g. modiano limited
g. modiano limited Company Information
Company Number
00872284
Website
www.gmodiano.comRegistered Address
broad street house, 55 old broad street, london, EC2M 1RX
Industry
Preparation and spinning of textile fibres
Telephone
02070120000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
g. modiano no 3. discretionary settlement 45.2%
g. modiano no 2. discretionary settlement 44.8%
View Allg. modiano limited Estimated Valuation
Pomanda estimates the enterprise value of G. MODIANO LIMITED at £75.1m based on a Turnover of £163.6m and 0.46x industry multiple (adjusted for size and gross margin).
g. modiano limited Estimated Valuation
Pomanda estimates the enterprise value of G. MODIANO LIMITED at £109.1m based on an EBITDA of £17.9m and a 6.08x industry multiple (adjusted for size and gross margin).
g. modiano limited Estimated Valuation
Pomanda estimates the enterprise value of G. MODIANO LIMITED at £256.6m based on Net Assets of £146.2m and 1.76x industry multiple (adjusted for liquidity).
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G. Modiano Limited Overview
G. Modiano Limited is a live company located in london, EC2M 1RX with a Companies House number of 00872284. It operates in the preparation and spinning of textile fibres sector, SIC Code 13100. Founded in February 1966, it's largest shareholder is g. modiano no 3. discretionary settlement with a 45.1% stake. G. Modiano Limited is a mature, mega sized company, Pomanda has estimated its turnover at £163.6m with declining growth in recent years.
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G. Modiano Limited Health Check
Pomanda's financial health check has awarded G. Modiano Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £163.6m, make it larger than the average company (£11.3m)
£163.6m - G. Modiano Limited
£11.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (-0.5%)
-4% - G. Modiano Limited
-0.5% - Industry AVG
Production
with a gross margin of 11.9%, this company has a higher cost of product (23.2%)
11.9% - G. Modiano Limited
23.2% - Industry AVG
Profitability
an operating margin of 8.9% make it more profitable than the average company (4.7%)
8.9% - G. Modiano Limited
4.7% - Industry AVG
Employees
with 276 employees, this is above the industry average (81)
276 - G. Modiano Limited
81 - Industry AVG
Pay Structure
on an average salary of £40.2k, the company has a higher pay structure (£30.1k)
£40.2k - G. Modiano Limited
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £592.7k, this is more efficient (£145.8k)
£592.7k - G. Modiano Limited
£145.8k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (49 days)
46 days - G. Modiano Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (36 days)
13 days - G. Modiano Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 221 days, this is more than average (133 days)
221 days - G. Modiano Limited
133 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 158 weeks, this is more cash available to meet short term requirements (8 weeks)
158 weeks - G. Modiano Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.4%, this is a lower level of debt than the average (41.9%)
8.4% - G. Modiano Limited
41.9% - Industry AVG
