smiggle uk limited
smiggle uk limited Company Information
Company Number
06720710
Next Accounts
Apr 2025
Shareholders
just uk international ltd
Group Structure
View All
Industry
Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
Registered Address
10 john street, london, WC1N 2EB
Website
www.smiggle.co.uksmiggle uk limited Estimated Valuation
Pomanda estimates the enterprise value of SMIGGLE UK LIMITED at £60m based on a Turnover of £57.4m and 1.05x industry multiple (adjusted for size and gross margin).
smiggle uk limited Estimated Valuation
Pomanda estimates the enterprise value of SMIGGLE UK LIMITED at £69.9m based on an EBITDA of £7.1m and a 9.87x industry multiple (adjusted for size and gross margin).
smiggle uk limited Estimated Valuation
Pomanda estimates the enterprise value of SMIGGLE UK LIMITED at £25.4m based on Net Assets of £9.8m and 2.59x industry multiple (adjusted for liquidity).
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Smiggle Uk Limited Overview
Smiggle Uk Limited is a live company located in london, WC1N 2EB with a Companies House number of 06720710. 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 October 2008, it's largest shareholder is just uk international ltd with a 100% stake. Smiggle Uk Limited is a established, large sized company, Pomanda has estimated its turnover at £57.4m with healthy growth in recent years.
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Smiggle Uk Limited Health Check
Pomanda's financial health check has awarded Smiggle Uk Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £57.4m, make it larger than the average company (£9.1m)
£57.4m - Smiggle Uk Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.8%)
4% - Smiggle Uk Limited
5.8% - Industry AVG
Production
with a gross margin of 61.5%, this company has a lower cost of product (41.3%)
61.5% - Smiggle Uk Limited
41.3% - Industry AVG
Profitability
an operating margin of 5.3% make it as profitable than the average company (5.1%)
5.3% - Smiggle Uk Limited
5.1% - Industry AVG
Employees
with 921 employees, this is above the industry average (43)
921 - Smiggle Uk Limited
43 - Industry AVG
Pay Structure
on an average salary of £11.2k, the company has a lower pay structure (£26.4k)
£11.2k - Smiggle Uk Limited
£26.4k - Industry AVG
Efficiency
resulting in sales per employee of £62.4k, this is less efficient (£146.3k)
£62.4k - Smiggle Uk Limited
£146.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Smiggle Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 80 days, this is slower than average (40 days)
80 days - Smiggle Uk Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 221 days, this is more than average (98 days)
221 days - Smiggle Uk Limited
98 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (23 weeks)
30 weeks - Smiggle Uk Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.1%, this is a higher level of debt than the average (58.7%)
75.1% - Smiggle Uk Limited
58.7% - Industry AVG
SMIGGLE UK LIMITED financials
Smiggle Uk Limited's latest turnover from July 2023 is £57.4 million and the company has net assets of £9.8 million. According to their latest financial statements, Smiggle Uk Limited has 921 employees and maintains cash reserves of £12.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 57,442,000 | 54,051,000 | 41,014,000 | 50,638,000 | 69,641,000 | 55,723,000 | 29,066,000 | 10,297,000 | 1,165,000 | |||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 22,144,000 | 20,432,000 | 15,772,000 | 19,000,000 | 19,659,000 | 13,445,000 | 6,563,000 | 2,083,000 | 369,000 | |||||
| Gross Profit | 35,298,000 | 33,619,000 | 25,242,000 | 31,638,000 | 49,982,000 | 42,278,000 | 22,503,000 | 8,214,000 | 796,000 | |||||
| Admin Expenses | 32,268,000 | 30,855,000 | 16,898,000 | 45,153,000 | 42,922,000 | 31,457,000 | 18,690,000 | 7,580,000 | 2,482,000 | |||||
| Operating Profit | 3,030,000 | 2,764,000 | 8,344,000 | -13,515,000 | 7,060,000 | 10,821,000 | 3,813,000 | 634,000 | -1,686,000 | |||||
| Interest Payable | 262,000 | 186,000 | 291,000 | 447,000 | ||||||||||
