lincolnshire pork co ltd
lincolnshire pork co ltd Company Information
Company Number
00446238
Next Accounts
7 days late
Shareholders
meryl suzanne ward
stephen ward & meryl ward
Group Structure
View All
Industry
Raising of swine/pigs
Registered Address
grayingham grange farm, grayingham, gainsborough, lincolnshire, DN21 4JD
Website
-lincolnshire pork co ltd Estimated Valuation
Pomanda estimates the enterprise value of LINCOLNSHIRE PORK CO LTD at £5.1m based on a Turnover of £9.9m and 0.51x industry multiple (adjusted for size and gross margin).
lincolnshire pork co ltd Estimated Valuation
Pomanda estimates the enterprise value of LINCOLNSHIRE PORK CO LTD at £4.2m based on an EBITDA of £969.6k and a 4.33x industry multiple (adjusted for size and gross margin).
lincolnshire pork co ltd Estimated Valuation
Pomanda estimates the enterprise value of LINCOLNSHIRE PORK CO LTD at £9.9m based on Net Assets of £5.9m and 1.67x industry multiple (adjusted for liquidity).
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Lincolnshire Pork Co Ltd Overview
Lincolnshire Pork Co Ltd is a live company located in gainsborough, DN21 4JD with a Companies House number of 00446238. It operates in the raising of swine/pigs sector, SIC Code 01460. Founded in December 1947, it's largest shareholder is meryl suzanne ward with a 67.3% stake. Lincolnshire Pork Co Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £9.9m with healthy growth in recent years.
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Lincolnshire Pork Co Ltd Health Check
Pomanda's financial health check has awarded Lincolnshire Pork Co Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
6 Regular
3 Weak
Size
annual sales of £9.9m, make it smaller than the average company (£18.8m)
- Lincolnshire Pork Co Ltd
£18.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (10.4%)
- Lincolnshire Pork Co Ltd
10.4% - Industry AVG
Production
with a gross margin of 14.7%, this company has a comparable cost of product (14.7%)
- Lincolnshire Pork Co Ltd
14.7% - Industry AVG
Profitability
an operating margin of 6.8% make it more profitable than the average company (3.7%)
- Lincolnshire Pork Co Ltd
3.7% - Industry AVG
Employees
with 37 employees, this is similar to the industry average (33)
37 - Lincolnshire Pork Co Ltd
33 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£34.6k)
- Lincolnshire Pork Co Ltd
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £266.6k, this is less efficient (£561.4k)
- Lincolnshire Pork Co Ltd
£561.4k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is near the average (17 days)
- Lincolnshire Pork Co Ltd
17 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (45 days)
- Lincolnshire Pork Co Ltd
45 days - Industry AVG
Stock Days
it holds stock equivalent to 77 days, this is in line with average (96 days)
- Lincolnshire Pork Co Ltd
96 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Lincolnshire Pork Co Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.7%, this is a lower level of debt than the average (53.3%)
37.7% - Lincolnshire Pork Co Ltd
53.3% - Industry AVG
LINCOLNSHIRE PORK CO LTD financials
Lincolnshire Pork Co Ltd's latest turnover from June 2023 is estimated at £9.9 million and the company has net assets of £5.9 million. According to their latest financial statements, Lincolnshire Pork Co Ltd has 37 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 37 | 42 | 38 | 46 | 43 | 33 | 32 | 30 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,150,955 | 6,338,301 | 5,685,239 | 4,979,537 | 3,443,485 | 2,974,113 | 2,496,759 | 2,332,947 | 2,052,144 | 1,684,667 | 932,324 | 845,988 | 822,126 | 796,774 |
| Intangible Assets | 150 | 150 | ||||||||||||
