express vending limited
express vending limited Company Information
Company Number
02731971
Next Accounts
1293 days late
Shareholders
selecta uk holding limited
Group Structure
View All
Industry
Other food service activities
Registered Address
5 th floor, grove house, 248a, marylebone road, london, NW1 6BB
Website
www.expressvending.co.ukexpress vending limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRESS VENDING LIMITED at £86.6m based on a Turnover of £59.8m and 1.45x industry multiple (adjusted for size and gross margin).
express vending limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRESS VENDING LIMITED at £134.8m based on an EBITDA of £10.2m and a 13.26x industry multiple (adjusted for size and gross margin).
express vending limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRESS VENDING LIMITED at £33.2m based on Net Assets of £12m and 2.78x industry multiple (adjusted for liquidity).
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Express Vending Limited Overview
Express Vending Limited is a live company located in london, NW1 6BB with a Companies House number of 02731971. It operates in the other food services sector, SIC Code 56290. Founded in July 1992, it's largest shareholder is selecta uk holding limited with a 100% stake. Express Vending Limited is a mature, large sized company, Pomanda has estimated its turnover at £59.8m with high growth in recent years.
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Express Vending Limited Health Check
Pomanda's financial health check has awarded Express Vending Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
4 Weak
Size
annual sales of £59.8m, make it larger than the average company (£1.9m)
£59.8m - Express Vending Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.9%)
26% - Express Vending Limited
5.9% - Industry AVG
Production
with a gross margin of 43.4%, this company has a lower cost of product (28.5%)
43.4% - Express Vending Limited
28.5% - Industry AVG
Profitability
an operating margin of 15.7% make it more profitable than the average company (3.4%)
15.7% - Express Vending Limited
3.4% - Industry AVG
Employees
with 256 employees, this is above the industry average (30)
256 - Express Vending Limited
30 - Industry AVG
Pay Structure
on an average salary of £63.3k, the company has a higher pay structure (£22.5k)
£63.3k - Express Vending Limited
£22.5k - Industry AVG
Efficiency
resulting in sales per employee of £233.5k, this is more efficient (£77.8k)
£233.5k - Express Vending Limited
£77.8k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (31 days)
13 days - Express Vending Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (38 days)
32 days - Express Vending Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is more than average (11 days)
14 days - Express Vending Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (16 weeks)
9 weeks - Express Vending Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.6%, this is a lower level of debt than the average (70.3%)
36.6% - Express Vending Limited
70.3% - Industry AVG
EXPRESS VENDING LIMITED financials
Express Vending Limited's latest turnover from December 2019 is £59.8 million and the company has net assets of £12 million. According to their latest financial statements, Express Vending Limited has 256 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 59,774,523 | 38,833,171 | 33,551,648 | 29,770,808 | 25,994,055 | 20,600,101 | 15,849,260 | 14,409,495 | 12,001,649 | 10,897,069 | 9,852,070 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 33,805,827 | 22,330,456 | 18,427,012 | 16,023,791 | 13,586,969 | ||||||
| Gross Profit | 25,968,696 | 16,502,715 | 15,124,636 | 13,747,017 | 12,407,086 | ||||||
| Admin Expenses | 16,578,639 | 12,582,572 | 14,284,745 | 13,124,237 | 12,099,192 | ||||||
| Operating Profit | 9,390,057 | 3,920,143 | 839,891 | 622,780 | 307,894 | 300,671 | 119,481 | 156,520 | 161,241 | 157,207 | 160,807 |
| Interest Payable | 48,420 | 10,051 | 15,437 | 17,909 | 19,013 | 23,297 | |||||
| Interest Receivable | 491 | 1,219 | 861 | 610 | 456 | 574 | 5,720 | ||||
