Pomanda estimates the enterprise value of SMIRTHWAITE LIMITED at £2.3m based on a Turnover of £4.4m and 0.51x industry multiple (adjusted for size and gross margin).
smirthwaite limitedEstimated Valuation
£5.6m
Pomanda estimates the enterprise value of SMIRTHWAITE LIMITED at £5.6m based on an EBITDA of £1.6m and a 3.44x industry multiple (adjusted for size and gross margin).
smirthwaite limitedEstimated Valuation
£11.4m
Pomanda estimates the enterprise value of SMIRTHWAITE LIMITED at £11.4m based on Net Assets of £6.9m and 1.67x industry multiple (adjusted for liquidity).
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Smirthwaite LimitedOverview
Smirthwaite Limited is a live company located in wakefield, WF4 4TD with a Companies House number of 06548687. It operates in the manufacture of other products of wood sector, SIC Code 16290. Founded in March 2008, it's largest shareholder is
prism medical healthcare limited
with a 100% stake. Smirthwaite Limited is a established,
small sized company, Pomanda has estimated its turnover at
£4.4m with
declining
growth in recent years.
Pomanda's financial health check has awarded Smirthwaite Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£12.8m)
£4.4m - Smirthwaite Limited
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.7%)
0% - Smirthwaite Limited
5.7% - Industry AVG
Production
with a gross margin of 22.1%, this company has a higher cost of product (28.9%)
22.1% - Smirthwaite Limited
28.9% - Industry AVG
Profitability
an operating margin of 23.9% make it more profitable than the average company (6.5%)
23.9% - Smirthwaite Limited
6.5% - Industry AVG
Employees
with 60 employees, this is similar to the industry average (66)
60 - Smirthwaite Limited
66 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
£38.1k - Smirthwaite Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £73.7k, this is less efficient (£166.3k)
£73.7k - Smirthwaite Limited
£166.3k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (52 days)
94 days - Smirthwaite Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (40 days)
56 days - Smirthwaite Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 118 days, this is more than average (64 days)
118 days - Smirthwaite Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 47 weeks, this is more cash available to meet short term requirements (14 weeks)
47 weeks - Smirthwaite Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.8%, this is a lower level of debt than the average (48.6%)
14.8% - Smirthwaite Limited
48.6% - Industry AVG
SMIRTHWAITE LIMITED financials
EXPORT
Smirthwaite Limited's latest turnover from November 2023 is estimated at £4.4 million and the company has net assets of £6.9 million. According to their latest financial statements, Smirthwaite Limited has 60 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
4,420,952
4,228,807
6,061,883
4,470,851
5,572,618
3,339,534
3,204,388
2,396,272
3,298,318
3,046,655
2,938,236
2,880,811
2,284,001
1,612,886
Other Income Or Grants
Cost Of Sales
3,443,305
3,386,351
3,167,663
2,628,694
2,917,270
2,649,884
2,519,882
1,833,998
2,575,763
2,392,020
2,291,175
2,251,391
1,816,654
1,262,415
Gross Profit
977,646
842,456
2,894,220
1,842,157
2,655,348
689,650
684,506
562,273
722,555
654,635
647,061
629,420
467,347
350,472
Admin Expenses
-79,129
28,840
1,985,383
1,680,816
1,896,385
528,292
55,968
-343,921
260,529
362,961
412,155
230,930
427,320
361,411
-1,617,126
Operating Profit
1,056,775
813,616
908,837
161,341
758,963
161,358
628,538
906,194
462,026
291,674
234,906
398,490
40,027
-10,939
1,617,126
Interest Payable
1,102
1,507
2,213
Interest Receivable
44,816
18,033
200
2,505
1,479
1,057
2,529
2,761
2,140
1,310
2,017
2,696
1,346
