cupboards direct (2018) limited
cupboards direct (2018) limited Company Information
Company Number
11257001
Next Accounts
Dec 2025
Shareholders
lones (uk) limited
gregory russell higgitt
View AllGroup Structure
View All
Industry
Wholesale of other machinery and equipment
Registered Address
15-17 church street, stourbridge, west midlands, DY8 1LU
Website
www.cupboardsdirect.co.ukcupboards direct (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of CUPBOARDS DIRECT (2018) LIMITED at £218.7k based on a Turnover of £570.7k and 0.38x industry multiple (adjusted for size and gross margin).
cupboards direct (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of CUPBOARDS DIRECT (2018) LIMITED at £0 based on an EBITDA of £-21.5k and a 3.9x industry multiple (adjusted for size and gross margin).
cupboards direct (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of CUPBOARDS DIRECT (2018) LIMITED at £20.2k based on Net Assets of £8.1k and 2.5x industry multiple (adjusted for liquidity).
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Cupboards Direct (2018) Limited Overview
Cupboards Direct (2018) Limited is a live company located in west midlands, DY8 1LU with a Companies House number of 11257001. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in March 2018, it's largest shareholder is lones (uk) limited with a 50% stake. Cupboards Direct (2018) Limited is a young, small sized company, Pomanda has estimated its turnover at £570.7k with healthy growth in recent years.
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Cupboards Direct (2018) Limited Health Check
Pomanda's financial health check has awarded Cupboards Direct (2018) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £570.7k, make it smaller than the average company (£16.5m)
- Cupboards Direct (2018) Limited
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (10.2%)
- Cupboards Direct (2018) Limited
10.2% - Industry AVG
Production
with a gross margin of 28.9%, this company has a comparable cost of product (28.9%)
- Cupboards Direct (2018) Limited
28.9% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (5.6%)
- Cupboards Direct (2018) Limited
5.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (39)
3 - Cupboards Direct (2018) Limited
39 - Industry AVG
Pay Structure
on an average salary of £51.6k, the company has an equivalent pay structure (£51.6k)
- Cupboards Direct (2018) Limited
£51.6k - Industry AVG
Efficiency
resulting in sales per employee of £190.2k, this is less efficient (£355.3k)
- Cupboards Direct (2018) Limited
£355.3k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (62 days)
- Cupboards Direct (2018) Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (33 days)
- Cupboards Direct (2018) Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cupboards Direct (2018) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (15 weeks)
14 weeks - Cupboards Direct (2018) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.9%, this is a higher level of debt than the average (51.4%)
91.9% - Cupboards Direct (2018) Limited
51.4% - Industry AVG
CUPBOARDS DIRECT (2018) LIMITED financials
Cupboards Direct (2018) Limited's latest turnover from March 2024 is estimated at £570.7 thousand and the company has net assets of £8.1 thousand. According to their latest financial statements, Cupboards Direct (2018) Limited has 3 employees and maintains cash reserves of £26.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 4 | 4 | 4 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,145 | 1,527 | 2,037 | 2,718 | 3,625 | 4,263 |
| Intangible Assets | 0 | 421 | 2,000 | 3,578 | 5,158 | 4,640 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,145 | 1,948 | 4,037 | 6,296 | 8,783 | 8,903 |
| Stock & work in progress | 0 | 581 | 355 | 321 | 321 | 533 |
| Trade Debtors | 52,615 | 59,232 | 44,016 | 16,187 | 36,353 | 35,930 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,471 | 40,174 | 6,421 | 15,001 | 10,469 | 1,321 |
| Cash | 26,242 | 64,609 | 69,571 | 63,140 | 69,969 | 66,366 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 98,328 | 164,596 | 120,363 | 94,649 | 117,112 | 104,150 |
| total assets | 99,473 | 166,544 | 124,400 | 100,945 | 125,895 | 113,053 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 58,789 | 68,478 | 54,176 | 44,191 | 44,851 | 59,179 |
| 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 | 32,605 | 69,774 | 50,924 | 35,770 | 68,737 | 43,871 |
| total current liabilities | 91,394 | 138,252 | 105,100 | 79,961 | 113,588 | 103,050 |
| 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 | 290 | 387 | 516 | 1,008 | 810 |
| total long term liabilities | 0 | 290 | 387 | 516 | 1,008 | 810 |
| total liabilities | 91,394 | 138,542 | 105,487 | 80,477 | 114,596 | 103,860 |
| net assets | 8,079 | 28,002 | 18,913 | 20,468 | 11,299 | 9,193 |
| total shareholders funds | 8,079 | 28,002 | 18,913 | 20,468 | 11,299 | 9,193 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 382 | 510 | 681 | 907 | 1,211 | 1,421 |
| Amortisation | 421 | 1,579 | 1,578 | 1,580 | 1,579 | 1,160 |
| Tax | ||||||
| Stock | -581 | 226 | 34 | 0 | -212 | 533 |
| Debtors | -27,320 | 48,969 | 19,249 | -15,634 | 9,571 | 37,251 |
| Creditors | -9,689 | 14,302 | 9,985 | -660 | -14,328 | 59,179 |
| Accruals and Deferred Income | -37,169 | 18,850 | 15,154 | -32,967 | 24,866 | 43,871 |
| Deferred Taxes & Provisions | -290 | -97 | -129 | -492 | 198 | 810 |
| 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 | -38,367 | -4,962 | 6,431 | -6,829 | 3,603 | 66,366 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -38,367 | -4,962 | 6,431 | -6,829 | 3,603 | 66,366 |
cupboards direct (2018) limited Credit Report and Business Information
Cupboards Direct (2018) Limited Competitor Analysis
Perform a competitor analysis for cupboards direct (2018) 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 DY8 area or any other competitors across 12 key performance metrics.
cupboards direct (2018) limited Ownership
CUPBOARDS DIRECT (2018) LIMITED group structure
Cupboards Direct (2018) Limited has no subsidiary companies.
Ultimate parent company
CUPBOARDS DIRECT (2018) LIMITED
11257001
cupboards direct (2018) limited directors
Cupboards Direct (2018) Limited currently has 3 directors. The longest serving directors include Mr Peter Hargreaves (Mar 2018) and Mr Neil Higgitt (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Hargreaves | United Kingdom | 63 years | Mar 2018 | - | Director |
| Mr Neil Higgitt | United Kingdom | 64 years | Mar 2018 | - | Director |
| Mr Gregory Higgitt | United Kingdom | 35 years | Mar 2018 | - | Director |
P&L
March 2024turnover
570.7k
+18%
operating profit
-22.3k
0%
gross margin
29%
+0.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
8.1k
-0.71%
total assets
99.5k
-0.4%
cash
26.2k
-0.59%
net assets
Total assets minus all liabilities
cupboards direct (2018) limited company details
company number
11257001
Type
Private limited with Share Capital
industry
46690 - Wholesale of other machinery and equipment
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
FOLKS WORTON LLP
auditor
-
address
15-17 church street, stourbridge, west midlands, DY8 1LU
Bank
-
Legal Advisor
-
cupboards direct (2018) 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 did not find charges/mortgages relating to cupboards direct (2018) limited.
cupboards direct (2018) 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 CUPBOARDS DIRECT (2018) LIMITED. This can take several minutes, an email will notify you when this has completed.
cupboards direct (2018) limited Companies House Filings - See Documents
| date | description | view/download |
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