Guardian Knitwear Limited

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guardian knitwear limited Company Information

Live

MatureSmallDeclining

Company Number

02810450

Website

www.guardianknitwear.co.uk

Registered Address

piccadilly business centre, blackett street, manchester, M12 6AE

Industry

Manufacture of other knitted and crocheted apparel

Telephone

Next Accounts Due

October 2024

Group Structure

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Directors

Muhammad Aslam3 Years

Shareholders

mr mohammed aslam 70%

mrs uzma aslam 30%

guardian knitwear limited Estimated Valuation

£577.4k

Pomanda estimates the enterprise value of GUARDIAN KNITWEAR LIMITED at £577.4k based on a Turnover of £1.4m and 0.42x industry multiple (adjusted for size and gross margin).

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Guardian Knitwear Limited is a live company located in manchester, M12 6AE with a Companies House number of 02810450. It operates in the manufacture of other knitted and crocheted apparel sector, SIC Code 14390. Founded in April 1993, it's largest shareholder is mr mohammed aslam with a 70% stake. Guardian Knitwear Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Guardian Knitwear 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 Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£19.2m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (9%)

EXPORT

Guardian Knitwear Limited's latest turnover from January 2023 is estimated at £1.4 million and the company has net assets of £19.7 thousand. According to their latest financial statements, Guardian Knitwear Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,379,241	1,670,972	2,231,817	2,023,949	1,722,916	1,763,555	1,255,725	1,187,832	1,687,176	587,569	1,105,373	1,199,437	759,784	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,115,812	1,302,310	1,921,584	1,644,086	1,444,470	1,407,869	975,686	870,740	1,321,918	446,369	960,499	986,205	560,005	0
Gross Profit	263,429	368,661	310,233	379,863	278,446	355,686	280,039	317,092	365,259	141,200	144,874	213,232	199,779	0
Admin Expenses	266,842	370,239	310,811	377,968	282,893	320,923	367,160	327,803	372,708	133,883	137,246	193,609	189,814	-200,188
Operating Profit	-3,413	-1,578	-578	1,895	-4,447	34,763	-87,121	-10,711	-7,449	7,317	7,628	19,623	9,965	200,188
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	20	47	43	41	39	51	59	27
Pre-Tax Profit	-3,413	-1,578	-578	1,895	-4,447	34,763	-87,101	-10,664	-7,406	7,358	7,667	19,674	10,024	200,215
Tax	0	0	0	-360	0	-6,605	0	0	0	-1,692	-1,840	-5,115	-2,807	-56,060
Profit After Tax	-3,413	-1,578	-578	1,535	-4,447	28,158	-87,101	-10,664	-7,406	5,666	5,827	14,559	7,217	144,155
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,413	-1,578	-578	1,535	-4,447	28,158	-87,101	-10,664	-7,406	5,666	5,827	14,559	7,217	144,155
Employee Costs	61,678	56,710	166,060	161,933	109,408	105,382	169,169	163,698	208,677	85,444	122,288	165,529	104,047	0
Number Of Employees	2	2	6	6	4	4	5	5	7	3	5	8	5	0
EBITDA*	-3,413	-1,578	-578	1,895	-4,447	34,763	-79,394	-2,127	2,090	17,915	19,475	32,802	24,631	216,511

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	362,041	369,768	378,352	387,891	398,703	410,550	423,729	438,395
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	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	362,041	369,768	378,352	387,891	398,703	410,550	423,729	438,395
Stock & work in progress	0	0	0	0	0	0	87,793	97,521	108,647	129,349	122,567	98,536	116,764	118,372
Trade Debtors	265,183	265,212	267,326	267,363	265,288	311,892	83,152	159,828	208,998	216,867	269,609	265,082	154,255	185,011
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	5,937	9,806	8,843	8,320	8,088	7,695	12,672	10,918
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	265,183	265,212	267,326	267,363	265,288	311,892	176,882	267,155	326,488	354,536	400,264	371,313	283,691	314,301
total assets	265,183	265,212	267,326	267,363	265,288	311,892	538,923	636,923	704,840	742,427	798,967	781,863	707,420	752,696
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	244,516	236,006	237,082	237,081	237,081	278,094	386,406	377,696	415,996	427,861	472,374	444,004	367,606	404,245
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	244,516	236,006	237,082	237,081	237,081	278,094	386,406	377,696	415,996	427,861	472,374	444,004	367,606	404,245
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	990	6,116	5,576	5,036	4,496	5,640	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	30,264	49,873	68,826	87,142	104,835	121,928	138,442	154,296
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	990	6,116	5,576	5,036	4,496	5,640	30,264	49,873	68,826	87,142	104,835	121,928	138,442	154,296
total liabilities	245,506	242,122	242,658	242,117	241,577	283,734	416,670	427,569	484,822	515,003	577,209	565,932	506,048	558,541
net assets	19,677	23,090	24,668	25,246	23,711	28,158	122,253	209,354	220,018	227,424	221,758	215,931	201,372	194,155
total shareholders funds	19,677	23,090	24,668	25,246	23,711	28,158	122,253	209,354	220,018	227,424	221,758	215,931	201,372	194,155

