james e.smith (timber) limited

james e.smith (timber) limited Company Information

Share JAMES E.SMITH (TIMBER) LIMITED
Live 
MatureMidDeclining

Company Number

01742443

Industry

Sawmilling and planing of wood

 

Directors

Pauline Hurst

Barry Hurst

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Shareholders

james e smith (holdings) limited

Group Structure

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Contact

Registered Address

soho pool way, park road, hockley, birmingham, B18 5JA

james e.smith (timber) limited Estimated Valuation

£9.5m

Pomanda estimates the enterprise value of JAMES E.SMITH (TIMBER) LIMITED at £9.5m based on a Turnover of £18.4m and 0.51x industry multiple (adjusted for size and gross margin).

james e.smith (timber) limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of JAMES E.SMITH (TIMBER) LIMITED at £7.2m based on an EBITDA of £1.4m and a 5.03x industry multiple (adjusted for size and gross margin).

james e.smith (timber) limited Estimated Valuation

£16.8m

Pomanda estimates the enterprise value of JAMES E.SMITH (TIMBER) LIMITED at £16.8m based on Net Assets of £12.3m and 1.36x industry multiple (adjusted for liquidity).

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James E.smith (timber) Limited Overview

James E.smith (timber) Limited is a live company located in hockley, B18 5JA with a Companies House number of 01742443. It operates in the sawmilling and planing of wood sector, SIC Code 16100. Founded in July 1983, it's largest shareholder is james e smith (holdings) limited with a 100% stake. James E.smith (timber) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.4m with declining growth in recent years.

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James E.smith (timber) Limited Health Check

Pomanda's financial health check has awarded James E.Smith (Timber) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £18.4m, make it in line with the average company (£21.7m)

£18.4m - James E.smith (timber) Limited

£21.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (5.4%)

-13% - James E.smith (timber) Limited

5.4% - Industry AVG

production

Production

with a gross margin of 19%, this company has a higher cost of product (24%)

19% - James E.smith (timber) Limited

24% - Industry AVG

profitability

Profitability

an operating margin of 6% make it more profitable than the average company (4.3%)

6% - James E.smith (timber) Limited

4.3% - Industry AVG

employees

Employees

with 39 employees, this is below the industry average (70)

39 - James E.smith (timber) Limited

70 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.4k, the company has a higher pay structure (£39.5k)

£54.4k - James E.smith (timber) Limited

£39.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £472.8k, this is more efficient (£241.6k)

£472.8k - James E.smith (timber) Limited

£241.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is later than average (47 days)

61 days - James E.smith (timber) Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 52 days, this is slower than average (42 days)

52 days - James E.smith (timber) Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 65 days, this is in line with average (66 days)

65 days - James E.smith (timber) Limited

66 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 93 weeks, this is more cash available to meet short term requirements (14 weeks)

93 weeks - James E.smith (timber) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.2%, this is a lower level of debt than the average (40.2%)

21.2% - James E.smith (timber) Limited

40.2% - Industry AVG

JAMES E.SMITH (TIMBER) LIMITED financials

EXPORTms excel logo

James E.Smith (Timber) Limited's latest turnover from March 2024 is £18.4 million and the company has net assets of £12.3 million. According to their latest financial statements, James E.Smith (Timber) Limited has 39 employees and maintains cash reserves of £5.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover18,440,10522,677,76135,947,60127,827,60119,869,43522,468,81427,952,89826,956,13024,178,04824,604,18922,857,91818,430,15919,428,02018,537,20514,864,668
Other Income Or Grants000000000000000
Cost Of Sales14,931,99218,560,78325,599,33922,175,20416,456,92418,644,43323,201,95922,036,37219,742,01520,514,27119,286,87915,499,95215,495,67714,324,90211,258,236
Gross Profit3,508,1134,116,97810,348,2625,652,3973,412,5113,824,3814,750,9394,919,7584,436,0334,089,9183,571,0392,930,2073,932,3434,212,3033,606,432
Admin Expenses2,395,0172,295,7192,481,5732,429,4022,721,9832,766,3783,652,1063,706,3702,968,9453,183,6882,981,1832,598,8093,414,3563,666,3163,034,172
Operating Profit1,113,0961,821,2597,866,6893,222,995690,5281,058,0031,098,8331,213,3881,467,088906,230589,856331,398517,987545,987572,260
Interest Payable2,3214,95225,85022,52417,62920,62042,95374,36181,10888,344115,971107,53695,768123,78398,490
Interest Receivable31,93103,17708204,292003,3670005,00400
Pre-Tax Profit1,142,7061,816,3077,844,0163,200,471673,7191,041,6751,055,8801,171,1721,389,347817,886473,885223,862427,223422,204341,263
Tax-316,709-346,873-1,522,132-625,116-152,025-218,934-208,721-242,904-248,524-215,905-120,201-70,414-105,976-117,770-86,826
Profit After Tax825,9971,469,4346,321,8842,575,355521,694822,741847,159928,2681,140,823601,981353,684153,448321,247304,434254,437
Dividends Paid605,327492,2991,840,7571,103,662558,5961,562,983111,306371,89990,350209,076153,69620,59820,59820,59820,958
Retained Profit220,670977,1354,481,1271,471,693-36,902-740,242735,853556,369946,939347,919164,216136,117290,876282,801199,917
Employee Costs2,121,1792,083,3532,503,9422,335,1712,415,6602,525,5033,552,1633,500,9782,700,0832,840,6322,757,4482,351,5742,025,0992,427,5472,000,309
Number Of Employees394343444345767874736562595656
EBITDA*1,423,8402,129,0748,198,5183,508,206951,1461,360,8841,500,4741,552,3071,770,7511,226,142836,783562,369720,600747,353769,075

