s.j.m. alloys & metals limited
s.j.m. alloys & metals limited Company Information
Company Number
02812324
Next Accounts
Jan 2025
Industry
Wholesale of metals and metal ores
Shareholders
mr stephen midgley
mrs caroline midgley
Group Structure
View All
Contact
Registered Address
204 moulsham street, chelmsford, CM2 0LG
Website
www.sjmalloysandmetals.coms.j.m. alloys & metals limited Estimated Valuation
Pomanda estimates the enterprise value of S.J.M. ALLOYS & METALS LIMITED at £65.5m based on a Turnover of £132.8m and 0.49x industry multiple (adjusted for size and gross margin).
s.j.m. alloys & metals limited Estimated Valuation
Pomanda estimates the enterprise value of S.J.M. ALLOYS & METALS LIMITED at £49.4m based on an EBITDA of £7.8m and a 6.31x industry multiple (adjusted for size and gross margin).
s.j.m. alloys & metals limited Estimated Valuation
Pomanda estimates the enterprise value of S.J.M. ALLOYS & METALS LIMITED at £26.8m based on Net Assets of £15.9m and 1.69x industry multiple (adjusted for liquidity).
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S.j.m. Alloys & Metals Limited Overview
S.j.m. Alloys & Metals Limited is a live company located in chelmsford, CM2 0LG with a Companies House number of 02812324. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in April 1993, it's largest shareholder is mr stephen midgley with a 60% stake. S.j.m. Alloys & Metals Limited is a mature, mega sized company, Pomanda has estimated its turnover at £132.8m with rapid growth in recent years.
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S.j.m. Alloys & Metals Limited Health Check
Pomanda's financial health check has awarded S.J.M. Alloys & Metals Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £132.8m, make it larger than the average company (£26.3m)
£132.8m - S.j.m. Alloys & Metals Limited
£26.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (14.3%)
36% - S.j.m. Alloys & Metals Limited
14.3% - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (17.3%)
12.3% - S.j.m. Alloys & Metals Limited
17.3% - Industry AVG
Profitability
an operating margin of 5.8% make it less profitable than the average company (7.3%)
5.8% - S.j.m. Alloys & Metals Limited
7.3% - Industry AVG
Employees
with 27 employees, this is similar to the industry average (27)
27 - S.j.m. Alloys & Metals Limited
27 - Industry AVG
Pay Structure
on an average salary of £210.2k, the company has a higher pay structure (£49.6k)
£210.2k - S.j.m. Alloys & Metals Limited
£49.6k - Industry AVG
Efficiency
resulting in sales per employee of £4.9m, this is more efficient (£931.1k)
£4.9m - S.j.m. Alloys & Metals Limited
£931.1k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is near the average (67 days)
77 days - S.j.m. Alloys & Metals Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is close to average (50 days)
51 days - S.j.m. Alloys & Metals Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 101 days, this is more than average (74 days)
101 days - S.j.m. Alloys & Metals Limited
74 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (6 weeks)
4 weeks - S.j.m. Alloys & Metals Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.3%, this is a higher level of debt than the average (57%)
76.3% - S.j.m. Alloys & Metals Limited
57% - Industry AVG
S.J.M. ALLOYS & METALS LIMITED financials
S.J.M. Alloys & Metals Limited's latest turnover from April 2023 is £132.8 million and the company has net assets of £15.9 million. According to their latest financial statements, S.J.M. Alloys & Metals Limited has 27 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 132,823,533 | 77,230,243 | 50,421,719 | 52,677,586 | 44,977,145 | 32,402,955 | 17,706,554 | 12,069,412 | 15,103,559 | 16,596,995 | 18,333,198 | 15,806,116 | 15,227,746 | 10,813,499 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 116,542,076 | 66,019,044 | 46,975,778 | 50,563,388 | 39,455,319 | 26,997,521 | 14,869,593 | 10,532,145 | 13,473,226 | 15,557,534 | 17,198,209 | 14,007,029 | 13,218,670 | 9,578,676 |
