j.a. jewitt (meat) limited

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j.a. jewitt (meat) limited Company Information

Share J.A. JEWITT (MEAT) LIMITED

Company Number

01415925

Shareholders

j.a. jewitt

mrs verona jewitt

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Group Structure

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Industry

Wholesale of meat and meat products

 

Registered Address

low house farm, middlestone moor, spennymoor, co durham, DL16 7QD

j.a. jewitt (meat) limited Estimated Valuation

£19.4m

Pomanda estimates the enterprise value of J.A. JEWITT (MEAT) LIMITED at £19.4m based on a Turnover of £44.6m and 0.44x industry multiple (adjusted for size and gross margin).

j.a. jewitt (meat) limited Estimated Valuation

£10.2m

Pomanda estimates the enterprise value of J.A. JEWITT (MEAT) LIMITED at £10.2m based on an EBITDA of £1.8m and a 5.74x industry multiple (adjusted for size and gross margin).

j.a. jewitt (meat) limited Estimated Valuation

£30.1m

Pomanda estimates the enterprise value of J.A. JEWITT (MEAT) LIMITED at £30.1m based on Net Assets of £12.7m and 2.37x industry multiple (adjusted for liquidity).

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J.a. Jewitt (meat) Limited Overview

J.a. Jewitt (meat) Limited is a live company located in spennymoor, DL16 7QD with a Companies House number of 01415925. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in February 1979, it's largest shareholder is j.a. jewitt with a 50% stake. J.a. Jewitt (meat) Limited is a mature, large sized company, Pomanda has estimated its turnover at £44.6m with healthy growth in recent years.

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J.a. Jewitt (meat) Limited Health Check

Pomanda's financial health check has awarded J.A. Jewitt (Meat) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £44.6m, make it larger than the average company (£24.2m)

£44.6m - J.a. Jewitt (meat) Limited

£24.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.2%)

14% - J.a. Jewitt (meat) Limited

6.2% - Industry AVG

production

Production

with a gross margin of 7.7%, this company has a higher cost of product (13.4%)

7.7% - J.a. Jewitt (meat) Limited

13.4% - Industry AVG

profitability

Profitability

an operating margin of 3.1% make it as profitable than the average company (3.5%)

3.1% - J.a. Jewitt (meat) Limited

3.5% - Industry AVG

employees

Employees

with 74 employees, this is above the industry average (34)

74 - J.a. Jewitt (meat) Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.6k, the company has a higher pay structure (£37.8k)

£45.6k - J.a. Jewitt (meat) Limited

£37.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £603.3k, this is equally as efficient (£550.8k)

£603.3k - J.a. Jewitt (meat) Limited

£550.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is near the average (32 days)

32 days - J.a. Jewitt (meat) Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (29 days)

13 days - J.a. Jewitt (meat) Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (16 days)

8 days - J.a. Jewitt (meat) Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 68 weeks, this is more cash available to meet short term requirements (13 weeks)

68 weeks - J.a. Jewitt (meat) Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 17.7%, this is a lower level of debt than the average (54.8%)

17.7% - J.a. Jewitt (meat) Limited

54.8% - Industry AVG

J.A. JEWITT (MEAT) LIMITED financials

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J.A. Jewitt (Meat) Limited's latest turnover from March 2023 is £44.6 million and the company has net assets of £12.7 million. According to their latest financial statements, J.A. Jewitt (Meat) Limited has 74 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover44,644,17139,845,97032,535,84430,160,07230,250,58130,209,78524,993,57523,239,21224,213,51525,805,92227,350,52728,296,60724,743,74223,445,473
Other Income Or Grants00000000000000
Cost Of Sales41,220,35636,425,76730,156,29928,061,46127,817,91628,060,45423,315,86221,609,68422,540,92323,917,28625,526,86825,237,23922,648,85322,061,588
Gross Profit3,423,8153,420,2032,379,5452,098,6112,432,6652,149,3311,677,7131,629,5281,672,5921,888,6361,823,6593,059,3682,094,8891,383,885
Admin Expenses2,060,6861,299,8341,137,1801,035,9151,070,371974,994856,619904,476836,771995,938978,7782,962,147840,173770,444
Operating Profit1,363,1292,120,3691,242,3651,062,6961,362,2941,174,337821,094725,052835,821892,698844,88197,2211,254,716613,441
Interest Payable68673,90506762,5539015,01218000000
Interest Receivable6,1702172,2807,2396,7831,0943874463,5933,3202,1942,1091,848378
Pre-Tax Profit1,368,6132,046,6811,244,6451,069,2591,366,5241,175,422821,481710,486839,232896,018847,07599,3301,256,564563,820
Tax-20,498-584,163-245,052-213,110-269,662-232,497-167,357-106,795-354,094-211,522-212,506-2,055-157,306-75,113
Profit After Tax1,348,1151,462,518999,593856,1491,096,862942,925654,124603,691485,138684,496634,56997,2751,099,258488,707
Dividends Paid100,000100,000100,000100,000100,000100,000100,00060,00060,00060,00040,00040,00040,000440,000
Retained Profit1,248,1151,362,518899,593756,149996,862842,925554,124543,691425,138624,496594,56957,2751,059,25848,707
Employee Costs3,374,5963,067,8162,655,1532,631,1522,555,3182,351,4402,152,8952,101,0701,930,5431,864,4361,860,2361,776,9441,639,0761,526,027
Number Of Employees7470687371686566707370676572
EBITDA*1,774,9142,511,6081,523,6471,333,5201,607,1991,418,8701,083,855972,7041,068,3571,117,6381,063,089309,4471,459,066801,628

