Washing and (dry-)cleaning of textile and fur products
Registered Address
6 redhead buildings, garden lane, south shields, tyne and wear, NE33 1PS
Website
-
northern linen ltdEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of NORTHERN LINEN LTD at £1.5m based on a Turnover of £3m and 0.52x industry multiple (adjusted for size and gross margin).
northern linen ltdEstimated Valuation
£84.1k
Pomanda estimates the enterprise value of NORTHERN LINEN LTD at £84.1k based on an EBITDA of £28.5k and a 2.95x industry multiple (adjusted for size and gross margin).
northern linen ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of NORTHERN LINEN LTD at £0 based on Net Assets of £-430.9k and 2.33x industry multiple (adjusted for liquidity).
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Northern Linen LtdOverview
Northern Linen Ltd is a dissolved company that was located in south shields, NE33 1PS with a Companies House number of 07678178. It operated in the washing and (dry-)cleaning of textile and fur products sector, SIC Code 96010. Founded in June 2011, it's largest shareholder was
dewan chowdhury
with a 100% stake. The last turnover for Northern Linen Ltd was estimated at £3m.
Pomanda's financial health check has awarded Northern Linen Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £3m, make it larger than the average company (£1m)
£3m - Northern Linen Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 90%, show it is growing at a faster rate (5%)
90% - Northern Linen Ltd
5% - Industry AVG
Production
with a gross margin of 43.2%, this company has a comparable cost of product (43.2%)
43.2% - Northern Linen Ltd
43.2% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (4.8%)
1% - Northern Linen Ltd
4.8% - Industry AVG
Employees
with 63 employees, this is below the industry average (97)
63 - Northern Linen Ltd
97 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)
£20.7k - Northern Linen Ltd
£20.7k - Industry AVG
Efficiency
resulting in sales per employee of £47.2k, this is equally as efficient (£47.3k)
£47.2k - Northern Linen Ltd
£47.3k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (52 days)
48 days - Northern Linen Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 147 days, this is slower than average (42 days)
147 days - Northern Linen Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is more than average (13 days)
52 days - Northern Linen Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Northern Linen Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 164%, this is a higher level of debt than the average (64%)
164% - Northern Linen Ltd
64% - Industry AVG
NORTHERN LINEN LTD financials
EXPORT
Northern Linen Ltd's latest turnover from June 2019 is estimated at £3 million and the company has net assets of -£430.9 thousand. According to their latest financial statements, we estimate that Northern Linen Ltd has 63 employees and maintains cash reserves of £1.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Turnover
2,975,954
2,354,523
1,250,418
434,631
499,930
472,570
232,414
159,850
Other Income Or Grants
Cost Of Sales
1,690,154
1,315,405
692,695
227,568
214,479
243,068
63,490
42,613
Gross Profit
1,285,800
1,039,118
557,723
207,064
285,451
229,502
168,924
117,238
Admin Expenses
1,257,338
1,158,087
584,286
300,194
333,681
283,788
247,056
122,670
Operating Profit
28,462
-118,969
-26,563
-93,130
-48,230
-54,286
-78,132
-5,432
Interest Payable
10,424
9,100
7,968
3,977
Interest Receivable
13
9
8
19
17
14
29
24
Pre-Tax Profit
18,051
-128,060
-34,523
-97,089
-48,213
-54,272
-78,103
-5,408
Tax
-3,430
Profit After Tax
14,621
-128,060
-34,523
-97,089
-48,213
-54,272
-78,103
-5,408
Dividends Paid
Retained Profit
14,621
-128,060
-34,523
-97,089
-48,213
-54,272
-78,103
-5,408
Employee Costs
1,306,249
1,026,335
572,721
194,754
214,707
205,462
107,094
74,043
Number Of Employees
63
50
29
10
11
11
6
4
EBITDA*
28,462
-118,969
-26,563
-90,040
-45,140
-51,196
-78,082
-5,382
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Tangible Assets
27,630
27,630
27,630
27,630
24,720
27,810
400
450
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
27,630
27,630
27,630
27,630
24,720
27,810
400
450
Stock & work in progress
244,815
244,815
226,255
226,255
131,255
71,255
1,255
1,255
Trade Debtors
399,503
318,392
130,579
1,122
24,727
24,917
33,580
21,417
Group Debtors
Misc Debtors
Cash
1,712
1,712
1,712
4,448
3,019
3,968
1,829
9,653
misc current assets
total current assets
646,030
564,919
358,546
231,825
159,001
100,140
36,664
32,325
total assets
673,660
592,549
386,176
259,455
183,721
127,950
37,064
32,775
Bank overdraft
161,465
147,394
132,591
122,375
Bank loan
Trade Creditors
681,549
635,892
476,856
341,556
369,617
265,633
120,475
38,083
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
261,593
254,831
94,237
78,509
total current liabilities
1,104,607
1,038,117
703,684
542,440
369,617
265,633
120,475
38,083
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
1,104,607
1,038,117
703,684
542,440
369,617
265,633
120,475
38,083
net assets
-430,947
-445,568
-317,508
-282,985
-185,896
-137,683
-83,411
-5,308
total shareholders funds
-430,947
-445,568
-317,508
-282,985
-185,896
-137,683
-83,411
-5,308
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Operating Activities
Operating Profit
28,462
-118,969
-26,563
-93,130
-48,230
-54,286
-78,132
-5,432
Depreciation
3,090
3,090
3,090
50
50
Amortisation
Tax
-3,430
Stock
18,560
95,000
60,000
70,000
1,255
Debtors
81,111
187,813
129,457
-23,605
-190
-8,663
12,163
21,417
Creditors
45,657
159,036
135,300
-28,061
103,984
145,158
82,392
38,083
Accruals and Deferred Income
6,762
160,594
15,728
78,509
Deferred Taxes & Provisions
Cash flow from operations
-3,660
-5,712
-4,992
-110,987
-966
32,625
-7,853
10,029
Investing Activities
capital expenditure
-6,000
-30,500
-500
Change in Investments
cash flow from investments
-6,000
-30,500
-500
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
-10,411
-9,091
-7,960
-3,958
17
14
29
24
cash flow from financing
-10,411
-9,091
-7,960
-3,958
17
14
29
124
cash and cash equivalents
cash
-2,736
1,429
-949
2,139
-7,824
9,653
overdraft
14,071
14,803
10,216
122,375
change in cash
-14,071
-14,803
-12,952
-120,946
-949
2,139
-7,824
9,653
northern linen ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for northern linen ltd. Get real-time insights into northern linen ltd's credit score, group structure and payment trends.
Perform a competitor analysis for northern linen ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other undefined companies, companies in NE33 area or any other competitors across 12 key performance metrics.
northern linen ltd Ownership
NORTHERN LINEN LTD group structure
Northern Linen Ltd has no subsidiary companies.
Ultimate parent company
NORTHERN LINEN LTD
07678178
NORTHERN LINEN LTD Shareholders
The sole shareholder of Northern Linen Ltd is Dewan Chowdhury.
dewan chowdhury
100%
northern linen ltd directors
Northern Linen Ltd currently has 1 director, Mr Dewan Chowdhury serving since Jul 2014.
96010 - Washing and (dry-)cleaning of textile and fur products
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
June 2019
previous names
N/A
accountant
-
auditor
-
address
6 redhead buildings, garden lane, south shields, tyne and wear, NE33 1PS
Bank
-
Legal Advisor
-
northern linen ltd Charges & Mortgages
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 northern linen ltd.
northern linen ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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northern linen ltdCompanies House Filings - See Documents
