Abington Stores Limited

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abington stores limited Company Information

Dissolved

Company Number

06990490

Website

Registered Address

101 wanstead park road, ilford, essex, IG1 3TH

Industry

Retail sale in non-specialised stores with food, beverages or tobacco predominating

Telephone

01223891271

Next Accounts Due

May 2024

Group Structure

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Directors

Baldip Singh14 Years

Shareholders

ravinder kaur sangha 40%

baldip singh 30%

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abington stores limited Estimated Valuation

£223.9k

Pomanda estimates the enterprise value of ABINGTON STORES LIMITED at £223.9k based on a Turnover of £1.1m and 0.21x industry multiple (adjusted for size and gross margin).

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Abington Stores Limited is a dissolved company that was located in essex, IG1 3TH with a Companies House number of 06990490. It operated in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in August 2009, it's largest shareholder was ravinder kaur sangha with a 40% stake. The last turnover for Abington Stores Limited was estimated at £1.1m.

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Pomanda's financial health check has awarded Abington Stores Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £1.1m, make it in line with the average company (£996.3k)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABINGTON STORES LIMITED group structure

Abington Stores Limited has no subsidiary companies.

Ultimate parent company

ABINGTON STORES LIMITED

06990490

ABINGTON STORES LIMITED Shareholders

ravinder kaur sangha	40%
baldip singh	30%
jagraj singh sangha	10%
harpal singh sangha	10%
jagpal singh sangha	10%

Abington Stores Limited currently has 1 director, Mr Baldip Singh serving since Aug 2009.

officer	country	age	start	end	role
Mr Baldip Singh	United Kingdom	56 years	Aug 2009	-	Director

EXPORT

Abington Stores Limited's latest turnover from April 2019 is estimated at £1.1 million and the company has net assets of £63.7 thousand. According to their latest financial statements, we estimate that Abington Stores Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,060,165	936,234	962,616	1,406,960	1,732,135	1,582,050	400,834	358,387	402,281	415,819
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	893,989	790,546	798,622	1,173,797	1,450,908	1,328,515	335,576	300,124	335,571	348,218
Gross Profit	166,176	145,688	163,994	233,163	281,228	253,535	65,258	58,263	66,711	67,602
Admin Expenses	138,341	173,060	173,496	235,484	279,833	249,903	39,591	39,443	10,788	66,788
Operating Profit	27,835	-27,372	-9,502	-2,321	1,395	3,632	25,667	18,820	55,923	814
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	81	105	82	96	37
Pre-Tax Profit	27,835	-27,372	-9,502	-2,321	1,395	3,713	25,771	18,903	56,019	851
Tax	-5,289	0	0	0	-279	-780	-5,927	-4,537	-14,565	-238
Profit After Tax	22,546	-27,372	-9,502	-2,321	1,116	2,933	19,844	14,366	41,454	613
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	22,546	-27,372	-9,502	-2,321	1,116	2,933	19,844	14,366	41,454	613
Employee Costs	96,786	83,311	89,721	130,811	154,961	130,194	36,753	35,722	36,320	47,843
Number Of Employees	7	6	7	10	12	10	3	3	3	4
EBITDA*	27,835	-27,372	-9,502	-2,321	1,395	3,632	41,054	33,797	72,175	12,303

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	32,472	43,296	56,805	60,840	48,727	65,284	34,065	29,935	33,757	19,470
Intangible Assets	0	0	0	0	0	0	20,000	25,000	30,000	35,000
Investments & Other	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
Total Fixed Assets	32,472	43,296	56,805	60,840	48,727	65,284	54,065	54,935	63,757	54,470
Stock & work in progress	0	0	0	0	0	0	40,220	37,650	27,110	23,340
Trade Debtors	131,313	96,202	78,474	70,373	87,559	81,805	8,110	7,400	7,500	4,609
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	32,414	9,450	23,512	14,840
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	131,313	96,202	78,474	70,373	87,559	81,805	80,744	54,500	58,122	42,789
total assets	163,785	139,498	135,279	131,213	136,286	147,089	134,809	109,435	121,879	97,259
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	100,108	98,367	66,776	53,208	55,960	67,879	58,432	53,000	79,810	96,644
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	100,108	98,367	66,776	53,208	55,960	67,879	58,432	53,000	79,810	96,644
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0
total liabilities	100,108	98,367	66,776	53,208	55,960	67,879	58,432	53,000	79,810	96,644
net assets	63,677	41,131	68,503	78,005	80,326	79,210	76,377	56,435	42,069	615
total shareholders funds	63,677	41,131	68,503	78,005	80,326	79,210	76,377	56,435	42,069	615

	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	27,835	-27,372	-9,502	-2,321	1,395	3,632	25,667	18,820	55,923	814
Depreciation	0	0	0	0	0	0	10,387	9,977	11,252	6,489
Amortisation	0	0	0	0	0	0	5,000	5,000	5,000	5,000
Tax	-5,289	0	0	0	-279	-780	-5,927	-4,537	-14,565	-238
Stock	0	0	0	0	0	-40,220	2,570	10,540	3,770	23,340
Debtors	35,111	17,728	8,101	-17,186	5,754	73,695	710	-100	2,891	4,609
Creditors	1,741	31,591	13,568	-2,752	-11,919	9,447	5,432	-26,810	-16,834	96,644
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-10,824	-13,509	-4,035	12,113	-16,557	-21,176	37,279	-7,990	34,115	80,760
Investing Activities
capital expenditure	10,824	13,509	4,035	-12,113	16,557	-11,219	-14,517	-6,155	-25,539	-65,959
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	10,824	13,509	4,035	-12,113	16,557	-11,219	-14,517	-6,155	-25,539	-65,959
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-100	98	0	0	2
interest	0	0	0	0	0	81	105	82	96	37
cash flow from financing	0	0	0	0	0	-19	203	82	96	39
cash and cash equivalents
cash	0	0	0	0	0	-32,414	22,964	-14,062	8,672	14,840
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-32,414	22,964	-14,062	8,672	14,840

P&L

April 2019

turnover

1.1m

+13%

operating profit

27.8k

gross margin

15.7%

+0.73%

turnover

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

Balance Sheet

April 2019

net assets

63.7k

+0.55%

total assets

163.8k

+0.17%

cash

net assets

Total assets minus all liabilities

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company number

06990490

Type

Private limited with Share Capital

industry

47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

incorporation date

August 2009

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

101 wanstead park road, ilford, essex, IG1 3TH

last accounts submitted

April 2019

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 abington stores limited.

abington stores limited Company Information

abington stores limited Estimated Valuation

abington stores limited Estimated Valuation

abington stores limited Estimated Valuation

Abington Stores Limited AI Business Plan

Abington Stores Limited Overview

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ABINGTON STORES LIMITED financials

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