majestic linens ltd
majestic linens ltd Company Information
Company Number
09326332
Next Accounts
22 days late
Industry
Wholesale of textiles
Directors
Shareholders
mohammed pervez akbar
Group Structure
View All
Contact
Registered Address
ram mill gardon street, chadderton, oldham, OL9 9RE
Website
-majestic linens ltd Estimated Valuation
Pomanda estimates the enterprise value of MAJESTIC LINENS LTD at £52.2k based on a Turnover of £211.1k and 0.25x industry multiple (adjusted for size and gross margin).
majestic linens ltd Estimated Valuation
Pomanda estimates the enterprise value of MAJESTIC LINENS LTD at £0 based on an EBITDA of £-221 and a 3.36x industry multiple (adjusted for size and gross margin).
majestic linens ltd Estimated Valuation
Pomanda estimates the enterprise value of MAJESTIC LINENS LTD at £15.2k based on Net Assets of £9k and 1.69x industry multiple (adjusted for liquidity).
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Majestic Linens Ltd Overview
Majestic Linens Ltd is a live company located in oldham, OL9 9RE with a Companies House number of 09326332. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in November 2014, it's largest shareholder is mohammed pervez akbar with a 100% stake. Majestic Linens Ltd is a established, micro sized company, Pomanda has estimated its turnover at £211.1k with rapid growth in recent years.
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Majestic Linens Ltd Health Check
Pomanda's financial health check has awarded Majestic Linens Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £211.1k, make it smaller than the average company (£14.7m)
- Majestic Linens Ltd
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (3.5%)
- Majestic Linens Ltd
3.5% - Industry AVG
Production
with a gross margin of 21.2%, this company has a higher cost of product (30.1%)
- Majestic Linens Ltd
30.1% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (4.3%)
- Majestic Linens Ltd
4.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
- Majestic Linens Ltd
43 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- Majestic Linens Ltd
£42k - Industry AVG
Efficiency
resulting in sales per employee of £211.1k, this is less efficient (£305.2k)
- Majestic Linens Ltd
£305.2k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (46 days)
- Majestic Linens Ltd
46 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (33 days)
- Majestic Linens Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Majestic Linens Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Majestic Linens Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.3%, this is a higher level of debt than the average (60.3%)
81.3% - Majestic Linens Ltd
60.3% - Industry AVG
MAJESTIC LINENS LTD financials
Majestic Linens Ltd's latest turnover from March 2023 is estimated at £211.1 thousand and the company has net assets of £9 thousand. According to their latest financial statements, we estimate that Majestic Linens Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 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 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 2,928 | 0 | 0 |
| Trade Debtors | 48,101 | 52,183 | 37,099 | 11,661 | 11,524 | 9,924 | 0 | 346 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 9,796 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,193 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 48,101 | 52,183 | 37,099 | 11,661 | 11,524 | 9,924 | 12,724 | 9,539 | 0 |
| total assets | 48,101 | 52,183 | 37,099 | 11,661 | 11,524 | 9,924 | 12,724 | 9,539 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 34 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 35,031 | 38,847 | 32,709 | 12,666 | 13,424 | 11,806 | 6,489 | 2,484 | 0 |
| 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 | 6,220 | 7,186 | 0 |
| total current liabilities | 35,031 | 38,847 | 32,709 | 12,666 | 13,424 | 11,806 | 12,743 | 9,670 | 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 | 4,083 | 4,128 | 3,378 | 2,730 | 1,960 | 1,460 | 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 | 4,083 | 4,128 | 3,378 | 2,730 | 1,960 | 1,460 | 0 | 0 | 0 |
| total liabilities | 39,114 | 42,975 | 36,087 | 15,396 | 15,384 | 13,266 | 12,743 | 9,670 | 0 |
| net assets | 8,987 | 9,208 | 1,012 | -3,735 | -3,860 | -3,342 | -19 | -131 | 0 |
| total shareholders funds | 8,987 | 9,208 | 1,012 | -3,735 | -3,860 | -3,342 | -19 | -131 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Apr 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -2,928 | 2,928 | 0 | 0 |
| Debtors | -4,082 | 15,084 | 25,438 | 137 | 1,600 | 128 | 9,450 | 346 | 0 |
| Creditors | -3,816 | 6,138 | 20,043 | -758 | 1,618 | 5,317 | 4,005 | 2,484 | 0 |
| Accruals and Deferred Income | -45 | 750 | 648 | 770 | 500 | -4,760 | -966 | 7,186 | 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 | -9,193 | 9,193 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -34 | 34 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 34 | -9,227 | 9,193 | 0 |
majestic linens ltd Credit Report and Business Information
Majestic Linens Ltd Competitor Analysis
Perform a competitor analysis for majestic linens 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 OL9 area or any other competitors across 12 key performance metrics.
majestic linens ltd Ownership
MAJESTIC LINENS LTD group structure
Majestic Linens Ltd has no subsidiary companies.
Ultimate parent company
MAJESTIC LINENS LTD
09326332
majestic linens ltd directors
Majestic Linens Ltd currently has 1 director, Mr Mohammed Akbar serving since Nov 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mohammed Akbar | England | 44 years | Nov 2014 | - | Director |
P&L
March 2023turnover
211.1k
+3%
operating profit
-221
0%
gross margin
21.2%
+9.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
9k
-0.02%
total assets
48.1k
-0.08%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
majestic linens ltd company details
company number
09326332
Type
Private limited with Share Capital
industry
46410 - Wholesale of textiles
incorporation date
November 2014
age
11
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
PEARLMAN ROSE
auditor
-
address
ram mill gardon street, chadderton, oldham, OL9 9RE
Bank
-
Legal Advisor
-
majestic linens 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 majestic linens ltd.
majestic linens ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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majestic linens ltd Companies House Filings - See Documents
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