channel meats limited
channel meats limited Company Information
Company Number
01998530
Next Accounts
Sep 2025
Shareholders
debm investments limited
Group Structure
View All
Industry
Wholesale of meat and meat products
+1Registered Address
31 central markets, west market building, smithfield, london, EC1A 9PS
Website
www.channelmeats.co.ukchannel meats limited Estimated Valuation
Pomanda estimates the enterprise value of CHANNEL MEATS LIMITED at £17.3m based on a Turnover of £35.2m and 0.49x industry multiple (adjusted for size and gross margin).
channel meats limited Estimated Valuation
Pomanda estimates the enterprise value of CHANNEL MEATS LIMITED at £6.3m based on an EBITDA of £1.4m and a 4.63x industry multiple (adjusted for size and gross margin).
channel meats limited Estimated Valuation
Pomanda estimates the enterprise value of CHANNEL MEATS LIMITED at £33.2m based on Net Assets of £11.4m and 2.92x industry multiple (adjusted for liquidity).
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Channel Meats Limited Overview
Channel Meats Limited is a live company located in smithfield, EC1A 9PS with a Companies House number of 01998530. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in March 1986, it's largest shareholder is debm investments limited with a 100% stake. Channel Meats Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.2m with healthy growth in recent years.
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Channel Meats Limited Health Check
Pomanda's financial health check has awarded Channel Meats Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £35.2m, make it larger than the average company (£14.6m)
£35.2m - Channel Meats Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8%)
7% - Channel Meats Limited
8% - Industry AVG
Production
with a gross margin of 11.3%, this company has a higher cost of product (14.6%)
11.3% - Channel Meats Limited
14.6% - Industry AVG
Profitability
an operating margin of 3.9% make it as profitable than the average company (3.8%)
3.9% - Channel Meats Limited
3.8% - Industry AVG
Employees
with 24 employees, this is similar to the industry average (20)
24 - Channel Meats Limited
20 - Industry AVG
Pay Structure
on an average salary of £64.6k, the company has a higher pay structure (£32.7k)
£64.6k - Channel Meats Limited
£32.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£401.7k)
£1.5m - Channel Meats Limited
£401.7k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is near the average (28 days)
23 days - Channel Meats Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (25 days)
20 days - Channel Meats Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (16 days)
2 days - Channel Meats Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 120 weeks, this is more cash available to meet short term requirements (19 weeks)
120 weeks - Channel Meats Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.4%, this is a lower level of debt than the average (57.4%)
17.4% - Channel Meats Limited
57.4% - Industry AVG
CHANNEL MEATS LIMITED financials
Channel Meats Limited's latest turnover from December 2023 is £35.2 million and the company has net assets of £11.4 million. According to their latest financial statements, Channel Meats Limited has 24 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,184,746 | 34,801,376 | 32,679,827 | 28,443,807 | 30,452,409 | 27,822,765 | 24,423,281 | 23,181,106 | 23,308,873 | 22,310,914 | 19,404,804 | 18,816,679 | 18,954,185 | 16,731,184 | 17,594,080 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 31,227,130 | 30,921,875 | 28,905,744 | 25,034,648 | 27,124,654 | 24,736,182 | 21,791,167 | 20,776,548 | 20,468,164 | 19,686,676 | 17,066,014 | 16,579,113 | 17,373,838 | 14,881,376 | 15,507,279 |
