Rug Couture Limited

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rug couture limited Company Information

Live

EstablishedSmallHigh

Company Number

05728357

Website

www.rugcouture.com

Registered Address

unit 1, gregston industrial estate, oldbury, west midlands, B69 4EX

Industry

Retail sale via mail order houses or via Internet

Telephone

03332226514

Next Accounts Due

December 2024

Group Structure

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Directors

Matthew Cartwright18 Years

Lee Darlington12 Years

View All

Shareholders

funky rugs ltd 100%

rug couture limited Estimated Valuation

£193.3k

Pomanda estimates the enterprise value of RUG COUTURE LIMITED at £193.3k based on a Turnover of £637.4k and 0.3x industry multiple (adjusted for size and gross margin).

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Rug Couture Limited is a live company located in oldbury, B69 4EX with a Companies House number of 05728357. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in March 2006, it's largest shareholder is funky rugs ltd with a 100% stake. Rug Couture Limited is a established, small sized company, Pomanda has estimated its turnover at £637.4k with high growth in recent years.

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Pomanda's financial health check has awarded Rug Couture Limited a 4 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

Health Rating4out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £637.4k, make it larger than the average company (£346.8k)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (6.1%)

EXPORT

Rug Couture Limited's latest turnover from March 2023 is estimated at £637.4 thousand and the company has net assets of -£39.1 thousand. According to their latest financial statements, Rug Couture Limited has 7 employees and maintains cash reserves of £130.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	637,435	375,460	516,850	330,077	454,770	638,054	471,558	601,242	698,416	918,721	1,175,999	1,298,366	846,483	1,219,278
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	403,920	235,106	321,269	209,324	275,170	385,759	287,730	367,827	418,025	544,649	697,093	770,947	498,986	718,022
Gross Profit	233,515	140,354	195,581	120,753	179,600	252,295	183,828	233,416	280,391	374,072	478,906	527,419	347,497	501,256
Admin Expenses	289,952	183,624	189,691	118,952	156,888	234,390	177,366	233,516	299,033	358,138	472,108	524,541	356,462	486,872
Operating Profit	-56,437	-43,270	5,890	1,801	22,712	17,905	6,462	-100	-18,642	15,934	6,798	2,878	-8,965	14,384
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,586	1,967	223	150	1,153	857	426	714	678	601	343	125	113	79
Pre-Tax Profit	-48,851	-41,303	6,112	1,951	23,865	18,762	6,888	614	-17,964	16,535	7,141	3,003	-8,852	14,463
Tax	0	0	-1,161	-371	-4,534	-3,565	-1,377	-123	0	-3,803	-1,714	-781	0	-4,049
Profit After Tax	-48,851	-41,303	4,951	1,580	19,331	15,197	5,510	491	-17,964	12,732	5,427	2,222	-8,852	10,413
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-48,851	-41,303	4,951	1,580	19,331	15,197	5,510	491	-17,964	12,732	5,427	2,222	-8,852	10,413
Employee Costs	188,177	137,623	161,675	159,727	201,127	208,356	196,619	82,599	109,062	134,188	159,230	181,174	134,606	193,631
Number Of Employees	7	5	6	6	7	7	7	3	4	5	6	7	5	7
EBITDA*	-55,696	-43,270	5,890	1,801	22,712	18,222	6,944	487	-18,056	16,204	6,902	2,878	-8,965	14,384

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	2,221	0	0	0	0	0	317	799	1,386	705	312	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	2	2	2	2	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	2,222	2	2	2	2	0	317	799	1,386	705	312	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	36,266	6,666	20,980	6,617	5,850	32,664	6,178	0	22,357	34,561	56,839	72,027	50,297	69,291
Group Debtors	0	0	0	22,436	18,691	0	0	0	0	0	0	0	0	0
Misc Debtors	2,472	0	1,840	1,834	1,825	0	1,676	24,874	0	0	0	0	0	0
Cash	130,618	226,376	298,198	147,434	152,106	155,455	187,206	153,566	131,837	139,391	101,129	36,141	13,694	31,525
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	169,356	233,042	321,018	178,321	178,472	188,119	195,060	178,440	154,194	173,952	157,968	108,168	63,991	100,816
total assets	171,578	233,044	321,020	178,323	178,474	188,119	195,377	179,239	155,580	174,657	158,280	108,168	63,991	100,816
Bank overdraft	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
Trade Creditors	59,835	48,829	53,902	24,664	43,462	44,879	45,656	101,228	151,600	152,713	149,068	104,383	62,428	90,401
Group/Directors Accounts	33,939	33,439	32,939	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	116,918	141,039	183,139	107,570	90,503	118,062	139,740	73,540	0	0	0	0	0	0
total current liabilities	210,692	223,307	269,980	132,234	133,965	162,941	185,396	174,768	151,600	152,713	149,068	104,383	62,428	90,401
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	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
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	210,692	223,307	269,980	132,234	133,965	162,941	185,396	174,768	151,600	152,713	149,068	104,383	62,428	90,401
net assets	-39,114	9,737	51,040	46,089	44,509	25,178	9,981	4,471	3,980	21,944	9,212	3,785	1,563	10,415
total shareholders funds	-39,114	9,737	51,040	46,089	44,509	25,178	9,981	4,471	3,980	21,944	9,212	3,785	1,563	10,415

