cannaray brands limited
cannaray brands limited Company Information
Company Number
11926997
Next Accounts
Mar 2025
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
Website
vegefresh90.comcannaray brands limited Estimated Valuation
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
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
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).
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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.
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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
6 Strong
0 Regular
6 Weak
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
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
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
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
with 6 employees, this is above the industry average (4)
6 - Cannaray Brands Limited
4 - Industry AVG
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
resulting in sales per employee of £643.5k, this is more efficient (£162.3k)
£643.5k - Cannaray Brands Limited
£162.3k - Industry AVG
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
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
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
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
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
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 House, Pomanda Estimates
| Jun 2023 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Turnover | 3,861,000 | 1,140,000 | 457,000 | |
| Other Income Or Grants | ||||
| Cost Of Sales | 1,886,000 | 839,000 | 598,000 | |
| Gross Profit | 1,975,000 | 301,000 | -141,000 | |
| Admin Expenses | 6,315,000 | 5,009,000 | 3,818,000 | 2,849,000 |
| Operating Profit | -4,340,000 | -4,708,000 | -3,959,000 | -2,849,000 |
| Interest Payable | 227,000 | 258,000 | 82,000 | |
| Interest Receivable | ||||
| Pre-Tax Profit | -4,567,000 | -4,966,000 | -4,041,000 | -2,849,000 |
| Tax | 253,000 | 1,000 | -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 Costs | 1,615,000 | 827,000,000 | 699,000,000 | 213,000,000 |
| Number Of Employees | 6 | 3 | 3 | 5 |
| EBITDA* | -4,285,000 | -4,708,000 | -3,959,000 | -2,849,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 295,000 | |||
| Intangible Assets | 14,000 | 46,000 | 68,000 | |
| Investments & Other | 1,668,000 | 1,668,000 | ||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 309,000 | 1,714,000 | 1,736,000 | |
| Stock & work in progress | 587,000 | 276,000 | 318,000 | |
| Trade Debtors | 70,000 | 939,000 | 17,000 | |
| Group Debtors | 571,000 | 446,000 | 457,000 | |
| Misc Debtors | 177,000 | 82,000 | 182,000 | |
| Cash | 20,000 | 715,000 | 52,000 | |
| misc current assets | ||||
| total current assets | 1,425,000 | 2,458,000 | 1,026,000 | |
| total assets | 1,734,000 | 4,172,000 | 2,762,000 | |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 127,000 | 316,000 | 139,000 | |
| Group/Directors Accounts | 13,913,000 | 7,814,000 | 2,844,000 | |
| other short term finances | ||||
| hp & lease commitments | 130,000 | |||
| other current liabilities | 17,488,000 | 414,000 | 149,000 | 5,000 |
| total current liabilities | 17,745,000 | 14,643,000 | 8,102,000 | 2,849,000 |
| loans | 340,000 | |||
| hp & lease commitments | 170,000 | |||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 1,397,000 | 1,563,000 | ||
| total long term liabilities | 170,000 | 1,397,000 | 1,563,000 | |
| total liabilities | 17,915,000 | 16,040,000 | 9,665,000 | 2,849,000 |
| 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 2023 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -4,340,000 | -4,708,000 | -3,959,000 | -2,849,000 |
| Depreciation | 23,000 | |||
| Amortisation | 32,000 | |||
| Tax | 253,000 | 1,000 | -13,000 | |
| Stock | 587,000 | -42,000 | 318,000 | |
| Debtors | 818,000 | 811,000 | 656,000 | |
| Creditors | 127,000 | 177,000 | 139,000 | |
| Accruals and Deferred Income | 17,488,000 | 265,000 | 144,000 | 5,000 |
| Deferred Taxes & Provisions | -166,000 | 1,563,000 | ||
| Cash flow from operations | 12,178,000 | -5,200,000 | -3,100,000 | -2,844,000 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 1,668,000 | |||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 6,099,000 | 4,970,000 | 2,844,000 | |
| Other Short Term Loans | ||||
| Long term loans | 340,000 | |||
| Hire Purchase and Lease Commitments | 300,000 | |||
| other long term liabilities | ||||
| share issue | ||||
| interest | -227,000 | -258,000 | -82,000 | |
| cash flow from financing | -11,454,000 | 5,841,000 | 4,888,000 | 2,844,000 |
| cash and cash equivalents | ||||
| cash | 20,000 | 663,000 | 52,000 | |
| overdraft | ||||
| change in cash | 20,000 | 663,000 | 52,000 |
cannaray brands limited Credit Report and Business Information
Cannaray Brands Limited Competitor Analysis
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 directors
Cannaray Brands Limited currently has 2 directors. The longest serving directors include Mr David Hogg (Apr 2019) and Mr Michael Maguire (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Hogg | England | 54 years | Apr 2019 | - | Director |
| Mr Michael Maguire | United Kingdom | 61 years | Apr 2019 | - | Director |
P&L
June 2023turnover
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 2023net assets
-16.2m
0%
total assets
1.7m
0%
cash
20k
0%
net assets
Total assets minus all liabilities
Similar Companies
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.
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cannaray brands limited Companies House Filings - See Documents
| date | description | view/download |
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