anglia maltings (holdings) limited

anglia maltings (holdings) limited Company Information

Share ANGLIA MALTINGS (HOLDINGS) LIMITED
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MatureMegaHigh

Company Number

00031801

Industry

Manufacture of malt

 

Shareholders

ragleth ltd

Group Structure

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Contact

Registered Address

great ryburgh, fakenham, norfolk, NR21 7AS

anglia maltings (holdings) limited Estimated Valuation

£327.7m

Pomanda estimates the enterprise value of ANGLIA MALTINGS (HOLDINGS) LIMITED at £327.7m based on a Turnover of £285.7m and 1.15x industry multiple (adjusted for size and gross margin).

anglia maltings (holdings) limited Estimated Valuation

£191.4m

Pomanda estimates the enterprise value of ANGLIA MALTINGS (HOLDINGS) LIMITED at £191.4m based on an EBITDA of £28.4m and a 6.75x industry multiple (adjusted for size and gross margin).

anglia maltings (holdings) limited Estimated Valuation

£223.3m

Pomanda estimates the enterprise value of ANGLIA MALTINGS (HOLDINGS) LIMITED at £223.3m based on Net Assets of £114.9m and 1.94x industry multiple (adjusted for liquidity).

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Anglia Maltings (holdings) Limited Overview

Anglia Maltings (holdings) Limited is a live company located in norfolk, NR21 7AS with a Companies House number of 00031801. It operates in the manufacture of malt sector, SIC Code 11060. Founded in June 1890, it's largest shareholder is ragleth ltd with a 100% stake. Anglia Maltings (holdings) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £285.7m with high growth in recent years.

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Anglia Maltings (holdings) Limited Health Check

Pomanda's financial health check has awarded Anglia Maltings (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £285.7m, make it larger than the average company (£87.1m)

£285.7m - Anglia Maltings (holdings) Limited

£87.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a similar rate (19.5%)

21% - Anglia Maltings (holdings) Limited

19.5% - Industry AVG

production

Production

with a gross margin of 13.7%, this company has a higher cost of product (25.2%)

13.7% - Anglia Maltings (holdings) Limited

25.2% - Industry AVG

profitability

Profitability

an operating margin of 7.9% make it as profitable than the average company (6.7%)

7.9% - Anglia Maltings (holdings) Limited

6.7% - Industry AVG

employees

Employees

with 371 employees, this is above the industry average (108)

371 - Anglia Maltings (holdings) Limited

108 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.8k, the company has an equivalent pay structure (£50.8k)

£50.8k - Anglia Maltings (holdings) Limited

£50.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £770k, this is more efficient (£526.6k)

£770k - Anglia Maltings (holdings) Limited

£526.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is near the average (57 days)

49 days - Anglia Maltings (holdings) Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (57 days)

15 days - Anglia Maltings (holdings) Limited

57 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 151 days, this is in line with average (184 days)

151 days - Anglia Maltings (holdings) Limited

184 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is more cash available to meet short term requirements (3 weeks)

4 weeks - Anglia Maltings (holdings) Limited

3 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 47.1%, this is a lower level of debt than the average (58.6%)

