Visage Textiles Limited

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visage textiles limited Company Information

Live

MatureMidHealthy

Company Number

03732286

Website

www.visagetextiles.com

Registered Address

9/11 chatley street, cheetham, manchester, M3 1HU

Industry

Wholesale of textiles

Telephone

01618322213

Next Accounts Due

September 2024

Group Structure

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Directors

Aarran Levy25 Years

Simon Phillips16 Years

View All

Shareholders

allegra textiles ltd 80%

simon daniel phillips 20%

visage textiles limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of VISAGE TEXTILES LIMITED at £2.2m based on a Turnover of £6.4m and 0.35x industry multiple (adjusted for size and gross margin).

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Visage Textiles Limited is a live company located in manchester, M3 1HU with a Companies House number of 03732286. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in March 1999, it's largest shareholder is allegra textiles ltd with a 80% stake. Visage Textiles Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Visage Textiles Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £6.4m, make it smaller than the average company (£14.3m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.7%)

EXPORT

Visage Textiles Limited's latest turnover from December 2022 is estimated at £6.4 million and the company has net assets of £455 thousand. According to their latest financial statements, Visage Textiles Limited has 25 employees and maintains cash reserves of £45.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	6,389,157	5,720,206	6,018,467	4,141,181	4,922,947	4,533,245	3,930,989	4,197,833	5,536,466	4,318,514	4,309,428	4,040,658	3,437,411	2,965,701
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,708,445	4,147,237	4,400,861	3,013,073	3,640,758	3,376,391	2,911,998	3,121,042	4,092,835	3,219,621	3,293,162	3,042,659	2,591,095	2,204,020
Gross Profit	1,680,711	1,572,969	1,617,606	1,128,108	1,282,189	1,156,854	1,018,990	1,076,791	1,443,631	1,098,894	1,016,267	998,000	846,316	761,681
Admin Expenses	1,961,525	1,304,425	1,443,229	1,289,688	1,076,056	1,063,578	1,000,678	1,017,465	1,243,321	1,031,517	1,010,349	982,884	817,879	728,541
Operating Profit	-280,814	268,544	174,377	-161,580	206,133	93,276	18,312	59,326	200,310	67,377	5,918	15,116	28,437	33,140
Interest Payable	44,957	29,680	38,971	40,760	43,313	30,361	31,999	20,537	0	0	0	0	0	0
Interest Receivable	2,106	163	45	46	220	77	29	48	48	42	81	101	115	93
Pre-Tax Profit	-323,666	239,027	135,452	-202,295	163,040	62,991	-13,658	38,838	200,358	67,419	5,999	15,217	28,553	33,233
Tax	0	-45,415	-25,736	0	-30,978	-11,968	0	-7,767	-40,071	-14,158	-1,380	-3,652	-7,424	-9,305
Profit After Tax	-323,666	193,612	109,716	-202,295	132,062	51,023	-13,658	31,070	160,286	53,261	4,619	11,565	21,129	23,928
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-323,666	193,612	109,716	-202,295	132,062	51,023	-13,658	31,070	160,286	53,261	4,619	11,565	21,129	23,928
Employee Costs	1,025,397	957,914	952,826	941,172	976,475	903,725	856,874	835,562	558,382	432,602	443,687	427,582	383,729	370,098
Number Of Employees	25	26	26	26	27	26	25	24	17	14	14	13	13	13
EBITDA*	-266,192	282,478	182,131	-153,382	213,005	101,101	54,682	95,166	235,585	100,110	33,552	43,047	60,041	66,925

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	24,169	30,602	27,638	31,811	9,247	13,251	11,817	21,246	20,943	22,676	5,340	7,683	2,123	9,977
Intangible Assets	0	0	0	0	0	0	0	25,000	50,000	75,000	100,000	125,000	150,000	175,000
Investments & Other	2	1	1	1	1	1	1	1	1	1	1	1	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	24,171	30,603	27,639	31,812	9,248	13,252	11,818	46,247	70,944	97,677	105,341	132,684	152,123	184,977
Stock & work in progress	1,921,468	1,841,542	1,708,617	1,723,900	1,539,226	1,435,133	1,325,689	1,493,267	1,351,025	1,175,559	1,021,381	1,010,189	767,850	681,440
Trade Debtors	659,907	876,989	1,052,836	649,640	977,478	787,996	659,368	579,396	562,906	377,141	380,168	372,736	385,811	356,968
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	130,747	69,317	199,687	240,227	193,661	156,157	141,101	63,123	0	0	0	0	0	0
Cash	45,178	75,139	55,247	56,051	35,332	23,413	7,400	15,833	3,342	15,801	835	31,533	8,798	37,361
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,757,300	2,862,987	3,016,387	2,669,818	2,745,697	2,402,699	2,133,558	2,151,619	1,917,273	1,568,501	1,402,384	1,414,458	1,162,459	1,075,769
total assets	2,781,471	2,893,590	3,044,026	2,701,630	2,754,945	2,415,951	2,145,376	2,197,866	1,988,217	1,666,178	1,507,725	1,547,142	1,314,582	1,260,746
Bank overdraft	533,218	413,247	536,497	595,168	741,232	542,129	392,065	631,893	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,012,437	709,131	715,293	163,874	187,211	211,611	122,648	212,933	1,383,427	1,201,674	1,096,482	1,090,518	869,523	836,816
Group/Directors Accounts	190,000	217,500	261,700	291,696	42,522	62,514	17,500	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	390,915	615,693	640,435	1,059,882	1,002,239	947,985	1,015,863	642,180	0	0	0	0	0	0
total current liabilities	2,126,570	1,955,571	2,153,925	2,110,620	1,973,204	1,764,239	1,548,076	1,487,006	1,383,427	1,201,674	1,096,482	1,090,518	869,523	836,816
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	199,854	159,306	305,000	317,920	306,356	308,389	305,000	405,000	330,000	350,000	350,000	400,000	400,000	400,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	199,854	159,306	305,000	317,920	306,356	308,389	305,000	405,000	330,000	350,000	350,000	400,000	400,000	400,000
total liabilities	2,326,424	2,114,877	2,458,925	2,428,540	2,279,560	2,072,628	1,853,076	1,892,006	1,713,427	1,551,674	1,446,482	1,490,518	1,269,523	1,236,816
net assets	455,047	778,713	585,101	273,090	475,385	343,323	292,300	305,860	274,790	114,504	61,243	56,624	45,059	23,930
total shareholders funds	455,047	778,713	585,101	273,090	475,385	343,323	292,300	305,860	274,790	114,504	61,243	56,624	45,059	23,930

