vapepit uk ltd
vapepit uk ltd Company Information
Company Number
10271639
Next Accounts
326 days late
Industry
Other personal service activities n.e.c.
Shareholders
penelope pitt
Group Structure
View All
Contact
Registered Address
1066 london road, leigh-on-sea, essex, SS9 3NA
Website
vapepit.co.ukvapepit uk ltd Estimated Valuation
Pomanda estimates the enterprise value of VAPEPIT UK LTD at £996.5k based on a Turnover of £1.5m and 0.66x industry multiple (adjusted for size and gross margin).
vapepit uk ltd Estimated Valuation
Pomanda estimates the enterprise value of VAPEPIT UK LTD at £631.8k based on an EBITDA of £147.5k and a 4.28x industry multiple (adjusted for size and gross margin).
vapepit uk ltd Estimated Valuation
Pomanda estimates the enterprise value of VAPEPIT UK LTD at £618.5k based on Net Assets of £297.5k and 2.08x industry multiple (adjusted for liquidity).
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Vapepit Uk Ltd Overview
Vapepit Uk Ltd is a live company located in essex, SS9 3NA with a Companies House number of 10271639. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in July 2016, it's largest shareholder is penelope pitt with a 100% stake. Vapepit Uk Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Vapepit Uk Ltd Health Check
Pomanda's financial health check has awarded Vapepit Uk Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.5m, make it larger than the average company (£753.8k)
- Vapepit Uk Ltd
£753.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (3.6%)
- Vapepit Uk Ltd
3.6% - Industry AVG
Production
with a gross margin of 40.1%, this company has a comparable cost of product (40.1%)
- Vapepit Uk Ltd
40.1% - Industry AVG
Profitability
an operating margin of 8.7% make it more profitable than the average company (7.2%)
- Vapepit Uk Ltd
7.2% - Industry AVG
Employees
with 27 employees, this is above the industry average (14)
27 - Vapepit Uk Ltd
14 - Industry AVG
Pay Structure
on an average salary of £26.5k, the company has an equivalent pay structure (£26.5k)
- Vapepit Uk Ltd
£26.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.2k, this is equally as efficient (£65.8k)
- Vapepit Uk Ltd
£65.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Vapepit Uk Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (41 days)
- Vapepit Uk Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 340 days, this is more than average (37 days)
- Vapepit Uk Ltd
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (69 weeks)
6 weeks - Vapepit Uk Ltd
69 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.6%, this is a higher level of debt than the average (38.4%)
68.6% - Vapepit Uk Ltd
38.4% - Industry AVG
VAPEPIT UK LTD financials
Vapepit Uk Ltd's latest turnover from March 2022 is estimated at £1.5 million and the company has net assets of £297.5 thousand. According to their latest financial statements, Vapepit Uk Ltd has 27 employees and maintains cash reserves of £18.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jul 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 | 27 | 21 | 30 | 7 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 77,090 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 77,090 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 850,000 | 410,000 | 746,000 | 0 | 0 | 140,000 |
| Trade Debtors | 0 | 0 | 0 | 276,339 | 228,665 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,056 | 342,000 | 206,170 | 0 | 0 | 0 |
| Cash | 18,091 | 76,089 | 11,844 | 0 | 0 | 2,033 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 871,147 | 828,089 | 964,014 | 276,339 | 228,665 | 142,033 |
| total assets | 948,237 | 828,089 | 964,014 | 276,339 | 228,665 | 142,033 |
| Bank overdraft | 42,500 | 50,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1 | 0 | 0 | 0 | 118,658 | 0 |
| Group/Directors Accounts | 76,951 | 7,352 | 0 | 0 | 0 | 86,375 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 23,230 | 23,602 | 30,199 | 0 | 0 | 48,553 |
| total current liabilities | 142,682 | 80,954 | 30,199 | 0 | 118,658 | 134,928 |
| loans | 250,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 82,497 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 175,551 | 547,551 | 547,551 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 508,048 | 547,551 | 547,551 | 0 | 0 | 0 |
| total liabilities | 650,730 | 628,505 | 577,750 | 0 | 118,658 | 134,928 |
| net assets | 297,507 | 199,584 | 386,264 | 276,339 | 110,007 | 7,105 |
| total shareholders funds | 297,507 | 199,584 | 386,264 | 276,339 | 110,007 | 7,105 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jul 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 15,418 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 440,000 | -336,000 | 746,000 | 0 | -140,000 | 140,000 |
| Debtors | -338,944 | 135,830 | -70,169 | 47,674 | 228,665 | 0 |
| Creditors | 1 | 0 | 0 | -118,658 | 118,658 | 0 |
| Accruals and Deferred Income | -372 | -6,597 | 30,199 | 0 | -48,553 | 48,553 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 69,599 | 7,352 | 0 | 0 | -86,375 | 86,375 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 250,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 82,497 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -372,000 | 0 | 547,551 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -57,998 | 64,245 | 11,844 | 0 | -2,033 | 2,033 |
| overdraft | -7,500 | 50,000 | 0 | 0 | 0 | 0 |
| change in cash | -50,498 | 14,245 | 11,844 | 0 | -2,033 | 2,033 |
vapepit uk ltd Credit Report and Business Information
Vapepit Uk Ltd Competitor Analysis
Perform a competitor analysis for vapepit uk ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SS9 area or any other competitors across 12 key performance metrics.
vapepit uk ltd Ownership
VAPEPIT UK LTD group structure
Vapepit Uk Ltd has no subsidiary companies.
Ultimate parent company
VAPEPIT UK LTD
10271639
vapepit uk ltd directors
Vapepit Uk Ltd currently has 2 directors. The longest serving directors include Mrs Penelope Pitt (Jul 2016) and Mrs Penelope Pitt (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Penelope Pitt | England | 56 years | Jul 2016 | - | Director |
| Mrs Penelope Pitt | United Kingdom | 56 years | Jul 2016 | - | Director |
P&L
March 2022turnover
1.5m
0%
operating profit
132.1k
0%
gross margin
40.1%
+3.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
297.5k
+0.49%
total assets
948.2k
+0.15%
cash
18.1k
-0.76%
net assets
Total assets minus all liabilities
vapepit uk ltd company details
company number
10271639
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
July 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
N/A
accountant
PRESTONS
auditor
-
address
1066 london road, leigh-on-sea, essex, SS9 3NA
Bank
-
Legal Advisor
-
vapepit uk 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 vapepit uk ltd.
vapepit uk ltd Companies House Filings - See Documents
| date | description | view/download |
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