Simply Sugar Ltd

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simply sugar ltd Company Information

Company Number

09313510

Next Accounts

535 days late

Directors

Chase Manders

Shareholders

kingdom of sweets limited

Group Structure

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Industry

Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores

Registered Address

167-169 great portland street, 5th floor, london, W1W 5PF

Website

simply sugar ltd Estimated Valuation

£788k

Pomanda estimates the enterprise value of SIMPLY SUGAR LTD at £788k based on Net Assets of £256.8k and 3.07x industry multiple (adjusted for liquidity).

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Simply Sugar Ltd is a live company located in london, W1W 5PF with a Companies House number of 09313510. It operates in the retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores sector, SIC Code 47240. Founded in November 2014, it's largest shareholder is kingdom of sweets limited with a 100% stake. Simply Sugar Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Simply Sugar Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £1.6m, make it larger than the average company (£435.9k)

Growth

3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (3.2%)

EXPORT

Simply Sugar Ltd's latest turnover from December 2021 is estimated at £1.6 million and the company has net assets of £256.8 thousand. According to their latest financial statements, Simply Sugar Ltd has 55 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2021	Dec 2020	Dec 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015
Turnover	1,600,559	1,408,426	625,784	447,043	305,019	143,657	125,169
Other Income Or Grants
Cost Of Sales	1,206,661	1,093,939	495,842	349,085	236,803	106,796	96,282
Gross Profit	393,899	314,487	129,942	97,959	68,217	36,861	28,888
Admin Expenses	208,098	297,055	168,308	60,644	-32,769	-29,291	13,175
Operating Profit	185,801	17,432	-38,366	37,315	100,986	66,152	15,713
Interest Payable		1,219	5,985	13,991	23,461	13,896
Interest Receivable		72	946	405	49	33	19
Pre-Tax Profit	185,801	16,285	-43,405	23,728	77,574	52,290	15,733
Tax	-35,302	-3,094		-4,508	-14,739	-10,458	-3,146
Profit After Tax	150,499	13,191	-43,405	19,220	62,835	41,832	12,586
Dividends Paid
Retained Profit	150,499	13,191	-43,405	19,220	62,835	41,832	12,586
Employee Costs	838,046	115,330	591,227	76,509	41,862	25,130	30,156
Number Of Employees	55	6	30	5	3	2	2
EBITDA*	185,801	17,432	-38,366	53,084	108,831	74,076	15,713

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2021	Dec 2020	Dec 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015
Tangible Assets	723,221	779,331	790,279	776,650	776,650	784,495	302,746
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	723,221	779,331	790,279	776,650	776,650	784,495	302,746
Stock & work in progress			48,000	50,000	48,500	33,000	22,074
Trade Debtors	337,769	426,136	2,700	1,874	1,874	1,083	1,083
Group Debtors
Misc Debtors	9,200	7,500	38,950	23,282
Cash			144,760	107,503	502	19,030	7,626
misc current assets
total current assets	346,969	433,636	234,410	182,659	50,876	53,113	30,783
total assets	1,070,190	1,212,967	1,024,689	959,309	827,526	837,608	333,529
Bank overdraft			39,983	37,731
Bank loan
Trade Creditors	760,182	679,203	234,848	318,901	189,791	65,632	68,779
Group/Directors Accounts			288,348	45,543
other short term finances
hp & lease commitments
other current liabilities			164,897	21,449	17,991	20,734
total current liabilities	760,182	679,203	728,076	423,624	207,782	86,366	68,779
loans				99,618	277,206	444,660
hp & lease commitments
Accruals and Deferred Income	3,250	3,250
other liabilities	50,000	424,255	203,544	299,593	225,284	252,163	252,163
provisions
total long term liabilities	53,250	427,505	203,544	399,211	502,490	696,823	252,163
total liabilities	813,432	1,106,708	931,620	822,835	710,272	783,189	320,942
net assets	256,758	106,259	93,069	136,474	117,254	54,419	12,587
total shareholders funds	256,758	106,259	93,069	136,474	117,254	54,419	12,587

	Dec 2021	Dec 2020	Dec 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015
Operating Activities
Operating Profit	185,801	17,432	-38,366	37,315	100,986	66,152	15,713
Depreciation				15,769	7,845	7,924
Amortisation
Tax	-35,302	-3,094		-4,508	-14,739	-10,458	-3,146
Stock		-48,000	-2,000	1,500	15,500	10,926	22,074
Debtors	-86,667	391,986	16,494	23,282	791		1,083
Creditors	80,979	444,355	-84,053	129,110	124,159	-3,147	68,779
Accruals and Deferred Income		-161,647	143,448	3,458	-2,743	20,734
Deferred Taxes & Provisions
Cash flow from operations	318,145	-46,940	6,535	156,362	199,217	70,279	58,189
Investing Activities
capital expenditure	56,110	10,948	-13,629	-15,769		-489,673	-302,746
Change in Investments
cash flow from investments	56,110	10,948	-13,629	-15,769		-489,673	-302,746
Financing Activities
Bank loans
Group/Directors Accounts		-288,348	242,805	45,543
Other Short Term Loans
Long term loans			-99,618	-177,588	-167,454	444,660
Hire Purchase and Lease Commitments
other long term liabilities	-374,255	220,711	-96,049	74,309	-26,879		252,163
share issue		-1					1
interest		-1,147	-5,039	-13,586	-23,412	-13,863	19
cash flow from financing	-374,255	-68,785	42,099	-71,322	-217,745	430,797	252,183
cash and cash equivalents
cash		-144,760	37,257	107,001	-18,528	11,404	7,626
overdraft		-39,983	2,252	37,731
change in cash		-104,777	35,005	69,270	-18,528	11,404	7,626

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for simply sugar 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 W1W area or any other competitors across 12 key performance metrics.

SIMPLY SUGAR LTD group structure

Simply Sugar Ltd has no subsidiary companies.

Ultimate parent company

KINGDOM OF SWEETS LTD

11004735

1 parent

SIMPLY SUGAR LTD

09313510

SIMPLY SUGAR LTD Shareholders

kingdom of sweets limited

100%

Simply Sugar Ltd currently has 1 director, Mr Chase Manders serving since Nov 2014.

officer	country	age	start	end	role
Mr Chase Manders	England	43 years	Nov 2014	-	Director

P&L

December 2021

turnover

1.6m

+14%

operating profit

185.8k

gross margin

24.7%

+10.22%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2021

net assets

256.8k

+1.42%

total assets

1.1m

-0.12%

cash

net assets

Total assets minus all liabilities

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company number

09313510

Type

Private limited with Share Capital

industry

47240 - Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores

incorporation date

November 2014

ultimate parent company

KINGDOM OF SWEETS LTD

previous names

N/A

address

167-169 great portland street, 5th floor, london, W1W 5PF

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simply sugar ltd Company Information

simply sugar ltd Estimated Valuation

simply sugar ltd Estimated Valuation

simply sugar ltd Estimated Valuation

Simply Sugar Ltd Overview

Simply Sugar Ltd Health Check

SIMPLY SUGAR LTD financials

simply sugar ltd Credit Report and Business Information

Simply Sugar Ltd Competitor Analysis

simply sugar ltd Ownership

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