Ark Wholesale Limited

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ark wholesale limited Company Information

Company Number

08914046

Next Accounts

467 days late

Directors

Imran Member

Yakub Khanjra

Shareholders

moss investments n/w limited

yakub khanjra

Group Structure

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Industry

Wholesale of furniture, carpets and lighting equipment

Registered Address

bottom croft mill, blackburn road, darwen, lancashire, BB3 1QJ

Website

www.arkfw.co.uk

ark wholesale limited Estimated Valuation

£726.4k

Pomanda estimates the enterprise value of ARK WHOLESALE LIMITED at £726.4k based on a Turnover of £2.3m and 0.32x industry multiple (adjusted for size and gross margin).

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Ark Wholesale Limited is a live company located in darwen, BB3 1QJ with a Companies House number of 08914046. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in February 2014, it's largest shareholder is moss investments n/w limited with a 80% stake. Ark Wholesale Limited is a established, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Ark Wholesale Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.1%)

EXPORT

Ark Wholesale Limited's latest turnover from March 2022 is estimated at £2.3 million and the company has net assets of £150.2 thousand. According to their latest financial statements, Ark Wholesale Limited has 15 employees and maintains cash reserves of £31 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Oct 2016	Oct 2015
Turnover	2,297,652	2,352,919	4,857,538	3,569,405	1,632,535	1,262,535	1,323,769
Other Income Or Grants
Cost Of Sales	1,631,257	1,673,963	3,469,845	2,496,419	1,176,193	885,816	931,714
Gross Profit	666,395	678,956	1,387,693	1,072,986	456,341	376,719	392,055
Admin Expenses	1,703,254	107,722	1,178,336	824,552	-67,175	182,027	369,994
Operating Profit	-1,036,859	571,234	209,357	248,434	523,516	194,692	22,061
Interest Payable	55,499	60,845	46,835	26,921	11,256
Interest Receivable	315	55	46	2,164	1,281	116	119
Pre-Tax Profit	-1,092,044	510,444	162,568	223,678	513,541	194,808	22,180
Tax		-96,984	-30,888	-42,499	-97,573	-38,961	-4,436
Profit After Tax	-1,092,044	413,460	131,680	181,179	415,968	155,846	17,744
Dividends Paid
Retained Profit	-1,092,044	413,460	131,680	181,179	415,968	155,846	17,744
Employee Costs	497,065	474,664	709,331	331,800	259,428	265,732	167,988
Number Of Employees	15	15	22	11	9	9	6
EBITDA*	-1,000,183	616,892	255,192	270,302	540,281	202,770	25,505

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Oct 2016	Oct 2015
Tangible Assets	129,402	166,078	194,538	87,474	42,407	32,312	19,259
Intangible Assets
Investments & Other
Debtors (Due After 1 year)		277,311	525,504	105,000
Total Fixed Assets	129,402	443,389	720,042	192,474	42,407	32,312	19,259
Stock & work in progress	1,200,098	1,119,132	1,363,872	1,233,526	783,294	415,953	379,915
Trade Debtors	21,167	158,970	640,144	472,402	102,057	51,482	34,576
Group Debtors
Misc Debtors		1,497,657		29,649		8,979
Cash	31	83,918	26,734	64,739	512,457	44,853	47,752
misc current assets
total current assets	1,221,296	2,859,677	2,030,750	1,800,316	1,397,808	521,267	462,243
total assets	1,350,698	3,303,066	2,750,792	1,992,790	1,440,215	553,579	481,502
Bank overdraft	193,665	349,688	801,338	451,320	346,345
Bank loan
Trade Creditors	303,354	165,655	592,288	534,233	132,104	208,129	363,758
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	145,907	932,976	164,206	292,595	438,155	65,398
total current liabilities	642,926	1,448,319	1,557,832	1,278,148	916,604	273,527	363,758
loans	540,094	560,978	282,917
hp & lease commitments
Accruals and Deferred Income
other liabilities	6,931	19,876	49,610
provisions	10,504	31,606	31,606	17,495	7,643	6,462
total long term liabilities	557,529	612,460	364,133	17,495	7,643	6,462
total liabilities	1,200,455	2,060,779	1,921,965	1,295,643	924,247	279,989	363,758
net assets	150,243	1,242,287	828,827	697,147	515,968	273,590	117,744
total shareholders funds	150,243	1,242,287	828,827	697,147	515,968	273,590	117,744

