Blues Group (holdings) Limited

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blues group (holdings) limited Company Information

Company Number

08680743

Next Accounts

Sep 2025

Directors

Michael Coles

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Shareholders

zhen sun

michael coles

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Group Structure

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Industry

Manufacture of other wearing apparel and accessories

Registered Address

3c galliford road, galliford road industrial estate, maldon, CM9 4XD

Website

blues group (holdings) limited Estimated Valuation

£27.8m

Pomanda estimates the enterprise value of BLUES GROUP (HOLDINGS) LIMITED at £27.8m based on a Turnover of £37.6m and 0.74x industry multiple (adjusted for size and gross margin).

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Blues Group (holdings) Limited is a live company located in maldon, CM9 4XD with a Companies House number of 08680743. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in September 2013, it's largest shareholder is zhen sun with a 59.3% stake. Blues Group (holdings) Limited is a established, large sized company, Pomanda has estimated its turnover at £37.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Blues Group (Holdings) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

0 Regular

6 Weak

Size

annual sales of £37.6m, make it larger than the average company (£10.4m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (9.7%)

EXPORT

Blues Group (Holdings) Limited's latest turnover from December 2023 is £37.6 million and the company has net assets of £6 million. According to their latest financial statements, Blues Group (Holdings) Limited has 80 employees and maintains cash reserves of £1.3 million 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	Mar 2013
Turnover	37,640,581	50,460,150	49,031,794	33,329,807	59,222,778	78,532,725	75,809,606	78,957,440	67,735,465	46,689,237	28,921,392	19,386,512
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	32,049,565	43,818,300	42,366,910	28,053,985	50,283,407	61,134,943	59,518,257	61,486,176	51,462,168	35,988,519	22,251,216	14,695,367
Gross Profit	5,591,016	6,641,850	6,664,884	5,275,822	8,939,371	17,397,782	16,291,349	17,471,264	16,273,297	10,700,718	6,670,176	4,691,145
Admin Expenses	4,706,749	5,284,955	5,432,808	-3,795,443	8,852,828	15,820,827	15,529,054	20,067,464	17,846,630	10,002,222	5,378,317	4,922,299
Operating Profit	884,267	1,356,895	1,232,076	9,071,265	86,543	1,576,955	762,295	-2,596,200	-1,573,333	698,496	1,291,859	-231,154
Interest Payable	231,059	325,679	177,766	265,858	373,064	767,430	711,493	530,164	623,915	73,457	50,227	29,351
Interest Receivable	32,233	13,254	0	1,794	31	119,836	0	26,790	11,319	157,227	5,106	23,266
Pre-Tax Profit	685,441	1,044,470	1,054,310	8,807,201	-286,490	929,361	50,802	-3,099,574	-2,185,929	782,266	1,246,738	-237,239
Tax	156,406	-36,724	289,070	0	0	-124,871	-103,303	-316,376	73,626	-462,628	-183,030	67,635
Profit After Tax	841,847	1,007,746	1,343,380	8,807,201	-286,490	804,490	-52,501	-3,415,950	-2,112,303	319,638	1,063,708	-169,604
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	7,527,049
Retained Profit	841,847	1,007,746	1,343,380	8,807,201	-286,490	804,490	-52,501	-3,415,950	-2,112,303	319,638	1,063,708	-7,671,212
Employee Costs	4,081,380	4,210,294	4,179,689	4,482,902	5,603,233	8,362,417	9,157,236	8,660,512	8,067,891	4,504,668	3,939,081	3,456,870
Number Of Employees	80	90	91	139	178	336	295	370	351	228	80	70
EBITDA*	1,069,746	1,540,202	1,386,688	9,174,970	202,778	2,133,588	1,050,981	-2,338,058	78,579	890,577	1,362,644	-120,221

