sofology limited
sofology limited Company Information
Company Number
01778734
Next Accounts
Mar 2025
Industry
Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
Shareholders
dfs furniture company limited
Group Structure
View All
Contact
Registered Address
sofology limited ashton road, golborne, warrington, WA3 3UL
Website
www.sofology.co.uksofology limited Estimated Valuation
Pomanda estimates the enterprise value of SOFOLOGY LIMITED at £215.1m based on a Turnover of £230.4m and 0.93x industry multiple (adjusted for size and gross margin).
sofology limited Estimated Valuation
Pomanda estimates the enterprise value of SOFOLOGY LIMITED at £340.5m based on an EBITDA of £32.7m and a 10.41x industry multiple (adjusted for size and gross margin).
sofology limited Estimated Valuation
Pomanda estimates the enterprise value of SOFOLOGY LIMITED at £2.5m based on Net Assets of £1m and 2.54x industry multiple (adjusted for liquidity).
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Sofology Limited Overview
Sofology Limited is a live company located in warrington, WA3 3UL with a Companies House number of 01778734. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in December 1983, it's largest shareholder is dfs furniture company limited with a 100% stake. Sofology Limited is a mature, mega sized company, Pomanda has estimated its turnover at £230.4m with high growth in recent years.
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Sofology Limited Health Check
Pomanda's financial health check has awarded Sofology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £230.4m, make it larger than the average company (£3.8m)
£230.4m - Sofology Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.6%)
17% - Sofology Limited
6.6% - Industry AVG
Production
with a gross margin of 53.6%, this company has a lower cost of product (41%)
53.6% - Sofology Limited
41% - Industry AVG
Profitability
an operating margin of 6.3% make it more profitable than the average company (3.5%)
6.3% - Sofology Limited
3.5% - Industry AVG
Employees
with 938 employees, this is above the industry average (22)
938 - Sofology Limited
22 - Industry AVG
Pay Structure
on an average salary of £36.5k, the company has an equivalent pay structure (£33.3k)
£36.5k - Sofology Limited
£33.3k - Industry AVG
Efficiency
resulting in sales per employee of £245.6k, this is more efficient (£165.6k)
£245.6k - Sofology Limited
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (14 days)
2 days - Sofology Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (38 days)
50 days - Sofology Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 57 days, this is less than average (76 days)
57 days - Sofology Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (19 weeks)
2 weeks - Sofology Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.3%, this is a higher level of debt than the average (67.1%)
99.3% - Sofology Limited
67.1% - Industry AVG
SOFOLOGY LIMITED financials
Sofology Limited's latest turnover from June 2023 is £230.4 million and the company has net assets of £1 million. According to their latest financial statements, Sofology Limited has 938 employees and maintains cash reserves of £4.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 230,400,000 | 242,900,000 | 214,600,000 | 143,641,000 | 291,423,000 | 159,718,000 | 143,008,000 | 142,860,000 | 102,373,000 | 101,312,010 | 89,167,877 | 63,662,774 | 61,811,713 | 62,017,844 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 107,000,000 | 121,600,000 | 101,800,000 | 72,316,000 | 143,617,000 | 82,278,000 | 70,488,000 | 72,597,000 | 54,651,000 | 60,327,436 | 53,693,139 | 38,465,647 | 39,103,481 | 36,666,292 |
| Gross Profit | 123,400,000 | 121,300,000 | 112,800,000 | 71,325,000 | 147,806,000 | 77,440,000 | 72,520,000 | 70,263,000 | 47,722,000 | 40,984,574 | 35,474,738 | 25,197,127 | 22,708,232 | 25,351,552 |
