red star growers limited
red star growers limited Company Information
Company Number
02481083
Next Accounts
Sep 2025
Shareholders
g.w. revill
m.j. bennett
Group Structure
View All
Industry
Growing of vegetables and melons, roots and tubers
+3Registered Address
birlingham, pershore, worcs., WR10 3AG
Website
www.redstargrowers.co.ukred star growers limited Estimated Valuation
Pomanda estimates the enterprise value of RED STAR GROWERS LIMITED at £11.5m based on a Turnover of £24.1m and 0.48x industry multiple (adjusted for size and gross margin).
red star growers limited Estimated Valuation
Pomanda estimates the enterprise value of RED STAR GROWERS LIMITED at £8.9m based on an EBITDA of £2.5m and a 3.64x industry multiple (adjusted for size and gross margin).
red star growers limited Estimated Valuation
Pomanda estimates the enterprise value of RED STAR GROWERS LIMITED at £11.8m based on Net Assets of £8.6m and 1.37x industry multiple (adjusted for liquidity).
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Red Star Growers Limited Overview
Red Star Growers Limited is a live company located in worcs., WR10 3AG with a Companies House number of 02481083. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in March 1990, it's largest shareholder is g.w. revill with a 70% stake. Red Star Growers Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.1m with healthy growth in recent years.
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Red Star Growers Limited Health Check
Pomanda's financial health check has awarded Red Star Growers Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £24.1m, make it larger than the average company (£10.7m)
£24.1m - Red Star Growers Limited
£10.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.3%)
12% - Red Star Growers Limited
7.3% - Industry AVG
Production
with a gross margin of 11.5%, this company has a higher cost of product (19%)
11.5% - Red Star Growers Limited
19% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (4.4%)
9% - Red Star Growers Limited
4.4% - Industry AVG
Employees
with 191 employees, this is above the industry average (36)
191 - Red Star Growers Limited
36 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has a lower pay structure (£41.5k)
£30.8k - Red Star Growers Limited
£41.5k - Industry AVG
Efficiency
resulting in sales per employee of £126.2k, this is less efficient (£340.7k)
£126.2k - Red Star Growers Limited
£340.7k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is near the average (36 days)
30 days - Red Star Growers Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (35 days)
21 days - Red Star Growers Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (44 days)
1 days - Red Star Growers Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 152 weeks, this is more cash available to meet short term requirements (8 weeks)
152 weeks - Red Star Growers Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.6%, this is a lower level of debt than the average (57.8%)
21.6% - Red Star Growers Limited
57.8% - Industry AVG
RED STAR GROWERS LIMITED financials
Red Star Growers Limited's latest turnover from December 2023 is £24.1 million and the company has net assets of £8.6 million. According to their latest financial statements, Red Star Growers Limited has 191 employees and maintains cash reserves of £6.6 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 | 24,095,317 | 22,266,238 | 18,556,982 | 17,213,233 | 14,300,577 | 11,994,869 | 11,273,808 | 9,229,082 | 8,031,335 | 8,158,766 | 7,742,002 | 7,607,336 | 8,825,968 | 7,743,333 | |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 21,334,458 | 19,946,840 | 16,587,006 | 15,441,877 | 12,807,936 | 10,694,839 | 10,103,425 | 8,295,591 | 7,185,433 | 7,178,624 | 6,681,710 | 6,939,605 | 7,770,855 | 6,775,092 | |
