gladston carpets & flooring ltd.

2.5

gladston carpets & flooring ltd. Company Information

Share GLADSTON CARPETS & FLOORING LTD.
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Company Number

01824431

Registered Address

1 coleshill street, sutton coldfield, west midlads, B72 1SD

Industry

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

 

Telephone

01827308600

Next Accounts Due

December 2024

Group Structure

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Directors

Gerald Kinsella32 Years

Daniel Kinsella20 Years

Shareholders

gerald dominic kinsella 26%

janet mary kinsella 25%

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gladston carpets & flooring ltd. Estimated Valuation

£896.1k

Pomanda estimates the enterprise value of GLADSTON CARPETS & FLOORING LTD. at £896.1k based on a Turnover of £2.7m and 0.33x industry multiple (adjusted for size and gross margin).

gladston carpets & flooring ltd. Estimated Valuation

£28.4k

Pomanda estimates the enterprise value of GLADSTON CARPETS & FLOORING LTD. at £28.4k based on an EBITDA of £7k and a 4.03x industry multiple (adjusted for size and gross margin).

gladston carpets & flooring ltd. Estimated Valuation

£593.1k

Pomanda estimates the enterprise value of GLADSTON CARPETS & FLOORING LTD. at £593.1k based on Net Assets of £193.3k and 3.07x industry multiple (adjusted for liquidity).

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Gladston Carpets & Flooring Ltd. Overview

Gladston Carpets & Flooring Ltd. is a live company located in west midlads, B72 1SD 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 £2.7m with low growth in recent years.

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Gladston Carpets & Flooring Ltd. Health Check

Pomanda's financial health check has awarded Gladston Carpets & Flooring Ltd. a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £2.7m, make it in line with the average company (£2.3m)

£2.7m - Gladston Carpets & Flooring Ltd.

£2.3m - Industry AVG

growth

Growth

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

3% - Gladston Carpets & Flooring Ltd.

2.2% - Industry AVG

production

Production

with a gross margin of 43.2%, this company has a comparable cost of product (43.2%)

43.2% - Gladston Carpets & Flooring Ltd.

43.2% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (5.3%)

-0.2% - Gladston Carpets & Flooring Ltd.

5.3% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (38)

10 - Gladston Carpets & Flooring Ltd.

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.5k, the company has an equivalent pay structure (£29.5k)

£29.5k - Gladston Carpets & Flooring Ltd.

£29.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £273.4k, this is more efficient (£167.5k)

£273.4k - Gladston Carpets & Flooring Ltd.

£167.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 65 days, this is later than average (33 days)

65 days - Gladston Carpets & Flooring Ltd.

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 38 days, this is quicker than average (53 days)

38 days - Gladston Carpets & Flooring Ltd.

53 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Gladston Carpets & Flooring Ltd.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)

0 weeks - Gladston Carpets & Flooring Ltd.

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.2%, this is a higher level of debt than the average (53.7%)

64.2% - Gladston Carpets & Flooring Ltd.

53.7% - Industry AVG

GLADSTON CARPETS & FLOORING LTD. financials

EXPORTms excel logo

Gladston Carpets & Flooring Ltd.'s latest turnover from March 2023 is estimated at £2.7 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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,734,4542,847,7662,981,2472,521,2482,424,6113,523,7524,177,3163,968,2385,217,4054,936,5274,834,4745,399,0454,393,4843,437,274
Other Income Or Grants00000000000000
Cost Of Sales1,552,9281,725,3181,851,5561,539,8281,515,7282,268,6712,707,0582,536,4363,261,0723,101,6403,015,0313,368,6972,727,2462,155,818
Gross Profit1,181,5261,122,4481,129,691981,420908,8831,255,0811,470,2581,431,8021,956,3341,834,8871,819,4442,030,3481,666,2381,281,457
Admin Expenses1,186,5941,119,3551,066,908990,547991,2541,193,7141,431,4891,391,1851,961,0491,844,4091,835,5452,047,5221,673,1481,002,480
Operating Profit-5,0683,09362,783-9,127-82,37161,36738,76940,617-4,715-9,522-16,101-17,174-6,910278,977
Interest Payable9,2516,0173,4442,7951,8898898550000000
Interest Receivable41004530047471523233116
Pre-Tax Profit-14,314-2,92459,340-11,922-84,21460,50937,91540,664-4,668-9,507-16,078-17,151-6,879278,993
Tax00-11,27500-11,497-7,583-8,13300000-78,118
Profit After Tax-14,314-2,92448,065-11,922-84,21449,01230,33232,531-4,668-9,507-16,078-17,151-6,879200,875
Dividends Paid00000000000000
Retained Profit-14,314-2,92448,065-11,922-84,21449,01230,33232,531-4,668-9,507-16,078-17,151-6,879200,875
Employee Costs295,026268,257227,475252,701296,180283,613282,845275,432863,006795,729829,9861,028,623695,507590,201
Number Of Employees10109911111111343136483226
EBITDA*7,03617,54371,433-6,949-79,91663,86541,73143,658-2,354-6,895-10,983-10,843-671287,182

