F I T Shirts Limited

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f i t shirts limited Company Information

Company Number

02598306

Next Accounts

Jun 2025

Directors

Brian Wilson

Camilla Dewey

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Shareholders

firepower holdings limited

Group Structure

View All

Industry

Manufacture of other wearing apparel and accessories

Registered Address

unicorn house first floor front, 221-222 shoreditch high st, london, E1 6PJ

Website

www.fitshirts.co.uk

f i t shirts limited Estimated Valuation

£9.9m

Pomanda estimates the enterprise value of F I T SHIRTS LIMITED at £9.9m based on Net Assets of £3m and 3.28x industry multiple (adjusted for liquidity).

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F I T Shirts Limited is a live company located in london, E1 6PJ with a Companies House number of 02598306. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in April 1991, it's largest shareholder is firepower holdings limited with a 100% stake. F I T Shirts Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with high growth in recent years.

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Pomanda's financial health check has awarded F I T Shirts Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£9.3m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.6%)

EXPORT

F I T Shirts Limited's latest turnover from September 2023 is estimated at £3.4 million and the company has net assets of £3 million. According to their latest financial statements, F I T Shirts Limited has 40 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,372,938	3,392,277	2,446,849	2,105,528	2,831,518	3,354,041	3,054,254	2,627,184	1,572,865	1,449,146	2,674,381	2,299,207	3,043,678	1,639,818
Other Income Or Grants
Cost Of Sales	2,171,376	2,145,442	1,639,663	1,438,285	1,866,991	2,226,223	2,035,025	1,749,013	1,022,757	939,204	1,749,492	1,446,299	1,897,455	978,518
Gross Profit	1,201,561	1,246,835	807,186	667,243	964,527	1,127,819	1,019,228	878,171	550,109	509,942	924,889	852,909	1,146,223	661,300
Admin Expenses	1,068,069	908,192	1,004,225	637,821	688,614	940,175	721,345	581,539	519,373	411,744	803,633	814,985	1,051,054	722,120	-2,155,325
Operating Profit	133,492	338,643	-197,039	29,422	275,913	187,644	297,883	296,632	30,736	98,198	121,256	37,924	95,169	-60,820	2,155,325
Interest Payable
Interest Receivable	124,315	39,638	1,822	1,993	12,944	10,477	2,975	2,458	4,149	3,450	2,955	2,696	2,195	2,479	1,443
Pre-Tax Profit	257,807	378,281	-195,217	31,415	288,857	198,121	300,858	299,090	34,885	101,648	124,210	40,620	97,364	-58,341	2,156,768
Tax	-64,452	-71,873		-5,969	-54,883	-37,643	-57,163	-59,818	-6,977	-21,346	-28,568	-9,749	-25,315		-603,895
Profit After Tax	193,355	306,408	-195,217	25,446	233,974	160,478	243,695	239,272	27,908	80,302	95,642	30,871	72,049	-58,341	1,552,873
Dividends Paid
Retained Profit	193,355	306,408	-195,217	25,446	233,974	160,478	243,695	239,272	27,908	80,302	95,642	30,871	72,049	-58,341	1,552,873
Employee Costs	1,394,684	1,090,350	989,753	1,087,159	1,131,182	1,126,852	972,902	967,357	239,014	204,331	405,480	323,276	474,915	321,645
Number Of Employees	40	36	31	35	37	37	33	32	8	7	14	11	19	13
EBITDA*	278,013	453,885	-90,693	96,087	342,430	252,101	354,002	340,683	78,042	141,672	148,887	64,506	128,567	-24,955	2,188,411

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	380,881	365,119	329,755	151,647	212,112	234,244	256,304	263,098	172,640	213,272	158,118	107,909	123,221	75,481	110,873
Intangible Assets
Investments & Other
Debtors (Due After 1 year)							412,234	484,993	602,251	656,126	707,784	757,329	809,405	853,718	898,417
Total Fixed Assets	380,881	365,119	329,755	151,647	212,112	234,244	668,538	748,091	774,891	869,398	865,902	865,238	932,626	929,199	1,009,290
Stock & work in progress	365,790	430,226	333,777	132,125	159,969	142,642	81,402	112,160	109,162	62,467	81,672	53,805	99,664	100,754	60,689
Trade Debtors	385,166	661,478	319,681	293,442	598,329	522,835	633,811	411,234	327,467	286,674	529,884	467,120	573,041	302,366	365,954
Group Debtors
Misc Debtors	66,771	175,977	294,174	283,350	350,647	446,083	109,137	91,670
Cash	2,788,074	1,947,727	1,575,676	2,068,334	1,918,114	1,533,591	1,260,320	1,119,441	847,035	812,686	567,357	614,562	463,753	414,066	577,395
misc current assets
total current assets	3,605,801	3,215,408	2,523,308	2,777,251	3,027,059	2,645,151	2,084,670	1,734,505	1,283,664	1,161,827	1,178,913	1,135,487	1,136,458	817,186	1,004,038
total assets	3,986,682	3,580,527	2,853,063	2,928,898	3,239,171	2,879,395	2,753,208	2,482,596	2,058,555	2,031,225	2,044,815	2,000,725	2,069,084	1,746,385	2,013,328
Bank overdraft
Bank loan
Trade Creditors	363,952	210,850	184,237	85,719	128,638	147,165	152,624	198,552	222,803	215,342	321,549	385,296	481,569	242,383	444,820
Group/Directors Accounts	44,081
other short term finances
hp & lease commitments
other current liabilities	474,613	484,894	97,171	110,148	391,459	242,925	265,631	192,154
total current liabilities	882,646	695,744	281,408	195,867	520,097	390,090	418,255	390,706	222,803	215,342	321,549	385,296	481,569	242,383	444,820
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	95,221	69,373	62,653	28,812	40,301	44,506	50,632	51,264	34,398	42,437	30,122	17,927	20,884	9,420	15,585
total long term liabilities	95,221	69,373	62,653	28,812	40,301	44,506	50,632	51,264	34,398	42,437	30,122	17,927	20,884	9,420	15,585
total liabilities	977,867	765,117	344,061	224,679	560,398	434,596	468,887	441,970	257,201	257,779	351,671	403,223	502,453	251,803	460,405
net assets	3,008,815	2,815,410	2,509,002	2,704,219	2,678,773	2,444,799	2,284,321	2,040,626	1,801,354	1,773,446	1,693,144	1,597,502	1,566,631	1,494,582	1,552,923
total shareholders funds	3,008,815	2,815,410	2,509,002	2,704,219	2,678,773	2,444,799	2,284,321	2,040,626	1,801,354	1,773,446	1,693,144	1,597,502	1,566,631	1,494,582	1,552,923

