wm morrison produce limited
wm morrison produce limited Company Information
Company Number
00776224
Next Accounts
Jul 2025
Shareholders
wm morrison supermarkets holdings limited
Group Structure
View All
Industry
Other processing and preserving of fruit and vegetables
Registered Address
hilmore house, gain lane, bradford, west yorkshire, BD3 7DL
wm morrison produce limited Estimated Valuation
Pomanda estimates the enterprise value of WM MORRISON PRODUCE LIMITED at £282.3m based on a Turnover of £435.4m and 0.65x industry multiple (adjusted for size and gross margin).
wm morrison produce limited Estimated Valuation
Pomanda estimates the enterprise value of WM MORRISON PRODUCE LIMITED at £79.5m based on an EBITDA of £14.9m and a 5.35x industry multiple (adjusted for size and gross margin).
wm morrison produce limited Estimated Valuation
Pomanda estimates the enterprise value of WM MORRISON PRODUCE LIMITED at £531.1m based on Net Assets of £304.2m and 1.75x industry multiple (adjusted for liquidity).
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Wm Morrison Produce Limited Overview
Wm Morrison Produce Limited is a live company located in bradford, BD3 7DL with a Companies House number of 00776224. It operates in the other processing and preserving of fruit and vegetables sector, SIC Code 10390. Founded in October 1963, it's largest shareholder is wm morrison supermarkets holdings limited with a 100% stake. Wm Morrison Produce Limited is a mature, mega sized company, Pomanda has estimated its turnover at £435.4m with declining growth in recent years.
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Wm Morrison Produce Limited Health Check
Pomanda's financial health check has awarded Wm Morrison Produce Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £435.4m, make it larger than the average company (£23.8m)
£435.4m - Wm Morrison Produce Limited
£23.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.2%)
-6% - Wm Morrison Produce Limited
3.2% - Industry AVG
Production
with a gross margin of 6.4%, this company has a higher cost of product (16.2%)
6.4% - Wm Morrison Produce Limited
16.2% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (2.2%)
-0.3% - Wm Morrison Produce Limited
2.2% - Industry AVG
Employees
with 2212 employees, this is above the industry average (103)
2212 - Wm Morrison Produce Limited
103 - Industry AVG
Pay Structure
on an average salary of £22.5k, the company has a lower pay structure (£36.6k)
£22.5k - Wm Morrison Produce Limited
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £196.9k, this is equally as efficient (£187.9k)
£196.9k - Wm Morrison Produce Limited
£187.9k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (46 days)
0 days - Wm Morrison Produce Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is close to average (40 days)
39 days - Wm Morrison Produce Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (28 days)
9 days - Wm Morrison Produce Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)
0 weeks - Wm Morrison Produce Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42%, this is a lower level of debt than the average (50.1%)
42% - Wm Morrison Produce Limited
50.1% - Industry AVG
WM MORRISON PRODUCE LIMITED financials
