Taylormade Timber Products Ltd

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taylormade timber products ltd Company Information

Live

MatureLargeHealthy

Company Number

00584004

Website

www.taylormadetimber.co.uk

Registered Address

sherburn hill, durham, county durham, DH6 1PS

Industry

Other manufacturing n.e.c.

Telephone

01913720524

Next Accounts Due

September 2024

Group Structure

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Directors

Jillian Wentworth15 Years

Suzanne Penrose9 Years

View All

Shareholders

sonicedge ltd 100%

taylormade timber products ltd Estimated Valuation

£125.9m

Pomanda estimates the enterprise value of TAYLORMADE TIMBER PRODUCTS LTD at £125.9m based on an EBITDA of £11.1m and a 11.39x industry multiple (adjusted for size and gross margin).

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Taylormade Timber Products Ltd is a live company located in county durham, DH6 1PS with a Companies House number of 00584004. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in May 1957, it's largest shareholder is sonicedge ltd with a 100% stake. Taylormade Timber Products Ltd is a mature, large sized company, Pomanda has estimated its turnover at £52m with healthy growth in recent years.

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Pomanda's financial health check has awarded Taylormade Timber Products Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

10 Strong

1 Regular

1 Weak

Size

annual sales of £52m, make it larger than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (2.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TAYLORMADE TIMBER PRODUCTS LTD group structure

Taylormade Timber Products Ltd has no subsidiary companies.

Ultimate parent company

GT TIMBER LIMITED

06567522

SONICEDGE LIMITED

03090946

2 parents

TAYLORMADE TIMBER PRODUCTS LTD

00584004

TAYLORMADE TIMBER PRODUCTS LTD Shareholders

sonicedge ltd

100%

Taylormade Timber Products Ltd currently has 5 directors. The longest serving directors include Miss Jillian Wentworth (Mar 2009) and Mrs Suzanne Penrose (Nov 2014).

officer	country	age	start	end	role
Miss Jillian Wentworth		33 years	Mar 2009	-	Director
Mrs Suzanne Penrose		37 years	Nov 2014	-	Director
Mr Edward Balfour	Scotland	59 years	Feb 2021	-	Director
Mr Tom Bruce Jones		55 years	Feb 2021	-	Director
Mr Stuart Roberts	Scotland	51 years	Feb 2021	-	Director

EXPORT

Taylormade Timber Products Ltd's latest turnover from December 2022 is £52 million and the company has net assets of £30.4 million. According to their latest financial statements, Taylormade Timber Products Ltd has 173 employees and maintains cash reserves of £11 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	52,032,401	64,385,518	37,449,028	42,409,266	37,154,653	32,042,583	31,566,715	33,031,760	32,521,663	27,518,731	25,857,669	25,275,619	19,795,436	16,933,725
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	31,829,559	40,793,000	27,107,390	30,883,307	26,810,522	22,954,783	22,952,726	23,853,235	21,733,225	19,856,726	18,711,028	17,366,973	14,044,723	12,115,659
Gross Profit	20,202,842	23,592,518	10,341,638	11,525,959	10,344,131	9,087,800	8,613,989	9,178,525	10,788,438	7,662,005	7,146,641	7,908,646	5,750,713	4,818,066
Admin Expenses	10,596,476	12,454,987	7,666,561	7,942,926	7,163,685	7,071,516	6,315,757	6,541,137	6,545,951	5,608,499	5,201,967	5,058,633	4,246,441	3,650,573
Operating Profit	9,606,366	11,137,531	2,675,077	3,583,033	3,180,446	2,016,284	2,298,232	2,637,388	4,242,487	2,053,506	1,944,674	2,850,013	1,504,272	1,167,493
Interest Payable	3,862	59,549	94,034	69,305	53,438	52,625	64,963	82,305	94,062	135,772	95,787	82,751	91,462	82,538
Interest Receivable	0	0	0	0	246	0	8	4	0	481	0	253	0	411
Pre-Tax Profit	9,602,504	11,077,982	2,581,043	3,513,728	3,127,254	1,963,659	2,233,277	2,555,087	4,148,425	1,918,215	1,848,887	2,767,515	1,412,810	1,085,366
Tax	-1,938,005	-2,205,069	-571,711	-683,166	-586,070	-343,957	-475,951	-451,522	-959,282	-345,741	-362,576	-754,448	-380,264	-277,341
Profit After Tax	7,664,499	8,872,913	2,009,332	2,830,562	2,541,184	1,619,702	1,757,326	2,103,565	3,189,143	1,572,474	1,486,311	2,013,067	1,032,546	808,025
Dividends Paid	0	4,700,000	100,000	1,350,000	1,350,000	1,450,000	300,000	3,000,000	1,250,000	4,000,000	0	0	0	0
Retained Profit	7,664,499	4,172,913	1,909,332	1,480,562	1,191,184	169,702	1,457,326	-896,435	1,939,143	-2,427,526	1,486,311	2,013,067	1,032,546	808,025
Employee Costs	6,257,974	8,109,408	5,257,709	5,478,789	5,129,515	5,127,699	4,901,553	4,885,539	4,386,348	3,758,985	3,791,590	3,645,692	3,396,925	2,864,149
Number Of Employees	173	162	160	166	159	171	171	171	150	142	139	137	111	106
EBITDA*	11,054,549	12,794,318	3,757,715	4,593,118	4,116,010	2,935,801	3,230,613	3,584,091	5,181,250	2,882,874	2,618,481	3,464,045	2,091,650	1,742,856

