Socks Direct Limited

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socks direct limited Company Information

Live

MatureSmallDeclining

Company Number

04562003

Next Accounts

Jul 2025

Industry

Wholesale of clothing and footwear

Directors

Jaweed Mirza

Khayam Mirza

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Shareholders

jaweed ali mirza

mahayno mirza

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Group Structure

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Contact

Registered Address

ciba building hagley road, birmingham, B16 9NX

Website

www.socksdirect.com

socks direct limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of SOCKS DIRECT LIMITED at £1.5m based on Net Assets of £679.3k and 2.18x industry multiple (adjusted for liquidity).

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Socks Direct Limited is a live company located in birmingham, B16 9NX with a Companies House number of 04562003. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in October 2002, it's largest shareholder is jaweed ali mirza with a 34% stake. Socks Direct Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Socks Direct Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£15.6m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.3%)

EXPORT

Socks Direct Limited's latest turnover from October 2023 is estimated at £1.5 million and the company has net assets of £679.3 thousand. According to their latest financial statements, Socks Direct Limited has 3 employees and maintains cash reserves of £485.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,536,339	1,693,110	3,204,582	2,515,849	1,939,739	2,001,940	1,643,959	2,473,896	1,917,847	1,951,511	1,799,287	2,064,660	1,784,254	2,358,593	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,056,830	1,145,189	2,208,195	1,751,503	1,347,976	1,411,382	1,153,868	1,741,982	1,352,540	1,344,811	1,242,662	1,431,171	1,259,828	1,618,125	0
Gross Profit	479,510	547,921	996,387	764,346	591,763	590,558	490,090	731,913	565,307	606,700	556,626	633,489	524,426	740,467	0
Admin Expenses	447,286	499,243	899,930	603,709	548,406	680,168	570,501	791,346	628,450	614,043	519,633	588,683	493,175	553,253	-654,311
Operating Profit	32,224	48,678	96,457	160,637	43,357	-89,610	-80,411	-59,433	-63,143	-7,343	36,993	44,806	31,251	187,214	654,311
Interest Payable	12,677	6,069	6,807	13,163	8,105	2,370	1,201	0	0	0	0	0	0	0	0
Interest Receivable	19,543	2,999	49	95	704	657	247	167	463	730	482	368	286	326	248
Pre-Tax Profit	39,089	45,607	89,699	147,569	35,956	-91,324	-81,365	-59,266	-62,680	-6,613	37,475	45,174	31,536	187,540	654,558
Tax	-9,772	-8,665	-17,043	-28,038	-6,832	0	0	0	0	0	-8,619	-10,842	-8,199	-52,511	-183,276
Profit After Tax	29,317	36,942	72,656	119,531	29,124	-91,324	-81,365	-59,266	-62,680	-6,613	28,856	34,332	23,337	135,029	471,282
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	29,317	36,942	72,656	119,531	29,124	-91,324	-81,365	-59,266	-62,680	-6,613	28,856	34,332	23,337	135,029	471,282
Employee Costs	111,966	109,274	104,994	100,914	104,709	233,094	224,303	278,392	218,126	233,646	233,954	256,216	237,466	308,514	0
Number Of Employees	3	3	3	3	3	7	7	9	7	8	8	9	8	11	0
EBITDA*	36,543	53,743	102,785	168,814	54,196	-75,159	-60,197	-50,564	-48,143	10,538	47,889	59,334	43,863	189,816	656,470

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	13,463	16,465	18,986	25,314	32,515	43,354	63,118	29,676	48,688	54,350	32,687	43,582	37,831	7,804	6,475
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	13,463	16,465	18,986	25,314	32,515	43,354	63,118	29,676	48,688	54,350	32,687	43,582	37,831	7,804	6,475
Stock & work in progress	212,860	474,788	766,600	680,336	402,796	338,374	272,851	265,445	383,554	359,945	381,674	394,723	317,185	206,895	209,048
Trade Debtors	311,276	392,824	611,891	409,890	435,139	283,294	319,896	476,497	361,624	334,742	326,764	377,811	361,542	552,109	477,185
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	72,084	53,041	0	0	31,490	29,774	64,859	55,095	0	0	0	0	0	0	0
Cash	485,490	259,010	7,536	90,931	98,169	89,633	85,457	111,924	21,598	163,500	128,484	64,433	82,840	31,545	99,006
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,081,710	1,179,663	1,386,027	1,181,157	967,594	741,075	743,063	908,961	766,776	858,187	836,922	836,967	761,567	790,549	785,239
total assets	1,095,173	1,196,128	1,405,013	1,206,471	1,000,109	784,429	806,181	938,637	815,464	912,537	869,609	880,549	799,398	798,353	791,714
Bank overdraft	48,246	67,332	0	0	0	6,679	6,424	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	46,679	0	0	0	0	0	0	0	0	0	0
Trade Creditors	178,443	190,521	639,589	442,937	285,105	334,621	224,215	322,538	177,194	199,181	158,216	187,907	146,453	191,942	320,332
Group/Directors Accounts	0	0	0	0	6,079	0	0	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	0
hp & lease commitments	0	0	0	0	0	2,947	6,465	7,655	0	0	0	0	0	0	0
other current liabilities	159,226	208,536	0	0	79,744	22,679	48,748	37,095	0	0	0	0	0	0	0
total current liabilities	385,915	466,389	639,589	442,937	417,607	366,926	285,852	367,288	177,194	199,181	158,216	187,907	146,453	191,942	320,332
loans	30,000	79,798	0	223,191	161,690	25,112	32,013	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	1,727	6,972	14,627	27,033	18,457	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	152,425	0	0	0	0	0	0	0	0	28,562	23,197	0	0
provisions	0	0	0	0	0	703	3,577	0	0	0	0	0	0	0	0
total long term liabilities	30,000	79,798	152,425	223,191	161,690	25,815	37,317	6,972	14,627	27,033	18,457	28,562	23,197	0	0
total liabilities	415,915	546,187	792,014	666,128	579,297	392,741	323,169	374,260	191,821	226,214	176,673	216,469	169,650	191,942	320,332
net assets	679,258	649,941	612,999	540,343	420,812	391,688	483,012	564,377	623,643	686,323	692,936	664,080	629,748	606,411	471,382
total shareholders funds	679,258	649,941	612,999	540,343	420,812	391,688	483,012	564,377	623,643	686,323	692,936	664,080	629,748	606,411	471,382

