direct lettings (scotland) limited
direct lettings (scotland) limited Company Information
Company Number
SC175211
Next Accounts
Aug 2025
Shareholders
george pattullo brewster
ian fergusson
View AllGroup Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
110 commercial street, dundee, DD1 2AJ
Website
www.direct-lettings.comdirect lettings (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT LETTINGS (SCOTLAND) LIMITED at £3.6m based on a Turnover of £1.2m and 2.89x industry multiple (adjusted for size and gross margin).
direct lettings (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT LETTINGS (SCOTLAND) LIMITED at £560.7k based on an EBITDA of £66.7k and a 8.41x industry multiple (adjusted for size and gross margin).
direct lettings (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of DIRECT LETTINGS (SCOTLAND) LIMITED at £0 based on Net Assets of £-78.3k and 1.8x industry multiple (adjusted for liquidity).
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Direct Lettings (scotland) Limited Overview
Direct Lettings (scotland) Limited is a live company located in dundee, DD1 2AJ with a Companies House number of SC175211. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in May 1997, it's largest shareholder is george pattullo brewster with a 23% stake. Direct Lettings (scotland) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.
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Direct Lettings (scotland) Limited Health Check
Pomanda's financial health check has awarded Direct Lettings (Scotland) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £1.2m, make it larger than the average company (£319.2k)
- Direct Lettings (scotland) Limited
£319.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (3.7%)
- Direct Lettings (scotland) Limited
3.7% - Industry AVG
Production
with a gross margin of 70.1%, this company has a comparable cost of product (70.1%)
- Direct Lettings (scotland) Limited
70.1% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (7.3%)
- Direct Lettings (scotland) Limited
7.3% - Industry AVG
Employees
with 13 employees, this is above the industry average (6)
13 - Direct Lettings (scotland) Limited
6 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)
- Direct Lettings (scotland) Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £95.1k, this is equally as efficient (£99.8k)
- Direct Lettings (scotland) Limited
£99.8k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (49 days)
- Direct Lettings (scotland) Limited
49 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Direct Lettings (scotland) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Direct Lettings (scotland) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is less cash available to meet short term requirements (49 weeks)
22 weeks - Direct Lettings (scotland) Limited
49 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.1%, this is a higher level of debt than the average (53.8%)
111.1% - Direct Lettings (scotland) Limited
53.8% - Industry AVG
DIRECT LETTINGS (SCOTLAND) LIMITED financials
Direct Lettings (Scotland) Limited's latest turnover from November 2023 is estimated at £1.2 million and the company has net assets of -£78.3 thousand. According to their latest financial statements, Direct Lettings (Scotland) Limited has 13 employees and maintains cash reserves of £334.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 13 | 11 | 11 | 12 | 14 | 14 | 14 | 14 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 94,352 | 125,803 | 506 | 1,351 | 2,746 | 3,645 | 4,859 | 6,478 | 8,637 | 1,333 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 94,352 | 125,803 | 506 | 1,351 | 2,746 | 3,645 | 4,859 | 6,478 | 8,637 | 1,333 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 164,249 | 207,464 | 107,405 | 90,899 | 20,745 | 16,008 | 7,924 | 7,926 | 18,010 | 13,611 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 13,618 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 113,316 | 83,097 | 4,255 | 15,473 | 10,754 | 17,349 | 7,926 | 8,114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 334,885 | 105,191 | 263,856 | 89,758 | 77,504 | 83,622 | 108,568 | 61,258 | 109,532 | 96,372 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 612,450 | 395,752 | 375,516 | 196,130 | 109,003 | 130,597 | 124,418 | 77,298 | 127,542 | 109,983 | 0 | 0 | 0 | 0 | 0 |
| total assets | 706,802 | 521,555 | 376,022 | 197,481 | 111,749 | 134,242 | 129,277 | 83,776 | 136,179 | 111,316 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 361,617 | 213,990 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 668,712 | 538,964 | 473,289 | 424,888 | 87,623 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 207,641 | 278,671 | 279,472 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 100,530 | 78,293 | 91,027 | 113,224 | 51,446 | 45,402 | 64,150 | 49,693 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 769,242 | 617,257 | 564,316 | 538,112 | 139,069 | 253,043 | 342,821 | 329,165 | 361,617 | 213,990 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 15,810 | 17,614 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,810 | 17,614 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 785,052 | 634,871 | 564,316 | 538,112 | 139,069 | 253,043 | 342,821 | 329,165 | 361,617 | 213,990 | 0 | 0 | 0 | 0 | 0 |
| net assets | -78,250 | -113,316 | -188,294 | -340,631 | -27,320 | -118,801 | -213,544 | -245,389 | -225,438 | -102,674 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | -78,250 | -113,316 | -188,294 | -340,631 | -27,320 | -118,801 | -213,544 | -245,389 | -225,438 | -102,674 | 0 | 0 | 0 | 0 | 0 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 31,451 | 12,804 | 169 | 450 | 899 | 1,214 | 1,619 | 2,159 | 2,880 | 99 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -12,996 | 178,901 | 5,288 | 74,873 | -15,476 | 31,125 | -190 | -1,970 | 4,399 | 13,611 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -361,617 | 147,627 | 213,990 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 22,237 | -12,734 | -22,197 | 61,778 | 6,044 | -18,748 | 14,457 | 49,693 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -1,804 | 17,614 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 129,748 | 65,675 | 48,401 | 337,265 | 87,623 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -207,641 | -71,030 | -801 | 279,472 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 229,694 | -158,665 | 174,098 | 12,254 | -6,118 | -24,946 | 47,310 | -48,274 | 13,160 | 96,372 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 229,694 | -158,665 | 174,098 | 12,254 | -6,118 | -24,946 | 47,310 | -48,274 | 13,160 | 96,372 | 0 | 0 | 0 | 0 | 0 |
direct lettings (scotland) limited Credit Report and Business Information
Direct Lettings (scotland) Limited Competitor Analysis
Perform a competitor analysis for direct lettings (scotland) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in DD1 area or any other competitors across 12 key performance metrics.
direct lettings (scotland) limited Ownership
DIRECT LETTINGS (SCOTLAND) LIMITED group structure
Direct Lettings (Scotland) Limited has no subsidiary companies.
Ultimate parent company
DIRECT LETTINGS (SCOTLAND) LIMITED
SC175211
direct lettings (scotland) limited directors
Direct Lettings (Scotland) Limited currently has 2 directors. The longest serving directors include Mr Ian Fergusson (Oct 2011) and Mrs Laura Weir (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Fergusson | 59 years | Oct 2011 | - | Director | |
| Mrs Laura Weir | 39 years | Aug 2023 | - | Director |
P&L
November 2023turnover
1.2m
-2%
operating profit
35.2k
0%
gross margin
70.2%
-5.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-78.3k
-0.31%
total assets
706.8k
+0.36%
cash
334.9k
+2.18%
net assets
Total assets minus all liabilities
direct lettings (scotland) limited company details
company number
SC175211
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
May 1997
age
28
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
shepherd moveassist ltd (May 2014)
j. & e. shepherd (nominees) limited (October 2011)
accountant
-
auditor
-
address
110 commercial street, dundee, DD1 2AJ
Bank
-
Legal Advisor
-
direct lettings (scotland) 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 direct lettings (scotland) limited.
direct lettings (scotland) 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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direct lettings (scotland) limited Companies House Filings - See Documents
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