Discount Ceramics (leicester) Limited

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discount ceramics (leicester) limited Company Information

Live

EstablishedSmallHealthy

Company Number

06012713

Website

www.discountceramicsleicester.co.uk

Registered Address

suite 2 rosehill, 165 lutterworth road, blaby, leicester, LE8 4DY

Industry

Wholesale of textiles

Telephone

01162762249

Next Accounts Due

December 2024

Group Structure

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Directors

Daren MacKen17 Years

Shareholders

daren noel macken 50%

jane ann macken 50%

discount ceramics (leicester) limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of DISCOUNT CERAMICS (LEICESTER) LIMITED at £4m based on Net Assets of £2.1m and 1.85x industry multiple (adjusted for liquidity).

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Discount Ceramics (leicester) Limited is a live company located in blaby, LE8 4DY with a Companies House number of 06012713. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in November 2006, it's largest shareholder is daren noel macken with a 50% stake. Discount Ceramics (leicester) Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Discount Ceramics (Leicester) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2.7m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3.9%)

EXPORT

Discount Ceramics (Leicester) Limited's latest turnover from March 2023 is estimated at £2.7 million and the company has net assets of £2.1 million. According to their latest financial statements, Discount Ceramics (Leicester) Limited has 9 employees and maintains cash reserves of £500.7 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	2,708,098	1,685,254	1,827,017	1,847,663	1,567,061	1,477,389	202,876	1,414,937	758,270	551,280	395,036	667,607	279,828	201,801
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,156,284	1,368,901	1,515,038	1,466,908	1,273,546	1,199,776	850	1,146,210	618,342	453,887	325,003	538,082	228,843	163,415
Gross Profit	551,814	316,353	311,979	380,755	293,516	277,614	202,026	268,726	139,928	97,392	70,033	129,526	50,985	38,386
Admin Expenses	167,911	184,500	143,196	125,446	1,951	47,338	0	64,886	-114,590	538	-18,129	83,616	66,013	-254,959
Operating Profit	383,903	131,853	168,783	255,309	291,565	230,276	202,026	203,840	254,518	96,854	88,162	45,910	-15,028	293,345
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,638	2,833	421	464	2,667	943	0	862	626	591	619	463	753	519
Pre-Tax Profit	401,541	134,686	169,204	255,773	294,232	231,219	202,026	204,703	255,144	97,444	88,782	46,373	-14,275	293,864
Tax	-76,293	-25,590	-32,149	-48,597	-55,904	-43,932	0	-40,940	-53,580	-22,412	-21,308	-12,057	0	-82,282
Profit After Tax	325,248	109,096	137,055	207,176	238,328	187,287	202,026	163,762	201,564	75,032	67,474	34,316	-14,275	211,582
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	325,248	109,096	137,055	207,176	238,328	187,287	202,026	163,762	201,564	75,032	67,474	34,316	-14,275	211,582
Employee Costs	377,115	349,127	328,061	417,776	420,384	136,544	34,409	104,810	65,914	64,228	32,292	65,651	29,065	28,887
Number Of Employees	9	9	9	12	12	4	1	3	2	2	1	2	1	1
EBITDA*	471,347	208,178	233,017	310,180	348,715	280,468	235,580	217,189	263,557	104,354	93,202	50,570	-11,878	297,603

* 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	739,060	747,400	645,190	705,470	613,056	625,390	362,930	60,140	38,690	33,200	35,100	26,375	21,985	15,320
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	263,521	365,796	0	528,409	275,404	0	0	0	0
Total Fixed Assets	739,060	747,400	645,190	705,470	613,056	888,911	728,726	60,140	567,099	308,604	35,100	26,375	21,985	15,320
Stock & work in progress	445,950	500,000	450,000	450,000	435,000	505,000	400,000	400,850	185,885	180,125	150,105	150,205	155,112	110,109
Trade Debtors	1,013,315	621,179	638,661	497,465	330,561	0	0	440,161	0	0	17,275	166,050	36,520	14,166
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	156,399	0	0	0
Cash	500,720	329,303	426,228	416,066	511,827	199,386	177,695	174,736	170,237	80,301	155,909	91,785	93,500	207,619
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,959,985	1,450,482	1,514,889	1,363,531	1,277,388	704,386	577,695	1,015,747	356,122	260,426	479,688	408,040	285,132	331,894
total assets	2,699,045	2,197,882	2,160,079	2,069,001	1,890,444	1,593,297	1,306,421	1,075,887	923,221	569,030	514,788	434,415	307,117	347,214
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	552,674	376,759	448,052	494,029	522,648	463,829	104,219	335,432	346,528	193,901	214,691	201,792	108,810	134,632
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	260,021	0	0	0	0	0	0	0
total current liabilities	552,674	376,759	448,052	494,029	522,648	463,829	364,240	335,432	346,528	193,901	214,691	201,792	108,810	134,632
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	552,674	376,759	448,052	494,029	522,648	463,829	364,240	335,432	346,528	193,901	214,691	201,792	108,810	134,632
net assets	2,146,371	1,821,123	1,712,027	1,574,972	1,367,796	1,129,468	942,181	740,455	576,693	375,129	300,097	232,623	198,307	212,582
total shareholders funds	2,146,371	1,821,123	1,712,027	1,574,972	1,367,796	1,129,468	942,181	740,455	576,693	375,129	300,097	232,623	198,307	212,582

