spend n save leic limited
spend n save leic limited Company Information
Company Number
13984716
Next Accounts
Jan 2025
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Shareholders
bir singh garcha
ajaib singh garcha
View AllGroup Structure
View All
Contact
Registered Address
dhillon accountant ltd,, 21 hatherton street, walsall, west midlands, WS4 2LA
Website
-spend n save leic limited Estimated Valuation
Pomanda estimates the enterprise value of SPEND N SAVE LEIC LIMITED at £373.6k based on a Turnover of £1.1m and 0.34x industry multiple (adjusted for size and gross margin).
spend n save leic limited Estimated Valuation
Pomanda estimates the enterprise value of SPEND N SAVE LEIC LIMITED at £0 based on an EBITDA of £-15k and a 3.63x industry multiple (adjusted for size and gross margin).
spend n save leic limited Estimated Valuation
Pomanda estimates the enterprise value of SPEND N SAVE LEIC LIMITED at £0 based on Net Assets of £-21.9k and 2.7x industry multiple (adjusted for liquidity).
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Spend N Save Leic Limited Overview
Spend N Save Leic Limited is a live company located in walsall, WS4 2LA with a Companies House number of 13984716. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in March 2022, it's largest shareholder is bir singh garcha with a 25% stake. Spend N Save Leic Limited is a startup, small sized company, Pomanda has estimated its turnover at £1.1m with unknown growth in recent years.
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Spend N Save Leic Limited Health Check
Pomanda's financial health check has awarded Spend N Save Leic Limited a 2 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
3 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£2m)
- Spend N Save Leic Limited
£2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Spend N Save Leic Limited
- - Industry AVG
Production
with a gross margin of 23.3%, this company has a comparable cost of product (23.3%)
- Spend N Save Leic Limited
23.3% - Industry AVG
Profitability
an operating margin of -2% make it less profitable than the average company (3.2%)
- Spend N Save Leic Limited
3.2% - Industry AVG
Employees
with 7 employees, this is below the industry average (25)
7 - Spend N Save Leic Limited
25 - Industry AVG
Pay Structure
on an average salary of £16.7k, the company has an equivalent pay structure (£16.7k)
- Spend N Save Leic Limited
£16.7k - Industry AVG
Efficiency
resulting in sales per employee of £159.1k, this is more efficient (£124.1k)
- Spend N Save Leic Limited
£124.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Spend N Save Leic Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (29 days)
- Spend N Save Leic Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is more than average (20 days)
- Spend N Save Leic Limited
20 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (21 weeks)
6 weeks - Spend N Save Leic Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.3%, this is a higher level of debt than the average (65.4%)
110.3% - Spend N Save Leic Limited
65.4% - Industry AVG
SPEND N SAVE LEIC LIMITED financials
Spend N Save Leic Limited's latest turnover from April 2023 is estimated at £1.1 million and the company has net assets of -£21.9 thousand. According to their latest financial statements, Spend N Save Leic Limited has 7 employees and maintains cash reserves of £31.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 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 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | |
|---|---|
| Tangible Assets | 42,225 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 42,225 |
| Stock & work in progress | 123,295 |
| Trade Debtors | 0 |
| Group Debtors | 0 |
| Misc Debtors | 17,104 |
| Cash | 31,400 |
| misc current assets | 0 |
| total current assets | 171,799 |
| total assets | 214,024 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 69,857 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 166,108 |
| total current liabilities | 235,965 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 235,965 |
| net assets | -21,941 |
| total shareholders funds | -21,941 |
| Apr 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 7,749 |
| Amortisation | 0 |
| Tax | |
| Stock | 123,295 |
| Debtors | 17,104 |
| Creditors | 69,857 |
| Accruals and Deferred Income | 166,108 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 31,400 |
| overdraft | 0 |
| change in cash | 31,400 |
spend n save leic limited Credit Report and Business Information
Spend N Save Leic Limited Competitor Analysis
Perform a competitor analysis for spend n save leic 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 WS4 area or any other competitors across 12 key performance metrics.
spend n save leic limited Ownership
SPEND N SAVE LEIC LIMITED group structure
Spend N Save Leic Limited has no subsidiary companies.
Ultimate parent company
SPEND N SAVE LEIC LIMITED
13984716
spend n save leic limited directors
Spend N Save Leic Limited currently has 4 directors. The longest serving directors include Mr Ravinder Garcha (Mar 2022) and Mr Ajaib Garcha (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ravinder Garcha | England | 42 years | Mar 2022 | - | Director |
| Mr Ajaib Garcha | 68 years | Mar 2022 | - | Director | |
| Mr Bir Garcha | United Kingdom | 59 years | Mar 2022 | - | Director |
| Mr Gurinder Garcha | United Kingdom | 34 years | Apr 2022 | - | Director |
P&L
April 2023turnover
1.1m
0%
operating profit
-22.7k
0%
gross margin
23.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-21.9k
0%
total assets
214k
0%
cash
31.4k
0%
net assets
Total assets minus all liabilities
Similar Companies
spend n save leic limited company details
company number
13984716
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
March 2022
age
3
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
N/A
accountant
DHILLON ACCOUNTANTS LIMITED
auditor
-
address
dhillon accountant ltd,, 21 hatherton street, walsall, west midlands, WS4 2LA
Bank
-
Legal Advisor
-
spend n save leic 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 did not find charges/mortgages relating to spend n save leic limited.
spend n save leic 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 SPEND N SAVE LEIC LIMITED. This can take several minutes, an email will notify you when this has completed.
spend n save leic limited Companies House Filings - See Documents
| date | description | view/download |
|---|
