howden joinery properties limited

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howden joinery properties limited Company Information

Share HOWDEN JOINERY PROPERTIES LIMITED

Company Number

05656171

Directors

Theresa Keating

Paul Hayes

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Shareholders

howden joinery ltd

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

105 wigmore street, london, W1U 1QY

howden joinery properties limited Estimated Valuation

£65.1m

Pomanda estimates the enterprise value of HOWDEN JOINERY PROPERTIES LIMITED at £65.1m based on a Turnover of £76.7m and 0.85x industry multiple (adjusted for size and gross margin).

howden joinery properties limited Estimated Valuation

£99.8m

Pomanda estimates the enterprise value of HOWDEN JOINERY PROPERTIES LIMITED at £99.8m based on an EBITDA of £16.1m and a 6.21x industry multiple (adjusted for size and gross margin).

howden joinery properties limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HOWDEN JOINERY PROPERTIES LIMITED at £0 based on Net Assets of £-11.8m and 2.13x industry multiple (adjusted for liquidity).

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Howden Joinery Properties Limited Overview

Howden Joinery Properties Limited is a live company located in london, W1U 1QY with a Companies House number of 05656171. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2005, it's largest shareholder is howden joinery ltd with a 100% stake. Howden Joinery Properties Limited is a mature, large sized company, Pomanda has estimated its turnover at £76.7m with healthy growth in recent years.

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Howden Joinery Properties Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £76.7m, make it larger than the average company (£4.8m)

£76.7m - Howden Joinery Properties Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.7%)

9% - Howden Joinery Properties Limited

6.7% - Industry AVG

production

Production

with a gross margin of 15.1%, this company has a higher cost of product (38.2%)

15.1% - Howden Joinery Properties Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of 15.4% make it more profitable than the average company (5.7%)

15.4% - Howden Joinery Properties Limited

5.7% - Industry AVG

employees

Employees

with 448 employees, this is above the industry average (27)

448 - Howden Joinery Properties Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Howden Joinery Properties Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £171.2k, this is equally as efficient (£171.3k)

£171.2k - Howden Joinery Properties Limited

£171.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (42 days)

0 days - Howden Joinery Properties Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (32 days)

9 days - Howden Joinery Properties Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Howden Joinery Properties Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (22 weeks)

1 weeks - Howden Joinery Properties Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 102.7%, this is a higher level of debt than the average (62.6%)

