absalom and tribe limited

absalom and tribe limited Company Information

Share ABSALOM AND TRIBE LIMITED
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MatureMidHigh

Company Number

01613848

Industry

Wholesale of meat and meat products

 

Shareholders

absalom holdings ltd

Group Structure

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Contact

Registered Address

matrix house 12-16 lionel road, canvey island, essex, SS8 9DE

absalom and tribe limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of ABSALOM AND TRIBE LIMITED at £6.5m based on a Turnover of £18.4m and 0.35x industry multiple (adjusted for size and gross margin).

absalom and tribe limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ABSALOM AND TRIBE LIMITED at £0 based on an EBITDA of £-700.4k and a 4.97x industry multiple (adjusted for size and gross margin).

absalom and tribe limited Estimated Valuation

£126.5k

Pomanda estimates the enterprise value of ABSALOM AND TRIBE LIMITED at £126.5k based on Net Assets of £58.1k and 2.18x industry multiple (adjusted for liquidity).

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Absalom And Tribe Limited Overview

Absalom And Tribe Limited is a live company located in essex, SS8 9DE with a Companies House number of 01613848. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in February 1982, it's largest shareholder is absalom holdings ltd with a 100% stake. Absalom And Tribe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.4m with high growth in recent years.

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Absalom And Tribe Limited Health Check

Pomanda's financial health check has awarded Absalom And Tribe Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £18.4m, make it smaller than the average company (£25.5m)

£18.4m - Absalom And Tribe Limited

£25.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.7%)

17% - Absalom And Tribe Limited

8.7% - Industry AVG

production

Production

with a gross margin of 12.1%, this company has a comparable cost of product (12.1%)

12.1% - Absalom And Tribe Limited

12.1% - Industry AVG

profitability

Profitability

an operating margin of -4.1% make it less profitable than the average company (2.9%)

-4.1% - Absalom And Tribe Limited

2.9% - Industry AVG

employees

Employees

with 29 employees, this is similar to the industry average (34)

29 - Absalom And Tribe Limited

34 - Industry AVG

paystructure

Pay Structure

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

£37.8k - Absalom And Tribe Limited

£37.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £634.8k, this is equally as efficient (£571.2k)

£634.8k - Absalom And Tribe Limited

£571.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is near the average (32 days)

36 days - Absalom And Tribe Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 52 days, this is slower than average (27 days)

52 days - Absalom And Tribe Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (17 days)

2 days - Absalom And Tribe Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)

1 weeks - Absalom And Tribe Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.6%, this is a higher level of debt than the average (54.7%)

98.6% - Absalom And Tribe Limited

54.7% - Industry AVG

ABSALOM AND TRIBE LIMITED financials

EXPORTms excel logo

Absalom And Tribe Limited's latest turnover from October 2023 is estimated at £18.4 million and the company has net assets of £58.1 thousand. According to their latest financial statements, Absalom And Tribe Limited has 29 employees and maintains cash reserves of £91.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover18,409,58317,161,67716,909,11511,349,14011,938,78114,158,72713,355,0907,682,89111,347,18211,743,01211,491,66411,631,56110,792,5899,849,9489,577,777
Other Income Or Grants000000000000000
Cost Of Sales16,182,61014,867,04614,878,61810,015,68710,484,30512,828,51211,958,4666,721,57710,058,31410,439,85310,333,94410,494,1289,588,0628,739,1388,589,983
Gross Profit2,226,9732,294,6312,030,4961,333,4521,454,4761,330,2151,396,624961,3141,288,8681,303,1591,157,7201,137,4331,204,5271,110,810987,794
Admin Expenses2,974,6731,655,6392,116,675937,8941,556,6901,330,7221,396,843962,0631,215,4411,233,5101,095,8041,075,0061,144,3841,095,871987,990
Operating Profit-747,700638,992-86,179395,558-102,214-507-219-74973,42769,64961,91662,42760,14314,939-196
Interest Payable000000000008335885887
Interest Receivable4,1871,7324443923210867000000161
Pre-Tax Profit-743,513640,725-86,135395,562-102,175-275-111-68269,03262,33461,91661,59459,55514,351-42
Tax0-121,7380-75,1570000-14,529-11,550-13,283-12,971-14,169-11,7920
Profit After Tax-743,513518,987-86,135320,405-102,175-275-111-68254,50350,78448,63348,62345,3862,559-42
Dividends Paid0000000054,00051,00047,00049,00057,50000
Retained Profit-743,513518,987-86,135320,405-102,175-275-111-682503-2161,633-377-12,1142,559-42
Employee Costs1,096,7991,062,027939,909620,658599,672667,124662,896577,638791,468785,828810,508699,001659,264644,6340
Number Of Employees29292818192323202828292524230
EBITDA*-700,419676,528-53,321415,142-98,399152-135-67575,55376,24370,81274,73673,84630,8842,707

