lomond property lettings limited

lomond property lettings limited Company Information

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EstablishedSmallDeclining

Company Number

SC373580

Industry

Management of real estate on a fee or contract basis

 

Real estate agencies

 

Shareholders

chianti bidco limited

Group Structure

View All

Contact

Registered Address

1 wemyss place, edinburgh, EH3 6DH

lomond property lettings limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of LOMOND PROPERTY LETTINGS LIMITED at £3.4m based on a Turnover of £1.3m and 2.57x industry multiple (adjusted for size and gross margin).

lomond property lettings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of LOMOND PROPERTY LETTINGS LIMITED at £0 based on an EBITDA of £-7m and a 8.29x industry multiple (adjusted for size and gross margin).

lomond property lettings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of LOMOND PROPERTY LETTINGS LIMITED at £0 based on Net Assets of £-26.5m and 1.97x industry multiple (adjusted for liquidity).

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Lomond Property Lettings Limited Overview

Lomond Property Lettings Limited is a live company located in edinburgh, EH3 6DH with a Companies House number of SC373580. It operates in the real estate agencies sector, SIC Code 68310. Founded in February 2010, it's largest shareholder is chianti bidco limited with a 100% stake. Lomond Property Lettings Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Lomond Property Lettings Limited Health Check

Pomanda's financial health check has awarded Lomond Property Lettings Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £1.3m, make it larger than the average company (£618.4k)

£1.3m - Lomond Property Lettings Limited

£618.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -59%, show it is growing at a slower rate (4.8%)

-59% - Lomond Property Lettings Limited

4.8% - Industry AVG

production

Production

with a gross margin of 88.1%, this company has a comparable cost of product (77.2%)

88.1% - Lomond Property Lettings Limited

77.2% - Industry AVG

profitability

Profitability

an operating margin of -545.1% make it less profitable than the average company (6.5%)

-545.1% - Lomond Property Lettings Limited

6.5% - Industry AVG

employees

Employees

with 81 employees, this is above the industry average (13)

81 - Lomond Property Lettings Limited

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £65.5k, the company has a higher pay structure (£41.5k)

£65.5k - Lomond Property Lettings Limited

£41.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £16.4k, this is less efficient (£95.2k)

£16.4k - Lomond Property Lettings Limited

£95.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 89 days, this is later than average (41 days)

89 days - Lomond Property Lettings Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 780 days, this is slower than average (36 days)

780 days - Lomond Property Lettings Limited

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Lomond Property Lettings Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (44 weeks)

0 weeks - Lomond Property Lettings Limited

44 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 140.5%, this is a higher level of debt than the average (52.9%)

140.5% - Lomond Property Lettings Limited

52.9% - Industry AVG

LOMOND PROPERTY LETTINGS LIMITED financials

EXPORTms excel logo

Lomond Property Lettings Limited's latest turnover from December 2023 is £1.3 million and the company has net assets of -£26.5 million. According to their latest financial statements, Lomond Property Lettings Limited has 81 employees and maintains cash reserves of £304 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Oct 2012Oct 2011Oct 2010
Turnover1,331,00047,0007,00019,907,00022,211,00023,080,00021,596,00018,500,00017,211,00014,209,0008,503,0002,061,9281,115,4510
Other Income Or Grants00000000000000
Cost Of Sales159,00000911,0001,039,0001,671,0001,957,0002,306,0002,284,0001,870,000373,0000760,8960
Gross Profit1,172,00047,0007,00018,996,00021,172,00021,409,00019,639,00016,194,00014,927,00012,339,0008,130,0002,061,928354,5550
Admin Expenses8,428,0006,006,0004,722,00015,926,00026,323,00022,889,00018,524,00014,606,00014,253,00012,531,0008,808,0002,633,810753,2060
Operating Profit-7,256,000-5,959,000-4,715,0003,070,000-5,151,000-1,480,0001,115,0001,588,000674,000-192,000-678,000-571,882-398,6510
Interest Payable0001,410,0001,512,0001,496,0001,356,000584,000843,000690,000588,000239,174133,3490
Interest Receivable00044,00064,00038,00065,00086,00091,00073,00047,0001,2291,3450
Pre-Tax Profit-7,256,000-5,959,000-4,715,0001,704,000-6,599,000-2,938,000-457,0001,090,000-101,000-1,245,000-1,376,000-809,827-530,6550
Tax0-60,000061,000-20,00039,000-9,00074,000-154,00019,00016,000-1,870-6,3410
Profit After Tax-7,256,000-6,019,000-4,715,0001,765,000-6,619,000-2,899,000-466,0001,164,000-255,000-1,226,000-1,360,000-811,697-536,9960
Dividends Paid00000000000000
Retained Profit-7,256,000-6,019,000-4,715,0001,765,000-7,007,000-2,879,000-776,000712,000-592,000-1,420,000-1,518,000-813,914-536,9960
Employee Costs5,306,0004,036,0003,365,00010,058,00010,880,00011,301,00010,587,0009,028,0008,234,0007,184,0004,474,0001,149,153563,6800
Number Of Employees81613533436037939434929828516642270
EBITDA*-6,971,000-5,838,000-4,700,0004,340,000-3,319,0003,420,0002,989,0003,074,0002,009,0001,809,000158,000-362,887-292,5960

