currentmyth limited

3.5

currentmyth limited Company Information

Share CURRENTMYTH LIMITED
Live (In Liquidation)
MatureSmallDeclining

Company Number

03330554

Registered Address

7 st. petersgate, stockport, SK1 1EB

Industry

Wholesale of pharmaceutical goods

 

Telephone

01257263836

Next Accounts Due

778 days late

Group Structure

View All

Directors

Ian Andrews27 Years

Lynn Andrews27 Years

Shareholders

lynn andrews 50%

ian james andrews 50%

currentmyth limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of CURRENTMYTH LIMITED at £3.2m based on a Turnover of £4.9m and 0.66x industry multiple (adjusted for size and gross margin).

currentmyth limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CURRENTMYTH LIMITED at £0 based on an EBITDA of £-27.1k and a 5.21x industry multiple (adjusted for size and gross margin).

currentmyth limited Estimated Valuation

£468.5k

Pomanda estimates the enterprise value of CURRENTMYTH LIMITED at £468.5k based on Net Assets of £222.5k and 2.11x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Currentmyth Limited Overview

Currentmyth Limited is a live company located in stockport, SK1 1EB with a Companies House number of 03330554. It operates in the wholesale of pharmaceutical goods sector, SIC Code 46460. Founded in March 1997, it's largest shareholder is lynn andrews with a 50% stake. Currentmyth Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Currentmyth Limited Health Check

Pomanda's financial health check has awarded Currentmyth 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 Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £4.9m, make it smaller than the average company (£24.1m)

£4.9m - Currentmyth Limited

£24.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (6.3%)

-27% - Currentmyth Limited

6.3% - Industry AVG

production

Production

with a gross margin of 24.8%, this company has a comparable cost of product (24.8%)

24.8% - Currentmyth Limited

24.8% - Industry AVG

profitability

Profitability

an operating margin of -0.7% make it less profitable than the average company (3.6%)

-0.7% - Currentmyth Limited

3.6% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (44)

5 - Currentmyth Limited

44 - Industry AVG

paystructure

Pay Structure

on an average salary of £59.2k, the company has an equivalent pay structure (£59.2k)

£59.2k - Currentmyth Limited

£59.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £975.1k, this is more efficient (£584.5k)

£975.1k - Currentmyth Limited

£584.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is near the average (60 days)

58 days - Currentmyth Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 84 days, this is slower than average (28 days)

84 days - Currentmyth Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 89 days, this is more than average (60 days)

89 days - Currentmyth Limited

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (11 weeks)

16 weeks - Currentmyth Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 90.7%, this is a higher level of debt than the average (57.7%)

90.7% - Currentmyth Limited

57.7% - Industry AVG

CURRENTMYTH LIMITED financials

EXPORTms excel logo

Currentmyth Limited's latest turnover from July 2020 is estimated at £4.9 million and the company has net assets of £222.5 thousand. According to their latest financial statements, Currentmyth Limited has 5 employees and maintains cash reserves of £675.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover4,875,3664,741,1733,701,11012,425,7907,012,26210,710,74211,182,1307,996,8608,548,6608,282,3253,828,2760
Other Income Or Grants000000000000
Cost Of Sales3,668,9163,611,7422,825,4139,308,9295,134,4357,769,5368,255,2986,014,8116,700,5136,428,6473,027,1320
Gross Profit1,206,4501,129,431875,6973,116,8611,877,8272,941,2062,926,8321,982,0501,848,1481,853,678801,1440
Admin Expenses1,240,4091,021,0551,259,6202,881,4241,823,3272,995,1272,775,1331,824,5731,842,4711,714,156870,316-127,405
Operating Profit-33,959108,376-383,923235,43754,500-53,921151,699157,4775,677139,522-69,172127,405
Interest Payable220000000000
Interest Receivable33851110251764592672100
Pre-Tax Profit-33,623108,379-383,912235,44754,525-53,904151,705157,4815,736139,789-68,962127,406
Tax0-20,5920-44,735-10,9050-31,858-36,221-1,377-36,3450-35,674
Profit After Tax-33,62387,787-383,912190,71243,620-53,904119,847121,2604,359103,444-68,96291,732
Dividends Paid000000000000
Retained Profit-33,62387,787-383,912190,71243,620-53,904119,847121,2604,359103,444-68,96291,732
Employee Costs296,026269,581236,467207,750187,556920,400964,282659,294716,845668,812349,0940
Number Of Employees55444212216171790
EBITDA*-27,096116,456-374,488238,00789,987-15,915171,078173,46132,183179,527-34,441156,343

