Heer Leather Limited

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heer leather limited Company Information

Live

MatureMicroDeclining

Company Number

02817131

Website

Registered Address

245 bethnal green road, london, E2 6AB

Industry

Retail sale of clothing in specialised stores

Retail sale of footwear in specialised stores

Telephone

01293542222

Next Accounts Due

February 2025

Group Structure

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Directors

Bahader Singh31 Years

Shareholders

bahader singh 100%

heer leather limited Estimated Valuation

£65.2k

Pomanda estimates the enterprise value of HEER LEATHER LIMITED at £65.2k based on a Turnover of £184.1k and 0.35x industry multiple (adjusted for size and gross margin).

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Heer Leather Limited is a live company located in london, E2 6AB with a Companies House number of 02817131. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in May 1993, it's largest shareholder is bahader singh with a 100% stake. Heer Leather Limited is a mature, micro sized company, Pomanda has estimated its turnover at £184.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Heer Leather Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £184.1k, make it smaller than the average company (£10.2m)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (3.8%)

EXPORT

Heer Leather Limited's latest turnover from May 2023 is estimated at £184.1 thousand and the company has net assets of £12.8 thousand. According to their latest financial statements, Heer Leather Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	184,062	260,034	363,451	513,790	508,998	235,374	206,765	161,573	103,677	104,034	101,614	173,270	146,697	88,491
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	129,340	176,576	252,370	355,383	324,103	158,585	145,246	111,667	68,241	71,738	68,425	115,220	95,505	57,830
Gross Profit	54,722	83,458	111,080	158,407	184,894	76,789	61,519	49,906	35,437	32,296	33,189	58,049	51,193	30,661
Admin Expenses	74,358	105,247	91,354	141,343	173,031	74,476	66,253	61,578	41,069	38,024	40,818	40,546	41,598	-6,041
Operating Profit	-19,636	-21,789	19,726	17,064	11,863	2,313	-4,734	-11,672	-5,632	-5,728	-7,629	17,503	9,595	36,702
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	119	129	55	123	153	185	325	375	199	54
Pre-Tax Profit	-19,636	-21,789	19,726	17,064	11,981	2,442	-4,679	-11,549	-5,479	-5,543	-7,304	17,878	9,793	36,756
Tax	0	0	-3,748	-3,242	-2,276	-464	0	0	0	0	0	-4,291	-2,546	-10,292
Profit After Tax	-19,636	-21,789	15,978	13,822	9,705	1,978	-4,679	-11,549	-5,479	-5,543	-7,304	13,587	7,247	26,464
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-19,636	-21,789	15,978	13,822	9,705	1,978	-4,679	-11,549	-5,479	-5,543	-7,304	13,587	7,247	26,464
Employee Costs	24,469	68,960	88,972	106,957	103,372	107,082	100,807	99,433	19,681	18,944	17,783	35,863	18,121	17,227
Number Of Employees	1	3	4	5	5	5	5	5	1	1	1	2	1	1
EBITDA*	-19,636	-21,789	19,726	17,064	11,863	2,788	-4,155	-10,966	-4,770	-4,759	-6,282	19,185	10,948	38,394

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	235	9,960	1,196	1,457	1,776	2,165	2,640	3,219	3,925	4,416	5,385	6,732	5,414	6,767
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	235	9,960	1,196	1,457	1,776	2,165	2,640	3,219	3,925	4,416	5,385	6,732	5,414	6,767
Stock & work in progress	0	0	0	0	0	59,830	55,780	57,865	58,250	53,850	52,670	55,750	55,260	47,850
Trade Debtors	37,709	59,698	122,235	103,654	98,684	0	0	1,000	0	0	0	0	0	0
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	31,723	19,709	24,176	25,185	35,947	38,165	91,910	57,978	21,459
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	37,709	59,698	122,235	103,654	98,684	91,553	75,489	83,041	83,435	89,797	90,835	147,660	113,238	69,309
total assets	37,944	69,658	123,431	105,111	100,460	93,718	78,129	86,260	87,360	94,213	96,220	154,392	118,652	76,076
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	21,209	34,320	52,679	63,962	74,503	51,013	33,975	38,509	58,288	59,662	56,126	106,994	84,841	49,512
Group/Directors Accounts	0	0	0	0	0	21,858	22,658	22,658	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	6,025	8,652	7,570	0	0	0	0	0	0
total current liabilities	21,209	34,320	52,679	63,962	74,503	78,896	65,285	68,737	58,288	59,662	56,126	106,994	84,841	49,512
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	3,933	2,900	16,525	2,900	1,530	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	3,933	2,900	16,525	2,900	1,530	0	0	0	0	0	0	0	0	0
total liabilities	25,142	37,220	69,204	66,862	76,033	78,896	65,285	68,737	58,288	59,662	56,126	106,994	84,841	49,512
net assets	12,802	32,438	54,227	38,249	24,427	14,822	12,844	17,523	29,072	34,551	40,094	47,398	33,811	26,564
total shareholders funds	12,802	32,438	54,227	38,249	24,427	14,822	12,844	17,523	29,072	34,551	40,094	47,398	33,811	26,564

