horsted developments limited
horsted developments limited Company Information
Company Number
11941231
Website
-Registered Address
20 hotwell road, bristol, BS8 4UD
Industry
Development of building projects
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
terry whittingham 50%
jonathan morgan 50%
horsted developments limited Estimated Valuation
Pomanda estimates the enterprise value of HORSTED DEVELOPMENTS LIMITED at £227k based on a Turnover of £497k and 0.46x industry multiple (adjusted for size and gross margin).
horsted developments limited Estimated Valuation
Pomanda estimates the enterprise value of HORSTED DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-1.4k and a 3.43x industry multiple (adjusted for size and gross margin).
horsted developments limited Estimated Valuation
Pomanda estimates the enterprise value of HORSTED DEVELOPMENTS LIMITED at £0 based on Net Assets of £-52.3k and 1.31x industry multiple (adjusted for liquidity).
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Horsted Developments Limited Overview
Horsted Developments Limited is a live company located in bristol, BS8 4UD with a Companies House number of 11941231. It operates in the development of building projects sector, SIC Code 41100. Founded in April 2019, it's largest shareholder is terry whittingham with a 50% stake. Horsted Developments Limited is a young, micro sized company, Pomanda has estimated its turnover at £497k with declining growth in recent years.
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Horsted Developments Limited Health Check
Pomanda's financial health check has awarded Horsted Developments Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
8 Weak
Size
annual sales of £497k, make it smaller than the average company (£2.2m)
- Horsted Developments Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (2.5%)
- Horsted Developments Limited
2.5% - Industry AVG
Production
with a gross margin of 26%, this company has a comparable cost of product (26%)
- Horsted Developments Limited
26% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (7.6%)
- Horsted Developments Limited
7.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Horsted Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£48k)
- Horsted Developments Limited
£48k - Industry AVG
Efficiency
resulting in sales per employee of £248.5k, this is equally as efficient (£280.7k)
- Horsted Developments Limited
£280.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Horsted Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (31 days)
- Horsted Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 1017 days, this is more than average (166 days)
- Horsted Developments Limited
166 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Horsted Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.1%, this is a higher level of debt than the average (73.7%)
105.1% - Horsted Developments Limited
73.7% - Industry AVG
horsted developments limited Credit Report and Business Information
Horsted Developments Limited Competitor Analysis
Perform a competitor analysis for horsted developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
horsted developments limited Ownership
HORSTED DEVELOPMENTS LIMITED group structure
Horsted Developments Limited has no subsidiary companies.
Ultimate parent company
1 parent
HORSTED DEVELOPMENTS LIMITED
11941231
horsted developments limited directors
Horsted Developments Limited currently has 3 directors. The longest serving directors include Mr Jonathan Morgan (Jun 2020) and Mr Terry Whittingham (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Morgan | United Kingdom | 48 years | Jun 2020 | - | Director |
| Mr Terry Whittingham | United Kingdom | 53 years | Jun 2020 | - | Director |
| Mr Terry Whittingham | United Kingdom | 53 years | Jun 2020 | - | Director |
HORSTED DEVELOPMENTS LIMITED financials
Horsted Developments Limited's latest turnover from April 2023 is estimated at £497 thousand and the company has net assets of -£52.3 thousand. According to their latest financial statements, Horsted Developments Limited has 2 employees and maintains cash reserves of £782 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 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 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,025,158 | 958,185 | 800,000 | 1,606,294 |
| Trade Debtors | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 80,000 | 50,000 | 0 |
| Misc Debtors | 470 | 75,079 | 163,150 | 0 |
| Cash | 782 | 4,560 | 27,889 | 2,593 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,026,410 | 1,117,824 | 1,041,039 | 1,608,887 |
| total assets | 1,026,410 | 1,117,824 | 1,041,039 | 1,608,887 |
| Bank overdraft | 33,205 | 42,892 | 50,000 | 388,275 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,846 | 6,585 | 21,313 | 0 |
| Group/Directors Accounts | 617,570 | 659,300 | 973,837 | 1,272,389 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,730 | 1,400 | 1,360 | 3,257 |
| total current liabilities | 655,351 | 710,177 | 1,046,510 | 1,663,921 |
| loans | 423,368 | 412,002 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 423,368 | 412,002 | 0 | 0 |
| total liabilities | 1,078,719 | 1,122,179 | 1,046,510 | 1,663,921 |
| net assets | -52,309 | -4,355 | -5,471 | -55,034 |
| total shareholders funds | -52,309 | -4,355 | -5,471 | -55,034 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 66,973 | 158,185 | -806,294 | 1,606,294 |
| Debtors | -154,609 | -58,071 | 213,150 | 0 |
| Creditors | -3,739 | -14,728 | 21,313 | 0 |
| Accruals and Deferred Income | 330 | 40 | -1,897 | 3,257 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -41,730 | -314,537 | -298,552 | 1,272,389 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 11,366 | 412,002 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -3,778 | -23,329 | 25,296 | 2,593 |
| overdraft | -9,687 | -7,108 | -338,275 | 388,275 |
| change in cash | 5,909 | -16,221 | 363,571 | -385,682 |
P&L
April 2023turnover
497k
+6%
operating profit
-1.4k
0%
gross margin
26.1%
+6.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-52.3k
+11.01%
total assets
1m
-0.08%
cash
782
-0.83%
net assets
Total assets minus all liabilities
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horsted developments limited company details
company number
11941231
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
April 2019
age
5
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
20 hotwell road, bristol, BS8 4UD
last accounts submitted
April 2023
horsted developments 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 8 charges/mortgages relating to horsted developments limited. Currently there are 2 open charges and 6 have been satisfied in the past.
horsted developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
