seconique furniture ltd
seconique furniture ltd Company Information
Company Number
04020155
Website
www.seconique.co.ukRegistered Address
boulton house, owens trading estate, pendeford, wolverhampton, WV9 5EY
Industry
Wholesale of furniture, carpets and lighting equipment
Telephone
01215064888
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
eden bream limited 100%
seconique furniture ltd Estimated Valuation
Pomanda estimates the enterprise value of SECONIQUE FURNITURE LTD at £12m based on a Turnover of £26.2m and 0.46x industry multiple (adjusted for size and gross margin).
seconique furniture ltd Estimated Valuation
Pomanda estimates the enterprise value of SECONIQUE FURNITURE LTD at £11.2m based on an EBITDA of £2.2m and a 5.15x industry multiple (adjusted for size and gross margin).
seconique furniture ltd Estimated Valuation
Pomanda estimates the enterprise value of SECONIQUE FURNITURE LTD at £16.8m based on Net Assets of £10.3m and 1.64x industry multiple (adjusted for liquidity).
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Seconique Furniture Ltd Overview
Seconique Furniture Ltd is a live company located in pendeford, WV9 5EY with a Companies House number of 04020155. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in June 2000, it's largest shareholder is eden bream limited with a 100% stake. Seconique Furniture Ltd is a mature, large sized company, Pomanda has estimated its turnover at £26.2m with low growth in recent years.
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Seconique Furniture Ltd Health Check
Pomanda's financial health check has awarded Seconique Furniture Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £26.2m, make it larger than the average company (£14.3m)
£26.2m - Seconique Furniture Ltd
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.1%)
3% - Seconique Furniture Ltd
6.1% - Industry AVG
Production
with a gross margin of 28%, this company has a comparable cost of product (27.3%)
28% - Seconique Furniture Ltd
27.3% - Industry AVG
Profitability
an operating margin of 7.8% make it more profitable than the average company (2.9%)
7.8% - Seconique Furniture Ltd
2.9% - Industry AVG
Employees
with 71 employees, this is above the industry average (42)
71 - Seconique Furniture Ltd
42 - Industry AVG
Pay Structure
on an average salary of £31.5k, the company has an equivalent pay structure (£34.9k)
£31.5k - Seconique Furniture Ltd
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £369.6k, this is more efficient (£317.8k)
£369.6k - Seconique Furniture Ltd
£317.8k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (44 days)
26 days - Seconique Furniture Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (34 days)
11 days - Seconique Furniture Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 133 days, this is more than average (82 days)
133 days - Seconique Furniture Ltd
82 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (9 weeks)
50 weeks - Seconique Furniture Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.9%, this is a lower level of debt than the average (59.7%)
18.9% - Seconique Furniture Ltd
59.7% - Industry AVG
SECONIQUE FURNITURE LTD financials
Seconique Furniture Ltd's latest turnover from June 2023 is £26.2 million and the company has net assets of £10.3 million. According to their latest financial statements, Seconique Furniture Ltd has 71 employees and maintains cash reserves of £2.3 million 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 | 26,238,085 | 21,862,642 | 25,088,517 | 23,978,849 | 23,616,864 | 24,278,984 | 23,953,518 | 23,961,568 | 23,043,240 | 23,636,048 | 22,028,816 | 22,265,891 | 26,903,919 | 31,318,699 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 18,885,432 | 15,859,682 | 17,934,379 | 17,904,608 | 17,370,869 | 17,625,238 | 16,916,865 | 17,048,791 | 16,504,019 | 16,657,352 | 15,457,243 | 14,539,309 | 19,547,736 | 22,752,278 |
