best choice shop ltd
best choice shop ltd Company Information
Group Structure
View All
Industry
Other retail sale not in stores, stalls or markets
Registered Address
business first davyfield road, blackburn, BB1 2QY
Website
-best choice shop ltd Estimated Valuation
Pomanda estimates the enterprise value of BEST CHOICE SHOP LTD at £28.5k based on a Turnover of £101.8k and 0.28x industry multiple (adjusted for size and gross margin).
best choice shop ltd Estimated Valuation
Pomanda estimates the enterprise value of BEST CHOICE SHOP LTD at £8.7k based on an EBITDA of £3k and a 2.92x industry multiple (adjusted for size and gross margin).
best choice shop ltd Estimated Valuation
Pomanda estimates the enterprise value of BEST CHOICE SHOP LTD at £0 based on Net Assets of £-2.7k and 2.09x industry multiple (adjusted for liquidity).
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Best Choice Shop Ltd Overview
Best Choice Shop Ltd is a live company located in blackburn, BB1 2QY with a Companies House number of 13887899. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in February 2022, it's largest shareholder is junaid ahmed with a 100% stake. Best Choice Shop Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £101.8k with unknown growth in recent years.
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Best Choice Shop Ltd Health Check
Pomanda's financial health check has awarded Best Choice Shop Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £101.8k, make it smaller than the average company (£1.1m)
- Best Choice Shop Ltd
£1.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Best Choice Shop Ltd
- - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (31.5%)
- Best Choice Shop Ltd
31.5% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (4.6%)
- Best Choice Shop Ltd
4.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (10)
3 - Best Choice Shop Ltd
10 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
- Best Choice Shop Ltd
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £33.9k, this is less efficient (£207.3k)
- Best Choice Shop Ltd
£207.3k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is later than average (33 days)
- Best Choice Shop Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (37 days)
- Best Choice Shop Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Best Choice Shop Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Best Choice Shop Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 123.7%, this is a higher level of debt than the average (63%)
123.7% - Best Choice Shop Ltd
63% - Industry AVG
BEST CHOICE SHOP LTD financials
Best Choice Shop Ltd's latest turnover from February 2024 is estimated at £101.8 thousand and the company has net assets of -£2.7 thousand. According to their latest financial statements, Best Choice Shop Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | |
|---|---|---|
| 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 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | |
|---|---|---|
| Tangible Assets | ||
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | ||
| Stock & work in progress | ||
| Trade Debtors | 11,268 | 7,014 |
| Group Debtors | ||
| Misc Debtors | ||
| Cash | ||
| misc current assets | ||
| total current assets | 11,268 | 7,014 |
| total assets | 11,268 | 7,014 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 13,364 | 11,928 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 13,364 | 11,928 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | 576 | |
| other liabilities | ||
| provisions | ||
| total long term liabilities | 576 | |
| total liabilities | 13,940 | 11,928 |
| net assets | -2,672 | -4,914 |
| total shareholders funds | -2,672 | -4,914 |
| Feb 2024 | Feb 2023 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 4,254 | 7,014 |
| Creditors | 1,436 | 11,928 |
| Accruals and Deferred Income | 576 | |
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | ||
| Other Short Term Loans | ||
| Long term loans | ||
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | ||
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | ||
| overdraft | ||
| change in cash |
best choice shop ltd Credit Report and Business Information
Best Choice Shop Ltd Competitor Analysis
Perform a competitor analysis for best choice shop 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 BB1 area or any other competitors across 12 key performance metrics.
best choice shop ltd Ownership
BEST CHOICE SHOP LTD group structure
Best Choice Shop Ltd has no subsidiary companies.
Ultimate parent company
BEST CHOICE SHOP LTD
13887899
best choice shop ltd directors
Best Choice Shop Ltd currently has 1 director, Mr Junaid Ahmed serving since Nov 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Junaid Ahmed | England | 25 years | Nov 2023 | - | Director |
P&L
February 2024turnover
101.8k
+173%
operating profit
3k
0%
gross margin
17.8%
-6.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
-2.7k
-0.46%
total assets
11.3k
+0.61%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
best choice shop ltd company details
company number
13887899
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
February 2022
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
business first davyfield road, blackburn, BB1 2QY
Bank
-
Legal Advisor
-
best choice shop 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 best choice shop ltd.
best choice shop 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.
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best choice shop ltd Companies House Filings - See Documents
| date | description | view/download |
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