wightman & parrish limited

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wightman & parrish limited Company Information

Share WIGHTMAN & PARRISH LIMITED

Company Number

00139002

Shareholders

n.b. parrish

j.s. smith

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Group Structure

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Industry

Non-specialised wholesale trade

 

Registered Address

station road industrial estate, hailsham, east sussex, BN27 2QA

wightman & parrish limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of WIGHTMAN & PARRISH LIMITED at £5.9m based on a Turnover of £12.9m and 0.46x industry multiple (adjusted for size and gross margin).

wightman & parrish limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of WIGHTMAN & PARRISH LIMITED at £6.5m based on an EBITDA of £1.1m and a 5.72x industry multiple (adjusted for size and gross margin).

wightman & parrish limited Estimated Valuation

£20.7m

Pomanda estimates the enterprise value of WIGHTMAN & PARRISH LIMITED at £20.7m based on Net Assets of £7.9m and 2.62x industry multiple (adjusted for liquidity).

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Wightman & Parrish Limited Overview

Wightman & Parrish Limited is a live company located in east sussex, BN27 2QA with a Companies House number of 00139002. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in January 1915, it's largest shareholder is n.b. parrish with a 47.5% stake. Wightman & Parrish Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.9m with declining growth in recent years.

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Wightman & Parrish Limited Health Check

Pomanda's financial health check has awarded Wightman & Parrish Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £12.9m, make it smaller than the average company (£16.1m)

£12.9m - Wightman & Parrish Limited

£16.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.3%)

-6% - Wightman & Parrish Limited

6.3% - Industry AVG

production

Production

with a gross margin of 34.5%, this company has a lower cost of product (27.6%)

34.5% - Wightman & Parrish Limited

27.6% - Industry AVG

profitability

Profitability

an operating margin of 7.4% make it more profitable than the average company (5.1%)

7.4% - Wightman & Parrish Limited

5.1% - Industry AVG

employees

Employees

with 53 employees, this is above the industry average (41)

53 - Wightman & Parrish Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.6k, the company has an equivalent pay structure (£44.4k)

£38.6k - Wightman & Parrish Limited

£44.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £242.5k, this is less efficient (£376.3k)

£242.5k - Wightman & Parrish Limited

£376.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is earlier than average (51 days)

36 days - Wightman & Parrish Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is slower than average (31 days)

35 days - Wightman & Parrish Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 53 days, this is less than average (78 days)

53 days - Wightman & Parrish Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 134 weeks, this is more cash available to meet short term requirements (14 weeks)

134 weeks - Wightman & Parrish Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.5%, this is a lower level of debt than the average (47.4%)

19.5% - Wightman & Parrish Limited

47.4% - Industry AVG

WIGHTMAN & PARRISH LIMITED financials

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Wightman & Parrish Limited's latest turnover from December 2023 is £12.9 million and the company has net assets of £7.9 million. According to their latest financial statements, Wightman & Parrish Limited has 53 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover12,850,92811,354,09011,975,18415,492,15810,868,70212,727,26312,782,82712,879,70413,274,74713,911,86614,181,61213,909,74813,083,06312,423,96812,401,470
Other Income Or Grants
Cost Of Sales8,413,2777,164,0928,484,63611,575,5097,297,7078,983,9718,837,5538,847,7458,954,0229,319,0009,506,5329,556,0158,817,5498,102,2028,018,574
Gross Profit4,437,6514,189,9983,490,5483,916,6493,570,9953,743,2923,945,2744,031,9594,320,7254,592,8664,675,0804,353,7334,265,5144,321,7664,382,896
Admin Expenses3,489,3733,168,9213,323,7903,620,0533,083,4333,480,2963,615,9173,825,7154,057,8933,925,5074,332,6234,055,7564,219,8723,813,0693,637,824
Operating Profit948,2781,021,077166,758296,596487,562262,996329,357206,244262,832667,359342,457297,97745,642508,697745,072
Interest Payable1951,9978,76613,83115,04716,2883,334143214
Interest Receivable171,16640,6573,6937,22718,8388,6415,7559,3294,8353,2866,4845,47811,3558,09315,546
Pre-Tax Profit1,119,4441,061,734170,451303,823506,400271,442333,185206,807253,836655,59832,114300,12156,996516,358760,604
Tax-202,995-216,924-38,425-63,843-99,205-61,591-64,663-55,373-92,036-122,158-18,160-78,363181-142,172-215,012
Profit After Tax916,449844,810132,026239,980407,195209,851268,522151,434161,800533,44013,954221,75857,177374,186545,592
Dividends Paid122,500117,50024,50024,50024,50024,50049,00049,00079,00098,00020,000251,000102,000
Retained Profit793,949727,310107,526215,480382,695185,351219,522102,43482,800435,44013,954201,75857,177123,186443,592
Employee Costs2,046,9071,977,1982,252,4102,418,5611,936,2282,184,9082,261,4962,480,7012,541,9212,522,3252,677,5482,595,0952,911,5952,575,5462,453,632
Number Of Employees53547068759190899399117126128120106
EBITDA*1,141,0161,171,667342,143460,618654,215472,674585,651456,252518,629954,083630,673542,309270,621730,365961,622

