Underley Furnishings Limited

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underley furnishings limited Company Information

Live

MatureMidHigh

Company Number

03232146

Next Accounts

May 2025

Industry

Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

Directors

David Mason

Ben Smith Joiner

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Shareholders

michael ralph joiner

david ralph mason

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Group Structure

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Contact

Registered Address

great western business park, armstrong way, bristol, south gloucestershire, BS37 5NG

Website

http://furnishedhomes.org

underley furnishings limited Estimated Valuation

£6.4m

Pomanda estimates the enterprise value of UNDERLEY FURNISHINGS LIMITED at £6.4m based on a Turnover of £13.8m and 0.47x industry multiple (adjusted for size and gross margin).

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Underley Furnishings Limited is a live company located in bristol, BS37 5NG with a Companies House number of 03232146. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in July 1996, it's largest shareholder is michael ralph joiner with a 25.9% stake. Underley Furnishings Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.8m with high growth in recent years.

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Pomanda's financial health check has awarded Underley Furnishings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £13.8m, make it larger than the average company (£4.9m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (7.5%)

EXPORT

Underley Furnishings Limited's latest turnover from August 2023 is estimated at £13.8 million and the company has net assets of £700.8 thousand. According to their latest financial statements, Underley Furnishings Limited has 61 employees and maintains cash reserves of £232.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	13,824,206	9,821,309	8,843,061	6,838,613	5,157,331	5,011,099	5,265,199	6,436,591	14,009,080	9,899,868	6,904,543	4,399,859	3,664,764	5,940,576	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,223,592	5,975,799	5,122,608	3,768,391	2,905,600	2,854,887	2,938,981	3,854,836	8,253,946	5,886,900	4,157,460	2,613,553	2,213,929	3,567,224	0
Gross Profit	5,600,614	3,845,510	3,720,452	3,070,222	2,251,731	2,156,212	2,326,218	2,581,755	5,755,134	4,012,969	2,747,084	1,786,306	1,450,835	2,373,352	0
Admin Expenses	5,352,989	3,777,918	3,528,842	3,091,178	2,192,575	2,090,041	2,279,199	2,858,466	5,574,203	3,887,140	2,628,396	1,733,916	1,492,968	2,227,960	-47,393
Operating Profit	247,625	67,592	191,610	-20,956	59,156	66,171	47,019	-276,711	180,931	125,829	118,688	52,390	-42,133	145,392	47,393
Interest Payable	18,750	16,792	14,996	7,625	0	721	1,084	417	0	0	0	0	0	0	0
Interest Receivable	9,049	1,469	54	41	207	89	0	77	550	959	566	47	237	212	18
Pre-Tax Profit	237,924	52,269	176,668	-28,540	59,363	65,540	45,935	-277,051	181,481	126,787	119,255	52,437	-41,896	145,604	47,411
Tax	-59,481	-9,931	-33,567	0	-11,279	-12,453	-8,728	0	-36,296	-26,625	-27,429	-12,585	0	-40,769	-13,275
Profit After Tax	178,443	42,338	143,101	-28,540	48,084	53,087	37,207	-277,051	145,185	100,162	91,826	39,852	-41,896	104,835	34,136
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	178,443	42,338	143,101	-28,540	48,084	53,087	37,207	-277,051	145,185	100,162	91,826	39,852	-41,896	104,835	34,136
Employee Costs	2,020,625	1,820,920	1,439,521	1,214,235	967,376	855,997	853,425	1,203,599	2,894,071	1,742,891	1,280,094	801,250	697,861	1,106,571	0
Number Of Employees	61	60	49	44	35	32	32	44	106	75	53	34	30	49	0
EBITDA*	357,306	159,873	271,389	54,131	131,208	121,144	96,098	-215,940	259,980	170,525	145,507	76,385	-22,036	154,557	56,712

