national timber group scotland limited
national timber group scotland limited Company Information
Company Number
SC080045
Next Accounts
Sep 2025
Shareholders
lhsl 2 limited
Group Structure
View All
Industry
Agents involved in the sale of timber and building materials
Registered Address
thornbridge yard, laurieston road, grangemouth, stirlingshire, FK3 8XX
Website
http://rembrandtimber.comnational timber group scotland limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL TIMBER GROUP SCOTLAND LIMITED at £68.6m based on a Turnover of £84.2m and 0.81x industry multiple (adjusted for size and gross margin).
national timber group scotland limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL TIMBER GROUP SCOTLAND LIMITED at £0 based on an EBITDA of £-12.2m and a 7.48x industry multiple (adjusted for size and gross margin).
national timber group scotland limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL TIMBER GROUP SCOTLAND LIMITED at £26.4m based on Net Assets of £13.1m and 2.02x industry multiple (adjusted for liquidity).
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National Timber Group Scotland Limited Overview
National Timber Group Scotland Limited is a live company located in grangemouth, FK3 8XX with a Companies House number of SC080045. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in September 1982, it's largest shareholder is lhsl 2 limited with a 100% stake. National Timber Group Scotland Limited is a mature, large sized company, Pomanda has estimated its turnover at £84.2m with healthy growth in recent years.
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National Timber Group Scotland Limited Health Check
Pomanda's financial health check has awarded National Timber Group Scotland Limited a 4 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
4 Strong
5 Regular
3 Weak
Size
annual sales of £84.2m, make it larger than the average company (£15.7m)
£84.2m - National Timber Group Scotland Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10%)
15% - National Timber Group Scotland Limited
10% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (27.3%)
28.2% - National Timber Group Scotland Limited
27.3% - Industry AVG
Profitability
an operating margin of -15.1% make it less profitable than the average company (4.4%)
-15.1% - National Timber Group Scotland Limited
4.4% - Industry AVG
Employees
with 332 employees, this is above the industry average (42)
332 - National Timber Group Scotland Limited
42 - Industry AVG
Pay Structure
on an average salary of £35.5k, the company has an equivalent pay structure (£38.4k)
£35.5k - National Timber Group Scotland Limited
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £253.6k, this is less efficient (£319.8k)
£253.6k - National Timber Group Scotland Limited
£319.8k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (46 days)
40 days - National Timber Group Scotland Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is close to average (42 days)
45 days - National Timber Group Scotland Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is in line with average (59 days)
66 days - National Timber Group Scotland Limited
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is more cash available to meet short term requirements (6 weeks)
