We Can Foods Limited

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we can foods limited Company Information

Live

MatureSmallDeclining

Company Number

02244456

Next Accounts

Mar 2025

Industry

Manufacture of other food products n.e.c.

Directors

Robert Simon

Stephen Muller

Shareholders

spl foods ltd

seasoners fine food ltd

Group Structure

View All

Contact

Registered Address

glebe mill drury lane, chadderton, oldham, OL9 7PH

Website

www.wecanfood.co.uk

we can foods limited Estimated Valuation

£816.2k

Pomanda estimates the enterprise value of WE CAN FOODS LIMITED at £816.2k based on a Turnover of £1.4m and 0.57x industry multiple (adjusted for size and gross margin).

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We Can Foods Limited is a live company located in oldham, OL9 7PH with a Companies House number of 02244456. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in April 1988, it's largest shareholder is spl foods ltd with a 50% stake. We Can Foods Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded We Can Foods Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£22.9m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (6%)

EXPORT

We Can Foods Limited's latest turnover from June 2023 is estimated at £1.4 million and the company has net assets of £292 thousand. According to their latest financial statements, We Can Foods Limited has 13 employees and maintains cash reserves of £17.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014
Turnover	1,439,288	1,799,823	1,657,851	2,289,197	2,019,409	1,820,390	1,709,457	1,378,232	1,671,453	227,185
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,084,608	1,337,871	1,228,642	1,720,996	1,516,030	1,371,344	1,258,756	1,014,859	1,240,044	168,602
Gross Profit	354,680	461,952	429,209	568,201	503,379	449,047	450,701	363,373	431,408	58,582
Admin Expenses	217,588	372,362	229,850	413,191	355,356	465,764	524,870	444,399	544,344	58,582
Operating Profit	137,092	89,590	199,359	155,010	148,023	-16,717	-74,169	-81,026	-112,936	0
Interest Payable	0	0	0	0	0	0	3,319	3,452	0	0
Interest Receivable	688	161	14	17	138	194	85	60	47	0
Pre-Tax Profit	137,780	89,752	199,373	155,027	148,160	-16,523	-77,403	-84,418	-112,889	0
Tax	-34,445	-17,053	-37,881	-29,455	-28,150	0	0	0	0	0
Profit After Tax	103,335	72,699	161,492	125,572	120,010	-16,523	-77,403	-84,418	-112,889	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	103,335	72,699	161,492	125,572	120,010	-16,523	-77,403	-84,418	-112,889	0
Employee Costs	479,045	589,551	596,666	547,925	532,223	533,378	418,488	412,898	285,391	56,743
Number Of Employees	13	17	18	17	17	17	14	14	10	2
EBITDA*	156,136	107,149	216,081	171,234	163,318	-4,414	-64,220	-72,135	-104,662	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014
Tangible Assets	75,224	94,268	91,435	98,473	113,679	86,274	64,466	71,084	65,890	60,000
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	75,224	94,268	91,435	98,473	113,679	86,274	64,466	71,084	65,890	60,000
Stock & work in progress	222,716	180,617	199,987	165,425	173,692	221,908	160,917	155,840	185,982	16,661
Trade Debtors	161,818	273,300	221,390	392,654	281,452	129,563	218,821	122,109	179,093	59,010
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	120,411	89,923	65,918	88,232	80,320	94,815	130,068	105,352	0	0
Cash	17,190	10,342	15,478	13,001	21,971	14,816	62,623	5,317	18,673	0
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	522,135	554,182	502,773	659,312	557,435	461,102	572,429	388,618	383,748	75,671
total assets	597,359	648,450	594,208	757,785	671,114	547,376	636,895	459,702	449,638	135,671
Bank overdraft	0	0	0	0	0	0	0	106,221	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	128,937	137,217	106,573	236,822	292,239	346,312	341,481	251,293	433,527	6,671
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	176,457	222,603	242,794	437,614	421,098	363,287	441,114	170,485	0	0
total current liabilities	305,394	359,820	349,367	674,436	713,337	709,599	782,595	527,999	433,527	6,671
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	100,000	128,910	128,910	128,910	128,910	128,910	128,910	128,910	128,910
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	100,000	128,910	128,910	128,910	128,910	128,910	128,910	128,910	128,910
total liabilities	305,394	459,820	478,277	803,346	842,247	838,509	911,505	656,909	562,437	135,581
net assets	291,965	188,630	115,931	-45,561	-171,133	-291,133	-274,610	-197,207	-112,799	90
total shareholders funds	291,965	188,630	115,931	-45,561	-171,133	-291,133	-274,610	-197,207	-112,799	90

