simply lifetime mortgages ltd
simply lifetime mortgages ltd Company Information
Company Number
12264828
Next Accounts
Sep 2025
Shareholders
age partnership limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
2200 century way thorpe park, leeds, LS15 8ZB
Website
simplylifetime.co.uksimply lifetime mortgages ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY LIFETIME MORTGAGES LTD at £505k based on a Turnover of £640k and 0.79x industry multiple (adjusted for size and gross margin).
simply lifetime mortgages ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY LIFETIME MORTGAGES LTD at £0 based on an EBITDA of £-12.5k and a 2.72x industry multiple (adjusted for size and gross margin).
simply lifetime mortgages ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY LIFETIME MORTGAGES LTD at £39.2k based on Net Assets of £30k and 1.31x industry multiple (adjusted for liquidity).
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Simply Lifetime Mortgages Ltd Overview
Simply Lifetime Mortgages Ltd is a live company located in leeds, LS15 8ZB with a Companies House number of 12264828. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2019, it's largest shareholder is age partnership limited with a 100% stake. Simply Lifetime Mortgages Ltd is a young, small sized company, Pomanda has estimated its turnover at £640k with unknown growth in recent years.
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Simply Lifetime Mortgages Ltd Health Check
Pomanda's financial health check has awarded Simply Lifetime Mortgages Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £640k, make it smaller than the average company (£5.5m)
£640k - Simply Lifetime Mortgages Ltd
£5.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Simply Lifetime Mortgages Ltd
- - Industry AVG
Production
with a gross margin of 13.6%, this company has a higher cost of product (53.8%)
13.6% - Simply Lifetime Mortgages Ltd
53.8% - Industry AVG
Profitability
an operating margin of -1.9% make it less profitable than the average company (9%)
-1.9% - Simply Lifetime Mortgages Ltd
9% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
- Simply Lifetime Mortgages Ltd
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Simply Lifetime Mortgages Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £320k, this is more efficient (£223.8k)
- Simply Lifetime Mortgages Ltd
£223.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (33 days)
3 days - Simply Lifetime Mortgages Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (46 days)
15 days - Simply Lifetime Mortgages Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Simply Lifetime Mortgages Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is average cash available to meet short term requirements (29 weeks)
24 weeks - Simply Lifetime Mortgages Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (71.4%)
88.8% - Simply Lifetime Mortgages Ltd
71.4% - Industry AVG
SIMPLY LIFETIME MORTGAGES LTD financials
Simply Lifetime Mortgages Ltd's latest turnover from December 2023 is £640 thousand and the company has net assets of £30 thousand. According to their latest financial statements, we estimate that Simply Lifetime Mortgages Ltd has 2 employees and maintains cash reserves of £111 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 640,000 | 718,000 | ||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | -5,000 | 227,000 | ||
| Tax | 1,000 | -43,000 | ||
| Profit After Tax | -4,000 | 184,000 | ||
| Dividends Paid | 150,000 | |||
| Retained Profit | -154,000 | 184,000 | ||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | ||||
| Stock & work in progress | ||||
| Trade Debtors | 6,000 | 22,000 | ||
| Group Debtors | 151,000 | |||
| Misc Debtors | ||||
| Cash | 111,000 | 211,000 | 1 | 1 |
| misc current assets | ||||
| total current assets | 268,000 | 233,000 | 1 | 1 |
| total assets | 268,000 | 233,000 | 1 | 1 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 23,000 | 23,000 | ||
| Group/Directors Accounts | 206,000 | 9,000 | ||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 9,000 | 17,000 | ||
| total current liabilities | 238,000 | 49,000 | ||
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 238,000 | 49,000 | ||
| net assets | 30,000 | 184,000 | 1 | 1 |
| total shareholders funds | 30,000 | 184,000 | 1 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | 1,000 | -43,000 | ||
| Stock | ||||
| Debtors | 135,000 | 22,000 | ||
| Creditors | 23,000 | |||
| Accruals and Deferred Income | -8,000 | 17,000 | ||
| 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 | 197,000 | 9,000 | ||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | 197,000 | 8,999 | ||
| cash and cash equivalents | ||||
| cash | -100,000 | 210,999 | 1 | |
| overdraft | ||||
| change in cash | -100,000 | 210,999 | 1 |
simply lifetime mortgages ltd Credit Report and Business Information
Simply Lifetime Mortgages Ltd Competitor Analysis
Perform a competitor analysis for simply lifetime mortgages ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in LS15 area or any other competitors across 12 key performance metrics.
simply lifetime mortgages ltd Ownership
SIMPLY LIFETIME MORTGAGES LTD group structure
Simply Lifetime Mortgages Ltd has no subsidiary companies.
Ultimate parent company
2 parents
SIMPLY LIFETIME MORTGAGES LTD
12264828
simply lifetime mortgages ltd directors
Simply Lifetime Mortgages Ltd currently has 4 directors. The longest serving directors include Mr Andrew Thirkill (Dec 2019) and Mr Andrew Thirkill (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Thirkill | England | 66 years | Dec 2019 | - | Director |
| Mr Andrew Thirkill | 66 years | Dec 2019 | - | Director | |
| Mr Jonathan Thirkill | England | 32 years | Sep 2024 | - | Director |
| Mr James Perkin | 44 years | Oct 2024 | - | Director |
P&L
December 2023turnover
640k
-11%
operating profit
-12.5k
0%
gross margin
13.7%
-13.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
30k
-0.84%
total assets
268k
+0.15%
cash
111k
-0.47%
net assets
Total assets minus all liabilities
Similar Companies
simply lifetime mortgages ltd company details
company number
12264828
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
October 2019
age
6
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
lupfaw 528 limited (December 2019)
accountant
-
auditor
-
address
2200 century way thorpe park, leeds, LS15 8ZB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
simply lifetime mortgages 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 did not find charges/mortgages relating to simply lifetime mortgages ltd.
simply lifetime mortgages 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 SIMPLY LIFETIME MORTGAGES LTD. This can take several minutes, an email will notify you when this has completed.
simply lifetime mortgages ltd Companies House Filings - See Documents
| date | description | view/download |
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