Ofp Timber Framed Homes Ltd

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ofp timber framed homes ltd Company Information

Company Number

05390125

Next Accounts

Sep 2025

Directors

Alastair Narraway

Liam Narraway

View All

Shareholders

chartway group limited

Group Structure

View All

Industry

Roofing activities

Registered Address

4 abbey wood road, kings hill, kent, ME19 4AB

Website

www.ofptimberframe.com

ofp timber framed homes ltd Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of OFP TIMBER FRAMED HOMES LTD at £6.9m based on a Turnover of £13.6m and 0.51x industry multiple (adjusted for size and gross margin).

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Ofp Timber Framed Homes Ltd is a live company located in kent, ME19 4AB with a Companies House number of 05390125. It operates in the manufacture of other products of wood sector, SIC Code 16290. Founded in March 2005, it's largest shareholder is chartway group limited with a 100% stake. Ofp Timber Framed Homes Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £13.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ofp Timber Framed Homes Ltd a 3.5 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 Rating3.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £13.6m, make it larger than the average company (£6.1m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (10.4%)

EXPORT

Ofp Timber Framed Homes Ltd's latest turnover from December 2023 is £13.6 million and the company has net assets of £1.5 million. According to their latest financial statements, Ofp Timber Framed Homes Ltd has 79 employees and maintains cash reserves of £312 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Mar 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	13,641,040	16,768,729	22,934,981	10,949,599	12,118,922	9,477,552	6,470,747	5,674,738	2,965,682	4,179,485	3,038,902	1,973,841	5,575,391	356,479
Other Income Or Grants
Cost Of Sales	10,589,325	13,854,270	21,471,345	7,889,267	8,720,443	6,881,363	4,658,862	4,069,205	2,154,135	2,998,562	2,168,625	1,394,452	3,904,498	240,229
Gross Profit	3,051,715	2,914,459	1,463,636	3,060,332	3,398,478	2,596,189	1,811,885	1,605,533	811,547	1,180,923	870,277	579,389	1,670,893	116,250
Admin Expenses	2,662,481	2,048,062	3,558,787	2,323,561	2,706,180	2,047,027	1,625,112	1,408,581	690,777	1,087,287	779,367	641,338	1,623,300	103,564	-27,260
Operating Profit	389,234	866,397	-2,095,151	736,771	692,298	549,162	186,773	196,952	120,770	93,636	90,910	-61,949	47,593	12,686	27,260
Interest Payable	88,680	67,829	76,018	47,730	60,807	84,217	68,699	30,864
Interest Receivable				270	575	277	1,119	1,195	883	589	312	277
Pre-Tax Profit	300,554	798,568	-2,171,169	689,311	632,065	465,222	119,194	167,284	121,654	94,225	91,222	-61,672	47,593	12,686	27,260
Tax	212,052	-166,187	404,664	-130,969	-120,092	-88,392	-22,647	-33,457	-24,331	-19,787	-20,981		-12,374	-3,552	-7,633
Profit After Tax	512,606	632,381	-1,766,505	558,342	511,973	376,830	96,547	133,827	97,323	74,438	70,241	-61,672	35,219	9,134	19,627
Dividends Paid	322,700
Retained Profit	189,906	632,381	-1,766,505	558,342	511,973	376,830	96,547	133,827	97,323	74,438	70,241	-61,672	35,219	9,134	19,627
Employee Costs	2,372,441	1,554,106	2,789,016	3,046,042	3,076,099	2,217,464	1,641,399	1,277,294	616,211	892,568	665,295	449,992	1,262,398	90,935
Number Of Employees	79	88	88	85	85	63	49	37	18	27	21	14	41	3
EBITDA*	575,626	1,021,336	-2,029,972	893,247	822,146	622,522	233,154	206,556	154,756	107,672	106,097	-42,952	65,547	16,789	28,656

