arete developments limited
arete developments limited Company Information
Company Number
SC319520
Next Accounts
Feb 2025
Shareholders
angus neil mctaggart
andrew greg mctaggart
Group Structure
View All
Industry
Development of building projects
+1Registered Address
81 bowfield road, west kilbride, north ayrshire, KA23 9JZ
Website
http://murchland.co.ukarete developments limited Estimated Valuation
Pomanda estimates the enterprise value of ARETE DEVELOPMENTS LIMITED at £291.1k based on a Turnover of £559.1k and 0.52x industry multiple (adjusted for size and gross margin).
arete developments limited Estimated Valuation
Pomanda estimates the enterprise value of ARETE DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-1.4m and a 3.97x industry multiple (adjusted for size and gross margin).
arete developments limited Estimated Valuation
Pomanda estimates the enterprise value of ARETE DEVELOPMENTS LIMITED at £0 based on Net Assets of £-1.4m and 2.13x industry multiple (adjusted for liquidity).
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Arete Developments Limited Overview
Arete Developments Limited is a dissolved company that was located in north ayrshire, KA23 9JZ with a Companies House number of SC319520. It operated in the development of building projects sector, SIC Code 41100. Founded in March 2007, it's largest shareholder was angus neil mctaggart with a 50% stake. The last turnover for Arete Developments Limited was estimated at £559.1k.
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Arete Developments Limited Health Check
Pomanda's financial health check has awarded Arete Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
5 Weak
Size
annual sales of £559.1k, make it smaller than the average company (£1.2m)
- Arete Developments Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (2.7%)
- Arete Developments Limited
2.7% - Industry AVG
Production
with a gross margin of 27.1%, this company has a comparable cost of product (27.1%)
- Arete Developments Limited
27.1% - Industry AVG
Profitability
an operating margin of -249.1% make it less profitable than the average company (7.8%)
- Arete Developments Limited
7.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (5)
3 - Arete Developments Limited
5 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Arete Developments Limited
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £186.4k, this is equally as efficient (£186.4k)
- Arete Developments Limited
£186.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Arete Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Arete Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Arete Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 119 weeks, this is more cash available to meet short term requirements (17 weeks)
119 weeks - Arete Developments Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25422.9%, this is a higher level of debt than the average (68.5%)
25422.9% - Arete Developments Limited
68.5% - Industry AVG
ARETE DEVELOPMENTS LIMITED financials
Arete Developments Limited's latest turnover from January 2023 is estimated at £559.1 thousand and the company has net assets of -£1.4 million. According to their latest financial statements, Arete Developments Limited has 3 employees and maintains cash reserves of £5.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 7,499 | 192,078 | 212,602 | 216,226 | 195,588 | 112 | 4,365 | 11,144 | 18,092 | 5,337 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 633,137 | 633,137 | 291,137 | 291,137 | 291,137 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 7,499 | 192,078 | 212,602 | 849,363 | 828,725 | 291,249 | 295,502 | 302,281 | 18,092 | 5,337 |
| Stock & work in progress | 0 | 1,578,800 | 1,928,800 | 1,928,800 | 1,928,800 | 1,928,800 | 1,928,800 | 1,928,800 | 1,928,800 | 2,468,800 | 2,758,800 | 2,852,035 | 2,988,300 |
| Trade Debtors | 0 | 0 | 0 | 0 | 100 | 20,654 | 246,713 | 252,989 | 716,289 | 439,546 | 78,230 | 143,013 | 145,001 |
| Group Debtors | 0 | 21,073 | 21,073 | 21,072 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 7,407 | 5,353 | 2,926 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 5,500 | 7,239 | 16,281 | 46,911 | 7,072 | 11,778 | 21,636 | 40,929 | 120,045 | 4,143 | 725 | 17 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,500 | 1,614,519 | 1,971,507 | 1,999,709 | 1,958,972 | 1,961,232 | 2,197,149 | 2,222,718 | 2,765,134 | 2,912,489 | 2,837,755 | 2,995,065 | 3,133,301 |
| total assets | 5,500 | 1,614,519 | 1,971,507 | 2,007,208 | 2,151,050 | 2,173,834 | 3,046,512 | 3,051,443 | 3,056,383 | 3,207,991 | 3,140,036 | 3,013,157 | 3,138,638 |
| Bank overdraft | 0 | 0 | 0 | 0 | 9,631 | 0 | 0 | 0 | 0 | 81,120 | 105,966 | 105,966 | 0 |
