Grainsby Farms Limited

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grainsby farms limited Company Information

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Company Number

00777850

Website

www.brocklesby.co.uk

Registered Address

the estate office, grainsby, grimsby, n e lincolnshire, DN36 5PU

Industry

Growing of cereals (except rice), leguminous crops and oil seeds

Telephone

01469560214

Next Accounts Due

September 2025

Group Structure

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Directors

Richard Haigh32 Years

Daniel Haigh19 Years

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Shareholders

trustee of r.h.c. haigh 1996 share settlement 44.6%

trustee of richard haigh's 2022 no 1 settlement 20%

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grainsby farms limited Estimated Valuation

£18.3m

Pomanda estimates the enterprise value of GRAINSBY FARMS LIMITED at £18.3m based on Net Assets of £13.2m and 1.4x industry multiple (adjusted for liquidity).

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Grainsby Farms Limited is a live company located in grimsby, DN36 5PU with a Companies House number of 00777850. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in October 1963, it's largest shareholder is trustee of r.h.c. haigh 1996 share settlement with a 44.6% stake. Grainsby Farms Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Grainsby Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.7%)

EXPORT

Grainsby Farms Limited's latest turnover from December 2023 is £2.4 million and the company has net assets of £13.2 million. According to their latest financial statements, Grainsby Farms Limited has 10 employees and maintains cash reserves of £3.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,377,558	2,388,071	1,701,646	1,591,257	1,659,027	1,540,964	1,305,479	1,297,383	1,318,623	1,457,728	1,551,064	1,554,492	1,489,721	1,227,801	1,278,728
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,043,214	980,127	940,403	829,739	838,382	777,595	730,298	804,243	853,948	763,257	807,667	664,111	605,510	783,190	553,715
Gross Profit	1,334,344	1,407,944	761,243	761,518	820,645	763,369	575,181	493,140	464,675	694,471	743,397	890,381	884,211	444,611	725,013
Admin Expenses	178,375	142,137	168,091	171,787	167,615	249,636	262,226	167,527	174,104	186,776	187,175	160,088	162,726	170,103	159,223
Operating Profit	1,155,969	1,265,807	593,152	589,731	653,030	513,733	312,955	325,613	290,571	507,695	556,222	730,293	721,485	274,508	565,790
Interest Payable	12,430	15,071	18,444	21,014	14,929	13,715	0	0	2,966	6,622	7,949	9,627	11,932	9,994	0
Interest Receivable	107,603	24,574	6,754	10,449	15,765	11,401	27,314	38,189	30,168	22,542	29,859	30,009	29,503	18,227	25,840
Pre-Tax Profit	1,251,142	1,255,289	592,941	580,841	580,524	532,310	361,270	256,506	320,739	501,185	519,072	760,302	750,988	292,735	593,478
Tax	-439,095	-206,799	-142,319	-98,616	-119,181	-109,363	-59,157	-51,954	-52,457	-88,408	-115,685	-161,502	-189,370	-66,310	-146,932
Profit After Tax	812,047	1,048,490	450,622	482,225	461,343	422,947	302,113	204,552	268,282	412,777	403,387	598,800	561,618	226,425	446,546
Dividends Paid	97,500	81,250	65,000	65,000	97,500	97,500	81,250	65,000	97,500	97,500	97,500	130,000	130,000	72,800	65,000
Retained Profit	714,547	967,240	385,622	417,225	363,843	325,447	220,863	139,552	170,782	315,277	305,887	468,800	431,618	153,625	381,546
Employee Costs	363,710	328,436	324,025	301,302	306,042	291,246	274,614	219,217	231,765	278,176	338,481	365,688	342,011	299,297	0
Number Of Employees	10	10	10	10	10	10	10	8	8	10	12	13	12	11	0
EBITDA*	1,298,671	1,391,750	761,286	772,568	792,396	644,972	422,137	446,436	421,240	638,432	675,114	856,338	834,248	359,787	655,843

