furniture village limited
furniture village limited Company Information
Company Number
02307708
Next Accounts
3 days late
Shareholders
furniture village group ltd
Group Structure
View All
Industry
Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
Registered Address
258 bath road, slough, berkshire, SL1 4DX
Website
www.furniturevillage.co.ukfurniture village limited Estimated Valuation
Pomanda estimates the enterprise value of FURNITURE VILLAGE LIMITED at £280.8m based on a Turnover of £358.8m and 0.78x industry multiple (adjusted for size and gross margin).
furniture village limited Estimated Valuation
Pomanda estimates the enterprise value of FURNITURE VILLAGE LIMITED at £137.8m based on an EBITDA of £16.1m and a 8.56x industry multiple (adjusted for size and gross margin).
furniture village limited Estimated Valuation
Pomanda estimates the enterprise value of FURNITURE VILLAGE LIMITED at £57.7m based on Net Assets of £27.3m and 2.12x industry multiple (adjusted for liquidity).
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Furniture Village Limited Overview
Furniture Village Limited is a live company located in berkshire, SL1 4DX with a Companies House number of 02307708. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in October 1988, it's largest shareholder is furniture village group ltd with a 100% stake. Furniture Village Limited is a mature, mega sized company, Pomanda has estimated its turnover at £358.8m with healthy growth in recent years.
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Furniture Village Limited Health Check
Pomanda's financial health check has awarded Furniture Village Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £358.8m, make it larger than the average company (£4.9m)
£358.8m - Furniture Village Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (6.9%)
12% - Furniture Village Limited
6.9% - Industry AVG
Production
with a gross margin of 46%, this company has a comparable cost of product (40.2%)
46% - Furniture Village Limited
40.2% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (3.6%)
2.3% - Furniture Village Limited
3.6% - Industry AVG
Employees
with 1207 employees, this is above the industry average (31)
1207 - Furniture Village Limited
31 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has a higher pay structure (£33.9k)
£49.6k - Furniture Village Limited
£33.9k - Industry AVG
Efficiency
resulting in sales per employee of £297.3k, this is more efficient (£170.5k)
£297.3k - Furniture Village Limited
£170.5k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (18 days)
4 days - Furniture Village Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 90 days, this is slower than average (35 days)
90 days - Furniture Village Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is less than average (76 days)
37 days - Furniture Village Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is less cash available to meet short term requirements (20 weeks)
13 weeks - Furniture Village Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.1%, this is a higher level of debt than the average (63%)
84.1% - Furniture Village Limited
63% - Industry AVG
FURNITURE VILLAGE LIMITED financials
