robertson timber engineering limited
robertson timber engineering limited Company Information
Company Number
SC166924
Next Accounts
2 days late
Shareholders
robertson group ltd
Group Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
+2Registered Address
robertson group ltd, 10 perimeter road, pinefield industrial estate, elgin iv30 3af, IV30 6AE
Website
www.robertson.co.ukrobertson timber engineering limited Estimated Valuation
Pomanda estimates the enterprise value of ROBERTSON TIMBER ENGINEERING LIMITED at £8.1m based on a Turnover of £12.4m and 0.65x industry multiple (adjusted for size and gross margin).
robertson timber engineering limited Estimated Valuation
Pomanda estimates the enterprise value of ROBERTSON TIMBER ENGINEERING LIMITED at £5.9m based on an EBITDA of £1.1m and a 5.21x industry multiple (adjusted for size and gross margin).
robertson timber engineering limited Estimated Valuation
Pomanda estimates the enterprise value of ROBERTSON TIMBER ENGINEERING LIMITED at £5.6m based on Net Assets of £2.8m and 1.98x industry multiple (adjusted for liquidity).
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Robertson Timber Engineering Limited Overview
Robertson Timber Engineering Limited is a live company located in pinefield industrial estate, IV30 6AE with a Companies House number of SC166924. It operates in the manufacture of other products of wood sector, SIC Code 16290. Founded in July 1996, it's largest shareholder is robertson group ltd with a 100% stake. Robertson Timber Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.4m with declining growth in recent years.
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Robertson Timber Engineering Limited Health Check
Pomanda's financial health check has awarded Robertson Timber Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £12.4m, make it larger than the average company (£6.8m)
£12.4m - Robertson Timber Engineering Limited
£6.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.5%)
-11% - Robertson Timber Engineering Limited
8.5% - Industry AVG
Production
with a gross margin of 32.2%, this company has a lower cost of product (25.7%)
32.2% - Robertson Timber Engineering Limited
25.7% - Industry AVG
Profitability
an operating margin of 8.6% make it more profitable than the average company (6.9%)
8.6% - Robertson Timber Engineering Limited
6.9% - Industry AVG
Employees
with 60 employees, this is above the industry average (33)
60 - Robertson Timber Engineering Limited
33 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£41.1k)
£47.1k - Robertson Timber Engineering Limited
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £207k, this is equally as efficient (£185.4k)
£207k - Robertson Timber Engineering Limited
£185.4k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (52 days)
27 days - Robertson Timber Engineering Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (39 days)
73 days - Robertson Timber Engineering Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is less than average (30 days)
20 days - Robertson Timber Engineering Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (17 weeks)
51 weeks - Robertson Timber Engineering Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.4%, this is a higher level of debt than the average (56.3%)
62.4% - Robertson Timber Engineering Limited
56.3% - Industry AVG
ROBERTSON TIMBER ENGINEERING LIMITED financials
