betterware global ltd
betterware global ltd Company Information
Company Number
11662158
Next Accounts
732 days late
Industry
Other retail sale not in stores, stalls or markets
Shareholders
rob jones
gary jones
View AllGroup Structure
View All
Contact
Registered Address
stanmore house, 64-68 blackburn street, manchester, M26 2JS
betterware global ltd Estimated Valuation
Pomanda estimates the enterprise value of BETTERWARE GLOBAL LTD at £369.3k based on a Turnover of £1m and 0.36x industry multiple (adjusted for size and gross margin).
betterware global ltd Estimated Valuation
Pomanda estimates the enterprise value of BETTERWARE GLOBAL LTD at £0 based on an EBITDA of £-114.6k and a 4.12x industry multiple (adjusted for size and gross margin).
betterware global ltd Estimated Valuation
Pomanda estimates the enterprise value of BETTERWARE GLOBAL LTD at £1.3m based on Net Assets of £662.5k and 2.03x industry multiple (adjusted for liquidity).
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Betterware Global Ltd Overview
Betterware Global Ltd is a live company located in manchester, M26 2JS with a Companies House number of 11662158. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in November 2018, it's largest shareholder is rob jones with a 52.7% stake. Betterware Global Ltd is a young, small sized company, Pomanda has estimated its turnover at £1m with unknown growth in recent years.
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Betterware Global Ltd Health Check
Pomanda's financial health check has awarded Betterware Global Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £1m, make it larger than the average company (£759.3k)
- Betterware Global Ltd
£759.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Betterware Global Ltd
- - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Betterware Global Ltd
32.9% - Industry AVG
Profitability
an operating margin of -12.6% make it less profitable than the average company (6.1%)
- Betterware Global Ltd
6.1% - Industry AVG
Employees
with 5 employees, this is below the industry average (8)
5 - Betterware Global Ltd
8 - Industry AVG
Pay Structure
on an average salary of £31.7k, the company has an equivalent pay structure (£31.7k)
- Betterware Global Ltd
£31.7k - Industry AVG
Efficiency
resulting in sales per employee of £204k, this is more efficient (£168.9k)
- Betterware Global Ltd
£168.9k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (38 days)
- Betterware Global Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 143 days, this is slower than average (35 days)
- Betterware Global Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 93 days, this is more than average (59 days)
- Betterware Global Ltd
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (28 weeks)
0 weeks - Betterware Global Ltd
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.4%, this is a lower level of debt than the average (67.7%)
50.4% - Betterware Global Ltd
67.7% - Industry AVG
BETTERWARE GLOBAL LTD financials
Betterware Global Ltd's latest turnover from March 2021 is estimated at £1 million and the company has net assets of £662.5 thousand. According to their latest financial statements, Betterware Global Ltd has 5 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2021 | Mar 2020 | |
|---|---|---|
| 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 | 5 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2021 | Mar 2020 | |
|---|---|---|
| Tangible Assets | 238 | 0 |
| Intangible Assets | 1,094,913 | 415,509 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 1,095,151 | 415,509 |
| Stock & work in progress | 175,000 | 5,219 |
| Trade Debtors | 64,422 | 17,789 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 675 |
| Cash | 1,946 | 1,685 |
| misc current assets | 0 | 0 |
| total current assets | 241,368 | 25,368 |
| total assets | 1,336,519 | 440,877 |
| Bank overdraft | 0 | 4,092 |
| Bank loan | 0 | 0 |
| Trade Creditors | 269,161 | 156,238 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 270,823 | 185,836 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 77,866 | 62,477 |
| total current liabilities | 617,850 | 408,643 |
| loans | 50,000 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 6,124 | 6,124 |
| total long term liabilities | 56,124 | 6,124 |
| total liabilities | 673,974 | 414,767 |
| net assets | 662,545 | 26,110 |
| total shareholders funds | 662,545 | 26,110 |
| Mar 2021 | Mar 2020 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 14,166 | 14,166 |
| Tax | ||
| Stock | 169,781 | 5,219 |
| Debtors | 45,958 | 18,464 |
| Creditors | 112,923 | 156,238 |
| Accruals and Deferred Income | 15,389 | 62,477 |
| Deferred Taxes & Provisions | 0 | 6,124 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 84,987 | 185,836 |
| Long term loans | 50,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 261 | 1,685 |
| overdraft | -4,092 | 4,092 |
| change in cash | 4,353 | -2,407 |
betterware global ltd Credit Report and Business Information
Betterware Global Ltd Competitor Analysis
Perform a competitor analysis for betterware global ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M26 area or any other competitors across 12 key performance metrics.
betterware global ltd Ownership
BETTERWARE GLOBAL LTD group structure
Betterware Global Ltd has no subsidiary companies.
Ultimate parent company
BETTERWARE GLOBAL LTD
11662158
betterware global ltd directors
Betterware Global Ltd currently has 3 directors. The longest serving directors include Mr Rob Jones (Nov 2018) and Mr Peter Avery (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rob Jones | United Kingdom | 44 years | Nov 2018 | - | Director |
| Mr Peter Avery | England | 60 years | Apr 2021 | - | Director |
| Mr Gary Jones | United Kingdom | 43 years | Apr 2021 | - | Director |
P&L
March 2021turnover
1m
+174%
operating profit
-128.7k
0%
gross margin
32.9%
-0.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2021net assets
662.5k
+24.38%
total assets
1.3m
+2.03%
cash
1.9k
+0.15%
net assets
Total assets minus all liabilities
Similar Companies
betterware global ltd company details
company number
11662158
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
November 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2021
previous names
N/A
accountant
G W KELLY & CO
auditor
-
address
stanmore house, 64-68 blackburn street, manchester, M26 2JS
Bank
-
Legal Advisor
-
betterware global 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 1 charges/mortgages relating to betterware global ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
betterware global 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.
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betterware global ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