| Gross Profit | 7,352,653 | 6,002,960 | 7,154,138 | 6,074,241 | 6,245,995 | 6,653,746 | 7,036,653 | 6,912,777 | 6,539,221 | 6,978,696 | 6,571,573 | 7,726,582 | 7,356,183 | 8,566,421 |
| Admin Expenses | 5,300,213 | 4,850,788 | 4,799,719 | 4,748,657 | 5,263,968 | 4,789,842 | 4,836,219 | 5,005,477 | 5,294,729 | 6,206,513 | 5,519,885 | 5,502,850 | 5,835,096 | 7,329,823 |
| Operating Profit | 2,052,440 | 1,152,172 | 2,354,419 | 1,325,584 | 982,027 | 1,863,904 | 2,200,434 | 1,907,300 | 1,244,492 | 772,183 | 1,051,688 | 2,223,732 | 1,521,087 | 1,236,598 |
| Interest Payable | 82 | 0 | 0 | 0 | 0 | 421 | 466 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 28,458 | 0 | 673 | 3,302 | 5,692 | 1,911 | 5,138 | 12,440 | 16,910 | 17,525 | 35,905 | 11,185 | 101 | 959 |
| Pre-Tax Profit | 2,080,816 | 1,152,172 | 2,355,092 | 1,328,886 | 987,719 | 1,865,394 | 2,205,106 | 1,919,740 | 1,261,402 | 789,708 | 1,087,593 | 2,227,632 | 1,521,188 | 1,237,557 |
| Tax | -379,783 | -218,054 | -457,462 | -219,394 | -92,949 | 154,518 | -615,315 | -358,621 | -222,410 | -183,530 | -70,984 | -280,242 | -420,921 | -444,959 |
| Profit After Tax | 1,701,033 | 934,118 | 1,897,630 | 1,109,492 | 894,770 | 2,019,912 | 1,589,791 | 1,561,119 | 1,038,992 | 606,178 | 1,016,609 | 1,947,390 | 1,100,267 | 792,598 |
| Dividends Paid | 1,000,000 | 500,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 750,000 | 0 | 2,000,000 | 0 | 0 | 0 | 1,000,000 | 500,000 |
| Retained Profit | 701,033 | 434,118 | 897,630 | 109,492 | -105,230 | 1,019,912 | 839,791 | 1,561,119 | -961,008 | 606,178 | 1,016,609 | 1,947,390 | 100,267 | 292,598 |
| Employee Costs | 2,234,567 | 2,212,758 | 2,281,018 | 2,356,707 | 2,452,625 | 2,263,353 | 2,554,199 | 2,540,517 | 2,633,732 | 2,576,797 | 2,483,972 | 2,337,923 | 2,446,519 | 2,764,013 |
| Number Of Employees | 71 | 76 | 81 | 84 | 90 | 88 | 95 | 96 | 99 | 99 | 96 | 95 | 104 | 112 |
| EBITDA* | 2,176,559 | 1,252,312 | 2,354,419 | 1,325,584 | 982,027 | 1,863,904 | 2,200,434 | 1,907,300 | 1,244,492 | 772,183 | 1,108,418 | 2,274,872 | 1,552,626 | 1,278,651 |
* 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 | 276,650 | 356,481 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192,953 | 162,870 | 94,619 | 126,158 |
| 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 | 37,339 | 20,258 |
| Total Fixed Assets | 276,650 | 356,481 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192,953 | 162,870 | 131,958 | 146,416 |
| Stock & work in progress | 6,930,212 | 10,785,628 | 4,346,647 | 4,394,509 | 6,351,707 | 6,669,599 | 7,012,905 | 7,492,579 | 7,284,615 | 5,162,551 | 4,289,119 | 3,294,399 | 4,128,809 | 4,143,583 |
| Trade Debtors | 1,909,333 | 1,431,246 | 1,240,616 | 1,672,734 | 1,394,502 | 892,487 | 844,096 | 833,039 | 829,183 | 3,115,164 | 1,582,597 | 2,347,573 | 2,422,244 | 815,538 |
| Group Debtors | 330,518 | 1,781,775 | 649,239 | 300,712 | 427,329 | 774,135 | 671,821 | 2,579,016 | 750,000 | 508,172 | 69,932 | 7,252 | 0 | 1,079,077 |
| Misc Debtors | 887,158 | 612,326 | 809,036 | 256,200 | 642,842 | 849,960 | 804,199 | 1,074,915 | 666,571 | 322,722 | 860,011 | 652,959 | 721,738 | 553,542 |
