Abey Furnishing Company Limited

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abey furnishing company limited Company Information

Live

MatureSmallDeclining

Company Number

01316853

Next Accounts

Oct 2025

Industry

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

Directors

David Carroll

Katrina Carroll

Shareholders

newscope trading ltd

Group Structure

View All

Contact

Registered Address

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

Website

www.abey-furniture.co.uk

abey furnishing company limited Estimated Valuation

£403.1k

Pomanda estimates the enterprise value of ABEY FURNISHING COMPANY LIMITED at £403.1k based on Net Assets of £185.8k and 2.17x industry multiple (adjusted for liquidity).

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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 £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Abey Furnishing Company Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (10.1%)

EXPORT

Abey Furnishing Company Limited's latest turnover from January 2024 is estimated at £1.2 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 £170.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	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	1,180,164	1,037,393	1,706,330	1,841,979	1,018,505	1,126,770	1,275,086	547,940	578,386	2,130,492	1,761,024	1,359,642	1,161,286	2,952,677	1,941,419
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	809,532	713,014	1,183,851	1,265,301	697,222	773,053	864,495	380,732	402,564	1,472,039	1,193,886	936,894	789,781	1,974,235	1,340,766
Gross Profit	370,632	324,379	522,479	576,678	321,283	353,717	410,591	167,208	175,822	658,453	567,138	422,748	371,504	978,442	600,653
Admin Expenses	382,819	349,231	520,159	551,801	321,184	359,857	369,130	178,605	178,165	651,778	548,318	356,254	685,805	975,122	57,139
Operating Profit	-12,187	-24,852	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	0	534	1,087	596	0	0	0	0	0	0
Interest Receivable	12,195	5,154	0	82	753	235	156	89	136	108	133	108	98	263	200
Pre-Tax Profit	8	-19,698	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	-2	0	-441	-4,742	-162	0	-7,806	0	0	-1,425	-4,359	-15,985	0	-1,003	-152,240
Profit After Tax	6	-19,698	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	0
Retained Profit	6	-19,698	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	414,383	384,257	371,232	424,084	331,149	320,217	328,515	326,546	331,352	267,546	235,473	187,242	164,149	385,873	233,654
Number Of Employees	12	12	12	15	12	12	12	12	12	10	10	8	7	17	9
EBITDA*	-12,187	-24,852	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 2024	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	0	0	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	0
Investments & Other	2	2	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	0
Total Fixed Assets	2	2	2	2	2	2	2	2	2	2	2	2	0	0	0
Stock & work in progress	23,459	22,959	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	285,102	263,003	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	0	335,071	379,542	0	0	0	0	0	0
Misc Debtors	0	0	33,756	6,048	0	0	0	35,791	10,226	0	0	0	0	0	0
Cash	170,082	294,497	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	0
total current assets	478,643	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	478,645	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	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	272,783	377,189	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	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	192,560	182,626	0	0	0	0	0	0
total current liabilities	272,783	377,189	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	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	0
Accruals and Deferred Income	0	0	242,585	246,628	0	0	0	0	0	0	0	0	0	0	0
other liabilities	20,022	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	0
total long term liabilities	20,022	17,438	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	292,805	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	185,840	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	185,840	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 2024	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	-12,187	-24,852	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	0	11,532
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2	0	-441	-4,742	-162	0	-7,806	0	0	-1,425	-4,359	-15,985	0	-1,003	-152,240
Stock	500	22,959	0	-22,500	750	1,500	1,750	6,289	-7,592	1,640	128	-165	-5,138	-4,865	28,203
Debtors	22,099	-349,189	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	-104,406	212,694	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	0	-242,585	-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	0
Cash flow from operations	-139,194	271,487	-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	2	0	-2	0	0	0	0	0	0	0	0	0	0	-11,532
Change in Investments	0	2	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	0	-2	0	0	-11,532
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	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	0
other long term liabilities	2,584	-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	20,150	0	-20,150	0	0	0	0	0	0	0	0	0	0	20,150
interest	12,195	5,154	0	82	753	235	-378	-998	-460	108	133	108	98	263	200
cash flow from financing	14,779	23,010	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	-124,415	294,497	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	0
change in cash	-124,415	294,497	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

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 abey furnishing company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in DN31 area or any other competitors across 12 key performance metrics.

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 Mr David Carroll (Oct 1999) and Mrs Katrina Carroll (Oct 1999).

officer	country	age	start	end	role
Mr David Carroll		60 years	Oct 1999	-	Director
Mrs Katrina Carroll		56 years	Oct 1999	-	Director

P&L

January 2024

turnover

1.2m

+14%

operating profit

-12.2k

gross margin

31.5%

+0.44%

turnover

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

Balance Sheet

January 2024

net assets

185.8k

total assets

478.6k

-0.18%

cash

170.1k

-0.42%

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

ultimate parent company

NEWSCOPE TRADING LIMITED

previous names

robert abey furnishing company limited (September 1993)

address

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

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.

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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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 Overview

Abey Furnishing Company Limited Health Check

ABEY FURNISHING COMPANY LIMITED financials

abey furnishing company limited Credit Report and Business Information

Abey Furnishing Company Limited Competitor Analysis

abey furnishing company limited Ownership

abey furnishing company limited directors

abey furnishing company limited company details

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