Work In Style Limited

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SOLUTIONS

work in style limited Company Information

Live

MatureSmallDeclining

Company Number

00299255

Website

www.workinstyle.com

Registered Address

1st floor, hunter house, holloway drive, manchester, M28 2LA

Industry

Wholesale of clothing and footwear

Telephone

441614774438

Next Accounts Due

January 2025

Group Structure

View All

Directors

Malcolm MacLeod8 Years

Simon Purcell8 Years

Shareholders

wis clothing group holdings ltd 100%

work in style limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of WORK IN STYLE LIMITED at £1.6m based on a Turnover of £4.9m and 0.32x industry multiple (adjusted for size and gross margin).

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Work In Style Limited is a live company located in manchester, M28 2LA with a Companies House number of 00299255. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in April 1935, it's largest shareholder is wis clothing group holdings ltd with a 100% stake. Work In Style Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Work In Style Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

9 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£16.4m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WORK IN STYLE LIMITED group structure

Work In Style Limited has no subsidiary companies.

Ultimate parent company

PURCELL HOLDINGS LIMITED

05533002

WIS CLOTHING GROUP HOLDINGS LIMITED

07052041

2 parents

WORK IN STYLE LIMITED

00299255

WORK IN STYLE LIMITED Shareholders

wis clothing group holdings ltd

100%

Work In Style Limited currently has 2 directors. The longest serving directors include Mr Malcolm MacLeod (Feb 2016) and Mr Simon Purcell (Feb 2016).

officer	country	age	start	end	role
Mr Malcolm MacLeod	England	66 years	Feb 2016	-	Director
Mr Simon Purcell	England	59 years	Feb 2016	-	Director

EXPORT

Work In Style Limited's latest turnover from April 2023 is estimated at £4.9 million and the company has net assets of -£526.3 thousand. According to their latest financial statements, Work In Style Limited has 28 employees and maintains cash reserves of £7.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	May 2017	May 2016	May 2015	May 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,944,325	5,646,995	4,738,816	6,157,928	4,477,097	3,473,872	3,290,252	3,611,588	5,583,722	5,542,470	8,269,462	6,931,241	4,302,825	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,369,974	3,784,993	3,330,554	4,240,864	3,111,795	2,432,660	2,305,028	2,545,336	3,918,036	3,817,429	5,729,502	4,872,172	2,984,015	0
Gross Profit	1,574,351	1,862,002	1,408,262	1,917,065	1,365,302	1,041,212	985,223	1,066,252	1,665,686	1,725,041	2,539,960	2,059,068	1,318,810	0
Admin Expenses	1,487,466	2,054,647	1,046,098	1,809,286	1,540,950	1,317,128	863,194	1,388,816	1,730,721	1,643,437	2,468,137	2,076,803	1,262,889	-66,423
Operating Profit	86,885	-192,645	362,164	107,779	-175,648	-275,916	122,029	-322,564	-65,035	81,604	71,823	-17,735	55,921	66,423
Interest Payable	42,394	23,300	18,457	19,121	15,023	16,496	14,740	6,097	0	0	0	0	0	0
Interest Receivable	343	67	5	0	0	53	79	127	60	37	1	34	54	20
Pre-Tax Profit	44,835	-215,878	343,711	88,658	-190,671	-292,359	107,368	-328,533	-64,975	81,641	71,824	-17,701	55,975	66,443
Tax	-11,209	0	-65,305	-16,845	0	0	-20,400	0	0	-17,145	-17,238	0	-15,673	-18,604
Profit After Tax	33,626	-215,878	278,406	71,813	-190,671	-292,359	86,968	-328,533	-64,975	64,496	54,586	-17,701	40,302	47,839
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	33,626	-215,878	278,406	71,813	-190,671	-292,359	86,968	-328,533	-64,975	64,496	54,586	-17,701	40,302	47,839
Employee Costs	1,056,330	1,062,009	872,735	712,106	630,211	623,109	605,482	494,919	640,418	642,526	962,804	835,852	563,982	0
Number Of Employees	28	30	25	21	18	19	19	16	21	22	32	28	19	0
EBITDA*	89,179	-189,416	367,797	118,463	-157,087	-244,718	181,458	-259,435	-43,160	107,371	95,355	3,233	74,782	86,369

