Finch Foods Limited

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finch foods limited Company Information

Dissolved

Company Number

02491969

Website

www.ospreyfoods.com

Registered Address

15 upper king street, norwich, norfolk, NR3 1RB

Industry

Non-specialised wholesale of food, beverages and tobacco

Telephone

01263710155

Next Accounts Due

August 2024

Group Structure

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Directors

Ian Plater32 Years

Shareholders

ian barrand plater 100%

janet mary plater 0.1%

finch foods limited Estimated Valuation

£5.5m

Pomanda estimates the enterprise value of FINCH FOODS LIMITED at £5.5m based on a Turnover of £22.6m and 0.25x industry multiple (adjusted for size and gross margin).

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Finch Foods Limited is a dissolved company that was located in norfolk, NR3 1RB with a Companies House number of 02491969. It operated in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in April 1990, it's largest shareholder was ian barrand plater with a 100% stake. The last turnover for Finch Foods Limited was estimated at £22.6m.

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Pomanda's financial health check has awarded Finch Foods Limited a 2.5 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 Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £22.6m, make it smaller than the average company (£29.6m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5%)

EXPORT

Finch Foods Limited's latest turnover from March 2019 is £22.6 million and the company has net assets of £1.2 million. According to their latest financial statements, Finch Foods Limited has 32 employees and maintains cash reserves of £8.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	22,597,952	21,779,438	20,683,629	19,401,799	18,208,373	15,603,375	14,698,887	13,142,616	15,832,524	11,937,243
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	20,822,445	20,062,298	19,039,608	17,764,744	17,056,803	14,635,890	13,809,367	12,369,483	14,702,649	10,980,382
Gross Profit	1,775,507	1,717,140	1,644,021	1,637,055	1,151,570	967,485	889,520	773,133	1,129,875	956,861
Admin Expenses	1,397,364	1,308,331	1,175,523	1,150,871	856,353	774,362	717,199	703,581	898,005	795,516
Operating Profit	378,143	408,809	468,498	486,184	295,217	193,123	172,321	69,552	231,870	161,345
Interest Payable	52,855	43,172	44,719	41,802	43,113	64,928	36,082	52,055	51,471	56,480
Interest Receivable	0	0	35	0	0	17	7	3	83	2
Pre-Tax Profit	325,935	365,637	423,814	445,858	252,104	129,015	137,393	15,427	155,980	88,814
Tax	-63,700	-81,022	-86,017	-95,313	-56,899	-31,644	-33,083	-11,001	-35,886	-20,471
Profit After Tax	262,235	284,615	337,797	350,545	195,205	97,371	104,310	4,426	120,094	68,343
Dividends Paid	229,215	276,314	317,507	255,982	89,506	96,050	61,000	72,250	24,750	0
Retained Profit	33,020	8,301	20,290	94,563	105,699	1,321	43,310	-67,824	95,344	68,343
Employee Costs	861,182	855,775	730,177	688,548	601,592	531,346	495,610	471,488	614,139	522,016
Number Of Employees	32	32	29	29	25	19	17	17	18	15
EBITDA*	465,658	496,324	552,904	558,771	356,404	246,892	231,895	139,555	355,771	281,647

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,780,396	1,775,684	1,395,222	1,445,910	1,327,956	1,300,840	1,339,167	1,407,855	1,506,833	1,550,570
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,600	1,600	1,600	1,600	1,600	1,600	1,600	100	100	100
Debtors (Due After 1 year)	3,452	2,129	0	0	0	2,827	16,296	31,746	29,705	25,831
Total Fixed Assets	1,785,448	1,779,413	1,396,822	1,447,510	1,329,556	1,305,267	1,357,063	1,439,701	1,536,638	1,576,501
Stock & work in progress	2,577,576	2,188,112	2,020,591	1,553,197	1,473,976	1,229,480	903,199	1,129,110	889,195	800,974
Trade Debtors	799,104	1,410,313	1,051,420	959,866	1,329,857	1,045,847	747,485	579,402	543,009	269,700
Group Debtors	86,041	87,913	124,409	124,971	152,370	128,128	16,382	27,295	0	0
Misc Debtors	172,728	156,266	125,675	154,047	256,990	93,784	151,043	179,817	162,847	167,972
Cash	8,229	2,607	2,700	45,857	122,984	101,039	171,621	90,932	34,839	12,102
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	3,643,678	3,845,211	3,324,795	2,837,938	3,336,177	2,598,278	1,989,730	2,006,556	1,629,890	1,250,748
total assets	5,429,126	5,624,624	4,721,617	4,285,448	4,665,733	3,903,545	3,346,793	3,446,257	3,166,528	2,827,249
Bank overdraft	1,184,804	1,301,919	1,110,192	1,114,065	1,321,632	1,203,766	625,461	734,672	651,576	144,289
Bank loan	65,856	63,891	31,808	44,387	223,930	72,734	135,064	131,550	128,110	114,828
Trade Creditors	2,364,056	2,344,561	2,047,908	1,488,622	1,896,756	1,372,387	1,304,316	1,191,095	762,053	937,281
Group/Directors Accounts	8,078	76,069	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	38,385	56,333	58,981	58,470	19,064	0	6,249	17,756	47,957	39,154
other current liabilities	213,880	196,822	159,501	201,818	83,938	57,129	63,437	59,916	46,914	29,005
total current liabilities	3,875,059	4,039,595	3,408,390	2,907,362	3,545,320	2,706,016	2,134,527	2,134,989	1,636,610	1,264,557
loans	275,789	341,733	80,035	112,075	13,596	237,399	251,725	387,033	518,577	662,661
hp & lease commitments	36,955	34,352	40,362	85,918	34,174	0	0	6,249	24,006	33,319
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	47,579	48,220	40,407	47,960	35,073	28,259	29,991	30,746	32,271	6,992
total long term liabilities	360,323	424,305	160,804	245,953	82,843	265,658	281,716	424,028	574,854	702,972
total liabilities	4,235,382	4,463,900	3,569,194	3,153,315	3,628,163	2,971,674	2,416,243	2,559,017	2,211,464	1,967,529
net assets	1,193,744	1,160,724	1,152,423	1,132,133	1,037,570	931,871	930,550	887,240	955,064	859,720
total shareholders funds	1,193,744	1,160,724	1,152,423	1,132,133	1,037,570	931,871	930,550	887,240	955,064	859,720

