Parliament Carpets Limited

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parliament carpets limited Company Information

Live

EstablishedMicroLow

Company Number

07156109

Website

www.parliamentcarpets.co.uk

Registered Address

194 brent street, hendon, london, NW4 1BE

Industry

Floor and wall covering

Telephone

02082032959

Next Accounts Due

September 2025

Group Structure

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Directors

Siamek Miraftab14 Years

Shareholders

siamek miraftab 60%

keon miraftab 40%

parliament carpets limited Estimated Valuation

£763.9k

Pomanda estimates the enterprise value of PARLIAMENT CARPETS LIMITED at £763.9k based on Net Assets of £414k and 1.85x industry multiple (adjusted for liquidity).

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Parliament Carpets Limited is a live company located in london, NW4 1BE with a Companies House number of 07156109. It operates in the floor and wall covering sector, SIC Code 43330. Founded in February 2010, it's largest shareholder is siamek miraftab with a 60% stake. Parliament Carpets Limited is a established, micro sized company, Pomanda has estimated its turnover at £282.2k with low growth in recent years.

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Pomanda's financial health check has awarded Parliament Carpets Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £282.2k, make it smaller than the average company (£415k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (7.9%)

EXPORT

Parliament Carpets Limited's latest turnover from December 2023 is estimated at £282.2 thousand and the company has net assets of £414 thousand. According to their latest financial statements, Parliament Carpets Limited has 4 employees and maintains cash reserves of £329.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Turnover	282,150	299,487	251,400	266,637	123,118	162,786	636,389	544,261	174,888	162,453	150,318	222,427	448,147	128,479
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	197,991	208,238	176,121	190,872	87,928	111,359	439,227	378,996	121,828	112,141	103,716	151,310	363,009	101,178
Gross Profit	84,159	91,250	75,279	75,765	35,190	51,427	197,161	165,265	53,060	50,312	46,603	71,118	85,138	27,301
Admin Expenses	-39,254	-25,788	16,406	-2,247	5,586	22,251	189,430	123,006	95,717	17,583	11,586	70,837	80,699	24,175
Operating Profit	123,413	117,038	58,873	78,012	29,604	29,176	7,731	42,259	-42,657	32,729	35,017	281	4,439	3,126
Interest Payable	3,295	3,768	2,953	1,525	0	0	0	0	0	0	0	328	0	0
Interest Receivable	15,887	8,097	580	227	978	427	0	70	310	356	297	176	9	0
Pre-Tax Profit	136,005	121,367	56,500	76,714	30,581	29,602	7,731	42,329	-42,347	33,085	35,314	129	4,448	2,474
Tax	-34,001	-23,060	-10,735	-14,576	-5,810	-5,624	-1,469	-8,466	0	-6,948	-8,122	-31	-956	-700
Profit After Tax	102,004	98,307	45,765	62,138	24,771	23,978	6,262	33,863	-42,347	26,137	27,192	98	3,492	1,774
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	102,004	98,307	45,765	62,138	24,771	23,978	6,262	33,863	-42,347	26,137	27,192	98	3,492	1,774
Employee Costs	158,557	123,498	156,772	114,961	117,855	157,669	151,653	115,393	41,496	41,551	40,543	78,956	111,679	35,076
Number Of Employees	4	4	4	4	3	4	4	3	1	1	1	2	3	1
EBITDA*	137,130	120,534	62,071	80,309	30,724	30,576	7,731	42,259	-42,156	33,354	35,794	1,257	5,626	3,676

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Tangible Assets	54,868	13,892	9,388	9,184	4,481	5,601	5,916	1,704	2,001	2,502	3,127	3,904	4,748	3,335
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	54,868	13,892	9,388	9,184	4,481	5,601	5,916	1,704	2,001	2,502	3,127	3,904	4,748	3,335
Stock & work in progress	1,000	1,000	1,000	1,000	1,000	1,000	0	0	12,500	13,654	500	750	5,250	3,650
Trade Debtors	0	0	0	0	638	7,919	127,610	100,831	7,118	19,485	13,156	23,758	15,815	23,442
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	203,505	193,656	182,700	2,148	5,038	4,725	0	0	0	0	0	0	0	0
Cash	329,513	305,966	156,719	307,071	146,947	113,844	0	0	55,636	68,262	74,063	44,668	25,756	48,444
misc current assets	0	0	0	0	0	0	1,106	4,745	0	0	0	0	0	0
total current assets	534,018	500,622	340,419	310,219	153,623	127,488	128,716	105,576	75,254	101,401	87,719	69,176	46,821	75,536
total assets	588,886	514,514	349,807	319,403	158,104	133,089	134,632	107,280	77,255	103,903	90,846	73,080	51,569	78,871
Bank overdraft	10,000	10,000	10,000	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	21,560	31,389	17,192	24,142	11,689	14,907	72,492	43,977	53,992	35,903	47,546	56,850	25,725	37,170
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	91,424	136,254	74,405	77,303	40,595	37,133	0	0	0	0	0	0	9,421	14,538
total current liabilities	122,984	177,643	101,597	101,445	52,284	52,040	72,492	43,977	53,992	35,903	47,546	56,850	35,146	51,708
loans	15,064	24,841	34,487	50,000	0	0	0	0	0	0	0	0	10,089	24,089
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	5,669	13,094	0	0	0	0	0	0
other liabilities	36,804	0	0	0	0	0	0	0	6,250	8,569	9,913	9,913	0	0
provisions	0	0	0	0	0	0	0	0	67	138	231	353	468	700
total long term liabilities	51,868	24,841	34,487	50,000	0	0	5,669	13,094	6,317	8,707	10,144	10,266	10,557	24,789
total liabilities	174,852	202,484	136,084	151,445	52,284	52,040	78,161	57,071	60,309	44,610	57,690	67,116	45,703	76,497
net assets	414,034	312,030	213,723	167,958	105,820	81,049	56,471	50,209	16,946	59,293	33,156	5,964	5,866	2,374
total shareholders funds	414,034	312,030	213,723	167,958	105,820	81,049	56,471	50,209	16,946	59,293	33,156	5,964	5,866	2,374

