notcutts limited

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notcutts limited Company Information

Share NOTCUTTS LIMITED

Company Number

00393104

Shareholders

notcutts group ltd

Group Structure

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Industry

Other retail sale in non-specialised stores

 

Registered Address

the nursery,, cumberland street,, woodbridge,, suffolk, IP12 4AF

notcutts limited Estimated Valuation

£76.8m

Pomanda estimates the enterprise value of NOTCUTTS LIMITED at £76.8m based on a Turnover of £78.6m and 0.98x industry multiple (adjusted for size and gross margin).

notcutts limited Estimated Valuation

£64.5m

Pomanda estimates the enterprise value of NOTCUTTS LIMITED at £64.5m based on an EBITDA of £6.9m and a 9.41x industry multiple (adjusted for size and gross margin).

notcutts limited Estimated Valuation

£143.1m

Pomanda estimates the enterprise value of NOTCUTTS LIMITED at £143.1m based on Net Assets of £47.3m and 3.02x industry multiple (adjusted for liquidity).

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Notcutts Limited Overview

Notcutts Limited is a live company located in woodbridge,, IP12 4AF with a Companies House number of 00393104. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in February 1945, it's largest shareholder is notcutts group ltd with a 100% stake. Notcutts Limited is a mature, large sized company, Pomanda has estimated its turnover at £78.6m with healthy growth in recent years.

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Notcutts Limited Health Check

Pomanda's financial health check has awarded Notcutts Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £78.6m, make it larger than the average company (£1.2m)

£78.6m - Notcutts Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11%)

7% - Notcutts Limited

11% - Industry AVG

production

Production

with a gross margin of 52.7%, this company has a lower cost of product (43.3%)

52.7% - Notcutts Limited

43.3% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (5.2%)

1.8% - Notcutts Limited

5.2% - Industry AVG

employees

Employees

with 1096 employees, this is above the industry average (31)

1096 - Notcutts Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.7k, the company has an equivalent pay structure (£19.4k)

£20.7k - Notcutts Limited

£19.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £71.8k, this is less efficient (£89k)

£71.8k - Notcutts Limited

£89k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 3 days, this is earlier than average (9 days)

3 days - Notcutts Limited

9 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 79 days, this is slower than average (32 days)

79 days - Notcutts Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 118 days, this is more than average (79 days)

118 days - Notcutts Limited

79 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (25 weeks)

4 weeks - Notcutts Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.8%, this is a lower level of debt than the average (65.8%)