| Cash | 2,305,775 | 1,261,302 | 4,048,899 | 4,854,994 | 1,975,369 | 1,521,965 | 1,189,450 | 2,159,690 | 6,735,995 | 4,636,872 | 5,070,678 | 5,746,985 | 3,176,449 | 2,834,654 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,362,996 | 15,872,277 | 11,094,437 | 11,479,149 | 10,791,749 | 10,708,146 | 10,522,471 | 14,139,239 | 16,266,364 | 13,745,481 | 11,872,337 | 12,049,168 | 10,449,240 | 9,426,394 |
| total assets | 12,639,646 | 16,228,758 | 11,094,437 | 11,479,149 | 10,791,749 | 10,708,146 | 10,522,471 | 14,139,239 | 16,266,364 | 13,745,481 | 12,065,290 | 12,212,038 | 10,581,198 | 9,572,810 |
| 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 | 581,887 | 1,362,247 | 572,835 | 287,934 | 530,862 | 222,656 | 510,171 | 868,406 | 1,340,940 | 810,153 | 661,855 | 1,292,130 | 6,562,153 | 8,185,944 |
| Group/Directors Accounts | 468,239 | 3,998,012 | 0 | 0 | 250,678 | 0 | 85,787 | 50,000 | 2,888,323 | 289,898 | 1,896,474 | 2,257,001 | 2,139,213 | 47,441 |
| other short term finances | 0 | 0 | 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 | 41,207 | 69,109 |
| other current liabilities | 1,331,598 | 1,305,610 | 1,399,831 | 2,967,074 | 1,895,560 | 1,907,600 | 575,885 | 298,542 | 1,304,922 | 1,190,788 | 496,031 | 668,586 | 1,250,264 | 741,015 |
| total current liabilities | 2,381,724 | 6,665,869 | 1,972,666 | 3,255,008 | 2,677,100 | 2,130,256 | 1,171,843 | 1,216,948 | 5,534,185 | 2,290,839 | 3,054,360 | 4,217,717 | 9,992,837 | 9,043,509 |
| loans | 0 | 0 | 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 | 0 | 41,207 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 1,368,395 | 1,103,545 | 1,103,545 | 865,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,458,570 | 3,171,299 | 3,171,299 | 5,458,570 | 5,458,570 | 0 | 0 |
| provisions | 1,000 | 7,000 | 0 | 0 | 0 | 358,011 | 782,266 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,000 | 7,000 | 0 | 0 | 0 | 358,011 | 2,150,661 | 6,562,115 | 4,274,844 | 4,036,299 | 5,458,570 | 5,458,570 | 0 | 41,207 |
| total liabilities | 2,382,724 | 6,672,869 | 1,972,666 | 3,255,008 | 2,677,100 | 2,488,267 | 3,322,504 | 7,779,063 | 9,809,029 | 6,327,138 | 8,512,930 | 9,676,287 | 9,992,837 | 9,084,716 |
| net assets | 10,256,922 | 9,555,889 | 9,121,771 | 8,224,141 | 8,114,649 | 8,219,879 | 7,199,967 | 6,360,176 | 6,457,335 | 7,418,343 | 3,552,360 | 2,535,751 | 588,361 | 488,094 |
| total shareholders funds | 10,256,922 | 9,555,889 | 9,121,771 | 8,224,141 | 8,114,649 | 8,219,879 | 7,199,967 | 6,360,176 | 6,457,335 | 7,418,343 | 3,552,360 | 2,535,751 | 588,361 | 488,094 |
| 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 | 2,052,440 | 1,152,172 | 2,354,419 | 1,325,584 | 982,027 | 1,863,904 | 2,200,434 | 1,907,300 | 1,244,492 | 772,183 | 1,051,688 | 2,223,732 | 1,521,087 | 1,236,598 |
| Depreciation | 124,119 | 100,140 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56,730 | 51,140 | 31,539 | 42,053 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -379,783 | -218,054 | -457,462 | -219,394 | -92,949 | 154,518 | -615,315 | -358,621 | -222,410 | -183,530 | -70,984 | -280,242 | -420,921 | -444,959 |
| Stock | -3,855,416 | 6,438,981 | -47,862 | -1,957,198 | -317,892 | -343,306 | -479,674 | 207,964 | 2,122,064 | 873,432 | 994,720 | -834,410 | -14,774 | 4,143,583 |
| Debtors | -698,338 | 1,126,456 | 469,245 | -235,027 | -51,909 | 196,466 | -2,166,854 | 2,241,216 | -1,700,304 | 1,433,518 | -495,244 | -173,537 | 712,906 | 2,468,415 |
| Creditors | -780,360 | 789,412 | 284,901 | -242,928 | 308,206 | -287,515 | -358,235 | -472,534 | 530,787 | 148,298 | -630,275 | -5,270,023 | -1,623,791 | 8,185,944 |
