burns jewellers (uk) limited
burns jewellers (uk) limited Company Information
Company Number
09100559
Website
www.burnsjewellersgroup.comRegistered Address
2 market street, manchester, M1 1PT
Industry
Retail sale of watches and jewellery in specialised stores
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
joel burns 50%
howard lawrence burns 50%
burns jewellers (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BURNS JEWELLERS (UK) LIMITED at £245.9k based on a Turnover of £800.8k and 0.31x industry multiple (adjusted for size and gross margin).
burns jewellers (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BURNS JEWELLERS (UK) LIMITED at £55.8k based on an EBITDA of £21.6k and a 2.58x industry multiple (adjusted for size and gross margin).
burns jewellers (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BURNS JEWELLERS (UK) LIMITED at £0 based on Net Assets of £-35.2k and 2.55x industry multiple (adjusted for liquidity).
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Burns Jewellers (uk) Limited Overview
Burns Jewellers (uk) Limited is a live company located in manchester, M1 1PT with a Companies House number of 09100559. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in June 2014, it's largest shareholder is joel burns with a 50% stake. Burns Jewellers (uk) Limited is a established, small sized company, Pomanda has estimated its turnover at £800.8k with high growth in recent years.
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Burns Jewellers (uk) Limited Health Check
Pomanda's financial health check has awarded Burns Jewellers (Uk) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
8 Weak
Size
annual sales of £800.8k, make it smaller than the average company (£10.1m)
- Burns Jewellers (uk) Limited
£10.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (11.1%)
- Burns Jewellers (uk) Limited
11.1% - Industry AVG
Production
with a gross margin of 22.7%, this company has a higher cost of product (35%)
- Burns Jewellers (uk) Limited
35% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (9%)
- Burns Jewellers (uk) Limited
9% - Industry AVG
Employees
with 5 employees, this is below the industry average (25)
5 - Burns Jewellers (uk) Limited
25 - Industry AVG
Pay Structure
on an average salary of £35.2k, the company has an equivalent pay structure (£35.2k)
- Burns Jewellers (uk) Limited
£35.2k - Industry AVG
Efficiency
resulting in sales per employee of £160.2k, this is less efficient (£206.7k)
- Burns Jewellers (uk) Limited
£206.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Burns Jewellers (uk) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 279 days, this is slower than average (38 days)
- Burns Jewellers (uk) Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 218 days, this is more than average (176 days)
- Burns Jewellers (uk) Limited
176 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (21 weeks)
7 weeks - Burns Jewellers (uk) Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.3%, this is a higher level of debt than the average (55.5%)
107.3% - Burns Jewellers (uk) Limited
55.5% - Industry AVG
BURNS JEWELLERS (UK) LIMITED financials
Burns Jewellers (Uk) Limited's latest turnover from May 2023 is estimated at £800.8 thousand and the company has net assets of -£35.2 thousand. According to their latest financial statements, Burns Jewellers (Uk) Limited has 5 employees and maintains cash reserves of £65.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 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 | 5 | 5 | 5 | 5 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,121 | 8,247 | 6,974 | 9,030 | 135,182 | 158,061 | 16,061 | 15,513 | 11,944 |
| Intangible Assets | 44,550 | 64,350 | 84,150 | 103,950 | 0 | 0 | 163,350 | 181,500 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 476,411 |
| Total Fixed Assets | 49,671 | 72,597 | 91,124 | 112,980 | 135,182 | 158,061 | 179,411 | 197,013 | 488,357 |
| Stock & work in progress | 370,000 | 400,000 | 200,000 | 298,052 | 0 | 0 | 371,603 | 383,424 | 341,293 |
| Trade Debtors | 0 | 0 | 0 | 270 | 342,402 | 406,659 | 5,429 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 65,271 | 89,474 | 115,215 | 1,401 | 0 | 0 | 9,438 | 1,985 | 24,033 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,857 | 0 |
| total current assets | 435,271 | 489,474 | 315,215 | 299,723 | 342,402 | 406,659 | 386,470 | 395,266 | 365,326 |
| total assets | 484,942 | 562,071 | 406,339 | 412,703 | 477,584 | 564,720 | 565,881 | 592,279 | 853,683 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 474,103 | 543,983 | 375,978 | 384,207 | 499,402 | 590,307 | 514,512 | 436,813 | 844,652 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 474,103 | 543,983 | 375,978 | 384,207 | 499,402 | 590,307 | 514,512 | 436,813 | 844,652 |
| 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 | 46,000 | 54,864 | 66,000 | 66,970 | 2,530 | 1,779 | 80,531 | 180,855 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 46,000 | 54,864 | 66,000 | 66,970 | 2,530 | 1,779 | 80,531 | 180,855 | 0 |
| total liabilities | 520,103 | 598,847 | 441,978 | 451,177 | 501,932 | 592,086 | 595,043 | 617,668 | 844,652 |
| net assets | -35,161 | -36,776 | -35,639 | -38,474 | -24,348 | -27,366 | -29,162 | -25,389 | 9,031 |
| total shareholders funds | -35,161 | -36,776 | -35,639 | -38,474 | -24,348 | -27,366 | -29,162 | -25,389 | 9,031 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 3,126 | 1,295 | 2,056 | 3,272 | 3,234 | 661 | |||
| Amortisation | 19,800 | 19,800 | 19,800 | 18,150 | 16,500 | 0 | |||
| Tax | |||||||||
| Stock | -30,000 | 200,000 | -98,052 | 298,052 | 0 | -371,603 | -11,821 | 42,131 | 341,293 |
| Debtors | 0 | 0 | -270 | -342,132 | -64,257 | 401,230 | 5,429 | -476,411 | 476,411 |
| Creditors | -69,880 | 168,005 | -8,229 | -115,195 | -90,905 | 75,795 | 77,699 | -407,839 | 844,652 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | 2 |
| 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 | -8,864 | -11,136 | -970 | 64,440 | 751 | -78,752 | -100,324 | 180,855 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -24,203 | -25,741 | 113,814 | 1,401 | 0 | -9,438 | 7,453 | -22,048 | 24,033 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -24,203 | -25,741 | 113,814 | 1,401 | 0 | -9,438 | 7,453 | -22,048 | 24,033 |
burns jewellers (uk) limited Credit Report and Business Information
Burns Jewellers (uk) Limited Competitor Analysis
Perform a competitor analysis for burns jewellers (uk) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
burns jewellers (uk) limited Ownership
BURNS JEWELLERS (UK) LIMITED group structure
Burns Jewellers (Uk) Limited has 3 subsidiary companies.
Ultimate parent company
BURNS JEWELLERS (UK) LIMITED
09100559
3 subsidiaries
burns jewellers (uk) limited directors
Burns Jewellers (Uk) Limited currently has 2 directors. The longest serving directors include Mr Howard Burns (Jun 2014) and Mr Joel Burns (Jun 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Howard Burns | England | 64 years | Jun 2014 | - | Director |
| Mr Joel Burns | United Kingdom | 89 years | Jun 2014 | - | Director |
P&L
May 2023turnover
800.8k
-15%
operating profit
-1.3k
0%
gross margin
22.8%
+7.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-35.2k
-0.04%
total assets
484.9k
-0.14%
cash
65.3k
-0.27%
net assets
Total assets minus all liabilities
burns jewellers (uk) limited company details
company number
09100559
Type
Private limited with Share Capital
industry
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
June 2014
age
10
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
2 market street, manchester, M1 1PT
last accounts submitted
May 2023
burns jewellers (uk) 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 burns jewellers (uk) limited.
burns jewellers (uk) limited Companies House Filings - See Documents
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