nineteen seventy eight limited
nineteen seventy eight limited Company Information
Company Number
07868044
Next Accounts
487 days late
Industry
Retail sale of clothing in specialised stores
Directors
Shareholders
shahid ali
Group Structure
View All
Contact
Registered Address
8 fusion court aberford road, leeds, LS25 2GH
Website
http://threadsmenswear.comnineteen seventy eight limited Estimated Valuation
Pomanda estimates the enterprise value of NINETEEN SEVENTY EIGHT LIMITED at £420.8k based on a Turnover of £1.1m and 0.38x industry multiple (adjusted for size and gross margin).
nineteen seventy eight limited Estimated Valuation
Pomanda estimates the enterprise value of NINETEEN SEVENTY EIGHT LIMITED at £361.6k based on an EBITDA of £90.9k and a 3.98x industry multiple (adjusted for size and gross margin).
nineteen seventy eight limited Estimated Valuation
Pomanda estimates the enterprise value of NINETEEN SEVENTY EIGHT LIMITED at £535.7k based on Net Assets of £218k and 2.46x industry multiple (adjusted for liquidity).
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Nineteen Seventy Eight Limited Overview
Nineteen Seventy Eight Limited is a live company located in leeds, LS25 2GH with a Companies House number of 07868044. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in December 2011, it's largest shareholder is shahid ali with a 100% stake. Nineteen Seventy Eight Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with high growth in recent years.
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Nineteen Seventy Eight Limited Health Check
Pomanda's financial health check has awarded Nineteen Seventy Eight Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£6.2m)
- Nineteen Seventy Eight Limited
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (-8.2%)
- Nineteen Seventy Eight Limited
-8.2% - Industry AVG
Production
with a gross margin of 49%, this company has a comparable cost of product (49%)
- Nineteen Seventy Eight Limited
49% - Industry AVG
Profitability
an operating margin of 8.2% make it more profitable than the average company (3.1%)
- Nineteen Seventy Eight Limited
3.1% - Industry AVG
Employees
with 6 employees, this is below the industry average (57)
6 - Nineteen Seventy Eight Limited
57 - Industry AVG
Pay Structure
on an average salary of £25.3k, the company has an equivalent pay structure (£25.3k)
- Nineteen Seventy Eight Limited
£25.3k - Industry AVG
Efficiency
resulting in sales per employee of £184.6k, this is more efficient (£113.3k)
- Nineteen Seventy Eight Limited
£113.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Nineteen Seventy Eight Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 274 days, this is slower than average (49 days)
- Nineteen Seventy Eight Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 742 days, this is more than average (164 days)
- Nineteen Seventy Eight Limited
164 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Nineteen Seventy Eight Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.6%, this is a similar level of debt than the average (75.5%)
81.6% - Nineteen Seventy Eight Limited
75.5% - Industry AVG
NINETEEN SEVENTY EIGHT LIMITED financials
Nineteen Seventy Eight Limited's latest turnover from December 2021 is estimated at £1.1 million and the company has net assets of £218 thousand. According to their latest financial statements, Nineteen Seventy Eight Limited has 6 employees and maintains cash reserves of £29.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 6 | 6 | 6 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,614 | 1,394 | 1,039 | 1,299 | 0 | 2,522 | 25,730 | 48,938 | 68,648 | 86,558 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 5,614 | 1,394 | 1,039 | 1,299 | 0 | 2,522 | 25,730 | 48,938 | 68,648 | 86,558 |
| Stock & work in progress | 1,148,624 | 761,584 | 535,000 | 522,500 | 432,750 | 362,500 | 233,361 | 241,139 | 137,139 | 151,956 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 1,587 | 1,587 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 29,340 | 121,949 | 7,276 | 4 | 500 | 0 | 0 | 0 | 0 | 1,686 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,177,964 | 883,533 | 542,276 | 522,504 | 433,250 | 362,500 | 234,948 | 242,726 | 137,139 | 153,642 |
