G.d. Yarns Limited

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g.d. yarns limited Company Information

Live

MatureMidDeclining

Company Number

01938431

Website

www.gdyarns.co.uk

Registered Address

pawan house 200 gorton road, manchester, M12 5DX

Industry

Wholesale of textiles

Telephone

01612310055

Next Accounts Due

December 2024

Group Structure

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Directors

Theresa Green32 Years

Pardeep Passi32 Years

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Shareholders

artee passi 50%

pardeep kumar passi 50%

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g.d. yarns limited Estimated Valuation

£15.4m

Pomanda estimates the enterprise value of G.D. YARNS LIMITED at £15.4m based on Net Assets of £8.3m and 1.85x industry multiple (adjusted for liquidity).

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G.d. Yarns Limited is a live company located in manchester, M12 5DX with a Companies House number of 01938431. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in August 1985, it's largest shareholder is artee passi with a 50% stake. G.d. Yarns Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.6m with declining growth in recent years.

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Pomanda's financial health check has awarded G.D. Yarns Limited a 4 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 Rating4out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £10.6m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (3.9%)

EXPORT

G.D. Yarns Limited's latest turnover from March 2023 is estimated at £10.6 million and the company has net assets of £8.3 million. According to their latest financial statements, G.D. Yarns Limited has 12 employees and maintains cash reserves of £196.2 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	10,592,410	9,937,766	9,137,189	11,188,114	10,322,837	10,371,547	9,580,146	11,340,320	14,873,171	18,915,002	21,158,084	20,401,457	18,455,144	14,689,895
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,522,805	7,099,746	6,675,272	8,219,717	7,736,659	7,755,227	7,147,216	8,947,426	11,017,257	14,218,917	17,087,620	15,405,645	13,980,940	11,792,227
Gross Profit	3,069,604	2,838,020	2,461,917	2,968,396	2,586,178	2,616,320	2,432,930	2,392,894	3,855,914	4,696,085	4,070,464	4,995,812	4,474,204	2,897,668
Admin Expenses	2,929,598	2,767,931	2,208,658	3,301,456	3,112,815	3,767,311	1,783,850	2,362,745	2,358,800	2,400,888	1,601,449	2,754,842	2,655,813	1,243,699
Operating Profit	140,006	70,089	253,259	-333,060	-526,637	-1,150,991	649,080	30,149	1,497,114	2,295,197	2,469,015	2,240,970	1,818,391	1,653,969
Interest Payable	0	31,500	28,467	0	0	174	45,352	33,425	69,650	69,494	61,200	109,372	70,229	94,054
Interest Receivable	28,112	4,672	278	288	2,838	6,392	19,188	18,728	14,465	21,633	7,879	1,102	125	532
Pre-Tax Profit	168,119	43,262	225,070	-332,772	-523,799	-1,144,773	1,167,801	-7,390	1,442,670	2,247,980	2,416,260	2,133,194	1,748,742	1,563,868
Tax	-31,943	-8,220	-42,763	0	0	0	-197,345	-2,221	-309,531	-537,085	-584,015	-559,100	-486,510	-447,812
Profit After Tax	136,176	35,042	182,307	-332,772	-523,799	-1,144,773	970,456	-9,611	1,133,139	1,710,895	1,832,245	1,574,094	1,262,232	1,116,056
Dividends Paid	0	0	0	0	0	0	1,700,000	1,000,000	1,000,000	1,000,000	0	0	0	0
Retained Profit	136,176	35,042	182,307	-332,772	-523,799	-1,144,773	-729,544	-1,009,611	133,139	710,895	1,832,245	1,574,094	1,262,232	1,116,056
Employee Costs	502,820	504,295	473,866	452,590	455,416	477,905	383,080	412,988	526,245	549,657	775,464	719,067	675,200	401,924
Number Of Employees	12	13	13	13	13	14	15	16	19	21	20	17	15	14
EBITDA*	153,596	74,455	259,558	-323,674	-516,860	-1,140,495	655,573	37,859	1,514,140	2,311,778	2,488,805	2,261,057	1,830,964	1,667,681

