howden joinery group plc

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howden joinery group plc Company Information

Share HOWDEN JOINERY GROUP PLC

Company Number

02128710

Shareholders

undisclosed

Group Structure

View All

Industry

Activities of head offices

 

Registered Address

105 wigmore street, london, W1U 1QY

howden joinery group plc Estimated Valuation

£3.7b

Pomanda estimates the enterprise value of HOWDEN JOINERY GROUP PLC at £3.7b based on a Turnover of £2.3b and 1.58x industry multiple (adjusted for size and gross margin).

howden joinery group plc Estimated Valuation

£5.3b

Pomanda estimates the enterprise value of HOWDEN JOINERY GROUP PLC at £5.3b based on an EBITDA of £421.5m and a 12.51x industry multiple (adjusted for size and gross margin).

howden joinery group plc Estimated Valuation

£2.1b

Pomanda estimates the enterprise value of HOWDEN JOINERY GROUP PLC at £2.1b based on Net Assets of £978.4m and 2.11x industry multiple (adjusted for liquidity).

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Howden Joinery Group Plc Overview

Howden Joinery Group Plc is a live company located in london, W1U 1QY with a Companies House number of 02128710. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 1987, it's largest shareholder is undisclosed with a 100% stake. Howden Joinery Group Plc is a mature, mega sized company, Pomanda has estimated its turnover at £2.3b with healthy growth in recent years.

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Howden Joinery Group Plc Health Check

Pomanda's financial health check has awarded Howden Joinery Group Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £2.3b, make it larger than the average company (£20.2m)

£2.3b - Howden Joinery Group Plc

£20.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.4%)

14% - Howden Joinery Group Plc

7.4% - Industry AVG

production

Production

with a gross margin of 60.8%, this company has a lower cost of product (33.7%)

60.8% - Howden Joinery Group Plc

33.7% - Industry AVG

profitability

Profitability

an operating margin of 14.7% make it more profitable than the average company (5.9%)

14.7% - Howden Joinery Group Plc

5.9% - Industry AVG

employees

Employees

with 11287 employees, this is above the industry average (110)

11287 - Howden Joinery Group Plc

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.9k, the company has an equivalent pay structure (£49.9k)

£49.9k - Howden Joinery Group Plc

£49.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £204.7k, this is equally as efficient (£204.7k)

£204.7k - Howden Joinery Group Plc

£204.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is earlier than average (45 days)

25 days - Howden Joinery Group Plc

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 70 days, this is slower than average (42 days)

70 days - Howden Joinery Group Plc

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 154 days, this is more than average (48 days)

154 days - Howden Joinery Group Plc

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (15 weeks)

31 weeks - Howden Joinery Group Plc

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.6%, this is a similar level of debt than the average (55.6%)

