Pomanda estimates the enterprise value of TIMPSON LIMITED at £172.9m based on a Turnover of £195.2m and 0.89x industry multiple (adjusted for size and gross margin).
timpson limitedEstimated Valuation
£171.5m
Pomanda estimates the enterprise value of TIMPSON LIMITED at £171.5m based on an EBITDA of £26.3m and a 6.53x industry multiple (adjusted for size and gross margin).
timpson limitedEstimated Valuation
£246.5m
Pomanda estimates the enterprise value of TIMPSON LIMITED at £246.5m based on Net Assets of £107.2m and 2.3x industry multiple (adjusted for liquidity).
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Timpson LimitedOverview
Timpson Limited is a live company located in manchester, M23 9TT with a Companies House number of 00675216. It operates in the repair of footwear and leather goods sector, SIC Code 95230. Founded in November 1960, it's largest shareholder is
sandymere ltd
with a 100% stake. Timpson Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£195.2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Timpson Limited a 4.5 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 Rating4.5out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £195.2m, make it larger than the average company (£62.5m)
£195.2m - Timpson Limited
£62.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a similar rate (16.4%)
14% - Timpson Limited
16.4% - Industry AVG
Production
with a gross margin of 46.9%, this company has a comparable cost of product (47.4%)
46.9% - Timpson Limited
47.4% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (5.3%)
10.3% - Timpson Limited
5.3% - Industry AVG
Employees
with 2655 employees, this is above the industry average (898)
2655 - Timpson Limited
898 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has a higher pay structure (£26.4k)
£35.3k - Timpson Limited
£26.4k - Industry AVG
Efficiency
resulting in sales per employee of £73.5k, this is equally as efficient (£65.5k)
£73.5k - Timpson Limited
£65.5k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (30 days)
2 days - Timpson Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (18 days)
9 days - Timpson Limited
18 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is more than average (27 days)
44 days - Timpson Limited
27 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 18 weeks, this is less cash available to meet short term requirements (26 weeks)
18 weeks - Timpson Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.1%, this is a lower level of debt than the average (77.9%)
33.1% - Timpson Limited
77.9% - Industry AVG
TIMPSON LIMITED financials
EXPORT
Timpson Limited's latest turnover from September 2023 is £195.2 million and the company has net assets of £107.2 million. According to their latest financial statements, Timpson Limited has 2,655 employees and maintains cash reserves of £18.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Oct 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Oct 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Oct 2011
Oct 2010
Sep 2009
Turnover
195,203,000
182,927,000
136,880,000
131,686,000
176,723,000
164,229,000
158,627,000
142,576,000
130,774,000
120,863,000
111,103,000
108,193,000
101,721,000
91,782,000
87,106,000
Other Income Or Grants
Cost Of Sales
103,752,000
96,069,000
80,210,000
89,435,000
98,142,000
92,309,000
84,938,000
75,374,000
69,657,000
64,672,000
57,086,000
55,614,000
50,786,000
46,006,000
42,664,000
Gross Profit
91,451,000
86,858,000
56,670,000
42,251,000
78,581,000
