Ergonom Limited

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ergonom limited Company Information

Company Number

00963271

Next Accounts

Sep 2025

Directors

Robert Askew

Piero Molteni

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Shareholders

molteni spa

robert askew

Group Structure

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Industry

Agents involved in the sale of furniture, household goods, hardware and ironmongery

Registered Address

12-16 fitzroy street, london, W1T 4BL

Website

www.ergonom.com

ergonom limited Estimated Valuation

£17.6m

Pomanda estimates the enterprise value of ERGONOM LIMITED at £17.6m based on a Turnover of £34.6m and 0.51x industry multiple (adjusted for size and gross margin).

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Ergonom Limited is a live company located in london, W1T 4BL with a Companies House number of 00963271. It operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery sector, SIC Code 46150. Founded in October 1969, it's largest shareholder is molteni spa with a 90% stake. Ergonom Limited is a mature, large sized company, Pomanda has estimated its turnover at £34.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ergonom Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £34.6m, make it larger than the average company (£5.3m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9%)

EXPORT

Ergonom Limited's latest turnover from December 2023 is £34.6 million and the company has net assets of £6.7 million. According to their latest financial statements, Ergonom Limited has 33 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	34,649,129	31,057,345	31,643,265	25,732,894	35,864,170	32,395,121	34,815,907	33,635,719	23,828,280	16,300,024	14,049,887	10,847,879	19,073,963	10,970,884	10,250,396
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	27,739,328	24,868,336	25,148,865	20,189,467	28,573,068	25,592,085	28,303,941	27,224,286	18,430,247	12,052,517	10,265,338	7,529,698	15,493,238	6,998,144	7,384,055
Gross Profit	6,909,801	6,189,009	6,494,400	5,543,427	7,291,102	6,803,036	6,511,966	6,411,433	5,398,033	4,247,507	3,784,549	3,318,181	3,580,725	3,972,740	2,866,341
Admin Expenses	6,833,738	5,926,366	5,828,823	5,257,246	6,774,918	5,691,812	4,935,906	5,156,039	4,313,684	3,875,435	3,303,802	3,194,043	2,928,457	3,953,335	2,865,904
Operating Profit	76,063	262,643	665,577	286,181	516,184	1,111,224	1,576,060	1,255,394	1,084,349	372,072	480,747	124,138	652,268	19,405	437
Interest Payable	334,535	66,663	79,564	59,355	50,771	39,194	28,251	74,372	39,056	31,980	563	0	0	3,609	15,958
Interest Receivable	0	0	0	0	906	967	767	1,060	357	0	0	400	4,003	0	4,684
Pre-Tax Profit	206,574	130,847	530,833	102,042	415,897	974,038	1,548,576	1,182,082	1,045,650	340,092	480,184	124,538	656,271	15,796	-10,837
Tax	-171,590	-81,420	-164,451	-61,647	-196,631	-210,576	-225,523	-294,757	-243,728	-92,403	-130,979	-69,961	-223,524	-11,454	17,809
Profit After Tax	34,984	49,427	366,382	40,395	219,266	763,462	1,323,053	887,325	801,922	247,689	349,205	54,577	432,747	4,342	6,972
Dividends Paid	0	0	0	0	0	800,000	0	0	0	0	0	0	500,000	0	0
Retained Profit	34,984	49,427	366,382	40,395	219,266	-36,538	1,323,053	887,325	801,922	247,689	349,205	54,577	-67,253	4,342	6,972
Employee Costs	3,103,047	2,795,851	3,187,580	2,611,138	3,638,212	3,237,553	3,123,037	3,088,341	2,317,756	1,949,546	1,503,172	1,495,210	1,204,037	1,260,778	1,396,216
Number Of Employees	33	34	32	34	38	36	32	32	29	25	24	24	21	21	24
EBITDA*	492,553	713,520	846,027	852,599	1,033,623	1,575,451	1,676,889	1,336,505	1,325,061	543,169	602,350	250,204	797,021	179,415	189,659

