harlow timber systems (eastern) limited
harlow timber systems (eastern) limited Company Information
Company Number
01293560
Next Accounts
Mar 2025
Shareholders
harlow timber group limited
stockclause limited
Group Structure
View All
Industry
Agents involved in the sale of timber and building materials
Registered Address
c/o harlow bros limited, hathern road, loughborough, leicestershire, LE12 5DE
harlow timber systems (eastern) limited Estimated Valuation
Pomanda estimates the enterprise value of HARLOW TIMBER SYSTEMS (EASTERN) LIMITED at £7.7m based on a Turnover of £15.6m and 0.49x industry multiple (adjusted for size and gross margin).
harlow timber systems (eastern) limited Estimated Valuation
Pomanda estimates the enterprise value of HARLOW TIMBER SYSTEMS (EASTERN) LIMITED at £12.1m based on an EBITDA of £2.7m and a 4.53x industry multiple (adjusted for size and gross margin).
harlow timber systems (eastern) limited Estimated Valuation
Pomanda estimates the enterprise value of HARLOW TIMBER SYSTEMS (EASTERN) LIMITED at £4.8m based on Net Assets of £2.4m and 2.02x industry multiple (adjusted for liquidity).
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Harlow Timber Systems (eastern) Limited Overview
Harlow Timber Systems (eastern) Limited is a live company located in loughborough, LE12 5DE with a Companies House number of 01293560. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in January 1977, it's largest shareholder is harlow timber group limited with a 58.3% stake. Harlow Timber Systems (eastern) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.6m with rapid growth in recent years.
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Harlow Timber Systems (eastern) Limited Health Check
Pomanda's financial health check has awarded Harlow Timber Systems (Eastern) 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 £15.6m, make it in line with the average company (£14.6m)
£15.6m - Harlow Timber Systems (eastern) Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (10.1%)
33% - Harlow Timber Systems (eastern) Limited
10.1% - Industry AVG
Production
with a gross margin of 25.6%, this company has a comparable cost of product (27.6%)
25.6% - Harlow Timber Systems (eastern) Limited
27.6% - Industry AVG
Profitability
an operating margin of 15.8% make it more profitable than the average company (6%)
15.8% - Harlow Timber Systems (eastern) Limited
6% - Industry AVG
Employees
with 81 employees, this is above the industry average (34)
81 - Harlow Timber Systems (eastern) Limited
34 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£37.5k)
£33.4k - Harlow Timber Systems (eastern) Limited
£37.5k - Industry AVG
Efficiency
resulting in sales per employee of £192.7k, this is less efficient (£336.4k)
£192.7k - Harlow Timber Systems (eastern) Limited
£336.4k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (48 days)
65 days - Harlow Timber Systems (eastern) Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (47 days)
25 days - Harlow Timber Systems (eastern) Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 35 days, this is less than average (60 days)
35 days - Harlow Timber Systems (eastern) Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (6 weeks)
26 weeks - Harlow Timber Systems (eastern) Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.6%, this is a similar level of debt than the average (57.3%)
62.6% - Harlow Timber Systems (eastern) Limited
57.3% - Industry AVG
HARLOW TIMBER SYSTEMS (EASTERN) LIMITED financials
