hip store limited
hip store limited Company Information
Company Number
09034290
Next Accounts
153 days late
Shareholders
jd sports fashion plc
Group Structure
View All
Industry
Retail sale of footwear in specialised stores
+3Registered Address
edinburgh house, hollinsbrook way, bury, lancashire, BL9 8RR
Website
www.thehipstore.co.ukhip store limited Estimated Valuation
Pomanda estimates the enterprise value of HIP STORE LIMITED at £6.8m based on a Turnover of £12.9m and 0.53x industry multiple (adjusted for size and gross margin).
hip store limited Estimated Valuation
Pomanda estimates the enterprise value of HIP STORE LIMITED at £0 based on an EBITDA of £-501k and a 4.32x industry multiple (adjusted for size and gross margin).
hip store limited Estimated Valuation
Pomanda estimates the enterprise value of HIP STORE LIMITED at £0 based on Net Assets of £-4.3m and 2.51x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Hip Store Limited Overview
Hip Store Limited is a live company located in bury, BL9 8RR with a Companies House number of 09034290. It operates in the retail sale of textiles in specialised stores sector, SIC Code 47510. Founded in May 2014, it's largest shareholder is jd sports fashion plc with a 100% stake. Hip Store Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.9m with rapid growth in recent years.
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Hip Store Limited Health Check
Pomanda's financial health check has awarded Hip Store Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £12.9m, make it larger than the average company (£8.3m)
£12.9m - Hip Store Limited
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (5.6%)
36% - Hip Store Limited
5.6% - Industry AVG
Production
with a gross margin of 31.5%, this company has a higher cost of product (44.2%)
31.5% - Hip Store Limited
44.2% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (5.4%)
-4.9% - Hip Store Limited
5.4% - Industry AVG
Employees
with 37 employees, this is below the industry average (58)
37 - Hip Store Limited
58 - Industry AVG
Pay Structure
on an average salary of £34.1k, the company has a higher pay structure (£25.1k)
£34.1k - Hip Store Limited
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £348.2k, this is more efficient (£147.7k)
£348.2k - Hip Store Limited
£147.7k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (19 days)
2 days - Hip Store Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is close to average (41 days)
38 days - Hip Store Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 174 days, this is more than average (133 days)
174 days - Hip Store Limited
133 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (15 weeks)
10 weeks - Hip Store Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 157.1%, this is a higher level of debt than the average (68.7%)
157.1% - Hip Store Limited
68.7% - Industry AVG
HIP STORE LIMITED financials
Hip Store Limited's latest turnover from January 2023 is £12.9 million and the company has net assets of -£4.3 million. According to their latest financial statements, Hip Store Limited has 37 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,882,000 | 8,445,000 | 6,325,000 | 5,089,000 | 2,453,197 | 2,195,674 | 1,462,567 | 846,790 | 454,464 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 8,819,000 | 5,425,000 | 4,604,000 | 3,624,000 | 1,538,923 | 1,396,166 | 878,643 | 620,655 | 278,650 |
| Gross Profit | 4,063,000 | 3,020,000 | 1,721,000 | 1,465,000 | 914,274 | 799,508 | 583,924 | 226,135 | 175,814 |
| Admin Expenses | 4,691,000 | 3,942,000 | 2,896,000 | ||||||