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Oct 2012Oct 2011Oct 2010
Tangible Assets729,000578,000142,000433,000409,000590,000885,000728,000784,000958,0001,092,000253,598364,9790
Intangible Assets5,0000015,991,00017,145,00025,139,00028,939,00021,540,00018,285,00019,098,00013,996,0005,736,4902,325,4020
Investments & Other52,198,00042,588,00041,677,00027,00027,00027,00027,00024,00015,00015,0000000
Debtors (Due After 1 year)00000000000172,50000
Total Fixed Assets52,932,00043,166,00041,819,00016,451,00017,581,00025,756,00029,851,00022,292,00019,084,00020,071,00015,088,0006,162,5882,690,3810
Stock & work in progress0009,0002,0001,0004,00011,0007,00017,00014,000000
Trade Debtors325,0008,00010,0001,270,0001,500,0001,496,0001,182,0001,045,000661,000759,000796,000280,522140,4780
Group Debtors11,146,00011,469,00011,846,0000114,000114,000113,000112,000112,000612,00097,00025,58900
Misc Debtors704,000532,000453,000948,0001,194,0001,071,000758,000714,000654,000445,000499,000901,33873,4000
Cash304,000128,0006,530,0002,055,000921,000846,000841,000654,000839,000908,0003,488,0003,104,1701,679,7240
misc current assets00012,728,00013,861,00014,191,00011,765,0008,722,0008,157,0007,742,0002,250,000000
total current assets12,479,00012,137,00018,839,00017,010,00017,592,00017,719,00014,663,00011,258,00010,430,00010,483,0007,144,0004,311,6191,893,6020
total assets65,411,00055,303,00060,658,00033,461,00035,173,00043,475,00044,514,00033,550,00029,514,00030,554,00022,232,00010,474,2074,583,9830
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 340,000448,000311,000668,000745,000812,000739,000670,00026,964,000578,000361,00093,72974,4110
Group/Directors Accounts87,644,00068,745,00067,389,00025,920,00024,760,00024,525,00023,646,00017,323,000016,248,00013,705,0006,262,8223,063,2770
other short term finances0000145,0001,397,0001,735,000856,00001,838,00004,207,0011,684,7100
hp & lease commitments0007,000117,000179,000177,00085,000057,00045,0009,1444,2290
other current liabilities3,891,0005,319,0006,148,00015,230,00015,784,00016,205,00013,803,00010,034,00009,041,0004,121,000493,741123,3660
total current liabilities91,875,00074,512,00073,848,00041,825,00041,551,00043,118,00040,100,00028,968,00026,964,00027,762,00018,232,00011,066,4374,949,9930
loans0000001,050,000376,00055,00000497,50090,0000
hp & lease commitments00007,000119,000214,00094,00051,000111,00099,00022,1785,9850
Accruals and Deferred Income00000000000000
other liabilities0000000000140,000000
provisions000013,00017,00030,00012,00038,00020,00018,00011,78400
total long term liabilities000020,000136,0001,294,000482,000144,000131,000257,000531,46295,9850
total liabilities91,875,00074,512,00073,848,00041,825,00041,571,00043,254,00041,394,00029,450,00027,108,00027,893,00018,489,00011,597,8995,045,9780
net assets-26,464,000-19,209,000-13,190,000-8,364,000-8,520,000-1,513,0001,366,0002,061,0001,349,0001,861,0003,281,000-1,275,909-461,9950
total shareholders funds-26,464,000-19,209,000-13,190,000-8,364,000-8,520,000-1,513,0001,366,0002,061,0001,349,0001,861,0003,281,000-1,275,909-461,9950
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Oct 2012Oct 2011Oct 2010
Operating Activities
Operating Profit-7,256,000-5,959,000-4,715,0003,070,000-5,151,000-1,480,0001,115,0001,588,000674,000-192,000-678,000-571,882-398,6510
Depreciation285,000121,00015,000155,000240,000448,000234,000364,000284,000621,000212,00047,17711,7430
Amortisation0001,115,0001,592,0004,452,0001,640,0001,122,0001,051,0001,380,000624,000161,81894,3120
Tax0-60,000061,000-20,00039,000-9,00074,000-154,00019,00016,000-1,870-6,3410
Stock00-9,0007,0001,000-3,000-7,0004,000-10,0003,00014,000000
Debtors166,000-300,00010,091,000-590,000127,000628,000182,000444,000-389,000424,00012,0511,166,071213,8780
Creditors-108,000137,000-357,000-77,000-67,00073,00069,000-26,294,00026,386,000217,000267,27119,31874,4110
Accruals and Deferred Income-1,428,000-829,000-9,082,000-554,000-421,0002,402,0003,769,00010,034,000-9,041,0004,920,0003,627,259370,375123,3660
Deferred Taxes & Provisions000-13,000-4,000-13,00018,000-26,00018,0002,0006,21611,78400
Cash flow from operations-8,673,000-6,290,000-24,221,0004,340,000-3,959,0005,296,0006,661,000-13,586,00019,617,0006,540,0004,048,695-1,129,351-315,0380
Investing Activities
capital expenditure-441,000-557,00016,267,00000-1,919,000-6,741,000-2,752,000-1,951,000-2,015,000-509,000-3,508,702-2,796,4360
Change in Investments9,610,000911,00041,650,0000003,0009,000015,0000000
cash flow from investments-10,051,000-1,468,000-25,383,00000-1,919,000-6,744,000-2,761,000-1,951,000-2,030,000-509,000-3,508,702-2,796,4360
Financing Activities
Bank loans00000000000000
Group/Directors Accounts18,899,0001,356,00041,469,0001,160,000235,000879,0006,323,00017,323,000-16,248,0002,543,0007,442,1783,199,5453,063,2770
Other Short Term Loans 000-145,000-1,252,000-338,000879,000856,000-1,838,0001,838,000-4,207,0012,522,2911,684,7100
Long term loans00000-1,050,000674,000321,00055,0000-497,500407,50090,0000
Hire Purchase and Lease Commitments00-7,000-117,000-174,000-93,000212,000128,000-117,00024,000112,67821,10810,2140
other long term liabilities000000000-140,000140,000000
share issue1,0000-111,000-1,609,0000081,000080,00006,074,909075,0010
interest000-1,366,000-1,448,000-1,458,000-1,291,000-498,000-752,000-617,000-541,000-237,945-132,0040
cash flow from financing18,900,0001,356,00041,351,000-2,077,000-2,639,000-2,060,0006,878,00018,130,000-18,820,0003,648,0008,524,2645,912,4994,791,1980
cash and cash equivalents
cash176,000-6,402,0004,475,0001,134,00075,0005,000187,000-185,000-69,000-2,580,000383,8301,424,4461,679,7240
overdraft00000000000000
change in cash176,000-6,402,0004,475,0001,134,00075,0005,000187,000-185,000-69,000-2,580,000383,8301,424,4461,679,7240

