braces bakery limited
braces bakery limited Company Information
Company Number
01223575
Next Accounts
Jun 2025
Shareholders
mr jonathan colin brace
mr norman mark brace
Group Structure
View All
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered Address
cambrian house, parkway, pen-y-fan industrial es, newport, gwent, NP11 3EF
Website
www.bracesbakery.co.ukbraces bakery limited Estimated Valuation
Pomanda estimates the enterprise value of BRACES BAKERY LIMITED at £32.7m based on a Turnover of £37.1m and 0.88x industry multiple (adjusted for size and gross margin).
braces bakery limited Estimated Valuation
Pomanda estimates the enterprise value of BRACES BAKERY LIMITED at £14.8m based on an EBITDA of £2.3m and a 6.43x industry multiple (adjusted for size and gross margin).
braces bakery limited Estimated Valuation
Pomanda estimates the enterprise value of BRACES BAKERY LIMITED at £16.9m based on Net Assets of £8.2m and 2.08x industry multiple (adjusted for liquidity).
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Braces Bakery Limited Overview
Braces Bakery Limited is a live company located in newport, NP11 3EF with a Companies House number of 01223575. It operates in the manufacture of bread sector, SIC Code 10710. Founded in August 1975, it's largest shareholder is mr jonathan colin brace with a 50% stake. Braces Bakery Limited is a mature, large sized company, Pomanda has estimated its turnover at £37.1m with healthy growth in recent years.
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Braces Bakery Limited Health Check
Pomanda's financial health check has awarded Braces Bakery Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £37.1m, make it larger than the average company (£15.1m)
£37.1m - Braces Bakery Limited
£15.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.3%)
11% - Braces Bakery Limited
7.3% - Industry AVG
Production
with a gross margin of 22.9%, this company has a comparable cost of product (27.4%)
22.9% - Braces Bakery Limited
27.4% - Industry AVG
Profitability
an operating margin of 3.6% make it more profitable than the average company (2.9%)
3.6% - Braces Bakery Limited
2.9% - Industry AVG
Employees
with 285 employees, this is above the industry average (175)
285 - Braces Bakery Limited
175 - Industry AVG
Pay Structure
on an average salary of £33.2k, the company has an equivalent pay structure (£29.9k)
£33.2k - Braces Bakery Limited
£29.9k - Industry AVG
Efficiency
resulting in sales per employee of £130.2k, this is more efficient (£102.2k)
£130.2k - Braces Bakery Limited
£102.2k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (41 days)
34 days - Braces Bakery Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (43 days)
51 days - Braces Bakery Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (25 days)
8 days - Braces Bakery Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (9 weeks)
3 weeks - Braces Bakery Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.5%, this is a similar level of debt than the average (57.8%)
54.5% - Braces Bakery Limited
57.8% - Industry AVG
BRACES BAKERY LIMITED financials
