Surman & Horwood Funeral Services Limited

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surman & horwood funeral services limited Company Information

Live

MatureSmallHealthy

Company Number

05069560

Website

http://independentfuneralservices.co.uk

Registered Address

first floor 1 des roches square, witan way, witney, oxfordshire, OX28 4BE

Industry

Funeral and related activities

Telephone

01844351323

Next Accounts Due

December 2024

Group Structure

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Directors

Robert Surman20 Years

Shareholders

richard horwood surman 25%

carol surman 25%

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surman & horwood funeral services limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of SURMAN & HORWOOD FUNERAL SERVICES LIMITED at £1.4m based on a Turnover of £1.7m and 0.82x industry multiple (adjusted for size and gross margin).

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Surman & Horwood Funeral Services Limited is a live company located in witney, OX28 4BE with a Companies House number of 05069560. It operates in the funeral and related activities sector, SIC Code 96030. Founded in March 2004, it's largest shareholder is richard horwood surman with a 25% stake. Surman & Horwood Funeral Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Surman & Horwood Funeral Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £1.7m, make it in line with the average company (£2.1m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.9%)

EXPORT

Surman & Horwood Funeral Services Limited's latest turnover from March 2023 is estimated at £1.7 million and the company has net assets of £150.3 thousand. According to their latest financial statements, Surman & Horwood Funeral Services Limited has 23 employees and maintains cash reserves of £319 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,688,336	1,830,648	1,588,652	1,500,758	1,452,235	1,546,420	1,256,212	1,090,958	1,127,443	1,032,929	710,927	770,239	634,798	605,206
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	741,046	744,996	652,629	698,329	682,812	722,650	598,140	496,177	524,707	492,824	348,705	372,893	302,083	286,472
Gross Profit	947,290	1,085,652	936,023	802,429	769,423	823,770	658,072	594,781	602,735	540,105	362,222	397,346	332,715	318,734
Admin Expenses	951,044	1,074,158	771,877	802,787	796,474	818,893	675,442	604,058	551,473	527,666	386,103	423,884	266,272	315,687
Operating Profit	-3,754	11,494	164,146	-358	-27,051	4,877	-17,370	-9,277	51,262	12,439	-23,881	-26,538	66,443	3,047
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,098	1,546	111	9	291	312	81	92	85	78	99	87	47	4
Pre-Tax Profit	7,344	13,040	164,257	-349	-26,760	5,189	-17,289	-9,185	51,347	12,517	-23,782	-26,451	66,490	3,051
Tax	-1,395	-2,478	-31,209	0	0	-986	0	0	-10,783	-2,879	0	0	-18,617	-854
Profit After Tax	5,949	10,562	133,048	-349	-26,760	4,203	-17,289	-9,185	40,564	9,638	-23,782	-26,451	47,873	2,197
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	5,949	10,562	133,048	-349	-26,760	4,203	-17,289	-9,185	40,564	9,638	-23,782	-26,451	47,873	2,197
Employee Costs	660,027	629,406	607,346	601,842	608,215	541,419	544,547	403,875	353,713	308,829	214,346	247,110	206,325	186,968
Number Of Employees	23	22	22	22	22	20	20	15	14	13	9	11	9	8
EBITDA*	44,883	67,966	212,293	50,901	26,102	21,051	8,152	20,263	101,727	57,584	25,360	17,441	116,146	33,346

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	56,556	69,254	100,598	143,422	194,681	146,472	76,569	102,091	117,177	91,201	92,035	114,998	92,201	33,990
Intangible Assets	0	0	0	0	0	0	0	0	0	18,966	37,935	56,904	75,873	94,842
Investments & Other	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
Total Fixed Assets	56,556	69,254	100,598	143,422	194,681	146,472	76,569	102,091	117,177	110,167	129,970	171,902	168,074	128,832
Stock & work in progress	10,530	11,270	11,127	9,780	13,733	9,144	9,885	12,444	11,909	10,654	8,757	7,878	7,500	7,311
Trade Debtors	85,768	113,216	100,088	91,793	78,092	106,126	73,773	85,535	96,748	84,893	59,974	64,781	59,728	47,984
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	318,997	203,268	208,921	13,027	5,514	71,999	52,610	12,324	24,668	9,182	21,948	17,837	17,110	1,722
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	415,295	327,754	320,136	114,600	97,339	187,269	136,268	110,303	133,325	104,729	90,679	90,496	84,338	57,017
total assets	471,851	397,008	420,734	258,022	292,020	333,741	212,837	212,394	250,502	214,896	220,649	262,398	252,412	185,849
Bank overdraft	0	0	0	0	0	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
Trade Creditors	269,693	234,881	228,912	158,511	175,391	297,496	175,767	153,222	178,542	181,288	167,844	198,629	152,176	171,665
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	269,693	234,881	228,912	158,511	175,391	297,496	175,767	153,222	178,542	181,288	167,844	198,629	152,176	171,665
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	28,693	4,135	39,410	72,059	101,327	0	0	0	0	8,645	26,840	19,500	35,850	10,050
provisions	23,147	13,623	18,605	26,693	14,194	8,377	13,405	18,218	21,821	15,288	25,928	20,450	14,116	1,737
total long term liabilities	51,840	17,758	58,015	98,752	115,521	8,377	13,405	18,218	21,821	23,933	52,768	39,950	49,966	11,787
total liabilities	321,533	252,639	286,927	257,263	290,912	305,873	189,172	171,440	200,363	205,221	220,612	238,579	202,142	183,452
net assets	150,318	144,369	133,807	759	1,108	27,868	23,665	40,954	50,139	9,675	37	23,819	50,270	2,397
total shareholders funds	150,318	144,369	133,807	759	1,108	27,868	23,665	40,954	50,139	9,675	37	23,819	50,270	2,397