Wm Morrison Produce Limited's latest turnover from October 2023 is £435.4 million and the company has net assets of £304.2 million. According to their latest financial statements, Wm Morrison Produce Limited has 2,212 employees and maintains cash reserves of £52 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 435,447,000 | 444,009,000 | 378,315,000 | 538,346,000 | 516,807,000 | 553,583,000 | 566,429,000 | 1,307,816,000 | 1,290,184,000 | 1,264,537,000 | 1,258,670,000 | 1,246,072,000 | 1,191,998,000 | 1,165,286,000 | 1,109,289,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 407,428,000 | 418,280,000 | 355,629,000 | 507,905,000 | 475,439,000 | 507,269,000 | 530,302,000 | 1,214,054,000 | 1,173,918,000 | 1,199,476,000 | 1,142,351,000 | 1,157,658,000 | 1,083,622,000 | 1,050,739,000 | |
| Gross Profit | 28,019,000 | 25,729,000 | 22,686,000 | 30,441,000 | 41,368,000 | 46,314,000 | 36,127,000 | 93,762,000 | 116,266,000 | 65,061,000 | 116,319,000 | 88,414,000 | 108,376,000 | 114,547,000 | |
| Admin Expenses | 29,308,000 | 18,547,000 | 31,912,000 | 24,755,000 | 19,481,000 | 29,787,000 | 23,845,000 | 23,040,000 | 24,364,000 | 21,581,000 | 19,340,000 | 23,874,000 | 2,978,000 | 4,045,000 | |
| Operating Profit | -1,289,000 | 7,182,000 | -9,226,000 | 5,686,000 | 21,887,000 | 16,527,000 | 12,282,000 | 70,722,000 | 91,902,000 | 43,480,000 | 96,979,000 | 64,540,000 | 105,398,000 | 110,502,000 | 187,794,000 |
| Interest Payable | 4,000 | 97,000 | 44,000 | 141,000 | 289,000 | 198,000 | 139,000 | 86,000 | 54,000 | 27,000 | 14,000 | 15,000 | |||
| Interest Receivable | 3,000 | 1,000 | 1,000 | 16,000 | 9,000 | 6,000 | 4,000 | 3,000 | |||||||
| Pre-Tax Profit | -1,293,000 | 7,085,000 | -9,270,000 | 5,548,000 | 21,598,000 | 16,330,000 | 12,144,000 | 70,652,000 | 91,857,000 | 43,458,000 | 96,959,000 | 64,529,000 | 105,401,000 | 110,502,000 | 103,873,000 |
| Tax | 1,475,000 | -4,310,000 | -353,000 | -5,520,000 | -1,923,000 | -5,523,000 | -3,338,000 | -235,000 | 368,000 | 21,628,000 | -22,892,000 | -16,736,000 | -27,334,000 | -31,689,000 | -29,989,000 |
| Profit After Tax | 182,000 | 2,775,000 | -9,623,000 | 28,000 | 19,675,000 | 10,807,000 | 8,806,000 | 70,417,000 | 92,225,000 | 65,086,000 | 74,067,000 | 47,793,000 | 78,067,000 | 78,813,000 | 73,884,000 |
| Dividends Paid | 660,000,000 | ||||||||||||||
| Retained Profit | 182,000 | 2,775,000 | -9,623,000 | 28,000 | 19,675,000 | 10,807,000 | 8,806,000 | 70,417,000 | 92,225,000 | -594,914,000 | 74,067,000 | 47,793,000 | 78,067,000 | 78,813,000 | 73,884,000 |
| Employee Costs | 49,864,000 | 52,797,000 | 45,861,000 | 68,441,000 | 72,372,000 | 72,620,000 | 63,383,000 | 59,439,000 | 59,145,000 | 49,925,000 | 54,702,000 | 49,974,000 | 47,642,000 | 43,559,000 | |
| Number Of Employees | 2,212 | 2,331 | 2,669 | 2,730 | 3,000 | 2,905 | 2,809 | 2,526 | 2,572 | 2,247 | 2,414 | 2,246 | 2,278 | 2,046 | |
| EBITDA* | 14,855,000 | 22,365,000 | 664,000 | 18,079,000 | 34,467,000 | 28,015,000 | 21,840,000 | 70,722,000 | 98,631,000 | 50,336,000 | 102,232,000 | 69,294,000 | 109,378,000 | 114,815,000 | 191,729,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 110,218,000 | 125,259,000 | 128,242,000 | 130,428,000 | 122,159,000 | 120,017,000 | 109,670,000 | 100,054,000 | 99,679,000 | 93,745,000 | 90,457,000 | 90,759,000 | 92,008,000 | 74,078,000 | 60,964,000 |
| Intangible Assets | 658,000 | 1,106,000 | 480,000 | 702,000 | 646,000 | 960,000 | 506,000 | 228,000 | 768,000 | 474,000 | |||||