| Gross Profit | 16,281,457 | 11,211,199 | 3,445,941 | 2,114,198 | 5,521,826 | 5,405,434 | 2,836,961 | 1,537,267 | 1,630,333 | 1,039,461 | 1,134,989 | 1,799,087 | 2,009,076 | 1,234,823 |
| Admin Expenses | 8,619,749 | 5,337,766 | 1,915,917 | 2,523,039 | 2,570,549 | 2,331,596 | 1,706,650 | 1,034,314 | 883,029 | 899,133 | 866,741 | 642,007 | 952,167 | 728,151 |
| Operating Profit | 7,661,708 | 5,873,433 | 1,530,024 | -408,841 | 2,951,277 | 3,073,838 | 1,130,311 | 502,953 | 747,304 | 140,328 | 268,248 | 1,157,080 | 1,056,909 | 506,672 |
| Interest Payable | 1,043,639 | 185,846 | 136,073 | 148,472 | 115,137 | 66,185 | 49,633 | 38,982 | 34,593 | 35,787 | 35,875 | 18,610 | 10,857 | 7,146 |
| Interest Receivable | 1 | 0 | 0 | 1,030 | 0 | 119 | 49,105 | 77,054 | 80,314 | 66,170 | 38,437 | 0 | 3,196 | 0 |
| Pre-Tax Profit | 6,618,070 | 5,687,587 | 1,393,951 | -556,283 | 2,836,140 | 3,007,772 | 1,129,783 | 541,025 | 1,048,025 | 170,711 | 270,810 | 1,138,470 | 1,049,248 | 499,526 |
| Tax | -1,274,389 | -780,509 | -64,986 | 561,119 | -347,104 | -573,442 | -222,068 | -106,025 | -170,742 | -33,345 | -57,127 | -294,297 | -293,651 | -124,970 |
| Profit After Tax | 5,343,681 | 4,907,078 | 1,328,965 | 4,836 | 2,489,036 | 2,434,330 | 907,715 | 435,000 | 877,283 | 137,366 | 213,683 | 844,173 | 755,597 | 374,556 |
| Dividends Paid | 450,000 | 645,000 | 650,000 | 360,000 | 795,000 | 655,000 | 300,000 | 240,000 | 692,500 | 82,500 | 420,000 | 300,000 | 250,000 | 350,000 |
| Retained Profit | 4,893,681 | 4,262,078 | 678,965 | -355,164 | 1,694,036 | 1,779,330 | 607,715 | 195,000 | 184,783 | 54,866 | -206,317 | 544,173 | 505,597 | 24,556 |
| Employee Costs | 5,674,106 | 3,291,960 | 833,622 | 984,225 | 1,046,369 | 924,469 | 842,693 | 469,331 | 349,155 | 389,929 | 359,788 | 320,321 | 327,597 | 325,426 |
| Number Of Employees | 27 | 23 | 23 | 27 | 26 | 21 | 17 | 13 | 5 | 5 | 5 | 5 | 5 | 5 |
| EBITDA* | 7,825,107 | 6,051,374 | 1,693,497 | -212,187 | 3,130,883 | 3,178,014 | 1,236,206 | 612,265 | 767,416 | 162,993 | 298,723 | 1,192,623 | 1,068,060 | 519,696 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 479,755 | 537,856 | 495,552 | 596,016 | 538,808 | 467,441 | 317,693 | 338,243 | 55,504 | 68,015 | 87,049 | 101,844 | 29,850 | 37,564 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,050 | 500,050 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 223,803 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 479,755 | 537,856 | 719,355 | 596,016 | 538,808 | 467,441 | 317,693 | 338,243 | 55,504 | 568,065 | 587,099 | 101,844 | 29,850 | 37,564 |
| Stock & work in progress | 32,267,351 | 26,043,095 | 11,442,481 | 10,815,902 | 11,491,961 | 12,366,896 | 4,602,072 | 2,400,291 | 1,773,951 | 1,684,987 | 1,240,784 | 2,683,818 | 1,934,711 | 1,373,518 |
| Trade Debtors | 28,370,974 | 11,948,703 | 7,115,367 | 5,003,726 | 3,979,606 | 4,741,051 | 3,673,341 | 2,649,363 | 3,076,061 | 2,481,080 | 2,686,020 | 2,260,406 | 1,602,078 | 1,138,240 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,250,052 | 723,328 | 1,061,352 | 1,706,050 | 1,238,323 | 612,330 | 727,483 | 293,538 | 101,049 | 438,214 | 485,358 | 565,858 | 370,689 | 67,319 |
| Cash | 4,458,735 | 2,509,836 | 1,582,446 | 1,061,096 | 873,256 | 365,366 | 547,979 | 257,740 | 744,112 | 399,890 | 712,716 | 425,770 | 447,397 | 455,105 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 66,347,112 | 41,224,962 | 21,201,646 | 18,586,774 | 17,583,146 | 18,085,643 | 9,550,875 | 5,600,932 | 5,695,173 | 5,004,171 | 5,124,878 | 5,935,852 | 4,354,875 | 3,034,182 |
| total assets | 66,826,867 | 41,762,818 | 21,921,001 | 19,182,790 | 18,121,954 | 18,553,084 | 9,868,568 | 5,939,175 | 5,750,677 | 5,572,236 | 5,711,977 | 6,037,696 | 4,384,725 | 3,071,746 |
