g.f.smith & son(london),limited
g.f.smith & son(london),limited Company Information
Company Number
00490873
Next Accounts
Jul 2025
Shareholders
g f smith & son holdings ltd
Group Structure
View All
Industry
Manufacture of paper stationery
+2Registered Address
g . f smith and son (london) ltd, lockwood street, hull, HU2 0HL
Website
www.gfsmith.comg.f.smith & son(london),limited Estimated Valuation
Pomanda estimates the enterprise value of G.F.SMITH & SON(LONDON),LIMITED at £20.5m based on a Turnover of £30.8m and 0.67x industry multiple (adjusted for size and gross margin).
g.f.smith & son(london),limited Estimated Valuation
Pomanda estimates the enterprise value of G.F.SMITH & SON(LONDON),LIMITED at £2.4m based on an EBITDA of £426.3k and a 5.51x industry multiple (adjusted for size and gross margin).
g.f.smith & son(london),limited Estimated Valuation
Pomanda estimates the enterprise value of G.F.SMITH & SON(LONDON),LIMITED at £15.8m based on Net Assets of £9.1m and 1.73x industry multiple (adjusted for liquidity).
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G.f.smith & Son(london),limited Overview
G.f.smith & Son(london),limited is a live company located in hull, HU2 0HL with a Companies House number of 00490873. It operates in the manufacture of paper and paperboard sector, SIC Code 17120. Founded in January 1951, it's largest shareholder is g f smith & son holdings ltd with a 100% stake. G.f.smith & Son(london),limited is a mature, large sized company, Pomanda has estimated its turnover at £30.8m with high growth in recent years.
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G.f.smith & Son(london),limited Health Check
Pomanda's financial health check has awarded G.F.Smith & Son(London),Limited a 4.5 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
6 Strong
1 Regular
5 Weak
Size
annual sales of £30.8m, make it larger than the average company (£18.3m)
£30.8m - G.f.smith & Son(london),limited
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.8%)
17% - G.f.smith & Son(london),limited
6.8% - Industry AVG
Production
with a gross margin of 26.1%, this company has a comparable cost of product (26.3%)
26.1% - G.f.smith & Son(london),limited
26.3% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (5.3%)
0.9% - G.f.smith & Son(london),limited
5.3% - Industry AVG
Employees
with 151 employees, this is above the industry average (65)
151 - G.f.smith & Son(london),limited
65 - Industry AVG
Pay Structure
on an average salary of £51.7k, the company has a higher pay structure (£42.2k)
£51.7k - G.f.smith & Son(london),limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £203.8k, this is less efficient (£292.2k)
£203.8k - G.f.smith & Son(london),limited
£292.2k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (58 days)
70 days - G.f.smith & Son(london),limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (46 days)
52 days - G.f.smith & Son(london),limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 104 days, this is more than average (51 days)
104 days - G.f.smith & Son(london),limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (7 weeks)
12 weeks - G.f.smith & Son(london),limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38%, this is a lower level of debt than the average (52.3%)
38% - G.f.smith & Son(london),limited
52.3% - Industry AVG
G.F.SMITH & SON(LONDON),LIMITED financials
G.F.Smith & Son(London),Limited's latest turnover from October 2023 is £30.8 million and the company has net assets of £9.1 million. According to their latest financial statements, G.F.Smith & Son(London),Limited has 151 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 30,766,682 | 32,531,210 | 21,539,501 | 19,207,577 | 29,020,034 | 29,702,017 | 31,072,144 | 29,938,261 | 28,322,867 | 26,922,218 | 25,520,557 | 23,745,500 | 23,697,071 | 21,277,893 | 18,561,696 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 22,743,961 | 23,364,219 | 15,554,825 | 16,646,193 | 21,378,193 | 22,435,281 | 23,692,320 | 22,803,282 | 21,296,648 | 20,538,552 | 19,659,490 | 18,790,609 | 18,610,672 | 16,667,379 | 14,492,151 |
