ace casual limited
ace casual limited Company Information
Company Number
10247588
Next Accounts
Sep 2025
Industry
Wholesale of furniture, carpets and lighting equipment
Shareholders
xr holdings limited
Group Structure
View All
Contact
Registered Address
ace casual limited, bradford road, brighouse, HD6 4DJ
Website
acecasual.myshopify.comace casual limited Estimated Valuation
Pomanda estimates the enterprise value of ACE CASUAL LIMITED at £8.1m based on a Turnover of £17.6m and 0.46x industry multiple (adjusted for size and gross margin).
ace casual limited Estimated Valuation
Pomanda estimates the enterprise value of ACE CASUAL LIMITED at £1.7m based on an EBITDA of £359k and a 4.64x industry multiple (adjusted for size and gross margin).
ace casual limited Estimated Valuation
Pomanda estimates the enterprise value of ACE CASUAL LIMITED at £12.6m based on Net Assets of £7.9m and 1.6x industry multiple (adjusted for liquidity).
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Ace Casual Limited Overview
Ace Casual Limited is a live company located in brighouse, HD6 4DJ with a Companies House number of 10247588. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in June 2016, it's largest shareholder is xr holdings limited with a 100% stake. Ace Casual Limited is a young, mid sized company, Pomanda has estimated its turnover at £17.6m with rapid growth in recent years.
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Ace Casual Limited Health Check
Pomanda's financial health check has awarded Ace Casual Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £17.6m, make it larger than the average company (£14.3m)
£17.6m - Ace Casual Limited
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (6.2%)
- Ace Casual Limited
6.2% - Industry AVG
Production
with a gross margin of 30.4%, this company has a comparable cost of product (29.2%)
30.4% - Ace Casual Limited
29.2% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (2.3%)
1.6% - Ace Casual Limited
2.3% - Industry AVG
Employees
with 20 employees, this is below the industry average (45)
20 - Ace Casual Limited
45 - Industry AVG
Pay Structure
on an average salary of £75.6k, the company has a higher pay structure (£38.1k)
£75.6k - Ace Casual Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £878.3k, this is more efficient (£317.8k)
£878.3k - Ace Casual Limited
£317.8k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (41 days)
61 days - Ace Casual Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (31 days)
105 days - Ace Casual Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (76 days)
38 days - Ace Casual Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (9 weeks)
10 weeks - Ace Casual Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.2%, this is a lower level of debt than the average (52.1%)
42.2% - Ace Casual Limited
52.1% - Industry AVG
ACE CASUAL LIMITED financials
Ace Casual Limited's latest turnover from December 2023 is £17.6 million and the company has net assets of £7.9 million. According to their latest financial statements, Ace Casual Limited has 20 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 17,565,117 | 21,111,949 | 24,197,497 | 25,469,413 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 12,222,966 | 15,749,206 | 17,119,484 | 18,138,221 | ||||
| Gross Profit | 5,342,151 | 5,362,743 | 7,078,013 | 7,331,192 | ||||
| Admin Expenses | 5,065,416 | 2,997,500 | 3,082,653 | 4,355,083 | ||||
| Operating Profit | 276,735 | 2,365,243 | 3,995,360 | 2,976,109 | ||||
| Interest Payable | 1,854 | 341 | 5,612 | 15,719 | ||||
| Interest Receivable | 8,527 | 0 | 1 | 3,909 | ||||
| Pre-Tax Profit | 283,408 | 2,364,902 | 3,989,749 | 2,964,299 | ||||
| Tax | -33,496 | -223,027 | -657,821 | -516,974 | ||||
| Profit After Tax | 249,912 | 2,141,875 | 3,331,928 | 2,447,325 | ||||
| Dividends Paid | 0 | 0 | 4,897,757 | 0 | ||||
| Retained Profit | 249,912 | 2,141,875 | -1,565,829 | 2,447,325 | ||||
| Employee Costs | 1,512,341 | 1,470,933 | 1,149,353 | 1,573,644 | ||||
| Number Of Employees | 20 | 22 | 19 | 16 | 11 | 6 | 5 | 4 |
| EBITDA* | 359,048 | 2,413,885 | 4,014,524 | 2,996,066 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 163,872 | 130,591 | 89,258 | 63,331 | 59,422 | 14,160 | 11,886 | 15,847 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 21,625 | 21,625 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 4,601,833 | 0 | 0 | 0 | 0 | 0 | 0 | 8,816 |
| Total Fixed Assets | 4,787,330 | 152,216 | 89,258 | 63,331 | 59,422 | 14,160 | 11,886 | 24,663 |
| Stock & work in progress | 1,277,855 | 1,370,056 | 2,728,872 | 1,675,873 | 655,563 | 480,251 | 481,964 | 91,465 |
| Trade Debtors | 2,942,843 | 2,718,024 | 6,828,281 | 5,278,199 | 857,346 | 1,293,915 | 1,205,312 | 701,065 |
| Group Debtors | 2,648,767 | 3,286,107 | 367,791 | 367,782 | 366,026 | 252,579 | 0 | 0 |
| Misc Debtors | 742,203 | 659,533 | 878,138 | 1,543,432 | 528,481 | 1,487,569 | 191,829 | 46,452 |
| Cash | 1,183,413 | 2,515,287 | 2,486,956 | 1,046,114 | 100,550 | 595,445 | 38,374 | 21,672 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,795,081 | 10,549,007 | 13,290,038 | 9,911,400 | 2,507,966 | 4,109,759 | 1,917,479 | 860,654 |
