off-piste brands ltd
off-piste brands ltd Company Information
Company Number
12356567
Next Accounts
Dec 2025
Shareholders
bgf investments lp
anthony fairbank
View AllGroup Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
formal house, 60 st georges place, cheltenham, GL50 3PN
Website
offpistewines.comoff-piste brands ltd Estimated Valuation
Pomanda estimates the enterprise value of OFF-PISTE BRANDS LTD at £72.1m based on a Turnover of £64.3m and 1.12x industry multiple (adjusted for size and gross margin).
off-piste brands ltd Estimated Valuation
Pomanda estimates the enterprise value of OFF-PISTE BRANDS LTD at £31.2m based on an EBITDA of £4.7m and a 6.61x industry multiple (adjusted for size and gross margin).
off-piste brands ltd Estimated Valuation
Pomanda estimates the enterprise value of OFF-PISTE BRANDS LTD at £34.4m based on Net Assets of £15.2m and 2.27x industry multiple (adjusted for liquidity).
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Off-piste Brands Ltd Overview
Off-piste Brands Ltd is a live company located in cheltenham, GL50 3PN with a Companies House number of 12356567. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in December 2019, it's largest shareholder is bgf investments lp with a 29.1% stake. Off-piste Brands Ltd is a young, large sized company, Pomanda has estimated its turnover at £64.3m with low growth in recent years.
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Off-piste Brands Ltd Health Check
Pomanda's financial health check has awarded Off-Piste Brands Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £64.3m, make it larger than the average company (£849.3k)
£64.3m - Off-piste Brands Ltd
£849.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.3%)
1% - Off-piste Brands Ltd
8.3% - Industry AVG
Production
with a gross margin of 15.8%, this company has a higher cost of product (39.5%)
15.8% - Off-piste Brands Ltd
39.5% - Industry AVG
Profitability
an operating margin of 5.8% make it as profitable than the average company (5.8%)
5.8% - Off-piste Brands Ltd
5.8% - Industry AVG
Employees
with 41 employees, this is above the industry average (14)
41 - Off-piste Brands Ltd
14 - Industry AVG
Pay Structure
on an average salary of £76.4k, the company has a higher pay structure (£29.2k)
£76.4k - Off-piste Brands Ltd
£29.2k - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£73.5k)
£1.6m - Off-piste Brands Ltd
£73.5k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is later than average (27 days)
59 days - Off-piste Brands Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (36 days)
69 days - Off-piste Brands Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is more than average (32 days)
55 days - Off-piste Brands Ltd
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is less cash available to meet short term requirements (59 weeks)
28 weeks - Off-piste Brands Ltd
59 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.4%, this is a higher level of debt than the average (37.2%)
55.4% - Off-piste Brands Ltd
37.2% - Industry AVG
OFF-PISTE BRANDS LTD financials
Off-Piste Brands Ltd's latest turnover from March 2024 is £64.3 million and the company has net assets of £15.2 million. According to their latest financial statements, Off-Piste Brands Ltd has 41 employees and maintains cash reserves of £7.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Turnover | 64,278,000 | 60,142,000 | 48,336,000 | 62,928,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 54,095,000 | 51,164,000 | 40,113,000 | 53,975,000 |
| Gross Profit | 10,183,000 | 8,978,000 | 8,223,000 | 8,953,000 |
| Admin Expenses | 6,464,000 | 6,427,000 | 5,069,000 | 6,076,000 |
| Operating Profit | 3,719,000 | 2,551,000 | 3,154,000 | 2,877,000 |
| Interest Payable | 1,333,000 | 1,294,000 | 1,389,000 | 1,125,000 |
| Interest Receivable | 5,000 | 0 | 0 | 7,000 |
| Pre-Tax Profit | 2,391,000 | 1,257,000 | 1,765,000 | 1,759,000 |
| Tax | -862,000 | -547,000 | -319,000 | -448,000 |
| Profit After Tax | 1,529,000 | 710,000 | 1,446,000 | 1,311,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | 1,529,000 | 710,000 | 1,446,000 | 1,311,000 |
| Employee Costs | 3,134,000 | 2,863,000 | 2,680,000 | 3,021,000 |
| Number Of Employees | 41 | 40 | 35 | 29 |
| EBITDA* | 4,724,000 | 3,561,000 | 4,164,000 | 4,128,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 2,000 | 4,000 | 6,000 |
| Intangible Assets | 5,763,000 | 6,766,000 | 7,774,000 | 8,782,000 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 115,000 | 0 |