49.8% - Notcutts Limited

65.8% - Industry AVG

NOTCUTTS LIMITED financials

EXPORTms excel logo

Notcutts Limited's latest turnover from February 2024 is £78.6 million and the company has net assets of £47.3 million. According to their latest financial statements, Notcutts Limited has 1,096 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Aug 2009
Turnover78,639,84573,696,74379,592,14764,250,84176,125,58874,703,93674,715,19271,326,23067,760,74963,750,13855,869,02953,759,71957,995,01087,147,95357,261,544
Other Income Or Grants
Cost Of Sales37,193,95735,876,17137,436,75932,176,24938,892,61639,198,21039,700,91037,159,79935,505,37131,628,69527,340,75125,784,84728,465,20443,136,08128,814,708
Gross Profit41,445,88837,820,57242,155,38832,074,59237,232,97235,505,72635,014,28234,166,43132,255,37832,121,44328,528,27827,974,87229,529,80644,011,87228,446,836
Admin Expenses40,022,29637,599,11533,954,55930,038,01135,813,67634,351,36334,380,37432,480,87830,964,21431,042,18728,206,65426,284,95126,777,21140,656,14724,562,281
Operating Profit1,423,592221,4578,200,8292,036,5811,419,2961,154,363633,9081,685,5531,291,1641,079,256321,6241,689,9212,752,5953,355,7253,884,555
Interest Payable982,936464,846106,692526,312703,767910,132673,062648,145955,423978,2551,743,1561,626,8631,662,1124,273,5232,256,462
Interest Receivable71,971452,232314,007281,8187,875317,8123,518848137,583129,2731,243,1141,240,6201,243,1191,606,8451,248,115
Pre-Tax Profit506,298256,9649,135,8526,897,7691,111,8743,401,547105,1106,244,1273,090,4446,780,3041,168,7312,743,6783,448,32812,480,7473,385,860
Tax-329,250-695,544-5,876,849-2,754,827-840,306-1,053,823-167,788-1,148,638-33,44445,663108,128-582,673-490,397162,469-860,765
Profit After Tax177,048-438,5803,259,0034,142,942271,5682,347,724-62,6785,095,4893,057,0006,825,9671,276,8592,161,0052,957,93112,643,2162,525,095
Dividends Paid622,5101,140,214730,292200,007203,241232,772477,301187,997221,187243,487674,548778,988533,258533,258316,421
Retained Profit-445,462-1,578,7942,528,7113,942,93568,3272,114,952-539,9794,907,4922,835,8136,582,480602,3111,382,0172,424,67312,109,9582,208,674
Employee Costs22,720,36420,007,04819,633,47519,526,38920,059,45219,133,05118,317,67717,598,55716,304,49515,980,26214,540,93714,071,45715,258,92124,056,11915,054,854
Number Of Employees1,0961,0431,0021,1391,3171,3321,3371,3121,2381,2281,1301,1431,2031,3371,377
EBITDA*6,854,1965,166,4988,578,8166,813,5615,902,9395,385,7254,722,3005,138,8634,100,5663,815,0482,518,2193,962,6984,930,3956,298,5714,396,878

