Woolcrest Textiles Limited

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woolcrest textiles limited Company Information

Live

MatureSmallHealthy

Company Number

03048403

Website

www.woolcresttextiles.co.uk

Registered Address

6 well street, london, E9 7PX

Industry

Wholesale of textiles

Telephone

02089853686

Next Accounts Due

December 2024

Group Structure

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Directors

Turgut Yorganci29 Years

Shareholders

sabriye yorganci 50%

turgut yorganci 50%

woolcrest textiles limited Estimated Valuation

£708.3k

Pomanda estimates the enterprise value of WOOLCREST TEXTILES LIMITED at £708.3k based on a Turnover of £3.1m and 0.23x industry multiple (adjusted for size and gross margin).

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Woolcrest Textiles Limited is a live company located in london, E9 7PX with a Companies House number of 03048403. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in April 1995, it's largest shareholder is sabriye yorganci with a 50% stake. Woolcrest Textiles Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Woolcrest Textiles Limited a 2.5 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 Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £3.1m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WOOLCREST TEXTILES LIMITED group structure

Woolcrest Textiles Limited has no subsidiary companies.

Ultimate parent company

WOOLCREST TEXTILES LIMITED

03048403

WOOLCREST TEXTILES LIMITED Shareholders

sabriye yorganci	50%
turgut yorganci	50%

Woolcrest Textiles Limited currently has 1 director, Mr Turgut Yorganci serving since Apr 1995.

officer	country	age	start	end	role
Mr Turgut Yorganci		57 years	Apr 1995	-	Director

EXPORT

Woolcrest Textiles Limited's latest turnover from March 2023 is estimated at £3.1 million and the company has net assets of £86.3 thousand. According to their latest financial statements, Woolcrest Textiles Limited has 17 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,134,789	3,308,959	2,984,860	2,707,479	2,418,212	2,431,134	2,302,479	1,743,805	1,668,089	1,540,671	1,420,679	1,175,419	1,349,575	1,251,926
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,485,073	2,669,497	2,470,647	2,147,266	1,963,223	1,967,075	1,848,758	1,408,510	1,360,267	1,267,796	1,164,865	946,519	1,103,278	1,011,884
Gross Profit	649,716	639,462	514,212	560,213	454,989	464,059	453,720	335,295	307,822	272,875	255,814	228,900	246,297	240,043
Admin Expenses	479,176	599,982	490,991	674,922	456,361	463,116	447,934	347,083	303,131	271,563	257,211	219,489	240,235	236,214
Operating Profit	170,540	39,480	23,221	-114,709	-1,372	943	5,786	-11,788	4,691	1,312	-1,397	9,411	6,062	3,829
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	197	430	151	553	798	429	206	137
Pre-Tax Profit	170,540	39,480	23,221	-114,709	-1,372	943	5,983	-11,358	4,842	1,865	-599	9,839	6,268	3,967
Tax	-32,403	-7,501	-4,412	0	0	-179	-1,196	0	-1,017	-429	0	-2,558	-1,755	-1,111
Profit After Tax	138,137	31,979	18,809	-114,709	-1,372	764	4,786	-11,358	3,825	1,436	-599	7,281	4,513	2,856
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	138,137	31,979	18,809	-114,709	-1,372	764	4,786	-11,358	3,825	1,436	-599	7,281	4,513	2,856
Employee Costs	713,061	662,071	620,757	603,615	210,764	204,816	171,858	139,747	98,872	129,618	97,111	98,673	87,875	87,196
Number Of Employees	17	17	17	17	6	6	5	4	3	4	3	3	3	3
EBITDA*	170,540	39,480	23,221	-114,709	-1,372	943	5,786	-5,136	8,713	6,674	3,537	14,196	10,073	6,814

