V.m. Textiles Limited

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v.m. textiles limited Company Information

Live

MatureSmallLow

Company Number

01134359

Next Accounts

Dec 2024

Industry

Wholesale of textiles

Directors

Rajesh Mehta

Mayur Mehta

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Shareholders

nayana d. mehta

mayur v. mehta

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Group Structure

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Contact

Registered Address

cheetwood house, cheetwood road, cheetham, manchester, M8 8AQ

Website

benmartextiles.co.uk

v.m. textiles limited Estimated Valuation

£829k

Pomanda estimates the enterprise value of V.M. TEXTILES LIMITED at £829k based on Net Assets of £451.5k and 1.84x industry multiple (adjusted for liquidity).

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V.m. Textiles Limited is a live company located in cheetham, M8 8AQ with a Companies House number of 01134359. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in September 1973, it's largest shareholder is nayana d. mehta with a 11.1% stake. V.m. Textiles Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with low growth in recent years.

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Pomanda's financial health check has awarded V.M. Textiles Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £2m, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.9%)

EXPORT

V.M. Textiles Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £451.5 thousand. According to their latest financial statements, we estimate that V.M. Textiles Limited has 4 employees and maintains cash reserves of 0 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	2,015,436	1,738,138	2,262,975	1,952,042	2,237,687	2,189,829	3,636,595	5,712	2,972	433	454	420	439	545
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,595,369	1,411,857	1,876,552	1,549,778	1,816,664	1,777,658	2,930,709	4,632	2,421	357	373	338	359	441
Gross Profit	420,067	326,280	386,423	402,265	421,023	412,170	705,886	1,080	551	77	82	81	80	105
Admin Expenses	406,745	464,049	494,267	372,882	438,702	496,043	764,007	-691,588	2,243	1,770	256	120,252	600,251	-1,374,517
Operating Profit	13,322	-137,769	-107,844	29,383	-17,679	-83,873	-58,121	692,668	-1,692	-1,693	-174	-120,171	-600,171	1,374,622
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	868	1,737	3	4	2	2	1	0
Pre-Tax Profit	13,322	-137,769	-107,844	29,383	-17,679	-83,873	-57,253	694,405	-1,689	-1,689	-172	-120,169	-600,170	1,374,622
Tax	-2,531	0	0	-5,583	0	0	0	-138,881	0	0	0	0	0	-384,894
Profit After Tax	10,791	-137,769	-107,844	23,800	-17,679	-83,873	-57,253	555,524	-1,689	-1,689	-172	-120,169	-600,170	989,728
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,791	-137,769	-107,844	23,800	-17,679	-83,873	-57,253	555,524	-1,689	-1,689	-172	-120,169	-600,170	989,728
Employee Costs	167,779	155,168	218,707	174,073	174,829	170,216	274,973	34,911	32,846	31,935	32,215	32,760	28,907	28,709
Number Of Employees	4	4	6	5	5	5	8	1	1	1	1	1	1	1
EBITDA*	13,322	-137,769	-107,844	29,383	-17,679	-83,873	-58,121	692,668	-1,692	-1,693	-174	-120,171	-600,171	1,374,622

* 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	0	0	0	0	0	10,000	10,000	0	0	0	0	0	0	0
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	150,000	580,000	580,000	580,000	580,000	700,000	1,300,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	10,000	10,000	150,000	580,000	580,000	580,000	580,000	700,000	1,300,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	579,536	583,537	715,556	684,956	749,983	762,328	1,046,902	1,970	999	34	32	31	56	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,899	1,000	2,758	4,127	6,350	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	694,611	239	1,089	313	308	445	141
misc current assets	0	0	0	0	0	2,841	15,696	0	0	0	0	0	0	0
total current assets	588,435	584,537	718,314	689,083	756,333	765,169	1,062,598	696,581	1,238	1,123	345	339	501	141
total assets	588,435	584,537	718,314	689,083	756,333	775,169	1,072,598	846,581	581,238	581,123	580,345	580,339	700,501	1,300,141
Bank overdraft	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
Trade Creditors	136,598	138,695	139,581	2,505	92,817	94,683	308,239	218	211	202	195	187	180	150
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	136,598	138,695	139,581	2,505	92,817	94,683	308,239	218	211	202	195	187	180	150
loans	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
Accruals and Deferred Income	301	5,097	219	220	958	249	249	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	290,188	288,393	285,933	285,763	285,763	285,263
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	301	5,097	219	220	958	249	249	0	290,188	288,393	285,933	285,763	285,763	285,263
total liabilities	136,899	143,792	139,800	2,725	93,775	94,932	308,488	218	290,399	288,595	286,128	285,950	285,943	285,413
net assets	451,536	440,745	578,514	686,358	662,558	680,237	764,110	846,363	290,839	292,528	294,217	294,389	414,558	1,014,728
total shareholders funds	451,536	440,745	578,514	686,358	662,558	680,237	764,110	846,363	290,839	292,528	294,217	294,389	414,558	1,014,728

