Scotia Homes Limited

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scotia homes limited Company Information

Company Number

SC141011

Next Accounts

Mar 2025

Directors

Gary Gerrard

Carol Beaton

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Shareholders

scotia homes (holdings) limited

Group Structure

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Industry

Buying and selling of own real estate

Registered Address

the ca'd'oro 45 gordon street, glasgow, G1 3PE

Website

www.scotia-homes.co.uk

scotia homes limited Estimated Valuation

£206.5m

Pomanda estimates the enterprise value of SCOTIA HOMES LIMITED at £206.5m based on a Turnover of £53.4m and 3.86x industry multiple (adjusted for size and gross margin).

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Scotia Homes Limited is a live company located in glasgow, G1 3PE with a Companies House number of SC141011. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in November 1992, it's largest shareholder is scotia homes (holdings) limited with a 100% stake. Scotia Homes Limited is a mature, large sized company, Pomanda has estimated its turnover at £53.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Scotia Homes Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

0 Regular

3 Weak

Size

annual sales of £53.4m, make it larger than the average company (£837.8k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (2.4%)

EXPORT

Scotia Homes Limited's latest turnover from June 2023 is £53.4 million and the company has net assets of £9.5 million. According to their latest financial statements, Scotia Homes Limited has 177 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	53,448,268	42,135,452	28,786,530	43,862,678	39,471,394	37,177,646	37,207,651	57,995,133	41,039,904	42,012,903	32,914,112	21,164,876	30,108,432	28,311,513
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	47,699,275	36,296,896	23,406,669	37,876,080	30,204,648	28,565,005	29,496,771	47,991,996	30,554,678	31,683,639	23,211,405	13,424,913	21,478,132	17,624,726
Gross Profit	5,748,993	5,838,556	5,379,861	5,986,598	9,266,746	8,612,641	7,710,880	10,003,137	10,485,226	10,329,264	9,702,707	7,739,963	8,630,300	10,686,787
Admin Expenses	5,965,878	5,373,335	3,624,986	10,844,782	5,459,482	5,235,429	4,776,619	5,668,768	6,516,471	5,129,307	4,675,284	4,302,377	5,437,316	5,394,692
Operating Profit	-216,885	465,221	1,754,875	-4,858,184	3,807,264	3,377,212	2,934,261	4,334,369	3,968,755	5,199,957	5,027,423	3,437,586	3,192,984	5,292,095
Interest Payable	16,239	14,622	33,213	95,585	71,824	90,967	251,737	896,159	825,499	1,051,803	1,476,398	1,159,644	1,134,084	1,218,151
Interest Receivable	22	1	36	669	132,993	19,985	69,568	128,275	264,742	60,202	52,058	61,521	64,721	103,246
Pre-Tax Profit	-233,102	450,600	1,721,698	-4,933,800	3,868,433	3,306,230	2,752,092	-12,116,389	236,847	3,023,356	3,603,083	2,339,463	2,123,621	4,177,190
Tax	76,911	-30,935	-49,407	994,039	-585,250	-545,409	-280,074	1,608,532	-805,373	-650,928	-839,962	-559,077	-551,118	-1,202,305
Profit After Tax	-156,191	419,665	1,672,291	-3,939,761	3,283,183	2,760,821	2,472,018	-10,507,857	-568,526	2,372,428	2,763,121	1,780,386	1,572,503	2,974,885
Dividends Paid	0	0	0	17,000,000	928,653	887,256	706,335	559,644	894,724	497,067	497,067	367,455	367,455	367,453
Retained Profit	-156,191	419,665	1,672,291	-20,939,761	2,354,530	1,873,565	1,765,683	-11,067,501	-1,463,250	1,875,361	2,266,054	1,412,931	1,205,048	2,607,432
Employee Costs	3,901,486	3,721,161	2,665,459	9,214,989	8,505,038	8,065,791	7,670,891	9,092,265	8,282,973	6,873,847	6,270,418	4,720,384	5,640,363	5,348,283
Number Of Employees	177	166	164	208	213	210	215	230	210	181	176	141	173	182
