gloves4u ltd

2

gloves4u ltd Company Information

Share GLOVES4U LTD
Live 
EstablishedMicroDeclining

Company Number

09106155

Registered Address

richmond house, deepdale enterprise park, lincoln, LN2 2LL

Industry

Wholesale of clothing and footwear

 

Telephone

02030597740

Next Accounts Due

March 2025

Group Structure

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Directors

Ralph Green9 Years

Gareth Hales3 Years

Shareholders

gareth hales 43%

charles hales 42%

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gloves4u ltd Estimated Valuation

£5.8k

Pomanda estimates the enterprise value of GLOVES4U LTD at £5.8k based on a Turnover of £20.4k and 0.28x industry multiple (adjusted for size and gross margin).

gloves4u ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of GLOVES4U LTD at £0 based on an EBITDA of £-13.9k and a 3.48x industry multiple (adjusted for size and gross margin).

gloves4u ltd Estimated Valuation

£45.1k

Pomanda estimates the enterprise value of GLOVES4U LTD at £45.1k based on Net Assets of £24.5k and 1.85x industry multiple (adjusted for liquidity).

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Gloves4u Ltd Overview

Gloves4u Ltd is a live company located in lincoln, LN2 2LL with a Companies House number of 09106155. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in June 2014, it's largest shareholder is gareth hales with a 43% stake. Gloves4u Ltd is a established, micro sized company, Pomanda has estimated its turnover at £20.4k with declining growth in recent years.

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Gloves4u Ltd Health Check

Pomanda's financial health check has awarded Gloves4U Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £20.4k, make it smaller than the average company (£16.7m)

£20.4k - Gloves4u Ltd

£16.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -90%, show it is growing at a slower rate (4.1%)

-90% - Gloves4u Ltd

4.1% - Industry AVG

production

Production

with a gross margin of 31.7%, this company has a comparable cost of product (31.7%)

31.7% - Gloves4u Ltd

31.7% - Industry AVG

profitability

Profitability

an operating margin of -68% make it less profitable than the average company (4.1%)

-68% - Gloves4u Ltd

4.1% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (47)

1 - Gloves4u Ltd

47 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.1k, the company has an equivalent pay structure (£37.1k)

£37.1k - Gloves4u Ltd

£37.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £20.4k, this is less efficient (£303.5k)

£20.4k - Gloves4u Ltd

£303.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Gloves4u Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 79 days, this is slower than average (37 days)

79 days - Gloves4u Ltd

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Gloves4u Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (10 weeks)

73 weeks - Gloves4u Ltd

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.9%, this is a higher level of debt than the average (62%)

70.9% - Gloves4u Ltd

62% - Industry AVG

GLOVES4U LTD financials

EXPORTms excel logo

Gloves4U Ltd's latest turnover from June 2023 is estimated at £20.4 thousand and the company has net assets of £24.5 thousand. According to their latest financial statements, we estimate that Gloves4U Ltd has 1 employee and maintains cash reserves of £84.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015
Turnover20,37924,717103,78722,853,3014,605,5192,550,2082,062,9301,494,4741,908,454
Other Income Or Grants000000000
Cost Of Sales13,92216,56771,78015,693,9053,195,8941,773,6311,442,7491,053,2591,340,387
Gross Profit6,4578,15032,0077,159,3951,409,624776,577620,181441,215568,067
Admin Expenses20,30721,4286,348,692-662,314846,660578,930681,838724,354819,522
Operating Profit-13,850-13,278-6,316,6857,821,709562,964197,647-61,657-283,139-251,455
Interest Payable3120424200000
Interest Receivable4,3121,2582,0792,1522,4351,2862612150
Pre-Tax Profit-9,569-12,041-6,314,6487,823,819565,399198,933-61,396-282,924-251,455
Tax000-1,486,526-107,426-37,797000
Profit After Tax-9,569-12,041-6,314,6486,337,293457,973161,136-61,396-282,924-251,455
Dividends Paid000000000
Retained Profit-9,569-12,041-6,314,6486,337,293457,973161,136-61,396-282,924-251,455
Employee Costs37,13635,88734,531169,717105,888102,09298,021192,311218,236
Number Of Employees111533367
EBITDA*-13,850-13,278-6,316,6857,821,709563,246199,994-56,091-275,513-244,654

