simpkins jewellers limited

4.5

simpkins jewellers limited Company Information

Share SIMPKINS JEWELLERS LIMITED
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Company Number

05544813

Registered Address

34 the newlands, witham, essex, CM8 2AP

Industry

Retail sale of watches and jewellery in specialised stores

 

Telephone

01376513679

Next Accounts Due

June 2024

Group Structure

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Directors

Joanne Simpkins18 Years

Peter Simpkins18 Years

Shareholders

peter simpkins 50%

joanne louise wigfield 50%

simpkins jewellers limited Estimated Valuation

£182.2k

Pomanda estimates the enterprise value of SIMPKINS JEWELLERS LIMITED at £182.2k based on a Turnover of £584.4k and 0.31x industry multiple (adjusted for size and gross margin).

simpkins jewellers limited Estimated Valuation

£162.5k

Pomanda estimates the enterprise value of SIMPKINS JEWELLERS LIMITED at £162.5k based on an EBITDA of £61k and a 2.66x industry multiple (adjusted for size and gross margin).

simpkins jewellers limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SIMPKINS JEWELLERS LIMITED at £1.1m based on Net Assets of £421.8k and 2.66x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from September 2022 

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Simpkins Jewellers Limited Overview

Simpkins Jewellers Limited is a live company located in essex, CM8 2AP with a Companies House number of 05544813. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in August 2005, it's largest shareholder is peter simpkins with a 50% stake. Simpkins Jewellers Limited is a established, small sized company, Pomanda has estimated its turnover at £584.4k with high growth in recent years.

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Simpkins Jewellers Limited Health Check

Pomanda's financial health check has awarded Simpkins Jewellers Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £584.4k, make it smaller than the average company (£6.3m)

£584.4k - Simpkins Jewellers Limited

£6.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (8%)

16% - Simpkins Jewellers Limited

8% - Industry AVG

production

Production

with a gross margin of 20.7%, this company has a higher cost of product (34.4%)

20.7% - Simpkins Jewellers Limited

34.4% - Industry AVG

profitability

Profitability

an operating margin of 9.2% make it more profitable than the average company (7.5%)

9.2% - Simpkins Jewellers Limited

7.5% - Industry AVG

employees

Employees

with 12 employees, this is below the industry average (22)

12 - Simpkins Jewellers Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £30k, the company has an equivalent pay structure (£30k)

£30k - Simpkins Jewellers Limited

£30k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £48.7k, this is less efficient (£202.5k)

£48.7k - Simpkins Jewellers Limited

£202.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 78 days, this is later than average (16 days)

78 days - Simpkins Jewellers Limited

16 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 112 days, this is slower than average (41 days)

112 days - Simpkins Jewellers Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 274 days, this is more than average (188 days)

274 days - Simpkins Jewellers Limited

188 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (22 weeks)

27 weeks - Simpkins Jewellers Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.2%, this is a lower level of debt than the average (56.2%)

30.2% - Simpkins Jewellers Limited

56.2% - Industry AVG

simpkins jewellers 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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Simpkins Jewellers Limited Competitor Analysis

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Perform a competitor analysis for simpkins jewellers limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

simpkins jewellers limited Ownership

SIMPKINS JEWELLERS LIMITED group structure

Simpkins Jewellers Limited has no subsidiary companies.

Ultimate parent company

SIMPKINS JEWELLERS LIMITED

05544813

SIMPKINS JEWELLERS LIMITED Shareholders

peter simpkins 50%
joanne louise wigfield 50%

simpkins jewellers limited directors

Simpkins Jewellers Limited currently has 2 directors. The longest serving directors include Mrs Joanne Simpkins (Aug 2005) and Mr Peter Simpkins (Aug 2005).

officercountryagestartendrole
Mrs Joanne Simpkins51 years Aug 2005- Director
Mr Peter SimpkinsUnited Kingdom55 years Aug 2005- Director

SIMPKINS JEWELLERS LIMITED financials

EXPORTms excel logo

Simpkins Jewellers Limited's latest turnover from September 2022 is estimated at £584.4 thousand and the company has net assets of £421.8 thousand. According to their latest financial statements, Simpkins Jewellers Limited has 12 employees and maintains cash reserves of £76.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover584,390545,086273,838375,666335,362852,372245,983232,647181,644280,135207,826216,427112,0290
Other Income Or Grants00000000000000
Cost Of Sales463,637444,323213,188276,075240,252624,529185,943157,383130,224195,028141,950152,70575,3250
Gross Profit120,753100,76360,65099,59195,111227,84360,04075,26451,41985,10765,87663,72236,7040
Admin Expenses66,98767,465-16,05780,932110,765208,18010,89954,93350,82822,88316,1107,020-20,506-65,816
Operating Profit53,76633,29876,70718,659-15,65419,66349,14120,33159162,22449,76656,70257,21065,816
Interest Payable01,5251,52500000000000
Interest Receivable1,286749654623713125445936626520425422865
Pre-Tax Profit55,05231,84775,27819,205-15,41719,79449,39520,79095762,48849,97056,95557,43865,881
Tax-10,460-6,051-14,303-3,6490-3,761-9,879-4,158-201-14,372-11,993-14,808-16,082-18,447
Profit After Tax44,59225,79660,97515,556-15,41716,03339,51616,63275648,11637,97742,14741,35547,434
Dividends Paid00000000000000
Retained Profit44,59225,79660,97515,556-15,41716,03339,51616,63275648,11637,97742,14741,35547,434
Employee Costs359,840278,222232,643242,758259,59486,43444,21323,73524,60249,47426,35525,48428,6270
Number Of Employees1211101011421121110
EBITDA*61,03539,34679,69322,173-11,73619,66352,39024,4814,25065,53153,44560,38860,26171,474

