t.h.baker & co.(established 1888)limited
t.h.baker & co.(established 1888)limited Company Information
Company Number
00506598
Website
http://thejewelhut.co.ukRegistered Address
churchfield house, 36 vicar street, dudley, west midlands, DY2 8RG
Industry
Retail sale of watches and jewellery in specialised stores
Retail sale via mail order houses or via Internet
Telephone
01562312225
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
t h baker group ltd 100%
t.h.baker & co.(established 1888)limited Estimated Valuation
Pomanda estimates the enterprise value of T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED at £11.2m based on a Turnover of £22.2m and 0.5x industry multiple (adjusted for size and gross margin).
t.h.baker & co.(established 1888)limited Estimated Valuation
Pomanda estimates the enterprise value of T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED at £3.5m based on an EBITDA of £603.8k and a 5.74x industry multiple (adjusted for size and gross margin).
t.h.baker & co.(established 1888)limited Estimated Valuation
Pomanda estimates the enterprise value of T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED at £5.3m based on Net Assets of £2.3m and 2.26x industry multiple (adjusted for liquidity).
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T.h.baker & Co.(established 1888)limited Overview
T.h.baker & Co.(established 1888)limited is a live company located in dudley, DY2 8RG with a Companies House number of 00506598. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in April 1952, it's largest shareholder is t h baker group ltd with a 100% stake. T.h.baker & Co.(established 1888)limited is a mature, large sized company, Pomanda has estimated its turnover at £22.2m with low growth in recent years.
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T.h.baker & Co.(established 1888)limited Health Check
Pomanda's financial health check has awarded T.H.Baker & Co.(Established 1888)Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £22.2m, make it larger than the average company (£5.2m)
£22.2m - T.h.baker & Co.(established 1888)limited
£5.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.5%)
3% - T.h.baker & Co.(established 1888)limited
8.5% - Industry AVG
Production
with a gross margin of 41.2%, this company has a comparable cost of product (35.9%)
41.2% - T.h.baker & Co.(established 1888)limited
35.9% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (5.6%)
0.8% - T.h.baker & Co.(established 1888)limited
5.6% - Industry AVG
Employees
with 132 employees, this is above the industry average (16)
132 - T.h.baker & Co.(established 1888)limited
16 - Industry AVG
Pay Structure
on an average salary of £24.7k, the company has an equivalent pay structure (£30.5k)
£24.7k - T.h.baker & Co.(established 1888)limited
£30.5k - Industry AVG
Efficiency
resulting in sales per employee of £168.2k, this is equally as efficient (£184.5k)
£168.2k - T.h.baker & Co.(established 1888)limited
£184.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - T.h.baker & Co.(established 1888)limited
- - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (36 days)
27 days - T.h.baker & Co.(established 1888)limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 375 days, this is more than average (139 days)
375 days - T.h.baker & Co.(established 1888)limited
139 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (20 weeks)
1 weeks - T.h.baker & Co.(established 1888)limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.2%, this is a higher level of debt than the average (66.4%)
85.2% - T.h.baker & Co.(established 1888)limited
66.4% - Industry AVG
t.h.baker & co.(established 1888)limited Credit Report and Business Information
T.h.baker & Co.(established 1888)limited Competitor Analysis
Perform a competitor analysis for t.h.baker & co.(established 1888)limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
t.h.baker & co.(established 1888)limited Ownership
T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED group structure
T.H.Baker & Co.(Established 1888)Limited has no subsidiary companies.