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	9,341,362	9,238,966	8,705,728	8,787,272	8,709,181	8,494,487	5,871,578	5,888,354	4,366,720	4,372,240	4,358,893	3,940,076	4,004,542	3,782,327	3,697,755
Intangible Assets	0	5,000	10,000	15,000	20,000	22,500	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	9,341,362	9,243,966	8,715,728	8,802,272	8,729,181	8,516,987	5,871,578	5,888,354	4,366,720	4,372,240	4,358,893	3,940,076	4,004,542	3,782,327	3,697,755
Stock & work in progress	1,852,990	1,776,447	1,532,696	1,439,042	1,405,994	1,289,752	1,129,110	1,138,820	1,201,956	1,239,690	1,194,798	1,194,463	1,071,818	884,818	1,024,754
Trade Debtors	52,008	7,586	3,218	9,000	41,037	13,426	16,038	5,764	165,698	10,543	6,191	11,163	27,111	19,776	12,575
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	4,622	4,622
Misc Debtors	51,699	66,479	75,201	49,566	41,245	50,867	282,885	24,769	19,737	25,543	14,664	13,784	17,626	28,058	23,603
Cash	3,643,214	3,338,269	2,752,225	2,556,670	2,303,234	2,153,498	3,915,497	4,054,504	4,451,976	4,424,725	4,227,000	4,466,021	4,142,290	3,848,585	3,673,657
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,599,911	5,188,781	4,363,340	4,054,278	3,791,510	3,507,543	5,343,530	5,223,857	5,839,367	5,700,501	5,442,653	5,685,431	5,258,845	4,785,859	4,739,211
total assets	14,941,273	14,432,747	13,079,068	12,856,550	12,520,691	12,024,530	11,215,108	11,112,211	10,206,087	10,072,741	9,801,546	9,625,507	9,263,387	8,568,186	8,436,966
Bank overdraft	290,000	400,000	348,400	447,800	547,200	531,900	570,318	559,318	20,000	71,250	132,500	112,070	101,640	183,000	124,500
Bank loan	21,500	20,700	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	22,587	39,182	34,513	22,469	37,095	17,998	30,614	15,871	21,927	29,445	26,051	17,135	39,025	33,723	49,469
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	72,361
other short term finances	65,682	164,003	81,561	56,613	41,258	60,947	59,645	60,636	0	0	0	0	0	0	0
hp & lease commitments	34,726	250,002	98,818	137,820	118,649	46,601	106,286	101,703	40,248	0	0	82,500	82,500	0	3,310
other current liabilities	367,860	282,443	283,544	233,053	227,371	261,761	179,661	243,697	256,462	277,263	269,404	387,702	387,222	236,713	244,476
total current liabilities	802,355	1,156,330	846,836	897,755	971,573	919,207	946,524	981,225	338,637	377,958	427,955	599,407	610,387	453,436	494,116
loans	360,536	382,669	403,959	424,628	444,686	463,860	0	0	0	0	0	0	82,500	0	0
hp & lease commitments	0	34,726	0	98,818	108,305	46,831	9,466	101,554	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	626,247	421,434	357,925	350,623	328,626	290,974	280,907	272,084	249,654	247,769	241,854	200,250	213,450	189,318	171,043
total long term liabilities	986,783	838,829	761,884	874,069	881,617	801,665	290,373	373,638	249,654	247,769	241,854	200,250	295,950	189,318	171,043
total liabilities	1,789,138	1,995,159	1,608,720	1,771,824	1,853,190	1,720,872	1,236,897	1,354,863	588,291	625,727	669,809	799,657	906,337	642,754	665,159
net assets	13,152,135	12,437,588	11,470,348	11,084,726	10,667,501	10,303,658	9,978,211	9,757,348	9,617,796	9,447,014	9,131,737	8,825,850	8,357,050	7,925,432	7,771,807
total shareholders funds	13,152,135	12,437,588	11,470,348	11,084,726	10,667,501	10,303,658	9,978,211	9,757,348	9,617,796	9,447,014	9,131,737	8,825,850	8,357,050	7,925,432	7,771,807

