Lick It Limited

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lick it limited Company Information

Live

MatureMicroRapid

Company Number

04521043

Website

www.lickitltd.com

Registered Address

six ways business centre, 1 guildford street, birmingham, B19 2HN

Industry

Licensed clubs

Telephone

02086170042

Next Accounts Due

September 2025

Group Structure

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Directors

Darius Mosavi22 Years

Shareholders

darius mosavi 100%

lick it limited Estimated Valuation

£91.9k

Pomanda estimates the enterprise value of LICK IT LIMITED at £91.9k based on a Turnover of £148.7k and 0.62x industry multiple (adjusted for size and gross margin).

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Lick It Limited is a live company located in birmingham, B19 2HN with a Companies House number of 04521043. It operates in the licenced clubs sector, SIC Code 56301. Founded in August 2002, it's largest shareholder is darius mosavi with a 100% stake. Lick It Limited is a mature, micro sized company, Pomanda has estimated its turnover at £148.7k with rapid growth in recent years.

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Pomanda's financial health check has awarded Lick It Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £148.7k, make it smaller than the average company (£506.9k)

Growth

3 year (CAGR) sales growth of 162%, show it is growing at a faster rate (10%)

EXPORT

Lick It Limited's latest turnover from December 2023 is estimated at £148.7 thousand and the company has net assets of -£189.2 thousand. According to their latest financial statements, we estimate that Lick It Limited has 4 employees and maintains cash reserves of £43 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	148,716	112,098	18,218	8,288	49,519	51,798	290,295	349,788	26,605	10,290,918	8,683,622	7,795,451	5,886,342	2,125,899	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	64,190	48,318	6,305	3,481	19,562	20,017	114,546	154,222	12,125	4,728,342	3,996,357	3,647,337	2,786,116	989,745	0
Gross Profit	84,526	63,780	11,913	4,807	29,958	31,781	175,749	195,566	14,480	5,562,577	4,687,265	4,148,114	3,100,226	1,136,154	0
Admin Expenses	164,099	123,846	54,182	6,993	96,375	54,813	178,497	191,519	39,170	5,559,568	4,658,725	4,079,706	3,041,149	1,135,034	-136
Operating Profit	-79,573	-60,066	-42,269	-2,186	-66,417	-23,032	-2,748	4,047	-24,690	3,009	28,540	68,408	59,077	1,120	136
Interest Payable	4,748	4,160	2,931	1,525	0	0	111	165	60	0	0	0	0	0	0
Interest Receivable	121	238	53	23	312	279	13	2	4	14	20	10	21	20	1
Pre-Tax Profit	-84,200	-63,987	-45,147	-3,688	-66,105	-22,753	-2,846	3,884	-24,746	3,023	28,560	68,418	59,097	1,140	138
Tax	0	0	0	0	0	0	0	-777	0	-635	-6,569	-16,420	-15,365	-319	-38
Profit After Tax	-84,200	-63,987	-45,147	-3,688	-66,105	-22,753	-2,846	3,107	-24,746	2,388	21,991	51,998	43,732	821	99
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-84,200	-63,987	-45,147	-3,688	-66,105	-22,753	-2,846	3,107	-24,746	2,388	21,991	51,998	43,732	821	99
Employee Costs	59,358	44,518	26,222	24,714	23,597	44,199	191,415	248,955	20,354	3,085,972	3,099,750	2,669,752	1,942,765	622,970	0
Number Of Employees	4	3	1	1	1	2	9	12	1	149	138	134	101	40	0
EBITDA*	-78,710	-58,915	-40,734	-481	-64,661	-21,153	10	7,025	-21,882	5,817	31,938	72,589	63,166	5,518	5,087

