g.f.smith & son(london),limited

4.5

g.f.smith & son(london),limited Company Information

Share G.F.SMITH & SON(LONDON),LIMITED
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MatureLargeHigh

Company Number

00490873

Registered Address

g . f smith and son (london) ltd, lockwood street, hull, HU2 0HL

Industry

Manufacture of paper and paperboard

 

Wholesale of other intermediate products

 
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Telephone

01482323503

Next Accounts Due

July 2025

Group Structure

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Directors

Philip Alexander26 Years

John Haslam22 Years

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Shareholders

g f smith & son holdings ltd 100%

g.f.smith & son(london),limited Estimated Valuation

£19.6m

Pomanda estimates the enterprise value of G.F.SMITH & SON(LONDON),LIMITED at £19.6m based on a Turnover of £30.8m and 0.64x industry multiple (adjusted for size and gross margin).

g.f.smith & son(london),limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of G.F.SMITH & SON(LONDON),LIMITED at £2.2m based on an EBITDA of £426.3k and a 5.06x industry multiple (adjusted for size and gross margin).

g.f.smith & son(london),limited Estimated Valuation

£11.5m

Pomanda estimates the enterprise value of G.F.SMITH & SON(LONDON),LIMITED at £11.5m based on Net Assets of £9.1m and 1.25x 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 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £30.8m, make it larger than the average company (£19.2m)

£30.8m - G.f.smith & Son(london),limited

£19.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.6%)

17% - G.f.smith & Son(london),limited

6.6% - Industry AVG

production

Production

with a gross margin of 26.1%, this company has a comparable cost of product (26.4%)

26.1% - G.f.smith & Son(london),limited

26.4% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (5.6%)

0.9% - G.f.smith & Son(london),limited

5.6% - Industry AVG

employees

Employees

with 151 employees, this is above the industry average (68)

151 - G.f.smith & Son(london),limited

68 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.7k, the company has a higher pay structure (£42.5k)

£51.7k - G.f.smith & Son(london),limited

£42.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £203.8k, this is less efficient (£286.9k)

£203.8k - G.f.smith & Son(london),limited

£286.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 70 days, this is near the average (59 days)

70 days - G.f.smith & Son(london),limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 52 days, this is slower than average (43 days)

52 days - G.f.smith & Son(london),limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 104 days, this is more than average (50 days)

104 days - G.f.smith & Son(london),limited

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (8 weeks)

12 weeks - G.f.smith & Son(london),limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38%, this is a lower level of debt than the average (49%)

38% - G.f.smith & Son(london),limited

49% - Industry AVG

G.F.SMITH & SON(LONDON),LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover30,766,68232,531,21021,539,50119,207,57729,020,03429,702,01731,072,14429,938,26128,322,86726,922,21825,520,55723,745,50023,697,07121,277,89318,561,696
Other Income Or Grants000000000000000
Cost Of Sales22,743,96123,364,21915,554,82516,646,19321,378,19322,435,28123,692,32022,803,28221,296,64820,538,55219,659,49018,790,60918,610,67216,667,37914,492,151
Gross Profit8,022,7219,166,9915,984,6762,561,3847,641,8417,266,7367,379,8247,134,9797,026,2196,383,6665,861,0674,954,8915,086,3994,610,5144,069,545
Admin Expenses7,740,0378,256,3195,279,3853,441,2056,374,5226,448,5166,444,1126,426,4856,091,5965,597,2165,035,2534,341,5004,571,8264,205,7113,985,626
Operating Profit282,684910,672705,291-879,8211,267,319818,220935,712708,494934,623786,450825,814613,391514,573404,80383,919
Interest Payable79,00549,53024,32327,06800000000000
Interest Receivable14,6391,9322,2266,41512,75111,55113,46711,14321,47721,83530,07431,60438,36330,44435,131
Pre-Tax Profit218,318863,074909,824-4,238,314459,591829,771949,179719,637956,100826,016906,519650,076593,631435,237146,457
Tax100,0000115,92649,151-108,246-182,188-221,610-189,270-213,501-208,187-237,803-208,783-235,005-122,892-51,759
Profit After Tax318,318863,0741,025,750-4,189,163351,345647,583727,569530,367742,599617,829668,716441,293358,626312,34594,698
Dividends Paid364,156364,15601,065,485286,676290,550263,432329,290275,054298,298228,566236,314166,58269,732182,078
Retained Profit-45,838498,9181,025,750-5,254,64864,669357,033464,137201,077467,545319,531440,150204,979192,044242,613-87,380
Employee Costs7,804,9637,646,8886,131,5656,940,0187,771,1307,406,4337,485,7727,294,3767,094,0936,744,7286,193,5835,837,0615,390,7574,641,1664,229,676
Number Of Employees151147150176205210201203193189184178167150144
EBITDA*426,3011,022,229762,946-606,0691,573,2511,085,6331,262,919949,9591,257,6461,155,8881,076,243912,768870,854734,003468,408

