w. howard limited

4.5

w. howard limited Company Information

Share W. HOWARD LIMITED
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Company Number

00996161

Registered Address

lower green lane astley, tyldesley, manchester, M29 7JZ

Industry

Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

 

Telephone

01942881900

Next Accounts Due

September 2025

Group Structure

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Directors

Frances Grant33 Years

Jonathan Grant30 Years

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Shareholders

w howard group ltd 100%

w. howard limited Estimated Valuation

£15.2m

Pomanda estimates the enterprise value of W. HOWARD LIMITED at £15.2m based on a Turnover of £21.3m and 0.71x industry multiple (adjusted for size and gross margin).

w. howard limited Estimated Valuation

£12.1m

Pomanda estimates the enterprise value of W. HOWARD LIMITED at £12.1m based on an EBITDA of £1.8m and a 6.7x industry multiple (adjusted for size and gross margin).

w. howard limited Estimated Valuation

£14.2m

Pomanda estimates the enterprise value of W. HOWARD LIMITED at £14.2m based on Net Assets of £9m and 1.58x industry multiple (adjusted for liquidity).

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W. Howard Limited Overview

W. Howard Limited is a live company located in manchester, M29 7JZ with a Companies House number of 00996161. It operates in the manufacture of other products of wood sector, SIC Code 16290. Founded in December 1970, it's largest shareholder is w howard group ltd with a 100% stake. W. Howard Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.3m with low growth in recent years.

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W. Howard Limited Health Check

Pomanda's financial health check has awarded W. Howard 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 Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £21.3m, make it larger than the average company (£14.1m)

£21.3m - W. Howard Limited

£14.1m - Industry AVG

growth

Growth

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

3% - W. Howard Limited

7% - Industry AVG

production

Production

with a gross margin of 35%, this company has a comparable cost of product (29.5%)

35% - W. Howard Limited

29.5% - Industry AVG

profitability

Profitability

an operating margin of 5.5% make it less profitable than the average company (7.4%)

5.5% - W. Howard Limited

7.4% - Industry AVG

employees

Employees

with 102 employees, this is above the industry average (73)

102 - W. Howard Limited

73 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.9k, the company has an equivalent pay structure (£35.9k)

£38.9k - W. Howard Limited

£35.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £208.9k, this is more efficient (£157k)

£208.9k - W. Howard Limited

£157k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is near the average (44 days)

48 days - W. Howard Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 6 days, this is quicker than average (37 days)

6 days - W. Howard Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 32 days, this is less than average (60 days)

32 days - W. Howard Limited

60 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (15 weeks)

9 weeks - W. Howard Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31%, this is a lower level of debt than the average (45.7%)

31% - W. Howard Limited

45.7% - Industry AVG

W. HOWARD LIMITED financials

EXPORTms excel logo

W. Howard Limited's latest turnover from December 2023 is £21.3 million and the company has net assets of £9 million. According to their latest financial statements, W. Howard Limited has 102 employees and maintains cash reserves of £503.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover21,308,24229,918,14026,636,57819,271,45720,858,98219,534,77417,413,06016,376,89716,453,83515,842,20013,756,19615,731,49013,760,81111,963,0830
Other Income Or Grants000000000000000
Cost Of Sales13,847,35319,904,83016,179,07713,264,76013,869,21513,552,58211,814,99710,643,09910,746,30211,653,53810,078,66711,579,05810,162,8818,659,6270
Gross Profit7,460,88910,013,31010,457,5016,006,6976,989,7675,982,1925,598,0635,733,7985,707,5334,188,6623,677,5294,152,4323,597,9303,303,4564,210,762
Admin Expenses6,284,8797,395,7236,907,1675,299,3565,924,3795,065,3494,552,9494,535,3624,570,8963,344,2363,149,7463,724,7373,048,1943,107,7963,950,606
Operating Profit1,176,0102,617,5873,550,334707,3411,065,388916,8431,045,1141,198,4361,136,637844,426527,783427,695549,736195,660260,156
Interest Payable202,325174,199150,798131,854144,912137,662112,071109,737106,03789,36180,78476,19449,50362,96943,296
Interest Receivable12,00012,00012,00012,00015,42112,03112,00031,23830,34212,00012,00010,20210,20021,78514,667
Pre-Tax Profit985,6852,455,3883,411,536587,487935,897791,212945,0431,119,9371,060,942767,065458,999361,703510,433154,476231,527
Tax-233,076-437,721-689,900-181,754-200,225-191,307-117,289-154,514-107,024-110,76817,4728,345-33,509-1,583-72,821
Profit After Tax752,6092,017,6672,721,636405,733735,672599,905827,754965,423953,918656,297476,471370,048476,924152,893158,706
Dividends Paid416,508747,408728,889208,254416,508416,508416,508416,508416,508416,508312,381312,381357,51600
Retained Profit336,1011,270,2591,992,747197,479319,164183,397411,246548,915537,410239,789164,09057,667119,408152,893158,706
Employee Costs3,967,0854,274,8104,599,0823,533,7443,040,6092,848,8232,904,9963,095,2162,686,6212,510,6782,120,1302,580,2832,309,6832,494,0782,482,668
Number Of Employees1021091161219895111112949286102938681
EBITDA*1,803,0413,330,3834,104,6021,256,4861,512,1051,272,0711,443,9761,620,4401,520,4701,182,756863,741789,349913,296503,958691,848

