jamieson and smith (shetland wool brokers) limited

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jamieson and smith (shetland wool brokers) limited Company Information

Share JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED

Company Number

SC028516

Shareholders

curtis wool direct holdings limited

Group Structure

View All

Industry

Non-specialised wholesale trade

 

Registered Address

90 north road, lerwick, shetland, ZE1 0PQ

jamieson and smith (shetland wool brokers) limited Estimated Valuation

£228.5k

Pomanda estimates the enterprise value of JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED at £228.5k based on a Turnover of £861.3k and 0.27x industry multiple (adjusted for size and gross margin).

jamieson and smith (shetland wool brokers) limited Estimated Valuation

£528.1k

Pomanda estimates the enterprise value of JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED at £528.1k based on an EBITDA of £160.4k and a 3.29x industry multiple (adjusted for size and gross margin).

jamieson and smith (shetland wool brokers) limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED at £3m based on Net Assets of £1.1m and 2.62x industry multiple (adjusted for liquidity).

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Jamieson And Smith (shetland Wool Brokers) Limited Overview

Jamieson And Smith (shetland Wool Brokers) Limited is a live company located in shetland, ZE1 0PQ with a Companies House number of SC028516. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in September 1951, it's largest shareholder is curtis wool direct holdings limited with a 100% stake. Jamieson And Smith (shetland Wool Brokers) Limited is a mature, small sized company, Pomanda has estimated its turnover at £861.3k with high growth in recent years.

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Jamieson And Smith (shetland Wool Brokers) Limited Health Check

Pomanda's financial health check has awarded Jamieson And Smith (Shetland Wool Brokers) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £861.3k, make it smaller than the average company (£16.1m)

£861.3k - Jamieson And Smith (shetland Wool Brokers) Limited

£16.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (6.3%)

24% - Jamieson And Smith (shetland Wool Brokers) Limited

6.3% - Industry AVG

production

Production

with a gross margin of 18.5%, this company has a higher cost of product (27.6%)

18.5% - Jamieson And Smith (shetland Wool Brokers) Limited

27.6% - Industry AVG

profitability

Profitability

an operating margin of 15.1% make it more profitable than the average company (5.1%)

15.1% - Jamieson And Smith (shetland Wool Brokers) Limited

5.1% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (41)

10 - Jamieson And Smith (shetland Wool Brokers) Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)

£44.5k - Jamieson And Smith (shetland Wool Brokers) Limited

£44.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £86.1k, this is less efficient (£376.5k)

£86.1k - Jamieson And Smith (shetland Wool Brokers) Limited

£376.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (51 days)

1 days - Jamieson And Smith (shetland Wool Brokers) Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is slower than average (31 days)

36 days - Jamieson And Smith (shetland Wool Brokers) Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 327 days, this is more than average (78 days)

327 days - Jamieson And Smith (shetland Wool Brokers) Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (14 weeks)

31 weeks - Jamieson And Smith (shetland Wool Brokers) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 11.1%, this is a lower level of debt than the average (47.3%)

11.1% - Jamieson And Smith (shetland Wool Brokers) Limited

47.3% - Industry AVG

JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED financials

EXPORTms excel logo

Jamieson And Smith (Shetland Wool Brokers) Limited's latest turnover from December 2023 is estimated at £861.3 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Jamieson And Smith (Shetland Wool Brokers) Limited has 10 employees and maintains cash reserves of £81.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover861,326779,227553,331447,494488,394837,292682,138647,355538,230441,486374,746337,052358,396420,155
Other Income Or Grants
Cost Of Sales702,054631,894451,561367,096399,209687,617555,283524,033435,830359,514308,673275,284293,667343,221
Gross Profit159,272147,332101,77080,39889,185149,675126,855123,321102,40081,97266,07261,76864,72976,934
Admin Expenses28,940-54,217-64,711-44,296-30,65438,78511,57459,14268,04964,09341,287-8,29327,31542,916-177,547
Operating Profit130,332201,549166,481124,694119,839110,890115,28164,17934,35117,87924,78570,06137,41434,018177,547
Interest Payable525766561403611634182
Interest Receivable3,0493,3354673171,9501,0548394571,1981,301995562258242171
Pre-Tax Profit132,856204,119166,386124,607121,178111,311115,93764,63635,54919,18025,78170,62437,67234,260177,718
Tax-33,214-38,783-31,613-23,675-23,024-21,149-22,028-12,927-7,110-4,028-5,930-16,950-9,795-9,593-49,761
Profit After Tax99,642165,336134,773100,93298,15490,16293,90951,70928,43915,15219,85153,67427,87724,667127,957
Dividends Paid
Retained Profit99,642165,336134,773100,93298,15490,16293,90951,70928,43915,15219,85153,67427,87724,667127,957
Employee Costs444,508420,889281,756264,167264,167258,682289,092282,573240,42533,69233,65933,19733,04932,295
Number Of Employees1010777788711111
EBITDA*160,434219,291168,964127,747123,822116,212121,04467,99336,03919,57827,33272,80439,86535,672178,969

