providence textiles limited
providence textiles limited Company Information
Company Number
08343349
Next Accounts
567 days late
Directors
Shareholders
mohammed akram choudhry
Group Structure
View All
Industry
Wholesale of textiles
Registered Address
49e highgate road, walsall, WS1 3JE
Website
providencetextiles.comprovidence textiles limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENCE TEXTILES LIMITED at £327.9k based on a Turnover of £1.5m and 0.22x industry multiple (adjusted for size and gross margin).
providence textiles limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENCE TEXTILES LIMITED at £0 based on an EBITDA of £-13.6k and a 3.01x industry multiple (adjusted for size and gross margin).
providence textiles limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIDENCE TEXTILES LIMITED at £0 based on Net Assets of £-371.6k and 1.4x industry multiple (adjusted for liquidity).
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Providence Textiles Limited Overview
Providence Textiles Limited is a live company located in walsall, WS1 3JE with a Companies House number of 08343349. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in December 2012, it's largest shareholder is mohammed akram choudhry with a 100% stake. Providence Textiles Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with low growth in recent years.
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Providence Textiles Limited Health Check
Pomanda's financial health check has awarded Providence Textiles Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£13.9m)
- Providence Textiles Limited
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (-1.9%)
- Providence Textiles Limited
-1.9% - Industry AVG
Production
with a gross margin of 18.6%, this company has a higher cost of product (26.8%)
- Providence Textiles Limited
26.8% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (4.8%)
- Providence Textiles Limited
4.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (42)
- Providence Textiles Limited
42 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- Providence Textiles Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £486.7k, this is more efficient (£244.5k)
- Providence Textiles Limited
£244.5k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is earlier than average (54 days)
- Providence Textiles Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 166 days, this is slower than average (31 days)
- Providence Textiles Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Providence Textiles Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Providence Textiles Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 319.5%, this is a higher level of debt than the average (52.3%)
319.5% - Providence Textiles Limited
52.3% - Industry AVG
PROVIDENCE TEXTILES LIMITED financials
Providence Textiles Limited's latest turnover from December 2021 is estimated at £1.5 million and the company has net assets of -£371.6 thousand. According to their latest financial statements, we estimate that Providence Textiles Limited has 3 employees and maintains cash reserves of 0 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 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 2 | 2 | |||||
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,200 | 2,933 | 1,895 | 2,526 | 2,519 | 3,360 | 4,176 | 599 | |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 2,200 | 2,933 | 1,895 | 2,526 | 2,519 | 3,360 | 4,176 | 599 | |
| Stock & work in progress | 154,120 | 352,812 | 246,339 | 613,462 | 70,318 | ||||
| Trade Debtors | 167,145 | 166,149 | 19,563 | 259,793 | 242,708 | 77,553 | 348,081 | 361,149 | 146,498 |
| Group Debtors | |||||||||
| Misc Debtors | |||||||||
| Cash | 1,841 | 9,412 | 3,614 | 33,314 | 19,815 | ||||
| misc current assets | |||||||||
| total current assets | 167,145 | 166,149 | 175,524 | 259,793 | 242,708 | 439,777 | 598,034 | 1,007,925 | 236,631 |
| total assets | 169,345 | 169,082 | 177,419 | 262,319 | 245,227 | 443,137 | 602,210 | 1,008,524 | 236,631 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 540,993 | 527,088 | 522,230 | 539,233 | 449,005 | 631,702 | 660,366 | 1,003,794 | 236,100 |
| Group/Directors Accounts | |||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 11,878 | ||||||||
| total current liabilities | 540,993 | 527,088 | 534,108 | 539,233 | 449,005 | 631,702 | 660,366 | 1,003,794 | 236,100 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 875 | ||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 875 | ||||||||
| total liabilities | 540,993 | 527,088 | 534,108 | 539,233 | 449,880 | 631,702 | 660,366 | 1,003,794 | 236,100 |
| net assets | -371,648 | -358,006 | -356,689 | -276,914 | -204,653 | -188,565 | -58,156 | 4,730 | 531 |
| total shareholders funds | -371,648 | -358,006 | -356,689 | -276,914 | -204,653 | -188,565 | -58,156 | 4,730 | 531 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 977 | 631 | 1,120 | 1,392 | |||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | -154,120 | 154,120 | -352,812 | 106,473 | -367,123 | 543,144 | 70,318 | ||
| Debtors | 996 | 146,586 | -240,230 | 17,085 | 165,155 | -270,528 | -13,068 | 214,651 | 146,498 |
| Creditors | 13,905 | 4,858 | -17,003 | 90,228 | -182,697 | -28,664 | -343,428 | 767,694 | 236,100 |
| Accruals and Deferred Income | -11,878 | 11,878 | -875 | 875 | |||||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| 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 | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -1,841 | 1,841 | -9,412 | 5,798 | -29,700 | 13,499 | 19,815 | ||
| overdraft | |||||||||
| change in cash | -1,841 | 1,841 | -9,412 | 5,798 | -29,700 | 13,499 | 19,815 |
providence textiles limited Credit Report and Business Information
Providence Textiles Limited Competitor Analysis
Perform a competitor analysis for providence textiles 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 WS1 area or any other competitors across 12 key performance metrics.
providence textiles limited Ownership
PROVIDENCE TEXTILES LIMITED group structure
Providence Textiles Limited has no subsidiary companies.
Ultimate parent company
PROVIDENCE TEXTILES LIMITED
08343349
providence textiles limited directors
Providence Textiles Limited currently has 1 director, Mr Mohammed Choudhry serving since Jul 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammed Choudhry | England | 67 years | Jul 2022 | - | Director |
P&L
December 2021turnover
1.5m
+29%
operating profit
-13.6k
0%
gross margin
18.6%
-0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-371.6k
+0.04%
total assets
169.3k
0%
cash
0
0%
net assets
Total assets minus all liabilities
providence textiles limited company details
company number
08343349
Type
Private limited with Share Capital
industry
46410 - Wholesale of textiles
incorporation date
December 2012
age
13
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2021
previous names
N/A
accountant
SATRAJ SUMAN
auditor
-
address
49e highgate road, walsall, WS1 3JE
Bank
-
Legal Advisor
-
providence textiles 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 did not find charges/mortgages relating to providence textiles limited.
providence textiles 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.
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providence textiles limited Companies House Filings - See Documents
| date | description | view/download |
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