loscoe chilled foods limited
loscoe chilled foods limited Company Information
Group Structure
View All
Industry
Production of meat and poultry meat products
Registered Address
suite 5, 2nd floor, regent centre, gosforth, newcastle upon tyne, NE3 3LS
Website
www.loscoechilledfoods.comloscoe chilled foods limited Estimated Valuation
Pomanda estimates the enterprise value of LOSCOE CHILLED FOODS LIMITED at £9.6m based on a Turnover of £16.1m and 0.59x industry multiple (adjusted for size and gross margin).
loscoe chilled foods limited Estimated Valuation
Pomanda estimates the enterprise value of LOSCOE CHILLED FOODS LIMITED at £2.1m based on an EBITDA of £358.7k and a 5.87x industry multiple (adjusted for size and gross margin).
loscoe chilled foods limited Estimated Valuation
Pomanda estimates the enterprise value of LOSCOE CHILLED FOODS LIMITED at £1.4m based on Net Assets of £735.2k and 1.89x industry multiple (adjusted for liquidity).
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Loscoe Chilled Foods Limited Overview
Loscoe Chilled Foods Limited is a live company located in newcastle upon tyne, NE3 3LS with a Companies House number of 02744854. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in September 1992, it's largest shareholder is edward ryde & sons with a 100% stake. Loscoe Chilled Foods Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.1m with declining growth in recent years.
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Loscoe Chilled Foods Limited Health Check
Pomanda's financial health check has awarded Loscoe Chilled Foods Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £16.1m, make it smaller than the average company (£24.7m)
£16.1m - Loscoe Chilled Foods Limited
£24.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (-0.2%)
-5% - Loscoe Chilled Foods Limited
-0.2% - Industry AVG
Production
with a gross margin of 29.2%, this company has a lower cost of product (16.5%)
29.2% - Loscoe Chilled Foods Limited
16.5% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (3.1%)
0.3% - Loscoe Chilled Foods Limited
3.1% - Industry AVG
Employees
with 97 employees, this is similar to the industry average (118)
97 - Loscoe Chilled Foods Limited
118 - Industry AVG
Pay Structure
on an average salary of £24.1k, the company has an equivalent pay structure (£28.2k)
£24.1k - Loscoe Chilled Foods Limited
£28.2k - Industry AVG
Efficiency
resulting in sales per employee of £166.5k, this is less efficient (£207.7k)
£166.5k - Loscoe Chilled Foods Limited
£207.7k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (35 days)
63 days - Loscoe Chilled Foods Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (35 days)
35 days - Loscoe Chilled Foods Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is more than average (24 days)
30 days - Loscoe Chilled Foods Limited
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Loscoe Chilled Foods Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (52.3%)
84.2% - Loscoe Chilled Foods Limited
52.3% - Industry AVG
LOSCOE CHILLED FOODS LIMITED financials
Loscoe Chilled Foods Limited's latest turnover from March 2022 is £16.1 million and the company has net assets of £735.2 thousand. According to their latest financial statements, Loscoe Chilled Foods Limited has 97 employees and maintains cash reserves of £3.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,147,189 | 15,598,061 | 16,890,891 | 18,862,817 | 19,791,325 | 18,170,364 | 17,499,274 | 19,146,512 | 26,891,240 | 26,502,865 | 22,416,828 | 23,569,397 | 22,092,252 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 11,427,780 | 10,131,529 | 12,557,679 | 13,723,043 | 14,788,589 | 14,068,295 | 13,432,785 | 14,806,384 | 21,408,057 | 20,852,769 | 18,271,964 | 18,026,457 | 17,201,355 |
