new start 2020 limited Company Information
Company Number
12477776
Next Accounts
14 days late
Industry
Other retail sale in non-specialised stores
Shareholders
anthony richard brown
furniture holdings limited
Group Structure
View All
Contact
Registered Address
beales department store, 64-68 dolphin centre, poole, BH15 1SQ
Website
-new start 2020 limited Estimated Valuation
Pomanda estimates the enterprise value of NEW START 2020 LIMITED at £1m based on a Turnover of £2.5m and 0.42x industry multiple (adjusted for size and gross margin).
new start 2020 limited Estimated Valuation
Pomanda estimates the enterprise value of NEW START 2020 LIMITED at £0 based on an EBITDA of £-782.1k and a 4.06x industry multiple (adjusted for size and gross margin).
new start 2020 limited Estimated Valuation
Pomanda estimates the enterprise value of NEW START 2020 LIMITED at £0 based on Net Assets of £-1.9m and 3.08x industry multiple (adjusted for liquidity).
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New Start 2020 Limited Overview
New Start 2020 Limited is a live company located in poole, BH15 1SQ with a Companies House number of 12477776. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in February 2020, it's largest shareholder is anthony richard brown with a 80% stake. New Start 2020 Limited is a young, small sized company, Pomanda has estimated its turnover at £2.5m with unknown growth in recent years.
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New Start 2020 Limited Health Check
Pomanda's financial health check has awarded New Start 2020 Limited a 3 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
2 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£964.4k)
- New Start 2020 Limited
£964.4k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- New Start 2020 Limited
- - Industry AVG
Production
with a gross margin of 44.1%, this company has a comparable cost of product (44.1%)
- New Start 2020 Limited
44.1% - Industry AVG
Profitability
an operating margin of -34% make it less profitable than the average company (5.5%)
- New Start 2020 Limited
5.5% - Industry AVG
Employees
with 64 employees, this is above the industry average (27)
64 - New Start 2020 Limited
27 - Industry AVG
Pay Structure
on an average salary of £19.2k, the company has an equivalent pay structure (£19.2k)
- New Start 2020 Limited
£19.2k - Industry AVG
Efficiency
resulting in sales per employee of £38.7k, this is less efficient (£91.4k)
- New Start 2020 Limited
£91.4k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (10 days)
- New Start 2020 Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (35 days)
- New Start 2020 Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is less than average (87 days)
- New Start 2020 Limited
87 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (27 weeks)
4 weeks - New Start 2020 Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 231.9%, this is a higher level of debt than the average (69.7%)
231.9% - New Start 2020 Limited
69.7% - Industry AVG
NEW START 2020 LIMITED financials
New Start 2020 Limited's latest turnover from March 2023 is estimated at £2.5 million and the company has net assets of -£1.9 million. According to their latest financial statements, New Start 2020 Limited has 64 employees and maintains cash reserves of £91.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 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 | 64 | 57 | 25 |
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | |
---|---|---|---|
Tangible Assets | 1,074,631 | 1,139,301 | 1,077,922 |
Intangible Assets | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 |
Total Fixed Assets | 1,074,631 | 1,139,301 | 1,077,922 |
Stock & work in progress | 114,560 | 134,832 | 83,635 |
Trade Debtors | 45,101 | 37,474 | 5,147 |
Group Debtors | 0 | 0 | 0 |
Misc Debtors | 150,092 | 115,742 | 106,109 |
Cash | 91,246 | 188,916 | 81,178 |
misc current assets | 0 | 0 | 0 |
total current assets | 400,999 | 476,964 | 276,069 |
total assets | 1,475,630 | 1,616,265 | 1,353,991 |
Bank overdraft | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 |
Trade Creditors | 185,197 | 213,127 | 168,483 |
Group/Directors Accounts | 51,499 | 32,687 | 2,309 |
other short term finances | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 |
other current liabilities | 725,835 | 449,454 | 62,832 |
total current liabilities | 962,531 | 695,268 | 233,624 |
loans | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 |
other liabilities | 2,459,434 | 2,029,434 | 1,539,409 |
provisions | 0 | 0 | 0 |
total long term liabilities | 2,459,434 | 2,029,434 | 1,539,409 |
total liabilities | 3,421,965 | 2,724,702 | 1,773,033 |
net assets | -1,946,335 | -1,108,437 | -419,042 |
total shareholders funds | -1,946,335 | -1,108,437 | -419,042 |
Mar 2023 | Mar 2022 | Mar 2021 | |
---|---|---|---|
Operating Activities | |||
Operating Profit | |||
Depreciation | 61,707 | 55,246 | 30,641 |
Amortisation | 0 | 0 | 0 |
Tax | |||
Stock | -20,272 | 51,197 | 83,635 |
Debtors | 41,977 | 41,960 | 111,256 |
Creditors | -27,930 | 44,644 | 168,483 |
Accruals and Deferred Income | 276,381 | 386,622 | 62,832 |
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 | 18,812 | 30,378 | 2,309 |
Other Short Term Loans | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 |
other long term liabilities | 430,000 | 490,025 | 1,539,409 |
share issue | |||
interest | |||
cash flow from financing | |||
cash and cash equivalents | |||
cash | -97,670 | 107,738 | 81,178 |
overdraft | 0 | 0 | 0 |
change in cash | -97,670 | 107,738 | 81,178 |
new start 2020 limited Credit Report and Business Information
New Start 2020 Limited Competitor Analysis
Perform a competitor analysis for new start 2020 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 BH15 area or any other competitors across 12 key performance metrics.
new start 2020 limited Ownership
NEW START 2020 LIMITED group structure
New Start 2020 Limited has no subsidiary companies.
Ultimate parent company
PORTNARD LTD
#0073133
2 parents
NEW START 2020 LIMITED
12477776
new start 2020 limited directors
New Start 2020 Limited currently has 3 directors. The longest serving directors include Mr Simon Peters (Mar 2020) and Mr Simon Peters (Mar 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Simon Peters | England | 47 years | Mar 2020 | - | Director |
Mr Simon Peters | England | 47 years | Mar 2020 | - | Director |
Mr Anthony Brown | United Kingdom | 67 years | Jun 2020 | - | Director |
P&L
March 2023turnover
2.5m
+22%
operating profit
-843.9k
0%
gross margin
44.1%
+3.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-1.9m
+0.76%
total assets
1.5m
-0.09%
cash
91.2k
-0.52%
net assets
Total assets minus all liabilities
Similar Companies
new start 2020 limited company details
company number
12477776
Type
Private limited with Share Capital
industry
47190 - Other retail sale in non-specialised stores
incorporation date
February 2020
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
AZETS AUDIT SERVICES
auditor
-
address
beales department store, 64-68 dolphin centre, poole, BH15 1SQ
Bank
-
Legal Advisor
-
new start 2020 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 found 1 charges/mortgages relating to new start 2020 limited. Currently there are 1 open charges and 0 have been satisfied in the past.
new start 2020 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.
Click to start generating capital raising & share issue transactions for NEW START 2020 LIMITED. This can take several minutes, an email will notify you when this has completed.
new start 2020 limited Companies House Filings - See Documents
date | description | view/download |
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