cranswick plc

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cranswick plc Company Information

Share CRANSWICK PLC

Company Number

01074383

Directors

Adam Couch

John Bottomley

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Shareholders

undisclosed

bank of new york (nominees) ltd

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Group Structure

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Industry

Activities of head offices

 

Registered Address

cranes court, hesslewood office park, hessle, HU13 0PA

cranswick plc Estimated Valuation

£2.1b

Pomanda estimates the enterprise value of CRANSWICK PLC at £2.1b based on a Turnover of £2.6b and 0.8x industry multiple (adjusted for size and gross margin).

cranswick plc Estimated Valuation

£1.7b

Pomanda estimates the enterprise value of CRANSWICK PLC at £1.7b based on an EBITDA of £269m and a 6.32x industry multiple (adjusted for size and gross margin).

cranswick plc Estimated Valuation

£1.9b

Pomanda estimates the enterprise value of CRANSWICK PLC at £1.9b based on Net Assets of £911.5m and 2.11x industry multiple (adjusted for liquidity).

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Cranswick Plc Overview

Cranswick Plc is a live company located in hessle, HU13 0PA with a Companies House number of 01074383. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 1972, it's largest shareholder is undisclosed with a 69.5% stake. Cranswick Plc is a mature, mega sized company, Pomanda has estimated its turnover at £2.6b with healthy growth in recent years.

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Cranswick Plc Health Check

Pomanda's financial health check has awarded Cranswick Plc 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

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Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £2.6b, make it larger than the average company (£20.3m)

£2.6b - Cranswick Plc

£20.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.9%)

11% - Cranswick Plc

8.9% - Industry AVG

production

Production

with a gross margin of 14.5%, this company has a higher cost of product (33.2%)

14.5% - Cranswick Plc

33.2% - Industry AVG

profitability

Profitability

an operating margin of 6.4% make it as profitable than the average company (5.8%)

6.4% - Cranswick Plc

5.8% - Industry AVG

employees

Employees

with 11038 employees, this is above the industry average (114)

11038 - Cranswick Plc

114 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.3k, the company has an equivalent pay structure (£48.8k)

£39.3k - Cranswick Plc

£48.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £235.5k, this is more efficient (£196.5k)

£235.5k - Cranswick Plc

£196.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 41 days, this is near the average (44 days)

41 days - Cranswick Plc

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (42 days)

29 days - Cranswick Plc

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 18 days, this is less than average (46 days)

18 days - Cranswick Plc

46 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (16 weeks)

4 weeks - Cranswick Plc

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.1%, this is a lower level of debt than the average (54.7%)

