harlow bros. limited
harlow bros. limited Company Information
Company Number
00907445
Next Accounts
Mar 2025
Shareholders
harlow timber group limited
Group Structure
View All
Industry
Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
+2Registered Address
hathern road, long whatton, loughborough, leicestershire, LE12 5DE
Website
www.harlowbros.co.ukharlow bros. limited Estimated Valuation
Pomanda estimates the enterprise value of HARLOW BROS. LIMITED at £36.2m based on a Turnover of £50m and 0.72x industry multiple (adjusted for size and gross margin).
harlow bros. limited Estimated Valuation
Pomanda estimates the enterprise value of HARLOW BROS. LIMITED at £12.8m based on an EBITDA of £1.9m and a 6.69x industry multiple (adjusted for size and gross margin).
harlow bros. limited Estimated Valuation
Pomanda estimates the enterprise value of HARLOW BROS. LIMITED at £36.3m based on Net Assets of £25.4m and 1.43x industry multiple (adjusted for liquidity).
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Harlow Bros. Limited Overview
Harlow Bros. Limited is a live company located in loughborough, LE12 5DE with a Companies House number of 00907445. It operates in the sawmilling and planing of wood sector, SIC Code 16100. Founded in June 1967, it's largest shareholder is harlow timber group limited with a 100% stake. Harlow Bros. Limited is a mature, large sized company, Pomanda has estimated its turnover at £50m with healthy growth in recent years.
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Harlow Bros. Limited Health Check
Pomanda's financial health check has awarded Harlow Bros. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £50m, make it larger than the average company (£13.3m)
£50m - Harlow Bros. Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8.7%)
14% - Harlow Bros. Limited
8.7% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (26.6%)
18.3% - Harlow Bros. Limited
26.6% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (7.5%)
2.6% - Harlow Bros. Limited
7.5% - Industry AVG
Employees
with 305 employees, this is above the industry average (66)
305 - Harlow Bros. Limited
66 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£34.6k)
£30.8k - Harlow Bros. Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £164k, this is equally as efficient (£185.3k)
£164k - Harlow Bros. Limited
£185.3k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (51 days)
48 days - Harlow Bros. Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is close to average (39 days)
36 days - Harlow Bros. Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 74 days, this is more than average (57 days)
74 days - Harlow Bros. Limited
57 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (17 weeks)
73 weeks - Harlow Bros. Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.1%, this is a lower level of debt than the average (49.9%)
20.1% - Harlow Bros. Limited
49.9% - Industry AVG
HARLOW BROS. LIMITED financials
Harlow Bros. Limited's latest turnover from June 2023 is £50 million and the company has net assets of £25.4 million. According to their latest financial statements, Harlow Bros. Limited has 305 employees and maintains cash reserves of £8.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 50,017,358 | 57,193,215 | 46,398,519 | 34,006,404 | 42,046,713 | 34,442,967 | 31,685,192 | 29,048,060 | 28,798,030 | 26,742,838 | 24,007,794 | 22,722,953 | 32,527,902 | 27,229,149 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 40,843,269 | 44,025,362 | 35,382,520 | 28,726,448 | 34,969,523 | 29,175,713 | 26,346,113 | 23,236,130 | 23,639,944 | 21,613,573 | 24,995,060 | 20,883,910 | ||
