Sherwood Laboratories Limited

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sherwood laboratories limited Company Information

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Company Number

01732557

Website

www.sherwood-labs.co.uk

Registered Address

sherwood laboratories ltd, brunel drive, newark, notinghamshire, NG24 2EG

Industry

Portrait photographic activities

Telephone

01636700321

Next Accounts Due

September 2025

Group Structure

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Directors

Glyn Bagley19 Years

Martin Wrate10 Years

View All

Shareholders

wrates bagley ltd 100%

sherwood laboratories limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of SHERWOOD LABORATORIES LIMITED at £3.3m based on Net Assets of £1.3m and 2.54x industry multiple (adjusted for liquidity).

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Sherwood Laboratories Limited is a live company located in newark, NG24 2EG with a Companies House number of 01732557. It operates in the portrait photographic activities sector, SIC Code 74201. Founded in June 1983, it's largest shareholder is wrates bagley ltd with a 100% stake. Sherwood Laboratories Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Sherwood Laboratories Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £1.1m, make it larger than the average company (£57k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (-8.4%)

EXPORT

Sherwood Laboratories Limited's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £1.3 million. According to their latest financial statements, Sherwood Laboratories Limited has 22 employees and maintains cash reserves of £800.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Apr 2012	Apr 2011	Apr 2010
Turnover	1,088,383	499,167	651,706	1,583,314	1,087,020	666,074	1,215,862	2,023,569	1,978,734	3,235,484	1,816,298	1,952,194	1,157,601	1,711,561	1,642,828
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	748,168	78,969	143,709	860,854	591,491	193,479	391,042	505,888	568,811	905,678	528,328	518,394	264,707	441,099	496,360
Gross Profit	340,215	420,197	507,997	722,459	495,529	472,596	824,819	1,517,680	1,409,924	2,329,806	1,287,971	1,433,800	892,894	1,270,462	1,146,468
Admin Expenses	292,067	332,609	271,463	621,388	390,816	670,402	731,519	1,390,271	1,436,744	2,207,977	1,181,736	999,113	838,580	1,436,436	541,898
Operating Profit	48,148	87,588	236,534	101,071	104,713	-197,806	93,300	127,409	-26,820	121,829	106,235	434,687	54,314	-165,974	604,570
Interest Payable	0	11,083	15,104	7,625	0	0	0	4,261	4,431	6,247	6,247	0	0	0	0
Interest Receivable	43,430	35,286	2,480	802	4,674	4,653	3,150	1,006	1,423	1,842	2,033	1,119	210	520	416
Pre-Tax Profit	91,577	111,791	223,910	94,248	109,386	-193,153	96,451	124,154	-29,828	117,424	102,021	435,807	54,524	-165,454	604,986
Tax	-22,894	-21,240	-42,543	-17,907	-20,783	0	-18,326	-24,831	0	-24,659	-23,465	-104,594	-13,086	0	-169,396
Profit After Tax	68,683	90,551	181,367	76,341	88,603	-193,153	78,125	99,323	-29,828	92,765	78,556	331,213	41,438	-165,454	435,590
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	68,683	90,551	181,367	76,341	88,603	-193,153	78,125	99,323	-29,828	92,765	78,556	331,213	41,438	-165,454	435,590
Employee Costs	357,599	225,708	267,276	299,442	260,000	730,403	585,383	346,907	534,218	1,147,980	307,214	317,830	312,989	477,329	502,594
Number Of Employees	22	21	24	26	26	26	25	24	22	27	12	13	21	33	32
EBITDA*	59,322	101,684	252,999	119,707	127,448	-176,535	117,559	161,818	16,451	175,460	173,032	475,032	120,463	-95,540	697,429

