surplus property investments limited

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surplus property investments limited Company Information

Share SURPLUS PROPERTY INVESTMENTS LIMITED
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EstablishedSmallDeclining

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

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Directors

Francis Colhoun11 Years

Adam Foster11 Years

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Shareholders

surplus property solutions holdings ltd 100%

surplus property investments limited Estimated Valuation

£3.1m

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

£0

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

£10.7m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

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

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

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

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

Employees

with 3 employees, this is below the industry average (4)

3 - Surplus Property Investments Limited

4 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Surplus Property Investments Limited

- - Industry AVG

efficiency

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

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

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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 Shareholders

surplus property solutions holdings ltd 100%

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).

officercountryagestartendrole
Mr Francis ColhounScotland50 years Mar 2013- Director
Mr Adam FosterScotland60 years Mar 2013- Director
Mr Adam FosterScotland60 years Mar 2013- Director
Mr John ColhounScotland52 years Apr 2015- Director

SURPLUS PROPERTY INVESTMENTS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Turnover2,535,90613,197,7945,348,3948,012,157590,693193,41382,52726,9852,548,476976,552
Other Income Or Grants0000000000
Cost Of Sales2,375,82810,402,2323,845,5786,881,631183,04958,79124,9138,901973,621376,432
Gross Profit160,0782,795,5621,502,8161,130,526407,644134,62157,61418,0841,574,855600,120
Admin Expenses479,694474,879558,372665,064986,089-4,386,82915,82089,8311,468,294614,784
Operating Profit-319,6162,320,683944,444465,462-578,4454,521,45041,794-71,747106,561-14,664
Interest Payable296,268264,211276,832139,279161,58159,5400000
Interest Receivable154,752032252141,3662,53510
Pre-Tax Profit-351,8832,254,609742,847383,443-740,0004,462,12543,160-69,212106,562-14,664
Tax-67,480-191,007000-847,804-8,6320-22,3780
Profit After Tax-419,3632,063,602742,847383,443-740,0003,614,32134,528-69,21284,184-14,664
Dividends Paid0000000000
Retained Profit-419,3632,063,602742,847383,443-740,0003,614,32134,528-69,21284,184-14,664
Employee Costs0000062,49331,85532,166399,027179,002
Number Of Employees33334211136
EBITDA*-319,6162,320,683944,444465,462-578,4454,521,45041,794-71,747106,561-14,664

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Tangible Assets0000000000
Intangible Assets0000000000
Investments & Other16,068,1929,666,5345,926,9455,372,5735,109,6955,183,8580000
Debtors (Due After 1 year)0000000000
Total Fixed Assets16,068,1929,666,5345,926,9455,372,5735,109,6955,183,8580000
Stock & work in progress2,473,6924,238,39410,704,81910,154,7807,997,5711,332,426150,00002,504,516939,398
Trade Debtors26,224202,93312,36821,5204,51009,000011,9011,350
Group Debtors952,570300,0001,770,000095,0000052600
Misc Debtors353,176587,1941,330,5455,963322,68200401,14700
Cash3,346,8101,530,727159,6591,601,31906,78078,8841,013,5772460
misc current assets0000000000
total current assets7,152,4726,859,24813,977,39111,783,5828,419,7631,339,206237,8841,415,2502,516,663940,748
total assets23,220,66416,525,78219,904,33617,156,15513,529,4586,523,064237,8841,415,2502,516,663940,748
Bank overdraft000050,51800000
Bank loan1,046,877249,2543,741,2691,854,770130,86995,6040000
Trade Creditors 43,64177,80664,83144,94916,2415,0843,6169,1912,447,043955,312
Group/Directors Accounts5,122,6722,721,8026,726,9008,217,6327,593,5861,010,035170,0001,398,95100
other short term finances1,061,7121,061,712250,000328,500328,50078,5000000
hp & lease commitments0000000000
other current liabilities268,082451,935659,269240,72254,79626,69529,3326,70000
total current liabilities7,542,9844,562,50911,442,26910,686,5738,174,5101,215,918202,9481,414,8422,447,043955,312
loans7,949,5005,596,8324,038,1053,176,8822,445,6911,657,8890000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions269,772267,292388,4150000000
total long term liabilities8,219,2725,864,1244,426,5203,176,8822,445,6911,657,8890000
total liabilities15,762,25610,426,63315,868,78913,863,45510,620,2012,873,807202,9481,414,8422,447,043955,312
net assets7,458,4086,099,1494,035,5473,292,7002,909,2573,649,25734,93640869,620-14,564
total shareholders funds7,458,4086,099,1494,035,5473,292,7002,909,2573,649,25734,93640869,620-14,564
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
Operating Activities
Operating Profit-319,6162,320,683944,444465,462-578,4454,521,45041,794-71,747106,561-14,664
Depreciation0000000000
Amortisation0000000000
Tax-67,480-191,007000-847,804-8,6320-22,3780
Stock-1,764,702-6,466,425550,0392,157,2096,665,1451,182,426150,000-2,504,5161,565,118939,398
Debtors241,843-2,022,7863,085,430-394,709422,192-9,000-392,673389,77210,5511,350
Creditors-34,16512,97519,88228,70811,1571,468-5,575-2,437,8521,491,731955,312
Accruals and Deferred Income-183,853-207,334418,547185,92628,101-2,63722,6326,70000
Deferred Taxes & Provisions2,480-121,123388,4150000000
Cash flow from operations920,22510,303,405-1,864,181-1,082,404-7,626,5242,499,051292,892-388,155245-100
Investing Activities
capital expenditure0000000000
Change in Investments6,401,6583,739,589554,372262,878-74,1635,183,8580000
cash flow from investments-6,401,658-3,739,589-554,372-262,87874,163-5,183,8580000
Financing Activities
Bank loans797,623-3,492,0151,886,4991,723,90135,26595,6040000
Group/Directors Accounts2,400,870-4,005,098-1,490,732624,0466,583,551840,035-1,228,9511,398,95100
Other Short Term Loans 0811,712-78,5000250,00078,5000000
Long term loans2,352,6681,558,727861,223731,191787,8021,657,8890000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue1,778,62200000000100
interest-296,267-209,459-276,832-139,247-161,556-59,3261,3662,53510
cash flow from financing7,033,516-5,336,133901,6582,939,8917,495,0622,612,702-1,227,5851,401,4861100
cash and cash equivalents
cash1,816,0831,371,068-1,441,6601,601,319-6,780-72,104-934,6931,013,3312460
overdraft000-50,51850,51800000
change in cash1,816,0831,371,068-1,441,6601,651,837-57,298-72,104-934,6931,013,3312460

P&L

December 2022

turnover

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 2022

net 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

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.

charges

surplus property investments limited Companies House Filings - See Documents

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