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	133,492	338,643	-197,039	29,422	275,913	187,644	297,883	296,632	30,736	98,198	121,256	37,924	95,169	-60,820	2,155,325
Depreciation	144,521	115,242	106,346	66,665	66,517	64,457	56,119	44,051	47,306	43,474	27,631	26,582	33,398	35,865	33,086
Amortisation
Tax	-64,452	-71,873		-5,969	-54,883	-37,643	-57,163	-59,818	-6,977	-21,346	-28,568	-9,749	-25,315		-603,895
Stock	-64,436	96,449	201,652	-27,844	17,327	61,240	-30,758	2,998	46,695	-19,205	27,867	-45,859	-1,090	40,065	60,689
Debtors	-385,518	223,600	37,063	-372,184	-19,942	-186,264	167,285	58,179	-13,082	-294,868	13,219	-157,997	226,362	-108,287	1,264,371
Creditors	153,102	26,613	98,518	-42,919	-18,527	-5,459	-45,928	-24,251	7,461	-106,207	-63,747	-96,273	239,186	-202,437	444,820
Accruals and Deferred Income	-10,281	387,723	-12,977	-281,311	148,534	-22,706	73,477	192,154
Deferred Taxes & Provisions	25,848	6,720	33,841	-11,489	-4,205	-6,126	-632	16,866	-8,039	12,315	12,195	-2,957	11,464	-6,165	15,585
Cash flow from operations	832,184	483,019	-210,026	154,427	415,964	305,191	187,229	404,457	36,874	340,507	27,681	159,383	128,630	-165,335	719,861
Investing Activities
capital expenditure	-160,283	-150,606	-284,454	-6,200	-44,385	-42,397	-49,325	-134,509	-6,674	-98,628	-77,840	-11,270	-81,138	-473	-143,959
Change in Investments
cash flow from investments	-160,283	-150,606	-284,454	-6,200	-44,385	-42,397	-49,325	-134,509	-6,674	-98,628	-77,840	-11,270	-81,138	-473	-143,959
Financing Activities
Bank loans
Group/Directors Accounts	44,081
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue	50														50
interest	124,315	39,638	1,822	1,993	12,944	10,477	2,975	2,458	4,149	3,450	2,955	2,696	2,195	2,479	1,443
cash flow from financing	168,446	39,638	1,822	1,993	12,944	10,477	2,975	2,458	4,149	3,450	2,955	2,696	2,195	2,479	1,493
cash and cash equivalents
cash	840,347	372,051	-492,658	150,220	384,523	273,271	140,879	272,406	34,349	245,329	-47,205	150,809	49,687	-163,329	577,395
overdraft
change in cash	840,347	372,051	-492,658	150,220	384,523	273,271	140,879	272,406	34,349	245,329	-47,205	150,809	49,687	-163,329	577,395

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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F I T SHIRTS LIMITED group structure

F I T Shirts Limited has no subsidiary companies.

Ultimate parent company

F I T SHIRTS LIMITED

02598306

F I T SHIRTS LIMITED Shareholders

firepower holdings limited

100%

F I T Shirts Limited currently has 3 directors. The longest serving directors include Mr Brian Wilson (Apr 1991) and Ms Camilla Dewey (Apr 2018).

officer	country	age	start	end	role
Mr Brian Wilson	England	75 years	Apr 1991	-	Director
Ms Camilla Dewey	England	41 years	Apr 2018	-	Director
Mr Alastair Wilson	England	43 years	Apr 2018	-	Director

P&L

September 2023

turnover

3.4m

-1%

operating profit

133.5k

gross margin

35.7%

-3.08%

turnover

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

Balance Sheet

September 2023

net assets

+0.07%

total assets

+0.11%

cash

2.8m

+0.43%

net assets

Total assets minus all liabilities

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company number

02598306

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

April 1991

ultimate parent company

None

previous names

first impression limited (March 1992)

address

unicorn house first floor front, 221-222 shoreditch high st, london, E1 6PJ

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 f i t shirts limited. 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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f i t shirts limited Company Information

f i t shirts limited Estimated Valuation

f i t shirts limited Estimated Valuation

f i t shirts limited Estimated Valuation

F I T Shirts Limited Overview

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F I T SHIRTS LIMITED financials

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