lomond property lettings limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Lomond Property Lettings Limited Competitor Analysis

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Perform a competitor analysis for lomond property lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in EH3 area or any other competitors across 12 key performance metrics.

lomond property lettings limited Ownership

lomond property lettings limited directors

Lomond Property Lettings Limited currently has 5 directors. The longest serving directors include Mr Stuart Pender (Jul 2010) and Mr Stuart Pender (Jul 2010).

officercountryagestartendrole
Mr Stuart PenderEngland59 years Jul 2010- Director
Mr Stuart PenderScotland59 years Jul 2010- Director
Mr Robert HamiltonEngland60 years Oct 2010- Director
Mr Ian SutherlandEngland54 years Jul 2023- Director
Mr Edward PhillipsEngland46 years Aug 2023- Director

P&L

December 2023

turnover

1.3m

+2732%

operating profit

-7.3m

+22%

gross margin

88.1%

-11.95%

turnover

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

Balance Sheet

December 2023

net assets

-26.5m

+0.38%

total assets

65.4m

+0.18%

cash

304k

+1.38%

net assets

Total assets minus all liabilities

lomond property lettings limited company details

company number

SC373580

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

68310 - Real estate agencies

incorporation date

February 2010

age

14

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

dmws 932 limited (July 2010)

accountant

-

auditor

-

address

1 wemyss place, edinburgh, EH3 6DH

Bank

BANK OF SCOTLAND

Legal Advisor

-

lomond property lettings 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 42 charges/mortgages relating to lomond property lettings limited. Currently there are 14 open charges and 28 have been satisfied in the past.

lomond property lettings 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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lomond property lettings limited Companies House Filings - See Documents

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