bestway wholesale limited

4.5

bestway wholesale limited Company Information

Share BESTWAY WHOLESALE LIMITED
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Company Number

01207120

Registered Address

2 abbey road, london, NW10 7BW

Industry

Non-specialised wholesale of food, beverages and tobacco

 

Telephone

02084531234

Next Accounts Due

March 2025

Group Structure

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Directors

Zameer Choudrey31 Years

Mohammed Sheikh31 Years

View All

Shareholders

bestway wholesale holdings limited 100%

bestway wholesale limited Estimated Valuation

£110.9m - £531.5m

The estimated valuation range for bestway wholesale limited, derived from financial data as of June 2023 and the most recent industry multiples, is between £110.9m to £531.5m

bestway wholesale limited Estimated Valuation

£110.9m - £531.5m

The estimated valuation range for bestway wholesale limited, derived from financial data as of June 2023 and the most recent industry multiples, is between £110.9m to £531.5m

bestway wholesale limited Estimated Valuation

£110.9m - £531.5m

The estimated valuation range for bestway wholesale limited, derived from financial data as of June 2023 and the most recent industry multiples, is between £110.9m to £531.5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Bestway Wholesale Limited AI Business Plan

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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 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1.7b, make it larger than the average company (£33.6m)

£1.7b - Bestway Wholesale Limited

£33.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.6%)

1% - Bestway Wholesale Limited

6.6% - Industry AVG

production

Production

with a gross margin of 7.2%, this company has a higher cost of product (19.9%)

7.2% - Bestway Wholesale Limited

19.9% - Industry AVG

profitability

Profitability

an operating margin of 3.1% make it as profitable than the average company (3%)

3.1% - Bestway Wholesale Limited

3% - Industry AVG

employees

Employees

with 3118 employees, this is above the industry average (75)

3118 - Bestway Wholesale Limited

75 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.9k, the company has a lower pay structure (£35.1k)

£27.9k - Bestway Wholesale Limited

£35.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £537.6k, this is more efficient (£376.4k)

£537.6k - Bestway Wholesale Limited

£376.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (36 days)

7 days - Bestway Wholesale Limited

36 days - Industry AVG

creditordays

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

stockdays

Stock Days

it holds stock equivalent to 31 days, this is in line with average (37 days)

31 days - Bestway Wholesale Limited

37 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 (9 weeks)

4 weeks - Bestway Wholesale Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 91.8%, this is a higher level of debt than the average (58.4%)

91.8% - Bestway Wholesale Limited

58.4% - Industry AVG

bestway wholesale limited 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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Bestway Wholesale Limited Competitor Analysis

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Perform a competitor analysis for bestway wholesale limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

bestway wholesale limited Ownership

BESTWAY WHOLESALE LIMITED group structure

Bestway Wholesale Limited has 4 subsidiary companies.

BESTWAY WHOLESALE LIMITED Shareholders

bestway wholesale holdings limited 100%

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).

officercountryagestartendrole
Lord Zameer ChoudreyUnited Kingdom66 years Jan 1993- Director
Mr Mohammed Sheikh77 years Jan 1993- Director
Mr Rizwan Pervez56 years Jan 2000- Director
Mr Dawood PervezUnited Kingdom49 years Jul 2004- Director
Mr Naser Khan53 years Mar 2013- Director

