bristol fruit sales (market) limited

bristol fruit sales (market) limited Company Information

Share BRISTOL FRUIT SALES (MARKET) LIMITED
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Company Number

01016224

Industry

Wholesale of fruit and vegetables

 

Directors

Jacinta Devine

Mark Owen

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Shareholders

dole limited

Group Structure

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Contact

Registered Address

total produce enterprise way, pinchbeck, spalding, lincolnshire, PE11 3YR

bristol fruit sales (market) limited Estimated Valuation

£84.6m

Pomanda estimates the enterprise value of BRISTOL FRUIT SALES (MARKET) LIMITED at £84.6m based on a Turnover of £90.1m and 0.94x industry multiple (adjusted for size and gross margin).

bristol fruit sales (market) limited Estimated Valuation

£21.1m

Pomanda estimates the enterprise value of BRISTOL FRUIT SALES (MARKET) LIMITED at £21.1m based on an EBITDA of £1.7m and a 12.06x industry multiple (adjusted for size and gross margin).

bristol fruit sales (market) limited Estimated Valuation

£21m

Pomanda estimates the enterprise value of BRISTOL FRUIT SALES (MARKET) LIMITED at £21m based on Net Assets of £10.3m and 2.03x industry multiple (adjusted for liquidity).

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Bristol Fruit Sales (market) Limited Overview

Bristol Fruit Sales (market) Limited is a live company located in spalding, PE11 3YR with a Companies House number of 01016224. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in June 1971, it's largest shareholder is dole limited with a 100% stake. Bristol Fruit Sales (market) Limited is a mature, large sized company, Pomanda has estimated its turnover at £90.1m with healthy growth in recent years.

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Bristol Fruit Sales (market) Limited Health Check

Pomanda's financial health check has awarded Bristol Fruit Sales (Market) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £90.1m, make it larger than the average company (£22.6m)

£90.1m - Bristol Fruit Sales (market) Limited

£22.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.1%)

9% - Bristol Fruit Sales (market) Limited

6.1% - Industry AVG

production

Production

with a gross margin of 26.4%, this company has a lower cost of product (12.1%)

26.4% - Bristol Fruit Sales (market) Limited

12.1% - Industry AVG

profitability

Profitability

an operating margin of 1.2% make it less profitable than the average company (2.5%)

1.2% - Bristol Fruit Sales (market) Limited

2.5% - Industry AVG

employees

Employees

with 469 employees, this is above the industry average (53)

469 - Bristol Fruit Sales (market) Limited

53 - Industry AVG

paystructure

Pay Structure

on an average salary of £28.1k, the company has a lower pay structure (£37k)

£28.1k - Bristol Fruit Sales (market) Limited

£37k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £192.1k, this is less efficient (£427.4k)

£192.1k - Bristol Fruit Sales (market) Limited

£427.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Bristol Fruit Sales (market) Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 40 days, this is slower than average (33 days)

40 days - Bristol Fruit Sales (market) Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is in line with average (8 days)

8 days - Bristol Fruit Sales (market) Limited

8 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (14 weeks)

16 weeks - Bristol Fruit Sales (market) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.6%, this is a lower level of debt than the average (59.8%)

