fortune stores limited
fortune stores limited Company Information
Company Number
08023615
Website
premier-stores.co.ukRegistered Address
c/o focus insolvency group, skull house lane, wigan, WN6 9DW
Industry
Other retail sale in non-specialised stores
Telephone
01942245576
Next Accounts Due
May 2024
Group Structure
View All
Directors
Dharmesh Mepani12 Years
Shareholders
dharmesh hirji mepani 50%
kantilal hirji mepani 50%
fortune stores limited Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE STORES LIMITED at £172.9k based on a Turnover of £535.4k and 0.32x industry multiple (adjusted for size and gross margin).
fortune stores limited Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE STORES LIMITED at £385.7k based on an EBITDA of £106.6k and a 3.62x industry multiple (adjusted for size and gross margin).
fortune stores limited Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE STORES LIMITED at £585.9k based on Net Assets of £137.6k and 4.26x industry multiple (adjusted for liquidity).
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Fortune Stores Limited Overview
Fortune Stores Limited is a dissolved company that was located in wigan, WN6 9DW with a Companies House number of 08023615. It operated in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in April 2012, it's largest shareholder was dharmesh hirji mepani with a 50% stake. The last turnover for Fortune Stores Limited was estimated at £535.4k.
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Fortune Stores Limited Health Check
Pomanda's financial health check has awarded Fortune Stores Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £535.4k, make it smaller than the average company (£1.2m)
- Fortune Stores Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (2.1%)
- Fortune Stores Limited
2.1% - Industry AVG
Production
with a gross margin of 27.4%, this company has a higher cost of product (43.6%)
- Fortune Stores Limited
43.6% - Industry AVG
Profitability
an operating margin of 19.9% make it more profitable than the average company (4.1%)
- Fortune Stores Limited
4.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (30)
1 - Fortune Stores Limited
30 - Industry AVG
Pay Structure
on an average salary of £16.5k, the company has an equivalent pay structure (£16.5k)
- Fortune Stores Limited
£16.5k - Industry AVG
Efficiency
resulting in sales per employee of £535.4k, this is more efficient (£77.2k)
- Fortune Stores Limited
£77.2k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (7 days)
- Fortune Stores Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (33 days)
- Fortune Stores Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fortune Stores Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fortune Stores Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.9%, this is a lower level of debt than the average (69.4%)
24.9% - Fortune Stores Limited
69.4% - Industry AVG
fortune stores limited Credit Report and Business Information
Fortune Stores Limited Competitor Analysis
Perform a competitor analysis for fortune stores limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fortune stores limited Ownership
FORTUNE STORES LIMITED group structure
Fortune Stores Limited has no subsidiary companies.
Ultimate parent company
FORTUNE STORES LIMITED
08023615
fortune stores limited directors
Fortune Stores Limited currently has 1 director, Mr Dharmesh Mepani serving since Apr 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dharmesh Mepani | United Kingdom | 41 years | Apr 2012 | - | Director |
FORTUNE STORES LIMITED financials
Fortune Stores Limited's latest turnover from November 2020 is estimated at £535.4 thousand and the company has net assets of £137.6 thousand. According to their latest financial statements, Fortune Stores Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 2 | 2 | 2 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 27,444 | 34,000 | 43,169 | 52,684 | 8,861 | 11,087 | 13,600 |
| Intangible Assets | 0 | 0 | 0 | 0 | 22,996 | 45,996 | 68,996 | 91,996 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 27,444 | 34,000 | 43,169 | 75,680 | 54,857 | 80,083 | 105,596 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 85,000 | 65,000 | 65,000 | 65,000 |
| Trade Debtors | 183,353 | 121,198 | 113,801 | 119,795 | 14,708 | 5,932 | 7,607 | 6,577 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 6,318 | 20,590 | 17,552 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 183,353 | 121,198 | 113,801 | 119,795 | 106,026 | 91,522 | 90,159 | 71,577 |
| total assets | 183,353 | 148,642 | 147,801 | 162,964 | 181,706 | 146,379 | 170,242 | 177,173 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 859 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 44,933 | 42,216 | 52,614 | 56,144 | 80,311 | 44,331 | 45,496 | 41,775 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 44,933 | 42,216 | 52,614 | 56,144 | 80,311 | 44,331 | 45,496 | 42,634 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 780 | 55,170 | 44,071 | 56,828 | 62,786 | 76,980 | 110,533 | 123,405 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 780 | 55,170 | 44,071 | 56,828 | 62,786 | 76,980 | 110,533 | 123,405 |
| total liabilities | 45,713 | 97,386 | 96,685 | 112,972 | 143,097 | 121,311 | 156,029 | 166,039 |
| net assets | 137,640 | 51,256 | 51,116 | 49,992 | 38,609 | 25,068 | 14,213 | 11,134 |
| total shareholders funds | 137,640 | 51,256 | 51,116 | 49,992 | 38,609 | 25,068 | 14,213 | 11,134 |
| Nov 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 7,530 | 2,425 | 2,823 | 3,366 | ||||
| Amortisation | 23,000 | 23,000 | 23,000 | 23,004 | ||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | -85,000 | 20,000 | 0 | 0 | 65,000 |
| Debtors | 62,155 | 7,397 | -5,994 | 105,087 | 8,776 | -1,675 | 1,030 | 6,577 |
| Creditors | 2,717 | -10,398 | -3,530 | -24,167 | 35,980 | -1,165 | 3,721 | 41,775 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -54,390 | 11,099 | -12,757 | -5,958 | -14,194 | -33,553 | -12,872 | 123,405 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | -6,318 | -14,272 | 3,038 | 17,552 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -859 | 859 |
| change in cash | 0 | 0 | 0 | -6,318 | -14,272 | 3,038 | 18,411 | -859 |
P&L
November 2020turnover
535.4k
+29%
operating profit
106.6k
0%
gross margin
27.5%
-2.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2020net assets
137.6k
+1.69%
total assets
183.4k
+0.23%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
fortune stores limited company details
company number
08023615
Type
Private limited with Share Capital
industry
47190 - Other retail sale in non-specialised stores
incorporation date
April 2012
age
12
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o focus insolvency group, skull house lane, wigan, WN6 9DW
last accounts submitted
November 2020
fortune stores 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 did not find charges/mortgages relating to fortune stores limited.
fortune stores limited Companies House Filings - See Documents
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