| Accruals and Deferred Income | 25,988 | -94,221 | -1,567,243 | 1,071,514 | -12,040 | -36,680 | 542,193 | -1,006,380 | 352,679 | 1,559,757 | -172,555 | -581,678 | 509,249 | 741,015 |
| Deferred Taxes & Provisions | -6,000 | 7,000 | 0 | 0 | -358,011 | -424,255 | 782,266 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,590,158 | -5,828,988 | 193,232 | 4,127,001 | 1,197,034 | 1,416,812 | 5,197,871 | -2,379,415 | 1,483,788 | -264,872 | -2,849,124 | -680,969 | 3,148,653 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 2,356,597 | 0 | -86,813 | -126,676 | 0 | 0 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 2,356,597 | 0 | -86,813 | -126,676 | 0 | 0 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -3,529,773 | 3,998,012 | 0 | -250,678 | 250,678 | -85,787 | 35,787 | -2,838,323 | 2,598,425 | -1,606,576 | -360,527 | 117,788 | 2,091,772 | 47,441 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41,207 | -69,109 | 110,316 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -5,458,570 | 2,287,271 | 0 | -2,287,271 | 0 | 5,458,570 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 28,376 | 0 | 673 | 3,302 | 5,692 | 1,490 | 4,672 | 12,440 | 16,910 | 17,525 | 35,905 | 11,185 | 101 | 959 |
| cash flow from financing | -3,501,397 | 3,998,012 | 673 | -247,376 | 256,370 | -84,297 | -5,418,111 | -2,196,890 | 2,615,335 | -616,517 | -324,622 | 5,546,336 | 2,022,764 | 354,212 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,044,473 | -2,787,597 | -806,095 | 2,879,625 | 453,404 | 332,515 | -970,240 | -4,576,305 | 2,099,123 | -433,806 | -676,307 | 2,570,536 | 341,795 | 2,834,654 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,044,473 | -2,787,597 | -806,095 | 2,879,625 | 453,404 | 332,515 | -970,240 | -4,576,305 | 2,099,123 | -433,806 | -676,307 | 2,570,536 | 341,795 | 2,834,654 |
seconique furniture ltd Credit Report and Business Information
Seconique Furniture Ltd Competitor Analysis
Perform a competitor analysis for seconique furniture ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in WV9 area or any other competitors across 12 key performance metrics.
seconique furniture ltd Ownership
SECONIQUE FURNITURE LTD group structure
Seconique Furniture Ltd has no subsidiary companies.
seconique furniture ltd directors
Seconique Furniture Ltd currently has 2 directors. The longest serving directors include Miss Helen Barker (Jan 2011) and Mr James Owens (Sep 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Helen Barker | England | 59 years | Jan 2011 | - | Director |
| Mr James Owens | England | 31 years | Sep 2014 | - | Director |
P&L
June 2023turnover
26.2m
+20%
operating profit
2.1m
+78%
gross margin
28.1%
+2.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
10.3m
+0.07%
total assets
12.6m
-0.22%
cash
2.3m
+0.83%
net assets
Total assets minus all liabilities
seconique furniture ltd company details
company number
04020155
Type
Private limited with Share Capital
industry
46470 - Wholesale of furniture, carpets and lighting equipment
incorporation date
June 2000
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
seconique plc (September 2018)
accountant
-
auditor
DAINS AUDIT LIMITED
address
boulton house, owens trading estate, pendeford, wolverhampton, WV9 5EY
Bank
ALLIED IRISH BANK
Legal Advisor
-
seconique furniture ltd 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 7 charges/mortgages relating to seconique furniture ltd. Currently there are 1 open charges and 6 have been satisfied in the past.
seconique furniture ltd Companies House Filings - See Documents
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