matchesfashion limited

4.5

matchesfashion limited Company Information

Share MATCHESFASHION LIMITED
Live (In Receivership)
MatureMegaDeclining

Company Number

02717838

Registered Address

c/o teneco financial advisory li, the colmore building, 20 colmore circus queensway, birmingham, B4 6AT

Industry

Retail sale via mail order houses or via Internet

 

Retail sale of clothing in specialised stores

 

Telephone

08456025612

Next Accounts Due

October 2024

Group Structure

View All

Directors

Nicholas Beighton1 Years

Shareholders

mf bidco limited 100%

matchesfashion limited Estimated Valuation

£0 - £254.6m

The estimated valuation range for matchesfashion limited, derived from financial data as of January 2023 and the most recent industry multiples, is between £0 to £254.6m

matchesfashion limited Estimated Valuation

£0 - £254.6m

The estimated valuation range for matchesfashion limited, derived from financial data as of January 2023 and the most recent industry multiples, is between £0 to £254.6m

matchesfashion limited Estimated Valuation

£0 - £254.6m

The estimated valuation range for matchesfashion limited, derived from financial data as of January 2023 and the most recent industry multiples, is between £0 to £254.6m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Matchesfashion Limited AI Business Plan

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Matchesfashion Limited Overview

Matchesfashion Limited is a live company located in 20 colmore circus queensway, B4 6AT with a Companies House number of 02717838. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in May 1992, it's largest shareholder is mf bidco limited with a 100% stake. Matchesfashion Limited is a mature, mega sized company, Pomanda has estimated its turnover at £380.1m with declining growth in recent years.

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Matchesfashion Limited Health Check

Pomanda's financial health check has awarded Matchesfashion Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £380.1m, make it larger than the average company (£4.7m)

£380.1m - Matchesfashion Limited

£4.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.5%)

-4% - Matchesfashion Limited

5.5% - Industry AVG

production

Production

with a gross margin of 33.5%, this company has a higher cost of product (43%)

33.5% - Matchesfashion Limited

43% - Industry AVG

profitability

Profitability

an operating margin of -17.7% make it less profitable than the average company (3.6%)

-17.7% - Matchesfashion Limited

3.6% - Industry AVG

employees

Employees

with 678 employees, this is above the industry average (32)

678 - Matchesfashion Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £82.6k, the company has a higher pay structure (£26.1k)

£82.6k - Matchesfashion Limited

£26.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £560.6k, this is more efficient (£156.2k)

£560.6k - Matchesfashion Limited

£156.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is earlier than average (18 days)

11 days - Matchesfashion Limited

18 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 63 days, this is slower than average (37 days)

63 days - Matchesfashion Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 134 days, this is more than average (109 days)

134 days - Matchesfashion Limited

109 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (16 weeks)

13 weeks - Matchesfashion Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.2%, this is a lower level of debt than the average (74.7%)

63.2% - Matchesfashion Limited

74.7% - Industry AVG

matchesfashion 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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Matchesfashion Limited Competitor Analysis

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Perform a competitor analysis for matchesfashion limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

matchesfashion limited Ownership

MATCHESFASHION LIMITED group structure

Matchesfashion Limited has no subsidiary companies.

Ultimate parent company

MF TOPHOLDINGS SARL

#0104232

2 parents

MATCHESFASHION LIMITED

02717838

MATCHESFASHION LIMITED Shareholders

mf bidco limited 100%

matchesfashion limited directors

Matchesfashion Limited currently has 1 director, Mr Nicholas Beighton serving since Aug 2022.

officercountryagestartendrole
Mr Nicholas Beighton55 years Aug 2022- Director

MATCHESFASHION LIMITED financials

EXPORTms excel logo

Matchesfashion Limited's latest turnover from January 2023 is £380.1 million and the company has net assets of £62.5 million. According to their latest financial statements, Matchesfashion Limited has 678 employees and maintains cash reserves of £23.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover380,093,000386,584,000390,943,000433,862,000371,784,425292,791,462203,741,861126,886,23299,606,00481,644,7255,489,80445,974,55833,162,67226,841,67925,237,595
Other Income Or Grants000000000000000
Cost Of Sales252,692,000260,098,000269,739,000270,376,000225,002,539167,766,328114,012,18373,754,02958,714,71846,854,7323,593,76224,608,41117,869,88613,757,10013,518,116
Gross Profit127,401,000126,486,000121,204,000163,486,000146,781,886125,025,13489,729,67853,132,20340,891,28634,789,9931,896,04221,366,14715,292,78613,084,57911,719,479
Admin Expenses194,613,000163,960,000152,426,000167,190,000144,319,674102,139,07073,814,27351,965,39646,051,80835,081,1332,418,46021,315,98014,974,47911,497,00110,752,567
Operating Profit-67,212,000-37,474,000-31,222,000-3,704,0002,462,21222,886,06415,915,4051,166,807-5,160,522-291,140-522,41850,167318,3071,587,578966,912
Interest Payable3,425,0002,532,0003,665,0001,896,000636,8703,299,4345,021,8812,860,338513,17089,694110,3581,225,884880,621657,856633,898
Interest Receivable000000000000000
Pre-Tax Profit-70,637,000-40,006,000-34,887,000-5,600,0001,825,34219,586,63010,893,524-1,693,531-5,673,692-380,834-632,776-1,175,717-562,314929,722333,014
Tax-213,000234,0000-290,000-1,019,946-636,450-986,016076,670-2,437235,94232,1554,372-362,990-121,906
Profit After Tax-70,850,000-39,772,000-34,887,000-5,890,000805,39618,950,1809,907,508-1,693,531-5,597,022-383,271-396,834-1,143,562-557,942566,732211,108
Dividends Paid00000000000000150,000
Retained Profit-70,850,000-39,772,000-34,887,000-5,890,000805,39618,950,1809,907,508-1,693,531-5,597,022-383,271-396,834-1,143,562-557,942566,73261,108
Employee Costs55,982,00053,292,00049,687,00049,595,00042,563,19034,151,32527,509,87020,794,34617,920,21714,452,937994,2479,430,5897,466,4095,657,5985,373,242
Number Of Employees678724737738682574527426388399349295259212181
EBITDA*-58,412,000-26,287,000-18,302,0003,884,0006,962,28526,015,90219,441,0693,612,019-1,411,2621,170,415-411,2721,202,0831,081,9732,042,3121,400,444

