pay smart carpets limited
pay smart carpets limited Company Information
Company Number
10991413
Next Accounts
Jul 2025
Shareholders
denis paul sudlow
andrew john hoare
Group Structure
View All
Industry
Other retail sale not in stores, stalls or markets
Registered Address
unit 3, building 2,, the colony wilmslow, wilmslow, cheshire, SK9 4LY
Website
paysmartcarpets.compay smart carpets limited Estimated Valuation
Pomanda estimates the enterprise value of PAY SMART CARPETS LIMITED at £2.5m based on a Turnover of £6.3m and 0.4x industry multiple (adjusted for size and gross margin).
pay smart carpets limited Estimated Valuation
Pomanda estimates the enterprise value of PAY SMART CARPETS LIMITED at £0 based on an EBITDA of £-127.6k and a 4.43x industry multiple (adjusted for size and gross margin).
pay smart carpets limited Estimated Valuation
Pomanda estimates the enterprise value of PAY SMART CARPETS LIMITED at £957.2k based on Net Assets of £326.2k and 2.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Pay Smart Carpets Limited Overview
Pay Smart Carpets Limited is a live company located in wilmslow, SK9 4LY with a Companies House number of 10991413. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in October 2017, it's largest shareholder is denis paul sudlow with a 50% stake. Pay Smart Carpets Limited is a young, mid sized company, Pomanda has estimated its turnover at £6.3m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Pay Smart Carpets Limited Health Check
Pomanda's financial health check has awarded Pay Smart Carpets Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £6.3m, make it larger than the average company (£1.2m)
- Pay Smart Carpets Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.2%)
- Pay Smart Carpets Limited
8.2% - Industry AVG
Production
with a gross margin of 32%, this company has a comparable cost of product (32%)
- Pay Smart Carpets Limited
32% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (4.6%)
- Pay Smart Carpets Limited
4.6% - Industry AVG
Employees
with 18 employees, this is above the industry average (10)
18 - Pay Smart Carpets Limited
10 - Industry AVG
Pay Structure
on an average salary of £35.8k, the company has an equivalent pay structure (£35.8k)
- Pay Smart Carpets Limited
£35.8k - Industry AVG
Efficiency
resulting in sales per employee of £352.2k, this is more efficient (£205k)
- Pay Smart Carpets Limited
£205k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (33 days)
- Pay Smart Carpets Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (39 days)
- Pay Smart Carpets Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (75 days)
- Pay Smart Carpets Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (23 weeks)
7 weeks - Pay Smart Carpets Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.2%, this is a higher level of debt than the average (62.4%)
83.2% - Pay Smart Carpets Limited
62.4% - Industry AVG
PAY SMART CARPETS LIMITED financials
Pay Smart Carpets Limited's latest turnover from October 2023 is estimated at £6.3 million and the company has net assets of £326.2 thousand. According to their latest financial statements, Pay Smart Carpets Limited has 18 employees and maintains cash reserves of £208.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 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 | 18 | 20 | 23 | 19 | 11 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 27,258 | 33,985 | 50,143 | 54,730 | 65,129 | 56,653 |
| Intangible Assets | 28,791 | 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 | 56,049 | 33,985 | 50,143 | 54,730 | 65,129 | 56,653 |
| Stock & work in progress | 75,839 | 65,500 | 5,000 | 5,000 | 4,500 | 2,575 |
| Trade Debtors | 1,421,202 | 1,429,229 | 1,282,743 | 881,565 | 1,053,815 | 554,623 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 183,257 | 147,324 | 34,914 | 35,071 | 31,227 | 6,082 |
| Cash | 208,525 | 56,462 | 58,952 | 191,504 | 18,094 | 44,045 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,888,823 | 1,698,515 | 1,381,609 | 1,113,140 | 1,107,636 | 607,325 |
