olsen u.k. limited
olsen u.k. limited Company Information
Group Structure
View All
Industry
Wholesale of textiles
Registered Address
first floor 3-4 bywell place, london, W1T 3DN
Website
www.olsenuk.comolsen u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of OLSEN U.K. LIMITED at £384.5k based on a Turnover of £1.4m and 0.27x industry multiple (adjusted for size and gross margin).
olsen u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of OLSEN U.K. LIMITED at £102.3k based on an EBITDA of £28.1k and a 3.65x industry multiple (adjusted for size and gross margin).
olsen u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of OLSEN U.K. LIMITED at £0 based on Net Assets of £-502.5k and 1.4x industry multiple (adjusted for liquidity).
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Olsen U.k. Limited Overview
Olsen U.k. Limited is a live company located in london, W1T 3DN with a Companies House number of 02670597. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in December 1991, it's largest shareholder is olsen holding gmbh with a 100% stake. Olsen U.k. Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Olsen U.k. Limited Health Check
Pomanda's financial health check has awarded Olsen U.K. Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£15.6m)
- Olsen U.k. Limited
£15.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.3%)
- Olsen U.k. Limited
5.3% - Industry AVG
Production
with a gross margin of 27.9%, this company has a comparable cost of product (27.9%)
- Olsen U.k. Limited
27.9% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (3.8%)
- Olsen U.k. Limited
3.8% - Industry AVG
Employees
with 11 employees, this is below the industry average (47)
11 - Olsen U.k. Limited
47 - Industry AVG
Pay Structure
on an average salary of £42.3k, the company has an equivalent pay structure (£42.3k)
- Olsen U.k. Limited
£42.3k - Industry AVG
Efficiency
resulting in sales per employee of £128.3k, this is less efficient (£315.1k)
- Olsen U.k. Limited
£315.1k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (45 days)
- Olsen U.k. Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (29 days)
- Olsen U.k. Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (119 days)
- Olsen U.k. Limited
119 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (8 weeks)
10 weeks - Olsen U.k. Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 190.2%, this is a higher level of debt than the average (52.4%)
190.2% - Olsen U.k. Limited
52.4% - Industry AVG
OLSEN U.K. LIMITED financials
Olsen U.K. Limited's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of -£502.5 thousand. According to their latest financial statements, Olsen U.K. Limited has 11 employees and maintains cash reserves of £211.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,548,681 | 3,928,911 | 4,333,729 | 4,078,691 | 3,717,061 | 3,821,383 | 4,723,591 | 4,820,992 | 7,273,754 | 9,497,634 | 10,536,067 | |||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 922,138 | 2,764,225 | 2,980,220 | 2,829,951 | 1,735,718 | 1,941,990 | 2,662,881 | 2,831,228 | 4,277,350 | 5,019,170 | 5,555,339 | |||
| Gross Profit | 626,543 | 1,164,686 | 1,353,509 | 1,248,740 | 1,981,343 | 1,879,393 | 2,060,710 | 1,989,764 | 2,996,404 | 4,478,464 | 4,980,728 | |||
| Admin Expenses | 694,336 | 1,085,268 | 1,310,084 | 1,804,384 | 1,504,629 | 1,767,176 | 1,895,040 | 2,124,164 | 4,238,285 | 5,391,400 | 5,127,891 | |||
| Operating Profit | -67,793 | 79,418 | 43,425 | -555,644 | 476,714 | 112,217 | 165,670 | -134,400 | -1,241,881 | -912,936 | -147,163 | |||
| Interest Payable | 16,996 | 11,634 | 22,231 | 172,280 | 303,142 | 237,559 | 199,406 | 125,809 | ||||||
| Interest Receivable | 5 | 164 | 39 | 2,091 | 940 | |||||||||
| Pre-Tax Profit | -67,788 | 79,418 | 43,425 | -572,640 | 465,080 | 89,986 | -6,446 | -437,503 | -1,479,440 | -1,110,251 | -272,032 | |||
