bm 2016-1 limited
bm 2016-1 limited Company Information
Company Number
02975861
Website
http://qvsdirect.comRegistered Address
5th floor the union building, 51-59 rose lane, norwich, NR1 1BY
Industry
Wholesale of household goods (other than musical instruments) n.e.c.
Retail sale of electrical household appliances in specialised stores
Telephone
08001976565
Next Accounts Due
2873 days late
Group Structure
View All
Shareholders
mr peter charles brain 59.6%
mr michael jerome duggan 34.8%
View Allbm 2016-1 limited Estimated Valuation
Pomanda estimates the enterprise value of BM 2016-1 LIMITED at £5.4m based on a Turnover of £13.6m and 0.4x industry multiple (adjusted for size and gross margin).
bm 2016-1 limited Estimated Valuation
Pomanda estimates the enterprise value of BM 2016-1 LIMITED at £2m based on an EBITDA of £422.2k and a 4.84x industry multiple (adjusted for size and gross margin).
bm 2016-1 limited Estimated Valuation
Pomanda estimates the enterprise value of BM 2016-1 LIMITED at £3.7m based on Net Assets of £1.8m and 2.09x industry multiple (adjusted for liquidity).
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Bm 2016-1 Limited Overview
Bm 2016-1 Limited is a live company located in norwich, NR1 1BY with a Companies House number of 02975861. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46499. Founded in October 1994, it's largest shareholder is mr peter charles brain with a 59.6% stake. Bm 2016-1 Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.6m with healthy growth in recent years.
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Bm 2016-1 Limited Health Check
Pomanda's financial health check has awarded Bm 2016-1 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £13.6m, make it larger than the average company (£7.1m)
£13.6m - Bm 2016-1 Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.3%)
6% - Bm 2016-1 Limited
3.3% - Industry AVG
Production
with a gross margin of 40.7%, this company has a lower cost of product (30%)
40.7% - Bm 2016-1 Limited
30% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (4.1%)
3% - Bm 2016-1 Limited
4.1% - Industry AVG
Employees
with 107 employees, this is above the industry average (51)
107 - Bm 2016-1 Limited
51 - Industry AVG
Pay Structure
on an average salary of £23.2k, the company has an equivalent pay structure (£28.3k)
£23.2k - Bm 2016-1 Limited
£28.3k - Industry AVG
Efficiency
resulting in sales per employee of £127.5k, this is less efficient (£231.6k)
£127.5k - Bm 2016-1 Limited
£231.6k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is near the average (32 days)
27 days - Bm 2016-1 Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (33 days)
107 days - Bm 2016-1 Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 74 days, this is in line with average (86 days)
74 days - Bm 2016-1 Limited
86 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (9 weeks)
3 weeks - Bm 2016-1 Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.4%, this is a higher level of debt than the average (59.3%)
66.4% - Bm 2016-1 Limited
59.3% - Industry AVG
BM 2016-1 LIMITED financials
Bm 2016-1 Limited's latest turnover from March 2015 is £13.6 million and the company has net assets of £1.8 million. According to their latest financial statements, Bm 2016-1 Limited has 107 employees and maintains cash reserves of £229.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Turnover | 13,639,061 | 12,141,134 | 11,861,975 | 11,495,449 | 10,567,725 | 9,363,880 |
| Other Income Or Grants | 0 | 0 | 0 | |||
| Cost Of Sales | 8,086,257 | 7,455,909 | 7,103,901 | |||
| Gross Profit | 5,552,804 | 4,685,225 | 4,758,074 | |||
| Admin Expenses | 5,147,976 | 4,318,787 | 4,559,688 | |||
| Operating Profit | 404,828 | 366,438 | 198,386 | 188,943 | 184,897 | 181,561 |
| Interest Payable | 8,913 | 0 | 5,008 | 0 | 0 | 0 |
| Interest Receivable | 0 | 124 | 311 | 111 | 155 | 84 |
| Pre-Tax Profit | 395,915 | 366,562 | 193,689 | 189,054 | 185,052 | 181,645 |
| Tax | -90,841 | -72,988 | -40,801 | -40,272 | -63,900 | -39,683 |
| Profit After Tax | 305,074 | 293,574 | 152,888 | 148,782 | 121,152 | 141,962 |
| Dividends Paid | 29,986 | 239,887 | 0 | 0 | 0 | 0 |
| Retained Profit | 275,088 | 53,687 | 152,888 | 148,782 | 121,152 | 141,962 |
| Employee Costs | 2,483,386 | 2,036,691 | 2,254,655 | 2,311,133 | 2,140,119 | 1,926,695 |
| Number Of Employees | 107 | 101 | 108 | 101 | 87 | 74 |
| EBITDA* | 422,232 | 387,555 | 220,354 | 211,157 | 206,075 | 199,948 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 58,976 | 60,166 | 74,533 | 80,059 | 82,863 | 70,402 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 58,976 | 60,166 | 74,533 | 80,059 | 82,863 | 70,402 |
| Stock & work in progress | 1,649,392 | 1,209,142 | 1,307,785 | 1,405,646 | 1,791,017 | 1,492,558 |
