future garments limited
future garments limited Company Information
Company Number
02690536
Next Accounts
Feb 2026
Shareholders
aqua holdings ltd
Group Structure
View All
Industry
Manufacture of workwear
+2Registered Address
aqua house, buttress way, smethwick, warley, west midlands, B66 3DL
future garments limited Estimated Valuation
Pomanda estimates the enterprise value of FUTURE GARMENTS LIMITED at £4.7m based on a Turnover of £9.8m and 0.48x industry multiple (adjusted for size and gross margin).
future garments limited Estimated Valuation
Pomanda estimates the enterprise value of FUTURE GARMENTS LIMITED at £677.3k based on an EBITDA of £153.2k and a 4.42x industry multiple (adjusted for size and gross margin).
future garments limited Estimated Valuation
Pomanda estimates the enterprise value of FUTURE GARMENTS LIMITED at £19.2m based on Net Assets of £8.5m and 2.26x industry multiple (adjusted for liquidity).
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Future Garments Limited Overview
Future Garments Limited is a live company located in warley, B66 3DL with a Companies House number of 02690536. It operates in the manufacture of workwear sector, SIC Code 14120. Founded in February 1992, it's largest shareholder is aqua holdings ltd with a 100% stake. Future Garments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.8m with healthy growth in recent years.
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Future Garments Limited Health Check
Pomanda's financial health check has awarded Future Garments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £9.8m, make it in line with the average company (£9.9m)
£9.8m - Future Garments Limited
£9.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.3%)
5% - Future Garments Limited
8.3% - Industry AVG
Production
with a gross margin of 23.1%, this company has a higher cost of product (29.3%)
23.1% - Future Garments Limited
29.3% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (4.1%)
1.5% - Future Garments Limited
4.1% - Industry AVG
Employees
with 49 employees, this is above the industry average (39)
49 - Future Garments Limited
39 - Industry AVG
Pay Structure
on an average salary of £26.2k, the company has a lower pay structure (£35.4k)
£26.2k - Future Garments Limited
£35.4k - Industry AVG
Efficiency
resulting in sales per employee of £200.4k, this is equally as efficient (£227.9k)
£200.4k - Future Garments Limited
£227.9k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (44 days)
62 days - Future Garments Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (31 days)
96 days - Future Garments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 70 days, this is less than average (105 days)
70 days - Future Garments Limited
105 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (14 weeks)
35 weeks - Future Garments Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.7%, this is a lower level of debt than the average (51.6%)
36.7% - Future Garments Limited
51.6% - Industry AVG
FUTURE GARMENTS LIMITED financials
Future Garments Limited's latest turnover from May 2024 is £9.8 million and the company has net assets of £8.5 million. According to their latest financial statements, Future Garments Limited has 49 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,820,986 | 8,295,108 | 8,510,596 | 8,574,301 | 12,847,022 | 10,211,891 | 9,624,066 | 8,519,705 | 7,819,176 | 7,974,994 | 7,619,648 | 7,071,649 | 6,359,651 | ||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 7,553,264 | 6,519,767 | 6,565,432 | 5,785,406 | 8,985,286 | 7,450,343 | 6,784,074 | 6,002,513 | 5,430,359 | 5,649,475 | 5,358,018 | 4,909,440 | 4,261,289 | ||