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	35,861	44,175	56,968	59,636	70,944	92,138	75,665	105,232	132,167	373,675	414,223	208,944	206,870	216,358	284,238
Intangible Assets	504	630	787	984	2,214	2,768	3,460	4,326	5,408	0	0	0	0	0	0
Investments & Other	27,000	27,000	27,000	27,000	0	0	0	0	259,150	30,280	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	56,805	47,724	0	0	0	0	0	0	0
Total Fixed Assets	63,365	71,805	84,755	87,620	73,158	94,906	135,930	157,282	396,725	403,955	414,223	208,944	206,870	216,358	284,238
Stock & work in progress	219,344	216,406	111,107	137,681	132,457	103,593	161,753	118,449	142,784	138,973	107,074	148,495	153,884	81,475	104,334
Trade Debtors	201,681	162,707	266,029	163,883	134,641	75,977	120,151	301,507	326,967	391,107	311,684	300,794	185,084	157,702	189,165
Group Debtors	239,056	72,855	107,278	131,575	145,992	276,538	119,295	15,000	48,405	0	0	0	0	0	0
Misc Debtors	30,304	15,399	17,105	54,708	22,317	20,098	25,163	39,190	21,832	0	0	0	0	0	0
Cash	800,363	936,822	1,079,544	904,103	700,873	545,440	695,275	564,905	239,777	329,525	407,169	405,947	42,240	41,756	166,386
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,490,748	1,404,189	1,581,063	1,391,950	1,136,280	1,021,646	1,121,637	1,039,051	779,765	859,605	825,927	855,236	381,208	280,933	459,885
total assets	1,554,113	1,475,994	1,665,818	1,479,570	1,209,438	1,116,552	1,257,567	1,196,333	1,176,490	1,263,560	1,240,150	1,064,180	588,078	497,291	744,123
Bank overdraft	0	0	0	0	0	0	0	0	8,498	0	50,425	0	0	0	0
Bank loan	0	0	50,000	16,667	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	45,382	27,829	36,271	96,414	59,988	49,324	68,690	65,604	47,541	267,410	249,823	383,338	189,724	119,402	122,217
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	5,996	7,183	7,183	7,183	7,183	4,102	5,150	8,227	0	14,604	4,326	4,332	42,515	70,471
other current liabilities	220,549	221,108	249,988	162,963	247,896	243,752	206,368	217,454	166,218	0	0	0	0	0	0
total current liabilities	265,931	254,933	343,442	283,227	315,067	300,259	279,160	288,208	230,484	267,410	314,852	387,664	194,056	161,917	192,688
loans	0	0	183,333	233,333	0	0	0	0	127,842	0	141,788	0	0	0	0
hp & lease commitments	0	0	5,996	13,179	20,362	27,545	690	4,786	9,936	0	31,150	4,077	6,955	0	42,521
Accruals and Deferred Income	0	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	156,735	0	0	6	0	0
provisions	5,495	7,057	9,594	7,745	8,264	11,606	7,422	11,169	15,381	16,740	22,450	21,085	25,482	15,233	23,319
total long term liabilities	5,495	7,057	198,923	254,257	28,626	39,151	8,112	15,955	153,159	173,475	195,388	25,162	32,443	15,233	65,840
total liabilities	271,426	261,990	542,365	537,484	343,693	339,410	287,272	304,163	383,643	440,885	510,240	412,826	226,499	177,150	258,528
net assets	1,282,687	1,214,004	1,123,453	942,086	865,745	777,142	970,295	892,170	792,847	822,675	729,910	651,354	361,579	320,141	485,595
total shareholders funds	1,282,687	1,214,004	1,123,453	942,086	865,745	777,142	970,295	892,170	792,847	822,675	729,910	651,354	361,579	320,141	485,595

