boxford (suffolk) farms limited

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boxford (suffolk) farms limited Company Information

Share BOXFORD (SUFFOLK) FARMS LIMITED

Company Number

02793104

Shareholders

boxford (suffolk) holdings ltd

Group Structure

View All

Industry

Growing of pome fruits and stone fruits

 

Registered Address

the stoke by nayland club, keepers lane leavenheath, colchester, essex, CO6 4PZ

boxford (suffolk) farms limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of BOXFORD (SUFFOLK) FARMS LIMITED at £6.5m based on a Turnover of £14m and 0.47x industry multiple (adjusted for size and gross margin).

boxford (suffolk) farms limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of BOXFORD (SUFFOLK) FARMS LIMITED at £5.7m based on an EBITDA of £1.5m and a 3.84x industry multiple (adjusted for size and gross margin).

boxford (suffolk) farms limited Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of BOXFORD (SUFFOLK) FARMS LIMITED at £4.9m based on Net Assets of £3.7m and 1.32x industry multiple (adjusted for liquidity).

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Boxford (suffolk) Farms Limited Overview

Boxford (suffolk) Farms Limited is a live company located in colchester, CO6 4PZ with a Companies House number of 02793104. It operates in the growing of pome fruits and stone fruits sector, SIC Code 01240. Founded in February 1993, it's largest shareholder is boxford (suffolk) holdings ltd with a 100% stake. Boxford (suffolk) Farms Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14m with healthy growth in recent years.

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Boxford (suffolk) Farms Limited Health Check

Pomanda's financial health check has awarded Boxford (Suffolk) Farms Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

6 Weak

size

Size

annual sales of £14m, make it in line with the average company (£12.5m)

£14m - Boxford (suffolk) Farms Limited

£12.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.4%)

6% - Boxford (suffolk) Farms Limited

9.4% - Industry AVG

production

Production

with a gross margin of 8.7%, this company has a higher cost of product (13.8%)

8.7% - Boxford (suffolk) Farms Limited

13.8% - Industry AVG

profitability

Profitability

an operating margin of 4.8% make it more profitable than the average company (3.9%)

4.8% - Boxford (suffolk) Farms Limited

3.9% - Industry AVG

employees

Employees

with 138 employees, this is similar to the industry average (128)

138 - Boxford (suffolk) Farms Limited

128 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.2k, the company has an equivalent pay structure (£29.8k)

£26.2k - Boxford (suffolk) Farms Limited

£29.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £101.5k, this is less efficient (£123.4k)

£101.5k - Boxford (suffolk) Farms Limited

£123.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is near the average (24 days)

24 days - Boxford (suffolk) Farms Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (14 days)

9 days - Boxford (suffolk) Farms Limited

14 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 71 days, this is more than average (31 days)

71 days - Boxford (suffolk) Farms Limited

31 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is more cash available to meet short term requirements (6 weeks)

8 weeks - Boxford (suffolk) Farms Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 83.7%, this is a higher level of debt than the average (53.9%)

83.7% - Boxford (suffolk) Farms Limited

53.9% - Industry AVG

BOXFORD (SUFFOLK) FARMS LIMITED financials

EXPORTms excel logo

Boxford (Suffolk) Farms Limited's latest turnover from March 2024 is £14 million and the company has net assets of £3.7 million. According to their latest financial statements, Boxford (Suffolk) Farms Limited has 138 employees and maintains cash reserves of £106.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover14,007,81712,545,42310,144,45811,764,05810,636,7478,980,8188,700,6376,347,0885,555,2714,543,2333,857,4083,569,8563,622,5413,442,3612,016,562
Other Income Or Grants000000000000000
Cost Of Sales12,793,42412,154,0399,707,16910,346,5269,360,7308,070,1907,551,9185,767,1445,007,4164,141,9743,632,1903,224,8903,312,2663,220,2382,045,835
Gross Profit1,214,393391,384437,2891,417,5321,276,017910,6281,148,719579,944547,855401,259225,218344,966310,275222,123-29,273
Admin Expenses549,405116,807397,534770,723593,249752,092555,547276,743392,090293,351-196,829-131,167239,427127,563-113,774
Operating Profit664,988274,57739,755646,809682,768158,536593,172303,201155,765107,908422,047476,13370,84894,56084,501
Interest Payable205,43788,49311,476000000000000
Interest Receivable000000000000000
Pre-Tax Profit459,551186,08428,279638,915682,768158,536793,173303,201451,304107,90819,33689,16670,84894,56084,501
Tax171,646-204,189-346,490258,76076,39861,996000000000
Profit After Tax631,197-18,105-318,211897,675759,166220,532793,173303,201451,304107,90819,33689,16670,84894,56084,501
Dividends Paid00000350,000200,0000300,000000000
Retained Profit631,197-18,105-318,211897,675759,166-129,468593,173303,201151,304107,90819,33689,16670,84894,56084,501
Employee Costs3,614,6364,597,5184,149,9563,495,6813,166,5222,754,3042,754,3042,163,3101,730,8881,567,8131,394,5411,261,4591,264,9981,134,067827,400
Number Of Employees138134122125117117159124106998972596055
EBITDA*1,472,9251,096,0921,021,1521,591,1401,623,297842,3771,384,8321,044,065731,992457,378773,863820,021385,632302,091264,263

