ace parfums limited

3

ace parfums limited Company Information

Share ACE PARFUMS LIMITED
Live 
EstablishedSmallDeclining

Company Number

08846976

Website

-

Registered Address

treviot house 186-192 high road, ilford, london, IG1 1LR

Industry

Other business support service activities n.e.c.

 

Telephone

-

Next Accounts Due

December 2024

Group Structure

View All

Directors

Hitesh Gandesha10 Years

Nishay Gandesha2 Years

Shareholders

hitesh gandesha 99%

nishay gandesha 1%

ace parfums limited Estimated Valuation

£420k

Pomanda estimates the enterprise value of ACE PARFUMS LIMITED at £420k based on a Turnover of £734k and 0.57x industry multiple (adjusted for size and gross margin).

ace parfums limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACE PARFUMS LIMITED at £0 based on an EBITDA of £-118.8k and a 4.37x industry multiple (adjusted for size and gross margin).

ace parfums limited Estimated Valuation

£47.9k

Pomanda estimates the enterprise value of ACE PARFUMS LIMITED at £47.9k based on Net Assets of £18.7k and 2.57x industry multiple (adjusted for liquidity).

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Ace Parfums Limited Overview

Ace Parfums Limited is a live company located in london, IG1 1LR with a Companies House number of 08846976. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2014, it's largest shareholder is hitesh gandesha with a 99% stake. Ace Parfums Limited is a established, small sized company, Pomanda has estimated its turnover at £734k with declining growth in recent years.

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Ace Parfums Limited Health Check

Pomanda's financial health check has awarded Ace Parfums Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £734k, make it smaller than the average company (£3m)

£734k - Ace Parfums Limited

£3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (4%)

-9% - Ace Parfums Limited

4% - Industry AVG

production

Production

with a gross margin of 38.7%, this company has a comparable cost of product (38.7%)

38.7% - Ace Parfums Limited

38.7% - Industry AVG

profitability

Profitability

an operating margin of -16.4% make it less profitable than the average company (6.5%)

-16.4% - Ace Parfums Limited

6.5% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (20)

3 - Ace Parfums Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)

£43.6k - Ace Parfums Limited

£43.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £244.7k, this is more efficient (£137.2k)

£244.7k - Ace Parfums Limited

£137.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 8 days, this is earlier than average (39 days)

8 days - Ace Parfums Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 159 days, this is slower than average (34 days)

159 days - Ace Parfums Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 322 days, this is more than average (29 days)

322 days - Ace Parfums Limited

29 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (28 weeks)

5 weeks - Ace Parfums Limited

28 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.2%, this is a higher level of debt than the average (60.5%)

98.2% - Ace Parfums Limited

60.5% - Industry AVG

ACE PARFUMS LIMITED financials

EXPORTms excel logo

Ace Parfums Limited's latest turnover from March 2023 is estimated at £734 thousand and the company has net assets of £18.7 thousand. According to their latest financial statements, Ace Parfums Limited has 3 employees and maintains cash reserves of £108.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Jan 2017Jan 2016Jan 2015
Turnover734,042671,194749,417970,001555,170102,632129,7198,6740
Other Income Or Grants000000000
Cost Of Sales449,761415,108470,395601,997345,68063,59378,9595,4250
Gross Profit284,281256,085279,022368,003209,49139,03850,7603,2490
Admin Expenses404,773327,483113,131260,973228,88938,79950,7613,2490
Operating Profit-120,492-71,398165,891107,030-19,398239-100
Interest Payable000000000
Interest Receivable6,4381,163822453100
Pre-Tax Profit-114,054-70,235165,973107,054-19,393242000
Tax00-31,535-20,3400-46000
Profit After Tax-114,054-70,235134,43886,714-19,393196000
Dividends Paid000000000
Retained Profit-114,054-70,235134,43886,714-19,393196000
Employee Costs130,89341,57140,00039,55438,37436,22538,35738,1810
Number Of Employees311111110
EBITDA*-118,791-70,198167,095107,293-19,398239-100

