scottish leather group limited

scottish leather group limited Company Information

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Company Number

SC042020

Industry

Tanning and dressing of leather; dressing and dyeing of fur

 

Shareholders

jennifer whiteford

jonathan muirhead obe

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Group Structure

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Contact

Registered Address

locher house kilbarchan road, bridge of weir, renfrewshire, PA11 3RN

scottish leather group limited Estimated Valuation

£122.3m

Pomanda estimates the enterprise value of SCOTTISH LEATHER GROUP LIMITED at £122.3m based on a Turnover of £103.9m and 1.18x industry multiple (adjusted for size and gross margin).

scottish leather group limited Estimated Valuation

£56.3m

Pomanda estimates the enterprise value of SCOTTISH LEATHER GROUP LIMITED at £56.3m based on an EBITDA of £6.1m and a 9.19x industry multiple (adjusted for size and gross margin).

scottish leather group limited Estimated Valuation

£164.1m

Pomanda estimates the enterprise value of SCOTTISH LEATHER GROUP LIMITED at £164.1m based on Net Assets of £61m and 2.69x industry multiple (adjusted for liquidity).

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Scottish Leather Group Limited Overview

Scottish Leather Group Limited is a live company located in renfrewshire, PA11 3RN with a Companies House number of SC042020. It operates in the tanning and dressing of leather sector, SIC Code 15110. Founded in April 1965, it's largest shareholder is jennifer whiteford with a 5.1% stake. Scottish Leather Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £103.9m with healthy growth in recent years.

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Scottish Leather Group Limited Health Check

Pomanda's financial health check has awarded Scottish Leather Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

6 Strong

positive_score

5 Regular

positive_score

1 Weak

size

Size

annual sales of £103.9m, make it larger than the average company (£13.4m)

£103.9m - Scottish Leather Group Limited

£13.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (12.5%)

12% - Scottish Leather Group Limited

12.5% - Industry AVG

production

Production

with a gross margin of 13%, this company has a comparable cost of product (14%)

13% - Scottish Leather Group Limited

14% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it more profitable than the average company (0.5%)

0.8% - Scottish Leather Group Limited

0.5% - Industry AVG

employees

Employees

with 741 employees, this is above the industry average (74)

741 - Scottish Leather Group Limited

74 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.8k, the company has an equivalent pay structure (£40.2k)

£41.8k - Scottish Leather Group Limited

£40.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £140.2k, this is equally as efficient (£154.9k)

£140.2k - Scottish Leather Group Limited

£154.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 64 days, this is near the average (55 days)

64 days - Scottish Leather Group Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is slower than average (33 days)

37 days - Scottish Leather Group Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 101 days, this is more than average (82 days)

101 days - Scottish Leather Group Limited

82 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (3 weeks)

10 weeks - Scottish Leather Group Limited

3 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 32.1%, this is a lower level of debt than the average (62.9%)

