m.j. gowling limited

m.j. gowling limited Company Information

Share M.J. GOWLING LIMITED
Live 
MatureMidHigh

Company Number

03338815

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

 

Wholesale of furniture, carpets and lighting equipment

 

Shareholders

sally-ann gowling

m.j. gowling

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Group Structure

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Contact

Registered Address

unit 8 monarch court yard, brackmills industrial estate, northampton, NN4 7BD

m.j. gowling limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of M.J. GOWLING LIMITED at £2.1m based on a Turnover of £6.4m and 0.33x industry multiple (adjusted for size and gross margin).

m.j. gowling limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of M.J. GOWLING LIMITED at £1.6m based on an EBITDA of £453.9k and a 3.45x industry multiple (adjusted for size and gross margin).

m.j. gowling limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of M.J. GOWLING LIMITED at £7.4m based on Net Assets of £3.3m and 2.25x industry multiple (adjusted for liquidity).

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M.j. Gowling Limited Overview

M.j. Gowling Limited is a live company located in northampton, NN4 7BD with a Companies House number of 03338815. It operates in the wholesale of furniture, carpets and lighting equipment sector, SIC Code 46470. Founded in March 1997, it's largest shareholder is sally-ann gowling with a 40% stake. M.j. Gowling Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.4m with high growth in recent years.

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M.j. Gowling Limited Health Check

Pomanda's financial health check has awarded M.J. Gowling Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £6.4m, make it smaller than the average company (£8.7m)

£6.4m - M.j. Gowling Limited

£8.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.7%)

24% - M.j. Gowling Limited

5.7% - Industry AVG

production

Production

with a gross margin of 26.5%, this company has a higher cost of product (35.8%)

26.5% - M.j. Gowling Limited

35.8% - Industry AVG

profitability

Profitability

an operating margin of 4.8% make it more profitable than the average company (2.8%)

4.8% - M.j. Gowling Limited

2.8% - Industry AVG

employees

Employees

with 42 employees, this is similar to the industry average (41)

42 - M.j. Gowling Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)

£34.9k - M.j. Gowling Limited

£34.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £152.3k, this is less efficient (£247.3k)

£152.3k - M.j. Gowling Limited

£247.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 76 days, this is later than average (36 days)

76 days - M.j. Gowling Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 146 days, this is slower than average (40 days)

146 days - M.j. Gowling Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 188 days, this is more than average (82 days)

188 days - M.j. Gowling Limited

82 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (14 weeks)

10 weeks - M.j. Gowling Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39.1%, this is a lower level of debt than the average (57.6%)

39.1% - M.j. Gowling Limited

57.6% - Industry AVG

M.J. GOWLING LIMITED financials

EXPORTms excel logo

M.J. Gowling Limited's latest turnover from March 2024 is estimated at £6.4 million and the company has net assets of £3.3 million. According to their latest financial statements, M.J. Gowling Limited has 42 employees and maintains cash reserves of £394.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover6,396,5025,360,9454,591,0333,328,2903,086,8012,915,9832,630,3582,801,1472,469,2302,311,8012,802,0092,701,1183,377,7322,954,6243,026,693
Other Income Or Grants000000000000000
Cost Of Sales4,699,1413,843,2993,407,1422,431,3632,218,7552,145,1201,958,2902,079,6391,837,1191,724,6042,084,3491,987,8492,500,8862,143,1212,245,884
Gross Profit1,697,3611,517,6471,183,891896,927868,046770,863672,068721,508632,112587,197717,660713,268876,845811,504780,809
Admin Expenses1,391,855747,727500,554311,959786,593632,080584,397709,589468,112527,034512,398646,300854,576755,845-295,249
Operating Profit305,506769,920683,337584,96881,453138,78387,67111,919164,00060,163205,26266,96822,26955,6591,076,058
Interest Payable000000016,30335,68635,69235,07218,111000
Interest Receivable20,50611,2592,8933981437474725131,054772679384229536487
Pre-Tax Profit326,012781,179686,230585,36581,596139,53088,143-3,870129,36925,243170,86949,24122,49956,1941,076,544
Tax-81,503-148,424-130,384-111,219-15,503-26,511-16,7470-25,874-5,301-39,300-11,818-5,850-15,734-301,432
Profit After Tax244,509632,755555,846474,14666,093113,01971,396-3,870103,49519,942131,56937,42316,64940,460775,112
Dividends Paid000000000000000
Retained Profit244,509632,755555,846474,14666,093113,01971,396-3,870103,49519,942131,56937,42316,64940,460775,112
Employee Costs1,467,6431,209,5961,112,359966,633932,815856,112298,610322,454262,980241,990335,202284,655397,340333,855339,215
Number Of Employees42373734313011121091211161414
EBITDA*453,878903,691802,227673,242149,757208,079161,26692,836231,828125,630268,834116,69559,29795,0601,114,455