49.6% - Bristol Fruit Sales (market) Limited

59.8% - Industry AVG

BRISTOL FRUIT SALES (MARKET) LIMITED financials

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Bristol Fruit Sales (Market) Limited's latest turnover from December 2023 is £90.1 million and the company has net assets of £10.3 million. According to their latest financial statements, Bristol Fruit Sales (Market) Limited has 469 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover90,081,00085,851,00076,929,00070,097,00070,463,00067,204,00067,049,00071,927,00060,809,00059,605,00057,642,00045,077,00043,595,00045,074,00048,152,000
Other Income Or Grants000000000000000
Cost Of Sales66,308,00063,005,00056,697,00052,210,00052,620,00050,203,00050,659,00056,582,00046,266,00045,710,00045,455,00035,518,00034,617,00036,349,00038,416,000
Gross Profit23,773,00022,846,00020,232,00017,887,00017,843,00017,001,00016,390,00015,345,00014,543,00013,895,00012,187,0009,559,0008,978,0008,725,0009,736,000
Admin Expenses22,673,00021,215,00017,927,00016,267,00016,539,00016,037,00015,482,00014,560,00013,583,00012,996,00011,704,0009,175,0008,958,0009,353,0009,343,000
Operating Profit1,100,0001,631,0002,305,0001,620,0001,304,000964,000908,000785,000960,000899,000483,000384,00020,000-628,000393,000
Interest Payable02,000032,00047,00022,00013,00027,00001,0003,000006,0000
Interest Receivable018,00025,00024,00038,00042,00016,00019,00012,0000010,0000010,000
Pre-Tax Profit1,100,0001,647,0002,330,0001,612,0001,295,000984,000911,000777,000972,000898,000480,000394,00020,000-634,000403,000
Tax-227,000-340,000-515,000-296,000-258,000-242,000-384,00030,00099,000-12,000-47,0004,00032,00030,00013,000
Profit After Tax873,0001,307,0001,815,0001,316,0001,037,000742,000527,000807,0001,071,000886,000433,000398,00052,000-604,000416,000
Dividends Paid0500,000500,000500,0000400,000900,000500,0002,000,00001,000,0001,000,0001,000,0001,000,0001,000,000
Retained Profit873,000807,0001,315,000816,0001,037,000342,000-373,000307,000-929,000886,000-567,000-602,000-948,000-1,604,000-584,000
Employee Costs13,160,00012,262,00010,233,0009,046,0009,368,0008,866,0008,865,0008,200,0007,990,0007,508,0006,425,0004,763,0004,777,0004,826,0005,289,000
Number Of Employees469465377368350337339321313291261219187187202
EBITDA*1,746,0002,223,0002,968,0002,507,0002,122,0001,947,0001,943,0001,733,0001,814,0001,734,0001,128,000725,000373,000-209,000869,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,954,0001,979,0002,136,0002,309,0002,698,0002,919,0003,374,0002,654,0002,279,0002,458,0002,273,0001,607,0001,554,0001,789,0002,062,000
Intangible Assets80,000140,000150,000203,000258,00071,000245,000431,000645,000835,0001,053,000666,000000
Investments & Other92,00092,00092,00092,00092,00092,00092,00092,000281,000281,000281,000281,00092,00092,00092,000
Debtors (Due After 1 year)000000000004,190,0004,190,0004,190,0004,728,000
Total Fixed Assets3,126,0002,211,0002,378,0002,604,0003,048,0003,082,0003,711,0003,177,0003,205,0003,574,0003,607,0006,744,0005,836,0006,071,0006,882,000
Stock & work in progress1,470,0001,559,0001,231,000897,000751,000701,000736,000720,000611,000546,000433,000346,000236,000321,000328,000
Trade Debtors007,575,0005,530,0007,182,0007,531,0006,363,0006,195,0005,645,0006,103,0005,437,0005,529,0004,247,0004,796,0005,102,000
Group Debtors12,200,00011,139,0001,929,0001,925,0001,970,0002,052,0001,566,0001,625,0003,231,0003,629,0003,783,000508,000253,00071,000631,000
Misc Debtors640,000759,000368,000379,000537,000429,000506,000477,000410,000443,000509,000335,000468,000549,000336,000
Cash3,083,0004,075,0005,899,0004,265,0002,335,000312,0001,576,0001,286,000939,000395,0000469,0002,650,0001,499,0001,262,000
misc current assets000000000000000
total current assets17,393,00017,532,00017,002,00012,996,00012,775,00011,025,00010,747,00010,303,00010,836,00011,116,00010,162,0007,187,0007,854,0007,236,0007,659,000
total assets20,519,00019,743,00019,380,00015,600,00015,823,00014,107,00014,458,00013,480,00014,041,00014,690,00013,769,00013,931,00013,690,00013,307,00014,541,000
Bank overdraft000000000016,0000000
Bank loan000000000000000
Trade Creditors 7,301,0006,793,0006,892,0005,150,0006,238,0005,776,0006,374,0005,943,0005,629,0006,077,0005,609,0005,605,0003,994,0003,755,0003,420,000
Group/Directors Accounts1,217,0001,239,0001,333,000926,0001,055,0001,174,0001,213,000331,0001,580,000894,0001,144,000988,0001,654,000686,000610,000
other short term finances0000100,000010,00024,0000000000
hp & lease commitments000000000000000
other current liabilities1,168,0001,119,0001,493,0001,176,000896,000660,000706,000654,000601,000569,000736,000507,000609,000485,000526,000
total current liabilities9,686,0009,151,0009,718,0007,252,0008,289,0007,610,0008,303,0006,952,0007,810,0007,540,0007,505,0007,100,0006,257,0004,926,0004,556,000
loans0000000010,000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions491,000123,0000000000000000
total long term liabilities491,000123,00000000010,000000000
total liabilities10,177,0009,274,0009,718,0007,252,0008,289,0007,610,0008,303,0006,952,0007,820,0007,540,0007,505,0007,100,0006,257,0004,926,0004,556,000
net assets10,342,00010,469,0009,662,0008,348,0007,534,0006,497,0006,155,0006,528,0006,221,0007,150,0006,264,0006,831,0007,433,0008,381,0009,985,000
total shareholders funds10,342,00010,469,0009,662,0008,348,0007,534,0006,497,0006,155,0006,528,0006,221,0007,150,0006,264,0006,831,0007,433,0008,381,0009,985,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,100,0001,631,0002,305,0001,620,0001,304,000964,000908,000785,000960,000899,000483,000384,00020,000-628,000393,000
Depreciation586,000532,000610,000832,000755,000809,000811,000734,000634,000617,000442,000322,000353,000419,000476,000
Amortisation60,00060,00053,00055,00063,000174,000224,000214,000220,000218,000203,00019,000000
Tax-227,000-340,000-515,000-296,000-258,000-242,000-384,00030,00099,000-12,000-47,0004,00032,00030,00013,000
Stock-89,000328,000334,000146,00050,000-35,00016,000109,00065,000113,00087,000110,000-85,000-7,000328,000
Debtors942,0002,026,0002,038,000-1,855,000-323,0001,577,000138,000-989,000-889,000446,000-833,0001,404,000-448,000-1,191,00010,797,000
Creditors508,000-99,0001,742,000-1,088,000462,000-598,000431,000314,000-448,000468,0004,0001,611,000239,000335,0003,420,000
Accruals and Deferred Income49,000-374,000317,000280,000236,000-46,00052,00053,00032,000-167,000229,000-102,000124,000-41,000526,000
Deferred Taxes & Provisions368,000123,0000000000000000
Cash flow from operations1,591,000-821,0002,140,0003,112,0002,835,000-481,0001,888,0003,010,0002,321,0001,464,0002,060,000724,0001,301,0001,313,000-6,297,000
Investing Activities
capital expenditure-1,561,000-425,000-437,000-443,000-784,000-354,000-1,569,000-1,109,000-485,000-802,000-1,698,000-1,060,000-118,000-146,000-2,538,000
Change in Investments0000000-189,000000189,0000092,000
cash flow from investments-1,561,000-425,000-437,000-443,000-784,000-354,000-1,569,000-920,000-485,000-802,000-1,698,000-1,249,000-118,000-146,000-2,630,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-22,000-94,000407,000-129,000-119,000-39,000882,000-1,249,000686,000-250,000156,000-666,000968,00076,000610,000
Other Short Term Loans 000-100,000100,000-10,000-14,00024,0000000000
Long term loans0000000-10,00010,000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-1,000,0000-1,000-2,000000000000010,569,000
interest016,00025,000-8,000-9,00020,0003,000-8,00012,000-1,000-3,00010,0000-6,00010,000
cash flow from financing-1,022,000-78,000431,000-239,000-28,000-29,000871,000-1,243,000708,000-251,000153,000-656,000968,00070,00011,189,000
cash and cash equivalents
cash-992,000-1,824,0001,634,0001,930,0002,023,000-1,264,000290,000347,000544,000395,000-469,000-2,181,0001,151,000237,0001,262,000
overdraft000000000-16,00016,0000000
change in cash-992,000-1,824,0001,634,0001,930,0002,023,000-1,264,000290,000347,000544,000411,000-485,000-2,181,0001,151,000237,0001,262,000