47.1% - Anglia Maltings (holdings) Limited

58.6% - Industry AVG

ANGLIA MALTINGS (HOLDINGS) LIMITED financials

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Anglia Maltings (Holdings) Limited's latest turnover from December 2023 is £285.7 million and the company has net assets of £114.9 million. According to their latest financial statements, Anglia Maltings (Holdings) Limited has 371 employees and maintains cash reserves of £6.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover285,684,000215,690,000175,739,000160,138,000194,040,000181,667,000169,009,000155,632,000112,870,000116,928,000123,999,000109,119,00090,689,00072,699,000100,682,000
Other Income Or Grants000000000000000
Cost Of Sales246,442,000196,836,000158,838,000139,434,000151,853,902134,091,045124,564,186114,147,88174,339,33569,927,28878,023,34772,940,58963,284,32550,986,4310
Gross Profit39,242,00018,854,00016,901,00020,704,00042,186,09847,575,95544,444,81441,484,11938,530,66547,000,71245,975,65336,178,41127,404,67521,712,5690
Admin Expenses16,749,00010,932,0009,594,00014,100,00030,561,09836,014,95530,795,81427,205,11924,927,66533,934,71235,772,65329,194,41121,929,67515,898,569-13,737,000
Operating Profit22,493,0007,922,0007,307,0006,604,00011,625,00011,561,00013,649,00014,279,00013,603,00013,066,00010,203,0006,984,0005,475,0005,814,00013,737,000
Interest Payable3,837,0001,871,000495,000745,0001,345,0001,333,0001,208,0001,021,000439,000673,0002,118,0002,184,000754,000672,000772,000
Interest Receivable51,00057,000014,0005,00026,000023,0003,0001,0001,657,0001,650,00020,00016,00016,000
Pre-Tax Profit18,548,0006,092,0006,744,0005,847,00010,186,00010,192,00012,465,00013,385,00013,203,00012,467,0009,742,0006,450,0004,949,0005,324,00013,110,000
Tax-2,930,000-1,862,000-2,083,000-2,516,000-1,992,000-2,458,000-2,312,000-3,145,000-2,379,000-2,637,000-2,055,000-1,214,000-1,413,000-1,282,000-3,919,000
Profit After Tax15,618,0004,230,0004,661,0003,331,0008,194,0007,734,00010,153,00010,240,00010,824,0009,830,0007,687,0005,236,0003,536,0004,042,0009,191,000
Dividends Paid0003,000,0003,000,0001,500,0001,500,0001,500,0001,500,0001,500,0001,500,0001,800,0001,500,0001,600,0007,520,000
Retained Profit15,618,0004,230,0004,661,000331,0005,194,0006,234,0008,653,0008,740,0009,324,0008,330,0006,187,0003,436,0002,036,0002,442,0001,671,000
Employee Costs18,856,00015,422,00014,832,00015,958,00014,370,00014,444,00014,386,00014,083,00010,123,00010,035,0009,247,0008,703,0008,687,0008,360,0008,345,000
Number Of Employees371371363369370379359340251249228220224225232
EBITDA*28,360,00013,860,00016,004,00012,813,00017,804,00017,651,00019,402,00019,067,00016,462,00016,071,00012,829,0009,541,0008,011,0008,390,00016,284,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets52,680,00058,742,00062,314,00063,482,00062,824,00063,200,00061,455,00055,378,00031,371,00030,509,00028,802,00028,295,00028,536,00029,923,00029,598,000
Intangible Assets7,271,0007,869,0008,467,0009,065,0009,663,00010,373,0007,969,0008,409,000133,000140,00000000
Investments & Other09,534,0005,625,000000001,372,000694,000976,0000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets59,951,00076,145,00076,406,00072,547,00072,487,00073,573,00069,424,00063,787,00032,876,00031,343,00029,778,00028,295,00028,536,00029,923,00029,598,000
Stock & work in progress102,415,00099,746,00062,958,00056,138,00055,535,00067,873,00056,655,00050,343,00036,599,00045,216,00047,839,00048,773,00043,235,00035,443,00032,339,000
Trade Debtors38,656,00038,194,00027,705,00031,009,00036,979,00036,076,00032,901,00029,257,00017,332,00016,192,00016,661,00016,257,00014,485,0008,781,0008,999,000
Group Debtors00000591,000000000000
Misc Debtors9,744,00012,231,0003,090,0002,818,0002,842,0002,522,0002,192,0002,283,0002,860,0002,249,0002,529,0002,275,000759,0001,993,0001,652,000
Cash6,540,0007,417,0005,968,0005,152,0005,297,0007,762,0006,357,0007,031,0002,431,0004,0006,0005,0004,0004,0004,000
misc current assets000000000000000
total current assets157,355,000157,588,00099,721,00095,117,000100,653,000114,824,00098,105,00088,914,00059,222,00063,661,00067,035,00067,310,00058,483,00046,221,00042,994,000
total assets217,306,000233,733,000176,127,000167,664,000173,140,000188,397,000167,529,000152,701,00092,098,00095,004,00096,813,00095,605,00087,019,00076,144,00072,592,000
Bank overdraft27,791,00063,910,00025,076,00015,251,00022,181,00036,258,00021,515,00016,531,0003,272,00014,960,00024,487,00024,122,00019,794,0009,027,0006,359,000
Bank loan1,285,0001,285,0003,820,0003,667,0003,667,0003,667,0003,667,0003,667,0001,351,0001,351,0001,351,0001,351,0001,351,0001,352,0001,182,000
Trade Creditors 10,791,00012,863,00010,650,0009,632,0007,727,00010,312,00010,881,0009,218,0006,518,0006,003,0005,370,0006,885,0005,929,0003,862,0002,663,000
