fyffes group limited
fyffes group limited Company Information
Company Number
00070123
Next Accounts
Dec 2025
Shareholders
fyffes investment holdings
elders & fyffes investments
Group Structure
View All
Industry
Wholesale of fruit and vegetables
Registered Address
houndmills road, houndmills industrial estate, basingstoke,hampshire, RG21 6XL
Website
www.fyffes.comfyffes group limited Estimated Valuation
Pomanda estimates the enterprise value of FYFFES GROUP LIMITED at £169.8m based on a Turnover of £358m and 0.47x industry multiple (adjusted for size and gross margin).
fyffes group limited Estimated Valuation
Pomanda estimates the enterprise value of FYFFES GROUP LIMITED at £56.4m based on an EBITDA of £9.4m and a 6x industry multiple (adjusted for size and gross margin).
fyffes group limited Estimated Valuation
Pomanda estimates the enterprise value of FYFFES GROUP LIMITED at £42.3m based on Net Assets of £22.3m and 1.9x industry multiple (adjusted for liquidity).
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Fyffes Group Limited Overview
Fyffes Group Limited is a live company located in basingstoke,hampshire, RG21 6XL with a Companies House number of 00070123. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in May 1901, it's largest shareholder is fyffes investment holdings with a 71.4% stake. Fyffes Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £358m with healthy growth in recent years.
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Fyffes Group Limited Health Check
Pomanda's financial health check has awarded Fyffes Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £358m, make it larger than the average company (£24.1m)
£358m - Fyffes Group Limited
£24.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8.2%)
10% - Fyffes Group Limited
8.2% - Industry AVG
Production
with a gross margin of 8.4%, this company has a higher cost of product (12.7%)
8.4% - Fyffes Group Limited
12.7% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (2.5%)
1.7% - Fyffes Group Limited
2.5% - Industry AVG
Employees
with 518 employees, this is above the industry average (41)
518 - Fyffes Group Limited
41 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£37.4k)
£36.8k - Fyffes Group Limited
£37.4k - Industry AVG
Efficiency
resulting in sales per employee of £691.2k, this is more efficient (£490.7k)
£691.2k - Fyffes Group Limited
£490.7k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (35 days)
45 days - Fyffes Group Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (34 days)
10 days - Fyffes Group Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (8 days)
6 days - Fyffes Group Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Fyffes Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.5%, this is a higher level of debt than the average (60.8%)
80.5% - Fyffes Group Limited
60.8% - Industry AVG
FYFFES GROUP LIMITED financials