Harlow Timber Systems (Eastern) Limited's latest turnover from June 2023 is £15.6 million and the company has net assets of £2.4 million. According to their latest financial statements, Harlow Timber Systems (Eastern) Limited has 81 employees and maintains cash reserves of £930.1 thousand 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 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,607,548 | 13,178,643 | 8,308,615 | 6,568,660 | 12,640,692 | 15,037,251 | 17,149,532 | 10,320,529 | 14,119,269 | 15,451,062 | 11,236,087 | 9,318,307 | 9,655,360 | 7,253,854 | 4,579,859 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 11,610,294 | 10,239,703 | 6,726,833 | 5,489,293 | 11,155,498 | 13,364,784 | 15,430,120 | 9,189,642 | 12,889,000 | 14,306,395 | 10,189,393 | 8,325,068 | 8,677,049 | 6,351,695 | 3,800,300 |
| Gross Profit | 3,997,254 | 2,938,940 | 1,581,782 | 1,079,367 | 1,485,194 | 1,672,467 | 1,719,412 | 1,130,887 | 1,230,269 | 1,144,667 | 1,046,694 | 993,239 | 978,311 | 902,159 | 779,559 |
| Admin Expenses | 1,530,358 | 1,808,678 | 1,495,190 | 1,466,357 | 2,445,209 | 2,162,011 | 1,697,499 | 918,885 | 1,007,621 | 932,737 | 872,097 | 874,016 | 851,486 | 795,476 | 741,908 |
| Operating Profit | 2,466,896 | 1,130,262 | 86,592 | -386,990 | -960,015 | -489,544 | 21,913 | 212,002 | 222,648 | 211,930 | 174,597 | 119,223 | 126,825 | 106,683 | 37,651 |
| Interest Payable | 10,266 | 12 | 6 | 2,327 | 14,655 | 26,113 | 29,977 | 22,948 | 16,338 | 25,393 | 20,309 | 17,547 | |||
| Interest Receivable | 23,352 | 36 | 574 | 2 | 58 | ||||||||||
| Pre-Tax Profit | 2,479,982 | 1,130,250 | 86,592 | -386,996 | -959,979 | -488,970 | 19,588 | 197,405 | 196,535 | 181,953 | 151,649 | 102,885 | 101,432 | 86,374 | 20,104 |
| Tax | -371,686 | -203,508 | -34,007 | 14,931 | 16,237 | 64,834 | -122,334 | -125,062 | -31,187 | -23,000 | -32,000 | -38,000 | -23,000 | -3,000 | |
| Profit After Tax | 2,108,296 | 926,742 | 52,585 | -372,065 | -959,979 | -472,733 | 84,422 | 75,071 | 71,473 | 150,766 | 128,649 | 70,885 | 63,432 | 63,374 | 17,104 |
| Dividends Paid | 408,000 | ||||||||||||||
| Retained Profit | 1,700,296 | 926,742 | 52,585 | -372,065 | -959,979 | -472,733 | 84,422 | 75,071 | 71,473 | 150,766 | 128,649 | 70,885 | 63,432 | 63,374 | 17,104 |
| Employee Costs | 2,703,035 | 2,133,156 | 2,579,275 | 2,102,742 | 1,882,187 | 1,229,133 | 1,612,895 | 1,401,225 | 1,293,261 | 1,231,531 | 1,178,713 | 1,043,243 | 871,648 | ||
| Number Of Employees | 81 | 65 | 52 | 67 | 70 | 68 | 54 | 50 | 52 | 45 | 39 | 38 | 37 | 33 | 31 |
| EBITDA* | 2,678,915 | 1,308,335 | 281,551 | -142,003 | -665,401 | -234,007 | 227,836 | 417,925 | 258,648 | 247,930 | 204,941 | 145,957 | 151,052 | 134,607 | 63,709 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,315,188 | 990,286 | 937,335 | 1,112,851 | 1,349,937 | 1,451,573 | 1,340,681 | 868,219 | 680,427 | 628,669 | 520,175 | 288,173 | 291,088 | 298,158 | 285,507 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,315,188 | 990,286 | 937,335 | 1,112,851 | 1,349,937 | 1,451,573 | 1,340,681 | 868,219 | 680,427 | 628,669 | 520,175 | 288,173 | 291,088 | 298,158 | 285,507 |
| Stock & work in progress | 1,139,756 | 1,863,309 | 890,158 | 558,028 | 571,998 | 924,976 | 820,031 | 928,036 | 894,229 | 784,748 | 774,059 | 565,443 | 793,352 | 790,481 | 538,085 |
| Trade Debtors | 2,805,934 | 1,948,260 | 1,545,047 | 863,427 | 1,961,859 | 2,479,053 | 4,903,527 | 3,815,779 | 1,978,981 | 1,851,162 | 1,371,481 | 1,105,010 | 1,364,353 | 1,920,312 | 799,632 |
| Group Debtors | 116,000 | 3,175 | 278 | ||||||||||||
| Misc Debtors | 169,777 | 153,725 | 134,508 | 125,950 | 151,851 | 307,997 | 249,683 | 143,914 | 27,818 | 31,075 | 43,298 | 25,027 | 28,966 | 25,530 | 45,577 |
| Cash | 930,138 | 686,214 | 385,761 | 79,610 | 662,139 | 478,926 | 126,693 | 6,898 | 403,021 | 696,291 | 490,937 | 846,130 | 553,479 | 218,713 | 398 |
| misc current assets | |||||||||||||||
| total current assets | 5,045,605 | 4,767,508 | 2,958,649 | 1,627,293 | 3,347,847 | 4,190,952 | 6,099,934 | 4,894,627 | 3,304,049 | 3,363,276 | 2,679,775 | 2,541,610 | 2,740,150 | 2,955,036 | 1,383,692 |
| total assets | 6,360,793 | 5,757,794 | 3,895,984 | 2,740,144 | 4,697,784 | 5,642,525 | 7,440,615 | 5,762,846 | 3,984,476 | 3,991,945 | 3,199,950 | 2,829,783 | 3,031,238 | 3,253,194 | 1,669,199 |
