burneys limited
burneys limited Company Information
Company Number
00278733
Website
http://sayersthebakers.co.ukRegistered Address
back o'th' bank house, hereford street, bolton, BL1 8HJ
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Telephone
01908618212
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
warburton ltd 100%
burneys limited Estimated Valuation
Pomanda estimates the enterprise value of BURNEYS LIMITED at £3.9m based on a Turnover of £7.7m and 0.5x industry multiple (adjusted for size and gross margin).
burneys limited Estimated Valuation
Pomanda estimates the enterprise value of BURNEYS LIMITED at £7.5m based on an EBITDA of £1.9m and a 4.05x industry multiple (adjusted for size and gross margin).
burneys limited Estimated Valuation
Pomanda estimates the enterprise value of BURNEYS LIMITED at £0 based on Net Assets of £-2.7m and 2.16x industry multiple (adjusted for liquidity).
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Burneys Limited Overview
Burneys Limited is a live company located in bolton, BL1 8HJ with a Companies House number of 00278733. It operates in the manufacture of bread sector, SIC Code 10710. Founded in August 1933, it's largest shareholder is warburton ltd with a 100% stake. Burneys Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.7m with high growth in recent years.
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Burneys Limited Health Check
Pomanda's financial health check has awarded Burneys Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £7.7m, make it smaller than the average company (£13.9m)
£7.7m - Burneys Limited
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (4.3%)
25% - Burneys Limited
4.3% - Industry AVG
Production
with a gross margin of 21.5%, this company has a higher cost of product (30.2%)
21.5% - Burneys Limited
30.2% - Industry AVG
Profitability
an operating margin of 19.2% make it more profitable than the average company (5%)
19.2% - Burneys Limited
5% - Industry AVG
Employees
with 79 employees, this is below the industry average (193)
79 - Burneys Limited
193 - Industry AVG
Pay Structure
on an average salary of £29.9k, the company has an equivalent pay structure (£27.2k)
£29.9k - Burneys Limited
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £97.2k, this is equally as efficient (£91.1k)
£97.2k - Burneys Limited
£91.1k - Industry AVG
Debtor Days
it gets paid by customers after 119 days, this is later than average (43 days)
119 days - Burneys Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (45 days)
28 days - Burneys Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (23 days)
16 days - Burneys Limited
23 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Burneys Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 137.9%, this is a higher level of debt than the average (55.3%)
137.9% - Burneys Limited
55.3% - Industry AVG
burneys limited Credit Report and Business Information
Burneys Limited Competitor Analysis
Perform a competitor analysis for burneys limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
burneys limited Ownership
BURNEYS LIMITED group structure
Burneys Limited has no subsidiary companies.
Ultimate parent company
2 parents
BURNEYS LIMITED
00278733
burneys limited directors
Burneys Limited currently has 2 directors. The longest serving directors include Mr David Morgan (Mar 2021) and Mr David Light (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Morgan | 47 years | Mar 2021 | - | Director | |
| Mr David Light | 60 years | Mar 2021 | - | Director |
BURNEYS LIMITED financials
Burneys Limited's latest turnover from September 2022 is £7.7 million and the company has net assets of -£2.7 million. According to their latest financial statements, Burneys Limited has 79 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,680,000 | 7,449,000 | 6,308,000 | 3,963,000 | 3,346,000 | 3,555,000 | 2,155 | 512 | ||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 1,471,000 | 1,689,000 | 540,000 | -85,000 | -1,640,000 | -1,645,000 | ||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 1,471,000 | 1,689,000 | 540,000 | -85,000 | -1,640,000 | -1,645,000 | -1,660 | -822 | ||||||
| Tax | -23,000 | -85,000 | -64,000 | -148,000 | 18,000 | -45,000 | -101 | -20 | ||||||
| Profit After Tax | 1,448,000 | 1,604,000 | 476,000 | -233,000 | -1,622,000 | -1,690,000 | -1,761 | -842 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 1,448,000 | 1,604,000 | 476,000 | -233,000 | -1,622,000 | -1,690,000 | -1,761 | -842 | ||||||
| Employee Costs | 2,362,000 | 2,714,000 | 2,321,000 | 1,861,000 | 2,191,000 | 2,172,000 | 1,441 | 332 | ||||||
| Number Of Employees | 79 | 75 | 65 | 58 | 70 | 73 | 38 | 8 | ||||||
