juddmonte farms limited

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juddmonte farms limited Company Information

Share JUDDMONTE FARMS LIMITED

Company Number

01746568

Shareholders

juddmonte ltd

Group Structure

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Industry

Raising of horses and other equines

 

Registered Address

banstead manor stud, cheveley, newmarket, suffolk, CB8 9RD

juddmonte farms limited Estimated Valuation

£95.3m

Pomanda estimates the enterprise value of JUDDMONTE FARMS LIMITED at £95.3m based on a Turnover of £71.6m and 1.33x industry multiple (adjusted for size and gross margin).

juddmonte farms limited Estimated Valuation

£115.4m

Pomanda estimates the enterprise value of JUDDMONTE FARMS LIMITED at £115.4m based on an EBITDA of £12m and a 9.6x industry multiple (adjusted for size and gross margin).

juddmonte farms limited Estimated Valuation

£83.8m

Pomanda estimates the enterprise value of JUDDMONTE FARMS LIMITED at £83.8m based on Net Assets of £57.1m and 1.47x industry multiple (adjusted for liquidity).

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Juddmonte Farms Limited Overview

Juddmonte Farms Limited is a live company located in newmarket, CB8 9RD with a Companies House number of 01746568. It operates in the raising of horses and other equines sector, SIC Code 01430. Founded in August 1983, it's largest shareholder is juddmonte ltd with a 100% stake. Juddmonte Farms Limited is a mature, large sized company, Pomanda has estimated its turnover at £71.6m with declining growth in recent years.

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Juddmonte Farms Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £71.6m, make it larger than the average company (£333.3k)

£71.6m - Juddmonte Farms Limited

£333.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.7%)

-2% - Juddmonte Farms Limited

1.7% - Industry AVG

production

Production

with a gross margin of 38.6%, this company has a lower cost of product (-0.4%)

38.6% - Juddmonte Farms Limited

-0.4% - Industry AVG

profitability

Profitability

an operating margin of 15.4% make it more profitable than the average company (-24.3%)

15.4% - Juddmonte Farms Limited

-24.3% - Industry AVG

employees

Employees

with 79 employees, this is above the industry average (11)

79 - Juddmonte Farms Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £60.8k, the company has a higher pay structure (£29.2k)

£60.8k - Juddmonte Farms Limited

£29.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £906.4k, this is more efficient (£66.7k)

£906.4k - Juddmonte Farms Limited

£66.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is later than average (34 days)

71 days - Juddmonte Farms Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 71 days, this is slower than average (15 days)

71 days - Juddmonte Farms Limited

15 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 634 days, this is more than average (425 days)

634 days - Juddmonte Farms Limited

425 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (39 weeks)

3 weeks - Juddmonte Farms Limited

39 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.8%, this is a higher level of debt than the average (20.2%)

76.8% - Juddmonte Farms Limited

20.2% - Industry AVG

JUDDMONTE FARMS LIMITED financials

EXPORTms excel logo

Juddmonte Farms Limited's latest turnover from December 2023 is £71.6 million and the company has net assets of £57.1 million. According to their latest financial statements, Juddmonte Farms Limited has 79 employees and maintains cash reserves of £9.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover71,601,69160,655,57659,938,08275,037,68069,527,42268,798,00363,572,34245,556,15053,392,90443,851,43837,852,40828,036,93955,927,48426,147,79127,091,524
Other Income Or Grants
Cost Of Sales44,000,43941,180,67640,683,71234,488,28036,280,23833,502,40532,359,63527,088,85324,551,93725,647,98524,740,43914,701,81015,532,25017,541,81415,955,124
Gross Profit27,601,25219,474,90019,254,37040,549,40033,247,18435,295,59831,212,70718,467,29728,840,96718,203,45313,111,96913,335,12940,395,2348,605,97711,136,400
Admin Expenses16,579,13324,364,66019,378,90918,387,45420,962,44224,105,89919,733,04816,905,82418,451,32916,468,42217,203,19417,677,86215,579,46715,302,58310,686,112
Operating Profit11,022,119-4,889,760-124,53922,161,94612,284,74211,189,69911,479,6591,561,47310,389,6381,735,031-4,091,225-4,342,73324,815,767-6,696,606450,288
Interest Payable3,913,4772,069,9431,382,0871,619,3161,817,2011,693,9101,592,5181,714,3471,700,7351,663,5731,657,3882,001,5371,905,6161,817,2262,645,952
Interest Receivable1,1111,5122215158,965
Pre-Tax Profit7,108,642-6,959,703-1,506,62620,542,63010,467,5419,495,7899,887,141-152,8748,688,90372,569-5,747,101-6,344,24822,910,166-8,513,817-2,186,699
Tax-1,415,15537,654-4,418,236-1,078,521921,208-764,696
Profit After Tax5,693,487-6,959,703-1,468,97216,124,3949,389,02010,416,9979,122,445-152,8748,688,90372,569-5,747,101-6,344,24822,910,166-8,513,817-2,186,699
Dividends Paid
Retained Profit5,693,487-6,959,703-1,468,97216,124,3944,862,94910,416,9979,122,445-152,8748,688,90372,569-5,747,101-6,344,24822,910,166-8,513,817-2,186,699
Employee Costs4,803,4414,317,7274,677,7144,346,1844,295,6554,495,6104,982,5185,280,9345,162,4664,884,2054,731,9234,424,5054,103,1644,099,4653,845,367
Number Of Employees79747881838999111110112117114114115119
EBITDA*12,016,228-3,892,704885,47723,173,45113,484,79112,054,30412,378,2192,621,61011,434,2032,744,908-3,116,741-3,352,90325,833,203-5,704,5431,449,926