| Gross Profit | 9,174,089 | 13,167,853 | 11,015,999 | 5,279,956 | 7,077,190 | 5,267,254 | 5,339,079 | 5,811,930 | 5,158,086 | 5,129,265 | 7,532,842 | 6,345,239 | ||
| Admin Expenses | 7,860,957 | 6,888,279 | 5,828,160 | 4,969,935 | 5,159,098 | 4,778,913 | 5,012,226 | 4,751,491 | 3,746,655 | 3,792,372 | 5,692,660 | 5,254,107 | ||
| Operating Profit | 1,313,132 | 6,279,574 | 5,187,839 | 310,021 | 1,918,092 | 488,341 | 326,853 | 1,060,439 | 1,411,431 | 1,336,893 | 1,018,892 | 1,600,151 | 1,840,182 | 1,091,132 |
| Interest Payable | 4,699 | 1,008 | 50,000 | 49,788 | 48,000 | 46,370 | 42,000 | 1,917 | 7,000 | 8,000 | ||||
| Interest Receivable | 290,616 | 17,607 | 2,018 | 10,905 | 7,737 | 4,018 | 54,527 | 68,566 | 80,786 | 61,695 | 55,524 | 14,891 | 27,652 | 38,526 |
| Pre-Tax Profit | 1,603,748 | 6,297,181 | 5,185,158 | 320,926 | 1,924,821 | 484,359 | 331,380 | 1,079,217 | 1,444,217 | 1,352,218 | 1,032,416 | 1,604,125 | 1,814,741 | 1,121,658 |
| Tax | -447,338 | -1,221,908 | -977,875 | -88,266 | -419,181 | -180,759 | -58,074 | -161,084 | -329,471 | -142,144 | -208,506 | -291,964 | -527,113 | -339,166 |
| Profit After Tax | 1,156,410 | 5,075,273 | 4,207,283 | 232,660 | 1,505,640 | 303,600 | 273,306 | 918,133 | 1,114,746 | 1,210,074 | 823,910 | 1,312,161 | 1,287,628 | 782,492 |
| Dividends Paid | 1,207,000 | 7,279,375 | 1,000,000 | 600,000 | 750,000 | 500,000 | 500,000 | 15,273,400 | 238,150 | 664,746 | ||||
| Retained Profit | -50,590 | -2,204,102 | 4,207,283 | 232,660 | 505,640 | 303,600 | 273,306 | 318,133 | 364,746 | 710,074 | 323,910 | -13,961,239 | 864,438 | 51,651 |
| Employee Costs | 9,400,218 | 8,667,605 | 7,918,414 | 7,520,280 | 7,957,200 | 7,442,514 | 6,797,494 | 5,987,635 | 5,208,910 | 4,809,973 | 4,798,246 | 4,530,455 | 6,599,287 | 6,397,195 |
| Number Of Employees | 305 | 304 | 287 | 292 | 292 | 282 | 265 | 238 | 223 | 206 | 203 | 211 | 297 | 267 |
| EBITDA* | 1,911,234 | 6,925,273 | 5,896,528 | 1,052,369 | 2,593,830 | 1,185,040 | 953,503 | 1,625,980 | 1,970,335 | 1,378,017 | 1,320,353 | 1,863,605 | 2,570,627 | 1,731,910 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,165,148 | 2,117,555 | 2,266,633 | 2,341,663 | 2,322,883 | 2,332,476 | 2,350,998 | 2,072,047 | 1,823,346 | 1,773,853 | 984,214 | 885,095 | 9,789,515 | 10,138,743 |
| Intangible Assets | 15,212 | 76,081 | ||||||||||||
| Investments & Other | 355,000 | 115,430 | 3,240 | 96,685 | 267,050 | 10 | 3,092,105 | |||||||
| Debtors (Due After 1 year) | 4,566,120 | 5,137,459 | 19,770 | 113,925 | 223,190 | 479,257 | 802,176 | 2,712,064 | 1,025,345 | 319,301 | ||||
| Total Fixed Assets | 6,731,268 | 7,610,014 | 2,382,063 | 2,341,663 | 2,326,123 | 2,332,476 | 2,370,768 | 2,185,972 | 2,143,221 | 2,520,160 | 1,786,390 | 3,597,169 | 13,922,177 | 10,534,125 |
| Stock & work in progress | 8,331,098 | 12,150,891 | 10,634,046 | 6,855,515 | 7,172,705 | 7,268,522 | 6,214,387 | 5,147,688 | 4,717,113 | 5,833,822 | 5,407,877 | 5,028,244 | 6,023,717 | 6,315,334 |
| Trade Debtors | 6,636,401 | 7,694,178 | 6,633,923 | 3,497,073 | 5,636,210 | 5,499,719 | 4,739,255 | 3,759,523 | 4,090,468 | 4,061,427 | 3,431,566 | 3,409,505 | 6,250,210 | 5,675,511 |
| Group Debtors | 504,076 | 624,653 | 427,273 | 435,377 | 773,266 | 702,327 | 1,554,307 | 1,101,306 | 397,459 | 195,025 | 187,784 | |||
| Misc Debtors | 842,082 | 897,237 | 721,396 | 1,129,104 | 1,521,996 | 954,777 | 990,186 | 1,963,976 | 1,340,838 | 2,166,017 | 1,337,414 | 1,918,045 | 2,016,863 | 1,404,874 |
| Cash | 8,784,990 | 3,832,796 | 5,136,758 | 4,508,195 | 2,440,695 | 1,902,107 | 1,484,350 | 1,937,242 | 3,999,239 | 1,818,150 | 2,695,846 | 1,431,189 | 2,825,692 | 4,771,058 |
