deeside cereals i ltd
deeside cereals i ltd Company Information
Company Number
01246878
Website
http://dailycer-uk.comRegistered Address
weetabix mills burton latimer, kettering, NN15 5JR
Industry
Manufacture of breakfast cereals and cereals-based foods
Telephone
01244289188
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
wellbeing bidco limited 100%
deeside cereals i ltd Estimated Valuation
Pomanda estimates the enterprise value of DEESIDE CEREALS I LTD at £48m based on a Turnover of £25.5m and 1.88x industry multiple (adjusted for size and gross margin).
deeside cereals i ltd Estimated Valuation
Pomanda estimates the enterprise value of DEESIDE CEREALS I LTD at £0 based on an EBITDA of £-4.4m and a 13.2x industry multiple (adjusted for size and gross margin).
deeside cereals i ltd Estimated Valuation
Pomanda estimates the enterprise value of DEESIDE CEREALS I LTD at £32.3m based on Net Assets of £11.2m and 2.88x industry multiple (adjusted for liquidity).
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Deeside Cereals I Ltd Overview
Deeside Cereals I Ltd is a live company located in kettering, NN15 5JR with a Companies House number of 01246878. It operates in the manufacture of breakfast cereals and cereals-based food sector, SIC Code 10612. Founded in March 1976, it's largest shareholder is wellbeing bidco limited with a 100% stake. Deeside Cereals I Ltd is a mature, large sized company, Pomanda has estimated its turnover at £25.5m with declining growth in recent years.
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Deeside Cereals I Ltd Health Check
Pomanda's financial health check has awarded Deeside Cereals I Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £25.5m, make it larger than the average company (£19.7m)
£25.5m - Deeside Cereals I Ltd
£19.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.9%)
-11% - Deeside Cereals I Ltd
3.9% - Industry AVG
Production
with a gross margin of 38.9%, this company has a lower cost of product (22.8%)
38.9% - Deeside Cereals I Ltd
22.8% - Industry AVG
Profitability
an operating margin of -22.4% make it less profitable than the average company (2.5%)
-22.4% - Deeside Cereals I Ltd
2.5% - Industry AVG
Employees
with 147 employees, this is above the industry average (59)
147 - Deeside Cereals I Ltd
59 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£40.6k)
£38.2k - Deeside Cereals I Ltd
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £173.2k, this is less efficient (£237.5k)
£173.2k - Deeside Cereals I Ltd
£237.5k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (61 days)
61 days - Deeside Cereals I Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (47 days)
85 days - Deeside Cereals I Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 65 days, this is more than average (36 days)
65 days - Deeside Cereals I Ltd
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (2 weeks)
0 weeks - Deeside Cereals I Ltd
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64%, this is a similar level of debt than the average (60.9%)
64% - Deeside Cereals I Ltd
60.9% - Industry AVG
DEESIDE CEREALS I LTD financials
