a.b. produce plc
a.b. produce plc Company Information
Company Number
02240234
Next Accounts
17 days late
Industry
Post-harvest crop activities
Shareholders
ab produce trading ltd
Group Structure
View All
Contact
Registered Address
6th floor 60 gracechurch street, london, EC3V 0HR
Website
www.abproduce.co.uka.b. produce plc Estimated Valuation
Pomanda estimates the enterprise value of A.B. PRODUCE PLC at £12.8m based on a Turnover of £23.9m and 0.54x industry multiple (adjusted for size and gross margin).
a.b. produce plc Estimated Valuation
Pomanda estimates the enterprise value of A.B. PRODUCE PLC at £0 based on an EBITDA of £-407k and a 5.23x industry multiple (adjusted for size and gross margin).
a.b. produce plc Estimated Valuation
Pomanda estimates the enterprise value of A.B. PRODUCE PLC at £2.1m based on Net Assets of £1.6m and 1.28x industry multiple (adjusted for liquidity).
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A.b. Produce Plc Overview
A.b. Produce Plc is a live company located in london, EC3V 0HR with a Companies House number of 02240234. It operates in the post-harvest crop activities sector, SIC Code 01630. Founded in April 1988, it's largest shareholder is ab produce trading ltd with a 100% stake. A.b. Produce Plc is a mature, large sized company, Pomanda has estimated its turnover at £23.9m with unknown growth in recent years.
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A.b. Produce Plc Health Check
Pomanda's financial health check has awarded A.B. Produce Plc a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £23.9m, make it in line with the average company (£23.1m)
£23.9m - A.b. Produce Plc
£23.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- A.b. Produce Plc
- - Industry AVG
Production
with a gross margin of 11.6%, this company has a lower cost of product (8.8%)
11.6% - A.b. Produce Plc
8.8% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (1.6%)
-2.6% - A.b. Produce Plc
1.6% - Industry AVG
Employees
with 126 employees, this is above the industry average (28)
126 - A.b. Produce Plc
28 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£35.5k)
£37.6k - A.b. Produce Plc
£35.5k - Industry AVG
Efficiency
resulting in sales per employee of £189.8k, this is less efficient (£483.4k)
£189.8k - A.b. Produce Plc
£483.4k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (46 days)
45 days - A.b. Produce Plc
46 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (40 days)
89 days - A.b. Produce Plc
40 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is in line with average (9 days)
7 days - A.b. Produce Plc
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - A.b. Produce Plc
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (66.1%)
88.8% - A.b. Produce Plc
66.1% - Industry AVG
A.B. PRODUCE PLC financials
A.B. Produce Plc's latest turnover from May 2023 is £23.9 million and the company has net assets of £1.6 million. According to their latest financial statements, A.B. Produce Plc has 126 employees and maintains cash reserves of £5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,909,000 | 20,329,000 | 18,739,000 | 27,179,000 | 26,257,000 | 24,412,000 | 28,202,000 | 29,655,000 | 23,536,000 | 22,689,000 | 19,155,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 21,139,000 | 18,531,000 | 15,442,000 | 24,483,000 | 24,553,000 | 18,959,000 | 22,592,000 | 26,889,000 | 19,794,000 | 20,833,000 | 14,338,000 |
| Gross Profit | 2,770,000 | 1,798,000 | 3,297,000 | 2,696,000 | 1,704,000 | 5,453,000 | 5,610,000 | 2,766,000 | 3,742,000 | 1,856,000 | 4,817,000 |
| Admin Expenses | 3,400,000 | 2,550,000 | 3,167,000 | 2,905,000 | 3,287,000 | 3,772,000 | 4,571,000 | 2,576,000 | 2,855,000 | 2,689,000 | 2,621,000 |
| Operating Profit | -630,000 | -752,000 | 130,000 | -209,000 | -1,583,000 | 1,681,000 | 1,039,000 | 190,000 | 887,000 | -833,000 | 2,196,000 |
| Interest Payable | 14,000 | 61,000 | 94,000 | 78,000 | 21,000 | 3,000 | 7,000 | 9,000 | 10,000 | 4,000 | 3,000 |
| Interest Receivable | 64,000 | 47,000 | 46,000 | 43,000 | 56,000 | 64,000 | 27,000 | 24,000 | 23,000 | 20,000 | 2,000 |
| Pre-Tax Profit | -580,000 | -766,000 | 82,000 | -244,000 | -1,548,000 | 1,742,000 | 1,059,000 | 205,000 | 900,000 | -817,000 | 2,195,000 |
