jig u.k. ltd

4

jig u.k. ltd Company Information

Share JIG U.K. LTD
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Company Number

02793219

Registered Address

hurlingham business park, fulbeck heath, grantham, lincolnshire, NG32 3HL

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

 

Telephone

01400262196

Next Accounts Due

February 2025

Group Structure

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Directors

Brian Athey8 Years

Garth Bretherton2 Years

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Shareholders

emma bretherton 40%

jane cooper 40%

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jig u.k. ltd Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of JIG U.K. LTD at £2.9m based on a Turnover of £6.3m and 0.47x industry multiple (adjusted for size and gross margin).

jig u.k. ltd Estimated Valuation

£720.5k

Pomanda estimates the enterprise value of JIG U.K. LTD at £720.5k based on an EBITDA of £183.4k and a 3.93x industry multiple (adjusted for size and gross margin).

jig u.k. ltd Estimated Valuation

£6.3m

Pomanda estimates the enterprise value of JIG U.K. LTD at £6.3m based on Net Assets of £3.1m and 2.07x industry multiple (adjusted for liquidity).

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Jig U.k. Ltd Overview

Jig U.k. Ltd is a live company located in grantham, NG32 3HL with a Companies House number of 02793219. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in February 1993, it's largest shareholder is emma bretherton with a 40% stake. Jig U.k. Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £6.3m with healthy growth in recent years.

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Jig U.k. Ltd Health Check

Pomanda's financial health check has awarded Jig U.K. Ltd a 4 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 Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £6.3m, make it smaller than the average company (£18.1m)

£6.3m - Jig U.k. Ltd

£18.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (5.8%)

9% - Jig U.k. Ltd

5.8% - Industry AVG

production

Production

with a gross margin of 27.4%, this company has a comparable cost of product (27.4%)

27.4% - Jig U.k. Ltd

27.4% - Industry AVG

profitability

Profitability

an operating margin of 1.5% make it less profitable than the average company (6.5%)

1.5% - Jig U.k. Ltd

6.5% - Industry AVG

employees

Employees

with 30 employees, this is below the industry average (59)

30 - Jig U.k. Ltd

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.6k, the company has an equivalent pay structure (£40.6k)

£40.6k - Jig U.k. Ltd

£40.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £210.5k, this is less efficient (£335.4k)

£210.5k - Jig U.k. Ltd

£335.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 54 days, this is near the average (57 days)

54 days - Jig U.k. Ltd

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 47 days, this is close to average (46 days)

47 days - Jig U.k. Ltd

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 153 days, this is more than average (95 days)

153 days - Jig U.k. Ltd

95 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 (13 weeks)

31 weeks - Jig U.k. Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 25.7%, this is a lower level of debt than the average (49.4%)

