Pomanda estimates the enterprise value of THE ROYAL NAAFI at £45.4m based on a Turnover of £44.2m and 1.03x industry multiple (adjusted for size and gross margin).
the royal naafiEstimated Valuation
£0
Pomanda estimates the enterprise value of THE ROYAL NAAFI at £0 based on an EBITDA of £-243k and a 7.03x industry multiple (adjusted for size and gross margin).
the royal naafiEstimated Valuation
£174.8m
Pomanda estimates the enterprise value of THE ROYAL NAAFI at £174.8m based on Net Assets of £73.8m and 2.37x industry multiple (adjusted for liquidity).
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The Royal NaafiOverview
The Royal Naafi is a live company located in fareham, PO15 7PA with a Companies House number of 00171912. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in December 1920, it's largest shareholder is
unknown.
The Royal Naafi is a mature,
large sized company, Pomanda has estimated its turnover at
£44.2m with
rapid
growth in recent years.
Pomanda's financial health check has awarded The Royal Naafi a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
0 Regular
6 Weak
Size
annual sales of £44.2m, make it larger than the average company (£1.1m)
£44.2m - The Royal Naafi
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (13.3%)
36% - The Royal Naafi
13.3% - Industry AVG
Production
with a gross margin of 29.3%, this company has a higher cost of product (48.8%)
29.3% - The Royal Naafi
48.8% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (4.4%)
-3.5% - The Royal Naafi
4.4% - Industry AVG
Employees
with 371 employees, this is above the industry average (16)
371 - The Royal Naafi
16 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has a higher pay structure (£16.1k)
£36.7k - The Royal Naafi
£16.1k - Industry AVG
Efficiency
resulting in sales per employee of £119.1k, this is more efficient (£72.1k)
£119.1k - The Royal Naafi
£72.1k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (7 days)
57 days - The Royal Naafi
7 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (36 days)
29 days - The Royal Naafi
36 days - Industry AVG
Stock Days
it holds stock equivalent to 60 days, this is more than average (15 days)
60 days - The Royal Naafi
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 102 weeks, this is more cash available to meet short term requirements (52 weeks)
102 weeks - The Royal Naafi
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9%, this is a lower level of debt than the average (56.4%)
9% - The Royal Naafi
56.4% - Industry AVG
THE ROYAL NAAFI financials
EXPORT
The Royal Naafi's latest turnover from March 2024 is £44.2 million and the company has net assets of £73.8 million. According to their latest financial statements, The Royal Naafi has 371 employees and maintains cash reserves of £13.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
44,202,000
28,910,000
20,617,000
17,634,000
23,186,000
34,324,000
37,169,000
41,781,000
50,860,000
79,292,000
94,564,000
110,399,000
124,902,000
134,999,000
139,808,000
Other Income Or Grants
Cost Of Sales
31,272,000
19,195,000
12,930,000
11,287,000
13,328,000
21,554,000
23,079,000
23,644,000
28,696,000
48,052,000
61,999,000
76,291,000
86,080,000
92,475,000
96,998,000
Gross Profit
12,930,000
9,715,000
7,687,000
6,347,000
9,858,000
12,770,000
14,090,000
18,137,000
22,164,000
31,240,000
32,565,000
34,108,000
38,822,000
42,524,000
42,810,000
Admin Expenses
14,477,000
10,920,000
8,972,000
6,249,000
7,958,000
12,459,000
9,363,000
9,542,357
9,228,125
16,067,070
18,301,784
23,875,480
27,903,369
30,745,607
41,082,832
Operating Profit
-1,547,000
-1,205,000
-1,285,000
98,000
1,900,000
311,000
4,727,000
8,594,643
12,935,875
15,172,930
14,263,216
10,232,520
10,918,631
11,778,393
1,727,168
Interest Payable
11,000
11,000
16,000
16,583,000
17,856,000
Interest Receivable
3,338,000
2,653,000
66,000
105,000
204,000