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Operating Activities
Operating Profit	123,413	117,038	58,873	78,012	29,604	29,176	7,731	42,259	-42,657	32,729	35,017	281	4,439	3,126
Depreciation	13,717	3,496	3,198	2,297	1,120	1,400	0	0	501	625	777	976	1,187	550
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-34,001	-23,060	-10,735	-14,576	-5,810	-5,624	-1,469	-8,466	0	-6,948	-8,122	-31	-956	-700
Stock	0	0	0	0	0	1,000	0	-12,500	-1,154	13,154	-250	-4,500	1,600	3,650
Debtors	9,849	10,956	180,552	-3,528	-6,968	-114,966	26,779	93,713	-12,367	6,329	-10,602	7,943	-7,627	23,442
Creditors	-9,829	14,197	-6,950	12,453	-3,218	-57,585	28,515	-10,015	18,089	-11,643	-9,304	31,125	-11,445	37,170
Accruals and Deferred Income	-44,830	61,849	-2,898	36,708	3,462	31,464	-7,425	13,094	0	0	0	-9,421	-5,117	14,538
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-67	-71	-93	-122	-115	-232	700
Cash flow from operations	38,621	162,564	-139,064	118,422	32,126	112,797	573	-44,408	-10,617	-4,813	29,098	19,372	-6,097	28,292
Investing Activities
capital expenditure	-54,693	-8,000	-3,402	-7,000	0	-1,085	-4,212	297	0	0	0	-132	-2,600	-3,885
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-54,693	-8,000	-3,402	-7,000	0	-1,085	-4,212	297	0	0	0	-132	-2,600	-3,885
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	-9,777	-9,646	-15,513	50,000	0	0	0	0	0	0	0	-10,089	-14,000	24,089
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	36,804	0	0	0	0	0	0	-6,250	-2,319	-1,344	0	9,913	0	0
share issue	0	0	0	0	0	600	0	-600	0	0	0	0	0	600
interest	12,592	4,329	-2,373	-1,298	978	427	0	70	310	356	297	-152	9	0
cash flow from financing	39,619	-5,317	-17,886	48,702	978	1,027	0	-6,780	-2,009	-988	297	-328	-13,991	24,689
cash and cash equivalents
cash	23,547	149,247	-150,352	160,124	33,103	113,844	0	-55,636	-12,626	-5,801	29,395	18,912	-22,688	48,444
overdraft	0	0	10,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	23,547	149,247	-160,352	160,124	33,103	113,844	0	-55,636	-12,626	-5,801	29,395	18,912	-22,688	48,444

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARLIAMENT CARPETS LIMITED group structure

Parliament Carpets Limited has no subsidiary companies.

Ultimate parent company

PARLIAMENT CARPETS LIMITED

07156109

PARLIAMENT CARPETS LIMITED Shareholders

siamek miraftab	60%
keon miraftab	40%

Parliament Carpets Limited currently has 1 director, Mr Siamek Miraftab serving since Feb 2010.

officer	country	age	start	end	role
Mr Siamek Miraftab	United Kingdom	63 years	Feb 2010	-	Director

P&L

December 2023

turnover

282.2k

-6%

operating profit

123.4k

gross margin

29.9%

-2.1%

turnover

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

Balance Sheet

December 2023

net assets

414k

+0.33%

total assets

588.9k

+0.14%

cash

329.5k

+0.08%

net assets

Total assets minus all liabilities

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company number

07156109

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

February 2010

ultimate parent company

None

previous names

N/A

address

194 brent street, hendon, london, NW4 1BE

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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parliament carpets limited Company Information

parliament carpets limited Estimated Valuation

parliament carpets limited Estimated Valuation

parliament carpets limited Estimated Valuation

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