george bolam (foods) ltd
george bolam (foods) ltd Company Information
Company Number
02285114
Next Accounts
Nov 2025
Industry
Wholesale of meat and meat products
Retail sale of meat and meat products in specialised stores
Directors
Shareholders
mr george bolam
executors of the estate of mrs beatrice bolam
Group Structure
View All
Contact
Registered Address
sedgefield industrial estate, salters lane, sedgefield co durham, TS21 3EE
Website
www.gbolamfoods.co.ukgeorge bolam (foods) ltd Estimated Valuation
Pomanda estimates the enterprise value of GEORGE BOLAM (FOODS) LTD at £5.6m based on a Turnover of £12.2m and 0.46x industry multiple (adjusted for size and gross margin).
george bolam (foods) ltd Estimated Valuation
Pomanda estimates the enterprise value of GEORGE BOLAM (FOODS) LTD at £2.4m based on an EBITDA of £576.1k and a 4.18x industry multiple (adjusted for size and gross margin).
george bolam (foods) ltd Estimated Valuation
Pomanda estimates the enterprise value of GEORGE BOLAM (FOODS) LTD at £11m based on Net Assets of £3.8m and 2.93x industry multiple (adjusted for liquidity).
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George Bolam (foods) Ltd Overview
George Bolam (foods) Ltd is a live company located in sedgefield co durham, TS21 3EE with a Companies House number of 02285114. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in August 1988, it's largest shareholder is mr george bolam with a 50% stake. George Bolam (foods) Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £12.2m with healthy growth in recent years.
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George Bolam (foods) Ltd Health Check
Pomanda's financial health check has awarded George Bolam (Foods) Ltd a 4.5 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 £12.2m, make it in line with the average company (£13.2m)
£12.2m - George Bolam (foods) Ltd
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.4%)
6% - George Bolam (foods) Ltd
8.4% - Industry AVG
Production
with a gross margin of 17.6%, this company has a comparable cost of product (17.2%)
17.6% - George Bolam (foods) Ltd
17.2% - Industry AVG
Profitability
an operating margin of 3.5% make it as profitable than the average company (3.1%)
3.5% - George Bolam (foods) Ltd
3.1% - Industry AVG
Employees
with 89 employees, this is above the industry average (21)
89 - George Bolam (foods) Ltd
21 - Industry AVG
Pay Structure
on an average salary of £21.1k, the company has a lower pay structure (£29.5k)
£21.1k - George Bolam (foods) Ltd
£29.5k - Industry AVG
Efficiency
resulting in sales per employee of £136.6k, this is less efficient (£328.8k)
£136.6k - George Bolam (foods) Ltd
£328.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (25 days)
2 days - George Bolam (foods) Ltd
25 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is close to average (25 days)
26 days - George Bolam (foods) Ltd
25 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (12 days)
6 days - George Bolam (foods) Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (20 weeks)
12 weeks - George Bolam (foods) Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.2%, this is a lower level of debt than the average (63.4%)
24.2% - George Bolam (foods) Ltd
63.4% - Industry AVG
GEORGE BOLAM (FOODS) LTD financials