71,920,000
73,689,000
67,202,000
61,117,000
56,191,000
54,017,000
52,579,000
50,935,000
45,776,000
44,442,000
Admin Expenses
71,278,000
62,583,000
42,795,000
48,332,000
67,544,000
66,109,000
64,035,000
57,941,000
52,940,000
50,078,000
46,524,000
47,808,000
42,840,000
40,207,000
39,587,000
Operating Profit
20,173,000
24,275,000
13,875,000
-6,081,000
11,037,000
5,811,000
9,654,000
9,261,000
8,177,000
6,113,000
7,493,000
4,771,000
8,095,000
5,569,000
4,855,000
Interest Payable
172,000
4,000
188,000
148,000
8,000
129,000
290,000
223,000
63,000
20,000
24,000
150,000
123,000
183,000
212,000
Interest Receivable
4,029,000
452,000
2,000
117,000
326,000
36,000
48,000
47,000
1,577,000
144,000
157,000
112,000
211,000
160,000
56,000
Pre-Tax Profit
24,310,000
24,723,000
13,689,000
-2,332,000
11,355,000
5,718,000
9,448,000
10,079,000
8,645,000
6,237,000
7,626,000
4,733,000
8,183,000
3,755,000
4,881,000
Tax
-6,014,000
-4,733,000
-2,062,000
-503,000
-1,870,000
-1,379,000
-1,220,000
-1,676,000
-2,100,000
-1,347,000
-1,570,000
-1,292,000
-2,113,000
-1,618,000
-1,449,000
Profit After Tax
18,296,000
19,990,000
11,627,000
-2,835,000
9,485,000
4,339,000
8,228,000
8,403,000
6,545,000
4,890,000
6,056,000
3,441,000
6,070,000
2,137,000
3,432,000
Dividends Paid
10,214,000
3,315,000
2,224,000
1,454,000
12,737,000
1,696,000
6,878,000
1,777,000
6,374,000
5,877,000
4,284,000
3,998,000
400,000
5,550,000
480,000
Retained Profit
8,082,000
16,675,000
9,403,000
-4,289,000
-3,252,000
2,643,000
1,350,000
6,626,000
171,000
-987,000
1,772,000
-557,000
5,670,000
-3,413,000
2,952,000
Employee Costs
93,617,000
86,627,000
71,949,000
80,156,000
85,585,000
80,752,000
74,038,000
65,789,000
59,722,000
52,952,000
47,181,000
46,011,000
42,888,000
38,875,000
37,191,000
Number Of Employees
2,655
2,626
2,386
2,990
3,052
2,935
3,008
2,684
2,264
2,224
2,032
1,952
1,894
1,753
1,565
EBITDA*
26,274,000
30,431,000
20,468,000
779,000
18,028,000
12,171,000
15,451,000
14,290,000
13,220,000
12,808,000
13,744,000
10,944,000
14,252,000
10,953,000
10,088,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Oct 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Oct 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Oct 2011
Oct 2010
Sep 2009
Tangible Assets
27,681,000
32,644,000
36,156,000
39,695,000
42,128,000
39,592,000
33,390,000
28,113,000
26,622,000
29,954,000
26,544,000
25,664,000
21,908,000
20,619,000
15,301,000
Intangible Assets
117,000
77,000
113,000
115,000
155,000
248,000
364,000
403,000
235,000
369,000
2,292,000
4,323,000
6,448,000
8,399,000
10,397,000
Investments & Other
47,093,000
69,768,000
8,376,000
776,000
1,957,000
7,168,000
1,881,000
2,775,000
1,781,000
493,000
493,000
493,000
493,000
493,000
4,826,000
Debtors (Due After 1 year)
4,093,000
764,000
750,000
1,402,000
2,435,000
1,307,000
678,000
678,000
843,000
1,098,000
1,258,000
Total Fixed Assets
78,984,000
102,489,000
44,645,000
40,586,000
45,004,000
47,758,000
37,037,000
33,726,000
29,945,000
31,494,000
30,007,000
31,323,000
29,947,000
30,769,000
30,524,000
Stock & work in progress
12,687,000
11,842,000
11,482,000
11,912,000
11,958,000
11,743,000
10,824,000
9,921,000
9,448,000
10,474,000
8,487,000
8,220,000
7,400,000
7,133,000
6,620,000
Trade Debtors
1,093,000
1,030,000
556,000
922,000
1,284,000
1,631,000
1,725,000
1,720,000
1,690,000
1,225,000
1,032,000
828,000
624,000
251,000
50,000
Group Debtors
43,752,000
38,358,000
26,595,000
32,535,000
31,297,000
32,150,000
37,203,000
27,930,000
32,505,000
31,689,000
30,594,000
19,866,000
18,351,000