	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	13,322	-137,769	-107,844	29,383	-17,679	-83,873	-58,121	692,668	-1,692	-1,693	-174	-120,171	-600,171	1,374,622
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,531	0	0	-5,583	0	0	0	-138,881	0	0	0	0	0	-384,894
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	3,898	-133,777	29,231	-67,250	-5,995	-284,574	1,044,932	971	965	2	1	-25	56	0
Creditors	-2,097	-886	137,076	-90,312	-1,866	-213,556	308,021	7	9	7	8	7	30	150
Accruals and Deferred Income	-4,796	4,878	-1	-738	709	0	249	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	-12,841	-12,855	-794,783	552,823	-2,648	-1,688	-167	-120,139	-600,197	989,878
Investing Activities
capital expenditure	0	0	0	0	10,000	0	-10,000	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	-150,000	-430,000	0	0	0	-120,000	-600,000	1,300,000
cash flow from investments	0	0	0	0	10,000	0	140,000	430,000	0	0	0	120,000	600,000	-1,300,000
Financing Activities
Bank loans	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
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	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	-290,188	1,795	2,460	170	0	500	285,263
share issue	0	0	0	0	0	0	-25,000	0	0	0	0	0	0	25,000
interest	0	0	0	0	0	0	868	1,737	3	4	2	2	1	0
cash flow from financing	0	0	0	0	0	0	-24,132	-288,451	1,798	2,464	172	2	501	310,263
cash and cash equivalents
cash	0	0	0	0	0	0	-694,611	694,372	-850	776	5	-137	304	141
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-694,611	694,372	-850	776	5	-137	304	141

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 v.m. textiles limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M 8 area or any other competitors across 12 key performance metrics.

V.M. TEXTILES LIMITED group structure

V.M. Textiles Limited has no subsidiary companies.

Ultimate parent company

V.M. TEXTILES LIMITED

01134359

V.M. TEXTILES LIMITED Shareholders

nayana d. mehta	11.12%
mayur v. mehta	11.11%
rajesh h. mehta	11.11%
manish s. mehta	11.11%
anish s. mehta	11.11%
bharat h. mehta	11.11%
nilesh v. mehta	11.11%
rashmi v. mehta	11.11%
mukesh v. mehta	11.11%

V.M. Textiles Limited currently has 5 directors. The longest serving directors include Mr Rajesh Mehta (Jun 1991) and Mr Mayur Mehta (Jun 1991).

officer	age	start	end	role
Mr Rajesh Mehta	69 years	Jun 1991	-	Director
Mr Mayur Mehta	72 years	Jun 1991	-	Director
Mr Bharat Mehta	67 years	Jun 2010	-	Director
Mr Mukesh Mehta	69 years	Jun 2010	-	Director
Mr Rashmi Mehta	66 years	Jun 2010	-	Director

P&L

March 2023

turnover

+16%

operating profit

13.3k

gross margin

20.9%

+11.03%

turnover

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

Balance Sheet

March 2023

net assets

451.5k

+0.02%

total assets

588.4k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

01134359

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

September 1973

ultimate parent company

None

previous names

N/A

address

cheetwood house, cheetwood road, cheetham, manchester, M8 8AQ

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 did not find charges/mortgages relating to v.m. textiles limited.

v.m. textiles limited Company Information

v.m. textiles limited Estimated Valuation

v.m. textiles limited Estimated Valuation

v.m. textiles limited Estimated Valuation

V.m. Textiles Limited Overview

V.m. Textiles Limited Health Check

V.M. TEXTILES LIMITED financials

v.m. textiles limited Credit Report and Business Information

V.m. Textiles Limited Competitor Analysis

v.m. textiles limited Ownership

v.m. textiles limited directors

v.m. textiles limited company details

v.m. textiles limited Charges & Mortgages

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