bargain footwear ltd
bargain footwear ltd Company Information
Company Number
08499650
Website
-Registered Address
152 birmingham road, sutton coldfield, west midlands, B72 1LY
Industry
Retail sale via mail order houses or via Internet
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Soheal Majid11 Years
Shareholders
soheal majid 100%
bargain footwear ltd Estimated Valuation
Pomanda estimates the enterprise value of BARGAIN FOOTWEAR LTD at £115.9k based on a Turnover of £497k and 0.23x industry multiple (adjusted for size and gross margin).
bargain footwear ltd Estimated Valuation
Pomanda estimates the enterprise value of BARGAIN FOOTWEAR LTD at £0 based on an EBITDA of £-3.7k and a 3.73x industry multiple (adjusted for size and gross margin).
bargain footwear ltd Estimated Valuation
Pomanda estimates the enterprise value of BARGAIN FOOTWEAR LTD at £952.6k based on Net Assets of £481.1k and 1.98x industry multiple (adjusted for liquidity).
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Bargain Footwear Ltd Overview
Bargain Footwear Ltd is a live company located in west midlands, B72 1LY with a Companies House number of 08499650. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in April 2013, it's largest shareholder is soheal majid with a 100% stake. Bargain Footwear Ltd is a established, micro sized company, Pomanda has estimated its turnover at £497k with declining growth in recent years.
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Bargain Footwear Ltd Health Check
Pomanda's financial health check has awarded Bargain Footwear Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £497k, make it larger than the average company (£324.6k)
- Bargain Footwear Ltd
£324.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (6.1%)
- Bargain Footwear Ltd
6.1% - Industry AVG
Production
with a gross margin of 36.6%, this company has a comparable cost of product (36.6%)
- Bargain Footwear Ltd
36.6% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (2.2%)
- Bargain Footwear Ltd
2.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Bargain Footwear Ltd
4 - Industry AVG
Pay Structure
on an average salary of £26.6k, the company has an equivalent pay structure (£26.6k)
- Bargain Footwear Ltd
£26.6k - Industry AVG
Efficiency
resulting in sales per employee of £165.7k, this is equally as efficient (£157.3k)
- Bargain Footwear Ltd
£157.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Bargain Footwear Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (33 days)
- Bargain Footwear Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 330 days, this is more than average (85 days)
- Bargain Footwear Ltd
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 105 weeks, this is more cash available to meet short term requirements (19 weeks)
105 weeks - Bargain Footwear Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28%, this is a lower level of debt than the average (75.1%)
28% - Bargain Footwear Ltd
75.1% - Industry AVG
BARGAIN FOOTWEAR LTD financials
Bargain Footwear Ltd's latest turnover from March 2023 is estimated at £497 thousand and the company has net assets of £481.1 thousand. According to their latest financial statements, Bargain Footwear Ltd has 3 employees and maintains cash reserves of £379.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | 5 | 4 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 148 | 148 | 624 | 1,100 | 1,576 | 1,102 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 0 | 148 | 148 | 624 | 1,100 | 1,576 | 1,102 | 0 | 0 |
| Stock & work in progress | 285,712 | 272,164 | 0 | 0 | 0 | 0 | 188,156 | 166,129 | 121,654 | 28,665 |
| Trade Debtors | 0 | 0 | 739,037 | 536,170 | 501,001 | 419,667 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,388 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 379,228 | 405,454 | 0 | 0 | 0 | 0 | 138,197 | 56,340 | 20,442 | 4,518 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 668,328 | 677,618 | 739,037 | 536,170 | 501,001 | 419,667 | 326,353 | 222,469 | 142,096 | 33,183 |
| total assets | 668,328 | 677,618 | 739,185 | 536,318 | 501,625 | 420,767 | 327,929 | 223,571 | 142,096 | 33,183 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 48,352 | 24,888 | 289,237 | 188,248 | 182,389 | 164,162 | 24,665 | 27,227 | 104,657 | 23,124 |
| Group/Directors Accounts | 130,428 | 166,890 | 0 | 0 | 0 | 0 | 94,208 | 62,719 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,421 | 15,232 | 0 | 0 | 0 | 0 | 33,284 | 32,848 | 0 | 0 |
| total current liabilities | 187,201 | 207,010 | 289,237 | 188,248 | 182,389 | 164,162 | 152,157 | 122,794 | 104,657 | 23,124 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,280 | 5,280 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,280 | 5,280 | 0 |
| total liabilities | 187,201 | 207,010 | 289,237 | 188,248 | 182,389 | 164,162 | 152,157 | 128,074 | 109,937 | 23,124 |
| net assets | 481,127 | 470,608 | 449,948 | 348,070 | 319,236 | 256,605 | 175,772 | 95,497 | 32,159 | 10,059 |
| total shareholders funds | 481,127 | 470,608 | 449,948 | 348,070 | 319,236 | 256,605 | 175,772 | 95,497 | 32,159 | 10,059 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 526 | 276 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||
| Stock | 13,548 | 272,164 | 0 | 0 | 0 | -188,156 | 22,027 | 44,475 | 92,989 | 28,665 |
| Debtors | 3,388 | -739,037 | 202,867 | 35,169 | 81,334 | 419,667 | 0 | 0 | 0 | 0 |
| Creditors | 23,464 | -264,349 | 100,989 | 5,859 | 18,227 | 139,497 | -2,562 | -77,430 | 81,533 | 23,124 |
| Accruals and Deferred Income | -6,811 | 15,232 | 0 | 0 | 0 | -33,284 | 436 | 32,848 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 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 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -36,462 | 166,890 | 0 | 0 | 0 | -94,208 | 31,489 | 62,719 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -5,280 | 0 | 5,280 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -26,226 | 405,454 | 0 | 0 | 0 | -138,197 | 81,857 | 35,898 | 15,924 | 4,518 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -26,226 | 405,454 | 0 | 0 | 0 | -138,197 | 81,857 | 35,898 | 15,924 | 4,518 |
bargain footwear ltd Credit Report and Business Information
Bargain Footwear Ltd Competitor Analysis
Perform a competitor analysis for bargain footwear ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bargain footwear ltd Ownership
BARGAIN FOOTWEAR LTD group structure
Bargain Footwear Ltd has no subsidiary companies.
Ultimate parent company
BARGAIN FOOTWEAR LTD
08499650
bargain footwear ltd directors
Bargain Footwear Ltd currently has 1 director, Mr Soheal Majid serving since Apr 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Soheal Majid | United Kingdom | 44 years | Apr 2013 | - | Director |
P&L
March 2023turnover
497k
+8%
operating profit
-3.7k
0%
gross margin
36.6%
-1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
481.1k
+0.02%
total assets
668.3k
-0.01%
cash
379.2k
-0.06%
net assets
Total assets minus all liabilities
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bargain footwear ltd company details
company number
08499650
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
April 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
modinshu ltd (March 2016)
incorporated
UK
address
152 birmingham road, sutton coldfield, west midlands, B72 1LY
last accounts submitted
March 2023
bargain footwear 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 bargain footwear ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
bargain footwear ltd Companies House Filings - See Documents
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