| Bank loan | 0 | 0 | 0 | 9,631 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 9,631 | 0 | 1,707 | 32,993 | 154,864 | 2,964,424 | 2,961,314 | 2,889,002 | 2,929,815 | 2,917,862 | 3,150,382 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 2,401 | 6,400 | 5,100 | 9,222 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,401 | 6,400 | 14,731 | 18,853 | 30,999 | 32,993 | 154,864 | 2,964,424 | 2,961,314 | 2,970,122 | 3,035,781 | 3,023,828 | 3,150,382 |
| loans | 0 | 0 | 252,245 | 260,338 | 0 | 0 | 0 | 0 | 0 | 173,788 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 1,395,858 | 1,964,875 | 2,018,084 | 2,000,090 | 0 | 2,346,931 | 3,097,368 | 284,279 | 297,483 | 206,212 | 173,788 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,395,858 | 1,964,875 | 2,270,329 | 2,260,428 | 2,325,498 | 2,346,931 | 3,097,368 | 284,279 | 297,483 | 380,000 | 173,788 | 0 | 0 |
| total liabilities | 1,398,259 | 1,971,275 | 2,285,060 | 2,279,281 | 2,356,497 | 2,379,924 | 3,252,232 | 3,248,703 | 3,258,797 | 3,350,122 | 3,209,569 | 3,023,828 | 3,150,382 |
| net assets | -1,392,759 | -356,756 | -313,553 | -272,073 | -205,447 | -206,090 | -205,720 | -197,260 | -202,414 | -142,131 | -69,533 | -10,671 | -11,744 |
| total shareholders funds | -1,392,759 | -356,756 | -313,553 | -272,073 | -205,447 | -206,090 | -205,720 | -197,260 | -202,414 | -142,131 | -69,533 | -10,671 | -11,744 |
| Jan 2023 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 0 | 0 | 2,500 | 3,523 | 20,524 | 20,036 | 12,274 | 4,046 | 4,253 | 7,003 | 6,947 | 9,534 | 3,962 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||||
| Stock | 0 | -350,000 | 0 | 0 | 0 | 0 | 0 | 0 | -540,000 | -290,000 | -93,235 | -136,265 | 2,988,300 |
| Debtors | 0 | 2,054 | 2,428 | 23,898 | -20,554 | -226,059 | -6,276 | -463,300 | 276,743 | 361,316 | -64,783 | -1,988 | 145,001 |
| Creditors | 0 | -9,631 | 9,631 | -1,707 | -31,286 | -121,871 | -2,809,560 | 3,110 | 72,312 | -40,813 | 11,953 | -232,520 | 3,150,382 |
| Accruals and Deferred Income | 2,401 | 1,300 | -4,122 | 9,222 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 | -633,137 | 0 | 342,000 | 0 | 0 | 291,137 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -9,631 | 9,631 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -252,245 | -8,093 | 260,338 | 0 | 0 | 0 | 0 | -173,788 | 173,788 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,395,858 | -53,209 | 17,994 | 2,000,090 | -2,346,931 | -750,437 | 2,813,089 | -13,204 | 91,271 | 32,424 | 173,788 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 5,500 | -9,042 | -30,630 | 39,839 | -4,706 | -9,858 | -19,293 | -79,116 | 115,902 | 3,418 | 708 | 17 | 0 |
| overdraft | 0 | 0 | 0 | -9,631 | 9,631 | 0 | 0 | 0 | -81,120 | -24,846 | 0 | 105,966 | 0 |
| change in cash | 5,500 | -9,042 | -30,630 | 49,470 | -14,337 | -9,858 | -19,293 | -79,116 | 197,022 | 28,264 | 708 | -105,949 | 0 |
arete developments limited Credit Report and Business Information
Arete Developments Limited Competitor Analysis
Perform a competitor analysis for arete developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in KA23 area or any other competitors across 12 key performance metrics.
arete developments limited Ownership
ARETE DEVELOPMENTS LIMITED group structure
Arete Developments Limited has 2 subsidiary companies.
Ultimate parent company
ARETE DEVELOPMENTS LIMITED
SC319520
2 subsidiaries
arete developments limited directors
Arete Developments Limited currently has 3 directors. The longest serving directors include Mr Angus McTaggart (Mar 2007) and Mr Andrew McTaggart (Mar 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Angus McTaggart | Scotland | 74 years | Mar 2007 | - | Director |
| Mr Andrew McTaggart | Scotland | 53 years | Mar 2007 | - | Director |
| Ms Elizabeth McTaggart | Scotland | 73 years | Mar 2007 | - | Director |
P&L
January 2023turnover
559.1k
0%
operating profit
-1.4m
0%
gross margin
27.1%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-1.4m
0%
total assets
5.5k
0%
cash
5.5k
0%
net assets
Total assets minus all liabilities
arete developments limited company details
company number
SC319520
Type
Private limited with Share Capital
industry
41100 - Development of building projects
43220 - Plumbing, heat and air-conditioning installation
incorporation date
March 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
81 bowfield road, west kilbride, north ayrshire, KA23 9JZ
Bank
-
Legal Advisor
-
arete developments 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 found 10 charges/mortgages relating to arete developments limited. Currently there are 0 open charges and 10 have been satisfied in the past.
arete developments 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.
Click to start generating capital raising & share issue transactions for ARETE DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
arete developments limited Companies House Filings - See Documents
| date | description | view/download |
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