| misc current assets | ||||||||||||||
| total current assets | 25,098,647 | 25,199,755 | 23,553,396 | 16,425,264 | 17,544,872 | 16,327,452 | 14,982,485 | 13,909,735 | 14,545,117 | 14,074,441 | 13,060,487 | 11,786,983 | 17,116,482 | 18,166,777 |
| total assets | 31,829,915 | 32,809,769 | 25,935,459 | 18,766,927 | 19,870,995 | 18,659,928 | 17,353,253 | 16,095,707 | 16,688,338 | 16,594,601 | 14,846,877 | 15,384,152 | 31,038,659 | 28,700,902 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 4,080,703 | 4,353,461 | 5,024,350 | 3,409,328 | 3,426,189 | 3,983,243 | 3,363,141 | 2,644,132 | 2,063,847 | 2,734,394 | 2,426,619 | 2,013,647 | 3,391,542 | 2,331,181 |
| Group/Directors Accounts | 223,625 | 65,151 | 31,526 | 750,693 | 1,107,138 | 665,479 | 34,167 | 960,629 | 393,596 | 550,296 | ||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,877,536 | 2,379,303 | 2,678,388 | 1,485,228 | 2,142,109 | 1,489,412 | 1,198,074 | 981,043 | 1,239,954 | 1,178,075 | 849,462 | 1,167,527 | 2,811,686 | 1,856,972 |
| total current liabilities | 6,181,864 | 6,797,915 | 7,734,264 | 4,894,556 | 6,318,991 | 5,472,655 | 4,561,215 | 3,625,175 | 4,410,939 | 4,577,948 | 3,310,248 | 4,141,803 | 6,596,824 | 4,738,449 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 207,418 | 254,307 | 147,174 | 98,463 | 48,926 | 49,245 | 13,937 | |||||||
| total long term liabilities | 207,418 | 254,307 | 147,174 | 264,633 | 48,926 | 242,835 | 231,200 | 68,000 | 186,050 | 121,680 | 108,000 | 57,857 | ||
| total liabilities | 6,389,282 | 7,052,222 | 7,881,438 | 5,159,189 | 6,367,917 | 5,715,490 | 4,792,415 | 3,693,175 | 4,410,939 | 4,577,948 | 3,496,298 | 4,263,483 | 6,704,824 | 4,796,306 |
| net assets | 25,440,633 | 25,757,547 | 18,054,021 | 13,607,738 | 13,503,078 | 12,944,438 | 12,560,838 | 12,402,532 | 12,277,399 | 12,016,653 | 11,350,579 | 11,120,669 | 24,333,835 | 23,904,596 |
| total shareholders funds | 25,440,633 | 25,757,547 | 18,054,021 | 13,607,738 | 13,503,078 | 12,944,438 | 12,560,838 | 12,402,532 | 12,277,399 | 12,016,653 | 11,350,579 | 11,120,669 | 24,333,835 | 23,904,596 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,313,132 | 6,279,574 | 5,187,839 | 310,021 | 1,918,092 | 488,341 | 326,853 | 1,060,439 | 1,411,431 | 1,336,893 | 1,018,892 | 1,600,151 | 1,840,182 | 1,091,132 |
| Depreciation | 598,102 | 645,699 | 708,689 | 742,348 | 675,738 | 696,699 | 626,650 | 565,541 | 558,904 | 41,124 | 301,461 | 263,454 | 669,576 | 579,909 |
| Amortisation | 60,869 | 60,869 | ||||||||||||
| Tax | -447,338 | -1,221,908 | -977,875 | -88,266 | -419,181 | -180,759 | -58,074 | -161,084 | -329,471 | -142,144 | -208,506 | -291,964 | -527,113 | -339,166 |
| Stock | -3,819,793 | 1,516,845 | 3,778,531 | -317,190 | -95,817 | 1,054,135 | 1,066,699 | 430,575 | -1,116,709 | 425,945 | 379,633 | -995,473 | -291,617 | 6,315,334 |
| Debtors | -1,804,848 | 6,570,935 | 2,721,038 | -2,869,918 | 774,649 | -146,695 | 364,788 | 886,775 | -849,771 | 1,142,786 | -2,280,674 | -1,252,804 | 1,892,732 | 7,399,686 |
| Creditors | -272,758 | -670,889 | 1,615,022 | -16,861 | -557,054 | 620,102 | 719,009 | 580,285 | -670,547 | 307,775 | 412,972 | -1,377,895 | 1,060,361 | 2,331,181 |
| Accruals and Deferred Income | -501,767 | -299,085 | 1,193,160 | -656,881 | 652,697 | 291,338 | 217,031 | -258,911 | 61,879 | 328,613 | -318,065 | -1,644,159 | 954,714 | 1,856,972 |
| Deferred Taxes & Provisions | -46,889 | 107,133 | 48,711 | 49,537 | -319 | 49,245 | -13,937 | 13,937 | ||||||
