Hurst Bros. (produce Merchants) Limited

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hurst bros. (produce merchants) limited Company Information

Live

MatureMidHealthy

Company Number

01560635

Next Accounts

May 2025

Industry

Wholesale of fruit and vegetables

Directors

Robert Hurst

Ian Hurst

Shareholders

mr robert joseph hurst

mr ian henry hurst

Group Structure

View All

Contact

Registered Address

1st floor 8-12 london street, southport, merseyside, PR9 0UE

Website

www.hurstbros.co.uk

hurst bros. (produce merchants) limited Estimated Valuation

£7.7m

Pomanda estimates the enterprise value of HURST BROS. (PRODUCE MERCHANTS) LIMITED at £7.7m based on Net Assets of £3.9m and 1.94x industry multiple (adjusted for liquidity).

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Hurst Bros. (produce Merchants) Limited is a live company located in merseyside, PR9 0UE with a Companies House number of 01560635. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in May 1981, it's largest shareholder is mr robert joseph hurst with a 50% stake. Hurst Bros. (produce Merchants) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Hurst Bros. (Produce Merchants) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £10.6m, make it smaller than the average company (£21.7m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.5%)

EXPORT

Hurst Bros. (Produce Merchants) Limited's latest turnover from August 2023 is estimated at £10.6 million and the company has net assets of £3.9 million. According to their latest financial statements, Hurst Bros. (Produce Merchants) Limited has 32 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	10,571,364	9,692,076	8,954,746	7,792,766	7,396,001	8,232,347	7,381,215	7,543,360	5,452,593	5,334,502	4,875,889	4,390,869	5,765,273	5,620,644	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,264,907	8,527,473	7,844,561	6,914,012	6,586,929	7,393,654	6,563,768	6,721,146	4,825,308	4,773,023	4,361,846	2,862,230	4,089,092	5,042,771	0
Gross Profit	1,306,457	1,164,603	1,110,185	878,754	809,072	838,693	817,447	822,214	627,285	561,479	514,043	1,528,639	1,676,181	577,872	0
Admin Expenses	1,237,680	966,288	357,049	483,991	409,038	484,089	634,795	749,240	714,318	487,158	59,733	1,399,837	1,371,994	458,824	-1,906,989
Operating Profit	68,777	198,315	753,136	394,763	400,034	354,604	182,652	72,974	-87,033	74,321	454,310	128,802	304,187	119,048	1,906,989
Interest Payable	101	70	55	27	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	115,981	38,390	2,140	1,534	8,564	9,074	3,263	3,343	7,198	7,264	6,557	5,385	5,157	5,479	2,336
Pre-Tax Profit	184,657	236,636	755,221	396,269	408,598	363,678	185,915	76,318	-79,835	81,585	460,868	134,187	309,344	124,526	1,909,325
Tax	-46,164	-44,961	-143,492	-75,291	-77,634	-69,099	-35,324	-15,263	0	-17,133	-106,000	-25,652	-63,589	-34,867	-534,611
Profit After Tax	138,493	191,675	611,729	320,978	330,964	294,579	150,591	61,054	-79,835	64,452	354,868	108,535	245,755	89,659	1,374,714
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	201,780	108,900	0	0
Retained Profit	138,493	191,675	611,729	320,978	330,964	294,579	150,591	61,054	-79,835	64,452	354,868	-93,245	136,855	89,659	1,374,714
Employee Costs	1,143,022	1,106,183	1,086,796	1,062,495	982,938	22,660	22,644	905,421	425,537	391,870	393,707	345,211	425,672	370,865	0
Number Of Employees	32	33	34	33	32	33	30	31	15	14	14	12	14	13	0
EBITDA*	267,196	393,164	951,386	580,282	562,618	507,780	299,620	202,867	17,821	183,768	573,497	241,517	408,613	230,790	2,004,184