Furniture Village Limited's latest turnover from July 2023 is £358.8 million and the company has net assets of £27.3 million. According to their latest financial statements, Furniture Village Limited has 1,207 employees and maintains cash reserves of £35.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Apr 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 358,781,000 | 474,914,000 | 255,079,000 | 255,038,000 | 265,176,000 | 262,060,000 | 238,064,000 | 213,912,000 | 196,979,000 | 185,699,000 | 181,765,000 | 170,533,000 | 180,706,000 | 172,368,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 193,771,000 | 266,339,000 | 138,242,000 | 135,538,000 | 143,422,000 | 139,513,000 | 123,670,000 | 111,227,000 | 103,307,000 | 98,621,000 | 96,905,000 | 89,721,000 | 92,945,000 | 87,462,000 |
| Gross Profit | 165,010,000 | 208,575,000 | 116,837,000 | 119,500,000 | 121,754,000 | 122,547,000 | 114,394,000 | 102,685,000 | 93,672,000 | 87,078,000 | 84,860,000 | 80,812,000 | 87,761,000 | 84,906,000 |
| Admin Expenses | 156,630,000 | 191,524,000 | 108,533,000 | 120,373,000 | 120,506,000 | 122,778,000 | 112,529,000 | 98,313,000 | 88,622,000 | 84,911,000 | 84,860,000 | 81,909,000 | 83,951,000 | 79,448,000 |
| Operating Profit | 8,380,000 | 17,051,000 | 8,304,000 | -873,000 | 1,248,000 | -231,000 | 1,865,000 | 4,372,000 | 5,050,000 | 2,167,000 | -1,097,000 | 3,810,000 | 5,458,000 | |
| Interest Payable | 249,000 | 272,000 | 273,000 | 244,000 | 250,000 | 249,000 | 243,000 | 249,000 | 245,000 | 251,000 | 247,000 | 262,000 | 235,000 | 246,000 |
| Interest Receivable | 391,000 | 74,000 | 44,000 | 106,000 | 72,000 | 58,000 | 73,000 | 61,000 | 51,000 | 26,000 | 31,000 | 51,000 | 99,000 | 283,000 |
| Pre-Tax Profit | 8,274,000 | 14,792,000 | 6,326,000 | -1,039,000 | 463,000 | -433,000 | 1,675,000 | 3,864,000 | 4,548,000 | 1,909,000 | -182,000 | -1,359,000 | 3,600,000 | 5,332,000 |
| Tax | -1,751,000 | -3,690,000 | -1,612,000 | -218,000 | -541,000 | -314,000 | -316,000 | -884,000 | -1,071,000 | -269,000 | -29,000 | 226,000 | -579,000 | -1,658,000 |
| Profit After Tax | 6,523,000 | 11,102,000 | 4,714,000 | -1,257,000 | -78,000 | -747,000 | 1,359,000 | 2,980,000 | 3,477,000 | 1,640,000 | -211,000 | -1,133,000 | 3,021,000 | 3,674,000 |
| Dividends Paid | 1,250,000 | 1,000,000 | 750,000 | 500,000 | 500,000 | 1,000,000 | 1,000,000 | 1,000,000 | 500,000 | 500,000 | 750,000 | 750,000 | ||
| Retained Profit | 6,523,000 | 9,852,000 | 3,714,000 | -2,007,000 | -578,000 | -1,247,000 | 359,000 | 1,980,000 | 2,477,000 | 1,140,000 | -711,000 | -1,883,000 | 2,271,000 | 3,674,000 |
| Employee Costs | 59,840,000 | 70,386,000 | 46,643,000 | 40,470,000 | 39,853,000 | 39,444,000 | 36,442,000 | 34,073,000 | 30,766,000 | 27,788,000 | 28,121,000 | 27,447,000 | 29,105,000 | 27,887,000 |
| Number Of Employees | 1,207 | 1,243 | 1,119 | 1,031 | 1,001 | 993 | 880 | 793 | 762 | 746 | 732 | 726 | 758 | 712 |
| EBITDA* | 16,093,000 | 24,923,000 | 13,715,000 | 4,289,000 | 6,160,000 | 4,221,000 | 5,208,000 | 7,637,000 | 8,150,000 | 5,636,000 | 3,377,000 | 2,088,000 | 6,868,000 | 8,257,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Apr 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,337,000 | 35,736,000 | 31,909,000 | 32,010,000 | 34,151,000 | 34,180,000 | 30,884,000 | 24,233,000 | 22,102,000 | 19,833,000 | 20,403,000 | 21,214,000 | 21,630,000 | 22,641,000 |
