ornua foods uk limited Company Information
Company Number
00362221
Website
http://ornuafoods.co.ukRegistered Address
sunnyhills road, leek, staffordshire, ST13 5SP
Industry
Butter and cheese production
Telephone
01538399111
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
irish dairy board (uk) ltd 100%
ornua foods uk limited Estimated Valuation
Pomanda estimates the enterprise value of ORNUA FOODS UK LIMITED at £389m based on a Turnover of £480.3m and 0.81x industry multiple (adjusted for size and gross margin).
ornua foods uk limited Estimated Valuation
Pomanda estimates the enterprise value of ORNUA FOODS UK LIMITED at £107.6m based on an EBITDA of £17m and a 6.35x industry multiple (adjusted for size and gross margin).
ornua foods uk limited Estimated Valuation
Pomanda estimates the enterprise value of ORNUA FOODS UK LIMITED at £129.5m based on Net Assets of £54.7m and 2.37x industry multiple (adjusted for liquidity).
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Ornua Foods Uk Limited Overview
Ornua Foods Uk Limited is a live company located in staffordshire, ST13 5SP with a Companies House number of 00362221. It operates in the butter and cheese production sector, SIC Code 10512. Founded in July 1940, it's largest shareholder is irish dairy board (uk) ltd with a 100% stake. Ornua Foods Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £480.3m with healthy growth in recent years.
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Ornua Foods Uk Limited Health Check
Pomanda's financial health check has awarded Ornua Foods Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £480.3m, make it larger than the average company (£52.4m)
£480.3m - Ornua Foods Uk Limited
£52.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.6%)
11% - Ornua Foods Uk Limited
7.6% - Industry AVG
Production
with a gross margin of 7.6%, this company has a higher cost of product (17.2%)
7.6% - Ornua Foods Uk Limited
17.2% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (4%)
2.7% - Ornua Foods Uk Limited
4% - Industry AVG
Employees
with 692 employees, this is above the industry average (132)
692 - Ornua Foods Uk Limited
132 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£36.4k)
£38.3k - Ornua Foods Uk Limited
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £694.1k, this is more efficient (£400.3k)
£694.1k - Ornua Foods Uk Limited
£400.3k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (44 days)
30 days - Ornua Foods Uk Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (35 days)
45 days - Ornua Foods Uk Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is in line with average (46 days)
48 days - Ornua Foods Uk Limited
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is more cash available to meet short term requirements (3 weeks)
11 weeks - Ornua Foods Uk Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.4%, this is a higher level of debt than the average (56.3%)
74.4% - Ornua Foods Uk Limited
56.3% - Industry AVG
ornua foods uk limited Credit Report and Business Information
Ornua Foods Uk Limited Competitor Analysis
Perform a competitor analysis for ornua foods uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ornua foods uk limited Ownership
ORNUA FOODS UK LIMITED group structure
Ornua Foods Uk Limited has no subsidiary companies.
Ultimate parent company
IRISH DAIRY BOARD CO-OPERATIVE LTD
#0156635
2 parents
ORNUA FOODS UK LIMITED
00362221
ornua foods uk limited directors
Ornua Foods Uk Limited currently has 5 directors. The longest serving directors include Mr Donal Buggy (Dec 2012) and Mr William Hunter (Jun 2015).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Donal Buggy | Ireland | 56 years | Dec 2012 | - | Director |
Mr William Hunter | 55 years | Jun 2015 | - | Director | |
Mr Stuart Stanley | 40 years | Jan 2019 | - | Director | |
