Stearn Farms Limited

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stearn farms limited Company Information

Live

MatureSmallHealthy

Company Number

00875088

Website

Registered Address

middle farmhouse, stanfield road, wymondham, norfolk, NR18 9RN

Industry

Mixed farming

Telephone

01953603984

Next Accounts Due

December 2024

Group Structure

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Directors

Simon Stearn32 Years

Penelope Stearn15 Years

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Shareholders

simon john stearn 51.1%

stearn trust 29.1%

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stearn farms limited Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of STEARN FARMS LIMITED at £4.9m based on Net Assets of £3.8m and 1.29x industry multiple (adjusted for liquidity).

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Stearn Farms Limited is a live company located in wymondham, NR18 9RN with a Companies House number of 00875088. It operates in the mixed farming sector, SIC Code 01500. Founded in March 1966, it's largest shareholder is simon john stearn with a 51.1% stake. Stearn Farms Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Stearn Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £1.9m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8%)

EXPORT

Stearn Farms Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £3.8 million. According to their latest financial statements, Stearn Farms Limited has 10 employees and maintains cash reserves of £459.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,886,273	1,298,945	1,653,471	1,273,823	1,031,333	1,269,055	922,999	1,700,044	1,906,015	2,828,595	2,428,907	3,468,567	3,508,508	5,426,827
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,218,141	850,703	1,084,740	840,624	644,389	775,971	600,695	1,104,854	1,222,384	1,870,165	1,489,340	2,040,460	2,133,638	3,375,725
Gross Profit	668,132	448,242	568,731	433,199	386,944	493,084	322,304	595,190	683,631	958,430	939,567	1,428,107	1,374,869	2,051,102
Admin Expenses	607,660	252,752	616,394	282,014	-1,679,895	389,122	25,773	233,139	850,089	787,324	-95,399	1,567,899	1,154,176	1,749,855
Operating Profit	60,472	195,490	-47,663	151,185	2,066,839	103,962	296,531	362,051	-166,458	171,106	1,034,966	-139,792	220,693	301,247
Interest Payable	62,136	47,611	39,888	36,531	39,639	36,719	35,594	25,099	7,562	0	7,352	19,918	15,298	2,732
Interest Receivable	18,927	3,516	820	939	3,317	899	555	649	616	1,007	472	0	0	0
Pre-Tax Profit	17,263	151,395	-86,730	115,593	2,030,517	68,142	261,493	337,601	-173,404	172,113	1,028,087	-159,710	205,394	298,515
Tax	-3,280	-28,765	0	-21,963	-385,798	-12,947	-52,298	-67,520	0	-39,586	-246,741	0	-57,510	-83,584
Profit After Tax	13,983	122,630	-86,730	93,630	1,644,719	55,195	209,194	270,081	-173,404	132,527	781,346	-159,710	147,884	214,931
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	13,983	122,630	-86,730	93,630	1,644,719	55,195	209,194	270,081	-173,404	132,527	781,346	-159,710	147,884	214,931
Employee Costs	252,106	223,523	234,010	240,620	186,024	206,735	239,544	280,923	415,803	573,893	481,096	768,737	802,806	1,353,545
Number Of Employees	10	9	10	10	8	9	10	11	15	22	19	31	34	61
EBITDA*	291,876	458,137	231,960	379,962	2,377,733	419,753	536,269	542,753	19,896	330,227	1,165,703	12,966	364,363	445,886

