sketch studios limited

sketch studios limited Company Information

Share SKETCH STUDIOS LIMITED
Live 
EstablishedMidHealthy

Company Number

05719973

Industry

Wholesale of office furniture

 

Shareholders

fourfront group ltd

Group Structure

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Contact

Registered Address

windsor two arthur road, windsor, SL4 1RS

sketch studios limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of SKETCH STUDIOS LIMITED at £2m based on a Turnover of £6.7m and 0.3x industry multiple (adjusted for size and gross margin).

sketch studios limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of SKETCH STUDIOS LIMITED at £1.7m based on an EBITDA of £541.8k and a 3.23x industry multiple (adjusted for size and gross margin).

sketch studios limited Estimated Valuation

£20.9k

Pomanda estimates the enterprise value of SKETCH STUDIOS LIMITED at £20.9k based on Net Assets of £11k and 1.9x industry multiple (adjusted for liquidity).

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Sketch Studios Limited Overview

Sketch Studios Limited is a live company located in windsor, SL4 1RS with a Companies House number of 05719973. It operates in the wholesale of office furniture sector, SIC Code 46650. Founded in February 2006, it's largest shareholder is fourfront group ltd with a 100% stake. Sketch Studios Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Sketch Studios Limited Health Check

Pomanda's financial health check has awarded Sketch Studios Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £6.7m, make it smaller than the average company (£14.9m)

£6.7m - Sketch Studios Limited

£14.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (11.5%)

13% - Sketch Studios Limited

11.5% - Industry AVG

production

Production

with a gross margin of 24.7%, this company has a comparable cost of product (24.7%)

24.7% - Sketch Studios Limited

24.7% - Industry AVG

profitability

Profitability

an operating margin of 8.1% make it more profitable than the average company (4.4%)

8.1% - Sketch Studios Limited

4.4% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (40)

19 - Sketch Studios Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.2k, the company has an equivalent pay structure (£58.2k)

£58.2k - Sketch Studios Limited

£58.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £350.8k, this is less efficient (£433.4k)

£350.8k - Sketch Studios Limited

£433.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 29 days, this is earlier than average (56 days)

29 days - Sketch Studios Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 49 days, this is close to average (50 days)

49 days - Sketch Studios Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 108 days, this is more than average (23 days)

108 days - Sketch Studios Limited

23 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (9 weeks)

18 weeks - Sketch Studios Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (81.9%)

99.7% - Sketch Studios Limited

81.9% - Industry AVG

SKETCH STUDIOS LIMITED financials

EXPORTms excel logo

Sketch Studios Limited's latest turnover from October 2023 is estimated at £6.7 million and the company has net assets of £11 thousand. According to their latest financial statements, Sketch Studios Limited has 19 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover6,664,5283,735,3913,148,1254,614,5395,296,30315,948,0009,447,81916,994,32515,484,89614,616,54310,962,0007,831,4416,193,5354,952,177
Other Income Or Grants00000000000000
Cost Of Sales5,019,2862,740,9572,223,3783,171,9563,881,92012,942,7856,584,26711,856,59211,247,02710,220,6487,693,9475,662,2244,583,8673,682,456
Gross Profit1,645,242994,435924,7471,442,5831,414,3833,005,2152,863,5525,137,7334,237,8694,395,8953,268,0532,169,2171,609,6681,269,721
Admin Expenses1,104,4801,438,5991,026,5571,899,6781,771,8232,520,5212,605,2464,532,3504,040,1903,382,1912,379,8751,535,0051,333,8181,248,336
Operating Profit540,762-444,164-101,810-457,095-357,440484,694258,306605,383197,6791,013,704888,178634,212275,85021,385
Interest Payable0000377000115300000
Interest Receivable47,8845,6367914910,4680001,36112,84814,8535,1771,128950
Pre-Tax Profit588,647-438,528-101,731-456,946-347,349484,694258,306605,383198,9251,026,522903,031639,389276,978214,835
Tax-147,1620000-100,212-65,657-84,103-53,198-240,106-226,181-162,609-80,177-59,254
Profit After Tax441,485-438,528-101,731-456,946-347,349384,482192,649521,280145,727786,416676,850476,780196,801155,581
Dividends Paid0000023,7290564,7110656,187500,000352,000100,72640,000
Retained Profit441,485-438,528-101,731-456,946-347,349360,753192,649-43,431145,727130,229176,850124,78096,075115,581
Employee Costs1,106,409609,783452,305842,9221,215,3611,151,690979,0942,618,4282,251,9941,990,2151,694,4651,199,463922,267927,843
Number Of Employees1915122030312740393250373031
EBITDA*541,792-437,003-95,562-453,422-343,385493,436317,995688,753273,4601,059,308913,000640,313282,25128,674

