carr's flour mills limited

carr's flour mills limited Company Information

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Company Number

00480341

Industry

Grain milling

 

Shareholders

whitworths holdings ltd

Group Structure

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Contact

Registered Address

victoria mills london road, wellingborough, northamptonshire, NN8 2DT

carr's flour mills limited Estimated Valuation

£155.3m

Pomanda estimates the enterprise value of CARR'S FLOUR MILLS LIMITED at £155.3m based on a Turnover of £138.7m and 1.12x industry multiple (adjusted for size and gross margin).

carr's flour mills limited Estimated Valuation

£19.9m

Pomanda estimates the enterprise value of CARR'S FLOUR MILLS LIMITED at £19.9m based on an EBITDA of £2.9m and a 6.81x industry multiple (adjusted for size and gross margin).

carr's flour mills limited Estimated Valuation

£29.8m

Pomanda estimates the enterprise value of CARR'S FLOUR MILLS LIMITED at £29.8m based on Net Assets of £19.1m and 1.56x industry multiple (adjusted for liquidity).

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Carr's Flour Mills Limited Overview

Carr's Flour Mills Limited is a live company located in northamptonshire, NN8 2DT with a Companies House number of 00480341. It operates in the grain milling sector, SIC Code 10611. Founded in March 1950, it's largest shareholder is whitworths holdings ltd with a 100% stake. Carr's Flour Mills Limited is a mature, mega sized company, Pomanda has estimated its turnover at £138.7m with healthy growth in recent years.

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Carr's Flour Mills Limited Health Check

Pomanda's financial health check has awarded Carr'S Flour Mills Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £138.7m, make it larger than the average company (£71m)

£138.7m - Carr's Flour Mills Limited

£71m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (13%)

13% - Carr's Flour Mills Limited

13% - Industry AVG

production

Production

with a gross margin of 11.2%, this company has a comparable cost of product (12.9%)

11.2% - Carr's Flour Mills Limited

12.9% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (2.6%)

0.5% - Carr's Flour Mills Limited

2.6% - Industry AVG

employees

Employees

with 203 employees, this is above the industry average (80)

203 - Carr's Flour Mills Limited

80 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.5k, the company has an equivalent pay structure (£47.7k)

£54.5k - Carr's Flour Mills Limited

£47.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £683.1k, this is equally as efficient (£719.9k)

£683.1k - Carr's Flour Mills Limited

£719.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 38 days, this is earlier than average (50 days)

38 days - Carr's Flour Mills Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 19 days, this is quicker than average (35 days)

19 days - Carr's Flour Mills Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 24 days, this is in line with average (28 days)

24 days - Carr's Flour Mills Limited

28 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (5 weeks)

2 weeks - Carr's Flour Mills Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.1%, this is a higher level of debt than the average (56.2%)

