charles tyrwhitt shirts limited
charles tyrwhitt shirts limited Company Information
Company Number
02914928
Next Accounts
Apr 2025
Shareholders
bectin limited
p & h higgins limited
Group Structure
View All
Industry
Retail sale of clothing in specialised stores
Registered Address
ground floor, cottons centre, cottons lane, london, SE1 2QG
Website
http://ctshirts.comcharles tyrwhitt shirts limited Estimated Valuation
Pomanda estimates the enterprise value of CHARLES TYRWHITT SHIRTS LIMITED at £272m based on a Turnover of £269.2m and 1.01x industry multiple (adjusted for size and gross margin).
charles tyrwhitt shirts limited Estimated Valuation
Pomanda estimates the enterprise value of CHARLES TYRWHITT SHIRTS LIMITED at £265.4m based on an EBITDA of £25.7m and a 10.35x industry multiple (adjusted for size and gross margin).
charles tyrwhitt shirts limited Estimated Valuation
Pomanda estimates the enterprise value of CHARLES TYRWHITT SHIRTS LIMITED at £116.6m based on Net Assets of £50m and 2.33x industry multiple (adjusted for liquidity).
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Charles Tyrwhitt Shirts Limited Overview
Charles Tyrwhitt Shirts Limited is a live company located in london, SE1 2QG with a Companies House number of 02914928. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in March 1994, it's largest shareholder is bectin limited with a 95% stake. Charles Tyrwhitt Shirts Limited is a mature, mega sized company, Pomanda has estimated its turnover at £269.2m with high growth in recent years.
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Charles Tyrwhitt Shirts Limited Health Check
Pomanda's financial health check has awarded Charles Tyrwhitt Shirts Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
2 Regular
1 Weak
Size
annual sales of £269.2m, make it larger than the average company (£8.9m)
£269.2m - Charles Tyrwhitt Shirts Limited
£8.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.5%)
24% - Charles Tyrwhitt Shirts Limited
5.5% - Industry AVG
Production
with a gross margin of 66.6%, this company has a lower cost of product (49.9%)
66.6% - Charles Tyrwhitt Shirts Limited
49.9% - Industry AVG
Profitability
an operating margin of 6.9% make it more profitable than the average company (4.9%)
6.9% - Charles Tyrwhitt Shirts Limited
4.9% - Industry AVG
Employees
with 795 employees, this is above the industry average (56)
795 - Charles Tyrwhitt Shirts Limited
56 - Industry AVG
Pay Structure
on an average salary of £39.5k, the company has a higher pay structure (£26.1k)
£39.5k - Charles Tyrwhitt Shirts Limited
£26.1k - Industry AVG
Efficiency
resulting in sales per employee of £338.6k, this is more efficient (£159.3k)
£338.6k - Charles Tyrwhitt Shirts Limited
£159.3k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (13 days)
4 days - Charles Tyrwhitt Shirts Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (38 days)
62 days - Charles Tyrwhitt Shirts Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 152 days, this is in line with average (135 days)
152 days - Charles Tyrwhitt Shirts Limited
135 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (13 weeks)
17 weeks - Charles Tyrwhitt Shirts Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.9%, this is a similar level of debt than the average (72.4%)
65.9% - Charles Tyrwhitt Shirts Limited
72.4% - Industry AVG
CHARLES TYRWHITT SHIRTS LIMITED financials
