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Apparel Brands Limited

09774109

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

2ND FLOOR STUDIO 18, MANCHESTER, M1 1FR
Incorporated 11/09/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46420
Wholesale of clothing and footwear

Officers

Mr William Peter Wood

director · Since 15/05/2017

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 4 other boards

Mr Richard Frederick Monaghan

director · Since 29/08/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 9 other boards

Persons with Significant Control

Omp Brandco Ltd

75–100% shares
75–100% votes
Appoint directors

The Exchange, 5 Bank Street, Bury, BL9 0DN

Reg: 10420451 · England · Limited Company

Notified 15/06/2021

Former PSCs

Mr Avtar Singh Grewal

Ceased 21/12/2016

Mr Joel Harry Brown

Ceased 21/12/2016

Mr Amarjit Singh

Ceased 15/06/2021

Mr William Peter Wood

Ceased 15/06/2021

Baker Street Holdings Limited

Ceased 07/08/2023

Garm Bidco Ltd

Ceased 07/08/2023

Charges4 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 07/03/2024Registered 08/03/2024
Charge
outstanding

HSBC UK BANK PLC

Created 17/12/2020Registered 17/12/2020
Charge
satisfied

HSBC UK BANK PLC

Created 19/06/2020Registered 20/06/2020Satisfied 18/03/2026
Charge
outstanding

HSBC UK BANK PLC

Created 25/07/2019Registered 29/07/2019
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 09/07/2019Registered 09/07/2019

CompanyRankvs 876+ SIC 46420 peers
62

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.97× · 16/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going con

Key FinancialsYear ending 29/07/2023

Net Worth

£13.1M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£11.5M

Working capital

Current Assets

£23.4M

Current Liabilities

£11.9M

Fixed Assets

£1.7M

Debtors

£403k

Profit After Tax

£2.8M

52avg. employees+17

Tax at Year End(2022)

Corp tax£882k
Dividends paid£130k

People Costs(2022)

Wages & salaries£1.1M
NI contributions£90k

Balance Sheet

Bank loans & overdrafts£2.1M
Assets less current liabilities£13.2M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20231.97+£2.8M
20222.71+£6.1M
20211.66+£3.0M
20201.75+£575k
20191.16+£357k
20181.14

Derived from filed accounts. Not audited figures.