bruce lettings limited

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bruce lettings limited Company Information

Share BRUCE LETTINGS LIMITED

Company Number

13801680

Directors

Sante Zanetti

Paola Bruce

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Shareholders

trustees of sante zanetti family gift trust no 4

trustees of sante zanetti family gift trust no 5

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Group Structure

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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

£369.2k

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

£124k

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

£56.1k

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

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £159.3k, make it smaller than the average company (£1.1m)

£159.3k - Bruce Lettings Limited

£1.1m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Bruce Lettings Limited

- - Industry AVG

production

Production

with a gross margin of 26.7%, this company has a higher cost of product (70.8%)

26.7% - Bruce Lettings Limited

70.8% - Industry AVG

profitability

Profitability

an operating margin of 17.1% make it less profitable than the average company (21.7%)

17.1% - Bruce Lettings Limited

21.7% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Bruce Lettings Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)

£33.1k - Bruce Lettings Limited

£33.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £53.1k, this is less efficient (£202.5k)

£53.1k - Bruce Lettings Limited

£202.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (33 days)

0 days - Bruce Lettings Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1134 days, this is slower than average (34 days)

1134 days - Bruce Lettings Limited

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Bruce Lettings Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022
Turnover159,326306,819
Other Income Or Grants
Cost Of Sales116,762231,216
Gross Profit42,56575,603
Admin Expenses15,37463,127
Operating Profit27,19112,476
Interest Payable
Interest Receivable1,770259
Pre-Tax Profit28,96112,735
Tax-7,240-2,420
Profit After Tax21,72110,315
Dividends Paid
Retained Profit21,72110,315
Employee Costs99,21894,190
Number Of Employees33
EBITDA*27,37612,660

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022
Tangible Assets1,112,2221,112,407
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,112,2221,112,407
Stock & work in progress
Trade Debtors167
Group Debtors
Misc Debtors
Cash52,64714,798
misc current assets
total current assets52,81414,798
total assets1,165,0361,127,205
Bank overdraft
Bank loan
Trade Creditors 362,938346,828
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities362,938346,828
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities769,972769,972
provisions
total long term liabilities769,972769,972
total liabilities1,132,9101,116,800
net assets32,12610,405
total shareholders funds32,12610,405
Dec 2023Dec 2022
Operating Activities
Operating Profit27,19112,476
Depreciation185184
Amortisation
Tax-7,240-2,420
Stock
Debtors167
Creditors16,110346,828
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations36,079357,068
Investing Activities
capital expenditure-1,112,591
Change in Investments
cash flow from investments-1,112,591
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities769,972
share issue90
interest1,770259
cash flow from financing1,770770,321
cash and cash equivalents
cash37,84914,798
overdraft
change in cash37,84914,798

bruce lettings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Bruce Lettings Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

trustees of sante zanetti family gift trust no 4 33.33%
trustees of sante zanetti family gift trust no 5 33.33%
trustees of sante zanetti family gift trust no 6 33.33%

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).

officercountryagestartendrole
Mr Sante ZanettiUnited Kingdom89 years Dec 2021- Director
Mrs Paola BruceUnited Kingdom56 years Jan 2022- Director
Mr Angus BruceUnited Kingdom60 years Jan 2022- Director

P&L

December 2023

turnover

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 2023

net assets

32.1k

+2.09%

total assets

1.2m

+0.03%

cash

52.6k

+2.56%

net assets

Total assets minus all liabilities

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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

None

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

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