| Gross Profit | 2,267,722 | 1,775,341 | 1,945,164 | 2,788,895 | 3,861,736 | 2,761,548 | 2,839,992 | 2,517,192 | 2,388,817 | 2,325,519 | 2,261,630 | 2,162,209 | 2,098,362 | ||
| Admin Expenses | 2,122,304 | 1,611,409 | 2,011,118 | 1,899,940 | 2,479,873 | 2,040,824 | 1,980,604 | 1,933,886 | 1,640,647 | 1,816,622 | 1,789,840 | 1,690,939 | 1,511,499 | ||
| Operating Profit | 145,418 | 163,932 | -65,954 | 888,955 | 1,381,863 | 720,724 | 859,388 | 583,306 | 748,170 | 508,897 | 471,790 | 471,270 | 586,863 | ||
| Interest Payable | 11 | 1,236 | 3,164 | 3,721 | 6,277 | 5,195 | 1,509 | 5,703 | 11,236 | 13,223 | 15,209 | 14,943 | 22,991 | ||
| Interest Receivable | 337 | 1,662 | |||||||||||||
| Pre-Tax Profit | 145,407 | 162,696 | -69,118 | 885,234 | 1,375,586 | 711,373 | 857,879 | 718,249 | 736,934 | 495,674 | 456,581 | 456,664 | 565,534 | ||
| Tax | -30,422 | -11,665 | 890 | -168,840 | -263,928 | -157,799 | -151,381 | -138,245 | -127,518 | -125,629 | -123,521 | -108,294 | -130,028 | ||
| Profit After Tax | 114,985 | 151,031 | -68,228 | 716,394 | 1,111,658 | 553,574 | 706,498 | 580,004 | 609,416 | 370,045 | 333,060 | 348,370 | 435,506 | ||
| Dividends Paid | 75,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 12,500 | ||||||||
| Retained Profit | 39,985 | 126,031 | -93,228 | 691,394 | 1,086,658 | 528,574 | 693,998 | 580,004 | 609,416 | 370,045 | 333,060 | 348,370 | 435,506 | ||
| Employee Costs | 1,285,169 | 1,283,276 | 1,511,857 | 1,144,622 | 1,153,882 | 1,005,236 | 1,074,503 | 1,031,164 | 999,792 | 961,751 | 986,802 | 878,294 | 809,728 | ||
| Number Of Employees | 49 | 51 | 54 | 52 | 46 | 46 | 43 | 41 | 58 | 65 | 62 | 57 | 57 | ||
| EBITDA* | 153,210 | 174,227 | -56,461 | 904,819 | 1,396,047 | 738,046 | 880,985 | 604,843 | 797,666 | 572,902 | 534,848 | 537,348 | 648,859 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 94,134 | 75,447 | 55,851 | 11,488 | 68,973 | 80,735 | 85,613 | 81,710 | 1,255,391 | 1,296,767 | 1,328,008 | 1,369,987 | 1,384,782 | 1,388,243 | 1,429,818 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 49,656 | 44,500 | 44,500 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 94,134 | 75,447 | 55,851 | 61,144 | 68,973 | 80,735 | 85,613 | 81,710 | 1,255,391 | 1,296,767 | 1,328,008 | 1,369,987 | 1,384,782 | 1,432,743 | 1,474,318 |
| Stock & work in progress | 1,458,396 | 2,475,808 | 2,085,660 | 2,159,923 | 1,643,842 | 1,742,891 | 1,798,678 | 1,543,314 | 1,718,422 | 1,885,433 | 1,963,030 | 1,779,273 | 1,558,383 | 1,424,798 | 1,039,804 |
| Trade Debtors | 1,685,270 | 610,488 | 728,044 | 1,000,733 | 1,711,434 | 1,606,197 | 1,284,049 | 1,274,328 | 1,112,730 | 1,296,442 | 2,073,630 | 1,689,837 | 1,408,203 | 1,386,089 | 1,170,634 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 6,850,233 | 7,760,283 | 7,264,906 | 4,592,365 | 4,540,767 | 3,775,946 | 1,926,265 | 2,606,508 | 118,913 | 265,086 | 316,431 | 1,074,547 | 1,016,036 | ||
| Cash | 3,320,605 | 915,116 | 1,355,036 | 4,364,273 | 1,923,662 | 1,699,639 | 3,056,132 | 1,810,461 | 3,324,925 | 2,260,477 | 952,807 | 481,328 | 1,144,465 | 1,604,554 | 2,198,916 |
| misc current assets | 890 | 49,345 | |||||||||||||
| total current assets | 13,314,504 | 11,761,695 | 11,434,536 | 12,117,294 | 9,819,705 | 8,824,673 | 8,065,124 | 7,234,611 | 6,274,990 | 5,707,438 | 5,305,898 | 5,024,985 | 5,176,432 | 4,415,441 | 4,409,354 |
| total assets | 13,408,638 | 11,837,142 | 11,490,387 | 12,178,438 | 9,888,678 | 8,905,408 | 8,150,737 | 7,316,321 | 7,530,381 | 7,004,205 | 6,633,906 | 6,394,972 | 6,561,214 | 5,848,184 | 5,883,672 |
