Planks Clothing Ltd

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planks clothing ltd Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

07086504

Website

www.planksclothing.com

Registered Address

els advisory limited, 31 harrogate road, leeds, LS7 3PD

Industry

Manufacture of other wearing apparel and accessories

Telephone

01615031890

Next Accounts Due

February 2025

Group Structure

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Directors

James Adlington14 Years

Hugh Clow14 Years

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Shareholders

james andrew adlington 11%

hugh charles clow 10.5%

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planks clothing ltd Estimated Valuation

£671.6k

Pomanda estimates the enterprise value of PLANKS CLOTHING LTD at £671.6k based on a Turnover of £1.1m and 0.63x industry multiple (adjusted for size and gross margin).

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Planks Clothing Ltd is a live company located in leeds, LS7 3PD with a Companies House number of 07086504. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in November 2009, it's largest shareholder is james andrew adlington with a 11% stake. Planks Clothing Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Planks Clothing Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£10.3m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (6.3%)

EXPORT

Planks Clothing Ltd's latest turnover from May 2023 is estimated at £1.1 million and the company has net assets of £73.4 thousand. According to their latest financial statements, Planks Clothing Ltd has 12 employees and maintains cash reserves of £12 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,058,356	1,191,239	1,443,379	1,937,862	1,405,571	952,197	1,125,124	558,670	863,917	844,505	633,759	165,254	106,559	40,627
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	685,326	762,491	993,991	1,307,462	942,320	652,843	767,730	373,172	594,967	560,515	418,666	105,652	66,910	24,034
Gross Profit	373,030	428,747	449,388	630,399	463,251	299,355	357,393	185,497	268,950	283,991	215,093	59,602	39,649	16,594
Admin Expenses	923,352	1,271,918	1,291,556	1,406,076	1,076,747	668,636	539,742	433,131	447,810	302,803	206,245	66,507	35,086	25,834
Operating Profit	-550,322	-843,171	-842,168	-775,677	-613,496	-369,281	-182,349	-247,634	-178,860	-18,812	8,848	-6,905	4,563	-9,240
Interest Payable	118,207	116,985	94,323	40,264	22,975	11,164	14,325	9,452	0	0	0	0	0	0
Interest Receivable	3,003	1,171	98	70	427	321	100	45	30	116	165	90	31	0
Pre-Tax Profit	-665,525	-958,986	-936,392	-815,871	-636,044	-380,124	-196,574	-257,042	-178,830	-18,696	9,013	-6,815	4,595	-9,240
Tax	0	0	0	0	0	0	0	0	0	0	-2,073	0	-1,195	0
Profit After Tax	-665,525	-958,986	-936,392	-815,871	-636,044	-380,124	-196,574	-257,042	-178,830	-18,696	6,940	-6,815	3,400	-9,240
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-665,525	-958,986	-936,392	-815,871	-636,044	-380,124	-196,574	-257,042	-178,830	-18,696	6,940	-6,815	3,400	-9,240
Employee Costs	434,237	421,219	361,913	365,387	330,416	155,016	288,145	91,238	146,410	144,034	118,335	26,970	25,838	25,093
Number Of Employees	12	13	12	12	11	5	10	3	5	5	4	1	1	1
EBITDA*	-541,493	-826,718	-824,957	-762,247	-603,740	-362,074	-180,774	-247,634	-178,860	-18,812	8,848	-6,905	4,563	-9,240

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	29,366	10,341	25,416	29,941	18,353	12,853	4,725	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0
Total Fixed Assets	29,366	10,341	25,416	29,941	18,353	12,853	4,725	0	0	0	0	0	0	0
Stock & work in progress	653,092	469,802	686,984	444,642	133,067	423,848	160,138	109,891	219,068	21,051	14,245	12,060	0	1,493
Trade Debtors	61,806	140,087	159,536	68,932	288,006	69,533	168,967	89,072	5,906	160,223	113,655	15,668	9,300	4,616
Group Debtors	612,135	523,996	504,479	516,557	352,292	240,776	0	0	0	0	0	0	0	0
Misc Debtors	268,207	339,267	250,413	277,863	314,257	24,445	6,848	23,702	0	17,641	17,364	0	0	0
Cash	12,045	121,442	112,691	83,736	55,858	58,108	70,269	9,738	8,102	3,718	42,637	23,548	12,534	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,607,285	1,594,594	1,714,103	1,391,730	1,143,480	816,710	406,222	232,403	233,076	202,633	187,901	51,276	21,834	6,109
total assets	1,636,651	1,604,935	1,739,519	1,421,671	1,161,833	829,563	410,947	232,403	233,076	202,633	187,901	51,276	21,834	6,109
Bank overdraft	8,499	101,197	52,257	197	15,327	9,001	109,091	11,486	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	118,711	85,818	174,584	535,807	161,668	198,328	156,189	92,548	348,182	138,909	105,481	63,831	27,574	15,249
Group/Directors Accounts	0	0	0	0	3,325	28,951	0	0	0	0	0	0	0	0
other short term finances	0	375,400	1,385,002	815,089	489,502	166,919	58,483	50,000	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	258,111	165,424	226,420	114,463	246,261	128,265	101,038	221,162	0	0	0	0	0	0
total current liabilities	385,321	727,839	1,838,263	1,465,556	916,083	531,464	424,801	375,196	348,182	138,909	105,481	63,831	27,574	15,249
loans	1,177,881	588,580	840,000	0	0	0	0	229,355	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	1,177,881	588,580	840,000	0	0	0	0	229,355	0	0	0	0	0	0
total liabilities	1,563,202	1,316,419	2,678,263	1,465,556	916,083	531,464	424,801	604,551	348,182	138,909	105,481	63,831	27,574	15,249
net assets	73,449	288,516	-938,744	-43,885	245,750	298,099	-13,854	-372,148	-115,106	63,724	82,420	-12,555	-5,740	-9,140
total shareholders funds	73,449	288,516	-938,744	-43,885	245,750	298,099	-13,854	-372,148	-115,106	63,724	82,420	-12,555	-5,740	-9,140

