kingcome sofas limited
kingcome sofas limited Company Information
Company Number
01155285
Next Accounts
Jan 2026
Shareholders
colefax group plc
Group Structure
View All
Industry
Manufacture of other furniture
+1Registered Address
19-23 grosvenor hill, london, W1K 3QD
Website
www.kingcomesofas.co.ukkingcome sofas limited Estimated Valuation
Pomanda estimates the enterprise value of KINGCOME SOFAS LIMITED at £1.2m based on a Turnover of £3.2m and 0.36x industry multiple (adjusted for size and gross margin).
kingcome sofas limited Estimated Valuation
Pomanda estimates the enterprise value of KINGCOME SOFAS LIMITED at £1.8m based on an EBITDA of £473k and a 3.88x industry multiple (adjusted for size and gross margin).
kingcome sofas limited Estimated Valuation
Pomanda estimates the enterprise value of KINGCOME SOFAS LIMITED at £1.3m based on Net Assets of £640k and 1.97x industry multiple (adjusted for liquidity).
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Kingcome Sofas Limited Overview
Kingcome Sofas Limited is a live company located in london, W1K 3QD with a Companies House number of 01155285. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in January 1974, it's largest shareholder is colefax group plc with a 100% stake. Kingcome Sofas Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with healthy growth in recent years.
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Kingcome Sofas Limited Health Check
Pomanda's financial health check has awarded Kingcome Sofas Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £3.2m, make it smaller than the average company (£9.2m)
£3.2m - Kingcome Sofas Limited
£9.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (10.4%)
7% - Kingcome Sofas Limited
10.4% - Industry AVG
Production
with a gross margin of 43.2%, this company has a comparable cost of product (36.9%)
43.2% - Kingcome Sofas Limited
36.9% - Industry AVG
Profitability
an operating margin of 13% make it more profitable than the average company (3.6%)
13% - Kingcome Sofas Limited
3.6% - Industry AVG
Employees
with 48 employees, this is below the industry average (66)
48 - Kingcome Sofas Limited
66 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£34.8k)
£33.1k - Kingcome Sofas Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £67.3k, this is less efficient (£155.2k)
£67.3k - Kingcome Sofas Limited
£155.2k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (27 days)
4 days - Kingcome Sofas Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (40 days)
28 days - Kingcome Sofas Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is less than average (60 days)
37 days - Kingcome Sofas Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (16 weeks)
43 weeks - Kingcome Sofas Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.3%, this is a higher level of debt than the average (60.2%)
70.3% - Kingcome Sofas Limited
60.2% - Industry AVG
KINGCOME SOFAS LIMITED financials
Kingcome Sofas Limited's latest turnover from April 2024 is £3.2 million and the company has net assets of £640 thousand. According to their latest financial statements, Kingcome Sofas Limited has 48 employees and maintains cash reserves of £923 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,231,000 | 2,928,000 | 2,746,000 | 2,629,000 | 2,470,000 | 2,790,000 | 2,671,000 | 2,396,000 | 2,691,000 | 2,518,000 | 2,303,000 | 2,314,000 | 2,340,000 | 2,503,000 | 2,583,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,836,000 | 1,749,000 | 1,682,000 | 1,591,000 | 1,612,000 | 1,724,000 | 1,672,000 | 1,566,000 | 1,632,000 | 1,574,000 | 1,450,000 | 1,385,000 | 1,405,000 | 1,474,000 | 1,486,000 |