EBITDA*	68,485	707,959	2,064,351	-4,377,509	4,109,228	3,964,392	3,659,619	4,334,369	4,712,190	5,689,547	5,305,870	3,682,846	3,535,991	5,749,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	948,915	647,521	735,467	1,093,387	923,064	783,491	972,200	1,618,899	2,208,408	1,967,349	1,783,228	1,565,220	1,462,434	1,723,949
Intangible Assets	0	0	0	0	0	0	207,470	414,830	622,190	4,000,701	4,096,158	3,094,248	3,094,238	3,171,151
Investments & Other	51	51	51	50	50	50	50	150,000	1,496,900	1,496,900	1,636,901	3,297,693	6,649,827	6,286,600
Debtors (Due After 1 year)	1,184,322	1,120,440	1,796,960	2,181,438	1,664,289	2,771,143	2,559,335	3,328,060	3,326,422	4,197,605	4,282,777	4,029,898	3,637,544	2,499,905
Total Fixed Assets	2,133,288	1,768,012	2,532,478	3,274,875	2,587,403	3,554,684	3,739,055	5,511,789	7,653,920	11,662,555	11,799,064	11,987,059	14,844,043	13,681,605
Stock & work in progress	2,429,232	6,369,885	3,128,905	4,979,921	12,294,165	16,651,291	18,656,285	26,016,976	49,919,931	50,356,269	55,788,543	50,494,050	42,320,681	40,129,187
Trade Debtors	526,207	576,307	55,596	37,690	123,961	293,243	180,308	257,598	670,144	6,012,980	4,484,480	1,587,620	2,496,074	838,087
Group Debtors	11,331,513	7,586,927	6,247,967	3,772,964	17,160,241	9,536,369	5,806,941	706,928	203,000	154,704	147,704	318,873	317,875	315,873
Misc Debtors	1,392,860	1,300,086	806,634	387,585	2,930,182	2,673,982	2,360,997	3,669,353	870,133	878,499	528,430	850,114	624,446	793,355
Cash	1,042,996	1,542,373	2,524,759	1,991,361	2,245,559	2,243,792	2,849,047	1,579,050	3,106,608	2,506,297	3,636,406	2,624,837	2,460,333	2,152,427
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,722,808	17,375,578	12,763,861	11,169,521	34,754,108	31,398,677	29,853,578	32,229,905	54,769,816	59,908,749	64,585,563	55,875,494	48,219,409	44,228,929
total assets	18,856,096	19,143,590	15,296,339	14,444,396	37,341,511	34,953,361	33,592,633	37,741,694	62,423,736	71,571,304	76,384,627	67,862,553	63,063,452	57,910,534
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	172,281	174,866	174,867	11,024,866	6,444,867
Trade Creditors	6,755,220	4,317,017	3,084,783	1,323,211	3,846,101	3,606,398	7,834,170	11,486,630	8,162,315	4,568,138	6,189,241	5,092,409	5,074,369	7,084,016
Group/Directors Accounts	0	0	0	0	0	0	24,964	1,127,140	0	0	0	0	0	1,225,000
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	1,807,500	2,725,000
hp & lease commitments	238,680	59,840	173,999	419,363	227,416	88,115	234,633	508,988	529,554	439,225	347,648	142,034	34,142	202,963
other current liabilities	2,108,035	5,081,035	2,833,768	4,943,713	5,121,868	5,640,821	1,797,719	2,433,145	4,443,062	3,718,575	3,334,306	2,618,925	2,548,295	1,790,054
total current liabilities	9,101,935	9,457,892	6,092,550	6,686,287	9,195,385	9,335,334	9,891,486	15,555,903	13,134,931	8,898,219	10,046,061	8,028,235	20,489,172	19,471,900
loans	0	0	0	0	0	0	0	0	14,000,000	24,227,095	29,676,597	27,020,414	10,002,539	8,385,483
hp & lease commitments	289,667	65,013	2,769	229,380	256,548	82,979	39,663	289,991	392,971	311,479	381,346	174,917	35,285	32,143
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	1,840,000	1,913,600	0	1,310,400	0
provisions	0	0	0	0	0	0	0	0	116,700	52,127	0	0	0	0
total long term liabilities	289,667	65,013	2,769	229,380	256,548	82,979	39,663	289,991	14,509,671	26,430,701	31,971,543	27,195,331	11,348,224	8,417,626
total liabilities	9,391,602	9,522,905	6,095,319	6,915,667	9,451,933	9,418,313	9,931,149	15,845,894	27,644,602	35,328,920	42,017,604	35,223,566	31,837,396	27,889,526
net assets	9,464,494	9,620,685	9,201,020	7,528,729	27,889,578	25,535,048	23,661,484	21,895,800	34,779,134	36,242,384	34,367,023	32,638,987	31,226,056	30,021,008
total shareholders funds	9,464,494	9,620,685	9,201,020	7,528,729	27,889,578	25,535,048	23,661,484	21,895,800	34,779,134	36,242,384	34,367,023	32,638,987	31,226,056	30,021,008