| EBITDA* | 1,858,000 | 2,063,000 | 882,000 | 218,000 | -1,319,000 | -1,367,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,952,000 | 3,894,000 | 3,943,000 | 3,776,000 | 3,702,000 | 4,170,000 | 3,858 | 817 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,952,000 | 3,894,000 | 3,943,000 | 3,776,000 | 3,702,000 | 4,170,000 | 3,858 | 817 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 266,000 | 155,000 | 97,000 | 84,000 | 57,000 | 70,000 | 88 | 61 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,522,000 | 1,804,000 | 1,407,000 | 923,000 | 4,000 | 425,000 | 678 | 311 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 346,000 | 186,000 | 129,000 | 264,000 | 476,000 | 368,000 | 574 | 248 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 1,000 | 0 | 17 | 205 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,134,000 | 2,145,000 | 1,633,000 | 1,271,000 | 538,000 | 863,000 | 1,357 | 825 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 7,086,000 | 6,039,000 | 5,576,000 | 5,047,000 | 4,240,000 | 5,033,000 | 5,215 | 1,642 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 3,781,000 | 3,143,000 | 3,570,000 | 3,099,000 | 3,122,000 | 1,828,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 470,000 | 432,000 | 392,000 | 567,000 | 238,000 | 325,000 | 400 | 170 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,784,000 | 5,868,000 | 6,860,000 | 7,238,000 | 6,615,000 | 6,883,000 | 6,993 | 2,223 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 387,000 | 403,000 | 250,000 | 179,000 | 99,000 | 191,000 | 371 | 138 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 9,422,000 | 9,846,000 | 11,072,000 | 11,083,000 | 10,074,000 | 9,227,000 | 7,764 | 2,531 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 351,000 | 328,000 | 243,000 | 179,000 | 148,000 | 166,000 | 121 | 20 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 351,000 | 328,000 | 243,000 | 179,000 | 148,000 | 166,000 | 121 | 20 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 9,773,000 | 10,174,000 | 11,315,000 | 11,262,000 | 10,222,000 | 9,393,000 | 7,885 | 2,551 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | -2,687,000 | -4,135,000 | -5,739,000 | -6,215,000 | -5,982,000 | -4,360,000 | -2,670 | -909 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | -2,687,000 | -4,135,000 | -5,739,000 | -6,215,000 | -5,982,000 | -4,360,000 | -2,670 | -909 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,471,000 | 1,689,000 | 540,000 | -85,000 | -1,640,000 | -1,645,000 | ||||||||
| Depreciation | 387,000 | 374,000 | 342,000 | 303,000 | 321,000 | 278,000 | 79 | 40,256 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | -23,000 | -85,000 | -64,000 | -148,000 | 18,000 | -45,000 | -101 | -20 | ||||||
| Stock | 111,000 | 58,000 | 13,000 | 27,000 | -13,000 | 69,912 | 27 | 61 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 878,000 | 454,000 | 349,000 | 707,000 | -313,000 | 791,748 | 693 | 559 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 38,000 | 40,000 | -175,000 | 329,000 | -87,000 | 324,600 | 230 | 170 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -16,000 | 153,000 | 71,000 | 80,000 | -92,000 | 190,629 | 233 | 138 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 23,000 | 85,000 | 64,000 | 31,000 | -18,000 | 165,879 | 101 | 20 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 891,000 | 1,744,000 | 416,000 | -224,000 | -1,172,000 | -1,592,552 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,084,000 | -992,000 | -378,000 | 623,000 | -268,000 | 6,876,007 | 4,770 | 2,223 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| cash flow from financing | -1,084,000 | -992,000 | -378,000 | 623,000 | -268,000 | 4,208,677 | 4,770 | 2,156 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | -1,000 | 1,000 | -17 | -188 | 205 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 638,000 | -427,000 | 471,000 | -23,000 | 1,294,000 | 1,828,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -638,000 | 427,000 | -471,000 | 22,000 | -1,293,000 | -1,828,017 | -188 | 205 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
September 2022turnover
7.7m
+3%
operating profit
1.5m
-13%
gross margin
21.6%
+3.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
-2.7m
-0.35%
total assets
7.1m
+0.17%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
burneys limited company details
company number
00278733
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
August 1933
age
91
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
back o'th' bank house, hereford street, bolton, BL1 8HJ
last accounts submitted
September 2022
burneys 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 1 charges/mortgages relating to burneys limited. Currently there are 0 open charges and 1 have been satisfied in the past.
burneys limited Companies House Filings - See Documents
| date | description | view/download |
|---|
