Ac Furniture Limited

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ac furniture limited Company Information

Live

MatureSmallHealthy

Company Number

03261530

Next Accounts

Dec 2024

Industry

Manufacture of other furniture

Manufacture of soft furnishings

Directors

Zahoor Chaudry

Akhtar Malik

Shareholders

rafaqat shaheen

fisia bibi

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Group Structure

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Contact

Registered Address

bisley works, golden hillock road, birmingham, west midlands, B11 2PZ

Website

http://masonsfurniture.co.uk

ac furniture limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of AC FURNITURE LIMITED at £1.5m based on a Turnover of £4.1m and 0.36x industry multiple (adjusted for size and gross margin).

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Ac Furniture Limited is a live company located in birmingham, B11 2PZ with a Companies House number of 03261530. It operates in the manufacture of soft furnishings sector, SIC Code 13921. Founded in October 1996, it's largest shareholder is rafaqat shaheen with a 25% stake. Ac Furniture Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ac Furniture Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £4.1m, make it smaller than the average company (£10m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.1%)

EXPORT

Ac Furniture Limited's latest turnover from March 2023 is estimated at £4.1 million and the company has net assets of £518.6 thousand. According to their latest financial statements, Ac Furniture Limited has 45 employees and maintains cash reserves of £601.5 thousand 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	4,106,080	3,617,368	2,457,065	3,040,070	3,256,445	3,161,037	3,068,250	2,090,420	2,315,133	1,236,287	951,442	717,721	1,039,965	1,666,731
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,743,905	2,377,945	1,607,811	2,037,761	2,217,810	2,136,251	2,060,671	1,389,137	1,547,804	853,513	645,161	478,662	659,506	1,078,052
Gross Profit	1,362,175	1,239,423	849,254	1,002,310	1,038,635	1,024,787	1,007,579	701,283	767,329	382,775	306,281	239,059	380,458	588,679
Admin Expenses	1,400,691	952,476	1,139,964	831,149	845,058	920,913	1,009,088	719,741	769,165	389,159	341,497	282,108	438,507	77,007
Operating Profit	-38,516	286,947	-290,710	171,161	193,577	103,874	-1,509	-18,458	-1,836	-6,384	-35,216	-43,049	-58,049	511,672
Interest Payable	4,556	3,122	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	31,821	5,086	383	347	2,139	1,194	486	295	155	96	20	43	56	31
Pre-Tax Profit	-11,251	288,911	-291,852	171,507	195,716	105,068	-1,023	-18,163	-1,681	-6,288	-35,196	-43,006	-57,993	511,703
Tax	0	-54,893	0	-32,586	-37,186	-19,963	0	0	0	0	0	0	0	-143,277
Profit After Tax	-11,251	234,018	-291,852	138,921	158,530	85,105	-1,023	-18,163	-1,681	-6,288	-35,196	-43,006	-57,993	368,426
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-11,251	234,018	-291,852	138,921	158,530	85,105	-1,023	-18,163	-1,681	-6,288	-35,196	-43,006	-57,993	368,426
Employee Costs	1,339,703	1,324,756	953,610	979,609	967,772	930,588	900,031	874,565	630,976	343,985	238,407	163,360	253,639	424,380
Number Of Employees	45	45	35	35	35	35	35	35	25	14	10	7	11	18
EBITDA*	24,828	333,833	-237,241	234,311	242,609	158,311	66,007	65,132	62,984	32,075	-23,354	-13,422	-27,375	565,944

* 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	357,437	262,106	296,631	348,919	265,380	290,892	308,977	374,555	404,792	226,329	256,698	162,841	165,788	187,621
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	357,437	262,106	296,631	348,919	265,380	290,892	308,977	374,555	404,792	226,329	256,698	162,841	165,788	187,621
Stock & work in progress	528,065	497,490	307,490	468,160	402,610	308,735	289,785	344,320	281,025	185,500	219,250	158,715	118,335	115,530
Trade Debtors	570,913	502,377	352,964	543,103	554,964	545,533	409,617	237,126	308,590	147,630	81,814	89,203	180,060	304,785
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	47,501	38,707	38,707	40,960	40,320	39,440	36,993	30,535	0	0	0	0	0	0
Cash	601,497	895,975	460,297	305,896	387,828	182,470	295,171	93,826	24,332	37,533	906	7,206	10,059	12,490
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,747,976	1,934,549	1,159,458	1,358,119	1,385,722	1,076,178	1,031,566	705,807	613,947	370,663	301,970	255,124	308,454	432,805
total assets	2,105,413	2,196,655	1,456,089	1,707,038	1,651,102	1,367,070	1,340,543	1,080,362	1,018,739	596,992	558,668	417,965	474,242	620,426
Bank overdraft	13,906	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	762,406	642,824	377,109	532,563	711,733	560,146	607,764	406,117	794,377	370,949	326,337	150,438	163,709	251,900
Group/Directors Accounts	427,634	568,814	401,656	301,656	203,656	308,656	330,554	280,235	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	30,886	63,956	0	0	0	0	0	0
other current liabilities	350,320	412,619	331,444	285,087	286,902	207,987	166,163	123,855	0	0	0	0	0	0
total current liabilities	1,554,266	1,624,257	1,110,209	1,119,306	1,202,291	1,076,789	1,135,367	874,163	794,377	370,949	326,337	150,438	163,709	251,900
loans	32,500	42,500	50,000	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	0	0	0	0	0	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	32,500	42,500	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,586,766	1,666,757	1,160,209	1,119,306	1,202,291	1,076,789	1,135,367	874,163	794,377	370,949	326,337	150,438	163,709	251,900
net assets	518,647	529,898	295,880	587,732	448,811	290,281	205,176	206,199	224,362	226,043	232,331	267,527	310,533	368,526
total shareholders funds	518,647	529,898	295,880	587,732	448,811	290,281	205,176	206,199	224,362	226,043	232,331	267,527	310,533	368,526

