Failsworth Hats Limited

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failsworth hats limited Company Information

Live

MatureMidDeclining

Company Number

00079310

Next Accounts

Sep 2025

Industry

Manufacture of other wearing apparel and accessories

Directors

Dean Puleikis

James Settle

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Shareholders

failsworth trust

Group Structure

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Contact

Registered Address

windsor works hall street, oldham, greater manchester, OL4 1TD

Website

www.failsworth1903.com

failsworth hats limited Estimated Valuation

£9.4m

Pomanda estimates the enterprise value of FAILSWORTH HATS LIMITED at £9.4m based on Net Assets of £3.2m and 2.92x industry multiple (adjusted for liquidity).

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Failsworth Hats Limited is a live company located in greater manchester, OL4 1TD with a Companies House number of 00079310. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in December 1903, it's largest shareholder is failsworth trust with a 100% stake. Failsworth Hats Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Failsworth Hats Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5.6m, make it smaller than the average company (£10.6m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (10.2%)

EXPORT

Failsworth Hats Limited's latest turnover from December 2023 is estimated at £5.6 million and the company has net assets of £3.2 million. According to their latest financial statements, Failsworth Hats Limited has 24 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	5,601,816	13,867,832	10,775,886	7,772,775	8,580,615	13,643,799	11,677,702	10,501,964	9,775,978	8,352,003	5,380,923	6,811,373	7,355,226	6,654,811	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,613,700	8,770,696	7,198,282	5,294,083	5,657,719	9,088,115	7,850,008	6,991,545	7,429,262	6,118,571	3,831,858	4,814,821	5,051,792	4,281,342	0
Gross Profit	1,988,116	5,097,136	3,577,604	2,478,692	2,922,897	4,555,683	3,827,695	3,510,419	2,346,716	2,233,432	1,549,065	1,996,552	2,303,434	2,373,469	0
Admin Expenses	1,900,543	4,664,718	3,305,964	2,791,389	2,670,197	4,151,462	3,581,256	2,931,726	1,921,655	1,828,649	1,205,538	3,085,136	2,303,361	2,126,259	-2,556,383
Operating Profit	87,573	432,418	271,640	-312,697	252,700	404,221	246,439	578,693	425,061	404,783	343,527	-1,088,584	73	247,210	2,556,383
Interest Payable	0	0	0	45	25,346	83,273	90,911	92,280	73,481	60,000	43,477	71,551	55,130	44,097	0
Interest Receivable	34,725	10,160	751	465	1,438	2,916	1,060	604	0	0	0	0	0	0	234
Pre-Tax Profit	122,299	442,578	272,391	-312,277	228,793	323,864	156,589	487,016	351,580	344,783	299,467	-1,160,135	399	217,996	2,556,617
Tax	-30,575	-84,090	-51,754	0	-43,471	-61,534	-29,752	-97,403	-74,364	-68,274	-63,617	198,783	1,265	107,699	-715,853
Profit After Tax	91,724	358,488	220,637	-312,277	185,322	262,330	126,837	389,613	277,216	276,509	235,850	-961,352	1,664	325,695	1,840,764
Dividends Paid	0	0	0	0	0	0	0	0	35,000	30,000	0	28,000	10,000	15,000	0
Retained Profit	91,724	358,488	220,637	-312,277	185,322	262,330	126,837	389,613	242,216	246,509	235,850	-989,352	-8,336	310,695	1,840,764
Employee Costs	872,662	707,861	671,426	937,266	978,320	1,005,030	1,031,866	1,048,323	1,424,751	1,313,003	808,576	1,587,709	1,326,114	1,319,534	0
Number Of Employees	24	23	21	30	32	33	35	35	36	34	32	54	52	52	0
EBITDA*	113,074	450,673	290,267	-299,305	266,856	419,569	269,346	602,619	458,717	451,133	370,564	-1,040,006	68,202	301,929	2,596,790