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	3,031,998	3,164,798	3,265,167	2,633,864	2,303,058	2,363,195	2,195,029	1,985,764	1,916,290	1,922,487	1,766,121	1,758,098	1,846,256	1,746,786
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	520	520	520	520	520	520	520	520	520	520	520	520	520	529,236
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,032,518	3,165,318	3,265,687	2,634,384	2,303,578	2,363,715	2,195,549	1,986,284	1,916,810	1,923,007	1,766,641	1,758,618	1,846,776	2,276,022
Stock & work in progress	1,260,000	980,000	939,215	852,696	891,658	946,519	807,708	884,080	680,021	598,948	656,538	515,800	545,296	503,831
Trade Debtors	50,284	36,534	67,666	26,044	31,592	29,844	21,878	146,332	98,585	252,731	185,556	274,594	343,016	430,308
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	578,079	773,147	760,351	653,311	1,600,196	181,060	68,526	104,790	0	0	0	0	0	0
Cash	459,213	431,492	506,131	1,134,423	742,744	141,913	217,491	226,896	32,733	213,833	188,953	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,347,576	2,221,173	2,273,363	2,666,474	3,266,190	1,299,336	1,115,603	1,362,098	811,339	1,065,512	1,031,047	790,394	888,312	934,139
total assets	5,380,094	5,386,491	5,539,050	5,300,858	5,569,768	3,663,051	3,311,152	3,348,382	2,728,149	2,988,519	2,797,688	2,549,012	2,735,088	3,210,161
Bank overdraft	113,061	113,062	113,068	113,068	112,389	87,671	87,671	40,000	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	542,012	353,823	439,398	351,190	291,391	516,473	286,503	456,574	734,674	737,105	810,018	1,379,857	1,232,138	2,135,818
Group/Directors Accounts	0	0	0	0	0	0	91,845	241,595	0	0	0	0	0	0
other short term finances	295,000	295,000	295,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	141,224	161,856	196,739	172,484	189,128	149,118	70,185	85,953	0	0	0	0	0	0
other current liabilities	21,020	31,632	30,075	24,912	532,814	71,213	55,827	9,100	0	0	0	0	0	0
total current liabilities	1,112,317	955,373	1,074,280	661,654	1,125,722	824,475	592,031	833,222	734,674	737,105	810,018	1,379,857	1,232,138	2,135,818
loans	147,859	248,430	346,124	440,530	531,738	442,704	511,759	499,586	232,688	0	0	226,216	386,660	84,050
hp & lease commitments	121,070	214,923	267,715	320,766	150,201	265,581	131,007	167,853	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	266,447	568,370	437,153	210,768	224,409	246,296
provisions	203,506	186,406	192,202	132,449	110,278	123,181	124,440	105,000	21,700	37,000	37,000	0	0	0
total long term liabilities	472,435	649,759	806,041	893,745	792,217	831,466	767,206	772,439	520,835	605,370	474,153	436,984	611,069	330,346
total liabilities	1,584,752	1,605,132	1,880,321	1,555,399	1,917,939	1,655,941	1,359,237	1,605,661	1,255,509	1,342,475	1,284,171	1,816,841	1,843,207	2,466,164
net assets	3,795,342	3,781,359	3,658,729	3,745,459	3,651,829	2,007,110	1,951,915	1,742,721	1,472,640	1,646,044	1,513,517	732,171	891,881	743,997
total shareholders funds	3,795,342	3,781,359	3,658,729	3,745,459	3,651,829	2,007,110	1,951,915	1,742,721	1,472,640	1,646,044	1,513,517	732,171	891,881	743,997