| Tax | 134,000 | 86,000 | -31,000 | 36,000 | 367,000 | -384,000 | -250,000 | -23,000 | -231,000 | 232,000 | -720,000 |
| Profit After Tax | -446,000 | -680,000 | 51,000 | -208,000 | -1,181,000 | 1,358,000 | 809,000 | 182,000 | 669,000 | -585,000 | 1,475,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 1,082,000 | 0 | 0 | 0 | 0 | 1,000,000 |
| Retained Profit | -446,000 | -680,000 | 51,000 | -208,000 | -1,181,000 | 276,000 | 809,000 | 182,000 | 669,000 | -585,000 | 475,000 |
| Employee Costs | 4,733,000 | 4,634,000 | 4,328,000 | 4,045,000 | 4,080,000 | 3,850,000 | 3,675,000 | 3,582,000 | 4,005,000 | 3,645,000 | 3,665,000 |
| Number Of Employees | 126 | 144 | 142 | 158 | 141 | 132 | 145 | 149 | 157 | 144 | 144 |
| EBITDA* | -407,000 | -67,000 | 1,157,000 | 949,000 | -592,000 | 2,381,000 | 1,780,000 | 842,000 | 1,453,000 | -221,000 | 2,798,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 801,000 | 1,027,000 | 1,540,000 | 4,882,000 | 5,456,000 | 3,926,000 | 2,718,000 | 2,387,000 | 2,360,000 | 2,188,000 | 2,556,000 |
| Intangible Assets | 0 | 0 | 125,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,399,000 | 1,265,000 | 2,366,000 | 0 | 0 | 750,000 | 750,000 | 750,000 | 0 | 0 | 0 |
| Total Fixed Assets | 2,200,000 | 2,292,000 | 4,031,000 | 4,882,000 | 5,456,000 | 4,676,000 | 3,468,000 | 3,137,000 | 2,360,000 | 2,188,000 | 2,556,000 |
| Stock & work in progress | 434,000 | 452,000 | 410,000 | 459,000 | 322,000 | 313,000 | 408,000 | 535,000 | 368,000 | 540,000 | 366,000 |
| Trade Debtors | 2,950,000 | 2,811,000 | 2,761,000 | 3,888,000 | 3,730,000 | 3,299,000 | 3,512,000 | 3,876,000 | 2,742,000 | 3,668,000 | 2,012,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,110,000 | 8,721,000 | 7,076,000 | 5,270,000 | 3,717,000 | 922,000 | 1,209,000 | 836,000 | 1,230,000 | 1,304,000 | 938,000 |
| Cash | 5,000 | 5,000 | 0 | 5,000 | 0 | 1,799,000 | 1,270,000 | 134,000 | 288,000 | 69,000 | 538,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,499,000 | 11,989,000 | 10,247,000 | 9,622,000 | 7,769,000 | 6,333,000 | 6,399,000 | 5,381,000 | 4,628,000 | 5,581,000 | 3,854,000 |
| total assets | 14,699,000 | 14,281,000 | 14,278,000 | 14,504,000 | 13,225,000 | 11,009,000 | 9,867,000 | 8,518,000 | 6,988,000 | 7,769,000 | 6,410,000 |
| Bank overdraft | 393,000 | 269,000 | 1,140,000 | 1,612,000 | 275,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,210,000 | 5,332,000 | 3,236,000 | 5,305,000 | 4,167,000 | 2,320,000 | 2,081,000 | 3,479,000 | 2,113,000 | 3,346,000 | 1,757,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 20,000 | 24,000 | 486,000 | 432,000 | 124,000 | 69,000 | 149,000 | 80,000 | 23,000 | 45,000 |
| other current liabilities | 4,713,000 | 3,765,000 | 3,593,000 | 1,111,000 | 1,573,000 | 1,710,000 | 1,800,000 | 1,086,000 | 1,102,000 | 1,400,000 | 930,000 |
| total current liabilities | 10,316,000 | 9,386,000 | 7,993,000 | 8,514,000 | 6,447,000 | 4,154,000 | 3,950,000 | 4,714,000 | 3,295,000 | 4,769,000 | 2,732,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 21,000 | 814,000 | 1,170,000 | 311,000 | 15,000 | 46,000 | 48,000 | 0 | 23,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 8,000 | 0 | 42,000 | 71,000 |
| provisions | 2,741,000 | 2,807,000 | 3,496,000 | 1,870,000 | 2,094,000 | 1,849,000 | 1,476,000 | 140,000 | 177,000 | 199,000 | 240,000 |
| total long term liabilities | 2,741,000 | 2,807,000 | 3,517,000 | 2,684,000 | 3,264,000 | 2,160,000 | 1,498,000 | 194,000 | 225,000 | 241,000 | 334,000 |
| total liabilities | 13,057,000 | 12,193,000 | 11,510,000 | 11,198,000 | 9,711,000 | 6,314,000 | 5,448,000 | 4,908,000 | 3,520,000 | 5,010,000 | 3,066,000 |
| net assets | 1,642,000 | 2,088,000 | 2,768,000 | 3,306,000 | 3,514,000 | 4,695,000 | 4,419,000 | 3,610,000 | 3,468,000 | 2,759,000 | 3,344,000 |
| total shareholders funds | 1,642,000 | 2,088,000 | 2,768,000 | 3,306,000 | 3,514,000 | 4,695,000 | 4,419,000 | 3,610,000 | 3,468,000 | 2,759,000 | 3,344,000 |
| May 2023 | May 2022 | May 2021 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -630,000 | -752,000 | 130,000 | -209,000 | -1,583,000 | 1,681,000 | 1,039,000 | 190,000 | 887,000 | -833,000 | 2,196,000 |
| Depreciation | 223,000 | 560,000 | 903,000 | 1,158,000 | 991,000 | 700,000 | 741,000 | 652,000 | 566,000 | 612,000 | 602,000 |