| Interest Receivable | 1,000 | 1,000 | 7,000 | 7,000 | 8,000 | |||||||||
| Pre-Tax Profit | 2,768,000 | 2,578,000 | 8,053,000 | -13,962,000 | 7,061,000 | 10,822,000 | 3,820,000 | 641,000 | -1,678,000 | |||||
| Tax | -434,000 | -484,000 | -1,087,000 | 845,000 | -1,331,000 | -2,314,000 | -491,000 | -129,000 | 334,000 | |||||
| Profit After Tax | 2,334,000 | 2,094,000 | 6,966,000 | -13,117,000 | 5,730,000 | 8,508,000 | 3,329,000 | 512,000 | -1,344,000 | |||||
| Dividends Paid | ||||||||||||||
| Retained Profit | 2,334,000 | 2,094,000 | 6,966,000 | -13,117,000 | 5,730,000 | 8,508,000 | 3,329,000 | 512,000 | -1,344,000 | |||||
| Employee Costs | 10,337,000 | 9,493,000 | 8,517,000 | 10,687,000 | 11,655,000 | 8,606,000 | 4,799,000 | 1,835,000 | 541,000 | |||||
| Number Of Employees | 921 | 815 | 785 | 929 | 1,038 | 795 | 481 | 159 | 42 | |||||
| EBITDA* | 7,075,000 | 7,310,000 | 14,629,000 | 9,822,000 | 9,974,000 | 12,449,000 | 4,838,000 | 1,002,000 | -1,598,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 179,000 | 67,000 | 15,240,000 | 21,789,000 | 26,940,000 | 19,909,000 | 14,156,000 | 5,997,000 | 2,506,000 | |||||
| Intangible Assets | 7,733,000 | 8,179,000 | ||||||||||||
| Investments & Other | 1,775,000 | 1,956,000 | 205,000 | |||||||||||
| Debtors (Due After 1 year) | 2,154,000 | 1,930,000 | ||||||||||||
| Total Fixed Assets | 9,687,000 | 10,202,000 | 13,086,000 | 19,859,000 | 26,940,000 | 19,909,000 | 14,156,000 | 6,202,000 | 2,506,000 | |||||
| Stock & work in progress | 13,467,000 | 11,448,000 | 11,145,000 | 10,672,000 | 11,110,000 | 9,439,000 | 5,488,000 | 1,966,000 | 1,102,000 | |||||
| Trade Debtors | ||||||||||||||
| Group Debtors | 930,000 | 135,000 | 593,000 | 333,000 | ||||||||||
| Misc Debtors | 3,410,000 | 2,298,000 | 224,000 | 488,000 | 269,000 | 451,000 | 140,000 | 4,000 | 351,000 | |||||
| Cash | 12,764,000 | 11,356,000 | 9,789,000 | 7,081,000 | 3,208,000 | 3,774,000 | 1,441,000 | 1,392,000 | 2,224,000 | |||||
| misc current assets | 457,000 | 445,000 | 1,920,000 | 848,000 | 1,900,000 | 194,000 | 50,000 | |||||||
| total current assets | 29,641,000 | 25,102,000 | 22,545,000 | 19,196,000 | 17,100,000 | 14,845,000 | 8,969,000 | 3,556,000 | 3,727,000 | |||||
| total assets | 39,328,000 | 35,304,000 | 35,631,000 | 39,055,000 | 44,040,000 | 34,754,000 | 23,125,000 | 9,758,000 | 6,233,000 | |||||
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 4,868,000 | 2,336,000 | 2,561,000 | 2,249,000 | 370,000 | 1,227,000 | 107,000 | 218,000 | 158,000 | |||||
| Group/Directors Accounts | 7,933,000 | 6,554,000 | ||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 3,846,000 | 3,848,000 | 8,309,000 | 10,941,000 | ||||||||||
| other current liabilities | 5,362,000 | 6,230,000 | 8,602,000 | 10,028,000 | 14,374,000 | 15,843,000 | 3,994,000 | 2,329,000 | 855,000 | |||||
| total current liabilities | 22,009,000 | 18,968,000 | 19,472,000 | 23,218,000 | 14,744,000 | 17,070,000 | 4,101,000 | 2,547,000 | 1,013,000 | |||||
| loans | 13,908,000 | 25,434,000 | 12,357,000 | 3,939,000 | 2,563,000 | |||||||||
| hp & lease commitments | 4,240,000 | 5,054,000 | 6,954,000 | 12,717,000 | ||||||||||
| Accruals and Deferred Income | 100,000 | 100,000 | 117,000 | 670,000 | 5,150,000 | 2,602,000 | 162,000 | 103,000 | ||||||
| other liabilities | ||||||||||||||
| provisions | 3,188,000 | 3,725,000 | 7,450,000 | 8,106,000 | 6,820,000 | 152,000 | 7,000 | |||||||
| total long term liabilities | 7,528,000 | 8,879,000 | 10,796,000 | 17,440,000 | 8,560,000 | 2,678,000 | 12,526,000 | 4,042,000 | 2,563,000 | |||||
| total liabilities | 29,537,000 | 27,847,000 | 30,268,000 | 40,658,000 | 23,304,000 | 19,748,000 | 16,627,000 | 6,589,000 | 3,576,000 | |||||
| net assets | 9,791,000 | 7,457,000 | 5,363,000 | -1,603,000 | 20,736,000 | 15,006,000 | 6,498,000 | 3,169,000 | 2,657,000 | |||||
| total shareholders funds | 9,791,000 | 7,457,000 | 5,363,000 | -1,603,000 | 20,736,000 | 15,006,000 | 6,498,000 | 3,169,000 | 2,657,000 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,030,000 | 2,764,000 | 8,344,000 | -13,515,000 | 7,060,000 | 10,821,000 | 3,813,000 | 634,000 | -1,686,000 | |||||
