m rugs limited
m rugs limited Company Information
Company Number
08924587
Website
www.modern-rugs.co.ukRegistered Address
4th floor cathedral buildings, dean street, newcastle upon tyne, NE1 1PG
Industry
Activities of distribution holding companies
Telephone
01388663738
Next Accounts Due
September 2024
Group Structure
View All
Directors
Nicholas Acaster4 Years
Shareholders
floorings direct limited 100%
m rugs limited Estimated Valuation
Pomanda estimates the enterprise value of M RUGS LIMITED at £618.9k based on a Turnover of £492.5k and 1.26x industry multiple (adjusted for size and gross margin).
m rugs limited Estimated Valuation
Pomanda estimates the enterprise value of M RUGS LIMITED at £0 based on an EBITDA of £-97.8k and a 4.76x industry multiple (adjusted for size and gross margin).
m rugs limited Estimated Valuation
Pomanda estimates the enterprise value of M RUGS LIMITED at £344.4k based on Net Assets of £597.8k and 0.58x industry multiple (adjusted for liquidity).
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M Rugs Limited Overview
M Rugs Limited is a dissolved company that was located in newcastle upon tyne, NE1 1PG with a Companies House number of 08924587. It operated in the activities of distribution holding companies sector, SIC Code 64204. Founded in March 2014, it's largest shareholder was floorings direct limited with a 100% stake. The last turnover for M Rugs Limited was estimated at £492.5k.
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M Rugs Limited Health Check
Pomanda's financial health check has awarded M Rugs Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
5 Weak
Size
annual sales of £492.5k, make it smaller than the average company (£20.6m)
- M Rugs Limited
£20.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (3.9%)
- M Rugs Limited
3.9% - Industry AVG
Production
with a gross margin of 26.7%, this company has a comparable cost of product (26.7%)
- M Rugs Limited
26.7% - Industry AVG
Profitability
an operating margin of -19.9% make it less profitable than the average company (3.2%)
- M Rugs Limited
3.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (90)
2 - M Rugs Limited
90 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)
- M Rugs Limited
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £246.2k, this is equally as efficient (£246.2k)
- M Rugs Limited
£246.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- M Rugs Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- M Rugs Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- M Rugs Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - M Rugs Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.1%, this is a higher level of debt than the average (68.3%)
82.1% - M Rugs Limited
68.3% - Industry AVG
M RUGS LIMITED financials
M Rugs Limited's latest turnover from August 2019 is estimated at £492.5 thousand and the company has net assets of £597.8 thousand. According to their latest financial statements, M Rugs Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,329,737 | 3,329,737 | 3,329,737 | 3,329,737 | 3,329,737 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,329,737 | 3,329,737 | 3,329,737 | 3,329,737 | 3,329,737 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 6,992 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,492 | 2,000 | 2,200 | 6,371 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,492 | 2,000 | 2,200 | 6,371 | 6,992 |
| total assets | 3,334,229 | 3,331,737 | 3,331,937 | 3,336,108 | 3,336,729 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 1,689,381 |
| Group/Directors Accounts | 1,894,979 | 1,785,645 | 1,369,660 | 1,572,547 | 0 |
| other short term finances | 0 | 0 | 464,947 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 841,409 | 555,982 | 189,734 | 185,432 | 0 |
| total current liabilities | 2,736,388 | 2,341,627 | 2,024,341 | 1,757,979 | 1,689,381 |
| loans | 0 | 0 | 883,393 | 1,394,840 | 1,325,090 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 294,464 | 0 | 150,000 | 393,000 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 294,464 | 883,393 | 1,544,840 | 1,718,090 |
| total liabilities | 2,736,388 | 2,636,091 | 2,907,734 | 3,302,819 | 3,407,471 |
| net assets | 597,841 | 695,646 | 424,203 | 33,289 | -70,742 |
| total shareholders funds | 597,841 | 695,646 | 424,203 | 33,289 | -70,742 |
| Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,492 | -200 | -4,171 | -621 | 6,992 |
| Creditors | 0 | 0 | 0 | -1,689,381 | 1,689,381 |
| Accruals and Deferred Income | 285,427 | 366,248 | 4,302 | 185,432 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 3,329,737 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 109,334 | 415,985 | -202,887 | 1,572,547 | 0 |
| Other Short Term Loans | 0 | -464,947 | 464,947 | 0 | 0 |
| Long term loans | 0 | -883,393 | -511,447 | 69,750 | 1,325,090 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -294,464 | 294,464 | -150,000 | -243,000 | 393,000 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
m rugs limited Credit Report and Business Information
M Rugs Limited Competitor Analysis
Perform a competitor analysis for m rugs limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in NE1 area or any other competitors across 12 key performance metrics.
m rugs limited Ownership
M RUGS LIMITED group structure
M Rugs Limited has 1 subsidiary company.
Ultimate parent company
1 parent
M RUGS LIMITED
08924587
1 subsidiary
m rugs limited directors
M Rugs Limited currently has 1 director, Mr Nicholas Acaster serving since Dec 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Acaster | England | 49 years | Dec 2019 | - | Director |
P&L
August 2019turnover
492.5k
-4%
operating profit
-97.8k
0%
gross margin
26.7%
-1.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2019net assets
597.8k
-0.14%
total assets
3.3m
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
m rugs limited company details
company number
08924587
Type
Private limited with Share Capital
industry
64204 - Activities of distribution holding companies
incorporation date
March 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
August 2019
address
4th floor cathedral buildings, dean street, newcastle upon tyne, NE1 1PG
accountant
-
auditor
-
m rugs 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 3 charges/mortgages relating to m rugs limited. Currently there are 0 open charges and 3 have been satisfied in the past.
m rugs limited Companies House Filings - See Documents
| date | description | view/download |
|---|
