Comfy Sofa Limited

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comfy sofa limited Company Information

Company Number

07670062

Next Accounts

84 days late

Directors

Shareholders

clare laidlaw

Group Structure

View All

Industry

Manufacture of other furniture

Registered Address

conselia limited dalton house, 1 hawksworth street, ilkley, LS29 9DU

Website

http://distinctivechesterfields.co.kr

comfy sofa limited Estimated Valuation

£686k

Pomanda estimates the enterprise value of COMFY SOFA LIMITED at £686k based on a Turnover of £2.2m and 0.31x industry multiple (adjusted for size and gross margin).

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Comfy Sofa Limited is a live company located in ilkley, LS29 9DU with a Companies House number of 07670062. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in June 2011, it's largest shareholder is clare laidlaw with a 100% stake. Comfy Sofa Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with low growth in recent years.

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Pomanda's financial health check has awarded Comfy Sofa Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

5 Regular

7 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.4%)

EXPORT

Comfy Sofa Limited's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £337.1 thousand. According to their latest financial statements, Comfy Sofa Limited has 22 employees and maintains cash reserves of £65.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	2,180,384	2,293,493	2,566,345	2,131,377	2,381,933	2,484,980	2,043,871	1,850,434	744,932	740,562	506,711
Other Income Or Grants
Cost Of Sales	1,408,486	1,483,008	1,633,558	1,334,731	1,495,300	1,547,246	1,260,291	1,155,443	464,186	467,324	317,578
Gross Profit	771,898	810,485	932,787	796,646	886,633	937,734	783,580	694,992	280,746	273,238	189,133
Admin Expenses	783,800	669,249	734,928	813,770	922,433	979,906	689,047	750,143	234,283	277,431	33,938
Operating Profit	-11,902	141,236	197,859	-17,124	-35,800	-42,172	94,533	-55,151	46,463	-4,193	155,195
Interest Payable	21,337	7,975	2,455	2,455
Interest Receivable	8,815	2,738	213	39	207	137	82	180	169	193	119
Pre-Tax Profit	-24,424	135,999	195,617	-19,541	-35,593	-42,035	94,615	-54,971	46,632	-4,000	155,313
Tax		-25,840	-37,167				-18,923		-9,793		-37,275
Profit After Tax	-24,424	110,159	158,450	-19,541	-35,593	-42,035	75,692	-54,971	36,839	-4,000	118,038
Dividends Paid
Retained Profit	-24,424	110,159	158,450	-19,541	-35,593	-42,035	75,692	-54,971	36,839	-4,000	118,038
Employee Costs	705,918	1,037,967	956,311	855,303	840,718	915,125	781,242	746,971	184,228	174,721	121,900
Number Of Employees	22	34	33	30	31	34	29	27	7	7	5
EBITDA*	43,213	206,566	273,740	38,544	6,617	28,219	135,512	-30,327	63,597	9,566	161,829

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	151,398	173,958	230,016	114,640	139,003	174,153	177,518	92,709	74,062	51,890	26,443
Intangible Assets	57,911	63,031	68,152	73,272	78,392	83,512	64,840	61,672	65,300	68,928	72,556
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	209,309	236,989	298,168	187,912	217,395	257,665	242,358	154,381	139,362	120,818	98,999
Stock & work in progress	265,749	71,813	105,869	157,764	88,026	33,354	97,288	16,076	13,736	11,598	27,453
Trade Debtors	227,617	234,294	260,771	172,732	208,248	235,399	156,486	166,887	102,959	96,372	63,588
Group Debtors
Misc Debtors	45,221	111,678		30,499			69,319	16,209
Cash	65,733	349,099	380,992	45,538	31,717	23,517	31,177	34,388	37,478	29,951	47,413
misc current assets
total current assets	604,320	766,884	747,632	406,533	327,991	292,270	354,270	233,560	154,173	137,921	138,454
total assets	813,629	1,003,873	1,045,800	594,445	545,386	549,935	596,628	387,941	293,535	258,739	237,453
Bank overdraft	59,810	56,278		13,721
Bank loan
Trade Creditors	159,921	121,644	348,413	310,860	402,733	363,808	245,598	155,207	94,015	94,962	73,959
Group/Directors Accounts							20,528	17,077
other short term finances
hp & lease commitments	42,435	42,332					8,904	8,904
other current liabilities	57,968	153,879		81,850			86,001	39,177
total current liabilities	320,134	374,133	348,413	406,431	402,733	363,808	361,031	220,365	94,015	94,962	73,959
loans	120,219	180,025		66,781
hp & lease commitments	8,788	51,222					8,904	17,808
Accruals and Deferred Income
other liabilities			396,987
provisions	27,406	35,150	45,379	22,825	22,867	28,911	25,968	12,942	7,723	6,551
total long term liabilities	156,413	266,397	442,366	89,606	22,867	28,911	34,872	30,750	7,723	6,551
total liabilities	476,547	640,530	790,779	496,037	425,600	392,719	395,903	251,115	101,738	101,513	73,959
net assets	337,082	363,343	255,021	98,408	119,786	157,216	200,725	136,826	191,797	157,226	163,494
total shareholders funds	337,082	363,343	255,021	98,408	119,786	157,216	200,725	136,826	191,797	157,226	163,494

