Pomanda estimates the enterprise value of T I MIDWOOD & CO LIMITED at £48.9m based on a Turnover of £70.3m and 0.7x industry multiple (adjusted for size and gross margin).
t i midwood & co limitedEstimated Valuation
£73.1m
Pomanda estimates the enterprise value of T I MIDWOOD & CO LIMITED at £73.1m based on an EBITDA of £8.8m and a 8.35x industry multiple (adjusted for size and gross margin).
t i midwood & co limitedEstimated Valuation
£94.4m
Pomanda estimates the enterprise value of T I MIDWOOD & CO LIMITED at £94.4m based on Net Assets of £35.8m and 2.64x industry multiple (adjusted for liquidity).
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T I Midwood & Co LimitedOverview
T I Midwood & Co Limited is a live company located in chester, CH1 1QY with a Companies House number of 03360713. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in April 1997, it's largest shareholder is
bufab uk holdings ltd
with a 100% stake. T I Midwood & Co Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£70.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded T I Midwood & Co Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
3 Regular
2 Weak
Size
annual sales of £70.3m, make it larger than the average company (£16m)
£70.3m - T I Midwood & Co Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (6.2%)
12% - T I Midwood & Co Limited
6.2% - Industry AVG
Production
with a gross margin of 33.6%, this company has a lower cost of product (27.5%)
33.6% - T I Midwood & Co Limited
27.5% - Industry AVG
Profitability
an operating margin of 12% make it more profitable than the average company (5.1%)
12% - T I Midwood & Co Limited
5.1% - Industry AVG
Employees
with 195 employees, this is above the industry average (41)
195 - T I Midwood & Co Limited
41 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£44.4k)
£42.5k - T I Midwood & Co Limited
£44.4k - Industry AVG
Efficiency
resulting in sales per employee of £360.6k, this is equally as efficient (£376.3k)
£360.6k - T I Midwood & Co Limited
£376.3k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (51 days)
48 days - T I Midwood & Co Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (31 days)
25 days - T I Midwood & Co Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 194 days, this is more than average (77 days)
194 days - T I Midwood & Co Limited
77 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 47 weeks, this is more cash available to meet short term requirements (14 weeks)
47 weeks - T I Midwood & Co Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.4%, this is a lower level of debt than the average (47.5%)
15.4% - T I Midwood & Co Limited
47.5% - Industry AVG
T I MIDWOOD & CO LIMITED financials
EXPORT
T I Midwood & Co Limited's latest turnover from December 2023 is £70.3 million and the company has net assets of £35.8 million. According to their latest financial statements, T I Midwood & Co Limited has 195 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
70,308,269
69,597,018
60,650,148
49,706,879
43,783,697
40,587,262
35,113,649
29,791,639
25,210,402
20,713,471
16,008,676
13,544,151
12,413,314
10,057,999
7,819,838
Other Income Or Grants
Cost Of Sales
46,716,434
50,319,317
42,606,706
34,604,585
31,448,862
28,879,115
24,572,675
20,050,308
17,009,000
14,943,319
11,492,456
9,706,221
8,933,424
6,852,789
Gross Profit
23,591,835
19,277,701
18,043,442
15,102,294
12,334,835
11,708,147
10,540,974
9,741,331
8,201,402
5,770,152
4,516,220
3,837,930
3,479,890
3,205,210
Admin Expenses
15,182,652
16,672,049
13,697,787
9,566,146
9,247,194
8,667,745
7,288,367
6,278,902
5,048,082
3,128,810
3,074,600
2,852,994
2,378,812
2,180,790
-1,016,814
Operating Profit
8,409,183
2,605,652
4,345,655
5,536,148
3,087,641
3,040,402
3,252,607
3,462,429
3,153,320
2,641,342
1,441,620
984,936
1,101,078
1,024,420
1,016,814
Interest Payable
249,462
386,698
112,459
158,231
200,214
167,416
110,365
57,084
47,208
26,190
9,802
15,989
23,191
444
666
Interest Receivable
27,548
3,491
10,587
4,491
