Invercoast Limited

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invercoast limited Company Information

Live

MatureMidHealthy

Company Number

SC273412

Website

www.tlcpharmacy.co.uk

Registered Address

168 bath street, glasgow, G2 4TP

Industry

Dispensing chemist in specialised stores

Telephone

01475639438

Next Accounts Due

October 2024

Group Structure

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Directors

James Semple19 Years

Brendan Semple19 Years

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Shareholders

lisa helene semple 25%

brendan john semple 25%

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invercoast limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of INVERCOAST LIMITED at £5.1m based on Net Assets of £2.2m and 2.3x industry multiple (adjusted for liquidity).

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Invercoast Limited is a live company located in glasgow, G2 4TP with a Companies House number of SC273412. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in September 2004, it's largest shareholder is lisa helene semple with a 25% stake. Invercoast Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Invercoast Limited a 3 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 Rating3out of 5

2 Strong

6 Regular

4 Weak

Size

annual sales of £6.7m, make it smaller than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.2%)

EXPORT

Invercoast Limited's latest turnover from January 2023 is estimated at £6.7 million and the company has net assets of £2.2 million. According to their latest financial statements, Invercoast Limited has 80 employees and maintains cash reserves of £205.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	6,726,773	5,616,575	5,267,463	4,686,685	4,701,309	4,222,689	3,942,814	4,256,393	4,811,992	4,984,675	3,354,078	3,740,255	2,942,811	3,332,789
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,557,134	3,804,976	3,678,760	3,327,134	3,299,312	2,934,285	2,698,424	2,958,619	3,352,946	3,441,177	2,347,849	2,652,215	2,065,387	2,303,831
Gross Profit	2,169,638	1,811,599	1,588,703	1,359,551	1,401,997	1,288,404	1,244,390	1,297,774	1,459,046	1,543,497	1,006,229	1,088,040	877,425	1,028,958
Admin Expenses	2,344,563	1,637,355	1,192,148	1,087,254	1,150,956	898,544	1,301,867	1,287,431	1,618,596	1,220,717	-55,534	818,959	830,750	579,910
Operating Profit	-174,925	174,244	396,555	272,297	251,041	389,860	-57,477	10,343	-159,550	322,780	1,061,763	269,081	46,675	449,048
Interest Payable	32,258	27,534	32,044	41,469	45,331	43,855	44,784	24,531	0	0	0	0	0	0
Interest Receivable	9,863	1,414	596	3,254	3,948	2,428	648	850	1,519	2,337	1,515	344	343	224
Pre-Tax Profit	-197,320	148,123	365,107	234,081	209,658	348,432	-101,613	-13,338	-158,031	325,117	1,063,278	269,426	47,018	449,272
Tax	0	-28,143	-69,370	-44,475	-39,835	-66,202	0	0	0	-74,777	-255,187	-70,051	-13,165	-125,796
Profit After Tax	-197,320	119,980	295,737	189,606	169,823	282,230	-101,613	-13,338	-158,031	250,340	808,091	199,375	33,853	323,476
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-197,320	119,980	295,737	189,606	169,823	282,230	-101,613	-13,338	-158,031	250,340	808,091	199,375	33,853	323,476
Employee Costs	1,742,930	1,439,896	1,369,974	1,306,582	1,327,312	1,151,485	1,163,826	1,098,001	728,892	758,058	471,867	488,300	388,488	426,103
Number Of Employees	80	71	71	70	72	64	66	63	42	44	28	29	23	25
EBITDA*	-84,434	281,064	476,710	333,908	313,816	436,002	-17,467	59,476	-119,669	378,356	1,105,705	317,033	95,287	484,964