| Gross Profit | 1,395,000 | 1,179,000 | 1,064,000 | 1,038,000 | 858,000 | 1,066,000 | 999,000 | 830,000 | 1,059,000 | 944,000 | 853,000 | 929,000 | 935,000 | 1,029,000 | 1,097,000 |
| Admin Expenses | 974,000 | 936,000 | 980,000 | 743,000 | 747,000 | 804,000 | 868,000 | 808,000 | 796,000 | 773,000 | 829,000 | 850,000 | 872,000 | 819,000 | 817,000 |
| Operating Profit | 421,000 | 243,000 | 84,000 | 295,000 | 111,000 | 262,000 | 131,000 | 22,000 | 263,000 | 171,000 | 24,000 | 79,000 | 63,000 | 210,000 | 280,000 |
| Interest Payable | 2,000 | 3,000 | 4,000 | 7,000 | 11,000 | ||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 419,000 | 240,000 | 80,000 | 288,000 | 100,000 | 262,000 | 131,000 | 22,000 | 263,000 | 171,000 | 24,000 | 79,000 | 63,000 | 210,000 | 280,000 |
| Tax | -118,000 | -47,000 | -20,000 | -25,000 | -22,000 | -50,000 | -25,000 | 5,000 | -47,000 | -19,000 | -2,000 | -17,000 | -15,000 | -65,000 | -78,000 |
| Profit After Tax | 301,000 | 193,000 | 60,000 | 263,000 | 78,000 | 212,000 | 106,000 | 27,000 | 216,000 | 152,000 | 22,000 | 62,000 | 48,000 | 145,000 | 202,000 |
| Dividends Paid | 200,000 | 200,000 | 100,000 | 100,000 | |||||||||||
| Retained Profit | 101,000 | -7,000 | 60,000 | 263,000 | 78,000 | 112,000 | 6,000 | 27,000 | 216,000 | 152,000 | 22,000 | 62,000 | 48,000 | 145,000 | 202,000 |
| Employee Costs | 1,590,000 | 1,481,000 | 1,420,000 | 1,386,000 | 1,343,000 | 1,372,000 | 1,306,000 | 1,263,000 | 1,260,000 | 1,211,000 | 1,153,000 | 1,121,000 | 1,141,000 | 1,159,000 | 1,104,000 |
| Number Of Employees | 48 | 48 | 42 | 42 | 43 | 44 | 42 | 42 | 41 | 41 | 40 | 41 | 40 | 42 | 43 |
| EBITDA* | 473,000 | 373,000 | 215,000 | 435,000 | 254,000 | 296,000 | 170,000 | 62,000 | 300,000 | 213,000 | 85,000 | 139,000 | 124,000 | 277,000 | 339,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 592,000 | 596,000 | 291,000 | 389,000 | 519,000 | 229,000 | 250,000 | 276,000 | 297,000 | 315,000 | 291,000 | 338,000 | 359,000 | 402,000 | 428,000 |
| Intangible Assets | 353,000 | ||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 945,000 | 596,000 | 291,000 | 389,000 | 519,000 | 229,000 | 250,000 | 276,000 | 297,000 | 315,000 | 291,000 | 338,000 | 359,000 | 402,000 | 428,000 |
| Stock & work in progress | 188,000 | 209,000 | 171,000 | 153,000 | 170,000 | 155,000 | 171,000 | 187,000 | 160,000 | 107,000 | 115,000 | 114,000 | 122,000 | 110,000 | 97,000 |
| Trade Debtors | 37,000 | 28,000 | 29,000 | 17,000 | 93,000 | 90,000 | 50,000 | 125,000 | 62,000 | 38,000 | 41,000 | 4,000 | 28,000 | 38,000 | 12,000 |
| Group Debtors | 1,000 | 19,000 | 465,000 | 1,000 | 6,000 | 14,000 | |||||||||
| Misc Debtors | 61,000 | 61,000 | 59,000 | 33,000 | 88,000 | 102,000 | 99,000 | 96,000 | 101,000 | 106,000 | 100,000 | 107,000 | 114,000 | 96,000 | 92,000 |
| Cash | 923,000 | 919,000 | 1,212,000 | 921,000 | 763,000 | 1,323,000 | 1,239,000 | 1,093,000 | 1,010,000 | 866,000 | 699,000 | 638,000 | 637,000 | 652,000 | 506,000 |
