the sofa & chair co. limited
the sofa & chair co. limited Company Information
Company Number
05738124
Next Accounts
235 days late
Directors
Shareholders
larkbury group limited
Group Structure
View All
Industry
Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
Registered Address
1 western avenue business park, mansfield road, london, W3 0BZ
Website
www.thesofaandchair.co.ukthe sofa & chair co. limited Estimated Valuation
Pomanda estimates the enterprise value of THE SOFA & CHAIR CO. LIMITED at £7m based on a Turnover of £14.4m and 0.48x industry multiple (adjusted for size and gross margin).
the sofa & chair co. limited Estimated Valuation
Pomanda estimates the enterprise value of THE SOFA & CHAIR CO. LIMITED at £18.6m based on an EBITDA of £3.7m and a 5.06x industry multiple (adjusted for size and gross margin).
the sofa & chair co. limited Estimated Valuation
Pomanda estimates the enterprise value of THE SOFA & CHAIR CO. LIMITED at £9.4m based on Net Assets of £4.4m and 2.13x industry multiple (adjusted for liquidity).
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The Sofa & Chair Co. Limited Overview
The Sofa & Chair Co. Limited is a live company located in london, W3 0BZ with a Companies House number of 05738124. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in March 2006, it's largest shareholder is larkbury group limited with a 100% stake. The Sofa & Chair Co. Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.4m with declining growth in recent years.
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The Sofa & Chair Co. Limited Health Check
Pomanda's financial health check has awarded The Sofa & Chair Co. Limited a 3.5 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
3 Strong
4 Regular
5 Weak
Size
annual sales of £14.4m, make it larger than the average company (£4.2m)
£14.4m - The Sofa & Chair Co. Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (4.4%)
-4% - The Sofa & Chair Co. Limited
4.4% - Industry AVG
Production
with a gross margin of 42%, this company has a comparable cost of product (39.9%)
42% - The Sofa & Chair Co. Limited
39.9% - Industry AVG
Profitability
an operating margin of 23.2% make it more profitable than the average company (5.1%)
23.2% - The Sofa & Chair Co. Limited
5.1% - Industry AVG
Employees
with 149 employees, this is above the industry average (25)
149 - The Sofa & Chair Co. Limited
25 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£31.3k)
£34k - The Sofa & Chair Co. Limited
£31.3k - Industry AVG
Efficiency
resulting in sales per employee of £96.6k, this is less efficient (£161.6k)
£96.6k - The Sofa & Chair Co. Limited
£161.6k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is near the average (20 days)
16 days - The Sofa & Chair Co. Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (41 days)
29 days - The Sofa & Chair Co. Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 149 days, this is more than average (76 days)
149 days - The Sofa & Chair Co. Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (20 weeks)
3 weeks - The Sofa & Chair Co. Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.7%, this is a similar level of debt than the average (64.1%)
63.7% - The Sofa & Chair Co. Limited
64.1% - Industry AVG
THE SOFA & CHAIR CO. LIMITED financials
