Great Western Carpeting Limited

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great western carpeting limited Company Information

Live

MatureMicroHealthy

Company Number

00951065

Next Accounts

Sep 2025

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Directors

George Cherchian

Rita Cherchian

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Shareholders

mr george kevork cherchian

gayaneh hourik cherchian

Group Structure

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Contact

Registered Address

12 cricklewood broadway, london, NW2 3HD

Website

www.greatwesterncarpeting.com

great western carpeting limited Estimated Valuation

£321.8k

Pomanda estimates the enterprise value of GREAT WESTERN CARPETING LIMITED at £321.8k based on Net Assets of £166.3k and 1.94x industry multiple (adjusted for liquidity).

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Great Western Carpeting Limited is a live company located in london, NW2 3HD with a Companies House number of 00951065. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in March 1969, it's largest shareholder is mr george kevork cherchian with a 60% stake. Great Western Carpeting Limited is a mature, micro sized company, Pomanda has estimated its turnover at £289.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Great Western Carpeting Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £289.9k, make it smaller than the average company (£9.2m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.1%)

EXPORT

Great Western Carpeting Limited's latest turnover from December 2023 is estimated at £289.9 thousand and the company has net assets of £166.3 thousand. According to their latest financial statements, Great Western Carpeting Limited has 5 employees and maintains cash reserves of £224.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	289,884	224,528	251,049	216,518	245,435	256,081	265,499	269,770	259,430	206,216	150,544	112,200	145,303	133,300	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	198,563	146,865	176,811	142,184	166,908	175,515	185,342	192,414	177,857	146,956	105,039	79,870	98,472	90,820	0
Gross Profit	91,321	77,663	74,238	74,334	78,527	80,566	80,157	77,356	81,574	59,260	45,505	32,330	46,832	42,480	0
Admin Expenses	134,714	-16,017	29,694	-39,456	95,638	59,050	89,556	115,647	74,499	38,837	41,475	27,877	51,840	60,881	-39,367
Operating Profit	-43,393	93,680	44,544	113,790	-17,111	21,516	-9,399	-38,291	7,075	20,423	4,030	4,453	-5,008	-18,401	39,367
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,028	6,970	352	63	193	216	103	105	352	303	206	110	64	156	94
Pre-Tax Profit	-31,365	100,651	44,896	113,853	-16,918	21,732	-9,296	-38,186	7,428	20,727	4,235	4,563	-4,944	-18,245	39,461
Tax	0	-19,124	-8,530	-21,632	0	-4,129	0	0	-1,485	-4,353	-974	-1,095	0	0	-11,049
Profit After Tax	-31,365	81,527	36,366	92,221	-16,918	17,603	-9,296	-38,186	5,942	16,374	3,261	3,468	-4,944	-18,245	28,412
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-31,365	81,527	36,366	92,221	-16,918	17,603	-9,296	-38,186	5,942	16,374	3,261	3,468	-4,944	-18,245	28,412
Employee Costs	168,408	141,030	129,684	122,612	140,390	132,107	129,182	125,080	123,772	48,416	23,662	21,792	21,302	23,128	0
Number Of Employees	5	5	5	5	5	5	5	5	5	2	1	1	1	1	0
EBITDA*	-38,019	99,055	45,217	114,464	-16,361	22,121	-8,974	-37,993	7,268	23,418	6,958	7,381	-2,010	-18,241	39,936

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	10,785	16,159	2,506	3,179	3,373	2,522	1,937	1,281	746	481	3,018	5,946	8,874	382	177
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,785	16,159	2,506	3,179	3,373	2,522	1,937	1,281	746	481	3,018	5,946	8,874	382	177
Stock & work in progress	10,715	11,061	12,317	11,794	11,171	10,972	12,201	11,309	10,794	11,505	12,233	11,798	11,902	12,447	14,055
Trade Debtors	23,097	14,790	39,217	21,154	21,749	27,507	31,659	21,019	22,876	22,047	17,194	7,711	20,999	17,847	34,064
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	224,060	234,135	164,164	117,374	9,397	41,956	15,699	25,367	58,503	82,330	39,057	43,161	949	24,745	37,665
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	257,872	259,986	215,698	150,322	42,317	80,435	59,559	57,695	92,173	115,882	68,484	62,670	33,850	55,039	85,784
total assets	268,657	276,145	218,204	153,501	45,690	82,957	61,496	58,976	92,919	116,363	71,502	68,616	42,724	55,421	85,961
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	99,937	75,360	101,566	73,099	57,469	77,988	74,220	62,534	58,401	87,837	58,840	58,625	35,601	45,074	57,449
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	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	99,937	75,360	101,566	73,099	57,469	77,988	74,220	62,534	58,401	87,837	58,840	58,625	35,601	45,074	57,449
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	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,400	3,100	480	610	650	480	390	260	150	100	610	1,200	1,800	80	0
total long term liabilities	2,400	3,100	480	610	650	480	390	260	150	100	610	1,200	1,800	80	0
total liabilities	102,337	78,460	102,046	73,709	58,119	78,468	74,610	62,794	58,551	87,937	59,450	59,825	37,401	45,154	57,449
net assets	166,320	197,685	116,158	79,792	-12,429	4,489	-13,114	-3,818	34,368	28,426	12,052	8,791	5,323	10,267	28,512
total shareholders funds	166,320	197,685	116,158	79,792	-12,429	4,489	-13,114	-3,818	34,368	28,426	12,052	8,791	5,323	10,267	28,512