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	220,149	245,650	228,996	224,974	211,544	218,662	229,960	236,370	247,223	266,032	279,119	257,854	339,192	334,627	353,789
Intangible Assets	0	0	0	0	0	0	0	0	0	667	1,667	2,417	3,417	4,417	5,417
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	583	583	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	102,009	140,691	0	298,269	163,103	158,933	51,234
Total Fixed Assets	220,149	245,650	228,996	224,974	211,544	218,662	229,960	236,370	349,232	407,390	280,786	559,123	506,295	497,977	410,440
Stock & work in progress	1,567,674	1,032,780	719,845	1,086,249	1,140,790	923,473	809,363	972,388	874,581	857,593	782,893	944,158	1,441,772	982,924	941,783
Trade Debtors	874,628	3,993,493	2,494,887	1,517,517	2,585,312	3,362,743	3,575,121	3,025,091	3,454,548	3,327,436	2,080,596	1,174,383	1,552,742	992,642	1,254,738
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	42,265	104,797	0	0
Misc Debtors	152,837	93,290	81,680	153,518	92,313	64,944	61,986	111,021	130,308	170,437	385,687	101,212	139,004	104,804	0
Cash	1,142,994	179,881	723,225	779,200	151,252	232,182	545,357	302,894	180,173	253,501	117,934	152,144	119,992	199,151	93,578
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	177,973	170,023
total current assets	3,738,133	5,299,444	4,019,637	3,536,484	3,969,667	4,583,342	4,991,827	4,411,394	4,639,610	4,608,967	3,367,110	2,414,162	3,358,307	2,457,494	2,460,122
total assets	3,958,282	5,545,094	4,248,633	3,761,458	4,181,211	4,802,004	5,221,787	4,647,764	4,988,842	5,016,357	3,647,896	2,973,285	3,864,602	2,955,471	2,870,562
Bank overdraft	0	0	0	0	1,488	749,494	1,717,840	1,191,306	1,761,666	0	0	37,898	117,925	0	0
Bank loan	0	0	0	0	0	0	0	0	0	232,244	173,347	0	0	0	0
Trade Creditors	462,383	1,374,191	828,564	856,215	449,030	643,679	544,713	621,766	320,103	392,015	309,452	278,346	396,936	179,240	997,925
Group/Directors Accounts	0	0	0	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	1,772,556	1,083,196	775,536	858,277	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	23,299	23,448	19,948	7,000	16,350	5,398	0
other current liabilities	269,204	1,031,760	642,730	349,947	863,120	726,580	539,313	535,389	970,574	826,310	501,649	435,275	293,949	592,899	0
total current liabilities	731,587	2,405,951	1,471,294	1,206,162	1,313,638	2,119,753	2,801,866	2,348,461	3,075,642	3,246,573	2,087,592	1,534,055	1,683,437	777,537	997,925
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	6,219	9,729	20,030	31,300	584	12,917	1,350	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,748
provisions	550	4,722	1,406	0	0	0	0	0	0	88,499	114,258	259,750	0	0	0
total long term liabilities	550	4,722	1,406	0	0	0	0	6,219	9,729	108,529	145,558	260,334	12,917	1,350	6,748
total liabilities	732,137	2,410,673	1,472,700	1,206,162	1,313,638	2,119,753	2,801,866	2,354,680	3,085,371	3,355,102	2,233,150	1,794,389	1,696,354	778,887	1,004,673
net assets	3,226,145	3,134,421	2,775,933	2,555,296	2,867,573	2,682,251	2,419,921	2,293,084	1,903,471	1,661,255	1,414,746	1,178,896	2,168,248	2,176,584	1,865,889
total shareholders funds	3,226,145	3,134,421	2,775,933	2,555,296	2,867,573	2,682,251	2,419,921	2,293,084	1,903,471	1,661,255	1,414,746	1,178,896	2,168,248	2,176,584	1,865,889

