Saxon Furniture Limited

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saxon furniture limited Company Information

Live

MatureMidHigh

Company Number

01604592

Website

http://www.sofasbysaxon.com

Registered Address

saxon house, manchester road, bolton, lancashire, BL3 2NZ

Industry

Manufacture of other furniture

Telephone

01204368413

Next Accounts Due

March 2025

Group Structure

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Directors

Matthew Deighton17 Years

Roger Little0 Years

Shareholders

theresa ann jolly 47.5%

robert jolly 47.5%

View All

saxon furniture limited Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of SAXON FURNITURE LIMITED at £7.1m based on Net Assets of £5.8m and 1.22x industry multiple (adjusted for liquidity).

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Saxon Furniture Limited is a live company located in bolton, BL3 2NZ with a Companies House number of 01604592. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in December 1981, it's largest shareholder is theresa ann jolly with a 47.5% stake. Saxon Furniture Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8m with high growth in recent years.

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Pomanda's financial health check has awarded Saxon Furniture Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £8m, make it smaller than the average company (£11.1m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (4.9%)

EXPORT

Saxon Furniture Limited's latest turnover from June 2023 is £8 million and the company has net assets of £5.8 million. According to their latest financial statements, Saxon Furniture Limited has 93 employees and maintains cash reserves of £2.3 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	7,971,719	10,093,389	9,182,570	3,851,983	3,783,476	3,694,829	3,175,014	2,967,071	3,151,954	3,470,313	2,486,059	2,415,700	2,305,836	2,787,447
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,110,303	4,600,063	4,597,960	2,673,391	2,582,966	2,499,366	2,126,523	1,928,470	2,092,397	2,355,069	1,670,481	1,645,202	1,441,719	1,756,327
Gross Profit	3,861,416	5,493,326	4,584,610	1,178,591	1,200,510	1,195,463	1,048,491	1,038,601	1,059,556	1,115,244	815,578	770,497	864,117	1,031,119
Admin Expenses	3,507,322	3,471,237	2,965,115	1,134,471	1,057,165	1,324,135	922,969	909,656	1,033,170	1,080,323	708,553	742,528	791,967	-785,176
Operating Profit	354,094	2,022,089	1,619,495	44,120	143,345	-128,672	125,522	128,945	26,386	34,921	107,025	27,969	72,150	1,816,295
Interest Payable	8,337	5,955	5,742	0	0	0	0	11,494	23,673	25,018	12,839	0	0	0
Interest Receivable	31,950	884	94	936	4,268	3,363	2,162	4,609	4,652	3,625	3,036	3,053	3,377	1,908
Pre-Tax Profit	377,707	2,017,018	1,613,847	45,057	147,612	-125,309	127,684	122,060	7,365	13,528	97,222	31,022	75,527	1,818,203
Tax	-76,340	-393,249	-340,445	-8,561	-28,046	0	-24,260	-24,412	-1,473	-2,841	-22,361	-7,445	-19,637	-509,097
Profit After Tax	301,367	1,623,769	1,273,402	36,496	119,566	-125,309	103,424	97,648	5,892	10,687	74,861	23,577	55,890	1,309,106
Dividends Paid	89,211	315,789	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	212,156	1,307,980	1,273,402	36,496	119,566	-125,309	103,424	97,648	5,892	10,687	74,861	23,577	55,890	1,309,106
Employee Costs	3,239,369	3,460,814	3,184,949	2,628,775	2,480,742	2,426,231	2,007,028	2,003,791	885,657	988,156	691,168	624,272	650,950	795,907
Number Of Employees	93	101	94	86	84	85	71	70	32	36	26	24	26	31
EBITDA*	470,188	2,138,877	1,739,308	161,464	246,041	-18,260	216,713	207,898	112,722	89,947	158,358	65,835	121,122	1,864,636

