Pomanda estimates the enterprise value of SMITH MEANS LIMITED at £504.1k based on a Turnover of £1.3m and 0.39x industry multiple (adjusted for size and gross margin).
smith means limitedEstimated Valuation
£784.7k
Pomanda estimates the enterprise value of SMITH MEANS LIMITED at £784.7k based on an EBITDA of £314.6k and a 2.49x industry multiple (adjusted for size and gross margin).
smith means limitedEstimated Valuation
£4.6m
Pomanda estimates the enterprise value of SMITH MEANS LIMITED at £4.6m based on Net Assets of £3m and 1.5x industry multiple (adjusted for liquidity).
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Smith Means LimitedOverview
Smith Means Limited is a live company located in outwell wisbech, PE14 8QQ with a Companies House number of 00530908. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in March 1954, it's largest shareholder is
richard james smith means
with a 74.9% stake. Smith Means Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.3m with
high
growth in recent years.
Pomanda's financial health check has awarded Smith Means Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
1 Regular
6 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£4.9m)
£1.3m - Smith Means Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (7.4%)
15% - Smith Means Limited
7.4% - Industry AVG
Production
with a gross margin of 17.3%, this company has a higher cost of product (31.4%)
17.3% - Smith Means Limited
31.4% - Industry AVG
Profitability
an operating margin of 21% make it more profitable than the average company (9.2%)
21% - Smith Means Limited
9.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (40)
6 - Smith Means Limited
40 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
£36.8k - Smith Means Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £215.2k, this is more efficient (£170.5k)
£215.2k - Smith Means Limited
£170.5k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (35 days)
100 days - Smith Means Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 124 days, this is slower than average (42 days)
124 days - Smith Means Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 313 days, this is more than average (92 days)
313 days - Smith Means Limited
92 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Smith Means Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25%, this is a lower level of debt than the average (47.4%)
25% - Smith Means Limited
47.4% - Industry AVG
SMITH MEANS LIMITED financials
EXPORT
Smith Means Limited's latest turnover from January 2024 is estimated at £1.3 million and the company has net assets of £3 million. According to their latest financial statements, Smith Means Limited has 6 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Jan 2023
Jan 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Turnover
1,291,229
1,245,451
1,092,390
847,046
959,895
598,732
442,065
491,263
685,313
1,260,646
1,719,038
1,059,649
990,102
467,812
286,370
Other Income Or Grants
Cost Of Sales
1,068,178
1,071,818
946,744
725,344
826,219
507,151
368,875
418,659
575,193
1,009,833
1,388,578
832,659
784,284
381,945
232,898
Gross Profit
223,051
173,633
145,646
121,702
133,676
91,581
73,190
72,604
110,121
250,813
330,459
226,990
205,818
85,866
53,472
Admin Expenses
-47,524
-299,503
31,381
50,627
-137,003
-116,462
11,469
-66,193
10,549
206,022
-106,433
120,993
-38,087
-23,464
-1,474,504
Operating Profit
270,575
473,136
114,265
71,075
270,679
208,043
61,721
138,797
99,572
44,791
436,892
105,997
243,905
109,330
1,527,976
Interest Payable
12,453
24,285
23,985
30,212
18,829
22,331
42,036
19,705
Interest Receivable
263
62
25
Pre-Tax Profit
270,837
473,136
114,327
71,100
258,226
183,758
37,736
