the factory shop limited
the factory shop limited Company Information
Company Number
04176887
Next Accounts
73 days late
Shareholders
factory shop group ltd
Group Structure
View All
Industry
Other retail sale in non-specialised stores
Registered Address
the factory shop ltd, orient business park, billington road, burnley, east lancashire, BB11 5UB
the factory shop limited Estimated Valuation
Pomanda estimates the enterprise value of THE FACTORY SHOP LIMITED at £114.4m based on a Turnover of £118.8m and 0.96x industry multiple (adjusted for size and gross margin).
the factory shop limited Estimated Valuation
Pomanda estimates the enterprise value of THE FACTORY SHOP LIMITED at £41.3m based on an EBITDA of £4.4m and a 9.29x industry multiple (adjusted for size and gross margin).
the factory shop limited Estimated Valuation
Pomanda estimates the enterprise value of THE FACTORY SHOP LIMITED at £39.3m based on Net Assets of £12.6m and 3.11x industry multiple (adjusted for liquidity).
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The Factory Shop Limited Overview
The Factory Shop Limited is a live company located in billington road, burnley, BB11 5UB with a Companies House number of 04176887. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in March 2001, it's largest shareholder is factory shop group ltd with a 100% stake. The Factory Shop Limited is a mature, mega sized company, Pomanda has estimated its turnover at £118.8m with declining growth in recent years.
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The Factory Shop Limited Health Check
Pomanda's financial health check has awarded The Factory Shop Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £118.8m, make it larger than the average company (£945k)
£118.8m - The Factory Shop Limited
£945k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (1.9%)
-4% - The Factory Shop Limited
1.9% - Industry AVG
Production
with a gross margin of 50.1%, this company has a comparable cost of product (44.4%)
50.1% - The Factory Shop Limited
44.4% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (5.5%)
0.6% - The Factory Shop Limited
5.5% - Industry AVG
Employees
with 1877 employees, this is above the industry average (26)
1877 - The Factory Shop Limited
26 - Industry AVG
Pay Structure
on an average salary of £13.7k, the company has a lower pay structure (£19.2k)
£13.7k - The Factory Shop Limited
£19.2k - Industry AVG
Efficiency
resulting in sales per employee of £63.3k, this is less efficient (£91k)
£63.3k - The Factory Shop Limited
£91k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (11 days)
1 days - The Factory Shop Limited
11 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (35 days)
63 days - The Factory Shop Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 127 days, this is more than average (86 days)
127 days - The Factory Shop Limited
86 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (27 weeks)
5 weeks - The Factory Shop Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.7%, this is a higher level of debt than the average (70.1%)
88.7% - The Factory Shop Limited
70.1% - Industry AVG
THE FACTORY SHOP LIMITED financials
The Factory Shop Limited's latest turnover from March 2023 is £118.8 million and the company has net assets of £12.6 million. According to their latest financial statements, The Factory Shop Limited has 1,877 employees and maintains cash reserves of £9.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 118,762,000 | 124,409,000 | 92,088,000 | 132,206,000 | 160,845,000 | 184,539,000 | 191,640,000 | 184,496,000 | 174,334,000 | 162,984,000 | 161,996,000 | 149,472,000 | 136,092,000 | 116,853,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 59,247,000 | 63,947,000 | 49,867,000 | 72,213,000 | 91,136,000 | 106,127,000 | 111,967,000 | 101,028,000 | 96,066,000 | 90,306,000 | 87,582,000 | 83,206,000 | 72,322,000 | 60,610,000 |
