Classic Fireplaces (n/e) Limited

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classic fireplaces (n/e) limited Company Information

Live

EstablishedMicroLow

Company Number

06636922

Website

http://helpinghandsdomesticcleaningserv

Registered Address

classic fireplaces, westfield avenue, newcastle upon tyne, NE13 7EG

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

01912171222

Next Accounts Due

May 2025

Group Structure

View All

Directors

Gregory Bowman16 Years

Victor Shields16 Years

Shareholders

mr gregory joseph bowman 50%

victor holland shields 50%

classic fireplaces (n/e) limited Estimated Valuation

£343.8k

Pomanda estimates the enterprise value of CLASSIC FIREPLACES (N/E) LIMITED at £343.8k based on Net Assets of £106.4k and 3.23x industry multiple (adjusted for liquidity).

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Classic Fireplaces (n/e) Limited is a live company located in newcastle upon tyne, NE13 7EG with a Companies House number of 06636922. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in July 2008, it's largest shareholder is mr gregory joseph bowman with a 50% stake. Classic Fireplaces (n/e) Limited is a established, micro sized company, Pomanda has estimated its turnover at £177.5k with low growth in recent years.

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Pomanda's financial health check has awarded Classic Fireplaces (N/E) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £177.5k, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.3%)

EXPORT

Classic Fireplaces (N/E) Limited's latest turnover from August 2023 is estimated at £177.5 thousand and the company has net assets of £106.4 thousand. According to their latest financial statements, Classic Fireplaces (N/E) Limited has 2 employees and maintains cash reserves of £46.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	177,457	160,323	145,379	160,799	164,869	295,451	294,315	672,722	826,877	279,999	213,336	168,490	234,247	322,640	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	126,164	111,436	106,733	117,747	118,230	197,144	189,788	491,838	604,516	210,016	156,312	122,035	169,525	232,124	0
Gross Profit	51,293	48,887	38,646	43,052	46,639	98,307	104,527	180,884	222,360	69,983	57,024	46,454	64,722	90,516	0
Admin Expenses	52,488	49,682	32,094	33,616	38,696	73,172	83,292	174,380	225,530	54,406	40,868	49,579	48,404	82,570	-38,590
Operating Profit	-1,195	-795	6,552	9,436	7,943	25,135	21,235	6,504	-3,170	15,577	16,156	-3,125	16,318	7,946	38,590
Interest Payable	0	0	0	0	0	737	614	0	0	0	0	0	0	0	0
Interest Receivable	2,107	724	35	14	44	0	0	0	9	16	11	15	11	19	18
Pre-Tax Profit	912	-71	6,586	9,451	7,988	24,398	20,621	6,504	-3,161	15,592	16,168	-3,110	16,328	7,965	38,608
Tax	-228	0	-1,251	-1,796	-1,518	-6,002	0	-1,301	0	-3,274	-3,719	0	-4,245	-2,230	-10,810
Profit After Tax	684	-71	5,335	7,655	6,470	18,396	20,621	5,203	-3,161	12,318	12,449	-3,110	12,083	5,735	27,798
Dividends Paid	0	0	0	0	0	14,000	8,000	0	0	0	0	0	0	0	0
Retained Profit	684	-71	5,335	7,655	6,470	4,396	12,621	5,203	-3,161	12,318	12,449	-3,110	12,083	5,735	27,798
Employee Costs	49,816	46,141	45,350	43,466	43,795	43,097	41,685	83,059	76,467	39,405	19,800	20,170	36,013	37,832	0
Number Of Employees	2	2	2	2	2	2	2	4	4	2	1	1	2	2	0
EBITDA*	1,043	1,713	8,460	11,659	14,120	37,371	34,566	6,504	-3,170	23,935	26,188	1,677	21,361	9,305	44,365

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	11,683	13,921	14,949	16,857	18,529	24,707	36,942	12,334	21,764	13,927	18,465	2,840	3,642	4,685	6,044
Intangible Assets	0	0	0	0	0	0	0	0	0	16,000	20,000	24,000	28,000	32,000	36,000
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	11,683	13,921	14,949	16,857	18,529	24,707	36,942	12,334	21,764	29,927	38,465	26,840	31,642	36,685	42,044
Stock & work in progress	51,678	49,042	60,849	77,205	99,192	90,311	92,884	0	0	83,970	87,327	75,073	67,540	58,338	66,776
Trade Debtors	44,277	49,001	44,135	33,224	32,367	29,265	20,915	123,337	125,679	35,072	20,549	10,988	25,565	45,737	21,587
Group Debtors	0	0	0	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	0	0	0
Cash	46,776	37,520	45,225	23,851	4,980	6,848	4,950	0	0	3,591	2,629	1,869	4,002	250	7,310
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	142,731	135,563	150,209	134,280	136,539	126,424	118,749	123,337	125,679	122,633	110,505	87,930	97,107	104,325	95,673
total assets	154,414	149,484	165,158	151,137	155,068	151,131	155,691	135,671	147,443	152,560	148,970	114,770	128,749	141,010	137,717
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	48,009	43,763	59,366	50,680	62,266	63,277	63,999	66,356	83,331	84,171	82,951	72,262	83,131	107,475	109,917
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	48,009	43,763	59,366	50,680	62,266	63,277	63,999	66,356	83,331	84,171	82,951	72,262	83,131	107,475	109,917
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	1,522	9,756	0	0	1,114	11,062	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	1,522	9,756	0	0	1,114	11,062	0	0	0	0
total liabilities	48,009	43,763	59,366	50,680	62,266	64,799	73,755	66,356	83,331	85,285	94,013	72,262	83,131	107,475	109,917
net assets	106,405	105,721	105,792	100,457	92,802	86,332	81,936	69,315	64,112	67,275	54,957	42,508	45,618	33,535	27,800
total shareholders funds	106,405	105,721	105,792	100,457	92,802	86,332	81,936	69,315	64,112	67,275	54,957	42,508	45,618	33,535	27,800

