Simply Carpets Limited

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simply carpets limited Company Information

Live

MatureMicroDeclining

Company Number

02654119

Website

simplycarpetsltd.com

Registered Address

9 park lane, puckeridge, ware, hertfordshire, SG11 1RL

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Telephone

01279870008

Next Accounts Due

December 2024

Group Structure

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Directors

Robert Turner31 Years

Sally Turner21 Years

Shareholders

robert stephen turner 50%

sally turner 50%

simply carpets limited Estimated Valuation

£106.8k

Pomanda estimates the enterprise value of SIMPLY CARPETS LIMITED at £106.8k based on a Turnover of £335.7k and 0.32x industry multiple (adjusted for size and gross margin).

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Simply Carpets Limited is a live company located in ware, SG11 1RL with a Companies House number of 02654119. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in October 1991, it's largest shareholder is robert stephen turner with a 50% stake. Simply Carpets Limited is a mature, micro sized company, Pomanda has estimated its turnover at £335.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Simply Carpets Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £335.7k, make it smaller than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.2%)

EXPORT

Simply Carpets Limited's latest turnover from March 2023 is estimated at £335.7 thousand and the company has net assets of -£25 thousand. According to their latest financial statements, Simply Carpets Limited has 5 employees and maintains cash reserves of £292 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	335,738	301,679	318,246	394,007	398,161	497,291	670,992	574,957	499,786	481,378	572,825	649,968	428,945	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	216,943	212,211	214,247	262,384	272,352	347,592	478,353	394,680	356,160	337,479	400,422	439,729	292,835	0
Gross Profit	118,795	89,468	103,999	131,624	125,809	149,698	192,639	180,277	143,626	143,899	172,403	210,239	136,109	0
Admin Expenses	123,355	89,996	84,822	163,244	123,019	139,517	190,267	179,838	140,126	141,054	169,327	184,690	119,857	32,952
Operating Profit	-4,560	-528	19,177	-31,620	2,790	10,181	2,372	439	3,500	2,845	3,076	25,549	16,252	-32,952
Interest Payable	0	1,198	2,082	2,184	1,311	739	1,360	2,003	2,357	1,265	0	0	0	0
Interest Receivable	23	14	10	10	8	25	23	13	0	8	11	8	5	0
Pre-Tax Profit	-4,537	-1,712	17,105	-33,794	1,488	9,467	1,035	-1,551	1,143	1,588	3,087	25,557	16,257	-32,952
Tax	0	0	-3,250	0	-283	-1,799	-207	0	-240	-365	-741	-6,645	-4,552	0
Profit After Tax	-4,537	-1,712	13,855	-33,794	1,205	7,668	828	-1,551	903	1,223	2,346	18,912	11,705	-32,952
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,537	-1,712	13,855	-33,794	1,205	7,668	828	-1,551	903	1,223	2,346	18,912	11,705	-32,952
Employee Costs	152,370	134,128	126,083	137,575	107,702	126,853	123,463	72,818	70,755	69,165	85,719	79,452	64,885	0
Number Of Employees	5	5	5	5	4	5	5	3	3	3	4	4	3	0
EBITDA*	-701	4,203	20,495	-30,604	5,188	12,376	5,026	3,576	5,190	3,210	3,431	25,806	16,591	-32,501

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	8,461	12,320	4,072	5,108	3,519	5,917	7,521	9,194	11,811	706	1,070	760	1,017	1,357
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	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	0	0	0	0
Total Fixed Assets	8,461	12,320	4,072	5,108	3,519	5,917	7,521	9,194	11,811	706	1,070	760	1,017	1,357
Stock & work in progress	110,637	100,842	140,856	120,670	118,117	114,953	99,330	66,852	101,037	111,920	108,790	100,677	99,945	102,637
Trade Debtors	43,981	43,930	35,410	39,714	70,103	89,204	106,401	93,129	65,493	64,552	71,936	82,676	50,054	26,854
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	292	810	2,925	17,733	2,254	6,156	13,507	5,027	40	100	3,269	1,241	1,762	52
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	154,910	145,582	179,191	178,117	190,474	210,313	219,238	165,008	166,570	176,572	183,995	184,594	151,761	129,543
total assets	163,371	157,902	183,263	183,225	193,993	216,230	226,759	174,202	178,381	177,278	185,065	185,354	152,778	130,900
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	98,123	106,728	128,593	154,157	122,065	148,545	167,966	119,493	111,688	115,267	162,127	156,354	130,098	121,857
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	98,123	106,728	128,593	154,157	122,065	148,545	167,966	119,493	111,688	115,267	162,127	156,354	130,098	121,857
loans	0	0	35,488	32,775	38,841	8,117	15,517	28,013	33,607	38,917	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	90,229	71,618	37,914	27,730	30,730	49,334	40,401	24,325	28,653	21,800	22,925	31,333	43,925	41,993
provisions	0	0	0	1,150	1,150	1,150	1,459	1,783	2,294	58	0	0	0	0
total long term liabilities	90,229	71,618	73,402	61,655	70,721	58,601	57,377	54,121	64,554	60,775	22,925	31,333	43,925	41,993
total liabilities	188,352	178,346	201,995	215,812	192,786	207,146	225,343	173,614	176,242	176,042	185,052	187,687	174,023	163,850
net assets	-24,981	-20,444	-18,732	-32,587	1,207	9,084	1,416	588	2,139	1,236	13	-2,333	-21,245	-32,950
total shareholders funds	-24,981	-20,444	-18,732	-32,587	1,207	9,084	1,416	588	2,139	1,236	13	-2,333	-21,245	-32,950

