Surma Laundry Limited

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surma laundry limited Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

06887419

Website

Registered Address

unit a abbotts wharf, 93 stainsby road, london, E14 6JL

Industry

Washing and (dry-)cleaning of textile and fur products

Telephone

01202668855

Next Accounts Due

253 days late

Group Structure

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Directors

Syed Alam2 Years

Shareholders

syed daud taha alam 50%

mostajid syed 50%

surma laundry limited Estimated Valuation

£381.4k

Pomanda estimates the enterprise value of SURMA LAUNDRY LIMITED at £381.4k based on a Turnover of £635.8k and 0.6x industry multiple (adjusted for size and gross margin).

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Surma Laundry Limited is a live company located in london, E14 6JL with a Companies House number of 06887419. It operates in the washing and (dry-)cleaning of textile and fur products sector, SIC Code 96010. Founded in April 2009, it's largest shareholder is syed daud taha alam with a 50% stake. Surma Laundry Limited is a established, small sized company, Pomanda has estimated its turnover at £635.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Surma Laundry Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £635.8k, make it smaller than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (-7.6%)

EXPORT

Surma Laundry Limited's latest turnover from April 2022 is estimated at £635.8 thousand and the company has net assets of -£264.7 thousand. According to their latest financial statements, Surma Laundry Limited has 20 employees and maintains cash reserves of £26.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	635,802	610,142	1,215,763	1,858,875	977,148	800,251	693,602	507,581	453,863	108,890	127,671	132,139	169,207
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	404,893	467,853	670,139	1,055,724	517,436	378,672	326,427	256,135	235,587	29,929	33,068	29,384	42,642
Gross Profit	230,909	142,289	545,624	803,151	459,712	421,579	367,175	251,446	218,276	78,961	94,603	102,755	126,565
Admin Expenses	309,415	173,774	567,550	828,768	479,324	411,047	385,198	243,306	226,213	108,719	99,120	118,460	153,110
Operating Profit	-78,506	-31,485	-21,926	-25,617	-19,612	10,532	-18,023	8,140	-7,937	-29,758	-4,517	-15,705	-26,545
Interest Payable	0	0	339	375	0	19	20	0	0	0	0	0	0
Interest Receivable	428	74	30	1	27	13	0	0	0	0	0	16	16
Pre-Tax Profit	-78,078	-31,411	-22,235	-25,991	-19,585	10,526	-18,043	8,140	-7,937	-29,758	-4,517	-15,689	-26,529
Tax	0	0	0	0	0	-2,000	0	-1,628	0	0	0	0	0
Profit After Tax	-78,078	-31,411	-22,235	-25,991	-19,585	8,526	-18,043	6,512	-7,937	-29,758	-4,517	-15,689	-26,529
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-78,078	-31,411	-22,235	-25,991	-19,585	8,526	-18,043	6,512	-7,937	-29,758	-4,517	-15,689	-26,529
Employee Costs	397,160	372,482	376,082	915,342	452,066	360,669	307,926	234,225	184,940	53,414	56,384	72,381	84,791
Number Of Employees	20	20	20	45	23	20	16	12	10	3	3	4	5
EBITDA*	-78,506	-25,914	-21,926	-25,617	-17,132	16,745	-11,810	11,874	-4,204	-26,025	-784	-10,312	-21,151

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	105,872	105,872	74,957	74,515	58,674	61,154	45,966	48,637	17,156	19,964	22,819	25,165	30,558
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	105,872	105,872	74,957	74,515	58,674	61,154	45,966	48,637	17,156	19,964	22,819	25,165	30,558
Stock & work in progress	67,649	67,649	272,112	242,112	186,537	180,962	160,707	110,452	90,197	50,197	44,622	34,261	16,900
Trade Debtors	0	0	0	0	0	0	0	27,651	21,465	3,848	8,970	11,586	15,516
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	22,076	47,553	0	0	41,007	38,425	34,321	0	0	0	0	0	0
Cash	26,617	87,581	60,349	0	278	10,394	0	0	0	0	0	0	6,437
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	116,342	202,783	332,461	242,112	227,822	229,781	195,028	138,103	111,662	54,045	53,592	45,847	38,853
total assets	222,214	308,655	407,418	316,627	286,496	290,935	240,994	186,740	128,818	74,009	76,411	71,012	69,411
Bank overdraft	0	0	0	11,110	0	0	602	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	58,718	76,688	129,905	125,243	97,243	111,377	134,508	264,656	213,246	150,500	123,144	113,228	70,191
Group/Directors Accounts	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
hp & lease commitments	53,516	58,978	18,378	18,378	18,378	18,378	0	0	0	0	0	0	0
other current liabilities	374,713	359,644	414,379	294,905	277,893	248,613	201,843	0	0	0	0	0	0
total current liabilities	486,947	495,310	562,662	449,636	393,514	378,368	336,953	264,656	213,246	150,500	123,144	113,228	70,191
loans	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
Accruals and Deferred Income	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	25,747
provisions	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	25,747
total liabilities	486,947	495,310	562,662	449,636	393,514	378,368	336,953	264,656	213,246	150,500	123,144	113,228	95,938
net assets	-264,733	-186,655	-155,244	-133,009	-107,018	-87,433	-95,959	-77,916	-84,428	-76,491	-46,733	-42,216	-26,527
total shareholders funds	-264,733	-186,655	-155,244	-133,009	-107,018	-87,433	-95,959	-77,916	-84,428	-76,491	-46,733	-42,216	-26,527