* 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	Mar 2013
Tangible Assets	561,005	427,513	1,033,796	568,061	2,623,185	1,550,777	1,682,491	1,560,098	1,781,487	1,598,101	1,668,612	2,003,006
Intangible Assets	1,817,188	1,946,309	1,681,579	1,682,172	1,679,063	1,680,853	2,087,696	1,685,500	1,834,652	22,574	17,460	15,242
Investments & Other	0	0	0	0	649,949	0	0	0	0	0	0	0
Debtors (Due After 1 year)	408,752	252,346	289,070	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,378,193	2,373,822	2,426,305	2,250,233	4,302,248	3,231,630	3,770,187	3,245,598	3,616,139	1,620,675	1,686,072	2,018,248
Stock & work in progress	1,044,183	1,598,505	1,537,737	2,096,623	2,207,658	3,722,719	3,435,598	2,532,574	3,299,409	1,719,591	962,212	710,172
Trade Debtors	6,304,688	9,010,859	14,585,738	10,483,911	8,574,827	23,725,837	13,726,864	16,644,217	15,239,304	5,046,796	17,089,872	1,785,082
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	91,875
Misc Debtors	362,556	141,856	961,371	928,342	1,153,009	4,337,273	13,906,498	13,050,234	3,961,622	19,325,100	4,627,173	249,775
Cash	1,264,047	917,437	1,147,797	600,580	1,338,123	9,243,751	7,425,489	4,735,837	4,542,620	3,890,660	2,917,493	1,196,927
misc current assets	0	0	0	0	0	0	0	522,330	175,066	246,019	72,409	307,484
total current assets	8,975,474	11,668,657	18,232,643	14,109,456	13,273,617	41,029,580	38,494,449	37,485,192	27,218,021	30,228,166	25,669,159	4,341,315
total assets	11,353,667	14,042,479	20,658,948	16,359,689	17,575,865	44,261,210	42,264,636	40,730,790	30,834,160	31,848,841	27,355,231	6,359,563
Bank overdraft	0	1,722,184	7,051,549	5,790,129	3,984,978	3,086,740	3,392,001	2,883,881	1,966,390	196,387	0	0
Bank loan	0	0	0	0	0	17,397,450	13,489,681	4,905,517	3,508,846	0	0	0
Trade Creditors	2,632,340	2,327,570	3,757,628	2,585,625	1,400,817	20,101,289	19,229,774	25,334,939	14,410,985	23,868,786	11,216,960	1,284,165
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	279,678	0	0	0	1,050,000	0	0	0	0	0	0	0
hp & lease commitments	0	85,547	113,017	106,583	141,051	0	0	0	0	0	0	0
other current liabilities	1,213,693	2,214,101	2,639,044	4,549,826	16,341,732	6,170,841	8,883,142	10,506,299	10,812,003	5,587,693	13,337,389	2,942,259
total current liabilities	4,125,711	6,349,402	13,561,238	13,032,163	22,918,578	46,756,320	44,994,598	43,630,636	30,698,224	29,652,866	24,554,349	4,226,424
loans	2,467,976	4,457,512	5,282,270	428,662	702,586	0	844,652	0	0	0	1,200,000	1,200,000
hp & lease commitments	71,095	165,863	178,242	214,331	351,293	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	124,409	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	282,006	128,728	0	0	0	125,910
total long term liabilities	1,233,988	2,228,756	2,641,135	214,331	351,293	0	563,329	64,364	0	124,409	1,200,000	1,262,955
total liabilities	5,359,699	8,578,158	16,202,373	13,246,494	23,269,871	46,756,320	45,557,927	43,695,000	30,698,224	29,777,275	25,754,349	5,489,379
net assets	5,993,968	5,464,321	4,456,575	3,113,195	-5,694,006	-2,495,110	-3,293,291	-2,964,210	135,936	2,071,566	1,600,882	870,184
total shareholders funds	5,993,968	5,464,321	4,456,575	3,113,195	-5,694,006	-2,495,110	-3,293,291	-2,964,210	135,936	2,071,566	1,600,882	870,184