The Sofa & Chair Co. Limited's latest turnover from September 2022 is £14.4 million and the company has net assets of £4.4 million. According to their latest financial statements, The Sofa & Chair Co. Limited has 149 employees and maintains cash reserves of £304.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,388,172 | 11,086,047 | 11,614,616 | 16,150,108 | 31,804,290 | 18,414,798 | 15,867,068 | 12,972,341 | 9,874,255 | 7,522,430 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 8,346,424 | 5,974,364 | 7,031,972 | 9,878,709 | 15,813,484 | 9,546,280 | 7,413,910 | 5,723,056 | 4,326,323 | ||||
| Gross Profit | 6,041,748 | 5,111,683 | 4,582,644 | 6,271,399 | 15,990,806 | 8,868,518 | 8,453,158 | 7,249,285 | 5,547,932 | ||||
| Admin Expenses | 2,708,289 | 4,856,197 | 5,303,045 | 10,482,996 | 15,986,440 | 9,829,339 | 7,831,193 | 6,397,880 | 4,749,925 | ||||
| Operating Profit | 3,333,459 | 255,486 | -720,401 | -4,211,597 | 4,366 | -960,821 | 621,965 | 851,405 | 798,007 | 668,451 | |||
| Interest Payable | 304,193 | 4,096 | 13,743 | 133,634 | 270,782 | 913,779 | 134,633 | 67,513 | 41,782 | 2,162 | |||
| Interest Receivable | 251 | 0 | 0 | 10,472 | 3,531 | 387 | 3,140 | 1,522 | 1,902 | 2,673 | |||
| Pre-Tax Profit | 3,029,517 | 251,390 | -734,144 | -3,444,214 | -262,885 | -1,054,640 | 490,472 | 785,414 | 758,127 | 668,962 | |||
| Tax | 341,472 | 91,640 | 12,588 | 471,149 | -13,089 | 186,788 | -22,996 | -173,680 | -162,998 | -142,051 | |||
| Profit After Tax | 3,370,989 | 343,030 | -721,556 | -2,973,065 | -275,974 | -867,852 | 467,476 | 611,734 | 595,129 | 526,911 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 819,000 | 580,000 | 335,000 | 180,000 | |||
| Retained Profit | 3,370,989 | 343,030 | -721,556 | -2,973,065 | -275,974 | -867,852 | -351,524 | 31,734 | 260,129 | 346,911 | |||
| Employee Costs | 5,060,290 | 4,295,593 | 5,016,609 | 7,533,176 | 12,625,634 | 8,368,093 | 8,412,875 | 6,430,219 | 4,713,830 | 3,540,759 | |||
| Number Of Employees | 149 | 121 | 128 | 180 | 212 | 214 | 209 | 166 | 119 | ||||
| EBITDA* | 3,665,176 | 536,994 | -413,406 | -3,691,130 | 934,078 | -361,678 | 846,478 | 1,039,059 | 912,879 | 741,112 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,608,879 | 1,521,782 | 1,422,142 | 1,458,375 | 4,593,372 | 2,960,055 | 3,734,812 | 2,998,564 | 2,821,997 | 239,843 | 117,513 | 137,679 | 150,617 |
| Intangible Assets | 2,139,507 | 996,506 | 39,570 | 64,943 | 63,581 | 18,993 | 40,947 | 46,091 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 65,779 | 386,438 | 901,238 | 936,217 | 900,000 | 900,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,748,386 | 2,584,067 | 1,848,150 | 2,424,556 | 5,593,170 | 3,879,048 | 4,675,759 | 3,044,655 | 2,821,997 | 239,843 | 117,513 | 137,679 | 150,617 |
| Stock & work in progress | 3,412,305 | 3,712,141 | 3,668,628 | 5,066,915 | 4,653,287 | 4,313,297 | 3,462,040 | 2,391,517 | 1,667,948 | 1,297,637 | 612,707 | 503,321 | 176,480 |
| Trade Debtors | 658,883 | 527,766 | 120,958 | 303,675 | 561,486 | 270,774 | 261,695 | 461,802 | 328,217 | 286,364 | 530,950 | 306,493 | 338,669 |
| Group Debtors | 3,284,271 | 3,060,446 | 2,686,137 | 675,784 | 393,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 700,676 | 1,244,256 | 1,075,651 | 2,930,760 | 547,996 | 1,516,883 | 1,088,060 | 630,454 | 614,163 | 1,052,702 | 0 | 0 | 0 |
| Cash | 304,519 | 372,178 | 906,444 | 450,313 | 761,697 | 508,876 | 1,389,357 | 1,252,800 | 870,429 | 736,908 | 710,181 | 74,309 | 114,032 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,360,654 | 8,916,787 | 8,457,818 | 9,427,447 | 6,918,336 | 6,609,830 | 6,201,152 | 4,736,573 | 3,480,757 | 3,373,611 | 1,853,838 | 884,123 | 629,181 |