| Cash flow from operations | 6,267,123 | -3,247,256 | 1,275,977 | 3,527,006 | 1,591,141 | 1,057,526 | 399,982 | 468,920 | 2,998,676 | 303,530 | 3,107,795 | 797,864 | 2,443,537 | -8,120,186 |
| Investing Activities | ||||||||||||||
| capital expenditure | -573,432 | -1,161,411 | -381,802 | -442,690 | -3,844,898 | -1,614,405 | ||||||||
| Change in Investments | -355,000 | 239,570 | 115,430 | -3,240 | 3,240 | -96,685 | -170,365 | 267,050 | -10 | -3,092,095 | 3,092,105 | |||
| cash flow from investments | -403,067 | -1,428,461 | -381,792 | 2,649,405 | -6,937,003 | -1,614,405 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 158,474 | 33,625 | 31,526 | -750,693 | 750,693 | -1,107,138 | 441,659 | 631,312 | -926,462 | 567,033 | -156,700 | 550,296 | ||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 290,616 | 17,607 | -2,681 | 10,905 | 6,729 | 4,018 | 4,527 | 18,778 | 32,786 | 15,325 | 13,524 | 12,974 | 20,652 | 30,526 |
| cash flow from financing | 182,766 | 9,958,860 | 267,845 | -867,788 | 810,422 | 84,018 | -110,473 | -1,281,360 | 370,445 | 602,637 | -1,006,938 | 1,328,080 | -571,247 | 24,433,767 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,952,194 | -1,303,962 | 628,563 | 2,067,500 | 538,588 | 417,757 | -452,892 | -2,061,997 | 2,181,089 | -877,696 | 1,264,657 | -1,394,503 | -1,945,366 | 4,771,058 |
| overdraft | ||||||||||||||
| change in cash | 4,952,194 | -1,303,962 | 628,563 | 2,067,500 | 538,588 | 417,757 | -452,892 | -2,061,997 | 2,181,089 | -877,696 | 1,264,657 | -1,394,503 | -1,945,366 | 4,771,058 |
harlow bros. limited Credit Report and Business Information
Harlow Bros. Limited Competitor Analysis
Perform a competitor analysis for harlow bros. limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LE12 area or any other competitors across 12 key performance metrics.
harlow bros. limited Ownership
HARLOW BROS. LIMITED group structure
Harlow Bros. Limited has no subsidiary companies.
harlow bros. limited directors
Harlow Bros. Limited currently has 5 directors. The longest serving directors include Mr John Harlow (Feb 1995) and Mr James Sharkey (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Harlow | England | 64 years | Feb 1995 | - | Director |
| Mr James Sharkey | England | 50 years | Apr 2017 | - | Director |
| Mr Neil Sabey | United Kingdom | 53 years | Nov 2018 | - | Director |
| Mr Alan Harvey | England | 56 years | Mar 2022 | - | Director |
| Mr Mathew Hemsley | United Kingdom | 57 years | Apr 2022 | - | Director |
P&L
June 2023turnover
50m
-13%
operating profit
1.3m
-79%
gross margin
18.4%
-20.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
25.4m
-0.01%
total assets
31.8m
-0.03%
cash
8.8m
+1.29%
net assets
Total assets minus all liabilities
harlow bros. limited company details
company number
00907445
Type
Private limited with Share Capital
industry
16100 - Sawmilling and planing of wood
16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
16230 - Manufacture of other builders' carpentry and joinery
incorporation date
June 1967
age
58
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
CHARNWOOD ACCOUNTANTS AND BUSINESS ADVISORS LLP
address
hathern road, long whatton, loughborough, leicestershire, LE12 5DE
Bank
BARCLAYS BANK PLC, BARCLAYS BANK PLC
Legal Advisor
-
harlow bros. 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 3 charges/mortgages relating to harlow bros. limited. Currently there are 3 open charges and 0 have been satisfied in the past.
harlow bros. 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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harlow bros. limited Companies House Filings - See Documents
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