surplus property investments limited Company Information
Company Number
SC445128
Registered Address
15 north claremont street, glasgow, G3 7NR
Industry
Buying and selling of own real estate
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
02033228898
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
surplus property solutions holdings ltd 100%
surplus property investments limited Estimated Valuation
Pomanda estimates the enterprise value of SURPLUS PROPERTY INVESTMENTS LIMITED at £3.1m based on a Turnover of £2.5m and 1.24x industry multiple (adjusted for size and gross margin).
surplus property investments limited Estimated Valuation
Pomanda estimates the enterprise value of SURPLUS PROPERTY INVESTMENTS LIMITED at £0 based on an EBITDA of £-319.6k and a 3.23x industry multiple (adjusted for size and gross margin).
surplus property investments limited Estimated Valuation
Pomanda estimates the enterprise value of SURPLUS PROPERTY INVESTMENTS LIMITED at £10.7m based on Net Assets of £7.5m and 1.43x industry multiple (adjusted for liquidity).
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Surplus Property Investments Limited Overview
Surplus Property Investments Limited is a live company located in glasgow, G3 7NR with a Companies House number of SC445128. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 2013, it's largest shareholder is surplus property solutions holdings ltd with a 100% stake. Surplus Property Investments Limited is a established, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Surplus Property Investments Limited Health Check
Pomanda's financial health check has awarded Surplus Property Investments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £2.5m, make it larger than the average company (£916.1k)
£2.5m - Surplus Property Investments Limited
£916.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (1.4%)
-32% - Surplus Property Investments Limited
1.4% - Industry AVG
Production
with a gross margin of 6.3%, this company has a higher cost of product (70.1%)
6.3% - Surplus Property Investments Limited
70.1% - Industry AVG
Profitability
an operating margin of -12.6% make it less profitable than the average company (39.2%)
-12.6% - Surplus Property Investments Limited
39.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Surplus Property Investments Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Surplus Property Investments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £845.3k, this is more efficient (£188.2k)
£845.3k - Surplus Property Investments Limited
£188.2k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (30 days)
3 days - Surplus Property Investments Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (34 days)
6 days - Surplus Property Investments Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 380 days, this is more than average (245 days)
380 days - Surplus Property Investments Limited
245 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (10 weeks)
23 weeks - Surplus Property Investments Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.9%, this is a similar level of debt than the average (66.5%)
67.9% - Surplus Property Investments Limited
66.5% - Industry AVG
surplus property investments limited Credit Report and Business Information
Surplus Property Investments Limited Competitor Analysis
Perform a competitor analysis for surplus property investments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
surplus property investments limited Ownership
SURPLUS PROPERTY INVESTMENTS LIMITED group structure
Surplus Property Investments Limited has no subsidiary companies.
