jims butchers limited

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jims butchers limited Company Information

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Company Number

04670625

Registered Address

124 thorpe road, norwich, norfolk, NR1 1RS

Industry

Retail sale of meat and meat products in specialised stores

 

Telephone

02072545573

Next Accounts Due

December 2024

Group Structure

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Directors

James Wyllie21 Years

Tracy Wyllie1 Years

Shareholders

james anderson wyllie 50%

tracy ann wyllie 50%

jims butchers limited Estimated Valuation

£791.5k

Pomanda estimates the enterprise value of JIMS BUTCHERS LIMITED at £791.5k based on a Turnover of £2.9m and 0.27x industry multiple (adjusted for size and gross margin).

jims butchers limited Estimated Valuation

£60.6k

Pomanda estimates the enterprise value of JIMS BUTCHERS LIMITED at £60.6k based on an EBITDA of £20k and a 3.03x industry multiple (adjusted for size and gross margin).

jims butchers limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of JIMS BUTCHERS LIMITED at £1.9m based on Net Assets of £365.4k and 5.08x industry multiple (adjusted for liquidity).

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Jims Butchers Limited Overview

Jims Butchers Limited is a live company located in norfolk, NR1 1RS with a Companies House number of 04670625. It operates in the retail sale of meat and meat products in specialised stores sector, SIC Code 47220. Founded in February 2003, it's largest shareholder is james anderson wyllie with a 50% stake. Jims Butchers Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with healthy growth in recent years.

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Jims Butchers Limited Health Check

Pomanda's financial health check has awarded Jims Butchers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £2.9m, make it larger than the average company (£927.4k)

£2.9m - Jims Butchers Limited

£927.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.3%)

10% - Jims Butchers Limited

5.3% - Industry AVG

production

Production

with a gross margin of 20.1%, this company has a comparable cost of product (20.1%)

20.1% - Jims Butchers Limited

20.1% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (3%)

0.2% - Jims Butchers Limited

3% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (9)

20 - Jims Butchers Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £22.4k, the company has an equivalent pay structure (£22.4k)

£22.4k - Jims Butchers Limited

£22.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £146.5k, this is more efficient (£126.6k)

£146.5k - Jims Butchers Limited

£126.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 37 days, this is later than average (25 days)

37 days - Jims Butchers Limited

25 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 26 days, this is slower than average (22 days)

26 days - Jims Butchers Limited

22 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 14 days, this is more than average (9 days)

14 days - Jims Butchers Limited

9 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (29 weeks)

40 weeks - Jims Butchers Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44%, this is a lower level of debt than the average (61.6%)

44% - Jims Butchers Limited

61.6% - Industry AVG

jims butchers 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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Jims Butchers Limited Competitor Analysis

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jims butchers limited Ownership

JIMS BUTCHERS LIMITED group structure

Jims Butchers Limited has no subsidiary companies.

Ultimate parent company

JIMS BUTCHERS LIMITED

04670625

JIMS BUTCHERS LIMITED Shareholders

james anderson wyllie 50%
tracy ann wyllie 50%

jims butchers limited directors

Jims Butchers Limited currently has 2 directors. The longest serving directors include Mr James Wyllie (Feb 2003) and Mrs Tracy Wyllie (Jan 2023).

officercountryagestartendrole
Mr James Wyllie57 years Feb 2003- Director
Mrs Tracy WyllieEngland58 years Jan 2023- Director

JIMS BUTCHERS LIMITED financials

EXPORTms excel logo

Jims Butchers Limited's latest turnover from March 2023 is estimated at £2.9 million and the company has net assets of £365.4 thousand. According to their latest financial statements, Jims Butchers Limited has 20 employees and maintains cash reserves of £212.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,930,9773,138,1521,858,4602,214,1972,748,8523,083,3313,074,6613,995,1414,651,4924,604,7983,818,8083,274,8222,675,0222,562,207
Other Income Or Grants00000000000000
Cost Of Sales2,341,2032,536,6711,351,5571,707,5612,153,4642,337,5912,332,9862,983,6763,488,2893,430,7022,788,2142,303,2941,873,6501,777,709
Gross Profit589,773601,480506,903506,636595,387745,740741,6751,011,4661,163,2031,174,0961,030,593971,528801,371784,498
Admin Expenses584,479433,495585,827581,022594,880755,878669,1761,029,1491,135,5961,131,665954,284965,646773,325512,735
Operating Profit5,294167,985-78,924-74,386507-10,13872,499-17,68327,60742,43176,3095,88228,046271,763
Interest Payable00000000000000
Interest Receivable9,7211,5931641491,203776298613661560435410403166
Pre-Tax Profit15,015169,578-78,760-74,2371,710-9,36272,798-17,07028,26842,99176,7436,29228,449271,929
Tax-2,853-32,22000-3250-14,5590-5,936-9,888-18,418-1,636-7,966-76,140
Profit After Tax12,162137,358-78,760-74,2371,385-9,36258,238-17,07022,33233,10358,3254,65620,483195,789
Dividends Paid00000000000000
Retained Profit12,162137,358-78,760-74,2371,385-9,36258,238-17,07022,33233,10358,3254,65620,483195,789
Employee Costs448,493367,625308,515432,341528,681374,743362,794875,024743,558505,578543,098474,452541,368609,985
Number Of Employees2018171922181639372528252831
EBITDA*19,974183,627-66,209-56,75122,4757,91693,844-3,06743,94161,47890,44819,85638,779282,239

