towerstone limited
towerstone limited Company Information
Company Number
03143803
Next Accounts
25 days late
Shareholders
yash pal malhotra
Group Structure
View All
Industry
Retail sale of clothing in specialised stores
Registered Address
6 winchester road, london, N6 5HW
Website
www.towerstonepartners.comtowerstone limited Estimated Valuation
Pomanda estimates the enterprise value of TOWERSTONE LIMITED at £612.8k based on a Turnover of £1.8m and 0.35x industry multiple (adjusted for size and gross margin).
towerstone limited Estimated Valuation
Pomanda estimates the enterprise value of TOWERSTONE LIMITED at £36.8k based on an EBITDA of £10.4k and a 3.54x industry multiple (adjusted for size and gross margin).
towerstone limited Estimated Valuation
Pomanda estimates the enterprise value of TOWERSTONE LIMITED at £11.8m based on Net Assets of £5.1m and 2.33x industry multiple (adjusted for liquidity).
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Towerstone Limited Overview
Towerstone Limited is a live company located in london, N6 5HW with a Companies House number of 03143803. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in January 1996, it's largest shareholder is yash pal malhotra with a 100% stake. Towerstone Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.
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Towerstone Limited Health Check
Pomanda's financial health check has awarded Towerstone Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£8.5m)
- Towerstone Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (4.5%)
- Towerstone Limited
4.5% - Industry AVG
Production
with a gross margin of 35.4%, this company has a higher cost of product (49.6%)
- Towerstone Limited
49.6% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (4.8%)
- Towerstone Limited
4.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (56)
3 - Towerstone Limited
56 - Industry AVG
Pay Structure
on an average salary of £26.3k, the company has an equivalent pay structure (£26.3k)
- Towerstone Limited
£26.3k - Industry AVG
Efficiency
resulting in sales per employee of £590.3k, this is more efficient (£151.8k)
- Towerstone Limited
£151.8k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (13 days)
- Towerstone Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 204 days, this is slower than average (40 days)
- Towerstone Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Towerstone Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Towerstone Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.6%, this is a lower level of debt than the average (74.2%)
17.6% - Towerstone Limited
74.2% - Industry AVG
TOWERSTONE LIMITED financials
Towerstone Limited's latest turnover from May 2023 is estimated at £1.8 million and the company has net assets of £5.1 million. According to their latest financial statements, Towerstone Limited has 3 employees 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 | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 14 | 14 | 14 | 14 | 17 | 18 | ||||||
| EBITDA* |
* 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 | 5,706,172 | 5,706,386 | 1,509,853 | 12,493 | 10,172 | 1,513,132 | 1,514,660 | 1,530,616 | 29,538 | 2,946,633 | 3,747,459 | 3,770,960 | 2,697,005 | 2,352,397 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 4,199,141 | 7,375,015 | 7,007,126 | 5,020,019 | 4,518,295 | 5,357,500 | 6,805,258 | 4,000,002 | 750,000 | 1,850,000 | 1,983,409 | |||
| Debtors (Due After 1 year) | 204,147 | |||||||||||||
| Total Fixed Assets | 5,706,172 | 5,706,386 | 5,913,141 | 7,387,508 | 7,017,298 | 6,533,151 | 6,032,955 | 6,888,116 | 6,834,796 | 6,946,635 | 3,747,459 | 4,520,960 | 4,547,005 | 4,335,806 |
| Stock & work in progress | 30,000 | 50,000 | 50,000 | 50,000 | 120,000 | 120,000 | 90,000 | 60,000 | 60,000 | 80,000 | 100,000 | 248,528 | ||
| Trade Debtors | 424,138 | 328,482 | 92,565 | 36,574 | 2,009 | 5,623 | 7,192 | 1,065,299 | 1,230,620 | 4,738,759 | 3,725,728 | 3,706,055 | 3,695,535 | |
| Group Debtors | 81,736 | 86,200 | 243,085 | 529,443 | ||||||||||
| Misc Debtors | 34,020 | 34,020 | 208,492 | 131,401 | 175,660 | 181,830 | 223,975 | |||||||
| Cash | 239,632 | 195,122 | 491,712 | 505,144 | 349,535 | 1,368,811 | 70,316 | 35,239 | 13,504 | 2,879 | 4,750 | 97,710 | ||
| misc current assets | ||||||||||||||
| total current assets | 458,158 | 362,502 | 269,632 | 627,915 | 795,887 | 975,898 | 1,186,431 | 1,719,978 | 1,225,615 | 1,325,859 | 4,812,263 | 3,808,607 | 3,810,805 | 4,041,773 |
| total assets | 6,164,330 | 6,068,888 | 6,182,773 | 8,015,423 | 7,813,185 | 7,509,049 | 7,219,386 | 8,608,094 | 8,060,411 | 8,272,494 | 8,559,722 | 8,329,567 | 8,357,810 | 8,377,579 |
| Bank overdraft | 125,192 | 121,322 | 124,161 | 151,709 | 152,082 | |||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 639,134 | 569,360 | 596,820 | 154,841 | 172,985 | 183,566 | 175,441 | 372,909 | 2,616,598 | 1,689,597 | 1,355,085 | 1,194,247 | 990,968 | 1,332,188 |