Charles Tyrwhitt Shirts Limited's latest turnover from July 2023 is £269.2 million and the company has net assets of £50 million. According to their latest financial statements, Charles Tyrwhitt Shirts Limited has 795 employees and maintains cash reserves of £27.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Aug 2020 | Aug 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 269,221,000 | 185,177,000 | 107,754,000 | 139,926,000 | 189,422,000 | 197,731,000 | 197,668,000 | 176,233,000 | 282,000 | ||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 90,009,000 | 69,241,000 | 44,615,000 | 57,084,000 | 76,682,000 | 80,786,000 | 88,598,000 | 73,179,000 | |||||||
| Gross Profit | 179,212,000 | 115,936,000 | 63,139,000 | 82,842,000 | 112,740,000 | 116,945,000 | 109,070,000 | 103,054,000 | |||||||
| Admin Expenses | 160,641,000 | 72,880,000 | 74,121,000 | 95,749,000 | 195,918,000 | 117,236,000 | 115,005,000 | 98,435,000 | -275,000 | ||||||
| Operating Profit | 18,571,000 | 43,056,000 | -10,982,000 | -12,907,000 | -83,178,000 | -291,000 | -5,935,000 | 4,619,000 | 275,000 | -6,000 | -2,000 | -9,000 | |||
| Interest Payable | 266,000 | 284,000 | 721,000 | 243,000 | 255,000 | 178,000 | 316,000 | 235,000 | 138,000 | 175,000 | 230,000 | 281,000 | 283,000 | ||
| Interest Receivable | 462,000 | 67,000 | 74,000 | 178,000 | 263,000 | 12,000 | 8,000 | 23,000 | 17,000 | ||||||
| Pre-Tax Profit | 18,767,000 | 42,839,000 | -11,629,000 | -12,972,000 | -83,170,000 | -457,000 | -6,243,000 | 4,407,000 | 275,000 | 276,000 | 142,000 | 98,000 | 52,000 | 1,000 | 16,000 |
| Tax | -3,620,000 | -10,973,000 | 1,910,000 | 827,000 | 7,275,000 | -926,000 | 1,062,000 | 1,000 | -72,000 | 14,000 | -128,000 | -14,000 | -45,000 | -48,000 | 24,000 |
| Profit After Tax | 15,147,000 | 31,866,000 | -9,719,000 | -12,145,000 | -75,895,000 | -1,383,000 | -5,181,000 | 4,408,000 | 203,000 | 290,000 | 14,000 | 84,000 | 7,000 | -47,000 | 40,000 |
| Dividends Paid | 21,224,000 | 2,800,000 | |||||||||||||
| Retained Profit | -6,077,000 | 31,866,000 | -9,719,000 | -14,945,000 | -75,895,000 | -1,383,000 | -5,181,000 | 4,408,000 | 203,000 | 290,000 | 14,000 | 84,000 | 7,000 | -47,000 | 40,000 |
| Employee Costs | 31,375,000 | 26,816,000 | 19,227,000 | 23,944,000 | 28,162,000 | 28,523,000 | 23,833,000 | 23,221,000 | |||||||
| Number Of Employees | 795 | 615 | 599 | 850 | 189 | 188 | 186 | 186 | |||||||
| EBITDA* | 25,653,000 | 47,691,000 | -5,992,000 | -7,957,000 | -73,226,000 | 9,645,000 | 3,935,000 | 6,366,000 | 275,000 | -6,000 | -2,000 | -9,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Aug 2020 | Aug 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,858,000 | 4,144,000 | 2,465,000 | 4,199,000 | 6,071,000 | 8,571,000 | 9,355,000 | 9,907,000 | |||||||
| Intangible Assets | 55,404,000 | 59,827,000 | 31,785,000 | 33,397,000 | 34,979,000 | 121,175,000 | 128,726,000 | 140,955,000 | |||||||
| Investments & Other | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 61,262,000 | 63,971,000 | 34,250,000 | 37,596,000 | 41,050,000 | 129,746,000 | 138,081,000 | 150,862,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 | 8,033,000 |
| Stock & work in progress | 37,493,000 | 27,714,000 | 18,619,000 | 26,267,000 | 27,486,000 | 29,053,000 | 26,927,000 | 27,452,000 | |||||||
| Trade Debtors | 3,224,000 | 2,426,000 | 1,699,000 | 778,000 | 2,128,000 | 2,456,000 | 2,574,000 | 2,682,000 | |||||||
| Group Debtors | 11,191,000 | 20,144,000 | 19,595,000 | 19,910,000 | 39,791,000 | 36,658,000 | 30,558,000 | 34,534,000 | 1,345,000 | 1,344,000 | 1,344,000 | 1,344,000 | 1,344,000 | 1,344,000 | 1,344,000 |
| Misc Debtors | 4,980,000 | 4,230,000 | 2,086,000 | 4,398,000 | 5,351,000 | 4,377,000 | 4,627,000 | 3,831,000 | 46,000 | 46,000 | 46,000 | 46,000 | 46,000 | 46,000 | |
| Cash | 27,792,000 | 18,463,000 | 19,403,000 | 19,024,000 | 12,545,000 | 9,847,000 | 5,967,000 | 5,573,000 | |||||||
| misc current assets | 648,000 | 439,000 | 504,000 | 319,000 | 100,000 | ||||||||||
