K Furniture Co Limited

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k furniture co limited Company Information

Live

EstablishedSmallDeclining

Company Number

05414103

Website

www.kfurniture.co.uk

Registered Address

281-283 cricklewood broadway, cricklewood, london, NW2 6NX

Industry

Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

Telephone

02084388883

Next Accounts Due

January 2025

Group Structure

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Directors

Qamer Khan19 Years

Rashid Khan7 Years

Shareholders

qamer khan 50%

rashid khan 50%

k furniture co limited Estimated Valuation

£672.5k

Pomanda estimates the enterprise value of K FURNITURE CO LIMITED at £672.5k based on Net Assets of £225.8k and 2.98x industry multiple (adjusted for liquidity).

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K Furniture Co Limited is a live company located in london, NW2 6NX with a Companies House number of 05414103. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in April 2005, it's largest shareholder is qamer khan with a 50% stake. K Furniture Co Limited is a established, small sized company, Pomanda has estimated its turnover at £701.5k with declining growth in recent years.

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Pomanda's financial health check has awarded K Furniture Co Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £701.5k, make it smaller than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (6.9%)

EXPORT

K Furniture Co Limited's latest turnover from April 2023 is estimated at £701.5 thousand and the company has net assets of £225.8 thousand. According to their latest financial statements, K Furniture Co Limited has 12 employees and maintains cash reserves of £233.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	701,548	1,132,750	613,905	1,725,596	1,354,188	734,470	858,191	270,599	1,855,757	968,146	946,564	663,699	526,873	499,416
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	491,738	770,740	423,559	1,190,592	944,075	499,417	585,811	186,096	1,158,822	669,161	654,381	461,153	355,487	335,119
Gross Profit	209,810	362,010	190,347	535,004	410,113	235,053	272,380	84,503	696,935	298,985	292,183	202,546	171,386	164,297
Admin Expenses	187,388	390,259	182,868	521,320	374,357	204,607	207,406	-48,406	657,974	313,352	328,690	206,601	121,404	140,329
Operating Profit	22,422	-28,249	7,479	13,684	35,756	30,446	64,974	132,909	38,961	-14,367	-36,507	-4,055	49,982	23,968
Interest Payable	0	0	0	0	0	0	2,344	2,438	0	0	0	0	0	0
Interest Receivable	8,812	1,086	54	0	263	643	430	654	0	670	751	728	668	296
Pre-Tax Profit	31,233	-27,163	7,533	13,684	36,019	31,089	63,060	131,125	39,766	-13,697	-35,756	-3,327	50,650	24,264
Tax	-7,808	0	-1,431	-2,600	-6,844	-5,907	-11,981	-26,225	-8,168	0	0	0	-13,169	-6,794
Profit After Tax	23,425	-27,163	6,102	11,084	29,175	25,182	51,079	104,900	31,598	-13,697	-35,756	-3,327	37,481	17,470
Dividends Paid	0	0	0	0	0	0	0	0	32,000	0	0	0	0	0
Retained Profit	23,425	-27,163	6,102	11,084	29,175	25,182	51,079	104,900	-402	-13,697	-35,756	-3,327	37,481	17,470
Employee Costs	386,717	259,765	267,512	280,291	233,855	271,380	271,733	56,772	246,164	124,546	125,791	97,657	70,591	70,705
Number Of Employees	12	9	9	10	9	10	10	2	9	5	5	4	3	3
EBITDA*	27,178	-21,910	7,479	13,684	35,756	30,926	65,614	133,358	39,734	-13,336	-35,133	-2,299	52,018	26,683

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	14,264	19,020	3,859	2,813	3,332	1,443	1,923	1,869	2,316	3,089	4,120	5,494	6,107	8,143
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	0	0
Total Fixed Assets	14,264	19,020	3,859	2,813	3,332	1,443	1,923	1,869	2,316	3,089	4,120	5,494	6,107	8,143
Stock & work in progress	280,448	741,774	364,188	0	0	312,355	294,328	198,765	212,000	200,000	102,000	82,000	40,000	28,000
Trade Debtors	34,722	100,806	78,698	521,629	392,377	70,676	58,656	26,973	47,931	95,558	122,687	91,517	77,242	74,169
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	58,464	44,390	0	0	0	0	0
Cash	233,757	180,907	108,819	0	0	70,096	186,965	157,154	104,430	110,352	157,608	142,694	148,627	118,503
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	548,927	1,023,487	551,705	521,629	392,377	453,127	539,949	441,356	408,751	405,910	382,295	316,211	265,869	220,672
total assets	563,191	1,042,507	555,564	524,442	395,709	454,570	541,872	443,225	411,067	408,999	386,415	321,705	271,976	228,815
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	251,000	685,632	168,217	300,717	183,602	271,438	383,922	39,561	148,878	406,728	370,447	269,981	216,925	211,245
Group/Directors Accounts	0	0	0	0	0	0	0	108,170	139,775	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	0	0	0	0	0	0	0	113,623	48,197	0	0	0	0	0
total current liabilities	251,000	685,632	168,217	300,717	183,602	271,438	383,922	261,354	336,850	406,728	370,447	269,981	216,925	211,245
loans	0	0	0	0	0	0	0	75,000	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	86,436	154,545	157,121	0	0	0	0	0	72,346	0	0	0	0	0
provisions	0	0	733	534	0	0	0	0	0	0	0	0	0	0
total long term liabilities	86,436	154,545	157,854	534	0	0	0	75,000	72,346	0	0	0	0	0
total liabilities	337,436	840,177	326,071	301,251	183,602	271,438	383,922	336,354	409,196	406,728	370,447	269,981	216,925	211,245
net assets	225,755	202,330	229,493	223,191	212,107	183,132	157,950	106,871	1,871	2,271	15,968	51,724	55,051	17,570
total shareholders funds	225,755	202,330	229,493	223,191	212,107	183,132	157,950	106,871	1,871	2,271	15,968	51,724	55,051	17,570

