mallett & son, limited
mallett & son, limited Company Information
Company Number
00116580
Next Accounts
Mar 2025
Shareholders
home hardware southwest ltd
Group Structure
View All
Industry
Retail sale of hardware, paints and glass in specialised stores
+1Registered Address
upcott avenue, pottington business park, barnstaple, devon, EX31 1NZ
mallett & son, limited Estimated Valuation
Pomanda estimates the enterprise value of MALLETT & SON, LIMITED at £1.2m based on a Turnover of £1.9m and 0.6x industry multiple (adjusted for size and gross margin).
mallett & son, limited Estimated Valuation
Pomanda estimates the enterprise value of MALLETT & SON, LIMITED at £0 based on an EBITDA of £-5.6k and a 4.49x industry multiple (adjusted for size and gross margin).
mallett & son, limited Estimated Valuation
Pomanda estimates the enterprise value of MALLETT & SON, LIMITED at £0 based on Net Assets of £-542.9k and 2.44x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mallett & Son, Limited Overview
Mallett & Son, Limited is a live company located in barnstaple, EX31 1NZ with a Companies House number of 00116580. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in June 1911, it's largest shareholder is home hardware southwest ltd with a 100% stake. Mallett & Son, Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mallett & Son, Limited Health Check
Pomanda's financial health check has awarded Mallett & Son, Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£7.3m)
- Mallett & Son, Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.5%)
- Mallett & Son, Limited
8.5% - Industry AVG
Production
with a gross margin of 47.2%, this company has a comparable cost of product (47.2%)
- Mallett & Son, Limited
47.2% - Industry AVG
Profitability
an operating margin of -1% make it less profitable than the average company (2.9%)
- Mallett & Son, Limited
2.9% - Industry AVG
Employees
with 32 employees, this is similar to the industry average (36)
32 - Mallett & Son, Limited
36 - Industry AVG
Pay Structure
on an average salary of £21.6k, the company has an equivalent pay structure (£21.6k)
- Mallett & Son, Limited
£21.6k - Industry AVG
Efficiency
resulting in sales per employee of £60k, this is less efficient (£121.5k)
- Mallett & Son, Limited
£121.5k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (18 days)
- Mallett & Son, Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (40 days)
- Mallett & Son, Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 221 days, this is more than average (62 days)
- Mallett & Son, Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - Mallett & Son, Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 167.8%, this is a higher level of debt than the average (60.6%)
167.8% - Mallett & Son, Limited
60.6% - Industry AVG
MALLETT & SON, LIMITED financials
Mallett & Son, Limited's latest turnover from June 2023 is estimated at £1.9 million and the company has net assets of -£542.9 thousand. According to their latest financial statements, Mallett & Son, Limited has 32 employees and maintains cash reserves of £6.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,650,042 | 2,650,376 | 2,501,301 | 2,522,582 | 2,623,539 | 2,696,720 | 2,785,573 | |||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 1,571,290 | 1,572,404 | 1,481,924 | 1,493,261 | 1,563,530 | 1,571,122 | 1,626,184 | |||||||
| Gross Profit | 1,078,752 | 1,077,972 | 1,019,377 | 1,029,321 | 1,060,009 | 1,125,598 | 1,159,389 | |||||||
| Admin Expenses | 1,127,534 | 1,120,467 | 1,098,036 | 1,109,787 | 1,127,097 | 1,156,454 | 1,187,038 | |||||||
| Operating Profit | -48,782 | -42,495 | -78,659 | -80,466 | -67,088 | -30,856 | -27,649 | |||||||
| Interest Payable | 335 | 233 | 371 | 837 | 1,379 | 980 | 460 | |||||||
| Interest Receivable | 55 | 54 | 79 | 85 | 63 | 83 | 81 | |||||||
| Pre-Tax Profit | -49,002 | -42,614 | -78,891 | -81,158 | -68,344 | -31,693 | -27,968 | |||||||
| Tax | 831 | -6,611 | 2,246 | -2,394 | 2,287 | 4,174 | -7,314 | |||||||