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets20,665,00023,646,00034,584,00017,256,00016,574,5727,465,0165,681,7033,558,8504,930,5104,861,1434,053,7153,967,9513,662,1923,845,2323,607,221
Intangible Assets55,000212,000528,0001,065,0001,595,8112,117,5791,995,9502,848,0102,899,5093,068,4621,821,3571,771,4181,575,8611,372,569179,088
Investments & Other000000000000000
Debtors (Due After 1 year)00750,000546,000558,4780000000000
Total Fixed Assets20,720,00023,858,00035,112,00018,321,00018,170,3839,582,5957,677,6536,406,8607,830,0197,929,6055,875,0725,739,3695,238,0535,217,8013,786,309
Stock & work in progress93,040,00081,708,00079,583,000144,151,000111,554,29484,240,94246,329,52431,806,50724,504,99722,854,43112,947,44612,325,8258,959,7086,274,5434,931,507
Trade Debtors11,457,00013,240,0001,996,0002,084,0001,380,762964,1991,729,528705,327257,128349,17177,569282,503118,024168,523243,296
Group Debtors42,00015,663,0007,702,000000000000000
Misc Debtors20,170,00012,809,00021,275,00010,496,00010,181,5487,336,1844,557,9451,888,1961,161,4721,254,8521,236,7151,412,221966,436833,4441,219,302
Cash23,139,0005,748,0006,564,00014,086,00010,024,3005,447,0796,367,2362,102,3641,992,0472,341,3387,533,3008,693,026715,80020,022313,826
misc current assets00000311,247000000000
total current assets149,021,000129,866,000117,499,000171,792,000134,289,86998,299,65158,984,23336,502,39427,915,64426,799,79221,795,03022,713,57510,759,9687,296,5326,707,931
total assets169,741,000153,724,000152,611,000190,113,000152,460,252107,882,24666,661,88642,909,25435,745,66334,729,39727,670,10228,452,94415,998,02112,514,33310,494,240
Bank overdraft0000000000001,031,701844,6791,497,722
Bank loan000000000000180,978175,039210,006
Trade Creditors 43,801,00035,107,00026,722,00083,448,00057,867,35944,512,61324,640,41216,034,89319,998,12217,300,77311,854,29612,026,41910,090,7226,832,9944,740,662
Group/Directors Accounts000000000000428,69600
other short term finances000000002,000,000000000
hp & lease commitments6,819,0004,405,0005,982,00000000047,16243,98846,07962,89636,161121,287
other current liabilities40,381,00040,553,00058,211,00075,440,00059,256,46528,838,60112,413,4336,153,6595,947,4413,907,4681,870,4631,920,0972,404,6122,120,5611,848,277
total current liabilities91,001,00080,065,00090,915,000158,888,000117,123,82473,351,21437,053,84522,188,55227,945,56321,255,40313,768,74713,992,59514,199,60510,009,4348,417,954
loans25,832,00033,504,00042,210,00000029,152,58431,407,1581,089,44601,089,4461,089,4461,159,4501,340,4081,486,241
hp & lease commitments12,916,00016,752,00021,105,000000000049,29450,66692,02641,683104,398
Accruals and Deferred Income000000000000000
other liabilities0000000001,089,44600000
provisions6,658,0007,124,0006,732,0003,558,00000209,0600076,87274,435235,223318,364336,290265,861
total long term liabilities16,245,00020,314,00024,471,0001,779,0000014,680,82215,703,5791,089,4461,166,3181,213,1751,375,3351,569,8401,718,3811,856,500
total liabilities107,246,000100,379,000115,386,000160,667,000117,123,82473,351,21451,734,66737,892,13129,035,00922,421,72114,981,92215,367,93015,769,44511,727,81510,274,454
net assets62,495,00053,345,00037,225,00029,446,00035,336,42834,531,03214,927,2195,017,1236,710,65412,307,67612,688,18013,085,014228,576786,518219,786
total shareholders funds62,495,00053,345,00037,225,00029,446,00035,336,42834,531,03214,927,2195,017,1236,710,65412,307,67612,688,18013,085,014228,576786,518219,786
Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-67,212,000-37,474,000-31,222,000-3,704,0002,462,21222,886,06415,915,4051,166,807-5,160,522-291,140-522,41850,167318,3071,587,578966,912
Depreciation8,640,00010,850,00012,263,0006,797,0003,365,9602,160,9752,250,4601,442,1581,650,772933,56982,046624,674515,068308,913367,071
Amortisation160,000337,000657,000791,0001,134,113968,8631,275,2041,003,0542,098,488527,98629,100527,242248,598145,82166,461
