j l f manufacturing limited
j l f manufacturing limited Company Information
Company Number
00202885
Next Accounts
Jan 2025
Industry
Manufacture of other fabricated metal products n.e.c.
Shareholders
jl float (holdings) ltd
Group Structure
View All
Contact
Registered Address
the silverworks, 67-71 northwood street, birmingham, west midlands, B3 1TX
Website
www.jlfmanufacturing.comj l f manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of J L F MANUFACTURING LIMITED at £1.7m based on a Turnover of £3.1m and 0.53x industry multiple (adjusted for size and gross margin).
j l f manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of J L F MANUFACTURING LIMITED at £291.3k based on an EBITDA of £73.5k and a 3.96x industry multiple (adjusted for size and gross margin).
j l f manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of J L F MANUFACTURING LIMITED at £1.3m based on Net Assets of £670.6k and 2x industry multiple (adjusted for liquidity).
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J L F Manufacturing Limited Overview
J L F Manufacturing Limited is a dissolved company that was located in birmingham, B3 1TX with a Companies House number of 00202885. It operated in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in January 1925, it's largest shareholder was jl float (holdings) ltd with a 100% stake. The last turnover for J L F Manufacturing Limited was estimated at £3.1m.
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J L F Manufacturing Limited Health Check
Pomanda's financial health check has awarded J L F Manufacturing Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£8.2m)
- J L F Manufacturing Limited
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (2.7%)
- J L F Manufacturing Limited
2.7% - Industry AVG
Production
with a gross margin of 30.4%, this company has a comparable cost of product (30.4%)
- J L F Manufacturing Limited
30.4% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (5.9%)
- J L F Manufacturing Limited
5.9% - Industry AVG
Employees
with 32 employees, this is below the industry average (69)
32 - J L F Manufacturing Limited
69 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£34k)
- J L F Manufacturing Limited
£34k - Industry AVG
Efficiency
resulting in sales per employee of £97.5k, this is less efficient (£118.2k)
- J L F Manufacturing Limited
£118.2k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is near the average (65 days)
- J L F Manufacturing Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (51 days)
- J L F Manufacturing Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 105 days, this is more than average (55 days)
- J L F Manufacturing Limited
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - J L F Manufacturing Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.5%, this is a higher level of debt than the average (51.2%)
65.5% - J L F Manufacturing Limited
51.2% - Industry AVG
J L F MANUFACTURING LIMITED financials
J L F Manufacturing Limited's latest turnover from July 2018 is estimated at £3.1 million and the company has net assets of £670.6 thousand. According to their latest financial statements, J L F Manufacturing Limited has 32 employees and maintains cash reserves of £15.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,356,035 | 4,640,326 | 4,968,007 | 4,713,280 | 4,224,293 | 2,986,952 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 2,404,614 | 3,400,897 | 3,578,133 | 3,499,601 | 3,117,011 | 2,206,004 | ||||
| Gross Profit | 951,421 | 1,239,429 | 1,389,874 | 1,213,679 | 1,107,282 | 780,948 | ||||
| Admin Expenses | 874,351 | 1,068,376 | 1,197,446 | 1,028,983 | 918,002 | 671,820 | ||||
