tilhill forestry limited
tilhill forestry limited Company Information
Company Number
03242286
Next Accounts
Sep 2025
Industry
Logging
Support services to forestry
Shareholders
bsw timber limited
Group Structure
View All
Contact
Registered Address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Website
www.tilhill.comtilhill forestry limited Estimated Valuation
Pomanda estimates the enterprise value of TILHILL FORESTRY LIMITED at £181.9m based on a Turnover of £220.4m and 0.83x industry multiple (adjusted for size and gross margin).
tilhill forestry limited Estimated Valuation
Pomanda estimates the enterprise value of TILHILL FORESTRY LIMITED at £24.3m based on an EBITDA of £4.2m and a 5.79x industry multiple (adjusted for size and gross margin).
tilhill forestry limited Estimated Valuation
Pomanda estimates the enterprise value of TILHILL FORESTRY LIMITED at £13.5m based on Net Assets of £10.6m and 1.27x industry multiple (adjusted for liquidity).
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Tilhill Forestry Limited Overview
Tilhill Forestry Limited is a live company located in cheshire, WA14 2DT with a Companies House number of 03242286. It operates in the silviculture and other forestry activities sector, SIC Code 02100. Founded in August 1996, it's largest shareholder is bsw timber limited with a 100% stake. Tilhill Forestry Limited is a mature, mega sized company, Pomanda has estimated its turnover at £220.4m with declining growth in recent years.
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Tilhill Forestry Limited Health Check
Pomanda's financial health check has awarded Tilhill Forestry Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £220.4m, make it larger than the average company (£3.7m)
£220.4m - Tilhill Forestry Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (8.8%)
-9% - Tilhill Forestry Limited
8.8% - Industry AVG
Production
with a gross margin of 4.8%, this company has a higher cost of product (26.4%)
4.8% - Tilhill Forestry Limited
26.4% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (6.4%)
1.9% - Tilhill Forestry Limited
6.4% - Industry AVG
Employees
with 238 employees, this is above the industry average (14)
238 - Tilhill Forestry Limited
14 - Industry AVG
Pay Structure
on an average salary of £49.7k, the company has a higher pay structure (£39.3k)
£49.7k - Tilhill Forestry Limited
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £925.8k, this is more efficient (£174.6k)
£925.8k - Tilhill Forestry Limited
£174.6k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (44 days)
25 days - Tilhill Forestry Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (34 days)
55 days - Tilhill Forestry Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (39 days)
1 days - Tilhill Forestry Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is less cash available to meet short term requirements (41 weeks)
16 weeks - Tilhill Forestry Limited
41 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.5%, this is a higher level of debt than the average (36.9%)
80.5% - Tilhill Forestry Limited
36.9% - Industry AVG
TILHILL FORESTRY LIMITED financials
Tilhill Forestry Limited's latest turnover from December 2023 is £220.4 million and the company has net assets of £10.6 million. According to their latest financial statements, Tilhill Forestry Limited has 238 employees and maintains cash reserves of £13.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 220,351,000 | 237,468,000 | 306,366,000 | 296,236,000 | 227,561,000 | 130,366,000 | 121,159,000 | 147,423,000 | 125,326,000 | 113,752,000 | 123,916,000 | 140,411,000 | 122,184,000 | 110,726,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 209,786,000 | 225,973,000 | 294,312,000 | 287,496,000 | 220,308,000 | 125,375,000 | 115,456,000 | 141,499,000 | 119,067,000 | 108,406,000 | 116,800,000 | 133,474,000 | 114,608,000 | 103,490,000 |
