e. & j. w. glendinning (holdings) limited

4

e. & j. w. glendinning (holdings) limited Company Information

Share E. & J. W. GLENDINNING (HOLDINGS) LIMITED
Live 
MatureLargeHealthy

Company Number

03048399

Registered Address

glentor, ashburton, newton abbot, devon, TQ13 7LF

Industry

Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate

 

Telephone

01364652601

Next Accounts Due

January 2025

Group Structure

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Directors

Barry Glendinning29 Years

Clifford Glendinning29 Years

View All

Shareholders

ian forster glendinning 45.2%

ann somerscales 32.5%

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e. & j. w. glendinning (holdings) limited Estimated Valuation

£29.4m

Pomanda estimates the enterprise value of E. & J. W. GLENDINNING (HOLDINGS) LIMITED at £29.4m based on a Turnover of £30.7m and 0.96x industry multiple (adjusted for size and gross margin).

e. & j. w. glendinning (holdings) limited Estimated Valuation

£29m

Pomanda estimates the enterprise value of E. & J. W. GLENDINNING (HOLDINGS) LIMITED at £29m based on an EBITDA of £4.7m and a 6.19x industry multiple (adjusted for size and gross margin).

e. & j. w. glendinning (holdings) limited Estimated Valuation

£111.7m

Pomanda estimates the enterprise value of E. & J. W. GLENDINNING (HOLDINGS) LIMITED at £111.7m based on Net Assets of £50.1m and 2.23x industry multiple (adjusted for liquidity).

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E. & J. W. Glendinning (holdings) Limited Overview

E. & J. W. Glendinning (holdings) Limited is a live company located in newton abbot, TQ13 7LF with a Companies House number of 03048399. It operates in the quarrying of ornamental and building stone, limestone, gypsum, chalk and slate sector, SIC Code 08110. Founded in April 1995, it's largest shareholder is ian forster glendinning with a 45.2% stake. E. & J. W. Glendinning (holdings) Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.7m with healthy growth in recent years.

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E. & J. W. Glendinning (holdings) Limited Health Check

Pomanda's financial health check has awarded E. & J. W. Glendinning (Holdings) Limited 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 £30.7m, make it in line with the average company (£26.6m)

£30.7m - E. & J. W. Glendinning (holdings) Limited

£26.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.2%)

5% - E. & J. W. Glendinning (holdings) Limited

8.2% - Industry AVG

production

Production

with a gross margin of 22%, this company has a higher cost of product (29.4%)

22% - E. & J. W. Glendinning (holdings) Limited

29.4% - Industry AVG

profitability

Profitability

an operating margin of 8.9% make it as profitable than the average company (8.8%)

8.9% - E. & J. W. Glendinning (holdings) Limited

8.8% - Industry AVG

employees

Employees

with 202 employees, this is above the industry average (101)

202 - E. & J. W. Glendinning (holdings) Limited

101 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.9k, the company has an equivalent pay structure (£44.8k)

£47.9k - E. & J. W. Glendinning (holdings) Limited

£44.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £151.9k, this is less efficient (£241.3k)

£151.9k - E. & J. W. Glendinning (holdings) Limited

£241.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is near the average (60 days)

57 days - E. & J. W. Glendinning (holdings) Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is quicker than average (47 days)

31 days - E. & J. W. Glendinning (holdings) Limited

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 40 days, this is more than average (32 days)

40 days - E. & J. W. Glendinning (holdings) Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 76 weeks, this is more cash available to meet short term requirements (22 weeks)

76 weeks - E. & J. W. Glendinning (holdings) Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 26.5%, this is a lower level of debt than the average (34.9%)

