j banks industries limited
j banks industries limited Company Information
Company Number
07858888
Website
www.jbanks.co.ukRegistered Address
unit a vernon park, featherstone, wolverhampton, west midlands, WV10 7HW
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01902864863
Next Accounts Due
December 2024
Group Structure
View All
Directors
John Wellman12 Years
Shareholders
john anthony wellman 100%
j banks industries limited Estimated Valuation
Pomanda estimates the enterprise value of J BANKS INDUSTRIES LIMITED at £10.7m based on a Turnover of £6.9m and 1.55x industry multiple (adjusted for size and gross margin).
j banks industries limited Estimated Valuation
Pomanda estimates the enterprise value of J BANKS INDUSTRIES LIMITED at £10.6m based on an EBITDA of £1.7m and a 6.23x industry multiple (adjusted for size and gross margin).
j banks industries limited Estimated Valuation
Pomanda estimates the enterprise value of J BANKS INDUSTRIES LIMITED at £24.9m based on Net Assets of £14.6m and 1.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
J Banks Industries Limited Overview
J Banks Industries Limited is a live company located in wolverhampton, WV10 7HW with a Companies House number of 07858888. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in November 2011, it's largest shareholder is john anthony wellman with a 100% stake. J Banks Industries Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.9m with declining growth in recent years.
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J Banks Industries Limited Health Check
Pomanda's financial health check has awarded J Banks Industries Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £6.9m, make it smaller than the average company (£18.4m)
£6.9m - J Banks Industries Limited
£18.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (7.4%)
-7% - J Banks Industries Limited
7.4% - Industry AVG
Production
with a gross margin of 40.2%, this company has a comparable cost of product (35%)
40.2% - J Banks Industries Limited
35% - Industry AVG
Profitability
an operating margin of 10.6% make it more profitable than the average company (4.9%)
10.6% - J Banks Industries Limited
4.9% - Industry AVG
Employees
with 88 employees, this is similar to the industry average (106)
88 - J Banks Industries Limited
106 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has a lower pay structure (£41.8k)
£26.7k - J Banks Industries Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £78.7k, this is less efficient (£180.2k)
£78.7k - J Banks Industries Limited
£180.2k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (46 days)
55 days - J Banks Industries Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (46 days)
34 days - J Banks Industries Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is more than average (37 days)
63 days - J Banks Industries Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 610 weeks, this is more cash available to meet short term requirements (15 weeks)
610 weeks - J Banks Industries Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.7%, this is a lower level of debt than the average (69.2%)
5.7% - J Banks Industries Limited
69.2% - Industry AVG
J BANKS INDUSTRIES LIMITED financials