| Gross Profit | 8,022,721 | 9,166,991 | 5,984,676 | 2,561,384 | 7,641,841 | 7,266,736 | 7,379,824 | 7,134,979 | 7,026,219 | 6,383,666 | 5,861,067 | 4,954,891 | 5,086,399 | 4,610,514 | 4,069,545 |
| Admin Expenses | 7,740,037 | 8,256,319 | 5,279,385 | 3,441,205 | 6,374,522 | 6,448,516 | 6,444,112 | 6,426,485 | 6,091,596 | 5,597,216 | 5,035,253 | 4,341,500 | 4,571,826 | 4,205,711 | 3,985,626 |
| Operating Profit | 282,684 | 910,672 | 705,291 | -879,821 | 1,267,319 | 818,220 | 935,712 | 708,494 | 934,623 | 786,450 | 825,814 | 613,391 | 514,573 | 404,803 | 83,919 |
| Interest Payable | 79,005 | 49,530 | 24,323 | 27,068 | |||||||||||
| Interest Receivable | 14,639 | 1,932 | 2,226 | 6,415 | 12,751 | 11,551 | 13,467 | 11,143 | 21,477 | 21,835 | 30,074 | 31,604 | 38,363 | 30,444 | 35,131 |
| Pre-Tax Profit | 218,318 | 863,074 | 909,824 | -4,238,314 | 459,591 | 829,771 | 949,179 | 719,637 | 956,100 | 826,016 | 906,519 | 650,076 | 593,631 | 435,237 | 146,457 |
| Tax | 100,000 | 115,926 | 49,151 | -108,246 | -182,188 | -221,610 | -189,270 | -213,501 | -208,187 | -237,803 | -208,783 | -235,005 | -122,892 | -51,759 | |
| Profit After Tax | 318,318 | 863,074 | 1,025,750 | -4,189,163 | 351,345 | 647,583 | 727,569 | 530,367 | 742,599 | 617,829 | 668,716 | 441,293 | 358,626 | 312,345 | 94,698 |
| Dividends Paid | 364,156 | 364,156 | 1,065,485 | 286,676 | 290,550 | 263,432 | 329,290 | 275,054 | 298,298 | 228,566 | 236,314 | 166,582 | 69,732 | 182,078 | |
| Retained Profit | -45,838 | 498,918 | 1,025,750 | -5,254,648 | 64,669 | 357,033 | 464,137 | 201,077 | 467,545 | 319,531 | 440,150 | 204,979 | 192,044 | 242,613 | -87,380 |
| Employee Costs | 7,804,963 | 7,646,888 | 6,131,565 | 6,940,018 | 7,771,130 | 7,406,433 | 7,485,772 | 7,294,376 | 7,094,093 | 6,744,728 | 6,193,583 | 5,837,061 | 5,390,757 | 4,641,166 | 4,229,676 |
| Number Of Employees | 151 | 147 | 150 | 176 | 205 | 210 | 201 | 203 | 193 | 189 | 184 | 178 | 167 | 150 | 144 |
| EBITDA* | 426,301 | 1,022,229 | 762,946 | -606,069 | 1,573,251 | 1,085,633 | 1,262,919 | 949,959 | 1,257,646 | 1,155,888 | 1,076,243 | 912,768 | 870,854 | 734,003 | 468,408 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 292,065 | 216,026 | 67,069 | 84,264 | 1,172,470 | 1,279,704 | 1,334,502 | 1,189,483 | 1,138,714 | 1,092,594 | 1,092,193 | 1,131,355 | 1,263,229 | 1,235,808 | 1,468,199 |
| Intangible Assets | 304,165 | 354,165 | 404,167 | 13,854 | 37,604 | 61,354 | 85,104 | ||||||||
| Investments & Other | 20,001 | 20,001 | 20,001 | 1,328,191 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 616,231 | 590,192 | 491,237 | 1,412,455 | 1,172,471 | 1,293,559 | 1,372,107 | 1,250,838 | 1,223,819 | 1,092,595 | 1,092,194 | 1,131,356 | 1,263,230 | 1,235,808 | 1,468,199 |
| Stock & work in progress | 6,523,191 | 5,446,267 | 3,273,767 | 2,799,660 | 5,967,560 | 5,232,100 | 5,069,319 | 5,312,059 | 5,268,372 | 4,338,923 | 4,153,450 | 4,175,006 | 5,192,468 | 4,183,321 | 3,631,566 |
| Trade Debtors | 5,923,469 | 7,291,303 | 5,150,039 | 4,243,693 | 6,646,333 | 6,439,281 | 7,255,678 | 6,732,846 | 7,511,815 | 6,867,273 | 6,065,301 | 5,587,661 | 5,753,960 | 4,992,373 | 4,469,135 |
| Group Debtors | 354,185 | ||||||||||||||
| Misc Debtors | 499,201 | 406,088 | 260,318 | 535,414 | 651,854 | 549,077 | 474,237 | 426,945 | 491,608 | 163,012 | 279,808 | 296,026 | 383,871 | 606,339 | 242,526 |
| Cash | 1,185,555 | 2,145,530 | 5,072,506 | 4,478,612 | 2,211,367 | 3,597,235 | 2,266,904 | 2,034,910 | 1,401,181 | 2,336,299 | 3,513,851 | 3,014,555 | 1,499,308 | 2,597,747 | 2,659,336 |
| misc current assets | 491,224 | 490,367 | 195,873 | 195,013 | |||||||||||
