simply ire 3 ltd

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simply ire 3 ltd Company Information

Share SIMPLY IRE 3 LTD

Company Number

SC479602

Shareholders

simply investment real estate ltd

Group Structure

View All

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

stewart house pochard way, strathclyde business park, bellshill, ML4 3HB

simply ire 3 ltd Estimated Valuation

£155.7k

Pomanda estimates the enterprise value of SIMPLY IRE 3 LTD at £155.7k based on a Turnover of £47.3k and 3.29x industry multiple (adjusted for size and gross margin).

simply ire 3 ltd Estimated Valuation

£96.9k

Pomanda estimates the enterprise value of SIMPLY IRE 3 LTD at £96.9k based on an EBITDA of £15.1k and a 6.44x industry multiple (adjusted for size and gross margin).

simply ire 3 ltd Estimated Valuation

£449.7k

Pomanda estimates the enterprise value of SIMPLY IRE 3 LTD at £449.7k based on Net Assets of £257.6k and 1.75x industry multiple (adjusted for liquidity).

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Simply Ire 3 Ltd Overview

Simply Ire 3 Ltd is a live company located in bellshill, ML4 3HB with a Companies House number of SC479602. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2014, it's largest shareholder is simply investment real estate ltd with a 100% stake. Simply Ire 3 Ltd is a established, micro sized company, Pomanda has estimated its turnover at £47.3k with declining growth in recent years.

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Simply Ire 3 Ltd Health Check

Pomanda's financial health check has awarded Simply Ire 3 Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £47.3k, make it smaller than the average company (£847.4k)

£47.3k - Simply Ire 3 Ltd

£847.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.8%)

-4% - Simply Ire 3 Ltd

2.8% - Industry AVG

production

Production

with a gross margin of 72.4%, this company has a comparable cost of product (72.4%)

72.4% - Simply Ire 3 Ltd

72.4% - Industry AVG

profitability

Profitability

an operating margin of 31.8% make it as profitable than the average company (27.7%)

31.8% - Simply Ire 3 Ltd

27.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - Simply Ire 3 Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)

£31.9k - Simply Ire 3 Ltd

£31.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £47.3k, this is less efficient (£180.3k)

£47.3k - Simply Ire 3 Ltd

£180.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 45 days, this is later than average (33 days)

45 days - Simply Ire 3 Ltd

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is slower than average (34 days)

39 days - Simply Ire 3 Ltd

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Simply Ire 3 Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (12 weeks)

53 weeks - Simply Ire 3 Ltd

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.6%, this is a lower level of debt than the average (68%)

51.6% - Simply Ire 3 Ltd

68% - Industry AVG

SIMPLY IRE 3 LTD financials

EXPORTms excel logo

Simply Ire 3 Ltd's latest turnover from September 2023 is estimated at £47.3 thousand and the company has net assets of £257.6 thousand. According to their latest financial statements, we estimate that Simply Ire 3 Ltd has 1 employee and maintains cash reserves of £30.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Jun 2015
Turnover47,29289,26975,29453,212128,7182,190,7132,992,9353,098,429
Other Income Or Grants
Cost Of Sales13,06825,45023,12715,34633,462582,4531,017,5181,053,976
Gross Profit34,22463,81952,16737,86695,2561,608,2601,975,4162,044,453
Admin Expenses19,165-34,67726,278-26,471-27,102-35,338154,6071,604,7351,987,3922,058,495
Operating Profit15,05998,49625,88964,33727,10235,338-59,3513,525-11,976-14,042
Interest Payable22,92221,27519,03219,03221,06021,0609,750
Interest Receivable1,5354164
Pre-Tax Profit-6,32777,6376,86245,3056,04214,278-69,1013,525-11,976-14,042
Tax-14,751-1,304-8,608-1,148-2,713-705
Profit After Tax-6,32762,8865,55836,6974,89411,565-69,1012,820-11,976-14,042
Dividends Paid
Retained Profit-6,32762,8865,55836,6974,89411,565-69,1012,820-11,976-14,042
Employee Costs31,92030,64428,40127,76225,96626,600477,989500,758
Number Of Employees1111111819
EBITDA*15,05998,49625,88964,33727,10235,338-59,3513,525-11,976-14,042

