thomas ford (smithfield) limited

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thomas ford (smithfield) limited Company Information

Share THOMAS FORD (SMITHFIELD) LIMITED

Company Number

00512971

Shareholders

mr s.r. ford

mrs p.a. ford

Group Structure

View All

Industry

Other retail sale in non-specialised stores

 

Registered Address

23 smithfield street, london, EC1A 9LF

thomas ford (smithfield) limited Estimated Valuation

£873.4k

Pomanda estimates the enterprise value of THOMAS FORD (SMITHFIELD) LIMITED at £873.4k based on a Turnover of £2.1m and 0.42x industry multiple (adjusted for size and gross margin).

thomas ford (smithfield) limited Estimated Valuation

£841.5k

Pomanda estimates the enterprise value of THOMAS FORD (SMITHFIELD) LIMITED at £841.5k based on an EBITDA of £207.7k and a 4.05x industry multiple (adjusted for size and gross margin).

thomas ford (smithfield) limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of THOMAS FORD (SMITHFIELD) LIMITED at £2.4m based on Net Assets of £781.6k and 3.02x industry multiple (adjusted for liquidity).

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Thomas Ford (smithfield) Limited Overview

Thomas Ford (smithfield) Limited is a live company located in london, EC1A 9LF with a Companies House number of 00512971. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in November 1952, it's largest shareholder is mr s.r. ford with a 99.6% stake. Thomas Ford (smithfield) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with low growth in recent years.

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Thomas Ford (smithfield) Limited Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £2.1m, make it larger than the average company (£1.1m)

£2.1m - Thomas Ford (smithfield) Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (13.7%)

3% - Thomas Ford (smithfield) Limited

13.7% - Industry AVG

production

Production

with a gross margin of 45.4%, this company has a comparable cost of product (45.4%)

45.4% - Thomas Ford (smithfield) Limited

45.4% - Industry AVG

profitability

Profitability

an operating margin of 8.9% make it more profitable than the average company (5.9%)

8.9% - Thomas Ford (smithfield) Limited

5.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (24)

3 - Thomas Ford (smithfield) Limited

24 - Industry AVG

paystructure

Pay Structure

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

£20.7k - Thomas Ford (smithfield) Limited

£20.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £692.6k, this is more efficient (£90.4k)

£692.6k - Thomas Ford (smithfield) Limited

£90.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is later than average (9 days)

36 days - Thomas Ford (smithfield) Limited

9 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 63 days, this is slower than average (31 days)

63 days - Thomas Ford (smithfield) Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (78 days)

4 days - Thomas Ford (smithfield) Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (28 weeks)

11 weeks - Thomas Ford (smithfield) Limited

28 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.3%, this is a similar level of debt than the average (66.8%)

70.3% - Thomas Ford (smithfield) Limited

66.8% - Industry AVG

THOMAS FORD (SMITHFIELD) LIMITED financials

EXPORTms excel logo

Thomas Ford (Smithfield) Limited's latest turnover from March 2024 is estimated at £2.1 million and the company has net assets of £781.6 thousand. According to their latest financial statements, Thomas Ford (Smithfield) Limited has 3 employees and maintains cash reserves of £296.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Turnover2,077,8351,374,9051,544,7991,894,080522,4521,179,121801,6081,088,503745,783586,3962,264,1641,628,0551,416,2851,734,857
Other Income Or Grants
Cost Of Sales1,133,899765,403883,5601,098,170284,778643,977437,295597,860665,834493,2491,275,301933,190804,428994,397
Gross Profit943,936609,502661,239795,910237,674535,144364,313490,64479,94993,147988,863694,865611,857740,460
Admin Expenses760,082458,915528,069641,851108,066458,824398,476241,249-15,87831,372968,158662,353295,619740,75774
Operating Profit183,854150,587133,170154,059129,60876,320-34,163249,39595,82761,77520,70532,512316,238-297-74
Interest Payable73,67573,21752,84552,30156,57167,02168,77470,18228,28037,124
Interest Receivable19,33418,6282,752187513472369210224527276160628
Pre-Tax Profit129,51395,99883,077101,94473,0889,646-102,701179,30567,55724,65320,95132,784316,314-137
Tax-32,378-18,240-15,785-19,369-13,887-1,833-35,861-13,777-5,427-4,819-7,868-82,242
Profit After Tax97,13577,75867,29282,57559,2017,813-102,701143,44453,78019,22616,13224,916234,072-137
Dividends Paid
Retained Profit97,13577,75867,29282,57559,2017,813-102,701143,44453,78019,22616,13224,916234,072-137
Employee Costs62,19176,72976,81372,31173,547275,353187,51466,90155,50354,813476,805333,649303,626358,775
Number Of Employees34444151143329211923
EBITDA*207,709171,406155,337174,950151,02696,982-3,534259,871100,47967,14925,65236,630322,1645,0976,159