9 weeks - National Timber Group Scotland Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.3%, this is a higher level of debt than the average (54.8%)
63.3% - National Timber Group Scotland Limited
54.8% - Industry AVG
NATIONAL TIMBER GROUP SCOTLAND LIMITED financials
National Timber Group Scotland Limited's latest turnover from December 2023 is £84.2 million and the company has net assets of £13.1 million. According to their latest financial statements, National Timber Group Scotland Limited has 332 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 84,210,179 | 82,681,968 | 89,437,843 | 55,626,383 | 37,929,658 | 49,851,578 | 37,304,005 | 35,398,139 | 33,801,083 | 30,953,627 | 28,117,091 | 28,485,195 | 29,216,710 | 28,594,077 | 27,008,437 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 60,440,860 | 58,423,524 | 58,615,232 | 38,383,896 | 27,549,318 | 33,848,474 | 27,997,726 | 27,988,691 | 26,942,921 | 24,544,940 | 21,974,918 | 22,481,023 | 22,795,402 | 22,824,971 | 21,262,789 |
| Gross Profit | 23,769,319 | 24,258,444 | 30,822,611 | 17,242,487 | 10,380,340 | 16,003,104 | 9,306,279 | 7,409,448 | 6,858,162 | 6,408,687 | 6,142,173 | 6,004,172 | 6,421,308 | 5,769,106 | 5,745,648 |
| Admin Expenses | 36,506,217 | 23,768,762 | 25,103,646 | 9,310,859 | 10,901,686 | 13,294,495 | 6,770,588 | 6,566,201 | 5,878,015 | 5,519,874 | 5,362,755 | 5,207,978 | 5,326,197 | 4,909,268 | 4,917,502 |
| Operating Profit | -12,736,898 | 489,682 | 5,718,965 | 7,931,628 | -521,346 | 2,708,609 | 2,535,691 | 843,247 | 980,147 | 888,813 | 779,418 | 796,194 | 1,095,111 | 859,838 | 828,146 |
| Interest Payable | 10,517 | 72,931 | 163,477 | 66,480 | 115,764 | 48,766 | 2,660 | 9,489 | 16,399 | 35,095 | 61,040 | 75,107 | 84,862 | 117,606 | |
| Interest Receivable | 10,463,702 | 5,925 | 14,995 | 8,181 | 4,266 | 2,025 | 2,901 | 4,654 | 6,038 | 1,406 | 1,497 | 7,505 | |||
| Pre-Tax Profit | -2,283,713 | 422,676 | 5,555,488 | 7,865,148 | -637,110 | 1,278,224 | 2,807,039 | 1,076,020 | 994,317 | 809,469 | 808,598 | 741,192 | 1,021,410 | 776,473 | 718,045 |
| Tax | -51,375 | -9,625 | -619,169 | 43,335 | 2,893 | -163,775 | -490,735 | -241,931 | -260,250 | -177,563 | -171,063 | -201,070 | -296,539 | -233,792 | -171,042 |
| Profit After Tax | -2,335,088 | 413,051 | 4,936,319 | 7,908,483 | -634,217 | 1,114,449 | 2,316,304 | 834,089 | 734,067 | 631,906 | 637,535 | 540,122 | 724,871 | 542,681 | 547,003 |
| Dividends Paid | 3,408,690 | 10,329,032 | |||||||||||||
| Retained Profit | -2,335,088 | 413,051 | 1,527,629 | 7,908,483 | -634,217 | -9,214,583 | 2,316,304 | 834,089 | 734,067 | 631,906 | 637,535 | 540,122 | 724,871 | 542,681 | 547,003 |
| Employee Costs | 11,800,173 | 10,297,824 | 11,613,755 | 9,256,731 | 4,878,506 | 7,368,792 | 5,295,904 | 5,056,350 | 4,611,695 | 4,179,614 | 3,894,108 | 3,616,535 | 3,415,984 | 3,716,698 | 3,944,961 |
| Number Of Employees | 332 | 293 | 293 | 282 | 188 | 205 | 204 | 202 | 189 | 185 | 180 | 170 | 169 | 170 | 169 |
| EBITDA* | -12,156,107 | 980,470 | 6,183,174 | 8,305,232 | -365,185 | 2,884,733 | 2,690,818 | 1,000,161 | 1,121,549 | 1,001,613 | 906,043 | 967,796 | 1,280,702 | 1,036,186 | 1,043,569 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,746,981 | 2,508,639 | 2,594,619 | 2,407,342 | 869,106 | 823,725 | 745,204 | 751,116 | 858,155 | 736,109 | 797,402 | 795,558 | 5,346,924 | 5,113,353 | 5,121,951 |