134,000
75,000
88,000
73,000
85,000
17,541,000
17,341,000
105,000
144,000
215,000
Pre-Tax Profit
1,791,000
1,448,000
-1,230,000
192,000
2,088,000
423,000
4,817,000
6,988,000
10,400,000
12,198,000
11,328,000
7,937,000
8,358,000
8,784,000
1,282,000
Tax
Profit After Tax
1,791,000
1,448,000
-1,230,000
192,000
2,088,000
423,000
4,817,000
6,988,000
10,400,000
12,198,000
11,328,000
7,937,000
8,358,000
8,784,000
1,282,000
Dividends Paid
Retained Profit
1,791,000
1,448,000
-1,230,000
192,000
2,088,000
423,000
4,817,000
6,988,000
10,400,000
12,198,000
11,328,000
7,937,000
8,358,000
8,784,000
1,282,000
Employee Costs
13,613,000
10,899,000
7,632,000
5,557,000
8,460,000
13,593,000
14,134,000
15,232,000
17,370,000
27,240,000
36,278,000
39,060,000
47,447,000
48,885,000
54,447,000
Number Of Employees
371
295
241
207
272
522
567
600
834
1,197
1,431
1,642
1,950
2,052
2,252
EBITDA*
-243,000
-441,000
-729,000
355,000
2,022,000
509,000
5,064,000
9,053,643
13,890,875
17,242,930
16,839,216
12,453,520
13,597,631
14,838,393
5,906,168
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
6,512,000
4,379,000
2,757,000
2,660,000
972,000
335,000
301,000
522,000
909,000
2,128,000
3,845,000
4,887,000
5,561,000
5,880,000
7,729,000
Intangible Assets
22,000
30,000
37,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
6,534,000
4,409,000
2,794,000
2,660,000
972,000
335,000
301,000
522,000
909,000
2,128,000
3,845,000
4,887,000
5,561,000
5,880,000
7,729,000
Stock & work in progress
5,222,000
4,042,000
3,584,000
3,191,000
2,396,000
2,222,000
2,450,000
2,210,000
2,544,000
3,119,000
4,645,000
5,682,000
9,001,000
9,360,000
8,421,000
Trade Debtors
6,989,000
5,251,000
2,103,000
1,042,000
797,000
503,000
673,000
1,830,000
1,203,000
1,128,000
3,772,000
5,337,000
3,430,000
4,800,000
4,867,000
Group Debtors
Misc Debtors
2,936,000
1,127,000
235,000
198,000
210,000
193,000
2,785,000
5,572,000
6,834,000
1,602,000
2,087,000
1,771,000
1,415,000
1,731,000
Cash
13,615,000
17,773,000
23,404,000
25,958,000
26,425,000
26,528,000
20,734,000
13,792,000
12,222,000
13,428,000
16,400,000
14,010,000
16,099,000
15,396,000
21,355,000
misc current assets
45,898,000
60,136,000
total current assets
74,660,000
88,329,000
29,091,000
30,426,000
29,816,000
29,463,000
24,050,000
20,617,000
21,541,000
24,509,000
26,419,000
27,116,000
30,301,000
30,971,000
36,374,000
total assets
81,194,000
92,738,000
31,885,000
33,086,000
30,788,000
29,798,000
24,351,000
21,139,000
22,450,000
26,637,000
30,264,000
32,003,000
35,862,000
36,851,000
44,103,000
Bank overdraft
Bank loan
Trade Creditors
2,521,000
615,000
859,000
850,000
661,000
974,000
1,055,000
959,000
2,111,000
2,661,000
3,747,000
4,954,000
8,018,000
9,654,000
5,686,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
4,370,000
2,846,000
1,787,000
2,371,000
1,803,000
2,907,000
2,691,000
3,005,000
3,071,000
4,689,000
5,925,000
6,985,000
8,440,000
9,336,000
11,229,000
total current liabilities
6,891,000
3,461,000
2,646,000
3,221,000
2,464,000
3,881,000
3,746,000
3,964,000
5,182,000
7,350,000
9,672,000
11,939,000
16,458,000
18,990,000
16,915,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
457,000
701,000
591,000
332,000
326,000
584,000
120,000
130,000
223,000
1,053,000
401,000
1,178,000
997,000
3,573,000
1,984,000
total long term liabilities
457,000
701,000
591,000
332,000
326,000
584,000
120,000
130,000
223,000
1,053,000
8,920,000
12,499,000
11,916,000
3,573,000
25,984,000
total liabilities
7,348,000
4,162,000
3,237,000
3,553,000
2,790,000
4,465,000
3,866,000
4,094,000
5,405,000
8,403,000
18,592,000
24,438,000
28,374,000
22,563,000
42,899,000
net assets
73,846,000
88,576,000
28,648,000
29,533,000
27,998,000
25,333,000
20,485,000
17,045,000
17,045,000
18,234,000
11,672,000
7,565,000
7,488,000
14,288,000
1,204,000
total shareholders funds
73,846,000
88,576,000
28,648,000
29,533,000
27,998,000
25,333,000
