Truewood Joinery Limited

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truewood joinery limited Company Information

Live

MatureSmallHigh

Company Number

04678938

Next Accounts

Nov 2025

Industry

Joinery installation

Directors

Ian Standard

Shareholders

ian richard standard

Group Structure

View All

Contact

Registered Address

unit b3 centrepoint, stafford drive battlefield enter, shrewsbury, shropshire, SY1 3BF

Website

www.truewoodjoinery.co.uk

truewood joinery limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of TRUEWOOD JOINERY LIMITED at £2.9m based on Net Assets of £1.5m and 1.98x industry multiple (adjusted for liquidity).

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Truewood Joinery Limited is a live company located in shrewsbury, SY1 3BF with a Companies House number of 04678938. It operates in the joinery installation sector, SIC Code 43320. Founded in February 2003, it's largest shareholder is ian richard standard with a 100% stake. Truewood Joinery Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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Pomanda's financial health check has awarded Truewood Joinery 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 £1.4m, make it larger than the average company (£203.7k)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (10.9%)

EXPORT

Truewood Joinery Limited's latest turnover from February 2024 is estimated at £1.4 million and the company has net assets of £1.5 million. According to their latest financial statements, Truewood Joinery Limited has 12 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,414,714	1,831,874	903,048	697,311	1,173,281	859,899	1,210,139	568,404	749,327	860,057	1,013,435	1,563,608	1,142,017	1,256,358	902,916
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	977,350	1,327,520	679,611	496,962	838,675	583,836	803,879	386,902	484,065	556,295	618,784	965,577	718,701	774,376	572,838
Gross Profit	437,364	504,354	223,437	200,349	334,606	276,063	406,260	181,502	265,262	303,762	394,651	598,031	423,316	481,982	330,078
Admin Expenses	223,652	85,388	130,688	169,946	184,721	108,869	391,720	178,513	267,537	283,793	426,499	492,004	261,403	403,706	-34,439
Operating Profit	213,712	418,966	92,749	30,403	149,885	167,194	14,540	2,989	-2,275	19,969	-31,848	106,027	161,913	78,276	364,517
Interest Payable	83	69	26	28	35	55	76	91	56	0	0	0	0	0	0
Interest Receivable	59,965	35,625	3,858	704	4,863	4,705	2,886	1,210	2,338	2,361	2,116	2,515	2,197	1,215	472
Pre-Tax Profit	273,595	454,522	96,580	31,079	154,712	171,843	17,351	4,109	8	22,330	-29,732	108,542	164,109	79,490	364,989
Tax	-68,399	-86,359	-18,350	-5,905	-29,395	-32,650	-3,297	-822	-1	-4,689	0	-26,050	-42,668	-22,257	-102,197
Profit After Tax	205,196	368,163	78,230	25,174	125,317	139,193	14,054	3,287	6	17,641	-29,732	82,492	121,441	57,233	262,792
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	205,196	368,163	78,230	25,174	125,317	139,193	14,054	3,287	6	17,641	-29,732	82,492	121,441	57,233	262,792
Employee Costs	268,454	299,414	305,041	264,853	447,319	432,056	423,344	412,291	168,779	184,591	218,288	329,854	249,427	276,642	175,434
Number Of Employees	12	11	11	11	12	12	12	12	4	5	6	9	8	9	6
EBITDA*	225,418	429,334	103,410	43,676	163,337	181,060	24,353	11,416	6,067	28,700	-21,944	118,049	174,969	92,299	381,599

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	73,498	72,817	62,197	69,802	74,048	74,408	69,767	47,957	45,048	45,388	51,232	62,496	73,816	81,479	105,354
Intangible Assets	0	0	0	0	1,800	3,600	5,400	7,200	9,000	10,000	11,000	12,000	13,000	14,000	15,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	73,498	72,817	62,197	69,802	75,848	78,008	75,167	55,157	54,048	55,388	62,232	74,496	86,816	95,479	120,354
Stock & work in progress	30,469	16,953	11,058	32,993	63,022	10,000	10,000	10,000	10,000	9,000	9,000	9,000	4,300	8,500	1,545
Trade Debtors	352,711	513,783	245,143	113,287	158,977	99,628	192,327	23,772	106,282	96,180	128,607	179,254	60,308	142,640	123,875
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,282	9,659	7,231	11,664	109,096	48,460	15,549	17,475	117,878	0	0	0	0	0	0
Cash	1,278,697	1,005,680	775,589	767,445	641,390	655,322	599,252	555,299	413,012	522,368	422,066	424,337	581,606	297,082	188,785
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,672,159	1,546,075	1,039,021	925,389	972,485	813,410	817,128	606,546	647,172	627,548	559,673	612,591	646,214	448,222	314,205
total assets	1,745,657	1,618,892	1,101,218	995,191	1,048,333	891,418	892,295	661,703	701,220	682,936	621,905	687,087	733,030	543,701	434,559
Bank overdraft	512	958	424	372	558	492	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	0
Trade Creditors	46,507	103,212	37,571	45,561	109,608	94,963	106,163	75,935	113,961	167,790	124,289	158,737	286,392	219,066	147,387
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	1,138	1,203	1,708	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	209,775	231,315	154,437	117,293	130,583	113,711	245,814	64,695	67,071	0	0	0	0	0	0
total current liabilities	256,794	335,485	192,432	163,226	240,749	209,166	353,115	141,833	182,740	167,790	124,289	158,737	286,392	219,066	147,387
loans	0	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	0
Accruals and Deferred Income	0	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	1	19,108
provisions	18,374	18,114	11,656	13,065	13,858	13,843	9,964	4,708	6,605	3,277	3,388	4,390	5,170	4,607	5,270
total long term liabilities	18,374	18,114	11,656	13,065	13,858	13,843	9,964	4,708	6,605	3,277	3,388	4,390	5,170	4,608	24,378
total liabilities	275,168	353,599	204,088	176,291	254,607	223,009	363,079	146,541	189,345	171,067	127,677	163,127	291,562	223,674	171,765
net assets	1,470,489	1,265,293	897,130	818,900	793,726	668,409	529,216	515,162	511,875	511,869	494,228	523,960	441,468	320,027	262,794
total shareholders funds	1,470,489	1,265,293	897,130	818,900	793,726	668,409	529,216	515,162	511,875	511,869	494,228	523,960	441,468	320,027	262,794