| Gross Profit | 3,957,616 | 3,879,501 | 3,774,083 | 3,409,159 | 3,327,755 | 3,086,583 | 2,632,114 | 2,404,558 | 2,840,709 | 2,624,238 | 2,338,790 | 2,237,566 | 1,580,347 | 1,849,808 | 2,086,801 |
| Admin Expenses | 2,596,166 | 2,588,743 | 2,085,339 | 2,231,464 | 1,974,901 | 2,032,836 | 2,122,703 | 1,819,977 | 1,723,722 | 1,362,350 | 1,257,679 | 1,210,330 | 1,121,080 | 1,206,704 | 1,416,157 |
| Operating Profit | 1,361,450 | 1,290,758 | 1,688,744 | 1,177,695 | 1,352,854 | 1,053,747 | 509,411 | 584,581 | 1,116,987 | 1,261,888 | 1,081,111 | 1,027,236 | 459,267 | 643,104 | 670,644 |
| Interest Payable | 17,783 | 13,198 | 7,869 | 5,619 | 5,585 | ||||||||||
| Interest Receivable | 135,429 | 39,608 | 30,526 | 34,233 | 39,729 | 32,601 | 18,934 | 22,140 | 9,993 | 136,284 | 103,123 | 48,210 | 54,526 | 55,831 | 55,299 |
| Pre-Tax Profit | 1,496,879 | 7,504,012 | 1,719,270 | 1,211,928 | 1,392,583 | 1,086,348 | 528,345 | 606,821 | 1,126,980 | 1,398,172 | 1,166,451 | 3,482,138 | 505,924 | 694,887 | 720,358 |
| Tax | -358,349 | -1,436,235 | -348,796 | -274,266 | -315,422 | -203,143 | -104,156 | -129,503 | -232,899 | -327,183 | -267,595 | -270,315 | -139,165 | -197,490 | -203,886 |
| Profit After Tax | 1,138,530 | 6,067,777 | 1,370,474 | 937,662 | 1,077,161 | 883,205 | 424,189 | 477,318 | 894,081 | 1,070,989 | 898,856 | 3,211,823 | 366,759 | 497,397 | 516,472 |
| Dividends Paid | 521,875 | 1,738,287 | 1,820,625 | 1,050,000 | 880,000 | 5,549,921 | 650,079 | 236,585 | |||||||
| Retained Profit | 616,655 | 4,329,490 | -450,151 | -112,338 | 197,161 | 883,205 | 424,189 | 477,318 | 894,081 | -4,478,932 | 248,777 | 3,211,823 | 130,174 | 497,397 | 516,472 |
| Employee Costs | 1,550,438 | 1,624,885 | 1,488,102 | 1,388,887 | 1,318,983 | 1,404,559 | 1,263,339 | 914,696 | 1,008,447 | 975,987 | 958,593 | 949,982 | 845,013 | 966,746 | 1,061,015 |
| Number Of Employees | 24 | 24 | 25 | 24 | 25 | 23 | 22 | 20 | 19 | 18 | 18 | 18 | 18 | 18 | 17 |
| EBITDA* | 1,369,356 | 1,442,773 | 1,850,824 | 1,340,680 | 1,515,437 | 1,194,264 | 531,508 | 607,170 | 1,140,128 | 1,287,121 | 1,095,248 | 1,034,351 | 466,487 | 647,491 | 673,805 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,338 | 20,244 | 774,295 | 907,694 | 1,070,679 | 1,229,392 | 1,225,670 | 23,921 | 46,510 | 69,651 | 51,666 | 26,832 | 16,447 | 16,666 | 9,482 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 4,834,000 | 80 | 80 | 80 | |||||||||||
| Debtors (Due After 1 year) | 1,715,090 | 1,715,090 | 1,715,090 | 1,774,631 | |||||||||||
| Total Fixed Assets | 4,846,338 | 20,244 | 774,295 | 907,694 | 1,070,679 | 1,229,392 | 1,225,670 | 23,921 | 46,510 | 69,651 | 51,666 | 1,741,922 | 1,731,617 | 1,731,836 | 1,784,193 |
| Stock & work in progress | 198,224 | 289,484 | 243,691 | 211,158 | 193,961 | 187,039 | 156,616 | 86,657 | 74,601 | 76,693 | 94,167 | 63,098 | 133,887 | 127,686 | 69,111 |
| Trade Debtors | 2,294,605 | 3,133,356 | 2,525,161 | 2,010,995 | 2,541,070 | 2,110,686 | 1,881,204 | 3,221,982 | 3,257,163 | 2,400,121 | 2,291,156 | 2,111,127 | 2,452,009 | 2,482,801 | 2,448,613 |
| Group Debtors | 1,738,340 | 1,738,340 | 1,738,340 | 1,738,340 | 1,738,340 | 1,738,340 | 1,738,340 | 1,738,340 | 400,531 | 400,531 | 400,531 | ||||
