drip steez ltd
drip steez ltd Company Information
Company Number
12847382
Next Accounts
May 2025
Shareholders
wesley allmark
jermaine hudspith
Group Structure
View All
Industry
Retail sale of clothing in specialised stores
Registered Address
427 427 chillingham road, newcastle upon tyne, NE6 5QU
Website
-drip steez ltd Estimated Valuation
Pomanda estimates the enterprise value of DRIP STEEZ LTD at £83.4k based on a Turnover of £208.3k and 0.4x industry multiple (adjusted for size and gross margin).
drip steez ltd Estimated Valuation
Pomanda estimates the enterprise value of DRIP STEEZ LTD at £0 based on an EBITDA of £-18.3k and a 4.09x industry multiple (adjusted for size and gross margin).
drip steez ltd Estimated Valuation
Pomanda estimates the enterprise value of DRIP STEEZ LTD at £4k based on Net Assets of £1.7k and 2.36x industry multiple (adjusted for liquidity).
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Drip Steez Ltd Overview
Drip Steez Ltd is a live company located in newcastle upon tyne, NE6 5QU with a Companies House number of 12847382. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in August 2020, it's largest shareholder is wesley allmark with a 90.1% stake. Drip Steez Ltd is a young, micro sized company, Pomanda has estimated its turnover at £208.3k with unknown growth in recent years.
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Drip Steez Ltd Health Check
Pomanda's financial health check has awarded Drip Steez Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
6 Weak
Size
annual sales of £208.3k, make it smaller than the average company (£8.5m)
- Drip Steez Ltd
£8.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Drip Steez Ltd
- - Industry AVG
Production
with a gross margin of 49.9%, this company has a comparable cost of product (49.9%)
- Drip Steez Ltd
49.9% - Industry AVG
Profitability
an operating margin of -9% make it less profitable than the average company (5.1%)
- Drip Steez Ltd
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (57)
2 - Drip Steez Ltd
57 - Industry AVG
Pay Structure
on an average salary of £26.5k, the company has an equivalent pay structure (£26.5k)
- Drip Steez Ltd
£26.5k - Industry AVG
Efficiency
resulting in sales per employee of £104.2k, this is less efficient (£151.8k)
- Drip Steez Ltd
£151.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Drip Steez Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Drip Steez Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is less than average (137 days)
- Drip Steez Ltd
137 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Drip Steez Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.8%, this is a higher level of debt than the average (73.4%)
91.8% - Drip Steez Ltd
73.4% - Industry AVG
DRIP STEEZ LTD financials
Drip Steez Ltd's latest turnover from August 2023 is estimated at £208.3 thousand and the company has net assets of £1.7 thousand. According to their latest financial statements, Drip Steez Ltd has 2 employees and maintains cash reserves of £2.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 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 | 2 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| Tangible Assets | 1,178 | 1,571 | 1,823 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 1,178 | 1,571 | 1,823 |
| Stock & work in progress | 10,000 | 0 | 0 |
| Trade Debtors | 0 | 24,321 | 7,466 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 7,078 | 2,500 | 178 |
| Cash | 2,443 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 19,521 | 26,821 | 7,644 |
| total assets | 20,699 | 28,392 | 9,467 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 6,628 | 4,101 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 19,003 | 0 | 0 |
| total current liabilities | 19,003 | 6,628 | 4,101 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 1,100 | 1,025 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 447 | 447 |
| total long term liabilities | 0 | 1,547 | 1,472 |
| total liabilities | 19,003 | 8,175 | 5,573 |
| net assets | 1,696 | 20,217 | 3,894 |
| total shareholders funds | 1,696 | 20,217 | 3,894 |
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 393 | 0 | |
| Amortisation | 0 | 0 | |
| Tax | |||
| Stock | 10,000 | 0 | 0 |
| Debtors | -19,743 | 19,177 | 7,644 |
| Creditors | -6,628 | 2,527 | 4,101 |
| Accruals and Deferred Income | 17,903 | 75 | 1,025 |
| Deferred Taxes & Provisions | -447 | 0 | 447 |
| 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 | 0 | 0 | 0 |
| 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 | 2,443 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 2,443 | 0 | 0 |
drip steez ltd Credit Report and Business Information
Drip Steez Ltd Competitor Analysis
Perform a competitor analysis for drip steez ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NE6 area or any other competitors across 12 key performance metrics.
drip steez ltd Ownership
DRIP STEEZ LTD group structure
Drip Steez Ltd has no subsidiary companies.
Ultimate parent company
DRIP STEEZ LTD
12847382
drip steez ltd directors
Drip Steez Ltd currently has 3 directors. The longest serving directors include Mr Wesley Allmark (Aug 2020) and Mr Jermaine Hudspith (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Wesley Allmark | England | 26 years | Aug 2020 | - | Director |
| Mr Jermaine Hudspith | England | 37 years | Sep 2021 | - | Director |
| Mr Elliot Dixon | United Kingdom | 21 years | Apr 2024 | - | Director |
P&L
August 2023turnover
208.3k
-12%
operating profit
-18.7k
0%
gross margin
50%
+4.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
1.7k
-0.92%
total assets
20.7k
-0.27%
cash
2.4k
0%
net assets
Total assets minus all liabilities
Similar Companies
drip steez ltd company details
company number
12847382
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
August 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
LDF ACCOUNTANCY SERVICES LTD
auditor
-
address
427 427 chillingham road, newcastle upon tyne, NE6 5QU
Bank
-
Legal Advisor
-
drip steez 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 drip steez ltd.
drip steez 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.
Click to start generating capital raising & share issue transactions for DRIP STEEZ LTD. This can take several minutes, an email will notify you when this has completed.
drip steez ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
