central meat (smithfield) limited

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central meat (smithfield) limited Company Information

Share CENTRAL MEAT (SMITHFIELD) LIMITED

Company Number

01547227

Directors

Paul Stratis

Shareholders

stratis meats ltd

eleni stratis

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Group Structure

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Industry

Wholesale of meat and meat products

 

Registered Address

1 kings avenue, london, N21 3NA

central meat (smithfield) limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of CENTRAL MEAT (SMITHFIELD) LIMITED at £1.7m based on a Turnover of £5.9m and 0.29x industry multiple (adjusted for size and gross margin).

central meat (smithfield) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CENTRAL MEAT (SMITHFIELD) LIMITED at £0 based on an EBITDA of £-15.2k and a 3.86x industry multiple (adjusted for size and gross margin).

central meat (smithfield) limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of CENTRAL MEAT (SMITHFIELD) LIMITED at £3m based on Net Assets of £1.3m and 2.37x industry multiple (adjusted for liquidity).

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Central Meat (smithfield) Limited Overview

Central Meat (smithfield) Limited is a live company located in london, N21 3NA with a Companies House number of 01547227. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in February 1981, it's largest shareholder is stratis meats ltd with a 100% stake. Central Meat (smithfield) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with healthy growth in recent years.

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Central Meat (smithfield) Limited Health Check

Pomanda's financial health check has awarded Central Meat (Smithfield) Limited a 4 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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £5.9m, make it smaller than the average company (£27.4m)

£5.9m - Central Meat (smithfield) Limited

£27.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11.1%)

7% - Central Meat (smithfield) Limited

11.1% - Industry AVG

production

Production

with a gross margin of 12.8%, this company has a comparable cost of product (12.8%)

12.8% - Central Meat (smithfield) Limited

12.8% - Industry AVG

profitability

Profitability

an operating margin of -0.5% make it less profitable than the average company (2.8%)

-0.5% - Central Meat (smithfield) Limited

2.8% - Industry AVG

employees

Employees

with 22 employees, this is below the industry average (34)

22 - Central Meat (smithfield) Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)

£40.3k - Central Meat (smithfield) Limited

£40.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £269.3k, this is less efficient (£581.6k)

£269.3k - Central Meat (smithfield) Limited

£581.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is near the average (33 days)

32 days - Central Meat (smithfield) Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is slower than average (27 days)

32 days - Central Meat (smithfield) Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 5 days, this is less than average (16 days)

5 days - Central Meat (smithfield) Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (14 weeks)

44 weeks - Central Meat (smithfield) Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.8%, this is a lower level of debt than the average (52.6%)

45.8% - Central Meat (smithfield) Limited

52.6% - Industry AVG

CENTRAL MEAT (SMITHFIELD) LIMITED financials

EXPORTms excel logo

Central Meat (Smithfield) Limited's latest turnover from March 2024 is estimated at £5.9 million and the company has net assets of £1.3 million. According to their latest financial statements, Central Meat (Smithfield) Limited has 22 employees and maintains cash reserves of £908.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover5,924,7625,493,0375,653,1524,871,3954,812,4384,837,3295,884,9674,582,5124,634,4214,977,4636,305,8777,842,6148,233,6859,607,5058,198,362
Other Income Or Grants
Cost Of Sales5,164,8104,773,6654,811,5604,250,6184,202,1414,168,7245,265,3874,101,0884,045,2504,420,3215,637,5896,993,5117,348,8918,496,8157,336,255
Gross Profit759,953719,372841,592620,777610,297668,604619,581481,423589,172557,142668,289849,103884,7941,110,690862,107
Admin Expenses791,904-481,224696,376562,167576,274671,061616,681495,099733,362563,887623,572829,057876,7521,097,484373,758
Operating Profit-31,9511,200,596145,21658,61034,023-2,4572,900-13,676-144,190-6,74544,71720,0468,04213,206488,349
Interest Payable1,3321,7736,1003,050
Interest Receivable40,6924232011,0619515661,5091,4551,5962,1681,8031,294723
Pre-Tax Profit8,7411,199,264143,44352,93331,174-1,3963,852-13,110-142,681-5,29046,31322,2149,84514,500489,072
Tax-2,185-228,530-26,857-10,057-5,923-732-9,726-5,109-2,363-3,770-136,940
Profit After Tax6,556970,734116,58642,87625,251-1,3963,120-13,110-142,681-5,29036,58717,1057,48210,730352,132
Dividends Paid
Retained Profit6,556970,734116,58642,87625,251-1,3963,120-13,110-142,681-5,29036,58717,1057,48210,730352,132
Employee Costs885,604781,653566,306469,124496,297623,940629,890519,854579,380358,529430,226526,498503,909647,387570,824
Number Of Employees222116141520221820131620192420
EBITDA*-15,1821,214,969158,20273,62749,23415,13123,3909,389-118,40022,58274,11745,21450,19457,704514,895

