modern furniture and lighting ltd
modern furniture and lighting ltd Company Information
Company Number
09179949
Registered Address
units 1f, pegswood industrail estate, morpeth, northumberland, NE61 6HZ
Industry
Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
Telephone
01670457878
Next Accounts Due
May 2025
Group Structure
View All
Directors
Alastair Watson10 Years
Shareholders
alastair malcolm robin watson 100%
modern furniture and lighting ltd Estimated Valuation
Pomanda estimates the enterprise value of MODERN FURNITURE AND LIGHTING LTD at £194.3k based on a Turnover of £587.8k and 0.33x industry multiple (adjusted for size and gross margin).
modern furniture and lighting ltd Estimated Valuation
Pomanda estimates the enterprise value of MODERN FURNITURE AND LIGHTING LTD at £0 based on an EBITDA of £-46.1k and a 3.55x industry multiple (adjusted for size and gross margin).
modern furniture and lighting ltd Estimated Valuation
Pomanda estimates the enterprise value of MODERN FURNITURE AND LIGHTING LTD at £97.8k based on Net Assets of £38.7k and 2.53x industry multiple (adjusted for liquidity).
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Modern Furniture And Lighting Ltd Overview
Modern Furniture And Lighting Ltd is a live company located in morpeth, NE61 6HZ with a Companies House number of 09179949. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in August 2014, it's largest shareholder is alastair malcolm robin watson with a 100% stake. Modern Furniture And Lighting Ltd is a established, small sized company, Pomanda has estimated its turnover at £587.8k with declining growth in recent years.
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Modern Furniture And Lighting Ltd Health Check
Pomanda's financial health check has awarded Modern Furniture And Lighting Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £587.8k, make it smaller than the average company (£4.3m)
- Modern Furniture And Lighting Ltd
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.4%)
- Modern Furniture And Lighting Ltd
7.4% - Industry AVG
Production
with a gross margin of 30.7%, this company has a higher cost of product (41.6%)
- Modern Furniture And Lighting Ltd
41.6% - Industry AVG
Profitability
an operating margin of -7.8% make it less profitable than the average company (3.5%)
- Modern Furniture And Lighting Ltd
3.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (26)
5 - Modern Furniture And Lighting Ltd
26 - Industry AVG
Pay Structure
on an average salary of £33k, the company has an equivalent pay structure (£33k)
- Modern Furniture And Lighting Ltd
£33k - Industry AVG
Efficiency
resulting in sales per employee of £117.6k, this is less efficient (£160.7k)
- Modern Furniture And Lighting Ltd
£160.7k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (18 days)
- Modern Furniture And Lighting Ltd
18 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (36 days)
- Modern Furniture And Lighting Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Modern Furniture And Lighting Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Modern Furniture And Lighting Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a higher level of debt than the average (64%)
77.8% - Modern Furniture And Lighting Ltd
64% - Industry AVG
MODERN FURNITURE AND LIGHTING LTD financials
Modern Furniture And Lighting Ltd's latest turnover from August 2023 is estimated at £587.8 thousand and the company has net assets of £38.7 thousand. According to their latest financial statements, Modern Furniture And Lighting Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | 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 | 5 | 5 | 5 | 5 | 4 | 3 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 22,505 | 30,007 | 13,070 | 17,427 | 9,235 | 12,313 | 17,034 | 6,094 | 8,125 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,505 | 30,007 | 13,070 | 17,427 | 9,235 | 12,313 | 17,034 | 6,094 | 8,125 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,533 |
| Trade Debtors | 151,575 | 187,774 | 156,853 | 186,845 | 85,894 | 58,642 | 28,379 | 30,437 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 18,183 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,857 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 151,575 | 187,774 | 156,853 | 186,845 | 85,894 | 58,642 | 46,562 | 30,437 | 18,390 |
| total assets | 174,080 | 217,781 | 169,923 | 204,272 | 95,129 | 70,955 | 63,596 | 36,531 | 26,515 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 93,426 | 79,808 | 62,144 | 66,888 | 51,112 | 45,454 | 58,593 | 31,996 | 22,676 |
| 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 | 93,426 | 79,808 | 62,144 | 66,888 | 51,112 | 45,454 | 58,593 | 31,996 | 22,676 |
| 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 | 41,995 | 53,187 | 41,747 | 49,153 | 9,838 | 20,213 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 41,995 | 53,187 | 41,747 | 49,153 | 9,838 | 20,213 | 0 | 0 | 0 |
| total liabilities | 135,421 | 132,995 | 103,891 | 116,041 | 60,950 | 65,667 | 58,593 | 31,996 | 22,676 |
| net assets | 38,659 | 84,786 | 66,032 | 88,231 | 34,179 | 5,288 | 5,003 | 4,535 | 3,839 |
| total shareholders funds | 38,659 | 84,786 | 66,032 | 88,231 | 34,179 | 5,288 | 5,003 | 4,535 | 3,839 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 2,708 | ||||||||
| Amortisation | 0 | ||||||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,533 | 13,533 |
| Debtors | -36,199 | 30,921 | -29,992 | 100,951 | 27,252 | 12,080 | 16,125 | 30,437 | 0 |
| Creditors | 13,618 | 17,664 | -4,744 | 15,776 | 5,658 | -13,139 | 26,597 | 9,320 | 22,676 |
| 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 | 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 | -11,192 | 11,440 | -7,406 | 39,315 | -10,375 | 20,213 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,857 | 4,857 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,857 | 4,857 |
modern furniture and lighting ltd Credit Report and Business Information
Modern Furniture And Lighting Ltd Competitor Analysis
Perform a competitor analysis for modern furniture and lighting ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NE61 area or any other competitors across 12 key performance metrics.
modern furniture and lighting ltd Ownership
MODERN FURNITURE AND LIGHTING LTD group structure
Modern Furniture And Lighting Ltd has no subsidiary companies.
Ultimate parent company
MODERN FURNITURE AND LIGHTING LTD
09179949
modern furniture and lighting ltd directors
Modern Furniture And Lighting Ltd currently has 1 director, Mr Alastair Watson serving since Aug 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alastair Watson | England | 46 years | Aug 2014 | - | Director |
P&L
August 2023turnover
587.8k
-4%
operating profit
-46.1k
0%
gross margin
30.7%
-3.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
38.7k
-0.54%
total assets
174.1k
-0.2%
cash
0
0%
net assets
Total assets minus all liabilities
modern furniture and lighting ltd company details
company number
09179949
Type
Private limited with Share Capital
industry
47599 - Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
incorporation date
August 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
PETER WELDON & CO LTD
auditor
-
address
units 1f, pegswood industrail estate, morpeth, northumberland, NE61 6HZ
Bank
-
Legal Advisor
-
modern furniture and lighting 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 modern furniture and lighting ltd.
modern furniture and lighting ltd Companies House Filings - See Documents
| date | description | view/download |
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