20,485,000
17,045,000
17,045,000
18,234,000
11,672,000
7,565,000
7,488,000
14,288,000
1,204,000
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
-1,547,000
-1,205,000
-1,285,000
98,000
1,900,000
311,000
4,727,000
8,594,643
12,935,875
15,172,930
14,263,216
10,232,520
10,918,631
11,778,393
1,727,168
Depreciation
1,296,000
757,000
556,000
257,000
122,000
198,000
337,000
459,000
955,000
2,070,000
2,576,000
2,221,000
2,679,000
3,060,000
4,179,000
Amortisation
8,000
7,000
Tax
Stock
1,180,000
458,000
393,000
795,000
174,000
-228,000
240,000
-334,000
-575,000
-1,526,000
-1,037,000
-3,319,000
-359,000
939,000
8,421,000
Debtors
3,547,000
4,275,000
826,000
282,000
282,000
-153,000
-3,749,000
-2,160,000
-1,187,000
2,588,000
-2,050,000
2,223,000
-1,014,000
-383,000
6,598,000
Creditors
1,906,000
-244,000
9,000
189,000
-313,000
-81,000
96,000
-1,152,000
-550,000
-1,086,000
-1,207,000
-3,064,000
-1,636,000
3,968,000
5,686,000
Accruals and Deferred Income
1,524,000
1,059,000
-584,000
568,000
-1,104,000
216,000
-314,000
-66,000
-1,618,000
-1,236,000
-1,060,000
-1,455,000
-896,000
-1,893,000
11,229,000
Deferred Taxes & Provisions
-244,000
110,000
259,000
6,000
-258,000
464,000
-10,000
-93,000
-830,000
652,000
-777,000
181,000
-2,576,000
1,589,000
1,984,000
Cash flow from operations
-1,784,000
-4,249,000
-2,264,000
41,000
-109,000
1,489,000
8,345,000
10,236,643
12,654,875
14,510,930
16,882,216
9,211,520
9,862,631
17,946,393
9,786,168
Investing Activities
capital expenditure
-171,000
-204,000
-35,000
335,000
3,000
-1,679,000
-1,642,000
-2,221,000
-1,372,000
-3,013,000
Change in Investments
cash flow from investments
-171,000
-204,000
-35,000
335,000
3,000
-1,679,000
-1,642,000
-2,221,000
-1,372,000
-3,013,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-16,521,000
58,480,000
345,000
1,343,000
577,000
4,425,000
-1,377,000
-6,988,000
-11,589,000
-5,636,000
-7,221,000
-7,860,000
-15,158,000
4,300,000
-78,000
interest
3,338,000
2,653,000
55,000
94,000
188,000
134,000
75,000
88,000
73,000
85,000
958,000
-515,000
105,000
144,000
215,000
cash flow from financing
-13,183,000
61,133,000
400,000
1,437,000
765,000
4,559,000
-1,302,000
-6,900,000
-11,516,000
-5,551,000
-6,263,000
-8,375,000
-15,053,000
4,444,000
137,000
cash and cash equivalents
cash
-4,158,000
-5,631,000
-2,554,000
-467,000
-103,000
5,794,000
6,942,000
1,570,000
-1,206,000
-2,972,000
2,390,000
-2,089,000
703,000
-5,959,000
21,355,000
overdraft
change in cash
-4,158,000
-5,631,000
-2,554,000
-467,000
-103,000
5,794,000
6,942,000
1,570,000
-1,206,000
-2,972,000
2,390,000
-2,089,000
703,000
-5,959,000
21,355,000
the royal naafi Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the royal naafi. Get real-time insights into the royal naafi's credit score, group structure and payment trends.
Perform a competitor analysis for the royal naafi by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in PO15 area or any other competitors across 12 key performance metrics.
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
93290 - Other amusement and recreation activities
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
56102 - Unlicensed restaurants and cafes
incorporation date
December 1920
age
105
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
March 2024
previous names
navy,army and air force institutes,(the) (September 2022)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
forum 5, solent business park, parkway, fareham, PO15 7PA
Bank
-
Legal Advisor
-
the royal naafi 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 the royal naafi. Currently there are 1 open charges and 1 have been satisfied in the past.
the royal naafi 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 THE ROYAL NAAFI. This can take several minutes, an email will notify you when this has completed.
the royal naafiCompanies House Filings - See Documents