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	2,590	3,453	4,604	839	2,544	4,300	6,179	8,937	11,915	14,723	17,531	20,929	21,699	23,673	26,382
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	273,999	273,999	273,999	273,999	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,590	3,453	278,603	274,838	276,543	278,299	6,179	8,937	11,915	14,723	17,531	20,929	21,699	23,673	26,382
Stock & work in progress	0	0	0	0	0	500	3,500	3,500	3,500	3,500	3,500	3,500	3,703	3,086	2,250
Trade Debtors	0	0	0	0	0	71	0	0	0	258,422	248,543	221,610	166,079	93,615	65,880
Group Debtors	0	0	0	0	0	0	282,166	293,416	243,324	0	0	0	0	0	0
Misc Debtors	280,970	288,230	10,991	20,867	10,645	15,962	8,676	12,669	9,337	0	0	0	0	0	0
Cash	43	4,781	8,840	33,175	13,327	69,955	4,434	800	800	800	4,732	3,295	800	7,410	540
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	281,013	293,011	19,831	54,042	23,972	86,488	298,776	310,385	256,961	262,722	256,775	228,405	170,582	104,111	68,670
total assets	283,603	296,464	298,434	328,880	300,515	364,787	304,955	319,322	268,876	277,445	274,306	249,334	192,281	127,784	95,052
Bank overdraft	0	0	0	0	0	0	0	3,428	1,844	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	36,916	42,277	18,878	4,368	15,740	12,040	10,371	11,153	7,311	156,316	155,565	152,584	134,525	100,760	55,853
Group/Directors Accounts	0	0	0	0	0	0	194,623	188,468	158,302	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	393,383	315,435	276,817	270,414	276,989	278,856	3,239	15,451	5,036	0	0	0	0	0	0
total current liabilities	430,299	357,712	295,695	274,782	292,729	290,896	208,233	218,500	172,493	156,316	155,565	152,584	134,525	100,760	55,853
loans	42,540	43,788	43,788	50,000	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	0
Accruals and Deferred Income	0	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	13,004	26,004	39,000
provisions	0	0	0	0	0	0	78	1,332	0	0	0	0	0	0	0
total long term liabilities	42,540	43,788	43,788	50,000	0	0	78	1,332	0	0	0	0	13,004	26,004	39,000
total liabilities	472,839	401,500	339,483	324,782	292,729	290,896	208,311	219,832	172,493	156,316	155,565	152,584	147,529	126,764	94,853
net assets	-189,236	-105,036	-41,049	4,098	7,786	73,891	96,644	99,490	96,383	121,129	118,741	96,750	44,752	1,020	199
total shareholders funds	-189,236	-105,036	-41,049	4,098	7,786	73,891	96,644	99,490	96,383	121,129	118,741	96,750	44,752	1,020	199

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-79,573	-60,066	-42,269	-2,186	-66,417	-23,032	-2,748	4,047	-24,690	3,009	28,540	68,408	59,077	1,120	136
Depreciation	863	1,151	1,535	1,705	1,756	1,879	2,758	2,978	2,808	2,808	3,398	4,181	4,089	4,398	4,951
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	-777	0	-635	-6,569	-16,420	-15,365	-319	-38
Stock	0	0	0	0	-500	-3,000	0	0	0	0	0	-203	617	836	2,250
Debtors	-7,260	3,240	-9,876	10,222	-5,388	-810	-15,243	53,424	-5,761	9,879	26,933	55,531	72,464	27,735	65,880
Creditors	-5,361	23,399	14,510	-11,372	3,700	1,669	-782	3,842	-149,005	751	2,981	18,059	33,765	44,907	55,853
Accruals and Deferred Income	77,948	38,618	6,403	-6,575	-1,867	275,617	-12,212	10,415	5,036	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-78	-1,254	1,332	0	0	0	0	0	0	0
Cash flow from operations	1,137	-138	-9,945	-28,650	-56,940	259,865	1,005	-31,587	-160,090	-3,946	1,417	18,900	8,485	21,535	-7,228
Investing Activities
capital expenditure	0	0	-5,300	0	0	0	0	0	0	0	0	-3,411	-2,115	-1,689	-31,333
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-5,300	0	0	0	0	0	0	0	0	-3,411	-2,115	-1,689	-31,333
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-194,623	6,155	30,166	158,302	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-1,248	0	-6,212	50,000	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	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-13,004	-13,000	-12,996	39,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-4,627	-3,922	-2,878	-1,502	312	279	-98	-163	-56	14	20	10	21	20	1
cash flow from financing	-5,875	-3,922	-9,090	48,498	312	-194,344	6,057	30,003	158,246	14	20	-12,994	-12,979	-12,976	39,101
cash and cash equivalents
cash	-4,738	-4,059	-24,335	19,848	-56,628	65,521	3,634	0	0	-3,932	1,437	2,495	-6,610	6,870	540
overdraft	0	0	0	0	0	0	-3,428	1,584	1,844	0	0	0	0	0	0
change in cash	-4,738	-4,059	-24,335	19,848	-56,628	65,521	7,062	-1,584	-1,844	-3,932	1,437	2,495	-6,610	6,870	540

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 lick it limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in B19 area or any other competitors across 12 key performance metrics.

LICK IT LIMITED group structure

Lick It Limited has no subsidiary companies.

Ultimate parent company

LICK IT LIMITED

04521043

LICK IT LIMITED Shareholders

darius mosavi

100%

Lick It Limited currently has 1 director, Mr Darius Mosavi serving since Aug 2002.

officer	country	age	start	end	role
Mr Darius Mosavi	United Kingdom	72 years	Aug 2002	-	Director

P&L

December 2023

turnover

148.7k

+33%

operating profit

-79.6k

gross margin

56.9%

-0.11%

turnover

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

Balance Sheet

December 2023

net assets

-189.2k

+0.8%

total assets

283.6k

-0.04%

cash

-0.99%

net assets

Total assets minus all liabilities

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company number

04521043

Type

Private limited with Share Capital

industry

56301 - Licensed clubs

incorporation date

August 2002

ultimate parent company

None

previous names

N/A

address

six ways business centre, 1 guildford street, birmingham, B19 2HN

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.

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lick it limited Company Information

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lick it limited Estimated Valuation

lick it limited Estimated Valuation

Lick It Limited Overview

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LICK IT LIMITED financials

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