tay letting east ltd
tay letting east ltd Company Information
Company Number
SC582568
Next Accounts
Sep 2025
Shareholders
d j alexander lettings limited
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
1 wemyss place, edinburgh, EH3 6DH
Website
tayletting.co.uktay letting east ltd Estimated Valuation
Pomanda estimates the enterprise value of TAY LETTING EAST LTD at £164.2k based on a Turnover of £105.5k and 1.56x industry multiple (adjusted for size and gross margin).
tay letting east ltd Estimated Valuation
Pomanda estimates the enterprise value of TAY LETTING EAST LTD at £310.5k based on an EBITDA of £75.7k and a 4.1x industry multiple (adjusted for size and gross margin).
tay letting east ltd Estimated Valuation
Pomanda estimates the enterprise value of TAY LETTING EAST LTD at £100.7k based on Net Assets of £55.4k and 1.82x industry multiple (adjusted for liquidity).
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Tay Letting East Ltd Overview
Tay Letting East Ltd is a live company located in edinburgh, EH3 6DH with a Companies House number of SC582568. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in November 2017, it's largest shareholder is d j alexander lettings limited with a 100% stake. Tay Letting East Ltd is a young, micro sized company, Pomanda has estimated its turnover at £105.5k with rapid growth in recent years.
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Tay Letting East Ltd Health Check
Pomanda's financial health check has awarded Tay Letting East Ltd a 3 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £106.6k, make it smaller than the average company (£355.5k)
- Tay Letting East Ltd
£355.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (3.3%)
- Tay Letting East Ltd
3.3% - Industry AVG
Production
with a gross margin of 16.8%, this company has a higher cost of product (66.7%)
- Tay Letting East Ltd
66.7% - Industry AVG
Profitability
an operating margin of 6.1% make it as profitable than the average company (7.5%)
- Tay Letting East Ltd
7.5% - Industry AVG
Employees
with 8 employees, this is above the industry average (6)
8 - Tay Letting East Ltd
6 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Tay Letting East Ltd
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £13.3k, this is less efficient (£89.1k)
- Tay Letting East Ltd
£89.1k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (47 days)
- Tay Letting East Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (35 days)
- Tay Letting East Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Tay Letting East Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (47 weeks)
21 weeks - Tay Letting East Ltd
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.2%, this is a higher level of debt than the average (57.7%)
97.2% - Tay Letting East Ltd
57.7% - Industry AVG
TAY LETTING EAST LTD financials
Tay Letting East Ltd's latest turnover from December 2023 is estimated at £105.5 thousand and the company has net assets of £55.4 thousand. According to their latest financial statements, Tay Letting East Ltd has 7 employees and maintains cash reserves of £47.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 7 | 8 | 6 | 6 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,048 | 3,130 | 4,510 | 5,081 | 1,100 | 2,198 |
| Intangible Assets | 45,342 | 64,103 | 82,864 | |||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 1,048 | 48,472 | 68,613 | 87,945 | 1,100 | 2,198 |
| Stock & work in progress | ||||||
| Trade Debtors | 5,598 | 755 | 7,381 | 1,527 | 12,236 | |
| Group Debtors | ||||||
| Misc Debtors | 10,871 | 39,000 | 28,500 | 8,153 | 31,161 | |
| Cash | 47,342 | 44,173 | 24,639 | 4,881 | ||
| misc current assets | ||||||
| total current assets | 63,811 | 83,928 | 35,881 | 34,319 | 43,397 | 4,881 |
| total assets | 64,859 | 132,400 | 104,494 | 122,264 | 44,497 | 7,079 |
| Bank overdraft | 9,500 | 11,515 | 13,469 | |||
| Bank loan | ||||||
| Trade Creditors | 5,951 | 16,120 | 10,307 | 13,222 | ||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 3,536 | 82,660 | 51,967 | 56,467 | 29,461 | 6,339 |
| total current liabilities | 9,487 | 108,280 | 73,789 | 69,689 | 42,930 | 6,339 |
| loans | 20,455 | 30,083 | 47,500 | |||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 20,455 | 30,083 | 47,500 | |||
| total liabilities | 9,487 | 128,735 | 103,872 | 117,189 | 42,930 | 6,339 |
| net assets | 55,372 | 3,665 | 622 | 5,075 | 1,567 | 740 |
| total shareholders funds | 55,372 | 3,665 | 622 | 5,075 | 1,567 | 740 |
| Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,431 | 1,998 | 1,862 | 2,606 | 1,098 | 1,098 |
| Amortisation | 18,761 | 18,761 | 10,945 | |||
| Tax | ||||||
| Stock | ||||||
| Debtors | -19,412 | 3,874 | 26,201 | -33,717 | 43,397 | |
| Creditors | -4,356 | 5,813 | -2,915 | 13,222 | ||
| Accruals and Deferred Income | -48,431 | 30,693 | -4,500 | 27,006 | 23,122 | 6,339 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -30,083 | -9,628 | -17,417 | 47,500 | ||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 47,342 | 44,173 | -24,639 | 24,639 | -4,881 | 4,881 |
| overdraft | -11,515 | -2,015 | 11,515 | -13,469 | 13,469 | |
| change in cash | 58,857 | 46,188 | -36,154 | 38,108 | -18,350 | 4,881 |
tay letting east ltd Credit Report and Business Information
Tay Letting East Ltd Competitor Analysis
Perform a competitor analysis for tay letting east ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EH3 area or any other competitors across 12 key performance metrics.
tay letting east ltd Ownership
TAY LETTING EAST LTD group structure
Tay Letting East Ltd has no subsidiary companies.
Ultimate parent company
2 parents
TAY LETTING EAST LTD
SC582568
tay letting east ltd directors
Tay Letting East Ltd currently has 3 directors. The longest serving directors include Mr Ian Sutherland (Feb 2024) and Mr David Alexander (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Sutherland | England | 55 years | Feb 2024 | - | Director |
| Mr David Alexander | England | 64 years | Feb 2024 | - | Director |
| Mr Stuart Pender | 59 years | Feb 2024 | - | Director |
P&L
December 2023turnover
105.5k
+32%
operating profit
74.2k
0%
gross margin
15.5%
-5.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
55.4k
+88.02%
total assets
64.9k
-0.38%
cash
47.3k
0%
net assets
Total assets minus all liabilities
tay letting east ltd company details
company number
SC582568
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
November 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
tay letting edinburgh ltd (November 2017)
accountant
-
auditor
-
address
1 wemyss place, edinburgh, EH3 6DH
Bank
-
Legal Advisor
-
tay letting east 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 tay letting east ltd.
tay letting east 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.
Click to start generating capital raising & share issue transactions for TAY LETTING EAST LTD. This can take several minutes, an email will notify you when this has completed.
tay letting east ltd Companies House Filings - See Documents
| date | description | view/download |
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