Akaal Clothing Limited

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akaal clothing limited Company Information

Live

EstablishedSmallDeclining

Company Number

06268720

Website

http://alvinlee.co.uk

Registered Address

104/106 whitechapel road, london, E1 1JE

Industry

Manufacture of men's outerwear, other than leather clothes and workwear

Telephone

02073751212

Next Accounts Due

April 2025

Group Structure

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Directors

Gurdatar Bance17 Years

Naunihal Bance13 Years

Shareholders

naunihal dave 35%

gurdatar singh bance 33%

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akaal clothing limited Estimated Valuation

£236.4k

Pomanda estimates the enterprise value of AKAAL CLOTHING LIMITED at £236.4k based on a Turnover of £687.6k and 0.34x industry multiple (adjusted for size and gross margin).

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Akaal Clothing Limited is a live company located in london, E1 1JE with a Companies House number of 06268720. It operates in the manufacture of other men's outerwear sector, SIC Code 14131. Founded in June 2007, it's largest shareholder is naunihal dave with a 35% stake. Akaal Clothing Limited is a established, small sized company, Pomanda has estimated its turnover at £687.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Akaal Clothing Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £687.6k, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (11.1%)

EXPORT

Akaal Clothing Limited's latest turnover from July 2023 is estimated at £687.6 thousand and the company has net assets of £78.6 thousand. According to their latest financial statements, Akaal Clothing Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	687,622	979,576	1,241,881	1,190,407	1,218,362	1,092,610	924,519	453,919	580,375	633,528	791,408	467,114	592,370	522,897	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	549,586	847,990	1,039,139	845,991	922,411	798,751	764,083	354,120	424,097	485,751	606,861	379,378	455,370	388,744	0
Gross Profit	138,036	131,586	202,743	344,417	295,951	293,858	160,436	99,799	156,278	147,777	184,547	87,736	137,000	134,153	0
Admin Expenses	172,520	151,172	169,522	381,187	299,253	280,184	159,255	96,222	150,770	149,497	177,977	86,960	131,396	112,911	-138,343
Operating Profit	-34,484	-19,586	33,221	-36,770	-3,302	13,674	1,181	3,577	5,508	-1,720	6,570	776	5,604	21,242	138,343
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	140	442	307	417	566	533	803	992	427
Pre-Tax Profit	-34,484	-19,586	33,221	-36,770	-3,302	13,674	1,321	4,019	5,815	-1,303	7,136	1,309	6,407	22,233	138,769
Tax	0	0	-6,312	0	0	-2,598	-251	-804	-1,163	0	-1,641	-314	-1,666	-6,225	-38,855
Profit After Tax	-34,484	-19,586	26,909	-36,770	-3,302	11,076	1,070	3,215	4,652	-1,303	5,495	995	4,741	16,008	99,914
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-34,484	-19,586	26,909	-36,770	-3,302	11,076	1,070	3,215	4,652	-1,303	5,495	995	4,741	16,008	99,914
Employee Costs	42,424	33,367	65,210	66,091	64,130	63,424	98,559	67,853	70,802	66,171	84,960	51,480	51,929	56,281	0
Number Of Employees	1	1	2	2	2	2	3	2	2	2	3	2	2	2	0
EBITDA*	-34,484	-19,586	33,221	-36,770	-3,302	13,674	1,181	3,878	5,843	-504	7,827	2,080	6,958	22,935	140,473

