reform clothing limited
reform clothing limited Company Information
Company Number
NI674281
Next Accounts
Aug 2025
Shareholders
mark james dowds
mitchell felix doust
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
Registered Address
c/o a&l goodbody, 42-46 fountain street, belfast, BT1 5EF
Website
-reform clothing limited Estimated Valuation
Pomanda estimates the enterprise value of REFORM CLOTHING LIMITED at £1.7m based on a Turnover of £2.3m and 0.76x industry multiple (adjusted for size and gross margin).
reform clothing limited Estimated Valuation
Pomanda estimates the enterprise value of REFORM CLOTHING LIMITED at £0 based on an EBITDA of £-3m and a 5.18x industry multiple (adjusted for size and gross margin).
reform clothing limited Estimated Valuation
Pomanda estimates the enterprise value of REFORM CLOTHING LIMITED at £3.7m based on Net Assets of £1.7m and 2.25x industry multiple (adjusted for liquidity).
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Reform Clothing Limited Overview
Reform Clothing Limited is a live company located in belfast, BT1 5EF with a Companies House number of NI674281. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 2020, it's largest shareholder is mark james dowds with a 36.1% stake. Reform Clothing Limited is a young, small sized company, Pomanda has estimated its turnover at £2.3m with unknown growth in recent years.
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Reform Clothing Limited Health Check
Pomanda's financial health check has awarded Reform Clothing Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£6.6m)
- Reform Clothing Limited
£6.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Reform Clothing Limited
- - Industry AVG
Production
with a gross margin of 50.5%, this company has a comparable cost of product (50.5%)
- Reform Clothing Limited
50.5% - Industry AVG
Profitability
an operating margin of -134.2% make it less profitable than the average company (3.4%)
- Reform Clothing Limited
3.4% - Industry AVG
Employees
with 32 employees, this is similar to the industry average (40)
32 - Reform Clothing Limited
40 - Industry AVG
Pay Structure
on an average salary of £71.4k, the company has an equivalent pay structure (£71.4k)
- Reform Clothing Limited
£71.4k - Industry AVG
Efficiency
resulting in sales per employee of £71.5k, this is less efficient (£174k)
- Reform Clothing Limited
£174k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (53 days)
- Reform Clothing Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (34 days)
- Reform Clothing Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is more than average (16 days)
- Reform Clothing Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 367 weeks, this is more cash available to meet short term requirements (15 weeks)
367 weeks - Reform Clothing Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69%, this is a similar level of debt than the average (63.5%)
69% - Reform Clothing Limited
63.5% - Industry AVG
REFORM CLOTHING LIMITED financials
Reform Clothing Limited's latest turnover from November 2023 is estimated at £2.3 million and the company has net assets of £1.7 million. According to their latest financial statements, Reform Clothing Limited has 32 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| 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 | 32 | 22 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Tangible Assets | 35,633 | 48,643 | 66,853 |
| Intangible Assets | 2,360 | 2,679 | 2,997 |
| Investments & Other | 3,444,281 | ||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 3,482,274 | 51,322 | 69,850 |
| Stock & work in progress | 115,055 | 326,181 | 224,912 |
| Trade Debtors | 127,063 | 95,655 | |
| Group Debtors | |||
| Misc Debtors | 31,805 | ||
| Cash | 1,599,075 | 1,034,998 | 347,370 |
| misc current assets | |||
| total current assets | 1,841,193 | 1,456,834 | 604,087 |
| total assets | 5,323,467 | 1,508,156 | 673,937 |
| Bank overdraft | 14,384 | 111 | |
| Bank loan | |||
| Trade Creditors | 48,245 | 56,032 | 225,451 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 163,798 | 55,519 | 35,528 |
| total current liabilities | 226,427 | 111,662 | 260,979 |
| loans | 3,443,865 | ||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | 3,443,865 | ||
| total liabilities | 3,670,292 | 111,662 | 260,979 |
| net assets | 1,653,175 | 1,396,494 | 412,958 |
| total shareholders funds | 1,653,175 | 1,396,494 | 412,958 |
| Nov 2023 | Nov 2022 | Nov 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 28,699 | 26,483 | |
| Amortisation | 319 | 318 | |
| Tax | |||
| Stock | -211,126 | 101,269 | 224,912 |
| Debtors | 31,408 | 63,850 | 31,805 |
| Creditors | -7,787 | -169,419 | 225,451 |
| Accruals and Deferred Income | 108,279 | 19,991 | 35,528 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 3,444,281 | ||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | 3,443,865 | ||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 564,077 | 687,628 | 347,370 |
| overdraft | 14,273 | 111 | |
| change in cash | 549,804 | 687,517 | 347,370 |
reform clothing limited Credit Report and Business Information
Reform Clothing Limited Competitor Analysis
Perform a competitor analysis for reform clothing limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in BT1 area or any other competitors across 12 key performance metrics.
reform clothing limited Ownership
REFORM CLOTHING LIMITED group structure
Reform Clothing Limited has no subsidiary companies.
Ultimate parent company
REFORM CLOTHING LIMITED
NI674281
reform clothing limited directors
Reform Clothing Limited currently has 7 directors. The longest serving directors include Mr Mitchell Doust (Nov 2020) and Mr Mark Dowds (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mitchell Doust | Northern Ireland | 40 years | Nov 2020 | - | Director |
| Mr Mark Dowds | United Kingdom | 54 years | Nov 2020 | - | Director |
| Mr Andrew Ducker | 62 years | Dec 2020 | - | Director | |
| Dr Kirsten Dunlop | United Kingdom | 54 years | May 2021 | - | Director |
| Ms Kirsten Dunlop | United Kingdom | 54 years | May 2021 | - | Director |
| Mr Andrew Challis | England | 51 years | Dec 2021 | - | Director |
| Mr Andrew Challis | England | 51 years | Dec 2021 | - | Director |
P&L
November 2023turnover
2.3m
+39%
operating profit
-3.1m
0%
gross margin
50.6%
-2.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
1.7m
+0.18%
total assets
5.3m
+2.53%
cash
1.6m
+0.55%
net assets
Total assets minus all liabilities
Similar Companies
reform clothing limited company details
company number
NI674281
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
November 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
bonumcorpus (no. 54) limited (November 2020)
accountant
-
auditor
-
address
c/o a&l goodbody, 42-46 fountain street, belfast, BT1 5EF
Bank
-
Legal Advisor
-
reform clothing 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 reform clothing limited.
reform clothing 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 REFORM CLOTHING LIMITED. This can take several minutes, an email will notify you when this has completed.
reform clothing limited Companies House Filings - See Documents
| date | description | view/download |
|---|