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	32,224	48,678	96,457	160,637	43,357	-89,610	-80,411	-59,433	-63,143	-7,343	36,993	44,806	31,251	187,214	654,311
Depreciation	4,319	5,065	6,328	8,177	10,839	14,451	20,214	8,869	15,000	17,881	10,896	14,528	12,612	2,602	2,159
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,772	-8,665	-17,043	-28,038	-6,832	0	0	0	0	0	-8,619	-10,842	-8,199	-52,511	-183,276
Stock	-261,928	-291,812	86,264	277,540	64,422	65,523	7,406	-118,109	23,609	-21,729	-13,049	77,538	110,290	-2,153	209,048
Debtors	-62,505	-166,026	202,001	-56,739	153,561	-71,687	-146,837	169,968	26,882	7,978	-51,047	16,269	-190,567	74,924	477,185
Creditors	-12,078	-449,068	196,652	157,832	-49,516	110,406	-98,323	145,344	-21,987	40,965	-29,691	41,454	-45,489	-128,390	320,332
Accruals and Deferred Income	-49,310	208,536	0	-79,744	57,065	-26,069	11,653	37,095	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-703	-2,874	3,577	0	0	0	0	0	0	0	0
Cash flow from operations	289,816	262,384	-5,871	-1,937	-163,773	12,468	-3,859	80,016	-120,621	65,254	73,675	-3,861	70,452	-63,856	107,293
Investing Activities
capital expenditure	-1,317	-2,544	0	-976	0	5,313	-53,656	10,143	-9,338	-39,544	-1	-20,279	-42,639	-3,931	-8,634
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,317	-2,544	0	-976	0	5,313	-53,656	10,143	-9,338	-39,544	-1	-20,279	-42,639	-3,931	-8,634
Financing Activities
Bank loans	0	0	0	-46,679	46,679	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-6,079	6,079	0	0	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	0
Long term loans	-49,798	79,798	-223,191	61,501	136,578	-6,901	32,013	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-2,947	-5,245	-6,435	0	-12,406	8,576	18,457	0	0	0	0
other long term liabilities	0	-152,425	152,425	0	0	0	0	0	0	0	-28,562	5,365	23,197	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	6,866	-3,070	-6,758	-13,068	-7,401	-1,713	-954	167	463	730	482	368	286	326	248
cash flow from financing	-42,932	-75,697	-77,524	-4,325	178,988	-13,859	24,624	167	-11,943	9,306	-9,623	5,733	23,483	326	348
cash and cash equivalents
cash	226,480	251,474	-83,395	-7,238	8,536	4,176	-26,467	90,326	-141,902	35,016	64,051	-18,407	51,295	-67,461	99,006
overdraft	-19,086	67,332	0	0	-6,679	255	6,424	0	0	0	0	0	0	0	0
change in cash	245,566	184,142	-83,395	-7,238	15,215	3,921	-32,891	90,326	-141,902	35,016	64,051	-18,407	51,295	-67,461	99,006

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOCKS DIRECT LIMITED group structure

Socks Direct Limited has no subsidiary companies.

Ultimate parent company

SOCKS DIRECT LIMITED

04562003

SOCKS DIRECT LIMITED Shareholders

jaweed ali mirza	34%
mahayno mirza	33%
khayam ali mirza	33%

Socks Direct Limited currently has 3 directors. The longest serving directors include Mr Jaweed Mirza (Oct 2002) and Mr Khayam Mirza (Jan 2012).

officer	country	age	start	end	role
Mr Jaweed Mirza		69 years	Oct 2002	-	Director
Mr Khayam Mirza	England	38 years	Jan 2012	-	Director
Mrs Mahayno Mirza	England	63 years	Nov 2019	-	Director

P&L

October 2023

turnover

1.5m

-9%

operating profit

32.2k

gross margin

31.3%

-3.56%

turnover

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

Balance Sheet

October 2023

net assets

679.3k

+0.05%

total assets

1.1m

-0.08%

cash

485.5k

+0.87%

net assets

Total assets minus all liabilities

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2.5

company number

04562003

Type

Private limited with Share Capital

industry

46420 - Wholesale of clothing and footwear

incorporation date

October 2002

ultimate parent company

None

previous names

N/A

address

ciba building hagley road, birmingham, B16 9NX

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 socks direct limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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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socks direct limited Company Information

socks direct limited Estimated Valuation

socks direct limited Estimated Valuation

socks direct limited Estimated Valuation

Socks Direct Limited Overview

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SOCKS DIRECT LIMITED financials

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