wareshop2 limited
wareshop2 limited Company Information
Company Number
09870840
Next Accounts
46 days late
Directors
Shareholders
sportsdirect.com retail limited
Group Structure
View All
Industry
Retail sale of sporting equipment in specialised stores
+1Registered Address
unit a brook park east, shirebrook, NG20 8RY
Website
https://www.sportsdirect.comwareshop2 limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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
6 Strong
1 Regular
4 Weak
Size
annual sales of £1.1b, make it larger than the average company (£474.2k)
£1.1b - Wareshop2 Limited
£474.2k - Industry AVG
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
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
an operating margin of 0% make it less profitable than the average company (2.7%)
0% - Wareshop2 Limited
2.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Wareshop2 Limited
12 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Wareshop2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £534.5m, this is more efficient (£147.6k)
£534.5m - Wareshop2 Limited
£147.6k - Industry AVG
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
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
0 days - Wareshop2 Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (100 days)
2 days - Wareshop2 Limited
100 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,068,960,000 | 968,175,000 | 1,199,365,000 | 618,548,000 | 573,148,000 | ||
| Other Income Or Grants | |||||||
| Cost Of Sales | 633,007,000 | 529,024,000 | 631,916,000 | 344,596,000 | 348,960,000 | ||
| Gross Profit | 435,953,000 | 439,151,000 | 567,449,000 | 273,952,000 | 224,188,000 | ||
| Admin Expenses | 435,981,000 | 440,619,000 | 565,739,000 | 273,991,000 | 226,333,000 | ||
| Operating Profit | -28,000 | -1,468,000 | 1,710,000 | -39,000 | -2,145,000 | ||
| Interest Payable | 4,000 | 7,000 | 8,000 | 6,000 | |||
| Interest Receivable | |||||||
| Pre-Tax Profit | -32,000 | -1,475,000 | 1,702,000 | -39,000 | -2,151,000 | ||
| Tax | |||||||
| Profit After Tax | -32,000 | -1,475,000 | 1,702,000 | -39,000 | -2,151,000 | ||
| Dividends Paid | |||||||
| Retained Profit | -32,000 | -1,475,000 | 1,702,000 | -39,000 | -2,151,000 | ||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | 2 | 2 | |||
| EBITDA* | -28,000 | -1,468,000 | 1,710,000 | -39,000 | -2,145,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | |||||||
| Stock & work in progress | 3,898,000 | 2,376,000 | 3,528,000 | 7,663,000 | 3,239,000 | ||
| Trade Debtors | 493,000 | ||||||
| Group Debtors | 31,613,000 | 23,231,000 | 70,817,000 | 23,514,000 | 5,421,000 | ||
| Misc Debtors | 7,141,000 | 14,371,000 | 25,846,000 | 8,464,000 | 857,000 | ||
| Cash | 21,894,000 | 1,920,000 | 3,762,000 | 723,000 | 3,924,000 | ||
| misc current assets | |||||||
| total current assets | 65,039,000 | 41,898,000 | 103,953,000 | 40,364,000 | 13,441,000 | ||
| total assets | 65,039,000 | 41,898,000 | 103,953,000 | 40,364,000 | 13,441,000 | ||
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 884,000 | 1,410,000 | 1,497,000 | 2,377,000 | 3,087,000 | ||
| Group/Directors Accounts | 6,644,000 | ||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 65,509,000 | 41,810,000 | 102,303,000 | 39,536,000 | 5,861,000 | ||
| total current liabilities | 66,393,000 | 43,220,000 | 103,800,000 | 41,913,000 | 15,592,000 | ||
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 66,393,000 | 43,220,000 | 103,800,000 | 41,913,000 | 15,592,000 | ||
| net assets | -1,354,000 | -1,322,000 | 153,000 | -1,549,000 | -2,151,000 | ||
| total shareholders funds | -1,354,000 | -1,322,000 | 153,000 | -1,549,000 | -2,151,000 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -28,000 | -1,468,000 | 1,710,000 | -39,000 | -2,145,000 | ||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 1,522,000 | -1,152,000 | -4,135,000 | 7,663,000 | -3,239,000 | 3,239,000 | |
| Debtors | 1,645,000 | -59,061,000 | 64,685,000 | 31,978,000 | -6,278,000 | 6,278,000 | |
| Creditors | -526,000 | -87,000 | -880,000 | 2,377,000 | -3,087,000 | 3,087,000 | |
| Accruals and Deferred Income | 23,699,000 | -60,493,000 | 62,767,000 | 39,536,000 | -5,861,000 | 5,861,000 | |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 19,978,000 | -1,835,000 | 3,047,000 | 2,233,000 | -2,714,000 | ||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -6,644,000 | 6,644,000 | |||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -4,000 | -7,000 | -8,000 | -6,000 | |||
| cash flow from financing | -4,000 | -7,000 | -8,000 | -1,510,000 | 6,638,000 | ||
| cash and cash equivalents | |||||||
| cash | 19,974,000 | -1,842,000 | 3,039,000 | 723,000 | -3,924,000 | 3,924,000 | |
| overdraft | |||||||
| change in cash | 19,974,000 | -1,842,000 | 3,039,000 | 723,000 | -3,924,000 | 3,924,000 |
wareshop2 limited Credit Report and Business Information
Wareshop2 Limited Competitor Analysis
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 directors
Wareshop2 Limited currently has 1 director, Mr Adam Moore serving since Dec 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Moore | 38 years | Dec 2024 | - | Director |
P&L
April 2023turnover
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 2023net assets
-1.4m
+0.02%
total assets
65m
+0.55%
cash
21.9m
+10.4%
net assets
Total assets minus all liabilities
Similar Companies
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
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.
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wareshop2 limited Companies House Filings - See Documents
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