provident homes mill road ltd
provident homes mill road ltd Company Information
Company Number
12137953
Next Accounts
59 days late
Shareholders
blackbox investments & property ltd
provident homes limited
Group Structure
View All
Industry
Development of building projects
Registered Address
5 presland way, irthlingborough, wellingborough, NN9 5UL
Website
providenthomes.co.ukprovident homes mill road ltd Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENT HOMES MILL ROAD LTD at £626.9k based on a Turnover of £1.3m and 0.5x industry multiple (adjusted for size and gross margin).
provident homes mill road ltd Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENT HOMES MILL ROAD LTD at £0 based on an EBITDA of £-67.7k and a 3.85x industry multiple (adjusted for size and gross margin).
provident homes mill road ltd Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENT HOMES MILL ROAD LTD at £0 based on Net Assets of £-770k and 1.49x industry multiple (adjusted for liquidity).
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Provident Homes Mill Road Ltd Overview
Provident Homes Mill Road Ltd is a live company located in wellingborough, NN9 5UL with a Companies House number of 12137953. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2019, it's largest shareholder is blackbox investments & property ltd with a 50% stake. Provident Homes Mill Road Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.
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Provident Homes Mill Road Ltd Health Check
Pomanda's financial health check has awarded Provident Homes Mill Road Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£2.1m)
- Provident Homes Mill Road Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (2.3%)
- Provident Homes Mill Road Ltd
2.3% - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Provident Homes Mill Road Ltd
25.9% - Industry AVG
Profitability
an operating margin of -5.4% make it less profitable than the average company (8.4%)
- Provident Homes Mill Road Ltd
8.4% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (6)
- Provident Homes Mill Road Ltd
6 - Industry AVG
Pay Structure
on an average salary of £46k, the company has an equivalent pay structure (£46k)
- Provident Homes Mill Road Ltd
£46k - Industry AVG
Efficiency
resulting in sales per employee of £250.4k, this is equally as efficient (£270.6k)
- Provident Homes Mill Road Ltd
£270.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (29 days)
- Provident Homes Mill Road Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (30 days)
- Provident Homes Mill Road Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 1147 days, this is more than average (181 days)
- Provident Homes Mill Road Ltd
181 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Provident Homes Mill Road Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.2%, this is a higher level of debt than the average (73.9%)
126.2% - Provident Homes Mill Road Ltd
73.9% - Industry AVG
PROVIDENT HOMES MILL ROAD LTD financials
Provident Homes Mill Road Ltd's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of -£770 thousand. According to their latest financial statements, we estimate that Provident Homes Mill Road Ltd has 5 employees and maintains cash reserves of £17.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 2,913,691 | 2,460,951 | 1,243,494 | 871,683 |
| Trade Debtors | 2,475 | |||
| Group Debtors | ||||
| Misc Debtors | 4,027 | 24,225 | 170,633 | 11,301 |
| Cash | 17,550 | 453 | 151,249 | 100,936 |
| misc current assets | ||||
| total current assets | 2,937,743 | 2,485,629 | 1,565,376 | 983,920 |
| total assets | 2,937,743 | 2,485,629 | 1,565,376 | 983,920 |
| Bank overdraft | 2,216,384 | 1,774,469 | ||
| Bank loan | ||||
| Trade Creditors | 154,823 | 180,272 | 157,052 | 1,487 |
| Group/Directors Accounts | 850 | 850 | 850 | |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 1,335,699 | 1,029,066 | 155,971 | 544,394 |
| total current liabilities | 3,707,756 | 2,983,807 | 313,873 | 546,731 |
| loans | 666,654 | 463,826 | ||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 782,128 | |||
| provisions | ||||
| total long term liabilities | 1,448,782 | 463,826 | ||
| total liabilities | 3,707,756 | 2,983,807 | 1,762,655 | 1,010,557 |
| net assets | -770,013 | -498,178 | -197,279 | -26,637 |
| total shareholders funds | -770,013 | -498,178 | -197,279 | -26,637 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | 452,740 | 1,217,457 | 371,811 | 871,683 |
| Debtors | -17,723 | -146,408 | 159,332 | 11,301 |
| Creditors | -25,449 | 23,220 | 155,565 | 1,487 |
| Accruals and Deferred Income | 306,633 | 873,095 | -388,423 | 544,394 |
| 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 | 850 | -850 | 850 | |
| Other Short Term Loans | ||||
| Long term loans | -666,654 | 202,828 | 463,826 | |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | -782,128 | 782,128 | ||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 17,097 | -150,796 | 50,313 | 100,936 |
| overdraft | 441,915 | 1,774,469 | ||
| change in cash | -424,818 | -1,925,265 | 50,313 | 100,936 |
provident homes mill road ltd Credit Report and Business Information
Provident Homes Mill Road Ltd Competitor Analysis
Perform a competitor analysis for provident homes mill road ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NN9 area or any other competitors across 12 key performance metrics.
provident homes mill road ltd Ownership
PROVIDENT HOMES MILL ROAD LTD group structure
Provident Homes Mill Road Ltd has no subsidiary companies.
provident homes mill road ltd directors
Provident Homes Mill Road Ltd currently has 3 directors. The longest serving directors include Mr Sreelal Harilal (Aug 2019) and Dr Fahd Khan (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sreelal Harilal | England | 43 years | Aug 2019 | - | Director |
| Dr Fahd Khan | England | 41 years | Aug 2019 | - | Director |
| Mr Andrew Cooke | England | 48 years | Dec 2019 | - | Director |
P&L
March 2023turnover
1.3m
-38%
operating profit
-67.7k
0%
gross margin
26%
+5.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-770k
+0.55%
total assets
2.9m
+0.18%
cash
17.6k
+37.74%
net assets
Total assets minus all liabilities
provident homes mill road ltd company details
company number
12137953
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
5 presland way, irthlingborough, wellingborough, NN9 5UL
Bank
-
Legal Advisor
-
provident homes mill road 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 6 charges/mortgages relating to provident homes mill road ltd. Currently there are 2 open charges and 4 have been satisfied in the past.
provident homes mill road 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 PROVIDENT HOMES MILL ROAD LTD. This can take several minutes, an email will notify you when this has completed.
provident homes mill road ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