| Bank overdraft | 14,008,040 | 8,122,048 | 6,014,769 | 4,373,090 | 2,687,663 | 3,512,516 | 2,515,606 | 1,792,951 | 1,739,384 | 703,514 | 382,684 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,005,997 | 1,178,917 | 1,857,959 | 420,991 | 435,118 |
| Trade Creditors | 16,584,018 | 12,243,200 | 6,112,150 | 4,062,938 | 5,015,892 | 6,141,221 | 4,019,874 | 1,657,779 | 1,647,982 | 1,810,561 | 1,809,792 | 1,520,458 | 2,041,082 | 1,250,115 |
| Group/Directors Accounts | 2,461 | 92 | 0 | 0 | 2,606 | 1,003 | 1,416 | 406 | 0 | 0 | 5,684 | 0 | 5,846 | 107,867 |
| other short term finances | 15,414,883 | 7,752,624 | 2,901,431 | 4,330,327 | 3,097,151 | 3,432,157 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 6,262 | 14,410 | 12,452 | 59,342 | 65,246 | 10,110 | 0 | 0 | 0 | 6,267 | 16,909 | 24,467 | 0 | 0 |
| other current liabilities | 4,804,836 | 2,542,863 | 69,814 | 138,873 | 698,130 | 672,405 | 319,352 | 100,022 | 232,516 | 80,408 | 401,101 | 494,695 | 363,518 | 230,955 |
| total current liabilities | 50,820,500 | 30,675,237 | 15,110,616 | 12,964,570 | 11,566,688 | 13,769,412 | 6,856,248 | 3,551,158 | 3,619,882 | 3,606,747 | 3,795,087 | 3,897,579 | 2,831,437 | 2,024,055 |
| loans | 25,000 | 35,000 | 45,000 | 46,667 | 0 | 0 | 45,153 | 22,917 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 39,921 | 59,829 | 34,707 | 41,249 | 82,837 | 13,480 | 0 | 0 | 0 | 19,477 | 25,744 | 42,656 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 90,016 | 0 | 0 | 78,592 | 65,554 | 57,353 | 33,658 | 39,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 154,937 | 94,829 | 79,707 | 166,508 | 148,391 | 70,833 | 78,811 | 62,222 | 0 | 19,477 | 25,744 | 42,656 | 0 | 0 |
| total liabilities | 50,975,437 | 30,770,066 | 15,190,323 | 13,131,078 | 11,715,079 | 13,840,245 | 6,935,059 | 3,613,380 | 3,619,882 | 3,626,224 | 3,820,831 | 3,940,235 | 2,831,437 | 2,024,055 |
| net assets | 15,851,430 | 10,992,752 | 6,730,678 | 6,051,712 | 6,406,875 | 4,712,839 | 2,933,509 | 2,325,795 | 2,130,795 | 1,946,012 | 1,891,146 | 2,097,461 | 1,553,288 | 1,047,691 |
| total shareholders funds | 15,851,430 | 10,992,752 | 6,730,678 | 6,051,712 | 6,406,875 | 4,712,839 | 2,933,509 | 2,325,795 | 2,130,795 | 1,946,012 | 1,891,146 | 2,097,461 | 1,553,288 | 1,047,691 |
| 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 | 7,661,708 | 5,873,433 | 1,530,024 | -408,841 | 2,951,277 | 3,073,838 | 1,130,311 | 502,953 | 747,304 | 140,328 | 268,248 | 1,157,080 | 1,056,909 | 506,672 |
| Depreciation | 163,399 | 177,941 | 163,473 | 196,654 | 179,606 | 104,176 | 105,895 | 109,312 | 20,112 | 22,665 | 30,475 | 35,543 | 11,151 | 13,024 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,274,389 | -780,509 | -64,986 | 561,119 | -347,104 | -573,442 | -222,068 | -106,025 | -170,742 | -33,345 | -57,127 | -294,297 | -293,651 | -124,970 |
| Stock | 6,224,256 | 14,600,614 | 626,579 | -676,059 | -874,935 | 7,764,824 | 2,201,781 | 626,340 | 88,964 | 444,203 | -1,443,034 | 749,107 | 561,193 | 1,373,518 |
| Debtors | 16,948,995 | 4,271,509 | 1,690,746 | 1,491,847 | -135,452 | 952,557 | 1,457,923 | -234,209 | 257,816 | -252,084 | 345,114 | 853,497 | 767,208 | 1,205,559 |
| Creditors | 4,340,818 | 6,131,050 | 2,049,212 | -952,954 | -1,125,329 | 2,121,347 | 2,362,095 | 9,797 | -162,579 | 769 | 289,334 | -520,624 | 790,967 | 1,250,115 |
| Accruals and Deferred Income | 2,261,973 | 2,473,049 | -69,059 | -559,257 | 25,725 | 353,053 | 219,330 | -132,494 | 152,108 | -320,693 | -93,594 | 131,177 | 132,563 | 230,955 |
