Texfelt Limited

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texfelt limited Company Information

Live

MatureSmallRapid

Company Number

02754905

Website

www.texfelt.co.uk

Registered Address

c/o james robinson fibres, limited millersdale close, euroway industrial estate, bradford, BD4 6SG

Industry

Preparation and spinning of textile fibres

Telephone

441274905411

Next Accounts Due

March 2025

Group Structure

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Directors

James Taylor30 Years

Rachel Taylor14 Years

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Shareholders

james robinson fibres ltd 99%

christopher john frederick taylor 1%

texfelt limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of TEXFELT LIMITED at £1.8m based on Net Assets of £978.5k and 1.85x industry multiple (adjusted for liquidity).

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Texfelt Limited is a live company located in euroway industrial estate, BD4 6SG with a Companies House number of 02754905. It operates in the preparation and spinning of textile fibres sector, SIC Code 13100. Founded in October 1992, it's largest shareholder is james robinson fibres ltd with a 99% stake. Texfelt Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Texfelt Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£11.4m)

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (1%)

EXPORT

Texfelt Limited's latest turnover from June 2023 is estimated at £2.8 million and the company has net assets of £978.5 thousand. According to their latest financial statements, Texfelt Limited has 29 employees and maintains cash reserves of £28.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,818,565	2,324,171	2,115,127	1,087,083	1,446,517	813,754	807,831	659,355	825,971	2,993,408	2,848,873	2,272,594	2,351,432	1,581,886
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,194,701	1,840,069	1,813,710	925,370	1,191,237	661,436	650,721	544,920	684,721	2,481,932	2,283,065	1,857,722	1,870,523	1,231,246
Gross Profit	623,864	484,102	301,418	161,713	255,280	152,318	157,111	114,435	141,250	511,476	565,808	414,872	480,909	350,640
Admin Expenses	660,110	537,331	-43,664	351,443	474,115	332,219	78,146	36,479	47,461	361,306	431,129	359,962	423,439	-849,922
Operating Profit	-36,246	-53,229	345,082	-189,730	-218,835	-179,901	78,965	77,956	93,789	150,170	134,679	54,910	57,470	1,200,562
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,299	287	14	8	135	199	214	543	437	237	120	173	825	720
Pre-Tax Profit	-34,948	-52,942	345,095	-189,722	-218,700	-179,702	79,179	78,499	94,226	150,406	134,799	55,083	58,295	1,201,282
Tax	0	0	-65,568	0	0	0	-15,044	-15,700	-18,845	-31,585	-31,004	-13,220	-15,157	-336,359
Profit After Tax	-34,948	-52,942	279,527	-189,722	-218,700	-179,702	64,135	62,799	75,381	118,821	103,795	41,863	43,138	864,923
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-34,948	-52,942	279,527	-189,722	-218,700	-179,702	64,135	62,799	75,381	118,821	103,795	41,863	43,138	864,923
Employee Costs	876,403	841,983	668,108	369,623	377,925	383,512	233,706	251,319	216,475	762,235	726,583	553,869	558,640	272,433
Number Of Employees	29	29	23	13	13	14	9	10	9	31	30	24	23	11
EBITDA*	33,816	-3,054	376,712	-160,098	-191,359	-159,035	90,530	91,703	104,899	161,202	149,200	81,524	72,252	1,214,124

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	586,066	261,034	248,424	132,924	145,905	122,057	49,506	67,795	75,972	64,582	75,614	115,870	119,484	123,143
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	69,951	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	586,066	261,034	318,375	132,924	145,905	122,057	49,506	67,795	75,972	64,582	75,614	115,870	119,484	123,143
Stock & work in progress	530,774	481,028	375,081	203,453	255,934	215,845	172,903	205,689	195,068	182,793	173,738	224,921	177,910	138,241
Trade Debtors	456,039	380,675	381,270	77,371	164,449	107,074	149,843	109,173	128,513	1,055,963	998,751	740,458	771,511	488,697
Group Debtors	38,225	148,604	28,852	481,612	593,711	847,700	1,098,448	948,295	978,637	0	0	0	0	0
Misc Debtors	148,756	108,347	214,661	89,937	115,217	13,303	33,119	7,776	7,324	0	0	0	0	0
Cash	28,454	23,486	22,502	4,541	11,507	24,422	55,159	116,269	100,808	74,145	20,540	27,273	41,757	288,110
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,202,248	1,142,140	1,022,366	856,914	1,140,818	1,208,344	1,509,472	1,387,202	1,410,350	1,312,901	1,193,029	992,652	991,178	915,048
total assets	1,788,314	1,403,174	1,340,741	989,838	1,286,723	1,330,401	1,558,978	1,454,997	1,486,322	1,377,483	1,268,643	1,108,522	1,110,662	1,038,191
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	256,782	246,408	188,825	155,961	271,324	66,747	121,927	55,903	137,112	192,568	199,152	142,610	182,484	149,880
Group/Directors Accounts	376,705	0	12,520	0	0	0	0	5,948	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	122,598	97,414	73,038	32,605	25,843	60,674	53,680	69,591	87,000	0	0	0	0	0
total current liabilities	756,085	343,822	274,383	188,566	297,167	127,421	175,607	131,442	224,112	192,568	199,152	142,610	182,484	149,880
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	53,761	45,936	0	14,441	13,003	7,727	8,416	12,735	14,189	12,275	15,672	15,888	20,017	23,288
total long term liabilities	53,761	45,936	0	14,441	13,003	7,727	8,416	12,735	14,189	12,275	15,672	15,888	20,017	23,288
total liabilities	809,846	389,758	274,383	203,007	310,170	135,148	184,023	144,177	238,301	204,843	214,824	158,498	202,501	173,168
net assets	978,468	1,013,416	1,066,358	786,831	976,553	1,195,253	1,374,955	1,310,820	1,248,021	1,172,640	1,053,819	950,024	908,161	865,023
total shareholders funds	978,468	1,013,416	1,066,358	786,831	976,553	1,195,253	1,374,955	1,310,820	1,248,021	1,172,640	1,053,819	950,024	908,161	865,023