| Total Fixed Assets | 5,763,000 | 6,768,000 | 7,893,000 | 8,788,000 |
| Stock & work in progress | 8,273,000 | 13,244,000 | 8,171,000 | 6,572,000 |
| Trade Debtors | 10,511,000 | 10,147,000 | 7,713,000 | 7,506,000 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,821,000 | 2,759,000 | 1,822,000 | 1,588,000 |
| Cash | 7,674,000 | 1,387,000 | 1,911,000 | 1,634,000 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 28,279,000 | 27,537,000 | 19,617,000 | 17,300,000 |
| total assets | 34,042,000 | 34,305,000 | 27,510,000 | 26,088,000 |
| Bank overdraft | 0 | 0 | 113,000 | 147,000 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,280,000 | 11,326,000 | 5,866,000 | 6,703,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 938,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 2,675,000 | 2,220,000 | 1,968,000 | 1,694,000 |
| total current liabilities | 13,893,000 | 13,546,000 | 7,947,000 | 8,544,000 |
| loans | 4,964,000 | 7,103,000 | 6,617,000 | 6,044,000 |
| 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 | 4,964,000 | 7,103,000 | 6,617,000 | 6,044,000 |
| total liabilities | 18,857,000 | 20,649,000 | 14,564,000 | 14,588,000 |
| net assets | 15,185,000 | 13,656,000 | 12,946,000 | 11,500,000 |
| total shareholders funds | 15,185,000 | 13,656,000 | 12,946,000 | 11,500,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 3,719,000 | 2,551,000 | 3,154,000 | 2,877,000 |
| Depreciation | 2,000 | 2,000 | 2,000 | 2,000 |
| Amortisation | 1,003,000 | 1,008,000 | 1,008,000 | 1,249,000 |
| Tax | -862,000 | -547,000 | -319,000 | -448,000 |
| Stock | -4,971,000 | 5,073,000 | 1,599,000 | 6,572,000 |
| Debtors | -574,000 | 3,256,000 | 556,000 | 9,094,000 |
| Creditors | -1,046,000 | 5,460,000 | -837,000 | 6,703,000 |
| Accruals and Deferred Income | 455,000 | 252,000 | 274,000 | 1,694,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 8,816,000 | 397,000 | 1,127,000 | -3,589,000 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 938,000 | 0 | 0 | 0 |
| Long term loans | -2,139,000 | 486,000 | 573,000 | 6,044,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -1,328,000 | -1,294,000 | -1,389,000 | -1,118,000 |
| cash flow from financing | -2,529,000 | -808,000 | -816,000 | 15,115,000 |
| cash and cash equivalents | ||||
| cash | 6,287,000 | -524,000 | 277,000 | 1,634,000 |
| overdraft | 0 | -113,000 | -34,000 | 147,000 |
| change in cash | 6,287,000 | -411,000 | 311,000 | 1,487,000 |
off-piste brands ltd Credit Report and Business Information
Off-piste Brands Ltd Competitor Analysis
Perform a competitor analysis for off-piste brands ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in GL50 area or any other competitors across 12 key performance metrics.
off-piste brands ltd Ownership
OFF-PISTE BRANDS LTD group structure
Off-Piste Brands Ltd has no subsidiary companies.
Ultimate parent company
OFF-PISTE BRANDS LTD
12356567
off-piste brands ltd directors
Off-Piste Brands Ltd currently has 6 directors. The longest serving directors include Mr Andy Talbot (Dec 2019) and Mr Andrew Fennell (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andy Talbot | England | 45 years | Dec 2019 | - | Director |
| Mr Andrew Fennell | United Kingdom | 58 years | Dec 2019 | - | Director |
| Mr Paul Letheren | England | 57 years | Feb 2020 | - | Director |
| Mr Mark Pettit | England | 51 years | Feb 2020 | - | Director |
| Mr Anthony Fairbank | England | 61 years | Feb 2020 | - | Director |
| Mr Edwin Davies | England | 40 years | Jan 2022 | - | Director |
P&L
March 2024turnover
64.3m
+7%
operating profit
3.7m
+46%
gross margin
15.9%
+6.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
15.2m
+0.11%
total assets
34m
-0.01%
cash
7.7m
+4.53%
net assets
Total assets minus all liabilities
off-piste brands ltd company details
company number
12356567
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
December 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
hc 1313 limited (January 2021)
accountant
-
auditor
AZETS AUDIT SERVICES
address
formal house, 60 st georges place, cheltenham, GL50 3PN
Bank
-
Legal Advisor
-
off-piste brands 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 off-piste brands ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
off-piste brands 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.
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off-piste brands ltd Companies House Filings - See Documents
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