Stock Sourcing Wholesale Ltd

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stock sourcing wholesale ltd Company Information

Company Number

06923580

Next Accounts

662 days late

Directors

Ashley Payne

James Forrest

Shareholders

james ralph forrest

ashley robert payne

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

c/o begbies traynor, town wall house, colchester, essex, CO3 3AD

Website

www.stocksourcing.com

stock sourcing wholesale ltd Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of STOCK SOURCING WHOLESALE LTD at £1.2m based on an EBITDA of £289.5k and a 3.99x industry multiple (adjusted for size and gross margin).

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Stock Sourcing Wholesale Ltd is a live company located in colchester, CO3 3AD with a Companies House number of 06923580. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2009, it's largest shareholder is james ralph forrest with a 50% stake. Stock Sourcing Wholesale Ltd is a established, small sized company, Pomanda has estimated its turnover at £748.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Stock Sourcing Wholesale Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £748.5k, make it smaller than the average company (£2.6m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (1.3%)

EXPORT

Stock Sourcing Wholesale Ltd's latest turnover from July 2021 is estimated at £748.5 thousand and the company has net assets of £107.7 thousand. According to their latest financial statements, Stock Sourcing Wholesale Ltd has 11 employees and maintains cash reserves of £80.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010
Turnover	748,492	461,281	818,116	1,180,783	1,387,167	793,819	435,214	453,339	391,985	887,561	556,367	295,378
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	475,028	286,239	512,263	738,970	858,904	490,776	274,844	291,672	252,732	556,864	340,054	176,416
Gross Profit	273,465	175,042	305,853	441,813	528,263	303,043	160,370	161,667	139,253	330,698	216,313	118,962
Admin Expenses	-5,256	292,810	326,692	402,848	524,520	417,879	207,085	159,344	165,562	355,016	185,988	118,815
Operating Profit	278,721	-117,768	-20,839	38,965	3,743	-114,836	-46,715	2,323	-26,309	-24,318	30,325	147
Interest Payable	10,205	4,257	0	0	0	0	0	0	0	0	0	0
Interest Receivable	95	55	0	0	0	0	0	0	0	52	68	17
Pre-Tax Profit	268,611	-121,970	-20,839	31,562	3,032	-114,835	-46,715	2,323	-26,309	-24,266	30,393	164
Tax	-51,036	0	0	0	0	0	0	-488	0	0	-7,902	-46
Profit After Tax	217,575	-121,970	-20,839	31,562	3,032	-114,835	-46,715	1,835	-26,309	-24,266	22,491	118
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	217,575	-121,970	-20,839	31,562	3,032	-114,835	-46,715	1,835	-26,309	-24,266	22,491	118
Employee Costs	471,433	292,291	292,602	152,178	204,763	157,053	149,906	150,472	110,641	257,841	179,465	105,963
Number Of Employees	11	7	7	9	11	7	4	4	3	7	5	3
EBITDA*	289,547	-117,768	-20,839	45,106	9,108	-110,027	-43,426	5,764	-23,310	-16,430	30,863	685

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010
Tangible Assets	113,474	89,973	96,836	103,327	95,404	85,365	77,529	58,243	59,398	16,089	1,076	1,614
Intangible Assets	0	0	0	0	0	0	0	0	0	0	19,500	0
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	113,474	89,973	96,836	103,327	95,404	85,365	77,529	58,243	59,398	16,089	20,576	1,614
Stock & work in progress	81,376	50,892	0	0	0	105,949	84,008	75,453	72,842	110,066	105,127	53,068
Trade Debtors	67,254	32,872	142,264	140,418	162,673	13,689	15,722	19,262	8,660	83,320	31,306	20,540
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	25,375	21,675	0	0	0	0	0	0	0	0	0	0
Cash	80,387	110,074	0	0	0	132	132	0	0	8	20,601	6,740
misc current assets	0	0	13,999	20,179	6,816	0	0	0	0	0	0	0
total current assets	254,392	215,513	156,263	160,597	169,489	119,770	99,862	94,715	81,502	193,394	157,034	80,348
total assets	367,866	305,486	253,099	263,924	264,893	205,135	177,391	152,958	140,900	209,483	177,610	81,962
Bank overdraft	0	29,363	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	56,502	29,273	41,700	132,986	89,783	137,517	116,606	117,125	114,384	178,481	154,999	81,842
Group/Directors Accounts	0	0	64,736	0	91,336	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	8,103	39,499	0	0	0	0	0	0	0	0	0	0
total current liabilities	64,605	98,135	106,436	132,986	181,119	137,517	116,606	117,125	114,384	178,481	154,999	81,842
loans	195,000	110,217	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	578	57,026	151,087	114,523	97,421	82,797	9,128	34,962	25,980	32,657	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	195,578	167,243	151,087	114,523	97,421	82,797	9,128	34,962	25,980	32,657	0	0
total liabilities	260,183	265,378	257,523	247,509	278,540	220,314	125,734	152,087	140,364	211,138	154,999	81,842
net assets	107,683	40,108	-4,424	16,415	-13,647	-15,179	51,657	871	536	-1,655	22,611	120
total shareholders funds	107,683	40,108	-4,424	16,415	-13,647	-15,179	51,657	871	536	-1,655	22,611	120

