Garners Catering Equipment Limited

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garners catering equipment limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

01701316

Website

www.garnersfse.co.uk

Registered Address

1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ

Industry

Installation of industrial machinery and equipment

Telephone

01159609690

Next Accounts Due

533 days late

Group Structure

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Directors

Timothy Fisher30 Years

Shareholders

essential foodservice solutions limited 100%

garners catering equipment limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of GARNERS CATERING EQUIPMENT LIMITED at £2.8m based on an EBITDA of £509.5k and a 5.49x industry multiple (adjusted for size and gross margin).

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Garners Catering Equipment Limited is a live company located in milton keynes, MK5 8PJ with a Companies House number of 01701316. It operates in the installation of industrial machinery and equipment sector, SIC Code 33200. Founded in February 1983, it's largest shareholder is essential foodservice solutions limited with a 100% stake. Garners Catering Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Garners Catering Equipment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (-2.4%)

EXPORT

Garners Catering Equipment Limited's latest turnover from March 2021 is estimated at £2.6 million and the company has net assets of £401.8 thousand. According to their latest financial statements, Garners Catering Equipment Limited has 15 employees and maintains cash reserves of £400.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2021	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,580,517	4,104,590	5,537,153	4,530,715	5,263,249	7,387,818	8,816,564	4,604,348	5,283,219	7,316,803	3,814,341	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,848,044	2,916,050	3,796,776	3,125,024	3,558,283	4,924,367	6,101,752	3,245,512	3,709,920	4,990,778	2,529,507	0
Gross Profit	732,473	1,188,540	1,740,377	1,405,691	1,704,966	2,463,451	2,714,812	1,358,836	1,573,299	2,326,025	1,284,834	0
Admin Expenses	231,760	1,162,814	1,693,185	1,393,062	1,824,723	2,452,357	2,638,612	1,499,701	1,696,742	2,180,214	1,027,352	-644,958
Operating Profit	500,713	25,726	47,192	12,629	-119,757	11,094	76,200	-140,865	-123,443	145,811	257,482	644,958
Interest Payable	6,100	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	200	5,420	6,540	1,220	454	1,532	1,374	579	142	323	1,004	764
Pre-Tax Profit	494,814	31,146	53,732	13,849	-119,303	12,626	77,573	-140,286	-123,301	146,134	258,486	645,722
Tax	-94,015	-5,918	-10,209	-2,631	0	-2,525	-16,290	0	0	-37,995	-72,376	-180,802
Profit After Tax	400,799	25,228	43,523	11,218	-119,303	10,101	61,283	-140,286	-123,301	108,139	186,110	464,920
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	400,799	25,228	43,523	11,218	-119,303	10,101	61,283	-140,286	-123,301	108,139	186,110	464,920
Employee Costs	699,251	819,868	735,359	731,932	1,281,728	1,695,355	1,828,853	952,574	1,161,601	1,646,732	892,838	0
Number Of Employees	15	18	17	17	30	39	43	23	28	41	23	0
EBITDA*	509,492	34,205	54,200	21,527	-111,735	17,894	81,833	-139,397	-118,811	151,002	265,219	652,482

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2021	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	6,583	15,362	7,717	10,408	14,840	13,856	10,404	4,403	6,703	8,717	15,043	27,557
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,583	15,362	7,717	10,408	14,840	13,856	10,404	4,403	6,703	8,717	15,043	27,557
Stock & work in progress	5,338	6,395	5,754	8,215	61,205	80,486	129,666	71,694	68,555	91,976	130,646	224,510
Trade Debtors	615,936	945,557	1,306,540	1,007,573	1,147,329	1,519,133	1,738,761	963,673	1,269,979	1,781,160	967,582	1,446,600
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	26,508	50,306	60,270	27,427	30,168	0	0	0	0	0	0	0
Cash	400,451	584,924	860,378	883,750	92,187	271,136	341,571	207,848	23,691	33,111	96,064	305,534
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,048,233	1,587,182	2,232,942	1,926,965	1,330,889	1,870,755	2,209,998	1,243,215	1,362,225	1,906,247	1,194,292	1,976,644
total assets	1,054,816	1,602,544	2,240,659	1,937,373	1,345,729	1,884,611	2,220,402	1,247,618	1,368,928	1,914,964	1,209,335	2,004,201
Bank overdraft	40,000	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
Trade Creditors	367,768	907,799	1,400,109	1,200,113	849,616	1,314,253	1,662,537	751,036	731,340	1,153,718	557,305	1,530,961
Group/Directors Accounts	27,000	76,000	216,000	150,000	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	57,119	87,357	119,878	125,644	44,793	0	0	0	0	0	0	0
total current liabilities	491,887	1,071,156	1,735,987	1,475,757	894,409	1,314,253	1,662,537	751,036	731,340	1,153,718	557,305	1,530,961
loans	160,000	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
Accruals and Deferred Income	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	7,320
provisions	1,130	2,756	1,268	1,735	2,657	2,392	0	0	720	1,077	0	0
total long term liabilities	161,130	2,756	1,268	1,735	2,657	2,392	0	0	720	1,077	0	7,320
total liabilities	653,017	1,073,912	1,737,255	1,477,492	897,066	1,316,645	1,662,537	751,036	732,060	1,154,795	557,305	1,538,281
net assets	401,799	528,632	503,404	459,881	448,663	567,966	557,865	496,582	636,868	760,169	652,030	465,920
total shareholders funds	401,799	528,632	503,404	459,881	448,663	567,966	557,865	496,582	636,868	760,169	652,030	465,920

