Abey Furnishing Company Limited

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abey furnishing company limited Company Information

Live

MatureSmallHigh

Company Number

01316853

Website

www.abey-furniture.co.uk

Registered Address

107 cleethorpe road, grimsby, nr lincs, DN31 3ER

Industry

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

Telephone

441472211512

Next Accounts Due

October 2024

Group Structure

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Directors

Katrina Carroll24 Years

David Carroll24 Years

Shareholders

newscope trading ltd 100%

abey furnishing company limited Estimated Valuation

£497.8k

Pomanda estimates the enterprise value of ABEY FURNISHING COMPANY LIMITED at £497.8k based on a Turnover of £1.7m and 0.29x industry multiple (adjusted for size and gross margin).

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Abey Furnishing Company Limited is a live company located in nr lincs, DN31 3ER with a Companies House number of 01316853. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in June 1977, it's largest shareholder is newscope trading ltd with a 100% stake. Abey Furnishing Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with high growth in recent years.

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Pomanda's financial health check has awarded Abey Furnishing Company Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABEY FURNISHING COMPANY LIMITED group structure

Abey Furnishing Company Limited has no subsidiary companies.

Ultimate parent company

NEWSCOPE TRADING LIMITED

07111114

1 parent

ABEY FURNISHING COMPANY LIMITED

01316853

ABEY FURNISHING COMPANY LIMITED Shareholders

newscope trading ltd

100%

Abey Furnishing Company Limited currently has 2 directors. The longest serving directors include Mrs Katrina Carroll (Oct 1999) and Mr David Carroll (Oct 1999).

officer	country	age	start	end	role
Mrs Katrina Carroll		55 years	Oct 1999	-	Director
Mr David Carroll		59 years	Oct 1999	-	Director

EXPORT

Abey Furnishing Company Limited's latest turnover from January 2023 is estimated at £1.7 million and the company has net assets of £185.8 thousand. According to their latest financial statements, Abey Furnishing Company Limited has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	1,709,983	1,602,182	1,894,386	993,227	1,117,804	1,361,002	563,960	593,964	2,182,621	1,798,328	1,432,089	1,178,224	2,942,255	1,979,024
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,166,814	1,089,388	1,291,102	680,578	766,407	912,860	380,591	407,827	1,505,808	1,218,177	983,595	804,256	1,965,610	1,370,818
Gross Profit	543,169	512,793	603,284	312,649	351,398	448,143	183,369	186,137	676,812	580,151	448,495	373,968	976,645	608,206
Admin Expenses	542,611	510,473	578,407	312,550	357,538	406,682	194,766	188,480	670,137	561,331	382,001	688,269	973,325	64,692
Operating Profit	558	2,320	24,877	99	-6,140	41,461	-11,397	-2,343	6,675	18,820	66,494	-314,301	3,320	543,514
Interest Payable	0	0	0	0	0	534	1,087	596	0	0	0	0	0	0
Interest Receivable	0	0	82	753	235	156	89	136	108	133	108	98	263	200
Pre-Tax Profit	558	2,320	24,959	852	-5,905	41,083	-12,395	-2,803	6,784	18,953	66,603	-314,203	3,583	543,714
Tax	-106	-441	-4,742	-162	0	-7,806	0	0	-1,425	-4,359	-15,985	0	-1,003	-152,240
Profit After Tax	452	1,879	20,217	690	-5,905	33,277	-12,395	-2,803	5,359	14,594	50,618	-314,203	2,580	391,474
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	452	1,879	20,217	690	-5,905	33,277	-12,395	-2,803	5,359	14,594	50,618	-314,203	2,580	391,474
Employee Costs	375,670	371,232	427,608	303,752	308,888	327,860	330,709	331,352	294,300	239,357	187,886	168,387	394,006	232,941
Number Of Employees	12	12	15	12	12	12	12	12	11	10	8	7	17	9
EBITDA*	558	2,320	24,877	99	-6,140	41,461	-11,397	-2,343	6,675	18,820	66,494	-314,301	3,320	555,046