| Admin Expenses | 108,800,000 | 109,800,000 | 95,200,000 | 89,991,000 | 150,513,000 | 87,044,000 | 78,811,000 | 70,089,000 | 61,344,000 | 40,567,134 | 32,984,290 | 25,004,128 | 22,066,481 | 20,818,433 |
| Operating Profit | 14,600,000 | 11,500,000 | 17,600,000 | -18,666,000 | -2,707,000 | -9,604,000 | -6,291,000 | 174,000 | -13,622,000 | 417,440 | 2,490,448 | 192,999 | 641,751 | 4,533,119 |
| Interest Payable | 4,400,000 | 4,500,000 | 4,300,000 | 4,455,000 | 185,000 | 2,937,000 | 1,847,000 | 640,000 | 10,000 | 6,486 | 7,460 | 7,460 | 7,325 | 6,018 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 81,000 | 1,085,000 | 49,474 | 20,429 | 15,179 | 6,007 | 35,641 |
| Pre-Tax Profit | 10,200,000 | 7,000,000 | 13,300,000 | -23,121,000 | -2,892,000 | -12,639,000 | -8,917,000 | -385,000 | -12,547,000 | 460,428 | 2,503,417 | 200,718 | 640,433 | 4,562,742 |
| Tax | -2,600,000 | -2,000,000 | 500,000 | 3,672,000 | 2,584,000 | 0 | 0 | 0 | 210,000 | -24,869 | -879,130 | -114,854 | -267,910 | -1,326,826 |
| Profit After Tax | 7,600,000 | 5,000,000 | 13,800,000 | -19,449,000 | -308,000 | -12,639,000 | -8,917,000 | -385,000 | -12,337,000 | 435,559 | 1,624,287 | 85,864 | 372,523 | 3,235,916 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,500,000 | 112,218 | 2,268,569 | 0 | 2,000,000 |
| Retained Profit | 7,600,000 | 5,000,000 | 13,800,000 | -19,449,000 | -308,000 | -12,639,000 | -8,917,000 | -385,000 | -12,337,000 | -1,064,441 | 1,512,069 | -2,182,705 | 372,523 | 1,235,916 |
| Employee Costs | 34,200,000 | 34,900,000 | 44,400,000 | 34,258,000 | 53,156,000 | 30,984,000 | 28,666,000 | 27,844,000 | 22,729,000 | 18,380,554 | 15,006,670 | 12,141,066 | 10,700,533 | 10,205,143 |
| Number Of Employees | 938 | 999 | 1,075 | 1,140 | 1,132 | 1,074 | 912 | 852 | 788 | 750 | 594 | 529 | 460 | 433 |
| EBITDA* | 32,700,000 | 28,900,000 | 35,400,000 | -405,000 | 4,997,000 | -5,311,000 | -2,832,000 | 2,890,000 | -13,622,000 | 1,744,422 | 3,590,923 | 1,087,961 | 1,413,399 | 5,334,557 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 78,800,000 | 84,800,000 | 91,700,000 | 91,768,000 | 18,760,000 | 19,116,000 | 16,089,000 | 14,344,000 | 12,044,000 | 9,051,271 | 6,339,680 | 5,689,823 | 4,501,592 | 4,389,715 |
| Intangible Assets | 1,600,000 | 2,100,000 | 2,000,000 | 1,744,000 | 1,677,000 | 1,279,000 | 1,091,000 | 322,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,100,000 | 1,200,000 | 0 | 94,000 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 900,000 | 4,000,000 | 6,256,000 | 2,584,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 82,500,000 | 86,000,000 | 89,700,000 | 87,256,000 | 20,437,000 | 20,395,000 | 17,180,000 | 14,666,000 | 12,044,000 | 9,051,275 | 6,339,684 | 5,689,823 | 4,501,592 | 4,389,715 |
| Stock & work in progress | 16,800,000 | 17,000,000 | 18,700,000 | 16,779,000 | 9,799,000 | 11,164,000 | 8,400,000 | 7,081,000 | 5,386,000 | 8,194,495 | 6,263,004 | 6,567,204 | 5,479,203 | 3,683,834 |
| Trade Debtors | 1,300,000 | 800,000 | 1,300,000 | 262,000 | 385,000 | 464,000 | 425,000 | 0 | 0 | 432,999 | 275,426 | 0 | 0 | 0 |
| Group Debtors | 36,900,000 | 21,400,000 | 28,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 500,000 | 0 | 1,380,647 | 1,850,204 |
| Misc Debtors | 800,000 | 6,900,000 | 1,100,000 | 1,534,000 | 7,614,000 | 3,628,000 | 3,409,000 | 3,476,000 | 3,129,000 | 5,595,264 | 2,584,936 | 2,609,566 | 2,441,721 | 1,900,634 |
| Cash | 4,300,000 | 7,000,000 | 6,700,000 | 12,792,000 | 15,351,000 | 4,833,000 | 6,693,000 | 6,048,000 | 2,992,000 | 8,030,763 | 9,883,445 | 4,934,108 | 5,204,213 | 8,883,160 |
| misc current assets | 200,000 | 3,100,000 | 0 | 1,458,000 | 0 | 33,000 | 132,000 | 630,000 | 773,000 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 60,300,000 | 56,200,000 | 56,000,000 | 32,825,000 | 33,149,000 | 20,122,000 | 19,059,000 | 17,235,000 | 12,280,000 | 22,753,521 | 19,506,811 | 14,110,878 | 14,505,784 | 16,317,832 |
