Glendale Foods Limited

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glendale foods limited Company Information

Company Number

01906927

Next Accounts

Jul 2025

Directors

Simon Whittaker

Alim Somji

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Shareholders

supreme foods ltd

Group Structure

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Industry

Production of meat and poultry meat products

Registered Address

glendale house, cobden street pendleton, salford manchester, lancashire, M6 6LX

Website

www.glendalefoods.com

glendale foods limited Estimated Valuation

£26.9m

Pomanda estimates the enterprise value of GLENDALE FOODS LIMITED at £26.9m based on an EBITDA of £2.8m and a 9.48x industry multiple (adjusted for size and gross margin).

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Glendale Foods Limited is a live company located in salford manchester, M6 6LX with a Companies House number of 01906927. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in April 1985, it's largest shareholder is supreme foods ltd with a 100% stake. Glendale Foods Limited is a mature, large sized company, Pomanda has estimated its turnover at £27.4m with high growth in recent years.

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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £27.4m, make it smaller than the average company (£34.4m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.7%)

EXPORT

Glendale Foods Limited's latest turnover from October 2023 is £27.4 million and the company has net assets of £7.4 million. According to their latest financial statements, Glendale Foods Limited has 114 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Sep 2020	Sep 2019	Sep 2018	Oct 2017	Oct 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	27,432,114	22,632,724	17,378,248	16,117,629	17,729,102	17,298,294	18,009,837	18,602,701	19,232,806	13,621,077	12,898,875	12,506,526	11,263,429	9,407,377	10,701,128
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	19,098,666	15,255,984	11,831,418	11,234,634	12,143,817	12,128,168	12,285,917	13,064,074	13,292,714	9,919,365	9,842,930	9,063,460	8,693,830	7,225,239	8,357,059
Gross Profit	8,333,448	7,376,740	5,546,830	4,882,995	5,585,285	5,170,126	5,723,920	5,538,627	5,940,092	3,701,712	3,055,945	3,443,066	2,569,599	2,182,138	2,344,069
Admin Expenses	6,130,323	5,437,495	4,040,030	3,924,634	4,625,502	4,270,640	4,503,448	3,985,395	2,834,197	2,795,922	2,606,157	2,679,426	2,409,108	2,056,168	2,239,069
Operating Profit	2,203,125	1,939,245	1,506,800	958,361	959,783	899,486	1,220,472	1,553,232	3,105,895	905,790	449,788	763,640	160,491	125,970	105,000
Interest Payable	79,449	49,741	37,374	42,322	56,280	74,025	74,398	86,417	68,278	56,398	62,938	47,965	35,089	19,893	20,688
Interest Receivable	0	0	0	0	314	22	0	10	1,208	0	0	0	1,137	1,182	0
Pre-Tax Profit	2,123,676	1,889,504	1,469,426	916,039	903,817	825,483	1,146,074	1,466,825	3,038,825	797,341	97,718	244,500	126,539	107,259	84,312
Tax	-493,910	-250,847	-320,239	-101,379	9,569	-169,481	-242,073	-261,348	-712,089	-135,300	7,269	97,532	-55,380	-28,205	-23,176
Profit After Tax	1,629,766	1,638,657	1,149,187	814,660	913,386	656,002	904,001	1,205,477	2,326,736	662,041	104,987	342,032	71,159	79,054	61,136
Dividends Paid	277,541	246,888	337,693	357,172	208,025	208,027	1,208,025	1,488,642	928,218	306,717	218,216	290,217	236,402	218,217	162,739
Retained Profit	1,352,225	1,391,769	811,494	457,488	705,361	447,975	-304,024	-283,165	1,398,518	355,324	-113,229	51,815	-165,243	-139,163	-101,603
Employee Costs	4,896,730	3,980,392	3,193,072	3,260,858	3,978,502	3,687,947	3,612,230	4,023,960	4,661,393	3,450,171	2,987,908	2,888,578	3,126,538	2,482,796	2,665,855
Number Of Employees	114	102	91	116	135	131	135	136	136	128	127	107	107	127	148
EBITDA*	2,840,008	2,524,130	2,039,414	1,472,689	1,444,508	1,362,091	1,859,987	2,022,436	3,491,580	1,162,821	736,769	1,099,706	390,884	308,051	293,520