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	May 2017	May 2016	May 2015	May 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	5,138	7,432	10,661	12,682	17,782	35,387	66,190	117,263	154,439	133,258	95,612	80,698	37,970	54,902
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	31,257	32,883	0	0	0	0	0	0
Total Fixed Assets	5,138	7,432	10,661	12,682	17,782	35,387	97,447	150,146	154,439	133,258	95,612	80,698	37,970	54,902
Stock & work in progress	2,787,641	2,649,196	2,060,799	1,622,093	1,709,122	1,063,566	1,047,457	904,460	914,768	958,911	720,000	600,532	490,000	589,672
Trade Debtors	606,828	819,788	739,504	1,444,790	897,371	611,699	553,362	294,721	535,167	497,135	1,038,417	854,802	568,451	401,935
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	141,951	181,345	181,763	167,774	334,579	387,290	342,711	209,192	0	0	0	0	0	0
Cash	7,337	8,803	9,031	71	71	3	21,257	41,682	9,271	14,745	205	174	13,544	8,044
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,543,757	3,659,132	2,991,097	3,234,728	2,941,143	2,062,558	1,964,787	1,450,055	1,459,206	1,470,791	1,758,622	1,455,508	1,071,995	999,651
total assets	3,548,895	3,666,564	3,001,758	3,247,410	2,958,925	2,097,945	2,062,234	1,600,201	1,613,645	1,604,049	1,854,234	1,536,206	1,109,965	1,054,553
Bank overdraft	336,695	490,500	199,867	405,282	221,644	223,478	284,082	47,483	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	88,755	120,846	80,448	157,851	120,227	112,669	87,505	812,873	1,376,301	1,291,259	1,628,815	1,381,268	935,700	913,166
Group/Directors Accounts	3,517,303	3,572,508	3,032,813	2,936,636	3,152,363	2,237,870	1,820,197	378,381	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	132,399	42,593	32,635	370,052	158,915	27,481	81,644	519,519	0	0	0	0	0	0
total current liabilities	4,075,152	4,226,447	3,345,763	3,869,821	3,653,149	2,601,498	2,273,428	1,758,256	1,376,301	1,291,259	1,628,815	1,381,268	935,700	913,166
loans	0	0	0	0	0	0	0	140,107	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	0	0	0	0	0	0	0	0	190,579	200,340	52,439	43,804	53,349	58,607
provisions	0	0	0	0	0	0	0	0	16,394	17,104	17,104	9,844	1,925	4,091
total long term liabilities	0	0	0	0	0	0	0	140,107	206,973	217,444	69,543	53,648	55,274	62,698
total liabilities	4,075,152	4,226,447	3,345,763	3,869,821	3,653,149	2,601,498	2,273,428	1,898,363	1,583,274	1,508,703	1,698,358	1,434,916	990,974	975,864
net assets	-526,257	-559,883	-344,005	-622,411	-694,224	-503,553	-211,194	-298,162	30,371	95,346	155,876	101,290	118,991	78,689
total shareholders funds	-526,257	-559,883	-344,005	-622,411	-694,224	-503,553	-211,194	-298,162	30,371	95,346	155,876	101,290	118,991	78,689

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	May 2017	May 2016	May 2015	May 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	86,885	-192,645	362,164	107,779	-175,648	-275,916	122,029	-322,564	-65,035	81,604	71,823	-17,735	55,921	66,423
Depreciation	2,294	3,229	5,633	10,684	18,561	31,198	59,429	63,129	21,875	25,767	23,532	20,968	18,861	19,946
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,209	0	-65,305	-16,845	0	0	-20,400	0	0	-17,145	-17,238	0	-15,673	-18,604
Stock	138,445	588,397	438,706	-87,029	645,556	16,109	142,997	-10,308	-44,143	958,911	119,468	110,532	-99,672	589,672
Debtors	-252,354	79,866	-691,297	380,614	232,961	71,659	390,534	1,629	38,032	497,135	183,615	286,351	166,516	401,935
Creditors	-32,091	40,398	-77,403	37,624	7,558	25,164	-725,368	-563,428	85,042	1,291,259	247,547	445,568	22,534	913,166
Accruals and Deferred Income	89,806	9,958	-337,417	211,137	131,434	-54,163	-437,875	519,519	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-16,394	-710	17,104	7,260	7,919	-2,166	4,091
Cash flow from operations	249,594	-807,323	140,263	56,794	-896,612	-361,485	-1,535,716	-311,059	47,283	-57,457	29,841	59,837	12,633	-6,585
Investing Activities
capital expenditure	0	0	-3,612	-5,584	-956	-395	-8,356	-25,953	-43,056	-159,025	-38,446	-63,696	-1,929	-74,848
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-3,612	-5,584	-956	-395	-8,356	-25,953	-43,056	-159,025	-38,446	-63,696	-1,929	-74,848
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-55,205	539,695	96,177	-215,727	914,493	417,673	1,441,816	378,381	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	0	0	0	0	0	0	-140,107	140,107	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	0	0	0	0	0	0	0	-190,579	-9,761	200,340	8,635	-9,545	-5,258	58,607
share issue	0	0	0	0	0	0	0	0	0	30,850	0	0	0	30,850
interest	-42,051	-23,233	-18,452	-19,121	-15,023	-16,443	-14,661	-5,970	60	37	1	34	54	20
cash flow from financing	-97,256	516,462	77,725	-234,848	899,470	401,230	1,287,048	321,939	-9,701	231,227	8,636	-9,511	-5,204	89,477
cash and cash equivalents
cash	-1,466	-228	8,960	0	68	-21,254	-20,425	32,411	-5,474	14,745	31	-13,370	5,500	8,044
overdraft	-153,805	290,633	-205,415	183,638	-1,834	-60,604	236,599	47,483	0	0	0	0	0	0
change in cash	152,339	-290,861	214,375	-183,638	1,902	39,350	-257,024	-15,072	-5,474	14,745	31	-13,370	5,500	8,044

P&L

April 2023

turnover

4.9m

-12%

operating profit

86.9k

gross margin

31.9%

-3.43%

turnover

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

Balance Sheet

April 2023

net assets

-526.3k

-0.06%

total assets

3.5m

-0.03%

cash

7.3k

-0.17%

net assets

Total assets minus all liabilities

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company number

00299255

Type

Private limited with Share Capital

industry

46420 - Wholesale of clothing and footwear

incorporation date

April 1935

age

accounts

Small Company

ultimate parent company

PURCELL HOLDINGS LIMITED

previous names

pipe and illingworth limited (March 1989)

incorporated

address

1st floor, hunter house, holloway drive, manchester, M28 2LA

last accounts submitted

April 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 8 charges/mortgages relating to work in style limited. Currently there are 1 open charges and 7 have been satisfied in the past.

work in style limited Company Information

work in style limited Estimated Valuation

work in style limited Estimated Valuation

work in style limited Estimated Valuation

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