paul smith limited
paul smith limited Company Information
Company Number
01170719
Website
www.paulsmith.co.ukRegistered Address
the poplars lenton lane, nottingham, NG7 2PW
Industry
Retail sale of clothing in specialised stores
Wholesale of clothing and footwear
Telephone
01159868877
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
paul smith holdings ltd 100%
paul smith limited Estimated Valuation
Pomanda estimates the enterprise value of PAUL SMITH LIMITED at £122.7m based on a Turnover of £152.6m and 0.8x industry multiple (adjusted for size and gross margin).
paul smith limited Estimated Valuation
Pomanda estimates the enterprise value of PAUL SMITH LIMITED at £0 based on an EBITDA of £-8m and a 8.2x industry multiple (adjusted for size and gross margin).
paul smith limited Estimated Valuation
Pomanda estimates the enterprise value of PAUL SMITH LIMITED at £58m based on Net Assets of £24.6m and 2.35x industry multiple (adjusted for liquidity).
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Paul Smith Limited Overview
Paul Smith Limited is a live company located in nottingham, NG7 2PW with a Companies House number of 01170719. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in May 1974, it's largest shareholder is paul smith holdings ltd with a 100% stake. Paul Smith Limited is a mature, mega sized company, Pomanda has estimated its turnover at £152.6m with low growth in recent years.
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Paul Smith Limited Health Check
Pomanda's financial health check has awarded Paul Smith Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £152.6m, make it larger than the average company (£12.5m)
£152.6m - Paul Smith Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.6%)
1% - Paul Smith Limited
4.6% - Industry AVG
Production
with a gross margin of 40%, this company has a comparable cost of product (41%)
40% - Paul Smith Limited
41% - Industry AVG
Profitability
an operating margin of -7.6% make it less profitable than the average company (4.4%)
-7.6% - Paul Smith Limited
4.4% - Industry AVG
Employees
with 926 employees, this is above the industry average (52)
926 - Paul Smith Limited
52 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has an equivalent pay structure (£31.1k)
£36.7k - Paul Smith Limited
£31.1k - Industry AVG
Efficiency
resulting in sales per employee of £164.8k, this is less efficient (£222k)
£164.8k - Paul Smith Limited
£222k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (28 days)
14 days - Paul Smith Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (38 days)
74 days - Paul Smith Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 197 days, this is more than average (141 days)
197 days - Paul Smith Limited
141 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (12 weeks)
4 weeks - Paul Smith Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.1%, this is a higher level of debt than the average (67.9%)
87.1% - Paul Smith Limited
67.9% - Industry AVG
paul smith limited Credit Report and Business Information
Paul Smith Limited Competitor Analysis
Perform a competitor analysis for paul smith limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
paul smith limited Ownership
PAUL SMITH LIMITED group structure
Paul Smith Limited has no subsidiary companies.
Ultimate parent company
2 parents
PAUL SMITH LIMITED
01170719
paul smith limited directors
Paul Smith Limited currently has 3 directors. The longest serving directors include Sir Paul Smith (Mar 1991) and Mr Glynn Chilton (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Sir Paul Smith | 77 years | Mar 1991 | - | Director | |
| Mr Glynn Chilton | 51 years | Jul 2014 | - | Director | |
| Mr Ashley Long | England | 61 years | Jul 2014 | - | Director |
PAUL SMITH LIMITED financials