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Sep 2020	Sep 2019	Sep 2018	Oct 2017	Oct 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	4,421,913	3,825,038	3,638,433	3,843,869	4,030,318	3,969,560	4,120,019	4,117,953	3,953,012	1,334,484	1,371,670	1,464,197	1,693,933	1,035,601	940,398
Intangible Assets	0	0	0	0	0	0	0	205,019	273,359	341,700	367,984	394,268	420,552	446,836	473,120
Investments & Other	400	400	400	400	400	400	400	400	400	400	400	400	400	400	400
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,422,313	3,825,438	3,638,833	3,844,269	4,030,718	3,969,960	4,120,419	4,323,372	4,226,771	1,676,584	1,740,054	1,858,865	2,114,885	1,482,837	1,413,918
Stock & work in progress	3,236,246	2,833,627	2,593,305	1,629,384	2,037,855	2,146,459	1,661,956	1,489,627	1,996,097	1,021,935	1,034,258	987,101	981,041	788,094	842,178
Trade Debtors	4,366,547	2,950,994	3,148,757	2,294,157	3,465,003	3,174,588	3,030,453	3,264,688	2,828,512	2,207,584	1,937,386	1,795,609	1,657,990	1,475,861	1,173,889
Group Debtors	1,040,100	1,040,100	1,040,100	1,040,100	1,040,100	1,040,100	1,040,100	2,040,100	0	250,000	250,000	250,000	250,000	250,000	250,000
Misc Debtors	253,236	677,904	461,585	204,949	416,910	204,594	236,589	281,931	280,648	958,291	1,013,331	1,189,970	290,634	215,725	158,776
Cash	2,609,473	3,635,952	2,631,318	1,074,592	525,028	302,860	91,864	48,421	108,830	965,977	90,205	56,730	27,474	214,142	148,418
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	11,505,602	11,138,577	9,875,065	6,243,182	7,484,896	6,868,601	6,060,962	7,124,767	5,214,087	5,403,787	4,325,180	4,279,410	3,207,139	2,943,822	2,573,261
total assets	15,927,915	14,964,015	13,513,898	10,087,451	11,515,614	10,838,561	10,181,381	11,448,139	9,440,858	7,080,371	6,065,234	6,138,275	5,322,024	4,426,659	3,987,179
Bank overdraft	262,446	257,783	264,838	128,126	61,352	58,273	116,541	307,128	61,560	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	32,084	0	0
Trade Creditors	2,474,953	3,251,313	2,808,890	1,669,377	3,047,949	2,832,807	1,948,531	2,073,743	2,566,761	1,693,630	2,105,027	2,452,362	1,780,403	1,293,329	852,668
Group/Directors Accounts	0	10,545	32,724	18,074	80,493	0	187,516	302,402	2,922	37,186	50,586	5,834	524	878	5,674
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	30,510	110,129	74,892	145,429	313,437	400,884	320,748	242,158	228,879	270,223	312,463	220,957	92,639	71,792
other current liabilities	4,183,338	3,659,476	3,714,570	2,153,855	3,675,046	3,575,414	3,589,061	3,922,842	2,204,664	3,474,741	2,258,974	1,770,342	1,731,146	1,583,406	1,460,298
total current liabilities	6,920,737	7,209,627	6,931,151	4,044,324	7,010,269	6,779,931	6,242,533	6,926,863	5,078,065	5,434,436	4,684,810	4,541,001	3,765,114	2,970,252	2,390,432
loans	805,300	1,072,410	1,329,901	1,597,316	725,767	788,683	852,515	976,038	572,301	0	0	0	0	0	0
hp & lease commitments	0	0	29,952	142,625	0	145,393	393,202	516,943	543,851	177,891	308,067	404,419	318,338	107,972	124,104
Accruals and Deferred Income	94,580	104,006	113,432	122,857	132,283	141,709	151,134	160,560	169,986	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	752,760	575,659	498,918	381,279	305,733	346,644	353,771	375,485	301,240	91,147	50,784	58,053	155,585	100,205	72,000
total long term liabilities	1,652,640	1,752,075	1,972,203	2,244,077	1,163,783	1,422,429	1,750,622	2,029,026	1,587,378	269,038	358,851	462,472	473,923	208,177	196,104
total liabilities	8,573,377	8,961,702	8,903,354	6,288,401	8,174,052	8,202,360	7,993,155	8,955,889	6,665,443	5,703,474	5,043,661	5,003,473	4,239,037	3,178,429	2,586,536
net assets	7,354,538	6,002,313	4,610,544	3,799,050	3,341,562	2,636,201	2,188,226	2,492,250	2,775,415	1,376,897	1,021,573	1,134,802	1,082,987	1,248,230	1,400,643
total shareholders funds	7,354,538	6,002,313	4,610,544	3,799,050	3,341,562	2,636,201	2,188,226	2,492,250	2,775,415	1,376,897	1,021,573	1,134,802	1,082,987	1,248,230	1,400,643

