valuelights holdings limited
valuelights holdings limited Company Information
Company Number
11048350
Next Accounts
4 days late
Shareholders
burning sky limited
danny barrasso
View AllGroup Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
the light hub 4 omega drive, irlam, manchester, M44 5GR
Website
apollodirect.co.ukvaluelights holdings limited Estimated Valuation
Pomanda estimates the enterprise value of VALUELIGHTS HOLDINGS LIMITED at £9.3m based on a Turnover of £17.6m and 0.53x industry multiple (adjusted for size and gross margin).
valuelights holdings limited Estimated Valuation
Pomanda estimates the enterprise value of VALUELIGHTS HOLDINGS LIMITED at £0 based on an EBITDA of £-2.3m and a 6.25x industry multiple (adjusted for size and gross margin).
valuelights holdings limited Estimated Valuation
Pomanda estimates the enterprise value of VALUELIGHTS HOLDINGS LIMITED at £7.4m based on Net Assets of £3.5m and 2.14x industry multiple (adjusted for liquidity).
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Valuelights Holdings Limited Overview
Valuelights Holdings Limited is a live company located in manchester, M44 5GR with a Companies House number of 11048350. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in November 2017, it's largest shareholder is burning sky limited with a 79.1% stake. Valuelights Holdings Limited is a young, mid sized company, Pomanda has estimated its turnover at £17.6m with declining growth in recent years.
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Valuelights Holdings Limited Health Check
Pomanda's financial health check has awarded Valuelights Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £17.6m, make it larger than the average company (£339.7k)
£17.6m - Valuelights Holdings Limited
£339.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (6.1%)
-21% - Valuelights Holdings Limited
6.1% - Industry AVG
Production
with a gross margin of 51.3%, this company has a lower cost of product (36.6%)
51.3% - Valuelights Holdings Limited
36.6% - Industry AVG
Profitability
an operating margin of -16.7% make it less profitable than the average company (2.2%)
-16.7% - Valuelights Holdings Limited
2.2% - Industry AVG
Employees
with 78 employees, this is above the industry average (4)
78 - Valuelights Holdings Limited
4 - Industry AVG
Pay Structure
on an average salary of £40.3k, the company has a higher pay structure (£27.4k)
£40.3k - Valuelights Holdings Limited
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £226.3k, this is more efficient (£165.1k)
£226.3k - Valuelights Holdings Limited
£165.1k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (20 days)
5 days - Valuelights Holdings Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (33 days)
46 days - Valuelights Holdings Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 166 days, this is more than average (87 days)
166 days - Valuelights Holdings Limited
87 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (17 weeks)
3 weeks - Valuelights Holdings Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.4%, this is a lower level of debt than the average (75.6%)
62.4% - Valuelights Holdings Limited
75.6% - Industry AVG
VALUELIGHTS HOLDINGS LIMITED financials
Valuelights Holdings Limited's latest turnover from June 2023 is £17.6 million and the company has net assets of £3.5 million. According to their latest financial statements, Valuelights Holdings Limited has 78 employees and maintains cash reserves of £372.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 17,648,186 | 40,348,870 | 35,597,256 | 28,101,806 | 27,770,193 | 25,057,192 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 8,592,109 | 17,611,488 | 14,234,699 | 12,512,822 | 11,884,934 | 13,244,869 |
| Gross Profit | 9,056,077 | 22,737,382 | 21,362,557 | 15,588,984 | 15,885,259 | 11,812,323 |
| Admin Expenses | 11,994,690 | 26,404,551 | 17,834,227 | 15,474,081 | 14,516,130 | 9,191,000 |
| Operating Profit | -2,938,613 | -3,667,169 | 3,528,330 | 114,903 | 1,369,129 | 2,621,323 |
| Interest Payable | 109,934 | 125,752 | 14,000 | 14,870 | 14,000 | 14,002 |
| Interest Receivable | 4,461 | 3,993 | 9,056 | 14,077 | 2,925 | |
| Pre-Tax Profit | -3,044,086 | -3,788,928 | 3,523,386 | 114,110 | 1,358,054 | 2,608,075 |
| Tax | 359,599 | -401,929 | 634,533 | -264,432 | -507,818 | |
| Profit After Tax | -3,044,086 | -3,429,329 | 3,121,457 | 748,643 | 1,093,622 | 2,100,257 |
| Dividends Paid | 500,000 | |||||
| Retained Profit | -3,044,086 | -3,429,329 | 2,621,457 | 748,643 | 1,093,622 | 2,100,257 |
| Employee Costs | 3,140,337 | 5,505,379 | 3,505,897 | 3,744,732 | 5,027,292 | 4,660,550 |
| Number Of Employees | 78 | 101 | 97 | 88 | 98 | 86 |
| EBITDA* | -2,275,115 | -3,121,988 | 3,608,298 | 388,498 | 1,733,337 | 2,823,799 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 3,489,409 | 3,956,237 | 80,119 | 133,596 | 213,280 | 292,619 |
| Intangible Assets | 173,891 | 312,564 | ||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 3,489,409 | 3,956,237 | 80,119 | 133,596 | 387,171 | 605,183 |
| Stock & work in progress | 3,924,337 | 7,283,222 | 6,574,472 | 7,719,729 | 5,297,757 | 4,841,165 |
| Trade Debtors | 284,218 | 516,775 | 1,287,285 | 742,809 | 1,113,079 | 1,141,686 |
| Group Debtors | ||||||