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets21,13625,52028,6002,5675,13776,049112,44251,39469,792114,29860,17959,414
Intangible Assets000000000017,50035,000
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets21,13625,52028,6002,5675,13776,049112,44251,39469,792114,29877,67994,414
Stock & work in progress894,959940,497519,747915,7221,246,9231,185,4961,081,876840,976766,495505,005338,378302,646
Trade Debtors776,461715,958632,5253,028,3351,192,1831,269,1491,463,485980,2721,004,3841,150,512430,606553,281
Group Debtors000000000000
Misc Debtors14,39511,97563,55610,30916,9280000000
Cash675,8173808353,4794,3285,5231,42687952822,97083,961114
misc current assets000000000000
total current assets2,361,6321,668,8101,216,6633,957,8452,460,3622,460,1682,546,7871,822,1271,771,4071,678,487852,945856,041
total assets2,382,7681,694,3301,245,2633,960,4122,465,4992,536,2172,659,2291,873,5211,841,1991,792,785930,624950,455
Bank overdraft0580000000000
Bank loan000000000000
Trade Creditors 848,766887,808637,0432,253,8071,404,6142,208,6192,261,0601,621,5881,710,5261,653,194904,624850,645
Group/Directors Accounts740,25389,86828,65625,56900000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities571,289460,513411,2681,128,828699,3890000000
total current liabilities2,160,3081,438,2471,076,9673,408,2042,104,0032,208,6192,261,0601,621,5881,710,5261,653,194904,624850,645
loans000000000000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities000009,72226,3890011,66706,250
provisions0000000001,6103,1301,728
total long term liabilities000009,72226,3890013,2773,1307,978
total liabilities2,160,3081,438,2471,076,9673,408,2042,104,0032,218,3412,287,4491,621,5881,710,5261,666,471907,754858,623
net assets222,460256,083168,296552,208361,496317,876371,780251,933130,673126,31422,87091,832
total shareholders funds222,460256,083168,296552,208361,496317,876371,780251,933130,673126,31422,87091,832
Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit-33,959108,376-383,923235,43754,500-53,921151,699157,4775,677139,522-69,172127,405
Depreciation6,8638,0809,4352,57035,48738,00619,37915,98426,50622,50517,23111,438
Amortisation00000000017,50017,50017,500
Tax0-20,5920-44,735-10,9050-31,858-36,221-1,377-36,3450-35,674
Stock-45,538420,750-395,975-331,20161,427103,620240,90074,481261,490166,62735,732302,646
Debtors62,92331,852-2,342,5631,829,533-60,038-194,336483,213-24,112-146,128719,906-122,675553,281
Creditors-39,042250,765-1,616,764849,193-804,005-52,441639,472-88,93857,332748,57053,979850,645
Accruals and Deferred Income110,77649,245-717,560429,439699,3890000000
Deferred Taxes & Provisions00000000-1,610-1,5201,4021,728
Cash flow from operations27,253-56,72829,726-26,428-26,92322,36054,579-2,067-28,8343,699107,883117,115
Investing Activities
capital expenditure-2,479-5,000-35,468035,425-1,613-80,4272,41418,000-76,624-17,996-123,352
Change in Investments000000000000
cash flow from investments-2,479-5,000-35,468035,425-1,613-80,4272,41418,000-76,624-17,996-123,352
Financing Activities
Bank loans000000000000
Group/Directors Accounts650,38561,2123,08725,56900000000
Other Short Term Loans 000000000000
Long term loans000000000000
Hire Purchase and Lease Commitments000000000000
other long term liabilities0000-9,722-16,66726,3890-11,66711,667-6,2506,250
share issue00000000000100
interest33631110251764592672100
cash flow from financing650,72161,2153,09825,579-9,697-16,65026,3954-11,60811,934-6,0406,350
cash and cash equivalents
cash675,437-455-2,644-849-1,1954,097547351-22,442-60,99183,847114
overdraft-58580000000000
change in cash675,495-513-2,644-849-1,1954,097547351-22,442-60,99183,847114

currentmyth limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for currentmyth limited. Get real-time insights into currentmyth limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Currentmyth Limited Competitor Analysis

BETA
competitor_analysis_table_img

Perform a competitor analysis for currentmyth limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

currentmyth limited Ownership

CURRENTMYTH LIMITED group structure

Currentmyth Limited has no subsidiary companies.

Ultimate parent company

CURRENTMYTH LIMITED

03330554

CURRENTMYTH LIMITED Shareholders

lynn andrews 50%
ian james andrews 50%

currentmyth limited directors

Currentmyth Limited currently has 2 directors. The longest serving directors include Mr Ian Andrews (Mar 1997) and Mrs Lynn Andrews (Mar 1997).

officercountryagestartendrole
Mr Ian Andrews68 years Mar 1997- Director
Mrs Lynn Andrews67 years Mar 1997- Director

P&L

July 2020

turnover

4.9m

+3%

operating profit

-34k

0%

gross margin

24.8%

+3.88%

turnover

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

Balance Sheet

July 2020

net assets

222.5k

-0.13%

total assets

2.4m

+0.41%

cash

675.8k

+1777.47%

net assets

Total assets minus all liabilities

currentmyth limited company details

company number

03330554

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

incorporation date

March 1997

age

27

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

7 st. petersgate, stockport, SK1 1EB

last accounts submitted

July 2020

currentmyth 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 found 6 charges/mortgages relating to currentmyth limited. Currently there are 1 open charges and 5 have been satisfied in the past.

charges

currentmyth limited Companies House Filings - See Documents

datedescriptionview/download