new tanning lounge ltd
new tanning lounge ltd Company Information
Company Number
14730181
Website
-Registered Address
18 town end field, witham, CM8 1EU
Industry
Hairdressing and other beauty treatment
Telephone
-
Next Accounts Due
July 2025
Group Structure
View All
Directors
Martin Banks1 Years
Shareholders
martin banks 50%
catrina banks 50%
new tanning lounge ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW TANNING LOUNGE LTD at £45.9k based on a Turnover of £70k and 0.66x industry multiple (adjusted for size and gross margin).
new tanning lounge ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW TANNING LOUNGE LTD at £0 based on an EBITDA of £-29.9k and a 3.57x industry multiple (adjusted for size and gross margin).
new tanning lounge ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW TANNING LOUNGE LTD at £0 based on Net Assets of £-29.9k and 4.9x industry multiple (adjusted for liquidity).
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New Tanning Lounge Ltd Overview
New Tanning Lounge Ltd is a live company located in witham, CM8 1EU with a Companies House number of 14730181. It operates in the hairdressing and other beauty treatment sector, SIC Code 96020. Founded in March 2023, it's largest shareholder is martin banks with a 50% stake. New Tanning Lounge Ltd is a new, micro sized company, Pomanda has estimated its turnover at £70k with unknown growth in recent years.
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New Tanning Lounge Ltd Health Check
Pomanda's financial health check has awarded New Tanning Lounge Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
5 Weak
Size
annual sales of £70k, make it in line with the average company (£83.2k)
- New Tanning Lounge Ltd
£83.2k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- New Tanning Lounge Ltd
- - Industry AVG
Production
with a gross margin of 50.3%, this company has a higher cost of product (76.5%)
- New Tanning Lounge Ltd
76.5% - Industry AVG
Profitability
an operating margin of -42.8% make it less profitable than the average company (6%)
- New Tanning Lounge Ltd
6% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - New Tanning Lounge Ltd
3 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has an equivalent pay structure (£14.1k)
- New Tanning Lounge Ltd
£14.1k - Industry AVG
Efficiency
resulting in sales per employee of £23.3k, this is less efficient (£36.6k)
- New Tanning Lounge Ltd
£36.6k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (34 days)
- New Tanning Lounge Ltd
34 days - Industry AVG
Creditor Days
its suppliers are paid after 822 days, this is slower than average (103 days)
- New Tanning Lounge Ltd
103 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- New Tanning Lounge Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - New Tanning Lounge Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 161.9%, this is a higher level of debt than the average (91.5%)
161.9% - New Tanning Lounge Ltd
91.5% - Industry AVG
NEW TANNING LOUNGE LTD financials
New Tanning Lounge Ltd's latest turnover from October 2023 is estimated at £70 thousand and the company has net assets of -£29.9 thousand. According to their latest financial statements, New Tanning Lounge Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 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
| Oct 2023 | |
|---|---|
| Tangible Assets | 30,252 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 30,252 |
| Stock & work in progress | 0 |
| Trade Debtors | 16,602 |
| Group Debtors | 0 |
| Misc Debtors | 1,553 |
| Cash | 0 |
| misc current assets | 0 |
| total current assets | 18,155 |
| total assets | 48,407 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 78,347 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 0 |
| total current liabilities | 78,347 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 78,347 |
| net assets | -29,940 |
| total shareholders funds | -29,940 |
| Oct 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | |
| Amortisation | |
| Tax | |
| Stock | 0 |
| Debtors | 18,155 |
| Creditors | 78,347 |
| Accruals and Deferred Income | 0 |
| 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 | 0 |
| overdraft | 0 |
| change in cash | 0 |
new tanning lounge ltd Credit Report and Business Information
New Tanning Lounge Ltd Competitor Analysis
Perform a competitor analysis for new tanning lounge ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in CM8 area or any other competitors across 12 key performance metrics.
new tanning lounge ltd Ownership
NEW TANNING LOUNGE LTD group structure
New Tanning Lounge Ltd has no subsidiary companies.
Ultimate parent company
NEW TANNING LOUNGE LTD
14730181
new tanning lounge ltd directors
New Tanning Lounge Ltd currently has 1 director, Mr Martin Banks serving since Mar 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Banks | England | 60 years | Mar 2023 | - | Director |
P&L
October 2023turnover
70k
0%
operating profit
-29.9k
0%
gross margin
50.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-29.9k
0%
total assets
48.4k
0%
cash
0
0%
net assets
Total assets minus all liabilities
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new tanning lounge ltd company details
company number
14730181
Type
Private limited with Share Capital
industry
96020 - Hairdressing and other beauty treatment
incorporation date
March 2023
age
1
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
RICKARD
auditor
-
address
18 town end field, witham, CM8 1EU
Bank
-
Legal Advisor
-
new tanning lounge 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 new tanning lounge ltd.
new tanning lounge ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
