the timber group limited
the timber group limited Company Information
Company Number
02683645
Registered Address
huws gray head office, industrial estate, llangefni, anglesey, LL77 7JA
Industry
Agents involved in the sale of timber and building materials
Telephone
01344874137
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
patagonia bidco limited 100%
the timber group limited Estimated Valuation
Pomanda estimates the enterprise value of THE TIMBER GROUP LIMITED at £57.6m based on a Turnover of £66.2m and 0.87x industry multiple (adjusted for size and gross margin).
the timber group limited Estimated Valuation
Pomanda estimates the enterprise value of THE TIMBER GROUP LIMITED at £63.1m based on an EBITDA of £7.7m and a 8.2x industry multiple (adjusted for size and gross margin).
the timber group limited Estimated Valuation
Pomanda estimates the enterprise value of THE TIMBER GROUP LIMITED at £26.6m based on Net Assets of £15.8m and 1.68x industry multiple (adjusted for liquidity).
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The Timber Group Limited Overview
The Timber Group Limited is a live company located in llangefni, LL77 7JA with a Companies House number of 02683645. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in February 1992, it's largest shareholder is patagonia bidco limited with a 100% stake. The Timber Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £66.2m with low growth in recent years.
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The Timber Group Limited Health Check
Pomanda's financial health check has awarded The Timber Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £66.2m, make it larger than the average company (£16.3m)
£66.2m - The Timber Group Limited
£16.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9%)
3% - The Timber Group Limited
9% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (27.8%)
21% - The Timber Group Limited
27.8% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (6.3%)
9.9% - The Timber Group Limited
6.3% - Industry AVG
Employees
with 126 employees, this is above the industry average (41)
126 - The Timber Group Limited
41 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has a higher pay structure (£37.5k)
£45.4k - The Timber Group Limited
£37.5k - Industry AVG
Efficiency
resulting in sales per employee of £525.1k, this is more efficient (£324.1k)
£525.1k - The Timber Group Limited
£324.1k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (47 days)
24 days - The Timber Group Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (46 days)
29 days - The Timber Group Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is in line with average (58 days)
48 days - The Timber Group Limited
58 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is more cash available to meet short term requirements (5 weeks)
7 weeks - The Timber Group Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.2%, this is a similar level of debt than the average (57.9%)
52.2% - The Timber Group Limited
57.9% - Industry AVG
THE TIMBER GROUP LIMITED financials
The Timber Group Limited's latest turnover from December 2022 is £66.2 million and the company has net assets of £15.8 million. According to their latest financial statements, The Timber Group Limited has 126 employees and maintains cash reserves of £805 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 66,160,000 | 72,008,000 | 50,383,000 | 60,188,000 | 13,206,000 | 13,823,000 | 14,205,000 | 14,378,293 | 12,496,401 | 10,574,255 | 9,070,546 | 8,592,372 | 7,444,098 | 7,203,062 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 52,268,000 | 55,963,000 | 41,386,000 | 49,927,000 | 9,120,000 | 9,379,000 | 9,604,000 | 9,594,033 | 8,263,163 | 6,933,103 | 5,930,256 | 5,618,312 | 4,605,832 | 5,949,292 |