* 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	9,824	23,414	27,780	34,079	46,986	45,188	24,533	25,458	19,344	29,842	27,581	47,096	35,687	48,260
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)	8,070	0	0	8,359	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	17,894	23,414	27,780	42,438	46,986	45,188	24,533	25,458	19,344	29,842	27,581	47,096	35,687	48,260
Stock & work in progress	2,419,229	2,681,325	3,246,089	3,843,174	2,725,068	2,530,751	2,077,523	2,751,977	2,224,873	2,724,970	2,660,466	2,835,958	2,276,422	1,675,978
Trade Debtors	3,241,790	3,282,499	2,745,960	3,342,372	3,513,673	3,585,413	3,701,618	4,371,679	5,877,692	6,453,550	6,173,918	6,736,206	5,867,449	6,857,255
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,557,803	1,390,295	3,041,768	1,751,598	2,140,497	2,063,194	1,954,707	1,291,420	1,232,206	2,191,535	1,600,106	1,012,290	1,732,914	261,943
Cash	196,238	1,126,702	119,236	436,793	138,493	618,428	1,938,294	2,910,971	2,777,625	1,416,997	2,299,805	1,247,759	332,705	528,868
misc current assets	396,112	340,933	422,883	196,296	0	475,902	657,450	215,918	43,058	15,499	15,499	15,499	15,499	15,499
total current assets	8,811,172	8,821,754	9,575,936	9,570,233	8,939,294	9,273,688	10,329,592	11,541,965	12,155,454	12,802,551	12,749,794	11,847,712	10,224,989	9,339,543
total assets	8,829,066	8,845,168	9,603,716	9,612,671	8,986,280	9,318,876	10,354,125	11,567,423	12,174,798	12,832,393	12,777,375	11,894,808	10,260,676	9,387,803
Bank overdraft	0	0	0	0	0	0	5,343	9,428	5,128	0	0	0	0	0
Bank loan	0	0	933,333	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	12,236	8,244	63,664	225,483	40,909	120,151	36,338	65,615	36,685	184,185	188,709	225,419	252,885	273,331
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	773,107	1,081,193	1,932,209	1,100,408	1,545,380
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	503,393	658,836	463,728	1,427,276	650,959	381,976	340,240	801,379	430,853	307,832	649,862	707,917	1,456,929	1,379,743
total current liabilities	515,629	667,080	1,460,725	1,652,759	691,868	502,127	381,921	876,422	472,666	1,265,124	1,919,764	2,865,545	2,810,222	3,198,454
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	827	772	0	1,728	266	10,948	201	1,721	0	1,237	5,134	419	1,546
total long term liabilities	0	827	772	0	1,728	266	10,948	201	1,721	0	1,237	5,134	419	1,546
total liabilities	515,629	667,907	1,461,497	1,652,759	693,596	502,393	392,869	876,623	474,387	1,265,124	1,921,001	2,870,679	2,810,641	3,200,000
net assets	8,313,437	8,177,261	8,142,219	7,959,912	8,292,684	8,816,483	9,961,256	10,690,800	11,700,411	11,567,269	10,856,374	9,024,129	7,450,035	6,187,803
total shareholders funds	8,313,437	8,177,261	8,142,219	7,959,912	8,292,684	8,816,483	9,961,256	10,690,800	11,700,411	11,567,269	10,856,374	9,024,129	7,450,035	6,187,803

