king bros. (butchers) limited

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king bros. (butchers) limited Company Information

Share KING BROS. (BUTCHERS) LIMITED

Company Number

01366927

Directors

Ashley King

Shareholders

ashley king group limited

Group Structure

View All

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

1 goodison road, lincs gateway business park, spalding, lincolnshire, PE12 6FY

king bros. (butchers) limited Estimated Valuation

£186.6k

Pomanda estimates the enterprise value of KING BROS. (BUTCHERS) LIMITED at £186.6k based on a Turnover of £77.2k and 2.42x industry multiple (adjusted for size and gross margin).

king bros. (butchers) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of KING BROS. (BUTCHERS) LIMITED at £0 based on an EBITDA of £-2.5m and a 4.73x industry multiple (adjusted for size and gross margin).

king bros. (butchers) limited Estimated Valuation

£867.9k

Pomanda estimates the enterprise value of KING BROS. (BUTCHERS) LIMITED at £867.9k based on Net Assets of £497.1k and 1.75x industry multiple (adjusted for liquidity).

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King Bros. (butchers) Limited Overview

King Bros. (butchers) Limited is a live company located in spalding, PE12 6FY with a Companies House number of 01366927. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 1978, it's largest shareholder is ashley king group limited with a 100% stake. King Bros. (butchers) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £77.2k with high growth in recent years.

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King Bros. (butchers) Limited Health Check

Pomanda's financial health check has awarded King Bros. (Butchers) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £77.2k, make it smaller than the average company (£953.3k)

£77.2k - King Bros. (butchers) Limited

£953.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.6%)

20% - King Bros. (butchers) Limited

5.6% - Industry AVG

production

Production

with a gross margin of 31.4%, this company has a higher cost of product (73%)

31.4% - King Bros. (butchers) Limited

73% - Industry AVG

profitability

Profitability

an operating margin of -3221.9% make it less profitable than the average company (28.7%)

-3221.9% - King Bros. (butchers) Limited

28.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - King Bros. (butchers) Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.6k, the company has an equivalent pay structure (£33.6k)

£33.6k - King Bros. (butchers) Limited

£33.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £77.2k, this is less efficient (£191.7k)

£77.2k - King Bros. (butchers) Limited

£191.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - King Bros. (butchers) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - King Bros. (butchers) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - King Bros. (butchers) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (10 weeks)

47 weeks - King Bros. (butchers) Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 5.8%, this is a lower level of debt than the average (69.5%)

5.8% - King Bros. (butchers) Limited

69.5% - Industry AVG

KING BROS. (BUTCHERS) LIMITED financials

EXPORTms excel logo

King Bros. (Butchers) Limited's latest turnover from June 2024 is estimated at £77.2 thousand and the company has net assets of £497.1 thousand. According to their latest financial statements, King Bros. (Butchers) Limited has 1 employee and maintains cash reserves of £27.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover77,18870,20165,12844,536186,484134,18781,42343,96629,24334,69315,44540,30440,85550,411256,457
Other Income Or Grants
Cost Of Sales52,93149,11146,15732,132131,54094,55656,40829,67319,91125,05711,20629,85929,85336,733178,254
Gross Profit24,25721,09018,97112,40354,94339,63125,01414,2939,3329,6364,23910,44511,00313,67978,204
Admin Expenses2,511,181-389,312-2,726,503-86943,11526,68812,1465,0311,9501,713-6,3683,1294,21215,729-438,435
Operating Profit-2,486,924410,4022,745,47413,27211,82812,94312,8689,2627,3827,92310,6077,3166,791-2,050516,639
Interest Payable
Interest Receivable1,00727519716521901701338457216194
Pre-Tax Profit-2,485,917410,6772,745,67013,28811,82812,94312,8689,3147,5738,09310,7417,4006,847-1,834516,833
Tax-102,669-521,677-2,525-2,247-2,459-2,445-1,770-1,514-1,618-2,256-1,702-1,643-144,713
Profit After Tax-2,485,917308,0082,223,99310,7639,58110,48410,4237,5446,0586,4748,4855,6985,204-1,834372,120
Dividends Paid
Retained Profit-2,485,917308,0082,223,99310,7639,58110,48410,4237,5446,0586,4748,4855,6985,204-1,834372,120
Employee Costs33,61731,19530,37827,21828,06255,33253,18151,85926,40026,37225,20024,13224,11123,47724,560
Number Of Employees111112221111111
EBITDA*-2,486,924410,4022,745,47413,27211,82812,94312,8689,2627,3827,92310,6077,3166,791-2,050516,639

