spar food distributors limited

2.5

spar food distributors limited Company Information

Share SPAR FOOD DISTRIBUTORS LIMITED
Live 
MatureLargeLow

Company Number

01206150

Registered Address

mezzanine floor hygeia building, 66-68 college road, harrow, middlesex, HA1 1BE

Industry

Other retail sale of food in specialised stores

 

Retail sale of fish, crustaceans and molluscs in specialised stores

 
View All 

Telephone

02084263700

Next Accounts Due

January 2025

Group Structure

View All

Directors

Martin Agnew25 Years

Michael Hall16 Years

View All

Shareholders

a f blakemore & son ltd 20%

john henderson ltd 20%

View All

spar food distributors limited Estimated Valuation

£71.3m

Pomanda estimates the enterprise value of SPAR FOOD DISTRIBUTORS LIMITED at £71.3m based on a Turnover of £68.9m and 1.03x industry multiple (adjusted for size and gross margin).

spar food distributors limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of SPAR FOOD DISTRIBUTORS LIMITED at £8.2m based on an EBITDA of £824.8k and a 9.91x industry multiple (adjusted for size and gross margin).

spar food distributors limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of SPAR FOOD DISTRIBUTORS LIMITED at £3.3m based on Net Assets of £966.9k and 3.44x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Spar Food Distributors Limited Overview

Spar Food Distributors Limited is a live company located in harrow, HA1 1BE with a Companies House number of 01206150. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in April 1975, it's largest shareholder is a f blakemore & son ltd with a 20% stake. Spar Food Distributors Limited is a mature, large sized company, Pomanda has estimated its turnover at £68.9m with low growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Spar Food Distributors Limited Health Check

Pomanda's financial health check has awarded Spar Food Distributors Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £68.9m, make it larger than the average company (£671.8k)

£68.9m - Spar Food Distributors Limited

£671.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.6%)

4% - Spar Food Distributors Limited

8.6% - Industry AVG

production

Production

with a gross margin of 25.4%, this company has a comparable cost of product (25.5%)

25.4% - Spar Food Distributors Limited

25.5% - Industry AVG

profitability

Profitability

an operating margin of 1% make it less profitable than the average company (3.2%)

1% - Spar Food Distributors Limited

3.2% - Industry AVG

employees

Employees

with 96 employees, this is above the industry average (8)

96 - Spar Food Distributors Limited

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.4k, the company has a higher pay structure (£18k)

£71.4k - Spar Food Distributors Limited

£18k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £718.1k, this is more efficient (£113.4k)

£718.1k - Spar Food Distributors Limited

£113.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is later than average (18 days)

51 days - Spar Food Distributors Limited

18 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 22 days, this is close to average (23 days)

22 days - Spar Food Distributors Limited

23 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 22 days, this is more than average (15 days)

22 days - Spar Food Distributors Limited

15 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (24 weeks)

5 weeks - Spar Food Distributors Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96%, this is a higher level of debt than the average (72.7%)

96% - Spar Food Distributors Limited

72.7% - Industry AVG

SPAR FOOD DISTRIBUTORS LIMITED financials

EXPORTms excel logo

Spar Food Distributors Limited's latest turnover from April 2023 is £68.9 million and the company has net assets of £966.9 thousand. According to their latest financial statements, Spar Food Distributors Limited has 96 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover68,935,20566,115,26463,410,61061,832,28961,493,33666,442,089204,106,168189,639,57267,250,32862,636,23564,805,99466,987,82661,701,567194,822,204
Other Income Or Grants00000000000000
Cost Of Sales51,399,64750,372,40348,009,19244,529,37844,169,64845,051,306147,687,294133,468,62148,132,46544,059,29144,085,67946,872,07741,676,654131,475,187
Gross Profit17,535,55815,742,86115,401,41817,302,91117,323,68821,390,78356,418,87456,170,95119,117,86318,576,94420,720,31520,115,74920,024,91363,347,017
Admin Expenses16,883,69915,153,33514,831,01016,780,59916,830,09720,969,86855,983,96855,716,01318,726,08618,163,33120,336,64219,698,64919,565,49363,055,159
Operating Profit651,859589,526570,408522,312493,591420,915434,906454,938391,777413,613383,673417,100459,420291,858
Interest Payable209,859147,526131,40880,312122,09290,915115,906131,753134,856623,549630,572657,660661,458630,368
Interest Receivable51,00012,000019,00000000595,936563,899575,560602,03845,510
Pre-Tax Profit564,591478,457495,040449,531348,794408,858420,584592,473198,509386,000317,000335,000400,000121,000
Tax-98,452-35,910003,9004,010-20,000-22,185-92100000
Profit After Tax466,139442,547495,040449,531352,694412,868400,584570,288197,588386,000317,000335,000400,000121,000
Dividends Paid00000000000000
Retained Profit466,139442,547495,040449,531352,694412,868400,584570,288197,588386,000317,000335,000400,000121,000
Employee Costs6,857,2686,452,2076,418,9425,214,1425,186,6854,750,5514,728,8194,763,8824,649,0174,330,9334,100,7244,042,8794,123,5484,438,858
Number Of Employees9694988481747271706862616262
EBITDA*824,811755,966727,951694,939679,716641,912700,630677,836620,454630,954583,595622,350708,056562,057

