forfarmers uk limited

3.5

forfarmers uk limited Company Information

Share FORFARMERS UK LIMITED
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Company Number

00062904

Registered Address

horizon house, fred castle way, rougham industr, bury st. edmunds, IP30 9ND

Industry

Manufacture of prepared feeds for farm animals

 

Telephone

03306780982

Next Accounts Due

September 2024

Group Structure

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Directors

Steven Read6 Years

Richard Holdcroft5 Years

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Shareholders

forfarmers uk holdings limited 100%

forfarmers uk limited Estimated Valuation

£471.6m

Pomanda estimates the enterprise value of FORFARMERS UK LIMITED at £471.6m based on a Turnover of £672.7m and 0.7x industry multiple (adjusted for size and gross margin).

forfarmers uk limited Estimated Valuation

£62.5m

Pomanda estimates the enterprise value of FORFARMERS UK LIMITED at £62.5m based on an EBITDA of £8.9m and a 7.04x industry multiple (adjusted for size and gross margin).

forfarmers uk limited Estimated Valuation

£117.2m

Pomanda estimates the enterprise value of FORFARMERS UK LIMITED at £117.2m based on Net Assets of £86.2m and 1.36x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Forfarmers Uk Limited Overview

Forfarmers Uk Limited is a live company located in bury st. edmunds, IP30 9ND with a Companies House number of 00062904. It operates in the manufacture of prepared feeds for farm animals sector, SIC Code 10910. Founded in July 1899, it's largest shareholder is forfarmers uk holdings limited with a 100% stake. Forfarmers Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £672.7m with healthy growth in recent years.

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Forfarmers Uk Limited Health Check

Pomanda's financial health check has awarded Forfarmers Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £672.7m, make it larger than the average company (£43.3m)

£672.7m - Forfarmers Uk Limited

£43.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (7.6%)

6% - Forfarmers Uk Limited

7.6% - Industry AVG

production

Production

with a gross margin of 9.2%, this company has a higher cost of product (14.4%)

9.2% - Forfarmers Uk Limited

14.4% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (3.1%)

0% - Forfarmers Uk Limited

3.1% - Industry AVG

employees

Employees

with 889 employees, this is above the industry average (67)

889 - Forfarmers Uk Limited

67 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.2k, the company has an equivalent pay structure (£43.7k)

£48.2k - Forfarmers Uk Limited

£43.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £756.7k, this is equally as efficient (£662.8k)

£756.7k - Forfarmers Uk Limited

£662.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is near the average (46 days)

51 days - Forfarmers Uk Limited

46 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 60 days, this is slower than average (36 days)

60 days - Forfarmers Uk Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is less than average (28 days)

12 days - Forfarmers Uk Limited

28 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (9 weeks)

5 weeks - Forfarmers Uk Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 59%, this is a similar level of debt than the average (56.8%)

59% - Forfarmers Uk Limited

56.8% - Industry AVG

forfarmers 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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Forfarmers Uk Limited Competitor Analysis

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Perform a competitor analysis for forfarmers uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

forfarmers uk limited Ownership

FORFARMERS UK LIMITED group structure

Forfarmers Uk Limited has 2 subsidiary companies.

Ultimate parent company

FORFARMERS NV

#0071019

2 parents

FORFARMERS UK LIMITED

00062904

2 subsidiaries

FORFARMERS UK LIMITED Shareholders

forfarmers uk holdings limited 100%

forfarmers uk limited directors

Forfarmers Uk Limited currently has 4 directors. The longest serving directors include Mr Steven Read (Jan 2018) and Mr Richard Holdcroft (Mar 2019).

officercountryagestartendrole
Mr Steven ReadEngland60 years Jan 2018- Director
Mr Richard HoldcroftEngland54 years Mar 2019- Director
Mr Roeland TjebbesEngland55 years Apr 2020- Director
Mr Rob KiersNetherlands43 years Apr 2023- Director