| total assets | 1,944,872 | 1,732,500 | 1,431,752 | 1,167,870 | 1,172,765 | 663,978 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 32,000 | 32,000 | 4,160 | 50,994 | 52,873 | 44,492 |
| Trade Creditors | 276,092 | 236,198 | 101,112 | 19,345 | 26,022 | 15,035 |
| 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 | 1,227,867 | 873,562 | 417,886 | 291,104 | 254,711 | 243,264 |
| total current liabilities | 1,535,959 | 1,141,760 | 523,158 | 361,443 | 333,606 | 302,791 |
| loans | 82,667 | 114,667 | 160,000 | 54,225 | 56,487 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 174 | 14,716 | 26,695 | 38,875 | 49,718 |
| provisions | 0 | 0 | 9,900 | 7,986 | 8,477 | 6,674 |
| total long term liabilities | 82,667 | 114,841 | 184,616 | 88,906 | 103,839 | 56,392 |
| total liabilities | 1,618,626 | 1,256,601 | 707,774 | 450,349 | 437,445 | 359,183 |
| net assets | 326,246 | 475,899 | 723,978 | 717,521 | 735,320 | 304,795 |
| total shareholders funds | 326,246 | 475,899 | 723,978 | 717,521 | 735,320 | 304,795 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 11,066 | 15,633 | 25,905 | 21,191 | 18,524 | 7,987 |
| Amortisation | 3,199 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 10,339 | 60,500 | 0 | 500 | 1,925 | 2,575 |
| Debtors | 27,906 | 258,896 | 401,021 | -168,406 | 524,337 | 560,705 |
| Creditors | 39,894 | 135,086 | 81,767 | -6,677 | 10,987 | 15,035 |
| Accruals and Deferred Income | 354,305 | 455,676 | 126,782 | 36,393 | 11,447 | 243,264 |
| Deferred Taxes & Provisions | 0 | -9,900 | 1,914 | -491 | 1,803 | 6,674 |
| 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 | 27,840 | -46,834 | -1,879 | 8,381 | 44,492 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -32,000 | -45,333 | 105,775 | -2,262 | 56,487 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -174 | -14,542 | -11,979 | -12,180 | -10,843 | 49,718 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 152,063 | -2,490 | -132,552 | 173,410 | -25,951 | 44,045 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 152,063 | -2,490 | -132,552 | 173,410 | -25,951 | 44,045 |
pay smart carpets limited Credit Report and Business Information
Pay Smart Carpets Limited Competitor Analysis
Perform a competitor analysis for pay smart carpets limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in SK9 area or any other competitors across 12 key performance metrics.
pay smart carpets limited Ownership
PAY SMART CARPETS LIMITED group structure
Pay Smart Carpets Limited has no subsidiary companies.
Ultimate parent company
PAY SMART CARPETS LIMITED
10991413
pay smart carpets limited directors
Pay Smart Carpets Limited currently has 2 directors. The longest serving directors include Mr Andrew Hoare (Oct 2017) and Mr Denis Sudlow (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Hoare | United Kingdom | 58 years | Oct 2017 | - | Director |
| Mr Denis Sudlow | United Kingdom | 53 years | Nov 2017 | - | Director |
P&L
October 2023turnover
6.3m
+7%
operating profit
-141.9k
0%
gross margin
32%
+1.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
326.2k
-0.31%
total assets
1.9m
+0.12%
cash
208.5k
+2.69%
net assets
Total assets minus all liabilities
pay smart carpets limited company details
company number
10991413
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
unit 3, building 2,, the colony wilmslow, wilmslow, cheshire, SK9 4LY
Bank
-
Legal Advisor
-
pay smart carpets 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 2 charges/mortgages relating to pay smart carpets limited. Currently there are 1 open charges and 1 have been satisfied in the past.
pay smart carpets limited 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 PAY SMART CARPETS LIMITED. This can take several minutes, an email will notify you when this has completed.
pay smart carpets limited Companies House Filings - See Documents
| date | description | view/download |
|---|
