carmel funeral services limited Company Information
Company Number
03587813
Website
-Registered Address
first floor 94 stamford hill, london, N16 6XS
Industry
Funeral and related activities
Telephone
02084585380
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
zelma gluck 50%
harold gluck 50%
carmel funeral services limited Estimated Valuation
Pomanda estimates the enterprise value of CARMEL FUNERAL SERVICES LIMITED at £643.3k based on a Turnover of £697.5k and 0.92x industry multiple (adjusted for size and gross margin).
carmel funeral services limited Estimated Valuation
Pomanda estimates the enterprise value of CARMEL FUNERAL SERVICES LIMITED at £1.4k based on an EBITDA of £313 and a 4.55x industry multiple (adjusted for size and gross margin).
carmel funeral services limited Estimated Valuation
Pomanda estimates the enterprise value of CARMEL FUNERAL SERVICES LIMITED at £80.6k based on Net Assets of £165.9k and 0.49x industry multiple (adjusted for liquidity).
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Carmel Funeral Services Limited Overview
Carmel Funeral Services Limited is a live company located in london, N16 6XS with a Companies House number of 03587813. It operates in the funeral and related activities sector, SIC Code 96030. Founded in June 1998, it's largest shareholder is zelma gluck with a 50% stake. Carmel Funeral Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £697.5k with healthy growth in recent years.
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Carmel Funeral Services Limited Health Check
Pomanda's financial health check has awarded Carmel Funeral Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
2 Regular
![positive_score](/assets/images/scoreRate0.png)
6 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £697.5k, make it smaller than the average company (£2.1m)
- Carmel Funeral Services Limited
£2.1m - Industry AVG
![growth](/assets/images/scoreRate2.png)
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.1%)
- Carmel Funeral Services Limited
4.1% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
- Carmel Funeral Services Limited
56.7% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of -3.4% make it less profitable than the average company (14.3%)
- Carmel Funeral Services Limited
14.3% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 11 employees, this is below the industry average (16)
11 - Carmel Funeral Services Limited
16 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)
- Carmel Funeral Services Limited
£29.6k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £63.4k, this is less efficient (£111.3k)
- Carmel Funeral Services Limited
£111.3k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (25 days)
- Carmel Funeral Services Limited
25 days - Industry AVG
![creditordays](/assets/images/scoreRate2.png)
Creditor Days
its suppliers are paid after 62 days, this is slower than average (28 days)
- Carmel Funeral Services Limited
28 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 14 days, this is more than average (8 days)
- Carmel Funeral Services Limited
8 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (31 weeks)
46 weeks - Carmel Funeral Services Limited
31 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate0.png)
Debt Level
it has a ratio of liabilities to total assets of 55.2%, this is a higher level of debt than the average (44.9%)
55.2% - Carmel Funeral Services Limited
44.9% - Industry AVG
CARMEL FUNERAL SERVICES LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Carmel Funeral Services Limited's latest turnover from June 2023 is estimated at £697.5 thousand and the company has net assets of £165.9 thousand. According to their latest financial statements, Carmel Funeral Services Limited has 11 employees and maintains cash reserves of £166.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 495,035 | 262,353 | 281,992 | |||||||||||
