david magness farms limited
david magness farms limited Company Information
Company Number
01238737
Next Accounts
Jan 2026
Industry
Growing of cereals (except rice), leguminous crops and oil seeds
Shareholders
colin david magness
tina magness
Group Structure
View All
Contact
Registered Address
wieldbarns farm debden green, saffron walden, essex, CB11 3LU
Website
-david magness farms limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID MAGNESS FARMS LIMITED at £621.7k based on a Turnover of £1.1m and 0.57x industry multiple (adjusted for size and gross margin).
david magness farms limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID MAGNESS FARMS LIMITED at £793.7k based on an EBITDA of £210.9k and a 3.76x industry multiple (adjusted for size and gross margin).
david magness farms limited Estimated Valuation
Pomanda estimates the enterprise value of DAVID MAGNESS FARMS LIMITED at £2.2m based on Net Assets of £1.4m and 1.55x industry multiple (adjusted for liquidity).
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David Magness Farms Limited Overview
David Magness Farms Limited is a live company located in essex, CB11 3LU with a Companies House number of 01238737. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in December 1975, it's largest shareholder is colin david magness with a 90% stake. David Magness Farms Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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David Magness Farms Limited Health Check
Pomanda's financial health check has awarded David Magness Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£6.2m)
- David Magness Farms Limited
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.1%)
- David Magness Farms Limited
7.1% - Industry AVG
Production
with a gross margin of 30.5%, this company has a comparable cost of product (30.5%)
- David Magness Farms Limited
30.5% - Industry AVG
Profitability
an operating margin of 10.5% make it more profitable than the average company (7.7%)
- David Magness Farms Limited
7.7% - Industry AVG
Employees
with 7 employees, this is below the industry average (52)
7 - David Magness Farms Limited
52 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)
- David Magness Farms Limited
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £155k, this is equally as efficient (£165.6k)
- David Magness Farms Limited
£165.6k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (40 days)
- David Magness Farms Limited
40 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- David Magness Farms Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 116 days, this is more than average (93 days)
- David Magness Farms Limited
93 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (14 weeks)
34 weeks - David Magness Farms Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.9%, this is a lower level of debt than the average (43.3%)
28.9% - David Magness Farms Limited
43.3% - Industry AVG
DAVID MAGNESS FARMS LIMITED financials
David Magness Farms Limited's latest turnover from April 2024 is estimated at £1.1 million and the company has net assets of £1.4 million. According to their latest financial statements, David Magness Farms Limited has 7 employees and maintains cash reserves of £182.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 7 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,061,168 | 862,839 | 520,218 | 500,209 | 556,405 | 652,630 | 543,895 | 564,246 | 645,240 | 644,419 | 695,361 | 609,987 | 639,827 | 568,153 | 509,123 |
| Intangible Assets | 5,038 | 5,871 | 6,703 | 7,536 | 8,368 | 9,201 | 16,533 | 17,866 | 19,198 | 20,531 | 27,863 | 22,646 | 24,221 | 25,796 | 16,871 |
| Investments & Other | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 250,000 | 230,000 | 230,000 | 100,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,366,206 | 1,168,710 | 826,921 | 807,745 | 864,773 | 961,831 | 860,428 | 882,112 | 964,438 | 964,950 | 973,224 | 862,633 | 894,048 | 693,949 | 525,994 |
| Stock & work in progress | 241,625 | 216,154 | 135,208 | 189,090 | 158,307 | 107,712 | 104,151 | 94,560 | 99,882 | 94,965 | 94,479 | 108,758 | 140,893 | 130,825 | 101,796 |
| Trade Debtors | 156,793 | 208,209 | 136,468 | 87,258 | 147,585 | 123,878 | 114,456 | 103,054 | 66,143 | 89,283 | 80,788 | 206,747 | 93,983 | 124,722 | 82,263 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 23,183 | 29,321 | 36,512 | 15,537 | 22,165 | 14,911 | 10,990 | 17,804 | 24,818 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 182,828 | 179,174 | 138,810 | 226,528 | 139,554 | 142,219 | 108,582 | 70,663 | 58,516 | 155,297 | 120,961 | 129,882 | 51,177 | 94,842 | 221,913 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 604,429 | 632,858 | 446,998 | 518,413 | 467,611 | 388,720 | 338,179 | 286,081 | 249,359 | 339,545 | 296,228 | 445,387 | 286,053 | 350,389 | 405,972 |
