bestway wholesale limited
bestway wholesale limited Company Information
Company Number
01207120
Next Accounts
Mar 2025
Shareholders
bestway wholesale holdings limited
Group Structure
View All
Industry
Non-specialised wholesale of food, beverages and tobacco
Registered Address
2 abbey road, london, NW10 7BW
bestway wholesale limited Estimated Valuation
Pomanda estimates the enterprise value of BESTWAY WHOLESALE LIMITED at £733.5m based on a Turnover of £1.7b and 0.44x industry multiple (adjusted for size and gross margin).
bestway wholesale limited Estimated Valuation
Pomanda estimates the enterprise value of BESTWAY WHOLESALE LIMITED at £295.4m based on an EBITDA of £56.8m and a 5.2x industry multiple (adjusted for size and gross margin).
bestway wholesale limited Estimated Valuation
Pomanda estimates the enterprise value of BESTWAY WHOLESALE LIMITED at £140.3m based on Net Assets of £59.5m and 2.36x industry multiple (adjusted for liquidity).
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Bestway Wholesale Limited Overview
Bestway Wholesale Limited is a live company located in london, NW10 7BW with a Companies House number of 01207120. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in April 1975, it's largest shareholder is bestway wholesale holdings limited with a 100% stake. Bestway Wholesale Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1.7b with low growth in recent years.
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Bestway Wholesale Limited Health Check
Pomanda's financial health check has awarded Bestway Wholesale Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.7b, make it larger than the average company (£28m)
£1.7b - Bestway Wholesale Limited
£28m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.2%)
1% - Bestway Wholesale Limited
7.2% - Industry AVG
Production
with a gross margin of 7.2%, this company has a higher cost of product (19.8%)
7.2% - Bestway Wholesale Limited
19.8% - Industry AVG
Profitability
an operating margin of 3.1% make it as profitable than the average company (2.9%)
3.1% - Bestway Wholesale Limited
2.9% - Industry AVG
Employees
with 3118 employees, this is above the industry average (67)
3118 - Bestway Wholesale Limited
67 - Industry AVG
Pay Structure
on an average salary of £27.9k, the company has an equivalent pay structure (£34.5k)
£27.9k - Bestway Wholesale Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £537.6k, this is more efficient (£383.3k)
£537.6k - Bestway Wholesale Limited
£383.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (34 days)
7 days - Bestway Wholesale Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (38 days)
48 days - Bestway Wholesale Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is in line with average (36 days)
31 days - Bestway Wholesale Limited
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (9 weeks)
4 weeks - Bestway Wholesale Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.8%, this is a higher level of debt than the average (60.6%)
91.8% - Bestway Wholesale Limited
60.6% - Industry AVG
BESTWAY WHOLESALE LIMITED financials