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-43,393	93,680	44,544	113,790	-17,111	21,516	-9,399	-38,291	7,075	20,423	4,030	4,453	-5,008	-18,401	39,367
Depreciation	5,374	5,375	673	674	750	605	425	298	193	2,995	2,928	2,928	2,998	160	569
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-19,124	-8,530	-21,632	0	-4,129	0	0	-1,485	-4,353	-974	-1,095	0	0	-11,049
Stock	-346	-1,256	523	623	199	-1,229	892	515	-711	-728	435	-104	-545	-1,608	14,055
Debtors	8,307	-24,427	18,063	-595	-5,758	-4,152	10,640	-1,857	829	4,853	9,483	-13,288	3,152	-16,217	34,064
Creditors	24,577	-26,206	28,467	15,630	-20,519	3,768	11,686	4,133	-29,436	28,997	215	23,024	-9,473	-12,375	57,449
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-700	2,620	-130	-40	170	90	130	110	50	-510	-590	-600	1,720	80	0
Cash flow from operations	-22,103	82,028	46,438	108,394	-31,151	27,231	-8,690	-32,408	-23,721	43,427	-4,309	42,102	-12,370	-12,711	38,217
Investing Activities
capital expenditure	0	-19,028	0	-480	-1,601	-1,190	-1,081	-833	-458	-458	0	0	-11,490	-365	-746
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-19,028	0	-480	-1,601	-1,190	-1,081	-833	-458	-458	0	0	-11,490	-365	-746
Financing Activities
Bank loans	0	0	0	0	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	0	0	0	0
Other Short Term Loans	0	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	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	12,028	6,970	352	63	193	216	103	105	352	303	206	110	64	156	94
cash flow from financing	12,028	6,970	352	63	193	216	103	105	352	303	206	110	64	156	194
cash and cash equivalents
cash	-10,075	69,971	46,790	107,977	-32,559	26,257	-9,668	-33,136	-23,827	43,273	-4,104	42,212	-23,796	-12,920	37,665
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-10,075	69,971	46,790	107,977	-32,559	26,257	-9,668	-33,136	-23,827	43,273	-4,104	42,212	-23,796	-12,920	37,665

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 great western carpeting limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NW2 area or any other competitors across 12 key performance metrics.

GREAT WESTERN CARPETING LIMITED group structure

Great Western Carpeting Limited has no subsidiary companies.

Ultimate parent company

GREAT WESTERN CARPETING LIMITED

00951065

GREAT WESTERN CARPETING LIMITED Shareholders

mr george kevork cherchian	60%
gayaneh hourik cherchian	40%

Great Western Carpeting Limited currently has 3 directors. The longest serving directors include Mr George Cherchian (Jul 1991) and Mrs Rita Cherchian (Jul 1991).

officer	age	start	end	role
Mr George Cherchian	56 years	Jul 1991	-	Director
Mrs Rita Cherchian	85 years	Jul 1991	-	Director
Mrs Gayaneh Cherchian	48 years	Aug 2011	-	Director

P&L

December 2023

turnover

289.9k

+29%

operating profit

-43.4k

gross margin

31.6%

-8.92%

turnover

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

Balance Sheet

December 2023

net assets

166.3k

-0.16%

total assets

268.7k

-0.03%

cash

224.1k

-0.04%

net assets

Total assets minus all liabilities

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company number

00951065

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

March 1969

ultimate parent company

None

previous names

N/A

address

12 cricklewood broadway, london, NW2 3HD

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great western carpeting limited Company Information

great western carpeting limited Estimated Valuation

great western carpeting limited Estimated Valuation

great western carpeting limited Estimated Valuation

Great Western Carpeting Limited Overview

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GREAT WESTERN CARPETING LIMITED financials

great western carpeting limited Credit Report and Business Information

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