northcote properties ltd
northcote properties ltd Company Information
Company Number
11976615
Next Accounts
3 days late
Shareholders
aviva smith
Group Structure
View All
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
1st floor, cloister house, new bailey street, salford, M3 5FS
Website
-northcote properties ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTHCOTE PROPERTIES LTD at £6.5m based on a Turnover of £2.6m and 2.47x industry multiple (adjusted for size and gross margin).
northcote properties ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTHCOTE PROPERTIES LTD at £467.6k based on an EBITDA of £94.2k and a 4.97x industry multiple (adjusted for size and gross margin).
northcote properties ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTHCOTE PROPERTIES LTD at £6.6m based on Net Assets of £3.8m and 1.76x industry multiple (adjusted for liquidity).
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Northcote Properties Ltd Overview
Northcote Properties Ltd is a live company located in salford, M3 5FS with a Companies House number of 11976615. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2019, it's largest shareholder is aviva smith with a 100% stake. Northcote Properties Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.6m with rapid growth in recent years.
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Northcote Properties Ltd Health Check
Pomanda's financial health check has awarded Northcote Properties Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £2.6m, make it larger than the average company (£830.9k)
- Northcote Properties Ltd
£830.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 7730%, show it is growing at a faster rate (2.3%)
- Northcote Properties Ltd
2.3% - Industry AVG
Production
with a gross margin of 29%, this company has a higher cost of product (72.5%)
- Northcote Properties Ltd
72.5% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (26.6%)
- Northcote Properties Ltd
26.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Northcote Properties Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
- Northcote Properties Ltd
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £879.7k, this is more efficient (£177.7k)
- Northcote Properties Ltd
£177.7k - Industry AVG
Debtor Days
it gets paid by customers after 137 days, this is later than average (33 days)
- Northcote Properties Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 112 days, this is slower than average (35 days)
- Northcote Properties Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Northcote Properties Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Northcote Properties Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.3%, this is a lower level of debt than the average (67.1%)
13.3% - Northcote Properties Ltd
67.1% - Industry AVG
NORTHCOTE PROPERTIES LTD financials
Northcote Properties Ltd's latest turnover from May 2023 is estimated at £2.6 million and the company has net assets of £3.8 million. According to their latest financial statements, Northcote Properties Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 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 | 3 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Tangible Assets | 3,350,100 | 3,338,000 | 3,338,000 | |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 3,350,100 | 3,338,000 | 3,338,000 | |
| Stock & work in progress | ||||
| Trade Debtors | 992,374 | 385,890 | 324,088 | 1 |
| Group Debtors | ||||
| Misc Debtors | ||||
| Cash | ||||
| misc current assets | ||||
| total current assets | 992,374 | 385,890 | 324,088 | 1 |
| total assets | 4,342,474 | 3,723,890 | 3,662,088 | 1 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 576,888 | 28,932 | 29,016 | |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | ||||
| total current liabilities | 576,888 | 28,932 | 29,016 | |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 576,888 | 28,932 | 29,016 | |
| net assets | 3,765,586 | 3,694,958 | 3,633,072 | 1 |
| total shareholders funds | 3,765,586 | 3,694,958 | 3,633,072 | 1 |
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | 606,484 | 61,802 | 324,087 | 1 |
| Creditors | 547,956 | -84 | 29,016 | |
| 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 | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | ||||
| overdraft | ||||
| change in cash |
northcote properties ltd Credit Report and Business Information
Northcote Properties Ltd Competitor Analysis
Perform a competitor analysis for northcote properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.
northcote properties ltd Ownership
NORTHCOTE PROPERTIES LTD group structure
Northcote Properties Ltd has no subsidiary companies.
Ultimate parent company
NORTHCOTE PROPERTIES LTD
11976615
northcote properties ltd directors
Northcote Properties Ltd currently has 6 directors. The longest serving directors include Mrs Aviva Smith (May 2019) and Mr Ruben Smith (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Aviva Smith | England | 54 years | May 2019 | - | Director |
| Mr Ruben Smith | England | 61 years | Sep 2020 | - | Director |
| Miss Rikki Ciffer | England | 23 years | Mar 2023 | - | Director |
| Miss Tali Smith | England | 23 years | Mar 2023 | - | Director |
| Mrs Zipporah Smith | England | 27 years | Apr 2024 | - | Director |
| Mr Joel Smith | England | 26 years | Apr 2024 | - | Director |
P&L
May 2023turnover
2.6m
+99%
operating profit
94.2k
0%
gross margin
29%
+2.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
3.8m
+0.02%
total assets
4.3m
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
northcote properties ltd company details
company number
11976615
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
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
1st floor, cloister house, new bailey street, salford, M3 5FS
Bank
-
Legal Advisor
-
northcote properties 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 found 3 charges/mortgages relating to northcote properties ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
northcote properties 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.
Click to start generating capital raising & share issue transactions for NORTHCOTE PROPERTIES LTD. This can take several minutes, an email will notify you when this has completed.
northcote properties ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