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,587,6072,194,5932,190,0542,056,8712,261,3432,199,7403,374,7852,612,1152,529,2382,566,3302,518,7692,551,8201,663,3241,707,0251,828,478
Intangible Assets000000000096,076114,376132,676150,976169,276
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,587,6072,194,5932,190,0542,056,8712,261,3432,199,7403,374,7852,612,1152,529,2382,566,3302,614,8452,666,1961,796,0001,858,0011,997,754
Stock & work in progress2,672,8843,497,6475,167,3773,198,6302,078,9902,968,8914,272,0092,910,2112,604,1763,035,9182,877,9542,315,6532,504,8352,480,5522,041,575
Trade Debtors3,129,5963,702,7045,031,7914,920,3603,469,0114,314,4075,950,1065,440,7954,960,4844,009,7744,664,5963,824,0433,826,2913,854,9103,417,256
Group Debtors000000000000000
Misc Debtors1,914,7514,224,0383,402,4701,886,820456,819121,41601,028,3511,176,472276,666286,581202,884312,893111,868109,249
Cash5,354,8301,666,4121,172,7901,047,165367,18161,488253,634389,834467,395575,710388,72752,1731,154,718652,325426,268
misc current assets000000000000000
total current assets13,072,06113,090,80114,774,42811,052,9756,372,0017,466,20210,475,7499,769,1919,208,5277,898,0688,217,8586,394,7537,798,7377,099,6555,994,348
total assets15,659,66815,285,39416,964,48213,109,8468,633,3449,665,94213,850,53412,381,30611,737,76510,464,39810,832,7039,060,9499,594,7378,957,6567,992,102
Bank overdraft000000000006,349000
Bank loan000000000000000
Trade Creditors 2,150,8341,629,5301,984,7622,735,3551,756,2332,004,7224,506,0144,133,4543,708,7972,904,1214,008,4852,860,5103,232,3492,703,5122,670,097
Group/Directors Accounts627,165811,1611,647,8501,583,582390,024217,969000000000
other short term finances00000000000001,036,802547,709
hp & lease commitments01,97258,991104,305110,946116,449121,495205,00060,00060,00031,58363,16563,16563,16574,015
other current liabilities191,118478,4151,910,4571,843,971923,8151,937,0942,682,6152,162,9071,856,2972,366,7762,216,2761,873,7271,973,2171,083,769833,615
total current liabilities2,969,1172,921,0785,602,0606,267,2133,181,0184,276,2347,310,1246,501,3615,625,0945,330,8976,256,3444,803,7515,268,7314,887,2484,125,436
loans000000000000000
hp & lease commitments001,97261,853133,15871,99198,88082,5000115,000031,58394,748157,912221,078
Accruals and Deferred Income000000000000000
other liabilities000000090,00055,0000000017,500
provisions351,805246,240219,509120,966131,04792,694144,462146,230148,323159,626110,390113,330118,725100,612100,039
total long term liabilities351,805246,240221,481182,819264,205164,685243,342318,730203,323274,626110,390144,913213,473258,524338,617
total liabilities3,320,9223,167,3185,823,5416,450,0323,445,2234,440,9197,553,4666,820,0915,828,4175,605,5236,366,7344,948,6645,482,2045,145,7724,464,053
net assets12,338,74612,118,07611,140,9416,659,8145,188,1215,225,0236,297,0685,561,2155,700,5774,753,6384,405,7184,087,8064,084,7873,793,9113,511,110
total shareholders funds12,338,74612,118,07611,140,9416,659,8145,188,1215,225,0236,297,0685,561,2155,700,5774,753,6384,405,7184,087,8064,084,7873,793,9113,511,110
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,113,0961,821,2597,866,6893,222,995690,5281,058,0031,098,8331,213,3881,467,088906,230589,856331,398517,987545,987572,260
Depreciation310,744307,815331,829285,211260,618302,881401,641338,919303,663223,836228,627212,671184,313183,066183,090
Amortisation00000000096,07618,30018,30018,30018,30013,725
Tax-316,709-346,873-1,522,132-625,116-152,025-218,934-208,721-242,904-248,524-215,905-120,201-70,414-105,976-117,770-86,826
Stock-824,763-1,669,7301,968,7471,119,640-889,901-1,303,1181,361,798306,035-431,742157,964562,301-189,18224,283438,9772,041,575
Debtors-2,882,395-507,5191,627,0812,881,350-509,993-1,514,283-519,040332,1901,850,516-664,737924,250-112,257172,406440,2733,526,505
Creditors521,304-355,232-750,593979,122-248,489-2,501,292372,560424,657804,676-1,104,3641,147,975-371,839528,83733,4152,670,097
Accruals and Deferred Income-287,297-1,432,04266,486920,156-1,013,279-745,521519,708306,610-510,479150,500342,549-99,490889,448250,154833,615
Deferred Taxes & Provisions105,56526,73198,543-10,08138,353-51,768-1,768-2,093-11,30349,236-2,940-5,39518,113573100,039
Cash flow from operations5,153,8612,198,9072,494,994771,297975,600660,7701,339,4951,400,352386,347612,382717,615316,6701,854,33334,475-1,282,080
Investing Activities
capital expenditure-703,758-312,354-465,012-80,739-322,221872,164-1,074,293-1,312,452-251,167-270,618-190,932-924,407-295,478-62,852169,014
Change in Investments000000000000000
cash flow from investments-703,758-312,354-465,012-80,739-322,221872,164-1,074,293-1,312,452-251,167-270,618-190,932-924,407-295,478-62,852169,014
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-183,996-836,68964,2681,193,558172,055217,969000000000
Other Short Term Loans 000000000000-1,036,802489,093547,709
Long term loans000000000000000
Hire Purchase and Lease Commitments-1,972-58,991-105,195-77,94655,664-31,935-67,125227,500-115,000143,417-63,165-63,165-63,164-74,016295,093
other long term liabilities000000-90,00035,00055,0000000-17,50017,500
share issue00000-331,8030-695,73101153,696-133,098003,311,193
interest29,610-4,952-22,673-22,524-16,809-16,328-42,953-74,361-77,741-88,344-115,971-107,536-90,764-123,783-98,490
cash flow from financing-156,358-900,632-63,6001,093,088210,910-162,097-200,078-507,592-137,74155,074-25,440-303,799-1,190,730273,7944,073,005
cash and cash equivalents
cash3,688,418493,622125,625679,984305,693-192,146-136,200-77,561-108,315186,983336,554-1,102,545502,393226,057426,268
overdraft0000000000-6,3496,349000
change in cash3,688,418493,622125,625679,984305,693-192,146-136,200-77,561-108,315186,983342,903-1,108,894502,393226,057426,268

