butler traditional wooden boats limited

butler traditional wooden boats limited Company Information

Share BUTLER TRADITIONAL WOODEN BOATS LIMITED
Live 
EstablishedSmallDeclining

Company Number

05883067

Industry

Building of pleasure and sporting boats

 

Directors

Ashley Butler

Shareholders

butler & butler (holdings) limited

Group Structure

View All

Contact

Registered Address

penpol boatyard trolver croft, feock, truro, cornwall, TR3 6RT

butler traditional wooden boats limited Estimated Valuation

£271.5k

Pomanda estimates the enterprise value of BUTLER TRADITIONAL WOODEN BOATS LIMITED at £271.5k based on a Turnover of £659.6k and 0.41x industry multiple (adjusted for size and gross margin).

butler traditional wooden boats limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BUTLER TRADITIONAL WOODEN BOATS LIMITED at £0 based on an EBITDA of £-7.3k and a 3.55x industry multiple (adjusted for size and gross margin).

butler traditional wooden boats limited Estimated Valuation

£468.5k

Pomanda estimates the enterprise value of BUTLER TRADITIONAL WOODEN BOATS LIMITED at £468.5k based on Net Assets of £202.6k and 2.31x industry multiple (adjusted for liquidity).

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Butler Traditional Wooden Boats Limited Overview

Butler Traditional Wooden Boats Limited is a live company located in truro, TR3 6RT with a Companies House number of 05883067. It operates in the building of pleasure and sporting boats sector, SIC Code 30120. Founded in July 2006, it's largest shareholder is butler & butler (holdings) limited with a 100% stake. Butler Traditional Wooden Boats Limited is a established, small sized company, Pomanda has estimated its turnover at £659.6k with declining growth in recent years.

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Butler Traditional Wooden Boats Limited Health Check

Pomanda's financial health check has awarded Butler Traditional Wooden Boats Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

8 Weak

size

Size

annual sales of £659.6k, make it smaller than the average company (£12m)

£659.6k - Butler Traditional Wooden Boats Limited

£12m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (10.6%)

-3% - Butler Traditional Wooden Boats Limited

10.6% - Industry AVG

production

Production

with a gross margin of 26%, this company has a comparable cost of product (26%)

26% - Butler Traditional Wooden Boats Limited

26% - Industry AVG

profitability

Profitability

an operating margin of -2.1% make it less profitable than the average company (4.1%)

-2.1% - Butler Traditional Wooden Boats Limited

4.1% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (99)

7 - Butler Traditional Wooden Boats Limited

99 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)

£41.2k - Butler Traditional Wooden Boats Limited

£41.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £94.2k, this is less efficient (£142.5k)

£94.2k - Butler Traditional Wooden Boats Limited

£142.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (33 days)

5 days - Butler Traditional Wooden Boats Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is quicker than average (43 days)

14 days - Butler Traditional Wooden Boats Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 264 days, this is more than average (47 days)

264 days - Butler Traditional Wooden Boats Limited

47 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)

0 weeks - Butler Traditional Wooden Boats Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.2%, this is a similar level of debt than the average (67.6%)

