furniture 2000 limited

furniture 2000 limited Company Information

Share FURNITURE 2000 LIMITED
Live 
MatureMicroDeclining

Company Number

03255340

Industry

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

 

Shareholders

godwin palmier

Group Structure

View All

Contact

Registered Address

mountview court, 1148 high road whetstone, london, N20 0RA

furniture 2000 limited Estimated Valuation

£131.1k

Pomanda estimates the enterprise value of FURNITURE 2000 LIMITED at £131.1k based on a Turnover of £414k and 0.32x industry multiple (adjusted for size and gross margin).

furniture 2000 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FURNITURE 2000 LIMITED at £0 based on an EBITDA of £-1.5k and a 3.3x industry multiple (adjusted for size and gross margin).

furniture 2000 limited Estimated Valuation

£161.4k

Pomanda estimates the enterprise value of FURNITURE 2000 LIMITED at £161.4k based on Net Assets of £73.5k and 2.2x industry multiple (adjusted for liquidity).

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Furniture 2000 Limited Overview

Furniture 2000 Limited is a live company located in london, N20 0RA with a Companies House number of 03255340. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in September 1996, it's largest shareholder is godwin palmier with a 100% stake. Furniture 2000 Limited is a mature, micro sized company, Pomanda has estimated its turnover at £414k with declining growth in recent years.

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Furniture 2000 Limited Health Check

Pomanda's financial health check has awarded Furniture 2000 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £414k, make it smaller than the average company (£4.3m)

£414k - Furniture 2000 Limited

£4.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.5%)

0% - Furniture 2000 Limited

7.5% - Industry AVG

production

Production

with a gross margin of 29.8%, this company has a higher cost of product (40.1%)

29.8% - Furniture 2000 Limited

40.1% - Industry AVG

profitability

Profitability

an operating margin of -0.4% make it less profitable than the average company (3.5%)

-0.4% - Furniture 2000 Limited

3.5% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (27)

4 - Furniture 2000 Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.9k, the company has an equivalent pay structure (£33.9k)

£33.9k - Furniture 2000 Limited

£33.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £103.5k, this is less efficient (£171.5k)

£103.5k - Furniture 2000 Limited

£171.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 90 days, this is later than average (19 days)

90 days - Furniture 2000 Limited

19 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 40 days, this is slower than average (34 days)

40 days - Furniture 2000 Limited

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Furniture 2000 Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Furniture 2000 Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.4%, this is a lower level of debt than the average (63.3%)

30.4% - Furniture 2000 Limited

63.3% - Industry AVG

FURNITURE 2000 LIMITED financials

EXPORTms excel logo

Furniture 2000 Limited's latest turnover from September 2023 is estimated at £414 thousand and the company has net assets of £73.5 thousand. According to their latest financial statements, Furniture 2000 Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover413,967361,213326,921419,351312,356274,750337,719185,86880,449111,23174,287112,87497,87886,4130
Other Income Or Grants000000000000000
Cost Of Sales290,650250,534223,621288,759218,084189,357228,902130,05255,41977,40251,02477,35066,72359,1490
Gross Profit123,317110,679103,301130,59294,27285,392108,81655,81625,02933,83023,26335,52431,15627,2630
Admin Expenses124,770113,66098,278105,31782,66291,530102,98643,76817,52418,45035,57748,65048,05628,236-82,775
Operating Profit-1,453-2,9815,02325,27511,610-6,1385,83012,0487,50515,380-12,314-13,126-16,900-97382,775
Interest Payable000000000000000
Interest Receivable0000005398179166178194213249130
Pre-Tax Profit-1,453-2,9815,02325,27511,610-6,1385,88312,1467,68415,546-12,136-12,932-16,687-72482,904
Tax00-954-4,802-2,2060-1,118-2,429-1,537-3,2650000-23,213
Profit After Tax-1,453-2,9814,06920,4739,404-6,1384,7659,7176,14712,281-12,136-12,932-16,687-72459,691
Dividends Paid000000000000000
Retained Profit-1,453-2,9814,06920,4739,404-6,1384,7659,7176,14712,281-12,136-12,932-16,687-72459,691
Employee Costs135,72593,67288,857111,54583,49281,37481,41484,30127,43124,70824,61123,79823,99123,2630
Number Of Employees433433331111110
EBITDA*-1,453-2,9815,02325,27511,610-6,1385,83012,1137,59117,058-11,710-12,359-15,92318784,249

