munro sawmills ltd. Company Information
Company Number
SC228923
Next Accounts
Sep 2025
Shareholders
h.d. blake
c.l. blake
View AllGroup Structure
View All
Industry
Sawmilling and planing of wood
Registered Address
old evanton road, dingwall, ross-shire, IV15 9UN
Website
www.munrosawmills.communro sawmills ltd. Estimated Valuation
Pomanda estimates the enterprise value of MUNRO SAWMILLS LTD. at £6.8m based on a Turnover of £23.3m and 0.29x industry multiple (adjusted for size and gross margin).
munro sawmills ltd. Estimated Valuation
Pomanda estimates the enterprise value of MUNRO SAWMILLS LTD. at £0 based on an EBITDA of £-254.9k and a 2.87x industry multiple (adjusted for size and gross margin).
munro sawmills ltd. Estimated Valuation
Pomanda estimates the enterprise value of MUNRO SAWMILLS LTD. at £7.5m based on Net Assets of £5.6m and 1.34x industry multiple (adjusted for liquidity).
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Munro Sawmills Ltd. Overview
Munro Sawmills Ltd. is a live company located in ross-shire, IV15 9UN with a Companies House number of SC228923. It operates in the sawmilling and planing of wood sector, SIC Code 16100. Founded in March 2002, it's largest shareholder is h.d. blake with a 51.3% stake. Munro Sawmills Ltd. is a mature, large sized company, Pomanda has estimated its turnover at £23.3m with high growth in recent years.
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Munro Sawmills Ltd. Health Check
Pomanda's financial health check has awarded Munro Sawmills Ltd. a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £23.3m, make it in line with the average company (£21.7m)
£23.3m - Munro Sawmills Ltd.
£21.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (7.7%)
28% - Munro Sawmills Ltd.
7.7% - Industry AVG
Production
with a gross margin of 0.3%, this company has a higher cost of product (23.4%)
0.3% - Munro Sawmills Ltd.
23.4% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (5.1%)
-2.4% - Munro Sawmills Ltd.
5.1% - Industry AVG
Employees
with 50 employees, this is below the industry average (77)
50 - Munro Sawmills Ltd.
77 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£39.6k)
£34k - Munro Sawmills Ltd.
£39.6k - Industry AVG
Efficiency
resulting in sales per employee of £465.4k, this is more efficient (£252.9k)
£465.4k - Munro Sawmills Ltd.
£252.9k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (44 days)
55 days - Munro Sawmills Ltd.
44 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (36 days)
48 days - Munro Sawmills Ltd.
36 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (68 days)
7 days - Munro Sawmills Ltd.
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (13 weeks)
7 weeks - Munro Sawmills Ltd.
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.6%, this is a similar level of debt than the average (41.6%)
41.6% - Munro Sawmills Ltd.
41.6% - Industry AVG
MUNRO SAWMILLS LTD. financials
Munro Sawmills Ltd.'s latest turnover from December 2023 is £23.3 million and the company has net assets of £5.6 million. According to their latest financial statements, Munro Sawmills Ltd. has 50 employees and maintains cash reserves of £632.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 23,268,036 | 20,990,645 | 11,556,655 | 11,013,528 | |||||||||||
Other Income Or Grants | 0 | 0 | 0 | 0 | |||||||||||
Cost Of Sales | 23,189,293 | 19,416,806 | 9,966,881 | 9,454,436 | |||||||||||
Gross Profit | 78,743 | 1,573,839 | 1,589,774 | 1,559,092 | |||||||||||
Admin Expenses | 647,082 | 421,386 | 374,504 | 388,614 | |||||||||||
Operating Profit | -568,339 | 1,152,453 | 1,215,270 | 1,170,478 | |||||||||||
Interest Payable | 30,642 | 11,008 | 5,864 | 5,600 | |||||||||||
Interest Receivable | 0 | 262 | 0 | 433 | |||||||||||
Pre-Tax Profit | -598,981 | 1,141,707 | 1,209,406 | 1,165,311 | |||||||||||
Tax | 232,264 | -155,700 | -222,134 | -233,892 | |||||||||||
Profit After Tax | -366,717 | 986,007 | 987,272 | 931,419 | |||||||||||
Dividends Paid | 126,000 | 177,800 | 139,600 | 117,600 | |||||||||||
Retained Profit | -623,484 | 763,157 | 847,672 | 813,819 | |||||||||||
Employee Costs | 1,700,423 | 2,146,785 | 1,918,458 | 1,619,823 | |||||||||||
Number Of Employees | 50 | 54 | 52 | 45 | 48 | 45 | 54 | 40 | 37 | ||||||