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	13,959,343	6,873,700	5,213,111	5,060,358	5,218,573	5,273,934	2,857,783	2,014,881	2,038,126	2,067,953	151,510	161,916	196,494	197,770	266,163
Intangible Assets	40,515	121,626	202,759	283,870	364,983	446,094	527,203	608,318	689,429	770,541	851,654	932,768	1,013,881	1,094,993	1,176,104
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	55,500	55,500
Total Fixed Assets	13,999,858	6,995,326	5,415,870	5,344,228	5,583,556	5,720,028	3,384,986	2,623,199	2,727,555	2,838,494	1,003,164	1,094,684	1,210,375	1,348,263	1,497,767
Stock & work in progress	5,738,226	1,905,386	3,570,972	1,607,907	2,390,936	933,079	478,285	539,822	536,250	535,391	252,829	215,622	298,100	314,376	292,425
Trade Debtors	11,890,861	9,399,861	7,018,820	9,865,273	7,581,848	9,640,575	7,853,457	7,318,299	4,298,767	3,180,618	5,328,480	614,315	3,077,823	2,309,562	1,997,180
Group Debtors	21,664	21,664	0	0	487,648	0	0	50,590	23,873	163,302	60,561	58	35,277	9,890	8,544
Misc Debtors	1,041,003	820,810	891,620	921,424	847,312	960,460	1,865,314	621,801	3,233,589	4,860,578	605,760	1,673,318	573,168	562,974	543,596
Cash	1,989,818	1,572,984	1,572,202	905,408	2,185,224	1,376,939	908,935	2,375,154	1,112,118	730,665	447,479	443,651	416,149	722,086	273,918
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	20,681,572	13,720,705	13,053,614	13,300,012	13,492,968	12,911,053	11,105,991	10,905,666	9,204,597	9,470,554	6,695,109	2,946,964	4,400,517	3,918,888	3,115,663
total assets	34,681,430	20,716,031	18,469,484	18,644,240	19,076,524	18,631,081	14,490,977	13,528,865	11,932,152	12,309,048	7,698,273	4,041,648	5,610,892	5,267,151	4,613,430
Bank overdraft	0	1,624,123	2,580	858,008	780,522	0	19,857	18,269	6,849	9,590	0	0	4,347	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	149	5,029	0	0	200,314
Trade Creditors	1,411,648	1,898,635	1,591,204	2,071,306	2,484,744	2,837,051	2,448,871	2,123,163	1,626,355	1,442,602	1,341,373	313,143	742,918	1,376,518	705,229
Group/Directors Accounts	11,546,427	7,051,507	5,565,439	7,286,967	6,339,331	6,597,692	4,635,591	5,390,413	3,593,768	5,804,403	3,353,710	1,838,133	2,697,786	2,110,855	2,022,951
other short term finances	0	256,775	508,979	225,187	211,857	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	6,733,122	2,422,473	2,835,606	772,629	1,428,502	1,039,986	1,089,740	1,549,543	3,248,021	2,471,234	1,673,900	1,025,657	903,543	595,597	405,097
total current liabilities	19,691,197	13,253,513	10,503,808	11,214,097	11,244,956	10,689,673	8,194,059	9,081,388	8,474,993	9,727,829	6,369,132	3,181,962	4,348,594	4,082,970	3,333,591
loans	0	304,723	2,706,246	2,622,207	3,100,777	3,576,264	1,655,753	979,365	1,018,833	1,117,255	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	71,743	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	7,724,757	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	552,289	479,592	450,654	365,542	328,792	397,355	421,894	571,894	357,690	256,993	369,859	249,609	145,370	0	100,000
total long term liabilities	8,277,046	784,315	3,156,900	2,987,749	3,429,569	3,758,675	2,077,647	1,551,259	1,448,266	1,374,248	369,859	249,609	145,370	0	100,000
total liabilities	27,968,243	14,037,828	13,660,708	14,201,846	14,674,525	14,448,348	10,271,706	10,632,647	9,923,259	11,102,077	6,738,991	3,431,571	4,493,964	4,082,970	3,433,591
net assets	6,713,187	6,678,203	4,808,776	4,442,394	4,401,999	4,182,733	4,219,271	2,896,218	2,008,893	1,206,971	959,282	610,077	1,116,928	1,184,181	1,179,839
total shareholders funds	6,713,187	6,678,203	4,808,776	4,442,394	4,401,999	4,182,733	4,219,271	2,896,218	2,008,893	1,206,971	959,282	610,077	1,116,928	1,184,181	1,179,839