Fyffes Group Limited's latest turnover from March 2024 is £358 million and the company has net assets of £22.3 million. According to their latest financial statements, Fyffes Group Limited has 518 employees and maintains cash reserves of £212 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 358,036,000 | 383,270,000 | 267,456,000 | 278,679,000 | 235,344,000 | 283,996,000 | 336,781,000 | 331,321,000 | 281,681,000 | 273,512,000 | 287,190,000 | 276,230,000 | 243,524,000 | 216,937,000 | 238,118,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 328,061,000 | 353,263,000 | 244,235,000 | 256,428,000 | 217,445,000 | 269,111,000 | 317,673,000 | 315,640,000 | 269,734,000 | 257,420,000 | 271,947,000 | 257,313,000 | 226,453,000 | 200,281,000 | 221,994,000 |
| Gross Profit | 29,975,000 | 30,007,000 | 23,221,000 | 22,251,000 | 17,899,000 | 14,885,000 | 19,108,000 | 15,681,000 | 11,947,000 | 16,092,000 | 15,243,000 | 18,917,000 | 17,071,000 | 16,656,000 | 16,124,000 |
| Admin Expenses | 24,033,000 | 26,431,000 | 20,447,000 | 20,553,000 | 16,477,000 | 16,065,000 | 19,002,000 | 17,827,000 | 16,190,000 | 15,423,000 | 14,819,000 | 14,327,000 | 12,421,000 | 13,569,000 | 15,637,000 |
| Operating Profit | 5,942,000 | 3,576,000 | 2,774,000 | 1,698,000 | 1,422,000 | -1,180,000 | 106,000 | -2,146,000 | -4,243,000 | 669,000 | 424,000 | 4,590,000 | 4,650,000 | 3,087,000 | 487,000 |
| Interest Payable | 1,319,000 | 1,324,000 | 874,000 | 975,000 | 1,256,000 | 3,809,000 | 3,888,000 | 4,759,000 | 4,691,000 | 5,142,000 | 4,500,000 | 4,840,000 | 5,158,000 | 5,052,000 | 4,428,000 |
| Interest Receivable | 34,000 | 2,840,000 | 2,911,000 | 3,535,000 | 3,577,000 | 3,981,000 | 3,511,000 | 4,593,000 | 4,828,000 | 4,621,000 | 4,311,000 | ||||
| Pre-Tax Profit | 3,865,000 | 2,252,000 | 6,177,000 | -2,993,000 | 11,180,000 | -1,951,000 | -167,000 | -541,000 | -5,357,000 | -12,484,000 | -565,000 | 5,530,000 | 10,803,000 | 612,000 | -2,983,000 |
| Tax | 140,000 | -686,000 | -214,000 | -207,000 | -1,341,000 | -98,000 | 110,000 | -545,000 | 22,000 | 694,000 | -176,000 | -690,000 | -446,000 | -568,000 | 1,525,000 |
| Profit After Tax | 4,005,000 | 1,566,000 | 5,963,000 | -3,200,000 | 9,839,000 | -2,049,000 | -57,000 | -1,086,000 | -5,335,000 | -11,790,000 | -741,000 | 4,840,000 | 10,357,000 | 44,000 | -1,458,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 4,005,000 | 1,566,000 | 5,963,000 | -3,200,000 | 9,839,000 | -2,049,000 | -57,000 | -1,086,000 | -5,335,000 | -11,790,000 | -741,000 | 4,840,000 | 10,357,000 | 44,000 | -1,458,000 |
| Employee Costs | 19,084,000 | 21,323,000 | 16,432,000 | 16,572,000 | 13,130,000 | 10,210,000 | 12,416,000 | 18,060,000 | 13,866,000 | 17,097,000 | 12,344,000 | 20,155,000 | 17,672,000 | 11,997,000 | 11,946,000 |
| Number Of Employees | 518 | 484 | 495 | 517 | 476 | 495 | 479 | 512 | 491 | 534 | 573 | 594 | 511 | 486 | 471 |
| EBITDA* | 9,404,000 | 7,872,000 | 6,055,000 | 4,588,000 | 3,999,000 | 437,000 | 1,880,000 | -150,000 | -2,200,000 | 2,351,000 | 1,928,000 | 5,980,000 | 5,986,000 | 4,566,000 | 2,155,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 16,427,000 | 16,504,000 | 19,789,000 | 20,376,000 | 22,135,000 | 11,726,000 | 9,315,000 | 10,167,000 | 11,050,000 | 11,712,000 | 11,893,000 | 12,035,000 | 12,491,000 | 12,805,000 | 14,010,000 |
| Intangible Assets | 952,000 | 952,000 | |||||||||||||