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	10,012	11,302	12,558	198	220	244	271	2,712	3,013	3,346	4,562	5,819	7,123	8,477	10,170
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	10,012	11,302	12,558	198	220	244	271	2,712	3,013	3,346	4,562	5,819	7,123	8,477	10,170
Stock & work in progress	0	0	0	0	0	0	0	102,233	146,712	130,852	76,664	58,545	99,752	38,246	41,843
Trade Debtors	247,269	321,727	367,905	324,153	375,870	410,489	358,753	147,852	133,050	130,024	151,740	128,079	172,246	100,709	143,320
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,518	12,214	7,064	2,169	22,659	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	112,327	64,499	58,366	108,407	118,152	95,136	225,912	170,751
misc current assets	0	0	0	0	0	19,793	18,248	0	0	0	0	0	0	0	0
total current assets	248,787	333,941	374,969	326,322	398,529	430,282	377,001	362,412	344,261	319,242	336,811	304,776	367,134	364,867	355,914
total assets	258,799	345,243	387,527	326,520	398,749	430,526	377,272	365,124	347,274	322,588	341,373	310,595	374,257	373,344	366,084
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	179,060	229,576	253,398	217,344	254,169	282,747	240,768	231,307	216,672	196,638	214,120	188,837	253,494	257,322	266,070
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	0	0	0	0	0	0	0	0	0	0
total current liabilities	179,060	229,576	253,398	217,344	254,169	282,747	240,768	231,307	216,672	196,638	214,120	188,837	253,494	257,322	266,070
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	1,109	2,553	1,429	3,385	2,019	1,916	1,717	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	0	0	0	0	0	0	0	0
total long term liabilities	1,109	2,553	1,429	3,385	2,019	1,916	1,717	0	0	0	0	0	0	0	0
total liabilities	180,169	232,129	254,827	220,729	256,188	284,663	242,485	231,307	216,672	196,638	214,120	188,837	253,494	257,322	266,070
net assets	78,630	113,114	132,700	105,791	142,561	145,863	134,787	133,817	130,602	125,950	127,253	121,758	120,763	116,022	100,014
total shareholders funds	78,630	113,114	132,700	105,791	142,561	145,863	134,787	133,817	130,602	125,950	127,253	121,758	120,763	116,022	100,014

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-34,484	-19,586	33,221	-36,770	-3,302	13,674	1,181	3,577	5,508	-1,720	6,570	776	5,604	21,242	138,343
Depreciation	0	0	0	0	0	0	0	301	335	1,216	1,257	1,304	1,354	1,693	2,130
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-6,312	0	0	-2,598	-251	-804	-1,163	0	-1,641	-314	-1,666	-6,225	-38,855
Stock	0	0	0	0	0	0	-102,233	-44,479	15,860	54,188	18,119	-41,207	61,506	-3,597	41,843
Debtors	-85,154	-41,028	48,647	-72,207	-11,960	51,736	210,901	14,802	3,026	-21,716	23,661	-44,167	71,537	-42,611	143,320
Creditors	-50,516	-23,822	36,054	-36,825	-28,578	41,979	9,461	14,635	20,034	-17,482	25,283	-64,657	-3,828	-8,748	266,070
Accruals and Deferred Income	-1,444	1,124	-1,956	1,366	103	199	1,717	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,290	-1,256	12,360	-22	-19,817	1,518	-96,560	47,386	5,828	-50,458	-10,311	22,483	-131,579	54,170	182,525
Investing Activities
capital expenditure	1,290	1,256	-12,360	22	24	27	2,441	0	-2	0	0	0	0	0	-12,300
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,290	1,256	-12,360	22	24	27	2,441	0	-2	0	0	0	0	0	-12,300
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	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	140	442	307	417	566	533	803	992	427
cash flow from financing	0	0	0	0	0	0	40	442	307	417	566	533	803	992	527
cash and cash equivalents
cash	0	0	0	0	0	0	-112,327	47,828	6,133	-50,041	-9,745	23,016	-130,776	55,161	170,751
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-112,327	47,828	6,133	-50,041	-9,745	23,016	-130,776	55,161	170,751

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AKAAL CLOTHING LIMITED group structure

Akaal Clothing Limited has no subsidiary companies.

Ultimate parent company

AKAAL CLOTHING LIMITED

06268720

AKAAL CLOTHING LIMITED Shareholders

naunihal dave	35%
gurdatar singh bance	33%
kultar singh bance	32%

Akaal Clothing Limited currently has 2 directors. The longest serving directors include Mr Gurdatar Bance (Jun 2007) and Mr Naunihal Bance (Aug 2010).

officer	country	age	start	end	role
Mr Gurdatar Bance	England	59 years	Jun 2007	-	Director
Mr Naunihal Bance		80 years	Aug 2010	-	Director

P&L

July 2023

turnover

687.6k

-30%

operating profit

-34.5k

gross margin

20.1%

+49.44%

turnover

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

Balance Sheet

July 2023

net assets

78.6k

-0.3%

total assets

258.8k

-0.25%

cash

net assets

Total assets minus all liabilities

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company number

06268720

Type

Private limited with Share Capital

industry

14131 - Manufacture of men's outerwear, other than leather clothes and workwear

incorporation date

June 2007

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

104/106 whitechapel road, london, E1 1JE

last accounts submitted

July 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.

We did not find charges/mortgages relating to akaal clothing limited.

akaal clothing limited Company Information

akaal clothing limited Estimated Valuation

akaal clothing limited Estimated Valuation

akaal clothing limited Estimated Valuation

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AKAAL CLOTHING LIMITED financials

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