newly weds foods limited
newly weds foods limited Company Information
Company Number
00374033
Website
www.newlywedsfoods.co.ukRegistered Address
owl lane, ossett, west yorkshire, WF5 9AX
Industry
Manufacture of other food products n.e.c.
Telephone
01924280444
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
newly weds foods acquisition ltd 100%
newly weds foods limited Estimated Valuation
The estimated valuation range for newly weds foods limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £88.6m to £182.9m
newly weds foods limited Estimated Valuation
The estimated valuation range for newly weds foods limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £88.6m to £182.9m
newly weds foods limited Estimated Valuation
The estimated valuation range for newly weds foods limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £88.6m to £182.9m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Newly Weds Foods Limited AI Business Plan
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Newly Weds Foods Limited Overview
Newly Weds Foods Limited is a live company located in west yorkshire, WF5 9AX with a Companies House number of 00374033. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in May 1942, it's largest shareholder is newly weds foods acquisition ltd with a 100% stake. Newly Weds Foods Limited is a mature, mega sized company, Pomanda has estimated its turnover at £160.6m with healthy growth in recent years.
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Newly Weds Foods Limited Health Check
Pomanda's financial health check has awarded Newly Weds Foods Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £160.6m, make it larger than the average company (£21.3m)
£160.6m - Newly Weds Foods Limited
£21.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (3.9%)
9% - Newly Weds Foods Limited
3.9% - Industry AVG
Production
with a gross margin of 20.4%, this company has a comparable cost of product (24.6%)
20.4% - Newly Weds Foods Limited
24.6% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (3.8%)
8.4% - Newly Weds Foods Limited
3.8% - Industry AVG
Employees
with 632 employees, this is above the industry average (109)
632 - Newly Weds Foods Limited
109 - Industry AVG
Pay Structure
on an average salary of £49k, the company has a higher pay structure (£35.7k)
£49k - Newly Weds Foods Limited
£35.7k - Industry AVG
Efficiency
resulting in sales per employee of £254.1k, this is more efficient (£203.7k)
£254.1k - Newly Weds Foods Limited
£203.7k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (49 days)
60 days - Newly Weds Foods Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (47 days)
59 days - Newly Weds Foods Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is less than average (53 days)
30 days - Newly Weds Foods Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (7 weeks)
44 weeks - Newly Weds Foods Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.2%, this is a lower level of debt than the average (58.6%)
46.2% - Newly Weds Foods Limited
58.6% - Industry AVG
newly weds foods limited Credit Report and Business Information
Newly Weds Foods Limited Competitor Analysis
Perform a competitor analysis for newly weds foods limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
newly weds foods limited Ownership
NEWLY WEDS FOODS LIMITED group structure
Newly Weds Foods Limited has 2 subsidiary companies.
Ultimate parent company
NEWLY WEDS FOODS INC
#0043021
2 parents
NEWLY WEDS FOODS LIMITED
00374033
2 subsidiaries
newly weds foods limited directors
Newly Weds Foods Limited currently has 2 directors. The longest serving directors include Mr Brian Johnson (Oct 2015) and Mr Tim Whelan (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Johnson | 69 years | Oct 2015 | - | Director | |