| Gross Profit | 13,892,000 | 16,045,000 | 8,997,000 | 10,261,000 | 4,086,000 | 4,444,000 | 4,601,000 | 4,784,260 | 4,233,238 | 3,641,152 | 3,140,290 | 2,974,060 | 2,838,266 | 1,253,770 |
| Admin Expenses | 7,314,000 | 8,205,000 | 8,743,000 | 8,192,000 | 3,366,000 | 3,615,000 | 3,546,000 | 3,961,131 | 3,204,507 | 2,884,265 | 2,842,841 | 2,602,700 | 2,447,159 | 937,082 |
| Operating Profit | 6,578,000 | 7,840,000 | 254,000 | 2,069,000 | 720,000 | 829,000 | 1,055,000 | 823,129 | 1,028,731 | 756,887 | 297,449 | 371,360 | 391,107 | 316,688 |
| Interest Payable | 567,000 | 186,000 | 157,000 | 179,000 | 11,000 | 15,000 | 23,000 | 76,961 | 15,620 | 88,017 | 83,497 | 90,803 | 100,410 | 112,571 |
| Interest Receivable | 0 | 0 | 0 | 3,000 | 0 | 0 | 0 | 16,805 | 169,390 | 0 | 0 | 2 | 0 | 414 |
| Pre-Tax Profit | 6,011,000 | 7,654,000 | 97,000 | 1,893,000 | 709,000 | 814,000 | 1,032,000 | 762,973 | 1,248,809 | 668,870 | 213,952 | 280,829 | 290,697 | 204,531 |
| Tax | -9,000 | -1,479,000 | -149,000 | -360,000 | -145,000 | -158,000 | -199,000 | -165,536 | -262,244 | -161,911 | -46,869 | -42,548 | -83,056 | -48,307 |
| Profit After Tax | 6,002,000 | 6,175,000 | -52,000 | 1,533,000 | 564,000 | 656,000 | 833,000 | 597,437 | 986,565 | 506,959 | 167,083 | 238,281 | 207,641 | 156,224 |
| Dividends Paid | 0 | 0 | 0 | 2,000,000 | 0 | 0 | 0 | 181,000 | 486,000 | 177,000 | 0 | 180,000 | 173,100 | 115,000 |
| Retained Profit | 6,002,000 | 6,175,000 | -52,000 | -467,000 | 564,000 | 656,000 | 833,000 | 416,437 | 500,565 | 329,959 | 167,083 | 58,281 | 34,541 | 41,224 |
| Employee Costs | 5,718,000 | 5,577,000 | 5,234,000 | 5,666,000 | 1,865,000 | 1,960,000 | 1,998,000 | 1,978,042 | 1,720,958 | 1,533,095 | 1,468,325 | 1,372,140 | 1,274,227 | 1,337,291 |
| Number Of Employees | 126 | 126 | 141 | 161 | 58 | 62 | 60 | 61 | 55 | 53 | 54 | 52 | 48 | 50 |
| EBITDA* | 7,695,000 | 8,995,000 | 1,482,000 | 3,320,000 | 941,000 | 1,047,000 | 1,287,000 | 1,232,065 | 1,222,635 | 832,479 | 442,154 | 517,463 | 525,795 | 469,791 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,398,000 | 5,632,000 | 7,996,000 | 10,278,000 | 1,665,000 | 4,049,000 | 4,177,000 | 3,444,379 | 3,313,200 | 2,981,900 | 2,433,844 | 2,407,896 | 2,294,243 | 2,359,646 |
| Intangible Assets | 3,982,000 | 4,583,000 | 0 | 0 | 0 | 0 | 0 | 0 | 206,250 | 236,250 | 266,250 | 296,250 | 326,250 | 356,250 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,380,000 | 10,215,000 | 7,996,000 | 10,278,000 | 1,665,000 | 4,049,000 | 4,177,000 | 3,444,379 | 3,519,450 | 3,218,150 | 2,700,094 | 2,704,146 | 2,620,493 | 2,715,896 |
| Stock & work in progress | 7,009,000 | 8,661,000 | 3,203,000 | 5,966,000 | 1,234,000 | 1,129,000 | 858,000 | 750,006 | 821,504 | 891,629 | 702,890 | 577,552 | 601,214 | 628,336 |
| Trade Debtors | 4,375,000 | 5,067,000 | 3,884,000 | 4,913,000 | 1,633,000 | 1,839,000 | 2,099,000 | 1,907,334 | 1,740,177 | 1,621,979 | 1,161,167 | 1,382,753 | 903,388 | 804,619 |
| Group Debtors | 9,883,000 | 4,480,000 | 6,959,000 | 6,439,000 | 2,413,000 | 2,372,000 | 1,667,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,580,000 | 1,271,000 | 634,000 | 948,000 | 342,000 | 372,000 | 339,000 | 997,102 | 361,497 | 305,337 | 274,053 | 278,813 | 258,245 | 250,888 |
| Cash | 805,000 | 2,598,000 | 4,993,000 | 6,013,000 | 940,000 | 1,158,000 | 1,107,000 | 1,235,510 | 1,010,379 | 407,400 | 18,597 | 35,014 | 82,628 | 135,695 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,652,000 | 22,077,000 | 19,673,000 | 24,279,000 | 6,562,000 | 6,870,000 | 6,070,000 | 4,889,952 | 3,933,557 | 3,226,345 | 2,156,707 | 2,274,132 | 1,845,475 | 1,819,538 |
| total assets | 33,032,000 | 32,292,000 | 27,669,000 | 34,557,000 | 8,227,000 | 10,919,000 | 10,247,000 | 8,334,331 | 7,453,007 | 6,444,495 | 4,856,801 | 4,978,278 | 4,465,968 | 4,535,434 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143,438 | 140,738 | 256,672 | 249,117 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 103,618 | 88,015 | 88,663 | 69,323 | 49,136 | 47,665 | 60,632 |
