Go Electrical Wholesale (blackpool) Limited

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go electrical wholesale (blackpool) limited Company Information

Live

MatureMidLow

Company Number

04492550

Website

Registered Address

163-165 lytham road, blackpool, FY1 6DN

Industry

Retail sale of electrical household appliances in specialised stores

Telephone

441253406671

Next Accounts Due

December 2024

Group Structure

View All

Directors

Guy Siddall2 Years

Shareholders

t k f investco limited 50%

go electrical wholesale (holdings) limited 50%

go electrical wholesale (blackpool) limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of GO ELECTRICAL WHOLESALE (BLACKPOOL) LIMITED at £1.4m based on a Turnover of £5.3m and 0.26x industry multiple (adjusted for size and gross margin).

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Go Electrical Wholesale (blackpool) Limited is a live company located in blackpool, FY1 6DN with a Companies House number of 04492550. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in July 2002, it's largest shareholder is t k f investco limited with a 50% stake. Go Electrical Wholesale (blackpool) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with low growth in recent years.

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Pomanda's financial health check has awarded Go Electrical Wholesale (Blackpool) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £5.3m, make it smaller than the average company (£14.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.4%)

EXPORT

Go Electrical Wholesale (Blackpool) Limited's latest turnover from March 2023 is estimated at £5.3 million and the company has net assets of -£146.1 thousand. According to their latest financial statements, Go Electrical Wholesale (Blackpool) Limited has 11 employees and maintains cash reserves of £25.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,309,706	4,664,777	3,040,323	4,848,396	5,748,656	3,713,577	1,089,187	770,851	1,478,978	2,011,307	1,907,400	2,642,302	1,948,682	2,395,495
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,889,313	3,392,111	2,202,373	3,478,617	3,968,894	2,625,683	725,776	544,896	1,059,674	1,424,143	1,343,717	1,852,985	1,340,265	1,612,245
Gross Profit	1,420,392	1,272,666	837,950	1,369,779	1,779,762	1,087,894	363,411	225,955	419,303	587,164	563,683	789,316	608,417	783,250
Admin Expenses	1,441,035	1,110,857	753,433	1,584,463	2,080,632	1,112,994	332,808	225,032	380,025	541,237	562,795	788,342	609,091	783,308
Operating Profit	-20,643	161,809	84,517	-214,684	-300,870	-25,100	30,603	923	39,278	45,927	888	974	-674	-58
Interest Payable	6,882	10,245	14,382	13,113	15,358	15,622	9,243	1,799	0	0	0	0	0	0
Interest Receivable	2,219	315	4	17	134	23	9	81	174	114	18	3	11	9
Pre-Tax Profit	-25,306	151,879	70,138	-227,780	-316,093	-40,699	21,369	-795	39,452	46,042	905	977	-663	-49
Tax	0	-28,857	-13,326	0	0	0	-4,274	0	-8,285	-10,590	-217	-254	0	0
Profit After Tax	-25,306	123,022	56,812	-227,780	-316,093	-40,699	17,095	-795	31,167	35,452	688	723	-663	-49
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-25,306	123,022	56,812	-227,780	-316,093	-40,699	17,095	-795	31,167	35,452	688	723	-663	-49
Employee Costs	322,222	302,287	292,614	451,795	425,511	260,035	175,661	142,719	218,821	288,390	282,351	410,073	275,059	399,493
Number Of Employees	11	11	11	18	18	11	7	6	10	15	14	19	13	18
EBITDA*	-12,825	180,143	125,044	-172,206	-256,218	2,351	38,573	11,183	50,642	58,859	11,261	12,590	7,743	10,938

