lets rent homes ltd
lets rent homes ltd Company Information
Group Structure
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Industry
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
3 derby road, ripley, derbyshire, DE5 3EA
Website
-lets rent homes ltd Estimated Valuation
Pomanda estimates the enterprise value of LETS RENT HOMES LTD at £358.1k based on a Turnover of £144k and 2.49x industry multiple (adjusted for size and gross margin).
lets rent homes ltd Estimated Valuation
Pomanda estimates the enterprise value of LETS RENT HOMES LTD at £1.9k based on an EBITDA of £389 and a 4.86x industry multiple (adjusted for size and gross margin).
lets rent homes ltd Estimated Valuation
Pomanda estimates the enterprise value of LETS RENT HOMES LTD at £8.9k based on Net Assets of £5.1k and 1.75x industry multiple (adjusted for liquidity).
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Lets Rent Homes Ltd Overview
Lets Rent Homes Ltd is a live company located in derbyshire, DE5 3EA with a Companies House number of 11894387. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2019, it's largest shareholder is ryan brazier with a 100% stake. Lets Rent Homes Ltd is a young, micro sized company, Pomanda has estimated its turnover at £144k with high growth in recent years.
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Lets Rent Homes Ltd Health Check
Pomanda's financial health check has awarded Lets Rent Homes Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £144k, make it smaller than the average company (£920.2k)
- Lets Rent Homes Ltd
£920.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (4.9%)
- Lets Rent Homes Ltd
4.9% - Industry AVG
Production
with a gross margin of 34.6%, this company has a higher cost of product (75.3%)
- Lets Rent Homes Ltd
75.3% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (29.4%)
- Lets Rent Homes Ltd
29.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Lets Rent Homes Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)
- Lets Rent Homes Ltd
£32.3k - Industry AVG
Efficiency
resulting in sales per employee of £144k, this is less efficient (£177.7k)
- Lets Rent Homes Ltd
£177.7k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (30 days)
- Lets Rent Homes Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (38 days)
- Lets Rent Homes Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lets Rent Homes Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lets Rent Homes Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.5%, this is a higher level of debt than the average (64.5%)
87.5% - Lets Rent Homes Ltd
64.5% - Industry AVG
LETS RENT HOMES LTD financials
Lets Rent Homes Ltd's latest turnover from March 2024 is estimated at £144 thousand and the company has net assets of £5.1 thousand. According to their latest financial statements, Lets Rent Homes Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 1 | 1 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | |||||
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | |||||
| Stock & work in progress | |||||
| Trade Debtors | 41,135 | 42,652 | 38,868 | 26,034 | 2,474 |
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | |||||
| misc current assets | |||||
| total current assets | 41,135 | 42,652 | 38,868 | 26,034 | 2,474 |
| total assets | 41,135 | 42,652 | 38,868 | 26,034 | 2,474 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 27,246 | 25,285 | 22,009 | 6,256 | 1,994 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 27,246 | 25,285 | 22,009 | 6,256 | 1,994 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | 8,764 | 12,534 | 15,965 | 19,123 | |
| provisions | |||||
| total long term liabilities | 8,764 | 12,534 | 15,965 | 19,123 | |
| total liabilities | 36,010 | 37,819 | 37,974 | 25,379 | 1,994 |
| net assets | 5,125 | 4,833 | 894 | 655 | 480 |
| total shareholders funds | 5,125 | 4,833 | 894 | 655 | 480 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | -1,517 | 3,784 | 12,834 | 23,560 | 2,474 |
| Creditors | 1,961 | 3,276 | 15,753 | 4,262 | 1,994 |
| Accruals and Deferred Income | |||||
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | -3,770 | -3,431 | -3,158 | 19,123 | |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | |||||
| overdraft | |||||
| change in cash |
lets rent homes ltd Credit Report and Business Information
Lets Rent Homes Ltd Competitor Analysis
Perform a competitor analysis for lets rent homes ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in DE5 area or any other competitors across 12 key performance metrics.
lets rent homes ltd Ownership
LETS RENT HOMES LTD group structure
Lets Rent Homes Ltd has no subsidiary companies.
Ultimate parent company
LETS RENT HOMES LTD
11894387
lets rent homes ltd directors
Lets Rent Homes Ltd currently has 1 director, Mr Ryan Brazier serving since Mar 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ryan Brazier | 41 years | Mar 2019 | - | Director |
P&L
March 2024turnover
144k
+7%
operating profit
389.3
0%
gross margin
34.7%
+3.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.1k
+0.06%
total assets
41.1k
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
lets rent homes ltd company details
company number
11894387
Type
Private limited with Share Capital
industry
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
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
3 derby road, ripley, derbyshire, DE5 3EA
Bank
-
Legal Advisor
-
lets rent homes ltd 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 did not find charges/mortgages relating to lets rent homes ltd.
lets rent homes ltd Capital Raised & Share Issues BETA
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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lets rent homes ltd Companies House Filings - See Documents
| date | description | view/download |
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