| Trade Creditors | 4,164,000 | 6,829,000 | 6,247,000 | 8,380,000 | 2,433,000 | 2,631,000 | 2,590,000 | 2,380,519 | 2,001,710 | 1,793,193 | 1,196,933 | 1,297,219 | 896,901 | 989,182 |
| Group/Directors Accounts | 0 | 1,277,000 | 12,873,000 | 17,670,000 | 1,324,000 | 1,127,000 | 1,548,000 | 0 | 0 | 0 | 0 | 180,000 | 173,100 | 114,502 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,222 |
| hp & lease commitments | 613,000 | 608,000 | 455,000 | 460,000 | 33,000 | 80,000 | 120,000 | 149,416 | 116,472 | 93,053 | 61,447 | 59,625 | 38,460 | 70,746 |
| other current liabilities | 839,000 | 1,752,000 | 572,000 | 523,000 | 364,000 | 1,164,000 | 616,000 | 786,985 | 790,020 | 641,874 | 418,937 | 444,278 | 356,147 | 261,184 |
| total current liabilities | 5,616,000 | 10,466,000 | 20,147,000 | 27,033,000 | 4,154,000 | 5,002,000 | 4,874,000 | 3,420,538 | 2,996,217 | 2,616,783 | 1,890,078 | 2,170,996 | 1,768,945 | 1,811,585 |
| loans | 7,637,000 | 7,239,000 | 0 | 0 | 0 | 0 | 0 | 1,024,156 | 1,082,582 | 1,171,065 | 1,210,917 | 1,195,232 | 1,245,709 | 1,295,198 |
| hp & lease commitments | 3,893,000 | 4,700,000 | 3,557,000 | 3,943,000 | 3,000 | 36,000 | 114,000 | 232,523 | 211,323 | 176,420 | 99,479 | 132,918 | 24,093 | 49,433 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,995 | 0 | 0 | 0 | 0 | 0 |
| provisions | 95,000 | 98,000 | 424,000 | 101,000 | 123,000 | 492,000 | 526,000 | 479,212 | 392,897 | 111,133 | 67,192 | 57,080 | 63,450 | 49,988 |
| total long term liabilities | 11,625,000 | 12,037,000 | 3,981,000 | 4,044,000 | 126,000 | 528,000 | 640,000 | 1,735,891 | 1,707,797 | 1,458,618 | 1,377,588 | 1,385,230 | 1,333,252 | 1,394,619 |
| total liabilities | 17,241,000 | 22,503,000 | 24,128,000 | 31,077,000 | 4,280,000 | 5,530,000 | 5,514,000 | 5,156,429 | 4,704,014 | 4,075,401 | 3,267,666 | 3,556,226 | 3,102,197 | 3,206,204 |
| net assets | 15,791,000 | 9,789,000 | 3,541,000 | 3,480,000 | 3,947,000 | 5,389,000 | 4,733,000 | 3,177,902 | 2,748,993 | 2,369,094 | 1,589,135 | 1,422,052 | 1,363,771 | 1,329,230 |
| total shareholders funds | 15,791,000 | 9,789,000 | 3,541,000 | 3,480,000 | 3,947,000 | 5,389,000 | 4,733,000 | 3,177,902 | 2,748,993 | 2,369,094 | 1,589,135 | 1,422,052 | 1,363,771 | 1,329,230 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 6,578,000 | 7,840,000 | 254,000 | 2,069,000 | 720,000 | 829,000 | 1,055,000 | 823,129 | 1,028,731 | 756,887 | 297,449 | 371,360 | 391,107 | 316,688 |
| Depreciation | 1,117,000 | 1,155,000 | 1,228,000 | 1,251,000 | 221,000 | 218,000 | 232,000 | 202,686 | 163,904 | 45,592 | 114,705 | 116,103 | 104,688 | 123,103 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 206,250 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | ||
| Tax | -9,000 | -1,479,000 | -149,000 | -360,000 | -145,000 | -158,000 | -199,000 | -165,536 | -262,244 | -161,911 | -46,869 | -42,548 | -83,056 | -48,307 |
| Stock | -1,652,000 | 5,458,000 | -2,763,000 | 4,732,000 | 105,000 | 271,000 | 107,994 | -71,498 | -70,125 | 188,739 | 125,338 | -23,662 | -27,122 | 628,336 |
| Debtors | 5,020,000 | -659,000 | -823,000 | 7,912,000 | -195,000 | 478,000 | 1,200,564 | 802,762 | 174,358 | 492,096 | -226,346 | 499,933 | 106,126 | 1,055,507 |
| Creditors | -2,665,000 | 582,000 | -2,133,000 | 5,947,000 | -198,000 | 41,000 | 209,481 | 378,809 | 208,517 | 596,260 | -100,286 | 400,318 | -92,281 | 989,182 |
| Accruals and Deferred Income | -913,000 | 1,180,000 | 49,000 | 159,000 | -800,000 | 548,000 | -170,985 | -3,035 | 148,146 | 222,937 | -25,341 | 88,131 | 94,963 | 261,184 |
| Deferred Taxes & Provisions | -3,000 | -326,000 | 323,000 | -22,000 | -369,000 | -34,000 | 46,788 | 86,315 | 281,764 | 43,941 | 10,112 | -6,370 | 13,462 | 49,988 |
