new store europe uk limited
new store europe uk limited Company Information
Company Number
07493523
Next Accounts
3488 days late
Shareholders
new store europe a/s
alnery incorporations no. 1 ltd
Group Structure
View All
Industry
Other construction installation
+1Registered Address
15 canada square, canary wharf, london, E14 5GL
Website
www.newstoreeurope.comnew store europe uk limited Estimated Valuation
Pomanda estimates the enterprise value of NEW STORE EUROPE UK LIMITED at £45.6m based on a Turnover of £50.6m and 0.9x industry multiple (adjusted for size and gross margin).
new store europe uk limited Estimated Valuation
Pomanda estimates the enterprise value of NEW STORE EUROPE UK LIMITED at £13.5m based on an EBITDA of £1.5m and a 8.91x industry multiple (adjusted for size and gross margin).
new store europe uk limited Estimated Valuation
Pomanda estimates the enterprise value of NEW STORE EUROPE UK LIMITED at £11.3m based on Net Assets of £4.6m and 2.47x industry multiple (adjusted for liquidity).
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New Store Europe Uk Limited Overview
New Store Europe Uk Limited is a live company located in london, E14 5GL with a Companies House number of 07493523. It operates in the manufacture of office and shop furniture sector, SIC Code 31010. Founded in January 2011, it's largest shareholder is new store europe a/s with a 100% stake. New Store Europe Uk Limited is a established, large sized company, Pomanda has estimated its turnover at £50.6m with unknown growth in recent years.
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New Store Europe Uk Limited Health Check
Pomanda's financial health check has awarded New Store Europe Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £50.6m, make it larger than the average company (£5.7m)
£50.6m - New Store Europe Uk Limited
£5.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- New Store Europe Uk Limited
- - Industry AVG
Production
with a gross margin of 33.7%, this company has a lower cost of product (27.7%)
33.7% - New Store Europe Uk Limited
27.7% - Industry AVG
Profitability
an operating margin of -3.7% make it less profitable than the average company (3.8%)
-3.7% - New Store Europe Uk Limited
3.8% - Industry AVG
Employees
with 167 employees, this is above the industry average (78)
167 - New Store Europe Uk Limited
78 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has a higher pay structure (£33.5k)
£45.8k - New Store Europe Uk Limited
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £302.7k, this is more efficient (£154.8k)
£302.7k - New Store Europe Uk Limited
£154.8k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (57 days)
74 days - New Store Europe Uk Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (45 days)
102 days - New Store Europe Uk Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is more than average (25 days)
66 days - New Store Europe Uk Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (11 weeks)
9 weeks - New Store Europe Uk Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (66.7%)
90.5% - New Store Europe Uk Limited
66.7% - Industry AVG
NEW STORE EUROPE UK LIMITED financials
New Store Europe Uk Limited's latest turnover from December 2013 is £50.6 million and the company has net assets of £4.6 million. According to their latest financial statements, New Store Europe Uk Limited has 167 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|
| Turnover | 50,553,000 | 56,906,000 | 25,806,000 |
| Other Income Or Grants | |||
| Cost Of Sales | 33,521,000 | 42,382,000 | 18,110,000 |
| Gross Profit | 17,032,000 | 14,524,000 | 7,696,000 |
| Admin Expenses | 18,909,000 | 19,386,000 | 7,148,000 |
| Operating Profit | -1,877,000 | -4,862,000 | 548,000 |
| Interest Payable | 1,088,000 | 2,236,000 | 2,247,000 |
| Interest Receivable | 113,000 | 94,000 | |
| Pre-Tax Profit | -3,797,000 | -8,785,000 | -4,714,000 |
| Tax | -49,000 | ||
| Profit After Tax | -3,797,000 | -8,785,000 | -4,763,000 |
| Dividends Paid | |||
| Retained Profit | -3,797,000 | -8,785,000 | -4,763,000 |
| Employee Costs | 7,641,000 | 7,966,000 | 3,880,000 |
| Number Of Employees | 167 | 189 | 190 |
| EBITDA* | 1,519,000 | -1,558,000 | 1,461,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|
| Tangible Assets | 1,890,000 | 1,814,000 | 730,000 |
| Intangible Assets | 19,975,000 | 22,580,000 | 23,059,000 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 21,865,000 | 24,394,000 | 23,789,000 |
| Stock & work in progress | 6,088,000 | 4,594,000 | 3,242,000 |
