timsons limited
timsons limited Company Information
Company Number
00514948
Next Accounts
Dec 2024
Industry
Manufacture of other special-purpose machinery n.e.c.
Shareholders
e a t (holdings) ltd
p.t.m. wilson
Group Structure
View All
Contact
Registered Address
100 st. james road, northampton, NN5 5LF
Website
timsons.comtimsons limited Estimated Valuation
Pomanda estimates the enterprise value of TIMSONS LIMITED at £4.1m based on a Turnover of £6.9m and 0.59x industry multiple (adjusted for size and gross margin).
timsons limited Estimated Valuation
Pomanda estimates the enterprise value of TIMSONS LIMITED at £720.3k based on an EBITDA of £163.7k and a 4.4x industry multiple (adjusted for size and gross margin).
timsons limited Estimated Valuation
Pomanda estimates the enterprise value of TIMSONS LIMITED at £1.8m based on Net Assets of £835.1k and 2.15x industry multiple (adjusted for liquidity).
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Timsons Limited Overview
Timsons Limited is a dissolved company that was located in northampton, NN5 5LF with a Companies House number of 00514948. It operated in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in January 1953, it's largest shareholder was e a t (holdings) ltd with a 99.5% stake. The last turnover for Timsons Limited was estimated at £6.9m.
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Timsons Limited Health Check
Pomanda's financial health check has awarded Timsons Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
9 Weak
Size
annual sales of £6.9m, make it smaller than the average company (£8.8m)
£6.9m - Timsons Limited
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (8.4%)
-28% - Timsons Limited
8.4% - Industry AVG
Production
with a gross margin of 22.9%, this company has a higher cost of product (33%)
22.9% - Timsons Limited
33% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (6.8%)
-0.8% - Timsons Limited
6.8% - Industry AVG
Employees
with 109 employees, this is above the industry average (76)
109 - Timsons Limited
76 - Industry AVG
Pay Structure
on an average salary of £33k, the company has an equivalent pay structure (£40k)
£33k - Timsons Limited
£40k - Industry AVG
Efficiency
resulting in sales per employee of £63.7k, this is less efficient (£159.4k)
£63.7k - Timsons Limited
£159.4k - Industry AVG
Debtor Days
it gets paid by customers after 145 days, this is later than average (62 days)
145 days - Timsons Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (47 days)
46 days - Timsons Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 117 days, this is more than average (67 days)
117 days - Timsons Limited
67 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)
4 weeks - Timsons Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.9%, this is a higher level of debt than the average (53.7%)
84.9% - Timsons Limited
53.7% - Industry AVG
TIMSONS LIMITED financials
Timsons Limited's latest turnover from March 2014 is £6.9 million and the company has net assets of £835.1 thousand. According to their latest financial statements, Timsons Limited has 109 employees and maintains cash reserves of £413.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Turnover | 6,945,169 | 12,842,026 | 10,390,031 | 18,740,576 | 5,322,256 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,354,947 | 11,513,877 | 7,243,076 | 15,141,047 | 4,981,911 |
| Gross Profit | 1,590,222 | 1,328,149 | 3,146,955 | 3,599,529 | 340,345 |
| Admin Expenses | 1,648,620 | 3,461,405 | 3,165,898 | 3,203,564 | 2,411,018 |
| Operating Profit | -58,398 | -2,133,256 | -18,943 | 395,965 | -2,070,673 |
| Interest Payable | 1,201,000 | 1,221,000 | 1,292,000 | 1,276,000 | 0 |
| Interest Receivable | 1,506,350 | 1,418,976 | 1,448,133 | 1,636,259 | 107,514 |
| Pre-Tax Profit | 246,952 | -1,935,280 | 137,190 | 756,224 | -2,032,159 |
| Tax | -250,873 | 21,488 | -88,413 | -281,778 | 497,455 |
| Profit After Tax | -3,921 | -1,913,792 | 48,777 | 474,446 | -1,534,704 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,921 | -1,913,792 | 48,777 | 474,446 | -1,534,704 |
| Employee Costs | 3,599,839 | 5,981,592 | 5,329,543 | 5,334,561 | 4,322,983 |
| Number Of Employees | 109 | 153 | 153 | 159 | 160 |
| EBITDA* | 163,677 | -1,904,410 | 209,902 | 624,812 | -1,841,827 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 343,049 | 565,124 | 793,970 | 1,022,815 | 1,251,662 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 40,497 | 44,370 | 47,854 | 118,284 | 404,937 |
