g. f. smith & son holdings limited
g. f. smith & son holdings limited Company Information
Company Number
12212528
Website
www.fsmithandson.co.ukRegistered Address
c/o g. f. smith and son(london),, lockwood street, hull, HU2 0HL
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01388772217
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
marlene alexander 10.3%
susan bolton 7.2%
View Allg. f. smith & son holdings limited Estimated Valuation
Pomanda estimates the enterprise value of G. F. SMITH & SON HOLDINGS LIMITED at £53.7m based on a Turnover of £30.8m and 1.75x industry multiple (adjusted for size and gross margin).
g. f. smith & son holdings limited Estimated Valuation
Pomanda estimates the enterprise value of G. F. SMITH & SON HOLDINGS LIMITED at £2.7m based on an EBITDA of £407.2k and a 6.65x industry multiple (adjusted for size and gross margin).
g. f. smith & son holdings limited Estimated Valuation
Pomanda estimates the enterprise value of G. F. SMITH & SON HOLDINGS LIMITED at £17.9m based on Net Assets of £9.9m and 1.81x industry multiple (adjusted for liquidity).
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G. F. Smith & Son Holdings Limited Overview
G. F. Smith & Son Holdings Limited is a live company located in hull, HU2 0HL with a Companies House number of 12212528. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2019, it's largest shareholder is marlene alexander with a 10.3% stake. G. F. Smith & Son Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £30.8m with healthy growth in recent years.
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G. F. Smith & Son Holdings Limited Health Check
Pomanda's financial health check has awarded G. F. Smith & Son Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £30.8m, make it larger than the average company (£18.9m)
£30.8m - G. F. Smith & Son Holdings Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (9.1%)
11% - G. F. Smith & Son Holdings Limited
9.1% - Industry AVG
Production
with a gross margin of 26.1%, this company has a higher cost of product (34.8%)
26.1% - G. F. Smith & Son Holdings Limited
34.8% - Industry AVG
Profitability
an operating margin of 0.7% make it less profitable than the average company (4.6%)
0.7% - G. F. Smith & Son Holdings Limited
4.6% - Industry AVG
Employees
with 151 employees, this is above the industry average (106)
151 - G. F. Smith & Son Holdings Limited
106 - Industry AVG
Pay Structure
on an average salary of £51.7k, the company has an equivalent pay structure (£43.3k)
£51.7k - G. F. Smith & Son Holdings Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £203.8k, this is equally as efficient (£188k)
£203.8k - G. F. Smith & Son Holdings Limited
£188k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (45 days)
70 days - G. F. Smith & Son Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (45 days)
52 days - G. F. Smith & Son Holdings Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 104 days, this is more than average (38 days)
104 days - G. F. Smith & Son Holdings Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (14 weeks)
12 weeks - G. F. Smith & Son Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.2%, this is a lower level of debt than the average (69.2%)
36.2% - G. F. Smith & Son Holdings Limited
69.2% - Industry AVG
G. F. SMITH & SON HOLDINGS LIMITED financials
G. F. Smith & Son Holdings Limited's latest turnover from October 2023 is £30.8 million and the company has net assets of £9.9 million. According to their latest financial statements, G. F. Smith & Son Holdings Limited has 151 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Turnover | 30,766,682 | 32,531,210 | 24,761,968 | 22,235,452 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 22,743,961 | 23,364,219 | 17,753,845 | 18,703,761 |
| Gross Profit | 8,022,721 | 9,166,991 | 7,008,123 | 3,531,691 |
| Admin Expenses | 7,796,073 | 8,293,255 | 6,281,278 | 4,352,231 |
| Operating Profit | 226,648 | 873,736 | 726,845 | -820,540 |
| Interest Payable | 79,005 | 49,530 | 24,323 | 27,068 |
| Interest Receivable | 14,639 | 1,932 | 2,235 | 6,432 |
| Pre-Tax Profit | 162,282 | 826,138 | 704,757 | -4,179,016 |
| Tax | 100,000 | 0 | 119,470 | 22,720 |
| Profit After Tax | 262,282 | 826,138 | 824,227 | -4,156,296 |
| Dividends Paid | 364,156 | 364,156 | 0 | 154,960 |
| Retained Profit | -101,874 | 461,982 | 824,227 | -4,311,256 |
| Employee Costs | 7,804,963 | 7,646,888 | 6,671,349 | 7,492,210 |
| Number Of Employees | 151 | 147 | 160 | 188 |
| EBITDA* | 407,201 | 1,022,229 | 871,427 | -455,818 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Tangible Assets | 1,051,728 | 1,012,625 | 900,604 | 981,893 |
| Intangible Assets | 304,165 | 354,165 | 404,167 | 454,167 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,355,893 | 1,366,790 | 1,304,771 | 1,436,060 |