| Intangible Assets | 3,083,362 | 3,750 | |||||||||||||
| Investments & Other | 748,291 | 14,439,179 | 19,704,337 | 6,264,138 | 748,292 | 748,292 | 350,122 | 350,122 | 237,894 | 237,994 | 197,647 | 160,000 | 160,000 | 160,000 | 100,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 6,578,634 | 16,947,818 | 22,298,956 | 8,671,480 | 1,617,398 | 1,572,017 | 1,095,326 | 1,104,988 | 1,096,049 | 974,103 | 995,049 | 955,558 | 5,506,924 | 5,273,353 | 5,221,951 |
| Stock & work in progress | 11,063,585 | 11,504,525 | 13,438,348 | 10,571,741 | 5,269,694 | 7,465,416 | 8,630,765 | 6,608,940 | 5,953,921 | 6,186,568 | 5,433,305 | 5,073,068 | 4,662,068 | 5,082,150 | 4,565,655 |
| Trade Debtors | 9,330,811 | 9,011,374 | 9,044,141 | 8,816,060 | 4,446,740 | 4,840,225 | 5,229,758 | 4,614,080 | 4,581,646 | 4,334,663 | 4,053,196 | 4,537,981 | 4,453,977 | 4,709,313 | 4,004,331 |
| Group Debtors | 1,065,835 | 11,906,900 | 1,710,123 | 4,153,591 | 1,851,359 | 1,098,317 | 4,615,611 | 4,655,008 | 4,424,828 | 4,645,068 | 5,096,279 | 4,974,263 | 435,909 | 352,418 | 15,239 |
| Misc Debtors | 3,371,653 | 3,690,715 | 3,602,208 | 2,958,471 | 1,530,191 | 995,864 | 162,032 | 58,107 | 46,903 | 86,905 | 57,545 | 62,078 | 91,425 | 133,738 | 119,956 |
| Cash | 4,239,563 | 1,223,715 | 1,240,036 | 1,983,398 | 75,443 | 1,725,302 | 3,481,115 | 2,725,237 | 2,562,351 | 1,779,867 | 2,302,864 | 1,911,650 | 1,895,108 | 1,733,515 | 1,935,080 |
| misc current assets | |||||||||||||||
| total current assets | 29,071,447 | 37,337,229 | 29,034,856 | 28,483,261 | 13,173,427 | 16,125,124 | 22,119,281 | 18,661,372 | 17,569,649 | 17,033,071 | 16,943,189 | 16,559,040 | 11,538,487 | 12,011,134 | 10,640,261 |
| total assets | 35,650,081 | 54,285,047 | 51,333,812 | 37,154,741 | 14,790,825 | 17,697,141 | 23,214,607 | 19,766,360 | 18,665,698 | 18,007,174 | 17,938,238 | 17,514,598 | 17,045,411 | 17,284,487 | 15,862,212 |
| Bank overdraft | 119,623 | 117,987 | 412,644 | ||||||||||||
| Bank loan | 137,252 | 177,195 | 392,187 | 368,547 | 421,291 | 484,314 | |||||||||
| Trade Creditors | 7,516,301 | 11,746,477 | 7,911,241 | 8,808,925 | 3,998,634 | 4,204,765 | 5,058,042 | 3,934,152 | 3,856,173 | 3,966,239 | 4,202,691 | 3,830,247 | 3,014,111 | 4,454,889 | 3,522,630 |
| Group/Directors Accounts | 6,495,963 | 23,011,542 | 14,146,992 | 6,696,366 | 1,408,491 | 1,372,356 | 136,347 | 238,267 | 290,231 | 303,514 | 421,338 | 401,041 | |||
| other short term finances | 7,809,397 | 2,734,886 | 2,196,252 | 3,386,942 | |||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 8,234,794 | 2,956,563 | 5,282,768 | 4,339,779 | 624,146 | 1,532,666 | 1,726,192 | 1,706,846 | 1,411,018 | 1,045,330 | 1,198,000 | 1,341,907 | 1,840,095 | 1,050,064 | 1,069,056 |
| total current liabilities | 22,247,058 | 37,714,582 | 35,150,398 | 22,579,956 | 8,227,523 | 10,496,729 | 6,784,234 | 5,640,998 | 5,386,814 | 5,403,155 | 5,816,153 | 5,854,572 | 5,526,267 | 6,760,226 | 5,477,041 |
| loans | 119,624 | 256,875 | 434,071 | 826,260 | 563,939 | 985,230 | |||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 322,000 | 235,000 | 261,000 | 180,000 | 77,000 | 79,893 | 94,771 | 106,064 | 93,675 | 33,253 | 45,974 | 44,254 | 51,305 | 43,614 | 25,914 |
| total long term liabilities | 322,000 | 235,000 | 261,000 | 180,000 | 77,000 | 79,893 | 94,771 | 106,064 | 93,675 | 152,877 | 302,849 | 478,325 | 877,565 | 607,553 | 1,011,144 |