* 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	4,210,001	4,147,772	2,061,799	1,262,162	1,231,275	1,233,925	1,148,789	1,082,871	1,138,700	1,070,825	1,069,984	1,114,057	1,022,616	1,030,100
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	540,800	540,800	540,800	540,800	540,800	540,800	540,800	540,800	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	4,210,001	4,147,772	2,061,799	1,802,962	1,772,075	1,774,725	1,689,589	1,623,671	1,679,500	1,611,625	1,610,784	1,114,057	1,022,616	1,030,100
Stock & work in progress	835,076	1,044,450	771,346	664,983	530,992	500,896	459,765	376,961	360,736	487,412	428,687	434,522	515,405	465,509
Trade Debtors	27,308	91,162	104,160	42,558	105,031	58,103	80,575	74,534	189,317	185,645	127,968	144,368	99,949	169,570
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	197,499	190,204	185,630	185,763	150,731	202,740	129,761	93,487	0	0	0	0	0	0
Cash	2,281,001	2,869,672	2,370,558	1,201,929	670,686	467,386	877,627	851,676	991,740	869,018	581,116	633,358	587,885	763,078
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,340,884	4,195,488	3,431,694	2,095,233	1,457,440	1,229,125	1,547,728	1,396,658	1,541,793	1,542,075	1,137,771	1,212,248	1,203,239	1,398,157
total assets	7,550,885	8,343,260	5,493,493	3,898,195	3,229,515	3,003,850	3,237,317	3,020,329	3,221,293	3,153,700	2,748,555	2,326,305	2,225,855	2,428,257
Bank overdraft	0	0	0	0	0	0	0	0	21,919	21,094	20,300	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	289,933	424,900	408,408	339,379	260,339	251,240	243,100	260,713	1,250,749	1,214,038	785,270	793,927	788,624	1,085,319
Group/Directors Accounts	42,184	406,973	506,841	750,532	660,705	558,647	650,248	528,386	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	52,421	45,936	53,128	50,483	38,759	44,317	48,697	29,169	46,128	41,901	36,423	38,227	21,230	20,561
other current liabilities	732,518	1,281,801	1,683,325	940,338	505,069	463,711	494,232	568,466	0	0	0	0	0	0
total current liabilities	1,117,056	2,159,610	2,651,702	2,080,732	1,464,872	1,317,915	1,436,277	1,386,734	1,318,796	1,277,033	841,993	832,154	809,854	1,105,880
loans	0	0	0	0	0	0	0	0	331,733	353,652	374,746	0	0	0
hp & lease commitments	82,356	59,811	80,268	58,350	39,648	78,406	84,287	36,536	66,303	31,499	51,233	87,656	42,820	8,190
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	585,939	570,461	82,292	45,275	47,653	49,753	33,668	17,398	22,448	15,495	15,249	16,022	6,285	4,081
total long term liabilities	668,295	630,272	162,560	103,625	87,301	128,159	117,955	53,934	420,484	400,646	441,228	103,678	49,105	12,271
total liabilities	1,785,351	2,789,882	2,814,262	2,184,357	1,552,173	1,446,074	1,554,232	1,440,668	1,739,280	1,677,679	1,283,221	935,832	858,959	1,118,151
net assets	5,765,534	5,553,378	2,679,231	1,713,838	1,677,342	1,557,776	1,683,085	1,579,661	1,482,013	1,476,021	1,465,334	1,390,473	1,366,896	1,310,106
total shareholders funds	5,765,534	5,553,378	2,679,231	1,713,838	1,677,342	1,557,776	1,683,085	1,579,661	1,482,013	1,476,021	1,465,334	1,390,473	1,366,896	1,310,106