Group/Directors Accounts6,031,0009,031,0009,031,0009,031,0006,031,0003,031,0001,530,0001,940,0002,000,0002,001,0002,096,0002,179,0001,864,0001,949,0004,226,000
other short term finances0053,00063,00072,0006,000181,0001,290,0000000000
hp & lease commitments000000000000000
other current liabilities28,544,00016,714,0006,284,00015,567,00012,408,00016,181,00011,782,0009,977,0008,226,0008,628,0007,773,0008,552,0007,020,0008,862,0007,333,000
total current liabilities74,442,000103,803,00054,914,00053,211,00052,086,00069,455,00049,556,00042,623,00021,367,00032,943,00041,077,00043,089,00035,958,00025,052,00021,763,000
loans20,533,00021,818,00016,325,00014,666,00018,333,00021,999,00025,666,00029,333,0002,366,0003,717,0005,068,0006,419,0007,770,0009,121,00010,473,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions3,280,0003,543,0004,526,0002,288,0003,820,0003,212,0003,022,0002,940,0002,162,0001,582,0001,755,0002,031,0002,394,0002,622,0002,900,000
total long term liabilities27,977,00030,218,00023,042,00025,239,00026,820,00029,681,00032,181,00037,491,0004,528,0005,299,0006,823,0009,980,00010,763,00012,450,00015,709,000
total liabilities102,419,000134,021,00077,956,00078,450,00078,906,00099,136,00081,737,00080,114,00025,895,00038,242,00047,900,00053,069,00046,721,00037,502,00037,472,000
net assets114,887,00099,712,00098,171,00089,214,00094,234,00089,261,00085,792,00072,587,00066,203,00056,762,00048,913,00042,536,00040,298,00038,642,00035,120,000
total shareholders funds114,887,00099,712,00098,171,00089,214,00094,234,00089,261,00085,792,00072,587,00066,203,00056,762,00048,913,00042,536,00040,298,00038,642,00035,120,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit22,493,0007,922,0007,307,0006,604,00011,625,00011,561,00013,649,00014,279,00013,603,00013,066,00010,203,0006,984,0005,475,0005,814,00013,737,000
Depreciation5,269,0005,340,0008,099,0005,611,0005,469,0005,485,0005,313,0004,422,0002,852,0003,005,0002,626,0002,557,0002,536,0002,576,0002,547,000
Amortisation598,000598,000598,000598,000710,000605,000440,000366,0007,000000000
Tax-2,930,000-1,862,000-2,083,000-2,516,000-1,992,000-2,458,000-2,312,000-3,145,000-2,379,000-2,637,000-2,055,000-1,214,000-1,413,000-1,282,000-3,919,000
Stock2,669,00036,788,0006,820,000603,000-12,338,00011,218,0006,312,00013,744,000-8,617,000-2,623,000-934,0005,538,0007,792,0003,104,00032,339,000
Debtors-2,025,00019,630,000-3,032,000-5,994,000632,0004,096,0003,553,00011,348,0001,751,000-749,000658,0003,288,0004,470,000123,00010,651,000
Creditors-2,072,0002,213,0001,018,0001,905,000-2,585,000-569,0001,663,0002,700,000515,000633,000-1,515,000956,0002,067,0001,199,0002,663,000
Accruals and Deferred Income11,830,00010,430,000-9,283,0003,159,000-3,773,0004,399,0001,805,0001,751,000-402,000855,000-779,0001,532,000-1,842,0001,529,0007,333,000
Deferred Taxes & Provisions-263,000-983,0002,238,000-1,532,000608,000190,00082,000778,000580,000-173,000-276,000-363,000-228,000-278,0002,900,000
Cash flow from operations34,281,000-32,760,0004,106,00019,220,00021,768,0003,899,00010,775,000-3,941,00021,642,00018,121,0008,480,0001,626,000-5,667,0006,331,000-17,729,000
Investing Activities
capital expenditure00000-896,000-137,00063,00028,0000-3,117,000-2,256,000-1,508,000-2,362,000-5,197,000
Change in Investments-9,534,0003,909,0005,625,0000000-1,372,000678,000-282,000976,0000000
cash flow from investments9,534,000-3,909,000-5,625,00000-896,000-137,0001,435,000-650,000282,000-4,093,000-2,256,000-1,508,000-2,362,000-5,197,000
Financing Activities
Bank loans0-2,535,000153,00000002,316,0000000-1,000170,0001,182,000
Group/Directors Accounts-3,000,000003,000,0003,000,0001,501,000-410,000-60,000-1,000-95,000-83,000315,000-85,000-2,277,0004,226,000
Other Short Term Loans 0-53,000-10,000-9,00066,000-175,000-1,109,0001,290,0000000000
Long term loans-1,285,0005,493,0001,659,000-3,667,000-3,666,000-3,667,000-3,667,00026,967,000-1,351,000-1,351,000-1,351,000-1,351,000-1,351,000-1,352,00010,473,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-443,000-2,689,0004,296,000-5,351,000-221,000-2,765,0004,552,000-2,356,000117,000-481,000190,000-1,198,000-380,0001,080,00033,449,000
interest-3,786,000-1,814,000-495,000-731,000-1,340,000-1,307,000-1,208,000-998,000-436,000-672,000-461,000-534,000-734,000-656,000-756,000
cash flow from financing-8,514,000-1,598,0005,603,000-6,758,000-2,161,000-6,413,000-1,842,00027,159,000-1,671,000-2,599,000-1,705,000-2,768,000-2,551,000-3,035,00048,574,000
cash and cash equivalents
cash-877,0001,449,000816,000-145,000-2,465,0001,405,000-674,0004,600,0002,427,000-2,0001,0001,000004,000
overdraft-36,119,00038,834,0009,825,000-6,930,000-14,077,00014,743,0004,984,00013,259,000-11,688,000-9,527,000365,0004,328,00010,767,0002,668,0006,359,000
change in cash35,242,000-37,385,000-9,009,0006,785,00011,612,000-13,338,000-5,658,000-8,659,00014,115,0009,525,000-364,000-4,327,000-10,767,000-2,668,000-6,355,000