| total assets | 1,970,635 | 1,801,568 | 1,273,919 | 1,326,158 | 1,332,384 | 1,350,551 | 1,198,607 | 1,168,193 | 1,213,797 | 1,304,495 | 1,269,452 | 1,308,020 | 1,180,101 | 1,044,338 | 931,966 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205,064 | 143,076 | 165,147 | 119,735 | 102,666 | 94,303 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 58,802 | 11,979 | 51,038 | 33,750 | 33,750 | 33,825 | 18,246 | 24,118 | 24,059 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 215,829 | 302,914 | 69,224 | 239,163 | 246,281 | 220,212 | 228,312 | 171,210 | 128,288 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 274,631 | 314,893 | 120,262 | 272,913 | 280,031 | 254,037 | 246,558 | 195,328 | 152,347 | 205,064 | 143,076 | 165,147 | 119,735 | 102,666 | 94,303 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 86,195 | 20,833 | 32,812 | 0 | 33,750 | 101,250 | 0 | 18,246 | 42,364 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 17,717 | 29,587 | 59,174 | 19,900 | 16,124 |
| provisions | 207,900 | 156,100 | 68,900 | 46,800 | 55,800 | 28,300 | 43,600 | 43,900 | 57,500 | 67,000 | 75,000 | 75,000 | 67,500 | 53,500 | 41,000 |
| total long term liabilities | 294,095 | 176,933 | 101,712 | 46,800 | 89,550 | 129,550 | 43,600 | 62,146 | 99,864 | 67,000 | 92,717 | 104,587 | 126,674 | 73,400 | 57,124 |
| total liabilities | 568,726 | 491,826 | 221,974 | 319,713 | 369,581 | 383,587 | 290,158 | 257,474 | 252,211 | 272,064 | 235,793 | 269,734 | 246,409 | 176,066 | 151,427 |
| net assets | 1,401,909 | 1,309,742 | 1,051,945 | 1,006,445 | 962,803 | 966,964 | 908,449 | 910,719 | 961,586 | 1,032,431 | 1,033,659 | 1,038,286 | 933,692 | 868,272 | 780,539 |
| total shareholders funds | 1,401,909 | 1,309,742 | 1,051,945 | 1,006,445 | 962,803 | 966,964 | 908,449 | 910,719 | 961,586 | 1,032,431 | 1,033,659 | 1,038,286 | 933,692 | 868,272 | 780,539 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 96,726 | 71,590 | 67,741 | 79,105 | 100,087 | 104,053 | 85,791 | 91,748 | 112,538 | 97,997 | 103,627 | 103,852 | 95,313 | 82,391 | 59,938 |
| Amortisation | 833 | 832 | 833 | 832 | 833 | 10,117 | 1,333 | 1,332 | 1,333 | 1,332 | 1,933 | 1,575 | 1,575 | 1,075 | 1,075 |
| Tax | |||||||||||||||
| Stock | 25,471 | 80,946 | -53,882 | 30,783 | 50,595 | 3,561 | 9,591 | -5,322 | 4,917 | 486 | -14,279 | -32,135 | 10,068 | 29,029 | 101,796 |
| Debtors | -57,554 | 64,550 | 70,185 | -66,955 | 30,961 | 13,343 | 4,588 | 29,897 | 1,678 | 8,495 | -125,959 | 112,764 | -30,739 | 42,459 | 82,263 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -205,064 | 61,988 | -22,071 | 45,412 | 17,069 | 8,363 | 94,303 |
| Accruals and Deferred Income | -87,085 | 233,690 | -169,939 | -7,118 | 26,069 | -8,100 | 57,102 | 42,922 | 128,288 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 51,800 | 87,200 | 22,100 | -9,000 | 27,500 | -15,300 | -300 | -13,600 | -9,500 | -8,000 | 0 | 7,500 | 14,000 | 12,500 | 41,000 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 20,000 | 0 | 130,000 | 100,000 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 112,185 | -51,038 | 50,100 | -33,750 | -67,575 | 116,829 | -24,118 | -24,059 | 66,423 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,717 | -11,870 | -29,587 | 39,274 | 3,776 | 16,124 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 3,654 | 40,364 | -87,718 | 86,974 | -2,665 | 33,637 | 37,919 | 12,147 | -96,781 | 34,336 | -8,921 | 78,705 | -43,665 | -127,071 | 221,913 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,654 | 40,364 | -87,718 | 86,974 | -2,665 | 33,637 | 37,919 | 12,147 | -96,781 | 34,336 | -8,921 | 78,705 | -43,665 | -127,071 | 221,913 |
david magness farms limited Credit Report and Business Information
David Magness Farms Limited Competitor Analysis
Perform a competitor analysis for david magness farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in CB11 area or any other competitors across 12 key performance metrics.
david magness farms limited Ownership
DAVID MAGNESS FARMS LIMITED group structure
David Magness Farms Limited has no subsidiary companies.
Ultimate parent company
DAVID MAGNESS FARMS LIMITED
01238737
david magness farms limited directors
David Magness Farms Limited currently has 2 directors. The longest serving directors include Mr Colin Magness (Dec 1991) and Mr Thomas Magness (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Magness | England | 61 years | Dec 1991 | - | Director |
| Mr Thomas Magness | 34 years | Jun 2020 | - | Director |
P&L
April 2024turnover
1.1m
-18%
operating profit
113.4k
0%
gross margin
30.5%
-3.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
1.4m
+0.07%
total assets
2m
+0.09%
cash
182.8k
+0.02%
net assets
Total assets minus all liabilities
david magness farms limited company details
company number
01238737
Type
Private limited with Share Capital
industry
01110 - Growing of cereals (except rice), leguminous crops and oil seeds
incorporation date
December 1975
age
49
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
FISHER MICHAEL
auditor
-
address
wieldbarns farm debden green, saffron walden, essex, CB11 3LU
Bank
-
Legal Advisor
-
david magness farms 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 david magness farms limited.
david magness farms 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.
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david magness farms limited Companies House Filings - See Documents
| date | description | view/download |
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