nine united uk limited
nine united uk limited Company Information
Company Number
09304592
Website
http://ststephensclub.co.ukRegistered Address
16 queen anne's gate, queen annes gate, london, SW1H 9AA
Industry
Retail sale of furniture, lighting equipment and other household articles (other than musical instruments) n.e.c., in specialised stores
Wholesale of furniture, carpets and lighting equipment
Telephone
447894587388
Next Accounts Due
April 2025
Group Structure
View All
Directors
Troels Povlsen9 Years
Shareholders
union nine a/s 100%
nine united uk limited Estimated Valuation
Pomanda estimates the enterprise value of NINE UNITED UK LIMITED at £505.8k based on a Turnover of £906.1k and 0.56x industry multiple (adjusted for size and gross margin).
nine united uk limited Estimated Valuation
Pomanda estimates the enterprise value of NINE UNITED UK LIMITED at £0 based on an EBITDA of £-99.8k and a 6.6x industry multiple (adjusted for size and gross margin).
nine united uk limited Estimated Valuation
Pomanda estimates the enterprise value of NINE UNITED UK LIMITED at £0 based on Net Assets of £-643.5k and 2.14x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Nine United Uk Limited Overview
Nine United Uk Limited is a live company located in london, SW1H 9AA with a Companies House number of 09304592. It operates in the retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store sector, SIC Code 47599. Founded in November 2014, it's largest shareholder is union nine a/s with a 100% stake. Nine United Uk Limited is a established, small sized company, Pomanda has estimated its turnover at £906.1k with declining growth in recent years.
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Nine United Uk Limited Health Check
Pomanda's financial health check has awarded Nine United Uk Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £906.1k, make it smaller than the average company (£9.6m)
£906.1k - Nine United Uk Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (6.9%)
-7% - Nine United Uk Limited
6.9% - Industry AVG
Production
with a gross margin of 87.2%, this company has a lower cost of product (33.7%)
87.2% - Nine United Uk Limited
33.7% - Industry AVG
Profitability
an operating margin of -11.9% make it less profitable than the average company (3%)
-11.9% - Nine United Uk Limited
3% - Industry AVG
Employees
with 10 employees, this is below the industry average (35)
10 - Nine United Uk Limited
35 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)
- Nine United Uk Limited
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £90.6k, this is less efficient (£239.1k)
£90.6k - Nine United Uk Limited
£239.1k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is later than average (29 days)
43 days - Nine United Uk Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 563 days, this is slower than average (35 days)
563 days - Nine United Uk Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 258 days, this is more than average (78 days)
258 days - Nine United Uk Limited
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Nine United Uk Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 214.3%, this is a higher level of debt than the average (64.8%)
214.3% - Nine United Uk Limited
64.8% - Industry AVG
NINE UNITED UK LIMITED financials
Nine United Uk Limited's latest turnover from July 2023 is £906.1 thousand and the company has net assets of -£643.5 thousand. According to their latest financial statements, Nine United Uk Limited has 10 employees and maintains cash reserves of £80.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 906,134 | 503,353 | 682,937 | 1,140,762 | 1,922,854 | 1,432,654 | 1,384,698 | 1,552,923 | 1,343,325 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 115,739 | 87,123 | 109,181 | 392,317 | 566,599 | 513,737 | 509,659 | 812,434 | 829,733 |
| Gross Profit | 790,395 | 416,230 | 573,756 | 748,445 | 1,356,255 | 918,917 | 875,039 | 740,489 | 513,592 |
| Admin Expenses | 898,120 | 547,219 | 847,840 | 608,994 | 1,306,266 | 1,006,426 | 922,828 | 804,734 | 773,293 |
| Operating Profit | -107,725 | -130,989 | -274,084 | 139,451 | 49,989 | -87,509 | -47,789 | -64,245 | -259,701 |
| Interest Payable | 29,279 | 8,909 | 11,099 | 6,000 | 6,016 | 5,359 | 97 | 0 | 0 |
| Interest Receivable | 4,241 | 171 | 0 | 274 | 531 | 268 | 26 | 142 | 233 |
| Pre-Tax Profit | -132,763 | -139,727 | -285,183 | 133,725 | 44,504 | -92,600 | -47,860 | -64,103 | -259,468 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -132,763 | -139,727 | -285,183 | 133,725 | 44,504 | -92,600 | -47,860 | -64,103 | -259,468 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -132,763 | -139,727 | -285,183 | 133,725 | 44,504 | -92,600 | -47,860 | -64,103 | -259,468 |
| Employee Costs | |||||||||
| Number Of Employees | 10 | 10 | 11 | 12 | 14 | 14 | 12 | 16 | |
| EBITDA* | -99,761 | -126,660 | -266,663 | 143,701 | 75,390 | -62,106 | -21,844 | -36,381 | -233,276 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 53,350 | 21,189 | 25,518 | 32,939 | 14,475 | 5,401 | 10,804 | 16,749 | 24,613 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 20,000 | 40,000 | 60,000 | 80,000 |
| 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 | 53,350 | 21,189 | 25,518 | 32,939 | 14,475 | 25,401 | 50,804 | 76,749 | 104,613 |