| Gross Profit | 10,565,000 | 11,495,000 | 12,054,000 | 8,740,000 | 7,253,000 | 4,991,000 | 5,703,000 | 5,924,000 | 6,259,000 | 5,346,000 | 7,116,000 | 6,937,000 | 7,576,000 | 7,236,000 |
| Admin Expenses | 6,498,000 | 5,694,000 | 6,151,000 | 6,220,000 | 4,553,000 | 4,260,000 | 4,254,000 | 6,053,000 | 4,761,000 | 4,260,000 | 5,601,000 | 5,110,000 | 5,949,000 | 5,628,000 |
| Operating Profit | 4,067,000 | 5,801,000 | 5,903,000 | 2,520,000 | 2,700,000 | 731,000 | 1,449,000 | -129,000 | 1,498,000 | 1,086,000 | 1,515,000 | 1,827,000 | 1,627,000 | 1,608,000 |
| Interest Payable | 0 | 2,000 | 70,000 | 83,000 | 8,000 | 30,000 | 37,000 | 0 | 0 | 33,000 | 93,000 | 95,000 | 99,000 | 86,000 |
| Interest Receivable | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 137,000 | 111,000 | 0 | 0 | 0 | 0 | 4,000 |
| Pre-Tax Profit | 4,107,000 | 5,799,000 | 5,833,000 | 2,437,000 | 2,692,000 | 701,000 | 1,412,000 | 8,186,000 | 41,287,000 | 1,053,000 | -277,000 | 1,732,000 | 1,528,000 | 1,518,000 |
| Tax | -983,000 | -1,119,000 | -1,134,000 | -444,000 | -677,000 | -151,000 | -122,000 | 5,061,000 | -8,085,000 | 38,000 | -207,000 | -479,000 | -435,000 | -477,000 |
| Profit After Tax | 3,124,000 | 4,680,000 | 4,699,000 | 1,993,000 | 2,015,000 | 550,000 | 1,290,000 | 13,247,000 | 33,202,000 | 1,091,000 | -484,000 | 1,253,000 | 1,093,000 | 1,041,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 200,000 | 500,000 | 0 | 45,600,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,124,000 | 4,680,000 | 4,699,000 | 1,993,000 | 1,815,000 | 50,000 | 1,290,000 | -32,353,000 | 33,202,000 | 1,091,000 | -484,000 | 1,253,000 | 1,093,000 | 1,041,000 |
| Employee Costs | 11,825,000 | 11,422,000 | 12,002,000 | 14,261,000 | 9,789,000 | 8,337,000 | 8,442,000 | 10,808,000 | 8,820,000 | 8,749,000 | 11,414,000 | 14,327,000 | 14,854,000 | 15,343,000 |
| Number Of Employees | 238 | 234 | 206 | 203 | 208 | 187 | 189 | 190 | 192 | 192 | 279 | 452 | 473 | 494 |
| EBITDA* | 4,198,000 | 5,858,000 | 5,925,000 | 2,603,000 | 2,759,000 | 760,000 | 1,452,000 | -90,000 | 1,725,000 | 1,129,000 | 1,600,000 | 1,965,000 | 1,802,000 | 1,814,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 609,000 | 712,000 | 433,000 | 253,000 | 221,000 | 272,000 | 145,000 | 67,000 | 155,000 | 9,516,000 | 9,696,000 | 9,374,000 | 8,967,000 | 6,308,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 81,000 | 100,000 | 251,000 | 321,000 | 392,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 4,000 | 4,000 | 4,000 |
| Debtors (Due After 1 year) | 0 | 0 | 74,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 609,000 | 712,000 | 507,000 | 413,000 | 221,000 | 272,000 | 145,000 | 67,000 | 216,000 | 9,597,000 | 9,800,000 | 9,629,000 | 9,292,000 | 6,704,000 |
| Stock & work in progress | 902,000 | 885,000 | 1,922,000 | 972,000 | 2,996,000 | 3,055,000 | 3,034,000 | 3,049,000 | 3,842,000 | 5,522,000 | 4,604,000 | 4,309,000 | 4,472,000 | 4,356,000 |
| Trade Debtors | 15,593,000 | 13,143,000 | 15,144,000 | 12,234,000 | 19,211,000 | 14,668,000 | 15,048,000 | 13,078,000 | 18,618,000 | 16,679,000 | 12,677,000 | 19,077,000 | 14,568,000 | 12,617,000 |
| Group Debtors | 18,675,000 | 15,126,000 | 43,942,000 | 24,228,000 | 22,629,000 | 4,803,000 | 3,669,000 | 3,354,000 | 47,223,000 | 2,271,000 | 4,309,000 | 2,963,000 | 2,620,000 | 2,520,000 |
| Misc Debtors | 5,471,000 | 7,418,000 | 9,232,000 | 6,979,000 | 5,406,000 | 2,081,000 | 1,571,000 | 1,907,000 | 2,750,000 | 3,474,000 | 3,679,000 | 3,393,000 | 3,869,000 | 3,781,000 |
