Currentmyth Limited

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currentmyth limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

03330554

Website

http://home.btconnect.com

Registered Address

7 st. petersgate, stockport, SK1 1EB

Industry

Wholesale of pharmaceutical goods

Telephone

01257263836

Next Accounts Due

778 days late

Group Structure

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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).

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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.

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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 Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	4,875,366	4,741,173	3,701,110	12,425,790	7,012,262	10,710,742	11,182,130	7,996,860	8,548,660	8,282,325	3,828,276	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,668,916	3,611,742	2,825,413	9,308,929	5,134,435	7,769,536	8,255,298	6,014,811	6,700,513	6,428,647	3,027,132	0
Gross Profit	1,206,450	1,129,431	875,697	3,116,861	1,877,827	2,941,206	2,926,832	1,982,050	1,848,148	1,853,678	801,144	0
Admin Expenses	1,240,409	1,021,055	1,259,620	2,881,424	1,823,327	2,995,127	2,775,133	1,824,573	1,842,471	1,714,156	870,316	-127,405
Operating Profit	-33,959	108,376	-383,923	235,437	54,500	-53,921	151,699	157,477	5,677	139,522	-69,172	127,405
Interest Payable	2	2	0	0	0	0	0	0	0	0	0	0
Interest Receivable	338	5	11	10	25	17	6	4	59	267	210	0
Pre-Tax Profit	-33,623	108,379	-383,912	235,447	54,525	-53,904	151,705	157,481	5,736	139,789	-68,962	127,406
Tax	0	-20,592	0	-44,735	-10,905	0	-31,858	-36,221	-1,377	-36,345	0	-35,674
Profit After Tax	-33,623	87,787	-383,912	190,712	43,620	-53,904	119,847	121,260	4,359	103,444	-68,962	91,732
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,623	87,787	-383,912	190,712	43,620	-53,904	119,847	121,260	4,359	103,444	-68,962	91,732
Employee Costs	296,026	269,581	236,467	207,750	187,556	920,400	964,282	659,294	716,845	668,812	349,094	0
Number Of Employees	5	5	4	4	4	21	22	16	17	17	9	0
EBITDA*	-27,096	116,456	-374,488	238,007	89,987	-15,915	171,078	173,461	32,183	179,527	-34,441	156,343

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	21,136	25,520	28,600	2,567	5,137	76,049	112,442	51,394	69,792	114,298	60,179	59,414
Intangible Assets	0	0	0	0	0	0	0	0	0	0	17,500	35,000
Investments & Other	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
Total Fixed Assets	21,136	25,520	28,600	2,567	5,137	76,049	112,442	51,394	69,792	114,298	77,679	94,414
Stock & work in progress	894,959	940,497	519,747	915,722	1,246,923	1,185,496	1,081,876	840,976	766,495	505,005	338,378	302,646
Trade Debtors	776,461	715,958	632,525	3,028,335	1,192,183	1,269,149	1,463,485	980,272	1,004,384	1,150,512	430,606	553,281
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	14,395	11,975	63,556	10,309	16,928	0	0	0	0	0	0	0
Cash	675,817	380	835	3,479	4,328	5,523	1,426	879	528	22,970	83,961	114
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,361,632	1,668,810	1,216,663	3,957,845	2,460,362	2,460,168	2,546,787	1,822,127	1,771,407	1,678,487	852,945	856,041
total assets	2,382,768	1,694,330	1,245,263	3,960,412	2,465,499	2,536,217	2,659,229	1,873,521	1,841,199	1,792,785	930,624	950,455
Bank overdraft	0	58	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	848,766	887,808	637,043	2,253,807	1,404,614	2,208,619	2,261,060	1,621,588	1,710,526	1,653,194	904,624	850,645
Group/Directors Accounts	740,253	89,868	28,656	25,569	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	571,289	460,513	411,268	1,128,828	699,389	0	0	0	0	0	0	0
total current liabilities	2,160,308	1,438,247	1,076,967	3,408,204	2,104,003	2,208,619	2,261,060	1,621,588	1,710,526	1,653,194	904,624	850,645
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	9,722	26,389	0	0	11,667	0	6,250
provisions	0	0	0	0	0	0	0	0	0	1,610	3,130	1,728
total long term liabilities	0	0	0	0	0	9,722	26,389	0	0	13,277	3,130	7,978
total liabilities	2,160,308	1,438,247	1,076,967	3,408,204	2,104,003	2,218,341	2,287,449	1,621,588	1,710,526	1,666,471	907,754	858,623
net assets	222,460	256,083	168,296	552,208	361,496	317,876	371,780	251,933	130,673	126,314	22,870	91,832
total shareholders funds	222,460	256,083	168,296	552,208	361,496	317,876	371,780	251,933	130,673	126,314	22,870	91,832

	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-33,959	108,376	-383,923	235,437	54,500	-53,921	151,699	157,477	5,677	139,522	-69,172	127,405
Depreciation	6,863	8,080	9,435	2,570	35,487	38,006	19,379	15,984	26,506	22,505	17,231	11,438
Amortisation	0	0	0	0	0	0	0	0	0	17,500	17,500	17,500
Tax	0	-20,592	0	-44,735	-10,905	0	-31,858	-36,221	-1,377	-36,345	0	-35,674
Stock	-45,538	420,750	-395,975	-331,201	61,427	103,620	240,900	74,481	261,490	166,627	35,732	302,646
Debtors	62,923	31,852	-2,342,563	1,829,533	-60,038	-194,336	483,213	-24,112	-146,128	719,906	-122,675	553,281
Creditors	-39,042	250,765	-1,616,764	849,193	-804,005	-52,441	639,472	-88,938	57,332	748,570	53,979	850,645
Accruals and Deferred Income	110,776	49,245	-717,560	429,439	699,389	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-1,610	-1,520	1,402	1,728
Cash flow from operations	27,253	-56,728	29,726	-26,428	-26,923	22,360	54,579	-2,067	-28,834	3,699	107,883	117,115
Investing Activities
capital expenditure	-2,479	-5,000	-35,468	0	35,425	-1,613	-80,427	2,414	18,000	-76,624	-17,996	-123,352
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,479	-5,000	-35,468	0	35,425	-1,613	-80,427	2,414	18,000	-76,624	-17,996	-123,352
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	650,385	61,212	3,087	25,569	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-9,722	-16,667	26,389	0	-11,667	11,667	-6,250	6,250
share issue	0	0	0	0	0	0	0	0	0	0	0	100
interest	336	3	11	10	25	17	6	4	59	267	210	0
cash flow from financing	650,721	61,215	3,098	25,579	-9,697	-16,650	26,395	4	-11,608	11,934	-6,040	6,350
cash and cash equivalents
cash	675,437	-455	-2,644	-849	-1,195	4,097	547	351	-22,442	-60,991	83,847	114
overdraft	-58	58	0	0	0	0	0	0	0	0	0	0
change in cash	675,495	-513	-2,644	-849	-1,195	4,097	547	351	-22,442	-60,991	83,847	114

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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

officer	country	age	start	end	role
Mr Ian Andrews		68 years	Mar 1997	-	Director
Mrs Lynn Andrews		67 years	Mar 1997	-	Director

P&L

July 2020

turnover

4.9m

+3%

operating profit

-34k

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

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company number

03330554

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

incorporation date

March 1997

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

7 st. petersgate, stockport, SK1 1EB

last accounts submitted

July 2020

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.

currentmyth limited Company Information

currentmyth limited Estimated Valuation

currentmyth limited Estimated Valuation

currentmyth limited Estimated Valuation

Currentmyth Limited Overview

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CURRENTMYTH LIMITED financials

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