provimi limited
provimi limited Company Information
Company Number
01262691
Website
www.provimi.co.ukRegistered Address
dalton airfield industrial estat, dalton, thirsk, north yorkshire, YO7 3HE
Industry
Manufacture of prepared feeds for farm animals
Telephone
01845578125
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
cargill plc 100%
provimi limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIMI LIMITED at £44.7m based on a Turnover of £66m and 0.68x industry multiple (adjusted for size and gross margin).
provimi limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIMI LIMITED at £1.8m based on an EBITDA of £293k and a 6.28x industry multiple (adjusted for size and gross margin).
provimi limited Estimated Valuation
Pomanda estimates the enterprise value of PROVIMI LIMITED at £13m based on Net Assets of £9.6m and 1.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Provimi Limited Overview
Provimi Limited is a live company located in thirsk, YO7 3HE with a Companies House number of 01262691. It operates in the manufacture of prepared feeds for farm animals sector, SIC Code 10910. Founded in June 1976, it's largest shareholder is cargill plc with a 100% stake. Provimi Limited is a mature, large sized company, Pomanda has estimated its turnover at £66m with healthy growth in recent years.
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Provimi Limited Health Check
Pomanda's financial health check has awarded Provimi Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £66m, make it larger than the average company (£49.2m)
£66m - Provimi Limited
£49.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (9.5%)
15% - Provimi Limited
9.5% - Industry AVG
Production
with a gross margin of 10.9%, this company has a comparable cost of product (12.5%)
10.9% - Provimi Limited
12.5% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (3%)
-0.7% - Provimi Limited
3% - Industry AVG
Employees
with 99 employees, this is above the industry average (74)
99 - Provimi Limited
74 - Industry AVG
Pay Structure
on an average salary of £58.7k, the company has a higher pay structure (£42.5k)
£58.7k - Provimi Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £666.2k, this is equally as efficient (£690.4k)
£666.2k - Provimi Limited
£690.4k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (45 days)
31 days - Provimi Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (34 days)
40 days - Provimi Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 61 days, this is more than average (25 days)
61 days - Provimi Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Provimi Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.7%, this is a higher level of debt than the average (57%)
65.7% - Provimi Limited
57% - Industry AVG
PROVIMI LIMITED financials
Provimi Limited's latest turnover from May 2023 is £66 million and the company has net assets of £9.6 million. According to their latest financial statements, Provimi Limited has 99 employees and maintains cash reserves of £145 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 65,957,000 | 62,655,000 | 48,534,000 | 43,603,000 | 42,574,000 | 52,522,526 | 45,832,682 | 43,104,203 | 45,642,846 | 46,917,172 | 44,529,697 | 54,748,201 | 38,774,840 | 38,350,797 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 58,778,000 | 53,662,000 | 41,104,000 | 35,837,000 | 36,024,000 | 45,843,304 | 41,385,185 | 37,059,333 | 38,861,831 | 40,768,090 | 38,822,608 | 47,578,103 | 33,230,625 | 31,806,908 |
| Gross Profit | 7,179,000 | 8,993,000 | 7,430,000 | 7,766,000 | 6,550,000 | 6,679,222 | 4,447,497 | 6,044,870 | 6,781,015 | 6,149,082 | 5,707,089 | 7,170,098 | 5,544,215 | 6,543,889 |
