Somac Threads (usa) Limited

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somac threads (usa) limited Company Information

Live

Mature

Company Number

03271829

Website

www.somac.co.uk

Registered Address

riverside house, river lane saltney, chester, cheshire, CH4 8RQ

Industry

Other retail sale not in stores, stalls or markets

Telephone

01244680506

Next Accounts Due

June 2025

Group Structure

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Directors

Andrew McClements27 Years

Fiona McClements27 Years

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Shareholders

andrew massey mcclements 50%

judith mary webb 25%

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somac threads (usa) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SOMAC THREADS (USA) LIMITED at £0 based on a Turnover of £0 and 0.28x industry multiple (adjusted for size and gross margin).

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Somac Threads (usa) Limited is a live company located in chester, CH4 8RQ with a Companies House number of 03271829. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in October 1996, it's largest shareholder is andrew massey mcclements with a 50% stake. Somac Threads (usa) Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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There is insufficient data available to calculate a health check for Somac Threads (Usa) Limited. Company Health Check FAQs

Health Rating0out of 5

0 Strong

0 Regular

0 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Somac Threads (Usa) Limited's latest turnover from September 2023 is estimated at 0 and the company has net assets of £100. According to their latest financial statements, we estimate that Somac Threads (Usa) Limited has no employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	0	169,673	62,587	207,478	213,912	211,987	157,195	623,282	721,849	681,172	592,271	100,026	165,372	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	117,336	42,247	137,762	142,705	140,431	103,163	414,929	481,697	457,273	395,247	64,605	108,291	0
Gross Profit	0	52,337	20,340	69,716	71,207	71,556	54,031	208,354	240,152	223,899	197,024	35,421	57,080	0
Admin Expenses	17,787	272,931	20,494	43,372	43,632	35,687	32,730	194,161	222,557	208,994	181,993	22,043	53,537	-122,080
Operating Profit	-17,787	-220,594	-154	26,344	27,575	35,869	21,301	14,193	17,595	14,905	15,031	13,378	3,543	122,080
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	152	13	7	9	4	27	27	1	8	16	12	4	4	3
Pre-Tax Profit	-17,635	-220,581	-147	26,353	27,579	35,896	21,328	14,194	17,603	14,921	15,043	13,382	3,547	122,083
Tax	0	0	0	-5,007	-5,240	-6,820	-4,265	-2,839	-3,697	-3,432	-3,610	-3,479	-993	-34,183
Profit After Tax	-17,635	-220,581	-147	21,346	22,339	29,076	17,062	11,355	13,906	11,489	11,433	9,903	2,554	87,900
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-17,635	-220,581	-147	21,346	22,339	29,076	17,062	11,355	13,906	11,489	11,433	9,903	2,554	87,900
Employee Costs	0	33,013	29,483	64,308	64,392	57,750	31,650	101,013	94,150	96,615	91,733	29,685	28,924	0
Number Of Employees	0	1	1	2	2	2	1	3	3	3	3	1	1	0
EBITDA*	-17,787	-220,594	-154	26,344	27,575	35,869	21,301	14,193	17,595	14,905	15,031	13,378	3,543	122,080

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	3,650	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	3,650	0
Stock & work in progress	0	0	0	2,268	2,364	8,236	8,703	7,625	4,731	14,570	18,343	24,493	31,306	55,844	49,672
Trade Debtors	0	0	20,678	10,420	25,588	21,084	30,096	24,489	149,155	142,709	135,609	110,430	11,315	12,968	48,224
Group Debtors	100	100	0	221,337	267,539	250,203	206,152	138,738	0	0	0	0	0	0	0
Misc Debtors	0	0	2,649	1,820	2,827	3,413	4,097	4,047	0	0	0	0	59,206	40,777	0
Cash	0	0	13,473	12,207	1,525	956	90	21,405	168	54	3,084	3,410	1,400	269	1,239
misc current assets	0	0	0	0	0	0	131	131	131	131	98	98	98	90	0
total current assets	100	100	36,800	248,052	299,843	283,892	249,269	196,435	154,185	157,464	157,134	138,431	103,325	109,948	99,135
total assets	100	100	36,800	248,052	299,843	283,892	249,269	196,435	154,185	157,464	157,134	138,431	103,325	113,598	99,135
Bank overdraft	0	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	0
Trade Creditors	0	0	0	8,136	54,788	59,935	45,774	24,899	5,545	20,179	33,755	26,541	2,868	23,044	11,135
Group/Directors Accounts	0	0	17,322	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	1,743	1,600	6,592	6,840	8,717	5,834	0	0	0	0	0	0	0
total current liabilities	0	0	19,065	9,736	61,380	66,775	54,491	30,733	5,545	20,179	33,755	26,541	2,868	23,044	11,135
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	0	0	19,065	9,736	61,380	66,775	54,491	30,733	5,545	20,179	33,755	26,541	2,868	23,044	11,135
net assets	100	100	17,735	238,316	238,463	217,117	194,778	165,702	148,640	137,285	123,379	111,890	100,457	90,554	88,000
total shareholders funds	100	100	17,735	238,316	238,463	217,117	194,778	165,702	148,640	137,285	123,379	111,890	100,457	90,554	88,000