G. MODIANO LIMITED financials
G. Modiano Limited's latest turnover from March 2023 is £163.6 million and the company has net assets of £146.2 million. According to their latest financial statements, G. Modiano Limited has 276 employees and maintains cash reserves of £41.7 million 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 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 163,595,000 | 166,178,000 | 130,808,000 | 184,749,000 | 245,066,000 | 251,519,000 | 205,940,000 | 154,303,000 | 135,269,000 | 157,539,000 | 143,773,000 | 162,843,000 | 155,747,000 | 84,885,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 144,098,000 | 141,448,000 | 115,912,000 | 188,189,000 | 224,912,000 | 221,978,000 | 185,288,000 | 147,728,000 | 124,139,000 | 140,273,000 | 134,416,000 | 128,495,000 | 121,826,000 | 70,900,000 |
| Gross Profit | 19,497,000 | 24,730,000 | 14,896,000 | -3,440,000 | 20,154,000 | 29,541,000 | 20,652,000 | 6,575,000 | 11,130,000 | 17,266,000 | 9,357,000 | 34,348,000 | 33,921,000 | 13,985,000 |
| Admin Expenses | 4,904,000 | 5,554,000 | 3,622,000 | 3,792,000 | 5,067,000 | 7,564,000 | 6,384,000 | 4,658,000 | 4,163,000 | 3,773,000 | 3,757,000 | 4,158,000 | 5,779,000 | 3,580,000 |
| Operating Profit | 14,593,000 | 19,176,000 | 11,274,000 | -7,232,000 | 15,087,000 | 21,977,000 | 14,268,000 | 1,917,000 | 6,967,000 | 13,493,000 | 5,600,000 | 30,190,000 | 28,142,000 | 10,405,000 |
| Interest Payable | 181,000 | 80,000 | 35,000 | 161,000 | 406,000 | 230,000 | 297,000 | 129,000 | 1,056,000 | 124,000 | 446,000 | 918,000 | 755,000 | 705,000 |
| Interest Receivable | 1,102,000 | 147,000 | 109,000 | 377,000 | 280,000 | 197,000 | 66,000 | 34,000 | 113,000 | 95,000 | 83,000 | 25,000 | 24,000 | 19,000 |
| Pre-Tax Profit | 15,514,000 | 19,243,000 | 11,348,000 | -7,016,000 | 14,961,000 | 21,944,000 | 14,335,000 | 2,512,000 | 7,465,000 | 14,348,000 | 6,174,000 | 30,489,000 | 29,067,000 | 10,217,000 |
| Tax | -3,304,000 | -3,045,000 | -2,352,000 | 137,000 | -4,010,000 | -4,537,000 | -2,568,000 | -345,000 | -1,056,000 | -1,927,000 | 371,000 | -6,304,000 | -6,646,000 | -1,389,000 |
| Profit After Tax | 12,210,000 | 16,198,000 | 8,996,000 | -6,879,000 | 10,951,000 | 17,407,000 | 11,767,000 | 2,167,000 | 6,409,000 | 12,421,000 | 6,545,000 | 24,185,000 | 22,421,000 | 8,828,000 |
| Dividends Paid | 0 | 7,055,000 | 0 | 8,577,000 | 2,270,000 | 2,083,000 | 1,056,000 | 1,529,000 | 1,326,000 | 1,536,000 | 672,000 | 1,101,000 | 490,000 | 490,000 |
| Retained Profit | 10,720,000 | 6,043,000 | 7,980,000 | -16,366,000 | 6,825,000 | 13,331,000 | 10,597,000 | 638,000 | 5,083,000 | 10,885,000 | 5,873,000 | 23,084,000 | 21,931,000 | 8,338,000 |
| Employee Costs | 11,099,000 | 10,587,000 | 7,808,000 | 8,121,000 | 10,166,000 | 11,071,000 | 9,729,000 | 7,619,000 | 6,985,000 | 6,484,000 | 6,406,000 | 6,452,000 | 8,116,000 | 5,186,000 |
| Number Of Employees | 276 | 302 | 259 | 301 | 363 | 392 | 374 | 383 | 368 | 341 | 319 | 306 | 294 | 235 |
| EBITDA* | 17,946,000 | 22,091,000 | 14,696,000 | -4,119,000 | 17,912,000 | 24,665,000 | 17,026,000 | 4,491,000 | 8,874,000 | 15,230,000 | 8,325,000 | 33,484,000 | 31,919,000 | 14,420,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,682,000 | 22,012,000 | 20,489,000 | 22,274,000 | 25,081,000 | 24,100,000 | 21,729,000 | 18,242,000 | 15,573,000 | 14,263,000 | 15,840,000 | 18,060,000 | 20,608,000 | 21,695,000 |
