true vaping limited
true vaping limited Company Information
Company Number
12404137
Website
-Registered Address
48 moor lane, preston, PR1 7AT
Industry
Retail sale of tobacco products in specialised stores
Telephone
01527759090
Next Accounts Due
6 days late
Group Structure
View All
Directors
Adam Matliwala4 Years
Shareholders
adam matliwala 100%
true vaping limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE VAPING LIMITED at £41.1k based on a Turnover of £114.4k and 0.36x industry multiple (adjusted for size and gross margin).
true vaping limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE VAPING LIMITED at £116.3k based on an EBITDA of £30.3k and a 3.83x industry multiple (adjusted for size and gross margin).
true vaping limited Estimated Valuation
Pomanda estimates the enterprise value of TRUE VAPING LIMITED at £53.3k based on Net Assets of £22.6k and 2.36x industry multiple (adjusted for liquidity).
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True Vaping Limited Overview
True Vaping Limited is a live company located in preston, PR1 7AT with a Companies House number of 12404137. It operates in the retail sale of tobacco products in specialised stores sector, SIC Code 47260. Founded in January 2020, it's largest shareholder is adam matliwala with a 100% stake. True Vaping Limited is a startup, micro sized company, Pomanda has estimated its turnover at £114.4k with unknown growth in recent years.
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True Vaping Limited Health Check
Pomanda's financial health check has awarded True Vaping Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
6 Regular
4 Weak
Size
annual sales of £114.4k, make it smaller than the average company (£195.1k)
- True Vaping Limited
£195.1k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- True Vaping Limited
- - Industry AVG
Production
with a gross margin of 31.9%, this company has a comparable cost of product (31.9%)
- True Vaping Limited
31.9% - Industry AVG
Profitability
an operating margin of 25.7% make it more profitable than the average company (-9.1%)
- True Vaping Limited
-9.1% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - True Vaping Limited
3 - Industry AVG
Pay Structure
on an average salary of £12.4k, the company has an equivalent pay structure (£12.4k)
- True Vaping Limited
£12.4k - Industry AVG
Efficiency
resulting in sales per employee of £38.1k, this is less efficient (£62.9k)
- True Vaping Limited
£62.9k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (55 days)
- True Vaping Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (40 days)
- True Vaping Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 186 days, this is more than average (104 days)
- True Vaping Limited
104 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (17 weeks)
14 weeks - True Vaping Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.3%, this is a similar level of debt than the average (65.8%)
68.3% - True Vaping Limited
65.8% - Industry AVG
TRUE VAPING LIMITED financials
True Vaping Limited's latest turnover from January 2023 is estimated at £114.4 thousand and the company has net assets of £22.6 thousand. According to their latest financial statements, True Vaping Limited has 3 employees and maintains cash reserves of £9.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | |
|---|---|---|---|
| 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 | 3 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | |
|---|---|---|---|
| Tangible Assets | 2,620 | 3,493 | 4,366 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 2,620 | 3,493 | 4,366 |
| Stock & work in progress | 39,751 | 40,123 | 39,744 |
| Trade Debtors | 14,231 | 17,601 | 10,760 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 5,235 | 0 | 6,778 |
| Cash | 9,455 | 6,079 | 15,164 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 68,672 | 63,803 | 72,446 |
| total assets | 71,292 | 67,296 | 76,812 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 701 | 4,127 | 31,241 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 32,207 | 41,952 | 30,162 |
| total current liabilities | 32,908 | 46,079 | 61,403 |
| loans | 15,787 | 21,272 | 25,000 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 15,787 | 21,272 | 25,000 |
| total liabilities | 48,695 | 67,351 | 86,403 |
| net assets | 22,597 | -55 | -9,591 |
| total shareholders funds | 22,597 | -55 | -9,591 |
| Jan 2023 | Jan 2022 | Jan 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 873 | 873 | |
| Amortisation | 0 | 0 | |
| Tax | |||
| Stock | -372 | 379 | 39,744 |
| Debtors | 1,865 | 63 | 17,538 |
| Creditors | -3,426 | -27,114 | 31,241 |
| Accruals and Deferred Income | -9,745 | 11,790 | 30,162 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -5,485 | -3,728 | 25,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 3,376 | -9,085 | 15,164 |
| overdraft | 0 | 0 | 0 |
| change in cash | 3,376 | -9,085 | 15,164 |
true vaping limited Credit Report and Business Information
True Vaping Limited Competitor Analysis
Perform a competitor analysis for true vaping limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in PR1 area or any other competitors across 12 key performance metrics.
true vaping limited Ownership
TRUE VAPING LIMITED group structure
True Vaping Limited has no subsidiary companies.
Ultimate parent company
TRUE VAPING LIMITED
12404137
true vaping limited directors
True Vaping Limited currently has 1 director, Mr Adam Matliwala serving since Jan 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Matliwala | England | 29 years | Jan 2020 | - | Director |
P&L
January 2023turnover
114.4k
+11%
operating profit
29.5k
0%
gross margin
32%
-12.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
22.6k
-411.85%
total assets
71.3k
+0.06%
cash
9.5k
+0.56%
net assets
Total assets minus all liabilities
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true vaping limited company details
company number
12404137
Type
Private limited with Share Capital
industry
47260 - Retail sale of tobacco products in specialised stores
incorporation date
January 2020
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
48 moor lane, preston, PR1 7AT
Bank
-
Legal Advisor
-
true vaping 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 true vaping limited.
true vaping limited Companies House Filings - See Documents
| date | description | view/download |
|---|
