morecambe bay discount store ltd
morecambe bay discount store ltd Company Information
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
70-72 euston road, morecambe, LA4 5DG
Website
-morecambe bay discount store ltd Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE BAY DISCOUNT STORE LTD at £64.8k based on a Turnover of £120.7k and 0.54x industry multiple (adjusted for size and gross margin).
morecambe bay discount store ltd Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE BAY DISCOUNT STORE LTD at £34.2k based on an EBITDA of £10.8k and a 3.17x industry multiple (adjusted for size and gross margin).
morecambe bay discount store ltd Estimated Valuation
Pomanda estimates the enterprise value of MORECAMBE BAY DISCOUNT STORE LTD at £0 based on Net Assets of £-6.1k and 2.27x industry multiple (adjusted for liquidity).
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Morecambe Bay Discount Store Ltd Overview
Morecambe Bay Discount Store Ltd is a live company located in morecambe, LA4 5DG with a Companies House number of 11880950. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2019, it's largest shareholder is mubarak patel with a 100% stake. Morecambe Bay Discount Store Ltd is a young, micro sized company, Pomanda has estimated its turnover at £120.7k with declining growth in recent years.
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Morecambe Bay Discount Store Ltd Health Check
Pomanda's financial health check has awarded Morecambe Bay Discount Store Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £120.7k, make it smaller than the average company (£899.5k)
- Morecambe Bay Discount Store Ltd
£899.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.2%)
- Morecambe Bay Discount Store Ltd
6.2% - Industry AVG
Production
with a gross margin of 20.2%, this company has a higher cost of product (41.1%)
- Morecambe Bay Discount Store Ltd
41.1% - Industry AVG
Profitability
an operating margin of 8.9% make it more profitable than the average company (6.3%)
- Morecambe Bay Discount Store Ltd
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Morecambe Bay Discount Store Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.7k, the company has an equivalent pay structure (£30.7k)
- Morecambe Bay Discount Store Ltd
£30.7k - Industry AVG
Efficiency
resulting in sales per employee of £60.3k, this is less efficient (£87.2k)
- Morecambe Bay Discount Store Ltd
£87.2k - Industry AVG
Debtor Days
it gets paid by customers after 107 days, this is later than average (29 days)
- Morecambe Bay Discount Store Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (39 days)
- Morecambe Bay Discount Store Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Morecambe Bay Discount Store Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Morecambe Bay Discount Store Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112%, this is a higher level of debt than the average (44.8%)
112% - Morecambe Bay Discount Store Ltd
44.8% - Industry AVG
MORECAMBE BAY DISCOUNT STORE LTD financials
Morecambe Bay Discount Store Ltd's latest turnover from August 2023 is estimated at £120.7 thousand and the company has net assets of -£6.1 thousand. According to their latest financial statements, Morecambe Bay Discount Store Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 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 | 2 | 3 | 3 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Tangible Assets | 14,800 | 18,049 | 22,068 | 3,936 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,800 | 18,049 | 22,068 | 3,936 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 35,472 | 34,219 | 32,804 | 32,674 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 35,472 | 34,219 | 32,804 | 32,674 |
| total assets | 50,272 | 52,268 | 54,872 | 36,610 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,617 | 23,920 | 24,900 | 34,166 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 23,617 | 23,920 | 24,900 | 34,166 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 960 | 720 |
| other liabilities | 32,710 | 42,498 | 50,000 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 32,710 | 42,498 | 50,960 | 720 |
| total liabilities | 56,327 | 66,418 | 75,860 | 34,886 |
| net assets | -6,055 | -14,150 | -20,988 | 1,724 |
| total shareholders funds | -6,055 | -14,150 | -20,988 | 1,724 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 1,253 | 1,415 | 130 | 32,674 |
| Creditors | -303 | -980 | -9,266 | 34,166 |
| Accruals and Deferred Income | 0 | -960 | 240 | 720 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,788 | -7,502 | 50,000 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 |
morecambe bay discount store ltd Credit Report and Business Information
Morecambe Bay Discount Store Ltd Competitor Analysis
Perform a competitor analysis for morecambe bay discount store ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in LA4 area or any other competitors across 12 key performance metrics.
morecambe bay discount store ltd Ownership
MORECAMBE BAY DISCOUNT STORE LTD group structure
Morecambe Bay Discount Store Ltd has no subsidiary companies.
Ultimate parent company
MORECAMBE BAY DISCOUNT STORE LTD
11880950
morecambe bay discount store ltd directors
Morecambe Bay Discount Store Ltd currently has 1 director, Mr Mubarak Patel serving since Jun 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mubarak Patel | England | 45 years | Jun 2021 | - | Director |
P&L
August 2023turnover
120.7k
-3%
operating profit
10.8k
0%
gross margin
20.2%
+6.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-6.1k
-0.57%
total assets
50.3k
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
morecambe bay discount store ltd company details
company number
11880950
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
March 2019
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
PATEL & CO ACCOUNTANTS
auditor
-
address
70-72 euston road, morecambe, LA4 5DG
Bank
-
Legal Advisor
-
morecambe bay discount store 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 did not find charges/mortgages relating to morecambe bay discount store ltd.
morecambe bay discount store 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 MORECAMBE BAY DISCOUNT STORE LTD. This can take several minutes, an email will notify you when this has completed.
morecambe bay discount store ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