63.1% - Carr's Flour Mills Limited

56.2% - Industry AVG

CARR'S FLOUR MILLS LIMITED financials

EXPORTms excel logo

Carr'S Flour Mills Limited's latest turnover from March 2024 is £138.7 million and the company has net assets of £19.1 million. According to their latest financial statements, Carr'S Flour Mills Limited has 203 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Sep 2016Aug 2015Aug 2014Aug 2013Sep 2012Sep 2011Aug 2010Aug 2009
Turnover138,666,000139,669,000109,092,00095,598,00094,981,00091,618,00081,666,00042,916,00071,440,00080,280,88887,106,93594,176,81580,477,22582,606,45967,093,69878,956,464
Other Income Or Grants0000000000000000
Cost Of Sales123,162,000125,017,00095,337,00083,146,00082,231,00079,408,00070,477,00036,303,00060,400,00068,156,14375,599,68884,781,64271,573,01372,559,87656,617,49267,981,396
Gross Profit15,504,00014,652,00013,755,00012,452,00012,750,00012,210,00011,189,0006,613,00011,040,00012,124,74511,507,2479,395,1738,904,21210,046,58310,476,20610,975,068
Admin Expenses14,798,00012,251,0009,465,0009,990,00010,354,0009,873,0008,901,0004,650,0008,196,0008,996,5578,435,7338,248,8788,415,4578,630,8748,802,1938,927,553
Operating Profit706,0002,401,0004,290,0002,462,0002,396,0002,337,0002,288,0001,963,0002,844,0003,128,1883,071,5141,146,295488,7551,415,7091,674,0132,047,515
Interest Payable365,000313,00089,000115,000170,000211,000180,000103,000594,000695,330784,343353,229284,432159,594192,569264,231
Interest Receivable0000000006602,0052,0052,0051,19726,94231,641
Pre-Tax Profit341,0002,088,0004,201,0002,347,0002,226,0002,126,0002,108,0001,860,0002,250,0002,433,5182,289,176795,071283,9941,257,3121,508,3861,814,925
Tax-142,000-427,000-1,152,000-474,000-626,000-450,000-332,000-330,000-178,000-481,801-548,815158,32287,653-177,644-330,835-576,121
Profit After Tax199,0001,661,0003,049,0001,873,0001,600,0001,676,0001,776,0001,530,0002,072,0001,951,7171,740,361953,393371,6471,079,6681,177,5511,238,804
Dividends Paid000000001,952,0001,400,000210,000465,000820,0001,194,0001,404,0001,390,000
Retained Profit199,0001,661,0003,049,0001,873,0001,600,0001,676,0001,776,0001,530,000120,000551,7171,530,361488,393-448,353-114,332-226,449-151,196
Employee Costs11,061,00010,002,0008,706,0008,674,0007,766,0007,203,0007,008,0003,901,0006,649,0007,051,7287,062,0086,806,4066,939,4946,973,7287,079,5687,157,531
Number Of Employees203194188192175168166169172178186188188194195196
EBITDA*2,916,0004,376,0006,291,0004,497,0004,419,0004,319,0004,338,0003,169,0004,800,0005,003,8354,944,6142,916,3481,939,0092,745,7343,093,2013,429,803

