timbmet group limited

3.5

timbmet group limited Company Information

Share TIMBMET GROUP LIMITED
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Company Number

00375704

Registered Address

hadleigh business park, grindley lane, stoke on trent, ST11 9LW

Industry

Wholesale of wood, construction materials and sanitary equipment

 

Telephone

441865860350

Next Accounts Due

September 2025

Group Structure

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Directors

Darren Barnett7 Years

Christopher Rudd7 Years

Shareholders

hadleigh timber group limited 100%

timbmet group limited Estimated Valuation

£31m

Pomanda estimates the enterprise value of TIMBMET GROUP LIMITED at £31m based on a Turnover of £44.5m and 0.7x industry multiple (adjusted for size and gross margin).

timbmet group limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of TIMBMET GROUP LIMITED at £2.3m based on an EBITDA of £321k and a 7.08x industry multiple (adjusted for size and gross margin).

timbmet group limited Estimated Valuation

£30.8m

Pomanda estimates the enterprise value of TIMBMET GROUP LIMITED at £30.8m based on Net Assets of £15.6m and 1.97x industry multiple (adjusted for liquidity).

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Timbmet Group Limited Overview

Timbmet Group Limited is a live company located in stoke on trent, ST11 9LW with a Companies House number of 00375704. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in August 1942, it's largest shareholder is hadleigh timber group limited with a 100% stake. Timbmet Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £44.5m with low growth in recent years.

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Timbmet Group Limited Health Check

Pomanda's financial health check has awarded Timbmet Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £44.5m, make it larger than the average company (£20.6m)

£44.5m - Timbmet Group Limited

£20.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.9%)

2% - Timbmet Group Limited

8.9% - Industry AVG

production

Production

with a gross margin of 25%, this company has a comparable cost of product (24.6%)

25% - Timbmet Group Limited

24.6% - Industry AVG

profitability

Profitability

an operating margin of -0.9% make it less profitable than the average company (3.8%)

-0.9% - Timbmet Group Limited

3.8% - Industry AVG

employees

Employees

with 115 employees, this is above the industry average (46)

115 - Timbmet Group Limited

46 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.1k, the company has an equivalent pay structure (£41.9k)

£44.1k - Timbmet Group Limited

£41.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £387.3k, this is equally as efficient (£390.4k)

£387.3k - Timbmet Group Limited

£390.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is near the average (43 days)

43 days - Timbmet Group Limited

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (30 days)

18 days - Timbmet Group Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 134 days, this is more than average (59 days)

134 days - Timbmet Group Limited

59 days - Industry AVG

cashbalance

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 - Timbmet Group Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.3%, this is a lower level of debt than the average (49.3%)

41.3% - Timbmet Group Limited

49.3% - Industry AVG

TIMBMET GROUP LIMITED financials

EXPORTms excel logo

Timbmet Group Limited's latest turnover from December 2023 is £44.5 million and the company has net assets of £15.6 million. According to their latest financial statements, Timbmet Group Limited has 115 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover44,544,00058,990,00055,910,00041,497,00051,695,00056,750,00046,289,00077,051,00076,746,00074,669,000076,442,00085,822,00090,087,0000
Other Income Or Grants000000000000000
Cost Of Sales33,410,00043,202,00039,069,00030,875,00038,914,00042,645,00035,148,00059,502,00058,751,00056,928,000059,328,00067,200,00070,148,0000
Gross Profit11,134,00015,788,00016,841,00010,622,00012,781,00014,105,00011,141,00017,549,00017,995,00017,741,000017,114,00018,622,00019,939,0000
Admin Expenses11,531,00011,257,00010,255,0009,812,00011,696,00011,286,0009,788,00020,882,00017,617,00017,413,000-15,00019,812,00025,774,00018,762,0001,354,293
Operating Profit-397,0004,531,0006,586,000810,0001,085,0002,819,0001,353,000-3,333,000378,000328,00015,000-2,698,000-7,152,0001,177,000-1,354,293
Interest Payable1,612,0001,095,000873,000962,0001,430,0001,402,0001,157,0001,918,0001,574,0001,728,0001,0002,049,0002,312,0002,431,00068,063
Interest Receivable1,189,000796,000579,000738,000922,000708,000395,000593,000649,000744,0000876,0001,053,0001,249,00019,641
Pre-Tax Profit-820,0004,232,0006,292,0002,035,000577,0001,771,000591,000-4,658,000-603,000-727,00034,000-3,798,000-8,167,000642,000-723,865
Tax336,000-928,000-96,000-286,000457,00098,0004,401,000-494,000685,000171,000019,00060,00051,000-192,519
Profit After Tax-484,0003,304,0006,196,0001,749,0001,034,0001,869,0004,992,000-5,152,00082,000-556,00034,000-3,779,000-8,107,000693,000-916,384
Dividends Paid000000000016,657,0000000
Retained Profit-484,0003,304,0006,196,0001,749,0001,034,0001,869,0004,992,000-5,152,00082,000-556,000-16,623,000-3,779,000-8,107,000693,000-916,384
Employee Costs5,073,0005,297,0004,928,0004,533,0006,023,0007,132,0005,333,00010,517,00010,537,0009,928,000200,00010,240,00011,274,00011,022,000691,836
Number Of Employees11511611615116920322731130628422933103257
EBITDA*321,0005,122,0006,974,0001,158,0001,411,0003,051,0001,641,000-2,862,000779,000823,00023,000-1,435,000-5,479,0002,924,000-1,348,676

