Asiatic Carpets Holdings Limited

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asiatic carpets holdings limited Company Information

Company Number

04710645

Next Accounts

Dec 2025

Directors

Sharon Kelaty

Frederick Kelaty

Shareholders

sharon mozell kelaty

frederick sion kelaty

Group Structure

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Industry

Retail sale of textiles in specialised stores

Registered Address

42 lytton road, barnet, herts, EN5 5BY

Website

www.asiatic.co.uk

asiatic carpets holdings limited Estimated Valuation

£70.9m

Pomanda estimates the enterprise value of ASIATIC CARPETS HOLDINGS LIMITED at £70.9m based on Net Assets of £27.9m and 2.54x industry multiple (adjusted for liquidity).

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Asiatic Carpets Holdings Limited is a live company located in herts, EN5 5BY with a Companies House number of 04710645. It operates in the retail sale of textiles in specialised stores sector, SIC Code 47510. Founded in March 2003, it's largest shareholder is sharon mozell kelaty with a 53% stake. Asiatic Carpets Holdings Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Asiatic Carpets Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £19.5m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.6%)

EXPORT

Asiatic Carpets Holdings Limited's latest turnover from March 2024 is £19.5 million and the company has net assets of £27.9 million. According to their latest financial statements, Asiatic Carpets Holdings Limited has 67 employees and maintains cash reserves of £86.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	19,488,597	17,720,456	24,391,465	21,719,342	17,974,505	17,705,662	17,477,291	19,755,919	17,380,576	11,739,331	10,647,518	9,870,870	9,356,839		3,226
Other Income Or Grants
Cost Of Sales	11,035,706	9,038,857	14,863,016	13,258,822	10,615,146	12,577,635	12,065,713	14,197,491	13,038,525	8,699,422	7,897,221	7,428,233	6,492,665		1,729
Gross Profit	8,452,891	8,681,599	9,528,449	8,460,520	7,359,359	5,128,027	5,411,578	5,558,428	4,342,051	3,039,909	2,750,297	2,442,637	2,864,174		1,497
Admin Expenses	6,883,760	5,989,043	6,065,022	3,752,060	4,100,099	3,787,076	3,106,355	2,914,822	3,056,783	2,317,620	2,151,847	2,438,662	3,054,030	-416,667	1,497
Operating Profit	1,569,131	2,692,556	3,463,427	4,708,460	3,259,260	1,340,951	2,305,223	2,643,606	1,285,268	722,289	598,450	3,975	-189,856	416,667
Interest Payable	151,084	85,636	94,108	59,917	84,148	56,382	91,537	31,359			36,284
Interest Receivable	306,043	293,099	280,440	235,961	327,710	280,457	631,686	280,440	280,440	280,440	280,440	287,500	300,625
Pre-Tax Profit	1,724,090	2,900,019	3,649,759	1,758,500	3,502,822	1,653,243	2,845,372	2,892,687	1,565,708	1,002,729	878,890	378,521	154,292	300,000
Tax	-440,582	-572,519	-633,944	-230,574	-687,297	-312,477	-582,846	-609,834	-247,420	-210,963	-330,990	-44,496	-49,702
Profit After Tax	1,283,508	2,327,500	3,015,815	1,527,926	2,815,525	1,340,766	2,262,526	2,282,853	1,318,288	791,766	547,900	334,025	104,590	300,000
Dividends Paid	1,585,863	1,599,784	310,511	1,622,849	952,906	296,900	227,574	677,444	562,280	434,897	421,048	159,538
Retained Profit	-302,355	727,716	2,705,304	-94,923	1,862,619	1,043,866	1,794,952	1,313,309	474,808	132,869	-63,148	-45,513	55,190	300,000
Employee Costs	3,324,335	2,855,697	2,966,526	2,562,388	2,442,677	3,012,022	1,795,157	1,799,578	3,105,605	1,392,328	1,330,694	1,321,953	1,585,038	14,883	14,613
Number Of Employees	67	67	67	36	36	36	36	36	36	36	36	33	51	1	1
EBITDA*	1,647,380	2,777,527	3,558,768	4,788,447	3,338,926	1,420,741	2,387,729	2,691,716	1,333,037	777,647	641,363	45,178	-136,718	416,667

