Smart Merchants Ltd

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smart merchants ltd Company Information

Live

EstablishedMidHealthy

Company Number

07240581

Next Accounts

Jan 2025

Industry

Wholesale of other intermediate products

Directors

Richard Marsh

Mark Watts

Shareholders

richard henry marsh

mark paul watts

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Group Structure

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Contact

Registered Address

unit 4 priory house, mimram road, hertford, hertfordshire, SG14 1NN

Website

www.smartmerchants.co.uk

smart merchants ltd Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of SMART MERCHANTS LTD at £2.7m based on a Turnover of £6.9m and 0.4x industry multiple (adjusted for size and gross margin).

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Smart Merchants Ltd is a live company located in hertford, SG14 1NN with a Companies House number of 07240581. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in April 2010, it's largest shareholder is richard henry marsh with a 49% stake. Smart Merchants Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Smart Merchants Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £6.9m, make it smaller than the average company (£17.2m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.4%)

EXPORT

Smart Merchants Ltd's latest turnover from April 2023 is estimated at £6.9 million and the company has net assets of £996.7 thousand. According to their latest financial statements, Smart Merchants Ltd has 20 employees and maintains cash reserves of £115.9 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	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Turnover	6,948,183	5,886,981	6,273,155	5,243,680	5,670,998	4,602,624	4,167,969	3,676,572	3,484,677	3,610,152	2,285,157	1,541,363	344,531
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,224,930	4,419,441	4,715,505	3,997,912	4,352,995	3,495,852	3,204,266	2,761,501	2,647,555	2,703,491	1,714,693	1,158,337	254,845
Gross Profit	1,723,253	1,467,540	1,557,650	1,245,769	1,318,002	1,106,772	963,703	915,071	837,122	906,661	570,463	383,026	89,686
Admin Expenses	1,546,271	1,257,681	1,292,189	1,125,496	1,148,476	981,794	888,615	829,652	731,931	853,756	579,155	361,024	69,830
Operating Profit	176,982	209,859	265,461	120,273	169,526	124,978	75,088	85,419	105,191	52,905	-8,692	22,002	19,856
Interest Payable	19,156	21,398	12,560	24,534	45,847	36,137	18,115	745	0	0	0	0	0
Interest Receivable	5,828	2,359	330	138	591	425	213	440	300	109	104	57	22
Pre-Tax Profit	163,653	190,821	253,232	95,878	124,270	89,265	57,186	85,114	105,491	53,014	-8,588	22,059	19,878
Tax	-40,913	-36,256	-48,114	-18,217	-23,611	-16,960	-10,865	-17,023	-21,098	-11,133	0	-5,294	-5,168
Profit After Tax	122,740	154,565	205,118	77,661	100,659	72,305	46,321	68,091	84,393	41,881	-8,588	16,765	14,710
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	122,740	154,565	205,118	77,661	100,659	72,305	46,321	68,091	84,393	41,881	-8,588	16,765	14,710
Employee Costs	869,410	914,349	822,056	823,544	592,944	635,402	565,825	491,563	376,260	374,687	246,691	175,621	70,121
Number Of Employees	20	21	20	20	15	16	15	13	10	10	7	5	2
EBITDA*	192,471	230,033	282,760	137,515	185,821	130,299	92,855	102,424	119,477	56,345	-5,577	24,605	22,008

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Tangible Assets	27,092	36,138	21,159	32,108	45,585	34,389	38,821	51,583	49,978	12,893	3,233	4,805	4,303
Intangible Assets	12,000	14,000	16,000	18,000	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	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	39,092	50,138	37,159	50,108	45,585	34,389	38,821	51,583	49,978	12,893	3,233	4,805	4,303
Stock & work in progress	864,742	610,628	524,956	652,000	701,108	631,450	532,078	421,647	297,709	233,989	168,462	70,227	23,496
Trade Debtors	1,337,877	1,055,036	1,189,997	891,702	1,279,955	880,091	854,358	774,830	586,071	673,829	413,453	320,442	81,817
Group Debtors	1,585	1,115	915	425	0	4,434	0	1,000	0	0	0	0	0
Misc Debtors	5,907	50,242	26,554	9,622	17,190	14,075	14,735	4,543	0	0	0	0	0
Cash	115,896	158,357	470,795	189,916	86,687	70,938	98,985	71,495	104,407	15,686	27,974	13,783	8,965
misc current assets	0	110,927	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,326,007	1,986,305	2,213,217	1,743,665	2,084,940	1,600,988	1,500,156	1,273,515	988,187	923,504	609,889	404,452	114,278
total assets	2,365,099	2,036,443	2,250,376	1,793,773	2,130,525	1,635,377	1,538,977	1,325,098	1,038,165	936,397	613,122	409,257	118,581
Bank overdraft	68,750	62,537	50,417	0	6,376	38,815	51,749	20,350	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	784,468	751,994	938,823	552,873	729,785	588,447	555,342	468,871	829,904	831,627	550,233	337,780	63,869
Group/Directors Accounts	53,770	3,780	7,570	10,213	14,933	15,500	10,016	4,816	0	0	0	0	0
other short term finances	1,517	5,594	135,702	1,092	796,910	516,334	505,009	2,566	0	0	0	0	0
hp & lease commitments	9,342	9,232	1,205	9,679	12,129	5,783	11,935	14,228	0	0	0	0	0
other current liabilities	320,041	114,762	130,311	660,442	76,987	84,142	100,368	544,095	0	0	0	0	0
total current liabilities	1,237,888	947,899	1,264,028	1,234,299	1,637,120	1,249,021	1,234,419	1,054,926	829,904	831,627	550,233	337,780	63,869
loans	80,208	155,171	224,583	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	4,496	13,839	0	1,205	10,884	7,350	883	12,818	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	59,098	40,000	40,000	40,000	40,000
provisions	5,784	5,551	2,347	3,969	5,882	3,026	0	0	0	0	0	0	0
total long term liabilities	130,488	214,561	266,930	45,174	56,766	50,376	40,883	52,818	59,098	40,000	40,000	40,000	40,000
total liabilities	1,368,376	1,162,460	1,530,958	1,279,473	1,693,886	1,299,397	1,275,302	1,107,744	889,002	871,627	590,233	377,780	103,869
net assets	996,723	873,983	719,418	514,300	436,639	335,980	263,675	217,354	149,163	64,770	22,889	31,477	14,712
total shareholders funds	996,723	873,983	719,418	514,300	436,639	335,980	263,675	217,354	149,163	64,770	22,889	31,477	14,712