26.5% - E. & J. W. Glendinning (holdings) Limited

34.9% - Industry AVG

E. & J. W. GLENDINNING (HOLDINGS) LIMITED financials

EXPORTms excel logo

E. & J. W. Glendinning (Holdings) Limited's latest turnover from April 2023 is £30.7 million and the company has net assets of £50.1 million. According to their latest financial statements, E. & J. W. Glendinning (Holdings) Limited has 202 employees and maintains cash reserves of £20.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover30,686,93130,028,95428,019,46926,884,65132,367,42930,867,88130,063,14733,297,54434,067,21328,213,74725,525,45425,779,75722,399,89618,426,547
Other Income Or Grants00000000000000
Cost Of Sales23,929,68321,787,39720,602,72421,771,92824,832,39623,509,39421,941,18123,623,07526,310,94523,276,65521,068,03121,928,95918,555,79415,949,942
Gross Profit6,757,2488,241,5577,416,7455,112,7237,535,0337,358,4878,121,9669,674,4697,756,2684,937,0924,457,4233,850,7983,844,1022,476,605
Admin Expenses4,024,4593,957,5052,171,1702,347,9293,269,9553,318,9092,632,4433,054,5933,131,6105,556,5873,230,7193,127,9532,997,1232,514,816
Operating Profit2,732,7894,284,0525,245,5752,764,7944,265,0784,039,5785,489,5236,619,8764,624,658-619,4951,226,704722,845846,979-38,211
Interest Payable567,815472,343432,113417,816343,800318,014300,952284,463271,018254,918232,677265,067250,703162,707
Interest Receivable188,7878,51721,16490,93261,49249,07080,75930,64658,02258,71783,635114,25398,028179,232
Pre-Tax Profit2,594,7324,141,3885,085,9562,661,5523,892,5003,486,0285,269,3306,366,0594,411,662-815,6961,077,662572,031694,304-21,686
Tax-525,916-1,463,602-949,774-685,908-756,182-673,663-950,036-1,182,892-959,215-388,845-513,357-22,873-254,087112,612
Profit After Tax2,068,8162,677,7864,136,1821,975,6443,136,3182,812,3654,319,2945,183,1673,452,447-1,204,541564,305549,158440,21790,926
Dividends Paid600,000800,000440,000400,000520,000520,000520,000600,000320,000120,000120,000120,000120,00080,000
Retained Profit1,468,8161,877,7863,696,1821,575,6442,616,3182,292,3653,799,2944,583,1673,132,447-1,324,541444,305429,158320,21710,926
Employee Costs9,685,4969,217,2998,765,4768,860,4149,216,8408,886,3718,469,1828,486,5638,360,3767,697,7017,439,7997,494,4807,328,8796,716,777
Number Of Employees202199206228231225227224240234239239225227
EBITDA*4,688,5716,217,7707,055,3624,785,7086,301,4185,943,2657,499,7348,750,3926,374,9231,465,1733,072,8032,473,9362,630,3231,267,355

