Specs At Home (midlands) Limited

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specs at home (midlands) limited Company Information

Company Number

06423169

Next Accounts

Jul 2025

Directors

Mohammad Karim

Shareholders

rahmana raja

akbar ali karim

Group Structure

View All

Industry

Other human health activities

Registered Address

249 wake green road, moseley, birmingham, B13 9XH

Website

specs at home (midlands) limited Estimated Valuation

£41.3k

Pomanda estimates the enterprise value of SPECS AT HOME (MIDLANDS) LIMITED at £41.3k based on a Turnover of £74.1k and 0.56x industry multiple (adjusted for size and gross margin).

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Specs At Home (midlands) Limited is a live company located in birmingham, B13 9XH with a Companies House number of 06423169. It operates in the other human health activities sector, SIC Code 86900. Founded in November 2007, it's largest shareholder is rahmana raja with a 70% stake. Specs At Home (midlands) Limited is a established, micro sized company, Pomanda has estimated its turnover at £74.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Specs At Home (Midlands) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £74.1k, make it smaller than the average company (£652.6k)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (6%)

EXPORT

Specs At Home (Midlands) Limited's latest turnover from October 2023 is estimated at £74.1 thousand and the company has net assets of £5.5 thousand. According to their latest financial statements, Specs At Home (Midlands) Limited has 2 employees and maintains cash reserves of £9.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Feb 2010
Turnover	74,088	77,317	70,603	92,046	61,452	47,986	52,978	51,026	215,233	109,361	194,820	195,290	297,503	274,768	66,326
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	45,284	47,791	46,494	59,257	39,291	31,097	32,807	31,412	134,608	68,157	121,046	117,886	171,515	154,516	3,009
Gross Profit	28,804	29,527	24,108	32,788	22,161	16,889	20,171	19,614	80,625	41,204	73,773	77,403	125,987	120,253	63,317
Admin Expenses	28,901	29,413	21,573	31,794	21,183	17,170	19,539	19,669	81,738	40,661	81,524	79,012	127,352	114,220	16,042
Operating Profit	-97	114	2,535	994	978	-281	632	-55	-1,113	543	-7,751	-1,609	-1,365	6,033	47,275
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36
Interest Receivable	424	182	14	15	90	77	16	26	88	66	122	132	113	84	0
Pre-Tax Profit	327	296	2,549	1,009	1,068	-204	648	-29	-1,025	609	-7,629	-1,477	-1,252	6,117	47,239
Tax	-82	-56	-484	-192	-203	0	-123	0	0	-128	0	0	0	-1,713	-9,965
Profit After Tax	245	240	2,065	817	865	-204	525	-29	-1,025	481	-7,629	-1,477	-1,252	4,404	37,274
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	34,000
Retained Profit	245	240	2,065	817	865	-204	525	-29	-1,025	481	-7,629	-1,477	-1,252	4,404	3,274
Employee Costs	51,938	48,805	47,000	45,925	22,632	21,737	21,554	20,476	127,695	65,502	129,897	129,205	191,894	167,472	38,468
Number Of Employees	2	2	2	2	1	1	1	1	6	3	6	6	9	8	2
EBITDA*	-97	888	2,984	1,473	1,490	359	1,134	501	-919	964	-7,225	-1,117	-750	6,669	47,846

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Feb 2010
Tangible Assets	2,477	3,096	1,794	1,914	2,050	2,562	2,010	2,222	1,751	1,682	2,103	1,969	2,461	2,546	2,282
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,477	3,096	1,794	1,914	2,050	2,562	2,010	2,222	1,751	1,682	2,103	1,969	2,461	2,546	2,282
Stock & work in progress	520	1,065	460	390	415	480	520	680	590	560	600	1,500	2,000	350	0
Trade Debtors	5,416	6,897	4,492	8,058	7,438	5,728	7,053	5,709	10,181	5,315	5,594	5,493	14,044	15,936	7,856
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,344	1,344	185	185	0	0	0	0	0	0	0	0	0	0	0
Cash	9,862	6,286	9,876	18,880	10,326	13,689	6,880	5,728	15,107	6,166	20,192	28,558	24,141	21,076	12,334
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,142	15,592	15,013	27,513	18,179	19,897	14,453	12,117	25,878	12,041	26,386	35,551	40,185	37,362	20,190
total assets	19,619	18,688	16,807	29,427	20,229	22,459	16,463	14,339	27,629	13,723	28,489	37,520	42,646	39,908	22,472
Bank overdraft	0	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	0
Trade Creditors	1,440	750	2,171	3,450	2,217	1,273	615	1,535	26,650	11,238	26,485	27,887	31,536	27,546	14,523
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	12,676	12,680	9,618	23,024	15,876	19,915	14,373	11,854	0	0	0	0	0	0	0
total current liabilities	14,116	13,430	11,789	26,474	18,093	21,188	14,988	13,389	26,650	11,238	26,485	27,887	31,536	27,546	14,523
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	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	0
total liabilities	14,116	13,430	11,789	26,474	18,093	21,188	14,988	13,389	26,650	11,238	26,485	27,887	31,536	27,546	14,523
net assets	5,503	5,258	5,018	2,953	2,136	1,271	1,475	950	979	2,485	2,004	9,633	11,110	12,362	7,949
total shareholders funds	5,503	5,258	5,018	2,953	2,136	1,271	1,475	950	979	2,485	2,004	9,633	11,110	12,362	7,949