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,210,9981,122,4081,081,773977,473896,201888,652937,395951,743954,306936,156698,715699,368136,339133,913118,350
Intangible Assets4,54100000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets1,215,5391,122,4081,081,773977,473896,201888,652937,395951,743954,306936,156698,715699,368136,339133,913118,350
Stock & work in progress2,423,5202,121,1312,130,0261,024,238762,370772,405649,375712,068806,952828,447727,724667,371641,269558,063503,990
Trade Debtors1,345,1801,188,5951,096,784773,613548,605543,727624,309533,730427,880431,409580,044595,209732,226688,653603,723
Group Debtors000000000000000
Misc Debtors000000000000000
Cash394,566386,611143,225628,185167,527118,10381,106107,793302,763118,844189,95781,53872,13619,538194,719
misc current assets000000000000000
total current assets4,163,2663,696,3373,370,0352,426,0361,478,5021,434,2351,354,7901,353,5911,537,5951,378,7001,497,7251,344,1181,445,6311,266,2541,302,432
total assets5,378,8054,818,7454,451,8083,403,5092,374,7032,322,8872,292,1852,305,3342,491,9012,314,8562,196,4402,043,4861,581,9701,400,1671,420,782
Bank overdraft00000000000236,316000
Bank loan00000000226,597229,977225,4380000
Trade Creditors 1,889,3781,398,6311,614,0531,107,174650,907637,059662,704750,458641,238522,585478,228439,716656,906467,412507,769
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities1,889,3781,398,6311,614,0531,107,174650,907637,059662,704750,458867,835752,562703,666676,032656,906467,412507,769
loans00000000295,086346,362296,436320,957000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities96,504290,990377,193410,326323,891355,899398,446395,949168,202166,137168,228155,31671,34296,846122,804
provisions114,27994,98959,18240,47528,51724,63438,75938,04736,02828,54026,79721,43721,40120,23714,997
total long term liabilities210,783385,979436,375450,801352,408380,533437,205433,996499,316541,039491,461497,71092,743117,083137,801
total liabilities2,100,1611,784,6102,050,4281,557,9751,003,3151,017,5921,099,9091,184,4541,367,1511,293,6011,195,1271,173,742749,649584,495645,570
net assets3,278,6443,034,1352,401,3801,845,5341,371,3881,305,2951,192,2761,120,8801,124,7501,021,2551,001,313869,744832,321815,672775,212
total shareholders funds3,278,6443,034,1352,401,3801,845,5341,371,3881,305,2951,192,2761,120,8801,124,7501,021,2551,001,313869,744832,321815,672775,212
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit305,506769,920683,337584,96881,453138,78387,67111,919164,00060,163205,26266,96822,26955,6591,076,058
Depreciation148,372133,771118,89088,27468,30469,29673,59580,91767,82865,46763,57249,72737,02839,40130,378
Amortisation000000000000008,019
Tax-81,503-148,424-130,384-111,219-15,503-26,511-16,7470-25,874-5,301-39,300-11,818-5,850-15,734-301,432
Stock302,389-8,8951,105,788261,868-10,035123,030-62,693-94,884-21,495100,72360,35326,10283,20654,073503,990
Debtors156,58591,811323,171225,0084,878-80,58290,579105,850-3,529-148,635-15,165-137,01743,57384,930603,723
Creditors490,747-215,422506,879456,26713,848-25,645-87,754109,220118,65344,35738,512-217,190189,494-40,357507,769
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions19,29035,80718,70711,9583,883-14,1257122,0197,4881,7435,360361,1645,24014,997
Cash flow from operations423,438492,736-231,530543,372157,14299,35029,591193,109357,119214,341228,218-1,362117,326-94,794228,076
Investing Activities
capital expenditure-241,503-174,406-223,190-169,546-75,853-20,553-59,247-78,354-85,978-302,908-62,919-612,756-39,454-54,964-156,747
Change in Investments000000000000000
cash flow from investments-241,503-174,406-223,190-169,546-75,853-20,553-59,247-78,354-85,978-302,908-62,919-612,756-39,454-54,964-156,747
Financing Activities
Bank loans0000000-226,597-3,3804,539225,4380000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans0000000-295,086-51,27649,926-24,521320,957000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-194,486-86,203-33,13386,435-32,008-42,5472,497227,7472,065-2,09112,91283,974-25,504-25,958122,804
share issue00000000000000100
interest20,50611,2592,893398143747472-15,790-34,632-34,920-34,393-17,727229536487
cash flow from financing-173,980-74,944-30,24086,833-31,865-41,8002,969-309,726-87,22317,454179,436387,204-25,275-25,422123,391
cash and cash equivalents
cash7,955243,386-484,960460,65849,42436,997-26,687-194,970183,919-71,113108,4199,40252,598-175,181194,719
overdraft0000000000-236,316236,316000
change in cash7,955243,386-484,960460,65849,42436,997-26,687-194,970183,919-71,113344,735-226,91452,598-175,181194,719

