carringtons formal wear limited

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carringtons formal wear limited Company Information

Share CARRINGTONS FORMAL WEAR LIMITED
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Company Number

04499748

Registered Address

lynwood house, 373-375 station road, harrow, middlesex, HA1 2AW

Industry

Retail sale of clothing in specialised stores

 

Telephone

02084211111

Next Accounts Due

September 2025

Group Structure

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Directors

Gerald Bratt22 Years

Shareholders

karen alison bratt 50%

gerald bratt 50%

carringtons formal wear limited Estimated Valuation

£200.7k

Pomanda estimates the enterprise value of CARRINGTONS FORMAL WEAR LIMITED at £200.7k based on a Turnover of £579.6k and 0.35x industry multiple (adjusted for size and gross margin).

carringtons formal wear limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CARRINGTONS FORMAL WEAR LIMITED at £0 based on an EBITDA of £-9.4k and a 3.31x industry multiple (adjusted for size and gross margin).

carringtons formal wear limited Estimated Valuation

£47.3k

Pomanda estimates the enterprise value of CARRINGTONS FORMAL WEAR LIMITED at £47.3k based on Net Assets of £16.6k and 2.84x industry multiple (adjusted for liquidity).

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Carringtons Formal Wear Limited Overview

Carringtons Formal Wear Limited is a live company located in harrow, HA1 2AW with a Companies House number of 04499748. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in July 2002, it's largest shareholder is karen alison bratt with a 50% stake. Carringtons Formal Wear Limited is a mature, small sized company, Pomanda has estimated its turnover at £579.6k with healthy growth in recent years.

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Carringtons Formal Wear Limited Health Check

Pomanda's financial health check has awarded Carringtons Formal Wear Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £579.6k, make it smaller than the average company (£12m)

£579.6k - Carringtons Formal Wear Limited

£12m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.9%)

9% - Carringtons Formal Wear Limited

7.9% - Industry AVG

production

Production

with a gross margin of 36.9%, this company has a higher cost of product (51.5%)

36.9% - Carringtons Formal Wear Limited

51.5% - Industry AVG

profitability

Profitability

an operating margin of -1.6% make it less profitable than the average company (4.7%)

-1.6% - Carringtons Formal Wear Limited

4.7% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (65)

5 - Carringtons Formal Wear Limited

65 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.9k, the company has an equivalent pay structure (£27.9k)

£27.9k - Carringtons Formal Wear Limited

£27.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £115.9k, this is less efficient (£169.3k)

£115.9k - Carringtons Formal Wear Limited

£169.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is later than average (12 days)

67 days - Carringtons Formal Wear Limited

12 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 62 days, this is slower than average (37 days)

62 days - Carringtons Formal Wear Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Carringtons Formal Wear Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Carringtons Formal Wear Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 85.1%, this is a higher level of debt than the average (73.4%)

85.1% - Carringtons Formal Wear Limited

73.4% - Industry AVG

CARRINGTONS FORMAL WEAR LIMITED financials

EXPORTms excel logo

Carringtons Formal Wear Limited's latest turnover from December 2023 is estimated at £579.6 thousand and the company has net assets of £16.6 thousand. According to their latest financial statements, Carringtons Formal Wear Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover579,637658,884563,222448,457375,553183,084225,085282,736291,99079,852176,612172,371169,068150,7990
Other Income Or Grants000000000000000
Cost Of Sales365,833399,785354,668276,513228,939113,363145,924179,088181,60250,174110,134107,187105,82995,0690
Gross Profit213,804259,100208,554171,943146,61569,72179,162103,647110,38829,67866,47865,18463,23955,7310
Admin Expenses223,208249,433186,690174,777160,87997,05784,40798,220111,44539,86956,62985,40972,59057,760-110,931
Operating Profit-9,4049,66721,864-2,834-14,264-27,336-5,2455,427-1,057-10,1919,849-20,225-9,351-2,029110,931
Interest Payable000000000000000
Interest Receivable000036473951180170121153188203108
Pre-Tax Profit-9,4049,66721,864-2,834-14,228-27,289-5,2065,479-877-10,0219,970-20,072-9,163-1,826111,039
Tax0-1,837-4,1540000-1,09600-2,293000-31,091
Profit After Tax-9,4047,83017,710-2,834-14,228-27,289-5,2064,383-877-10,0217,677-20,072-9,163-1,82679,948
Dividends Paid000000000000000
Retained Profit-9,4047,83017,710-2,834-14,228-27,289-5,2064,383-877-10,0217,677-20,072-9,163-1,82679,948
Employee Costs139,545134,721129,791122,841101,611125,703162,996151,882149,37821,89920,77520,87920,60520,3670
Number Of Employees555545777111110
EBITDA*-9,4049,66721,864-2,834-14,264-26,312-3,9486,948875-9,16211,028-18,530-7,331-49112,977

