Silkgrange Limited

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silkgrange limited Company Information

Live

MatureSmallHealthy

Company Number

01528905

Website

www.silkgrange.co.uk

Registered Address

14 denehurst gardens, woodford green, essex, IG8 0PA

Industry

Wholesale of pharmaceutical goods

Telephone

02088855242

Next Accounts Due

December 2024

Group Structure

View All

Directors

Ramesh Patel32 Years

Hitesh Patel14 Years

Shareholders

hitesh ramesh patel 50%

shinal mahalingham 50%

silkgrange limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of SILKGRANGE LIMITED at £1.5m based on Net Assets of £737.1k and 2.06x industry multiple (adjusted for liquidity).

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Silkgrange Limited is a live company located in essex, IG8 0PA with a Companies House number of 01528905. It operates in the wholesale of pharmaceutical goods sector, SIC Code 46460. Founded in November 1980, it's largest shareholder is hitesh ramesh patel with a 50% stake. Silkgrange Limited is a mature, small sized company, Pomanda has estimated its turnover at £622.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Silkgrange Limited a 4.5 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

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £622.5k, make it smaller than the average company (£25.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.8%)

EXPORT

Silkgrange Limited's latest turnover from March 2023 is estimated at £622.5 thousand and the company has net assets of £737.1 thousand. According to their latest financial statements, Silkgrange Limited has 5 employees and maintains cash reserves of £882.4 thousand 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	622,496	686,404	474,555	485,040	555,490	324,398	409,714	414,799	464,902	377,319	490,454	462,032	466,873	495,825
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	545,879	605,010	416,311	426,422	488,768	290,086	365,253	364,466	407,027	334,075	438,923	415,673	423,543	441,681
Gross Profit	76,617	81,393	58,244	58,618	66,722	34,312	44,461	50,333	57,876	43,245	51,531	46,359	43,329	54,144
Admin Expenses	59,414	84,354	55,460	55,291	64,471	-1,877	14,978	3,383	-9,851	-8,543	3,789	3,877	2,318	-464,450
Operating Profit	17,203	-2,961	2,784	3,327	2,251	36,189	29,483	46,950	67,727	51,788	47,742	42,482	41,011	518,594
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	36,552	5,545	604	555	4,020	2,611	1,278	2,306	1,945	1,678	1,439	1,284	1,126	511
Pre-Tax Profit	53,756	2,584	3,388	3,881	6,270	38,800	30,761	49,256	69,672	53,466	49,182	43,766	42,138	519,106
Tax	-10,214	-491	-644	-737	-1,191	-7,372	-6,152	-9,851	-14,631	-12,297	-11,804	-11,379	-11,798	-145,350
Profit After Tax	43,542	2,093	2,744	3,144	5,079	31,428	24,609	39,405	55,041	41,169	37,378	32,387	30,339	373,756
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	43,542	2,093	2,744	3,144	5,079	31,428	24,609	39,405	55,041	41,169	37,378	32,387	30,339	373,756
Employee Costs	330,939	304,817	296,860	274,000	269,581	52,254	49,396	42,100	42,046	40,906	39,670	38,775	38,608	39,985
Number Of Employees	5	5	5	5	5	1	1	1	1	1	1	1	1	1
EBITDA*	17,203	-2,961	2,784	3,327	2,251	36,189	29,483	46,950	67,727	51,788	47,742	42,482	41,011	518,594

* 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	2	2	1	1	1	1	1	1	1	1	1	1	1	1
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	2	2	1	1	1	1	1	1	1	1	1	1	1	1
Stock & work in progress	68,346	57,659	53,842	77,544	116,489	120,970	113,511	112,525	128,841	121,923	146,146	135,919	136,961	133,739
Trade Debtors	44,521	64,169	45,047	75,060	88,771	80,307	102,332	100,786	117,576	102,755	117,357	119,503	111,608	137,196
Group Debtors	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
Cash	882,352	837,750	640,905	566,591	542,794	529,146	515,221	507,328	415,077	363,120	307,997	267,737	246,048	204,496
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	995,219	959,578	739,794	719,195	748,054	730,423	731,064	720,639	661,494	587,798	571,500	523,159	494,617	475,431
total assets	995,221	959,580	739,795	719,196	748,055	730,424	731,065	720,640	661,495	587,799	571,501	523,160	494,618	475,432
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	258,107	266,008	48,316	30,461	62,464	49,912	81,981	96,165	76,425	31,435	63,739	53,784	61,037	64,650
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	90	174	4
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	26,335	18,902	17,804	14,312	22,022
total current liabilities	258,107	266,008	48,316	30,461	62,464	49,912	81,981	96,165	76,425	57,770	82,641	71,678	75,523	86,676
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	258,107	266,008	48,316	30,461	62,464	49,912	81,981	96,165	76,425	57,770	82,641	71,678	75,523	86,676
net assets	737,114	693,572	691,479	688,735	685,591	680,512	649,084	624,475	585,070	530,029	488,860	451,482	419,095	388,756
total shareholders funds	737,114	693,572	691,479	688,735	685,591	680,512	649,084	624,475	585,070	530,029	488,860	451,482	419,095	388,756