| Gross Profit | 4,719,409 | 5,466,532 | 4,333,212 | 5,139,774 | 5,002,736 | 4,102,069 | 4,066,489 | 4,340,128 | 5,483,183 | 5,650,096 | 4,144,864 | 5,542,940 | 4,890,897 |
| Admin Expenses | 4,678,943 | 5,268,272 | 4,439,035 | 4,960,906 | 4,859,320 | 5,009,358 | 4,004,327 | 4,383,313 | 5,388,384 | 5,243,898 | 5,101,396 | 5,040,124 | 4,372,612 |
| Operating Profit | 40,466 | 198,260 | -105,823 | 178,868 | 143,416 | -907,289 | 62,162 | -43,185 | 94,799 | 406,198 | -956,532 | 502,816 | 518,285 |
| Interest Payable | 11,050 | 12,525 | 12,156 | 7,087 | 1,739 | 1,674 | 4,117 | 3,021 | 388 | 42 | |||
| Interest Receivable | 845 | 715 | 780 | 845 | 586 | ||||||||
| Pre-Tax Profit | 30,261 | 186,450 | -117,199 | 172,626 | 142,263 | -908,963 | 58,045 | -46,206 | 94,799 | 405,810 | -956,574 | 502,816 | 518,285 |
| Tax | 71,716 | -111 | 18,388 | -10,046 | 8,604 | -18,431 | 2,476 | 183,619 | -141,450 | -136,284 | |||
| Profit After Tax | 30,261 | 258,166 | -117,199 | 172,515 | 142,263 | -890,575 | 47,999 | -37,602 | 76,368 | 408,286 | -772,955 | 361,366 | 382,001 |
| Dividends Paid | |||||||||||||
| Retained Profit | 30,261 | 258,166 | -117,199 | 172,515 | 142,263 | -890,575 | 47,999 | -37,602 | 76,368 | 408,286 | -772,955 | 361,366 | 382,001 |
| Employee Costs | 2,337,175 | 2,207,685 | 3,137,491 | 3,209,847 | 3,199,515 | 3,042,607 | 2,815,165 | 3,250,040 | 4,138,838 | 4,085,494 | 3,676,829 | 3,481,330 | 3,438,994 |
| Number Of Employees | 97 | 114 | 133 | 134 | 141 | 151 | 151 | 182 | 250 | 241 | 231 | 228 | 225 |
| EBITDA* | 358,677 | 717,881 | 440,982 | 555,672 | 446,832 | -616,216 | 339,207 | 249,269 | 442,579 | 773,007 | -613,744 | 833,043 | 793,181 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 604,413 | 859,583 | 1,384,415 | 1,654,840 | 1,041,200 | 975,164 | 1,007,058 | 953,904 | 1,196,582 | 1,260,280 | 1,154,949 | 1,164,228 | 1,025,544 |
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 13,197 | 14,483 | |||||||||||
| Total Fixed Assets | 604,413 | 859,583 | 1,397,612 | 1,669,323 | 1,041,200 | 975,164 | 1,007,058 | 953,904 | 1,196,582 | 1,260,280 | 1,154,949 | 1,164,228 | 1,025,544 |
| Stock & work in progress | 947,836 | 935,061 | 866,093 | 1,302,797 | 1,251,394 | 1,602,638 | 1,958,978 | 2,001,660 | 1,687,018 | 1,535,416 | 2,361,947 | 1,493,840 | 1,439,735 |
| Trade Debtors | 2,821,032 | 2,346,939 | 2,302,578 | 2,970,993 | 3,100,912 | 2,419,907 | 2,400,003 | 3,278,421 | 5,368,910 | 5,985,161 | 4,975,191 | 3,981,513 | 3,540,959 |
| Group Debtors | 312,690 | 274,688 | |||||||||||
| Misc Debtors | 286,704 | 305,693 | 191,311 | 228,492 | 256,155 | 198,836 | 194,695 | 208,223 | 255,923 | 272,061 | 428,264 | 239,735 | 215,859 |
| Cash | 3,452 | 90,184 | 13,677 | 20,316 | 1,295 | 1,080 | 1,740 | 5,342 | 1,208,870 | 471,443 | |||
| misc current assets | |||||||||||||
| total current assets | 4,059,024 | 3,677,877 | 3,373,659 | 4,835,288 | 4,609,756 | 4,222,461 | 4,828,364 | 5,490,044 | 7,311,851 | 7,792,638 | 7,770,744 | 6,923,958 | 5,667,996 |
| total assets | 4,663,437 | 4,537,460 | 4,771,271 | 6,504,611 | 5,650,956 | 5,197,625 | 5,835,422 | 6,443,948 | 8,508,433 | 9,052,918 | 8,925,693 | 8,088,186 | 6,693,540 |
| Bank overdraft | 43,851 | 21,287 | 252,896 | 32,071 | 39,196 | 1,685,421 | 2,774,338 | 1,407,413 | |||||
