parasol retail limited
parasol retail limited Company Information
Company Number
10786107
Website
www.parasolstore.co.ukRegistered Address
13 old bank street, manchester, M2 7PE
Industry
Retail sale of clothing in specialised stores
Telephone
441606359100
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
carole lydon 99.8%
445hasarrived limited 0.1%
View Allparasol retail limited Estimated Valuation
Pomanda estimates the enterprise value of PARASOL RETAIL LIMITED at £361.7k based on a Turnover of £903.6k and 0.4x industry multiple (adjusted for size and gross margin).
parasol retail limited Estimated Valuation
Pomanda estimates the enterprise value of PARASOL RETAIL LIMITED at £93.1k based on an EBITDA of £25.6k and a 3.64x industry multiple (adjusted for size and gross margin).
parasol retail limited Estimated Valuation
Pomanda estimates the enterprise value of PARASOL RETAIL LIMITED at £730.5k based on Net Assets of £248.2k and 2.94x industry multiple (adjusted for liquidity).
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Parasol Retail Limited Overview
Parasol Retail Limited is a live company located in manchester, M2 7PE with a Companies House number of 10786107. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in May 2017, it's largest shareholder is carole lydon with a 99.8% stake. Parasol Retail Limited is a young, small sized company, Pomanda has estimated its turnover at £903.6k with rapid growth in recent years.
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Parasol Retail Limited Health Check
Pomanda's financial health check has awarded Parasol Retail Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £903.6k, make it smaller than the average company (£7.9m)
- Parasol Retail Limited
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (3.2%)
- Parasol Retail Limited
3.2% - Industry AVG
Production
with a gross margin of 50.9%, this company has a comparable cost of product (50.9%)
- Parasol Retail Limited
50.9% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (4.6%)
- Parasol Retail Limited
4.6% - Industry AVG
Employees
with 9 employees, this is below the industry average (57)
9 - Parasol Retail Limited
57 - Industry AVG
Pay Structure
on an average salary of £25.2k, the company has an equivalent pay structure (£25.2k)
- Parasol Retail Limited
£25.2k - Industry AVG
Efficiency
resulting in sales per employee of £100.4k, this is less efficient (£134.8k)
- Parasol Retail Limited
£134.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Parasol Retail Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (41 days)
- Parasol Retail Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 373 days, this is more than average (134 days)
- Parasol Retail Limited
134 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (13 weeks)
7 weeks - Parasol Retail Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.1%, this is a lower level of debt than the average (75.6%)
58.1% - Parasol Retail Limited
75.6% - Industry AVG
PARASOL RETAIL LIMITED financials
Parasol Retail Limited's latest turnover from February 2023 is estimated at £903.6 thousand and the company has net assets of £248.2 thousand. According to their latest financial statements, Parasol Retail Limited has 9 employees and maintains cash reserves of £48.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | May 2020 | May 2019 | May 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 | 9 | 8 | 5 | 4 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 28,092 | 33,873 | 44,389 | 25,757 | 37,148 | 58,695 |
| Intangible Assets | 6,519 | 8,019 | 9,519 | 10,644 | 12,144 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 34,611 | 41,892 | 53,908 | 36,401 | 49,292 | 58,695 |
| Stock & work in progress | 453,587 | 296,456 | 169,034 | 88,227 | 73,831 | 0 |
| Trade Debtors | 0 | 7,366 | 1,345 | 184 | 0 | 77,840 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 56,282 | 120,845 | 100,249 | 39,797 | 6,790 | 0 |
| Cash | 48,547 | 99,065 | 80,042 | 64,014 | 15,453 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 1,750 |
| total current assets | 558,416 | 523,732 | 350,670 | 192,222 | 96,074 | 79,590 |
| total assets | 593,027 | 565,624 | 404,578 | 228,623 | 145,366 | 138,285 |
| Bank overdraft | 0 | 0 | 0 | 833 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 8,333 | 0 | 0 | 0 |
| Trade Creditors | 152,446 | 122,730 | 80,703 | 49,280 | 57,984 | 41,038 |
| 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 | 159,869 | 158,468 | 60,227 | 31,511 | 7,308 | 0 |
| total current liabilities | 322,315 | 291,198 | 149,263 | 81,624 | 65,292 | 41,038 |
| loans | 22,500 | 32,500 | 41,667 | 49,167 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 200 |
| other liabilities | 0 | 938 | 0 | 794 | 2,794 | 7,694 |
| provisions | 0 | 0 | 0 | 662 | 0 | 0 |
| total long term liabilities | 22,500 | 33,438 | 41,667 | 50,623 | 2,794 | 7,894 |
| total liabilities | 344,815 | 324,636 | 190,930 | 132,247 | 68,086 | 48,932 |
| net assets | 248,212 | 240,988 | 213,648 | 96,376 | 77,280 | 89,353 |
| total shareholders funds | 248,212 | 240,988 | 213,648 | 96,376 | 77,280 | 89,353 |
| Feb 2023 | Feb 2022 | Feb 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 14,346 | 19,546 | 12,115 | 11,858 | ||
| Amortisation | 1,500 | 1,500 | 1,128 | 1,500 | ||
| Tax | ||||||
| Stock | 157,131 | 127,422 | 80,807 | 14,396 | 73,831 | 0 |
| Debtors | -71,929 | 26,617 | 61,613 | 33,191 | -71,050 | 77,840 |
| Creditors | 29,716 | 42,027 | 31,423 | -8,704 | 16,946 | 41,038 |
| Accruals and Deferred Income | 1,401 | 98,241 | 28,716 | 24,203 | 7,108 | 200 |
| Deferred Taxes & Provisions | 0 | 0 | -662 | 662 | 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 | 1,667 | 8,333 | 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 | -10,000 | -9,167 | -7,500 | 49,167 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -938 | 938 | -794 | -2,000 | -4,900 | 7,694 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -50,518 | 19,023 | 16,028 | 48,561 | 15,453 | 0 |
| overdraft | 0 | 0 | -833 | 833 | 0 | 0 |
| change in cash | -50,518 | 19,023 | 16,861 | 47,728 | 15,453 | 0 |
parasol retail limited Credit Report and Business Information
Parasol Retail Limited Competitor Analysis
Perform a competitor analysis for parasol retail limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M 2 area or any other competitors across 12 key performance metrics.
parasol retail limited Ownership
PARASOL RETAIL LIMITED group structure
Parasol Retail Limited has no subsidiary companies.
Ultimate parent company
PARASOL RETAIL LIMITED
10786107
parasol retail limited directors
Parasol Retail Limited currently has 3 directors. The longest serving directors include Mr Robert Frost (Jul 2020) and Mr Timothy Gardiner (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Frost | England | 54 years | Jul 2020 | - | Director |
| Mr Timothy Gardiner | England | 57 years | Jul 2020 | - | Director |
| Mr Adam Frost | England | 29 years | May 2023 | - | Director |
P&L
February 2023turnover
903.6k
+63%
operating profit
9.7k
0%
gross margin
51%
+7.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
248.2k
+0.03%
total assets
593k
+0.05%
cash
48.5k
-0.51%
net assets
Total assets minus all liabilities
Similar Companies
parasol retail limited company details
company number
10786107
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
May 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
13 old bank street, manchester, M2 7PE
last accounts submitted
February 2023
parasol retail 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 found 1 charges/mortgages relating to parasol retail limited. Currently there are 1 open charges and 0 have been satisfied in the past.
parasol retail limited Companies House Filings - See Documents
| date | description | view/download |
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