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-216,885	465,221	1,754,875	-4,858,184	3,807,264	3,377,212	2,934,261	4,334,369	3,968,755	5,199,957	5,027,423	3,437,586	3,192,984	5,292,095
Depreciation	285,370	242,738	309,476	480,675	301,964	379,710	517,998	0	536,075	394,133	278,447	245,260	343,007	457,279
Amortisation	0	0	0	0	0	207,470	207,360	0	207,360	95,457	0	0	0	0
Tax	76,911	-30,935	-49,407	994,039	-585,250	-545,409	-280,074	1,608,532	-805,373	-650,928	-839,962	-559,077	-551,118	-1,202,305
Stock	-3,940,653	3,240,980	-1,851,016	-7,314,244	-4,357,126	-2,004,994	-7,360,691	-23,902,955	-436,338	-5,432,274	5,294,493	8,173,369	2,191,494	40,129,187
Debtors	3,851,142	1,676,603	2,527,480	-15,498,996	6,603,936	4,367,156	2,945,642	2,892,240	-6,174,089	1,800,397	2,656,886	-289,434	2,628,719	4,447,220
Creditors	2,438,203	1,232,234	1,761,572	-2,522,890	239,703	-4,227,772	-3,652,460	3,324,315	3,594,177	-1,621,103	1,096,832	18,040	-2,009,647	7,084,016
Accruals and Deferred Income	-2,973,000	2,247,267	-2,109,945	-178,155	-518,953	3,843,102	-635,426	-2,009,917	724,487	384,269	715,381	70,630	758,241	1,790,054
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-116,700	64,573	52,127	0	0	0	0
Cash flow from operations	-299,890	-761,058	990,107	16,728,725	997,918	672,151	3,506,708	28,151,314	14,900,481	7,485,789	-1,673,258	-4,671,496	-3,086,746	-31,155,268
Investing Activities
capital expenditure	-586,764	-154,792	48,444	-650,998	-441,537	-191,001	128,701	796,869	-733,305	-360,175	-527,888	-678,167	-293,859	-1,316,360
Change in Investments	0	0	1	0	0	0	-149,950	-1,346,900	0	-140,001	-1,660,792	-3,352,134	363,227	6,286,600
cash flow from investments	-586,764	-154,792	48,443	-650,998	-441,537	-191,001	278,651	2,143,769	-733,305	-220,174	1,132,904	2,673,967	-657,086	-7,602,960
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-172,281	-2,585	-1	-10,849,999	4,579,999	6,444,867
Group/Directors Accounts	0	0	0	0	0	-24,964	-1,102,176	1,127,140	0	0	0	0	-1,225,000	1,225,000
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-1,807,500	-917,500	2,725,000
Long term loans	0	0	0	0	0	0	0	-14,000,000	-10,227,095	-5,449,502	2,656,183	17,017,875	1,617,056	8,385,483
Hire Purchase and Lease Commitments	403,494	-51,915	-471,975	164,779	312,870	-103,202	-524,683	-123,546	171,821	21,710	412,043	247,524	-165,679	235,106
other long term liabilities	0	0	0	0	0	0	0	0	-1,840,000	-73,600	1,913,600	-1,310,400	1,310,400	0
share issue	0	0	0	578,912	0	-1	1	-1,815,833	0	0	-538,018	0	0	27,413,576
interest	-16,217	-14,621	-33,177	-94,916	61,169	-70,982	-182,169	-767,884	-560,757	-991,601	-1,424,340	-1,098,123	-1,069,363	-1,114,905
cash flow from financing	387,277	-66,536	-505,152	648,775	374,039	-199,149	-1,809,027	-15,580,123	-12,628,312	-6,495,578	3,019,467	2,199,377	4,129,913	45,314,127
cash and cash equivalents
cash	-499,377	-982,386	533,398	-254,198	1,767	-605,255	1,269,997	-1,527,558	600,311	-1,130,109	1,011,569	164,504	307,906	2,152,427
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-499,377	-982,386	533,398	-254,198	1,767	-605,255	1,269,997	-1,527,558	600,311	-1,130,109	1,011,569	164,504	307,906	2,152,427

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SCOTIA HOMES LIMITED group structure

Scotia Homes Limited has 1 subsidiary company.

Ultimate parent company

SCOTIA HOMES LIMITED

SC141011

1 subsidiary

WEBSTER GROUP LIMITED

SC155256

SCOTIA HOMES LIMITED Shareholders

scotia homes (holdings) limited

100%

Scotia Homes Limited currently has 7 directors. The longest serving directors include Mr Gary Gerrard (May 2011) and Mrs Carol Beaton (Apr 2012).

officer	country	age	start	end	role
Mr Gary Gerrard	Scotland	59 years	May 2011	-	Director
Mrs Carol Beaton	Scotland	59 years	Apr 2012	-	Director
Mr Richard Begbie	Scotland	44 years	Jun 2014	-	Director
Mr Bruce Linton	United Kingdom	71 years	May 2020	-	Director
Mr David Cameron	Scotland	82 years	May 2020	-	Director
Mr Bruce Linton	United Kingdom	71 years	May 2020	-	Director
Mr Graham Reid	United Kingdom	43 years	May 2021	-	Director

P&L

June 2023

turnover

53.4m

+27%

operating profit

-216.9k

-147%

gross margin

10.8%

-22.38%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

9.5m

-0.02%

total assets

18.9m

-0.02%

cash

-0.32%

net assets

Total assets minus all liabilities

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company number

SC141011

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

November 1992

ultimate parent company

None

previous names

scotia developments limited (May 2003)

aberdeenshire assured tenancies limited (July 2000)

address

the ca'd'oro 45 gordon street, glasgow, G1 3PE

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 22 charges/mortgages relating to scotia homes limited. Currently there are 7 open charges and 15 have been satisfied in the past.

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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scotia homes limited Company Information

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scotia homes limited Estimated Valuation

scotia homes limited Estimated Valuation

Scotia Homes Limited Overview

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SCOTIA HOMES LIMITED financials

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scotia homes limited Companies House Filings - See Documents