66.2% - Butler Traditional Wooden Boats Limited

67.6% - Industry AVG

BUTLER TRADITIONAL WOODEN BOATS LIMITED financials

EXPORTms excel logo

Butler Traditional Wooden Boats Limited's latest turnover from December 2023 is estimated at £659.6 thousand and the company has net assets of £202.6 thousand. According to their latest financial statements, Butler Traditional Wooden Boats Limited has 7 employees and maintains cash reserves of £16 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
Turnover659,608698,432679,017725,200495,471440,268313,327372,539176,3991,095,379839,6791,600,8522,339,6681,362,1960
Other Income Or Grants000000000000000
Cost Of Sales488,291521,456519,290573,567382,879338,982238,668290,932138,500819,688631,7391,228,4391,789,8981,042,7840
Gross Profit171,317176,976159,726151,633112,592101,28574,65981,60837,899275,691207,940372,413549,770319,4110
Admin Expenses184,831168,922221,62439,7422,07547,05621,31423,69416,815291,008189,896371,804562,505260,168-9,405
Operating Profit-13,5148,054-61,898111,891110,51754,22953,34557,91421,084-15,31718,044609-12,73559,2439,405
Interest Payable4,6864,4981,9252263273273169,10916,38815,00916,0678,2879,23818,6059,366
Interest Receivable39427015925302011246413536129120
Pre-Tax Profit-17,8063,826-63,808111,674110,21653,93253,04948,8164,720-30,2622,112-7,318-21,68340,64039
Tax0-7270-21,218-20,941-10,247-10,079-9,763-9440-48600-11,379-11
Profit After Tax-17,8063,099-63,80890,45689,27543,68542,97039,0533,776-30,2621,626-7,318-21,68329,26128
Dividends Paid000000000000000
Retained Profit-17,8063,099-63,80890,45689,27543,68542,97039,0533,776-30,2621,626-7,318-21,68329,26128
Employee Costs288,502258,478364,884328,396174,222165,264125,474123,90357,847328,369256,728520,342754,496414,4690
Number Of Employees771095544211102029160
EBITDA*-7,27416,383-54,203118,640116,91560,74057,60661,37626,348-10,15022,71620,2818,16675,71938,489

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets60,12064,69262,03035,21140,21044,69337,90240,213373,116756,900759,592764,264767,696751,477752,953
Intangible Assets00000000000015,00030,00045,000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets60,12064,69262,03035,21140,21044,69337,90240,213373,116756,900759,592764,264782,696781,477797,953
Stock & work in progress354,408354,262291,751183,35178,429100,01850,37137,12626,50572,34765,94793,979119,91361,70883,857
Trade Debtors9,60823,16811,26625,07011,83716,7058,33011,31610,70746,65251,328109,200129,60694,90165,443
Group Debtors98,188181,736261,345359,873294,621128,058104,98859,8880000000
Misc Debtors76,15820,81512,06133,6357,0935,0553763,7351,883000000
Cash1615,00140711,4066,3184087,5484088,77863824,96028,922115,4238111
misc current assets000000000000000
total current assets538,378594,982576,830613,335398,298250,244171,274172,47347,873119,637142,235232,101364,942157,420149,301
total assets598,498659,674638,860648,546438,508294,937209,176212,686420,989876,537901,827996,3651,147,638938,897947,254
Bank overdraft18,95910,36619,3517,41609,679000000000
Bank loan00000009,71515,636000000
Trade Creditors 19,25922,64945,63577,74572,49925,06323,32040,2738,548149,229169,528240,802356,382143,050150,459
Group/Directors Accounts000000009,768000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities220,730264,284210,169150,35295,39888,85940,50540,31737,067000000
total current liabilities258,948297,299275,155235,513167,897123,60163,82590,30571,019149,229169,528240,802356,382143,050150,459
loans23,84630,13534,84100000266,142222,465239,362254,9970284,256288,194
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities105,000105,000105,000125,27680,00070,00087,700107,700108,200171,991129,823139,078422,450121,300147,383
provisions8,1526,8826,6056,6900000000000188
total long term liabilities136,998142,017146,446131,96680,00070,00087,700107,700374,342394,456369,185394,075422,450405,556435,765
total liabilities395,946439,316421,601367,479247,897193,601151,525198,005445,361543,685538,713634,877778,832548,606586,224
net assets202,552220,358217,259281,067190,611101,33657,65114,681-24,372332,852363,114361,488368,806390,291361,030
total shareholders funds202,552220,358217,259281,067190,611101,33657,65114,681-24,372332,852363,114361,488368,806390,291361,030
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-13,5148,054-61,898111,891110,51754,22953,34557,91421,084-15,31718,044609-12,73559,2439,405
Depreciation6,2408,3297,6956,7496,3986,5114,2613,4625,2645,1674,6724,6725,9011,47614,084
Amortisation0000000000015,00015,00015,00015,000
Tax0-7270-21,218-20,941-10,247-10,079-9,763-9440-48600-11,379-11
Stock14662,511108,400104,922-21,58949,64713,24510,621-45,8426,400-28,032-25,93458,205-22,14983,857
Debtors-41,765-58,953-133,906105,027163,73336,463-21,584122,349-34,062-4,676-57,872-20,40634,70529,45865,443
Creditors-3,390-22,986-32,1105,24647,4361,743-16,95331,725-140,681-20,299-71,274-115,580213,332-7,409150,459
Accruals and Deferred Income-43,55454,11559,81754,9546,53948,3541883,25037,067000000
Deferred Taxes & Provisions1,270277-856,690000000000-188188
Cash flow from operations-11,32943,504-1,075-45,6377,80514,48039,101-46,3821,694-32,17336,860-48,959128,58849,43439,825
Investing Activities
capital expenditure-1,668-10,991-34,514-1,750-1,915-13,302-1,950329,441378,520-2,4750-1,240-22,1200-827,037
Change in Investments000000000000000
cash flow from investments-1,668-10,991-34,514-1,750-1,915-13,302-1,950329,441378,520-2,4750-1,240-22,1200-827,037
Financing Activities
Bank loans000000-9,715-5,92115,636000000
Group/Directors Accounts0000000-9,7689,768000000
Other Short Term Loans 000000000000000
Long term loans-6,289-4,70634,8410000-266,14243,677-16,897-15,635254,997-284,256-3,938288,194
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00-20,27645,27610,000-17,700-20,000-500-63,79142,168-9,255-283,372301,150-26,083147,383
share issue00000000-361,0000001980361,002
interest-4,292-4,228-1,910-217-302-297-296-9,098-16,364-14,945-15,932-7,926-8,947-18,603-9,366
cash flow from financing-10,581-8,93412,65545,0599,698-17,997-30,011-291,429-372,07410,326-40,822-36,3018,145-48,624787,213
cash and cash equivalents
cash-14,98514,594-10,9995,0885,910-7,1407,140-8,3708,140-24,322-3,962-86,501114,6128101
overdraft8,593-8,98511,9357,416-9,6799,679000000000
change in cash-23,57823,579-22,934-2,32815,589-16,8197,140-8,3708,140-24,322-3,962-86,501114,6128101

