1st Choice Furniture Limited

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1st choice furniture limited Company Information

Live

EstablishedMicroDeclining

Company Number

05761491

Website

www.1stchoicefurniturelondon.co.uk

Registered Address

c/o livingstones accountants lim, livingstones house, wembley, middlesex, HA9 6BD

Industry

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

Telephone

02085679651

Next Accounts Due

444 days late

Group Structure

View All

Directors

Satwant Ghatore18 Years

Harminder Ghatore18 Years

Shareholders

harminder ghataore 50%

satwant ghataore 50%

1st choice furniture limited Estimated Valuation

£0 - £24.1k

The estimated valuation range for 1st choice furniture limited, derived from financial data as of April 2021 and the most recent industry multiples, is between £0 to £24.1k

Get a detailed valuation report, edit figures and unlock valuation multiples.

1st Choice Furniture Limited AI Business Plan

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1st Choice Furniture Limited is a live company located in wembley, HA9 6BD with a Companies House number of 05761491. 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 harminder ghataore with a 50% stake. 1st Choice Furniture Limited is a established, micro sized company, Pomanda has estimated its turnover at £91.9k with declining growth in recent years.

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Pomanda's financial health check has awarded 1St Choice Furniture Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £91.9k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (-1.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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1ST CHOICE FURNITURE LIMITED group structure

1St Choice Furniture Limited has no subsidiary companies.

Ultimate parent company

1ST CHOICE FURNITURE LIMITED

05761491

1ST CHOICE FURNITURE LIMITED Shareholders

harminder ghataore	50%
satwant ghataore	50%

1St Choice Furniture Limited currently has 2 directors. The longest serving directors include Satwant Ghatore (Mar 2006) and Harminder Ghatore (Mar 2006).

officer	country	age	start	end	role
Satwant Ghatore		69 years	Mar 2006	-	Director
Harminder Ghatore		64 years	Mar 2006	-	Director

EXPORT

1St Choice Furniture Limited's latest turnover from April 2021 is estimated at £91.9 thousand and the company has net assets of -£34.6 thousand. According to their latest financial statements, 1St Choice Furniture Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	91,890	160,995	181,362	255,414	336,657	161,759	133,494	123,771	98,805	101,889	129,087	112,334
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	63,710	104,603	123,275	175,162	237,360	115,169	96,788	86,389	69,024	71,359	88,686	76,941
Gross Profit	28,180	56,392	58,087	80,252	99,297	46,590	36,706	37,382	29,781	30,530	40,401	35,393
Admin Expenses	31,457	54,808	58,179	86,336	102,115	32,989	36,796	29,047	14,782	18,405	41,444	60,207
Operating Profit	-3,277	1,584	-92	-6,084	-2,818	13,601	-90	8,335	14,999	12,125	-1,043	-24,814
Interest Payable	0	0	0	0	0	3,762	7,525	7,525	7,758	9,234	5,855	616
Interest Receivable	0	0	0	0	0	1	2	1	2	2	0	0
Pre-Tax Profit	-3,277	1,584	-92	-6,084	-2,818	9,840	-7,613	811	7,243	2,892	-6,898	-25,430
Tax	0	-301	0	0	0	-1,968	0	-170	-1,666	-694	0	0
Profit After Tax	-3,277	1,283	-92	-6,084	-2,818	7,872	-7,613	641	5,577	2,198	-6,898	-25,430
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,277	1,283	-92	-6,084	-2,818	7,872	-7,613	641	5,577	2,198	-6,898	-25,430
Employee Costs	25,158	25,074	28,358	50,741	52,015	24,993	24,273	24,906	23,662	21,125	20,112	22,914
Number Of Employees	1	1	1	2	2	1	1	1	1	1	1	1
EBITDA*	-3,277	1,584	-92	-6,084	-2,818	14,787	1,463	10,069	17,216	14,891	2,208	-20,558

