Gilt Edge Carpets Limited

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gilt edge carpets limited Company Information

Live

MatureSmallLow

Company Number

02709150

Website

www.giltedgecarpets.co.uk

Registered Address

4th floor fitzrovia house, 153-157 cleveland street, london, W1T 6QW

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Telephone

02077312588

Next Accounts Due

January 2025

Group Structure

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Directors

Anne Nangle32 Years

Desmond Nangle27 Years

Shareholders

desmond brian nangle 51%

mr paul nangle 25%

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gilt edge carpets limited Estimated Valuation

£250.5k

Pomanda estimates the enterprise value of GILT EDGE CARPETS LIMITED at £250.5k based on a Turnover of £888.6k and 0.28x industry multiple (adjusted for size and gross margin).

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Gilt Edge Carpets Limited is a live company located in london, W1T 6QW with a Companies House number of 02709150. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in April 1992, it's largest shareholder is desmond brian nangle with a 51% stake. Gilt Edge Carpets Limited is a mature, small sized company, Pomanda has estimated its turnover at £888.6k with low growth in recent years.

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Pomanda's financial health check has awarded Gilt Edge Carpets Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £888.6k, make it smaller than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.7%)

EXPORT

Gilt Edge Carpets Limited's latest turnover from April 2023 is estimated at £888.6 thousand and the company has net assets of £96. According to their latest financial statements, Gilt Edge Carpets Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	888,567	735,476	659,443	835,946	844,943	754,713	790,343	362,378	263,825	298,245	304,802	310,321	366,429	367,648
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	577,632	508,105	457,209	543,138	574,323	517,580	557,231	258,005	191,282	208,167	212,931	217,336	251,746	251,814
Gross Profit	310,935	227,371	202,234	292,808	270,620	237,134	233,112	104,373	72,543	90,078	91,871	92,986	114,684	115,834
Admin Expenses	309,988	231,505	185,123	311,057	261,495	241,260	266,042	102,810	60,176	72,244	104,086	131,718	136,832	-1,679
Operating Profit	947	-4,134	17,111	-18,249	9,125	-4,126	-32,930	1,563	12,367	17,834	-12,215	-38,732	-22,148	117,513
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	35	98	110	159	111	115	194	112
Pre-Tax Profit	947	-4,134	17,111	-18,249	9,125	-4,126	-32,895	1,661	12,476	17,994	-12,105	-38,617	-21,954	117,625
Tax	-237	0	-3,251	0	-1,734	0	0	-332	-2,495	-3,779	0	0	0	-32,935
Profit After Tax	710	-4,134	13,860	-18,249	7,391	-4,126	-32,895	1,329	9,981	14,215	-12,105	-38,617	-21,954	84,690
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	710	-4,134	13,860	-18,249	7,391	-4,126	-32,895	1,329	9,981	14,215	-12,105	-38,617	-21,954	84,690
Employee Costs	89,439	80,244	75,474	100,295	113,432	101,483	104,030	49,985	48,545	49,812	47,324	42,249	40,224	68,742
Number Of Employees	3	3	3	4	4	4	4	2	2	2	2	2	2	3
EBITDA*	947	-4,134	17,111	-18,249	9,125	-4,126	-32,930	2,130	13,124	17,985	-12,012	-38,461	-21,787	118,093