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets47,596,11248,114,81548,677,20749,181,38150,046,26615,180,94515,438,20318,178,29218,597,43418,693,16918,657,90218,952,59219,130,82719,016,72419,368,034
Intangible Assets
Investments & Other20,10020,100
Debtors (Due After 1 year)
Total Fixed Assets47,616,21248,134,91548,677,20749,181,38150,046,26615,180,94515,438,20318,178,29218,597,43418,693,16918,657,90218,952,59219,130,82719,016,72419,368,034
Stock & work in progress76,547,28564,637,82659,160,53457,557,73053,690,31250,698,73652,250,81644,698,40747,767,87043,085,60541,884,84547,357,95341,131,37431,722,13632,390,844
Trade Debtors13,993,59412,092,15812,713,87611,190,1177,591,05410,540,2347,927,1616,868,5426,757,7676,674,1645,403,3352,729,2902,371,2111,609,8802,064,494
Group Debtors94,033,42489,634,01083,608,94264,107,40648,449,28625,915,50311,078,0196,927,6435,565,7623,700,7063,126,4881,570,3614,407,4132,357,2681,794,954
Misc Debtors4,218,8673,881,8043,660,5711,209,4303,833,8383,955,3732,155,1981,669,1572,022,0831,223,1831,514,0321,070,3772,136,4912,055,9631,606,316
Cash9,829,3103,807,8711,732,8042,033,9154,427,9161,722,6861,271,7001,919,6202,752,761594,1232,251,6853,486,4493,099,5072,651,0242,569,332
misc current assets
total current assets198,622,480174,053,669160,876,727136,098,598117,992,40692,832,53274,682,89462,083,36964,866,24355,277,78154,180,38556,214,43053,145,99640,396,27140,425,940
total assets246,238,692222,188,584209,553,934185,279,979168,038,672108,013,47790,121,09780,261,66183,463,67773,970,95072,838,28775,167,02272,276,82359,412,99559,793,974
Bank overdraft
Bank loan
Trade Creditors 8,590,4822,536,782769,5521,677,3841,445,5241,857,8681,160,783868,6021,004,544884,0171,080,916854,975657,053722,430659,786
Group/Directors Accounts120,696,386109,548,47593,123,29363,754,19964,269,50719,511,16311,097,54812,135,67714,996,42514,606,77514,145,64310,348,8501,696,89212,529,1384,483,237
other short term finances53,000,000
hp & lease commitments
other current liabilities2,258,9741,897,9644,333,9427,052,2771,594,6903,872,4845,479,3013,967,8623,991,8143,669,6672,123,0182,727,3862,342,8191,491,5341,467,241
total current liabilities131,545,842113,983,22198,226,78772,483,86067,309,72125,241,51517,737,63269,972,14119,992,78319,160,45917,349,57713,931,2114,696,76414,743,1026,610,264
loans53,000,00053,000,00053,000,00053,000,00053,000,00053,000,00053,000,00053,000,00053,000,00053,880,11653,880,11653,880,11653,880,11653,880,116
hp & lease commitments
Accruals and Deferred Income
other liabilities15,32843,82872,328100,828129,328
provisions4,579,0003,785,0004,057,226
total long term liabilities57,579,00056,785,00053,000,00053,000,00057,057,22653,015,32853,043,82872,32853,100,82853,129,32853,880,11653,880,11653,880,11653,880,11653,880,116
total liabilities189,124,842170,768,221151,226,787125,483,860124,366,94778,256,84370,781,46070,044,46973,093,61172,289,78771,229,69367,811,32758,576,88068,623,21860,490,380
net assets57,113,85051,420,36358,327,14759,796,11943,671,72529,756,63419,339,63710,217,19210,370,0661,681,1631,608,5947,355,69513,699,943-9,210,223-696,406
total shareholders funds57,113,85051,420,36358,327,14759,796,11943,671,72529,756,63419,339,63710,217,19210,370,0661,681,1631,608,5947,355,69513,699,943-9,210,223-696,406
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit11,022,119-4,889,760-124,53922,161,94612,284,74211,189,69911,479,6591,561,47310,389,6381,735,031-4,091,225-4,342,73324,815,767-6,696,606450,288
Depreciation994,109997,0561,010,0161,011,5051,200,049864,605898,5601,060,1371,044,5651,009,877974,484989,8301,017,436992,063999,638
Amortisation
Tax-1,415,15537,654-4,418,236-1,078,521921,208-764,696
Stock11,909,4595,477,2921,602,8043,867,4182,991,576-1,552,0807,552,409-3,069,4634,682,2651,200,760-5,473,1086,226,5799,409,238-668,70832,390,844
Debtors6,637,9135,624,58323,476,43616,632,77519,463,06819,250,7325,695,0361,119,7302,747,5591,554,1984,673,827-3,545,0872,892,004557,3475,465,764
Creditors6,053,7001,767,230-907,832231,860-412,344697,085292,181-135,942120,527-196,899225,941197,922-65,37762,644659,786
Accruals and Deferred Income361,010-2,435,978-2,718,3355,457,587-2,277,794-1,606,8171,511,439-23,952322,1471,546,649-604,368384,567851,28524,2931,467,241
Deferred Taxes & Provisions794,0003,785,000-4,057,2264,057,226
Cash flow from operations-737,589-11,878,327-27,782,276-112,757-8,681,286-5,632,872169,6984,411,4494,447,0531,339,700-2,695,887-5,451,90614,317,869-5,506,245-34,279,655
Investing Activities
capital expenditure-504,050-1,017,412-629,194-954,221-1,072,123-649,659-800,161-1,100,740-628,368-322,770
Change in Investments20,100
cash flow from investments-20,100-504,050-1,017,412-629,194-954,221-1,072,123-649,659-800,161-1,100,740-628,368-322,770
Financing Activities
Bank loans
Group/Directors Accounts11,147,91116,425,18229,369,094-515,30844,758,3448,413,615-1,038,129-2,860,748389,650461,1323,796,7938,651,958-10,832,2468,045,9014,483,237
Other Short Term Loans -53,000,00053,000,000
Long term loans53,000,000-53,000,000-880,11653,880,116
Hire Purchase and Lease Commitments
other long term liabilities-15,328-28,500-28,500-28,500-28,500129,328
share issue52,9199,052,1421,490,293
interest-3,913,477-2,069,943-1,382,087-1,619,316-1,817,201-1,693,910-1,592,518-1,714,347-1,700,735-1,662,462-1,655,876-2,001,515-1,905,601-1,817,211-2,636,987
cash flow from financing7,234,43414,408,15827,987,007-2,134,62451,977,9576,691,205-2,659,147-4,603,595-1,339,585-1,952,1182,140,9176,650,443-12,737,8476,228,69057,216,659
cash and cash equivalents
cash6,021,4392,075,067-301,111-2,394,0012,705,230450,986-647,920-833,1412,158,638-1,657,562-1,234,764386,942448,48381,6922,569,332
overdraft
change in cash6,021,4392,075,067-301,111-2,394,0012,705,230450,986-647,920-833,1412,158,638-1,657,562-1,234,764386,942448,48381,6922,569,332

