gloves4u ltd
gloves4u ltd Company Information
Company Number
09106155
Website
www.gloves4u.euRegistered Address
richmond house, deepdale enterprise park, lincoln, LN2 2LL
Industry
Wholesale of clothing and footwear
Telephone
02030597740
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
gareth hales 43%
charles hales 42%
View Allgloves4u ltd Estimated Valuation
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
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
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
2 Strong
2 Regular
6 Weak
Size
annual sales of £20.4k, make it smaller than the average company (£16.7m)
- Gloves4u Ltd
£16.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -90%, show it is growing at a slower rate (4.1%)
- Gloves4u Ltd
4.1% - Industry AVG
Production
with a gross margin of 31.7%, this company has a comparable cost of product (31.7%)
- Gloves4u Ltd
31.7% - Industry AVG
Profitability
an operating margin of -68% make it less profitable than the average company (4.1%)
- Gloves4u Ltd
4.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (47)
- Gloves4u Ltd
47 - Industry AVG
Pay Structure
on an average salary of £37.1k, the company has an equivalent pay structure (£37.1k)
- Gloves4u Ltd
£37.1k - Industry AVG
Efficiency
resulting in sales per employee of £20.4k, this is less efficient (£303.5k)
- Gloves4u Ltd
£303.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Gloves4u Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (37 days)
- Gloves4u Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Gloves4u Ltd
- - Industry AVG
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
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
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 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 | 5 | 3 | 3 | 3 | |||||
| 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 | 0 | 0 | 0 | 0 | 875 | 3,160 | 5,507 | 11,073 | 24,407 |
| 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 | 0 | 0 | 0 | 0 | 875 | 3,160 | 5,507 | 11,073 | 24,407 |
| Stock & work in progress | 0 | 0 | 0 | 712,014 | 1,288,723 | 605,247 | 764,881 | 433,188 | 432,098 |
| Trade Debtors | 0 | 4,395 | 20,368 | 7,141,925 | 1,472,494 | 781,930 | 592,360 | 165,234 | 195,692 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 45 | 0 | 810 | 216,041 | 213,120 | 352,708 | 68,389 | 8,632 | 0 |
| Cash | 84,057 | 88,416 | 112,806 | 4,045,426 | 257,961 | 391,299 | 123,050 | 85,939 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 84,102 | 92,811 | 133,984 | 12,115,406 | 3,232,298 | 2,131,184 | 1,548,680 | 692,993 | 627,790 |
| total assets | 84,102 | 92,811 | 133,984 | 12,115,406 | 3,233,173 | 2,134,344 | 1,554,187 | 704,066 | 652,197 |
| Bank overdraft | 0 | 559 | 0 | 1,377 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,049 | 1,543 | 82 | 1,554,264 | 98,566 | 87,524 | 41,505 | 316,340 | 446,268 |
| Group/Directors Accounts | 54,448 | 54,448 | 54,448 | 599,995 | 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 | 2,136 | 2,223 | 33,375 | 2,368,092 | 1,065,393 | 720,721 | 573,271 | 183,938 | 0 |
| total current liabilities | 59,633 | 58,773 | 87,905 | 4,523,728 | 1,163,959 | 808,245 | 614,776 | 500,278 | 446,268 |
| 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 | 1,230,785 | 2,045,614 | 1,760,638 | 1,535,086 | 738,067 | 457,284 |
| provisions | 0 | 0 | 0 | 166 | 166 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 1,230,951 | 2,045,780 | 1,760,638 | 1,535,086 | 738,067 | 457,284 |
| total liabilities | 59,633 | 58,773 | 87,905 | 5,754,679 | 3,209,739 | 2,568,883 | 2,149,862 | 1,238,345 | 903,552 |
| net assets | 24,469 | 34,038 | 46,079 | 6,360,727 | 23,434 | -434,539 | -595,675 | -534,279 | -251,355 |
| total shareholders funds | 24,469 | 34,038 | 46,079 | 6,360,727 | 23,434 | -434,539 | -595,675 | -534,279 | -251,355 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 282 | 2,347 | 5,566 | 7,626 | 6,801 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | -712,014 | -576,709 | 683,476 | -159,634 | 331,693 | 1,090 | 432,098 |
| Debtors | -4,350 | -16,783 | -7,336,788 | 5,672,352 | 550,976 | 473,889 | 486,883 | -21,826 | 195,692 |
| Creditors | 1,506 | 1,461 | -1,554,182 | 1,455,698 | 11,042 | 46,019 | -274,835 | -129,928 | 446,268 |
| Accruals and Deferred Income | -87 | -31,152 | -2,334,717 | 1,302,699 | 344,672 | 147,450 | 389,333 | 183,938 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -166 | 0 | 166 | 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 | -545,547 | 599,995 | 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 | -1,230,785 | -814,829 | 284,976 | 225,552 | 797,019 | 280,783 | 457,284 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -4,359 | -24,390 | -3,932,620 | 3,787,465 | -133,338 | 268,249 | 37,111 | 85,939 | 0 |
| overdraft | -559 | 559 | -1,377 | 1,377 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,800 | -24,949 | -3,931,243 | 3,786,088 | -133,338 | 268,249 | 37,111 | 85,939 | 0 |
gloves4u ltd Credit Report and Business Information
Gloves4u Ltd Competitor Analysis
Perform a competitor analysis for gloves4u ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gloves4u ltd Ownership
GLOVES4U LTD group structure
Gloves4U Ltd has no subsidiary companies.
Ultimate parent company
GLOVES4U LTD
09106155
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ralph Green | England | 44 years | Jun 2014 | - | Director |
| Mr Gareth Hales | England | 46 years | Mar 2021 | - | Director |
P&L
June 2023turnover
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 2023net 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
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.
gloves4u ltd Companies House Filings - See Documents
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