Vitage Clothing Limited

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vitage clothing limited Company Information

Live

EstablishedSmallDeclining

Company Number

08231027

Website

www.noroze.com

Registered Address

119 cromwell avenue, stockport, cheshire, SK5 6GA

Industry

Wholesale of clothing and footwear

Other retail sale in non-specialised stores

Telephone

Next Accounts Due

June 2025

Group Structure

View All

Directors

Muhammad Ahsan11 Years

Shareholders

muhammad ahsan 100%

vitage clothing limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of VITAGE CLOTHING LIMITED at £1.3m based on Net Assets of £578.7k and 2.2x industry multiple (adjusted for liquidity).

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Vitage Clothing Limited is a live company located in cheshire, SK5 6GA with a Companies House number of 08231027. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in September 2012, it's largest shareholder is muhammad ahsan with a 100% stake. Vitage Clothing Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Vitage Clothing Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.3%)

EXPORT

Vitage Clothing Limited's latest turnover from September 2023 is estimated at £1.4 million and the company has net assets of £578.7 thousand. According to their latest financial statements, Vitage Clothing Limited has 9 employees and maintains cash reserves of £54.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Turnover	1,384,058	1,780,689	1,263,200	1,603,063	561,790	829,904	900,742	831,526	945,109	219,883	194,563
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	877,752	1,120,214	821,967	1,011,595	350,326	529,401	576,819	534,579	599,860	138,432	124,360
Gross Profit	506,306	660,475	441,233	591,468	211,465	300,503	323,923	296,947	345,249	81,451	70,203
Admin Expenses	500,006	666,089	320,218	503,060	133,790	214,205	216,933	219,747	249,497	55,690	59,014
Operating Profit	6,300	-5,614	121,015	88,408	77,675	86,298	106,990	77,200	95,752	25,761	11,189
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,844	9,559	396	336	2,251	1,519	609	744	1,097	519	82
Pre-Tax Profit	17,144	3,946	121,411	88,744	79,926	87,817	107,599	77,944	96,849	26,280	11,271
Tax	-4,286	-750	-23,068	-16,861	-15,186	-16,685	-20,444	-15,589	-19,370	-5,519	-2,592
Profit After Tax	12,858	3,196	98,343	71,883	64,740	71,132	87,155	62,355	77,479	20,761	8,679
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,858	3,196	98,343	71,883	64,740	71,132	87,155	62,355	77,479	20,761	8,679
Employee Costs	253,470	194,884	212,432	231,534	212,675	205,487	242,315	214,341	191,249	46,123	45,059
Number Of Employees	9	7	8	9	8	8	10	9	8	2	2
EBITDA*	9,500	-2,340	124,686	92,817	82,748	92,373	108,164	77,200	96,663	26,762	11,554

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Tangible Assets	15,587	15,167	16,290	18,962	20,710	22,500	6,657	6,364	5,164	5,675	3,287
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	104,743	124,156	133,164	169,285	170,000	200,000	200,000	0	0	0	0
Total Fixed Assets	120,330	139,323	149,454	188,247	190,710	222,500	206,657	6,364	5,164	5,675	3,287
Stock & work in progress	721,284	560,168	324,188	436,534	96,422	86,200	81,200	84,600	80,000	54,700	42,900
Trade Debtors	97,708	153,283	113,830	108,688	17,869	40,937	51,680	26,174	57,623	19,218	9,181
Group Debtors	0	0	0	0	0	22,878	0	0	0	0	0
Misc Debtors	2,700	43,485	2,700	0	96,682	0	0	2,260	0	0	0
Cash	54,437	379,337	470,393	321,341	351,350	248,814	156,231	331,005	264,026	174,745	32,796
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	876,129	1,136,273	911,111	866,563	562,323	398,829	289,111	444,039	401,649	248,663	84,877
total assets	996,459	1,275,596	1,060,565	1,054,810	753,033	621,329	495,768	450,403	406,813	254,338	88,164
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	138,513	447,806	204,651	307,545	60,451	157,638	169,815	202,900	299,794	0	55,662
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	275,368	258,175	290,192	279,378	300,181	136,030	69,424	78,129	0	0	23,723
total current liabilities	413,881	705,981	494,843	586,923	360,632	293,668	239,239	281,029	299,794	0	79,385
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	224,798	0
provisions	3,897	3,792	3,095	3,603	0	0	0	0	0	0	0
total long term liabilities	3,897	3,792	3,095	3,603	0	0	0	0	0	224,798	0
total liabilities	417,778	709,773	497,938	590,526	360,632	293,668	239,239	281,029	299,794	224,798	79,385
net assets	578,681	565,823	562,627	464,284	392,401	327,661	256,529	169,374	107,019	29,540	8,779
total shareholders funds	578,681	565,823	562,627	464,284	392,401	327,661	256,529	169,374	107,019	29,540	8,779

