gurmit retail limited
gurmit retail limited Company Information
Company Number
04223254
Registered Address
32a albion street, castleford, west yorkshire, WF10 1EN
Industry
Retail sale of clothing in specialised stores
Telephone
01977551907
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
jaswinder singh 50%
dalwinder singh 50%
gurmit retail limited Estimated Valuation
Pomanda estimates the enterprise value of GURMIT RETAIL LIMITED at £2.5m based on a Turnover of £7.9m and 0.31x industry multiple (adjusted for size and gross margin).
gurmit retail limited Estimated Valuation
Pomanda estimates the enterprise value of GURMIT RETAIL LIMITED at £1.6m based on an EBITDA of £533.3k and a 2.91x industry multiple (adjusted for size and gross margin).
gurmit retail limited Estimated Valuation
Pomanda estimates the enterprise value of GURMIT RETAIL LIMITED at £2.3m based on Net Assets of £810.5k and 2.84x industry multiple (adjusted for liquidity).
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Gurmit Retail Limited Overview
Gurmit Retail Limited is a live company located in west yorkshire, WF10 1EN with a Companies House number of 04223254. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in May 2001, it's largest shareholder is jaswinder singh with a 50% stake. Gurmit Retail Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.9m with rapid growth in recent years.
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Gurmit Retail Limited Health Check
Pomanda's financial health check has awarded Gurmit Retail Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £7.9m, make it in line with the average company (£8.8m)
- Gurmit Retail Limited
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 73%, show it is growing at a faster rate (1.4%)
- Gurmit Retail Limited
1.4% - Industry AVG
Production
with a gross margin of 16.6%, this company has a higher cost of product (50.8%)
- Gurmit Retail Limited
50.8% - Industry AVG
Profitability
an operating margin of 6.7% make it more profitable than the average company (4.6%)
- Gurmit Retail Limited
4.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (56)
3 - Gurmit Retail Limited
56 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
- Gurmit Retail Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £2.6m, this is more efficient (£150.4k)
- Gurmit Retail Limited
£150.4k - Industry AVG
Debtor Days
it gets paid by customers after 129 days, this is later than average (14 days)
- Gurmit Retail Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 214 days, this is slower than average (41 days)
- Gurmit Retail Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (139 days)
- Gurmit Retail Limited
139 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (13 weeks)
14 weeks - Gurmit Retail Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a similar level of debt than the average (76.6%)
77.8% - Gurmit Retail Limited
76.6% - Industry AVG
GURMIT RETAIL LIMITED financials
Gurmit Retail Limited's latest turnover from December 2022 is estimated at £7.9 million and the company has net assets of £810.5 thousand. According to their latest financial statements, Gurmit Retail Limited has 3 employees and maintains cash reserves of £814.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 486,699 | 835,165 | ||||||||||||
| Other Income Or Grants | 0 | 0 | ||||||||||||
| Cost Of Sales | 133,912 | 622,887 | ||||||||||||
| Gross Profit | 1,315,947 | 901,312 | 427,478 | 146,782 | 352,787 | 212,278 | ||||||||
| Admin Expenses | 782,638 | 377,825 | 286,294 | 44,226 | 306,245 | 211,797 | ||||||||
| Operating Profit | 533,309 | 523,487 | 141,184 | 102,556 | 46,542 | 481 | ||||||||
| Interest Payable | 0 | 616 | 4,855 | 4,000 | 3,105 | 6,040 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | 533,309 | 522,871 | 136,329 | 106,556 | 43,437 | -5,559 | ||||||||
| Tax | -101,329 | -99,345 | 28 | 0 | 0 | 0 | ||||||||
| Profit After Tax | 431,980 | 423,526 | 136,357 | 106,556 | 43,437 | -5,559 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Retained Profit | 431,980 | 423,526 | 136,357 | 106,556 | 43,437 | -5,559 | ||||||||
| Employee Costs | 101,698 | 87,424 | ||||||||||||
| Number Of Employees | 3 | 3 | 3 | 7 | 10 | 10 | 10 | |||||||
| EBITDA* | 533,309 | 523,487 | 146,579 | 109,701 | 52,974 | 6,913 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1 | 1 | 1 | 1 | 5,366 | 10,761 | 17,906 | 24,338 | 30,458 | 33,819 | 25,499 | 7,332 | 113 | 2,135 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,800 | 12,800 | 25,600 | 38,400 | 51,200 |
| 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 | 1 | 1 | 1 | 1 | 5,366 | 10,761 | 17,906 | 24,338 | 30,458 | 46,619 | 38,299 | 32,932 | 38,513 | 53,335 |
| Stock & work in progress | 7,150 | 6,500 | 5,020 | 15,000 | 26,000 | 0 | 740,521 | 787,479 | 798,000 | 797,344 | 562,344 | 232,344 | 712,344 | 175,000 |
| Trade Debtors | 2,821,131 | 1,751,693 | 1,747,280 | 249,350 | 1,312,627 | 1,140,670 | 293,783 | 239,041 | 223,784 | 189,974 | 656,902 | 584,075 | 903,213 | 405,357 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 982,270 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 814,790 | 319,931 | 46,023 | 322,656 | 211,140 | 0 | 38,403 | 37,497 | 186,005 | 205,040 | 324,061 | 166,220 | 14,342 | 101,097 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 4,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,643,071 | 2,078,124 | 1,798,323 | 1,569,276 | 1,549,767 | 1,144,870 | 1,072,707 | 1,064,017 | 1,207,789 | 1,192,358 | 1,543,307 | 982,639 | 1,629,899 | 681,454 |
