M.p. Smith & Co. Limited

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m.p. smith & co. limited Company Information

Live

MatureMidLow

Company Number

01234802

Website

www.mpsmithandco.com

Registered Address

holloway drive, wardley industrial estate, manchester, M28 2LA

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

Telephone

01484401301

Next Accounts Due

May 2025

Group Structure

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Directors

David Hibbert5 Years

Edward Brady5 Years

View All

Shareholders

stax trade centres limited 100%

m.p. smith & co. limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of M.P. SMITH & CO. LIMITED at £9m based on Net Assets of £4.3m and 2.07x industry multiple (adjusted for liquidity).

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M.p. Smith & Co. Limited is a live company located in manchester, M28 2LA with a Companies House number of 01234802. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in November 1975, it's largest shareholder is stax trade centres limited with a 100% stake. M.p. Smith & Co. Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with low growth in recent years.

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Pomanda's financial health check has awarded M.P. Smith & Co. Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £7.3m, make it smaller than the average company (£18.3m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.3%)

EXPORT

M.P. Smith & Co. Limited's latest turnover from August 2023 is estimated at £7.3 million and the company has net assets of £4.3 million. According to their latest financial statements, M.P. Smith & Co. Limited has 49 employees and maintains cash reserves of £199.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,294,927	7,582,103	7,130,262	6,556,039	6,580,409	6,231,650	6,167,274	6,033,718	6,106,929	6,280,997	6,038,275	6,068,063	5,969,107	5,561,556	5,620,700
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,269,059	5,500,490	5,295,264	4,809,599	4,777,659	4,473,807	4,344,913	4,245,120	4,164,812	4,511,204	4,127,159	4,161,376	4,070,496	3,985,349	3,812,573
Gross Profit	2,025,868	2,081,614	1,834,999	1,746,439	1,802,749	1,757,843	1,822,361	1,788,598	1,942,117	1,769,793	1,911,116	1,906,687	1,898,611	1,576,207	1,808,127
Admin Expenses	6,653,569	1,422,573	1,031,745	1,296,092	1,182,926	1,188,752	1,190,910	1,165,262	1,077,496	837,171	1,040,654	1,049,857	1,062,963	1,497,962	1,714,875
Operating Profit	-4,627,701	659,041	803,254	450,347	619,823	569,091	631,451	623,336	864,621	932,622	870,462	856,830	835,648	78,245	93,252
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,691	4,980	571	500	9,199	0	0	0	0	32	0	0	3	35	224
Pre-Tax Profit	-4,616,010	664,021	803,825	450,847	629,022	595,012	645,000	632,945	864,621	932,654	870,462	868,955	835,651	78,280	93,476
Tax	0	-126,164	-152,727	-85,661	-119,514	-122,172	-128,168	-132,167	-172,919	-199,766	-201,289	-215,779	-217,370	-13,323	-23,086
Profit After Tax	-4,616,010	537,857	651,098	365,186	509,508	472,840	516,832	500,778	691,702	732,888	669,173	653,176	618,281	64,957	70,390
Dividends Paid	0	0	0	0	0	0	0	500,000	600,000	400,000	200,000	0	0	1,200,000	0
Retained Profit	-4,616,010	537,857	651,098	365,186	509,508	472,840	516,832	778	91,702	332,888	469,173	653,176	618,281	-1,135,043	70,390
Employee Costs	1,985,698	1,941,776	1,841,002	1,590,209	1,694,623	1,198,791	1,198,108	1,195,736	1,139,131	1,129,658	1,064,780	1,030,267	1,049,636	1,794,107	1,761,866
Number Of Employees	49	50	53	47	48	50	51	56	51	51	51	51	54	54	53
EBITDA*	-4,584,116	700,616	827,012	463,305	643,273	600,528	697,285	698,560	905,575	997,362	929,033	912,096	892,224	131,542	145,730

