askew & barrett (pulses) limited

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askew & barrett (pulses) limited Company Information

Share ASKEW & BARRETT (PULSES) LIMITED

Company Number

01661244

Shareholders

patrick edward barrett

darryl evan askew

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Group Structure

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Industry

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

 

Registered Address

108 smeeth road, marshland st, james, wisbech, cambridgeshire, PE14 8JF

askew & barrett (pulses) limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of ASKEW & BARRETT (PULSES) LIMITED at £8.5m based on a Turnover of £11.4m and 0.74x industry multiple (adjusted for size and gross margin).

askew & barrett (pulses) limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of ASKEW & BARRETT (PULSES) LIMITED at £6.7m based on an EBITDA of £738.4k and a 9.14x industry multiple (adjusted for size and gross margin).

askew & barrett (pulses) limited Estimated Valuation

£17.5m

Pomanda estimates the enterprise value of ASKEW & BARRETT (PULSES) LIMITED at £17.5m based on Net Assets of £3.4m and 5.12x industry multiple (adjusted for liquidity).

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Askew & Barrett (pulses) Limited Overview

Askew & Barrett (pulses) Limited is a live company located in cambridgeshire, PE14 8JF with a Companies House number of 01661244. It operates in the agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods sector, SIC Code 46110. Founded in September 1982, it's largest shareholder is patrick edward barrett with a 40% stake. Askew & Barrett (pulses) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.4m with low growth in recent years.

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Askew & Barrett (pulses) Limited Health Check

Pomanda's financial health check has awarded Askew & Barrett (Pulses) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £11.4m, make it smaller than the average company (£19.9m)

£11.4m - Askew & Barrett (pulses) Limited

£19.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (10.2%)

2% - Askew & Barrett (pulses) Limited

10.2% - Industry AVG

production

Production

with a gross margin of 15.2%, this company has a lower cost of product (11%)

15.2% - Askew & Barrett (pulses) Limited

11% - Industry AVG

profitability

Profitability

an operating margin of 5.2% make it more profitable than the average company (2.2%)

5.2% - Askew & Barrett (pulses) Limited

2.2% - Industry AVG

employees

Employees

with 31 employees, this is above the industry average (16)

31 - Askew & Barrett (pulses) Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £35k, the company has a lower pay structure (£45.9k)

£35k - Askew & Barrett (pulses) Limited

£45.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £368.2k, this is less efficient (£731.7k)

£368.2k - Askew & Barrett (pulses) Limited

£731.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is later than average (39 days)

52 days - Askew & Barrett (pulses) Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (35 days)

11 days - Askew & Barrett (pulses) Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 134 days, this is more than average (42 days)

134 days - Askew & Barrett (pulses) Limited

42 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)

0 weeks - Askew & Barrett (pulses) Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 59.3%, this is a similar level of debt than the average (59%)

59.3% - Askew & Barrett (pulses) Limited

59% - Industry AVG

ASKEW & BARRETT (PULSES) LIMITED financials

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Askew & Barrett (Pulses) Limited's latest turnover from February 2024 is £11.4 million and the company has net assets of £3.4 million. According to their latest financial statements, Askew & Barrett (Pulses) Limited has 31 employees and maintains cash reserves of £3.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover11,413,75612,247,29111,923,24910,873,23413,614,48017,664,82017,667,08015,881,24421,006,04722,216,64525,706,86319,909,99819,346,80917,637,81313,720,887
Other Income Or Grants
Cost Of Sales9,681,75910,158,8639,430,5718,385,95810,647,26014,142,67314,224,30812,691,88117,799,59619,148,59122,530,85116,648,90816,275,12014,450,02410,319,348
Gross Profit1,731,9972,088,4282,492,6782,487,2762,967,2203,522,1473,442,7723,189,3633,206,4513,068,0543,176,0123,261,0903,071,6893,187,7893,401,539
Admin Expenses1,140,9521,126,7541,659,1501,884,3361,865,0892,002,5721,932,5171,893,5442,005,4681,660,9861,807,2862,013,3831,902,9301,771,5481,709,758
Operating Profit591,045961,674833,528602,9401,102,1311,519,5751,510,2551,295,8191,200,9831,407,0681,368,7261,247,7071,168,7591,416,2411,691,781
Interest Payable232,090121,02183,48874,64284,475113,212114,429114,20487,87993,53395,906103,91576,67249,93416,517
Interest Receivable1,05128861,5831,0583,2552,4764,409384201,50532732923
Pre-Tax Profit360,006840,681805,126529,8811,018,7141,409,6181,398,3021,186,0241,113,4881,313,5551,274,3251,144,1191,092,0871,366,3391,676,187
Tax-66,449-179,899-170,018-104,125-195,985-272,501-269,918-233,650-204,113-271,781-291,905-268,870-283,956-374,236-459,053
Profit After Tax293,557660,782635,108425,756822,7291,137,1171,128,384952,374909,3751,041,774982,420875,249808,131992,1031,217,134
Dividends Paid595,700515,000360,500755,0001,070,0001,062,500844,500909,462747,601995,3901,039,164475,740544,6801,064,850595,000
Retained Profit-302,143145,782274,608-329,244-247,27174,617283,88442,912161,77446,384-56,744399,509263,451-72,747622,134
Employee Costs1,083,9601,124,4511,075,7401,070,7441,015,9661,058,7001,079,3881,086,8951,185,102917,822981,1101,082,4611,019,888916,3481,032,841
Number Of Employees313231313132323232343333333232
EBITDA*738,3681,108,608984,744734,8161,239,2571,661,2201,669,6911,466,8991,372,7561,546,6101,527,6851,404,9651,310,7251,553,1881,821,699

