cannaray brands limited

Live YoungSmallRapid

cannaray brands limited Company Information

Share CANNARAY BRANDS LIMITED

Company Number

11926997

Shareholders

cannaray brands holdco limited

Group Structure

View All

Industry

Retail sale via mail order houses or via Internet

 

Registered Address

100 avebury boulevard, milton keynes, MK9 1FH

cannaray brands limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of CANNARAY BRANDS LIMITED at £1.6m based on a Turnover of £3.9m and 0.42x industry multiple (adjusted for size and gross margin).

cannaray brands limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CANNARAY BRANDS LIMITED at £0 based on an EBITDA of £-4.3m and a 4.79x industry multiple (adjusted for size and gross margin).

cannaray brands limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CANNARAY BRANDS LIMITED at £0 based on Net Assets of £-16.2m and 2.21x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Cannaray Brands Limited Overview

Cannaray Brands Limited is a live company located in milton keynes, MK9 1FH with a Companies House number of 11926997. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in April 2019, it's largest shareholder is cannaray brands holdco limited with a 100% stake. Cannaray Brands Limited is a young, small sized company, Pomanda has estimated its turnover at £3.9m with rapid growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Cannaray Brands Limited Health Check

Pomanda's financial health check has awarded Cannaray Brands Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £3.9m, make it larger than the average company (£350.9k)

£3.9m - Cannaray Brands Limited

£350.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 104%, show it is growing at a faster rate (6.1%)

104% - Cannaray Brands Limited

6.1% - Industry AVG

production

Production

with a gross margin of 51.2%, this company has a lower cost of product (36.7%)

51.2% - Cannaray Brands Limited

36.7% - Industry AVG

profitability

Profitability

an operating margin of -112.4% make it less profitable than the average company (2.2%)

-112.4% - Cannaray Brands Limited

2.2% - Industry AVG

employees

Employees

with 6 employees, this is above the industry average (4)

6 - Cannaray Brands Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £269.2k, the company has a higher pay structure (£27.5k)

£269.2k - Cannaray Brands Limited

£27.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £643.5k, this is more efficient (£162.3k)

£643.5k - Cannaray Brands Limited

£162.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (21 days)

6 days - Cannaray Brands Limited

21 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is quicker than average (34 days)

24 days - Cannaray Brands Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 113 days, this is more than average (87 days)

113 days - Cannaray Brands Limited

87 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)

0 weeks - Cannaray Brands Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1033.2%, this is a higher level of debt than the average (75.8%)

