elveden farms limited

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elveden farms limited Company Information

Share ELVEDEN FARMS LIMITED

Company Number

02585491

Directors

Lisa Bowman

Andrew Duncan

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Shareholders

elgistan trust company (jersey) ltd

Group Structure

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Industry

Silviculture and other forestry activities

 +1

Registered Address

the estate office, elveden, thetford, norfolk, IP24 3TQ

elveden farms limited Estimated Valuation

£20.2m

Pomanda estimates the enterprise value of ELVEDEN FARMS LIMITED at £20.2m based on a Turnover of £27.3m and 0.74x industry multiple (adjusted for size and gross margin).

elveden farms limited Estimated Valuation

£38.1m

Pomanda estimates the enterprise value of ELVEDEN FARMS LIMITED at £38.1m based on an EBITDA of £7.3m and a 5.18x industry multiple (adjusted for size and gross margin).

elveden farms limited Estimated Valuation

£36.7m

Pomanda estimates the enterprise value of ELVEDEN FARMS LIMITED at £36.7m based on Net Assets of £27.6m and 1.33x industry multiple (adjusted for liquidity).

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Elveden Farms Limited Overview

Elveden Farms Limited is a live company located in thetford, IP24 3TQ with a Companies House number of 02585491. It operates in the mixed farming sector, SIC Code 01500. Founded in February 1991, it's largest shareholder is elgistan trust company (jersey) ltd with a 100% stake. Elveden Farms Limited is a mature, large sized company, Pomanda has estimated its turnover at £27.3m with low growth in recent years.

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Elveden Farms Limited Health Check

Pomanda's financial health check has awarded Elveden Farms Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £27.3m, make it larger than the average company (£1.5m)

£27.3m - Elveden Farms Limited

£1.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (11.3%)

3% - Elveden Farms Limited

11.3% - Industry AVG

production

Production

with a gross margin of 16.3%, this company has a higher cost of product (31.7%)

16.3% - Elveden Farms Limited

31.7% - Industry AVG

profitability

Profitability

an operating margin of 15.3% make it more profitable than the average company (5.2%)

15.3% - Elveden Farms Limited

5.2% - Industry AVG

employees

Employees

with 207 employees, this is above the industry average (12)

207 - Elveden Farms Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.2k, the company has an equivalent pay structure (£30k)

£33.2k - Elveden Farms Limited

£30k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £131.7k, this is more efficient (£110.9k)

£131.7k - Elveden Farms Limited

£110.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (28 days)

16 days - Elveden Farms Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (37 days)

18 days - Elveden Farms Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 162 days, this is more than average (61 days)

162 days - Elveden Farms Limited

61 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Elveden Farms Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55%, this is a higher level of debt than the average (36.3%)