| misc current assets | |||||||||||||||
| total current assets | 1,209,000 | 1,217,000 | 1,472,000 | 1,143,000 | 1,579,000 | 1,671,000 | 1,559,000 | 1,501,000 | 1,339,000 | 1,117,000 | 955,000 | 863,000 | 901,000 | 910,000 | 707,000 |
| total assets | 2,154,000 | 1,813,000 | 1,763,000 | 1,532,000 | 2,098,000 | 1,900,000 | 1,809,000 | 1,777,000 | 1,636,000 | 1,432,000 | 1,246,000 | 1,201,000 | 1,260,000 | 1,312,000 | 1,135,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 145,000 | 132,000 | 141,000 | 114,000 | 60,000 | 192,000 | 201,000 | 168,000 | 169,000 | 176,000 | 168,000 | 168,000 | 184,000 | 143,000 | 135,000 |
| Group/Directors Accounts | 41,000 | 22,000 | 29,000 | 51,000 | 47,000 | 21,000 | 76,000 | 20,000 | 26,000 | 25,000 | 73,000 | 81,000 | 96,000 | 19,000 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | 76,000 | 112,000 | 110,000 | ||||||||||||
| other current liabilities | 921,000 | 1,067,000 | 943,000 | 675,000 | 746,000 | 746,000 | 786,000 | 730,000 | 666,000 | 659,000 | 647,000 | 570,000 | 669,000 | 787,000 | 842,000 |
| total current liabilities | 1,107,000 | 1,221,000 | 1,189,000 | 952,000 | 916,000 | 985,000 | 1,008,000 | 974,000 | 855,000 | 861,000 | 840,000 | 811,000 | 934,000 | 1,026,000 | 996,000 |
| loans | |||||||||||||||
| hp & lease commitments | 344,000 | 76,000 | 187,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 63,000 | 53,000 | 28,000 | 18,000 | 22,000 | 20,000 | 18,000 | 26,000 | 31,000 | 37,000 | 24,000 | 30,000 | 28,000 | 36,000 | 34,000 |
| total long term liabilities | 407,000 | 53,000 | 28,000 | 94,000 | 209,000 | 20,000 | 18,000 | 26,000 | 31,000 | 37,000 | 24,000 | 30,000 | 28,000 | 36,000 | 34,000 |
| total liabilities | 1,514,000 | 1,274,000 | 1,217,000 | 1,046,000 | 1,125,000 | 1,005,000 | 1,026,000 | 1,000,000 | 886,000 | 898,000 | 864,000 | 841,000 | 962,000 | 1,062,000 | 1,030,000 |
| net assets | 640,000 | 539,000 | 546,000 | 486,000 | 973,000 | 895,000 | 783,000 | 777,000 | 750,000 | 534,000 | 382,000 | 360,000 | 298,000 | 250,000 | 105,000 |
| total shareholders funds | 640,000 | 539,000 | 546,000 | 486,000 | 973,000 | 895,000 | 783,000 | 777,000 | 750,000 | 534,000 | 382,000 | 360,000 | 298,000 | 250,000 | 105,000 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 421,000 | 243,000 | 84,000 | 295,000 | 111,000 | 262,000 | 131,000 | 22,000 | 263,000 | 171,000 | 24,000 | 79,000 | 63,000 | 210,000 | 280,000 |
| Depreciation | 49,000 | 38,000 | 131,000 | 140,000 | 143,000 | 34,000 | 39,000 | 40,000 | 37,000 | 42,000 | 61,000 | 60,000 | 61,000 | 67,000 | 59,000 |
| Amortisation | 3,000 | 92,000 | |||||||||||||
| Tax | -118,000 | -47,000 | -20,000 | -25,000 | -22,000 | -50,000 | -25,000 | 5,000 | -47,000 | -19,000 | -2,000 | -17,000 | -15,000 | -65,000 | -78,000 |
| Stock | -21,000 | 38,000 | 18,000 | -17,000 | 15,000 | -16,000 | -16,000 | 27,000 | 53,000 | -8,000 | 1,000 | -8,000 | 12,000 | 13,000 | 97,000 |
| Debtors | 9,000 | 20,000 | -577,000 | 453,000 | 44,000 | -72,000 | 52,000 | 25,000 | 3,000 | 30,000 | -31,000 | -6,000 | 44,000 | 104,000 | |
| Creditors | 13,000 | -9,000 | 27,000 | 54,000 | -132,000 | -9,000 | 33,000 | -1,000 | -7,000 | 8,000 | -16,000 | 41,000 | 8,000 | 135,000 | |
