floorwise (north east) limited
floorwise (north east) limited Company Information
Company Number
02320793
Website
www.floorwise.co.ukRegistered Address
4th floor cathedral buildings, dean street, newcastle upon tyne, NE1 1PG
Industry
Wholesale of household goods (other than musical instruments) n.e.c.
Telephone
01914107070
Next Accounts Due
June 2024
Group Structure
View All
Directors
Andrew Duce28 Years
Shareholders
mca floorwise ltd 100%
floorwise (north east) limited Estimated Valuation
Pomanda estimates the enterprise value of FLOORWISE (NORTH EAST) LIMITED at £2.1m based on a Turnover of £7.5m and 0.28x industry multiple (adjusted for size and gross margin).
floorwise (north east) limited Estimated Valuation
Pomanda estimates the enterprise value of FLOORWISE (NORTH EAST) LIMITED at £151.3k based on an EBITDA of £39.6k and a 3.82x industry multiple (adjusted for size and gross margin).
floorwise (north east) limited Estimated Valuation
Pomanda estimates the enterprise value of FLOORWISE (NORTH EAST) LIMITED at £997.5k based on Net Assets of £517.9k and 1.93x industry multiple (adjusted for liquidity).
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Floorwise (north East) Limited Overview
Floorwise (north East) Limited is a dissolved company that was located in newcastle upon tyne, NE1 1PG with a Companies House number of 02320793. It operated in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46499. Founded in November 1988, it's largest shareholder was mca floorwise ltd with a 100% stake. The last turnover for Floorwise (north East) Limited was estimated at £7.5m.
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Floorwise (north East) Limited Health Check
Pomanda's financial health check has awarded Floorwise (North East) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £7.5m, make it smaller than the average company (£15.9m)
- Floorwise (north East) Limited
£15.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4.2%)
- Floorwise (north East) Limited
4.2% - Industry AVG
Production
with a gross margin of 30.9%, this company has a comparable cost of product (30.9%)
- Floorwise (north East) Limited
30.9% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (4.1%)
- Floorwise (north East) Limited
4.1% - Industry AVG
Employees
with 20 employees, this is below the industry average (52)
20 - Floorwise (north East) Limited
52 - Industry AVG
Pay Structure
on an average salary of £37.2k, the company has an equivalent pay structure (£37.2k)
- Floorwise (north East) Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £375.3k, this is more efficient (£308.4k)
- Floorwise (north East) Limited
£308.4k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (53 days)
- Floorwise (north East) Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 98 days, this is slower than average (30 days)
- Floorwise (north East) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (91 days)
- Floorwise (north East) Limited
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Floorwise (north East) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.5%, this is a higher level of debt than the average (59.1%)
77.5% - Floorwise (north East) Limited
59.1% - Industry AVG
FLOORWISE (NORTH EAST) LIMITED financials
Floorwise (North East) Limited's latest turnover from October 2018 is estimated at £7.5 million and the company has net assets of £517.9 thousand. According to their latest financial statements, Floorwise (North East) Limited has 20 employees and maintains cash reserves of £32.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 20 | 17 | 12 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 116,336 | 119,490 | 213,939 | 223,577 | 181,129 | 156,325 | 63,242 | 39,168 | 46,030 | 64,230 |
| 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 | 116,336 | 119,490 | 213,939 | 223,577 | 181,129 | 156,325 | 63,242 | 39,168 | 46,030 | 64,230 |
| Stock & work in progress | 543,739 | 507,133 | 484,624 | 415,506 | 408,912 | 348,562 | 219,403 | 135,217 | 153,035 | 185,613 |
| Trade Debtors | 1,415,466 | 755,249 | 1,017,474 | 800,272 | 900,282 | 645,964 | 588,967 | 228,240 | 218,844 | 241,277 |
| Group Debtors | 151,129 | 459 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 40,163 | 34,872 | 56,572 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 32,885 | 197,395 | 114,449 | 43,546 | 0 | 221 | 230 | 200 | 0 | 0 |