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Feb 2010
Operating Activities
Operating Profit	-97	114	2,535	994	978	-281	632	-55	-1,113	543	-7,751	-1,609	-1,365	6,033	47,275
Depreciation	0	774	449	479	512	640	502	556	194	421	526	492	615	636	571
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-82	-56	-484	-192	-203	0	-123	0	0	-128	0	0	0	-1,713	-9,965
Stock	-545	605	70	-25	-65	-40	-160	90	-10	-40	-900	-500	1,650	350	0
Debtors	-1,481	3,564	-3,566	805	1,710	-1,325	1,344	-4,472	4,587	-279	101	-8,551	-1,892	8,080	7,856
Creditors	690	-1,421	-1,279	1,233	944	658	-920	-25,115	165	-15,247	-1,402	-3,649	3,990	13,023	14,523
Accruals and Deferred Income	-4	3,062	-13,406	7,148	-4,039	5,542	2,519	11,854	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,533	-1,696	-8,689	8,882	-3,453	7,924	1,426	-8,378	-5,331	-14,092	-7,828	4,285	3,482	9,549	44,548
Investing Activities
capital expenditure	619	-2,076	-329	-343	0	-1,192	-290	-1,027	158	0	-660	0	-530	-900	-2,853
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	619	-2,076	-329	-343	0	-1,192	-290	-1,027	158	0	-660	0	-530	-900	-2,853
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	9	4,675
interest	424	182	14	15	90	77	16	26	88	66	122	132	113	84	-36
cash flow from financing	424	182	14	15	90	77	16	26	88	66	122	132	113	93	4,639
cash and cash equivalents
cash	3,576	-3,590	-9,004	8,554	-3,363	6,809	1,152	-9,379	-5,085	-14,026	-8,366	4,417	3,065	8,742	12,334
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,576	-3,590	-9,004	8,554	-3,363	6,809	1,152	-9,379	-5,085	-14,026	-8,366	4,417	3,065	8,742	12,334

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 specs at home (midlands) limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in B13 area or any other competitors across 12 key performance metrics.

SPECS AT HOME (MIDLANDS) LIMITED group structure

Specs At Home (Midlands) Limited has no subsidiary companies.

Ultimate parent company

SPECS AT HOME (MIDLANDS) LIMITED

06423169

SPECS AT HOME (MIDLANDS) LIMITED Shareholders

rahmana raja	70%
akbar ali karim	30%

Specs At Home (Midlands) Limited currently has 1 director, Mr Mohammad Karim serving since Nov 2007.

officer	country	age	start	end	role
Mr Mohammad Karim	England	45 years	Nov 2007	-	Director

P&L

October 2023

turnover

74.1k

-4%

operating profit

-97.2

gross margin

38.9%

+1.8%

turnover

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

Balance Sheet

October 2023

net assets

5.5k

+0.05%

total assets

19.6k

+0.05%

cash

9.9k

+0.57%

net assets

Total assets minus all liabilities

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company number

06423169

Type

Private limited with Share Capital

industry

86900 - Other human health activities

incorporation date

November 2007

ultimate parent company

None

previous names

N/A

address

249 wake green road, moseley, birmingham, B13 9XH

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specs at home (midlands) limited Company Information

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specs at home (midlands) limited Estimated Valuation

specs at home (midlands) limited Estimated Valuation

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