J Banks Industries Limited's latest turnover from March 2023 is £6.9 million and the company has net assets of £14.6 million. According to their latest financial statements, J Banks Industries Limited has 88 employees and maintains cash reserves of £9.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,927,441 | 9,425,997 | 8,357,808 | 8,617,941 | 0 | 10,238,723 | 9,772,484 | 9,368,759 | 9,003,536 | 9,143,798 | 7,924,524 | 1,822,497 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 4,140,873 | 5,167,194 | 4,446,543 | 4,434,396 | 5,387,433 | 4,553,309 | 3,807,788 | 3,632,464 | 3,562,765 | 3,403,815 | 793,289 | |
| Gross Profit | 2,786,568 | 4,258,803 | 3,911,265 | 4,183,545 | 4,851,290 | 5,219,175 | 5,560,971 | 5,371,072 | 5,581,033 | 4,520,709 | 1,029,208 | |
| Admin Expenses | 2,054,160 | 2,426,496 | 1,874,506 | 2,255,377 | 2,294,572 | 2,684,014 | 2,901,188 | 786,734 | ||||
| Operating Profit | 732,408 | 1,832,307 | 2,036,759 | 1,928,168 | 1,815,053 | 2,556,718 | 2,897,019 | 1,619,521 | 242,474 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 2,613 | 11,505 | 34,296 | 58,548 | 67,996 | 76,793 | 41,323 |
| Interest Receivable | 27,516 | 2,320 | 12,204 | 39,441 | 0 | 7,687 | 2,257 | 9,970 | 19,514 | 17,276 | 914 | 0 |
| Pre-Tax Profit | 759,924 | 1,834,627 | 2,048,963 | 1,967,609 | 1,815,053 | 2,561,792 | 3,051,209 | 2,759,034 | 2,694,791 | 2,846,199 | 1,543,642 | 201,151 |
| Tax | -166,423 | -261,197 | -229,200 | -278,500 | 0 | -439,907 | -565,285 | -503,037 | -536,891 | -573,011 | -406,661 | -44,520 |
| Profit After Tax | 593,501 | 1,573,430 | 1,819,763 | 1,689,109 | 1,815,053 | 2,121,885 | 2,485,924 | 2,255,997 | 2,157,900 | 2,273,188 | 1,136,981 | 156,631 |
| Dividends Paid | 9,939 | 15,013 | 36,438 | 68,531 | 30,000 | 52,000 | 383,720 | 1,000,000 | 200,000 | 400,000 | 40,000 | 0 |
| Retained Profit | 583,562 | 1,558,417 | 1,783,325 | 1,620,578 | 1,785,053 | 2,069,885 | 2,102,204 | 1,255,997 | 1,957,900 | 1,873,188 | 1,096,981 | 156,631 |
| Employee Costs | 2,347,102 | 2,699,945 | 874,339 | 893,719 | 916,718 | 858,186 | 2,322,090 | 2,356,506 | 2,209,994 | 2,169,664 | 2,093,806 | 430,719 |
| Number Of Employees | 88 | 101 | 99 | 105 | 105 | 99 | 95 | 92 | 97 | 89 | 87 | 17 |
| EBITDA* | 1,701,936 | 2,444,567 | 2,605,604 | 2,498,200 | 2,429,091 | 3,188,325 | 3,380,229 | 2,170,756 | 329,042 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,238,052 | 2,722,818 | 2,876,883 | 2,942,079 | 2,917,996 | 3,297,543 | 3,310,606 | 3,494,557 | 3,997,622 | 4,225,322 | 4,493,290 | 4,401,249 |
| Intangible Assets | 0 | 0 | -55,736 | -130,049 | -204,362 | -278,675 | 0 | -425,107 | -498,420 | -560,719 | -632,547 | -704,375 |
| Investments & Other | 1,831,175 | 769,861 | 526,457 | 333,234 | 156,354 | 156,354 | 156,354 | 310,854 | 314,092 | 156,354 | 156,354 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,069,227 | 3,492,679 | 3,347,604 | 3,145,264 | 2,869,988 | 3,175,222 | 3,466,960 | 3,380,304 | 3,813,294 | 3,820,957 | 4,017,097 | 3,696,874 |
| Stock & work in progress | 721,274 | 735,894 | 651,545 | 685,082 | 648,519 | 619,840 | 544,804 | 603,194 | 577,021 | 673,997 | 627,299 | 520,342 |
| Trade Debtors | 1,045,038 | 1,406,630 | 1,739,969 | 991,524 | 1,420,636 | 1,650,418 | 1,536,006 | 1,556,803 | 1,379,057 | 1,451,629 | 903,661 | 1,099,673 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 29,940 | 33,824 | 60,078 | 45,059 | 23,320 | 16,841 | 18,189 | 41,020 | 1,716,669 | 34,321 | 24,557 | 430,168 |
