furlong mills ltd
furlong mills ltd Company Information
Company Number
00057091
Website
www.furlongmills.co.ukRegistered Address
no.1 marlborough way, tunstall, stoke-on-trent, staffordshire, ST6 5NZ
Industry
Manufacture of other ceramic products
Telephone
01782838428
Next Accounts Due
33 days late
Group Structure
View All
Shareholders
churchill china plc 100%
furlong mills ltd Estimated Valuation
Pomanda estimates the enterprise value of FURLONG MILLS LTD at £10.2m based on a Turnover of £13.5m and 0.76x industry multiple (adjusted for size and gross margin).
furlong mills ltd Estimated Valuation
Pomanda estimates the enterprise value of FURLONG MILLS LTD at £7.6m based on an EBITDA of £1.9m and a 3.95x industry multiple (adjusted for size and gross margin).
furlong mills ltd Estimated Valuation
Pomanda estimates the enterprise value of FURLONG MILLS LTD at £14.3m based on Net Assets of £5.8m and 2.47x industry multiple (adjusted for liquidity).
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Furlong Mills Ltd Overview
Furlong Mills Ltd is a live company located in stoke-on-trent, ST6 5NZ with a Companies House number of 00057091. It operates in the manufacture of other ceramic products n.e.c. sector, SIC Code 23490. Founded in April 1898, it's largest shareholder is churchill china plc with a 100% stake. Furlong Mills Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £13.5m with healthy growth in recent years.
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Furlong Mills Ltd Health Check
Pomanda's financial health check has awarded Furlong Mills Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £13.5m, make it in line with the average company (£13m)
£13.5m - Furlong Mills Ltd
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (1.8%)
12% - Furlong Mills Ltd
1.8% - Industry AVG
Production
with a gross margin of 25.8%, this company has a comparable cost of product (28.5%)
25.8% - Furlong Mills Ltd
28.5% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (2%)
10.3% - Furlong Mills Ltd
2% - Industry AVG
Employees
with 58 employees, this is below the industry average (85)
58 - Furlong Mills Ltd
85 - Industry AVG
Pay Structure
on an average salary of £33.7k, the company has an equivalent pay structure (£34.5k)
£33.7k - Furlong Mills Ltd
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £232.8k, this is more efficient (£129.7k)
£232.8k - Furlong Mills Ltd
£129.7k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is earlier than average (43 days)
28 days - Furlong Mills Ltd
43 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is quicker than average (46 days)
39 days - Furlong Mills Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 129 days, this is more than average (98 days)
129 days - Furlong Mills Ltd
98 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (6 weeks)
31 weeks - Furlong Mills Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.3%, this is a similar level of debt than the average (38%)
38.3% - Furlong Mills Ltd
38% - Industry AVG
FURLONG MILLS LTD financials
Furlong Mills Ltd's latest turnover from December 2022 is £13.5 million and the company has net assets of £5.8 million. According to their latest financial statements, Furlong Mills Ltd has 58 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,499,953 | 8,772,958 | 5,452,608 | 9,709,783 | 9,572,287 | 8,630,594 | 8,236,809 | 8,151,718 | 7,481,817 | 6,764,103 | 6,512,151 | 6,468,356 | 6,087,825 | 5,343,181 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 8,046,537 | 7,247,750 | 6,860,783 | 6,803,463 | 6,295,886 | 5,710,068 | 5,527,362 | 5,444,851 | 5,103,597 | 4,667,827 | ||||