55% - Elveden Farms Limited

36.3% - Industry AVG

ELVEDEN FARMS LIMITED financials

EXPORTms excel logo

Elveden Farms Limited's latest turnover from December 2023 is £27.3 million and the company has net assets of £27.6 million. According to their latest financial statements, Elveden Farms Limited has 207 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover27,260,31329,799,86527,946,74525,237,78729,725,57123,981,15721,072,13019,693,52418,881,58720,522,36719,963,47018,961,60217,320,04316,635,56414,961,510
Other Income Or Grants000000000000000
Cost Of Sales22,804,85227,400,27827,908,38727,207,66928,470,08723,845,15019,693,30817,166,00317,601,62720,048,85618,960,36316,830,35115,498,30915,032,52514,317,442
Gross Profit4,455,4612,399,58738,358-1,969,8821,255,484136,0071,378,8222,527,5211,279,960473,5111,003,1072,131,2511,821,7341,603,039644,068
Admin Expenses295,834-24,9361,054,945533,720957,304313,429930,0651,216,291725,2121,366,494919,131615,172885,864408,129817,579
Operating Profit4,159,6272,424,523-1,016,587-2,503,602298,180-177,422448,7571,311,230554,748-892,98383,9761,516,079935,8701,194,910-173,511
Interest Payable1,533,389939,193589,366642,025552,505434,909294,197411,533522,534477,708407,044446,824256,489270,335197,236
Interest Receivable1,018,887704,8341151,86212,4742,3957,6861,6582,65040,6127,206002290
Pre-Tax Profit4,848,8102,425,1642,427,913-2,413,307650,805213,966913,6222,082,1602,978,444-30,923818,3881,556,2951,058,6541,000,307-366,468
Tax-1,381,558-986,745-1,381,331463,736208,087-138,753-170,468-418,907-658,370-141,736-278,334-439,386-213,008-9,2570
Profit After Tax3,467,2521,438,4191,046,582-1,949,571858,89275,213743,1541,663,2532,320,074-172,659540,0541,116,909845,646991,050-366,468
Dividends Paid000000000000000
Retained Profit3,467,2521,438,4191,046,582-1,949,571858,89275,213743,1541,663,2532,320,074-172,659540,0541,116,909845,646991,050-366,468
Employee Costs6,882,7128,608,3837,978,7097,603,0847,450,1726,602,7115,595,4335,597,1344,875,4086,375,2036,003,6694,939,0954,512,6284,447,8654,084,673
Number Of Employees207234214255232218200187193191177151135155138
EBITDA*7,342,6566,156,1452,987,0851,557,8843,236,1392,122,6952,383,0403,143,1312,408,382939,1191,636,2912,873,6452,244,5392,622,9271,212,773

