kith stores ltd
kith stores ltd Company Information
Company Number
13421462
Website
-Registered Address
10 alexandra road, st. austell, cornwall, PL25 4QP
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
iyampillai thavarajah 50%
manickavasagar kirupananthan 50%
kith stores ltd Estimated Valuation
Pomanda estimates the enterprise value of KITH STORES LTD at £101.8k based on a Turnover of £417.9k and 0.24x industry multiple (adjusted for size and gross margin).
kith stores ltd Estimated Valuation
Pomanda estimates the enterprise value of KITH STORES LTD at £68.2k based on an EBITDA of £24.1k and a 2.83x industry multiple (adjusted for size and gross margin).
kith stores ltd Estimated Valuation
Pomanda estimates the enterprise value of KITH STORES LTD at £58.1k based on Net Assets of £21.2k and 2.75x industry multiple (adjusted for liquidity).
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Kith Stores Ltd Overview
Kith Stores Ltd is a live company located in cornwall, PL25 4QP with a Companies House number of 13421462. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in May 2021, it's largest shareholder is iyampillai thavarajah with a 50% stake. Kith Stores Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £417.9k with unknown growth in recent years.
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Kith Stores Ltd Health Check
Pomanda's financial health check has awarded Kith Stores Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £417.9k, make it smaller than the average company (£1m)
- Kith Stores Ltd
£1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Kith Stores Ltd
- - Industry AVG
Production
with a gross margin of 15.8%, this company has a higher cost of product (23.1%)
- Kith Stores Ltd
23.1% - Industry AVG
Profitability
an operating margin of 4.5% make it more profitable than the average company (2.9%)
- Kith Stores Ltd
2.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (13)
5 - Kith Stores Ltd
13 - Industry AVG
Pay Structure
on an average salary of £15k, the company has an equivalent pay structure (£15k)
- Kith Stores Ltd
£15k - Industry AVG
Efficiency
resulting in sales per employee of £83.6k, this is less efficient (£112.2k)
- Kith Stores Ltd
£112.2k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (6 days)
- Kith Stores Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (25 days)
- Kith Stores Ltd
25 days - Industry AVG
Stock Days
it holds stock equivalent to 59 days, this is more than average (21 days)
- Kith Stores Ltd
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (19 weeks)
38 weeks - Kith Stores Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.5%, this is a higher level of debt than the average (69.2%)
96.5% - Kith Stores Ltd
69.2% - Industry AVG
KITH STORES LTD financials
Kith Stores Ltd's latest turnover from May 2023 is estimated at £417.9 thousand and the company has net assets of £21.2 thousand. According to their latest financial statements, Kith Stores Ltd has 5 employees and maintains cash reserves of £73.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | |
|---|---|---|
| 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 | 5 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | |
|---|---|---|
| Tangible Assets | 466,923 | 357,854 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 466,923 | 357,854 |
| Stock & work in progress | 57,318 | 38,412 |
| Trade Debtors | 2,418 | 1,688 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 73,360 | 53,582 |
| misc current assets | 0 | 0 |
| total current assets | 133,096 | 93,682 |
| total assets | 600,019 | 451,536 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 98,043 | 61,739 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 98,043 | 61,739 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 475,839 | 384,152 |
| provisions | 4,954 | 651 |
| total long term liabilities | 480,793 | 384,803 |
| total liabilities | 578,836 | 446,542 |
| net assets | 21,183 | 4,994 |
| total shareholders funds | 21,183 | 4,994 |
| May 2023 | May 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 5,340 | |
| Amortisation | 0 | |
| Tax | ||
| Stock | 18,906 | 38,412 |
| Debtors | 730 | 1,688 |
| Creditors | 36,304 | 61,739 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | 4,303 | 651 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 91,687 | 384,152 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 19,778 | 53,582 |
| overdraft | 0 | 0 |
| change in cash | 19,778 | 53,582 |
kith stores ltd Credit Report and Business Information
Kith Stores Ltd Competitor Analysis
Perform a competitor analysis for kith stores 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 PL25 area or any other competitors across 12 key performance metrics.
kith stores ltd Ownership
KITH STORES LTD group structure
Kith Stores Ltd has no subsidiary companies.
Ultimate parent company
KITH STORES LTD
13421462
kith stores ltd directors
Kith Stores Ltd currently has 3 directors. The longest serving directors include Mr Manickavasagar Kirupananthan (May 2021) and Mr Iyampillai Thavarajah (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Manickavasagar Kirupananthan | England | 72 years | May 2021 | - | Director |
| Mr Iyampillai Thavarajah | Wales | 56 years | May 2021 | - | Director |
| Mr Iyampillai Thavarajah | England | 56 years | May 2021 | - | Director |
P&L
May 2023turnover
417.9k
+43%
operating profit
18.7k
0%
gross margin
15.9%
-4.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
21.2k
+3.24%
total assets
600k
+0.33%
cash
73.4k
+0.37%
net assets
Total assets minus all liabilities
Similar Companies
kith stores ltd company details
company number
13421462
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
May 2021
age
3
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
10 alexandra road, st. austell, cornwall, PL25 4QP
Bank
-
Legal Advisor
-
kith stores 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 kith stores ltd.
kith stores ltd Companies House Filings - See Documents
| date | description | view/download |
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