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets4,154,0004,454,0003,574,0003,251,0003,493,0003,651,00011,997,00011,660,00011,427,0003,020,000017,164,00018,329,00026,832,0000
Intangible Assets176,000178,000265,000273,000285,000292,00032,000213,00041,00065,0001,00039,00047,00055,0002,436
Investments & Other000000000240,000652,000292,0001,405,0001,236,0009,631,184
Debtors (Due After 1 year)000005,821,000000000000
Total Fixed Assets4,330,0004,632,0003,839,0003,524,0003,778,0009,764,00012,029,00011,873,00011,468,0003,325,000653,00017,495,00019,781,00028,123,0009,633,620
Stock & work in progress12,266,00014,263,00013,119,0008,778,0008,951,0009,339,00010,911,00011,501,00011,968,00011,801,000011,433,00013,360,00012,878,0000
Trade Debtors5,270,0006,672,0006,424,0006,407,0007,066,0008,697,00010,979,00013,205,00014,955,00013,544,000014,225,00017,002,00020,530,0000
Group Debtors1,881,0001,882,000980,0001,175,0001,557,0001,085,000758,000014,0002,163,00005,579,0002,131,0001,806,0009,514,915
Misc Debtors2,874,0002,617,0003,778,0005,526,0005,839,000679,0004,472,000732,0001,118,000470,000136,000623,000920,000821,000173,655
Cash1,0004,00051,0005,000170,0005,0006,00016,00012,000107,0000134,00075,0002,615,0000
misc current assets000000000000000
total current assets22,292,00025,438,00024,352,00021,891,00023,583,00019,805,00027,126,00025,454,00028,067,00028,085,000136,00031,994,00033,488,00038,650,0009,688,570
total assets26,622,00030,070,00028,191,00025,415,00027,361,00029,569,00039,155,00037,327,00039,535,00031,410,000789,00049,489,00053,269,00066,773,00019,322,190
Bank overdraft0004,523,0006,846,0005,841,0006,714,0003,755,0000524,00000651,000253,0000
Bank loan000000000000000
Trade Creditors 1,649,0002,517,0002,869,0003,031,0003,082,0003,652,0004,408,0006,391,0008,269,0006,704,00007,923,0007,758,0009,150,0000
Group/Directors Accounts0131,0001,685,000312,00037,000434,000517,0004,200,0007,781,000224,000212,00001,282,0001,165,0000
other short term finances000000000000000
hp & lease commitments425,000520,000338,000245,000223,000203,00038,00060,00044,00019,0000164,000462,000730,0000
other current liabilities6,251,0008,325,0007,980,0006,660,0006,922,0008,536,00010,979,00014,067,00013,279,00014,142,000015,188,00012,858,00016,324,0000
total current liabilities8,325,00011,493,00012,872,00014,771,00017,110,00018,666,00022,656,00028,473,00029,373,00021,613,000212,00023,275,00023,011,00027,622,0000
loans000000000000302,0001,521,0000
hp & lease commitments928,0001,148,000572,000386,000537,000700,000106,000133,00080,00025,0000153,000261,000623,0000
Accruals and Deferred Income000000000000000
other liabilities000000000000063,0000
provisions407,000125,000105,000448,000776,0001,746,0001,545,0002,945,000000039,00041,0000
total long term liabilities2,666,0001,698,0002,310,0006,745,0004,222,0007,152,00015,800,00017,032,00013,839,00015,984,000011,495,00010,534,00011,126,0000
total liabilities10,991,00013,191,00015,182,00021,516,00021,332,00025,818,00038,456,00045,505,00043,212,00037,597,000212,00034,770,00033,545,00038,748,0000
net assets15,631,00016,879,00013,009,0003,899,0006,029,0003,751,000699,000-8,178,000-3,677,000-6,187,000577,00014,719,00019,724,00028,025,00019,322,190
total shareholders funds15,631,00016,879,00013,009,0003,899,0006,029,0003,751,000699,000-8,178,000-3,677,000-6,187,000577,00014,719,00019,724,00028,025,00019,322,190
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-397,0004,531,0006,586,000810,0001,085,0002,819,0001,353,000-3,333,000378,000328,00015,000-2,698,000-7,152,0001,177,000-1,354,293
Depreciation716,000587,000380,000336,000313,000223,000278,000456,000374,000487,00001,255,0001,665,0001,739,0005,317
Amortisation2,0004,0008,00012,00013,0009,00010,00015,00027,0008,0008,0008,0008,0008,000300
Tax336,000-928,000-96,000-286,000457,00098,0004,401,000-494,000685,000171,000019,00060,00051,000-192,519
Stock-1,997,0001,144,0004,341,000-173,000-388,000-1,572,000-1,057,000-467,000167,00011,801,000-11,433,000-1,927,000482,00012,878,0000
Debtors-1,146,000-11,000-1,926,000-1,354,000-1,820,00073,000122,000-2,150,000-90,00016,041,000-20,291,000374,000-3,104,00013,468,4309,688,570
Creditors-868,000-352,000-162,000-51,000-570,000-756,000-3,861,000-1,878,0001,565,0006,704,000-7,923,000165,000-1,392,0009,150,0000
Accruals and Deferred Income-2,074,000345,0001,320,000-262,000-1,614,000-2,443,000-2,300,000788,000-863,00014,142,000-15,188,0002,330,000-3,466,00016,324,0000
Deferred Taxes & Provisions282,00020,000-343,000-328,000-970,000201,0001,545,0002,945,000000-39,000-2,00041,0000
Cash flow from operations1,140,0003,074,0005,278,0001,758,000922,0001,650,0002,361,0001,116,0002,089,000-6,002,0008,636,0002,593,000-7,657,0002,143,570-11,229,765
Investing Activities
capital expenditure0000010,853,000-632,000-870,000-8,804,000-68,00017,194,000-90,0006,838,000-28,631,564-8,053
Change in Investments00000000-240,000-412,000360,000-1,113,000169,000-8,395,1849,631,184
cash flow from investments0000010,853,000-632,000-870,000-8,564,000344,00016,834,0001,023,0006,669,000-20,236,380-9,639,237
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-131,000-1,554,0001,373,000275,000-397,000-83,000-7,264,000-3,581,0007,557,00012,000212,000-1,282,000117,0001,165,0000
Other Short Term Loans 000000000000000
Long term loans00000000000-302,000-1,219,0001,521,0000
Hire Purchase and Lease Commitments-315,000758,000279,000-129,000-143,000759,00020,00069,00080,00044,000-317,000-406,000-630,0001,353,0000
other long term liabilities000000000000-63,00063,0000
share issue-764,000566,0002,914,000-3,879,0001,244,0001,183,000-616,000651,0002,428,000-6,208,0002,481,000-1,226,000-194,0008,009,81020,238,574
interest-423,000-299,000-294,000-224,000-508,000-694,000-762,000-1,325,000-925,000-984,000-1,000-1,173,000-1,259,000-1,182,000-48,422
cash flow from financing-1,633,000-529,0004,272,000-3,957,000196,0001,165,000-8,622,000-4,186,0009,140,000-7,136,0002,375,000-4,389,000-3,248,00010,929,81020,190,152
cash and cash equivalents
cash-3,000-47,00046,000-165,000165,000-1,000-6,0004,000-95,000107,000-134,00059,000-2,540,0002,615,0000
overdraft00-4,523,000-2,323,0001,005,000-873,0006,714,0003,755,000-524,000524,0000-651,000398,000253,0000
change in cash-3,000-47,0004,569,0002,158,000-840,000872,000-6,720,000-3,751,000429,000-417,000-134,000710,000-2,938,0002,362,0000

