Pomanda estimates the enterprise value of SMITHPACK LIMITED at £3m based on a Turnover of £5m and 0.6x industry multiple (adjusted for size and gross margin).
smithpack limitedEstimated Valuation
£2.9m
Pomanda estimates the enterprise value of SMITHPACK LIMITED at £2.9m based on an EBITDA of £654.7k and a 4.37x industry multiple (adjusted for size and gross margin).
smithpack limitedEstimated Valuation
£3.5m
Pomanda estimates the enterprise value of SMITHPACK LIMITED at £3.5m based on Net Assets of £1.9m and 1.89x industry multiple (adjusted for liquidity).
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Smithpack LimitedOverview
Smithpack Limited is a live company located in huntingdon, PE19 2HF with a Companies House number of 01850712. It operates in the manufacture of other paper and paperboard containers sector, SIC Code 17219. Founded in September 1984, it's largest shareholder is
wsph ltd
with a 100% stake. Smithpack Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£5m with
low
growth in recent years.
Pomanda's financial health check has awarded Smithpack Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £5m, make it smaller than the average company (£16.2m)
£5m - Smithpack Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.6%)
1% - Smithpack Limited
8.6% - Industry AVG
Production
with a gross margin of 29.4%, this company has a comparable cost of product (29.4%)
29.4% - Smithpack Limited
29.4% - Industry AVG
Profitability
an operating margin of 10.8% make it more profitable than the average company (5.5%)
10.8% - Smithpack Limited
5.5% - Industry AVG
Employees
with 33 employees, this is below the industry average (81)
33 - Smithpack Limited
81 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£40.6k)
£40.6k - Smithpack Limited
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £151.2k, this is less efficient (£178.2k)
£151.2k - Smithpack Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is near the average (56 days)
67 days - Smithpack Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (44 days)
95 days - Smithpack Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (52 days)
25 days - Smithpack Limited
52 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (10 weeks)
5 weeks - Smithpack Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.4%, this is a similar level of debt than the average (52%)
53.4% - Smithpack Limited
52% - Industry AVG
SMITHPACK LIMITED financials
EXPORT
Smithpack Limited's latest turnover from June 2024 is estimated at £5 million and the company has net assets of £1.9 million. According to their latest financial statements, Smithpack Limited has 33 employees and maintains cash reserves of £211 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
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
4,988,164
4,654,743
4,303,193
4,825,277
4,035,859
4,871,644
4,825,551
4,409,089
4,636,353
7,102,812
6,054,110
5,351,852
5,895,444
6,647,765
6,810,363
Other Income Or Grants
Cost Of Sales
3,523,904
3,370,744
3,107,766
3,509,782
2,927,802
3,549,277
3,485,976
3,138,890
3,243,555
5,002,787
4,231,505
3,789,963
4,653,094
5,257,422
5,241,955
Gross Profit
1,464,260
1,283,998
1,195,427
1,315,495
1,108,058
1,322,367
1,339,575
1,270,198
1,392,798
2,100,025
1,822,605
1,561,889
1,242,350
1,390,343
1,568,408
Admin Expenses
926,776
1,019,884
1,145,732
1,170,935
980,263
1,294,199
1,204,141
998,833
1,352,540
2,007,386
1,806,222
1,612,069
1,149,373
1,261,375
1,425,438
Operating Profit
537,484
264,114
49,695
144,560
127,795
28,168
135,434
271,365
40,258
92,639
16,383
-50,180
92,977
128,968
142,970
Interest Payable
74,562
71,631
35,827
5,643
16,443
41,397
26,609
19,952
23,951
16,934
Interest Receivable
13,166
14,705
3,082
231
153
1,312
240
94
382
376
160
37
Pre-Tax Profit
476,088
207,188
16,949
