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kingasia foods limited

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kingasia foods limited Company Information

Share KINGASIA FOODS LIMITED

Company Number

02610611

Directors

So Fong

Kin Fong

Shareholders

pearl asia holdings ltd

Group Structure

View All

Industry

Manufacture of prepared meals and dishes

 

Registered Address

middlebank, doncaster carr industrial estate, doncaster, south yorkshire, DN4 5JJ

Website

www.kingasia.co.uk

kingasia foods limited Estimated Valuation

£10.2m

Pomanda estimates the enterprise value of KINGASIA FOODS LIMITED at £10.2m based on a Turnover of £17.6m and 0.58x industry multiple (adjusted for size and gross margin).

kingasia foods limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of KINGASIA FOODS LIMITED at £6.9m based on an EBITDA of £1.5m and a 4.7x industry multiple (adjusted for size and gross margin).

kingasia foods limited Estimated Valuation

£12.9m

Pomanda estimates the enterprise value of KINGASIA FOODS LIMITED at £12.9m based on Net Assets of £6.6m and 1.94x industry multiple (adjusted for liquidity).

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Kingasia Foods Limited Overview

Kingasia Foods Limited is a live company located in doncaster, DN4 5JJ with a Companies House number of 02610611. It operates in the manufacture of prepared meals and dishes sector, SIC Code 10850. Founded in May 1991, it's largest shareholder is pearl asia holdings ltd with a 100% stake. Kingasia Foods Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.6m with low growth in recent years.

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Kingasia Foods Limited Health Check

Pomanda's financial health check has awarded Kingasia Foods Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £17.6m, make it in line with the average company (£21.9m)

£17.6m - Kingasia Foods Limited

£21.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.9%)

4% - Kingasia Foods Limited

6.9% - Industry AVG

production

Production

with a gross margin of 25.8%, this company has a comparable cost of product (26.3%)

25.8% - Kingasia Foods Limited

26.3% - Industry AVG

profitability

Profitability

an operating margin of 6.8% make it more profitable than the average company (3.4%)

6.8% - Kingasia Foods Limited

3.4% - Industry AVG

employees

Employees

with 197 employees, this is similar to the industry average (187)

197 - Kingasia Foods Limited

187 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.3k, the company has an equivalent pay structure (£30.2k)

£27.3k - Kingasia Foods Limited

£30.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £89.5k, this is less efficient (£127k)

£89.5k - Kingasia Foods Limited

£127k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is near the average (39 days)

43 days - Kingasia Foods Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is quicker than average (40 days)

31 days - Kingasia Foods Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 42 days, this is more than average (32 days)

42 days - Kingasia Foods Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (5 weeks)

12 weeks - Kingasia Foods Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.3%, this is a lower level of debt than the average (61.3%)

31.3% - Kingasia Foods Limited

61.3% - Industry AVG

KINGASIA FOODS LIMITED financials

EXPORTms excel logo

Kingasia Foods Limited's latest turnover from June 2024 is £17.6 million and the company has net assets of £6.6 million. According to their latest financial statements, Kingasia Foods Limited has 197 employees and maintains cash reserves of £545 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014May 2013May 2012May 2011May 2010
Turnover17,627,55317,615,45116,570,34315,675,84615,464,11213,048,63812,069,72510,768,4068,844,9077,797,7808,463,2447,050,3697,196,6117,365,3297,218,459
Other Income Or Grants
Cost Of Sales13,071,85514,330,39013,327,45311,307,40710,599,7708,551,5288,026,9616,984,0905,630,9065,318,3215,734,2204,708,2565,110,6715,313,2175,228,344
Gross Profit4,555,6983,285,0613,242,8904,368,4394,864,3424,497,1104,042,7643,784,3163,214,0012,479,4592,729,0242,342,1132,085,9402,052,1121,990,115
Admin Expenses3,357,6133,084,9173,034,5993,126,1743,438,8213,199,3473,221,5372,668,5852,947,6472,196,4952,288,6021,956,2481,958,1271,820,7511,856,679
Operating Profit1,198,085200,144208,2911,242,2651,425,5211,297,763821,2271,115,731266,354282,964440,422385,865127,813231,361133,436
Interest Payable55,62678,66211,662105,23241,7979,51810,16313,60222
Interest Receivable6,0073,9073,65831,4578,41718,76621,87418,25412,66914,57218,51813,68613,05913,89331,608
Pre-Tax Profit1,449,640266,146-160,8981,559,8851,426,1791,349,541843,9651,171,008281,020301,521458,940399,551140,872245,252165,042
Tax-362,220-121,76348,050-306,396-270,202-253,206-162,460-229,483-53,452-41,963-91,390-92,049-22,605-59,050-27,429
Profit After Tax1,087,420144,383-112,8481,253,4891,155,9771,096,335681,505941,525227,568259,558367,550307,502118,267186,202137,613
Dividends Paid356,400356,400178,200456,400356,400356,400356,400311,850155,925114,100254,026144,787133,649133,651178,200
Retained Profit731,020-212,017-291,048797,089799,577739,935325,105629,67571,643145,458113,524162,715-15,38252,551-40,587
Employee Costs5,373,7734,984,2635,012,7454,552,7944,640,0253,972,6023,997,1433,524,1123,548,0872,848,1443,158,5572,616,4182,708,7412,729,0582,833,735
Number Of Employees197191160165161155148146143138138139176176183
EBITDA*1,473,611493,062499,4841,489,1211,660,1621,620,6961,071,3611,290,748420,525401,869578,013491,365241,118354,716270,253