EBITDA* | -254,863 | 1,336,523 | 1,475,471 | 1,434,997 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 4,432,087 | 3,763,595 | 2,222,234 | 2,071,600 | 2,055,331 | 1,607,640 | 1,469,428 | 643,386 | 641,712 | 481,158 | 521,722 | 618,513 | 1,056,719 | 1,110,946 | 1,179,359 |
Intangible Assets | 9,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,045 | 18,965 | 20,885 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 594,390 | 494,390 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 4,441,087 | 3,773,595 | 2,222,234 | 2,071,600 | 2,055,331 | 1,607,640 | 1,469,428 | 643,386 | 641,712 | 1,075,548 | 1,016,112 | 618,513 | 1,073,764 | 1,129,911 | 1,200,244 |
Stock & work in progress | 470,784 | 492,323 | 585,042 | 326,004 | 338,992 | 484,510 | 319,033 | 399,532 | 475,474 | 377,145 | 212,167 | 365,706 | 375,948 | 299,899 | 185,574 |
Trade Debtors | 3,506,824 | 4,360,873 | 1,830,670 | 1,608,547 | 1,393,879 | 1,538,515 | 1,037,174 | 1,086,688 | 961,444 | 1,437,848 | 1,589,948 | 2,263,793 | 1,517,772 | 1,152,586 | 953,273 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,731,588 | 1,297,154 | 652,854 | 651,131 | 734,117 | 0 | 671,359 | 680,519 | 532,944 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 632,827 | 2,064,950 | 1,714,984 | 2,024,979 | 558,784 | 144,268 | 100,712 | 773,931 | 996,244 | 1,026,838 | 196,279 | 0 | 40,410 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 6,342,023 | 8,215,300 | 4,783,550 | 4,610,661 | 3,025,772 | 3,033,896 | 2,128,278 | 2,940,670 | 2,966,106 | 2,841,831 | 1,998,394 | 2,629,499 | 1,934,130 | 1,452,485 | 1,138,847 |
total assets | 10,783,110 | 11,988,895 | 7,005,784 | 6,682,261 | 5,081,103 | 4,641,536 | 3,597,706 | 3,584,056 | 3,607,818 | 3,917,379 | 3,014,506 | 3,248,012 | 3,007,894 | 2,582,396 | 2,339,091 |
Bank overdraft | 536,553 | 439,065 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,377 | 135,591 | 42,780 | 157,302 | 126,489 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 3,104,699 | 3,423,487 | 610,736 | 858,773 | 518,708 | 544,522 | 360,721 | 497,302 | 419,594 | 1,163,916 | 1,061,002 | 762,860 | 761,125 | 449,702 | 501,843 |
Group/Directors Accounts | 332,646 | 507,739 | 176,460 | 195,083 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,575 | 53,575 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 15,427 | 36,725 | 96,031 | 108,038 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 235,143 | 504,154 | 351,042 | 607,804 | 513,829 | 0 | 269,608 | 247,328 | 432,765 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 4,224,468 | 4,911,170 | 1,234,269 | 1,769,698 | 1,032,537 | 1,024,443 | 630,329 | 744,630 | 852,359 | 1,163,916 | 1,082,379 | 898,451 | 803,905 | 660,579 | 681,907 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,467 | 64,338 | 707,209 | 750,080 |
hp & lease commitments | 0 | 15,427 | 52,452 | 147,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 17,252 | 31,801 | 51,635 | 0 | 0 | 0 | 0 | 0 | 0 | 3,096 | 17,428 | 71,187 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 129,418 | 0 | 289,781 | 0 | 0 | 0 | 0 | 612,250 | 633,250 | 54,250 | 20,654 |
provisions | 238,158 | 234,548 | 192,893 | 137,717 | 106,104 | 0 | 97,824 | 85,056 | 84,920 | 54,955 | 54,735 | 57,240 | 82,003 | 75,616 | 27,026 |
total long term liabilities | 255,410 | 281,776 | 296,980 | 285,700 | 235,522 | 313,651 | 387,605 | 85,056 | 84,920 | 58,051 | 72,163 | 762,144 | 779,591 | 837,075 | 797,760 |
total liabilities | 4,479,878 | 5,192,946 | 1,531,249 | 2,055,398 | 1,268,059 | 1,338,094 | 1,017,934 | 829,686 | 937,279 | 1,221,967 | 1,154,542 | 1,660,595 | 1,583,496 | 1,497,654 | 1,479,667 |
net assets | 5,614,207 | 6,237,691 | 5,474,535 | 4,626,863 | 3,813,044 | 3,303,442 | 2,579,772 | 2,754,370 | 2,670,539 | 2,695,412 | 1,859,964 | 1,587,417 | 1,424,398 | 1,084,742 | 859,424 |
total shareholders funds | 5,614,207 | 6,237,691 | 5,474,535 | 4,626,863 | 3,813,044 | 3,303,442 | 2,579,772 | 2,754,370 | 2,670,539 | 2,695,412 | 1,859,964 | 1,587,417 | 1,424,398 | 1,084,742 | 859,424 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -568,339 | 1,152,453 | 1,215,270 | 1,170,478 | |||||||||||
Depreciation | 312,476 | 272,014 | 260,201 | 264,519 | 253,976 | 248,762 | 237,184 | 127,868 | 124,452 | 109,925 | 125,697 | 168,631 | 190,043 | 205,600 | 221,547 |
