direct produce supplies limited

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direct produce supplies limited Company Information

Share DIRECT PRODUCE SUPPLIES LIMITED

Company Number

01336601

Shareholders

h&b holdings limited

Group Structure

View All

Industry

Wholesale of fruit and vegetables

 

Registered Address

14th floor 33 cavendish square, london, W1G 0PW

direct produce supplies limited Estimated Valuation

£190.7m

Pomanda estimates the enterprise value of DIRECT PRODUCE SUPPLIES LIMITED at £190.7m based on a Turnover of £456.1m and 0.42x industry multiple (adjusted for size and gross margin).

direct produce supplies limited Estimated Valuation

£29.3m

Pomanda estimates the enterprise value of DIRECT PRODUCE SUPPLIES LIMITED at £29.3m based on an EBITDA of £5.5m and a 5.37x industry multiple (adjusted for size and gross margin).

direct produce supplies limited Estimated Valuation

£45.6m

Pomanda estimates the enterprise value of DIRECT PRODUCE SUPPLIES LIMITED at £45.6m based on Net Assets of £23.9m and 1.91x industry multiple (adjusted for liquidity).

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Direct Produce Supplies Limited Overview

Direct Produce Supplies Limited is a live company located in london, W1G 0PW with a Companies House number of 01336601. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in October 1977, it's largest shareholder is h&b holdings limited with a 100% stake. Direct Produce Supplies Limited is a mature, mega sized company, Pomanda has estimated its turnover at £456.1m with high growth in recent years.

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Direct Produce Supplies Limited Health Check

Pomanda's financial health check has awarded Direct Produce Supplies Limited a 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 Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £456.1m, make it larger than the average company (£23.7m)

£456.1m - Direct Produce Supplies Limited

£23.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (5.8%)

16% - Direct Produce Supplies Limited

5.8% - Industry AVG

production

Production

with a gross margin of 5.3%, this company has a higher cost of product (11.2%)

5.3% - Direct Produce Supplies Limited

11.2% - Industry AVG

profitability

Profitability

an operating margin of 1.1% make it less profitable than the average company (2.3%)

1.1% - Direct Produce Supplies Limited

2.3% - Industry AVG

employees

Employees

with 92 employees, this is above the industry average (49)

92 - Direct Produce Supplies Limited

49 - Industry AVG

paystructure

Pay Structure

on an average salary of £103.7k, the company has a higher pay structure (£36.2k)

£103.7k - Direct Produce Supplies Limited

£36.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £5m, this is more efficient (£461.7k)

£5m - Direct Produce Supplies Limited

£461.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 30 days, this is near the average (33 days)

30 days - Direct Produce Supplies Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 30 days, this is quicker than average (36 days)

30 days - Direct Produce Supplies Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (8 days)

1 days - Direct Produce Supplies Limited

8 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (11 weeks)

15 weeks - Direct Produce Supplies Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 65.1%, this is a similar level of debt than the average (62.3%)

65.1% - Direct Produce Supplies Limited

62.3% - Industry AVG

DIRECT PRODUCE SUPPLIES LIMITED financials

EXPORTms excel logo

Direct Produce Supplies Limited's latest turnover from September 2023 is £456.1 million and the company has net assets of £23.9 million. According to their latest financial statements, Direct Produce Supplies Limited has 92 employees and maintains cash reserves of £13 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover456,127,619429,741,010355,255,000290,612,000255,674,000195,980,000117,640,00080,364,65552,865,90445,822,93051,028,84346,128,63341,271,63147,108,32242,711,387
Other Income Or Grants000000000000000
Cost Of Sales432,065,171409,186,700337,565,000275,831,000239,831,000184,396,000109,178,00074,267,91948,228,47642,518,73548,196,79241,552,98037,090,95943,775,49139,468,253
Gross Profit24,062,44820,554,31017,690,00014,781,00015,843,00011,584,0008,462,0006,096,7364,637,4283,304,1952,832,0514,575,6534,180,6723,332,8313,243,134
Admin Expenses18,897,23714,101,78112,785,00010,613,00012,023,0008,258,0005,925,0004,285,4383,557,3282,828,2232,570,5123,676,8323,315,058-2,220,5612,532,884
Operating Profit5,165,2116,452,5294,905,0004,168,0003,820,0003,326,0002,537,0001,811,2981,080,100475,972261,539898,821865,6145,553,392710,250
Interest Payable84446,979005,0001,000010,72530,71922,35819,14413,238009,495
Interest Receivable251,23272,98925,00065,00075,00045,00010,0008226,5056,7206,38804,1396,85823,791
Pre-Tax Profit5,415,5996,478,5394,930,0004,233,0003,890,0003,370,0002,547,0001,801,3951,055,886460,334248,783891,717869,753560,250870,189
Tax-1,000,000-1,196,760-1,574,000-995,000-1,079,000-855,000-663,000-470,249-255,216-175,0005,358-354,454-257,707-151,500129,317
Profit After Tax4,415,5995,281,7793,356,0003,238,0002,811,0002,515,0001,884,0001,331,146800,670285,334254,141537,263612,046408,750999,506
Dividends Paid00002,500,0000000525,000692,00084,600720,730775,000609,950
Retained Profit4,415,5995,281,7793,356,0003,238,000311,0002,515,0001,884,0001,331,146800,670-239,666-437,859452,663-108,684-366,250389,556
Employee Costs9,543,8699,729,7898,813,0007,964,0005,648,0004,134,0003,956,0003,586,9582,728,8112,771,6252,744,2233,025,4022,714,1592,768,8242,984,228
Number Of Employees927972706658454037606774514645
EBITDA*5,457,2716,696,1395,074,0004,319,0003,981,0003,480,0002,647,0001,914,9181,223,527634,392409,1021,003,661942,4675,619,361794,338

