Northern Flags Limited

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northern flags limited Company Information

Live

MatureMidRapid

Company Number

01969361

Website

www.northernflags.com

Registered Address

units 4 & 5 millshaw, leeds, LS11 0LX

Industry

Finishing of textiles

Telephone

01132055189

Next Accounts Due

September 2025

Group Structure

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Directors

Iain Clasper13 Years

Eric Verkerk6 Years

Shareholders

iain clasper 82.5%

fabienne cotte 12.5%

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northern flags limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of NORTHERN FLAGS LIMITED at £2.8m based on an EBITDA of £424.9k and a 6.49x industry multiple (adjusted for size and gross margin).

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Northern Flags Limited is a live company located in leeds, LS11 0LX with a Companies House number of 01969361. It operates in the finishing of textiles sector, SIC Code 13300. Founded in December 1985, it's largest shareholder is iain clasper with a 82.4% stake. Northern Flags Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Northern Flags Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £5.4m, make it larger than the average company (£4.2m)

Growth

3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (7.6%)

EXPORT

Northern Flags Limited's latest turnover from December 2023 is estimated at £5.4 million and the company has net assets of £568.7 thousand. According to their latest financial statements, Northern Flags Limited has 45 employees and maintains cash reserves of £766.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010	Oct 2009
Turnover	5,367,891	3,345,510	2,848,361	1,872,612	2,290,376	2,246,828	1,495,040	1,515,580	969,043	932,465	1,207,799	928,240	1,233,686	1,231,371	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,827,216	2,374,899	2,015,383	1,353,570	1,492,163	1,467,320	965,639	988,204	568,617	626,678	773,160	618,920	879,281	820,540	0
Gross Profit	1,540,675	970,611	832,978	519,043	798,213	779,508	529,400	527,375	400,427	305,788	434,638	309,320	354,405	410,831	0
Admin Expenses	1,384,262	792,522	820,114	526,565	728,030	767,600	532,571	527,173	304,449	293,557	439,539	271,700	436,831	411,541	-355,711
Operating Profit	156,413	178,089	12,864	-7,522	70,183	11,908	-3,171	202	95,978	12,231	-4,901	37,620	-82,426	-710	355,711
Interest Payable	9,167	12,842	11,796	8,909	12,690	14,920	6,530	4,440	2,888	0	0	0	0	0	0
Interest Receivable	24,183	4,217	269	108	159	6	111	216	374	188	242	386	512	517	285
Pre-Tax Profit	171,429	169,464	1,337	-16,323	57,652	-3,005	-9,590	-4,021	93,464	12,419	-4,659	38,007	-81,914	-193	355,996
Tax	-42,857	-32,198	-254	0	-10,954	0	0	0	-18,693	-2,608	0	-9,122	0	0	-99,679
Profit After Tax	128,572	137,266	1,083	-16,323	46,698	-3,005	-9,590	-4,021	74,771	9,811	-4,659	28,885	-81,914	-193	256,317
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	128,572	137,266	1,083	-16,323	46,698	-3,005	-9,590	-4,021	74,771	9,811	-4,659	28,885	-81,914	-193	256,317
Employee Costs	1,554,366	1,466,104	953,865	833,610	755,625	781,563	598,017	493,610	232,246	232,811	274,074	226,323	224,924	289,592	0
Number Of Employees	45	42	30	27	26	27	22	17	8	8	10	8	8	12	0
EBITDA*	424,896	391,739	136,630	182,587	256,477	26,860	80,026	6,304	110,281	22,958	4,931	49,976	-68,382	8,957	367,231

