paddle.com market limited
paddle.com market limited Company Information
Company Number
08172165
Next Accounts
151 days late
Shareholders
ftv vi lp
83north iv lp
View AllGroup Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
judd house 18-29 mora street, london, EC1V 8BT
Website
https://www.paddle.compaddle.com market limited Estimated Valuation
Pomanda estimates the enterprise value of PADDLE.COM MARKET LIMITED at £42.9m based on a Turnover of £49m and 0.87x industry multiple (adjusted for size and gross margin).
paddle.com market limited Estimated Valuation
Pomanda estimates the enterprise value of PADDLE.COM MARKET LIMITED at £0 based on an EBITDA of £-24.9m and a 10.06x industry multiple (adjusted for size and gross margin).
paddle.com market limited Estimated Valuation
Pomanda estimates the enterprise value of PADDLE.COM MARKET LIMITED at £261.4m based on Net Assets of £118.5m and 2.21x industry multiple (adjusted for liquidity).
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Paddle.com Market Limited Overview
Paddle.com Market Limited is a live company located in london, EC1V 8BT with a Companies House number of 08172165. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in August 2012, it's largest shareholder is ftv vi lp with a 20.3% stake. Paddle.com Market Limited is a established, large sized company, Pomanda has estimated its turnover at £49m with rapid growth in recent years.
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Paddle.com Market Limited Health Check
Pomanda's financial health check has awarded Paddle.Com Market Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £49m, make it larger than the average company (£790.6k)
£49m - Paddle.com Market Limited
£790.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (7.3%)
65% - Paddle.com Market Limited
7.3% - Industry AVG
Production
with a gross margin of 54.4%, this company has a lower cost of product (36.2%)
54.4% - Paddle.com Market Limited
36.2% - Industry AVG
Profitability
an operating margin of -69.9% make it less profitable than the average company (3.1%)
-69.9% - Paddle.com Market Limited
3.1% - Industry AVG
Employees
with 292 employees, this is above the industry average (8)
292 - Paddle.com Market Limited
8 - Industry AVG
Pay Structure
on an average salary of £107.6k, the company has a higher pay structure (£29.6k)
£107.6k - Paddle.com Market Limited
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £167.9k, this is less efficient (£199.7k)
£167.9k - Paddle.com Market Limited
£199.7k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (20 days)
10 days - Paddle.com Market Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (34 days)
19 days - Paddle.com Market Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Paddle.com Market Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 65 weeks, this is more cash available to meet short term requirements (18 weeks)
65 weeks - Paddle.com Market Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.9%, this is a lower level of debt than the average (71.8%)
35.9% - Paddle.com Market Limited
71.8% - Industry AVG
PADDLE.COM MARKET LIMITED financials
Paddle.Com Market Limited's latest turnover from December 2022 is £49 million and the company has net assets of £118.5 million. According to their latest financial statements, Paddle.Com Market Limited has 292 employees and maintains cash reserves of £83.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 49,018,457 | 26,486,260 | 17,427,657 | 10,920,075 | 442,529 | |||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 22,358,505 | 12,793,071 | 8,133,706 | 5,647,145 | 249,957 | |||||
| Gross Profit | 26,659,952 | 13,693,189 | 9,293,951 | 5,272,930 | 192,572 | |||||
