simpson patterns limited

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simpson patterns limited Company Information

Share SIMPSON PATTERNS LIMITED

Company Number

05405838

Shareholders

mark rixham

alex goddard limited

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Group Structure

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Industry

Machining

 +3

Registered Address

parkway avenue, sheffield, S9 4UL

simpson patterns limited Estimated Valuation

£853k

Pomanda estimates the enterprise value of SIMPSON PATTERNS LIMITED at £853k based on a Turnover of £1.9m and 0.45x industry multiple (adjusted for size and gross margin).

simpson patterns limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SIMPSON PATTERNS LIMITED at £0 based on an EBITDA of £-4.7k and a 3.58x industry multiple (adjusted for size and gross margin).

simpson patterns limited Estimated Valuation

£382.4k

Pomanda estimates the enterprise value of SIMPSON PATTERNS LIMITED at £382.4k based on Net Assets of £227.8k and 1.68x industry multiple (adjusted for liquidity).

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Simpson Patterns Limited Overview

Simpson Patterns Limited is a live company located in sheffield, S9 4UL with a Companies House number of 05405838. It operates in the manufacture of other products of wood sector, SIC Code 16290. Founded in March 2005, it's largest shareholder is mark rixham with a 27.6% stake. Simpson Patterns Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Simpson Patterns Limited Health Check

Pomanda's financial health check has awarded Simpson Patterns Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £1.9m, make it smaller than the average company (£14.7m)

£1.9m - Simpson Patterns Limited

£14.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (9%)

14% - Simpson Patterns Limited

9% - Industry AVG

production

Production

with a gross margin of 28.5%, this company has a comparable cost of product (28.5%)

28.5% - Simpson Patterns Limited

28.5% - Industry AVG

profitability

Profitability

an operating margin of -2.7% make it less profitable than the average company (6.1%)

-2.7% - Simpson Patterns Limited

6.1% - Industry AVG

employees

Employees

with 26 employees, this is below the industry average (92)

26 - Simpson Patterns Limited

92 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.8k, the company has an equivalent pay structure (£39.8k)

£39.8k - Simpson Patterns Limited

£39.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £73.2k, this is less efficient (£159k)

£73.2k - Simpson Patterns Limited

£159k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 44 days, this is near the average (51 days)

44 days - Simpson Patterns Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 60 days, this is slower than average (41 days)

60 days - Simpson Patterns Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 11 days, this is less than average (57 days)

11 days - Simpson Patterns Limited

57 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (15 weeks)

6 weeks - Simpson Patterns Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 70.9%, this is a higher level of debt than the average (47.3%)

70.9% - Simpson Patterns Limited

47.3% - Industry AVG

SIMPSON PATTERNS LIMITED financials

EXPORTms excel logo

Simpson Patterns Limited's latest turnover from April 2024 is estimated at £1.9 million and the company has net assets of £227.8 thousand. According to their latest financial statements, Simpson Patterns Limited has 26 employees and maintains cash reserves of £47.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover1,902,1431,478,0401,610,4591,269,8381,619,2211,530,8481,414,8051,087,683742,278952,210722,040727,946836,073807,478645,145
Other Income Or Grants
Cost Of Sales1,359,9841,083,0661,166,592926,4161,165,1541,106,5111,010,017764,776525,061673,084513,770516,811598,455565,409446,309
Gross Profit542,159394,974443,867343,422454,067424,337404,788322,907217,218279,126208,271211,135237,618242,070198,837
Admin Expenses593,480508,017450,496305,388393,090359,320392,940297,602205,209265,536202,758167,608151,883241,371198,605
Operating Profit-51,321-113,043-6,62938,03460,97765,01711,84825,30512,00913,5905,51343,52785,735699232
Interest Payable3,0946,2924,7341,525788178334257
Interest Receivable4,2943,5391,2191936321427416218250242338120
Pre-Tax Profit-50,121-115,797-10,14536,70261,04165,23112,12225,38912,11013,6405,75643,86585,778365-25
Tax-6,973-11,598-12,394-2,303-4,824-2,422-2,728-1,209-10,089-20,587-95
Profit After Tax-50,121-115,797-10,14529,72949,44352,8379,81920,5659,68810,9124,54733,77665,191270-25
Dividends Paid
Retained Profit-50,121-115,797-10,14529,72949,44352,8379,81920,5659,68810,9124,54733,77665,191270-25
Employee Costs1,034,231825,506786,021710,967772,214822,643667,899593,531211,463235,806201,716197,905223,885223,067187,043
Number Of Employees26222221232521197877887
EBITDA*-4,731-58,57145,58288,111121,265111,17146,60547,02629,78631,19422,81462,967100,50120,96323,641

