eric & whensley ltd
eric & whensley ltd Company Information
Company Number
10761688
Website
-Registered Address
regency court 62-66 deansgate, manchester, M3 2EN
Industry
Retail sale via mail order houses or via Internet
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
amar gangani 69.2%
raj vithlani 26%
View Alleric & whensley ltd Estimated Valuation
Pomanda estimates the enterprise value of ERIC & WHENSLEY LTD at £125k based on a Turnover of £431.9k and 0.29x industry multiple (adjusted for size and gross margin).
eric & whensley ltd Estimated Valuation
Pomanda estimates the enterprise value of ERIC & WHENSLEY LTD at £0 based on an EBITDA of £-47.7k and a 4.16x industry multiple (adjusted for size and gross margin).
eric & whensley ltd Estimated Valuation
Pomanda estimates the enterprise value of ERIC & WHENSLEY LTD at £160.7k based on Net Assets of £270.5k and 0.59x industry multiple (adjusted for liquidity).
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Eric & Whensley Ltd Overview
Eric & Whensley Ltd is a live company located in manchester, M3 2EN with a Companies House number of 10761688. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in May 2017, it's largest shareholder is amar gangani with a 69.2% stake. Eric & Whensley Ltd is a young, micro sized company, Pomanda has estimated its turnover at £431.9k with rapid growth in recent years.
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Eric & Whensley Ltd Health Check
Pomanda's financial health check has awarded Eric & Whensley Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £431.9k, make it larger than the average company (£339.7k)
- Eric & Whensley Ltd
£339.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (6.1%)
- Eric & Whensley Ltd
6.1% - Industry AVG
Production
with a gross margin of 36.6%, this company has a comparable cost of product (36.6%)
- Eric & Whensley Ltd
36.6% - Industry AVG
Profitability
an operating margin of -11.6% make it less profitable than the average company (2.1%)
- Eric & Whensley Ltd
2.1% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Eric & Whensley Ltd
4 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has an equivalent pay structure (£26.7k)
- Eric & Whensley Ltd
£26.7k - Industry AVG
Efficiency
resulting in sales per employee of £108k, this is less efficient (£161.1k)
- Eric & Whensley Ltd
£161.1k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (24 days)
- Eric & Whensley Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (34 days)
- Eric & Whensley Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 327 days, this is more than average (85 days)
- Eric & Whensley Ltd
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 103 weeks, this is more cash available to meet short term requirements (18 weeks)
103 weeks - Eric & Whensley Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.1%, this is a lower level of debt than the average (75.1%)
65.1% - Eric & Whensley Ltd
75.1% - Industry AVG
ERIC & WHENSLEY LTD financials
Eric & Whensley Ltd's latest turnover from March 2023 is estimated at £431.9 thousand and the company has net assets of £270.5 thousand. According to their latest financial statements, Eric & Whensley Ltd has 4 employees and maintains cash reserves of £490.2 thousand 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 | 4 | 5 | 4 | 3 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 9,767 | 9,231 | 1,115 | 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 | 9,767 | 9,231 | 1,115 | 0 | 0 | 0 |
| Stock & work in progress | 245,913 | 220,276 | 86,947 | 65,573 | 83,516 | 22,742 |
| Trade Debtors | 13,658 | 26,484 | 31,199 | 8,423 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 16,454 | 16,792 | 52,897 | 1,813 | 0 | 0 |
| Cash | 490,236 | 583,055 | 640,800 | 334,887 | 188,837 | 109,440 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 766,261 | 846,607 | 811,843 | 410,696 | 272,353 | 132,182 |
| total assets | 776,028 | 855,838 | 812,958 | 410,696 | 272,353 | 132,182 |
| Bank overdraft | 34,550 | 33,800 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 59,751 | 19,417 | 22,966 | 9,520 | 42,404 | 3,402 |
| 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 | 151,492 | 201,825 | 248,552 | 85,471 | 40,872 | 2,123 |
| total current liabilities | 245,793 | 255,042 | 271,518 | 94,991 | 83,276 | 5,525 |
| loans | 22,910 | 118,288 | 152,100 | 0 | 250,000 | 140,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 235,000 | 175,000 | 200,000 | 230,000 | 0 | 0 |
| provisions | 1,856 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 259,766 | 293,288 | 352,100 | 230,000 | 250,000 | 140,000 |
| total liabilities | 505,559 | 548,330 | 623,618 | 324,991 | 333,276 | 145,525 |
| net assets | 270,469 | 307,508 | 189,340 | 85,705 | -60,923 | -13,343 |
| total shareholders funds | 270,469 | 307,508 | 189,340 | 85,705 | -60,923 | -13,343 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 2,409 | 826 | 168 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 25,637 | 133,329 | 21,374 | -17,943 | 60,774 | 22,742 |
| Debtors | -13,164 | -40,820 | 73,860 | 10,236 | 0 | 0 |
| Creditors | 40,334 | -3,549 | 13,446 | -32,884 | 39,002 | 3,402 |
| Accruals and Deferred Income | -50,333 | -46,727 | 163,081 | 44,599 | 38,749 | 2,123 |
| Deferred Taxes & Provisions | 1,856 | 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 | -95,378 | -33,812 | 152,100 | -250,000 | 110,000 | 140,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 60,000 | -25,000 | -30,000 | 230,000 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -92,819 | -57,745 | 305,913 | 146,050 | 79,397 | 109,440 |
| overdraft | 750 | 33,800 | 0 | 0 | 0 | 0 |
| change in cash | -93,569 | -91,545 | 305,913 | 146,050 | 79,397 | 109,440 |
eric & whensley ltd Credit Report and Business Information
Eric & Whensley Ltd Competitor Analysis
Perform a competitor analysis for eric & whensley 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 M 3 area or any other competitors across 12 key performance metrics.
eric & whensley ltd Ownership
ERIC & WHENSLEY LTD group structure
Eric & Whensley Ltd has no subsidiary companies.
Ultimate parent company
ERIC & WHENSLEY LTD
10761688
eric & whensley ltd directors
Eric & Whensley Ltd currently has 2 directors. The longest serving directors include Mr Raj Vithlani (May 2017) and Mr Amar Gangani (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Raj Vithlani | United Kingdom | 44 years | May 2017 | - | Director |
| Mr Amar Gangani | England | 42 years | May 2023 | - | Director |
P&L
March 2023turnover
431.9k
-8%
operating profit
-50.1k
0%
gross margin
36.7%
-2.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
270.5k
-0.12%
total assets
776k
-0.09%
cash
490.2k
-0.16%
net assets
Total assets minus all liabilities
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eric & whensley ltd company details
company number
10761688
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
May 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
regency court 62-66 deansgate, manchester, M3 2EN
accountant
IN ACCOUNTANCY LIMITED
auditor
-
eric & whensley 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 eric & whensley ltd.
eric & whensley ltd Companies House Filings - See Documents
| date | description | view/download |
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