Mr Kevin Green | 60 years | Jun 2022 | - | Director | |
Mr Simon Ball | 55 years | Nov 2022 | - | Director |
ORNUA FOODS UK LIMITED financials
Ornua Foods Uk Limited's latest turnover from December 2022 is £480.3 million and the company has net assets of £54.7 million. According to their latest financial statements, Ornua Foods Uk Limited has 692 employees and maintains cash reserves of £31.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 480,289,000 | 400,233,000 | 410,933,000 | 353,709,000 | 321,658,000 | 319,210,000 | 285,953,000 | 343,289,000 | 386,751,000 | 369,138,000 | 321,420,000 | 322,411,000 | 260,477,000 | 232,910,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 443,871,000 | 369,210,000 | 381,261,000 | 327,678,000 | 294,732,000 | 290,169,000 | 261,228,000 | 323,103,000 | 360,190,000 | 339,026,000 | 291,100,000 | 299,936,000 | 238,929,000 | 212,409,000 |
Gross Profit | 36,418,000 | 31,023,000 | 29,672,000 | 26,031,000 | 26,926,000 | 29,041,000 | 24,725,000 | 20,186,000 | 26,561,000 | 30,112,000 | 30,320,000 | 22,475,000 | 21,548,000 | 20,501,000 |
Admin Expenses | 23,620,000 | 21,969,000 | 22,906,000 | 20,229,000 | 18,373,000 | 20,679,000 | 24,094,000 | 26,521,000 | 24,294,000 | 27,218,000 | 23,100,000 | 23,058,000 | 15,073,000 | 12,969,000 |
Operating Profit | 12,798,000 | 9,054,000 | 6,766,000 | 5,802,000 | 8,553,000 | 8,362,000 | 631,000 | -6,335,000 | 2,267,000 | 2,894,000 | 7,220,000 | -583,000 | 6,475,000 | 7,532,000 |
Interest Payable | 2,686,000 | 1,657,000 | 2,288,000 | 2,640,000 | 1,880,000 | 1,781,000 | 1,989,000 | 1,864,000 | 994,000 | 586,000 | 776,000 | 695,000 | 470,000 | 906,000 |
Interest Receivable | 1,528,000 | 620,000 | 730,000 | 980,000 | 794,000 | 556,000 | 333,000 | 229,000 | 78,000 | 62,000 | 210,000 | 170,000 | 100,000 | 101,000 |
Pre-Tax Profit | 11,640,000 | 8,017,000 | 5,208,000 | 4,142,000 | 6,767,000 | 7,137,000 | -1,025,000 | -7,970,000 | 1,351,000 | 2,266,000 | 6,359,000 | -1,099,000 | 5,913,000 | 6,727,000 |
Tax | -1,864,000 | -1,604,000 | -309,000 | -621,000 | -1,215,000 | -1,385,000 | 199,000 | 1,659,000 | -356,000 | -462,000 | -1,394,000 | 225,000 | -2,117,000 | -2,293,000 |
Profit After Tax | 9,776,000 | 6,413,000 | 4,899,000 | 3,521,000 | 5,552,000 | 5,752,000 | -826,000 | -6,311,000 | 995,000 | 1,804,000 | 4,965,000 | -874,000 | 3,796,000 | 4,434,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 9,776,000 | 6,413,000 | 4,899,000 | 3,521,000 | 5,552,000 | 5,752,000 | -826,000 | -6,311,000 | 995,000 | 1,804,000 | 4,965,000 | -874,000 | 3,796,000 | 4,434,000 |
Employee Costs | 26,503,000 | 25,187,000 | 25,185,000 | 22,896,000 | 19,766,000 | 18,962,000 | 17,641,000 | 17,494,000 | 18,078,000 | 17,033,000 | 15,018,000 | 16,604,000 | 12,962,000 | 10,701,000 |
Number Of Employees | 692 | 720 | 746 | 676 | 599 | 617 | 645 | 723 | 675 | 649 | 624 | 707 | 554 | 492 |
EBITDA* | 16,952,000 | 12,958,000 | 10,726,000 | 9,272,000 | 12,087,000 | 11,405,000 | 4,228,000 | -2,863,000 | 6,236,000 | 6,669,000 | 11,115,000 | 3,402,000 | 9,923,000 | 10,712,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 29,698,000 | 30,329,000 | 29,658,000 | 29,451,000 | 30,728,000 | 29,735,000 | 28,179,000 | 27,550,000 | 30,418,000 | 28,941,000 | 29,047,000 | 30,388,000 | 33,871,000 | 28,388,000 |
Intangible Assets | 2,820,000 | 3,875,000 | 4,929,000 | 6,029,000 | 3,440,000 | 4,171,000 | 4,893,000 | 5,621,000 | 11,224,000 | 570,000 | 661,000 | 746,000 | 831,000 | 538,000 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,000 | 17,000 |
Debtors (Due After 1 year) | 2,737,000 | 1,963,000 | 2,251,000 | 1,579,000 | 1,663,000 | 1,799,000 | 1,882,000 | 1,353,000 | 1,507,000 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 35,255,000 | 36,167,000 | 36,838,000 | 37,059,000 | 35,831,000 | 35,705,000 | 34,954,000 | 34,524,000 | 43,149,000 | 29,511,000 | 29,708,000 | 31,134,000 | 34,719,000 | 28,943,000 |
