orchard timber products limited
orchard timber products limited Company Information
Company Number
SC261671
Next Accounts
215 days late
Shareholders
national timber group scotland ltd
Group Structure
View All
Industry
Wholesale of wood, construction materials and sanitary equipment
Registered Address
unit 2 orchardbank industrial, estate, newford park, forfar, angus, DD8 1TD
orchard timber products limited Estimated Valuation
Pomanda estimates the enterprise value of ORCHARD TIMBER PRODUCTS LIMITED at £16m based on a Turnover of £28.1m and 0.57x industry multiple (adjusted for size and gross margin).
orchard timber products limited Estimated Valuation
Pomanda estimates the enterprise value of ORCHARD TIMBER PRODUCTS LIMITED at £16m based on an EBITDA of £2.8m and a 5.65x industry multiple (adjusted for size and gross margin).
orchard timber products limited Estimated Valuation
Pomanda estimates the enterprise value of ORCHARD TIMBER PRODUCTS LIMITED at £20.8m based on Net Assets of £10.3m and 2.03x industry multiple (adjusted for liquidity).
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Orchard Timber Products Limited Overview
Orchard Timber Products Limited is a live company located in forfar, DD8 1TD with a Companies House number of SC261671. It operates in the wholesale of wood, construction materials and sanitary equipment sector, SIC Code 46730. Founded in January 2004, it's largest shareholder is national timber group scotland ltd with a 100% stake. Orchard Timber Products Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.1m with healthy growth in recent years.
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Orchard Timber Products Limited Health Check
Pomanda's financial health check has awarded Orchard Timber Products Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs
6 Strong
6 Regular
0 Weak
Size
annual sales of £28.1m, make it larger than the average company (£18m)
£28.1m - Orchard Timber Products Limited
£18m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.8%)
9% - Orchard Timber Products Limited
7.8% - Industry AVG
Production
with a gross margin of 19.9%, this company has a comparable cost of product (24%)
19.9% - Orchard Timber Products Limited
24% - Industry AVG
Profitability
an operating margin of 9.5% make it as profitable than the average company (8.2%)
9.5% - Orchard Timber Products Limited
8.2% - Industry AVG
Employees
with 75 employees, this is above the industry average (39)
75 - Orchard Timber Products Limited
39 - Industry AVG
Pay Structure
on an average salary of £44.3k, the company has an equivalent pay structure (£40.6k)
£44.3k - Orchard Timber Products Limited
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £374.5k, this is equally as efficient (£403.1k)
£374.5k - Orchard Timber Products Limited
£403.1k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is earlier than average (51 days)
40 days - Orchard Timber Products Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (43 days)
68 days - Orchard Timber Products Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 54 days, this is in line with average (63 days)
54 days - Orchard Timber Products Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (14 weeks)
25 weeks - Orchard Timber Products Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.5%, this is a lower level of debt than the average (50.1%)
35.5% - Orchard Timber Products Limited
50.1% - Industry AVG
ORCHARD TIMBER PRODUCTS LIMITED financials
