cranstons quality butchers limited

cranstons quality butchers limited Company Information

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Company Number

00228917

Industry

Production of meat and poultry meat products

 

Retail sale of meat and meat products in specialised stores

 

Shareholders

philip john cranston

roger james cranston

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Group Structure

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Contact

Registered Address

ullswater road, penrith, cumbria, CA11 7EH

cranstons quality butchers limited Estimated Valuation

£15.1m

Pomanda estimates the enterprise value of CRANSTONS QUALITY BUTCHERS LIMITED at £15.1m based on a Turnover of £15.3m and 0.99x industry multiple (adjusted for size and gross margin).

cranstons quality butchers limited Estimated Valuation

£8m

Pomanda estimates the enterprise value of CRANSTONS QUALITY BUTCHERS LIMITED at £8m based on an EBITDA of £1m and a 7.99x industry multiple (adjusted for size and gross margin).

cranstons quality butchers limited Estimated Valuation

£16.1m

Pomanda estimates the enterprise value of CRANSTONS QUALITY BUTCHERS LIMITED at £16.1m based on Net Assets of £5.8m and 2.79x industry multiple (adjusted for liquidity).

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Cranstons Quality Butchers Limited Overview

Cranstons Quality Butchers Limited is a live company located in cumbria, CA11 7EH with a Companies House number of 00228917. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in March 1928, it's largest shareholder is philip john cranston with a 58.8% stake. Cranstons Quality Butchers Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.3m with healthy growth in recent years.

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Cranstons Quality Butchers Limited Health Check

Pomanda's financial health check has awarded Cranstons Quality Butchers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £15.3m, make it in line with the average company (£16.2m)

£15.3m - Cranstons Quality Butchers Limited

£16.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.4%)

6% - Cranstons Quality Butchers Limited

6.4% - Industry AVG

production

Production

with a gross margin of 48.6%, this company has a lower cost of product (17.8%)

48.6% - Cranstons Quality Butchers Limited

17.8% - Industry AVG

profitability

Profitability

an operating margin of 4% make it as profitable than the average company (3.7%)

4% - Cranstons Quality Butchers Limited

3.7% - Industry AVG

employees

Employees

with 210 employees, this is above the industry average (64)

210 - Cranstons Quality Butchers Limited

64 - Industry AVG

paystructure

Pay Structure

on an average salary of £22.8k, the company has an equivalent pay structure (£27.5k)

£22.8k - Cranstons Quality Butchers Limited

£27.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £72.8k, this is less efficient (£179.6k)

£72.8k - Cranstons Quality Butchers Limited

£179.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (31 days)

2 days - Cranstons Quality Butchers Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is slower than average (27 days)

33 days - Cranstons Quality Butchers Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is more than average (16 days)

25 days - Cranstons Quality Butchers Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 80 weeks, this is more cash available to meet short term requirements (21 weeks)

80 weeks - Cranstons Quality Butchers Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 27.6%, this is a lower level of debt than the average (60.5%)

27.6% - Cranstons Quality Butchers Limited

60.5% - Industry AVG

CRANSTONS QUALITY BUTCHERS LIMITED financials

EXPORTms excel logo

Cranstons Quality Butchers Limited's latest turnover from July 2023 is £15.3 million and the company has net assets of £5.8 million. According to their latest financial statements, Cranstons Quality Butchers Limited has 210 employees and maintains cash reserves of £3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover15,281,94214,498,01813,637,15112,849,09912,048,21612,201,36811,696,07411,666,41911,592,49710,763,7889,407,7979,256,94910,041,16810,542,81810,102,528
Other Income Or Grants000000000000000
Cost Of Sales7,850,1617,151,1716,629,5266,219,9655,809,6986,096,6515,899,5405,852,6059,236,3068,572,6387,415,2797,163,9585,283,0755,517,8855,564,787
Gross Profit7,431,7817,346,8477,007,6256,629,1346,238,5186,104,7175,796,5345,813,8142,356,1912,191,1501,992,5182,092,9914,758,0935,024,9334,537,741
Admin Expenses6,821,8036,396,6395,773,1945,584,1695,475,5345,388,7925,188,6085,083,3931,378,0531,415,9161,446,8371,717,5704,065,3284,182,2093,787,971
Operating Profit609,978950,2081,234,4311,044,965762,984715,925607,926730,421978,138775,234545,681375,421692,765842,724749,770
Interest Payable11,1835,8539,1278,5067,09711,71534,65416,54913,078002156,7077,5090
Interest Receivable107,2426,01604,0633,6219317031,2665,7699,02910,6878,8177,0076,17657,886
Pre-Tax Profit706,037950,3711,225,3041,040,522759,508705,141573,975715,138983,907784,263556,368384,023693,065841,391807,656
Tax-218,391-181,281-238,451-208,666-155,811-129,212-113,118-151,968-210,398-173,027-124,814-85,225-175,811-212,314-219,600
Profit After Tax487,646769,090986,853831,856603,697575,929460,857563,170773,509611,236431,554298,798517,254629,077588,056
Dividends Paid1,000,0000300,000100,000454,511036,0001,000,000400,0000516,66723,39721,5501,000,000500,000
Retained Profit-512,354769,090686,853731,856149,186575,929424,857-436,830373,509611,236-85,113275,401495,704-370,92388,056
Employee Costs4,778,7274,484,1544,313,9263,993,7283,733,5273,600,3293,420,9413,386,2013,249,2453,026,4362,700,8282,729,2672,820,0122,848,5032,618,796
Number Of Employees210206203213199209215210205196173160182189172
EBITDA*1,001,6321,330,7301,583,2031,422,0651,176,5651,138,202995,9751,125,9861,239,1211,023,302772,024599,694901,4761,049,736908,645