Pre-Tax Profit
1,101,591
831,648
907,735
160,034
756,750
163,863
630,017
907,251
464,555
294,434
237,045
399,800
42,045
-8,243
1,618,472
Tax
-275,398
-158,013
-21,563
-6,000
-70,731
-31,134
-119,703
-181,450
-92,911
-61,831
-54,520
-95,952
-10,932
-453,172
Profit After Tax
826,193
673,635
886,172
154,034
686,019
132,729
510,314
725,801
371,644
232,603
182,525
303,848
31,113
-8,243
1,165,300
Dividends Paid
Retained Profit
826,193
673,635
886,172
154,034
686,019
132,729
510,314
725,801
371,644
232,603
182,525
303,848
31,113
-8,243
1,165,300
Employee Costs
2,283,944
2,040,199
1,931,304
2,080,525
2,066,054
2,050,014
1,995,584
395,862
502,791
487,018
475,074
479,648
391,924
272,368
Number Of Employees
60
58
57
63
65
65
66
13
17
17
17
17
14
10
EBITDA*
1,633,209
1,303,379
1,309,615
530,931
976,093
354,515
818,248
1,051,633
595,352
383,673
301,083
458,458
92,817
-10,939
1,681,585
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
358,687
415,058
503,864
1,335,783
1,421,771
1,239,438
1,014,592
800,141
772,367
678,592
426,895
366,573
338,883
293,306
230,660
Intangible Assets
596,396
744,924
782,283
4,249
229
407
1,051
1,927
3,254
4,581
5,417
Investments & Other
1,004
1,004
1,004
1,004
1,004
1,004
1,004
1,004
1,004
1,004
1,004
1,004
1,004
Debtors (Due After 1 year)
Total Fixed Assets
956,087
1,160,986
1,287,151
1,341,036
1,422,775
1,240,442
1,015,596
801,145
773,600
680,003
428,950
369,504
343,141
297,887
236,077
Stock & work in progress
1,113,480
1,318,164
1,248,351
795,461
808,990
741,390
939,596
833,884
795,580
426,409
522,074
444,237
395,000
280,000
276,000
Trade Debtors
1,140,031
1,108,386
956,488
784,385
896,846
766,368
745,870
610,546
715,587
1,026,272
880,620
948,799
708,859
471,500
677,679
Group Debtors
3,726,891
2,769,467
2,554,716
1,889,033
1,705,926
1,203,343
1,193,294
1,240,241
479,314
Misc Debtors
103,539
60,976
101,962
46,562
128,638
43,918
127,430
195,463
70,572
Cash
1,030,625
676,642
525,530
378,882
286,218
416,086
251,967
339,721
506,232
505,476
598,726
257,080
267,024
539,862
538,421
misc current assets
total current assets
7,114,566
5,933,635
5,387,047
3,894,323
3,826,618
3,171,105
3,258,157
3,219,855
2,567,285
1,958,157
2,001,420
1,650,116
1,370,883
1,291,362
1,492,100
total assets
8,070,653
7,094,621
6,674,198
5,235,359
5,249,393
4,411,547
4,273,753
4,021,000
3,340,885
2,638,160
2,430,370
2,019,620
1,714,024
1,589,249
1,728,177
Bank overdraft
Bank loan
Trade Creditors
536,359
526,700
748,799
235,822
435,969
407,087
391,035
470,941
946,314
575,713
657,273
480,181
484,573
404,267
536,974
Group/Directors Accounts
372,675
138,809
106,052
106,052
94,167
94,167
94,167
95,755
other short term finances
hp & lease commitments
6,108
6,108
9,958
11,496
11,460
other current liabilities
217,835
301,634
342,095
162,578
138,426
158,811
152,247
345,077
total current liabilities
1,126,869
967,143
1,203,054
510,560
678,520
671,561
648,909
911,773
946,314
575,713
657,273
480,181
484,573
404,267
536,974
loans
hp & lease commitments
6,108
12,216
21,348
32,935
Accruals and Deferred Income
2,013
2,013
other liabilities
9,040
48,560
40,682
provisions
69,093
78,980
96,281
230,000
224,000
70,000
76,000
103,632
105,737
105,737
56,868
46,417
40,277
24,909
22,887
total long term liabilities
69,093
78,980
96,281
236,108
236,216
91,348
108,935
103,632
114,777
154,297
97,550
46,417
40,277
26,922
24,900
total liabilities
1,195,962
1,046,123
1,299,335
746,668
914,736
762,909
757,844
1,015,405
1,061,091
730,010
754,823
526,598
524,850
431,189
561,874
net assets
6,874,691
6,048,498
5,374,863
4,488,691
4,334,657
3,648,638
3,515,909
3,005,595
2,279,794
1,908,150
1,675,547
1,493,022
1,189,174
1,158,060
1,166,303
total shareholders funds
6,874,691
6,048,498
5,374,863
4,488,691