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Mar 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	4,096,969	4,077,088	4,076,358	3,704,902	3,128,053	2,662,954	2,128,621	919,249	144,287	79,064	87,704	90,481	88,810	19,171	28,804
Intangible Assets									220	680	1,259	1,839
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	4,096,969	4,077,088	4,076,358	3,704,902	3,128,053	2,662,954	2,128,621	919,249	144,507	79,744	88,963	92,320	88,810	19,171	28,804
Stock & work in progress	293,175	377,425	632,635	936,638	1,081,516	927,875	566,138	361,769	206,922	144,726	141,111	164,931
Trade Debtors	2,674,399	3,442,797	3,865,828	1,969,166	2,237,898	1,784,646	1,041,524	1,203,439	455,159	743,202	548,777	200,247	871,072	61,307	167,353
Group Debtors						112,666	109,292	110,090	104,240
Misc Debtors	900,690	1,209,259	1,197,853	690,374	537,506	439,416	442,893	393,173	292,111			8,103	51,645
Cash	312	123,293		390,526	150,043	3,173	70,661	824,833	131,401	221,960	13,832	110,864
misc current assets
total current assets	3,868,576	5,152,774	5,696,316	4,195,003	4,181,471	3,267,776	2,230,508	2,893,304	1,189,833	1,109,888	703,720	484,145	922,717	61,307	167,353
total assets	7,965,545	9,229,862	9,772,674	7,899,905	7,309,524	5,930,730	4,359,129	3,812,553	1,334,340	1,189,632	792,683	576,465	1,011,527	80,478	196,157
Bank overdraft	591,808	302,837	630,755			195,332	20,712	10,786
Bank loan	196,859	181,146	145,222	19,278	19,535
Trade Creditors	2,074,897	3,842,282	3,639,816	1,669,848	1,824,302	1,260,972	996,656	688,443	568,784	1,037,616	700,316	548,600	947,541	51,711	176,524
Group/Directors Accounts
other short term finances						84,848	84,848	84,848
hp & lease commitments	133,576	131,581	150,454			67,062	36,521	14,573	19,371
other current liabilities	2,184,472	2,033,757	3,059,745	2,019,552	2,288,562	1,628,557	1,028,114	1,687,820	451,228
total current liabilities	5,181,612	6,491,603	7,625,992	3,708,678	4,132,399	3,236,771	2,166,851	2,486,470	1,039,383	1,037,616	700,316	548,600	947,541	51,711	176,524
loans	633,897	760,482	857,600	1,028,548	497,569	1,004,401	1,105,168	892,006
hp & lease commitments	181,473	156,696	195,875			172,413	135,771	45,174	50,547
Accruals and Deferred Income						583,623	425,000
other liabilities	339,396	381,820	403,032	1,069,667	1,200,032					4,929	19,718	25,457
provisions	156,315	156,315		171,083	115,937	81,908	51,555	10,666
total long term liabilities	1,311,081	1,455,313	1,456,507	2,269,298	1,813,538	1,842,345	1,717,494	947,846	50,547	4,929	19,718	25,457
total liabilities	6,492,693	7,946,916	9,082,499	5,977,976	5,945,937	5,079,116	3,884,345	3,434,316	1,089,930	1,042,545	720,034	574,057	947,541	51,711	176,524
net assets	1,472,852	1,282,946	690,175	1,921,929	1,363,587	851,614	474,784	378,237	244,410	147,087	72,649	2,408	63,986	28,767	19,633
total shareholders funds	1,472,852	1,282,946	690,175	1,921,929	1,363,587	851,614	474,784	378,237	244,410	147,087	72,649	2,408	63,986	28,767	19,633

