sound advice hearing norwich ltd
sound advice hearing norwich ltd Company Information
Company Number
08073080
Website
www.soundadvicehearing.co.ukRegistered Address
1 bramley grove, heighington, lincolnshire, LN4 1FZ
Industry
Other human health activities
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
sound advice hearing limited 100%
sound advice hearing norwich ltd Estimated Valuation
Pomanda estimates the enterprise value of SOUND ADVICE HEARING NORWICH LTD at £345.4k based on a Turnover of £771.1k and 0.45x industry multiple (adjusted for size and gross margin).
sound advice hearing norwich ltd Estimated Valuation
Pomanda estimates the enterprise value of SOUND ADVICE HEARING NORWICH LTD at £122.7k based on an EBITDA of £34.4k and a 3.56x industry multiple (adjusted for size and gross margin).
sound advice hearing norwich ltd Estimated Valuation
Pomanda estimates the enterprise value of SOUND ADVICE HEARING NORWICH LTD at £278.1k based on Net Assets of £112.8k and 2.47x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Sound Advice Hearing Norwich Ltd Overview
Sound Advice Hearing Norwich Ltd is a live company located in lincolnshire, LN4 1FZ with a Companies House number of 08073080. It operates in the other human health activities sector, SIC Code 86900. Founded in May 2012, it's largest shareholder is sound advice hearing limited with a 100% stake. Sound Advice Hearing Norwich Ltd is a established, small sized company, Pomanda has estimated its turnover at £771.1k with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Sound Advice Hearing Norwich Ltd Health Check
Pomanda's financial health check has awarded Sound Advice Hearing Norwich Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £771.1k, make it in line with the average company (£682.6k)
- Sound Advice Hearing Norwich Ltd
£682.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 63%, show it is growing at a faster rate (5.5%)
- Sound Advice Hearing Norwich Ltd
5.5% - Industry AVG
Production
with a gross margin of 21.3%, this company has a higher cost of product (36.9%)
- Sound Advice Hearing Norwich Ltd
36.9% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (6%)
- Sound Advice Hearing Norwich Ltd
6% - Industry AVG
Employees
with 4 employees, this is below the industry average (18)
4 - Sound Advice Hearing Norwich Ltd
18 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has an equivalent pay structure (£25.1k)
- Sound Advice Hearing Norwich Ltd
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £192.8k, this is more efficient (£46.6k)
- Sound Advice Hearing Norwich Ltd
£46.6k - Industry AVG
Debtor Days
it gets paid by customers after 142 days, this is later than average (24 days)
- Sound Advice Hearing Norwich Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is slower than average (18 days)
- Sound Advice Hearing Norwich Ltd
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sound Advice Hearing Norwich Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Sound Advice Hearing Norwich Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63%, this is a higher level of debt than the average (25.9%)
63% - Sound Advice Hearing Norwich Ltd
25.9% - Industry AVG
SOUND ADVICE HEARING NORWICH LTD financials
Sound Advice Hearing Norwich Ltd's latest turnover from April 2023 is estimated at £771.1 thousand and the company has net assets of £112.8 thousand. According to their latest financial statements, Sound Advice Hearing Norwich Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 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 | 4 | 4 | 4 | 5 | 5 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 11,432 | 26,606 | 41,944 | 59,081 | 77,055 | 91,791 | 9,413 | 3,396 | 1,785 | 1,828 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,452 | 115,334 | 130,216 | 145,098 |
| 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 | 0 | 11,432 | 26,606 | 41,944 | 59,081 | 77,055 | 91,791 | 109,865 | 118,730 | 132,001 | 146,926 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 526 | 589 | 205 | 133 |
| Trade Debtors | 301,890 | 261,192 | 141,997 | 39,772 | 59,094 | 78,038 | 73,999 | 26,955 | 12,901 | 13,897 | 691 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,800 | 2,800 | 2,800 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,541 | 23,333 | 18,231 | 26,842 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 304,690 | 263,992 | 144,797 | 39,772 | 59,094 | 78,038 | 73,999 | 76,022 | 36,823 | 32,333 | 27,666 |