25.7% - Jig U.k. Ltd

49.4% - Industry AVG

JIG U.K. LTD financials

EXPORTms excel logo

Jig U.K. Ltd's latest turnover from May 2023 is estimated at £6.3 million and the company has net assets of £3.1 million. According to their latest financial statements, Jig U.K. Ltd has 30 employees and maintains cash reserves of £612.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013Dec 2011Dec 2010Dec 2009
Turnover6,315,3937,568,6985,092,2034,894,1214,757,2925,194,5295,527,1436,081,3215,317,6464,334,5006,043,0324,802,2444,910,2219,000,569
Other Income Or Grants00000000000000
Cost Of Sales4,583,9095,510,9823,765,3583,579,8633,454,8763,760,0753,963,1684,351,5913,842,3943,129,8473,376,4492,390,3112,698,7394,965,317
Gross Profit1,731,4842,057,7161,326,8461,314,2591,302,4161,434,4541,563,9741,729,7301,475,2511,204,6522,666,5832,411,9332,211,4824,035,252
Admin Expenses1,636,7701,661,7591,419,8334,622,2021,244,2731,373,7741,501,2121,608,4731,442,1891,064,6942,646,4612,009,5262,405,2793,843,492
Operating Profit94,714395,957-92,987-3,307,94358,14360,68062,762121,25733,062139,95820,122402,407-193,797191,760
Interest Payable000000000000012
Interest Receivable25,0176,52059883610,6297,7444,71310,3029,83210,328139,10296,2086,68016,769
Pre-Tax Profit119,731402,478-92,389-3,307,10768,77268,42367,475131,55942,894150,286159,224498,615-187,117208,517
Tax-29,933-76,47100-13,067-13,000-12,820-26,312-8,579-31,560-63,853-141,78157,894-44,546
Profit After Tax89,798326,007-92,389-3,307,10755,70555,42354,655105,24734,315118,72695,371356,834-129,223163,971
Dividends Paid0000000000002,000,0000
Retained Profit89,798326,007-92,389-3,307,10755,70555,42354,655105,24734,315118,72695,371356,834-2,129,223163,971
Employee Costs1,218,1101,134,8001,189,7271,158,0451,221,7841,210,9181,475,1481,270,702662,179574,2051,256,739917,3021,042,4941,863,779
Number Of Employees30293434343444402119475258102
EBITDA*183,426472,908-8,200-3,203,783183,675208,016190,771233,515140,420235,981140,536500,450-42,879500,531

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013Dec 2011Dec 2010Dec 2009
Tangible Assets281,367230,094194,585230,683758,229827,981860,286837,650772,287751,403718,544704,934737,433947,634
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000222,222583,3311,000,0001,000,00000
Total Fixed Assets281,367230,094194,585230,683758,229827,981860,286837,650994,5091,334,7341,718,5441,704,934737,433947,634
Stock & work in progress1,927,8182,100,5531,594,7021,819,3642,162,5192,245,2242,256,8442,018,6651,936,1821,676,9381,441,7011,214,6011,127,0621,247,969
Trade Debtors942,3521,282,399717,313509,413382,253703,171575,562866,8751,105,443851,815113,37885,60892,545234,493
Group Debtors00000000000000
Misc Debtors352,985356,980161,897216,4891,970,553893,234939,213338,46900294,778587,481370,489374,070
Cash612,114499,745804,351391,4171,279,9771,554,3201,543,0822,227,4781,893,2832,039,4072,091,805614,2071,261,8855,056,050
misc current assets00000200,000200,000200,000200,000200,000200,0001,800,0002,000,0000
total current assets3,835,2694,239,6773,278,2632,936,6835,795,3025,595,9495,514,7015,651,4875,134,9084,768,1604,141,6624,301,8974,851,9816,912,582
total assets4,116,6364,469,7713,472,8483,167,3666,553,5316,423,9306,374,9876,489,1376,129,4176,102,8945,860,2066,006,8315,589,4147,860,216
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 595,387875,146190,898162,032168,198204,467227,562343,021324,401348,475106,909100,19498,462127,060
Group/Directors Accounts0000000000026,42844,97465,611
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities404,807592,365615,937249,010316,934199,278172,601230,86200135,670357,953280,556372,900
total current liabilities1,000,1941,467,511806,835411,042485,132403,745400,163573,883324,401348,475242,579484,575423,992565,571
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions58,43534,05123,81121,73326,70134,19244,25439,33934,34818,0660000
total long term liabilities58,43534,05123,81121,73326,70134,19244,25439,33934,34818,0660000
total liabilities1,058,6291,501,562830,646432,775511,833437,937444,417613,222358,749366,541242,579484,575423,992565,571
net assets3,058,0072,968,2092,642,2022,734,5916,041,6985,985,9935,930,5705,875,9155,770,6685,736,3535,617,6275,522,2565,165,4227,294,645
total shareholders funds3,058,0072,968,2092,642,2022,734,5916,041,6985,985,9935,930,5705,875,9155,770,6685,736,3535,617,6275,522,2565,165,4227,294,645
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit94,714395,957-92,987-3,307,94358,14360,68062,762121,25733,062139,95820,122402,407-193,797191,760
Depreciation88,71276,95184,787104,160125,532147,336128,009112,258107,35896,023120,41498,043150,918235,882
Amortisation000000000000072,889
Tax-29,933-76,47100-13,067-13,000-12,820-26,312-8,579-31,560-63,853-141,78157,894-44,546
Stock-172,735505,851-224,662-343,155-82,705-11,620238,17982,483259,244235,2371,441,70187,539-120,9071,247,969
Debtors-344,042760,169153,308-1,626,904756,40181,630309,431-122,321-107,48126,9901,408,1561,210,055-145,529608,563
Creditors-279,759684,24828,866-6,166-36,269-23,095-115,45918,620-24,074241,566106,9091,732-28,598127,060
Accruals and Deferred Income-187,558-23,572366,927-67,924117,65626,677-58,261230,8620-135,670135,67077,397-92,344372,900
Deferred Taxes & Provisions24,38410,2402,078-4,968-7,491-10,0624,9154,99116,28218,0660000
Cash flow from operations227,337-198,667461,025-1,312,782-429,192118,526-538,464501,514-27,71466,156-2,530,595-859,796160,509-900,587
Investing Activities
capital expenditure-139,985-112,460-48,689423,386-55,780-115,031-150,645-177,621-128,242-128,8821,490,454136,90563,822-130,453
Change in Investments00000000000000
cash flow from investments-139,985-112,460-48,689423,386-55,780-115,031-150,645-177,621-128,242-128,8821,490,454136,90563,822-130,453
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000-18,546-20,63765,611
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000000005,522,256007,130,674
interest25,0176,52059883610,6297,7444,71310,3029,83210,328139,10296,2086,68016,757
cash flow from financing25,0176,52059883610,6297,7444,71310,3029,83210,3285,661,35877,662-13,9577,213,042
cash and cash equivalents
cash112,369-304,606412,934-888,560-274,34311,238-684,396334,195-146,124-52,3982,091,805-647,678-3,794,1655,056,050
overdraft00000000000000
change in cash112,369-304,606412,934-888,560-274,34311,238-684,396334,195-146,124-52,3982,091,805-647,678-3,794,1655,056,050