Bestway Wholesale Limited's latest turnover from June 2023 is £1.7 billion and the company has net assets of £59.5 million. According to their latest financial statements, Bestway Wholesale Limited has 3,118 employees and maintains cash reserves of £27.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,676,271,000 | 1,651,176,000 | 1,627,876,000 | 1,607,224,000 | 1,632,104,000 | 1,611,557,000 | 1,651,048,000 | 1,431,159,000 | 939,166,000 | 998,584,000 | 979,828,000 | 995,603,000 | 930,852,000 | 883,941,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 1,556,375,000 | 1,557,104,000 | 1,555,971,000 | 1,545,692,000 | 1,579,259,000 | 1,547,680,000 | 1,594,043,000 | 1,390,451,000 | 907,774,000 | 960,082,000 | 940,634,000 | 954,119,000 | 889,213,000 | 844,655,000 |
| Gross Profit | 119,896,000 | 94,072,000 | 71,905,000 | 61,532,000 | 52,845,000 | 63,877,000 | 57,005,000 | 40,708,000 | 31,392,000 | 38,502,000 | 39,194,000 | 41,484,000 | 41,639,000 | 39,286,000 |
| Admin Expenses | 68,126,000 | 50,905,000 | 45,921,000 | 48,721,000 | 47,376,000 | 50,526,000 | 46,424,000 | 43,323,000 | 14,459,000 | 18,976,000 | 18,837,000 | 18,283,000 | 19,144,000 | 18,084,000 |
| Operating Profit | 51,770,000 | 43,167,000 | 25,984,000 | 12,811,000 | 5,469,000 | 13,351,000 | 10,581,000 | -2,615,000 | 16,933,000 | 19,526,000 | 20,357,000 | 23,201,000 | 22,495,000 | 21,202,000 |
| Interest Payable | 22,665,000 | 9,851,000 | 2,770,000 | 6,362,000 | 7,710,000 | 8,213,000 | 8,620,000 | 9,213,000 | 4,680,000 | 1,055,000 | 636,000 | 184,000 | 288,000 | 234,000 |
| Interest Receivable | 583,000 | 900,000 | 3,784,000 | 5,138,000 | 5,440,000 | 5,169,000 | 4,393,000 | 3,729,000 | 1,197,000 | 73,000 | 97,000 | 151,000 | 246,000 | 307,000 |
| Pre-Tax Profit | 29,688,000 | 34,216,000 | 26,998,000 | 11,587,000 | 3,199,000 | 10,307,000 | 6,354,000 | -8,099,000 | 13,450,000 | 18,544,000 | 19,818,000 | 23,168,000 | 22,453,000 | 21,275,000 |
| Tax | -7,019,000 | -6,465,000 | -5,313,000 | -4,160,000 | -485,000 | -3,684,000 | 329,000 | 1,561,000 | -516,000 | -4,432,000 | -3,904,000 | -4,021,000 | -6,177,000 | -5,895,000 |
| Profit After Tax | 22,669,000 | 27,751,000 | 21,685,000 | 7,427,000 | 2,714,000 | 6,623,000 | 6,683,000 | -6,538,000 | 12,934,000 | 14,112,000 | 15,914,000 | 19,147,000 | 16,276,000 | 15,380,000 |
| Dividends Paid | 75,000,000 | 18,500,000 | 40,000,000 | 6,200,000 | 6,500,000 | 8,300,000 | 8,300,000 | 8,300,000 | ||||||
| Retained Profit | -52,331,000 | 9,251,000 | 21,685,000 | -32,573,000 | 2,714,000 | 6,623,000 | 6,683,000 | -6,538,000 | 12,934,000 | 7,912,000 | 9,414,000 | 10,847,000 | 7,976,000 | 7,080,000 |
| Employee Costs | 87,068,000 | 81,671,000 | 85,341,000 | 91,082,000 | 94,220,000 | 85,285,000 | 82,064,000 | 64,442,000 | 34,719,000 | 40,820,000 | 39,709,000 | 39,918,000 | 37,468,000 | 36,007,000 |
| Number Of Employees | 3,118 | 3,144 | 3,215 | 3,621 | 3,531 | 3,513 | 3,706 | 3,741 | 1,698 | 1,722 | 1,773 | 1,803 | 1,700 | 1,629 |
| EBITDA* | 56,762,000 | 57,956,000 | 30,640,000 | 18,313,000 | 12,262,000 | 20,618,000 | 16,835,000 | 4,339,000 | 21,766,000 | 22,136,000 | 23,069,000 | 25,981,000 | 25,017,000 | 23,808,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 362,829,000 | 384,459,000 | 19,067,000 | 21,987,000 | 26,949,000 | 28,570,000 | 25,732,000 | 25,756,000 | 166,789,000 | 11,423,000 | 11,864,000 | 12,319,000 | 10,913,000 | 10,012,000 |
| Intangible Assets | 2,907,000 | 2,907,000 | 2,907,000 | 2,907,000 | 2,907,000 | 2,907,000 | 2,907,000 | 2,907,000 | ||||||