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	6,576,294	6,585,349	6,694,692	6,711,982	6,776,019	6,841,391	6,918,481	2,986,287	3,020,328	3,068,097	3,093,643	3,109,268	3,136,436
Intangible Assets
Investments & Other	11,261,386	11,261,386	11,261,386	2,062,904	2,062,904	2,062,904	2,062,904	2,062,904	2,062,600	2,204,805	2,204,805	2,204,805	2,094,088	100,000	100,000
Debtors (Due After 1 year)														100
Total Fixed Assets	17,837,680	17,846,735	17,956,078	8,774,886	8,838,923	8,904,295	8,981,385	5,049,191	5,082,928	5,272,902	5,298,448	5,314,073	5,230,524	100,100	100,000
Stock & work in progress	2,007,010	1,762,919	2,063,927	2,016,523	1,739,444	2,167,784	1,638,497	1,648,665	2,049,370	1,414,842	1,261,086	1,532,415	1,455,957
Trade Debtors	2,832,042	2,201,308	2,200,184	3,182,672	1,737,469	3,028,126	3,533,165	3,855,977	3,421,504	2,270,710	1,985,087	2,201,206	8,092,881		100
Group Debtors			10,606,643	6,602,012	7,119,806	6,335,262	6,029,896	6,049,456	6,016,827	4,866,124	4,810,929
Misc Debtors	11,423,577	10,683,344	138,389	1,049,331	1,821,252	50,187	28,413	1,291,979	1,152,444	1,064,541	1,066,182	5,939,747
Cash	86,055	1,638,713	531,170	4,364,404	1,388,991	974,246	532,122	1,229,872	62,305	134,077	8,385	35,223	61,568
misc current assets		1,434	571,153	119,928
total current assets	16,348,684	16,287,718	16,111,466	17,334,870	13,806,962	12,555,605	11,762,093	14,075,949	12,702,450	9,750,294	9,131,669	9,708,591	9,610,406		100
total assets	34,186,364	34,134,453	34,067,544	26,109,756	22,645,885	21,459,900	20,743,478	19,125,140	17,785,378	15,023,196	14,430,117	15,022,664	14,840,930	100,100	100,100
Bank overdraft	792,637	442,961	784,882	374,722	422,240	403,288	989,144	2,600,589	3,399,250	986,972	730,925	1,341,166	1,307,956
Bank loan						74,030	71,641
Trade Creditors	256,890		340,668	1,047,850	285,850	631,751	435,211	607,241	310,086	420,382	432,630	385,955	520,964
Group/Directors Accounts			341,307	647,178	1,145,411	596,301	1,540,539	662,207	679,707	650,000	650,000	650,000	650,000
other short term finances
hp & lease commitments
other current liabilities	1,298,982	1,588,479	745,301	3,977,001	628,936	1,095,526	1,123,328	1,275,136	729,677	774,093	557,682	523,515	305,186
total current liabilities	2,348,509	2,031,440	2,212,158	6,046,751	2,482,437	2,800,896	4,159,863	5,145,173	5,118,720	2,831,447	2,371,237	2,900,636	2,784,106
loans			2,125,119	2,236,524	2,242,044	2,600,219	1,568,696
hp & lease commitments
Accruals and Deferred Income
other liabilities	1,682,226	1,645,030
provisions	2,232,351	2,232,351	2,232,351
total long term liabilities	3,914,577	3,877,381	4,357,470	2,236,524	2,242,044	2,600,219	1,568,696
total liabilities	6,263,086	5,908,821	6,569,628	8,283,275	4,724,481	5,401,115	5,728,559	5,145,173	5,118,720	2,831,447	2,371,237	2,900,636	2,784,106
net assets	27,923,273	28,225,627	27,497,911	17,826,476	17,921,399	16,058,780	15,014,914	13,979,962	12,666,653	12,191,745	12,058,876	12,122,024	12,056,820	100,100	100,100
total shareholders funds	27,923,273	28,225,627	27,497,911	17,826,476	17,921,399	16,058,780	15,014,914	13,979,962	12,666,653	12,191,745	12,058,876	12,122,024	12,056,820	100,100	100,100