Braces Bakery Limited's latest turnover from September 2023 is £37.1 million and the company has net assets of £8.2 million. According to their latest financial statements, Braces Bakery Limited has 285 employees and maintains cash reserves of £389.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 37,109,409 | 30,529,866 | 26,961,305 | 26,987,242 | 24,991,915 | 22,188,952 | 27,407,299 | 29,545,906 | 32,833,000 | 34,375,000 | 35,930,000 | 35,393,000 | 31,969,000 | 30,495,681 | 32,954,364 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 28,599,075 | 23,976,496 | 20,518,592 | 18,629,444 | 16,548,117 | 15,029,159 | 19,115,227 | 20,433,282 | 23,875,000 | 25,225,000 | 25,911,000 | 25,504,000 | 23,044,000 | 17,570,722 | 18,955,847 |
| Gross Profit | 8,510,334 | 6,553,370 | 6,442,713 | 8,357,798 | 8,443,798 | 7,159,793 | 8,292,072 | 9,112,624 | 8,958,000 | 9,150,000 | 10,019,000 | 9,889,000 | 8,925,000 | 12,924,959 | 13,998,517 |
| Admin Expenses | 7,178,470 | 6,446,586 | 5,872,190 | 6,406,543 | 7,384,040 | 7,326,592 | 8,502,731 | 9,845,188 | 10,952,000 | 8,023,000 | 8,636,000 | 8,758,000 | 11,082,000 | 12,131,508 | 12,944,623 |
| Operating Profit | 1,331,864 | 106,784 | 570,523 | 1,951,255 | 1,059,758 | -166,799 | -210,659 | -732,564 | -1,994,000 | 1,127,000 | 1,383,000 | 1,131,000 | -2,157,000 | 793,451 | 1,053,894 |
| Interest Payable | 222,404 | 108,981 | 43,371 | 50,797 | 79,710 | 82,817 | 105,810 | 119,088 | 125,000 | 130,000 | 176,000 | 196,000 | 159,000 | 85,120 | 149,829 |
| Interest Receivable | 427 | 49 | 2,463 | 2,434 | 139 | 2,000 | 5,000 | 7,000 | 4,000 | 16,000 | 12,975 | 16,425 | |||
| Pre-Tax Profit | 1,109,887 | -2,197 | 527,201 | 1,900,458 | 982,511 | -247,182 | 243,134 | -531,227 | -2,117,000 | 1,002,000 | 1,214,000 | 939,000 | -2,300,000 | 721,306 | 920,490 |
| Tax | -290,319 | 133,008 | -13,974 | -359,866 | -179,099 | 28,329 | -38,698 | 287,649 | 526,000 | -209,000 | -336,000 | 149,000 | -196,000 | -340,831 | -410,595 |
| Profit After Tax | 819,568 | 130,811 | 513,227 | 1,540,592 | 803,412 | -218,853 | 204,436 | -243,578 | -1,591,000 | 793,000 | 878,000 | 1,088,000 | -2,496,000 | 380,475 | 509,895 |
| Dividends Paid | 844,920 | 660,001 | 360,000 | 660,000 | 186,009 | 27,000 | 36,000 | 36,000 | 36,000 | 18,000 | 27,000 | ||||
| Retained Profit | -25,352 | -529,190 | 153,227 | 880,592 | 617,403 | -218,853 | 204,436 | -243,578 | -1,618,000 | 757,000 | 842,000 | 1,088,000 | -2,532,000 | 362,475 | 482,895 |
| Employee Costs | 9,460,914 | 8,714,439 | 7,948,198 | 7,550,785 | 7,721,929 | 7,489,803 | 8,347,661 | 8,993,493 | 9,626,000 | 9,068,000 | 9,679,000 | 10,016,000 | 10,621,000 | 11,500,355 | 12,581,631 |
| Number Of Employees | 285 | 283 | 265 | 239 | 257 | 274 | 275 | 285 | 319 | 294 | 305 | 337 | 355 | 330 | 334 |
| EBITDA* | 2,299,245 | 919,170 | 1,002,793 | 2,290,572 | 1,545,745 | 629,395 | 1,314,538 | 996,209 | -157,000 | 1,477,000 | 3,162,000 | 2,941,000 | 135,000 | 3,054,574 | 3,104,681 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,616,715 | 12,381,554 | 10,928,408 | 6,831,891 | 5,694,478 | 5,977,523 | 6,288,126 | 8,288,285 | 9,356,000 | 10,969,000 | 11,434,000 | 10,985,000 | 12,253,000 | 9,471,929 | 10,383,969 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 200,000 | 200,750 | 200,750 | 125,750 | 1,100,750 | 186,295 | 220,050 | 71,000 | |||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 12,816,715 | 12,582,304 | 11,129,158 | 6,957,641 | 6,795,228 | 5,977,523 | 6,474,421 | 8,508,335 | 9,427,000 | 10,969,000 | 11,434,000 | 10,985,000 | 12,253,000 | 9,471,929 | 10,383,969 |
