ace parfums limited
ace parfums limited Company Information
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
Shareholders
hitesh gandesha 99%
nishay gandesha 1%
ace parfums limited Estimated Valuation
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
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
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
3 Strong
2 Regular
7 Weak
Size
annual sales of £734k, make it smaller than the average company (£3m)
- Ace Parfums Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (4%)
- Ace Parfums Limited
4% - Industry AVG
Production
with a gross margin of 38.7%, this company has a comparable cost of product (38.7%)
- Ace Parfums Limited
38.7% - Industry AVG
Profitability
an operating margin of -16.4% make it less profitable than the average company (6.5%)
- Ace Parfums Limited
6.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (20)
3 - Ace Parfums Limited
20 - Industry AVG
Pay Structure
on an average salary of £43.6k, the company has an equivalent pay structure (£43.6k)
- Ace Parfums Limited
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £244.7k, this is more efficient (£137.2k)
- Ace Parfums Limited
£137.2k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (39 days)
- Ace Parfums Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 159 days, this is slower than average (34 days)
- Ace Parfums Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 322 days, this is more than average (29 days)
- Ace Parfums Limited
29 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,101 | 3,602 | 3,613 | 787 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 84,298 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 89,399 | 3,602 | 3,613 | 787 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 397,858 | 355,640 | 440,972 | 471,567 | 338,572 | 0 | 0 | 0 | 0 |
| Trade Debtors | 17,308 | 5,467 | 3,873 | 9,961 | 275 | 0 | 0 | 1,000 | 0 |
| Group Debtors | 364,941 | 133,645 | 48,643 | 24,495 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 46,368 | 118,026 | 66,043 | 11,390 | 83,651 | 24,141 | 0 | 0 | 0 |
| Cash | 108,775 | 194,204 | 115,835 | 47,502 | 1,232 | 0 | 1,000 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 935,250 | 806,982 | 675,366 | 564,915 | 423,730 | 24,141 | 1,000 | 1,000 | 0 |
| total assets | 1,024,649 | 810,584 | 678,979 | 565,702 | 423,730 | 24,141 | 1,000 | 1,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 196,141 | 255,326 | 266,442 | 343,524 | 178,936 | 12,144 | 0 | 0 | 0 |
| Group/Directors Accounts | 493,352 | 165,007 | 35,568 | 91,490 | 240,289 | 7,036 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 316,490 | 257,531 | 174,014 | 62,171 | 22,702 | 3,765 | 0 | 0 | 0 |
| total current liabilities | 1,005,983 | 677,864 | 476,024 | 497,185 | 441,927 | 22,945 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,005,983 | 677,864 | 476,024 | 497,185 | 441,927 | 22,945 | 0 | 0 | 0 |
| net assets | 18,666 | 132,720 | 202,955 | 68,517 | -18,197 | 1,196 | 1,000 | 1,000 | 0 |
| total shareholders funds | 18,666 | 132,720 | 202,955 | 68,517 | -18,197 | 1,196 | 1,000 | 1,000 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jan 2017 | Jan 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 1,701 | 1,200 | 1,204 | 263 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||
| Stock | 42,218 | -85,332 | -30,595 | 132,995 | 338,572 | 0 | 0 | 0 | 0 |
| Debtors | 171,479 | 138,579 | 72,713 | -38,080 | 59,785 | 24,141 | -1,000 | 1,000 | 0 |
| Creditors | -59,185 | -11,116 | -77,082 | 164,588 | 166,792 | 12,144 | 0 | 0 | 0 |
| Accruals and Deferred Income | 58,959 | 83,517 | 111,843 | 39,469 | 18,937 | 3,765 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 84,298 | 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 |
| Group/Directors Accounts | 328,345 | 129,439 | -55,922 | -148,799 | 233,253 | 7,036 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -85,429 | 78,369 | 68,333 | 46,270 | 1,232 | -1,000 | 1,000 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -85,429 | 78,369 | 68,333 | 46,270 | 1,232 | -1,000 | 1,000 | 0 | 0 |
ace parfums limited Credit Report and Business Information
Ace Parfums Limited Competitor Analysis
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 directors
Ace Parfums Limited currently has 2 directors. The longest serving directors include Mr Hitesh Gandesha (Jan 2014) and Mr Nishay Gandesha (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hitesh Gandesha | United Kingdom | 64 years | Jan 2014 | - | Director |
| Mr Nishay Gandesha | 26 years | Apr 2022 | - | Director |
P&L
March 2023turnover
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 2023net 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
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.
ace parfums limited Companies House Filings - See Documents
| date | description | view/download |
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