| Gross Profit | 1,525,750 | 1,382,844 | 1,376,026 | 1,348,255 | 1,185,931 | 1,054,035 | 984,789 | 1,023,505 | 984,228 | 675,354 | ||||
| Admin Expenses | 1,009,471 | 878,749 | 850,442 | 853,884 | 718,888 | 704,341 | 711,406 | 672,663 | 670,159 | 2,393,563 | ||||
| Operating Profit | 1,384,120 | 499,889 | -265,080 | 133,850 | 516,279 | 504,095 | 525,584 | 494,371 | 467,043 | 349,694 | 273,383 | 350,842 | 314,069 | -1,718,209 |
| Interest Payable | 11,302 | 8,888 | 13,586 | 752 | 50 | 43 | 299 | 325 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 6,138 | 133 | 3 | 17 | 88 | 18 | 889 | 1,890 | 2,055 | 2,275 | 1,103 | 1,416 | 1,333 | 1,299 |
| Pre-Tax Profit | 1,378,956 | 491,134 | -278,663 | 133,115 | 516,317 | 504,070 | 526,174 | 495,936 | 469,098 | 351,969 | 274,486 | 352,258 | 315,402 | -1,716,910 |
| Tax | -303,401 | -164,067 | -30,172 | -24,494 | -85,516 | -74,858 | -93,902 | -100,140 | -74,461 | -35,038 | -47,257 | -56,417 | -58,765 | 258,746 |
| Profit After Tax | 1,075,555 | 327,067 | -308,835 | 108,621 | 430,801 | 429,212 | 432,272 | 395,796 | 394,637 | 316,931 | 227,229 | 295,841 | 256,637 | -1,458,164 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,075,555 | 327,067 | -308,835 | 108,621 | 430,801 | 429,212 | 432,272 | 395,796 | 394,637 | 316,931 | 227,229 | 295,841 | 256,637 | -1,458,164 |
| Employee Costs | 1,953,047 | 1,343,007 | 1,061,426 | 1,508,215 | 1,523,259 | 1,380,784 | 1,345,845 | 1,336,571 | 1,136,744 | 1,060,711 | 938,543 | 871,940 | 802,883 | 730,842 |
| Number Of Employees | 58 | 51 | 54 | 53 | 49 | 52 | 43 | 43 | 39 | 39 | 38 | 31 | ||
| EBITDA* | 1,914,301 | 1,000,684 | 235,715 | 772,830 | 730,005 | 710,749 | 700,792 | 645,777 | 585,307 | 478,226 | 458,290 | 535,295 | 503,255 | -1,489,993 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,788,821 | 2,662,983 | 3,011,891 | 3,142,559 | 3,158,304 | 2,886,484 | 2,858,533 | 2,600,199 | 1,686,661 | 1,682,027 | 1,624,080 | 1,672,864 | 1,531,570 | 1,650,547 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,788,821 | 2,662,983 | 3,011,891 | 3,142,559 | 3,158,304 | 2,886,484 | 2,858,533 | 2,600,199 | 1,686,661 | 1,682,027 | 1,624,080 | 1,672,864 | 1,531,570 | 1,650,547 |
| Stock & work in progress | 3,566,480 | 1,484,739 | 862,934 | 1,250,053 | 1,304,132 | 1,125,825 | 1,112,018 | 1,101,205 | 1,047,939 | 817,986 | 888,564 | 1,064,019 | 688,402 | 507,248 |
| Trade Debtors | 1,037,120 | 753,687 | 650,076 | 979,330 | 733,200 | 607,070 | 1,093,523 | 1,129,009 | 1,308,741 | 1,108,046 | 838,146 | 735,986 | 1,096,820 | 605,773 |
| Group Debtors | 0 | 0 | 0 | 295,208 | 709,594 | 609,459 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 55,251 | 20,480 | 78,045 | 151,052 | 158,172 | 72,166 | 127,374 | 122,112 | 104,081 | 72,796 | 74,493 | 130,222 | 302,170 | 69,149 |
| Cash | 1,956,870 | 1,578,085 | 864,506 | 321,737 | 719,842 | 1,497,758 | 1,227,619 | 1,659,232 | 1,947,202 | 1,583,897 | 1,447,914 | 676,765 | 688,310 | 831,076 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,615,721 | 3,836,991 | 2,455,561 | 2,997,380 | 3,624,940 | 3,912,278 | 3,560,534 | 4,011,558 | 4,407,963 | 3,582,725 | 3,249,117 | 2,606,992 | 2,775,702 | 2,013,246 |