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Jun 2015
Tangible Assets390,000390,000487,500487,500487,500487,500487,500487,500487,500487,500
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets390,000390,000487,500487,500487,500487,500487,500487,500487,500487,500
Stock & work in progress
Trade Debtors5,9338,59310,7866,920305,700303,812300,371
Group Debtors106,223103,924363,057
Misc Debtors356,267367,751339,359323,457
Cash30,28628,2028,764
misc current assets
total current assets142,442140,719382,607363,187367,751339,359323,457305,700303,812300,371
total assets532,442530,719870,107850,687855,251826,859810,957793,200791,312787,871
Bank overdraft
Bank loan
Trade Creditors 1,402597580214,704215,636214,261
Group/Directors Accounts243,602
other short term finances
hp & lease commitments
other current liabilities27,85021,2025,444235,201245,692222,194217,857
total current liabilities29,25221,202249,643235,781245,692222,194217,857214,704215,636214,261
loans203,749203,749312,000312,000312,000312,000312,000
hp & lease commitments
Accruals and Deferred Income
other liabilities312,000312,000312,000
provisions41,88441,88452,35552,35583,70583,70583,705
total long term liabilities245,633245,633364,355364,355395,705395,705395,705312,000312,000312,000
total liabilities274,885266,835613,998600,136641,397617,899613,562526,704527,636526,261
net assets257,557263,884256,109250,551213,854208,960197,395266,496263,676261,610
total shareholders funds257,557263,884256,109250,551213,854208,960197,395266,496263,676261,610
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Jun 2015
Operating Activities
Operating Profit15,05998,49625,88964,33727,10235,338-59,3513,525-11,976-14,042
Depreciation
Amortisation
Tax-14,751-1,304-8,608-1,148-2,713-705
Stock
Debtors-361-261,32610,656-4,56428,39215,90217,7571,888303,812300,371
Creditors1,402-59717580-214,704-932215,636214,261
Accruals and Deferred Income6,64815,758-229,757-10,49123,4984,337217,857
Deferred Taxes & Provisions-10,471-31,35083,705
Cash flow from operations23,470349,761-215,81119,03221,06021,0609,750-100,152-100,152
Investing Activities
capital expenditure97,500-487,500-487,500
Change in Investments
cash flow from investments97,500-487,500-487,500
Financing Activities
Bank loans
Group/Directors Accounts-243,602243,602
Other Short Term Loans
Long term loans-108,251312,000
Hire Purchase and Lease Commitments
other long term liabilities-312,000312,000312,000
share issue-55,111275,652275,652
interest-21,387-20,859-19,028-19,032-21,060-21,060-9,750
cash flow from financing-21,387-427,823224,574-19,032-21,060-21,060-9,750587,652587,652
cash and cash equivalents
cash2,08419,4388,764
overdraft
change in cash2,08419,4388,764

simply ire 3 ltd 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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Simply Ire 3 Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for simply ire 3 ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in ML4 area or any other competitors across 12 key performance metrics.

simply ire 3 ltd Ownership

SIMPLY IRE 3 LTD group structure

Simply Ire 3 Ltd has no subsidiary companies.

Ultimate parent company

1 parent

SIMPLY IRE 3 LTD

SC479602

SIMPLY IRE 3 LTD Shareholders

simply investment real estate ltd 100%

simply ire 3 ltd directors

Simply Ire 3 Ltd currently has 2 directors. The longest serving directors include Mr Gary Sharp (Jun 2014) and Mr Christopher O'Brien (Apr 2017).

officercountryagestartendrole
Mr Gary SharpEngland40 years Jun 2014- Director
Mr Christopher O'BrienUnited Kingdom55 years Apr 2017- Director

P&L

September 2023

turnover

47.3k

-47%

operating profit

15.1k

0%

gross margin

72.4%

+1.23%

turnover

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

Balance Sheet

September 2023

net assets

257.6k

-0.02%

total assets

532.4k

0%

cash

30.3k

+0.07%

net assets

Total assets minus all liabilities

simply ire 3 ltd company details

company number

SC479602

Type

Private limited with Share Capital

industry

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

June 2014

age

11

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

cadzow gait ltd (June 2019)

accountant

-

auditor

-

address

stewart house pochard way, strathclyde business park, bellshill, ML4 3HB

Bank

-

Legal Advisor

-

simply ire 3 ltd 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 did not find charges/mortgages relating to simply ire 3 ltd.

simply ire 3 ltd 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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simply ire 3 ltd Companies House Filings - See Documents

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