Global Office Furniture Solutions Ltd.

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global office furniture solutions ltd. Company Information

Live

EstablishedSmallRapid

Company Number

05844973

Website

http://hallways.co.uk

Registered Address

5th floor waverley house, 115 - 119 holdenhurst road, bournemouth, dorset, BH8 8DY

Industry

Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

Wholesale of furniture, carpets and lighting equipment

Telephone

01202392895

Next Accounts Due

December 2024

Group Structure

View All

Directors

Lee Bolson18 Years

Alison Bolson10 Years

Shareholders

l b & a b holdings ltd 100%

global office furniture solutions ltd. Estimated Valuation

£10.1m

Pomanda estimates the enterprise value of GLOBAL OFFICE FURNITURE SOLUTIONS LTD. at £10.1m based on Net Assets of £4.7m and 2.16x industry multiple (adjusted for liquidity).

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Global Office Furniture Solutions Ltd. is a live company located in bournemouth, BH8 8DY with a Companies House number of 05844973. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in June 2006, it's largest shareholder is l b & a b holdings ltd with a 100% stake. Global Office Furniture Solutions Ltd. is a established, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Global Office Furniture Solutions Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£8m)

Growth

3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (5.6%)

EXPORT

Global Office Furniture Solutions Ltd.'s latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £4.7 million. According to their latest financial statements, Global Office Furniture Solutions Ltd. has 28 employees and maintains cash reserves of £2.5 million 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	3,447,343	2,894,761	1,738,169	1,277,546	2,182,886	3,202,766	1,982,611	2,252,157	3,730,671	4,091,511	2,384,219	1,271,156	1,340,824	1,403,347
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,281,012	1,905,064	1,127,119	816,149	1,395,904	2,069,774	1,266,806	1,469,847	2,430,489	2,647,030	1,561,057	841,004	879,184	928,519
Gross Profit	1,166,331	989,697	611,050	461,396	786,982	1,132,992	715,805	782,310	1,300,183	1,444,481	823,162	430,153	461,640	474,828
Admin Expenses	-194,080	-625,887	-283,769	41,140	394,331	928,685	631,602	717,646	1,228,165	1,315,777	811,086	410,779	275,695	103,272
Operating Profit	1,360,411	1,615,584	894,819	420,256	392,651	204,307	84,203	64,664	72,018	128,704	12,076	19,374	185,945	371,556
Interest Payable	22,888	17,353	34,821	26,764	0	0	0	0	0	0	4	4	0	0
Interest Receivable	89,237	9,556	534	290	1,839	678	412	1,173	1,191	847	571	213	7	5
Pre-Tax Profit	1,426,760	1,607,788	860,532	393,781	394,490	204,985	84,615	65,838	73,209	129,551	12,642	19,584	185,951	371,561
Tax	-271,084	-305,480	-163,501	-74,818	-74,953	-38,947	-16,923	-13,167	-15,374	-29,797	-3,034	-5,092	-52,066	-104,037
Profit After Tax	1,155,676	1,302,308	697,031	318,963	319,537	166,038	67,692	52,670	57,835	99,754	9,608	14,492	133,885	267,524
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,155,676	1,302,308	697,031	318,963	319,537	166,038	67,692	52,670	57,835	99,754	9,608	14,492	133,885	267,524
Employee Costs	936,602	975,275	301,932	290,563	356,069	547,864	543,717	549,010	595,165	667,440	389,942	230,350	243,080	246,638
Number Of Employees	28	31	10	10	13	20	20	20	22	25	15	9	10	10
EBITDA*	1,419,015	1,675,626	952,868	473,146	439,449	242,760	129,597	95,400	98,277	150,569	31,536	30,165	209,815	394,716