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014May 2013May 2012May 2011May 2010
Tangible Assets1,328,3301,463,9701,418,3251,192,5981,171,0601,135,5541,304,059896,378808,635609,431646,657558,342596,028651,323735,597
Intangible Assets
Investments & Other
Debtors (Due After 1 year)2,35714,28026,78129,424
Total Fixed Assets1,328,3301,463,9701,418,3251,192,5981,171,0601,135,5541,304,059896,378808,635609,431646,657560,699610,308678,104765,021
Stock & work in progress1,515,9721,477,9051,458,2131,264,4241,053,1531,063,9041,018,597915,758758,205633,080675,524680,087712,106655,417611,246
Trade Debtors2,100,5411,850,9201,693,1861,625,0901,674,2501,372,1781,211,7631,224,3681,217,6021,030,317838,769861,044781,887984,2471,024,590
Group Debtors667,540627,985695,857727,788223,015257,300336,486378,402111,81294,7579,00141,0799,001
Misc Debtors477,075478,445892,814450,818308,804265,699260,322270,156244,577296,131367,150340,810271,451352,718143,509
Cash544,980235,652185,0271,150,5831,073,304793,346936,852758,864468,172710,041940,454821,512512,262415,816618,895
misc current assets2,995,8522,704,3212,613,1862,975,9732,239,6551,791,043861,936711,490650,687525,718249,502399,502399,502399,502249,502
total current assets8,301,9607,375,2287,538,2838,194,6766,572,1815,543,4704,625,9564,259,0383,451,0553,290,0443,071,3993,111,9562,718,2872,807,7002,656,743
total assets9,630,2908,839,1988,956,6089,387,2747,743,2416,679,0245,930,0155,155,4164,259,6903,899,4753,718,0563,672,6553,328,5953,485,8043,421,764
Bank overdraft
Bank loan20,70253,38353,94551,94548,34446,34445,944
Trade Creditors 1,129,8011,439,1091,516,0761,301,887956,859756,194851,976551,802499,518481,067484,276514,857411,224444,434519,614
Group/Directors Accounts7,1423,29635,550
other short term finances200,000200,000200,000320,000258
hp & lease commitments
other current liabilities965,006465,034381,7561,333,808857,693756,507601,801415,659218,191306,828266,607316,903237,544298,588251,512
total current liabilities2,294,8072,124,8452,151,2152,689,6401,866,4971,568,1871,500,1211,013,4051,037,709788,153750,883831,760652,064778,572771,126
loans292,697443,737429,24173,671126,631178,678227,212273,393
hp & lease commitments
Accruals and Deferred Income52,20161,41372,250
other liabilities
provisions374,560324,198206,880235,893159,131140,754151,212142,253125,29086,27487,58274,82873,17988,49884,455
total long term liabilities719,458829,348708,371309,564285,762319,432378,424415,646125,29086,27487,58274,82873,17988,49884,455
total liabilities3,014,2652,954,1932,859,5862,999,2042,152,2591,887,6191,878,5451,429,0511,162,999874,427838,465906,588725,243867,070855,581
net assets6,616,0255,885,0056,097,0226,388,0705,590,9824,791,4054,051,4703,726,3653,096,6913,025,0482,879,5912,766,0672,603,3522,618,7342,566,183
total shareholders funds6,616,0255,885,0056,097,0226,388,0705,590,9824,791,4054,051,4703,726,3653,096,6913,025,0482,879,5912,766,0672,603,3522,618,7342,566,183
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit1,198,085200,144208,2911,242,2651,425,5211,297,763821,2271,115,731266,354282,964440,422385,865127,813231,361133,436
Depreciation275,526292,918291,193246,856234,641322,933250,134175,017154,171118,905137,591105,500113,305123,355136,817
Amortisation
Tax-362,220-121,76348,050-306,396-270,202-253,206-162,460-229,483-53,452-41,963-91,390-92,049-22,605-59,050-27,429
Stock38,06719,692193,789211,271-10,75145,307102,839157,553125,125-42,444-4,563-32,01956,68944,171611,246
Debtors287,806-324,507478,161597,627310,89286,606-64,355298,935152,786215,286-7,293104,515-255,049157,2221,206,524
Creditors-309,308-76,967214,189345,028200,665-95,782300,17452,28418,451-3,209-30,581103,633-33,210-75,180519,614
Accruals and Deferred Income490,76072,441-879,802476,115101,186154,706186,142197,468-88,63740,221-50,29679,359-61,04447,076251,512
Deferred Taxes & Provisions50,362117,318-29,01376,76218,377-10,4588,95916,96339,016-1,30812,7541,649-15,3194,04384,455
Cash flow from operations1,017,332788,906-819,0421,271,7321,410,0471,284,0431,365,692871,49257,992222,768430,356511,461307,30070,212-719,365
Investing Activities
capital expenditure336,621256,302192,92255,021-275,207-84,620-90,144-58,465-191,015-143,865
Change in Investments
cash flow from investments336,621256,302192,92255,021-275,207-84,620-90,144-58,465-191,015-143,865
Financing Activities
Bank loans-20,702-32,681-5622,0003,6012,00040045,944
Group/Directors Accounts-7,1427,142-3,296-32,25435,550
Other Short Term Loans 200,000-320,000319,742258
Long term loans-151,04014,496355,570-52,960-52,047-48,534-46,181273,393
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1-1-12,606,770
interest-49,619-74,755-8,004-73,775-33,3809,24811,7114,65212,66914,57218,51813,68613,05913,89131,606
cash flow from financing-221,361-92,940547,004-124,736-88,968-30,144-34,0703,988332,41114,82918,51810,390-19,19549,4412,638,376
cash and cash equivalents
cash309,32850,625-965,55677,279279,958-143,506177,988290,692-241,869-230,413118,942309,25096,446-203,079618,895
overdraft
change in cash309,32850,625-965,55677,279279,958-143,506177,988290,692-241,869-230,413118,942309,25096,446-203,079618,895