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013
Operating Activities
Operating Profit	6,300	-5,614	121,015	88,408	77,675	86,298	106,990	77,200	95,752	25,761	11,189
Depreciation	3,200	3,274	3,671	4,409	5,073	6,075	1,174	0	911	1,001	365
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,286	-750	-23,068	-16,861	-15,186	-16,685	-20,444	-15,589	-19,370	-5,519	-2,592
Stock	161,116	235,980	-112,346	340,112	10,222	5,000	-3,400	4,600	25,300	11,800	42,900
Debtors	-115,773	71,230	-28,279	-6,578	20,736	12,135	223,246	-29,189	38,405	10,037	9,181
Creditors	-309,293	243,155	-102,894	247,094	-97,187	-12,177	-33,085	-96,894	299,794	-55,662	55,662
Accruals and Deferred Income	17,193	-32,017	10,814	-20,803	164,151	66,606	-8,705	78,129	0	-23,723	23,723
Deferred Taxes & Provisions	105	697	-508	3,603	0	0	0	0	0	0	0
Cash flow from operations	-332,124	-98,465	149,655	-27,684	103,568	112,982	-173,916	67,435	313,382	-79,979	36,266
Investing Activities
capital expenditure	-3,620	-2,151	-999	-2,661	-3,283	-21,918	-1,467	-1,200	-400	-3,389	-3,652
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,620	-2,151	-999	-2,661	-3,283	-21,918	-1,467	-1,200	-400	-3,389	-3,652
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-224,798	224,798	0
share issue	0	0	0	0	0	0	0	0	0	0	100
interest	10,844	9,559	396	336	2,251	1,519	609	744	1,097	519	82
cash flow from financing	10,844	9,559	396	336	2,251	1,519	609	744	-223,701	225,317	182
cash and cash equivalents
cash	-324,900	-91,056	149,052	-30,009	102,536	92,583	-174,774	66,979	89,281	141,949	32,796
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-324,900	-91,056	149,052	-30,009	102,536	92,583	-174,774	66,979	89,281	141,949	32,796

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 vitage clothing 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 SK5 area or any other competitors across 12 key performance metrics.

VITAGE CLOTHING LIMITED group structure

Vitage Clothing Limited has no subsidiary companies.

Ultimate parent company

VITAGE CLOTHING LIMITED

08231027

VITAGE CLOTHING LIMITED Shareholders

muhammad ahsan

100%

Vitage Clothing Limited currently has 1 director, Mr Muhammad Ahsan serving since Sep 2012.

officer	country	age	start	end	role
Mr Muhammad Ahsan	United Kingdom	44 years	Sep 2012	-	Director

P&L

September 2023

turnover

1.4m

-22%

operating profit

6.3k

gross margin

36.6%

-1.37%

turnover

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

Balance Sheet

September 2023

net assets

578.7k

+0.02%

total assets

996.5k

-0.22%

cash

54.4k

-0.86%

net assets

Total assets minus all liabilities

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company number

08231027

Type

Private limited with Share Capital

industry

46420 - Wholesale of clothing and footwear

47190 - Other retail sale in non-specialised stores

incorporation date

September 2012

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

119 cromwell avenue, stockport, cheshire, SK5 6GA

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 vitage clothing limited.

vitage clothing limited Company Information

vitage clothing limited Estimated Valuation

vitage clothing limited Estimated Valuation

vitage clothing limited Estimated Valuation

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VITAGE CLOTHING LIMITED financials

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