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	48,148	87,588	236,534	101,071	104,713	-197,806	93,300	127,409	-26,820	121,829	106,235	434,687	54,314	-165,974	604,570
Depreciation	11,048	13,939	16,268	17,406	22,181	20,579	23,393	33,327	43,271	53,631	66,797	40,345	66,149	70,434	92,859
Amortisation	126	157	197	1,230	554	692	866	1,082	0	0	0	0	0	0	0
Tax	-22,894	-21,240	-42,543	-17,907	-20,783	0	-18,326	-24,831	0	-24,659	-23,465	-104,594	-13,086	0	-169,396
Stock	2,938	105,299	-26,574	5,224	28,864	-58,160	43,304	-24,335	3,811	31,899	-41,421	67,020	72,409	-22,859	104,334
Debtors	220,080	-139,451	40,246	47,216	-69,663	51,199	-82,007	6,217	6,097	79,423	10,890	143,092	27,382	-31,463	189,165
Creditors	17,553	-8,442	-60,143	36,426	10,664	-19,366	3,086	18,063	-219,869	17,587	-133,515	263,936	70,322	-2,815	122,217
Accruals and Deferred Income	-559	-28,880	87,025	-84,933	4,144	37,384	-11,086	51,236	166,218	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,562	-2,537	1,849	-519	-3,342	4,184	-3,747	-4,212	-1,359	-5,710	1,365	5,852	10,249	-8,086	23,319
Cash flow from operations	-171,158	74,737	225,515	334	158,930	-147,372	126,189	220,192	-48,467	51,356	47,948	430,114	88,157	-52,119	380,070
Investing Activities
capital expenditure	-2,734	-1,146	-13,600	-6,098	-987	-37,052	6,174	-6,392	192,829	-13,083	-272,076	-32,931	-56,661	-2,554	-377,097
Change in Investments	0	0	0	27,000	0	0	0	-259,150	228,870	30,280	0	0	0	0	0
cash flow from investments	-2,734	-1,146	-13,600	-33,098	-987	-37,052	6,174	252,758	-36,041	-43,363	-272,076	-32,931	-56,661	-2,554	-377,097
Financing Activities
Bank loans	0	-50,000	33,333	16,667	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-183,333	-50,000	233,333	0	0	0	-127,842	127,842	-141,788	141,788	0	0	0	0
Hire Purchase and Lease Commitments	-5,996	-7,183	-7,183	-7,183	-7,183	29,936	-5,144	-8,227	18,163	-45,754	37,351	-34,112	-31,228	-70,477	112,992
other long term liabilities	0	0	0	0	0	0	0	0	-156,735	156,735	0	0	6	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	50,005
interest	43,430	24,203	-12,624	-6,823	4,674	4,653	3,150	-3,255	-3,008	-4,405	-4,214	1,119	210	520	416
cash flow from financing	37,434	-216,313	-36,474	235,994	-2,509	34,589	-1,994	-139,324	-13,738	-35,212	174,925	-32,993	-31,012	-69,957	163,413
cash and cash equivalents
cash	-136,459	-142,722	175,441	203,230	155,433	-149,835	130,370	325,128	-89,748	-77,644	1,222	364,191	484	-124,630	166,386
overdraft	0	0	0	0	0	0	0	-8,498	8,498	-50,425	50,425	0	0	0	0
change in cash	-136,459	-142,722	175,441	203,230	155,433	-149,835	130,370	333,626	-98,246	-27,219	-49,203	364,191	484	-124,630	166,386

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SHERWOOD LABORATORIES LIMITED group structure

Sherwood Laboratories Limited has no subsidiary companies.

Ultimate parent company

WRATES BAGLEY LIMITED

08422958

1 parent

SHERWOOD LABORATORIES LIMITED

01732557

SHERWOOD LABORATORIES LIMITED Shareholders

wrates bagley ltd

100%

Sherwood Laboratories Limited currently has 4 directors. The longest serving directors include Mr Glyn Bagley (Nov 2004) and Mr Martin Wrate (Nov 2013).

officer	country	age	start	end	role
Mr Glyn Bagley	England	52 years	Nov 2004	-	Director
Mr Martin Wrate	England	57 years	Nov 2013	-	Director
Mr Samual Wrate	England	25 years	Dec 2017	-	Director
Mr Kitz Bagley		26 years	Dec 2017	-	Director

P&L

December 2023

turnover

1.1m

+118%

operating profit

48.1k

gross margin

31.3%

-62.87%

turnover

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

Balance Sheet

December 2023

net assets

1.3m

+0.06%

total assets

1.6m

+0.05%

cash

800.4k

-0.15%

net assets

Total assets minus all liabilities

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company number

01732557

Type

Private limited with Share Capital

industry

74201 - Portrait photographic activities

incorporation date

June 1983

accounts

Total Exemption Full

ultimate parent company

WRATES BAGLEY LIMITED

previous names

N/A

last accounts submitted

December 2023

address

sherwood laboratories ltd, brunel drive, newark, notinghamshire, NG24 2EG

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 4 charges/mortgages relating to sherwood laboratories limited. Currently there are 0 open charges and 4 have been satisfied in the past.

sherwood laboratories limited Company Information

sherwood laboratories limited Estimated Valuation

sherwood laboratories limited Estimated Valuation

sherwood laboratories limited Estimated Valuation

Sherwood Laboratories Limited Overview

Sherwood Laboratories Limited Health Check

SHERWOOD LABORATORIES LIMITED financials

sherwood laboratories limited Credit Report and Business Information

Sherwood Laboratories Limited Competitor Analysis

sherwood laboratories limited Ownership

sherwood laboratories limited directors

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