Orchard Timber Products Limited's latest turnover from November 2022 is £28.1 million and the company has net assets of £10.3 million. According to their latest financial statements, Orchard Timber Products Limited has 75 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2022 | Nov 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,087,292 | 43,963,896 | 18,449,159 | 21,489,231 | 19,864,033 | 18,533,741 | 17,104,651 | 17,448,609 | 16,050,988 | 12,998,040 | 12,745,248 | 11,168,093 | 10,977,801 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 22,497,551 | 34,863,661 | 13,914,327 | 16,689,471 | 15,329,596 | 14,264,710 | 13,058,470 | 13,613,900 | 12,612,536 | 10,144,504 | 9,917,025 | 8,678,473 | 8,581,231 |
| Gross Profit | 5,589,741 | 9,100,235 | 4,534,832 | 4,799,760 | 4,534,437 | 4,269,031 | 4,046,181 | 3,834,709 | 3,438,452 | 2,853,536 | 2,828,223 | 2,489,620 | 2,396,570 |
| Admin Expenses | 2,934,225 | 4,804,196 | 3,613,700 | 3,733,058 | 3,844,886 | 3,539,662 | 3,389,771 | 3,115,199 | 2,936,193 | 2,471,751 | 2,558,769 | 2,166,596 | 2,000,862 |
| Operating Profit | 2,655,516 | 4,296,039 | 921,132 | 1,066,702 | 689,551 | 729,369 | 656,410 | 719,510 | 502,259 | 381,785 | 269,454 | 323,024 | 395,708 |
| Interest Payable | 101 | 2,057 | 3,400 | 2,123 | 704 | 5,352 | 7,118 | 8,099 | 11,731 | 13,892 | 16,931 | 16,110 | |
| Interest Receivable | 7,026 | 13,587 | 11,516 | 9,182 | 6,312 | 4,837 | 3,713 | 1,495 | 1,563 | 1,085 | 777 | 669 | |
| Pre-Tax Profit | 2,655,415 | 4,301,008 | 931,319 | 1,076,095 | 698,433 | 734,977 | 653,345 | 716,105 | 495,655 | 371,617 | 256,647 | 306,870 | 380,267 |
| Tax | -16,928 | -834,597 | -178,918 | -204,915 | -133,977 | -146,837 | -130,967 | -154,192 | -89,489 | -86,789 | -52,721 | -67,655 | -92,241 |
| Profit After Tax | 2,638,487 | 3,466,411 | 752,401 | 871,180 | 564,456 | 588,140 | 522,378 | 561,913 | 406,166 | 284,828 | 203,926 | 239,215 | 288,026 |
| Dividends Paid | 897,370 | 179,474 | 179,474 | 179,474 | 210,000 | 420,000 | 210,000 | 188,750 | 226,500 | ||||
| Retained Profit | 2,638,487 | 2,569,041 | 572,927 | 691,706 | 384,982 | 378,140 | 102,378 | 351,913 | 406,166 | 96,078 | 203,926 | 239,215 | 61,526 |
| Employee Costs | 3,321,455 | 5,576,178 | 2,538,970 | 2,442,093 | 2,454,622 | 2,184,053 | 2,042,684 | 1,851,309 | 1,826,282 | 1,507,949 | 1,675,133 | 1,257,145 | 1,118,058 |
| Number Of Employees | 75 | 78 | 69 | 68 | 66 | 61 | 58 | 54 | 51 | 44 | 41 | 39 | 36 |
| EBITDA* | 2,828,609 | 4,495,751 | 1,055,469 | 1,217,805 | 806,672 | 885,874 | 782,897 | 835,899 | 601,465 | 498,855 | 375,606 | 433,598 | 512,344 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | Nov 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 391,362 | 449,982 | 491,618 | 428,616 | 342,981 | 460,102 | 370,135 | 370,265 | 326,189 | 349,105 | 454,351 | 647,512 | 643,838 |
| Intangible Assets | |||||||||||||
| Investments & Other | 479 | 479 | 479 | 10 | 469 | 2,550 | 2,550 | ||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 391,841 | 450,461 | 492,097 | 428,626 | 342,981 | 460,571 | 370,135 | 372,815 | 328,739 | 349,105 | 454,351 | 647,512 | 643,838 |
| Stock & work in progress | 3,343,377 | 4,037,161 | 2,466,034 | 2,379,279 | 2,522,530 | 2,206,908 | 1,905,411 | 1,726,440 | 1,378,272 | 1,151,546 | 1,113,991 | 1,090,791 | 966,068 |
| Trade Debtors | 3,108,436 | 3,528,889 | 817,353 | 2,809,240 | 2,469,561 | 2,489,373 | 1,983,036 | 2,283,002 | 2,648,420 | 2,254,409 | 1,821,264 | 1,851,837 | 2,047,007 |
| Group Debtors | 5,681,832 | 2,681,868 | 281,653 | 133,555 | 168,830 | 5,111 | |||||||
| Misc Debtors | 699,200 | 669,077 | 135,855 | 85,113 | 95,243 | 308,069 | 87,864 | 74,223 | 171,567 | 33,504 | 33,999 | 20,416 | 25,396 |
| Cash | 2,724,802 | 2,665,883 | 3,096,421 | 2,126,512 | 1,965,109 | 2,445,489 | 1,567,643 | 1,223,218 | 993,366 | 1,405,740 | 1,356,796 | 862,719 | 695,562 |
| misc current assets | |||||||||||||
| total current assets | 15,557,647 | 13,582,878 | 6,797,316 | 7,533,699 | 7,221,273 | 7,449,839 | 5,543,954 | 5,311,994 | 5,191,625 | 4,845,199 | 4,326,050 | 3,825,763 | 3,734,033 |