| Investments & Other | 5,552,000 | 6,018,000 | 5,552,000 | 6,252,000 | 9,968,000 | 9,007,000 | 9,007,000 | 9,007,000 | 9,007,000 | 9,007,000 | 17,562,000 | 17,562,000 | 17,562,000 | 17,562,000 | 19,796,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 21,979,000 | 22,522,000 | 25,341,000 | 26,628,000 | 32,103,000 | 20,733,000 | 18,322,000 | 19,174,000 | 20,057,000 | 20,719,000 | 29,455,000 | 29,597,000 | 30,053,000 | 31,319,000 | 34,758,000 |
| Stock & work in progress | 5,603,000 | 7,786,000 | 5,651,000 | 7,040,000 | 5,962,000 | 9,257,000 | 8,266,000 | 9,040,000 | 6,897,000 | 6,574,000 | 6,392,000 | 6,013,000 | 5,061,000 | 4,656,000 | 5,083,000 |
| Trade Debtors | 44,174,000 | 38,170,000 | 31,486,000 | 19,831,000 | 17,142,000 | 13,003,000 | 18,265,000 | 15,833,000 | 15,115,000 | 8,560,000 | 9,416,000 | 14,292,000 | 13,599,000 | 12,283,000 | 14,556,000 |
| Group Debtors | 27,700,000 | 26,142,000 | 21,951,000 | 21,559,000 | 22,152,000 | 26,795,000 | 28,623,000 | 29,523,000 | 27,257,000 | 32,998,000 | 29,982,000 | 27,420,000 | 25,622,000 | 25,388,000 | 27,282,000 |
| Misc Debtors | 14,425,000 | 10,234,000 | 12,751,000 | 11,013,000 | 8,451,000 | 5,527,000 | 6,485,000 | 6,598,000 | 6,727,000 | 6,107,000 | 5,367,000 | 5,495,000 | 4,607,000 | 3,913,000 | 3,901,000 |
| Cash | 212,000 | 540,000 | 2,907,000 | 3,000 | 603,000 | 2,225,000 | 8,000 | 5,283,000 | 766,000 | 11,155,000 | 10,840,000 | 10,281,000 | 10,684,000 | 1,413,000 | |
| misc current assets | |||||||||||||||
| total current assets | 92,114,000 | 82,332,000 | 72,379,000 | 62,350,000 | 53,710,000 | 55,185,000 | 63,864,000 | 61,002,000 | 61,279,000 | 55,005,000 | 62,312,000 | 64,060,000 | 59,170,000 | 56,924,000 | 52,235,000 |
| total assets | 114,093,000 | 104,854,000 | 97,720,000 | 88,978,000 | 85,813,000 | 75,918,000 | 82,186,000 | 80,176,000 | 81,336,000 | 75,724,000 | 91,767,000 | 93,657,000 | 89,223,000 | 88,243,000 | 86,993,000 |
| Bank overdraft | 2,987,000 | 989,000 | 583,000 | 1,871,000 | 360,000 | 177,000 | 58,000 | ||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 9,779,000 | 7,491,000 | 2,977,000 | 2,975,000 | 1,729,000 | 3,723,000 | 4,407,000 | 5,263,000 | 9,523,000 | 5,020,000 | 7,347,000 | 6,876,000 | 7,280,000 | 5,274,000 | 6,180,000 |
| Group/Directors Accounts | 62,958,000 | 57,593,000 | 44,261,000 | 46,375,000 | 43,941,000 | 53,588,000 | 57,312,000 | 45,684,000 | 40,412,000 | 31,792,000 | 36,966,000 | 40,398,000 | 36,734,000 | 48,348,000 | 50,722,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,860,000 | 1,893,000 | 1,498,000 | 1,272,000 | 1,028,000 | ||||||||||
| other current liabilities | 11,202,000 | 10,757,000 | 15,535,000 | 10,738,000 | 7,569,000 | 7,747,000 | 6,438,000 | 7,990,000 | 7,619,000 | 8,648,000 | 6,565,000 | 3,512,000 | 4,393,000 | 2,884,000 | 3,728,000 |
| total current liabilities | 88,786,000 | 78,723,000 | 64,271,000 | 61,360,000 | 54,850,000 | 65,058,000 | 68,157,000 | 60,808,000 | 57,554,000 | 45,460,000 | 50,878,000 | 50,786,000 | 48,767,000 | 56,683,000 | 60,688,000 |
| loans | 2,437,000 | 2,437,000 | 2,437,000 | 2,437,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||
| hp & lease commitments | 1,675,000 | 2,947,000 | 5,253,000 | 5,238,000 | 6,099,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,369,000 | ||||||||||||||
| provisions | 209,000 | 805,000 | 1,096,000 | 1,373,000 | 2,745,000 | 1,740,000 | 3,262,000 | 4,902,000 | 5,326,000 | 5,296,000 | |||||