34.1% - Cranswick Plc

54.7% - Industry AVG

CRANSWICK PLC financials

EXPORTms excel logo

Cranswick Plc's latest turnover from March 2024 is £2.6 billion and the company has net assets of £911.5 million. According to their latest financial statements, Cranswick Plc has 11,038 employees and maintains cash reserves of £27 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,599,300,0002,323,000,0002,008,500,0001,898,400,0001,667,200,0001,437,100,0001,339,277,5491,245,100,0001,016,314,0001,003,336,000994,905,000875,171,000820,775,000758,442,000740,338,000
Other Income Or Grants
Cost Of Sales2,222,400,0002,014,500,0001,730,300,0001,640,600,0001,125,400,379973,645,213912,065,996845,260,713690,723,431697,286,363695,827,988611,676,433718,605,000657,166,000643,535,000
Gross Profit376,900,000308,500,000278,200,000257,800,000541,799,621463,454,787427,211,553399,839,287325,590,569306,049,637299,077,012263,494,567102,170,000101,276,00096,803,000
Admin Expenses210,000,000162,600,000144,600,000140,200,000434,999,621376,654,787346,370,218321,739,287262,881,569252,312,637243,295,012215,289,56760,358,00052,559,00050,895,000
Operating Profit166,900,000145,900,000133,600,000117,600,000106,800,00086,800,00080,841,33578,100,00062,709,00053,737,00055,782,00048,205,00041,812,00048,717,00045,908,000
Interest Payable8,900,0006,500,0003,800,0003,000,0003,100,000400,000365,798600,0001,304,000901,0001,057,000963,0001,154,0001,729,0002,214,000
Interest Receivable100,000100,000200,000300,000200,000768,00032,00062,000151,000106,00048,000
Pre-Tax Profit158,400,000139,500,000129,900,000114,800,000104,000,00086,500,00080,475,53777,500,00062,070,00052,836,00054,757,00047,304,00048,351,00047,094,00043,752,000
Tax-45,300,000-28,100,000-26,400,000-22,300,000-21,300,000-16,900,000-16,460,905-15,100,000-13,022,000-11,584,000-11,550,000-11,165,000-10,871,000-11,768,000-11,295,000
Profit After Tax113,100,000111,400,000103,500,00092,500,00082,700,00069,600,00064,014,63262,400,00049,048,00041,252,00043,207,00036,139,00037,480,00035,326,00032,457,000
Dividends Paid43,900,00040,700,00029,400,00028,000,00021,399,17719,600,00017,370,00015,995,00014,903,00013,924,00013,201,000
Retained Profit69,200,00070,700,000103,500,00092,500,00053,300,00041,600,00042,615,45542,800,00035,331,00025,257,00028,304,00022,215,00024,279,00035,326,00032,332,000
Employee Costs433,900,000375,400,000326,200,000295,500,000234,700,000206,900,000180,978,509171,600,000147,715,000131,823,000118,218,000108,211,00099,898,00093,655,000100,099,000
Number Of Employees11,03810,4229,9309,0059,8748,6166,3385,6145,0024,8084,6274,4024,0674,1524,155
EBITDA*269,000,000222,900,000198,900,000185,300,000160,700,000118,400,000115,500,685107,900,00085,329,00072,757,00073,772,00063,810,00060,708,00061,157,00057,760,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets526,400,000470,600,000519,600,000459,300,000433,500,000291,900,000224,874,257216,700,000179,014,000166,679,000157,752,000148,088,000132,251,000133,775,000107,637,000
Intangible Assets305,900,000299,500,000231,300,000203,800,000207,300,000153,500,000142,844,079158,400,000139,674,000145,705,000130,535,000129,003,000122,839,000127,763,000128,739,000
Investments & Other900,0003,800,000700,000702,0001,398,00010,513,0001,500,000
Debtors (Due After 1 year)200,000200,0008,300,0005,700,0007,133,058
Total Fixed Assets832,300,000770,100,000742,600,000657,400,000640,800,000445,400,000367,718,335375,100,000318,688,000312,384,000288,287,000277,091,000255,090,000261,538,000236,376,000
Stock & work in progress113,700,000113,000,000105,200,00081,800,00075,500,00067,400,00054,138,08862,200,00046,163,00049,125,00047,426,00048,463,00038,516,00035,694,00035,960,000
Trade Debtors295,000,000265,500,000225,500,000205,200,000206,900,000156,000,000134,247,828138,700,000105,408,000103,758,00084,292,00082,556,00076,169,00069,398,00075,466,000
Group Debtors
Misc Debtors30,300,00023,000,00018,900,00016,500,0006,700,0005,700,0005,029,72111,900,0005,589,00013,147,00013,483,00010,541,0009,365,0009,267,0008,600,000
Cash27,000,00020,300,000200,00039,000,00021,500,00020,500,00018,838,5914,100,00017,817,0003,941,00012,223,0007,633,00020,100,0001,302,0005,922,000
misc current assets83,700,00072,900,00050,700,00042,000,00044,100,00022,900,00015,637,86018,900,00016,393,00011,197,00013,543,000696,000917,000496,000263,000
total current assets551,700,000494,700,000400,500,000384,500,000354,700,000272,500,000227,892,090235,800,000191,370,000181,168,000170,967,000149,889,000145,067,000116,157,000126,211,000
total assets1,384,000,0001,264,800,0001,143,100,0001,041,900,000995,500,000717,900,000595,610,425610,900,000510,058,000493,552,000459,254,000426,980,000400,157,000377,695,000362,587,000
Bank overdraft549,0001,312,0003,925,0001,956,000
Bank loan10,000,000
Trade Creditors 180,000,000167,600,000147,400,000131,400,000122,600,000107,600,00089,711,93491,300,00081,441,00082,049,00080,315,00071,340,00062,494,00057,497,00055,269,000
Group/Directors Accounts
other short term finances2,300,000100,000
hp & lease commitments17,300,00014,400,00013,800,00012,500,00010,300,000100,000309,00055,000243,000271,000144,000