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	441,130	370,774	451,895	241,305	232,564	179,632	167,722	201,715	260,058	154,201	91,737	82,657	71,933	39,676	34,907
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	1	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	0
Total Fixed Assets	441,130	370,774	451,895	241,305	232,564	179,632	167,722	201,715	260,059	154,201	91,737	82,657	71,933	39,676	34,907
Stock & work in progress	606,557	645,211	652,507	434,915	311,689	299,822	351,701	439,372	526,671	260,881	227,098	164,734	146,572	105,867	63,140
Trade Debtors	2,095,823	1,239,741	1,120,789	851,573	531,884	512,567	461,958	425,319	837,053	450,584	477,832	296,350	273,392	397,605	200,948
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	164,601	166,648	180,587	134,263	148,048	80,804	97,555	103,165	0	0	0	0	0	0	0
Cash	232,940	111,793	56,115	50,914	31,346	23,816	0	0	61,244	158,894	224,561	1,966	16,971	77,742	7,196
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,099,921	2,163,393	2,009,998	1,471,665	1,022,967	917,009	911,214	967,856	1,424,968	870,359	929,491	463,050	436,935	581,214	271,284
total assets	3,541,051	2,534,167	2,461,893	1,712,970	1,255,531	1,096,641	1,078,936	1,169,571	1,685,027	1,024,560	1,021,228	545,707	508,868	620,890	306,191
Bank overdraft	50,000	50,000	50,000	50,000	0	0	21,355	13,339	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,052,087	924,570	628,905	569,374	407,545	490,902	488,203	518,259	1,003,865	598,718	727,757	339,972	348,373	439,434	238,636
Group/Directors Accounts	0	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	0
hp & lease commitments	120,874	76,421	107,605	98,922	67,425	35,248	56,449	50,652	0	0	0	0	0	0	0
other current liabilities	1,381,641	717,978	828,092	362,196	271,143	178,140	188,705	248,765	0	0	0	0	0	0	0
total current liabilities	2,604,602	1,768,969	1,614,602	1,080,492	746,113	704,290	754,712	831,015	1,003,865	598,718	727,757	339,972	348,373	439,434	238,636
loans	91,667	141,667	191,667	200,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	42,448	38,908	103,513	49,744	99,804	42,085	29,537	75,344	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	0
other liabilities	0	0	0	0	0	0	0	0	129,664	36,581	17,343	30,639	21,017	5,874	0
provisions	101,565	62,297	72,123	45,847	44,187	32,923	30,431	36,163	47,398	30,346	17,375	8,169	12,403	6,611	3,419
total long term liabilities	235,680	242,872	367,303	295,591	143,991	75,008	59,968	111,507	177,062	66,927	34,718	38,808	33,420	12,485	3,419
total liabilities	2,840,282	2,011,841	1,981,905	1,376,083	890,104	779,298	814,680	942,522	1,180,927	665,645	762,475	378,780	381,793	451,919	242,055
net assets	700,769	522,326	479,988	336,887	365,427	317,343	264,256	227,049	504,100	358,915	258,753	166,927	127,075	168,971	64,136
total shareholders funds	700,769	522,326	479,988	336,887	365,427	317,343	264,256	227,049	504,100	358,915	258,753	166,927	127,075	168,971	64,136

