a.f.blakemore and son limited

a.f.blakemore and son limited Company Information

Share A.F.BLAKEMORE AND SON LIMITED
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Company Number

00391135

Industry

Non-specialised wholesale of food, beverages and tobacco

 

Shareholders

harriet holdings limited

Group Structure

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Contact

Registered Address

long acres ind est, rosehill, willenhall, west midlands, WV13 2JP

a.f.blakemore and son limited Estimated Valuation

£837.9m

Pomanda estimates the enterprise value of A.F.BLAKEMORE AND SON LIMITED at £837.9m based on a Turnover of £1.2b and 0.68x industry multiple (adjusted for size and gross margin).

a.f.blakemore and son limited Estimated Valuation

£194.6m

Pomanda estimates the enterprise value of A.F.BLAKEMORE AND SON LIMITED at £194.6m based on an EBITDA of £24.4m and a 7.97x industry multiple (adjusted for size and gross margin).

a.f.blakemore and son limited Estimated Valuation

£198.8m

Pomanda estimates the enterprise value of A.F.BLAKEMORE AND SON LIMITED at £198.8m based on Net Assets of £88.4m and 2.25x industry multiple (adjusted for liquidity).

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A.f.blakemore And Son Limited Overview

A.f.blakemore And Son Limited is a live company located in willenhall, WV13 2JP with a Companies House number of 00391135. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in November 1944, it's largest shareholder is harriet holdings limited with a 100% stake. A.f.blakemore And Son Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.2b with healthy growth in recent years.

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A.f.blakemore And Son Limited Health Check

Pomanda's financial health check has awarded A.F.Blakemore And Son Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £1.2b, make it larger than the average company (£28.4m)

£1.2b - A.f.blakemore And Son Limited

£28.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (6.5%)

5% - A.f.blakemore And Son Limited

6.5% - Industry AVG

production

Production

with a gross margin of 22%, this company has a comparable cost of product (20.3%)

22% - A.f.blakemore And Son Limited

20.3% - Industry AVG

profitability

Profitability

an operating margin of 0.9% make it less profitable than the average company (2.9%)

0.9% - A.f.blakemore And Son Limited

2.9% - Industry AVG

employees

Employees

with 7297 employees, this is above the industry average (69)

7297 - A.f.blakemore And Son Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £21.3k, the company has a lower pay structure (£34.7k)

£21.3k - A.f.blakemore And Son Limited

£34.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £169.4k, this is less efficient (£375.3k)

£169.4k - A.f.blakemore And Son Limited

£375.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (35 days)

15 days - A.f.blakemore And Son Limited

35 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (38 days)

50 days - A.f.blakemore And Son Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is less than average (34 days)

25 days - A.f.blakemore And Son Limited

34 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (9 weeks)

9 weeks - A.f.blakemore And Son Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.9%, this is a higher level of debt than the average (60.5%)