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets292,065216,02667,06984,2641,172,4701,279,7041,334,5021,189,4831,138,7141,092,5941,092,1931,131,3551,263,2291,235,8081,468,199
Intangible Assets304,165354,165404,1670013,85437,60461,35485,104000000
Investments & Other20,00120,00120,0011,328,19111111111100
Debtors (Due After 1 year)000000000000000
Total Fixed Assets616,231590,192491,2371,412,4551,172,4711,293,5591,372,1071,250,8381,223,8191,092,5951,092,1941,131,3561,263,2301,235,8081,468,199
Stock & work in progress6,523,1915,446,2673,273,7672,799,6605,967,5605,232,1005,069,3195,312,0595,268,3724,338,9234,153,4504,175,0065,192,4684,183,3213,631,566
Trade Debtors5,923,4697,291,3035,150,0394,243,6936,646,3336,439,2817,255,6786,732,8467,511,8156,867,2736,065,3015,587,6615,753,9604,992,3734,469,135
Group Debtors00354,185000000000000
Misc Debtors499,201406,088260,318535,414651,854549,077474,237426,945491,608163,012279,808296,026383,871606,339242,526
Cash1,185,5552,145,5305,072,5064,478,6122,211,3673,597,2352,266,9042,034,9101,401,1812,336,2993,513,8513,014,5551,499,3082,597,7472,659,336
misc current assets00000000491,224490,367000195,873195,013
total current assets14,131,41615,289,18814,110,81512,057,37915,477,11415,817,69315,066,13814,506,76015,164,20014,195,87414,012,41013,073,24812,829,60712,575,65311,197,576
total assets14,747,64715,879,38014,602,05213,469,83416,649,58517,111,25216,438,24515,757,59816,388,01915,288,46915,104,60414,204,60414,092,83713,811,46112,665,775
Bank overdraft000000000000000
Bank loan400,000400,000400,000200,00000000000000
Trade Creditors 3,258,6503,232,1451,795,0781,473,3152,403,1102,081,5602,019,1341,788,3472,486,5781,870,7632,031,4711,689,3091,894,5501,750,3311,720,111
Group/Directors Accounts20,00020,0000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities1,227,5322,003,8732,315,0301,661,3411,184,8162,039,9481,797,5881,803,7211,948,2581,959,6591,934,6171,816,9291,704,9001,759,787886,934
total current liabilities4,906,1825,656,0184,510,1083,334,6563,587,9264,121,5083,816,7223,592,0684,434,8363,830,4223,966,0883,506,2383,599,4503,510,1182,607,045
loans600,0001,000,0001,400,0001,800,00000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities96,44132,5000577,31800000000000
provisions000049,15156,90545,71753,86127,591000000
total long term liabilities696,4411,032,5001,400,0002,377,31849,15156,90545,71753,86127,591000000
total liabilities5,602,6236,688,5185,910,1085,711,9743,637,0774,178,4133,862,4393,645,9294,462,4273,830,4223,966,0883,506,2383,599,4503,510,1182,607,045
net assets9,145,0249,190,8628,691,9447,757,86013,012,50812,932,83912,575,80612,111,66911,925,59211,458,04711,138,51610,698,36610,493,38710,301,34310,058,730
total shareholders funds9,145,0249,190,8628,691,9447,757,86013,012,50812,932,83912,575,80612,111,66911,925,59211,458,04711,138,51610,698,36610,493,38710,301,34310,058,730
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit282,684910,672705,291-879,8211,267,319818,220935,712708,494934,623786,450825,814613,391514,573404,80383,919
Depreciation93,61761,55553,488273,752292,078243,663303,457217,715313,127369,438250,429299,377356,281329,200384,489
Amortisation50,00050,0024,167013,85423,75023,75023,7509,896000000
Tax100,0000115,92649,151-108,246-182,188-221,610-189,270-213,501-208,187-237,803-208,783-235,005-122,892-51,759
Stock1,076,9242,172,500474,107-3,167,900735,460162,781-242,74043,687929,449185,473-21,556-1,017,4621,009,147551,7553,631,566
Debtors-1,274,7211,932,849985,435-2,519,080309,829-741,557570,124-843,632973,138685,176461,422-254,144539,119887,0514,711,661
Creditors26,5051,437,067321,763-929,795321,55062,426230,787-698,231615,815-160,708342,162-205,241144,21930,2201,720,111
Accruals and Deferred Income-776,341-311,157653,689476,525-855,132242,360-6,133-144,537-11,40125,042117,688112,029-54,887872,853886,934
Deferred Taxes & Provisions000-49,151-7,75411,188-8,14426,27027,591000000
Cash flow from operations-25,738-1,957,210394,7824,627,641-121,6201,798,195930,435744,136-226,437-58,614858,4241,882,379-823,08575,378-5,319,533
Investing Activities
capital expenditure00000-187,216-434,000221,440-437,461-842,475-160,636-162,422-147,134-97,958-353,906
Change in Investments00-1,308,1901,328,19000000000100
cash flow from investments001,308,190-1,328,1900-187,216-434,000221,440-437,461-842,475-160,636-162,422-147,135-97,958-353,906
Financing Activities
Bank loans00200,000200,00000000000000
Group/Directors Accounts020,0000000000000000
Other Short Term Loans 000000000000000
Long term loans-400,000-400,000-400,0001,800,00000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities63,94132,500-577,318577,31800000000000
share issue00-91,666015,00000-15,00000000010,146,110
interest-64,366-47,598-22,097-20,65312,75111,55113,46711,14321,47721,83530,07431,60438,36330,44435,131
cash flow from financing-400,425-395,098-891,0812,556,66527,75111,55113,467-3,85721,47721,83530,07431,60438,36330,44410,181,241
cash and cash equivalents
cash-959,975-2,926,976593,8942,267,245-1,385,8681,330,331231,994633,729-935,118-1,177,552499,2961,515,247-1,098,439-61,5892,659,336
overdraft000000000000000
change in cash-959,975-2,926,976593,8942,267,245-1,385,8681,330,331231,994633,729-935,118-1,177,552499,2961,515,247-1,098,439-61,5892,659,336