32.1% - Scottish Leather Group Limited

62.9% - Industry AVG

SCOTTISH LEATHER GROUP LIMITED financials

EXPORTms excel logo

Scottish Leather Group Limited's latest turnover from March 2024 is £103.9 million and the company has net assets of £61 million. According to their latest financial statements, Scottish Leather Group Limited has 741 employees and maintains cash reserves of £3.6 million 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
Turnover103,902,000124,112,00090,054,00073,008,000107,826,000136,010,000145,595,000144,542,000128,639,000140,228,000136,227,000115,522,000119,304,00097,768,00063,517,000
Other Income Or Grants000000000000000
Cost Of Sales90,443,000104,460,00074,908,00058,758,00082,999,000105,360,000121,814,000120,044,000107,076,000123,052,000117,132,00097,770,00098,166,00079,483,00048,872,000
Gross Profit13,459,00019,652,00015,146,00014,250,00024,827,00030,650,00023,781,00024,498,00021,563,00017,176,00019,095,00017,752,00021,138,00018,285,00014,645,000
Admin Expenses12,609,00021,127,00016,244,00013,450,00018,169,00017,275,00015,127,00015,502,00013,506,00014,520,00014,343,00013,472,00012,660,00011,263,0008,647,000
Operating Profit850,000-1,475,000-1,098,000800,0006,658,00013,375,0008,654,0008,996,0008,057,0002,656,0004,752,0004,280,0008,478,0007,022,0005,998,000
Interest Payable461,00059,000157,000383,00019,0004,0004,0004,00069,00060,0001,702,0001,657,0001,698,0001,717,0001,584,000
Interest Receivable118,000178,000197,000349,000664,000182,00082,00069,00054,00044,0001,666,0001,873,0001,951,0001,938,0001,422,000
Pre-Tax Profit507,000-1,356,000-1,058,000766,0007,303,00013,702,0008,355,0008,793,0007,754,0003,174,0004,537,0004,484,0008,683,0007,216,0005,944,000
Tax-311,000858,000-137,000-164,000-1,524,000-2,491,000-1,806,000-2,120,000-1,551,000-343,000-886,000-975,000-2,152,000-2,096,000-1,571,000
Profit After Tax196,000-498,000-1,195,000602,0005,779,00011,211,0006,549,0006,673,0006,203,0002,831,0003,651,0003,509,0006,531,0005,120,0004,373,000
Dividends Paid1,694,0001,359,0001,354,0001,354,0002,123,0001,945,0001,841,0001,705,0001,641,0001,590,0001,590,0001,590,0001,487,0001,343,0001,199,000
Retained Profit-1,498,000-1,857,000-2,549,000-752,0003,656,0009,266,0004,708,0004,968,0004,562,0001,241,0002,061,0001,919,0005,044,0003,777,0003,174,000
Employee Costs30,979,00034,062,00028,168,00026,453,00024,879,00023,887,00023,528,00022,769,00020,445,00019,182,00018,734,00018,136,00016,392,00015,803,00012,745,000
Number Of Employees741811688575655650661646599577561564505479405
EBITDA*6,132,0003,290,0002,903,0004,516,00010,326,00016,606,00011,635,00011,721,00010,532,0005,300,0007,382,0006,868,00010,684,0009,343,0008,428,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets38,631,00038,747,00036,091,00026,454,00026,682,00024,217,00022,988,00021,836,00017,709,00018,131,00019,068,00019,890,00017,081,00015,773,00014,771,000
Intangible Assets000000000000000
Investments & Other0000000805,000836,000697,0001,462,0001,550,0002,020,0003,085,000880,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets38,631,00038,747,00036,091,00026,454,00026,682,00024,217,00022,988,00022,641,00018,545,00018,828,00020,530,00021,440,00019,101,00018,858,00015,651,000
Stock & work in progress25,122,00030,168,00018,044,00015,983,00015,486,00017,367,00016,627,00016,236,00012,996,00019,322,00013,983,00011,284,00011,845,00014,308,0009,507,000
Trade Debtors18,310,00018,637,00016,323,00011,439,00012,847,00018,589,00020,940,00024,043,00017,982,00022,835,00021,898,00018,794,00018,028,00015,392,00011,209,000
Group Debtors000000000885,0001,423,000107,000120,000150,000359,000
Misc Debtors4,083,0004,920,0002,061,0003,652,0002,904,0002,411,0004,258,0004,138,0003,186,0001,517,0003,065,0001,243,0002,680,0001,288,0001,357,000
Cash3,618,0002,356,00017,758,00036,930,00037,478,00031,003,00022,782,00018,178,00022,820,0008,977,0005,321,0009,669,0008,990,0007,381,00011,155,000
misc current assets0000000005,535,00000000
total current assets51,133,00056,081,00054,186,00068,004,00068,715,00069,370,00064,607,00062,595,00056,984,00059,071,00045,690,00041,097,00041,663,00038,519,00033,587,000
total assets89,764,00094,828,00090,277,00094,458,00095,397,00093,587,00087,595,00085,236,00075,529,00077,899,00066,220,00062,537,00060,764,00057,377,00049,238,000
Bank overdraft0361,0000000000000000
Bank loan000000000000000