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	350,574	413,224	312,632	175,251	192,621	101,880	686,413	750,228	712,388	616,430	631,280	624,913	524,397	376,323
Intangible Assets	667,300	687,040	706,780	907,577	931,341	955,104	978,868	1,304,274	765,220	783,760	802,300	820,840	839,380	835,538
Investments & Other	1,015,584	1,012,104	925,104	925,104	925,104	859,360	162,500	162,500	162,500	99,000	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,033,458	2,112,368	1,944,516	2,007,932	2,049,066	1,916,344	1,827,781	2,217,002	1,640,108	1,499,190	1,433,580	1,445,753	1,363,777	1,211,861
Stock & work in progress	351,284	459,073	393,967	403,636	403,587	426,301	343,802	388,316	369,336	338,354	283,424	292,725	240,980	248,025
Trade Debtors	661,907	504,227	486,857	445,475	411,703	403,190	306,288	309,710	629,967	756,854	501,789	498,569	342,341	401,963
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	369,079	311,631	441,904	241,386	253,393	159,275	141,057	255,820	0	0	0	0	0	0
Cash	205,536	358,051	773,470	418,914	448,757	604,039	367,022	151,231	188,588	418,845	515,819	89,982	47,791	89,493
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,587,806	1,632,982	2,096,198	1,509,411	1,517,440	1,592,805	1,158,169	1,105,077	1,187,891	1,514,053	1,301,032	881,276	631,112	739,481
total assets	3,621,264	3,745,350	4,040,714	3,517,343	3,566,506	3,509,149	2,985,950	3,322,079	2,827,999	3,013,243	2,734,612	2,327,029	1,994,889	1,951,342
Bank overdraft	0	0	0	0	113,588	82,143	0	0	0	0	0	0	0	0
Bank loan	120,106	95,188	107,819	119,755	0	0	0	0	0	0	0	0	0	0
Trade Creditors	858,246	712,744	796,932	702,266	644,807	607,897	535,815	682,152	777,833	881,972	755,881	1,058,596	865,056	964,756
Group/Directors Accounts	0	0	0	0	0	26,047	130,734	17,745	0	0	0	0	0	0
other short term finances	0	0	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	0	0
other current liabilities	190,654	149,253	418,695	252,455	429,635	579,727	298,947	423,625	0	0	0	0	0	0
total current liabilities	1,169,006	957,185	1,323,446	1,074,476	1,188,030	1,295,814	965,496	1,123,522	777,833	881,972	755,881	1,058,596	865,056	964,756
loans	171,862	291,958	386,138	436,914	558,458	588,948	678,297	754,787	0	0	0	0	0	0
hp & lease commitments	0	0	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	0	0
other liabilities	4,171	6,916	0	0	0	0	0	0	593,058	516,132	613,932	711,725	772,500	663,106
provisions	74,012	89,758	51,577	22,137	25,808	0	0	0	0	0	0	0	0	0
total long term liabilities	250,045	388,632	437,715	459,051	584,266	588,948	678,297	754,787	593,058	516,132	613,932	711,725	772,500	663,106
total liabilities	1,419,051	1,345,817	1,761,161	1,533,527	1,772,296	1,884,762	1,643,793	1,878,309	1,370,891	1,398,104	1,369,813	1,770,321	1,637,556	1,627,862
net assets	2,202,213	2,399,533	2,279,553	1,983,816	1,794,210	1,624,387	1,342,157	1,443,770	1,457,108	1,615,139	1,364,799	556,708	357,333	323,480
total shareholders funds	2,202,213	2,399,533	2,279,553	1,983,816	1,794,210	1,624,387	1,342,157	1,443,770	1,457,108	1,615,139	1,364,799	556,708	357,333	323,480