Deeside Cereals I Ltd's latest turnover from April 2023 is £25.5 million and the company has net assets of £11.2 million. According to their latest financial statements, Deeside Cereals I Ltd has 147 employees and maintains cash reserves of £200 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 25,460,000 | 28,944,000 | 33,275,000 | 35,526,000 | 29,666,000 | 30,831,000 | 34,413,000 | 32,449,000 | 27,392,000 | 26,837,000 | 39,446,000 | 36,771,000 | 31,211,000 | 32,579,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 15,567,000 | 15,458,000 | 17,931,000 | 18,373,000 | 14,946,000 | 15,248,000 | 20,131,000 | 18,419,000 | 15,835,000 | 16,028,000 | 26,328,000 | 24,934,000 | 18,348,000 | 24,111,000 |
| Gross Profit | 9,893,000 | 13,486,000 | 15,344,000 | 17,153,000 | 14,720,000 | 15,583,000 | 14,282,000 | 14,030,000 | 11,557,000 | 10,809,000 | 13,118,000 | 11,837,000 | 12,863,000 | 8,468,000 |
| Admin Expenses | 15,591,000 | 16,475,000 | 16,140,000 | 17,934,000 | 15,971,000 | 15,422,000 | 16,040,000 | 14,337,000 | 12,599,000 | 11,468,000 | -1,256,000 | 17,224,000 | 16,503,000 | 16,245,000 |
| Operating Profit | -5,698,000 | -2,989,000 | -796,000 | -781,000 | -1,251,000 | 161,000 | -1,758,000 | -307,000 | -1,042,000 | -659,000 | 14,374,000 | -5,387,000 | -3,640,000 | -7,777,000 |
| Interest Payable | 405,000 | 509,000 | 456,000 | 901,000 | 586,000 | 509,000 | 496,000 | 274,000 | 163,000 | 119,000 | 1,696,000 | 1,708,000 | 2,199,000 | 2,149,000 |
| Interest Receivable | 53,000 | 161,000 | 150,000 | 91,000 | 11,000 | 0 | 0 | 1,000 | 2,000 | 0 | 1,762,000 | 1,563,000 | 1,558,000 | 1,246,000 |
| Pre-Tax Profit | -6,050,000 | -3,337,000 | -1,102,000 | -1,591,000 | -1,826,000 | -384,000 | -2,196,000 | -448,000 | -1,016,000 | -575,000 | 14,440,000 | -5,532,000 | -4,281,000 | -8,680,000 |
| Tax | 0 | 0 | 125,000 | 675,000 | 13,000 | 89,000 | -236,000 | 52,000 | -88,000 | -129,000 | 0 | 0 | 0 | 0 |
| Profit After Tax | -6,050,000 | -3,337,000 | -977,000 | -916,000 | -1,813,000 | -295,000 | -2,432,000 | -396,000 | -1,104,000 | -704,000 | 14,440,000 | -5,532,000 | -4,281,000 | -8,680,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -6,050,000 | -3,337,000 | -977,000 | -916,000 | -1,813,000 | -295,000 | -2,432,000 | -396,000 | -1,104,000 | -704,000 | 14,440,000 | -5,532,000 | -4,281,000 | -8,680,000 |
| Employee Costs | 5,617,000 | 6,792,000 | 6,198,000 | 6,689,000 | 6,398,000 | 5,746,000 | 5,490,000 | 5,231,000 | 4,863,000 | 4,599,000 | 6,041,000 | 5,797,000 | 5,149,000 | 5,987,000 |
| Number Of Employees | 147 | 186 | 183 | 185 | 176 | 162 | 159 | 159 | 146 | 140 | 149 | 167 | 160 | 174 |
| EBITDA* | -4,432,000 | -1,770,000 | 578,000 | 659,000 | 557,000 | 2,020,000 | 86,000 | 897,000 | 227,000 | 837,000 | 16,423,000 | 5,834,000 | -1,169,000 | -5,509,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,150,000 | 8,404,000 | 9,452,000 | 10,580,000 | 10,580,000 | 11,530,000 | 12,092,000 | 13,362,000 | 10,420,000 | 8,021,000 | 7,340,000 | 9,171,000 | 10,674,000 | 13,207,000 |
| Intangible Assets | 0 | 0 | 0 | 109,000 | 217,000 | 327,000 | 435,000 | 543,000 | 324,000 | 0 | 0 | 0 | 2,550,000 | 2,975,000 |
