the fashion network limited

the fashion network limited Company Information

Share THE FASHION NETWORK LIMITED
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Company Number

10059705

Industry

Advertising agencies

 

Shareholders

david mallon

dale hicks

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Group Structure

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Contact

Registered Address

hello work old granada studios, 2 atherton street, manchester, greater manchester, M3 3GS

the fashion network limited Estimated Valuation

£24.6k

Pomanda estimates the enterprise value of THE FASHION NETWORK LIMITED at £24.6k based on a Turnover of £77.2k and 0.32x industry multiple (adjusted for size and gross margin).

the fashion network limited Estimated Valuation

£0

Pomanda estimates the enterprise value of THE FASHION NETWORK LIMITED at £0 based on an EBITDA of £-157.7k and a 2.17x industry multiple (adjusted for size and gross margin).

the fashion network limited Estimated Valuation

£0

Pomanda estimates the enterprise value of THE FASHION NETWORK LIMITED at £0 based on Net Assets of £-158.7k and 1.84x industry multiple (adjusted for liquidity).

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The Fashion Network Limited Overview

The Fashion Network Limited is a live company located in manchester, M3 3GS with a Companies House number of 10059705. It operates in the advertising agencies sector, SIC Code 73110. Founded in March 2016, it's largest shareholder is david mallon with a 40% stake. The Fashion Network Limited is a young, micro sized company, Pomanda has estimated its turnover at £77.2k with declining growth in recent years.

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The Fashion Network Limited Health Check

Pomanda's financial health check has awarded The Fashion Network Limited 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

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £77.2k, make it smaller than the average company (£7.2m)

£77.2k - The Fashion Network Limited

£7.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (9.2%)

-2% - The Fashion Network Limited

9.2% - Industry AVG

production

Production

with a gross margin of 20.2%, this company has a higher cost of product (42.1%)

20.2% - The Fashion Network Limited

42.1% - Industry AVG

profitability

Profitability

an operating margin of -204.3% make it less profitable than the average company (4.8%)

-204.3% - The Fashion Network Limited

4.8% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (33)

2 - The Fashion Network Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £62.7k, the company has an equivalent pay structure (£62.7k)

£62.7k - The Fashion Network Limited

£62.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £38.6k, this is less efficient (£180.7k)

£38.6k - The Fashion Network Limited

£180.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 18 days, this is earlier than average (52 days)

18 days - The Fashion Network Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 67 days, this is slower than average (42 days)

67 days - The Fashion Network Limited

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Fashion Network Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - The Fashion Network Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 3415.8%, this is a higher level of debt than the average (65.4%)

3415.8% - The Fashion Network Limited

65.4% - Industry AVG

THE FASHION NETWORK LIMITED financials

EXPORTms excel logo

The Fashion Network Limited's latest turnover from March 2024 is estimated at £77.2 thousand and the company has net assets of -£158.7 thousand. According to their latest financial statements, The Fashion Network Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Turnover77,15892,801103,24181,03068,30968,014170,146128,156
Other Income Or Grants00000000
Cost Of Sales61,59472,41778,67364,20453,06055,025134,84299,795
Gross Profit15,56420,38424,56816,82615,24912,98935,30428,361
Admin Expenses173,22828,50026,996-77,83625,3933,94660,64562,341
Operating Profit-157,664-8,116-2,42894,662-10,1449,043-25,341-33,980
Interest Payable0000002,5612,462
Interest Receivable00000000
Pre-Tax Profit-157,664-8,116-2,42894,662-10,1449,043-27,902-36,442
Tax000-17,9860-1,71800
Profit After Tax-157,664-8,116-2,42876,676-10,1447,325-27,902-36,442
Dividends Paid00000000
Retained Profit-157,664-8,116-2,42876,676-10,1447,325-27,902-36,442
Employee Costs125,359124,772124,550110,276113,23456,73155,318108,775
Number Of Employees22222112
EBITDA*-157,664-8,116-2,42894,662-10,1449,043-25,341-33,980

