easyfit hearing aids limited
easyfit hearing aids limited Company Information
Group Structure
View All
Industry
Retail sale of hearing aids in specialised stores
Registered Address
24 gorham drive, tonbridge, kent, TN9 2DU
Website
www.easyfithearingaids.co.ukeasyfit hearing aids limited Estimated Valuation
Pomanda estimates the enterprise value of EASYFIT HEARING AIDS LIMITED at £126.8k based on a Turnover of £57k and 2.23x industry multiple (adjusted for size and gross margin).
easyfit hearing aids limited Estimated Valuation
Pomanda estimates the enterprise value of EASYFIT HEARING AIDS LIMITED at £43.9k based on an EBITDA of £3.6k and a 12.11x industry multiple (adjusted for size and gross margin).
easyfit hearing aids limited Estimated Valuation
Pomanda estimates the enterprise value of EASYFIT HEARING AIDS LIMITED at £559.3k based on Net Assets of £163.5k and 3.42x industry multiple (adjusted for liquidity).
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Easyfit Hearing Aids Limited Overview
Easyfit Hearing Aids Limited is a live company located in kent, TN9 2DU with a Companies House number of 08992334. It operates in the retail sale of hearing aids sector, SIC Code 47741. Founded in April 2014, it's largest shareholder is peregrine white with a 100% stake. Easyfit Hearing Aids Limited is a established, micro sized company, Pomanda has estimated its turnover at £57k with declining growth in recent years.
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Easyfit Hearing Aids Limited Health Check
Pomanda's financial health check has awarded Easyfit Hearing Aids Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £57k, make it smaller than the average company (£169.6k)
- Easyfit Hearing Aids Limited
£169.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (21.9%)
- Easyfit Hearing Aids Limited
21.9% - Industry AVG
Production
with a gross margin of 39.2%, this company has a comparable cost of product (39.2%)
- Easyfit Hearing Aids Limited
39.2% - Industry AVG
Profitability
an operating margin of 2.3% make it as profitable than the average company (2.8%)
- Easyfit Hearing Aids Limited
2.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Easyfit Hearing Aids Limited
2 - Industry AVG
Pay Structure
on an average salary of £10k, the company has an equivalent pay structure (£10k)
- Easyfit Hearing Aids Limited
£10k - Industry AVG
Efficiency
resulting in sales per employee of £57k, this is less efficient (£95.1k)
- Easyfit Hearing Aids Limited
£95.1k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (43 days)
- Easyfit Hearing Aids Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (36 days)
- Easyfit Hearing Aids Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is more than average (5 days)
- Easyfit Hearing Aids Limited
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 505 weeks, this is more cash available to meet short term requirements (9 weeks)
505 weeks - Easyfit Hearing Aids Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.5%, this is a lower level of debt than the average (36.9%)
9.5% - Easyfit Hearing Aids Limited
36.9% - Industry AVG
EASYFIT HEARING AIDS LIMITED financials
Easyfit Hearing Aids Limited's latest turnover from March 2024 is estimated at £57 thousand and the company has net assets of £163.5 thousand. According to their latest financial statements, Easyfit Hearing Aids Limited has 1 employee and maintains cash reserves of £166.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,457 | 7,796 | 11,138 | 15,912 | ||||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 5,457 | 7,796 | 11,138 | 15,912 | ||||||
| Stock & work in progress | 1,000 | 2,688 | 8,322 | 1,734 | 3,616 | |||||
| Trade Debtors | 7,054 | 10,262 | 141,764 | 116,441 | 100,332 | 68,468 | 2,824 | 3,252 | 1,462 | 5,908 |
| Group Debtors | ||||||||||
| Misc Debtors | 346 | 240 | 1,942 | 1,580 | ||||||
| Cash | 166,853 | 163,725 | 26,458 | 7,316 | 9,317 | 17,171 | ||||
| misc current assets | ||||||||||
| total current assets | 175,253 | 174,227 | 141,764 | 116,441 | 100,332 | 68,468 | 31,970 | 20,832 | 14,093 | 26,695 |
| total assets | 180,710 | 182,023 | 152,902 | 132,353 | 100,332 | 68,468 | 31,970 | 20,832 | 14,093 | 26,695 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,509 | 27,013 | 29,056 | 23,841 | 20,694 | 3,901 | 10,881 | 244 | 16,316 | |
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 14,660 | 25,952 | 14,196 | 8,871 | 11,751 | |||||
| total current liabilities | 17,169 | 25,952 | 27,013 | 29,056 | 23,841 | 20,694 | 18,097 | 19,752 | 11,995 | 16,316 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 790 | 550 | 854 | |||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | 790 | 550 | 854 | |||||||
| total liabilities | 17,169 | 25,952 | 27,803 | 29,606 | 24,695 | 20,694 | 18,097 | 19,752 | 11,995 | 16,316 |
| net assets | 163,541 | 156,071 | 125,099 | 102,747 | 75,637 | 47,774 | 13,873 | 1,080 | 2,098 | 10,379 |
| total shareholders funds | 163,541 | 156,071 | 125,099 | 102,747 | 75,637 | 47,774 | 13,873 | 1,080 | 2,098 | 10,379 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 2,339 | |||||||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | 1,000 | -2,688 | -5,634 | 6,588 | -1,882 | 3,616 | ||||
| Debtors | -3,102 | -131,262 | 25,323 | 16,109 | 31,864 | 65,644 | -2,370 | 2,152 | -2,866 | 5,908 |
| Creditors | 2,509 | -27,013 | -2,043 | 5,215 | 3,147 | 16,793 | -6,980 | 10,637 | -16,072 | 16,316 |
| Accruals and Deferred Income | -11,292 | 25,162 | 240 | -304 | 854 | -14,196 | 5,325 | -2,880 | 11,751 | |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 3,128 | 163,725 | -26,458 | 19,142 | -2,001 | -7,854 | 17,171 | |||
| overdraft | ||||||||||
| change in cash | 3,128 | 163,725 | -26,458 | 19,142 | -2,001 | -7,854 | 17,171 |
easyfit hearing aids limited Credit Report and Business Information
Easyfit Hearing Aids Limited Competitor Analysis
Perform a competitor analysis for easyfit hearing aids limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in TN9 area or any other competitors across 12 key performance metrics.
easyfit hearing aids limited Ownership
EASYFIT HEARING AIDS LIMITED group structure
Easyfit Hearing Aids Limited has no subsidiary companies.
Ultimate parent company
EASYFIT HEARING AIDS LIMITED
08992334
easyfit hearing aids limited directors
Easyfit Hearing Aids Limited currently has 1 director, Mr Peregrine White serving since Apr 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peregrine White | United Kingdom | 63 years | Apr 2014 | - | Director |
P&L
March 2024turnover
57k
-14%
operating profit
1.3k
0%
gross margin
39.3%
-0.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
163.5k
+0.05%
total assets
180.7k
-0.01%
cash
166.9k
+0.02%
net assets
Total assets minus all liabilities
easyfit hearing aids limited company details
company number
08992334
Type
Private limited with Share Capital
industry
47741 - Retail sale of hearing aids in specialised stores
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
24 gorham drive, tonbridge, kent, TN9 2DU
Bank
-
Legal Advisor
-
easyfit hearing aids 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 did not find charges/mortgages relating to easyfit hearing aids limited.
easyfit hearing aids 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.
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easyfit hearing aids limited Companies House Filings - See Documents
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