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets23,095,61020,482,95117,410,43118,056,32018,670,63117,412,56318,460,35918,666,00118,480,92417,412,85019,216,97319,850,56618,390,49916,103,260
Intangible Assets0000000000584,035918,4221,252,8091,670,857
Investments & Other6,685,5386,444,5675,720,0005,200,0005,200,0005,200,0001,513,5981,457,2941,513,6481,513,5981,513,5981,513,5981,513,5981,513,598
Debtors (Due After 1 year)00000000000000
Total Fixed Assets29,781,14826,927,51823,130,43123,256,32023,870,63122,612,56319,973,95720,123,29519,994,57218,926,44821,314,60622,282,58621,156,90619,287,715
Stock & work in progress2,668,5961,915,1581,358,9351,929,2011,854,1912,055,4901,588,7491,744,4141,586,6751,326,2271,406,2741,390,3991,205,1131,191,325
Trade Debtors4,824,8265,395,1564,612,3852,383,8465,155,5174,863,1675,787,0745,019,7046,464,0985,713,8175,588,1944,392,2614,656,5043,892,557
Group Debtors2,300,0002,600,0003,000,0003,300,0003,800,0003,600,0003,500,000900,000000000
Misc Debtors1,226,7161,060,119729,1881,136,004744,664593,766803,668628,283589,007660,548509,187582,609946,903851,011
Cash20,287,46224,436,60725,298,62521,557,88415,619,41011,300,8177,311,0978,813,4448,245,0226,782,9584,175,3452,589,8222,856,7662,217,189
misc current assets7,007,1033,030,8673,021,8021,010,15506,056,1156,073,0335,030,3513,004,5531,618,5721,590,7522,619,7444,436,4922,996,526
total current assets38,314,70338,437,90738,020,93531,317,09031,202,14028,469,35525,063,62122,136,19619,889,35516,102,12213,269,75211,574,83514,101,77811,148,608
total assets68,095,85165,365,42561,151,36654,573,41055,072,77151,081,91845,037,57842,259,49139,883,92735,028,57034,584,35833,857,42135,258,68430,436,323
Bank overdraft00000000000628,805695,173460,585
Bank loan00000000000000
Trade Creditors 2,079,2482,341,9611,697,701707,7612,525,7792,682,3522,519,6613,171,5744,528,6143,291,8633,022,3872,375,8493,330,3261,780,943
Group/Directors Accounts6,999,6285,704,9045,907,9595,353,4554,476,00905,109,4554,824,1494,341,1333,977,5313,096,2543,058,0983,031,7032,377,506
other short term finances3,050,0003,050,0002,050,0002,050,0002,050,000000000000
hp & lease commitments0000000149,585575,8621,050,288342,859616,310706,028345,189
other current liabilities1,647,0011,908,0212,580,5051,213,6032,455,9517,614,4331,996,0872,607,8303,405,7732,315,8082,092,7201,484,2911,594,2621,516,157
total current liabilities13,775,87713,004,88612,236,1659,324,81911,507,73910,296,7859,625,20310,753,13812,851,38210,635,4908,554,2208,163,3539,357,4926,480,380
loans00000000000000
hp & lease commitments0000000013,454634,364900,0011,268,1281,922,624489,071
Accruals and Deferred Income00000000000000
other liabilities0041,094292,424516,066425,796141,1900000000
provisions4,263,0813,772,4622,163,8161,942,0581,610,5011,537,1921,215,0221,258,8511,236,8981,108,9701,155,850895,958877,744686,265
total long term liabilities4,263,0813,772,4622,204,9102,234,4822,126,5671,962,9881,356,2121,258,8511,250,3521,743,3342,055,8512,164,0862,800,3681,175,336
total liabilities18,038,95816,777,34814,441,07511,559,30113,634,30612,259,77310,981,41512,011,98914,101,73412,378,82410,610,07110,327,43912,157,8607,655,716
net assets50,056,89348,588,07746,710,29143,014,10941,438,46538,822,14534,056,16330,247,50225,782,19322,649,74623,974,28723,529,98223,100,82422,780,607
total shareholders funds50,056,89348,588,07746,710,29143,014,10941,438,46538,822,14534,056,16330,247,50225,782,19322,649,74623,974,28723,529,98223,100,82422,780,607
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit2,732,7894,284,0525,245,5752,764,7944,265,0784,039,5785,489,5236,619,8764,624,658-619,4951,226,704722,845846,979-38,211
Depreciation1,955,7821,933,7181,809,7872,020,9142,036,3401,903,6872,010,2112,130,5161,750,2651,750,2811,511,7121,416,7041,455,5901,101,039
Amortisation000000000334,387334,387334,387327,754204,527
Tax-525,916-1,463,602-949,774-685,908-756,182-673,663-950,036-1,182,892-959,215-388,845-513,357-22,873-254,087112,612
Stock753,438556,223-570,26675,010-201,299466,741-155,665157,739260,448-80,04715,875185,28613,7881,191,325
Debtors-703,733713,7021,521,723-2,880,331643,248-1,033,8093,542,755-505,118678,740276,9841,122,511-628,537859,8394,743,568
Creditors-262,713644,260989,940-1,818,018-156,573162,691-651,913-1,357,0401,236,751269,476646,538-954,4771,549,3831,780,943
Accruals and Deferred Income-261,020-672,4841,366,902-1,242,348-5,158,4825,618,346-611,743-797,9431,089,965223,088608,429-109,97178,1051,516,157
Deferred Taxes & Provisions490,6191,608,646221,758331,55773,309322,170-43,82921,953127,928-46,880259,89218,214191,479686,265
Cash flow from operations4,079,8365,064,6657,732,7314,176,312-138,45911,939,8771,855,1235,781,8496,931,1641,325,0752,935,9191,848,0803,321,576-571,561
Investing Activities
capital expenditure000009,940-2,621,868-4,367,012-4,175,523-2,289,131-871,321-2,872,569-1,343,971-4,070,680
Change in Investments240,971724,567520,000003,686,40256,304-56,3545000001,513,598
cash flow from investments-240,971-724,567-520,00000-3,676,462-2,678,172-4,310,658-4,175,573-2,289,131-871,321-2,872,569-1,343,971-5,584,278
Financing Activities
Bank loans00000000000000
Group/Directors Accounts1,294,724-203,055554,504877,4464,476,009-5,109,455285,306483,016363,602881,27738,15626,395654,1972,377,506
Other Short Term Loans 01,000,000002,050,000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments000000-149,585-439,731-1,095,336441,792-641,578-744,2141,794,392834,260
other long term liabilities0-41,094-251,330-223,64290,270284,606141,1900000000
share issue000022,473,6179,367-117,8580000022,769,681
interest-379,028-463,826-410,949-326,884-282,308-268,944-220,193-253,817-212,996-196,201-149,042-150,814-152,67516,525
cash flow from financing915,696292,025-107,775326,9206,333,973-2,620,17666,085-328,390-944,7301,126,868-752,464-868,6332,295,91425,997,972
cash and cash equivalents
cash-4,149,145-862,0183,740,7415,938,4744,318,5933,989,720-1,502,347568,4221,462,0642,607,6131,585,523-266,944639,5772,217,189
overdraft0000000000-628,805-66,368234,588460,585
change in cash-4,149,145-862,0183,740,7415,938,4744,318,5933,989,720-1,502,347568,4221,462,0642,607,6132,214,328-200,576404,9891,756,604