| Gross Profit | 59,515,000 | 60,462,000 | 42,221,000 | 59,993,000 | 69,709,000 | 78,412,000 | 79,673,000 | 83,468,000 | 78,268,000 | 72,678,000 | 74,414,000 | 66,266,000 | 63,770,000 | 56,243,000 |
| Admin Expenses | 58,846,000 | 56,757,000 | 50,902,000 | 60,052,000 | 79,074,000 | 94,134,000 | 82,288,000 | 75,624,000 | 71,097,000 | 69,991,000 | 64,675,000 | 59,055,000 | 52,992,000 | 43,289,000 |
| Operating Profit | 669,000 | 3,705,000 | -8,681,000 | -59,000 | -9,365,000 | -15,722,000 | -2,615,000 | 7,844,000 | 7,171,000 | 2,687,000 | 9,739,000 | 7,211,000 | 10,778,000 | 12,954,000 |
| Interest Payable | 2,569,000 | 2,311,000 | 1,755,000 | 1,579,000 | 1,441,000 | 1,344,000 | 1,829,000 | 645,000 | 1,583,000 | 1,371,000 | 1,187,000 | 1,028,000 | 924,000 | |
| Interest Receivable | 155,000 | 4,000 | 37,000 | 38,000 | 288,000 | 18,000 | 12,000 | 5,000 | 10,000 | 7,000 | ||||
| Pre-Tax Profit | -1,745,000 | 1,460,000 | -5,156,000 | -1,601,000 | -10,768,000 | -17,066,000 | -2,327,000 | 6,015,000 | 6,526,000 | 1,122,000 | 8,380,000 | 6,029,000 | 9,760,000 | 12,037,000 |
| Tax | -287,000 | 162,000 | -1,053,000 | -1,069,000 | 33,000 | -968,000 | -1,267,000 | -1,766,000 | -1,651,000 | |||||
| Profit After Tax | -1,745,000 | 1,460,000 | -5,156,000 | -1,601,000 | -10,768,000 | -17,353,000 | -2,165,000 | 4,962,000 | 5,457,000 | 1,155,000 | 7,412,000 | 4,762,000 | 7,994,000 | 10,386,000 |
| Dividends Paid | ||||||||||||||
| Retained Profit | -1,745,000 | 1,460,000 | -5,156,000 | -1,601,000 | -10,768,000 | -17,353,000 | -2,165,000 | 4,962,000 | 5,457,000 | 1,155,000 | 7,412,000 | 4,762,000 | 7,994,000 | 10,386,000 |
| Employee Costs | 25,690,000 | 25,122,000 | 19,867,000 | 26,012,000 | 30,119,000 | 32,163,000 | 33,226,000 | 31,174,000 | 29,596,000 | 28,754,000 | 27,789,000 | 24,742,000 | 21,580,000 | 17,774,000 |
| Number Of Employees | 1,877 | 1,936 | 1,882 | 2,020 | 2,447 | 2,800 | 2,819 | 2,808 | 2,819 | 2,816 | 2,779 | 2,686 | 2,299 | 1,852 |
| EBITDA* | 4,444,000 | 8,079,000 | -4,757,000 | 5,139,000 | -1,236,000 | -8,097,000 | 4,937,000 | 13,961,000 | 11,682,000 | 6,701,000 | 13,125,000 | 10,248,000 | 13,339,000 | 14,931,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,031,000 | 7,317,000 | 8,059,000 | 11,618,000 | 14,591,000 | 20,915,000 | 26,914,000 | 28,032,000 | 22,824,000 | 19,028,000 | 18,602,000 | 17,382,000 | 16,875,000 | 12,478,000 |
| Intangible Assets | 1,001,000 | 1,173,000 | 1,350,000 | 1,525,000 | 1,700,000 | 1,875,000 | 2,050,000 | 2,225,000 | ||||||
| Investments & Other | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 | 2,736,000 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 8,767,000 | 10,053,000 | 10,795,000 | 14,354,000 | 17,327,000 | 23,651,000 | 30,651,000 | 31,941,000 | 26,910,000 | 23,289,000 | 23,038,000 | 21,993,000 | 21,661,000 | 17,439,000 |
| Stock & work in progress | 20,631,000 | 19,880,000 | 16,582,000 | 22,436,000 | 24,106,000 | 30,594,000 | 35,899,000 | 34,133,000 | 28,758,000 | 28,163,000 | 29,926,000 | 31,391,000 | 27,445,000 | 20,148,000 |
| Trade Debtors | 341,000 | 217,000 | 476,000 | 334,000 | ||||||||||
| Group Debtors | 68,898,000 | 68,641,000 | 57,353,000 | 55,931,000 | 54,457,000 | 61,432,000 | 42,292,000 | 42,292,000 | 42,292,000 | 42,292,000 | 42,292,000 | 42,291,000 | 42,291,000 | 42,292,000 |
| Misc Debtors | 2,681,000 | 3,087,000 | 2,397,000 | 1,674,000 | 2,447,000 | 6,570,000 | 5,279,000 | 4,979,000 | 5,203,000 | 3,610,000 | 3,157,000 | 1,868,000 | 3,140,000 | 2,905,000 |
| Cash | 9,849,000 | 11,255,000 | 15,134,000 | 8,922,000 | 4,604,000 | 4,145,000 | 5,179,000 | 8,783,000 | 10,000,000 | 9,467,000 | 9,754,000 | 8,572,000 | 10,302,000 | 8,661,000 |
| misc current assets | ||||||||||||||
