j.l. priestley & co. limited
j.l. priestley & co. limited Company Information
Company Number
01176188
Website
http://www.jlpriestley.comRegistered Address
enterprise park pride parkway, sleaford, lincolnshire, NG34 8GL
Industry
Other processing and preserving of fruit and vegetables
Telephone
01529469000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
wilson & bradford ltd 100%
j.l. priestley & co. limited Estimated Valuation
Pomanda estimates the enterprise value of J.L. PRIESTLEY & CO. LIMITED at £14.9m based on a Turnover of £18.9m and 0.79x industry multiple (adjusted for size and gross margin).
j.l. priestley & co. limited Estimated Valuation
Pomanda estimates the enterprise value of J.L. PRIESTLEY & CO. LIMITED at £10.4m based on an EBITDA of £1.4m and a 7.39x industry multiple (adjusted for size and gross margin).
j.l. priestley & co. limited Estimated Valuation
Pomanda estimates the enterprise value of J.L. PRIESTLEY & CO. LIMITED at £1.1m based on Net Assets of £1.7m and 0.66x industry multiple (adjusted for liquidity).
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J.l. Priestley & Co. Limited Overview
J.l. Priestley & Co. Limited is a live company located in lincolnshire, NG34 8GL with a Companies House number of 01176188. It operates in the other processing and preserving of fruit and vegetables sector, SIC Code 10390. Founded in July 1974, it's largest shareholder is wilson & bradford ltd with a 100% stake. J.l. Priestley & Co. Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.9m with healthy growth in recent years.
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J.l. Priestley & Co. Limited Health Check
Pomanda's financial health check has awarded J.L. Priestley & Co. Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £18.9m, make it smaller than the average company (£30.2m)
£18.9m - J.l. Priestley & Co. Limited
£30.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (2.6%)
9% - J.l. Priestley & Co. Limited
2.6% - Industry AVG
Production
with a gross margin of 21.4%, this company has a comparable cost of product (18.1%)
21.4% - J.l. Priestley & Co. Limited
18.1% - Industry AVG
Profitability
an operating margin of 7.2% make it more profitable than the average company (2.5%)
7.2% - J.l. Priestley & Co. Limited
2.5% - Industry AVG
Employees
with 19 employees, this is below the industry average (124)
19 - J.l. Priestley & Co. Limited
124 - Industry AVG
Pay Structure
on an average salary of £48k, the company has a higher pay structure (£33.6k)
£48k - J.l. Priestley & Co. Limited
£33.6k - Industry AVG
Efficiency
resulting in sales per employee of £993.2k, this is more efficient (£174.5k)
£993.2k - J.l. Priestley & Co. Limited
£174.5k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (44 days)
64 days - J.l. Priestley & Co. Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (37 days)
15 days - J.l. Priestley & Co. Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (44 days)
75 days - J.l. Priestley & Co. Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - J.l. Priestley & Co. Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.3%, this is a higher level of debt than the average (49.4%)
75.3% - J.l. Priestley & Co. Limited
49.4% - Industry AVG
J.L. PRIESTLEY & CO. LIMITED financials
J.L. Priestley & Co. Limited's latest turnover from December 2022 is £18.9 million and the company has net assets of £1.7 million. According to their latest financial statements, J.L. Priestley & Co. Limited has 19 employees and maintains cash reserves of £61.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 18,870,395 | 14,998,765 | 14,586,613 | 14,694,575 | 12,856,700 | 12,367,272 | 11,899,925 | 12,096,157 | 11,239,969 | 10,890,973 | 10,524,218 | 9,355,611 | 8,925,725 | 7,812,678 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 14,835,637 | 11,607,987 | 11,040,629 | 11,833,481 | 9,929,516 | 9,569,400 | 9,002,583 | 9,006,514 | 8,451,611 | 8,579,530 | ||||
