ib wood & sons limited

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ib wood & sons limited Company Information

Share IB WOOD & SONS LIMITED

Company Number

04751663

Shareholders

michael john wood

howard neil wood

Group Structure

View All

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

 

Registered Address

agincourt house, 14 clytha park road, newport, NP20 4PB

Website

-

ib wood & sons limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of IB WOOD & SONS LIMITED at £2.4m based on a Turnover of £2.8m and 0.87x industry multiple (adjusted for size and gross margin).

ib wood & sons limited Estimated Valuation

£233.4k

Pomanda estimates the enterprise value of IB WOOD & SONS LIMITED at £233.4k based on an EBITDA of £69.3k and a 3.37x industry multiple (adjusted for size and gross margin).

ib wood & sons limited Estimated Valuation

£848k

Pomanda estimates the enterprise value of IB WOOD & SONS LIMITED at £848k based on Net Assets of £453k and 1.87x industry multiple (adjusted for liquidity).

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Ib Wood & Sons Limited Overview

Ib Wood & Sons Limited is a live company located in newport, NP20 4PB with a Companies House number of 04751663. It operates in the other sports activities sector, SIC Code 93199. Founded in May 2003, it's largest shareholder is michael john wood with a 50.2% stake. Ib Wood & Sons Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with low growth in recent years.

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Ib Wood & Sons Limited Health Check

Pomanda's financial health check has awarded Ib Wood & Sons Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £2.8m, make it larger than the average company (£621.3k)

£2.8m - Ib Wood & Sons Limited

£621.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8.9%)

1% - Ib Wood & Sons Limited

8.9% - Industry AVG

production

Production

with a gross margin of 41%, this company has a comparable cost of product (41%)

41% - Ib Wood & Sons Limited

41% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (1.5%)

0.5% - Ib Wood & Sons Limited

1.5% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (15)

8 - Ib Wood & Sons Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.9k, the company has an equivalent pay structure (£28.9k)

£28.9k - Ib Wood & Sons Limited

£28.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £345.5k, this is more efficient (£69.7k)

£345.5k - Ib Wood & Sons Limited

£69.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (16 days)

1 days - Ib Wood & Sons Limited

16 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 327 days, this is slower than average (30 days)

327 days - Ib Wood & Sons Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (15 days)

0 days - Ib Wood & Sons Limited

15 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (65 weeks)

7 weeks - Ib Wood & Sons Limited

65 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.8%, this is a higher level of debt than the average (38.4%)

76.8% - Ib Wood & Sons Limited

38.4% - Industry AVG

IB WOOD & SONS LIMITED financials

EXPORTms excel logo

Ib Wood & Sons Limited's latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of £453 thousand. According to their latest financial statements, Ib Wood & Sons Limited has 8 employees and maintains cash reserves of £206.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,763,7222,836,9762,576,9342,667,507340,910311,621220,366275,55515,1923,126,4513,409,2858,335,3627,799,2803,625,175
Other Income Or Grants
Cost Of Sales1,631,2191,657,7201,419,3781,571,217201,058184,790126,278155,7398,7231,727,9821,904,0204,897,7734,531,4112,118,340
Gross Profit1,132,5031,179,2561,157,5571,096,290139,853126,83194,087119,8166,4691,398,4691,505,2653,437,5893,267,8701,506,835
Admin Expenses1,119,8781,137,5041,076,723805,291127,489105,58381,734135,658-14,5121,423,6051,536,7363,457,9933,265,3121,494,149-178,248
Operating Profit12,62541,75280,834290,99912,36421,24812,353-15,84220,981-25,136-31,471-20,4042,55812,686178,248
Interest Payable2447981,3131,7782,3821,456
Interest Receivable10,2436,92450512339336417229333285244
Pre-Tax Profit22,86848,67781,338290,87811,95920,29910,748-18,19419,528-25,133-31,468-20,4022,56612,738178,292
Tax-5,717-9,249-15,454-55,267-2,272-3,857-2,042-3,905-667-3,566-49,922
Profit After Tax17,15139,42865,884235,6119,68716,4428,706-18,19415,622-25,133-31,468-20,4021,8999,171128,370
Dividends Paid
Retained Profit17,15139,42865,884235,6119,68716,4428,706-18,19415,622-25,133-31,468-20,4021,8999,171128,370
Employee Costs230,829171,271164,644149,618146,486142,668176,184179,18424,6341,103,9271,083,7142,894,1382,780,6311,170,900
Number Of Employees866666881424310911449
EBITDA*69,271104,215137,344341,15161,26261,21370,88440,71675,54919,60311,74123,58144,55651,224214,259