Other Income Or Grants | 0 | 0 | 0 | |||||||||||
Cost Of Sales | 170,823 | 113,732 | 97,746 | |||||||||||
Gross Profit | 324,212 | 148,621 | 184,246 | |||||||||||
Admin Expenses | 219,510 | |||||||||||||
Operating Profit | 104,702 | |||||||||||||
Interest Payable | 933 | 0 | 0 | |||||||||||
Interest Receivable | 0 | 0 | 0 | |||||||||||
Pre-Tax Profit | 103,769 | -18,814 | 11,866 | |||||||||||
Tax | -21,020 | 0 | -606 | |||||||||||
Profit After Tax | 82,749 | -18,814 | 11,260 | |||||||||||
Dividends Paid | 0 | 0 | 5,000 | |||||||||||
Retained Profit | 82,749 | -18,814 | 6,260 | |||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 11 | 10 | 9 | 9 | 9 | 6 | 6 | 6 | ||||||
EBITDA* | 133,239 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 131,127 | 144,392 | 145,032 | 167,592 | 186,059 | 194,878 | 212,507 | 222,081 | 236,597 | 218,193 | 227,313 | 244,337 | 247,235 | 246,193 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 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 | 0 | 0 |
Total Fixed Assets | 131,127 | 144,392 | 145,032 | 167,592 | 186,059 | 194,878 | 212,507 | 222,081 | 236,597 | 218,193 | 227,313 | 244,337 | 247,235 | 246,193 |
Stock & work in progress | 12,200 | 15,500 | 24,500 | 42,570 | 38,700 | 35,200 | 32,010 | 29,100 | 25,300 | 23,400 | 22,000 | 20,000 | 18,800 | 14,900 |
Trade Debtors | 30,105 | 6,210 | 14,105 | 4,785 | 10,320 | 11,476 | 25,111 | 14,782 | 17,906 | 20,842 | 26,842 | 13,043 | 10,237 | 11,142 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 30,308 | 378 | 6,488 | 0 | 0 | 0 | 0 | 354 | 0 | 0 | 0 | 0 | 2,580 | 6,110 |
Cash | 166,346 | 250,831 | 227,292 | 139,727 | 25,883 | 36,689 | 31,395 | 25,438 | 17,688 | 14,694 | 31,902 | 15,619 | 5,485 | 30,445 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 238,959 | 272,919 | 272,385 | 187,082 | 74,903 | 83,365 | 88,516 | 69,674 | 60,894 | 58,936 | 80,744 | 48,662 | 37,102 | 62,597 |
total assets | 370,086 | 417,311 | 417,417 | 354,674 | 260,962 | 278,243 | 301,023 | 291,755 | 297,491 | 277,129 | 308,057 | 292,999 | 284,337 | 308,790 |
Bank overdraft | 696 | 669 | 2,594 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 946 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 51,690 | 55,134 | 49,220 | 0 | 0 | 0 | 0 | 32,385 | 175,010 | 159,587 | 192,728 | 193,019 | 60,970 | 61,222 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 117,489 | 117,489 | 117,490 | 117,491 | 117,491 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 9,267 | 5,881 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 132,245 | 154,538 | 174,049 | 67,611 | 50,101 | 40,980 | 49,677 | 31,590 | 0 | 0 | 0 | 0 | 140,588 | 146,921 |
total current liabilities | 184,631 | 219,608 | 231,744 | 185,100 | 167,590 | 158,470 | 167,168 | 181,466 | 175,010 | 159,587 | 192,728 | 193,019 | 202,504 | 208,143 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 3,390 | 3,750 | 1,907 | 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 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 7,210 | 13,757 | 20,305 | 14,610 | 18,465 | 16,043 | 9,917 | 0 | 0 | 0 | 0 |
provisions | 16,168 | 14,912 | 13,145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 19,558 | 18,662 | 15,052 | 7,210 | 13,757 | 20,305 | 14,610 | 18,465 | 16,043 | 9,917 | 0 | 0 | 0 | 0 |
total liabilities | 204,189 | 238,270 | 246,796 | 192,310 | 181,347 | 178,775 | 181,778 | 199,931 | 191,053 | 169,504 | 192,728 | 193,019 | 202,504 | 208,143 |
net assets | 165,897 | 179,041 | 170,621 | 162,364 | 79,615 | 99,468 | 119,245 | 91,824 | 106,438 | 107,625 | 115,329 | 99,980 | 81,833 | 100,647 |
