sportax ltd

sportax ltd Company Information

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Company Number

03203633

Industry

Wholesale of clothing and footwear

 

Shareholders

john peavoy

stephen e. wallen

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Group Structure

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Contact

Registered Address

carlyle house, 78 chorley new road, bolton, lancashire, BL1 4BY

sportax ltd Estimated Valuation

£293.5k

Pomanda estimates the enterprise value of SPORTAX LTD at £293.5k based on a Turnover of £834.3k and 0.35x industry multiple (adjusted for size and gross margin).

sportax ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of SPORTAX LTD at £1m based on an EBITDA of £258.4k and a 4x industry multiple (adjusted for size and gross margin).

sportax ltd Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of SPORTAX LTD at £4.1m based on Net Assets of £2.2m and 1.86x industry multiple (adjusted for liquidity).

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Sportax Ltd Overview

Sportax Ltd is a live company located in bolton, BL1 4BY with a Companies House number of 03203633. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in May 1996, it's largest shareholder is john peavoy with a 80% stake. Sportax Ltd is a mature, small sized company, Pomanda has estimated its turnover at £834.3k with high growth in recent years.

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Sportax Ltd Health Check

Pomanda's financial health check has awarded Sportax Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £834.3k, make it smaller than the average company (£16m)

£834.3k - Sportax Ltd

£16m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.5%)

19% - Sportax Ltd

7.5% - Industry AVG

production

Production

with a gross margin of 31.1%, this company has a comparable cost of product (31.1%)

31.1% - Sportax Ltd

31.1% - Industry AVG

profitability

Profitability

an operating margin of 30.6% make it more profitable than the average company (4%)

30.6% - Sportax Ltd

4% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (47)

4 - Sportax Ltd

47 - Industry AVG

paystructure

Pay Structure

on an average salary of £39k, the company has an equivalent pay structure (£39k)

£39k - Sportax Ltd

£39k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £208.6k, this is less efficient (£334.6k)

£208.6k - Sportax Ltd

£334.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Sportax Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is quicker than average (30 days)

21 days - Sportax Ltd

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sportax Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (12 weeks)

8 weeks - Sportax Ltd

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22.9%, this is a lower level of debt than the average (54.8%)

22.9% - Sportax Ltd

54.8% - Industry AVG

SPORTAX LTD financials

EXPORTms excel logo

Sportax Ltd's latest turnover from March 2024 is estimated at £834.3 thousand and the company has net assets of £2.2 million. According to their latest financial statements, Sportax Ltd has 4 employees and maintains cash reserves of £101.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover834,251506,908552,466493,689467,7271,138,5571,153,0011,220,8961,329,8008,102,7627,041,3036,857,5985,059,7644,364,0844,251,707
Other Income Or Grants000000000000000
Cost Of Sales575,071353,280377,955348,973329,012808,267817,905880,980950,8435,741,4164,849,7654,718,4323,555,4653,063,2862,888,584
Gross Profit259,180153,627174,512144,717138,715330,290335,095339,916378,9572,361,3462,191,5392,139,1671,504,2991,300,7991,363,123
Admin Expenses4,332-59,807141,009-100,352252,255165,023-101,586295,507462,4202,316,3732,208,4862,086,5091,414,4091,116,574-41,885
Operating Profit254,848213,43433,503245,069-113,540165,267436,68144,409-83,46344,973-16,94752,65889,890184,2251,405,008
Interest Payable0000000266276000000
Interest Receivable2,98053493121210150672214182112379829523
Pre-Tax Profit257,828213,96833,596245,080-113,528165,368436,73144,150-83,66745,187-16,76552,77090,269185,0541,405,531
Tax-64,457-40,654-6,383-46,5650-31,420-82,979-8,8300-9,4890-12,665-23,470-51,815-393,549
Profit After Tax193,371173,31427,213198,515-113,528133,948353,75235,320-83,66735,698-16,76540,10566,799133,2391,011,982
Dividends Paid000000000000000
Retained Profit193,371173,31427,213198,515-113,528133,948353,75235,320-83,66735,698-16,76540,10566,799133,2391,011,982
Employee Costs155,867147,995142,663141,304141,176393,106392,151417,603440,518903,667802,278802,131602,992534,178538,631
Number Of Employees4444411121314292727211819
EBITDA*258,434218,35842,233253,799-106,335166,190436,68144,922-82,95045,486-16,94752,65889,890185,7761,408,736