| Operating Profit | 77,070 | 171,053 | 192,428 | 184,696 | 189,280 | 109,128 | ||||
| Interest Payable | 21,908 | 28,603 | 30,337 | 37,661 | 42,259 | 38,105 | ||||
| Interest Receivable | 0 | 0 | 0 | 7 | 0 | 0 | ||||
| Pre-Tax Profit | 55,162 | 142,450 | 162,091 | 147,042 | 147,021 | 71,023 | ||||
| Tax | -6,541 | -28,893 | -33,891 | -31,089 | -25,590 | -19,071 | ||||
| Profit After Tax | 48,621 | 113,557 | 128,200 | 115,953 | 121,431 | 51,952 | ||||
| Dividends Paid | 12,000 | 57,000 | 84,000 | 83,000 | 65,000 | 31,000 | ||||
| Retained Profit | 36,621 | 56,557 | 44,200 | 32,953 | 56,431 | 20,952 | ||||
| Employee Costs | ||||||||||
| Number Of Employees | 32 | 32 | ||||||||
| EBITDA* | 152,717 | 248,937 | 269,307 | 262,240 | 257,217 | 165,411 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 241,026 | 164,909 | 178,069 | 222,739 | 280,024 | 302,601 | 296,289 | 328,173 | 306,582 | 292,350 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 241,026 | 164,909 | 178,069 | 222,739 | 280,024 | 302,601 | 296,289 | 328,173 | 306,582 | 292,350 |
| Stock & work in progress | 625,739 | 590,447 | 480,997 | 550,122 | 535,429 | 600,134 | 513,323 | 609,983 | 613,589 | 507,825 |
| Trade Debtors | 602,328 | 534,672 | 729,445 | 708,049 | 1,044,245 | 1,090,485 | 1,284,553 | 1,011,159 | 789,302 | 681,451 |
| Group Debtors | 0 | 333,070 | 285,347 | 295,367 | 265,780 | 257,030 | 244,767 | 179,041 | 0 | 0 |
| Misc Debtors | 461,380 | 73,034 | 28,925 | 57,233 | 26,213 | 43,236 | 46,926 | 45,855 | 164,717 | 11,900 |
| Cash | 15,544 | 4,685 | 18,395 | 16,640 | 198,931 | 23,724 | 71,681 | 18,408 | 17,897 | 15,527 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,704,991 | 1,535,908 | 1,543,109 | 1,627,411 | 2,070,598 | 2,014,609 | 2,161,250 | 1,864,446 | 1,585,505 | 1,216,703 |
| total assets | 1,946,017 | 1,700,817 | 1,721,178 | 1,850,150 | 2,350,622 | 2,317,210 | 2,457,539 | 2,192,619 | 1,892,087 | 1,509,053 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 438,446 | 366,623 | 420,815 | 448,764 | 613,020 | 795,993 | 757,462 | 677,454 | 593,834 | 903,789 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 35,946 | 38,129 | 16,503 | 0 | 0 |
| hp & lease commitments | 27,901 | 13,142 | 18,344 | 16,628 | 22,762 | 26,356 | 20,235 | 31,074 | 30,222 | 0 |
| other current liabilities | 714,417 | 622,339 | 649,316 | 721,935 | 1,020,661 | 783,736 | 980,123 | 790,408 | 639,365 | 0 |
| total current liabilities | 1,180,764 | 1,002,104 | 1,088,475 | 1,187,327 | 1,656,443 | 1,642,031 | 1,795,949 | 1,515,439 | 1,263,421 | 903,789 |
| loans | 0 | 0 | 0 | 0 | 73,327 | 110,704 | 141,262 | 179,391 | 0 | 0 |
| hp & lease commitments | 73,158 | 25,020 | 3,996 | 22,340 | 38,968 | 38,148 | 31,201 | 40,615 | 29,359 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 13,042 | 85,428 | 53,450 | 53,450 | 63,450 | 63,450 | 259,014 | 297,923 |
| provisions | 21,500 | 21,500 | 23,000 | 30,000 | 40,000 | 41,000 | 38,000 | 39,000 | 42,000 | 30,000 |
| total long term liabilities | 94,658 | 46,520 | 40,038 | 137,768 | 205,745 | 243,302 | 273,913 | 322,456 | 330,373 | 327,923 |
| total liabilities | 1,275,422 | 1,048,624 | 1,128,513 | 1,325,095 | 1,862,188 | 1,885,333 | 2,069,862 | 1,837,895 | 1,593,794 | 1,231,712 |
| net assets | 670,595 | 652,193 | 592,665 | 525,055 | 488,434 | 431,877 | 387,677 | 354,724 | 298,293 | 277,341 |
| total shareholders funds | 670,595 | 652,193 | 592,665 | 525,055 | 488,434 | 431,877 | 387,677 | 354,724 | 298,293 | 277,341 |
| Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 77,070 | 171,053 | 192,428 | 184,696 | 189,280 | 109,128 | ||||
| Depreciation | 50,871 | 51,346 | 64,080 | 75,647 | 77,884 | 76,879 | 77,544 | 67,937 | 56,283 | 51,631 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -6,541 | -28,893 | -33,891 | -31,089 | -25,590 | -19,071 | ||||
