house 24 (london) ltd
house 24 (london) ltd Company Information
Company Number
10639594
Next Accounts
May 2025
Industry
Retail sale of clothing in specialised stores
Directors
Shareholders
rachad tabiat
alothman & tabiat general trading company
View AllGroup Structure
View All
Contact
Registered Address
10 london mews, paddington, london, W2 1HY
Website
-house 24 (london) ltd Estimated Valuation
Pomanda estimates the enterprise value of HOUSE 24 (LONDON) LTD at £505.1k based on a Turnover of £1.3m and 0.4x industry multiple (adjusted for size and gross margin).
house 24 (london) ltd Estimated Valuation
Pomanda estimates the enterprise value of HOUSE 24 (LONDON) LTD at £422.6k based on an EBITDA of £109.7k and a 3.85x industry multiple (adjusted for size and gross margin).
house 24 (london) ltd Estimated Valuation
Pomanda estimates the enterprise value of HOUSE 24 (LONDON) LTD at £4.6m based on Net Assets of £1.6m and 2.87x industry multiple (adjusted for liquidity).
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House 24 (london) Ltd Overview
House 24 (london) Ltd is a live company located in london, W2 1HY with a Companies House number of 10639594. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in February 2017, it's largest shareholder is rachad tabiat with a 39% stake. House 24 (london) Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.3m with low growth in recent years.
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House 24 (london) Ltd Health Check
Pomanda's financial health check has awarded House 24 (London) Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£8m)
- House 24 (london) Ltd
£8m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.2%)
- House 24 (london) Ltd
6.2% - Industry AVG
Production
with a gross margin of 50.7%, this company has a comparable cost of product (50.7%)
- House 24 (london) Ltd
50.7% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (4.8%)
- House 24 (london) Ltd
4.8% - Industry AVG
Employees
with 6 employees, this is below the industry average (57)
6 - House 24 (london) Ltd
57 - Industry AVG
Pay Structure
on an average salary of £26.4k, the company has an equivalent pay structure (£26.4k)
- House 24 (london) Ltd
£26.4k - Industry AVG
Efficiency
resulting in sales per employee of £212.5k, this is more efficient (£146.9k)
- House 24 (london) Ltd
£146.9k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (12 days)
- House 24 (london) Ltd
12 days - Industry AVG
Creditor Days
its suppliers are paid after 407 days, this is slower than average (35 days)
- House 24 (london) Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 165 days, this is in line with average (142 days)
- House 24 (london) Ltd
142 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - House 24 (london) Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49%, this is a lower level of debt than the average (76.4%)
49% - House 24 (london) Ltd
76.4% - Industry AVG
HOUSE 24 (LONDON) LTD financials
House 24 (London) Ltd's latest turnover from August 2023 is estimated at £1.3 million and the company has net assets of £1.6 million. According to their latest financial statements, House 24 (London) Ltd has 6 employees and maintains cash reserves of £217 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| 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 | 6 | 5 | 5 | 10 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 203,140 | 184,746 | 0 | 0 | 0 | 0 |
| Intangible Assets | 783,237 | 854,440 | 925,643 | 996,847 | 0 | 0 |
| Investments & Other | 100 | 100 | 100 | 100 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 986,477 | 1,039,286 | 925,743 | 996,947 | 0 | 0 |
| Stock & work in progress | 285,585 | 404,000 | 624,591 | 718,467 | 0 | 0 |
| Trade Debtors | 9,757 | 7,237 | 5,293 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,893,198 | 1,736,694 | 1,223,723 | 1,246,670 | 100 | 100 |
| Cash | 217 | 264 | 57,872 | 5,016 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,188,757 | 2,148,195 | 1,911,479 | 1,970,153 | 100 | 100 |
| total assets | 3,175,234 | 3,187,481 | 2,837,222 | 2,967,100 | 100 | 100 |
| Bank overdraft | 33,792 | 35,888 | 33,257 | 3,112 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 700,378 | 626,377 | 303,877 | 226,922 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 803,083 | 883,533 | 875,082 | 847,613 | 0 | 0 |
| total current liabilities | 1,537,253 | 1,545,798 | 1,212,216 | 1,077,647 | 0 | 0 |
| loans | 19,062 | 29,097 | 38,885 | 48,432 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 19,062 | 29,097 | 38,885 | 48,432 | 0 | 0 |
| total liabilities | 1,556,315 | 1,574,895 | 1,251,101 | 1,126,079 | 0 | 0 |
| net assets | 1,618,919 | 1,612,586 | 1,586,121 | 1,841,021 | 100 | 100 |
| total shareholders funds | 1,618,919 | 1,612,586 | 1,586,121 | 1,841,021 | 100 | 100 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 23,436 | 3,132 | 0 | 0 | 0 | 0 |
| Amortisation | 71,203 | 71,203 | 71,204 | 71,203 | 0 | 0 |
| Tax | ||||||
| Stock | -118,415 | -220,591 | -93,876 | 718,467 | 0 | 0 |
| Debtors | 159,024 | 514,915 | -17,654 | 1,246,570 | 0 | 100 |
| Creditors | 74,001 | 322,500 | 76,955 | 226,922 | 0 | 0 |
| Accruals and Deferred Income | -80,450 | 8,451 | 27,469 | 847,613 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 100 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,035 | -9,788 | -9,547 | 48,432 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -47 | -57,608 | 52,856 | 5,016 | 0 | 0 |
| overdraft | -2,096 | 2,631 | 30,145 | 3,112 | 0 | 0 |
| change in cash | 2,049 | -60,239 | 22,711 | 1,904 | 0 | 0 |
house 24 (london) ltd Credit Report and Business Information
House 24 (london) Ltd Competitor Analysis
Perform a competitor analysis for house 24 (london) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in W 2 area or any other competitors across 12 key performance metrics.
house 24 (london) ltd Ownership
HOUSE 24 (LONDON) LTD group structure
House 24 (London) Ltd has 2 subsidiary companies.
Ultimate parent company
HOUSE 24 (LONDON) LTD
10639594
2 subsidiaries
house 24 (london) ltd directors
House 24 (London) Ltd currently has 1 director, Mr Rachad Rik El Bakhour Tabiat serving since Feb 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rachad Rik El Bakhour Tabiat | United Kingdom | 61 years | Feb 2017 | - | Director |
P&L
August 2023turnover
1.3m
+30%
operating profit
15.1k
0%
gross margin
50.8%
+4.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
1.6m
0%
total assets
3.2m
0%
cash
217
-0.18%
net assets
Total assets minus all liabilities
Similar Companies
house 24 (london) ltd company details
company number
10639594
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
February 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
house 24 ltd (August 2018)
accountant
STEIN RICHARDS
auditor
-
address
10 london mews, paddington, london, W2 1HY
Bank
-
Legal Advisor
-
house 24 (london) 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 found 1 charges/mortgages relating to house 24 (london) ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
house 24 (london) ltd Companies House Filings - See Documents
| date | description | view/download |
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