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-4,560	-528	19,177	-31,620	2,790	10,181	2,372	439	3,500	2,845	3,076	25,549	16,252	-32,952
Depreciation	3,859	4,731	1,318	1,016	2,398	2,195	2,654	3,137	1,690	365	355	257	339	451
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-3,250	0	-283	-1,799	-207	0	-240	-365	-741	-6,645	-4,552	0
Stock	9,795	-40,014	20,186	2,553	118,117	15,623	32,478	-34,185	-10,883	3,130	8,113	732	-2,692	102,637
Debtors	51	8,520	-4,304	-30,389	70,103	-17,197	13,272	27,636	941	-7,384	-10,740	32,622	23,200	26,854
Creditors	-8,605	-21,865	-25,564	32,092	122,065	-19,421	48,473	7,805	-3,579	-46,860	5,773	26,256	8,241	121,857
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-1,150	0	1,150	-309	-324	-511	2,236	58	0	0	0	0
Cash flow from operations	-19,152	13,832	-25,351	29,324	-60,100	-7,579	7,218	17,419	13,549	-39,703	11,090	12,063	-228	-40,135
Investing Activities
capital expenditure	0	-12,979	-282	-2,605	-5,917	-591	-981	-520	-12,795	-1	-665	0	1	-1,808
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-12,979	-282	-2,605	-5,917	-591	-981	-520	-12,795	-1	-665	0	1	-1,808
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-35,488	2,713	-6,066	38,841	-7,400	-12,496	-5,594	-5,310	38,917	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	18,611	33,704	10,184	-3,000	30,730	8,933	16,076	-4,328	6,853	-1,125	-8,408	-12,592	1,932	41,993
share issue	0	0	0	0	2	0	0	0	0	0	0	0	0	2
interest	23	-1,184	-2,072	-2,174	-1,303	-714	-1,337	-1,990	-2,357	-1,257	11	8	5	0
cash flow from financing	18,634	-2,968	10,825	-11,240	68,270	819	2,243	-11,912	-814	36,535	-8,397	-12,584	1,937	41,995
cash and cash equivalents
cash	-518	-2,115	-14,808	15,479	2,254	-7,351	8,480	4,987	-60	-3,169	2,028	-521	1,710	52
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-518	-2,115	-14,808	15,479	2,254	-7,351	8,480	4,987	-60	-3,169	2,028	-521	1,710	52

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 simply carpets limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SG11 area or any other competitors across 12 key performance metrics.

SIMPLY CARPETS LIMITED group structure

Simply Carpets Limited has no subsidiary companies.

Ultimate parent company

SIMPLY CARPETS LIMITED

02654119

SIMPLY CARPETS LIMITED Shareholders

robert stephen turner	50%
sally turner	50%

Simply Carpets Limited currently has 2 directors. The longest serving directors include Mr Robert Turner (Oct 1992) and Ms Sally Turner (Sep 2003).

officer	country	age	start	end	role
Mr Robert Turner		69 years	Oct 1992	-	Director
Ms Sally Turner	261063	60 years	Sep 2003	-	Director

P&L

March 2023

turnover

335.7k

+11%

operating profit

-4.6k

gross margin

35.4%

+19.31%

turnover

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

Balance Sheet

March 2023

net assets

-25k

+0.22%

total assets

163.4k

+0.03%

cash

292

-0.64%

net assets

Total assets minus all liabilities

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company number

02654119

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

October 1991

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

9 park lane, puckeridge, ware, hertfordshire, SG11 1RL

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 4 charges/mortgages relating to simply carpets limited. Currently there are 3 open charges and 1 have been satisfied in the past.

simply carpets limited Company Information

simply carpets limited Estimated Valuation

simply carpets limited Estimated Valuation

simply carpets limited Estimated Valuation

Simply Carpets Limited Overview

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SIMPLY CARPETS LIMITED financials

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