jackson reece ltd

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jackson reece ltd Company Information

Share JACKSON REECE LTD

Company Number

NI046504

Shareholders

colin cordner

janet eileen elizabeth cordner

Group Structure

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Industry

Manufacture of household and sanitary goods and of toilet requisites

 

Registered Address

cedar house 129a clare road, waringstown, craigavon, county armagh, BT66 7SD

jackson reece ltd Estimated Valuation

£254k

Pomanda estimates the enterprise value of JACKSON REECE LTD at £254k based on a Turnover of £856.6k and 0.3x industry multiple (adjusted for size and gross margin).

jackson reece ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of JACKSON REECE LTD at £0 based on an EBITDA of £-35.5k and a 2.54x industry multiple (adjusted for size and gross margin).

jackson reece ltd Estimated Valuation

£458.9k

Pomanda estimates the enterprise value of JACKSON REECE LTD at £458.9k based on Net Assets of £316.7k and 1.45x industry multiple (adjusted for liquidity).

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Jackson Reece Ltd Overview

Jackson Reece Ltd is a live company located in craigavon, BT66 7SD with a Companies House number of NI046504. It operates in the manufacture of household and sanitary goods and of toilet requisites sector, SIC Code 17220. Founded in May 2003, it's largest shareholder is colin cordner with a 50% stake. Jackson Reece Ltd is a mature, small sized company, Pomanda has estimated its turnover at £856.6k with healthy growth in recent years.

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Jackson Reece Ltd Health Check

Pomanda's financial health check has awarded Jackson Reece Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £856.6k, make it smaller than the average company (£21.5m)

£856.6k - Jackson Reece Ltd

£21.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a slower rate (12.3%)

9% - Jackson Reece Ltd

12.3% - Industry AVG

production

Production

with a gross margin of 17.3%, this company has a comparable cost of product (17.3%)

17.3% - Jackson Reece Ltd

17.3% - Industry AVG

profitability

Profitability

an operating margin of -4.9% make it less profitable than the average company (5.6%)

-4.9% - Jackson Reece Ltd

5.6% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (78)

8 - Jackson Reece Ltd

78 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.9k, the company has an equivalent pay structure (£44.9k)

£44.9k - Jackson Reece Ltd

£44.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £107.1k, this is less efficient (£400.8k)

£107.1k - Jackson Reece Ltd

£400.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (46 days)

6 days - Jackson Reece Ltd

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (53 days)

1 days - Jackson Reece Ltd

53 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (50 days)

4 days - Jackson Reece Ltd

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 634 weeks, this is more cash available to meet short term requirements (1 weeks)

634 weeks - Jackson Reece Ltd

1 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 7.7%, this is a lower level of debt than the average (58.9%)

7.7% - Jackson Reece Ltd

58.9% - Industry AVG

JACKSON REECE LTD financials

EXPORTms excel logo

Jackson Reece Ltd's latest turnover from March 2024 is estimated at £856.6 thousand and the company has net assets of £316.7 thousand. According to their latest financial statements, Jackson Reece Ltd has 8 employees and maintains cash reserves of £254.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover856,629818,931606,107667,337865,149841,251546,508510,089713,205354,827304,416217,886445,924406,974364,211
Other Income Or Grants
Cost Of Sales708,741724,642501,919533,556737,419683,390428,893392,556538,524266,239219,887160,495341,488299,744235,009
Gross Profit147,88894,289104,187133,780127,730157,862117,614117,533174,68288,58884,52957,390104,436107,230129,203
Admin Expenses189,58284,72880,358117,717143,763205,02541,86431,410105,912-4,90321,979-4,98523,146126,734163,017
Operating Profit-41,6949,56123,82916,063-16,033-47,16375,75086,12368,77093,49162,55062,37581,290-19,504-33,814
Interest Payable2,3592,359
Interest Receivable12,4059,2501,5711491121,5411,299424346111221111
Pre-Tax Profit-29,28918,81125,40016,212-15,921-45,62277,04886,54669,11693,60362,57162,37681,291-21,863-36,173
Tax-3,574-4,826-3,080-14,639-17,309-13,823-19,657-14,391-14,970-21,136
Profit After Tax-29,28915,23720,57413,132-15,921-45,62262,40969,23755,29373,94648,18047,40660,155-21,863-36,173
Dividends Paid
Retained Profit-29,28915,23720,57413,132-15,921-45,62262,40969,23755,29373,94648,18047,40660,155-21,863-36,173
Employee Costs358,929327,805267,968258,857252,577278,489203,476141,997192,55867,05471,08637,26968,75479,96886,359
Number Of Employees887777545221222
EBITDA*-35,51819,79737,38330,683-5,780-36,94885,98692,02773,594102,22672,16072,39490,367-11,088-26,059