jig u.k. ltd 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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Jig U.k. Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for jig u.k. ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in NG32 area or any other competitors across 12 key performance metrics.

jig u.k. ltd Ownership

JIG U.K. LTD group structure

Jig U.K. Ltd has no subsidiary companies.

Ultimate parent company

JIG U.K. LTD

02793219

JIG U.K. LTD Shareholders

emma bretherton 40%
jane cooper 40%
bea investments limited 20%

jig u.k. ltd directors

Jig U.K. Ltd currently has 3 directors. The longest serving directors include Mr Brian Athey (Feb 2016) and Mr Garth Bretherton (Apr 2022).

officercountryagestartendrole
Mr Brian Athey48 years Feb 2016- Director
Mr Garth BrethertonEngland51 years Apr 2022- Director
Mr Ashley MacKinder38 years Sep 2022- Director

P&L

May 2023

turnover

6.3m

-17%

operating profit

94.7k

0%

gross margin

27.5%

+0.84%

turnover

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

Balance Sheet

May 2023

net assets

3.1m

+0.03%

total assets

4.1m

-0.08%

cash

612.1k

+0.22%

net assets

Total assets minus all liabilities

jig u.k. ltd company details

company number

02793219

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

February 1993

age

31

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2023

previous names

just interesting gifts limited (September 2002)

just interesting gifts limited (September 2002)

accountant

DUNCAN & TOPLIS LIMITED

auditor

-

address

hurlingham business park, fulbeck heath, grantham, lincolnshire, NG32 3HL

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

jig u.k. ltd 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 2 charges/mortgages relating to jig u.k. ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

jig u.k. ltd Companies House Filings - See Documents

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