FORFARMERS UK LIMITED financials

EXPORTms excel logo

Forfarmers Uk Limited's latest turnover from December 2022 is £672.7 million and the company has net assets of £86.2 million. According to their latest financial statements, Forfarmers Uk Limited has 889 employees and maintains cash reserves of £11.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover672,674,000557,707,000524,316,000564,079,000585,801,000544,223,000512,832,000545,988,000563,724,000615,851,000537,312,000494,671,000425,015,000401,331,000
Other Income Or Grants00000000000000
Cost Of Sales611,152,000499,538,000461,292,000492,953,000514,432,000473,944,000441,312,000468,815,000490,675,000541,927,000470,260,000432,738,000361,104,000346,862,000
Gross Profit61,522,00058,169,00063,024,00071,126,00071,369,00070,279,00071,520,00077,173,00073,049,00073,924,00067,052,00061,933,00063,911,00054,469,000
Admin Expenses61,824,00057,629,00062,306,00073,394,00066,452,00060,018,00057,884,00060,624,00057,407,00065,686,00054,448,00050,390,00050,177,00048,308,000
Operating Profit-302,000540,000718,000-2,268,0004,917,00010,261,00013,636,00016,549,00015,642,0008,238,00012,604,00011,543,00013,734,0006,161,000
Interest Payable584,000342,000495,0001,008,000591,000948,0001,232,0001,352,0003,704,0001,816,0007,936,0003,274,0008,730,0008,046,000
Interest Receivable42,00051,00065,00052,00055,0000046,00044,00040,0005,871,00078,0006,216,0005,319,000
Pre-Tax Profit-705,0003,281,0002,416,000-8,033,0007,436,0007,754,0008,607,0005,024,00011,982,0006,163,00010,539,0008,353,00011,218,0003,500,000
Tax538,000-828,000-830,000-907,000-1,330,000-1,519,000-2,658,000-2,075,000-2,671,000-2,024,000-2,816,000-2,370,000-3,282,000-1,121,000
Profit After Tax-167,0002,453,0001,586,000-8,940,0006,106,0006,235,0005,949,0002,949,0009,311,0004,139,0007,723,0005,983,0007,936,0002,379,000
Dividends Paid00000000000000
Retained Profit-167,0002,453,0001,586,000-8,940,0006,106,0006,235,0005,949,0002,949,0009,311,0004,139,0007,723,0005,983,0007,936,0002,379,000
Employee Costs42,871,00039,667,00039,857,00043,730,00044,996,00042,693,00043,272,00042,457,00039,623,00036,793,00034,056,00032,474,00031,675,00030,843,000
Number Of Employees8898929581,0331,0521,0601,0981,0481,038997970966943955
EBITDA*8,876,0009,929,00010,294,0007,636,00013,955,00018,500,00020,392,00022,163,00018,081,00012,223,00015,070,00013,927,00015,744,0008,293,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets67,465,00069,878,00072,184,00073,582,00078,522,00069,853,00063,253,00057,122,00059,106,00048,383,00047,566,00046,689,00044,182,00041,457,000
Intangible Assets4,201,0005,946,0007,794,0009,681,00012,299,00014,132,00015,185,00016,076,0006,217,000742,000487,000509,000160,000181,000
Investments & Other6,047,0004,211,00018,308,00017,433,00017,434,00020,202,00019,263,00020,278,00037,504,00026,675,00026,671,00025,382,00025,691,00025,651,000
Debtors (Due After 1 year)351,00019,311,000280,000609,000179,0004,604,0006,273,0006,694,0008,133,00000000
Total Fixed Assets78,064,00099,346,00098,566,000101,305,000108,434,000108,791,000103,974,000100,170,000110,960,00075,800,00074,724,00072,580,00070,033,00067,289,000
Stock & work in progress20,378,00014,216,00013,168,00011,937,00011,791,00011,816,00011,599,00010,910,00011,430,00012,190,00013,434,00012,046,00012,474,0009,077,000
Trade Debtors94,788,00074,079,00066,907,00065,566,00079,404,00070,229,00066,611,00068,390,00068,455,00074,464,00084,255,00066,324,00059,759,00050,438,000
Group Debtors466,00014,701,00058,131,00059,421,00058,270,00067,032,00074,547,00074,551,00067,213,00061,486,00061,723,00061,278,00061,611,00060,771,000
