Avondale Lettings Limited

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avondale lettings limited Company Information

Live

YoungSmallDeclining

Company Number

SC538427

Next Accounts

Mar 2025

Industry

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

Directors

John McGarry

Shareholders

john mcgarry

Group Structure

View All

Contact

Registered Address

151 kirkintilloch road, bishopbriggs, glasgow, G64 2LS

Website

avondale lettings limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of AVONDALE LETTINGS LIMITED at £6.4m based on a Turnover of £2.6m and 2.48x industry multiple (adjusted for size and gross margin).

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Avondale Lettings Limited is a live company located in glasgow, G64 2LS with a Companies House number of SC538427. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2016, it's largest shareholder is john mcgarry with a 100% stake. Avondale Lettings Limited is a young, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Avondale Lettings Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £2.6m, make it larger than the average company (£832.4k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.3%)

EXPORT

Avondale Lettings Limited's latest turnover from June 2023 is estimated at £2.6 million and the company has net assets of -£23.9 thousand. According to their latest financial statements, Avondale Lettings Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Turnover	2,589,375	2,590,131	2,581,028	2,931,865	4,267,655	4,057,959	2,513,998
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	1,799,576	1,858,171	1,860,878	2,042,324	2,982,406	2,778,056	1,662,894
Gross Profit	789,799	731,960	720,150	889,541	1,285,250	1,279,903	851,104
Admin Expenses	790,806	731,960	720,150	889,541	1,288,961	1,288,423	861,733
Operating Profit	-1,007	0	0	0	-3,711	-8,520	-10,629
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	-1,007	0	0	0	-3,711	-8,520	-10,629
Tax	0	0	0	0	0	0	0
Profit After Tax	-1,007	0	0	0	-3,711	-8,520	-10,629
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-1,007	0	0	0	-3,711	-8,520	-10,629
Employee Costs	31,195	29,888	27,601	28,045	339,154	348,315	231,114
Number Of Employees	1	1	1	1	12	13	9
EBITDA*	-1,007	0	0	0	-3,711	-8,520	-10,629

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Tangible Assets	10,123	11,130	11,130	11,130	11,130	14,841	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	10,123	11,130	11,130	11,130	11,130	14,841	0
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	957,630	957,630	957,630	957,630	957,630	957,630	434,878
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	957,630	957,630	957,630	957,630	957,630	957,630	434,878
total assets	967,753	968,760	968,760	968,760	968,760	972,471	434,878
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	990,780	990,780	990,780	990,780	990,780	990,780	0
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	990,780	990,780	990,780	990,780	990,780	990,780	0
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	840	840	840	840	840	840	0
other liabilities	0	0	0	0	0	0	445,507
provisions	0	0	0	0	0	0	0
total long term liabilities	840	840	840	840	840	840	445,507
total liabilities	991,620	991,620	991,620	991,620	991,620	991,620	445,507
net assets	-23,867	-22,860	-22,860	-22,860	-22,860	-19,149	-10,629
total shareholders funds	-23,867	-22,860	-22,860	-22,860	-22,860	-19,149	-10,629

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Operating Profit	-1,007	0	0	0	-3,711	-8,520	-10,629
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0
Debtors	0	0	0	0	0	522,752	434,878
Creditors	0	0	0	0	0	990,780	0
Accruals and Deferred Income	0	0	0	0	0	840	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	-1,007	0	0	0	-3,711	460,348	-445,507
Investing Activities
capital expenditure	1,007	0	0	0	3,711	-14,841	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	1,007	0	0	0	3,711	-14,841	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-445,507	445,507
share issue	0	0	0	0	0	0	0
interest	0	0	0	0	0	0	0
cash flow from financing	0	0	0	0	0	-445,507	445,507
cash and cash equivalents
cash	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for avondale lettings limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in G64 area or any other competitors across 12 key performance metrics.

AVONDALE LETTINGS LIMITED group structure

Avondale Lettings Limited has no subsidiary companies.

Ultimate parent company

AVONDALE LETTINGS LIMITED

SC538427

AVONDALE LETTINGS LIMITED Shareholders

john mcgarry

100%

Avondale Lettings Limited currently has 1 director, Mr John McGarry serving since Jun 2016.

officer	country	age	start	end	role
Mr John McGarry	Scotland	68 years	Jun 2016	-	Director

P&L

June 2023

turnover

2.6m

operating profit

-1k

gross margin

30.6%

+7.93%

turnover

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

Balance Sheet

June 2023

net assets

-23.9k

+0.04%

total assets

967.8k

cash

net assets

Total assets minus all liabilities

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company number

SC538427

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 2016

ultimate parent company

None

previous names

N/A

address

151 kirkintilloch road, bishopbriggs, glasgow, G64 2LS

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 avondale lettings limited.

avondale lettings limited Company Information

avondale lettings limited Estimated Valuation

avondale lettings limited Estimated Valuation

avondale lettings limited Estimated Valuation

Avondale Lettings Limited Overview

Avondale Lettings Limited Health Check

AVONDALE LETTINGS LIMITED financials

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