| Pre-Tax Profit | 9,341,637 | 3,920,143 | 839,891 | 622,780 | 308,385 | 300,874 | 110,291 | 141,693 | 143,788 | 134,050 | 143,230 |
| Tax | -108,181 | -791,403 | -108,388 | -126,212 | -83,447 | -110,707 | -69,681 | -43,407 | -26,470 | -43,613 | -54,340 |
| Profit After Tax | 9,233,456 | 3,128,740 | 731,503 | 496,568 | 224,938 | 190,167 | 40,610 | 98,286 | 117,318 | 90,437 | 88,890 |
| Dividends Paid | 4,000,000 | ||||||||||
| Retained Profit | 5,233,456 | 3,128,740 | 731,503 | 496,568 | 224,938 | 190,167 | 40,610 | 98,286 | 117,318 | 90,437 | 88,890 |
| Employee Costs | 16,198,983 | 10,550,931 | 9,888,664 | 8,920,613 | 7,864,841 | 6,430,503 | 5,047,173 | 4,613,089 | 3,939,165 | 3,360,866 | 2,982,632 |
| Number Of Employees | 256 | 252 | 236 | 218 | 194 | 175 | 155 | 154 | 136 | 117 | 112 |
| EBITDA* | 10,168,127 | 4,249,343 | 1,114,904 | 809,900 | 505,805 | 457,455 | 249,962 | 273,532 | 273,710 | 267,289 | 282,082 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,011,575 | 895,581 | 916,317 | 687,030 | 551,053 | 578,335 | 442,051 | 404,457 | 430,076 | 374,517 | 406,055 |
| Intangible Assets | 45,123 | 18,881 | 45,830 | 72,779 | 99,728 | 126,677 | 153,626 | 180,575 | |||
| Investments & Other | 1,642,995 | 10,000 | 10,000 | 11,100 | 11,100 | 11,100 | 11,100 | 11,100 | 11,100 | 11,100 | |
| Debtors (Due After 1 year) | 14,621 | 21,234 | 1,310 | ||||||||
| Total Fixed Assets | 3,056,698 | 895,581 | 916,317 | 687,030 | 581,034 | 635,265 | 525,930 | 515,285 | 567,853 | 539,243 | 597,730 |
| Stock & work in progress | 1,384,786 | 1,736,957 | 1,568,758 | 1,535,062 | 1,144,665 | 973,707 | 951,518 | 1,097,563 | 1,176,416 | 1,098,672 | 983,547 |
| Trade Debtors | 2,205,645 | 4,941,390 | 3,544,590 | 3,421,454 | 2,704,335 | 2,317,954 | 1,788,940 | 1,857,706 | 1,825,850 | 1,498,868 | 1,014,430 |
| Group Debtors | 10,040,523 | 23,854 | 23,954 | 22,944 | 23,025 | 23,088 | 28,120 | ||||
| Misc Debtors | 977,306 | 998,415 | 1,000,913 | 842,464 | 980,176 | 864,750 | 927,654 | 904,325 | 861,369 | 742,132 | 703,063 |
| Cash | 1,170,251 | 5,464,588 | 7,097,465 | 5,539,753 | 4,315,739 | 2,670,446 | 1,382,723 | 1,032,451 | 438,190 | 762,903 | 509,257 |
| misc current assets | |||||||||||
| total current assets | 15,778,511 | 13,141,350 | 13,211,726 | 11,338,733 | 9,144,915 | 6,850,711 | 5,074,789 | 4,914,989 | 4,324,850 | 4,125,663 | 3,238,417 |
| total assets | 18,835,209 | 14,036,931 | 14,128,043 | 12,025,763 | 9,725,949 | 7,485,976 | 5,600,719 | 5,430,274 | 4,892,703 | 4,664,906 | 3,836,147 |
| Bank overdraft | 8,957 | 50,400 | 50,400 | ||||||||
| Bank loan | |||||||||||
| Trade Creditors | 3,005,955 | 3,093,758 | 2,918,187 | 2,407,365 | 1,939,255 | 1,820,187 | 1,167,737 | 1,120,851 | 1,070,498 | 1,023,810 | 760,617 |
| Group/Directors Accounts | 3,443,012 | 1,917,437 | 1,557,594 | 1,706,217 | 1,326,221 | 1,265,218 | 967,853 | ||||
| other short term finances | |||||||||||
| hp & lease commitments | 33,047 | 45,338 | 45,338 | 45,338 | |||||||
| other current liabilities | 3,528,510 | 4,669,936 | 7,906,954 | 7,213,711 | 2,793,733 | 2,339,658 | 1,703,371 | 1,438,752 | 1,362,669 | 1,233,113 | 934,893 |
| total current liabilities | 6,534,465 | 7,763,694 | 10,825,141 | 9,621,076 | 8,176,000 | 6,077,282 | 4,428,702 | 4,298,867 | 3,813,683 | 3,617,879 | 2,759,101 |
| loans | 13,241 | 53,617 | 129,095 | ||||||||
| hp & lease commitments | 32,658 | 77,607 | 122,585 | ||||||||
| Accruals and Deferred Income | 475,605 | 555,632 | 362,768 | ||||||||
| other liabilities | |||||||||||
| provisions | 698,640 | 52,304 | 30,750 | 46,510 | |||||||
| total long term liabilities | 349,320 | 475,605 | 555,632 | 388,920 | 30,750 | 46,510 | 45,899 | 131,224 | 251,680 | ||
| total liabilities | 6,883,785 | 8,239,299 | 11,380,773 | 10,009,996 | 8,206,750 | 6,123,792 | 4,428,702 | 4,298,867 | 3,859,582 | 3,749,103 | 3,010,781 |
| net assets | 11,951,424 | 5,797,632 | 2,747,270 | 2,015,767 | 1,519,199 | 1,362,184 | 1,172,017 | 1,131,407 | 1,033,121 | 915,803 | 825,366 |
| total shareholders funds | 11,951,424 | 5,797,632 | 2,747,270 | 2,015,767 | 1,519,199 | 1,362,184 | 1,172,017 | 1,131,407 | 1,033,121 | 915,803 | 825,366 |
| Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 9,390,057 | 3,920,143 | 839,891 | 622,780 | 307,894 | 300,671 | 119,481 | 156,520 | 161,241 | 157,207 | 160,807 |
| Depreciation | 763,398 | 329,200 | 275,013 | 187,120 | 170,962 | 129,835 | 103,532 | 90,063 | 85,520 | 83,133 | 94,326 |
| Amortisation | 14,672 | 26,949 | 26,949 | 26,949 | 26,949 | 26,949 | 26,949 | 26,949 | |||
| Tax | -108,181 | -791,403 | -108,388 | -126,212 | -83,447 | -110,707 | -69,681 | -43,407 | -26,470 | -43,613 | -54,340 |
| Stock | -352,171 | 168,199 | 33,696 | 390,397 | 170,958 | 22,189 | -146,045 | -78,853 | 77,744 | 115,125 | 983,547 |
| Debtors | 7,277,056 | 1,414,226 | 282,895 | 579,407 | 477,953 | 466,010 | -44,427 | 74,731 | 446,156 | 518,475 | 1,745,613 |
| Creditors | -87,803 | 175,571 | 510,822 | 468,110 | 119,068 | 652,450 | 46,886 | 50,353 | 46,688 | 263,193 | 760,617 |
| Accruals and Deferred Income | -1,617,031 | -3,317,045 | 886,107 | 4,782,746 | 454,075 | 636,287 | 264,619 | 76,083 | 129,556 | 298,220 | 934,893 |
| Deferred Taxes & Provisions | 698,640 | -52,304 | 21,554 | -15,760 | 46,510 | ||||||
| Cash flow from operations | 2,128,867 | -1,265,959 | 2,034,550 | 4,986,294 | 330,830 | 1,193,796 | 682,258 | 360,683 | -100,416 | 151,489 | -805,908 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 1,642,995 | -10,000 | -1,100 | 11,100 | |||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -3,443,012 | 1,525,575 | 359,843 | -148,623 | 379,996 | 61,003 | 297,365 | 967,853 | |||
| Other Short Term Loans | |||||||||||
| Long term loans | -13,241 | -40,376 | -75,478 | 129,095 | |||||||
| Hire Purchase and Lease Commitments | -33,047 | -44,949 | -44,949 | -44,978 | 167,923 | ||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -48,420 | 491 | 1,219 | -9,190 | -14,827 | -17,453 | -18,439 | -17,577 | |||
| cash flow from financing | 871,916 | -78,378 | -3,443,012 | 1,458,143 | 361,062 | -190,860 | 306,979 | -41,775 | 158,470 | 1,983,770 | |
| cash and cash equivalents | |||||||||||
| cash | -4,294,337 | -1,632,877 | 1,557,712 | 1,224,014 | 1,645,293 | 1,287,723 | 350,272 | 594,261 | -324,713 | 253,646 | 509,257 |
| overdraft | -8,957 | -41,443 | 50,400 | ||||||||
| change in cash | -4,294,337 | -1,632,877 | 1,557,712 | 1,224,014 | 1,645,293 | 1,287,723 | 350,272 | 603,218 | -283,270 | 253,646 | 458,857 |
express vending limited Credit Report and Business Information
Express Vending Limited Competitor Analysis
Perform a competitor analysis for express vending limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in NW1 area or any other competitors across 12 key performance metrics.
express vending limited Ownership
EXPRESS VENDING LIMITED group structure
Express Vending Limited has 1 subsidiary company.
Ultimate parent company
SELECTA GROUP BV
#0103075
2 parents
EXPRESS VENDING LIMITED
02731971
1 subsidiary
express vending limited directors
Express Vending Limited currently has 2 directors. The longest serving directors include Mr Paul Hearne (Sep 2007) and Mr Toby Venus (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Hearne | England | 49 years | Sep 2007 | - | Director |
| Mr Toby Venus | England | 44 years | Apr 2021 | - | Director |
P&L
December 2019turnover
59.8m
+54%
operating profit
9.4m
+140%
gross margin
43.5%
+2.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
12m
+1.06%
total assets
18.8m
+0.34%
cash
1.2m
-0.79%
net assets
Total assets minus all liabilities
express vending limited company details
company number
02731971
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
July 1992
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
grainbond limited (August 1992)
accountant
-
auditor
MAZARS LLP
address
5 th floor, grove house, 248a, marylebone road, london, NW1 6BB
Bank
-
Legal Advisor
-
express vending 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 express vending limited. Currently there are 0 open charges and 4 have been satisfied in the past.
express vending 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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express vending limited Companies House Filings - See Documents
| date | description | view/download |
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