online art limited

3.5

online art limited Company Information

Share ONLINE ART LIMITED
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EstablishedSmallDeclining

Company Number

07380206

Registered Address

22 rowan walk, hornchurch, RM11 2JA

Industry

Other retail sale in non-specialised stores

 

Telephone

02079935479

Next Accounts Due

June 2025

Group Structure

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Directors

Suleyman Necati13 Years

Jayhun Necati11 Years

Shareholders

suleyman necati 100%

online art limited Estimated Valuation

£216.8k

Pomanda estimates the enterprise value of ONLINE ART LIMITED at £216.8k based on a Turnover of £565.4k and 0.38x industry multiple (adjusted for size and gross margin).

online art limited Estimated Valuation

£124.6k

Pomanda estimates the enterprise value of ONLINE ART LIMITED at £124.6k based on an EBITDA of £28.4k and a 4.39x industry multiple (adjusted for size and gross margin).

online art limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of ONLINE ART LIMITED at £1.5m based on Net Assets of £417.6k and 3.59x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from September 2023 

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Online Art Limited Overview

Online Art Limited is a live company located in hornchurch, RM11 2JA with a Companies House number of 07380206. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in September 2010, it's largest shareholder is suleyman necati with a 100% stake. Online Art Limited is a established, small sized company, Pomanda has estimated its turnover at £565.4k with declining growth in recent years.

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Online Art Limited Health Check

Pomanda's financial health check has awarded Online Art Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £565.4k, make it smaller than the average company (£1.8m)

£565.4k - Online Art Limited

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (4%)

-39% - Online Art Limited

4% - Industry AVG

production

Production

with a gross margin of 43.1%, this company has a comparable cost of product (43.1%)

43.1% - Online Art Limited

43.1% - Industry AVG

profitability

Profitability

an operating margin of 5% make it as profitable than the average company (5.5%)

5% - Online Art Limited

5.5% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (34)

8 - Online Art Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £19.2k, the company has an equivalent pay structure (£19.2k)

£19.2k - Online Art Limited

£19.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £70.7k, this is less efficient (£92.3k)

£70.7k - Online Art Limited

£92.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Online Art Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Online Art Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 153 days, this is more than average (87 days)

153 days - Online Art Limited

87 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 141 weeks, this is more cash available to meet short term requirements (25 weeks)

141 weeks - Online Art Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 16.9%, this is a lower level of debt than the average (64.9%)

16.9% - Online Art Limited

64.9% - Industry AVG

online art limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Online Art Limited Competitor Analysis

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online art limited Ownership

ONLINE ART LIMITED group structure

Online Art Limited has no subsidiary companies.

Ultimate parent company

ONLINE ART LIMITED

07380206

ONLINE ART LIMITED Shareholders

suleyman necati 100%

online art limited directors

Online Art Limited currently has 2 directors. The longest serving directors include Mr Suleyman Necati (Sep 2010) and Mr Jayhun Necati (Mar 2013).

officercountryagestartendrole
Mr Suleyman NecatiEngland69 years Sep 2010- Director
Mr Jayhun NecatiEngland40 years Mar 2013- Director

ONLINE ART LIMITED financials

EXPORTms excel logo

Online Art Limited's latest turnover from September 2023 is estimated at £565.4 thousand and the company has net assets of £417.6 thousand. According to their latest financial statements, Online Art Limited has 8 employees and maintains cash reserves of £230 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011
Turnover565,3521,131,4572,110,5012,492,3352,962,7593,531,1843,262,3372,992,4202,701,2572,714,9051,864,6291,773,4891,982,731
Other Income Or Grants0000000000000
Cost Of Sales321,813658,2801,286,5361,405,5001,634,6531,995,3201,878,4021,713,3301,527,0681,547,3501,090,3431,044,8581,161,347
Gross Profit243,539473,177823,9651,086,8351,328,1061,535,8641,383,9351,279,0901,174,1891,167,555774,286728,632821,384
Admin Expenses215,154485,406803,1981,049,6821,302,4291,511,906993,4411,277,6671,173,8151,167,484769,436690,449821,747
Operating Profit28,385-12,22920,76737,15325,67723,958390,4941,423374714,85038,183-363
Interest Payable22,33816,75400000000000
Interest Receivable5,74901515000050897813091
Pre-Tax Profit11,796-28,98320,78137,16825,67723,958390,4941,4234241594,92938,313-272
Tax-2,9490-3,948-7,062-4,879-4,552-74,194-284-85-33-1,134-9,1950
Profit After Tax8,847-28,98316,83330,10620,79819,406316,3001,1383391263,79529,118-272
Dividends Paid0000000000000
Retained Profit8,847-28,98316,83330,10620,79819,406316,3001,1383391263,79529,118-272
Employee Costs153,306150,969141,583158,115143,060303,484691,389605,468532,347509,689363,478346,372397,995
Number Of Employees888981742373231232225
EBITDA*28,385-12,22920,76737,15325,67723,958390,4941,423374714,85038,183-363