| Trade Debtors | 1,022,410 | 583,609 | 506,210 | 375,672 | 528,923 | 387,881 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,340,682 | 2,444,682 | 2,266,085 | 1,974,395 | 1,634,121 | 1,469,487 |
| Cash | 229,510 | 155,278 | 241,820 | 634,566 | 170,048 | 257,892 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,241,994 | 4,392,711 | 4,321,900 | 4,390,279 | 4,124,109 | 3,607,818 |
| total assets | 5,300,970 | 4,452,877 | 4,396,433 | 4,470,338 | 4,206,972 | 3,678,220 |
| Bank overdraft | 203,597 | 90,382 | 46,557 | 167,598 | 97,793 | 2,147 |
| Bank loan | 35,002 | 0 | 0 | 0 | 26,000 | 50,000 |
| Trade Creditors | 2,382,424 | 2,102,873 | 1,919,544 | 1,869,866 | 1,876,978 | 1,752,643 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 51,429 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 783,937 | 745,649 | 968,170 | 1,123,177 | 1,045,696 | 838,478 |
| total current liabilities | 3,456,389 | 2,938,904 | 2,934,271 | 3,160,641 | 3,046,467 | 2,643,268 |
| loans | 55,713 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 9,534 | 9,727 | 11,603 | 12,026 | 11,616 | 7,215 |
| total long term liabilities | 65,247 | 9,727 | 11,603 | 12,026 | 11,616 | 7,215 |
| total liabilities | 3,521,636 | 2,948,631 | 2,945,874 | 3,172,667 | 3,058,083 | 2,650,483 |
| net assets | 1,779,334 | 1,504,246 | 1,450,559 | 1,297,671 | 1,148,889 | 1,027,737 |
| total shareholders funds | 1,779,334 | 1,504,246 | 1,450,559 | 1,297,671 | 1,148,889 | 1,027,737 |
| Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 404,828 | 366,438 | 198,386 | 188,943 | 184,897 | 181,561 |
| Depreciation | 17,404 | 21,117 | 21,968 | 22,214 | 21,178 | 18,387 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -90,841 | -72,988 | -40,801 | -40,272 | -63,900 | -39,683 |
| Stock | 440,250 | -98,643 | -97,861 | -385,371 | 298,459 | 1,492,558 |
| Debtors | 334,801 | 255,996 | 422,228 | 187,023 | 305,676 | 1,857,368 |
| Creditors | 279,551 | 183,329 | 49,678 | -7,112 | 124,335 | 1,752,643 |
| Accruals and Deferred Income | 38,288 | -222,521 | -155,007 | 77,481 | 207,218 | 838,478 |
| Deferred Taxes & Provisions | -193 | -1,876 | -423 | 410 | 4,401 | 7,215 |
| Cash flow from operations | -126,014 | 116,146 | -250,566 | 440,012 | -126,006 | -591,325 |
| Investing Activities | ||||||
| capital expenditure | -16,214 | -6,750 | -16,442 | -19,408 | -33,640 | -24,456 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -16,214 | -6,750 | -16,442 | -19,408 | -33,640 | -24,456 |
| Financing Activities | ||||||
| Bank loans | 35,002 | 0 | 0 | -26,000 | -24,000 | 50,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 51,429 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 55,713 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -8,913 | 124 | -4,697 | 111 | 155 | 84 |
| cash flow from financing | 133,231 | 124 | -4,697 | -25,889 | -23,845 | 935,859 |
| cash and cash equivalents | ||||||
| cash | 74,232 | -86,542 | -392,746 | 464,518 | -87,844 | 257,892 |
| overdraft | 113,215 | 43,825 | -121,041 | 69,805 | 95,646 | 2,147 |
| change in cash | -38,983 | -130,367 | -271,705 | 394,713 | -183,490 | 255,745 |
bm 2016-1 limited Credit Report and Business Information
Bm 2016-1 Limited Competitor Analysis
Perform a competitor analysis for bm 2016-1 limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in NR1 area or any other competitors across 12 key performance metrics.
bm 2016-1 limited Ownership
BM 2016-1 LIMITED group structure
Bm 2016-1 Limited has no subsidiary companies.
Ultimate parent company
BM 2016-1 LIMITED
02975861
bm 2016-1 limited directors
Bm 2016-1 Limited currently has 2 directors. The longest serving directors include Mr Michael Duggan (Oct 1994) and Mr Peter Brain (Sep 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Duggan | 83 years | Oct 1994 | - | Director | |
| Mr Peter Brain | England | 77 years | Sep 1998 | - | Director |
P&L
March 2015turnover
13.6m
+12%
operating profit
404.8k
+10%
gross margin
40.8%
+5.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2015net assets
1.8m
+0.18%
total assets
5.3m
+0.19%
cash
229.5k
+0.48%
net assets
Total assets minus all liabilities
bm 2016-1 limited company details
company number
02975861
Type
Private limited with Share Capital
industry
46499 - Wholesale of household goods (other than musical instruments) n.e.c.
47540 - Retail sale of electrical household appliances in specialised stores
incorporation date
October 1994
age
30
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2015
previous names
qvs electrical wholesale limited (August 2016)
latchmoor limited (October 1994)
accountant
-
auditor
-
address
5th floor the union building, 51-59 rose lane, norwich, NR1 1BY
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
bm 2016-1 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 did not find charges/mortgages relating to bm 2016-1 limited.
bm 2016-1 limited Companies House Filings - See Documents
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