The Fashion Network Limited

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the fashion network limited Company Information

Live

YoungMicroHealthy

Company Number

10059705

Website

http://www.manchesterfashion.com

Registered Address

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

Industry

Advertising agencies

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Dale Hicks8 Years

Kartik Thyagarajan8 Years

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Shareholders

dale hicks 40%

david mallon 40%

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the fashion network limited Estimated Valuation

£35.2k

Pomanda estimates the enterprise value of THE FASHION NETWORK LIMITED at £35.2k based on a Turnover of £90.5k and 0.39x industry multiple (adjusted for size and gross margin).

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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 dale hicks with a 40% stake. The Fashion Network Limited is a young, micro sized company, Pomanda has estimated its turnover at £90.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded The Fashion Network Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £90.5k, make it smaller than the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (2.6%)

EXPORT

The Fashion Network Limited's latest turnover from March 2023 is estimated at £90.5 thousand and the company has net assets of -£1 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 House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Turnover	90,451	100,537	78,828	67,577	68,116	167,783	127,640
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	69,566	75,970	60,985	52,041	54,971	130,963	96,944
Gross Profit	20,885	24,567	17,844	15,536	13,145	36,820	30,696
Admin Expenses	29,001	26,995	-76,818	25,680	4,102	62,161	64,676
Operating Profit	-8,116	-2,428	94,662	-10,144	9,043	-25,341	-33,980
Interest Payable	0	0	0	0	0	2,561	2,462
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	-8,116	-2,428	94,662	-10,144	9,043	-27,902	-36,442
Tax	0	0	-17,986	0	-1,718	0	0
Profit After Tax	-8,116	-2,428	76,676	-10,144	7,325	-27,902	-36,442
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-8,116	-2,428	76,676	-10,144	7,325	-27,902	-36,442
Employee Costs	119,103	116,757	106,993	112,976	56,394	54,612	107,203
Number Of Employees	2	2	2	2	1	1	2
EBITDA*	-8,116	-2,428	94,662	-10,144	9,043	-25,341	-33,980

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	225	300	400	2,909	4,750	7,125	16,871
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	225	300	400	2,909	4,750	7,125	16,871
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	14,011	24,055	15,614	4,161	18,150	74,130	21,190
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	4,285
total current assets	14,011	24,055	15,614	4,161	18,150	74,130	25,475
total assets	14,236	24,355	16,014	7,070	22,900	81,255	42,346
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	5,406	5,369	3,061	2,349	4,328	2,996	0
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	5,406	5,369	3,061	2,349	4,328	2,996	0
loans	0	0	0	0	0	0	78,788
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	142,603	0
other liabilities	9,861	11,901	3,440	71,884	75,591	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	9,861	11,901	3,440	71,884	75,591	142,603	78,788
total liabilities	15,267	17,270	6,501	74,233	79,919	145,599	78,788
net assets	-1,031	7,085	9,513	-67,163	-57,019	-64,344	-36,442
total shareholders funds	-1,031	7,085	9,513	-67,163	-57,019	-64,344	-36,442

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	-8,116	-2,428	94,662	-10,144	9,043	-25,341	-33,980
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	0	-17,986	0	-1,718	0	0
Stock	0	0	0	0	0	0	0
Debtors	-10,044	8,441	11,453	-13,989	-55,980	52,940	21,190
Creditors	37	2,308	712	-1,979	1,332	2,996	0
Accruals and Deferred Income	0	0	0	0	-142,603	142,603	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	1,965	-8,561	65,935	1,866	-77,966	67,318	-55,170
Investing Activities
capital expenditure	75	100	2,509	1,841	2,375	9,746	-16,871
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	75	100	2,509	1,841	2,375	9,746	-16,871
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-78,788	78,788
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-2,040	8,461	-68,444	-3,707	75,591	0	0
share issue	0	0	0	0	0	0	0
interest	0	0	0	0	0	-2,561	-2,462
cash flow from financing	-2,040	8,461	-68,444	-3,707	75,591	-81,349	76,326
cash and cash equivalents
cash	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0

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 group structure

The Fashion Network Limited has no subsidiary companies.

Ultimate parent company

THE FASHION NETWORK LIMITED

10059705

THE FASHION NETWORK LIMITED Shareholders

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

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

officer	country	age	start	end	role
Mr Dale Hicks	England	49 years	Mar 2016	-	Director
Mr Kartik Thyagarajan	United Kingdom	52 years	Jul 2016	-	Director
Mr David Mallon	England	58 years	Jan 2020	-	Director
Mr David Mallon	England	58 years	Jan 2020	-	Director

P&L

March 2023

turnover

90.5k

-10%

operating profit

-8.1k

gross margin

23.1%

-5.51%

turnover

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

Balance Sheet

March 2023

net assets

-1k

-1.15%

total assets

14.2k

-0.42%

cash

net assets

Total assets minus all liabilities

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company number

10059705

Type

Private limited with Share Capital

industry

73110 - Advertising agencies

incorporation date

March 2016

ultimate parent company

None

previous names

N/A

address

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

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.

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the fashion network limited Company Information

the fashion network limited Estimated Valuation

the fashion network limited Estimated Valuation

the fashion network limited Estimated Valuation

The Fashion Network Limited Overview

The Fashion Network Limited Health Check

THE FASHION NETWORK LIMITED financials

the fashion network limited Credit Report and Business Information

The Fashion Network Limited Competitor Analysis

the fashion network limited Ownership

the fashion network limited directors

the fashion network limited company details

the fashion network limited Charges & Mortgages

the fashion network limited Companies House Filings - See Documents