* 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	1,173,034	1,169,227	2,224,149	2,208,669	2,190,396	2,190,499	1,211,180	92,207	78,776	65,594	58,380	32,373	71,608	44,479
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	180,161	0	0	0	0	0	0	0	0
Total Fixed Assets	1,173,034	1,169,227	2,224,149	2,208,669	2,190,396	2,370,660	1,211,180	92,207	78,776	65,594	58,380	32,373	71,608	44,479
Stock & work in progress	483,549	325,016	300,000	390,000	220,000	217,999	175,999	175,999	117,119	111,275	108,742	154,789	200,000	200,000
Trade Debtors	93,763	97,346	38,341	39,368	37,595	155,892	160,609	181,706	537,908	531,556	308,919	133,672	132,277	165,390
Group Debtors	2,205,394	1,451,409	879,028	0	0	0	0	401,044	0	0	0	0	0	0
Misc Debtors	28,914	238,359	0	677,858	328,292	93,058	14,105	13,940	0	0	156,722	222,867	272,215	0
Cash	2,499,228	1,700,180	848,204	219,015	360,280	130,052	141,264	188,196	281,034	195,213	143,597	84,622	727	1,900
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,310,848	3,812,310	2,065,573	1,326,241	946,167	597,001	491,977	960,885	936,061	838,044	717,980	595,950	605,219	367,290
total assets	6,483,882	4,981,537	4,289,722	3,534,910	3,136,563	2,967,661	1,703,157	1,053,092	1,014,837	903,638	776,360	628,323	676,827	411,769
Bank overdraft	59,061	40,479	264,170	48,750	0	0	0	0	0	0	0	125	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	702,963	622,096	759,504	331,253	1,202,080	1,350,952	217,020	248,926	423,285	375,006	346,120	209,608	247,378	132,929
Group/Directors Accounts	0	0	0	390,192	388,871	560,805	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	21,976	17,454	29,227	42,841	29,383	41,603	30,431	47,701	0	0	0	0	0	0
other current liabilities	814,034	544,580	960,396	290,527	264,264	77,491	666,949	108,847	0	0	0	0	0	0
total current liabilities	1,598,034	1,224,609	2,013,297	1,103,563	1,884,598	2,030,851	914,400	405,474	423,285	375,006	346,120	209,733	247,378	132,929
loans	137,530	209,521	0	828,750	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	33,905	4,250	36,466	62,765	40,131	44,609	64,022	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	25,223	7,114
provisions	51,300	35,720	34,830	31,734	22,699	22,603	21,175	11,750	8,354	3,269	4,631	2,589	2,717	4,201
total long term liabilities	222,735	249,491	71,296	923,249	62,830	67,212	85,197	11,750	8,354	3,269	4,631	2,589	27,940	11,315
total liabilities	1,820,769	1,474,100	2,084,593	2,026,812	1,947,428	2,098,063	999,597	417,224	431,639	378,275	350,751	212,322	275,318	144,244
net assets	4,663,113	3,507,437	2,205,129	1,508,098	1,189,135	869,598	703,560	635,868	583,198	525,363	425,609	416,001	401,509	267,525
total shareholders funds	4,663,113	3,507,437	2,205,129	1,508,098	1,189,135	869,598	703,560	635,868	583,198	525,363	425,609	416,001	401,509	267,525

