new start 2020 limited

new start 2020 limited Company Information

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Company Number

12477776

Industry

Other retail sale in non-specialised stores

 

Directors

Simon Peters

Simon Peters

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Shareholders

anthony richard brown

furniture holdings limited

Group Structure

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Contact

Registered Address

beales department store, 64-68 dolphin centre, poole, BH15 1SQ

Website

-

new start 2020 limited Estimated Valuation

£1m

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

£0

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

£0

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

Health Check Image
Health Rating3out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £2.5m, make it larger than the average company (£964.4k)

£2.5m - New Start 2020 Limited

£964.4k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - New Start 2020 Limited

- - Industry AVG

production

Production

with a gross margin of 44.1%, this company has a comparable cost of product (44.1%)

44.1% - New Start 2020 Limited

44.1% - Industry AVG

profitability

Profitability

an operating margin of -34% make it less profitable than the average company (5.5%)

-34% - New Start 2020 Limited

5.5% - Industry AVG

employees

Employees

with 64 employees, this is above the industry average (27)

64 - New Start 2020 Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £19.2k, the company has an equivalent pay structure (£19.2k)

£19.2k - New Start 2020 Limited

£19.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £38.7k, this is less efficient (£91.4k)

£38.7k - New Start 2020 Limited

£91.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (10 days)

6 days - New Start 2020 Limited

10 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 48 days, this is slower than average (35 days)

48 days - New Start 2020 Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 30 days, this is less than average (87 days)

30 days - New Start 2020 Limited

87 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021
Turnover2,478,8762,036,305912,194
Other Income Or Grants000
Cost Of Sales1,386,5291,166,433530,308
Gross Profit1,092,348869,872381,886
Admin Expenses1,936,1991,560,280800,973
Operating Profit-843,851-690,408-419,087
Interest Payable000
Interest Receivable5,9531,01341
Pre-Tax Profit-837,898-689,395-419,046
Tax000
Profit After Tax-837,898-689,395-419,046
Dividends Paid000
Retained Profit-837,898-689,395-419,046
Employee Costs1,228,5871,094,579450,611
Number Of Employees645725
EBITDA*-782,144-635,162-388,446

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021
Tangible Assets1,074,6311,139,3011,077,922
Intangible Assets000
Investments & Other000
Debtors (Due After 1 year)000
Total Fixed Assets1,074,6311,139,3011,077,922
Stock & work in progress114,560134,83283,635
Trade Debtors45,10137,4745,147
Group Debtors000
Misc Debtors150,092115,742106,109
Cash91,246188,91681,178
misc current assets000
total current assets400,999476,964276,069
total assets1,475,6301,616,2651,353,991
Bank overdraft000
Bank loan000
Trade Creditors 185,197213,127168,483
Group/Directors Accounts51,49932,6872,309
other short term finances000
hp & lease commitments000
other current liabilities725,835449,45462,832
total current liabilities962,531695,268233,624
loans000
hp & lease commitments000
Accruals and Deferred Income000
other liabilities2,459,4342,029,4341,539,409
provisions000
total long term liabilities2,459,4342,029,4341,539,409
total liabilities3,421,9652,724,7021,773,033
net assets-1,946,335-1,108,437-419,042
total shareholders funds-1,946,335-1,108,437-419,042
Mar 2023Mar 2022Mar 2021
Operating Activities
Operating Profit-843,851-690,408-419,087
Depreciation61,70755,24630,641
Amortisation000
Tax000
Stock-20,27251,19783,635
Debtors41,97741,960111,256
Creditors-27,93044,644168,483
Accruals and Deferred Income276,381386,62262,832
Deferred Taxes & Provisions000
Cash flow from operations-555,398-297,053-352,022
Investing Activities
capital expenditure2,963-116,625-1,108,563
Change in Investments000
cash flow from investments2,963-116,625-1,108,563
Financing Activities
Bank loans000
Group/Directors Accounts18,81230,3782,309
Other Short Term Loans 000
Long term loans000
Hire Purchase and Lease Commitments000
other long term liabilities430,000490,0251,539,409
share issue004
interest5,9531,01341
cash flow from financing454,765521,4161,541,763
cash and cash equivalents
cash-97,670107,73881,178
overdraft000
change in cash-97,670107,73881,178

new start 2020 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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New Start 2020 Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

anthony richard brown 80%
furniture holdings limited 20%

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).

officercountryagestartendrole
Mr Simon PetersEngland47 years Mar 2020- Director
Mr Simon PetersEngland47 years Mar 2020- Director
Mr Anthony BrownUnited Kingdom67 years Jun 2020- Director

P&L

March 2023

turnover

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 2023

net assets

-1.9m

+0.76%

total assets

1.5m

-0.09%

cash

91.2k

-0.52%

net assets

Total assets minus all liabilities

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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

PORTNARD LTD

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.

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new start 2020 limited Companies House Filings - See Documents

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