Lets Portal Limited

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lets portal limited Company Information

Company Number

SC321819

Next Accounts

Dec 2025

Directors

Gavin Mitchell

Shareholders

gavin john mitchell

mark edward quinn

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Group Structure

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Industry

Web portals

Registered Address

5 south charlotte street, edinburgh, EH2 4AN

Website

http://lovetoescape.com

lets portal limited Estimated Valuation

£34.6k

Pomanda estimates the enterprise value of LETS PORTAL LIMITED at £34.6k based on a Turnover of £45k and 0.77x industry multiple (adjusted for size and gross margin).

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Lets Portal Limited is a live company located in edinburgh, EH2 4AN with a Companies House number of SC321819. It operates in the web portals sector, SIC Code 63120. Founded in April 2007, it's largest shareholder is gavin john mitchell with a 34.8% stake. Lets Portal Limited is a established, micro sized company, Pomanda has estimated its turnover at £45k with declining growth in recent years.

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Pomanda's financial health check has awarded Lets Portal Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £45k, make it smaller than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (13%)

EXPORT

Lets Portal Limited's latest turnover from March 2024 is estimated at £45 thousand and the company has net assets of -£144.4 thousand. According to their latest financial statements, Lets Portal Limited has 1 employee and maintains cash reserves of £5.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	44,957	67,983	30,360	251,074	68,511	90,167	93,850	70,606	34,998	96,685	52,659	110,345	60,222	26,571	16,073
Other Income Or Grants
Cost Of Sales	18,634	30,763	10,393	76,829	22,555	32,277	33,067	33,201	17,471	40,344	24,516	39,117	20,167	8,748	6,245
Gross Profit	26,323	37,220	19,967	174,245	45,955	57,890	60,783	37,405	17,527	56,341	28,143	71,228	40,055	17,823	9,828
Admin Expenses	39,173	48,770	16,256	59,975	57,557	60,871	60,848	42,462	34,110	78,518	88,675	101,173	57,408	19,617	22,116
Operating Profit	-12,850	-11,550	3,711	114,270	-11,602	-2,981	-65	-5,057	-16,583	-22,177	-60,532	-29,945	-17,353	-1,794	-12,288
Interest Payable	84	72	22	20	6,108	13,118	12,213	5,860	26
Interest Receivable	557	819	160	11	6	80	79	51	103	71	36	52	86	82	32
Pre-Tax Profit	-12,377	-10,804	3,848	114,260	-17,705	-16,020	-12,199	-10,867	-16,506	-22,106	-60,496	-29,893	-17,267	-1,712	-12,256
Tax			-731	-21,709
Profit After Tax	-12,377	-10,804	3,117	92,551	-17,705	-16,020	-12,199	-10,867	-16,506	-22,106	-60,496	-29,893	-17,267	-1,712	-12,256
Dividends Paid
Retained Profit	-12,377	-10,804	3,117	92,551	-17,705	-16,020	-12,199	-10,867	-16,506	-22,106	-60,496	-29,893	-17,267	-1,712	-12,256
Employee Costs	60,577	49,309	45,949	45,974	48,580	48,624	47,024	44,570	41,274	40,375	42,080	84,159	37,976	37,151	37,670
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1
EBITDA*	-12,656	-11,322	4,067	115,295	-9,185	590	7,595	7,018	14,514	24,847	-12,174	-1,774	-9,294	711	-1,015

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,098	1,292	1,520	2,144	3,169	5,586	7,027	11,447	21,984	45,956	73,905	82,732	48,458	7,247	1,779
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,098	1,292	1,520	2,144	3,169	5,586	7,027	11,447	21,984	45,956	73,905	82,732	48,458	7,247	1,779
Stock & work in progress
Trade Debtors	275		502	60,531					139		177	4,031	3,218	1,065	42
Group Debtors
Misc Debtors	6,337	5,974	2,192				238	537				4,741
Cash	5,764	15,463	23,062	19,489	1,725	9,273	11,949	19,794	20,740	20,580	7,712	6,641	14,152	20,162	12,714
misc current assets
total current assets	12,376	21,437	25,756	80,020	1,725	9,273	12,187	20,331	20,879	20,580	7,889	15,413	17,370	21,227	12,756
total assets	13,474	22,729	27,276	82,164	4,894	14,859	19,214	31,778	42,863	66,536	81,794	98,145	65,828	28,474	14,535
Bank overdraft	744	753	659		655	713	810	557	811
Bank loan
Trade Creditors	1,192	293	195	76,472	511	892	258	796	2,030	45,139	55,033	159,172	96,459	42,341	26,690
Group/Directors Accounts													503
other short term finances
hp & lease commitments
other current liabilities	22,106	22,530	19,061		13,188	13,572	13,085	15,267	27,411
total current liabilities	24,042	23,576	19,915	76,472	14,354	15,177	14,153	16,620	30,252	45,139	55,033	159,172	96,962	42,341	26,690
loans						198,903	188,262	186,160
hp & lease commitments
Accruals and Deferred Income
other liabilities	133,871	131,215	128,619	130,067	207,466				172,746	165,026	148,284
provisions
total long term liabilities	133,871	131,215	128,619	130,067	207,466	198,903	188,262	186,160	172,746	165,026	148,284
total liabilities	157,913	154,791	148,534	206,539	221,820	214,080	202,415	202,780	202,998	210,165	203,317	159,172	96,962	42,341	26,690
net assets	-144,439	-132,062	-121,258	-124,375	-216,926	-199,221	-183,201	-171,002	-160,135	-143,629	-121,523	-61,027	-31,134	-13,867	-12,155
total shareholders funds	-144,439	-132,062	-121,258	-124,375	-216,926	-199,221	-183,201	-171,002	-160,135	-143,629	-121,523	-61,027	-31,134	-13,867	-12,155