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	137,092	89,590	199,359	155,010	148,023	-16,717	-74,169	-81,026	-112,936	0	0	0	0	0
Depreciation	19,044	17,559	16,722	16,224	15,295	12,303	9,949	8,891	8,274	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-34,445	-17,053	-37,881	-29,455	-28,150	0	0	0	0	0	0	0	0	0
Stock	42,099	-19,370	34,562	-8,267	-48,216	60,991	5,077	-30,142	169,321	16,661	0	0	0	0
Debtors	-80,994	75,915	-193,578	119,114	137,394	-124,511	121,428	48,368	120,083	59,010	0	0	0	0
Creditors	-8,280	30,644	-130,249	-55,417	-54,073	4,831	90,188	-182,234	426,856	6,671	0	0	0	0
Accruals and Deferred Income	-46,146	-20,191	-194,820	16,516	57,811	-77,827	270,629	170,485	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	106,160	44,004	12,147	-7,969	49,728	-13,890	170,092	-102,110	32,790	-69,000	0	0	0	0
Investing Activities
capital expenditure	0	-20,392	-9,684	-1,018	-42,700	-34,111	-3,331	-14,085	-14,164	-60,000	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-20,392	-9,684	-1,018	-42,700	-34,111	-3,331	-14,085	-14,164	-60,000	0	0	0	0
Financing Activities
Bank loans	0	0	0	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	0	0	0
Other Short Term Loans	0	0	0	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	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-100,000	-28,910	0	0	0	0	0	0	0	128,910	0	0	0	0
share issue	0	0	0	0	-10	0	0	10	0	90	0	0	0	0
interest	688	161	14	17	138	194	-3,234	-3,392	47	0	0	0	0	0
cash flow from financing	-99,312	-28,749	14	17	128	194	-3,234	-3,382	47	129,000	0	0	0	0
cash and cash equivalents
cash	6,848	-5,136	2,477	-8,970	7,155	-47,807	57,306	-13,356	18,673	0	0	0	0	0
overdraft	0	0	0	0	0	0	-106,221	106,221	0	0	0	0	0	0
change in cash	6,848	-5,136	2,477	-8,970	7,155	-47,807	163,527	-119,577	18,673	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WE CAN FOODS LIMITED group structure

We Can Foods Limited has no subsidiary companies.

Ultimate parent company

WE CAN FOODS LIMITED

02244456

WE CAN FOODS LIMITED Shareholders

spl foods ltd	50%
seasoners fine food ltd	50%

We Can Foods Limited currently has 2 directors. The longest serving directors include Mr Robert Simon (Jun 2007) and Mr Stephen Muller (Jun 2014).

officer	country	age	start	end	role
Mr Robert Simon	United Kingdom	58 years	Jun 2007	-	Director
Mr Stephen Muller	England	64 years	Jun 2014	-	Director

P&L

June 2023

turnover

1.4m

-20%

operating profit

137.1k

gross margin

24.7%

-3.99%

turnover

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

Balance Sheet

June 2023

net assets

292k

+0.55%

total assets

597.4k

-0.08%

cash

17.2k

+0.66%

net assets

Total assets minus all liabilities

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company number

02244456

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

April 1988

ultimate parent company

None

previous names

weldpark limited (June 2014)

address

glebe mill drury lane, chadderton, oldham, OL9 7PH

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we can foods limited Company Information

we can foods limited Estimated Valuation

we can foods limited Estimated Valuation

we can foods limited Estimated Valuation

We Can Foods Limited Overview

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