Silver Enterprises Limited

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silver enterprises limited Company Information

Live

MatureMicroDeclining

Company Number

03083024

Next Accounts

Dec 2024

Industry

Retail sale of watches and jewellery in specialised stores

Directors

Richard Harris

Michelle Rendell

Shareholders

richard harris

michelle rendell

Group Structure

View All

Contact

Registered Address

139 high street, rickmansworth, hertfordshire, WD3 1AR

Website

http://robertharrisjewellers.co.uk

silver enterprises limited Estimated Valuation

£923.2k

Pomanda estimates the enterprise value of SILVER ENTERPRISES LIMITED at £923.2k based on Net Assets of £315.6k and 2.93x industry multiple (adjusted for liquidity).

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Silver Enterprises Limited is a live company located in hertfordshire, WD3 1AR with a Companies House number of 03083024. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in July 1995, it's largest shareholder is richard harris with a 50% stake. Silver Enterprises Limited is a mature, micro sized company, Pomanda has estimated its turnover at £486.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Silver Enterprises Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £486.5k, make it smaller than the average company (£9.2m)

Growth

3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (10.8%)

EXPORT

Silver Enterprises Limited's latest turnover from March 2023 is estimated at £486.5 thousand and the company has net assets of £315.6 thousand. According to their latest financial statements, Silver Enterprises Limited has 5 employees and maintains cash reserves of £117.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	486,546	471,260	1,937,194	1,785,878	1,632,704	1,366,151	1,650,951	393,468	483,816	478,156	417,215	243,962	142,258	151,348
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	315,729	304,972	1,230,764	1,107,873	961,074	784,610	947,816	224,704	276,131	266,812	236,762	127,037	75,650	80,972
Gross Profit	170,818	166,287	706,430	678,005	671,630	581,541	703,135	168,763	207,685	211,344	180,453	116,924	66,608	70,376
Admin Expenses	181,435	142,855	640,851	648,172	575,270	567,674	668,315	156,037	183,066	165,132	153,950	115,270	75,487	22,222
Operating Profit	-10,617	23,432	65,579	29,833	96,360	13,867	34,820	12,726	24,619	46,212	26,503	1,654	-8,879	48,154
Interest Payable	407	145	0	0	0	0	461	1,206	1,714	2,226	1,238	0	0	0
Interest Receivable	5,320	499	0	0	0	0	34	150	133	82	64	92	120	61
Pre-Tax Profit	-5,704	23,786	65,579	29,833	96,360	13,867	34,393	11,670	23,038	44,068	25,329	1,746	-8,759	48,215
Tax	0	-4,519	-12,460	-5,668	-18,308	-2,635	-6,878	-2,334	-4,838	-10,136	-6,079	-454	0	-13,500
Profit After Tax	-5,704	19,267	53,119	24,165	78,052	11,232	27,514	9,336	18,200	33,932	19,250	1,292	-8,759	34,715
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,704	19,267	53,119	24,165	78,052	11,232	27,514	9,336	18,200	33,932	19,250	1,292	-8,759	34,715
Employee Costs	163,807	146,688	133,923	127,544	158,473	122,322	119,002	72,651	73,937	77,700	78,636	60,000	30,238	29,513
Number Of Employees	5	5	5	5	5	5	5	3	3	3	3	2	1	1
EBITDA*	-5,580	23,432	65,579	29,833	96,360	13,867	34,820	21,054	34,035	57,230	39,099	2,155	-8,290	48,799

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	100,716	105,753	108,952	111,511	116,236	266,059	272,366	132,065	138,961	148,042	156,979	88,443	88,944	89,258
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	100,716	105,753	108,952	111,511	116,236	266,059	272,366	132,065	138,961	148,042	156,979	88,443	88,944	89,258
Stock & work in progress	125,278	140,026	0	0	0	0	0	152,357	146,676	138,223	122,837	82,668	73,138	70,208
Trade Debtors	0	0	284,465	279,118	300,165	157,401	159,112	8,259	6,383	4,114	4,577	3,877	2,619	2,318
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,246	6,246	4,921	6,087	5,692	0	0	0	0	0	0	0	0	0
Cash	117,200	133,142	0	0	0	0	0	26,859	33,018	20,207	12,420	13,079	23,623	24,497
misc current assets	0	0	0	0	0	5,354	5,059	0	0	0	0	0	0	0
total current assets	248,724	279,414	289,386	285,205	305,857	162,755	164,171	187,475	186,077	162,544	139,834	99,624	99,380	97,023
total assets	349,440	385,167	398,338	396,716	422,093	428,814	436,537	319,540	325,038	310,586	296,813	188,067	188,324	186,281
Bank overdraft	0	4,288	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	5,713	24,828	88,843	131,585	173,276	191,954	191,923	163,802	171,556	168,325	182,117	160,249	84,947	86,979
Group/Directors Accounts	0	11,962	0	0	0	0	0	0	0	0	0	0	76,751	62,909
other short term finances	3,657	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	22,094	20,409	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	31,464	61,487	88,843	131,585	173,276	191,954	191,923	163,802	171,556	168,325	182,117	160,249	161,698	149,888
loans	0	0	0	0	0	0	0	14,762	22,347	30,394	38,088	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	800	800	775	2,325	3,350	0	0	0	0	0	0	0
other liabilities	0	0	3,999	12,660	20,117	84,519	101,794	28,957	28,022	26,496	25,039	0	0	0
provisions	2,362	2,362	2,648	2,742	3,161	3,304	3,990	4,051	4,481	4,939	5,069	568	668	1,676
total long term liabilities	2,362	2,362	7,447	16,202	24,053	90,148	109,134	47,770	54,850	61,829	68,196	568	668	1,676
total liabilities	33,826	63,849	96,290	147,787	197,329	282,102	301,057	211,572	226,406	230,154	250,313	160,817	162,366	151,564
net assets	315,614	321,318	302,048	248,929	224,764	146,712	135,480	107,968	98,632	80,432	46,500	27,250	25,958	34,717
total shareholders funds	315,614	321,318	302,048	248,929	224,764	146,712	135,480	107,968	98,632	80,432	46,500	27,250	25,958	34,717

