omg how cheap ltd
omg how cheap ltd Company Information
Company Number
07862638
Website
www.omghowcheap.co.ukRegistered Address
22 warren lingley way, tiptree, colchester, CO5 0FE
Industry
Retail sale via mail order houses or via Internet
Telephone
01621815511
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
david field 100%
omg how cheap ltd Estimated Valuation
Pomanda estimates the enterprise value of OMG HOW CHEAP LTD at £5.3m based on a Turnover of £15.6m and 0.34x industry multiple (adjusted for size and gross margin).
omg how cheap ltd Estimated Valuation
Pomanda estimates the enterprise value of OMG HOW CHEAP LTD at £5.7m based on an EBITDA of £1.2m and a 4.81x industry multiple (adjusted for size and gross margin).
omg how cheap ltd Estimated Valuation
Pomanda estimates the enterprise value of OMG HOW CHEAP LTD at £8.5m based on Net Assets of £3.9m and 2.18x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Omg How Cheap Ltd Overview
Omg How Cheap Ltd is a live company located in colchester, CO5 0FE with a Companies House number of 07862638. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in November 2011, it's largest shareholder is david field with a 100% stake. Omg How Cheap Ltd is a established, mid sized company, Pomanda has estimated its turnover at £15.6m with rapid growth in recent years.
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Omg How Cheap Ltd Health Check
Pomanda's financial health check has awarded Omg How Cheap Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £15.6m, make it larger than the average company (£348k)
£15.6m - Omg How Cheap Ltd
£348k - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (6.1%)
- Omg How Cheap Ltd
6.1% - Industry AVG
Production
with a gross margin of 23.3%, this company has a higher cost of product (36.4%)
23.3% - Omg How Cheap Ltd
36.4% - Industry AVG
Profitability
an operating margin of 6.8% make it more profitable than the average company (2%)
6.8% - Omg How Cheap Ltd
2% - Industry AVG
Employees
with 47 employees, this is above the industry average (4)
47 - Omg How Cheap Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has a higher pay structure (£27.2k)
£33.3k - Omg How Cheap Ltd
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £332.4k, this is more efficient (£162.3k)
£332.4k - Omg How Cheap Ltd
£162.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (20 days)
1 days - Omg How Cheap Ltd
20 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (33 days)
28 days - Omg How Cheap Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 124 days, this is more than average (84 days)
124 days - Omg How Cheap Ltd
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (17 weeks)
29 weeks - Omg How Cheap Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.1%, this is a lower level of debt than the average (75.6%)
35.1% - Omg How Cheap Ltd
75.6% - Industry AVG
OMG HOW CHEAP LTD financials
Omg How Cheap Ltd's latest turnover from June 2023 is £15.6 million and the company has net assets of £3.9 million. According to their latest financial statements, Omg How Cheap Ltd has 47 employees and maintains cash reserves of £853.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,621,458 | 16,837,609 | 16,321,814 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 11,987,887 | 12,881,967 | 12,634,036 | ||||||||
| Gross Profit | 3,633,571 | 3,955,642 | 3,687,778 | ||||||||
| Admin Expenses | 2,574,948 | 2,929,958 | 2,448,318 | ||||||||
| Operating Profit | 1,058,623 | 1,025,684 | 1,239,460 | ||||||||
| Interest Payable | 86,107 | 79,038 | 22,814 | ||||||||
| Interest Receivable | 3,622 | 0 | 78 | ||||||||
| Pre-Tax Profit | 976,138 | 946,646 | 1,216,724 | ||||||||
| Tax | -214,271 | -176,470 | -238,528 | ||||||||
| Profit After Tax | 761,867 | 770,176 | 978,196 | ||||||||
| Dividends Paid | 190,000 | 210,000 | 240,000 | ||||||||
| Retained Profit | 571,867 | 560,176 | 738,196 | ||||||||
| Employee Costs | 1,566,960 | 1,962,851 | 1,623,509 | ||||||||
| Number Of Employees | 47 | 51 | 57 | 37 | 32 | 30 | 34 | 32 | |||
| EBITDA* | 1,180,970 | 1,148,150 | 1,267,864 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 390,327 | 312,119 | 70,657 | 51,996 | 16,610 | 21,439 | 18,718 | 14,632 | 11,070 | 6,393 | 2,699 |
| Intangible Assets | 18,473 | 19,365 | 19,045 | 17,395 | 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 | 408,800 | 331,484 | 89,702 | 69,391 | 16,610 | 21,439 | 18,718 | 14,632 | 11,070 | 6,393 | 2,699 |
| Stock & work in progress | 4,084,025 | 3,522,745 | 3,310,322 | 3,020,322 | 1,942,764 | 1,349,000 | 830,000 | 509,036 | 250,000 | 120,000 | 33,000 |
| Trade Debtors | 72,014 | 498 | 17,598 | 2,736 | 1,403 | 0 | 0 | 0 | 7,924 | 10,917 | 5,506 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 616,461 | 643,900 | 142,464 | 76,517 | 38,861 | 43,681 | 30,692 | 12,872 | 0 | 0 | 0 |
| Cash | 853,492 | 1,026,494 | 1,771,308 | 429,957 | 383,535 | 416,225 | 178,005 | 77,600 | 103,171 | 58,111 | 28,279 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,625,992 | 5,193,637 | 5,241,692 | 3,529,532 | 2,366,563 | 1,808,906 | 1,038,697 | 599,508 | 361,095 | 189,028 | 66,785 |
