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David Phillips Furniture Ltd

03670521

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

C/O INTERPATH LTD, 10, LONDON, EC4M 7RB
Incorporated 19/11/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47599
Retail sale of furniture, lighting equipment and other household articles

Officers

Mr Michael Edward Hall

director · Since 24/06/2024

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 12 other boards

Mr Benjamin Peter Munn

director · Since 10/03/2025

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 3 other boards

Persons with Significant Control

Occam Wile Limited

75–100% shares

4th Floor Imperial House, 15 Kingsway, London, WC2B 6UN

Reg: 05397921 · England & Wales · Limited

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

HAMSARD 3463 LIMITED

Created 29/06/2018Registered 13/07/2018
Charge
outstanding

HSBC BANK PLC

Created 18/12/2017Registered 20/12/2017
Charge
outstanding

EPIC PRIVATE EQUITY LIMITED

Created 18/12/2017Registered 19/12/2017
Charge
outstanding

HAMSARD 3463 LIMITED

Created 18/12/2017Registered 19/12/2017
Charge
outstanding

HSBC BANK PLC

Created 13/07/2015Registered 24/07/2015
charge
outstanding

HSBC BANK PLC

Created 10/07/2009Registered 14/07/2009
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 18/04/2005Registered 20/04/2005Satisfied 16/07/2009
charge
satisfied

HSBC BANK PLC

Created 04/05/2000Registered 09/05/2000Satisfied 07/06/2005

CompanyRankvs 50530+ SIC 47599 peers
27

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.38× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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5053David Phillips Furniture Ltd
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

continue to help the group build / maintain headroom. As a result of these matters, there is a material uncertainty that may cast significant doubt upon the wider group's ability to continue as a going concern. The directors have taken steps to enhance the monitoring of this risk and improve cash generation to mitigate. The directors remain confident the wider group will continue to operate wi

Key FinancialsYear ending 31/03/2024

Turnover

£28.4M

Annual revenue

Net Worth

-£16.6M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

£2.3M

Bottom line earnings

Net Current Assets

-£16.4M

Working capital

Current Assets

£10.1M

Current Liabilities

£26.5M

Fixed Assets

£328k

Debtors

£7.0M

Cost of Sales

£17.1M

Gross Profit

£11.3M

Admin Expenses

£11.5M

Operating Profit

£2.3M

Profit After Tax

£2.3M

192avg. employees

People Costs

Wages & salaries£8.1M
NI contributions£996k

Balance Sheet

Intangible assets£108k
Assets less current liabilities-£16.1M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20240.38

Derived from filed accounts. Not audited figures.