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Mar 2013
Operating Activities
Operating Profit	884,267	1,356,895	1,232,076	9,071,265	86,543	1,576,955	762,295	-2,596,200	-1,573,333	698,496	1,291,859	-231,154
Depreciation	56,358	54,692	154,184	102,497	114,340	143,579	105,402	106,275	115,142	113,898	69,445	109,291
Amortisation	129,121	128,615	428	1,208	1,895	413,054	183,284	151,867	1,536,770	78,183	1,340	1,642
Tax	156,406	-36,724	289,070	0	0	-124,871	-103,303	-316,376	73,626	-462,628	-183,030	67,635
Stock	-554,322	60,768	-558,886	-111,035	-1,515,061	287,121	903,024	-766,835	1,579,818	757,379	962,212	710,172
Debtors	-2,329,065	-6,431,118	4,423,926	1,684,417	-18,335,274	429,748	-2,061,089	10,493,525	-5,170,970	2,654,851	21,717,045	2,126,732
Creditors	304,770	-1,430,058	1,172,003	1,184,808	-18,700,472	871,515	-6,105,165	10,923,954	-9,457,801	12,651,826	11,216,960	1,284,165
Accruals and Deferred Income	-1,000,408	-424,943	-1,910,782	-11,791,906	10,170,891	-2,712,301	-1,623,157	-305,704	5,099,901	-7,625,287	13,337,389	2,942,259
Deferred Taxes & Provisions	0	0	0	0	0	-282,006	153,278	128,728	0	0	0	125,910
Cash flow from operations	3,413,901	6,018,827	-2,928,061	-3,005,510	11,523,532	-830,944	-5,469,301	-1,634,146	-614,543	2,042,258	3,054,706	1,462,844
Investing Activities
capital expenditure	-189,850	158,246	-619,754	1,948,310	-1,186,853	-18,076	-813,275	112,399	-3,647,376	-126,684	-1,756,857	-2,129,181
Change in Investments	0	0	0	-649,949	649,949	0	0	0	0	0	0	0
cash flow from investments	-189,850	158,246	-619,754	2,598,259	-1,836,802	-18,076	-813,275	112,399	-3,647,376	-126,684	-1,756,857	-2,129,181
Financing Activities
Bank loans	0	0	0	0	-17,397,450	3,907,769	8,584,164	1,396,671	3,508,846	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	279,678	0	0	-1,050,000	1,050,000	0	0	0	0	0	0	0
Long term loans	-1,989,536	-824,758	4,853,608	-273,924	702,586	-844,652	844,652	0	0	-1,200,000	1,200,000	1,200,000
Hire Purchase and Lease Commitments	-180,315	-39,849	-29,655	-171,430	492,344	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-312,200	0	0	0	-2,912,406	-6,309	-276,580	315,804	176,673	151,046	537,174	8,541,396
interest	-198,826	-312,425	-177,766	-264,064	-373,033	-647,594	-711,493	-503,374	-612,596	83,770	-45,121	-6,085
cash flow from financing	-2,401,199	-1,177,032	4,646,187	-1,759,418	-18,437,959	2,409,214	8,440,743	1,209,101	3,072,923	-965,184	1,692,053	9,735,311
cash and cash equivalents
cash	346,610	-230,360	547,217	-737,543	-7,905,628	1,818,262	2,689,652	193,217	651,960	973,167	2,917,493	1,196,927
overdraft	-1,722,184	-5,329,365	1,261,420	1,805,151	898,238	-305,261	508,120	917,491	1,770,003	196,387	0	0
change in cash	2,068,794	5,099,005	-714,203	-2,542,694	-8,803,866	2,123,523	2,181,532	-724,274	-1,118,043	776,780	2,917,493	1,196,927

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLUES GROUP (HOLDINGS) LIMITED group structure

Blues Group (Holdings) Limited has 7 subsidiary companies.

Ultimate parent company

BLUES GROUP (HOLDINGS) LIMITED

08680743

7 subsidiaries

BLUES NIGHTWEAR LIMITED

09420646

BLUES GROUP LTD

10890094

PAUL DENNICCI LIMITED

14338211

BLUES CLOTHING LIMITED

02187737

BRECREST FASHION LIMITED

14338489

BRECREST SPORTS LTD

09098741

COHEN & WILKS LIMITED

01188155

BLUES GROUP (HOLDINGS) LIMITED Shareholders

zhen sun	59.34%
michael coles	10.99%
jonathan barrow	10.99%
tania bines	7.69%
dianne butler	5.49%
andrew spurling	5.49%

Blues Group (Holdings) Limited currently has 3 directors. The longest serving directors include Mr Michael Coles (Jun 2020) and Mr Michael Coles (Jun 2020).

officer	country	age	start	end	role
Mr Michael Coles		56 years	Jun 2020	-	Director
Mr Michael Coles	England	56 years	Jun 2020	-	Director
Mr Michael Coles	England	56 years	Jun 2020	-	Director

P&L

December 2023

turnover

37.6m

-25%

operating profit

884.3k

-35%

gross margin

14.9%

+12.85%

turnover

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

Balance Sheet

December 2023

net assets

+0.1%

total assets

11.4m

-0.19%

cash

1.3m

+0.38%

net assets

Total assets minus all liabilities

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company number

08680743

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

September 2013

ultimate parent company

None

previous names

cohen & wilks (holdings) limited (January 2024)

cohen & wilks international (holdings) limited (September 2022)

address

3c galliford road, galliford road industrial estate, maldon, CM9 4XD

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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blues group (holdings) limited Company Information

blues group (holdings) limited Estimated Valuation

blues group (holdings) limited Estimated Valuation

blues group (holdings) limited Estimated Valuation

Blues Group (holdings) Limited Overview

Blues Group (holdings) Limited Health Check

BLUES GROUP (HOLDINGS) LIMITED financials

blues group (holdings) limited Credit Report and Business Information

Blues Group (holdings) Limited Competitor Analysis

blues group (holdings) limited Ownership

blues group (holdings) limited directors

blues group (holdings) limited company details

blues group (holdings) limited Charges & Mortgages

blues group (holdings) limited Capital Raised & Share Issues BETA

blues group (holdings) limited Companies House Filings - See Documents