| total assets | 15,949,488 | 14,033,339 | 7,289,413 | 7,962,325 | 7,564,254 | 7,910,410 | 5,914,089 | 5,684,809 | 5,520,364 | 5,194,304 | 4,780,401 | 4,473,275 | 4,377,871 |
| Bank overdraft | 72,880 | ||||||||||||
| Bank loan | 121,189 | 18,568 | |||||||||||
| Trade Creditors | 4,237,275 | 3,762,566 | 1,660,842 | 2,950,346 | 3,362,674 | 3,783,297 | 2,123,465 | 2,120,314 | 2,711,123 | 2,571,648 | 2,275,390 | 2,019,850 | 2,060,001 |
| Group/Directors Accounts | 8,800 | 42,358 | 118,962 | 178,601 | 109,423 | 209,254 | 107,223 | 2,195 | 58,093 | 140,487 | |||
| other short term finances | |||||||||||||
| hp & lease commitments | 4,249 | 49,708 | 52,156 | 25,431 | 56,434 | 48,278 | 83,668 | 116,233 | 78,379 | 63,454 | |||
| other current liabilities | 1,326,208 | 2,506,941 | 1,029,358 | 877,685 | 847,071 | 687,388 | 617,750 | 545,683 | 272,431 | 414,461 | 272,145 | 273,138 | 352,283 |
| total current liabilities | 5,572,283 | 6,273,756 | 2,782,266 | 3,999,149 | 4,388,346 | 4,580,108 | 2,975,900 | 2,829,654 | 3,031,832 | 3,071,972 | 2,663,768 | 2,623,529 | 2,634,793 |
| loans | 129,875 | ||||||||||||
| hp & lease commitments | 27,614 | 73,242 | 25,431 | 32,399 | 81,780 | 164,269 | 111,054 | 122,159 | |||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | 85,135 | 106,000 | 87,820 | 71,617 | 49,297 | 68,447 | 54,943 | 48,856 | 27,178 | 52,880 | 60,770 | 51,024 | 42,591 |
| total long term liabilities | 85,135 | 106,000 | 115,434 | 144,859 | 49,297 | 68,447 | 54,943 | 74,287 | 59,577 | 134,660 | 225,039 | 162,078 | 294,625 |
| total liabilities | 5,657,418 | 6,379,756 | 2,897,700 | 4,144,008 | 4,437,643 | 4,648,555 | 3,030,843 | 2,903,941 | 3,091,409 | 3,206,632 | 2,888,807 | 2,785,607 | 2,929,418 |
| net assets | 10,292,070 | 7,653,583 | 4,391,713 | 3,818,317 | 3,126,611 | 3,261,855 | 2,883,246 | 2,780,868 | 2,428,955 | 1,987,672 | 1,891,594 | 1,687,668 | 1,448,453 |
| total shareholders funds | 10,292,070 | 7,653,583 | 4,391,713 | 3,818,317 | 3,126,611 | 3,261,855 | 2,883,246 | 2,780,868 | 2,428,955 | 1,987,672 | 1,891,594 | 1,687,668 | 1,448,453 |
| Nov 2022 | Nov 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 2,655,516 | 4,296,039 | 921,132 | 1,066,702 | 689,551 | 729,369 | 656,410 | 719,510 | 502,259 | 381,785 | 269,454 | 323,024 | 395,708 |
| Depreciation | 173,093 | 199,712 | 134,337 | 151,103 | 117,121 | 156,505 | 126,487 | 116,389 | 99,206 | 117,070 | 106,152 | 110,574 | 116,636 |
| Amortisation | |||||||||||||
| Tax | -16,928 | -834,597 | -178,918 | -204,915 | -133,977 | -146,837 | -130,967 | -154,192 | -89,489 | -86,789 | -52,721 | -67,655 | -92,241 |
| Stock | -693,784 | 1,571,127 | 86,755 | -143,251 | 315,622 | 301,497 | 178,971 | 348,168 | 226,726 | 37,555 | 23,200 | 124,723 | 966,068 |
| Debtors | 2,609,634 | 5,644,973 | -1,793,047 | 294,274 | -63,808 | 726,542 | -291,436 | -457,651 | 532,074 | 432,650 | -16,990 | -200,150 | 2,072,403 |
| Creditors | 474,709 | 2,101,724 | -1,289,504 | -412,328 | -420,623 | 1,659,832 | 3,151 | -590,809 | 139,475 | 296,258 | 255,540 | -40,151 | 2,060,001 |
| Accruals and Deferred Income | -1,180,733 | 1,477,583 | 151,673 | 30,614 | 159,683 | 69,638 | 72,067 | 273,252 | -142,030 | 142,316 | -993 | -79,145 | 352,283 |
| Deferred Taxes & Provisions | -20,865 | 18,180 | 16,203 | 22,320 | -19,150 | 13,504 | 6,087 | 21,678 | -25,702 | -7,890 | 9,746 | 8,433 | 42,591 |
| Cash flow from operations | 168,942 | 42,541 | 1,461,215 | 502,473 | 140,791 | 1,453,972 | 845,700 | 495,311 | -275,081 | 372,545 | 580,968 | 330,507 | -163,493 |
| Investing Activities | |||||||||||||
| capital expenditure | 30,000 | -225,534 | -125,770 | -88,251 | -81,161 | -11,824 | 86,759 | -36,848 | -10,071 | ||||
