Gladston Carpets & Flooring Ltd.

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gladston carpets & flooring ltd. Company Information

Live

MatureSmallHealthy

Company Number

01824431

Next Accounts

28 days late

Industry

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

Directors

Gerald Kinsella

Daniel Kinsella

Shareholders

gerald dominic kinsella

janet mary kinsella

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Group Structure

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Contact

Registered Address

unit 1 shenstone storage estate, shenstone, lichfield, staffordshire, WS14 0EA

Website

www.gladston.co.uk

gladston carpets & flooring ltd. Estimated Valuation

£992.2k

Pomanda estimates the enterprise value of GLADSTON CARPETS & FLOORING LTD. at £992.2k based on a Turnover of £2.8m and 0.36x industry multiple (adjusted for size and gross margin).

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Gladston Carpets & Flooring Ltd. is a live company located in lichfield, WS14 0EA with a Companies House number of 01824431. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in June 1984, it's largest shareholder is gerald dominic kinsella with a 26% stake. Gladston Carpets & Flooring Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gladston Carpets & Flooring Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £2.8m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.2%)

EXPORT

Gladston Carpets & Flooring Ltd.'s latest turnover from March 2023 is estimated at £2.8 million and the company has net assets of £193.3 thousand. According to their latest financial statements, Gladston Carpets & Flooring Ltd. has 10 employees and maintains cash reserves of £100 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	2,752,444	2,871,091	2,888,713	2,284,098	2,345,580	3,488,676	4,094,897	3,934,918	5,169,603	4,774,039	4,727,402	5,262,881	4,410,093	3,488,132
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,575,258	1,739,643	1,787,626	1,386,513	1,456,764	2,241,817	2,618,746	2,506,730	3,221,935	2,992,632	2,955,312	3,289,312	2,737,556	2,189,025
Gross Profit	1,177,186	1,131,448	1,101,087	897,585	888,816	1,246,859	1,476,151	1,428,189	1,947,668	1,781,407	1,772,090	1,973,570	1,672,537	1,299,106
Admin Expenses	1,182,254	1,128,355	1,038,304	906,712	971,187	1,185,492	1,437,382	1,387,572	1,952,383	1,790,929	1,788,191	1,990,744	1,679,447	1,020,129
Operating Profit	-5,068	3,093	62,783	-9,127	-82,371	61,367	38,769	40,617	-4,715	-9,522	-16,101	-17,174	-6,910	278,977
Interest Payable	9,251	6,017	3,444	2,795	1,889	889	855	0	0	0	0	0	0	0
Interest Receivable	4	1	0	0	45	30	0	47	47	15	23	23	31	16
Pre-Tax Profit	-14,314	-2,924	59,340	-11,922	-84,214	60,509	37,915	40,664	-4,668	-9,507	-16,078	-17,151	-6,879	278,993
Tax	0	0	-11,275	0	0	-11,497	-7,583	-8,133	0	0	0	0	0	-78,118
Profit After Tax	-14,314	-2,924	48,065	-11,922	-84,214	49,012	30,332	32,531	-4,668	-9,507	-16,078	-17,151	-6,879	200,875
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-14,314	-2,924	48,065	-11,922	-84,214	49,012	30,332	32,531	-4,668	-9,507	-16,078	-17,151	-6,879	200,875
Employee Costs	303,920	266,729	226,949	247,635	296,180	280,961	278,221	274,920	863,006	773,472	786,783	847,649	702,489	612,901
Number Of Employees	10	10	9	9	11	11	11	11	34	30	33	39	32	27
EBITDA*	7,036	17,543	71,433	-6,949	-79,916	63,865	41,731	43,658	-2,354	-6,895	-10,983	-10,843	-671	287,182

* 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	44,797	53,050	64,418	9,558	11,194	11,916	12,787	14,869	9,493	11,854	15,690	22,865	25,117	24,148
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	44,797	53,050	64,418	9,558	11,194	11,916	12,787	14,869	9,493	11,854	15,690	22,865	25,117	24,148
Stock & work in progress	0	0	0	16,500	15,250	15,500	17,650	15,800	17,000	18,720	18,175	13,852	14,526	13,042
Trade Debtors	490,590	502,145	508,561	456,468	399,922	543,966	580,046	515,963	511,874	520,057	461,343	570,254	508,555	388,928
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,801	20,928	7,402	17,808	15,767	15,462	6,695	0	0	0	0	0	0	0
Cash	100	100	100	100	100	12,021	100	100	18,582	100	5,824	3,313	5,894	6,587
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	494,491	523,173	516,063	490,876	431,039	586,949	604,491	531,863	547,456	538,877	485,342	587,419	528,975	408,557
total assets	539,288	576,223	580,481	500,434	442,233	598,865	617,278	546,732	556,949	550,731	501,032	610,284	554,092	432,705
Bank overdraft	56,095	66,992	33,916	35,668	55,960	0	27,349	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	162,440	185,353	155,021	165,400	149,293	212,482	262,712	367,509	410,257	399,371	340,165	433,339	359,996	231,730
Group/Directors Accounts	0	0	0	0	0	0	16,930	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	95,618	72,177	125,476	135,119	60,500	121,575	100,732	0	0	0	0	0	0	0
total current liabilities	314,153	324,522	314,413	336,187	265,753	340,298	407,723	367,509	410,257	399,371	340,165	433,339	359,996	231,730
loans	23,366	34,049	43,333	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	8,511	10,080	12,239	1,816	2,127	0	0	0	0	0	0	0	0	0
total long term liabilities	31,877	44,129	55,572	1,816	2,127	0	0	0	0	0	0	0	0	0
total liabilities	346,030	368,651	369,985	338,003	267,880	340,298	407,723	367,509	410,257	399,371	340,165	433,339	359,996	231,730
net assets	193,258	207,572	210,496	162,431	174,353	258,567	209,555	179,223	146,692	151,360	160,867	176,945	194,096	200,975
total shareholders funds	193,258	207,572	210,496	162,431	174,353	258,567	209,555	179,223	146,692	151,360	160,867	176,945	194,096	200,975