| Investments & Other | 11,680,000 | 12,277,000 | 8,095,000 | 7,261,000 | 3,812,000 | 3,722,000 | 3,056,000 | 4,682,000 | 4,005,000 | 4,246,000 | 0 | 1,626,000 | 1,672,000 | 530,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,830,000 | 20,681,000 | 17,547,000 | 17,950,000 | 14,609,000 | 15,579,000 | 15,583,000 | 18,587,000 | 14,749,000 | 12,267,000 | 7,340,000 | 10,797,000 | 14,896,000 | 16,712,000 |
| Stock & work in progress | 2,778,000 | 3,151,000 | 3,335,000 | 3,312,000 | 3,469,000 | 2,646,000 | 2,842,000 | 3,230,000 | 3,142,000 | 3,040,000 | 2,598,000 | 3,044,000 | 3,244,000 | 3,199,000 |
| Trade Debtors | 4,279,000 | 3,750,000 | 4,007,000 | 4,174,000 | 3,843,000 | 4,226,000 | 3,895,000 | 4,228,000 | 3,425,000 | 3,183,000 | 3,340,000 | 4,273,000 | 2,915,000 | 3,056,000 |
| Group Debtors | 2,169,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 950,000 | 542,000 | 965,000 |
| Misc Debtors | 842,000 | 439,000 | 738,000 | 738,000 | 257,000 | 382,000 | 433,000 | 833,000 | 438,000 | 363,000 | 651,000 | 1,105,000 | 868,000 | 1,234,000 |
| Cash | 200,000 | 228,000 | 1,180,000 | 159,000 | 515,000 | 1,060,000 | 646,000 | 591,000 | 1,193,000 | 393,000 | 477,000 | 409,000 | 583,000 | 1,136,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,268,000 | 7,568,000 | 9,260,000 | 8,383,000 | 8,084,000 | 8,314,000 | 7,816,000 | 8,882,000 | 8,198,000 | 6,979,000 | 7,066,000 | 9,781,000 | 8,152,000 | 9,590,000 |
| total assets | 31,098,000 | 28,249,000 | 26,807,000 | 26,333,000 | 22,693,000 | 23,893,000 | 23,399,000 | 27,469,000 | 22,947,000 | 19,246,000 | 14,406,000 | 20,578,000 | 23,048,000 | 26,302,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,394,000 | 1,361,000 | 1,121,000 | 1,200,000 | 0 | 0 | 1,810,000 | 1,881,000 | 1,321,000 | 0 |
| Bank loan | 4,112,000 | 0 | 741,000 | 127,000 | 0 | 0 | 0 | 0 | 600,000 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,651,000 | 2,821,000 | 3,277,000 | 3,665,000 | 2,878,000 | 2,830,000 | 3,295,000 | 4,907,000 | 2,763,000 | 2,557,000 | 2,098,000 | 1,777,000 | 1,590,000 | 2,406,000 |
| Group/Directors Accounts | 5,633,000 | 816,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,000 | 0 | 2,175,000 | 1,459,000 | 29,720,000 |
| other short term finances | 2,497,000 | 2,827,000 | 3,224,000 | 3,833,000 | 3,470,000 | 2,536,000 | 2,728,000 | 3,255,000 | 1,953,000 | 1,448,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 164,000 | 131,000 | 185,000 | 290,000 | 131,000 | 9,000 | 2,000 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 833,000 | 1,247,000 | 1,792,000 | 1,723,000 | 2,067,000 | 1,586,000 | 1,461,000 | 1,466,000 | 1,914,000 | 926,000 | 1,192,000 | 1,618,000 | 1,626,000 | 1,167,000 |
| total current liabilities | 16,890,000 | 7,842,000 | 9,219,000 | 9,638,000 | 9,940,000 | 8,322,000 | 8,607,000 | 10,830,000 | 7,232,000 | 4,953,000 | 5,100,000 | 7,451,000 | 5,996,000 | 33,293,000 |
| loans | 0 | 0 | 9,137,000 | 7,638,000 | 5,942,000 | 6,698,000 | 6,132,000 | 3,986,000 | 3,417,000 | 775,000 | 0 | 17,180,000 | 28,040,000 | 0 |
| hp & lease commitments | 82,000 | 281,000 | 445,000 | 633,000 | 154,000 | 11,000 | 0 | 2,000 | 4,000 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 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 | 0 | 0 | 0 | 0 |