| Investments & Other | 2,319,000 | 2,319,000 | 2,319,000 | 2,319,000 | 2,319,000 | 2,786,000 | 14,331,000 | 14,311,000 | 14,311,000 | 11,371,000 | 11,371,000 | 8,311,000 | 8,311,000 | 2,450,000 | |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 113,195,000 | 128,684,000 | 131,041,000 | 133,449,000 | 125,124,000 | 123,763,000 | 124,507,000 | 114,593,000 | 100,447,000 | 94,219,000 | 101,828,000 | 99,070,000 | 100,319,000 | 76,528,000 | 60,964,000 |
| Stock & work in progress | 10,157,000 | 14,318,000 | 13,499,000 | 9,848,000 | 9,544,000 | 6,591,000 | 4,831,000 | 4,769,000 | 5,325,000 | 5,847,000 | 5,293,000 | 6,646,000 | 5,797,000 | 5,254,000 | 1,901,000 |
| Trade Debtors | 715,000 | 102,000 | 362,000 | 70,000 | 152,000 | 117,000 | 1,953,000 | 596,000 | 1,695,000 | ||||||
| Group Debtors | 397,092,000 | 376,178,000 | 361,050,000 | 358,715,000 | 363,476,000 | 335,130,000 | 311,991,000 | 250,359,000 | 205,654,000 | 53,798,000 | 655,630,000 | 584,181,000 | 546,233,000 | 465,760,000 | 390,289,000 |
| Misc Debtors | 2,934,000 | 9,858,000 | 3,515,000 | 1,011,000 | 760,000 | 959,000 | 371,000 | 1,562,000 | 8,715,000 | 1,038,000 | 1,504,000 | 2,079,000 | 2,536,000 | 2,485,000 | 2,555,000 |
| Cash | 52,000 | 6,000 | 2,848,000 | 935,000 | 1,640,000 | 3,561,000 | 6,490,000 | 13,117,000 | 8,077,000 | 25,071,000 | 13,925,000 | 11,944,000 | 9,181,000 | 7,217,000 | |
| misc current assets | |||||||||||||||
| total current assets | 410,950,000 | 400,462,000 | 381,274,000 | 370,579,000 | 375,572,000 | 346,358,000 | 323,683,000 | 271,760,000 | 228,367,000 | 87,449,000 | 676,352,000 | 604,850,000 | 563,747,000 | 473,499,000 | 401,962,000 |
| total assets | 524,145,000 | 529,146,000 | 512,315,000 | 504,028,000 | 500,696,000 | 470,121,000 | 448,190,000 | 386,353,000 | 328,814,000 | 181,668,000 | 778,180,000 | 703,920,000 | 664,066,000 | 550,027,000 | 462,926,000 |
| Bank overdraft | 2,300,000 | 3,838,000 | 5,682,000 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 43,548,000 | 55,936,000 | 52,279,000 | 55,676,000 | 53,661,000 | 57,954,000 | 55,634,000 | 24,773,000 | 33,149,000 | 40,705,000 | 36,785,000 | 45,938,000 | 39,409,000 | 3,683,000 | 343,000 |
| Group/Directors Accounts | 150,546,000 | 147,322,000 | 123,058,000 | 97,108,000 | 98,394,000 | 77,631,000 | 66,545,000 | 62,860,000 | 2,607,000 | 1,685,000 | 949,000 | 180,000 | 2,004,000 | ||
| other short term finances | |||||||||||||||
| hp & lease commitments | 14,000 | 15,106,000 | 9,045,000 | 4,300,000 | |||||||||||
| other current liabilities | 16,821,000 | 11,153,000 | 14,222,000 | 14,943,000 | 9,168,000 | 15,436,000 | 14,720,000 | 10,314,000 | 80,811,000 | 20,941,000 | 31,467,000 | 23,096,000 | 40,400,000 | 35,430,000 | 34,340,000 |
| total current liabilities | 210,915,000 | 214,425,000 | 204,665,000 | 176,772,000 | 165,523,000 | 151,021,000 | 136,899,000 | 97,947,000 | 116,260,000 | 65,484,000 | 70,859,000 | 70,719,000 | 80,758,000 | 44,975,000 | 36,687,000 |
| loans | 9,930,000 | 5,417,000 | 2,342,000 | ||||||||||||
| hp & lease commitments | 198,000 | 212,000 | 11,403,000 | 20,448,000 | 24,748,000 | 2,289,000 | 189,000 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 28,473,000 | 15,130,000 | |||||||||||||
| provisions | 9,042,000 | 10,517,000 | 6,207,000 | 4,999,000 | 3,899,000 | 3,201,000 | 2,462,000 | 1,726,000 | 2,982,000 | 3,718,000 | |||||