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets6,646,5916,982,2266,035,7825,869,6345,209,6125,236,8065,294,4445,478,9215,423,8742,397,8022,230,3052,312,3442,295,0602,281,938
Intangible Assets00000000000000
Investments & Other561,862561,862561,862561,862474,749474,74900022222
Debtors (Due After 1 year)00000000000000
Total Fixed Assets7,208,4537,544,0886,597,6446,431,4965,684,3615,711,5555,294,4445,478,9215,423,8742,397,8042,230,3072,312,3462,295,0622,281,940
Stock & work in progress910,335773,699730,526555,984583,173421,272487,083435,343397,467524,658509,549594,517368,960316,537
Trade Debtors4,015,7413,511,1113,066,0023,122,0162,908,1393,126,7172,569,3342,274,9502,485,7762,545,3072,851,1013,213,7102,843,3282,760,625
Group Debtors102,6079803,1590027,12850,19989,76659,943173,682280,446350,62351,2390
Misc Debtors145,765151,235151,997116,76098,06480,16646,46436,180144,721165,035161,905160,45169,95799,957
Cash3,071,2322,605,1071,703,6841,127,9191,394,469964,834869,559508,64045,9192,413,5181,553,503341,608873,343250,024
misc current assets00000000000000
total current assets8,245,6807,042,1325,655,3684,922,6794,983,8454,620,1174,022,6393,344,8793,133,8265,822,2005,356,5044,660,9094,206,8273,427,143
total assets15,454,13314,586,22012,253,01211,354,17510,668,20610,331,6729,317,0838,823,8008,557,7008,220,0047,586,8116,973,2556,501,8895,709,083
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 1,483,7041,424,072944,929849,716935,805859,609736,651573,275557,759763,245689,733776,428763,153541,307
Group/Directors Accounts614,162695,092695,092754,939644,939566,232566,232566,2321,103,6851,200,6851,263,3071,348,110628,1911,288,522
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities245,755344,554242,703325,598433,895624,636580,122780,097502,359303,800346,322157,552459,731101,047
total current liabilities2,343,6212,463,7181,882,7241,930,2532,014,6392,050,4771,883,0051,919,6042,163,8032,267,7302,299,3622,282,0901,851,0751,930,876
loans0000000000001,0001,000
hp & lease commitments00000000000000
Accruals and Deferred Income0000000000068,74470,27271,800
other liabilities00000000000000
provisions398,361658,466268,770221,997207,791832,281147,436171,678140,910122,89781,04077,79793,193278,316
total long term liabilities398,361658,466268,770221,997207,791832,281147,436171,678140,910122,89781,040146,541164,465351,116
total liabilities2,741,9823,122,1842,151,4942,152,2502,222,4302,882,7582,030,4412,091,2822,304,7132,390,6272,380,4022,428,6312,015,5402,281,992
net assets12,712,15111,464,03610,101,5189,201,9258,445,7767,448,9147,286,6426,732,5186,252,9875,829,3775,206,4094,544,6244,486,3493,427,091
total shareholders funds12,712,15111,464,03610,101,5189,201,9258,445,7767,448,9147,286,6426,732,5186,252,9875,829,3775,206,4094,544,6244,486,3493,427,091
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,363,1292,120,3691,242,3651,062,6961,362,2941,174,337821,094725,052835,821892,698844,88197,2211,254,716613,441
Depreciation411,785391,239281,282270,824244,905244,533262,761247,652232,536224,940218,208212,226204,350188,187
Amortisation00000000000000
Tax-20,498-584,163-245,052-213,110-269,662-232,497-167,357-106,795-354,094-211,522-212,506-2,055-157,306-75,113
Stock136,63643,173174,542-27,189161,901-65,81151,74037,876-127,19115,109-84,968225,55752,423316,537
Debtors600,787442,168-17,618232,573-227,808568,014265,101-289,544-193,584-409,428-431,332760,260103,9422,860,582
Creditors59,632479,14395,213-86,08976,196122,958163,37615,516-205,48673,512-86,69513,275221,846541,307
Accruals and Deferred Income-98,799101,851-82,895-108,297-190,74144,514-199,975277,738198,559-42,522120,026-303,707357,156172,847
Deferred Taxes & Provisions-260,105389,69646,77314,206-624,490684,845-24,24230,76818,01341,8573,243-15,396-185,123278,316
Cash flow from operations717,7212,412,7941,180,762734,846664,4091,536,487538,8161,441,5991,046,1241,373,2821,403,457-984,2531,539,274-1,458,134
Investing Activities
capital expenditure-76,150-1,337,683-447,430-930,846-217,711-186,895-78,284-302,699-3,258,608-368,761-126,620-273,179-207,468-172,301
Change in Investments00087,1130474,74900-200002
cash flow from investments-76,150-1,337,683-447,430-1,017,959-217,711-661,644-78,284-302,699-3,258,606-368,761-126,620-273,179-207,468-172,303
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-80,9300-59,847110,00078,70700-537,453-97,000-62,622-84,803719,919-660,3311,288,522
Other Short Term Loans 00000000000000
Long term loans00000000000-1,00001,000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000-680,6530-64,160-1,528-1,52867,2161,00003,378,384
interest5,484-73,6882,2806,5634,2301,085387-14,5663,4133,3202,1942,1091,848378
cash flow from financing-75,446-73,688-57,567116,56382,937-679,568387-616,179-95,115-60,830-15,393722,028-658,4834,668,284
cash and cash equivalents
cash466,125901,423575,765-266,550429,63595,275360,919462,721-2,367,599860,0151,211,895-531,735623,319250,024
overdraft00000000000000
change in cash466,125901,423575,765-266,550429,63595,275360,919462,721-2,367,599860,0151,211,895-531,735623,319250,024