| provisions | 2,920,000 | 3,169,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,002,000 | 3,450,000 | 9,582,000 | 8,271,000 | 6,096,000 | 6,709,000 | 6,132,000 | 3,988,000 | 3,421,000 | 775,000 | 0 | 17,180,000 | 28,040,000 | 0 |
| total liabilities | 19,892,000 | 11,292,000 | 18,801,000 | 17,909,000 | 16,036,000 | 15,031,000 | 14,739,000 | 14,818,000 | 10,653,000 | 5,728,000 | 5,100,000 | 24,631,000 | 34,036,000 | 33,293,000 |
| net assets | 11,206,000 | 16,957,000 | 8,006,000 | 8,424,000 | 6,657,000 | 8,862,000 | 8,660,000 | 12,651,000 | 12,294,000 | 13,518,000 | 9,306,000 | -4,053,000 | -10,988,000 | -6,991,000 |
| total shareholders funds | 11,206,000 | 16,957,000 | 8,006,000 | 8,424,000 | 6,657,000 | 8,862,000 | 8,660,000 | 12,651,000 | 12,294,000 | 13,518,000 | 9,306,000 | -4,053,000 | -10,988,000 | -6,991,000 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -5,698,000 | -2,989,000 | -796,000 | -781,000 | -1,251,000 | 161,000 | -1,758,000 | -307,000 | -1,042,000 | -659,000 | 14,374,000 | -5,387,000 | -3,640,000 | -7,777,000 |
| Depreciation | 1,266,000 | 1,219,000 | 1,265,000 | 1,332,000 | 1,698,000 | 1,751,000 | 1,736,000 | 1,204,000 | 1,269,000 | 1,496,000 | 2,049,000 | 1,904,000 | 2,046,000 | 1,843,000 |
| Amortisation | 0 | 0 | 109,000 | 108,000 | 110,000 | 108,000 | 108,000 | 0 | 0 | 9,317,000 | 425,000 | 425,000 | ||
| Tax | 0 | 0 | 125,000 | 675,000 | 13,000 | 89,000 | -236,000 | 52,000 | -88,000 | -129,000 | 0 | 0 | 0 | 0 |
| Stock | -373,000 | -184,000 | 23,000 | -157,000 | 823,000 | -196,000 | -388,000 | 88,000 | 102,000 | 442,000 | 2,598,000 | -200,000 | 45,000 | 3,199,000 |
| Debtors | 3,101,000 | -556,000 | -167,000 | 812,000 | -508,000 | 280,000 | -733,000 | 1,198,000 | 317,000 | -445,000 | 3,991,000 | 2,003,000 | -930,000 | 5,255,000 |
| Creditors | 830,000 | -456,000 | -388,000 | 787,000 | 48,000 | -465,000 | -1,612,000 | 2,144,000 | 206,000 | 459,000 | 2,098,000 | 187,000 | -816,000 | 2,406,000 |
| Accruals and Deferred Income | -414,000 | -545,000 | 69,000 | -344,000 | 481,000 | 125,000 | -5,000 | -448,000 | 988,000 | -266,000 | 1,192,000 | -8,000 | 459,000 | 1,167,000 |
| Deferred Taxes & Provisions | -249,000 | 3,169,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -6,993,000 | 1,138,000 | 528,000 | 1,122,000 | 784,000 | 1,685,000 | -646,000 | 1,359,000 | 13,124,000 | 4,210,000 | -641,000 | -10,390,000 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -748,000 | -1,161,000 | -492,000 | -4,077,000 | -3,766,000 | -101,000 | -210,000 | -586,000 | 487,000 | |||
| Change in Investments | -597,000 | 4,182,000 | 834,000 | 3,449,000 | 90,000 | 666,000 | -1,626,000 | 677,000 | -241,000 | 4,246,000 | 0 | -46,000 | 1,142,000 | 530,000 |
| cash flow from investments | -834,000 | -3,449,000 | -838,000 | -1,827,000 | 1,134,000 | -4,754,000 | -3,525,000 | -4,347,000 | -210,000 | -540,000 | -655,000 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 4,112,000 | -741,000 | 614,000 | 127,000 | 0 | 0 | 0 | -600,000 | 600,000 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,817,000 | 816,000 | 0 | 0 | 0 | 0 | 0 | 0 | -22,000 | 22,000 | 0 | 716,000 | -28,261,000 | 29,720,000 |
