Hi-fi House Limited

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hi-fi house limited Company Information

Live

EstablishedSmallHigh

Company Number

07090329

Next Accounts

19 days late

Industry

Undifferentiated goods-producing activities of private households for own use

Directors

Russell Merridew

Lucas Merridew

Shareholders

lucas merridew

russell merridew

Group Structure

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Contact

Registered Address

312 charminster road, bournemouth, BH8 9RT

Website

www.hifihouse.co.uk

hi-fi house limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HI-FI HOUSE LIMITED at £0 based on a Turnover of £1.2m and 0x industry multiple (adjusted for size and gross margin).

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Hi-fi House Limited is a live company located in bournemouth, BH8 9RT with a Companies House number of 07090329. It operates in the undifferentiated goods-producing activities of private households for own use sector, SIC Code 98100. Founded in November 2009, it's largest shareholder is lucas merridew with a 50% stake. Hi-fi House Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.

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Pomanda's financial health check has awarded Hi-Fi House Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

3 Weak

Size

annual sales of £1.2m, make it larger than the average company (£142.4k)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (5.8%)

EXPORT

Hi-Fi House Limited's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of -£55.4 thousand. According to their latest financial statements, Hi-Fi House Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Turnover	1,169,569	1,708,527	862,976	559,117	530,163	829,787	0	3,325	330,784	1,019	10,885	25,604	5,848
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	391,179	375,075	238,801	180,186	0	0	225,551	25	7,476	37,325	4,604
Gross Profit	1,169,569	1,708,527	471,797	184,042	291,362	649,601	0	0	105,233	994	3,409	-11,721	1,244
Admin Expenses	1,165,641	1,670,492	485,790	199,005	351,806	682,724	-6,354	-16,411	119,996	36,547	3,415	-4,499	-9,124
Operating Profit	3,928	38,035	-13,993	-14,963	-60,444	-33,123	6,354	16,411	-14,763	-35,553	-6	-7,222	10,368
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	25	18	18	14	11	20	60	45
Pre-Tax Profit	3,928	38,035	-13,993	-14,963	-60,444	-33,098	6,373	16,429	-14,749	-35,542	13	-7,162	10,413
Tax	-746	-7,227	0	0	0	0	-1,274	-3,286	0	0	-3	0	-2,915
Profit After Tax	3,182	30,808	-13,993	-14,963	-60,444	-33,098	5,098	13,143	-14,749	-35,542	10	-7,162	7,497
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,182	30,808	-13,993	-14,963	-60,444	-33,098	5,098	13,143	-14,749	-35,542	10	-7,162	7,497
Employee Costs	0	0	0	0	0	0	0	0	0	0	24,239	95,470	14,543
Number Of Employees	1	1	1	1	1	24	0	1	9	1	1	4	1
EBITDA*	3,928	38,035	-13,993	-14,963	-60,444	-33,123	6,354	16,411	-14,763	-35,553	-6	-7,222	10,368

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Tangible Assets	0	0	0	0	70,680	15,450	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	9,800	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	70,680	15,450	9,800	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	76,148	72,585	75,155	89,764	119,767	48,989	3,621
Trade Debtors	173,609	176,026	156,638	150,542	97,833	122,556	0	853	279	365	126	87	0
Group Debtors	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
Cash	0	0	0	0	0	0	10,133	4,330	2,849	2,588	1,863	5,936	17,910
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	173,609	176,026	156,638	150,542	97,833	122,556	86,281	77,768	78,283	92,717	121,756	55,012	21,531
total assets	173,609	176,026	156,638	150,542	168,513	138,006	96,081	77,768	78,283	92,717	121,756	55,012	21,531
Bank overdraft	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
Trade Creditors	167,817	165,714	176,489	176,409	228,957	202,809	127,686	114,471	128,129	127,814	121,311	54,577	13,934
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	167,817	165,714	176,489	176,409	228,957	202,809	127,686	114,471	128,129	127,814	121,311	54,577	13,934
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	61,202	68,904	69,549	49,540	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	61,202	68,904	69,549	49,540	0	0	0	0	0	0	0	0	0
total liabilities	229,019	234,618	246,038	225,949	228,957	202,809	127,686	114,471	128,129	127,814	121,311	54,577	13,934
net assets	-55,410	-58,592	-89,400	-75,407	-60,444	-64,803	-31,605	-36,703	-49,846	-35,097	445	435	7,597
total shareholders funds	-55,410	-58,592	-89,400	-75,407	-60,444	-64,803	-31,605	-36,703	-49,846	-35,097	445	435	7,597