j.a. jewitt (meat) 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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J.a. Jewitt (meat) Limited Competitor Analysis

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Perform a competitor analysis for j.a. jewitt (meat) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in DL16 area or any other competitors across 12 key performance metrics.

j.a. jewitt (meat) limited Ownership

J.A. JEWITT (MEAT) LIMITED group structure

J.A. Jewitt (Meat) Limited has 1 subsidiary company.

Ultimate parent company

1 parent

J.A. JEWITT (MEAT) LIMITED

01415925

1 subsidiary

J.A. JEWITT (MEAT) LIMITED Shareholders

j.a. jewitt 49.95%
mrs verona jewitt 25.05%
mr michael david jewitt 25%

j.a. jewitt (meat) limited directors

J.A. Jewitt (Meat) Limited currently has 5 directors. The longest serving directors include Mrs Verona Jewitt (Dec 1991) and Mr Michael Jewitt (Dec 1991).

officercountryagestartendrole
Mrs Verona Jewitt84 years Dec 1991- Director
Mr Michael Jewitt55 years Dec 1991- Director
Ms Caroline Jewitt54 years Sep 2002- Director
Mrs Caroline JewittEngland53 years Sep 2002- Director
Mr William Jewitt25 years Apr 2021- Director

P&L

March 2023

turnover

44.6m

+12%

operating profit

1.4m

-36%

gross margin

7.7%

-10.65%

turnover

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

Balance Sheet

March 2023

net assets

12.7m

+0.11%

total assets

15.5m

+0.06%

cash

3.1m

+0.18%

net assets

Total assets minus all liabilities

j.a. jewitt (meat) limited company details

company number

01415925

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

February 1979

age

46

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2023

previous names

N/A

accountant

-

auditor

BAINES JEWITT LIMITED

address

low house farm, middlestone moor, spennymoor, co durham, DL16 7QD

Bank

BARCLAYS BANK PLC

Legal Advisor

-

j.a. jewitt (meat) 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 j.a. jewitt (meat) limited. Currently there are 1 open charges and 4 have been satisfied in the past.

j.a. jewitt (meat) 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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j.a. jewitt (meat) limited Companies House Filings - See Documents

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