Wood Innovations Limited

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wood innovations limited Company Information

Live

MatureMidHigh

Company Number

NI030802

Website

www.woodinnovations.com

Registered Address

9 springhill road, newry, BT35 6EF

Industry

Wholesale of wood, construction materials and sanitary equipment

Telephone

02841773366

Next Accounts Due

14 days late

Group Structure

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Directors

Arthur Martin28 Years

Daniel Mc Creanor28 Years

View All

Shareholders

wood innovations (holdings) ltd 100%

wood innovations limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of WOOD INNOVATIONS LIMITED at £9m based on Net Assets of £4.6m and 1.97x industry multiple (adjusted for liquidity).

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Wood Innovations Limited is a live company located in newry, BT35 6EF with a Companies House number of NI030802. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in May 1996, it's largest shareholder is wood innovations (holdings) ltd with a 100% stake. Wood Innovations Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.4m with high growth in recent years.

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Pomanda's financial health check has awarded Wood Innovations Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £10.4m, make it smaller than the average company (£18.8m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.1%)

EXPORT

Wood Innovations Limited's latest turnover from December 2022 is estimated at £10.4 million and the company has net assets of £4.6 million. According to their latest financial statements, Wood Innovations Limited has 31 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	10,390,791	7,081,954	7,462,992	6,167,623	5,021,516	3,985,379	3	3,466,587	4,268,673	2,990,403	2,381,972	2,334,165	2,306,232	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,817,401	5,255,448	5,552,688	4,622,338	3,806,388	2,989,100	2	2,572,020	3,154,183	2,192,715	1,758,851	1,737,459	1,708,621	0
Gross Profit	2,573,390	1,826,506	1,910,305	1,545,286	1,215,128	996,279	1	894,567	1,114,490	797,688	623,121	596,707	597,611	0
Admin Expenses	1,453,807	799,456	1,934,723	1,065,424	608,073	536,285	-397,095	710,835	914,753	511,158	404,677	379,801	541,058	-623,165
Operating Profit	1,119,583	1,027,050	-24,418	479,862	607,055	459,994	397,096	183,732	199,737	286,530	218,444	216,906	56,553	623,165
Interest Payable	46,646	31,868	25,458	31,823	17,988	443	6,454	6,269	0	0	0	0	0	0
Interest Receivable	47,003	2,292	388	928	2,505	1,245	123	162	647	785	280	275	643	488
Pre-Tax Profit	1,119,940	997,474	-49,487	448,967	591,572	460,796	390,765	177,625	200,385	287,316	218,724	217,181	57,196	623,653
Tax	-212,789	-189,520	0	-85,304	-112,399	-87,551	-78,153	-35,525	-42,081	-66,083	-52,494	-56,467	-16,015	-174,623
Profit After Tax	907,151	807,954	-49,487	363,663	479,173	373,245	312,612	142,100	158,304	221,233	166,230	160,714	41,181	449,030
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	907,151	807,954	-49,487	363,663	479,173	373,245	312,612	142,100	158,304	221,233	166,230	160,714	41,181	449,030
Employee Costs	1,256,221	1,024,476	956,713	819,308	700,000	547,109	578,623	569,718	510,305	378,223	310,930	275,351	297,374	0
Number Of Employees	31	26	26	23	20	16	17	17	16	12	10	9	10	0
EBITDA*	1,221,769	1,091,823	29,205	524,969	636,438	485,850	425,596	201,097	219,074	307,648	245,445	247,278	86,811	645,934