Paul Smith Limited's latest turnover from June 2023 is £152.6 million and the company has net assets of £24.6 million. According to their latest financial statements, Paul Smith Limited has 926 employees and maintains cash reserves of £13.8 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 | 152,589,000 | 146,898,000 | 123,849,000 | 148,971,000 | 177,207,000 | 165,013,000 | 159,178,000 | 157,512,000 | 171,289,000 | 187,854,000 | 176,683,000 | 178,799,000 | 171,620,000 | 152,829,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 91,589,000 | 88,035,000 | 78,389,000 | 74,315,000 | 86,583,000 | 82,159,000 | 74,754,000 | 71,617,000 | 75,112,000 | 84,342,000 | 79,224,000 | 79,969,000 | 75,927,000 | 69,113,000 |
| Gross Profit | 61,000,000 | 58,863,000 | 45,460,000 | 74,656,000 | 90,624,000 | 82,854,000 | 84,424,000 | 85,895,000 | 96,177,000 | 103,512,000 | 97,459,000 | 98,830,000 | 95,693,000 | 83,716,000 |
| Admin Expenses | 72,623,000 | 66,380,000 | 69,841,000 | 90,252,000 | 91,807,000 | 84,686,000 | 83,357,000 | 79,615,000 | 93,892,000 | 86,786,000 | 79,109,000 | 74,013,000 | 68,306,000 | 62,760,000 |
| Operating Profit | -11,623,000 | -7,517,000 | -24,381,000 | -15,596,000 | -1,183,000 | -1,832,000 | 1,067,000 | 6,280,000 | 2,285,000 | 16,726,000 | 18,350,000 | 24,817,000 | 27,387,000 | 20,956,000 |
| Interest Payable | 3,151,000 | 1,311,000 | 1,105,000 | 1,087,000 | 900,000 | 784,000 | 678,000 | 368,000 | 300,000 | 296,000 | 272,000 | 448,000 | 442,000 | 389,000 |
| Interest Receivable | 338,000 | 141,000 | 128,000 | 180,000 | 89,000 | 111,000 | 169,000 | 114,000 | 330,000 | 306,000 | 317,000 | 484,000 | 437,000 | 339,000 |
| Pre-Tax Profit | -14,436,000 | -8,687,000 | -25,358,000 | -16,503,000 | -1,994,000 | -2,505,000 | 558,000 | 6,026,000 | 2,315,000 | 18,366,000 | 18,395,000 | 24,853,000 | 27,382,000 | 20,906,000 |
| Tax | -1,195,000 | 592,000 | 80,000 | 39,000 | -582,000 | -660,000 | -1,931,000 | -1,188,000 | -3,055,000 | -4,733,000 | -5,153,000 | -7,889,000 | -9,093,000 | -6,923,000 |
| Profit After Tax | -15,631,000 | -8,095,000 | -25,278,000 | -16,464,000 | -2,576,000 | -3,165,000 | -1,373,000 | 4,838,000 | -740,000 | 13,633,000 | 13,242,000 | 16,964,000 | 18,289,000 | 13,983,000 |
| Dividends Paid | 0 | 0 | 23,519,000 | 346,000 | 2,848,000 | 2,323,000 | 6,240,000 | 24,382,000 | 3,660,000 | 5,162,000 | 13,806,000 | 4,587,000 | 309,000 | 3,451,000 |
| Retained Profit | -15,631,000 | -8,095,000 | -48,797,000 | -16,810,000 | -5,424,000 | -5,488,000 | -7,613,000 | -19,544,000 | -4,400,000 | 8,471,000 | -564,000 | 12,377,000 | 17,980,000 | 10,532,000 |
| Employee Costs | 33,997,000 | 32,818,000 | 31,606,000 | 36,414,000 | 37,560,000 | 32,911,000 | 33,702,000 | 34,008,000 | 34,522,000 | 34,651,000 | 37,273,000 | 32,456,000 | 32,121,000 | 30,420,000 |
| Number Of Employees | 926 | 887 | 860 | 1,061 | 951 | 940 | 924 | 929 | 957 | 903 | 856 | 836 | 792 | 747 |
| EBITDA* | -8,013,000 | -3,131,000 | -19,926,000 | -9,937,000 | 4,134,000 | 2,859,000 | 5,710,000 | 12,544,000 | 6,978,000 | 21,149,000 | 22,608,000 | 28,825,000 | 30,950,000 | 23,642,000 |
* 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 | 41,146,000 | 41,768,000 | 56,359,000 | 45,426,000 | 64,734,000 | 66,192,000 | 67,452,000 | 48,957,000 | 53,769,000 | 50,480,000 | 57,076,000 | 47,382,000 | 40,769,000 | 18,613,000 |
| Intangible Assets | 1,244,000 | 1,927,000 | 3,937,000 | 5,122,000 | 6,786,000 | 7,355,000 | 5,486,000 | 3,722,000 | 3,039,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 18,729,000 | 16,599,000 | 3,459,000 | 17,629,000 | 3,459,000 | 3,383,000 | 3,383,000 | 3,383,000 | 3,383,000 | 3,383,000 | 3,383,000 | 3,383,000 | 3,383,000 | 3,383,000 |
| Debtors (Due After 1 year) | 0 | 709,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 61,119,000 | 61,003,000 | 63,755,000 | 68,177,000 | 74,979,000 | 76,930,000 | 76,321,000 | 56,062,000 | 60,191,000 | 53,863,000 | 60,459,000 | 50,765,000 | 44,152,000 | 21,996,000 |
| Stock & work in progress | 49,477,000 | 40,416,000 | 42,925,000 | 49,691,000 | 50,870,000 | 47,232,000 | 40,471,000 | 40,505,000 | 39,946,000 | 41,093,000 | 40,906,000 | 36,029,000 | 31,399,000 | 25,093,000 |
