129 high street limited
129 high street limited Company Information
Company Number
SC601390
Website
-Registered Address
glenrinnes lodge, dufftown, banffshire, AB55 4BS
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
glenrinnes farms limited 100%
129 high street limited Estimated Valuation
Pomanda estimates the enterprise value of 129 HIGH STREET LIMITED at £3.6m based on a Turnover of £1.1m and 3.24x industry multiple (adjusted for size and gross margin).
129 high street limited Estimated Valuation
Pomanda estimates the enterprise value of 129 HIGH STREET LIMITED at £4.6m based on an EBITDA of £652.9k and a 7.1x industry multiple (adjusted for size and gross margin).
129 high street limited Estimated Valuation
Pomanda estimates the enterprise value of 129 HIGH STREET LIMITED at £475.5k based on Net Assets of £296.8k and 1.6x industry multiple (adjusted for liquidity).
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129 High Street Limited Overview
129 High Street Limited is a live company located in banffshire, AB55 4BS with a Companies House number of SC601390. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2018, it's largest shareholder is glenrinnes farms limited with a 100% stake. 129 High Street Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.
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129 High Street Limited Health Check
Pomanda's financial health check has awarded 129 High Street Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.1m, make it larger than the average company (£853k)
- 129 High Street Limited
£853k - Industry AVG
Growth
3 year (CAGR) sales growth of 157%, show it is growing at a faster rate (2.3%)
- 129 High Street Limited
2.3% - Industry AVG
Production
with a gross margin of 72.5%, this company has a comparable cost of product (72.5%)
- 129 High Street Limited
72.5% - Industry AVG
Profitability
an operating margin of 58.6% make it more profitable than the average company (26.5%)
- 129 High Street Limited
26.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - 129 High Street Limited
4 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has an equivalent pay structure (£31.6k)
- 129 High Street Limited
£31.6k - Industry AVG
Efficiency
resulting in sales per employee of £557.3k, this is more efficient (£186.2k)
- 129 High Street Limited
£186.2k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (32 days)
- 129 High Street Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (36 days)
- 129 High Street Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 129 High Street Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - 129 High Street Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.6%, this is a higher level of debt than the average (67.5%)
95.6% - 129 High Street Limited
67.5% - Industry AVG
129 high street limited Credit Report and Business Information
129 High Street Limited Competitor Analysis
Perform a competitor analysis for 129 high street limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
129 high street limited Ownership
129 HIGH STREET LIMITED group structure
129 High Street Limited has no subsidiary companies.
129 high street limited directors
129 High Street Limited currently has 2 directors. The longest serving directors include Mr Alexander Christou (Jul 2018) and Mr Alasdair Locke (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Christou | Scotland | 43 years | Jul 2018 | - | Director |
| Mr Alasdair Locke | Scotland | 70 years | Jul 2018 | - | Director |
129 HIGH STREET LIMITED financials
129 High Street Limited's latest turnover from June 2023 is estimated at £1.1 million and the company has net assets of £296.8 thousand. According to their latest financial statements, 129 High Street Limited has 2 employees and maintains cash reserves of £367.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Dec 2020 | Dec 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 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 6,147,443 | 6,147,443 | 6,147,443 | 6,147,443 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,147,443 | 6,147,443 | 6,147,443 | 6,147,443 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 167,860 | 90,646 | 7,610 | 51,001 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 3,383 | 2,828 |
| Cash | 367,704 | 253,744 | 45,837 | 94,657 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 535,564 | 344,390 | 56,830 | 148,486 |
| total assets | 6,683,007 | 6,491,833 | 6,204,273 | 6,295,929 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 4,000,000 | 0 | 0 | 0 |
| Trade Creditors | 101,333 | 69,796 | 9,684 | 24,215 |
| Group/Directors Accounts | 2,268,615 | 2,268,615 | 2,268,615 | 2,268,080 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 16,260 | 27,950 | 11,755 | 26,183 |
| total current liabilities | 6,386,208 | 2,366,361 | 2,290,054 | 2,318,478 |
| loans | 0 | 4,000,000 | 4,000,000 | 4,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 4,000,000 | 4,000,000 | 4,000,000 |
| total liabilities | 6,386,208 | 6,366,361 | 6,290,054 | 6,318,478 |
| net assets | 296,799 | 125,472 | -85,781 | -22,549 |
| total shareholders funds | 296,799 | 125,472 | -85,781 | -22,549 |
| Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 77,214 | 90,646 | -42,836 | 53,829 |
| Creditors | 31,537 | 69,796 | -14,531 | 24,215 |
| Accruals and Deferred Income | -11,690 | 27,950 | -14,428 | 26,183 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 6,147,443 | 0 | 6,147,443 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 4,000,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 2,268,615 | 535 | 2,268,080 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -4,000,000 | 4,000,000 | 0 | 4,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 113,960 | 253,744 | -48,820 | 94,657 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 113,960 | 253,744 | -48,820 | 94,657 |
P&L
June 2023turnover
1.1m
+83%
operating profit
652.9k
0%
gross margin
72.5%
+0.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
296.8k
+1.37%
total assets
6.7m
+0.03%
cash
367.7k
+0.45%
net assets
Total assets minus all liabilities
129 high street limited company details
company number
SC601390
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 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
glenrinnes lodge, dufftown, banffshire, AB55 4BS
last accounts submitted
June 2023
129 high street 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 did not find charges/mortgages relating to 129 high street limited.
129 high street limited Companies House Filings - See Documents
| date | description | view/download |
|---|
