Choices Clothes Limited

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choices clothes limited Company Information

Company Number

04910231

Next Accounts

Jun 2025

Directors

Desmond Groom

Zoe Groom

Shareholders

zoe groom

desmond groom

Group Structure

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Industry

Retail sale of second-hand goods (other than antiques and antique books) in stores

Registered Address

manor farm, church lane, barham, ipswich, suffolk, IP6 0PU

Website

www.choicesclothes.co.uk

choices clothes limited Estimated Valuation

£273.9k

Pomanda estimates the enterprise value of CHOICES CLOTHES LIMITED at £273.9k based on a Turnover of £582.9k and 0.47x industry multiple (adjusted for size and gross margin).

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Choices Clothes Limited is a live company located in ipswich, IP6 0PU with a Companies House number of 04910231. It operates in the retail sale of other second-hand goods in stores (not incl. antiques) sector, SIC Code 47799. Founded in September 2003, it's largest shareholder is zoe groom with a 50% stake. Choices Clothes Limited is a mature, small sized company, Pomanda has estimated its turnover at £582.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Choices Clothes Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £582.9k, make it in line with the average company (£502.1k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.5%)

EXPORT

Choices Clothes Limited's latest turnover from September 2023 is estimated at £582.9 thousand and the company has net assets of £6.1 thousand. According to their latest financial statements, Choices Clothes Limited has 12 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	582,935	578,049	547,190	650,612	515,846	348,169	10	154,125	33,583	25,606	108,900	30,718	36,693	27,197	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	360,776	397,845	380,581	392,748	306,700	231,011	7	109,421	22,498	17,407	71,212	20,327	22,577	16,443	0
Gross Profit	222,159	180,204	166,609	257,864	209,146	117,158	3	44,705	11,085	8,199	37,688	10,391	14,116	10,755	0
Admin Expenses	223,033	186,299	153,256	243,428	205,384	115,379	5,442	54,044	11,452	8,424	38,060	11,079	14,634	10,114	-201
Operating Profit	-874	-6,095	13,353	14,436	3,762	1,779	-5,439	-9,339	-367	-225	-372	-688	-518	641	201
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	242	460	141	152	291	246	255	288	266	211	100
Pre-Tax Profit	-874	-6,095	13,353	14,436	4,005	2,240	-5,298	-9,187	-76	20	-117	-400	-252	853	301
Tax	0	0	-2,537	-2,743	-761	-426	0	0	0	-4	0	0	0	-239	-84
Profit After Tax	-874	-6,095	10,816	11,693	3,244	1,814	-5,298	-9,187	-76	16	-117	-400	-252	614	217
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-874	-6,095	10,816	11,693	3,244	1,814	-5,298	-9,187	-76	16	-117	-400	-252	614	217
Employee Costs	240,015	233,018	192,335	220,550	242,118	237,967	215,448	51,097	17,989	18,239	36,989	18,850	16,130	15,634	0
Number Of Employees	12	13	11	12	13	13	12	3	1	1	2	1	1	1	0
EBITDA*	-874	-6,095	13,353	14,436	3,762	3,582	-3,631	-7,499	4,820	4,722	4,576	4,473	1,295	2,454	2,014

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	241	482	755	3,411	6,791	10,042	246	492	738
Intangible Assets	0	0	0	0	0	0	1,562	3,129	4,696	6,263	7,830	9,397	10,964	12,531	14,098
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	0	0	0	0	0	0	1,803	3,611	5,451	9,674	14,621	19,439	11,210	13,023	14,836
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	125,793	130,867	114,256	96,706	77,261	0	0	7,698	940	760	7,832	1,282	1,656	956	633
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,302	3,258	2,938	2,061	6,677	6,137	6,893	0	525	11,530	0	0	0	0	0
Cash	0	0	0	0	0	64,652	58,048	54,847	66,895	49,399	48,815	53,150	62,017	44,458	40,093
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	130,095	134,125	117,194	98,767	83,938	70,789	64,941	62,545	68,360	61,689	56,647	54,432	63,673	45,414	40,726
total assets	130,095	134,125	117,194	98,767	83,938	70,789	66,744	66,156	73,811	71,363	71,268	73,871	74,883	58,437	55,562
Bank overdraft	0	0	0	0	0	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	0
Trade Creditors	116,088	117,521	97,076	87,612	81,464	69,700	67,909	75,243	73,656	70,601	69,854	71,692	74,302	57,604	55,343
Group/Directors Accounts	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	13,756	13,316	0	0	0	0	0	0	0	0
total current liabilities	116,088	117,521	97,076	87,612	81,464	83,456	81,225	75,243	73,656	70,601	69,854	71,692	74,302	57,604	55,343
loans	0	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	0
Accruals and Deferred Income	7,892	9,615	7,034	8,887	11,899	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	96	151	682	1,350	1,998	0	0	0
total long term liabilities	7,892	9,615	7,034	8,887	11,899	0	0	96	151	682	1,350	1,998	0	0	0
total liabilities	123,980	127,136	104,110	96,499	93,363	83,456	81,225	75,339	73,807	71,283	71,204	73,690	74,302	57,604	55,343
net assets	6,115	6,989	13,084	2,268	-9,425	-12,667	-14,481	-9,183	4	80	64	181	581	833	219
total shareholders funds	6,115	6,989	13,084	2,268	-9,425	-12,667	-14,481	-9,183	4	80	64	181	581	833	219