juddmonte farms limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Juddmonte Farms Limited Competitor Analysis

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Perform a competitor analysis for juddmonte farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in CB8 area or any other competitors across 12 key performance metrics.

juddmonte farms limited Ownership

JUDDMONTE FARMS LIMITED group structure

Juddmonte Farms Limited has 2 subsidiary companies.

Ultimate parent company

JUDDMONTE LTD

#0015367

1 parent

JUDDMONTE FARMS LIMITED

01746568

2 subsidiaries

JUDDMONTE FARMS LIMITED Shareholders

juddmonte ltd 100%

juddmonte farms limited directors

Juddmonte Farms Limited currently has 3 directors. The longest serving directors include Mr James Swartz (May 1991) and Mr Douglas Erskine Crum (Mar 2015).

officercountryagestartendrole
Mr James Swartz78 years May 1991- Director
Mr Douglas Erskine Crum75 years Mar 2015- Director
Mr Michael SaundersScotland58 years Aug 2016- Director

P&L

December 2023

turnover

71.6m

+18%

operating profit

11m

-325%

gross margin

38.6%

+20.06%

turnover

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

Balance Sheet

December 2023

net assets

57.1m

+0.11%

total assets

246.2m

+0.11%

cash

9.8m

+1.58%

net assets

Total assets minus all liabilities

juddmonte farms limited company details

company number

01746568

Type

Private limited with Share Capital

industry

01430 - Raising of horses and other equines

incorporation date

August 1983

age

42

incorporated

UK

ultimate parent company

JUDDMONTE LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

extracast limited (November 1983)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

banstead manor stud, cheveley, newmarket, suffolk, CB8 9RD

Bank

BANK OF IRELAND

Legal Advisor

-

juddmonte farms 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 did not find charges/mortgages relating to juddmonte farms limited.

juddmonte farms 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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juddmonte farms limited Companies House Filings - See Documents

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