| Intangible Assets | 32,000 | 39,000 | 46,000 | 81,000 | 105,000 | 97,000 | 5,000 | 9,000 | 9,000 | 18,000 | 21,000 | 9,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 8,554,000 | 7,863,000 | 7,401,000 | 6,517,000 | 5,580,000 | 6,034,000 | 4,718,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 21,714,000 | 22,051,000 | 20,535,000 | 22,355,000 | 25,186,000 | 24,198,000 | 21,735,000 | 26,805,000 | 23,445,000 | 21,682,000 | 22,378,000 | 23,649,000 | 26,642,000 | 26,413,000 |
| Stock & work in progress | 87,270,000 | 83,599,000 | 79,652,000 | 90,450,000 | 105,145,000 | 99,511,000 | 93,554,000 | 64,201,000 | 58,956,000 | 58,544,000 | 60,017,000 | 63,217,000 | 82,652,000 | 47,166,000 |
| Trade Debtors | 21,055,000 | 20,889,000 | 13,554,000 | 11,750,000 | 40,072,000 | 43,815,000 | 37,235,000 | 28,510,000 | 17,351,000 | 20,265,000 | 24,211,000 | 24,304,000 | 17,776,000 | 13,122,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,448,000 | 1,762,000 | 3,479,000 | 1,690,000 | 1,888,000 | 0 | 0 |
| Misc Debtors | 4,952,000 | 3,615,000 | 4,015,000 | 5,088,000 | 4,239,000 | 4,366,000 | 5,178,000 | 1,806,000 | 2,267,000 | 2,523,000 | 2,499,000 | 841,000 | 488,000 | 1,604,000 |
| Cash | 41,661,000 | 41,342,000 | 39,574,000 | 14,591,000 | 4,130,000 | 4,494,000 | 5,848,000 | 2,425,000 | 9,524,000 | 11,001,000 | 552,000 | 594,000 | 629,000 | 848,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 154,938,000 | 149,445,000 | 136,795,000 | 121,879,000 | 153,586,000 | 152,186,000 | 141,815,000 | 99,390,000 | 89,860,000 | 95,812,000 | 88,969,000 | 90,844,000 | 101,545,000 | 62,740,000 |
| total assets | 176,652,000 | 171,496,000 | 157,330,000 | 144,234,000 | 178,772,000 | 176,384,000 | 163,550,000 | 126,195,000 | 113,305,000 | 117,494,000 | 111,347,000 | 114,493,000 | 128,187,000 | 89,153,000 |
| Bank overdraft | 0 | 0 | 4,431,000 | 1,101,000 | 14,251,000 | 8,448,000 | 18,230,000 | 3,629,000 | 0 | 0 | 1,044,000 | 7,046,000 | 16,840,000 | 16,575,000 |
| Bank loan | 3,246,000 | 3,712,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,086,000 | 2,138,000 | 2,094,000 | 2,233,000 | 0 |
| Trade Creditors | 5,175,000 | 5,659,000 | 5,631,000 | 2,283,000 | 3,866,000 | 11,562,000 | 6,557,000 | 2,829,000 | 2,624,000 | 2,277,000 | 2,883,000 | 2,903,000 | 2,176,000 | 2,462,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,438,000 | 3,848,000 | 5,119,000 | 4,838,000 | 2,043,000 | 6,270,000 | 4,654,000 |
| 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 | 5,277,000 | 7,058,000 | 4,070,000 | 5,768,000 | 4,584,000 | 6,871,000 | 3,999,000 | 6,130,000 | 2,768,000 | 4,138,000 | 2,998,000 | 6,839,000 | 5,366,000 | 4,273,000 |
| total current liabilities | 13,698,000 | 16,429,000 | 14,132,000 | 9,152,000 | 22,701,000 | 26,881,000 | 28,786,000 | 19,026,000 | 9,240,000 | 13,620,000 | 13,901,000 | 20,925,000 | 32,885,000 | 27,964,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,574,000 | 3,753,000 | 5,765,000 | 8,383,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,141,000 | 1,235,000 | 1,241,000 | 1,362,000 | 831,000 | 686,000 | 574,000 | 771,000 | 930,000 | 800,000 | 715,000 | 209,000 | 4,968,000 | 1,878,000 |
