Allspecs Ltd

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allspecs ltd Company Information

Live

EstablishedSmallDeclining

Company Number

07404990

Next Accounts

113 days late

Industry

Retail sale by opticians

Directors

Sheila Head

Bradley Nossel

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Shareholders

bradley nossel

sheila head

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Group Structure

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Contact

Registered Address

44-50 high street, rayleigh, essex, SS6 7EA

Website

www.allspecs.co.uk

allspecs ltd Estimated Valuation

£610.5k

Pomanda estimates the enterprise value of ALLSPECS LTD at £610.5k based on Net Assets of £189.5k and 3.22x industry multiple (adjusted for liquidity).

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Allspecs Ltd is a live company located in essex, SS6 7EA with a Companies House number of 07404990. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in October 2010, it's largest shareholder is bradley nossel with a 49.5% stake. Allspecs Ltd is a established, small sized company, Pomanda has estimated its turnover at £681.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Allspecs Ltd a 4 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 Rating4out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £681.8k, make it larger than the average company (£531.3k)

Growth

3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (5.8%)

EXPORT

Allspecs Ltd's latest turnover from October 2022 is estimated at £681.8 thousand and the company has net assets of £189.5 thousand. According to their latest financial statements, Allspecs Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Turnover	681,766	961,897	2,526,399	2,808,265	4,401,467	2,703,207	523,332	241,128	450,883	432,699	339,727	174,834
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	272,115	410,676	1,026,013	1,086,860	1,458,764	854,720	174,213	88,818	222,398	152,553	152,648	97,679
Gross Profit	409,651	551,222	1,500,386	1,721,405	2,942,703	1,848,486	349,119	152,310	228,484	280,146	187,079	77,154
Admin Expenses	385,687	469,629	1,488,498	1,635,527	2,925,339	1,805,548	321,421	106,159	240,197	298,340	213,310	104,582
Operating Profit	23,964	81,593	11,888	85,878	17,364	42,938	27,698	46,151	-11,713	-18,194	-26,231	-27,428
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	68	112	130	60	30	52	39
Pre-Tax Profit	23,964	81,593	11,888	85,878	17,364	43,006	27,810	46,281	-11,653	-18,164	-26,179	-27,389
Tax	-4,553	-15,503	-2,259	-16,317	-3,299	-8,171	-5,562	-9,256	0	0	0	0
Profit After Tax	19,411	66,090	9,629	69,561	14,065	34,835	22,248	37,025	-11,653	-18,164	-26,179	-27,389
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	19,411	66,090	9,629	69,561	14,065	34,835	22,248	37,025	-11,653	-18,164	-26,179	-27,389
Employee Costs	200,129	217,462	139,024	112,512	1,298,995	826,947	135,090	77,597	109,847	108,632	101,655	58,784
Number Of Employees	7	8	7	5	52	35	6	3	5	5	5	3
EBITDA*	23,964	81,593	11,888	85,878	17,364	42,938	29,511	47,868	-9,424	-15,142	-22,577	-25,679

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Tangible Assets	33,468	43,526	3,794	5,063	5,478	4,078	5,438	5,151	6,868	9,157	12,209	12,859
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	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	33,468	43,526	3,794	5,063	5,478	4,078	5,438	5,151	6,868	9,157	12,209	12,859
Stock & work in progress	0	0	0	0	0	0	87,500	80,000	68,525	58,750	55,000	48,179
Trade Debtors	422,764	380,681	368,860	318,017	238,662	218,659	26,272	13,476	25,940	24,083	16,636	7,541
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	3,131	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	54,374	34,898	17,230	6,742	5,114	15,797
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	422,764	380,681	371,991	318,017	238,662	218,659	168,146	128,374	111,695	89,575	76,750	71,517
total assets	456,232	424,207	375,785	323,080	244,140	222,737	173,584	133,525	118,563	98,732	88,959	84,376
Bank overdraft	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
Trade Creditors	230,224	202,126	216,007	225,831	0	209,814	197,695	179,884	201,947	170,463	142,526	109,192
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	230,224	202,126	216,007	225,831	0	209,814	197,695	179,884	201,947	170,463	142,526	109,192
loans	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
Accruals and Deferred Income	5,950	2,900	5,800	2,900	0	2,200	0	0	0	0	0	0
other liabilities	30,579	49,113	50,000	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	2,572
total long term liabilities	36,529	52,013	55,800	2,900	219,352	2,200	0	0	0	0	0	2,572
total liabilities	266,753	254,139	271,807	228,731	219,352	212,014	197,695	179,884	201,947	170,463	142,526	111,764
net assets	189,479	170,068	103,978	94,349	24,788	10,723	-24,111	-46,359	-83,384	-71,731	-53,567	-27,388
total shareholders funds	189,479	170,068	103,978	94,349	24,788	10,723	-24,111	-46,359	-83,384	-71,731	-53,567	-27,388

