Parkers Of Brigg (carpets) Limited

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parkers of brigg (carpets) limited Company Information

Live

MatureMicroDeclining

Company Number

01284172

Website

www.parkerscarpets.co.uk

Registered Address

37 wrawby street, brigg, n lincolnshire, DN20 8BS

Industry

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

Telephone

01652653808

Next Accounts Due

December 2024

Group Structure

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Directors

Trevor Smith13 Years

Louise Smith13 Years

Shareholders

louise gail smith 50%

trevor brian smith 50%

parkers of brigg (carpets) limited Estimated Valuation

£198.2k

Pomanda estimates the enterprise value of PARKERS OF BRIGG (CARPETS) LIMITED at £198.2k based on Net Assets of £203.9k and 0.97x industry multiple (adjusted for liquidity).

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Parkers Of Brigg (carpets) Limited is a live company located in n lincolnshire, DN20 8BS with a Companies House number of 01284172. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in November 1976, it's largest shareholder is louise gail smith with a 50% stake. Parkers Of Brigg (carpets) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £311.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Parkers Of Brigg (Carpets) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £311.4k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.2%)

EXPORT

Parkers Of Brigg (Carpets) Limited's latest turnover from March 2023 is estimated at £311.4 thousand and the company has net assets of £203.9 thousand. According to their latest financial statements, Parkers Of Brigg (Carpets) Limited has 4 employees and maintains cash reserves of £336 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	311,436	379,956	377,425	441,115	341,631	366,769	396,801	436,585	557,924	601,204	980,498	906,896	719,671	680,168
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	176,868	230,196	234,406	269,407	213,568	236,584	254,817	279,058	349,926	378,376	612,972	566,812	447,972	426,849
Gross Profit	134,568	149,760	143,018	171,708	128,063	130,186	141,984	157,527	207,998	222,828	367,526	340,084	271,699	253,319
Admin Expenses	123,915	134,518	124,736	177,994	100,378	111,023	140,607	155,387	206,963	253,010	359,902	359,729	244,018	28,921
Operating Profit	10,653	15,242	18,282	-6,286	27,685	19,163	1,377	2,140	1,035	-30,182	7,624	-19,645	27,681	224,398
Interest Payable	766	993	911	983	1,168	1,182	1,271	716	0	0	0	0	0	0
Interest Receivable	14	3	0	0	3	3	2	8	21	89	180	316	395	184
Pre-Tax Profit	9,901	14,252	17,372	-7,269	26,520	17,984	109	1,433	1,056	-30,093	7,804	-19,329	28,076	224,582
Tax	-1,881	-2,708	-3,301	0	-5,039	-3,417	-22	-286	-222	0	-1,873	0	-7,861	-62,883
Profit After Tax	8,020	11,544	14,071	-7,269	21,481	14,567	87	1,146	834	-30,093	5,931	-19,329	20,215	161,699
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,020	11,544	14,071	-7,269	21,481	14,567	87	1,146	834	-30,093	5,931	-19,329	20,215	161,699
Employee Costs	119,928	160,954	151,650	168,467	80,776	77,349	228,281	228,041	102,675	102,675	184,441	171,437	130,408	136,200
Number Of Employees	4	6	6	6	3	3	3	3	4	4	8	8	6	6
EBITDA*	25,932	27,311	29,342	3,395	38,130	26,989	8,694	8,753	8,503	-25,336	9,838	-14,961	32,609	230,480

* 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	194,027	153,802	140,944	123,378	132,439	84,285	75,857	59,519	55,655	36,823	22,344	17,563	18,148	23,076
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	0	0	0	0	0	0	0	0
Total Fixed Assets	194,027	153,802	140,944	123,378	132,439	84,285	75,857	59,519	55,655	36,823	22,344	17,563	18,148	23,076
Stock & work in progress	73,444	80,907	81,446	82,113	79,206	84,354	85,476	87,995	91,445	87,026	87,556	92,114	113,128	60,546
Trade Debtors	23,929	22,007	21,995	24,730	38,613	37,918	36,146	40,520	44,221	53,251	85,116	82,144	56,078	63,720
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,098	1,915	2,232	2,017	1,685	2,242	3,121	5,142	0	0	0	0	0	0
Cash	336	336	336	336	336	336	1,023	888	2,456	5,742	29,887	42,184	84,344	73,698
misc current assets	5,267	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	104,074	105,165	106,009	109,196	119,840	124,850	125,766	134,545	138,122	146,019	202,559	216,442	253,550	197,964
total assets	298,101	258,967	246,953	232,574	252,279	209,135	201,623	194,064	193,777	182,842	224,903	234,005	271,698	221,040
Bank overdraft	0	14,946	14,477	15,382	16,862	17,747	18,629	22,032	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	26,978	29,227	27,447	24,168	27,193	14,068	14,468	14,088	52,736	42,672	54,112	69,145	87,434	56,642
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	11,000	3,262	6,274	8,006	8,006	12,274	18,085	8,142	0	0	0	0	0	0
other current liabilities	10,794	14,223	12,990	12,044	11,777	7,725	7,931	7,603	0	0	0	0	0	0
total current liabilities	48,772	61,658	61,188	59,600	63,838	51,814	59,113	51,865	52,736	42,672	54,112	69,145	87,434	56,642
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	44,000	0	0	1,280	9,286	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	1,425	1,425	1,425	1,425	1,617	1,264	1,020	796	784	747	1,275	1,275	1,350	1,699
total long term liabilities	45,425	1,425	1,425	2,705	10,903	1,264	1,020	796	784	747	1,275	1,275	1,350	1,699
total liabilities	94,197	63,083	62,613	62,305	74,741	53,078	60,133	52,661	53,520	43,419	55,387	70,420	88,784	58,341
net assets	203,904	195,884	184,340	170,269	177,538	156,057	141,490	141,403	140,257	139,423	169,516	163,585	182,914	162,699
total shareholders funds	203,904	195,884	184,340	170,269	177,538	156,057	141,490	141,403	140,257	139,423	169,516	163,585	182,914	162,699