Stock & work in progress | 58,506,000 | 53,731,000 | 48,583,000 | 45,847,000 | 41,887,000 | 25,273,000 | 25,606,000 | 28,850,000 | 51,343,000 | 33,568,000 | 37,748,000 | 41,359,000 | 44,332,000 | 18,784,000 |
Trade Debtors | 40,149,000 | 20,636,000 | 24,478,000 | 18,876,000 | 18,838,000 | 16,488,000 | 15,390,000 | 17,315,000 | 39,720,000 | 30,765,000 | 25,207,000 | 30,936,000 | 32,904,000 | 13,108,000 |
Group Debtors | 43,229,000 | 40,433,000 | 37,080,000 | 42,724,000 | 31,933,000 | 36,634,000 | 23,495,000 | 40,554,000 | 10,687,000 | 8,456,000 | 10,030,000 | 5,129,000 | 3,443,000 | 2,944,000 |
Misc Debtors | 4,896,000 | 3,639,000 | 3,058,000 | 2,455,000 | 1,308,000 | 1,364,000 | 2,836,000 | 2,920,000 | 2,921,000 | 5,846,000 | 2,916,000 | 7,208,000 | 1,756,000 | 1,295,000 |
Cash | 31,878,000 | 31,477,000 | 38,926,000 | 9,901,000 | 25,557,000 | 6,564,000 | 9,504,000 | 8,531,000 | 1,561,000 | 14,704,000 | 11,774,000 | 7,988,000 | 2,764,000 | 17,646,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 178,658,000 | 149,916,000 | 152,125,000 | 119,803,000 | 119,523,000 | 86,323,000 | 76,831,000 | 98,170,000 | 106,232,000 | 93,339,000 | 87,675,000 | 92,620,000 | 85,199,000 | 53,777,000 |
total assets | 213,913,000 | 186,083,000 | 188,963,000 | 156,862,000 | 155,354,000 | 122,028,000 | 111,785,000 | 132,694,000 | 149,381,000 | 122,850,000 | 117,383,000 | 123,754,000 | 119,918,000 | 82,720,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,664,000 | 0 | 0 | 0 | 2,501,000 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 55,707,000 | 43,562,000 | 40,212,000 | 32,373,000 | 25,929,000 | 26,498,000 | 24,323,000 | 18,041,000 | 25,301,000 | 19,882,000 | 25,772,000 | 16,761,000 | 15,142,000 | 9,795,000 |
Group/Directors Accounts | 78,177,000 | 75,530,000 | 88,309,000 | 69,300,000 | 76,752,000 | 49,772,000 | 47,401,000 | 71,577,000 | 63,134,000 | 61,870,000 | 52,394,000 | 64,245,000 | 63,960,000 | 41,383,000 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 10,324,000 | 7,494,000 | 8,173,000 | 8,369,000 | 9,533,000 | 8,850,000 | 9,637,000 | 12,898,000 | 13,285,000 | 6,718,000 | 6,446,000 | 15,455,000 | 9,632,000 | 6,672,000 |
total current liabilities | 144,208,000 | 126,586,000 | 136,694,000 | 110,042,000 | 112,214,000 | 85,120,000 | 81,361,000 | 102,516,000 | 112,384,000 | 88,470,000 | 84,612,000 | 96,461,000 | 91,235,000 | 57,850,000 |
loans | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 3,936,000 | 3,983,000 | 1,948,000 | 1,687,000 | 1,415,000 | 1,206,000 | 606,000 | 300,000 | 946,000 | 780,000 | 898,000 | 422,000 | 690,000 | 536,000 |
total long term liabilities | 14,983,000 | 11,594,000 | 13,892,000 | 11,074,000 | 11,298,000 | 11,877,000 | 11,768,000 | 7,907,000 | 8,570,000 | 3,249,000 | 3,624,000 | 2,888,000 | 1,276,000 | 4,222,000 |
total liabilities | 159,191,000 | 138,180,000 | 150,586,000 | 121,116,000 | 123,512,000 | 96,997,000 | 93,129,000 | 110,423,000 | 120,954,000 | 91,719,000 | 88,236,000 | 99,349,000 | 92,511,000 | 62,072,000 |
net assets | 54,722,000 | 47,903,000 | 38,377,000 | 35,746,000 | 31,842,000 | 25,031,000 | 18,656,000 | 22,271,000 | 28,427,000 | 31,131,000 | 29,147,000 | 24,405,000 | 27,407,000 | 20,648,000 |
total shareholders funds | 54,722,000 | 47,903,000 | 38,377,000 | 35,746,000 | 31,842,000 | 25,031,000 | 18,656,000 | 22,271,000 | 28,427,000 | 31,131,000 | 29,147,000 | 24,405,000 | 27,407,000 | 20,648,000 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 12,798,000 | 9,054,000 | 6,766,000 | 5,802,000 | 8,553,000 | 8,362,000 | 631,000 | -6,335,000 | 2,267,000 | 2,894,000 | 7,220,000 | -583,000 | 6,475,000 | 7,532,000 |
Depreciation | 3,099,000 | 2,850,000 | 2,860,000 | 2,741,000 | 2,803,000 | 2,312,000 | 2,869,000 | 2,179,000 | 2,908,000 | 3,684,000 | 3,810,000 | 3,900,000 | 3,388,000 | 3,128,000 |