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets741,310735,170717,693706,524710,266721,511735,133746,157685,920701,551696,318141,752177,690183,321211,264
Intangible Assets3,9647,93011,89615,86219,82823,79427,76031,72635,69239,65843,62447,59051,55655,52259,488
Investments & Other
Debtors (Due After 1 year)764,115
Total Fixed Assets745,2741,507,215729,589722,386730,094745,305762,893777,883721,612741,209739,942189,342229,246238,843270,752
Stock & work in progress72,20577,90545,78830,72768,64171,01255,87552,66152,50451,35283,873100,88763,37060,52639,191
Trade Debtors532,878732,068617,271439,350483,512481,372459,424417,490413,855507,801710,250804,405789,9841,115,288880,447
Group Debtors32,11732,11732,11756,57164,888111,358189,733151,57256,122
Misc Debtors84,50447,58255,93339,03015,79531,20744,89118,87443,910197,415
Cash908,738641,430348,968514,132332,68370,196212,855167,721285,045318,376263,767374,520492,657228,343289,151
misc current assets
total current assets1,630,4421,531,1021,100,0771,079,810965,519765,145962,778808,318851,4361,074,9441,057,8901,279,8121,346,0111,404,1571,208,789
total assets2,375,7163,038,3171,829,6661,802,1961,695,6131,510,4501,725,6711,586,2011,573,0481,816,1531,797,8321,469,1541,575,2571,643,0001,479,541
Bank overdraft
Bank loan33,33333,333
Trade Creditors 466,347788,483650,158646,378580,442530,920752,107597,680543,641670,988788,7961,076,7051,199,9131,275,1381,122,409
Group/Directors Accounts497,629695,34627,2465,488102,768
other short term finances
hp & lease commitments
other current liabilities109,448262,55469,54658,96455,54649,13539,99144,86044,390129,802
total current liabilities1,073,4241,746,383780,283738,675641,476580,055792,098642,540690,799800,790788,7961,076,7051,199,9131,275,1381,122,409
loans33,33466,667100,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions15,61011,8086,6574,0484,2075,7167,49820,70621,18411,617
total long term liabilities15,61011,80839,99170,715104,2075,7167,49820,70621,18411,617
total liabilities1,089,0341,758,191820,274809,390745,683585,771799,596663,246711,983812,407788,7961,076,7051,199,9131,275,1381,122,409
net assets1,286,6821,280,1261,009,392992,806949,930924,679926,075922,955861,0651,003,7461,009,036392,449375,344367,862357,132
total shareholders funds1,286,6821,280,1261,009,392992,806949,930924,679926,075922,955861,0651,003,7461,009,036392,449375,344367,862357,132
Mar 2024Mar 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-31,9511,200,596145,21658,61034,023-2,4572,900-13,676-144,190-6,74544,71720,0468,04213,206488,349
Depreciation12,80310,4079,02011,05111,24513,62216,52419,09921,82425,36125,43425,16838,18640,53222,580
Amortisation3,9663,9663,9663,9663,9663,9663,9663,9663,9663,9663,9663,9663,9663,966
Tax-2,185-228,530-26,857-10,057-5,923-732-9,726-5,109-2,363-3,770-136,940
Stock-5,70032,11715,061-37,914-2,37115,1373,2141571,152-32,521-17,01437,5172,84421,33539,191
Debtors-926,383870,561170,370-29,244-59,742-70,111106,11274,049-191,329-5,034-94,15514,421-325,304234,841880,447
Creditors-322,136138,3253,78065,93649,522-221,187154,42754,039-127,347-117,808-287,909-123,208-75,225152,7291,122,409
Accruals and Deferred Income-153,106193,00810,5823,4186,4119,144-4,869470-85,412129,802
Deferred Taxes & Provisions3,8025,1512,609-159-1,509-1,782-13,208-4789,56711,617
Cash flow from operations443,276420,245-37,115199,923159,848-143,72049,682-10,786-131,41583,748-112,349-135,041295,066-49,513580,726
Investing Activities
capital expenditure-18,943-27,884-20,189-7,309-5,500-79,336-6,193-30,594-580,00014,736-32,555-12,589-297,298
Change in Investments
cash flow from investments-18,943-27,884-20,189-7,309-5,500-79,336-6,193-30,594-580,00014,736-32,555-12,589-297,298
Financing Activities
Bank loans-33,33333,333
Group/Directors Accounts-197,717668,10027,246-5,4885,488-102,768102,768
Other Short Term Loans
Long term loans-33,334-33,333-33,333100,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue-700,000-100,00075,000580,0005,000
interest40,692-1,332-1,773-5,677-2,8491,0619515661,5091,4551,5962,1681,8031,294723
cash flow from financing-157,025-99,899-107,860-11,165102,6391,061951-27,202104,2771,455581,5962,1681,8031,2945,723
cash and cash equivalents
cash267,308292,462-165,164181,449262,487-142,65945,134-117,324-33,33154,609-110,753-118,137264,314-60,808289,151
overdraft
change in cash267,308292,462-165,164181,449262,487-142,65945,134-117,324-33,33154,609-110,753-118,137264,314-60,808289,151