anglia maltings (holdings) 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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Anglia Maltings (holdings) Limited Competitor Analysis

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Perform a competitor analysis for anglia maltings (holdings) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NR21 area or any other competitors across 12 key performance metrics.

anglia maltings (holdings) limited Ownership

ANGLIA MALTINGS (HOLDINGS) LIMITED Shareholders

ragleth ltd 100%

anglia maltings (holdings) limited directors

Anglia Maltings (Holdings) Limited currently has 7 directors. The longest serving directors include Mr Richard Farrar (Oct 2017) and Mr Steven Le Poidevin (Jul 2021).

officercountryagestartendrole
Mr Richard FarrarUnited Kingdom66 years Oct 2017- Director
Mr Steven Le PoidevinUnited Kingdom58 years Jul 2021- Director
Mr Stuart Sands46 years Jan 2022- Director
Darwin SobkowEngland55 years Jul 2023- Director
Mr Darrell SobkowCanada58 years Feb 2024- Director
Mr Curt VossenCanada71 years Feb 2024- Director
Mr Robert BeardUnited Kingdom68 years Feb 2024- Director

P&L

December 2023

turnover

285.7m

+32%

operating profit

22.5m

+184%

gross margin

13.8%

+57.14%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

114.9m

+0.15%

total assets

217.3m

-0.07%

cash

6.5m

-0.12%

net assets

Total assets minus all liabilities

anglia maltings (holdings) limited company details

company number

00031801

Type

Private limited with Share Capital

industry

11060 - Manufacture of malt

incorporation date

June 1890

age

135

incorporated

UK

ultimate parent company

JAMES RICHARDSON & SONS LTD

accounts

Group

last accounts submitted

December 2023

previous names

f.& g.smith,limited (December 1976)

accountant

-

auditor

KPMG LLP

address

great ryburgh, fakenham, norfolk, NR21 7AS

Bank

HSBC BANK PLC

Legal Advisor

-

anglia maltings (holdings) 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 21 charges/mortgages relating to anglia maltings (holdings) limited. Currently there are 11 open charges and 10 have been satisfied in the past.

anglia maltings (holdings) 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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anglia maltings (holdings) limited Companies House Filings - See Documents

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