northern foods grocery group limited
northern foods grocery group limited Company Information
Company Number
00313761
Next Accounts
Apr 2025
Shareholders
northern foods ltd
Group Structure
View All
Industry
Manufacture of cocoa, and chocolate confectionery
+1Registered Address
trinity park house fox way, wakefield, west yorkshire, WF2 8EE
Website
www.northernfoods.comnorthern foods grocery group limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN FOODS GROCERY GROUP LIMITED at £1.2m based on a Turnover of £3.6m and 0.33x industry multiple (adjusted for size and gross margin).
northern foods grocery group limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN FOODS GROCERY GROUP LIMITED at £0 based on an EBITDA of £-1.1m and a 2.09x industry multiple (adjusted for size and gross margin).
northern foods grocery group limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN FOODS GROCERY GROUP LIMITED at £860.3m based on Net Assets of £377.1m and 2.28x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Northern Foods Grocery Group Limited Overview
Northern Foods Grocery Group Limited is a live company located in west yorkshire, WF2 8EE with a Companies House number of 00313761. It operates in the manufacture of rusks and biscuits sector, SIC Code 10720. Founded in May 1936, it's largest shareholder is northern foods ltd with a 100% stake. Northern Foods Grocery Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with declining growth in recent years.
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Northern Foods Grocery Group Limited Health Check
Pomanda's financial health check has awarded Northern Foods Grocery Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
5 Weak
Size
annual sales of £3.6m, make it smaller than the average company (£20.5m)
£3.6m - Northern Foods Grocery Group Limited
£20.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -74%, show it is growing at a slower rate (4.7%)
-74% - Northern Foods Grocery Group Limited
4.7% - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Northern Foods Grocery Group Limited
- - Industry AVG
Profitability
an operating margin of -29.1% make it less profitable than the average company (-0.1%)
-29.1% - Northern Foods Grocery Group Limited
-0.1% - Industry AVG
Employees
with 22 employees, this is below the industry average (172)
- Northern Foods Grocery Group Limited
172 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Northern Foods Grocery Group Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £164.2k, this is more efficient (£123.3k)
- Northern Foods Grocery Group Limited
£123.3k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (51 days)
98 days - Northern Foods Grocery Group Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (46 days)
125 days - Northern Foods Grocery Group Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Northern Foods Grocery Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Northern Foods Grocery Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16%, this is a lower level of debt than the average (56.1%)
16% - Northern Foods Grocery Group Limited
56.1% - Industry AVG
NORTHERN FOODS GROCERY GROUP LIMITED financials
Northern Foods Grocery Group Limited's latest turnover from July 2023 is £3.6 million and the company has net assets of £377.1 million. According to their latest financial statements, we estimate that Northern Foods Grocery Group Limited has 22 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Aug 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Aug 2015 | Jul 2015 | Aug 2014 | Jul 2013 | Jul 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,612,000 | 21,704,000 | 86,598,000 | 209,247,000 | 204,447,000 | 207,818,000 | 206,992,000 | 201,961,000 | 189,689,000 | 189,689,000 | 201,300,000 | 210,890,000 | 281,802,000 | 208,723,000 | 202,201,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,612,000 | 22,478,000 | 74,165,000 | 173,616,000 | 174,065,000 | 170,527,000 | 163,143,000 | 153,565,000 | 156,602,000 | 156,602,000 | 155,161,000 | 166,897,000 | 223,250,000 | 153,922,000 | 149,477,000 |