| Trade Debtors | 6,015,000 | 7,307,000 | 6,301,000 | 13,288,000 | 13,341,000 | 10,306,000 | 11,442,000 | 11,790,000 | 11,091,000 | 11,171,000 | 11,042,000 | 13,788,000 | 15,015,000 | 12,461,000 |
| Group Debtors | 35,894,000 | 34,365,000 | 29,968,000 | 39,014,000 | 44,708,000 | 49,881,000 | 38,544,000 | 43,621,000 | 29,388,000 | 28,403,000 | 25,051,000 | 19,902,000 | 14,874,000 | 15,561,000 |
| Misc Debtors | 12,478,000 | 11,764,000 | 9,113,000 | 15,733,000 | 23,887,000 | 27,136,000 | 31,602,000 | 35,067,000 | 38,351,000 | 40,188,000 | 46,093,000 | 50,616,000 | 52,317,000 | 56,527,000 |
| Cash | 13,758,000 | 21,808,000 | 24,967,000 | 7,642,000 | 3,389,000 | 10,950,000 | 22,408,000 | 19,770,000 | 26,234,000 | 24,886,000 | 23,670,000 | 34,293,000 | 30,772,000 | 31,487,000 |
| misc current assets | 12,398,000 | 19,129,000 | 15,010,000 | 0 | 0 | 99,000 | 99,000 | 6,297,000 | 6,246,000 | 16,132,000 | 0 | 0 | 0 | 0 |
| total current assets | 130,020,000 | 134,789,000 | 128,284,000 | 125,368,000 | 136,195,000 | 145,604,000 | 144,566,000 | 157,050,000 | 151,256,000 | 161,873,000 | 146,762,000 | 154,628,000 | 144,377,000 | 141,129,000 |
| total assets | 191,139,000 | 195,792,000 | 192,039,000 | 193,545,000 | 211,174,000 | 222,534,000 | 220,887,000 | 213,112,000 | 211,447,000 | 215,736,000 | 207,221,000 | 205,393,000 | 188,529,000 | 163,125,000 |
| Bank overdraft | 2,160,000 | 2,204,000 | 2,197,000 | 1,784,000 | 8,756,000 | 2,137,000 | 2,057,000 | 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 | 18,728,000 | 20,089,000 | 13,863,000 | 10,974,000 | 14,702,000 | 16,768,000 | 15,686,000 | 13,603,000 | 12,286,000 | 16,094,000 | 18,751,000 | 19,329,000 | 15,707,000 | 13,517,000 |
| Group/Directors Accounts | 125,108,000 | 107,290,000 | 100,368,000 | 44,068,000 | 55,644,000 | 65,923,000 | 57,617,000 | 56,428,000 | 35,177,000 | 31,147,000 | 27,504,000 | 22,991,000 | 21,993,000 | 21,111,000 |
| other short term finances | 0 | 0 | 0 | 870,000 | 712,000 | 157,000 | 272,000 | 740,000 | 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 | 8,685,000 | 11,241,000 | 10,028,000 | 18,318,000 | 9,862,000 | 8,131,000 | 8,419,000 | 8,074,000 | 9,208,000 | 12,320,000 | 13,262,000 | 14,805,000 | 14,938,000 | 10,586,000 |
| total current liabilities | 154,681,000 | 140,824,000 | 126,456,000 | 76,014,000 | 89,676,000 | 93,116,000 | 84,051,000 | 78,845,000 | 56,671,000 | 59,561,000 | 59,517,000 | 57,125,000 | 52,638,000 | 45,214,000 |
| loans | 9,302,000 | 11,468,000 | 13,657,000 | 18,696,000 | 11,002,000 | 12,532,000 | 14,945,000 | 7,221,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 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 | 2,518,000 | 2,816,000 | 3,499,000 | 4,427,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,820,000 | 14,284,000 | 17,156,000 | 23,123,000 | 11,002,000 | 12,532,000 | 14,945,000 | 7,221,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 166,501,000 | 155,108,000 | 143,612,000 | 99,137,000 | 100,678,000 | 105,648,000 | 98,996,000 | 86,066,000 | 56,671,000 | 59,561,000 | 59,517,000 | 57,125,000 | 52,638,000 | 45,214,000 |
| net assets | 24,638,000 | 40,684,000 | 48,427,000 | 94,408,000 | 110,496,000 | 116,886,000 | 121,891,000 | 127,046,000 | 154,776,000 | 156,175,000 | 147,704,000 | 148,268,000 | 135,891,000 | 117,911,000 |
| total shareholders funds | 24,638,000 | 40,684,000 | 48,427,000 | 94,408,000 | 110,496,000 | 116,886,000 | 121,891,000 | 127,046,000 | 154,776,000 | 156,175,000 | 147,704,000 | 148,268,000 | 135,891,000 | 117,911,000 |
| 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 | -11,623,000 | -7,517,000 | -24,381,000 | -15,596,000 | -1,183,000 | -1,832,000 | 1,067,000 | 6,280,000 | 2,285,000 | 16,726,000 | 18,350,000 | 24,817,000 | 27,387,000 | 20,956,000 |
| Depreciation | 2,282,000 | 2,361,000 | 2,332,000 | 3,646,000 | 3,508,000 | 3,799,000 | 4,381,000 | 4,785,000 | 4,693,000 | 4,423,000 | 4,258,000 | 4,008,000 | 3,563,000 | 2,686,000 |