	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	140,006	70,089	253,259	-333,060	-526,637	-1,150,991	649,080	30,149	1,497,114	2,295,197	2,469,015	2,240,970	1,818,391	1,653,969
Depreciation	13,590	4,366	6,299	9,386	9,777	10,496	6,493	7,710	17,026	16,581	19,790	20,087	12,573	13,712
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-31,943	-8,220	-42,763	0	0	0	-197,345	-2,221	-309,531	-537,085	-584,015	-559,100	-486,510	-447,812
Stock	-262,096	-564,764	-597,085	1,118,106	194,317	453,228	-674,454	527,104	-500,097	64,504	-175,492	559,536	600,444	1,675,978
Debtors	1,134,869	-1,114,934	685,399	-551,841	5,563	-7,718	-6,774	-1,446,799	-1,535,187	871,061	25,528	148,133	481,165	7,119,198
Creditors	3,992	-55,420	-161,819	184,574	-79,242	83,813	-29,277	28,930	-147,500	-4,524	-36,710	-27,466	-20,446	273,331
Accruals and Deferred Income	-155,443	195,108	-963,548	776,317	268,983	41,736	-461,139	370,526	123,021	-342,030	-58,055	-749,012	77,186	1,379,743
Deferred Taxes & Provisions	-827	55	772	-1,728	1,462	-10,682	10,747	-1,520	1,721	-1,237	-3,897	4,715	-1,127	1,546
Cash flow from operations	-903,398	1,885,676	-996,114	69,224	-525,537	-1,471,138	659,787	1,353,269	3,217,135	491,337	1,956,092	222,525	318,458	-5,920,687
Investing Activities
capital expenditure	0	0	0	3,521	-11,575	-31,151	95,489	-205,362	-34,087	-15,000	-275	-31,496	0	-21,475
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	3,521	-11,575	-31,151	95,489	-205,362	-34,087	-15,000	-275	-31,496	0	-21,475
Financing Activities
Bank loans	0	-933,333	933,333	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-773,107	-308,086	-851,016	831,801	-444,972	1,545,380
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	3	0	0	0	0	5,071,747
interest	28,112	-26,828	-28,189	288	2,838	6,218	-26,164	-14,697	-55,185	-47,861	-53,321	-108,270	-70,104	-93,522
cash flow from financing	28,112	-960,161	905,144	288	2,838	6,218	-26,164	-14,697	-828,289	-355,947	-904,337	723,531	-515,076	6,523,605
cash and cash equivalents
cash	-930,464	1,007,466	-317,557	298,300	-479,935	-1,319,866	-972,677	133,346	1,360,628	-882,808	1,052,046	915,054	-196,163	528,868
overdraft	0	0	0	0	0	-5,343	-4,085	4,300	5,128	0	0	0	0	0
change in cash	-930,464	1,007,466	-317,557	298,300	-479,935	-1,314,523	-968,592	129,046	1,355,500	-882,808	1,052,046	915,054	-196,163	528,868

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G.D. YARNS LIMITED group structure

G.D. Yarns Limited has no subsidiary companies.

Ultimate parent company

G.D. YARNS LIMITED

01938431

G.D. YARNS LIMITED Shareholders

artee passi	49.99%
pardeep kumar passi	49.99%
theresa patricia green	0.02%

G.D. Yarns Limited currently has 3 directors. The longest serving directors include Ms Theresa Green (Jan 1992) and Mr Pardeep Passi (Jan 1992).

officer	age	start	end	role
Ms Theresa Green	62 years	Jan 1992	-	Director
Mr Pardeep Passi	67 years	Jan 1992	-	Director
Artee Passi	63 years	Jan 1992	-	Director

P&L

March 2023

turnover

10.6m

+7%

operating profit

140k

gross margin

29%

+1.48%

turnover

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

Balance Sheet

March 2023

net assets

8.3m

+0.02%

total assets

8.8m

cash

196.2k

-0.83%

net assets

Total assets minus all liabilities

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company number

01938431

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

August 1985

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

pawan house 200 gorton road, manchester, M12 5DX

last accounts submitted

March 2023

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 3 charges/mortgages relating to g.d. yarns limited. Currently there are 3 open charges and 0 have been satisfied in the past.

g.d. yarns limited Company Information

g.d. yarns limited Estimated Valuation

g.d. yarns limited Estimated Valuation

g.d. yarns limited Estimated Valuation

G.d. Yarns Limited Overview

G.d. Yarns Limited Health Check

G.D. YARNS LIMITED financials

g.d. yarns limited Credit Report and Business Information

G.d. Yarns Limited Competitor Analysis

g.d. yarns limited Ownership

g.d. yarns limited directors

g.d. yarns limited company details

g.d. yarns limited Charges & Mortgages

g.d. yarns limited Companies House Filings - See Documents