selecta u.k. limited
selecta u.k. limited Company Information
Company Number
02605313
Website
www.selecta.co.ukRegistered Address
1 finway road finway road, hemel hempstead industrial estat, hemel hempstead, hertfordshire, HP2 7PT
Industry
Other food service activities
Telephone
441256348600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
selecta uk holdings limited 100%
selecta u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of SELECTA U.K. LIMITED at £188.8m based on a Turnover of £125m and 1.51x industry multiple (adjusted for size and gross margin).
selecta u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of SELECTA U.K. LIMITED at £30.9m based on an EBITDA of £2.1m and a 14.59x industry multiple (adjusted for size and gross margin).
selecta u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of SELECTA U.K. LIMITED at £0 based on Net Assets of £-53.5m and 2.55x industry multiple (adjusted for liquidity).
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Selecta U.k. Limited Overview
Selecta U.k. Limited is a live company located in hemel hempstead, HP2 7PT with a Companies House number of 02605313. It operates in the other food services sector, SIC Code 56290. Founded in April 1991, it's largest shareholder is selecta uk holdings limited with a 100% stake. Selecta U.k. Limited is a mature, mega sized company, Pomanda has estimated its turnover at £125m with declining growth in recent years.
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Selecta U.k. Limited Health Check
Pomanda's financial health check has awarded Selecta U.K. Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £125m, make it larger than the average company (£2.8m)
£125m - Selecta U.k. Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.2%)
-11% - Selecta U.k. Limited
3.2% - Industry AVG
Production
with a gross margin of 52.3%, this company has a lower cost of product (26.2%)
52.3% - Selecta U.k. Limited
26.2% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (3.3%)
-5.9% - Selecta U.k. Limited
3.3% - Industry AVG
Employees
with 877 employees, this is above the industry average (26)
877 - Selecta U.k. Limited
26 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has a higher pay structure (£24.2k)
£36.8k - Selecta U.k. Limited
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £142.5k, this is more efficient (£77k)
£142.5k - Selecta U.k. Limited
£77k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (34 days)
73 days - Selecta U.k. Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (37 days)
104 days - Selecta U.k. Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is more than average (16 days)
55 days - Selecta U.k. Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (19 weeks)
2 weeks - Selecta U.k. Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 198.9%, this is a higher level of debt than the average (69.5%)
198.9% - Selecta U.k. Limited
69.5% - Industry AVG
SELECTA U.K. LIMITED financials
Selecta U.K. Limited's latest turnover from December 2022 is £125 million and the company has net assets of -£53.5 million. According to their latest financial statements, Selecta U.K. Limited has 877 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 124,962,000 | 104,830,000 | 83,001,000 | 179,189,000 | 146,002,000 | 54,563,000 | 108,046,000 | 121,840,000 | 125,273,000 | 128,669,000 | 94,516,000 | 77,751,000 | 68,178,000 | 79,868,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 59,578,000 | 42,400,000 | 39,216,000 | 82,667,000 | 66,327,000 | 32,823,000 | 62,043,000 | 68,283,000 | 73,203,000 | 72,669,000 | 47,655,000 | 40,476,000 | 35,352,000 | 36,128,000 |
| Gross Profit | 65,384,000 | 62,430,000 | 43,785,000 | 96,522,000 | 79,675,000 | 21,740,000 | 46,003,000 | 53,557,000 | 52,070,000 | 56,000,000 | 46,861,000 | 37,275,000 | 32,826,000 | 43,740,000 |