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	112,703	109,622	108,017	102,406	102,985	3,891	5,077	5,622	7,178	8,804	10,469	13,567
Intangible Assets	0	0	0	0	0	100,000	100,000	100,000	100,000	100,000	100,000	100,000
Investments & Other	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
Total Fixed Assets	112,703	109,622	108,017	102,406	102,985	103,891	105,077	105,622	107,178	108,804	110,469	113,567
Stock & work in progress	0	0	0	0	0	49,870	39,092	34,092	22,550	23,050	38,550	42,356
Trade Debtors	31,211	40,454	39,755	44,245	53,536	0	0	0	0	6,516	13,071	4,553
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	118	305	389	115	736	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	31,211	40,454	39,755	44,245	53,536	49,988	39,397	34,481	22,665	30,302	51,621	46,909
total assets	143,914	150,076	147,772	146,651	156,521	153,879	144,474	140,103	129,843	139,106	162,090	160,476
Bank overdraft	0	0	0	0	0	0	0	0	0	0	13,381	18,960
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	16,348	17,377	26,725	52,752	66,110	55,057	55,193	48,148	38,529	46,192	33,125	44,034
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	16,348	17,377	26,725	52,752	66,110	55,057	55,193	48,148	38,529	46,192	46,506	62,994
loans	0	0	0	0	0	0	115,767	115,767	115,767	122,944	147,812	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	408	1,223	489	0	0	0	0	0	0	0	0	0
other liabilities	161,799	162,840	153,205	126,454	116,882	122,375	4,939	0	0	0	0	122,812
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	162,207	164,063	153,694	126,454	116,882	122,375	120,706	115,767	115,767	122,944	147,812	122,812
total liabilities	178,555	181,440	180,419	179,206	182,992	177,432	175,899	163,915	154,296	169,136	194,318	185,806
net assets	-34,641	-31,364	-32,647	-32,555	-26,471	-23,553	-31,425	-23,812	-24,453	-30,030	-32,228	-25,330
total shareholders funds	-34,641	-31,364	-32,647	-32,555	-26,471	-23,553	-31,425	-23,812	-24,453	-30,030	-32,228	-25,330

	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	-3,277	1,584	-92	-6,084	-2,818	13,601	-90	8,335	14,999	12,125	-1,043	-24,814
Depreciation	0	0	0	0	0	1,186	1,553	1,734	2,217	2,766	3,251	4,256
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-301	0	0	0	-1,968	0	-170	-1,666	-694	0	0
Stock	0	0	0	0	-49,870	10,778	5,000	11,542	-500	-15,500	-3,806	42,356
Debtors	-9,243	699	-4,490	-9,291	53,536	0	0	0	-6,516	-6,555	8,518	4,553
Creditors	-1,029	-9,348	-26,027	-13,358	11,053	-136	7,045	9,619	-7,663	13,067	-10,909	44,034
Accruals and Deferred Income	-815	734	489	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	4,122	-8,030	-21,140	-10,151	4,569	1,905	3,508	7,976	14,903	49,319	-13,413	-23,433
Investing Activities
capital expenditure	-3,081	-1,605	-5,611	579	906	0	-1,008	-178	-591	-1,101	-153	-117,823
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,081	-1,605	-5,611	579	906	0	-1,008	-178	-591	-1,101	-153	-117,823
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-115,767	0	0	-7,177	-24,868	147,812	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-1,041	9,635	26,751	9,572	-5,493	117,436	4,939	0	0	0	-122,812	122,812
share issue	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	-3,761	-7,523	-7,524	-7,756	-9,232	-5,855	-616
cash flow from financing	-1,041	9,635	26,751	9,572	-5,593	-2,092	-2,584	-7,524	-14,933	-34,100	19,145	122,296
cash and cash equivalents
cash	0	0	0	0	-118	-187	-84	274	-621	736	0	0
overdraft	0	0	0	0	0	0	0	0	0	-13,381	-5,579	18,960
change in cash	0	0	0	0	-118	-187	-84	274	-621	14,117	5,579	-18,960

P&L

April 2021

turnover

91.9k

-43%

operating profit

-3.3k

gross margin

30.7%

-12.45%

turnover

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

Balance Sheet

April 2021

net assets

-34.6k

+0.1%

total assets

143.9k

-0.04%

cash

net assets

Total assets minus all liabilities

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company number

05761491

Type

Private limited with Share Capital

industry

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

incorporation date

March 2006

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

c/o livingstones accountants lim, livingstones house, wembley, middlesex, HA9 6BD

last accounts submitted

April 2021

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 1st choice furniture limited.

1st choice furniture limited Company Information

1st choice furniture limited Estimated Valuation

1st choice furniture limited Estimated Valuation

1st choice furniture limited Estimated Valuation

1st Choice Furniture Limited AI Business Plan

1st Choice Furniture Limited Overview

1st Choice Furniture Limited Health Check

1st choice furniture limited Credit Report and Business Information

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1st choice furniture limited Ownership

1st choice furniture limited directors

1ST CHOICE FURNITURE LIMITED financials

1st choice furniture limited company details

1st choice furniture limited Charges & Mortgages

1st choice furniture limited Companies House Filings - See Documents