108,585
80,743
44,791
436,892
105,997
221,574
67,294
1,508,271
Tax
-67,709
-89,896
-21,722
-13,509
-49,063
-34,914
-7,170
-21,717
-16,148
-9,406
-100,485
-25,439
-57,609
-18,842
-422,316
Profit After Tax
203,128
383,240
92,605
57,591
209,163
148,844
30,566
86,868
64,594
35,385
336,407
80,558
163,965
48,452
1,085,955
Dividends Paid
Retained Profit
203,128
383,240
92,605
57,591
209,163
148,844
30,566
86,868
64,594
35,385
336,407
80,558
163,965
48,452
1,085,955
Employee Costs
220,553
209,639
198,646
189,571
211,642
232,997
192,640
161,240
203,470
144,395
197,330
111,958
109,625
81,380
54,735
Number Of Employees
6
6
6
6
7
8
7
6
7
5
7
4
4
3
2
EBITDA*
314,571
605,785
248,569
200,348
384,185
350,193
206,854
214,553
229,523
173,262
546,173
203,072
349,175
211,162
1,632,519
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Jan 2023
Jan 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Tangible Assets
2,701,050
1,948,751
1,923,080
1,870,935
1,762,307
1,857,684
1,871,137
1,848,890
1,810,919
1,792,380
1,650,826
1,447,978
1,473,397
1,463,956
1,472,917
Intangible Assets
Investments & Other
62,312
62,312
81,371
83,371
85,371
87,371
89,371
91,371
93,371
95,371
69,890
70,890
Debtors (Due After 1 year)
Total Fixed Assets
2,763,362
2,011,063
1,923,080
1,870,935
1,762,307
1,939,055
1,954,508
1,934,261
1,898,290
1,881,751
1,742,197
1,541,349
1,568,768
1,533,846
1,543,807
Stock & work in progress
918,257
1,043,453
691,453
558,802
700,204
618,669
464,960
538,046
527,121
585,495
693,162
618,271
482,663
421,968
320,257
Trade Debtors
357,158
297,087
309,646
245,545
243,838
202,330
113,167
135,179
253,743
207,610
299,212
126,412
195,662
116,407
67,460
Group Debtors
Misc Debtors
83,133
118,392
84,846
75,928
Cash
10,000
49,364
123
misc current assets
total current assets
1,285,415
1,340,540
1,001,099
853,711
944,042
904,132
696,519
758,071
856,792
793,105
992,374
744,683
678,325
538,375
387,840
total assets
4,048,777
3,351,603
2,924,179
2,724,646
2,706,349
2,843,187
2,651,027
2,692,332
2,755,082
2,674,856
2,734,571
2,286,032
2,247,093
2,072,221
1,931,647
Bank overdraft
266,988
223,070
234,428
400,856
406,611
300,307
Bank loan
25,500
25,500
25,500
25,500
Trade Creditors
363,702
326,881
295,585
149,422
245,090
24,495
26,657
30,508
30,851
501,273
688,266
629,009
622,737
179,869
133,277
Group/Directors Accounts
other short term finances
hp & lease commitments
94,933
68,961
83,873
77,317
other current liabilities
106,921
56,682
68,961
47,436
total current liabilities
363,702
326,881
295,585
149,422
245,090
518,837
400,870
443,270
581,960
501,273
688,266
629,009
622,737
586,480
433,584
loans
76,500
102,000
127,500
153,000
280,500
306,000
hp & lease commitments
28,720
76,455
75,966
69,414
Accruals and Deferred Income
other liabilities
314,460
45,000
37,499
87,167
51,000
288,779
239,408
229,500
272,209
22,500
62,303
provisions
334,320
146,555
141,168
130,735
110,528
128,562
129,978
134,438
126,418
125,108
82,586
39,619
44,801
39,360
34,831
total long term liabilities
648,780
191,555
178,667
217,902
161,528
233,782
308,433
337,904
348,832
413,887
321,994
269,119
317,010
342,360
403,134
total liabilities
1,012,482
518,436
474,252
367,324
406,618
752,619
709,303
781,174
930,792
915,160
1,010,260
898,128
939,747
928,840
836,718
net assets
3,036,295
2,833,167
2,449,927
2,357,322
2,299,731
2,090,568
1,941,724
1,911,158
1,824,290
1,759,696
1,724,311
1,387,904
1,307,346
1,143,381
1,094,929
total shareholders funds
3,036,295
2,833,167
2,449,927
2,357,322
2,299,731
2,090,568
1,941,724
1,911,158
1,824,290
1,759,696
1,724,311
1,387,904
1,307,346
1,143,381
1,094,929
Jan 2024
Jan 2023
Jan 2022
Jan 2021
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Jan 2015
Jan 2014
