necessary ltd
necessary ltd Company Information
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
128 city road, london, EC1V 2NX
Website
necessary.orgnecessary ltd Estimated Valuation
Pomanda estimates the enterprise value of NECESSARY LTD at £20.6k based on a Turnover of £86.2k and 0.24x industry multiple (adjusted for size and gross margin).
necessary ltd Estimated Valuation
Pomanda estimates the enterprise value of NECESSARY LTD at £0 based on an EBITDA of £-3.6k and a 2.83x industry multiple (adjusted for size and gross margin).
necessary ltd Estimated Valuation
Pomanda estimates the enterprise value of NECESSARY LTD at £0 based on Net Assets of £-6k and 2.14x industry multiple (adjusted for liquidity).
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Necessary Ltd Overview
Necessary Ltd is a live company located in london, EC1V 2NX with a Companies House number of 14136983. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in May 2022, it's largest shareholder is gagandeep kapoor with a 100% stake. Necessary Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £86.2k with unknown growth in recent years.
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Necessary Ltd Health Check
Pomanda's financial health check has awarded Necessary Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
7 Weak
Size
annual sales of £86.2k, make it smaller than the average company (£308.5k)
- Necessary Ltd
£308.5k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Necessary Ltd
- - Industry AVG
Production
with a gross margin of 19.5%, this company has a higher cost of product (36.1%)
- Necessary Ltd
36.1% - Industry AVG
Profitability
an operating margin of -4.2% make it less profitable than the average company (2.7%)
- Necessary Ltd
2.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Necessary Ltd
4 - Industry AVG
Pay Structure
on an average salary of £28.6k, the company has an equivalent pay structure (£28.6k)
- Necessary Ltd
£28.6k - Industry AVG
Efficiency
resulting in sales per employee of £86.2k, this is less efficient (£159.8k)
- Necessary Ltd
£159.8k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (22 days)
- Necessary Ltd
22 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Necessary Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Necessary Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Necessary Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 135.3%, this is a higher level of debt than the average (73.4%)
135.3% - Necessary Ltd
73.4% - Industry AVG
NECESSARY LTD financials
Necessary Ltd's latest turnover from May 2024 is estimated at £86.2 thousand and the company has net assets of -£6 thousand. According to their latest financial statements, Necessary Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 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 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | |
|---|---|---|
| Tangible Assets | ||
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | ||
| Stock & work in progress | ||
| Trade Debtors | 17,000 | 31,001 |
| Group Debtors | ||
| Misc Debtors | ||
| Cash | ||
| misc current assets | ||
| total current assets | 17,000 | 31,001 |
| total assets | 17,000 | 31,001 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 4,000 | |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 4,000 | |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | 14,000 | 29,410 |
| provisions | 9,000 | |
| total long term liabilities | 23,000 | 29,410 |
| total liabilities | 23,000 | 33,410 |
| net assets | -6,000 | -2,409 |
| total shareholders funds | -6,000 | -2,409 |
| May 2024 | May 2023 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | -14,001 | 31,001 |
| Creditors | -4,000 | 4,000 |
| Accruals and Deferred Income | ||
| Deferred Taxes & Provisions | 9,000 | |
| 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 | -15,410 | 29,410 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | ||
| overdraft | ||
| change in cash |
necessary ltd Credit Report and Business Information
Necessary Ltd Competitor Analysis
Perform a competitor analysis for necessary 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 EC1V area or any other competitors across 12 key performance metrics.
necessary ltd Ownership
NECESSARY LTD group structure
Necessary Ltd has no subsidiary companies.
Ultimate parent company
NECESSARY LTD
14136983
necessary ltd directors
Necessary Ltd currently has 1 director, Mr Gagandeep Kapoor serving since May 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gagandeep Kapoor | United Kingdom | 23 years | May 2022 | - | Director |
P&L
May 2024turnover
86.2k
-2%
operating profit
-3.6k
0%
gross margin
19.5%
-2.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
-6k
+1.49%
total assets
17k
-0.45%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
necessary ltd company details
company number
14136983
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
May 2022
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
128 city road, london, EC1V 2NX
Bank
-
Legal Advisor
-
necessary 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 necessary ltd.
necessary 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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necessary ltd Companies House Filings - See Documents
| date | description | view/download |
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