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-174,925	174,244	396,555	272,297	251,041	389,860	-57,477	10,343	-159,550	322,780	1,061,763	269,081	46,675	449,048
Depreciation	70,751	87,080	60,415	37,848	39,012	22,379	16,247	19,214	21,341	21,136	25,402	29,412	27,454	19,262
Amortisation	19,740	19,740	19,740	23,763	23,763	23,763	23,763	29,919	18,540	34,440	18,540	18,540	21,158	16,654
Tax	0	-28,143	-69,370	-44,475	-39,835	-66,202	0	0	0	-74,777	-255,187	-70,051	-13,165	-125,796
Stock	-107,789	65,106	-9,669	49	-22,714	82,499	-44,514	18,980	30,982	54,930	-9,301	51,745	-7,045	248,025
Debtors	215,128	-112,903	241,900	21,765	102,631	115,120	-118,185	-64,437	-126,887	255,065	3,220	156,228	-59,622	401,963
Creditors	145,502	-84,188	94,666	57,459	36,910	72,082	-146,337	-95,681	-104,139	126,091	-302,715	193,540	-99,700	964,756
Accruals and Deferred Income	41,401	-269,442	166,240	-177,180	-150,092	280,780	-124,678	423,625	0	0	0	0	0	0
Deferred Taxes & Provisions	-15,746	38,181	29,440	-3,671	25,808	0	0	0	0	0	0	0	0	0
Cash flow from operations	-20,616	-14,731	465,455	144,227	106,690	525,043	-125,783	432,877	-127,903	119,675	553,884	232,549	49,089	673,936
Investing Activities
capital expenditure	-8,101	-187,672	-16,739	-20,477	-129,753	562,155	349,211	-626,027	-117,299	-22,186	-31,769	-129,928	-200,528	-1,247,777
Change in Investments	3,480	87,000	0	0	65,744	696,860	0	0	63,500	99,000	0	0	0	0
cash flow from investments	-11,581	-274,672	-16,739	-20,477	-195,497	-134,705	349,211	-626,027	-180,799	-121,186	-31,769	-129,928	-200,528	-1,247,777
Financing Activities
Bank loans	24,918	-12,631	-11,936	119,755	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-26,047	-104,687	112,989	17,745	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-120,096	-94,180	-50,776	-121,544	-30,490	-89,349	-76,490	754,787	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-2,745	6,916	0	0	0	0	0	-593,058	76,926	-97,800	-97,793	-60,775	109,394	663,106
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	4
interest	-22,395	-26,120	-31,448	-38,215	-41,383	-41,427	-44,136	-23,681	1,519	2,337	1,515	344	343	224
cash flow from financing	-120,318	-126,015	-94,160	-40,004	-97,920	-235,463	-7,637	155,793	78,445	-95,463	-96,278	-60,431	109,737	663,334
cash and cash equivalents
cash	-152,515	-415,419	354,556	-29,843	-155,282	237,017	215,791	-37,357	-230,257	-96,974	425,837	42,191	-41,702	89,493
overdraft	0	0	0	-113,588	31,445	82,143	0	0	0	0	0	0	0	0
change in cash	-152,515	-415,419	354,556	83,745	-186,727	154,874	215,791	-37,357	-230,257	-96,974	425,837	42,191	-41,702	89,493

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INVERCOAST LIMITED group structure

Invercoast Limited has 1 subsidiary company.

Ultimate parent company

INVERCOAST LIMITED

SC273412

1 subsidiary

ALDERGREEN LIMITED

SC391318

INVERCOAST LIMITED Shareholders

lisa helene semple	25%
brendan john semple	25%
claire marie semple	25%
james bernard semple	25%

Invercoast Limited currently has 4 directors. The longest serving directors include Mr James Semple (Sep 2004) and Mr Brendan Semple (Feb 2005).

officer	country	age	start	end	role
Mr James Semple	United Kingdom	57 years	Sep 2004	-	Director
Mr Brendan Semple	United Kingdom	51 years	Feb 2005	-	Director
Mrs Lisa Semple	Scotland	56 years	Dec 2019	-	Director
Mrs Claire Semple	United Kingdom	49 years	Dec 2019	-	Director

P&L

January 2023

turnover

6.7m

+20%

operating profit

-174.9k

gross margin

32.3%

turnover

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

Balance Sheet

January 2023

net assets

2.2m

-0.08%

total assets

3.6m

-0.03%

cash

205.5k

-0.43%

net assets

Total assets minus all liabilities

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company number

SC273412

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

September 2004

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

168 bath street, glasgow, G2 4TP

last accounts submitted

January 2023

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 found 4 charges/mortgages relating to invercoast limited. Currently there are 4 open charges and 0 have been satisfied in the past.

invercoast limited Company Information

invercoast limited Estimated Valuation

invercoast limited Estimated Valuation

invercoast limited Estimated Valuation

Invercoast Limited Overview

Invercoast Limited Health Check

INVERCOAST LIMITED financials

invercoast limited Credit Report and Business Information

Invercoast Limited Competitor Analysis

invercoast limited Ownership

invercoast limited directors

invercoast limited company details

invercoast limited Charges & Mortgages

invercoast limited Companies House Filings - See Documents