men in suits limited Company Information
Company Number
02801100
Next Accounts
Mar 2025
Shareholders
colin babb
mrs kathryn babb
Group Structure
View All
Industry
Financial management
Registered Address
wintry park house, thornwood road, epping, essex, CM16 6SZ
Website
www.meninsuits.co.ukmen in suits limited Estimated Valuation
Pomanda estimates the enterprise value of MEN IN SUITS LIMITED at £4.8k based on a Turnover of £6.9k and 0.7x industry multiple (adjusted for size and gross margin).
men in suits limited Estimated Valuation
Pomanda estimates the enterprise value of MEN IN SUITS LIMITED at £0 based on an EBITDA of £-23.6k and a 5.41x industry multiple (adjusted for size and gross margin).
men in suits limited Estimated Valuation
Pomanda estimates the enterprise value of MEN IN SUITS LIMITED at £0 based on Net Assets of £-29.5k and 3.51x industry multiple (adjusted for liquidity).
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Men In Suits Limited Overview
Men In Suits Limited is a live company located in epping, CM16 6SZ with a Companies House number of 02801100. It operates in the financial management sector, SIC Code 70221. Founded in March 1993, it's largest shareholder is colin babb with a 51% stake. Men In Suits Limited is a mature, micro sized company, Pomanda has estimated its turnover at £6.9k with declining growth in recent years.
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Men In Suits Limited Health Check
Pomanda's financial health check has awarded Men In Suits Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs


1 Strong

4 Regular

7 Weak

Size
annual sales of £6.9k, make it smaller than the average company (£746k)
- Men In Suits Limited
£746k - Industry AVG

Growth
3 year (CAGR) sales growth of -56%, show it is growing at a slower rate (8.7%)
- Men In Suits Limited
8.7% - Industry AVG

Production
with a gross margin of 80.8%, this company has a comparable cost of product (80.8%)
- Men In Suits Limited
80.8% - Industry AVG

Profitability
an operating margin of -344.3% make it less profitable than the average company (8.7%)
- Men In Suits Limited
8.7% - Industry AVG

Employees
with 1 employees, this is below the industry average (5)
- Men In Suits Limited
5 - Industry AVG

Pay Structure
on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)
- Men In Suits Limited
£56.4k - Industry AVG

Efficiency
resulting in sales per employee of £6.9k, this is less efficient (£142.8k)
- Men In Suits Limited
£142.8k - Industry AVG

Debtor Days
it gets paid by customers after 72 days, this is near the average (66 days)
- Men In Suits Limited
66 days - Industry AVG

Creditor Days
its suppliers are paid after 629 days, this is slower than average (45 days)
- Men In Suits Limited
45 days - Industry AVG

Stock Days
it holds stock equivalent to 977 days, this is more than average (34 days)
- Men In Suits Limited
34 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 36 weeks, this is average cash available to meet short term requirements (35 weeks)
36 weeks - Men In Suits Limited
35 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 124.8%, this is a higher level of debt than the average (48.1%)
124.8% - Men In Suits Limited
48.1% - Industry AVG
MEN IN SUITS LIMITED financials

