coving shop limited
coving shop limited Company Information
Company Number
09712579
Website
www.covingshop.comRegistered Address
46 ormside way, redhill, surrey, RH1 2LW
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
01737668979
Next Accounts Due
December 2025
Group Structure
View All
Directors
Angelis Tsonis9 Years
Shareholders
angelis tsonis 100%
coving shop limited Estimated Valuation
Pomanda estimates the enterprise value of COVING SHOP LIMITED at £98.7k based on a Turnover of £288k and 0.34x industry multiple (adjusted for size and gross margin).
coving shop limited Estimated Valuation
Pomanda estimates the enterprise value of COVING SHOP LIMITED at £690.6k based on an EBITDA of £201.5k and a 3.43x industry multiple (adjusted for size and gross margin).
coving shop limited Estimated Valuation
Pomanda estimates the enterprise value of COVING SHOP LIMITED at £1.4m based on Net Assets of £633.2k and 2.14x industry multiple (adjusted for liquidity).
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Coving Shop Limited Overview
Coving Shop Limited is a live company located in surrey, RH1 2LW with a Companies House number of 09712579. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 2015, it's largest shareholder is angelis tsonis with a 100% stake. Coving Shop Limited is a young, micro sized company, Pomanda has estimated its turnover at £288k with declining growth in recent years.
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Coving Shop Limited Health Check
Pomanda's financial health check has awarded Coving Shop Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £288k, make it smaller than the average company (£7.1m)
- Coving Shop Limited
£7.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (9.8%)
- Coving Shop Limited
9.8% - Industry AVG
Production
with a gross margin of 14.2%, this company has a higher cost of product (24.6%)
- Coving Shop Limited
24.6% - Industry AVG
Profitability
an operating margin of 66.2% make it more profitable than the average company (6.3%)
- Coving Shop Limited
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (34)
1 - Coving Shop Limited
34 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Coving Shop Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £288k, this is more efficient (£191.5k)
- Coving Shop Limited
£191.5k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (55 days)
- Coving Shop Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 202 days, this is slower than average (36 days)
- Coving Shop Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Coving Shop Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 277 weeks, this is more cash available to meet short term requirements (20 weeks)
277 weeks - Coving Shop Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.1%, this is a lower level of debt than the average (61.5%)
19.1% - Coving Shop Limited
61.5% - Industry AVG
COVING SHOP LIMITED financials
Coving Shop Limited's latest turnover from March 2024 is estimated at £288 thousand and the company has net assets of £633.2 thousand. According to their latest financial statements, Coving Shop Limited has 1 employee and maintains cash reserves of £731.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 474,251 | ||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | 7 | ||||||||
| Interest Receivable | 0 | ||||||||
| Pre-Tax Profit | 155,719 | ||||||||
| Tax | -31,451 | ||||||||
| Profit After Tax | 124,268 | ||||||||
| Dividends Paid | 0 | ||||||||
| Retained Profit | 124,268 | ||||||||
| Employee Costs | 62,372 | ||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 23,556 | 37,701 | 26,691 | 33,492 | 43,175 | 123,482 | 25,045 | 29,914 | 10,620 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 23,556 | 37,701 | 26,691 | 33,492 | 43,175 | 123,482 | 25,045 | 29,914 | 10,620 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 26,855 | 19,229 | 8,471 | 390,827 | 285,259 | 5,035 | 1,974 | 1,031 | 130 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 731,791 | 527,716 | 439,701 | 0 | 0 | 223,120 | 193,844 | 220,867 | 72,677 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 758,646 | 546,945 | 448,172 | 390,827 | 285,259 | 228,155 | 195,818 | 221,898 | 72,807 |
| total assets | 782,202 | 584,646 | 474,863 | 424,319 | 328,434 | 351,637 | 220,863 | 251,812 | 83,427 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 137,350 | 96,336 | 63,230 | 67,016 | 108,185 | 2,342 | 5,178 | 98 | 3,250 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 59,552 | 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 | 0 | 0 | 0 | 0 | 0 | 36,039 | 46,370 | 58,394 | 30,504 |
| total current liabilities | 137,350 | 96,336 | 63,230 | 67,016 | 108,185 | 97,933 | 51,548 | 58,492 | 33,754 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 66,550 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 775 | 775 | 0 | 0 | 0 | 0 |
| other liabilities | 11,667 | 21,667 | 40,889 | 55,872 | 11,744 | 0 | 12,628 | 32,784 | 3,622 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,667 | 21,667 | 40,889 | 56,647 | 12,519 | 66,550 | 12,628 | 32,784 | 3,622 |
| total liabilities | 149,017 | 118,003 | 104,119 | 123,663 | 120,704 | 164,483 | 64,176 | 91,276 | 37,376 |
| net assets | 633,185 | 466,643 | 370,744 | 300,656 | 207,730 | 187,154 | 156,687 | 160,536 | 46,051 |
| total shareholders funds | 633,185 | 466,643 | 370,744 | 300,656 | 207,730 | 187,154 | 156,687 | 160,536 | 46,051 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 10,903 | 9,920 | 22,429 | 20,416 | 41,575 | 8,418 | 9,993 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -31,451 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,626 | 10,758 | -382,356 | 105,568 | 280,224 | 3,061 | 943 | 901 | 130 |
| Creditors | 41,014 | 33,106 | -3,786 | -41,169 | 105,843 | -2,836 | 5,080 | -3,152 | 3,250 |
| Accruals and Deferred Income | 0 | 0 | -775 | 0 | -35,264 | -10,331 | -12,024 | 27,890 | 30,504 |
| 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 | -59,552 | 59,552 | 0 | 0 | 0 |
| 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 | -66,550 | 66,550 | 0 | 0 | 0 |
| other long term liabilities | -10,000 | -19,222 | -14,983 | 44,128 | 11,744 | -12,628 | -20,156 | 29,162 | 3,622 |
| share issue | |||||||||
| interest | -7 | ||||||||
| cash flow from financing | 12,779 | ||||||||
| cash and cash equivalents | |||||||||
| cash | 204,075 | 88,015 | 439,701 | 0 | -223,120 | 29,276 | -27,023 | 148,190 | 72,677 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 204,075 | 88,015 | 439,701 | 0 | -223,120 | 29,276 | -27,023 | 148,190 | 72,677 |
coving shop limited Credit Report and Business Information
Coving Shop Limited Competitor Analysis
Perform a competitor analysis for coving shop limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in RH1 area or any other competitors across 12 key performance metrics.
coving shop limited Ownership
COVING SHOP LIMITED group structure
Coving Shop Limited has no subsidiary companies.
Ultimate parent company
COVING SHOP LIMITED
09712579
coving shop limited directors
Coving Shop Limited currently has 1 director, Mr Angelis Tsonis serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Angelis Tsonis | England | 60 years | Jul 2015 | - | Director |
P&L
March 2024turnover
288k
+40%
operating profit
190.6k
0%
gross margin
14.2%
+4.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
633.2k
+0.36%
total assets
782.2k
+0.34%
cash
731.8k
+0.39%
net assets
Total assets minus all liabilities
coving shop limited company details
company number
09712579
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
July 2015
age
9
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
decor mouldings limited (October 2017)
accountant
MERRANTI FIGURES ACCOUNTING LTD
auditor
-
address
46 ormside way, redhill, surrey, RH1 2LW
Bank
-
Legal Advisor
-
coving shop 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 coving shop limited.
coving shop limited Companies House Filings - See Documents
| date | description | view/download |
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