Trade Creditors 9,381,0008,830,0005,790,0006,970,0006,352,0009,762,00011,836,00013,896,0009,177,00014,524,0008,880,0006,716,0005,058,0006,604,0004,198,000
Group/Directors Accounts000000000000000
other short term finances106,000000806,000293,000648,0008,350,0003,766,000201,00000000
hp & lease commitments00000018,00075,00075,000000000
other current liabilities8,688,00012,935,00012,509,00012,252,00013,048,0009,838,0008,760,0008,337,0007,204,0004,474,0004,516,0004,889,0005,650,0004,438,0003,990,000
total current liabilities18,175,00022,126,00018,299,00019,222,00020,206,00019,893,00021,262,00030,658,00020,222,00019,199,00013,396,00011,605,00010,708,00011,042,0008,188,000
loans0000000380,0003,025,000000000
hp & lease commitments000000018,00093,000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions10,626,0008,083,000489,000286,000319,000187,000314,00000734,0000078,00037,000124,000
total long term liabilities10,626,0008,083,000489,000286,000319,0001,016,000776,0001,596,0003,892,0002,908,0000078,00037,0001,003,000
total liabilities28,801,00030,209,00018,788,00019,508,00020,525,00020,909,00022,038,00032,254,00024,114,00022,107,00013,396,00011,605,00010,786,00011,079,0009,191,000
net assets60,963,00064,619,00071,489,00074,950,00074,872,00072,678,00065,557,00052,982,00051,415,00055,792,00052,824,00050,932,00049,978,00046,298,00040,047,000
total shareholders funds60,963,00064,619,00071,489,00074,950,00074,872,00072,678,00065,557,00052,982,00051,415,00055,792,00052,824,00050,932,00049,978,00046,298,00040,047,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit850,000-1,475,000-1,098,000800,0006,658,00013,375,0008,654,0008,996,0008,057,0002,656,0004,752,0004,280,0008,478,0007,022,0005,998,000
Depreciation5,282,0004,765,0004,001,0003,716,0003,668,0003,231,0002,981,0002,725,0002,475,0002,644,0002,630,0002,588,0002,206,0002,321,0002,430,000
Amortisation000000000000000
Tax-311,000858,000-137,000-164,000-1,524,000-2,491,000-1,806,000-2,120,000-1,551,000-343,000-886,000-975,000-2,152,000-2,096,000-1,571,000
Stock-5,046,00012,124,0002,061,000497,000-1,881,000740,000391,0003,240,000-6,326,0005,339,0002,699,000-561,000-2,463,0004,801,0009,507,000
Debtors-1,164,0005,173,0003,293,000-660,000-5,249,000-4,198,000-2,983,0007,013,000-4,069,000-1,149,0006,242,000-684,0003,998,0003,905,00012,925,000
Creditors551,0003,040,000-1,180,000618,000-3,410,000-2,074,000-2,060,0004,719,000-5,347,0005,644,0002,164,0001,658,000-1,546,0002,406,0004,198,000
Accruals and Deferred Income-4,247,000426,000257,000-796,0003,210,0001,078,000423,0001,133,0002,730,000-42,000-373,000-761,0001,212,000448,0003,990,000
Deferred Taxes & Provisions2,543,0007,594,000203,000-33,000132,000-127,000314,0000-734,000734,0000-78,00041,000-87,000124,000
Cash flow from operations10,878,000-2,089,000-3,308,0004,304,00015,864,00016,450,00011,098,0005,200,00016,025,0007,103,000-654,0007,957,0006,704,0001,308,000-7,263,000
Investing Activities
capital expenditure00000-4,561,000933,000086,000125,000-1,690,000-5,397,000-3,843,000-3,467,000-4,594,000
Change in Investments000000-805,000-31,000139,000-765,000-88,000-470,000-1,065,0002,205,000880,000
cash flow from investments00000-4,561,0001,738,00031,000-53,000890,000-1,602,000-4,927,000-2,778,000-5,672,000-5,474,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 106,00000-806,000513,000-355,000-7,702,0004,584,0003,565,000201,00000000
Long term loans000000-380,000-2,645,0003,025,000000000
Hire Purchase and Lease Commitments00000-18,000-75,000-75,000168,000000000
other long term liabilities000000000000000
share issue-2,158,000-5,013,000-912,000830,000-1,462,000-2,145,0007,867,000-3,401,000-8,939,0001,727,000-169,000-965,000-1,364,0002,474,00036,873,000
interest-343,000119,00040,000-34,000645,000178,00078,00065,000-15,000-16,000-36,000216,000253,000221,000-162,000
cash flow from financing-2,395,000-4,894,000-872,000-10,000-304,000-2,340,000-212,000-1,472,000-2,196,0001,912,000-205,000-749,000-1,111,0002,695,00036,711,000
cash and cash equivalents
cash1,262,000-15,402,000-19,172,000-548,0006,475,0008,221,0004,604,000-4,642,00013,843,0003,656,000-4,348,000679,0001,609,000-3,774,00011,155,000
overdraft-361,000361,0000000000000000
change in cash1,623,000-15,763,000-19,172,000-548,0006,475,0008,221,0004,604,000-4,642,00013,843,0003,656,000-4,348,000679,0001,609,000-3,774,00011,155,000