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets2,834,6932,816,0462,534,6322,491,6862,424,2962,436,1412,438,7862,448,3622,470,5222,165,6381,962,0102,019,4861,728,7971,582,7981,382,012
Intangible Assets
Investments & Other305,000305,000305,000250,000250,000250,000250,000250,000
Debtors (Due After 1 year)
Total Fixed Assets3,139,6933,121,0462,839,6322,741,6862,674,2962,686,1412,688,7862,698,3622,470,5222,165,6381,962,0102,019,4861,728,7971,582,7981,382,012
Stock & work in progress3,565,1923,964,3183,358,9673,145,2062,540,5563,144,7544,206,7235,048,4523,737,8093,452,1634,251,8633,379,5403,520,1163,580,3541,873,271
Trade Debtors1,640,8541,349,1781,779,0961,044,1451,682,4072,031,0331,886,9731,931,3992,735,3943,052,1213,261,1912,669,5452,325,0202,195,2221,265,937
Group Debtors
Misc Debtors48,210118,66168,92055,740146,97048,14959,76695,387108,49842,82732,10296,09417,41125,17539,050
Cash3,3693,0266,8243,305118,77215176782116,7534,0391,9119688,58111,294275,615
misc current assets
total current assets5,257,6255,435,1835,213,8074,248,3964,488,7055,224,0876,154,2297,076,0596,598,4546,551,1507,547,0676,146,1475,871,1285,812,0453,453,873
total assets8,397,3188,556,2298,053,4396,990,0827,163,0017,910,2288,843,0159,774,4219,068,9768,716,7889,509,0778,165,6337,599,9257,394,8434,835,885
Bank overdraft1,998,7311,825,9291,137,8311,036,365375,696303,5031,160,509756,917615,7291,232,355581,450910,6591,291,17878,585
Bank loan88,66789,12885,94191,65179,89799,484124,91690,10487,69685,35783,08639,39138,347
Trade Creditors 299,633997,7311,270,357622,651949,297903,6441,731,3791,649,6152,053,6521,703,5822,013,0871,417,0801,256,8701,636,750995,760
Group/Directors Accounts354,191341,306422,711675,213661,910628,901552,634494,403456,579509,371439,475142,571312,991285,785154,399
other short term finances172,42458,14256,394384,338297,771364,345540,102423,668409,423356,350319,363288,695156,669163,129
hp & lease commitments116,48964,14562,14158,51537,94221,51743,51274,41880,80276,58741,50739,232
other current liabilities344,556460,707307,969289,287539,060477,921443,398377,590388,940376,654467,298516,477459,437512,275563,332
total current liabilities3,374,6913,837,0883,343,3442,773,6822,652,4442,705,4503,538,2554,421,5534,250,6623,779,0424,635,4293,099,2593,268,0433,921,0041,955,205
loans1,005,544591,028739,912213,167659,7501,127,8771,333,5071,507,192989,6681,298,0851,382,5561,402,0311,192,901746,90690,000
hp & lease commitments277,23496,521160,97374,76139,88446,55390,06582,729163,531110,346151,853
Accruals and Deferred Income
other liabilities537,431
provisions318,800308,400231,800163,000144,000157,700120,000234,795268,013160,000111,00086,000112,00097,00088,000
total long term liabilities1,601,578995,9491,132,685913,598878,5111,325,4611,500,0601,832,0521,340,4101,621,6161,603,9021,639,8841,304,901843,906178,000
total liabilities4,976,2694,833,0374,476,0293,687,2803,530,9554,030,9115,038,3156,253,6055,591,0725,400,6586,239,3314,739,1434,572,9444,764,9102,133,205
net assets3,421,0493,723,1923,577,4103,302,8023,632,0463,879,3173,804,7003,520,8163,477,9043,316,1303,269,7463,426,4903,026,9812,629,9332,702,680
total shareholders funds3,421,0493,723,1923,577,4103,302,8023,632,0463,879,3173,804,7003,520,8163,477,9043,316,1303,269,7463,426,4903,026,9812,629,9332,702,680
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit591,045961,674833,528602,9401,102,1311,519,5751,510,2551,295,8191,200,9831,407,0681,368,7261,247,7071,168,7591,416,2411,691,781
Depreciation147,323146,934151,216131,876137,126141,645159,436171,080171,773139,542158,959157,258141,966136,947129,918
Amortisation
Tax-66,449-179,899-170,018-104,125-195,985-272,501-269,918-233,650-204,113-271,781-291,905-268,870-283,956-374,236-459,053
Stock-399,126605,351213,761604,650-604,198-1,061,969-841,7291,310,643285,646-799,700872,323-140,576-60,2381,707,0831,873,271
Debtors221,225-380,177748,131-729,492-249,805132,443-80,047-817,106-251,056-198,345527,654423,208122,034915,4101,304,987
Creditors-698,098-272,626647,706-326,64645,653-827,73581,764-404,037350,070-309,505596,007160,210-379,880640,990995,760
Accruals and Deferred Income-116,151152,73818,682-249,77361,13934,52365,808-11,35012,286-90,644-49,17957,040-52,838-51,057563,332
Deferred Taxes & Provisions10,40076,60068,80019,000-13,70037,700-114,795-33,218108,01349,00025,000-26,00015,0009,00088,000
Cash flow from operations45,971660,247588,022198,1141,990,3671,562,7332,354,326291,1071,604,4221,921,725407,6311,044,713547,255-844,608-168,520
Investing Activities
capital expenditure-151,194-297,305-476,657-187,309-185,827-523,271-132,785-325,384-357,589
Change in Investments55,000250,000
cash flow from investments-55,000-151,194-547,305-476,657-187,309-185,827-523,271-132,785-325,384-357,589
Financing Activities
Bank loans-4613,187-5,71011,75479,897-99,484-25,43234,8122,4082,3392,27143,6951,04438,347
Group/Directors Accounts12,885-81,405-252,50213,30333,00976,26758,23137,824-52,79269,896296,904-170,42027,206131,386154,399
Other Short Term Loans 114,2821,74856,394-384,33886,567-66,574-175,757116,43414,24553,07336,98730,668132,026-6,460163,129
Long term loans414,516-148,884526,745-446,583-468,127-205,630-173,685517,524-308,417-84,471-19,475209,130445,995656,90690,000
Hire Purchase and Lease Commitments233,057-62,448164,599-54,18851,302-28,664-74,418952-76,58788,265-39,232191,085
other long term liabilities-537,431537,431
share issue-100,000133,5972,080,546
interest-231,039-120,993-83,402-73,059-83,417-109,957-111,953-109,795-87,495-93,513-94,401-103,588-76,672-49,902-15,594
cash flow from financing543,240-408,795-131,307-395,680-300,769-434,042-503,014597,751-508,63835,58983,054200,570663,196770,2772,472,480
cash and cash equivalents
cash343-3,7983,519-115,467118,621-616-54-15,93212,7142,128943-7,613-2,713-264,321275,615
overdraft172,802688,098101,4661,036,365-375,69672,193-857,006403,592141,188-616,626650,905-329,209-380,5191,212,59378,585
change in cash-172,459-691,896-97,947-1,151,832494,317-72,809856,952-419,524-128,474618,754-649,962321,596377,806-1,476,914197,030