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	12,801,956	12,830,311	11,229,542	8,217,069	6,326,409	6,643,849	6,653,846	6,585,784	6,946,086	7,030,905	7,186,695	5,714,321	5,851,609	6,062,725
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	12,801,956	12,830,311	11,229,542	8,217,069	6,326,409	6,643,849	6,653,846	6,585,784	6,946,086	7,030,905	7,186,695	5,714,321	5,851,609	6,062,725
Stock & work in progress	4,263,275	3,992,845	2,175,337	2,285,192	2,166,549	1,730,349	1,575,634	1,444,836	1,351,439	1,317,634	1,023,278	1,011,439	972,325	791,843
Trade Debtors	4,760,125	8,030,484	5,613,489	7,144,470	7,091,727	5,515,373	4,887,803	5,613,195	6,030,105	5,322,022	4,706,967	4,336,496	3,726,216	2,930,905
Group Debtors	7,107,314	6,563,643	6,087,558	6,087,558	6,087,558	6,005,863	6,032,295	5,999,124	5,187,282	4,129,880	6,966,954	6,767,589	3,937,106	2,638,231
Misc Debtors	126,283	436,482	200,763	567,681	193,161	246,069	324,169	516,158	662,995	146,459	144,119	156,665	163,937	97,850
Cash	10,978,509	7,137,953	5,227,497	1,980,268	1,699,888	1,280,049	2,149,316	521,654	2,168,524	132,707	763,669	420,186	1,070,037	879,637
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	27,235,506	26,161,407	19,304,644	18,065,169	17,238,883	14,777,703	14,969,217	14,094,967	15,400,345	11,048,702	13,604,987	12,692,375	9,869,621	7,338,466
total assets	40,037,462	38,991,718	30,534,186	26,282,238	23,565,292	21,421,552	21,623,063	20,680,751	22,346,431	18,079,607	20,791,682	18,406,696	15,721,230	13,401,191
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	903,560	0
Bank loan	0	0	2,662,042	1,098,704	0	0	0	0	0	0	600,000	0	0	54,000
Trade Creditors	3,248,770	5,506,630	4,421,331	4,523,158	4,132,850	3,746,260	3,296,765	3,503,136	3,986,320	3,576,106	3,480,197	3,310,233	2,655,543	2,221,887
Group/Directors Accounts	4,131,986	8,613,987	2,089,975	2,087,747	2,039,246	1,989,265	2,073,815	2,158,324	1,268,527	74,925	46,234	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	100,659	109,530	91,335	208,123	377,371	491,387	525,833	457,582	327,704	248,018	223,456	338,483
other current liabilities	1,064,757	1,316,927	1,179,327	1,335,720	1,706,757	1,077,587	1,370,923	1,302,889	1,892,954	1,140,525	1,327,569	1,312,249	837,695	377,347
total current liabilities	8,445,513	15,437,544	10,453,334	9,154,859	7,970,188	7,021,235	7,118,874	7,455,736	7,673,634	5,249,138	5,781,704	4,870,500	4,620,254	2,991,717
loans	0	0	762,377	0	0	0	0	0	0	0	0	0	0	340,500
hp & lease commitments	0	0	183,623	138,875	168,931	104,806	287,687	447,330	903,986	1,043,984	705,216	683,317	194,017	137,416
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	0	0	0	0	0	0
provisions	1,217,416	844,140	597,731	360,715	278,946	339,468	430,161	448,670	543,361	500,178	590,929	625,357	692,504	749,649
total long term liabilities	1,217,416	844,140	1,543,731	499,590	447,877	444,274	717,848	896,000	1,447,347	1,544,162	1,296,145	1,308,674	886,521	1,227,565
total liabilities	9,662,929	16,281,684	11,997,065	9,654,449	8,418,065	7,465,509	7,836,722	8,351,736	9,120,981	6,793,300	7,077,849	6,179,174	5,506,775	4,219,282
net assets	30,374,533	22,710,034	18,537,121	16,627,789	15,147,227	13,956,043	13,786,341	12,329,015	13,225,450	11,286,307	13,713,833	12,227,522	10,214,455	9,181,909
total shareholders funds	30,374,533	22,710,034	18,537,121	16,627,789	15,147,227	13,956,043	13,786,341	12,329,015	13,225,450	11,286,307	13,713,833	12,227,522	10,214,455	9,181,909

