men in suits limited

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men in suits limited Company Information

Share MEN IN SUITS LIMITED

Company Number

02801100

Shareholders

colin babb

mrs kathryn babb

Group Structure

View All

Industry

Financial management

 

Registered Address

wintry park house, thornwood road, epping, essex, CM16 6SZ

men in suits limited Estimated Valuation

£4.8k

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

£0

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

£0

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

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

4 Regular

positive_score

7 Weak

size

Size

annual sales of £6.9k, make it smaller than the average company (£746k)

£6.9k - Men In Suits Limited

£746k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -56%, show it is growing at a slower rate (8.7%)

-56% - Men In Suits Limited

8.7% - Industry AVG

production

Production

with a gross margin of 80.8%, this company has a comparable cost of product (80.8%)

80.8% - Men In Suits Limited

80.8% - Industry AVG

profitability

Profitability

an operating margin of -344.3% make it less profitable than the average company (8.7%)

-344.3% - Men In Suits Limited

8.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (5)

1 - Men In Suits Limited

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)

£56.4k - Men In Suits Limited

£56.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £6.9k, this is less efficient (£142.8k)

£6.9k - Men In Suits Limited

£142.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 72 days, this is near the average (66 days)

72 days - Men In Suits Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 629 days, this is slower than average (45 days)

629 days - Men In Suits Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 977 days, this is more than average (34 days)

977 days - Men In Suits Limited

34 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover6,86712,84610,55479,05295,918100,93798,69914559,26880,810131,301126,35581,02790,486
Other Income Or Grants
Cost Of Sales1,3191,7581,75622,96223,29916,22818,0771816,51926,39340,32731,22722,52526,898
Gross Profit5,54711,0878,79856,08972,61984,70980,62212742,74954,41790,97495,12858,50263,588
Admin Expenses29,187150,2483,04456,74971,75183,94945,955-29,75930,76615,73573,82992,56558,50245,617
Operating Profit-23,640-139,1615,754-66086876034,66729,88611,98338,68217,1452,56317,971
Interest Payable63181236655
Interest Receivable6,1811,047132044953125644846634514116
Pre-Tax Profit-18,091-138,9265,401-6401,3121,28534,92330,33412,44939,02717,2862,57917,971
Tax-1,026-249-244-6,635-6,067-2,490-8,196-3,976-619-5,032
Profit After Tax-18,091-138,9264,375-6401,0631,04128,28824,2679,95930,83113,3101,96012,939
Dividends Paid
Retained Profit-18,091-138,9264,375-6401,0631,04128,28824,2679,95930,83113,3101,96012,939
Employee Costs56,39748,37941,10490,77399,719110,07651,95750,60351,32654,87148,488101,98142,79935,891
Number Of Employees11122211111211
EBITDA*-23,640-139,1615,754-66086876034,66729,88611,98338,68217,1452,56318,455

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets22222222222222
Intangible Assets
Investments & Other2,7002,7002,7002,7002,7001,7021,7022
Debtors (Due After 1 year)13,6615,700
Total Fixed Assets16,3638,4022,7022,7022,7021,7041,7044222222
Stock & work in progress3,5323,73169059,21210,8222,000
Trade Debtors1,3602,6902,5491,9673,8072,43220,5008,75017,02718,57413,83614,118
Group Debtors181,500118,390118,025
Misc Debtors37245,66162621,41879,05640,971
Cash97,377149,85817,6848,03731,13488,654123,57681,29397,94288,27049,7456,499
misc current assets45
total current assets102,641201,940202,530187,668165,206170,142144,076122,26497,94297,02066,77227,07313,83614,118
total assets119,004210,342205,232190,370167,908171,846145,780122,26897,94497,02266,77427,07513,83814,120
Bank overdraft1,080158
Bank loan
Trade Creditors 2,2757891,77811,1053811,34718628,84537,88238,46512,0767991,081
Group/Directors Accounts37,6077,95610,67517,0055,47632,61865220,198
other short term finances
hp & lease commitments
other current liabilities98,566193,63042,56433,56218,56915,99422,1278,518
total current liabilities139,528202,37553,23952,34535,15049,15124,12628,90228,84537,88238,46512,0767991,081
loans10,40012,000
hp & lease commitments
Accruals and Deferred Income
other liabilities9,0009,00012,5009,0009,000
provisions5,907
total long term liabilities9,00019,40024,50014,9079,000
total liabilities148,528221,77577,73967,25244,15049,15124,12628,90228,84537,88238,46512,0767991,081
net assets-29,524-11,433127,493123,118123,758122,695121,65493,36669,09959,14028,30914,99913,03913,039
total shareholders funds-29,524-11,433127,493123,118123,758122,695121,65493,36669,09959,14028,30914,99913,03913,039
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-23,640-139,1615,754-66086876034,66729,88611,98338,68217,1452,56317,971
Depreciation484
Amortisation
Tax-1,026-249-244-6,635-6,067-2,490-8,196-3,976-619-5,032
Stock-1993,041-58,52248,39010,822-2,0002,000
Debtors-38,658-130,06063,692-2,83141,76260,988-20,47140,971-8,750-8,277-1,5474,738-28214,118
Creditors1,486789-1,778-9,32710,724-9661,161-28,659-9,037-58326,38911,277-2821,081
Accruals and Deferred Income-95,064151,0669,00214,9932,575-6,13313,6098,518
Deferred Taxes & Provisions-5,9075,907
Cash flow from operations-78,361139,713875-34,646-38,666-67,57163,273-37,2939,20638,18043,1056,483386
Investing Activities
capital expenditure-486
Change in Investments9981,7002
cash flow from investments-998-1,700-2-486
Financing Activities
Bank loans
Group/Directors Accounts29,651-2,719-6,33011,529-27,14231,966-19,54620,198
Other Short Term Loans
Long term loans-10,400-1,60012,000
Hire Purchase and Lease Commitments
other long term liabilities-3,5003,5009,000
share issue100
interest5,550235-3532044452625644846634514116
cash flow from financing24,801-7,5848,81711,549-17,69832,492-19,29020,64646634514116100
cash and cash equivalents
cash-52,481132,1749,647-23,097-57,520-34,92242,283-16,6499,67238,52543,2466,499
overdraft1,080-158158
change in cash-53,561132,1749,647-23,097-57,362-35,08042,283-16,6499,67238,52543,2466,499

men in suits 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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Men In Suits Limited Competitor Analysis

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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 Shareholders

colin babb 51%
mrs kathryn babb 49%

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).

officercountryagestartendrole
Mrs Kathryn Babb59 years Apr 1993- Director
Mr Colin Babb67 years Apr 1993- Director

P&L

June 2023

turnover

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 2023

net 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

None

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

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