london sea chest ltd
london sea chest ltd Company Information
Company Number
09643430
Website
www.seachest.co.ukRegistered Address
149 stoke newington road, london, N16 8BP
Industry
Retail sale of books in specialised stores
Telephone
01752206114
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
kamil kolabas 50%
yusuf sertkaya 50%
london sea chest ltd Estimated Valuation
Pomanda estimates the enterprise value of LONDON SEA CHEST LTD at £57.1k based on a Turnover of £170.1k and 0.34x industry multiple (adjusted for size and gross margin).
london sea chest ltd Estimated Valuation
Pomanda estimates the enterprise value of LONDON SEA CHEST LTD at £0 based on an EBITDA of £-39.9k and a 3.31x industry multiple (adjusted for size and gross margin).
london sea chest ltd Estimated Valuation
Pomanda estimates the enterprise value of LONDON SEA CHEST LTD at £774.3k based on Net Assets of £144.4k and 5.36x industry multiple (adjusted for liquidity).
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London Sea Chest Ltd Overview
London Sea Chest Ltd is a live company located in london, N16 8BP with a Companies House number of 09643430. It operates in the retail sale of books in specialised stores sector, SIC Code 47610. Founded in June 2015, it's largest shareholder is kamil kolabas with a 50% stake. London Sea Chest Ltd is a young, micro sized company, Pomanda has estimated its turnover at £170.1k with declining growth in recent years.
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London Sea Chest Ltd Health Check
Pomanda's financial health check has awarded London Sea Chest Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £170.1k, make it smaller than the average company (£317.5k)
- London Sea Chest Ltd
£317.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (3.4%)
- London Sea Chest Ltd
3.4% - Industry AVG
Production
with a gross margin of 44.3%, this company has a comparable cost of product (44.3%)
- London Sea Chest Ltd
44.3% - Industry AVG
Profitability
an operating margin of -23.7% make it less profitable than the average company (2.2%)
- London Sea Chest Ltd
2.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (8)
2 - London Sea Chest Ltd
8 - Industry AVG
Pay Structure
on an average salary of £22.3k, the company has an equivalent pay structure (£22.3k)
- London Sea Chest Ltd
£22.3k - Industry AVG
Efficiency
resulting in sales per employee of £85.1k, this is more efficient (£65.6k)
- London Sea Chest Ltd
£65.6k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is near the average (12 days)
- London Sea Chest Ltd
12 days - Industry AVG
Creditor Days
its suppliers are paid after 124 days, this is slower than average (35 days)
- London Sea Chest Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 247 days, this is more than average (72 days)
- London Sea Chest Ltd
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (37 weeks)
5 weeks - London Sea Chest Ltd
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.7%, this is a lower level of debt than the average (68.4%)
29.7% - London Sea Chest Ltd
68.4% - Industry AVG
LONDON SEA CHEST LTD financials
London Sea Chest Ltd's latest turnover from December 2023 is estimated at £170.1 thousand and the company has net assets of £144.4 thousand. According to their latest financial statements, London Sea Chest Ltd has 2 employees and maintains cash reserves of £6.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 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 | 3 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,475 | 1,798 | 2,193 | 2,674 | 3,262 | 3,978 | 0 | 449 | 0 |
| Intangible Assets | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 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 | 126,475 | 126,798 | 127,193 | 127,674 | 128,262 | 128,978 | 125,000 | 125,449 | 0 |
| Stock & work in progress | 64,256 | 80,050 | 80,050 | 79,992 | 76,000 | 77,000 | 77,000 | 75,000 | 0 |
| Trade Debtors | 6,273 | 76,003 | 63,138 | 49,557 | 38,719 | 31,490 | 23,436 | 2,662 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 6,245 | 9,273 | 4,554 | 3,539 | 5,133 | 25,708 | 1,143 | 8,622 | 0 |
| misc current assets | 0 | 2,194 | 15 | 1,754 | 2,110 | 2,976 | 819 | 1,060 | 0 |
| total current assets | 78,974 | 167,520 | 147,757 | 134,842 | 121,962 | 137,174 | 102,398 | 87,344 | 0 |
| total assets | 205,449 | 294,318 | 274,950 | 262,516 | 250,224 | 266,152 | 227,398 | 212,793 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 32,292 | 81,154 | 64,365 | 75,390 | 87,320 | 68,294 | 25,745 | 46,995 | 0 |
| 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 | 22,610 | 19,978 | 13,096 | 9,618 | 9,601 | 8,967 | 9,329 | 6,585 | 0 |
| total current liabilities | 54,902 | 101,132 | 77,461 | 85,008 | 96,921 | 77,261 | 35,074 | 53,580 | 0 |
| loans | 6,195 | 8,167 | 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 | 0 |
| 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 | 6,195 | 8,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 61,097 | 109,299 | 77,461 | 85,008 | 96,921 | 77,261 | 35,074 | 53,580 | 0 |
| net assets | 144,352 | 185,019 | 197,489 | 177,508 | 153,303 | 188,891 | 192,324 | 159,213 | 0 |
| total shareholders funds | 144,352 | 185,019 | 197,489 | 177,508 | 153,303 | 188,891 | 192,324 | 159,213 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 323 | 395 | 481 | 588 | 716 | 873 | 874 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | -15,794 | 0 | 58 | 3,992 | -1,000 | 0 | 2,000 | 75,000 | 0 |
| Debtors | -67,530 | 12,865 | 13,581 | 10,838 | 7,229 | 8,054 | 20,774 | 2,662 | 0 |
| Creditors | -48,862 | 16,789 | -11,025 | -11,930 | 19,026 | 42,549 | -21,250 | 46,995 | 0 |
| Accruals and Deferred Income | 2,632 | 6,882 | 3,478 | 17 | 634 | -362 | 2,744 | 6,585 | 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 | -1,972 | 8,167 | 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 | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -3,028 | 4,719 | 1,015 | -1,594 | -20,575 | 24,565 | -7,479 | 8,622 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,028 | 4,719 | 1,015 | -1,594 | -20,575 | 24,565 | -7,479 | 8,622 | 0 |
london sea chest ltd Credit Report and Business Information
London Sea Chest Ltd Competitor Analysis
Perform a competitor analysis for london sea chest 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 N16 area or any other competitors across 12 key performance metrics.
london sea chest ltd Ownership
LONDON SEA CHEST LTD group structure
London Sea Chest Ltd has no subsidiary companies.
Ultimate parent company
LONDON SEA CHEST LTD
09643430
london sea chest ltd directors
London Sea Chest Ltd currently has 3 directors. The longest serving directors include Mr Yusuf Sertkaya (Sep 2022) and Mr Kamil Kolabas (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Yusuf Sertkaya | England | 68 years | Sep 2022 | - | Director |
| Mr Kamil Kolabas | England | 67 years | Dec 2022 | - | Director |
| Mr Mustafa San | England | 47 years | Nov 2023 | - | Director |
P&L
December 2023turnover
170.1k
-75%
operating profit
-40.3k
0%
gross margin
44.3%
+2.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
144.4k
-0.22%
total assets
205.4k
-0.3%
cash
6.2k
-0.33%
net assets
Total assets minus all liabilities
london sea chest ltd company details
company number
09643430
Type
Private limited with Share Capital
industry
47610 - Retail sale of books in specialised stores
incorporation date
June 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
plymouth sea chest limited (June 2024)
accountant
-
auditor
-
address
149 stoke newington road, london, N16 8BP
Bank
-
Legal Advisor
-
london sea chest 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 london sea chest ltd.
london sea chest ltd Companies House Filings - See Documents
| date | description | view/download |
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