| total current assets | 85,328,000 | 73,416,000 | 61,906,000 | 70,377,000 | 87,620,000 | 82,491,000 | 70,653,000 | 74,072,000 | 1,345,000 | 1,390,000 | 1,390,000 | 1,390,000 | 1,390,000 | 1,390,000 | 1,390,000 |
| total assets | 146,590,000 | 137,387,000 | 96,156,000 | 107,973,000 | 128,670,000 | 212,237,000 | 208,734,000 | 224,934,000 | 9,378,000 | 9,423,000 | 9,423,000 | 9,423,000 | 9,423,000 | 9,423,000 | 9,423,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 1,647,000 | 784,000 | 584,000 | 384,000 | |||||||||||
| Trade Creditors | 15,444,000 | 14,313,000 | 7,718,000 | 13,713,000 | 14,140,000 | 13,584,000 | 10,477,000 | 16,241,000 | |||||||
| Group/Directors Accounts | 1,048,000 | 1,620,000 | 2,209,000 | 2,419,000 | 15,861,000 | 16,678,000 | 17,006,000 | 19,311,000 | 7,471,000 | 7,729,000 | 8,000,000 | 6,433,000 | 5,871,000 | 5,463,000 | 4,865,000 |
| other short term finances | 6,000,000 | 2,302,000 | 3,125,000 | 3,800,000 | 4,270,000 | ||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 68,105,000 | 51,561,000 | 28,078,000 | 25,933,000 | 24,045,000 | 24,531,000 | 21,277,000 | 20,941,000 | 76,000 | 67,000 | 86,000 | 20,000 | 44,000 | 25,000 | 192,000 |
| total current liabilities | 84,597,000 | 67,494,000 | 44,005,000 | 44,367,000 | 54,046,000 | 57,918,000 | 52,560,000 | 60,763,000 | 7,547,000 | 7,796,000 | 8,086,000 | 8,100,000 | 6,699,000 | 6,072,000 | 5,441,000 |
| loans | 15,000,000 | 21,182,000 | 10,096,000 | 12,006,000 | 12,500,000 | 15,000,000 | 1,485,000 | 2,119,000 | 2,703,000 | ||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,384,000 | 471,000 | |||||||||||||
| provisions | 11,992,000 | 13,969,000 | 11,656,000 | 9,371,000 | 11,653,000 | 13,645,000 | 14,694,000 | 15,464,000 | |||||||
| total long term liabilities | 11,992,000 | 13,969,000 | 28,040,000 | 30,553,000 | 21,749,000 | 25,651,000 | 27,665,000 | 30,464,000 | 1,485,000 | 2,119,000 | 2,703,000 | ||||
| total liabilities | 96,589,000 | 81,463,000 | 72,045,000 | 74,920,000 | 75,795,000 | 83,569,000 | 80,225,000 | 91,227,000 | 7,547,000 | 7,796,000 | 8,086,000 | 8,100,000 | 8,184,000 | 8,191,000 | 8,144,000 |
| net assets | 50,001,000 | 55,924,000 | 24,111,000 | 33,053,000 | 52,875,000 | 128,668,000 | 128,509,000 | 133,707,000 | 1,831,000 | 1,627,000 | 1,337,000 | 1,323,000 | 1,239,000 | 1,232,000 | 1,279,000 |
| total shareholders funds | 50,001,000 | 55,924,000 | 24,111,000 | 33,053,000 | 52,875,000 | 128,668,000 | 128,509,000 | 133,707,000 | 1,831,000 | 1,627,000 | 1,337,000 | 1,323,000 | 1,239,000 | 1,232,000 | 1,279,000 |
| Jul 2023 | Jul 2022 | Jul 2021 | Aug 2020 | Aug 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 18,571,000 | 43,056,000 | -10,982,000 | -12,907,000 | -83,178,000 | -291,000 | -5,935,000 | 4,619,000 | 275,000 | -6,000 | -2,000 | -9,000 | |||
| Depreciation | 1,666,000 | 1,658,000 | 2,084,000 | 2,042,000 | 2,327,000 | 1,925,000 | 1,918,000 | 1,747,000 | |||||||
| Amortisation | 5,416,000 | 2,977,000 | 2,906,000 | 2,908,000 | 7,625,000 | 8,011,000 | 7,952,000 | ||||||||
| Tax | -3,620,000 | -10,973,000 | 1,910,000 | 827,000 | 7,275,000 | -926,000 | 1,062,000 | 1,000 | -72,000 | 14,000 | -128,000 | -14,000 | -45,000 | -48,000 | 24,000 |
| Stock | 9,779,000 | 9,095,000 | -7,648,000 | -1,219,000 | -1,567,000 | 2,126,000 | -525,000 | 27,452,000 | |||||||
| Debtors | -7,405,000 | 3,420,000 | -1,706,000 | -22,184,000 | 3,779,000 | 5,732,000 | -3,288,000 | 39,702,000 | -45,000 | 1,390,000 | |||||
| Creditors | 1,131,000 | 6,595,000 | -5,995,000 | -427,000 | 556,000 | 3,107,000 | -5,764,000 | 16,241,000 | |||||||
| Accruals and Deferred Income | 16,544,000 | 23,483,000 | 2,145,000 | 1,888,000 | -486,000 | 3,254,000 | 336,000 | 20,865,000 | 9,000 | -19,000 | 66,000 | -24,000 | 19,000 | -167,000 | 192,000 |
