Sykes Bathrooms Limited

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sykes bathrooms limited Company Information

Live

EstablishedSmallDeclining

Company Number

NI604806

Next Accounts

88 days late

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Directors

David Sykes

Michael Sykes

Shareholders

michael john sykes

david sykes

Group Structure

View All

Contact

Registered Address

248 upper newtownards road, belfast, BT4 3EU

Website

www.sykesbathrooms.com

sykes bathrooms limited Estimated Valuation

£238.3k

Pomanda estimates the enterprise value of SYKES BATHROOMS LIMITED at £238.3k based on Net Assets of £75.4k and 3.16x industry multiple (adjusted for liquidity).

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Sykes Bathrooms Limited is a live company located in belfast, BT4 3EU with a Companies House number of NI604806. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in October 2010, it's largest shareholder is michael john sykes with a 50% stake. Sykes Bathrooms Limited is a established, small sized company, Pomanda has estimated its turnover at £668.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Sykes Bathrooms 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

Health Rating2out of 5

1 Strong

3 Regular

6 Weak

Size

annual sales of £668.2k, make it smaller than the average company (£6.2m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4%)

EXPORT

Sykes Bathrooms Limited's latest turnover from November 2022 is estimated at £668.2 thousand and the company has net assets of £75.4 thousand. According to their latest financial statements, Sykes Bathrooms Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Turnover	668,237	1,029,789	1,061,125	1,102,126	1,739,997	1,317,720	1,686,179	434,386	404,435	608,344	115,143	116,593
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	466,516	754,083	770,030	803,859	1,236,652	936,926	1,229,626	316,407	304,809	445,277	83,625	84,457
Gross Profit	201,721	275,706	291,095	298,267	503,344	380,794	456,554	117,979	99,626	163,067	31,518	32,136
Admin Expenses	181,819	257,079	277,714	283,750	489,714	373,217	452,132	119,667	99,371	162,291	31,522	31,030
Operating Profit	19,902	18,627	13,381	14,517	13,630	7,577	4,422	-1,688	255	776	-4	1,106
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	108	324	269	217	159	102
Pre-Tax Profit	19,902	18,627	13,381	14,517	13,630	7,577	4,530	-1,364	524	994	155	1,208
Tax	-3,781	-3,539	-2,542	-2,758	-2,590	-1,440	-906	0	-110	-229	-37	-314
Profit After Tax	16,121	15,088	10,839	11,759	11,040	6,137	3,624	-1,364	414	765	118	894
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	16,121	15,088	10,839	11,759	11,040	6,137	3,624	-1,364	414	765	118	894
Employee Costs	140,192	133,811	130,236	132,682	197,065	147,969	186,834	59,949	39,914	59,400	20,252	18,013
Number Of Employees	6	6	6	6	9	7	9	3	2	3	1	1
EBITDA*	19,902	18,627	13,381	14,517	13,630	7,577	4,422	-866	1,077	1,598	818	1,928

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Tangible Assets	0	0	0	0	0	0	0	4,110	4,932	5,754	6,576	7,398
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	4,110	4,932	5,754	6,576	7,398
Stock & work in progress	0	0	0	0	0	0	0	172,440	164,005	64,240	75,610	11,225
Trade Debtors	194,747	351,241	326,715	323,038	371,503	272,014	288,786	11,849	15,230	88,904	10,362	6,849
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	86,241	43,504	64,197	22,613	40,992
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	194,747	351,241	326,715	323,038	371,503	272,014	288,786	270,530	222,739	217,341	108,585	59,066
total assets	194,747	351,241	326,715	323,038	371,503	272,014	288,786	274,640	227,671	223,095	115,161	66,464
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	119,312	291,927	282,489	289,651	349,875	261,426	284,335	271,620	225,478	221,316	0	65,568
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	119,312	291,927	282,489	289,651	349,875	261,426	284,335	271,620	225,478	221,316	0	65,568
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	114,147	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	114,147	0
total liabilities	119,312	291,927	282,489	289,651	349,875	261,426	284,335	271,620	225,478	221,316	114,147	65,568
net assets	75,435	59,314	44,226	33,387	21,628	10,588	4,451	3,020	2,193	1,779	1,014	896
total shareholders funds	75,435	59,314	44,226	33,387	21,628	10,588	4,451	3,020	2,193	1,779	1,014	896

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Operating Activities
Operating Profit	19,902	18,627	13,381	14,517	13,630	7,577	4,422	-1,688	255	776	-4	1,106
Depreciation	0	0	0	0	0	0	0	822	822	822	822	822
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,781	-3,539	-2,542	-2,758	-2,590	-1,440	-906	0	-110	-229	-37	-314
Stock	0	0	0	0	0	0	-172,440	8,435	99,765	-11,370	64,385	11,225
Debtors	-156,494	24,526	3,677	-48,465	99,489	-16,772	276,937	-3,381	-73,674	78,542	3,513	6,849
Creditors	-172,615	9,438	-7,162	-60,224	88,449	-22,909	12,715	46,142	4,162	221,316	-65,568	65,568
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	0	-88,266	40,222	-20,962	155,513	-132,685	49,108
Investing Activities
capital expenditure	0	0	0	0	0	0	4,110	0	0	0	0	-8,220
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	4,110	0	0	0	0	-8,220
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-114,147	114,147	0
share issue	0	0	0	0	0	0	-2,193	2,191	0	0	0	2
interest	0	0	0	0	0	0	108	324	269	217	159	102
cash flow from financing	0	0	0	0	0	0	-2,085	2,515	269	-113,930	114,306	104
cash and cash equivalents
cash	0	0	0	0	0	0	-86,241	42,737	-20,693	41,584	-18,379	40,992
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-86,241	42,737	-20,693	41,584	-18,379	40,992

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sykes bathrooms 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 BT4 area or any other competitors across 12 key performance metrics.

SYKES BATHROOMS LIMITED group structure

Sykes Bathrooms Limited has no subsidiary companies.

Ultimate parent company

SYKES BATHROOMS LIMITED

NI604806

SYKES BATHROOMS LIMITED Shareholders

michael john sykes	50%
david sykes	50%

Sykes Bathrooms Limited currently has 2 directors. The longest serving directors include Mr David Sykes (Oct 2010) and Mr Michael Sykes (Oct 2010).

officer	country	age	start	end	role
Mr David Sykes	Northern Ireland	61 years	Oct 2010	-	Director
Mr Michael Sykes	United Kingdom	37 years	Oct 2010	-	Director

P&L

November 2022

turnover

668.2k

-35%

operating profit

19.9k

gross margin

30.2%

+12.75%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2022

net assets

75.4k

+0.27%

total assets

194.7k

-0.45%

cash

net assets

Total assets minus all liabilities

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company number

NI604806

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

October 2010

ultimate parent company

None

previous names

N/A

address

248 upper newtownards road, belfast, BT4 3EU

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 sykes bathrooms limited.

sykes bathrooms limited Company Information

sykes bathrooms limited Estimated Valuation

sykes bathrooms limited Estimated Valuation

sykes bathrooms limited Estimated Valuation

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