102.7% - Howden Joinery Properties Limited

62.6% - Industry AVG

HOWDEN JOINERY PROPERTIES LIMITED financials

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Howden Joinery Properties Limited's latest turnover from December 2023 is £76.7 million and the company has net assets of -£11.8 million. According to their latest financial statements, we estimate that Howden Joinery Properties Limited has 448 employees and maintains cash reserves of £3.5 million 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
Turnover76,699,00071,243,00063,166,00059,411,00060,516,00056,366,00053,759,00047,882,00045,200,00040,790,00036,248,00035,728,00033,235,00033,128,00030,913,000
Other Income Or Grants
Cost Of Sales65,139,00060,502,00053,306,00051,533,00056,776,00050,110,00047,693,00042,988,00040,181,00036,970,00033,565,00033,189,00030,365,00030,056,00029,044,000
Gross Profit11,560,00010,741,0009,860,0007,878,0003,740,0006,256,0006,066,0004,894,0005,019,0003,820,0002,683,0002,539,0002,870,0003,072,0001,869,000
Admin Expenses-265,0001,923,0001,771,000835,000856,0004,163,0003,961,0003,886,0003,746,0003,133,0001,961,0001,680,0001,244,0002,051,0001,021,000
Operating Profit11,825,0008,818,0008,089,0007,043,0002,884,0002,093,0002,105,0001,008,0001,273,000687,000722,000859,0001,626,0001,021,000848,000
Interest Payable9,116,0006,858,0005,438,0005,141,0003,000573,000507,0001,046,0001,0001,0001,0002,0004,00010,000
Interest Receivable
Pre-Tax Profit2,709,0001,960,0002,651,0001,902,0002,881,0002,093,0001,532,000501,000227,000686,000721,000858,0001,624,000950,000809,000
Tax-98,000-1,057,000168,000-561,000-1,188,000-808,000-917,000-570,000-539,000-372,000-283,000-150,000-1,039,000-303,000-655,000
Profit After Tax2,611,000903,0002,819,0001,341,0001,693,0001,285,000615,000-69,000-312,000314,000438,000708,000585,000647,000154,000
Dividends Paid1,284,000234,000334,0001,335,0002,000,0002,000,000
Retained Profit2,611,000903,0002,819,0001,341,000409,0001,051,000615,000-69,000-646,000-1,021,000-1,562,000-1,292,000585,000647,000154,000
Employee Costs24,159,26822,595,76018,387,95616,824,53615,813,76014,082,376
Number Of Employees448440432409400380377336303274244242232241
EBITDA*16,058,00012,258,00057,116,00054,437,0006,990,0005,364,0005,232,0003,865,0004,492,0002,752,0002,363,0002,308,0002,808,0001,959,0001,719,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets53,205,00045,849,000346,899,000317,927,00033,729,00030,959,00029,951,00028,583,00025,702,00022,061,00018,931,00016,419,00014,961,00014,250,0009,750,000
Intangible Assets366,616,000344,646,000
Investments & Other206,00079,000
Debtors (Due After 1 year)
Total Fixed Assets419,821,000390,495,000346,899,000317,927,00033,935,00031,038,00029,951,00028,583,00025,702,00022,061,00018,931,00016,419,00014,961,00014,250,0009,750,000
Stock & work in progress
Trade Debtors98,000206,000188,000174,00043,000293,000154,000308,000276,00040,00059,00043,000113,000109,000
Group Debtors77,169,00093,944,000142,198,00073,810,00097,013,000129,415,00047,482,00043,218,00034,281,00025,064,00022,318,00014,179,0009,682,000545,000
Misc Debtors8,140,00020,698,00010,026,0007,678,00014,759,00013,581,00012,893,00012,411,00011,007,00010,199,0009,531,0008,944,0008,975,0008,152,0007,768,000
Cash3,483,0003,471,000
misc current assets
total current assets11,721,000101,338,000104,176,000150,064,00088,743,000110,637,000142,601,00060,047,00054,533,00044,756,00034,635,00031,321,00023,197,00017,947,0008,422,000
total assets431,542,000491,833,000451,075,000467,991,000122,678,000141,675,000172,552,00088,630,00080,235,00066,817,00053,566,00047,740,00038,158,00032,197,00018,172,000
Bank overdraft
Bank loan
Trade Creditors 1,652,0001,309,0001,290,00037,000221,000987,000981,000760,000568,000125,0001,0007,000393,000130,00076,000
Group/Directors Accounts66,200,000138,030,000142,685,000183,377,000105,478,000124,773,000157,951,00076,689,00069,581,00058,402,00045,970,00038,766,00030,256,00024,755,00012,828,000
other short term finances
hp & lease commitments54,341,00062,722,00035,312,00045,057,000
other current liabilities1,066,0001,248,000811,000655,00015,214,00014,629,00013,125,00011,317,00010,033,0007,501,0005,934,0005,677,0004,873,0005,123,0003,791,000
total current liabilities123,259,000203,309,000180,098,000229,126,000120,913,000140,389,000172,057,00088,766,00080,182,00066,028,00051,905,00044,450,00035,522,00030,008,00016,695,000
loans
hp & lease commitments320,034,000302,885,000286,241,000256,870,000
Accruals and Deferred Income
other liabilities
provisions71,0001,000261,000245,000365,000455,000306,000373,000427,000565,000500,000
total long term liabilities320,034,000302,885,000286,241,000256,870,00071,0001,000261,000245,000365,000455,000306,000373,000427,000565,000500,000
total liabilities443,293,000506,194,000466,339,000485,996,000120,984,000140,390,000172,318,00089,011,00080,547,00066,483,00052,211,00044,823,00035,949,00030,573,00017,195,000
net assets-11,751,000-14,361,000-15,264,000-18,005,0001,694,0001,285,000234,000-381,000-312,000334,0001,355,0002,917,0002,209,0001,624,000977,000
total shareholders funds-11,751,000-14,361,000-15,264,000-18,005,0001,694,0001,285,000234,000-381,000-312,000334,0001,355,0002,917,0002,209,0001,624,000977,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit11,825,0008,818,0008,089,0007,043,0002,884,0002,093,0002,105,0001,008,0001,273,000687,000722,000859,0001,626,0001,021,000848,000
Depreciation4,233,0003,440,00049,027,00047,394,0004,106,0003,271,0003,127,0002,857,0003,219,0002,065,0001,641,0001,449,0001,182,000938,000871,000
Amortisation
Tax-98,000-1,057,000168,000-561,000-1,188,000-808,000-917,000-570,000-539,000-372,000-283,000-150,000-1,039,000-303,000-655,000
Stock
Debtors-89,629,000-6,309,000-45,888,00061,321,000-21,894,000-31,964,00082,554,0005,514,0009,777,00010,121,0003,314,0008,124,0005,250,0009,525,0008,422,000
Creditors343,00019,0001,253,000-184,000-766,0006,000221,000192,000443,000124,000-6,000-386,000263,00054,00076,000
Accruals and Deferred Income-182,000437,000156,000-14,559,000585,0001,504,0001,808,0001,284,0002,532,0001,567,000257,000804,000-250,0001,332,0003,791,000
Deferred Taxes & Provisions-71,00070,000-260,00016,000-120,000-90,000149,000-67,000-54,000-138,00065,000500,000
Cash flow from operations105,750,00017,966,000104,581,000-22,259,00027,585,00037,770,000-76,194,000-863,000-2,939,000-5,901,000-1,050,000-5,602,000-3,606,000-6,418,000-2,991,000
Investing Activities
capital expenditure-33,559,000-47,036,000-77,999,000-331,592,000-6,876,000-4,279,000-4,495,000-5,738,000-6,860,000-5,195,000-4,153,000-2,907,000-1,893,000-5,438,000-10,621,000
Change in Investments-206,000127,00079,000
cash flow from investments-33,559,000-47,036,000-77,999,000-331,386,000-7,003,000-4,358,000-4,495,000-5,738,000-6,860,000-5,195,000-4,153,000-2,907,000-1,893,000-5,438,000-10,621,000
Financing Activities
Bank loans
Group/Directors Accounts-71,830,000-4,655,000-40,692,00077,899,000-19,295,000-33,178,00081,262,0007,108,00011,179,00012,432,0007,204,0008,510,0005,501,00011,927,00012,828,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments8,768,00044,054,00019,626,000301,927,000
other long term liabilities
share issue-1,000-78,000-21,040,0002,000,000823,000
interest-9,116,000-6,858,000-5,438,000-5,141,000-3,000-573,000-507,000-1,046,000-1,000-1,000-1,000-2,000-4,000-10,000
cash flow from financing-72,179,00032,541,000-26,582,000353,645,000-19,298,000-33,178,00080,689,0006,601,00010,133,00012,431,0007,203,00010,509,0005,499,00011,923,00013,641,000
cash and cash equivalents
cash12,0003,471,000
overdraft
change in cash12,0003,471,000