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	493,958	203,143	161,424	154,384	112,210	83,581	92,532	85,410	65,141	66,081	81,757	66,756	77,837	106,175
Intangible Assets	44,141	32,098	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	538,099	235,241	161,424	154,384	112,210	83,581	92,532	85,410	65,141	66,081	81,757	66,756	77,837	106,175
Stock & work in progress	2,788,107	2,139,051	1,459,697	1,799,064	1,550,651	1,260,465	1,133,589	1,115,067	1,053,465	775,073	794,557	833,831	844,377	594,519
Trade Debtors	1,395,647	1,307,452	1,479,284	1,069,287	828,622	614,778	656,908	530,959	867,765	630,774	469,715	391,498	349,489	362,732
Group Debtors	0	0	0	720,000	650,000	0	0	0	0	0	0	0	0	0
Misc Debtors	80,654	22,251	356,639	94,982	171,868	117,299	115,114	58,785	0	0	5,228	19,000	3,264	6,004
Cash	1,593,458	1,092,434	741,097	35,645	211,915	455,989	42,033	56,183	8,741	250,202	63,892	47,953	61,994	195,012
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,857,866	4,561,188	4,036,717	3,718,978	3,413,056	2,448,531	1,947,644	1,760,994	1,929,971	1,656,049	1,333,392	1,292,282	1,259,124	1,158,267
total assets	6,395,965	4,796,429	4,198,141	3,873,362	3,525,266	2,532,112	2,040,176	1,846,404	1,995,112	1,722,130	1,415,149	1,359,038	1,336,961	1,264,442
Bank overdraft	0	0	157,480	72,090	100,017	0	13,624	0	0	0	0	0	0	0
Bank loan	138,629	191,089	103,356	99,136	95,088	0	0	0	0	0	0	0	0	0
Trade Creditors	842,047	166,175	600,369	325,696	220,779	223,543	149,189	154,719	323,888	213,013	126,517	160,060	214,710	208,274
Group/Directors Accounts	57,124	42,857	10,025	1,088	781	43,365	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	192,904	0	0	0	0	0	0
hp & lease commitments	0	8,151	16,879	18,869	8,631	11,898	11,898	10,322	0	0	0	0	0	0
other current liabilities	425,209	289,642	259,324	170,630	194,960	179,726	153,526	86,357	0	0	0	0	0	0
total current liabilities	1,463,009	697,914	1,147,433	687,509	620,256	458,532	328,237	444,302	323,888	213,013	126,517	160,060	214,710	208,274
loans	248,347	403,966	163,888	238,724	337,860	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	8,151	20,312	12,009	3,051	14,950	17,832	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	444,532	440,729	441,477	518,053	602,040	577,138
provisions	121,506	38,597	30,671	29,332	21,319	15,880	15,585	15,478	0	0	0	0	0	0
total long term liabilities	369,853	442,563	202,710	288,368	371,188	18,931	30,535	33,310	444,532	440,729	441,477	518,053	602,040	577,138
total liabilities	1,832,862	1,140,477	1,350,143	975,877	991,444	477,463	358,772	477,612	768,420	653,742	567,994	678,113	816,750	785,412
net assets	4,563,103	3,655,952	2,847,998	2,897,485	2,533,822	2,054,649	1,681,404	1,368,792	1,226,692	1,068,388	847,155	680,925	520,211	479,030
total shareholders funds	4,563,103	3,655,952	2,847,998	2,897,485	2,533,822	2,054,649	1,681,404	1,368,792	1,226,692	1,068,388	847,155	680,925	520,211	479,030