Jan 2013
Jan 2012
Jan 2011
Jan 2010
Operating Activities
Operating Profit
270,575
473,136
114,265
71,075
270,679
208,043
61,721
138,797
99,572
44,791
436,892
105,997
243,905
109,330
1,527,976
Depreciation
43,996
132,649
134,304
129,273
113,506
142,150
145,133
75,756
129,951
128,471
109,281
97,075
105,270
101,832
104,543
Amortisation
Tax
-67,709
-89,896
-21,722
-13,509
-49,063
-34,914
-7,170
-21,717
-16,148
-9,406
-100,485
-25,439
-57,609
-18,842
-422,316
Stock
-125,196
352,000
132,651
-141,402
81,535
153,709
-73,086
10,925
-58,374
-107,667
74,891
135,608
60,695
101,711
320,257
Debtors
60,071
-12,559
64,101
1,707
-41,625
53,904
11,534
-109,646
122,061
-91,602
172,800
-69,250
79,255
48,947
67,460
Creditors
36,821
31,296
146,163
-95,668
220,595
-2,162
-3,851
-343
-470,422
-186,993
59,257
6,272
442,868
46,592
133,277
Accruals and Deferred Income
-106,921
50,239
-12,279
21,525
47,436
Deferred Taxes & Provisions
187,765
5,387
10,433
20,207
-18,034
-1,416
-4,460
8,020
1,310
42,522
42,967
-5,182
5,441
4,529
34,831
Cash flow from operations
536,573
213,131
186,691
251,073
390,852
154,327
240,646
320,759
-271,988
218,654
300,221
112,365
599,925
92,783
990,594
Investing Activities
capital expenditure
-796,295
-158,320
-186,449
-237,901
-18,129
-128,697
-167,380
-113,727
-148,490
-270,025
-312,129
-71,656
-114,711
-92,871
-1,577,460
Change in Investments
62,312
-81,371
-2,000
-2,000
-2,000
-2,000
-2,000
-2,000
-2,000
25,481
-1,000
70,890
cash flow from investments
-796,295
-220,632
-186,449
-237,901
63,242
-126,697
-165,380
-111,727
-146,490
-268,025
-310,129
-69,656
-140,192
-91,871
-1,648,350
Financing Activities
Bank loans
-25,500
25,500
Group/Directors Accounts
Other Short Term Loans
Long term loans
-76,500
-25,500
-25,500
-25,500
153,000
-280,500
-25,500
306,000
Hire Purchase and Lease Commitments
-123,653
-21,763
-14,423
13,108
146,731
other long term liabilities
269,460
7,501
-49,668
36,167
51,000
-288,779
49,371
9,908
-42,709
249,709
-39,803
62,303
share issue
8,974
interest
263
62
25
-12,453
-24,285
-23,985
-30,212
-18,829
-22,331
-42,036
-19,705
cash flow from financing
269,723
7,501
-49,606
36,192
-187,106
-71,548
-63,908
-42,604
17,623
49,371
9,908
-42,709
-53,122
-107,339
357,572
cash and cash equivalents
cash
10,000
-49,364
49,364
-123
123
overdraft
-266,988
43,918
-11,358
-166,428
400,856
-406,611
106,304
300,307
change in cash
10,000
-49,364
49,364
266,988
-43,918
11,358
166,428
-400,856
406,611
-106,427
-300,184
smith means limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for smith means limited. Get real-time insights into smith means limited's credit score, group structure and payment trends.
Perform a competitor analysis for smith means limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in PE14 area or any other competitors across 12 key performance metrics.
smith means limited Ownership
SMITH MEANS LIMITED group structure
Smith Means Limited has no subsidiary companies.
Ultimate parent company
SMITH MEANS LIMITED
00530908
SMITH MEANS LIMITED Shareholders
The largest shareholders in Smith Means Limited include Richard James Smith Means and Roger Smith Means.
richard james smith means
74.9%
roger smith means
25.1%
smith means limited directors
Smith Means Limited currently has 2 directors.
The longest serving directors include
Mr Roger Means (Jan 1992) and
Mr Richard Means (Jan 2005).
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 smith means limited. Currently there are 4 open charges and 0 have been satisfied in the past.
smith means 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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smith means limitedCompanies House Filings - See Documents