| Admin Expenses | 7,627,000 | 6,974,000 | 7,298,000 | 7,525,000 | 6,114,000 | 15,823,462 | 9,410,344 | 9,216,494 | 8,860,821 | 7,073,632 | 5,293,863 | 8,351,890 | 6,016,042 | 5,921,527 |
| Operating Profit | -448,000 | 2,019,000 | 132,000 | 241,000 | 436,000 | -9,144,240 | -4,962,847 | -3,171,624 | -2,079,806 | -924,550 | 413,226 | -1,181,792 | -471,827 | 622,362 |
| Interest Payable | 339,000 | 120,000 | 70,000 | 133,000 | 227,000 | 365,517 | 246,575 | 247,062 | 226,773 | 202,976 | 210,050 | 427,446 | 385,847 | 241,478 |
| Interest Receivable | 0 | 0 | 0 | 123,000 | 360,000 | 360,000 | 359,423 | 360,577 | 360,000 | 360,000 | 359,423 | 511,961 | 365,666 | 373,119 |
| Pre-Tax Profit | -787,000 | 1,899,000 | 62,000 | 2,200,000 | 799,000 | -9,269,090 | -4,849,999 | -3,058,109 | -1,919,579 | -743,703 | 522,599 | -1,100,277 | -492,008 | 756,003 |
| Tax | 688,000 | -392,000 | -53,000 | -179,000 | -141,000 | 1,625,533 | 97,778 | 605,155 | 400,448 | 196,816 | 526,092 | 541,006 | -191,308 | -53,204 |
| Profit After Tax | -99,000 | 1,507,000 | 9,000 | 2,021,000 | 658,000 | -7,643,557 | -4,752,221 | -2,452,954 | -1,519,131 | -546,887 | 1,048,691 | -559,271 | -683,316 | 702,799 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -99,000 | 1,507,000 | 9,000 | 2,021,000 | 658,000 | -7,643,557 | -4,752,221 | -2,452,954 | -1,519,131 | -546,887 | 1,048,691 | -559,271 | -683,316 | 702,799 |
| Employee Costs | 5,811,000 | 5,619,000 | 5,112,000 | 4,601,000 | 3,857,000 | 13,888,695 | 6,263,248 | 7,530,689 | 6,999,077 | 6,395,129 | 5,691,121 | 7,324,403 | 5,052,395 | 4,777,068 |
| Number Of Employees | 99 | 99 | 92 | 90 | 95 | 122 | 145 | 148 | 145 | 137 | 131 | 126 | 131 | 123 |
| EBITDA* | 293,000 | 2,669,000 | 730,000 | 839,000 | 1,182,000 | -8,323,736 | -4,159,285 | -2,524,130 | -1,233,044 | -134,813 | 1,135,875 | -170,674 | -411,811 | 1,107,627 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,261,000 | 6,786,000 | 6,670,000 | 6,362,000 | 5,164,000 | 4,626,139 | 4,472,631 | 6,347,892 | 5,987,015 | 5,865,973 | 5,410,015 | 5,225,658 | 4,698,884 | 3,736,929 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,259 | 81,290 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 96,000 | 0 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 |
| Total Fixed Assets | 8,297,000 | 6,786,000 | 6,670,000 | 6,458,000 | 5,164,000 | 10,626,139 | 10,472,631 | 12,370,151 | 12,068,305 | 11,865,973 | 11,410,015 | 11,225,658 | 10,698,884 | 9,736,929 |
| Stock & work in progress | 9,944,000 | 10,489,000 | 6,780,000 | 5,958,000 | 6,885,000 | 5,659,304 | 6,541,012 | 4,447,599 | 5,334,435 | 4,503,961 | 4,181,049 | 2,604,067 | 2,879,484 | 1,909,276 |
| Trade Debtors | 5,716,000 | 7,837,000 | 6,740,000 | 6,361,000 | 6,634,000 | 7,595,244 | 5,573,713 | 5,007,189 | 4,665,257 | 5,661,617 | 5,537,197 | 4,724,872 | 5,941,438 | 4,677,328 |
| Group Debtors | 3,021,000 | 6,149,000 | 2,569,000 | 1,190,000 | 7,287,000 | 799,249 | 1,104,879 | 963,797 | 1,176,971 | 595,707 | 411,537 | 149,470 | 172,221 | 136,151 |
| Misc Debtors | 807,000 | 527,000 | 1,518,000 | 471,000 | 1,094,000 | 1,072,280 | 1,297,214 | 1,899,895 | 905,536 | 507,110 | 585,284 | 520,539 | 442,971 | 272,443 |
| Cash | 145,000 | 0 | 0 | 0 | 0 | 72,600 | 692,562 | 292,259 | 447,309 | 239,664 | 400,531 | 441,138 | 214,525 | 1,566,501 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,633,000 | 25,002,000 | 17,607,000 | 13,980,000 | 21,900,000 | 15,198,677 | 15,209,380 | 12,610,739 | 12,529,508 | 11,508,059 | 11,115,598 | 8,440,086 | 9,650,639 | 8,561,699 |