| Misc Debtors | 874,438 | 6,209,245 | 2,125,966 | 1,396,012 | 1,468,183 | 1,529,043 | 915,094 | 843,307 | 837,549 | 60,253 | 6,508,738 | 4,709,832 | 1,091,430 | 1,205,871 | 902,527 |
| Cash | 5,591,575 | 5,423,219 | 1,513,106 | 2,891,591 | 2,224,131 | 2,047,279 | 2,022,466 | 711,514 | 898,458 | 979,383 | 334,405 | 624,847 | 254,022 | 636,416 | 689,660 |
| misc current assets | |||||||||||||||
| total current assets | 8,958,842 | 15,055,304 | 8,146,264 | 8,248,096 | 8,165,685 | 7,612,387 | 6,713,720 | 6,601,800 | 6,806,111 | 5,254,790 | 9,228,466 | 7,508,904 | 4,331,879 | 4,853,305 | 4,510,442 |
| total assets | 13,805,180 | 15,075,548 | 8,920,559 | 9,155,790 | 9,236,364 | 8,841,779 | 7,939,390 | 6,625,721 | 6,852,621 | 5,324,441 | 9,280,132 | 9,250,826 | 6,063,496 | 6,585,141 | 6,294,635 |
| Bank overdraft | 283,676 | 644,382 | 1,381,683 | 1,324,071 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,724,349 | 2,142,498 | 1,667,804 | 1,547,584 | 1,713,109 | 1,621,658 | 1,690,090 | 2,017,042 | 2,499,453 | 1,843,475 | 1,380,510 | 1,329,868 | 1,240,115 | 969,981 | 1,011,111 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 683,157 | 2,152,031 | 662,950 | 571,807 | 379,601 | 297,092 | 178,848 | 162,416 | 384,223 | 406,102 | 345,826 | 332,263 | 85,803 | 270,455 | 493,828 |
| total current liabilities | 2,407,506 | 4,294,529 | 2,330,754 | 2,119,391 | 2,092,710 | 1,918,750 | 1,868,938 | 2,179,458 | 2,883,676 | 2,249,577 | 1,726,336 | 1,945,807 | 1,970,300 | 2,622,119 | 2,829,010 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 138,276 | 157,519 | 175,236 | 174,572 | 240,000 | ||||||||||
| total long term liabilities | 138,276 | 157,519 | 175,236 | 174,572 | 240,000 | ||||||||||
| total liabilities | 2,407,506 | 4,294,529 | 2,469,030 | 2,276,910 | 2,267,946 | 2,093,322 | 2,108,938 | 2,179,458 | 2,883,676 | 2,249,577 | 1,726,336 | 1,945,807 | 1,970,300 | 2,622,119 | 2,829,010 |
| net assets | 11,397,674 | 10,781,019 | 6,451,529 | 6,878,880 | 6,968,418 | 6,748,457 | 5,830,452 | 4,446,263 | 3,968,945 | 3,074,864 | 7,553,796 | 7,305,019 | 4,093,196 | 3,963,022 | 3,465,625 |
| total shareholders funds | 11,397,674 | 10,781,019 | 6,451,529 | 6,878,880 | 6,968,418 | 6,748,457 | 5,830,452 | 4,446,263 | 3,968,945 | 3,074,864 | 7,553,796 | 7,305,019 | 4,093,196 | 3,963,022 | 3,465,625 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,361,450 | 1,290,758 | 1,688,744 | 1,177,695 | 1,352,854 | 1,053,747 | 509,411 | 584,581 | 1,116,987 | 1,261,888 | 1,081,111 | 1,027,236 | 459,267 | 643,104 | 670,644 |
| Depreciation | 7,906 | 152,015 | 162,080 | 162,985 | 162,583 | 140,517 | 22,097 | 22,589 | 23,141 | 25,233 | 14,137 | 7,115 | 7,220 | 4,387 | 3,161 |
| Amortisation | |||||||||||||||
| Tax | -358,349 | -1,436,235 | -348,796 | -274,266 | -315,422 | -203,143 | -104,156 | -129,503 | -232,899 | -327,183 | -267,595 | -270,315 | -139,165 | -197,490 | -203,886 |
| Stock | -91,260 | 45,793 | 32,533 | 17,197 | 6,922 | 30,423 | 69,959 | 12,056 | -2,092 | -17,474 | 31,069 | -70,789 | 6,201 | 58,575 | 69,111 |
| Debtors | -6,173,558 | 2,953,134 | 1,244,120 | -602,246 | 369,524 | 843,431 | -1,268,991 | -29,423 | 1,634,338 | -4,601,180 | 263,845 | 2,876,989 | -145,233 | 277,991 | 5,526,302 |
| Creditors | -418,149 | 474,694 | 120,220 | -165,525 | 91,451 | -68,432 | -326,952 | -482,411 | 655,978 | 462,965 | 50,642 | 89,753 | 270,134 | -41,130 | 1,011,111 |
| Accruals and Deferred Income | -1,468,874 | 1,489,081 | 91,143 | 192,206 | 82,509 | 118,244 | 16,432 | -221,807 | -21,879 | 60,276 | 13,563 | 246,460 | -184,652 | -223,373 | 493,828 |
