acclaim upholstery company limited

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acclaim upholstery company limited Company Information

Share ACCLAIM UPHOLSTERY COMPANY LIMITED
Live (In Receivership)
MatureMidLow

Company Number

01733199

Registered Address

c/o begbies traynor, 2 harcourt way, meridian business park, leicester, LE19 1WP

Industry

Manufacture of other furniture

 

Telephone

441159723362

Next Accounts Due

89 days late

Group Structure

View All

Directors

Glen Travers20 Years

Aidan Travers17 Years

View All

Shareholders

long eaton furniture company ltd 100%

acclaim upholstery company limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of ACCLAIM UPHOLSTERY COMPANY LIMITED at £1.5m based on a Turnover of £7.1m and 0.21x industry multiple (adjusted for size and gross margin).

acclaim upholstery company limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACCLAIM UPHOLSTERY COMPANY LIMITED at £0 based on an EBITDA of £-407.2k and a 2.45x industry multiple (adjusted for size and gross margin).

acclaim upholstery company limited Estimated Valuation

£272.6k

Pomanda estimates the enterprise value of ACCLAIM UPHOLSTERY COMPANY LIMITED at £272.6k based on Net Assets of £156.1k and 1.75x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2022 

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Acclaim Upholstery Company Limited Overview

Acclaim Upholstery Company Limited is a live company located in meridian business park, LE19 1WP with a Companies House number of 01733199. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in June 1983, it's largest shareholder is long eaton furniture company ltd with a 100% stake. Acclaim Upholstery Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.1m with low growth in recent years.

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Acclaim Upholstery Company Limited Health Check

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

Health Check Image
Health Rating3out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £7.1m, make it in line with the average company (£8.4m)

£7.1m - Acclaim Upholstery Company Limited

£8.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (1.4%)

4% - Acclaim Upholstery Company Limited

1.4% - Industry AVG

production

Production

with a gross margin of 8%, this company has a higher cost of product (31.5%)

8% - Acclaim Upholstery Company Limited

31.5% - Industry AVG

profitability

Profitability

an operating margin of -6.3% make it less profitable than the average company (4.4%)

-6.3% - Acclaim Upholstery Company Limited

4.4% - Industry AVG

employees

Employees

with 144 employees, this is above the industry average (75)

144 - Acclaim Upholstery Company Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.3k, the company has a lower pay structure (£30.6k)

£20.3k - Acclaim Upholstery Company Limited

£30.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £49k, this is less efficient (£112.3k)

£49k - Acclaim Upholstery Company Limited

£112.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is near the average (47 days)

40 days - Acclaim Upholstery Company Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 86 days, this is slower than average (43 days)

86 days - Acclaim Upholstery Company Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 30 days, this is less than average (55 days)

30 days - Acclaim Upholstery Company Limited

55 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)

0 weeks - Acclaim Upholstery Company Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.3%, this is a higher level of debt than the average (67.8%)

94.3% - Acclaim Upholstery Company Limited

67.8% - Industry AVG

acclaim upholstery company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Acclaim Upholstery Company Limited Competitor Analysis

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Perform a competitor analysis for acclaim upholstery company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

acclaim upholstery company limited Ownership

ACCLAIM UPHOLSTERY COMPANY LIMITED group structure

Acclaim Upholstery Company Limited has no subsidiary companies.

Ultimate parent company

1 parent

ACCLAIM UPHOLSTERY COMPANY LIMITED

01733199

ACCLAIM UPHOLSTERY COMPANY LIMITED Shareholders

long eaton furniture company ltd 100%

acclaim upholstery company limited directors

Acclaim Upholstery Company Limited currently has 6 directors. The longest serving directors include Mr Glen Travers (Jul 2003) and Mr Aidan Travers (Mar 2007).

officercountryagestartendrole
Mr Glen TraversEngland50 years Jul 2003- Director
Mr Aidan TraversUnited Kingdom52 years Mar 2007- Director
Ms Susan Smith51 years Dec 2019- Director
Ms Sharon Barley54 years Dec 2019- Director
Mr Simon Richmond64 years Dec 2019- Director
Mr Robin Birtles50 years Dec 2019- Director