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011
Operating Activities
Operating Profit	176,982	209,859	265,461	120,273	169,526	124,978	75,088	85,419	105,191	52,905	-8,692	22,002	19,856
Depreciation	13,489	18,174	15,299	15,242	16,295	5,321	17,767	17,005	14,286	3,440	3,115	2,603	2,152
Amortisation	2,000	2,000	2,000	2,000	0	0	0	0	0	0	0	0	0
Tax	-40,913	-36,256	-48,114	-18,217	-23,611	-16,960	-10,865	-17,023	-21,098	-11,133	0	-5,294	-5,168
Stock	254,114	85,672	-127,044	-49,108	69,658	99,372	110,431	123,938	63,720	65,527	98,235	46,731	23,496
Debtors	238,976	-111,073	315,717	-395,396	398,545	29,507	88,720	194,302	-87,758	260,376	93,011	238,625	81,817
Creditors	32,474	-186,829	385,950	-176,912	141,338	33,105	86,471	-361,033	-1,723	281,394	212,453	273,911	63,869
Accruals and Deferred Income	205,279	-15,549	-530,131	583,455	-7,155	-16,226	-443,727	544,095	0	0	0	0	0
Deferred Taxes & Provisions	233	3,204	-1,622	-1,913	2,856	3,026	0	0	0	0	0	0	0
Cash flow from operations	-103,546	20,004	-99,830	968,432	-168,954	4,365	-474,417	-49,777	120,694	703	15,630	7,866	-24,604
Investing Activities
capital expenditure	-4,443	-33,153	-4,350	-21,765	-27,491	-889	-5,005	-18,610	-51,371	-13,100	-1,543	-3,105	-6,455
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,443	-33,153	-4,350	-21,765	-27,491	-889	-5,005	-18,610	-51,371	-13,100	-1,543	-3,105	-6,455
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	49,990	-3,790	-2,643	-4,720	-567	5,484	5,200	4,816	0	0	0	0	0
Other Short Term Loans	-4,077	-130,108	134,610	-795,818	280,576	11,325	502,443	2,566	0	0	0	0	0
Long term loans	-74,963	-69,412	224,583	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-9,233	21,866	-9,679	-12,129	9,880	315	-14,228	27,046	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-19,098	19,098	0	0	0	40,000
share issue	0	0	0	0	0	0	0	100	0	0	0	0	2
interest	-13,328	-19,039	-12,230	-24,396	-45,256	-35,712	-17,902	-305	300	109	104	57	22
cash flow from financing	-51,611	-200,483	334,641	-837,063	244,633	-18,588	475,513	15,125	19,398	109	104	57	40,024
cash and cash equivalents
cash	-42,461	-312,438	280,879	103,229	15,749	-28,047	27,490	-32,912	88,721	-12,288	14,191	4,818	8,965
overdraft	6,213	12,120	50,417	-6,376	-32,439	-12,934	31,399	20,350	0	0	0	0	0
change in cash	-48,674	-324,558	230,462	109,605	48,188	-15,113	-3,909	-53,262	88,721	-12,288	14,191	4,818	8,965

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SMART MERCHANTS LTD group structure

Smart Merchants Ltd has no subsidiary companies.

Ultimate parent company

SMART MERCHANTS LTD

07240581

SMART MERCHANTS LTD Shareholders

richard henry marsh	49.02%
mark paul watts	49.02%
tracey jane marsh	0.98%
sandra anne watts	0.98%

Smart Merchants Ltd currently has 2 directors. The longest serving directors include Mr Richard Marsh (Apr 2010) and Mr Mark Watts (Apr 2010).

officer	country	age	start	end	role
Mr Richard Marsh	England	63 years	Apr 2010	-	Director
Mr Mark Watts	United Kingdom	61 years	Apr 2010	-	Director

P&L

April 2023

turnover

6.9m

+18%

operating profit

177k

gross margin

24.9%

-0.51%

turnover

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

Balance Sheet

April 2023

net assets

996.7k

+0.14%

total assets

2.4m

+0.16%

cash

115.9k

-0.27%

net assets

Total assets minus all liabilities

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company number

07240581

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

April 2010

ultimate parent company

None

previous names

N/A

address

unit 4 priory house, mimram road, hertford, hertfordshire, SG14 1NN

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.

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smart merchants ltd Company Information

smart merchants ltd Estimated Valuation

smart merchants ltd Estimated Valuation

smart merchants ltd Estimated Valuation

Smart Merchants Ltd Overview

Smart Merchants Ltd Health Check

SMART MERCHANTS LTD financials

smart merchants ltd Credit Report and Business Information

Smart Merchants Ltd Competitor Analysis

smart merchants ltd Ownership

smart merchants ltd directors

smart merchants ltd company details

smart merchants ltd Charges & Mortgages

smart merchants ltd Capital Raised & Share Issues BETA

smart merchants ltd Companies House Filings - See Documents