	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	10,653	15,242	18,282	-6,286	27,685	19,163	1,377	2,140	1,035	-30,182	7,624	-19,645	27,681	224,398
Depreciation	15,279	12,069	11,060	9,681	10,445	7,826	7,317	6,613	7,468	4,846	2,214	4,684	4,928	6,082
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,881	-2,708	-3,301	0	-5,039	-3,417	-22	-286	-222	0	-1,873	0	-7,861	-62,883
Stock	-7,463	-539	-667	2,907	-5,148	-1,122	-2,519	-3,450	4,419	-530	-4,558	-21,014	52,582	60,546
Debtors	1,105	-305	-2,520	-13,551	138	893	-6,395	1,441	-9,030	-31,865	2,972	26,066	-7,642	63,720
Creditors	-2,249	1,780	3,279	-3,025	13,125	-400	380	-38,648	10,064	-11,440	-15,033	-18,289	30,792	56,642
Accruals and Deferred Income	-3,429	1,233	946	267	4,052	-206	328	7,603	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-192	353	244	224	12	37	-528	0	-75	-349	1,699
Cash flow from operations	24,731	28,460	33,453	11,089	55,631	23,439	18,518	-20,557	22,993	-4,909	-5,482	-38,377	10,251	101,672
Investing Activities
capital expenditure	-55,504	-24,927	-28,626	-620	-58,599	-16,254	-23,655	-10,477	-26,300	-19,325	-6,995	-4,099	0	-29,158
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-55,504	-24,927	-28,626	-620	-58,599	-16,254	-23,655	-10,477	-26,300	-19,325	-6,995	-4,099	0	-29,158
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	51,738	-3,012	-3,012	-8,006	5,018	-5,811	9,943	8,142	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	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-752	-990	-911	-983	-1,165	-1,179	-1,269	-708	21	89	180	316	395	184
cash flow from financing	50,986	-4,002	-3,923	-8,989	3,853	-6,990	8,674	7,434	21	89	180	316	395	1,184
cash and cash equivalents
cash	0	0	0	0	0	-687	135	-1,568	-3,286	-24,145	-12,297	-42,160	10,646	73,698
overdraft	-14,946	469	-905	-1,480	-885	-882	-3,403	22,032	0	0	0	0	0	0
change in cash	14,946	-469	905	1,480	885	195	3,538	-23,600	-3,286	-24,145	-12,297	-42,160	10,646	73,698

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 parkers of brigg (carpets) 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 DN20 area or any other competitors across 12 key performance metrics.

PARKERS OF BRIGG (CARPETS) LIMITED group structure

Parkers Of Brigg (Carpets) Limited has no subsidiary companies.

Ultimate parent company

PARKERS OF BRIGG (CARPETS) LIMITED

01284172

PARKERS OF BRIGG (CARPETS) LIMITED Shareholders

louise gail smith	50%
trevor brian smith	50%

Parkers Of Brigg (Carpets) Limited currently has 2 directors. The longest serving directors include Mr Trevor Smith (Sep 2011) and Mrs Louise Smith (Sep 2011).

officer	country	age	start	end	role
Mr Trevor Smith	England	62 years	Sep 2011	-	Director
Mrs Louise Smith	England	61 years	Sep 2011	-	Director

P&L

March 2023

turnover

311.4k

-18%

operating profit

10.7k

gross margin

43.3%

+9.63%

turnover

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

Balance Sheet

March 2023

net assets

203.9k

+0.04%

total assets

298.1k

+0.15%

cash

336

net assets

Total assets minus all liabilities

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company number

01284172

Type

Private limited with Share Capital

industry

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

incorporation date

November 1976

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

37 wrawby street, brigg, n lincolnshire, DN20 8BS

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 parkers of brigg (carpets) limited. Currently there are 1 open charges and 1 have been satisfied in the past.

parkers of brigg (carpets) limited Company Information

parkers of brigg (carpets) limited Estimated Valuation

parkers of brigg (carpets) limited Estimated Valuation

parkers of brigg (carpets) limited Estimated Valuation

Parkers Of Brigg (carpets) Limited Overview

Parkers Of Brigg (carpets) Limited Health Check

PARKERS OF BRIGG (CARPETS) LIMITED financials

parkers of brigg (carpets) limited Credit Report and Business Information

Parkers Of Brigg (carpets) Limited Competitor Analysis

parkers of brigg (carpets) limited Ownership

parkers of brigg (carpets) limited directors

parkers of brigg (carpets) limited company details

parkers of brigg (carpets) limited Charges & Mortgages

parkers of brigg (carpets) limited Companies House Filings - See Documents