total shareholders funds | 165,897 | 179,041 | 170,621 | 162,364 | 79,615 | 99,468 | 119,245 | 91,824 | 106,438 | 107,625 | 115,329 | 99,980 | 81,833 | 100,647 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 104,702 | |||||||||||||
Depreciation | 23,812 | 23,791 | 22,138 | 28,537 | 28,818 | 26,906 | 27,140 | 27,064 | 27,783 | 22,780 | 22,637 | 24,159 | 22,930 | 21,006 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -21,020 | 0 | -606 | |||||||||||
Stock | -3,300 | -9,000 | -18,070 | 3,870 | 3,500 | 3,190 | 2,910 | 3,800 | 1,900 | 1,400 | 2,000 | 1,200 | 3,900 | 14,900 |
Debtors | 53,825 | -14,005 | 15,808 | -5,535 | -1,156 | -13,635 | 9,975 | -2,770 | -2,936 | -6,000 | 13,799 | 226 | -4,435 | 17,252 |
Creditors | -3,444 | 5,914 | 49,220 | 0 | 0 | 0 | -32,385 | -142,625 | 15,423 | -33,141 | -291 | 132,049 | -252 | 61,222 |
Accruals and Deferred Income | -22,293 | -19,511 | 106,438 | 17,510 | 9,121 | -8,697 | 18,087 | 31,590 | 0 | 0 | 0 | -140,588 | -6,333 | 146,921 |
Deferred Taxes & Provisions | 1,256 | 1,767 | 13,145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 131,394 | |||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 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 |
Other Short Term Loans | 0 | 0 | -117,489 | 0 | -1 | -1 | 0 | 117,491 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -9,627 | 5,229 | 7,788 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | -7,210 | -6,547 | -6,548 | 5,695 | -3,855 | 2,422 | 6,126 | 9,917 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -933 | 0 | 0 | |||||||||||
cash flow from financing | -7,480 | 0 | 94,387 | |||||||||||
cash and cash equivalents | ||||||||||||||
cash | -84,485 | 23,539 | 87,565 | 113,844 | -10,806 | 5,294 | 5,957 | 7,750 | 2,994 | -17,208 | 16,283 | 10,134 | -24,960 | 30,445 |
overdraft | 27 | -1,925 | 2,594 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -946 | 946 | 0 |
change in cash | -84,512 | 25,464 | 84,971 | 113,844 | -10,806 | 5,294 | 5,957 | 7,750 | 2,994 | -17,208 | 16,283 | 11,080 | -25,906 | 30,445 |
carmel funeral services limited Credit Report and Business Information
Carmel Funeral Services Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for carmel funeral services limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in N16 area or any other competitors across 12 key performance metrics.
carmel funeral services limited Ownership
CARMEL FUNERAL SERVICES LIMITED group structure
Carmel Funeral Services Limited has no subsidiary companies.
Ultimate parent company
CARMEL FUNERAL SERVICES LIMITED
03587813
carmel funeral services limited directors
Carmel Funeral Services Limited currently has 2 directors. The longest serving directors include Mr Harold Gluck (Jun 1998) and Mrs Zelma Gluck (Jun 1998).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Harold Gluck | England | 72 years | Jun 1998 | - | Director |
Mrs Zelma Gluck | 70 years | Jun 1998 | - | Director |
P&L
June 2023turnover
697.5k
+37%
operating profit
-23.5k
0%
gross margin
56.7%
-4.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
165.9k
-0.07%
total assets
370.1k
-0.11%
cash
166.3k
-0.34%
net assets
Total assets minus all liabilities
carmel funeral services limited company details
company number
03587813
Type
Private limited with Share Capital
industry
96030 - Funeral and related activities
incorporation date
June 1998
age
26
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
first floor 94 stamford hill, london, N16 6XS
accountant
SUGARWHITE MEYER ACCOUNTANTS LTD
auditor
-
carmel funeral services 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 carmel funeral services limited.
![charges](/assets/images/company_charges.png)
carmel funeral services limited Companies House Filings - See Documents
date | description | view/download |
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