Amortisation | 1,000 | -87,944 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,205 | 1,920 | 1,920 | 2,155 | |
Tax | 232,264 | -155,700 | -222,134 | -233,892 | |||||||||||
Stock | -21,539 | -92,719 | 259,038 | -12,988 | -145,518 | 165,477 | -80,499 | -75,942 | 98,329 | 164,978 | -153,539 | -10,242 | 76,049 | 114,325 | 185,574 |
Debtors | -419,615 | 3,174,503 | 223,846 | 131,682 | 589,481 | -170,018 | -58,674 | 272,819 | -537,850 | -52,100 | -179,455 | 746,021 | 365,186 | 199,313 | 953,273 |
Creditors | -318,788 | 2,812,751 | -248,037 | 340,065 | -25,814 | 183,801 | -136,581 | 77,708 | -744,322 | 102,914 | 298,142 | 1,735 | 311,423 | -52,141 | 501,843 |
Accruals and Deferred Income | -283,560 | 133,278 | -205,127 | 93,975 | 513,829 | -269,608 | 22,280 | -185,437 | 429,669 | -14,332 | -53,759 | 71,187 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 3,610 | 41,655 | 55,176 | 31,613 | 106,104 | -97,824 | 12,768 | 136 | 29,965 | 220 | -2,505 | -24,763 | 6,387 | 48,590 | 27,026 |
Cash flow from operations | -180,183 | 1,086,723 | 372,465 | 1,548,064 | |||||||||||
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | |||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | |||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -175,093 | 331,279 | -18,623 | 195,083 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,575 | 0 | 53,575 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21,467 | -42,871 | -642,871 | -42,871 | 750,080 |
Hire Purchase and Lease Commitments | -36,725 | -96,331 | -107,538 | 256,021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | -129,418 | 129,418 | -289,781 | 289,781 | 0 | 0 | 0 | -612,250 | -21,000 | 579,000 | 33,596 | 20,654 |
share issue | |||||||||||||||
interest | -30,642 | -10,746 | -5,864 | -5,167 | |||||||||||
cash flow from financing | -242,460 | 224,201 | -132,025 | 316,519 | |||||||||||
cash and cash equivalents | |||||||||||||||
cash | -1,432,123 | 349,966 | -309,995 | 1,466,195 | 414,516 | 43,556 | -673,219 | -222,313 | -30,594 | 830,559 | 196,279 | -40,410 | 40,410 | 0 | 0 |
overdraft | 97,488 | 439,065 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21,377 | -114,214 | 92,811 | -114,522 | 30,813 | 126,489 |
change in cash | -1,529,611 | -89,099 | -309,995 | 1,466,195 | 414,516 | 43,556 | -673,219 | -222,313 | -30,594 | 851,936 | 310,493 | -133,221 | 154,932 | -30,813 | -126,489 |
munro sawmills ltd. Credit Report and Business Information
Munro Sawmills Ltd. Competitor Analysis
Perform a competitor analysis for munro sawmills ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in IV15 area or any other competitors across 12 key performance metrics.
munro sawmills ltd. Ownership
MUNRO SAWMILLS LTD. group structure
Munro Sawmills Ltd. has no subsidiary companies.
Ultimate parent company
MUNRO SAWMILLS LTD.
SC228923
munro sawmills ltd. directors
Munro Sawmills Ltd. currently has 4 directors. The longest serving directors include Mr Christopher Blake (Mar 2002) and Mr Henry Blake (Mar 2002).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Christopher Blake | 42 years | Mar 2002 | - | Director | |
Mr Henry Blake | 45 years | Mar 2002 | - | Director | |
Mr Philip Blake | 74 years | Mar 2002 | - | Director | |
Ms Edith Blake | 74 years | Mar 2002 | - | Director |
P&L
December 2023turnover
23.3m
+11%
operating profit
-568.3k
-149%
gross margin
0.4%
-95.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.6m
-0.1%
total assets
10.8m
-0.1%
cash
632.8k
-0.69%
net assets
Total assets minus all liabilities
munro sawmills ltd. company details
company number
SC228923
Type
Private limited with Share Capital
industry
16100 - Sawmilling and planing of wood
incorporation date
March 2002
age
23
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
C T
address
old evanton road, dingwall, ross-shire, IV15 9UN
Bank
CLYDESDALE BANK
Legal Advisor
-
munro sawmills 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 found 1 charges/mortgages relating to munro sawmills ltd.. Currently there are 1 open charges and 0 have been satisfied in the past.
munro sawmills 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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munro sawmills ltd. Companies House Filings - See Documents
date | description | view/download |
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