brother lettings limited

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brother lettings limited Company Information

Share BROTHER LETTINGS LIMITED

Company Number

12080125

Shareholders

scott hammond

danny hammond

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Group Structure

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Industry

Buying and selling of own real estate

 

Registered Address

14 furtherwick road, canvey island, essex, SS8 7AE

Website

-

brother lettings limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of BROTHER LETTINGS LIMITED at £1.9m based on a Turnover of £630.7k and 3.05x industry multiple (adjusted for size and gross margin).

brother lettings limited Estimated Valuation

£241.4k

Pomanda estimates the enterprise value of BROTHER LETTINGS LIMITED at £241.4k based on an EBITDA of £36.9k and a 6.55x industry multiple (adjusted for size and gross margin).

brother lettings limited Estimated Valuation

£33.4k

Pomanda estimates the enterprise value of BROTHER LETTINGS LIMITED at £33.4k based on Net Assets of £21.2k and 1.58x industry multiple (adjusted for liquidity).

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Brother Lettings Limited Overview

Brother Lettings Limited is a live company located in essex, SS8 7AE with a Companies House number of 12080125. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in July 2019, it's largest shareholder is scott hammond with a 33.3% stake. Brother Lettings Limited is a young, small sized company, Pomanda has estimated its turnover at £630.7k with low growth in recent years.

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Brother Lettings Limited Health Check

Pomanda's financial health check has awarded Brother Lettings Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

0 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £630.7k, make it smaller than the average company (£831.7k)

£630.7k - Brother Lettings Limited

£831.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.3%)

1% - Brother Lettings Limited

3.3% - Industry AVG

production

Production

with a gross margin of 69%, this company has a comparable cost of product (69%)

69% - Brother Lettings Limited

69% - Industry AVG

profitability

Profitability

an operating margin of 5.9% make it less profitable than the average company (29.3%)

5.9% - Brother Lettings Limited

29.3% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Brother Lettings Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)

£42.1k - Brother Lettings Limited

£42.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £210.2k, this is equally as efficient (£210.2k)

£210.2k - Brother Lettings Limited

£210.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Brother Lettings Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Brother Lettings Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Brother Lettings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (6 weeks)

4 weeks - Brother Lettings Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 93.2%, this is a higher level of debt than the average (65.1%)

93.2% - Brother Lettings Limited

65.1% - Industry AVG

BROTHER LETTINGS LIMITED financials

EXPORTms excel logo

Brother Lettings Limited's latest turnover from September 2024 is estimated at £630.7 thousand and the company has net assets of £21.2 thousand. According to their latest financial statements, Brother Lettings Limited has 3 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Turnover630,691581,014302,400610,569226,589
Other Income Or Grants
Cost Of Sales195,270180,927100,775191,72973,011
Gross Profit435,421400,086201,625418,840153,578
Admin Expenses398,554359,277164,151383,211168,921
Operating Profit36,86740,80937,47435,629-15,343
Interest Payable28,47229,11921,35415,7897,895
Interest Receivable115672111
Pre-Tax Profit8,50911,75716,14119,841-23,237
Tax-2,127-2,939-3,067-3,770
Profit After Tax6,3828,81813,07416,071-23,237
Dividends Paid
Retained Profit6,3828,81813,07416,071-23,237
Employee Costs126,177110,476114,000108,391113,844
Number Of Employees33333
EBITDA*36,86740,80937,47435,629-15,343

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Tangible Assets310,483310,483310,483310,483310,483
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets310,483310,483310,483310,483310,483
Stock & work in progress
Trade Debtors494
Group Debtors
Misc Debtors12743711386470
Cash3,0561,5241,0458301,157
misc current assets
total current assets3,1831,9611,1589162,121
total assets313,666312,444311,641311,399312,604
Bank overdraft
Bank loan
Trade Creditors 163
Group/Directors Accounts27,94234,19142,69757,59174,769
other short term finances
hp & lease commitments
other current liabilities5,6774,5913,9372,0382,136
total current liabilities33,61938,78246,79759,62976,905
loans258,837258,837258,837258,837258,837
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities258,837258,837258,837258,837258,837
total liabilities292,456297,619305,634318,466335,742
net assets21,21014,8256,007-7,067-23,138
total shareholders funds21,21014,8256,007-7,067-23,138
Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Operating Activities
Operating Profit36,86740,80937,47435,629-15,343
Depreciation
Amortisation
Tax-2,127-2,939-3,067-3,770
Stock
Debtors-31032427-878964
Creditors-163163
Accruals and Deferred Income1,0866541,899-982,136
Deferred Taxes & Provisions
Cash flow from operations36,13638,03736,44232,639-14,171
Investing Activities
capital expenditure-310,483
Change in Investments
cash flow from investments-310,483
Financing Activities
Bank loans
Group/Directors Accounts-6,249-8,506-14,894-17,17874,769
Other Short Term Loans
Long term loans258,837
Hire Purchase and Lease Commitments
other long term liabilities
share issue399
interest-28,357-29,052-21,333-15,788-7,894
cash flow from financing-34,603-37,558-36,227-32,966325,811
cash and cash equivalents
cash1,532479215-3271,157
overdraft
change in cash1,532479215-3271,157

brother lettings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Brother Lettings Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for brother lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in SS8 area or any other competitors across 12 key performance metrics.

brother lettings limited Ownership

BROTHER LETTINGS LIMITED group structure

Brother Lettings Limited has no subsidiary companies.

Ultimate parent company

BROTHER LETTINGS LIMITED

12080125

BROTHER LETTINGS LIMITED Shareholders

scott hammond 33.33%
danny hammond 33.33%
darren clements 33.33%

brother lettings limited directors

Brother Lettings Limited currently has 3 directors. The longest serving directors include Mr Scott Hammond (Jul 2019) and Mr Darren Clements (Jul 2019).

officercountryagestartendrole
Mr Scott HammondEngland56 years Jul 2019- Director
Mr Darren ClementsEngland53 years Jul 2019- Director
Mr Danny HammondEngland58 years Jul 2019- Director

P&L

September 2024

turnover

630.7k

+9%

operating profit

36.9k

0%

gross margin

69.1%

+0.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2024

net assets

21.2k

+0.43%

total assets

313.7k

0%

cash

3.1k

+1.01%

net assets

Total assets minus all liabilities

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brother lettings limited company details

company number

12080125

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

July 2019

age

6

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2024

previous names

N/A

accountant

MSB & CO CANVEY ISLAND LIMITED

auditor

-

address

14 furtherwick road, canvey island, essex, SS8 7AE

Bank

-

Legal Advisor

-

brother lettings 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 2 charges/mortgages relating to brother lettings limited. Currently there are 2 open charges and 0 have been satisfied in the past.

brother lettings limited 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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brother lettings limited Companies House Filings - See Documents

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