| Investments & Other | 85,926,000 | 85,926,000 | 78,434,000 | 2,500,000 | ||||||||||
| Debtors (Due After 1 year) | 180,577,000 | 177,290,000 | 174,476,000 | 169,944,000 | 166,529,000 | 162,448,000 | 134,664,000 | |||||||
| Total Fixed Assets | 451,662,000 | 473,292,000 | 280,985,000 | 204,684,000 | 204,332,000 | 201,421,000 | 195,168,000 | 191,111,000 | 301,453,000 | 11,423,000 | 11,864,000 | 12,319,000 | 10,913,000 | 10,012,000 |
| Stock & work in progress | 132,672,000 | 123,304,000 | 119,162,000 | 147,878,000 | 127,278,000 | 138,215,000 | 133,149,000 | 128,205,000 | 75,396,000 | 76,321,000 | 63,950,000 | 74,333,000 | 73,833,000 | 71,537,000 |
| Trade Debtors | 33,831,000 | 29,047,000 | 31,104,000 | 42,118,000 | 46,387,000 | 50,360,000 | 34,228,000 | 31,296,000 | 8,570,000 | 7,405,000 | 6,759,000 | 5,419,000 | 5,051,000 | 4,291,000 |
| Group Debtors | 45,721,000 | 57,520,000 | 75,598,000 | 273,801,000 | 245,135,000 | 240,396,000 | 211,182,000 | 237,470,000 | 9,645,000 | 56,189,000 | 57,047,000 | 47,145,000 | 40,157,000 | 31,826,000 |
| Misc Debtors | 36,171,000 | 32,167,000 | 35,462,000 | 38,759,000 | 38,574,000 | 36,417,000 | 33,720,000 | 34,531,000 | 23,227,000 | 21,167,000 | 19,001,000 | 18,281,000 | 16,874,000 | 15,200,000 |
| Cash | 27,312,000 | 57,155,000 | 28,808,000 | 60,877,000 | 54,443,000 | 48,641,000 | 46,945,000 | 10,827,000 | 9,751,000 | 13,831,000 | 18,231,000 | 19,996,000 | 22,371,000 | 13,397,000 |
| misc current assets | ||||||||||||||
| total current assets | 275,707,000 | 299,193,000 | 290,134,000 | 563,433,000 | 511,817,000 | 514,029,000 | 459,224,000 | 442,329,000 | 126,589,000 | 174,913,000 | 164,988,000 | 165,174,000 | 158,286,000 | 136,251,000 |
| total assets | 727,369,000 | 772,485,000 | 571,119,000 | 768,117,000 | 716,149,000 | 715,450,000 | 654,392,000 | 633,440,000 | 428,042,000 | 186,336,000 | 176,852,000 | 177,493,000 | 169,199,000 | 146,263,000 |
| Bank overdraft | 38,740,000 | 37,825,000 | 15,927,000 | |||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 205,070,000 | 195,380,000 | 194,808,000 | 253,922,000 | 179,816,000 | 218,180,000 | 212,876,000 | 212,537,000 | 111,486,000 | 101,254,000 | 100,820,000 | 111,732,000 | 108,054,000 | 100,705,000 |
| Group/Directors Accounts | 50,447,000 | 34,892,000 | 190,826,000 | 202,354,000 | 166,016,000 | 146,476,000 | 123,724,000 | 140,736,000 | 58,423,000 | 443,000 | 2,226,000 | 842,000 | 1,538,000 | 774,000 |
| other short term finances | ||||||||||||||
| hp & lease commitments | 17,657,000 | 16,667,000 | 63,000 | 20,000 | ||||||||||
| other current liabilities | 65,191,000 | 66,768,000 | 57,358,000 | 58,962,000 | 50,772,000 | 39,527,000 | 37,974,000 | 25,896,000 | 16,813,000 | 15,168,000 | 12,160,000 | 12,765,000 | 18,411,000 | 11,432,000 |
| total current liabilities | 338,365,000 | 313,707,000 | 443,055,000 | 515,258,000 | 435,344,000 | 442,008,000 | 390,501,000 | 379,169,000 | 186,722,000 | 116,865,000 | 115,206,000 | 125,339,000 | 128,003,000 | 112,911,000 |
| loans | 179,000,000 | 174,639,000 | 170,203,000 | 166,474,000 | 163,052,000 | 159,374,000 | ||||||||
| hp & lease commitments | 327,258,000 | 344,914,000 | 303,000 | 404,000 | ||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 773,000 | 21,000 | 110,000 | 569,000 | 656,000 | 578,000 | 467,000 | 599,000 | ||||||