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets49,94049,940429,029427,218423,742423,742363,438355,260355,260355,260355,260355,260301,751
Intangible Assets
Investments & Other440,0003,392,2751,9651,9651,9651,9651,9651,9651,965
Debtors (Due After 1 year)
Total Fixed Assets489,9403,442,215429,029427,218423,742423,742365,403357,225357,225357,225357,225357,225303,716
Stock & work in progress
Trade Debtors7,35444,82030,78216,1143,1956,3727,6463,2519,2709,47311,95158,637
Group Debtors500,0003,062,1152,994,365
Misc Debtors526,309507639
Cash27,57310,80320831,27041,65534,37833,57719,69013,7998,89877,657
misc current assets
total current assets527,5733,599,2272,995,08039,26344,82030,78216,1143,19548,02742,02436,82828,96023,27220,849136,294
total assets527,5733,599,2273,485,0203,481,478473,849458,000439,856426,937413,430399,249394,053386,185380,497378,074440,010
Bank overdraft
Bank loan
Trade Creditors 33,61227,34419,68417,18811,2233,1004,3784,9955,0057,78667,888
Group/Directors Accounts4,683543,68327,18313,656
other short term finances
hp & lease commitments
other current liabilities25,80472,541511,3353,634
total current liabilities30,487616,224538,51817,29033,61227,34419,68417,18811,2233,1004,3784,9955,0057,78667,888
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions505,335
total long term liabilities505,335
total liabilities30,487616,224538,518522,62533,61227,34419,68417,18811,2233,1004,3784,9955,0057,78667,888
net assets497,0862,983,0032,946,5022,958,853440,237430,656420,172409,749402,207396,149389,675381,190375,492370,288372,122
total shareholders funds497,0862,983,0032,946,5022,958,853440,237430,656420,172409,749402,207396,149389,675381,190375,492370,288372,122
Jun 2024Jun 2023Jun 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-2,486,924410,4022,745,47413,27211,82812,94312,8689,2627,3827,92310,6077,3166,791-2,050516,639
Depreciation
Amortisation
Tax-102,669-521,677-2,525-2,247-2,459-2,445-1,770-1,514-1,618-2,256-1,702-1,643-144,713
Stock
Debtors-3,088,424593,5522,986,879-36,82714,03814,66812,919-3,177-1,2744,395-6,019-203-2,478-46,68658,637
Creditors-33,6126,2687,6602,4965,9658,123-1,278-617-10-2,781-60,10267,888
Accruals and Deferred Income-46,737-438,794507,7013,634
Deferred Taxes & Provisions-505,335505,335
Cash flow from operations554,763-724,613-760,716522,9311,8113,47616,63415,26563213,7535,8074,845-15,466381,177
Investing Activities
capital expenditure49,940379,089-1,811-3,476-60,304-8,178-53,509-301,751
Change in Investments-440,000-2,952,2753,392,275-1,9651,965
cash flow from investments489,9402,952,275-3,013,186-1,811-3,476-58,339-8,178-53,509-303,716
Financing Activities
Bank loans
Group/Directors Accounts-539,000516,50013,52713,656
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-271,507-2,236,3442,507,853-22
interest1,00727519716521901701338457216194
cash flow from financing-537,993245,268-2,222,6202,521,525501901701338457216196
cash and cash equivalents
cash16,77010,595-31,06231,270-41,6557,27780113,8875,8914,901-68,75977,657
overdraft
change in cash16,77010,595-31,06231,270-41,6557,27780113,8875,8914,901-68,75977,657

king bros. (butchers) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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King Bros. (butchers) Limited Competitor Analysis

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Perform a competitor analysis for king bros. (butchers) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in PE12 area or any other competitors across 12 key performance metrics.

king bros. (butchers) limited Ownership

KING BROS. (BUTCHERS) LIMITED group structure

King Bros. (Butchers) Limited has no subsidiary companies.

Ultimate parent company

1 parent

KING BROS. (BUTCHERS) LIMITED

01366927

KING BROS. (BUTCHERS) LIMITED Shareholders

ashley king group limited 100%

king bros. (butchers) limited directors

King Bros. (Butchers) Limited currently has 1 director, Mr Ashley King serving since Sep 2015.

officercountryagestartendrole
Mr Ashley KingEngland57 years Sep 2015- Director

P&L

June 2024

turnover

77.2k

+10%

operating profit

-2.5m

0%

gross margin

31.5%

+4.6%

turnover

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

Balance Sheet

June 2024

net assets

497.1k

-0.83%

total assets

527.6k

-0.85%

cash

27.6k

+1.55%

net assets

Total assets minus all liabilities

king bros. (butchers) limited company details

company number

01366927

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 1978

age

47

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

June 2024

previous names

N/A

accountant

-

auditor

-

address

1 goodison road, lincs gateway business park, spalding, lincolnshire, PE12 6FY

Bank

-

Legal Advisor

-

king bros. (butchers) 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 12 charges/mortgages relating to king bros. (butchers) limited. Currently there are 1 open charges and 11 have been satisfied in the past.

king bros. (butchers) 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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king bros. (butchers) limited Companies House Filings - See Documents

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