17,681,000
39,780,000
Misc Debtors
5,258,000
3,771,000
2,600,000
4,686,000
5,698,000
5,021,000
5,110,000
5,298,000
1,320,000
4,027,000
4,144,000
4,574,000
5,032,000
3,721,000
3,754,000
Cash
18,548,000
22,867,000
36,441,000
8,672,000
13,022,000
11,710,000
264,000
4,494,000
5,937,000
3,512,000
6,361,000
4,256,000
3,184,000
5,160,000
1,473,000
misc current assets
total current assets
81,338,000
77,868,000
77,674,000
58,727,000
63,259,000
62,255,000
55,126,000
49,363,000
50,900,000
50,927,000
50,618,000
37,744,000
34,591,000
33,946,000
51,677,000
total assets
160,322,000
180,357,000
122,319,000
99,313,000
108,263,000
110,013,000
92,163,000
83,089,000
80,845,000
82,421,000
80,625,000
69,067,000
64,538,000
64,715,000
82,201,000
Bank overdraft
6,055,000
2,677,000
827,000
2,148,000
570,000
405,000
515,000
359,000
1,536,000
Bank loan
61,000
Trade Creditors
2,593,000
3,078,000
2,699,000
3,331,000
3,050,000
4,192,000
3,406,000
1,805,000
1,717,000
3,202,000
2,662,000
2,501,000
2,171,000
2,651,000
2,132,000
Group/Directors Accounts
5,436,000
14,070,000
23,929,000
21,349,000
30,124,000
18,686,000
16,393,000
13,741,000
12,567,000
12,320,000
11,367,000
4,957,000
21,237,000
other short term finances
61,000
61,000
26,000
4,133,000
32,000
hp & lease commitments
29,000
64,000
90,000
138,000
217,000
1,000
226,000
573,000
50,000
other current liabilities
43,008,000
44,054,000
39,086,000
31,441,000
25,603,000
26,038,000
21,945,000
21,313,000
13,743,000
12,649,000
12,967,000
9,977,000
10,169,000
11,018,000
8,030,000
total current liabilities
51,037,000
61,202,000
65,743,000
56,185,000
58,867,000
55,109,000
44,638,000
36,859,000
28,854,000
30,380,000
27,627,000
17,902,000
13,107,000
18,734,000
33,017,000
loans
726,000
773,000
818,000
400,000
424,000
447,000
hp & lease commitments
6,000
64,000
64,000
202,000
182,000
60,000
Accruals and Deferred Income
other liabilities
provisions
2,092,000
436,000
131,000
864,000
457,000
365,000
160,000
424,000
695,000
292,000
215,000
109,000
228,000
242,000
131,000
total long term liabilities
2,092,000
436,000
131,000
12,605,000
8,651,000
429,000
3,723,000
9,218,000
6,104,000
1,018,000
988,000
927,000
628,000
848,000
638,000
total liabilities
53,129,000
61,638,000
65,874,000
68,790,000
67,518,000
55,538,000
48,361,000
46,077,000
34,958,000
31,398,000
28,615,000
18,829,000
13,735,000
19,582,000
33,655,000
net assets
107,193,000
118,719,000
56,445,000
30,523,000
40,745,000
54,475,000
43,802,000
37,012,000
45,887,000
51,023,000
52,010,000
50,238,000
50,803,000
45,133,000
48,546,000
total shareholders funds
107,193,000
118,719,000
56,445,000
30,523,000
40,745,000
54,475,000
43,802,000
37,012,000
45,887,000
51,023,000
52,010,000
50,238,000
50,803,000
45,133,000
48,546,000
Sep 2023
Oct 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Oct 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Oct 2011
Oct 2010
Sep 2009
Operating Activities
Operating Profit
20,173,000
24,275,000
13,875,000
-6,081,000
11,037,000
5,811,000
9,654,000
9,261,000
8,177,000
6,113,000
7,493,000
4,771,000
8,095,000
5,569,000
4,855,000
Depreciation
6,051,000
6,120,000
6,520,000
6,776,000
6,898,000
6,244,000
5,665,000
4,920,000
4,832,000
4,681,000
4,217,000
4,033,000
4,054,000
3,245,000
3,032,000
Amortisation
50,000
36,000
73,000
84,000
93,000
116,000
132,000
109,000
211,000
2,014,000
2,034,000
2,140,000
2,103,000
2,139,000
2,201,000
Tax
-6,014,000
-4,733,000
-2,062,000
-503,000
-1,870,000
-1,379,000
-1,220,000
-1,676,000
-2,100,000
-1,347,000
-1,570,000
