tea retail limited
tea retail limited Company Information
Company Number
07448616
Next Accounts
1439 days late
Directors
Shareholders
daren william spence
giles brook
View AllGroup Structure
View All
Industry
Other retail sale of food in specialised stores
Registered Address
stanmore house 64-68, blackburn street, manchester, M26 2JS
Website
www.wearetea.comtea retail limited Estimated Valuation
Pomanda estimates the enterprise value of TEA RETAIL LIMITED at £436.8k based on a Turnover of £1.4m and 0.3x industry multiple (adjusted for size and gross margin).
tea retail limited Estimated Valuation
Pomanda estimates the enterprise value of TEA RETAIL LIMITED at £0 based on an EBITDA of £-174k and a 3.41x industry multiple (adjusted for size and gross margin).
tea retail limited Estimated Valuation
Pomanda estimates the enterprise value of TEA RETAIL LIMITED at £0 based on Net Assets of £-141.5k and 2.26x industry multiple (adjusted for liquidity).
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Tea Retail Limited Overview
Tea Retail Limited is a live company located in manchester, M26 2JS with a Companies House number of 07448616. It operates in the other retail sale of food in specialised stores sector, SIC Code 47290. Founded in November 2010, it's largest shareholder is daren william spence with a 64.4% stake. Tea Retail Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Tea Retail Limited Health Check
Pomanda's financial health check has awarded Tea Retail Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.4m, make it larger than the average company (£1.1m)
- Tea Retail Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (4.5%)
- Tea Retail Limited
4.5% - Industry AVG
Production
with a gross margin of 32.7%, this company has a comparable cost of product (32.7%)
- Tea Retail Limited
32.7% - Industry AVG
Profitability
an operating margin of -12% make it less profitable than the average company (1.5%)
- Tea Retail Limited
1.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (50)
5 - Tea Retail Limited
50 - Industry AVG
Pay Structure
on an average salary of £16.4k, the company has an equivalent pay structure (£16.4k)
- Tea Retail Limited
£16.4k - Industry AVG
Efficiency
resulting in sales per employee of £289.8k, this is more efficient (£93.3k)
- Tea Retail Limited
£93.3k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (18 days)
- Tea Retail Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (31 days)
- Tea Retail Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is more than average (23 days)
- Tea Retail Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Tea Retail Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 141.4%, this is a higher level of debt than the average (77.5%)
141.4% - Tea Retail Limited
77.5% - Industry AVG
TEA RETAIL LIMITED financials
Tea Retail Limited's latest turnover from March 2019 is estimated at £1.4 million and the company has net assets of -£141.5 thousand. According to their latest financial statements, Tea Retail Limited has 5 employees and maintains cash reserves of £121 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 5 | 5 | 4 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,450 | 2,080 | 2,515 | 2,453 | 2,395 | 3,193 | 2,085 | |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 1,450 | 2,080 | 2,515 | 2,453 | 2,395 | 3,193 | 2,085 | |
| Stock & work in progress | 85,824 | 126,429 | 132,568 | 177,000 | 253,507 | 131,226 | 83,543 | |
| Trade Debtors | 185,218 | 203,239 | 250,410 | 180,655 | 135,813 | 68,280 | 15,586 | |
| Group Debtors | 882 | |||||||
| Misc Debtors | 69,027 | 35,842 | 48,058 | 3,750 | 21,872 | 32,007 | ||
| Cash | 121 | 218 | 956 | 2,379 | ||||
| misc current assets | ||||||||
| total current assets | 340,190 | 365,728 | 431,036 | 362,287 | 389,320 | 222,334 | 133,515 | |
| total assets | 341,640 | 367,808 | 433,551 | 364,740 | 391,715 | 225,527 | 135,600 | |
| Bank overdraft | 39,635 | 37,149 | 41,533 | 49,349 | ||||
| Bank loan | ||||||||
| Trade Creditors | 147,914 | 209,761 | 161,053 | 121,406 | 334,196 | 168,154 | 137,438 | |
| Group/Directors Accounts | 102,187 | 50,434 | 20,265 | |||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 133,448 | 110,835 | 80,987 | 109,128 | ||||
| total current liabilities | 423,184 | 408,179 | 303,838 | 279,883 | 334,196 | 168,154 | 137,438 | |
| loans | 60,000 | 69,582 | 105,561 | 25,561 | ||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 41,895 | 56,255 | ||||||
| provisions | ||||||||
| total long term liabilities | 60,000 | 69,582 | 105,561 | 25,561 | 41,895 | 56,255 | ||
| total liabilities | 483,184 | 477,761 | 409,399 | 305,444 | 376,091 | 224,409 | 137,438 | |
| net assets | -141,544 | -109,953 | 24,152 | 59,296 | 15,624 | 1,118 | -1,838 | |
| total shareholders funds | -141,544 | -109,953 | 24,152 | 59,296 | 15,624 | 1,118 | -1,838 |
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 630 | 768 | 613 | 692 | 798 | 958 | 415 | |
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | -40,605 | -6,139 | -44,432 | -76,507 | 122,281 | 47,683 | 83,543 | |
| Debtors | 15,164 | -59,387 | 113,181 | 49,474 | 45,661 | 42,559 | 47,593 | |
| Creditors | -61,847 | 48,708 | 39,647 | -212,790 | 166,042 | 30,716 | 137,438 | |
| Accruals and Deferred Income | 22,613 | 29,848 | -28,141 | 109,128 | ||||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 51,753 | 30,169 | 20,265 | |||||
| Other Short Term Loans | ||||||||
| Long term loans | -9,582 | -35,979 | 80,000 | 25,561 | ||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -41,895 | -14,360 | 56,255 | |||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -97 | 218 | -956 | -1,423 | 2,379 | |||
| overdraft | 2,486 | -4,384 | -7,816 | 49,349 | ||||
| change in cash | -2,583 | 4,602 | 7,816 | -49,349 | -956 | -1,423 | 2,379 |
tea retail limited Credit Report and Business Information
Tea Retail Limited Competitor Analysis
Perform a competitor analysis for tea retail limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M26 area or any other competitors across 12 key performance metrics.
tea retail limited Ownership
TEA RETAIL LIMITED group structure
Tea Retail Limited has no subsidiary companies.
Ultimate parent company
TEA RETAIL LIMITED
07448616
tea retail limited directors
Tea Retail Limited currently has 1 director, Mr Daren Spence serving since Nov 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daren Spence | England | 50 years | Nov 2010 | - | Director |
P&L
March 2019turnover
1.4m
-23%
operating profit
-174.6k
0%
gross margin
32.8%
+0.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
-141.5k
+0.29%
total assets
341.6k
-0.07%
cash
121
-0.44%
net assets
Total assets minus all liabilities
tea retail limited company details
company number
07448616
Type
Private limited with Share Capital
industry
47290 - Other retail sale of food in specialised stores
incorporation date
November 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2019
previous names
N/A
accountant
HAINES WATTS (SEM) LIMITED
auditor
-
address
stanmore house 64-68, blackburn street, manchester, M26 2JS
Bank
-
Legal Advisor
-
tea retail 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 4 charges/mortgages relating to tea retail limited. Currently there are 4 open charges and 0 have been satisfied in the past.
tea retail limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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tea retail limited Companies House Filings - See Documents
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