| total long term liabilities | 329,485,000 | 346,504,000 | 3,507,000 | 187,738,000 | 182,056,000 | 176,721,000 | 175,729,000 | 171,947,000 | 159,484,000 | 569,000 | 656,000 | 578,000 | 467,000 | 599,000 |
| total liabilities | 667,850,000 | 660,211,000 | 446,562,000 | 702,996,000 | 617,400,000 | 618,729,000 | 566,230,000 | 551,116,000 | 346,206,000 | 117,434,000 | 115,862,000 | 125,917,000 | 128,470,000 | 113,510,000 |
| net assets | 59,519,000 | 112,274,000 | 124,557,000 | 65,121,000 | 98,749,000 | 96,721,000 | 88,162,000 | 82,324,000 | 81,836,000 | 68,902,000 | 60,990,000 | 51,576,000 | 40,729,000 | 32,753,000 |
| total shareholders funds | 59,519,000 | 112,274,000 | 124,557,000 | 65,121,000 | 98,749,000 | 96,721,000 | 88,162,000 | 82,324,000 | 81,836,000 | 68,902,000 | 60,990,000 | 51,576,000 | 40,729,000 | 32,753,000 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 51,770,000 | 43,167,000 | 25,984,000 | 12,811,000 | 5,469,000 | 13,351,000 | 10,581,000 | -2,615,000 | 16,933,000 | 19,526,000 | 20,357,000 | 23,201,000 | 22,495,000 | 21,202,000 |
| Depreciation | 4,992,000 | 14,789,000 | 4,656,000 | 5,502,000 | 6,793,000 | 7,267,000 | 6,254,000 | 6,954,000 | 4,833,000 | 2,610,000 | 2,712,000 | 2,780,000 | 2,522,000 | 2,606,000 |
| Amortisation | ||||||||||||||
| Tax | -7,019,000 | -6,465,000 | -5,313,000 | -4,160,000 | -485,000 | -3,684,000 | 329,000 | 1,561,000 | -516,000 | -4,432,000 | -3,904,000 | -4,021,000 | -6,177,000 | -5,895,000 |
| Stock | 9,368,000 | 4,142,000 | -28,716,000 | 20,600,000 | -10,937,000 | 5,066,000 | 4,944,000 | 52,809,000 | -925,000 | 12,371,000 | -10,383,000 | 500,000 | 2,296,000 | 71,537,000 |
| Debtors | -3,011,000 | -204,007,000 | -209,227,000 | 27,396,000 | 7,455,000 | 51,458,000 | -20,086,000 | 289,639,000 | 91,345,000 | 1,954,000 | 11,962,000 | 8,763,000 | 10,765,000 | 51,317,000 |
| Creditors | 9,690,000 | 572,000 | -59,114,000 | 74,106,000 | -38,364,000 | 5,304,000 | 339,000 | 101,051,000 | 10,232,000 | 434,000 | -10,912,000 | 3,678,000 | 7,349,000 | 100,705,000 |
| Accruals and Deferred Income | -1,577,000 | 9,410,000 | -1,604,000 | 8,190,000 | 11,245,000 | 1,553,000 | 12,078,000 | 9,083,000 | 1,645,000 | 3,008,000 | -605,000 | -5,646,000 | 6,979,000 | 11,432,000 |
| Deferred Taxes & Provisions | 752,000 | 21,000 | -110,000 | -459,000 | -87,000 | 78,000 | 111,000 | -132,000 | 599,000 | |||||
| Cash flow from operations | 52,251,000 | 261,359,000 | 202,552,000 | 48,453,000 | -11,860,000 | -32,733,000 | 44,723,000 | -226,524,000 | -57,752,000 | 6,734,000 | 6,147,000 | 10,840,000 | 19,975,000 | 7,795,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 7,492,000 | 75,934,000 | 2,500,000 | |||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 15,555,000 | -155,934,000 | -11,528,000 | 36,338,000 | 19,540,000 | 22,752,000 | -17,012,000 | 82,313,000 | 57,980,000 | -1,783,000 | 1,384,000 | -696,000 | 764,000 | 774,000 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | -179,000,000 | 4,361,000 | 4,436,000 | 3,729,000 | 3,422,000 | 3,678,000 | 159,374,000 | |||||||
| Hire Purchase and Lease Commitments | -16,666,000 | 361,215,000 | -58,000 | 424,000 | ||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -22,082,000 | -8,951,000 | 1,014,000 | -1,224,000 | -2,270,000 | -3,044,000 | -4,227,000 | -5,484,000 | -3,483,000 | -982,000 | -539,000 | -33,000 | -42,000 | 73,000 |