| total current assets | 102,400,000 | 103,080,000 | 91,942,000 | 89,297,000 | 85,614,000 | 102,741,000 | 88,649,000 | 90,187,000 | 86,253,000 | 83,532,000 | 85,129,000 | 84,122,000 | 83,178,000 | 74,006,000 |
| total assets | 111,167,000 | 113,133,000 | 102,737,000 | 103,651,000 | 102,941,000 | 126,392,000 | 119,300,000 | 122,128,000 | 113,163,000 | 106,821,000 | 108,167,000 | 106,115,000 | 104,839,000 | 91,445,000 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 10,335,000 | 9,346,000 | 7,726,000 | 7,326,000 | 6,263,000 | 14,364,000 | 15,373,000 | 19,365,000 | 19,675,000 | 19,280,000 | 15,829,000 | 21,278,000 | 20,346,000 | 14,767,000 |
| Group/Directors Accounts | 54,303,000 | 54,303,000 | 54,304,000 | 54,303,000 | 60,551,000 | 59,102,000 | 39,542,000 | 40,565,000 | 36,724,000 | 38,299,000 | 41,786,000 | 42,436,000 | 46,385,000 | 48,043,000 |
| other short term finances | 18,091,000 | 16,090,000 | 14,249,000 | 12,556,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 | 4,750,000 |
| hp & lease commitments | ||||||||||||||
| other current liabilities | 6,680,000 | 10,236,000 | 10,843,000 | 8,852,000 | 8,920,000 | 14,192,000 | 11,896,000 | 7,486,000 | 6,947,000 | 4,708,000 | 6,924,000 | 6,086,000 | 6,521,000 | 5,265,000 |
| total current liabilities | 89,409,000 | 89,975,000 | 87,122,000 | 83,037,000 | 80,484,000 | 92,408,000 | 71,561,000 | 72,166,000 | 68,096,000 | 67,037,000 | 69,289,000 | 74,550,000 | 78,002,000 | 72,825,000 |
| loans | 5,700,000 | 5,900,000 | ||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 3,452,000 | 2,907,000 | 2,724,000 | 2,567,000 | 2,809,000 | 3,568,000 | 83,000 | 150,000 | 269,000 | 517,000 | 616,000 | 650,000 | 427,000 | |
| total long term liabilities | 9,152,000 | 8,807,000 | 2,724,000 | 2,567,000 | 2,809,000 | 3,568,000 | 83,000 | 150,000 | 269,000 | 517,000 | 616,000 | 650,000 | 427,000 | |
| total liabilities | 98,561,000 | 98,782,000 | 89,846,000 | 85,604,000 | 83,293,000 | 95,976,000 | 71,561,000 | 72,249,000 | 68,246,000 | 67,306,000 | 69,806,000 | 75,166,000 | 78,652,000 | 73,252,000 |
| net assets | 12,606,000 | 14,351,000 | 12,891,000 | 18,047,000 | 19,648,000 | 30,416,000 | 47,739,000 | 49,879,000 | 44,917,000 | 39,515,000 | 38,361,000 | 30,949,000 | 26,187,000 | 18,193,000 |
| total shareholders funds | 12,606,000 | 14,351,000 | 12,891,000 | 18,047,000 | 19,648,000 | 30,416,000 | 47,739,000 | 49,879,000 | 44,917,000 | 39,515,000 | 38,361,000 | 30,949,000 | 26,187,000 | 18,193,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 669,000 | 3,705,000 | -8,681,000 | -59,000 | -9,365,000 | -15,722,000 | -2,615,000 | 7,844,000 | 7,171,000 | 2,687,000 | 9,739,000 | 7,211,000 | 10,778,000 | 12,954,000 |
| Depreciation | 3,775,000 | 4,374,000 | 3,924,000 | 5,198,000 | 8,129,000 | 7,450,000 | 7,380,000 | 5,940,000 | 4,336,000 | 3,839,000 | 3,211,000 | 2,862,000 | 2,386,000 | 1,802,000 |
| Amortisation | 175,000 | 172,000 | 177,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | |||||
| Tax | -287,000 | 162,000 | -1,053,000 | -1,069,000 | 33,000 | -968,000 | -1,267,000 | -1,766,000 | -1,651,000 | |||||
| Stock | 751,000 | 3,298,000 | -5,854,000 | -1,670,000 | -6,488,000 | -5,305,000 | 1,766,000 | 5,375,000 | 595,000 | -1,763,000 | -1,465,000 | 3,946,000 | 7,297,000 | 20,148,000 |
| Debtors | -25,000 | 11,719,000 | 2,287,000 | 1,035,000 | -11,098,000 | 20,431,000 | 300,000 | -224,000 | 1,593,000 | 453,000 | 1,290,000 | -1,272,000 | 234,000 | 45,197,000 |
| Creditors | 989,000 | 1,620,000 | 400,000 | 1,063,000 | -8,101,000 | -1,009,000 | -3,992,000 | -310,000 | 395,000 | 3,451,000 | -5,449,000 | 932,000 | 5,579,000 | 14,767,000 |
| Accruals and Deferred Income | -3,556,000 | -607,000 | 1,991,000 | -68,000 | -5,272,000 | 2,296,000 | 4,410,000 | 539,000 | 2,239,000 | -2,216,000 | 838,000 | -435,000 | 1,256,000 | 5,265,000 |