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,706,2053,997,3323,357,4023,480,6363,049,9842,787,2162,666,5902,930,9702,992,3772,932,3582,614,9212,744,3682,789,2382,906,5672,906,118
Intangible Assets000000000000000
Investments & Other429,306429,306429,426429,426408,165385,665540,915663,915706,665500,50073,0000000
Debtors (Due After 1 year)1,512,4051,561,53556,600000000886,556552,048567,352409,240509,4228,003
Total Fixed Assets5,647,9165,988,1733,843,4283,910,0623,458,1493,172,8813,207,5053,594,8853,699,0424,319,4143,239,9693,311,7203,198,4783,415,9892,914,121
Stock & work in progress1,241,7103,471,0545,010,4211,091,9371,226,4191,138,203933,035661,085623,210684,563701,6921,177,622743,447619,863510,318
Trade Debtors2,812,0154,499,8994,577,4625,360,5744,383,4054,842,2273,851,2004,423,9994,387,9094,070,9833,626,9653,884,9362,826,3072,559,3082,221,424
Group Debtors1,363,7181,381,4411,944,7752,889,0852,674,5982,788,0582,528,4022,385,3381,796,27700000279,892
Misc Debtors1,503,8061,189,8361,283,1131,041,8671,544,0332,280,2552,328,9311,273,913847,836600,784797,651993,514830,025746,6931,045,968
Cash503,692154,260562,184726,4543,917235,787243,694272,172152,610145,249184,165244,9335001,4811,481
misc current assets000000000000000
total current assets7,424,94110,696,49013,377,95511,109,9179,832,37211,284,5309,885,2629,016,5077,807,8425,501,5795,310,4736,301,0054,400,2793,927,3454,059,083
total assets13,072,85716,684,66317,221,38315,019,97913,290,52114,457,41113,092,76712,611,39211,506,8849,820,9938,550,4429,612,7257,598,7577,343,3346,973,204
Bank overdraft350,0003,121,0733,183,1783,735,1413,365,5814,126,9623,137,8833,080,3982,941,7423,078,2342,902,6292,779,3071,455,5991,555,6701,376,707
Bank loan000233,3336,8250000000000
Trade Creditors 255,182272,9991,857,6391,351,1081,738,5232,339,9861,551,888730,702681,988477,127360,5141,766,3501,541,2941,399,0121,139,230
Group/Directors Accounts00108,990013,840100,7833,05700000000
other short term finances000000000000000
hp & lease commitments340,405481,514109,727109,768115,967255,641262,141289,106228,377138,06167,42352,06182,169226,663272,044
other current liabilities1,756,9942,383,8962,707,2972,039,2432,134,8682,246,2352,648,0072,985,6622,513,9852,036,9331,586,2831,709,2391,181,266939,150933,492
total current liabilities2,702,5816,259,4827,966,8317,468,5937,375,6049,069,6077,602,9767,085,8686,366,0925,730,3554,916,8496,306,9574,260,3284,120,4953,721,473
loans484,580816,6671,166,6671,516,66794,695103,476203,170381,052547,599214,356259,54288,278119,446142,065168,498
hp & lease commitments316,361274,712128,667190,187281,311106,265292,089497,414479,326276,11372,89062,65677,15566,043212,478
Accruals and Deferred Income0023,20723,20723,20738,67738,67738,67700022,49632,99600
other liabilities000000000000000
provisions553,754654,322526,790404,851296,709239,555239,421303,193320,417379,810310,091317,354351,515333,326331,743
total long term liabilities1,354,6951,745,7011,845,3312,134,912695,922487,973773,3571,220,3361,347,342870,279642,523490,784581,112541,434712,719
total liabilities4,057,2768,005,1839,812,1629,603,5058,071,5269,557,5808,376,3338,306,2047,713,4346,600,6345,559,3726,797,7414,841,4404,661,9294,434,192
net assets9,015,5818,679,4807,409,2215,416,4745,218,9954,899,8314,716,4344,305,1883,793,4503,220,3592,991,0702,814,9842,757,3172,681,4052,539,012
total shareholders funds9,015,5818,679,4807,409,2215,416,4745,218,9954,899,8314,716,4344,305,1883,793,4503,220,3592,991,0702,814,9842,757,3172,681,4052,539,012
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,176,0102,617,5873,550,334707,3411,065,388916,8431,045,1141,198,4361,136,637844,426527,783427,695549,736195,660260,156
Depreciation627,031712,796554,268549,145446,717355,228398,862422,004383,833338,330335,958361,654363,560308,298431,692
Amortisation000000000000000
Tax-233,076-437,721-689,900-181,754-200,225-191,307-117,289-154,514-107,024-110,76817,4728,345-33,509-1,583-72,821
Stock-2,229,344-1,539,3673,918,484-134,48288,216205,168271,95037,875-61,353-17,129-475,930434,175123,584109,545510,318
Debtors-1,440,767770,761-1,429,576689,490-1,308,5041,202,007625,2831,051,2281,473,699581,659-469,1381,380,230250,149260,1363,555,287
Creditors-17,817-1,584,640506,531-387,415-601,463788,098821,18648,714204,861116,613-1,405,836225,056142,282259,7821,139,230
Accruals and Deferred Income-626,902-346,608668,054-95,625-126,837-401,772-337,655510,354477,052450,650-145,452517,473275,1125,658933,492
Deferred Taxes & Provisions-100,568127,532121,939108,14257,154134-63,772-17,224-59,39369,719-7,263-34,16118,1891,583331,743
Cash flow from operations4,494,7891,857,5522,222,318144,8261,861,02260,049849,213918,667623,6201,144,440267,730-308,343941,637399,717-1,042,113
Investing Activities
capital expenditure-335,904-1,352,726-431,034-979,797-709,485-475,854-134,482-360,597-443,852-655,767-206,511-316,784-246,231-226,598-277,322
Change in Investments0-120021,26122,500-155,250-123,000-42,750206,165427,50073,0000000
cash flow from investments-335,904-1,352,606-431,034-1,001,058-731,985-320,604-11,482-317,847-650,017-1,083,267-279,511-316,784-246,231-226,598-277,322
Financing Activities
Bank loans00-233,333226,5086,8250000000000
Group/Directors Accounts0-108,990108,990-13,840-86,94397,7263,05700000000
Other Short Term Loans 000000000000000
Long term loans-332,087-350,000-350,0001,421,972-8,781-99,694-177,882-166,547333,243-45,186171,264-31,168-22,619-26,433168,498
Hire Purchase and Lease Commitments-99,460517,832-61,561-97,32335,372-192,324-232,29078,817293,529273,86125,596-44,607-133,382-191,816484,522
other long term liabilities000000000000000
share issue0000000-37,17735,681-10,50011,9960-43,496-10,5002,380,306
interest-190,325-162,199-138,798-119,854-129,491-125,631-100,071-78,499-75,695-77,361-68,784-65,992-39,303-41,184-28,629
cash flow from financing-621,872-103,357-674,7021,417,463-183,018-319,923-507,186-203,406586,758140,814140,072-141,767-238,800-269,9333,004,697
cash and cash equivalents
cash349,432-407,924-164,270722,537-231,870-7,907-28,478119,5627,361-38,916-60,768244,433-98101,481
overdraft-2,771,073-62,105-551,963369,560-761,381989,07957,485138,656-136,492175,605123,3221,323,708-100,071178,9631,376,707
change in cash3,120,505-345,819387,693352,977529,511-996,986-85,963-19,094143,853-214,521-184,090-1,079,27599,090-178,963-1,375,226