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-3,754	11,494	164,146	-358	-27,051	4,877	-17,370	-9,277	51,262	12,439	-23,881	-26,538	66,443	3,047
Depreciation	48,637	56,472	48,147	51,259	53,153	16,174	25,522	29,540	31,499	26,176	30,272	25,010	30,734	11,330
Amortisation	0	0	0	0	0	0	0	0	18,966	18,969	18,969	18,969	18,969	18,969
Tax	-1,395	-2,478	-31,209	0	0	-986	0	0	-10,783	-2,879	0	0	-18,617	-854
Stock	-740	143	1,347	-3,953	4,589	-741	-2,559	535	1,255	1,897	879	378	189	7,311
Debtors	-27,448	13,128	8,295	13,701	-28,034	32,353	-11,762	-11,213	11,855	24,919	-4,807	5,053	11,744	47,984
Creditors	34,812	5,969	70,401	-16,880	-122,105	121,729	22,545	-25,320	-2,746	13,444	-30,785	46,453	-19,489	171,665
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	9,524	-4,982	-8,088	12,499	5,817	-5,028	-4,813	-3,603	6,533	-10,640	5,478	6,334	12,379	1,737
Cash flow from operations	116,012	53,204	233,755	36,772	-66,741	105,154	40,205	2,018	81,621	30,693	3,981	64,797	78,486	150,599
Investing Activities
capital expenditure	-35,939	-25,128	-5,323	0	-101,362	-86,077	0	-14,454	-57,475	-25,342	-7,309	-47,807	-88,945	-159,131
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-35,939	-25,128	-5,323	0	-101,362	-86,077	0	-14,454	-57,475	-25,342	-7,309	-47,807	-88,945	-159,131
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	24,558	-35,275	-32,649	-29,268	101,327	0	0	0	-8,645	-18,195	7,340	-16,350	25,800	10,050
share issue	0	0	0	0	0	0	0	0	-100	0	0	0	0	200
interest	11,098	1,546	111	9	291	312	81	92	85	78	99	87	47	4
cash flow from financing	35,656	-33,729	-32,538	-29,259	101,618	312	81	92	-8,660	-18,117	7,439	-16,263	25,847	10,254
cash and cash equivalents
cash	115,729	-5,653	195,894	7,513	-66,485	19,389	40,286	-12,344	15,486	-12,766	4,111	727	15,388	1,722
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	115,729	-5,653	195,894	7,513	-66,485	19,389	40,286	-12,344	15,486	-12,766	4,111	727	15,388	1,722

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SURMAN & HORWOOD FUNERAL SERVICES LIMITED group structure

Surman & Horwood Funeral Services Limited has no subsidiary companies.

Ultimate parent company

SURMAN & HORWOOD FUNERAL SERVICES LIMITED

05069560

SURMAN & HORWOOD FUNERAL SERVICES LIMITED Shareholders

richard horwood surman	25%
carol surman	25%
robert william surman	25%
christine surman	25%

Surman & Horwood Funeral Services Limited currently has 1 director, Mr Robert Surman serving since Mar 2004.

officer	country	age	start	end	role
Mr Robert Surman	United Kingdom	71 years	Mar 2004	-	Director

P&L

March 2023

turnover

1.7m

-8%

operating profit

-3.8k

gross margin

56.2%

-5.39%

turnover

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

Balance Sheet

March 2023

net assets

150.3k

+0.04%

total assets

471.9k

+0.19%

cash

319k

+0.57%

net assets

Total assets minus all liabilities

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company number

05069560

Type

Private limited with Share Capital

industry

96030 - Funeral and related activities

incorporation date

March 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

first floor 1 des roches square, witan way, witney, oxfordshire, OX28 4BE

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.

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surman & horwood funeral services limited Company Information

surman & horwood funeral services limited Estimated Valuation

surman & horwood funeral services limited Estimated Valuation

surman & horwood funeral services limited Estimated Valuation

Surman & Horwood Funeral Services Limited Overview

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SURMAN & HORWOOD FUNERAL SERVICES LIMITED financials

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surman & horwood funeral services limited Ownership

surman & horwood funeral services limited directors

surman & horwood funeral services limited company details

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