Carradice Of Nelson Limited

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carradice of nelson limited Company Information

Company Number

01269407

Next Accounts

Jun 2025

Directors

Michael Malavasi

Massimo Malavasi

Shareholders

aquapac group limited

Group Structure

View All

Industry

Other manufacturing n.e.c.

Registered Address

westmoreland works, st. marys street, nelson, BB9 7BA

Website

www.carradice.co.uk

carradice of nelson limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of CARRADICE OF NELSON LIMITED at £1.1m based on Net Assets of £509.4k and 2.08x industry multiple (adjusted for liquidity).

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Carradice Of Nelson Limited is a live company located in nelson, BB9 7BA with a Companies House number of 01269407. It operates in the manufacture of sports goods sector, SIC Code 32300. Founded in July 1976, it's largest shareholder is aquapac group limited with a 100% stake. Carradice Of Nelson Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Carradice Of Nelson Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£14m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.4%)

EXPORT

Carradice Of Nelson Limited's latest turnover from September 2023 is estimated at £1.3 million and the company has net assets of £509.4 thousand. According to their latest financial statements, Carradice Of Nelson Limited has 20 employees and maintains cash reserves of £52.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Oct 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	1,283,313	1,078,025	1,292,204	1,007,060	896,181	733,583	640,182	581,106	858,693	598,084	739,072	615,617	650,649	609,651
Other Income Or Grants
Cost Of Sales	847,952	708,969	772,364	659,810	584,118	485,745	412,767	361,066	536,039	374,583	468,518	380,982	415,419	375,610
Gross Profit	435,361	369,056	519,840	347,250	312,063	247,838	227,415	220,039	322,655	223,502	270,554	234,635	235,230	234,041
Admin Expenses	453,189	355,965	271,041	340,453	229,552	144,778	257,131	200,943	285,226	170,709	181,984	156,725	180,780	141,027	-111,979
Operating Profit	-17,828	13,091	248,799	6,797	82,511	103,060	-29,716	19,096	37,429	52,793	88,570	77,910	54,450	93,014	111,979
Interest Payable	5,018				304	557
Interest Receivable	1,903		721	173	34	11	434	406	566	423	170	82	74	155	133
Pre-Tax Profit	-20,943	13,091	249,520	6,970	82,241	102,514	-29,282	19,503	37,995	53,215	88,740	77,992	54,524	93,169	112,111
Tax		-1,947	-48,874	-1,324	-16,217	-18,545		-3,900	-7,599	-11,175	-20,410	-18,718	-14,176	-26,087	-31,391
Profit After Tax	-20,943	11,144	200,646	5,646	66,024	83,969	-29,282	15,602	30,396	42,040	68,330	59,274	40,348	67,082	80,720
Dividends Paid					68,760
Retained Profit	-20,943	11,144	200,646	5,646	-2,736	83,969	-29,282	15,602	30,396	42,040	68,330	59,274	40,348	67,082	80,720
Employee Costs	875,145	961,191	677,539	536,661	231,779	187,630	184,817	175,821	209,477	135,119	166,383	165,353	161,810	158,008
Number Of Employees	20	23	17	14	6	5	5	5	6	4	5	5	5	5
EBITDA*	-9,986	37,112	251,717	9,462	85,762	107,503	-24,356	24,754	43,286	58,108	94,505	81,508	54,450	93,014	116,622

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Oct 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	25,982	33,824	21,699	23,020	26,995	30,355	35,013	38,797	42,318	46,333	51,322	30,352	24,510	23,581	25,560
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	25,982	33,824	21,699	23,020	26,995	30,355	35,013	38,797	42,318	46,333	51,322	30,352	24,510	23,581	25,560
Stock & work in progress	281,362	216,074	192,122	207,322	178,447	187,931	190,708	138,494	161,587	193,641	183,334	204,438	115,579	106,261	55,034
Trade Debtors	74,399	209,743	128,410	81,833	129,025	119,853	127,026	128,975	197,521	115,150	159,253	118,285	147,539	134,873	56,816
Group Debtors	352,408	302,000
Misc Debtors	3,090	2,311	128,930		1,850	2,869	1,303	1,507	1,378	1,314	1,432	14,747	3,862
Cash	52,170	20,326	191,795	205,676	141,163	156,496	135,221	211,755	113,225	113,261	55,738	12,365	20,429	9,179	53,013
misc current assets
total current assets	763,429	750,454	641,257	494,831	450,485	467,149	454,258	480,731	473,711	423,366	399,757	349,835	287,409	250,313	164,863
total assets	789,411	784,278	662,956	517,851	477,480	497,504	489,271	519,528	516,029	469,699	451,079	380,187	311,919	273,894	190,423
Bank overdraft
Bank loan
Trade Creditors	53,255	146,936	50,943	117,793	24,257	36,203	47,306	44,039	57,351	37,846	49,673	47,408	54,959	62,060	97,007
Group/Directors Accounts	110,441								5,819	4,694	2,425	23,864
other short term finances	65,000	24,215
hp & lease commitments					1,593	3,004	3,121	3,194	2,890	2,587	2,283
other current liabilities	44,827	76,722	88,699		56,485	58,803	51,927	52,262	41,691	42,888	48,812	49,449	57,522	52,441
total current liabilities	273,523	247,873	139,642	117,793	82,335	98,010	102,354	99,495	107,751	88,015	103,193	120,721	112,481	114,501	97,007
loans
hp & lease commitments						1,593	4,597	7,717	10,911	13,802	16,389
Accruals and Deferred Income														6,866	7,629
other liabilities
provisions	6,496	6,070	4,123	4,273	5,006	5,026	6,810	7,524	8,177	9,088	14,743	11,042	10,288	3,725	4,067
total long term liabilities	6,496	6,070	4,123	4,273	5,006	6,619	11,407	15,241	19,088	22,890	31,132	11,042	10,288	10,591	11,696
total liabilities	280,019	253,943	143,765	122,066	87,341	104,629	113,761	114,736	126,839	110,905	134,325	131,763	122,769	125,092	108,703
net assets	509,392	530,335	519,191	395,785	390,139	392,875	375,510	404,792	389,190	358,794	316,754	248,424	189,150	148,802	81,720
total shareholders funds	509,392	530,335	519,191	395,785	390,139	392,875	375,510	404,792	389,190	358,794	316,754	248,424	189,150	148,802	81,720