| Profit After Tax | -48,171 | -49,225 | -76,645 | -83,552 | -66,057 | -27,519 | -35,282 | |||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | -48,171 | -49,225 | -76,645 | -83,552 | -66,057 | -27,519 | -35,282 | |||||||
| Employee Costs | 570,337 | 560,758 | 544,381 | 565,604 | 574,148 | 581,408 | 625,166 | |||||||
| Number Of Employees | 32 | 32 | 37 | 38 | 39 | 41 | 42 | 46 | 48 | 46 | 44 | 46 | 47 | 50 |
| EBITDA* | -25,941 | -21,146 | -57,596 | -49,973 | -34,791 | 3,327 | -124 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 91,667 | 99,391 | 115,001 | 128,202 | 143,060 | 164,022 | 175,382 | 185,381 | 169,713 | 147,740 | 141,493 | 159,849 | 182,071 | 177,675 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 1,000 | 1,000 |
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 96,667 | 104,391 | 120,001 | 133,202 | 148,060 | 169,022 | 180,382 | 190,381 | 174,713 | 152,740 | 146,493 | 164,849 | 183,071 | 178,675 |
| Stock & work in progress | 615,969 | 544,745 | 456,616 | 553,446 | 582,643 | 605,769 | 689,354 | 670,290 | 648,339 | 592,596 | 551,900 | 556,724 | 578,657 | 531,112 |
| Trade Debtors | 6,240 | 5,206 | 5,859 | 3,069 | 5,665 | 7,555 | 7,524 | 7,646 | 11,960 | 6,467 | 11,872 | 9,461 | 9,095 | 14,062 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 75,376 | 87,848 | 86,627 | 85,685 | 123,038 | 123,290 | 115,294 | 127,991 | 124,757 | 123,752 | 131,409 | 127,905 | 111,189 | 106,106 |
| Cash | 6,220 | 6,220 | 5,963 | 2,033 | 6,600 | 6,600 | 5,800 | 10,993 | 5,700 | 5,715 | 9,623 | 9,623 | 50,128 | 10,143 |
| misc current assets | ||||||||||||||
| total current assets | 703,805 | 644,019 | 555,065 | 644,233 | 717,946 | 743,214 | 817,972 | 816,920 | 790,756 | 728,530 | 704,804 | 703,713 | 749,069 | 661,423 |
| total assets | 800,472 | 748,410 | 675,066 | 777,435 | 866,006 | 912,236 | 998,354 | 1,007,301 | 965,469 | 881,270 | 851,297 | 868,562 | 932,140 | 840,098 |
| Bank overdraft | 29,455 | 40,634 | 25,835 | 21,358 | 27,391 | 26,176 | 32,205 | 27,666 | 19,418 | 22,671 | 34,542 | |||
| Bank loan | ||||||||||||||
| Trade Creditors | 164,211 | 135,213 | 103,961 | 17,011 | 131,538 | 127,394 | 164,456 | 141,268 | 161,866 | 144,378 | 148,928 | 98,243 | 115,822 | 109,691 |
| Group/Directors Accounts | 1,071,831 | 1,012,079 | 983,862 | 1,130,913 | 957,536 | 860,432 | 737,406 | 679,432 | 554,118 | 441,789 | 530,505 | 481,451 | 526,096 | 415,962 |
| other short term finances | ||||||||||||||
| hp & lease commitments | 5,091 | 6,353 | 5,846 | |||||||||||
| other current liabilities | 60,312 | 62,456 | 50,969 | 73,307 | 42,553 | 44,510 | 52,376 | 58,432 | 44,648 | 55,900 | 84,926 | 102,534 | 64,223 | 74,074 |
| total current liabilities | 1,325,809 | 1,250,382 | 1,164,627 | 1,242,589 | 1,159,018 | 1,058,512 | 986,443 | 879,132 | 788,298 | 661,485 | 792,121 | 723,123 | 711,987 | 599,727 |
| loans | ||||||||||||||
| hp & lease commitments | 5,105 | 11,475 | ||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 17,559 | 18,434 | 15,864 | 17,378 | 20,811 | 23,320 | 22,998 | 23,864 | 24,695 | 18,084 | 20,330 | 17,936 | 20,223 | 24,397 |
| total long term liabilities | 17,559 | 18,434 | 15,864 | 17,378 | 20,811 | 23,320 | 22,998 | 23,864 | 24,695 | 18,084 | 20,330 | 23,041 | 31,698 | 24,397 |
| total liabilities | 1,343,368 | 1,268,816 | 1,180,491 | 1,259,967 | 1,179,829 | 1,081,832 | 1,009,441 | 902,996 | 812,993 | 679,569 | 812,451 | 746,164 | 743,685 | 624,124 |
| net assets | -542,896 | -520,406 | -505,425 | -482,532 | -313,823 | -169,596 | -11,087 | 104,305 | 152,476 | 201,701 | 38,846 | 122,398 | 188,455 | 215,974 |
| total shareholders funds | -542,896 | -520,406 | -505,425 | -482,532 | -313,823 | -169,596 | -11,087 | 104,305 | 152,476 | 201,701 | 38,846 | 122,398 | 188,455 | 215,974 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -48,782 | -42,495 | -78,659 | -80,466 | -67,088 | -30,856 | -27,649 | |||||||
| Depreciation | 13,314 | 16,488 | 14,198 | 21,739 | 24,526 | 26,803 | 25,437 | 22,841 | 21,349 | 21,063 | 30,493 | 32,297 | 34,183 | 27,525 |
| Amortisation | ||||||||||||||
| Tax | 831 | -6,611 | 2,246 | -2,394 | 2,287 | 4,174 | -7,314 | |||||||