| total assets | 304,690 | 275,424 | 171,403 | 81,716 | 118,175 | 155,093 | 165,790 | 185,887 | 155,553 | 164,334 | 174,592 |
| 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 | 47,931 | 52,494 | 23,025 | 14,949 | 52,339 | 87,838 | 95,146 | 66,532 | 43,902 | 38,342 | 29,480 |
| Group/Directors Accounts | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 47,931 | 52,494 | 23,025 | 14,949 | 52,339 | 87,838 | 95,146 | 66,532 | 43,902 | 38,342 | 29,480 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,000 | 38,600 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 120,784 | 103,498 | 16,498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 23,213 | 32,500 | 45,000 | 0 | 0 | 0 | 9,850 | 83,600 | 86,400 | 86,400 | 146,600 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 357 | 366 |
| total long term liabilities | 143,997 | 135,998 | 61,498 | 0 | 0 | 0 | 9,850 | 83,600 | 103,400 | 125,357 | 146,966 |
| total liabilities | 191,928 | 188,492 | 84,523 | 14,949 | 52,339 | 87,838 | 104,996 | 150,132 | 147,302 | 163,699 | 176,446 |
| net assets | 112,762 | 86,932 | 86,880 | 66,767 | 65,836 | 67,255 | 60,794 | 35,755 | 8,251 | 635 | -1,854 |
| total shareholders funds | 112,762 | 86,932 | 86,880 | 66,767 | 65,836 | 67,255 | 60,794 | 35,755 | 8,251 | 635 | -1,854 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 2,083 | 1,060 | 601 | 81 | |||||||
| Amortisation | 14,882 | 14,882 | 14,882 | 3,720 | |||||||
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -526 | -63 | 384 | 72 | 133 |
| Debtors | 40,698 | 119,195 | 105,025 | -19,322 | -18,944 | 4,039 | 47,044 | 14,054 | -996 | 13,206 | 691 |
| Creditors | -4,563 | 29,469 | 8,076 | -37,390 | -35,499 | -7,308 | 28,614 | 22,630 | 5,560 | 8,862 | 29,480 |
| Accruals and Deferred Income | 17,286 | 87,000 | 16,498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -357 | -9 | 366 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 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 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,000 | -21,600 | 38,600 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,287 | -12,500 | 45,000 | 0 | 0 | -9,850 | -73,750 | -2,800 | 0 | -60,200 | 146,600 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -48,541 | 25,208 | 5,102 | -8,611 | 26,842 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -48,541 | 25,208 | 5,102 | -8,611 | 26,842 |
sound advice hearing norwich ltd Credit Report and Business Information
Sound Advice Hearing Norwich Ltd Competitor Analysis
Perform a competitor analysis for sound advice hearing norwich ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in LN4 area or any other competitors across 12 key performance metrics.
sound advice hearing norwich ltd Ownership
SOUND ADVICE HEARING NORWICH LTD group structure
Sound Advice Hearing Norwich Ltd has no subsidiary companies.
Ultimate parent company
2 parents
SOUND ADVICE HEARING NORWICH LTD
08073080
sound advice hearing norwich ltd directors
Sound Advice Hearing Norwich Ltd currently has 4 directors. The longest serving directors include Mr Paul Scigala (May 2012) and Mr Shafat Khan (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Scigala | 55 years | May 2012 | - | Director | |
| Mr Shafat Khan | England | 45 years | Dec 2017 | - | Director |
| Mrs Anne-Marie Scigala | United Kingdom | 52 years | Dec 2017 | - | Director |
| Mr Robert Allen | 59 years | Dec 2017 | - | Director |
P&L
April 2023turnover
771.1k
+17%
operating profit
34.4k
0%
gross margin
21.3%
-0.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
112.8k
+0.3%
total assets
304.7k
+0.11%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
sound advice hearing norwich ltd company details
company number
08073080
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
May 2012
age
12
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
norwich hearing centre ltd (November 2014)
accountant
-
auditor
-
address
1 bramley grove, heighington, lincolnshire, LN4 1FZ
Bank
-
Legal Advisor
-
sound advice hearing norwich 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 did not find charges/mortgages relating to sound advice hearing norwich ltd.
sound advice hearing norwich ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