| total assets | 9,404,542 | 6,499,974 | 5,467,452 | 6,139,939 | 6,783,244 | 6,798,762 | 6,419,067 | 6,611,757 | 6,094,624 | 5,264,752 | 4,873,197 | 4,279,856 | 4,307,272 | 3,663,793 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,088,404 | 675,673 | 389,008 | 737,774 | 794,355 | 786,044 | 1,454,611 | 1,310,599 | 1,254,604 | 882,399 | 818,257 | 504,141 | 793,205 | 502,356 |
| Group/Directors Accounts | 1,042,880 | 0 | 0 | 111,521 | 424,265 | 531,512 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 54,818 | 40,483 | 41,833 | 10,618 | 0 | 0 | 0 | 1,636 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,040,527 | 776,230 | 401,817 | 350,579 | 544,770 | 450,201 | 384,588 | 354,352 | 403,733 | 340,703 | 330,221 | 278,225 | 312,418 | 216,425 |
| total current liabilities | 3,226,629 | 1,492,386 | 832,658 | 1,210,492 | 1,763,390 | 1,767,757 | 1,839,199 | 1,666,587 | 1,658,337 | 1,223,102 | 1,148,478 | 782,366 | 1,105,623 | 718,781 |
| loans | 0 | 95,396 | 101,942 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 63,468 | 47,698 | 50,971 | 46,867 | 0 | 0 | 0 | 3,913 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2,172 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 311,000 | 464,000 | 366,000 | 172,922 | 205,192 | 174,726 | 150,629 | 109,174 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 374,468 | 279,698 | 233,971 | 219,789 | 205,192 | 174,726 | 152,801 | 113,087 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,601,097 | 1,772,084 | 1,066,629 | 1,430,281 | 1,968,582 | 1,942,483 | 1,992,000 | 1,779,674 | 1,658,337 | 1,223,102 | 1,148,478 | 782,366 | 1,105,623 | 718,781 |
| net assets | 5,803,445 | 4,727,890 | 4,400,823 | 4,709,658 | 4,814,662 | 4,856,279 | 4,427,067 | 4,832,083 | 4,436,287 | 4,041,650 | 3,724,719 | 3,497,490 | 3,201,649 | 2,945,012 |
| total shareholders funds | 5,803,445 | 4,727,890 | 4,400,823 | 4,709,658 | 4,814,662 | 4,856,279 | 4,427,067 | 4,832,083 | 4,436,287 | 4,041,650 | 3,724,719 | 3,497,490 | 3,201,649 | 2,945,012 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,384,120 | 499,889 | -265,080 | 133,850 | 516,279 | 504,095 | 525,584 | 494,371 | 467,043 | 349,694 | 273,383 | 350,842 | 314,069 | -1,718,209 |
| Depreciation | 530,181 | 500,795 | 500,795 | 638,980 | 213,726 | 206,654 | 175,208 | 151,406 | 118,264 | 128,532 | 184,907 | 184,453 | 189,186 | 228,216 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -303,401 | -164,067 | -30,172 | -24,494 | -85,516 | -74,858 | -93,902 | -100,140 | -74,461 | -35,038 | -47,257 | -56,417 | -58,765 | 258,746 |
| Stock | 2,081,741 | 621,805 | -387,119 | -54,079 | 178,307 | 13,807 | 10,813 | 53,266 | 229,953 | -70,578 | -175,455 | 375,617 | 181,154 | 507,248 |
| Debtors | 318,204 | 46,046 | -697,469 | -175,376 | 312,271 | 67,798 | -30,224 | -161,701 | 231,980 | 268,203 | 46,431 | -532,782 | 724,068 | 674,922 |
| Creditors | 412,731 | 286,665 | -348,766 | -56,581 | 8,311 | -668,567 | 144,012 | 55,995 | 372,205 | 64,142 | 314,116 | -289,064 | 290,849 | 502,356 |
| Accruals and Deferred Income | 264,297 | 374,413 | 51,238 | -194,191 | 94,569 | 65,613 | 30,236 | -49,381 | 63,030 | 10,482 | 51,996 | -34,193 | 95,993 | 216,425 |
| Deferred Taxes & Provisions | -153,000 | 98,000 | 193,078 | -32,270 | 30,466 | 24,097 | 41,455 | 109,174 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -265,017 | 927,844 | 1,185,681 | 694,749 | 287,257 | -24,571 | 842,004 | 769,860 | 484,148 | 320,187 | 906,169 | 312,786 | -73,890 | -1,694,636 |
