Comfort Seating Europe Ltd.

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comfort seating europe ltd. Company Information

Company Number

SC437630

Next Accounts

30 days late

Directors

Gareth Gillespie

Shareholders

yao-chuan wu

gareth gillespie

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Group Structure

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Industry

Wholesale of furniture, carpets and lighting equipment

Registered Address

6 miller road, ayr, KA7 2AY

Website

www.comfort.global

comfort seating europe ltd. Estimated Valuation

£463.4k

Pomanda estimates the enterprise value of COMFORT SEATING EUROPE LTD. at £463.4k based on a Turnover of £1.5m and 0.32x industry multiple (adjusted for size and gross margin).

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Comfort Seating Europe Ltd. is a live company located in ayr, KA7 2AY with a Companies House number of SC437630. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in November 2012, it's largest shareholder is yao-chuan wu with a 51% stake. Comfort Seating Europe Ltd. is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Comfort Seating Europe Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.3%)

EXPORT

Comfort Seating Europe Ltd.'s latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of -£1.5 million. According to their latest financial statements, Comfort Seating Europe Ltd. has 1 employee and maintains cash reserves of £830 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Turnover	1,462,109	1,531,640	2,688,743	3,108,180	3,099,219	3,305,276	3,674,572	80,829
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	1,062,010	1,090,768	1,912,882	2,215,629	2,167,574	2,381,355	2,592,718	57,813
Gross Profit	400,100	440,872	775,861	892,551	931,645	923,921	1,081,854	23,016
Admin Expenses	445,812	558,944	837,936	1,070,301	1,100,485	1,180,956	1,693,243	48,504
Operating Profit	-45,712	-118,072	-62,075	-177,750	-168,840	-257,035	-611,389	-25,488
Interest Payable	0	0	0	0	0	0	0	0
Interest Receivable	769	253	25	23	584	445	169	210
Pre-Tax Profit	-44,943	-117,819	-62,050	-177,727	-168,256	-256,590	-611,220	-25,278
Tax	0	0	0	0	0	0	0	0
Profit After Tax	-44,943	-117,819	-62,050	-177,727	-168,256	-256,590	-611,220	-25,278
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	-44,943	-117,819	-62,050	-177,727	-168,256	-256,590	-611,220	-25,278
Employee Costs	34,910	165,688	221,510	294,000	361,964	374,729	522,860	27,998
Number Of Employees	1	5	7	9	12	13	18	1
EBITDA*	-45,712	-112,288	-56,173	-171,727	-161,989	-235,506	-605,709	-8,572

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Tangible Assets	0	0	289,216	295,118	301,141	307,992	329,522	19,530
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	289,216	295,118	301,141	307,992	329,522	19,530
Stock & work in progress	191,664	196,654	249,066	276,824	313,653	419,576	778,591	0
Trade Debtors	2,768	6,719	54,307	103,358	193,920	210,269	25,880	0
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	470	454	8,040	11,113	166	9,693	118,686	59,521
Cash	830	35,335	32,188	17,609	29,189	126,425	51,581	83,893
misc current assets	0	0	0	0	0	0	0	0
total current assets	195,732	239,162	343,601	408,904	536,928	765,963	974,738	143,414
total assets	195,732	239,162	632,817	704,022	838,069	1,073,955	1,304,260	162,944
Bank overdraft	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	816,437	816,428	1,110,443	1,119,435	1,075,692	1,144,190	1,188,910	10,625
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	843,078	841,574	823,395	823,558	823,621	822,753	749,554	174,809
total current liabilities	1,659,515	1,658,002	1,933,838	1,942,993	1,899,313	1,966,943	1,938,464	185,434
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	2,194	2,688
total long term liabilities	0	0	0	0	0	0	2,194	2,688
total liabilities	1,659,515	1,658,002	1,933,838	1,942,993	1,899,313	1,966,943	1,940,658	188,122
net assets	-1,463,783	-1,418,840	-1,301,021	-1,238,971	-1,061,244	-892,988	-636,398	-25,178
total shareholders funds	-1,463,783	-1,418,840	-1,301,021	-1,238,971	-1,061,244	-892,988	-636,398	-25,178

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	-45,712	-118,072	-62,075	-177,750	-168,840	-257,035	-611,389	-25,488	0	0	0
Depreciation	0	5,784	5,902	6,023	6,851	21,529	5,680	16,916	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0
Stock	-4,990	-52,412	-27,758	-36,829	-105,923	-359,015	778,591	0	0	0	0
Debtors	-3,935	-55,174	-52,124	-79,615	-25,876	75,396	85,045	59,521	0	0	0
Creditors	9	-294,015	-8,992	43,743	-68,498	-44,720	1,178,285	10,625	0	0	0
Accruals and Deferred Income	1,504	18,179	-163	-63	868	73,199	574,745	174,809	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-2,194	-494	2,688	0	0	0
Cash flow from operations	-35,274	-280,538	14,554	-11,603	-97,820	74,398	283,191	120,029	0	0	0
Investing Activities
capital expenditure	0	283,432	0	0	0	1	-315,672	-36,446	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	283,432	0	0	0	1	-315,672	-36,446	0	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	100	0	0	0
interest	769	253	25	23	584	445	169	210	0	0	0
cash flow from financing	769	253	25	23	584	445	169	310	0	0	0
cash and cash equivalents
cash	-34,505	3,147	14,579	-11,580	-97,236	74,844	-32,312	83,893	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-34,505	3,147	14,579	-11,580	-97,236	74,844	-32,312	83,893	0	0	0

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 comfort seating europe ltd. by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in KA7 area or any other competitors across 12 key performance metrics.

COMFORT SEATING EUROPE LTD. group structure

Comfort Seating Europe Ltd. has no subsidiary companies.

Ultimate parent company

COMFORT SEATING EUROPE LTD.

SC437630

COMFORT SEATING EUROPE LTD. Shareholders

yao-chuan wu	51%
gareth gillespie	30%
chun-hsien ho	19%

Comfort Seating Europe Ltd. currently has 1 director, Mr Gareth Gillespie serving since Nov 2012.

officer	country	age	start	end	role
Mr Gareth Gillespie	Scotland	48 years	Nov 2012	-	Director

P&L

March 2023

turnover

1.5m

-5%

operating profit

-45.7k

gross margin

27.4%

-4.93%

turnover

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

Balance Sheet

March 2023

net assets

-1.5m

+0.03%

total assets

195.7k

-0.18%

cash

830

-0.98%

net assets

Total assets minus all liabilities

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company number

SC437630

Type

Private limited with Share Capital

industry

46470 - Wholesale of furniture, carpets and lighting equipment

incorporation date

November 2012

ultimate parent company

None

previous names

N/A

address

6 miller road, ayr, KA7 2AY

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comfort seating europe ltd. Company Information

comfort seating europe ltd. Estimated Valuation

comfort seating europe ltd. Estimated Valuation

comfort seating europe ltd. Estimated Valuation

Comfort Seating Europe Ltd. Overview

Comfort Seating Europe Ltd. Health Check

COMFORT SEATING EUROPE LTD. financials

comfort seating europe ltd. Credit Report and Business Information

Comfort Seating Europe Ltd. Competitor Analysis

comfort seating europe ltd. Ownership

comfort seating europe ltd. directors

comfort seating europe ltd. company details

comfort seating europe ltd. Charges & Mortgages

comfort seating europe ltd. Capital Raised & Share Issues BETA

comfort seating europe ltd. Companies House Filings - See Documents