w. howard 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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W. Howard Limited Competitor Analysis

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Perform a competitor analysis for w. howard limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in M29 area or any other competitors across 12 key performance metrics.

w. howard limited Ownership

W. HOWARD LIMITED group structure

W. Howard Limited has 1 subsidiary company.

W. HOWARD LIMITED Shareholders

w howard group ltd 100%

w. howard limited directors

W. Howard Limited currently has 5 directors. The longest serving directors include Mrs Frances Grant (Jun 1991) and Mr Jonathan Grant (Sep 1994).

officercountryagestartendrole
Mrs Frances Grant83 years Jun 1991- Director
Mr Jonathan Grant59 years Sep 1994- Director
Mr Simon Fleet52 years Jun 2018- Director
Mr Philip Tissington51 years Jun 2019- Director
Mr Stuart Murray44 years Feb 2020- Director

P&L

December 2023

turnover

21.3m

-29%

operating profit

1.2m

-55%

gross margin

35.1%

+4.62%

turnover

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

Balance Sheet

December 2023

net assets

9m

+0.04%

total assets

13.1m

-0.22%

cash

503.7k

+2.27%

net assets

Total assets minus all liabilities

w. howard limited company details

company number

00996161

Type

Private limited with Share Capital

industry

16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

incorporation date

December 1970

age

54

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

w.howard timber limited (December 2000)

w.howard (timber merchants) limited (May 1983)

accountant

-

auditor

JACKSON STEPHEN LLP

address

lower green lane astley, tyldesley, manchester, M29 7JZ

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

w. howard 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 6 charges/mortgages relating to w. howard limited. Currently there are 3 open charges and 3 have been satisfied in the past.

charges

w. howard limited Companies House Filings - See Documents

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