| Stock & work in progress | 666,146 | 586,664 | 671,880 | 494,790 | 499,200 | 420,606 | 315,633 | 278,245 | 382,000 | 395,000 | 403,000 | 371,000 | 417,000 | 369,695 | 301,377 |
| Trade Debtors | 3,496,678 | 3,250,928 | 3,043,047 | 3,176,041 | 3,186,267 | 3,242,174 | 3,548,039 | 3,491,752 | 4,049,000 | 4,639,000 | 4,087,000 | 4,029,000 | 3,751,000 | 3,481,497 | 3,582,459 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 539,511 | 758,108 | 817,101 | 322,310 | 360,671 | 480,074 | 99,954 | 501,906 | 425,000 | 372,000 | 357,000 | 325,000 | 708,000 | 676,962 | 245,045 |
| Cash | 389,285 | 1,063 | 251,904 | 1,016,759 | 489,044 | 793,722 | 1,984,008 | 511,658 | 1,402,000 | 1,944,000 | 2,029,000 | 978,000 | 1,153,000 | 2,922,840 | 3,165,597 |
| misc current assets | |||||||||||||||
| total current assets | 5,091,620 | 4,596,763 | 4,783,932 | 5,009,900 | 4,535,182 | 4,936,576 | 5,947,634 | 4,783,561 | 6,258,000 | 7,350,000 | 6,876,000 | 5,703,000 | 6,029,000 | 7,450,994 | 7,294,478 |
| total assets | 17,908,335 | 17,179,067 | 15,913,090 | 11,967,541 | 11,330,410 | 10,914,099 | 12,422,055 | 13,291,896 | 15,685,000 | 18,319,000 | 18,310,000 | 16,688,000 | 18,282,000 | 16,922,923 | 17,678,447 |
| Bank overdraft | 491,563 | 835,682 | 1,160,711 | 223,173 | 1,223,122 | 223,122 | 223,169 | 235,613 | 223,000 | 799,000 | 430,166 | 32,138 | |||
| Bank loan | 510,000 | 511,000 | 425,000 | 277,975 | |||||||||||
| Trade Creditors | 4,025,604 | 3,208,311 | 2,715,449 | 2,625,836 | 2,442,329 | 2,018,616 | 2,592,157 | 2,343,907 | 3,125,000 | 3,121,000 | 3,211,000 | 2,321,000 | 3,279,000 | 2,290,074 | 2,348,218 |
| Group/Directors Accounts | 750 | 750 | 750 | 750 | 262,865 | 258,318 | 303,836 | 25,000 | |||||||
| other short term finances | 108,000 | 102,000 | 187,000 | 434,000 | |||||||||||
| hp & lease commitments | 438,033 | 372,193 | 308,364 | 161,009 | 142,962 | 284,491 | 420,100 | 543,322 | 430,000 | 256,000 | 198,000 | 393,000 | 531,000 | 512,576 | 573,571 |
| other current liabilities | 1,300,198 | 1,270,415 | 1,188,302 | 1,335,735 | 1,059,045 | 981,326 | 1,173,915 | 1,637,826 | 2,561,000 | 2,932,000 | 3,188,000 | 2,552,000 | 3,639,000 | 4,540,951 | 4,812,208 |
| total current liabilities | 6,255,398 | 5,687,351 | 5,373,576 | 4,346,503 | 4,868,208 | 3,770,420 | 4,667,659 | 5,064,504 | 6,472,000 | 7,210,000 | 7,294,000 | 6,211,000 | 7,874,000 | 7,773,767 | 8,044,110 |
| loans | 2,313,366 | 2,532,740 | 989,791 | 866,595 | 1,091,070 | 1,314,243 | 1,558,559 | 1,860,554 | 2,409,000 | 2,765,000 | 3,639,000 | 3,712,000 | 4,259,000 | 785,850 | 961,631 |
| hp & lease commitments | 665,976 | 832,603 | 892,637 | 314,607 | 86,180 | 149,405 | 296,953 | 672,390 | 820,000 | 492,000 | 222,000 | 405,000 | 561,000 | 543,922 | 1,068,422 |
| Accruals and Deferred Income | 50,000 | 63,000 | 50,000 | ||||||||||||
| other liabilities | |||||||||||||||
| provisions | 523,272 | 232,953 | 338,315 | 274,292 | 46,000 | 330,000 | 377,000 | 437,000 | 690,000 | 485,373 | 632,748 | ||||