| Intangible Assets | 1,975,000 | 1,557,000 | 2,792,000 | 3,530,000 | 3,287,000 | 3,528,000 | 3,136,000 | 2,406,000 | 780,000 | |||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 36,312,000 | 37,293,000 | 34,701,000 | 35,540,000 | 37,438,000 | 37,708,000 | 34,020,000 | 26,639,000 | 22,882,000 | 19,833,000 | 20,403,000 | 21,214,000 | 21,630,000 | 22,641,000 |
| Stock & work in progress | 19,706,000 | 18,708,000 | 16,651,000 | 15,928,000 | 15,907,000 | 15,022,000 | 14,026,000 | 12,723,000 | 10,314,000 | 10,416,000 | 9,886,000 | 11,651,000 | 9,486,000 | 8,122,000 |
| Trade Debtors | 4,710,000 | 7,094,000 | 2,580,000 | 1,407,000 | 955,000 | 1,663,000 | 1,048,000 | 1,095,000 | 3,028,000 | 1,247,000 | 848,000 | 1,042,000 | 1,187,000 | 967,000 |
| Group Debtors | 60,702,000 | 42,289,000 | 35,581,000 | 34,589,000 | 33,891,000 | 33,193,000 | 32,367,000 | 31,916,000 | 29,781,000 | 29,324,000 | 24,958,000 | 22,952,000 | 19,973,000 | 16,257,000 |
| Misc Debtors | 14,963,000 | 15,549,000 | 10,342,000 | 10,819,000 | 10,317,000 | 10,954,000 | 11,146,000 | 10,633,000 | 9,622,000 | 7,906,000 | 8,501,000 | 8,866,000 | 6,800,000 | 7,234,000 |
| Cash | 35,159,000 | 48,549,000 | 37,626,000 | 23,845,000 | 13,636,000 | 15,245,000 | 16,675,000 | 20,079,000 | 12,845,000 | 4,986,000 | 5,890,000 | 9,940,000 | 11,792,000 | 15,324,000 |
| misc current assets | ||||||||||||||
| total current assets | 135,240,000 | 132,189,000 | 102,780,000 | 86,588,000 | 74,706,000 | 76,077,000 | 75,262,000 | 76,446,000 | 65,590,000 | 53,879,000 | 50,083,000 | 54,451,000 | 49,238,000 | 47,904,000 |
| total assets | 171,552,000 | 169,482,000 | 137,481,000 | 122,128,000 | 112,144,000 | 113,785,000 | 109,282,000 | 103,085,000 | 88,472,000 | 73,712,000 | 70,486,000 | 75,665,000 | 70,868,000 | 70,545,000 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 47,958,000 | 49,320,000 | 42,349,000 | 40,230,000 | 33,340,000 | 36,241,000 | 35,051,000 | 36,947,000 | 30,858,000 | 23,561,000 | 23,168,000 | 26,705,000 | 21,884,000 | 20,891,000 |
| Group/Directors Accounts | 34,932,000 | 19,710,000 | 18,238,000 | 17,016,000 | 16,044,000 | 15,321,000 | 14,600,000 | 13,378,000 | 12,156,000 | 10,934,000 | 10,197,000 | 9,490,000 | 8,523,000 | 7,551,000 |
| other short term finances | ||||||||||||||
| hp & lease commitments | 33,000 | 32,000 | 3,000 | 31,000 | ||||||||||
| other current liabilities | 52,800,000 | 57,140,000 | 48,273,000 | 42,757,000 | 40,227,000 | 41,323,000 | 38,674,000 | 31,900,000 | 26,906,000 | 20,233,000 | 19,169,000 | 19,827,000 | 17,894,000 | 21,013,000 |
| total current liabilities | 135,690,000 | 126,170,000 | 108,860,000 | 100,003,000 | 89,611,000 | 92,885,000 | 88,325,000 | 82,225,000 | 69,920,000 | 54,761,000 | 52,566,000 | 56,022,000 | 48,304,000 | 49,486,000 |
| loans | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | 3,150,000 | ||
| hp & lease commitments | 33,000 | 3,000 | ||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 3,150,000 | |||||||||||||
| provisions | 5,453,000 | 4,875,000 | 2,959,000 | 2,740,000 | 2,610,000 | 2,409,000 | 1,219,000 | 1,464,000 | 196,000 | 1,210,000 | 1,286,000 | 2,331,000 | 3,369,000 | 4,132,000 |
| total long term liabilities | 8,603,000 | 8,025,000 | 6,109,000 | 5,890,000 | 5,760,000 | 5,559,000 | 4,369,000 | 4,614,000 | 3,346,000 | 4,360,000 | 4,469,000 | 5,481,000 | 6,519,000 | 4,135,000 |
