Pomanda estimates the enterprise value of CHIP OFF THE OLD BLOCK LTD at £74.2k based on a Turnover of £99.9k and 0.74x industry multiple (adjusted for size and gross margin).
chip off the old block ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of CHIP OFF THE OLD BLOCK LTD at £0 based on an EBITDA of £-23.3k and a 4.68x industry multiple (adjusted for size and gross margin).
chip off the old block ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of CHIP OFF THE OLD BLOCK LTD at £0 based on Net Assets of £-25.6k and 2.49x industry multiple (adjusted for liquidity).
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Chip Off The Old Block LtdOverview
Chip Off The Old Block Ltd is a live company located in ebbw vale, NP23 5SH with a Companies House number of 14255831. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in July 2022, it's largest shareholder is
liam edward morgan
with a 50% stake. Chip Off The Old Block Ltd is a startup,
micro sized company, Pomanda has estimated its turnover at
£99.9k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Chip Off The Old Block Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
4 Regular
4 Weak
Size
annual sales of £99.9k, make it smaller than the average company (£148k)
£99.9k - Chip Off The Old Block Ltd
£148k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Chip Off The Old Block Ltd
- - Industry AVG
Production
with a gross margin of 54.1%, this company has a comparable cost of product (54.1%)
54.1% - Chip Off The Old Block Ltd
54.1% - Industry AVG
Profitability
an operating margin of -25.8% make it less profitable than the average company (3%)
-25.8% - Chip Off The Old Block Ltd
3% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (5)
4 - Chip Off The Old Block Ltd
5 - Industry AVG
Pay Structure
on an average salary of £11.4k, the company has an equivalent pay structure (£11.4k)
£11.4k - Chip Off The Old Block Ltd
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £25k, this is less efficient (£38.4k)
£25k - Chip Off The Old Block Ltd
£38.4k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (18 days)
12 days - Chip Off The Old Block Ltd
18 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is close to average (21 days)
20 days - Chip Off The Old Block Ltd
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Chip Off The Old Block Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 32 weeks, this is more cash available to meet short term requirements (22 weeks)
32 weeks - Chip Off The Old Block Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.9%, this is a higher level of debt than the average (83.9%)
133.9% - Chip Off The Old Block Ltd
83.9% - Industry AVG
CHIP OFF THE OLD BLOCK LTD financials
EXPORT
Chip Off The Old Block Ltd's latest turnover from July 2023 is estimated at £99.9 thousand and the company has net assets of -£25.6 thousand. According to their latest financial statements, Chip Off The Old Block Ltd has 4 employees and maintains cash reserves of £5.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2023
Turnover
99,946
Other Income Or Grants
Cost Of Sales
45,837
Gross Profit
54,109
Admin Expenses
79,865
Operating Profit
-25,756
Interest Payable
Interest Receivable
132
Pre-Tax Profit
-25,624
Tax
Profit After Tax
-25,624
Dividends Paid
Retained Profit
-25,624
Employee Costs
45,459
Number Of Employees
4
EBITDA*
-23,306
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2023
Tangible Assets
66,921
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
66,921
Stock & work in progress
Trade Debtors
3,374
Group Debtors
Misc Debtors
Cash
5,287
misc current assets
total current assets
8,661
total assets
75,582
Bank overdraft
Bank loan
Trade Creditors
2,602
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
5,818
total current liabilities
8,420
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
92,786
provisions
total long term liabilities
92,786
total liabilities
101,206
net assets
-25,624
total shareholders funds
-25,624
Jul 2023
Operating Activities
Operating Profit
-25,756
Depreciation
2,450
Amortisation
Tax
Stock
Debtors
3,374
Creditors
2,602
Accruals and Deferred Income
5,818
Deferred Taxes & Provisions
Cash flow from operations
-18,260
Investing Activities
capital expenditure
-69,371
Change in Investments
cash flow from investments
-69,371
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
92,786
share issue
interest
132
cash flow from financing
92,918
cash and cash equivalents
cash
5,287
overdraft
change in cash
5,287
chip off the old block ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for chip off the old block ltd. Get real-time insights into chip off the old block ltd's credit score, group structure and payment trends.
Perform a competitor analysis for chip off the old block ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in NP23 area or any other competitors across 12 key performance metrics.
chip off the old block ltd Ownership
CHIP OFF THE OLD BLOCK LTD group structure
Chip Off The Old Block Ltd has no subsidiary companies.
Ultimate parent company
CHIP OFF THE OLD BLOCK LTD
14255831
CHIP OFF THE OLD BLOCK LTD Shareholders
The largest shareholders in Chip Off The Old Block Ltd include Liam Edward Morgan and Melvyn John Jones.
liam edward morgan
50%
melvyn john jones
50%
chip off the old block ltd directors
Chip Off The Old Block Ltd currently has 2 directors.
The longest serving directors include
Mr Melvyn Jones (Jul 2022) and
Mr Liam Morgan (Mar 2023).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023
net assets
-25.6k
0%
total assets
75.6k
0%
cash
5.3k
0%
net assets
Total assets minus all liabilities
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chip off the old block ltd company details
company number
14255831
Type
Private limited with Share Capital
industry
56103 - Take away food shops and mobile food stands
incorporation date
July 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
39 rassau road, rassau, ebbw vale, NP23 5SH
Bank
-
Legal Advisor
-
chip off the old block 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 chip off the old block ltd.
chip off the old block 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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chip off the old block ltdCompanies House Filings - See Documents