17,996
11,961
800
1,095
1,514
800
840
488
979
2,337
Pre-Tax Profit
8,187,269
2,222,445
4,243,783
5,382,408
2,905,423
2,884,947
3,143,042
3,406,440
3,107,626
2,615,952
1,432,658
969,435
1,077,887
1,024,955
1,018,485
Tax
-712,307
-489,539
-1,218,253
-867,543
-666,434
-640,693
-615,490
-715,184
-639,969
-565,132
-336,036
-165,625
-291,415
-274,783
-283,106
Profit After Tax
7,474,962
1,732,906
3,025,530
4,514,865
2,238,989
2,244,254
2,527,552
2,691,256
2,467,657
2,050,820
1,096,622
803,810
786,472
750,172
735,379
Dividends Paid
565,654
591,350
404,685
879,300
445,765
241,050
265,239
165,533
171,043
191,393
143,401
153,994
297,750
Retained Profit
7,474,962
1,732,906
2,459,876
3,923,515
1,834,304
1,364,954
2,081,787
2,450,206
2,202,418
1,885,287
925,579
612,417
643,071
596,178
437,629
Employee Costs
8,295,019
9,509,774
6,848,362
5,955,180
5,334,241
4,927,764
4,052,347
3,472,006
2,698,582
2,322,347
1,903,011
1,658,857
1,500,717
1,191,215
1,034,530
Number Of Employees
195
200
187
167
157
144
117
104
88
73
58
49
45
37
33
EBITDA*
8,754,468
3,233,345
4,829,206
6,050,249
3,449,203
3,358,764
3,500,287
3,671,049
3,325,502
2,801,948
1,549,215
1,086,693
1,159,831
1,094,123
1,079,553
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
1,223,565
1,390,481
10,321,050
9,865,523
9,279,271
6,606,649
6,390,972
5,513,615
4,364,692
2,483,692
2,142,811
2,133,743
2,084,294
1,961,688
420,646
Intangible Assets
Investments & Other
3,000
Debtors (Due After 1 year)
Total Fixed Assets
1,223,565
1,390,481
10,321,050
9,865,523
9,279,271
6,606,649
6,390,972
5,513,615
4,364,692
2,483,692
2,142,811
2,133,743
2,084,294
1,961,688
423,646
Stock & work in progress
24,898,354
37,277,891
15,284,728
7,643,930
13,063,847
12,692,999
11,258,130
8,465,276
7,801,654
6,583,074
4,692,017
4,534,991
4,481,929
3,523,939
3,599,632
Trade Debtors
9,433,006
10,635,401
12,820,310
9,509,295
7,900,926
8,233,245
7,225,643
6,551,347
4,957,684
4,328,926
3,316,908
2,697,864
2,343,908
2,387,896
1,683,759
Group Debtors
Misc Debtors
1,116,831
494,661
858,630
390,129
779,218
814,707
197,789
253,339
141,927
74,947
193,305
180,588
105,665
301,227
124,050
Cash
5,615,575
621,351
4,784,756
5,460,655
1,235,589
1,063,520
1,080,884
198,086
499,474
111,503
282
699
179
166
835,034
misc current assets
total current assets
41,063,766
49,029,304
33,748,424
23,004,009
22,979,580
22,804,471
19,762,446
15,468,048
13,400,739
11,098,450
8,202,512
7,414,142
6,931,681
6,213,228
6,242,475
total assets
42,287,331
50,419,785
44,069,474
32,869,532
32,258,851
29,411,120
26,153,418
20,981,663
17,765,431
13,582,142
10,345,323
9,547,885
9,015,975
8,174,916
6,666,121
Bank overdraft
190
12,072,651
7,153,785
237,796
4,831,548
6,355,622
3,599,192
1,148,189
509,921
892,193
299,483
624,632
725,683
160,412
Bank loan
Trade Creditors
3,232,692
5,937,188
3,137,799
2,558,554
2,690,668
2,248,194
2,216,164
2,064,402
1,229,569
721,928
742,385
484,921
433,424
932,350
354,390
Group/Directors Accounts
80,185
446,420
1,203,649
523,786
632
1,239
1,962
524,031
524,052
other short term finances
hp & lease commitments
108,306
108,306
132,239
135,963
89,074
56,598
56,598
19,824
2,000
other current liabilities
2,835,974
3,412,207
3,149,819
1,945,509
626,705
1,057,395
612,845
819,185
684,880
870,500
555,483
609,437
645,719
556,885
402,626
total current liabilities
6,177,162
21,530,352
13,573,642
4,877,822
8,237,995
9,717,809
6,564,984
4,478,196
3,628,019
3,008,407
1,597,983
1,740,053
1,806,788
2,173,678
1,283,068
loans
3,181,957
3,417,094
3,623,525
1,342,525
2,577,921
1,677,106
1,785,037
416,550
523,786
523,786
523,786
hp & lease commitments
114,073
222,901
330,464
327,478
83,818
33,195
89,793
19,824
Accruals and Deferred Income
other liabilities
provisions
214,070
359,468
409,253
371,056
360,946
199,328
167,411
154,839
131,059
138,287
89,943
76,014
69,962
48,694
26,687
total long term liabilities
328,143
582,369
3,921,674
4,115,628
4,068,289
1,575,048
2,835,125
1,831,945
1,916,096
554,837
613,729
599,800
613,572
48,694
26,687
