velvet chocolate ltd
velvet chocolate ltd Company Information
Company Number
09718956
Next Accounts
Jan 2026
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
olufemi babajide
bukola omotunde babajide
Group Structure
View All
Contact
Registered Address
ridehalgh limited, guardian house, blackburn, lancashire, BB2 6AH
Website
www.chocolatevelvet.co.nzvelvet chocolate ltd Estimated Valuation
Pomanda estimates the enterprise value of VELVET CHOCOLATE LTD at £11.1m based on a Turnover of £3m and 3.69x industry multiple (adjusted for size and gross margin).
velvet chocolate ltd Estimated Valuation
Pomanda estimates the enterprise value of VELVET CHOCOLATE LTD at £62k based on an EBITDA of £8.5k and a 7.3x industry multiple (adjusted for size and gross margin).
velvet chocolate ltd Estimated Valuation
Pomanda estimates the enterprise value of VELVET CHOCOLATE LTD at £1.6m based on Net Assets of £908.2k and 1.71x industry multiple (adjusted for liquidity).
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Velvet Chocolate Ltd Overview
Velvet Chocolate Ltd is a live company located in blackburn, BB2 6AH with a Companies House number of 09718956. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2015, it's largest shareholder is olufemi babajide with a 50% stake. Velvet Chocolate Ltd is a established, small sized company, Pomanda has estimated its turnover at £3m with rapid growth in recent years.
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Velvet Chocolate Ltd Health Check
Pomanda's financial health check has awarded Velvet Chocolate Ltd a 5 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
5 Strong
2 Regular
3 Weak
Size
annual sales of £3m, make it larger than the average company (£950.3k)
- Velvet Chocolate Ltd
£950.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (5.4%)
- Velvet Chocolate Ltd
5.4% - Industry AVG
Production
with a gross margin of 72.6%, this company has a comparable cost of product (72.6%)
- Velvet Chocolate Ltd
72.6% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (28.2%)
- Velvet Chocolate Ltd
28.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Velvet Chocolate Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.6k, the company has an equivalent pay structure (£33.6k)
- Velvet Chocolate Ltd
£33.6k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£189.5k)
- Velvet Chocolate Ltd
£189.5k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (31 days)
- Velvet Chocolate Ltd
31 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Velvet Chocolate Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Velvet Chocolate Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (10 weeks)
18 weeks - Velvet Chocolate Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.6%, this is a lower level of debt than the average (68.6%)
49.6% - Velvet Chocolate Ltd
68.6% - Industry AVG
VELVET CHOCOLATE LTD financials
Velvet Chocolate Ltd's latest turnover from April 2024 is estimated at £3 million and the company has net assets of £908.2 thousand. According to their latest financial statements, Velvet Chocolate Ltd has 3 employees and maintains cash reserves of £10.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 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 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 226 | 1,336,811 | 1,497,631 | 1,663,333 | 1,730,313 | 1,377,324 | 1,452,190 | 1,465,988 | 1,061,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,419,220 | 15,166 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,419,446 | 1,351,977 | 1,497,631 | 1,663,333 | 1,730,313 | 1,377,324 | 1,452,190 | 1,465,988 | 1,161,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 371,523 | 257,125 | 209,790 | 202,264 | 227,007 | 332,054 | 107,449 | 13,300 | 23,196 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 10,333 | 17,224 | 0 | 0 | 0 | 0 | 0 | 0 | 4,424 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 2,351 | 4,476 | 0 |
| total current assets | 381,856 | 274,349 | 209,790 | 202,264 | 227,007 | 332,054 | 109,800 | 17,776 | 27,620 |
| total assets | 1,801,302 | 1,626,326 | 1,707,421 | 1,865,597 | 1,957,320 | 1,709,378 | 1,561,990 | 1,483,764 | 1,188,620 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 9,295 | 9,295 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 106,396 | 259,203 | 345,214 | 377,494 | 508,410 | 559,207 | 378,138 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 4,407 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 14,650 | 28,963 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 28,352 | 38,258 | 106,396 | 259,203 | 345,214 | 377,494 | 508,410 | 559,207 | 378,138 |
| loans | 864,705 | 604,999 | 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 | 618,717 | 641,180 | 650,475 | 366,155 | 113,155 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 864,705 | 604,999 | 618,717 | 641,180 | 650,475 | 366,155 | 113,155 | 0 | 0 |
| total liabilities | 893,057 | 643,257 | 725,113 | 900,383 | 995,689 | 743,649 | 621,565 | 559,207 | 378,138 |
| net assets | 908,245 | 983,069 | 982,308 | 965,214 | 961,631 | 965,729 | 940,425 | 924,557 | 810,482 |
| total shareholders funds | 908,245 | 983,069 | 982,308 | 965,214 | 961,631 | 965,729 | 940,425 | 924,557 | 810,482 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 75 | 0 | |||||||
| Amortisation | 0 | 0 | |||||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 114,398 | 47,335 | 7,526 | -24,743 | -105,047 | 224,605 | 94,149 | -9,896 | 23,196 |
| Creditors | 0 | -106,396 | -152,807 | -86,011 | -32,280 | -130,916 | -50,797 | 181,069 | 378,138 |
| Accruals and Deferred Income | -14,313 | 28,963 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 1,404,054 | 15,166 | 0 | 0 | 0 | 0 | 0 | -100,000 | 100,000 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 9,295 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 4,407 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 259,706 | 604,999 | 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 | -618,717 | -22,463 | -9,295 | 284,320 | 253,000 | 113,155 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -6,891 | 17,224 | 0 | 0 | 0 | 0 | 0 | -4,424 | 4,424 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,891 | 17,224 | 0 | 0 | 0 | 0 | 0 | -4,424 | 4,424 |
velvet chocolate ltd Credit Report and Business Information
Velvet Chocolate Ltd Competitor Analysis
Perform a competitor analysis for velvet chocolate ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in BB2 area or any other competitors across 12 key performance metrics.
velvet chocolate ltd Ownership
VELVET CHOCOLATE LTD group structure
Velvet Chocolate Ltd has no subsidiary companies.
Ultimate parent company
VELVET CHOCOLATE LTD
09718956
velvet chocolate ltd directors
Velvet Chocolate Ltd currently has 2 directors. The longest serving directors include Mr Olufemi Babajide (Aug 2015) and Mrs Bukola Babajide (Aug 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Olufemi Babajide | England | 52 years | Aug 2015 | - | Director |
| Mrs Bukola Babajide | England | 50 years | Aug 2015 | - | Director |
P&L
April 2024turnover
3m
+53%
operating profit
8.4k
0%
gross margin
72.6%
+0.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
908.2k
-0.08%
total assets
1.8m
+0.11%
cash
10.3k
-0.4%
net assets
Total assets minus all liabilities
velvet chocolate ltd company details
company number
09718956
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
RIDEHALGH LIMITED
auditor
-
address
ridehalgh limited, guardian house, blackburn, lancashire, BB2 6AH
Bank
-
Legal Advisor
-
velvet chocolate 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 found 16 charges/mortgages relating to velvet chocolate ltd. Currently there are 10 open charges and 6 have been satisfied in the past.
velvet chocolate ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for VELVET CHOCOLATE LTD. This can take several minutes, an email will notify you when this has completed.
velvet chocolate ltd Companies House Filings - See Documents
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