Robertson Timber Engineering Limited's latest turnover from June 2023 is £12.4 million and the company has net assets of £2.8 million. According to their latest financial statements, Robertson Timber Engineering Limited has 60 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,420,000 | 15,938,000 | 13,863,000 | 17,631,000 | 23,623,000 | 15,231,000 | 10,868,000 | 11,318,000 | 8,098,000 | 4,750,000 | 5,771,000 | 12,662,000 | 15,558,000 | 17,105,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 8,423,000 | 11,296,000 | 10,572,000 | 14,703,000 | 20,963,000 | 12,541,000 | 8,607,000 | 8,770,000 | 6,449,000 | 3,650,000 | 5,283,000 | 11,877,000 | 14,657,000 | 13,866,000 |
| Gross Profit | 3,997,000 | 4,642,000 | 3,291,000 | 2,928,000 | 2,660,000 | 2,690,000 | 2,261,000 | 2,548,000 | 1,649,000 | 1,100,000 | 488,000 | 785,000 | 901,000 | 3,239,000 |
| Admin Expenses | 2,930,000 | 2,622,000 | 1,874,000 | 5,133,000 | 4,179,000 | 3,312,000 | 2,954,000 | 1,790,000 | 1,244,000 | 1,896,000 | 1,726,000 | 3,611,000 | 2,911,000 | 4,757,000 |
| Operating Profit | 1,067,000 | 2,020,000 | 1,417,000 | -2,205,000 | -1,519,000 | -622,000 | -693,000 | 758,000 | 405,000 | -796,000 | -1,238,000 | -2,826,000 | -2,010,000 | -1,518,000 |
| Interest Payable | 75,000 | 207,000 | 88,000 | 203,000 | 270,000 | 287,000 | 259,000 | 126,000 | 95,000 | |||||
| Interest Receivable | 46,000 | 25,000 | 3,000 | 24,000 | 28,000 | |||||||||
| Pre-Tax Profit | 1,113,000 | 2,045,000 | 1,342,000 | -2,412,000 | -1,607,000 | -622,000 | -669,000 | 786,000 | 202,000 | -1,066,000 | -1,525,000 | -3,085,000 | -2,136,000 | -1,613,000 |
| Tax | -373,000 | -397,000 | 58,000 | 479,000 | 307,000 | 113,000 | 133,000 | -11,000 | -138,000 | 366,000 | 802,000 | 533,000 | 405,000 | |
| Profit After Tax | 740,000 | 1,648,000 | 1,400,000 | -1,933,000 | -1,300,000 | -509,000 | -536,000 | 775,000 | 202,000 | -1,204,000 | -1,159,000 | -2,283,000 | -1,603,000 | -1,208,000 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 740,000 | 1,648,000 | 1,400,000 | -1,933,000 | -1,300,000 | -509,000 | -536,000 | 775,000 | 202,000 | -1,204,000 | -1,159,000 | -2,283,000 | -1,603,000 | -1,208,000 |
| Employee Costs | 2,825,000 | 2,519,000 | 2,283,000 | 4,659,000 | 4,949,000 | 3,685,000 | 2,872,000 | 2,149,000 | 1,420,000 | 959,000 | 1,621,000 | 2,695,000 | 2,829,000 | 4,071,000 |
| Number Of Employees | 60 | 65 | 60 | 112 | 142 | 109 | 83 | 50 | 38 | 29 | 43 | 82 | 86 | 82 |
| EBITDA* | 1,130,000 | 2,072,000 | 1,480,000 | -2,102,000 | -1,424,000 | -527,000 | -586,000 | 846,000 | 473,000 | -664,000 | -1,051,000 | -2,614,000 | -1,794,000 | -1,219,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 418,000 | 400,000 | 322,000 | 372,000 | 427,000 | 282,000 | 265,000 | 276,000 | 332,000 | 378,000 | 493,000 | 655,000 | 866,000 | 1,035,000 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 40,000 | 35,000 | ||||||||||||
| Total Fixed Assets | 458,000 | 435,000 | 322,000 | 372,000 | 427,000 | 282,000 | 265,000 | 276,000 | 332,000 | 378,000 | 493,000 | 655,000 | 866,000 | 1,035,000 |
| Stock & work in progress | 477,000 | 621,000 | 827,000 | 1,148,000 | 1,290,000 | 1,295,000 | 758,000 | 280,000 | 165,000 | 221,000 | 170,000 | 410,000 | 813,000 | 657,000 |
| Trade Debtors | 940,000 | 572,000 | 739,000 | 2,505,000 | 5,814,000 | 2,037,000 | 1,369,000 | 1,699,000 | 1,241,000 | 549,000 | 664,000 | 1,826,000 | 3,848,000 | 2,009,000 |
| Group Debtors | 901,000 | 1,606,000 | 2,284,000 | 122,000 | 1,248,000 | 559,000 | 935,000 | 576,000 | 466,000 | 152,000 | 23,000 | 485,000 | 118,000 | 482,000 |
| Misc Debtors | 73,000 | 143,000 | 110,000 | 861,000 | 1,308,000 | 250,000 | 121,000 | 100,000 | 23,000 | 386,000 | 530,000 | 1,687,000 | 897,000 | 541,000 |
