simply practical ltd
simply practical ltd Company Information
Company Number
09259201
Website
-Registered Address
church cottage church street, kelvedon, colchester, essex, CO5 9AL
Industry
Management consultancy activities (other than financial management)
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
-
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
joy burnford 100%
simply practical ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY PRACTICAL LTD at £18k based on a Turnover of £43k and 0.42x industry multiple (adjusted for size and gross margin).
simply practical ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY PRACTICAL LTD at £0 based on an EBITDA of £0 and a 3.18x industry multiple (adjusted for size and gross margin).
simply practical ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY PRACTICAL LTD at £7 based on Net Assets of £3 and 2.47x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Simply Practical Ltd Overview
Simply Practical Ltd is a live company located in colchester, CO5 9AL with a Companies House number of 09259201. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in October 2014, it's largest shareholder is joy burnford with a 100% stake. Simply Practical Ltd is a established, micro sized company, Pomanda has estimated its turnover at £43k with rapid growth in recent years.
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Simply Practical Ltd Health Check
Pomanda's financial health check has awarded Simply Practical Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
4 Weak
Size
annual sales of £43k, make it smaller than the average company (£1.1m)
- Simply Practical Ltd
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 173%, show it is growing at a faster rate (6.7%)
- Simply Practical Ltd
6.7% - Industry AVG
Production
with a gross margin of 24.4%, this company has a higher cost of product (49.3%)
- Simply Practical Ltd
49.3% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Simply Practical Ltd
- - Industry AVG
Employees
with 2 employees, this is below the industry average (10)
2 - Simply Practical Ltd
10 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has an equivalent pay structure (£45.6k)
- Simply Practical Ltd
£45.6k - Industry AVG
Efficiency
resulting in sales per employee of £21.5k, this is less efficient (£113.3k)
- Simply Practical Ltd
£113.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (63 days)
- Simply Practical Ltd
63 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Simply Practical Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Simply Practical Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Simply Practical Ltd
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Simply Practical Ltd
- - Industry AVG
SIMPLY PRACTICAL LTD financials
Simply Practical Ltd's latest turnover from September 2023 is estimated at £43 thousand and the company has net assets of £3. According to their latest financial statements, Simply Practical Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 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 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 206 | 437 | 246 | 725 | 666 |
| 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 | 0 | 0 | 0 | 0 | 206 | 437 | 246 | 725 | 666 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3 | 3 | 3 | 801 | 6,079 | 296 | 1,774 | 2,351 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 0 | 1,072 |
| total current assets | 3 | 3 | 3 | 801 | 6,079 | 296 | 1,819 | 2,351 | 1,192 |
| total assets | 3 | 3 | 3 | 801 | 6,285 | 733 | 2,065 | 3,076 | 1,858 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 800 | 2,885 | 1,179 | 2,863 | 2,501 | 1,312 |
| 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 | 0 | 0 | 0 | 800 | 2,885 | 1,179 | 2,863 | 2,501 | 1,312 |
| 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 | 350 | 818 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 350 | 818 | 25 | 0 |
| total liabilities | 0 | 0 | 0 | 800 | 2,885 | 1,529 | 3,681 | 2,526 | 1,312 |
| net assets | 3 | 3 | 3 | 1 | 3,400 | -796 | -1,616 | 550 | 546 |
| total shareholders funds | 3 | 3 | 3 | 1 | 3,400 | -796 | -1,616 | 550 | 546 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | |||||
| Amortisation | 0 | 0 | 0 | 0 | |||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | -798 | -5,278 | 5,783 | -1,478 | -577 | 2,351 | 0 |
| Creditors | 0 | 0 | -800 | -2,085 | 1,706 | -1,684 | 362 | 1,189 | 1,312 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -350 | -468 | 818 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | -25 | 25 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -120 | 120 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -120 | 120 |
simply practical ltd Credit Report and Business Information
Simply Practical Ltd Competitor Analysis
Perform a competitor analysis for simply practical ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CO5 area or any other competitors across 12 key performance metrics.
simply practical ltd Ownership
SIMPLY PRACTICAL LTD group structure
Simply Practical Ltd has no subsidiary companies.
Ultimate parent company
SIMPLY PRACTICAL LTD
09259201
simply practical ltd directors
Simply Practical Ltd currently has 2 directors. The longest serving directors include Mrs Joy Burnford (Oct 2014) and Mr Andrew Burnford (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Joy Burnford | 48 years | Oct 2014 | - | Director | |
| Mr Andrew Burnford | 56 years | Oct 2018 | - | Director |
P&L
September 2023turnover
43k
+5%
operating profit
0
0%
gross margin
24.5%
+0.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
3
0%
total assets
3
0%
cash
0
0%
net assets
Total assets minus all liabilities
simply practical ltd company details
company number
09259201
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
October 2014
age
10
incorporated
UK
ultimate parent company
accounts
Dormant
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
church cottage church street, kelvedon, colchester, essex, CO5 9AL
Bank
-
Legal Advisor
-
simply practical 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 simply practical ltd.
simply practical ltd Companies House Filings - See Documents
| date | description | view/download |
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