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-36,246	-53,229	345,082	-189,730	-218,835	-179,901	78,965	77,956	93,789	150,170	134,679	54,910	57,470	1,200,562
Depreciation	70,062	50,175	31,630	29,632	27,476	20,866	11,565	13,747	11,110	11,032	14,521	26,614	14,782	13,562
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-65,568	0	0	0	-15,044	-15,700	-18,845	-31,585	-31,004	-13,220	-15,157	-336,359
Stock	49,746	105,947	171,628	-52,481	40,089	42,942	-32,786	10,621	12,275	9,055	-51,183	47,011	39,669	138,241
Debtors	5,394	-57,108	45,814	-224,457	-94,700	-313,333	216,166	-49,230	58,511	57,212	258,293	-31,053	282,814	488,697
Creditors	10,374	57,583	32,864	-115,363	204,577	-55,180	66,024	-81,209	-55,456	-6,584	56,542	-39,874	32,604	149,880
Accruals and Deferred Income	25,184	24,376	40,433	6,762	-34,831	6,994	-15,911	-17,409	87,000	0	0	0	0	0
Deferred Taxes & Provisions	7,825	45,936	-14,441	1,438	5,276	-689	-4,319	-1,454	1,914	-3,397	-216	-4,129	-3,271	23,288
Cash flow from operations	22,059	76,002	152,558	9,677	38,274	62,481	-62,100	14,540	48,726	53,369	-32,588	8,343	-236,055	423,995
Investing Activities
capital expenditure	-395,094	-62,785	-147,130	-16,651	-51,324	-93,417	6,724	-5,570	-22,500	0	25,735	-23,000	-11,123	-136,705
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-395,094	-62,785	-147,130	-16,651	-51,324	-93,417	6,724	-5,570	-22,500	0	25,735	-23,000	-11,123	-136,705
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	376,705	-12,520	12,520	0	0	0	-5,948	5,948	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	1,299	287	14	8	135	199	214	543	437	237	120	173	825	720
cash flow from financing	378,004	-12,233	12,534	8	135	199	-5,734	6,491	437	237	120	173	825	820
cash and cash equivalents
cash	4,968	984	17,961	-6,966	-12,915	-30,737	-61,110	15,461	26,663	53,605	-6,733	-14,484	-246,353	288,110
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	4,968	984	17,961	-6,966	-12,915	-30,737	-61,110	15,461	26,663	53,605	-6,733	-14,484	-246,353	288,110

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TEXFELT LIMITED group structure

Texfelt Limited has no subsidiary companies.

Ultimate parent company

JAMES ROBINSON FIBRES LIMITED

00388999

1 parent

TEXFELT LIMITED

02754905

TEXFELT LIMITED Shareholders

james robinson fibres ltd	99%
christopher john frederick taylor	1%

Texfelt Limited currently has 5 directors. The longest serving directors include Mr James Taylor (May 1994) and Mrs Rachel Taylor (Aug 2010).

officer	country	age	start	end	role
Mr James Taylor	United Kingdom	51 years	May 1994	-	Director
Mrs Rachel Taylor		49 years	Aug 2010	-	Director
Mr Michael Walsh		50 years	Aug 2017	-	Director
Mr Nicholas Batty	England	55 years	Apr 2021	-	Director
Mr Daniel Shortall	England	43 years	Nov 2022	-	Director

P&L

June 2023

turnover

2.8m

+21%

operating profit

-36.2k

gross margin

22.2%

+6.27%

turnover

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

Balance Sheet

June 2023

net assets

978.5k

-0.03%

total assets

1.8m

+0.27%

cash

28.5k

+0.21%

net assets

Total assets minus all liabilities

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company number

02754905

Type

Private limited with Share Capital

industry

13100 - Preparation and spinning of textile fibres

incorporation date

October 1992

accounts

Small Company

ultimate parent company

JAMES ROBINSON FIBRES LIMITED

previous names

N/A

last accounts submitted

June 2023

address

c/o james robinson fibres, limited millersdale close, euroway industrial estate, bradford, BD4 6SG

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 1 charges/mortgages relating to texfelt limited. Currently there are 0 open charges and 1 have been satisfied in the past.

texfelt limited Company Information

texfelt limited Estimated Valuation

texfelt limited Estimated Valuation

texfelt limited Estimated Valuation

Texfelt Limited Overview

Texfelt Limited Health Check

TEXFELT LIMITED financials

texfelt limited Credit Report and Business Information

Texfelt Limited Competitor Analysis

texfelt limited Ownership

texfelt limited directors

texfelt limited company details

texfelt limited Charges & Mortgages

texfelt limited Companies House Filings - See Documents