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	2	2	2	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	2	2	2	2	2	2	2	2	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2	2	2	2	2	2	2	2	2	2	2	0	0	0
Stock & work in progress	0	0	0	22,500	21,750	20,250	18,500	12,211	19,803	18,163	18,035	18,200	23,338	28,203
Trade Debtors	562,671	578,436	555,959	316,212	398,914	424,813	0	0	375,756	353,698	326,299	282,062	695,653	499,778
Group Debtors	0	0	0	0	0	0	335,071	379,542	0	0	0	0	0	0
Misc Debtors	17,788	33,756	6,048	0	0	0	35,791	10,226	0	0	0	0	0	0
Cash	0	0	0	164,039	36,670	26,046	36,243	35,139	19,361	23,871	29,471	13,881	25,489	79,821
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	580,459	612,192	562,007	502,751	457,334	471,109	425,605	437,118	414,920	395,732	373,805	314,143	744,480	607,802
total assets	580,461	612,194	562,009	502,753	457,336	471,111	425,607	437,120	414,922	395,734	373,807	314,143	744,480	607,802
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	166,122	164,495	115,829	303,999	256,935	267,495	61,245	68,376	226,467	214,300	205,452	204,870	330,276	196,178
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	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
other current liabilities	0	0	0	0	0	0	192,560	182,626	0	0	0	0	0	0
total current liabilities	166,122	164,495	115,829	303,999	256,935	267,495	253,805	251,002	226,467	214,300	205,452	204,870	330,276	196,178
loans	0	0	0	0	0	0	16,428	18,349	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	211,067	242,585	246,628	0	0	0	0	0	0	0	0	0	0	0
other liabilities	17,438	19,732	16,049	15,318	17,655	14,965	0	0	17,883	16,221	17,736	9,272	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	228,505	262,317	262,677	15,318	17,655	14,965	16,428	18,349	17,883	16,221	17,736	9,272	0	0
total liabilities	394,627	426,812	378,506	319,317	274,590	282,460	270,233	269,351	244,350	230,521	223,188	214,142	330,276	196,178
net assets	185,834	185,382	183,503	183,436	182,746	188,651	155,374	167,769	170,572	165,213	150,619	100,001	414,204	411,624
total shareholders funds	185,834	185,382	183,503	183,436	182,746	188,651	155,374	167,769	170,572	165,213	150,619	100,001	414,204	411,624

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	558	2,320	24,877	99	-6,140	41,461	-11,397	-2,343	6,675	18,820	66,494	-314,301	3,320	543,514
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	11,532
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-106	-441	-4,742	-162	0	-7,806	0	0	-1,425	-4,359	-15,985	0	-1,003	-152,240
Stock	0	0	-22,500	750	1,500	1,750	6,289	-7,592	1,640	128	-165	-5,138	-4,865	28,203
Debtors	-31,733	50,185	245,795	-82,702	-25,899	53,951	-18,906	14,012	22,058	27,399	44,237	-413,591	195,875	499,778
Creditors	1,627	48,666	-188,170	47,064	-10,560	206,250	-7,131	-158,091	12,167	8,848	582	-125,406	134,098	196,178
Accruals and Deferred Income	-31,518	-4,043	246,628	0	0	-192,560	9,934	182,626	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,294	-3,683	-144,702	128,953	7,699	-8,356	4,023	15,772	-6,281	-4,218	7,019	-20,978	-54,595	71,003
Investing Activities
capital expenditure	0	0	-2	0	0	0	0	0	0	0	0	0	0	-11,532
Change in Investments	0	0	-2	0	0	0	0	0	0	0	2	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	-2	0	0	-11,532
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-16,428	-1,921	18,349	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-2,294	3,683	731	-2,337	2,690	14,965	0	-17,883	1,662	-1,515	8,464	9,272	0	0
share issue	0	0	-20,150	0	0	0	0	0	0	0	0	0	0	20,150
interest	0	0	82	753	235	-378	-998	-460	108	133	108	98	263	200
cash flow from financing	-2,294	3,683	-19,337	-1,584	2,925	-1,841	-2,919	6	1,770	-1,382	8,572	9,370	263	20,350
cash and cash equivalents
cash	0	0	-164,039	127,369	10,624	-10,197	1,104	15,778	-4,510	-5,600	15,590	-11,608	-54,332	79,821
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	-164,039	127,369	10,624	-10,197	1,104	15,778	-4,510	-5,600	15,590	-11,608	-54,332	79,821

P&L

January 2023

turnover

1.7m

+7%

operating profit

558

gross margin

31.8%

-0.75%

turnover

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

Balance Sheet

January 2023

net assets

185.8k

total assets

580.5k

-0.05%

cash

net assets

Total assets minus all liabilities

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company number

01316853

Type

Private limited with Share Capital

industry

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

incorporation date

June 1977

age

accounts

Micro-Entity Accounts

ultimate parent company

NEWSCOPE TRADING LIMITED

previous names

robert abey furnishing company limited (September 1993)

incorporated

address

107 cleethorpe road, grimsby, nr lincs, DN31 3ER

last accounts submitted

January 2023

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 3 charges/mortgages relating to abey furnishing company limited. Currently there are 0 open charges and 3 have been satisfied in the past.

abey furnishing company limited Company Information

abey furnishing company limited Estimated Valuation

abey furnishing company limited Estimated Valuation

abey furnishing company limited Estimated Valuation

Abey Furnishing Company Limited AI Business Plan

Abey Furnishing Company Limited Overview

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ABEY FURNISHING COMPANY LIMITED financials

abey furnishing company limited company details

abey furnishing company limited Charges & Mortgages

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