bristol fruit sales (market) 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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Bristol Fruit Sales (market) Limited Competitor Analysis

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Perform a competitor analysis for bristol fruit sales (market) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in PE11 area or any other competitors across 12 key performance metrics.

bristol fruit sales (market) limited Ownership

BRISTOL FRUIT SALES (MARKET) LIMITED group structure

Bristol Fruit Sales (Market) Limited has no subsidiary companies.

Ultimate parent company

CEDE & CO

#0149427

2 parents

BRISTOL FRUIT SALES (MARKET) LIMITED

01016224

BRISTOL FRUIT SALES (MARKET) LIMITED Shareholders

dole limited 100%

bristol fruit sales (market) limited directors

Bristol Fruit Sales (Market) Limited currently has 4 directors. The longest serving directors include Ms Jacinta Devine (Aug 2012) and Mr Mark Owen (Nov 2013).

officercountryagestartendrole
Ms Jacinta DevineEngland52 years Aug 2012- Director
Mr Mark OwenUnited Kingdom59 years Nov 2013- Director
Francis Mc KernanNorthern Ireland62 years Mar 2015- Director
Mr Leon Dixon43 years May 2021- Director

P&L

December 2023

turnover

90.1m

+5%

operating profit

1.1m

-33%

gross margin

26.4%

-0.83%

turnover

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

Balance Sheet

December 2023

net assets

10.3m

-0.01%

total assets

20.5m

+0.04%

cash

3.1m

-0.24%

net assets

Total assets minus all liabilities

bristol fruit sales (market) limited company details

company number

01016224

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

incorporation date

June 1971

age

53

incorporated

UK

ultimate parent company

CEDE & CO

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

KPMG LLP

address

total produce enterprise way, pinchbeck, spalding, lincolnshire, PE11 3YR

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

bristol fruit sales (market) 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 9 charges/mortgages relating to bristol fruit sales (market) limited. Currently there are 1 open charges and 8 have been satisfied in the past.

bristol fruit sales (market) 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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bristol fruit sales (market) limited Companies House Filings - See Documents

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