soar clothing ltd
soar clothing ltd Company Information
Company Number
11244791
Website
soarclothing.netRegistered Address
queens buildings central street, bolton, lancs, BL1 2AB
Industry
Manufacture of other wearing apparel and accessories
Telephone
-
Next Accounts Due
October 2025
Group Structure
View All
Directors
Joshua Ricketts6 Years
Shareholders
joshua ricketts 100%
soar clothing ltd Estimated Valuation
Pomanda estimates the enterprise value of SOAR CLOTHING LTD at £76.3k based on a Turnover of £140.5k and 0.54x industry multiple (adjusted for size and gross margin).
soar clothing ltd Estimated Valuation
Pomanda estimates the enterprise value of SOAR CLOTHING LTD at £36.5k based on an EBITDA of £7.8k and a 4.66x industry multiple (adjusted for size and gross margin).
soar clothing ltd Estimated Valuation
Pomanda estimates the enterprise value of SOAR CLOTHING LTD at £1.5k based on Net Assets of £357 and 4.13x industry multiple (adjusted for liquidity).
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Soar Clothing Ltd Overview
Soar Clothing Ltd is a live company located in lancs, BL1 2AB with a Companies House number of 11244791. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in March 2018, it's largest shareholder is joshua ricketts with a 100% stake. Soar Clothing Ltd is a young, micro sized company, Pomanda has estimated its turnover at £140.5k with low growth in recent years.
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Soar Clothing Ltd Health Check
Pomanda's financial health check has awarded Soar Clothing Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £140.5k, make it smaller than the average company (£10.3m)
- Soar Clothing Ltd
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (10.4%)
- Soar Clothing Ltd
10.4% - Industry AVG
Production
with a gross margin of 25.9%, this company has a higher cost of product (35.5%)
- Soar Clothing Ltd
35.5% - Industry AVG
Profitability
an operating margin of 5.6% make it as profitable than the average company (6.3%)
- Soar Clothing Ltd
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (44)
- Soar Clothing Ltd
44 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)
- Soar Clothing Ltd
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £140.5k, this is less efficient (£181.4k)
- Soar Clothing Ltd
£181.4k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (36 days)
- Soar Clothing Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (33 days)
- Soar Clothing Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Soar Clothing Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Soar Clothing Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (47.2%)
99% - Soar Clothing Ltd
47.2% - Industry AVG
SOAR CLOTHING LTD financials
Soar Clothing Ltd's latest turnover from January 2024 is estimated at £140.5 thousand and the company has net assets of £357. According to their latest financial statements, we estimate that Soar Clothing Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 36,089 | 35,742 | 38,544 | 50,043 | 6,701 | 5,677 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 36,089 | 35,742 | 38,544 | 50,043 | 6,701 | 5,677 |
| total assets | 36,089 | 35,742 | 38,544 | 50,043 | 6,701 | 5,677 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,591 | 5,555 | 5,555 | 8,334 | 399 | 1,078 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,591 | 5,555 | 5,555 | 8,334 | 399 | 1,078 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 30,141 | 35,707 | 41,220 | 41,667 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,141 | 35,707 | 41,220 | 41,667 | 0 | 0 |
| total liabilities | 35,732 | 41,262 | 46,775 | 50,001 | 399 | 1,078 |
| net assets | 357 | -5,520 | -8,231 | 42 | 6,302 | 4,599 |
| total shareholders funds | 357 | -5,520 | -8,231 | 42 | 6,302 | 4,599 |
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 347 | -2,802 | -11,499 | 43,342 | 1,024 | 5,677 |
| Creditors | 36 | 0 | -2,779 | 7,935 | -679 | 1,078 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 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 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -5,566 | -5,513 | -447 | 41,667 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
soar clothing ltd Credit Report and Business Information
Soar Clothing Ltd Competitor Analysis
Perform a competitor analysis for soar clothing ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in BL1 area or any other competitors across 12 key performance metrics.
soar clothing ltd Ownership
SOAR CLOTHING LTD group structure
Soar Clothing Ltd has no subsidiary companies.
Ultimate parent company
SOAR CLOTHING LTD
11244791
soar clothing ltd directors
Soar Clothing Ltd currently has 1 director, Mr Joshua Ricketts serving since Mar 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joshua Ricketts | England | 38 years | Mar 2018 | - | Director |
P&L
January 2024turnover
140.5k
+16%
operating profit
7.8k
0%
gross margin
26%
-3.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
357
-1.06%
total assets
36.1k
+0.01%
cash
0
0%
net assets
Total assets minus all liabilities
soar clothing ltd company details
company number
11244791
Type
Private limited with Share Capital
industry
14190 - Manufacture of other wearing apparel and accessories
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
queens buildings central street, bolton, lancs, BL1 2AB
Bank
-
Legal Advisor
-
soar clothing 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 soar clothing ltd.
soar clothing ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