| total liabilities | 22,569,058 | 37,949,582 | 35,411,398 | 22,759,956 | 8,304,523 | 10,576,622 | 6,879,005 | 5,747,062 | 5,480,489 | 5,556,032 | 6,119,002 | 6,332,897 | 6,403,832 | 7,367,779 | 6,488,185 |
| net assets | 13,081,023 | 16,335,465 | 15,922,414 | 14,394,785 | 6,486,302 | 7,120,519 | 16,335,602 | 14,019,298 | 13,185,209 | 12,451,142 | 11,819,236 | 11,181,701 | 10,641,579 | 9,916,708 | 9,374,027 |
| total shareholders funds | 13,081,023 | 16,335,465 | 15,922,414 | 14,394,785 | 6,486,302 | 7,120,519 | 16,335,602 | 14,019,298 | 13,185,209 | 12,451,142 | 11,819,236 | 11,181,701 | 10,641,579 | 9,916,708 | 9,374,027 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -12,736,898 | 489,682 | 5,718,965 | 7,931,628 | -521,346 | 2,708,609 | 2,535,691 | 843,247 | 980,147 | 888,813 | 779,418 | 796,194 | 1,095,111 | 859,838 | 828,146 |
| Depreciation | 580,791 | 490,788 | 464,209 | 373,604 | 156,161 | 176,124 | 151,377 | 153,164 | 141,402 | 112,800 | 126,625 | 171,602 | 185,591 | 176,348 | 197,923 |
| Amortisation | 3,750 | 3,750 | 17,500 | ||||||||||||
| Tax | -51,375 | -9,625 | -619,169 | 43,335 | 2,893 | -163,775 | -490,735 | -241,931 | -260,250 | -177,563 | -171,063 | -201,070 | -296,539 | -233,792 | -171,042 |
| Stock | -440,940 | -1,933,823 | 2,866,607 | 5,302,047 | -2,195,722 | -1,165,349 | 2,021,825 | 655,019 | -232,647 | 753,263 | 360,237 | 411,000 | -420,082 | 516,495 | 4,565,655 |
| Debtors | -10,840,690 | 10,252,517 | -1,571,650 | 8,099,832 | 893,884 | -3,072,995 | 680,206 | 273,818 | -13,259 | -140,384 | -367,302 | 4,593,011 | -214,158 | 1,055,943 | 4,139,526 |
| Creditors | -4,230,176 | 3,835,236 | -897,684 | 4,810,291 | -206,131 | -853,277 | 1,123,890 | 77,979 | -110,066 | -236,452 | 372,444 | 816,136 | -1,440,778 | 932,259 | 3,522,630 |
| Accruals and Deferred Income | 5,278,231 | -2,326,205 | 942,989 | 3,715,633 | -908,520 | -193,526 | 19,346 | 295,828 | 365,688 | -152,670 | -143,907 | -498,188 | 790,031 | -18,992 | 1,069,056 |
| Deferred Taxes & Provisions | 87,000 | -26,000 | 81,000 | 103,000 | -2,893 | -14,878 | -11,293 | 12,389 | 60,422 | -12,721 | 1,720 | -7,051 | 7,691 | 17,700 | 25,914 |
| Cash flow from operations | 209,203 | -5,864,818 | 4,395,353 | 3,575,612 | -177,998 | 5,897,621 | 629,995 | 215,589 | 1,423,249 | -190,672 | 972,302 | -3,926,388 | 975,347 | 160,923 | -3,215,054 |
| Investing Activities | |||||||||||||||
| capital expenditure | -423,649 | -230,272 | -33,220 | ||||||||||||
| Change in Investments | -13,690,888 | -5,265,158 | 13,440,199 | 5,515,846 | 398,170 | 112,228 | -100 | 40,347 | 37,647 | 60,000 | 100,000 | ||||
| cash flow from investments | -423,649 | -290,272 | -133,220 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -137,252 | -39,943 | -214,992 | 23,640 | -52,744 | -63,023 | 484,314 | ||||||||
| Group/Directors Accounts | -16,515,579 | 8,864,550 | 7,450,626 | 5,287,875 | 36,135 | 1,372,356 | -136,347 | -101,920 | -51,964 | -13,283 | -117,824 | 20,297 | 401,041 | ||
| Other Short Term Loans | -7,809,397 | 5,074,511 | 538,634 | -1,190,690 | 3,386,942 | ||||||||||
| Long term loans | -119,624 | -137,251 | -177,196 | -392,189 | 262,321 | -421,291 | 985,230 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 10,453,185 | -67,006 | -163,477 | -66,480 | -115,764 | -33,771 | 8,181 | 1,606 | -7,464 | -13,498 | -30,441 | -55,002 | -73,701 | -83,365 | -110,101 |