| total liabilities | 144,293,000 | 134,195,000 | 114,969,000 | 105,893,000 | 95,371,000 | 98,444,000 | 92,694,000 | 86,839,000 | 73,266,000 | 59,121,000 | 57,035,000 | 61,503,000 | 54,823,000 | 53,621,000 |
| net assets | 27,259,000 | 35,287,000 | 22,512,000 | 16,235,000 | 16,773,000 | 15,341,000 | 16,588,000 | 16,246,000 | 15,206,000 | 14,591,000 | 13,451,000 | 14,162,000 | 16,045,000 | 16,924,000 |
| total shareholders funds | 27,259,000 | 35,287,000 | 22,512,000 | 16,235,000 | 16,773,000 | 15,341,000 | 16,588,000 | 16,246,000 | 15,206,000 | 14,591,000 | 13,451,000 | 14,162,000 | 16,045,000 | 16,924,000 |
| Jul 2023 | Jul 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Apr 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 8,380,000 | 17,051,000 | 8,304,000 | -873,000 | 1,248,000 | -231,000 | 1,865,000 | 4,372,000 | 5,050,000 | 2,167,000 | -1,097,000 | 3,810,000 | 5,458,000 | |
| Depreciation | 6,745,000 | 6,929,000 | 4,866,000 | 4,725,000 | 4,469,000 | 4,373,000 | 3,133,000 | 2,620,000 | 2,384,000 | 3,469,000 | 3,377,000 | 3,185,000 | 3,058,000 | 2,799,000 |
| Amortisation | 968,000 | 943,000 | 545,000 | 437,000 | 443,000 | 79,000 | 210,000 | 645,000 | 716,000 | |||||
| Tax | -1,751,000 | -3,690,000 | -1,612,000 | -218,000 | -541,000 | -314,000 | -316,000 | -884,000 | -1,071,000 | -269,000 | -29,000 | 226,000 | -579,000 | -1,658,000 |
| Stock | 998,000 | 2,057,000 | 723,000 | 21,000 | 885,000 | 996,000 | 1,303,000 | 2,409,000 | -102,000 | 530,000 | -1,765,000 | 2,165,000 | 1,364,000 | 8,122,000 |
| Debtors | 15,443,000 | 16,429,000 | 1,688,000 | 1,652,000 | -647,000 | 1,249,000 | 917,000 | 1,213,000 | 3,954,000 | 4,170,000 | 1,447,000 | 4,900,000 | 3,502,000 | 24,458,000 |
| Creditors | -1,362,000 | 6,971,000 | 2,119,000 | 6,890,000 | -2,901,000 | 1,190,000 | -1,896,000 | 6,089,000 | 7,297,000 | 393,000 | -3,537,000 | 4,821,000 | 993,000 | 20,891,000 |
| Accruals and Deferred Income | -4,340,000 | 8,867,000 | 5,516,000 | 2,530,000 | -1,096,000 | 2,649,000 | 6,774,000 | 4,994,000 | 6,673,000 | 1,064,000 | -658,000 | 1,933,000 | -3,119,000 | 21,013,000 |
| Deferred Taxes & Provisions | 578,000 | 1,916,000 | 219,000 | 130,000 | 201,000 | 1,190,000 | -245,000 | 1,268,000 | -1,014,000 | -76,000 | -1,045,000 | -1,038,000 | -763,000 | 4,132,000 |
| Cash flow from operations | -7,223,000 | 20,501,000 | 17,546,000 | 11,948,000 | 1,585,000 | 6,691,000 | 7,305,000 | 15,482,000 | 16,183,000 | 2,048,000 | -1,574,000 | 965,000 | -1,466,000 | 20,055,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -8,603,000 | -10,698,000 | -7,011,000 | -2,555,000 | -3,211,000 | -2,384,000 | -2,956,000 | -2,455,000 | -3,057,000 | |||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -8,603,000 | -10,698,000 | -7,011,000 | -2,555,000 | -3,211,000 | -2,384,000 | -2,956,000 | -2,455,000 | -3,057,000 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 15,222,000 | 1,472,000 | 1,222,000 | 972,000 | 723,000 | 721,000 | 1,222,000 | 1,222,000 | 1,222,000 | 737,000 | 707,000 | 967,000 | 972,000 | 7,551,000 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | 3,150,000 | -3,150,000 | 3,150,000 | |||||||||||
| Hire Purchase and Lease Commitments | -33,000 | -32,000 | 65,000 | -3,000 | -31,000 | 34,000 | ||||||||