| Tax | -86,000 | -583,650 | 466,262 | -11,412 | 214,800 | -669,720 | 498,751 | -50,000 | ||||||
| Profit After Tax | -153,788 | 79,418 | 43,425 | -1,156,290 | 931,342 | 78,574 | 208,354 | -437,503 | -2,149,160 | -611,500 | -322,032 | |||
| Dividends Paid | 2,500,000 | |||||||||||||
| Retained Profit | -153,788 | 79,418 | 43,425 | -1,156,290 | -1,568,658 | 78,574 | 208,354 | -437,503 | -2,149,160 | -611,500 | -322,032 | |||
| Employee Costs | 358,573 | 279,494 | 397,170 | 517,824 | 592,300 | 1,576,117 | 2,193,918 | 2,103,252 | ||||||
| Number Of Employees | 11 | 13 | 11 | 14 | 32 | 31 | 22 | 8 | 10 | 13 | 16 | 108 | 165 | 167 |
| EBITDA* | -60,267 | 97,953 | 49,972 | -546,985 | 478,733 | 116,254 | 170,475 | -86,729 | -1,131,156 | -787,909 | -9,289 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,821 | 34,326 | 7,741 | 13,171 | 25,082 | 33,741 | 3,028 | 7,065 | 11,870 | 71,073 | 259,239 | 270,533 | ||
| Intangible Assets | 18,536 | |||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 27,821 | 34,326 | 7,741 | 13,171 | 18,536 | 25,082 | 33,741 | 3,028 | 7,065 | 11,870 | 71,073 | 259,239 | 270,533 | |
| Stock & work in progress | 70,798 | 97,921 | 78,570 | 94,738 | 118,174 | 152,060 | 193,569 | 95,028 | 129,550 | 94,698 | 112,317 | 132,092 | 870,837 | 749,515 |
| Trade Debtors | 227,939 | 227,871 | 101,903 | 88,550 | 422,299 | 683,850 | 546,859 | 1,072,499 | 926,294 | 673,229 | 1,223,590 | 1,063,949 | 1,485,469 | 1,169,847 |
| Group Debtors | 1,835,649 | 1,889,191 | 1,932,424 | 1,590,120 | 1,772,688 | 4,634,214 | ||||||||
| Misc Debtors | 19,313 | 19,422 | 15,128 | 10,723 | 153,877 | 167,627 | 189,186 | 757,458 | 309,393 | 312,941 | 71,964 | 59,491 | 846,289 | 407,947 |
| Cash | 211,512 | 157,649 | 96,781 | 64,876 | 123,151 | 133,033 | 128,043 | 101,795 | 185,622 | 510,772 | 111,201 | 73,834 | 116,185 | 66,339 |
| misc current assets | ||||||||||||||
| total current assets | 529,562 | 502,863 | 292,382 | 258,887 | 2,653,150 | 3,025,761 | 2,990,081 | 3,616,900 | 3,323,547 | 6,225,854 | 1,519,072 | 1,329,366 | 3,318,780 | 2,393,648 |
| total assets | 557,383 | 537,189 | 300,123 | 272,058 | 2,653,150 | 3,044,297 | 3,015,163 | 3,650,641 | 3,326,575 | 6,232,919 | 1,530,942 | 1,400,439 | 3,578,019 | 2,664,181 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 11,732 | 12,095 | 61,122 | 10,641 | 15,506 | 23,625 | 10,610 | 9,439 | 39,968 | 30,313 | 79,369 | 11,315 | 276,972 | 111,229 |
| Group/Directors Accounts | 833,008 | 789,675 | 606,855 | 483,881 | 2,853,667 | 3,108,842 | 3,415,351 | 2,888,231 | 1,028,373 | 1,188,404 | 3,938,692 | 3,431,295 | 2,741,429 | 1,685,773 |
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 215,180 | 260,016 | 178,691 | 322,785 | 232,305 | 439,576 | 160,373 | 167,852 | 104,459 | 192,932 | 304,841 | 312,286 | 764,915 | 460,976 |
| total current liabilities | 1,059,920 | 1,061,786 | 846,668 | 817,307 | 3,101,478 | 3,572,043 | 3,586,334 | 3,065,522 | 1,172,800 | 1,411,649 | 4,322,902 | 3,754,896 | 3,783,316 | 2,257,978 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | ||||||||||||||
| total liabilities | 1,059,920 | 1,061,786 | 846,668 | 817,307 | 3,101,478 | 3,572,043 | 3,586,334 | 3,065,522 | 1,172,800 | 1,411,649 | 4,322,902 | 3,754,896 | 3,783,316 | 2,257,978 |
| net assets | -502,537 | -524,597 | -546,545 | -545,249 | -448,328 | -527,746 | -571,171 | 585,119 | 2,153,775 | 4,821,270 | -2,791,960 | -2,354,457 | -205,297 | 406,203 |
| total shareholders funds | -502,537 | -524,597 | -546,545 | -545,249 | -448,328 | -527,746 | -571,171 | 585,119 | 2,153,775 | 4,821,270 | -2,791,960 | -2,354,457 | -205,297 | 406,203 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -67,793 | 79,418 | 43,425 | -555,644 | 476,714 | 112,217 | 165,670 | -134,400 | -1,241,881 | -912,936 | -147,163 | |||