| cash flow from financing | -6,981,748 | 988,147 | 12,361,660 | 5,760,029 | -1,270,319 | 4,725,027 | 8,181 | 1,606 | -400,687 | -292,612 | -474,593 | -436,834 | 18,052 | -547,382 | 10,587,508 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,015,848 | -16,321 | -743,362 | 1,907,955 | -1,649,859 | -1,755,813 | 755,878 | 162,886 | 782,484 | -522,997 | 391,214 | 16,542 | 161,593 | -201,565 | 1,935,080 |
| overdraft | -119,623 | 1,636 | 117,987 | -412,644 | 412,644 | ||||||||||
| change in cash | 3,015,848 | -16,321 | -743,362 | 1,907,955 | -1,649,859 | -1,755,813 | 755,878 | 282,509 | 780,848 | -640,984 | 391,214 | 16,542 | 574,237 | -614,209 | 1,935,080 |
national timber group scotland limited Credit Report and Business Information
National Timber Group Scotland Limited Competitor Analysis
Perform a competitor analysis for national timber group scotland limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in FK3 area or any other competitors across 12 key performance metrics.
national timber group scotland limited Ownership
NATIONAL TIMBER GROUP SCOTLAND LIMITED group structure
National Timber Group Scotland Limited has 4 subsidiary companies.
Ultimate parent company
CAIRNGORM CAPITAL PARTNERS II LP
#0132243
2 parents
NATIONAL TIMBER GROUP SCOTLAND LIMITED
SC080045
4 subsidiaries
national timber group scotland limited directors
National Timber Group Scotland Limited currently has 5 directors. The longest serving directors include Mr Grant Wilson (Jun 2024) and Mr Jonathan Gatfield (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Grant Wilson | 58 years | Jun 2024 | - | Director | |
| Mr Jonathan Gatfield | United Kingdom | 65 years | Jun 2024 | - | Director |
| Mr Paul Procyk | United States | 60 years | Jan 2025 | - | Director |
| Mr Joshua Shipley | United States | 45 years | Jan 2025 | - | Director |
| Mr Daniel Scott | England | 43 years | Feb 2025 | - | Director |
P&L
December 2023turnover
84.2m
+2%
operating profit
-12.7m
-2701%
gross margin
28.3%
-3.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.1m
-0.2%
total assets
35.7m
-0.34%
cash
4.2m
+2.46%
net assets
Total assets minus all liabilities
national timber group scotland limited company details
company number
SC080045
Type
Private limited with Share Capital
industry
46130 - Agents involved in the sale of timber and building materials
incorporation date
September 1982
age
43
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
rembrand timber limited (March 2020)
accountant
-
auditor
BHP LLP
address
thornbridge yard, laurieston road, grangemouth, stirlingshire, FK3 8XX
Bank
PNC FINANCIAL SERVICES UK LTD
Legal Advisor
ADDLESHAW GODDARD LLP
national timber group scotland 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 28 charges/mortgages relating to national timber group scotland limited. Currently there are 12 open charges and 16 have been satisfied in the past.
national timber group scotland 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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national timber group scotland limited Companies House Filings - See Documents
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