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	732,135	811,651	735,216	669,581	758,772	665,817	475,934	469,082	450,658	361,023	374,225	358,752	333,420	362,257	322,467
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	732,135	811,651	735,216	669,581	758,772	665,817	475,934	469,082	450,658	361,023	374,225	358,752	333,420	362,257	322,467
Stock & work in progress	147,887	120,033	133,363	104,252	83,820	93,570	91,431	76,991	53,942	61,912	55,081	29,687	25,433	51,484	54,028
Trade Debtors	1,491,098	1,316,128	1,141,084	958,102	1,107,492	1,073,224	860,595	771,352	661,270	571,991	582,724	536,881	562,973	527,045	561,238
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	140,228	309,838	69,199	63,546	170,967	67,865	66,271	46,892	0	0	0	24,288	27,602	0	0
Cash	2,396,767	2,021,563	2,365,921	1,913,228	1,154,871	1,128,794	1,290,891	1,319,745	1,354,815	1,524,276	1,381,124	1,241,733	1,179,403	1,257,095	934,429
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,175,980	3,767,562	3,709,567	3,039,128	2,517,150	2,363,453	2,309,188	2,214,980	2,070,027	2,158,179	2,018,929	1,832,589	1,795,411	1,835,624	1,549,695
total assets	4,908,115	4,579,213	4,444,783	3,708,709	3,275,922	3,029,270	2,785,122	2,684,062	2,520,685	2,519,202	2,393,154	2,191,341	2,128,831	2,197,881	1,872,162
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	648,274	462,209	471,535	425,135	343,603	393,599	515,251	548,241	597,579	548,735	497,287	561,677	353,030	653,000	496,448
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	20,435	13,524	57,754	0
other short term finances	900	900	900	900	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	0
other current liabilities	178,867	160,004	218,077	159,028	121,533	180,075	117,341	138,423	0	0	0	72,175	134,072	0	0
total current liabilities	828,041	623,113	690,512	585,063	465,136	573,674	632,592	686,664	597,579	548,735	497,287	654,287	500,626	710,754	496,448
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	131,543	146,062	135,908	117,012	125,130	100,904	92,417	87,876	74,638	42,164	32,016	28,071	25,977	21,754	0
total long term liabilities	131,543	146,062	135,908	117,012	125,130	100,904	92,417	87,876	74,638	42,164	32,016	28,071	25,977	21,754	0
total liabilities	959,584	769,175	826,420	702,075	590,266	674,578	725,009	774,540	672,217	590,899	529,303	682,358	526,603	732,508	496,448
net assets	3,948,531	3,810,038	3,618,363	3,006,634	2,685,656	2,354,692	2,060,113	1,909,522	1,848,468	1,928,303	1,863,851	1,508,983	1,602,228	1,465,373	1,375,714
total shareholders funds	3,948,531	3,810,038	3,618,363	3,006,634	2,685,656	2,354,692	2,060,113	1,909,522	1,848,468	1,928,303	1,863,851	1,508,983	1,602,228	1,465,373	1,375,714