| total long term liabilities | 3,502,614 | 3,598,296 | 2,220,743 | 1,455,494 | 1,177,250 | 1,463,648 | 1,855,512 | 2,532,944 | 3,275,000 | 3,637,000 | 4,301,000 | 4,604,000 | 5,510,000 | 1,815,145 | 2,662,801 |
| total liabilities | 9,758,012 | 9,285,647 | 7,594,319 | 5,801,997 | 6,045,458 | 5,234,068 | 6,523,171 | 7,597,448 | 9,747,000 | 10,847,000 | 11,595,000 | 10,815,000 | 13,384,000 | 9,588,912 | 10,706,911 |
| net assets | 8,150,323 | 7,893,420 | 8,318,771 | 6,165,544 | 5,284,952 | 5,680,031 | 5,898,884 | 5,694,448 | 5,938,000 | 7,472,000 | 6,715,000 | 5,873,000 | 4,898,000 | 7,334,011 | 6,971,536 |
| total shareholders funds | 8,150,323 | 7,893,420 | 8,318,771 | 6,165,544 | 5,284,952 | 5,680,031 | 5,898,884 | 5,694,448 | 5,938,000 | 7,472,000 | 6,715,000 | 5,873,000 | 4,898,000 | 7,334,011 | 6,971,536 |
| Sep 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,331,864 | 106,784 | 570,523 | 1,951,255 | 1,059,758 | -166,799 | -210,659 | -732,564 | -1,994,000 | 1,127,000 | 1,383,000 | 1,131,000 | -2,157,000 | 793,451 | 1,053,894 |
| Depreciation | 967,381 | 812,386 | 432,270 | 339,317 | 485,987 | 796,194 | 1,525,197 | 1,728,773 | 1,837,000 | 350,000 | 1,779,000 | 1,810,000 | 2,292,000 | 2,261,123 | 2,050,787 |
| Amortisation | |||||||||||||||
| Tax | -290,319 | 133,008 | -13,974 | -359,866 | -179,099 | 28,329 | -38,698 | 287,649 | 526,000 | -209,000 | -336,000 | 149,000 | -196,000 | -340,831 | -410,595 |
| Stock | 79,482 | -85,216 | 177,090 | -4,410 | 78,594 | 104,973 | 37,388 | -103,755 | -13,000 | -8,000 | 32,000 | -46,000 | 47,305 | 68,318 | 301,377 |
| Debtors | 27,153 | 148,888 | 361,797 | -48,587 | -175,310 | 74,255 | -345,665 | -480,342 | -537,000 | 567,000 | 90,000 | -105,000 | 300,541 | 330,955 | 3,827,504 |
| Creditors | 817,293 | 492,862 | 89,613 | 183,507 | 423,713 | -573,541 | 248,250 | -781,093 | 4,000 | -90,000 | 890,000 | -958,000 | 988,926 | -58,144 | 2,348,218 |
| Accruals and Deferred Income | 29,783 | 82,113 | -147,433 | 276,690 | 77,719 | -192,589 | -463,911 | -923,174 | -421,000 | -269,000 | 649,000 | -1,037,000 | -901,951 | -271,257 | 4,812,208 |
| Deferred Taxes & Provisions | 290,319 | -105,362 | 64,023 | 274,292 | -46,000 | -284,000 | -47,000 | -60,000 | -253,000 | 204,627 | -147,375 | 632,748 | |||
| Cash flow from operations | 3,039,686 | 1,458,119 | 456,135 | 2,718,192 | 1,964,794 | -287,634 | 1,368,456 | 117,688 | 218,000 | 303,000 | 4,183,000 | 993,000 | -117,244 | 1,837,694 | 6,358,379 |
| Investing Activities | |||||||||||||||
| capital expenditure | -315,050 | 1,034,427 | -340,165 | -1,571,000 | -1,230,000 | -2,114,000 | -506,000 | -4,276,000 | -1,348,622 | -1,496,501 | |||||
| Change in Investments | -750 | 75,000 | -975,000 | 1,100,750 | -186,295 | -33,755 | 149,050 | 71,000 | |||||||
| cash flow from investments | 750 | -75,000 | 975,000 | -1,100,750 | -128,755 | 1,068,182 | -489,215 | -1,642,000 | -1,230,000 | -2,114,000 | -506,000 | -4,276,000 | -1,348,622 | -1,496,501 | |
| Financing Activities | |||||||||||||||
| Bank loans | -510,000 | -1,000 | 86,000 | 425,000 | -277,975 | 277,975 | |||||||||
| Group/Directors Accounts | -750 | -262,115 | 4,547 | -45,518 | 278,836 | 25,000 | |||||||||
| Other Short Term Loans | -108,000 | 6,000 | -85,000 | -247,000 | 434,000 | ||||||||||