Misc Debtors4,643,0004,505,0006,121,0005,573,0005,998,0004,063,0003,140,0004,918,0005,474,0004,972,0002,659,0003,000,0002,654,0002,199,000
Cash11,870,00011,243,00010,385,000462,0009,692,000564,0001,117,0001,039,0001,291,00013,515,00013,172,00012,596,00012,995,0007,279,000
misc current assets00000000000000
total current assets132,145,000118,744,000154,712,000142,959,000165,155,000153,704,000157,014,000159,808,000153,863,000166,627,000175,243,000155,244,000149,493,000129,764,000
total assets210,209,000218,090,000253,278,000244,264,000273,589,000262,495,000260,988,000259,978,000264,823,000242,427,000249,967,000227,824,000219,526,000197,053,000
Bank overdraft6,500,00015,001,00020,000,00021,323,000020,836,00017,003,00014,502,0004,233,0001,217,0001,444,0001,266,00000
Bank loan000000000000902,000889,000
Trade Creditors 101,895,00079,524,00064,654,00053,784,00059,757,00042,499,00034,447,00037,726,00041,509,00042,000,00044,828,00036,700,00033,826,00031,173,000
Group/Directors Accounts1,017,0008,605,00054,213,00052,094,00052,192,00035,350,00036,348,00034,261,00049,098,00039,916,00031,384,00030,752,00030,906,00030,716,000
other short term finances00000000000000
hp & lease commitments000018,0006,0001,189,0000896,00000000
other current liabilities10,561,0007,252,0007,345,0008,450,0009,064,00010,481,0007,539,00013,104,00012,226,0008,542,0009,792,0006,775,0008,426,0006,421,000
total current liabilities119,973,000110,382,000146,212,000135,651,000121,031,000109,172,00096,526,00099,593,000107,962,00091,675,00087,448,00075,493,00074,060,00069,199,000
loans0005,247,00040,420,00045,617,00045,113,00045,060,00045,006,00061,649,00069,286,00066,034,00064,555,00057,004,000
hp & lease commitments0000018,0005,613,0007,977,0006,504,00000000
Accruals and Deferred Income00000000000000
other liabilities00000013,0000000000
provisions4,007,0007,493,0005,494,0004,314,000520,000163,0001,208,000405,00092,000610,0001,796,0001,672,0001,436,000951,000
total long term liabilities4,007,0007,493,00027,179,00013,021,00050,906,00066,343,00086,733,00090,223,00092,265,00090,558,000100,347,00086,962,00078,126,00066,549,000
total liabilities123,980,000117,875,000173,391,000148,672,000171,937,000175,515,000183,259,000189,816,000200,227,000182,233,000187,795,000162,455,000152,186,000135,748,000
net assets86,229,000100,215,00079,887,00095,592,000101,652,00086,980,00077,729,00070,162,00064,596,00060,194,00062,172,00065,369,00067,340,00061,305,000
total shareholders funds86,229,000100,215,00079,887,00095,592,000101,652,00086,980,00077,729,00070,162,00064,596,00060,194,00062,172,00065,369,00067,340,00061,305,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-302,000540,000718,000-2,268,0004,917,00010,261,00013,636,00016,549,00015,642,0008,238,00012,604,00011,543,00013,734,0006,161,000
Depreciation7,332,0007,443,0007,628,0007,712,0006,917,0006,233,0004,801,0004,127,0002,344,0003,895,0002,394,0002,251,0001,989,0002,111,000
Amortisation1,846,0001,946,0001,948,0002,192,0002,121,0002,006,0001,955,0001,487,00095,00090,00072,000133,00021,00021,000
Tax538,000-828,000-830,000-907,000-1,330,000-1,519,000-2,658,000-2,075,000-2,671,000-2,024,000-2,816,000-2,370,000-3,282,000-1,121,000
Stock6,162,0001,048,0001,231,000146,000-25,000217,000689,000-520,000-760,000-1,244,0001,388,000-428,0003,397,0009,077,000
Debtors-12,348,000-18,843,000270,000-12,682,000-2,077,000-4,643,000-3,982,0005,278,0008,353,000-7,715,00018,035,0006,578,00010,616,000113,408,000
Creditors22,371,00014,870,00010,870,000-5,973,00017,258,0008,052,000-3,279,000-3,783,000-491,000-2,828,0008,128,0002,874,0002,653,00031,173,000