g.f.smith & son(london),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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G.f.smith & Son(london),limited Competitor Analysis

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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 Shareholders

g f smith & son holdings ltd 100%

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).

officercountryagestartendrole
Mr Philip Alexander62 years Nov 1997- Director
Mr John HaslamEngland59 years Nov 2001- Director
Mr Glyn HoughtonUnited Kingdom61 years May 2007- Director
Mr Gareth SheekeyUnited Kingdom51 years May 2008- Director
Mrs Margaret SweeneyUnited Kingdom52 years Jul 2021- Director
Mr Benjamin WatkinsonUnited Kingdom46 years Jul 2021- Director
Mrs Charlotte Couchman36 years Mar 2023- Director

P&L

October 2023

turnover

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 2023

net 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

17230 - Manufacture of paper stationery

17120 - Manufacture of paper and paperboard

46760 - Wholesale of other intermediate products

incorporation date

January 1951

age

73

incorporated

UK

accounts

Medium Company

ultimate parent company

previous names

N/A

last accounts submitted

October 2023

address

g . f smith and son (london) ltd, lockwood street, hull, HU2 0HL

accountant

-

auditor

TOWNENDS ACCOUNTANTS LLP

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 1 charges/mortgages relating to g.f.smith & son(london),limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

g.f.smith & son(london),limited Companies House Filings - See Documents

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