| Cash | 4,611,000 | 3,040,000 | 197,000 | 1,378,000 | 3,142,000 | 2,075,000 | ||||||||
| misc current assets | ||||||||||||||
| total current assets | 7,002,000 | 5,982,000 | 3,960,000 | 4,636,000 | 9,660,000 | 4,338,000 | 4,561,000 | 5,797,000 | 3,970,000 | 1,308,000 | 1,387,000 | 4,408,000 | 5,676,000 | 3,689,000 |
| total assets | 7,460,000 | 6,417,000 | 4,282,000 | 5,008,000 | 10,087,000 | 4,620,000 | 4,826,000 | 6,073,000 | 4,302,000 | 1,686,000 | 1,880,000 | 5,063,000 | 6,542,000 | 4,724,000 |
| Bank overdraft | 170,000 | 4,637,000 | 3,892,000 | 6,222,000 | 5,642,000 | 6,082,000 | 4,959,000 | 1,371,000 | ||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 1,697,000 | 1,959,000 | 1,712,000 | 231,000 | 4,225,000 | 1,947,000 | 1,500,000 | 1,820,000 | 904,000 | 649,000 | 555,000 | 553,000 | 1,506,000 | 1,236,000 |
| Group/Directors Accounts | 20,000 | 7,000 | 40,000 | 39,000 | 3,000 | 1,000 | 13,000 | 104,000 | 14,000 | 44,000 | 32,000 | 292,000 | ||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 2,954,000 | 2,369,000 | 1,972,000 | 1,079,000 | 977,000 | 416,000 | 562,000 | 954,000 | 861,000 | 475,000 | 315,000 | 1,871,000 | 1,577,000 | 1,661,000 |
| total current liabilities | 4,651,000 | 4,348,000 | 3,861,000 | 5,987,000 | 9,133,000 | 2,366,000 | 2,063,000 | 2,774,000 | 1,778,000 | 7,450,000 | 6,526,000 | 8,550,000 | 8,074,000 | 4,560,000 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 414,000 | 328,000 | 328,000 | 93,000 | ||||||||||
| total long term liabilities | 414,000 | 328,000 | 328,000 | 93,000 | ||||||||||
| total liabilities | 4,651,000 | 4,348,000 | 3,861,000 | 5,987,000 | 9,133,000 | 2,366,000 | 2,063,000 | 2,774,000 | 1,778,000 | 7,864,000 | 6,854,000 | 8,878,000 | 8,074,000 | 4,653,000 |
| net assets | 2,809,000 | 2,069,000 | 421,000 | -979,000 | 954,000 | 2,254,000 | 2,763,000 | 3,299,000 | 2,524,000 | -6,178,000 | -4,974,000 | -3,815,000 | -1,532,000 | 71,000 |
| total shareholders funds | 2,809,000 | 2,069,000 | 421,000 | -979,000 | 954,000 | 2,254,000 | 2,763,000 | 3,299,000 | 2,524,000 | -6,178,000 | -4,974,000 | -3,815,000 | -1,532,000 | 71,000 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Apr 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,067,000 | 2,020,000 | 1,417,000 | -2,205,000 | -1,519,000 | -622,000 | -693,000 | 758,000 | 405,000 | -796,000 | -1,238,000 | -2,826,000 | -2,010,000 | -1,518,000 |
| Depreciation | 63,000 | 52,000 | 63,000 | 103,000 | 95,000 | 95,000 | 107,000 | 88,000 | 68,000 | 132,000 | 187,000 | 212,000 | 216,000 | 299,000 |
| Amortisation | ||||||||||||||
| Tax | -373,000 | -397,000 | 58,000 | 479,000 | 307,000 | 113,000 | 133,000 | -11,000 | -138,000 | 366,000 | 802,000 | 533,000 | 405,000 | |
| Stock | -144,000 | -206,000 | -321,000 | -142,000 | -5,000 | 537,000 | 478,000 | 115,000 | -56,000 | 51,000 | -240,000 | -403,000 | 156,000 | 657,000 |
| Debtors | -402,000 | -777,000 | -355,000 | -4,882,000 | 5,524,000 | 421,000 | 50,000 | 645,000 | 643,000 | -130,000 | -2,781,000 | -865,000 | 1,831,000 | 3,032,000 |
| Creditors | -262,000 | 247,000 | 1,481,000 | -3,994,000 | 2,278,000 | 447,000 | -320,000 | 916,000 | 255,000 | 94,000 | 2,000 | -953,000 | 270,000 | 1,236,000 |
| Accruals and Deferred Income | 585,000 | 397,000 | 893,000 | 102,000 | 561,000 | -146,000 | -392,000 | 93,000 | 386,000 | 160,000 | -1,556,000 | 294,000 | -84,000 | 1,661,000 |
| Deferred Taxes & Provisions | -414,000 | 86,000 | 328,000 | -93,000 | 93,000 | |||||||||