| Gross Profit | -774,000 | 12,433,000 | 35,631,000 | 30,382,000 | 37,291,000 | 43,849,000 | 48,396,000 | 33,087,000 | 33,087,000 | 46,139,000 | 43,993,000 | 58,552,000 | 54,801,000 | 52,724,000 | |
| Admin Expenses | 1,053,000 | 8,619,000 | 30,572,000 | 32,331,000 | 31,430,000 | 28,254,000 | 26,594,000 | 26,902,000 | 31,724,000 | 31,724,000 | 29,577,000 | 40,149,000 | 38,485,000 | 33,170,000 | 40,114,000 |
| Operating Profit | -1,053,000 | -9,393,000 | -18,139,000 | 3,300,000 | -1,048,000 | 9,037,000 | 17,255,000 | 21,494,000 | 1,363,000 | 1,363,000 | 16,562,000 | 3,844,000 | 20,067,000 | 21,631,000 | 12,610,000 |
| Interest Payable | 7,090,000 | 1,000 | |||||||||||||
| Interest Receivable | 31,837,000 | 30,484,000 | 24,244,000 | 10,612,000 | 10,101,000 | 10,161,000 | 8,851,000 | 6,890,000 | 5,370,000 | 5,370,000 | 8,105,000 | 7,237,000 | 869,000 | 1,855,000 | |
| Pre-Tax Profit | 30,784,000 | 16,856,000 | 190,592,000 | 13,912,000 | 9,053,000 | 19,198,000 | 26,106,000 | 28,384,000 | 6,733,000 | 6,733,000 | 9,472,000 | 11,949,000 | 27,312,000 | 22,500,000 | 14,464,000 |
| Tax | -8,373,000 | 3,408,000 | -6,767,000 | -1,843,000 | -1,698,000 | -4,924,000 | -5,687,000 | -5,280,000 | -3,201,000 | -3,201,000 | -429,000 | -485,000 | -5,265,000 | -6,161,000 | -4,220,000 |
| Profit After Tax | 22,411,000 | 20,264,000 | 183,825,000 | 12,069,000 | 7,355,000 | 14,274,000 | 20,419,000 | 23,104,000 | 3,532,000 | 3,532,000 | 9,043,000 | 11,464,000 | 22,047,000 | 16,339,000 | 10,244,000 |
| Dividends Paid | 20,000,000 | ||||||||||||||
| Retained Profit | 22,411,000 | 20,264,000 | 183,825,000 | 12,069,000 | 7,355,000 | 14,274,000 | 20,419,000 | 23,104,000 | 3,532,000 | 3,532,000 | 9,043,000 | 11,464,000 | 22,047,000 | 16,339,000 | -9,756,000 |
| Employee Costs | 7,448,000 | 14,039,000 | 64,269,000 | 60,336,000 | 60,545,000 | 56,300,000 | 56,137,000 | 56,997,000 | 56,997,000 | 57,438,000 | 53,774,000 | 70,733,000 | 55,564,000 | 52,778,000 | |
| Number Of Employees | 279 | 565 | 2,086 | 2,189 | 2,167 | 2,159 | 2,183 | 2,289 | 2,289 | 2,475 | 1,887 | 2,229 | 2,421 | 2,499 | |
| EBITDA* | -1,053,000 | -5,614,000 | -16,308,000 | 12,829,000 | 4,971,000 | 14,994,000 | 23,341,000 | 27,993,000 | 7,708,000 | 7,708,000 | 23,014,000 | 10,499,000 | 29,716,000 | 28,012,000 | 19,142,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Aug 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Aug 2015 | Jul 2015 | Aug 2014 | Jul 2013 | Jul 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,000 | 176,000 | 35,288,000 | 37,880,000 | 37,326,000 | 39,313,000 | 42,087,000 | 44,040,000 | 44,040,000 | 42,195,000 | 38,037,000 | 41,612,000 | 46,691,000 | 36,009,000 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 4,397,000 | 4,511,000 | 5,422,000 | ||||||||||||
| Total Fixed Assets | 4,399,000 | 4,687,000 | 40,710,000 | 37,880,000 | 37,326,000 | 39,313,000 | 42,087,000 | 44,040,000 | 44,040,000 | 42,195,000 | 38,037,000 | 41,612,000 | 46,691,000 | 36,009,000 | |
| Stock & work in progress | 3,626,000 | 30,366,000 | 24,070,000 | 26,040,000 | 25,154,000 | 23,436,000 | 23,509,000 | 23,509,000 | 27,273,000 | 29,506,000 | 25,051,000 | 22,302,000 | 16,832,000 | ||
| Trade Debtors | 979,000 | 292,000 | 5,610,000 | 12,122,000 | 14,459,000 | 16,591,000 | 20,904,000 | 16,726,000 | 20,677,000 | 20,677,000 | 22,272,000 | 18,899,000 | 26,603,000 | 34,242,000 | 27,861,000 |
| Group Debtors | 448,077,000 | 418,728,000 | 404,447,000 | 192,850,000 | 177,124,000 | 166,722,000 | 165,170,000 | 138,756,000 | 108,490,000 | 108,490,000 | 98,441,000 | 93,192,000 | 82,537,000 | 38,953,000 | 35,772,000 |
| Misc Debtors | 67,000 | 74,000 | 672,000 | 1,596,000 | 2,576,000 | 860,000 | 311,000 | 226,000 | 226,000 | 527,000 | 569,000 | 1,273,000 | 912,000 | 1,762,000 | |
| Cash | 1,000 | 12,000 | 12,000 | 27,000 | 28,000 | 23,000 | 23,000 | 14,000 | 1,000 | 2,000 | |||||
