Downtex Ltd

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downtex ltd Company Information

Live

YoungSmallDeclining

Company Number

SC512749

Website

Registered Address

22 coburg street, glasgow, G5 9JF

Industry

Retail sale of textiles in specialised stores

Telephone

01204373344

Next Accounts Due

16 days late

Group Structure

View All

Directors

Mohammed Ishtiaq8 Years

Shareholders

mohamiviad ishtiaq 100%

downtex ltd Estimated Valuation

£320.8k

Pomanda estimates the enterprise value of DOWNTEX LTD at £320.8k based on Net Assets of £82.1k and 3.91x industry multiple (adjusted for liquidity).

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Downtex Ltd is a live company located in glasgow, G5 9JF with a Companies House number of SC512749. It operates in the retail sale of textiles in specialised stores sector, SIC Code 47510. Founded in August 2015, it's largest shareholder is mohamiviad ishtiaq with a 100% stake. Downtex Ltd is a young, small sized company, Pomanda has estimated its turnover at £513.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Downtex Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £513.8k, make it in line with the average company (£440.1k)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.8%)

EXPORT

Downtex Ltd's latest turnover from August 2022 is estimated at £513.8 thousand and the company has net assets of £82.1 thousand. According to their latest financial statements, Downtex Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Turnover	513,826	571,695	527,033	545,648	462,642	432,855	13,759
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	345,305	436,468	371,566	390,590	316,464	279,133	8,881
Gross Profit	168,522	135,227	155,467	155,059	146,178	153,722	4,877
Admin Expenses	198,981	118,584	99,937	164,242	132,537	107,903	-14,054
Operating Profit	-30,459	16,643	55,530	-9,183	13,641	45,819	18,931
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	9	9
Pre-Tax Profit	-30,459	16,643	55,530	-9,183	13,641	45,827	18,940
Tax	0	-3,162	-10,551	0	-2,592	-8,707	-3,788
Profit After Tax	-30,459	13,481	44,979	-9,183	11,049	37,120	15,152
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-30,459	13,481	44,979	-9,183	11,049	37,120	15,152
Employee Costs	64,747	74,765	60,456	86,813	51,469	78,456	17,500
Number Of Employees	3	4	4	5	3	4	1
EBITDA*	-30,459	16,643	55,530	-9,183	13,641	45,819	19,867

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Tangible Assets	18,703	22,401	26,099	29,797	17,276	9,334	8,429
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	18,703	22,401	26,099	29,797	17,276	9,334	8,429
Stock & work in progress	0	0	0	0	0	0	18,895
Trade Debtors	223,081	203,852	259,041	215,646	145,561	140,163	332
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	623	0	0	0	0	0	0
Cash	0	0	0	0	0	0	6,842
misc current assets	0	0	0	0	0	0	0
total current assets	223,704	203,852	259,041	215,646	145,561	140,163	26,069
total assets	242,407	226,253	285,140	245,443	162,837	149,497	34,498
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	157,738	103,755	176,123	181,405	89,616	87,325	9,346
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	157,738	103,755	176,123	181,405	89,616	87,325	9,346
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	2,530	0	0	0	0	0	0
other liabilities	0	9,900	9,900	9,900	9,900	9,900	9,900
provisions	0	0	0	0	0	0	0
total long term liabilities	2,530	9,900	9,900	9,900	9,900	9,900	9,900
total liabilities	160,268	113,655	186,023	191,305	99,516	97,225	19,246
net assets	82,139	112,598	99,117	54,138	63,321	52,272	15,252
total shareholders funds	82,139	112,598	99,117	54,138	63,321	52,272	15,252

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016
Operating Activities
Operating Profit	-30,459	16,643	55,530	-9,183	13,641	45,819	18,931
Depreciation	0	0	0	0	0	0	936
Amortisation	0	0	0	0	0	0	0
Tax	0	-3,162	-10,551	0	-2,592	-8,707	-3,788
Stock	0	0	0	0	0	-18,895	18,895
Debtors	19,852	-55,189	43,395	70,085	5,398	139,831	332
Creditors	53,983	-72,368	-5,282	91,789	2,291	77,979	9,346
Accruals and Deferred Income	2,530	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	6,202	-3,698	-3,698	12,521	7,942	-5,845	6,198
Investing Activities
capital expenditure	3,698	3,698	3,698	-12,521	-7,942	-905	-9,365
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	3,698	3,698	3,698	-12,521	-7,942	-905	-9,365
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	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	-9,900	0	0	0	0	0	9,900
share issue	0	0	0	0	0	-100	100
interest	0	0	0	0	0	9	9
cash flow from financing	-9,900	0	0	0	0	-91	10,009
cash and cash equivalents
cash	0	0	0	0	0	-6,842	6,842
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-6,842	6,842

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DOWNTEX LTD group structure

Downtex Ltd has no subsidiary companies.

Ultimate parent company

DOWNTEX LTD

SC512749

DOWNTEX LTD Shareholders

mohamiviad ishtiaq

100%

Downtex Ltd currently has 1 director, Mr Mohammed Ishtiaq serving since Aug 2015.

officer	country	age	start	end	role
Mr Mohammed Ishtiaq	Scotland	74 years	Aug 2015	-	Director

P&L

August 2022

turnover

513.8k

-10%

operating profit

-30.5k

gross margin

32.8%

+38.66%

turnover

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

Balance Sheet

August 2022

net assets

82.1k

-0.27%

total assets

242.4k

+0.07%

cash

net assets

Total assets minus all liabilities

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company number

SC512749

Type

Private limited with Share Capital

industry

47510 - Retail sale of textiles in specialised stores

incorporation date

August 2015

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

22 coburg street, glasgow, G5 9JF

last accounts submitted

August 2022

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 downtex ltd.

downtex ltd Company Information

downtex ltd Estimated Valuation

downtex ltd Estimated Valuation

downtex ltd Estimated Valuation

Downtex Ltd Overview

Downtex Ltd Health Check

DOWNTEX LTD financials

downtex ltd Credit Report and Business Information

Downtex Ltd Competitor Analysis

downtex ltd Ownership

downtex ltd directors

downtex ltd company details

downtex ltd Charges & Mortgages

downtex ltd Companies House Filings - See Documents