-1,292,000
-2,113,000
-1,618,000
-1,449,000
Stock
845,000
360,000
-430,000
-46,000
215,000
919,000
903,000
473,000
-1,026,000
1,987,000
267,000
820,000
267,000
513,000
6,620,000
Debtors
11,037,000
13,408,000
-8,392,000
-900,000
-509,000
-5,888,000
8,057,000
561,000
-797,000
1,171,000
10,337,000
1,006,000
2,194,000
-20,673,000
43,584,000
Creditors
-485,000
379,000
-632,000
281,000
-1,142,000
786,000
1,601,000
88,000
-1,485,000
540,000
161,000
330,000
-480,000
519,000
2,132,000
Accruals and Deferred Income
-1,046,000
4,968,000
7,645,000
5,838,000
-435,000
4,093,000
632,000
7,570,000
1,094,000
-318,000
2,990,000
-192,000
-849,000
2,988,000
8,030,000
Deferred Taxes & Provisions
1,656,000
305,000
-733,000
407,000
92,000
205,000
-264,000
-271,000
403,000
77,000
106,000
-119,000
-14,000
111,000
131,000
Cash flow from operations
8,503,000
17,582,000
33,508,000
7,748,000
14,967,000
20,845,000
7,240,000
18,967,000
12,955,000
8,602,000
4,827,000
7,845,000
8,335,000
33,113,000
-31,272,000
Investing Activities
capital expenditure
-1,178,000
-2,608,000
-3,052,000
-4,387,000
-9,434,000
-12,446,000
-11,035,000
-6,688,000
-1,577,000
-8,182,000
-5,100,000
-7,804,000
-5,495,000
-8,704,000
-30,931,000
Change in Investments
-22,675,000
61,392,000
7,600,000
-1,181,000
-5,211,000
5,287,000
-894,000
994,000
1,288,000
-4,333,000
4,826,000
cash flow from investments
21,497,000
-64,000,000
-10,652,000
-3,206,000
-4,223,000
-17,733,000
-10,141,000
-7,682,000
-2,865,000
-8,182,000
-5,100,000
-7,804,000
-5,495,000
-4,371,000
-35,757,000
Financing Activities
Bank loans
-61,000
61,000
Group/Directors Accounts
-8,634,000
-9,859,000
2,580,000
-8,775,000
11,438,000
2,293,000
2,652,000
1,174,000
247,000
953,000
6,410,000
4,957,000
-21,237,000
21,237,000
Other Short Term Loans
-61,000
35,000
-4,107,000
4,101,000
32,000
Long term loans
-726,000
-47,000
-45,000
418,000
-24,000
-23,000
447,000
Hire Purchase and Lease Commitments
-29,000
-41,000
-84,000
-48,000
-217,000
419,000
-1,000
-225,000
-529,000
645,000
110,000
other long term liabilities
share issue
-19,608,000
45,599,000
16,519,000
-5,933,000
-10,478,000
8,030,000
5,440,000
-15,501,000
-5,307,000
-8,000
45,594,000
interest
3,857,000
448,000
-186,000
-31,000
318,000
-93,000
-242,000
-176,000
1,514,000
124,000
133,000
-38,000
88,000
-23,000
-156,000
cash flow from financing
-24,385,000
36,159,000
18,872,000
-14,823,000
1,230,000
10,013,000
8,269,000
-14,503,000
-4,333,000
1,030,000
6,497,000
5,139,000
-4,572,000
-16,537,000
67,264,000
cash and cash equivalents
cash
-4,319,000
-13,574,000
27,769,000
-4,350,000
1,312,000
11,446,000
-4,230,000
-1,443,000
2,425,000
-2,849,000
2,105,000
1,072,000
-1,976,000
3,687,000
1,473,000
overdraft
-6,055,000
3,378,000
2,677,000
-827,000
-1,321,000
1,578,000
165,000
-110,000
156,000
-1,177,000
1,536,000
change in cash
-4,319,000
-13,574,000
27,769,000
-4,350,000
7,367,000
8,068,000
-6,907,000
-616,000
3,746,000
-4,427,000
1,940,000
1,182,000
-2,132,000
4,864,000
-63,000
timpson 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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Legal Advisor
-
timpson 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 9 charges/mortgages relating to timpson limited. Currently there are 5 open charges and 4 have been satisfied in the past.
timpson 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 TIMPSON LIMITED. This can take several minutes, an email will notify you when this has completed.
timpson limitedCompanies House Filings - See Documents