| Long term loans | -219,374 | 1,542,949 | 123,196 | -224,475 | -223,173 | -244,316 | -301,995 | -548,446 | -356,000 | -874,000 | -73,000 | -547,000 | 3,473,150 | -175,781 | 961,631 |
| Hire Purchase and Lease Commitments | -100,787 | 3,795 | 725,385 | 246,474 | -204,754 | -283,157 | -498,659 | -34,288 | 502,000 | 328,000 | -378,000 | -294,000 | 35,502 | -585,495 | 1,641,993 |
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -221,977 | -108,981 | -43,322 | -50,797 | -77,247 | -80,383 | -105,671 | -119,088 | -123,000 | -125,000 | -169,000 | -192,000 | -143,000 | -72,145 | -133,404 |
| cash flow from financing | -260,633 | 1,541,602 | 2,805,259 | -28,798 | -1,779,771 | -603,309 | -951,843 | -530,960 | 138,000 | -1,266,000 | -868,000 | -626,000 | 3,886,641 | -1,111,396 | 9,236,836 |
| cash and cash equivalents | |||||||||||||||
| cash | 388,222 | -250,841 | -764,855 | 527,715 | -304,678 | -1,190,286 | 1,472,350 | -890,342 | -542,000 | -85,000 | 1,051,000 | -175,000 | -1,769,840 | -242,757 | 3,165,597 |
| overdraft | -344,119 | -325,029 | 937,538 | -999,949 | 1,000,000 | -47 | -12,444 | 12,613 | -576,000 | 799,000 | -430,166 | 398,028 | 32,138 | ||
| change in cash | 732,341 | 74,188 | -1,702,393 | 1,527,664 | -1,304,678 | -1,190,239 | 1,484,794 | -902,955 | 34,000 | -884,000 | 1,051,000 | -175,000 | -1,339,674 | -640,785 | 3,133,459 |
braces bakery limited Credit Report and Business Information
Braces Bakery Limited Competitor Analysis
Perform a competitor analysis for braces bakery limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NP11 area or any other competitors across 12 key performance metrics.
braces bakery limited Ownership
BRACES BAKERY LIMITED group structure
Braces Bakery Limited has no subsidiary companies.
Ultimate parent company
BRACES BAKERY LIMITED
01223575
braces bakery limited directors
Braces Bakery Limited currently has 3 directors. The longest serving directors include Mr Jonathan Brace (Jul 1986) and Mr Norman Brace (Apr 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Brace | Wales | 62 years | Jul 1986 | - | Director |
| Mr Norman Brace | Wales | 67 years | Apr 1992 | - | Director |
| Mr Jonathan Brace | 61 years | Apr 1992 | - | Director |
P&L
September 2023turnover
37.1m
+22%
operating profit
1.3m
+1147%
gross margin
23%
+6.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
8.2m
+0.03%
total assets
17.9m
+0.04%
cash
389.3k
+365.21%
net assets
Total assets minus all liabilities
braces bakery limited company details
company number
01223575
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
August 1975
age
50
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
e. brace and partners limited (March 2004)
accountant
-
auditor
KILSBY WILLIAMS LLP
address
cambrian house, parkway, pen-y-fan industrial es, newport, gwent, NP11 3EF
Bank
HSBC BANK PLC
Legal Advisor
-
braces bakery 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 18 charges/mortgages relating to braces bakery limited. Currently there are 11 open charges and 7 have been satisfied in the past.
braces bakery limited Capital Raised & Share Issues BETA
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braces bakery limited Companies House Filings - See Documents
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