| Misc Debtors | 1,133,727 | 826,414 | 360,043 | 914,556 | 269,086 | |
| Cash | 372,398 | 611,195 | 8,027,265 | 3,535,022 | 4,928,018 | 4,025,067 |
| misc current assets | ||||||
| total current assets | 5,714,680 | 9,237,606 | 16,249,065 | 12,912,116 | 11,607,940 | 10,212,389 |
| total assets | 9,204,089 | 13,193,843 | 16,329,184 | 13,045,712 | 11,995,111 | 10,817,572 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 1,087,168 | 1,071,651 | 2,563,266 | 2,519,591 | 1,100,527 | 1,085,203 |
| Group/Directors Accounts | 1,240,638 | |||||
| other short term finances | 49,711 | 219,433 | 183,375 | 100,000 | 194,128 | |
| hp & lease commitments | 507,826 | 507,826 | ||||
| other current liabilities | 2,799,217 | 4,463,560 | 3,996,097 | 1,628,882 | 2,724,972 | |
| total current liabilities | 5,684,560 | 6,043,037 | 6,778,796 | 4,331,848 | 3,925,499 | 3,913,392 |
| loans | ||||||
| hp & lease commitments | 61,470 | 488,951 | ||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 21,016 | |||||
| total long term liabilities | 61,470 | 488,951 | 21,016 | 43,434 | ||
| total liabilities | 5,746,030 | 6,531,988 | 6,778,796 | 4,331,848 | 3,946,515 | 3,956,826 |
| net assets | 3,458,059 | 6,661,855 | 9,550,388 | 8,713,864 | 8,048,596 | 6,860,746 |
| total shareholders funds | 3,458,059 | 6,661,855 | 9,550,388 | 8,713,864 | 8,048,596 | 6,860,746 |
| Jun 2023 | Jun 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -2,938,613 | -3,667,169 | 3,528,330 | 114,903 | 1,369,129 | 2,621,323 |
| Depreciation | 663,498 | 545,181 | 79,968 | 99,704 | 206,545 | 202,476 |
| Amortisation | 173,891 | 157,663 | ||||
| Tax | 359,599 | -401,929 | 634,533 | -264,432 | -507,818 | |
| Stock | -3,358,885 | 7,283,222 | -1,145,257 | 2,421,972 | 456,592 | 4,841,165 |
| Debtors | 74,756 | 1,343,189 | -10,037 | 275,200 | 240,479 | 1,141,686 |
| Creditors | 15,517 | 1,071,651 | 43,675 | 1,419,064 | 15,324 | 1,085,203 |
| Accruals and Deferred Income | -1,664,343 | 4,463,560 | 2,367,215 | -1,096,090 | 2,724,972 | |
| Deferred Taxes & Provisions | -21,016 | 21,016 | ||||
| Cash flow from operations | -639,812 | -5,853,589 | 6,772,553 | -1,372,183 | 3,533,146 | |
| Investing Activities | ||||||
| capital expenditure | -146,196 | |||||
| Change in Investments | ||||||
| cash flow from investments | -146,196 | |||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | 1,240,638 | |||||
| Other Short Term Loans | 49,711 | 36,058 | 83,375 | -94,128 | 194,128 | |
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | -427,481 | 996,777 | ||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | -105,473 | -121,759 | -4,944 | -793 | -11,075 | |
| cash flow from financing | 597,685 | 10,966,202 | -1,753,819 | -793 | -10,975 | |
| cash and cash equivalents | ||||||
| cash | -238,797 | 611,195 | 4,492,243 | -1,392,996 | 902,951 | 4,025,067 |
| overdraft | ||||||
| change in cash | -238,797 | 611,195 | 4,492,243 | -1,392,996 | 902,951 | 4,025,067 |
valuelights holdings limited Credit Report and Business Information
Valuelights Holdings Limited Competitor Analysis
Perform a competitor analysis for valuelights holdings 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 M44 area or any other competitors across 12 key performance metrics.
valuelights holdings limited Ownership
VALUELIGHTS HOLDINGS LIMITED group structure
Valuelights Holdings Limited has 9 subsidiary companies.
Ultimate parent company
VALUELIGHTS HOLDINGS LIMITED
11048350
9 subsidiaries
valuelights holdings limited directors
Valuelights Holdings Limited currently has 8 directors. The longest serving directors include Mr David Gutfreund (Nov 2017) and Ms Cate Hulme (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Gutfreund | England | 53 years | Nov 2017 | - | Director |
| Ms Cate Hulme | 51 years | Feb 2020 | - | Director | |
| Mr Steve Caunce | England | 56 years | Oct 2021 | - | Director |
| Mr Michael Bates | United Kingdom | 57 years | Mar 2022 | - | Director |
| Mr John Crowther | United Kingdom | 56 years | Mar 2022 | - | Director |
| Mr Shahzad Sulaman | England | 56 years | Mar 2022 | - | Director |
| Mr Danny Barrasso | England | 47 years | Aug 2022 | - | Director |
| Miss Julia Barnes | England | 33 years | Jul 2024 | - | Director |
P&L
June 2023turnover
17.6m
-56%
operating profit
-2.9m
-20%
gross margin
51.4%
-8.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.5m
-0.48%
total assets
9.2m
-0.3%
cash
372.4k
-0.39%
net assets
Total assets minus all liabilities
valuelights holdings limited company details
company number
11048350
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
November 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
lse group holdings limited (March 2023)
accountant
-
auditor
PM & M SOLUTIONS FOR BUSINESS LL
address
the light hub 4 omega drive, irlam, manchester, M44 5GR
Bank
HSBC BANK PLC
Legal Advisor
-
valuelights holdings 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 valuelights holdings limited. Currently there are 1 open charges and 1 have been satisfied in the past.
valuelights holdings 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 VALUELIGHTS HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
valuelights holdings limited Companies House Filings - See Documents
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