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Operating Activities
Operating Profit	23,964	81,593	11,888	85,878	17,364	42,938	27,698	46,151	-11,713	-18,194	-26,231	-27,428
Depreciation	0	0	0	0	0	0	1,813	1,717	2,289	3,052	3,654	1,749
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,553	-15,503	-2,259	-16,317	-3,299	-8,171	-5,562	-9,256	0	0	0	0
Stock	0	0	0	0	0	-87,500	7,500	11,475	9,775	3,750	6,821	48,179
Debtors	42,083	8,690	53,974	79,355	20,003	192,387	12,796	-12,464	1,857	7,447	9,095	7,541
Creditors	28,098	-13,881	-9,824	225,831	-209,814	12,119	17,811	-22,063	31,484	27,937	33,334	109,192
Accruals and Deferred Income	3,050	-2,900	2,900	2,900	-2,200	2,200	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-2,572	2,572
Cash flow from operations	8,476	40,619	-51,269	218,937	-217,952	-55,801	21,464	17,538	10,428	1,598	-7,731	30,365
Investing Activities
capital expenditure	10,058	-39,732	1,269	415	-1,400	1,360	-2,100	0	0	0	-3,004	-14,608
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	10,058	-39,732	1,269	415	-1,400	1,360	-2,100	0	0	0	-3,004	-14,608
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-18,534	-887	50,000	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-1	0	0	0	0	0	1
interest	0	0	0	0	0	68	112	130	60	30	52	39
cash flow from financing	-18,534	-887	50,000	0	0	67	112	130	60	30	52	40
cash and cash equivalents
cash	0	0	0	0	0	-54,374	19,476	17,668	10,488	1,628	-10,683	15,797
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-54,374	19,476	17,668	10,488	1,628	-10,683	15,797

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 allspecs ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SS6 area or any other competitors across 12 key performance metrics.

ALLSPECS LTD group structure

Allspecs Ltd has no subsidiary companies.

Ultimate parent company

ALLSPECS LTD

07404990

ALLSPECS LTD Shareholders

bradley nossel	49.5%
sheila head	25.74%
philip leonard nossel	24.75%

Allspecs Ltd currently has 3 directors. The longest serving directors include Mrs Sheila Head (Oct 2010) and Mr Bradley Nossel (Sep 2018).

officer	country	age	start	end	role
Mrs Sheila Head	United Kingdom	74 years	Oct 2010	-	Director
Mr Bradley Nossel		39 years	Sep 2018	-	Director
Mr Philip Nossel		78 years	Mar 2020	-	Director

P&L

October 2022

turnover

681.8k

-29%

operating profit

24k

gross margin

60.1%

+4.85%

turnover

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

Balance Sheet

October 2022

net assets

189.5k

+0.11%

total assets

456.2k

+0.08%

cash

net assets

Total assets minus all liabilities

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company number

07404990

Type

Private limited with Share Capital

industry

47782 - Retail sale by opticians

incorporation date

October 2010

ultimate parent company

None

previous names

all-specs ltd (November 2015)

address

44-50 high street, rayleigh, essex, SS6 7EA

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.

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allspecs ltd Company Information

allspecs ltd Estimated Valuation

allspecs ltd Estimated Valuation

allspecs ltd Estimated Valuation

Allspecs Ltd Overview

Allspecs Ltd Health Check

ALLSPECS LTD financials

allspecs ltd Credit Report and Business Information

Allspecs Ltd Competitor Analysis

allspecs ltd Ownership

allspecs ltd directors

allspecs ltd company details

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