| Mr Tim Whelan | 43 years | Jan 2022 | - | Director |
NEWLY WEDS FOODS LIMITED financials
Newly Weds Foods Limited's latest turnover from December 2022 is £160.6 million and the company has net assets of £42.1 million. According to their latest financial statements, Newly Weds Foods Limited has 632 employees and maintains cash reserves of £29.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | 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 | 160,593,000 | 141,861,000 | 130,312,000 | 123,530,000 | 121,167,000 | 118,343,000 | 108,544,000 | 100,884,000 | 96,032,000 | 50,811,000 | 40,562,000 | 36,034,719 | 28,103,049 | 28,618,633 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 127,787,000 | 109,795,000 | 96,667,000 | 91,930,000 | 88,311,000 | 81,574,000 | 74,808,000 | 72,186,000 | 70,515,000 | 40,246,000 | 31,773,000 | 27,650,774 | 21,917,135 | 23,193,992 |
| Gross Profit | 32,806,000 | 32,066,000 | 33,645,000 | 31,600,000 | 32,856,000 | 36,769,000 | 33,736,000 | 28,698,000 | 25,517,000 | 10,565,000 | 8,789,000 | 8,383,945 | 6,185,914 | 5,424,641 |
| Admin Expenses | 19,349,000 | 18,818,000 | 14,754,000 | 16,437,000 | 15,574,000 | 16,389,000 | 16,459,000 | 15,379,000 | 15,514,000 | 7,800,000 | 6,794,000 | 6,630,365 | 5,360,618 | 4,535,303 |
| Operating Profit | 13,457,000 | 13,248,000 | 18,891,000 | 15,163,000 | 17,282,000 | 20,380,000 | 17,277,000 | 13,319,000 | 10,003,000 | 2,765,000 | 1,995,000 | 1,753,580 | 825,296 | 889,338 |
| Interest Payable | 212,000 | 68,000 | 191,000 | 254,000 | 248,000 | 132,000 | 107,000 | 60,000 | 33,000 | 0 | 0 | 0 | 179,997 | 91,871 |
| Interest Receivable | 222,000 | 0 | 10,000 | 19,000 | 28,000 | 42,000 | 119,000 | 126,000 | 13,000 | 0 | 0 | 130,551 | 228,063 | 308,639 |
| Pre-Tax Profit | 13,467,000 | 13,180,000 | 18,710,000 | 14,928,000 | 17,232,000 | 20,926,000 | 16,675,000 | 13,189,000 | 9,983,000 | 3,065,000 | 1,995,000 | 8,022,567 | 974,658 | 1,106,106 |
| Tax | -1,926,000 | -3,209,000 | -3,987,000 | -3,157,000 | -3,753,000 | -4,490,000 | -3,475,000 | -2,442,000 | -2,270,000 | -728,000 | -282,000 | -350,533 | 581,587 | 0 |
| Profit After Tax | 11,541,000 | 9,971,000 | 14,723,000 | 11,771,000 | 13,479,000 | 16,436,000 | 13,200,000 | 10,747,000 | 7,713,000 | 2,337,000 | 1,713,000 | 7,672,034 | 1,556,245 | 1,106,106 |
| Dividends Paid | 9,814,000 | 9,437,000 | 0 | 17,000,000 | 0 | 9,500,000 | 12,000,000 | 9,490,000 | 8,096,000 | 999,000 | 1,970,000 | 23,393,531 | 0 | 0 |
| Retained Profit | 1,727,000 | 534,000 | 14,723,000 | -5,229,000 | 13,479,000 | 6,936,000 | 1,200,000 | 1,257,000 | -383,000 | 1,338,000 | -257,000 | -15,721,497 | 1,556,245 | 1,106,106 |
| Employee Costs | 30,960,000 | 29,398,000 | 26,481,000 | 23,827,000 | 22,795,000 | 20,957,000 | 19,984,000 | 18,712,000 | 18,659,000 | 8,655,000 | 7,393,000 | 6,976,140 | 5,967,248 | 5,762,248 |
| Number Of Employees | 632 | 590 | 545 | 534 | 509 | 472 | 430 | 423 | 426 | 216 | 192 | 188 | 174 | 171 |
| EBITDA* | 17,110,000 | 15,227,000 | 20,259,000 | 16,451,000 | 18,268,000 | 21,429,000 | 18,354,000 | 14,615,000 | 11,237,000 | 3,007,000 | 2,188,000 | 1,922,946 | 1,111,485 | 1,322,114 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | 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 | 7,870,000 | 10,285,000 | 11,181,000 | 10,074,000 | 9,924,000 | 4,479,000 | 2,332,000 | 2,506,000 | 2,956,000 | 3,481,000 | 956,000 | 799,567 | 577,217 | 3,969,032 |
| Intangible Assets | 0 | 233,000 | 512,000 | 791,000 | 1,329,000 | 1,867,000 | 2,405,000 | 2,943,000 | 3,404,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 237,000 | 237,000 | 237,000 | 237,000 | 237,000 | 17,532,000 | 0 | 0 | 1,489,482 | 250,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 279,415 | 14,352,536 |
