Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
1 lightning way, birmingham, B31 3PH
Website
-
more homes ltdEstimated Valuation
£333.5k
Pomanda estimates the enterprise value of MORE HOMES LTD at £333.5k based on a Turnover of £144.5k and 2.31x industry multiple (adjusted for size and gross margin).
more homes ltdEstimated Valuation
£81.9k
Pomanda estimates the enterprise value of MORE HOMES LTD at £81.9k based on an EBITDA of £18.2k and a 4.5x industry multiple (adjusted for size and gross margin).
more homes ltdEstimated Valuation
£26.1k
Pomanda estimates the enterprise value of MORE HOMES LTD at £26.1k based on Net Assets of £15.5k and 1.68x industry multiple (adjusted for liquidity).
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More Homes LtdOverview
More Homes Ltd is a live company located in birmingham, B31 3PH with a Companies House number of 13747497. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in November 2021, it's largest shareholder is
michael skerrett
with a 100% stake. More Homes Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£144.5k with
unknown
growth in recent years.
Pomanda's financial health check has awarded More Homes 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
Health Rating1out of 5
1 Strong
1 Regular
7 Weak
Size
annual sales of £144.5k, make it smaller than the average company (£848.4k)
£144.5k - More Homes Ltd
£848.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - More Homes Ltd
- - Industry AVG
Production
with a gross margin of 30.5%, this company has a higher cost of product (73%)
30.5% - More Homes Ltd
73% - Industry AVG
Profitability
an operating margin of 12.6% make it less profitable than the average company (27%)
12.6% - More Homes Ltd
27% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - More Homes Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)
£32.1k - More Homes Ltd
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £144.5k, this is less efficient (£180.9k)
£144.5k - More Homes Ltd
£180.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - More Homes Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 853 days, this is slower than average (35 days)
853 days - More Homes Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - More Homes Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (12 weeks)
5 weeks - More Homes Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.2%, this is a higher level of debt than the average (67.9%)
98.2% - More Homes Ltd
67.9% - Industry AVG
MORE HOMES LTD financials
EXPORT
More Homes Ltd's latest turnover from November 2023 is estimated at £144.5 thousand and the company has net assets of £15.5 thousand. According to their latest financial statements, More Homes Ltd has 1 employee and maintains cash reserves of £23.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Turnover
144,455
55,334
Other Income Or Grants
Cost Of Sales
100,333
39,384
Gross Profit
44,122
15,950
Admin Expenses
25,902
14,732
Operating Profit
18,220
1,218
Interest Payable
Interest Receivable
921
175
Pre-Tax Profit
19,141
1,393
Tax
-4,785
-265
Profit After Tax
14,356
1,128
Dividends Paid
Retained Profit
14,356
1,128
Employee Costs
32,061
30,715
Number Of Employees
1
1
EBITDA*
18,220
1,325
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Tangible Assets
814,462
549,677
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
814,462
549,677
Stock & work in progress
Trade Debtors
135
Group Debtors
Misc Debtors
Cash
23,433
11,671
misc current assets
total current assets
23,433
11,806
total assets
837,895
561,483
Bank overdraft
Bank loan
Trade Creditors
234,634
164,229
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
234,634
164,229
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
587,776
396,125
provisions
total long term liabilities
587,776
396,125
total liabilities
822,410
560,354
net assets
15,485
1,129
total shareholders funds
15,485
1,129
Nov 2023
Nov 2022
Operating Activities
Operating Profit
18,220
1,218
Depreciation
107
Amortisation
Tax
-4,785
-265
Stock
Debtors
-135
135
Creditors
70,405
164,229
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
83,975
165,154
Investing Activities
capital expenditure
-264,785
-549,784
Change in Investments
cash flow from investments
-264,785
-549,784
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
191,651
396,125
share issue
1
interest
921
175
cash flow from financing
192,572
396,301
cash and cash equivalents
cash
11,762
11,671
overdraft
change in cash
11,762
11,671
more homes ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for more homes ltd. Get real-time insights into more homes ltd's credit score, group structure and payment trends.
Perform a competitor analysis for more homes ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in B31 area or any other competitors across 12 key performance metrics.
more homes ltd Ownership
MORE HOMES LTD group structure
More Homes Ltd has no subsidiary companies.
Ultimate parent company
MORE HOMES LTD
13747497
MORE HOMES LTD Shareholders
The sole shareholder of More Homes Ltd is Michael Skerrett.
michael skerrett
100%
more homes ltd directors
More Homes Ltd currently has 1 director, Mr Michael Skerrett serving since Nov 2021.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023
net assets
15.5k
+12.72%
total assets
837.9k
+0.49%
cash
23.4k
+1.01%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
more homes ltd company details
company number
13747497
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
November 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
November 2023
previous names
N/A
accountant
LANGARD LIFFORD HALL LIMITED
auditor
-
address
1 lightning way, birmingham, B31 3PH
Bank
-
Legal Advisor
-
more homes 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 8 charges/mortgages relating to more homes ltd. Currently there are 8 open charges and 0 have been satisfied in the past.
more homes 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.
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more homes ltdCompanies House Filings - See Documents
