sussex goldsmiths limited

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sussex goldsmiths limited Company Information

Share SUSSEX GOLDSMITHS LIMITED

Company Number

05215793

Shareholders

ethan boddy

caleb boddy

Group Structure

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Industry

Retail sale of watches and jewellery in specialised stores

 

Registered Address

44a goring road, worthing, west sussex, BN12 4AD

sussex goldsmiths limited Estimated Valuation

£449.2k

Pomanda estimates the enterprise value of SUSSEX GOLDSMITHS LIMITED at £449.2k based on a Turnover of £1.1m and 0.41x industry multiple (adjusted for size and gross margin).

sussex goldsmiths limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SUSSEX GOLDSMITHS LIMITED at £0 based on an EBITDA of £-36.9k and a 3.32x industry multiple (adjusted for size and gross margin).

sussex goldsmiths limited Estimated Valuation

£63.2k

Pomanda estimates the enterprise value of SUSSEX GOLDSMITHS LIMITED at £63.2k based on Net Assets of £24.6k and 2.57x industry multiple (adjusted for liquidity).

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Sussex Goldsmiths Limited Overview

Sussex Goldsmiths Limited is a live company located in west sussex, BN12 4AD with a Companies House number of 05215793. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in August 2004, it's largest shareholder is ethan boddy with a 50% stake. Sussex Goldsmiths Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.

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Sussex Goldsmiths Limited Health Check

Pomanda's financial health check has awarded Sussex Goldsmiths Limited a 1.5 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 Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £1.1m, make it smaller than the average company (£10.1m)

£1.1m - Sussex Goldsmiths Limited

£10.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (12.1%)

41% - Sussex Goldsmiths Limited

12.1% - Industry AVG

production

Production

with a gross margin of 35.2%, this company has a comparable cost of product (35.2%)

35.2% - Sussex Goldsmiths Limited

35.2% - Industry AVG

profitability

Profitability

an operating margin of -3.4% make it less profitable than the average company (7.9%)

-3.4% - Sussex Goldsmiths Limited

7.9% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (23)

10 - Sussex Goldsmiths Limited

23 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.5k, the company has an equivalent pay structure (£32.5k)

£32.5k - Sussex Goldsmiths Limited

£32.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £110.8k, this is less efficient (£261.8k)

£110.8k - Sussex Goldsmiths Limited

£261.8k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Sussex Goldsmiths Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (38 days)

2 days - Sussex Goldsmiths Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 36 days, this is less than average (174 days)

36 days - Sussex Goldsmiths Limited

174 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)

0 weeks - Sussex Goldsmiths Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.2%, this is a higher level of debt than the average (49.9%)

68.2% - Sussex Goldsmiths Limited

49.9% - Industry AVG

SUSSEX GOLDSMITHS LIMITED financials

EXPORTms excel logo

Sussex Goldsmiths Limited's latest turnover from September 2023 is estimated at £1.1 million and the company has net assets of £24.6 thousand. According to their latest financial statements, Sussex Goldsmiths Limited has 10 employees and maintains cash reserves of £935 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover1,107,704628,54052,510391,756587,078444,905450,362501,976100,752114,957317,436302,443288,021200,8080
Other Income Or Grants000000000000000
Cost Of Sales718,101415,47435,132250,043366,675261,889260,163291,68257,68267,672187,526167,700150,129110,1540
Gross Profit389,603213,06617,378141,714220,403183,016190,199210,29343,07147,285129,910134,743137,89290,6540
Admin Expenses426,876210,511-22,073105,773226,935185,355219,622175,92761,241-5,985186,409135,943105,31482,563-17,204
Operating Profit-37,2732,55539,45135,941-6,532-2,339-29,42334,366-18,17053,270-56,499-1,20032,5788,09117,204
Interest Payable002222901858800000000
Interest Receivable5784471483723193051335066394835
Pre-Tax Profit-36,6953,00239,44335,927-6,585-2,501-29,49234,396-18,11953,303-56,449-1,13432,6188,13917,239
Tax0-570-7,494-6,826000-6,8790-11,19400-8,481-2,279-4,827
Profit After Tax-36,6952,43231,94929,101-6,585-2,501-29,49227,517-18,11942,109-56,449-1,13424,1375,86012,412
Dividends Paid000000000000000
Retained Profit-36,6952,43231,94929,101-6,585-2,501-29,49227,517-18,11942,109-56,449-1,13424,1375,86012,412
Employee Costs325,211269,88025,440215,367245,385243,582216,565223,81923,91624,80649,93953,39751,34657,2550
Number Of Employees10919101010101122220
EBITDA*-36,9007,17944,15940,894-1,5452,713-24,79138,196-14,37756,986-52,7022,64436,44012,12221,486