| Change in Investments | 469 | 10 | -469 | 469 | -2,550 | 2,550 | |||||||
| cash flow from investments | -469 | 29,990 | 469 | -226,003 | -123,220 | -88,251 | -83,711 | -11,824 | 86,759 | -36,848 | -10,071 | ||
| Financing Activities | |||||||||||||
| Bank loans | -121,189 | 102,621 | 18,568 | ||||||||||
| Group/Directors Accounts | 8,800 | -42,358 | -76,604 | -59,639 | 69,178 | -99,831 | 102,031 | 107,223 | -2,195 | 2,195 | -58,093 | -82,394 | 140,487 |
| Other Short Term Loans | |||||||||||||
| Long term loans | -129,875 | 129,875 | |||||||||||
| Hire Purchase and Lease Commitments | -4,249 | -73,073 | -48,076 | 125,398 | -25,431 | -56,434 | 1,188 | -84,771 | -115,054 | 91,069 | 3,820 | 185,613 | |
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | -101 | 4,969 | 10,187 | 9,393 | 9,182 | 5,608 | -515 | -3,405 | -6,604 | -10,168 | -12,807 | -16,154 | -15,441 |
| cash flow from financing | 4,450 | 582,367 | -114,024 | 75,152 | -441,866 | -119,185 | 45,082 | 105,006 | -58,453 | -123,027 | -101,020 | -121,982 | 1,846,029 |
| cash and cash equivalents | |||||||||||||
| cash | 58,919 | -430,538 | 969,909 | 161,403 | -480,380 | 877,846 | 344,425 | 229,852 | -412,374 | 48,944 | 494,077 | 167,157 | 695,562 |
| overdraft | -72,880 | 72,880 | |||||||||||
| change in cash | 58,919 | -430,538 | 969,909 | 161,403 | -480,380 | 877,846 | 344,425 | 229,852 | -412,374 | 48,944 | 566,957 | 94,277 | 695,562 |
orchard timber products limited Credit Report and Business Information
Orchard Timber Products Limited Competitor Analysis
Perform a competitor analysis for orchard timber products 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 DD8 area or any other competitors across 12 key performance metrics.
orchard timber products limited Ownership
ORCHARD TIMBER PRODUCTS LIMITED group structure
Orchard Timber Products Limited has 2 subsidiary companies.
Ultimate parent company
CAIRNGORM CAPITAL PARTNERS II LP
#0132243
2 parents
ORCHARD TIMBER PRODUCTS LIMITED
SC261671
2 subsidiaries
orchard timber products limited directors
Orchard Timber Products Limited currently has 2 directors. The longest serving directors include Mr Grant Wilson (Jun 2024) and Mr Daniel Scott (Feb 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Grant Wilson | 58 years | Jun 2024 | - | Director | |
| Mr Daniel Scott | England | 43 years | Feb 2025 | - | Director |
P&L
November 2022turnover
28.1m
-36%
operating profit
2.7m
-38%
gross margin
20%
-3.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
10.3m
+0.34%
total assets
15.9m
+0.14%
cash
2.7m
+0.02%
net assets
Total assets minus all liabilities
orchard timber products limited company details
company number
SC261671
Type
Private limited with Share Capital
industry
46730 - Wholesale of wood, construction materials and sanitary equipment
incorporation date
January 2004
age
21
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
November 2022
previous names
mck north limited (March 2004)
castlelaw (no.490) limited (March 2004)
accountant
BHP LLP
auditor
-
address
unit 2 orchardbank industrial, estate, newford park, forfar, angus, DD8 1TD
Bank
-
Legal Advisor
-
orchard timber products 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 6 charges/mortgages relating to orchard timber products limited. Currently there are 0 open charges and 6 have been satisfied in the past.
orchard timber products 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.
Click to start generating capital raising & share issue transactions for ORCHARD TIMBER PRODUCTS LIMITED. This can take several minutes, an email will notify you when this has completed.
orchard timber products limited Companies House Filings - See Documents
| date | description | view/download |
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