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets11,0318,1929,9154,96319,0187,54264,761110,994163,38168,0287,3305,2895,417
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets11,0318,1929,9154,96319,0187,54264,761110,994163,38168,0287,3305,2895,417
Stock & work in progress1,494,539351,56869,76755,664186,299863,497476,264788,719642,896235,541260,042189,68570,65357,701
Trade Debtors538,664750,378625,571837,330440,3291,970,6051,156,1371,547,2521,101,006961,593762,334472,136632,748577,030
Group Debtors46,01000115,704951,4561,0000024,60601,277,542413,94532862,686
Misc Debtors461,824149,304540,046371,818743,9804,758,0011,160,172613,679485,530548,133502,423151,816189,47210,487
Cash1,344,243479,92821,080137,608160,6612,630,803639,2871,697,5142,106,3911,808,869139,2491,004,7731,111,717737,362
misc current assets00000000000000
total current assets3,885,2801,731,1781,256,4641,518,1242,482,72510,223,9063,431,8604,647,1644,360,4293,554,1362,941,5902,232,3552,004,9181,445,266
total assets3,885,2811,732,2091,264,6561,528,0392,487,68810,242,9243,439,4024,711,9254,471,4233,717,5173,009,6182,239,6852,010,2071,450,683
Bank overdraft0000011,15900000000
Bank loan00000000000000
Trade Creditors 675,991296,726626,313215,6071,022,7631,638,683347,458832,560679,052832,957421,247371,823345,316483,496
Group/Directors Accounts234,43674,14632,667189,96100554,260505,673321,15726,989522,051377,934126,8145,104
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities2,963,8401,791,808597,619962,683898,1917,678,9991,984,3542,988,0113,065,7712,024,2061,367,173967,6311,140,560660,641
total current liabilities3,874,2672,162,6801,256,5991,368,2511,920,9549,328,8412,886,0724,326,2444,065,9802,884,1522,310,4711,717,3881,612,6901,149,241
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00050,00000025,0001,3313,9890000
total long term liabilities00050,00000025,0001,3313,9890000
total liabilities3,874,2672,162,6801,256,5991,418,2511,920,9549,328,8412,886,0724,351,2444,067,3112,888,1412,310,4711,717,3881,612,6901,149,241
net assets11,014-430,4718,057109,788566,734914,083553,330360,681404,112829,376699,147522,297397,517301,442
total shareholders funds11,014-430,4718,057109,788566,734914,083553,330360,681404,112829,376699,147522,297397,517301,442
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit540,762-444,164-101,810-457,095-357,440484,694258,306605,383197,6791,013,704888,178634,212275,85021,385
Depreciation1,0307,1616,2483,67314,0558,74259,68983,37075,78145,60424,8226,1016,4017,289
Amortisation00000000000000
Tax-147,1620000-100,212-65,657-84,103-53,198-240,106-226,181-162,609-80,177-59,254
Stock1,142,971281,80114,103-130,635-677,198387,233-312,455145,823407,355-24,50170,357119,03212,95257,701
Debtors146,816-265,935-159,235-810,913-4,593,8414,413,297155,378549,789101,416-1,032,5731,504,402215,349172,345650,203
Creditors379,265-329,587410,706-807,156-615,9201,291,225-485,102153,508-153,905411,71049,42426,507-138,180483,496
Accruals and Deferred Income1,172,0321,194,189-365,06464,492-6,780,8085,694,645-1,003,657-77,7601,041,565657,033399,542-172,929479,919660,641
Deferred Taxes & Provisions00-50,00050,00000-25,00023,669-2,6583,9890000
Cash flow from operations656,140411,73345,212-204,538-2,469,0742,578,564-1,104,3448,455596,4932,949,008-438,974-3,099358,516405,653
Investing Activities
capital expenditure00-4,525-8,6250-20,218-2,470-37,137-23,394-140,957-85,520-8,142-6,273-12,706
Change in Investments00000000000000
cash flow from investments00-4,525-8,6250-20,218-2,470-37,137-23,394-140,957-85,520-8,142-6,273-12,706
Financing Activities
Bank loans00000000000000
Group/Directors Accounts160,29041,479-157,294189,9610-554,26048,587184,516294,168-495,062144,117251,120121,7105,104
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000000-570,9910000185,861
interest47,8845,6367914910,0910001,24612,81814,8535,1771,128950
cash flow from financing208,17447,115-157,215190,11010,091-554,26048,587184,516-275,577-482,244158,970256,297122,838191,915
cash and cash equivalents
cash864,315458,848-116,528-23,053-2,470,1421,991,516-1,058,227-408,877297,5221,669,620-865,524-106,944374,355737,362
overdraft0000-11,15911,15900000000
change in cash864,315458,848-116,528-23,053-2,458,9831,980,357-1,058,227-408,877297,5221,669,620-865,524-106,944374,355737,362

sketch studios 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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Sketch Studios Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sketch studios limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in SL4 area or any other competitors across 12 key performance metrics.

sketch studios limited Ownership

SKETCH STUDIOS LIMITED group structure

Sketch Studios Limited has no subsidiary companies.

Ultimate parent company

2 parents

SKETCH STUDIOS LIMITED

05719973

SKETCH STUDIOS LIMITED Shareholders

fourfront group ltd 100%

sketch studios limited directors

Sketch Studios Limited currently has 2 directors. The longest serving directors include Mr Gary Chandler (Oct 2018) and Susan Hann (Feb 2021).

officercountryagestartendrole
Mr Gary ChandlerEngland55 years Oct 2018- Director
Susan HannEngland59 years Feb 2021- Director

P&L

October 2023

turnover

6.7m

+78%

operating profit

540.8k

0%

gross margin

24.7%

-7.27%

turnover

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

Balance Sheet

October 2023

net assets

11k

-1.03%

total assets

3.9m

+1.24%

cash

1.3m

+1.8%

net assets

Total assets minus all liabilities

sketch studios limited company details

company number

05719973

Type

Private limited with Share Capital

industry

46650 - Wholesale of office furniture

incorporation date

February 2006

age

19

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

October 2023

previous names

demandland limited (February 2007)

accountant

ROUSE AUDIT LLP

auditor

-

address

windsor two arthur road, windsor, SL4 1RS

Bank

BARCLAYS BANK PLC

Legal Advisor

-

sketch studios 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 5 charges/mortgages relating to sketch studios limited. Currently there are 1 open charges and 4 have been satisfied in the past.

sketch studios 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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sketch studios limited Companies House Filings - See Documents

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