74.9% - A.f.blakemore And Son Limited

60.5% - Industry AVG

A.F.BLAKEMORE AND SON LIMITED financials

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A.F.Blakemore And Son Limited's latest turnover from April 2023 is £1.2 billion and the company has net assets of £88.4 million. According to their latest financial statements, A.F.Blakemore And Son Limited has 7,297 employees and maintains cash reserves of £38 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023May 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover1,236,436,0001,189,082,0001,000,979,0001,053,379,0001,106,902,0001,256,891,0001,299,653,0001,306,165,0001,275,954,0001,191,658,0001,135,382,0001,147,951,000911,957,000815,770,000
Other Income Or Grants00000000000000
Cost Of Sales964,911,000942,113,000787,479,000836,292,000910,717,0001,071,614,0001,113,197,0001,124,542,0001,099,418,0001,014,289,000966,059,000973,480,000784,478,000698,413,000
Gross Profit271,525,000246,969,000213,500,000217,087,000196,185,000185,277,000186,456,000181,623,000176,536,000177,369,000169,323,000174,471,000127,479,000117,357,000
Admin Expenses261,020,000246,389,000203,640,000207,755,000182,630,000204,264,000177,216,000171,372,000166,506,000167,360,000159,599,000162,518,000118,738,000107,452,000
Operating Profit10,505,000580,0009,860,0009,332,00013,555,000-18,987,0009,240,00010,251,00010,030,00010,009,0009,724,00011,953,0008,741,0009,905,000
Interest Payable5,440,0004,106,0004,157,0003,252,0003,545,0001,757,0002,100,0002,798,0002,647,0002,814,0003,031,0004,975,0001,881,0001,312,000
Interest Receivable440,000229,00068,000173,000175,00036,00098,000150,000204,000408,000388,0002,104,000325,000310,000
Pre-Tax Profit5,330,000-3,297,0006,117,0006,069,0006,006,000-20,658,0007,354,0007,603,0007,587,0007,603,0007,081,0009,273,0009,366,0008,903,000
Tax-1,529,000539,000-547,000-957,000-1,968,0001,868,000-1,840,000-2,359,000-2,509,000-2,553,000-2,059,000-3,290,000-3,112,000-3,247,000
Profit After Tax3,801,000-2,758,0005,570,0005,112,0004,038,000-18,790,0005,514,0005,244,0005,078,0005,050,0005,022,0005,983,0006,254,0005,656,000
Dividends Paid370,000107,000344,000324,000000000000505,000
Retained Profit3,431,000-2,865,0005,226,0004,788,0004,038,000-18,790,0005,514,0005,244,0005,078,0005,050,0005,022,0005,983,0006,254,0005,151,000
Employee Costs155,097,000137,945,000132,184,000127,836,000125,233,000127,799,000124,321,000119,282,000114,607,000110,406,000106,851,000106,294,00080,899,00072,947,000
Number Of Employees7,2977,2997,2457,2957,4937,8987,7357,5147,4567,8237,8787,8795,8095,449
EBITDA*24,425,00014,902,00023,066,00021,852,00025,976,000-11,882,00016,515,00017,246,00017,348,00018,807,00018,994,00022,061,00014,913,00015,540,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023May 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets111,119,000101,566,000106,121,000100,257,00092,527,00089,501,00092,904,00092,897,00089,195,00097,326,00089,034,00092,100,00095,935,00054,932,000
Intangible Assets27,830,00026,999,00027,480,00027,306,00025,826,00021,938,00018,388,00017,547,00018,611,00018,061,00020,556,00022,677,00023,289,00013,143,000
Investments & Other1,717,0009,698,00010,186,0001,546,0001,730,0001,785,0001,735,0001,619,000000000
Debtors (Due After 1 year)6,111,0006,556,0005,442,0006,074,0006,673,0005,994,0004,679,0004,006,0002,695,000711,0001,394,0001,800,0002,318,0001,502,000
Total Fixed Assets146,777,000144,819,000149,229,000135,183,000126,756,000119,218,000117,706,000116,069,000110,501,000116,098,000110,984,000116,577,000121,542,00069,577,000
Stock & work in progress68,184,00066,399,00056,011,00059,286,00061,738,00078,471,00089,865,00087,911,00093,975,000100,253,00083,135,00080,871,00075,951,00061,431,000
Trade Debtors51,186,00051,988,00038,201,00032,501,00049,903,00058,677,00052,774,00055,702,00046,056,00041,239,00044,805,00041,977,00046,734,00032,003,000
Group Debtors1,105,0002,119,0002,249,0002,784,0002,407,0001,407,000188,0000000000
Misc Debtors46,806,00044,053,00043,770,00037,250,00039,895,00043,394,00043,981,00041,666,00048,563,00042,720,00035,934,00030,601,00028,330,00023,179,000
Cash37,961,00027,228,00022,629,00019,378,00019,559,0009,268,0009,634,0006,677,0006,839,0007,548,0006,743,0008,047,0008,766,00013,991,000
misc current assets0000001,170,0000000000
total current assets205,242,000191,787,000162,860,000151,199,000173,502,000191,217,000197,612,000191,956,000195,433,000191,760,000170,617,000161,496,000159,781,000130,604,000
total assets352,019,000336,606,000312,089,000286,382,000300,258,000310,435,000315,318,000308,025,000305,934,000307,858,000281,601,000278,073,000281,323,000200,181,000
Bank overdraft00000006,354,0007,051,0005,200,0007,248,0006,753,0002,186,0000
Bank loan4,000,0002,000,000003,483,0003,665,0003,906,0003,865,0002,825,0002,284,0002,379,0001,615,0001,554,0003,121,000
Trade Creditors 134,181,000129,047,00097,229,000102,046,000128,445,000148,348,000145,382,000130,428,000137,566,000143,734,000109,567,000105,304,000101,664,00069,242,000
Group/Directors Accounts546,000442,000483,000240,00031,00045,0003,0000000000