	Mar 2021	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	500,713	25,726	47,192	12,629	-119,757	11,094	76,200	-140,865	-123,443	145,811	257,482	644,958
Depreciation	8,779	8,479	7,008	8,898	8,022	6,800	5,633	1,468	4,632	5,191	7,737	7,524
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-94,015	-5,918	-10,209	-2,631	0	-2,525	-16,290	0	0	-37,995	-72,376	-180,802
Stock	5,338	641	-2,461	-52,990	-19,281	-49,180	57,972	3,139	-23,421	-38,670	-93,864	224,510
Debtors	642,444	-370,947	331,810	-142,497	-341,636	-219,628	775,088	-306,306	-511,181	813,578	-479,018	1,446,600
Creditors	367,768	-492,310	199,996	350,497	-464,637	-348,284	911,501	19,696	-422,378	596,413	-973,656	1,530,961
Accruals and Deferred Income	57,119	-32,521	-5,766	80,851	44,793	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,130	1,488	-467	-922	265	2,392	0	-720	-357	1,077	0	0
Cash flow from operations	193,712	-124,750	-91,595	644,809	-170,397	-61,715	143,984	182,746	-6,944	-64,411	-207,931	331,531
Investing Activities
capital expenditure	-15,362	-16,124	-4,317	-4,466	-9,006	-10,252	-11,634	832	-2,618	1,135	4,777	-35,081
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,362	-16,124	-4,317	-4,466	-9,006	-10,252	-11,634	832	-2,618	1,135	4,777	-35,081
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	27,000	-140,000	66,000	150,000	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	160,000	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-7,320	7,320
share issue	1,000	0	0	0	0	0	0	0	0	0	0	1,000
interest	-5,900	5,420	6,540	1,220	454	1,532	1,374	579	142	323	1,004	764
cash flow from financing	182,100	-134,580	72,540	151,220	454	1,532	1,374	579	142	323	-6,316	9,084
cash and cash equivalents
cash	400,451	-275,454	-23,372	791,563	-178,949	-70,435	133,723	184,157	-9,420	-62,953	-209,470	305,534
overdraft	40,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	360,451	-275,454	-23,372	791,563	-178,949	-70,435	133,723	184,157	-9,420	-62,953	-209,470	305,534

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GARNERS CATERING EQUIPMENT LIMITED group structure

Garners Catering Equipment Limited has no subsidiary companies.

Ultimate parent company

ESSENTIAL FOODSERVICE SOLUTIONS LIMITED

06901807

1 parent

GARNERS CATERING EQUIPMENT LIMITED

01701316

GARNERS CATERING EQUIPMENT LIMITED Shareholders

essential foodservice solutions limited

100%

Garners Catering Equipment Limited currently has 1 director, Mr Timothy Fisher serving since Aug 1993.

officer	country	age	start	end	role
Mr Timothy Fisher	England	62 years	Aug 1993	-	Director

P&L

March 2021

turnover

2.6m

operating profit

500.7k

gross margin

28.4%

turnover

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

Balance Sheet

March 2021

net assets

401.8k

total assets

1.1m

cash

400.5k

net assets

Total assets minus all liabilities

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company number

01701316

Type

Private limited with Share Capital

industry

33200 - Installation of industrial machinery and equipment

incorporation date

February 1983

age

accounts

Total Exemption Full

ultimate parent company

ESSENTIAL FOODSERVICE SOLUTIONS LIMITED

previous names

j. garner catering equipment limited (June 1998)

incorporated

address

1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ

last accounts submitted

March 2021

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 4 charges/mortgages relating to garners catering equipment limited. Currently there are 1 open charges and 3 have been satisfied in the past.

garners catering equipment limited Company Information

garners catering equipment limited Estimated Valuation

garners catering equipment limited Estimated Valuation

garners catering equipment limited Estimated Valuation

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GARNERS CATERING EQUIPMENT LIMITED financials

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