seaside worthing ltd
seaside worthing ltd Company Information
Company Number
13558350
Website
-Registered Address
bank house southwick square, southwick, brighton, BN42 4FN
Industry
Development of building projects
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
seaside worthing top ltd 100%
seaside worthing ltd Estimated Valuation
Pomanda estimates the enterprise value of SEASIDE WORTHING LTD at £1.9m based on a Turnover of £3.2m and 0.61x industry multiple (adjusted for size and gross margin).
seaside worthing ltd Estimated Valuation
Pomanda estimates the enterprise value of SEASIDE WORTHING LTD at £0 based on an EBITDA of £-43.7k and a 4.41x industry multiple (adjusted for size and gross margin).
seaside worthing ltd Estimated Valuation
Pomanda estimates the enterprise value of SEASIDE WORTHING LTD at £0 based on Net Assets of £-70.6k and 1.55x industry multiple (adjusted for liquidity).
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Seaside Worthing Ltd Overview
Seaside Worthing Ltd is a live company located in brighton, BN42 4FN with a Companies House number of 13558350. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2021, it's largest shareholder is seaside worthing top ltd with a 100% stake. Seaside Worthing Ltd is a startup, small sized company, Pomanda has estimated its turnover at £3.2m with unknown growth in recent years.
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Seaside Worthing Ltd Health Check
Pomanda's financial health check has awarded Seaside Worthing Ltd a 2 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 £3.2m, make it larger than the average company (£2.3m)
- Seaside Worthing Ltd
£2.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Seaside Worthing Ltd
- - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Seaside Worthing Ltd
26.2% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (7.1%)
- Seaside Worthing Ltd
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Seaside Worthing Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
- Seaside Worthing Ltd
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£285k)
- Seaside Worthing Ltd
£285k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Seaside Worthing Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Seaside Worthing Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 771 days, this is more than average (165 days)
- Seaside Worthing Ltd
165 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 - Seaside Worthing Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.4%, this is a higher level of debt than the average (74.7%)
101.4% - Seaside Worthing Ltd
74.7% - Industry AVG
SEASIDE WORTHING LTD financials
Seaside Worthing Ltd's latest turnover from August 2023 is estimated at £3.2 million and the company has net assets of -£70.6 thousand. According to their latest financial statements, Seaside Worthing Ltd has 2 employees and maintains cash reserves of £83.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | |
|---|---|---|
| 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 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Tangible Assets | 10,740 | 5,625 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 10,740 | 5,625 |
| Stock & work in progress | 4,919,475 | 3,641,943 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 11,175 | 93,580 |
| Cash | 83,714 | 17,276 |
| misc current assets | 0 | 0 |
| total current assets | 5,014,364 | 3,752,799 |
| total assets | 5,025,104 | 3,758,424 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 16,639 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 5,095,714 | 3,767,676 |
| total current liabilities | 5,095,714 | 3,784,315 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 5,095,714 | 3,784,315 |
| net assets | -70,610 | -25,891 |
| total shareholders funds | -70,610 | -25,891 |
| Aug 2023 | Aug 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 3,580 | |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 1,277,532 | 3,641,943 |
| Debtors | -82,405 | 93,580 |
| Creditors | -16,639 | 16,639 |
| Accruals and Deferred Income | 1,328,038 | 3,767,676 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 66,438 | 17,276 |
| overdraft | 0 | 0 |
| change in cash | 66,438 | 17,276 |
seaside worthing ltd Credit Report and Business Information
Seaside Worthing Ltd Competitor Analysis
Perform a competitor analysis for seaside worthing ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BN42 area or any other competitors across 12 key performance metrics.
seaside worthing ltd Ownership
SEASIDE WORTHING LTD group structure
Seaside Worthing Ltd has no subsidiary companies.
seaside worthing ltd directors
Seaside Worthing Ltd currently has 2 directors. The longest serving directors include Mr Paul Craig (Aug 2021) and Mr Ralph Gilbert (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Craig | England | 55 years | Aug 2021 | - | Director |
| Mr Ralph Gilbert | United Kingdom | 43 years | Aug 2021 | - | Director |
P&L
August 2023turnover
3.2m
+150%
operating profit
-47.2k
0%
gross margin
26.2%
+6.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-70.6k
+1.73%
total assets
5m
+0.34%
cash
83.7k
+3.85%
net assets
Total assets minus all liabilities
Similar Companies
seaside worthing ltd company details
company number
13558350
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2021
age
3
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
August 2023
address
bank house southwick square, southwick, brighton, BN42 4FN
accountant
STYLE ACCOUNTANTS LTD
auditor
-
seaside worthing 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 2 charges/mortgages relating to seaside worthing ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
seaside worthing ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