Tax-213,000234,0000-290,000-1,019,946-636,450-986,016076,670-2,437235,94232,1554,372-362,990-121,906
Stock11,332,0002,125,000-64,568,00032,596,70627,313,35237,911,41814,523,0177,301,5101,650,5669,906,985621,6213,366,1172,685,1651,343,0364,931,507
Debtors-10,043,0009,989,00018,597,0001,005,2123,820,4052,012,9103,693,9501,174,923-185,423289,739-380,440610,26482,493-460,6311,462,598
Creditors8,694,0008,385,000-56,726,00025,580,64113,354,74619,872,2018,605,519-3,963,2292,697,3495,446,477-172,1231,935,6973,257,7282,092,3324,740,662
Accruals and Deferred Income-172,000-17,658,000-17,229,00016,183,53530,417,86416,425,1686,259,774206,2182,039,9732,037,005-49,634-484,515284,051272,2841,848,277
Deferred Taxes & Provisions-466,000392,0003,174,0003,558,0000-209,060209,0600-76,8722,437-160,788-83,141-17,92670,429265,861
Cash flow from operations-51,858,000-47,048,000-43,112,00015,314,25818,581,19221,543,43315,312,439-8,621,4251,860,715-1,542,827-799,056-1,374,1021,842,5403,231,9621,739,233
Investing Activities
capital expenditure-5,662,00067,000-29,711,000-7,738,617-13,087,861-5,034,780-4,796,457-1,022,053-3,649,674-3,512,279-246,849-1,646,015-1,259,396-529,411-413,674
Change in Investments000000000000000
cash flow from investments-5,662,00067,000-29,711,000-7,738,617-13,087,861-5,034,780-4,796,457-1,022,053-3,649,674-3,512,279-246,849-1,646,015-1,259,396-529,411-413,674
Financing Activities
Bank loans00000000000-180,9785,939-34,967210,006
Group/Directors Accounts00000000000-428,696428,69600
Other Short Term Loans 0000000-2,000,0002,000,000000000
Long term loans-7,672,000-8,706,00042,210,00000-29,152,584-2,254,57430,317,7121,089,446-1,089,4460-70,004-180,958-145,8331,486,241
Hire Purchase and Lease Commitments-1,422,000-5,930,00027,087,00000000-47,162-46,120-3,463-58,17777,078-147,841225,685
other long term liabilities00000000-1,089,4461,089,44600000
share issue80,000,00055,892,00042,666,000-4280653,6332,588002,767014,000,00000158,678
interest-3,425,000-2,532,000-3,665,000-1,896,000-636,870-3,299,434-5,021,881-2,860,338-513,170-89,694-110,358-1,225,884-880,621-657,856-633,898
cash flow from financing67,481,00038,724,000108,298,000-1,896,428-636,870-31,798,385-7,273,86725,457,3741,439,668-133,047-113,82112,036,261-549,866-986,4971,446,712
cash and cash equivalents
cash17,391,000-816,000-7,522,0004,061,7004,577,221-920,1574,264,872110,317-349,291-5,191,962-1,159,7267,977,226695,778-293,804313,826
overdraft00000000000-1,031,701187,022-653,0431,497,722
change in cash17,391,000-816,000-7,522,0004,061,7004,577,221-920,1574,264,872110,317-349,291-5,191,962-1,159,7269,008,927508,756359,239-1,183,896

P&L

January 2023

turnover

380.1m

-2%

operating profit

-67.2m

+79%

gross margin

33.6%

+2.44%

turnover

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

Balance Sheet

January 2023

net assets

62.5m

+0.17%

total assets

169.7m

+0.1%

cash

23.1m

+3.03%

net assets

Total assets minus all liabilities

matchesfashion limited company details

company number

02717838

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

47710 - Retail sale of clothing in specialised stores

incorporation date

May 1992

age

32

accounts

Group

ultimate parent company

MF TOPHOLDINGS SARL

previous names

lucky joe limited (March 2013)

sudtons limited (January 1993)

incorporated

UK

address

c/o teneco financial advisory li, the colmore building, 20 colmore circus queensway, birmingham, B4 6AT

last accounts submitted

January 2023

matchesfashion 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 17 charges/mortgages relating to matchesfashion limited. Currently there are 5 open charges and 12 have been satisfied in the past.

charges

matchesfashion limited Companies House Filings - See Documents

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