Ultimate parent company
2 parents
T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED
00506598
t.h.baker & co.(established 1888)limited directors
T.H.Baker & Co.(Established 1888)Limited currently has 7 directors. The longest serving directors include Mrs Pamela Higgs (Jul 1991) and Mr Alan Higgs (Jul 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Pamela Higgs | England | 72 years | Jul 1991 | - | Director |
| Mr Alan Higgs | United Kingdom | 73 years | Jul 1991 | - | Director |
| Mr Andrew Higgs | England | 44 years | Nov 2006 | - | Director |
| Mr Philip Higgs | England | 41 years | Jul 2011 | - | Director |
| Mr Robert Wylie | England | 40 years | Aug 2014 | - | Director |
| Mr Marc Woodall | England | 46 years | Jan 2017 | - | Director |
| Mr Nigel Oliver | England | 54 years | Nov 2020 | - | Director |
T.H.BAKER & CO.(ESTABLISHED 1888)LIMITED financials
T.H.Baker & Co.(Established 1888)Limited's latest turnover from March 2023 is £22.2 million and the company has net assets of £2.3 million. According to their latest financial statements, T.H.Baker & Co.(Established 1888)Limited has 132 employees and maintains cash reserves of £279.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,205,628 | 27,739,054 | 23,053,700 | 20,236,385 | 27,165,310 | 19,525,871 | 18,093,714 | 15,364,953 | 7,069,475 | 11,814,853 | 10,649,635 | 11,794,338 | 10,324,916 | 9,498,349 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 13,066,660 | 16,114,503 | 13,305,422 | 11,524,844 | 17,078,200 | 11,716,436 | 10,479,535 | 8,732,428 | ||||||
| Gross Profit | 9,138,968 | 11,624,551 | 9,748,278 | 8,711,541 | 10,087,110 | 7,809,435 | 7,614,179 | 6,632,525 | ||||||
| Admin Expenses | 8,971,212 | 10,990,229 | 9,148,502 | 9,868,551 | 10,025,532 | 6,632,365 | 5,174,007 | 5,690,749 | ||||||
| Operating Profit | 167,756 | 634,322 | 599,776 | -1,157,010 | 61,578 | 1,177,070 | 2,440,172 | 941,776 | -633,071 | -795,230 | -820,544 | -1,220,766 | -323,169 | 278,299 |
| Interest Payable | 0 | 0 | 0 | 25,917 | 70,691 | 86,382 | 75,213 | 56,265 | 27,549 | 24,270 | 20,534 | 30,586 | 20,070 | 19,931 |
| Interest Receivable | 10 | 0 | 2 | 88,050 | 58,907 | 25,629 | 37,871 | 754,476 | 661,539 | 2,336,112 | 1,349,193 | 1,095,000 | 530,000 | 0 |
| Pre-Tax Profit | 167,766 | 634,322 | 599,778 | -1,094,877 | 49,794 | 1,116,317 | 2,402,830 | 1,639,987 | 919 | 1,516,612 | 508,115 | 1,093,648 | 186,761 | 258,368 |
| Tax | 0 | -172,439 | 0 | 0 | 60,000 | -237,876 | -662,275 | -353,439 | -12,123 | -354,078 | -132,802 | -284,236 | -65,811 | -80,673 |
| Profit After Tax | 167,766 | 461,883 | 599,778 | -1,094,877 | 109,794 | 878,441 | 1,740,555 | 1,286,548 | -11,204 | 1,162,534 | 375,313 | 809,412 | 120,950 | 177,695 |
| Dividends Paid | 0 | 0 | 0 | 0 | 3,239,416 | 1,000,000 | 600,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 167,766 | 461,883 | 599,778 | -1,094,877 | -3,129,622 | -121,559 | 1,140,555 | 786,548 | -11,204 | 1,162,534 | 375,313 | 809,412 | 120,950 | 177,695 |
| Employee Costs | 3,258,876 | 3,414,556 | 3,106,991 | 3,188,808 | 4,515,831 | 3,134,934 | 3,071,961 | 2,767,602 | 1,664,749 | 2,376,006 | 2,157,611 | 2,240,165 | 1,512,791 | 1,309,780 |
| Number Of Employees | 132 | 154 | 168 | 151 | 137 | 152 | 143 | 132 | 109 | 95 | 90 | 85 | 75 | 75 |
| EBITDA* | 603,756 | 1,004,055 | 979,889 | -737,819 | 921,655 | 1,539,973 | 2,759,006 | 1,248,681 | -499,229 | -640,236 | -760,687 | -1,202,191 | -284,133 | 342,658 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 822,830 | 363,040 | 718,608 | 1,065,831 | 1,371,871 | 2,164,689 | 848,645 | 933,441 | 1,185,335 | 812,358 | 439,512 | 86,135 | 104,710 | 237,340 |
| Intangible Assets | 507,366 | 550,000 | 0 | 0 | 0 | 11,069 | 41,913 | 65,923 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 250 | 250 | 250 | 250 | 250 | 200 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 347,080 | 429,256 | 429,256 | 429,256 | 309,256 | 309,256 | 299,800 | 0 | 0 | 0 |
