sofa success ltd
sofa success ltd Company Information
Company Number
10162564
Website
www.sofasuccess.co.ukRegistered Address
oakley house oakley road, battledown, cheltenham, gloucestershire, GL52 6NZ
Industry
Agents involved in the sale of furniture, household goods, hardware and ironmongery
Telephone
01452506820
Next Accounts Due
February 2025
Group Structure
View All
Directors
Andrew Smith8 Years
Shareholders
andrew smith 100%
sofa success ltd Estimated Valuation
Pomanda estimates the enterprise value of SOFA SUCCESS LTD at £605.5k based on a Turnover of £2.4m and 0.26x industry multiple (adjusted for size and gross margin).
sofa success ltd Estimated Valuation
Pomanda estimates the enterprise value of SOFA SUCCESS LTD at £269.2k based on an EBITDA of £82.1k and a 3.28x industry multiple (adjusted for size and gross margin).
sofa success ltd Estimated Valuation
Pomanda estimates the enterprise value of SOFA SUCCESS LTD at £0 based on Net Assets of £-553.9k and 1.84x industry multiple (adjusted for liquidity).
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Sofa Success Ltd Overview
Sofa Success Ltd is a live company located in cheltenham, GL52 6NZ with a Companies House number of 10162564. It operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery sector, SIC Code 46150. Founded in May 2016, it's largest shareholder is andrew smith with a 100% stake. Sofa Success Ltd is a young, small sized company, Pomanda has estimated its turnover at £2.4m with high growth in recent years.
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Sofa Success Ltd Health Check
Pomanda's financial health check has awarded Sofa Success Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£3m)
- Sofa Success Ltd
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.5%)
- Sofa Success Ltd
7.5% - Industry AVG
Production
with a gross margin of 30.2%, this company has a comparable cost of product (30.2%)
- Sofa Success Ltd
30.2% - Industry AVG
Profitability
an operating margin of 3.4% make it less profitable than the average company (8%)
- Sofa Success Ltd
8% - Industry AVG
Employees
with 6 employees, this is below the industry average (24)
6 - Sofa Success Ltd
24 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Sofa Success Ltd
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £393.7k, this is more efficient (£308.5k)
- Sofa Success Ltd
£308.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Sofa Success Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 129 days, this is slower than average (38 days)
- Sofa Success Ltd
38 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is less than average (73 days)
- Sofa Success Ltd
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is less cash available to meet short term requirements (44 weeks)
28 weeks - Sofa Success Ltd
44 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 184.8%, this is a higher level of debt than the average (53.3%)
184.8% - Sofa Success Ltd
53.3% - Industry AVG
SOFA SUCCESS LTD financials
Sofa Success Ltd's latest turnover from May 2023 is estimated at £2.4 million and the company has net assets of -£553.9 thousand. According to their latest financial statements, Sofa Success Ltd has 6 employees and maintains cash reserves of £363.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 6 | 6 | 6 | 6 | 6 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 60,865 | 27,253 | 29,798 | 7,049 | 4,261 | 5,565 | 4,788 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 60,865 | 27,253 | 29,798 | 7,049 | 4,261 | 5,565 | 4,788 |
| Stock & work in progress | 197,500 | 114,500 | 100,290 | 119,439 | 90,625 | 39,500 | 0 |
| Trade Debtors | 0 | 28,549 | 0 | 5,243 | 33,443 | 7,495 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 30,792 | 3,983 | 0 | 7,500 | 0 | 33,443 | 60,000 |
| Cash | 363,696 | 462,735 | 97,857 | 15,215 | 11,564 | 5,558 | 11,424 |
| misc current assets | 0 | 0 | 0 | 8,974 | 9,399 | 11,274 | 0 |
| total current assets | 591,988 | 609,767 | 198,147 | 156,371 | 145,031 | 97,270 | 71,424 |
| total assets | 652,853 | 637,020 | 227,945 | 163,420 | 149,292 | 102,835 | 76,212 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 585,346 | 636,770 | 587,348 | 587,560 | 505,285 | 245,010 | 114,801 |
| Group/Directors Accounts | 4,686 | 31,179 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 66,694 | 46,523 | 45,229 | 2,000 | 2,000 | 225,000 | 41,311 |
| total current liabilities | 656,726 | 714,472 | 632,577 | 589,560 | 507,285 | 470,010 | 156,112 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 550,000 | 550,000 | 550,000 | 550,000 | 375,250 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 550,000 | 550,000 | 550,000 | 550,000 | 375,250 | 0 | 0 |
| total liabilities | 1,206,726 | 1,264,472 | 1,182,577 | 1,139,560 | 882,535 | 470,010 | 156,112 |
| net assets | -553,873 | -627,452 | -954,632 | -976,140 | -733,243 | -367,175 | -79,900 |
| total shareholders funds | -553,873 | -627,452 | -954,632 | -976,140 | -733,243 | -367,175 | -79,900 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 2,545 | 2,545 | 2,328 | 2,328 | 1,304 | 958 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 83,000 | 14,210 | -19,149 | 28,814 | 51,125 | 39,500 | 0 |
| Debtors | -1,740 | 32,532 | -12,743 | -20,700 | -7,495 | -19,062 | 60,000 |
| Creditors | -51,424 | 49,422 | -212 | 82,275 | 260,275 | 130,209 | 114,801 |
| Accruals and Deferred Income | 20,171 | 1,294 | 43,229 | 0 | -223,000 | 183,689 | 41,311 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -26,493 | 31,179 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 174,750 | 375,250 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -99,039 | 364,878 | 82,642 | 3,651 | 6,006 | -5,866 | 11,424 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -99,039 | 364,878 | 82,642 | 3,651 | 6,006 | -5,866 | 11,424 |
sofa success ltd Credit Report and Business Information
Sofa Success Ltd Competitor Analysis
Perform a competitor analysis for sofa success ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in GL52 area or any other competitors across 12 key performance metrics.
sofa success ltd Ownership
SOFA SUCCESS LTD group structure
Sofa Success Ltd has no subsidiary companies.
Ultimate parent company
SOFA SUCCESS LTD
10162564
sofa success ltd directors
Sofa Success Ltd currently has 1 director, Mr Andrew Smith serving since May 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Smith | United Kingdom | 57 years | May 2016 | - | Director |
P&L
May 2023turnover
2.4m
+90%
operating profit
79.5k
0%
gross margin
30.2%
+4.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-553.9k
-0.12%
total assets
652.9k
+0.02%
cash
363.7k
-0.21%
net assets
Total assets minus all liabilities
Similar Companies
sofa success ltd company details
company number
10162564
Type
Private limited with Share Capital
industry
46150 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
incorporation date
May 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
sofas success ltd (May 2016)
accountant
-
auditor
-
address
oakley house oakley road, battledown, cheltenham, gloucestershire, GL52 6NZ
Bank
-
Legal Advisor
-
sofa success 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 did not find charges/mortgages relating to sofa success ltd.
sofa success ltd Companies House Filings - See Documents
| date | description | view/download |
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