| total current assets | 14,131,416 | 15,289,188 | 14,110,815 | 12,057,379 | 15,477,114 | 15,817,693 | 15,066,138 | 14,506,760 | 15,164,200 | 14,195,874 | 14,012,410 | 13,073,248 | 12,829,607 | 12,575,653 | 11,197,576 |
| total assets | 14,747,647 | 15,879,380 | 14,602,052 | 13,469,834 | 16,649,585 | 17,111,252 | 16,438,245 | 15,757,598 | 16,388,019 | 15,288,469 | 15,104,604 | 14,204,604 | 14,092,837 | 13,811,461 | 12,665,775 |
| Bank overdraft | |||||||||||||||
| Bank loan | 400,000 | 400,000 | 400,000 | 200,000 | |||||||||||
| Trade Creditors | 3,258,650 | 3,232,145 | 1,795,078 | 1,473,315 | 2,403,110 | 2,081,560 | 2,019,134 | 1,788,347 | 2,486,578 | 1,870,763 | 2,031,471 | 1,689,309 | 1,894,550 | 1,750,331 | 1,720,111 |
| Group/Directors Accounts | 20,000 | 20,000 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,227,532 | 2,003,873 | 2,315,030 | 1,661,341 | 1,184,816 | 2,039,948 | 1,797,588 | 1,803,721 | 1,948,258 | 1,959,659 | 1,934,617 | 1,816,929 | 1,704,900 | 1,759,787 | 886,934 |
| total current liabilities | 4,906,182 | 5,656,018 | 4,510,108 | 3,334,656 | 3,587,926 | 4,121,508 | 3,816,722 | 3,592,068 | 4,434,836 | 3,830,422 | 3,966,088 | 3,506,238 | 3,599,450 | 3,510,118 | 2,607,045 |
| loans | 600,000 | 1,000,000 | 1,400,000 | 1,800,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 96,441 | 32,500 | 577,318 | ||||||||||||
| provisions | 49,151 | 56,905 | 45,717 | 53,861 | 27,591 | ||||||||||
| total long term liabilities | 696,441 | 1,032,500 | 1,400,000 | 2,377,318 | 49,151 | 56,905 | 45,717 | 53,861 | 27,591 | ||||||
| total liabilities | 5,602,623 | 6,688,518 | 5,910,108 | 5,711,974 | 3,637,077 | 4,178,413 | 3,862,439 | 3,645,929 | 4,462,427 | 3,830,422 | 3,966,088 | 3,506,238 | 3,599,450 | 3,510,118 | 2,607,045 |
| net assets | 9,145,024 | 9,190,862 | 8,691,944 | 7,757,860 | 13,012,508 | 12,932,839 | 12,575,806 | 12,111,669 | 11,925,592 | 11,458,047 | 11,138,516 | 10,698,366 | 10,493,387 | 10,301,343 | 10,058,730 |
| total shareholders funds | 9,145,024 | 9,190,862 | 8,691,944 | 7,757,860 | 13,012,508 | 12,932,839 | 12,575,806 | 12,111,669 | 11,925,592 | 11,458,047 | 11,138,516 | 10,698,366 | 10,493,387 | 10,301,343 | 10,058,730 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 282,684 | 910,672 | 705,291 | -879,821 | 1,267,319 | 818,220 | 935,712 | 708,494 | 934,623 | 786,450 | 825,814 | 613,391 | 514,573 | 404,803 | 83,919 |
| Depreciation | 93,617 | 61,555 | 53,488 | 273,752 | 292,078 | 243,663 | 303,457 | 217,715 | 313,127 | 369,438 | 250,429 | 299,377 | 356,281 | 329,200 | 384,489 |
| Amortisation | 50,000 | 50,002 | 4,167 | 13,854 | 23,750 | 23,750 | 23,750 | 9,896 | |||||||
| Tax | 100,000 | 115,926 | 49,151 | -108,246 | -182,188 | -221,610 | -189,270 | -213,501 | -208,187 | -237,803 | -208,783 | -235,005 | -122,892 | -51,759 | |
| Stock | 1,076,924 | 2,172,500 | 474,107 | -3,167,900 | 735,460 | 162,781 | -242,740 | 43,687 | 929,449 | 185,473 | -21,556 | -1,017,462 | 1,009,147 | 551,755 | 3,631,566 |
| Debtors | -1,274,721 | 1,932,849 | 985,435 | -2,519,080 | 309,829 | -741,557 | 570,124 | -843,632 | 973,138 | 685,176 | 461,422 | -254,144 | 539,119 | 887,051 | 4,711,661 |
| Creditors | 26,505 | 1,437,067 | 321,763 | -929,795 | 321,550 | 62,426 | 230,787 | -698,231 | 615,815 | -160,708 | 342,162 | -205,241 | 144,219 | 30,220 | 1,720,111 |
| Accruals and Deferred Income | -776,341 | -311,157 | 653,689 | 476,525 | -855,132 | 242,360 | -6,133 | -144,537 | -11,401 | 25,042 | 117,688 | 112,029 | -54,887 | 872,853 | 886,934 |
| Deferred Taxes & Provisions | -49,151 | -7,754 | 11,188 | -8,144 | 26,270 | 27,591 | |||||||||
| Cash flow from operations | -25,738 | -1,957,210 | 394,782 | 4,627,641 | -121,620 | 1,798,195 | 930,435 | 744,136 | -226,437 | -58,614 | 858,424 | 1,882,379 | -823,085 | 75,378 | -5,319,533 |
| Investing Activities | |||||||||||||||
| capital expenditure | -187,216 | -434,000 | 221,440 | -437,461 | -842,475 | -160,636 | -162,422 | -147,134 | -97,958 | -353,906 | |||||