central meat (smithfield) 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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Central Meat (smithfield) Limited Competitor Analysis

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Perform a competitor analysis for central meat (smithfield) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in N21 area or any other competitors across 12 key performance metrics.

central meat (smithfield) limited Ownership

CENTRAL MEAT (SMITHFIELD) LIMITED group structure

Central Meat (Smithfield) Limited has no subsidiary companies.

Ultimate parent company

1 parent

CENTRAL MEAT (SMITHFIELD) LIMITED

01547227

CENTRAL MEAT (SMITHFIELD) LIMITED Shareholders

stratis meats ltd 99.96%
eleni stratis 0.02%
george stratis 0.02%

central meat (smithfield) limited directors

Central Meat (Smithfield) Limited currently has 1 director, Mr Paul Stratis serving since Mar 1996.

officercountryagestartendrole
Mr Paul StratisUnited Kingdom54 years Mar 1996- Director

P&L

March 2024

turnover

5.9m

+8%

operating profit

-32k

0%

gross margin

12.9%

-2.06%

turnover

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

Balance Sheet

March 2024

net assets

1.3m

+0.01%

total assets

2.4m

-0.22%

cash

908.7k

+0.42%

net assets

Total assets minus all liabilities

central meat (smithfield) limited company details

company number

01547227

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

February 1981

age

44

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

AGK PARTNERS

auditor

-

address

1 kings avenue, london, N21 3NA

Bank

HSBC BANK PLC

Legal Advisor

-

central meat (smithfield) 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 central meat (smithfield) limited. Currently there are 4 open charges and 1 have been satisfied in the past.

central meat (smithfield) 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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central meat (smithfield) limited Companies House Filings - See Documents

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