Men In Suits Limited's latest turnover from June 2023 is estimated at £6.9 thousand and the company has net assets of -£29.5 thousand. According to their latest financial statements, we estimate that Men In Suits Limited has 1 employee and maintains cash reserves of £97.4 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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 2 | 2 | 2 | 1 | ||||||||||
EBITDA* |
* 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 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
Intangible Assets | ||||||||||||||
Investments & Other | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 1,702 | 1,702 | 2 | ||||||
Debtors (Due After 1 year) | 13,661 | 5,700 | ||||||||||||
Total Fixed Assets | 16,363 | 8,402 | 2,702 | 2,702 | 2,702 | 1,704 | 1,704 | 4 | 2 | 2 | 2 | 2 | 2 | 2 |
Stock & work in progress | 3,532 | 3,731 | 690 | 59,212 | 10,822 | 2,000 | ||||||||
Trade Debtors | 1,360 | 2,690 | 2,549 | 1,967 | 3,807 | 2,432 | 20,500 | 8,750 | 17,027 | 18,574 | 13,836 | 14,118 | ||
Group Debtors | 181,500 | 118,390 | 118,025 | |||||||||||
Misc Debtors | 372 | 45,661 | 62 | 62 | 1,418 | 79,056 | 40,971 | |||||||
Cash | 97,377 | 149,858 | 17,684 | 8,037 | 31,134 | 88,654 | 123,576 | 81,293 | 97,942 | 88,270 | 49,745 | 6,499 | ||
misc current assets | 45 | |||||||||||||
total current assets | 102,641 | 201,940 | 202,530 | 187,668 | 165,206 | 170,142 | 144,076 | 122,264 | 97,942 | 97,020 | 66,772 | 27,073 | 13,836 | 14,118 |
total assets | 119,004 | 210,342 | 205,232 | 190,370 | 167,908 | 171,846 | 145,780 | 122,268 | 97,944 | 97,022 | 66,774 | 27,075 | 13,838 | 14,120 |
Bank overdraft | 1,080 | 158 | ||||||||||||
Bank loan | ||||||||||||||
Trade Creditors | 2,275 | 789 | 1,778 | 11,105 | 381 | 1,347 | 186 | 28,845 | 37,882 | 38,465 | 12,076 | 799 | 1,081 | |
Group/Directors Accounts | 37,607 | 7,956 | 10,675 | 17,005 | 5,476 | 32,618 | 652 | 20,198 | ||||||
other short term finances | ||||||||||||||
hp & lease commitments | ||||||||||||||
other current liabilities | 98,566 | 193,630 | 42,564 | 33,562 | 18,569 | 15,994 | 22,127 | 8,518 | ||||||
total current liabilities | 139,528 | 202,375 | 53,239 | 52,345 | 35,150 | 49,151 | 24,126 | 28,902 | 28,845 | 37,882 | 38,465 | 12,076 | 799 | 1,081 |
loans | 10,400 | 12,000 | ||||||||||||
hp & lease commitments | ||||||||||||||
Accruals and Deferred Income | ||||||||||||||
other liabilities | 9,000 | 9,000 | 12,500 | 9,000 | 9,000 | |||||||||
provisions | 5,907 | |||||||||||||
total long term liabilities | 9,000 | 19,400 | 24,500 | 14,907 | 9,000 | |||||||||
total liabilities | 148,528 | 221,775 | 77,739 | 67,252 | 44,150 | 49,151 | 24,126 | 28,902 | 28,845 | 37,882 | 38,465 | 12,076 | 799 | 1,081 |
net assets | -29,524 | -11,433 | 127,493 | 123,118 | 123,758 | 122,695 | 121,654 | 93,366 | 69,099 | 59,140 | 28,309 | 14,999 | 13,039 | 13,039 |
total shareholders funds | -29,524 | -11,433 | 127,493 | 123,118 | 123,758 | 122,695 | 121,654 | 93,366 | 69,099 | 59,140 | 28,309 | 14,999 | 13,039 | 13,039 |
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 | ||||||||||||||
Depreciation | 484 | |||||||||||||
Amortisation | ||||||||||||||
Tax | ||||||||||||||
Stock | -199 | 3,041 | -58,522 | 48,390 | 10,822 | -2,000 | 2,000 | |||||||
Debtors | -38,658 | -130,060 | 63,692 | -2,831 | 41,762 | 60,988 | -20,471 | 40,971 | -8,750 | -8,277 | -1,547 | 4,738 | -282 | 14,118 |
Creditors | 1,486 | 789 | -1,778 | -9,327 | 10,724 | -966 | 1,161 | -28,659 | -9,037 | -583 | 26,389 | 11,277 | -282 | 1,081 |
Accruals and Deferred Income | -95,064 | 151,066 | 9,002 | 14,993 | 2,575 | -6,133 | 13,609 | 8,518 | ||||||
Deferred Taxes & Provisions | -5,907 | 5,907 | ||||||||||||
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 998 | 1,700 | 2 | |||||||||||
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | ||||||||||||||
Group/Directors Accounts | 29,651 | -2,719 | -6,330 | 11,529 | -27,142 | 31,966 | -19,546 | 20,198 | ||||||
Other Short Term Loans | ||||||||||||||
Long term loans | -10,400 | -1,600 | 12,000 | |||||||||||
Hire Purchase and Lease Commitments | ||||||||||||||
other long term liabilities | -3,500 | 3,500 | 9,000 | |||||||||||
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -52,481 | 132,174 | 9,647 | -23,097 | -57,520 | -34,922 | 42,283 | -16,649 | 9,672 | 38,525 | 43,246 | 6,499 | ||
overdraft | 1,080 | -158 | 158 | |||||||||||
change in cash | -53,561 | 132,174 | 9,647 | -23,097 | -57,362 | -35,080 | 42,283 | -16,649 | 9,672 | 38,525 | 43,246 | 6,499 |
men in suits limited Credit Report and Business Information
Men In Suits Limited Competitor Analysis

Perform a competitor analysis for men in suits limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in CM16 area or any other competitors across 12 key performance metrics.
men in suits limited Ownership
MEN IN SUITS LIMITED group structure
Men In Suits Limited has 1 subsidiary company.
Ultimate parent company
MEN IN SUITS LIMITED
02801100
1 subsidiary
men in suits limited directors
Men In Suits Limited currently has 2 directors. The longest serving directors include Mrs Kathryn Babb (Apr 1993) and Mr Colin Babb (Apr 1993).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mrs Kathryn Babb | 59 years | Apr 1993 | - | Director | |
Mr Colin Babb | 67 years | Apr 1993 | - | Director |
P&L
June 2023turnover
6.9k
-47%
operating profit
-23.6k
0%
gross margin
80.8%
-6.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-29.5k
+1.58%
total assets
119k
-0.43%
cash
97.4k
-0.35%
net assets
Total assets minus all liabilities
men in suits limited company details
company number
02801100
Type
Private limited with Share Capital
industry
70221 - Financial management
incorporation date
March 1993
age
32
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
homelet group limited (December 1997)
accountant
-
auditor
-
address
wintry park house, thornwood road, epping, essex, CM16 6SZ
Bank
-
Legal Advisor
-
men in suits 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 men in suits limited.
men in suits 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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men in suits limited Companies House Filings - See Documents
date | description | view/download |
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