| total assets | 142,800,000 | 142,200,000 | 145,700,000 | 120,081,000 | 53,586,000 | 40,517,000 | 36,239,000 | 31,901,000 | 24,324,000 | 31,804,796 | 25,846,495 | 19,800,701 | 19,007,376 | 20,707,547 |
| 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 | 14,800,000 | 20,900,000 | 14,300,000 | 7,144,000 | 25,289,000 | 15,588,000 | 16,438,000 | 13,871,000 | 13,862,000 | 13,754,458 | 9,330,808 | 8,010,089 | 6,566,860 | 6,690,569 |
| Group/Directors Accounts | 8,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,627,217 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 833,000 | 612,000 | 2,854,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 16,600,000 | 17,500,000 | 16,100,000 | 17,268,000 | 965,000 | 0 | 0 | 333,000 | 0 | 4,181 | 32,667 | 37,108 | 37,108 | 37,108 |
| other current liabilities | 43,800,000 | 46,500,000 | 63,900,000 | 59,239,000 | 24,359,000 | 23,961,000 | 13,922,000 | 15,130,000 | 13,820,000 | 8,695,570 | 8,087,913 | 5,233,021 | 3,986,512 | 3,685,183 |
| total current liabilities | 83,300,000 | 84,900,000 | 94,300,000 | 83,651,000 | 50,613,000 | 40,382,000 | 30,972,000 | 32,188,000 | 27,682,000 | 22,454,209 | 17,451,388 | 13,280,218 | 10,590,480 | 12,040,077 |
| loans | 0 | 117,800,000 | 126,700,000 | 117,944,000 | 2,708,000 | 2,202,000 | 30,200,000 | 6,220,000 | 20,000 | 458,333 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 57,400,000 | 58,900,000 | 63,200,000 | 58,972,000 | 1,354,000 | 0 | 1,192,000 | 756,000 | 0 | 0 | 4,144 | 36,811 | 73,919 | 111,161 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 7,321,000 | 5,159,000 | 3,352,000 | 2,007,000 | 2,962,000 | 2,378,670 | 879,251 | 452,640 | 112,500 | 120,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,100,000 | 2,000,000 | 2,000,000 | 2,562,000 | 954,000 | 0 | 0 | 0 | 0 | 210,981 | 144,668 | 176,057 | 192,797 | 218,682 |
| total long term liabilities | 58,500,000 | 59,900,000 | 64,500,000 | 60,253,000 | 9,152,000 | 6,260,000 | 18,452,000 | 5,117,000 | 2,982,000 | 3,047,984 | 1,028,063 | 665,508 | 379,216 | 449,843 |
| total liabilities | 141,800,000 | 144,800,000 | 158,800,000 | 143,904,000 | 59,765,000 | 46,642,000 | 49,424,000 | 37,305,000 | 30,664,000 | 25,502,193 | 18,479,451 | 13,945,726 | 10,969,696 | 12,489,920 |
| net assets | 1,000,000 | -2,600,000 | -13,100,000 | -23,823,000 | -6,179,000 | -6,125,000 | -13,185,000 | -5,404,000 | -6,340,000 | 6,302,603 | 7,367,044 | 5,854,975 | 8,037,680 | 8,217,627 |
| total shareholders funds | 1,000,000 | -2,600,000 | -13,100,000 | -23,823,000 | -6,179,000 | -6,125,000 | -13,185,000 | -5,404,000 | -6,340,000 | 6,302,603 | 7,367,044 | 5,854,975 | 8,037,680 | 8,217,627 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 14,600,000 | 11,500,000 | 17,600,000 | -18,666,000 | -2,707,000 | -9,604,000 | -6,291,000 | 174,000 | -13,622,000 | 417,440 | 2,490,448 | 192,999 | 641,751 | 4,533,119 |
| Depreciation | 17,000,000 | 16,200,000 | 16,800,000 | 17,306,000 | 6,793,000 | 4,293,000 | 3,459,000 | 2,701,000 | 0 | 1,326,982 | 1,100,475 | 894,962 | 771,648 | 801,438 |
| Amortisation | 1,100,000 | 1,200,000 | 1,000,000 | 955,000 | 911,000 | 0 | 0 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -2,600,000 | -2,000,000 | 500,000 | 3,672,000 | 2,584,000 | 0 | 0 | 0 | 210,000 | -24,869 | -879,130 | -114,854 | -267,910 | -1,326,826 |
| Stock | -200,000 | -1,700,000 | 1,921,000 | 6,980,000 | 9,799,000 | 2,764,000 | 1,319,000 | 1,695,000 | -2,808,495 | 1,931,491 | -304,200 | 1,088,001 | 1,795,369 | 3,683,834 |
| Debtors | 9,000,000 | -4,600,000 | 26,548,000 | -2,531,000 | 10,583,000 | 258,000 | 358,000 | 347,000 | -3,399,263 | 3,167,901 | 750,796 | -1,212,802 | 71,530 | 3,750,838 |
| Creditors | -6,100,000 | 6,600,000 | 7,156,000 | -18,145,000 | 25,289,000 | -850,000 | 2,567,000 | 9,000 | 107,542 | 4,423,650 | 1,320,719 | 1,443,229 | -123,709 | 6,690,569 |
| Accruals and Deferred Income | -2,700,000 | -17,400,000 | 4,661,000 | 27,559,000 | 31,680,000 | 11,846,000 | 137,000 | 355,000 | 5,707,760 | 2,107,076 | 3,281,503 | 1,586,649 | 293,829 | 3,805,183 |