| Deferred Taxes & Provisions | 545,000 | 183,000 | 157,000 | -242,000 | -759,000 | 3,568,000 | -83,000 | -67,000 | -119,000 | -248,000 | -99,000 | -34,000 | 223,000 | 427,000 |
| Cash flow from operations | 1,696,000 | -5,742,000 | 1,358,000 | 6,527,000 | 2,218,000 | -18,655,000 | 3,368,000 | 7,919,000 | 10,940,000 | 9,031,000 | 7,622,000 | 6,770,000 | 11,100,000 | -31,606,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 2,736,000 | |||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -1,000 | 1,000 | -6,248,000 | 1,449,000 | 19,560,000 | -1,023,000 | 3,841,000 | -1,575,000 | -3,487,000 | -650,000 | -3,949,000 | -1,658,000 | 48,043,000 | |
| Other Short Term Loans | 2,001,000 | 1,841,000 | 1,693,000 | 7,806,000 | 4,750,000 | |||||||||
| Long term loans | -200,000 | 5,900,000 | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -2,414,000 | -2,307,000 | -1,755,000 | -1,542,000 | -1,403,000 | -1,344,000 | 288,000 | -1,829,000 | -645,000 | -1,565,000 | -1,359,000 | -1,182,000 | -1,018,000 | -917,000 |
| cash flow from financing | -613,000 | 5,433,000 | -61,000 | 16,000 | 46,000 | 18,246,000 | -710,000 | 2,012,000 | -2,275,000 | -5,053,000 | -2,009,000 | -5,131,000 | -2,676,000 | 59,683,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,406,000 | -3,879,000 | 6,212,000 | 4,318,000 | 459,000 | -1,034,000 | -3,604,000 | -1,217,000 | 533,000 | -287,000 | 1,182,000 | -1,730,000 | 1,641,000 | 8,661,000 |
| overdraft | ||||||||||||||
| change in cash | -1,406,000 | -3,879,000 | 6,212,000 | 4,318,000 | 459,000 | -1,034,000 | -3,604,000 | -1,217,000 | 533,000 | -287,000 | 1,182,000 | -1,730,000 | 1,641,000 | 8,661,000 |
the factory shop limited Credit Report and Business Information
The Factory Shop Limited Competitor Analysis
Perform a competitor analysis for the factory shop limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in BB11 area or any other competitors across 12 key performance metrics.
the factory shop limited Ownership
THE FACTORY SHOP LIMITED group structure
The Factory Shop Limited has 1 subsidiary company.
Ultimate parent company
2 parents
THE FACTORY SHOP LIMITED
04176887
1 subsidiary
the factory shop limited directors
The Factory Shop Limited currently has 4 directors. The longest serving directors include Mr Ian Williams (Feb 2019) and Mrs Tracy Ford (Jan 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Williams | 52 years | Feb 2019 | - | Director | |
| Mrs Tracy Ford | 49 years | Jan 2024 | - | Director | |
| Ms Joanne Robinson | 57 years | Aug 2024 | - | Director | |
| Mr Michael Williamson | 53 years | Sep 2024 | - | Director |
P&L
March 2023turnover
118.8m
-5%
operating profit
669k
-82%
gross margin
50.2%
+3.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
12.6m
-0.12%
total assets
111.2m
-0.02%
cash
9.8m
-0.12%
net assets
Total assets minus all liabilities
the factory shop limited company details
company number
04176887
Type
Private limited with Share Capital
industry
47190 - Other retail sale in non-specialised stores
incorporation date
March 2001
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
pound town limited (August 2003)
monomade limited (May 2001)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
the factory shop ltd, orient business park, billington road, burnley, east lancashire, BB11 5UB
Bank
-
Legal Advisor
-
the factory shop 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 11 charges/mortgages relating to the factory shop limited. Currently there are 3 open charges and 8 have been satisfied in the past.
the factory shop 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.
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the factory shop limited Companies House Filings - See Documents
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