	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	9,606,366	11,137,531	2,675,077	3,583,033	3,180,446	2,016,284	2,298,232	2,637,388	4,242,487	2,053,506	1,944,674	2,850,013	1,504,272	1,167,493
Depreciation	1,448,183	1,656,787	1,082,638	1,010,085	935,564	919,517	932,381	946,703	938,763	829,368	673,807	614,032	587,378	575,363
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,938,005	-2,205,069	-571,711	-683,166	-586,070	-343,957	-475,951	-451,522	-959,282	-345,741	-362,576	-754,448	-380,264	-277,341
Stock	270,430	1,817,508	-109,855	118,643	436,200	154,715	130,798	93,397	33,805	294,356	11,839	39,114	180,482	791,843
Debtors	-3,036,887	3,128,799	-1,897,899	427,263	1,605,141	523,038	-884,210	248,095	2,282,021	-2,219,679	557,290	3,433,491	2,160,273	5,666,986
Creditors	-2,257,860	1,085,299	-101,827	390,308	386,590	449,495	-206,371	-483,184	410,214	95,909	169,964	654,690	433,656	2,221,887
Accruals and Deferred Income	-252,170	137,600	-156,393	-371,037	629,170	-293,336	68,034	-590,065	752,429	-187,044	15,320	474,554	460,348	377,347
Deferred Taxes & Provisions	373,276	246,409	237,016	81,769	-60,522	-90,693	-18,509	-94,691	43,183	-90,751	-34,428	-67,147	-57,145	749,649
Cash flow from operations	9,746,247	7,112,250	5,172,554	3,465,086	2,443,837	1,979,557	3,351,228	1,623,137	3,111,968	4,280,570	1,837,632	299,089	207,490	-1,644,431
Investing Activities
capital expenditure	-1,419,828	-3,257,556	-4,095,111	-2,900,745	-618,124	-909,520	-1,000,443	-586,401	-853,944	-673,578	-2,146,181	-476,744	-376,262	-6,638,088
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,419,828	-3,257,556	-4,095,111	-2,900,745	-618,124	-909,520	-1,000,443	-586,401	-853,944	-673,578	-2,146,181	-476,744	-376,262	-6,638,088
Financing Activities
Bank loans	0	-2,662,042	1,563,338	1,098,704	0	0	0	0	0	-600,000	600,000	0	-54,000	54,000
Group/Directors Accounts	-4,482,001	6,524,012	2,228	48,501	49,981	-84,550	-84,509	889,797	1,193,602	28,691	46,234	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-762,377	762,377	0	0	0	0	0	0	0	0	0	-340,500	340,500
Hire Purchase and Lease Commitments	0	-284,282	35,877	-11,861	-52,663	-352,129	-273,659	-491,102	-71,747	468,646	101,585	513,862	-58,426	475,899
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	8,373,884
interest	-3,862	-59,549	-94,034	-69,305	-53,192	-52,625	-64,955	-82,301	-94,062	-135,291	-95,787	-82,498	-91,462	-82,127
cash flow from financing	-4,485,863	2,755,762	2,269,786	1,066,039	-55,874	-489,304	-423,123	316,394	1,027,793	-237,954	652,032	431,364	-544,388	9,162,156
cash and cash equivalents
cash	3,840,556	1,910,456	3,247,229	280,380	419,839	-869,267	1,627,662	-1,646,870	2,035,817	-630,962	343,483	-649,851	190,400	879,637
overdraft	0	0	0	0	0	0	0	0	0	0	0	-903,560	903,560	0
change in cash	3,840,556	1,910,456	3,247,229	280,380	419,839	-869,267	1,627,662	-1,646,870	2,035,817	-630,962	343,483	253,709	-713,160	879,637

P&L

December 2022

turnover

52m

-19%

operating profit

9.6m

-14%

gross margin

38.9%

+5.96%

turnover

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

Balance Sheet

December 2022

net assets

30.4m

+0.34%

total assets

40m

+0.03%

cash

11m

+0.54%

net assets

Total assets minus all liabilities

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company number

00584004

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

May 1957

age

accounts

Full Accounts

ultimate parent company

GT TIMBER LIMITED

previous names

taylor made timber products limited (July 2007)

incorporated

address

sherburn hill, durham, county durham, DH6 1PS

last accounts submitted

December 2022

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 24 charges/mortgages relating to taylormade timber products ltd. Currently there are 0 open charges and 24 have been satisfied in the past.

taylormade timber products ltd Company Information

taylormade timber products ltd Estimated Valuation

taylormade timber products ltd Estimated Valuation

taylormade timber products ltd Estimated Valuation

Taylormade Timber Products Ltd AI Business Plan

Taylormade Timber Products Ltd Overview

Taylormade Timber Products Ltd Health Check

taylormade timber products ltd Credit Report and Business Information

Taylormade Timber Products Ltd Competitor Analysis

taylormade timber products ltd Ownership

taylormade timber products ltd directors

TAYLORMADE TIMBER PRODUCTS LTD financials

taylormade timber products ltd company details

taylormade timber products ltd Charges & Mortgages

taylormade timber products ltd Companies House Filings - See Documents