other short term finances1,238,000608,000608,000401,000231,000403,000190,000369,0002,500,0003,000,0006,016,0006,016,0006,057,00050,000
hp & lease commitments8,372,0007,785,0008,283,0007,902,0007,425,00000101,000224,000377,000422,000467,000358,0000
other current liabilities51,903,00041,285,00042,945,00037,474,00036,846,00043,190,00034,666,00036,720,00026,384,00023,887,00036,269,00033,294,00036,307,00026,556,000
total current liabilities200,240,000181,167,000149,548,000148,063,000176,461,000195,651,000184,147,000177,837,000176,550,000178,482,000161,901,000153,449,000148,126,00098,969,000
loans37,120,00038,198,00040,806,00031,211,00021,717,00028,116,00030,930,00034,836,00037,570,00041,394,00034,371,00043,347,00056,896,00032,352,000
hp & lease commitments18,988,00018,212,00018,525,00015,051,00015,085,000000106,000316,000611,000935,000556,0000
Accruals and Deferred Income00094,000393,000694,0001,197,0000000000
other liabilities00000000000000
provisions2,293,0004,284,0004,599,0004,854,0006,807,00010,835,0001,847,0001,774,0002,241,0001,008,0002,004,0002,124,0002,420,0001,776,000
total long term liabilities63,411,00060,694,00063,930,00052,615,00045,292,00040,275,00042,464,00049,381,00054,293,00050,820,00048,851,00057,425,00067,347,00040,630,000
total liabilities263,651,000241,861,000213,478,000200,678,000221,753,000235,926,000226,611,000227,218,000230,843,000229,302,000210,752,000210,874,000215,473,000139,599,000
net assets88,368,00094,745,00098,611,00085,704,00078,505,00074,509,00088,707,00080,807,00075,091,00078,556,00070,849,00067,199,00065,850,00060,582,000
total shareholders funds88,368,00094,745,00098,611,00085,704,00078,505,00074,509,00088,707,00080,807,00075,091,00078,556,00070,849,00067,199,00065,850,00060,582,000
Apr 2023May 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit10,505,000580,0009,860,0009,332,00013,555,000-18,987,0009,240,00010,251,00010,030,00010,009,0009,724,00011,953,0008,741,0009,905,000
Depreciation11,514,00011,742,00010,722,00010,384,00010,366,0005,064,0005,124,0004,951,0005,787,0007,215,0007,659,0008,585,0004,972,0004,586,000
Amortisation2,406,0002,580,0002,484,0002,136,0002,055,0002,041,0002,151,0002,044,0001,531,0001,583,0001,611,0001,523,0001,200,0001,049,000
Tax-1,529,000539,000-547,000-957,000-1,968,0001,868,000-1,840,000-2,359,000-2,509,000-2,553,000-2,059,000-3,290,000-3,112,000-3,247,000
Stock1,785,00010,388,000-3,275,000-2,452,000-16,733,000-11,394,0001,954,000-6,064,000-6,278,00017,118,0002,264,0004,920,00014,520,00061,431,000
Debtors492,00015,054,00011,053,000-20,269,000-10,594,0007,850,000248,0004,060,00012,644,0002,537,0007,755,000-3,004,00020,698,00056,684,000
Creditors5,134,00031,818,000-4,817,000-26,399,000-19,903,0002,966,00014,954,000-7,138,000-6,168,00034,167,0004,263,0003,640,00032,422,00069,242,000
Accruals and Deferred Income10,618,000-1,660,0005,377,000329,000-6,645,0008,021,000-857,00010,336,0002,497,000-12,382,0002,975,000-3,013,0009,751,00026,556,000
Deferred Taxes & Provisions-1,991,000-315,000-255,000-1,953,000-4,028,0008,988,00073,000-467,0001,233,000-996,000-120,000-296,000644,0001,776,000
Cash flow from operations34,380,00019,842,00015,046,00015,593,00020,759,00013,505,00026,643,00019,622,0006,035,00017,388,00014,034,00017,186,00019,400,000-8,248,000
Investing Activities
capital expenditure00000-11,224,000-6,982,000-9,186,000-1,938,000-4,763,000-4,162,000-3,768,000-13,724,000-8,033,000
Change in Investments-7,981,000-488,0008,640,000-184,000-55,00050,000116,0001,619,000000000
cash flow from investments7,981,000488,000-8,640,000184,00055,000-11,274,000-7,098,000-10,805,000-1,938,000-4,763,000-4,162,000-3,768,000-13,724,000-8,033,000
Financing Activities
Bank loans2,000,0002,000,0000-3,483,000-182,000-241,00041,0001,040,000541,000-95,000764,00061,000-1,567,0003,121,000
Group/Directors Accounts104,000-41,000243,000209,000-14,00042,0003,0000000000
Other Short Term Loans 630,0000207,000170,000-172,000213,000-179,000-2,131,000-500,000-3,016,0000-41,0006,007,00050,000
Long term loans-1,078,000-2,608,0009,595,0009,494,000-6,399,000-2,814,000-3,906,000-2,734,000-3,824,0007,023,000-8,976,000-13,549,00024,544,00032,352,000
Hire Purchase and Lease Commitments1,363,000-811,0003,855,000443,00022,510,0000-101,000-229,000-363,000-340,000-369,000488,000914,0000
other long term liabilities00000000000000
share issue-9,808,000-1,001,0007,681,0002,411,000-42,0004,592,0002,386,000472,000-8,543,0002,657,000-1,372,000-4,634,000-986,00055,431,000
interest-5,000,000-3,877,000-4,089,000-3,079,000-3,370,000-1,721,000-2,002,000-2,648,000-2,443,000-2,406,000-2,643,000-2,871,000-1,556,000-1,002,000
cash flow from financing-11,789,000-6,338,00017,492,0006,165,00012,331,00071,000-3,758,000-6,230,000-15,132,0003,823,000-12,596,000-20,546,00027,356,00089,952,000
cash and cash equivalents
cash10,733,0004,599,0003,251,000-181,00010,291,000-366,0002,957,000-162,000-709,000805,000-1,304,000-719,000-5,225,00013,991,000
overdraft000000-6,354,000-697,0001,851,000-2,048,000495,0004,567,0002,186,0000
change in cash10,733,0004,599,0003,251,000-181,00010,291,000-366,0009,311,000535,000-2,560,0002,853,000-1,799,000-5,286,000-7,411,00013,991,000