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,240,4692,210,5662,169,6322,292,1582,169,9522,245,8532,419,0972,506,4292,648,2172,658,5522,752,0622,787,8062,698,2562,512,2292,149,404
Intangible Assets17,50070,0006,49232,45758,422
Investments & Other1111111101101101101101100100100
Debtors (Due After 1 year)
Total Fixed Assets2,240,4702,210,5672,169,6332,292,1592,169,9532,245,8542,419,0982,506,5302,648,3182,676,1532,822,1632,787,9072,704,8482,544,7862,207,926
Stock & work in progress1,232,3391,620,3981,325,4982,302,080920,1191,500,4091,647,0521,439,7421,087,4361,282,6281,315,298952,1891,014,820845,245923,202
Trade Debtors1,283,9011,260,7781,246,7601,821,1691,267,3071,371,3681,968,5031,564,1971,770,1831,805,4361,991,4341,521,7441,505,2261,433,3661,437,545
Group Debtors
Misc Debtors148,295130,170141,269270,268132,74388,171136,832132,38868,319144,417105,671113,368105,052138,632104,987
Cash4,923,4414,087,9923,079,7221,273,0482,806,1051,765,271908,4391,111,3481,503,8751,206,864273,132925,321657,6391,219,5281,387,824
misc current assets
total current assets7,587,9767,099,3385,793,2495,666,5655,126,2744,725,2194,660,8264,247,6754,429,8134,439,3453,685,5353,512,6223,282,7373,636,7713,853,558
total assets9,828,4469,309,9057,962,8827,958,7247,296,2276,971,0737,079,9246,754,2057,078,1317,115,4986,507,6986,300,5295,987,5856,181,5576,061,484
Bank overdraft
Bank loan
Trade Creditors 811,2061,159,409743,905894,780444,380509,690864,274686,7661,069,721973,8341,001,3311,015,3931,132,015893,530994,374
Group/Directors Accounts30,00040,000191,528
other short term finances
hp & lease commitments12,16454,35087,760105,798122,66466,667
other current liabilities1,094,103884,140715,746656,882683,379674,285583,229597,856555,006699,319526,150369,265293,769527,314627,372
total current liabilities1,905,3092,043,5491,459,6511,551,6621,127,7591,183,9751,459,6671,338,9721,712,4871,778,9511,650,1451,481,3251,465,7841,612,3721,621,746
loans
hp & lease commitments14,05755,081152,133123,74097,221
Accruals and Deferred Income
other liabilities
provisions10,31673,98438,16949,52626,41227,73746,24746,68858,50915,1602,1243,70016,92519,336
total long term liabilities10,31673,98438,16949,52626,41227,73746,24760,745113,590167,293123,74099,3453,70016,92519,336
total liabilities1,915,6252,117,5331,497,8201,601,1881,154,1711,211,7121,505,9141,399,7171,826,0771,946,2441,773,8851,580,6701,469,4841,629,2971,641,082
net assets7,912,8217,192,3726,465,0626,357,5366,142,0565,759,3615,574,0105,354,4885,252,0545,169,2544,733,8134,719,8594,518,1014,552,2604,420,402
total shareholders funds7,912,8217,192,3726,465,0626,357,5366,142,0565,759,3615,574,0105,354,4885,252,0545,169,2544,733,8134,719,8594,518,1014,552,2604,420,402
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit948,2781,021,077166,758296,596487,562262,996329,357206,244262,832667,359342,457297,97745,642508,697745,072
Depreciation192,738150,590175,385164,022166,653209,678256,294250,007238,297234,224253,216212,840199,014195,703197,076
Amortisation117,50052,50035,00031,49225,96525,96519,474
Tax-202,995-216,924-38,425-63,843-99,205-61,591-64,663-55,373-92,036-122,158-18,160-78,363181-142,172-215,012
Stock-388,059294,900-976,5821,381,961-580,290-146,643207,310352,306-195,192-32,670363,109-62,631169,575-77,957923,202
Debtors41,2482,919-703,408691,387-59,489-645,796408,750-141,917-111,351-147,252461,99324,83438,28029,4661,542,532
Creditors-348,203415,504-150,875450,400-65,310-354,584177,508-382,95595,887-27,497-14,062-116,622238,485-100,844994,374
Accruals and Deferred Income209,963168,39458,864-26,4979,09491,056-14,62742,850-144,313173,169156,88575,496-233,545-100,058627,372
Deferred Taxes & Provisions-63,66835,815-11,35723,114-1,325-18,510-441-11,82143,34915,160-2,124-1,576-13,225-2,41119,336
Cash flow from operations1,082,9241,276,6371,880,340-1,229,5561,137,248921,48467,368-161,436728,0591,172,679-71,890459,04154,662433,371-78,042
Investing Activities
capital expenditure-40,292-153,435-104,995-205,932-2,648-91,704-118,341-393,044-562,988-347,016
Change in Investments-1001100
cash flow from investments-40,292-153,335-104,995-205,932-2,648-91,704-118,342-393,044-562,988-347,116
Financing Activities
Bank loans
Group/Directors Accounts-30,000-10,000-151,528191,528
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-12,164-56,243-74,434-115,09011,52782,516163,888
other long term liabilities
share issue-73,5001-91,3368,6723,976,810
interest171,16640,6573,6937,22718,8388,4463,758563-8,996-11,761-9,8042,14411,3547,66115,532
cash flow from financing97,66640,6573,6937,22718,838-3,718-52,485-73,871-124,086-23342,712156,032-231,510207,8613,992,342
cash and cash equivalents
cash835,4491,008,2701,806,674-1,533,0571,040,834856,832-202,909-392,527297,011933,732-652,189267,682-561,889-168,2961,387,824
overdraft
change in cash835,4491,008,2701,806,674-1,533,0571,040,834856,832-202,909-392,527297,011933,732-652,189267,682-561,889-168,2961,387,824

