affordable home furnishings ltd
affordable home furnishings ltd Company Information
Company Number
11277686
Next Accounts
Jan 2025
Industry
Other retail sale not in stores, stalls or markets
Directors
Shareholders
russell douglas smith
emily harwood
Group Structure
View All
Contact
Registered Address
the union building 5th floor, 51-59 rose lane, norwich, NR1 1BY
affordable home furnishings ltd Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE HOME FURNISHINGS LTD at £751k based on a Turnover of £2m and 0.37x industry multiple (adjusted for size and gross margin).
affordable home furnishings ltd Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE HOME FURNISHINGS LTD at £276.4k based on an EBITDA of £66.6k and a 4.15x industry multiple (adjusted for size and gross margin).
affordable home furnishings ltd Estimated Valuation
Pomanda estimates the enterprise value of AFFORDABLE HOME FURNISHINGS LTD at £157.8k based on Net Assets of £53.8k and 2.93x industry multiple (adjusted for liquidity).
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Affordable Home Furnishings Ltd Overview
Affordable Home Furnishings Ltd is a dissolved company that was located in norwich, NR1 1BY with a Companies House number of 11277686. It operated in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in March 2018, it's largest shareholder was russell douglas smith with a 50% stake. The last turnover for Affordable Home Furnishings Ltd was estimated at £2m.
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Affordable Home Furnishings Ltd Health Check
Pomanda's financial health check has awarded Affordable Home Furnishings Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
4 Weak
Size
annual sales of £2m, make it larger than the average company (£412.4k)
- Affordable Home Furnishings Ltd
£412.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Affordable Home Furnishings Ltd
- - Industry AVG
Production
with a gross margin of 34%, this company has a comparable cost of product (34%)
- Affordable Home Furnishings Ltd
34% - Industry AVG
Profitability
an operating margin of 3.3% make it less profitable than the average company (7.1%)
- Affordable Home Furnishings Ltd
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Affordable Home Furnishings Ltd
6 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)
- Affordable Home Furnishings Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£199.2k)
- Affordable Home Furnishings Ltd
£199.2k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (42 days)
- Affordable Home Furnishings Ltd
42 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Affordable Home Furnishings Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Affordable Home Furnishings Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Affordable Home Furnishings Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (73.6%)
84.2% - Affordable Home Furnishings Ltd
73.6% - Industry AVG
AFFORDABLE HOME FURNISHINGS LTD financials
Affordable Home Furnishings Ltd's latest turnover from March 2019 is estimated at £2 million and the company has net assets of £53.8 thousand. According to their latest financial statements, Affordable Home Furnishings Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | |
|---|---|
| Tangible Assets | 115 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 115 |
| Stock & work in progress | 0 |
| Trade Debtors | 339,762 |
| Group Debtors | 0 |
| Misc Debtors | 0 |
| Cash | 0 |
| misc current assets | 0 |
| total current assets | 339,762 |
| total assets | 339,877 |
| Bank overdraft | 3,853 |
| Bank loan | 0 |
| Trade Creditors | 0 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 23,366 |
| total current liabilities | 27,219 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 258,863 |
| provisions | 22 |
| total long term liabilities | 258,885 |
| total liabilities | 286,104 |
| net assets | 53,773 |
| total shareholders funds | 53,773 |
| Mar 2019 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 38 |
| Amortisation | 0 |
| Tax | |
| Stock | 0 |
| Debtors | 339,762 |
| Creditors | 0 |
| Accruals and Deferred Income | 23,366 |
| Deferred Taxes & Provisions | 22 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 258,863 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 0 |
| overdraft | 3,853 |
| change in cash | -3,853 |
affordable home furnishings ltd Credit Report and Business Information
Affordable Home Furnishings Ltd Competitor Analysis
Perform a competitor analysis for affordable home furnishings ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in NR1 area or any other competitors across 12 key performance metrics.
affordable home furnishings ltd Ownership
AFFORDABLE HOME FURNISHINGS LTD group structure
Affordable Home Furnishings Ltd has no subsidiary companies.
Ultimate parent company
AFFORDABLE HOME FURNISHINGS LTD
11277686
affordable home furnishings ltd directors
Affordable Home Furnishings Ltd currently has 1 director, Mrs Emily Harwood serving since Mar 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Emily Harwood | United Kingdom | 46 years | Mar 2018 | - | Director |
P&L
March 2019turnover
2m
0%
operating profit
66.5k
0%
gross margin
34%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
53.8k
0%
total assets
339.9k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
affordable home furnishings ltd company details
company number
11277686
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
March 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2019
previous names
N/A
accountant
ASTON SHAW LTD
auditor
-
address
the union building 5th floor, 51-59 rose lane, norwich, NR1 1BY
Bank
-
Legal Advisor
-
affordable home furnishings 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 found 2 charges/mortgages relating to affordable home furnishings ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
affordable home furnishings ltd 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 AFFORDABLE HOME FURNISHINGS LTD. This can take several minutes, an email will notify you when this has completed.
affordable home furnishings ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
