Ship It Appliances Limited

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ship it appliances limited Company Information

Live

EstablishedSmallDeclining

Company Number

07705721

Website

www.shipitappliances.com

Registered Address

ebenezer house ryecroft, newcastle under lyme, staffordshire, ST5 2BE

Industry

Retail sale via mail order houses or via Internet

Telephone

01623625658

Next Accounts Due

September 2024

Group Structure

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Directors

Stephen Johnson2 Years

Brian Johnson2 Years

View All

Shareholders

for everyone group ltd 100%

ship it appliances limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of SHIP IT APPLIANCES LIMITED at £1.2m based on a Turnover of £4.7m and 0.25x industry multiple (adjusted for size and gross margin).

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Ship It Appliances Limited is a live company located in staffordshire, ST5 2BE with a Companies House number of 07705721. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in July 2011, it's largest shareholder is for everyone group ltd with a 100% stake. Ship It Appliances Limited is a established, small sized company, Pomanda has estimated its turnover at £4.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Ship It Appliances 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

Health Rating3.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £4.7m, make it larger than the average company (£649.2k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.5%)

EXPORT

Ship It Appliances Limited's latest turnover from December 2022 is estimated at £4.7 million and the company has net assets of -£859.9 thousand. According to their latest financial statements, Ship It Appliances Limited has 19 employees and maintains cash reserves of £194.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Jul 2014	Jul 2013
Turnover	4,674,930	7,747,123	9,504,308	7,143,171	7,620,580	6,778,479	5,044,322	3,550,660	1,536,370	831,435	246,639
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,999,721	4,948,103	6,190,996	4,511,301	4,740,404	4,183,356	3,126,287	2,170,911	920,941	502,587	143,784
Gross Profit	1,675,209	2,799,021	3,313,312	2,631,870	2,880,176	2,595,123	1,918,036	1,379,749	615,429	328,849	102,855
Admin Expenses	2,295,526	3,333,222	2,192,362	3,053,544	3,216,349	2,451,164	1,897,147	1,380,776	615,782	328,168	102,343
Operating Profit	-620,317	-534,201	1,120,950	-421,674	-336,173	143,959	20,889	-1,027	-353	681	512
Interest Payable	82,106	24,008	0	0	0	0	0	0	0	0	0
Interest Receivable	5,407	1,419	709	3,445	3,990	2,248	686	632	287	308	133
Pre-Tax Profit	-697,016	-556,789	1,121,659	-418,229	-332,183	146,207	21,575	-395	-66	989	644
Tax	0	0	-213,115	0	0	-27,779	-4,315	0	0	-208	-148
Profit After Tax	-697,016	-556,789	908,544	-418,229	-332,183	118,428	17,260	-395	-66	781	496
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-697,016	-556,789	908,544	-418,229	-332,183	118,428	17,260	-395	-66	781	496
Employee Costs	559,283	769,214	782,069	780,702	885,994	587,465	338,145	479,745	194,759	110,474	53,125
Number Of Employees	19	26	28	28	29	20	12	17	7	4	2
EBITDA*	-571,899	-485,366	1,163,847	-387,137	-296,477	170,358	35,916	4,277	2,435	3,511	2,089

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Jul 2014	Jul 2013
Tangible Assets	284,594	276,004	248,596	203,271	237,808	183,528	92,881	30,070	15,813	16,052	8,936
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	284,594	276,004	248,596	203,271	237,808	183,528	92,881	30,070	15,813	16,052	8,936
Stock & work in progress	2,416,316	2,591,621	922,274	967,865	1,466,283	1,706,510	1,068,028	454,388	61,000	60,000	30,000
Trade Debtors	90,837	89,622	681,364	311,074	270,301	244,850	182,996	149,509	87,102	33,945	3,934
Group Debtors	1,563,888	144,000	0	0	0	0	0	0	0	0	0
Misc Debtors	1,004,329	426,669	0	0	0	0	0	0	0	0	0
Cash	194,496	114,475	1,021,117	396,713	522,017	541,935	357,260	191,163	61,627	70,115	53,006
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,269,866	3,366,387	2,624,755	1,675,652	2,258,601	2,493,295	1,608,284	795,060	209,729	164,060	86,940
total assets	5,554,460	3,642,391	2,873,351	1,878,923	2,496,409	2,676,823	1,701,165	825,130	225,542	180,112	95,876
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,147,950	2,593,360	2,439,794	2,393,512	2,579,369	2,441,000	1,583,770	724,995	225,012	178,735	95,280
Group/Directors Accounts	3,746,319	263,548	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	8,333	8,333	0	0	0	0	0	0	0	0	0
other current liabilities	545,847	130,695	0	0	0	0	0	0	0	0	0
total current liabilities	5,448,449	2,995,936	2,439,794	2,393,512	2,579,369	2,441,000	1,583,770	724,995	225,012	178,735	95,280
loans	960,305	768,244	0	0	0	0	0	0	0	0	0
hp & lease commitments	5,556	13,889	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	27,156	39,602	0	13,400	0	0	0	0	0	0
total long term liabilities	965,861	809,289	39,602	0	13,400	0	0	0	0	0	0
total liabilities	6,414,310	3,805,225	2,479,396	2,393,512	2,592,769	2,441,000	1,583,770	724,995	225,012	178,735	95,280
net assets	-859,850	-162,834	393,955	-514,589	-96,360	235,823	117,395	100,135	530	1,377	596
total shareholders funds	-859,850	-162,834	393,955	-514,589	-96,360	235,823	117,395	100,135	530	1,377	596