4,334,657
3,648,638
3,515,909
3,005,595
2,279,794
1,908,150
1,675,547
1,493,022
1,189,174
1,158,060
1,166,303
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
1,056,775
813,616
908,837
161,341
758,963
161,358
628,538
906,194
462,026
291,674
234,906
398,490
40,027
-10,939
1,617,126
Depreciation
148,451
136,058
130,541
369,590
217,130
193,157
189,710
145,210
133,148
91,355
64,790
58,641
51,463
63,850
Amortisation
427,983
353,705
270,237
229
178
644
1,387
1,327
1,327
609
Tax
-275,398
-158,013
-21,563
-6,000
-70,731
-31,134
-119,703
-181,450
-92,911
-61,831
-54,520
-95,952
-10,932
-453,172
Stock
-204,684
69,813
452,890
-13,529
67,600
-198,206
105,712
38,304
369,171
-95,665
77,837
49,237
115,000
4,000
276,000
Debtors
1,031,632
325,663
893,186
-11,430
717,781
-52,965
20,344
780,777
239,201
145,652
-68,179
239,940
237,359
-206,179
677,679
Creditors
9,659
-222,099
512,977
-200,147
28,882
16,052
-79,906
-475,373
370,601
-81,560
177,092
-4,392
80,306
-132,707
536,974
Accruals and Deferred Income
-83,799
-40,461
179,517
24,152
-20,385
6,564
-192,830
345,077
-2,013
2,013
Deferred Taxes & Provisions
-9,887
-17,301
-133,719
6,000
154,000
-6,000
-27,632
-2,105
48,869
10,451
6,140
15,368
2,022
22,887
Cash flow from operations
446,836
470,029
500,751
379,895
282,478
591,168
272,121
-81,299
264,670
239,164
424,448
75,077
-176,813
60,555
836,608
Investing Activities
capital expenditure
-371,535
-363,598
-346,893
-287,851
-399,463
-418,003
-404,161
-172,984
-226,923
-343,052
-125,623
-86,331
-97,040
-61,810
-300,536
Change in Investments
1,004
cash flow from investments
-371,535
-363,598
-346,893
-287,851
-399,463
-418,003
-404,161
-172,984
-226,923
-343,052
-125,623
-86,331
-98,044
-61,810
-300,536
Financing Activities
Bank loans
Group/Directors Accounts
233,866
32,757
11,885
-1,588
95,755
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-6,108
-6,108
-9,958
-10,670
-11,551
44,395
other long term liabilities
-9,040
-39,520
7,878
40,682
share issue
1
1,003
interest
44,816
18,033
-1,102
-1,307
-2,213
2,505
1,479
1,057
2,529
2,761
2,140
1,310
2,017
2,696
1,346
cash flow from financing
278,682
44,682
-7,210
620
-12,883
-9,046
44,286
87,772
-36,991
10,639
42,822
1,310
2,018
2,696
2,349
cash and cash equivalents
cash
353,983
151,112
146,648
92,664
-129,868
164,119
-87,754
-166,511
756
-93,250
341,646
-9,944
-272,838
1,441
538,421
overdraft
change in cash
353,983
151,112
146,648
92,664
-129,868
164,119
-87,754
-166,511
756
-93,250
341,646
-9,944
-272,838
1,441
538,421
smirthwaite limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for smirthwaite limited. Get real-time insights into smirthwaite limited's credit score, group structure and payment trends.
Perform a competitor analysis for smirthwaite limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WF4 area or any other competitors across 12 key performance metrics.
16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
32990 - Other manufacturing n.e.c.
incorporation date
March 2008
age
17
incorporated
UK
ultimate parent company
PRISM HEALTHCARE TOPCO LTD
accounts
Audit Exemption Subsidiary
last accounts submitted
November 2023
previous names
smirthwaite.com limited (April 2008)
accountant
-
auditor
-
address
unit 4 jubilee way, grange moor, wakefield, west yorkshire, WF4 4TD
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
smirthwaite 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 smirthwaite limited. Currently there are 1 open charges and 4 have been satisfied in the past.
smirthwaite 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 SMIRTHWAITE LIMITED. This can take several minutes, an email will notify you when this has completed.
smirthwaite limitedCompanies House Filings - See Documents
