my sofa covers ltd
my sofa covers ltd Company Information
Company Number
09014277
Next Accounts
Mar 2025
Industry
Manufacture of soft furnishings
Shareholders
oliver bond
emily bond
View AllGroup Structure
View All
Contact
Registered Address
44 rose lane, norwich, NR1 1PN
Website
www.mysofacovers.commy sofa covers ltd Estimated Valuation
Pomanda estimates the enterprise value of MY SOFA COVERS LTD at £106.5k based on a Turnover of £365.3k and 0.29x industry multiple (adjusted for size and gross margin).
my sofa covers ltd Estimated Valuation
Pomanda estimates the enterprise value of MY SOFA COVERS LTD at £301.9k based on an EBITDA of £98.1k and a 3.08x industry multiple (adjusted for size and gross margin).
my sofa covers ltd Estimated Valuation
Pomanda estimates the enterprise value of MY SOFA COVERS LTD at £330.9k based on Net Assets of £226.9k and 1.46x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
My Sofa Covers Ltd Overview
My Sofa Covers Ltd is a live company located in norwich, NR1 1PN with a Companies House number of 09014277. It operates in the manufacture of soft furnishings sector, SIC Code 13921. Founded in April 2014, it's largest shareholder is oliver bond with a 27.8% stake. My Sofa Covers Ltd is a established, micro sized company, Pomanda has estimated its turnover at £365.3k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
My Sofa Covers Ltd Health Check
Pomanda's financial health check has awarded My Sofa Covers Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £365.3k, make it smaller than the average company (£11.4m)
- My Sofa Covers Ltd
£11.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (8.8%)
- My Sofa Covers Ltd
8.8% - Industry AVG
Production
with a gross margin of 34.4%, this company has a comparable cost of product (34.4%)
- My Sofa Covers Ltd
34.4% - Industry AVG
Profitability
an operating margin of 23.9% make it more profitable than the average company (3.3%)
- My Sofa Covers Ltd
3.3% - Industry AVG
Employees
with 10 employees, this is below the industry average (67)
10 - My Sofa Covers Ltd
67 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has an equivalent pay structure (£27.7k)
- My Sofa Covers Ltd
£27.7k - Industry AVG
Efficiency
resulting in sales per employee of £36.5k, this is less efficient (£137.9k)
- My Sofa Covers Ltd
£137.9k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (52 days)
- My Sofa Covers Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is close to average (44 days)
- My Sofa Covers Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (63 days)
- My Sofa Covers Ltd
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (16 weeks)
9 weeks - My Sofa Covers Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.3%, this is a similar level of debt than the average (64.4%)
59.3% - My Sofa Covers Ltd
64.4% - Industry AVG
MY SOFA COVERS LTD financials
My Sofa Covers Ltd's latest turnover from June 2023 is estimated at £365.3 thousand and the company has net assets of £226.9 thousand. According to their latest financial statements, My Sofa Covers Ltd has 10 employees and maintains cash reserves of £44.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Feb 2018 | Apr 2017 | Apr 2016 | Apr 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 | 10 | 9 | 6 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Feb 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 472,021 | 32,369 | 13,350 | 13,699 | 15,852 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 900 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 472,021 | 32,369 | 13,350 | 13,699 | 15,852 | 900 | 0 | 0 | 0 |
| Stock & work in progress | 3,125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,261 | 14,448 | 313,804 | 164,383 | 29,971 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 26,993 | 45,411 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 44,617 | 294,889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 84,996 | 354,748 | 313,804 | 164,383 | 29,971 | 0 | 0 | 0 | 0 |
| total assets | 557,017 | 387,117 | 327,154 | 178,082 | 45,823 | 900 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 30,986 | 21,811 | 190,625 | 101,037 | 41,427 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 223,498 | 203,965 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 254,484 | 225,776 | 190,625 | 101,037 | 41,427 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 56,946 | 0 | 49,167 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 18,644 | 6,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 75,590 | 6,150 | 49,167 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 330,074 | 231,926 | 239,792 | 151,037 | 41,427 | 0 | 0 | 0 | 0 |
| net assets | 226,943 | 155,191 | 87,362 | 27,045 | 4,396 | 900 | 0 | 0 | 0 |
| total shareholders funds | 226,943 | 155,191 | 87,362 | 27,045 | 4,396 | 900 | 0 | 0 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Feb 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 10,952 | ||||||||
| Amortisation | 0 | 0 | |||||||
| Tax | |||||||||
| Stock | 3,125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -22,605 | -253,945 | 149,421 | 134,412 | 29,971 | 0 | 0 | 0 | 0 |
| Creditors | 9,175 | -168,814 | 89,588 | 59,610 | 41,427 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 19,533 | 203,965 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 12,494 | 6,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -900 | 900 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 56,946 | -49,167 | -833 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -250,272 | 294,889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -250,272 | 294,889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
my sofa covers ltd Credit Report and Business Information
My Sofa Covers Ltd Competitor Analysis
Perform a competitor analysis for my sofa covers ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in NR1 area or any other competitors across 12 key performance metrics.
my sofa covers ltd Ownership
MY SOFA COVERS LTD group structure
My Sofa Covers Ltd has no subsidiary companies.
Ultimate parent company
MY SOFA COVERS LTD
09014277
my sofa covers ltd directors
My Sofa Covers Ltd currently has 2 directors. The longest serving directors include Dr Michael Robinson (Apr 2014) and Mr Oliver Bond (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Michael Robinson | England | 61 years | Apr 2014 | - | Director |
| Mr Oliver Bond | England | 42 years | Mar 2018 | - | Director |
P&L
June 2023turnover
365.3k
+3%
operating profit
87.2k
0%
gross margin
34.5%
-3.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
226.9k
+0.46%
total assets
557k
+0.44%
cash
44.6k
-0.85%
net assets
Total assets minus all liabilities
Similar Companies
my sofa covers ltd company details
company number
09014277
Type
Private limited with Share Capital
industry
13921 - Manufacture of soft furnishings
incorporation date
April 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
apig limited (March 2018)
accountant
HAINES WATTS
auditor
-
address
44 rose lane, norwich, NR1 1PN
Bank
-
Legal Advisor
-
my sofa covers 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 did not find charges/mortgages relating to my sofa covers ltd.
my sofa covers ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