| total assets | 13,582,411 | 10,701,223 | 13,379,296 | 9,974,731 | 2,567,388 | 4,123,919 | 1,929,365 | 885,317 |
| Bank overdraft | 0 | 0 | 0 | 1,289,974 | 63,075 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,518,879 | 1,028,976 | 4,157,466 | 3,783,046 | 1,076,748 | 2,285,147 | 1,220,828 | 641,262 |
| Group/Directors Accounts | 96 | 96 | 54,378 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 2,303 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 3,536 | 2,577 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,185,313 | 2,041,910 | 3,682,601 | 2,260,837 | 765,184 | 799,649 | 704,386 | 310,512 |
| total current liabilities | 5,704,288 | 3,070,982 | 7,897,981 | 7,338,737 | 1,905,007 | 3,084,796 | 1,925,214 | 951,774 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 2,578 | 0 | 0 | 0 | 0 |
| provisions | 22,782 | 24,812 | 17,761 | 12,033 | 11,290 | 2,690 | 2,258 | 3,011 |
| total long term liabilities | 22,782 | 24,812 | 17,761 | 14,611 | 11,290 | 2,690 | 2,258 | 3,011 |
| total liabilities | 5,727,070 | 3,095,794 | 7,915,742 | 7,353,348 | 1,916,297 | 3,087,486 | 1,927,472 | 954,785 |
| net assets | 7,855,341 | 7,605,429 | 5,463,554 | 2,621,383 | 651,091 | 1,036,433 | 1,893 | -69,468 |
| total shareholders funds | 7,855,341 | 7,605,429 | 5,463,554 | 2,621,383 | 651,091 | 1,036,433 | 1,893 | -69,468 |
| Dec 2023 | Dec 2022 | Dec 2021 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 276,735 | 2,365,243 | 3,995,360 | 2,976,109 | ||||
| Depreciation | 82,313 | 48,642 | 19,164 | 19,957 | 15,068 | 4,151 | 3,961 | 1,083 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -33,496 | -223,027 | -657,821 | -516,974 | ||||
| Stock | -92,201 | -1,358,816 | 2,073,309 | 1,020,310 | 175,312 | -1,713 | 390,499 | 91,465 |
| Debtors | 4,271,982 | -1,410,546 | 6,322,357 | 5,437,560 | -1,282,210 | 1,636,922 | 640,808 | 756,333 |
| Creditors | 2,489,903 | -3,128,490 | 3,080,718 | 2,706,298 | -1,208,399 | 1,064,319 | 579,566 | 641,262 |
| Accruals and Deferred Income | 143,403 | -1,640,691 | 2,917,417 | 1,495,653 | -34,465 | 95,263 | 393,874 | 310,512 |
| Deferred Taxes & Provisions | -2,030 | 7,051 | 6,471 | 743 | 8,600 | 432 | -753 | 3,011 |
| Cash flow from operations | -1,222,953 | 198,090 | 965,643 | 223,916 | ||||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 21,625 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -21,625 | 0 | 0 | ||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -54,282 | 54,378 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 2,303 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -3,536 | 3,536 | 2,577 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 2,578 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 6,673 | -341 | -5,611 | -11,810 | ||||
| cash flow from financing | 6,673 | -58,159 | 6,430,595 | -481,385 | ||||
| cash and cash equivalents | ||||||||
| cash | -1,331,874 | 28,331 | 2,386,406 | 945,564 | -494,895 | 557,071 | 16,702 | 21,672 |
| overdraft | 0 | 0 | -63,075 | 1,226,899 | 63,075 | 0 | 0 | 0 |
| change in cash | -1,331,874 | 28,331 | 2,449,481 | -281,335 | -557,970 | 557,071 | 16,702 | 21,672 |
ace casual limited Credit Report and Business Information
Ace Casual Limited Competitor Analysis
Perform a competitor analysis for ace casual limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in HD6 area or any other competitors across 12 key performance metrics.
ace casual limited Ownership
ACE CASUAL LIMITED group structure
Ace Casual Limited has no subsidiary companies.
Ultimate parent company
NORVAL INC
#0129090
2 parents
ACE CASUAL LIMITED
10247588
ace casual limited directors
Ace Casual Limited currently has 3 directors. The longest serving directors include Mr Murray Valene (Jun 2016) and Mr Robert McNae (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Murray Valene | United Kingdom | 84 years | Jun 2016 | - | Director |
| Mr Robert McNae | England | 50 years | Jun 2016 | - | Director |
| Mr Gary Shaw | England | 51 years | Oct 2020 | - | Director |
P&L
December 2023turnover
17.6m
-17%
operating profit
276.7k
-88%
gross margin
30.5%
+19.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.9m
+0.03%
total assets
13.6m
+0.27%
cash
1.2m
-0.53%
net assets
Total assets minus all liabilities
ace casual limited company details
company number
10247588
Type
Private limited with Share Capital
industry
46470 - Wholesale of furniture, carpets and lighting equipment
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRAVITA AUDIT II LIMITED
address
ace casual limited, bradford road, brighouse, HD6 4DJ
Bank
-
Legal Advisor
-
ace casual 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 found 5 charges/mortgages relating to ace casual limited. Currently there are 2 open charges and 3 have been satisfied in the past.
ace casual 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.
Click to start generating capital raising & share issue transactions for ACE CASUAL LIMITED. This can take several minutes, an email will notify you when this has completed.
ace casual limited Companies House Filings - See Documents
| date | description | view/download |
|---|