| Total Fixed Assets | 7,870,000 | 10,518,000 | 11,693,000 | 10,865,000 | 11,490,000 | 6,583,000 | 4,974,000 | 5,686,000 | 6,597,000 | 21,013,000 | 956,000 | 799,567 | 2,346,114 | 18,571,568 |
| Stock & work in progress | 10,812,000 | 9,435,000 | 10,230,000 | 6,741,000 | 6,331,000 | 6,564,000 | 5,510,000 | 5,516,000 | 5,199,000 | 4,644,000 | 1,702,000 | 1,323,558 | 2,109,254 | 2,054,870 |
| Trade Debtors | 26,791,000 | 22,329,000 | 21,123,000 | 20,216,000 | 18,711,000 | 19,955,000 | 18,071,000 | 16,535,000 | 16,862,000 | 16,666,000 | 6,909,000 | 5,660,715 | 4,499,163 | 3,531,804 |
| Group Debtors | 94,000 | 87,000 | 1,286,000 | 2,146,000 | 0 | 0 | 0 | 0 | 2,609,000 | 9,381,000 | 3,999,000 | 3,380,654 | 19,676,284 | 4,978,965 |
| Misc Debtors | 2,970,000 | 4,182,000 | 1,951,000 | 2,082,000 | 1,593,000 | 1,502,000 | 1,739,000 | 1,031,000 | 983,000 | 1,082,000 | 676,000 | 668,077 | 794,116 | 377,880 |
| Cash | 29,703,000 | 29,624,000 | 28,822,000 | 12,115,000 | 22,464,000 | 13,771,000 | 8,435,000 | 10,151,000 | 340,000 | 219,000 | 267,000 | 1,658,161 | 1,394,143 | 1,544,089 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 70,370,000 | 65,657,000 | 63,412,000 | 43,300,000 | 49,099,000 | 41,792,000 | 33,755,000 | 33,233,000 | 25,993,000 | 31,992,000 | 13,553,000 | 12,691,165 | 28,472,960 | 12,487,608 |
| total assets | 78,240,000 | 76,175,000 | 75,105,000 | 54,165,000 | 60,589,000 | 48,375,000 | 38,729,000 | 38,919,000 | 32,590,000 | 53,005,000 | 14,509,000 | 13,490,732 | 30,819,074 | 31,059,176 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 20,806,000 | 20,690,000 | 21,048,000 | 15,622,000 | 16,587,000 | 17,268,000 | 14,154,000 | 12,595,000 | 12,392,000 | 11,830,000 | 6,782,000 | 6,185,981 | 5,111,655 | 3,768,325 |
| Group/Directors Accounts | 10,046,000 | 9,820,000 | 9,746,000 | 9,572,000 | 9,579,000 | 9,331,000 | 9,224,000 | 13,649,000 | 9,571,000 | 830,000 | 423,000 | 72,746 | 2,427,939 | 2,920,408 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 170,000 | 981,000 | 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 | 3,585,000 | 2,915,000 | 2,631,000 | 2,413,000 | 2,692,000 | 4,568,000 | 4,325,000 | 3,623,000 | 3,011,000 | 3,951,000 | 813,000 | 483,565 | 635,506 | 539,877 |
| total current liabilities | 34,437,000 | 33,425,000 | 33,425,000 | 27,607,000 | 28,858,000 | 31,337,000 | 28,684,000 | 29,867,000 | 24,974,000 | 16,611,000 | 8,018,000 | 6,742,292 | 8,175,100 | 7,228,610 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206,000 | 0 | 28,517,000 | 0 | 0 | 174,037 | 4,084,949 |
| 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 | 1,731,000 | 2,405,000 | 1,869,000 | 1,470,000 | 1,414,000 | 200,000 | 143,000 | 144,000 | 171,000 | 49,000 | 0 | 0 | 0 | 71,407 |
| total long term liabilities | 1,731,000 | 2,405,000 | 1,869,000 | 1,470,000 | 1,414,000 | 200,000 | 143,000 | 350,000 | 171,000 | 28,566,000 | 0 | 0 | 174,037 | 4,156,356 |
| total liabilities | 36,168,000 | 35,830,000 | 35,294,000 | 29,077,000 | 30,272,000 | 31,537,000 | 28,827,000 | 30,217,000 | 25,145,000 | 45,177,000 | 8,018,000 | 6,742,292 | 8,349,137 | 11,384,966 |
| net assets | 42,072,000 | 40,345,000 | 39,811,000 | 25,088,000 | 30,317,000 | 16,838,000 | 9,902,000 | 8,702,000 | 7,445,000 | 7,828,000 | 6,491,000 | 6,748,440 | 22,469,937 | 19,674,210 |
| total shareholders funds | 42,072,000 | 40,345,000 | 39,811,000 | 25,088,000 | 30,317,000 | 16,838,000 | 9,902,000 | 8,702,000 | 7,445,000 | 7,828,000 | 6,491,000 | 6,748,440 | 22,469,937 | 19,674,210 |
| Dec 2022 | 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 | 13,457,000 | 13,248,000 | 18,891,000 | 15,163,000 | 17,282,000 | 20,380,000 | 17,277,000 | 13,319,000 | 10,003,000 | 2,765,000 | 1,995,000 | 1,753,580 | 825,296 | 889,338 |