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011
Tangible Assets0963,093963,093963,093904,381864,086864,086864,086864,086864,086000
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)16,760000000000000
Total Fixed Assets16,760963,093963,093963,093904,381864,086864,086864,086864,086864,086000
Stock & work in progress135,632684,450742,947810,2931,051,118900,557602,275399,084458,000465,000494,547427,264435,338
Trade Debtors0000000034,96327,09926,66928,6780
Group Debtors0000000000000
Misc Debtors120,000000000000000
Cash229,9610029,1580000019,93915,63015,67936,289
misc current assets0000000000000
total current assets485,593684,450742,947839,4511,051,118900,557602,275399,084492,963512,038536,846471,621471,627
total assets502,3531,647,5431,706,0401,802,5441,955,4991,764,6431,466,3611,263,1701,357,0491,376,124536,846471,621471,627
Bank overdraft0406,15200000000000
Bank loan0000000000000
Trade Creditors 0246,660691,365791,070989,8391,125,881794,198849,336891,546858,152504,204442,774471,898
Group/Directors Accounts0000000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities84,79740,65800000000000
total current liabilities84,797693,470691,365791,070989,8391,125,881794,198849,336891,546858,152504,204442,774471,898
loans0000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities0545,364576,983590,615574,911268,811321,618379,589432,396485,204000
provisions0000000000000
total long term liabilities0545,364576,983590,615574,911268,811321,618379,589432,396485,204000
total liabilities84,7971,238,8341,268,3481,381,6851,564,7501,394,6921,115,8161,228,9251,323,9421,343,356504,204442,774471,898
net assets417,556408,709437,692420,859390,749369,951350,54534,24533,10732,76832,64228,847-271
total shareholders funds417,556408,709437,692420,859390,749369,951350,54534,24533,10732,76832,64228,847-271
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011
Operating Activities
Operating Profit28,385-12,22920,76737,15325,67723,958390,4941,423374714,85038,183-363
Depreciation0000000000000
Amortisation0000000000000
Tax-2,9490-3,948-7,062-4,879-4,552-74,194-284-85-33-1,134-9,1950
Stock-548,818-58,497-67,346-240,825150,561298,282203,191-58,916-7,000-29,54767,283-8,074435,338
Debtors136,760000000-34,9637,864430-2,00928,6780
Creditors-246,660-444,705-99,705-198,769-136,042331,683-55,138-42,21033,394353,94861,430-29,124471,898
Accruals and Deferred Income44,13940,65800000000000
Deferred Taxes & Provisions0000000000000
Cash flow from operations234,973-357,779-15,54072,147-265,80552,80757,97152,80832,819383,103-128-20,74036,197
Investing Activities
capital expenditure963,09300-58,712-40,2950000-864,086000
Change in Investments0000000000000
cash flow from investments963,09300-58,712-40,2950000-864,086000
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000000000000
Other Short Term Loans 0000000000000
Long term loans0000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities-545,364-31,619-13,63215,704306,100-52,807-57,971-52,807-52,808485,204000
share issue0004000000001
interest-16,589-16,7541515000050897813091
cash flow from financing-561,953-48,373-13,61715,723306,100-52,807-57,971-52,807-52,758485,2937813092
cash and cash equivalents
cash229,9610-29,15829,1580000-19,9394,309-49-20,61036,289
overdraft-406,152406,15200000000000
change in cash636,113-406,152-29,15829,1580000-19,9394,309-49-20,61036,289

P&L

September 2023

turnover

565.4k

-50%

operating profit

28.4k

0%

gross margin

43.1%

+3.01%

turnover

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

Balance Sheet

September 2023

net assets

417.6k

+0.02%

total assets

502.4k

-0.7%

cash

230k

0%

net assets

Total assets minus all liabilities

online art limited company details

company number

07380206

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

September 2010

age

14

accounts

Total Exemption Full

ultimate parent company

None

previous names

crafty arts limited (January 2024)

incorporated

UK

address

22 rowan walk, hornchurch, RM11 2JA

last accounts submitted

September 2023

online art 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 5 charges/mortgages relating to online art limited. Currently there are 2 open charges and 3 have been satisfied in the past.

charges

online art limited Companies House Filings - See Documents

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