new hair & beauty lounge ltd
new hair & beauty lounge ltd Company Information
Company Number
12136647
Website
newhairlounge.co.ukRegistered Address
1st floor county house, 100 new london road, chelmsford, essex, CM2 0RG
Industry
Hairdressing and other beauty treatment
Telephone
01376617727
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
martin lesley edward banks 50%
catrina andrea banks 45%
View Allnew hair & beauty lounge ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HAIR & BEAUTY LOUNGE LTD at £76.3k based on a Turnover of £116.2k and 0.66x industry multiple (adjusted for size and gross margin).
new hair & beauty lounge ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HAIR & BEAUTY LOUNGE LTD at £0 based on an EBITDA of £-8.8k and a 3.57x industry multiple (adjusted for size and gross margin).
new hair & beauty lounge ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HAIR & BEAUTY LOUNGE LTD at £159k based on Net Assets of £32.5k and 4.9x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
New Hair & Beauty Lounge Ltd Overview
New Hair & Beauty Lounge Ltd is a live company located in chelmsford, CM2 0RG with a Companies House number of 12136647. It operates in the hairdressing and other beauty treatment sector, SIC Code 96020. Founded in August 2019, it's largest shareholder is martin lesley edward banks with a 50% stake. New Hair & Beauty Lounge Ltd is a young, micro sized company, Pomanda has estimated its turnover at £116.2k with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
New Hair & Beauty Lounge Ltd Health Check
Pomanda's financial health check has awarded New Hair & Beauty Lounge Ltd a 3.5 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
1 Regular
4 Weak
Size
annual sales of £116.2k, make it larger than the average company (£83.2k)
- New Hair & Beauty Lounge Ltd
£83.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.6%)
- New Hair & Beauty Lounge Ltd
8.6% - Industry AVG
Production
with a gross margin of 50.3%, this company has a higher cost of product (76.5%)
- New Hair & Beauty Lounge Ltd
76.5% - Industry AVG
Profitability
an operating margin of -7.5% make it less profitable than the average company (6%)
- New Hair & Beauty Lounge Ltd
6% - Industry AVG
Employees
with 9 employees, this is above the industry average (3)
9 - New Hair & Beauty Lounge Ltd
3 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has an equivalent pay structure (£14.1k)
- New Hair & Beauty Lounge Ltd
£14.1k - Industry AVG
Efficiency
resulting in sales per employee of £12.9k, this is less efficient (£36.6k)
- New Hair & Beauty Lounge Ltd
£36.6k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (34 days)
- New Hair & Beauty Lounge Ltd
34 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is quicker than average (103 days)
- New Hair & Beauty Lounge Ltd
103 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- New Hair & Beauty Lounge Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - New Hair & Beauty Lounge Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.5%, this is a lower level of debt than the average (91.5%)
19.5% - New Hair & Beauty Lounge Ltd
91.5% - Industry AVG
NEW HAIR & BEAUTY LOUNGE LTD financials
New Hair & Beauty Lounge Ltd's latest turnover from October 2023 is estimated at £116.2 thousand and the company has net assets of £32.5 thousand. According to their latest financial statements, New Hair & Beauty Lounge Ltd has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 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 | 9 | 10 | 7 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Tangible Assets | 28,138 | 34,448 | 40,334 | 39,948 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,138 | 34,448 | 40,334 | 39,948 |
| Stock & work in progress | 0 | 0 | 1,000 | 500 |
| Trade Debtors | 7,279 | 13,753 | 759 | 822 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,940 | 5,112 | 5,944 | 5,994 |
| Cash | 0 | 0 | 21,282 | 17,120 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 12,219 | 18,865 | 28,985 | 24,436 |
| total assets | 40,357 | 53,313 | 69,319 | 64,384 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,886 | 10,572 | 1,388 | 1,037 |
| 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 | 20,840 | 37,068 |
| total current liabilities | 5,886 | 10,572 | 22,228 | 38,105 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 2,000 | 1,500 | 4,472 | 3,582 |
| total long term liabilities | 2,000 | 1,500 | 4,472 | 3,582 |
| total liabilities | 7,886 | 12,072 | 26,700 | 41,687 |
| net assets | 32,471 | 41,241 | 42,619 | 22,697 |
| total shareholders funds | 32,471 | 41,241 | 42,619 | 22,697 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 6,188 | 5,525 | 5,525 | |
| Amortisation | 0 | 0 | 0 | |
| Tax | ||||
| Stock | 0 | -1,000 | 500 | 500 |
| Debtors | -6,646 | 12,162 | -113 | 6,816 |
| Creditors | -4,686 | 9,184 | 351 | 1,037 |
| Accruals and Deferred Income | 0 | -20,840 | -16,228 | 37,068 |
| Deferred Taxes & Provisions | 500 | -2,972 | 890 | 3,582 |
| 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 | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | -21,282 | 4,162 | 17,120 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | -21,282 | 4,162 | 17,120 |
new hair & beauty lounge ltd Credit Report and Business Information
New Hair & Beauty Lounge Ltd Competitor Analysis
Perform a competitor analysis for new hair & beauty lounge ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in CM2 area or any other competitors across 12 key performance metrics.
new hair & beauty lounge ltd Ownership
NEW HAIR & BEAUTY LOUNGE LTD group structure
New Hair & Beauty Lounge Ltd has no subsidiary companies.
Ultimate parent company
NEW HAIR & BEAUTY LOUNGE LTD
12136647
new hair & beauty lounge ltd directors
New Hair & Beauty Lounge Ltd currently has 2 directors. The longest serving directors include Mr Martin Banks (Aug 2019) and Mr Martin Banks (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Banks | England | 60 years | Aug 2019 | - | Director |
| Mr Martin Banks | England | 60 years | Aug 2019 | - | Director |
P&L
October 2023turnover
116.2k
-8%
operating profit
-8.8k
0%
gross margin
50.4%
-9.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
32.5k
-0.21%
total assets
40.4k
-0.24%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
new hair & beauty lounge ltd company details
company number
12136647
Type
Private limited with Share Capital
industry
96020 - Hairdressing and other beauty treatment
incorporation date
August 2019
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
RICKARD LUCKIN
auditor
-
address
1st floor county house, 100 new london road, chelmsford, essex, CM2 0RG
Bank
-
Legal Advisor
-
new hair & beauty lounge 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 new hair & beauty lounge ltd.
new hair & beauty lounge ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