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-19,636	-21,789	19,726	17,064	11,863	2,313	-4,734	-11,672	-5,632	-5,728	-7,629	17,503	9,595	36,702
Depreciation	0	0	0	0	0	475	579	706	862	969	1,347	1,682	1,353	1,692
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-3,748	-3,242	-2,276	-464	0	0	0	0	0	-4,291	-2,546	-10,292
Stock	0	0	0	0	-59,830	4,050	-2,085	-385	4,400	1,180	-3,080	490	7,410	47,850
Debtors	-21,989	-62,537	18,581	4,970	98,684	0	-1,000	1,000	0	0	0	0	0	0
Creditors	-13,111	-18,359	-11,283	-10,541	23,490	17,038	-4,534	-19,779	-1,374	3,536	-50,868	22,153	35,329	49,512
Accruals and Deferred Income	1,033	-13,625	13,625	1,370	-4,495	-2,627	1,082	7,570	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	-9,725	8,764	-261	-319	-10,272	12,685	-4,522	-23,790	-10,544	-2,403	-54,070	36,557	36,321	29,764
Investing Activities
capital expenditure	9,725	-8,764	261	319	389	0	0	0	-371	0	0	-3,000	0	-8,459
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	9,725	-8,764	261	319	389	0	0	0	-371	0	0	-3,000	0	-8,459
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	-21,858	-800	0	22,658	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	-100	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	119	129	55	123	153	185	325	375	199	54
cash flow from financing	0	0	0	0	-21,839	-671	55	22,781	153	185	325	375	199	154
cash and cash equivalents
cash	0	0	0	0	-31,723	12,014	-4,467	-1,009	-10,762	-2,218	-53,745	33,932	36,519	21,459
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-31,723	12,014	-4,467	-1,009	-10,762	-2,218	-53,745	33,932	36,519	21,459

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for heer leather limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in E 2 area or any other competitors across 12 key performance metrics.

HEER LEATHER LIMITED group structure

Heer Leather Limited has no subsidiary companies.

Ultimate parent company

HEER LEATHER LIMITED

02817131

HEER LEATHER LIMITED Shareholders

bahader singh

100%

Heer Leather Limited currently has 1 director, Mr Bahader Singh serving since May 1993.

officer	country	age	start	end	role
Mr Bahader Singh		70 years	May 1993	-	Director

P&L

May 2023

turnover

184.1k

-29%

operating profit

-19.6k

gross margin

29.8%

-7.37%

turnover

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

Balance Sheet

May 2023

net assets

12.8k

-0.61%

total assets

37.9k

-0.46%

cash

net assets

Total assets minus all liabilities

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company number

02817131

Type

Private limited with Share Capital

industry

47710 - Retail sale of clothing in specialised stores

47721 - Retail sale of footwear in specialised stores

incorporation date

May 1993

ultimate parent company

None

previous names

N/A

address

245 bethnal green road, london, E2 6AB

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 heer leather limited.

heer leather limited Company Information

heer leather limited Estimated Valuation

heer leather limited Estimated Valuation

heer leather limited Estimated Valuation

Heer Leather Limited Overview

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HEER LEATHER LIMITED financials

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