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-3,413	-1,578	-578	1,895	-4,447	34,763	-87,121	-10,711	-7,449	7,317	7,628	19,623	9,965	200,188
Depreciation	0	0	0	0	0	0	7,727	8,584	9,539	10,598	11,847	13,179	14,666	16,323
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-360	0	-6,605	0	0	0	-1,692	-1,840	-5,115	-2,807	-56,060
Stock	0	0	0	0	0	0	-9,728	-11,126	-20,702	6,782	24,031	-18,228	-1,608	118,372
Debtors	-29	-2,114	-37	2,075	-46,604	311,892	-76,676	-49,170	-7,869	-52,742	4,527	110,827	-30,756	185,011
Creditors	8,510	-1,076	1	0	-41,013	278,094	8,710	-38,300	-11,865	-44,513	28,370	76,398	-36,639	404,245
Accruals and Deferred Income	-5,126	540	540	540	-1,144	5,640	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	0	15,720	19,869	18,796	17,670	17,447	11,486	17,549	261,313
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	214	0	0	0	-454,718
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	214	0	0	0	-454,718
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	-19,609	-18,953	-18,316	-17,693	-17,093	-16,514	-15,854	154,296
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	50,000
interest	0	0	0	0	0	0	20	47	43	41	39	51	59	27
cash flow from financing	0	0	0	0	0	0	-19,589	-18,906	-18,273	-17,652	-17,054	-16,463	-15,795	204,323
cash and cash equivalents
cash	0	0	0	0	0	0	-3,869	963	523	232	393	-4,977	1,754	10,918
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-3,869	963	523	232	393	-4,977	1,754	10,918

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GUARDIAN KNITWEAR LIMITED group structure

Guardian Knitwear Limited has no subsidiary companies.

Ultimate parent company

GUARDIAN KNITWEAR LIMITED

02810450

GUARDIAN KNITWEAR LIMITED Shareholders

mr mohammed aslam	70%
mrs uzma aslam	30%

Guardian Knitwear Limited currently has 2 directors. The longest serving directors include Mr Muhammad Aslam (Apr 2021) and Mr Muhammad Aslam (Apr 2021).

officer	country	age	start	end	role
Mr Muhammad Aslam	England	27 years	Apr 2021	-	Director
Mr Muhammad Aslam	England	23 years	Apr 2021	-	Director

P&L

January 2023

turnover

1.4m

-17%

operating profit

-3.4k

gross margin

19.1%

-13.43%

turnover

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

Balance Sheet

January 2023

net assets

19.7k

-0.15%

total assets

265.2k

cash

net assets

Total assets minus all liabilities

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company number

02810450

Type

Private limited with Share Capital

industry

14390 - Manufacture of other knitted and crocheted apparel

incorporation date

April 1993

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

piccadilly business centre, blackett street, manchester, M12 6AE

last accounts submitted

January 2023

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 2 charges/mortgages relating to guardian knitwear limited. Currently there are 2 open charges and 0 have been satisfied in the past.

guardian knitwear limited Company Information

guardian knitwear limited Estimated Valuation

guardian knitwear limited Estimated Valuation

guardian knitwear limited Estimated Valuation

Guardian Knitwear Limited Overview

Guardian Knitwear Limited Health Check

GUARDIAN KNITWEAR LIMITED financials

guardian knitwear limited Credit Report and Business Information

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guardian knitwear limited Ownership

guardian knitwear limited directors

guardian knitwear limited company details

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