jointline limited

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jointline limited Company Information

Share JOINTLINE LIMITED

Company Number

01878959

Shareholders

jointline hodings ltd

Group Structure

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Industry

Support services to forestry

 +2

Registered Address

airfield view, camp road, witham st hughs, lincoln, LN6 9TW

jointline limited Estimated Valuation

£8.9m

Pomanda estimates the enterprise value of JOINTLINE LIMITED at £8.9m based on a Turnover of £16.2m and 0.55x industry multiple (adjusted for size and gross margin).

jointline limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of JOINTLINE LIMITED at £7.2m based on an EBITDA of £1.3m and a 5.5x industry multiple (adjusted for size and gross margin).

jointline limited Estimated Valuation

£12.6m

Pomanda estimates the enterprise value of JOINTLINE LIMITED at £12.6m based on Net Assets of £7.5m and 1.68x industry multiple (adjusted for liquidity).

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Jointline Limited Overview

Jointline Limited is a live company located in witham st hughs, LN6 9TW with a Companies House number of 01878959. It operates in the support services to forestry sector, SIC Code 02400. Founded in January 1985, it's largest shareholder is jointline hodings ltd with a 100% stake. Jointline Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.2m with healthy growth in recent years.

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Jointline Limited Health Check

Pomanda's financial health check has awarded Jointline Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £16.2m, make it larger than the average company (£10.9m)

£16.2m - Jointline Limited

£10.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.9%)

7% - Jointline Limited

8.9% - Industry AVG

production

Production

with a gross margin of 24.6%, this company has a comparable cost of product (22.5%)

24.6% - Jointline Limited

22.5% - Industry AVG

profitability

Profitability

an operating margin of 5.3% make it as profitable than the average company (5.5%)

5.3% - Jointline Limited

5.5% - Industry AVG

employees

Employees

with 115 employees, this is above the industry average (41)

115 - Jointline Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.5k, the company has an equivalent pay structure (£47.6k)

£51.5k - Jointline Limited

£47.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £141.1k, this is less efficient (£209.8k)

£141.1k - Jointline Limited

£209.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 73 days, this is later than average (46 days)

73 days - Jointline Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 52 days, this is slower than average (32 days)

52 days - Jointline Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 11 days, this is less than average (25 days)

11 days - Jointline Limited

25 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (29 weeks)

0 weeks - Jointline Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 32.5%, this is a lower level of debt than the average (54%)

32.5% - Jointline Limited

54% - Industry AVG

JOINTLINE LIMITED financials

EXPORTms excel logo

Jointline Limited's latest turnover from March 2024 is £16.2 million and the company has net assets of £7.5 million. According to their latest financial statements, Jointline Limited has 115 employees and maintains cash reserves of £2.3 thousand 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
Turnover16,226,50813,137,27016,164,97413,131,86412,134,60312,681,08512,438,3778,907,8818,466,0938,927,3367,937,6096,301,5497,803,9847,128,1857,223,153
Other Income Or Grants
Cost Of Sales12,241,97310,602,81812,515,82411,019,10810,464,3829,974,78010,218,0387,013,3097,285,8347,375,3496,380,4645,434,6886,423,1245,750,5055,857,597
Gross Profit3,984,5352,534,4523,649,1502,112,7561,670,2212,706,3052,220,3391,894,5721,180,2591,551,9871,557,145866,8611,380,8601,377,6801,365,556
Admin Expenses3,121,7262,709,0952,718,6731,579,2621,751,6841,807,1981,942,5101,501,6741,292,4151,208,7741,130,7641,120,2891,047,8511,064,4431,075,650
Operating Profit862,809-174,643930,477533,494-81,463899,107277,829392,898-112,156343,213426,381-253,428333,009313,237289,906
Interest Payable68,99640,63634,88827,77630,99843,17155,64049,58341,00027,89915,3242,4322,6645,4367,412
Interest Receivable1,1291,261318776891,459377372161058466381,8572,263
Pre-Tax Profit794,942-214,018895,620506,595-111,772857,395222,566343,352-152,940315,419411,141-255,794330,383309,658284,757
Tax-35,410199,286-218,206-100,6678,488-162,707-51,834-70,35028,196-78,343-104,05163,146-116,920-80,917-99,613
Profit After Tax759,532-14,732677,414405,928-103,284694,688170,732273,002-124,744237,076307,090-192,648213,463228,741185,144
Dividends Paid
Retained Profit759,532-14,732677,414405,928-103,284694,688170,732273,002-124,744237,076307,090-192,648213,463228,741185,144
Employee Costs5,924,5375,135,0285,357,0724,845,4655,150,0734,757,5244,427,4913,597,8903,750,9953,417,8883,277,2602,744,8463,029,3172,925,0512,943,823
Number Of Employees1151131121091171051058290857672746874
EBITDA*1,307,255256,7221,390,578976,784289,7921,328,442724,982705,873210,977587,687602,078-125,916474,713478,216464,933