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Aug 2009
Tangible Assets71,291,21372,568,47168,072,13168,732,05172,522,05167,688,82561,653,20859,893,84454,649,31153,548,96653,959,75642,282,59842,598,89844,902,77045,144,247
Intangible Assets5,532,1086,031,7311,644,2001,904,4522,164,7042,424,9562,685,2082,945,460-566,981-694,731-822,481-2,981,605-3,184,579-3,362,136-3,628,583
Investments & Other3,318,494105,619105,619730,999698,000671,194557,838480,586640,023634,824
Debtors (Due After 1 year)620,334328,96715,0662,269,9181,939,5471,874,691
Total Fixed Assets76,823,32182,539,03070,045,29870,651,56974,686,75570,113,78164,444,03562,944,92354,813,32953,552,23553,808,46942,128,74941,834,45242,180,65744,025,179
Stock & work in progress12,121,70113,754,58013,806,3188,992,50911,273,59510,227,72211,595,26610,939,20410,653,57510,718,88411,098,60810,966,84010,176,60210,824,2308,367,713
Trade Debtors834,941483,2671,047,280633,160992,905590,194755,864499,1281,202,389304,706363,708401,044125,579544,066836,343
Group Debtors143,130143,130143,130143,130143,130143,130143,130143,130143,130143,130143,130143,130
Misc Debtors1,776,5211,159,7771,624,4392,182,0151,357,3001,950,9381,835,2785,446,8555,954,3376,168,6404,226,7552,052,8581,804,25715,926,1902,388,150
Cash2,590,6072,550,8992,694,1062,861,0583,130,2522,087,9282,609,2333,784,5621,933,284734,758893,533814,816937,4761,096,4102,683,310
misc current assets
total current assets17,466,90018,091,65319,315,27314,811,87216,897,18214,999,91216,938,77120,812,87919,886,71518,070,11816,725,73414,378,68813,043,91428,390,89614,275,516
total assets94,290,221100,630,68389,360,57185,463,44191,583,93785,113,69381,382,80683,757,80274,700,04471,622,35370,534,20356,507,43754,878,36670,571,55358,300,695
Bank overdraft5,630,5785,592,4344,625,9385,806,0737,104,3236,112,5571,774,6704,425,0835,858,8383,077,5957,084,7462,444,5881,203,2611,893,830
Bank loan10,982,35414,960,97915,432,474
Trade Creditors 8,059,0196,586,8729,369,5246,865,9639,180,6358,038,7408,314,9199,036,9768,242,5556,881,1465,470,7173,886,3944,388,7844,813,3484,903,017
Group/Directors Accounts3,325,494
other short term finances10,391265,960
hp & lease commitments
other current liabilities3,927,4154,890,7085,889,9035,227,8423,811,5073,531,4213,142,7342,864,1282,293,6762,025,7903,226,0213,030,2563,030,0883,343,9444,547,628
total current liabilities28,609,75720,395,50819,885,36517,899,87835,323,40417,682,71813,232,32316,326,18716,395,06927,417,00515,781,4849,361,2388,622,13310,051,1229,450,645
loans12,412,0194,274,38311,448,00113,794,41111,714,15211,857,45915,394,3597,856,2447,818,13015,280,01515,261,838
hp & lease commitments
Accruals and Deferred Income
other liabilities874,7041,354,2771,649,5421,609,873
provisions15,035,28716,020,48515,444,62710,903,5936,894,6136,131,6475,058,3154,438,2944,047,6993,348,929
total long term liabilities18,356,67932,839,58418,792,11719,762,47313,855,82725,031,04428,986,03130,033,81525,821,81515,755,47321,248,04213,492,22611,244,79618,027,59618,679,170
total liabilities46,966,43653,235,09238,677,48237,662,35149,179,23142,713,76242,218,35446,360,00242,216,88443,172,47837,029,52622,853,46419,866,92928,078,71828,129,815
net assets47,323,78547,395,59150,683,08947,801,09042,404,70642,399,93139,164,45237,397,80032,483,16028,449,87533,504,67733,653,97335,011,43742,492,83530,170,880
total shareholders funds47,323,78547,395,59150,683,08947,801,09042,404,70642,399,93139,164,45237,397,80032,483,16028,449,87533,504,67733,653,97335,011,43742,492,83530,170,880
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Aug 2009
Operating Activities
Operating Profit1,423,592221,4578,200,8292,036,5811,419,2961,154,363633,9081,685,5531,291,1641,079,256321,6241,689,9212,752,5953,355,7253,884,555
Depreciation4,930,9814,545,299117,7354,516,7284,223,3913,971,1103,828,1403,193,0582,937,1522,863,5422,400,3332,475,7512,355,3573,209,2931,932,069
Amortisation499,623399,742260,252260,252260,252260,252260,252260,252-127,750-127,750-203,738-202,974-177,557-266,447-1,419,746
Tax-329,250-695,544-5,876,849-2,754,827-840,306-1,053,823-167,788-1,148,638-33,44445,663108,128-582,673-490,397162,469-860,765
Stock-1,632,879-51,7384,813,809-2,281,0861,045,873-1,367,544656,062285,629-65,309-379,724131,768790,238-647,62810,824,2308,367,713
Debtors348,084-737,308170,445480,036-190,927-50,010-3,354,841-1,210,743683,3801,882,883-133,357997,567-12,600,87316,470,2565,099,184
Creditors1,472,147-2,782,6522,503,561-2,314,6721,141,895-276,179-722,057794,4211,361,4091,410,4291,584,323-502,390-424,5644,813,3484,903,017
Accruals and Deferred Income-963,293-999,195662,0611,416,335280,086388,687278,606570,452267,886-1,200,231195,765168-313,8563,343,9444,547,628
Deferred Taxes & Provisions-985,198575,8584,541,0344,008,980762,9661,073,332620,021390,595698,7703,348,929
Cash flow from operations7,333,3972,054,0115,424,3698,970,4276,392,6346,935,2967,429,8616,670,8075,777,1165,916,6794,408,0241,089,99816,950,079-12,676,154-480,139
Investing Activities
capital expenditure-3,653,723-13,828,912542,185-726,728-9,056,617-10,006,727-5,587,504-12,210,284-1,454,7822,317,637-5,006,380-801,0159,805,366-3,180,020-1,541,584
Change in Investments-3,318,4943,318,494-105,619-625,38032,99926,806113,35677,252-159,437640,023634,824
cash flow from investments-335,229-17,147,406542,185-726,728-9,056,617-9,901,108-5,587,504-11,584,904-1,487,7812,290,831-5,119,736-878,2679,964,803-3,820,043-2,176,408
Financing Activities
Bank loans10,982,354-14,960,97914,960,979-15,432,47415,432,474
Group/Directors Accounts-3,325,4943,325,494
Other Short Term Loans 10,391-265,960265,960
Long term loans-12,412,01912,412,019-4,274,3834,274,383-11,448,001-2,346,4102,080,259-143,30711,857,459-15,394,3597,538,11538,114-7,461,88515,280,01515,261,838
Hire Purchase and Lease Commitments
other long term liabilities-874,704-479,573-295,26539,6691,609,873
share issue373,656-1,708,704353,2881,453,449-63,5521,120,5272,306,6317,1481,197,472-11,637,282-751,607-2,739,481-9,906,07130,382,87727,962,206
interest-910,965-12,614207,315-244,494-695,892-592,320-669,544-647,297-817,840-848,982-500,042-386,243-418,993-2,666,678-1,008,347
cash flow from financing-5,282,07714,016,195-3,713,780-9,743,6013,019,494-2,692,9073,237,773-1,078,721-3,155,714-10,838,2766,286,466-3,087,610-17,786,94942,996,21442,215,697
cash and cash equivalents
cash39,708-143,207-166,952-269,1941,042,324-521,305-1,175,3291,851,2781,198,526-158,77578,717-122,660-158,9341,096,4102,683,310
overdraft38,144966,496-1,180,135-1,298,250991,7664,337,887-2,650,413-1,433,7552,781,243-4,007,1514,640,1581,241,327-690,5691,893,830
change in cash1,564-1,109,7031,013,1831,029,05650,558-4,859,1921,475,0843,285,033-1,582,7173,848,376-4,561,441-1,363,987531,635-797,4202,683,310