| Stock | 71,224 | 88,129 | -96,830 | -29,197 | -23,126 | -83,585 | 19,064 | 21,951 | 55,743 | 40,696 | -4,824 | -21,933 | 47,545 | 531,112 |
| Debtors | -11,438 | 568 | 3,732 | -39,949 | -2,142 | 8,027 | -12,819 | -1,080 | 6,498 | -13,062 | 5,915 | 17,082 | 116 | 120,168 |
| Creditors | 28,998 | 31,252 | 86,950 | -114,527 | 4,144 | -37,062 | 23,188 | -20,598 | 17,488 | -4,550 | 50,685 | -17,579 | 6,131 | 109,691 |
| Accruals and Deferred Income | -2,144 | 11,487 | -22,338 | 30,754 | -1,957 | -7,866 | -6,056 | 13,784 | -11,252 | -29,026 | -17,608 | 38,311 | -9,851 | 74,074 |
| Deferred Taxes & Provisions | -875 | 2,570 | -1,514 | -3,433 | -2,509 | 322 | -866 | -831 | 6,611 | -2,246 | 2,394 | -2,287 | -4,174 | 24,397 |
| Cash flow from operations | -53,626 | -77,151 | -118,806 | -17,987 | -9,208 | -48,054 | -450,556 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | -38,509 | -43,322 | -27,310 | -12,137 | -14,075 | -14,022 | -36,381 | |||||||
| Change in Investments | 4,000 | 1,000 | ||||||||||||
| cash flow from investments | -38,509 | -43,322 | -27,310 | -12,137 | -18,075 | -14,022 | -37,381 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 59,752 | 28,217 | -147,051 | 173,377 | 97,104 | 123,026 | 57,974 | 125,314 | 112,329 | -88,716 | 49,054 | -44,645 | 110,134 | 415,962 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | -5,091 | -6,367 | -5,863 | 17,321 | ||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -280 | -179 | -292 | -752 | -1,316 | -897 | -379 | |||||||
| cash flow from financing | 125,034 | 112,150 | 145,401 | 41,935 | -51,824 | 126,558 | 666,839 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | 257 | 3,930 | -4,567 | 800 | -5,193 | 5,293 | -15 | -3,908 | -40,505 | 39,985 | 10,143 | |||
| overdraft | -11,179 | 14,799 | 4,477 | -6,033 | 1,215 | -6,029 | 32,205 | -27,666 | 8,248 | -3,253 | -11,871 | 34,542 | ||
| change in cash | 11,179 | -14,542 | -547 | 1,466 | -1,215 | 6,829 | -37,398 | 32,959 | -8,263 | -655 | 11,871 | -75,047 | 39,985 | 10,143 |
mallett & son, limited Credit Report and Business Information
Mallett & Son, Limited Competitor Analysis
Perform a competitor analysis for mallett & son, limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in EX31 area or any other competitors across 12 key performance metrics.
mallett & son, limited Ownership
MALLETT & SON, LIMITED group structure
Mallett & Son, Limited has no subsidiary companies.
Ultimate parent company
1 parent
MALLETT & SON, LIMITED
00116580
mallett & son, limited directors
Mallett & Son, Limited currently has 3 directors. The longest serving directors include Mr Martin Elliott (Dec 2004) and Mr Sean Davey (Dec 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Elliott | 63 years | Dec 2004 | - | Director | |
| Mr Sean Davey | 59 years | Dec 2004 | - | Director | |
| Mr David Adams | 75 years | Jan 2005 | - | Director |
P&L
June 2023turnover
1.9m
+11%
operating profit
-18.9k
0%
gross margin
47.2%
-5.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-542.9k
+0.04%
total assets
800.5k
+0.07%
cash
6.2k
0%
net assets
Total assets minus all liabilities
mallett & son, limited company details
company number
00116580
Type
Private limited with Share Capital
industry
47520 - Retail sale of hardware, paints and glass in specialised stores
56102 - Unlicensed restaurants and cafes
incorporation date
June 1911
age
114
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
N/A
accountant
WESTCOTTS (SW) LLP
auditor
-
address
upcott avenue, pottington business park, barnstaple, devon, EX31 1NZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
ASHLORDS
mallett & son, 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 found 5 charges/mortgages relating to mallett & son, limited. Currently there are 1 open charges and 4 have been satisfied in the past.
mallett & son, 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 MALLETT & SON, LIMITED. This can take several minutes, an email will notify you when this has completed.
mallett & son, limited Companies House Filings - See Documents
| date | description | view/download |
|---|