| Gross Profit | 2,760,859 | 2,319,398 | 1,969,976 | 1,771,356 | 1,492,641 | 1,300,030 | 1,170,383 | 933,491 | 845,902 | 980,142 | 1,060,292 | 667,731 | 1,055,113 | 968,241 | |
| Admin Expenses | 598,129 | 756,025 | 772,401 | 737,847 | 618,679 | 596,890 | 512,016 | 562,103 | 539,413 | 577,438 | 499,703 | 474,972 | 469,766 | 475,038 | |
| Operating Profit | 2,162,730 | 1,563,373 | 1,197,575 | 1,033,509 | 873,962 | 703,140 | 658,367 | 371,388 | 306,489 | 402,704 | 560,589 | 192,759 | 585,347 | 493,203 | |
| Interest Payable | 16 | 167 | 400 | 760 | 930 | 986 | 1,281 | 1,544 | 10,555 | 7,839 | 8,601 | 9,482 | 11,347 | ||
| Interest Receivable | 23,265 | ||||||||||||||
| Pre-Tax Profit | 2,185,995 | 1,563,357 | 1,197,408 | 1,033,109 | 873,202 | 702,210 | 657,381 | 370,107 | 304,945 | 392,149 | 552,750 | 184,158 | 575,865 | 400,657 | |
| Tax | -515,680 | -287,164 | -277,654 | -216,440 | -176,924 | -132,518 | -126,837 | -69,996 | -75,105 | -95,901 | -116,945 | -39,278 | -147,369 | -139,741 | |
| Profit After Tax | 1,670,315 | 1,276,193 | 919,754 | 816,669 | 696,278 | 569,692 | 530,544 | 300,111 | 229,840 | 296,248 | 435,805 | 144,880 | 428,496 | 260,916 | |
| Dividends Paid | 78,000 | 63,750 | 45,900 | 45,900 | 33,500 | 45,000 | 42,000 | 34,500 | 20,000 | 30,000 | 57,000 | 45,000 | 30,000 | 23,000 | |
| Retained Profit | 1,592,315 | 1,212,443 | 873,854 | 770,769 | 662,778 | 524,692 | 488,544 | 265,611 | 209,840 | 266,248 | 378,805 | 99,880 | 398,496 | 237,916 | |
| Employee Costs | 5,877,444 | 5,309,994 | 4,849,186 | 4,431,083 | 3,975,248 | 3,597,795 | 3,388,101 | 2,816,785 | 2,329,340 | 2,072,784 | 1,475,775 | 2,256,973 | 2,642,847 | 2,513,979 | |
| Number Of Employees | 191 | 178 | 174 | 163 | 148 | 146 | 142 | 134 | 111 | 110 | 75 | 75 | 84 | 79 | |
| EBITDA* | 2,457,372 | 1,880,973 | 1,536,701 | 1,033,509 | 1,141,628 | 949,061 | 867,088 | 569,059 | 494,413 | 565,134 | 703,818 | 338,237 | 705,309 | 809,360 |
* 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 | 1,566,504 | 1,622,024 | 1,851,418 | 1,618,730 | 1,079,482 | 944,994 | 913,051 | 953,987 | 980,440 | 1,022,204 | 1,062,350 | 1,011,633 | 1,042,569 | 817,172 | 968,285 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 717,622 | 552,963 | 545,265 | 589,301 | 613,529 | 605,487 | 574,890 | 506,512 | 248,208 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 |
| Debtors (Due After 1 year) | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | 18,000 | |||||
| Total Fixed Assets | 2,284,126 | 2,174,987 | 2,414,683 | 2,226,031 | 1,711,011 | 1,568,481 | 1,505,941 | 1,478,499 | 1,246,648 | 1,042,204 | 1,082,350 | 1,031,633 | 1,044,569 | 819,172 | 970,285 |
| Stock & work in progress | 105,255 | 91,556 | 69,436 | 58,583 | 62,803 | 69,716 | 73,682 | 55,004 | 56,235 | 53,813 | 57,030 | 57,667 | 52,849 | 45,390 | 57,555 |
| Trade Debtors | 1,992,945 | 1,780,206 | 1,752,654 | 1,357,177 | 998,556 | 677,497 | 598,372 | 546,949 | 436,590 | 400,583 | 430,379 | 408,825 | 580,480 | 715,791 | 741,481 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 69,744 | 213,527 | 132,160 | 68,930 | 185,717 | 129,642 | 121,031 | 69,626 | 43,872 | 12,940 | 43,498 | 14,122 | |||
| Cash | 6,567,098 | 5,065,676 | 3,335,278 | 2,925,527 | 2,692,439 | 2,003,379 | 1,656,536 | 1,163,914 | 1,306,517 | 1,447,471 | 1,342,043 | 812,713 | 894,915 | 468,942 | 333,837 |
| misc current assets | |||||||||||||||
| total current assets | 8,735,042 | 7,150,965 | 5,289,528 | 4,410,217 | 3,939,515 | 2,880,234 | 2,449,621 | 1,835,493 | 1,843,214 | 1,914,807 | 1,872,950 | 1,293,327 | 1,528,244 | 1,230,123 | 1,132,873 |
| total assets | 11,019,168 | 9,325,952 | 7,704,211 | 6,636,248 | 5,650,526 | 4,448,715 | 3,955,562 | 3,313,992 | 3,089,862 | 2,957,011 | 2,955,300 | 2,324,960 | 2,572,813 | 2,049,295 | 2,103,158 |
| Bank overdraft | 10,694 | 10,483 | 20,838 | 20,098 | 19,390 | 95,620 | |||||||||