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Tangible Assets8222253004002,9094,7507,12516,871
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)00000000
Total Fixed Assets8222253004002,9094,7507,12516,871
Stock & work in progress00000000
Trade Debtors3,96414,01124,05515,6144,16118,15074,13021,190
Group Debtors00000000
Misc Debtors00000000
Cash00000000
misc current assets00000004,285
total current assets3,96414,01124,05515,6144,16118,15074,13025,475
total assets4,78614,23624,35516,0147,07022,90081,25542,346
Bank overdraft00000000
Bank loan00000000
Trade Creditors 11,3585,4065,3693,0612,3494,3282,9960
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities00000000
total current liabilities11,3585,4065,3693,0612,3494,3282,9960
loans000000078,788
hp & lease commitments00000000
Accruals and Deferred Income000000142,6030
other liabilities152,1239,86111,9013,44071,88475,59100
provisions00000000
total long term liabilities152,1239,86111,9013,44071,88475,591142,60378,788
total liabilities163,48115,26717,2706,50174,23379,919145,59978,788
net assets-158,695-1,0317,0859,513-67,163-57,019-64,344-36,442
total shareholders funds-158,695-1,0317,0859,513-67,163-57,019-64,344-36,442
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Operating Activities
Operating Profit-157,664-8,116-2,42894,662-10,1449,043-25,341-33,980
Depreciation00000000
Amortisation00000000
Tax000-17,9860-1,71800
Stock00000000
Debtors-10,047-10,0448,44111,453-13,989-55,98052,94021,190
Creditors5,952372,308712-1,9791,3322,9960
Accruals and Deferred Income00000-142,603142,6030
Deferred Taxes & Provisions00000000
Cash flow from operations-141,6651,965-8,56165,9351,866-77,96667,318-55,170
Investing Activities
capital expenditure-597751002,5091,8412,3759,746-16,871
Change in Investments00000000
cash flow from investments-597751002,5091,8412,3759,746-16,871
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans000000-78,78878,788
Hire Purchase and Lease Commitments00000000
other long term liabilities142,262-2,0408,461-68,444-3,70775,59100
share issue00000000
interest000000-2,561-2,462
cash flow from financing142,262-2,0408,461-68,444-3,70775,591-81,34976,326
cash and cash equivalents
cash00000000
overdraft00000000
change in cash00000000

the fashion network limited 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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The Fashion Network Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for the fashion network limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in M 3 area or any other competitors across 12 key performance metrics.

the fashion network limited Ownership

THE FASHION NETWORK LIMITED group structure

The Fashion Network Limited has no subsidiary companies.

Ultimate parent company

THE FASHION NETWORK LIMITED

10059705

THE FASHION NETWORK LIMITED Shareholders

david mallon 40%
dale hicks 40%
kartik thyagarajan 20%

the fashion network limited directors

The Fashion Network Limited currently has 4 directors. The longest serving directors include Mr Dale Hicks (Mar 2016) and Mr Kartik Thyagarajan (Jul 2016).

officercountryagestartendrole
Mr Dale HicksEngland49 years Mar 2016- Director
Mr Kartik ThyagarajanEngland52 years Jul 2016- Director
Mr David Mallon58 years Jan 2020- Director
Mr David Mallon58 years Jan 2020- Director

P&L

March 2024

turnover

77.2k

-17%

operating profit

-157.7k

0%

gross margin

20.2%

-8.17%

turnover

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

Balance Sheet

March 2024

net assets

-158.7k

+152.92%

total assets

4.8k

-0.66%

cash

0

0%

net assets

Total assets minus all liabilities

the fashion network limited company details

company number

10059705

Type

Private limited with Share Capital

industry

73110 - Advertising agencies

incorporation date

March 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

hello work old granada studios, 2 atherton street, manchester, greater manchester, M3 3GS

Bank

-

Legal Advisor

-

the fashion network limited 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 the fashion network limited.

the fashion network limited 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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the fashion network limited Companies House Filings - See Documents

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