| Trade Debtors | 10,365,000 | 10,254,000 | 11,739,000 |
| Group Debtors | 4,991,000 | 4,840,000 | 5,759,000 |
| Misc Debtors | 1,192,000 | 1,806,000 | 3,037,000 |
| Cash | 3,409,000 | 2,676,000 | 3,398,000 |
| misc current assets | 28,000 | ||
| total current assets | 26,073,000 | 24,170,000 | 27,175,000 |
| total assets | 47,938,000 | 48,564,000 | 50,964,000 |
| Bank overdraft | |||
| Bank loan | 15,731,000 | 1,282,000 | |
| Trade Creditors | 9,437,000 | 8,779,000 | 6,325,000 |
| Group/Directors Accounts | 7,371,000 | 6,344,000 | 4,370,000 |
| other short term finances | |||
| hp & lease commitments | 66,000 | 47,000 | 39,000 |
| other current liabilities | 1,887,000 | 2,930,000 | 7,996,000 |
| total current liabilities | 18,761,000 | 33,831,000 | 20,012,000 |
| loans | 24,402,000 | 6,373,000 | 30,697,000 |
| hp & lease commitments | 212,000 | 18,000 | |
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | 24,614,000 | 6,373,000 | 30,715,000 |
| total liabilities | 43,375,000 | 40,204,000 | 50,727,000 |
| net assets | 4,563,000 | 8,360,000 | 237,000 |
| total shareholders funds | 4,563,000 | 8,360,000 | 237,000 |
| Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,877,000 | -4,862,000 | 548,000 |
| Depreciation | 791,000 | 625,000 | 118,000 |
| Amortisation | 2,605,000 | 2,679,000 | 795,000 |
| Tax | -49,000 | ||
| Stock | 1,494,000 | 1,352,000 | 3,242,000 |
| Debtors | -352,000 | -3,635,000 | 20,535,000 |
| Creditors | 658,000 | 2,454,000 | 6,325,000 |
| Accruals and Deferred Income | -1,043,000 | -5,066,000 | 7,996,000 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | -8,000 | -1,887,000 | -8,044,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | -15,731,000 | 14,449,000 | 1,282,000 |
| Group/Directors Accounts | 1,027,000 | 1,974,000 | 4,370,000 |
| Other Short Term Loans | |||
| Long term loans | 18,029,000 | -24,324,000 | 30,697,000 |
| Hire Purchase and Lease Commitments | 231,000 | -10,000 | 57,000 |
| other long term liabilities | |||
| share issue | |||
| interest | -1,088,000 | -2,123,000 | -2,153,000 |
| cash flow from financing | 2,468,000 | 6,874,000 | 39,253,000 |
| cash and cash equivalents | |||
| cash | 733,000 | -722,000 | 3,398,000 |
| overdraft | |||
| change in cash | 733,000 | -722,000 | 3,398,000 |
new store europe uk limited Credit Report and Business Information
New Store Europe Uk Limited Competitor Analysis
Perform a competitor analysis for new store europe uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
new store europe uk limited Ownership
NEW STORE EUROPE UK LIMITED group structure
New Store Europe Uk Limited has no subsidiary companies.
Ultimate parent company
NEW STORE EUROPE UK LIMITED
07493523
new store europe uk limited directors
New Store Europe Uk Limited currently has 6 directors. The longest serving directors include Mr Troy Abrahamsen (Feb 2011) and Mr Michael Ryan (Mar 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Troy Abrahamsen | 59 years | Feb 2011 | - | Director | |
| Mr Michael Ryan | 66 years | Mar 2011 | - | Director | |
| Mr Abdul Basharat | 66 years | Mar 2011 | - | Director | |
| Mr Roger Kormeseth | 60 years | Jun 2013 | - | Director | |
| Mr Brian Mooney | 54 years | Sep 2014 | - | Director | |
| Pal Jahren | 56 years | Sep 2014 | - | Director |
P&L
December 2013turnover
50.6m
-11%
operating profit
-1.9m
-61%
gross margin
33.7%
+32.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2013net assets
4.6m
-0.45%
total assets
47.9m
-0.01%
cash
3.4m
+0.27%
net assets
Total assets minus all liabilities
Similar Companies
new store europe uk limited company details
company number
07493523
Type
Private limited with Share Capital
industry
43290 - Other construction installation
31010 - Manufacture of office and shop furniture
incorporation date
January 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2013
previous names
nse knight limited (August 2011)
alnery no. 2955 limited (February 2011)
accountant
-
auditor
-
address
15 canada square, canary wharf, london, E14 5GL
Bank
BARCLAYS BANK LIMITED
Legal Advisor
-
new store europe uk 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 6 charges/mortgages relating to new store europe uk limited. Currently there are 6 open charges and 0 have been satisfied in the past.
new store europe uk 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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new store europe uk limited Companies House Filings - See Documents
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