| Change in Investments | -1,308,190 | 1,328,190 | 1 | ||||||||||||
| cash flow from investments | 1,308,190 | -1,328,190 | -187,216 | -434,000 | 221,440 | -437,461 | -842,475 | -160,636 | -162,422 | -147,135 | -97,958 | -353,906 | |||
| Financing Activities | |||||||||||||||
| Bank loans | 200,000 | 200,000 | |||||||||||||
| Group/Directors Accounts | 20,000 | ||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -400,000 | -400,000 | -400,000 | 1,800,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 63,941 | 32,500 | -577,318 | 577,318 | |||||||||||
| share issue | |||||||||||||||
| interest | -64,366 | -47,598 | -22,097 | -20,653 | 12,751 | 11,551 | 13,467 | 11,143 | 21,477 | 21,835 | 30,074 | 31,604 | 38,363 | 30,444 | 35,131 |
| cash flow from financing | -400,425 | -395,098 | -891,081 | 2,556,665 | 27,751 | 11,551 | 13,467 | -3,857 | 21,477 | 21,835 | 30,074 | 31,604 | 38,363 | 30,444 | 10,181,241 |
| cash and cash equivalents | |||||||||||||||
| cash | -959,975 | -2,926,976 | 593,894 | 2,267,245 | -1,385,868 | 1,330,331 | 231,994 | 633,729 | -935,118 | -1,177,552 | 499,296 | 1,515,247 | -1,098,439 | -61,589 | 2,659,336 |
| overdraft | |||||||||||||||
| change in cash | -959,975 | -2,926,976 | 593,894 | 2,267,245 | -1,385,868 | 1,330,331 | 231,994 | 633,729 | -935,118 | -1,177,552 | 499,296 | 1,515,247 | -1,098,439 | -61,589 | 2,659,336 |
g.f.smith & son(london),limited Credit Report and Business Information
G.f.smith & Son(london),limited Competitor Analysis
Perform a competitor analysis for g.f.smith & son(london),limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in HU2 area or any other competitors across 12 key performance metrics.
g.f.smith & son(london),limited Ownership
G.F.SMITH & SON(LONDON),LIMITED group structure
G.F.Smith & Son(London),Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
G.F.SMITH & SON(LONDON),LIMITED
00490873
2 subsidiaries
g.f.smith & son(london),limited directors
G.F.Smith & Son(London),Limited currently has 7 directors. The longest serving directors include Mr Philip Alexander (Nov 1997) and Mr John Haslam (Nov 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Alexander | 62 years | Nov 1997 | - | Director | |
| Mr John Haslam | England | 60 years | Nov 2001 | - | Director |
| Mr Glyn Houghton | United Kingdom | 62 years | May 2007 | - | Director |
| Mr Gareth Sheekey | United Kingdom | 51 years | May 2008 | - | Director |
| Mr Benjamin Watkinson | United Kingdom | 46 years | Jul 2021 | - | Director |
| Mrs Margaret Sweeney | United Kingdom | 53 years | Jul 2021 | - | Director |
| Mrs Charlotte Couchman | 36 years | Mar 2023 | - | Director |
P&L
October 2023turnover
30.8m
-5%
operating profit
282.7k
-69%
gross margin
26.1%
-7.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
9.1m
0%
total assets
14.7m
-0.07%
cash
1.2m
-0.45%
net assets
Total assets minus all liabilities
g.f.smith & son(london),limited company details
company number
00490873
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
17230 - Manufacture of paper stationery
17120 - Manufacture of paper and paperboard
incorporation date
January 1951
age
74
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
TOWNENDS ACCOUNTANTS LLP
address
g . f smith and son (london) ltd, lockwood street, hull, HU2 0HL
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
ANDREW JACKSON
g.f.smith & son(london),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 2 charges/mortgages relating to g.f.smith & son(london),limited. Currently there are 2 open charges and 0 have been satisfied in the past.
g.f.smith & son(london),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 G.F.SMITH & SON(LONDON),LIMITED. This can take several minutes, an email will notify you when this has completed.
g.f.smith & son(london),limited Companies House Filings - See Documents
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