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets708,874705,877404,000196,000273,000254,000253,000166,394346,364452,270726,170815,583319,499267,031257,701
Intangible Assets000000000000000
Investments & Other00000000052,100104,000156,000208,000260,000260,000
Debtors (Due After 1 year)00000000080,556273,8890000
Total Fixed Assets708,874705,877404,000196,000273,000254,000253,000166,394346,364584,9261,104,059971,583527,499527,031517,701
Stock & work in progress1,538,4383,080,2182,187,0001,766,0001,094,000665,0001,463,000749,224643,030434,621687,471530,568731,840652,142557,673
Trade Debtors37,714,54933,622,03925,818,00020,276,00016,837,00015,987,00011,441,0006,532,7965,774,3823,191,9244,504,7995,321,7384,267,1673,569,3752,887,056
Group Debtors11,015,7214,400,28700001,262,0005,677,3931,999,2471,252,9261,940,5402,350,0021,171,068819,219209,237
Misc Debtors4,552,7279,067,7182,276,0002,257,0001,795,0002,151,0001,473,000906,8991,195,257998,6821,371,981863,4891,071,136851,675518,341
Cash12,988,28214,119,62424,319,00021,918,00014,094,0009,122,0006,752,0004,038,0693,133,5441,837,3101,147,5401,410,6841,120,0361,140,3012,300,529
misc current assets000000000000000
total current assets67,809,71764,289,88654,600,00046,217,00033,820,00027,925,00022,391,00017,904,38112,745,4607,715,4639,652,33110,476,4818,361,2477,032,7126,472,836
total assets68,518,59164,995,76355,004,00046,413,00034,093,00028,179,00022,644,00018,070,77513,091,8248,300,38910,756,39011,448,0648,888,7467,559,7436,990,537
Bank overdraft00000000098,18394,55094,550000
Bank loan000000042,77466,817000000
Trade Creditors 36,641,83733,887,14528,232,00021,643,00012,735,00013,094,00012,300,00011,630,1398,850,4665,905,7038,427,8888,466,4206,984,1375,574,6074,451,254
Group/Directors Accounts2,806,1862,535,3147,001,00010,520,0007,382,0003,911,0002,054,0001,317,7831,153,390467,396279,35277,87029,0422,813333,401
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities5,135,6529,053,9875,534,0003,369,0003,833,0003,842,0003,473,0002,146,1231,371,934848,861632,871955,086848,565846,637703,946
total current liabilities44,583,67545,476,44640,767,00035,532,00023,950,00020,847,00017,827,00015,136,81911,442,6077,320,1439,434,6619,593,9267,861,7446,424,0575,488,601
loans0000000046,407178,106279,923374,473000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions40,23840,23840,00040,00040,00040,00040,00040,23840,23840,23840,23840,23840,23840,23840,238
total long term liabilities40,23840,23840,00040,00040,00040,00040,00040,23886,645218,344320,161414,71140,23840,23840,238
total liabilities44,623,91345,516,68440,807,00035,572,00023,990,00020,887,00017,867,00015,177,05711,529,2527,538,4879,754,82210,008,6377,901,9826,464,2955,528,839
net assets23,894,67819,479,07914,197,00010,841,00010,103,0007,292,0004,777,0002,893,7181,562,572761,9021,001,5681,439,427986,7641,095,4481,461,698
total shareholders funds23,894,67819,479,07914,197,00010,841,00010,103,0007,292,0004,777,0002,893,7181,562,572761,9021,001,5681,439,427986,7641,095,4481,461,698
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit5,165,2116,452,5294,905,0004,168,0003,820,0003,326,0002,537,0001,811,2981,080,100475,972261,539898,821865,6145,553,392710,250
Depreciation292,060243,610169,000151,000161,000154,000110,000103,620143,427158,420147,563104,84076,85365,96984,088
Amortisation000000000000000
Tax-1,000,000-1,196,760-1,574,000-995,000-1,079,000-855,000-663,000-470,249-255,216-175,0005,358-354,454-257,707-151,500129,317
Stock-1,541,780893,218421,000672,000429,000-798,000713,776106,194208,409-252,850156,903-201,27279,69894,469557,673
Debtors6,192,95318,996,0445,561,0003,901,000494,0003,962,0001,058,9124,148,2023,444,798-2,567,121-444,0202,025,8581,269,1021,625,6353,614,634
Creditors2,754,6925,655,1456,589,0008,908,000-359,000794,000669,8612,779,6732,944,763-2,522,185-38,5321,482,2831,409,5301,123,3534,451,254
Accruals and Deferred Income-3,918,3353,519,9872,165,000-464,000-9,000369,0001,326,877774,189523,073215,990-322,215106,5211,928142,691703,946
Deferred Taxes & Provisions02380000-238000000040,238
Cash flow from operations-1,357,545-5,214,5136,272,0007,195,0001,611,000624,0002,207,812744,135782,940973,168340,830413,425747,4185,013,8011,946,786
Investing Activities
capital expenditure-295,057-545,487-377,000-74,000-180,000-155,000-196,60676,350-37,521115,480-58,150-600,924-129,321-75,299-207,382
Change in Investments00000000-52,100-51,900-52,000-52,000-52,0000260,000
cash flow from investments-295,057-545,487-377,000-74,000-180,000-155,000-196,60676,35014,579167,380-6,150-548,924-77,321-75,299-467,382
Financing Activities
Bank loans000000-42,774-24,04366,817000000
Group/Directors Accounts270,872-4,465,686-3,519,0003,138,0003,471,0001,857,000736,217164,393685,994188,044201,48248,82826,229-330,588333,401
Other Short Term Loans 000000000000000
Long term loans0000000-46,407-131,699-101,817-94,550374,473000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue03000-2,500,0002,500,0000-71800000001,072,142
interest250,38826,01025,00065,00070,00044,00010,000-9,903-24,214-15,638-12,756-13,2384,1396,85814,296
cash flow from financing521,260-4,439,376-3,494,000703,0006,041,0001,901,000702,72584,040596,89870,58994,176410,06330,368-323,7301,419,839
cash and cash equivalents
cash-1,131,342-10,199,3762,401,0007,824,0004,972,0002,370,0002,713,931904,5251,296,234689,770-263,144290,648-20,265-1,160,2282,300,529
overdraft00000000-98,1833,633094,550000
change in cash-1,131,342-10,199,3762,401,0007,824,0004,972,0002,370,0002,713,931904,5251,394,417686,137-263,144196,098-20,265-1,160,2282,300,529

