Ideal Tiles & Bathrooms Ltd

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ideal tiles & bathrooms ltd Company Information

Dissolved

Company Number

08916156

Website

Registered Address

1 central business park, neptune close, rochester, kent, ME2 4LW

Industry

Floor and wall covering

Telephone

01634719405

Next Accounts Due

October 2024

Group Structure

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Directors

Jane Tulett10 Years

Shareholders

jane marie tulett 40%

richard peter tulett 40%

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ideal tiles & bathrooms ltd Estimated Valuation

£22.1k

Pomanda estimates the enterprise value of IDEAL TILES & BATHROOMS LTD at £22.1k based on a Turnover of £65.4k and 0.34x industry multiple (adjusted for size and gross margin).

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Ideal Tiles & Bathrooms Ltd is a dissolved company that was located in rochester, ME2 4LW with a Companies House number of 08916156. It operated in the floor and wall covering sector, SIC Code 43330. Founded in February 2014, it's largest shareholder was jane marie tulett with a 40% stake. The last turnover for Ideal Tiles & Bathrooms Ltd was estimated at £65.4k.

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Pomanda's financial health check has awarded Ideal Tiles & Bathrooms Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £65.4k, make it smaller than the average company (£243.5k)

Growth

3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (2.1%)

EXPORT

Ideal Tiles & Bathrooms Ltd's latest turnover from March 2021 is estimated at £65.4 thousand and the company has net assets of £3.7 thousand. According to their latest financial statements, Ideal Tiles & Bathrooms Ltd has 2 employees and maintains cash reserves of £8.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Turnover	65,394	119,635	140,788	203,928	254,526	224,956	396,498
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	45,881	84,926	98,353	140,203	177,873	155,749	268,302
Gross Profit	19,513	34,709	42,434	63,726	76,653	69,207	128,196
Admin Expenses	26,911	45,036	53,132	33,089	77,165	60,531	128,145
Operating Profit	-7,398	-10,327	-10,698	30,637	-512	8,676	51
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	13	23	281	204	110	158	27
Pre-Tax Profit	-7,385	-10,304	-10,417	30,841	-402	8,834	78
Tax	0	0	0	-5,860	0	-1,767	-16
Profit After Tax	-7,385	-10,304	-10,417	24,981	-402	7,067	62
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-7,385	-10,304	-10,417	24,981	-402	7,067	62
Employee Costs	51,064	55,862	58,349	70,028	70,028	76,929	103,768
Number Of Employees	2	2	2	2	2	2	3
EBITDA*	-7,398	-10,327	-5,246	38,057	-512	13,020	5,601

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Tangible Assets	0	12,267	16,355	24,778	27,898	13,031	18,650
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	0	12,267	16,355	24,778	27,898	13,031	18,650
Stock & work in progress	0	0	450	1,500	1,750	3,950	1,800
Trade Debtors	53	5,088	12,976	38,181	36,019	29,858	57,906
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	2,724	11,806	3,245	0
Cash	8,320	17,291	29,629	45,410	36,079	52,015	10,992
misc current assets	0	0	0	0	0	0	0
total current assets	8,373	22,379	43,055	87,815	85,654	89,068	70,698
total assets	8,373	34,646	59,410	112,593	113,552	102,099	89,348
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	4,671	21,228	29,881	24,636	44,143	26,678	89,186
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	3,214	14,256	255	0
other current liabilities	0	0	0	40,295	42,747	65,331	0
total current liabilities	4,671	21,228	29,881	68,145	101,146	92,264	89,186
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	4,607	7,933	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	0	2,331	3,531	4,707	5,579	2,606	0
total long term liabilities	0	2,331	8,138	12,640	5,579	2,606	0
total liabilities	4,671	23,559	38,019	80,785	106,725	94,870	89,186
net assets	3,702	11,087	21,391	31,808	6,827	7,229	162
total shareholders funds	3,702	11,087	21,391	31,808	6,827	7,229	162

	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Operating Activities
Operating Profit	-7,398	-10,327	-10,698	30,637	-512	8,676	51
Depreciation	0	0	5,452	7,420	0	4,344	5,550
Amortisation	0	0	0	0	0	0	0
Tax	0	0	0	-5,860	0	-1,767	-16
Stock	0	-450	-1,050	-250	-2,200	2,150	1,800
Debtors	-5,035	-7,888	-27,929	-6,920	14,722	-24,803	57,906
Creditors	-16,557	-8,653	5,245	-19,507	17,465	-62,508	89,186
Accruals and Deferred Income	0	0	-40,295	-2,452	-22,584	65,331	0
Deferred Taxes & Provisions	-2,331	-1,200	-1,176	-872	2,973	2,606	0
Cash flow from operations	-21,251	-11,842	-12,493	16,536	-15,180	39,335	35,065
Investing Activities
capital expenditure	12,267	4,088	2,971	-4,300	-14,867	1,275	-24,200
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	12,267	4,088	2,971	-4,300	-14,867	1,275	-24,200
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-4,607	-6,540	-3,109	14,001	255	0
other long term liabilities	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	100
interest	13	23	281	204	110	158	27
cash flow from financing	13	-4,584	-6,259	-2,905	14,111	413	127
cash and cash equivalents
cash	-8,971	-12,338	-15,781	9,331	-15,936	41,023	10,992
overdraft	0	0	0	0	0	0	0
change in cash	-8,971	-12,338	-15,781	9,331	-15,936	41,023	10,992

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 ideal tiles & bathrooms ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in ME2 area or any other competitors across 12 key performance metrics.

IDEAL TILES & BATHROOMS LTD group structure

Ideal Tiles & Bathrooms Ltd has no subsidiary companies.

Ultimate parent company

IDEAL TILES & BATHROOMS LTD

08916156

IDEAL TILES & BATHROOMS LTD Shareholders

jane marie tulett	40%
richard peter tulett	40%
jane elizabeth tulett	20%

Ideal Tiles & Bathrooms Ltd currently has 1 director, Mrs Jane Tulett serving since Feb 2014.

officer	country	age	start	end	role
Mrs Jane Tulett	England	65 years	Feb 2014	-	Director

P&L

March 2021

turnover

65.4k

-45%

operating profit

-7.4k

gross margin

29.9%

+2.85%

turnover

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

Balance Sheet

March 2021

net assets

3.7k

-0.67%

total assets

8.4k

-0.76%

cash

8.3k

-0.52%

net assets

Total assets minus all liabilities

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company number

08916156

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

February 2014

ultimate parent company

None

previous names

N/A

address

1 central business park, neptune close, rochester, kent, ME2 4LW

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 ideal tiles & bathrooms ltd.

ideal tiles & bathrooms ltd Company Information

ideal tiles & bathrooms ltd Estimated Valuation

ideal tiles & bathrooms ltd Estimated Valuation

ideal tiles & bathrooms ltd Estimated Valuation

Ideal Tiles & Bathrooms Ltd Overview

Ideal Tiles & Bathrooms Ltd Health Check

IDEAL TILES & BATHROOMS LTD financials

ideal tiles & bathrooms ltd Credit Report and Business Information

Ideal Tiles & Bathrooms Ltd Competitor Analysis

ideal tiles & bathrooms ltd Ownership

ideal tiles & bathrooms ltd directors

ideal tiles & bathrooms ltd company details

ideal tiles & bathrooms ltd Charges & Mortgages

ideal tiles & bathrooms ltd Companies House Filings - See Documents