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	-11,902	141,236	197,859	-17,124	-35,800	-42,172	94,533	-55,151	46,463	-4,193	155,195
Depreciation	49,995	60,209	70,761	50,548	37,297	66,213	37,147	21,196	13,506	10,131	6,634
Amortisation	5,120	5,121	5,120	5,120	5,120	4,178	3,832	3,628	3,628	3,628
Tax		-25,840	-37,167				-18,923		-9,793		-37,275
Stock	193,936	-34,056	-51,895	69,738	54,672	-63,934	81,212	2,340	2,138	-15,855	27,453
Debtors	-73,134	85,201	57,540	-5,017	-27,151	9,594	42,709	80,137	6,587	32,784	63,588
Creditors	38,277	-226,769	37,553	-91,873	38,925	118,210	90,391	61,192	-947	21,003	73,959
Accruals and Deferred Income	-95,911	153,879	-81,850	81,850		-86,001	46,824	39,177
Deferred Taxes & Provisions	-7,744	-10,229	22,554	-42	-6,044	2,943	13,026	5,219	1,172	6,551
Cash flow from operations	-142,967	46,462	209,185	-36,242	11,977	117,711	142,909	-7,216	45,304	20,191	107,472
Investing Activities
capital expenditure	-27,435	-4,151	-186,137	-26,185	-2,147	-85,698	-128,956	-39,843	-35,678	-35,578	-105,633
Change in Investments
cash flow from investments	-27,435	-4,151	-186,137	-26,185	-2,147	-85,698	-128,956	-39,843	-35,678	-35,578	-105,633
Financing Activities
Bank loans
Group/Directors Accounts						-20,528	3,451	17,077
Other Short Term Loans
Long term loans	-59,806	180,025	-66,781	66,781
Hire Purchase and Lease Commitments	-42,331	93,554				-17,808	-8,904	26,712
other long term liabilities		-396,987	396,987
share issue	-1,837	-1,837	-1,837	-1,837	-1,837	-1,474	-11,793		-2,268	-2,268	45,456
interest	-12,522	-5,237	-2,242	-2,416	207	137	82	180	169	193	119
cash flow from financing	-116,496	-130,482	326,127	62,528	-1,630	-39,673	-17,164	43,969	-2,099	-2,075	45,575
cash and cash equivalents
cash	-283,366	-31,893	335,454	13,821	8,200	-7,660	-3,211	-3,090	7,527	-17,462	47,413
overdraft	3,532	56,278	-13,721	13,721
change in cash	-286,898	-88,171	349,175	100	8,200	-7,660	-3,211	-3,090	7,527	-17,462	47,413

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMFY SOFA LIMITED group structure

Comfy Sofa Limited has no subsidiary companies.

Ultimate parent company

COMFY SOFA LIMITED

07670062

COMFY SOFA LIMITED Shareholders

clare laidlaw

100%

Comfy Sofa Limited currently has 1 director, undefined undefined serving since - .

officer	country	age	start	end	role

P&L

March 2023

turnover

2.2m

-5%

operating profit

-11.9k

gross margin

35.5%

+0.18%

turnover

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

Balance Sheet

March 2023

net assets

337.1k

-0.07%

total assets

813.6k

-0.19%

cash

65.7k

-0.81%

net assets

Total assets minus all liabilities

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company number

07670062

Type

Private limited with Share Capital

industry

31090 - Manufacture of other furniture

47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores

incorporation date

June 2011

ultimate parent company

None

previous names

N/A

address

conselia limited dalton house, 1 hawksworth street, ilkley, LS29 9DU

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 2 charges/mortgages relating to comfy sofa limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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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comfy sofa limited Company Information

comfy sofa limited Estimated Valuation

comfy sofa limited Estimated Valuation

comfy sofa limited Estimated Valuation

Comfy Sofa Limited Overview

Comfy Sofa Limited Health Check

COMFY SOFA LIMITED financials

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comfy sofa limited Ownership

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