Amortisation | 1,055,000 | 1,054,000 | 1,100,000 | 729,000 | 731,000 | 731,000 | 728,000 | 1,293,000 | 1,061,000 | 91,000 | 85,000 | 85,000 | 60,000 | 52,000 |
Tax | -1,864,000 | -1,604,000 | -309,000 | -621,000 | -1,215,000 | -1,385,000 | 199,000 | 1,659,000 | -356,000 | -462,000 | -1,394,000 | 225,000 | -2,117,000 | -2,293,000 |
Stock | 4,775,000 | 5,148,000 | 2,736,000 | 3,960,000 | 16,614,000 | -333,000 | -3,244,000 | -22,493,000 | 17,775,000 | -4,180,000 | -3,611,000 | 22,575,000 | 25,548,000 | 18,784,000 |
Debtors | 24,340,000 | -196,000 | 1,233,000 | 11,892,000 | -2,543,000 | 12,682,000 | -18,539,000 | 7,307,000 | 9,768,000 | 6,914,000 | -5,120,000 | 25,926,000 | 20,756,000 | 17,347,000 |
Creditors | 12,145,000 | 3,350,000 | 7,839,000 | 6,444,000 | -569,000 | 2,175,000 | 6,282,000 | -7,260,000 | 5,419,000 | -5,890,000 | 9,011,000 | 6,966,000 | 5,347,000 | 9,795,000 |
Accruals and Deferred Income | 2,830,000 | -679,000 | -196,000 | -1,164,000 | 683,000 | -787,000 | -3,261,000 | -387,000 | 6,567,000 | 272,000 | -9,009,000 | 8,783,000 | 2,960,000 | 6,672,000 |
Deferred Taxes & Provisions | -47,000 | 2,035,000 | 261,000 | 272,000 | 209,000 | 600,000 | 306,000 | -646,000 | 166,000 | -118,000 | 476,000 | -114,000 | 154,000 | 536,000 |
Cash flow from operations | 901,000 | 11,108,000 | 14,352,000 | -1,649,000 | -2,876,000 | -341,000 | 29,537,000 | 5,689,000 | -9,511,000 | -2,263,000 | 18,930,000 | -29,239,000 | -30,037,000 | -10,709,000 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,000 | 0 | 17,000 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 2,647,000 | -12,779,000 | 19,009,000 | -7,452,000 | 26,980,000 | 2,371,000 | -24,176,000 | 8,443,000 | 1,264,000 | 9,476,000 | -11,851,000 | 22,862,000 | 22,577,000 | 41,383,000 |
Other Short Term Loans | 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 | 0 | 0 | 0 | 100,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -1,158,000 | -1,037,000 | -1,558,000 | -1,660,000 | -1,086,000 | -1,225,000 | -1,656,000 | -1,635,000 | -916,000 | -524,000 | -566,000 | -525,000 | -370,000 | -805,000 |
cash flow from financing | -1,468,000 | -10,703,000 | 15,183,000 | -8,729,000 | 27,153,000 | 1,769,000 | -28,621,000 | 6,963,000 | -3,351,000 | 9,132,000 | -12,640,000 | 26,968,000 | 25,170,000 | 56,892,000 |
cash and cash equivalents | ||||||||||||||
cash | 401,000 | -7,449,000 | 29,025,000 | -15,656,000 | 18,993,000 | -2,940,000 | 973,000 | 6,970,000 | -13,143,000 | 2,930,000 | 3,786,000 | -9,658,000 | -14,882,000 | 17,646,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,664,000 | 10,664,000 | 0 | 0 | 0 | 2,501,000 | 0 |
change in cash | 401,000 | -7,449,000 | 29,025,000 | -15,656,000 | 18,993,000 | -2,940,000 | 973,000 | 17,634,000 | -23,807,000 | 2,930,000 | 3,786,000 | -9,658,000 | -17,383,000 | 17,646,000 |
P&L
December 2022turnover
480.3m
+20%
operating profit
12.8m
+41%
gross margin
7.6%
-2.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
54.7m
+0.14%
total assets
213.9m
+0.15%
cash
31.9m
+0.01%
net assets
Total assets minus all liabilities
ornua foods uk limited company details
company number
00362221
Type
Private limited with Share Capital
industry
10512 - Butter and cheese production
incorporation date
July 1940
age
84
accounts
Full Accounts
ultimate parent company
previous names
adams foods limited (March 2016)
the kerrygold company limited (September 2010)
incorporated
UK
address
sunnyhills road, leek, staffordshire, ST13 5SP
last accounts submitted
December 2022
ornua foods uk 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 4 charges/mortgages relating to ornua foods uk limited. Currently there are 0 open charges and 4 have been satisfied in the past.
ornua foods uk limited Companies House Filings - See Documents
date | description | view/download |
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