George Bolam (Foods) Ltd's latest turnover from February 2024 is £12.2 million and the company has net assets of £3.8 million. According to their latest financial statements, George Bolam (Foods) Ltd has 89 employees and maintains cash reserves of £239 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,161,300 | 10,815,345 | 10,198,635 | 10,268,541 | 11,339,689 | 11,792,346 | 12,490,028 | 12,541,420 | 13,203,630 | 13,578,634 | 13,160,122 | 11,552,079 | 10,428,799 | 8,811,836 | 8,088,760 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,023,998 | 9,324,636 | 8,389,377 | 8,306,699 | 9,218,824 | 10,140,555 | 10,709,631 | 10,641,683 | 10,641,505 | 11,275,962 | 11,124,913 | 9,746,315 | 8,858,221 | 7,445,571 | 6,728,141 |
| Gross Profit | 2,137,302 | 1,490,709 | 1,809,258 | 1,961,842 | 2,120,865 | 1,651,791 | 1,780,397 | 1,899,737 | 2,562,125 | 2,302,672 | 2,035,209 | 1,805,764 | 1,570,578 | 1,366,265 | 1,360,619 |
| Admin Expenses | 1,717,364 | 1,479,371 | 1,580,177 | 1,028,363 | 1,200,097 | 1,648,471 | 1,773,930 | 1,853,701 | 2,542,861 | 2,280,194 | 2,025,969 | 1,796,094 | 1,521,766 | 1,356,724 | 1,341,659 |
| Operating Profit | 419,938 | 11,338 | 229,081 | 933,479 | 920,768 | 3,320 | 6,467 | 46,036 | 19,264 | 22,478 | 9,240 | 9,670 | 48,812 | 9,541 | 18,960 |
| Interest Payable | 21 | 0 | 845 | 537 | 399 | 0 | 115 | 467 | 601 | 1,394 | 2,709 | 1,954 | 4,309 | 3,350 | 10,494 |
| Interest Receivable | 2,852 | 1,240 | 166 | 680 | 630 | 171 | 190 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96 |
| Pre-Tax Profit | 422,769 | 12,578 | 228,402 | 933,622 | 920,999 | 3,491 | 6,542 | 45,569 | 18,663 | 21,084 | 6,531 | 7,716 | 44,503 | 6,191 | 8,562 |
| Tax | -171,587 | -65,997 | -150,512 | -185,117 | -178,447 | -144,492 | -5,246 | -11,744 | -7,933 | -8,216 | -3,729 | -6,311 | -12,580 | -5,500 | -1,276 |
| Profit After Tax | 251,182 | -53,419 | 77,890 | 748,505 | 742,552 | -141,001 | 1,296 | 33,825 | 10,730 | 12,868 | 2,802 | 1,405 | 31,923 | 691 | 7,286 |
| Dividends Paid | 29,400 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 18,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 74,000 |
| Retained Profit | 221,782 | -77,419 | 53,890 | 724,505 | 718,552 | -165,001 | -22,704 | 9,825 | -7,270 | -11,132 | -21,198 | -22,595 | 7,923 | -23,309 | -66,714 |
| Employee Costs | 1,881,073 | 1,780,566 | 1,713,981 | 1,695,664 | 1,826,567 | 1,879,894 | 1,790,482 | 1,790,482 | 1,735,564 | 1,481,934 | 1,417,638 | 1,305,742 | 1,203,716 | 1,083,276 | 1,042,699 |
| Number Of Employees | 89 | 79 | 69 | 68 | 76 | 87 | 85 | 84 | 85 | 85 | 84 | 82 | 78 | 69 | 68 |
| EBITDA* | 576,072 | 163,934 | 342,089 | 1,051,400 | 1,020,163 | 106,467 | 103,267 | 136,829 | 96,917 | 86,638 | 63,364 | 59,806 | 135,890 | 192,056 | 154,939 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,576,817 | 3,297,586 | 2,981,414 | 3,032,651 | 3,082,046 | 2,534,724 | 2,487,418 | 2,499,049 | 2,407,444 | 2,259,183 | 2,203,463 | 2,104,829 | 2,123,103 | 2,113,089 | 2,161,195 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,576,817 | 3,297,586 | 2,981,414 | 3,032,651 | 3,082,046 | 2,534,724 | 2,487,418 | 2,499,049 | 2,407,444 | 2,259,183 | 2,203,463 | 2,104,829 | 2,123,103 | 2,113,089 | 2,161,195 |
| Stock & work in progress | 188,663 | 164,435 | 200,692 | 170,053 | 175,833 | 203,301 | 224,717 | 217,793 | 208,823 | 195,791 | 181,832 | 192,038 | 170,462 | 178,395 | 155,931 |
| Trade Debtors | 91,761 | 118,764 | 138,579 | 38,637 | 212,345 | 235,967 | 266,719 | 214,223 | 225,078 | 219,243 | 238,263 | 220,972 | 236,779 | 178,869 | 158,668 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 860,212 | 569,863 | 603,523 | 531,243 | 179,215 | 85,186 | 75,535 | 54,812 | 89,804 | 131,819 | 55,927 | 38,680 | 33,878 | 21,640 | 123,539 |