| Depreciation | 8,333 | 12,522 | 7,586 | 7,526 | 18,535 | 6,547 | 8,659 | 2,019 | 4,037 | 4,805 | 47,671 | 110,725 | 125,027 | 137,874 |
| Amortisation | ||||||||||||||
| Tax | -86,000 | -583,650 | 466,262 | -11,412 | 214,800 | -669,720 | 498,751 | -50,000 | ||||||
| Stock | -27,123 | 19,351 | -16,168 | 94,738 | -33,886 | -41,509 | 98,541 | -34,522 | 34,852 | -17,619 | -19,775 | -738,745 | 121,322 | 749,515 |
| Debtors | -41 | 130,262 | 17,758 | 99,273 | -328,843 | 72,199 | -751,608 | 411,702 | -2,612,009 | 4,324,830 | 172,114 | -1,208,318 | 753,964 | 1,577,794 |
| Creditors | -363 | -49,027 | 50,481 | 10,641 | -8,119 | 13,015 | 1,171 | -30,529 | 9,655 | -49,056 | 68,054 | -265,657 | 165,743 | 111,229 |
| Accruals and Deferred Income | -44,836 | 81,325 | -144,094 | 322,785 | -207,271 | 279,203 | -7,479 | 63,393 | -88,473 | -111,909 | -7,445 | -452,629 | 303,939 | 460,976 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | -6,852 | 245,292 | 311,500 | -483,876 | 600,679 | 2,603,181 | -4,082,901 | -178,459 | -572,099 | -694,762 | -1,814,393 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | -113,733 | -25,514 | ||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -113,733 | -25,514 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 43,333 | 182,820 | 122,974 | 483,881 | -255,175 | -306,509 | 527,120 | 1,859,858 | -160,031 | -2,750,288 | 507,397 | 689,866 | 1,055,656 | 1,685,773 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 5 | -16,996 | -11,634 | -22,231 | -172,116 | -303,103 | -237,559 | -197,315 | -124,869 | |||||
| cash flow from financing | 92,425 | -255,175 | -306,509 | 510,124 | 1,848,226 | -2,928,331 | 4,482,472 | 204,294 | 452,307 | 858,341 | 2,289,139 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 53,863 | 60,868 | 31,905 | 64,876 | -9,882 | 4,990 | 26,248 | -83,827 | -325,150 | 399,571 | 37,367 | -42,351 | 49,846 | 66,339 |
| overdraft | ||||||||||||||
| change in cash | 53,863 | 60,868 | 31,905 | 64,876 | -9,882 | 4,990 | 26,248 | -83,827 | -325,150 | 399,571 | 37,367 | -42,351 | 49,846 | 66,339 |
olsen u.k. limited Credit Report and Business Information
Olsen U.k. Limited Competitor Analysis
Perform a competitor analysis for olsen u.k. 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 W1T area or any other competitors across 12 key performance metrics.
olsen u.k. limited Ownership
OLSEN U.K. LIMITED group structure
Olsen U.K. Limited has no subsidiary companies.
Ultimate parent company
OLSEN HOLDING GMBH
#0072510
1 parent
OLSEN U.K. LIMITED
02670597
olsen u.k. limited directors
Olsen U.K. Limited currently has 1 director, Mr Michael Simon serving since Dec 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Simon | England | 62 years | Dec 2016 | - | Director |
P&L
December 2023turnover
1.4m
-6%
operating profit
19.7k
0%
gross margin
27.9%
+2.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-502.5k
-0.04%
total assets
557.4k
+0.04%
cash
211.5k
+0.34%
net assets
Total assets minus all liabilities
olsen u.k. limited company details
company number
02670597
Type
Private limited with Share Capital
industry
46410 - Wholesale of textiles
incorporation date
December 1991
age
34
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
batchcode limited (November 1992)
alnery no. 1168 limited (July 1992)
accountant
SAFFERY LLP
auditor
-
address
first floor 3-4 bywell place, london, W1T 3DN
Bank
-
Legal Advisor
-
olsen u.k. 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 2 charges/mortgages relating to olsen u.k. limited. Currently there are 2 open charges and 0 have been satisfied in the past.
olsen u.k. 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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olsen u.k. limited Companies House Filings - See Documents
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