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets112,95182,774102,50289,04574,7422,6803394234972,62315,69824,59444,69252,88543,360
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)15,67415,6740000000000000
Total Fixed Assets128,62598,448102,50289,04574,7422,6803394234972,62315,69824,59444,69252,88543,360
Stock & work in progress104,937113,49685,73581,29890,79495,010125,48349,11347,55949,79552,00153,07736,00260,83360,126
Trade Debtors1,842,7881,751,2751,873,1711,085,5611,385,3991,386,6971,454,357819,396679,102702,720802,725696,812752,357722,670719,758
Group Debtors1,844,1361,728,9701,064,2401,210,252394,351548,649562,979380,095386,146388,117308,949407,569341,512193,223248,980
Misc Debtors55,73147,52858,69363,95777,39149,28048,49943,86242,51341,74243,48539,32432,32846,19249,493
Cash91,68267,81286,1791,5006,7963,62958,31028,01925,3901,61527,04721,73420,1323,000173
misc current assets000000000000000
total current assets3,939,2743,709,0813,168,0182,442,5681,954,7312,083,2652,249,6281,320,4851,180,7101,183,9891,234,2071,218,5161,182,3311,025,9181,078,530
total assets4,067,8993,807,5293,270,5202,531,6132,029,4732,085,9452,249,9671,320,9081,181,2071,186,6121,249,9051,243,1101,227,0231,078,8031,121,890
Bank overdraft000000000165,1032,1866771,564101,444128,735
Bank loan000000000000000
Trade Creditors 2,307,7522,357,2972,299,4961,795,7591,638,0461,819,3122,004,6751,088,120945,103771,8531,017,2001,023,844973,430728,455723,482
Group/Directors Accounts0000125,02900000008,07012,2826,042
other short term finances000000000000000
hp & lease commitments0000000000007,0246,4355,254
other current liabilities1,617,204635,321675,114350,420205,519116,14494,52881,91384,54798,22475,56563,71179,74252,66482,926
total current liabilities3,924,9562,992,6182,974,6102,146,1791,968,5941,935,4562,099,2031,170,0331,029,6501,035,1801,094,9511,088,2321,069,830901,280946,439
loans000000000000000
hp & lease commitments000000000000957,21014,324
Accruals and Deferred Income000000000000000
other liabilities56,64700000000000000
provisions28,23813,34013,32616,71512,56500003782,1273,6845,5266,6270
total long term liabilities84,88513,34013,32616,71512,56500003782,1273,6845,62113,83714,324
total liabilities4,009,8413,005,9582,987,9362,162,8941,981,1591,935,4562,099,2031,170,0331,029,6501,035,5581,097,0781,091,9161,075,451915,117960,763
net assets58,058801,571282,584368,71948,314150,489150,764150,875151,557151,054152,827151,194151,572163,686161,127
total shareholders funds58,058801,571282,584368,71948,314150,489150,764150,875151,557151,054152,827151,194151,572163,686161,127
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit-747,700638,992-86,179395,558-102,214-507-219-74973,42769,64961,91662,42760,14314,939-196
Depreciation47,28137,53632,85819,5843,81565984742,1266,5948,89612,30913,70315,9452,903
Amortisation000000000000000
Tax0-121,7380-75,1570000-14,529-11,550-13,283-12,971-14,169-11,7920
Stock-8,55927,7614,437-9,496-4,216-30,47376,3701,554-2,236-2,206-1,07617,075-24,83170760,126
Debtors214,882547,343636,334502,629-127,485-81,209822,482135,592-24,818-22,58011,45417,508164,112-56,1461,018,231
Creditors-49,54557,801503,737157,713-181,266-185,363916,555143,017173,250-245,347-6,64450,414244,9754,973723,482
Accruals and Deferred Income981,883-39,793324,694144,90189,37521,61612,615-2,634-13,67722,65911,854-16,03127,078-30,26282,926
Deferred Taxes & Provisions14,89814-3,3894,15012,565000-378-1,749-1,557-1,842-1,1016,6270
Cash flow from operations40,494-2,292130,950153,616-46,024-51,91330,1832,562247,273-134,95850,80459,723191,34855,869-269,242
Investing Activities
capital expenditure-77,458-17,808-46,315-33,887-75,877-3,0000006,48107,789-5,510-25,470-46,263
Change in Investments000000000000000
cash flow from investments-77,458-17,808-46,315-33,887-75,877-3,0000006,48107,789-5,510-25,470-46,263
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000-125,029125,029000000-8,070-4,2126,2406,042
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments00000000000-7,119-6,526-5,93319,578
other long term liabilities56,64700000000000000
share issue000000000-1,5570-100161,169
interest4,1871,7324443923210867000-833-588-588154
cash flow from financing60,8341,73244-125,025125,068232108670-1,5570-16,023-11,326-281186,943
cash and cash equivalents
cash23,870-18,36784,679-5,2963,167-54,68130,2912,62923,775-25,4325,3131,60217,1322,827173
overdraft00000000-165,103162,9171,509-887-99,880-27,291128,735
change in cash23,870-18,36784,679-5,2963,167-54,68130,2912,629188,878-188,3493,8042,489117,01230,118-128,562

