griffin farms limited
griffin farms limited Company Information
Company Number
00687176
Website
http://gowthorpe.me.ukRegistered Address
hall farm swardeston, norwich, norfolk, NR14 8DS
Industry
Growing of cereals (except rice), leguminous crops and oil seeds
Telephone
01508570383
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
peter geoffrey watkinson 14.9%
josephine mary robertson 14.9%
View Allgriffin farms limited Estimated Valuation
Pomanda estimates the enterprise value of GRIFFIN FARMS LIMITED at £94.1k based on a Turnover of £230.4k and 0.41x industry multiple (adjusted for size and gross margin).
griffin farms limited Estimated Valuation
Pomanda estimates the enterprise value of GRIFFIN FARMS LIMITED at £34.8k based on an EBITDA of £6.8k and a 5.11x industry multiple (adjusted for size and gross margin).
griffin farms limited Estimated Valuation
Pomanda estimates the enterprise value of GRIFFIN FARMS LIMITED at £1.4m based on Net Assets of £1m and 1.34x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Griffin Farms Limited Overview
Griffin Farms Limited is a live company located in norfolk, NR14 8DS with a Companies House number of 00687176. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in March 1961, it's largest shareholder is peter geoffrey watkinson with a 14.9% stake. Griffin Farms Limited is a mature, micro sized company, Pomanda has estimated its turnover at £230.4k with declining growth in recent years.
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Griffin Farms Limited Health Check
Pomanda's financial health check has awarded Griffin Farms Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £230.4k, make it smaller than the average company (£6m)
- Griffin Farms Limited
£6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8%)
- Griffin Farms Limited
8% - Industry AVG
Production
with a gross margin of 30.7%, this company has a comparable cost of product (30.7%)
- Griffin Farms Limited
30.7% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (11.1%)
- Griffin Farms Limited
11.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (39)
3 - Griffin Farms Limited
39 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
- Griffin Farms Limited
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £76.8k, this is less efficient (£171.8k)
- Griffin Farms Limited
£171.8k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is near the average (35 days)
- Griffin Farms Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (47 days)
- Griffin Farms Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 113 days, this is more than average (93 days)
- Griffin Farms Limited
93 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 518 weeks, this is more cash available to meet short term requirements (14 weeks)
518 weeks - Griffin Farms Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.2%, this is a lower level of debt than the average (46.5%)
5.2% - Griffin Farms Limited
46.5% - Industry AVG
GRIFFIN FARMS LIMITED financials
Griffin Farms Limited's latest turnover from September 2023 is estimated at £230.4 thousand and the company has net assets of £1 million. According to their latest financial statements, Griffin Farms Limited has 3 employees and maintains cash reserves of £571.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 346,978 | 289,187 | 179,403 | 328,036 | 280,356 | 323,874 | 296,745 | 215,439 | 277,419 | 359,367 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 156,561 | 273,494 | 214,846 | 283,235 | 217,681 | 232,544 | 210,260 | 393,758 | |||||||
| Gross Profit | 22,842 | 54,542 | 65,510 | 40,639 | 79,064 | -17,105 | 67,159 | -34,391 | |||||||
| Admin Expenses | 47,799 | -14,131 | 12,578 | -23,852 | -14,610 | -4,475 | 29,706 | 34,395 | |||||||
| Operating Profit | -24,957 | 68,673 | 52,932 | 64,491 | 93,674 | -12,630 | 37,453 | -68,786 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 448 | 1,179 | 306 | |||||