wightman & parrish limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Wightman & Parrish Limited Competitor Analysis

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Perform a competitor analysis for wightman & parrish limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in BN27 area or any other competitors across 12 key performance metrics.

wightman & parrish limited Ownership

WIGHTMAN & PARRISH LIMITED group structure

Wightman & Parrish Limited has 1 subsidiary company.

Ultimate parent company

WIGHTMAN & PARRISH LIMITED

00139002

1 subsidiary

WIGHTMAN & PARRISH LIMITED Shareholders

n.b. parrish 47.55%
j.s. smith 33.84%
r.m. parrish 16.92%
p.j. parrish 1.69%

wightman & parrish limited directors

Wightman & Parrish Limited currently has 2 directors. The longest serving directors include Mrs Pamela Parrish (Sep 1991) and Mr Nicholas Parrish (Apr 1995).

officercountryagestartendrole
Mrs Pamela Parrish88 years Sep 1991- Director
Mr Nicholas Parrish60 years Apr 1995- Director

P&L

December 2023

turnover

12.9m

+13%

operating profit

948.3k

-7%

gross margin

34.6%

-6.43%

turnover

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

Balance Sheet

December 2023

net assets

7.9m

+0.1%

total assets

9.8m

+0.06%

cash

4.9m

+0.2%

net assets

Total assets minus all liabilities

wightman & parrish limited company details

company number

00139002

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

January 1915

age

110

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

KNILL JAMES LLP

address

station road industrial estate, hailsham, east sussex, BN27 2QA

Bank

BARCLAYS BANK PLC

Legal Advisor

-

wightman & parrish 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 wightman & parrish limited. Currently there are 2 open charges and 3 have been satisfied in the past.

wightman & parrish 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.

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wightman & parrish limited Companies House Filings - See Documents

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