| total long term liabilities | 9,042,000 | 10,715,000 | 6,419,000 | 16,402,000 | 24,347,000 | 27,949,000 | 30,935,000 | 16,856,000 | 11,421,000 | 7,276,000 | 2,342,000 | 2,289,000 | 189,000 | ||
| total liabilities | 219,957,000 | 225,140,000 | 211,084,000 | 193,174,000 | 189,870,000 | 178,970,000 | 167,834,000 | 114,803,000 | 127,681,000 | 72,760,000 | 73,201,000 | 73,008,000 | 80,947,000 | 44,975,000 | 36,687,000 |
| net assets | 304,188,000 | 304,006,000 | 301,231,000 | 310,854,000 | 310,826,000 | 291,151,000 | 280,356,000 | 271,550,000 | 201,133,000 | 108,908,000 | 704,979,000 | 630,912,000 | 583,119,000 | 505,052,000 | 426,239,000 |
| total shareholders funds | 304,188,000 | 304,006,000 | 301,231,000 | 310,854,000 | 310,826,000 | 291,151,000 | 280,356,000 | 271,550,000 | 201,133,000 | 108,908,000 | 704,979,000 | 630,912,000 | 583,119,000 | 505,052,000 | 426,239,000 |
| Oct 2023 | Oct 2022 | Oct 2021 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,289,000 | 7,182,000 | -9,226,000 | 5,686,000 | 21,887,000 | 16,527,000 | 12,282,000 | 70,722,000 | 91,902,000 | 43,480,000 | 96,979,000 | 64,540,000 | 105,398,000 | 110,502,000 | 187,794,000 |
| Depreciation | 15,609,000 | 13,670,000 | 9,712,000 | 12,226,000 | 12,084,000 | 11,162,000 | 9,448,000 | 6,492,000 | 6,656,000 | 5,253,000 | 4,754,000 | 3,980,000 | 4,313,000 | 3,935,000 | |
| Amortisation | 535,000 | 1,513,000 | 178,000 | 167,000 | 496,000 | 326,000 | 110,000 | 237,000 | 200,000 | ||||||
| Tax | 1,475,000 | -4,310,000 | -353,000 | -5,520,000 | -1,923,000 | -5,523,000 | -3,338,000 | -235,000 | 368,000 | 21,628,000 | -22,892,000 | -16,736,000 | -27,334,000 | -31,689,000 | -29,989,000 |
| Stock | -4,161,000 | 819,000 | 3,955,000 | 304,000 | 2,953,000 | 1,760,000 | 62,000 | -556,000 | -522,000 | 554,000 | -1,353,000 | 849,000 | 543,000 | 3,353,000 | 1,901,000 |
| Debtors | 14,603,000 | 21,211,000 | 539,000 | -4,592,000 | 28,182,000 | 23,844,000 | 58,488,000 | 38,909,000 | 158,434,000 | -600,603,000 | 70,874,000 | 37,491,000 | 80,524,000 | 75,401,000 | 392,844,000 |
| Creditors | -12,388,000 | 3,657,000 | -1,382,000 | 2,015,000 | -4,293,000 | 2,320,000 | 30,861,000 | -8,376,000 | -7,556,000 | 3,920,000 | -9,153,000 | 6,529,000 | 35,726,000 | 3,340,000 | 343,000 |
| Accruals and Deferred Income | 5,668,000 | -3,069,000 | 5,054,000 | 5,775,000 | -6,268,000 | 716,000 | 4,406,000 | -70,497,000 | 59,870,000 | -10,526,000 | 8,371,000 | -17,304,000 | 4,970,000 | 1,090,000 | 34,340,000 |
| Deferred Taxes & Provisions | -1,475,000 | 4,310,000 | 2,308,000 | 1,100,000 | 698,000 | 739,000 | 736,000 | -1,256,000 | -736,000 | 3,718,000 | |||||
| Cash flow from operations | -2,307,000 | 923,000 | 1,797,000 | 25,737,000 | -8,454,000 | 663,000 | -4,045,000 | -7,335,000 | 669,125,000 | 9,037,000 | 3,443,000 | 41,673,000 | 8,802,000 | -198,322,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -467,000 | -11,545,000 | 20,000 | 2,940,000 | 3,060,000 | 5,861,000 | 2,450,000 | ||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 3,224,000 | 24,264,000 | 24,664,000 | -1,286,000 | 20,763,000 | 11,086,000 | 3,685,000 | 62,860,000 | -2,607,000 | 922,000 | 736,000 | 769,000 | -1,824,000 | 2,004,000 | |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -9,930,000 | 4,513,000 | 3,075,000 | 2,342,000 | |||||||||||