| Cash | 13,411,000 | 12,702,000 | 3,793,000 | 14,720,000 | 11,276,000 | 8,876,000 | 10,181,000 | 3,114,000 | 123,000 | 1,000 | 2,149,000 | 962,000 | 2,460,000 | 2,156,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 54,052,000 | 49,274,000 | 74,033,000 | 59,133,000 | 61,518,000 | 33,483,000 | 33,503,000 | 24,502,000 | 72,556,000 | 27,947,000 | 27,418,000 | 30,704,000 | 27,989,000 | 25,430,000 |
| total assets | 54,661,000 | 49,986,000 | 74,540,000 | 59,546,000 | 61,739,000 | 33,755,000 | 33,648,000 | 24,569,000 | 72,772,000 | 37,544,000 | 37,218,000 | 40,333,000 | 37,281,000 | 32,134,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 31,802,000 | 30,304,000 | 47,575,000 | 36,135,000 | 41,307,000 | 17,889,000 | 18,151,000 | 12,569,000 | 15,606,000 | 14,973,000 | 16,950,000 | 15,983,000 | 12,380,000 | 10,007,000 |
| Group/Directors Accounts | 1,970,000 | 1,860,000 | 7,036,000 | 1,439,000 | 147,000 | 410,000 | 442,000 | 16,000 | 2,352,000 | 6,765,000 | 5,278,000 | 6,686,000 | 8,211,000 | 3,442,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,852,000 | 5,579,000 | 4,537,000 | 7,334,000 | 8,084,000 | 5,539,000 | 5,229,000 | 3,521,000 | 8,790,000 | 2,575,000 | 2,807,000 | 4,866,000 | 4,278,000 | 5,340,000 |
| total current liabilities | 41,624,000 | 37,743,000 | 59,148,000 | 44,908,000 | 49,538,000 | 23,838,000 | 23,822,000 | 16,106,000 | 26,748,000 | 24,313,000 | 25,035,000 | 27,535,000 | 24,869,000 | 18,789,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 2,399,000 | 2,229,000 | 2,101,000 | 2,046,000 | 1,602,000 | 1,133,000 | 1,180,000 | 1,107,000 | 1,010,000 | 1,049,000 | 878,000 | 845,000 | 877,000 | 2,949,000 |
| total long term liabilities | 2,399,000 | 2,229,000 | 2,101,000 | 2,046,000 | 1,602,000 | 1,133,000 | 1,180,000 | 1,107,000 | 6,300,000 | 4,304,000 | 4,023,000 | 3,512,000 | 2,656,000 | 4,754,000 |
| total liabilities | 44,023,000 | 39,972,000 | 61,249,000 | 46,954,000 | 51,140,000 | 24,971,000 | 25,002,000 | 17,213,000 | 33,048,000 | 28,617,000 | 29,058,000 | 31,047,000 | 27,525,000 | 23,543,000 |
| net assets | 10,638,000 | 10,014,000 | 13,291,000 | 12,592,000 | 10,599,000 | 8,784,000 | 8,646,000 | 7,356,000 | 39,724,000 | 8,927,000 | 8,160,000 | 9,286,000 | 9,756,000 | 8,591,000 |
| total shareholders funds | 10,638,000 | 10,014,000 | 13,291,000 | 12,592,000 | 10,599,000 | 8,784,000 | 8,646,000 | 7,356,000 | 39,724,000 | 8,927,000 | 8,160,000 | 9,286,000 | 9,756,000 | 8,591,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,067,000 | 5,801,000 | 5,903,000 | 2,520,000 | 2,700,000 | 731,000 | 1,449,000 | -129,000 | 1,498,000 | 1,086,000 | 1,515,000 | 1,827,000 | 1,627,000 | 1,608,000 |
| Depreciation | 131,000 | 57,000 | 22,000 | 83,000 | 59,000 | 29,000 | 3,000 | 14,000 | 18,000 | 24,000 | 48,000 | 68,000 | 104,000 | 140,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 209,000 | 19,000 | 37,000 | 70,000 | 71,000 | 66,000 |
| Tax | -983,000 | -1,119,000 | -1,134,000 | -444,000 | -677,000 | -151,000 | -122,000 | 5,061,000 | -8,085,000 | 38,000 | -207,000 | -479,000 | -435,000 | -477,000 |
| Stock | 17,000 | -1,037,000 | 950,000 | -2,024,000 | -59,000 | 21,000 | -15,000 | 3,049,000 | -1,680,000 | 918,000 | 295,000 | -163,000 | 116,000 | 4,356,000 |
| Debtors | 4,052,000 | -32,705,000 | 24,791,000 | -3,645,000 | 25,694,000 | 1,264,000 | 1,949,000 | 18,339,000 | 46,167,000 | 1,759,000 | -4,768,000 | 4,376,000 | 2,139,000 | 18,918,000 |
| Creditors | 1,498,000 | -17,271,000 | 11,440,000 | -5,172,000 | 23,418,000 | -262,000 | 5,582,000 | 12,569,000 | 633,000 | -1,977,000 | 967,000 | 3,603,000 | 2,373,000 | 10,007,000 |
| Accruals and Deferred Income | 2,273,000 | 1,042,000 | -2,797,000 | -750,000 | 2,545,000 | 310,000 | 1,708,000 | 3,521,000 | 6,215,000 | -232,000 | -2,059,000 | 588,000 | -1,062,000 | 5,340,000 |
| Deferred Taxes & Provisions | 170,000 | 128,000 | 55,000 | 444,000 | 469,000 | -47,000 | 73,000 | 1,107,000 | -39,000 | 171,000 | 33,000 | -32,000 | -2,072,000 | 2,949,000 |