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	213,712	418,966	92,749	30,403	149,885	167,194	14,540	2,989	-2,275	19,969	-31,848	106,027	161,913	78,276	364,517
Depreciation	11,706	10,368	10,661	11,473	11,652	12,066	8,013	6,627	7,342	7,731	8,904	11,022	12,056	13,023	16,082
Amortisation	0	0	0	1,800	1,800	1,800	1,800	1,800	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Tax	-68,399	-86,359	-18,350	-5,905	-29,395	-32,650	-3,297	-822	-1	-4,689	0	-26,050	-42,668	-22,257	-102,197
Stock	13,516	5,895	-21,935	-30,029	53,022	0	0	0	1,000	0	0	4,700	-4,200	6,955	1,545
Debtors	-160,449	271,068	127,423	-143,122	119,985	-59,788	166,629	-182,913	127,980	-32,427	-50,647	118,946	-82,332	18,765	123,875
Creditors	-56,705	65,641	-7,990	-64,047	14,645	-11,200	30,228	-38,026	-53,829	43,501	-34,448	-127,655	67,326	71,679	147,387
Accruals and Deferred Income	-21,540	76,878	37,144	-13,290	16,872	-132,103	181,119	-2,376	67,071	0	0	0	0	0	0
Deferred Taxes & Provisions	260	6,458	-1,409	-793	15	3,879	5,256	-1,897	3,328	-111	-1,002	-780	563	-663	5,270
Cash flow from operations	225,967	214,989	7,317	132,792	-7,533	68,774	71,030	151,208	-106,344	99,828	-6,747	-160,082	286,722	115,338	306,639
Investing Activities
capital expenditure	-12,387	-20,988	-3,056	-7,227	-11,292	-16,707	-29,823	-9,536	-7,002	-1,887	2,360	298	-4,393	10,852	-137,436
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,387	-20,988	-3,056	-7,227	-11,292	-16,707	-29,823	-9,536	-7,002	-1,887	2,360	298	-4,393	10,852	-137,436
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-1,138	-65	-505	1,708	0	0	0	0	0	0
Long term loans	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-1	-19,107	19,108
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	59,882	35,556	3,832	676	4,828	4,650	2,810	1,119	2,282	2,361	2,116	2,515	2,197	1,215	472
cash flow from financing	59,882	35,556	3,832	676	4,828	3,512	2,745	614	3,990	2,361	2,116	2,515	2,196	-17,892	19,582
cash and cash equivalents
cash	273,017	230,091	8,144	126,055	-13,932	56,070	43,953	142,287	-109,356	100,302	-2,271	-157,269	284,524	108,297	188,785
overdraft	-446	534	52	-186	66	492	0	0	0	0	0	0	0	0	0
change in cash	273,463	229,557	8,092	126,241	-13,998	55,578	43,953	142,287	-109,356	100,302	-2,271	-157,269	284,524	108,297	188,785

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TRUEWOOD JOINERY LIMITED group structure

Truewood Joinery Limited has no subsidiary companies.

Ultimate parent company

TRUEWOOD JOINERY LIMITED

04678938

TRUEWOOD JOINERY LIMITED Shareholders

ian richard standard

100%

Truewood Joinery Limited currently has 1 director, Mr Ian Standard serving since Feb 2003.

officer	country	age	start	end	role
Mr Ian Standard	United Kingdom	54 years	Feb 2003	-	Director

P&L

February 2024

turnover

1.4m

-23%

operating profit

213.7k

gross margin

31%

+12.29%

turnover

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

Balance Sheet

February 2024

net assets

1.5m

+0.16%

total assets

1.7m

+0.08%

cash

1.3m

+0.27%

net assets

Total assets minus all liabilities

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company number

04678938

Type

Private limited with Share Capital

industry

43320 - Joinery installation

incorporation date

February 2003

ultimate parent company

None

previous names

N/A

address

unit b3 centrepoint, stafford drive battlefield enter, shrewsbury, shropshire, SY1 3BF

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 truewood joinery limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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truewood joinery limited Company Information

truewood joinery limited Estimated Valuation

truewood joinery limited Estimated Valuation

truewood joinery limited Estimated Valuation

Truewood Joinery Limited Overview

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TRUEWOOD JOINERY LIMITED financials

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truewood joinery limited Ownership

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