Puremystic Limited

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puremystic limited Company Information

Live

MatureSmallHealthy

Company Number

02102784

Website

http://chasedirect.co.uk

Registered Address

58 oldham street, manchester, M4 1LE

Industry

Retail sale of musical instruments and scores in specialised stores

Telephone

01612368090

Next Accounts Due

629 days late

Group Structure

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Directors

Amrik Singh29 Years

Shareholders

amrik singh 100%

puremystic limited Estimated Valuation

£710.5k

Pomanda estimates the enterprise value of PUREMYSTIC LIMITED at £710.5k based on a Turnover of £2.7m and 0.26x industry multiple (adjusted for size and gross margin).

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Puremystic Limited is a live company located in manchester, M4 1LE with a Companies House number of 02102784. It operates in the retail sale of musical instruments and scores sector, SIC Code 47591. Founded in February 1987, it's largest shareholder is amrik singh with a 100% stake. Puremystic Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Puremystic Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £2.7m, make it larger than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a slower rate (25.2%)

EXPORT

Puremystic Limited's latest turnover from March 2021 is estimated at £2.7 million and the company has net assets of -£466.3 thousand. According to their latest financial statements, Puremystic Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2021	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,713,840	1,891,561	2,371,668	1,780,747	861,180	574,223	448,804	788,403	1,120,692	643,323
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,902,841	1,343,871	1,712,606	1,319,817	617,605	416,925	323,043	562,041	784,750	458,644
Gross Profit	810,999	547,690	659,061	460,930	243,575	157,298	125,761	226,362	335,941	184,679
Admin Expenses	1,277,328	693,273	808,907	350,433	138,392	74,749	115,230	223,499	334,502	129,005
Operating Profit	-466,329	-145,583	-149,846	110,497	105,183	82,549	10,531	2,863	1,439	55,674
Interest Payable	0	26,721	27,376	27,753	27,936	14,340	0	0	0	0
Interest Receivable	0	156	48	228	283	118	34	2	41	40
Pre-Tax Profit	-466,329	-172,147	-177,174	82,973	77,530	68,327	10,566	2,865	1,479	55,714
Tax	0	0	0	-16,594	-16,281	-15,715	-2,536	-745	-414	-15,600
Profit After Tax	-466,329	-172,147	-177,174	66,378	61,249	52,612	8,030	2,120	1,065	40,114
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-466,329	-172,147	-177,174	66,378	61,249	52,612	8,030	2,120	1,065	40,114
Employee Costs	104,918	155,301	187,730	198,456	99,475	92,336	49,054	129,140	194,347	230,033
Number Of Employees	4	8	11	10	4	3	2	6	9	19
EBITDA*	-466,329	-145,583	-149,846	110,497	105,183	82,549	10,531	2,863	1,439	55,674

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2021	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,274	2,274	2,274	2,274	2,274	2,274	2,274	2,274	2,274	2,274
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	2,274	2,274	2,274	2,274	2,274	2,274	2,274	2,274	2,274	2,274
Stock & work in progress	0	1,255,000	1,275,000	1,297,550	992,750	926,000	795,176	910,000	900,000	830,000
Trade Debtors	1,336,037	0	0	0	0	751	1,275	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	36,308	26,185	12,043	79,349	33,934	13,305	455	269	15,987
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,336,037	1,291,308	1,301,185	1,309,593	1,072,099	960,685	809,756	910,455	900,269	845,987
total assets	1,338,311	1,293,582	1,303,459	1,311,867	1,074,373	962,959	812,030	912,729	902,543	848,261
Bank overdraft	0	40,776	32,784	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	467,014	637,019	509,499	338,214	195,330	207,693	182,320	274,987	352,628	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	49,770	9,529	21,439	0	0	0	0	0	241,275
total current liabilities	467,014	727,565	551,812	359,653	195,330	207,693	182,320	274,987	352,628	241,275
loans	0	340,958	407,653	435,591	418,346	441,225	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	1,337,626	342,712	289,500	284,955	295,407	210,000	578,281	594,343	508,636	566,772
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,337,626	683,670	697,153	720,546	713,753	651,225	578,281	594,343	508,636	566,772
total liabilities	1,804,640	1,411,235	1,248,965	1,080,199	909,083	858,918	760,601	869,330	861,264	808,047
net assets	-466,329	-117,653	54,494	231,668	165,290	104,041	51,429	43,399	41,279	40,214
total shareholders funds	-466,329	-117,653	54,494	231,668	165,290	104,041	51,429	43,399	41,279	40,214

	Mar 2021	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-466,329	-145,583	-149,846	110,497	105,183	82,549	10,531	2,863	1,439	55,674
Depreciation	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-16,594	-16,281	-15,715	-2,536	-745	-414	-15,600
Stock	0	-20,000	-22,550	304,800	66,750	130,824	-114,824	10,000	70,000	830,000
Debtors	1,336,037	0	0	0	-751	-524	1,275	0	0	0
Creditors	467,014	127,520	171,285	142,884	-12,363	25,373	-92,667	-77,641	352,628	0
Accruals and Deferred Income	0	40,241	-11,910	21,439	0	0	0	0	-241,275	241,275
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,335,352	42,178	32,079	-46,574	10,540	-38,093	28,877	-85,523	42,378	-548,651
Investing Activities
capital expenditure	-2,274	0	0	0	0	0	0	0	0	-2,274
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,274	0	0	0	0	0	0	0	0	-2,274
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-66,695	-27,938	17,245	-22,879	441,225	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	1,337,626	53,212	4,545	-10,452	85,407	-368,281	-16,062	85,707	-58,136	566,772
share issue	0	0	0	0	0	0	0	0	0	100
interest	0	-26,565	-27,328	-27,525	-27,653	-14,222	34	2	41	40
cash flow from financing	1,337,626	-40,048	-50,721	-20,732	34,875	58,722	-16,028	85,709	-58,095	566,912
cash and cash equivalents
cash	0	10,123	14,142	-67,306	45,415	20,629	12,850	186	-15,718	15,987
overdraft	0	7,992	32,784	0	0	0	0	0	0	0
change in cash	0	2,131	-18,642	-67,306	45,415	20,629	12,850	186	-15,718	15,987

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 puremystic 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 M 4 area or any other competitors across 12 key performance metrics.

PUREMYSTIC LIMITED group structure

Puremystic Limited has no subsidiary companies.

Ultimate parent company

PUREMYSTIC LIMITED

02102784

PUREMYSTIC LIMITED Shareholders

amrik singh

100%

Puremystic Limited currently has 1 director, Mr Amrik Singh serving since May 1995.

officer	country	age	start	end	role
Mr Amrik Singh		73 years	May 1995	-	Director

P&L

March 2021

turnover

2.7m

operating profit

-466.3k

gross margin

29.9%

turnover

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

Balance Sheet

March 2021

net assets

-466.3k

total assets

1.3m

cash

net assets

Total assets minus all liabilities

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company number

02102784

Type

Private limited with Share Capital

industry

47591 - Retail sale of musical instruments and scores in specialised stores

incorporation date

February 1987

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2021

address

58 oldham street, manchester, M4 1LE

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 did not find charges/mortgages relating to puremystic limited.

puremystic limited Company Information

puremystic limited Estimated Valuation

puremystic limited Estimated Valuation

puremystic limited Estimated Valuation

Puremystic Limited Overview

Puremystic Limited Health Check

PUREMYSTIC LIMITED financials

puremystic limited Credit Report and Business Information

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puremystic limited Ownership

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