52.6% - Howden Joinery Group Plc

55.6% - Industry AVG

HOWDEN JOINERY GROUP PLC financials

EXPORTms excel logo

Howden Joinery Group Plc's latest turnover from December 2023 is £2.3 billion and the company has net assets of £978.4 million. According to their latest financial statements, we estimate that Howden Joinery Group Plc has 11,287 employees and maintains cash reserves of £282.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,310,900,0002,319,000,0002,093,700,0001,547,500,0001,583,600,0001,511,300,0001,403,800,0001,307,300,0001,220,200,0001,090,800,000956,500,000887,100,000853,800,000807,900,000769,500,000
Other Income Or Grants
Cost Of Sales907,000,000907,800,000804,700,000617,500,000597,400,000579,100,000515,400,000467,400,000435,800,000396,300,000366,300,000341,800,000344,500,000324,900,000337,400,000
Gross Profit1,403,900,0001,411,200,0001,289,000,000930,000,000986,200,000932,200,000888,400,000839,900,000784,400,000694,500,000590,200,000545,300,000509,300,000483,000,000432,100,000
Admin Expenses1,063,700,000996,000,000887,300,000734,300,000726,200,000692,100,000654,000,000602,700,000562,500,000504,700,000454,000,000425,500,000394,000,000375,600,000352,700,000
Operating Profit340,200,000415,200,000401,700,000195,700,000260,000,000240,100,000234,400,000237,200,000221,900,000189,800,000136,200,000119,800,000115,300,000107,400,00079,400,000
Interest Payable18,100,00013,200,00011,400,00011,000,000400,0002,300,00036,000,0004,100,000100,000400,0007,900,0001,200,00042,900,00038,400,000
Interest Receivable5,500,0003,800,000600,0001,100,000700,00033,800,000800,0001,800,000600,000400,000200,00036,400,00027,600,000
Pre-Tax Profit327,600,000405,800,000390,300,000185,300,000260,700,000238,500,000232,200,000237,000,000219,600,000188,800,000130,500,000112,100,000111,000,000100,900,00068,600,000
Tax-73,000,000-31,600,000-75,800,000-37,700,000-51,700,000-48,100,000-47,200,000-51,400,000-44,200,000-40,100,000-33,200,000-24,100,000-29,200,000-34,000,000-18,500,000
Profit After Tax254,600,000374,200,000314,500,000147,600,000209,000,000190,400,000185,000,000185,600,000175,400,000148,700,00097,300,00088,000,00081,800,00066,900,00050,100,000
Dividends Paid114,100,000115,000,000133,600,00070,600,00068,300,00068,400,00065,400,00059,900,00023,300,0005,000,000
Retained Profit140,500,000259,200,000180,900,000147,600,000138,400,000122,100,000116,600,000120,200,000115,500,000107,700,00074,000,00079,200,00073,300,00066,900,00045,700,000
Employee Costs562,703,792558,165,056553,300,000461,700,000440,700,000418,200,000379,700,000350,900,000323,400,000286,500,000258,000,000241,400,000223,900,000210,900,000195,000,000
Number Of Employees11,28711,85810,78910,0049,9039,5909,0448,8528,0376,8746,4996,4416,2765,9545,623
EBITDA*421,500,000459,200,000436,200,000309,700,000294,500,000270,300,000262,400,000261,200,000243,500,000210,600,000154,900,000136,700,000132,900,000125,600,00097,500,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,136,800,0001,085,800,0001,160,300,000828,200,000226,800,000198,300,000205,900,000194,300,000148,400,000147,700,000119,600,000136,400,000125,100,000132,900,000155,100,000
Intangible Assets43,500,00035,900,00022,600,00024,300,00024,900,00023,100,00015,400,0007,300,0004,600,0003,400,0003,700,0004,000,0007,200,0007,300,0007,900,000
Investments & Other800,000300,000544,200,0001,000,0002,000,0002,000,000
Debtors (Due After 1 year)15,600,000651,200,000154,200,00017,600,000900,000
Total Fixed Assets1,164,700,0001,085,800,0001,028,700,000834,900,000251,700,000221,400,000221,300,000201,600,000153,000,000151,100,000123,300,000140,400,000132,300,000140,200,000163,000,000
Stock & work in progress382,800,000373,300,000301,600,000255,000,000231,800,000226,300,000235,400,000183,700,000177,100,000143,100,000123,400,000115,900,000118,500,000105,500,00086,300,000
Trade Debtors159,500,000173,500,000166,500,000132,400,000148,300,000145,200,000103,800,00099,200,00097,100,000102,900,00096,300,00071,200,00073,000,00068,900,00065,400,000
Group Debtors
Misc Debtors35,000,00059,800,00039,300,00034,200,00044,800,00040,800,00034,000,00036,700,00032,400,00030,200,00026,200,00024,800,00022,300,00026,100,00030,000,000
Cash282,800,000308,000,000515,300,000430,700,000267,400,000231,300,000186,100,000139,300,000166,100,000131,900,000139,700,00096,700,00059,400,00038,600,00014,000,000
misc current assets55,000,00087,300,00060,000,00085,600,000200,000700,000
total current assets899,800,000946,900,0001,022,700,000852,300,000692,300,000643,600,000614,300,000546,200,000532,700,000493,700,000385,600,000308,600,000273,200,000239,300,000196,400,000
total assets2,064,500,0002,032,700,0002,051,400,0001,687,200,000944,000,000865,000,000835,600,000747,800,000685,700,000644,800,000508,900,000449,000,000405,500,000379,500,000359,400,000
Bank overdraft100,0001,100,0001,100,0001,100,000900,000
Bank loan
Trade Creditors 174,500,000189,500,000178,800,000161,000,00096,400,00095,600,00088,600,00093,900,00085,700,00080,100,00070,400,00060,400,00068,100,00064,100,00050,200,000
Group/Directors Accounts