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets3,766,0023,791,8903,889,4323,956,5644,018,6814,264,3094,507,5834,469,2384,055,8241,594,1711,332,8331,393,8891,412,4681,422,301792,583
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets3,766,0023,791,8903,889,4323,956,5644,018,6814,264,3094,507,5834,469,2384,055,8241,594,1711,332,8331,393,8891,412,4681,422,301792,583
Stock & work in progress558,413558,092533,039470,335425,269371,258403,521383,499389,284352,992316,743296,513292,809292,498256,394
Trade Debtors122,546116,907105,95667,93177,14995,66261,73984,43888,038121,869141,087188,623198,637237,425237,608
Group Debtors000000000000000
Misc Debtors597,632337,199454,535286,080201,522268,069354,285321,481496,817276,448257,088251,428268,580309,156692,220
Cash2,950,1792,897,1663,139,3642,080,3041,182,473877,110256,401500,310394,2562,001,4361,271,2931,039,4721,092,6971,699,6221,175,230
misc current assets000000000000000
total current assets4,228,7703,909,3644,232,8942,904,6501,886,4131,612,0991,075,9461,289,7281,368,3952,752,7451,986,2111,776,0361,852,7232,538,7012,361,452
total assets7,994,7727,701,2548,122,3266,861,2145,905,0945,876,4085,583,5295,758,9665,424,2194,346,9163,319,0443,169,9253,265,1913,961,0023,154,035
Bank overdraft603,1690708,643444,09700427,457471,475402,3940000330,0580
Bank loan000000000000000
Trade Creditors 719,710599,525651,495608,284950,2061,111,225589,127706,842838,031980,399612,118425,202627,759567,588719,023
Group/Directors Accounts110,41111,528267,07581,332182,57923,047428,7111,010,227214,40342,40854,40655,721134,0071,034,55627,047
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities470,055573,338751,321682,394467,841429,420391,453242,647220,877208,889185,369144,105239,856273,570316,292
total current liabilities1,903,3451,184,3912,378,5341,816,1071,600,6261,563,6921,836,7482,431,1911,675,7051,231,696851,893625,0281,001,6222,205,7721,062,362
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions304,016217,098213,117201,285192,502202,285212,279218,130202,039112,28275,44968,08262,15549,52015,040
total long term liabilities304,016217,098213,117201,285192,502202,285212,279218,130202,039112,28275,44968,08262,15549,52015,040
total liabilities2,207,3611,401,4892,591,6512,017,3921,793,1281,765,9772,049,0272,649,3211,877,7441,343,978927,342693,1101,063,7772,255,2921,077,402
net assets5,787,4116,299,7655,530,6754,843,8224,111,9664,110,4313,534,5023,109,6453,546,4753,002,9382,391,7022,476,8152,201,4141,705,7102,076,633
total shareholders funds5,787,4116,299,7655,530,6754,843,8224,111,9664,110,4313,534,5023,109,6453,546,4753,002,9382,391,7022,476,8152,201,4141,705,7102,076,633
Jul 2023Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit609,978950,2081,234,4311,044,965762,984715,925607,926730,421978,138775,234545,681375,421692,765842,724749,770
Depreciation391,654380,522348,772377,100413,581422,277388,049395,565260,983248,068226,343224,273208,711207,012158,875
Amortisation000000000000000
Tax-218,391-181,281-238,451-208,666-155,811-129,212-113,118-151,968-210,398-173,027-124,814-85,225-175,811-212,314-219,600
Stock32125,05362,70445,06654,011-32,26320,022-5,78536,29236,24920,2303,70431136,104256,394
Debtors266,072-106,385206,48075,340-85,060-52,29310,105-178,936186,538142-41,876-27,166-79,364-383,247929,828
Creditors120,185-51,97043,211-341,922-161,019522,098-117,715-131,189-142,368368,281186,916-202,55760,171-151,435719,023
Accruals and Deferred Income-103,283-177,98368,927214,55338,42137,967148,80621,77011,98823,52041,264-95,751-33,714-42,722316,292
Deferred Taxes & Provisions86,9183,98111,8328,783-9,783-9,994-5,85116,09189,75736,8337,3675,92712,63534,48015,040
Cash flow from operations620,6681,004,8091,199,538974,407919,4221,643,617877,9701,065,411765,2701,242,518904,403245,550843,8101,024,888553,178
Investing Activities
capital expenditure00000-177,534-426,592-809,220-2,719,006-510,646-165,937-200,172-204,388-836,668-123,723
Change in Investments000000000000000
cash flow from investments00000-177,534-426,592-809,220-2,719,006-510,646-165,937-200,172-204,388-836,668-123,723
Financing Activities
Bank loans000000000000000
Group/Directors Accounts98,883-255,547185,743-101,247159,532-405,664-581,516795,824171,995-11,998-1,315-78,286-900,5491,007,50927,047
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0000-147,651000170,028000001,988,577
interest96,059163-9,127-4,443-3,476-10,784-33,951-15,283-7,3099,02910,6878,602300-1,33357,886
cash flow from financing194,942-255,384176,616-105,6908,405-416,448-615,467780,541334,714-2,9699,372-69,684-900,2491,006,1762,073,510
cash and cash equivalents
cash53,013-242,1981,059,060897,831305,363620,709-243,909106,054-1,607,180730,143231,821-53,225-606,925524,3921,175,230
overdraft603,169-708,643264,546444,0970-427,457-44,01869,081402,394000-330,058330,0580
change in cash-550,156466,445794,514453,734305,3631,048,166-199,89136,973-2,009,574730,143231,821-53,225-276,867194,3341,175,230

