morecambe bay slings cic
morecambe bay slings cic Company Information
Company Number
10016340
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Library activities
Registered Address
16 mount avenue, morecambe, LA4 6DJ
Website
www.morecambebayslings.co.ukmorecambe bay slings cic Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE BAY SLINGS CIC at £8.4k based on a Turnover of £13k and 0.65x industry multiple (adjusted for size and gross margin).
morecambe bay slings cic Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE BAY SLINGS CIC at £0 based on an EBITDA of £-35 and a 6.71x industry multiple (adjusted for size and gross margin).
morecambe bay slings cic Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE BAY SLINGS CIC at £8k based on Net Assets of £4.2k and 1.87x industry multiple (adjusted for liquidity).
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Morecambe Bay Slings Cic Overview
Morecambe Bay Slings Cic is a live company located in morecambe, LA4 6DJ with a Companies House number of 10016340. It operates in the library activities sector, SIC Code 91011. Founded in February 2016, it's largest shareholder is unknown. Morecambe Bay Slings Cic is a young, micro sized company, Pomanda has estimated its turnover at £13k with healthy growth in recent years.
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Morecambe Bay Slings Cic Health Check
Pomanda's financial health check has awarded Morecambe Bay Slings Cic a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £13k, make it smaller than the average company (£508.4k)
- Morecambe Bay Slings Cic
£508.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (2.8%)
- Morecambe Bay Slings Cic
2.8% - Industry AVG
Production
with a gross margin of 11.9%, this company has a higher cost of product (27.4%)
- Morecambe Bay Slings Cic
27.4% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (2.4%)
- Morecambe Bay Slings Cic
2.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Morecambe Bay Slings Cic
12 - Industry AVG
Pay Structure
on an average salary of £24.3k, the company has an equivalent pay structure (£24.3k)
- Morecambe Bay Slings Cic
£24.3k - Industry AVG
Efficiency
resulting in sales per employee of £13k, this is less efficient (£55.1k)
- Morecambe Bay Slings Cic
£55.1k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (7 days)
- Morecambe Bay Slings Cic
7 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is slower than average (26 days)
- Morecambe Bay Slings Cic
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morecambe Bay Slings Cic
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Morecambe Bay Slings Cic
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.7%, this is a higher level of debt than the average (9.8%)
18.7% - Morecambe Bay Slings Cic
9.8% - Industry AVG
MORECAMBE BAY SLINGS CIC financials
Morecambe Bay Slings Cic's latest turnover from December 2023 is estimated at £13 thousand and the company has net assets of £4.2 thousand. According to their latest financial statements, we estimate that Morecambe Bay Slings Cic has 1 employee and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 9,410 | |||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 0 | |||||||
| Interest Receivable | 0 | |||||||
| Pre-Tax Profit | 6,326 | |||||||
| Tax | -195 | |||||||
| Profit After Tax | 6,131 | |||||||
| Dividends Paid | 0 | |||||||
| Retained Profit | 6,131 | |||||||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,706 | 4,079 | 4,866 | 5,352 | 5,870 | 6,613 | 5,864 | 5,354 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,706 | 4,079 | 4,866 | 5,352 | 5,870 | 6,613 | 5,864 | 5,354 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,516 | 513 | 1,302 | 787 | 336 | 796 | 1,168 | 1,322 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,516 | 513 | 1,302 | 787 | 336 | 796 | 1,168 | 1,322 |
| total assets | 5,222 | 4,592 | 6,168 | 6,139 | 6,206 | 7,409 | 7,032 | 6,676 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 975 | 310 | 665 | 500 | 480 | 670 | 358 | 545 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 975 | 310 | 665 | 500 | 480 | 670 | 358 | 545 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 975 | 310 | 665 | 500 | 480 | 670 | 358 | 545 |
| net assets | 4,247 | 4,282 | 5,503 | 5,639 | 5,726 | 6,739 | 6,674 | 6,131 |
| total shareholders funds | 4,247 | 4,282 | 5,503 | 5,639 | 5,726 | 6,739 | 6,674 | 6,131 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | ||||||||
| Amortisation | ||||||||
| Tax | -195 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,003 | -789 | 515 | 451 | -460 | -372 | -154 | 1,322 |
| Creditors | 665 | -355 | 165 | 20 | -190 | 312 | -187 | 545 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | |||||||
| cash flow from financing | 0 | |||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
morecambe bay slings cic Credit Report and Business Information
Morecambe Bay Slings Cic Competitor Analysis
Perform a competitor analysis for morecambe bay slings cic by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in LA4 area or any other competitors across 12 key performance metrics.
morecambe bay slings cic Ownership
MORECAMBE BAY SLINGS CIC group structure
Morecambe Bay Slings Cic has no subsidiary companies.
Ultimate parent company
MORECAMBE BAY SLINGS CIC
10016340
morecambe bay slings cic directors
Morecambe Bay Slings Cic currently has 3 directors. The longest serving directors include Ms Abigail Doughty (Feb 2016) and Mrs Tamsin Coxhill (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Abigail Doughty | United Kingdom | 50 years | Feb 2016 | - | Director |
| Mrs Tamsin Coxhill | United Kingdom | 49 years | Feb 2016 | - | Director |
| Ms Anthea Manderson | United Kingdom | 40 years | Feb 2016 | - | Director |
P&L
December 2023turnover
13k
+177%
operating profit
-35
0%
gross margin
12%
+46.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.2k
-0.01%
total assets
5.2k
+0.14%
cash
0
0%
net assets
Total assets minus all liabilities
morecambe bay slings cic company details
company number
10016340
Type
Private Ltd By Guarantee w/o Share Cap
industry
91011 - Library activities
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
GEORGE WHITTAKER
auditor
-
address
16 mount avenue, morecambe, LA4 6DJ
Bank
-
Legal Advisor
-
morecambe bay slings cic 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 morecambe bay slings cic.
morecambe bay slings cic 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 MORECAMBE BAY SLINGS CIC. This can take several minutes, an email will notify you when this has completed.
morecambe bay slings cic Companies House Filings - See Documents
| date | description | view/download |
|---|