	Sep 2023	Sep 2022	Oct 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-17,828	13,091	248,799	6,797	82,511	103,060	-29,716	19,096	37,429	52,793	88,570	77,910	54,450	93,014	111,979
Depreciation	7,842	24,021	2,918	2,665	3,251	4,443	5,360	5,658	5,857	5,315	5,935	3,598			4,643
Amortisation
Tax		-1,947	-48,874	-1,324	-16,217	-18,545		-3,900	-7,599	-11,175	-20,410	-18,718	-14,176	-26,087	-31,391
Stock	65,288	23,952	-15,200	28,875	-9,484	-2,777	52,214	-23,093	-32,054	10,307	-21,104	88,859	9,318	51,227	55,034
Debtors	-84,157	256,714	175,507	-49,042	8,153	-5,607	-2,153	-68,417	82,435	-44,221	27,653	-18,369	16,528	78,057	56,816
Creditors	-93,681	95,993	-66,850	93,536	-11,946	-11,103	3,267	-13,312	19,505	-11,827	2,265	-7,551	-7,101	-34,947	97,007
Accruals and Deferred Income	-31,895	-11,977	88,699	-56,485	-2,318	6,876	-335	10,571	-1,197	-5,924	-637	-8,073	-1,785	51,678	7,629
Deferred Taxes & Provisions	426	1,947	-150	-733	-20	-1,784	-714	-653	-911	-5,655	3,701	754	6,563	-342	4,067
Cash flow from operations	-116,267	-159,538	64,235	64,623	56,592	91,331	-72,199	108,970	2,703	57,441	72,875	-22,570	12,105	-45,968	82,084
Investing Activities
capital expenditure		-36,146	-1,597	1,310	109	215	-1,576	-2,137	-1,842	-326	-26,905	-9,440	-929	1,979	-30,203
Change in Investments
cash flow from investments		-36,146	-1,597	1,310	109	215	-1,576	-2,137	-1,842	-326	-26,905	-9,440	-929	1,979	-30,203
Financing Activities
Bank loans
Group/Directors Accounts	110,441							-5,819	1,125	2,269	-21,439	23,864
Other Short Term Loans	40,785	24,215
Long term loans
Hire Purchase and Lease Commitments				-1,593	-3,004	-3,121	-3,193	-2,890	-2,588	-2,283	18,672
other long term liabilities
share issue			-77,240			-66,604									1,000
interest	-3,115		721	173	-270	-546	434	406	566	423	170	82	74	155	133
cash flow from financing	148,111	24,215	-76,519	-1,420	-3,274	-70,271	-2,759	-8,303	-897	409	-2,597	23,946	74	155	1,133
cash and cash equivalents
cash	31,844	-171,469	-13,881	64,513	-15,333	21,275	-76,534	98,530	-36	57,523	43,373	-8,064	11,250	-43,834	53,013
overdraft
change in cash	31,844	-171,469	-13,881	64,513	-15,333	21,275	-76,534	98,530	-36	57,523	43,373	-8,064	11,250	-43,834	53,013

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CARRADICE OF NELSON LIMITED group structure

Carradice Of Nelson Limited has no subsidiary companies.

Ultimate parent company

AQUAPAC GROUP LIMITED

13571206

1 parent

CARRADICE OF NELSON LIMITED

01269407

CARRADICE OF NELSON LIMITED Shareholders

aquapac group limited

100%

Carradice Of Nelson Limited currently has 2 directors. The longest serving directors include Mr Michael Malavasi (Nov 2021) and Mr Massimo Malavasi (Nov 2021).

officer	country	age	start	end	role
Mr Michael Malavasi	England	68 years	Nov 2021	-	Director
Mr Massimo Malavasi	England	64 years	Nov 2021	-	Director

P&L

September 2023

turnover

1.3m

+19%

operating profit

-17.8k

gross margin

34%

-0.9%

turnover

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

Balance Sheet

September 2023

net assets

509.4k

-0.04%

total assets

789.4k

+0.01%

cash

52.2k

+1.57%

net assets

Total assets minus all liabilities

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company number

01269407

Type

Private limited with Share Capital

industry

32300 - Manufacture of sports goods

32990 - Other manufacturing n.e.c.

32500 - Manufacture of medical and dental instruments and supplies

incorporation date

July 1976

ultimate parent company

AQUAPAC GROUP LIMITED

previous names

N/A

address

westmoreland works, st. marys street, nelson, BB9 7BA

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 2 charges/mortgages relating to carradice of nelson limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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carradice of nelson limited Company Information

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carradice of nelson limited Estimated Valuation

carradice of nelson limited Estimated Valuation

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