| Investments & Other | 519,460 | 519,460 | 519,460 | 444,460 | 133,200 | 272,400 | 411,600 | 411,600 | ||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 6,670,565 | 6,857,911 | 6,204,699 | 5,423,997 | 3,576,685 | 3,246,513 | 2,908,359 | 2,744,547 | 2,052,144 | 1,684,667 | 932,324 | 845,988 | 822,126 | 796,774 |
| Stock & work in progress | 1,791,846 | 1,971,297 | 1,567,151 | 1,505,777 | 1,394,087 | 1,266,576 | 1,278,951 | 1,242,607 | 1,303,356 | 1,353,626 | 1,354,728 | 1,206,227 | 1,196,038 | 1,029,506 |
| Trade Debtors | 422,486 | 182,841 | 245,923 | 272,671 | 445,531 | 309,337 | 374,555 | 127,201 | 664,958 | 580,461 | 333,764 | 254,080 | 274,493 | 526,094 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 603,085 | 620,202 | 695,675 | 682,898 | 824,615 | 688,132 | 282,332 | 372,785 | ||||||
| Cash | 89,921 | 126,382 | 381,190 | 38,713 | 29,273 | 691,741 | 1,122,531 | 824,482 | 1,131,498 | 995,315 | ||||
| misc current assets | ||||||||||||||
| total current assets | 2,817,417 | 2,774,340 | 2,508,749 | 2,461,346 | 2,754,154 | 2,390,427 | 2,317,028 | 1,781,306 | 1,997,587 | 2,625,828 | 2,811,023 | 2,284,789 | 2,602,029 | 2,550,915 |
| total assets | 9,487,982 | 9,632,251 | 8,713,448 | 7,885,343 | 6,330,839 | 5,636,940 | 5,225,387 | 4,525,853 | 4,049,731 | 4,310,495 | 3,743,347 | 3,130,777 | 3,424,155 | 3,347,689 |
| Bank overdraft | 1,070,217 | 1,629,882 | 1,376,390 | 882,653 | ||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 730,290 | 1,009,038 | 507,584 | 529,229 | 950,526 | 158,717 | 278,683 | 442,558 | 272,968 | 713,444 | 1,028,148 | 790,973 | 1,262,281 | 1,229,020 |
| Group/Directors Accounts | 15,344 | 10,794 | 19,461 | 48,010 | 50,634 | 49,564 | 39,160 | 52,726 | ||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 3,457 | 20,740 | 20,740 | 20,740 | 20,740 | 20,740 | ||||||||
| other current liabilities | 159,358 | 202,690 | 190,296 | 166,177 | 114,954 | 237,395 | 160,549 | 78,135 | ||||||
| total current liabilities | 1,975,209 | 2,855,861 | 2,114,471 | 1,646,809 | 1,136,854 | 466,416 | 499,132 | 573,419 | 272,968 | 713,444 | 1,028,148 | 790,973 | 1,262,281 | 1,229,020 |
| loans | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | ||||||
| hp & lease commitments | 3,457 | 24,196 | 44,936 | 65,676 | 86,415 | |||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 316,424 | 324,783 | 333,272 | 343,589 | 2,615 | 22,821 | ||||||||
| provisions | 1,239,524 | 880,856 | 835,398 | 731,258 | 442,789 | 352,702 | 341,305 | 250,031 | 252,700 | 181,400 | 81,500 | 73,900 | 61,000 | 47,500 |
| total long term liabilities | 1,600,948 | 1,250,639 | 1,217,127 | 1,144,043 | 532,725 | 463,378 | 472,720 | 295,031 | 252,700 | 181,400 | 81,500 | 73,900 | 63,615 | 70,321 |
| total liabilities | 3,576,157 | 4,106,500 | 3,331,598 | 2,790,852 | 1,669,579 | 929,794 | 971,852 | 868,450 | 525,668 | 894,844 | 1,109,648 | 864,873 | 1,325,896 | 1,299,341 |
| net assets | 5,911,825 | 5,525,751 | 5,381,850 | 5,094,491 | 4,661,260 | 4,707,146 | 4,253,535 | 3,657,403 | 3,524,063 | 3,415,651 | 2,633,699 | 2,265,904 | 2,098,259 | 2,048,348 |
| total shareholders funds | 5,911,825 | 5,525,751 | 5,381,850 | 5,094,491 | 4,661,260 | 4,707,146 | 4,253,535 | 3,657,403 | 3,524,063 | 3,415,651 | 2,633,699 | 2,265,904 | 2,098,259 | 2,048,348 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 301,345 | 339,827 | 321,330 | 302,559 | 261,604 | 261,254 | 213,392 | 191,549 | 139,262 | 115,057 | 95,435 | 83,535 | 88,669 | 62,142 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | -179,451 | 404,146 | 61,374 | 111,690 | 127,511 | -12,375 | 36,344 | -60,749 | -50,270 | -1,102 | 148,501 | 10,189 | 166,532 | 1,029,506 |