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,0604,0012,3792,7953,4434,2565,2806,2027,7235,3556,3847,0988,79310,81310,848
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets4,0604,0012,3792,7953,4434,2565,2806,2027,7235,3556,3847,0988,79310,81310,848
Stock & work in progress0000066,37273,21860,00047,00030,00035,00035,00035,00029,50025,000
Trade Debtors107,409155,108156,70696,22767,7261,169771007,78727,08225,87928,21828,06027,626
Group Debtors000000000000000
Misc Debtors0000010,5918,93613,2598,004000000
Cash000009,6902,82012,63228,54443,35824,46623,81237,22537,84343,357
misc current assets000000000000000
total current assets107,409155,108156,70696,22767,72687,82285,74585,89183,54881,14586,54884,691100,44395,40395,983
total assets111,469159,109159,08599,02271,16992,07891,02592,09391,27186,50092,93291,789109,236106,216106,831
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 62,97895,33298,46848,53067,84323,42018,64821,11520,32338,95735,36841,90239,27727,09425,883
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities0000049,48825,67819,92924,282000000
total current liabilities62,97895,33298,46848,53067,84372,90844,32641,04444,60538,95735,36841,90239,27727,09425,883
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities31,86337,74542,41550,00000000000000
provisions0000061685600000000
total long term liabilities31,86337,74542,41550,000061685600000000
total liabilities94,841133,077140,88398,53067,84373,52445,18241,04444,60538,95735,36841,90239,27727,09425,883
net assets16,62826,03218,2024923,32618,55445,84351,04946,66647,54357,56449,88769,95979,12280,948
total shareholders funds16,62826,03218,2024923,32618,55445,84351,04946,66647,54357,56449,88769,95979,12280,948
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-9,4049,66721,864-2,834-14,264-27,336-5,2455,427-1,057-10,1919,849-20,225-9,351-2,029110,931
Depreciation000001,0241,2971,5211,9321,0291,1791,6952,0201,9802,046
Amortisation000000000000000
Tax0-1,837-4,1540000-1,09600-2,293000-31,091
Stock0000-66,372-6,84613,21813,00017,000-5,000005,5004,50025,000
Debtors-47,699-1,59860,47928,50155,9662,053-3,5525,255217-19,2951,203-2,33915843427,626
Creditors-32,354-3,13649,938-19,31344,4234,772-2,467792-18,6343,589-6,5342,62512,1831,21125,883
Accruals and Deferred Income0000-49,48823,8105,749-4,35324,282000000
Deferred Taxes & Provisions0000-616-24085600000000
Cash flow from operations5,9416,2927,169-50,648-9,5396,823-9,476-15,964-10,69418,722998-13,566-806-3,77255,143
Investing Activities
capital expenditure-59-1,6224166488130-3750-4,3000-46500-1,945-12,894
Change in Investments000000000000000
cash flow from investments-59-1,6224166488130-3750-4,3000-46500-1,945-12,894
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-5,882-4,670-7,58550,00000000000000
share issue0000-1,0000000000001,000
interest000036473951180170121153188203108
cash flow from financing-5,882-4,670-7,58550,000-9644739511801701211531882031,108
cash and cash equivalents
cash0000-9,6906,870-9,812-15,912-14,81418,892654-13,413-618-5,51443,357
overdraft000000000000000
change in cash0000-9,6906,870-9,812-15,912-14,81418,892654-13,413-618-5,51443,357

carringtons formal wear limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Carringtons Formal Wear Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for carringtons formal wear limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HA1 area or any other competitors across 12 key performance metrics.

carringtons formal wear limited Ownership

CARRINGTONS FORMAL WEAR LIMITED group structure

Carringtons Formal Wear Limited has no subsidiary companies.

Ultimate parent company

CARRINGTONS FORMAL WEAR LIMITED

04499748

CARRINGTONS FORMAL WEAR LIMITED Shareholders

karen alison bratt 50%
gerald bratt 50%

carringtons formal wear limited directors

Carringtons Formal Wear Limited currently has 1 director, Mr Gerald Bratt serving since Jul 2002.

officercountryagestartendrole
Mr Gerald BrattEngland66 years Jul 2002- Director

P&L

December 2023

turnover

579.6k

-12%

operating profit

-9.4k

0%

gross margin

36.9%

-6.2%

turnover

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

Balance Sheet

December 2023

net assets

16.6k

-0.36%

total assets

111.5k

-0.3%

cash

0

0%

net assets

Total assets minus all liabilities

carringtons formal wear limited company details

company number

04499748

Type

Private limited with Share Capital

industry

47710 - Retail sale of clothing in specialised stores

incorporation date

July 2002

age

22

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

lynwood house, 373-375 station road, harrow, middlesex, HA1 2AW

Bank

-

Legal Advisor

-

carringtons formal wear 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 1 charges/mortgages relating to carringtons formal wear limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

carringtons formal wear limited Companies House Filings - See Documents

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