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	30,991	46,469	345,965	389,514	422,772	368,234	366,861	15,987	19,534	24,143	16,774	21,147	12,128	7,635
Intangible Assets	0	3,500	9,500	15,500	21,500	27,500	33,500	39,500	45,500	51,500	57,500	63,500	69,500	75,500
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	30,991	49,969	355,465	405,014	444,272	395,734	400,361	55,487	65,034	75,643	74,274	84,647	81,628	83,135
Stock & work in progress	310,900	294,341	252,582	305,950	419,818	239,785	28,500	12,368	13,928	13,501	14,150	12,800	12,400	23,000
Trade Debtors	658,799	486,577	368,154	580,115	760,668	406,979	98,230	61,368	125,302	114,264	123,985	170,732	132,810	129,169
Group Debtors	1,868	16,868	15,568	83,681	368	199	0	0	0	0	0	0	0	0
Misc Debtors	37,946	38,304	5,197	5,410	3,267	12,988	653	65,508	0	0	0	0	0	0
Cash	25,123	79,311	4,684	2,821	31,865	3,962	5,188	2,089	30,321	39,095	6,697	307	1,073	3,408
misc current assets	0	0	0	0	1,273	1,280	0	0	0	0	0	0	0	0
total current assets	1,034,636	915,401	646,185	977,977	1,217,259	665,193	132,571	141,333	169,551	166,860	144,832	183,839	146,283	155,577
total assets	1,065,627	965,370	1,001,650	1,382,991	1,661,531	1,060,927	532,932	196,820	234,585	242,503	219,106	268,486	227,911	238,712
Bank overdraft	10,000	10,126	26,293	26,587	12,901	25,266	12,666	26,803	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	512,257	551,518	374,701	532,062	716,329	345,335	86,721	37,837	116,140	137,697	148,549	184,494	146,564	145,358
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	612,373	687,510	809,912	1,117,889	967,245	415,122	120,299	28,714	0	0	0	0	0	0
total current liabilities	1,134,630	1,249,154	1,210,906	1,676,538	1,696,475	785,723	219,686	93,354	116,140	137,697	148,549	184,494	146,564	145,358
loans	77,123	37,036	230,087	188,590	201,870	215,006	227,745	28,560	0	0	0	0	0	0
hp & lease commitments	0	0	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	0	0
other liabilities	0	0	4,499	18,517	25,009	15,169	0	5,328	47,416	64,088	66,844	80,189	80,118	92,582
provisions	0	0	0	0	11,051	1,810	1,782	2,954	3,610	4,466	2,913	3,691	1,840	720
total long term liabilities	77,123	37,036	234,586	207,107	237,930	231,985	229,527	36,842	51,026	68,554	69,757	83,880	81,958	93,302
total liabilities	1,211,753	1,286,190	1,445,492	1,883,645	1,934,405	1,017,708	449,213	130,196	167,166	206,251	218,306	268,374	228,522	238,660
net assets	-146,126	-320,820	-443,842	-500,654	-272,874	43,219	83,719	66,624	67,419	36,252	800	112	-611	52
total shareholders funds	-146,126	-320,820	-443,842	-500,654	-272,874	43,219	83,719	66,624	67,419	36,252	800	112	-611	52