| misc current assets | 0 | 0 | 19,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,183,382 | 1,495,108 | 1,692,819 | 1,259,324 | 1,309,194 | 994,747 | 808,600 | 363,657 | 371,879 | 426,890 |
| total assets | 2,299,718 | 1,614,598 | 1,906,758 | 1,482,901 | 1,490,323 | 1,151,072 | 871,842 | 402,825 | 417,909 | 491,120 |
| Bank overdraft | 285,853 | 89,764 | 406,218 | 0 | 0 | 0 | 0 | 98,912 | 94,815 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,397,858 | 896,113 | 718,479 | 1,006,984 | 1,098,094 | 849,928 | 641,766 | 213,359 | 233,454 | 367,756 |
| 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 | 66,087 | 79,656 | 214,096 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,749,798 | 1,065,533 | 1,338,793 | 1,006,984 | 1,098,094 | 849,928 | 641,766 | 312,271 | 328,269 | 367,756 |
| loans | 0 | 0 | 48,173 | 0 | 0 | 0 | 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 | 9,897 | 9,611 | 19,881 | 86,756 | 57,589 | 58,249 | 7,383 | 0 | 0 | 5,903 |
| provisions | 22,104 | 22,704 | 22,817 | 23,487 | 16,152 | 10,283 | 8,025 | 5,126 | 4,748 | 3,965 |
| total long term liabilities | 32,001 | 32,315 | 90,871 | 110,243 | 73,741 | 68,532 | 15,408 | 5,126 | 4,748 | 9,868 |
| total liabilities | 1,781,799 | 1,097,848 | 1,429,664 | 1,117,227 | 1,171,835 | 918,460 | 657,174 | 317,397 | 333,017 | 377,624 |
| net assets | 517,919 | 516,750 | 477,094 | 365,674 | 318,488 | 232,612 | 214,668 | 85,428 | 84,892 | 113,496 |
| total shareholders funds | 517,919 | 516,750 | 477,094 | 365,674 | 318,488 | 232,612 | 214,668 | 85,428 | 84,892 | 113,496 |
| Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 26,359 | 27,800 | 31,394 | 24,687 | 19,380 | 16,318 | 10,999 | 11,754 | 13,745 | 22,784 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 36,606 | 22,509 | 69,118 | 6,594 | 60,350 | 129,159 | 84,186 | -17,818 | -32,578 | 185,613 |
| Debtors | 816,178 | -283,466 | 273,774 | -100,010 | 254,318 | 56,997 | 360,727 | 9,396 | -22,433 | 241,277 |
| Creditors | 501,745 | 177,634 | -288,505 | -91,110 | 248,166 | 208,162 | 428,407 | -20,095 | -134,302 | 367,756 |
| Accruals and Deferred Income | -13,569 | -134,440 | 214,096 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -600 | -113 | -670 | 7,335 | 5,869 | 2,258 | 2,899 | 378 | 783 | 3,965 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| 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 | -48,173 | 48,173 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 286 | -10,270 | -66,875 | 29,167 | -660 | 50,866 | 7,383 | 0 | -5,903 | 5,903 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -164,510 | 82,946 | 70,903 | 43,546 | -221 | -9 | 30 | 200 | 0 | 0 |
| overdraft | 196,089 | -316,454 | 406,218 | 0 | 0 | 0 | -98,912 | 4,097 | 94,815 | 0 |
| change in cash | -360,599 | 399,400 | -335,315 | 43,546 | -221 | -9 | 98,942 | -3,897 | -94,815 | 0 |
floorwise (north east) limited Credit Report and Business Information
Floorwise (north East) Limited Competitor Analysis
Perform a competitor analysis for floorwise (north east) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
floorwise (north east) limited Ownership
FLOORWISE (NORTH EAST) LIMITED group structure
Floorwise (North East) Limited has no subsidiary companies.
floorwise (north east) limited directors
Floorwise (North East) Limited currently has 1 director, Mr Andrew Duce serving since Apr 1996.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Duce | England | 54 years | Apr 1996 | - | Director |
P&L
October 2018turnover
7.5m
+55%
operating profit
13.3k
0%
gross margin
31%
+2.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2018net assets
517.9k
0%
total assets
2.3m
+0.42%
cash
32.9k
-0.83%
net assets
Total assets minus all liabilities
Similar Companies
floorwise (north east) limited company details
company number
02320793
Type
Private limited with Share Capital
industry
46499 - Wholesale of household goods (other than musical instruments) n.e.c.
incorporation date
November 1988
age
36
accounts
Total Exemption Full
ultimate parent company
previous names
doveleat publishing limited (May 1989)
incorporated
UK
address
4th floor cathedral buildings, dean street, newcastle upon tyne, NE1 1PG
last accounts submitted
October 2018
floorwise (north east) 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 5 charges/mortgages relating to floorwise (north east) limited. Currently there are 1 open charges and 4 have been satisfied in the past.
floorwise (north east) limited Companies House Filings - See Documents
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