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	60,472	195,490	-47,663	151,185	2,066,839	103,962	296,531	362,051	-166,458	171,106	1,034,966	-139,792	220,693	301,247
Depreciation	231,404	262,647	279,623	228,777	310,894	315,791	239,738	180,702	186,354	159,121	130,737	152,758	143,670	144,639
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,280	-28,765	0	-21,963	-385,798	-12,947	-52,298	-67,520	0	-39,586	-246,741	0	-57,510	-83,584
Stock	280,000	40,785	86,519	-38,962	-54,861	138,811	-76,372	204,059	81,073	-57,590	140,738	-29,496	41,465	503,831
Debtors	-181,318	-18,336	148,662	-952,433	1,420,884	120,500	-160,718	152,537	-154,146	67,175	-89,038	-68,422	-87,292	430,308
Creditors	188,189	-85,575	88,208	59,799	-225,082	229,970	-170,071	-278,100	-2,431	-72,913	-569,839	147,719	-903,680	2,135,818
Accruals and Deferred Income	-10,612	1,557	5,163	-507,902	461,601	15,386	46,727	9,100	0	0	0	0	0	0
Deferred Taxes & Provisions	17,100	-5,796	59,753	22,171	-12,903	-1,259	19,440	83,300	-15,300	0	37,000	0	0	0
Cash flow from operations	384,591	317,109	149,903	923,462	849,528	391,592	617,157	-67,063	75,238	208,143	334,423	258,603	-551,000	1,563,981
Investing Activities
capital expenditure	-98,604	-162,278	-910,926	-559,583	-250,757	-483,957	-449,003	-250,176	-180,157	-315,487	-138,760	-64,600	-243,140	-1,891,425
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	-528,716	529,236
cash flow from investments	-98,604	-162,278	-910,926	-559,583	-250,757	-483,957	-449,003	-250,176	-180,157	-315,487	-138,760	-64,600	285,576	-2,420,661
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-91,845	-149,750	241,595	0	0	0	0	0	0
Other Short Term Loans	0	0	295,000	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-100,571	-97,694	-94,406	-91,208	89,034	-69,055	12,173	266,898	232,688	0	-226,216	-160,444	302,610	84,050
Hire Purchase and Lease Commitments	-114,485	-87,675	-28,796	153,921	-75,370	213,507	-52,614	253,806	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-266,447	-301,923	131,217	226,385	-13,641	-21,887	246,296
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	529,066
interest	-43,209	-44,095	-39,068	-35,592	-36,322	-35,820	-35,039	-24,450	-6,946	1,007	-6,880	-19,918	-15,298	-2,732
cash flow from financing	-258,265	-229,464	132,730	27,121	-22,658	16,787	-225,230	471,402	-76,181	132,224	-6,711	-194,003	265,425	856,680
cash and cash equivalents
cash	27,721	-74,639	-628,292	391,679	600,831	-75,578	-9,405	194,163	-181,100	24,880	188,953	0	0	0
overdraft	-1	-6	0	679	24,718	0	47,671	40,000	0	0	0	0	0	0
change in cash	27,722	-74,633	-628,292	391,000	576,113	-75,578	-57,076	154,163	-181,100	24,880	188,953	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STEARN FARMS LIMITED group structure

Stearn Farms Limited has 1 subsidiary company.

Ultimate parent company

STEARN FARMS LIMITED

00875088

1 subsidiary

PARN FARMS LIMITED

00653046

STEARN FARMS LIMITED Shareholders

simon john stearn	51.1%
stearn trust	29.1%
rupert roger paul stearn	19%
penelope mary stearn	0.8%

Stearn Farms Limited currently has 4 directors. The longest serving directors include Mr Simon Stearn (Dec 1991) and Ms Penelope Stearn (Jun 2009).

officer	age	start	end	role
Mr Simon Stearn	69 years	Dec 1991	-	Director
Ms Penelope Stearn	73 years	Jun 2009	-	Director
Mrs Alexandra Stearn	41 years	Sep 2020	-	Director
Mr Rupert Stearn	40 years	Dec 2020	-	Director

P&L

March 2023

turnover

1.9m

+45%

operating profit

60.5k

gross margin

35.5%

+2.64%

turnover

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

Balance Sheet

March 2023

net assets

3.8m

total assets

5.4m

cash

459.2k

+0.06%

net assets

Total assets minus all liabilities

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company number

00875088

Type

Private limited with Share Capital

industry

01500 - Mixed farming

incorporation date

March 1966

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

chatteris farms limited (April 2010)

incorporated

address

middle farmhouse, stanfield road, wymondham, norfolk, NR18 9RN

last accounts submitted

March 2023

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 9 charges/mortgages relating to stearn farms limited. Currently there are 5 open charges and 4 have been satisfied in the past.

stearn farms limited Company Information

stearn farms limited Estimated Valuation

stearn farms limited Estimated Valuation

stearn farms limited Estimated Valuation

Stearn Farms Limited Overview

Stearn Farms Limited Health Check

STEARN FARMS LIMITED financials

stearn farms limited Credit Report and Business Information

Stearn Farms Limited Competitor Analysis

stearn farms limited Ownership

stearn farms limited directors

stearn farms limited company details

stearn farms limited Charges & Mortgages

stearn farms limited Companies House Filings - See Documents