	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	1,360,411	1,615,584	894,819	420,256	392,651	204,307	84,203	64,664	72,018	128,704	12,076	19,374	185,945	371,556
Depreciation	58,604	60,042	58,049	52,890	46,798	38,453	45,394	30,736	26,259	21,865	19,460	10,791	23,870	14,827
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	8,333
Tax	-271,084	-305,480	-163,501	-74,818	-74,953	-38,947	-16,923	-13,167	-15,374	-29,797	-3,034	-5,092	-52,066	-104,037
Stock	158,533	25,016	-90,000	170,000	2,001	42,000	0	58,880	5,844	2,533	-46,047	-45,211	0	200,000
Debtors	540,957	869,745	200,143	351,339	-63,224	254,397	-421,976	58,782	6,352	65,915	109,102	-47,953	239,102	165,390
Creditors	80,867	-137,408	428,251	-870,827	-148,872	1,133,932	-31,906	-174,359	48,279	28,886	136,512	-37,770	114,449	132,929
Accruals and Deferred Income	269,454	-415,816	669,869	26,263	186,773	-589,458	558,102	108,847	0	0	0	0	0	0
Deferred Taxes & Provisions	15,580	890	3,096	9,035	96	1,428	9,425	3,396	5,085	-1,362	2,042	-128	-1,484	4,201
Cash flow from operations	814,342	-76,949	1,780,440	-958,540	463,716	453,318	1,070,271	-97,545	124,071	79,848	104,001	80,339	31,612	62,419
Investing Activities
capital expenditure	-62,411	994,880	-73,529	-71,163	-46,695	-1,017,772	-1,164,367	-44,167	-39,441	-29,079	-45,467	28,444	-50,999	-67,639
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-62,411	994,880	-73,529	-71,163	-46,695	-1,017,772	-1,164,367	-44,167	-39,441	-29,079	-45,467	28,444	-50,999	-67,639
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-390,192	1,321	-171,934	560,805	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	-71,991	209,521	-828,750	828,750	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	34,177	-43,989	-39,913	36,092	-16,698	-8,241	46,752	47,701	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-25,223	18,109	7,114
share issue	0	0	0	0	0	0	0	0	0	0	0	0	99	1
interest	66,349	-7,797	-34,287	-26,474	1,839	678	412	1,173	1,191	847	567	209	7	5
cash flow from financing	28,535	157,735	-1,293,142	839,689	-186,793	553,242	47,164	48,874	1,191	847	567	-25,014	18,215	7,120
cash and cash equivalents
cash	799,048	851,976	629,189	-141,265	230,228	-11,212	-46,932	-92,838	85,821	51,616	58,975	83,895	-1,173	1,900
overdraft	18,582	-223,691	215,420	48,750	0	0	0	0	0	0	-125	125	0	0
change in cash	780,466	1,075,667	413,769	-190,015	230,228	-11,212	-46,932	-92,838	85,821	51,616	59,100	83,770	-1,173	1,900

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOBAL OFFICE FURNITURE SOLUTIONS LTD. group structure

Global Office Furniture Solutions Ltd. has no subsidiary companies.

Ultimate parent company

L B & A B HOLDINGS LIMITED

12345663

1 parent

GLOBAL OFFICE FURNITURE SOLUTIONS LTD.

05844973

GLOBAL OFFICE FURNITURE SOLUTIONS LTD. Shareholders

l b & a b holdings ltd

100%

Global Office Furniture Solutions Ltd. currently has 2 directors. The longest serving directors include Mr Lee Bolson (Jun 2006) and Mrs Alison Bolson (Oct 2013).

officer	country	age	start	end	role
Mr Lee Bolson	United Kingdom	55 years	Jun 2006	-	Director
Mrs Alison Bolson	United Kingdom	49 years	Oct 2013	-	Director

P&L

March 2023

turnover

3.4m

+19%

operating profit

1.4m

gross margin

33.9%

-1.04%

turnover

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

Balance Sheet

March 2023

net assets

4.7m

+0.33%

total assets

6.5m

+0.3%

cash

2.5m

+0.47%

net assets

Total assets minus all liabilities

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company number

05844973

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

46470 - Wholesale of furniture, carpets and lighting equipment

incorporation date

June 2006

age

accounts

Total Exemption Full

ultimate parent company

L B & A B HOLDINGS LIMITED

previous names

N/A

incorporated

address

5th floor waverley house, 115 - 119 holdenhurst road, bournemouth, dorset, BH8 8DY

last accounts submitted

March 2023

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 2 charges/mortgages relating to global office furniture solutions ltd.. Currently there are 0 open charges and 2 have been satisfied in the past.

global office furniture solutions ltd. Company Information

global office furniture solutions ltd. Estimated Valuation

global office furniture solutions ltd. Estimated Valuation

global office furniture solutions ltd. Estimated Valuation

Global Office Furniture Solutions Ltd. Overview

Global Office Furniture Solutions Ltd. Health Check

GLOBAL OFFICE FURNITURE SOLUTIONS LTD. financials

global office furniture solutions ltd. Credit Report and Business Information

Global Office Furniture Solutions Ltd. Competitor Analysis

global office furniture solutions ltd. Ownership

global office furniture solutions ltd. directors

global office furniture solutions ltd. company details

global office furniture solutions ltd. Charges & Mortgages

global office furniture solutions ltd. Companies House Filings - See Documents