| Bank loan | 17,188 | ||||||||||||
| Trade Creditors | 1,113,478 | 1,040,027 | 1,635,851 | 2,312,981 | 1,975,180 | 2,077,143 | 2,072,741 | 2,005,939 | 1,334,505 | 1,636,778 | 1,894,137 | 1,723,037 | 1,154,013 |
| Group/Directors Accounts | 2,007,393 | 2,301,856 | 1,779,649 | 2,539,454 | 2,630,095 | 2,516,070 | 2,464,059 | 864,678 | 2,036,605 | 1,288,984 | 2,699,310 | 2,467,076 | 1,864,797 |
| other short term finances | 369,154 | 402,462 | 708,711 | 650,000 | 9,856 | ||||||||
| hp & lease commitments | 17,033 | 26,248 | 58,981 | 82,150 | 30,176 | 6,000 | 24,776 | 44,762 | |||||
| other current liabilities | 353,591 | 61,944 | 85,957 | 241,735 | 59,341 | 82,153 | 76,610 | 291,961 | 219,247 | 213,477 | 193,778 | 347,588 | 488,179 |
| total current liabilities | 3,904,500 | 3,832,537 | 4,269,149 | 5,826,320 | 4,733,267 | 4,944,118 | 4,670,257 | 3,246,536 | 5,275,778 | 5,913,577 | 6,194,638 | 4,537,701 | 3,506,989 |
| loans | 4,329 | 1,839,211 | 1,839,211 | 1,839,211 | 1,839,211 | 1,839,211 | 1,839,211 | ||||||
| hp & lease commitments | 23,753 | 55,365 | 114,335 | 7,024 | 10,963 | ||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 526,248 | ||||||||||||
| provisions | 18,388 | 8,342 | 16,946 | 46,475 | 43,907 | ||||||||
| total long term liabilities | 23,753 | 55,365 | 114,335 | 526,248 | 4,329 | 25,412 | 1,858,516 | 1,856,157 | 1,839,211 | 1,839,211 | 1,885,686 | 1,883,118 | |
| total liabilities | 3,928,253 | 3,832,537 | 4,324,514 | 5,940,655 | 5,259,515 | 4,948,447 | 4,695,669 | 5,105,052 | 7,131,935 | 7,752,788 | 8,033,849 | 6,423,387 | 5,390,107 |
| net assets | 735,184 | 704,923 | 446,757 | 563,956 | 391,441 | 249,178 | 1,139,753 | 1,338,896 | 1,376,498 | 1,300,130 | 891,844 | 1,664,799 | 1,303,433 |
| total shareholders funds | 735,184 | 704,923 | 446,757 | 563,956 | 391,441 | 249,178 | 1,139,753 | 1,338,896 | 1,376,498 | 1,300,130 | 891,844 | 1,664,799 | 1,303,433 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 40,466 | 198,260 | -105,823 | 178,868 | 143,416 | -907,289 | 62,162 | -43,185 | 94,799 | 406,198 | -956,532 | 502,816 | 518,285 |
| Depreciation | 318,211 | 519,621 | 546,805 | 376,804 | 303,416 | 291,073 | 277,045 | 292,454 | 347,780 | 366,809 | 342,788 | 330,227 | 274,896 |
| Amortisation | |||||||||||||
| Tax | 71,716 | -111 | 18,388 | -10,046 | 8,604 | -18,431 | 2,476 | 183,619 | -141,450 | -136,284 | |||
| Stock | 12,775 | 68,968 | -436,704 | 51,403 | -351,244 | -356,340 | -42,682 | 314,642 | 151,602 | -826,531 | 868,107 | 54,105 | 1,439,735 |
| Debtors | 455,104 | 145,546 | -1,019,572 | 169,591 | 738,324 | -250,643 | -617,258 | -2,138,189 | -632,389 | 853,767 | 1,182,207 | 464,430 | 3,756,818 |
| Creditors | 73,451 | -595,824 | -677,130 | 337,801 | -101,963 | 4,402 | 66,802 | 671,434 | -302,273 | -257,359 | 171,100 | 569,024 | 1,154,013 |
| Accruals and Deferred Income | 291,647 | -24,013 | -155,778 | 182,394 | -22,812 | 5,543 | -215,351 | 72,714 | 5,770 | 19,699 | -153,810 | -140,591 | 488,179 |
| Deferred Taxes & Provisions | -18,388 | 10,046 | -8,604 | 16,946 | -46,475 | 2,568 | 43,907 | ||||||
| Cash flow from operations | 255,896 | -44,754 | 1,064,350 | 854,762 | -65,023 | 712 | 850,598 | 2,816,964 | 625,378 | 510,587 | -2,509,624 | 604,059 | -2,853,557 |
| Investing Activities | |||||||||||||
| capital expenditure | -783,581 | -380,454 | -271,135 | -351,997 | -166,837 | -293,644 | -469,620 | -317,174 | -473,808 | -374,285 | |||