other short term finances
hp & lease commitments85,300,00095,300,00057,500,00070,000,000100,000400,0001,400,000
other current liabilities208,200,000256,400,000231,800,000161,600,000165,300,000157,500,000171,200,000140,100,000117,200,000113,900,000106,700,00093,600,00087,900,00091,600,00082,000,000
total current liabilities468,000,000541,200,000468,100,000392,600,000261,700,000253,100,000259,800,000234,000,000202,900,000194,000,000177,200,000155,200,000157,100,000157,200,000134,500,000
loans1,198,400,0001,140,000,0001,067,400,0001,021,000,000200,000200,000200,0002,400,0004,600,00020,000,000
hp & lease commitments599,200,000570,000,000533,700,000510,500,000100,000400,000
Accruals and Deferred Income
other liabilities
provisions37,800,00099,600,000116,200,000126,600,000134,200,00089,600,000243,200,000233,600,000122,200,000311,600,000139,800,000361,800,000354,000,000393,800,000577,200,000
total long term liabilities618,100,000619,800,000591,800,000573,800,00067,100,00044,800,000121,600,000116,800,00061,100,000155,900,00070,000,000181,000,000178,200,000199,200,000298,600,000
total liabilities1,086,100,0001,161,000,0001,059,900,000966,400,000328,800,000297,900,000381,400,000350,800,000264,000,000349,900,000247,200,000336,200,000335,300,000356,400,000433,100,000
net assets978,400,000871,700,000991,500,000720,800,000615,200,000567,100,000454,200,000397,000,000421,700,000294,900,000261,700,000112,800,00070,200,00023,100,000-73,700,000
total shareholders funds978,400,000871,700,000991,500,000720,800,000615,200,000567,100,000454,200,000397,000,000421,700,000294,900,000261,700,000112,800,00070,200,00023,100,000-73,700,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit340,200,000415,200,000401,700,000195,700,000260,000,000240,100,000234,400,000237,200,000221,900,000189,800,000136,200,000119,800,000115,300,000107,400,00079,400,000
Depreciation44,800,00036,500,00028,700,000108,200,00028,000,00025,800,00025,600,00021,900,00019,800,00019,200,00017,300,00015,700,00016,300,00016,500,00016,500,000
Amortisation36,500,0007,500,0005,800,0005,800,0006,500,0004,400,0002,400,0002,100,0001,800,0001,600,0001,400,0001,200,0001,300,0001,700,0001,600,000
Tax-73,000,000-31,600,000-75,800,000-37,700,000-51,700,000-48,100,000-47,200,000-51,400,000-44,200,000-40,100,000-33,200,000-24,100,000-29,200,000-34,000,000-18,500,000
Stock9,500,00071,700,00046,600,00023,200,0005,500,000-9,100,00051,700,0006,600,00034,000,00019,700,0007,500,000-2,600,00013,000,00019,200,00086,300,000
Debtors-674,400,000524,500,000175,800,000-8,900,0007,100,00048,200,0001,900,0006,400,000-3,600,0009,700,00027,400,000700,000300,000-400,00095,400,000
Creditors-15,000,00010,700,00017,800,00064,600,000800,0007,000,000-5,300,0008,200,0005,600,0009,700,00010,000,000-7,700,0004,000,00013,900,00050,200,000
Accruals and Deferred Income-48,200,00024,600,00070,200,000-3,700,0007,800,000-13,700,00031,100,00022,900,0003,300,0007,200,00013,100,0005,700,000-3,700,0009,600,00082,000,000
Deferred Taxes & Provisions-61,800,000-16,600,000-10,400,000-7,600,00044,600,000-153,600,0009,600,000111,400,000-189,400,000171,800,000-222,000,0007,800,000-39,800,000-183,400,000577,200,000
Cash flow from operations888,400,000-149,900,000215,600,000311,000,000283,400,00022,800,000197,000,000339,300,000-11,600,000329,800,000-112,100,000120,300,00050,900,000-87,100,000606,700,000
Investing Activities
capital expenditure-139,900,00017,200,000-364,900,000-714,800,000-64,800,000-30,300,000-47,700,000-72,600,000-23,500,000-48,600,000-1,600,000-25,000,000-9,700,0004,600,000-181,100,000
Change in Investments800,000-300,000-543,900,000544,200,000-1,000,0001,000,000-2,000,0002,000,000
cash flow from investments-140,700,00017,500,000179,000,000-1,259,000,000-64,800,000-30,300,000-47,700,000-72,600,000-23,500,000-48,600,000-600,000-26,000,000-7,700,0004,600,000-183,100,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans58,400,00072,600,00046,400,0001,021,000,000-200,000-2,200,000-2,200,000-15,400,00020,000,000
Hire Purchase and Lease Commitments19,200,00074,100,00010,700,000580,500,000-200,000200,000-400,000-1,400,0001,800,000
other long term liabilities
share issue-33,800,000-379,000,00089,800,000-42,000,000-90,300,000-9,200,000-59,400,000-144,900,00011,300,000-74,500,00074,900,000-36,600,000-26,200,00029,900,000-119,400,000
interest-12,600,000-9,400,000-11,400,000-10,400,000700,000-1,600,000-2,200,000800,000-2,300,000500,000-7,700,000-1,200,000-6,500,000-10,800,000
cash flow from financing31,200,000-241,700,000135,500,0001,549,100,000-89,600,000-10,800,000-61,600,000-144,100,0008,800,000-74,000,00074,700,000-46,300,000-30,000,0006,600,000-108,400,000
cash and cash equivalents
cash-25,200,000-207,300,00084,600,000163,300,00036,100,00045,200,00046,800,000-26,800,00034,200,000-7,800,00043,000,00037,300,00020,800,00024,600,00014,000,000
overdraft-100,000-1,000,000200,000900,000
change in cash-25,200,000-207,300,00084,600,000163,300,00036,100,00045,200,00046,800,000-26,800,00034,200,000-7,700,00044,000,00037,300,00020,800,00024,400,00013,100,000