| Cash flow from operations | 3,158,000 | -3,600,000 | -481,000 | 695,000 | -135,274 | 797,354 | 1,494,585 | 852,871 | 380,778 | 480,723 | 379,879 | 37,995 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | -344,605 | -291,878 | -226,667 | -140,653 | -221,127 | -46,032 | -5,290 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -344,605 | -291,878 | -226,667 | -140,653 | -221,127 | -46,032 | -5,290 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -103,618 | 15,603 | -648 | 19,340 | 20,187 | 1,471 | -12,967 | 60,632 |
| Group/Directors Accounts | -1,277,000 | -11,596,000 | -4,797,000 | 16,346,000 | 197,000 | -421,000 | 1,548,000 | 0 | 0 | 0 | -180,000 | 6,900 | 58,598 | 114,502 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66,222 | 66,222 |
| Long term loans | 398,000 | 7,239,000 | 0 | 0 | 0 | 0 | -1,024,156 | -58,426 | -88,483 | -39,852 | 15,685 | -50,477 | -49,489 | 1,295,198 |
| Hire Purchase and Lease Commitments | -802,000 | 1,296,000 | -391,000 | 4,367,000 | -80,000 | -118,000 | -147,939 | 54,144 | 58,322 | 108,547 | -31,617 | 129,990 | -57,626 | 120,179 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,995 | 20,995 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -567,000 | -186,000 | -157,000 | -176,000 | -11,000 | -15,000 | -23,000 | -60,156 | 153,770 | -88,017 | -83,497 | -90,801 | -100,410 | -112,157 |
| cash flow from financing | -2,248,000 | -3,174,000 | -5,232,000 | 20,537,000 | -1,900,000 | -554,000 | 971,385 | -57,358 | 23,290 | 450,018 | -259,242 | -2,917 | -228,116 | 2,832,582 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,793,000 | -2,395,000 | -1,020,000 | 5,073,000 | -218,000 | 51,000 | -128,510 | 225,131 | 602,979 | 388,803 | -16,417 | -47,614 | -53,067 | 135,695 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -143,438 | 2,700 | -115,934 | 7,555 | 249,117 |
| change in cash | -1,793,000 | -2,395,000 | -1,020,000 | 5,073,000 | -218,000 | 51,000 | -128,510 | 225,131 | 602,979 | 532,241 | -19,117 | 68,320 | -60,622 | -113,422 |
the timber group limited Credit Report and Business Information
The Timber Group Limited Competitor Analysis
Perform a competitor analysis for the timber group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the timber group limited Ownership
THE TIMBER GROUP LIMITED group structure
The Timber Group Limited has 1 subsidiary company.
Ultimate parent company
GRAFTON GROUP PUBLIC LIMITED COMPANY
IE008149
2 parents
THE TIMBER GROUP LIMITED
02683645
1 subsidiary
the timber group limited directors
The Timber Group Limited currently has 3 directors. The longest serving directors include Mr Ian Northen (Dec 2021) and Mr Andrew Wagstaff (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Northen | Wales | 49 years | Dec 2021 | - | Director |
| Mr Andrew Wagstaff | Wales | 55 years | Dec 2021 | - | Director |
| Mr Jonathan White | Scotland | 43 years | Mar 2023 | - | Director |
P&L
December 2022turnover
66.2m
-8%
operating profit
6.6m
-16%
gross margin
21%
-5.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
15.8m
+0.61%
total assets
33m
+0.02%
cash
805k
-0.69%
net assets
Total assets minus all liabilities
the timber group limited company details
company number
02683645
Type
Private limited with Share Capital
industry
46130 - Agents involved in the sale of timber and building materials
incorporation date
February 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
t brewer & co ltd (January 2019)
rantemp ltd (December 1992)
incorporated
UK
address
huws gray head office, industrial estate, llangefni, anglesey, LL77 7JA
last accounts submitted
December 2022
the timber group 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 10 charges/mortgages relating to the timber group limited. Currently there are 1 open charges and 9 have been satisfied in the past.
the timber group limited Companies House Filings - See Documents
| date | description | view/download |
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