| Admin Expenses | 60,930,823 | 27,299,943 | 16,194,618 | 21,326,034 | 723,503 | |||||
| Operating Profit | -34,270,871 | -13,606,754 | -6,900,667 | -16,053,104 | -530,931 | |||||
| Interest Payable | 192,087 | 616,690 | 517,313 | 207,918 | ||||||
| Interest Receivable | 821,125 | |||||||||
| Pre-Tax Profit | -33,641,833 | -14,223,444 | -7,414,903 | -16,261,022 | -530,931 | |||||
| Tax | 416,843 | 452,857 | 383,168 | 523,710 | 65,335 | |||||
| Profit After Tax | -33,224,990 | -13,770,587 | -7,031,735 | -15,737,312 | -465,596 | |||||
| Dividends Paid | ||||||||||
| Retained Profit | -33,224,990 | -13,770,587 | -7,031,735 | -15,737,312 | -465,596 | |||||
| Employee Costs | 31,430,979 | 14,049,037 | 9,072,534 | 12,691,827 | ||||||
| Number Of Employees | 292 | 140 | 117 | 135 | 57 | 24 | 12 | |||
| EBITDA* | -24,853,241 | -13,380,712 | -6,737,659 | -15,825,975 | -499,470 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,009,529 | 1,085,966 | 125,317 | 218,704 | 333,162 | 143,310 | 7,974 | 12,239 | 6,840 | 5,881 |
| Intangible Assets | 87,536,896 | 3,872 | 31,168 | 50,236 | 94,261 | 142,121 | 49,814 | 75,393 | 96,420 | 560 |
| Investments & Other | 3,985 | 1,176,661 | ||||||||
| Debtors (Due After 1 year) | 549,652 | |||||||||
| Total Fixed Assets | 89,096,077 | 1,089,838 | 156,485 | 268,940 | 431,408 | 1,462,092 | 57,788 | 87,632 | 103,260 | 6,441 |
| Stock & work in progress | ||||||||||
| Trade Debtors | 1,364,889 | 315,116 | 6,469 | 75,068 | 1,000 | |||||
| Group Debtors | 193,988 | 94,645 | ||||||||
| Misc Debtors | 11,145,050 | 4,138,493 | 4,286,413 | 2,712,401 | 1,106,804 | 513,637 | 214,283 | |||
| Cash | 83,351,479 | 46,079,601 | 47,913,135 | 17,643,571 | 9,964,326 | 2,769,304 | 535,157 | 458,846 | 322,593 | 140,217 |
| misc current assets | ||||||||||
| total current assets | 95,861,418 | 50,533,210 | 52,199,548 | 20,362,441 | 11,265,118 | 3,377,586 | 749,440 | 533,914 | 323,593 | 140,217 |
| total assets | 184,957,495 | 51,623,048 | 52,356,033 | 20,631,381 | 11,696,526 | 4,839,678 | 807,228 | 621,546 | 426,853 | 146,658 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 1,193,009 | 891,922 | 250,233 | 219,315 | 277,237 | 70,643 | 92,088 | 623,948 | 118,611 | 108,559 |
| Group/Directors Accounts | 713,535 | 300,000 | ||||||||
| other short term finances | 113,106 | 1,023,766 | 2,396,536 | 300,000 | ||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 65,114,054 | 41,284,922 | 27,841,834 | 14,975,073 | 4,757,269 | 2,196,498 | 860,772 | |||
| total current liabilities | 66,420,169 | 43,200,610 | 30,488,603 | 15,494,388 | 5,748,041 | 2,267,141 | 1,252,860 | 623,948 | 118,611 | 108,559 |
| loans | 1,919,048 | 700,000 | ||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 22,243 | |||||||||
| provisions | 691,549 | |||||||||
| total long term liabilities | 1,919,048 | 1,391,549 | 22,243 | |||||||
| total liabilities | 66,420,169 | 43,200,610 | 32,407,651 | 16,885,937 | 5,748,041 | 2,267,141 | 1,275,103 | 623,948 | 118,611 | 108,559 |
| net assets | 118,537,326 | 8,422,438 | 19,948,382 | 3,745,444 | 5,948,485 | 2,572,537 | -467,875 | -2,402 | 308,242 | 38,099 |
| total shareholders funds | 118,537,326 | 8,422,438 | 19,948,382 | 3,745,444 | 5,948,485 | 2,572,537 | -467,875 | -2,402 | 308,242 | 38,099 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -34,270,871 | -13,606,754 | -6,900,667 | -16,053,104 | -530,931 | |||||
| Depreciation | 335,490 | 198,746 | 143,940 | 171,971 | 216,734 | 5,882 | 893 | 2,885 | 1,604 | |
| Amortisation | 9,082,140 | 27,296 | 19,068 | 55,158 | 49,564 | 25,579 | 28,221 | 24,140 | 140 | |
| Tax | 416,843 | 452,857 | 383,168 | 523,710 | 65,335 | |||||