	Dec 2023	Dec 2022	Mar 2022	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	389,234	866,397	-2,095,151	736,771	692,298	549,162	186,773	196,952	120,770	93,636	90,910	-61,949	47,593	12,686	27,260
Depreciation	186,392	154,939	65,179	156,476	129,848	73,360	46,381	9,384	33,526	13,457	14,607	18,418	17,954	4,103	1,396
Amortisation								220	460	579	580	579
Tax	212,052	-166,187	404,664	-130,969	-120,092	-88,392	-22,647	-33,457	-24,331	-19,787	-20,981		-12,374	-3,552	-7,633
Stock	-84,250	377,425	632,635	-144,878	153,641	361,737	204,369	154,847	62,196	3,615	-23,820	164,931
Debtors	-1,076,967	4,652,056	5,063,681	-115,864	438,676	743,019	-112,993	855,192	108,308	194,425	340,427	-714,367	861,410	-106,046	167,353
Creditors	-1,767,385	3,842,282	3,639,816	-154,454	563,330	264,316	308,213	119,659	-468,832	337,300	151,716	-398,941	895,830	-124,813	176,524
Accruals and Deferred Income	150,715	2,033,757	3,059,745	-269,010	76,382	759,066	-234,706	1,236,592	451,228
Deferred Taxes & Provisions		156,315		55,146	34,029	30,353	40,889	10,666
Cash flow from operations	332,225	1,858,022	-622,063	654,702	783,478	483,109	233,527	529,977	-57,683	227,145	-79,775	107,543	87,593	-5,530	30,194
Investing Activities
capital expenditure				-733,325	-594,947	-607,693	-1,255,753	-784,346	-98,749	-4,817	-11,830	-22,507	-87,593	5,530	-30,200
Change in Investments
cash flow from investments				-733,325	-594,947	-607,693	-1,255,753	-784,346	-98,749	-4,817	-11,830	-22,507	-87,593	5,530	-30,200
Financing Activities
Bank loans	15,713	181,146	145,222	-257	19,535
Group/Directors Accounts
Other Short Term Loans					-84,848			84,848
Long term loans	-126,585	760,482	857,600	530,979	-506,832	-100,767	213,162	892,006
Hire Purchase and Lease Commitments	26,772	288,277	346,329		-239,475	67,183	112,545	-10,171	69,918
other long term liabilities	-42,424	381,820	403,032	-130,365	1,200,032				-4,929	-14,789	-5,739	25,457
share issue		650,565	2,456,680									94			6
interest	-88,680	-67,829	-76,018	-47,460	-60,232	-83,940	-67,580	-29,669	883	589	312	277
cash flow from financing	-215,204	2,194,461	4,132,845	352,897	328,180	-117,524	258,127	937,014	65,872	-14,200	-5,427	25,828			6
cash and cash equivalents
cash	-122,981	123,293		240,483	146,870	-67,488	-754,172	693,432	-90,559	208,128	-97,032	110,864
overdraft	288,971	302,837	630,755		-195,332	174,620	9,926	10,786
change in cash	-411,952	-179,544	-630,755	240,483	342,202	-242,108	-764,098	682,646	-90,559	208,128	-97,032	110,864

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OFP TIMBER FRAMED HOMES LTD group structure

Ofp Timber Framed Homes Ltd has no subsidiary companies.

Ultimate parent company

CHARTWAY PARTNERSHIPS GROUP LIMITED

10842852

CHARTWAY GROUP LIMITED

06896161

2 parents

OFP TIMBER FRAMED HOMES LTD

05390125

OFP TIMBER FRAMED HOMES LTD Shareholders

chartway group limited

100%

Ofp Timber Framed Homes Ltd currently has 8 directors. The longest serving directors include Mr Alastair Narraway (Mar 2005) and Mr Liam Narraway (Oct 2016).

officer	country	age	start	end	role
Mr Alastair Narraway	England	61 years	Mar 2005	-	Director
Mr Liam Narraway	England	36 years	Oct 2016	-	Director
Mr Alex Leroy	England	39 years	Dec 2020	-	Director
Mr Kenneth MacKenzie	England	50 years	Aug 2022	-	Director
Mr Gavin Hunt	England	45 years	Feb 2024	-	Director
Mr Keith Maddin	England	62 years	Feb 2024	-	Director
Mr Steven Cresswell	England	50 years	Feb 2024	-	Director
Mr Graham Chivers	England	44 years	Aug 2024	-	Director

P&L

December 2023

turnover

13.6m

-19%

operating profit

389.2k

-55%

gross margin

22.4%

+28.72%

turnover

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

Balance Sheet

December 2023

net assets

1.5m

+0.15%

total assets

-0.14%

cash

312

-1%

net assets

Total assets minus all liabilities

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company number

05390125

Type

Private limited with Share Capital

industry

16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

43910 - Roofing activities

43210 - Electrical installation

incorporation date

March 2005

ultimate parent company

CHARTWAY PARTNERSHIPS GROUP LIMITED

previous names

N/A

address

4 abbey wood road, kings hill, kent, ME19 4AB

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 5 charges/mortgages relating to ofp timber framed homes ltd. Currently there are 2 open charges and 3 have been satisfied in the past.

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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ofp timber framed homes ltd Company Information

ofp timber framed homes ltd Estimated Valuation

ofp timber framed homes ltd Estimated Valuation

ofp timber framed homes ltd Estimated Valuation

Ofp Timber Framed Homes Ltd Overview

Ofp Timber Framed Homes Ltd Health Check

OFP TIMBER FRAMED HOMES LTD financials

ofp timber framed homes ltd Credit Report and Business Information

Ofp Timber Framed Homes Ltd Competitor Analysis

ofp timber framed homes ltd Ownership

ofp timber framed homes ltd directors

ofp timber framed homes ltd company details

ofp timber framed homes ltd Charges & Mortgages

ofp timber framed homes ltd Capital Raised & Share Issues BETA

ofp timber framed homes ltd Companies House Filings - See Documents