| Interest Receivable | 0 | 0 | 947 | 936 | 466 | 0 | 3 | 0 | 36 | 297 | |||||
| Pre-Tax Profit | 120,733 | 65,941 | -24,010 | 69,609 | 53,398 | 64,491 | 93,677 | -13,078 | 36,310 | -68,795 | |||||
| Tax | -23,288 | -12,804 | 4,514 | -14,338 | -12,756 | -13,846 | -20,769 | 634 | -6,672 | 12,160 | |||||
| Profit After Tax | 97,445 | 53,137 | -19,496 | 55,271 | 40,642 | 50,645 | 72,908 | -12,444 | 29,638 | -56,635 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119,625 | |||||
| Retained Profit | 97,445 | 53,137 | -19,496 | 55,271 | 40,642 | 50,645 | 72,908 | -12,444 | 29,638 | -176,260 | |||||
| Employee Costs | 30,013 | 30,021 | 31,021 | ||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | |||||||
| EBITDA* | -22,995 | 70,764 | 57,384 | 70,042 | 99,453 | -5,985 | 44,729 | -60,385 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 443,258 | 442,465 | 444,036 | 445,640 | 447,286 | 448,980 | 450,817 | 452,676 | 454,638 | 456,729 | 460,381 | 466,025 | 471,804 | 478,449 | 485,520 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,500 | 19,500 | 19,500 | 19,500 | 19,500 | 19,500 |
| Total Fixed Assets | 443,286 | 442,493 | 444,064 | 445,668 | 447,314 | 449,008 | 450,845 | 452,704 | 454,664 | 476,255 | 479,907 | 485,551 | 491,330 | 497,975 | 505,046 |
| Stock & work in progress | 49,591 | 37,713 | 26,491 | 36,486 | 17,932 | 31,962 | 97,224 | 106,541 | 82,932 | 142,756 | 138,488 | 152,128 | 119,627 | 98,945 | 114,081 |
| Trade Debtors | 20,033 | 57,886 | 25,939 | 24,928 | 129,283 | 68,112 | 57,237 | 46,676 | 71,223 | 111,755 | 69,849 | 68,154 | 39,646 | 71,505 | 88,754 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 13,745 | 65,091 | 64,672 | 62,802 | 101,888 | 71,973 | 61,217 | 64,097 | 74,404 | 47,929 | 42,718 | 28,495 | 16,287 | 18,656 | 45,643 |
| Cash | 571,772 | 521,856 | 562,512 | 546,353 | 447,789 | 504,267 | 330,174 | 260,266 | 285,186 | 160,353 | 160,302 | 120,878 | 84,821 | 94,823 | 1,141 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 655,141 | 682,546 | 679,614 | 670,569 | 696,892 | 676,314 | 545,852 | 477,580 | 513,745 | 462,793 | 411,357 | 369,655 | 260,381 | 283,929 | 249,619 |
| total assets | 1,098,427 | 1,125,039 | 1,123,678 | 1,116,237 | 1,144,206 | 1,125,322 | 996,697 | 930,284 | 968,409 | 939,048 | 891,264 | 855,206 | 751,711 | 781,904 | 754,665 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,297 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,104 | 67,867 | 20,241 | 37,050 | 85,723 | 37,873 | 15,177 | 16,300 | 15,319 | 42,148 | 28,963 | 38,511 | 34,261 | 53,793 | 27,081 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 5,132 | 3,504 | 1,513 | 7,075 | 0 | 843 | 8,355 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 38,259 | 40,552 | 48,545 | 30,949 | 24,487 | 50,763 | 42,280 | 27,441 | 41,839 | 42,417 | 50,448 | 49,744 | 30,647 | 27,387 | 21,993 |
| total current liabilities | 57,363 | 108,419 | 68,786 | 67,999 | 110,210 | 88,636 | 57,457 | 43,765 | 62,290 | 88,069 | 80,924 | 95,330 | 64,908 | 82,023 | 85,726 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 416 | 520 | 651 | 654 | 835 | 670 | 1,304 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 416 | 520 | 651 | 654 | 835 | 670 | 1,304 | 0 |
| total liabilities | 57,363 | 108,419 | 68,786 | 67,999 | 110,210 | 88,636 | 57,457 | 44,181 | 62,810 | 88,720 | 81,578 | 96,165 | 65,578 | 83,327 | 85,726 |
| net assets | 1,041,064 | 1,016,620 | 1,054,892 | 1,048,238 | 1,033,996 | 1,036,686 | 939,240 | 886,103 | 905,599 | 850,328 | 809,686 | 759,041 | 686,133 | 698,577 | 668,939 |
| total shareholders funds | 1,041,064 | 1,016,620 | 1,054,892 | 1,048,238 | 1,033,996 | 1,036,686 | 939,240 | 886,103 | 905,599 | 850,328 | 809,686 | 759,041 | 686,133 | 698,577 | 668,939 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -24,957 | 68,673 | 52,932 | 64,491 | 93,674 | -12,630 | 37,453 | -68,786 | |||||||