| Cash flow from operations | 3,087,000 | 22,380,000 | -12,252,000 | 2,350,000 | 2,879,000 | -675,000 | 6,759,000 | 780,000 | -44,038,000 | -3,548,000 | 4,807,000 | 1,432,000 | -1,649,000 | -3,641,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,000 | 0 | 0 | 0 | 4,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 110,000 | -5,176,000 | 5,597,000 | 1,292,000 | -263,000 | -32,000 | 426,000 | 16,000 | -4,413,000 | 1,487,000 | -1,408,000 | -1,525,000 | 4,769,000 | 3,442,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 40,000 | -2,000 | -70,000 | -83,000 | -8,000 | -30,000 | -37,000 | 137,000 | 111,000 | -33,000 | -93,000 | -95,000 | -99,000 | -82,000 |
| cash flow from financing | -2,350,000 | -13,135,000 | 1,527,000 | 1,209,000 | -271,000 | 26,000 | 389,000 | 39,862,000 | -6,707,000 | 1,130,000 | -2,143,000 | -3,343,000 | 4,742,000 | 10,910,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 709,000 | 8,909,000 | -10,927,000 | 3,444,000 | 2,400,000 | -1,305,000 | 7,067,000 | 3,114,000 | 122,000 | -2,148,000 | 1,187,000 | -1,498,000 | 304,000 | 2,156,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 709,000 | 8,909,000 | -10,927,000 | 3,444,000 | 2,400,000 | -1,305,000 | 7,067,000 | 3,114,000 | 122,000 | -2,148,000 | 1,187,000 | -1,498,000 | 304,000 | 2,156,000 |
tilhill forestry limited Credit Report and Business Information
Tilhill Forestry Limited Competitor Analysis
Perform a competitor analysis for tilhill forestry limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mega companies, companies in WA14 area or any other competitors across 12 key performance metrics.
tilhill forestry limited Ownership
TILHILL FORESTRY LIMITED group structure
Tilhill Forestry Limited has no subsidiary companies.
Ultimate parent company
BINDERHOLZ UK HOLDING GMBH
#0162721
2 parents
TILHILL FORESTRY LIMITED
03242286
tilhill forestry limited directors
Tilhill Forestry Limited currently has 6 directors. The longest serving directors include Mr Harry Stevens (Oct 2015) and Mr Alan Milne (Apr 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Harry Stevens | United Kingdom | 56 years | Oct 2015 | - | Director |
| Mr Alan Milne | Scotland | 42 years | Apr 2018 | - | Director |
| Mr David Edwards | United Kingdom | 65 years | Mar 2021 | - | Director |
| Mr Stuart Pearson | United Kingdom | 56 years | Mar 2021 | - | Director |
| Mr Andrew Henry | United Kingdom | 57 years | Nov 2024 | - | Director |
| Mr Graeme Kemp | United Kingdom | 52 years | Nov 2024 | - | Director |
P&L
December 2023turnover
220.4m
-7%
operating profit
4.1m
-30%
gross margin
4.8%
-0.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
10.6m
+0.06%
total assets
54.7m
+0.09%
cash
13.4m
+0.06%
net assets
Total assets minus all liabilities
Similar Companies
tilhill forestry limited company details
company number
03242286
Type
Private limited with Share Capital
industry
02100 - Silviculture and other forestry activities
02200 - Logging
02400 - Support services to forestry
incorporation date
August 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
tilhill economic forestry limited (November 2000)
mavtrade limited (December 1996)
accountant
-
auditor
PRICWATERHOUSECOOPERS LLP
address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Bank
THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
tilhill forestry 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 8 charges/mortgages relating to tilhill forestry limited. Currently there are 0 open charges and 8 have been satisfied in the past.
tilhill forestry limited Capital Raised & Share Issues BETA
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tilhill forestry limited Companies House Filings - See Documents
| date | description | view/download |
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