| Gross Profit | 4,034,758 | 3,390,778 | 3,545,984 | 2,861,094 | 2,927,184 | 2,797,872 | 2,897,342 | 3,089,643 | 2,788,358 | 2,311,443 | ||||
| Admin Expenses | 2,670,256 | 1,979,183 | 1,665,653 | 1,631,265 | 1,564,505 | 1,478,690 | 1,336,684 | 1,379,483 | 1,361,833 | 1,205,867 | ||||
| Operating Profit | 1,364,502 | 1,411,595 | 1,880,331 | 1,229,829 | 1,362,679 | 1,319,182 | 1,560,658 | 1,710,160 | 1,426,525 | 1,105,576 | 469,150 | 260,614 | 397,246 | 251,978 |
| Interest Payable | 174,976 | 188,938 | 224,175 | 226,482 | 170,329 | 166,522 | 181,466 | 172,031 | 234,274 | 203,577 | 220,753 | 83,914 | 51,347 | 39,768 |
| Interest Receivable | 0 | 0 | 0 | 1,286 | 13,491 | 17,717 | 24,009 | 11,669 | 310 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,189,526 | 1,222,657 | 1,656,156 | 1,004,633 | 1,205,841 | 1,170,377 | 1,403,201 | 1,549,798 | 1,192,561 | 901,999 | 248,397 | 176,700 | 345,899 | 212,210 |
| Tax | -259,784 | -199,246 | -270,258 | -167,990 | -233,321 | -238,025 | -277,562 | -315,835 | -262,031 | -219,534 | -41,385 | -14,101 | -133,799 | -56,261 |
| Profit After Tax | 929,742 | 1,023,411 | 1,385,898 | 836,643 | 972,520 | 932,352 | 1,125,639 | 1,233,963 | 930,530 | 682,465 | 207,012 | 162,599 | 212,100 | 155,949 |
| Dividends Paid | 3,000,000 | 2,000,000 | 0 | 1,016,445 | 1,170,000 | 1,500,000 | 0 | 0 | 400,000 | 0 | 0 | 0 | 0 | 271,239 |
| Retained Profit | -2,070,258 | -976,589 | 1,385,898 | -179,802 | -197,480 | -567,648 | 1,125,639 | 1,233,963 | 530,530 | 682,465 | 207,012 | 162,599 | 212,100 | -115,290 |
| Employee Costs | 911,751 | 701,640 | 687,469 | 646,462 | 639,444 | 540,281 | 436,463 | 506,181 | 760,472 | 426,532 | 529,091 | 756,664 | 722,293 | 679,804 |
| Number Of Employees | 19 | 17 | 21 | 16 | 17 | 17 | 17 | 18 | 18 | 17 | 18 | 20 | 20 | 21 |
| EBITDA* | 1,413,980 | 1,516,663 | 1,906,783 | 1,262,817 | 1,392,361 | 1,372,183 | 1,648,313 | 1,812,323 | 1,540,160 | 1,211,727 | 569,741 | 345,371 | 454,598 | 303,066 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 279,857 | 120,740 | 111,390 | 81,576 | 103,473 | 106,151 | 136,401 | 136,913 | 221,270 | 288,977 | 333,490 | 331,841 | 211,819 | 145,300 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 20,424 | 23,854 | 29,624 | 24,762 | 15,443 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 279,857 | 120,740 | 111,390 | 81,576 | 123,897 | 130,005 | 166,025 | 161,675 | 236,713 | 288,977 | 333,490 | 331,841 | 211,819 | 145,300 |
| Stock & work in progress | 3,054,140 | 3,196,566 | 2,614,243 | 2,139,228 | 2,122,815 | 2,186,819 | 2,297,423 | 2,133,483 | 2,364,526 | 1,546,854 | 2,176,241 | 2,405,711 | 1,902,070 | 1,903,382 |
| Trade Debtors | 3,332,431 | 3,257,918 | 2,748,343 | 2,576,910 | 2,562,901 | 2,354,828 | 2,250,200 | 2,261,209 | 1,809,530 | 2,579,341 | 2,321,195 | 2,539,579 | 1,994,660 | 1,565,178 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 144,455 | 215,129 | 141,103 | 198,266 | 252,485 | 287,309 | 195,082 | 100,017 | 58,791 |
| Misc Debtors | 213,678 | 208,196 | 648,049 | 866,906 | 719,616 | 192,620 | 47,046 | 70,993 | 181,677 | 47,853 | 80,021 | 103,779 | 78,223 | 104,026 |
| Cash | 61,602 | 622,694 | 1,058,278 | 630,954 | 993,738 | 1,575,859 | 2,510,810 | 1,236,617 | 1,147,299 | 155,629 | 625,432 | 958,361 | 429,378 | 143,541 |