| Bank loan | 3,980 | 11,811 | 11,589 | 11,304 | 11,053 | 10,904 | 18,711 | ||||||||
| Trade Creditors | 1,233,863 | 1,320,954 | 946,159 | 877,188 | 858,432 | 474,467 | 440,125 | 324,334 | 348,272 | 370,473 | 460,240 | 258,480 | 428,084 | 364,901 | 780,739 |
| Group/Directors Accounts | 306 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 7,793 | 7,682 | 7,783 | 1,952 | |||||||||||
| other current liabilities | 1,000,916 | 818,116 | 717,869 | 593,249 | 385,872 | 215,648 | 248,959 | 184,704 | 169,397 | 189,436 | 220,031 | 132,223 | 279,890 | 259,835 | |
| total current liabilities | 2,234,779 | 2,139,070 | 1,668,008 | 1,482,248 | 1,255,893 | 701,419 | 700,137 | 519,942 | 528,363 | 578,185 | 708,791 | 418,584 | 727,364 | 645,705 | 876,359 |
| loans | 3,981 | 15,801 | 27,385 | 38,734 | 49,846 | 60,762 | 71,450 | 178,707 | 199,551 | 494,200 | 470,870 | 183,019 | |||
| hp & lease commitments | 7,693 | 15,375 | |||||||||||||
| Accruals and Deferred Income | 4,810 | 11,922 | 24,291 | 36,660 | 58,219 | 83,594 | 108,970 | 134,346 | 156,551 | 185,732 | 214,914 | 244,093 | |||
| other liabilities | 349,977 | ||||||||||||||
| provisions | 141,726 | 129,422 | 178,817 | 154,118 | 132,141 | 110,623 | 106,719 | 97,397 | 97,336 | 84,634 | 74,433 | 55,400 | 59,171 | 39,139 | 38,138 |
| total long term liabilities | 146,536 | 141,344 | 203,108 | 194,759 | 206,161 | 221,602 | 254,423 | 281,589 | 314,649 | 341,816 | 475,747 | 514,419 | 553,371 | 510,009 | 571,134 |
| total liabilities | 2,381,315 | 2,280,414 | 1,871,116 | 1,677,007 | 1,462,054 | 923,021 | 954,560 | 801,531 | 843,012 | 920,001 | 1,184,538 | 933,003 | 1,280,735 | 1,155,714 | 1,447,493 |
| net assets | 8,637,853 | 7,045,538 | 5,833,095 | 4,959,241 | 4,188,472 | 3,525,694 | 3,001,002 | 2,512,461 | 2,246,850 | 2,037,010 | 1,770,762 | 1,391,957 | 1,292,078 | 893,581 | 655,665 |
| total shareholders funds | 8,637,853 | 7,045,538 | 5,833,095 | 4,959,241 | 4,188,472 | 3,525,694 | 3,001,002 | 2,512,461 | 2,246,850 | 2,037,010 | 1,770,762 | 1,391,957 | 1,292,078 | 893,581 | 655,665 |
| 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 | 2,162,730 | 1,563,373 | 1,197,575 | 1,033,509 | 873,962 | 703,140 | 658,367 | 371,388 | 306,489 | 402,704 | 560,589 | 192,759 | 585,347 | 493,203 | |
| Depreciation | 294,642 | 317,600 | 339,126 | 267,666 | 245,921 | 208,721 | 197,671 | 187,924 | 162,430 | 143,229 | 145,478 | 119,962 | 316,157 | 172,835 | |
| Amortisation | |||||||||||||||
| Tax | -515,680 | -287,164 | -277,654 | -216,440 | -176,924 | -132,518 | -126,837 | -69,996 | -75,105 | -95,901 | -116,945 | -39,278 | -147,369 | -139,741 | |
| Stock | 13,699 | 22,120 | 10,853 | -4,220 | -6,913 | -3,966 | 18,678 | -1,231 | 2,422 | -3,217 | -637 | 4,818 | 7,459 | -12,165 | 57,555 |
| Debtors | 68,956 | 90,919 | 458,707 | 241,834 | 377,134 | 87,736 | 102,828 | 136,113 | 66,939 | -60,354 | 50,930 | -139,533 | -135,311 | -25,690 | 741,481 |
| Creditors | -87,091 | 374,795 | 68,971 | 18,756 | 383,965 | 34,342 | 115,791 | -23,938 | -22,201 | -89,767 | 201,760 | -169,604 | 63,183 | -415,838 | 780,739 |
| Accruals and Deferred Income | 175,688 | 87,878 | 112,251 | 185,818 | 144,849 | -58,687 | 38,879 | -6,898 | -49,220 | -59,777 | 58,629 | 96,426 | 20,055 | 259,835 | |
| Deferred Taxes & Provisions | 12,304 | -49,395 | 24,699 | 21,977 | 21,518 | 3,904 | 9,322 | 61 | 12,702 | 10,201 | 19,033 | -3,771 | 20,032 | 1,001 | 38,138 |
| Cash flow from operations | 1,959,938 | 1,894,048 | 995,408 | 1,144,815 | 712,332 | 782,737 | 333,406 | 291,228 | 393,461 | 816,002 | 356,725 | 789,062 | 552,472 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | -270,197 | -167,785 | -405,513 | -383,160 | -119,653 | -195,852 | -80,384 | -342,209 | -165,044 | ||||||
| Change in Investments | 164,659 | 7,698 | -44,036 | -24,228 | 8,042 | 30,597 | 68,378 | 258,304 | 246,208 | 2,000 | |||||