| Depreciation | 3,420,000 | 1,700,000 | 1,089,000 | 750,000 | 448,000 | 511,000 | 539,000 | 835,000 | 888,000 | 242,000 | 193,000 | 169,366 | 286,189 | 432,776 |
| Amortisation | 233,000 | 279,000 | 279,000 | 538,000 | 538,000 | 538,000 | 538,000 | 461,000 | 346,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,926,000 | -3,209,000 | -3,987,000 | -3,157,000 | -3,753,000 | -4,490,000 | -3,475,000 | -2,442,000 | -2,270,000 | -728,000 | -282,000 | -350,533 | 581,587 | 0 |
| Stock | 1,377,000 | -795,000 | 3,489,000 | 410,000 | -233,000 | 1,054,000 | -6,000 | 317,000 | 555,000 | 2,942,000 | 378,442 | -785,696 | 54,384 | 2,054,870 |
| Debtors | 3,257,000 | 2,238,000 | -84,000 | 4,140,000 | -1,153,000 | 1,647,000 | 2,244,000 | -2,888,000 | -6,675,000 | 15,545,000 | 1,874,554 | -15,539,532 | 2,007,793 | 23,241,185 |
| Creditors | 116,000 | -358,000 | 5,426,000 | -965,000 | -681,000 | 3,114,000 | 1,559,000 | 203,000 | 562,000 | 5,048,000 | 596,019 | 1,074,326 | 1,343,330 | 3,768,325 |
| Accruals and Deferred Income | 670,000 | 284,000 | 218,000 | -279,000 | -1,876,000 | 243,000 | 702,000 | 612,000 | -940,000 | 3,138,000 | 329,435 | -151,941 | 95,629 | 539,877 |
| Deferred Taxes & Provisions | -674,000 | 536,000 | 399,000 | 56,000 | 1,214,000 | 57,000 | -1,000 | -27,000 | 122,000 | 49,000 | 0 | 0 | -71,407 | 71,407 |
| Cash flow from operations | 10,662,000 | 11,037,000 | 18,910,000 | 7,556,000 | 14,558,000 | 17,652,000 | 14,901,000 | 15,532,000 | 14,831,000 | -7,973,000 | 578,458 | 18,820,026 | 998,447 | -19,594,332 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | -237,000 | 0 | 0 | 0 | 0 | -17,295,000 | 17,532,000 | 0 | -1,489,482 | 1,239,482 | 250,000 |
| 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 | 226,000 | 74,000 | 174,000 | -7,000 | 248,000 | 107,000 | -4,425,000 | 4,078,000 | 8,741,000 | 407,000 | 350,254 | -2,355,193 | -492,469 | 2,920,408 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -170,000 | -811,000 | 981,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -206,000 | 206,000 | -28,517,000 | 28,517,000 | 0 | -174,037 | -3,910,912 | 4,084,949 |
| 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 | 10,000 | -68,000 | -181,000 | -235,000 | -220,000 | -90,000 | 12,000 | 66,000 | -20,000 | 0 | 0 | 130,551 | 48,066 | 216,768 |
| cash flow from financing | 236,000 | 6,000 | -7,000 | -242,000 | -142,000 | -794,000 | -3,638,000 | 4,350,000 | -19,796,000 | 28,923,000 | 349,814 | -2,398,679 | -3,115,833 | 25,790,229 |
| cash and cash equivalents | ||||||||||||||
| cash | 79,000 | 802,000 | 16,707,000 | -10,349,000 | 8,693,000 | 5,336,000 | -1,716,000 | 9,811,000 | 121,000 | -48,000 | -1,391,161 | 264,018 | -149,946 | 1,544,089 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 79,000 | 802,000 | 16,707,000 | -10,349,000 | 8,693,000 | 5,336,000 | -1,716,000 | 9,811,000 | 121,000 | -48,000 | -1,391,161 | 264,018 | -149,946 | 1,544,089 |
P&L
December 2022turnover
160.6m
+13%
operating profit
13.5m
+2%
gross margin
20.5%
-9.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
42.1m
+0.04%
total assets
78.2m
+0.03%
cash
29.7m
0%
net assets
Total assets minus all liabilities
newly weds foods limited company details
company number
00374033
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
May 1942
age
82
accounts
Full Accounts
ultimate parent company
previous names
rhm ingredients limited (May 2002)
rhm ingredient supplies limited (February 1989)
incorporated
UK
address
owl lane, ossett, west yorkshire, WF5 9AX
last accounts submitted
December 2022
newly weds foods 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 5 charges/mortgages relating to newly weds foods limited. Currently there are 1 open charges and 4 have been satisfied in the past.
newly weds foods limited Companies House Filings - See Documents
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