Pomanda estimates the enterprise value of READ TIMBER LIMITED at £234k based on a Turnover of £763.8k and 0.31x industry multiple (adjusted for size and gross margin).
read timber limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of READ TIMBER LIMITED at £0 based on an EBITDA of £-4k and a 3.2x industry multiple (adjusted for size and gross margin).
read timber limitedEstimated Valuation
£75.4k
Pomanda estimates the enterprise value of READ TIMBER LIMITED at £75.4k based on Net Assets of £37.9k and 1.99x industry multiple (adjusted for liquidity).
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Read Timber LimitedOverview
Read Timber Limited is a live company located in norwich, NR1 1RE with a Companies House number of 01394625. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in October 1978, it's largest shareholder is
john michael grady
with a 100% stake. Read Timber Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£763.8k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Read Timber Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
3 Regular
6 Weak
Size
annual sales of £763.8k, make it smaller than the average company (£13.4m)
£763.8k - Read Timber Limited
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (9.4%)
5% - Read Timber Limited
9.4% - Industry AVG
Production
with a gross margin of 22%, this company has a comparable cost of product (27.4%)
22% - Read Timber Limited
27.4% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (6%)
-0.5% - Read Timber Limited
6% - Industry AVG
Employees
with 5 employees, this is below the industry average (33)
5 - Read Timber Limited
33 - Industry AVG
Pay Structure
on an average salary of £37.3k, the company has an equivalent pay structure (£37.3k)
£37.3k - Read Timber Limited
£37.3k - Industry AVG
Efficiency
resulting in sales per employee of £152.8k, this is less efficient (£334.2k)
£152.8k - Read Timber Limited
£334.2k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (48 days)
54 days - Read Timber Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (47 days)
64 days - Read Timber Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Read Timber Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Read Timber Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78%, this is a higher level of debt than the average (57.4%)
78% - Read Timber Limited
57.4% - Industry AVG
READ TIMBER LIMITED financials
EXPORT
Read Timber Limited's latest turnover from April 2023 is estimated at £763.8 thousand and the company has net assets of £37.9 thousand. According to their latest financial statements, Read Timber Limited has 5 employees and maintains cash reserves of 0 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
763,827
881,736
762,204
657,760
736,858
647,147
641,682
484,654
315,061
269,246
307,500
203,767
223,682
245,709
Other Income Or Grants
Cost Of Sales
595,981
688,590
601,399
523,973
588,770
511,052
509,130
381,871
250,278
214,437
243,473
160,190
175,750
193,544
Gross Profit
167,846
193,146
160,805
133,787
148,088
136,095
132,552
102,783
64,782
54,809
64,026
43,577
47,932
52,165
Admin Expenses
171,861
201,526
129,000
121,677
156,216
142,996
94,594
109,858
52,651
48,579
67,083
41,178
32,864
50,184
Operating Profit
-4,015
-8,380
31,805
12,110
-8,128
-6,901
37,958
-7,075
12,131
6,230
-3,057
2,399
15,068
1,981
Interest Payable
1,271
2,520
2,931
3,626
3,777
3,830
3,809
1,863
Interest Receivable
7
21
20
17
7
3
1
1
Pre-Tax Profit
-4,015
-8,380
31,805
12,110
-8,128
-6,901
36,694
-9,574
9,220
2,622
-6,827
-1,428
11,261
118
Tax
-6,043
-2,301
-6,972
-1,844
-551
-2,928
-33
Profit After Tax
-4,015
-8,380
25,762
9,809
-8,128
-6,901
29,722
-9,574
7,376
2,071
-6,827
-1,428
8,333
85
Dividends Paid
Retained Profit
-4,015
-8,380
25,762
9,809
-8,128
-6,901
29,722
-9,574
7,376
2,071
-6,827
-1,428
8,333
85
Employee Costs
186,506
182,359
142,124
174,386
170,824
197,160
183,454
176,113
29,800
28,308
28,248
28,061
25,686
25,007
Number Of Employees
5
5
4
5
5
6
6
6
1
1
1
1
1
1
EBITDA*
-4,015
-8,380
31,805
12,110
-8,128
-6,901
42,778
-1,357
19,039
10,594
1,873
7,083
19,063
6,941
* 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
57,060
52,337
55,838
59,802
65,422
63,364
67,731
70,918
76,636
83,544
74,907
79,396
77,145
74,468
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
57,060
52,337
55,838
59,802
65,422
63,364
67,731
70,918
76,636
83,544
74,907
79,396
77,145
74,468
Stock & work in progress
29,648
37,589
39,147
37,350
43,884
42,984
28,037
Trade Debtors
