Furniture 23 Limited

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furniture 23 limited Company Information

Live

EstablishedSmallLow

Company Number

05752749

Website

www.furniture23.com

Registered Address

5 & 6 westone, weston gateway business park, weston super mare, BS24 7NF

Industry

Other business support service activities n.e.c.

Telephone

441173131431

Next Accounts Due

December 2024

Group Structure

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Directors

Christopher Fox18 Years

Shareholders

mr christopher fox 55%

mrs laura jane fox 45%

furniture 23 limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of FURNITURE 23 LIMITED at £1.5m based on a Turnover of £2.5m and 0.59x industry multiple (adjusted for size and gross margin).

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Furniture 23 Limited is a live company located in weston super mare, BS24 7NF with a Companies House number of 05752749. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2006, it's largest shareholder is mr christopher fox with a 55% stake. Furniture 23 Limited is a established, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.

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Pomanda's financial health check has awarded Furniture 23 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

6 Regular

4 Weak

Size

annual sales of £2.5m, make it in line with the average company (£3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.1%)

EXPORT

Furniture 23 Limited's latest turnover from March 2023 is estimated at £2.5 million and the company has net assets of £442.4 thousand. According to their latest financial statements, Furniture 23 Limited has 9 employees and maintains cash reserves of £409.4 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	2,465,463	2,766,308	569,112	2,245,586	1,682,826	953,463	1,096,051	1,978,707	1,925,020	1,115,518	719,699	1,277,142	555,738	1,700,573
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,520,545	1,710,691	357,130	1,393,369	1,048,133	590,920	667,443	1,231,048	1,218,549	711,051	455,743	786,426	333,559	1,014,172
Gross Profit	944,918	1,055,617	211,982	852,216	634,694	362,543	428,609	747,659	706,471	404,466	263,957	490,716	222,179	686,401
Admin Expenses	950,096	1,021,329	251,938	729,543	525,025	366,024	396,101	756,289	651,979	322,946	191,807	470,487	181,933	649,183
Operating Profit	-5,178	34,288	-39,956	122,673	109,669	-3,481	32,508	-8,630	54,492	81,520	72,150	20,229	40,246	37,218
Interest Payable	0	0	0	0	0	0	49	51	0	0	0	0	0	0
Interest Receivable	17,775	2,827	462	480	2,290	1,237	596	1,041	918	834	1,131	900	243	86
Pre-Tax Profit	12,598	37,115	-39,494	123,153	111,959	-2,244	33,055	-7,639	55,410	82,355	73,280	21,130	40,489	37,304
Tax	-2,394	-7,052	0	-23,399	-21,272	0	-6,611	0	-11,636	-18,942	-17,587	-5,494	-11,337	-10,445
Profit After Tax	10,204	30,063	-39,494	99,754	90,687	-2,244	26,444	-7,639	43,774	63,413	55,693	15,636	29,152	26,859
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,204	30,063	-39,494	99,754	90,687	-2,244	26,444	-7,639	43,774	63,413	55,693	15,636	29,152	26,859
Employee Costs	392,040	332,848	280,000	276,866	268,495	217,411	177,434	213,932	533,967	318,102	208,734	381,684	171,226	494,097
Number Of Employees	9	8	7	7	7	6	5	6	15	9	6	11	5	14
EBITDA*	12,374	52,601	-19,251	145,155	126,454	8,893	41,459	1,613	64,851	99,351	79,134	27,286	42,509	37,899

* 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	103,647	82,435	102,488	122,493	137,874	44,735	53,644	39,702	34,250	44,655	21,395	28,197	11,068	1,437
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	103,647	82,435	102,488	122,493	137,874	44,735	53,644	39,702	34,250	44,655	21,395	28,197	11,068	1,437
Stock & work in progress	138,984	38,961	18,413	36,740	190,731	19,844	15,445	317,813	26,074	98,396	16,474	114,174	1,506	7,082
Trade Debtors	454,107	618,145	67,454	380,459	228,429	158,519	208,854	212,630	262,335	101,073	76,677	56,972	78,000	256,743
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,873	2,685	7,011	3,796	33,720	3,525	4,116	28,707	0	0	0	0	0	0
Cash	409,439	427,050	326,864	596,578	364,406	246,309	248,353	228,192	188,284	178,778	154,866	297,342	62,790	34,385
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,009,403	1,086,841	419,742	1,017,573	817,286	428,197	476,768	787,342	476,693	378,247	248,017	468,488	142,296	298,210
total assets	1,113,050	1,169,276	522,230	1,140,066	955,160	472,932	530,412	827,044	510,943	422,902	269,412	496,685	153,364	299,647
Bank overdraft	0	0	0	0	0	0	0	1,555	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	273,803	265,469	50,707	378,172	328,367	125,689	138,945	487,344	274,760	225,753	139,802	418,336	95,019	272,450
Group/Directors Accounts	1,407	937	309	65	0	0	0	3,652	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	386,982	463,933	60,258	314,192	272,986	95,158	137,114	106,463	0	0	0	0	0	0
total current liabilities	662,192	730,339	111,274	692,429	601,353	220,847	276,059	599,014	274,760	225,753	139,802	418,336	95,019	272,450
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	1,556	3,889	607	4,275	0	0
provisions	8,456	6,739	8,821	6,008	11,932	897	921	1,042	0	2,407	1,563	2,327	2,234	238
total long term liabilities	8,456	6,739	8,821	6,008	11,932	897	921	1,042	1,556	6,296	2,170	6,602	2,234	238
total liabilities	670,648	737,078	120,095	698,437	613,285	221,744	276,980	600,056	276,316	232,049	141,972	424,938	97,253	272,688
net assets	442,402	432,198	402,135	441,629	341,875	251,188	253,432	226,988	234,627	190,853	127,440	71,747	56,111	26,959
total shareholders funds	442,402	432,198	402,135	441,629	341,875	251,188	253,432	226,988	234,627	190,853	127,440	71,747	56,111	26,959