| Total Fixed Assets | 1,330,196 | 913,040 | 718,608 | 1,065,831 | 1,718,951 | 2,605,264 | 1,320,064 | 1,428,870 | 1,494,841 | 1,121,864 | 739,512 | 86,135 | 104,710 | 237,340 |
| Stock & work in progress | 13,429,349 | 13,858,415 | 10,317,063 | 11,636,138 | 7,832,391 | 8,141,938 | 8,466,208 | 7,606,572 | 6,237,491 | 4,666,549 | 4,320,567 | 3,281,322 | 2,779,519 | 2,428,634 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,942 | 5,270 | 6,762 |
| Group Debtors | 0 | 5,686 | 2,836 | 515,736 | 6,009,480 | 8,009,940 | 10,291,957 | 7,171,592 | 7,351,362 | 4,297,569 | 3,754,586 | 3,076,322 | 1,875,218 | 554,358 |
| Misc Debtors | 754,834 | 796,084 | 464,981 | 439,514 | 3,389,452 | 4,156,102 | 3,039,887 | 2,278,977 | 2,040,847 | 722,060 | 397,588 | 140,644 | 133,995 | 153,486 |
| Cash | 279,569 | 511,571 | 512,262 | 215,281 | 172,266 | 18,692 | 16,779 | 16,718 | 21,118 | 27,312 | 21,008 | 15,703 | 14,604 | 27,081 |
| misc current assets | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 |
| total current assets | 14,463,952 | 15,171,956 | 11,297,342 | 12,806,869 | 17,403,789 | 20,326,872 | 21,815,031 | 17,074,059 | 15,651,018 | 9,713,690 | 8,493,949 | 6,522,133 | 4,808,806 | 3,170,521 |
| total assets | 15,794,148 | 16,084,996 | 12,015,950 | 13,872,700 | 19,122,740 | 22,932,136 | 23,135,095 | 18,502,929 | 17,145,859 | 10,835,554 | 9,233,461 | 6,608,268 | 4,913,516 | 3,407,861 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 953,741 | 106,418 | 189,693 | 267,919 | 0 | 166,750 | 116,128 | 669,077 | 437,757 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 3,023,700 | 2,088,179 | 1,606,500 | 1,111,000 | 0 | 556,875 | 0 | 350,000 | 50,000 |
| Trade Creditors | 980,752 | 1,488,373 | 757,590 | 619,113 | 927,233 | 1,019,093 | 920,158 | 613,803 | 690,714 | 496,194 | 487,529 | 358,029 | 403,551 | 409,335 |
| Group/Directors Accounts | 11,046,215 | 9,637,667 | 7,714,957 | 10,571,792 | 14,566,410 | 11,595,838 | 13,650,403 | 10,639,011 | 10,626,722 | 4,304,904 | 3,858,397 | 2,136,971 | 1,101,952 | 1,003,397 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,424,848 | 2,784,389 | 1,734,769 | 1,378,119 | 1,306,026 | 894,943 | 882,573 | 962,345 | 631,578 | 2,449,597 | 1,786,751 | 1,996,894 | 1,191,202 | 377,388 |
| total current liabilities | 13,451,815 | 13,910,429 | 10,207,316 | 12,569,024 | 16,799,669 | 17,487,315 | 17,647,731 | 14,011,352 | 13,327,933 | 7,250,695 | 6,856,302 | 4,608,022 | 3,715,782 | 2,277,877 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 127,500 | 252,500 | 0 | 0 | 0 | 0 | 50,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,437 | 24,766 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 95,950 | 190,770 | 115,288 | 107,416 | 28,400 | 45,668 | 55,500 | 44,400 | 24,000 | 22,400 | 29,300 | 32,500 |
| total long term liabilities | 0 | 0 | 95,950 | 190,770 | 115,288 | 107,416 | 28,400 | 173,168 | 313,437 | 69,166 | 24,000 | 22,400 | 29,300 | 82,500 |
| total liabilities | 13,451,815 | 13,910,429 | 10,303,266 | 12,759,794 | 16,914,957 | 17,594,731 | 17,676,131 | 14,184,520 | 13,641,370 | 7,319,861 | 6,880,302 | 4,630,422 | 3,745,082 | 2,360,377 |
| net assets | 2,342,333 | 2,174,567 | 1,712,684 | 1,112,906 | 2,207,783 | 5,337,405 | 5,458,964 | 4,318,409 | 3,504,489 | 3,515,693 | 2,353,159 | 1,977,846 | 1,168,434 | 1,047,484 |
| total shareholders funds | 2,342,333 | 2,174,567 | 1,712,684 | 1,112,906 | 2,207,783 | 5,337,405 | 5,458,964 | 4,318,409 | 3,504,489 | 3,515,693 | 2,353,159 | 1,977,846 | 1,168,434 | 1,047,484 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 167,756 | 634,322 | 599,776 | -1,157,010 | 61,578 | 1,177,070 | 2,440,172 | 941,776 | -633,071 | -795,230 | -820,544 | -1,220,766 | -323,169 | 278,299 |