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets27,09216,19926,00032,98918,27127,23937,45433,7682,8935,1047,1207,1087,64611,52712,989
Intangible Assets7303,3437,3958,2383,6773,0254,943
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets27,09216,19926,00032,98918,27127,23937,45433,7683,6238,44714,51515,34611,32314,55217,932
Stock & work in progress7,87732,13064,85531,27931,58542,47830,20331,45230,71216,04727,84237,29820,74314,44911,797
Trade Debtors14,67568,49334,99549,758165,784151,86979,59183,987180,878141,00593,94849,91999,72983,447104,928
Group Debtors
Misc Debtors38,82132,90116,07825,80910,1225,88451160660676
Cash254,770217,783217,523201,31796,436127,612283,247236,188102,63135,7888,7095331251264
misc current assets
total current assets316,143351,307333,451308,163303,927327,843393,552352,233314,827192,840130,49987,270120,78498,023116,989
total assets343,235367,506359,451341,152322,198355,082431,006386,001318,450201,287145,014102,616132,107112,575134,921
Bank overdraft29,061
Bank loan
Trade Creditors 1,9722,8021,1051,7193,41129,57535,02841,58846,53828,88846,21831,730101,125152,66648,297
Group/Directors Accounts20,34627,831
other short term finances
hp & lease commitments2,857
other current liabilities18,91017,31223,63024,83018,2677,40830,29241,85944,61341,383
total current liabilities20,88220,11424,73526,54921,67836,98365,32083,44791,15128,88846,21852,076128,956152,666121,598
loans43,538
hp & lease commitments4,047
Accruals and Deferred Income
other liabilities16,177
provisions5,6501,4003,9614,4223,4715,1297,0946,3713537461,0891,0131,0301,7661,909
total long term liabilities5,6501,4003,9614,4223,4715,1297,0946,3713537461,0891,0131,03017,94349,494
total liabilities26,53221,51428,69630,97125,14942,11272,41489,81891,50429,63447,30753,089129,986170,609171,092
net assets316,703345,992330,755310,181297,049312,970358,592296,183226,946171,65397,70749,5272,121-58,034-36,171
total shareholders funds316,703345,992330,755310,181297,049312,970358,592296,183226,946171,65397,70749,5272,121-58,034-36,171
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-41,6949,56123,82916,063-16,033-47,16375,75086,12368,77093,49162,55062,37581,290-19,504-33,814
Depreciation6,17610,23613,55414,62010,25310,21510,2365,1742,2113,1243,1205,4115,8756,4985,838
Amortisation7302,6135,6116,4904,6083,2021,9181,917
Tax-3,574-4,826-3,080-14,639-17,309-13,823-19,657-14,391-14,970-21,136
Stock-24,253-32,72533,576-306-10,89312,275-1,24974014,665-11,795-9,45616,5556,2942,65211,797
Debtors-47,89850,321-24,494-100,33918,15377,651-4,491-96,89140,47947,05744,029-49,81016,206-21,405104,928
Creditors-8301,697-614-1,692-26,164-5,453-6,560-4,95017,650-17,33014,488-69,395-51,541104,36948,297
Accruals and Deferred Income1,598-6,318-1,2006,56310,859-22,884-11,567-2,75444,613-41,38341,383
Deferred Taxes & Provisions4,250-2,561-461951-1,658-1,9657236,018-393-34376-17-736-1431,909
Cash flow from operations41,651-8,55521,200134,070-30,003-157,17659,683169,18366,49729,63437,76021,267-5,54670,508-51,195
Investing Activities
capital expenditure-17,069-435-6,565-29,338-1,285-13,922-36,049-2,667-8,779-14,042-5,848-5,036-25,687
Change in Investments
cash flow from investments-17,069-435-6,565-29,338-1,285-13,922-36,049-2,667-8,779-14,042-5,848-5,036-25,687
Financing Activities
Bank loans
Group/Directors Accounts-20,346-7,48527,831
Other Short Term Loans
Long term loans-43,53843,538
Hire Purchase and Lease Commitments-6,9046,904
other long term liabilities-16,17716,177
share issue2
interest12,4059,2501,5711491121,5411,2994243461112211-2,358-2,358
cash flow from financing12,4059,2501,5711491121,5411,299424346111-20,324-7,48411,655-36,62348,086
cash and cash equivalents
cash36,98726016,206104,881-31,176-155,63547,059133,55766,84327,0798,656-259261-213264
overdraft-29,06129,061
change in cash36,98726016,206104,881-31,176-155,63547,059133,55766,84327,0798,656-25926128,848-28,797

jackson reece ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Jackson Reece Ltd Competitor Analysis

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Perform a competitor analysis for jackson reece ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BT66 area or any other competitors across 12 key performance metrics.

jackson reece ltd Ownership

JACKSON REECE LTD group structure

Jackson Reece Ltd has no subsidiary companies.

Ultimate parent company

JACKSON REECE LTD

NI046504

JACKSON REECE LTD Shareholders

colin cordner 50%
janet eileen elizabeth cordner 50%

jackson reece ltd directors

Jackson Reece Ltd currently has 2 directors. The longest serving directors include Mrs Janet Cordner (May 2003) and Mr Colin Cordner (May 2003).

officercountryagestartendrole
Mrs Janet CordnerNorthern Ireland53 years May 2003- Director
Mr Colin CordnerNorthern Ireland57 years May 2003- Director

P&L

March 2024

turnover

856.6k

+5%

operating profit

-41.7k

0%

gross margin

17.3%

+49.94%

turnover

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

Balance Sheet

March 2024

net assets

316.7k

-0.08%

total assets

343.2k

-0.07%

cash

254.8k

+0.17%

net assets

Total assets minus all liabilities

jackson reece ltd company details

company number

NI046504

Type

Private limited with Share Capital

industry

17220 - Manufacture of household and sanitary goods and of toilet requisites

incorporation date

May 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

jacksonreece products ltd (May 2003)

accountant

-

auditor

-

address

cedar house 129a clare road, waringstown, craigavon, county armagh, BT66 7SD

Bank

-

Legal Advisor

-

jackson reece ltd 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 jackson reece ltd.

jackson reece ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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jackson reece ltd Companies House Filings - See Documents

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