fashion 8 (leic) ltd
fashion 8 (leic) ltd Company Information
Company Number
09533985
Website
-Registered Address
unit 4 first floor gough road, leicester, LE5 4AL
Industry
Manufacture of other textiles n.e.c.
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Directors
Harun Patel2 Years
Shareholders
harun patel 100%
fashion 8 (leic) ltd Estimated Valuation
Pomanda estimates the enterprise value of FASHION 8 (LEIC) LTD at £118.4k based on a Turnover of £502.3k and 0.24x industry multiple (adjusted for size and gross margin).
fashion 8 (leic) ltd Estimated Valuation
Pomanda estimates the enterprise value of FASHION 8 (LEIC) LTD at £0 based on an EBITDA of £-23.4k and a 3.45x industry multiple (adjusted for size and gross margin).
fashion 8 (leic) ltd Estimated Valuation
Pomanda estimates the enterprise value of FASHION 8 (LEIC) LTD at £0 based on Net Assets of £-17.5k and 1.45x industry multiple (adjusted for liquidity).
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Fashion 8 (leic) Ltd Overview
Fashion 8 (leic) Ltd is a live company located in leicester, LE5 4AL with a Companies House number of 09533985. It operates in the manufacture of other textiles n.e.c. sector, SIC Code 13990. Founded in April 2015, it's largest shareholder is harun patel with a 100% stake. Fashion 8 (leic) Ltd is a young, small sized company, Pomanda has estimated its turnover at £502.3k with declining growth in recent years.
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Fashion 8 (leic) Ltd Health Check
Pomanda's financial health check has awarded Fashion 8 (Leic) Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £502.3k, make it smaller than the average company (£13.3m)
- Fashion 8 (leic) Ltd
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -36%, show it is growing at a slower rate (0.6%)
- Fashion 8 (leic) Ltd
0.6% - Industry AVG
Production
with a gross margin of 33.6%, this company has a comparable cost of product (33.6%)
- Fashion 8 (leic) Ltd
33.6% - Industry AVG
Profitability
an operating margin of -5.2% make it less profitable than the average company (3.7%)
- Fashion 8 (leic) Ltd
3.7% - Industry AVG
Employees
with 10 employees, this is below the industry average (86)
10 - Fashion 8 (leic) Ltd
86 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)
- Fashion 8 (leic) Ltd
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £50.2k, this is less efficient (£146.6k)
- Fashion 8 (leic) Ltd
£146.6k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (43 days)
- Fashion 8 (leic) Ltd
43 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (41 days)
- Fashion 8 (leic) Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 57 days, this is less than average (98 days)
- Fashion 8 (leic) Ltd
98 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (32 weeks)
1 weeks - Fashion 8 (leic) Ltd
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.1%, this is a higher level of debt than the average (36.5%)
119.1% - Fashion 8 (leic) Ltd
36.5% - Industry AVG
FASHION 8 (LEIC) LTD financials
Fashion 8 (Leic) Ltd's latest turnover from November 2023 is estimated at £502.3 thousand and the company has net assets of -£17.5 thousand. According to their latest financial statements, Fashion 8 (Leic) Ltd has 10 employees and maintains cash reserves of £2.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Oct 2016 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 10 | 25 | 25 | 25 | 21 | 21 | 20 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Oct 2016 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,483 | 18,216 | 21,430 | 25,212 | 17,474 | 17,097 | 18,190 | 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 | 15,483 | 18,216 | 21,430 | 25,212 | 17,474 | 17,097 | 18,190 | 0 | 0 |
| Stock & work in progress | 52,830 | 55,180 | 75,280 | 178,530 | 246,690 | 236,925 | 98,550 | 0 | 0 |
| Trade Debtors | 20,500 | 15,729 | 45,896 | 0 | 80,644 | 13,747 | 73,666 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 6,059 | 1,410 | 12,535 | 3,550 | 3,550 | 3,952 | 0 | 0 |
| Cash | 2,875 | 12,998 | 8,072 | 58,855 | 39,454 | 26,236 | 19,841 | 1 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 76,205 | 89,966 | 130,658 | 249,920 | 370,338 | 280,458 | 196,009 | 1 | 0 |
| total assets | 91,688 | 108,182 | 152,088 | 275,132 | 387,812 | 297,555 | 214,199 | 1 | 0 |
| Bank overdraft | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 28,417 | 8,767 | 26,639 | 126,938 | 292,335 | 230,665 | 133,889 | 0 | 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 | 55,819 | 52,944 | 60,212 | 69,922 | 42,787 | 17,247 | 59,708 | 0 | 0 |
| total current liabilities | 84,237 | 61,712 | 86,851 | 196,860 | 335,122 | 247,912 | 193,597 | 0 | 0 |
| loans | 25,000 | 35,000 | 45,000 | 50,000 | 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 | 25,000 | 35,000 | 45,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 109,237 | 96,712 | 131,851 | 246,860 | 335,122 | 247,912 | 193,597 | 0 | 0 |
| net assets | -17,549 | 11,470 | 20,237 | 28,272 | 52,690 | 49,643 | 20,602 | 1 | 0 |
| total shareholders funds | -17,549 | 11,470 | 20,237 | 28,272 | 52,690 | 49,643 | 20,602 | 1 | 0 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Oct 2016 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 2,733 | 0 | 3,782 | 2,621 | 4,283 | 3,584 | 3,210 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | -2,350 | -20,100 | -103,250 | -68,160 | 9,765 | 138,375 | 98,550 | 0 | 0 |
| Debtors | -1,288 | -25,518 | 34,771 | -71,659 | 66,897 | -60,321 | 77,618 | 0 | 0 |
| Creditors | 19,650 | -17,872 | -100,299 | -165,397 | 61,670 | 96,776 | 133,889 | 0 | 0 |
| Accruals and Deferred Income | 2,875 | -7,268 | -9,710 | 27,135 | 25,540 | -42,461 | 59,708 | 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 | -10,000 | -10,000 | -5,000 | 50,000 | 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 | -10,123 | 4,926 | -50,783 | 19,401 | 13,218 | 6,395 | 19,840 | 1 | 0 |
| overdraft | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -10,123 | 4,925 | -50,783 | 19,401 | 13,218 | 6,395 | 19,840 | 1 | 0 |
fashion 8 (leic) ltd Credit Report and Business Information
Fashion 8 (leic) Ltd Competitor Analysis
Perform a competitor analysis for fashion 8 (leic) ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LE5 area or any other competitors across 12 key performance metrics.
fashion 8 (leic) ltd Ownership
FASHION 8 (LEIC) LTD group structure
Fashion 8 (Leic) Ltd has no subsidiary companies.
Ultimate parent company
FASHION 8 (LEIC) LTD
09533985
fashion 8 (leic) ltd directors
Fashion 8 (Leic) Ltd currently has 1 director, Mr Harun Patel serving since Jan 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harun Patel | England | 39 years | Jan 2022 | - | Director |
P&L
November 2023turnover
502.3k
-43%
operating profit
-26.1k
0%
gross margin
33.7%
+1.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-17.5k
-2.53%
total assets
91.7k
-0.15%
cash
2.9k
-0.78%
net assets
Total assets minus all liabilities
fashion 8 (leic) ltd company details
company number
09533985
Type
Private limited with Share Capital
industry
13990 - Manufacture of other textiles n.e.c.
incorporation date
April 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
unit 4 first floor gough road, leicester, LE5 4AL
Bank
-
Legal Advisor
-
fashion 8 (leic) 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 fashion 8 (leic) ltd.
fashion 8 (leic) ltd Companies House Filings - See Documents
| date | description | view/download |
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