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,119,583	1,027,050	-24,418	479,862	607,055	459,994	397,096	183,732	199,737	286,530	218,444	216,906	56,553	623,165
Depreciation	97,388	61,206	53,623	45,107	29,383	25,856	28,500	17,365	19,337	21,118	27,001	30,372	30,258	22,769
Amortisation	4,798	3,567	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-212,789	-189,520	0	-85,304	-112,399	-87,551	-78,153	-35,525	-42,081	-66,083	-52,494	-56,467	-16,015	-174,623
Stock	649,056	679,354	-339,367	248,413	290,186	126,876	18,522	61,602	278,392	-19,484	-39,274	-10,546	249,858	594,519
Debtors	146,598	-506,220	-48,346	233,779	918,413	-39,945	182,278	-278,021	236,991	155,831	64,445	57,745	-15,983	368,736
Creditors	675,872	-434,194	274,673	104,917	-2,764	74,354	-5,530	-169,169	110,875	86,496	-33,543	-54,650	6,436	208,274
Accruals and Deferred Income	135,567	30,318	88,694	-24,330	15,234	26,200	67,169	86,357	0	0	0	0	0	0
Deferred Taxes & Provisions	82,909	7,926	1,339	8,013	5,439	295	107	15,478	0	0	0	0	0	0
Cash flow from operations	1,107,674	333,219	781,624	46,073	-666,651	412,217	208,389	314,657	-227,515	191,714	134,237	88,962	-156,643	-283,670
Investing Activities
capital expenditure	-405,044	-138,590	-60,663	-87,281	-58,012	-16,905	-35,622	-37,634	-18,397	-5,442	-42,002	-19,291	-1,920	-128,944
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-405,044	-138,590	-60,663	-87,281	-58,012	-16,905	-35,622	-37,634	-18,397	-5,442	-42,002	-19,291	-1,920	-128,944
Financing Activities
Bank loans	-52,460	87,733	4,220	4,048	95,088	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	14,267	32,832	8,937	307	-42,584	43,365	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	-192,904	192,904	0	0	0	0	0	0
Long term loans	-155,619	240,078	-74,836	-99,136	337,860	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-8,151	-16,879	-14,151	18,541	5,691	-11,899	-1,306	28,154	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-444,532	3,803	-748	-76,576	-83,987	24,902	577,138
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000
interest	357	-29,576	-25,070	-30,895	-15,483	802	-6,331	-6,107	647	785	280	275	643	488
cash flow from financing	-201,606	314,188	-100,900	-107,135	380,572	32,268	-200,541	-229,581	4,450	37	-76,296	-83,712	25,545	607,626
cash and cash equivalents
cash	501,024	351,337	705,452	-176,270	-244,074	413,956	-14,150	47,442	-241,461	186,310	15,939	-14,041	-133,018	195,012
overdraft	0	-157,480	85,390	-27,927	100,017	-13,624	13,624	0	0	0	0	0	0	0
change in cash	501,024	508,817	620,062	-148,343	-344,091	427,580	-27,774	47,442	-241,461	186,310	15,939	-14,041	-133,018	195,012

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WOOD INNOVATIONS LIMITED group structure

Wood Innovations Limited has no subsidiary companies.

Ultimate parent company

WOOD INNOVATIONS (HOLDINGS) LTD

NI649894

1 parent

WOOD INNOVATIONS LIMITED

NI030802

WOOD INNOVATIONS LIMITED Shareholders

wood innovations (holdings) ltd

100%

Wood Innovations Limited currently has 3 directors. The longest serving directors include Mr Arthur Martin (May 1996) and Mr Daniel Mc Creanor (May 1996).

officer	country	age	start	end	role
Mr Arthur Martin		60 years	May 1996	-	Director
Mr Daniel Mc Creanor	United Kingdom	59 years	May 1996	-	Director
Mr Frank Bryan		61 years	Dec 2022	-	Director

P&L

December 2022

turnover

10.4m

+47%

operating profit

1.1m

gross margin

24.8%

-3.97%

turnover

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

Balance Sheet

December 2022

net assets

4.6m

+0.25%

total assets

6.4m

+0.33%

cash

1.6m

+0.46%

net assets

Total assets minus all liabilities

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company number

NI030802

Type

Private limited with Share Capital

industry

46730 - Wholesale of wood, construction materials and sanitary equipment

incorporation date

May 1996

accounts

Total Exemption Full

ultimate parent company

WOOD INNOVATIONS (HOLDINGS) LTD

previous names

N/A

last accounts submitted

December 2022

address

9 springhill road, newry, BT35 6EF

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 4 charges/mortgages relating to wood innovations limited. Currently there are 0 open charges and 4 have been satisfied in the past.

wood innovations limited Company Information

wood innovations limited Estimated Valuation

wood innovations limited Estimated Valuation

wood innovations limited Estimated Valuation

Wood Innovations Limited Overview

Wood Innovations Limited Health Check

WOOD INNOVATIONS LIMITED financials

wood innovations limited Credit Report and Business Information

Wood Innovations Limited Competitor Analysis

wood innovations limited Ownership

wood innovations limited directors

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