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets22,818,91422,747,05827,201,13629,543,82530,764,85523,992,27518,236,54513,296,19813,954,75114,852,54111,476,40610,772,34810,044,3129,786,54010,160,395
Intangible Assets00000000000092,75000
Investments & Other18,906,72116,581,72116,346,72114,131,29513,781,29513,769,22814,250,1718,404,3659,431,99913,108,3859,605,8469,300,0397,493,2747,079,4294,488,323
Debtors (Due After 1 year)000000000000000
Total Fixed Assets41,725,63539,328,77943,547,85743,675,12044,546,15037,761,50332,486,71621,700,56323,386,75027,960,92621,082,25220,072,38717,630,33616,865,96914,648,718
Stock & work in progress10,139,2039,262,5478,855,0868,252,7227,353,3558,274,8946,110,0965,591,5705,016,0674,728,1474,708,7534,775,8565,209,9073,654,4343,317,735
Trade Debtors1,224,9361,510,7281,182,2521,938,7252,357,2953,402,0581,736,2742,474,4852,953,4421,513,8241,601,8072,625,1651,972,9351,911,8141,299,989
Group Debtors2,977,0411,930,9012,238,1662,458,8222,250,5043,027,0602,735,5711,893,2522,165,1632,334,8072,001,6091,611,8951,009,1811,419,7281,461,373
Misc Debtors5,293,0273,880,4634,117,7831,239,7823,164,7312,196,2582,392,3211,470,135981,3932,172,5811,646,3461,485,880640,5141,585,081575,710
Cash000000003,314,6335100349,8803,6387,271
misc current assets000000000000000
total current assets19,634,20716,584,63916,393,28713,890,05115,125,88516,900,27012,974,26211,429,44214,430,69810,749,4109,958,51510,498,7969,182,4178,574,6956,662,078
total assets61,359,84255,913,41859,941,14457,565,17159,672,03554,661,77345,460,97833,130,00537,817,44838,710,33631,040,76730,571,18326,812,75325,440,66421,310,796
Bank overdraft9,4692,036,4607,058,3413,023,8784,098,4413,917,6662,256,021605,4190778,443823,4511,328,56530,988656,187910,161
Bank loan1,049,000804,000804,0005,291,4294,291,429777,143006,695,000995,000405,0484,112,853028,7420
Trade Creditors 1,169,1541,074,9811,380,6791,918,3421,892,4402,185,3741,468,5001,619,9341,001,4521,314,6151,783,7761,192,6031,275,3791,038,3011,288,216
Group/Directors Accounts3,811,0612,795,4902,842,7093,914,6652,053,7231,828,3041,178,9851,077,051514,2082,322,3392,237,541907,9288,03315,8480
other short term finances00000000600,00000000398,731
hp & lease commitments894,922713,622813,9881,219,0321,267,636966,618691,857487,543815,809831,921464,080330,040298,242186,043188,398
other current liabilities1,152,6451,444,7141,503,4252,476,3991,808,0592,201,3771,562,7491,054,479665,558505,762543,992729,603487,054500,337465,534
total current liabilities8,086,2518,869,26714,403,14217,843,74515,411,72811,876,4827,158,1124,844,42610,292,0276,748,0806,257,8888,601,5922,099,6962,425,4583,251,040
loans18,368,52617,032,00017,836,00014,645,71417,137,14316,428,57112,800,00012,800,00013,700,00019,400,00012,470,00010,100,00013,856,59013,147,5799,100,000
hp & lease commitments1,643,5721,378,2021,493,2171,244,841956,210812,429812,354445,531369,457880,612391,558273,592304,051111,176105,273
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions5,630,6224,470,3303,483,5852,412,9792,799,4913,035,7202,257,1541,626,0221,705,1911,736,4151,803,4332,018,1902,091,5202,141,2012,226,037
total long term liabilities25,642,72022,880,53222,812,80218,303,53420,892,84420,276,72015,869,50814,871,55315,774,64822,017,02714,664,99112,391,78216,252,16115,399,95611,431,310
total liabilities33,728,97131,749,79937,215,94436,147,27936,304,57232,153,20223,027,62019,715,97926,066,67528,765,10720,922,87920,993,37418,351,85717,825,41414,682,350
net assets27,630,87124,163,61922,725,20021,417,89223,367,46322,508,57122,433,35813,414,02611,750,7739,945,20410,117,8639,577,8098,460,8967,615,2506,628,446
total shareholders funds27,630,87124,163,61922,725,20021,417,89223,367,46322,508,57122,433,35813,414,02611,750,7739,945,20410,117,8639,577,8098,460,8967,615,2506,628,446
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit4,159,6272,424,523-1,016,587-2,503,602298,180-177,422448,7571,311,230554,748-892,98383,9761,516,079935,8701,194,910-173,511
Depreciation3,183,0293,731,6224,003,6724,061,4862,937,9592,300,1171,934,2831,831,9011,853,6341,832,1021,487,3151,264,8161,308,6691,428,0171,386,284
Amortisation000000000065,00092,750000
Tax-1,381,558-986,745-1,381,331463,736208,087-138,753-170,468-418,907-658,370-141,736-278,334-439,386-213,008-9,2570
Stock876,656407,461602,364899,367-921,5392,164,798518,526575,503287,92019,394-67,103-434,0511,555,473336,6993,317,735
Debtors2,172,912-216,1091,900,872-2,135,201-852,8461,761,2101,026,294-262,12678,786771,450-473,1782,100,310-1,293,9931,579,5513,337,072
Creditors94,173-305,698-537,66325,902-292,934716,874-151,434618,482-313,163-469,161591,173-82,776237,078-249,9151,288,216
Accruals and Deferred Income-292,069-58,711-972,974668,340-393,318638,628508,270388,921159,796-38,230-185,611242,549-13,28334,803465,534
Deferred Taxes & Provisions1,160,292986,7451,070,606-386,512-236,229778,566631,132-79,169-31,224-67,018-214,757-73,330-49,681-84,8362,226,037
Cash flow from operations3,873,9265,600,384-1,337,5133,565,1844,296,130192,0021,655,7203,339,0811,198,715-567,8702,089,043854,4431,944,165397,472-1,462,247
Investing Activities
capital expenditure00000-7,594,086-3,151,606710,9485,497,492-5,422,337-2,381,189-3,104,184-1,659,392-735,896-1,084,395
Change in Investments2,325,000235,0002,215,426350,00012,067-480,9435,845,806-1,027,634-3,676,3863,502,539305,8071,806,765413,8452,591,1064,488,323
cash flow from investments-2,325,000-235,000-2,215,426-350,000-12,067-7,113,143-8,997,4121,738,5829,173,878-8,924,876-2,686,996-4,910,949-2,073,237-3,327,002-5,572,718
Financing Activities
Bank loans245,0000-4,487,4291,000,0003,514,286777,1430-6,695,0005,700,000589,952-3,707,8054,112,853-28,74228,7420
Group/Directors Accounts1,015,571-47,219-1,071,9561,860,942225,419649,319101,934562,843-1,808,13184,7981,329,613899,895-7,81515,8480
Other Short Term Loans 0000000-600,000600,0000000-398,731398,731
Long term loans1,336,526-804,0003,190,286-2,491,429708,5723,628,5710-900,000-5,700,0006,930,0002,370,000-3,756,590709,0114,047,5799,100,000
Hire Purchase and Lease Commitments446,670-215,381-156,668240,027444,799274,836571,137-252,192-527,267856,895252,0061,339305,0743,548293,671
other long term liabilities000000000000000
share issue00260,7260008,276,1780-514,5050040-4,2466,994,914
interest-514,502-234,359-589,251-640,163-540,031-432,514-286,511-409,875-519,884-437,096-399,838-446,824-256,489-270,106-197,236
cash flow from financing2,529,265-1,300,959-2,854,292-30,6234,353,0454,897,3558,662,738-8,294,224-2,769,7878,024,549-156,024810,677721,0393,422,63416,590,080
cash and cash equivalents
cash0000000-3,314,6333,314,582510-349,880346,242-3,6337,271
overdraft-2,026,991-5,021,8814,034,463-1,074,563180,7751,661,6451,650,602605,419-778,443-45,008-505,1141,297,577-625,199-253,974910,161
change in cash2,026,9915,021,881-4,034,4631,074,563-180,775-1,661,645-1,650,602-3,920,0524,093,02545,059505,114-1,647,457971,441250,341-902,890

