Newmarket Garden Machinery Services Limited

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newmarket garden machinery services limited Company Information

Live

MatureSmallHealthy

Company Number

01036634

Website

www.gardenmachineryservices.com

Registered Address

unit 18 acorn business centre, oaks business park, newmarket, suffolk, CB8 7SX

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

01638600202

Next Accounts Due

January 2025

Group Structure

View All

Directors

William Dabbs6 Years

Susan Dabbs2 Years

Shareholders

susan dabbs 50%

william dabbs 50%

newmarket garden machinery services limited Estimated Valuation

£334.1k

Pomanda estimates the enterprise value of NEWMARKET GARDEN MACHINERY SERVICES LIMITED at £334.1k based on a Turnover of £814.5k and 0.41x industry multiple (adjusted for size and gross margin).

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Newmarket Garden Machinery Services Limited is a live company located in newmarket, CB8 7SX with a Companies House number of 01036634. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in December 1971, it's largest shareholder is susan dabbs with a 50% stake. Newmarket Garden Machinery Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £814.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Newmarket Garden Machinery Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £814.5k, make it smaller than the average company (£7.8m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5%)

EXPORT

Newmarket Garden Machinery Services Limited's latest turnover from April 2023 is estimated at £814.5 thousand and the company has net assets of £108 thousand. According to their latest financial statements, Newmarket Garden Machinery Services Limited has 12 employees and maintains cash reserves of £32.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	814,484	804,121	522,107	560,248	473,531	466,101	579,644	514,622	872,696	943,652	956,346	993,781	965,524	964,129
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	453,276	459,498	299,591	332,127	278,093	271,547	344,857	308,013	523,988	579,841	586,555	612,151	590,960	578,102
Gross Profit	361,208	344,623	222,516	228,121	195,438	194,555	234,787	206,609	348,708	363,811	369,791	381,630	374,564	386,027
Admin Expenses	375,459	327,556	207,056	235,934	187,008	248,315	221,141	199,295	307,130	345,551	338,905	421,631	365,204	246,800
Operating Profit	-14,251	17,067	15,460	-7,813	8,430	-53,760	13,646	7,314	41,578	18,260	30,886	-40,001	9,360	139,227
Interest Payable	4,082	3,353	2,075	290	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,775	531	86	68	537	334	116	184	147	149	90	107	124	42
Pre-Tax Profit	-16,558	14,244	13,472	-8,035	8,967	-53,426	13,762	7,498	41,725	18,409	30,975	-39,894	9,484	139,269
Tax	0	-2,706	-2,560	0	-1,704	0	-2,615	-1,499	-8,345	-3,866	-7,124	0	-2,466	-38,995
Profit After Tax	-16,558	11,538	10,912	-8,035	7,263	-53,426	11,147	5,998	33,380	14,543	23,851	-39,894	7,018	100,274
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-16,558	11,538	10,912	-8,035	7,263	-53,426	11,147	5,998	33,380	14,543	23,851	-39,894	7,018	100,274
Employee Costs	299,895	246,207	220,753	216,766	153,416	127,519	125,333	103,824	153,754	163,146	158,400	181,530	163,418	185,907
Number Of Employees	12	11	10	10	7	6	6	5	8	8	8	9	9	10
EBITDA*	2,115	31,495	25,867	597	15,515	-50,699	17,728	12,757	42,628	19,526	32,523	-38,083	11,407	141,776

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	58,290	56,156	47,146	40,801	39,960	9,188	12,249	16,331	3,154	3,798	4,914	5,756	6,135	7,646
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	58,290	56,156	47,146	40,801	39,960	9,188	12,249	16,331	3,154	3,798	4,914	5,756	6,135	7,646
Stock & work in progress	259,332	243,678	170,000	137,797	144,869	130,600	249,974	250,217	263,599	262,457	267,525	260,819	306,681	289,216
Trade Debtors	11,332	24,750	11,731	5,207	10,448	10,425	13,841	12,457	26,829	25,030	22,034	29,687	20,701	25,433
Group Debtors	0	0	0	0	0	0	12,000	12,000	0	0	0	0	0	0
Misc Debtors	0	1,500	1,500	15,588	3,241	1,816	2,081	3,107	0	0	0	0	0	0
Cash	32,461	51,057	90,528	81,511	53,866	89,363	44,346	48,581	25,014	33,769	25,672	10,146	32,667	16,902
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	303,125	320,985	273,759	240,103	212,424	232,204	322,242	326,362	315,442	321,256	315,231	300,652	360,049	331,551
total assets	361,415	377,141	320,905	280,904	252,384	241,392	334,491	342,693	318,596	325,054	320,145	306,408	366,184	339,197
Bank overdraft	7,594	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	137,787	161,633	105,661	122,243	102,093	99,575	99,060	98,285	179,210	219,011	228,535	239,008	258,598	238,561
Group/Directors Accounts	18,057	9	9	26,000	26,000	0	43,203	68,203	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	24,312	23,478	31,777	14,955	14,135	38,924	34,930	30,821	0	0	0	0	0	0
total current liabilities	187,750	185,120	137,447	163,198	142,228	138,499	177,193	197,309	179,210	219,011	228,535	239,008	258,598	238,561
loans	31,225	40,833	58,521	9,503	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	34,427	26,617	11,904	6,082	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	979	212	212	249	359	0	292	360
total long term liabilities	65,652	67,450	70,425	15,585	0	0	979	212	212	249	359	0	292	360
total liabilities	253,402	252,570	207,872	178,783	142,228	138,499	178,172	197,521	179,422	219,260	228,894	239,008	258,890	238,921
net assets	108,013	124,571	113,033	102,121	110,156	102,893	156,319	145,172	139,174	105,794	91,251	67,400	107,294	100,276
total shareholders funds	108,013	124,571	113,033	102,121	110,156	102,893	156,319	145,172	139,174	105,794	91,251	67,400	107,294	100,276