| Investing Activities | ||||||||||||||
| capital expenditure | -486,435 | -233,355 | -433,542 | -1,064,944 | -122,898 | -186,458 | -136,123 | -327,954 | -70,209 | -9,375 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -486,435 | -233,355 | -433,542 | -1,064,944 | -122,898 | -186,458 | -136,123 | -327,954 | -70,209 | -9,375 | ||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,042,880 | 0 | -111,521 | -312,744 | -107,247 | 531,512 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -95,396 | -6,546 | 101,942 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 30,105 | -4,623 | 35,319 | 57,485 | 0 | 0 | -5,549 | 5,549 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -2,172 | 2,172 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -5,164 | -8,755 | -13,583 | -735 | 38 | -25 | 590 | 1,565 | 2,055 | 2,275 | 1,103 | 1,416 | 1,333 | 1,299 |
| cash flow from financing | 972,425 | -19,924 | 12,157 | -469,619 | -579,627 | 529,315 | -840,075 | 7,114 | 2,055 | 2,275 | 1,103 | 1,416 | 1,333 | 4,404,475 |
| cash and cash equivalents | ||||||||||||||
| cash | 378,785 | 713,579 | 542,769 | -398,105 | -777,916 | 270,139 | -431,613 | -287,970 | 363,305 | 135,983 | 771,149 | -11,545 | -142,766 | 831,076 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 378,785 | 713,579 | 542,769 | -398,105 | -777,916 | 270,139 | -431,613 | -287,970 | 363,305 | 135,983 | 771,149 | -11,545 | -142,766 | 831,076 |
furlong mills ltd Credit Report and Business Information
Furlong Mills Ltd Competitor Analysis
Perform a competitor analysis for furlong mills ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in ST6 area or any other competitors across 12 key performance metrics.
furlong mills ltd Ownership
FURLONG MILLS LTD group structure
Furlong Mills Ltd has no subsidiary companies.
furlong mills ltd directors
Furlong Mills Ltd currently has 6 directors. The longest serving directors include Mr David O'Connor (Nov 2019) and Mr David O'Connor (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David O'Connor | United Kingdom | 68 years | Nov 2019 | - | Director |
| Mr David O'Connor | United Kingdom | 68 years | Nov 2019 | - | Director |
| Mr James Roper | United Kingdom | 48 years | Nov 2019 | - | Director |
| Mr Stephen Brown | United Kingdom | 57 years | Nov 2019 | - | Director |
| Mr Marc Sinclair | 37 years | Mar 2023 | - | Director | |
| Mr Michael Cunningham | 53 years | Jun 2023 | - | Director |
P&L
December 2022turnover
13.5m
+54%
operating profit
1.4m
+177%
gross margin
25.8%
+26.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.8m
+0.23%
total assets
9.4m
+0.45%
cash
2m
+0.24%
net assets
Total assets minus all liabilities
furlong mills ltd company details
company number
00057091
Type
Private limited with Share Capital
industry
23490 - Manufacture of other ceramic products
incorporation date
April 1898
age
126
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
furlong mills company limited(the) (December 2000)
accountant
-
auditor
-
address
no.1 marlborough way, tunstall, stoke-on-trent, staffordshire, ST6 5NZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
ADDLESHAW GODDARD LLP
furlong mills 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 found 5 charges/mortgages relating to furlong mills ltd. Currently there are 5 open charges and 0 have been satisfied in the past.
furlong mills ltd Companies House Filings - See Documents
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