| misc current assets | 3,090,000 | 2,799,000 | 3,547,000 | 1,775,000 | 169,000 | 169,000 | 1,247,000 | 754,000 | 137,000 | ||||||
| total current assets | 449,056,000 | 419,087,000 | 413,757,000 | 236,011,000 | 220,351,000 | 214,740,000 | 215,662,000 | 181,032,000 | 153,094,000 | 153,094,000 | 149,774,000 | 142,920,000 | 135,602,000 | 96,409,000 | 82,229,000 |
| total assets | 449,056,000 | 423,486,000 | 418,444,000 | 276,721,000 | 258,231,000 | 252,066,000 | 254,975,000 | 223,119,000 | 197,134,000 | 197,134,000 | 191,969,000 | 180,957,000 | 177,214,000 | 143,100,000 | 118,238,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,245,000 | 6,295,000 | 39,677,000 | 35,629,000 | 38,498,000 | 38,484,000 | 33,851,000 | 36,453,000 | 36,453,000 | 37,177,000 | 35,747,000 | 35,553,000 | 32,033,000 | 25,174,000 | |
| Group/Directors Accounts | 64,528,000 | 64,528,000 | 64,556,000 | 68,281,000 | 63,318,000 | 62,880,000 | 62,105,000 | 61,482,000 | 61,192,000 | 61,192,000 | 155,000 | 37,000 | 278,000 | 31,000 | |
| other short term finances | 13,000 | 6,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 6,221,000 | 4,294,000 | 13,046,000 | 17,439,000 | 17,414,000 | 18,572,000 | 36,614,000 | 30,322,000 | 25,114,000 | 25,114,000 | 24,814,000 | 24,585,000 | 32,621,000 | 23,288,000 | 24,610,000 |
| total current liabilities | 71,994,000 | 68,822,000 | 83,897,000 | 125,397,000 | 116,361,000 | 119,963,000 | 137,209,000 | 125,655,000 | 122,759,000 | 122,759,000 | 62,146,000 | 60,369,000 | 68,452,000 | 55,352,000 | 49,784,000 |
| loans | 60,094,000 | 59,453,000 | 58,824,000 | 57,988,000 | 55,369,000 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 13,000 | 160,000 | 762,000 | 776,000 | 831,000 | 902,000 | 1,019,000 | 1,034,000 | 1,034,000 | 1,170,000 | 1,616,000 | 1,883,000 | 1,113,000 | 1,194,000 | |
| other liabilities | |||||||||||||||
| provisions | 2,601,000 | 134,000 | 2,639,000 | 2,222,000 | |||||||||||
| total long term liabilities | 13,000 | 160,000 | 762,000 | 3,377,000 | 965,000 | 902,000 | 1,019,000 | 1,034,000 | 1,034,000 | 61,264,000 | 61,069,000 | 60,707,000 | 61,740,000 | 58,785,000 | |
| total liabilities | 71,994,000 | 68,835,000 | 84,057,000 | 126,159,000 | 119,738,000 | 120,928,000 | 138,111,000 | 126,674,000 | 123,793,000 | 123,793,000 | 123,410,000 | 121,438,000 | 129,159,000 | 117,092,000 | 108,569,000 |
| net assets | 377,062,000 | 354,651,000 | 334,387,000 | 150,562,000 | 138,493,000 | 131,138,000 | 116,864,000 | 96,445,000 | 73,341,000 | 73,341,000 | 68,559,000 | 59,519,000 | 48,055,000 | 26,008,000 | 9,669,000 |
| total shareholders funds | 377,062,000 | 354,651,000 | 334,387,000 | 150,562,000 | 138,493,000 | 131,138,000 | 116,864,000 | 96,445,000 | 73,341,000 | 73,341,000 | 68,559,000 | 59,519,000 | 48,055,000 | 26,008,000 | 9,669,000 |
| Jul 2023 | Jul 2022 | Jul 2021 | Aug 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Aug 2015 | Jul 2015 | Aug 2014 | Jul 2013 | Jul 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,053,000 | -9,393,000 | -18,139,000 | 3,300,000 | -1,048,000 | 9,037,000 | 17,255,000 | 21,494,000 | 1,363,000 | 1,363,000 | 16,562,000 | 3,844,000 | 20,067,000 | 21,631,000 | 12,610,000 |
| Depreciation | 3,779,000 | 1,831,000 | 9,529,000 | 6,019,000 | 5,957,000 | 6,086,000 | 6,499,000 | 6,345,000 | 6,345,000 | 6,452,000 | 6,655,000 | 9,649,000 | 6,381,000 | 6,532,000 | |
| Amortisation | |||||||||||||||
| Tax | -8,373,000 | 3,408,000 | -6,767,000 | -1,843,000 | -1,698,000 | -4,924,000 | -5,687,000 | -5,280,000 | -3,201,000 | -3,201,000 | -429,000 | -485,000 | -5,265,000 | -6,161,000 | -4,220,000 |
| Stock | -3,626,000 | -26,740,000 | 6,296,000 | -1,970,000 | 886,000 | 1,718,000 | -73,000 | -3,764,000 | -3,764,000 | -2,233,000 | 4,455,000 | 2,749,000 | 5,470,000 | 16,832,000 | |
| Debtors | 25,572,000 | 8,842,000 | 203,576,000 | 17,887,000 | 7,290,000 | -1,045,000 | 31,141,000 | 26,400,000 | 8,153,000 | 8,153,000 | 8,580,000 | 2,247,000 | 36,306,000 | 8,712,000 | 65,395,000 |