| Debtors | 222,528 | -138,555 | -13,971 | -314,577 | 272,677 | 340,582 | 156,901 | -164,972 | 84,497 | 246,697 | 79,684 | -20,413 | -251,601 | 526,094 |
| Creditors | -278,748 | 501,454 | -21,645 | -421,297 | 791,809 | -119,966 | -163,875 | 169,590 | -440,476 | -314,704 | 237,175 | -471,308 | 33,261 | 1,229,020 |
| Accruals and Deferred Income | -43,332 | 12,394 | 24,119 | 51,223 | -122,441 | 76,846 | 82,414 | 78,135 | ||||||
| Deferred Taxes & Provisions | 358,668 | 45,458 | 104,140 | 288,469 | 90,087 | 11,397 | 91,274 | -2,669 | 71,300 | 99,900 | 7,600 | 12,900 | 13,500 | 47,500 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 75,000 | 311,260 | -139,200 | -139,200 | 411,600 | |||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 4,550 | -8,667 | -28,549 | -2,624 | 1,070 | 10,404 | -13,566 | 52,726 | ||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | 45,000 | |||||||||||||
| Hire Purchase and Lease Commitments | -3,457 | -20,740 | -20,739 | -20,740 | -20,740 | -20,739 | 107,155 | |||||||
| other long term liabilities | -8,359 | -8,489 | -10,317 | 343,589 | -2,615 | -20,206 | 22,821 | |||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -89,921 | -36,461 | -254,808 | 342,477 | 9,440 | -662,468 | -430,790 | 298,049 | -307,016 | 136,183 | 995,315 | |||
| overdraft | -559,665 | 253,492 | 493,737 | 882,653 | ||||||||||
| change in cash | 559,665 | -253,492 | -493,737 | -972,574 | -36,461 | -254,808 | 342,477 | 9,440 | -662,468 | -430,790 | 298,049 | -307,016 | 136,183 | 995,315 |
lincolnshire pork co ltd Credit Report and Business Information
Lincolnshire Pork Co Ltd Competitor Analysis
Perform a competitor analysis for lincolnshire pork co ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in DN21 area or any other competitors across 12 key performance metrics.
lincolnshire pork co ltd Ownership
LINCOLNSHIRE PORK CO LTD group structure
Lincolnshire Pork Co Ltd has no subsidiary companies.
Ultimate parent company
LINCOLNSHIRE PORK CO LTD
00446238
lincolnshire pork co ltd directors
Lincolnshire Pork Co Ltd currently has 5 directors. The longest serving directors include Mr Stephen Ward (Sep 1991) and Mrs Meryl Ward (Sep 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Ward | 66 years | Sep 1991 | - | Director | |
| Mrs Meryl Ward | United Kingdom | 64 years | Sep 1991 | - | Director |
| Mrs Emma Blandford | United Kingdom | 37 years | Mar 2024 | - | Director |
| Mr Samuel Ward | United Kingdom | 33 years | Mar 2024 | - | Director |
| Mr Henry Blandford | United Kingdom | 41 years | Mar 2024 | - | Director |
P&L
June 2023turnover
9.9m
+32%
operating profit
668.2k
0%
gross margin
14.7%
-4.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
5.9m
+0.07%
total assets
9.5m
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
lincolnshire pork co ltd company details
company number
00446238
Type
Private limited with Share Capital
industry
01460 - Raising of swine/pigs
incorporation date
December 1947
age
78
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
ermine farms limited (January 2022)
nottinghamshire crop dryers limited (September 1986)
accountant
SMAILES GOLDIE LIMITED
auditor
-
address
grayingham grange farm, grayingham, gainsborough, lincolnshire, DN21 4JD
Bank
NATIONWIDE BUILDING SOCIETY
Legal Advisor
-
lincolnshire pork co ltd 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 2 charges/mortgages relating to lincolnshire pork co ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
lincolnshire pork co ltd 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 LINCOLNSHIRE PORK CO LTD. This can take several minutes, an email will notify you when this has completed.
lincolnshire pork co ltd Companies House Filings - See Documents
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