Direct 2 Workwear Limited

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direct 2 workwear limited Company Information

Dissolved

Company Number

03917691

Website

www.direct2workwear.co.uk

Registered Address

71 knowl piece, wilbury way, hitchin, hertfordshire, SG4 0TY

Industry

Non-trading company

Telephone

08453454550

Next Accounts Due

October 2024

Group Structure

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Directors

Martin Racher24 Years

Stephen Racher16 Years

Shareholders

stephen john racher 50%

mr martin nicholas racher 50%

direct 2 workwear limited Estimated Valuation

£55.4k

Pomanda estimates the enterprise value of DIRECT 2 WORKWEAR LIMITED at £55.4k based on a Turnover of £152.9k and 0.36x industry multiple (adjusted for size and gross margin).

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Direct 2 Workwear Limited is a dissolved company that was located in hitchin, SG4 0TY with a Companies House number of 03917691. It operated in the non-trading company sector, SIC Code 74990. Founded in February 2000, it's largest shareholder was stephen john racher with a 50% stake. The last turnover for Direct 2 Workwear Limited was estimated at £152.9k.

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Pomanda's financial health check has awarded Direct 2 Workwear Limited a 4.5 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

Health Rating4.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £152.9k, make it smaller than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (4.1%)

EXPORT

Direct 2 Workwear Limited's latest turnover from January 2019 is estimated at £152.9 thousand and the company has net assets of £23.8 thousand. According to their latest financial statements, Direct 2 Workwear Limited has 4 employees and maintains cash reserves of £11.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	152,935	163,703	142,177	70,570	116,476	71,140	76,007	119,013	84,653	113,701
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	125,882	134,735	117,355	58,362	95,877	58,502	63,484	99,774	70,445	95,480
Gross Profit	27,052	28,968	24,822	12,208	20,599	12,638	12,523	19,239	14,208	18,221
Admin Expenses	12,837	28,846	26,815	11,362	14,020	11,705	11,906	16,065	13,568	12,545
Operating Profit	14,215	122	-1,993	846	6,579	933	617	3,174	640	5,676
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	151	77	10	17	3	2	6	5	6	6
Pre-Tax Profit	14,365	199	-1,983	863	6,582	935	624	3,178	646	5,682
Tax	-2,729	-38	0	-172	-1,382	-215	-150	-826	-181	-1,591
Profit After Tax	11,636	161	-1,983	690	5,200	720	474	2,352	465	4,091
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	11,636	161	-1,983	690	5,200	720	474	2,352	465	4,091
Employee Costs	141,908	134,603	132,593	32,320	33,419	32,222	32,551	31,342	31,398	32,666
Number Of Employees	4	4	4	1	1	1	1	1	1	1
EBITDA*	14,215	209	-875	1,967	7,610	933	617	3,872	1,340	6,376

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	0	5	92	1,210	2,065	1	1	1	699	1,399
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	0	5	92	1,210	2,065	1	1	1	699	1,399
Stock & work in progress	0	3,514	3,496	4,763	5,198	6,497	6,322	7,655	8,264	8,375
Trade Debtors	27,059	30,168	35,207	19,437	32,890	19,475	20,253	31,448	21,108	26,922
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	11,569	28,617	2,029	5,633	1,036	291	641	1,915	0	2,361
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	38,628	62,299	40,732	29,833	39,124	26,263	27,216	41,018	29,372	37,658
total assets	38,628	62,304	40,824	31,043	41,189	26,264	27,217	41,019	30,071	39,057
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	14,820	50,131	9,523	16,535	27,452	18,160	19,833	34,109	25,425	34,744
Group/Directors Accounts	0	0	19,272	272	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	14,820	50,131	28,795	16,807	27,452	18,160	19,833	34,109	25,425	34,744
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	1	18	242	433	0	0	0	88	220
total long term liabilities	0	1	18	242	433	0	0	0	88	220
total liabilities	14,820	50,132	28,813	17,049	27,885	18,160	19,833	34,109	25,513	34,964
net assets	23,808	12,172	12,011	13,994	13,304	8,104	7,384	6,910	4,558	4,093
total shareholders funds	23,808	12,172	12,011	13,994	13,304	8,104	7,384	6,910	4,558	4,093

	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	14,215	122	-1,993	846	6,579	933	617	3,174	640	5,676
Depreciation	0	87	1,118	1,121	1,031	0	0	698	700	700
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-2,729	-38	0	-172	-1,382	-215	-150	-826	-181	-1,591
Stock	-3,514	18	-1,267	-435	-1,299	175	-1,333	-609	-111	8,375
Debtors	-3,109	-5,039	15,770	-13,453	13,415	-778	-11,195	10,340	-5,814	26,922
Creditors	-35,311	40,608	-7,012	-10,917	9,292	-1,673	-14,276	8,684	-9,319	34,744
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1	-17	-224	-191	433	0	0	-88	-132	220
Cash flow from operations	-17,203	45,783	-22,614	4,575	3,837	-352	-1,281	1,911	-2,367	4,452
Investing Activities
capital expenditure	5	0	0	-266	-3,095	0	0	0	0	-2,099
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5	0	0	-266	-3,095	0	0	0	0	-2,099
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-19,272	19,000	272	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	2
interest	151	77	10	17	3	2	6	5	6	6
cash flow from financing	151	-19,195	19,010	289	3	2	6	5	6	8
cash and cash equivalents
cash	-17,048	26,588	-3,604	4,597	745	-350	-1,274	1,915	-2,361	2,361
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-17,048	26,588	-3,604	4,597	745	-350	-1,274	1,915	-2,361	2,361

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 direct 2 workwear limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in SG4 area or any other competitors across 12 key performance metrics.

DIRECT 2 WORKWEAR LIMITED group structure

Direct 2 Workwear Limited has no subsidiary companies.

Ultimate parent company

DIRECT 2 WORKWEAR LIMITED

03917691

DIRECT 2 WORKWEAR LIMITED Shareholders

stephen john racher	50%
mr martin nicholas racher	50%

Direct 2 Workwear Limited currently has 2 directors. The longest serving directors include Mr Martin Racher (Feb 2000) and Mr Stephen Racher (Dec 2007).

officer	country	age	start	end	role
Mr Martin Racher	England	71 years	Feb 2000	-	Director
Mr Stephen Racher	England	68 years	Dec 2007	-	Director

P&L

January 2019

turnover

152.9k

-7%

operating profit

14.2k

gross margin

17.7%

-0.04%

turnover

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

Balance Sheet

January 2019

net assets

23.8k

+0.96%

total assets

38.6k

-0.38%

cash

11.6k

-0.6%

net assets

Total assets minus all liabilities

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company number

03917691

Type

Private limited with Share Capital

industry

74990 - Non-trading company

incorporation date

February 2000

ultimate parent company

None

previous names

direct 2 everything limited (February 2005)

address

71 knowl piece, wilbury way, hitchin, hertfordshire, SG4 0TY

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 did not find charges/mortgages relating to direct 2 workwear limited.

direct 2 workwear limited Company Information

direct 2 workwear limited Estimated Valuation

direct 2 workwear limited Estimated Valuation

direct 2 workwear limited Estimated Valuation

Direct 2 Workwear Limited Overview

Direct 2 Workwear Limited Health Check

DIRECT 2 WORKWEAR LIMITED financials

direct 2 workwear limited Credit Report and Business Information

Direct 2 Workwear Limited Competitor Analysis

direct 2 workwear limited Ownership

direct 2 workwear limited directors

direct 2 workwear limited company details

direct 2 workwear limited Charges & Mortgages

direct 2 workwear limited Companies House Filings - See Documents