| total assets | 12,109,040 | 11,500,854 | 10,305,968 | 11,852,003 | 12,511,506 | 10,488,878 | 10,876,911 | 7,781,228 | 6,302,754 | 3,613,454 | 1,971,351 | 1,021,802 | 779,798 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 698,687 | 112,403 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 177,573 | 177,205 | 0 | 0 | 70,230 | 0 | 0 | 0 | 0 |
| Trade Creditors | 679,281 | 1,445,036 | 1,414,837 | 1,606,549 | 1,780,002 | 1,287,081 | 1,220,698 | 778,705 | 719,832 | 407,117 | 1,231,998 | 679,915 | 665,042 |
| Group/Directors Accounts | 43,339 | 71,597 | 71,597 | 143,597 | 170,097 | 0 | 2,285 | 1,397 | 251 | 200 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 72,821 | 161,188 | 230,310 | 122,092 | 54,697 | 35,657 | 20,652 | 0 | 27,674 | 36,142 |
| other current liabilities | 3,981,427 | 7,301,997 | 7,888,700 | 8,477,267 | 3,466,572 | 6,298,095 | 3,660,981 | 3,146,712 | 2,714,087 | 1,980,291 | 0 | 0 | 0 |
| total current liabilities | 4,704,047 | 8,818,630 | 9,375,134 | 10,300,234 | 5,755,432 | 7,992,691 | 5,704,743 | 4,093,914 | 3,540,057 | 2,408,260 | 1,231,998 | 707,589 | 701,184 |
| loans | 0 | 0 | 0 | 0 | 1,847,751 | 2,138,075 | 4,059,292 | 2,409,444 | 1,607,348 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 37,890 | 332,717 | 210,438 | 80,693 | 70,426 | 21,125 | 0 | 0 | 40,744 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,910,000 | 1,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,125 | 13,070 | 0 |
| provisions | 100,000 | 158,220 | 249,860 | 149,239 | 494,838 | 243,959 | 243,959 | 196,365 | 115,845 | 475,120 | 356,190 | 219,880 | 9,647 |
| total long term liabilities | 3,010,000 | 1,658,220 | 249,860 | 149,239 | 2,380,479 | 2,714,751 | 4,513,689 | 2,686,502 | 1,793,619 | 496,245 | 377,315 | 232,950 | 50,391 |
| total liabilities | 7,714,047 | 10,476,850 | 9,624,994 | 10,449,473 | 8,135,911 | 10,707,442 | 10,218,432 | 6,780,416 | 5,333,676 | 2,904,505 | 1,609,313 | 940,539 | 751,575 |
| net assets | 4,394,993 | 1,024,004 | 680,974 | 1,402,530 | 4,375,595 | -218,564 | 658,479 | 1,000,812 | 969,078 | 708,949 | 362,038 | 81,263 | 28,223 |
| total shareholders funds | 4,394,993 | 1,024,004 | 680,974 | 1,402,530 | 4,375,595 | -218,564 | 658,479 | 1,000,812 | 969,078 | 708,949 | 362,038 | 81,263 | 28,223 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 3,333,459 | 255,486 | -720,401 | -4,211,597 | 4,366 | -960,821 | 621,965 | 851,405 | 798,007 | 668,451 | |||
| Depreciation | 291,402 | 226,990 | 272,442 | 492,386 | 923,815 | 564,659 | 197,762 | 187,654 | 114,872 | 72,661 | 144,188 | 62,162 | 60,411 |
| Amortisation | 40,315 | 54,518 | 34,553 | 28,081 | 5,897 | 34,484 | 26,751 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 341,472 | 91,640 | 12,588 | 471,149 | -13,089 | 186,788 | -22,996 | -173,680 | -162,998 | -142,051 | |||
| Stock | -299,836 | 43,513 | -1,398,287 | 413,628 | 339,990 | 851,257 | 1,070,523 | 723,569 | 370,311 | 684,930 | 109,386 | 326,841 | 176,480 |
| Debtors | -254,417 | 629,063 | -542,273 | 2,371,888 | -248,088 | 437,902 | 1,157,499 | 149,876 | -396,686 | 808,116 | 224,457 | -32,176 | 338,669 |
| Creditors | -765,755 | 30,199 | -191,712 | -173,453 | 492,921 | 66,383 | 441,993 | 58,873 | 312,715 | -824,881 | 552,083 | 14,873 | 665,042 |
| Accruals and Deferred Income | -3,320,570 | -586,703 | -588,567 | 5,010,695 | -2,831,523 | 2,637,114 | 514,269 | 432,625 | 733,796 | 1,980,291 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -58,220 | -91,640 | 100,621 | -345,599 | 250,879 | 0 | 47,594 | 80,520 | -359,275 | 118,930 | 136,310 | 210,233 | 9,647 |