139,148
127,948
29,480
119,231
230,062
14,031
93,015
16,543
-50,143
174,807
105,032
73,445
Tax
-119,022
-51,797
-3,220
-26,438
-24,310
-5,601
-22,654
-43,712
-2,806
-18,603
-3,474
-823
-20,487
-29,142
Profit After Tax
357,066
155,391
13,729
112,710
103,638
23,879
96,577
186,350
11,225
74,412
13,069
-50,143
173,984
84,545
44,303
Dividends Paid
Retained Profit
357,066
155,391
13,729
112,710
103,638
23,879
96,577
186,350
11,225
74,412
13,069
-50,143
173,984
84,545
44,303
Employee Costs
1,340,962
1,364,624
1,265,606
1,214,152
1,297,326
1,402,161
1,346,025
1,265,937
1,090,210
1,605,595
1,352,277
1,194,830
1,166,691
1,340,222
1,388,392
Number Of Employees
33
35
34
34
37
40
40
39
34
52
45
40
48
64
70
EBITDA*
654,735
377,288
170,753
268,216
245,186
148,471
263,093
377,867
108,711
166,079
110,994
60,122
216,055
256,466
280,943
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
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
652,398
615,235
702,419
821,165
941,360
965,735
1,064,661
1,098,789
280,312
179,833
195,119
190,928
242,601
431,177
528,349
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
652,398
615,235
702,419
821,165
941,360
965,735
1,064,661
1,098,789
280,312
179,833
195,119
190,928
242,601
431,177
528,349
Stock & work in progress
242,647
303,809
297,821
279,614
234,899
290,549
352,960
324,406
294,663
258,545
237,793
223,508
278,942
447,135
404,256
Trade Debtors
929,057
960,797
994,273
1,118,183
785,457
1,036,671
1,073,101
968,247
909,060
1,841,493
1,527,760
1,351,731
614,382
1,001,736
1,288,764
Group Debtors
1,881,365
996,314
994,870
993,970
993,070
992,218
895,455
904,655
860,844
203,805
203,805
203,805
Misc Debtors
101,516
37,945
44,657
44,612
36,213
46,049
48,738
35,906
825,236
531,668
262,372
123,016
Cash
210,971
290,598
401,422
420,366
40,640
266,086
83,862
12,170
62,641
90,347
59,913
3,963
10,656
237,649
5,229
misc current assets
total current assets
3,365,556
2,589,463
2,733,043
2,856,745
2,090,279
2,631,573
2,454,116
2,245,384
2,952,444
2,190,385
1,825,466
1,579,202
1,639,453
2,152,697
2,025,070
total assets
4,017,954
3,204,698
3,435,462
3,677,910
3,031,639
3,597,308
3,518,777
3,344,173
3,232,756
2,370,218
2,020,585
1,770,130
1,882,054
2,583,874
2,553,419
Bank overdraft
73,700
214,319
22,044
Bank loan
Trade Creditors
917,290
552,146
517,932
803,147
548,958
752,925
755,368
709,967
1,288,085
1,522,888
1,253,250
1,006,606
468,385
840,480
837,959
Group/Directors Accounts
other short term finances
804,414
521,135
876,542
505,947
745,044
hp & lease commitments
9,731
63,738
132,536
132,536
146,636
152,545
152,545
155,749
52,079
other current liabilities
322,593
458,771
384,635
912,209
674,253
1,069,257
893,019
244,207
103,405
610,183
871,923
1,098,841
total current liabilities
2,054,028
1,595,790
1,911,645
1,847,892
1,369,847
1,974,727
1,800,932
1,615,870
2,262,313
1,522,888
1,253,250
1,006,606
1,078,568
1,926,722
1,958,844
loans
185,000
hp & lease commitments
10,549
69,335
191,505
308,886
374,619
504,050
627,974
107,045
Accruals and Deferred Income
other liabilities
21,096
18,644
24,096
provisions
91,351
82,850
94,364
107,124
119,227
117,921
107,633
90,744
40,163
14,224
11,093
14,899
28,814
56,464
78,432
total long term liabilities
91,351
93,399
163,699
483,629
428,113
492,540
611,683
718,718
147,208
35,320
29,737
38,995
28,814
56,464
78,432
total liabilities
2,145,379
1,689,189
2,075,344
2,331,521
1,797,960
2,467,267
2,412,615
2,334,588
2,409,521
1,558,208
1,282,987
1,045,601
1,107,382
1,983,186
2,037,276
net assets
1,872,575
1,515,509
1,360,118
1,346,389
1,233,679
1,130,041
1,106,162
1,009,585
823,235
812,010
737,598
724,529
774,672
600,688
516,143
total shareholders funds
1,872,575
1,515,509
1,360,118
1,346,389
1,233,679
1,130,041
1,106,162
1,009,585
823,235
812,010
737,598
724,529
774,672
600,688
