newly weds foods (banbury) limited
newly weds foods (banbury) limited Company Information
Company Number
01606367
Website
newlywedsfoods.co.ukRegistered Address
centre square 5th floor, 29 wellington street, leeds, west yorkshire, LS1 4DL
Industry
Manufacture of other food products n.e.c.
Telephone
-
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
newly weds foods limited 100%
newly weds foods (banbury) limited Estimated Valuation
Pomanda estimates the enterprise value of NEWLY WEDS FOODS (BANBURY) LIMITED at £47.8m based on a Turnover of £39.2m and 1.22x industry multiple (adjusted for size and gross margin).
newly weds foods (banbury) limited Estimated Valuation
Pomanda estimates the enterprise value of NEWLY WEDS FOODS (BANBURY) LIMITED at £60.5m based on an EBITDA of £7.1m and a 8.51x industry multiple (adjusted for size and gross margin).
newly weds foods (banbury) limited Estimated Valuation
Pomanda estimates the enterprise value of NEWLY WEDS FOODS (BANBURY) LIMITED at £24.7m based on Net Assets of £11.8m and 2.09x industry multiple (adjusted for liquidity).
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Newly Weds Foods (banbury) Limited Overview
Newly Weds Foods (banbury) Limited is a dissolved company that was located in leeds, LS1 4DL with a Companies House number of 01606367. It operated in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in January 1982, it's largest shareholder was newly weds foods limited with a 100% stake. The last turnover for Newly Weds Foods (banbury) Limited was estimated at £39.2m.
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Newly Weds Foods (banbury) Limited Health Check
Pomanda's financial health check has awarded Newly Weds Foods (Banbury) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £39.2m, make it larger than the average company (£17.9m)
£39.2m - Newly Weds Foods (banbury) Limited
£17.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Newly Weds Foods (banbury) Limited
- - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (24.2%)
26.4% - Newly Weds Foods (banbury) Limited
24.2% - Industry AVG
Profitability
an operating margin of 16.6% make it more profitable than the average company (3.6%)
16.6% - Newly Weds Foods (banbury) Limited
3.6% - Industry AVG
Employees
with 171 employees, this is above the industry average (115)
171 - Newly Weds Foods (banbury) Limited
115 - Industry AVG
Pay Structure
on an average salary of £43.7k, the company has a higher pay structure (£28.6k)
£43.7k - Newly Weds Foods (banbury) Limited
£28.6k - Industry AVG
Efficiency
resulting in sales per employee of £229.2k, this is more efficient (£193.2k)
£229.2k - Newly Weds Foods (banbury) Limited
£193.2k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (50 days)
61 days - Newly Weds Foods (banbury) Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (42 days)
61 days - Newly Weds Foods (banbury) Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (41 days)
17 days - Newly Weds Foods (banbury) Limited
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)
0 weeks - Newly Weds Foods (banbury) Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.3%, this is a lower level of debt than the average (62.6%)
37.3% - Newly Weds Foods (banbury) Limited
62.6% - Industry AVG
newly weds foods (banbury) limited Credit Report and Business Information
Newly Weds Foods (banbury) Limited Competitor Analysis
Perform a competitor analysis for newly weds foods (banbury) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
newly weds foods (banbury) limited Ownership
NEWLY WEDS FOODS (BANBURY) LIMITED group structure
Newly Weds Foods (Banbury) Limited has no subsidiary companies.
Ultimate parent company
NEWLY WEDS FOODS INC
#0043021
2 parents
NEWLY WEDS FOODS (BANBURY) LIMITED
01606367
newly weds foods (banbury) limited directors
Newly Weds Foods (Banbury) Limited currently has 5 directors. The longest serving directors include Mr Bryan Day (Apr 1998) and Mr Brian Johnson (Jun 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bryan Day | 69 years | Apr 1998 | - | Director | |
| Mr Brian Johnson | 69 years | Jun 2010 | - | Director | |
| Mr Michael Hopp | 69 years | Jun 2010 | - | Director | |
| Mr Charles Angell | 83 years | Jun 2010 | - | Director | |
| Mr John Seely | 69 years | Jun 2010 | - | Director |
NEWLY WEDS FOODS (BANBURY) LIMITED financials
Newly Weds Foods (Banbury) Limited's latest turnover from December 2012 is £39.2 million and the company has net assets of £11.8 million. According to their latest financial statements, Newly Weds Foods (Banbury) Limited has 171 employees and maintains cash reserves of £20 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|
| Turnover | 39,197,673 | 38,463,183 | 26,192,000 | 35,140,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 28,839,103 | 28,088,877 | 17,936,000 | 25,053,000 |