| other long term liabilities | -3,150,000 | 3,150,000 | ||||||||||||
| share issue | ||||||||||||||
| interest | 142,000 | -198,000 | -229,000 | -138,000 | -178,000 | -191,000 | -170,000 | -188,000 | -194,000 | -225,000 | -216,000 | -211,000 | -136,000 | 37,000 |
| cash flow from financing | 813,000 | 4,197,000 | 3,556,000 | 2,303,000 | 2,555,000 | 530,000 | 1,035,000 | 94,000 | -867,000 | 480,000 | 556,000 | 753,000 | 805,000 | 20,872,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -13,390,000 | 10,923,000 | 13,781,000 | 10,209,000 | -1,609,000 | -1,430,000 | -3,404,000 | 7,234,000 | 7,859,000 | -904,000 | -4,050,000 | -1,852,000 | -3,532,000 | 15,324,000 |
| overdraft | ||||||||||||||
| change in cash | -13,390,000 | 10,923,000 | 13,781,000 | 10,209,000 | -1,609,000 | -1,430,000 | -3,404,000 | 7,234,000 | 7,859,000 | -904,000 | -4,050,000 | -1,852,000 | -3,532,000 | 15,324,000 |
furniture village limited Credit Report and Business Information
Furniture Village Limited Competitor Analysis
Perform a competitor analysis for furniture village 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 SL1 area or any other competitors across 12 key performance metrics.
furniture village limited Ownership
FURNITURE VILLAGE LIMITED group structure
Furniture Village Limited has 1 subsidiary company.
Ultimate parent company
2 parents
FURNITURE VILLAGE LIMITED
02307708
1 subsidiary
furniture village limited directors
Furniture Village Limited currently has 9 directors. The longest serving directors include Mr Peter Harrison (Apr 1991) and Mr Eamon Wynne (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Harrison | England | 78 years | Apr 1991 | - | Director |
| Mr Eamon Wynne | England | 58 years | Oct 2020 | - | Director |
| Mr Charles Harrison | England | 41 years | Oct 2020 | - | Director |
| Mr Nicholas Hipkiss | 39 years | Jul 2022 | - | Director | |
| Mr Stephen McPartland | 48 years | Nov 2022 | - | Director | |
| Mr Matthew Cowan | England | 58 years | Jan 2023 | - | Director |
| Mr David Ayers | 58 years | Jan 2023 | - | Director | |
| Mrs Claudia Cooper | 53 years | Jan 2023 | - | Director | |
| Ms Julie Price | 49 years | Jul 2024 | - | Director |
P&L
July 2023turnover
358.8m
-24%
operating profit
8.4m
-51%
gross margin
46%
+4.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
27.3m
-0.23%
total assets
171.6m
+0.01%
cash
35.2m
-0.28%
net assets
Total assets minus all liabilities
Similar Companies
furniture village limited company details
company number
02307708
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
October 1988
age
37
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
July 2023
previous names
furniture village plc (December 2001)
kiteshield plc (December 1988)
accountant
-
auditor
-
address
258 bath road, slough, berkshire, SL1 4DX
Bank
BANK OF SCOTLAND
Legal Advisor
-
furniture village 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 9 charges/mortgages relating to furniture village limited. Currently there are 1 open charges and 8 have been satisfied in the past.
furniture village 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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furniture village limited Companies House Filings - See Documents
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