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets44,79753,05064,4189,55811,19411,91612,78714,8699,49311,85415,69022,86525,11724,148
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets44,79753,05064,4189,55811,19411,91612,78714,8699,49311,85415,69022,86525,11724,148
Stock & work in progress00016,50015,25015,50017,65015,80017,00018,72018,17513,85214,52613,042
Trade Debtors490,590502,145508,561456,468399,922543,966580,046515,963511,874520,057461,343570,254508,555388,928
Group Debtors00000000000000
Misc Debtors3,80120,9287,40217,80815,76715,4626,6950000000
Cash10010010010010012,02110010018,5821005,8243,3135,8946,587
misc current assets00000000000000
total current assets494,491523,173516,063490,876431,039586,949604,491531,863547,456538,877485,342587,419528,975408,557
total assets539,288576,223580,481500,434442,233598,865617,278546,732556,949550,731501,032610,284554,092432,705
Bank overdraft56,09566,99233,91635,66855,960027,3490000000
Bank loan00000000000000
Trade Creditors 162,440185,353155,021165,400149,293212,482262,712367,509410,257399,371340,165433,339359,996231,730
Group/Directors Accounts00000016,9300000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities95,61872,177125,476135,11960,500121,575100,7320000000
total current liabilities314,153324,522314,413336,187265,753340,298407,723367,509410,257399,371340,165433,339359,996231,730
loans23,36634,04943,33300000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions8,51110,08012,2391,8162,127000000000
total long term liabilities31,87744,12955,5721,8162,127000000000
total liabilities346,030368,651369,985338,003267,880340,298407,723367,509410,257399,371340,165433,339359,996231,730
net assets193,258207,572210,496162,431174,353258,567209,555179,223146,692151,360160,867176,945194,096200,975
total shareholders funds193,258207,572210,496162,431174,353258,567209,555179,223146,692151,360160,867176,945194,096200,975
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-5,0683,09362,783-9,127-82,37161,36738,76940,617-4,715-9,522-16,101-17,174-6,910278,977
Depreciation12,10414,4508,6502,1782,4552,4982,9623,0412,3612,6275,1186,3316,2398,205
Amortisation00000000000000
Tax00-11,27500-11,497-7,583-8,13300000-78,118
Stock00-16,5001,250-250-2,1501,850-1,200-1,7205454,323-6741,48413,042
Debtors-28,6827,11041,68758,587-143,739-27,31370,7784,089-8,18358,714-108,91161,699119,627388,928
Creditors-22,91330,332-10,37916,107-63,189-50,230-104,797-42,74810,88659,206-93,17473,343128,266231,730
Accruals and Deferred Income23,441-53,299-9,64374,619-61,07520,843100,7320000000
Deferred Taxes & Provisions-1,569-2,15910,423-3112,127000000000
Cash flow from operations34,677-14,69325,37223,629-58,06452,444-42,545-10,11218,435-6,9484311,4756,48438,824
Investing Activities
capital expenditure-3,851-3,082-63,510-542-1,733-1,627-880-8,41701,2092,057-4,079-7,208-32,353
Change in Investments00000000000000
cash flow from investments-3,851-3,082-63,510-542-1,733-1,627-880-8,41701,2092,057-4,079-7,208-32,353
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000-16,93016,9300000000
Other Short Term Loans 00000000000000
Long term loans-10,683-9,28443,33300000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000000100
interest-9,247-6,016-3,444-2,795-1,844-859-85547471523233116
cash flow from financing-19,930-15,30039,889-2,795-1,844-17,78916,075474715232331116
cash and cash equivalents
cash0000-11,92111,9210-18,48218,482-5,7242,511-2,581-6936,587
overdraft-10,89733,076-1,752-20,29255,960-27,34927,3490000000
change in cash10,897-33,0761,75220,292-67,88139,270-27,349-18,48218,482-5,7242,511-2,581-6936,587

gladston carpets & flooring ltd. 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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Gladston Carpets & Flooring Ltd. Competitor Analysis

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Perform a competitor analysis for gladston carpets & flooring ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.

gladston carpets & flooring ltd. Ownership

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%
daniel william kinsella 22%
jacci kinsella 22%
mrs christine ann ives 5%

gladston carpets & flooring ltd. directors

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

officercountryagestartendrole
Mr Gerald Kinsella81 years Dec 1991- Director
Mr Daniel KinsellaEngland50 years Feb 2004- Director

P&L

March 2023

turnover

2.7m

-4%

operating profit

-5.1k

0%

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

193.3k

-0.07%

total assets

539.3k

-0.06%

cash

100

0%

net assets

Total assets minus all liabilities

gladston carpets & flooring ltd. company details

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

age

40

accounts

Total Exemption Full

ultimate parent company

None

previous names

gladston carpets (1984) limited (November 1990)

penndore limited (November 1985)

incorporated

UK

address

1 coleshill street, sutton coldfield, west midlads, B72 1SD

last accounts submitted

March 2023

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

charges

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

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