friends asian supermarket ltd
friends asian supermarket ltd Company Information
Company Number
10683603
Website
www.asianstoreuk.co.ukRegistered Address
8 cecil road, worcester, WR5 1AX
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Other business support service activities n.e.c.
Telephone
02074600833
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
dennis mathew 50%
davis mathew 50%
friends asian supermarket ltd Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS ASIAN SUPERMARKET LTD at £10.8k based on a Turnover of £33.9k and 0.32x industry multiple (adjusted for size and gross margin).
friends asian supermarket ltd Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS ASIAN SUPERMARKET LTD at £25.6k based on an EBITDA of £8.9k and a 2.88x industry multiple (adjusted for size and gross margin).
friends asian supermarket ltd Estimated Valuation
Pomanda estimates the enterprise value of FRIENDS ASIAN SUPERMARKET LTD at £16.4k based on Net Assets of £6.3k and 2.61x industry multiple (adjusted for liquidity).
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Friends Asian Supermarket Ltd Overview
Friends Asian Supermarket Ltd is a live company located in worcester, WR5 1AX with a Companies House number of 10683603. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in March 2017, it's largest shareholder is dennis mathew with a 50% stake. Friends Asian Supermarket Ltd is a young, micro sized company, Pomanda has estimated its turnover at £33.9k with healthy growth in recent years.
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Friends Asian Supermarket Ltd Health Check
Pomanda's financial health check has awarded Friends Asian Supermarket 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
1 Regular
5 Weak
Size
annual sales of £33.9k, make it smaller than the average company (£2m)
- Friends Asian Supermarket Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.7%)
- Friends Asian Supermarket Ltd
4.7% - Industry AVG
Production
with a gross margin of 16%, this company has a higher cost of product (30.3%)
- Friends Asian Supermarket Ltd
30.3% - Industry AVG
Profitability
an operating margin of 26.2% make it more profitable than the average company (4.7%)
- Friends Asian Supermarket Ltd
4.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (17)
- Friends Asian Supermarket Ltd
17 - Industry AVG
Pay Structure
on an average salary of £29.2k, the company has an equivalent pay structure (£29.2k)
- Friends Asian Supermarket Ltd
£29.2k - Industry AVG
Efficiency
resulting in sales per employee of £33.9k, this is less efficient (£124.6k)
- Friends Asian Supermarket Ltd
£124.6k - Industry AVG
Debtor Days
it gets paid by customers after 113 days, this is later than average (23 days)
- Friends Asian Supermarket Ltd
23 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (29 days)
- Friends Asian Supermarket Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Friends Asian Supermarket Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Friends Asian Supermarket Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.7%, this is a lower level of debt than the average (64.3%)
40.7% - Friends Asian Supermarket Ltd
64.3% - Industry AVG
FRIENDS ASIAN SUPERMARKET LTD financials
Friends Asian Supermarket Ltd's latest turnover from March 2023 is estimated at £33.9 thousand and the company has net assets of £6.3 thousand. According to their latest financial statements, we estimate that Friends Asian Supermarket Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,595 | 1,919 | 670 | 1,550 | 4,984 | 7,010 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,595 | 1,919 | 670 | 1,550 | 4,984 | 7,010 |
| total assets | 10,595 | 1,919 | 670 | 1,550 | 4,984 | 7,010 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,307 | 2,832 | 1,259 | 1,653 | 5,612 | 7,182 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,307 | 2,832 | 1,259 | 1,653 | 5,612 | 7,182 |
| 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 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,307 | 2,832 | 1,259 | 1,653 | 5,612 | 7,182 |
| net assets | 6,288 | -913 | -589 | -103 | -628 | -172 |
| total shareholders funds | 6,288 | -913 | -589 | -103 | -628 | -172 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 8,676 | 1,249 | -880 | -3,434 | -2,026 | 7,010 |
| Creditors | 1,475 | 1,573 | -394 | -3,959 | -1,570 | 7,182 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
friends asian supermarket ltd Credit Report and Business Information
Friends Asian Supermarket Ltd Competitor Analysis
Perform a competitor analysis for friends asian supermarket ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in WR5 area or any other competitors across 12 key performance metrics.
friends asian supermarket ltd Ownership
FRIENDS ASIAN SUPERMARKET LTD group structure
Friends Asian Supermarket Ltd has no subsidiary companies.
Ultimate parent company
FRIENDS ASIAN SUPERMARKET LTD
10683603
friends asian supermarket ltd directors
Friends Asian Supermarket Ltd currently has 2 directors. The longest serving directors include Mr Dennis Mathew (Mar 2017) and Mr Davis Mathew (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dennis Mathew | United Kingdom | 50 years | Mar 2017 | - | Director |
| Mr Davis Mathew | United Kingdom | 54 years | Mar 2017 | - | Director |
P&L
March 2023turnover
33.9k
+202%
operating profit
8.9k
0%
gross margin
16.1%
+0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.3k
-7.89%
total assets
10.6k
+4.52%
cash
0
0%
net assets
Total assets minus all liabilities
friends asian supermarket ltd company details
company number
10683603
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
82990 - Other business support service activities n.e.c.
incorporation date
March 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
8 cecil road, worcester, WR5 1AX
accountant
-
auditor
-
friends asian supermarket 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 friends asian supermarket ltd.
friends asian supermarket ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
