Clements Carpets Limited

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clements carpets limited Company Information

Dissolved

Company Number

06604041

Website

clements.co.uk

Registered Address

1st floor 21 station road, watford, hertfordshire, WD17 1AP

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Telephone

Next Accounts Due

October 2024

Group Structure

View All

Directors

Clive Hornibrook16 Years

Alan Hornibrook14 Years

Shareholders

mr alan john hornibrook 50%

mr clive roy hornibrook 50%

clements carpets limited Estimated Valuation

£89.9k

Pomanda estimates the enterprise value of CLEMENTS CARPETS LIMITED at £89.9k based on a Turnover of £305.5k and 0.29x industry multiple (adjusted for size and gross margin).

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Clements Carpets Limited is a dissolved company that was located in hertfordshire, WD17 1AP with a Companies House number of 06604041. It operated in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in May 2008, it's largest shareholder was mr alan john hornibrook with a 50% stake. The last turnover for Clements Carpets Limited was estimated at £305.5k.

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Pomanda's financial health check has awarded Clements Carpets Limited a 2 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 Rating2out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £305.5k, make it smaller than the average company (£574.5k)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.8%)

EXPORT

Clements Carpets Limited's latest turnover from May 2017 is estimated at £305.5 thousand and the company has net assets of £1.4 thousand. According to their latest financial statements, we estimate that Clements Carpets Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	305,490	304,420	206,450	192,630	122,704	179,529	329,127	123,985
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	215,715	216,740	150,235	136,175	86,002	124,397	225,335	85,277
Gross Profit	89,776	87,680	56,215	56,455	36,702	55,133	103,793	38,709
Admin Expenses	90,083	91,511	91,553	72,581	54,566	28,191	73,988	-5,303
Operating Profit	-307	-3,831	-35,338	-16,126	-17,864	26,942	29,805	44,012
Interest Payable	0	0	0	0	0	0	0	0
Interest Receivable	23	46	0	33	155	236	165	52
Pre-Tax Profit	-284	-3,785	-35,338	-16,093	-17,709	27,178	29,970	44,064
Tax	0	0	0	0	0	-6,523	-7,792	-12,338
Profit After Tax	-284	-3,785	-35,338	-16,093	-17,709	20,655	22,178	31,726
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	-284	-3,785	-35,338	-16,093	-17,709	20,655	22,178	31,726
Employee Costs	50,931	49,818	48,545	48,286	23,055	42,249	39,980	22,914
Number Of Employees	2	2	2	2	1	2	2	1
EBITDA*	-307	9,407	-17,685	7,067	-15,727	34,098	54,588	45,145

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	48,471	39,716	52,954	66,307	6,408	8,345	3,953	3,398
Intangible Assets	0	14,000	14,000	14,000	14,000	14,000	18,375	33,090
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	48,471	53,716	66,954	80,307	20,408	22,345	22,328	36,488
Stock & work in progress	0	89,178	103,458	109,957	49,247	59,892	96,454	26,611
Trade Debtors	49,786	0	11,636	12,512	12,512	0	0	0
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0
Cash	0	18,246	6	0	13,168	48,926	45,305	20,685
misc current assets	0	0	0	0	0	0	0	0
total current assets	49,786	107,424	115,100	122,469	74,927	108,818	141,759	47,296
total assets	98,257	161,140	182,054	202,776	95,335	131,163	164,087	83,784
Bank overdraft	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	60,882	111,980	102,402	68,475	38,483	56,602	102,329	37,042
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0
total current liabilities	60,882	111,980	102,402	68,475	38,483	56,602	102,329	37,042
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	36,025	47,524	74,231	93,542	0	0	7,852	15,014
provisions	0	0	0	0	0	0	0	0
total long term liabilities	36,025	47,524	74,231	93,542	0	0	7,852	15,014
total liabilities	96,907	159,504	176,633	162,017	38,483	56,602	110,181	52,056
net assets	1,350	1,636	5,421	40,759	56,852	74,561	53,906	31,728
total shareholders funds	1,350	1,636	5,421	40,759	56,852	74,561	53,906	31,728

	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-307	-3,831	-35,338	-16,126	-17,864	26,942	29,805	44,012
Depreciation	0	13,238	17,653	23,193	2,137	2,781	1,318	1,133
Amortisation	0	0	0	0	0	4,375	23,465	0
Tax	0	0	0	0	0	-6,523	-7,792	-12,338
Stock	-89,178	-14,280	-6,499	60,710	-10,645	-36,562	69,843	26,611
Debtors	49,786	-11,636	-876	0	12,512	0	0	0
Creditors	-51,098	9,578	33,927	29,992	-18,119	-45,727	65,287	37,042
Accruals and Deferred Income	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	-12,013	44,901	23,617	-23,651	-35,713	18,410	42,240	43,238
Investing Activities
capital expenditure	5,245	0	-4,300	-83,092	-200	-7,173	-10,623	-37,621
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	5,245	0	-4,300	-83,092	-200	-7,173	-10,623	-37,621
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0
other long term liabilities	-11,499	-26,707	-19,311	93,542	0	-7,852	-7,162	15,014
share issue	-2	0	0	0	0	0	0	2
interest	23	46	0	33	155	236	165	52
cash flow from financing	-11,478	-26,661	-19,311	93,575	155	-7,616	-6,997	15,068
cash and cash equivalents
cash	-18,246	18,240	6	-13,168	-35,758	3,621	24,620	20,685
overdraft	0	0	0	0	0	0	0	0
change in cash	-18,246	18,240	6	-13,168	-35,758	3,621	24,620	20,685

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 clements carpets limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in WD17 area or any other competitors across 12 key performance metrics.

CLEMENTS CARPETS LIMITED group structure

Clements Carpets Limited has no subsidiary companies.

Ultimate parent company

CLEMENTS CARPETS LIMITED

06604041

CLEMENTS CARPETS LIMITED Shareholders

mr alan john hornibrook	50%
mr clive roy hornibrook	50%

Clements Carpets Limited currently has 2 directors. The longest serving directors include Mr Clive Hornibrook (May 2008) and Mr Alan Hornibrook (Aug 2010).

officer	country	age	start	end	role
Mr Clive Hornibrook	England	66 years	May 2008	-	Director
Mr Alan Hornibrook	United Kingdom	67 years	Aug 2010	-	Director

P&L

May 2017

turnover

305.5k

operating profit

-306.8

gross margin

29.4%

+2.03%

turnover

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

Balance Sheet

May 2017

net assets

1.4k

-0.17%

total assets

98.3k

-0.39%

cash

-1%

net assets

Total assets minus all liabilities

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company number

06604041

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

May 2008

ultimate parent company

None

previous names

N/A

address

1st floor 21 station road, watford, hertfordshire, WD17 1AP

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 clements carpets limited.

clements carpets limited Company Information

clements carpets limited Estimated Valuation

clements carpets limited Estimated Valuation

clements carpets limited Estimated Valuation

Clements Carpets Limited Overview

Clements Carpets Limited Health Check

CLEMENTS CARPETS LIMITED financials

clements carpets limited Credit Report and Business Information

Clements Carpets Limited Competitor Analysis

clements carpets limited Ownership

clements carpets limited directors

clements carpets limited company details

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