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets41,91247,77616,92319,90922,22730,94518,38919,75020,73218,73920,82720,88917,27618,452
Intangible Assets00000000000000
Investments & Other4,8004,8004,8004,8004,80004,8000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets46,71252,57621,72324,70927,02730,94523,18919,75020,73218,73920,82720,88917,27618,452
Stock & work in progress348,542335,842365,719376,870356,9590285,498262,535233,581249,511242,271244,02286,49081,903
Trade Debtors125,142151,8565,9978,0231,656408,83416,17915,95212,08424,02019,56415,89314,8177,087
Group Debtors00000000000000
Misc Debtors7,2148,26719,66328,64630,027000000000
Cash76,37237,969109,46382,58363,0730104,86398,11285,65260,79245,11236,33165,19025,848
misc current assets0000021,30500000000
total current assets557,270533,934500,842496,122451,715430,139406,540376,599331,317334,323306,947296,246166,497114,838
total assets603,982586,510522,565520,831478,742461,084429,729396,349352,049353,062327,774317,135183,773133,290
Bank overdraft0073900000000000
Bank loan00000000000000
Trade Creditors 142,848158,86565,03368,62466,41390,373152,246158,204130,454132,761155,341182,88992,58983,597
Group/Directors Accounts0000079,56000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities0053,120158,243133,530000000000
total current liabilities142,848158,865118,892226,867199,943169,933152,246158,204130,454132,761155,341182,88992,58983,597
loans0049,26100000000000
hp & lease commitments00000000000000
Accruals and Deferred Income2,2362,2250001,18500000000
other liabilities29,16739,167000000000000
provisions7,9639,0773,0323,5593,95003,2503,4283,5102,9723,2203,0102,0951,959
total long term liabilities39,36650,46952,2933,5593,9501,1853,2503,4283,5102,9723,2203,0102,0951,959
total liabilities182,214209,334171,185230,426203,893171,118155,496161,632133,964135,733158,561185,89994,68485,556
net assets421,768377,176351,380290,405274,849289,966274,233234,717218,085217,329169,213131,23689,08947,734
total shareholders funds421,768377,176351,380290,405274,849289,966274,233234,717218,085217,329169,213131,23689,08947,734
Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit53,76633,29876,70718,659-15,65419,66349,14120,33159162,22449,76656,70257,21065,816
Depreciation7,2696,0482,9863,5143,91803,2494,1503,6593,3073,6793,6863,0515,658
Amortisation00000000000000
Tax-10,460-6,051-14,303-3,6490-3,761-9,879-4,158-201-14,372-11,993-14,808-16,082-18,447
Stock12,700-29,877-11,15119,911356,959-285,49822,96328,954-15,9307,240-1,751157,5324,58781,903
Debtors-27,767134,463-11,0094,986-377,151392,6552273,868-11,9364,4563,6711,0767,7307,087
Creditors-16,01793,832-3,5912,211-23,960-61,873-5,95827,750-2,307-22,580-27,54890,3008,99283,597
Accruals and Deferred Income11-50,895-105,12324,713132,3451,18500000000
Deferred Taxes & Provisions-1,1146,045-527-3913,950-3,250-178-82538-2482109151361,959
Cash flow from operations48,522-22,309-21,69120,160120,791-155,19313,18515,16930,14616,63512,194-21,81340,99049,593
Investing Activities
capital expenditure-1,405-36,9010-1,1964,800-12,556-1,888-3,168-5,652-1,219-3,617-7,299-1,875-24,110
Change in Investments00004,800-4,8004,8000000000
cash flow from investments-1,405-36,9010-1,1960-7,756-6,688-3,168-5,652-1,219-3,617-7,299-1,875-24,110
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000-79,56079,56000000000
Other Short Term Loans 00000000000000
Long term loans0-49,26149,26100000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-10,00039,167000000000000
share issue0000300-3000000000300
interest1,286-1,451-1,42954623713125445936626520425422865
cash flow from financing-8,714-11,54547,832546-79,02379,391254459366265204254228365
cash and cash equivalents
cash38,403-71,49426,88019,51063,073-104,8636,75112,46024,86015,6808,781-28,85939,34225,848
overdraft0-73973900000000000
change in cash38,403-70,75526,14119,51063,073-104,8636,75112,46024,86015,6808,781-28,85939,34225,848

P&L

September 2022

turnover

584.4k

+7%

operating profit

53.8k

0%

gross margin

20.7%

+11.78%

turnover

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

Balance Sheet

September 2022

net assets

421.8k

+0.12%

total assets

604k

+0.03%

cash

76.4k

+1.01%

net assets

Total assets minus all liabilities

simpkins jewellers limited company details

company number

05544813

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

August 2005

age

19

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

34 the newlands, witham, essex, CM8 2AP

last accounts submitted

September 2022

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

charges

simpkins jewellers limited Companies House Filings - See Documents

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