	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	-38,516	286,947	-290,710	171,161	193,577	103,874	-1,509	-18,458	-1,836	-6,384	-35,216	-43,049	-58,049	511,672
Depreciation	63,344	46,886	53,469	63,150	49,032	54,437	67,516	83,590	64,820	38,459	11,862	29,627	30,674	54,272
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-54,893	0	-32,586	-37,186	-19,963	0	0	0	0	0	0	0	-143,277
Stock	30,575	190,000	-160,670	65,550	93,875	18,950	-54,535	63,295	95,525	-33,750	60,535	40,380	2,805	115,530
Debtors	77,330	149,413	-192,392	-11,221	10,311	138,363	178,949	-40,929	160,960	65,816	-7,389	-90,857	-124,725	304,785
Creditors	119,582	265,715	-155,454	-179,170	151,587	-47,618	201,647	-388,260	423,428	44,612	175,899	-13,271	-88,191	251,900
Accruals and Deferred Income	-62,299	81,175	46,357	-1,815	78,915	41,824	42,308	123,855	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	-25,794	286,417	6,724	-33,589	331,739	-24,759	185,548	-221,639	229,927	44,621	99,399	23,784	6,354	254,252
Investing Activities
capital expenditure	-158,675	-12,361	-1,181	-146,689	-23,520	-36,352	-1,938	-53,353	-243,283	-8,090	-105,719	-26,680	-8,841	-241,893
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-158,675	-12,361	-1,181	-146,689	-23,520	-36,352	-1,938	-53,353	-243,283	-8,090	-105,719	-26,680	-8,841	-241,893
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-141,180	167,158	100,000	98,000	-105,000	-21,898	50,319	280,235	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	-10,000	-7,500	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-30,886	-33,070	63,956	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	0	0	0	0	0	0	0	0	0	100
interest	27,265	1,964	-1,142	347	2,139	1,194	486	295	155	96	20	43	56	31
cash flow from financing	-123,915	161,622	148,858	98,347	-102,861	-51,590	17,735	344,486	155	96	20	43	56	131
cash and cash equivalents
cash	-294,478	435,678	154,401	-81,932	205,358	-112,701	201,345	69,494	-13,201	36,627	-6,300	-2,853	-2,431	12,490
overdraft	13,906	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-308,384	435,678	154,401	-81,932	205,358	-112,701	201,345	69,494	-13,201	36,627	-6,300	-2,853	-2,431	12,490

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 ac furniture limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in B11 area or any other competitors across 12 key performance metrics.

AC FURNITURE LIMITED group structure

Ac Furniture Limited has no subsidiary companies.

Ultimate parent company

AC FURNITURE LIMITED

03261530

AC FURNITURE LIMITED Shareholders

rafaqat shaheen	25%
fisia bibi	25%
akhtar hussain malik	25%
zahoor alam chaudry	25%

Ac Furniture Limited currently has 2 directors. The longest serving directors include Mr Zahoor Chaudry (Oct 1996) and Akhtar Malik (Oct 1996).

officer	country	age	start	end	role
Mr Zahoor Chaudry		61 years	Oct 1996	-	Director
Akhtar Malik		68 years	Oct 1996	-	Director

P&L

March 2023

turnover

4.1m

+14%

operating profit

-38.5k

gross margin

33.2%

-3.18%

turnover

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

Balance Sheet

March 2023

net assets

518.6k

-0.02%

total assets

2.1m

-0.04%

cash

601.5k

-0.33%

net assets

Total assets minus all liabilities

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company number

03261530

Type

Private limited with Share Capital

industry

31090 - Manufacture of other furniture

13921 - Manufacture of soft furnishings

incorporation date

October 1996

ultimate parent company

None

previous names

N/A

address

bisley works, golden hillock road, birmingham, west midlands, B11 2PZ

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 1 charges/mortgages relating to ac furniture limited. Currently there are 1 open charges and 0 have been satisfied in the past.

ac furniture limited Company Information

ac furniture limited Estimated Valuation

ac furniture limited Estimated Valuation

ac furniture limited Estimated Valuation

Ac Furniture Limited Overview

Ac Furniture Limited Health Check

AC FURNITURE LIMITED financials

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