| Stock & work in progress | 6,523,191 | 5,446,267 | 3,273,767 | 3,482,522 |
| Trade Debtors | 5,923,469 | 7,359,091 | 5,485,521 | 4,638,812 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 499,201 | 338,300 | 267,797 | 555,822 |
| Cash | 1,196,238 | 2,145,630 | 5,358,638 | 5,044,964 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 14,142,099 | 15,289,288 | 14,385,723 | 13,722,120 |
| total assets | 15,497,992 | 16,656,078 | 15,690,494 | 15,158,180 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 400,000 | 400,000 | 400,000 | 200,000 |
| Trade Creditors | 3,258,650 | 3,232,145 | 2,018,606 | 1,807,155 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 1,257,314 | 2,003,972 | 2,346,409 | 2,068,911 |
| total current liabilities | 4,915,964 | 5,636,117 | 4,765,015 | 4,076,066 |
| loans | 600,000 | 1,000,000 | 1,400,000 | 1,800,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 96,441 | 32,500 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 577,318 |
| provisions | 0 | 0 | 0 | 3,544 |
| total long term liabilities | 696,441 | 1,032,500 | 1,400,000 | 2,380,862 |
| total liabilities | 5,612,405 | 6,668,617 | 6,165,015 | 6,456,928 |
| net assets | 9,885,587 | 9,987,461 | 9,525,479 | 8,701,252 |
| total shareholders funds | 9,885,587 | 9,987,461 | 9,525,479 | 8,701,252 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 226,648 | 873,736 | 726,845 | -820,540 |
| Depreciation | 130,553 | 98,491 | 94,582 | 318,889 |
| Amortisation | 50,000 | 50,002 | 50,000 | 45,833 |
| Tax | 100,000 | 0 | 119,470 | 22,720 |
| Stock | 1,076,924 | 2,172,500 | -208,755 | 3,482,522 |
| Debtors | -1,274,721 | 1,944,073 | 558,684 | 5,194,634 |
| Creditors | 26,505 | 1,213,539 | 211,451 | 1,807,155 |
| Accruals and Deferred Income | -682,717 | -309,937 | 277,498 | 2,068,911 |
| Deferred Taxes & Provisions | 0 | 0 | -3,544 | 3,544 |
| Cash flow from operations | 48,786 | -2,190,742 | 1,126,373 | -5,230,644 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 0 | 0 | 200,000 | 200,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -400,000 | -400,000 | -400,000 | 1,800,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -577,318 | 577,318 |
| share issue | ||||
| interest | -64,366 | -47,598 | -22,088 | -20,636 |
| cash flow from financing | -464,366 | -447,598 | -799,406 | 15,569,190 |
| cash and cash equivalents | ||||
| cash | -949,392 | -3,213,008 | 313,674 | 5,044,964 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -949,392 | -3,213,008 | 313,674 | 5,044,964 |
g. f. smith & son holdings limited Credit Report and Business Information
G. F. Smith & Son Holdings Limited Competitor Analysis
Perform a competitor analysis for g. f. smith & son holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in HU2 area or any other competitors across 12 key performance metrics.
g. f. smith & son holdings limited Ownership
G. F. SMITH & SON HOLDINGS LIMITED group structure
G. F. Smith & Son Holdings Limited has 1 subsidiary company.
Ultimate parent company
G. F. SMITH & SON HOLDINGS LIMITED
12212528
1 subsidiary
g. f. smith & son holdings limited directors
G. F. Smith & Son Holdings Limited currently has 9 directors. The longest serving directors include Mr Gareth Sheekey (Sep 2019) and Mr Philip Alexander (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Sheekey | United Kingdom | 51 years | Sep 2019 | - | Director |
| Mr Philip Alexander | United Kingdom | 62 years | Sep 2019 | - | Director |
| Mr Philip Alexander | 62 years | Sep 2019 | - | Director | |
| Mr John Haslam | England | 60 years | Sep 2019 | - | Director |
| Mr Glyn Houghton | United Kingdom | 61 years | Sep 2019 | - | Director |
| Mr Glyn Houghton | United Kingdom | 61 years | Sep 2019 | - | Director |
| Mr Benjamin Watkinson | United Kingdom | 46 years | Jul 2021 | - | Director |
| Mrs Margaret Sweeney | United Kingdom | 53 years | Jul 2021 | - | Director |
| Mrs Charlotte Couchman | 36 years | Mar 2023 | - | Director |
P&L
October 2023turnover
30.8m
-5%
operating profit
226.6k
-74%
gross margin
26.1%
-7.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
9.9m
-0.01%
total assets
15.5m
-0.07%
cash
1.2m
-0.44%
net assets
Total assets minus all liabilities
g. f. smith & son holdings limited company details
company number
12212528
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
September 2019
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
TOWNENDS ACCOUNTANTS LLP
address
c/o g. f. smith and son(london),, lockwood street, hull, HU2 0HL
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
ANDREW JACKSON
g. f. smith & son holdings 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 1 charges/mortgages relating to g. f. smith & son holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
g. f. smith & son holdings limited Companies House Filings - See Documents
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