| Depreciation | 11,000 | 1,000 | 6,285,000 | 23,337,000 | 2,914,000 | 1,628,000 | 1,025,000 | 368,000 | 88,000 | |||||
| Amortisation | 4,034,000 | 4,545,000 | ||||||||||||
| Tax | -434,000 | -484,000 | -1,087,000 | 845,000 | -1,331,000 | -2,314,000 | -491,000 | -129,000 | 334,000 | |||||
| Stock | 2,019,000 | 303,000 | 473,000 | 10,672,000 | 1,671,000 | 3,951,000 | 3,522,000 | 864,000 | 1,102,000 | |||||
| Debtors | 1,112,000 | -1,010,000 | 755,000 | 2,553,000 | 78,000 | 644,000 | 136,000 | -347,000 | 351,000 | |||||
| Creditors | 2,532,000 | -225,000 | 312,000 | 2,249,000 | -857,000 | 1,120,000 | -111,000 | 60,000 | 158,000 | |||||
| Accruals and Deferred Income | -868,000 | -2,389,000 | -1,979,000 | 10,698,000 | 1,079,000 | 14,289,000 | 1,724,000 | 1,577,000 | 855,000 | |||||
| Deferred Taxes & Provisions | -537,000 | -3,725,000 | -656,000 | 8,106,000 | 6,668,000 | 145,000 | 7,000 | |||||||
| Cash flow from operations | 4,637,000 | 1,194,000 | 9,991,000 | 18,495,000 | 13,784,000 | 21,094,000 | 2,309,000 | 1,993,000 | -1,704,000 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -181,000 | 1,956,000 | -205,000 | 205,000 | ||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 1,379,000 | 6,554,000 | ||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -13,908,000 | -11,526,000 | 25,434,000 | -12,357,000 | 8,418,000 | 1,376,000 | 2,563,000 | |||||||
| Hire Purchase and Lease Commitments | -816,000 | -6,361,000 | -8,395,000 | 23,658,000 | ||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -262,000 | -186,000 | -291,000 | -447,000 | 1,000 | 1,000 | 7,000 | 7,000 | 8,000 | |||||
| cash flow from financing | 301,000 | -13,901,000 | -20,212,000 | 60,159,000 | 1,000 | -12,356,000 | 8,425,000 | 1,383,000 | 6,572,000 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | 1,408,000 | 1,567,000 | 2,708,000 | 7,081,000 | -566,000 | 2,333,000 | 49,000 | -832,000 | 2,224,000 | |||||
| overdraft | ||||||||||||||
| change in cash | 1,408,000 | 1,567,000 | 2,708,000 | 7,081,000 | -566,000 | 2,333,000 | 49,000 | -832,000 | 2,224,000 |
smiggle uk limited Credit Report and Business Information
Smiggle Uk Limited Competitor Analysis
Perform a competitor analysis for smiggle uk limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in WC1N area or any other competitors across 12 key performance metrics.
smiggle uk limited Ownership
SMIGGLE UK LIMITED group structure
Smiggle Uk Limited has no subsidiary companies.
Ultimate parent company
PREMIER INVESTMENTS LTD
#0042218
2 parents
SMIGGLE UK LIMITED
06720710
smiggle uk limited directors
Smiggle Uk Limited currently has 2 directors. The longest serving directors include Mr John Bryce (Dec 2016) and Mr Mark Middeldorf (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Bryce | Australia | 53 years | Dec 2016 | - | Director |
| Mr Mark Middeldorf | Australia | 52 years | Aug 2021 | - | Director |
P&L
July 2023turnover
57.4m
+6%
operating profit
3m
+10%
gross margin
61.5%
-1.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
9.8m
+0.31%
total assets
39.3m
+0.11%
cash
12.8m
+0.12%
net assets
Total assets minus all liabilities
smiggle uk limited company details
company number
06720710
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
October 2008
age
17
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
10 john street, london, WC1N 2EB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
smiggle uk limited Charges & Mortgages
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 smiggle uk limited. Currently there are 1 open charges and 0 have been satisfied in the past.
smiggle uk limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for SMIGGLE UK LIMITED. This can take several minutes, an email will notify you when this has completed.
smiggle uk limited Companies House Filings - See Documents
| date | description | view/download |
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