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets2,1092,4823,0533,2613,4893,9763,9863,2433,0663,8594,4423,7614,4495,3116,342
Intangible Assets002,3756,87511,37515,87520,37524,25027,25030,25033,25036,25039,25042,25045,250
Investments & Other0000000010010010010010000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,1092,4825,42810,13614,86419,85124,36127,49330,41634,20937,79240,11143,79947,56151,592
Stock & work in progress71,02558,61680,09075,32189,130104,775103,175115,12199,350111,338106,304118,580132,508107,351100,477
Trade Debtors079901,38302,1061,9674,371002,712002,5430
Group Debtors000000000000000
Misc Debtors3,4864,8464,1674,3812,9580000000000
Cash93521,09118,6479,9776,1703,6102,62612,67911,4789,0394,05115,99910,5095,18514,063
misc current assets000000003,5001,98202,0501,96902,456
total current assets75,44685,352102,90491,06298,258110,491107,768132,171114,328122,359113,067136,629144,986115,079116,996
total assets77,55587,834108,332101,198113,122130,342132,129159,664144,744156,568150,859176,740188,785162,640168,588
Bank overdraft00073102,6632,82100000000
Bank loan000000000000000
Trade Creditors 5,300454,0532,0722,3804,4863,0351,28621,86318,853125,467130,997136,454128,898123,205
Group/Directors Accounts35,000019,28649,83797,211104,270109,62000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities12,61326,45226,08821,60215,67614,4839,71219,8570000000
total current liabilities52,91326,49749,42774,242115,267125,902125,18821,14321,86318,853125,467130,997136,454128,898123,205
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income00000000000750009,331
other liabilities0000000113,435109,469109,15603,6189,82215,37023,540
provisions000000000000000
total long term liabilities0000000113,435109,469109,15604,3689,82215,37032,871
total liabilities52,91326,49749,42774,242115,267125,902125,188134,578131,332128,009125,467135,365146,276144,268156,076
net assets24,64261,33758,90526,956-2,1454,4406,94125,08613,41228,55925,39241,37542,50918,37212,512
total shareholders funds24,64261,33758,90526,956-2,1454,4406,94125,08613,41228,55925,39241,37542,50918,37212,512
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-37,2732,55539,45135,941-6,532-2,339-29,42334,366-18,17053,270-56,499-1,20032,5788,09117,204
Depreciation3732,2492084534875527578307937167978448621,0311,282
Amortisation02,3754,5004,5004,5004,5003,8753,0003,0003,0003,0003,0003,0003,0003,000
Tax0-570-7,494-6,826000-6,8790-11,19400-8,481-2,279-4,827
Stock12,409-21,4744,769-13,809-15,6451,600-11,94615,771-11,9885,034-12,276-13,92825,1576,874100,477
Debtors-2,1591,478-1,5972,806852139-2,4044,3710-2,7122,7120-2,5432,5430
Creditors5,255-4,0081,981-308-2,1061,4511,749-20,5773,010-106,614-5,530-5,4577,5565,693123,205
Accruals and Deferred Income-13,8393644,4865,9261,1934,771-10,14519,85700-7507500-9,3319,331
Deferred Taxes & Provisions000000000000000
Cash flow from operations-55,73422,96139,96050,68912,3357,196-18,83710,455621-63,144-49,41811,86512,901-3,21248,718
Investing Activities
capital expenditure0-1,6780-2250-542-1,500-1,0070-133-1,478-15600-55,874
Change in Investments0000000-100000010000
cash flow from investments0-1,6780-2250-542-1,500-9070-133-1,478-156-1000-55,874
Financing Activities
Bank loans000000000000000
Group/Directors Accounts35,000-19,286-30,551-47,374-7,059-5,350109,62000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000-113,4353,966313109,156-3,618-6,204-5,548-8,17023,540
share issue00000011,347-15,8432,972-38,94240,466000100
interest578447-8-14-53-162-693051335066394835
cash flow from financing35,578-18,839-30,559-47,388-7,112-5,5127,463-11,8473,33670,24736,898-6,138-5,509-8,12223,675
cash and cash equivalents
cash-20,1562,4448,6703,8072,560984-10,0531,2012,4394,988-11,9485,4905,324-8,87814,063
overdraft00-731731-2,663-1582,82100000000
change in cash-20,1562,4449,4013,0765,2231,142-12,8741,2012,4394,988-11,9485,4905,324-8,87814,063

sussex goldsmiths limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sussex Goldsmiths Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sussex goldsmiths limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BN12 area or any other competitors across 12 key performance metrics.

sussex goldsmiths limited Ownership

SUSSEX GOLDSMITHS LIMITED group structure

Sussex Goldsmiths Limited has no subsidiary companies.

Ultimate parent company

SUSSEX GOLDSMITHS LIMITED

05215793

SUSSEX GOLDSMITHS LIMITED Shareholders

ethan boddy 50%
caleb boddy 50%

sussex goldsmiths limited directors

Sussex Goldsmiths Limited currently has 2 directors. The longest serving directors include Mr Caleb Boddy (Oct 2023) and Mr Ethan Boddy (Oct 2023).

officercountryagestartendrole
Mr Caleb Boddy38 years Oct 2023- Director
Mr Ethan Boddy32 years Oct 2023- Director

P&L

September 2023

turnover

1.1m

+76%

operating profit

-37.3k

0%

gross margin

35.2%

+3.76%

turnover

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

Balance Sheet

September 2023

net assets

24.6k

-0.6%

total assets

77.6k

-0.12%

cash

935

-0.96%

net assets

Total assets minus all liabilities

sussex goldsmiths limited company details

company number

05215793

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

August 2004

age

21

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

alexander jewellers ltd (August 2024)

accountant

JP ACCOUNTANCY SERVICES (SUSSEX) LIMITED

auditor

-

address

44a goring road, worthing, west sussex, BN12 4AD

Bank

-

Legal Advisor

-

sussex goldsmiths 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 found 1 charges/mortgages relating to sussex goldsmiths limited. Currently there are 1 open charges and 0 have been satisfied in the past.

sussex goldsmiths limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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sussex goldsmiths limited Companies House Filings - See Documents

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