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	59,843	25,688	32,661	41,958	39,223	19,683	19,735	24,474	16,581	20,603	19,319	18,873	16,550	13,471
Intangible Assets	0	0	0	0	0	0	0	250	250	250	250	250	250	250
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	59,843	25,688	32,661	41,958	39,223	19,683	19,735	24,724	16,831	20,853	19,569	19,123	16,800	13,721
Stock & work in progress	0	0	0	0	0	0	0	181,093	267,514	203,158	345,609	336,822	387,159	463,512
Trade Debtors	764,460	910,629	760,342	657,595	579,064	540,650	500,245	430,159	442,836	380,039	163,319	122,234	215,557	196,353
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	50,493	67,560	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	157,529	14,585	45,766	175,244	144,142	27,260	54,965
misc current assets	0	0	0	0	84,428	24,444	20,795	0	0	0	0	0	0	0
total current assets	764,460	910,629	810,835	725,155	663,492	565,094	521,040	768,781	724,935	628,963	684,172	603,198	629,976	714,830
total assets	824,303	936,317	843,496	767,113	702,715	584,777	540,775	793,505	741,766	649,816	703,741	622,321	646,776	728,551
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	570,716	797,113	705,167	471,524	485,458	569,273	526,035	785,451	722,354	634,229	689,590	607,571	639,307	725,595
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	2,000	2,000	2,000	2,000	0	0	0	0	0	0	0	0	0
total current liabilities	570,716	799,113	707,167	473,524	487,458	569,273	526,035	785,451	722,354	634,229	689,590	607,571	639,307	725,595
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	2,000	0	0	0	0	2,000	2,000	0	0	0	0	0	0	0
other liabilities	165,239	188,993	220,097	396,166	203,125	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	167,239	188,993	220,097	396,166	203,125	2,000	2,000	0	0	0	0	0	0	0
total liabilities	737,955	988,106	927,264	869,690	690,583	571,273	528,035	785,451	722,354	634,229	689,590	607,571	639,307	725,595
net assets	86,348	-51,789	-83,768	-102,577	12,132	13,504	12,740	8,054	19,412	15,587	14,151	14,750	7,469	2,956
total shareholders funds	86,348	-51,789	-83,768	-102,577	12,132	13,504	12,740	8,054	19,412	15,587	14,151	14,750	7,469	2,956

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	170,540	39,480	23,221	-114,709	-1,372	943	5,786	-11,788	4,691	1,312	-1,397	9,411	6,062	3,829
Depreciation	0	0	0	0	0	0	0	6,652	4,022	5,362	4,934	4,785	4,011	2,985
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-32,403	-7,501	-4,412	0	0	-179	-1,196	0	-1,017	-429	0	-2,558	-1,755	-1,111
Stock	0	0	0	0	0	0	-181,093	-86,421	64,356	-142,451	8,787	-50,337	-76,353	463,512
Debtors	-146,169	99,794	85,680	146,091	38,414	40,405	70,086	-12,677	62,797	216,720	41,085	-93,323	19,204	196,353
Creditors	-226,397	91,946	233,643	-13,934	-83,815	43,238	-259,416	63,097	88,125	-55,361	82,019	-31,736	-86,288	725,595
Accruals and Deferred Income	0	0	0	0	0	0	2,000	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	57,909	24,131	166,772	-274,734	-123,601	3,597	-141,819	157,059	-31,332	-123,385	35,684	123,562	-20,821	71,433
Investing Activities
capital expenditure	-34,155	6,973	9,297	-2,735	-19,540	52	4,989	-14,545	0	-6,646	-5,380	-7,108	-7,090	-16,706
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-34,155	6,973	9,297	-2,735	-19,540	52	4,989	-14,545	0	-6,646	-5,380	-7,108	-7,090	-16,706
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	-23,754	-31,104	-176,069	193,041	203,125	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	197	430	151	553	798	429	206	137
cash flow from financing	-23,754	-31,104	-176,069	193,041	203,125	0	97	430	151	553	798	429	206	237
cash and cash equivalents
cash	0	0	0	0	0	0	-157,529	142,944	-31,181	-129,478	31,102	116,882	-27,705	54,965
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-157,529	142,944	-31,181	-129,478	31,102	116,882	-27,705	54,965

P&L

March 2023

turnover

3.1m

-5%

operating profit

170.5k

gross margin

20.8%

+7.25%

turnover

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

Balance Sheet

March 2023

net assets

86.3k

-2.67%

total assets

824.3k

-0.12%

cash

net assets

Total assets minus all liabilities

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company number

03048403

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

April 1995

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

6 well street, london, E9 7PX

last accounts submitted

March 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 3 charges/mortgages relating to woolcrest textiles limited. Currently there are 3 open charges and 0 have been satisfied in the past.

woolcrest textiles limited Company Information

woolcrest textiles limited Estimated Valuation

woolcrest textiles limited Estimated Valuation

woolcrest textiles limited Estimated Valuation

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