| Cash flow from operations | 1,626,000 | 3,302,000 | 4,588,000 | -491,000 | -3,797,000 | -1,071,000 | -1,693,000 | 1,084,000 | 113,000 | -383,000 | 782,000 | -875,000 | -3,155,000 | -1,513,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -20,000 | 13,000 | -33,000 | 1,000 | 36,000 | 2,000 | 1,000 | -13,000 | -91,000 | 90,000 | -30,000 | 12,000 | -260,000 | 292,000 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 46,000 | 25,000 | -75,000 | -207,000 | -88,000 | 3,000 | 24,000 | 28,000 | -203,000 | -270,000 | -287,000 | -259,000 | -126,000 | -95,000 |
| cash flow from financing | 26,000 | 38,000 | -108,000 | -206,000 | -52,000 | 5,000 | 25,000 | 15,000 | 8,206,000 | -180,000 | -317,000 | -247,000 | -386,000 | 1,476,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,571,000 | 3,040,000 | -197,000 | -1,181,000 | -1,764,000 | 1,067,000 | 2,075,000 | |||||||
| overdraft | -170,000 | -4,467,000 | 745,000 | 3,892,000 | -6,222,000 | 580,000 | -440,000 | 1,123,000 | 3,588,000 | 1,371,000 | ||||
| change in cash | 1,571,000 | 3,210,000 | 4,467,000 | -745,000 | -4,089,000 | -1,181,000 | -1,764,000 | 1,067,000 | 8,297,000 | -580,000 | 440,000 | -1,123,000 | -3,588,000 | -1,371,000 |
robertson timber engineering limited Credit Report and Business Information
Robertson Timber Engineering Limited Competitor Analysis
Perform a competitor analysis for robertson timber engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in IV30 area or any other competitors across 12 key performance metrics.
robertson timber engineering limited Ownership
ROBERTSON TIMBER ENGINEERING LIMITED group structure
Robertson Timber Engineering Limited has no subsidiary companies.
Ultimate parent company
2 parents
ROBERTSON TIMBER ENGINEERING LIMITED
SC166924
robertson timber engineering limited directors
Robertson Timber Engineering Limited currently has 5 directors. The longest serving directors include Mr William Robertson (Jul 1996) and Mr Elliot Robertson (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Robertson | 79 years | Jul 1996 | - | Director | |
| Mr Elliot Robertson | United Kingdom | 51 years | May 2018 | - | Director |
| Ms Irene Wilson | 54 years | Jan 2020 | - | Director | |
| Mr Brian McQuade | Scotland | 62 years | Feb 2020 | - | Director |
| Mr Michael Turner | Scotland | 54 years | Feb 2025 | - | Director |
P&L
June 2023turnover
12.4m
-22%
operating profit
1.1m
-47%
gross margin
32.2%
+10.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
2.8m
+0.36%
total assets
7.5m
+0.16%
cash
4.6m
+0.52%
net assets
Total assets minus all liabilities
Similar Companies
robertson timber engineering limited company details
company number
SC166924
Type
Private limited with Share Capital
industry
16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
43910 - Roofing activities
incorporation date
July 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
robertson timberkit limited (January 2012)
robertson timber products limited (May 2003)
accountant
-
auditor
RSM UK AUDIT LLP
address
robertson group ltd, 10 perimeter road, pinefield industrial estate, elgin iv30 3af, IV30 6AE
Bank
SANTANDER UK PLC, SANTANDER UK PLC
Legal Advisor
ADDLESHAW GODDARD LLP BRODIES LLP
robertson timber engineering 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 5 charges/mortgages relating to robertson timber engineering limited. Currently there are 0 open charges and 5 have been satisfied in the past.
robertson timber engineering 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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robertson timber engineering limited Companies House Filings - See Documents
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