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-14,251	17,067	15,460	-7,813	8,430	-53,760	13,646	7,314	41,578	18,260	30,886	-40,001	9,360	139,227
Depreciation	16,366	14,428	10,407	8,410	7,085	3,061	4,082	5,443	1,050	1,266	1,637	1,918	2,047	2,549
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,706	-2,560	0	-1,704	0	-2,615	-1,499	-8,345	-3,866	-7,124	0	-2,466	-38,995
Stock	15,654	73,678	32,203	-7,072	14,269	-119,374	-243	-13,382	1,142	-5,068	6,706	-45,862	17,465	289,216
Debtors	-14,918	13,019	-7,564	7,106	1,448	-15,681	358	735	1,799	2,996	-7,653	8,986	-4,732	25,433
Creditors	-23,846	55,972	-16,582	20,150	2,518	515	775	-80,925	-39,801	-9,524	-10,473	-19,590	20,037	238,561
Accruals and Deferred Income	834	-8,299	16,822	820	-24,789	3,994	4,109	30,821	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-979	767	0	-37	-110	359	-292	-68	360
Cash flow from operations	-21,633	-10,235	-1,092	21,533	-24,177	87,886	20,649	-26,199	-8,496	8,098	16,232	-21,089	16,177	27,053
Investing Activities
capital expenditure	-18,500	-23,438	-16,752	-9,251	-37,857	0	0	-18,620	-406	-150	-795	-1,539	-536	-10,195
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-18,500	-23,438	-16,752	-9,251	-37,857	0	0	-18,620	-406	-150	-795	-1,539	-536	-10,195
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	18,048	0	-25,991	0	26,000	-43,203	-25,000	68,203	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,608	-17,688	49,018	9,503	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	7,810	14,713	5,822	6,082	0	0	0	0	0	0	0	0	0	0
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	2
interest	-2,307	-2,822	-1,989	-222	537	334	116	184	147	149	90	107	124	42
cash flow from financing	13,943	-5,797	26,860	15,363	26,537	-42,869	-24,884	68,387	147	149	90	107	124	44
cash and cash equivalents
cash	-18,596	-39,471	9,017	27,645	-35,497	45,017	-4,235	23,567	-8,755	8,097	15,526	-22,521	15,765	16,902
overdraft	7,594	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-26,190	-39,471	9,017	27,645	-35,497	45,017	-4,235	23,567	-8,755	8,097	15,526	-22,521	15,765	16,902

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NEWMARKET GARDEN MACHINERY SERVICES LIMITED group structure

Newmarket Garden Machinery Services Limited has no subsidiary companies.

Ultimate parent company

NEWMARKET GARDEN MACHINERY SERVICES LIMITED

01036634

NEWMARKET GARDEN MACHINERY SERVICES LIMITED Shareholders

susan dabbs	50%
william dabbs	50%

Newmarket Garden Machinery Services Limited currently has 2 directors. The longest serving directors include Mr William Dabbs (May 2018) and Mrs Susan Dabbs (Aug 2022).

officer	country	age	start	end	role
Mr William Dabbs	United Kingdom	74 years	May 2018	-	Director
Mrs Susan Dabbs	England	70 years	Aug 2022	-	Director

P&L

April 2023

turnover

814.5k

+1%

operating profit

-14.3k

gross margin

44.4%

+3.48%

turnover

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

Balance Sheet

April 2023

net assets

108k

-0.13%

total assets

361.4k

-0.04%

cash

32.5k

-0.36%

net assets

Total assets minus all liabilities

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company number

01036634

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

December 1971

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 18 acorn business centre, oaks business park, newmarket, suffolk, CB8 7SX

last accounts submitted

April 2023

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 did not find charges/mortgages relating to newmarket garden machinery services limited.

newmarket garden machinery services limited Company Information

newmarket garden machinery services limited Estimated Valuation

newmarket garden machinery services limited Estimated Valuation

newmarket garden machinery services limited Estimated Valuation

Newmarket Garden Machinery Services Limited Overview

Newmarket Garden Machinery Services Limited Health Check

NEWMARKET GARDEN MACHINERY SERVICES LIMITED financials

newmarket garden machinery services limited Credit Report and Business Information

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newmarket garden machinery services limited Ownership

newmarket garden machinery services limited directors

newmarket garden machinery services limited company details

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