wareshop2 limited

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wareshop2 limited Company Information

Share WARESHOP2 LIMITED

Company Number

09870840

Directors

Adam Moore

Shareholders

sportsdirect.com retail limited

Group Structure

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Industry

Retail sale of sporting equipment in specialised stores

 +1

Registered Address

unit a brook park east, shirebrook, NG20 8RY

wareshop2 limited Estimated Valuation

£876.9m

Pomanda estimates the enterprise value of WARESHOP2 LIMITED at £876.9m based on a Turnover of £1.1b and 0.82x industry multiple (adjusted for size and gross margin).

wareshop2 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WARESHOP2 LIMITED at £0 based on an EBITDA of £-28k and a 9.03x industry multiple (adjusted for size and gross margin).

wareshop2 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of WARESHOP2 LIMITED at £0 based on Net Assets of £-1.4m and 2.07x industry multiple (adjusted for liquidity).

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Wareshop2 Limited Overview

Wareshop2 Limited is a live company located in shirebrook, NG20 8RY with a Companies House number of 09870840. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in November 2015, it's largest shareholder is sportsdirect.com retail limited with a 100% stake. Wareshop2 Limited is a established, mega sized company, Pomanda has estimated its turnover at £1.1b with high growth in recent years.

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Wareshop2 Limited Health Check

Pomanda's financial health check has awarded Wareshop2 Limited a 4.5 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

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £1.1b, make it larger than the average company (£474.2k)

£1.1b - Wareshop2 Limited

£474.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.9%)

20% - Wareshop2 Limited

6.9% - Industry AVG

production

Production

with a gross margin of 40.8%, this company has a lower cost of product (33.9%)

40.8% - Wareshop2 Limited

33.9% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (2.7%)

0% - Wareshop2 Limited

2.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (12)

2 - Wareshop2 Limited

12 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Wareshop2 Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £534.5m, this is more efficient (£147.6k)

£534.5m - Wareshop2 Limited

£147.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (23 days)

0 days - Wareshop2 Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (31 days)

0 days - Wareshop2 Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (100 days)

2 days - Wareshop2 Limited

100 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (17 weeks)

17 weeks - Wareshop2 Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 102.1%, this is a higher level of debt than the average (71%)

102.1% - Wareshop2 Limited

71% - Industry AVG

WARESHOP2 LIMITED financials

EXPORTms excel logo

Wareshop2 Limited's latest turnover from April 2023 is £1.1 billion and the company has net assets of -£1.4 million. According to their latest financial statements, Wareshop2 Limited has 2 employees and maintains cash reserves of £21.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017
Turnover1,068,960,000968,175,0001,199,365,000618,548,000573,148,000
Other Income Or Grants
Cost Of Sales633,007,000529,024,000631,916,000344,596,000348,960,000
Gross Profit435,953,000439,151,000567,449,000273,952,000224,188,000
Admin Expenses435,981,000440,619,000565,739,000273,991,000-2,640,841226,333,000
Operating Profit-28,000-1,468,0001,710,000-39,0002,640,841-2,145,000
Interest Payable4,0007,0008,0006,000
Interest Receivable14,715
Pre-Tax Profit-32,000-1,475,0001,702,000-39,0002,655,556-2,151,000
Tax-504,556
Profit After Tax-32,000-1,475,0001,702,000-39,0002,151,000-2,151,000
Dividends Paid
Retained Profit-32,000-1,475,0001,702,000-39,0002,151,000-2,151,000
Employee Costs47,57893,665,060
Number Of Employees22223,746
EBITDA*-28,000-1,468,0001,710,000-39,0002,640,841-2,145,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress3,898,0002,376,0003,528,0007,663,0003,239,000
Trade Debtors493,000
Group Debtors31,613,00023,231,00070,817,00023,514,0005,421,000
Misc Debtors7,141,00014,371,00025,846,0008,464,000857,000
Cash21,894,0001,920,0003,762,000723,0003,924,000
misc current assets
total current assets65,039,00041,898,000103,953,00040,364,00013,441,000
total assets65,039,00041,898,000103,953,00040,364,00013,441,000
Bank overdraft
Bank loan
Trade Creditors 884,0001,410,0001,497,0002,377,0003,087,000
Group/Directors Accounts6,644,000
other short term finances
hp & lease commitments
other current liabilities65,509,00041,810,000102,303,00039,536,0005,861,000
total current liabilities66,393,00043,220,000103,800,00041,913,00015,592,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities66,393,00043,220,000103,800,00041,913,00015,592,000
net assets-1,354,000-1,322,000153,000-1,549,000-2,151,000
total shareholders funds-1,354,000-1,322,000153,000-1,549,000-2,151,000
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017
Operating Activities
Operating Profit-28,000-1,468,0001,710,000-39,0002,640,841-2,145,000
Depreciation
Amortisation
Tax-504,556
Stock1,522,000-1,152,000-4,135,0007,663,000-3,239,0003,239,000
Debtors1,645,000-59,061,00064,685,00031,978,000-6,278,0006,278,000
Creditors-526,000-87,000-880,0002,377,000-3,087,0003,087,000
Accruals and Deferred Income23,699,000-60,493,00062,767,00039,536,000-5,861,0005,861,000
Deferred Taxes & Provisions
Cash flow from operations19,978,000-1,835,0003,047,0002,233,0002,705,285-2,714,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-6,644,0006,644,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1,510,000
interest-4,000-7,000-8,00014,715-6,000
cash flow from financing-4,000-7,000-8,000-1,510,000-6,629,2856,638,000
cash and cash equivalents
cash19,974,000-1,842,0003,039,000723,000-3,924,0003,924,000
overdraft
change in cash19,974,000-1,842,0003,039,000723,000-3,924,0003,924,000

wareshop2 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Wareshop2 Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for wareshop2 limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in NG20 area or any other competitors across 12 key performance metrics.

wareshop2 limited Ownership

WARESHOP2 LIMITED group structure

Wareshop2 Limited has no subsidiary companies.

Ultimate parent company

2 parents

WARESHOP2 LIMITED

09870840

WARESHOP2 LIMITED Shareholders

sportsdirect.com retail limited 100%

wareshop2 limited directors

Wareshop2 Limited currently has 1 director, Mr Adam Moore serving since Dec 2024.

officercountryagestartendrole
Mr Adam Moore38 years Dec 2024- Director

P&L

April 2023

turnover

1.1b

+10%

operating profit

-28k

-98%

gross margin

40.8%

-10.09%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

-1.4m

+0.02%

total assets

65m

+0.55%

cash

21.9m

+10.4%

net assets

Total assets minus all liabilities

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wareshop2 limited company details

company number

09870840

Type

Private limited with Share Capital

industry

47640 - Retail sale of sporting equipment in specialised stores

47910 - Retail sale via mail order houses or via Internet

incorporation date

November 2015

age

10

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

April 2023

previous names

N/A

accountant

-

auditor

RSM UK AUDIT LLP

address

unit a brook park east, shirebrook, NG20 8RY

Bank

-

Legal Advisor

-

wareshop2 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 wareshop2 limited.

wareshop2 limited Capital Raised & Share Issues BETA

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wareshop2 limited Companies House Filings - See Documents

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