bruce lettings limited
bruce lettings limited Company Information
Company Number
13801680
Next Accounts
Sep 2025
Shareholders
trustees of sante zanetti family gift trust no 4
trustees of sante zanetti family gift trust no 5
View AllGroup Structure
View All
Industry
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
midway house herrick way, staverton technology park, cheltenham, gloucestershire, GL51 6TQ
Website
-bruce lettings limited Estimated Valuation
Pomanda estimates the enterprise value of BRUCE LETTINGS LIMITED at £369.2k based on a Turnover of £159.3k and 2.32x industry multiple (adjusted for size and gross margin).
bruce lettings limited Estimated Valuation
Pomanda estimates the enterprise value of BRUCE LETTINGS LIMITED at £124k based on an EBITDA of £27.4k and a 4.53x industry multiple (adjusted for size and gross margin).
bruce lettings limited Estimated Valuation
Pomanda estimates the enterprise value of BRUCE LETTINGS LIMITED at £56.1k based on Net Assets of £32.1k and 1.75x industry multiple (adjusted for liquidity).
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Bruce Lettings Limited Overview
Bruce Lettings Limited is a live company located in cheltenham, GL51 6TQ with a Companies House number of 13801680. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 2021, it's largest shareholder is trustees of sante zanetti family gift trust no 4 with a 33.3% stake. Bruce Lettings Limited is a startup, micro sized company, Pomanda has estimated its turnover at £159.3k with unknown growth in recent years.
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Bruce Lettings Limited Health Check
Pomanda's financial health check has awarded Bruce Lettings Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £159.3k, make it smaller than the average company (£1.1m)
- Bruce Lettings Limited
£1.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bruce Lettings Limited
- - Industry AVG
Production
with a gross margin of 26.7%, this company has a higher cost of product (70.8%)
- Bruce Lettings Limited
70.8% - Industry AVG
Profitability
an operating margin of 17.1% make it less profitable than the average company (21.7%)
- Bruce Lettings Limited
21.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Bruce Lettings Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Bruce Lettings Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £53.1k, this is less efficient (£202.5k)
- Bruce Lettings Limited
£202.5k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (33 days)
- Bruce Lettings Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 1134 days, this is slower than average (34 days)
- Bruce Lettings Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bruce Lettings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (10 weeks)
7 weeks - Bruce Lettings Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.2%, this is a higher level of debt than the average (71.4%)
97.2% - Bruce Lettings Limited
71.4% - Industry AVG
BRUCE LETTINGS LIMITED financials
Bruce Lettings Limited's latest turnover from December 2023 is estimated at £159.3 thousand and the company has net assets of £32.1 thousand. According to their latest financial statements, Bruce Lettings Limited has 3 employees and maintains cash reserves of £52.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 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 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 1,112,222 | 1,112,407 |
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 1,112,222 | 1,112,407 |
| Stock & work in progress | ||
| Trade Debtors | 167 | |
| Group Debtors | ||
| Misc Debtors | ||
| Cash | 52,647 | 14,798 |
| misc current assets | ||
| total current assets | 52,814 | 14,798 |
| total assets | 1,165,036 | 1,127,205 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 362,938 | 346,828 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 362,938 | 346,828 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | 769,972 | 769,972 |
| provisions | ||
| total long term liabilities | 769,972 | 769,972 |
| total liabilities | 1,132,910 | 1,116,800 |
| net assets | 32,126 | 10,405 |
| total shareholders funds | 32,126 | 10,405 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 185 | 184 |
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 167 | |
| Creditors | 16,110 | 346,828 |
| Accruals and Deferred Income | ||
| 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 | ||
| Other Short Term Loans | ||
| Long term loans | ||
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | 769,972 | |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 37,849 | 14,798 |
| overdraft | ||
| change in cash | 37,849 | 14,798 |
bruce lettings limited Credit Report and Business Information
Bruce Lettings Limited Competitor Analysis
Perform a competitor analysis for bruce lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in GL51 area or any other competitors across 12 key performance metrics.
bruce lettings limited Ownership
BRUCE LETTINGS LIMITED group structure
Bruce Lettings Limited has no subsidiary companies.
Ultimate parent company
BRUCE LETTINGS LIMITED
13801680
bruce lettings limited directors
Bruce Lettings Limited currently has 3 directors. The longest serving directors include Mr Sante Zanetti (Dec 2021) and Mrs Paola Bruce (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sante Zanetti | United Kingdom | 89 years | Dec 2021 | - | Director |
| Mrs Paola Bruce | United Kingdom | 56 years | Jan 2022 | - | Director |
| Mr Angus Bruce | United Kingdom | 60 years | Jan 2022 | - | Director |
P&L
December 2023turnover
159.3k
-48%
operating profit
27.2k
0%
gross margin
26.8%
+8.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
32.1k
+2.09%
total assets
1.2m
+0.03%
cash
52.6k
+2.56%
net assets
Total assets minus all liabilities
Similar Companies
bruce lettings limited company details
company number
13801680
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
December 2021
age
4
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
midway house herrick way, staverton technology park, cheltenham, gloucestershire, GL51 6TQ
Bank
-
Legal Advisor
-
bruce lettings 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 bruce lettings limited.
bruce lettings 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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bruce lettings limited Companies House Filings - See Documents
| date | description | view/download |
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