| Group/Directors Accounts | 273,146 | 156,199 | 316,961 | |||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 105,479 | 186,136 | 224,511 | 264,853 | 213,073 | |||||||||
| total current liabilities | 639,134 | 569,360 | 596,820 | 658,658 | 636,642 | 532,238 | 592,003 | 1,055,025 | 2,616,598 | 1,689,597 | 1,355,085 | 1,194,247 | 990,968 | 1,332,188 |
| loans | 632,398 | 913,085 | 1,042,034 | 1,167,145 | 2,237,981 | |||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | 28,884 | 28,884 | ||||||||||||
| other liabilities | 418,073 | 400,198 | 526,351 | 2,402 | 1,201,294 | 3,448,019 | 4,386,797 | 4,529,764 | 4,905,299 | 5,039,804 | ||||
| provisions | ||||||||||||||
| total long term liabilities | 446,957 | 429,082 | 526,351 | 632,398 | 913,085 | 1,042,034 | 1,167,145 | 2,240,383 | 1,201,294 | 3,448,019 | 4,386,797 | 4,529,764 | 4,905,299 | 5,039,804 |
| total liabilities | 1,086,091 | 998,442 | 1,123,171 | 1,291,056 | 1,549,727 | 1,574,272 | 1,759,148 | 3,295,408 | 3,817,892 | 5,137,616 | 5,741,882 | 5,724,011 | 5,896,267 | 6,371,992 |
| net assets | 5,078,239 | 5,070,446 | 5,059,602 | 6,724,367 | 6,263,458 | 5,934,777 | 5,460,238 | 5,312,686 | 4,242,519 | 3,134,878 | 2,817,840 | 2,605,556 | 2,461,543 | 2,005,587 |
| total shareholders funds | 5,078,239 | 5,070,446 | 5,059,602 | 6,724,367 | 6,263,458 | 5,934,777 | 5,460,238 | 5,312,686 | 4,242,519 | 3,134,878 | 2,817,840 | 2,605,556 | 2,461,543 | 2,005,587 |
| 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 | ||||||||||||||
| Depreciation | 2,608 | 2,995 | 3,244 | 3,953 | 5,284 | 9,244 | 10,444 | 32,475 | 25,722 | 25,749 | 27,187 | 24,203 | 41,775 | |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -30,000 | -20,000 | -70,000 | 30,000 | 30,000 | -20,000 | -20,000 | -148,528 | 248,528 | |||||
| Debtors | 95,656 | 158,355 | -178,646 | 128,618 | -166,579 | -296,142 | 485,729 | -834,132 | -165,321 | -3,508,139 | 1,013,031 | 19,673 | 10,520 | 3,695,535 |
| Creditors | 69,774 | -27,460 | 441,979 | -18,144 | -10,581 | 8,125 | -197,468 | -2,243,689 | 927,001 | 334,512 | 160,838 | 203,279 | -341,220 | 1,332,188 |
| Accruals and Deferred Income | 28,884 | -105,479 | -80,657 | -38,375 | -40,342 | 51,780 | 213,073 | |||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -4,199,141 | -3,175,874 | 367,889 | 1,987,107 | 501,724 | -839,205 | -1,447,758 | 2,805,256 | 4,000,002 | -750,000 | -1,100,000 | -133,409 | 1,983,409 | |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -273,146 | 116,947 | 156,199 | -316,961 | 316,961 | |||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -632,398 | -280,687 | -128,949 | -125,111 | -1,070,836 | 2,237,981 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | 17,875 | -126,153 | 526,351 | -2,402 | -1,198,892 | -2,246,725 | -938,778 | -142,967 | -375,535 | -134,505 | 5,039,804 | |||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -239,632 | 44,510 | -296,590 | -13,432 | 155,609 | -1,019,276 | 1,298,495 | 35,077 | 21,735 | 10,625 | -1,871 | -92,960 | 97,710 | |
| overdraft | -125,192 | 3,870 | -2,839 | -27,548 | -373 | 152,082 | ||||||||
| change in cash | -239,632 | 169,702 | -300,460 | -10,593 | 183,157 | -1,018,903 | 1,146,413 | 35,077 | 21,735 | 10,625 | -1,871 | -92,960 | 97,710 |
towerstone limited Credit Report and Business Information
Towerstone Limited Competitor Analysis
Perform a competitor analysis for towerstone limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in N 6 area or any other competitors across 12 key performance metrics.
towerstone limited Ownership
TOWERSTONE LIMITED group structure
Towerstone Limited has 1 subsidiary company.
towerstone limited directors
Towerstone Limited currently has 2 directors. The longest serving directors include Mr Yash Malhotra (Feb 1997) and Mrs Lisa Malhotra Webb (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Yash Malhotra | England | 77 years | Feb 1997 | - | Director |
| Mrs Lisa Malhotra Webb | England | 39 years | Feb 2022 | - | Director |
P&L
May 2023turnover
1.8m
+43%
operating profit
10.4k
0%
gross margin
35.5%
-3.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
5.1m
0%
total assets
6.2m
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
towerstone limited company details
company number
03143803
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
January 1996
age
29
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
6 winchester road, london, N6 5HW
Bank
BARCLAYS BANK PLC
Legal Advisor
-
towerstone 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 32 charges/mortgages relating to towerstone limited. Currently there are 16 open charges and 16 have been satisfied in the past.
towerstone 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.
Click to start generating capital raising & share issue transactions for TOWERSTONE LIMITED. This can take several minutes, an email will notify you when this has completed.
towerstone limited Companies House Filings - See Documents
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