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets186,392213,691214,250215,622231,167283,41095,36450,21366,55861,62870,91273,19967,89584,95499,083
Intangible Assets2,6673,6674,667
Investments & Other
Debtors (Due After 1 year)156,067112,452235,075
Total Fixed Assets342,459326,143449,325215,622231,167286,07799,03154,88066,55861,62870,91273,19967,89584,95499,083
Stock & work in progress42,16928,59818,45616,70511,8029,84110,95610,65611,77511,91112,42913,05413,5005,8807,806
Trade Debtors230,121200,436312,379216,721323,370290,772292,430232,568207,354237,415180,064143,530189,725179,230131,882
Group Debtors
Misc Debtors120,57571,486108,48450,266112,593134,38372,53552,84620,6663,1703,248
Cash47,482116,08750,441274,547112,33314,51542,63866,85362,36310,4479,58487,36547,964
misc current assets
total current assets440,347416,607489,760558,239560,098449,511418,559362,923302,158259,773202,077243,949251,189188,280142,936
total assets782,806742,750939,085773,861791,265735,588517,590417,803368,716321,401272,989317,148319,084273,234242,019
Bank overdraft2,490
Bank loan10,00010,00010,0003,333
Trade Creditors 224,987151,138173,160153,828149,522157,437155,14670,38299,820194,624147,612197,241227,484225,282168,244
Group/Directors Accounts2,51834,100
other short term finances47,776
hp & lease commitments25,66932,548
other current liabilities151,790164,62082,546167,188133,192147,341190,568194,575130,901
total current liabilities386,777325,758341,669324,349349,362304,778345,714264,957233,211194,624147,612197,241227,484225,282168,244
loans12,50022,50032,50046,6672,3927,900
hp & lease commitments140,641
Accruals and Deferred Income
other liabilities129,103199,463252,12875,019170,4762,49010,80910,23717,75334,62254,199
provisions26,63134,11336,07540,96843,92252,43716,8227,61110,8359,30610,49910,1488,10110,38311,391
total long term liabilities168,234256,076320,703162,654184,563222,91316,8227,61110,83511,79621,30820,38525,85447,39773,490
total liabilities555,011581,834662,372487,003533,925527,691362,536272,568244,046206,420168,920217,626253,338272,679241,734
net assets227,795160,916276,713286,858257,340207,897155,054145,235124,670114,981104,06999,52265,746555285
total shareholders funds227,795160,916276,713286,858257,340207,897155,054145,235124,670114,981104,06999,52265,746555285
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-51,321-113,043-6,62938,03460,97765,01711,84825,30512,00913,5905,51343,52785,735699232
Depreciation46,59054,47252,21150,07760,28845,15433,75721,38817,77717,60417,30119,44014,76620,26423,409
Amortisation1,0001,000333
Tax-6,973-11,598-12,394-2,303-4,824-2,422-2,728-1,209-10,089-20,587-95
Stock13,57110,1421,7514,9031,961-1,115300-1,119-136-518-625-4467,620-1,9267,806
Debtors122,389-271,564388,951-168,97610,80860,19079,55157,394-9,39557,35136,534-46,1957,32547,270135,130
Creditors73,849-22,02219,3324,306-7,9152,29184,764-29,438-94,80447,012-49,629-30,2432,20257,038168,244
Accruals and Deferred Income-12,83082,074-84,64233,996-14,149-43,227-4,00763,674130,901
Deferred Taxes & Provisions-7,482-1,962-4,893-2,954-8,51535,6159,211-3,2241,529-1,1933512,047-2,282-1,00811,391
Cash flow from operations-87,154260,941-415,323280,55966,31934,38154,41916,93974,52117,452-63,58271,32364,88931,55460,340
Investing Activities
capital expenditure-19,291-53,913-50,839-34,532-5,378-233,200-78,908-10,043-22,707-8,320-15,014-24,7442,293-6,135-122,492
Change in Investments
cash flow from investments-19,291-53,913-50,839-34,532-5,378-233,200-78,908-10,043-22,707-8,320-15,014-24,7442,293-6,135-122,492
Financing Activities
Bank loans6,6673,333
Group/Directors Accounts-2,5182,518-34,10034,100
Other Short Term Loans -47,77647,776
Long term loans-10,000-10,000-14,16746,667-2,392-5,5087,900
Hire Purchase and Lease Commitments-25,66925,669-173,189173,189
other long term liabilities-70,360-52,665177,10975,019-170,476170,476-2,490-8,319572-7,516-16,869-19,57754,199
share issue117,000-21161310
interest1,200-2,753-3,515-1,33263214274841015024233842-334-257
cash flow from financing37,840-141,381242,057-83,81336,876170,69627484-2,388-8,269814-7,178-19,219-25,41962,152
cash and cash equivalents
cash-68,60565,646-224,106162,21497,818-28,123-24,2154,49051,916863-77,78139,40147,964
overdraft-2,4902,490
change in cash-68,60565,646-224,106162,21497,818-28,123-24,2156,98049,426863-77,78139,40147,964