| Other Short Term Loans | -330,000 | -397,000 | -609,000 | 363,000 | 934,000 | -192,000 | -527,000 | 1,302,000 | 505,000 | 1,448,000 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -9,137,000 | 1,499,000 | 1,696,000 | -756,000 | 566,000 | 2,146,000 | 569,000 | 2,642,000 | 775,000 | 0 | -10,860,000 | 28,040,000 | 0 |
| Hire Purchase and Lease Commitments | -166,000 | -218,000 | -293,000 | 638,000 | 265,000 | 18,000 | -2,000 | -2,000 | 6,000 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -352,000 | -348,000 | -306,000 | -810,000 | -575,000 | -509,000 | -496,000 | -273,000 | -161,000 | -119,000 | 66,000 | -145,000 | -641,000 | -903,000 |
| cash flow from financing | 8,380,000 | 2,263,000 | 1,464,000 | 4,697,000 | -524,000 | 380,000 | -438,000 | 1,749,000 | 3,450,000 | 7,042,000 | -5,068,000 | 2,178,000 | -578,000 | 30,506,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -28,000 | -952,000 | 1,021,000 | -356,000 | -545,000 | 414,000 | 55,000 | -602,000 | 800,000 | -84,000 | 477,000 | -174,000 | -553,000 | 1,136,000 |
| overdraft | 0 | 0 | 0 | -1,394,000 | 33,000 | 240,000 | -79,000 | 1,200,000 | 0 | -1,810,000 | 1,810,000 | 560,000 | 1,321,000 | 0 |
| change in cash | -28,000 | -952,000 | 1,021,000 | 1,038,000 | -578,000 | 174,000 | 134,000 | -1,802,000 | 800,000 | 1,726,000 | -1,333,000 | -734,000 | -1,874,000 | 1,136,000 |
deeside cereals i ltd Credit Report and Business Information
Deeside Cereals I Ltd Competitor Analysis
Perform a competitor analysis for deeside cereals i ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
deeside cereals i ltd Ownership
DEESIDE CEREALS I LTD group structure
Deeside Cereals I Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
DEESIDE CEREALS I LTD
01246878
1 subsidiary
deeside cereals i ltd directors
Deeside Cereals I Ltd currently has 2 directors. The longest serving directors include Mr Bruce Condon (Dec 2023) and Ms Sally Abbott (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Condon | England | 53 years | Dec 2023 | - | Director |
| Ms Sally Abbott | United Kingdom | 56 years | Dec 2023 | - | Director |
P&L
April 2023turnover
25.5m
-12%
operating profit
-5.7m
+91%
gross margin
38.9%
-16.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
11.2m
-0.34%
total assets
31.1m
+0.1%
cash
200k
-0.12%
net assets
Total assets minus all liabilities
Similar Companies
deeside cereals i ltd company details
company number
01246878
Type
Private limited with Share Capital
industry
10612 - Manufacture of breakfast cereals and cereals-based foods
incorporation date
March 1976
age
48
accounts
Full Accounts
ultimate parent company
previous names
dailycer uk limited (March 2017)
dailycer limited (December 2011)
See moreincorporated
UK
address
weetabix mills burton latimer, kettering, NN15 5JR
last accounts submitted
April 2023
deeside cereals i ltd 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 14 charges/mortgages relating to deeside cereals i ltd. Currently there are 1 open charges and 13 have been satisfied in the past.
deeside cereals i ltd Companies House Filings - See Documents
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