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets216,273257,170204,858191,636190,438219,561312,453196,252210,746425,123451,983333,957392,845411,406
Intangible Assets18,69465,87876,99561,22589,2747,78383,123134,168116,79900000
Investments & Other1,302,0571,230,4661,206,0091,149,9691,161,4381,184,1431,105,2851,003,701734,413792,825753,762631,440624,651532,893
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,537,0241,553,5141,487,8621,402,8301,441,1501,411,4871,500,8611,334,1211,061,9581,217,9481,205,745965,3971,017,496944,299
Stock & work in progress3,222,0972,877,6362,656,0762,448,3353,207,5342,506,3882,324,5702,376,5251,626,4222,939,7793,192,0142,935,6073,140,5532,026,411
Trade Debtors9,750,8497,144,9676,928,7108,788,41215,331,74010,833,0456,431,0737,663,7827,534,3034,385,4554,677,0319,365,38913,010,6659,254,424
Group Debtors000000000000116116
Misc Debtors7,001,9136,059,0235,186,9824,488,93205,967,6325,593,0365,680,6683,464,4235,212,3945,038,5801,891,5601,049,8275,458,627
Cash2,334,7252,446,3082,254,4195,053,482675,5453,887,3313,564,0352,421,9221,714,3132,154,2142,224,9251,498,3701,204,324644,960
misc current assets00000010,7023,8875,38910,5208,5099,0065,4997,750
total current assets22,309,58418,527,93417,026,18720,779,16119,214,81923,194,39617,923,41618,146,78414,344,85014,702,36215,141,05915,699,93218,410,98417,392,288
total assets23,846,60820,081,44818,514,04922,181,99120,655,96924,605,88319,424,27719,480,90515,406,80815,920,31016,346,80416,665,32919,428,48018,336,587
Bank overdraft8,526,6126,307,0348,153,3746,456,3337,423,2367,810,8565,944,9165,875,924299,6142,364,4591,878,3954,111,7614,484,6434,681,423
Bank loan00000000000000
Trade Creditors 3,122,8063,126,9661,711,9783,566,6292,956,8244,327,1782,432,3762,305,9353,193,4132,158,3272,578,1463,516,2422,560,1152,392,919
Group/Directors Accounts0000000000006,6136,613
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities10,665,8509,356,6997,382,40510,948,7779,054,18811,223,4239,881,41710,235,06211,189,08510,614,41611,146,2188,415,60311,768,79310,739,074
total current liabilities22,315,26818,790,69917,247,75720,971,73919,434,24823,361,45718,258,70918,416,92114,682,11215,137,20215,602,75916,043,60618,820,16417,820,029
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions564,452297,000261,090261,090261,090264,990269,000249,000157,00000000
total long term liabilities564,452297,000261,090651,090261,0901,230,9902,269,0002,065,0002,684,0002,309,0002,853,0002,200,0001,580,0001,816,000
total liabilities22,879,72019,087,69917,508,84721,622,82919,695,33824,592,44720,527,70920,481,92117,366,11217,446,20218,455,75918,243,60620,400,16419,636,029
net assets966,888993,7491,005,202559,162960,63113,436-1,103,432-1,001,016-1,959,304-1,525,892-2,108,955-1,578,277-971,684-1,299,442
total shareholders funds966,888993,7491,005,202559,162960,63113,436-1,103,432-1,001,016-1,959,304-1,525,892-2,108,955-1,578,277-971,684-1,299,442
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit651,859589,526570,408522,312493,591420,915434,906454,938391,777413,613383,673417,100459,420291,858
Depreciation144,716114,460110,165135,253163,105160,851173,891127,021228,677217,341199,922205,250248,636270,199
Amortisation28,23651,98047,37837,37423,02060,14691,83395,877000000
Tax-98,452-35,910003,9004,010-20,000-22,185-92100000
Stock344,461221,560207,741-759,199701,146181,818-51,955750,103-1,313,357-252,235256,407-204,9461,114,1422,026,411
Debtors3,548,7721,088,298-1,161,652-2,054,396-1,468,9374,776,568-1,320,3412,345,7241,400,877-117,762-1,541,338-2,803,659-652,55914,713,167
Creditors-4,1601,414,988-1,854,651609,805-1,370,3541,894,802126,441-887,4781,035,086-419,819-938,096956,127167,1962,392,919
Accruals and Deferred Income1,309,1511,974,294-3,566,3721,894,589-2,169,2351,342,006-353,645-954,023574,669-531,8022,730,615-3,353,1901,029,71910,739,074
Deferred Taxes & Provisions267,45235,91000-3,900-4,01020,00092,000157,00000000
Cash flow from operations-1,594,4312,835,390-3,739,1616,012,928-2,092,082-1,079,6661,845,722-4,189,6772,298,76849,3303,661,0451,233,8921,443,388-3,045,528
Investing Activities
capital expenditure0000-238,493-46,180-300,556-216,915-140,906-179,786-313,620-128,638-209,188-228,403
Change in Investments71,59124,45756,040-11,469-22,70578,858101,584269,288-58,41239,063122,3226,78991,758532,893
cash flow from investments-71,591-24,457-56,04011,469-215,788-125,038-402,140-486,203-82,494-218,849-435,942-135,427-300,946-761,296
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000-6,61306,613
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-493,000-454,000-49,000-851,000594,501704,000-503,000388,000-631,000197,063-847,678-941,593-72,242-1,420,442
interest-158,859-135,526-131,408-61,312-122,092-90,915-115,906-131,753-134,856-27,613-66,673-82,100-59,420-584,858
cash flow from financing-651,859-589,526-180,408-912,312472,409613,085-618,906256,247-765,856169,450-914,351-1,030,306-131,662-1,998,687
cash and cash equivalents
cash-111,583191,889-2,799,0634,377,937-3,211,786323,2961,142,113707,609-439,901-70,711726,555294,046559,364644,960
overdraft2,219,578-1,846,3401,697,041-966,903-387,6201,865,94068,9925,576,310-2,064,845486,064-2,233,366-372,882-196,7804,681,423
change in cash-2,331,1612,038,229-4,496,1045,344,840-2,824,166-1,542,6441,073,121-4,868,7011,624,944-556,7752,959,921666,928756,144-4,036,463

