Pomanda estimates the enterprise value of NORTH EAST DEVELOPERS LTD at £343.7k based on a Turnover of £121.2k and 2.84x industry multiple (adjusted for size and gross margin).
north east developers ltdEstimated Valuation
£88.5k
Pomanda estimates the enterprise value of NORTH EAST DEVELOPERS LTD at £88.5k based on an EBITDA of £14.5k and a 6.1x industry multiple (adjusted for size and gross margin).
north east developers ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NORTH EAST DEVELOPERS LTD at £0 based on Net Assets of £-6.7k and 1.51x industry multiple (adjusted for liquidity).
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North East Developers LtdOverview
North East Developers Ltd is a live company located in luton, LU1 5JD with a Companies House number of 14022971. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in April 2022, it's largest shareholder is
abdulhakim adetunji
with a 50% stake. North East Developers Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£121.2k with
unknown
growth in recent years.
Pomanda's financial health check has awarded North East Developers Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
2 Regular
6 Weak
Size
annual sales of £121.2k, make it smaller than the average company (£778.2k)
£121.2k - North East Developers Ltd
£778.2k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - North East Developers Ltd
- - Industry AVG
Production
with a gross margin of 71%, this company has a comparable cost of product (71%)
71% - North East Developers Ltd
71% - Industry AVG
Profitability
an operating margin of 12% make it less profitable than the average company (25.3%)
12% - North East Developers Ltd
25.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - North East Developers Ltd
4 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
£40.1k - North East Developers Ltd
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £121.2k, this is less efficient (£184.3k)
£121.2k - North East Developers Ltd
£184.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - North East Developers Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - North East Developers Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 1713 days, this is more than average (558 days)
1713 days - North East Developers Ltd
558 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 655 weeks, this is more cash available to meet short term requirements (7 weeks)
655 weeks - North East Developers Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.7%, this is a higher level of debt than the average (65%)
103.7% - North East Developers Ltd
65% - Industry AVG
NORTH EAST DEVELOPERS LTD financials
EXPORT
North East Developers Ltd's latest turnover from April 2024 is estimated at £121.2 thousand and the company has net assets of -£6.7 thousand. According to their latest financial statements, North East Developers Ltd has 1 employee and maintains cash reserves of £14.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Turnover
121,162
128,290
Other Income Or Grants
Cost Of Sales
35,096
40,248
Gross Profit
86,066
88,042
Admin Expenses
71,549
83,116
Operating Profit
14,517
4,926
Interest Payable
19,117
7,940
Interest Receivable
628
197
Pre-Tax Profit
-3,971
-2,817
Tax
Profit After Tax
-3,971
-2,817
Dividends Paid
Retained Profit
-3,971
-2,817
Employee Costs
40,137
35,846
Number Of Employees
1
1
EBITDA*
14,517
4,926
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
164,755
142,513
Trade Debtors
Group Debtors
Misc Debtors
Cash
14,644
9,283
misc current assets
2,000
total current assets
179,399
153,796
total assets
179,399
153,796
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
802
1,428
other short term finances
hp & lease commitments
other current liabilities
360
160
total current liabilities
1,162
1,588
loans
184,925
154,925
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
184,925
154,925
total liabilities
186,087
156,513
net assets
-6,688
-2,717
total shareholders funds
-6,688
-2,717
Apr 2024
Apr 2023
Operating Activities
Operating Profit
14,517
4,926
Depreciation
Amortisation
Tax
Stock
22,242
142,513
Debtors
Creditors
Accruals and Deferred Income
200
160
Deferred Taxes & Provisions
Cash flow from operations
-7,525
-137,427
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-626
1,428
Other Short Term Loans
Long term loans
30,000
154,925
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
-18,489
-7,743
cash flow from financing
10,885
148,710
cash and cash equivalents
cash
5,361
9,283
overdraft
change in cash
5,361
9,283
north east developers 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 north east developers ltd. Get real-time insights into north east developers ltd's credit score, group structure and payment trends.
Perform a competitor analysis for north east developers ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in LU1 area or any other competitors across 12 key performance metrics.
north east developers ltd Ownership
NORTH EAST DEVELOPERS LTD group structure
North East Developers Ltd has no subsidiary companies.
Ultimate parent company
NORTH EAST DEVELOPERS LTD
14022971
NORTH EAST DEVELOPERS LTD Shareholders
The largest shareholders in North East Developers Ltd include Abdulhakim Adetunji and Nurudeen Abdul-Salam.
abdulhakim adetunji
50%
nurudeen abdul-salam
25%
mutiat jimoh
25%
north east developers ltd directors
North East Developers Ltd currently has 1 director, Mr Nurudeen Abdul-Salam serving since Apr 2022.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024
net assets
-6.7k
+1.46%
total assets
179.4k
+0.17%
cash
14.6k
+0.58%
net assets
Total assets minus all liabilities
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north east developers ltd company details
company number
14022971
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
April 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
AUGUSTUS & CO
auditor
-
address
43 bolingbroke road, luton, LU1 5JD
Bank
-
Legal Advisor
-
north east developers 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 did not find charges/mortgages relating to north east developers ltd.
north east developers 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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north east developers ltdCompanies House Filings - See Documents
