Savanna Rags International Limited
Registered name: SAVANNA RAGS INTERNATIONAL LIMITED
Savanna Rags International Limited made £3.6m revenue and a £25.1k loss in the year to 30 Sep 2024. read from filing text
Savanna Rags International Limited’s revenue fell 67% to £3.6m in the year to 30 Sep 2024, with a loss of £25.1k and 38 employees. The company is classified under “wholesale of clothing and footwear” and is based in London; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- London, London
- Age
- 32 yrs · since 1994
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The ultimate parent undertaking is Mr A Suleman by virtue of their share ownership.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £16.6m | £11m | £3.6m |
| Cost of sales | £12.6m | £8m | £2.6m |
| Gross profit | £4m | £2.9m | £1m |
| Operating profit | £514k | −£727k | −£263k |
| Profit before tax | £464k | −£538k | £57.5k |
| Profit after tax | £359k | −£319k | −£25.1k |
| Profit (best available) | £359k | −£319k | −£25.1k |
| Staff costs | £5.2m | £3.1m | £1.2m |
| Employees (average) | 192 | 131 | 38 |
| Ratios | |||
| Profit margin | 2.2% | −2.9% | −0.7% |
| Gross margin | 24.2% | 26.8% | 28.9% |
| Revenue per employee | £86.4k | £83.8k | £95.4k |
| Profit per employee | £1.9k | −£2.4k | −£661 |
| Cash conversion | 11.3% | — | — |
| Growth (year on year) | |||
| Revenue growth | — | ▼33.9% | ▼67% |
| Profit growth | — | ▼188.8% | — |
| Headcount growth | — | ▼31.8% | ▼71% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £4.3m | £4.8m | £3.9m |
| Net assets | £6.5m | £6.2m | £6.2m |
| Fixed assets | £565k | £284k | £280k |
| Current assets | £8m | £8.2m | £7m |
| Debtors | £1.1m | £494k | £306k |
| Deferred income | £35.7k | £30.6k | £20.2k |
| Cash from operations | £58.1k | — | — |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- −0.7%
- Profit ÷ revenue.
- Gross margin
- 28.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £95.4k
- Revenue ÷ average employees.
- Profit per employee
- −£661
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼0%
- Now £6.2m
- Cash at bank
- ▼18%
- Now £3.9m
- Headcount
- ▼71%
- Now 38
- Deferred income
- ▼34%
- Now £20.2k
- Fixed assets
- ▼1%
- Now £280k
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- Profit
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit −£25.1k), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.