| Deferred Taxes & Provisions | -138,276 | -19,243 | -17,717 | 664 | -65,428 | 240,000 | |||||||||
| Cash flow from operations | 5,388,802 | -1,166,890 | 417,495 | 1,660,427 | 998,193 | 101,651 | 1,555,864 | -209,184 | -90,918 | 6,101,833 | 596,944 | -1,705,951 | 551,836 | -151,068 | -3,620,555 |
| Investing Activities | |||||||||||||||
| capital expenditure | -144,719 | -43,218 | -38,971 | -17,500 | -7,001 | -10,000 | -12,643 | ||||||||
| Change in Investments | 4,834,000 | -80 | 80 | ||||||||||||
| cash flow from investments | -4,834,000 | -144,719 | -43,218 | -38,971 | -17,420 | -7,001 | -10,000 | -12,723 | |||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 135,429 | 39,608 | 30,526 | 34,233 | 39,729 | 32,601 | 18,934 | 22,140 | 9,993 | 136,284 | 85,340 | 35,012 | 46,657 | 50,212 | 49,714 |
| cash flow from financing | 135,429 | 39,608 | 53,326 | 57,033 | 62,529 | 67,401 | 978,934 | 22,140 | 9,993 | 136,284 | 85,340 | 35,012 | 46,657 | 50,212 | 2,998,867 |
| cash and cash equivalents | |||||||||||||||
| cash | 168,356 | 3,910,113 | -1,378,485 | 667,460 | 176,852 | 24,813 | 1,310,952 | -186,944 | -80,925 | 644,978 | -290,442 | 370,825 | -382,394 | -53,244 | 689,660 |
| overdraft | -283,676 | -360,706 | -737,301 | 57,612 | 1,324,071 | ||||||||||
| change in cash | 168,356 | 3,910,113 | -1,378,485 | 667,460 | 176,852 | 24,813 | 1,310,952 | -186,944 | -80,925 | 644,978 | -6,766 | 731,531 | 354,907 | -110,856 | -634,411 |
channel meats limited Credit Report and Business Information
Channel Meats Limited Competitor Analysis
Perform a competitor analysis for channel meats limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC1A area or any other competitors across 12 key performance metrics.
channel meats limited Ownership
CHANNEL MEATS LIMITED group structure
Channel Meats Limited has 1 subsidiary company.
Ultimate parent company
CHANNEL MEATS LIMITED
01998530
1 subsidiary
channel meats limited directors
Channel Meats Limited currently has 2 directors. The longest serving directors include Mr Daniel Browne (May 1991) and Mr Adam Murphy (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Browne | England | 87 years | May 1991 | - | Director |
| Mr Adam Murphy | England | 41 years | Mar 2016 | - | Director |
P&L
December 2023turnover
35.2m
+1%
operating profit
1.4m
+5%
gross margin
11.3%
+0.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.4m
+0.06%
total assets
13.8m
-0.08%
cash
5.6m
+0.03%
net assets
Total assets minus all liabilities
channel meats limited company details
company number
01998530
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
47220 - Retail sale of meat and meat products in specialised stores
incorporation date
March 1986
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
fromarch limited (June 1986)
accountant
-
auditor
CLEMENCE HOAR CUMMINGS
address
31 central markets, west market building, smithfield, london, EC1A 9PS
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
PENNINGTONS MANCHES LLP
channel meats 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 channel meats limited. Currently there are 3 open charges and 0 have been satisfied in the past.
channel meats 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.
Click to start generating capital raising & share issue transactions for CHANNEL MEATS LIMITED. This can take several minutes, an email will notify you when this has completed.
channel meats limited Companies House Filings - See Documents
| date | description | view/download |
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