| total assets | 27,930,000 | 31,788,000 | 24,277,000 | 20,438,000 | 27,064,000 | 25,824,816 | 25,682,011 | 24,980,890 | 24,597,813 | 23,374,032 | 22,525,613 | 19,665,744 | 20,349,523 | 18,298,628 |
| Bank overdraft | 0 | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,592,282 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 275,400 | 0 |
| Trade Creditors | 6,464,000 | 7,521,000 | 3,338,000 | 3,506,000 | 20,494,000 | 3,351,995 | 5,570,300 | 4,380,565 | 4,811,411 | 5,047,279 | 5,455,073 | 4,290,860 | 4,104,607 | 3,354,912 |
| Group/Directors Accounts | 10,585,000 | 13,005,000 | 11,613,000 | 6,872,000 | 0 | 30,067,724 | 18,955,360 | 14,236,828 | 11,491,949 | 8,859,756 | 6,225,413 | 5,408,729 | 1,191,913 | 926,990 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,180,000 | 1,107,000 | 738,000 | 1,895,000 | 0 | 1,512,543 | 1,627,931 | 2,577,823 | 2,041,055 | 1,406,036 | 1,916,386 | 1,276,646 | 1,802,946 | 1,889,943 |
| total current liabilities | 18,229,000 | 21,633,000 | 15,689,000 | 12,276,000 | 20,494,000 | 34,932,262 | 26,153,591 | 21,195,216 | 18,344,415 | 15,313,071 | 13,596,872 | 10,976,235 | 8,967,148 | 6,171,845 |
| loans | 0 | 0 | 0 | 0 | 0 | 2,544,308 | 2,573,884 | 2,606,045 | 2,638,397 | 2,649,564 | 2,649,564 | 2,649,564 | 4,215,564 | 4,490,964 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 122,000 | 477,000 | 417,000 | 0 | 429,000 | 71,787 | 1,034,520 | 507,392 | 489,810 | 505,475 | 658,928 | 1,360,667 | 1,263,822 | 1,072,514 |
| total long term liabilities | 122,000 | 477,000 | 417,000 | 0 | 429,000 | 2,616,095 | 3,608,404 | 3,113,437 | 3,128,207 | 4,060,639 | 4,103,132 | 5,654,871 | 7,478,386 | 7,182,478 |
| total liabilities | 18,351,000 | 22,110,000 | 16,106,000 | 12,276,000 | 20,923,000 | 37,548,357 | 29,761,995 | 24,308,653 | 21,472,622 | 19,373,710 | 17,700,004 | 16,631,106 | 16,445,534 | 13,354,323 |
| net assets | 9,579,000 | 9,678,000 | 8,171,000 | 8,162,000 | 6,141,000 | -11,723,541 | -4,079,984 | 672,237 | 3,125,191 | 4,000,322 | 4,825,609 | 3,034,638 | 3,903,989 | 4,944,305 |
| total shareholders funds | 9,579,000 | 9,678,000 | 8,171,000 | 8,162,000 | 6,141,000 | -11,723,541 | -4,079,984 | 672,237 | 3,125,191 | 4,000,322 | 4,825,609 | 3,034,638 | 3,903,989 | 4,944,305 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -448,000 | 2,019,000 | 132,000 | 241,000 | 436,000 | -9,144,240 | -4,962,847 | -3,171,624 | -2,079,806 | -924,550 | 413,226 | -1,181,792 | -471,827 | 622,362 |
| Depreciation | 741,000 | 650,000 | 598,000 | 598,000 | 746,000 | 820,504 | 803,562 | 647,494 | 846,762 | 789,737 | 722,649 | 1,011,118 | 60,016 | 455,787 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,478 |
| Tax | 688,000 | -392,000 | -53,000 | -179,000 | -141,000 | 1,625,533 | 97,778 | 605,155 | 400,448 | 196,816 | 526,092 | 541,006 | -191,308 | -53,204 |
| Stock | -545,000 | 3,709,000 | 822,000 | -927,000 | 1,225,696 | -881,708 | 2,093,413 | -886,836 | 830,474 | 322,912 | 1,576,982 | 2,604,067 | 970,208 | 1,909,276 |
| Debtors | -4,969,000 | 3,686,000 | 2,709,000 | -6,897,000 | -451,773 | 1,490,967 | 104,925 | 1,123,117 | -16,670 | 230,416 | 1,139,137 | 11,394,881 | 1,470,708 | 11,085,922 |
| Creditors | -1,057,000 | 4,183,000 | -168,000 | -16,988,000 | 17,142,005 | -2,218,305 | 1,189,735 | -430,846 | -235,868 | -407,794 | 1,164,213 | 4,290,860 | 749,695 | 3,354,912 |
| Accruals and Deferred Income | 73,000 | 369,000 | -1,157,000 | 1,895,000 | -1,512,543 | -115,388 | -949,892 | 536,768 | 635,019 | -510,350 | 639,740 | 1,276,646 | -86,997 | 1,889,943 |