other current liabilities131,800,000106,000,00098,600,00088,300,00080,900,00051,100,00055,784,17665,800,00046,717,00043,060,00035,004,00041,841,00034,914,00033,617,00035,521,000
total current liabilities331,400,000288,100,000259,800,000232,200,000213,800,000158,700,000145,496,113157,200,000128,158,000125,109,000115,628,000113,785,00098,963,00095,310,000102,890,000
loans191,300,000176,800,000148,400,000178,000,000213,700,00014,200,00016,000,0004,687,00025,427,00028,898,000110,00098,572,00099,732,000
hp & lease commitments82,100,00066,800,00056,000,00059,100,00055,600,00055,000299,000336,000
Accruals and Deferred Income823,045354,00082,000
other liabilities900,000400,000600,000800,000800,000800,0001,100,000409,00029,572,00042,246,000
provisions62,000,00046,800,00042,800,0007,800,00016,600,00018,600,00020,850,47830,400,00015,394,00018,460,00023,216,00018,988,00024,870,00023,626,00032,328,000
total long term liabilities141,100,000133,800,000114,400,000123,600,000167,200,00024,300,00011,248,28532,300,00012,384,00034,657,00040,915,00039,066,00054,736,00061,453,00066,112,000
total liabilities472,500,000421,900,000374,200,000355,800,000381,000,000183,000,000156,744,398189,500,000140,542,000159,766,000156,543,000152,851,000153,699,000156,763,000169,002,000
net assets911,500,000842,900,000768,900,000686,100,000614,500,000534,900,000438,866,026421,400,000369,516,000333,786,000302,711,000274,129,000246,458,000220,932,000193,585,000
total shareholders funds911,500,000842,900,000768,900,000686,100,000614,500,000534,900,000438,866,027421,400,000369,516,000333,786,000302,711,000274,129,000246,458,000220,932,000193,585,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit166,900,000145,900,000133,600,000117,600,000106,800,00086,800,00080,841,33578,100,00062,709,00053,737,00055,782,00048,205,00041,812,00048,717,00045,908,000
Depreciation65,500,00054,100,00061,100,00064,200,00050,200,00028,900,00032,647,46227,700,00021,224,00018,349,00017,831,00015,486,00013,972,00012,440,00011,852,000
Amortisation36,600,00022,900,0004,200,0003,500,0003,700,0002,700,0002,011,8882,100,0001,396,000671,000159,000119,0004,924,000
Tax-45,300,000-28,100,000-26,400,000-22,300,000-21,300,000-16,900,000-16,460,905-15,100,000-13,022,000-11,584,000-11,550,000-11,165,000-10,871,000-11,768,000-11,295,000
Stock700,0007,800,00023,400,0006,300,0008,100,00013,261,912-8,061,91216,037,000-2,962,0001,699,000-1,037,0009,947,0002,822,000-266,00035,960,000
Debtors36,800,00036,000,00025,300,00013,800,00051,900,00015,289,393-4,189,39339,603,000-5,908,00019,130,0004,678,0007,563,0006,869,000-5,401,00084,066,000
Creditors12,400,00020,200,00016,000,0008,800,00015,000,00017,888,066-1,588,0669,859,000-608,0001,734,0008,975,0008,846,0004,997,0002,228,00055,269,000
Accruals and Deferred Income25,800,0007,400,00010,300,0007,400,00029,800,000-5,507,221-9,192,77919,083,0003,657,0008,056,000-6,837,0006,927,000943,000-1,632,00035,603,000
Deferred Taxes & Provisions15,200,0004,000,00035,000,000-8,800,000-2,000,000-2,250,478-9,549,52215,006,000-3,066,000-4,756,0004,228,000-5,882,0001,244,000-8,702,00032,328,000
Cash flow from operations239,600,000182,600,000185,100,000150,300,000122,200,00083,079,06290,960,71881,108,00081,160,00045,378,00064,947,00045,026,00047,330,00046,950,00049,639,000
Investing Activities
capital expenditure-164,300,000-96,200,000-153,100,000-90,000,000-249,300,000-109,281,664-27,277,686-86,212,000-28,924,000-43,117,000-29,186,000-37,606,000-12,448,000-37,602,000-248,228,000
Change in Investments900,000-3,800,0003,100,000700,000-702,000-696,000-9,115,0009,013,0001,500,000
cash flow from investments-165,200,000-96,200,000-153,100,000-86,200,000-252,400,000-109,981,664-27,277,686-86,212,000-28,924,000-43,117,000-28,484,000-36,910,000-3,333,000-46,615,000-249,728,000
Financing Activities
Bank loans-10,000,00010,000,000
Group/Directors Accounts
Other Short Term Loans 2,200,000100,000
Long term loans14,500,00028,400,000-29,600,000-35,700,000199,500,00014,200,000-16,000,00011,313,000-20,740,000-3,471,00028,898,000-110,000-98,462,000-1,160,00099,732,000
Hire Purchase and Lease Commitments18,200,00011,400,000-1,800,0005,700,00065,900,000-100,000100,000-309,000254,000-243,000-272,00090,000480,000
other long term liabilities500,000-200,000-200,000800,000-1,100,0001,100,000-409,000-29,163,000-12,674,00042,246,000
share issue-600,0003,300,000-20,700,000-20,900,00026,300,00054,433,973-25,149,4289,084,000399,0005,818,000278,0005,456,0001,247,000-7,979,000161,253,000
interest-8,900,000-6,400,000-3,700,000-2,800,000-2,800,000-200,000-365,798-600,000-536,000-901,000-1,025,000-901,000-1,003,000-1,623,000-2,166,000
cash flow from financing25,900,00036,600,000-56,000,000-53,700,000288,900,00069,233,973-42,715,22620,997,000-20,877,000728,000-758,000-8,472,000-56,244,000-20,672,000269,299,000
cash and cash equivalents
cash6,700,00020,100,000-38,800,00017,500,0001,000,0001,661,40914,738,591-13,717,00013,876,000-8,282,0004,590,000-12,467,00018,798,000-4,620,0005,922,000
overdraft-549,000-763,000-2,613,0001,969,0001,956,000
change in cash6,700,00020,100,000-38,800,00017,500,0001,000,0001,661,40914,738,591-13,717,00013,876,000-8,282,0005,139,000-11,704,00021,411,000-6,589,0003,966,000