	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	-5,178	34,288	-39,956	122,673	109,669	-3,481	32,508	-8,630	54,492	81,520	72,150	20,229	40,246	37,218
Depreciation	17,552	18,313	20,705	22,482	16,785	12,374	8,951	10,243	10,359	17,831	6,984	7,057	2,263	681
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,394	-7,052	0	-23,399	-21,272	0	-6,611	0	-11,636	-18,942	-17,587	-5,494	-11,337	-10,445
Stock	100,023	20,548	-18,327	-153,991	170,887	4,399	-302,368	291,739	-72,322	81,922	-97,700	112,668	-5,576	7,082
Debtors	-159,850	546,365	-309,790	122,106	100,105	-50,926	-28,367	-20,998	161,262	24,396	19,705	-21,028	-178,743	256,743
Creditors	8,334	214,762	-327,465	49,805	202,678	-13,256	-348,399	212,584	49,007	85,951	-278,534	323,317	-177,431	272,450
Accruals and Deferred Income	-76,951	403,675	-253,934	41,206	177,828	-41,956	30,651	106,463	0	0	0	0	0	0
Deferred Taxes & Provisions	1,717	-2,082	2,813	-5,924	11,035	-24	-121	1,042	-2,407	844	-764	93	1,996	238
Cash flow from operations	2,907	94,991	-269,720	238,728	225,731	184	47,714	50,961	10,875	60,886	-139,756	253,562	40,056	36,317
Investing Activities
capital expenditure	-38,764	1,740	-700	-7,101	-109,924	-3,465	0	-15,695	46	-41,091	-182	-24,186	-11,894	-2,118
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-38,764	1,740	-700	-7,101	-109,924	-3,465	0	-15,695	46	-41,091	-182	-24,186	-11,894	-2,118
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	470	628	244	65	0	0	-3,652	3,652	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	-1,556	-2,333	3,282	-3,668	4,275	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	17,775	2,827	462	480	2,290	1,237	547	990	918	834	1,131	900	243	86
cash flow from financing	18,245	3,455	706	545	2,290	1,237	-3,105	3,086	-1,415	4,116	-2,537	5,175	243	186
cash and cash equivalents
cash	-17,611	100,186	-269,714	232,172	118,097	-2,044	20,161	39,908	9,506	23,912	-142,476	234,552	28,405	34,385
overdraft	0	0	0	0	0	0	-1,555	1,555	0	0	0	0	0	0
change in cash	-17,611	100,186	-269,714	232,172	118,097	-2,044	21,716	38,353	9,506	23,912	-142,476	234,552	28,405	34,385

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 furniture 23 limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BS24 area or any other competitors across 12 key performance metrics.

FURNITURE 23 LIMITED group structure

Furniture 23 Limited has no subsidiary companies.

Ultimate parent company

FURNITURE 23 LIMITED

05752749

FURNITURE 23 LIMITED Shareholders

mr christopher fox	55%
mrs laura jane fox	45%

Furniture 23 Limited currently has 1 director, Mr Christopher Fox serving since Mar 2006.

officer	country	age	start	end	role
Mr Christopher Fox	United Kingdom	57 years	Mar 2006	-	Director

P&L

March 2023

turnover

2.5m

-11%

operating profit

-5.2k

gross margin

38.4%

+0.44%

turnover

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

Balance Sheet

March 2023

net assets

442.4k

+0.02%

total assets

1.1m

-0.05%

cash

409.4k

-0.04%

net assets

Total assets minus all liabilities

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company number

05752749

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

March 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

furniture twenty three limited (September 2006)

last accounts submitted

March 2023

address

5 & 6 westone, weston gateway business park, weston super mare, BS24 7NF

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 furniture 23 limited. Currently there are 1 open charges and 0 have been satisfied in the past.

furniture 23 limited Company Information

furniture 23 limited Estimated Valuation

furniture 23 limited Estimated Valuation

furniture 23 limited Estimated Valuation

Furniture 23 Limited Overview

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FURNITURE 23 LIMITED financials

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