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Oct 2016	Oct 2015
Operating Activities
Operating Profit	-1,036,859	571,234	209,357	248,434	523,516	194,692	22,061
Depreciation	36,676	45,658	45,835	21,868	16,765	8,078	3,444
Amortisation
Tax		-96,984	-30,888	-42,499	-97,573	-38,961	-4,436
Stock	80,966	-244,740	130,346	450,232	783,294	36,038	379,915
Debtors	-1,912,771	768,290	558,597	504,994	102,057	25,885	34,576
Creditors	137,699	-426,633	58,055	402,129	132,104	-155,629	363,758
Accruals and Deferred Income	-787,069	768,770	-128,389	-145,560	438,155	65,398
Deferred Taxes & Provisions	-21,102		14,111	9,852	7,643	6,462
Cash flow from operations	161,150	338,495	-520,862	-461,002	135,259	18,117	-29,664
Investing Activities
capital expenditure		-17,198	-152,899	-66,935	-59,172	-21,131	-22,703
Change in Investments
cash flow from investments		-17,198	-152,899	-66,935	-59,172	-21,131	-22,703
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-20,884	278,061	282,917
Hire Purchase and Lease Commitments
other long term liabilities	-12,945	-29,734	49,610
share issue					100,000		100,000
interest	-55,184	-60,790	-46,789	-24,757	-9,975	116	119
cash flow from financing	-89,013	187,537	285,738	-24,757	90,025	116	100,119
cash and cash equivalents
cash	-83,887	57,184	-38,005	-447,718	512,457	-2,899	47,752
overdraft	-156,023	-451,650	350,018	104,975	346,345
change in cash	72,136	508,834	-388,023	-552,693	166,112	-2,899	47,752

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ark wholesale limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BB3 area or any other competitors across 12 key performance metrics.

ARK WHOLESALE LIMITED group structure

Ark Wholesale Limited has no subsidiary companies.

Ultimate parent company

MOSS INVESTMENTS (N/W) LTD

06091744

1 parent

ARK WHOLESALE LIMITED

08914046

ARK WHOLESALE LIMITED Shareholders

moss investments n/w limited	80%
yakub khanjra	20%

Ark Wholesale Limited currently has 2 directors. The longest serving directors include Mr Imran Member (Apr 2018) and Mr Yakub Khanjra (Apr 2018).

officer	country	age	start	end	role
Mr Imran Member	United Kingdom	45 years	Apr 2018	-	Director
Mr Yakub Khanjra		70 years	Apr 2018	-	Director

P&L

March 2022

turnover

2.3m

-2%

operating profit

-1m

gross margin

29.1%

+0.51%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2022

net assets

150.2k

-0.88%

total assets

1.4m

-0.59%

cash

-1%

net assets

Total assets minus all liabilities

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company number

08914046

Type

Private limited with Share Capital

industry

46470 - Wholesale of furniture, carpets and lighting equipment

incorporation date

February 2014

ultimate parent company

MOSS INVESTMENTS (N/W) LTD

previous names

ark furniture wholesale ltd (October 2021)

address

bottom croft mill, blackburn road, darwen, lancashire, BB3 1QJ

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 4 charges/mortgages relating to ark wholesale limited. Currently there are 1 open charges and 3 have been satisfied in the past.

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.

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ark wholesale limited Company Information

ark wholesale limited Estimated Valuation

ark wholesale limited Estimated Valuation

ark wholesale limited Estimated Valuation

Ark Wholesale Limited Overview

Ark Wholesale Limited Health Check

ARK WHOLESALE LIMITED financials

ark wholesale limited Credit Report and Business Information

Ark Wholesale Limited Competitor Analysis

ark wholesale limited Ownership

ark wholesale limited directors

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ark wholesale limited Companies House Filings - See Documents