| Total Fixed Assets | 383,546 | 609,494 | 841,824 | 1,141,099 | 1,656,599 |
| Stock & work in progress | 1,718,753 | 724,939 | 1,973,552 | 381,330 | 1,709,470 |
| Trade Debtors | 2,775,439 | 6,158,645 | 3,007,728 | 3,695,976 | 2,317,395 |
| Group Debtors | 76,474 | 69,740 | 111,092 | 39,996 | 138,056 |
| Misc Debtors | 142,673 | 138,349 | 416,733 | 233,368 | 927,765 |
| Cash | 413,673 | 1,559,468 | 1,747,532 | 2,073,798 | 423,374 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,127,012 | 8,651,141 | 7,256,637 | 6,424,468 | 5,516,060 |
| total assets | 5,510,558 | 9,260,635 | 8,098,461 | 7,565,567 | 7,172,659 |
| Bank overdraft | 0 | 0 | 0 | 0 | 99,826 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 676,719 | 2,086,548 | 1,965,690 | 3,631,940 | 1,443,984 |
| Group/Directors Accounts | 3,300,000 | 4,400,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 530,715 | 1,019,042 | 2,439,934 | 269,567 | 2,455,235 |
| total current liabilities | 4,507,434 | 7,505,590 | 4,405,624 | 3,901,507 | 3,999,045 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 168,000 | 1,303,000 | 773,000 | 146,000 | 449,000 |
| total liabilities | 4,675,434 | 8,808,590 | 5,178,624 | 4,047,507 | 4,448,045 |
| net assets | 835,124 | 452,045 | 2,919,837 | 3,518,060 | 2,724,614 |
| total shareholders funds | 835,124 | 452,045 | 2,919,837 | 3,518,060 | 2,724,614 |
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -58,398 | -2,133,256 | -18,943 | 395,965 | -2,070,673 |
| Depreciation | 222,075 | 228,846 | 228,845 | 228,847 | 228,846 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -250,873 | 21,488 | -88,413 | -281,778 | 497,455 |
| Stock | 993,814 | -1,248,613 | 1,592,222 | -1,328,140 | 1,709,470 |
| Debtors | -3,376,021 | 2,827,697 | -504,217 | 299,471 | 3,788,153 |
| Creditors | -1,409,829 | 120,858 | -1,666,250 | 2,187,956 | 1,443,984 |
| Accruals and Deferred Income | -488,327 | -1,420,892 | 2,170,367 | -2,185,668 | 2,455,235 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 396,855 | -4,762,040 | -462,399 | 1,373,991 | -2,942,776 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,100,000 | 4,400,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 305,350 | 197,976 | 156,133 | 360,259 | 107,514 |
| cash flow from financing | -407,650 | 4,043,976 | -490,867 | 679,259 | 4,366,832 |
| cash and cash equivalents | |||||
| cash | -1,145,795 | -188,064 | -326,266 | 1,650,424 | 423,374 |
| overdraft | 0 | 0 | 0 | -99,826 | 99,826 |
| change in cash | -1,145,795 | -188,064 | -326,266 | 1,750,250 | 323,548 |
timsons limited Credit Report and Business Information
Timsons Limited Competitor Analysis
Perform a competitor analysis for timsons limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in NN5 area or any other competitors across 12 key performance metrics.
timsons limited Ownership
TIMSONS LIMITED group structure
Timsons Limited has no subsidiary companies.
timsons limited directors
Timsons Limited currently has 5 directors. The longest serving directors include Mrs Elizabeth Brown (Nov 1991) and Mr Jeffrey Ward (Apr 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Elizabeth Brown | United Kingdom | 80 years | Nov 1991 | - | Director |
| Mr Jeffrey Ward | England | 62 years | Apr 1999 | - | Director |
| Mr David Brown | United Kingdom | 52 years | Nov 2011 | - | Director |
| Mr Andrew Brown | United Kingdom | 50 years | Oct 2013 | - | Director |
| Mr Christopher Brown | Scotland | 44 years | Mar 2014 | - | Director |
P&L
March 2014turnover
6.9m
-46%
operating profit
-58.4k
-97%
gross margin
22.9%
+121.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2014net assets
835.1k
+0.85%
total assets
5.5m
-0.4%
cash
413.7k
-0.73%
net assets
Total assets minus all liabilities
timsons limited company details
company number
00514948
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
January 1953
age
71
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2014
previous names
N/A
accountant
-
auditor
-
address
100 st. james road, northampton, NN5 5LF
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
timsons 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 timsons limited. Currently there are 0 open charges and 1 have been satisfied in the past.
timsons 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 TIMSONS LIMITED. This can take several minutes, an email will notify you when this has completed.
timsons limited Companies House Filings - See Documents
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