1033.2% - Cannaray Brands Limited

75.8% - Industry AVG

CANNARAY BRANDS LIMITED financials

EXPORTms excel logo

Cannaray Brands Limited's latest turnover from June 2023 is £3.9 million and the company has net assets of -£16.2 million. According to their latest financial statements, Cannaray Brands Limited has 6 employees and maintains cash reserves of £20 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Dec 2021Dec 2020Dec 2019
Turnover3,861,0001,140,000457,000
Other Income Or Grants
Cost Of Sales1,886,000839,000598,000
Gross Profit1,975,000301,000-141,000
Admin Expenses6,315,0005,009,0003,818,0002,849,000
Operating Profit-4,340,000-4,708,000-3,959,000-2,849,000
Interest Payable227,000258,00082,000
Interest Receivable
Pre-Tax Profit-4,567,000-4,966,000-4,041,000-2,849,000
Tax253,0001,000-13,000
Profit After Tax-4,314,000-4,965,000-4,054,000-2,849,000
Dividends Paid
Retained Profit-4,314,000-4,965,000-4,054,000-2,849,000
Employee Costs1,615,000827,000,000699,000,000213,000,000
Number Of Employees6335
EBITDA*-4,285,000-4,708,000-3,959,000-2,849,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Dec 2021Dec 2020Dec 2019
Tangible Assets295,000
Intangible Assets14,00046,00068,000
Investments & Other1,668,0001,668,000
Debtors (Due After 1 year)
Total Fixed Assets309,0001,714,0001,736,000
Stock & work in progress587,000276,000318,000
Trade Debtors70,000939,00017,000
Group Debtors571,000446,000457,000
Misc Debtors177,00082,000182,000
Cash20,000715,00052,000
misc current assets
total current assets1,425,0002,458,0001,026,000
total assets1,734,0004,172,0002,762,000
Bank overdraft
Bank loan
Trade Creditors 127,000316,000139,000
Group/Directors Accounts13,913,0007,814,0002,844,000
other short term finances
hp & lease commitments130,000
other current liabilities17,488,000414,000149,0005,000
total current liabilities17,745,00014,643,0008,102,0002,849,000
loans340,000
hp & lease commitments170,000
Accruals and Deferred Income
other liabilities
provisions1,397,0001,563,000
total long term liabilities170,0001,397,0001,563,000
total liabilities17,915,00016,040,0009,665,0002,849,000
net assets-16,181,000-11,868,000-6,903,000-2,849,000
total shareholders funds-16,181,000-11,868,000-6,903,000-2,849,000
Jun 2023Dec 2021Dec 2020Dec 2019
Operating Activities
Operating Profit-4,340,000-4,708,000-3,959,000-2,849,000
Depreciation23,000
Amortisation32,000
Tax253,0001,000-13,000
Stock587,000-42,000318,000
Debtors818,000811,000656,000
Creditors127,000177,000139,000
Accruals and Deferred Income17,488,000265,000144,0005,000
Deferred Taxes & Provisions-166,0001,563,000
Cash flow from operations12,178,000-5,200,000-3,100,000-2,844,000
Investing Activities
capital expenditure-364,00022,000-68,000
Change in Investments1,668,000
cash flow from investments-364,00022,000-1,736,000
Financing Activities
Bank loans
Group/Directors Accounts6,099,0004,970,0002,844,000
Other Short Term Loans
Long term loans340,000
Hire Purchase and Lease Commitments300,000
other long term liabilities
share issue-11,867,000
interest-227,000-258,000-82,000
cash flow from financing-11,454,0005,841,0004,888,0002,844,000
cash and cash equivalents
cash20,000663,00052,000
overdraft
change in cash20,000663,00052,000

cannaray brands limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for cannaray brands limited. Get real-time insights into cannaray brands limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Cannaray Brands Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for cannaray brands 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 MK9 area or any other competitors across 12 key performance metrics.

cannaray brands limited Ownership

CANNARAY BRANDS LIMITED group structure

Cannaray Brands Limited has no subsidiary companies.

Ultimate parent company

1 parent

CANNARAY BRANDS LIMITED

11926997

CANNARAY BRANDS LIMITED Shareholders

cannaray brands holdco limited 100%

cannaray brands limited directors

Cannaray Brands Limited currently has 2 directors. The longest serving directors include Mr David Hogg (Apr 2019) and Mr Michael Maguire (Apr 2019).

officercountryagestartendrole
Mr David HoggEngland54 years Apr 2019- Director
Mr Michael MaguireUnited Kingdom61 years Apr 2019- Director

P&L

June 2023

turnover

3.9m

0%

operating profit

-4.3m

0%

gross margin

51.2%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

-16.2m

0%

total assets

1.7m

0%

cash

20k

0%

net assets

Total assets minus all liabilities

cannaray brands limited company details

company number

11926997

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

April 2019

age

6

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

June 2023

previous names

N/A

accountant

-

auditor

-

address

100 avebury boulevard, milton keynes, MK9 1FH

Bank

-

Legal Advisor

-

cannaray brands 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 cannaray brands limited.

cannaray brands 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 CANNARAY BRANDS LIMITED. This can take several minutes, an email will notify you when this has completed.

cannaray brands limited Companies House Filings - See Documents

datedescriptionview/download