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	190,478	176,572	101,189	55,303	1,616,751	1,672,953	1,488,704	1,544,790	1,563,969	1,571,075	913,096	916,781	940,226	944,169	951,225
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	190,478	176,572	101,189	55,303	1,616,751	1,672,953	1,488,704	1,544,790	1,563,969	1,571,075	913,096	916,781	940,226	944,169	951,225
Stock & work in progress	2,651,179	3,146,702	2,635,430	1,857,461	2,423,055	2,102,364	2,322,817	2,309,607	2,370,746	1,965,465	1,761,792	2,366,011	1,944,005	1,798,240	1,735,243
Trade Debtors	683,101	712,434	790,880	860,041	674,569	1,059,123	1,010,643	1,077,656	937,154	1,016,996	1,016,961	849,143	913,051	788,884	805,332
Group Debtors	1,142,132	5,242,605	5,143,590	5,310,334	2,910,610	0	0	0	0	0	0	0	0	0	0
Misc Debtors	64,893	58,131	70,242	85,513	23,631	26,352	22,833	20,284	18,203	220,727	211,226	26,449	20,849	27,225	28,083
Cash	199,767	267,884	301,263	840,366	158,944	2,294,150	1,615,640	1,029,751	1,079,701	1,179,197	1,049,574	451,347	593,586	355,154	572,222
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,741,072	9,427,756	8,941,405	8,953,715	6,190,809	5,481,989	4,971,933	4,437,298	4,405,804	4,382,385	4,039,553	3,692,950	3,471,491	2,969,503	3,140,880
total assets	4,931,550	9,604,328	9,042,594	9,009,018	7,807,560	7,154,942	6,460,637	5,982,088	5,969,773	5,953,460	4,952,649	4,609,731	4,411,717	3,913,672	4,092,105
Bank overdraft	0	0	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	0
Trade Creditors	193,782	201,857	80,017	175,507	113,685	38,274	19,541	41,190	34,596	17,963	88,694	76,526	86,810	81,624	87,492
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	200,000	600,000	900,000	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	9,538	9,538	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	309,231	363,208	517,894	1,048,791	265,033	339,094	340,797	351,031	348,988	438,210	392,825	335,348	379,626	218,048	153,970
total current liabilities	512,551	574,603	597,911	1,224,298	378,718	377,368	360,338	392,221	383,584	456,173	481,519	611,874	1,066,436	1,199,672	241,462
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	23,048	32,586	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	47,978	33,156	18,557	9,692	19,000	22,000	23,000	29,400	26,500	29,300	36,500	32,400	33,000	20,000	21,600
total long term liabilities	71,026	65,742	18,557	9,692	19,000	22,000	23,000	29,400	26,500	29,300	36,500	32,400	33,000	20,000	21,600
total liabilities	583,577	640,345	616,468	1,233,990	397,718	399,368	383,338	421,621	410,084	485,473	518,019	644,274	1,099,436	1,219,672	263,062
net assets	4,347,973	8,963,983	8,426,126	7,775,028	7,409,842	6,755,574	6,077,299	5,560,467	5,559,689	5,467,987	4,434,630	3,965,457	3,312,281	2,694,000	3,829,043
total shareholders funds	4,347,973	8,963,983	8,426,126	7,775,028	7,409,842	6,755,574	6,077,299	5,560,467	5,559,689	5,467,987	4,434,630	3,965,457	3,312,281	2,694,000	3,829,043