simpson patterns 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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Simpson Patterns Limited Competitor Analysis

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Perform a competitor analysis for simpson patterns limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in S 9 area or any other competitors across 12 key performance metrics.

simpson patterns limited Ownership

SIMPSON PATTERNS LIMITED group structure

Simpson Patterns Limited has no subsidiary companies.

Ultimate parent company

SIMPSON PATTERNS LIMITED

05405838

SIMPSON PATTERNS LIMITED Shareholders

mark rixham 27.62%
alex goddard limited 26.67%
daniel mckernan 24.76%
neemac ltd 19.05%
joanne mckernan 0.95%
deborah jane blackshaw 0.95%

simpson patterns limited directors

Simpson Patterns Limited currently has 4 directors. The longest serving directors include Mr Alexander Goddard (Dec 2021) and Mr Matthew Nestor (Dec 2021).

officercountryagestartendrole
Mr Alexander GoddardEngland28 years Dec 2021- Director
Mr Matthew NestorUnited Kingdom46 years Dec 2021- Director
Mr Alexander GoddardUnited Kingdom28 years Dec 2021- Director
Mr Christopher SeymourEngland51 years Oct 2024- Director

P&L

April 2024

turnover

1.9m

+29%

operating profit

-51.3k

0%

gross margin

28.6%

+6.66%

turnover

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

Balance Sheet

April 2024

net assets

227.8k

+0.42%

total assets

782.8k

+0.05%

cash

47.5k

-0.59%

net assets

Total assets minus all liabilities

simpson patterns limited company details

company number

05405838

Type

Private limited with Share Capital

industry

25620 - Machining

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

22230 - Manufacture of builders’ ware of plastic

incorporation date

March 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

N/A

accountant

BREARLEY & CO ACCOUNTANTS LIMITED

auditor

-

address

parkway avenue, sheffield, S9 4UL

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

simpson patterns 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 3 charges/mortgages relating to simpson patterns limited. Currently there are 2 open charges and 1 have been satisfied in the past.

simpson patterns 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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simpson patterns limited Companies House Filings - See Documents

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