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	76,063	262,643	665,577	286,181	516,184	1,111,224	1,576,060	1,255,394	1,084,349	372,072	480,747	124,138	652,268	19,405	437
Depreciation	335,379	369,744	99,339	485,305	436,328	383,118	19,714	0	159,600	89,984	40,489	44,953	63,641	78,899	108,110
Amortisation	81,111	81,133	81,111	81,113	81,111	81,109	81,115	81,111	81,112	81,113	81,114	81,113	81,112	81,111	81,112
Tax	-171,590	-81,420	-164,451	-61,647	-196,631	-210,576	-225,523	-294,757	-243,728	-92,403	-130,979	-69,961	-223,524	-11,454	17,809
Stock	3,832,840	-1,665,586	1,963,065	-783,029	1,457,857	454,794	-61,537	3,572	859	282,562	37,207	-82,478	-16,276	21,951	292,425
Debtors	2,711,193	2,331,895	-2,876,257	1,869,889	-1,684,227	882,264	1,728,081	434,461	-648,269	2,209,697	3,707,110	-1,398,577	748,342	333,106	2,604,820
Creditors	-486,987	307,431	-480,102	-413,438	-352,307	388,180	325,708	496,808	183,753	101,229	1,028,230	-429,775	-633,600	671,289	705,229
Accruals and Deferred Income	4,310,649	-413,133	2,062,977	-655,873	388,516	-49,754	-459,803	-1,698,478	776,787	797,334	648,243	122,114	307,946	190,500	405,097
Deferred Taxes & Provisions	72,697	28,938	85,112	36,750	-68,563	-24,539	-150,000	214,204	100,697	-112,866	120,250	104,239	145,370	-100,000	100,000
Cash flow from operations	-2,326,711	-110,973	3,262,755	-1,328,469	1,031,008	341,704	-499,273	-383,751	2,789,980	-1,255,796	-1,476,223	1,457,876	-338,853	574,693	-1,479,451
Investing Activities
capital expenditure	-7,421,022	-2,030,333	-252,092	-327,090	-380,967	-2,799,269	-1,034,616	-163,016	-129,773	-2,006,427	-30,083	-10,375	-62,365	-10,506	-1,631,489
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,421,022	-2,030,333	-252,092	-327,090	-380,967	-2,799,269	-1,034,616	-163,016	-129,773	-2,006,427	-30,083	-10,375	-62,365	-10,506	-1,631,489
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	-149	-4,880	5,029	0	-200,314	200,314
Group/Directors Accounts	4,494,920	1,486,068	-1,721,528	947,636	-258,361	1,962,101	-754,822	1,796,645	-2,210,635	2,450,693	1,515,577	-859,653	586,931	87,904	2,022,951
Other Short Term Loans	-256,775	-252,204	283,792	13,330	211,857	0	0	0	0	0	0	0	0	0	0
Long term loans	-304,723	-2,401,523	84,039	-478,570	-475,487	1,920,511	676,388	-39,468	-98,422	1,117,255	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-71,743	71,743	0	0	0	0	0	0
other long term liabilities	7,724,757	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	1,820,000	0	0	0	0	0	0	0	0	0	-561,428	0	0	1,172,867
interest	-334,535	-66,663	-79,564	-59,355	-49,865	-38,227	-27,484	-73,312	-38,699	-31,980	-563	400	4,003	-3,609	-11,274
cash flow from financing	11,323,644	585,678	-1,433,261	423,041	-571,856	3,844,385	-105,918	1,612,122	-2,276,013	3,535,819	1,510,134	-1,415,652	590,934	-116,019	3,384,858
cash and cash equivalents
cash	416,834	782	666,794	-1,279,816	808,285	468,004	-1,466,219	1,263,036	381,453	283,186	3,828	27,502	-305,937	448,168	273,918
overdraft	-1,624,123	1,621,543	-855,428	77,486	780,522	-19,857	1,588	11,420	-2,741	9,590	0	-4,347	4,347	0	0
change in cash	2,040,957	-1,620,761	1,522,222	-1,357,302	27,763	487,861	-1,467,807	1,251,616	384,194	273,596	3,828	31,849	-310,284	448,168	273,918

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 ergonom limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in W1T area or any other competitors across 12 key performance metrics.

ERGONOM LIMITED group structure

Ergonom Limited has 3 subsidiary companies.

Ultimate parent company

MOLTENI SPA

#0049340

1 parent

ERGONOM LIMITED

00963271

3 subsidiaries

STORWAL LIMITED

05267940

COMPANY LOFTS LIMITED

06502403

SPACE@WORK LIMITED

05251320

ERGONOM LIMITED Shareholders

molteni spa	90.01%
robert askew	9.99%

Ergonom Limited currently has 3 directors. The longest serving directors include Mr Robert Askew (Jul 1998) and Mr Piero Molteni (Dec 2004).

officer	country	age	start	end	role
Mr Robert Askew	England	68 years	Jul 1998	-	Director
Mr Piero Molteni	Italy	79 years	Dec 2004	-	Director
Mr Carlo Molteni	England	82 years	Jan 2017	-	Director

P&L

December 2023

turnover

34.6m

+12%

operating profit

76.1k

gross margin

20%

+0.07%

turnover

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

Balance Sheet

December 2023

net assets

6.7m

+0.01%

total assets

34.7m

+0.67%

cash

+0.26%

net assets

Total assets minus all liabilities

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company number

00963271

Type

Private limited with Share Capital

industry

46150 - Agents involved in the sale of furniture, household goods, hardware and ironmongery

47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

incorporation date

October 1969

ultimate parent company

MOLTENI SPA

previous names

idem furniture limited (April 1998)

ergonom limited (January 1997)

address

12-16 fitzroy street, london, W1T 4BL

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 7 charges/mortgages relating to ergonom limited. Currently there are 1 open charges and 6 have been satisfied in the past.

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.

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ergonom limited Company Information

ergonom limited Estimated Valuation

ergonom limited Estimated Valuation

ergonom limited Estimated Valuation

Ergonom Limited Overview

Ergonom Limited Health Check

ERGONOM LIMITED financials

ergonom limited Credit Report and Business Information

Ergonom Limited Competitor Analysis

ergonom limited Ownership

ergonom limited directors

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ergonom limited Charges & Mortgages

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ergonom limited Companies House Filings - See Documents