spar food distributors limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spar food distributors limited. Get real-time insights into spar food distributors limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Spar Food Distributors Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spar food distributors 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 HA1 area or any other competitors across 12 key performance metrics.

spar food distributors limited Ownership

SPAR FOOD DISTRIBUTORS LIMITED group structure

Spar Food Distributors Limited has 1 subsidiary company.

Ultimate parent company

SPAR FOOD DISTRIBUTORS LIMITED

01206150

1 subsidiary

SPAR FOOD DISTRIBUTORS LIMITED Shareholders

a f blakemore & son ltd 20%
john henderson ltd 20%
c j lang & son ltd 20%
james hall & company (southport) ltd 20%
appleby westward group plc 20%

spar food distributors limited directors

Spar Food Distributors Limited currently has 6 directors. The longest serving directors include Mr Martin Agnew (Jan 1999) and Mr Michael Hall (Nov 2007).

officercountryagestartendrole
Mr Martin AgnewNorthern Ireland62 years Jan 1999- Director
Mr Michael HallEngland52 years Nov 2007- Director
Mr Mike BoardmanUnited Kingdom52 years Nov 2014- Director
Mr Colin McLeanScotland59 years Apr 2018- Director
Mr Nick BunkerEngland60 years Mar 2022- Director
Mrs Carol WelchUnited Kingdom54 years May 2023- Director

P&L

April 2023

turnover

68.9m

+4%

operating profit

651.9k

+11%

gross margin

25.5%

+6.83%

turnover

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

Balance Sheet

April 2023

net assets

966.9k

-0.03%

total assets

23.8m

+0.19%

cash

2.3m

-0.05%

net assets

Total assets minus all liabilities

spar food distributors limited company details

company number

01206150

Type

Private limited with Share Capital

industry

47290 - Other retail sale of food in specialised stores

47230 - Retail sale of fish, crustaceans and molluscs in specialised stores

47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

incorporation date

April 1975

age

49

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

April 2023

previous names

N/A

accountant

-

auditor

RSM AUDIT LLP

address

mezzanine floor hygeia building, 66-68 college road, harrow, middlesex, HA1 1BE

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

spar food distributors 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 did not find charges/mortgages relating to spar food distributors limited.

charges

spar food distributors limited Companies House Filings - See Documents

datedescriptionview/download