src property development ltd
src property development ltd Company Information
Company Number
12240926
Website
-Registered Address
6-7 waterside station road, harpenden, AL5 4US
Industry
Buying and selling of own real estate
Telephone
01205354679
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
charles william chisholm 33.3%
stanley fink 33.3%
View Allsrc property development ltd Estimated Valuation
Pomanda estimates the enterprise value of SRC PROPERTY DEVELOPMENT LTD at £789.8k based on a Turnover of £340.4k and 2.32x industry multiple (adjusted for size and gross margin).
src property development ltd Estimated Valuation
Pomanda estimates the enterprise value of SRC PROPERTY DEVELOPMENT LTD at £0 based on an EBITDA of £-317.9k and a 5.71x industry multiple (adjusted for size and gross margin).
src property development ltd Estimated Valuation
Pomanda estimates the enterprise value of SRC PROPERTY DEVELOPMENT LTD at £0 based on Net Assets of £-343.1k and 1.23x industry multiple (adjusted for liquidity).
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Src Property Development Ltd Overview
Src Property Development Ltd is a live company located in harpenden, AL5 4US with a Companies House number of 12240926. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 2019, it's largest shareholder is charles william chisholm with a 33.3% stake. Src Property Development Ltd is a young, micro sized company, Pomanda has estimated its turnover at £340.4k with declining growth in recent years.
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Src Property Development Ltd Health Check
Pomanda's financial health check has awarded Src Property Development Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £340.4k, make it smaller than the average company (£908.3k)
- Src Property Development Ltd
£908.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (2.1%)
- Src Property Development Ltd
2.1% - Industry AVG
Production
with a gross margin of 66.6%, this company has a comparable cost of product (66.6%)
- Src Property Development Ltd
66.6% - Industry AVG
Profitability
an operating margin of -93.4% make it less profitable than the average company (35.4%)
- Src Property Development Ltd
35.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Src Property Development Ltd
4 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has an equivalent pay structure (£36.7k)
- Src Property Development Ltd
£36.7k - Industry AVG
Efficiency
resulting in sales per employee of £170.2k, this is less efficient (£202.4k)
- Src Property Development Ltd
£202.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Src Property Development Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 221 days, this is slower than average (30 days)
- Src Property Development Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Src Property Development Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Src Property Development Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.1%, this is a higher level of debt than the average (63.5%)
114.1% - Src Property Development Ltd
63.5% - Industry AVG
SRC PROPERTY DEVELOPMENT LTD financials
Src Property Development Ltd's latest turnover from March 2023 is estimated at £340.4 thousand and the company has net assets of -£343.1 thousand. According to their latest financial statements, Src Property Development Ltd has 2 employees and maintains cash reserves of £6.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Oct 2021 | Oct 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 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Oct 2021 | Oct 2020 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 2,421,388 | 2,409,965 | 1,498,933 |
| Debtors (Due After 1 year) | 5,393 | 0 | 0 |
| Total Fixed Assets | 2,426,781 | 2,409,965 | 1,498,933 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 35,032 | 38,237 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 5,981 | 0 | 0 |
| Cash | 6,193 | 27,166 | 9,674 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 12,174 | 62,198 | 47,911 |
| total assets | 2,438,955 | 2,472,163 | 1,546,844 |
| Bank overdraft | 495,981 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 68,965 | 1,698,906 | 242,203 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 156,300 | 0 | 0 |
| total current liabilities | 721,246 | 1,698,906 | 242,203 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 9,350 | 0 | 0 |
| other liabilities | 2,051,421 | 971,520 | 1,456,960 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 2,060,771 | 971,520 | 1,456,960 |
| total liabilities | 2,782,017 | 2,670,426 | 1,699,163 |
| net assets | -343,062 | -198,263 | -152,319 |
| total shareholders funds | -343,062 | -198,263 | -152,319 |
| Mar 2023 | Oct 2021 | Oct 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 11,374 | -3,205 | 38,237 |
| Creditors | 68,965 | 1,456,703 | 242,203 |
| Accruals and Deferred Income | 165,650 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 2,421,388 | 911,032 | 1,498,933 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 2,051,421 | -485,440 | 1,456,960 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 6,193 | 17,492 | 9,674 |
| overdraft | 495,981 | 0 | 0 |
| change in cash | -489,788 | 17,492 | 9,674 |
src property development ltd Credit Report and Business Information
Src Property Development Ltd Competitor Analysis
Perform a competitor analysis for src property development ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in AL5 area or any other competitors across 12 key performance metrics.
src property development ltd Ownership
SRC PROPERTY DEVELOPMENT LTD group structure
Src Property Development Ltd has no subsidiary companies.
Ultimate parent company
SRC PROPERTY DEVELOPMENT LTD
12240926
src property development ltd directors
Src Property Development Ltd currently has 3 directors. The longest serving directors include Lord Stanley Fink (Oct 2019) and Mr Charles Chisholm (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Lord Stanley Fink | England | 67 years | Oct 2019 | - | Director |
| Mr Charles Chisholm | United Kingdom | 54 years | Oct 2019 | - | Director |
| Mr Ringo Francis | United Kingdom | 69 years | Oct 2019 | - | Director |
P&L
March 2023turnover
340.4k
0%
operating profit
-317.9k
0%
gross margin
66.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-343.1k
0%
total assets
2.4m
0%
cash
6.2k
0%
net assets
Total assets minus all liabilities
Similar Companies
src property development ltd company details
company number
12240926
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
October 2019
age
5
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
6-7 waterside station road, harpenden, AL5 4US
accountant
CUBED CONSULTANCY LIMITED
auditor
-
src property development 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 src property development ltd. Currently there are 5 open charges and 1 have been satisfied in the past.
src property development ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