| Operating Profit | -628,000 | -922,000 | -1,175,000 | ||||||
| Interest Payable | 188,000 | 85,000 | |||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | -816,000 | -1,007,000 | -1,175,000 | -914,000 | -450,396 | -196,671 | -228,653 | -295,027 | -235,097 |
| Tax | 130,000 | 200,000 | 213,000 | 165,000 | 98,480 | 71,751 | 39,772 | 51,782 | 49,124 |
| Profit After Tax | -686,000 | -807,000 | -962,000 | -749,000 | -351,916 | -124,920 | -188,881 | -243,245 | -185,973 |
| Dividends Paid | |||||||||
| Retained Profit | -686,000 | -807,000 | -962,000 | -749,000 | -351,916 | -124,920 | -188,881 | -243,245 | -185,973 |
| Employee Costs | 1,260,000 | 964,000 | 1,215,000 | 882,000 | 548,219 | 400,264 | 293,920 | 168,351 | 111,768 |
| Number Of Employees | 37 | 36 | 49 | 43 | 23 | 17 | 14 | 12 | 12 |
| EBITDA* | -501,000 | -711,000 | -926,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 56,000 | 167,000 | 541,000 | 719,000 | 423,168 | 24,312 | 10,263 | 66,827 | 5,710 |
| Intangible Assets | |||||||||
| Investments & Other | 16,298 | ||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 56,000 | 167,000 | 541,000 | 719,000 | 439,466 | 24,312 | 10,263 | 66,827 | 5,710 |
| Stock & work in progress | 4,219,000 | 3,086,000 | 1,947,000 | 1,786,000 | 1,258,720 | 288,573 | 236,844 | 219,675 | 171,337 |
| Trade Debtors | 91,000 | 209,000 | 195,000 | 20,829 | |||||
| Group Debtors | 53,000 | 217,000 | 193,000 | ||||||
| Misc Debtors | 774,000 | 447,000 | 404,000 | 113,000 | 43,175 | 54,627 | 31,844 | 22,852 | 35,475 |
| Cash | 2,341,000 | 2,415,000 | 170,000 | 938,000 | 274,053 | 359,228 | 107,172 | 25,771 | 9,068 |
| misc current assets | |||||||||
| total current assets | 7,478,000 | 6,374,000 | 2,909,000 | 2,837,000 | 1,575,948 | 702,428 | 375,860 | 268,298 | 236,709 |
| total assets | 7,534,000 | 6,541,000 | 3,450,000 | 3,556,000 | 2,015,414 | 726,740 | 386,123 | 335,125 | 242,419 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 927,000 | 621,000 | 714,000 | 492,000 | 146,756 | 2,205 | 45,040 | 87,196 | 20,884 |
| Group/Directors Accounts | 9,443,000 | 8,065,000 | 4,811,000 | 1,171,000 | 60,831 | ||||
| other short term finances | |||||||||
| hp & lease commitments | 67,000 | ||||||||
| other current liabilities | 1,401,000 | 1,466,000 | 664,000 | 583,000 | 414,601 | 210,951 | 175,276 | 22,808 | 138,556 |
| total current liabilities | 11,771,000 | 10,152,000 | 6,256,000 | 2,246,000 | 561,357 | 273,987 | 220,316 | 110,004 | 159,440 |
| loans | 3,045,000 | 2,548,991 | 1,195,769 | 783,905 | 654,338 | 268,951 | |||
| hp & lease commitments | 110,000 | ||||||||
| Accruals and Deferred Income | 16,000 | 2,000 | |||||||
| other liabilities | 2 | ||||||||
| provisions | 46,000 | ||||||||
| total long term liabilities | 62,000 | 2,000 | 3,155,000 | 2,548,991 | 1,195,771 | 783,905 | 654,338 | 268,951 | |
| total liabilities | 11,833,000 | 10,154,000 | 6,256,000 | 5,401,000 | 3,110,348 | 1,469,758 | 1,004,221 | 764,342 | 428,391 |
| net assets | -4,299,000 | -3,613,000 | -2,806,000 | -1,845,000 | -1,094,934 | -743,018 | -618,098 | -429,217 | -185,972 |
| total shareholders funds | -4,299,000 | -3,613,000 | -2,806,000 | -1,845,000 | -1,094,934 | -743,018 | -618,098 | -429,217 | -185,972 |
| Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -628,000 | -922,000 | -1,175,000 | ||||||
| Depreciation | 127,000 | 211,000 | 249,000 | 155,000 | 39,869 | 4,371 | 68,647 | 58,626 | 1,727 |
| Amortisation | 49,000 | ||||||||
| Tax | 130,000 | 200,000 | 213,000 | 165,000 | 98,480 | 71,751 | 39,772 | 51,782 | 49,124 |
| Stock | 1,133,000 | 1,139,000 | 161,000 | 527,280 | 970,147 | 51,729 | 17,169 | 48,338 | 171,337 |