| misc current assets | 0 | 0 | 1,826 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,661,851 | 7,285,374 | 7,070,739 | 6,213,998 | 6,399,070 | 6,454,581 | 7,320,608 | 5,843,405 | 5,701,298 | 4,582,162 | 5,490,198 | 6,202,512 | 4,504,348 | 3,774,918 |
| total assets | 6,941,708 | 7,406,114 | 7,182,129 | 6,295,574 | 6,522,967 | 6,584,586 | 7,486,633 | 6,005,080 | 5,938,011 | 4,871,139 | 5,823,688 | 6,534,353 | 4,716,167 | 3,920,218 |
| Bank overdraft | 926,381 | 908,305 | 0 | 543,805 | 0 | 0 | 154,150 | 0 | 910,591 | 725,669 | 1,910,332 | 2,319,991 | 3,410,662 | 2,579,333 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 646,889 | 642,695 | 501,429 | 341,509 | 263,394 | 494,973 | 299,815 | 294,639 | 256,545 | 384,015 | 365,392 | 532,525 | 602,557 | 965,438 |
| Group/Directors Accounts | 2,897,840 | 1,536,682 | 1,349,066 | 1,848,099 | 2,432,241 | 2,058,462 | 2,415,055 | 2,118,217 | 2,447,613 | 2,110,955 | 2,712,809 | 2,914,612 | 94,487 | 67,256 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 17,483 | 0 | 627 | 4,617 | 3,990 | 3,990 | 3,990 | 0 | 0 | 0 | 4,254 | 8,433 | 17,851 | 9,700 |
| other current liabilities | 559,808 | 524,005 | 569,596 | 182,031 | 263,410 | 265,760 | 281,211 | 397,420 | 362,421 | 220,189 | 83,055 | 213,182 | 155,825 | 108,470 |
| total current liabilities | 5,048,401 | 3,611,687 | 2,420,718 | 2,920,061 | 2,963,035 | 2,823,185 | 3,154,221 | 2,810,276 | 3,977,170 | 3,440,828 | 5,075,842 | 5,988,743 | 4,281,382 | 3,730,197 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 165,683 | 0 | 0 | 0 | 4,617 | 8,606 | 11,969 | 0 | 0 | 0 | 0 | 4,776 | 26,970 | 23,886 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 13,060 | 9,605 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,580 | 0 |
| total long term liabilities | 178,743 | 9,605 | 0 | 0 | 4,617 | 8,606 | 11,969 | 0 | 0 | 0 | 0 | 4,776 | 56,550 | 23,886 |
| total liabilities | 5,227,144 | 3,621,292 | 2,420,718 | 2,920,061 | 2,967,652 | 2,831,791 | 3,166,190 | 2,810,276 | 3,977,170 | 3,440,828 | 5,075,842 | 5,993,519 | 4,337,932 | 3,754,083 |
| net assets | 1,714,564 | 3,784,822 | 4,761,411 | 3,375,513 | 3,555,315 | 3,752,795 | 4,320,443 | 3,194,804 | 1,960,841 | 1,430,311 | 747,846 | 540,834 | 378,235 | 166,135 |
| total shareholders funds | 1,714,564 | 3,784,822 | 4,761,411 | 3,375,513 | 3,555,315 | 3,752,795 | 4,320,443 | 3,194,804 | 1,960,841 | 1,430,311 | 747,846 | 540,834 | 378,235 | 166,135 |
| 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 | 1,364,502 | 1,411,595 | 1,880,331 | 1,229,829 | 1,362,679 | 1,319,182 | 1,560,658 | 1,710,160 | 1,426,525 | 1,105,576 | 469,150 | 260,614 | 397,246 | 251,978 |
| Depreciation | 49,478 | 105,068 | 26,452 | 32,988 | 29,682 | 53,001 | 87,655 | 102,163 | 113,635 | 106,151 | 100,591 | 84,757 | 57,352 | 51,088 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -259,784 | -199,246 | -270,258 | -167,990 | -233,321 | -238,025 | -277,562 | -315,835 | -262,031 | -219,534 | -41,385 | -14,101 | -133,799 | -56,261 |
| Stock | -142,426 | 582,323 | 475,015 | 16,413 | -64,004 | -110,604 | 163,940 | -231,043 | 817,672 | -629,387 | -229,470 | 503,641 | -1,312 | 1,903,382 |
| Debtors | 79,995 | 69,722 | -47,424 | 140,875 | 587,184 | 173,758 | 43,932 | 293,151 | -674,763 | 191,154 | -149,915 | 665,540 | 444,905 | 1,727,995 |
| Creditors | 4,194 | 141,266 | 159,920 | 78,115 | -231,579 | 195,158 | 5,176 | 38,094 | -127,470 | 18,623 | -167,133 | -70,032 | -362,881 | 965,438 |
| Accruals and Deferred Income | 35,803 | -45,591 | 387,565 | -81,379 | -2,350 | -15,451 | -116,209 | 34,999 | 142,232 | 137,134 | -130,127 | 57,357 | 47,355 | 108,470 |