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets004762821091451932595,0312,2622,8663,6324,3625,522
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets004762821091451932595,0312,2622,8663,6324,3625,522
Stock & work in progress000000019,07619,32918,95920,85018,72022,81224,92025,650
Trade Debtors102,728103,25899,166115,50681,79770,68183,78220,87610,71614,5508,09420,11916,42312,07514,153
Group Debtors000000000000000
Misc Debtors2,7972,4031,5341,4402,8380000000000
Cash000000042,24236,22835,17831,07540,18337,49847,82451,838
misc current assets000003,3793,42500000000
total current assets105,525105,661100,700116,94684,63574,06087,20782,19466,27368,68760,01979,02276,73384,81991,641
total assets105,525105,661100,747117,00884,71774,16987,35282,38766,53273,71862,28181,88880,36589,18197,163
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 32,02930,71222,81743,14731,32930,18537,23037,02828,50337,51134,67738,62538,08329,34636,604
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities32,02930,71222,81743,14731,32930,18537,23037,02828,50337,51134,67738,62538,08329,34636,604
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000002,3876,71210,39013,913000
provisions0000000000000866866
total long term liabilities000000002,3876,71210,39013,9130866866
total liabilities32,02930,71222,81743,14731,32930,18537,23037,02830,89044,22345,06752,53838,08330,21237,470
net assets73,49674,94977,93073,86153,38843,98450,12245,35935,64229,49517,21429,35042,28258,96959,693
total shareholders funds73,49674,94977,93073,86153,38843,98450,12245,35935,64229,49517,21429,35042,28258,96959,693
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-1,453-2,9815,02325,27511,610-6,1385,83012,0487,50515,380-12,314-13,126-16,900-97382,775
Depreciation000000065861,6786047679771,1601,474
Amortisation000000000000000
Tax00-954-4,802-2,2060-1,118-2,429-1,537-3,2650000-23,213
Stock000000-19,076-253370-1,8912,130-4,092-2,108-73025,650
Debtors-1364,961-16,24632,31113,954-13,10162,90610,160-3,8346,456-12,0253,6964,348-2,07814,153
Creditors1,3177,895-20,33011,8181,144-7,0452028,525-9,0082,834-3,9485428,737-7,25836,604
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000-8660866
Cash flow from operations0-47-15-20-3,406-82-38,9168,30251012,062-5,763-11,421-10,292-4,26358,703
Investing Activities
capital expenditure047152027364814,686-4,4470-1-2470-6,996
Change in Investments000000000000000
cash flow from investments047152027364814,686-4,4470-1-2470-6,996
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000-2,387-4,325-3,678-3,52313,913000
share issue000000-200000002
interest0000005398179166178194213249130
cash flow from financing00000051-2,289-4,146-3,512-3,34514,107213249132
cash and cash equivalents
cash000000-42,2426,0141,0504,103-9,1082,685-10,326-4,01451,838
overdraft000000000000000
change in cash000000-42,2426,0141,0504,103-9,1082,685-10,326-4,01451,838

furniture 2000 limited 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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Furniture 2000 Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for furniture 2000 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 N20 area or any other competitors across 12 key performance metrics.

furniture 2000 limited Ownership

FURNITURE 2000 LIMITED group structure

Furniture 2000 Limited has no subsidiary companies.

Ultimate parent company

FURNITURE 2000 LIMITED

03255340

FURNITURE 2000 LIMITED Shareholders

godwin palmier 100%

furniture 2000 limited directors

Furniture 2000 Limited currently has 1 director, Mr Godwin Palmier serving since Oct 1996.

officercountryagestartendrole
Mr Godwin Palmier68 years Oct 1996- Director

P&L

September 2023

turnover

414k

+15%

operating profit

-1.5k

0%

gross margin

29.8%

-2.78%

turnover

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

Balance Sheet

September 2023

net assets

73.5k

-0.02%

total assets

105.5k

0%

cash

0

0%

net assets

Total assets minus all liabilities

furniture 2000 limited company details

company number

03255340

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

September 1996

age

28

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

mountview court, 1148 high road whetstone, london, N20 0RA

Bank

-

Legal Advisor

-

furniture 2000 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 furniture 2000 limited.

furniture 2000 limited Capital Raised & Share Issues BETA

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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furniture 2000 limited Companies House Filings - See Documents

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