wellington carpets ltd Company Information
Company Number
09100332
Website
wellingtoncarpets.co.ukRegistered Address
unit 3 125 king street, wellington, telford, shropshire, TF1 1NU
Industry
Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Telephone
01952249397
Next Accounts Due
March 2025
Group Structure
View All
Directors
Harnak Thind10 Years
Shareholders
harnak singh thind 100%
wellington carpets ltd Estimated Valuation
Pomanda estimates the enterprise value of WELLINGTON CARPETS LTD at £91.6k based on a Turnover of £292.9k and 0.31x industry multiple (adjusted for size and gross margin).
wellington carpets ltd Estimated Valuation
Pomanda estimates the enterprise value of WELLINGTON CARPETS LTD at £2.9k based on an EBITDA of £929 and a 3.14x industry multiple (adjusted for size and gross margin).
wellington carpets ltd Estimated Valuation
Pomanda estimates the enterprise value of WELLINGTON CARPETS LTD at £46.4k based on Net Assets of £16k and 2.91x industry multiple (adjusted for liquidity).
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Wellington Carpets Ltd Overview
Wellington Carpets Ltd is a live company located in telford, TF1 1NU with a Companies House number of 09100332. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in June 2014, it's largest shareholder is harnak singh thind with a 100% stake. Wellington Carpets Ltd is a established, micro sized company, Pomanda has estimated its turnover at £292.9k with declining growth in recent years.
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Wellington Carpets Ltd Health Check
Pomanda's financial health check has awarded Wellington Carpets Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £292.9k, make it smaller than the average company (£1.5m)
- Wellington Carpets Ltd
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.7%)
- Wellington Carpets Ltd
3.7% - Industry AVG
Production
with a gross margin of 34.1%, this company has a higher cost of product (43.5%)
- Wellington Carpets Ltd
43.5% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (4.8%)
- Wellington Carpets Ltd
4.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (11)
2 - Wellington Carpets Ltd
11 - Industry AVG
Pay Structure
on an average salary of £31.7k, the company has an equivalent pay structure (£31.7k)
- Wellington Carpets Ltd
£31.7k - Industry AVG
Efficiency
resulting in sales per employee of £146.5k, this is equally as efficient (£163.2k)
- Wellington Carpets Ltd
£163.2k - Industry AVG
Debtor Days
it gets paid by customers after 84 days, this is later than average (29 days)
- Wellington Carpets Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 114 days, this is slower than average (46 days)
- Wellington Carpets Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wellington Carpets Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Wellington Carpets Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.1%, this is a higher level of debt than the average (62.6%)
79.1% - Wellington Carpets Ltd
62.6% - Industry AVG
WELLINGTON CARPETS LTD financials
Wellington Carpets Ltd's latest turnover from June 2023 is estimated at £292.9 thousand and the company has net assets of £16 thousand. According to their latest financial statements, Wellington Carpets Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 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 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | ||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 8,595 | 10,658 | 13,221 | 1,907 | 2,239 | 2,634 | 3,099 | 3,645 | 4,289 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 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 | 8,595 | 10,658 | 13,221 | 1,907 | 2,239 | 2,634 | 3,099 | 3,645 | 4,289 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,250 | 40,455 |
Trade Debtors | 67,908 | 70,187 | 82,865 | 96,804 | 72,931 | 69,741 | 70,132 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 754 | 3,044 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 67,908 | 70,187 | 82,865 | 96,804 | 72,931 | 69,741 | 70,132 | 54,004 | 43,499 |
total assets | 76,503 | 80,845 | 96,086 | 98,711 | 75,170 | 72,375 | 73,231 | 57,649 | 47,788 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 60,529 | 65,568 | 80,915 | 85,136 | 63,404 | 63,421 | 66,344 | 51,079 | 45,053 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 60,529 | 65,568 | 80,915 | 85,136 | 63,404 | 63,421 | 66,344 | 51,079 | 45,053 |
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 | 60,529 | 65,568 | 80,915 | 85,136 | 63,404 | 63,421 | 66,344 | 51,079 | 45,053 |
net assets | 15,974 | 15,277 | 15,171 | 13,575 | 11,766 | 8,954 | 6,887 | 6,570 | 2,735 |
total shareholders funds | 15,974 | 15,277 | 15,171 | 13,575 | 11,766 | 8,954 | 6,887 | 6,570 | 2,735 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | |||||||||
Depreciation | 644 | 757 | |||||||
Amortisation | 0 | 0 | |||||||
Tax | |||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | -53,250 | 12,795 | 40,455 |
Debtors | -2,279 | -12,678 | -13,939 | 23,873 | 3,190 | -391 | 70,132 | 0 | 0 |
Creditors | -5,039 | -15,347 | -4,221 | 21,732 | -17 | -2,923 | 15,265 | 6,026 | 45,053 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | -754 | -2,290 | 3,044 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -754 | -2,290 | 3,044 |
wellington carpets ltd Credit Report and Business Information
Wellington Carpets Ltd Competitor Analysis
Perform a competitor analysis for wellington carpets ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in TF1 area or any other competitors across 12 key performance metrics.
wellington carpets ltd Ownership
WELLINGTON CARPETS LTD group structure
Wellington Carpets Ltd has no subsidiary companies.
Ultimate parent company
WELLINGTON CARPETS LTD
09100332
wellington carpets ltd directors
Wellington Carpets Ltd currently has 1 director, Mr Harnak Thind serving since Jun 2014.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Harnak Thind | England | 51 years | Jun 2014 | - | Director |
P&L
June 2023turnover
292.9k
+14%
operating profit
929.3
0%
gross margin
34.1%
+7.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
16k
+0.05%
total assets
76.5k
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
wellington carpets ltd company details
company number
09100332
Type
Private limited with Share Capital
industry
47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores
incorporation date
June 2014
age
10
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
unit 3 125 king street, wellington, telford, shropshire, TF1 1NU
accountant
-
auditor
-
wellington carpets ltd 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 wellington carpets ltd.
wellington carpets ltd Companies House Filings - See Documents
date | description | view/download |
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