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	68,777	198,315	753,136	394,763	400,034	354,604	182,652	72,974	-87,033	74,321	454,310	128,802	304,187	119,048	1,906,989
Depreciation	198,419	194,849	198,250	185,519	162,584	153,176	116,968	129,893	104,854	109,447	119,187	112,715	104,426	111,742	97,195
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-46,164	-44,961	-143,492	-75,291	-77,634	-69,099	-35,324	-15,263	0	-17,133	-106,000	-25,652	-63,589	-34,867	-534,611
Stock	27,854	-13,330	29,111	20,432	-9,750	2,139	14,440	23,049	-7,970	6,831	25,394	4,254	-26,051	-2,544	54,028
Debtors	5,360	415,683	188,635	-256,811	137,370	214,223	108,622	156,974	89,279	-10,733	21,555	-29,406	63,530	-34,193	561,238
Creditors	186,065	-9,326	46,400	81,532	-49,996	-121,652	-32,990	-49,338	48,844	51,448	-64,390	208,647	-299,970	156,552	496,448
Accruals and Deferred Income	18,863	-58,073	59,049	37,495	-58,542	62,734	-21,082	138,423	0	0	-72,175	-61,897	134,072	0	0
Deferred Taxes & Provisions	-14,519	10,154	18,896	-8,118	24,226	8,487	4,541	13,238	32,474	10,148	3,945	2,094	4,223	21,754	0
Cash flow from operations	378,227	-111,395	714,493	852,279	273,052	171,888	91,703	109,904	17,830	232,133	287,928	389,861	145,870	410,966	1,350,755
Investing Activities
capital expenditure	-118,903	-271,284	-263,885	-96,328	-255,539	-343,059	-123,820	-148,317	-194,489	-96,245	-134,660	-138,047	-75,589	-151,532	-419,662
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-118,903	-271,284	-263,885	-96,328	-255,539	-343,059	-123,820	-148,317	-194,489	-96,245	-134,660	-138,047	-75,589	-151,532	-419,662
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-20,435	6,911	-44,230	57,754	0
Other Short Term Loans	0	0	0	900	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	115,880	38,320	2,085	1,507	8,564	9,074	3,263	3,343	7,198	7,264	6,557	5,385	5,157	5,479	2,336
cash flow from financing	115,880	38,320	2,085	2,407	8,564	9,074	3,263	3,343	7,198	7,264	-13,878	12,296	-39,073	63,233	3,336
cash and cash equivalents
cash	375,204	-344,358	452,693	758,357	26,077	-162,097	-28,854	-35,070	-169,461	143,152	139,391	62,330	-77,692	322,666	934,429
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	375,204	-344,358	452,693	758,357	26,077	-162,097	-28,854	-35,070	-169,461	143,152	139,391	62,330	-77,692	322,666	934,429

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for hurst bros. (produce merchants) 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 PR9 area or any other competitors across 12 key performance metrics.

HURST BROS. (PRODUCE MERCHANTS) LIMITED group structure

Hurst Bros. (Produce Merchants) Limited has no subsidiary companies.

Ultimate parent company

HURST BROS. (PRODUCE MERCHANTS) LIMITED

01560635

HURST BROS. (PRODUCE MERCHANTS) LIMITED Shareholders

mr robert joseph hurst	50%
mr ian henry hurst	50%

Hurst Bros. (Produce Merchants) Limited currently has 2 directors. The longest serving directors include Mr Robert Hurst (May 2008) and Mr Ian Hurst (May 2008).

officer	country	age	start	end	role
Mr Robert Hurst	United Kingdom	53 years	May 2008	-	Director
Mr Ian Hurst	United Kingdom	57 years	May 2008	-	Director

P&L

August 2023

turnover

10.6m

+9%

operating profit

68.8k

gross margin

12.4%

+2.85%

turnover

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

Balance Sheet

August 2023

net assets

3.9m

+0.04%

total assets

4.9m

+0.07%

cash

2.4m

+0.19%

net assets

Total assets minus all liabilities

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company number

01560635

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

incorporation date

May 1981

ultimate parent company

None

previous names

N/A

address

1st floor 8-12 london street, southport, merseyside, PR9 0UE

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 did not find charges/mortgages relating to hurst bros. (produce merchants) limited.

hurst bros. (produce merchants) limited Company Information

hurst bros. (produce merchants) limited Estimated Valuation

hurst bros. (produce merchants) limited Estimated Valuation

hurst bros. (produce merchants) limited Estimated Valuation

Hurst Bros. (produce Merchants) Limited Overview

Hurst Bros. (produce Merchants) Limited Health Check

HURST BROS. (PRODUCE MERCHANTS) LIMITED financials

hurst bros. (produce merchants) limited Credit Report and Business Information

Hurst Bros. (produce Merchants) Limited Competitor Analysis

hurst bros. (produce merchants) limited Ownership

hurst bros. (produce merchants) limited directors

hurst bros. (produce merchants) limited company details

hurst bros. (produce merchants) limited Charges & Mortgages

hurst bros. (produce merchants) limited Companies House Filings - See Documents