total liabilities
6,505,305
22,112,721
17,495,316
8,993,450
12,306,284
11,292,857
9,400,109
6,310,141
5,544,115
3,563,244
2,211,712
2,339,853
2,420,360
2,222,372
1,309,755
net assets
35,782,026
28,307,064
26,574,158
23,876,082
19,952,567
18,118,263
16,753,309
14,671,522
12,221,316
10,018,898
8,133,611
7,208,032
6,595,615
5,952,544
5,356,366
total shareholders funds
35,782,026
28,307,064
26,574,158
23,876,082
19,952,567
18,118,263
16,753,309
14,671,522
12,221,316
10,018,898
8,133,611
7,208,032
6,595,615
5,952,544
5,356,366
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
8,409,183
2,605,652
4,345,655
5,536,148
3,087,641
3,040,402
3,252,607
3,462,429
3,153,320
2,641,342
1,441,620
984,936
1,101,078
1,024,420
1,016,814
Depreciation
345,285
627,693
483,551
514,101
361,562
318,362
247,680
208,620
172,182
160,606
107,595
101,757
58,753
69,703
62,739
Amortisation
Tax
-712,307
-489,539
-1,218,253
-867,543
-666,434
-640,693
-615,490
-715,184
-639,969
-565,132
-336,036
-165,625
-291,415
-274,783
-283,106
Stock
-12,379,537
21,993,163
7,640,798
-5,419,917
370,848
1,434,869
2,792,854
663,622
1,218,580
1,891,057
157,026
53,062
957,990
-75,693
3,599,632
Debtors
-580,225
-2,548,878
3,779,516
1,219,280
-367,808
1,624,520
618,746
1,705,075
695,738
893,660
631,761
428,879
-239,550
881,314
1,807,809
Creditors
-2,704,496
2,799,389
579,245
-132,114
442,474
32,030
151,762
834,833
507,641
-20,457
257,464
51,497
-498,926
577,960
354,390
Accruals and Deferred Income
-576,233
262,388
1,204,310
1,318,804
-430,690
444,550
-206,340
134,305
-185,620
315,017
-53,954
-36,282
88,834
154,259
402,626
Deferred Taxes & Provisions
-145,398
-49,785
38,197
10,110
161,618
31,917
12,572
23,780
-7,228
48,344
13,929
6,052
21,268
22,007
26,687
Cash flow from operations
17,575,796
-13,688,487
-5,987,609
10,580,143
2,953,131
167,179
-568,809
1,580,086
1,086,008
-204,997
641,831
460,394
-238,848
767,945
-3,827,291
Investing Activities
capital expenditure
-535,585
-957,557
-1,359,940
-2,052,941
-501,650
-118,355
-159,303
-182,276
-1,614,284
-79,896
Change in Investments
-3,000
3,000
cash flow from investments
-535,585
-957,557
-1,359,940
-2,052,941
-501,650
-118,355
-159,303
-182,276
-1,611,284
-82,896
Financing Activities
Bank loans
Group/Directors Accounts
-80,185
-366,235
-757,229
679,863
523,154
-607
-723
-522,069
-21
524,052
Other Short Term Loans
Long term loans
-3,181,957
-235,137
-206,431
2,281,000
-1,235,396
900,815
-107,931
1,368,487
-107,236
523,786
Hire Purchase and Lease Commitments
-108,828
-131,496
-738
290,549
83,099
-56,598
146,391
-19,824
19,824
-2,000
2,000
other long term liabilities
share issue
238,200
4,918,737
interest
-221,914
-383,207
-101,872
-153,740
-182,218
-155,455
-109,565
-55,989
-45,694
-25,390
-8,962
-15,501
-23,191
535
1,671
cash flow from financing
-330,742
-3,696,660
-99,547
-69,622
2,181,881
-1,527,634
571,406
-921,149
2,002,656
390,528
-29,393
-16,224
-1,650
-1,486
5,446,460
cash and cash equivalents
cash
4,994,224
-4,163,405
-675,899
4,225,066
172,069
-17,364
882,798
-301,388
387,971
111,221
-417
520
13
-834,868
835,034
overdraft
-12,072,461
4,918,866
6,915,989
-4,593,752
-1,524,074
2,756,430
2,451,003
638,268
-382,272
592,710
-325,149
-101,051
565,271
160,412
change in cash
17,066,685
-9,082,271
-7,591,888
8,818,818
1,696,143
-2,773,794
-1,568,205
-939,656
770,243
-481,489
324,732
101,571
-565,258
-995,280
835,034
t i midwood & co 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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t i midwood & co limited Ownership
T I MIDWOOD & CO LIMITED group structure
T I Midwood & Co Limited has no subsidiary companies.
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 15 charges/mortgages relating to t i midwood & co limited. Currently there are 0 open charges and 15 have been satisfied in the past.
t i midwood & co limited Capital Raised & Share Issues BETA
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t i midwood & co limitedCompanies House Filings - See Documents