516,143
Jun 2024
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
537,484
264,114
49,695
144,560
127,795
28,168
135,434
271,365
40,258
92,639
16,383
-50,180
92,977
128,968
142,970
Depreciation
117,251
113,174
121,058
123,656
117,391
120,303
127,659
106,502
68,453
73,440
94,611
110,302
123,078
127,498
137,973
Amortisation
Tax
-119,022
-51,797
-3,220
-26,438
-24,310
-5,601
-22,654
-43,712
-2,806
-18,603
-3,474
-823
-20,487
-29,142
Stock
-61,162
5,988
18,207
44,715
-55,650
-62,411
28,554
29,743
36,118
20,752
14,285
-55,434
-168,193
42,879
404,256
Debtors
916,882
-38,744
-122,965
342,025
-260,198
57,644
108,486
-686,332
753,647
313,733
176,029
1,876
-118,058
-147,672
1,615,585
Creditors
365,144
34,214
-285,215
254,189
-203,967
-2,443
45,401
-578,118
-234,803
269,638
246,644
538,221
-372,095
2,521
837,959
Accruals and Deferred Income
-136,178
74,136
-527,574
237,956
-395,004
176,238
648,812
140,802
103,405
-610,183
-261,740
-226,918
1,098,841
Deferred Taxes & Provisions
8,501
-11,514
-12,760
-12,103
1,306
10,288
16,889
50,581
25,939
3,131
-3,806
-13,915
-27,650
-21,968
78,432
Cash flow from operations
-82,540
455,083
-553,258
335,080
-60,941
331,720
814,501
604,009
-789,319
85,760
160,044
27,803
-160,002
94,407
247,192
Investing Activities
capital expenditure
-154,414
-25,990
-2,312
-3,461
-93,016
-21,377
-93,531
-924,979
-168,932
-58,154
-98,802
-58,629
62,697
-27,254
-6,121
Change in Investments
cash flow from investments
-154,414
-25,990
-2,312
-3,461
-93,016
-21,377
-93,531
-924,979
-168,932
-58,154
-98,802
-58,629
62,697
-27,254
-6,121
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
283,279
-355,407
876,542
-505,947
-239,097
745,044
Long term loans
-185,000
185,000
Hire Purchase and Lease Commitments
-64,556
-127,584
-122,170
-131,481
-71,642
-129,431
-127,128
624,599
159,124
other long term liabilities
-21,096
2,452
-5,452
24,096
share issue
471,840
interest
-61,396
-56,926
-32,745
-5,412
153
1,312
-16,203
-41,303
-26,227
376
160
37
-19,952
-23,951
-16,934
cash flow from financing
157,327
-539,917
536,627
48,107
-71,489
-128,119
-649,278
344,199
856,845
2,828
-5,292
24,133
-19,952
-23,951
454,906
cash and cash equivalents
cash
-79,627
-110,824
-18,944
379,726
-225,446
182,224
71,692
-50,471
-27,706
30,434
55,950
-6,693
-226,993
232,420
5,229
overdraft
-73,700
73,700
-214,319
192,275
22,044
change in cash
-79,627
-110,824
-18,944
379,726
-225,446
182,224
71,692
23,229
-101,406
30,434
55,950
-6,693
-12,674
40,145
-16,815
smithpack 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 smithpack limited. Get real-time insights into smithpack limited's credit score, group structure and payment trends.
Perform a competitor analysis for smithpack limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in PE19 area or any other competitors across 12 key performance metrics.
17219 - Manufacture of paper and paperboard containers other than sacks and bags
32990 - Other manufacturing n.e.c.
incorporation date
September 1984
age
41
incorporated
UK
ultimate parent company
GRENADIER CFH SARL
accounts
Small Company
last accounts submitted
June 2024
previous names
w. smith (packaging) limited (September 2002)
accountant
-
auditor
PKF SMITH COOPER AUDIT LIMITED
address
3 marston road, st. neots, huntingdon, PE19 2HF
Bank
BARCLAYS BANK PLC
Legal Advisor
-
smithpack 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 13 charges/mortgages relating to smithpack limited. Currently there are 5 open charges and 8 have been satisfied in the past.
smithpack 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.
Click to start generating capital raising & share issue transactions for SMITHPACK LIMITED. This can take several minutes, an email will notify you when this has completed.
smithpack limitedCompanies House Filings - See Documents