	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-78,506	-31,485	-21,926	-25,617	-19,612	10,532	-18,023	8,140	-7,937	-29,758	-4,517	-15,705	-26,545
Depreciation	0	5,571	0	0	2,480	6,213	6,213	3,734	3,733	3,733	3,733	5,393	5,394
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-2,000	0	-1,628	0	0	0	0	0
Stock	0	-204,463	30,000	55,575	5,575	20,255	50,255	20,255	40,000	5,575	10,361	17,361	16,900
Debtors	-25,477	47,553	0	-41,007	2,582	4,104	6,670	6,186	17,617	-5,122	-2,616	-3,930	15,516
Creditors	-17,970	-53,217	4,662	28,000	-14,134	-23,131	-130,148	51,410	62,746	27,356	9,916	43,037	70,191
Accruals and Deferred Income	15,069	-54,735	119,474	17,012	29,280	46,770	201,843	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-55,930	23,044	72,210	4,827	-10,143	14,025	2,960	35,215	925	878	1,387	19,294	16,624
Investing Activities
capital expenditure	0	-36,486	-442	-15,841	0	-21,401	-3,542	-35,215	-925	-878	-1,387	0	-35,952
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-36,486	-442	-15,841	0	-21,401	-3,542	-35,215	-925	-878	-1,387	0	-35,952
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	-5,462	40,600	0	0	0	18,378	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-25,747	25,747
share issue	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	428	74	-309	-374	27	-6	-20	0	0	0	0	16	16
cash flow from financing	-5,034	40,674	-309	-374	27	18,372	-20	0	0	0	0	-25,731	25,765
cash and cash equivalents
cash	-60,964	27,232	60,349	-278	-10,116	10,394	0	0	0	0	0	-6,437	6,437
overdraft	0	0	-11,110	11,110	0	-602	602	0	0	0	0	0	0
change in cash	-60,964	27,232	71,459	-11,388	-10,116	10,996	-602	0	0	0	0	-6,437	6,437

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 surma laundry limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.

SURMA LAUNDRY LIMITED group structure

Surma Laundry Limited has no subsidiary companies.

Ultimate parent company

SURMA LAUNDRY LIMITED

06887419

SURMA LAUNDRY LIMITED Shareholders

syed daud taha alam	50%
mostajid syed	50%

Surma Laundry Limited currently has 1 director, Mr Syed Alam serving since Jul 2022.

officer	country	age	start	end	role
Mr Syed Alam	United Kingdom	52 years	Jul 2022	-	Director

P&L

April 2022

turnover

635.8k

+4%

operating profit

-78.5k

gross margin

36.4%

+55.73%

turnover

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

Balance Sheet

April 2022

net assets

-264.7k

+0.42%

total assets

222.2k

-0.28%

cash

26.6k

-0.7%

net assets

Total assets minus all liabilities

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company number

06887419

Type

Private limited with Share Capital

industry

96010 - Washing and (dry-)cleaning of textile and fur products

incorporation date

April 2009

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2022

address

unit a abbotts wharf, 93 stainsby road, london, E14 6JL

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 surma laundry limited.

surma laundry limited Company Information

surma laundry limited Estimated Valuation

surma laundry limited Estimated Valuation

surma laundry limited Estimated Valuation

Surma Laundry Limited Overview

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SURMA LAUNDRY LIMITED financials

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surma laundry limited directors

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