| total long term liabilities | 1,141,000 | 1,235,000 | 1,241,000 | 1,362,000 | 831,000 | 686,000 | 574,000 | 771,000 | 930,000 | 2,374,000 | 4,468,000 | 5,974,000 | 13,351,000 | 1,878,000 |
| total liabilities | 14,839,000 | 17,664,000 | 15,373,000 | 10,514,000 | 23,532,000 | 27,567,000 | 29,360,000 | 19,797,000 | 10,170,000 | 15,994,000 | 18,369,000 | 26,899,000 | 46,236,000 | 29,842,000 |
| net assets | 146,228,000 | 140,770,000 | 132,655,000 | 123,692,000 | 142,352,000 | 134,223,000 | 119,308,000 | 106,398,000 | 103,135,000 | 101,500,000 | 92,978,000 | 87,594,000 | 81,951,000 | 59,311,000 |
| total shareholders funds | 146,228,000 | 140,770,000 | 132,655,000 | 123,692,000 | 142,352,000 | 134,223,000 | 119,308,000 | 106,398,000 | 103,135,000 | 101,500,000 | 92,978,000 | 87,594,000 | 81,951,000 | 59,311,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 14,593,000 | 19,176,000 | 11,274,000 | -7,232,000 | 15,087,000 | 21,977,000 | 14,268,000 | 1,917,000 | 6,967,000 | 13,493,000 | 5,600,000 | 30,190,000 | 28,142,000 | 10,405,000 |
| Depreciation | 3,337,000 | 2,888,000 | 3,422,000 | 3,079,000 | 2,798,000 | 2,684,000 | 2,751,000 | 2,568,000 | 1,901,000 | 1,731,000 | 2,721,000 | 3,294,000 | 3,777,000 | 4,015,000 |
| Amortisation | 16,000 | 27,000 | 0 | 34,000 | 27,000 | 4,000 | 7,000 | 6,000 | 6,000 | 6,000 | 4,000 | 0 | 0 | 0 |
| Tax | -3,304,000 | -3,045,000 | -2,352,000 | 137,000 | -4,010,000 | -4,537,000 | -2,568,000 | -345,000 | -1,056,000 | -1,927,000 | 371,000 | -6,304,000 | -6,646,000 | -1,389,000 |
| Stock | 3,671,000 | 3,947,000 | -10,798,000 | -14,695,000 | 5,634,000 | 5,957,000 | 29,353,000 | 5,245,000 | 412,000 | -1,473,000 | -3,200,000 | -19,435,000 | 35,486,000 | 47,166,000 |
| Debtors | 1,503,000 | 6,935,000 | 731,000 | -27,473,000 | -3,870,000 | 5,768,000 | 9,649,000 | 11,384,000 | -4,887,000 | -2,133,000 | 1,367,000 | 8,769,000 | 3,538,000 | 14,726,000 |
| Creditors | -484,000 | 28,000 | 3,348,000 | -1,583,000 | -7,696,000 | 5,005,000 | 3,728,000 | 205,000 | 347,000 | -606,000 | -20,000 | 727,000 | -286,000 | 2,462,000 |
| Accruals and Deferred Income | -1,781,000 | 2,988,000 | -1,698,000 | 1,184,000 | -2,287,000 | 2,872,000 | -2,131,000 | 3,362,000 | -1,370,000 | 1,140,000 | -3,841,000 | 1,473,000 | 1,093,000 | 4,273,000 |
| Deferred Taxes & Provisions | -94,000 | -6,000 | -121,000 | 531,000 | 145,000 | 112,000 | -197,000 | -159,000 | 130,000 | 85,000 | 506,000 | -4,759,000 | 3,090,000 | 1,878,000 |
| Cash flow from operations | 7,109,000 | 11,174,000 | 23,940,000 | 38,318,000 | 2,300,000 | 16,392,000 | -23,144,000 | -9,075,000 | 11,400,000 | 17,528,000 | 7,174,000 | 35,287,000 | -9,854,000 | -40,248,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -5,621,000 | -3,239,000 | -2,494,000 | -3,418,000 | -5,015,000 | 0 | 0 | -547,000 | -2,107,000 | -7,000 |
| Change in Investments | 0 | 0 | 0 | 0 | -1,000 | 0 | -8,553,000 | 691,000 | 462,000 | 884,000 | 937,000 | -454,000 | 1,316,000 | 4,718,000 |
