whitworth bros.limited

whitworth bros.limited Company Information

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Company Number

00465899

Industry

Grain milling

 

Shareholders

whitworths holdings ltd

Group Structure

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Contact

Registered Address

victoria mills, wellingborough, northampton, NN8 2DT

whitworth bros.limited Estimated Valuation

£627.4m

Pomanda estimates the enterprise value of WHITWORTH BROS.LIMITED at £627.4m based on a Turnover of £503.6m and 1.25x industry multiple (adjusted for size and gross margin).

whitworth bros.limited Estimated Valuation

£268.5m

Pomanda estimates the enterprise value of WHITWORTH BROS.LIMITED at £268.5m based on an EBITDA of £35.4m and a 7.57x industry multiple (adjusted for size and gross margin).

whitworth bros.limited Estimated Valuation

£152.7m

Pomanda estimates the enterprise value of WHITWORTH BROS.LIMITED at £152.7m based on Net Assets of £98.1m and 1.56x industry multiple (adjusted for liquidity).

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Whitworth Bros.limited Overview

Whitworth Bros.limited is a live company located in northampton, NN8 2DT with a Companies House number of 00465899. It operates in the grain milling sector, SIC Code 10611. Founded in March 1949, it's largest shareholder is whitworths holdings ltd with a 100% stake. Whitworth Bros.limited is a mature, mega sized company, Pomanda has estimated its turnover at £503.6m with healthy growth in recent years.

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Whitworth Bros.limited Health Check

Pomanda's financial health check has awarded Whitworth Bros.Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £503.6m, make it larger than the average company (£71m)

£503.6m - Whitworth Bros.limited

£71m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a similar rate (13%)

14% - Whitworth Bros.limited

13% - Industry AVG

production

Production

with a gross margin of 14%, this company has a comparable cost of product (12.9%)

14% - Whitworth Bros.limited

12.9% - Industry AVG

profitability

Profitability

an operating margin of 5.4% make it more profitable than the average company (2.6%)

5.4% - Whitworth Bros.limited

2.6% - Industry AVG

employees

Employees

with 584 employees, this is above the industry average (80)

584 - Whitworth Bros.limited

80 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.9k, the company has an equivalent pay structure (£47.7k)

£52.9k - Whitworth Bros.limited

£47.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £862.4k, this is more efficient (£719.9k)

£862.4k - Whitworth Bros.limited

£719.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is near the average (50 days)

51 days - Whitworth Bros.limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 26 days, this is quicker than average (35 days)

26 days - Whitworth Bros.limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is less than average (28 days)

17 days - Whitworth Bros.limited

28 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (5 weeks)

2 weeks - Whitworth Bros.limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.7%, this is a similar level of debt than the average (56.2%)