| Admin Expenses | 56,339,000 | 44,323,000 | 43,039,000 | 37,396,000 | 48,555,000 | |||||||||
| Operating Profit | -339,000 | 2,538,000 | -5,764,000 | -4,570,000 | -4,815,000 | |||||||||
| Interest Payable | 4,967,000 | 4,847,000 | 4,455,000 | 4,378,000 | 1,867,000 | 563,000 | 1,112,000 | 1,135,000 | 0 | 4,952,000 | 3,081,000 | 2,511,000 | 1,831,000 | 1,367,000 |
| Interest Receivable | 0 | 0 | 0 | 335,000 | 6,000 | 0 | 2,000 | 0 | 0 | 244,000 | 281,000 | 0 | 14,000 | 41,000 |
| Pre-Tax Profit | -12,623,000 | -14,015,000 | -30,526,000 | -5,685,000 | -12,972,000 | -3,136,000 | -3,175,000 | -31,206,000 | 440,000 | -5,047,000 | -262,000 | -8,275,000 | -6,387,000 | -6,141,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,335,000 | -101,000 | -684,000 | 1,633,000 | 4,243,000 |
| Profit After Tax | -12,623,000 | -14,015,000 | -30,526,000 | -5,685,000 | -12,972,000 | -3,136,000 | -3,175,000 | -31,206,000 | 440,000 | -7,382,000 | -363,000 | -8,959,000 | -4,754,000 | -1,898,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 6,637,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -12,623,000 | -14,015,000 | -30,526,000 | -5,685,000 | -19,609,000 | -3,136,000 | -3,175,000 | -31,206,000 | 440,000 | -7,382,000 | -363,000 | -8,959,000 | -4,754,000 | -1,898,000 |
| Employee Costs | 32,303,000 | 28,737,000 | 27,858,000 | 51,832,000 | 39,633,000 | 14,534,000 | 29,190,000 | 32,293,000 | 30,298,000 | 29,527,000 | 27,651,000 | 26,181,000 | 22,699,000 | 27,706,000 |
| Number Of Employees | 877 | 925 | 1,327 | 1,480 | 1,538 | 1,088 | 1,113 | 1,225 | 1,203 | 990 | 1,191 | 1,283 | ||
| EBITDA* | 10,731,000 | 7,132,000 | -798,000 | 647,000 | 125,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,999,000 | 16,088,000 | 23,574,000 | 18,790,000 | 24,690,000 | 41,883,000 | 43,499,000 | 47,577,000 | 33,596,000 | 33,720,000 | 25,380,000 | 8,543,000 | 9,903,000 | 9,906,000 |
| Intangible Assets | 2,523,000 | 2,982,000 | 4,994,000 | 6,248,000 | 608,000 | 0 | 0 | 0 | 18,375,000 | 19,548,000 | 19,476,000 | 16,096,000 | 17,798,000 | 19,154,000 |
| Investments & Other | 0 | 408,000 | 408,000 | 408,000 | 0 | 0 | 0 | 0 | 33,596,000 | 202,000 | 202,000 | 202,000 | 202,000 | 202,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 116,000 | 216,000 | 26,082,000 | 26,080,000 | 26,030,000 | 0 | 31,324,000 | 23,804,000 | 2,613,000 | 3,367,000 | 3,617,000 |
| Total Fixed Assets | 14,522,000 | 19,070,000 | 28,568,000 | 25,038,000 | 25,298,000 | 41,883,000 | 43,499,000 | 47,577,000 | 51,971,000 | 84,794,000 | 68,862,000 | 27,454,000 | 31,270,000 | 32,879,000 |
| Stock & work in progress | 9,104,000 | 10,289,000 | 11,318,000 | 14,307,000 | 11,213,000 | 8,393,000 | 8,381,000 | 8,780,000 | 8,859,000 | 9,908,000 | 6,777,000 | 3,447,000 | 5,511,000 | 5,736,000 |
| Trade Debtors | 25,113,000 | 23,767,000 | 12,982,000 | 15,247,000 | 18,503,000 | 11,328,000 | 10,729,000 | 10,369,000 | 48,250,000 | 13,209,000 | 11,169,000 | 11,615,000 | 8,253,000 | 11,471,000 |
| Group Debtors | 2,315,000 | 2,839,000 | 1,637,000 | 2,014,000 | 10,508,000 | 98,000 | 58,000 | 38,000 | 0 | 0 | 699,000 | 21,357,000 | 21,268,000 | 21,288,000 |
| Misc Debtors | 543,000 | 2,710,000 | 761,000 | 3,308,000 | 2,372,000 | 2,511,000 | 1,724,000 | 2,163,000 | 0 | 2,275,000 | 2,352,000 | 796,000 | 4,243,000 | 2,873,000 |
| Cash | 2,505,000 | 3,906,000 | 3,542,000 | 4,434,000 | 12,461,000 | 9,254,000 | 9,941,000 | 9,031,000 | 8,407,000 | 8,850,000 | 3,718,000 | 1,765,000 | 578,000 | 422,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,580,000 | 43,511,000 | 30,240,000 | 39,310,000 | 55,057,000 | 31,584,000 | 30,833,000 | 30,381,000 | 65,516,000 | 34,242,000 | 24,715,000 | 38,980,000 | 39,853,000 | 41,790,000 |
