Funky Rugs Limited

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funky rugs limited Company Information

Live

Established

Company Number

05731911

Website

www.funkyrugs.co.uk

Registered Address

unit 1 gregston trading estate, birmingham road, oldbury, west midlands, B69 4EX

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Telephone

03332226516

Next Accounts Due

December 2024

Group Structure

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Directors

Lee Darlington18 Years

Matthew Cartwright11 Years

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Shareholders

lee john darlington 25%

james hughes 25%

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funky rugs limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FUNKY RUGS LIMITED at £0 based on a Turnover of £0 and 0.36x industry multiple (adjusted for size and gross margin).

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Funky Rugs Limited is a live company located in oldbury, B69 4EX with a Companies House number of 05731911. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in March 2006, it's largest shareholder is lee john darlington with a 25% stake. Funky Rugs Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Size

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Growth

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EXPORT

Funky Rugs Limited's latest turnover from March 2023 is estimated at 0 and the company has net assets of £57.3 thousand. According to their latest financial statements, we estimate that Funky Rugs Limited has no employees and maintains cash reserves of £1.4 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	0	0	0	0	0	0	0	0	127,705	212,670	272,968	489,367	517,709	640,812
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	0	0	0	0	0	0	80,096	133,847	170,650	305,855	322,257	402,151
Gross Profit	0	0	0	0	0	0	0	0	47,609	78,823	102,318	183,512	195,452	238,662
Admin Expenses	236	-373	-67,588	282	332	507	16,072	17,166	46,399	72,237	69,557	233,900	212,874	136,908
Operating Profit	-236	373	67,588	-282	-332	-507	-16,072	-17,166	1,210	6,586	32,761	-50,388	-17,422	101,754
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	57	8	1	1	6	4	2	29	108	109	40	12	40	40
Pre-Tax Profit	-179	381	67,589	-281	-326	-503	-16,070	-17,137	1,318	6,695	32,801	-50,376	-17,382	101,794
Tax	0	-72	-12,842	0	0	0	0	0	-277	-1,540	-7,872	0	0	-28,502
Profit After Tax	-179	309	54,747	-281	-326	-503	-16,070	-17,137	1,041	5,155	24,929	-50,376	-17,382	73,292
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-179	309	54,747	-281	-326	-503	-16,070	-17,137	1,041	5,155	24,929	-50,376	-17,382	73,292
Employee Costs	0	0	0	0	0	0	0	0	25,669	51,337	46,110	107,148	86,938	113,500
Number Of Employees	0	0	0	0	0	0	0	0	1	2	2	5	4	5
EBITDA*	-56	587	67,844	23	34	-68	458	-529	17,982	23,521	49,899	-33,000	233	119,401

* 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	916	1,078	1,268	1,492	1,755	2,065	2,429	2,858	3,362	3,955	4,653	5,474	6,187	5,079
Intangible Assets	53	71	95	127	169	225	300	16,401	32,534	48,713	64,950	81,267	97,689	114,253
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	969	1,149	1,363	1,619	1,924	2,290	2,729	19,259	35,896	52,668	69,603	86,741	103,876	119,332
Stock & work in progress	0	0	0	0	0	0	0	0	7,000	7,000	7,000	6,000	8,075	7,025
Trade Debtors	0	0	0	0	0	0	0	0	8,825	10,620	14,458	32,193	42,931	49,747
Group Debtors	55,000	55,000	55,000	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	50	0	0	0	0	0	0	0
Cash	1,350	1,349	826	823	799	759	773	842	10,904	32,282	11,323	4,869	0	15,999
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	56,350	56,349	55,826	823	799	759	823	842	26,729	49,902	32,781	43,062	51,006	72,771
total assets	57,319	57,498	57,189	2,442	2,723	3,049	3,552	20,101	62,625	102,570	102,384	129,803	154,882	192,103
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	0	0	0	0	0	0	0	0	25,866	66,852	71,821	124,169	98,872	118,711
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	0	0	0	0	0	0	0	479	0	0	0	0	0	0
total current liabilities	0	0	0	0	0	0	0	479	25,866	66,852	71,821	124,169	98,872	118,711
loans	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
Accruals and Deferred Income	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	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	0	0	0	0	0	0	0	479	25,866	66,852	71,821	124,169	98,872	118,711
net assets	57,319	57,498	57,189	2,442	2,723	3,049	3,552	19,622	36,759	35,718	30,563	5,634	56,010	73,392
total shareholders funds	57,319	57,498	57,189	2,442	2,723	3,049	3,552	19,622	36,759	35,718	30,563	5,634	56,010	73,392