| total assets | 1,183,578 | 884,927 | 543,315 | 523,803 | 433,250 | 365,022 | 260,678 | 291,664 | 205,787 | 240,200 |
| Bank overdraft | 0 | 0 | 0 | 34,500 | 10,194 | 9,996 | 3,679 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 424,399 | 179,168 | 140,914 | 145,224 | 155,426 | 150,059 | 49,151 | 253,328 | 202,606 | 235,297 |
| Group/Directors Accounts | 129,622 | 173,578 | 155,742 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 212,022 | 177,559 | 104,821 | 225,300 | 168,287 | 121,974 | 137,921 | 0 | 0 | 0 |
| total current liabilities | 766,043 | 530,305 | 401,477 | 405,024 | 333,907 | 282,029 | 190,751 | 253,328 | 202,606 | 235,297 |
| loans | 199,497 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 3,168 | 3,520 | 0 | 0 |
| total long term liabilities | 199,497 | 200,000 | 0 | 0 | 0 | 0 | 3,168 | 3,520 | 0 | 0 |
| total liabilities | 965,540 | 730,305 | 401,477 | 405,024 | 333,907 | 282,029 | 193,919 | 256,848 | 202,606 | 235,297 |
| net assets | 218,038 | 154,622 | 141,838 | 118,779 | 99,343 | 82,993 | 66,759 | 34,816 | 3,181 | 4,903 |
| total shareholders funds | 218,038 | 154,622 | 141,838 | 118,779 | 99,343 | 82,993 | 66,759 | 34,816 | 3,181 | 4,903 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 279 | 348 | 260 | 2,522 | 0 | 22,890 | 22,571 | 21,640 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | ||||||||||
| Stock | 387,040 | 226,584 | 12,500 | 89,750 | 70,250 | 129,139 | -7,778 | 104,000 | -14,817 | 151,956 |
| Debtors | 0 | 0 | 0 | 0 | 0 | -1,587 | 0 | 1,587 | 0 | 0 |
| Creditors | 245,231 | 38,254 | -4,310 | -10,202 | 5,367 | 100,908 | -204,177 | 50,722 | -32,691 | 235,297 |
| Accruals and Deferred Income | 34,463 | 72,738 | -120,479 | 57,013 | 46,313 | -15,947 | 137,921 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -3,168 | -352 | 3,520 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -43,956 | 17,836 | 155,742 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -503 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -92,609 | 114,673 | 7,272 | -496 | 500 | 0 | 0 | 0 | -1,686 | 1,686 |
| overdraft | 0 | 0 | -34,500 | 24,306 | 198 | 6,317 | 3,679 | 0 | 0 | 0 |
| change in cash | -92,609 | 114,673 | 41,772 | -24,802 | 302 | -6,317 | -3,679 | 0 | -1,686 | 1,686 |
nineteen seventy eight limited Credit Report and Business Information
Nineteen Seventy Eight Limited Competitor Analysis
Perform a competitor analysis for nineteen seventy eight limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LS25 area or any other competitors across 12 key performance metrics.
nineteen seventy eight limited Ownership
NINETEEN SEVENTY EIGHT LIMITED group structure
Nineteen Seventy Eight Limited has no subsidiary companies.
Ultimate parent company
NINETEEN SEVENTY EIGHT LIMITED
07868044
nineteen seventy eight limited directors
Nineteen Seventy Eight Limited currently has 1 director, Mr Shahid Ali serving since Dec 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shahid Ali | England | 46 years | Dec 2011 | - | Director |
P&L
December 2021turnover
1.1m
+41%
operating profit
90.6k
0%
gross margin
49.1%
-1.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
218k
+0.41%
total assets
1.2m
+0.34%
cash
29.3k
-0.76%
net assets
Total assets minus all liabilities
nineteen seventy eight limited company details
company number
07868044
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
December 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
-
address
8 fusion court aberford road, leeds, LS25 2GH
Bank
-
Legal Advisor
-
nineteen seventy eight limited 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 found 1 charges/mortgages relating to nineteen seventy eight limited. Currently there are 1 open charges and 0 have been satisfied in the past.
nineteen seventy eight limited 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.
Click to start generating capital raising & share issue transactions for NINETEEN SEVENTY EIGHT LIMITED. This can take several minutes, an email will notify you when this has completed.
nineteen seventy eight limited Companies House Filings - See Documents
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