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010
Operating Activities
Operating Profit	3,928	38,035	-13,993	-14,963	-60,444	-33,123	6,354	16,411	-14,763	-35,553	-6	-7,222	10,368
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-746	-7,227	0	0	0	0	-1,274	-3,286	0	0	-3	0	-2,915
Stock	0	0	0	0	0	-76,148	3,563	-2,570	-14,609	-30,003	70,778	45,368	3,621
Debtors	-2,417	19,388	6,096	52,709	97,833	122,556	-853	574	-86	239	39	87	0
Creditors	2,103	-10,775	80	-52,548	228,957	75,123	13,215	-13,658	315	6,503	66,734	40,643	13,934
Accruals and Deferred Income	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
Cash flow from operations	7,702	645	-20,009	-120,220	70,680	-4,408	15,585	1,463	247	714	-4,092	-12,034	17,766
Investing Activities
capital expenditure	0	0	0	70,680	-70,680	-15,450	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	-9,800	9,800	0	0	0	0	0	0
cash flow from investments	0	0	0	70,680	-70,680	-5,650	-9,800	0	0	0	0	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-7,702	-645	20,009	49,540	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	25	18	18	14	11	20	60	45
cash flow from financing	-7,702	-645	20,009	49,540	0	-75	18	18	14	11	20	60	145
cash and cash equivalents
cash	0	0	0	0	0	-10,133	5,803	1,481	261	725	-4,073	-11,974	17,910
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-10,133	5,803	1,481	261	725	-4,073	-11,974	17,910

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 hi-fi house limited by selecting its closest rivals, whether from the ACTIVITIES OF HOUSEHOLDS AS EMPLOYERS; UNDIFFERENTIATED GOODS-AND SERVICES-PRODUCING ACTIVITIES OF HOUSEHOLDS FOR OWN USE sector, other small companies, companies in BH8 area or any other competitors across 12 key performance metrics.

HI-FI HOUSE LIMITED group structure

Hi-Fi House Limited has no subsidiary companies.

Ultimate parent company

HI-FI HOUSE LIMITED

07090329

HI-FI HOUSE LIMITED Shareholders

lucas merridew	50%
russell merridew	50%

Hi-Fi House Limited currently has 2 directors. The longest serving directors include Mr Russell Merridew (Nov 2009) and Mr Lucas Merridew (Nov 2009).

officer	country	age	start	end	role
Mr Russell Merridew	United Kingdom	63 years	Nov 2009	-	Director
Mr Lucas Merridew	United Kingdom	32 years	Nov 2009	-	Director

P&L

March 2023

turnover

1.2m

-32%

operating profit

3.9k

gross margin

100%

turnover

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

Balance Sheet

March 2023

net assets

-55.4k

-0.05%

total assets

173.6k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

07090329

Type

Private limited with Share Capital

industry

98100 - Undifferentiated goods-producing activities of private households for own use

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

312 charminster road, bournemouth, BH8 9RT

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 hi-fi house limited.

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hi-fi house limited Company Information

hi-fi house limited Estimated Valuation

hi-fi house limited Estimated Valuation

hi-fi house limited Estimated Valuation

Hi-fi House Limited Overview

Hi-fi House Limited Health Check

HI-FI HOUSE LIMITED financials

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hi-fi house limited Ownership

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