ornua foods uk limited

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ornua foods uk limited Company Information

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Company Number

00362221

Registered Address

sunnyhills road, leek, staffordshire, ST13 5SP

Industry

Butter and cheese production

 

Telephone

01538399111

Next Accounts Due

September 2024

Group Structure

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Directors

Donal Buggy11 Years

William Hunter8 Years

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Shareholders

irish dairy board (uk) ltd 100%

ornua foods uk limited Estimated Valuation

£389m

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

£107.6m

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

£129.5m

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

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Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

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

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

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

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

Employees

with 692 employees, this is above the industry average (132)

692 - Ornua Foods Uk Limited

132 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ornua Foods Uk Limited Competitor Analysis

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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 Shareholders

irish dairy board (uk) ltd 100%

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).

officercountryagestartendrole
Mr Donal BuggyIreland56 years Dec 2012- Director
Mr William Hunter55 years Jun 2015- Director
Mr Stuart Stanley40 years Jan 2019- Director
Mr Kevin Green60 years Jun 2022- Director
Mr Simon Ball55 years Nov 2022- Director

ORNUA FOODS UK LIMITED financials

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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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jan 2011Jan 2010
Turnover480,289,000400,233,000410,933,000353,709,000321,658,000319,210,000285,953,000343,289,000386,751,000369,138,000321,420,000322,411,000260,477,000232,910,000
Other Income Or Grants00000000000000
Cost Of Sales443,871,000369,210,000381,261,000327,678,000294,732,000290,169,000261,228,000323,103,000360,190,000339,026,000291,100,000299,936,000238,929,000212,409,000
Gross Profit36,418,00031,023,00029,672,00026,031,00026,926,00029,041,00024,725,00020,186,00026,561,00030,112,00030,320,00022,475,00021,548,00020,501,000
Admin Expenses23,620,00021,969,00022,906,00020,229,00018,373,00020,679,00024,094,00026,521,00024,294,00027,218,00023,100,00023,058,00015,073,00012,969,000
Operating Profit12,798,0009,054,0006,766,0005,802,0008,553,0008,362,000631,000-6,335,0002,267,0002,894,0007,220,000-583,0006,475,0007,532,000
Interest Payable2,686,0001,657,0002,288,0002,640,0001,880,0001,781,0001,989,0001,864,000994,000586,000776,000695,000470,000906,000
Interest Receivable1,528,000620,000730,000980,000794,000556,000333,000229,00078,00062,000210,000170,000100,000101,000
Pre-Tax Profit11,640,0008,017,0005,208,0004,142,0006,767,0007,137,000-1,025,000-7,970,0001,351,0002,266,0006,359,000-1,099,0005,913,0006,727,000
Tax-1,864,000-1,604,000-309,000-621,000-1,215,000-1,385,000199,0001,659,000-356,000-462,000-1,394,000225,000-2,117,000-2,293,000
Profit After Tax9,776,0006,413,0004,899,0003,521,0005,552,0005,752,000-826,000-6,311,000995,0001,804,0004,965,000-874,0003,796,0004,434,000
Dividends Paid00000000000000
Retained Profit9,776,0006,413,0004,899,0003,521,0005,552,0005,752,000-826,000-6,311,000995,0001,804,0004,965,000-874,0003,796,0004,434,000
Employee Costs26,503,00025,187,00025,185,00022,896,00019,766,00018,962,00017,641,00017,494,00018,078,00017,033,00015,018,00016,604,00012,962,00010,701,000
Number Of Employees692720746676599617645723675649624707554492
EBITDA*16,952,00012,958,00010,726,0009,272,00012,087,00011,405,0004,228,000-2,863,0006,236,0006,669,00011,115,0003,402,0009,923,00010,712,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jan 2011Jan 2010
Tangible Assets29,698,00030,329,00029,658,00029,451,00030,728,00029,735,00028,179,00027,550,00030,418,00028,941,00029,047,00030,388,00033,871,00028,388,000
Intangible Assets2,820,0003,875,0004,929,0006,029,0003,440,0004,171,0004,893,0005,621,00011,224,000570,000661,000746,000831,000538,000
Investments & Other00000000000017,00017,000
Debtors (Due After 1 year)2,737,0001,963,0002,251,0001,579,0001,663,0001,799,0001,882,0001,353,0001,507,00000000
Total Fixed Assets35,255,00036,167,00036,838,00037,059,00035,831,00035,705,00034,954,00034,524,00043,149,00029,511,00029,708,00031,134,00034,719,00028,943,000
Stock & work in progress58,506,00053,731,00048,583,00045,847,00041,887,00025,273,00025,606,00028,850,00051,343,00033,568,00037,748,00041,359,00044,332,00018,784,000
Trade Debtors40,149,00020,636,00024,478,00018,876,00018,838,00016,488,00015,390,00017,315,00039,720,00030,765,00025,207,00030,936,00032,904,00013,108,000
Group Debtors43,229,00040,433,00037,080,00042,724,00031,933,00036,634,00023,495,00040,554,00010,687,0008,456,00010,030,0005,129,0003,443,0002,944,000
Misc Debtors4,896,0003,639,0003,058,0002,455,0001,308,0001,364,0002,836,0002,920,0002,921,0005,846,0002,916,0007,208,0001,756,0001,295,000