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	378,143	408,809	468,498	486,184	295,217	193,123	172,321	69,552	231,870	161,345
Depreciation	87,515	87,515	84,406	72,587	61,187	53,769	59,574	70,003	123,901	120,302
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-63,700	-81,022	-86,017	-95,313	-56,899	-31,644	-33,083	-11,001	-35,886	-20,471
Stock	389,464	167,521	467,394	79,221	244,496	326,281	-225,911	239,915	88,221	800,974
Debtors	-595,296	355,117	62,620	-500,333	468,631	339,380	112,946	82,699	272,058	463,503
Creditors	19,495	296,653	559,286	-408,134	524,369	68,071	113,221	429,042	-175,228	937,281
Accruals and Deferred Income	17,058	37,321	-42,317	117,880	26,809	-6,308	3,521	13,002	17,909	29,005
Deferred Taxes & Provisions	-641	7,813	-7,553	12,887	6,814	-1,732	-755	-1,525	25,279	6,992
Cash flow from operations	643,702	234,451	446,289	607,203	144,370	-390,382	427,764	246,459	-172,434	-30,023
Investing Activities
capital expenditure	2,300	0	-17,767	-70,630	-29,098	-14,638	8,761	26,902	-80,164	-45,756
Change in Investments	0	0	0	0	0	0	1,500	0	0	100
cash flow from investments	2,300	0	-17,767	-70,630	-29,098	-14,638	7,261	26,902	-80,164	-45,856
Financing Activities
Bank loans	1,965	32,083	-12,579	-179,543	151,196	-62,330	3,514	3,440	13,282	114,828
Group/Directors Accounts	-67,991	76,069	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-65,944	261,698	-32,040	98,479	-223,803	-14,326	-135,308	-131,544	-144,084	662,661
Hire Purchase and Lease Commitments	-15,345	-8,658	-45,045	91,150	53,238	-6,249	-17,756	-47,958	-510	72,473
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	791,377
interest	-52,855	-43,172	-44,684	-41,802	-43,113	-64,911	-36,075	-52,052	-51,388	-56,478
cash flow from financing	-200,170	318,020	-134,348	-31,716	-62,482	-147,816	-185,625	-228,114	-182,700	1,584,861
cash and cash equivalents
cash	5,622	-93	-43,157	-77,127	21,945	-70,582	80,689	56,093	22,737	12,102
overdraft	-117,115	191,727	-3,873	-207,567	117,866	578,305	-109,211	83,096	507,287	144,289
change in cash	122,737	-191,820	-39,284	130,440	-95,921	-648,887	189,900	-27,003	-484,550	-132,187

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for finch foods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in NR3 area or any other competitors across 12 key performance metrics.

FINCH FOODS LIMITED group structure

Finch Foods Limited has no subsidiary companies.

Ultimate parent company

FINCH FOODS LIMITED

02491969

FINCH FOODS LIMITED Shareholders

ian barrand plater	99.95%
janet mary plater	0.05%

Finch Foods Limited currently has 1 director, Mr Ian Plater serving since Apr 1992.

officer	country	age	start	end	role
Mr Ian Plater		62 years	Apr 1992	-	Director

P&L

March 2019

turnover

22.6m

+4%

operating profit

378.1k

-8%

gross margin

7.9%

-0.35%

turnover

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

Balance Sheet

March 2019

net assets

1.2m

+0.03%

total assets

5.4m

-0.03%

cash

8.2k

+2.16%

net assets

Total assets minus all liabilities

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company number

02491969

Type

Private limited with Share Capital

industry

46390 - Non-specialised wholesale of food, beverages and tobacco

incorporation date

April 1990

age

accounts

Full Accounts

ultimate parent company

None

previous names

osprey foods international limited (March 2021)

peter thompson international limited (January 1996)

incorporated

address

15 upper king street, norwich, norfolk, NR3 1RB

last accounts submitted

March 2019

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 finch foods limited. Currently there are 0 open charges and 8 have been satisfied in the past.

finch foods limited Company Information

finch foods limited Estimated Valuation

finch foods limited Estimated Valuation

finch foods limited Estimated Valuation

Finch Foods Limited Overview

Finch Foods Limited Health Check

FINCH FOODS LIMITED financials

finch foods limited Credit Report and Business Information

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finch foods limited Ownership

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finch foods limited company details

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finch foods limited Companies House Filings - See Documents