butler traditional wooden boats 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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Butler Traditional Wooden Boats Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for butler traditional wooden boats limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TR3 area or any other competitors across 12 key performance metrics.

butler traditional wooden boats limited Ownership

BUTLER TRADITIONAL WOODEN BOATS LIMITED group structure

Butler Traditional Wooden Boats Limited has no subsidiary companies.

Ultimate parent company

1 parent

BUTLER TRADITIONAL WOODEN BOATS LIMITED

05883067

BUTLER TRADITIONAL WOODEN BOATS LIMITED Shareholders

butler & butler (holdings) limited 100%

butler traditional wooden boats limited directors

Butler Traditional Wooden Boats Limited currently has 1 director, Mr Ashley Butler serving since Jul 2006.

officercountryagestartendrole
Mr Ashley ButlerEngland47 years Jul 2006- Director

P&L

December 2023

turnover

659.6k

-6%

operating profit

-13.5k

0%

gross margin

26%

+2.5%

turnover

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

Balance Sheet

December 2023

net assets

202.6k

-0.08%

total assets

598.5k

-0.09%

cash

16

-1%

net assets

Total assets minus all liabilities

butler traditional wooden boats limited company details

company number

05883067

Type

Private limited with Share Capital

industry

30120 - Building of pleasure and sporting boats

incorporation date

July 2006

age

19

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

penpol boatyard trolver croft, feock, truro, cornwall, TR3 6RT

Bank

-

Legal Advisor

-

butler traditional wooden boats 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 4 charges/mortgages relating to butler traditional wooden boats limited. Currently there are 3 open charges and 1 have been satisfied in the past.

butler traditional wooden boats 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 BUTLER TRADITIONAL WOODEN BOATS LIMITED. This can take several minutes, an email will notify you when this has completed.

butler traditional wooden boats limited Companies House Filings - See Documents

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