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010	Oct 2009
Tangible Assets	951,737	1,082,310	657,106	646,721	773,078	911,666	750,954	216,731	130,344	23,262	19,052	24,872	41,768	17,941	27,613
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	65,600	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	951,737	1,147,910	657,106	646,721	773,078	911,666	750,954	216,731	130,344	23,262	19,052	24,872	41,768	17,941	27,613
Stock & work in progress	223,284	225,637	243,791	198,043	165,125	164,551	116,654	99,504	102,976	121,407	104,818	103,289	97,827	87,676	81,917
Trade Debtors	790,727	462,251	384,715	182,225	316,506	352,978	219,413	283,177	209,912	175,374	226,926	153,439	182,365	257,005	221,745
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	104,258	98,944	57,806	98,404	62,406	42,210	147,311	24,801	58,121	0	0	0	8,052	0	0
Cash	766,526	200,801	40,188	175,219	41,117	1,196	508	44,018	128,817	20,816	54,466	42,238	112,244	92,577	114,086
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,884,795	987,633	726,500	653,891	585,154	560,935	483,886	451,500	499,826	317,597	386,210	298,966	400,488	437,258	417,748
total assets	2,836,532	2,135,543	1,383,606	1,300,612	1,358,232	1,472,601	1,234,840	668,231	630,170	340,859	405,262	323,838	442,256	455,199	445,361
Bank overdraft	0	0	0	0	30,312	215,213	35,527	38,207	68,857	0	0	0	0	0	0
Bank loan	40,000	6,327	55,726	43,447	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	749,317	288,267	349,906	173,297	298,115	120,929	107,484	76,453	73,538	124,459	199,791	112,856	259,229	192,814	181,420
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	142,916	150,695	93,415	23,100	13,349	0	0	0	0	0	0
other current liabilities	987,281	670,912	381,723	402,730	139,161	146,938	128,037	138,979	101,587	0	0	0	0	0	0
total current liabilities	1,776,598	965,506	787,355	619,474	610,504	633,775	364,463	276,739	257,331	124,459	199,791	112,856	259,229	192,814	181,420
loans	23,333	97,006	111,301	167,005	51,346	79,138	112,187	15,000	20,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	248,741	385,080	401,511	50,260	40,047	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	274,903	406,905	106,090	116,286	25,291	43,730	0	0	0	0	0	0	0	0	0
provisions	193,000	226,000	76,000	61,000	69,180	49,516	82,272	42,235	24,774	3,153	2,035	2,887	3,817	1,261	2,624
total long term liabilities	491,236	729,911	293,391	344,291	394,558	557,464	595,970	107,495	84,821	3,153	2,035	2,887	3,817	1,261	2,624
total liabilities	2,267,834	1,695,417	1,080,746	963,765	1,005,062	1,191,239	960,433	384,234	342,152	127,612	201,826	115,743	263,046	194,075	184,044
net assets	568,698	440,126	302,860	336,847	353,170	281,362	274,407	283,997	288,018	213,247	203,436	208,095	179,210	261,124	261,317
total shareholders funds	568,698	440,126	302,860	336,847	353,170	281,362	274,407	283,997	288,018	213,247	203,436	208,095	179,210	261,124	261,317