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-280,814	268,544	174,377	-161,580	206,133	93,276	18,312	59,326	200,310	67,377	5,918	15,116	28,437	33,140
Depreciation	14,622	13,934	7,754	8,198	6,872	7,825	11,370	10,840	10,275	7,733	2,634	2,931	6,604	8,785
Amortisation	0	0	0	0	0	0	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
Tax	0	-45,415	-25,736	0	-30,978	-11,968	0	-7,767	-40,071	-14,158	-1,380	-3,652	-7,424	-9,305
Stock	79,926	132,925	169,391	184,674	104,093	109,444	-167,578	142,242	175,466	154,178	11,192	242,339	86,410	681,440
Debtors	-155,652	-306,217	81,384	-281,272	226,986	143,684	157,950	79,613	185,765	-3,027	7,432	-13,075	28,843	356,968
Creditors	303,306	-6,162	528,082	-23,337	-24,400	88,963	-90,285	-1,170,494	181,753	105,192	5,964	220,995	32,707	836,816
Accruals and Deferred Income	-224,778	-24,742	-361,804	57,643	54,254	-67,878	373,683	642,180	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	-111,938	379,451	71,898	-22,478	-119,198	-142,910	347,708	-662,770	16,036	39,993	19,512	31,126	-29,929	-143,972
Investing Activities
capital expenditure	-8,189	-16,898	-26,145	-30,762	-2,868	-9,259	-1,941	-11,143	-8,542	-25,069	-291	-8,491	1,250	-218,762
Change in Investments	1	0	0	0	0	0	0	0	0	0	0	1	0	0
cash flow from investments	-8,190	-16,898	-26,145	-30,762	-2,868	-9,259	-1,941	-11,143	-8,542	-25,069	-291	-8,492	1,250	-218,762
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-27,500	-44,200	219,178	249,174	-19,992	45,014	17,500	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	40,548	-145,694	-1,356	11,564	-2,033	3,389	-100,000	75,000	-20,000	0	-50,000	0	0	400,000
share issue	0	0	0	0	0	0	98	0	0	0	0	0	0	2
interest	-42,851	-29,517	-38,926	-40,714	-43,093	-30,284	-31,970	-20,489	48	42	81	101	115	93
cash flow from financing	-29,803	-219,411	178,896	220,024	-65,118	18,119	-114,372	54,511	-19,952	42	-49,919	101	115	400,095
cash and cash equivalents
cash	-29,961	19,892	19,915	20,719	11,919	16,013	-8,433	12,491	-12,459	14,966	-30,698	22,735	-28,563	37,361
overdraft	119,971	-123,250	-204,735	-146,064	199,103	150,064	-239,828	631,893	0	0	0	0	0	0
change in cash	-149,932	143,142	224,650	166,783	-187,184	-134,051	231,395	-619,402	-12,459	14,966	-30,698	22,735	-28,563	37,361

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VISAGE TEXTILES LIMITED group structure

Visage Textiles Limited has 2 subsidiary companies.

Ultimate parent company

ALLEGRA TEXTILES LTD

#0104063

1 parent

VISAGE TEXTILES LIMITED

03732286

2 subsidiaries

MAKE AND BELIEVE FABRICS LTD

13933532

THE CRAFT COTTON COMPANY LIMITED

07569597

VISAGE TEXTILES LIMITED Shareholders

allegra textiles ltd	80%
simon daniel phillips	20%

Visage Textiles Limited currently has 4 directors. The longest serving directors include Aarran Levy (Mar 1999) and Mr Simon Phillips (Mar 2008).

officer	country	age	start	end	role
Aarran Levy	Israel	59 years	Mar 1999	-	Director
Mr Simon Phillips		55 years	Mar 2008	-	Director
Mr Ronald Black		70 years	Mar 2008	-	Director
Mr David Carter		57 years	Sep 2012	-	Director

P&L

December 2022

turnover

6.4m

+12%

operating profit

-280.8k

gross margin

26.4%

-4.34%

turnover

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

Balance Sheet

December 2022

net assets

455k

-0.42%

total assets

2.8m

-0.04%

cash

45.2k

-0.4%

net assets

Total assets minus all liabilities

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company number

03732286

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

March 1999

age

accounts

Total Exemption Full

ultimate parent company

ALLEGRA TEXTILES LTD

previous names

tony levy & co (textiles) limited (April 2003)

incorporated

address

9/11 chatley street, cheetham, manchester, M3 1HU

last accounts submitted

December 2022

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 4 charges/mortgages relating to visage textiles limited. Currently there are 4 open charges and 0 have been satisfied in the past.

visage textiles limited Company Information

visage textiles limited Estimated Valuation

visage textiles limited Estimated Valuation

visage textiles limited Estimated Valuation

Visage Textiles Limited Overview

Visage Textiles Limited Health Check

VISAGE TEXTILES LIMITED financials

visage textiles limited Credit Report and Business Information

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visage textiles limited directors

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