	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	-236	373	67,588	-282	-332	-507	-16,072	-17,166	1,210	6,586	32,761	-50,388	-17,422	101,754
Depreciation	162	190	224	263	310	364	429	504	593	698	821	966	1,092	896
Amortisation	18	24	32	42	56	75	16,101	16,133	16,179	16,237	16,317	16,422	16,563	16,751
Tax	0	-72	-12,842	0	0	0	0	0	-277	-1,540	-7,872	0	0	-28,502
Stock	0	0	0	0	0	0	0	-7,000	0	0	1,000	-2,075	1,050	7,025
Debtors	0	0	55,000	0	0	-50	50	-8,825	-1,795	-3,838	-17,735	-10,738	-6,816	49,747
Creditors	0	0	0	0	0	0	0	-25,866	-40,986	-4,969	-52,348	25,297	-19,839	118,711
Accruals and Deferred Income	0	0	0	0	0	0	-479	479	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-56	515	2	23	34	-18	-71	-10,091	-21,486	20,850	6,414	5,110	-13,840	152,838
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	-253	-2,199	-136,979
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	-253	-2,199	-136,979
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	0	0	0	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	57	8	1	1	6	4	2	29	108	109	40	12	40	40
cash flow from financing	57	8	1	1	6	4	2	29	108	109	40	12	40	140
cash and cash equivalents
cash	1	523	3	24	40	-14	-69	-10,062	-21,378	20,959	6,454	4,869	-15,999	15,999
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1	523	3	24	40	-14	-69	-10,062	-21,378	20,959	6,454	4,869	-15,999	15,999

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 funky rugs limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other established companies, companies in B69 area or any other competitors across 12 key performance metrics.

FUNKY RUGS LIMITED group structure

Funky Rugs Limited has 1 subsidiary company.

Ultimate parent company

FUNKY RUGS LIMITED

05731911

1 subsidiary

RUG COUTURE LIMITED

05728357

FUNKY RUGS LIMITED Shareholders

lee john darlington	25%
james hughes	25%
amerjeet madhar	25%
matthew cartwright	25%

Funky Rugs Limited currently has 4 directors. The longest serving directors include Mr Lee Darlington (Mar 2006) and Mr Matthew Cartwright (Feb 2013).

officer	country	age	start	end	role
Mr Lee Darlington	England	48 years	Mar 2006	-	Director
Mr Matthew Cartwright		52 years	Feb 2013	-	Director
Mr James Hughes	England	48 years	Feb 2013	-	Director
Mr Amerjeet Madhar	England	47 years	Feb 2013	-	Director

P&L

March 2023

turnover

operating profit

-236.4

gross margin

turnover

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

Balance Sheet

March 2023

net assets

57.3k

total assets

57.3k

cash

1.4k

net assets

Total assets minus all liabilities

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company number

05731911

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

March 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

unit 1 gregston trading estate, birmingham road, oldbury, west midlands, B69 4EX

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 did not find charges/mortgages relating to funky rugs limited.

funky rugs limited Company Information

funky rugs limited Estimated Valuation

funky rugs limited Estimated Valuation

funky rugs limited Estimated Valuation

Funky Rugs Limited Overview

Funky Rugs Limited Health Check

FUNKY RUGS LIMITED financials

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funky rugs limited Ownership

funky rugs limited directors

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