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,155,969	1,265,807	593,152	589,731	653,030	513,733	312,955	325,613	290,571	507,695	556,222	730,293	721,485	274,508	565,790
Depreciation	137,702	120,943	163,134	177,837	139,366	131,239	109,182	120,823	130,669	130,737	118,892	126,045	112,763	85,279	90,053
Amortisation	5,000	5,000	5,000	5,000	0	0	0	0	0	0	0	0	0	0	0
Tax	-439,095	-206,799	-142,319	-98,616	-119,181	-109,363	-59,157	-51,954	-52,457	-88,408	-115,685	-161,502	-189,370	-66,310	-146,932
Stock	76,543	243,751	93,654	33,048	116,242	160,642	-9,710	-63,136	-37,734	44,892	335	122,645	187,000	-139,936	1,024,754
Debtors	29,642	-4,354	19,853	-23,716	17,989	-234,630	268,390	-154,902	149,349	15,231	-4,092	-19,790	-7,719	11,656	40,800
Creditors	-16,595	4,669	12,044	-14,626	19,097	-12,616	14,743	-6,056	-7,518	3,394	8,916	-21,890	5,302	-15,746	49,469
Accruals and Deferred Income	85,417	-1,101	50,491	5,682	-34,390	82,100	-64,036	-12,765	-20,801	7,859	-118,298	480	150,509	-7,763	244,476
Deferred Taxes & Provisions	204,813	63,509	7,302	21,997	37,652	10,067	8,823	22,430	1,885	5,915	41,604	-13,200	24,132	18,275	171,043
Cash flow from operations	1,027,026	1,012,631	575,297	677,673	561,343	689,148	63,830	616,129	230,734	507,069	495,408	557,371	645,540	416,523	-91,655
Investing Activities
capital expenditure	-240,098	-654,181	-81,590	-255,928	-351,560	-2,776,648	-92,406	-1,642,457	-125,149	-144,084	-537,709	-61,579	-334,978	-169,851	-3,787,808
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-240,098	-654,181	-81,590	-255,928	-351,560	-2,776,648	-92,406	-1,642,457	-125,149	-144,084	-537,709	-61,579	-334,978	-169,851	-3,787,808
Financing Activities
Bank loans	800	20,700	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	-72,361	72,361
Other Short Term Loans	-98,321	82,442	24,948	15,355	-19,689	1,302	-991	60,636	0	0	0	0	0	0	0
Long term loans	-22,133	-21,290	-20,669	-20,058	-19,174	463,860	0	0	0	0	0	-82,500	82,500	0	0
Hire Purchase and Lease Commitments	-250,002	185,910	-137,820	9,684	133,522	-22,320	-87,505	163,009	40,248	0	-82,500	0	82,500	-3,310	3,310
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,390,261
interest	95,173	9,503	-11,690	-10,565	836	-2,314	27,314	38,189	27,202	15,920	21,910	20,382	17,571	8,233	25,840
cash flow from financing	-274,483	277,265	-145,231	-5,584	95,495	440,528	-61,182	261,834	67,450	15,920	-60,590	-62,118	182,571	-67,438	7,491,772
cash and cash equivalents
cash	304,945	586,044	195,555	253,436	149,736	-1,761,999	-139,007	-397,472	27,251	197,725	-239,021	323,731	293,705	174,928	3,673,657
overdraft	-110,000	51,600	-99,400	-99,400	15,300	-38,418	11,000	539,318	-51,250	-61,250	20,430	10,430	-81,360	58,500	124,500
change in cash	414,945	534,444	294,955	352,836	134,436	-1,723,581	-150,007	-936,790	78,501	258,975	-259,451	313,301	375,065	116,428	3,549,157

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for grainsby farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in DN36 area or any other competitors across 12 key performance metrics.

GRAINSBY FARMS LIMITED group structure

Grainsby Farms Limited has no subsidiary companies.

Ultimate parent company

GRAINSBY FARMS LIMITED

00777850

GRAINSBY FARMS LIMITED Shareholders

trustee of r.h.c. haigh 1996 share settlement	44.62%
trustee of richard haigh's 2022 no 1 settlement	20%
trustee of richard haigh's 2022 no 2 settlement	20%
trustee of c.l.e. haigh discretionary share settlement	15.38%

Grainsby Farms Limited currently has 4 directors. The longest serving directors include Mr Richard Haigh (Nov 1991) and Mr Daniel Haigh (Mar 2005).

officer	country	age	start	end	role
Mr Richard Haigh	United Kingdom	73 years	Nov 1991	-	Director
Mr Daniel Haigh	United Kingdom	43 years	Mar 2005	-	Director
Mr Matthew Spence	United Kingdom	46 years	Mar 2017	-	Director
Mrs Hannah Haigh	England	43 years	Mar 2017	-	Director

P&L

December 2023

turnover

2.4m

operating profit

1.2m

-9%

gross margin

56.2%

-4.81%

turnover

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

Balance Sheet

December 2023

net assets

13.2m

+0.06%

total assets

14.9m

+0.04%

cash

3.6m

+0.09%

net assets

Total assets minus all liabilities

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company number

00777850

Type

Private limited with Share Capital

industry

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

incorporation date

October 1963

ultimate parent company

None

previous names

N/A

address

the estate office, grainsby, grimsby, n e lincolnshire, DN36 5PU

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 4 charges/mortgages relating to grainsby farms limited. Currently there are 3 open charges and 1 have been satisfied in the past.

grainsby farms limited Company Information

grainsby farms limited Estimated Valuation

grainsby farms limited Estimated Valuation

grainsby farms limited Estimated Valuation

Grainsby Farms Limited Overview

Grainsby Farms Limited Health Check

GRAINSBY FARMS LIMITED financials

grainsby farms limited Credit Report and Business Information

Grainsby Farms Limited Competitor Analysis

grainsby farms limited Ownership

grainsby farms limited directors

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