| total assets | 6,034,792 | 5,525,121 | 5,331,394 | 3,598,923 | 2,383,173 | 1,830,345 | 1,057,415 | 614,140 | 372,165 | 195,421 | 69,484 |
| Bank overdraft | 214,894 | 244,780 | 119,335 | 0 | 0 | 0 | 0 | 102 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 947,319 | 862,444 | 1,137,463 | 799,752 | 535,653 | 292,549 | 276,945 | 122,362 | 257,210 | 171,273 | 60,258 |
| Group/Directors Accounts | 0 | 0 | 0 | 57,839 | 0 | 0 | 0 | 0 | 4,157 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 38,879 | 31,890 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 303,802 | 302,138 | 438,638 | 694,585 | 560,902 | 807,267 | 362,775 | 225,074 | 0 | 0 | 0 |
| total current liabilities | 1,504,894 | 1,441,252 | 1,695,436 | 1,552,176 | 1,096,555 | 1,099,816 | 639,720 | 347,538 | 261,367 | 171,273 | 60,258 |
| loans | 281,231 | 496,107 | 780,665 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 155,049 | 143,518 | 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 | 179,707 | 102,200 | 73,425 | 3,075 | 3,075 | 3,617 | 3,617 | 2,772 | 2,026 | 1,032 | 225 |
| total long term liabilities | 615,987 | 741,825 | 854,090 | 3,075 | 3,075 | 3,617 | 3,617 | 2,772 | 2,026 | 1,032 | 225 |
| total liabilities | 2,120,881 | 2,183,077 | 2,549,526 | 1,555,251 | 1,099,630 | 1,103,433 | 643,337 | 350,310 | 263,393 | 172,305 | 60,483 |
| net assets | 3,913,911 | 3,342,044 | 2,781,868 | 2,043,672 | 1,283,543 | 726,912 | 414,078 | 263,830 | 108,772 | 23,116 | 9,001 |
| total shareholders funds | 3,913,911 | 3,342,044 | 2,781,868 | 2,043,672 | 1,283,543 | 726,912 | 414,078 | 263,830 | 108,772 | 23,116 | 9,001 |
| Jun 2023 | Jun 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 1,058,623 | 1,025,684 | 1,239,460 | ||||||||
| Depreciation | 120,295 | 122,466 | 28,404 | 18,174 | 14,090 | 13,044 | 8,219 | 5,083 | 4,243 | 2,609 | 1,126 |
| Amortisation | 2,052 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -214,271 | -176,470 | -238,528 | ||||||||
| Stock | 561,280 | 212,423 | 290,000 | 1,077,558 | 593,764 | 519,000 | 320,964 | 259,036 | 130,000 | 120,000 | 33,000 |
| Debtors | 44,077 | 484,336 | 80,809 | 38,989 | -3,417 | 12,989 | 17,820 | 4,948 | -2,993 | 10,917 | 5,506 |
| Creditors | 84,875 | -275,019 | 337,711 | 264,099 | 243,104 | 15,604 | 154,583 | -134,848 | 85,937 | 171,273 | 60,258 |
| Accruals and Deferred Income | 1,664 | -136,500 | -255,947 | 133,683 | -246,365 | 444,492 | 137,701 | 225,074 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 77,507 | 28,775 | 70,350 | 0 | -542 | 0 | 845 | 746 | 994 | 1,032 | 225 |
| Cash flow from operations | 525,388 | -107,823 | 810,641 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | ||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -57,839 | 57,839 | 0 | 0 | 0 | -4,157 | 4,157 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -214,876 | -284,558 | 780,665 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 18,520 | 175,408 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -82,485 | -79,038 | -22,736 | ||||||||
| cash flow from financing | -278,841 | -188,188 | 700,090 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | -173,002 | -744,814 | 1,341,351 | 46,422 | -32,690 | 238,220 | 100,405 | -25,571 | 45,060 | 58,111 | 28,279 |
| overdraft | -29,886 | 125,445 | 119,335 | 0 | 0 | 0 | -102 | 102 | 0 | 0 | 0 |
| change in cash | -143,116 | -870,259 | 1,222,016 | 46,422 | -32,690 | 238,220 | 100,507 | -25,673 | 45,060 | 58,111 | 28,279 |
omg how cheap ltd Credit Report and Business Information
Omg How Cheap Ltd Competitor Analysis
Perform a competitor analysis for omg how cheap ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in CO5 area or any other competitors across 12 key performance metrics.
omg how cheap ltd Ownership
OMG HOW CHEAP LTD group structure
Omg How Cheap Ltd has no subsidiary companies.
Ultimate parent company
OMG HOW CHEAP LTD
07862638
omg how cheap ltd directors
Omg How Cheap Ltd currently has 4 directors. The longest serving directors include Mr David Field (Nov 2011) and Mr Marcus Mannina (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Field | England | 61 years | Nov 2011 | - | Director |
| Mr Marcus Mannina | England | 35 years | Mar 2024 | - | Director |
| Mr Charlie Brennan | England | 31 years | Mar 2024 | - | Director |
| Mr Jason Biggs | England | 54 years | Mar 2024 | - | Director |
P&L
June 2023turnover
15.6m
-7%
operating profit
1.1m
+3%
gross margin
23.3%
-0.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.9m
+0.17%
total assets
6m
+0.09%
cash
853.5k
-0.17%
net assets
Total assets minus all liabilities
Similar Companies
omg how cheap ltd company details
company number
07862638
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
November 2011
age
13
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
GMS FC LIMITED
address
22 warren lingley way, tiptree, colchester, CO5 0FE
Bank
-
Legal Advisor
-
omg how cheap ltd 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 1 charges/mortgages relating to omg how cheap ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
omg how cheap ltd Companies House Filings - See Documents
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