cranstons quality butchers limited Credit Report and Business Information

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High Risk20 - 30
Very High Risk0 - 20
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Cranstons Quality Butchers Limited Competitor Analysis

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Perform a competitor analysis for cranstons quality butchers limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in CA11 area or any other competitors across 12 key performance metrics.

cranstons quality butchers limited Ownership

CRANSTONS QUALITY BUTCHERS LIMITED group structure

Cranstons Quality Butchers Limited has no subsidiary companies.

Ultimate parent company

CRANSTONS QUALITY BUTCHERS LIMITED

00228917

CRANSTONS QUALITY BUTCHERS LIMITED Shareholders

philip john cranston 58.77%
roger james cranston 39.19%
martin jones 2.04%

cranstons quality butchers limited directors

Cranstons Quality Butchers Limited currently has 7 directors. The longest serving directors include Mr Roger Cranston (Dec 1991) and Mr Philip Cranston (Dec 1991).

officercountryagestartendrole
Mr Roger Cranston69 years Dec 1991- Director
Mr Philip Cranston67 years Dec 1991- Director
Ms Elizabeth Cranston69 years Apr 1994- Director
Ms Margaret Cranston70 years Apr 1994- Director
Mrs Melanie Wilson51 years Aug 2021- Director
Mr David Law56 years Aug 2021- Director
Mrs Jane Silburn42 years Nov 2022- Director

P&L

July 2023

turnover

15.3m

+5%

operating profit

610k

-36%

gross margin

48.7%

-4.03%

turnover

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

Balance Sheet

July 2023

net assets

5.8m

-0.08%

total assets

8m

+0.04%

cash

3m

+0.02%

net assets

Total assets minus all liabilities

cranstons quality butchers limited company details

company number

00228917

Type

Private limited with Share Capital

industry

10130 - Production of meat and poultry meat products

47220 - Retail sale of meat and meat products in specialised stores

incorporation date

March 1928

age

96

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

July 2023

previous names

fred robson limited (February 1986)

accountant

-

auditor

NOBLE ACCOUNTANTS LTD

address

ullswater road, penrith, cumbria, CA11 7EH

Bank

HSBC BANK PLC

Legal Advisor

-

cranstons quality butchers 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 6 charges/mortgages relating to cranstons quality butchers limited. Currently there are 3 open charges and 3 have been satisfied in the past.

cranstons quality butchers 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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cranstons quality butchers limited Companies House Filings - See Documents

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