gilt edge carpets limited

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gilt edge carpets limited Company Information

Share GILT EDGE CARPETS LIMITED
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MatureSmallLow

Company Number

02709150

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%

View All

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).

gilt edge carpets limited Estimated Valuation

£3.3k

Pomanda estimates the enterprise value of GILT EDGE CARPETS LIMITED at £3.3k based on an EBITDA of £946 and a 3.47x industry multiple (adjusted for size and gross margin).

gilt edge carpets limited Estimated Valuation

£294

Pomanda estimates the enterprise value of GILT EDGE CARPETS LIMITED at £294 based on Net Assets of £96 and 3.07x industry multiple (adjusted for liquidity).

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Gilt Edge Carpets Limited Overview

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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Gilt Edge Carpets Limited Health Check

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 Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

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

£888.6k - Gilt Edge Carpets Limited

£1.9m - Industry AVG

growth

Growth

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

2% - Gilt Edge Carpets Limited

3.7% - Industry AVG

production

Production

with a gross margin of 35%, this company has a higher cost of product (44%)

35% - Gilt Edge Carpets Limited

44% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (4.8%)

0.1% - Gilt Edge Carpets Limited

4.8% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (14)

3 - Gilt Edge Carpets Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)

£29.8k - Gilt Edge Carpets Limited

£29.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £296.2k, this is more efficient (£166k)

£296.2k - Gilt Edge Carpets Limited

£166k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 94 days, this is later than average (32 days)

94 days - Gilt Edge Carpets Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 133 days, this is slower than average (46 days)

133 days - Gilt Edge Carpets Limited

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Gilt Edge Carpets Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Gilt Edge Carpets Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (60.8%)

100% - Gilt Edge Carpets Limited

60.8% - Industry AVG

GILT EDGE CARPETS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover888,567735,476659,443835,946844,943754,713790,343362,378263,825298,245304,802310,321366,429367,648
Other Income Or Grants00000000000000
Cost Of Sales577,632508,105457,209543,138574,323517,580557,231258,005191,282208,167212,931217,336251,746251,814
Gross Profit310,935227,371202,234292,808270,620237,134233,112104,37372,54390,07891,87192,986114,684115,834
Admin Expenses309,988231,505185,123311,057261,495241,260266,042102,81060,17672,244104,086131,718136,832-1,679
Operating Profit947-4,13417,111-18,2499,125-4,126-32,9301,56312,36717,834-12,215-38,732-22,148117,513
Interest Payable00000000000000
Interest Receivable0000003598110159111115194112
Pre-Tax Profit947-4,13417,111-18,2499,125-4,126-32,8951,66112,47617,994-12,105-38,617-21,954117,625
Tax-2370-3,2510-1,73400-332-2,495-3,779000-32,935
Profit After Tax710-4,13413,860-18,2497,391-4,126-32,8951,3299,98114,215-12,105-38,617-21,95484,690
Dividends Paid00000000000000
Retained Profit710-4,13413,860-18,2497,391-4,126-32,8951,3299,98114,215-12,105-38,617-21,95484,690
Employee Costs89,43980,24475,474100,295113,432101,483104,03049,98548,54549,81247,32442,24940,22468,742
Number Of Employees33344442222223
EBITDA*947-4,13417,111-18,2499,125-4,126-32,9302,13013,12417,985-12,012-38,461-21,787118,093

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets8,0418,4368,9657,4977,7117,9988,3778,5529,1197,3107,4617,6647,9358,296
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets8,0418,4368,9657,4977,7117,9988,3778,5529,1197,3107,4617,6647,9358,296
Stock & work in progress0000000130,350135,171127,151115,171111,23597,12185,558
Trade Debtors230,212222,643235,246179,586210,453163,755156,30921,64712,63612,20612,67118,75434,54943,221
Group Debtors00000000000000
Misc Debtors7,7189,27810,98910,9890000000000
Cash000000027,80011,46432,43831,35912,84133,01944,649
misc current assets000010,98910,98910,9890000000
total current assets237,930231,921246,235190,575221,442174,744167,298179,797159,271171,795159,201142,830164,689173,428
total assets245,971240,357255,200198,072229,153182,742175,675188,349168,390179,105166,662150,494172,624181,724
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 210,875195,971201,680208,412221,244182,224171,031150,710132,080152,776154,548126,275109,78896,934
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities210,875195,971201,680208,412221,244182,224171,031150,710132,080152,776154,548126,275109,78896,934
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities35,00045,00050,00000000000000
provisions00000000000000
total long term liabilities35,00045,00050,00000000000000
total liabilities245,875240,971251,680208,412221,244182,224171,031150,710132,080152,776154,548126,275109,78896,934
net assets96-6143,520-10,3407,9095184,64437,63936,31026,32912,11424,21962,83684,790
total shareholders funds96-6143,520-10,3407,9095184,64437,63936,31026,32912,11424,21962,83684,790
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit947-4,13417,111-18,2499,125-4,126-32,9301,56312,36717,834-12,215-38,732-22,148117,513
Depreciation0000000567757151203271361580
Amortisation00000000000000
Tax-2370-3,2510-1,73400-332-2,495-3,779000-32,935
Stock000000-130,350-4,8218,02011,9803,93614,11411,56385,558
Debtors6,009-14,31455,660-19,87846,6987,446134,6629,011430-465-6,083-15,795-8,67243,221
Creditors14,904-5,709-6,732-12,83239,02011,19320,32118,630-20,696-1,77228,27316,48712,85496,934
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations9,6054,471-48,532-11,203-287-379-16,92116,238-18,51791918,408-20,293-11,82453,313
Investing Activities
capital expenditure395529-1,4682142873791750-2,5660000-8,876
Change in Investments00000000000000
cash flow from investments395529-1,4682142873791750-2,5660000-8,876
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-10,000-5,00050,00000000000000
share issue000000-100000000100
interest0000003598110159111115194112
cash flow from financing-10,000-5,00050,000000-6598110159111115194212
cash and cash equivalents
cash000000-27,80016,336-20,9741,07918,518-20,178-11,63044,649
overdraft00000000000000
change in cash000000-27,80016,336-20,9741,07918,518-20,178-11,63044,649

gilt edge carpets 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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Gilt Edge Carpets Limited Competitor Analysis

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gilt edge carpets limited Ownership

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 directors

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

officercountryagestartendrole
Mrs Anne Nangle75 years Apr 1992- Director
Mr Desmond Nangle52 years May 1997- Director

P&L

April 2023

turnover

888.6k

+21%

operating profit

946.7

0%

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

96

-1.16%

total assets

246k

+0.02%

cash

0

0%

net assets

Total assets minus all liabilities

gilt edge carpets limited company details

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

32

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

UK

address

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

last accounts submitted

April 2023

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

charges

gilt edge carpets limited Companies House Filings - See Documents

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