| Accruals and Deferred Income | -146,000 | 124,000 | 268,000 | -71,000 | -40,000 | 56,000 | 64,000 | 7,000 | 12,000 | 77,000 | -99,000 | -118,000 | -55,000 | 842,000 | |
| Deferred Taxes & Provisions | 10,000 | 25,000 | 10,000 | -4,000 | 2,000 | 2,000 | -8,000 | -5,000 | -6,000 | 13,000 | -6,000 | 2,000 | -8,000 | 2,000 | 34,000 |
| Cash flow from operations | 244,000 | 428,000 | 462,000 | 983,000 | -366,000 | 171,000 | 314,000 | 46,000 | 169,000 | 232,000 | 123,000 | 48,000 | 18,000 | 110,000 | 1,071,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 19,000 | -7,000 | -22,000 | 51,000 | -47,000 | 26,000 | -55,000 | 56,000 | -6,000 | 1,000 | -48,000 | -8,000 | -15,000 | 77,000 | 19,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 344,000 | -76,000 | -112,000 | -109,000 | 297,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -2,000 | -3,000 | -4,000 | -7,000 | -11,000 | ||||||||||
| cash flow from financing | 361,000 | -86,000 | -138,000 | -815,000 | 239,000 | 26,000 | -55,000 | 56,000 | -6,000 | 1,000 | -48,000 | -8,000 | -15,000 | 77,000 | -78,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 4,000 | -293,000 | 291,000 | 158,000 | -560,000 | 84,000 | 146,000 | 83,000 | 144,000 | 167,000 | 61,000 | 1,000 | -15,000 | 146,000 | 506,000 |
| overdraft | |||||||||||||||
| change in cash | 4,000 | -293,000 | 291,000 | 158,000 | -560,000 | 84,000 | 146,000 | 83,000 | 144,000 | 167,000 | 61,000 | 1,000 | -15,000 | 146,000 | 506,000 |
kingcome sofas limited Credit Report and Business Information
Kingcome Sofas Limited Competitor Analysis
Perform a competitor analysis for kingcome sofas limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in W1K area or any other competitors across 12 key performance metrics.
kingcome sofas limited Ownership
KINGCOME SOFAS LIMITED group structure
Kingcome Sofas Limited has no subsidiary companies.
kingcome sofas limited directors
Kingcome Sofas Limited currently has 2 directors. The longest serving directors include Mr Frank Phipps (Jan 1992) and Mr Robert Barker (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Frank Phipps | 76 years | Jan 1992 | - | Director | |
| Mr Robert Barker | 61 years | Jan 2015 | - | Director |
P&L
April 2024turnover
3.2m
+10%
operating profit
421k
+73%
gross margin
43.2%
+7.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
640k
+0.19%
total assets
2.2m
+0.19%
cash
923k
0%
net assets
Total assets minus all liabilities
kingcome sofas limited company details
company number
01155285
Type
Private limited with Share Capital
industry
31090 - Manufacture of other furniture
47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
incorporation date
January 1974
age
51
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
l.m. kingcome limited (May 1993)
accountant
-
auditor
PKF LITTEJOHN LLP
address
19-23 grosvenor hill, london, W1K 3QD
Bank
HSBC BANK PLC
Legal Advisor
-
kingcome sofas 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 found 8 charges/mortgages relating to kingcome sofas limited. Currently there are 3 open charges and 5 have been satisfied in the past.
kingcome sofas limited 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.
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kingcome sofas limited Companies House Filings - See Documents
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