| Deferred Taxes & Provisions | -1,977,000 | 2,313,000 | 2,285,000 | -2,282,000 | -1,992,000 | -1,049,000 | -770,000 | 15,464,000 | |||||||
| Cash flow from operations | 35,357,000 | 56,594,000 | 3,707,000 | 15,452,000 | -70,085,000 | 6,173,000 | 2,612,000 | -8,217,000 | 257,000 | -11,000 | -64,000 | -47,000 | -26,000 | -215,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -8,033,000 | 8,033,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -1,647,000 | 863,000 | 200,000 | 200,000 | 384,000 | ||||||||||
| Group/Directors Accounts | -572,000 | -589,000 | -210,000 | -13,442,000 | -817,000 | -328,000 | -2,305,000 | 11,840,000 | -258,000 | -271,000 | 1,567,000 | 562,000 | 408,000 | 598,000 | 4,865,000 |
| Other Short Term Loans | -6,000,000 | 3,698,000 | 2,302,000 | -3,125,000 | -675,000 | -470,000 | 4,270,000 | ||||||||
| Long term loans | -15,000,000 | -6,182,000 | 11,086,000 | -1,910,000 | -494,000 | -2,500,000 | 15,000,000 | -1,485,000 | -634,000 | -584,000 | 2,703,000 | ||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -1,384,000 | 1,384,000 | -471,000 | 471,000 | |||||||||||
| share issue | |||||||||||||||
| interest | 196,000 | -217,000 | -647,000 | -65,000 | 8,000 | -166,000 | -308,000 | -212,000 | -138,000 | -175,000 | -230,000 | -281,000 | -266,000 | ||
| cash flow from financing | -222,000 | -23,243,000 | -1,180,000 | -4,996,000 | -5,742,000 | -592,000 | -5,129,000 | 158,366,000 | -257,000 | -271,000 | -218,000 | -235,000 | -256,000 | -67,000 | 8,925,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 9,329,000 | -940,000 | 379,000 | 6,479,000 | 2,698,000 | 3,880,000 | 394,000 | 5,573,000 | |||||||
| overdraft | |||||||||||||||
| change in cash | 9,329,000 | -940,000 | 379,000 | 6,479,000 | 2,698,000 | 3,880,000 | 394,000 | 5,573,000 |
charles tyrwhitt shirts limited Credit Report and Business Information
Charles Tyrwhitt Shirts Limited Competitor Analysis
Perform a competitor analysis for charles tyrwhitt shirts limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in SE1 area or any other competitors across 12 key performance metrics.
charles tyrwhitt shirts limited Ownership
CHARLES TYRWHITT SHIRTS LIMITED group structure
Charles Tyrwhitt Shirts Limited has no subsidiary companies.
charles tyrwhitt shirts limited directors
Charles Tyrwhitt Shirts Limited currently has 2 directors. The longest serving directors include Mr Nicholas Wheeler (Jun 1994) and Mr Peter Higgins (Jun 1994).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Wheeler | United Kingdom | 60 years | Jun 1994 | - | Director |
| Mr Peter Higgins | England | 63 years | Jun 1994 | - | Director |
P&L
July 2023turnover
269.2m
+45%
operating profit
18.6m
-57%
gross margin
66.6%
+6.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
50m
-0.11%
total assets
146.6m
+0.07%
cash
27.8m
+0.51%
net assets
Total assets minus all liabilities
charles tyrwhitt shirts limited company details
company number
02914928
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
March 1994
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
wheeler higgins limited (April 2015)
reactivates limited (June 1994)
accountant
-
auditor
DELOITTE LLP
address
ground floor, cottons centre, cottons lane, london, SE1 2QG
Bank
LLOYDS BANKING GROUP
Legal Advisor
BLAKE MORGAN LLP
charles tyrwhitt shirts 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 found 18 charges/mortgages relating to charles tyrwhitt shirts limited. Currently there are 3 open charges and 15 have been satisfied in the past.
charles tyrwhitt shirts 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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charles tyrwhitt shirts limited Companies House Filings - See Documents
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