howden joinery properties 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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Howden Joinery Properties Limited Competitor Analysis

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Perform a competitor analysis for howden joinery properties limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in W1U area or any other competitors across 12 key performance metrics.

howden joinery properties limited Ownership

HOWDEN JOINERY PROPERTIES LIMITED group structure

Howden Joinery Properties Limited has no subsidiary companies.

Ultimate parent company

2 parents

HOWDEN JOINERY PROPERTIES LIMITED

05656171

HOWDEN JOINERY PROPERTIES LIMITED Shareholders

howden joinery ltd 100%

howden joinery properties limited directors

Howden Joinery Properties Limited currently has 3 directors. The longest serving directors include Miss Theresa Keating (May 2014) and Mr Paul Hayes (Dec 2020).

officercountryagestartendrole
Miss Theresa KeatingEngland61 years May 2014- Director
Mr Paul HayesUnited Kingdom58 years Dec 2020- Director
Mr Andrew WittsEngland64 years Aug 2024- Director

P&L

December 2023

turnover

76.7m

+8%

operating profit

11.8m

+34%

gross margin

15.1%

-0.03%

turnover

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

Balance Sheet

December 2023

net assets

-11.8m

-0.18%

total assets

431.5m

-0.12%

cash

3.5m

0%

net assets

Total assets minus all liabilities

howden joinery properties limited company details

company number

05656171

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 2005

age

20

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

casefloor limited (May 2006)

accountant

-

auditor

KPMG LLP

address

105 wigmore street, london, W1U 1QY

Bank

-

Legal Advisor

-

howden joinery properties 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 5 charges/mortgages relating to howden joinery properties limited. Currently there are 0 open charges and 5 have been satisfied in the past.

howden joinery properties 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.

Click to start generating capital raising & share issue transactions for HOWDEN JOINERY PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.

howden joinery properties limited Companies House Filings - See Documents

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