finch foods limited Company Information
Company Number
02491969
Website
www.ospreyfoods.comRegistered 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
View All
Directors
Ian Plater32 Years
Shareholders
ian barrand plater 100%
janet mary plater 0.1%
finch foods limited Estimated Valuation
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).
finch foods limited Estimated Valuation
Pomanda estimates the enterprise value of FINCH FOODS LIMITED at £1.7m based on an EBITDA of £465.7k and a 3.66x industry multiple (adjusted for size and gross margin).
finch foods limited Estimated Valuation
Pomanda estimates the enterprise value of FINCH FOODS LIMITED at £2.6m based on Net Assets of £1.2m and 2.14x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Finch Foods Limited Overview
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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Finch Foods Limited Health Check
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 Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
2 Strong
![positive_score](/assets/images/scoreRate1.png)
3 Regular
![positive_score](/assets/images/scoreRate0.png)
7 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £22.6m, make it smaller than the average company (£29.6m)
£22.6m - Finch Foods Limited
£29.6m - Industry AVG
![growth](/assets/images/scoreRate1.png)
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5%)
5% - Finch Foods Limited
5% - Industry AVG
![production](/assets/images/scoreRate0.png)
Production
with a gross margin of 7.9%, this company has a higher cost of product (19.2%)
7.9% - Finch Foods Limited
19.2% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of 1.7% make it less profitable than the average company (2.1%)
1.7% - Finch Foods Limited
2.1% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 32 employees, this is below the industry average (73)
32 - Finch Foods Limited
73 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£30.5k)
£26.9k - Finch Foods Limited
£30.5k - Industry AVG
![efficiency](/assets/images/scoreRate2.png)
Efficiency
resulting in sales per employee of £706.2k, this is more efficient (£360k)
£706.2k - Finch Foods Limited
£360k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (37 days)
12 days - Finch Foods Limited
37 days - Industry AVG
![creditordays](/assets/images/scoreRate1.png)
Creditor Days
its suppliers are paid after 41 days, this is close to average (38 days)
41 days - Finch Foods Limited
38 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 45 days, this is more than average (32 days)
45 days - Finch Foods Limited
32 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Finch Foods Limited
7 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate0.png)
Debt Level
it has a ratio of liabilities to total assets of 78%, this is a higher level of debt than the average (63%)
78% - Finch Foods Limited
63% - Industry AVG
FINCH FOODS LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
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 | ||||||||||
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 |
finch foods limited Credit Report and Business Information
Finch Foods Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
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 Ownership
FINCH FOODS LIMITED group structure
Finch Foods Limited has no subsidiary companies.
Ultimate parent company
FINCH FOODS LIMITED
02491969
finch foods limited directors
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 2019turnover
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 2019net assets
1.2m
+0.03%
total assets
5.4m
-0.03%
cash
8.2k
+2.16%
net assets
Total assets minus all liabilities
finch foods limited company details
company number
02491969
Type
Private limited with Share Capital
industry
46390 - Non-specialised wholesale of food, beverages and tobacco
incorporation date
April 1990
age
34
accounts
Full Accounts
ultimate parent company
previous names
osprey foods international limited (March 2021)
peter thompson international limited (January 1996)
incorporated
UK
address
15 upper king street, norwich, norfolk, NR3 1RB
last accounts submitted
March 2019
finch foods 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 8 charges/mortgages relating to finch foods limited. Currently there are 0 open charges and 8 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
finch foods limited Companies House Filings - See Documents
date | description | view/download |
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