BESTWAY WHOLESALE LIMITED financials

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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 HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover1,676,271,0001,651,176,0001,627,876,0001,607,224,0001,632,104,0001,611,557,0001,651,048,0001,431,159,000939,166,000998,584,000979,828,000995,603,000930,852,000883,941,000
Other Income Or Grants00000000000000
Cost Of Sales1,556,375,0001,557,104,0001,555,971,0001,545,692,0001,579,259,0001,547,680,0001,594,043,0001,390,451,000907,774,000960,082,000940,634,000954,119,000889,213,000844,655,000
Gross Profit119,896,00094,072,00071,905,00061,532,00052,845,00063,877,00057,005,00040,708,00031,392,00038,502,00039,194,00041,484,00041,639,00039,286,000
Admin Expenses68,126,00050,905,00045,921,00048,721,00047,376,00050,526,00046,424,00043,323,00014,459,00018,976,00018,837,00018,283,00019,144,00018,084,000
Operating Profit51,770,00043,167,00025,984,00012,811,0005,469,00013,351,00010,581,000-2,615,00016,933,00019,526,00020,357,00023,201,00022,495,00021,202,000
Interest Payable22,665,0009,851,0002,770,0006,362,0007,710,0008,213,0008,620,0009,213,0004,680,0001,055,000636,000184,000288,000234,000
Interest Receivable583,000900,0003,784,0005,138,0005,440,0005,169,0004,393,0003,729,0001,197,00073,00097,000151,000246,000307,000
Pre-Tax Profit29,688,00034,216,00026,998,00011,587,0003,199,00010,307,0006,354,000-8,099,00013,450,00018,544,00019,818,00023,168,00022,453,00021,275,000
Tax-7,019,000-6,465,000-5,313,000-4,160,000-485,000-3,684,000329,0001,561,000-516,000-4,432,000-3,904,000-4,021,000-6,177,000-5,895,000
Profit After Tax22,669,00027,751,00021,685,0007,427,0002,714,0006,623,0006,683,000-6,538,00012,934,00014,112,00015,914,00019,147,00016,276,00015,380,000
Dividends Paid75,000,00018,500,000040,000,000000006,200,0006,500,0008,300,0008,300,0008,300,000
Retained Profit-52,331,0009,251,00021,685,000-32,573,0002,714,0006,623,0006,683,000-6,538,00012,934,0007,912,0009,414,00010,847,0007,976,0007,080,000
Employee Costs87,068,00081,671,00085,341,00091,082,00094,220,00085,285,00082,064,00064,442,00034,719,00040,820,00039,709,00039,918,00037,468,00036,007,000
Number Of Employees3,1183,1443,2153,6213,5313,5133,7063,7411,6981,7221,7731,8031,7001,629
EBITDA*56,762,00057,956,00030,640,00018,313,00012,262,00020,618,00016,835,0004,339,00021,766,00022,136,00023,069,00025,981,00025,017,00023,808,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets362,829,000384,459,00019,067,00021,987,00026,949,00028,570,00025,732,00025,756,000166,789,00011,423,00011,864,00012,319,00010,913,00010,012,000
Intangible Assets2,907,0002,907,0002,907,0002,907,0002,907,0002,907,0002,907,0002,907,000000000
Investments & Other85,926,00085,926,00078,434,0002,500,0000000000000
Debtors (Due After 1 year)00180,577,000177,290,000174,476,000169,944,000166,529,000162,448,000134,664,00000000
Total Fixed Assets451,662,000473,292,000280,985,000204,684,000204,332,000201,421,000195,168,000191,111,000301,453,00011,423,00011,864,00012,319,00010,913,00010,012,000
Stock & work in progress132,672,000123,304,000119,162,000147,878,000127,278,000138,215,000133,149,000128,205,00075,396,00076,321,00063,950,00074,333,00073,833,00071,537,000
Trade Debtors33,831,00029,047,00031,104,00042,118,00046,387,00050,360,00034,228,00031,296,0008,570,0007,405,0006,759,0005,419,0005,051,0004,291,000
Group Debtors45,721,00057,520,00075,598,000273,801,000245,135,000240,396,000211,182,000237,470,0009,645,00056,189,00057,047,00047,145,00040,157,00031,826,000
Misc Debtors36,171,00032,167,00035,462,00038,759,00038,574,00036,417,00033,720,00034,531,00023,227,00021,167,00019,001,00018,281,00016,874,00015,200,000
Cash27,312,00057,155,00028,808,00060,877,00054,443,00048,641,00046,945,00010,827,0009,751,00013,831,00018,231,00019,996,00022,371,00013,397,000
misc current assets00000000000000
total current assets275,707,000299,193,000290,134,000563,433,000511,817,000514,029,000459,224,000442,329,000126,589,000174,913,000164,988,000165,174,000158,286,000136,251,000
total assets727,369,000772,485,000571,119,000768,117,000716,149,000715,450,000654,392,000633,440,000428,042,000186,336,000176,852,000177,493,000169,199,000146,263,000
Bank overdraft000038,740,00037,825,00015,927,0000000000
Bank loan00000000000000
Trade Creditors 205,070,000195,380,000194,808,000253,922,000179,816,000218,180,000212,876,000212,537,000111,486,000101,254,000100,820,000111,732,000108,054,000100,705,000
Group/Directors Accounts50,447,00034,892,000190,826,000202,354,000166,016,000146,476,000123,724,000140,736,00058,423,000443,0002,226,000842,0001,538,000774,000
other short term finances00000000000000
hp & lease commitments17,657,00016,667,00063,00020,0000000000000
