fishing it limited
fishing it limited Company Information
Company Number
09641728
Website
ukfisheries.netRegistered Address
14 hughes avenue, ebbw vale, gwent, NP23 6LH
Industry
Retail sale of sporting equipment in specialised stores
Telephone
441482307503
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
andrew neal 60%
ian exall 30%
View Allfishing it limited Estimated Valuation
Pomanda estimates the enterprise value of FISHING IT LIMITED at £86.6k based on a Turnover of £228k and 0.38x industry multiple (adjusted for size and gross margin).
fishing it limited Estimated Valuation
Pomanda estimates the enterprise value of FISHING IT LIMITED at £0 based on an EBITDA of £-10.3k and a 4.35x industry multiple (adjusted for size and gross margin).
fishing it limited Estimated Valuation
Pomanda estimates the enterprise value of FISHING IT LIMITED at £48k based on Net Assets of £20.3k and 2.37x industry multiple (adjusted for liquidity).
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Fishing It Limited Overview
Fishing It Limited is a live company located in gwent, NP23 6LH with a Companies House number of 09641728. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in June 2015, it's largest shareholder is andrew neal with a 60% stake. Fishing It Limited is a young, micro sized company, Pomanda has estimated its turnover at £228k with declining growth in recent years.
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Fishing It Limited Health Check
Pomanda's financial health check has awarded Fishing It Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £228k, make it smaller than the average company (£453.3k)
- Fishing It Limited
£453.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (9.9%)
- Fishing It Limited
9.9% - Industry AVG
Production
with a gross margin of 31.1%, this company has a comparable cost of product (31.1%)
- Fishing It Limited
31.1% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (2.5%)
- Fishing It Limited
2.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
- Fishing It Limited
13 - Industry AVG
Pay Structure
on an average salary of £24.2k, the company has an equivalent pay structure (£24.2k)
- Fishing It Limited
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £114k, this is equally as efficient (£120.1k)
- Fishing It Limited
£120.1k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (25 days)
- Fishing It Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (30 days)
- Fishing It Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 232 days, this is more than average (112 days)
- Fishing It Limited
112 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Fishing It Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.1%, this is a higher level of debt than the average (70%)
82.1% - Fishing It Limited
70% - Industry AVG
FISHING IT LIMITED financials
Fishing It Limited's latest turnover from November 2023 is estimated at £228 thousand and the company has net assets of £20.3 thousand. According to their latest financial statements, we estimate that Fishing It Limited has 2 employees and maintains cash reserves of £1.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 312,972 | 123,310 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 240,927 | 112,964 | ||||||
| Gross Profit | 72,045 | 10,346 | ||||||
| Admin Expenses | 56,012 | 40,606 | ||||||
| Operating Profit | 16,033 | -30,260 | ||||||
| Interest Payable | 0 | 0 | ||||||
| Interest Receivable | 0 | 0 | ||||||
| Pre-Tax Profit | 16,033 | -30,260 | ||||||
| Tax | 0 | 0 | ||||||
| Profit After Tax | 16,033 | -30,260 | ||||||
| Dividends Paid | 0 | 0 | ||||||
| Retained Profit | 16,033 | -30,260 | ||||||
| Employee Costs | 633 | |||||||
| Number Of Employees | 1 | 1 | 1 | 1 | ||||
| EBITDA* | 17,891 | -28,652 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,770 | 2,359 | 2,947 | 4,904 | 6,749 | 3,479 | 5,337 | 10,445 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 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 | 1,770 | 2,359 | 2,947 | 4,904 | 6,749 | 3,479 | 5,337 | 10,445 |