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-12,850	-11,550	3,711	114,270	-11,602	-2,981	-65	-5,057	-16,583	-22,177	-60,532	-29,945	-17,353	-1,794	-12,288
Depreciation	194	228	356	1,025	2,417	3,571	7,660	12,075	31,097	47,024	48,358	28,171	8,059	2,505	11,273
Amortisation
Tax			-731	-21,709
Stock
Debtors	638	3,280	-57,837	60,531		-238	-299	398	139	-177	-8,595	5,554	2,153	1,023	42
Creditors	899	98	-76,277	75,961	-381	634	-538	-1,234	-43,109	-9,894	-104,139	62,713	54,118	15,651	26,690
Accruals and Deferred Income	-424	3,469	19,061	-13,188	-384	487	-2,182	-12,144	27,411
Deferred Taxes & Provisions
Cash flow from operations	-12,819	-11,035	3,957	95,828	-9,950	1,949	5,174	-6,758	-1,323	15,130	-107,718	55,385	42,671	15,339	25,633
Investing Activities
capital expenditure			268			-2,130	-3,240	-1,538	-7,125	-19,075	-39,531	-62,445	-49,270	-7,973	-13,052
Change in Investments
cash flow from investments			268			-2,130	-3,240	-1,538	-7,125	-19,075	-39,531	-62,445	-49,270	-7,973	-13,052
Financing Activities
Bank loans
Group/Directors Accounts												-503	503
Other Short Term Loans
Long term loans					-198,903	10,641	2,102	186,160
Hire Purchase and Lease Commitments
other long term liabilities	2,656	2,596	-1,448	-77,399	207,466			-172,746	7,720	16,742	148,284
share issue															101
interest	473	747	138	-9	-6,102	-13,038	-12,134	-5,809	77	71	36	52	86	82	32
cash flow from financing	3,129	3,343	-1,310	-77,408	2,461	-2,397	-10,032	7,605	7,797	16,813	148,320	-451	589	82	133
cash and cash equivalents
cash	-9,699	-7,599	3,573	17,764	-7,548	-2,676	-7,845	-946	160	12,868	1,071	-7,511	-6,010	7,448	12,714
overdraft	-9	94	659	-655	-58	-97	253	-254	811
change in cash	-9,690	-7,693	2,914	18,419	-7,490	-2,579	-8,098	-692	-651	12,868	1,071	-7,511	-6,010	7,448	12,714

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LETS PORTAL LIMITED group structure

Lets Portal Limited has no subsidiary companies.

Ultimate parent company

LETS PORTAL LIMITED

SC321819

LETS PORTAL LIMITED Shareholders

gavin john mitchell	34.77%
mark edward quinn	20.09%
deborah patricia quinn	20.09%
robert james shephard	6.74%
emma jane shephard	6.74%
sharon jane campbell	5.43%
jan-pieter atsma	5%
eric douglas kintigh	1.15%

Lets Portal Limited currently has 1 director, Mr Gavin Mitchell serving since Apr 2007.

officer	country	age	start	end	role
Mr Gavin Mitchell	Scotland	65 years	Apr 2007	-	Director

P&L

March 2024

turnover

45k

-34%

operating profit

-12.9k

gross margin

58.6%

+6.94%

turnover

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

Balance Sheet

March 2024

net assets

-144.4k

+0.09%

total assets

13.5k

-0.41%

cash

5.8k

-0.63%

net assets

Total assets minus all liabilities

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company number

SC321819

Type

Private limited with Share Capital

industry

63120 - Web portals

incorporation date

April 2007

ultimate parent company

None

previous names

N/A

address

5 south charlotte street, edinburgh, EH2 4AN

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lets portal limited Company Information

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lets portal limited Estimated Valuation

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