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-1,195	-795	6,552	9,436	7,943	25,135	21,235	6,504	-3,170	15,577	16,156	-3,125	16,318	7,946	38,590
Depreciation	2,238	2,508	1,908	2,223	6,177	8,236	9,331	0	0	4,358	6,032	802	1,043	1,359	1,775
Amortisation	0	0	0	0	0	4,000	4,000	0	0	4,000	4,000	4,000	4,000	0	4,000
Tax	-228	0	-1,251	-1,796	-1,518	-6,002	0	-1,301	0	-3,274	-3,719	0	-4,245	-2,230	-10,810
Stock	2,636	-11,807	-16,356	-21,987	8,881	-2,573	92,884	0	-83,970	-3,357	12,254	7,533	9,202	-8,438	66,776
Debtors	-4,724	4,866	10,911	857	3,102	8,350	-102,422	-2,342	90,607	14,523	9,561	-14,577	-20,172	24,150	21,587
Creditors	4,246	-15,603	8,686	-11,586	-1,011	-722	-2,357	-16,975	-840	1,220	10,689	-10,869	-24,344	-2,442	109,917
Accruals and Deferred Income	0	0	0	0	0	0	0	0	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	7,149	-6,949	21,340	19,407	-392	24,870	41,747	-9,430	-10,647	10,715	11,343	-2,148	3,742	-11,079	55,109
Investing Activities
capital expenditure	0	-1,480	0	-551	1	-1	-37,939	9,430	8,163	180	-21,657	0	0	4,000	-47,819
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1,480	0	-551	1	-1	-37,939	9,430	8,163	180	-21,657	0	0	4,000	-47,819
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	-1,522	-8,234	9,756	0	-1,114	-9,948	11,062	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-2	0	0	0	0	0	2
interest	2,107	724	35	14	44	-737	-614	0	9	16	11	15	11	19	18
cash flow from financing	2,107	724	35	14	-1,478	-8,971	9,142	0	-1,107	-9,932	11,073	15	11	19	20
cash and cash equivalents
cash	9,256	-7,705	21,374	18,871	-1,868	1,898	4,950	0	-3,591	962	760	-2,133	3,752	-7,060	7,310
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	9,256	-7,705	21,374	18,871	-1,868	1,898	4,950	0	-3,591	962	760	-2,133	3,752	-7,060	7,310

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 classic fireplaces (n/e) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NE13 area or any other competitors across 12 key performance metrics.

CLASSIC FIREPLACES (N/E) LIMITED group structure

Classic Fireplaces (N/E) Limited has no subsidiary companies.

Ultimate parent company

CLASSIC FIREPLACES (N/E) LIMITED

06636922

CLASSIC FIREPLACES (N/E) LIMITED Shareholders

mr gregory joseph bowman	50%
victor holland shields	50%

Classic Fireplaces (N/E) Limited currently has 2 directors. The longest serving directors include Mr Gregory Bowman (Jul 2008) and Mr Victor Shields (Jul 2008).

officer	country	age	start	end	role
Mr Gregory Bowman		73 years	Jul 2008	-	Director
Mr Victor Shields		68 years	Jul 2008	-	Director

P&L

August 2023

turnover

177.5k

+11%

operating profit

-1.2k

gross margin

29%

-5.21%

turnover

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

Balance Sheet

August 2023

net assets

106.4k

+0.01%

total assets

154.4k

+0.03%

cash

46.8k

+0.25%

net assets

Total assets minus all liabilities

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company number

06636922

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

July 2008

ultimate parent company

None

previous names

N/A

address

classic fireplaces, westfield avenue, newcastle upon tyne, NE13 7EG

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 classic fireplaces (n/e) limited.

classic fireplaces (n/e) limited Company Information

classic fireplaces (n/e) limited Estimated Valuation

classic fireplaces (n/e) limited Estimated Valuation

classic fireplaces (n/e) limited Estimated Valuation

Classic Fireplaces (n/e) Limited Overview

Classic Fireplaces (n/e) Limited Health Check

CLASSIC FIREPLACES (N/E) LIMITED financials

classic fireplaces (n/e) limited Credit Report and Business Information

Classic Fireplaces (n/e) Limited Competitor Analysis

classic fireplaces (n/e) limited Ownership

classic fireplaces (n/e) limited directors

classic fireplaces (n/e) limited company details

classic fireplaces (n/e) limited Charges & Mortgages

classic fireplaces (n/e) limited Companies House Filings - See Documents