	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	383,903	131,853	168,783	255,309	291,565	230,276	202,026	203,840	254,518	96,854	88,162	45,910	-15,028	293,345
Depreciation	87,444	76,325	64,234	54,871	57,150	50,192	33,554	13,349	9,039	7,500	5,040	4,660	3,150	4,258
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-76,293	-25,590	-32,149	-48,597	-55,904	-43,932	0	-40,940	-53,580	-22,412	-21,308	-12,057	0	-82,282
Stock	-54,050	50,000	0	15,000	-70,000	105,000	-850	214,965	5,760	30,020	-100	-4,907	45,003	110,109
Debtors	392,136	-17,482	141,196	166,904	67,040	-102,275	-74,365	-88,248	253,005	101,730	7,624	129,530	22,354	14,166
Creditors	175,915	-71,293	-45,977	-28,619	58,819	359,610	-231,213	-11,096	152,627	-20,790	12,899	92,982	-25,822	134,632
Accruals and Deferred Income	0	0	0	0	0	-260,021	260,021	0	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	232,883	78,777	13,695	51,060	354,590	333,400	339,603	38,436	103,839	-70,598	77,269	6,872	-105,057	225,678
Investing Activities
capital expenditure	-79,104	-178,535	-3,954	-147,285	-44,816	-312,652	-336,344	-34,799	-14,529	-5,600	-13,765	-9,050	-9,815	-19,578
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-79,104	-178,535	-3,954	-147,285	-44,816	-312,652	-336,344	-34,799	-14,529	-5,600	-13,765	-9,050	-9,815	-19,578
Financing Activities
Bank loans	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
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	-300	0	0	0	0	0	0	1,000
interest	17,638	2,833	421	464	2,667	943	0	862	626	591	619	463	753	519
cash flow from financing	17,638	2,833	421	464	2,667	943	-300	862	626	591	619	463	753	1,519
cash and cash equivalents
cash	171,417	-96,925	10,162	-95,761	312,441	21,691	2,959	4,499	89,936	-75,608	64,124	-1,715	-114,119	207,619
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	171,417	-96,925	10,162	-95,761	312,441	21,691	2,959	4,499	89,936	-75,608	64,124	-1,715	-114,119	207,619

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DISCOUNT CERAMICS (LEICESTER) LIMITED group structure

Discount Ceramics (Leicester) Limited has no subsidiary companies.

Ultimate parent company

DISCOUNT CERAMICS (LEICESTER) LIMITED

06012713

DISCOUNT CERAMICS (LEICESTER) LIMITED Shareholders

daren noel macken	50%
jane ann macken	50%

Discount Ceramics (Leicester) Limited currently has 1 director, Mr Daren MacKen serving since Nov 2006.

officer	country	age	start	end	role
Mr Daren MacKen	United Kingdom	58 years	Nov 2006	-	Director

P&L

March 2023

turnover

2.7m

+61%

operating profit

383.9k

gross margin

20.4%

+8.55%

turnover

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

Balance Sheet

March 2023

net assets

2.1m

+0.18%

total assets

2.7m

+0.23%

cash

500.7k

+0.52%

net assets

Total assets minus all liabilities

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company number

06012713

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

November 2006

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

suite 2 rosehill, 165 lutterworth road, blaby, leicester, LE8 4DY

last accounts submitted

March 2023

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.

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