| Gross Profit | 10,358,570 | 10,374,306 | 8,256,000 | 10,087,000 |
| Admin Expenses | 3,870,606 | 4,052,491 | 3,109,000 | 6,204,000 |
| Operating Profit | 6,487,964 | 6,321,815 | 5,147,000 | 3,883,000 |
| Interest Payable | 23,429 | 74,882 | 210,000 | 180,000 |
| Interest Receivable | 661 | 1,779 | 2,000 | 5,000 |
| Pre-Tax Profit | 6,465,196 | 6,248,712 | 4,939,000 | 3,708,000 |
| Tax | -1,484,860 | -1,548,281 | -1,331,000 | -912,000 |
| Profit After Tax | 4,980,336 | 4,700,431 | 3,608,000 | 2,796,000 |
| Dividends Paid | 3,171,699 | 6,000,000 | 0 | 2,500,000 |
| Retained Profit | 1,808,637 | -1,299,569 | 3,608,000 | 296,000 |
| Employee Costs | 7,475,105 | 7,167,708 | 4,869,000 | 5,456,000 |
| Number Of Employees | 171 | 158 | 160 | 160 |
| EBITDA* | 7,108,357 | 6,944,749 | 5,637,000 | 4,589,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|
| Tangible Assets | 2,845,417 | 3,031,166 | 3,504,000 | 3,876,000 |
| Intangible Assets | 0 | 0 | 3,000 | 15,000 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 5,202,316 | 5,824,000 | 0 |
| Total Fixed Assets | 2,845,417 | 8,233,482 | 9,331,000 | 3,891,000 |
| Stock & work in progress | 1,377,950 | 1,117,454 | 1,084,000 | 947,000 |
| Trade Debtors | 6,575,044 | 5,769,639 | 5,528,000 | 5,128,000 |
| Group Debtors | 7,514,070 | 0 | 0 | 1,024,000 |
| Misc Debtors | 553,519 | 541,600 | 591,000 | 635,000 |
| Cash | 19,956 | 517,346 | 806,000 | 685,000 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 16,040,539 | 7,946,039 | 8,009,000 | 8,419,000 |
| total assets | 18,885,956 | 16,179,521 | 17,340,000 | 12,310,000 |
| Bank overdraft | 0 | 0 | 0 | 901,000 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,893,544 | 4,028,736 | 3,686,000 | 3,634,000 |
| Group/Directors Accounts | 147,614 | 24,420 | 345,000 | 0 |
| other short term finances | 0 | 2,916 | 9,000 | 9,000 |
| hp & lease commitments | 0 | 0 | 0 | 204,000 |
| other current liabilities | 1,718,142 | 1,123,858 | 855,000 | 619,000 |
| total current liabilities | 6,759,300 | 5,179,930 | 4,895,000 | 5,367,000 |
| loans | 0 | 0 | 3,000 | 9,000 |
| hp & lease commitments | 0 | 0 | 0 | 338,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 280,246 | 961,818 | 1,105,000 | 1,131,000 |
| total long term liabilities | 280,246 | 961,818 | 1,108,000 | 1,478,000 |
| total liabilities | 7,039,546 | 6,141,748 | 6,003,000 | 6,845,000 |
| net assets | 11,846,410 | 10,037,773 | 11,337,000 | 5,465,000 |
| total shareholders funds | 11,846,410 | 10,037,773 | 11,337,000 | 5,465,000 |
| Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 6,487,964 | 6,321,815 | 5,147,000 | 3,883,000 |
| Depreciation | 620,393 | 619,078 | 478,000 | 694,000 |
| Amortisation | 0 | 3,856 | 12,000 | 12,000 |
| Tax | -1,484,860 | -1,548,281 | -1,331,000 | -912,000 |
| Stock | 260,496 | 33,454 | 1,084,000 | 947,000 |
| Debtors | 3,129,078 | -429,445 | 11,943,000 | 6,787,000 |
| Creditors | 864,808 | 342,736 | 3,686,000 | 3,634,000 |
| Accruals and Deferred Income | 594,284 | 268,858 | 855,000 | 619,000 |
| Deferred Taxes & Provisions | -681,572 | -143,182 | 1,105,000 | 1,131,000 |
| Cash flow from operations | 3,011,443 | 6,260,871 | -3,075,000 | 1,327,000 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 123,194 | -320,580 | 345,000 | 0 |
| Other Short Term Loans | -2,916 | -6,084 | 9,000 | 9,000 |
| Long term loans | 0 | -3,000 | 3,000 | 9,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 542,000 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -22,768 | -73,103 | -208,000 | -175,000 |
| cash flow from financing | 97,510 | -402,425 | 7,878,000 | 5,554,000 |
| cash and cash equivalents | ||||
| cash | -497,390 | -288,654 | 806,000 | 685,000 |
| overdraft | 0 | 0 | 0 | 901,000 |
| change in cash | -497,390 | -288,654 | 806,000 | -216,000 |
P&L
December 2012turnover
39.2m
+2%
operating profit
6.5m
+3%
gross margin
26.5%
-2.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2012net assets
11.8m
+0.18%
total assets
18.9m
+0.17%
cash
20k
-0.96%
net assets
Total assets minus all liabilities
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newly weds foods (banbury) limited company details
company number
01606367
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
January 1982
age
42
accounts
Full Accounts
ultimate parent company
previous names
witwood food products limited (August 2011)
incorporated
UK
address
centre square 5th floor, 29 wellington street, leeds, west yorkshire, LS1 4DL
last accounts submitted
December 2012
newly weds foods (banbury) 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 9 charges/mortgages relating to newly weds foods (banbury) limited. Currently there are 0 open charges and 9 have been satisfied in the past.
newly weds foods (banbury) limited Companies House Filings - See Documents
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