| Change in Investments | |||||||||||||
| cash flow from investments | -783,581 | -380,454 | -271,135 | -351,997 | -166,837 | -293,644 | -469,620 | -317,174 | -473,808 | -374,285 | |||
| Financing Activities | |||||||||||||
| Bank loans | -17,188 | 17,188 | |||||||||||
| Group/Directors Accounts | -294,463 | 522,207 | -759,805 | -90,641 | 114,025 | 52,011 | 1,599,381 | -1,171,927 | 747,621 | -1,410,326 | 232,234 | 602,279 | 1,864,797 |
| Other Short Term Loans | -33,308 | -306,249 | 58,711 | 650,000 | -9,856 | 9,856 | |||||||
| Long term loans | -4,329 | 4,329 | -1,839,211 | 1,839,211 | |||||||||
| Hire Purchase and Lease Commitments | 14,538 | -88,098 | -82,139 | 166,309 | 24,176 | -25,800 | -23,925 | 55,725 | |||||
| other long term liabilities | -526,248 | 526,248 | |||||||||||
| share issue | |||||||||||||
| interest | -10,205 | -11,810 | -11,376 | -6,242 | -1,153 | -1,674 | -4,117 | -3,021 | -388 | -42 | |||
| cash flow from financing | -323,438 | 116,050 | -794,609 | 175,990 | 666,299 | 38,722 | -515,014 | -1,119,223 | 747,621 | -1,410,714 | 232,192 | 602,279 | 4,625,440 |
| cash and cash equivalents | |||||||||||||
| cash | -86,732 | 76,507 | -6,639 | 19,021 | 215 | 1,080 | -1,740 | 1,740 | -5,342 | -1,203,528 | 737,427 | 471,443 | |
| overdraft | 43,851 | -21,287 | -231,609 | 220,825 | -7,125 | -1,646,225 | -1,088,917 | 1,366,925 | 1,407,413 | ||||
| change in cash | -130,583 | 76,507 | -6,639 | 40,308 | 231,824 | -219,745 | 5,385 | 1,647,965 | 1,088,917 | -1,372,267 | -2,610,941 | 737,427 | 471,443 |
loscoe chilled foods limited Credit Report and Business Information
Loscoe Chilled Foods Limited Competitor Analysis
Perform a competitor analysis for loscoe chilled foods limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NE3 area or any other competitors across 12 key performance metrics.
loscoe chilled foods limited Ownership
LOSCOE CHILLED FOODS LIMITED group structure
Loscoe Chilled Foods Limited has no subsidiary companies.
Ultimate parent company
DAPER HOLDINGS
#0022253
2 parents
LOSCOE CHILLED FOODS LIMITED
02744854
loscoe chilled foods limited directors
Loscoe Chilled Foods Limited currently has 1 director, Mr Daniel Ryde serving since Sep 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Ryde | 48 years | Sep 2020 | - | Director |
P&L
March 2022turnover
16.1m
+4%
operating profit
40.5k
-80%
gross margin
29.3%
-16.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
735.2k
+0.04%
total assets
4.7m
+0.03%
cash
3.5k
-0.96%
net assets
Total assets minus all liabilities
loscoe chilled foods limited company details
company number
02744854
Type
Private limited with Share Capital
industry
10130 - Production of meat and poultry meat products
incorporation date
September 1992
age
33
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2022
previous names
speed 2956 limited (October 1992)
accountant
-
auditor
PKF SMITH COOPER AUDIT LTD
address
suite 5, 2nd floor, regent centre, gosforth, newcastle upon tyne, NE3 3LS
Bank
CO-OPERATIVE BANK PLC
Legal Advisor
-
loscoe chilled 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 3 charges/mortgages relating to loscoe chilled foods limited. Currently there are 2 open charges and 1 have been satisfied in the past.
loscoe chilled 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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loscoe chilled foods limited Companies House Filings - See Documents
| date | description | view/download |
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