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,167,9971,554,8081,485,4311,552,6531,176,1911,348,2151,569,5671,185,4861,461,712893,785645,873435,220455,165519,278595,485
Intangible Assets80,60985,856101,950118,045134,140150,235
Investments & Other222
Debtors (Due After 1 year)
Total Fixed Assets2,248,6061,640,6641,587,3811,670,6981,310,3311,498,4501,569,5671,185,4861,461,712893,785645,873435,220455,167519,280595,487
Stock & work in progress377,256418,637416,481348,375374,001293,676273,834291,796196,660245,339177,345228,039181,341213,090177,950
Trade Debtors3,258,8302,607,8552,356,3922,299,3462,783,9902,453,0972,313,8621,815,8611,406,1982,034,0581,503,3211,319,0812,041,9431,702,2621,358,785
Group Debtors4,705,5474,621,7624,468,0704,129,3963,774,0843,754,0703,208,2286,294,7606,048,7665,977,6055,621,3635,538,6335,283,5914,710,5204,126,476
Misc Debtors495,177270,071185,24493,561342,899127,497400,946218,468332,923239,355285,369311,33862,32768,825262,596
Cash2,306156729,225528,079186,628427,868645,245351,209270,6131,127129,86948,6164,3581,4449,308
misc current assets
total current assets8,839,1167,918,4818,155,4127,398,7577,461,6027,056,2086,842,1158,972,0948,255,1608,497,4847,717,2677,445,7077,573,5606,696,1415,935,115
total assets11,087,7229,559,1459,742,7939,069,4558,771,9338,554,6588,411,68210,157,5809,716,8729,391,2698,363,1407,880,9278,028,7277,215,4216,530,602
Bank overdraft31,53815,0736,73811,409164,27012,6222,1142,066
Bank loan
Trade Creditors 1,764,3171,483,6621,461,8601,454,1961,723,4831,080,1801,775,296926,713744,643857,788778,845855,3281,028,928813,464949,274
Group/Directors Accounts220,331220,33169,64169,64169,641218,343104,5453,157,8262,799,1952,749,1892,375,3642,442,0022,202,6891,844,2221,180,117
other short term finances
hp & lease commitments342,488231,572187,974247,320263,907282,364297,978240,503511,607137,11770,93319,71010,12843,00347,033
other current liabilities445,585372,569653,221658,529803,435799,928544,862460,155557,459431,772447,947323,754373,669311,341323,931
total current liabilities2,804,2592,323,2072,372,6962,429,6862,860,4662,380,8152,729,4194,796,6064,612,9044,340,1363,685,7113,640,7943,615,4143,014,1442,502,421
loans
hp & lease commitments760,462507,879427,617456,154219,146368,452586,442433,852419,776278,075165,45032,35910,12853,362
Accruals and Deferred Income
other liabilities
provisions35,410199,689118,23832,87242,65827,77629,80959,88124,0032,88515,7767,07519,486
total long term liabilities795,872507,879627,306574,392252,018411,110614,218463,661479,657302,078165,45035,24415,77617,20372,848
total liabilities3,600,1312,831,0863,000,0023,004,0783,112,4842,791,9253,343,6375,260,2675,092,5614,642,2143,851,1613,676,0383,631,1903,031,3472,575,269
net assets7,487,5916,728,0596,742,7916,065,3775,659,4495,762,7335,068,0454,897,3134,624,3114,749,0554,511,9794,204,8894,397,5374,184,0743,955,333
total shareholders funds7,487,5916,728,0596,742,7916,065,3775,659,4495,762,7335,068,0454,897,3134,624,3114,749,0554,511,9794,204,8894,397,5374,184,0743,955,333
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit862,809-174,643930,477533,494-81,463899,107277,829392,898-112,156343,213426,381-253,428333,009313,237289,906
Depreciation428,074415,271444,006427,195355,160418,604447,153312,975323,133244,474175,697127,512141,704164,979175,027
Amortisation16,37216,09416,09516,09516,09510,731
Tax-35,410199,286-218,206-100,6678,488-162,707-51,834-70,35028,196-78,343-104,05163,146-116,920-80,917-99,613
Stock-41,3812,15668,106-25,62680,32519,842-17,96295,136-48,67967,994-50,69446,698-31,74935,140177,950
Debtors959,866489,982487,403-378,670566,309411,628-2,406,053541,202-463,131840,965241,001-218,809906,254733,7505,747,857
Creditors280,65521,8027,664-269,287643,303-695,116848,583182,070-113,14578,943-76,483-173,600215,464-135,810949,274
Accruals and Deferred Income73,016-280,652-5,308-144,9063,507255,06684,707-97,304125,687-16,175124,193-49,91562,328-12,590323,931
Deferred Taxes & Provisions35,410-199,68981,45185,366-9,78614,882-2,033-30,07235,87824,003-2,885-12,8918,701-12,41119,486
Cash flow from operations742,441-494,669700,670951,586288,670309,0974,028,42053,879799,403-312,844352,545-127,065-230,219-532,402-4,267,796
Investing Activities
capital expenditure-1,052,388-484,648-376,784-803,657-183,136-358,218-831,234-36,749-891,060-492,386-386,350-107,567-77,591-88,772-770,512
Change in Investments-22
cash flow from investments-1,052,388-484,648-376,784-803,657-183,136-358,218-831,234-36,749-891,060-492,386-386,350-107,565-77,591-88,772-770,514
Financing Activities
Bank loans
Group/Directors Accounts150,690-148,702113,798-3,053,281358,63150,006373,825-66,638239,313358,467664,1051,180,117
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments363,499123,860-87,883220,421-167,763-233,604210,065-257,028516,191178,809184,31441,941-43,003-47,264100,395
other long term liabilities
share issue3,770,189
interest-67,867-39,375-34,857-26,899-30,309-41,712-55,263-49,546-40,784-27,794-15,240-2,366-2,626-3,579-5,149
cash flow from financing295,632235,175-122,740193,522-346,774-161,518-2,898,47952,057525,413524,840102,436278,888312,838613,2625,045,552
cash and cash equivalents
cash2,150-729,069201,146341,451-241,240-217,377294,03680,596269,486-128,74281,25344,2582,914-7,8649,308
overdraft16,46515,073-6,738-4,67111,409-164,270151,64812,622-2,114482,066
change in cash-14,315-744,142201,146341,451-241,240-210,639298,70769,187433,756-280,39068,63144,2585,028-7,9127,242