| Bank overdraft | 1,281 | 1,817 | 1,415 | 238 | |||||||||||
| Bank loan | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | |||||
| Trade Creditors | 1,999,605 | 1,523,282 | 1,646,415 | 1,746,569 | 1,348,922 | 784,022 | 699,199 | 583,923 | 1,250,991 | 946,838 | 1,140,902 | 801,905 | 1,458,777 | 2,157,461 | 2,070,886 |
| Group/Directors Accounts | 3,873 | 13,932 | 88,259 | 72,646 | 72,646 | 76,410 | |||||||||
| other short term finances | 52,557 | 52,557 | 52,557 | 235,267 | 235,267 | ||||||||||
| hp & lease commitments | 3,689 | 13,052 | 23,404 | ||||||||||||
| other current liabilities | 2,920,332 | 1,846,133 | 1,431,287 | 1,865,956 | 605,237 | 1,207,817 | 943,927 | 784,458 | 865,786 | 1,006,244 | 733,894 | 1,405,291 | 1,238,043 | ||
| total current liabilities | 4,919,937 | 3,369,415 | 3,137,702 | 3,672,525 | 2,014,159 | 2,055,712 | 1,769,615 | 1,569,197 | 2,303,261 | 2,326,501 | 2,260,940 | 2,290,838 | 2,696,820 | 2,157,461 | 2,070,886 |
| loans | 19,011 | 30,000 | 90,000 | 150,000 | 210,000 | 270,000 | 330,000 | 390,000 | 450,000 | 510,000 | 570,000 | 690,000 | |||
| hp & lease commitments | 5,307 | 9,535 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 950,000 | 1,350,000 | |||||||||||||
| provisions | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 1,835 | 2,503 | ||||||
| total long term liabilities | 19,011 | 30,000 | 90,000 | 150,000 | 211,835 | 271,835 | 331,835 | 391,835 | 451,835 | 517,142 | 581,370 | 690,000 | 951,835 | 1,352,503 | |
| total liabilities | 4,919,937 | 3,388,426 | 3,167,702 | 3,762,525 | 2,164,159 | 2,267,547 | 2,041,450 | 1,901,032 | 2,695,096 | 2,778,336 | 2,778,082 | 2,872,208 | 3,386,820 | 3,109,296 | 3,423,389 |
| net assets | 8,488,701 | 8,448,716 | 8,322,685 | 8,415,913 | 7,724,519 | 6,637,861 | 6,109,287 | 5,415,289 | 4,835,285 | 4,225,869 | 3,855,824 | 3,522,764 | 3,174,394 | 2,738,888 | 2,460,283 |
| total shareholders funds | 8,488,701 | 8,448,716 | 8,322,685 | 8,415,913 | 7,724,519 | 6,637,861 | 6,109,287 | 5,415,289 | 4,835,285 | 4,225,869 | 3,855,824 | 3,522,764 | 3,174,394 | 2,738,888 | 2,460,283 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 145,418 | 163,932 | -65,954 | 888,955 | 1,381,863 | 720,724 | 859,388 | 583,306 | 748,170 | 508,897 | 471,790 | 471,270 | 586,863 | ||
| Depreciation | 7,792 | 10,295 | 9,493 | 15,864 | 14,184 | 17,322 | 21,597 | 21,537 | 49,496 | 64,005 | 63,058 | 66,078 | 61,996 | 58,256 | 58,923 |
| Amortisation | |||||||||||||||
| Tax | -30,422 | -11,665 | 890 | -168,840 | -263,928 | -157,799 | -151,381 | -138,245 | -127,518 | -125,629 | -123,521 | -108,294 | -130,028 | ||
| Stock | -1,017,412 | 390,148 | -74,263 | 516,081 | -99,049 | -55,787 | 255,364 | -175,108 | -167,011 | -77,597 | 183,757 | 220,890 | 133,585 | 384,994 | 1,039,804 |
| Debtors | 164,732 | 377,821 | 2,399,852 | -659,103 | 870,058 | 2,171,829 | -670,522 | 2,649,193 | -329,885 | -828,533 | -374,323 | 340,145 | 1,038,150 | 215,455 | 1,170,634 |
| Creditors | 476,323 | -123,133 | -100,154 | 397,647 | 564,900 | 84,823 | 115,276 | -667,068 | 304,153 | -194,064 | 338,997 | -656,872 | -698,684 | 86,575 | 2,070,886 |
| Accruals and Deferred Income | 1,074,199 | 414,846 | -434,669 | 1,260,719 | -602,580 | 263,890 | 159,469 | -81,328 | -140,458 | 272,350 | -671,397 | 167,248 | 1,238,043 | ||
| Deferred Taxes & Provisions | -1,835 | 1,835 | -1,835 | -668 | 2,503 | ||||||||||
| Cash flow from operations | 2,525,990 | -313,694 | -2,915,983 | 2,537,367 | 321,595 | -1,187,082 | 1,419,507 | -2,755,883 | 1,330,739 | 1,431,689 | 269,493 | -619,770 | -115,380 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | -2,422 | -12,444 | -25,500 | 1,152,144 | -8,120 | -31,014 | -21,079 | -33,869 | -44,945 | ||||||