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-550,322	-843,171	-842,168	-775,677	-613,496	-369,281	-182,349	-247,634	-178,860	-18,812	8,848	-6,905	4,563	-9,240
Depreciation	8,829	16,453	17,211	13,430	9,756	7,207	1,575	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	-2,073	0	-1,195	0
Stock	183,290	-217,182	242,342	311,575	-290,781	263,710	50,247	-109,177	198,017	6,806	2,185	12,060	-1,493	1,493
Debtors	-61,202	88,922	51,076	-91,203	619,801	158,939	63,041	106,868	-171,958	46,845	115,351	6,368	4,684	4,616
Creditors	32,893	-88,766	-361,223	374,139	-36,660	42,139	63,641	-255,634	209,273	33,428	41,650	36,257	12,325	15,249
Accruals and Deferred Income	92,687	-60,996	111,957	-131,798	117,996	27,227	-120,124	221,162	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	-538,001	-848,220	-1,367,641	-740,278	-851,424	-715,357	-350,545	-279,797	4,354	-39,035	-69,111	10,924	12,502	-100
Investing Activities
capital expenditure	-27,854	-1,378	-12,686	-25,018	-15,256	-15,335	-6,300	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-27,854	-1,378	-12,686	-25,018	-15,256	-15,335	-6,300	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-3,325	-25,626	28,951	0	0	0	0	0	0	0	0
Other Short Term Loans	-375,400	-1,009,602	569,913	325,587	322,583	108,436	8,483	50,000	0	0	0	0	0	0
Long term loans	589,301	-251,420	840,000	0	0	0	-229,355	229,355	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	450,458	2,186,246	41,533	526,236	583,695	692,077	554,868	0	0	0	88,035	0	0	100
interest	-115,204	-115,814	-94,225	-40,194	-22,548	-10,843	-14,225	-9,407	30	116	165	90	31	0
cash flow from financing	549,155	809,410	1,357,221	808,304	858,104	818,621	319,771	269,948	30	116	88,200	90	31	100
cash and cash equivalents
cash	-109,397	8,751	28,955	27,878	-2,250	-12,161	60,531	1,636	4,384	-38,919	19,089	11,014	12,534	0
overdraft	-92,698	48,940	52,060	-15,130	6,326	-100,090	97,605	11,486	0	0	0	0	0	0
change in cash	-16,699	-40,189	-23,105	43,008	-8,576	87,929	-37,074	-9,850	4,384	-38,919	19,089	11,014	12,534	0

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 planks clothing ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LS7 area or any other competitors across 12 key performance metrics.

PLANKS CLOTHING LTD group structure

Planks Clothing Ltd has no subsidiary companies.

Ultimate parent company

PLANKS CLOTHING LTD

07086504

PLANKS CLOTHING LTD Shareholders

james andrew adlington	11.04%
hugh charles clow	10.53%
future fund	6.82%
dominic collins	6.45%
crowdcube nominees	4.58%
jasper cuppaidge	4.42%
michael fischer	4.17%
nicola ryan	3.59%
jeremy robinson	2.71%
sara zaben	2.58%

Planks Clothing Ltd currently has 4 directors. The longest serving directors include Mr James Adlington (Nov 2009) and Mr Hugh Clow (Nov 2009).

officer	country	age	start	end	role
Mr James Adlington		48 years	Nov 2009	-	Director
Mr Hugh Clow		44 years	Nov 2009	-	Director
Ms Gabrielle Hase	England	56 years	Nov 2020	-	Director
Mr Franck Waterlot		55 years	Nov 2020	-	Director

P&L

May 2023

turnover

1.1m

-11%

operating profit

-550.3k

gross margin

35.3%

-2.07%

turnover

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

Balance Sheet

May 2023

net assets

73.4k

-0.75%

total assets

1.6m

+0.02%

cash

12k

-0.9%

net assets

Total assets minus all liabilities

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company number

07086504

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

November 2009

ultimate parent company

None

previous names

N/A

address

els advisory limited, 31 harrogate road, leeds, LS7 3PD

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 5 charges/mortgages relating to planks clothing ltd. Currently there are 4 open charges and 1 have been satisfied in the past.

planks clothing ltd Company Information

planks clothing ltd Estimated Valuation

planks clothing ltd Estimated Valuation

planks clothing ltd Estimated Valuation

Planks Clothing Ltd Overview

Planks Clothing Ltd Health Check

PLANKS CLOTHING LTD financials

planks clothing ltd Credit Report and Business Information

Planks Clothing Ltd Competitor Analysis

planks clothing ltd Ownership

planks clothing ltd directors

planks clothing ltd company details

planks clothing ltd Charges & Mortgages

planks clothing ltd Companies House Filings - See Documents