kingasia foods 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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Kingasia Foods Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for kingasia foods limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DN4 area or any other competitors across 12 key performance metrics.

kingasia foods limited Ownership

KINGASIA FOODS LIMITED group structure

Kingasia Foods Limited has no subsidiary companies.

Ultimate parent company

PEARL ASIA HOLDINGS LTD

#0061463

1 parent

KINGASIA FOODS LIMITED

02610611

KINGASIA FOODS LIMITED Shareholders

The sole shareholder of Kingasia Foods Limited is Pearl Asia Holdings Ltd.

pearl asia holdings ltd 100%

kingasia foods limited directors

Kingasia Foods Limited currently has 2 directors. The longest serving directors include Mr So Fong (Jun 1991) and Mr Kin Fong (Jun 1992).

officercountryagestartendrole
Mr So FongUnited Kingdom66 years Jun 1991- Director
Mr Kin Fong69 years Jun 1992- Director

P&L

June 2024

turnover

17.6m

0%

operating profit

1.2m

+499%

gross margin

25.9%

+38.58%

turnover

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

Balance Sheet

June 2024

net assets

6.6m

+0.12%

total assets

9.6m

+0.09%

cash

545k

+1.31%

net assets

Total assets minus all liabilities

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kingasia foods limited company details

company number

02610611

Type

Private limited with Share Capital

industry

10850 - Manufacture of prepared meals and dishes

incorporation date

May 1991

age

34

incorporated

UK

ultimate parent company

PEARL ASIA HOLDINGS LTD

accounts

Full Accounts

last accounts submitted

June 2024

previous names

N/A

accountant

-

auditor

CROZIER JONES LLP

address

middlebank, doncaster carr industrial estate, doncaster, south yorkshire, DN4 5JJ

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

kingasia 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 2 charges/mortgages relating to kingasia foods limited. Currently there are 2 open charges and 0 have been satisfied in the past.

kingasia foods 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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kingasia foods limited Companies House Filings - See Documents

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