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-10,617	23,432	65,579	29,833	96,360	13,867	34,820	12,726	24,619	46,212	26,503	1,654	-8,879	48,154
Depreciation	5,037	0	0	0	0	0	0	8,328	9,416	11,018	12,596	501	589	645
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-4,519	-12,460	-5,668	-18,308	-2,635	-6,878	-2,334	-4,838	-10,136	-6,079	-454	0	-13,500
Stock	-14,748	140,026	0	0	0	0	-152,357	5,681	8,453	15,386	40,169	9,530	2,930	70,208
Debtors	0	-283,140	4,181	-20,652	148,456	-1,711	150,853	1,876	2,269	-463	700	1,258	301	2,318
Creditors	-19,115	-64,015	-42,742	-41,691	-18,678	31	28,121	-7,754	3,231	-13,792	21,868	75,302	-2,032	86,979
Accruals and Deferred Income	1,685	19,609	0	25	-1,550	-1,025	3,350	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-286	-94	-419	-143	-686	-61	-430	-458	-130	4,501	-100	-1,008	1,676
Cash flow from operations	-8,262	117,335	6,102	2,732	-90,775	11,263	60,856	2,979	21,248	18,249	18,520	66,115	-14,561	51,428
Investing Activities
capital expenditure	0	3,199	2,559	4,725	149,823	6,307	-140,301	-1,432	-335	-2,081	-81,132	0	-275	-89,903
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	3,199	2,559	4,725	149,823	6,307	-140,301	-1,432	-335	-2,081	-81,132	0	-275	-89,903
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-11,962	11,962	0	0	0	0	0	0	0	0	0	-76,751	13,842	62,909
Other Short Term Loans	3,657	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-14,762	-7,585	-8,047	-7,694	38,088	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	0	-3,999	-8,661	-7,457	-64,402	-17,275	72,837	935	1,526	1,457	25,039	0	0	0
share issue	0	3	0	0	0	0	-2	0	0	0	0	0	0	2
interest	4,913	354	0	0	0	0	-427	-1,056	-1,581	-2,144	-1,174	92	120	61
cash flow from financing	-3,392	8,320	-8,661	-7,457	-64,402	-17,275	57,646	-7,706	-8,102	-8,381	61,953	-76,659	13,962	62,972
cash and cash equivalents
cash	-15,942	133,142	0	0	0	0	-26,859	-6,159	12,811	7,787	-659	-10,544	-874	24,497
overdraft	-4,288	4,288	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-11,654	128,854	0	0	0	0	-26,859	-6,159	12,811	7,787	-659	-10,544	-874	24,497

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 silver enterprises 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 WD3 area or any other competitors across 12 key performance metrics.

SILVER ENTERPRISES LIMITED group structure

Silver Enterprises Limited has no subsidiary companies.

Ultimate parent company

SILVER ENTERPRISES LIMITED

03083024

SILVER ENTERPRISES LIMITED Shareholders

richard harris	50%
michelle rendell	50%

Silver Enterprises Limited currently has 2 directors. The longest serving directors include Mr Richard Harris (Jul 2007) and Miss Michelle Rendell (Nov 2017).

officer	country	age	start	end	role
Mr Richard Harris	United Kingdom	53 years	Jul 2007	-	Director
Miss Michelle Rendell	United Kingdom	49 years	Nov 2017	-	Director

P&L

March 2023

turnover

486.5k

+3%

operating profit

-10.6k

gross margin

35.2%

-0.5%

turnover

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

Balance Sheet

March 2023

net assets

315.6k

-0.02%

total assets

349.4k

-0.09%

cash

117.2k

-0.12%

net assets

Total assets minus all liabilities

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company number

03083024

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

July 1995

ultimate parent company

None

previous names

N/A

address

139 high street, rickmansworth, hertfordshire, WD3 1AR

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 silver enterprises limited. Currently there are 2 open charges and 3 have been satisfied in the past.

silver enterprises limited Company Information

silver enterprises limited Estimated Valuation

silver enterprises limited Estimated Valuation

silver enterprises limited Estimated Valuation

Silver Enterprises Limited Overview

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SILVER ENTERPRISES LIMITED financials

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