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Tangible Assets2,118,4892,111,0572,131,4512,212,5212,269,2932,291,4592,143,8122,152,6472,094,6232,097,1502,092,2812,095,1032,097,0962,100,3662,103,635
Intangible Assets4258501,2751,7002,1258,50010,62512,75014,87517,00019,65621,781
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets2,118,4892,111,4822,132,3012,213,7962,270,9932,293,5842,143,8122,152,6472,103,1232,107,7752,105,0312,109,9782,114,0962,120,0222,125,416
Stock & work in progress12,48715,43314,24415,56618,66320,52918,66318,66314,35613,85614,35613,85660,11970,11892,321
Trade Debtors206,596146,881150,885152,80233,18388,22167,553116,50485,469139,537109,94661,93655,15068,431142,044
Group Debtors
Misc Debtors93,61517,124106,14477,026
Cash296,318440,219436,381297,43575,73325,75566,85027,69345,76519,57178,54230,39734,27929,679
misc current assets77,440
total current assets515,401602,533601,510465,803221,194151,629259,210239,886145,590230,833143,873154,334145,666172,828264,044
total assets2,633,8902,714,0152,733,8112,679,5992,492,1872,445,2132,403,0222,392,5332,248,7132,338,6082,248,9042,264,3122,259,7622,292,8502,389,460
Bank overdraft72,00073,03466,00066,00066,00095,98537,055
Bank loan72,00072,00066,00095,985
Trade Creditors 196,512137,052219,546182,80477,06866,11344,32863,89855,01341,678314,013335,469305,510309,232365,533
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities1,029,2851,209,1331,162,2131,136,8511,063,942850,927773,501575,251223,340249,785
total current liabilities1,297,7971,419,2191,453,7591,391,6551,207,010983,040883,829705,149374,338424,503314,013335,469305,510309,232365,533
loans554,450610,288673,302748,486828,294894,491959,3241,024,8141,059,0241,448,759
hp & lease commitments
Accruals and Deferred Income
other liabilities296,2251,488,7711,498,8551,549,1801,619,6391,659,811
provisions
total long term liabilities554,450610,288673,302748,486828,294894,491959,3241,024,8141,355,2491,448,7591,488,7711,498,8551,549,1801,619,6391,659,811
total liabilities1,852,2472,029,5072,127,0612,140,1412,035,3041,877,5311,843,1531,729,9631,729,5871,873,2621,802,7841,834,3241,854,6901,928,8712,025,344
net assets781,643684,508606,750539,458456,883567,682559,869662,570519,126465,346446,120429,988405,072363,979364,116
total shareholders funds781,643684,508606,750539,458456,883567,682559,869662,570519,126465,346446,120429,988405,072363,979364,116
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Operating Activities
Operating Profit183,854150,587133,170154,059129,60876,320-34,163249,39595,82761,77520,70532,512316,238-297-74
Depreciation23,43020,39421,74220,46620,99320,66230,6291,9762,5273,2492,8221,9933,2703,2694,108
Amortisation4254254254254258,5002,1252,1252,1252,1252,6562,1252,125
Tax-32,378-18,240-15,785-19,369-13,887-1,833-35,861-13,777-5,427-4,819-7,868-82,242
Stock-2,9461,189-1,322-3,097-1,8661,8664,307500-500500-46,26360,119-22,20392,321
Debtors59,715-4,004-1,91726,00421,453-68,352-19,833108,061-54,06829,59148,0106,78655,150-73,613142,044
Creditors59,460-82,49436,742105,73610,95521,785-19,5708,88513,335-272,335-21,45629,959305,510-56,301365,533
Accruals and Deferred Income-179,84846,92025,36272,909213,01577,426198,250351,911-26,445249,785
Deferred Taxes & Provisions
Cash flow from operations-1,826120,407204,895311,319341,522260,846194,979472,438127,16010,081-49,13398,198430,16344,612137,327
Investing Activities
capital expenditure-30,86259,32836,3061,173-170,434-21,794-60,000-8,118-2,120,022-2,131,649
Change in Investments
cash flow from investments-30,86259,32836,3061,173-170,434-21,794-60,000-8,118-2,120,022-2,131,649
Financing Activities
Bank loans-72,0006,00066,000-95,98595,985
Group/Directors Accounts
Other Short Term Loans
Long term loans-55,838-63,014-75,184-79,808-66,197-64,833-65,490-34,210-389,7351,448,759
Hire Purchase and Lease Commitments
other long term liabilities-296,225296,225-1,488,771-10,084-50,3251,549,180-40,1721,659,811
share issue-170,000171,000364,116
interest-54,341-54,589-50,093-52,114-56,520-66,674-68,538-70,090-28,270-37,12224527276160628
cash flow from financing-110,179-189,603-125,277-125,922-226,717-131,507-134,028-400,525-217,76518,851-9,839-50,0531,720,256-40,0122,024,555
cash and cash equivalents
cash-143,9013,838138,946221,70249,978-41,09539,157-18,07245,765-19,571-58,97148,14530,3974,60029,679
overdraft-1,03473,034-66,000-29,98558,93037,055
change in cash-142,867-69,196138,946221,702115,978-41,09539,15711,913-13,165-56,626-58,97148,14530,3974,60029,679