| total long term liabilities | 3,044,000 | 5,384,000 | 28,190,000 | 31,248,000 | 24,610,000 | 15,847,000 | 19,581,000 | 25,412,000 | 25,225,000 | 25,856,000 | 22,268,000 | 24,429,000 | 21,529,000 | 18,492,000 | 14,285,000 |
| total liabilities | 91,830,000 | 84,107,000 | 92,461,000 | 92,608,000 | 79,460,000 | 80,905,000 | 87,738,000 | 86,220,000 | 82,779,000 | 71,316,000 | 73,146,000 | 75,215,000 | 70,296,000 | 75,175,000 | 74,973,000 |
| net assets | 22,263,000 | 20,747,000 | 5,259,000 | -3,630,000 | 6,353,000 | -4,987,000 | -5,552,000 | -6,044,000 | -1,443,000 | 4,408,000 | 18,621,000 | 18,442,000 | 18,927,000 | 13,068,000 | 12,020,000 |
| total shareholders funds | 22,263,000 | 20,747,000 | 5,259,000 | -3,630,000 | 6,353,000 | -4,987,000 | -5,552,000 | -6,044,000 | -1,443,000 | 4,408,000 | 18,621,000 | 18,442,000 | 18,927,000 | 13,068,000 | 12,020,000 |
| Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 5,942,000 | 3,576,000 | 2,774,000 | 1,698,000 | 1,422,000 | -1,180,000 | 106,000 | -2,146,000 | -4,243,000 | 669,000 | 424,000 | 4,590,000 | 4,650,000 | 3,087,000 | 487,000 |
| Depreciation | 3,462,000 | 4,296,000 | 3,281,000 | 2,890,000 | 2,577,000 | 1,617,000 | 1,774,000 | 1,996,000 | 2,043,000 | 1,682,000 | 1,504,000 | 1,390,000 | 1,336,000 | 1,479,000 | 1,668,000 |
| Amortisation | |||||||||||||||
| Tax | 140,000 | -686,000 | -214,000 | -207,000 | -1,341,000 | -98,000 | 110,000 | -545,000 | 22,000 | 694,000 | -176,000 | -690,000 | -446,000 | -568,000 | 1,525,000 |
| Stock | -2,183,000 | 7,786,000 | -1,389,000 | 1,078,000 | -3,295,000 | 991,000 | -774,000 | 2,143,000 | 323,000 | 182,000 | 379,000 | 952,000 | 405,000 | -427,000 | 5,083,000 |
| Debtors | 11,753,000 | 74,546,000 | 13,785,000 | 4,658,000 | 2,420,000 | -8,048,000 | 1,419,000 | 2,855,000 | 1,434,000 | 2,900,000 | -2,442,000 | 3,379,000 | 2,244,000 | -4,155,000 | 45,739,000 |
| Creditors | 2,288,000 | 7,491,000 | 2,000 | 1,246,000 | -1,994,000 | -684,000 | -856,000 | -4,260,000 | 4,503,000 | -2,327,000 | 471,000 | -404,000 | 2,006,000 | -906,000 | 6,180,000 |
| Accruals and Deferred Income | 445,000 | 10,757,000 | 4,797,000 | 3,169,000 | -178,000 | 1,309,000 | -1,552,000 | 371,000 | -1,029,000 | 2,083,000 | 3,053,000 | -881,000 | 1,509,000 | -844,000 | 3,728,000 |
| Deferred Taxes & Provisions | -209,000 | -596,000 | -291,000 | -277,000 | -1,372,000 | 1,005,000 | -1,522,000 | -1,640,000 | -424,000 | 30,000 | 5,296,000 | ||||
| Cash flow from operations | 2,707,000 | -56,898,000 | -1,756,000 | 3,060,000 | 1,152,000 | -1,354,000 | -9,859,000 | -1,833,000 | 724,000 | 5,817,000 | -1,966,000 | 5,982,000 | 6,860,000 | -31,938,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -466,000 | 6,018,000 | -700,000 | -3,716,000 | 961,000 | -8,555,000 | -2,234,000 | 19,796,000 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 5,365,000 | 57,593,000 | -2,114,000 | 2,434,000 | -9,647,000 | -3,724,000 | 11,628,000 | 5,272,000 | 8,620,000 | -5,174,000 | -3,432,000 | 3,664,000 | -11,614,000 | -2,374,000 | 50,722,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -2,437,000 | 2,437,000 | 2,437,000 | -5,000,000 | 5,000,000 | ||||||||||
| Hire Purchase and Lease Commitments | -1,305,000 | 4,840,000 | 241,000 | -617,000 | 7,127,000 | ||||||||||
