Furniture Online Global Ltd

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furniture online global ltd Company Information

Live

MatureSmallDeclining

Company Number

03931917

Next Accounts

Mar 2025

Industry

Other retail sale not in stores, stalls or markets

Directors

Pravin Majithia

Sarju Majithia

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Shareholders

shyam majithia

sarju majithia

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Group Structure

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Contact

Registered Address

mpk house 318 melton road, leicester, leicestershire, LE4 7SL

Website

https://sonic-online.co.uk

furniture online global ltd Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of FURNITURE ONLINE GLOBAL LTD at £2.8m based on Net Assets of £1.4m and 1.96x industry multiple (adjusted for liquidity).

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Furniture Online Global Ltd is a live company located in leicestershire, LE4 7SL with a Companies House number of 03931917. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in February 2000, it's largest shareholder is shyam majithia with a 45% stake. Furniture Online Global Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Furniture Online Global Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £3m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.5%)

EXPORT

Furniture Online Global Ltd's latest turnover from June 2023 is estimated at £3 million and the company has net assets of £1.4 million. According to their latest financial statements, Furniture Online Global Ltd has 10 employees and maintains cash reserves of £386.5 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	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,970,266	3,730,951	3,642,341	3,257,915	2,344,529	2,095,822	1,777,947	1,399,007	1,720,080	1,093,997	1,197,733	326,775	327,367	507,983
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,014,198	2,520,988	2,472,827	2,184,156	1,555,009	1,403,496	1,172,043	916,235	1,135,067	733,746	790,864	212,630	214,294	336,802
Gross Profit	956,069	1,209,963	1,169,514	1,073,759	789,519	692,326	605,904	482,772	585,013	360,251	406,869	114,146	113,073	171,181
Admin Expenses	903,965	1,179,976	813,811	696,191	634,293	607,745	588,410	301,700	297,392	233,919	461,592	140,535	115,096	-62,004
Operating Profit	52,104	29,987	355,703	377,568	155,226	84,581	17,494	181,072	287,621	126,332	-54,723	-26,389	-2,023	233,185
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,095	6,130	1,029	929	3,583	2,161	932	1,548	785	273	186	538	1,109	706
Pre-Tax Profit	70,199	36,117	356,732	378,496	158,809	86,742	18,426	182,620	288,406	126,605	-54,537	-25,851	-914	233,892
Tax	-17,550	-6,862	-67,779	-71,914	-30,174	-16,481	-3,501	-36,524	-60,565	-29,119	0	0	0	-65,490
Profit After Tax	52,649	29,255	288,953	306,582	128,635	70,261	14,925	146,096	227,841	97,486	-54,537	-25,851	-914	168,402
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	52,649	29,255	288,953	306,582	128,635	70,261	14,925	146,096	227,841	97,486	-54,537	-25,851	-914	168,402
Employee Costs	337,514	351,993	391,981	342,117	394,521	301,676	200,007	201,227	259,030	155,559	192,543	58,535	58,419	92,213
Number Of Employees	10	11	12	12	13	10	7	6	8	5	6	2	2	3
EBITDA*	143,956	118,350	416,472	412,187	174,298	95,577	22,999	183,782	290,346	128,426	-44,512	-15,508	7,530	249,747

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	210,995	188,026	242,184	89,478	75,893	80,149	27,231	16,391	11,914	8,180	17,538	25,363	22,258	10,517
Intangible Assets	88,664	92,423	83,629	60,041	44,352	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	299,659	280,449	325,813	149,519	120,245	80,149	27,231	16,391	11,914	8,180	17,538	25,363	22,258	10,517
Stock & work in progress	987,178	1,353,904	1,438,167	259,691	765,717	768,677	629,671	333,780	300,014	188,576	149,390	61,055	33,196	31,769
Trade Debtors	441,897	518,842	449,533	594,312	225,715	74,685	199,098	173,428	189,679	115,082	132,036	36,789	31,567	20,824
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	196,865	99,466	120,239	23,901	67,574	241,333	33,384	62,474	0	0	0	0	0	0
Cash	386,455	337,337	643,508	1,415,218	441,990	513,493	350,708	394,593	224,688	89,273	20,015	54,376	161,014	282,571
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,012,395	2,309,549	2,651,447	2,293,122	1,500,996	1,598,188	1,212,861	964,275	714,381	392,931	301,441	152,220	225,777	335,164
total assets	2,312,054	2,589,998	2,977,260	2,442,641	1,621,241	1,678,337	1,240,092	980,666	726,295	401,111	318,979	177,583	248,035	345,681
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	189,657	411,910	479,234	486,157	429,280	550,961	249,382	150,002	308,773	215,937	231,878	35,945	80,546	177,278
Group/Directors Accounts	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
hp & lease commitments	30,725	38,160	35,845	8,053	15,539	14,795	0	1,959	3,691	0	0	0	0	0
other current liabilities	559,637	679,866	994,279	855,081	384,854	432,483	414,189	267,438	0	0	0	0	0	0
total current liabilities	780,019	1,129,936	1,509,358	1,349,291	829,673	998,239	663,571	419,399	312,464	215,937	231,878	35,945	80,546	177,278
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	29,967	16,481	54,673	0	8,048	23,587	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	0	0	0	0	0	0	0	0	0	0	0
provisions	52,185	46,347	45,250	14,324	11,076	12,702	2,973	2,644	1,304	488	0	0	0	0
total long term liabilities	82,152	62,828	99,923	14,324	19,124	36,289	2,973	2,644	1,304	488	0	0	0	0
total liabilities	862,171	1,192,764	1,609,281	1,363,615	848,797	1,034,528	666,544	422,043	313,768	216,425	231,878	35,945	80,546	177,278
net assets	1,449,883	1,397,234	1,367,979	1,079,026	772,444	643,809	573,548	558,623	412,527	184,686	87,101	141,638	167,489	168,403
total shareholders funds	1,449,883	1,397,234	1,367,979	1,079,026	772,444	643,809	573,548	558,623	412,527	184,686	87,101	141,638	167,489	168,403