| cash flow from investments | 0 | 0 | 0 | 0 | -5,620,000 | -3,239,000 | 6,059,000 | -4,109,000 | -5,477,000 | -884,000 | -937,000 | -93,000 | -3,423,000 | -4,725,000 |
| Financing Activities | ||||||||||||||
| Bank loans | -466,000 | 3,712,000 | 0 | 0 | 0 | 0 | 0 | 0 | -2,086,000 | -52,000 | 44,000 | -139,000 | 2,233,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -6,438,000 | 2,590,000 | -1,271,000 | 281,000 | 2,795,000 | -4,227,000 | 1,616,000 | 4,654,000 |
| 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 | 0 | 0 | -1,574,000 | -2,179,000 | -2,012,000 | -2,618,000 | 8,383,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 921,000 | 67,000 | 74,000 | 216,000 | -126,000 | -33,000 | -231,000 | -95,000 | -943,000 | -29,000 | -363,000 | -893,000 | -731,000 | -686,000 |
| cash flow from financing | -4,807,000 | 5,851,000 | 1,057,000 | -2,078,000 | 1,178,000 | 1,551,000 | -4,356,000 | 5,120,000 | -9,322,000 | -4,342,000 | -25,000 | -25,318,000 | 12,210,000 | 54,941,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 319,000 | 1,768,000 | 24,983,000 | 10,461,000 | -364,000 | -1,354,000 | 3,423,000 | -7,099,000 | -1,477,000 | 10,449,000 | -42,000 | -35,000 | -219,000 | 848,000 |
| overdraft | 0 | -4,431,000 | 3,330,000 | -13,150,000 | 5,803,000 | -9,782,000 | 14,601,000 | 3,629,000 | 0 | -1,044,000 | -6,002,000 | -9,794,000 | 265,000 | 16,575,000 |
| change in cash | 319,000 | 6,199,000 | 21,653,000 | 23,611,000 | -6,167,000 | 8,428,000 | -11,178,000 | -10,728,000 | -1,477,000 | 11,493,000 | 5,960,000 | 9,759,000 | -484,000 | -15,727,000 |
g. modiano limited Credit Report and Business Information
G. Modiano Limited Competitor Analysis
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g. modiano limited Ownership
G. MODIANO LIMITED group structure
G. Modiano Limited has 3 subsidiary companies.
Ultimate parent company
G. MODIANO LIMITED
00872284
3 subsidiaries
g. modiano limited directors
G. Modiano Limited currently has 4 directors. The longest serving directors include Mr John Dallas (Aug 1991) and Mr Michael Modiano (Jan 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Dallas | 81 years | Aug 1991 | - | Director | |
| Mr Michael Modiano | 56 years | Jan 2005 | - | Director | |
| Mr Russell Parsons | 63 years | Jun 2012 | - | Director | |
| Mr Emir Avigdor | 58 years | Jun 2012 | - | Director |
P&L
March 2023turnover
163.6m
-2%
operating profit
14.6m
-24%
gross margin
12%
-19.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
146.2m
+0.04%
total assets
176.7m
+0.03%
cash
41.7m
+0.01%
net assets
Total assets minus all liabilities
g. modiano limited company details
company number
00872284
Type
Private limited with Share Capital
industry
13100 - Preparation and spinning of textile fibres
incorporation date
February 1966
age
58
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
broad street house, 55 old broad street, london, EC2M 1RX
last accounts submitted
March 2023
g. modiano limited Charges & Mortgages
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 32 charges/mortgages relating to g. modiano limited. Currently there are 5 open charges and 27 have been satisfied in the past.
g. modiano limited Companies House Filings - See Documents
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