| Stock | 35,292 | 109,450 | -69,125 | 14,693 | -64,705 | 86,811 | -96,660 | -3,606 | 105,764 | 507,825 |
| Debtors | 122,932 | -102,941 | -16,932 | -275,589 | -54,513 | -185,495 | 340,191 | 282,036 | 260,668 | 693,351 |
| Creditors | 71,823 | -54,192 | -27,949 | -164,256 | -182,973 | 38,531 | 80,008 | 83,620 | -309,955 | 903,789 |
| Accruals and Deferred Income | 92,078 | -26,977 | -72,619 | -298,726 | 236,925 | -196,387 | 189,715 | 151,043 | 639,365 | 0 |
| Deferred Taxes & Provisions | 0 | -1,500 | -7,000 | -10,000 | -1,000 | 3,000 | -1,000 | -3,000 | 12,000 | 30,000 |
| Cash flow from operations | -65,910 | 392,214 | 179,244 | 256,343 | 184,860 | 121,318 | ||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -35,946 | -2,183 | 21,626 | 16,503 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -73,327 | -37,377 | -30,558 | -38,129 | 179,391 | 0 | 0 |
| Hire Purchase and Lease Commitments | 62,897 | 15,822 | -16,628 | -22,762 | -2,774 | 13,068 | -20,253 | 12,108 | 59,581 | 0 |
| other long term liabilities | 0 | -13,042 | -72,386 | 31,978 | 0 | -10,000 | 0 | -195,564 | -38,909 | 297,923 |
| share issue | ||||||||||
| interest | -21,908 | -28,603 | -30,337 | -37,654 | -42,259 | -38,105 | ||||
| cash flow from financing | -86,019 | -104,700 | -60,010 | -74,410 | -29,821 | -17,433 | ||||
| cash and cash equivalents | ||||||||||
| cash | 10,859 | -13,710 | 1,755 | -182,291 | 175,207 | -47,957 | 53,273 | 511 | 2,370 | 15,527 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 10,859 | -13,710 | 1,755 | -182,291 | 175,207 | -47,957 | 53,273 | 511 | 2,370 | 15,527 |
j l f manufacturing limited Credit Report and Business Information
J L F Manufacturing Limited Competitor Analysis
Perform a competitor analysis for j l f manufacturing limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.
j l f manufacturing limited Ownership
J L F MANUFACTURING LIMITED group structure
J L F Manufacturing Limited has no subsidiary companies.
Ultimate parent company
1 parent
J L F MANUFACTURING LIMITED
00202885
j l f manufacturing limited directors
J L F Manufacturing Limited currently has 3 directors. The longest serving directors include Mr David Bailey (Dec 1991) and Mr Malcolm Hallewell (Sep 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Bailey | 78 years | Dec 1991 | - | Director | |
| Mr Malcolm Hallewell | United Kingdom | 64 years | Sep 1998 | - | Director |
| Mr Richard Bailey | England | 47 years | Aug 2004 | - | Director |
P&L
July 2018turnover
3.1m
+10%
operating profit
22.7k
0%
gross margin
30.4%
-1.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2018net assets
670.6k
+0.03%
total assets
1.9m
+0.14%
cash
15.5k
+2.32%
net assets
Total assets minus all liabilities
j l f manufacturing limited company details
company number
00202885
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
January 1925
age
100
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2018
previous names
j.l.float limited (May 2017)
accountant
HASLEHURSTS LIMITED
auditor
-
address
the silverworks, 67-71 northwood street, birmingham, west midlands, B3 1TX
Bank
BARCLAYS BANK PLC
Legal Advisor
-
j l f manufacturing 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 j l f manufacturing limited. Currently there are 2 open charges and 3 have been satisfied in the past.
j l f manufacturing 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 J L F MANUFACTURING LIMITED. This can take several minutes, an email will notify you when this has completed.
j l f manufacturing limited Companies House Filings - See Documents
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