direct produce supplies limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Direct Produce Supplies Limited Competitor Analysis

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Perform a competitor analysis for direct produce supplies limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in W1G area or any other competitors across 12 key performance metrics.

direct produce supplies limited Ownership

DIRECT PRODUCE SUPPLIES LIMITED group structure

Direct Produce Supplies Limited has no subsidiary companies.

Ultimate parent company

1 parent

DIRECT PRODUCE SUPPLIES LIMITED

01336601

DIRECT PRODUCE SUPPLIES LIMITED Shareholders

h&b holdings limited 100%

direct produce supplies limited directors

Direct Produce Supplies Limited currently has 8 directors. The longest serving directors include Mr Paul Beaumont (Jul 1998) and Mr Nicholas Laister (Jul 1999).

officercountryagestartendrole
Mr Paul BeaumontEngland58 years Jul 1998- Director
Mr Nicholas LaisterUnited Kingdom57 years Jul 1999- Director
Mr John BeynonEngland47 years Apr 2016- Director
Mr Robert MoserUnited Kingdom49 years Jan 2017- Director
Mr Francisco AmoresUnited Kingdom53 years Oct 2018- Director
Mr Scott FrancisUnited Kingdom41 years Apr 2024- Director
Miss Karen SandsUnited Kingdom43 years Apr 2024- Director
Mr Stuart BaxterUnited Kingdom34 years Oct 2024- Director

P&L

September 2023

turnover

456.1m

+6%

operating profit

5.2m

-20%

gross margin

5.3%

+10.3%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

23.9m

+0.23%

total assets

68.5m

+0.05%

cash

13m

-0.08%

net assets

Total assets minus all liabilities

direct produce supplies limited company details

company number

01336601

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

incorporation date

October 1977

age

48

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

September 2023

previous names

direct produce supplies plc (September 2014)

direct produce supplies limited (February 2013)

See more

accountant

-

auditor

SUMMER AUDITCO LIMITED

address

14th floor 33 cavendish square, london, W1G 0PW

Bank

BARCLAYS BANK PLC

Legal Advisor

-

direct produce supplies 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 15 charges/mortgages relating to direct produce supplies limited. Currently there are 4 open charges and 11 have been satisfied in the past.

direct produce supplies 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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direct produce supplies limited Companies House Filings - See Documents

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