| Creditors | 1,245,000 | -6,295,000 | -33,382,000 | 4,048,000 | -2,869,000 | 14,000 | 4,633,000 | -2,602,000 | -724,000 | -724,000 | 1,430,000 | 194,000 | 3,520,000 | 6,859,000 | 25,174,000 |
| Accruals and Deferred Income | 1,914,000 | -8,899,000 | -4,995,000 | 11,000 | -1,213,000 | -18,113,000 | 6,175,000 | 5,193,000 | 164,000 | 164,000 | -217,000 | -8,303,000 | 10,103,000 | -1,403,000 | 25,804,000 |
| Deferred Taxes & Provisions | -2,601,000 | 2,467,000 | 134,000 | -2,639,000 | 417,000 | 2,222,000 | |||||||||
| Cash flow from operations | -31,839,000 | -22,616,000 | -238,288,000 | -11,739,000 | -3,662,000 | -7,736,000 | -4,397,000 | -1,023,000 | -442,000 | -442,000 | 17,451,000 | -4,797,000 | -3,620,000 | 13,542,000 | -14,105,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -28,000 | -3,725,000 | 4,963,000 | 438,000 | 775,000 | 623,000 | 290,000 | 61,037,000 | 61,037,000 | 118,000 | -241,000 | 247,000 | 31,000 | ||
| Other Short Term Loans | -13,000 | 7,000 | 6,000 | ||||||||||||
| Long term loans | -60,094,000 | -60,094,000 | 641,000 | 629,000 | 836,000 | 2,619,000 | 55,369,000 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 31,837,000 | 30,484,000 | 24,244,000 | 10,612,000 | 10,101,000 | 10,161,000 | 8,851,000 | 6,890,000 | 5,370,000 | 5,370,000 | -7,090,000 | 8,105,000 | 7,237,000 | 869,000 | 1,854,000 |
| cash flow from financing | 31,837,000 | 30,456,000 | 20,519,000 | 15,575,000 | 10,526,000 | 10,943,000 | 9,480,000 | 7,180,000 | 7,563,000 | 7,563,000 | -6,334,000 | 8,493,000 | 8,320,000 | 3,519,000 | 76,648,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,000 | -11,000 | -15,000 | -1,000 | 5,000 | 9,000 | 9,000 | 14,000 | -1,000 | 1,000 | -2,000 | 2,000 | |||
| overdraft | |||||||||||||||
| change in cash | -1,000 | -11,000 | -15,000 | -1,000 | 5,000 | 9,000 | 9,000 | 14,000 | -1,000 | 1,000 | -2,000 | 2,000 |
northern foods grocery group limited Credit Report and Business Information
Northern Foods Grocery Group Limited Competitor Analysis
Perform a competitor analysis for northern foods grocery group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WF2 area or any other competitors across 12 key performance metrics.
northern foods grocery group limited Ownership
NORTHERN FOODS GROCERY GROUP LIMITED group structure
Northern Foods Grocery Group Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
NORTHERN FOODS GROCERY GROUP LIMITED
00313761
2 subsidiaries
northern foods grocery group limited directors
Northern Foods Grocery Group Limited currently has 2 directors. The longest serving directors include Mr Ranjit Boparan (Dec 2011) and Mrs Joanne Simmonds (May 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ranjit Boparan | England | 58 years | Dec 2011 | - | Director |
| Mrs Joanne Simmonds | United Kingdom | 42 years | May 2023 | - | Director |
P&L
July 2023turnover
3.6m
-83%
operating profit
-1.1m
-89%
gross margin
0%
-100%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
377.1m
+0.06%
total assets
449.1m
+0.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
northern foods grocery group limited company details
company number
00313761
Type
Private limited with Share Capital
industry
10821 - Manufacture of cocoa, and chocolate confectionery
10720 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
incorporation date
May 1936
age
89
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
July 2023
previous names
fox's biscuits limited (June 1989)
accountant
-
auditor
-
address
trinity park house fox way, wakefield, west yorkshire, WF2 8EE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
northern foods grocery 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 3 charges/mortgages relating to northern foods grocery group limited. Currently there are 3 open charges and 0 have been satisfied in the past.
northern foods grocery 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 NORTHERN FOODS GROCERY GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
northern foods grocery group limited Companies House Filings - See Documents
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