| total assets | 3,643,072 | 2,078,125 | 1,798,324 | 1,569,277 | 1,555,133 | 1,155,631 | 1,090,613 | 1,088,355 | 1,238,247 | 1,238,977 | 1,581,606 | 1,015,571 | 1,668,412 | 734,789 |
| Bank overdraft | 0 | 0 | 0 | 98,882 | 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 | 2,832,603 | 1,662,416 | 1,793,361 | 1,268,028 | 1,691,509 | 1,392,274 | 1,256,790 | 1,297,969 | 1,442,302 | 1,238,185 | 1,581,062 | 1,012,746 | 1,663,880 | 693,386 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 34,874 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 268,746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,832,603 | 1,662,416 | 1,793,361 | 1,635,656 | 1,691,509 | 1,427,148 | 1,256,790 | 1,297,969 | 1,442,302 | 1,238,185 | 1,581,062 | 1,012,746 | 1,663,880 | 693,386 |
| 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 | 1,216 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 37,220 | 50,000 | 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 | 0 | 37,220 | 50,000 | 0 | 0 | 1,216 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,832,603 | 1,699,636 | 1,843,361 | 1,635,656 | 1,691,509 | 1,428,364 | 1,256,790 | 1,297,969 | 1,442,302 | 1,238,185 | 1,581,062 | 1,012,746 | 1,663,880 | 693,386 |
| net assets | 810,469 | 378,489 | -45,037 | -66,379 | -136,376 | -272,733 | -166,177 | -209,614 | -204,055 | 792 | 544 | 2,825 | 4,532 | 41,403 |
| total shareholders funds | 810,469 | 378,489 | -45,037 | -66,379 | -136,376 | -272,733 | -166,177 | -209,614 | -204,055 | 792 | 544 | 2,825 | 4,532 | 41,403 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 533,309 | 523,487 | 141,184 | 102,556 | 46,542 | 481 | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 5,395 | 7,145 | 6,432 | 6,432 | 7,736 | 7,080 | 5,649 | 1,910 | 2,822 | 2,702 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,800 | 0 | 12,800 | 12,800 | 12,800 | 12,800 |
| Tax | -101,329 | -99,345 | 28 | 0 | 0 | 0 | ||||||||
| Stock | 650 | 1,480 | -9,980 | -11,000 | 26,000 | -740,521 | -46,958 | -10,521 | 656 | 235,000 | 330,000 | -480,000 | 537,344 | 175,000 |
| Debtors | 1,069,438 | 4,413 | 515,660 | -81,007 | 171,957 | 846,887 | 54,742 | 15,257 | 33,810 | -466,928 | 72,827 | -319,138 | 497,856 | 405,357 |
| Creditors | 1,170,187 | -130,945 | 525,333 | -423,481 | 299,235 | 135,484 | -41,179 | -144,333 | 204,117 | -342,877 | 568,316 | -651,134 | 970,494 | 693,386 |
| Accruals and Deferred Income | 0 | 0 | -268,746 | 268,746 | -1,216 | 1,216 | 0 | 0 | 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 | 532,079 | 287,304 | 246,669 | 140,035 | 4,011 | -142,156 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -34,874 | 34,874 | 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 |
| 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 | -37,220 | -12,780 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | -616 | -4,855 | -4,000 | -3,105 | -6,040 | ||||||||
| cash flow from financing | -37,220 | -13,396 | -39,729 | -182,238 | -3,105 | -6,040 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 494,859 | 273,908 | -276,633 | 111,516 | 211,140 | -38,403 | 906 | -148,508 | -19,035 | -119,021 | 157,841 | 151,878 | -86,755 | 101,097 |
| overdraft | 0 | 0 | -98,882 | 98,882 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 494,859 | 273,908 | -177,751 | 12,634 | 211,140 | -38,403 | 906 | -148,508 | -19,035 | -119,021 | 157,841 | 151,878 | -86,755 | 101,097 |
gurmit retail limited Credit Report and Business Information
Gurmit Retail Limited Competitor Analysis
Perform a competitor analysis for gurmit retail limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gurmit retail limited Ownership
GURMIT RETAIL LIMITED group structure
Gurmit Retail Limited has no subsidiary companies.
Ultimate parent company
GURMIT RETAIL LIMITED
04223254
gurmit retail limited directors
Gurmit Retail Limited currently has 2 directors. The longest serving directors include Mr Jaswinder Singh (May 2001) and Mr Dalwinder Singh (May 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jaswinder Singh | England | 49 years | May 2001 | - | Director |
| Mr Dalwinder Singh | England | 44 years | May 2001 | - | Director |
P&L
December 2022turnover
7.9m
+82%
operating profit
533.3k
+2%
gross margin
16.6%
-19.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
810.5k
+1.14%
total assets
3.6m
+0.75%
cash
814.8k
+1.55%
net assets
Total assets minus all liabilities
Similar Companies
gurmit retail limited company details
company number
04223254
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
May 2001
age
23
accounts
Unaudited Abridged
ultimate parent company
previous names
denim house clothing company ltd. (June 2003)
incorporated
UK
address
32a albion street, castleford, west yorkshire, WF10 1EN
last accounts submitted
December 2022
gurmit retail 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 3 charges/mortgages relating to gurmit retail limited. Currently there are 2 open charges and 1 have been satisfied in the past.
gurmit retail limited Companies House Filings - See Documents
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