ACCLAIM UPHOLSTERY COMPANY LIMITED financials

EXPORTms excel logo

Acclaim Upholstery Company Limited's latest turnover from March 2022 is £7.1 million and the company has net assets of £156.1 thousand. According to their latest financial statements, Acclaim Upholstery Company Limited has 144 employees and maintains cash reserves of £3.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jan 2013Jul 2011Jul 2010Jul 2009
Turnover7,058,08810,657,3596,312,3356,362,7646,168,3855,551,7283,831,3164,193,8514,308,4294,933,8535,841,6743,137,1063,904,8950
Other Income Or Grants00000000000000
Cost Of Sales6,495,7099,007,1574,379,8344,336,1074,178,3893,750,5562,478,2642,752,9102,924,7953,336,7913,952,6792,025,7732,463,6620
Gross Profit562,3791,650,2021,932,5022,026,6571,989,9961,801,1721,353,0521,440,9421,383,6341,597,0621,888,9941,111,3341,441,2330
Admin Expenses1,008,9721,368,0721,685,2861,975,4621,985,9501,739,1301,794,5731,422,4591,381,273852,4141,212,0511,094,5941,361,757-614,040
Operating Profit-446,593282,130247,21651,1954,04662,042-441,52118,4832,361744,648676,94316,74079,476614,040
Interest Payable9,55413,37910,675000000009,15911,6766,876
Interest Receivable3463792,0005363762,1492,4301,135132154287527444
Pre-Tax Profit-456,144268,797236,92053,1954,58162,419-439,37220,9133,496744,779677,0977,86968,328607,608
Tax74,863-22,460-45,015-10,107-870-11,8600-4,182-734-171,299-162,503-2,046-19,132-170,130
Profit After Tax-381,281246,337191,90543,0883,71150,559-439,37216,7302,762573,480514,5945,82349,196437,478
Dividends Paid0152,000000000000000
Retained Profit-381,28194,337191,90543,0883,71150,559-439,37216,7302,762573,480514,5945,82349,196437,478
Employee Costs2,918,1084,261,7844,026,7493,983,7363,520,5063,145,8181,049,0001,135,6281,122,3741,318,1631,478,211805,3301,086,4340
Number Of Employees144140134135123111374141505732430
EBITDA*-407,215351,464326,923129,33784,253136,981-405,76241,37919,760752,069703,88052,773118,821658,376