| total assets | 54,102,000 | 62,581,000 | 58,808,000 | 64,348,000 | 80,355,000 | 73,467,000 | 74,332,000 | 77,958,000 | 117,487,000 | 119,036,000 | 93,577,000 | 66,434,000 | 71,123,000 | 74,669,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,153,000 | 157,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 17,040,000 | 19,163,000 | 14,650,000 | 20,486,000 | 26,688,000 | 20,208,000 | 20,494,000 | 17,859,000 | 18,280,000 | 19,020,000 | 13,543,000 | 11,742,000 | 7,484,000 | 5,980,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 13,054,000 | 9,066,000 | 7,053,000 | 9,894,000 | 9,584,000 | 8,458,000 | 2,379,000 | 19,556,000 | 67,491,000 | 68,484,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,436,000 | 2,904,000 | 3,636,000 | 554,000 | 905,000 | 154,000 | 148,000 | 136,000 | 0 | 0 | 0 | 0 | 45,000 | 116,000 |
| other current liabilities | 36,046,000 | 32,461,000 | 36,750,000 | 21,887,000 | 12,089,000 | 8,108,000 | 7,219,000 | 6,839,000 | 8,817,000 | 8,755,000 | 6,011,000 | 4,147,000 | 3,339,000 | 3,703,000 |
| total current liabilities | 56,522,000 | 54,528,000 | 55,036,000 | 42,927,000 | 52,736,000 | 37,536,000 | 34,914,000 | 34,728,000 | 36,681,000 | 36,233,000 | 21,933,000 | 35,445,000 | 79,512,000 | 78,440,000 |
| loans | 55,434,000 | 56,161,000 | 55,040,000 | 34,355,000 | 34,031,000 | 26,176,000 | 26,324,000 | 26,701,000 | 32,179,000 | 34,133,000 | 48,860,000 | 27,000,000 | 0 | 0 |
| hp & lease commitments | 4,284,000 | 7,616,000 | 9,035,000 | 254,000 | 1,117,000 | 239,000 | 313,000 | 461,000 | 0 | 0 | 0 | 0 | 4,000 | 35,000 |
| Accruals and Deferred Income | 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 |
| provisions | 3,160,000 | 2,758,000 | 3,244,000 | 1,298,000 | 4,698,000 | 652,000 | 1,206,000 | 2,022,000 | 2,884,000 | 1,925,000 | 657,000 | 1,243,000 | 600,000 | 613,000 |
| total long term liabilities | 51,089,000 | 48,939,000 | 47,627,000 | 34,750,000 | 35,263,000 | 26,263,000 | 26,614,000 | 27,251,000 | 33,621,000 | 36,058,000 | 49,517,000 | 28,243,000 | 604,000 | 505,000 |
| total liabilities | 107,611,000 | 103,467,000 | 102,663,000 | 77,677,000 | 87,999,000 | 63,799,000 | 61,528,000 | 61,979,000 | 70,302,000 | 72,291,000 | 71,450,000 | 63,688,000 | 80,116,000 | 78,945,000 |
| net assets | -53,509,000 | -40,886,000 | -43,855,000 | -13,329,000 | -7,644,000 | 9,668,000 | 12,804,000 | 15,979,000 | 47,185,000 | 46,745,000 | 22,127,000 | 2,746,000 | -8,993,000 | -4,276,000 |
| total shareholders funds | -53,509,000 | -40,886,000 | -43,855,000 | -13,329,000 | -7,644,000 | 9,668,000 | 12,804,000 | 15,979,000 | 47,185,000 | 46,745,000 | 22,127,000 | 2,746,000 | -8,993,000 | -4,276,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -339,000 | 2,538,000 | -5,764,000 | -4,570,000 | -4,815,000 | |||||||||
| Depreciation | 8,851,000 | 12,570,000 | 12,232,000 | 14,422,000 | 13,521,000 | 4,142,000 | 9,601,000 | 10,222,000 | 9,239,000 | 2,930,000 | 3,264,000 | 3,861,000 | 3,584,000 | |
| Amortisation | 699,000 | 2,658,000 | 1,601,000 | 2,111,000 | 0 | 0 | 0 | 0 | 0 | 1,831,000 | 1,664,000 | 1,702,000 | 1,356,000 | 1,356,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,335,000 | -101,000 | -684,000 | 1,633,000 | 4,243,000 |
| Stock | -1,185,000 | -1,029,000 | -2,989,000 | 3,094,000 | 2,820,000 | -387,000 | -399,000 | -79,000 | -1,049,000 | 3,131,000 | 3,330,000 | 3,447,000 | -225,000 | 5,736,000 |
| Debtors | -1,345,000 | 13,936,000 | -5,305,000 | -10,914,000 | -8,420,000 | 1,419,000 | -9,000 | -9,650,000 | 1,442,000 | 8,784,000 | 1,643,000 | 36,381,000 | -2,118,000 | 39,249,000 |
| Creditors | -2,123,000 | 4,513,000 | -5,836,000 | -6,202,000 | 6,480,000 | 2,349,000 | 2,635,000 | -421,000 | -740,000 | 5,477,000 | 1,801,000 | 11,742,000 | 1,504,000 | 5,980,000 |
| Accruals and Deferred Income | 3,585,000 | -4,289,000 | 14,863,000 | 9,798,000 | 3,981,000 | 1,269,000 | 380,000 | -1,978,000 | 62,000 | 2,744,000 | 1,864,000 | 4,147,000 | -364,000 | 3,703,000 |
