northumberland homes ltd
northumberland homes ltd Company Information
Company Number
10183767
Website
www.8northumberland.co.ukRegistered Address
bede house, belmont business park, durham, DH1 1TW
Industry
Development of building projects
Telephone
02032631011
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
gary herron 30%
michael black 30%
View Allnorthumberland homes ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTHUMBERLAND HOMES LTD at £1.4m based on a Turnover of £2.9m and 0.47x industry multiple (adjusted for size and gross margin).
northumberland homes ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTHUMBERLAND HOMES LTD at £238.8k based on an EBITDA of £68k and a 3.51x industry multiple (adjusted for size and gross margin).
northumberland homes ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTHUMBERLAND HOMES LTD at £68.4k based on Net Assets of £52.4k and 1.31x industry multiple (adjusted for liquidity).
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Northumberland Homes Ltd Overview
Northumberland Homes Ltd is a dissolved company that was located in durham, DH1 1TW with a Companies House number of 10183767. It operated in the development of building projects sector, SIC Code 41100. Founded in May 2016, it's largest shareholder was gary herron with a 30% stake. The last turnover for Northumberland Homes Ltd was estimated at £2.9m.
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Northumberland Homes Ltd Health Check
Pomanda's financial health check has awarded Northumberland Homes Ltd a 3 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 £2.9m, make it larger than the average company (£1.9m)
- Northumberland Homes Ltd
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 105%, show it is growing at a faster rate (3.6%)
- Northumberland Homes Ltd
3.6% - Industry AVG
Production
with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)
- Northumberland Homes Ltd
24.6% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (9.2%)
- Northumberland Homes Ltd
9.2% - Industry AVG
Employees
with 17 employees, this is above the industry average (5)
17 - Northumberland Homes Ltd
5 - Industry AVG
Pay Structure
on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)
- Northumberland Homes Ltd
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £172.9k, this is less efficient (£273.8k)
- Northumberland Homes Ltd
£273.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (28 days)
- Northumberland Homes Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (30 days)
- Northumberland Homes Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Northumberland Homes Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)
1 weeks - Northumberland Homes Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.2%, this is a higher level of debt than the average (73.6%)
92.2% - Northumberland Homes Ltd
73.6% - Industry AVG
northumberland homes ltd Credit Report and Business Information
Northumberland Homes Ltd Competitor Analysis
Perform a competitor analysis for northumberland homes ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
northumberland homes ltd Ownership
NORTHUMBERLAND HOMES LTD group structure
Northumberland Homes Ltd has 1 subsidiary company.
Ultimate parent company
NORTHUMBERLAND HOMES LTD
10183767
1 subsidiary
northumberland homes ltd directors
Northumberland Homes Ltd currently has 2 directors. The longest serving directors include Mr Michael Black (May 2016) and Mr Gary Herron (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Black | 55 years | May 2016 | - | Director | |
| Mr Gary Herron | England | 56 years | May 2016 | - | Director |
NORTHUMBERLAND HOMES LTD financials
Northumberland Homes Ltd's latest turnover from April 2020 is estimated at £2.9 million and the company has net assets of £52.4 thousand. According to their latest financial statements, Northumberland Homes Ltd has 17 employees and maintains cash reserves of £19.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2020 | Apr 2019 | Apr 2018 | May 2017 | |
|---|---|---|---|---|
| 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 | 17 | 8 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2020 | Apr 2019 | Apr 2018 | May 2017 | |
|---|---|---|---|---|
| Tangible Assets | 3,619 | 3,516 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 376 | 376 | 1 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,995 | 3,892 | 1 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 21,790 | 288,266 | 0 | 0 |
| Group Debtors | 9,350 | 11,328 | 0 | 0 |
| Misc Debtors | 620,404 | 110,233 | 144,479 | 0 |
| Cash | 19,401 | 504,797 | 784 | 85,562 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 670,945 | 914,624 | 145,263 | 85,562 |
| total assets | 674,940 | 918,516 | 145,264 | 85,562 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 482,419 | 240,046 | 19,604 | 4,181 |
| Group/Directors Accounts | 63,672 | 51,645 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 26,422 | 627,083 | 164,964 | 125,534 |
| total current liabilities | 572,513 | 918,774 | 184,568 | 129,715 |
| loans | 50,000 | 0 | 0 | 0 |
| 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 | 50,000 | 0 | 0 | 0 |
| total liabilities | 622,513 | 918,774 | 184,568 | 129,715 |
| net assets | 52,427 | -258 | -39,304 | -44,153 |
| total shareholders funds | 52,427 | -258 | -39,304 | -44,153 |
| Apr 2020 | Apr 2019 | Apr 2018 | May 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 1,715 | 845 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 241,717 | 265,348 | 144,479 | 0 |
| Creditors | 242,373 | 220,442 | 15,423 | 4,181 |
| Accruals and Deferred Income | -600,661 | 462,119 | 39,430 | 125,534 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 375 | 1 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 12,027 | 51,645 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 50,000 | 0 | 0 | 0 |
| 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 | -485,396 | 504,013 | -84,778 | 85,562 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -485,396 | 504,013 | -84,778 | 85,562 |
P&L
April 2020turnover
2.9m
+10%
operating profit
66.3k
0%
gross margin
24.7%
-10.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2020net assets
52.4k
-204.21%
total assets
674.9k
-0.27%
cash
19.4k
-0.96%
net assets
Total assets minus all liabilities
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northumberland homes ltd company details
company number
10183767
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
northumberland ltd (July 2018)
incorporated
UK
address
bede house, belmont business park, durham, DH1 1TW
last accounts submitted
April 2020
northumberland homes 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 northumberland homes ltd.
northumberland homes ltd Companies House Filings - See Documents
| date | description | view/download |
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