	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	354,094	2,022,089	1,619,495	44,120	143,345	-128,672	125,522	128,945	26,386	34,921	107,025	27,969	72,150	1,816,295
Depreciation	116,094	116,788	119,813	117,344	102,696	110,412	91,191	78,953	86,336	55,026	51,333	37,866	48,972	48,341
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-76,340	-393,249	-340,445	-8,561	-28,046	0	-24,260	-24,412	-1,473	-2,841	-22,361	-7,445	-19,637	-509,097
Stock	-209,374	273,104	106,363	133,991	30,096	41,131	82,804	16,225	-126,676	58,725	-5,835	-80,883	49,896	465,509
Debtors	-56,559	-8,424	61,469	-27,441	-5,081	50,507	42,315	-21,296	3,672	57,677	-16,400	44,419	-69,621	169,570
Creditors	-134,967	16,492	69,029	79,040	9,099	8,140	-17,613	-990,036	36,711	428,768	-8,657	5,303	-296,695	1,085,319
Accruals and Deferred Income	-549,283	-401,524	742,987	435,269	41,358	-30,521	-74,234	568,466	0	0	0	0	0	0
Deferred Taxes & Provisions	15,478	488,169	37,017	-2,378	-2,100	16,085	16,270	-5,050	6,953	246	-773	9,737	2,204	4,081
Cash flow from operations	-8,991	1,584,085	2,080,064	558,284	241,337	-116,194	-8,243	-238,063	277,917	399,718	148,802	109,894	-173,281	1,809,860
Investing Activities
capital expenditure	0	0	0	-148,231	-100,046	-195,548	-157,109	-23,124	-154,211	-55,867	-7,260	-129,307	-41,488	-1,078,441
Change in Investments	0	0	-540,800	0	0	0	0	0	0	0	540,800	0	0	0
cash flow from investments	0	0	540,800	-148,231	-100,046	-195,548	-157,109	-23,124	-154,211	-55,867	-548,060	-129,307	-41,488	-1,078,441
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-364,789	-99,868	-243,691	89,827	102,058	-91,601	121,862	528,386	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	0	0	0	0	0	0	0	-331,733	-21,919	-21,094	374,746	0	0	0
Hire Purchase and Lease Commitments	29,030	-27,649	24,563	30,426	-44,316	-10,261	67,279	-46,726	39,031	-14,256	-38,227	61,833	35,299	28,751
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	1,566,167	-308,009	0	0	0	0	0	100	0	0	0	900	1,000
interest	23,613	-5,071	-5,648	936	4,268	3,363	2,162	-6,885	-19,021	-21,393	-9,803	3,053	3,377	1,908
cash flow from financing	-312,146	1,433,579	-532,785	121,189	62,010	-98,499	191,303	143,042	-1,809	-56,743	326,716	64,886	39,576	31,659
cash and cash equivalents
cash	-588,671	499,114	1,168,629	531,243	203,300	-410,241	25,951	-140,064	122,722	287,902	-52,242	45,473	-175,193	763,078
overdraft	0	0	0	0	0	0	0	-21,919	825	794	20,300	0	0	0
change in cash	-588,671	499,114	1,168,629	531,243	203,300	-410,241	25,951	-118,145	121,897	287,108	-72,542	45,473	-175,193	763,078

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SAXON FURNITURE LIMITED group structure

Saxon Furniture Limited has no subsidiary companies.

Ultimate parent company

SAXON FURNITURE LIMITED

01604592

SAXON FURNITURE LIMITED Shareholders

theresa ann jolly	47.5%
robert jolly	47.5%
matthew james deighton	5%

Saxon Furniture Limited currently has 2 directors. The longest serving directors include Mr Matthew Deighton (Apr 2007) and Mr Roger Little (Dec 2023).

officer	country	age	start	end	role
Mr Matthew Deighton		46 years	Apr 2007	-	Director
Mr Roger Little		56 years	Dec 2023	-	Director

P&L

June 2023

turnover

-21%

operating profit

354.1k

-82%

gross margin

48.5%

-11%

turnover

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

Balance Sheet

June 2023

net assets

5.8m

+0.04%

total assets

7.6m

-0.09%

cash

2.3m

-0.21%

net assets

Total assets minus all liabilities

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company number

01604592

Type

Private limited with Share Capital

industry

31090 - Manufacture of other furniture

incorporation date

December 1981

accounts

Full Accounts

ultimate parent company

None

previous names

saxon leather upholstery limited (December 2011)

northern leather upholstery limited (October 1983)

last accounts submitted

June 2023

address

saxon house, manchester road, bolton, lancashire, BL3 2NZ

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 saxon furniture limited. Currently there are 2 open charges and 3 have been satisfied in the past.

saxon furniture limited Company Information

saxon furniture limited Estimated Valuation

saxon furniture limited Estimated Valuation

saxon furniture limited Estimated Valuation

Saxon Furniture Limited Overview

Saxon Furniture Limited Health Check

SAXON FURNITURE LIMITED financials

saxon furniture limited Credit Report and Business Information

Saxon Furniture Limited Competitor Analysis

saxon furniture limited Ownership

saxon furniture limited directors

saxon furniture limited company details

saxon furniture limited Charges & Mortgages

saxon furniture limited Companies House Filings - See Documents