| Stock | ||||||||||
| Debtors | 8,605,982 | 167,196 | 1,567,543 | 1,418,078 | 692,510 | 393,999 | 139,215 | 74,068 | 1,000 | |
| Creditors | 301,087 | 641,689 | 30,918 | -57,922 | 206,594 | -21,445 | -531,860 | 505,337 | 10,052 | 108,559 |
| Accruals and Deferred Income | 23,829,132 | 13,443,088 | 12,866,761 | 10,217,804 | 2,560,771 | 1,335,726 | 860,772 | |||
| Deferred Taxes & Provisions | -691,549 | 691,549 | ||||||||
| Cash flow from operations | -8,912,161 | 989,726 | 4,284,096 | -5,868,912 | -244,438 | |||||
| Investing Activities | ||||||||||
| capital expenditure | -1,939 | |||||||||
| Change in Investments | -3,985 | -1,172,676 | 1,176,661 | |||||||
| cash flow from investments | 3,985 | -1,939 | ||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -713,535 | 713,535 | -300,000 | 300,000 | ||||||
| Other Short Term Loans | -910,660 | -1,372,770 | 2,096,536 | 300,000 | ||||||
| Long term loans | -1,919,048 | 1,219,048 | 700,000 | |||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -22,243 | 22,243 | ||||||||
| share issue | ||||||||||
| interest | 629,038 | -616,690 | -517,313 | -207,918 | ||||||
| cash flow from financing | 143,058,256 | -1,663,865 | 26,032,944 | 13,612,818 | 322,366 | |||||
| cash and cash equivalents | ||||||||||
| cash | 37,271,878 | -1,833,534 | 30,269,564 | 7,679,245 | 7,195,022 | 2,234,147 | 76,311 | 136,253 | 182,376 | 140,217 |
| overdraft | ||||||||||
| change in cash | 37,271,878 | -1,833,534 | 30,269,564 | 7,679,245 | 7,195,022 | 2,234,147 | 76,311 | 136,253 | 182,376 | 140,217 |
paddle.com market limited Credit Report and Business Information
Paddle.com Market Limited Competitor Analysis
Perform a competitor analysis for paddle.com market limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC1V area or any other competitors across 12 key performance metrics.
paddle.com market limited Ownership
PADDLE.COM MARKET LIMITED group structure
Paddle.Com Market Limited has 1 subsidiary company.
paddle.com market limited directors
Paddle.Com Market Limited currently has 6 directors. The longest serving directors include Mr Stephen Chandler (Sep 2018) and Ms Laurel Bowden (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Chandler | United Kingdom | 56 years | Sep 2018 | - | Director |
| Ms Laurel Bowden | 59 years | Sep 2019 | - | Director | |
| Mr Kyle Griswold | Ireland | 42 years | Nov 2020 | - | Director |
| Mr Patrick Devine | United Kingdom | 36 years | Apr 2022 | - | Director |
| Mr James Fitzgerald | England | 53 years | Apr 2022 | - | Director |
| Mr Scott Galit | United States | 54 years | Aug 2023 | - | Director |
P&L
December 2022turnover
49m
+85%
operating profit
-34.3m
+152%
gross margin
54.4%
+5.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
118.5m
+13.07%
total assets
185m
+2.58%
cash
83.4m
+0.81%
net assets
Total assets minus all liabilities
Similar Companies
paddle.com market limited company details
company number
08172165
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
August 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
MOORE KINGSTON SMITH LLP
address
judd house 18-29 mora street, london, EC1V 8BT
Bank
-
Legal Advisor
-
paddle.com market 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 found 7 charges/mortgages relating to paddle.com market limited. Currently there are 3 open charges and 4 have been satisfied in the past.
paddle.com market limited Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for PADDLE.COM MARKET LIMITED. This can take several minutes, an email will notify you when this has completed.
paddle.com market limited Companies House Filings - See Documents
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