howden joinery group plc 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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Howden Joinery Group Plc Competitor Analysis

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Perform a competitor analysis for howden joinery group plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in W1U area or any other competitors across 12 key performance metrics.

howden joinery group plc Ownership

HOWDEN JOINERY GROUP PLC group structure

Howden Joinery Group Plc has 1 subsidiary company.

Ultimate parent company

HOWDEN JOINERY GROUP PLC

02128710

1 subsidiary

HOWDEN JOINERY GROUP PLC Shareholders

undisclosed 100%

howden joinery group plc directors

Howden Joinery Group Plc currently has 10 directors. The longest serving directors include Mr Andrew Cripps (Dec 2015) and Mr William Livingston (Apr 2018).

officercountryagestartendrole
Mr Andrew CrippsUnited Kingdom67 years Dec 2015- Director
Mr William LivingstonEngland57 years Apr 2018- Director
Ms Louise ProvanEngland60 years Nov 2019- Director
Mr Paul HayesUnited Kingdom58 years Dec 2020- Director
Mr Peter VentressEngland64 years Jul 2022- Director
Mr Louis EperjesiUnited Kingdom63 years Jun 2023- Director
Mrs Vanda Murray64 years Feb 2024- Director
Mrs Roisin CurrieEngland53 years Jul 2024- Director
Mrs Suzy HesterEngland59 years Jul 2024- Director
Mr Timothy LodgeEngland60 years Jan 2025- Director

P&L

December 2023

turnover

2.3b

0%

operating profit

340.2m

-18%

gross margin

60.8%

-0.17%

turnover

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

Balance Sheet

December 2023

net assets

978.4m

+0.12%

total assets

2.1b

+0.02%

cash

282.8m

-0.08%

net assets

Total assets minus all liabilities

howden joinery group plc company details

company number

02128710

Type

Public limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

May 1987

age

38

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

galiform plc (September 2010)

mfi furniture group plc (October 2006)

accountant

-

auditor

KPMG LLP

address

105 wigmore street, london, W1U 1QY

Bank

LLOYDS TSB BANK PLC

Legal Advisor

FRESHFIELD BRUCKHAUS DERINGER

howden joinery group plc 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 7 charges/mortgages relating to howden joinery group plc. Currently there are 0 open charges and 7 have been satisfied in the past.

howden joinery group plc 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 HOWDEN JOINERY GROUP PLC. This can take several minutes, an email will notify you when this has completed.

howden joinery group plc Companies House Filings - See Documents

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