letbudget limited
letbudget limited Company Information
Group Structure
View All
Industry
Collection of non-hazardous waste
+2Registered Address
imperial offices uk ltd, 2 eastern road, romford, RM1 3PJ
Website
letbudget.comletbudget limited Estimated Valuation
Pomanda estimates the enterprise value of LETBUDGET LIMITED at £586.3k based on a Turnover of £405.2k and 1.45x industry multiple (adjusted for size and gross margin).
letbudget limited Estimated Valuation
Pomanda estimates the enterprise value of LETBUDGET LIMITED at £0 based on an EBITDA of £-1.2k and a 3.91x industry multiple (adjusted for size and gross margin).
letbudget limited Estimated Valuation
Pomanda estimates the enterprise value of LETBUDGET LIMITED at £26.3k based on Net Assets of £12.1k and 2.17x industry multiple (adjusted for liquidity).
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Letbudget Limited Overview
Letbudget Limited is a live company located in romford, RM1 3PJ with a Companies House number of 12589337. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in May 2020, it's largest shareholder is jewel chovvdhury with a 100% stake. Letbudget Limited is a young, micro sized company, Pomanda has estimated its turnover at £405.2k with unknown growth in recent years.
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Letbudget Limited Health Check
Pomanda's financial health check has awarded Letbudget Limited 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
1 Regular
7 Weak
Size
annual sales of £405.2k, make it smaller than the average company (£5m)
- Letbudget Limited
£5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Letbudget Limited
- - Industry AVG
Production
with a gross margin of 20%, this company has a higher cost of product (55.3%)
- Letbudget Limited
55.3% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (14.3%)
- Letbudget Limited
14.3% - Industry AVG
Employees
with 4 employees, this is below the industry average (21)
4 - Letbudget Limited
21 - Industry AVG
Pay Structure
on an average salary of £37.7k, the company has an equivalent pay structure (£37.7k)
- Letbudget Limited
£37.7k - Industry AVG
Efficiency
resulting in sales per employee of £101.3k, this is less efficient (£151.2k)
- Letbudget Limited
£151.2k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (40 days)
- Letbudget Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 175 days, this is slower than average (33 days)
- Letbudget Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Letbudget Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Letbudget Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.8%, this is a higher level of debt than the average (59.7%)
92.8% - Letbudget Limited
59.7% - Industry AVG
LETBUDGET LIMITED financials
Letbudget Limited's latest turnover from May 2023 is estimated at £405.2 thousand and the company has net assets of £12.1 thousand. According to their latest financial statements, Letbudget Limited has 4 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 | |
|---|---|---|---|
| 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 | 4 | 8 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Tangible Assets | 17,024 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 17,024 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 151,065 | 18,355 | 25,255 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 151,065 | 18,355 | 25,255 |
| total assets | 168,089 | 18,355 | 25,255 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 155,982 | 5,026 | 15,442 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 155,982 | 5,026 | 15,442 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 155,982 | 5,026 | 15,442 |
| net assets | 12,107 | 13,329 | 9,813 |
| total shareholders funds | 12,107 | 13,329 | 9,813 |
| May 2023 | May 2022 | May 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | ||
| Amortisation | 0 | ||
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 132,710 | -6,900 | 25,255 |
| Creditors | 150,956 | -10,416 | 15,442 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
letbudget limited Credit Report and Business Information
Letbudget Limited Competitor Analysis
Perform a competitor analysis for letbudget limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other micro companies, companies in RM1 area or any other competitors across 12 key performance metrics.
letbudget limited Ownership
LETBUDGET LIMITED group structure
Letbudget Limited has no subsidiary companies.
Ultimate parent company
LETBUDGET LIMITED
12589337
letbudget limited directors
Letbudget Limited currently has 1 director, Mr Jewel Chowdhury serving since May 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jewel Chowdhury | England | 41 years | May 2020 | - | Director |
P&L
May 2023turnover
405.2k
+151%
operating profit
-1.2k
0%
gross margin
20%
-2.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
12.1k
-0.09%
total assets
168.1k
+8.16%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
letbudget limited company details
company number
12589337
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
38110 - Collection of non-hazardous waste
68320 - Management of real estate on a fee or contract basis
incorporation date
May 2020
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
imperial offices uk ltd, 2 eastern road, romford, RM1 3PJ
Bank
-
Legal Advisor
-
letbudget 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 did not find charges/mortgages relating to letbudget limited.
letbudget 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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letbudget limited Companies House Filings - See Documents
| date | description | view/download |
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