| Deferred Taxes & Provisions | -900,000 | 0 | -562,000 | 1,608,000 | 954,000 | 0 | 0 | 0 | -210,981 | 66,313 | -31,389 | -16,740 | -25,885 | 218,682 |
| Cash flow from operations | 11,600,000 | 22,400,000 | 18,686,000 | 9,840,000 | 45,122,000 | 2,663,000 | -1,805,000 | 1,212,000 | -1,599,921 | 3,217,200 | 6,836,030 | 4,111,046 | -577,175 | 7,287,493 |
| Investing Activities | ||||||||||||||
| capital expenditure | -4,041,844 | -1,747,962 | -2,073,211 | -935,178 | -564,139 | |||||||||
| Change in Investments | 900,000 | 1,200,000 | -94,000 | 94,000 | 0 | 0 | 0 | 0 | -4 | 0 | 4 | 0 | 0 | 0 |
| cash flow from investments | -4,041,844 | -1,747,966 | -2,073,211 | -935,178 | -564,139 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,627,217 | 1,627,217 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 221,000 | -2,242,000 | 2,854,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -117,800,000 | -8,900,000 | 8,756,000 | 115,236,000 | 2,708,000 | -27,998,000 | 23,980,000 | 6,200,000 | -438,333 | 458,333 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,400,000 | -2,900,000 | 3,060,000 | 73,921,000 | 2,319,000 | -1,192,000 | 103,000 | 1,089,000 | -4,181 | -32,630 | -37,108 | -37,108 | -37,242 | 148,269 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -4,400,000 | -4,500,000 | -4,300,000 | -4,455,000 | -185,000 | -2,937,000 | -1,847,000 | -559,000 | 1,075,000 | 42,988 | 12,969 | 7,719 | -1,318 | 29,623 |
| cash flow from financing | -120,500,000 | -10,800,000 | 4,439,000 | 186,507,000 | -1,029,000 | -12,207,000 | 21,130,000 | 10,905,000 | 326,883 | 468,691 | -24,139 | -29,389 | -2,218,247 | 8,786,820 |
| cash and cash equivalents | ||||||||||||||
| cash | -2,700,000 | 300,000 | -6,092,000 | -2,559,000 | 15,351,000 | -1,860,000 | 645,000 | 3,056,000 | -5,038,763 | -1,852,682 | 4,949,337 | -270,105 | -3,678,947 | 8,883,160 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,700,000 | 300,000 | -6,092,000 | -2,559,000 | 15,351,000 | -1,860,000 | 645,000 | 3,056,000 | -5,038,763 | -1,852,682 | 4,949,337 | -270,105 | -3,678,947 | 8,883,160 |
sofology limited Credit Report and Business Information
Sofology Limited Competitor Analysis
Perform a competitor analysis for sofology limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in WA3 area or any other competitors across 12 key performance metrics.
sofology limited Ownership
SOFOLOGY LIMITED group structure
Sofology Limited has 6 subsidiary companies.
Ultimate parent company
2 parents
SOFOLOGY LIMITED
01778734
6 subsidiaries
sofology limited directors
Sofology Limited currently has 3 directors. The longest serving directors include Mr Timothy Stacey (Nov 2018) and Mrs Emma Dinnis (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Stacey | 53 years | Nov 2018 | - | Director | |
| Mrs Emma Dinnis | England | 47 years | Oct 2022 | - | Director |
| Mr John Fallon | 54 years | Nov 2022 | - | Director |
P&L
June 2023turnover
230.4m
-5%
operating profit
14.6m
+27%
gross margin
53.6%
+7.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1m
-1.38%
total assets
142.8m
0%
cash
4.3m
-0.39%
net assets
Total assets minus all liabilities
Similar Companies
sofology limited company details
company number
01778734
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
December 1983
age
41
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
sofaworks limited (February 2016)
c. s. lounge suites limited (December 2013)
accountant
-
auditor
KPMG LLP
address
sofology limited ashton road, golborne, warrington, WA3 3UL
Bank
BARCLAYS BANK PLC
Legal Advisor
-
sofology 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 13 charges/mortgages relating to sofology limited. Currently there are 1 open charges and 12 have been satisfied in the past.
sofology limited Companies House Filings - See Documents
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