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-20,643	161,809	84,517	-214,684	-300,870	-25,100	30,603	923	39,278	45,927	888	974	-674	-58
Depreciation	4,318	12,334	34,527	36,478	38,652	21,451	1,970	4,260	5,364	6,932	4,373	5,616	2,417	2,496
Amortisation	3,500	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	8,500
Tax	0	-28,857	-13,326	0	0	0	-4,274	0	-8,285	-10,590	-217	-254	0	0
Stock	16,559	41,759	-53,368	-113,868	180,033	211,285	16,132	-1,560	427	-649	1,350	400	-10,600	23,000
Debtors	156,864	152,830	-280,287	-95,097	344,137	321,283	-27,993	1,574	11,038	-9,721	-46,747	37,922	3,641	129,169
Creditors	-39,261	176,817	-157,361	-184,267	370,994	258,614	48,884	-78,303	-21,557	-10,852	-35,945	37,930	1,206	145,358
Accruals and Deferred Income	-75,137	-122,402	-307,977	150,644	552,123	294,823	91,585	28,714	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-11,051	9,241	28	-1,172	-656	-856	1,553	-778	1,851	1,120	720
Cash flow from operations	-300,646	11,112	-19,965	-7,915	151,970	23,248	185,457	-39,076	8,479	49,340	19,718	13,795	17,028	4,847
Investing Activities
capital expenditure	11,160	287,162	9,022	-3,220	-93,190	-22,824	-352,844	-713	-755	-14,301	0	-14,635	-6,910	-94,131
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	11,160	287,162	9,022	-3,220	-93,190	-22,824	-352,844	-713	-755	-14,301	0	-14,635	-6,910	-94,131
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	40,087	-193,051	41,497	-13,280	-13,136	-12,739	199,185	28,560	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-4,499	-14,018	-6,492	9,840	15,169	-5,328	-42,088	-16,672	-2,756	-13,345	71	-12,464	92,582
share issue	200,000	0	0	0	0	199	0	0	0	0	0	0	0	101
interest	-4,663	-9,930	-14,378	-13,096	-15,224	-15,599	-9,234	-1,718	174	114	18	3	11	9
cash flow from financing	235,424	-207,480	13,101	-32,868	-18,520	-12,970	184,623	-15,246	-16,498	-2,642	-13,327	74	-12,453	92,692
cash and cash equivalents
cash	-54,188	74,627	1,863	-29,044	27,903	-1,226	3,099	-28,232	-8,774	32,398	6,390	-766	-2,335	3,408
overdraft	-126	-16,167	-294	13,686	-12,365	12,600	-14,137	26,803	0	0	0	0	0	0
change in cash	-54,062	90,794	2,157	-42,730	40,268	-13,826	17,236	-55,035	-8,774	32,398	6,390	-766	-2,335	3,408

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GO ELECTRICAL WHOLESALE (BLACKPOOL) LIMITED group structure

Go Electrical Wholesale (Blackpool) Limited has no subsidiary companies.

Ultimate parent company

GO ELECTRICAL WHOLESALE (HOLDINGS) LIMITED

10977042

1 parent

GO ELECTRICAL WHOLESALE (BLACKPOOL) LIMITED

04492550

GO ELECTRICAL WHOLESALE (BLACKPOOL) LIMITED Shareholders

t k f investco limited	50%
go electrical wholesale (holdings) limited	50%

Go Electrical Wholesale (Blackpool) Limited currently has 1 director, Mr Guy Siddall serving since Jan 2022.

officer	country	age	start	end	role
Mr Guy Siddall	England	52 years	Jan 2022	-	Director

P&L

March 2023

turnover

5.3m

+14%

operating profit

-20.6k

gross margin

26.8%

-1.95%

turnover

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

Balance Sheet

March 2023

net assets

-146.1k

-0.54%

total assets

1.1m

+0.1%

cash

25.1k

-0.68%

net assets

Total assets minus all liabilities

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company number

04492550

Type

Private limited with Share Capital

industry

47540 - Retail sale of electrical household appliances in specialised stores

incorporation date

July 2002

age

accounts

Total Exemption Full

ultimate parent company

GO ELECTRICAL WHOLESALE (HOLDINGS) LIMITED

previous names

go electrical wholesale limited (January 2018)

fylde electrical supplies limited (April 2017)

incorporated

address

163-165 lytham road, blackpool, FY1 6DN

last accounts submitted

March 2023

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 5 charges/mortgages relating to go electrical wholesale (blackpool) limited. Currently there are 2 open charges and 3 have been satisfied in the past.

go electrical wholesale (blackpool) limited Company Information

go electrical wholesale (blackpool) limited Estimated Valuation

go electrical wholesale (blackpool) limited Estimated Valuation

go electrical wholesale (blackpool) limited Estimated Valuation

Go Electrical Wholesale (blackpool) Limited Overview

Go Electrical Wholesale (blackpool) Limited Health Check

GO ELECTRICAL WHOLESALE (BLACKPOOL) LIMITED financials

go electrical wholesale (blackpool) limited Credit Report and Business Information

Go Electrical Wholesale (blackpool) Limited Competitor Analysis

go electrical wholesale (blackpool) limited Ownership

go electrical wholesale (blackpool) limited directors

go electrical wholesale (blackpool) limited company details

go electrical wholesale (blackpool) limited Charges & Mortgages

go electrical wholesale (blackpool) limited Companies House Filings - See Documents