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets586,852577,340555,284515,472493,526487,941474,419471,329487,718459,696478,376516,087535,822535,204536,242
Intangible Assets3,2088,70814,20819,70825,20830,70836,20841,70847,20852,70858,20863,70869,20874,708
Investments & Other1,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,3661,148,366
Debtors (Due After 1 year)
Total Fixed Assets1,735,2181,728,9141,712,3581,678,0461,661,6001,661,5151,653,4931,655,9031,677,7921,655,2701,679,4501,722,6611,747,8961,752,7781,759,316
Stock & work in progress2,6002,6002,6002,6002,1002,1009009001,8001,4001,5341,8008508502,620
Trade Debtors8,9034,6675,7963,72522,96622,1764,5813,1283,82625,37225,435
Group Debtors
Misc Debtors3,2038281,871
Cash206,869183,356212,323191,42053,60151,19745,78723,1634016015015013013,06117,646
misc current assets28
total current assets218,372190,623220,719197,74581,87075,47351,29624,8914,0725,1295,8612,3011,15129,28345,701
total assets1,953,5901,919,5371,933,0771,875,7911,743,4701,736,9881,704,7891,680,7941,681,8641,660,3991,685,3111,724,9621,749,0471,782,0611,805,017
Bank overdraft7,99615,64423,26931,427
Bank loan44,791
Trade Creditors 1,462,7031,433,6741,468,8641,475,39522,79610,9414,5274,1802,1051,408,0801,407,8591,416,0421,419,7251,454,6381,486,765
Group/Directors Accounts1,289,5211,291,4651,258,5861,250,4181,221,990
other short term finances
hp & lease commitments10,05314,31314,3138,2874,624
other current liabilities3,4741,2134,8207,020126,499124,609124,621126,908133,862
total current liabilities1,466,1771,434,8871,473,6841,482,4151,456,8651,456,9721,425,3161,421,2201,407,3721,408,0801,407,8591,416,0421,419,7251,454,6381,486,765
loans
hp & lease commitments2,0245,12121,0209,8276,551
Accruals and Deferred Income
other liabilities33,35247,73961,91061,778
provisions1,0861,0871,0871,0861,0861,0861,0861,0861,0861,0861,0861,0861,0861,0861,086
total long term liabilities34,43848,82662,99762,8643,1106,20722,10610,9137,6371,0861,0861,0861,0861,0861,086
total liabilities1,500,6151,483,7131,536,6811,545,2791,459,9751,463,1791,447,4221,432,1331,415,0091,409,1661,408,9451,417,1281,420,8111,455,7241,487,851
net assets452,975435,824396,396330,512283,495273,809257,367248,661266,855251,233276,366307,834328,236326,337317,166
total shareholders funds452,975435,824396,396330,512283,495273,809257,367248,661266,855251,233276,366307,834328,236326,337317,166
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit12,62541,75280,834290,99912,36421,24812,353-15,84220,981-25,136-31,471-20,4042,55812,686178,248
Depreciation53,43862,46351,01044,65243,39834,46553,03151,05849,06839,23937,71138,48536,49833,03830,511
Amortisation3,2085,5005,5005,5005,5005,5005,5005,5005,5005,5005,5005,5005,5005,500
Tax-5,717-9,249-15,454-55,267-2,272-3,857-2,042-3,905-667-3,566-49,922
Stock5001,200-900400-134-266950-1,7702,620
Debtors4,236-1,1292,071-22,4443,99317,5953,753-1,043-1,257-6983,826-25,372-6325,435
Creditors29,029-35,190-6,5311,452,59911,8556,4143472,075-1,405,975221-8,183-3,683-34,913-32,1271,486,765
Accruals and Deferred Income2,261-3,607-2,200-119,4791,890-12-2,287-6,954133,862
Deferred Taxes & Provisions-111,086
Cash flow from operations90,60757,298111,0891,640,94868,74244,96363,14937,780-1,199,61220,656-318,94834,34817,3641,624,133
Investing Activities
capital expenditure-62,950-79,019-90,822-66,598-48,983-47,987-56,121-34,669-77,090-20,559-18,750-37,116-32,000-646,961
Change in Investments1,148,366
cash flow from investments-62,950-79,019-90,822-66,598-48,983-47,987-56,121-34,669-77,090-20,559-18,750-37,116-32,000-1,795,327
Financing Activities
Bank loans-44,79144,791
Group/Directors Accounts-1,289,521-1,94432,8798,16828,4281,221,990
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-12,077-7,357-15,89917,2196,93911,175
other long term liabilities-14,387-14,17113261,778
share issue-188,594-1188,796
interest10,2436,924505-121-405-949-1,606-2,353-1,45333285244
cash flow from financing-4,144-7,247637-1,428,535-9,70716,03123,781-11,7771,276,503332852188,840
cash and cash equivalents
cash23,513-28,96720,903137,8192,4045,41022,62422,762-200100200-2,760-14,58517,646
overdraft-7,996-7,648-7,625-8,15831,427
change in cash23,513-28,96720,903145,81510,05213,03530,782-8,665-200100200-2,760-14,58517,646

ib wood & sons 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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Ib Wood & Sons Limited Competitor Analysis

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Perform a competitor analysis for ib wood & sons limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in NP20 area or any other competitors across 12 key performance metrics.

ib wood & sons limited Ownership

IB WOOD & SONS LIMITED group structure

Ib Wood & Sons Limited has no subsidiary companies.

Ultimate parent company

IB WOOD & SONS LIMITED

04751663

IB WOOD & SONS LIMITED Shareholders

michael john wood 50.25%
howard neil wood 49.75%

ib wood & sons limited directors

Ib Wood & Sons Limited currently has 2 directors. The longest serving directors include Mr Howard Wood (May 2003) and Mr Michael Wood (Apr 2022).

officercountryagestartendrole
Mr Howard Wood61 years May 2003- Director
Mr Michael WoodWales65 years Apr 2022- Director

P&L

December 2023

turnover

2.8m

-3%

operating profit

12.6k

0%

gross margin

41%

-1.42%

turnover

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

Balance Sheet

December 2023

net assets

453k

+0.04%

total assets

2m

+0.02%

cash

206.9k

+0.13%

net assets

Total assets minus all liabilities

ib wood & sons limited company details

company number

04751663

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

May 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

PHIL BESSANT LIMITED

auditor

-

address

agincourt house, 14 clytha park road, newport, NP20 4PB

Bank

HSBC BANK PLC

Legal Advisor

-

ib wood & sons 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 2 charges/mortgages relating to ib wood & sons limited. Currently there are 0 open charges and 2 have been satisfied in the past.

ib wood & sons limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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ib wood & sons limited Companies House Filings - See Documents

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