e. & j. w. glendinning (holdings) limited 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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E. & J. W. Glendinning (holdings) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for e. & j. w. glendinning (holdings) limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in TQ13 area or any other competitors across 12 key performance metrics.

e. & j. w. glendinning (holdings) limited Ownership

E. & J. W. GLENDINNING (HOLDINGS) LIMITED group structure

E. & J. W. Glendinning (Holdings) Limited has 2 subsidiary companies.

Ultimate parent company

E. & J. W. GLENDINNING (HOLDINGS) LIMITED

03048399

2 subsidiaries

E. & J. W. GLENDINNING (HOLDINGS) LIMITED Shareholders

ian forster glendinning 45.24%
ann somerscales 32.54%
clifford john glendinning 13.49%
barry glendinning 8.73%

e. & j. w. glendinning (holdings) limited directors

E. & J. W. Glendinning (Holdings) Limited currently has 6 directors. The longest serving directors include Mr Barry Glendinning (May 1995) and Mr Clifford Glendinning (May 1995).

officercountryagestartendrole
Mr Barry Glendinning61 years May 1995- Director
Mr Clifford Glendinning65 years May 1995- Director
Mr Ian Glendinning77 years May 1995- Director
Mrs Ann Somerscales82 years May 1995- Director
Mr Barry Wilson58 years Jan 2016- Director
Mr William BeattieUnited Kingdom68 years Jan 2016- Director

P&L

April 2023

turnover

30.7m

+2%

operating profit

2.7m

-36%

gross margin

22.1%

-19.77%

turnover

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

Balance Sheet

April 2023

net assets

50.1m

+0.03%

total assets

68.1m

+0.04%

cash

20.3m

-0.17%

net assets

Total assets minus all liabilities

e. & j. w. glendinning (holdings) limited company details

company number

03048399

Type

Private limited with Share Capital

industry

08110 - Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate

incorporation date

April 1995

age

29

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

April 2023

previous names

N/A

accountant

-

auditor

PKFG FRANNCIS CLARK

address

glentor, ashburton, newton abbot, devon, TQ13 7LF

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

MICHELMORES LLP

e. & j. w. glendinning (holdings) 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 2 charges/mortgages relating to e. & j. w. glendinning (holdings) limited. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

e. & j. w. glendinning (holdings) limited Companies House Filings - See Documents

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