chase erwin limited

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chase erwin limited Company Information

Share CHASE ERWIN LIMITED

Company Number

02094350

Shareholders

panaz holdings ltd

Group Structure

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Industry

Wholesale of textiles

 +1

Registered Address

17 mandeville court yard, 142 battersea park road, london, SW11 4NB

chase erwin limited Estimated Valuation

£756.4k

Pomanda estimates the enterprise value of CHASE ERWIN LIMITED at £756.4k based on a Turnover of £1.6m and 0.49x industry multiple (adjusted for size and gross margin).

chase erwin limited Estimated Valuation

£172.7k

Pomanda estimates the enterprise value of CHASE ERWIN LIMITED at £172.7k based on an EBITDA of £41.9k and a 4.12x industry multiple (adjusted for size and gross margin).

chase erwin limited Estimated Valuation

£547.1k

Pomanda estimates the enterprise value of CHASE ERWIN LIMITED at £547.1k based on Net Assets of £325.1k and 1.68x industry multiple (adjusted for liquidity).

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Chase Erwin Limited Overview

Chase Erwin Limited is a live company located in london, SW11 4NB with a Companies House number of 02094350. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in January 1987, it's largest shareholder is panaz holdings ltd with a 100% stake. Chase Erwin Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with unknown growth in recent years.

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Chase Erwin Limited Health Check

Pomanda's financial health check has awarded Chase Erwin Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £1.6m, make it smaller than the average company (£8.1m)

£1.6m - Chase Erwin Limited

£8.1m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Chase Erwin Limited

- - Industry AVG

production

Production

with a gross margin of 33.9%, this company has a comparable cost of product (33.9%)

33.9% - Chase Erwin Limited

33.9% - Industry AVG

profitability

Profitability

an operating margin of 2.4% make it less profitable than the average company (4.4%)

2.4% - Chase Erwin Limited

4.4% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (31)

9 - Chase Erwin Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)

£36.4k - Chase Erwin Limited

£36.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £172.8k, this is equally as efficient (£194.3k)

£172.8k - Chase Erwin Limited

£194.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 18 days, this is earlier than average (34 days)

18 days - Chase Erwin Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 158 days, this is slower than average (33 days)

158 days - Chase Erwin Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 106 days, this is more than average (75 days)

106 days - Chase Erwin Limited

75 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is average cash available to meet short term requirements (32 weeks)

36 weeks - Chase Erwin Limited

32 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.7%, this is a higher level of debt than the average (48.9%)

62.7% - Chase Erwin Limited

48.9% - Industry AVG

CHASE ERWIN LIMITED financials

EXPORTms excel logo

Chase Erwin Limited's latest turnover from March 2024 is estimated at £1.6 million and the company has net assets of £325.1 thousand. According to their latest financial statements, Chase Erwin Limited has 9 employees and maintains cash reserves of £378.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,555,3541,210,180847,680867,073723,587942,9931,023,5001,186,376810,2501,449,6401,376,8751,147,8551,412,4841,507,917
Other Income Or Grants
Cost Of Sales1,028,652781,478560,902578,576483,331630,900682,174790,808538,778974,278913,944760,830934,470984,681
Gross Profit526,702428,701286,777288,498240,256312,092341,327395,568271,472475,362462,930387,025478,014523,236
Admin Expenses489,605525,660-156,801206,912252,931209,041181,887359,293234,769464,805591,682507,835462,635625,964-620,476
Operating Profit37,097-96,959443,57881,586-12,675103,051159,44036,27536,70310,557-128,752-120,81015,379-102,728620,476
Interest Payable1,482
Interest Receivable20,59517,2361,5184102,1261,516698299559369173333421605407
Pre-Tax Profit57,692-79,723445,09680,514-10,549104,567160,13836,57437,26110,925-128,579-120,47715,800-102,123620,883
Tax-14,423-84,568-15,298-19,868-30,426-7,315-7,452-2,294-4,108-173,847
Profit After Tax43,269-79,723360,52865,216-10,54984,699129,71229,25929,8098,631-128,579-120,47711,692-102,123447,036
Dividends Paid
Retained Profit43,269-79,723360,52865,216-10,54984,699129,71229,25929,8098,631-128,579-120,47711,692-102,123447,036
Employee Costs327,891316,231230,823232,091266,401289,982307,459348,453190,887334,041298,514268,614322,827327,647
Number Of Employees99778910116111091112
EBITDA*41,904-93,390445,28983,719-11,481103,631164,63845,93851,76729,422-111,263-109,18720,295-96,599626,381