timbmet group 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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Timbmet Group Limited Competitor Analysis

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Perform a competitor analysis for timbmet group limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in ST11 area or any other competitors across 12 key performance metrics.

timbmet group limited Ownership

TIMBMET GROUP LIMITED group structure

Timbmet Group Limited has 3 subsidiary companies.

TIMBMET GROUP LIMITED Shareholders

hadleigh timber group limited 100%

timbmet group limited directors

Timbmet Group Limited currently has 2 directors. The longest serving directors include Mr Darren Barnett (Jan 2017) and Mr Christopher Rudd (Jan 2017).

officercountryagestartendrole
Mr Darren BarnettUnited Kingdom50 years Jan 2017- Director
Mr Christopher RuddUnited Kingdom51 years Jan 2017- Director

P&L

December 2023

turnover

44.5m

-24%

operating profit

-397k

-109%

gross margin

25%

-6.61%

turnover

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

Balance Sheet

December 2023

net assets

15.6m

-0.07%

total assets

26.6m

-0.11%

cash

1k

-0.75%

net assets

Total assets minus all liabilities

timbmet group limited company details

company number

00375704

Type

Private limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

August 1942

age

82

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

timbmet limited (April 1995)

accountant

-

auditor

-

address

hadleigh business park, grindley lane, stoke on trent, ST11 9LW

Bank

HSBC BANK PLC

Legal Advisor

-

timbmet group 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 17 charges/mortgages relating to timbmet group limited. Currently there are 1 open charges and 16 have been satisfied in the past.

charges

timbmet group limited Companies House Filings - See Documents

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