| Deferred Taxes & Provisions | 90,016 | 0 | -78,592 | 13,038 | 8,201 | 23,695 | -5,647 | 39,305 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,929,726 | -4,997,159 | 1,212,747 | -1,966,029 | 2,702,763 | -3,614,714 | -69,788 | 30,717 | 239,423 | -382,395 | 1,535,256 | -1,093,725 | 369,538 | -703,281 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -248,775 | -85,345 | -391,755 | 492,400 | 1,756 | -15,680 | -36,953 | -3,437 | -11,467 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500,050 | 0 | 500,050 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -248,775 | -85,345 | -391,755 | 992,450 | 1,756 | -515,730 | -36,953 | -3,437 | -11,467 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,005,997 | -172,920 | -679,042 | 1,436,968 | -14,127 | 435,118 |
| Group/Directors Accounts | 2,369 | 92 | 0 | -2,606 | 1,603 | -413 | 1,010 | 406 | 0 | -5,684 | 5,684 | -5,846 | -102,021 | 107,867 |
| Other Short Term Loans | 7,662,259 | 4,851,193 | -1,428,896 | 1,233,176 | -335,006 | 3,432,157 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,000 | -10,000 | -1,667 | 46,667 | 0 | -45,153 | 22,236 | 22,917 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -28,056 | 27,080 | -53,432 | -47,492 | 124,493 | 23,590 | 0 | 0 | -25,744 | -16,909 | -24,470 | 67,123 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,043,638 | -185,846 | -136,073 | -147,442 | -115,137 | -66,066 | -528 | 38,072 | 45,721 | 30,383 | 2,562 | -18,610 | -7,661 | -7,146 |
| cash flow from financing | 6,547,931 | 4,682,515 | -1,620,067 | 1,082,304 | -324,047 | 3,344,115 | 22,717 | 61,395 | -986,020 | -165,130 | -695,264 | 1,479,635 | -123,809 | 1,558,974 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,948,899 | 927,390 | 521,350 | 187,840 | 507,890 | -182,613 | 290,239 | -486,372 | 344,222 | -312,826 | 286,946 | -21,627 | -7,708 | 455,105 |
| overdraft | 5,885,992 | 2,107,279 | 1,641,679 | 1,685,427 | -824,853 | 996,910 | 722,655 | 53,567 | 1,035,870 | 320,830 | 382,684 | 0 | 0 | 0 |
| change in cash | -3,937,093 | -1,179,889 | -1,120,329 | -1,497,587 | 1,332,743 | -1,179,523 | -432,416 | -539,939 | -691,648 | -633,656 | -95,738 | -21,627 | -7,708 | 455,105 |
s.j.m. alloys & metals limited Credit Report and Business Information
S.j.m. Alloys & Metals Limited Competitor Analysis
Perform a competitor analysis for s.j.m. alloys & metals limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in CM2 area or any other competitors across 12 key performance metrics.
s.j.m. alloys & metals limited Ownership
S.J.M. ALLOYS & METALS LIMITED group structure
S.J.M. Alloys & Metals Limited has no subsidiary companies.
Ultimate parent company
S.J.M. ALLOYS & METALS LIMITED
02812324
s.j.m. alloys & metals limited directors
S.J.M. Alloys & Metals Limited currently has 3 directors. The longest serving directors include Mr Stephen Midgley (Apr 1993) and Mr Reece Atkinson (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Midgley | United Kingdom | 61 years | Apr 1993 | - | Director |
| Mr Reece Atkinson | England | 33 years | Apr 2019 | - | Director |
| Mr Oliver Midgley | England | 32 years | Jul 2020 | - | Director |
P&L
April 2023turnover
132.8m
+72%
operating profit
7.7m
+30%
gross margin
12.3%
-15.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
15.9m
+0.44%
total assets
66.8m
+0.6%
cash
4.5m
+0.78%
net assets
Total assets minus all liabilities
s.j.m. alloys & metals limited company details
company number
02812324
Type
Private limited with Share Capital
industry
46720 - Wholesale of metals and metal ores
incorporation date
April 1993
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
B G PARTNERSHIP
address
204 moulsham street, chelmsford, CM2 0LG
Bank
HSBC BANK PLC
Legal Advisor
-
s.j.m. alloys & metals 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 s.j.m. alloys & metals limited. Currently there are 5 open charges and 0 have been satisfied in the past.
s.j.m. alloys & metals limited Capital Raised & Share Issues BETA
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s.j.m. alloys & metals limited Companies House Filings - See Documents
| date | description | view/download |
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