a.f.blakemore and son limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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A.f.blakemore And Son Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for a.f.blakemore and son limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in WV13 area or any other competitors across 12 key performance metrics.

a.f.blakemore and son limited Ownership

A.F.BLAKEMORE AND SON LIMITED Shareholders

harriet holdings limited 100%

a.f.blakemore and son limited directors

A.F.Blakemore And Son Limited currently has 6 directors. The longest serving directors include Mr Peter Blakemore (Dec 1992) and Mr Tomas Blakemore (Aug 2017).

officercountryagestartendrole
Mr Peter Blakemore81 years Dec 1992- Director
Mr Tomas BlakemoreEngland37 years Aug 2017- Director
Caoire BlakemoreUnited Kingdom39 years Aug 2017- Director
Mrs Carol WelchUnited Kingdom54 years Apr 2023- Director
Mr Charles BlakemoreUnited Kingdom35 years Sep 2023- Director
Mr Ian KellettEngland61 years Aug 2024- Director

P&L

April 2023

turnover

1.2b

+4%

operating profit

10.5m

+1711%

gross margin

22%

+5.73%

turnover

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

Balance Sheet

April 2023

net assets

88.4m

-0.07%

total assets

352m

+0.05%

cash

38m

+0.39%

net assets

Total assets minus all liabilities

a.f.blakemore and son limited company details

company number

00391135

Type

Private limited with Share Capital

industry

46390 - Non-specialised wholesale of food, beverages and tobacco

incorporation date

November 1944

age

81

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

April 2023

previous names

N/A

accountant

-

auditor

COOPER PARRY GROUP LIMITED

address

long acres ind est, rosehill, willenhall, west midlands, WV13 2JP

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

a.f.blakemore and son 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 16 charges/mortgages relating to a.f.blakemore and son limited. Currently there are 7 open charges and 9 have been satisfied in the past.

a.f.blakemore and son 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 A.F.BLAKEMORE AND SON LIMITED. This can take several minutes, an email will notify you when this has completed.

a.f.blakemore and son limited Companies House Filings - See Documents

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