| cash flow from financing | -23,617,000 | 174,796,000 | -151,821,000 | 38,844,000 | 21,020,000 | 25,373,000 | -18,662,000 | 87,533,000 | 213,871,000 | -2,765,000 | 845,000 | -729,000 | 722,000 | 26,520,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -29,843,000 | 28,347,000 | -32,069,000 | 6,434,000 | 5,802,000 | 1,696,000 | 36,118,000 | 1,076,000 | -4,080,000 | -4,400,000 | -1,765,000 | -2,375,000 | 8,974,000 | 13,397,000 |
| overdraft | -38,740,000 | 915,000 | 21,898,000 | 15,927,000 | ||||||||||
| change in cash | -29,843,000 | 28,347,000 | -32,069,000 | 45,174,000 | 4,887,000 | -20,202,000 | 20,191,000 | 1,076,000 | -4,080,000 | -4,400,000 | -1,765,000 | -2,375,000 | 8,974,000 | 13,397,000 |
bestway wholesale limited Credit Report and Business Information
Bestway Wholesale Limited Competitor Analysis
Perform a competitor analysis for bestway wholesale limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in NW10 area or any other competitors across 12 key performance metrics.
bestway wholesale limited Ownership
BESTWAY WHOLESALE LIMITED group structure
Bestway Wholesale Limited has 6 subsidiary companies.
Ultimate parent company
BESTWAY GROUP LTD
#0150716
2 parents
BESTWAY WHOLESALE LIMITED
01207120
6 subsidiaries
bestway wholesale limited directors
Bestway Wholesale Limited currently has 5 directors. The longest serving directors include Lord Zameer Choudrey (Jan 1993) and Mr Mohammed Sheikh (Jan 1993).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Lord Zameer Choudrey | United Kingdom | 67 years | Jan 1993 | - | Director |
| Mr Mohammed Sheikh | 78 years | Jan 1993 | - | Director | |
| Mr Rizwan Pervez | 57 years | Jan 2000 | - | Director | |
| Mr Dawood Pervez | England | 50 years | Jul 2004 | - | Director |
| Mr Naser Khan | United Kingdom | 54 years | Mar 2013 | - | Director |
P&L
June 2023turnover
1.7b
+2%
operating profit
51.8m
+20%
gross margin
7.2%
+25.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
59.5m
-0.47%
total assets
727.4m
-0.06%
cash
27.3m
-0.52%
net assets
Total assets minus all liabilities
bestway wholesale limited company details
company number
01207120
Type
Private limited with Share Capital
industry
46390 - Non-specialised wholesale of food, beverages and tobacco
incorporation date
April 1975
age
50
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
bestway cash & carry limited (October 2015)
accountant
-
auditor
MAZARS LLP
address
2 abbey road, london, NW10 7BW
Bank
HSBC BANK PLC
Legal Advisor
HOGAN LOVELLS INTERNATIONAL LLP
bestway wholesale 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 10 charges/mortgages relating to bestway wholesale limited. Currently there are 2 open charges and 8 have been satisfied in the past.
bestway wholesale 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.
Click to start generating capital raising & share issue transactions for BESTWAY WHOLESALE LIMITED. This can take several minutes, an email will notify you when this has completed.
bestway wholesale limited Companies House Filings - See Documents
| date | description | view/download |
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