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	52,104	29,987	355,703	377,568	155,226	84,581	17,494	181,072	287,621	126,332	-54,723	-26,389	-2,023	233,185
Depreciation	64,563	62,215	43,217	22,750	17,852	10,996	5,505	2,710	2,725	2,094	10,211	10,881	9,553	11,562
Amortisation	27,289	26,148	17,552	11,869	1,220	0	0	0	0	0	0	0	0	5,000
Tax	-17,550	-6,862	-67,779	-71,914	-30,174	-16,481	-3,501	-36,524	-60,565	-29,119	0	0	0	-65,490
Stock	-366,726	-84,263	1,178,476	-506,026	-2,960	139,006	295,891	33,766	111,438	39,186	88,335	27,859	1,427	31,769
Debtors	20,454	48,536	-48,441	324,924	-22,729	83,536	-3,420	46,223	74,597	-16,954	95,247	5,222	10,743	20,824
Creditors	-222,253	-67,324	-6,923	56,877	-121,681	301,579	99,380	-158,771	92,836	-15,941	195,933	-44,601	-96,732	177,278
Accruals and Deferred Income	-120,229	-314,413	139,198	470,227	-47,629	18,294	146,751	267,438	0	0	0	0	0	0
Deferred Taxes & Provisions	5,838	1,097	30,926	3,248	-1,626	9,729	329	1,340	816	488	0	0	0	0
Cash flow from operations	136,034	-233,425	-618,141	1,051,727	-1,123	186,156	-26,513	177,276	137,398	61,622	-32,161	-93,190	-101,372	308,942
Investing Activities
capital expenditure	-111,062	-42,999	-237,063	-63,893	-59,168	-63,914	-16,345	-7,187	-6,459	7,264	-2,386	-13,986	-21,294	-27,079
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-111,062	-42,999	-237,063	-63,893	-59,168	-63,914	-16,345	-7,187	-6,459	7,264	-2,386	-13,986	-21,294	-27,079
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	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	0	0
Hire Purchase and Lease Commitments	6,051	-35,877	82,465	-15,534	-14,795	38,382	-1,959	-1,732	3,691	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	99	0	0	0	1
interest	18,095	6,130	1,029	929	3,583	2,161	932	1,548	785	273	186	538	1,109	706
cash flow from financing	24,146	-29,747	83,494	-14,605	-11,212	40,543	-1,027	-184	4,476	372	186	538	1,109	707
cash and cash equivalents
cash	49,118	-306,171	-771,710	973,228	-71,503	162,785	-43,885	169,905	135,415	69,258	-34,361	-106,638	-121,557	282,571
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	49,118	-306,171	-771,710	973,228	-71,503	162,785	-43,885	169,905	135,415	69,258	-34,361	-106,638	-121,557	282,571

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 furniture online global ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LE4 area or any other competitors across 12 key performance metrics.

FURNITURE ONLINE GLOBAL LTD group structure

Furniture Online Global Ltd has no subsidiary companies.

Ultimate parent company

FURNITURE ONLINE GLOBAL LTD

03931917

FURNITURE ONLINE GLOBAL LTD Shareholders

shyam majithia	45%
sarju majithia	35%
mauli majithia	5%
anjali majithia	5%
hema majithia	5%
nirav majithia	5%

Furniture Online Global Ltd currently has 4 directors. The longest serving directors include Mr Pravin Majithia (May 2000) and Mr Sarju Majithia (Mar 2001).

officer	country	age	start	end	role
Mr Pravin Majithia		71 years	May 2000	-	Director
Mr Sarju Majithia	England	53 years	Mar 2001	-	Director
Sarju Majithia	England	53 years	Mar 2001	-	Director
Mr Shyam Majithia		41 years	Mar 2011	-	Director

P&L

June 2023

turnover

-20%

operating profit

52.1k

gross margin

32.2%

-0.75%

turnover

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

Balance Sheet

June 2023

net assets

1.4m

+0.04%

total assets

2.3m

-0.11%

cash

386.5k

+0.15%

net assets

Total assets minus all liabilities

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company number

03931917

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

February 2000

ultimate parent company

None

previous names

sonic online ltd (June 2021)

sonic watches limited (January 2006)

address

mpk house 318 melton road, leicester, leicestershire, LE4 7SL

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 online global ltd.

furniture online global ltd Company Information

furniture online global ltd Estimated Valuation

furniture online global ltd Estimated Valuation

furniture online global ltd Estimated Valuation

Furniture Online Global Ltd Overview

Furniture Online Global Ltd Health Check

FURNITURE ONLINE GLOBAL LTD financials

furniture online global ltd Credit Report and Business Information

Furniture Online Global Ltd Competitor Analysis

furniture online global ltd Ownership

furniture online global ltd directors

furniture online global ltd company details

furniture online global ltd Charges & Mortgages

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