backhouse (midsomer norton) limited
backhouse (midsomer norton) limited Company Information
Company Number
12954701
Website
-Registered Address
c/o dac beachcroft llp, portwall place, bristol, BS1 9HS
Industry
Buying and selling of own real estate
Construction of domestic buildings
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
backhouse opportunities limited 100%
backhouse (midsomer norton) limited Estimated Valuation
Pomanda estimates the enterprise value of BACKHOUSE (MIDSOMER NORTON) LIMITED at £7.9m based on a Turnover of £8.8m and 0.9x industry multiple (adjusted for size and gross margin).
backhouse (midsomer norton) limited Estimated Valuation
Pomanda estimates the enterprise value of BACKHOUSE (MIDSOMER NORTON) LIMITED at £3m based on an EBITDA of £849.4k and a 3.56x industry multiple (adjusted for size and gross margin).
backhouse (midsomer norton) limited Estimated Valuation
Pomanda estimates the enterprise value of BACKHOUSE (MIDSOMER NORTON) LIMITED at £0 based on Net Assets of £-626.5k and 1.34x industry multiple (adjusted for liquidity).
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Backhouse (midsomer Norton) Limited Overview
Backhouse (midsomer Norton) Limited is a live company located in bristol, BS1 9HS with a Companies House number of 12954701. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2020, it's largest shareholder is backhouse opportunities limited with a 100% stake. Backhouse (midsomer Norton) Limited is a startup, mid sized company, Pomanda has estimated its turnover at £8.8m with unknown growth in recent years.
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Backhouse (midsomer Norton) Limited Health Check
Pomanda's financial health check has awarded Backhouse (Midsomer Norton) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £8.8m, make it larger than the average company (£1.2m)
£8.8m - Backhouse (midsomer Norton) Limited
£1.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Backhouse (midsomer Norton) Limited
- - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (38.9%)
12.3% - Backhouse (midsomer Norton) Limited
38.9% - Industry AVG
Profitability
an operating margin of 9.6% make it less profitable than the average company (13.9%)
9.6% - Backhouse (midsomer Norton) Limited
13.9% - Industry AVG
Employees
with 41 employees, this is above the industry average (4)
- Backhouse (midsomer Norton) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Backhouse (midsomer Norton) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £215.8k, this is equally as efficient (£226.5k)
- Backhouse (midsomer Norton) Limited
£226.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Backhouse (midsomer Norton) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (30 days)
1 days - Backhouse (midsomer Norton) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 229 days, this is in line with average (275 days)
229 days - Backhouse (midsomer Norton) Limited
275 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Backhouse (midsomer Norton) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.6%, this is a higher level of debt than the average (69.6%)
112.6% - Backhouse (midsomer Norton) Limited
69.6% - Industry AVG
BACKHOUSE (MIDSOMER NORTON) LIMITED financials
Backhouse (Midsomer Norton) Limited's latest turnover from June 2023 is £8.8 million and the company has net assets of -£626.5 thousand. According to their latest financial statements, we estimate that Backhouse (Midsomer Norton) Limited has 41 employees and maintains cash reserves of £80 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Turnover | 8,847,742 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | |
| Cost Of Sales | 7,756,553 | 0 | |
| Gross Profit | 1,091,189 | 0 | |
| Admin Expenses | 241,753 | 71,977 | |
| Operating Profit | 849,436 | -71,977 | -515 |
| Interest Payable | 903,186 | 416,716 | 0 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | -53,750 | -488,693 | -515 |
| Tax | 0 | 0 | 0 |
| Profit After Tax | -53,750 | -488,693 | -515 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -53,750 | -488,693 | -515 |
| Employee Costs | 0 | 0 | 0 |
| Number Of Employees | 6 | ||
| EBITDA* | 849,436 | -71,977 | -515 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 4,879,661 | 6,649,821 | 754,049 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 10,462 | 0 |
| Misc Debtors | 90,220 | 62,576 | 17,968 |
| Cash | 80 | 61,065 | 100 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 4,969,961 | 6,783,924 | 772,117 |
| total assets | 4,969,961 | 6,783,924 | 772,117 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 31,140 | 26,889 | 46,116 |
| Group/Directors Accounts | 475,636 | 426,559 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 249,976 | 7,435 | 52,995 |
| total current liabilities | 756,752 | 460,883 | 99,111 |
| loans | 4,839,710 | 6,895,792 | 673,520 |
| 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 | 4,839,710 | 6,895,792 | 673,520 |
| total liabilities | 5,596,462 | 7,356,675 | 772,631 |
| net assets | -626,501 | -572,751 | -514 |
| total shareholders funds | -626,501 | -572,751 | -514 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 849,436 | -71,977 | -515 |
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 |
| Stock | -1,770,160 | 5,895,772 | 754,049 |
| Debtors | 17,182 | 55,070 | 17,968 |
| Creditors | 4,251 | -19,227 | 46,116 |
| Accruals and Deferred Income | 242,541 | -45,560 | 52,995 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | 2,849,206 | -6,087,606 | -673,421 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 49,077 | 426,559 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -2,056,082 | 6,222,272 | 673,520 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -903,186 | -416,716 | 0 |
| cash flow from financing | -2,910,191 | 6,148,571 | 673,521 |
| cash and cash equivalents | |||
| cash | -60,985 | 60,965 | 100 |
| overdraft | 0 | 0 | 0 |
| change in cash | -60,985 | 60,965 | 100 |
backhouse (midsomer norton) limited Credit Report and Business Information
Backhouse (midsomer Norton) Limited Competitor Analysis
Perform a competitor analysis for backhouse (midsomer norton) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in BS1 area or any other competitors across 12 key performance metrics.
backhouse (midsomer norton) limited Ownership
BACKHOUSE (MIDSOMER NORTON) LIMITED group structure
Backhouse (Midsomer Norton) Limited has no subsidiary companies.
Ultimate parent company
1 parent
BACKHOUSE (MIDSOMER NORTON) LIMITED
12954701
backhouse (midsomer norton) limited directors
Backhouse (Midsomer Norton) Limited currently has 3 directors. The longest serving directors include Mr Theo Hajoglou (Mar 2021) and Mr Ian Jones (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Theo Hajoglou | United Kingdom | 39 years | Mar 2021 | - | Director |
| Mr Ian Jones | United Kingdom | 58 years | Sep 2021 | - | Director |
| Mr Ian Jones | United Kingdom | 58 years | Sep 2021 | - | Director |
P&L
June 2023turnover
8.8m
0%
operating profit
849.4k
-1280%
gross margin
12.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-626.5k
+0.09%
total assets
5m
-0.27%
cash
80
-1%
net assets
Total assets minus all liabilities
Similar Companies
backhouse (midsomer norton) limited company details
company number
12954701
Type
Private limited with Share Capital
industry
41100 - Development of building projects
68100 - Buying and selling of own real estate
41202 - Construction of domestic buildings
incorporation date
October 2020
age
4
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
c/o dac beachcroft llp, portwall place, bristol, BS1 9HS
accountant
-
auditor
HAZLEWOODS LLP
backhouse (midsomer norton) 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 backhouse (midsomer norton) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
backhouse (midsomer norton) limited Companies House Filings - See Documents
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