| Amortisation | 1,328,000 | 2,025,000 | 2,123,000 | 2,013,000 | 1,809,000 | 892,000 | 262,000 | 1,479,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,195,000 | 592,000 | 80,000 | 39,000 | -582,000 | -660,000 | -1,931,000 | -1,188,000 | -3,055,000 | -4,733,000 | -5,153,000 | -7,889,000 | -9,093,000 | -6,923,000 |
| Stock | 9,061,000 | -2,509,000 | -6,766,000 | -1,179,000 | 3,638,000 | 6,761,000 | -34,000 | 559,000 | -1,147,000 | 187,000 | 4,877,000 | 4,630,000 | 6,306,000 | 25,093,000 |
| Debtors | 242,000 | 8,763,000 | -22,653,000 | -13,901,000 | -5,387,000 | 5,735,000 | -8,890,000 | 11,648,000 | -932,000 | -2,424,000 | -2,120,000 | 2,100,000 | -2,343,000 | 84,549,000 |
| Creditors | -1,361,000 | 6,226,000 | 2,889,000 | -3,728,000 | -2,066,000 | 1,082,000 | 2,083,000 | 1,317,000 | -3,808,000 | -2,657,000 | -578,000 | 3,622,000 | 2,190,000 | 13,517,000 |
| Accruals and Deferred Income | -2,556,000 | 1,213,000 | -8,290,000 | 8,456,000 | 1,731,000 | -288,000 | 345,000 | -1,134,000 | -3,112,000 | -942,000 | -1,543,000 | -133,000 | 4,352,000 | 10,586,000 |
| Deferred Taxes & Provisions | -298,000 | -683,000 | -928,000 | 4,427,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -22,726,000 | -2,037,000 | 3,244,000 | 14,337,000 | 4,966,000 | -9,503,000 | 15,131,000 | -668,000 | -918,000 | 15,054,000 | 12,577,000 | 17,695,000 | 24,436,000 | -68,820,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 2,130,000 | 13,140,000 | -14,170,000 | 14,170,000 | 76,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,383,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 17,818,000 | 6,922,000 | 56,300,000 | -11,576,000 | -10,279,000 | 8,306,000 | 1,189,000 | 21,251,000 | 4,030,000 | 3,643,000 | 4,513,000 | 998,000 | 882,000 | 21,111,000 |
| Other Short Term Loans | 0 | 0 | -870,000 | 158,000 | 555,000 | -115,000 | -468,000 | 740,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,166,000 | -2,189,000 | -5,039,000 | 7,694,000 | -1,530,000 | -2,413,000 | 7,724,000 | 7,221,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 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 | ||||||||||||||
| interest | -2,813,000 | -1,170,000 | -977,000 | -907,000 | -811,000 | -673,000 | -509,000 | -254,000 | 30,000 | 10,000 | 45,000 | 36,000 | -5,000 | -50,000 |
| cash flow from financing | 12,424,000 | 3,915,000 | 52,230,000 | -3,909,000 | -13,031,000 | 5,588,000 | 10,394,000 | 20,772,000 | 7,061,000 | 3,653,000 | 4,558,000 | 1,034,000 | 877,000 | 128,440,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -8,050,000 | -3,159,000 | 17,325,000 | 4,253,000 | -7,561,000 | -11,458,000 | 2,638,000 | -6,464,000 | 1,348,000 | 1,216,000 | -10,623,000 | 3,521,000 | -715,000 | 31,487,000 |
| overdraft | -44,000 | 7,000 | 413,000 | -6,972,000 | 6,619,000 | 80,000 | 2,057,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -8,006,000 | -3,166,000 | 16,912,000 | 11,225,000 | -14,180,000 | -11,538,000 | 581,000 | -6,464,000 | 1,348,000 | 1,216,000 | -10,623,000 | 3,521,000 | -715,000 | 31,487,000 |
P&L
June 2023turnover
152.6m
+4%
operating profit
-11.6m
+55%
gross margin
40%
-0.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
24.6m
-0.39%
total assets
191.1m
-0.02%
cash
13.8m
-0.37%
net assets
Total assets minus all liabilities
Similar Companies
paul smith limited company details
company number
01170719
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
46420 - Wholesale of clothing and footwear
incorporation date
May 1974
age
50
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
the poplars lenton lane, nottingham, NG7 2PW
last accounts submitted
June 2023
paul smith 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 19 charges/mortgages relating to paul smith limited. Currently there are 8 open charges and 11 have been satisfied in the past.
paul smith limited Companies House Filings - See Documents
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