| Deferred Taxes & Provisions | 402,000 | -486,000 | 1,946,000 | -3,400,000 | 4,046,000 | -1,370,000 | -816,000 | -862,000 | 959,000 | 1,268,000 | -586,000 | 1,243,000 | -13,000 | 613,000 |
| Cash flow from operations | 5,970,000 | 5,137,000 | -24,178,000 | 5,750,000 | -30,321,000 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -408,000 | 0 | 0 | 408,000 | 0 | 0 | 0 | -33,596,000 | 33,394,000 | 0 | 0 | 202,000 | 0 | 202,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -13,054,000 | 3,988,000 | -828,000 | -2,841,000 | 310,000 | 1,126,000 | 6,079,000 | -17,177,000 | 19,556,000 | -993,000 | 68,484,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -727,000 | 1,121,000 | 20,685,000 | 324,000 | 7,855,000 | -525,000 | -377,000 | -5,478,000 | -1,954,000 | -14,727,000 | 21,860,000 | 27,000,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | -2,800,000 | -2,151,000 | 11,863,000 | -1,214,000 | 1,629,000 | -204,000 | -136,000 | 597,000 | 0 | 0 | 0 | 0 | -102,000 | 151,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -4,967,000 | -4,847,000 | -4,455,000 | -4,043,000 | -1,861,000 | -563,000 | -1,110,000 | -1,135,000 | 0 | -4,708,000 | -2,800,000 | -2,511,000 | -1,817,000 | -1,326,000 |
| cash flow from financing | -8,494,000 | 11,107,000 | 28,093,000 | -17,987,000 | 13,908,000 | -5,295,000 | -4,464,000 | -5,706,000 | -828,000 | 18,644,000 | 21,627,000 | 55,750,000 | -2,875,000 | 64,931,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,401,000 | 364,000 | -892,000 | -8,027,000 | 3,207,000 | 223,000 | 910,000 | 624,000 | -443,000 | 5,132,000 | 1,953,000 | 1,765,000 | 156,000 | 422,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 996,000 | 157,000 |
| change in cash | -1,401,000 | 364,000 | -892,000 | -8,027,000 | 3,207,000 | 223,000 | 910,000 | 624,000 | -443,000 | 5,132,000 | 1,953,000 | 1,765,000 | -840,000 | 265,000 |
selecta u.k. limited Credit Report and Business Information
Selecta U.k. Limited Competitor Analysis
Perform a competitor analysis for selecta u.k. limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
selecta u.k. limited Ownership
SELECTA U.K. LIMITED group structure
Selecta U.K. Limited has no subsidiary companies.
Ultimate parent company
SELECTA GROUP BV
#0103075
2 parents
SELECTA U.K. LIMITED
02605313
selecta u.k. limited directors
Selecta U.K. Limited currently has 3 directors. The longest serving directors include Mr Paul Hearne (Jul 2020) and Mr Toby Venus (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Hearne | England | 48 years | Jul 2020 | - | Director |
| Mr Toby Venus | England | 43 years | Oct 2020 | - | Director |
| Mr Timothy Goldsmith | England | 43 years | Mar 2023 | - | Director |
P&L
December 2022turnover
125m
+19%
operating profit
-7.4m
0%
gross margin
52.4%
-12.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-53.5m
+0.31%
total assets
54.1m
-0.14%
cash
2.5m
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
selecta u.k. limited company details
company number
02605313
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
April 1991
age
33
accounts
Full Accounts
ultimate parent company
previous names
pelican rouge coffee solutions limited (October 2017)
autobar vending services limited (October 2014)
See moreincorporated
UK
address
1 finway road finway road, hemel hempstead industrial estat, hemel hempstead, hertfordshire, HP2 7PT
last accounts submitted
December 2022
selecta u.k. 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 18 charges/mortgages relating to selecta u.k. limited. Currently there are 2 open charges and 16 have been satisfied in the past.
selecta u.k. limited Companies House Filings - See Documents
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