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	8,041	8,436	8,965	7,497	7,711	7,998	8,377	8,552	9,119	7,310	7,461	7,664	7,935	8,296
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,041	8,436	8,965	7,497	7,711	7,998	8,377	8,552	9,119	7,310	7,461	7,664	7,935	8,296
Stock & work in progress	0	0	0	0	0	0	0	130,350	135,171	127,151	115,171	111,235	97,121	85,558
Trade Debtors	230,212	222,643	235,246	179,586	210,453	163,755	156,309	21,647	12,636	12,206	12,671	18,754	34,549	43,221
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	7,718	9,278	10,989	10,989	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	27,800	11,464	32,438	31,359	12,841	33,019	44,649
misc current assets	0	0	0	0	10,989	10,989	10,989	0	0	0	0	0	0	0
total current assets	237,930	231,921	246,235	190,575	221,442	174,744	167,298	179,797	159,271	171,795	159,201	142,830	164,689	173,428
total assets	245,971	240,357	255,200	198,072	229,153	182,742	175,675	188,349	168,390	179,105	166,662	150,494	172,624	181,724
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	210,875	195,971	201,680	208,412	221,244	182,224	171,031	150,710	132,080	152,776	154,548	126,275	109,788	96,934
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	210,875	195,971	201,680	208,412	221,244	182,224	171,031	150,710	132,080	152,776	154,548	126,275	109,788	96,934
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	35,000	45,000	50,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	35,000	45,000	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	245,875	240,971	251,680	208,412	221,244	182,224	171,031	150,710	132,080	152,776	154,548	126,275	109,788	96,934
net assets	96	-614	3,520	-10,340	7,909	518	4,644	37,639	36,310	26,329	12,114	24,219	62,836	84,790
total shareholders funds	96	-614	3,520	-10,340	7,909	518	4,644	37,639	36,310	26,329	12,114	24,219	62,836	84,790

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	947	-4,134	17,111	-18,249	9,125	-4,126	-32,930	1,563	12,367	17,834	-12,215	-38,732	-22,148	117,513
Depreciation	0	0	0	0	0	0	0	567	757	151	203	271	361	580
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-237	0	-3,251	0	-1,734	0	0	-332	-2,495	-3,779	0	0	0	-32,935
Stock	0	0	0	0	0	0	-130,350	-4,821	8,020	11,980	3,936	14,114	11,563	85,558
Debtors	6,009	-14,314	55,660	-19,878	46,698	7,446	134,662	9,011	430	-465	-6,083	-15,795	-8,672	43,221
Creditors	14,904	-5,709	-6,732	-12,832	39,020	11,193	20,321	18,630	-20,696	-1,772	28,273	16,487	12,854	96,934
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	9,605	4,471	-48,532	-11,203	-287	-379	-16,921	16,238	-18,517	919	18,408	-20,293	-11,824	53,313
Investing Activities
capital expenditure	395	529	-1,468	214	287	379	175	0	-2,566	0	0	0	0	-8,876
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	395	529	-1,468	214	287	379	175	0	-2,566	0	0	0	0	-8,876
Financing Activities
Bank loans	0	0	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,000	-5,000	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	35	98	110	159	111	115	194	112
cash flow from financing	-10,000	-5,000	50,000	0	0	0	-65	98	110	159	111	115	194	212
cash and cash equivalents
cash	0	0	0	0	0	0	-27,800	16,336	-20,974	1,079	18,518	-20,178	-11,630	44,649
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-27,800	16,336	-20,974	1,079	18,518	-20,178	-11,630	44,649

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GILT EDGE CARPETS LIMITED group structure

Gilt Edge Carpets Limited has no subsidiary companies.

Ultimate parent company

GILT EDGE CARPETS LIMITED

02709150

GILT EDGE CARPETS LIMITED Shareholders

desmond brian nangle	51%
mr paul nangle	25%
mrs anne nangle	24%

Gilt Edge Carpets Limited currently has 2 directors. The longest serving directors include Mrs Anne Nangle (Apr 1992) and Mr Desmond Nangle (May 1997).

officer	country	age	start	end	role
Mrs Anne Nangle		75 years	Apr 1992	-	Director
Mr Desmond Nangle		52 years	May 1997	-	Director

P&L

April 2023

turnover

888.6k

+21%

operating profit

946.7

gross margin

35%

+13.19%

turnover

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

Balance Sheet

April 2023

net assets

-1.16%

total assets

246k

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

02709150

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

April 1992

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

4th floor fitzrovia house, 153-157 cleveland street, london, W1T 6QW

last accounts submitted

April 2023

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 did not find charges/mortgages relating to gilt edge carpets limited.

gilt edge carpets limited Company Information

gilt edge carpets limited Estimated Valuation

gilt edge carpets limited Estimated Valuation

gilt edge carpets limited Estimated Valuation

Gilt Edge Carpets Limited Overview

Gilt Edge Carpets Limited Health Check

GILT EDGE CARPETS LIMITED financials

gilt edge carpets limited Credit Report and Business Information

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gilt edge carpets limited Ownership

gilt edge carpets limited directors

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