james e.smith (timber) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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James E.smith (timber) Limited Competitor Analysis

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Perform a competitor analysis for james e.smith (timber) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in B18 area or any other competitors across 12 key performance metrics.

james e.smith (timber) limited Ownership

JAMES E.SMITH (TIMBER) LIMITED group structure

James E.Smith (Timber) Limited has 1 subsidiary company.

Ultimate parent company

1 parent

JAMES E.SMITH (TIMBER) LIMITED

01742443

1 subsidiary

JAMES E.SMITH (TIMBER) LIMITED Shareholders

james e smith (holdings) limited 100%

james e.smith (timber) limited directors

James E.Smith (Timber) Limited currently has 6 directors. The longest serving directors include Mrs Pauline Hurst (Oct 1991) and Mr Barry Hurst (Oct 1991).

officercountryagestartendrole
Mrs Pauline Hurst82 years Oct 1991- Director
Mr Barry HurstEngland81 years Oct 1991- Director
Mr Bradley HurstEngland53 years Apr 1997- Director
Mr Iain McPheely60 years Apr 1997- Director
Mr Charlton HurstEngland47 years May 2003- Director
Mr Richard Hawkins58 years Feb 2023- Director

P&L

March 2024

turnover

18.4m

-19%

operating profit

1.1m

-39%

gross margin

19.1%

+4.79%

turnover

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

Balance Sheet

March 2024

net assets

12.3m

+0.02%

total assets

15.7m

+0.02%

cash

5.4m

+2.21%

net assets

Total assets minus all liabilities

james e.smith (timber) limited company details

company number

01742443

Type

Private limited with Share Capital

industry

16100 - Sawmilling and planing of wood

incorporation date

July 1983

age

42

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

nettlecrest limited (October 1983)

accountant

-

auditor

COOPER PARRY GROUP LIMITED

address

soho pool way, park road, hockley, birmingham, B18 5JA

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

james e.smith (timber) 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 8 charges/mortgages relating to james e.smith (timber) limited. Currently there are 4 open charges and 4 have been satisfied in the past.

james e.smith (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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james e.smith (timber) limited Companies House Filings - See Documents

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