friends jewellers ltd
friends jewellers ltd Company Information
Company Number
09382259
Website
www.friendsjewellers.comRegistered Address
43 frederick street, birmingham, B1 3HN
Industry
Wholesale of watches and jewellery
Telephone
01215586116
Next Accounts Due
January 2025
Group Structure
View All
Directors
Sunil Datt9 Years
Shareholders
sunil datt 100%
friends jewellers ltd Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS JEWELLERS LTD at £136k based on a Turnover of £440.7k and 0.31x industry multiple (adjusted for size and gross margin).
friends jewellers ltd Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS JEWELLERS LTD at £0 based on an EBITDA of £-28.7k and a 3.04x industry multiple (adjusted for size and gross margin).
friends jewellers ltd Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS JEWELLERS LTD at £381.9k based on Net Assets of £139.1k and 2.75x industry multiple (adjusted for liquidity).
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Friends Jewellers Ltd Overview
Friends Jewellers Ltd is a live company located in birmingham, B1 3HN with a Companies House number of 09382259. It operates in the wholesale of watches and jewellery sector, SIC Code 46480. Founded in January 2015, it's largest shareholder is sunil datt with a 100% stake. Friends Jewellers Ltd is a young, micro sized company, Pomanda has estimated its turnover at £440.7k with declining growth in recent years.
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Friends Jewellers Ltd Health Check
Pomanda's financial health check has awarded Friends Jewellers Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £440.7k, make it smaller than the average company (£12.2m)
- Friends Jewellers Ltd
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (4.9%)
- Friends Jewellers Ltd
4.9% - Industry AVG
Production
with a gross margin of 34.8%, this company has a comparable cost of product (34.8%)
- Friends Jewellers Ltd
34.8% - Industry AVG
Profitability
an operating margin of -6.9% make it less profitable than the average company (4%)
- Friends Jewellers Ltd
4% - Industry AVG
Employees
with 1 employees, this is below the industry average (36)
1 - Friends Jewellers Ltd
36 - Industry AVG
Pay Structure
on an average salary of £46.8k, the company has an equivalent pay structure (£46.8k)
- Friends Jewellers Ltd
£46.8k - Industry AVG
Efficiency
resulting in sales per employee of £440.7k, this is equally as efficient (£431.1k)
- Friends Jewellers Ltd
£431.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Friends Jewellers Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (28 days)
- Friends Jewellers Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Friends Jewellers Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Friends Jewellers Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.9%, this is a higher level of debt than the average (56.3%)
92.9% - Friends Jewellers Ltd
56.3% - Industry AVG
FRIENDS JEWELLERS LTD financials
Friends Jewellers Ltd's latest turnover from April 2023 is estimated at £440.7 thousand and the company has net assets of £139.1 thousand. According to their latest financial statements, Friends Jewellers Ltd has 1 employee and maintains cash reserves of £302 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Jan 2018 | Jan 2017 | Jan 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Jan 2018 | Jan 2017 | Jan 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,705 | 7,272 | 8,885 | 10,697 | 12,996 | 8,276 | 5,331 | 0 |
| Intangible Assets | 0 | 0 | 0 | 3 | 3 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,705 | 7,272 | 8,885 | 10,700 | 12,999 | 8,276 | 5,331 | 0 |
| Stock & work in progress | 0 | 0 | 128,000 | 128,000 | 457,935 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 81,933 | 357,517 | 2,102,105 | 2,799,651 | 1,891,349 | 1,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,961,202 | 1,993,841 | 2,074,044 | 1,969,702 | 443,207 | 0 | 0 | 0 |
| Cash | 302 | 2,443 | 6,286 | 37,477 | 143,504 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,961,504 | 1,996,284 | 2,290,263 | 2,492,696 | 3,146,751 | 2,799,651 | 1,891,349 | 1,000 |
| total assets | 1,967,209 | 2,003,556 | 2,299,148 | 2,503,396 | 3,159,750 | 2,807,927 | 1,896,680 | 1,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 53,788 | 53,788 | 114,398 | 322,680 | 703,900 | 1,131,510 | 289,512 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,774,296 | 1,779,467 | 2,021,452 | 2,023,607 | 2,452,733 | 0 | 0 | 0 |
| total current liabilities | 1,828,084 | 1,833,255 | 2,135,850 | 2,346,287 | 3,156,633 | 1,131,510 | 289,512 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 1,568,948 | 1,501,601 | 0 |
| provisions | 0 | 986 | 1,205 | 1,443 | 1,750 | 560 | 0 | 0 |
| total long term liabilities | 0 | 986 | 1,205 | 1,443 | 1,750 | 1,569,508 | 1,501,601 | 0 |
| total liabilities | 1,828,084 | 1,834,241 | 2,137,055 | 2,347,730 | 3,158,383 | 2,701,018 | 1,791,113 | 0 |
| net assets | 139,125 | 169,315 | 162,093 | 155,666 | 1,367 | 106,909 | 105,567 | 1,000 |
| total shareholders funds | 139,125 | 169,315 | 162,093 | 155,666 | 1,367 | 106,909 | 105,567 | 1,000 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Jan 2018 | Jan 2017 | Jan 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 1,567 | 1,612 | 1,810 | 2,300 | 2,268 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||
| Tax | ||||||||
| Stock | 0 | -128,000 | 0 | -329,935 | 457,935 | 0 | 0 | 0 |
| Debtors | -32,639 | -162,136 | -171,242 | -218,093 | -254,339 | 908,302 | 1,890,349 | 1,000 |
| Creditors | 0 | -60,610 | -208,282 | -381,220 | -427,610 | 841,998 | 289,512 | 0 |
| Accruals and Deferred Income | -5,171 | -241,985 | -2,155 | -429,126 | 2,452,733 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -986 | -219 | -238 | -307 | 1,190 | 560 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -1,568,948 | 67,347 | 1,501,601 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -2,141 | -3,843 | -31,191 | -106,027 | 143,504 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,141 | -3,843 | -31,191 | -106,027 | 143,504 | 0 | 0 | 0 |
friends jewellers ltd Credit Report and Business Information
Friends Jewellers Ltd Competitor Analysis
Perform a competitor analysis for friends jewellers ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in B 1 area or any other competitors across 12 key performance metrics.
friends jewellers ltd Ownership
FRIENDS JEWELLERS LTD group structure
Friends Jewellers Ltd has no subsidiary companies.
Ultimate parent company
FRIENDS JEWELLERS LTD
09382259
friends jewellers ltd directors
Friends Jewellers Ltd currently has 1 director, Mr Sunil Datt serving since Jan 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sunil Datt | England | 56 years | Jan 2015 | - | Director |
P&L
April 2023turnover
440.7k
+40%
operating profit
-30.2k
0%
gross margin
34.8%
+6.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
139.1k
-0.18%
total assets
2m
-0.02%
cash
302
-0.88%
net assets
Total assets minus all liabilities
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friends jewellers ltd company details
company number
09382259
Type
Private limited with Share Capital
industry
46480 - Wholesale of watches and jewellery
incorporation date
January 2015
age
9
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
friends jewellers (uk) ltd (May 2016)
last accounts submitted
April 2023
address
43 frederick street, birmingham, B1 3HN
accountant
-
auditor
-
friends jewellers 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 friends jewellers ltd.
friends jewellers ltd Companies House Filings - See Documents
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