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015
Tangible Assets00008753,1605,50711,07324,407
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets00008753,1605,50711,07324,407
Stock & work in progress000712,0141,288,723605,247764,881433,188432,098
Trade Debtors04,39520,3687,141,9251,472,494781,930592,360165,234195,692
Group Debtors000000000
Misc Debtors450810216,041213,120352,70868,3898,6320
Cash84,05788,416112,8064,045,426257,961391,299123,05085,9390
misc current assets000000000
total current assets84,10292,811133,98412,115,4063,232,2982,131,1841,548,680692,993627,790
total assets84,10292,811133,98412,115,4063,233,1732,134,3441,554,187704,066652,197
Bank overdraft055901,37700000
Bank loan000000000
Trade Creditors 3,0491,543821,554,26498,56687,52441,505316,340446,268
Group/Directors Accounts54,44854,44854,448599,99500000
other short term finances000000000
hp & lease commitments000000000
other current liabilities2,1362,22333,3752,368,0921,065,393720,721573,271183,9380
total current liabilities59,63358,77387,9054,523,7281,163,959808,245614,776500,278446,268
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities0001,230,7852,045,6141,760,6381,535,086738,067457,284
provisions0001661660000
total long term liabilities0001,230,9512,045,7801,760,6381,535,086738,067457,284
total liabilities59,63358,77387,9055,754,6793,209,7392,568,8832,149,8621,238,345903,552
net assets24,46934,03846,0796,360,72723,434-434,539-595,675-534,279-251,355
total shareholders funds24,46934,03846,0796,360,72723,434-434,539-595,675-534,279-251,355
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015
Operating Activities
Operating Profit-13,850-13,278-6,316,6857,821,709562,964197,647-61,657-283,139-251,455
Depreciation00002822,3475,5667,6266,801
Amortisation000000000
Tax000-1,486,526-107,426-37,797000
Stock00-712,014-576,709683,476-159,634331,6931,090432,098
Debtors-4,350-16,783-7,336,7885,672,352550,976473,889486,883-21,826195,692
Creditors1,5061,461-1,554,1821,455,69811,04246,019-274,835-129,928446,268
Accruals and Deferred Income-87-31,152-2,334,7171,302,699344,672147,450389,333183,9380
Deferred Taxes & Provisions00-16601660000
Cash flow from operations-8,081-26,186-2,156,9483,997,937-422,75241,411-760,169-200,767-426,176
Investing Activities
capital expenditure0008752,003005,708-31,208
Change in Investments000000000
cash flow from investments0008752,003005,708-31,208
Financing Activities
Bank loans000000000
Group/Directors Accounts00-545,547599,99500000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments000000000
other long term liabilities00-1,230,785-814,829284,976225,552797,019280,783457,284
share issue00000000100
interest4,2811,2382,0372,1102,4351,2862612150
cash flow from financing4,2811,238-1,774,295-212,724287,411226,838797,280280,998457,384
cash and cash equivalents
cash-4,359-24,390-3,932,6203,787,465-133,338268,24937,11185,9390
overdraft-559559-1,3771,37700000
change in cash-3,800-24,949-3,931,2433,786,088-133,338268,24937,11185,9390

gloves4u ltd 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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Gloves4u Ltd Competitor Analysis

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gloves4u ltd Ownership

GLOVES4U LTD group structure

Gloves4U Ltd has no subsidiary companies.

Ultimate parent company

GLOVES4U LTD

09106155

GLOVES4U LTD Shareholders

gareth hales 43%
charles hales 42%
ralph green 14%
sante property limited 1%

gloves4u ltd directors

Gloves4U Ltd currently has 2 directors. The longest serving directors include Mr Ralph Green (Jun 2014) and Mr Gareth Hales (Mar 2021).

officercountryagestartendrole
Mr Ralph GreenEngland44 years Jun 2014- Director
Mr Gareth HalesEngland46 years Mar 2021- Director

P&L

June 2023

turnover

20.4k

-18%

operating profit

-13.9k

0%

gross margin

31.7%

-3.91%

turnover

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

Balance Sheet

June 2023

net assets

24.5k

-0.28%

total assets

84.1k

-0.09%

cash

84.1k

-0.05%

net assets

Total assets minus all liabilities

gloves4u ltd company details

company number

09106155

Type

Private limited with Share Capital

industry

46420 - Wholesale of clothing and footwear

incorporation date

June 2014

age

10

accounts

Total Exemption Full

ultimate parent company

None

previous names

bastion europe limited (November 2016)

incorporated

UK

address

richmond house, deepdale enterprise park, lincoln, LN2 2LL

last accounts submitted

June 2023

gloves4u 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 gloves4u ltd.

charges

gloves4u ltd Companies House Filings - See Documents

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