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,569,131	2,692,556	3,463,427	4,708,460	3,259,260	1,340,951	2,305,223	2,643,606	1,285,268	722,289	598,450	3,975	-189,856	416,667
Depreciation	78,249	84,971	95,341	79,987	79,666	79,790	82,506	48,110	47,769	55,358	42,913	41,203	53,138
Amortisation
Tax	-440,582	-572,519	-633,944	-230,574	-687,297	-312,477	-582,846	-609,834	-247,420	-210,963	-330,990	-44,496	-49,702
Stock	244,091	-301,008	47,404	277,079	-428,340	529,287	-10,168	-400,705	634,528	153,756	-271,329	76,458	1,455,957
Debtors	1,370,967	-60,564	2,111,201	155,488	1,264,952	-177,899	-1,605,938	606,637	2,389,400	339,177	-278,755	48,072	8,092,781		100
Creditors	256,890	-340,668	-707,182	762,000	-345,901	196,540	-172,030	297,155	-110,296	-12,248	46,675	-135,009	520,964
Accruals and Deferred Income	-289,497	843,178	-3,231,700	3,348,065	-466,590	-27,802	-151,808	545,459	-44,416	216,411	34,167	218,329	305,186
Deferred Taxes & Provisions			2,232,351
Cash flow from operations	-440,867	3,069,090	-940,312	8,235,371	1,002,526	925,614	3,097,151	2,718,564	-2,093,023	277,914	941,299	-40,528	-8,909,008	416,667	-100
Investing Activities
capital expenditure						-2,700	-4,014,700	-15,994	1,480,100	-33,747	-24,563	-19,037	2,839
Change in Investments			9,198,482					304	-142,205			110,717	1,994,088		100,000
cash flow from investments			-9,198,482			-2,700	-4,014,700	-16,298	1,622,305	-33,747	-24,563	-129,754	-1,991,249		-100,000
Financing Activities
Bank loans					-74,030	2,389	71,641
Group/Directors Accounts		-341,307	-305,871	-498,233	549,110	-944,238	878,332	-17,500	29,707				650,000
Other Short Term Loans
Long term loans		-2,125,119	-111,405	-5,520	-358,175	1,031,523	1,568,696
Hire Purchase and Lease Commitments
other long term liabilities	37,196	1,645,030
share issue	1		6,966,131				-760,000		100			110,717	11,901,530	-300,000	100,100
interest	154,959	207,463	186,332	176,044	243,562	224,075	540,149	249,081	280,440	280,440	244,156	287,500	300,625
cash flow from financing	192,156	-613,933	6,735,187	-327,709	360,467	313,749	2,298,818	231,581	310,247	280,440	244,156	398,217	12,852,155	-300,000	100,100
cash and cash equivalents
cash	-1,552,658	1,107,543	-3,833,234	2,975,413	414,745	442,124	-697,750	1,167,567	-71,772	125,692	-26,838	-26,345	61,568
overdraft	349,676	-341,921	410,160	-47,518	18,952	-585,856	-1,611,445	-798,661	2,412,278	256,047	-610,241	33,210	1,307,956
change in cash	-1,902,334	1,449,464	-4,243,394	3,022,931	395,793	1,027,980	913,695	1,966,228	-2,484,050	-130,355	583,403	-59,555	-1,246,388

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 asiatic carpets holdings limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in EN5 area or any other competitors across 12 key performance metrics.

ASIATIC CARPETS HOLDINGS LIMITED group structure

Asiatic Carpets Holdings Limited has 5 subsidiary companies.

Ultimate parent company

ASIATIC CARPETS HOLDINGS LIMITED

04710645

5 subsidiaries

THE CLEARANCE RUG COMPANY LTD

12323360

ASIATIC CARPETS LIMITED

01332676

NEASDEN LONDON STUDIOS LTD

13091109

ASIATIC HALI UK LIMITED

13354724

ASIATIC CARPETS (GREENWOOD PLACE) LIMITED

04710072

ASIATIC CARPETS HOLDINGS LIMITED Shareholders

sharon mozell kelaty	53%
frederick sion kelaty	47%

Asiatic Carpets Holdings Limited currently has 2 directors. The longest serving directors include Ms Sharon Kelaty (Mar 2003) and Mr Frederick Kelaty (Mar 2003).

officer	country	age	start	end	role
Ms Sharon Kelaty	United Kingdom	60 years	Mar 2003	-	Director
Mr Frederick Kelaty	United Kingdom	56 years	Mar 2003	-	Director

P&L

March 2024

turnover

19.5m

+10%

operating profit

1.6m

-42%

gross margin

43.4%

-11.47%

turnover

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

Balance Sheet

March 2024

net assets

27.9m

-0.01%

total assets

34.2m

cash

86.1k

-0.95%

net assets

Total assets minus all liabilities

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company number

04710645

Type

Private limited with Share Capital

industry

47510 - Retail sale of textiles in specialised stores

incorporation date

March 2003

ultimate parent company

None

previous names

N/A

address

42 lytton road, barnet, herts, EN5 5BY

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asiatic carpets holdings limited Company Information

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asiatic carpets holdings limited Estimated Valuation

asiatic carpets holdings limited Estimated Valuation

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