51.7% - Whitworth Bros.limited

56.2% - Industry AVG

WHITWORTH BROS.LIMITED financials

EXPORTms excel logo

Whitworth Bros.Limited's latest turnover from March 2024 is £503.6 million and the company has net assets of £98.1 million. According to their latest financial statements, Whitworth Bros.Limited has 584 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover503,622,000560,938,000434,251,000340,705,000340,490,000304,956,000238,729,000214,344,000207,884,000225,185,000229,128,000194,867,000162,985,000127,035,000101,714,000
Other Income Or Grants000000000000000
Cost Of Sales432,975,000506,824,000385,520,000291,976,000293,012,000263,591,000205,055,000181,809,000177,267,000197,806,000203,956,000176,421,000149,190,000112,966,00087,549,000
Gross Profit70,647,00054,114,00048,731,00048,729,00047,478,00041,365,00033,674,00032,535,00030,617,00027,379,00025,172,00018,446,00013,795,00014,069,00014,165,000
Admin Expenses43,268,00040,149,00036,865,00034,627,00036,997,00031,293,00025,436,00024,202,00020,582,00020,528,00018,073,00014,642,00012,058,00011,167,0008,959,000
Operating Profit27,379,00013,965,00011,866,00014,102,00010,481,00010,072,0008,238,0008,333,00010,035,0006,851,0007,099,0003,804,0001,737,0002,902,0005,206,000
Interest Payable2,480,0002,159,0001,029,000191,000451,000408,000227,000451,000665,000913,0001,052,0001,022,000954,000558,000354,000
Interest Receivable0980,000947,0000000000001,0001,0000
Pre-Tax Profit24,899,00012,786,00011,784,00013,911,00010,030,0009,664,0008,011,0007,882,0009,370,0005,940,0006,047,0002,782,0001,361,0002,513,0004,852,000
Tax-6,425,000-2,470,000-4,105,000-2,912,000-2,324,000-1,876,000-1,554,000-1,448,000-1,817,000-931,000-1,548,000-671,000-5,000-797,000-1,376,000
Profit After Tax18,474,00010,316,0007,679,00010,999,0007,706,0007,788,0006,457,0006,434,0007,553,0005,009,0004,499,0002,111,0001,356,0001,716,0003,476,000
Dividends Paid1,767,0002,606,0001,988,0003,049,0004,205,000010,000,00000000000
Retained Profit16,707,0007,710,0005,691,0007,950,0003,501,0007,788,000-3,543,0006,434,0007,553,0005,009,0004,499,0002,111,0001,356,0001,716,0003,476,000
Employee Costs30,870,00027,264,00025,368,00024,072,00022,708,00018,721,00015,640,00014,280,00013,954,00013,105,00011,426,0008,762,0007,790,0007,409,0006,990,000
Number Of Employees584570554527515421353336320309256209199189179
EBITDA*35,445,00021,758,00021,853,00019,865,00016,536,00015,371,00013,440,00013,472,00015,159,00011,914,00011,171,0007,242,0003,488,0004,678,0007,080,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets83,013,00078,287,00082,369,00082,906,00062,484,00054,849,00040,582,00043,429,00043,752,00048,188,00051,387,00027,352,00030,626,00016,348,0008,767,000
Intangible Assets-2,089,000-1,986,000-2,637,000-2,772,000-3,103,000-3,380,000582,000665,0000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets80,924,00076,301,00079,732,00080,134,00059,381,00051,469,00041,164,00044,094,00043,752,00048,188,00051,387,00027,352,00030,626,00016,348,0008,767,000
Stock & work in progress20,880,00029,515,00023,235,00015,709,00012,563,00011,849,0006,384,0007,127,0006,459,0008,819,0008,562,0007,271,0005,522,0006,946,0005,070,000
Trade Debtors71,192,00079,140,00068,420,00054,465,00050,734,00060,443,00037,950,00035,450,00031,296,00032,754,00035,897,00029,951,00023,964,00021,529,00015,075,000
Group Debtors19,783,0006,928,0006,774,0008,373,00010,550,00012,983,00016,182,00017,794,0006,836,0006,947,0006,948,0005,883,00010,246,00010,375,0009,903,000
Misc Debtors5,991,0007,373,0006,116,0003,708,0003,754,0002,127,0001,474,0002,236,0001,054,0001,277,000782,0004,813,0006,631,0007,850,0008,772,000
Cash4,451,0004,434,0003,108,0003,574,0000000000498,0006,031,0000170,000
misc current assets000000000000000
total current assets122,297,000127,390,000107,653,00085,829,00077,601,00087,402,00061,990,00062,607,00045,645,00049,797,00052,189,00048,416,00052,394,00046,700,00038,990,000
total assets203,221,000203,691,000187,385,000165,963,000136,982,000138,871,000103,154,000106,701,00089,397,00097,985,000103,576,00075,768,00083,020,00063,048,00047,757,000
Bank overdraft000017,555,00028,956,0009,484,0008,864,0005,404,00011,394,00013,242,000009,396,0000
Bank loan000000000009,927,00014,767,00000
Trade Creditors 31,411,00037,870,00031,518,00026,273,00024,655,00026,574,00017,182,00015,859,00013,255,00015,587,00017,460,00015,427,00013,473,00015,089,00010,275,000
Group/Directors Accounts922,0005,121,0006,959,0005,953,00000008,038,00011,877,00003,910,0008,712,0009,298,0009,794,000
other short term finances07,0000293,000984,000103,0005,000142,000146,000290,00000000
hp & lease commitments4,325,0004,325,0004,319,0006,427,0004,745,0004,745,0004,015,0003,124,0004,041,0004,482,0004,518,0001,750,0001,093,000261,000684,000