	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	-56,437	-43,270	5,890	1,801	22,712	17,905	6,462	-100	-18,642	15,934	6,798	2,878	-8,965	14,384
Depreciation	741	0	0	0	0	317	482	587	586	270	104	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,161	-371	-4,534	-3,565	-1,377	-123	0	-3,803	-1,714	-781	0	-4,049
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	32,072	-16,154	-8,067	4,521	-6,298	24,810	-17,020	2,517	-12,204	-22,278	-15,188	21,730	-18,994	69,291
Creditors	11,006	-5,073	29,238	-18,798	-1,417	-777	-55,572	-50,372	-1,113	3,645	44,685	41,955	-27,973	90,401
Accruals and Deferred Income	-24,121	-42,100	75,569	17,067	-27,559	-21,678	66,200	73,540	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	-100,883	-74,289	117,603	-4,822	-4,500	-32,608	33,215	21,015	-6,965	38,324	65,061	22,322	-17,944	31,445
Investing Activities
capital expenditure	-2,962	0	0	0	0	0	0	0	-1,267	-663	-416	0	0	0
Change in Investments	-1	0	0	0	2	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,961	0	0	0	-2	0	0	0	-1,267	-663	-416	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	500	500	32,939	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
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	7,586	1,967	223	150	1,153	857	426	714	678	601	343	125	113	79
cash flow from financing	8,086	2,467	33,162	150	1,153	857	426	714	678	601	343	125	113	81
cash and cash equivalents
cash	-95,758	-71,822	150,764	-4,672	-3,349	-31,751	33,640	21,729	-7,554	38,262	64,988	22,447	-17,831	31,525
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-95,758	-71,822	150,764	-4,672	-3,349	-31,751	33,640	21,729	-7,554	38,262	64,988	22,447	-17,831	31,525

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 rug couture 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 B69 area or any other competitors across 12 key performance metrics.

RUG COUTURE LIMITED group structure

Rug Couture Limited has 1 subsidiary company.

Ultimate parent company

FUNKY RUGS LIMITED

05731911

1 parent

RUG COUTURE LIMITED

05728357

1 subsidiary

NOTTING HILL RUGS LIMITED

11454482

RUG COUTURE LIMITED Shareholders

funky rugs ltd

100%

Rug Couture Limited currently has 4 directors. The longest serving directors include Mr Matthew Cartwright (Mar 2006) and Mr Lee Darlington (Sep 2011).

officer	country	age	start	end	role
Mr Matthew Cartwright		52 years	Mar 2006	-	Director
Mr Lee Darlington	England	48 years	Sep 2011	-	Director
Mr James Hughes	England	48 years	Feb 2013	-	Director
Mr Amerjeet Madhar	England	47 years	Feb 2013	-	Director

P&L

March 2023

turnover

637.4k

+70%

operating profit

-56.4k

gross margin

36.7%

-2%

turnover

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

Balance Sheet

March 2023

net assets

-39.1k

-5.02%

total assets

171.6k

-0.26%

cash

130.6k

-0.42%

net assets

Total assets minus all liabilities

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4.5

company number

05728357

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

March 2006

accounts

Total Exemption Full

ultimate parent company

FUNKY RUGS LIMITED

previous names

style international limited (April 2015)

last accounts submitted

March 2023

address

unit 1, gregston industrial estate, oldbury, west midlands, B69 4EX

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 4 charges/mortgages relating to rug couture limited. Currently there are 3 open charges and 1 have been satisfied in the past.

rug couture limited Company Information

rug couture limited Estimated Valuation

rug couture limited Estimated Valuation

rug couture limited Estimated Valuation

Rug Couture Limited Overview

Rug Couture Limited Health Check

RUG COUTURE LIMITED financials

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rug couture limited Ownership

rug couture limited directors

rug couture limited company details

rug couture limited Charges & Mortgages

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