Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
245 broad street, birmingham, B1 2HQ
Website
-
gem llh spv 2 limitedEstimated Valuation
£47.2m
Pomanda estimates the enterprise value of GEM LLH SPV 2 LIMITED at £47.2m based on a Turnover of £10.2m and 4.64x industry multiple (adjusted for size and gross margin).
gem llh spv 2 limitedEstimated Valuation
£128.9m
Pomanda estimates the enterprise value of GEM LLH SPV 2 LIMITED at £128.9m based on an EBITDA of £14.3m and a 9.04x industry multiple (adjusted for size and gross margin).
gem llh spv 2 limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of GEM LLH SPV 2 LIMITED at £0 based on Net Assets of £-24.2m and 1.68x industry multiple (adjusted for liquidity).
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Gem Llh Spv 2 LimitedOverview
Gem Llh Spv 2 Limited is a live company located in birmingham, B1 2HQ with a Companies House number of 11743517. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2018, it's largest shareholder is
gem uk holdco limited
with a 100% stake. Gem Llh Spv 2 Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£10.2m with
declining
growth in recent years.
Pomanda's financial health check has awarded Gem Llh Spv 2 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
2 Regular
2 Weak
Size
annual sales of £10.2m, make it larger than the average company (£922k)
£10.2m - Gem Llh Spv 2 Limited
£922k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.9%)
-4% - Gem Llh Spv 2 Limited
4.9% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (75.4%)
100% - Gem Llh Spv 2 Limited
75.4% - Industry AVG
Profitability
an operating margin of 140.2% make it more profitable than the average company (29.3%)
140.2% - Gem Llh Spv 2 Limited
29.3% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Gem Llh Spv 2 Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
£32.4k - Gem Llh Spv 2 Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £2.5m, this is more efficient (£177k)
£2.5m - Gem Llh Spv 2 Limited
£177k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Gem Llh Spv 2 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Gem Llh Spv 2 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gem Llh Spv 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 14 weeks, this is more cash available to meet short term requirements (11 weeks)
14 weeks - Gem Llh Spv 2 Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.8%, this is a higher level of debt than the average (64.6%)
111.8% - Gem Llh Spv 2 Limited
64.6% - Industry AVG
GEM LLH SPV 2 LIMITED financials
EXPORT
Gem Llh Spv 2 Limited's latest turnover from March 2024 is £10.2 million and the company has net assets of -£24.2 million. According to their latest financial statements, Gem Llh Spv 2 Limited has 4 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Turnover
10,171,000
7,984,000
5,854,000
11,655,000
12,198,000
Other Income Or Grants
Cost Of Sales
Gross Profit
10,171,000
7,984,000
5,854,000
11,655,000
12,198,000
Admin Expenses
-4,090,000
-1,504,000
-6,938,000
23,441,000
327,000
Operating Profit
14,261,000
9,488,000
12,792,000
-11,786,000
11,871,000
Interest Payable
14,165,000
12,597,000
10,518,000
10,109,000
10,608,000
Interest Receivable
Pre-Tax Profit
96,000
-3,109,000
2,275,000
-21,895,000
1,263,000
Tax
-2,062,000
-736,000
Profit After Tax
-1,966,000
-3,845,000
2,275,000
-21,895,000
1,263,000
Dividends Paid
Retained Profit
-1,966,000
-3,845,000
2,275,000
-21,895,000
1,263,000
Employee Costs
129,573
60,755
59,451
53,832
2,412,457
Number Of Employees
4
2
2
2
88
EBITDA*
14,261,000
9,488,000
12,792,000
-11,786,000
12,106,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Tangible Assets
3,346,000
Intangible Assets
213,000
Investments & Other
200,570,000
Debtors (Due After 1 year)
Total Fixed Assets
200,570,000
3,559,000