askew & barrett (pulses) 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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Askew & Barrett (pulses) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for askew & barrett (pulses) 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 PE14 area or any other competitors across 12 key performance metrics.

askew & barrett (pulses) limited Ownership

ASKEW & BARRETT (PULSES) LIMITED group structure

Askew & Barrett (Pulses) Limited has no subsidiary companies.

Ultimate parent company

ASKEW & BARRETT (PULSES) LIMITED

01661244

ASKEW & BARRETT (PULSES) LIMITED Shareholders

patrick edward barrett 40%
darryl evan askew 25%
christopher askew 20%
justin lee barrett 5%
the paddy barrett settlement 5%
the darryl evan askew 2017 settlement 5%

askew & barrett (pulses) limited directors

Askew & Barrett (Pulses) Limited currently has 4 directors. The longest serving directors include Mr Patrick Barrett (Mar 1992) and Mr Darryl Askew (Mar 1992).

officercountryagestartendrole
Mr Patrick Barrett78 years Mar 1992- Director
Mr Darryl Askew75 years Mar 1992- Director
Mr Christopher AskewEngland39 years Feb 2015- Director
Mr Justin BarrettUnited Kingdom47 years Feb 2015- Director

P&L

February 2024

turnover

11.4m

-7%

operating profit

591k

-39%

gross margin

15.2%

-11.01%

turnover

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

Balance Sheet

February 2024

net assets

3.4m

-0.08%

total assets

8.4m

-0.02%

cash

3.4k

+0.11%

net assets

Total assets minus all liabilities

askew & barrett (pulses) limited company details

company number

01661244

Type

Private limited with Share Capital

industry

46110 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

incorporation date

September 1982

age

43

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

WHEELERS CHARTERED ACCOUNTANTS

address

108 smeeth road, marshland st, james, wisbech, cambridgeshire, PE14 8JF

Bank

HSBC BANK PLC

Legal Advisor

-

askew & barrett (pulses) 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 10 charges/mortgages relating to askew & barrett (pulses) limited. Currently there are 6 open charges and 4 have been satisfied in the past.

askew & barrett (pulses) 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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askew & barrett (pulses) limited Companies House Filings - See Documents

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