cranswick plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cranswick Plc Competitor Analysis

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Perform a competitor analysis for cranswick plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in HU13 area or any other competitors across 12 key performance metrics.

cranswick plc Ownership

CRANSWICK PLC Shareholders

undisclosed 69.53%
bank of new york (nominees) ltd 20.84%
nortrust nominees ltd a/c tds 4.97%
state street nominees ltd a/c om04 4.66%

cranswick plc directors

Cranswick Plc currently has 11 directors. The longest serving directors include Mr Adam Couch (Jul 2003) and Mr John Bottomley (Jun 2009).

officercountryagestartendrole
Mr Adam CouchEngland56 years Jul 2003- Director
Mr John BottomleyEngland61 years Jun 2009- Director
Mr James BrisbyEngland50 years Jul 2010- Director
Mr Tim SmithEngland69 years Apr 2018- Director
Ms Pamela PowellEngland61 years Apr 2018- Director
Ms Elizabeth BarberEngland59 years May 2021- Director
Mr Christopher AldersleyEngland52 years Aug 2022- Director
Mr Christopher AldersleyEngland52 years Aug 2022- Director
Mrs Yetunde HofmannWales61 years Aug 2022- Director
Mr Alan WilliamsUnited Kingdom55 years Jul 2023- Director

P&L

March 2024

turnover

2.6b

+12%

operating profit

166.9m

+14%

gross margin

14.6%

+9.19%

turnover

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

Balance Sheet

March 2024

net assets

911.5m

+0.08%

total assets

1.4b

+0.09%

cash

27m

+0.33%

net assets

Total assets minus all liabilities

cranswick plc company details

company number

01074383

Type

Public limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

September 1972

age

53

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

cranswick mill group p.l.c. (December 1991)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

cranes court, hesslewood office park, hessle, HU13 0PA

Bank

LLOYDS TSB BANK PLC

Legal Advisor

ROLLITS LLP

cranswick plc 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 cranswick plc. Currently there are 1 open charges and 8 have been satisfied in the past.

cranswick plc 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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cranswick plc Companies House Filings - See Documents

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