| Depreciation | 290,210 | 369,733 | 379,476 | 419,191 | 849,008 | 362,903 | 318,834 | 306,905 | 133,842 | 154,994 | 59,857 | 18,575 | 39,036 | 50,109 |
| Amortisation | 145,790 | 0 | 637 | 0 | 11,069 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14,250 |
| Tax | 0 | -172,439 | 0 | 0 | 60,000 | -237,876 | -662,275 | -353,439 | -12,123 | -354,078 | -132,802 | -284,236 | -65,811 | -80,673 |
| Stock | -429,066 | 3,541,352 | -1,319,075 | 3,803,747 | 7,832,391 | -324,270 | 859,636 | 1,369,081 | 1,916,924 | 345,982 | 1,039,245 | 501,803 | 350,885 | 2,428,634 |
| Debtors | -46,936 | 333,953 | -487,433 | -8,790,762 | 9,746,012 | -1,165,802 | 3,881,275 | 178,360 | 5,249,491 | 876,911 | 1,227,066 | 1,210,425 | 1,299,877 | 714,606 |
| Creditors | -507,621 | 730,783 | 138,477 | -308,120 | 927,233 | 98,935 | 306,355 | -76,911 | 203,185 | 8,665 | 129,500 | -45,522 | -5,784 | 409,335 |
| Accruals and Deferred Income | -1,359,541 | 1,049,620 | 356,650 | 72,093 | 1,306,026 | 12,370 | -79,772 | 330,767 | -1,155,173 | 662,846 | -210,143 | 805,692 | 813,814 | 377,388 |
| Deferred Taxes & Provisions | 0 | -95,950 | -94,820 | 75,482 | 115,288 | 79,016 | -17,268 | -9,832 | 31,500 | 20,400 | 1,600 | -6,900 | -3,200 | 32,500 |
| Cash flow from operations | -787,404 | -1,359,236 | 3,186,704 | 4,088,651 | -14,248,201 | 2,982,490 | -2,434,865 | -408,175 | -8,598,255 | -1,525,296 | -3,238,843 | -2,445,385 | -1,195,876 | -2,062,032 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 | 50 | 200 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 935,521 | 481,679 | 495,500 | 554,125 | -556,875 | 556,875 | -350,000 | 300,000 | 50,000 |
| Group/Directors Accounts | 1,408,548 | 1,922,710 | -2,856,835 | -3,994,618 | 14,566,410 | -2,054,565 | 3,011,392 | 12,289 | 6,768,325 | 446,507 | 1,721,426 | 1,035,019 | 98,555 | 1,003,397 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -127,500 | -125,000 | 252,500 | 0 | 0 | 0 | -50,000 | 50,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,437 | 5,437 | 24,766 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 10 | 0 | 2 | 62,133 | -11,784 | -60,753 | -37,342 | 698,211 | 633,990 | 2,311,842 | 1,328,659 | 1,064,414 | 509,930 | -19,931 |
| cash flow from financing | 1,408,558 | 1,922,710 | -2,856,833 | -3,932,485 | 19,892,031 | -1,179,797 | 3,328,229 | 1,102,935 | 9,376,911 | 2,226,240 | 3,606,960 | 1,749,433 | 858,485 | 1,953,255 |
| cash and cash equivalents | ||||||||||||||
| cash | -232,002 | -691 | 296,981 | 43,015 | 172,266 | 1,913 | 61 | -4,400 | 110 | 6,304 | 5,305 | 1,099 | -12,477 | 27,081 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 847,323 | -83,275 | -78,226 | 101,169 | -166,750 | 50,622 | -552,949 | 231,320 | 437,757 |
| change in cash | -232,002 | -691 | 296,981 | 43,015 | 172,266 | -845,410 | 83,336 | 73,826 | -101,059 | 173,054 | -45,317 | 554,048 | -243,797 | -410,676 |
P&L
March 2023turnover
22.2m
-20%
operating profit
167.8k
-74%
gross margin
41.2%
-1.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.3m
+0.08%
total assets
15.8m
-0.02%
cash
279.6k
-0.45%
net assets
Total assets minus all liabilities
t.h.baker & co.(established 1888)limited company details
company number
00506598
Type
Private limited with Share Capital
industry
47770 - Retail sale of watches and jewellery in specialised stores
47910 - Retail sale via mail order houses or via Internet
incorporation date
April 1952
age
72
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
churchfield house, 36 vicar street, dudley, west midlands, DY2 8RG
last accounts submitted
March 2023
t.h.baker & co.(established 1888)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 11 charges/mortgages relating to t.h.baker & co.(established 1888)limited. Currently there are 4 open charges and 7 have been satisfied in the past.
t.h.baker & co.(established 1888)limited Companies House Filings - See Documents
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