other current liabilities44,072,00047,287,00039,817,00026,980,0007,137,0007,126,0005,224,0004,831,0004,684,0003,825,0005,947,0002,609,0003,355,0002,344,0002,171,000
total current liabilities80,730,00094,610,00082,613,00065,926,00055,076,00067,504,00035,910,00032,820,00035,568,00047,455,00041,167,00033,623,00041,400,00036,388,00022,924,000
loans00026,631,00011,006,0000000011,730,0000000
hp & lease commitments15,471,00019,797,00024,094,000470,0006,896,00011,641,00016,386,00019,287,0005,275,0009,316,00013,794,00012,601,00014,351,000302,000562,000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions8,931,0007,902,0007,006,0004,955,0003,973,0003,196,0002,116,0002,309,0002,703,0002,916,0003,205,000363,000199,000644,000273,000
total long term liabilities24,402,00027,699,00031,100,00032,056,00021,875,00014,837,00018,502,00021,596,0007,978,00012,232,00028,729,00012,964,00014,550,000946,000835,000
total liabilities105,132,000122,309,000113,713,00097,982,00076,951,00082,341,00054,412,00054,416,00043,546,00059,687,00069,896,00046,587,00055,950,00037,334,00023,759,000
net assets98,089,00081,382,00073,672,00067,981,00060,031,00056,530,00048,742,00052,285,00045,851,00038,298,00033,680,00029,181,00027,070,00025,714,00023,998,000
total shareholders funds98,089,00081,382,00073,672,00067,981,00060,031,00056,530,00048,742,00052,285,00045,851,00038,298,00033,680,00029,181,00027,070,00025,714,00023,998,000
Mar 2024Mar 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit27,379,00013,965,00011,866,00014,102,00010,481,00010,072,0008,238,0008,333,00010,035,0006,851,0007,099,0003,804,0001,737,0002,902,0005,206,000
Depreciation7,746,0007,676,0008,629,0006,095,0005,778,0005,477,0005,119,0005,139,0005,124,0005,063,0004,072,0003,438,0001,751,0001,776,0001,874,000
Amortisation320,000117,0001,358,000-332,000277,000-178,00083,00000000000
Tax-6,425,000-2,470,000-4,105,000-2,912,000-2,324,000-1,876,000-1,554,000-1,448,000-1,817,000-931,000-1,548,000-671,000-5,000-797,000-1,376,000
Stock-8,635,0006,280,0007,526,0003,146,000714,0005,465,000-743,000668,000-2,360,000257,0001,291,0001,749,000-1,424,0001,876,0005,070,000
Debtors3,525,00012,131,00014,764,0001,508,000-10,515,00019,947,000126,00016,294,000-1,792,000-2,649,0002,980,000-194,0001,087,0006,004,00033,750,000
Creditors-6,459,0006,352,0005,245,0001,618,000-1,919,0009,392,0001,323,0002,604,000-2,332,000-1,873,0002,033,0001,954,000-1,616,0004,814,00010,275,000
Accruals and Deferred Income-3,215,0007,470,00012,837,00019,843,00011,0001,902,000393,000147,000859,000-2,122,0003,338,000-746,0001,011,000173,0002,171,000
Deferred Taxes & Provisions1,029,000896,0002,051,000982,000777,0001,080,000-193,000-394,000-213,000-289,0002,842,000164,000-445,000371,000273,000
Cash flow from operations25,485,00015,595,00015,591,00034,742,00022,882,000457,00014,026,000-2,581,00015,808,0009,091,00013,565,0006,388,0002,770,0001,359,000-20,397,000
Investing Activities
capital expenditure-12,689,000-4,362,000-9,585,000-26,516,000-13,967,000-15,604,000-2,272,000-5,481,000-688,000-1,864,000-28,107,000-164,000-16,029,000-9,357,000-10,641,000
Change in Investments000000000000000
cash flow from investments-12,689,000-4,362,000-9,585,000-26,516,000-13,967,000-15,604,000-2,272,000-5,481,000-688,000-1,864,000-28,107,000-164,000-16,029,000-9,357,000-10,641,000
Financing Activities
Bank loans0000000000-9,927,000-4,840,00014,767,00000
Group/Directors Accounts-4,199,000-1,838,0001,006,0005,953,000000-8,038,000-3,839,00011,877,000-3,910,000-4,802,000-586,000-496,0009,794,000
Other Short Term Loans -7,0007,000-293,000-691,000881,00098,000-137,000-4,000-144,000290,00000000
Long term loans00-26,631,00015,625,00011,006,0000000-11,730,00011,730,0000000
Hire Purchase and Lease Commitments-4,326,000-4,291,00021,516,000-4,744,000-4,745,000-4,015,000-2,010,00013,095,000-4,482,000-4,514,0003,961,000-1,093,00014,881,000-683,0001,246,000
other long term liabilities000000000000000
share issue000000000-391,000000020,522,000
interest-2,480,000-1,179,000-82,000-191,000-451,000-408,000-227,000-451,000-665,000-913,000-1,052,000-1,022,000-953,000-557,000-354,000
cash flow from financing-11,012,000-7,301,000-4,484,00015,952,0006,691,000-4,325,000-2,374,0004,602,000-9,130,000-5,381,000802,000-11,757,00028,109,000-1,736,00031,208,000
cash and cash equivalents
cash17,0001,326,000-466,0003,574,000000000-498,000-5,533,0006,031,000-170,000170,000
overdraft000-17,555,000-11,401,00019,472,000620,0003,460,000-5,990,000-1,848,00013,242,0000-9,396,0009,396,0000
change in cash17,0001,326,000-466,00021,129,00011,401,000-19,472,000-620,000-3,460,0005,990,0001,848,000-13,740,000-5,533,00015,427,000-9,566,000170,000