m.j. gowling 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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M.j. Gowling Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for m.j. gowling limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in NN4 area or any other competitors across 12 key performance metrics.

m.j. gowling limited Ownership

M.J. GOWLING LIMITED group structure

M.J. Gowling Limited has no subsidiary companies.

Ultimate parent company

M.J. GOWLING LIMITED

03338815

M.J. GOWLING LIMITED Shareholders

sally-ann gowling 40%
m.j. gowling 40%
kirsty gowling 10%
david gowling 10%

m.j. gowling limited directors

M.J. Gowling Limited currently has 3 directors. The longest serving directors include Mr Martin Gowling (Mar 1997) and Sally-Ann Gowling (Mar 1997).

officercountryagestartendrole
Mr Martin GowlingEngland68 years Mar 1997- Director
Sally-Ann GowlingEngland66 years Mar 1997- Director
Mr David GowlingEngland45 years Aug 2008- Director

P&L

March 2024

turnover

6.4m

+19%

operating profit

305.5k

0%

gross margin

26.6%

-6.26%

turnover

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

Balance Sheet

March 2024

net assets

3.3m

+0.08%

total assets

5.4m

+0.12%

cash

394.6k

+0.02%

net assets

Total assets minus all liabilities

m.j. gowling limited company details

company number

03338815

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

46470 - Wholesale of furniture, carpets and lighting equipment

incorporation date

March 1997

age

27

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

N/A

accountant

A J LEWIS

auditor

-

address

unit 8 monarch court yard, brackmills industrial estate, northampton, NN4 7BD

Bank

-

Legal Advisor

-

m.j. gowling 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 7 charges/mortgages relating to m.j. gowling limited. Currently there are 2 open charges and 5 have been satisfied in the past.

charges

m.j. gowling limited Companies House Filings - See Documents

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