| Bank overdraft | 24,369 | ||||||||||||||
| Bank loan | 10,000 | 10,000 | |||||||||||||
| Trade Creditors | 818,925 | 1,447,138 | 1,262,811 | 400,740 | 1,907,443 | 2,504,502 | 3,563,781 | 2,856,537 | 2,121,786 | 2,267,797 | 1,780,527 | 1,528,587 | 1,752,141 | 2,005,672 | 484,446 |
| Group/Directors Accounts | 110,144 | 350,095 | 181,679 | 170,230 | 477,068 | 195,286 | 303,063 | 72,625 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 66,254 | 16,733 | 18,805 | 18,805 | 17,148 | 6,806 | 6,806 | 6,806 | |||||||
| other current liabilities | 818,637 | 715,872 | 333,546 | 301,587 | 380,914 | 250,394 | 352,458 | 390,398 | 310,835 | 212,102 | 72,408 | 79,423 | 85,402 | 74,452 | 41,749 |
| total current liabilities | 1,813,960 | 2,513,105 | 1,778,036 | 872,557 | 2,765,425 | 2,950,182 | 4,219,302 | 3,336,293 | 2,461,426 | 2,508,704 | 1,870,083 | 1,614,816 | 1,844,349 | 2,086,930 | 550,564 |
| loans | 1,950,000 | 2,600,000 | 2,400,000 | 2,202,224 | 1,880,000 | 1,680,000 | 1,720,000 | 880,000 | 124,323 | 213,234 | 212,567 | 248,567 | 284,567 | 320,567 | 356,567 |
| hp & lease commitments | 116,980 | 12,029 | 30,833 | 28,892 | 6,641 | 13,448 | 20,255 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 45,231 | ||||||||||||||
| provisions | 100,449 | 14,931 | 14,936 | 31,173 | 115,604 | 76,051 | |||||||||
| total long term liabilities | 2,167,429 | 2,600,000 | 2,400,000 | 2,202,224 | 1,894,931 | 1,694,936 | 1,751,173 | 1,040,835 | 212,403 | 244,067 | 241,459 | 255,208 | 298,015 | 340,822 | 356,567 |
| total liabilities | 3,981,389 | 5,113,105 | 4,178,036 | 3,074,781 | 4,660,356 | 4,645,118 | 5,970,475 | 4,377,128 | 2,673,829 | 2,752,771 | 2,111,542 | 1,870,024 | 2,142,364 | 2,427,752 | 907,131 |
| net assets | 2,379,404 | 644,689 | -282,052 | -334,637 | 37,428 | 997,407 | 1,470,140 | 1,385,718 | 1,310,647 | 1,239,174 | 1,088,408 | 959,759 | 888,874 | 825,442 | 762,068 |
| total shareholders funds | 2,379,404 | 644,689 | -282,052 | -334,637 | 37,428 | 997,407 | 1,470,140 | 1,385,718 | 1,310,647 | 1,239,174 | 1,088,408 | 959,759 | 888,874 | 825,442 | 762,068 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,466,896 | 1,130,262 | 86,592 | -386,990 | -960,015 | -489,544 | 21,913 | 212,002 | 222,648 | 211,930 | 174,597 | 119,223 | 126,825 | 106,683 | 37,651 |
| Depreciation | 212,019 | 178,073 | 194,959 | 244,987 | 294,614 | 255,537 | 205,923 | 205,923 | 36,000 | 36,000 | 30,344 | 26,734 | 24,227 | 27,924 | 26,058 |
| Amortisation | |||||||||||||||
| Tax | -371,686 | -203,508 | -34,007 | 14,931 | 16,237 | 64,834 | -122,334 | -125,062 | -31,187 | -23,000 | -32,000 | -38,000 | -23,000 | -3,000 | |
| Stock | -723,553 | 973,151 | 332,130 | -13,970 | -352,978 | 104,945 | -108,005 | 33,807 | 109,481 | 10,689 | 208,616 | -227,909 | 2,871 | 252,396 | 538,085 |
| Debtors | 757,726 | 535,255 | 693,075 | -1,124,055 | -673,340 | -2,366,160 | 1,193,517 | 1,952,894 | 124,562 | 467,458 | 284,742 | -263,282 | -552,523 | 1,100,633 | 845,209 |
| Creditors | -628,213 | 184,327 | 862,071 | -1,506,703 | -597,059 | -1,059,279 | 707,244 | 734,751 | -146,011 | 487,270 | 251,940 | -223,554 | -253,531 | 1,521,226 | 484,446 |
| Accruals and Deferred Income | 102,765 | 382,326 | 31,959 | -79,327 | 130,520 | -102,064 | -37,940 | 79,563 | 98,733 | 139,694 | -7,015 | -5,979 | 10,950 | 32,703 | 41,749 |
| Deferred Taxes & Provisions | 100,449 | -14,931 | -5 | -16,237 | -84,431 | 39,553 | 76,051 | ||||||||
| Cash flow from operations | 1,848,057 | 163,074 | 116,369 | -590,008 | -105,627 | 865,865 | -207,969 | -837,243 | -71,684 | 365,560 | -66,492 | 375,615 | 420,123 | 312,507 | -796,390 |
| Investing Activities | |||||||||||||||
| capital expenditure | -76,531 | -110,894 | -262,346 | -23,819 | -17,157 | ||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -76,531 | -110,894 | -262,346 | -23,819 | -17,157 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -10,000 | 10,000 | |||||||||||||