| Cash | 238,974 | 429,799 | 466,982 | 624,468 | 329,544 | 291,094 | 453,907 | 152,619 | 222,597 | 75,500 | 211,632 | 525,045 | 26,500 | 190,142 | 1,004 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,379,610 | 1,282,861 | 1,409,776 | 1,364,401 | 896,937 | 815,548 | 1,020,878 | 639,447 | 746,302 | 622,353 | 687,654 | 976,735 | 467,619 | 569,046 | 439,142 |
| total assets | 4,956,427 | 4,580,447 | 4,391,190 | 4,397,052 | 3,978,983 | 3,350,272 | 3,508,296 | 3,138,496 | 3,153,746 | 2,881,536 | 2,891,117 | 3,081,564 | 2,590,722 | 2,682,135 | 2,600,337 |
| Bank overdraft | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,658 | 0 | 0 | 51,062 | 0 | 116,941 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,000 | 0 |
| Trade Creditors | 720,348 | 792,500 | 515,886 | 487,103 | 611,284 | 593,633 | 598,449 | 675,601 | 755,952 | 947,510 | 973,487 | 947,214 | 729,229 | 686,139 | 705,697 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 189,108 | 390,860 | 48,244 | 81,342 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 286,378 | 92,215 | 171,579 | 289,186 | 479,929 | 1,222,085 | 1,236,173 | 768,848 | 715,784 | 91,385 | 32,665 | 27,872 | 28,080 | 34,481 | 34,171 |
| total current liabilities | 1,006,726 | 884,718 | 687,465 | 776,289 | 1,091,213 | 1,815,718 | 1,834,622 | 1,444,449 | 1,471,736 | 1,194,553 | 1,195,260 | 1,365,946 | 856,615 | 856,962 | 856,809 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 192,272 | 160,082 | 90,259 | 61,187 | 52,699 | 58,035 | 32,154 | 29,823 | 27,611 | 25,314 | 23,056 | 21,619 | 17,513 | 6,502 | 11,548 |
| total long term liabilities | 192,272 | 160,082 | 90,259 | 61,187 | 52,699 | 58,035 | 32,154 | 29,823 | 27,611 | 25,314 | 23,056 | 21,619 | 17,513 | 116,502 | 11,548 |
| total liabilities | 1,198,998 | 1,044,800 | 777,724 | 837,476 | 1,143,912 | 1,873,753 | 1,866,776 | 1,474,272 | 1,499,347 | 1,219,867 | 1,218,316 | 1,387,565 | 874,128 | 973,464 | 868,357 |
| net assets | 3,757,429 | 3,535,647 | 3,613,466 | 3,559,576 | 2,835,071 | 1,476,519 | 1,641,520 | 1,664,224 | 1,654,399 | 1,661,669 | 1,672,801 | 1,693,999 | 1,716,594 | 1,708,671 | 1,731,980 |
| total shareholders funds | 3,757,429 | 3,535,647 | 3,613,466 | 3,559,576 | 2,835,071 | 1,476,519 | 1,641,520 | 1,664,224 | 1,654,399 | 1,661,669 | 1,672,801 | 1,693,999 | 1,716,594 | 1,708,671 | 1,731,980 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 419,938 | 11,338 | 229,081 | 933,479 | 920,768 | 3,320 | 6,467 | 46,036 | 19,264 | 22,478 | 9,240 | 9,670 | 48,812 | 9,541 | 18,960 |
| Depreciation | 156,134 | 152,596 | 113,008 | 117,921 | 99,395 | 103,147 | 96,800 | 90,793 | 77,653 | 64,160 | 54,124 | 50,136 | 87,078 | 182,515 | 135,979 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -171,587 | -65,997 | -150,512 | -185,117 | -178,447 | -144,492 | -5,246 | -11,744 | -7,933 | -8,216 | -3,729 | -6,311 | -12,580 | -5,500 | -1,276 |
| Stock | 24,228 | -36,257 | 30,639 | -5,780 | -27,468 | -21,416 | 6,924 | 8,970 | 13,032 | 13,959 | -10,206 | 21,576 | -7,933 | 22,464 | 155,931 |
| Debtors | 263,346 | -53,475 | 172,222 | 178,320 | 70,407 | -21,101 | 73,219 | -45,847 | -36,180 | 56,872 | 34,538 | -11,005 | 70,148 | -81,698 | 282,207 |
| Creditors | -72,152 | 276,614 | 28,783 | -124,181 | 17,651 | -4,816 | -77,152 | -80,351 | -191,558 | -25,977 | 26,273 | 217,985 | 43,090 | -19,558 | 705,697 |
| Accruals and Deferred Income | 194,163 | -79,364 | -117,607 | -190,743 | -742,156 | -14,088 | 467,325 | 53,064 | 624,399 | 58,720 | 4,793 | -208 | -6,401 | 310 | 34,171 |