Accruals and Deferred Income3,309,000-93,000-1,105,000-614,000-1,417,0002,942,000-5,565,000878,0003,684,000-1,250,0003,017,000-1,651,0002,005,0006,421,000
Deferred Taxes & Provisions-3,486,0001,999,0001,180,0003,794,000357,000-1,045,000803,000313,000-518,000-1,186,000124,000236,000485,000951,000
Cash flow from operations37,794,00043,672,00018,908,00016,472,00030,925,00031,356,00012,986,00012,738,00010,492,00013,894,0004,100,0006,866,0003,592,000-76,768,000
Investing Activities
capital expenditure-5,020,000-5,235,000-6,291,000-2,346,000-15,874,000-13,786,000-11,996,0000-18,637,000-5,057,000-3,321,000-5,240,000-4,714,000-43,770,000
Change in Investments1,836,000-14,097,000875,000-1,000-2,768,000939,000-1,015,000-17,226,00010,829,0004,0001,289,000-309,00040,00025,651,000
cash flow from investments-6,856,0008,862,000-7,166,000-2,345,000-13,106,000-14,725,000-10,981,00017,226,000-29,466,000-5,061,000-4,610,000-4,931,000-4,754,000-69,421,000
Financing Activities
Bank loans00000000000-902,00013,000889,000
Group/Directors Accounts-7,588,000-45,608,0002,119,000-98,00016,842,000-998,0002,087,000-14,837,0009,182,0008,532,000632,000-154,000190,00030,716,000
Other Short Term Loans 00000000000000
Long term loans00-5,247,000-35,173,000-5,197,000504,00053,00054,000-16,643,000-7,637,0003,252,0001,479,0007,551,00057,004,000
Hire Purchase and Lease Commitments000-18,000-6,000-6,778,000-1,175,000577,0007,400,00000000
other long term liabilities00000-13,00013,0000000000
share issue-13,819,00017,875,000-17,291,0002,880,0008,566,0003,016,0001,618,0002,617,000-4,909,000-6,117,000-10,920,000-7,954,000-1,901,00058,926,000
interest-542,000-291,000-430,000-956,000-536,000-948,000-1,232,000-1,306,000-3,660,000-1,776,000-2,065,000-3,196,000-2,514,000-2,727,000
cash flow from financing-21,949,000-28,024,000-20,849,000-33,365,00019,669,000-5,217,0001,364,000-12,895,000-8,630,000-6,998,000-9,101,000-10,727,0003,339,000144,808,000
cash and cash equivalents
cash627,000858,0009,923,000-9,230,0009,128,000-553,00078,000-252,000-12,224,000343,000576,000-399,0005,716,0007,279,000
overdraft-8,501,000-4,999,000-1,323,00021,323,000-20,836,0003,833,0002,501,00010,269,0003,016,000-227,000178,0001,266,00000
change in cash9,128,0005,857,00011,246,000-30,553,00029,964,000-4,386,000-2,423,000-10,521,000-15,240,000570,000398,000-1,665,0005,716,0007,279,000

P&L

December 2022

turnover

672.7m

+21%

operating profit

-302k

-156%

gross margin

9.2%

-12.31%

turnover

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

Balance Sheet

December 2022

net assets

86.2m

-0.14%

total assets

210.2m

-0.04%

cash

11.9m

+0.06%

net assets

Total assets minus all liabilities

forfarmers uk limited company details

company number

00062904

Type

Private limited with Share Capital

industry

10910 - Manufacture of prepared feeds for farm animals

incorporation date

July 1899

age

125

accounts

Full Accounts

ultimate parent company

FORFARMERS NV

previous names

bocm pauls ltd (March 2015)

bocm silcock limited (October 1992)

incorporated

UK

address

horizon house, fred castle way, rougham industr, bury st. edmunds, IP30 9ND

last accounts submitted

December 2022

forfarmers 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 18 charges/mortgages relating to forfarmers uk limited. Currently there are 0 open charges and 18 have been satisfied in the past.

charges

forfarmers uk limited Companies House Filings - See Documents

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