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets3,5196,1102,63411,36417,7291,846115141,02711121,553
Intangible Assets000000000000000
Investments & Other111111111111111
Debtors (Due After 1 year)000000000000000
Total Fixed Assets3,5206,1112,63511,36517,7301,847225151,02822231,554
Stock & work in progress00000000000016,66223,35624,546
Trade Debtors013,57341,00343,85823,80924,26326,56018,34414,5771,569,0581,404,6041,382,4701,339,3081,229,5791,108,330
Group Debtors2,708,1802,493,9442,399,2762,223,9241,988,4912,373,1111,760,7661,355,2371,810,729000000
Misc Debtors34,31517,69782,326129,33831,37651,15423,16424,46522,967000000
Cash101,05012,47112,63612,18411,24811,95115,0634,93014328,64057,04215,62829,244122,494209,122
misc current assets000000000000000
total current assets2,843,5452,537,6852,535,2412,409,3042,054,9242,460,4791,825,5531,402,9761,848,4161,597,6981,461,6461,398,0981,385,2141,375,4291,341,998
total assets2,847,0652,543,7962,537,8762,420,6692,072,6542,462,3261,825,5551,402,9781,848,9311,598,7261,461,6481,398,1001,385,2161,375,4321,343,552
Bank overdraft000000008,502000000
Bank loan000000000000000
Trade Creditors 33,81331,31630,4019,96921,0618,2615,8008,54830,196272,668171,28890,975118,196175,211276,570
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities568,956461,555629,864560,302399,710688,654188,292116,719567,842000000
total current liabilities602,769492,871660,265570,271420,771696,915194,092125,267606,540272,668171,28890,975118,196175,211276,570
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities50,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,000
provisions000000000000000
total long term liabilities50,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,000
total liabilities652,769542,871710,265620,271470,771746,915244,092175,267656,540322,668221,288140,975168,196225,211326,570
net assets2,194,2962,000,9251,827,6111,800,3981,601,8831,715,4111,581,4631,227,7111,192,3911,276,0581,240,3601,257,1251,217,0201,150,2211,016,982
total shareholders funds2,194,2962,000,9251,827,6111,800,3981,601,8831,715,4111,581,4631,227,7111,192,3911,276,0581,240,3601,257,1251,217,0201,150,2211,016,982
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit254,848213,43433,503245,069-113,540165,267436,68144,409-83,46344,973-16,94752,65889,890184,2251,405,008
Depreciation3,5864,9248,7308,7307,20592305135135130001,5513,728
Amortisation000000000000000
Tax-64,457-40,654-6,383-46,5650-31,420-82,979-8,8300-9,4890-12,665-23,470-51,815-393,549
Stock00000000000-16,662-6,694-1,19024,546
Debtors217,2812,609125,485353,444-404,852638,038412,444-450,227279,215164,45422,13443,162109,729121,2491,108,330
Creditors2,49791520,432-11,09212,8002,461-2,748-21,648-242,472101,38080,313-27,221-57,015-101,359276,570
Accruals and Deferred Income107,401-168,30969,562160,592-288,944500,36271,573-451,123567,842000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations86,5947,7013593,29022,373-44510,08313,548-36,795-27,07741,232-13,728-93,630-87,457158,881
Investing Activities
capital expenditure-995-8,4000-2,365-23,088-2,768000-1,5390010-5,281
Change in Investments000000000000001
cash flow from investments-995-8,4000-2,365-23,088-2,768000-1,5390010-5,282
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000000000050,000
share issue000000000000005,000
interest2,98053493121210150-260-204214182112379829523
cash flow from financing2,98053493121210150-260-20421418211237982955,523
cash and cash equivalents
cash88,579-165452936-703-3,11210,1334,787-28,497-28,40241,414-13,616-93,250-86,628209,122
overdraft0000000-8,5028,502000000
change in cash88,579-165452936-703-3,11210,13313,289-36,999-28,40241,414-13,616-93,250-86,628209,122

sportax ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sportax Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sportax ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BL1 area or any other competitors across 12 key performance metrics.

sportax ltd Ownership

SPORTAX LTD group structure

Sportax Ltd has 1 subsidiary company.

Ultimate parent company

SPORTAX LTD

03203633

1 subsidiary

SPORTAX LTD Shareholders

john peavoy 80%
stephen e. wallen 15%
michael peavoy 2%
natalie peavoy 2%
richard hanney 1%

sportax ltd directors

Sportax Ltd currently has 2 directors. The longest serving directors include Mr John Peavoy (Jul 1997) and Mr Stephen Wallen (Jun 2015).

officercountryagestartendrole
Mr John PeavoyUnited Kingdom63 years Jul 1997- Director
Mr Stephen Wallen74 years Jun 2015- Director

P&L

March 2024

turnover

834.3k

+65%

operating profit

254.8k

0%

gross margin

31.1%

+2.51%

turnover

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

Balance Sheet

March 2024

net assets

2.2m

+0.1%

total assets

2.8m

+0.12%

cash

101.1k

+7.1%

net assets

Total assets minus all liabilities

sportax ltd company details

company number

03203633

Type

Private limited with Share Capital

industry

46420 - Wholesale of clothing and footwear

incorporation date

May 1996

age

28

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

talentpower limited (January 1997)

accountant

-

auditor

-

address

carlyle house, 78 chorley new road, bolton, lancashire, BL1 4BY

Bank

-

Legal Advisor

-

sportax ltd 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 3 charges/mortgages relating to sportax ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

charges

sportax ltd Companies House Filings - See Documents

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