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-874	-6,095	13,353	14,436	3,762	1,779	-5,439	-9,339	-367	-225	-372	-688	-518	641	201
Depreciation	0	0	0	0	0	241	241	273	3,620	3,380	3,381	3,594	246	246	246
Amortisation	0	0	0	0	0	1,562	1,567	1,567	1,567	1,567	1,567	1,567	1,567	1,567	1,567
Tax	0	0	-2,537	-2,743	-761	-426	0	0	0	-4	0	0	0	-239	-84
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-4,030	16,931	18,427	14,829	77,801	-756	-805	6,233	-10,825	4,458	6,550	-374	700	323	633
Creditors	-1,433	20,445	9,464	6,148	11,764	1,791	-7,334	1,587	3,055	747	-1,838	-2,610	16,698	2,261	55,343
Accruals and Deferred Income	-1,723	2,581	-1,853	-3,012	-1,857	440	13,316	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-96	-55	-531	-668	-648	1,998	0	0	0
Cash flow from operations	0	0	0	0	-64,893	6,143	3,060	-12,200	18,169	339	-4,460	4,235	17,293	4,153	56,640
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	-964	0	-130	-13,390	0	0	-16,649
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	-964	0	-130	-13,390	0	0	-16,649
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	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	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-2	0	0	0	0	0	0	0	0	0	2
interest	0	0	0	0	242	460	141	152	291	246	255	288	266	211	100
cash flow from financing	0	0	0	0	240	460	141	152	291	246	255	288	266	211	102
cash and cash equivalents
cash	0	0	0	0	-64,652	6,604	3,201	-12,048	17,496	584	-4,335	-8,867	17,559	4,365	40,093
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-64,652	6,604	3,201	-12,048	17,496	584	-4,335	-8,867	17,559	4,365	40,093

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 choices clothes 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 IP6 area or any other competitors across 12 key performance metrics.

CHOICES CLOTHES LIMITED group structure

Choices Clothes Limited has no subsidiary companies.

Ultimate parent company

CHOICES CLOTHES LIMITED

04910231

CHOICES CLOTHES LIMITED Shareholders

zoe groom	50%
desmond groom	50%

Choices Clothes Limited currently has 2 directors. The longest serving directors include Mr Desmond Groom (Sep 2003) and Mrs Zoe Groom (Sep 2003).

officer	country	age	start	end	role
Mr Desmond Groom	United Kingdom	67 years	Sep 2003	-	Director
Mrs Zoe Groom	United Kingdom	63 years	Sep 2003	-	Director

P&L

September 2023

turnover

582.9k

+1%

operating profit

-874

gross margin

38.2%

+22.25%

turnover

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

Balance Sheet

September 2023

net assets

6.1k

-0.13%

total assets

130.1k

-0.03%

cash

net assets

Total assets minus all liabilities

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company number

04910231

Type

Private limited with Share Capital

industry

47799 - Retail sale of second-hand goods (other than antiques and antique books) in stores

incorporation date

September 2003

ultimate parent company

None

previous names

N/A

address

manor farm, church lane, barham, ipswich, suffolk, IP6 0PU

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choices clothes limited Company Information

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choices clothes limited Estimated Valuation

choices clothes limited Estimated Valuation

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