| Amortisation | 0 | 125,000 | 124,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 134,000 | 86,000 | -31,000 | 36,000 | 367,000 | -384,000 | -250,000 | -23,000 | -231,000 | 232,000 | -720,000 |
| Stock | -18,000 | 42,000 | 410,000 | 137,000 | 9,000 | -95,000 | -127,000 | 167,000 | -172,000 | 174,000 | 366,000 |
| Debtors | 662,000 | 594,000 | 12,203,000 | 1,711,000 | 2,476,000 | -500,000 | 9,000 | 1,490,000 | -1,000,000 | 2,022,000 | 2,950,000 |
| Creditors | -122,000 | 2,096,000 | 3,236,000 | 1,138,000 | 1,847,000 | 239,000 | -1,398,000 | 1,366,000 | -1,233,000 | 1,589,000 | 1,757,000 |
| Accruals and Deferred Income | 948,000 | 172,000 | 3,593,000 | -462,000 | -137,000 | -90,000 | 714,000 | -16,000 | -298,000 | 470,000 | 930,000 |
| Deferred Taxes & Provisions | -66,000 | -689,000 | 3,496,000 | -224,000 | 245,000 | 373,000 | 1,336,000 | -37,000 | -22,000 | -41,000 | 240,000 |
| Cash flow from operations | -157,000 | 962,000 | -1,162,000 | -411,000 | -755,000 | 3,114,000 | 2,300,000 | 475,000 | 841,000 | -167,000 | 1,689,000 |
| Investing Activities | |||||||||||
| capital expenditure | -1,476,000 | -1,598,000 | -501,000 | -490,000 | -695,000 | -850,000 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,476,000 | -1,598,000 | -501,000 | -490,000 | -695,000 | -850,000 | |||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -20,000 | -25,000 | 45,000 | -302,000 | 1,167,000 | 351,000 | -111,000 | 67,000 | 105,000 | -45,000 | 68,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -7,000 | -1,000 | 8,000 | -42,000 | -29,000 | 71,000 |
| share issue | |||||||||||
| interest | 50,000 | -14,000 | -48,000 | -35,000 | 35,000 | 61,000 | 20,000 | 15,000 | 13,000 | 16,000 | -1,000 |
| cash flow from financing | 30,000 | -39,000 | 2,714,000 | -337,000 | 1,202,000 | 405,000 | -92,000 | 50,000 | 116,000 | -58,000 | 3,007,000 |
| cash and cash equivalents | |||||||||||
| cash | 0 | 5,000 | 0 | 5,000 | -1,799,000 | 529,000 | 1,136,000 | -154,000 | 219,000 | -469,000 | 538,000 |
| overdraft | 124,000 | -871,000 | 1,140,000 | 1,337,000 | 275,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -124,000 | 876,000 | -1,140,000 | -1,332,000 | -2,074,000 | 529,000 | 1,136,000 | -154,000 | 219,000 | -469,000 | 538,000 |
a.b. produce plc Credit Report and Business Information
A.b. Produce Plc Competitor Analysis
Perform a competitor analysis for a.b. produce plc by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in EC3V area or any other competitors across 12 key performance metrics.
a.b. produce plc Ownership
A.B. PRODUCE PLC group structure
A.B. Produce Plc has no subsidiary companies.
a.b. produce plc directors
A.B. Produce Plc currently has 4 directors. The longest serving directors include Mr Paul Bridgen (Apr 1988) and Mr Peter Ellis (May 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Bridgen | United Kingdom | 57 years | Apr 1988 | - | Director |
| Mr Peter Ellis | United Kingdom | 70 years | May 1996 | - | Director |
| Mr Derek Tomkinson | 75 years | Sep 1998 | - | Director | |
| Mr Neil Sharratt | United Kingdom | 60 years | May 2006 | - | Director |
P&L
May 2023turnover
23.9m
+18%
operating profit
-630k
-16%
gross margin
11.6%
+30.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.6m
-0.21%
total assets
14.7m
+0.03%
cash
5k
0%
net assets
Total assets minus all liabilities
Similar Companies
a.b. produce plc company details
company number
02240234
Type
Public limited with Share Capital
industry
01630 - Post-harvest crop activities
incorporation date
April 1988
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
bidcharge limited (May 1988)
accountant
-
auditor
RSM UK AUDIT LLP
address
6th floor 60 gracechurch street, london, EC3V 0HR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
a.b. produce plc 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 8 charges/mortgages relating to a.b. produce plc. Currently there are 1 open charges and 7 have been satisfied in the past.
a.b. produce plc Capital Raised & Share Issues BETA
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a.b. produce plc Companies House Filings - See Documents
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