	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	-5,068	3,093	62,783	-9,127	-82,371	61,367	38,769	40,617	-4,715	-9,522	-16,101	-17,174	-6,910	278,977
Depreciation	12,104	14,450	8,650	2,178	2,455	2,498	2,962	3,041	2,361	2,627	5,118	6,331	6,239	8,205
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-11,275	0	0	-11,497	-7,583	-8,133	0	0	0	0	0	-78,118
Stock	0	0	-16,500	1,250	-250	-2,150	1,850	-1,200	-1,720	545	4,323	-674	1,484	13,042
Debtors	-28,682	7,110	41,687	58,587	-143,739	-27,313	70,778	4,089	-8,183	58,714	-108,911	61,699	119,627	388,928
Creditors	-22,913	30,332	-10,379	16,107	-63,189	-50,230	-104,797	-42,748	10,886	59,206	-93,174	73,343	128,266	231,730
Accruals and Deferred Income	23,441	-53,299	-9,643	74,619	-61,075	20,843	100,732	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,569	-2,159	10,423	-311	2,127	0	0	0	0	0	0	0	0	0
Cash flow from operations	34,677	-14,693	25,372	23,629	-58,064	52,444	-42,545	-10,112	18,435	-6,948	431	1,475	6,484	38,824
Investing Activities
capital expenditure	-3,851	-3,082	-63,510	-542	-1,733	-1,627	-880	-8,417	0	1,209	2,057	-4,079	-7,208	-32,353
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,851	-3,082	-63,510	-542	-1,733	-1,627	-880	-8,417	0	1,209	2,057	-4,079	-7,208	-32,353
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	-16,930	16,930	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	-10,683	-9,284	43,333	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	100
interest	-9,247	-6,016	-3,444	-2,795	-1,844	-859	-855	47	47	15	23	23	31	16
cash flow from financing	-19,930	-15,300	39,889	-2,795	-1,844	-17,789	16,075	47	47	15	23	23	31	116
cash and cash equivalents
cash	0	0	0	0	-11,921	11,921	0	-18,482	18,482	-5,724	2,511	-2,581	-693	6,587
overdraft	-10,897	33,076	-1,752	-20,292	55,960	-27,349	27,349	0	0	0	0	0	0	0
change in cash	10,897	-33,076	1,752	20,292	-67,881	39,270	-27,349	-18,482	18,482	-5,724	2,511	-2,581	-693	6,587

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 gladston carpets & flooring ltd. by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WS14 area or any other competitors across 12 key performance metrics.

GLADSTON CARPETS & FLOORING LTD. group structure

Gladston Carpets & Flooring Ltd. has no subsidiary companies.

Ultimate parent company

GLADSTON CARPETS & FLOORING LTD.

01824431

GLADSTON CARPETS & FLOORING LTD. Shareholders

gerald dominic kinsella	26%
janet mary kinsella	25%
jacci kinsella	22%
daniel william kinsella	22%
mrs christine ann ives	5%

Gladston Carpets & Flooring Ltd. currently has 2 directors. The longest serving directors include Mr Gerald Kinsella (Dec 1991) and Mr Daniel Kinsella (Feb 2004).

officer	country	age	start	end	role
Mr Gerald Kinsella		81 years	Dec 1991	-	Director
Mr Daniel Kinsella	England	50 years	Feb 2004	-	Director

P&L

March 2023

turnover

2.8m

-4%

operating profit

-5.1k

gross margin

42.8%

+8.53%

turnover

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

Balance Sheet

March 2023

net assets

193.3k

-0.07%

total assets

539.3k

-0.06%

cash

100

net assets

Total assets minus all liabilities

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company number

01824431

Type

Private limited with Share Capital

industry

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

incorporation date

June 1984

ultimate parent company

None

previous names

gladston carpets (1984) limited (November 1990)

penndore limited (November 1985)

address

unit 1 shenstone storage estate, shenstone, lichfield, staffordshire, WS14 0EA

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 gladston carpets & flooring ltd.. Currently there are 1 open charges and 0 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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gladston carpets & flooring ltd. Company Information

gladston carpets & flooring ltd. Estimated Valuation

gladston carpets & flooring ltd. Estimated Valuation

gladston carpets & flooring ltd. Estimated Valuation

Gladston Carpets & Flooring Ltd. Overview

Gladston Carpets & Flooring Ltd. Health Check

GLADSTON CARPETS & FLOORING LTD. financials

gladston carpets & flooring ltd. Credit Report and Business Information

Gladston Carpets & Flooring Ltd. Competitor Analysis

gladston carpets & flooring ltd. Ownership

gladston carpets & flooring ltd. directors

gladston carpets & flooring ltd. company details

gladston carpets & flooring ltd. Charges & Mortgages

gladston carpets & flooring ltd. Capital Raised & Share Issues BETA

gladston carpets & flooring ltd. Companies House Filings - See Documents