| Stock & work in progress | 100,168 | 108,818 | 0 | 0 | 0 | 0 | 64,705 | 49,850 |
| Trade Debtors | 10,251 | 13,088 | 208,143 | 84,627 | 86,103 | 82,644 | 5,722 | 8,425 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,135 | 21,628 | 0 | 0 | 0 | 0 | 3,636 | 811 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 0 |
| total current assets | 111,554 | 143,534 | 208,143 | 84,627 | 86,103 | 82,644 | 74,563 | 59,086 |
| total assets | 113,324 | 145,893 | 211,090 | 89,531 | 92,852 | 86,123 | 79,900 | 69,531 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 35,580 | 49,015 | 103,169 | 47,108 | 49,114 | 51,453 | 27,526 | 45,698 |
| 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 | 16,314 | 19,728 | 0 | 0 | 0 | 0 | 17,656 | 10,561 |
| total current liabilities | 51,894 | 68,743 | 103,169 | 47,108 | 49,114 | 51,453 | 45,182 | 56,259 |
| loans | 41,164 | 41,944 | 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 | 72,047 | 33,108 | 39,211 | 43,613 | 47,945 | 42,532 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 41,164 | 41,944 | 72,047 | 33,108 | 39,211 | 43,613 | 47,945 | 42,532 |
| total liabilities | 93,058 | 110,687 | 175,216 | 80,216 | 88,325 | 95,066 | 93,127 | 98,791 |
| net assets | 20,266 | 35,206 | 35,874 | 9,315 | 4,527 | -8,943 | -13,227 | -29,260 |
| total shareholders funds | 20,266 | 35,206 | 35,874 | 9,315 | 4,527 | -8,943 | -13,227 | -29,260 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 16,033 | -30,260 | ||||||
| Depreciation | 589 | 588 | 1,858 | 1,608 | ||||
| Amortisation | 0 | 0 | 0 | 0 | ||||
| Tax | 0 | 0 | ||||||
| Stock | -8,650 | 108,818 | 0 | 0 | 0 | -64,705 | 14,855 | 49,850 |
| Debtors | -2,837 | -195,055 | 123,516 | -1,476 | 3,459 | 76,922 | -2,703 | 8,425 |
| Creditors | -13,435 | -54,154 | 56,061 | -2,006 | -2,339 | 23,927 | -18,172 | 45,698 |
| Accruals and Deferred Income | -3,414 | 19,728 | 0 | 0 | 0 | -17,656 | 7,095 | 10,561 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -5,338 | -30,668 | ||||||
| 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 | -780 | 41,944 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -72,047 | 38,939 | -6,103 | -4,402 | -4,332 | 5,413 | 42,532 |
| share issue | ||||||||
| interest | 0 | 0 | ||||||
| cash flow from financing | 5,413 | 43,532 | ||||||
| cash and cash equivalents | ||||||||
| cash | -20,493 | 21,628 | 0 | 0 | 0 | -3,636 | 2,825 | 811 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -20,493 | 21,628 | 0 | 0 | 0 | -3,636 | 2,825 | 811 |
fishing it limited Credit Report and Business Information
Fishing It Limited Competitor Analysis
Perform a competitor analysis for fishing it limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NP23 area or any other competitors across 12 key performance metrics.
fishing it limited Ownership
FISHING IT LIMITED group structure
Fishing It Limited has no subsidiary companies.
Ultimate parent company
FISHING IT LIMITED
09641728
fishing it limited directors
Fishing It Limited currently has 3 directors. The longest serving directors include Mr Ian Exall (Jun 2015) and Mr Andrew Neal (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Exall | Wales | 53 years | Jun 2015 | - | Director |
| Mr Andrew Neal | Wales | 45 years | Jun 2015 | - | Director |
| Mr Iain Swanson | Wales | 49 years | Aug 2015 | - | Director |
P&L
November 2023turnover
228k
-3%
operating profit
-10.9k
0%
gross margin
31.1%
-1.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
20.3k
-0.42%
total assets
113.3k
-0.22%
cash
1.1k
-0.95%
net assets
Total assets minus all liabilities
fishing it limited company details
company number
09641728
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
June 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
14 hughes avenue, ebbw vale, gwent, NP23 6LH
Bank
-
Legal Advisor
-
fishing it 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 fishing it limited.
fishing it limited Companies House Filings - See Documents
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