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	247,625	67,592	191,610	-20,956	59,156	66,171	47,019	-276,711	180,931	125,829	118,688	52,390	-42,133	145,392	47,393
Depreciation	109,681	92,281	79,779	75,087	72,052	54,973	49,079	60,771	79,049	44,696	26,819	23,995	20,097	9,165	9,319
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-59,481	-9,931	-33,567	0	-11,279	-12,453	-8,728	0	-36,296	-26,625	-27,429	-12,585	0	-40,769	-13,275
Stock	-38,654	-7,296	217,592	123,226	11,867	-51,879	-87,671	-87,299	265,790	33,783	62,364	18,162	40,705	42,727	63,140
Debtors	854,035	105,013	315,540	305,904	86,561	33,858	31,029	-308,569	386,469	-27,248	181,482	22,958	-124,213	196,657	200,948
Creditors	127,517	295,665	59,531	161,829	-83,357	2,699	-30,056	-485,606	405,147	-129,039	387,785	-8,401	-91,061	200,798	238,636
Accruals and Deferred Income	663,663	-110,114	465,896	91,053	93,003	-10,565	-60,060	248,765	0	0	0	0	0	0	0
Deferred Taxes & Provisions	39,268	-9,826	26,276	1,660	11,264	2,492	-5,732	-11,235	17,052	12,971	9,206	-4,234	5,792	3,192	3,419
Cash flow from operations	312,892	227,950	256,393	-120,457	42,411	121,338	48,164	-68,148	-6,376	21,297	271,223	10,045	-23,797	78,394	21,404
Investing Activities
capital expenditure	-180,037	-11,160	-290,369	-83,828	-124,984	-66,883	-15,086	-2,428	-184,906	-107,160	-35,899	-34,719	-52,354	-13,934	-44,226
Change in Investments	0	0	0	0	0	0	0	-1	1	0	0	0	0	0	0
cash flow from investments	-180,037	-11,160	-290,369	-83,828	-124,984	-66,883	-15,086	-2,427	-184,907	-107,160	-35,899	-34,719	-52,354	-13,934	-44,226
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-50,000	-50,000	-8,333	200,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	47,993	-95,789	62,452	-18,563	89,896	-8,653	-40,010	125,996	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-129,664	93,083	19,238	-13,296	9,622	15,143	5,874	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000
interest	-9,701	-15,323	-14,942	-7,584	207	-632	-1,084	-340	550	959	566	47	237	212	18
cash flow from financing	-11,708	-161,112	39,177	173,853	90,103	-9,285	-41,094	-4,008	93,633	20,197	-12,730	9,669	15,380	6,086	30,018
cash and cash equivalents
cash	121,147	55,678	5,201	19,568	7,530	23,816	0	-61,244	-97,650	-65,667	222,595	-15,005	-60,771	70,546	7,196
overdraft	0	0	0	50,000	0	-21,355	8,016	13,339	0	0	0	0	0	0	0
change in cash	121,147	55,678	5,201	-30,432	7,530	45,171	-8,016	-74,583	-97,650	-65,667	222,595	-15,005	-60,771	70,546	7,196

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 underley furnishings 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 BS37 area or any other competitors across 12 key performance metrics.

UNDERLEY FURNISHINGS LIMITED group structure

Underley Furnishings Limited has no subsidiary companies.

Ultimate parent company

UNDERLEY FURNISHINGS LIMITED

03232146

UNDERLEY FURNISHINGS LIMITED Shareholders

michael ralph joiner	25.87%
david ralph mason	19.9%
john joiner	19.9%
ben michael smith joiner	19.9%
glenys constance smith	8.96%
elizabeth parsons	4.98%
wendy joiner-mason	0.5%

Underley Furnishings Limited currently has 5 directors. The longest serving directors include Mr David Mason (Nov 2011) and Mr Ben Smith Joiner (Nov 2011).

officer	age	start	end	role
Mr David Mason	61 years	Nov 2011	-	Director
Mr Ben Smith Joiner	45 years	Nov 2011	-	Director
Mr John Joiner	60 years	Mar 2014	-	Director
Ms Glenys Smith	75 years	Mar 2014	-	Director
Ms Elizabeth Parsons	42 years	Aug 2018	-	Director

P&L

August 2023

turnover

13.8m

+41%

operating profit

247.6k

gross margin

40.6%

+3.47%

turnover

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

Balance Sheet

August 2023

net assets

700.8k

+0.34%

total assets

3.5m

+0.4%

cash

232.9k

+1.08%

net assets

Total assets minus all liabilities

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company number

03232146

Type

Private limited with Share Capital

industry

47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

incorporation date

July 1996

ultimate parent company

None

previous names

beatrefine limited (September 1996)

address

great western business park, armstrong way, bristol, south gloucestershire, BS37 5NG

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 underley furnishings limited. Currently there are 1 open charges and 2 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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underley furnishings limited Company Information

underley furnishings limited Estimated Valuation

underley furnishings limited Estimated Valuation

underley furnishings limited Estimated Valuation

Underley Furnishings Limited Overview

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UNDERLEY FURNISHINGS LIMITED financials

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