sungold ltd
sungold ltd Company Information
Company Number
11983819
Website
sungoldcapitallimited.comRegistered Address
43 frederick street, birmingham, B1 3HN
Industry
Wholesale of watches and jewellery
Retail sale of watches and jewellery in specialised stores
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Directors
Sunil Datt5 Years
Shareholders
sunil datt 100%
sungold ltd Estimated Valuation
Pomanda estimates the enterprise value of SUNGOLD LTD at £2.3m based on a Turnover of £5.8m and 0.39x industry multiple (adjusted for size and gross margin).
sungold ltd Estimated Valuation
Pomanda estimates the enterprise value of SUNGOLD LTD at £38.6k based on an EBITDA of £11k and a 3.49x industry multiple (adjusted for size and gross margin).
sungold ltd Estimated Valuation
Pomanda estimates the enterprise value of SUNGOLD LTD at £186.6k based on Net Assets of £105k and 1.78x industry multiple (adjusted for liquidity).
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Sungold Ltd Overview
Sungold Ltd is a live company located in birmingham, B1 3HN with a Companies House number of 11983819. It operates in the wholesale of watches and jewellery sector, SIC Code 46480. Founded in May 2019, it's largest shareholder is sunil datt with a 100% stake. Sungold Ltd is a young, mid sized company, Pomanda has estimated its turnover at £5.8m with rapid growth in recent years.
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Sungold Ltd Health Check
Pomanda's financial health check has awarded Sungold Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £5.8m, make it smaller than the average company (£10.8m)
- Sungold Ltd
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 65%, show it is growing at a faster rate (8.1%)
- Sungold Ltd
8.1% - Industry AVG
Production
with a gross margin of 34.8%, this company has a comparable cost of product (34.8%)
- Sungold Ltd
34.8% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (6.5%)
- Sungold Ltd
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (30)
1 - Sungold Ltd
30 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£40.6k)
- Sungold Ltd
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £5.8m, this is more efficient (£308.2k)
- Sungold Ltd
£308.2k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (23 days)
- Sungold Ltd
23 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (33 days)
- Sungold Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (165 days)
- Sungold Ltd
165 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (19 weeks)
1 weeks - Sungold Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.8%, this is a higher level of debt than the average (56.5%)
94.8% - Sungold Ltd
56.5% - Industry AVG
SUNGOLD LTD financials
Sungold Ltd's latest turnover from May 2023 is estimated at £5.8 million and the company has net assets of £105 thousand. According to their latest financial statements, Sungold Ltd has 1 employee and maintains cash reserves of £48.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 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 | 1 | 4 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Tangible Assets | 605 | 1,014 | 1,423 | 572 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 605 | 1,014 | 1,423 | 572 |
| Stock & work in progress | 180,235 | 290,235 | 11,950 | 196,800 |
| Trade Debtors | 876,984 | 365,623 | 266,497 | 172,857 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 895,357 | 741,640 | 618,884 | 216,951 |
| Cash | 48,248 | 88,339 | 49,806 | 10,572 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 2,000,824 | 1,485,837 | 947,137 | 597,180 |
| total assets | 2,001,429 | 1,486,851 | 948,560 | 597,752 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 68,152 | 76,565 | 10,000 | 833 |
| Trade Creditors | 869,089 | 167,682 | 577,967 | 283,840 |
| 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 | 802,869 | 922,049 | 196,982 | 227,634 |
| total current liabilities | 1,740,110 | 1,166,296 | 784,949 | 512,307 |
| loans | 156,361 | 202,853 | 40,000 | 49,167 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 156,361 | 202,853 | 40,000 | 49,167 |
| total liabilities | 1,896,471 | 1,369,149 | 824,949 | 561,474 |
| net assets | 104,958 | 117,702 | 123,611 | 36,278 |
| total shareholders funds | 104,958 | 117,702 | 123,611 | 36,278 |
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 409 | 409 | 174 | 38 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | -110,000 | 278,285 | -184,850 | 196,800 |
| Debtors | 665,078 | 221,882 | 495,573 | 389,808 |
| Creditors | 701,407 | -410,285 | 294,127 | 283,840 |
| Accruals and Deferred Income | -119,180 | 725,067 | -30,652 | 227,634 |
| 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 | -8,413 | 66,565 | 9,167 | 833 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -46,492 | 162,853 | -9,167 | 49,167 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | -40,091 | 38,533 | 39,234 | 10,572 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -40,091 | 38,533 | 39,234 | 10,572 |
sungold ltd Credit Report and Business Information
Sungold Ltd Competitor Analysis
Perform a competitor analysis for sungold ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in B 1 area or any other competitors across 12 key performance metrics.
sungold ltd Ownership
SUNGOLD LTD group structure
Sungold Ltd has no subsidiary companies.
Ultimate parent company
SUNGOLD LTD
11983819
sungold ltd directors
Sungold Ltd currently has 1 director, Mr Sunil Datt serving since May 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sunil Datt | England | 56 years | May 2019 | - | Director |
P&L
May 2023turnover
5.8m
+98%
operating profit
10.6k
0%
gross margin
34.8%
+4.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
105k
-0.11%
total assets
2m
+0.35%
cash
48.2k
-0.45%
net assets
Total assets minus all liabilities
sungold ltd company details
company number
11983819
Type
Private limited with Share Capital
industry
46480 - Wholesale of watches and jewellery
47770 - Retail sale of watches and jewellery in specialised stores
incorporation date
May 2019
age
5
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
May 2023
address
43 frederick street, birmingham, B1 3HN
accountant
-
auditor
-
sungold 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 sungold ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
sungold ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