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Sep 2016Aug 2015Aug 2014Aug 2013Sep 2012Sep 2011Aug 2010Aug 2009
Tangible Assets22,526,00021,616,00021,162,00021,299,00021,616,00022,757,00023,432,00024,088,00024,529,00025,826,91326,354,26426,738,58514,624,53011,682,77610,157,13410,854,550
Intangible Assets1,593,000715,000000000091,430106,711123,444141,766161,829183,854207,854
Investments & Other1,121,0001,121,0001,011,000911,000891,000841,000701,000561,000561,000115,284118,824122,364125,904145,409149,389153,369
Debtors (Due After 1 year)00000000022,2627,4647,62063,544000
Total Fixed Assets25,240,00023,452,00022,173,00022,210,00022,507,00023,598,00024,133,00024,649,00025,090,00026,055,88926,587,26326,992,01314,955,74411,844,60510,340,98811,062,404
Stock & work in progress8,264,0008,446,00010,212,0007,812,0006,251,0007,130,0006,177,0004,789,0004,005,0004,120,0195,021,6636,063,1144,697,0565,393,5083,516,4724,488,572
Trade Debtors14,458,00019,403,00014,574,00012,995,00013,017,00012,394,00011,741,00010,115,0009,477,00010,816,16612,223,62814,440,72111,543,26413,184,13310,482,83311,763,784
Group Debtors922,000041,00000000077,32678,77577,49875,49069,94374,112234,909
Misc Debtors1,889,0001,993,0001,256,000823,000991,000672,000658,000571,000733,000495,942415,358702,637342,877530,986184,580266,760
Cash1,125,0004,583,0003,596,0001,936,0003,465,0001,977,0001,529,0002,069,0001,139,0001,327,488158,641428,441305,899302,3511,063,629229,135
misc current assets0000000000000000
total current assets26,658,00034,425,00029,679,00023,566,00023,724,00022,173,00020,105,00017,544,00015,354,00016,836,94117,898,06521,712,41116,964,58619,480,92115,321,62616,983,160
total assets51,898,00057,877,00051,852,00045,776,00046,231,00045,771,00044,238,00042,193,00040,444,00042,892,83044,485,32848,704,42431,920,33031,325,52625,662,61428,045,564
Bank overdraft000000001,081,0000223,9603,276,9545,638,3521,162,89301,754,797
Bank loan00000455,0001,546,0002,277,00000000000
Trade Creditors 6,621,00012,478,00011,676,0007,654,0009,421,0009,256,0007,128,0005,053,0005,449,0005,273,3335,853,8817,640,2326,747,4539,170,9665,606,1675,402,947
Group/Directors Accounts17,655,00017,912,00017,779,00019,564,00020,585,00021,773,00022,964,00023,522,00017,728,00020,547,94120,509,49120,534,91213,006,60613,002,73813,002,73813,002,738
other short term finances87,000240,000061,000053,00037,00024,000071,963000000
hp & lease commitments36,00039,00051,00015,00015,00015,00017,00017,0001,444,0001,406,8581,393,1561,389,757129,530110,884175,893234,965
other current liabilities4,801,0005,144,0002,228,0002,003,0001,361,000937,000793,0001,133,0001,459,0001,096,6881,475,9771,170,3901,234,3592,032,4041,586,8001,880,480
total current liabilities29,200,00035,813,00031,734,00029,297,00031,382,00032,489,00032,485,00032,026,00027,161,00028,396,78329,456,46534,012,24526,756,30025,479,88520,371,59822,275,927
loans0000000000000244,304227,476529,024
hp & lease commitments117,000153,000192,00017,00032,00047,00059,00076,0004,565,0005,907,0817,324,9438,685,008136,594122,152113,738264,512
Accruals and Deferred Income871,000681,000793,000913,0001,032,0001,151,0001,270,0001,390,0001,478,0001,578,5381,478,6241,178,6680928,75500
other liabilities0000000000000000
provisions2,585,0002,304,0001,868,0001,333,0001,442,0001,341,0001,357,0001,410,0001,479,0001,744,6651,575,2851,752,9161,588,9883,590,1663,918,0064,093,940
total long term liabilities3,573,0003,138,0002,853,0002,263,0002,506,0002,539,0002,686,0002,876,0007,522,0009,230,28410,378,85211,616,5921,725,5822,845,9902,072,7412,311,482
total liabilities32,773,00038,951,00034,587,00031,560,00033,888,00035,028,00035,171,00034,902,00034,683,00037,627,06739,835,31745,628,83728,481,88228,325,87522,444,33924,587,409
net assets19,125,00018,926,00017,265,00014,216,00012,343,00010,743,0009,067,0007,291,0005,761,0005,265,7634,650,0113,075,5873,438,4482,999,6513,218,2753,458,155
total shareholders funds19,125,00018,926,00017,265,00014,216,00012,343,00010,743,0009,067,0007,291,0005,761,0005,265,7634,650,0113,075,5873,438,4482,999,6513,218,2753,458,155
Mar 2024Mar 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Sep 2016Aug 2015Aug 2014Aug 2013Sep 2012Sep 2011Aug 2010Aug 2009
Operating Activities
Operating Profit706,0002,401,0004,290,0002,462,0002,396,0002,337,0002,288,0001,963,0002,844,0003,128,1883,071,5141,146,295488,7551,415,7091,674,0132,047,515
Depreciation2,079,0001,970,0002,001,0002,035,0002,023,0001,982,0001,931,0001,136,0001,856,0001,860,3661,856,3671,751,7311,430,1911,308,0001,395,1881,355,947
Amortisation131,0005,0000000119,00070,000100,00015,28116,73318,32220,06322,02524,00026,341
Tax-142,000-427,000-1,152,000-474,000-626,000-450,000-332,000-330,000-178,000-481,801-548,815158,32287,653-177,644-330,835-576,121
Stock-182,000-1,766,0002,400,0001,561,000-879,000953,0001,388,000784,000-115,019-901,644-1,041,4511,366,058-696,4521,877,036-972,1004,488,572
Debtors-4,127,0005,525,0002,053,000-190,000942,000667,0001,713,000476,000-1,201,696-1,313,529-2,503,2513,203,301-1,759,8873,043,537-1,523,92812,265,453
Creditors-5,857,000802,0004,022,000-1,767,000165,0002,128,0002,075,000-396,000175,667-580,548-1,786,351892,779-2,423,5133,564,799203,2205,402,947
Accruals and Deferred Income-153,0002,804,000105,000523,000305,00025,000-460,000-414,000261,774-279,375605,5431,114,699-1,726,8001,374,359-293,6801,880,480
Deferred Taxes & Provisions281,000436,000535,000-109,000101,000-16,000-53,000-69,000-265,665169,380-177,631163,928-2,001,178-327,840-175,9344,093,940
Cash flow from operations1,354,0004,232,0005,348,0001,299,0004,301,0004,386,0002,467,000700,0006,110,4916,046,6646,582,062676,717-1,668,4902,258,8354,992,000-2,522,976
Investing Activities
capital expenditure-3,998,000-3,144,000-1,864,000-1,718,000-882,000-1,307,000-1,394,000-765,000-566,657-1,333,015-1,472,046-13,865,786-4,371,945-2,833,642-697,772-12,444,692
Change in Investments0110,000100,00020,00050,000140,000140,0000445,716-3,540-3,540-3,540-19,505-3,980-3,980153,369
cash flow from investments-3,998,000-3,254,000-1,964,000-1,738,000-932,000-1,447,000-1,534,000-765,000-1,012,373-1,329,475-1,468,506-13,862,246-4,352,440-2,829,662-693,792-12,598,061
Financing Activities
Bank loans0000-455,000-1,091,000-731,0002,277,00000000000
Group/Directors Accounts-257,000133,000-1,785,000-1,021,000-1,188,000-1,191,000-558,0005,794,000-2,819,94138,450-25,4217,528,3063,8680013,002,738
Other Short Term Loans -153,000240,000-61,00061,000-53,00016,00013,00024,000-71,96371,963000000
Long term loans000000000000-244,30416,828-301,548529,024
Hire Purchase and Lease Commitments-39,000-51,000211,000-15,000-15,000-14,000-17,000-5,916,000-1,304,939-1,404,160-1,356,6669,808,64133,088-56,595-209,846499,477
other long term liabilities0000000000000000
share issue00000000375,23764,03544,063-851,254887,150-104,292-13,4313,609,351
interest-365,000-313,000-89,000-115,000-170,000-211,000-180,000-103,000-594,000-694,670-782,338-351,224-282,427-158,397-165,627-232,590
cash flow from financing-814,0009,000-1,724,000-1,090,000-1,881,000-2,491,000-1,473,0002,076,000-4,415,606-1,924,382-2,120,36216,134,469397,375-302,456-690,45217,408,000
cash and cash equivalents
cash-3,458,000987,0001,660,000-1,529,0001,488,000448,000-540,000930,000-188,4881,168,847-269,800122,5423,548-761,278834,494229,135
overdraft0000000-1,081,0001,081,000-223,960-3,052,994-2,361,3984,475,4591,162,893-1,754,7971,754,797
change in cash-3,458,000987,0001,660,000-1,529,0001,488,000448,000-540,0002,011,000-1,269,4881,392,8072,783,1942,483,940-4,471,911-1,924,1712,589,291-1,525,662