Cash31,878,00031,477,00038,926,0009,901,00025,557,0006,564,0009,504,0008,531,0001,561,00014,704,00011,774,0007,988,0002,764,00017,646,000
misc current assets00000000000000
total current assets178,658,000149,916,000152,125,000119,803,000119,523,00086,323,00076,831,00098,170,000106,232,00093,339,00087,675,00092,620,00085,199,00053,777,000
total assets213,913,000186,083,000188,963,000156,862,000155,354,000122,028,000111,785,000132,694,000149,381,000122,850,000117,383,000123,754,000119,918,00082,720,000
Bank overdraft0000000010,664,0000002,501,0000
Bank loan00000000000000
Trade Creditors 55,707,00043,562,00040,212,00032,373,00025,929,00026,498,00024,323,00018,041,00025,301,00019,882,00025,772,00016,761,00015,142,0009,795,000
Group/Directors Accounts78,177,00075,530,00088,309,00069,300,00076,752,00049,772,00047,401,00071,577,00063,134,00061,870,00052,394,00064,245,00063,960,00041,383,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities10,324,0007,494,0008,173,0008,369,0009,533,0008,850,0009,637,00012,898,00013,285,0006,718,0006,446,00015,455,0009,632,0006,672,000
total current liabilities144,208,000126,586,000136,694,000110,042,000112,214,00085,120,00081,361,000102,516,000112,384,00088,470,00084,612,00096,461,00091,235,00057,850,000
loans100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000100,000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions3,936,0003,983,0001,948,0001,687,0001,415,0001,206,000606,000300,000946,000780,000898,000422,000690,000536,000
total long term liabilities14,983,00011,594,00013,892,00011,074,00011,298,00011,877,00011,768,0007,907,0008,570,0003,249,0003,624,0002,888,0001,276,0004,222,000
total liabilities159,191,000138,180,000150,586,000121,116,000123,512,00096,997,00093,129,000110,423,000120,954,00091,719,00088,236,00099,349,00092,511,00062,072,000
net assets54,722,00047,903,00038,377,00035,746,00031,842,00025,031,00018,656,00022,271,00028,427,00031,131,00029,147,00024,405,00027,407,00020,648,000
total shareholders funds54,722,00047,903,00038,377,00035,746,00031,842,00025,031,00018,656,00022,271,00028,427,00031,131,00029,147,00024,405,00027,407,00020,648,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jan 2011Jan 2010
Operating Activities
Operating Profit12,798,0009,054,0006,766,0005,802,0008,553,0008,362,000631,000-6,335,0002,267,0002,894,0007,220,000-583,0006,475,0007,532,000
Depreciation3,099,0002,850,0002,860,0002,741,0002,803,0002,312,0002,869,0002,179,0002,908,0003,684,0003,810,0003,900,0003,388,0003,128,000
Amortisation1,055,0001,054,0001,100,000729,000731,000731,000728,0001,293,0001,061,00091,00085,00085,00060,00052,000
Tax-1,864,000-1,604,000-309,000-621,000-1,215,000-1,385,000199,0001,659,000-356,000-462,000-1,394,000225,000-2,117,000-2,293,000
Stock4,775,0005,148,0002,736,0003,960,00016,614,000-333,000-3,244,000-22,493,00017,775,000-4,180,000-3,611,00022,575,00025,548,00018,784,000
Debtors24,340,000-196,0001,233,00011,892,000-2,543,00012,682,000-18,539,0007,307,0009,768,0006,914,000-5,120,00025,926,00020,756,00017,347,000
Creditors12,145,0003,350,0007,839,0006,444,000-569,0002,175,0006,282,000-7,260,0005,419,000-5,890,0009,011,0006,966,0005,347,0009,795,000
Accruals and Deferred Income2,830,000-679,000-196,000-1,164,000683,000-787,000-3,261,000-387,0006,567,000272,000-9,009,0008,783,0002,960,0006,672,000
Deferred Taxes & Provisions-47,0002,035,000261,000272,000209,000600,000306,000-646,000166,000-118,000476,000-114,000154,000536,000
Cash flow from operations901,00011,108,00014,352,000-1,649,000-2,876,000-341,00029,537,0005,689,000-9,511,000-2,263,00018,930,000-29,239,000-30,037,000-10,709,000
Investing Activities
capital expenditure-2,468,000-3,521,000-3,067,000-4,782,000-3,796,000-3,877,000-3,498,0004,999,000-16,100,000-3,578,000-2,469,000-6,193,000-9,224,000-32,106,000
Change in Investments00000000000-17,000017,000
cash flow from investments-2,468,000-3,521,000-3,067,000-4,782,000-3,796,000-3,877,000-3,498,0004,999,000-16,100,000-3,578,000-2,469,000-6,176,000-9,224,000-32,123,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts2,647,000-12,779,00019,009,000-7,452,00026,980,0002,371,000-24,176,0008,443,0001,264,0009,476,000-11,851,00022,862,00022,577,00041,383,000
Other Short Term Loans 00000000000000
Long term loans0000000000000100,000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-2,957,0003,113,000-2,268,000383,0001,259,000623,000-2,789,000155,000-3,699,000180,000-223,0004,631,0002,963,00016,214,000
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-1,468,000-10,703,00015,183,000-8,729,00027,153,0001,769,000-28,621,0006,963,000-3,351,0009,132,000-12,640,00026,968,00025,170,00056,892,000
cash and cash equivalents
cash401,000-7,449,00029,025,000-15,656,00018,993,000-2,940,000973,0006,970,000-13,143,0002,930,0003,786,000-9,658,000-14,882,00017,646,000
overdraft0000000-10,664,00010,664,0000002,501,0000
change in cash401,000-7,449,00029,025,000-15,656,00018,993,000-2,940,000973,00017,634,000-23,807,0002,930,0003,786,000-9,658,000-17,383,00017,646,000

P&L

December 2022

turnover

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 2022

net 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

IRISH DAIRY BOARD CO-OPERATIVE LTD

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.

charges

ornua foods uk limited Companies House Filings - See Documents

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