hemmings lettings ltd
hemmings lettings ltd Company Information
Company Number
SC510048
Next Accounts
Apr 2025
Shareholders
craig hemmings
heather hemmings
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
c/o watson & co oakfield house, 376-378 brandon street, motherwell, ML1 1XA
Website
-hemmings lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of HEMMINGS LETTINGS LTD at £239.6k based on a Turnover of £103.6k and 2.31x industry multiple (adjusted for size and gross margin).
hemmings lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of HEMMINGS LETTINGS LTD at £0 based on an EBITDA of £-5.1k and a 4.64x industry multiple (adjusted for size and gross margin).
hemmings lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of HEMMINGS LETTINGS LTD at £2.6k based on Net Assets of £1.5k and 1.76x industry multiple (adjusted for liquidity).
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Hemmings Lettings Ltd Overview
Hemmings Lettings Ltd is a live company located in motherwell, ML1 1XA with a Companies House number of SC510048. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2015, it's largest shareholder is craig hemmings with a 50% stake. Hemmings Lettings Ltd is a established, micro sized company, Pomanda has estimated its turnover at £103.6k with low growth in recent years.
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Hemmings Lettings Ltd Health Check
Pomanda's financial health check has awarded Hemmings Lettings Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £103.6k, make it smaller than the average company (£830.9k)
- Hemmings Lettings Ltd
£830.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.4%)
- Hemmings Lettings Ltd
2.4% - Industry AVG
Production
with a gross margin of 28.6%, this company has a higher cost of product (72.5%)
- Hemmings Lettings Ltd
72.5% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (25.2%)
- Hemmings Lettings Ltd
25.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Hemmings Lettings Ltd
4 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Hemmings Lettings Ltd
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £51.8k, this is less efficient (£175.4k)
- Hemmings Lettings Ltd
£175.4k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (32 days)
- Hemmings Lettings Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 147 days, this is slower than average (35 days)
- Hemmings Lettings Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hemmings Lettings Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hemmings Lettings Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.3%, this is a higher level of debt than the average (67.9%)
95.3% - Hemmings Lettings Ltd
67.9% - Industry AVG
HEMMINGS LETTINGS LTD financials
Hemmings Lettings Ltd's latest turnover from July 2023 is estimated at £103.6 thousand and the company has net assets of £1.5 thousand. According to their latest financial statements, Hemmings Lettings Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 3 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,100 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,100 | 9,000 | 9,000 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,213 | 20,569 | 32,954 | 25,085 | 13,078 | 1,489 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 722 | 8,517 | 4,791 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,213 | 20,569 | 32,954 | 25,085 | 13,078 | 2,211 | 8,517 | 4,791 |
| total assets | 31,313 | 29,569 | 41,954 | 25,085 | 13,078 | 2,211 | 8,517 | 4,791 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 29,845 | 23,013 | 19,594 | 10,762 | 5,805 | 5,121 | 10,927 | 7,053 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 29,845 | 23,013 | 19,594 | 10,762 | 5,805 | 5,121 | 10,927 | 7,053 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 29,845 | 23,013 | 19,594 | 10,762 | 5,805 | 5,121 | 10,927 | 7,053 |
| net assets | 1,468 | 6,556 | 22,360 | 14,323 | 7,273 | -2,910 | -2,410 | -2,262 |
| total shareholders funds | 1,468 | 6,556 | 22,360 | 14,323 | 7,273 | -2,910 | -2,410 | -2,262 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,644 | -12,385 | 7,869 | 12,007 | 11,589 | 1,489 | 0 | 0 |
| Creditors | 6,832 | 3,419 | 8,832 | 4,957 | 684 | -5,806 | 3,874 | 7,053 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | -722 | -7,795 | 3,726 | 4,791 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -722 | -7,795 | 3,726 | 4,791 |
hemmings lettings ltd Credit Report and Business Information
Hemmings Lettings Ltd Competitor Analysis
Perform a competitor analysis for hemmings lettings ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in ML1 area or any other competitors across 12 key performance metrics.
hemmings lettings ltd Ownership
HEMMINGS LETTINGS LTD group structure
Hemmings Lettings Ltd has no subsidiary companies.
Ultimate parent company
HEMMINGS LETTINGS LTD
SC510048
hemmings lettings ltd directors
Hemmings Lettings Ltd currently has 2 directors. The longest serving directors include Mrs Heather Hemmings (May 2017) and Mr Craig Hemmings (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Heather Hemmings | United Kingdom | 68 years | May 2017 | - | Director |
| Mr Craig Hemmings | United Kingdom | 40 years | Apr 2024 | - | Director |
P&L
July 2023turnover
103.6k
-6%
operating profit
-5.1k
0%
gross margin
28.6%
+3.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.5k
-0.78%
total assets
31.3k
+0.06%
cash
0
0%
net assets
Total assets minus all liabilities
hemmings lettings ltd company details
company number
SC510048
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
July 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
c/o watson & co oakfield house, 376-378 brandon street, motherwell, ML1 1XA
Bank
-
Legal Advisor
-
hemmings lettings 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 hemmings lettings ltd.
hemmings lettings 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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hemmings lettings ltd Companies House Filings - See Documents
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