t. i. simpson (farms) limited
t. i. simpson (farms) limited Company Information
Company Number
07133324
Website
www.simpsonfarms.comRegistered Address
14 the oaks clews road, redditch, B98 7ST
Industry
Mixed farming
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
terrance simpson 70%
sharon louise simpson 30%
t. i. simpson (farms) limited Estimated Valuation
Pomanda estimates the enterprise value of T. I. SIMPSON (FARMS) LIMITED at £822.3k based on a Turnover of £3.1m and 0.27x industry multiple (adjusted for size and gross margin).
t. i. simpson (farms) limited Estimated Valuation
Pomanda estimates the enterprise value of T. I. SIMPSON (FARMS) LIMITED at £758.7k based on an EBITDA of £334.4k and a 2.27x industry multiple (adjusted for size and gross margin).
t. i. simpson (farms) limited Estimated Valuation
Pomanda estimates the enterprise value of T. I. SIMPSON (FARMS) LIMITED at £2.4m based on Net Assets of £1.9m and 1.29x industry multiple (adjusted for liquidity).
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T. I. Simpson (farms) Limited Overview
T. I. Simpson (farms) Limited is a live company located in redditch, B98 7ST with a Companies House number of 07133324. It operates in the mixed farming sector, SIC Code 01500. Founded in January 2010, it's largest shareholder is terrance simpson with a 70% stake. T. I. Simpson (farms) Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with rapid growth in recent years.
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T. I. Simpson (farms) Limited Health Check
Pomanda's financial health check has awarded T. I. Simpson (Farms) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £3.1m, make it larger than the average company (£1.4m)
- T. I. Simpson (farms) Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (8.4%)
- T. I. Simpson (farms) Limited
8.4% - Industry AVG
Production
with a gross margin of 20.5%, this company has a higher cost of product (35%)
- T. I. Simpson (farms) Limited
35% - Industry AVG
Profitability
an operating margin of 9.4% make it more profitable than the average company (7%)
- T. I. Simpson (farms) Limited
7% - Industry AVG
Employees
with 7 employees, this is below the industry average (18)
7 - T. I. Simpson (farms) Limited
18 - Industry AVG
Pay Structure
on an average salary of £26.1k, the company has an equivalent pay structure (£26.1k)
- T. I. Simpson (farms) Limited
£26.1k - Industry AVG
Efficiency
resulting in sales per employee of £439k, this is more efficient (£94.8k)
- T. I. Simpson (farms) Limited
£94.8k - Industry AVG
Debtor Days
it gets paid by customers after 143 days, this is later than average (22 days)
- T. I. Simpson (farms) Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (39 days)
- T. I. Simpson (farms) Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (110 days)
- T. I. Simpson (farms) Limited
110 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 103 weeks, this is more cash available to meet short term requirements (20 weeks)
103 weeks - T. I. Simpson (farms) Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.8%, this is a lower level of debt than the average (42%)
9.8% - T. I. Simpson (farms) Limited
42% - Industry AVG
T. I. SIMPSON (FARMS) LIMITED financials
T. I. Simpson (Farms) Limited's latest turnover from April 2023 is estimated at £3.1 million and the company has net assets of £1.9 million. According to their latest financial statements, T. I. Simpson (Farms) Limited has 7 employees and maintains cash reserves of £374.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Jul 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 7 | 7 | 7 | 6 | 5 | 5 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Jul 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 414,213 | 413,254 | 438,572 | 451,934 | 407,394 | 433,650 | 465,052 | 120,891 | 98,273 | 18,566 | 23,207 | 22,675 | 15,844 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 31,500 | 31,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 445,713 | 444,754 | 438,572 | 451,934 | 407,394 | 433,650 | 465,052 | 120,891 | 98,273 | 18,566 | 23,207 | 22,675 | 15,844 |
| Stock & work in progress | 36,549 | 35,325 | 27,852 | 22,025 | 20,113 | 15,529 | 4,540 | 3,890 | 4,975 | 4,845 | 7,225 | 22,590 | 0 |