| Debtors | 45,000 | 81,000 | 679,000 | 69,825 | -11,452 | 22,783 | 8,992 | -33,452 | 56,304 |
| Creditors | 306,000 | -93,000 | 222,000 | 345,244 | 144,551 | -42,835 | -42,156 | 66,312 | 20,884 |
| Accruals and Deferred Income | -51,000 | 804,000 | 81,000 | 168,399 | 203,650 | 35,675 | 152,468 | -115,748 | 138,556 |
| Deferred Taxes & Provisions | 46,000 | ||||||||
| Cash flow from operations | -1,248,000 | -1,020,000 | -1,250,000 | ||||||
| Investing Activities | |||||||||
| capital expenditure | -119,743 | ||||||||
| Change in Investments | -16,298 | 16,298 | |||||||
| cash flow from investments | -119,743 | ||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 1,378,000 | 3,254,000 | 3,640,000 | 1,171,000 | -60,831 | 60,831 | |||
| Other Short Term Loans | |||||||||
| Long term loans | -3,045,000 | 496,009 | 1,353,222 | 411,864 | 129,567 | 385,387 | 268,951 | ||
| Hire Purchase and Lease Commitments | -67,000 | -43,000 | 110,000 | ||||||
| other long term liabilities | -2 | 2 | |||||||
| share issue | |||||||||
| interest | -188,000 | -85,000 | |||||||
| cash flow from financing | 1,190,000 | 3,102,000 | 553,000 | 1,775,943 | 1,292,389 | 472,697 | 129,567 | 385,387 | 268,952 |
| cash and cash equivalents | |||||||||
| cash | -74,000 | 2,245,000 | -768,000 | 663,947 | -85,175 | 252,056 | 81,401 | 16,703 | 9,068 |
| overdraft | |||||||||
| change in cash | -74,000 | 2,245,000 | -768,000 | 663,947 | -85,175 | 252,056 | 81,401 | 16,703 | 9,068 |
hip store limited Credit Report and Business Information
Hip Store Limited Competitor Analysis
Perform a competitor analysis for hip store limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in BL9 area or any other competitors across 12 key performance metrics.
hip store limited Ownership
HIP STORE LIMITED group structure
Hip Store Limited has no subsidiary companies.
Ultimate parent company
PENTLAND GROUP HOLDINGS LTD
#0135486
2 parents
HIP STORE LIMITED
09034290
hip store limited directors
Hip Store Limited currently has 2 directors. The longest serving directors include Mr Regis Schultz (Sep 2022) and Mr Dominic Platt (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Regis Schultz | England | 56 years | Sep 2022 | - | Director |
| Mr Dominic Platt | 55 years | Oct 2023 | - | Director |
P&L
January 2023turnover
12.9m
+53%
operating profit
-628k
-32%
gross margin
31.6%
-11.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-4.3m
+0.19%
total assets
7.5m
+0.15%
cash
2.3m
-0.03%
net assets
Total assets minus all liabilities
Similar Companies
hip store limited company details
company number
09034290
Type
Private limited with Share Capital
industry
47721 - Retail sale of footwear in specialised stores
47510 - Retail sale of textiles in specialised stores
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
May 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
HART SHAW LLP
address
edinburgh house, hollinsbrook way, bury, lancashire, BL9 8RR
Bank
-
Legal Advisor
-
hip store 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 1 charges/mortgages relating to hip store limited. Currently there are 1 open charges and 0 have been satisfied in the past.
hip store 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.
Click to start generating capital raising & share issue transactions for HIP STORE LIMITED. This can take several minutes, an email will notify you when this has completed.
hip store limited Companies House Filings - See Documents
| date | description | view/download |
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