	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	17,203	-2,961	2,784	3,327	2,251	36,189	29,483	46,950	67,727	51,788	47,742	42,482	41,011	518,594
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	-10,214	-491	-644	-737	-1,191	-7,372	-6,152	-9,851	-14,631	-12,297	-11,804	-11,379	-11,798	-145,350
Stock	10,687	3,817	-23,702	-38,945	-4,481	7,459	986	-16,316	6,918	-24,223	10,227	-1,042	3,222	133,739
Debtors	-19,648	19,122	-30,013	-13,711	8,464	-22,025	1,546	-16,790	14,821	-14,602	-2,146	7,895	-25,588	137,196
Creditors	-7,901	217,692	17,855	-32,003	12,552	-32,069	-14,184	19,740	44,990	-32,304	9,955	-7,253	-3,613	64,650
Accruals and Deferred Income	0	0	0	0	0	0	0	0	-26,335	7,433	1,098	3,492	-7,710	22,022
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	8,049	191,301	73,710	23,243	9,629	11,314	6,615	89,945	50,012	53,445	38,910	20,489	40,256	188,981
Investing Activities
capital expenditure	0	-1	0	0	0	0	0	0	0	0	0	0	0	-1
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-1	0	0	0	0	0	0	0	0	0	0	0	-1
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	-90	-84	170	4
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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	15,000
interest	36,552	5,545	604	555	4,020	2,611	1,278	2,306	1,945	1,678	1,439	1,284	1,126	511
cash flow from financing	36,552	5,545	604	555	4,020	2,611	1,278	2,306	1,945	1,678	1,349	1,200	1,296	15,515
cash and cash equivalents
cash	44,602	196,845	74,314	23,797	13,648	13,925	7,893	92,251	51,957	55,123	40,260	21,689	41,552	204,496
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	44,602	196,845	74,314	23,797	13,648	13,925	7,893	92,251	51,957	55,123	40,260	21,689	41,552	204,496

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 silkgrange 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 IG8 area or any other competitors across 12 key performance metrics.

SILKGRANGE LIMITED group structure

Silkgrange Limited has no subsidiary companies.

Ultimate parent company

SILKGRANGE LIMITED

01528905

SILKGRANGE LIMITED Shareholders

hitesh ramesh patel	50%
shinal mahalingham	50%

Silkgrange Limited currently has 2 directors. The longest serving directors include Mr Ramesh Patel (Nov 1991) and Mr Hitesh Patel (Mar 2010).

officer	country	age	start	end	role
Mr Ramesh Patel		80 years	Nov 1991	-	Director
Mr Hitesh Patel	United Kingdom	53 years	Mar 2010	-	Director

P&L

March 2023

turnover

622.5k

-9%

operating profit

17.2k

gross margin

12.4%

+3.8%

turnover

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

Balance Sheet

March 2023

net assets

737.1k

+0.06%

total assets

995.2k

+0.04%

cash

882.4k

+0.05%

net assets

Total assets minus all liabilities

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company number

01528905

Type

Private limited with Share Capital

industry

46460 - Wholesale of pharmaceutical goods

incorporation date

November 1980

ultimate parent company

None

previous names

N/A

address

14 denehurst gardens, woodford green, essex, IG8 0PA

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 1 charges/mortgages relating to silkgrange limited. Currently there are 1 open charges and 0 have been satisfied in the past.

silkgrange limited Company Information

silkgrange limited Estimated Valuation

silkgrange limited Estimated Valuation

silkgrange limited Estimated Valuation

Silkgrange Limited Overview

Silkgrange Limited Health Check

SILKGRANGE LIMITED financials

silkgrange limited Credit Report and Business Information

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silkgrange limited Ownership

silkgrange limited directors

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