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	156,413	178,089	12,864	-7,522	70,183	11,908	-3,171	202	95,978	12,231	-4,901	37,620	-82,426	-710	355,711
Depreciation	268,483	213,650	123,766	190,109	186,294	14,952	83,197	6,102	14,303	10,727	9,832	12,356	14,044	9,667	11,520
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-42,857	-32,198	-254	0	-10,954	0	0	0	-18,693	-2,608	0	-9,122	0	0	-99,679
Stock	-2,353	-18,154	45,748	32,918	574	47,897	17,150	-3,472	-18,431	16,589	1,529	5,462	10,151	5,759	81,917
Debtors	268,190	184,274	161,892	-98,283	-16,276	28,464	58,746	39,945	92,659	-51,552	73,487	-36,978	-66,588	35,260	221,745
Creditors	461,050	-61,639	176,609	-124,818	177,186	13,445	31,031	2,915	-50,921	-75,332	86,935	-146,373	66,415	11,394	181,420
Accruals and Deferred Income	316,369	289,189	-21,007	263,569	-7,777	18,901	-10,942	37,392	101,587	0	0	0	0	0	0
Deferred Taxes & Provisions	-33,000	150,000	15,000	-8,180	19,664	-32,756	40,037	17,461	21,621	1,118	-852	-930	2,556	-1,363	2,624
Cash flow from operations	860,621	570,971	99,338	378,523	450,298	-49,911	64,256	27,599	89,647	-18,901	15,998	-74,933	57,026	-22,031	147,934
Investing Activities
capital expenditure	-137,910	-638,854	-134,151	-63,752	-47,706	-175,664	-617,420	-92,489	-121,385	-14,937	-4,012	4,540	-37,871	5	-39,133
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-137,910	-638,854	-134,151	-63,752	-47,706	-175,664	-617,420	-92,489	-121,385	-14,937	-4,012	4,540	-37,871	5	-39,133
Financing Activities
Bank loans	33,673	-49,399	12,279	43,447	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0
Long term loans	-73,673	-14,295	-55,704	115,659	-27,792	-33,049	97,187	-5,000	20,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-391,657	-144,118	40,849	421,566	19,964	53,396	0	0	0	0	0	0
other long term liabilities	-132,002	300,815	-10,196	90,995	-18,439	43,730	0	0	0	0	0	0	0	0	0
share issue	0	0	-35,070	0	25,110	9,960	0	0	0	0	0	0	0	0	5,000
interest	15,016	-8,625	-11,527	-8,801	-12,531	-14,914	-6,419	-4,224	-2,514	188	242	386	512	517	285
cash flow from financing	-156,986	228,496	-100,218	-150,357	-177,770	46,576	512,334	10,740	70,882	188	242	386	512	517	5,285
cash and cash equivalents
cash	565,725	160,613	-135,031	134,102	39,921	688	-43,510	-84,799	108,001	-33,650	12,228	-70,006	19,667	-21,509	114,086
overdraft	0	0	0	-30,312	-184,901	179,686	-2,680	-30,650	68,857	0	0	0	0	0	0
change in cash	565,725	160,613	-135,031	164,414	224,822	-178,998	-40,830	-54,149	39,144	-33,650	12,228	-70,006	19,667	-21,509	114,086

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTHERN FLAGS LIMITED group structure

Northern Flags Limited has no subsidiary companies.

Ultimate parent company

FABER GROUP NV

#0074930

1 parent

NORTHERN FLAGS LIMITED

01969361

NORTHERN FLAGS LIMITED Shareholders

iain clasper	82.45%
fabienne cotte	12.54%
faber group nv	5.02%

Northern Flags Limited currently has 2 directors. The longest serving directors include Mr Iain Clasper (Jul 2011) and Mr Eric Verkerk (Sep 2018).

officer	country	age	start	end	role
Mr Iain Clasper	England	60 years	Jul 2011	-	Director
Mr Eric Verkerk	England	56 years	Sep 2018	-	Director

P&L

December 2023

turnover

5.4m

+60%

operating profit

156.4k

gross margin

28.8%

-1.07%

turnover

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

Balance Sheet

December 2023

net assets

568.7k

+0.29%

total assets

2.8m

+0.33%

cash

766.5k

+2.82%

net assets

Total assets minus all liabilities

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company number

01969361

Type

Private limited with Share Capital

industry

13300 - Finishing of textiles

incorporation date

December 1985

ultimate parent company

FABER GROUP NV

previous names

N/A

address

units 4 & 5 millshaw, leeds, LS11 0LX

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 2 charges/mortgages relating to northern flags limited. Currently there are 1 open charges and 1 have been satisfied in the past.

northern flags limited Company Information

northern flags limited Estimated Valuation

northern flags limited Estimated Valuation

northern flags limited Estimated Valuation

Northern Flags Limited Overview

Northern Flags Limited Health Check

NORTHERN FLAGS LIMITED financials

northern flags limited Credit Report and Business Information

Northern Flags Limited Competitor Analysis

northern flags limited Ownership

northern flags limited directors

northern flags limited company details

northern flags limited Charges & Mortgages

northern flags limited Companies House Filings - See Documents