notcutts 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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Notcutts Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for notcutts 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 IP12 area or any other competitors across 12 key performance metrics.

notcutts limited Ownership

NOTCUTTS LIMITED group structure

Notcutts Limited has 1 subsidiary company.

Ultimate parent company

1 parent

NOTCUTTS LIMITED

00393104

1 subsidiary

NOTCUTTS LIMITED Shareholders

notcutts group ltd 100%

notcutts limited directors

Notcutts Limited currently has 5 directors. The longest serving directors include Ms Caroline Notcutt (Aug 2008) and Mr Nicholas Burrows (Sep 2015).

officercountryagestartendrole
Ms Caroline Notcutt59 years Aug 2008- Director
Mr Nicholas Burrows64 years Sep 2015- Director
Mr Julian Herbert57 years Apr 2016- Director
Ms Bridget McIntyre63 years Jan 2020- Director
Mr Mark Haddock48 years Feb 2025- Director

P&L

February 2024

turnover

78.6m

+7%

operating profit

1.4m

+543%

gross margin

52.8%

+2.7%

turnover

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

Balance Sheet

February 2024

net assets

47.3m

0%

total assets

94.3m

-0.06%

cash

2.6m

+0.02%

net assets

Total assets minus all liabilities

notcutts limited company details

company number

00393104

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

February 1945

age

80

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

February 2024

previous names

notcutts nurseries limited (February 1997)

r.c. notcutt limited (November 1988)

accountant

-

auditor

MHA

address

the nursery,, cumberland street,, woodbridge,, suffolk, IP12 4AF

Bank

BARCLAYS BANK PLC

Legal Advisor

-

notcutts 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 29 charges/mortgages relating to notcutts limited. Currently there are 12 open charges and 17 have been satisfied in the past.

notcutts 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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notcutts limited Companies House Filings - See Documents

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