| Change in Investments | -49,656 | 49,656 | -44,500 | 44,500 | |||||||||||
| cash flow from investments | 49,656 | -49,656 | -2,422 | -12,444 | -25,500 | 1,152,144 | -8,120 | -31,014 | -21,079 | -33,869 | -445 | ||||
| Financing Activities | |||||||||||||||
| Bank loans | -60,000 | 60,000 | |||||||||||||
| Group/Directors Accounts | -3,873 | -10,059 | -74,327 | 15,613 | -3,764 | 76,410 | |||||||||
| Other Short Term Loans | -52,557 | -182,710 | 235,267 | ||||||||||||
| Long term loans | -19,011 | -10,989 | -60,000 | -60,000 | -60,000 | -60,000 | -60,000 | -60,000 | -60,000 | -60,000 | -60,000 | -120,000 | 690,000 | ||
| Hire Purchase and Lease Commitments | -3,689 | -14,670 | -14,580 | 32,939 | |||||||||||
| other long term liabilities | -950,000 | -400,000 | 1,350,000 | ||||||||||||
| share issue | |||||||||||||||
| interest | -11 | -1,236 | -3,164 | -3,721 | -6,277 | -5,195 | -1,509 | -5,703 | -11,236 | -13,223 | -15,209 | -14,606 | -21,329 | ||
| cash flow from financing | -19,022 | -72,225 | -63,164 | -63,721 | -70,150 | -127,811 | -135,836 | -50,090 | -257,635 | -91,657 | 221,888 | -41,667 | -281,329 | ||
| cash and cash equivalents | |||||||||||||||
| cash | 2,405,489 | -439,920 | -3,009,237 | 2,440,611 | 224,023 | -1,356,493 | 1,245,671 | -1,514,464 | 1,064,448 | 1,307,670 | 471,479 | -663,137 | -460,089 | -594,362 | 2,198,916 |
| overdraft | -1,281 | -536 | 402 | 1,177 | 238 | ||||||||||
| change in cash | 2,405,489 | -439,920 | -3,009,237 | 2,440,611 | 224,023 | -1,356,493 | 1,245,671 | -1,513,183 | 1,064,984 | 1,307,268 | 470,302 | -663,375 | -460,089 | -594,362 | 2,198,916 |
future garments limited Credit Report and Business Information
Future Garments Limited Competitor Analysis
Perform a competitor analysis for future garments limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in B66 area or any other competitors across 12 key performance metrics.
future garments limited Ownership
FUTURE GARMENTS LIMITED group structure
Future Garments Limited has no subsidiary companies.
future garments limited directors
Future Garments Limited currently has 2 directors. The longest serving directors include Mr Hardip Palak (Feb 1993) and Mr Kuldip Palak (Feb 1993).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hardip Palak | United Kingdom | 58 years | Feb 1993 | - | Director |
| Mr Kuldip Palak | United Kingdom | 63 years | Feb 1993 | - | Director |
P&L
May 2024turnover
9.8m
+18%
operating profit
145.4k
-11%
gross margin
23.1%
+7.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
8.5m
0%
total assets
13.4m
+0.13%
cash
3.3m
+2.63%
net assets
Total assets minus all liabilities
future garments limited company details
company number
02690536
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
14120 - Manufacture of workwear
46420 - Wholesale of clothing and footwear
incorporation date
February 1992
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
THAPERS LIMITED
address
aqua house, buttress way, smethwick, warley, west midlands, B66 3DL
Bank
HANDELSBANKEN, HANDELSBANKEN
Legal Advisor
-
future garments 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 8 charges/mortgages relating to future garments limited. Currently there are 1 open charges and 7 have been satisfied in the past.
future garments 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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future garments limited Companies House Filings - See Documents
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