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets567,449584,901409,377319,43717,62321,60626,92819,5187,7806,8468,5459,24011,9837,4377,540
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets567,449584,901409,377319,43717,62321,60626,92819,5187,7806,8468,5459,24011,9837,4377,540
Stock & work in progress629,069601,802409,872245,045300,111399,359317,340231,856219,717220,887207,075211,216154,140120,120107,484
Trade Debtors4,4822513,8201,581858161,72275,83766,6459,04514,0888,01918,22964,583112,31636,251
Group Debtors87,51390,487
Misc Debtors4,6154,5739,54622,14144,97228,18719,249
Cash81,17934,959155,635217,748415,476104,617176,503159,031206,742272,297247,976150,11374,79228,35968,329
misc current assets
total current assets719,345641,585666,386577,002761,417693,885588,929457,532435,504507,272463,070379,558293,515260,795212,064
total assets1,286,7941,226,4861,075,763896,439779,040715,491615,857477,050443,284514,118471,615388,798305,498268,232219,604
Bank overdraft2,9106,4249,7078,2554,95013,1585,613
Bank loan
Trade Creditors 69,30841,80651,57226,77050,77695,29678,307115,034132,583232,908205,557142,591112,965103,57679,615
Group/Directors Accounts40,74441,37950,87848,552
other short term finances
hp & lease commitments
other current liabilities19,55175,40283,46767,49678,61159,98574,320
total current liabilities132,513165,011195,624151,073134,337168,439158,240115,034132,583232,908205,557142,591112,965103,57679,615
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions10,04716,8838838831,1521,6552,3826901,052
total long term liabilities10,04716,8838838831,1521,6552,3826901,052
total liabilities142,560181,894196,507151,956135,489170,094160,622115,724133,635232,908205,557142,591112,965103,57679,615
net assets1,144,2341,044,592879,256744,483643,551545,397455,235361,326309,649281,210266,058246,207192,533164,656139,989
total shareholders funds1,144,2341,044,592879,256744,483643,551545,397455,235361,326309,649281,210266,058246,207192,533164,656139,989
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit130,332201,549166,481124,694119,839110,890115,28164,17934,35117,87924,78570,06137,41434,018177,547
Depreciation30,10217,7422,4833,0533,9835,3225,7633,8141,6881,6992,5472,7432,4511,6541,422
Amortisation
Tax-33,214-38,783-31,613-23,675-23,024-21,149-22,028-12,927-7,110-4,028-5,930-16,950-9,795-9,593-49,761
Stock27,267191,930164,827-55,066-99,24882,01985,48412,139-1,17013,812-4,14157,07634,02012,636107,484
Debtors4,273-96,055-13,33068,379-144,07994,82328,44157,600-5,0436,069-10,210-46,354-47,73376,06536,251
Creditors27,502-9,76624,802-24,006-44,52016,989-36,727-17,549-100,32527,35162,96629,6269,38923,96179,615
Accruals and Deferred Income-55,851-8,06515,971-11,11518,626-14,33574,320
Deferred Taxes & Provisions-6,83616,000-269-503-7271,692-3621,052
Cash flow from operations60,49582,80226,62755,369317,728-79,85224,376-32,584-64,13123,02098,71974,75853,172-38,66165,088
Investing Activities
capital expenditure-12,650-193,266-92,423-304,867-13,173-15,552-2,622-1,852-6,997-1,551-8,962
Change in Investments
cash flow from investments-12,650-193,266-92,423-304,867-13,173-15,552-2,622-1,852-6,997-1,551-8,962
Financing Activities
Bank loans
Group/Directors Accounts-635-9,4992,32648,552
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-3212,032
interest2,5242,569-94-861,3394206574571,1981,301995562258242171
cash flow from financing1,889-6,9302,23248,4661,3394206574251,1981,30199556225824212,203
cash and cash equivalents
cash46,220-120,676-62,113-197,728310,859-71,88617,472-47,711-65,55524,32197,86375,32146,433-39,97068,329
overdraft-3,514-3,2831,4523,305-8,2087,5455,613
change in cash49,734-117,393-63,565-201,033319,067-79,43111,859-47,711-65,55524,32197,86375,32146,433-39,97068,329

jamieson and smith (shetland wool brokers) limited 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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Jamieson And Smith (shetland Wool Brokers) Limited Competitor Analysis

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Perform a competitor analysis for jamieson and smith (shetland wool brokers) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in ZE1 area or any other competitors across 12 key performance metrics.

jamieson and smith (shetland wool brokers) limited Ownership

JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED group structure

Jamieson And Smith (Shetland Wool Brokers) Limited has no subsidiary companies.

Ultimate parent company

NORTURA BA

#0076247

2 parents

JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED

SC028516

JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED Shareholders

curtis wool direct holdings limited 100%

jamieson and smith (shetland wool brokers) limited directors

Jamieson And Smith (Shetland Wool Brokers) Limited currently has 5 directors. The longest serving directors include Mr William Henry (Mar 2004) and Mr Daniel Isbecque (Jan 2013).

officercountryagestartendrole
Mr William Henry75 years Mar 2004- Director
Mr Daniel Isbecque60 years Jan 2013- Director
Mr Timothy Holgate58 years Jan 2013- Director
Mr Derek Goudie47 years Oct 2017- Director
Mrs Kirsty Ireland53 years Sep 2021- Director

P&L

December 2023

turnover

861.3k

+11%

operating profit

130.3k

0%

gross margin

18.5%

-2.2%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

+0.1%

total assets

1.3m

+0.05%

cash

81.2k

+1.32%

net assets

Total assets minus all liabilities

jamieson and smith (shetland wool brokers) limited company details

company number

SC028516

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

September 1951

age

74

incorporated

UK

ultimate parent company

NORTURA BA

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

90 north road, lerwick, shetland, ZE1 0PQ

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

jamieson and smith (shetland wool brokers) 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 jamieson and smith (shetland wool brokers) limited.

jamieson and smith (shetland wool brokers) limited 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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jamieson and smith (shetland wool brokers) limited Companies House Filings - See Documents

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