other current liabilities65,191,00066,768,00057,358,00058,962,00050,772,00039,527,00037,974,00025,896,00016,813,00015,168,00012,160,00012,765,00018,411,00011,432,000
total current liabilities338,365,000313,707,000443,055,000515,258,000435,344,000442,008,000390,501,000379,169,000186,722,000116,865,000115,206,000125,339,000128,003,000112,911,000
loans000179,000,000174,639,000170,203,000166,474,000163,052,000159,374,00000000
hp & lease commitments327,258,000344,914,000303,000404,0000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions773,00021,000000000110,000569,000656,000578,000467,000599,000
total long term liabilities329,485,000346,504,0003,507,000187,738,000182,056,000176,721,000175,729,000171,947,000159,484,000569,000656,000578,000467,000599,000
total liabilities667,850,000660,211,000446,562,000702,996,000617,400,000618,729,000566,230,000551,116,000346,206,000117,434,000115,862,000125,917,000128,470,000113,510,000
net assets59,519,000112,274,000124,557,00065,121,00098,749,00096,721,00088,162,00082,324,00081,836,00068,902,00060,990,00051,576,00040,729,00032,753,000
total shareholders funds59,519,000112,274,000124,557,00065,121,00098,749,00096,721,00088,162,00082,324,00081,836,00068,902,00060,990,00051,576,00040,729,00032,753,000
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit51,770,00043,167,00025,984,00012,811,0005,469,00013,351,00010,581,000-2,615,00016,933,00019,526,00020,357,00023,201,00022,495,00021,202,000
Depreciation4,992,00014,789,0004,656,0005,502,0006,793,0007,267,0006,254,0006,954,0004,833,0002,610,0002,712,0002,780,0002,522,0002,606,000
Amortisation00000000000000
Tax-7,019,000-6,465,000-5,313,000-4,160,000-485,000-3,684,000329,0001,561,000-516,000-4,432,000-3,904,000-4,021,000-6,177,000-5,895,000
Stock9,368,0004,142,000-28,716,00020,600,000-10,937,0005,066,0004,944,00052,809,000-925,00012,371,000-10,383,000500,0002,296,00071,537,000
Debtors-3,011,000-204,007,000-209,227,00027,396,0007,455,00051,458,000-20,086,000289,639,00091,345,0001,954,00011,962,0008,763,00010,765,00051,317,000
Creditors9,690,000572,000-59,114,00074,106,000-38,364,0005,304,000339,000101,051,00010,232,000434,000-10,912,0003,678,0007,349,000100,705,000
Accruals and Deferred Income-1,577,0009,410,000-1,604,0008,190,00011,245,0001,553,00012,078,0009,083,0001,645,0003,008,000-605,000-5,646,0006,979,00011,432,000
Deferred Taxes & Provisions752,00021,00000000-110,000-459,000-87,00078,000111,000-132,000599,000
Cash flow from operations52,251,000261,359,000202,552,00048,453,000-11,860,000-32,733,00044,723,000-226,524,000-57,752,0006,734,0006,147,00010,840,00019,975,0007,795,000
Investing Activities
capital expenditure16,638,000-380,181,000-1,736,000-540,000-5,172,000-10,105,000-6,230,000131,172,000-160,199,000-2,169,000-2,257,000-4,186,000-3,423,000-12,618,000
Change in Investments07,492,00075,934,0002,500,0000000000000
cash flow from investments16,638,000-387,673,000-77,670,000-3,040,000-5,172,000-10,105,000-6,230,000131,172,000-160,199,000-2,169,000-2,257,000-4,186,000-3,423,000-12,618,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts15,555,000-155,934,000-11,528,00036,338,00019,540,00022,752,000-17,012,00082,313,00057,980,000-1,783,0001,384,000-696,000764,000774,000
Other Short Term Loans 00000000000000
Long term loans00-179,000,0004,361,0004,436,0003,729,0003,422,0003,678,000159,374,00000000
Hire Purchase and Lease Commitments-16,666,000361,215,000-58,000424,0000000000000
other long term liabilities00000000000000
share issue-424,000-21,534,00037,751,000-1,055,000-686,0001,936,000-845,0007,026,0000000025,673,000
interest-22,082,000-8,951,0001,014,000-1,224,000-2,270,000-3,044,000-4,227,000-5,484,000-3,483,000-982,000-539,000-33,000-42,00073,000
cash flow from financing-23,617,000174,796,000-151,821,00038,844,00021,020,00025,373,000-18,662,00087,533,000213,871,000-2,765,000845,000-729,000722,00026,520,000
cash and cash equivalents
cash-29,843,00028,347,000-32,069,0006,434,0005,802,0001,696,00036,118,0001,076,000-4,080,000-4,400,000-1,765,000-2,375,0008,974,00013,397,000
overdraft000-38,740,000915,00021,898,00015,927,0000000000
change in cash-29,843,00028,347,000-32,069,00045,174,0004,887,000-20,202,00020,191,0001,076,000-4,080,000-4,400,000-1,765,000-2,375,0008,974,00013,397,000

P&L

June 2023

turnover

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 2023

net 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

49

accounts

Full Accounts

ultimate parent company

BESTWAY GROUP LTD

previous names

bestway cash & carry limited (October 2015)

incorporated

UK

address

2 abbey road, london, NW10 7BW

last accounts submitted

June 2023

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.

charges

bestway wholesale limited Companies House Filings - See Documents

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