| Cash | 9,567,510 | 9,599,129 | 7,961,125 | 6,778,145 | 5,327,444 | 4,348,052 | 3,516,840 | 4,558,155 | 3,152,443 | 3,516,929 | 2,228,963 | 998,585 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,363,762 | 11,775,477 | 10,412,717 | 8,499,810 | 7,419,919 | 6,635,151 | 5,615,839 | 6,759,172 | 6,825,190 | 5,676,876 | 3,784,480 | 3,048,768 |
| total assets | 15,432,989 | 15,268,156 | 13,760,321 | 11,645,074 | 10,289,907 | 9,810,373 | 9,082,799 | 10,139,476 | 10,638,484 | 9,497,833 | 7,801,577 | 6,745,642 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74,160 | 74,160 | 74,160 | 30,900 |
| Trade Creditors | 391,569 | 770,706 | 724,615 | 498,287 | 682,995 | 910,511 | 694,378 | 604,559 | 535,326 | 628,210 | 584,042 | 836,967 |
| Group/Directors Accounts | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 433,500 | 433,500 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 23,570 | 99,774 | 158,189 | 171,796 | 228,077 | 172,741 |
| other current liabilities | 422,720 | 450,226 | 554,685 | 392,252 | 500,955 | 560,075 | 732,762 | 784,626 | 597,664 | 1,120,530 | 753,726 | 544,262 |
| total current liabilities | 814,289 | 1,220,932 | 1,279,300 | 890,540 | 1,183,951 | 1,470,587 | 1,450,710 | 1,922,459 | 1,798,839 | 1,994,696 | 1,640,005 | 1,584,870 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,737,600 | 2,233,803 | 2,550,894 | 2,616,100 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,570 | 123,345 | 291,534 | 490,066 | 434,336 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 352,988 | 0 | 0 | 0 | 0 | 15,705 |
| provisions | 65,979 | 78,065 | 70,279 | 127,117 | 99,117 | 113,000 | 117,200 | 118,750 | 160,000 | 117,000 | 133,000 | 104,000 |
| total long term liabilities | 65,979 | 78,065 | 70,279 | 127,117 | 99,117 | 113,000 | 470,188 | 142,320 | 2,020,945 | 2,642,337 | 3,173,960 | 3,170,141 |
| total liabilities | 880,268 | 1,298,997 | 1,349,579 | 1,017,657 | 1,283,068 | 1,583,587 | 1,920,898 | 2,064,779 | 3,819,784 | 4,637,033 | 4,813,965 | 4,755,011 |
| net assets | 14,552,721 | 13,969,159 | 12,410,742 | 10,627,417 | 9,006,839 | 8,226,786 | 7,161,901 | 8,074,697 | 6,818,700 | 4,860,800 | 2,987,612 | 1,990,631 |
| total shareholders funds | 14,552,721 | 13,969,159 | 12,410,742 | 10,627,417 | 9,006,839 | 8,226,786 | 7,161,901 | 8,074,697 | 6,818,700 | 4,860,800 | 2,987,612 | 1,990,631 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 732,408 | 1,832,307 | 2,036,759 | 1,928,168 | 1,815,053 | 2,556,718 | 2,897,019 | 1,619,521 | 242,474 | |||
| Depreciation | 484,764 | 556,524 | 494,532 | 495,719 | 539,725 | 557,294 | 565,178 | 562,027 | 537,286 | 555,038 | 623,063 | 104,526 |
| Amortisation | 484,764 | 55,736 | 74,313 | 74,313 | 74,313 | 74,313 | -72,119 | -73,313 | -62,299 | -71,828 | -71,828 | -17,958 |
| Tax | -166,423 | -261,197 | -229,200 | -278,500 | 0 | -439,907 | -565,285 | -503,037 | -536,891 | -573,011 | -406,661 | -44,520 |
| Stock | -14,620 | 84,349 | -33,537 | 36,563 | 28,679 | 75,036 | -58,390 | 26,173 | -96,976 | 46,698 | 106,957 | 520,342 |
| Debtors | -365,476 | -359,593 | 763,464 | -407,373 | -223,303 | 113,064 | -43,628 | -1,497,903 | 1,609,776 | 557,732 | -601,623 | 1,529,841 |
| Creditors | -379,137 | 46,091 | 226,328 | -184,708 | -227,516 | 216,133 | 89,819 | 69,233 | -92,884 | 44,168 | -252,925 | 836,967 |
| Accruals and Deferred Income | -27,506 | -104,459 | 162,433 | -108,703 | -59,120 | -172,687 | -51,864 | 186,962 | -522,866 | 366,804 | 209,464 | 544,262 |
