abbey developments (no.2) limited
abbey developments (no.2) limited Company Information
Company Number
SC512210
Next Accounts
May 2025
Industry
Development of building projects
Directors
Shareholders
brian mccole
Group Structure
View All
Contact
Registered Address
505 great western road, glasgow, G12 8HN
Website
-abbey developments (no.2) limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY DEVELOPMENTS (NO.2) LIMITED at £214.6k based on a Turnover of £625.5k and 0.34x industry multiple (adjusted for size and gross margin).
abbey developments (no.2) limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY DEVELOPMENTS (NO.2) LIMITED at £109.8k based on an EBITDA of £42.1k and a 2.61x industry multiple (adjusted for size and gross margin).
abbey developments (no.2) limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY DEVELOPMENTS (NO.2) LIMITED at £241.9k based on Net Assets of £162.9k and 1.49x industry multiple (adjusted for liquidity).
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Abbey Developments (no.2) Limited Overview
Abbey Developments (no.2) Limited is a live company located in glasgow, G12 8HN with a Companies House number of SC512210. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2015, it's largest shareholder is brian mccole with a 100% stake. Abbey Developments (no.2) Limited is a young, small sized company, Pomanda has estimated its turnover at £625.5k with healthy growth in recent years.
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Abbey Developments (no.2) Limited Health Check
Pomanda's financial health check has awarded Abbey Developments (No.2) Limited a 3.5 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
3 Strong
2 Regular
5 Weak
Size
annual sales of £625.5k, make it smaller than the average company (£2.2m)
- Abbey Developments (no.2) Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.2%)
- Abbey Developments (no.2) Limited
3.2% - Industry AVG
Production
with a gross margin of 9.8%, this company has a higher cost of product (26.4%)
- Abbey Developments (no.2) Limited
26.4% - Industry AVG
Profitability
an operating margin of 6.7% make it as profitable than the average company (7.1%)
- Abbey Developments (no.2) Limited
7.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Abbey Developments (no.2) Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.2k, the company has an equivalent pay structure (£48.2k)
- Abbey Developments (no.2) Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £625.5k, this is more efficient (£281.8k)
- Abbey Developments (no.2) Limited
£281.8k - Industry AVG
Debtor Days
it gets paid by customers after 127 days, this is later than average (28 days)
- Abbey Developments (no.2) Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (30 days)
- Abbey Developments (no.2) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Abbey Developments (no.2) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Abbey Developments (no.2) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.4%, this is a lower level of debt than the average (74.5%)
25.4% - Abbey Developments (no.2) Limited
74.5% - Industry AVG
ABBEY DEVELOPMENTS (NO.2) LIMITED financials
Abbey Developments (No.2) Limited's latest turnover from August 2023 is estimated at £625.5 thousand and the company has net assets of £162.9 thousand. According to their latest financial statements, we estimate that Abbey Developments (No.2) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 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 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 1,050,000 | 1,050,000 |
| Trade Debtors | 218,339 | 197,978 | 204,431 | 180,620 | 1,050,000 | 1,050,000 | 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 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 218,339 | 197,978 | 204,431 | 180,620 | 1,050,000 | 1,050,000 | 1,050,000 | 1,050,000 |
| total assets | 218,339 | 197,978 | 204,431 | 180,620 | 1,050,000 | 1,050,000 | 1,050,000 | 1,050,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 34,602 | 35,834 | 19,787 | 30,397 | 1,049,999 | 1,049,999 | 1,049,999 | 0 |
| 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 | 34,602 | 35,834 | 19,787 | 30,397 | 1,049,999 | 1,049,999 | 1,049,999 | 0 |
| 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 | 20,833 | 30,833 | 50,000 | 50,000 | 0 | 0 | 0 | 1,049,999 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 20,833 | 30,833 | 50,000 | 50,000 | 0 | 0 | 0 | 1,049,999 |
| total liabilities | 55,435 | 66,667 | 69,787 | 80,397 | 1,049,999 | 1,049,999 | 1,049,999 | 1,049,999 |
| net assets | 162,904 | 131,311 | 134,644 | 100,223 | 1 | 1 | 1 | 1 |
| total shareholders funds | 162,904 | 131,311 | 134,644 | 100,223 | 1 | 1 | 1 | 1 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -1,050,000 | 0 | 1,050,000 |
| Debtors | 20,361 | -6,453 | 23,811 | -869,380 | 0 | 1,050,000 | 0 | 0 |
| Creditors | -1,232 | 16,047 | -10,610 | -1,019,602 | 0 | 0 | 1,049,999 | 0 |
| 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 | -10,000 | -19,167 | 0 | 50,000 | 0 | 0 | -1,049,999 | 1,049,999 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
abbey developments (no.2) limited Credit Report and Business Information
Abbey Developments (no.2) Limited Competitor Analysis
Perform a competitor analysis for abbey developments (no.2) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in G12 area or any other competitors across 12 key performance metrics.
abbey developments (no.2) limited Ownership
ABBEY DEVELOPMENTS (NO.2) LIMITED group structure
Abbey Developments (No.2) Limited has no subsidiary companies.
Ultimate parent company
ABBEY DEVELOPMENTS (NO.2) LIMITED
SC512210
abbey developments (no.2) limited directors
Abbey Developments (No.2) Limited currently has 1 director, Mr Brian McCole serving since Aug 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian McCole | United Kingdom | 57 years | Aug 2015 | - | Director |
P&L
August 2023turnover
625.5k
+13%
operating profit
42.1k
0%
gross margin
9.8%
+2.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
162.9k
+0.24%
total assets
218.3k
+0.1%
cash
0
0%
net assets
Total assets minus all liabilities
abbey developments (no.2) limited company details
company number
SC512210
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
505 great western road, glasgow, G12 8HN
Bank
-
Legal Advisor
-
abbey developments (no.2) 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 2 charges/mortgages relating to abbey developments (no.2) limited. Currently there are 0 open charges and 2 have been satisfied in the past.
abbey developments (no.2) limited Companies House Filings - See Documents
| date | description | view/download |
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