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-4,627,701	659,041	803,254	450,347	619,823	569,091	631,451	623,336	864,621	932,622	870,462	856,830	835,648	78,245	93,252
Depreciation	43,585	41,575	23,758	12,958	23,450	31,437	65,834	75,224	40,954	64,740	58,571	55,266	56,576	53,297	52,478
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-126,164	-152,727	-85,661	-119,514	-122,172	-128,168	-132,167	-172,919	-199,766	-201,289	-215,779	-217,370	-13,323	-23,086
Stock	-495,523	511,272	777,969	-565,594	320,691	-220,453	13,210	-61,139	405,281	203,673	-604,219	422,006	145,765	62,997	1,735,243
Debtors	-4,123,044	8,458	-251,176	2,647,078	2,523,335	51,999	-64,464	142,583	-282,366	9,536	352,595	-58,308	117,791	-17,306	833,415
Creditors	-8,075	121,840	-95,490	61,822	75,411	18,733	-21,649	6,594	16,633	-70,731	12,168	-10,284	5,186	-5,868	87,492
Accruals and Deferred Income	-53,977	-154,686	-530,897	783,758	-74,061	-1,703	-10,234	2,043	-89,222	45,385	57,477	-44,278	161,578	64,078	153,970
Deferred Taxes & Provisions	14,822	14,599	8,865	-9,308	-3,000	-1,000	-6,400	2,900	-2,800	-7,200	4,100	-600	13,000	-1,600	21,600
Cash flow from operations	-12,779	36,475	-470,030	-867,568	-2,321,917	662,840	582,088	496,486	534,352	551,841	1,053,113	277,457	591,062	129,138	-2,182,952
Investing Activities
capital expenditure	-57,491	-116,958	-69,644	1,548,490	32,752	-10,251	-9,747	-58,580	-33,848	-22,250	-54,886	-30,471	-56,721	-46,241	-21,701
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-57,491	-116,958	-69,644	1,548,490	32,752	-10,251	-9,747	-58,580	-33,848	-22,250	-54,886	-30,471	-56,721	-46,241	-21,701
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-200,000	-400,000	-300,000	900,000	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	9,538	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-9,538	32,586	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	144,760	205,435	0	0	0	700,469	0	0	0	0	3,758,653
interest	11,691	4,980	571	500	9,199	0	0	0	0	32	0	0	3	35	224
cash flow from financing	2,153	47,104	571	500	153,959	205,435	0	0	0	700,501	-200,000	-400,000	-299,997	900,035	3,758,877
cash and cash equivalents
cash	-68,117	-33,379	-539,103	681,422	-2,135,206	678,510	585,889	-49,950	-99,496	129,623	598,227	-142,239	238,432	-217,068	572,222
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-68,117	-33,379	-539,103	681,422	-2,135,206	678,510	585,889	-49,950	-99,496	129,623	598,227	-142,239	238,432	-217,068	572,222

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m.p. smith & co. limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in M28 area or any other competitors across 12 key performance metrics.

M.P. SMITH & CO. LIMITED group structure

M.P. Smith & Co. Limited has no subsidiary companies.

Ultimate parent company

STAX TRADE CENTRES LIMITED

02235950

1 parent

M.P. SMITH & CO. LIMITED

01234802

M.P. SMITH & CO. LIMITED Shareholders

stax trade centres limited

100%

M.P. Smith & Co. Limited currently has 3 directors. The longest serving directors include Mr David Hibbert (Aug 2019) and Mr Edward Brady (Aug 2019).

officer	country	age	start	end	role
Mr David Hibbert	England	68 years	Aug 2019	-	Director
Mr Edward Brady	England	75 years	Aug 2019	-	Director
Mr Simon Wright	England	56 years	Dec 2019	-	Director

P&L

August 2023

turnover

7.3m

-4%

operating profit

-4.6m

gross margin

27.8%

+1.15%

turnover

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

Balance Sheet

August 2023

net assets

4.3m

-0.51%

total assets

4.9m

-0.49%

cash

199.8k

-0.25%

net assets

Total assets minus all liabilities

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company number

01234802

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

November 1975

ultimate parent company

STAX TRADE CENTRES LIMITED

previous names

N/A

address

holloway drive, wardley industrial estate, manchester, M28 2LA

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 5 charges/mortgages relating to m.p. smith & co. limited. Currently there are 1 open charges and 4 have been satisfied in the past.

m.p. smith & co. limited Company Information

m.p. smith & co. limited Estimated Valuation

m.p. smith & co. limited Estimated Valuation

m.p. smith & co. limited Estimated Valuation

M.p. Smith & Co. Limited Overview

M.p. Smith & Co. Limited Health Check

M.P. SMITH & CO. LIMITED financials

m.p. smith & co. limited Credit Report and Business Information

M.p. Smith & Co. Limited Competitor Analysis

m.p. smith & co. limited Ownership

m.p. smith & co. limited directors

m.p. smith & co. limited company details

m.p. smith & co. limited Charges & Mortgages

m.p. smith & co. limited Companies House Filings - See Documents