	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010
Operating Activities
Operating Profit	278,721	-117,768	-20,839	38,965	3,743	-114,836	-46,715	2,323	-26,309	-24,318	30,325	147
Depreciation	10,826	0	0	6,141	5,365	4,809	3,289	3,441	2,999	1,388	538	538
Amortisation	0	0	0	0	0	0	0	0	0	6,500	0	0
Tax	-51,036	0	0	0	0	0	0	-488	0	0	-7,902	-46
Stock	30,484	50,892	0	0	-105,949	21,941	8,555	2,611	-37,224	4,939	52,059	53,068
Debtors	38,082	-87,717	1,846	-22,255	148,984	-2,033	-3,540	10,602	-74,660	52,014	10,766	20,540
Creditors	27,229	-12,427	-91,286	43,203	-47,734	20,911	-519	2,741	-64,097	23,482	73,157	81,842
Accruals and Deferred Income	-31,396	39,499	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
Cash flow from operations	165,778	-53,871	-113,971	110,564	-81,661	-109,024	-48,960	-5,196	24,477	-49,901	33,293	8,873
Investing Activities
capital expenditure	-34,327	6,863	6,491	-14,064	-15,404	-12,645	-22,575	-2,286	-46,308	-3,401	-19,500	-2,152
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-34,327	6,863	6,491	-14,064	-15,404	-12,645	-22,575	-2,286	-46,308	-3,401	-19,500	-2,152
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-64,736	64,736	-91,336	91,336	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	84,783	110,217	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
other long term liabilities	-56,448	-94,061	36,564	17,102	14,624	73,669	-25,834	8,982	-6,677	32,657	0	0
share issue	-150,000	166,502	0	-1,500	-1,500	47,999	97,501	-1,500	28,500	0	0	2
interest	-10,110	-4,202	0	0	0	0	0	0	0	52	68	17
cash flow from financing	-131,775	113,720	101,300	-75,734	104,460	121,668	71,667	7,482	21,823	32,709	68	19
cash and cash equivalents
cash	-29,687	110,074	0	0	-132	0	132	0	-8	-20,593	13,861	6,740
overdraft	-29,363	29,363	0	0	0	0	0	0	0	0	0	0
change in cash	-324	80,711	0	0	-132	0	132	0	-8	-20,593	13,861	6,740

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STOCK SOURCING WHOLESALE LTD group structure

Stock Sourcing Wholesale Ltd has no subsidiary companies.

Ultimate parent company

STOCK SOURCING WHOLESALE LTD

06923580

STOCK SOURCING WHOLESALE LTD Shareholders

james ralph forrest	50%
ashley robert payne	50%

Stock Sourcing Wholesale Ltd currently has 2 directors. The longest serving directors include Mr Ashley Payne (Jun 2009) and Mr James Forrest (Jun 2009).

officer	country	age	start	end	role
Mr Ashley Payne	United Kingdom	37 years	Jun 2009	-	Director
Mr James Forrest	England	43 years	Jun 2009	-	Director

P&L

July 2021

turnover

748.5k

+62%

operating profit

278.7k

gross margin

36.6%

-3.72%

turnover

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

Balance Sheet

July 2021

net assets

107.7k

+1.68%

total assets

367.9k

+0.2%

cash

80.4k

-0.27%

net assets

Total assets minus all liabilities

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company number

06923580

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2009

ultimate parent company

None

previous names

radix global limited (November 2013)

address

c/o begbies traynor, town wall house, colchester, essex, CO3 3AD

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 stock sourcing wholesale ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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stock sourcing wholesale ltd Company Information

stock sourcing wholesale ltd Estimated Valuation

stock sourcing wholesale ltd Estimated Valuation

stock sourcing wholesale ltd Estimated Valuation

Stock Sourcing Wholesale Ltd Overview

Stock Sourcing Wholesale Ltd Health Check

STOCK SOURCING WHOLESALE LTD financials

stock sourcing wholesale ltd Credit Report and Business Information

Stock Sourcing Wholesale Ltd Competitor Analysis

stock sourcing wholesale ltd Ownership

stock sourcing wholesale ltd directors

stock sourcing wholesale ltd company details

stock sourcing wholesale ltd Charges & Mortgages

stock sourcing wholesale ltd Capital Raised & Share Issues BETA

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