| Depreciation | 1,545 | 1,571 | 1,604 | 1,646 | 1,694 | 1,766 | 1,859 | 1,962 | 2,091 | 4,452 | 5,551 | 5,779 | 6,645 | 7,276 | 8,401 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -23,288 | -12,804 | 4,514 | -14,338 | -12,756 | -13,846 | -20,769 | 634 | -6,672 | 12,160 | |||||
| Stock | 11,878 | 11,222 | -9,995 | 18,554 | -14,030 | -65,262 | -9,317 | 23,609 | -59,824 | 4,268 | -13,640 | 32,501 | 20,682 | -15,136 | 114,081 |
| Debtors | -89,199 | 32,366 | 2,881 | -143,441 | 91,086 | 21,631 | 7,681 | -34,854 | -33,557 | 47,117 | 15,918 | 40,716 | -34,228 | -44,236 | 153,897 |
| Creditors | -48,763 | 47,626 | -16,809 | -48,673 | 47,850 | 22,696 | -1,123 | 981 | -26,829 | 13,185 | -9,548 | 4,250 | -19,532 | 26,712 | 27,081 |
| Accruals and Deferred Income | -2,293 | -7,993 | 17,596 | 6,462 | -26,276 | 8,483 | 14,839 | -14,398 | -578 | -8,031 | 704 | 19,097 | 3,260 | 5,394 | 21,993 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -416 | -104 | -131 | -3 | -181 | 165 | -634 | 1,304 | 0 |
| Cash flow from operations | -20,757 | 122,269 | -1,606 | 44,893 | 28,979 | -8,711 | 130,839 | -267,129 | |||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 26 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -24 | -5,108 | 1,628 | 1,991 | -5,562 | 7,075 | -843 | -7,512 | 8,355 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 947 | 936 | 466 | 0 | 3 | -448 | -1,143 | -9 | |||||
| cash flow from financing | 1 | -24 | -4,161 | 2,564 | 2,457 | -5,562 | 7,078 | -1,291 | -8,655 | 853,545 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 49,916 | -40,656 | 16,159 | 98,564 | -56,478 | 174,093 | 69,908 | -24,920 | 124,833 | 51 | 39,424 | 36,057 | -10,002 | 93,682 | 1,141 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,297 | 28,297 |
| change in cash | 49,916 | -40,656 | 16,159 | 98,564 | -56,478 | 174,093 | 69,908 | -24,920 | 124,833 | 51 | 39,424 | 36,057 | -10,002 | 121,979 | -27,156 |
griffin farms limited Credit Report and Business Information
Griffin Farms Limited Competitor Analysis
Perform a competitor analysis for griffin farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in NR14 area or any other competitors across 12 key performance metrics.
griffin farms limited Ownership
GRIFFIN FARMS LIMITED group structure
Griffin Farms Limited has no subsidiary companies.
Ultimate parent company
GRIFFIN FARMS LIMITED
00687176
griffin farms limited directors
Griffin Farms Limited currently has 3 directors. The longest serving directors include Mrs Rosemary Watkinson (Nov 1992) and Mr Paul Watkinson (Aug 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Rosemary Watkinson | England | 91 years | Nov 1992 | - | Director |
| Mr Paul Watkinson | England | 66 years | Aug 2012 | - | Director |
| Mrs Josephine Robertson | United Kingdom | 56 years | Nov 2019 | - | Director |
P&L
September 2023turnover
230.4k
-38%
operating profit
5.3k
0%
gross margin
30.7%
+2.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1m
+0.02%
total assets
1.1m
-0.02%
cash
571.8k
+0.1%
net assets
Total assets minus all liabilities
Similar Companies
griffin farms limited company details
company number
00687176
Type
Private limited with Share Capital
industry
01110 - Growing of cereals (except rice), leguminous crops and oil seeds
incorporation date
March 1961
age
63
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
hall farm swardeston, norwich, norfolk, NR14 8DS
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
griffin farms 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 8 charges/mortgages relating to griffin farms limited. Currently there are 0 open charges and 8 have been satisfied in the past.
griffin farms limited Companies House Filings - See Documents
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