thomas ford (smithfield) 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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Thomas Ford (smithfield) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for thomas ford (smithfield) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in EC1A area or any other competitors across 12 key performance metrics.

thomas ford (smithfield) limited Ownership

THOMAS FORD (SMITHFIELD) LIMITED group structure

Thomas Ford (Smithfield) Limited has no subsidiary companies.

Ultimate parent company

THOMAS FORD (SMITHFIELD) LIMITED

00512971

THOMAS FORD (SMITHFIELD) LIMITED Shareholders

mr s.r. ford 99.6%
mrs p.a. ford 0.4%

thomas ford (smithfield) limited directors

Thomas Ford (Smithfield) Limited currently has 2 directors. The longest serving directors include Mr Stephen Ford (Jun 1991) and Miss Lesley Archard (Feb 2009).

officercountryagestartendrole
Mr Stephen FordEngland73 years Jun 1991- Director
Miss Lesley Archard69 years Feb 2009- Director

P&L

March 2024

turnover

2.1m

+51%

operating profit

183.9k

0%

gross margin

45.5%

+2.48%

turnover

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

Balance Sheet

March 2024

net assets

781.6k

+0.14%

total assets

2.6m

-0.03%

cash

296.3k

-0.33%

net assets

Total assets minus all liabilities

thomas ford (smithfield) limited company details

company number

00512971

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

November 1952

age

73

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

TC GROUP

auditor

-

address

23 smithfield street, london, EC1A 9LF

Bank

-

Legal Advisor

-

thomas ford (smithfield) 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 4 charges/mortgages relating to thomas ford (smithfield) limited. Currently there are 4 open charges and 0 have been satisfied in the past.

thomas ford (smithfield) 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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thomas ford (smithfield) limited Companies House Filings - See Documents

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