114,938
171,919
170,138
104,064
129,710
81,728
88,982
59,439
69,661
54,900
65,763
37,455
43,594
49,198
Group Debtors
Misc Debtors
23,995
17,473
6,175
8,693
7,634
9,005
10,591
17,857
Cash
5,885
2,654
5,288
1,667
1,104
73
286
misc current assets
total current assets
114,938
171,919
170,138
104,064
129,710
105,723
106,455
101,147
109,904
108,028
112,414
91,448
97,242
95,378
total assets
171,998
224,256
225,976
163,866
195,132
169,087
174,186
172,065
186,540
191,572
187,321
170,844
174,387
169,846
Bank overdraft
14,741
7,328
21,670
22,555
57,992
59,852
57,335
Bank loan
Trade Creditors
105,572
138,258
128,019
119,266
163,108
128,384
122,669
85,549
102,413
94,750
99,960
74,786
80,116
86,039
Group/Directors Accounts
other short term finances
hp & lease commitments
3,300
4,175
2,100
2,100
other current liabilities
15,399
total current liabilities
105,572
138,258
128,019
119,266
163,108
128,384
122,669
115,689
113,041
120,595
124,615
134,878
139,968
143,374
loans
25,942
29,529
31,666
35,667
hp & lease commitments
6,325
9,900
875
2,975
Accruals and Deferred Income
1,500
13,245
5,990
9,762
other liabilities
27,021
30,833
41,667
10,300
17,295
17,846
21,759
3,025
provisions
1,372
2,034
1,176
386
total long term liabilities
28,521
44,078
47,657
20,062
17,295
17,846
21,759
30,339
37,888
42,742
36,542
2,975
386
total liabilities
134,093
182,336
175,676
139,328
180,403
146,230
144,428
146,028
150,929
163,337
161,157
137,853
139,968
143,760
net assets
37,905
41,920
50,300
24,538
14,729
22,857
29,758
26,037
35,611
28,235
26,164
32,991
34,419
26,086
total shareholders funds
37,905
41,920
50,300
24,538
14,729
22,857
29,758
26,037
35,611
28,235
26,164
32,991
34,419
26,086
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
-4,015
-8,380
31,805
12,110
-8,128
-6,901
37,958
-7,075
12,131
6,230
-3,057
2,399
15,068
1,981
Depreciation
4,820
5,718
6,908
4,364
4,930
4,684
3,995
4,960
Amortisation
Tax
-6,043
-2,301
-6,972
-1,844
-551
-2,928
-33
Stock
-29,648
-7,941
-1,558
1,797
-6,534
900
14,947
28,037
Debtors
-56,981
1,781
66,074
-25,646
23,987
-732
40,841
-4,047
6,068
-9,804
26,937
-7,725
-12,870
67,055
Creditors
-32,686
10,239
8,753
-43,842
34,724
5,715
37,120
-16,864
7,663
-5,210
25,174
-5,330
-5,923
86,039
Accruals and Deferred Income
-11,745
7,255
-3,772
9,762
-15,399
15,399
Deferred Taxes & Provisions
-1,372
-662
858
1,176
-386
386
Cash flow from operations
8,535
7,333
-35,331
1,375
2,609
-454
44,962
8,504
21,206
14,016
6,644
8,578
7,749
-1,759
Investing Activities
capital expenditure
-4,723
3,501
3,964
5,620
-2,058
4,367
-1,633
-13,001
-441
-6,935
-6,672
-79,428
Change in Investments
cash flow from investments
-4,723
3,501
3,964
5,620
-2,058
4,367
-1,633
-13,001
-441
-6,935
-6,672
-79,428
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-25,942
-3,587
-2,137
-4,001
35,667
Hire Purchase and Lease Commitments
-9,625
-4,450
11,100
-2,100
5,075
other long term liabilities
-3,812
-10,834
31,367
-6,995
-551
-3,913
18,734
3,025
share issue
-26,001
26,001
interest
-1,264
-2,499
-2,911
-3,609
-3,770
-3,827
-3,808
-1,862
cash flow from financing
-3,812
-10,834
31,367
-6,995
-551
-3,913
-34,473
-12,686
-9,498
3,490
29,797
1,248
-3,808
24,139
cash and cash equivalents
cash
-5,885
3,231
-2,634
3,621
563
1,031
-213
286
overdraft
-14,741
7,413
-14,342
-885
-35,437
-1,860
2,517
57,335
change in cash
8,856
-4,182
11,708
4,506
36,000
2,891
-2,730
-57,049
read timber limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for read timber limited. Get real-time insights into read timber limited's credit score, group structure and payment trends.
Perform a competitor analysis for read timber limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NR1 area or any other competitors across 12 key performance metrics.
read timber limited Ownership
READ TIMBER LIMITED group structure
Read Timber Limited has no subsidiary companies.
Ultimate parent company
READ TIMBER LIMITED
01394625
READ TIMBER LIMITED Shareholders
The sole shareholder of Read Timber Limited is John Michael Grady.
john michael grady
100%
read timber limited directors
Read Timber Limited currently has 1 director, Mr John Grady serving since Oct 2006.
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 read timber limited. Currently there are 3 open charges and 2 have been satisfied in the past.
read timber 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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read timber limitedCompanies House Filings - See Documents