carr's flour mills limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Carr's Flour Mills Limited Competitor Analysis

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Perform a competitor analysis for carr's flour mills limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN8 area or any other competitors across 12 key performance metrics.

carr's flour mills limited Ownership

CARR'S FLOUR MILLS LIMITED group structure

Carr'S Flour Mills Limited has no subsidiary companies.

Ultimate parent company

1 parent

CARR'S FLOUR MILLS LIMITED

00480341

CARR'S FLOUR MILLS LIMITED Shareholders

whitworths holdings ltd 100%

carr's flour mills limited directors

Carr'S Flour Mills Limited currently has 5 directors. The longest serving directors include Mr Michael George (Sep 2016) and Mr Roger Butler (Sep 2016).

officercountryagestartendrole
Mr Michael George51 years Sep 2016- Director
Mr Roger Butler64 years Sep 2016- Director
Mr Allan Burns65 years Oct 2018- Director
Mr David Goddard50 years Apr 2024- Director
Mr Neil Fyfe46 years May 2024- Director

P&L

March 2024

turnover

138.7m

-1%

operating profit

706k

-71%

gross margin

11.2%

+6.58%

turnover

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

Balance Sheet

March 2024

net assets

19.1m

+0.01%

total assets

51.9m

-0.1%

cash

1.1m

-0.75%

net assets

Total assets minus all liabilities

carr's flour mills limited company details

company number

00480341

Type

Private limited with Share Capital

industry

10611 - Grain milling

incorporation date

March 1950

age

75

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

GRANT THORNTON UK LLP

address

victoria mills london road, wellingborough, northamptonshire, NN8 2DT

Bank

CLYDESDALE BANK

Legal Advisor

-

carr's flour mills 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 carr's flour mills limited. Currently there are 6 open charges and 10 have been satisfied in the past.

carr's flour mills 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.

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carr's flour mills limited Companies House Filings - See Documents

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