elveden farms limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Elveden Farms Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for elveden farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in IP24 area or any other competitors across 12 key performance metrics.

elveden farms limited Ownership

ELVEDEN FARMS LIMITED group structure

Elveden Farms Limited has no subsidiary companies.

Ultimate parent company

ELVEDEN FARMS LIMITED

02585491

ELVEDEN FARMS LIMITED Shareholders

elgistan trust company (jersey) ltd 100%

elveden farms limited directors

Elveden Farms Limited currently has 5 directors. The longest serving directors include Ms Lisa Bowman (May 2015) and Mr Andrew Duncan (Jun 2023).

officercountryagestartendrole
Ms Lisa Bowman52 years May 2015- Director
Mr Andrew DuncanJersey59 years Jun 2023- Director
Mr Andrew Blenkiron60 years Apr 2024- Director
Sir Peter Kendall64 years Jul 2024- Director
Mrs Lindsay Dodsworth62 years Jul 2024- Director

P&L

December 2023

turnover

27.3m

-9%

operating profit

4.2m

+72%

gross margin

16.4%

+102.97%

turnover

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

Balance Sheet

December 2023

net assets

27.6m

+0.14%

total assets

61.4m

+0.1%

cash

0

0%

net assets

Total assets minus all liabilities

elveden farms limited company details

company number

02585491

Type

Private limited with Share Capital

industry

02100 - Silviculture and other forestry activities

01500 - Mixed farming

incorporation date

February 1991

age

34

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

de facto 215 limited (December 1991)

accountant

-

auditor

CLA EVELYN PARTNERS LIMITED

address

the estate office, elveden, thetford, norfolk, IP24 3TQ

Bank

BARCLAYS BANK PLC

Legal Advisor

-

elveden farms 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 4 charges/mortgages relating to elveden farms limited. Currently there are 3 open charges and 1 have been satisfied in the past.

elveden farms 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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elveden farms limited Companies House Filings - See Documents

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