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Jan 2017Jan 2016Jan 2015
Tangible Assets5,1013,6023,61378700000
Intangible Assets000000000
Investments & Other84,29800000000
Debtors (Due After 1 year)000000000
Total Fixed Assets89,3993,6023,61378700000
Stock & work in progress397,858355,640440,972471,567338,5720000
Trade Debtors17,3085,4673,8739,961275001,0000
Group Debtors364,941133,64548,64324,49500000
Misc Debtors46,368118,02666,04311,39083,65124,141000
Cash108,775194,204115,83547,5021,23201,00000
misc current assets000000000
total current assets935,250806,982675,366564,915423,73024,1411,0001,0000
total assets1,024,649810,584678,979565,702423,73024,1411,0001,0000
Bank overdraft000000000
Bank loan000000000
Trade Creditors 196,141255,326266,442343,524178,93612,144000
Group/Directors Accounts493,352165,00735,56891,490240,2897,036000
other short term finances000000000
hp & lease commitments000000000
other current liabilities316,490257,531174,01462,17122,7023,765000
total current liabilities1,005,983677,864476,024497,185441,92722,945000
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions000000000
total long term liabilities000000000
total liabilities1,005,983677,864476,024497,185441,92722,945000
net assets18,666132,720202,95568,517-18,1971,1961,0001,0000
total shareholders funds18,666132,720202,95568,517-18,1971,1961,0001,0000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Jan 2017Jan 2016Jan 2015
Operating Activities
Operating Profit-120,492-71,398165,891107,030-19,398239-100
Depreciation1,7011,2001,20426300000
Amortisation000000000
Tax00-31,535-20,3400-46000
Stock42,218-85,332-30,595132,995338,5720000
Debtors171,479138,57972,713-38,08059,78524,141-1,0001,0000
Creditors-59,185-11,116-77,082164,588166,79212,144000
Accruals and Deferred Income58,95983,517111,84339,46918,9373,765000
Deferred Taxes & Provisions000000000
Cash flow from operations-332,714-51,044128,203196,095-232,026-8,039999-1,0000
Investing Activities
capital expenditure-3,200-1,189-4,030-1,05000000
Change in Investments84,29800000000
cash flow from investments-87,498-1,189-4,030-1,05000000
Financing Activities
Bank loans000000000
Group/Directors Accounts328,345129,439-55,922-148,799233,2537,036000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue00000001,0000
interest6,4381,163822453100
cash flow from financing334,783130,602-55,840-148,775233,2587,03911,0000
cash and cash equivalents
cash-85,42978,36968,33346,2701,232-1,0001,00000
overdraft000000000
change in cash-85,42978,36968,33346,2701,232-1,0001,00000

ace parfums limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ace Parfums Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ace parfums limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in IG1 area or any other competitors across 12 key performance metrics.

ace parfums limited Ownership

ACE PARFUMS LIMITED group structure

Ace Parfums Limited has no subsidiary companies.

Ultimate parent company

ACE PARFUMS LIMITED

08846976

ACE PARFUMS LIMITED Shareholders

hitesh gandesha 99%
nishay gandesha 1%

ace parfums limited directors

Ace Parfums Limited currently has 2 directors. The longest serving directors include Mr Hitesh Gandesha (Jan 2014) and Mr Nishay Gandesha (Apr 2022).

officercountryagestartendrole
Mr Hitesh GandeshaUnited Kingdom64 years Jan 2014- Director
Mr Nishay Gandesha26 years Apr 2022- Director

P&L

March 2023

turnover

734k

+9%

operating profit

-120.5k

0%

gross margin

38.8%

+1.51%

turnover

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

Balance Sheet

March 2023

net assets

18.7k

-0.86%

total assets

1m

+0.26%

cash

108.8k

-0.44%

net assets

Total assets minus all liabilities

ace parfums limited company details

company number

08846976

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2014

age

10

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

N/A

accountant

DAVIS GRANT LIMITED

auditor

-

address

treviot house 186-192 high road, ilford, london, IG1 1LR

Bank

-

Legal Advisor

-

ace parfums 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 3 charges/mortgages relating to ace parfums limited. Currently there are 3 open charges and 0 have been satisfied in the past.

charges

ace parfums limited Companies House Filings - See Documents

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