Ultimate parent company
1 parent
SURPLUS PROPERTY INVESTMENTS LIMITED
SC445128
surplus property investments limited directors
Surplus Property Investments Limited currently has 4 directors. The longest serving directors include Mr Francis Colhoun (Mar 2013) and Mr Adam Foster (Mar 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Francis Colhoun | Scotland | 50 years | Mar 2013 | - | Director |
Mr Adam Foster | Scotland | 60 years | Mar 2013 | - | Director |
Mr Adam Foster | Scotland | 60 years | Mar 2013 | - | Director |
Mr John Colhoun | Scotland | 52 years | Apr 2015 | - | Director |
SURPLUS PROPERTY INVESTMENTS LIMITED financials
Surplus Property Investments Limited's latest turnover from December 2022 is £2.5 million and the company has net assets of £7.5 million. According to their latest financial statements, Surplus Property Investments Limited has 3 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Turnover | 2,535,906 | 13,197,794 | 5,348,394 | 8,012,157 | ||||||
Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||
Cost Of Sales | 2,375,828 | 10,402,232 | 3,845,578 | 6,881,631 | ||||||
Gross Profit | 160,078 | 2,795,562 | 1,502,816 | 1,130,526 | ||||||
Admin Expenses | 479,694 | 474,879 | 558,372 | 665,064 | ||||||
Operating Profit | -319,616 | 2,320,683 | 944,444 | 465,462 | ||||||
Interest Payable | 296,268 | 264,211 | 276,832 | 139,279 | ||||||
Interest Receivable | 1 | 54,752 | 0 | 32 | ||||||
Pre-Tax Profit | -351,883 | 2,254,609 | 742,847 | 383,443 | ||||||
Tax | -67,480 | -191,007 | 0 | 0 | ||||||
Profit After Tax | -419,363 | 2,063,602 | 742,847 | 383,443 | ||||||
Dividends Paid | 0 | 0 | 0 | 0 | ||||||
Retained Profit | -419,363 | 2,063,602 | 742,847 | 383,443 | ||||||
Employee Costs | 0 | 0 | 0 | 0 | 0 | |||||
Number Of Employees | 3 | 3 | 3 | 3 | ||||||
EBITDA* | -319,616 | 2,320,683 | 944,444 | 465,462 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 16,068,192 | 9,666,534 | 5,926,945 | 5,372,573 | 5,109,695 | 5,183,858 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 16,068,192 | 9,666,534 | 5,926,945 | 5,372,573 | 5,109,695 | 5,183,858 | 0 | 0 | 0 | 0 |
Stock & work in progress | 2,473,692 | 4,238,394 | 10,704,819 | 10,154,780 | 7,997,571 | 1,332,426 | 150,000 | 0 | 2,504,516 | 939,398 |
Trade Debtors | 26,224 | 202,933 | 12,368 | 21,520 | 4,510 | 0 | 9,000 | 0 | 11,901 | 1,350 |
Group Debtors | 952,570 | 300,000 | 1,770,000 | 0 | 95,000 | 0 | 0 | 526 | 0 | 0 |
Misc Debtors | 353,176 | 587,194 | 1,330,545 | 5,963 | 322,682 | 0 | 0 | 401,147 | 0 | 0 |
Cash | 3,346,810 | 1,530,727 | 159,659 | 1,601,319 | 0 | 6,780 | 78,884 | 1,013,577 | 246 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 7,152,472 | 6,859,248 | 13,977,391 | 11,783,582 | 8,419,763 | 1,339,206 | 237,884 | 1,415,250 | 2,516,663 | 940,748 |
total assets | 23,220,664 | 16,525,782 | 19,904,336 | 17,156,155 | 13,529,458 | 6,523,064 | 237,884 | 1,415,250 | 2,516,663 | 940,748 |
Bank overdraft | 0 | 0 | 0 | 0 | 50,518 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 1,046,877 | 249,254 | 3,741,269 | 1,854,770 | 130,869 | 95,604 | 0 | 0 | 0 | 0 |
Trade Creditors | 43,641 | 77,806 | 64,831 | 44,949 | 16,241 | 5,084 | 3,616 | 9,191 | 2,447,043 | 955,312 |
Group/Directors Accounts | 5,122,672 | 2,721,802 | 6,726,900 | 8,217,632 | 7,593,586 | 1,010,035 | 170,000 | 1,398,951 | 0 | 0 |
other short term finances | 1,061,712 | 1,061,712 | 250,000 | 328,500 | 328,500 | 78,500 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 268,082 | 451,935 | 659,269 | 240,722 | 54,796 | 26,695 | 29,332 | 6,700 | 0 | 0 |
total current liabilities | 7,542,984 | 4,562,509 | 11,442,269 | 10,686,573 | 8,174,510 | 1,215,918 | 202,948 | 1,414,842 | 2,447,043 | 955,312 |