scottish leather group limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Scottish Leather Group Limited Competitor Analysis

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Perform a competitor analysis for scottish leather group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in PA11 area or any other competitors across 12 key performance metrics.

scottish leather group limited Ownership

SCOTTISH LEATHER GROUP LIMITED Shareholders

jennifer whiteford 5.07%
jonathan muirhead obe 4.69%
arthur r. muirhead 4.14%
fiona g.s. muirhead 3.9%
fiona e. muirhead 3.75%
ruth marilynn muirhead 3.49%
trustees of julia lang's discretionary will trust 3.22%
hope e.b. blamire 3.12%
heather h.p. davidson 2.92%
pamela a. lustig 2.88%

scottish leather group limited directors

Scottish Leather Group Limited currently has 8 directors. The longest serving directors include Mr William Lang (Sep 2003) and Mr Nicholas Muirhead (Aug 2020).

officercountryagestartendrole
Mr William Lang63 years Sep 2003- Director
Mr Nicholas Muirhead41 years Aug 2020- Director
Mr David Archibald46 years Aug 2020- Director
Mrs Pamela ScottUnited Kingdom55 years Oct 2021- Director
Mr Michael Carnachan51 years May 2023- Director
Ms Stella MorseUnited Kingdom57 years Jun 2023- Director
Mrs Michelle McDonald48 years Oct 2023- Director
Mr Andrew Muirhead39 years Sep 2024- Director

P&L

March 2024

turnover

103.9m

-16%

operating profit

850k

-158%

gross margin

13%

-18.19%

turnover

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

Balance Sheet

March 2024

net assets

61m

-0.06%

total assets

89.8m

-0.05%

cash

3.6m

+0.54%

net assets

Total assets minus all liabilities

scottish leather group limited company details

company number

SC042020

Type

Private limited with Share Capital

industry

15110 - Tanning and dressing of leather; dressing and dyeing of fur

incorporation date

April 1965

age

60

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

scottish tanning industries limited (July 2005)

accountant

-

auditor

JOHNSTON CARMICHAEL LLP

address

locher house kilbarchan road, bridge of weir, renfrewshire, PA11 3RN

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

BURNESS PAULL LLP

scottish leather group 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 scottish leather group limited. Currently there are 0 open charges and 1 have been satisfied in the past.

scottish leather group 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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scottish leather group limited Companies House Filings - See Documents

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