	Oct 2023	Oct 2022	Oct 2021	Sep 2020	Sep 2019	Sep 2018	Oct 2017	Oct 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	2,203,125	1,939,245	1,506,800	958,361	959,783	899,486	1,220,472	1,553,232	3,105,895	905,790	449,788	763,640	160,491	125,970	105,000
Depreciation	636,883	584,885	532,614	514,328	484,725	462,605	434,495	400,864	317,345	230,747	260,697	309,782	204,109	155,797	162,236
Amortisation	0	0	0	0	0	0	205,020	68,340	68,340	26,284	26,284	26,284	26,284	26,284	26,284
Tax	-493,910	-250,847	-320,239	-101,379	9,569	-169,481	-242,073	-261,348	-712,089	-135,300	7,269	97,532	-55,380	-28,205	-23,176
Stock	402,619	240,322	963,921	-408,471	-108,604	484,503	172,329	-506,470	974,162	-12,323	47,157	6,060	192,947	-54,084	842,178
Debtors	990,885	18,556	1,111,236	-1,382,807	502,731	112,140	-1,279,577	2,477,559	-306,715	215,158	-34,862	1,036,955	257,038	358,921	1,582,665
Creditors	-776,360	442,423	1,139,513	-1,378,572	215,142	884,276	-125,212	-493,018	873,131	-411,397	-347,335	671,959	487,074	440,661	852,668
Accruals and Deferred Income	514,436	-64,520	1,551,290	-1,530,617	90,206	-23,072	-343,207	1,708,752	-1,100,091	1,215,767	488,632	39,196	147,740	123,108	1,460,298
Deferred Taxes & Provisions	177,101	76,741	117,639	75,546	-40,911	-7,127	-21,714	74,245	210,093	40,363	-7,269	-97,532	55,380	28,205	72,000
Cash flow from operations	867,771	2,469,049	2,452,460	328,945	1,324,387	1,450,044	2,235,029	1,079,978	2,095,177	1,669,419	865,771	767,846	575,713	566,983	230,467
Investing Activities
capital expenditure	-1,233,758	0	0	0	0	-319,977	-436,953	-558,951	-2,185,871	-73,914	32,616	404,768	-382,383	-197,324	-85,545
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	400
cash flow from investments	-1,233,758	0	0	0	0	-319,977	-436,953	-558,951	-2,185,871	-73,914	32,616	404,768	-382,383	-197,324	-85,945
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	-32,084	32,084	0	0
Group/Directors Accounts	-10,545	-22,179	14,650	-62,419	80,493	-187,516	-114,886	299,480	-34,264	-13,400	44,752	5,310	-354	-4,796	5,674
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-267,110	-257,491	-267,415	871,549	-62,916	-63,832	-123,523	403,737	572,301	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-30,510	-109,571	-77,436	72,088	-313,401	-335,256	-43,605	51,682	379,239	-171,520	-138,592	177,587	338,684	4,715	195,896
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	-13,250	1,502,246
interest	-79,449	-49,741	-37,374	-42,322	-55,966	-74,003	-74,398	-86,407	-67,070	-56,398	-62,938	-47,965	-33,952	-18,711	-20,688
cash flow from financing	-387,614	-438,982	-367,575	838,896	-351,790	-660,607	-356,412	668,492	850,206	-241,318	-156,778	102,848	336,462	-32,042	1,683,128
cash and cash equivalents
cash	-1,026,479	1,004,634	1,556,726	549,564	222,168	210,996	43,443	-60,409	-857,147	875,772	33,475	29,256	-186,668	65,724	148,418
overdraft	4,663	-7,055	136,712	66,774	3,079	-58,268	-190,587	245,568	61,560	0	0	0	0	0	0
change in cash	-1,031,142	1,011,689	1,420,014	482,790	219,089	269,264	234,030	-305,977	-918,707	875,772	33,475	29,256	-186,668	65,724	148,418

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLENDALE FOODS LIMITED group structure

Glendale Foods Limited has no subsidiary companies.

Ultimate parent company

SHALLAN INVESTMENTS LTD

#0015038

SUPREME FOODS LIMITED

05733422

2 parents

GLENDALE FOODS LIMITED

01906927

GLENDALE FOODS LIMITED Shareholders

supreme foods ltd

100%

Glendale Foods Limited currently has 3 directors. The longest serving directors include Mr Simon Whittaker (May 2024) and Mr Alim Somji (May 2024).

officer	age	start	end	role
Mr Simon Whittaker	57 years	May 2024	-	Director
Mr Alim Somji	65 years	May 2024	-	Director
Mr Shafin Somji	35 years	May 2024	-	Director

P&L

October 2023

turnover

27.4m

+21%

operating profit

2.2m

+14%

gross margin

30.4%

-6.8%

turnover

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

Balance Sheet

October 2023

net assets

7.4m

+0.23%

total assets

15.9m

+0.06%

cash

2.6m

-0.28%

net assets

Total assets minus all liabilities

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company number

01906927

Type

Private limited with Share Capital

industry

10130 - Production of meat and poultry meat products

incorporation date

April 1985

ultimate parent company

SHALLAN INVESTMENTS LTD

previous names

glendale frozen foods limited (April 2008)

glendale frozen foods limited (February 2008)

address

glendale house, cobden street pendleton, salford manchester, lancashire, M6 6LX

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 glendale foods limited. Currently there are 1 open charges and 9 have been satisfied in the past.

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glendale foods limited Company Information

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glendale foods limited Estimated Valuation

glendale foods limited Estimated Valuation

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