sequin art limited
sequin art limited Company Information
Company Number
10418497
Website
www.sequinart.comRegistered Address
castlegate house, 36 castle street, hertford, hertfordshire, SG14 1HH
Industry
Manufacture of games and toys (other than professional and arcade games and toys) n.e.c.
Telephone
01760726376
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kitfix swallow group limited 100%
sequin art limited Estimated Valuation
Pomanda estimates the enterprise value of SEQUIN ART LIMITED at £1.4m based on a Turnover of £3.3m and 0.43x industry multiple (adjusted for size and gross margin).
sequin art limited Estimated Valuation
Pomanda estimates the enterprise value of SEQUIN ART LIMITED at £0 based on an EBITDA of £-396.8k and a 3.27x industry multiple (adjusted for size and gross margin).
sequin art limited Estimated Valuation
Pomanda estimates the enterprise value of SEQUIN ART LIMITED at £0 based on Net Assets of £-670.6k and 1.68x industry multiple (adjusted for liquidity).
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Sequin Art Limited Overview
Sequin Art Limited is a live company located in hertford, SG14 1HH with a Companies House number of 10418497. It operates in the manufacture of other games and toys, n.e.c. sector, SIC Code 32409. Founded in October 2016, it's largest shareholder is kitfix swallow group limited with a 100% stake. Sequin Art Limited is a young, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.
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Sequin Art Limited Health Check
Pomanda's financial health check has awarded Sequin Art Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £3.3m, make it smaller than the average company (£16.3m)
- Sequin Art Limited
£16.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.3%)
- Sequin Art Limited
7.3% - Industry AVG
Production
with a gross margin of 33.6%, this company has a comparable cost of product (33.6%)
- Sequin Art Limited
33.6% - Industry AVG
Profitability
an operating margin of -12.6% make it less profitable than the average company (6.7%)
- Sequin Art Limited
6.7% - Industry AVG
Employees
with 21 employees, this is below the industry average (39)
21 - Sequin Art Limited
39 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- Sequin Art Limited
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £154.8k, this is less efficient (£409.8k)
- Sequin Art Limited
£409.8k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (64 days)
- Sequin Art Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (27 days)
- Sequin Art Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 99 days, this is in line with average (106 days)
- Sequin Art Limited
106 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (14 weeks)
7 weeks - Sequin Art Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 156.6%, this is a higher level of debt than the average (56.8%)
156.6% - Sequin Art Limited
56.8% - Industry AVG
SEQUIN ART LIMITED financials
Sequin Art Limited's latest turnover from December 2022 is estimated at £3.3 million and the company has net assets of -£670.6 thousand. According to their latest financial statements, Sequin Art Limited has 21 employees and maintains cash reserves of £272.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 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 | 21 | 22 | 27 | 28 | 22 | 24 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 36,165 | 48,375 | 60,559 | 51,451 | 67,405 | 66,687 |
| 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 | 36,165 | 48,375 | 60,559 | 51,451 | 67,405 | 66,687 |
| Stock & work in progress | 587,702 | 421,509 | 655,432 | 817,833 | 636,484 | 625,412 |
| Trade Debtors | 245,085 | 409,922 | 499,810 | 313,347 | 566,750 | 493,547 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 42,172 | 44,431 | 32,610 | 54,936 | 58,687 | 27,434 |
| Cash | 272,891 | 538,395 | 475,859 | 314,019 | 361,290 | 291,884 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,147,850 | 1,414,257 | 1,663,711 | 1,500,135 | 1,623,211 | 1,438,277 |
| total assets | 1,184,015 | 1,462,632 | 1,724,270 | 1,551,586 | 1,690,616 | 1,504,964 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 94,216 | 56,985 | 155,240 | 143,410 | 125,656 | 129,321 |
| Group/Directors Accounts | 1,374,985 | 1,279,456 | 1,178,945 | 1,167,861 | 1,067,861 | 997,602 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 385,376 | 401,160 | 414,686 | 294,711 | 276,452 | 205,841 |
| total current liabilities | 1,854,577 | 1,737,601 | 1,748,871 | 1,605,982 | 1,469,969 | 1,332,764 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 7,362 | 6,556 |
| total long term liabilities | 0 | 0 | 0 | 0 | 7,362 | 6,556 |
| total liabilities | 1,854,577 | 1,737,601 | 1,748,871 | 1,605,982 | 1,477,331 | 1,339,320 |
| net assets | -670,562 | -274,969 | -24,601 | -54,396 | 213,285 | 165,644 |
| total shareholders funds | -670,562 | -274,969 | -24,601 | -54,396 | 213,285 | 165,644 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 13,009 | 13,347 | 13,153 | 16,866 | 19,566 | 21,640 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 166,193 | -233,923 | -162,401 | 181,349 | 11,072 | 625,412 |
| Debtors | -167,096 | -78,067 | 164,137 | -257,154 | 104,456 | 520,981 |
| Creditors | 37,231 | -98,255 | 11,830 | 17,754 | -3,665 | 129,321 |
| Accruals and Deferred Income | -15,784 | -13,526 | 119,975 | 18,259 | 70,611 | 205,841 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -7,362 | 806 | 6,556 |
| 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 | 95,529 | 100,511 | 11,084 | 100,000 | 70,259 | 997,602 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -265,504 | 62,536 | 161,840 | -47,271 | 69,406 | 291,884 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -265,504 | 62,536 | 161,840 | -47,271 | 69,406 | 291,884 |
sequin art limited Credit Report and Business Information
Sequin Art Limited Competitor Analysis
Perform a competitor analysis for sequin art limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SG14 area or any other competitors across 12 key performance metrics.
sequin art limited Ownership
SEQUIN ART LIMITED group structure
Sequin Art Limited has no subsidiary companies.
sequin art limited directors
Sequin Art Limited currently has 4 directors. The longest serving directors include Mrs Patricia Marcus (Oct 2016) and Mr Jonathan Marcus (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Patricia Marcus | 81 years | Oct 2016 | - | Director | |
| Mr Jonathan Marcus | 42 years | Jan 2017 | - | Director | |
| Mr Edward Marcus | 46 years | Jan 2017 | - | Director | |
| Mr John Sutton | England | 63 years | Sep 2020 | - | Director |
P&L
December 2022turnover
3.3m
+11%
operating profit
-409.8k
0%
gross margin
33.7%
-11.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-670.6k
+1.44%
total assets
1.2m
-0.19%
cash
272.9k
-0.49%
net assets
Total assets minus all liabilities
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sequin art limited company details
company number
10418497
Type
Private limited with Share Capital
industry
32409 - Manufacture of games and toys (other than professional and arcade games and toys) n.e.c.
incorporation date
October 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
castlegate house, 36 castle street, hertford, hertfordshire, SG14 1HH
last accounts submitted
December 2022
sequin art 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 sequin art limited.
sequin art limited Companies House Filings - See Documents
| date | description | view/download |
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