| Deferred Taxes & Provisions | -12,086 | 7,786 | -56,838 | 28,000 | -13,883 | -4,200 | -1,550 | -41,250 | 43,000 | -16,000 | 29,000 | 104,000 |
| Cash flow from operations | 1,496,880 | 2,408,032 | 1,978,400 | 2,325,099 | 2,323,196 | 2,599,564 | 2,597,760 | 2,244,300 | -280,432 | |||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -155,844 | -541,922 | -178,558 | 99,752 | -461,549 | -276,239 | -535,419 | -580,072 |
| Change in Investments | 1,061,314 | 243,404 | 193,223 | 176,880 | 0 | 0 | -154,500 | -3,238 | 157,738 | 0 | 156,354 | 0 |
| cash flow from investments | -1,061,314 | -243,404 | -193,223 | -176,880 | -155,844 | -541,922 | -24,058 | 102,990 | -619,287 | -276,239 | -691,773 | -580,072 |
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -74,160 | 0 | 0 | 43,260 | 30,900 |
| Group/Directors Accounts | 0 | 0 | -1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -433,500 | 0 | 433,500 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,737,600 | -496,203 | -317,091 | -65,206 | 2,616,100 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -23,570 | -99,774 | -158,190 | -181,796 | -254,813 | 111,066 | 607,077 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -352,988 | 352,988 | 0 | 0 | 0 | -15,705 | 15,705 |
| share issue | ||||||||||||
| interest | 27,516 | 2,320 | 12,204 | 39,441 | 0 | 5,074 | -9,248 | -24,326 | -39,034 | -50,720 | -75,879 | -41,323 |
| cash flow from financing | 27,516 | 2,320 | 12,203 | 39,441 | -1,005,000 | -1,376,483 | -3,204,534 | -1,994,276 | -283,533 | -622,624 | -102,464 | 5,062,459 |
| cash and cash equivalents | ||||||||||||
| cash | -31,619 | 1,638,004 | 1,182,980 | 1,450,701 | 979,392 | 831,212 | -1,041,315 | 1,405,712 | -364,486 | 1,287,966 | 1,230,378 | 998,585 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -31,619 | 1,638,004 | 1,182,980 | 1,450,701 | 979,392 | 831,212 | -1,041,315 | 1,405,712 | -364,486 | 1,287,966 | 1,230,378 | 998,585 |
j banks industries limited Credit Report and Business Information
J Banks Industries Limited Competitor Analysis
Perform a competitor analysis for j banks industries limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
j banks industries limited Ownership
J BANKS INDUSTRIES LIMITED group structure
J Banks Industries Limited has 2 subsidiary companies.
Ultimate parent company
J BANKS INDUSTRIES LIMITED
07858888
2 subsidiaries
j banks industries limited directors
J Banks Industries Limited currently has 1 director, Mr John Wellman serving since Nov 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Wellman | 55 years | Nov 2011 | - | Director |
P&L
March 2023turnover
6.9m
-27%
operating profit
732.4k
-60%
gross margin
40.3%
-10.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
14.6m
+0.04%
total assets
15.4m
+0.01%
cash
9.6m
0%
net assets
Total assets minus all liabilities
j banks industries limited company details
company number
07858888
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
November 2011
age
13
accounts
Group
ultimate parent company
previous names
wellman industries limited (December 2011)
incorporated
UK
address
unit a vernon park, featherstone, wolverhampton, west midlands, WV10 7HW
last accounts submitted
March 2023
j banks industries 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 j banks industries limited.
j banks industries limited Companies House Filings - See Documents
| date | description | view/download |
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