| Deferred Taxes & Provisions | 3,455 | 9,605 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,580 | 29,580 | 0 |
| Cash flow from operations | 1,260,079 | 770,652 | 1,756,419 | 934,275 | 401,931 | 1,250,711 | 1,051,846 | 1,507,473 | 1,149,982 | 1,586,183 | 610,481 | -880,166 | -408,740 | -2,310,664 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -262,603 | -104,694 | -87,286 | -17,806 | -36,921 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -262,603 | -104,694 | -87,286 | -17,806 | -36,921 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,361,158 | 187,616 | -499,033 | -584,142 | 373,779 | -356,593 | 296,838 | -329,396 | 336,658 | -601,854 | -201,803 | 2,820,125 | 27,231 | 67,256 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 183,166 | -627 | -3,990 | -3,990 | -3,989 | -3,363 | 15,959 | 0 | 0 | -4,254 | -8,955 | -31,612 | 11,235 | 33,586 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -174,976 | -188,938 | -224,175 | -225,196 | -156,838 | -148,805 | -157,457 | -160,362 | -233,964 | -203,577 | -220,753 | -83,914 | -51,347 | -39,768 |
| cash flow from financing | 1,369,348 | -1,949 | -727,198 | -813,328 | 212,952 | -508,761 | 155,340 | -489,758 | 102,694 | -809,685 | -431,511 | 2,704,599 | -12,881 | 342,499 |
| cash and cash equivalents | ||||||||||||||
| cash | -561,092 | -435,584 | 427,324 | -362,784 | -582,121 | -934,951 | 1,274,193 | 89,318 | 991,670 | -469,803 | -332,929 | 528,983 | 285,837 | 143,541 |
| overdraft | 18,076 | 908,305 | -543,805 | 543,805 | 0 | -154,150 | 154,150 | -910,591 | 184,922 | -1,184,663 | -409,659 | -1,090,671 | 831,329 | 2,579,333 |
| change in cash | -579,168 | -1,343,889 | 971,129 | -906,589 | -582,121 | -780,801 | 1,120,043 | 999,909 | 806,748 | 714,860 | 76,730 | 1,619,654 | -545,492 | -2,435,792 |
j.l. priestley & co. limited Credit Report and Business Information
J.l. Priestley & Co. Limited Competitor Analysis
Perform a competitor analysis for j.l. priestley & co. limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NG34 area or any other competitors across 12 key performance metrics.
j.l. priestley & co. limited Ownership
J.L. PRIESTLEY & CO. LIMITED group structure
J.L. Priestley & Co. Limited has no subsidiary companies.
Ultimate parent company
2 parents
J.L. PRIESTLEY & CO. LIMITED
01176188
j.l. priestley & co. limited directors
J.L. Priestley & Co. Limited currently has 2 directors. The longest serving directors include Mr Christopher Bradford (Sep 2022) and Mrs Trudy Wilson (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Bradford | England | 41 years | Sep 2022 | - | Director |
| Mrs Trudy Wilson | England | 51 years | Jan 2023 | - | Director |
P&L
December 2022turnover
18.9m
+26%
operating profit
1.4m
-3%
gross margin
21.4%
-5.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.7m
-0.55%
total assets
6.9m
-0.06%
cash
61.6k
-0.9%
net assets
Total assets minus all liabilities
j.l. priestley & co. limited company details
company number
01176188
Type
Private limited with Share Capital
industry
10390 - Other processing and preserving of fruit and vegetables
incorporation date
July 1974
age
50
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
enterprise park pride parkway, sleaford, lincolnshire, NG34 8GL
accountant
-
auditor
WRIGHT VIGAR LTD
j.l. priestley & co. 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 j.l. priestley & co. limited. Currently there are 2 open charges and 7 have been satisfied in the past.
j.l. priestley & co. limited Companies House Filings - See Documents
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