| Group/Directors Accounts | -239,951 | 168,416 | 11,449 | -306,838 | 281,782 | -107,777 | 230,438 | 72,625 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -650,000 | 200,000 | 197,776 | 322,224 | 200,000 | -40,000 | 840,000 | 755,677 | -88,911 | 667 | -36,000 | -36,000 | -36,000 | -36,000 | 356,567 |
| Hire Purchase and Lease Commitments | 183,234 | -16,733 | -14,101 | -18,804 | 3,598 | 32,593 | -6,807 | -6,807 | 27,061 | ||||||
| other long term liabilities | -45,231 | 45,231 | |||||||||||||
| share issue | |||||||||||||||
| interest | 13,086 | -12 | -6 | 36 | 574 | -2,325 | -14,597 | -26,113 | -29,977 | -22,948 | -16,338 | -25,393 | -20,309 | -17,547 | |
| cash flow from financing | -659,212 | 368,403 | 209,225 | 15,380 | 481,818 | -147,203 | 1,006,149 | 834,835 | -133,828 | -15,712 | -26,355 | -59,145 | -68,200 | -29,248 | 1,083,984 |
| cash and cash equivalents | |||||||||||||||
| cash | 243,924 | 300,453 | 306,151 | -582,529 | 183,213 | 352,233 | 119,795 | -396,123 | -293,270 | 205,354 | -355,193 | 292,651 | 334,766 | 218,315 | 398 |
| overdraft | -24,369 | 24,369 | |||||||||||||
| change in cash | 243,924 | 300,453 | 306,151 | -582,529 | 183,213 | 352,233 | 119,795 | -396,123 | -293,270 | 205,354 | -355,193 | 292,651 | 334,766 | 242,684 | -23,971 |
harlow timber systems (eastern) limited Credit Report and Business Information
Harlow Timber Systems (eastern) Limited Competitor Analysis
Perform a competitor analysis for harlow timber systems (eastern) 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 LE12 area or any other competitors across 12 key performance metrics.
harlow timber systems (eastern) limited Ownership
HARLOW TIMBER SYSTEMS (EASTERN) LIMITED group structure
Harlow Timber Systems (Eastern) Limited has no subsidiary companies.
Ultimate parent company
1 parent
HARLOW TIMBER SYSTEMS (EASTERN) LIMITED
01293560
harlow timber systems (eastern) limited directors
Harlow Timber Systems (Eastern) Limited currently has 6 directors. The longest serving directors include Mr John Harlow (Oct 2015) and Mr Stuart Dinsdale (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Harlow | England | 64 years | Oct 2015 | - | Director |
| Mr Stuart Dinsdale | England | 45 years | Jan 2020 | - | Director |
| Mr Anthony Atlee | United Kingdom | 57 years | Jan 2021 | - | Director |
| Mr Mathew Hemsley | United Kingdom | 57 years | Jun 2022 | - | Director |
| Mr Neil Sabey | United Kingdom | 53 years | Jun 2022 | - | Director |
| Mrs Gwyneth Plummer | England | 59 years | Nov 2023 | - | Director |
P&L
June 2023turnover
15.6m
+18%
operating profit
2.5m
+118%
gross margin
25.7%
+14.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
2.4m
+2.69%
total assets
6.4m
+0.1%
cash
930.1k
+0.36%
net assets
Total assets minus all liabilities
harlow timber systems (eastern) limited company details
company number
01293560
Type
Private limited with Share Capital
industry
46130 - Agents involved in the sale of timber and building materials
incorporation date
January 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
bolt building supplies limited (December 2019)
pegcroft limited (December 1977)
accountant
-
auditor
CHARNWOOD ACCOUNTANTS AND BUSINE
address
c/o harlow bros limited, hathern road, loughborough, leicestershire, LE12 5DE
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
harlow timber systems (eastern) 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 14 charges/mortgages relating to harlow timber systems (eastern) limited. Currently there are 3 open charges and 11 have been satisfied in the past.
harlow timber systems (eastern) 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 timber systems (eastern) limited Companies House Filings - See Documents
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