| Cash flow from operations | 416,356 | -692,086 | 860,084 | -1,513,854 | -1,258,636 | 1,239,448 | -400,684 | 563,952 | 1,463,492 | 380,355 | |||
| Investing Activities | |||||||||||||
| capital expenditure | -652,884 | -410,312 | -2,605,628 | -194,894 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -652,884 | -410,312 | -2,605,628 | -194,894 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | -177,573 | 368 | 177,205 | 0 | -70,230 | 70,230 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -28,258 | 0 | -72,000 | -26,500 | 170,097 | -2,285 | 888 | 1,146 | 51 | 200 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -1,847,751 | -290,324 | -1,921,217 | 1,649,848 | 802,096 | 1,607,348 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -72,821 | -126,257 | -363,949 | 230,497 | 197,140 | 29,307 | 64,306 | 41,777 | -27,674 | -49,212 | 76,886 |
| other long term liabilities | 1,410,000 | 1,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21,125 | 8,055 | 13,070 | 0 |
| share issue | |||||||||||||
| interest | -303,942 | -4,096 | -13,743 | -123,162 | -267,251 | -913,392 | -131,493 | -65,991 | -39,880 | 511 | |||
| cash flow from financing | 1,077,800 | 1,495,904 | -158,564 | -2,301,243 | 4,119,074 | -2,438,383 | 1,725,574 | 696,328 | 1,702,055 | 21,363 | |||
| cash and cash equivalents | |||||||||||||
| cash | -67,659 | -534,266 | 456,131 | -311,384 | 252,821 | -880,481 | 136,557 | 382,371 | 133,521 | 26,727 | 635,872 | -39,723 | 114,032 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -698,687 | 586,284 | 112,403 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -67,659 | -534,266 | 456,131 | -311,384 | 252,821 | -181,794 | -449,727 | 269,968 | 133,521 | 26,727 | 635,872 | -39,723 | 114,032 |
the sofa & chair co. limited Credit Report and Business Information
The Sofa & Chair Co. Limited Competitor Analysis
Perform a competitor analysis for the sofa & chair co. 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 W 3 area or any other competitors across 12 key performance metrics.
the sofa & chair co. limited Ownership
THE SOFA & CHAIR CO. LIMITED group structure
The Sofa & Chair Co. Limited has no subsidiary companies.
Ultimate parent company
1 parent
THE SOFA & CHAIR CO. LIMITED
05738124
the sofa & chair co. limited directors
The Sofa & Chair Co. Limited currently has 1 director, Mr Khushal Ahmed serving since Mar 2006.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Khushal Ahmed | 42 years | Mar 2006 | - | Director |
P&L
September 2022turnover
14.4m
+30%
operating profit
3.3m
+1205%
gross margin
42%
-8.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
4.4m
+3.29%
total assets
12.1m
+0.05%
cash
304.5k
-0.18%
net assets
Total assets minus all liabilities
the sofa & chair co. limited company details
company number
05738124
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
March 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2022
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
1 western avenue business park, mansfield road, london, W3 0BZ
Bank
-
Legal Advisor
-
the sofa & chair co. 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 6 charges/mortgages relating to the sofa & chair co. limited. Currently there are 0 open charges and 6 have been satisfied in the past.
the sofa & chair co. 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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the sofa & chair co. limited Companies House Filings - See Documents
| date | description | view/download |
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