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets45,07948,46436,48149,19664,91355,94268,67051,42759,21470,60159,26569,03360,38651,837
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets45,07948,46436,48149,19664,91355,94268,67051,42759,21470,60159,26569,03360,38651,837
Stock & work in progress93,82795,72963,27045,65758,22155,05543,20132,62239,30840,68554,76670,70336,06135,897
Trade Debtors298,277256,652138,011198,537312,838310,757331,395308,022296,030255,589260,219192,144169,774125,261
Group Debtors00000000000000
Misc Debtors2,6672,4872,5486,09712,9888951,1956,283000000
Cash212,221245,222179,473148,937148,922171,815138,49099,925145,242119,328104,58169,34794,55966,526
misc current assets00000000000000
total current assets606,992600,090383,302399,228532,969538,522514,281446,852480,580415,602419,566332,194300,394227,684
total assets652,071648,554419,783448,424597,882594,464582,951498,279539,794486,203478,831401,227360,780279,521
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 168,383147,44287,98873,784130,186138,823113,213121,821191,620142,609153,863108,23194,32973,245
Group/Directors Accounts80,15784,64897,47362,88869,06356,37850,6330011,20738,21563,56844,1794,987
other short term finances00000000000000
hp & lease commitments00000003,986000000
other current liabilities27,12954,22411,4407,91018,25422,76930,69946,289000000
total current liabilities275,669286,314196,901144,582217,503217,970194,545172,096191,620153,816192,078171,799138,50878,232
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities000000003,9869,5310000
provisions11,0009,0007,0009,20011,5009,00011,5507,5658,5009,5006,5007,5005,0004,500
total long term liabilities11,0009,0007,0009,20011,5009,00011,5507,56512,48619,0316,5007,5005,0004,500
total liabilities286,669295,314203,901153,782229,003226,970206,095179,661204,106172,847198,578179,299143,50882,732
net assets365,402353,240215,882294,642368,879367,494376,856318,618335,688313,356280,253221,928217,272196,789
total shareholders funds365,402353,240215,882294,642368,879367,494376,856318,618335,688313,356280,253221,928217,272196,789
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit5,294167,985-78,924-74,386507-10,13872,499-17,68327,60742,43176,3095,88228,046271,763
Depreciation14,68015,64212,71517,63521,96818,05421,34514,61616,33419,04714,13913,97410,73310,476
Amortisation00000000000000
Tax-2,853-32,22000-3250-14,5590-5,936-9,888-18,418-1,636-7,966-76,140
Stock-1,90232,45917,613-12,5643,16611,85410,579-6,686-1,377-14,081-15,93734,64216435,897
Debtors41,805118,580-64,075-121,19214,174-20,93818,28518,27540,441-4,63068,07522,37044,513125,261
Creditors20,94159,45414,204-56,402-8,63725,610-8,608-69,79949,011-11,25445,63213,90221,08473,245
Accruals and Deferred Income-27,09542,7843,530-10,344-4,515-7,930-15,59046,289000000
Deferred Taxes & Provisions2,0002,000-2,200-2,3002,500-2,5503,985-935-1,0003,000-1,0002,5005004,500
Cash flow from operations-26,936104,606-4,2137,959-5,84232,13030,208-39,10146,95262,04764,524-22,3907,720122,686
Investing Activities
capital expenditure-11,295-27,6250-1,918-30,939-5,326-38,588-6,829-4,947-30,383-4,371-22,621-19,282-62,313
Change in Investments00000000000000
cash flow from investments-11,295-27,6250-1,918-30,939-5,326-38,588-6,829-4,947-30,383-4,371-22,621-19,282-62,313
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-4,491-12,82534,585-6,17512,6855,74550,6330-11,207-27,008-25,35319,38939,1924,987
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments000000-3,9863,986000000
other long term liabilities0000000-3,986-5,5459,5310000
share issue00000000000001,000
interest9,7211,5931641491,203776298613661560435410403166
cash flow from financing5,230-11,23234,749-6,02613,8886,52146,945613-16,091-16,917-24,91819,79939,5956,153
cash and cash equivalents
cash-33,00165,74930,53615-22,89333,32538,565-45,31725,91414,74735,234-25,21228,03366,526
overdraft00000000000000
change in cash-33,00165,74930,53615-22,89333,32538,565-45,31725,91414,74735,234-25,21228,03366,526

P&L

March 2023

turnover

2.9m

-7%

operating profit

5.3k

0%

gross margin

20.2%

+4.98%

turnover

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

Balance Sheet

March 2023

net assets

365.4k

+0.03%

total assets

652.1k

+0.01%

cash

212.2k

-0.13%

net assets

Total assets minus all liabilities

jims butchers limited company details

company number

04670625

Type

Private limited with Share Capital

industry

47220 - Retail sale of meat and meat products in specialised stores

incorporation date

February 2003

age

21

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

124 thorpe road, norwich, norfolk, NR1 1RS

last accounts submitted

March 2023

jims butchers 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 did not find charges/mortgages relating to jims butchers limited.

charges

jims butchers limited Companies House Filings - See Documents

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