Pomanda estimates the enterprise value of METHOD FURNITURE MAKERS LTD at £44.2k based on a Turnover of £177.3k and 0.25x industry multiple (adjusted for size and gross margin).
method furniture makers ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of METHOD FURNITURE MAKERS LTD at £0 based on an EBITDA of £-13.8k and a 2.57x industry multiple (adjusted for size and gross margin).
method furniture makers ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of METHOD FURNITURE MAKERS LTD at £0 based on Net Assets of £-49k and 1.84x industry multiple (adjusted for liquidity).
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Method Furniture Makers LtdOverview
Method Furniture Makers Ltd is a live company located in brighton, BN41 2RF with a Companies House number of 10616508. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in February 2017, it's largest shareholder is
joseph gaines
with a 100% stake. Method Furniture Makers Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£177.3k with
high
growth in recent years.
Pomanda's financial health check has awarded Method Furniture Makers Ltd a 1 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
Health Rating1out of 5
1 Strong
1 Regular
8 Weak
Size
annual sales of £177.3k, make it smaller than the average company (£16.6m)
£177.3k - Method Furniture Makers Ltd
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (3.6%)
27% - Method Furniture Makers Ltd
3.6% - Industry AVG
Production
with a gross margin of 17.3%, this company has a higher cost of product (23.7%)
17.3% - Method Furniture Makers Ltd
23.7% - Industry AVG
Profitability
an operating margin of -7.8% make it less profitable than the average company (4.7%)
-7.8% - Method Furniture Makers Ltd
4.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (85)
1 - Method Furniture Makers Ltd
85 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
£36.4k - Method Furniture Makers Ltd
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £177.3k, this is less efficient (£234k)
£177.3k - Method Furniture Makers Ltd
£234k - Industry AVG
Debtor Days
it gets paid by customers after 113 days, this is later than average (40 days)
113 days - Method Furniture Makers Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (42 days)
10 days - Method Furniture Makers Ltd
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Method Furniture Makers Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Method Furniture Makers Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 178.9%, this is a higher level of debt than the average (61.6%)
178.9% - Method Furniture Makers Ltd
61.6% - Industry AVG
METHOD FURNITURE MAKERS LTD financials
EXPORT
Method Furniture Makers Ltd's latest turnover from February 2023 is estimated at £177.3 thousand and the company has net assets of -£49 thousand. According to their latest financial statements, Method Furniture Makers Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Turnover
177,255
192,432
94,814
86,064
116,134
99,720
Other Income Or Grants
Cost Of Sales
146,636
160,718
79,897
71,051
96,010
81,433
Gross Profit
30,619
31,714
14,917
15,013
20,124
18,287
Admin Expenses
44,423
45,507
46,595
17,792
12,107
10,129
Operating Profit
-13,804
-13,793
-31,678
-2,779
8,017
8,158
Interest Payable
Interest Receivable
Pre-Tax Profit
-13,804
-13,793
-31,678
-2,779
8,017
8,158
Tax
-1,523
-1,550
Profit After Tax
-13,804
-13,793
-31,678
-2,779
6,494
6,608
Dividends Paid
Retained Profit
-13,804
-13,793
-31,678
-2,779
6,494
6,608
Employee Costs
36,362
34,759
65,697
67,515
65,337
62,935
Number Of Employees
1
1
2
2
2
2
EBITDA*
-13,804
-13,793
-31,678
-2,779
8,017
8,158
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Tangible Assets
7,045
10,000
13,915
15,000
17,906
9,911
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
7,045
10,000
13,915
15,000
17,906
9,911
Stock & work in progress
Trade Debtors
55,000
51,996
4,773
1,095
9,836
6,342
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
55,000
51,996
4,773
1,095
9,836
6,342
total assets
62,045
61,996
18,688
16,095
27,742
16,253
Bank overdraft
Bank loan
Trade Creditors
4,045
24,651
11,463
4,972
13,840
8,845
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
4,045
24,651
11,463
4,972
13,840
8,845
loans
hp & lease commitments
Accruals and Deferred Income
800
800
800
other liabilities
106,952
72,493
28,580
provisions
total long term liabilities
106,952
72,493
28,580
800
800
800
total liabilities
110,997
97,144
40,043
5,772
14,640
9,645
net assets
-48,952
-35,148
-21,355
10,323
13,102
6,608
total shareholders funds
-48,952
-35,148
-21,355
10,323
13,102
6,608
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Operating Activities
Operating Profit
-13,804
-13,793
-31,678
-2,779
8,017
8,158
Depreciation
Amortisation
Tax
-1,523
-1,550
Stock
Debtors
3,004
47,223
3,678
-8,741
3,494
6,342
Creditors
-20,606
13,188
6,491
-8,868
4,995
8,845
Accruals and Deferred Income
-800
800
Deferred Taxes & Provisions
Cash flow from operations
-37,414
-47,828
-29,665
-2,906
7,995
9,911
Investing Activities
capital expenditure
2,955
3,915
1,085
2,906
-7,995
-9,911
Change in Investments
cash flow from investments
2,955
3,915
1,085
2,906
-7,995
-9,911
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
34,459
43,913
28,580
share issue
interest
cash flow from financing
34,459
43,913
28,580
cash and cash equivalents
cash
overdraft
change in cash
method furniture makers ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for method furniture makers ltd. Get real-time insights into method furniture makers ltd's credit score, group structure and payment trends.
Perform a competitor analysis for method furniture makers ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in BN41 area or any other competitors across 12 key performance metrics.
method furniture makers ltd Ownership
METHOD FURNITURE MAKERS LTD group structure
Method Furniture Makers Ltd has no subsidiary companies.
Ultimate parent company
METHOD FURNITURE MAKERS LTD
10616508
METHOD FURNITURE MAKERS LTD Shareholders
The sole shareholder of Method Furniture Makers Ltd is Joseph Gaines.
joseph gaines
100%
method furniture makers ltd directors
Method Furniture Makers Ltd currently has 1 director, Mr Joseph Gaines serving since Feb 2017.
29320 - Manufacture of other parts and accessories for motor vehicles
45190 - Sale of other motor vehicles
31090 - Manufacture of other furniture
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
mile oak farm mile oak road, portslade, brighton, BN41 2RF
Bank
-
Legal Advisor
-
method furniture makers 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 method furniture makers ltd.
method furniture makers ltd 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 METHOD FURNITURE MAKERS LTD. This can take several minutes, an email will notify you when this has completed.
method furniture makers ltdCompanies House Filings - See Documents