	Dec 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	87,573	432,418	271,640	-312,697	252,700	404,221	246,439	578,693	425,061	404,783	343,527	-1,088,584	73	247,210	2,556,383
Depreciation	25,501	18,255	18,627	13,392	14,156	15,348	22,907	23,926	32,989	45,350	26,287	47,578	67,129	53,719	36,957
Amortisation	0	0	0	0	0	0	0	0	667	1,000	750	1,000	1,000	1,000	3,450
Tax	-30,575	-84,090	-51,754	0	-43,471	-61,534	-29,752	-97,403	-74,364	-68,274	-63,617	198,783	1,265	107,699	-715,853
Stock	534,894	312,935	-366,404	-54,541	217,317	114,110	-163,025	97,807	16,988	74,700	-161,265	-497,614	458,848	41,141	941,783
Debtors	-3,059,318	1,510,216	905,532	-1,006,590	-750,062	-209,420	500,995	-550,753	48,301	1,172,281	850,154	-343,517	703,267	-49,593	1,305,972
Creditors	-911,808	545,627	-27,651	407,185	-194,649	98,966	-77,053	301,663	-71,912	82,563	31,106	-118,590	217,696	-818,685	997,925
Accruals and Deferred Income	-762,556	389,030	292,783	-513,173	136,540	187,267	3,924	-435,185	144,264	324,661	66,374	141,326	-298,950	592,899	0
Deferred Taxes & Provisions	-4,172	3,316	1,406	0	0	0	0	0	-88,499	-25,759	-145,492	259,750	0	0	0
Cash flow from operations	928,387	-518,595	-34,077	655,838	698,021	739,578	-171,505	824,640	302,917	-482,657	-429,954	282,394	-1,173,902	192,294	631,107
Investing Activities
capital expenditure	0	-34,909	-22,649	-26,822	-7,038	-4,050	-16,497	-13,073	0	15,000	4,148	13,120	-35,921	-34,490	-399,613
Change in Investments	0	0	0	0	0	0	0	0	0	0	-583	0	583	0	0
cash flow from investments	0	-34,909	-22,649	-26,822	-7,038	-4,050	-16,497	-13,073	0	15,000	4,731	13,120	-36,504	-34,490	-399,613
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-232,244	58,897	173,347	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	-1,772,556	689,360	307,660	-82,741	858,277	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-6,219	-26,809	-10,450	-7,770	43,664	-21,683	22,519	6,748	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	-6,748	6,748
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,125
interest	34,725	10,160	751	420	-23,908	-80,357	-89,851	-91,676	-73,481	-60,000	-43,477	-71,551	-55,130	-44,097	234
cash flow from financing	34,725	10,160	751	420	-23,908	-80,357	-96,070	-118,485	-2,088,731	680,487	481,194	-175,975	825,666	-44,097	32,107
cash and cash equivalents
cash	963,113	-543,344	-55,975	627,948	-80,930	-313,175	242,463	122,721	-73,328	135,567	-34,210	32,152	-79,159	105,573	93,578
overdraft	0	0	0	-1,488	-748,006	-968,346	526,534	-570,360	1,761,666	0	-37,898	-80,027	117,925	0	0
change in cash	963,113	-543,344	-55,975	629,436	667,076	655,171	-284,071	693,081	-1,834,994	135,567	3,688	112,179	-197,084	105,573	93,578

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FAILSWORTH HATS LIMITED group structure

Failsworth Hats Limited has no subsidiary companies.

Ultimate parent company

FAILSWORTH HATS LIMITED

00079310

FAILSWORTH HATS LIMITED Shareholders

failsworth trust

100%

Failsworth Hats Limited currently has 3 directors. The longest serving directors include Mr Dean Puleikis (Jan 2008) and Mr James Settle (Aug 2013).

officer	country	age	start	end	role
Mr Dean Puleikis	United Kingdom	58 years	Jan 2008	-	Director
Mr James Settle	United Kingdom	47 years	Aug 2013	-	Director
Tammara Gunn	United Kingdom	54 years	Oct 2024	-	Director

P&L

December 2023

turnover

5.6m

-60%

operating profit

87.6k

gross margin

35.5%

-3.44%

turnover

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

Balance Sheet

December 2023

net assets

3.2m

+0.03%

total assets

-0.29%

cash

1.1m

+5.35%

net assets

Total assets minus all liabilities

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company number

00079310

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

December 1903

ultimate parent company

None

previous names

N/A

address

windsor works hall street, oldham, greater manchester, OL4 1TD

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 9 charges/mortgages relating to failsworth hats limited. Currently there are 4 open charges and 5 have been satisfied in the past.

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failsworth hats limited Company Information

failsworth hats limited Estimated Valuation

failsworth hats limited Estimated Valuation

failsworth hats limited Estimated Valuation

Failsworth Hats Limited Overview

Failsworth Hats Limited Health Check

FAILSWORTH HATS LIMITED financials

failsworth hats limited Credit Report and Business Information

Failsworth Hats Limited Competitor Analysis

failsworth hats limited Ownership

failsworth hats limited directors

failsworth hats limited company details

failsworth hats limited Charges & Mortgages

failsworth hats limited Capital Raised & Share Issues BETA

failsworth hats limited Companies House Filings - See Documents