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jan 2013Jul 2011Jul 2010Jul 2009
Tangible Assets241,386267,378314,768380,553410,388390,847174,084180,87590,27784,41783,245565,649593,348625,861
Intangible Assets0000000000003,0006,000
Investments & Other00000000000919191
Debtors (Due After 1 year)00000000000000
Total Fixed Assets241,386267,378314,768380,553410,388390,847174,084180,87590,27784,41783,245565,740596,439631,952
Stock & work in progress549,743449,652313,113273,113206,789195,411206,639196,543151,689172,324167,112134,544184,621114,556
Trade Debtors780,072397,942442,630464,686554,937526,488622,416702,740799,811971,3721,074,498559,550738,039407,808
Group Debtors1,003,449810,556654,556088,579000000000
Misc Debtors148,91973,50653,02748,44055,672203,53228,476000199,465000
Cash3,841199,248426,066330,983202,47211,879289,023570,457401,34552,68361,58081,66733,316177,650
misc current assets00000000000000
total current assets2,486,0241,930,9041,889,3921,117,2221,108,449937,3101,146,5541,469,7401,352,8451,196,3791,502,655775,761955,976700,014
total assets2,727,4102,198,2822,204,1601,497,7751,518,8371,328,1571,320,6381,650,6151,443,1221,280,7961,585,9001,341,5011,552,4151,331,966
Bank overdraft0017,50000000000000
Bank loan70,00070,000000000000000
Trade Creditors 1,540,320805,092652,311641,781680,347552,373615,0501,020,597845,309686,8861,050,400563,018708,423433,658
Group/Directors Accounts000571,98613,8537,8840000000
other short term finances00000000000000
hp & lease commitments018,53328,10028,10032,23540,76715,5390000000
other current liabilities695,178461,276660,926467,831455,441347,666479,7880000000
total current liabilities2,305,4981,354,9011,358,8371,137,7691,170,009954,6591,118,2611,020,597845,309686,8861,050,400563,018708,423433,658
loans215,833262,500332,50000000000134,107147,707211,554
hp & lease commitments0018,53346,63374,733106,96816,8030000000
Accruals and Deferred Income00000000000000
other liabilities00000003,1336,2659,39810,965146,980197,669228,279
provisions49,96043,48151,22762,21566,02562,17131,77433,71315,10610,8329,7414,69911,74220,797
total long term liabilities265,793305,981402,260108,848140,758169,13948,57736,84621,37120,23020,706285,786357,118460,630
total liabilities2,571,2911,660,8821,761,0971,246,6171,310,7671,123,7981,166,8381,057,443866,680707,1161,071,106848,8041,065,541894,288
net assets156,119537,400443,063251,158208,070204,359153,800593,172576,442573,680514,794492,697486,874437,678
total shareholders funds156,119537,400443,063251,158208,070204,359153,800593,172576,442573,680514,794492,697486,874437,678
Mar 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jan 2013Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit-446,593282,130247,21651,1954,04662,042-441,52118,4832,361744,648676,94316,74079,476614,040
Depreciation39,37869,33479,70778,14280,20774,93935,75922,89617,3997,42126,93733,03336,34541,336
Amortisation000000000003,0003,0003,000
Tax74,863-22,460-45,015-10,107-870-11,8600-4,182-734-171,299-162,503-2,046-19,132-170,130
Stock100,091136,53940,00066,32411,378-11,22810,09644,854-20,635172,324167,112-50,07770,065114,556
Debtors650,436131,791637,087-186,062-30,83279,128-51,848-97,071-171,561971,3721,273,963-178,489330,231407,808
Creditors735,228152,78110,530-38,566127,974-62,677-405,547175,288158,423686,8861,050,400-145,405274,765433,658
Accruals and Deferred Income233,902-199,650193,09512,390107,775-132,122479,7880000000
Deferred Taxes & Provisions6,479-7,746-10,988-3,8103,85430,397-1,93918,6074,27410,8329,741-7,043-9,05520,797
Cash flow from operations-107,2706,059-202,542208,982342,440-107,181-291,708283,309373,919134,792160,443126,845-34,897420,337
Investing Activities
capital expenditure00-13,922-48,307-99,748-291,702-28,968-113,494-23,259-91,838-110,182-5,334-3,832-676,197
Change in Investments000000000000091
cash flow from investments00-13,922-48,307-99,748-291,702-28,968-113,494-23,259-91,838-110,182-5,334-3,832-676,288
Financing Activities
Bank loans070,000000000000000
Group/Directors Accounts00-57-1,929-11,8675,9697,8840000000
Other Short Term Loans 00000000000000
Long term loans-46,667-70,000332,50000000000-13,600-63,847211,554
Hire Purchase and Lease Commitments-18,533-28,100-28,100-32,235-40,767115,39332,3420000000
other long term liabilities000000-3,133-3,132-3,1339,39810,965-50,689-30,610228,279
share issue00000000020020000200
interest-9,551-13,333-10,2962,0005363762,1492,4301,135132154-8,872-11,149-6,432
cash flow from financing-74,751-41,433294,047-32,164-52,098121,73839,242-702-1,9989,73011,319-73,161-105,606433,601
cash and cash equivalents
cash-195,407-226,81895,083128,511190,593-277,144-281,434169,112348,66252,68361,58048,351-144,334177,650
overdraft0-17,50017,50000000000000
change in cash-195,407-209,31877,583128,511190,593-277,144-281,434169,112348,66252,68361,58048,351-144,334177,650

P&L

March 2022

turnover

7.1m

-34%

operating profit

-446.6k

-258%

gross margin

8%

-48.54%

turnover

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

Balance Sheet

March 2022

net assets

156.1k

-0.71%

total assets

2.7m

+0.24%

cash

3.8k

-0.98%

net assets

Total assets minus all liabilities

acclaim upholstery company limited company details

company number

01733199

Type

Private limited with Share Capital

industry

31090 - Manufacture of other furniture

incorporation date

June 1983

age

41

accounts

Full Accounts

previous names

venusclass limited (July 1983)

incorporated

UK

address

c/o begbies traynor, 2 harcourt way, meridian business park, leicester, LE19 1WP

last accounts submitted

March 2022

acclaim upholstery company limited Charges & Mortgages

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 6 charges/mortgages relating to acclaim upholstery company limited. Currently there are 2 open charges and 4 have been satisfied in the past.

charges

acclaim upholstery company limited Companies House Filings - See Documents

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