| Deferred Taxes & Provisions | 32,190 | 69,823 | 29,072 | 8,488 | -5,336 | 25,881 | 2,331 | 2,212 | 2,297 | 2,258 | 1,437 | 4,106 | 11,011 | -5,046 | 11,548 |
| Cash flow from operations | 271,112 | 454,742 | -71,036 | 387,307 | 68,936 | 11,469 | 410,382 | 136,887 | 547,270 | 42,592 | 67,806 | 264,807 | 108,795 | 221,496 | 466,941 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -150,453 | -85,169 | -182,398 | -225,914 | -119,880 | -152,758 | -31,862 | -94,483 | -122,205 | -45,534 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -150,453 | -85,169 | -182,398 | -225,914 | -119,880 | -152,758 | -31,862 | -94,483 | -122,205 | -45,534 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55,000 | 55,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -189,108 | -201,752 | 342,616 | -33,098 | 81,342 | 0 |
| Other Short Term Loans | 0 | 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 | -110,000 | 110,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 2,831 | 1,240 | -679 | 143 | 231 | 171 | 75 | -467 | -601 | -1,394 | -2,709 | -1,954 | -4,309 | -3,350 | -10,398 |
| cash flow from financing | 2,831 | 840 | -679 | 143 | 640,231 | 171 | 75 | -467 | -601 | -190,502 | -204,461 | 340,662 | -202,407 | 242,992 | 1,788,296 |
| cash and cash equivalents | |||||||||||||||
| cash | -190,825 | -37,183 | -157,486 | 294,924 | 38,450 | -162,813 | 301,288 | -69,978 | 147,097 | -136,132 | -313,413 | 498,545 | -163,642 | 189,138 | 1,004 |
| overdraft | -3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | -155,658 | 155,658 | 0 | -51,062 | 51,062 | -116,941 | 116,941 |
| change in cash | -190,822 | -37,186 | -157,486 | 294,924 | 38,450 | -162,813 | 301,288 | -69,978 | 302,755 | -291,790 | -313,413 | 549,607 | -214,704 | 306,079 | -115,937 |
george bolam (foods) ltd Credit Report and Business Information
George Bolam (foods) Ltd Competitor Analysis
Perform a competitor analysis for george bolam (foods) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in TS21 area or any other competitors across 12 key performance metrics.
george bolam (foods) ltd Ownership
GEORGE BOLAM (FOODS) LTD group structure
George Bolam (Foods) Ltd has no subsidiary companies.
Ultimate parent company
GEORGE BOLAM (FOODS) LTD
02285114
george bolam (foods) ltd directors
George Bolam (Foods) Ltd currently has 1 director, Mr George Bolam serving since Dec 1990.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Bolam | United Kingdom | 80 years | Dec 1990 | - | Director |
P&L
February 2024turnover
12.2m
+12%
operating profit
419.9k
+3604%
gross margin
17.6%
+27.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
3.8m
+0.06%
total assets
5m
+0.08%
cash
239k
-0.44%
net assets
Total assets minus all liabilities
george bolam (foods) ltd company details
company number
02285114
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
August 1988
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2024
previous names
george bolam limited (December 1988)
accountant
-
auditor
MULLEN STOKER LIMITED
address
sedgefield industrial estate, salters lane, sedgefield co durham, TS21 3EE
Bank
HSBC BANK PLC
Legal Advisor
-
george bolam (foods) ltd 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 5 charges/mortgages relating to george bolam (foods) ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
george bolam (foods) ltd Capital Raised & Share Issues BETA
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george bolam (foods) ltd Companies House Filings - See Documents
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