| Stock & work in progress | 82,066 | 102,683 | 113,879 | 190,256 | 239,058 | 207,547 | 180,154 | 219,930 | 343,873 |
| Trade Debtors | 108,736 | 2,138 | 77,301 | 15,184 | 290,830 | 29,588 | 30,826 | 64,794 | 44,246 |
| Group Debtors | 167,149 | 150,862 | 111,744 | 109,259 | 0 | 46,086 | 87,215 | 163,271 | 94,200 |
| Misc Debtors | 70,693 | 209,108 | 12,009 | 24,943 | 92,509 | 73,837 | 104,658 | 10,365 | 0 |
| Cash | 80,859 | 0 | 99,650 | 177,747 | 120,173 | 126,331 | 135,102 | 164,774 | 135,595 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,080 |
| total current assets | 509,503 | 464,791 | 414,583 | 517,389 | 742,570 | 483,389 | 537,955 | 623,134 | 640,994 |
| total assets | 562,853 | 485,980 | 440,101 | 550,328 | 757,045 | 508,790 | 588,759 | 699,883 | 745,607 |
| Bank overdraft | 0 | 38,809 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 178,590 | 326,999 | 377,047 | 148,851 | 108,282 | 4,377 | 12,064 | 308,099 | 38,658 |
| Group/Directors Accounts | 967,309 | 513,346 | 392,750 | 385,690 | 626,245 | 621,912 | 617,009 | 201,548 | 524,460 |
| 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 | 60,429 | 117,538 | 41,289 | 101,589 | 242,045 | 146,532 | 131,117 | 313,807 | 91,853 |
| total current liabilities | 1,206,328 | 996,692 | 811,086 | 636,130 | 976,572 | 772,821 | 760,190 | 823,454 | 654,971 |
| 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 | 150,104 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,104 |
| total liabilities | 1,206,328 | 996,692 | 811,086 | 636,130 | 976,572 | 772,821 | 760,190 | 823,454 | 805,075 |
| net assets | -643,475 | -510,712 | -370,985 | -85,802 | -219,527 | -264,031 | -171,431 | -123,571 | -59,468 |
| total shareholders funds | -643,475 | -510,712 | -370,985 | -85,802 | -219,527 | -264,031 | -171,431 | -123,571 | -59,468 |
| Jul 2023 | Jul 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -107,725 | -130,989 | -274,084 | 139,451 | 49,989 | -87,509 | -47,789 | -64,245 | -259,701 |
| Depreciation | 7,964 | 4,329 | 7,421 | 4,250 | 5,401 | 5,403 | 5,945 | 7,864 | 6,425 |
| Amortisation | 0 | 0 | 0 | 0 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -20,617 | -11,196 | -76,377 | -48,802 | 31,511 | 27,393 | -39,776 | -123,943 | 343,873 |
| Debtors | -15,530 | 161,054 | 51,668 | -233,953 | 233,828 | -73,188 | -15,731 | 99,984 | 138,446 |
| Creditors | -148,409 | -50,048 | 228,196 | 40,569 | 103,905 | -7,687 | -296,035 | 269,441 | 38,658 |
| Accruals and Deferred Income | -57,109 | 76,249 | -60,300 | -140,456 | 95,513 | 15,415 | -182,690 | 71,850 | 241,957 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -269,132 | -250,317 | -74,058 | 326,569 | 9,469 | -8,583 | -445,062 | 328,869 | -434,980 |
| 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 | 453,963 | 120,596 | 7,060 | -240,555 | 4,333 | 4,903 | 415,461 | -322,912 | 524,460 |
| 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 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -25,038 | -8,738 | -11,099 | -5,726 | -5,485 | -5,091 | -71 | 142 | 233 |
| cash flow from financing | 428,925 | 111,858 | -4,039 | -246,281 | -1,152 | -188 | 415,390 | -322,770 | 724,693 |
| cash and cash equivalents | |||||||||
| cash | 80,859 | -99,650 | -78,097 | 57,574 | -6,158 | -8,771 | -29,672 | 29,179 | 135,595 |
| overdraft | -38,809 | 38,809 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 119,668 | -138,459 | -78,097 | 57,574 | -6,158 | -8,771 | -29,672 | 29,179 | 135,595 |
nine united uk limited Credit Report and Business Information
Nine United Uk Limited Competitor Analysis
Perform a competitor analysis for nine united uk limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SW1H area or any other competitors across 12 key performance metrics.
nine united uk limited Ownership
NINE UNITED UK LIMITED group structure
Nine United Uk Limited has no subsidiary companies.
Ultimate parent company
NINE UNITED AS
#0156282
UNION NINE AS
#0156281
2 parents
NINE UNITED UK LIMITED
09304592
nine united uk limited directors
Nine United Uk Limited currently has 1 director, Mr Troels Povlsen serving since Nov 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Troels Povlsen | 75 years | Nov 2014 | - | Director |
P&L
July 2023turnover
906.1k
+80%
operating profit
-107.7k
-18%
gross margin
87.3%
+5.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
-643.5k
+0.26%
total assets
562.9k
+0.16%
cash
80.9k
0%
net assets
Total assets minus all liabilities
Similar Companies
nine united uk limited company details
company number
09304592
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
46470 - Wholesale of furniture, carpets and lighting equipment
incorporation date
November 2014
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
July 2023
previous names
hackney studio london limited (November 2014)
accountant
-
auditor
KROGH & PARTNERS LTD
address
16 queen anne's gate, queen annes gate, london, SW1H 9AA
Bank
-
Legal Advisor
-
nine united 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 nine united uk limited.
nine united uk limited Companies House Filings - See Documents
| date | description | view/download |
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