loans | 7,949,500 | 5,596,832 | 4,038,105 | 3,176,882 | 2,445,691 | 1,657,889 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 269,772 | 267,292 | 388,415 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 8,219,272 | 5,864,124 | 4,426,520 | 3,176,882 | 2,445,691 | 1,657,889 | 0 | 0 | 0 | 0 |
total liabilities | 15,762,256 | 10,426,633 | 15,868,789 | 13,863,455 | 10,620,201 | 2,873,807 | 202,948 | 1,414,842 | 2,447,043 | 955,312 |
net assets | 7,458,408 | 6,099,149 | 4,035,547 | 3,292,700 | 2,909,257 | 3,649,257 | 34,936 | 408 | 69,620 | -14,564 |
total shareholders funds | 7,458,408 | 6,099,149 | 4,035,547 | 3,292,700 | 2,909,257 | 3,649,257 | 34,936 | 408 | 69,620 | -14,564 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | -319,616 | 2,320,683 | 944,444 | 465,462 | ||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -67,480 | -191,007 | 0 | 0 | ||||||
Stock | -1,764,702 | -6,466,425 | 550,039 | 2,157,209 | 6,665,145 | 1,182,426 | 150,000 | -2,504,516 | 1,565,118 | 939,398 |
Debtors | 241,843 | -2,022,786 | 3,085,430 | -394,709 | 422,192 | -9,000 | -392,673 | 389,772 | 10,551 | 1,350 |
Creditors | -34,165 | 12,975 | 19,882 | 28,708 | 11,157 | 1,468 | -5,575 | -2,437,852 | 1,491,731 | 955,312 |
Accruals and Deferred Income | -183,853 | -207,334 | 418,547 | 185,926 | 28,101 | -2,637 | 22,632 | 6,700 | 0 | 0 |
Deferred Taxes & Provisions | 2,480 | -121,123 | 388,415 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 920,225 | 10,303,405 | -1,864,181 | -1,082,404 | ||||||
Investing Activities | ||||||||||
capital expenditure | ||||||||||
Change in Investments | 6,401,658 | 3,739,589 | 554,372 | 262,878 | -74,163 | 5,183,858 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 797,623 | -3,492,015 | 1,886,499 | 1,723,901 | 35,265 | 95,604 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 2,400,870 | -4,005,098 | -1,490,732 | 624,046 | 6,583,551 | 840,035 | -1,228,951 | 1,398,951 | 0 | 0 |
Other Short Term Loans | 0 | 811,712 | -78,500 | 0 | 250,000 | 78,500 | 0 | 0 | 0 | 0 |
Long term loans | 2,352,668 | 1,558,727 | 861,223 | 731,191 | 787,802 | 1,657,889 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | -296,267 | -209,459 | -276,832 | -139,247 | ||||||
cash flow from financing | 7,033,516 | -5,336,133 | 901,658 | 2,939,891 | ||||||
cash and cash equivalents | ||||||||||
cash | 1,816,083 | 1,371,068 | -1,441,660 | 1,601,319 | -6,780 | -72,104 | -934,693 | 1,013,331 | 246 | 0 |
overdraft | 0 | 0 | 0 | -50,518 | 50,518 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,816,083 | 1,371,068 | -1,441,660 | 1,651,837 | -57,298 | -72,104 | -934,693 | 1,013,331 | 246 | 0 |
P&L
December 2022turnover
2.5m
-81%
operating profit
-319.6k
-114%
gross margin
6.4%
-70.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.5m
+0.22%
total assets
23.2m
+0.41%
cash
3.3m
+1.19%
net assets
Total assets minus all liabilities
surplus property investments limited company details
company number
SC445128
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
March 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
lake district dryer company limited (November 2018)
coralpeak limited (February 2016)
incorporated
UK
address
15 north claremont street, glasgow, G3 7NR
last accounts submitted
December 2022
surplus property investments 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 surplus property investments limited. Currently there are 35 open charges and 7 have been satisfied in the past.
surplus property investments limited Companies House Filings - See Documents
date | description | view/download |
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