| Deferred Taxes & Provisions | -355,000 | 60,000 | 417,000 | -429,000 | 357,213 | -962,733 | 527,128 | 17,582 | -15,665 | -153,453 | -701,739 | 1,360,667 | 191,308 | 1,072,514 |
| Cash flow from operations | 5,156,000 | -506,000 | -3,762,000 | -7,038,000 | 16,253,752 | -10,603,888 | -5,492,874 | -2,031,752 | -1,262,914 | -1,562,922 | 48,062 | -6,700,443 | -2,190,029 | -5,623,406 |
| Investing Activities | ||||||||||||||
| capital expenditure | -1,047,955 | -1,243,872 | -903,006 | -1,537,892 | -1,561,971 | |||||||||
| Change in Investments | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,047,955 | -1,243,872 | -903,006 | -1,537,892 | -1,561,971 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 275,400 | 0 |
| Group/Directors Accounts | -2,420,000 | 1,392,000 | 4,741,000 | 6,872,000 | -30,067,724 | 11,112,364 | 4,718,532 | 2,744,879 | 2,632,193 | 2,634,343 | 816,684 | 5,408,729 | 264,923 | 926,990 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -2,544,308 | -29,576 | -32,161 | -32,352 | -11,167 | 0 | 0 | 2,649,564 | -275,400 | 4,490,964 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -339,000 | -120,000 | -70,000 | -10,000 | 133,000 | -5,517 | 112,848 | 113,515 | 133,227 | 157,024 | 149,373 | 84,515 | -20,181 | 131,641 |
| cash flow from financing | -2,759,000 | 1,272,000 | 4,671,000 | 6,862,000 | -15,272,491 | 11,077,271 | 4,799,219 | 2,826,042 | 3,398,253 | 2,512,967 | 1,708,337 | 11,736,717 | -112,258 | 9,791,101 |
| cash and cash equivalents | ||||||||||||||
| cash | 145,000 | 0 | 0 | 0 | -72,600 | -619,962 | 400,303 | -155,050 | 207,645 | -160,867 | -40,607 | 441,138 | -1,351,976 | 1,566,501 |
| overdraft | 0 | 0 | -3,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,592,282 | 0 |
| change in cash | 145,000 | 0 | 3,000 | -3,000 | -72,600 | -619,962 | 400,303 | -155,050 | 207,645 | -160,867 | -40,607 | 441,138 | -2,944,258 | 1,566,501 |
provimi limited Credit Report and Business Information
Provimi Limited Competitor Analysis
Perform a competitor analysis for provimi limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
provimi limited Ownership
PROVIMI LIMITED group structure
Provimi Limited has no subsidiary companies.
provimi limited directors
Provimi Limited currently has 2 directors. The longest serving directors include Mr Norman Downey (May 2021) and Claire Shepherd (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Norman Downey | United Kingdom | 49 years | May 2021 | - | Director |
| Claire Shepherd | England | 41 years | May 2022 | - | Director |
P&L
May 2023turnover
66m
+5%
operating profit
-448k
-122%
gross margin
10.9%
-24.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
9.6m
-0.01%
total assets
27.9m
-0.12%
cash
145k
0%
net assets
Total assets minus all liabilities
provimi limited company details
company number
01262691
Type
Private limited with Share Capital
industry
10910 - Manufacture of prepared feeds for farm animals
incorporation date
June 1976
age
48
accounts
Full Accounts
ultimate parent company
previous names
nutec limited (December 2001)
nutec feed supplements limited (March 1982)
incorporated
UK
address
dalton airfield industrial estat, dalton, thirsk, north yorkshire, YO7 3HE
last accounts submitted
May 2023
provimi 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 5 charges/mortgages relating to provimi limited. Currently there are 0 open charges and 5 have been satisfied in the past.
provimi limited Companies House Filings - See Documents
| date | description | view/download |
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