absalom and tribe 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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Absalom And Tribe Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for absalom and tribe 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 SS8 area or any other competitors across 12 key performance metrics.

absalom and tribe limited Ownership

ABSALOM AND TRIBE LIMITED group structure

Absalom And Tribe Limited has no subsidiary companies.

Ultimate parent company

1 parent

ABSALOM AND TRIBE LIMITED

01613848

ABSALOM AND TRIBE LIMITED Shareholders

absalom holdings ltd 100%

absalom and tribe limited directors

Absalom And Tribe Limited currently has 2 directors. The longest serving directors include Mr Thomas Absalom (Mar 2007) and Mr James Absalom (Nov 2015).

officercountryagestartendrole
Mr Thomas AbsalomEngland46 years Mar 2007- Director
Mr James AbsalomEngland52 years Nov 2015- Director

P&L

October 2023

turnover

18.4m

+7%

operating profit

-747.7k

0%

gross margin

12.1%

-9.53%

turnover

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

Balance Sheet

October 2023

net assets

58.1k

-0.93%

total assets

4.1m

+0.07%

cash

91.7k

+0.35%

net assets

Total assets minus all liabilities

absalom and tribe limited company details

company number

01613848

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

February 1982

age

42

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

October 2023

previous names

anjoress limited (April 1983)

accountant

-

auditor

-

address

matrix house 12-16 lionel road, canvey island, essex, SS8 9DE

Bank

HSBC BANK PLC

Legal Advisor

-

absalom and tribe 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 3 charges/mortgages relating to absalom and tribe limited. Currently there are 1 open charges and 2 have been satisfied in the past.

charges

absalom and tribe limited Companies House Filings - See Documents

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