| other long term liabilities | 1,369,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | -1,285,000 | -1,324,000 | -874,000 | -975,000 | -1,256,000 | -969,000 | -977,000 | -1,224,000 | -1,114,000 | -1,161,000 | -989,000 | -247,000 | -330,000 | -431,000 | -117,000 |
| cash flow from financing | -782,000 | 82,727,000 | 179,000 | -5,941,000 | 162,000 | -2,079,000 | 6,200,000 | 533,000 | 6,990,000 | -8,758,000 | -3,501,000 | -1,908,000 | -16,442,000 | 3,199,000 | 64,083,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 212,000 | -2,367,000 | 2,904,000 | -600,000 | -1,622,000 | 2,217,000 | -5,275,000 | 4,517,000 | -10,389,000 | 315,000 | 559,000 | -403,000 | 9,271,000 | 1,413,000 | |
| overdraft | 1,998,000 | 989,000 | -583,000 | 583,000 | -1,871,000 | 1,871,000 | -360,000 | 183,000 | 119,000 | 58,000 | |||||
| change in cash | -1,786,000 | -989,000 | -2,367,000 | 3,487,000 | -1,183,000 | -1,622,000 | 4,088,000 | -7,146,000 | 4,517,000 | -10,389,000 | 315,000 | 919,000 | -586,000 | 9,152,000 | 1,355,000 |
fyffes group limited Credit Report and Business Information
Fyffes Group Limited Competitor Analysis
Perform a competitor analysis for fyffes group limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in RG21 area or any other competitors across 12 key performance metrics.
fyffes group limited Ownership
FYFFES GROUP LIMITED group structure
Fyffes Group Limited has 16 subsidiary companies.
Ultimate parent company
SUMITOMO CORP
#0010430
FYFFES INVESTMENTS HOLDINGS UNLIMITED CO
IE227412
2 parents
FYFFES GROUP LIMITED
00070123
16 subsidiaries
fyffes group limited directors
Fyffes Group Limited currently has 4 directors. The longest serving directors include Mr Andrew Joyce (Jan 2018) and Mr Paul Armstrong (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Joyce | 54 years | Jan 2018 | - | Director | |
| Mr Paul Armstrong | 58 years | Jan 2018 | - | Director | |
| Mrs Joanne Blake | 49 years | Jul 2018 | - | Director | |
| Mr John Hopkins | 51 years | Nov 2022 | - | Director |
P&L
March 2024turnover
358m
-7%
operating profit
5.9m
+66%
gross margin
8.4%
+6.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
22.3m
+0.07%
total assets
114.1m
+0.09%
cash
212k
0%
net assets
Total assets minus all liabilities
fyffes group limited company details
company number
00070123
Type
Private limited with Share Capital
industry
46310 - Wholesale of fruit and vegetables
incorporation date
May 1901
age
124
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
elders and fyffes limited (May 1969)
accountant
-
auditor
KPMG
address
houndmills road, houndmills industrial estate, basingstoke,hampshire, RG21 6XL
Bank
BARCLAYS BANK PLC
Legal Advisor
OSBORNE CLARKE
fyffes group 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 2 charges/mortgages relating to fyffes group limited. Currently there are 1 open charges and 1 have been satisfied in the past.
fyffes group 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 FYFFES GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
fyffes group limited Companies House Filings - See Documents
| date | description | view/download |
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