jointline limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Jointline Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for jointline limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in LN6 area or any other competitors across 12 key performance metrics.

jointline limited Ownership

JOINTLINE LIMITED group structure

Jointline Limited has no subsidiary companies.

Ultimate parent company

2 parents

JOINTLINE LIMITED

01878959

JOINTLINE LIMITED Shareholders

jointline hodings ltd 100%

jointline limited directors

Jointline Limited currently has 5 directors. The longest serving directors include Mr Stephen Phipps (Apr 2005) and Mr Brian Meddings (Apr 2005).

officercountryagestartendrole
Mr Stephen PhippsEngland67 years Apr 2005- Director
Mr Brian MeddingsEngland73 years Apr 2005- Director
Mr Ceri PhippsEngland61 years Apr 2005- Director
Mr Gary Massey53 years Jul 2021- Director
Mr William Meddings42 years May 2023- Director

P&L

March 2024

turnover

16.2m

+24%

operating profit

862.8k

-594%

gross margin

24.6%

+27.28%

turnover

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

Balance Sheet

March 2024

net assets

7.5m

+0.11%

total assets

11.1m

+0.16%

cash

2.3k

+13.78%

net assets

Total assets minus all liabilities

jointline limited company details

company number

01878959

Type

Private limited with Share Capital

industry

42110 - Construction of roads and motorways

02400 - Support services to forestry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

January 1985

age

40

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

cantonland limited (August 1987)

accountant

-

auditor

UHY HACKER YOUNG MANCHESTER LLP

address

airfield view, camp road, witham st hughs, lincoln, LN6 9TW

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

-

jointline 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 5 charges/mortgages relating to jointline limited. Currently there are 2 open charges and 3 have been satisfied in the past.

jointline 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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jointline limited Companies House Filings - See Documents

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