| Trade Debtors | 1,206,104 | 814,217 | 420,365 | 211,723 | 23,477 | 21,593 | 30,611 | 986 | 22,869 | 40,000 | 45,481 | 81,668 | 81,591 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 374,399 | 532,512 | 739,185 | 794,658 | 660,261 | 481,365 | 382,026 | 670,384 | 473,736 | 404,292 | 284,174 | 132,567 | 85,406 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,617,052 | 1,382,054 | 1,187,402 | 1,028,406 | 703,851 | 518,487 | 417,177 | 675,260 | 501,580 | 449,137 | 336,880 | 236,825 | 166,997 |
| total assets | 2,062,765 | 1,826,808 | 1,625,974 | 1,480,340 | 1,111,245 | 952,137 | 882,229 | 796,151 | 599,853 | 467,703 | 360,087 | 259,500 | 182,841 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 187,706 | 179,782 | 161,919 | 158,954 | 114,382 | 116,946 | 65,000 | 113,509 | 108,170 | 109,955 | 107,104 | 115,546 | 123,983 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 187,706 | 179,782 | 161,919 | 158,954 | 114,382 | 116,946 | 65,000 | 113,509 | 108,170 | 109,955 | 107,104 | 115,546 | 123,983 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 15,042 | 17,824 | 11,463 | 14,252 | 17,562 | 28,130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 15,042 | 17,824 | 11,463 | 14,252 | 17,562 | 28,130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 202,748 | 197,606 | 173,382 | 173,206 | 131,944 | 145,076 | 65,000 | 113,509 | 108,170 | 109,955 | 107,104 | 115,546 | 123,983 |
| net assets | 1,860,017 | 1,629,202 | 1,452,592 | 1,307,134 | 979,301 | 807,061 | 817,229 | 682,642 | 491,683 | 357,748 | 252,983 | 143,954 | 58,858 |
| total shareholders funds | 1,860,017 | 1,629,202 | 1,452,592 | 1,307,134 | 979,301 | 807,061 | 817,229 | 682,642 | 491,683 | 357,748 | 252,983 | 143,954 | 58,858 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Jul 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 45,891 | 37,766 | 31,295 | 33,139 | 39,481 | 31,402 | 73,338 | 6,286 | 5,415 | 4,641 | 5,668 | 5,669 | 3,961 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | 1,224 | 7,473 | 5,827 | 1,912 | 4,584 | 10,989 | 650 | -1,085 | 130 | -2,380 | -15,365 | 22,590 | 0 |
| Debtors | 391,887 | 393,852 | 208,642 | 188,246 | 1,884 | -9,018 | 29,625 | -21,883 | -17,131 | -5,481 | -36,187 | 77 | 81,591 |
| Creditors | 7,924 | 17,863 | 2,965 | 44,572 | -2,564 | 51,946 | -48,509 | 5,339 | -1,785 | 2,851 | -8,442 | -8,437 | 123,983 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -2,782 | 6,361 | -2,789 | -3,310 | -10,568 | 28,130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 31,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -158,113 | -206,673 | -55,473 | 134,397 | 178,896 | 99,339 | -288,358 | 196,648 | 69,444 | 120,118 | 151,607 | 47,161 | 85,406 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -158,113 | -206,673 | -55,473 | 134,397 | 178,896 | 99,339 | -288,358 | 196,648 | 69,444 | 120,118 | 151,607 | 47,161 | 85,406 |
t. i. simpson (farms) limited Credit Report and Business Information
T. I. Simpson (farms) Limited Competitor Analysis
Perform a competitor analysis for t. i. simpson (farms) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
t. i. simpson (farms) limited Ownership
T. I. SIMPSON (FARMS) LIMITED group structure
T. I. Simpson (Farms) Limited has no subsidiary companies.
Ultimate parent company
T. I. SIMPSON (FARMS) LIMITED
07133324
t. i. simpson (farms) limited directors
T. I. Simpson (Farms) Limited currently has 2 directors. The longest serving directors include Mr Terence Simpson (Jan 2010) and Mrs Sharon Simpson (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Terence Simpson | England | 62 years | Jan 2010 | - | Director |
| Mrs Sharon Simpson | England | 53 years | Mar 2016 | - | Director |
P&L
April 2023turnover
3.1m
+40%
operating profit
288.5k
0%
gross margin
20.5%
-1.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
1.9m
+0.14%
total assets
2.1m
+0.13%
cash
374.4k
-0.3%
net assets
Total assets minus all liabilities
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t. i. simpson (farms) limited company details
company number
07133324
Type
Private limited with Share Capital
industry
01500 - Mixed farming
incorporation date
January 2010
age
14
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
14 the oaks clews road, redditch, B98 7ST
last accounts submitted
April 2022
t. i. simpson (farms) 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 did not find charges/mortgages relating to t. i. simpson (farms) limited.
t. i. simpson (farms) limited Companies House Filings - See Documents
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