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
73 dunnikier road, kirkcaldy, KY1 2RL
Website
-
simply ire 2 ltdEstimated Valuation
£135.1k
Pomanda estimates the enterprise value of SIMPLY IRE 2 LTD at £135.1k based on a Turnover of £40.9k and 3.3x industry multiple (adjusted for size and gross margin).
simply ire 2 ltdEstimated Valuation
£157.4k
Pomanda estimates the enterprise value of SIMPLY IRE 2 LTD at £157.4k based on an EBITDA of £24.4k and a 6.46x industry multiple (adjusted for size and gross margin).
simply ire 2 ltdEstimated Valuation
£825.2k
Pomanda estimates the enterprise value of SIMPLY IRE 2 LTD at £825.2k based on Net Assets of £472.6k and 1.75x industry multiple (adjusted for liquidity).
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Simply Ire 2 LtdOverview
Simply Ire 2 Ltd is a live company located in kirkcaldy, KY1 2RL with a Companies House number of SC484719. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2014, it's largest shareholder is
simply investment real estate ltd
with a 100% stake. Simply Ire 2 Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£40.9k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Simply Ire 2 Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £40.9k, make it smaller than the average company (£847k)
£40.9k - Simply Ire 2 Ltd
£847k - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (2.8%)
70% - Simply Ire 2 Ltd
2.8% - Industry AVG
Production
with a gross margin of 72.5%, this company has a comparable cost of product (72.5%)
72.5% - Simply Ire 2 Ltd
72.5% - Industry AVG
Profitability
an operating margin of 59.6% make it more profitable than the average company (27.8%)
59.6% - Simply Ire 2 Ltd
27.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Simply Ire 2 Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
£31.9k - Simply Ire 2 Ltd
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £40.9k, this is less efficient (£180.6k)
£40.9k - Simply Ire 2 Ltd
£180.6k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (33 days)
46 days - Simply Ire 2 Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (34 days)
27 days - Simply Ire 2 Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Simply Ire 2 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 66 weeks, this is more cash available to meet short term requirements (12 weeks)
66 weeks - Simply Ire 2 Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.9%, this is a lower level of debt than the average (68%)
23.9% - Simply Ire 2 Ltd
68% - Industry AVG
SIMPLY IRE 2 LTD financials
EXPORT
Simply Ire 2 Ltd's latest turnover from September 2023 is estimated at £40.9 thousand and the company has net assets of £472.6 thousand. According to their latest financial statements, we estimate that Simply Ire 2 Ltd has 1 employee and maintains cash reserves of £72.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Aug 2015
Turnover
40,899
52,870
31,336
8,317
289,447
257,445
1,653,438
2,188,775
2,287,651
Other Income Or Grants
Cost Of Sales
11,260
15,060
9,609
2,398
79,584
66,923
439,606
744,020
761,437
Gross Profit
29,639
37,810
21,727
5,919
209,863
190,523
1,213,832
1,444,755
1,526,214
Admin Expenses
5,269
8,575
-9,867
66,519
-758
208,949
209,720
1,214,084
1,446,811
1,529,066
Operating Profit
24,370
29,235
31,594
-60,600
758
914
-19,197
-252
-2,056
-2,852
Interest Payable
Interest Receivable
2,925
570
6
Pre-Tax Profit
27,295
29,805
31,600
-60,600
758
914
-19,197
-252
-2,056
-2,852
Tax
-6,824
-5,663
-6,004
-144
-174
Profit After Tax
20,471
24,142
25,596
-60,600
614
740
-19,197
-252
-2,056
-2,852
Dividends Paid
Retained Profit
20,471
24,142
25,596
-60,600
614
740
-19,197
-252
-2,056
-2,852
Employee Costs
31,920
30,644
28,401
27,762
54,761
51,985
53,200
371,769
364,000
Number Of Employees
1
1
1
1
2
2
2
14
14
EBITDA*
24,370
29,235
31,594
-60,600
758
914
-19,197
-252
-2,056
-2,852
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Aug 2015
Tangible Assets
543,150
543,150
543,150
543,150
543,150
543,150
165,000
165,000
165,000
165,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
543,150
543,150
543,150
543,150
543,150
543,150
165,000
165,000
165,000
165,000
Stock & work in progress
Trade Debtors
5,169
7,140
4,436
1,093
213,769
210,786
210,270
Group Debtors
220,171
Misc Debtors
220,171
220,211
217,061
216,121
Cash
72,588
38,833
11,800
2
misc current assets
total current assets
77,757
45,973
236,407
221,266
220,211
217,061
216,121
213,769
210,786
210,270
total assets
620,907
589,123
779,557
764,416
763,361
760,211
381,121
378,769
375,786
375,270
Bank overdraft
Bank loan
Trade Creditors
853
638
700
1
276,075
272,840
273,120
Group/Directors Accounts
32,884
32,884
253,057
other short term finances
hp & lease commitments
other current liabilities
22,761
11,663
6,004
270,215
280,410
277,874
277,674
total current liabilities
56,498
45,185
259,761
270,216
280,410
277,874
277,674
276,075
272,840
273,120
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
91,799
91,799
91,799
91,799
91,799
91,799
19,950
total long term liabilities
91,799
91,799
91,799
91,799
91,799
91,799
19,950
total liabilities
148,297
136,984
351,560
362,015
372,209
369,673
297,624
276,075
272,840
273,120
net assets
472,610
452,139
427,997
402,401
391,152
390,538
83,497
102,694
102,946
102,150
total shareholders funds
472,610
452,139
427,997
402,401
391,152
390,538
83,497
102,694
102,946
102,150
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Aug 2015
Operating Activities
Operating Profit
24,370
29,235
31,594
-60,600
758
914
-19,197
-252
-2,056
-2,852
Depreciation
Amortisation
Tax
-6,824
-5,663
-6,004
-144
-174
Stock
Debtors
-1,971
-217,467
3,343
1,053
3,150
940
2,352
2,983
210,786
210,270
Creditors
215
-62
699
1
-276,075
3,235
272,840
273,120
Accruals and Deferred Income
11,098
5,659
-264,211
-10,195
2,536
200
277,674
Deferred Taxes & Provisions
71,849
19,950
Cash flow from operations
30,830
246,636
-241,265
-71,847
71,849
59,998
59,998
Investing Activities
capital expenditure
-378,150
-165,000
-165,000
Change in Investments
cash flow from investments
-378,150
-165,000
-165,000
Financing Activities
Bank loans
Group/Directors Accounts
-220,173
253,057
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
71,849
306,301
105,002
105,002
interest
2,925
570
6
cash flow from financing
2,925
-219,603
253,063
71,849
306,301
105,002
105,002
cash and cash equivalents
cash
33,755
27,033
11,798
2
overdraft
change in cash
33,755
27,033
11,798
2
simply ire 2 ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for simply ire 2 ltd. Get real-time insights into simply ire 2 ltd's credit score, group structure and payment trends.
Perform a competitor analysis for simply ire 2 ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in KY1 area or any other competitors across 12 key performance metrics.
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 2 ltd.
simply ire 2 ltd Capital Raised & Share Issues BETA
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simply ire 2 ltdCompanies House Filings - See Documents