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets18,30414,28225,6893,4451,0488,71113,62815,94124,82826,59942,75028,9163,3508,26612,401
Intangible Assets39,65325,123
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets57,95739,40525,6893,4451,0488,71113,62815,94124,82826,59942,75028,9163,3508,26612,401
Stock & work in progress299,774233,590185,060269,047255,709340,276352,211356,422335,855352,515402,874410,363495,684445,253409,368
Trade Debtors76,76244,56349,62489,50325,12554,76459,83344,08151,378146,807108,440100,525134,077181,328237,563
Group Debtors
Misc Debtors58,03163,30845,41038,62948,20045,54680,87584,962103,995
Cash378,378406,206404,900515,995304,037262,830141,440137,862101,298122,19525,31543,99689,39679,190162,769
misc current assets
total current assets812,945747,667684,994913,174633,071703,416634,359623,327592,526621,517536,629554,884719,157705,771809,700
total assets870,902787,072710,683916,619634,119712,127647,987639,268617,354648,116579,379583,800722,507714,037822,101
Bank overdraft5,362
Bank loan
Trade Creditors 445,498396,797219,442115,568105,860132,827164,326239,828145,933328,421331,279226,086264,902268,124274,065
Group/Directors Accounts29520,07928,24959,989116,477181,160
other short term finances
hp & lease commitments11,390
other current liabilities90,901103,671109,196307,125148,149160,392117,712106,715125,519
total current liabilities536,399500,763348,717428,055254,009321,468342,027463,020464,002328,421331,279226,086264,902268,124274,065
loans43,238
hp & lease commitments
Accruals and Deferred Income
other liabilities6,363202,515139,551120,586100,000100,000100,000
provisions9,4294,504438
total long term liabilities9,4294,50443843,2386,363202,515139,551120,586100,000100,000100,000
total liabilities545,828505,267349,155471,293254,009321,468342,027463,020470,365530,936470,830346,672364,902368,124374,065
net assets325,074281,805361,528445,326380,110390,659305,960176,248146,989117,180108,549237,128357,605345,913448,036
total shareholders funds325,074281,805361,528445,326380,110390,659305,960176,248146,989117,180108,549237,128357,605345,913448,036
Mar 2024Mar 2023Mar 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit37,097-96,959443,57881,586-12,675103,051159,44036,27536,70310,557-128,752-120,81015,379-102,728620,476
Depreciation4,8073,5691,7112,1331,1945805,1989,66315,06418,86517,48911,6234,9166,1295,905
Amortisation
Tax-14,423-84,568-15,298-19,868-30,426-7,315-7,452-2,294-4,108-173,847
Stock66,18448,530185,06013,338-84,567-11,935-4,21120,567-16,660-50,359-7,489-85,32150,43135,885409,368
Debtors26,92212,83795,03454,807-26,985-40,39811,665-26,3308,56638,3677,915-33,552-47,251-56,235237,563
Creditors48,701177,355219,4429,708-26,967-31,499-75,50293,895-182,488-2,858105,193-38,816-3,222-5,941274,065
Accruals and Deferred Income-12,770-5,525109,196158,976-12,24342,68010,997-18,804125,519
Deferred Taxes & Provisions4,9254,066438
Cash flow from operations-24,76921,139409,703168,96060,861147,27762,253119,477-4,56036,262-6,496-29,1309,785-82,19079,668
Investing Activities
capital expenditure-23,359-17,285-27,400-4,5306,4694,337-2,885-776-13,293-2,714-31,323-37,189-1,994-18,306
Change in Investments
cash flow from investments-23,359-17,285-27,400-4,5306,4694,337-2,885-776-13,293-2,714-31,323-37,189-1,994-18,306
Financing Activities
Bank loans
Group/Directors Accounts-295-19,78420,079-28,249-31,740-56,488-64,683181,160
Other Short Term Loans
Long term loans43,238
Hire Purchase and Lease Commitments-11,39011,390
other long term liabilities-6,363-196,15262,96418,96520,586100,000
share issue1,0001,000
interest20,59517,2361,518-1,0722,1261,516698299559369173333421605407
cash flow from financing20,300-2,54822,59742,166-26,123-30,224-55,790-82,137-3,04363,33319,13820,919421605101,407
cash and cash equivalents
cash-27,8281,306404,900211,95841,207121,3903,57836,564-20,89796,880-18,681-45,40010,206-83,579162,769
overdraft5,362
change in cash-27,8281,306404,900206,59641,207121,3903,57836,564-20,89796,880-18,681-45,40010,206-83,579162,769

chase erwin 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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Chase Erwin Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for chase erwin limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SW11 area or any other competitors across 12 key performance metrics.

chase erwin limited Ownership

CHASE ERWIN LIMITED group structure

Chase Erwin Limited has no subsidiary companies.

Ultimate parent company

1 parent

CHASE ERWIN LIMITED

02094350

CHASE ERWIN LIMITED Shareholders

panaz holdings ltd 100%

chase erwin limited directors

Chase Erwin Limited currently has 3 directors. The longest serving directors include Mr Anthony Attard (Oct 2021) and Mr Nadeem Memon (Oct 2021).

officercountryagestartendrole
Mr Anthony AttardEngland66 years Oct 2021- Director
Mr Nadeem MemonEngland45 years Oct 2021- Director
Mr Rollie AttardEngland36 years Oct 2021- Director

P&L

March 2024

turnover

1.6m

+29%

operating profit

37.1k

0%

gross margin

33.9%

-4.41%

turnover

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

Balance Sheet

March 2024

net assets

325.1k

+0.15%

total assets

870.9k

+0.11%

cash

378.4k

-0.07%

net assets

Total assets minus all liabilities

chase erwin limited company details

company number

02094350

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

96090 - Other personal service activities n.e.c.

incorporation date

January 1987

age

38

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

March 2024

previous names

ragna erwin limited (February 1991)

branchselect limited (March 1987)

accountant

PM & M SOLUTIONS FOR BUSINESS LLP

auditor

-

address

17 mandeville court yard, 142 battersea park road, london, SW11 4NB

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

chase erwin 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 5 charges/mortgages relating to chase erwin limited. Currently there are 0 open charges and 5 have been satisfied in the past.

chase erwin limited Capital Raised & Share Issues BETA

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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chase erwin limited Companies House Filings - See Documents

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