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	22,422	-28,249	7,479	13,684	35,756	30,446	64,974	132,909	38,961	-14,367	-36,507	-4,055	49,982	23,968
Depreciation	4,756	6,339	0	0	0	480	640	449	773	1,031	1,374	1,756	2,036	2,715
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,808	0	-1,431	-2,600	-6,844	-5,907	-11,981	-26,225	-8,168	0	0	0	-13,169	-6,794
Stock	-461,326	377,586	364,188	0	-312,355	18,027	95,563	-13,235	12,000	98,000	20,000	42,000	12,000	28,000
Debtors	-66,084	22,108	-442,931	129,252	321,701	12,020	-26,781	-6,884	-3,237	-27,129	31,170	14,275	3,073	74,169
Creditors	-434,632	517,415	-132,500	117,115	-87,836	-112,484	344,361	-109,317	-257,850	36,281	100,466	53,056	5,680	211,245
Accruals and Deferred Income	0	0	0	0	0	0	-113,623	65,426	48,197	0	0	0	0	0
Deferred Taxes & Provisions	0	-733	199	534	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	112,148	95,078	-47,510	-519	-68,270	-117,512	215,589	83,361	-186,850	-47,926	14,163	-5,518	29,456	128,965
Investing Activities
capital expenditure	0	-21,500	-1,046	519	-1,889	0	-694	-2	0	0	0	-1,143	0	-10,858
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-21,500	-1,046	519	-1,889	0	-694	-2	0	0	0	-1,143	0	-10,858
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	-108,170	-31,605	139,775	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	-75,000	75,000	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	-68,109	-2,576	157,121	0	0	0	0	-72,346	72,346	0	0	0	0	0
share issue	0	0	200	0	-200	0	0	100	2	0	0	0	0	100
interest	8,812	1,086	54	0	263	643	-1,914	-1,784	0	670	751	728	668	296
cash flow from financing	-59,297	-1,490	157,375	0	63	643	-185,084	-30,635	212,123	670	751	728	668	396
cash and cash equivalents
cash	52,850	72,088	108,819	0	-70,096	-116,869	29,811	52,724	-5,922	-47,256	14,914	-5,933	30,124	118,503
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	52,850	72,088	108,819	0	-70,096	-116,869	29,811	52,724	-5,922	-47,256	14,914	-5,933	30,124	118,503

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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K FURNITURE CO LIMITED group structure

K Furniture Co Limited has no subsidiary companies.

Ultimate parent company

K FURNITURE CO LIMITED

05414103

K FURNITURE CO LIMITED Shareholders

qamer khan	50%
rashid khan	50%

K Furniture Co Limited currently has 2 directors. The longest serving directors include Mr Qamer Khan (Apr 2005) and Mr Rashid Khan (Apr 2017).

officer	country	age	start	end	role
Mr Qamer Khan	United Kingdom	52 years	Apr 2005	-	Director
Mr Rashid Khan	England	55 years	Apr 2017	-	Director

P&L

April 2023

turnover

701.5k

-38%

operating profit

22.4k

gross margin

30%

-6.42%

turnover

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

Balance Sheet

April 2023

net assets

225.8k

+0.12%

total assets

563.2k

-0.46%

cash

233.8k

+0.29%

net assets

Total assets minus all liabilities

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company number

05414103

Type

Private limited with Share Capital

industry

47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

incorporation date

April 2005

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

281-283 cricklewood broadway, cricklewood, london, NW2 6NX

last accounts submitted

April 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 1 charges/mortgages relating to k furniture co limited. Currently there are 1 open charges and 0 have been satisfied in the past.

k furniture co limited Company Information

k furniture co limited Estimated Valuation

k furniture co limited Estimated Valuation

k furniture co limited Estimated Valuation

K Furniture Co Limited Overview

K Furniture Co Limited Health Check

K FURNITURE CO LIMITED financials

k furniture co limited Credit Report and Business Information

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k furniture co limited Ownership

k furniture co limited directors

k furniture co limited company details

k furniture co limited Charges & Mortgages

k furniture co limited Companies House Filings - See Documents