whitworth bros.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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Whitworth Bros.limited Competitor Analysis

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Perform a competitor analysis for whitworth bros.limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN8 area or any other competitors across 12 key performance metrics.

whitworth bros.limited Ownership

WHITWORTH BROS.LIMITED group structure

Whitworth Bros.Limited has no subsidiary companies.

Ultimate parent company

1 parent

WHITWORTH BROS.LIMITED

00465899

WHITWORTH BROS.LIMITED Shareholders

whitworths holdings ltd 100%

whitworth bros.limited directors

Whitworth Bros.Limited currently has 8 directors. The longest serving directors include Mr Roger Butler (Feb 2000) and Mr Horatio Growdridge (Jun 2008).

officercountryagestartendrole
Mr Roger Butler64 years Feb 2000- Director
Mr Horatio Growdridge62 years Jun 2008- Director
Mr David Goddard50 years Jan 2015- Director
Mr Michael George51 years Jan 2016- Director
Mr Matthew Whiteside57 years Jan 2016- Director
Ms Emma Bateman49 years Apr 2023- Director
Mrs Gillian Osborne53 years Apr 2024- Director
Mr Neil Fyfe46 years May 2024- Director

P&L

March 2024

turnover

503.6m

-10%

operating profit

27.4m

+96%

gross margin

14.1%

+45.41%

turnover

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

Balance Sheet

March 2024

net assets

98.1m

+0.21%

total assets

203.2m

0%

cash

4.5m

0%

net assets

Total assets minus all liabilities

whitworth bros.limited company details

company number

00465899

Type

Private limited with Share Capital

industry

10611 - Grain milling

incorporation date

March 1949

age

76

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

GRANT THORNTON UK LLP

address

victoria mills, wellingborough, northampton, NN8 2DT

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

whitworth bros.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 24 charges/mortgages relating to whitworth bros.limited. Currently there are 9 open charges and 15 have been satisfied in the past.

whitworth bros.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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whitworth bros.limited Companies House Filings - See Documents

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