| Hire Purchase and Lease Commitments | -212,000 | -15,106,000 | -9,430,000 | -4,300,000 | 24,748,000 | -2,289,000 | 2,100,000 | 189,000 | |||||||
| other long term liabilities | -28,473,000 | 13,343,000 | 15,130,000 | ||||||||||||
| share issue | |||||||||||||||
| interest | -4,000 | -97,000 | -44,000 | -138,000 | -289,000 | -197,000 | -138,000 | -70,000 | -45,000 | -21,000 | -14,000 | -11,000 | 3,000 | ||
| cash flow from financing | 3,008,000 | 9,061,000 | 15,218,000 | -5,724,000 | 20,474,000 | 7,152,000 | 16,890,000 | 67,990,000 | 4,468,000 | -710,000 | 961,000 | 2,825,000 | 961,000 | -1,824,000 | 354,359,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 46,000 | -2,842,000 | 1,208,000 | -705,000 | -1,921,000 | -2,929,000 | -6,627,000 | 5,040,000 | -16,994,000 | 11,146,000 | 1,981,000 | 2,763,000 | 9,181,000 | -7,217,000 | 7,217,000 |
| overdraft | -2,300,000 | -1,538,000 | 3,838,000 | -5,682,000 | 5,682,000 | ||||||||||
| change in cash | 46,000 | -2,842,000 | 1,208,000 | -705,000 | -1,921,000 | -2,929,000 | -6,627,000 | 7,340,000 | -15,456,000 | 7,308,000 | 1,981,000 | 2,763,000 | 14,863,000 | -12,899,000 | 7,217,000 |
wm morrison produce limited Credit Report and Business Information
Wm Morrison Produce Limited Competitor Analysis
Perform a competitor analysis for wm morrison produce limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in BD3 area or any other competitors across 12 key performance metrics.
wm morrison produce limited Ownership
WM MORRISON PRODUCE LIMITED group structure
Wm Morrison Produce Limited has 4 subsidiary companies.
Ultimate parent company
MARKET21 HOLDINGS LP
#0155912
2 parents
WM MORRISON PRODUCE LIMITED
00776224
4 subsidiaries
wm morrison produce limited directors
Wm Morrison Produce Limited currently has 3 directors. The longest serving directors include Mr Andrew Thornber (Feb 2016) and Mr Maz Ahmed (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Thornber | England | 50 years | Feb 2016 | - | Director |
| Mr Maz Ahmed | United Kingdom | 45 years | Nov 2020 | - | Director |
| Miss Elizabeth Taylor | United Kingdom | 44 years | Nov 2020 | - | Director |
P&L
October 2023turnover
435.4m
-2%
operating profit
-1.3m
-118%
gross margin
6.5%
+11.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
304.2m
0%
total assets
524.1m
-0.01%
cash
52k
+7.67%
net assets
Total assets minus all liabilities
wm morrison produce limited company details
company number
00776224
Type
Private limited with Share Capital
industry
10390 - Other processing and preserving of fruit and vegetables
incorporation date
October 1963
age
62
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
household potatoes limited (July 1997)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
hilmore house, gain lane, bradford, west yorkshire, BD3 7DL
Bank
HSBC BANK PLC
Legal Advisor
-
wm morrison produce 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 7 charges/mortgages relating to wm morrison produce limited. Currently there are 5 open charges and 2 have been satisfied in the past.
wm morrison produce 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 WM MORRISON PRODUCE LIMITED. This can take several minutes, an email will notify you when this has completed.
wm morrison produce limited Companies House Filings - See Documents
| date | description | view/download |
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