| cash flow from investments | -164,659 | -7,698 | 44,036 | 24,228 | -8,042 | -300,794 | -236,163 | -663,817 | -629,368 | -119,653 | -195,852 | -80,384 | -342,209 | -165,044 | |
| Financing Activities | |||||||||||||||
| Bank loans | -3,980 | -7,831 | 222 | 285 | 251 | 149 | 10,904 | -18,711 | 18,711 | ||||||
| Group/Directors Accounts | -306 | 306 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -3,981 | -11,820 | -11,584 | -11,349 | -11,112 | -10,916 | -10,688 | -107,257 | -20,844 | -294,649 | 23,330 | 287,851 | 183,019 | ||
| Hire Purchase and Lease Commitments | -7,793 | -7,582 | -7,783 | 23,158 | -1,952 | 1,952 | |||||||||
| other long term liabilities | -349,977 | 349,977 | |||||||||||||
| share issue | |||||||||||||||
| interest | 23,265 | -16 | -167 | -400 | -760 | -930 | -986 | -1,281 | -1,544 | -10,555 | -7,839 | -8,601 | -9,482 | -11,347 | |
| cash flow from financing | 23,265 | -3,996 | -11,979 | -11,998 | -12,059 | -12,028 | -11,952 | -1,293 | -20,025 | -125,394 | -36,466 | -280,093 | -7,120 | -52,504 | |
| cash and cash equivalents | |||||||||||||||
| cash | 1,501,422 | 1,730,398 | 409,751 | 233,088 | 689,060 | 346,843 | 492,622 | -142,603 | -140,954 | 105,428 | 529,330 | -82,202 | 425,973 | 135,105 | 333,837 |
| overdraft | -10,694 | 211 | -10,355 | 740 | 708 | 19,390 | -95,620 | 95,620 | |||||||
| change in cash | 1,501,422 | 1,730,398 | 409,751 | 233,088 | 689,060 | 346,843 | 492,622 | -131,909 | -141,165 | 115,783 | 528,590 | -82,910 | 406,583 | 230,725 | 238,217 |
red star growers limited Credit Report and Business Information
Red Star Growers Limited Competitor Analysis
Perform a competitor analysis for red star growers limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in WR10 area or any other competitors across 12 key performance metrics.
red star growers limited Ownership
RED STAR GROWERS LIMITED group structure
Red Star Growers Limited has no subsidiary companies.
Ultimate parent company
RED STAR GROWERS LIMITED
02481083
red star growers limited directors
Red Star Growers Limited currently has 7 directors. The longest serving directors include Mr George Revill (Mar 1991) and Mr Graham Revill (Mar 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Revill | 87 years | Mar 1991 | - | Director | |
| Mr Graham Revill | 86 years | Mar 1991 | - | Director | |
| Ms Mary Bennett | 78 years | Sep 1996 | - | Director | |
| Mr Christopher Simms | 76 years | Mar 2000 | - | Director | |
| Ms Teresa Wilson | 65 years | Feb 2002 | - | Director | |
| Mr Wilson Revill | 41 years | Jun 2007 | - | Director | |
| Mr Michael Porter | United Kingdom | 61 years | Feb 2016 | - | Director |
P&L
December 2023turnover
24.1m
+8%
operating profit
2.2m
+38%
gross margin
11.5%
+10%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.6m
+0.23%
total assets
11m
+0.18%
cash
6.6m
+0.3%
net assets
Total assets minus all liabilities
red star growers limited company details
company number
02481083
Type
Private limited with Share Capital
industry
01130 - Growing of vegetables and melons, roots and tubers
01610 - Support activities for crop production
01630 - Post-harvest crop activities
incorporation date
March 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CROWE U.K. LLP
address
birlingham, pershore, worcs., WR10 3AG
Bank
LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC
Legal Advisor
-
red star growers 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 2 charges/mortgages relating to red star growers limited. Currently there are 1 open charges and 1 have been satisfied in the past.
red star growers 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.
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red star growers limited Companies House Filings - See Documents
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