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	0	-17,787	-220,594	-154	26,344	27,575	35,869	21,301	14,193	17,595	14,905	15,031	13,378	3,543	122,080
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-5,007	-5,240	-6,820	-4,265	-2,839	-3,697	-3,432	-3,610	-3,479	-993	-34,183
Stock	0	0	-2,268	-96	-5,872	-467	1,078	2,894	-9,839	-3,773	-6,150	-6,813	-24,538	6,172	49,672
Debtors	0	-23,227	-210,250	-62,377	21,254	34,355	73,071	18,119	6,446	7,100	25,179	39,909	13,126	9,171	48,224
Creditors	0	0	-8,136	-46,652	-5,147	14,161	20,875	19,354	-14,634	-13,576	7,214	23,673	-20,176	11,909	11,135
Accruals and Deferred Income	0	-1,743	143	-4,992	-248	-1,877	2,883	5,834	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	3,697	-16,069	10,675	560	731	-21,342	21,211	113	-3,005	-342	1,998	1,135	-884	1,136
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-17,322	17,322	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	0
Long term loans	0	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	0
other long term liabilities	0	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	0	100
interest	0	152	13	7	9	4	27	27	1	8	16	12	4	4	3
cash flow from financing	0	-17,170	17,335	7	9	4	27	27	1	8	16	12	4	4	103
cash and cash equivalents
cash	0	-13,473	1,266	10,682	569	866	-21,315	21,237	114	-3,030	-326	2,010	1,131	-970	1,239
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-13,473	1,266	10,682	569	866	-21,315	21,237	114	-3,030	-326	2,010	1,131	-970	1,239

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 somac threads (usa) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mature companies, companies in CH4 area or any other competitors across 12 key performance metrics.

SOMAC THREADS (USA) LIMITED group structure

Somac Threads (Usa) Limited has no subsidiary companies.

Ultimate parent company

SOMAC THREADS (USA) LIMITED

03271829

SOMAC THREADS (USA) LIMITED Shareholders

andrew massey mcclements	50%
judith mary webb	25%
fiona catherine mcclements	13%
harry william mcclements	12%

Somac Threads (Usa) Limited currently has 3 directors. The longest serving directors include Mr Andrew McClements (Oct 1996) and Ms Fiona McClements (Oct 1996).

officer	country	age	start	end	role
Mr Andrew McClements	United Kingdom	61 years	Oct 1996	-	Director
Ms Fiona McClements	United Kingdom	59 years	Oct 1996	-	Director
Ms Judith Webb	England	63 years	Oct 1996	-	Director

P&L

September 2023

turnover

operating profit

gross margin

turnover

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

Balance Sheet

September 2023

net assets

100

total assets

100

cash

net assets

Total assets minus all liabilities

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company number

03271829

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

October 1996

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

riverside house, river lane saltney, chester, cheshire, CH4 8RQ

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 somac threads (usa) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

somac threads (usa) limited Company Information

somac threads (usa) limited Estimated Valuation

somac threads (usa) limited Estimated Valuation

somac threads (usa) limited Estimated Valuation

Somac Threads (usa) Limited Overview

Somac Threads (usa) Limited Health Check

SOMAC THREADS (USA) LIMITED financials

somac threads (usa) limited Credit Report and Business Information

Somac Threads (usa) Limited Competitor Analysis

somac threads (usa) limited Ownership

somac threads (usa) limited directors

somac threads (usa) limited company details

somac threads (usa) limited Charges & Mortgages

somac threads (usa) limited Companies House Filings - See Documents