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Jul 2014	Jul 2013	Jul 2012
Operating Activities
Operating Profit	-620,317	-534,201	1,120,950	-421,674	-336,173	143,959	20,889	-1,027	-353	681	512	0
Depreciation	48,418	48,835	42,897	34,537	39,696	26,399	15,027	5,304	2,788	2,830	1,577	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-213,115	0	0	-27,779	-4,315	0	0	-208	-148	0
Stock	-175,305	1,669,347	-45,591	-498,418	-240,227	638,482	613,640	393,388	31,000	30,000	30,000	0
Debtors	1,998,763	-21,073	370,290	40,773	25,451	61,854	33,487	62,407	83,168	30,011	3,934	0
Creditors	-1,445,410	153,566	46,282	-185,857	138,369	857,230	858,775	499,983	129,732	83,455	95,280	0
Accruals and Deferred Income	415,152	130,695	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-27,156	-12,446	39,602	-13,400	13,400	0	0	0	0	0	0	0
Cash flow from operations	-3,452,771	-1,861,825	711,917	-128,749	70,068	299,473	243,249	48,465	17,999	26,747	63,287	0
Investing Activities
capital expenditure	-57,008	-76,243	-88,222	0	-93,976	-117,046	-77,838	-19,561	-9,665	-9,946	-10,513	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-57,008	-76,243	-88,222	0	-93,976	-117,046	-77,838	-19,561	-9,665	-9,946	-10,513	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	3,482,771	263,548	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	192,061	768,244	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-8,333	22,222	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	100,000	0	0	100	0
interest	-76,699	-22,589	709	3,445	3,990	2,248	686	632	287	308	133	0
cash flow from financing	3,589,800	1,031,425	709	3,445	3,990	2,248	686	100,632	287	308	233	0
cash and cash equivalents
cash	80,021	-906,642	624,404	-125,304	-19,918	184,675	166,097	129,536	8,621	17,109	53,006	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	80,021	-906,642	624,404	-125,304	-19,918	184,675	166,097	129,536	8,621	17,109	53,006	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SHIP IT APPLIANCES LIMITED group structure

Ship It Appliances Limited has no subsidiary companies.

Ultimate parent company

OEM APPLIANCES LIMITED

08126863

CWW HOLDINGS LIMITED

12165306

2 parents

SHIP IT APPLIANCES LIMITED

07705721

SHIP IT APPLIANCES LIMITED Shareholders

for everyone group ltd

100%

Ship It Appliances Limited currently has 3 directors. The longest serving directors include Mr Stephen Johnson (Feb 2022) and Mr Brian Johnson (Feb 2022).

officer	country	age	start	end	role
Mr Stephen Johnson	England	33 years	Feb 2022	-	Director
Mr Brian Johnson	United Kingdom	66 years	Feb 2022	-	Director
Mrs Hannah Johnson	England	31 years	Apr 2023	-	Director

P&L

December 2022

turnover

4.7m

-40%

operating profit

-620.3k

gross margin

35.9%

-0.82%

turnover

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

Balance Sheet

December 2022

net assets

-859.9k

+4.28%

total assets

5.6m

+0.52%

cash

194.5k

+0.7%

net assets

Total assets minus all liabilities

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company number

07705721

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

July 2011

age

accounts

Total Exemption Full

ultimate parent company

OEM APPLIANCES LIMITED

previous names

N/A

incorporated

address

ebenezer house ryecroft, newcastle under lyme, staffordshire, ST5 2BE

last accounts submitted

December 2022

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 ship it appliances limited. Currently there are 5 open charges and 0 have been satisfied in the past.

ship it appliances limited Company Information

ship it appliances limited Estimated Valuation

ship it appliances limited Estimated Valuation

ship it appliances limited Estimated Valuation

Ship It Appliances Limited Overview

Ship It Appliances Limited Health Check

SHIP IT APPLIANCES LIMITED financials

ship it appliances limited Credit Report and Business Information

Ship It Appliances Limited Competitor Analysis

ship it appliances limited Ownership

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