Stock & work in progress
190,088,000
188,388,000
180,588,000
193,158,000
Trade Debtors
17,000
Group Debtors
161,000
190,000
190,000
190,000
28,000
Misc Debtors
123,000
120,000
120,000
120,000
119,000
Cash
4,223,000
3,256,000
2,225,000
4,837,000
15,443,000
misc current assets
total current assets
4,507,000
193,654,000
190,923,000
185,752,000
208,748,000
total assets
205,077,000
193,654,000
190,923,000
185,752,000
212,307,000
Bank overdraft
Bank loan
Trade Creditors
13,000
816,000
678,000
Group/Directors Accounts
8,225,000
8,225,000
8,973,000
8,927,000
12,716,000
other short term finances
hp & lease commitments
other current liabilities
7,094,000
4,738,000
2,081,000
3,017,000
3,105,000
total current liabilities
15,332,000
12,963,000
11,054,000
12,760,000
16,499,000
loans
175,364,000
171,589,000
167,063,000
162,594,000
163,641,000
hp & lease commitments
37,574,000
31,304,000
31,163,000
31,030,000
30,904,000
Accruals and Deferred Income
other liabilities
provisions
975,000
total long term liabilities
213,913,000
202,893,000
198,226,000
193,624,000
194,545,000
total liabilities
229,245,000
215,856,000
209,280,000
206,384,000
211,044,000
net assets
-24,168,000
-22,202,000
-18,357,000
-20,632,000
1,263,000
total shareholders funds
-24,168,000
-22,202,000
-18,357,000
-20,632,000
1,263,000
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Operating Activities
Operating Profit
14,261,000
9,488,000
12,792,000
-11,786,000
11,871,000
Depreciation
183,000
Amortisation
52,000
Tax
-2,062,000
-736,000
Stock
-190,088,000
1,700,000
7,800,000
-12,570,000
193,158,000
Debtors
-26,000
-17,000
180,000
147,000
Creditors
13,000
-816,000
138,000
678,000
Accruals and Deferred Income
2,356,000
2,657,000
-936,000
-88,000
3,105,000
Deferred Taxes & Provisions
975,000
Cash flow from operations
205,657,000
9,709,000
3,257,000
654,000
-177,416,000
Investing Activities
capital expenditure
3,559,000
-3,794,000
Change in Investments
200,570,000
cash flow from investments
-200,570,000
3,559,000
-3,794,000
Financing Activities
Bank loans
Group/Directors Accounts
-748,000
46,000
-3,789,000
12,716,000
Other Short Term Loans
Long term loans
3,775,000
4,526,000
4,469,000
-1,047,000
163,641,000
Hire Purchase and Lease Commitments
6,270,000
141,000
133,000
126,000
30,904,000
other long term liabilities
share issue
interest
-14,165,000
-12,597,000
-10,518,000
-10,109,000
-10,608,000
cash flow from financing
-4,120,000
-8,678,000
-5,870,000
-14,819,000
196,653,000
cash and cash equivalents
cash
967,000
1,031,000
-2,612,000
-10,606,000
15,443,000
overdraft
change in cash
967,000
1,031,000
-2,612,000
-10,606,000
15,443,000
gem llh spv 2 limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for gem llh spv 2 limited. Get real-time insights into gem llh spv 2 limited's credit score, group structure and payment trends.
Perform a competitor analysis for gem llh spv 2 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in B 1 area or any other competitors across 12 key performance metrics.
gem llh spv 2 limited Ownership
GEM LLH SPV 2 LIMITED group structure
Gem Llh Spv 2 Limited has no subsidiary companies.
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
December 2018
age
7
incorporated
UK
ultimate parent company
GEM JERSEY HOLDCO LTD
accounts
Full Accounts
last accounts submitted
March 2024
previous names
queensgate gem llh spv 2 limited (April 2023)
accountant
-
auditor
BDO LLP
address
245 broad street, birmingham, B1 2HQ
Bank
-
Legal Advisor
SLAUGHTER AND MAY
gem llh spv 2 limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to gem llh spv 2 limited. Currently there are 3 open charges and 0 have been satisfied in the past.
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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gem llh spv 2 limitedCompanies House Filings - See Documents