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets16,184,22116,541,59214,532,95313,648,08814,232,60513,579,12010,765,10310,339,2649,764,2068,839,8814,702,7893,640,6243,833,0773,598,8002,291,590
Intangible Assets000000000000000
Investments & Other1,759,1761,759,1761,809,8401,759,1761,767,0701,829,0661,767,0701,767,0701,767,0701,767,0701,767,0701,767,0701,767,0701,767,0701,767,070
Debtors (Due After 1 year)000000000000000
Total Fixed Assets17,943,39718,300,76816,342,79315,407,26415,999,67515,408,18612,532,17312,106,33411,531,27610,606,9516,469,8595,407,6945,600,1475,365,8704,058,660
Stock & work in progress2,502,0392,890,1523,508,7352,241,1041,908,0811,727,5371,480,8831,202,7831,006,255752,331622,962474,412384,436378,557291,656
Trade Debtors953,452416,663359,023499,953352,888235,530223,357390,641342,741244,474292,77499,213228,360221,360205,507
Group Debtors00250,00000117,592322,912439,218585,690708,209528,592778,301462,586425,892403,050
Misc Debtors1,313,9681,301,8211,304,1441,432,6471,158,8491,051,684699,976377,908377,624342,120352,251261,56156,37498,4998,387
Cash106,338124,266335,556312,778264,200397,839274,63601,631000000
misc current assets000000000000000
total current assets4,875,7974,732,9025,757,4584,486,4823,684,0183,530,1823,001,7642,410,5502,313,9412,047,1341,796,5791,613,4871,131,7561,124,308908,600
total assets22,819,19423,033,67022,100,25119,893,74619,683,69318,938,36815,533,93714,516,88413,845,21712,654,0858,266,4387,021,1816,731,9036,490,1784,967,260
Bank overdraft71,345355,725521,7970684,0967,383,6394,007,1634,008,1143,869,8225,067,45900000
Bank loan0048,55440,80500000000000
Trade Creditors 327,794205,7261,059,325244,201525,805635,712734,686598,330400,771351,468331,344104,26574,273179,135253,775
Group/Directors Accounts0000020,03476,84500000000
other short term finances000000000000000
hp & lease commitments070657,56370,115196,46474,572000000000
other current liabilities275,650404,995304,564226,804254,465410,760318,807290,495280,556247,63190,794119,417134,02067,46251,788
total current liabilities674,789967,1521,991,803581,9251,660,8308,524,7175,137,5014,896,9394,551,1495,666,558422,138223,682208,293246,597305,563
loans17,114,34417,377,24915,855,68314,619,00814,161,0377,731,6107,766,0847,447,9867,363,4285,303,7936,587,4185,625,9835,414,3165,267,7934,202,798
hp & lease commitments00027,57500000000000
Accruals and Deferred Income974,5301,068,7891,155,2081,249,4701,343,733923,1140606,957653,559700,16100484,987422,3290
other liabilities000000135,000269,780285,060142,85600000
provisions344,882541,0280000000000000
total long term liabilities18,433,75618,987,06617,010,89115,896,05315,504,7708,654,7247,901,0848,324,7238,302,0476,146,8106,587,4185,625,9835,899,3035,690,1224,202,798
total liabilities19,108,54519,954,21819,002,69416,477,97817,165,60017,179,44113,038,58513,221,66212,853,19611,813,3687,009,5565,849,6656,107,5965,936,7194,508,361
net assets3,710,6493,079,4523,097,5573,415,7682,518,0931,758,9272,495,3521,295,222992,021840,7171,256,8821,171,516624,307553,459458,899
total shareholders funds3,710,6493,079,4523,097,5573,415,7682,518,0931,758,9272,495,3521,295,222992,021840,7171,256,8821,171,516624,307553,459458,899
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit664,988274,57739,755646,809682,768158,536593,172303,201155,765107,908422,047476,13370,84894,56084,501
Depreciation807,937821,515981,397944,331940,529683,841791,660740,864576,227349,470351,816343,888314,784207,531179,762
Amortisation000000000000000
Tax171,646-204,189-346,490258,76076,39861,996000000000
Stock-388,113-618,5831,267,631333,023180,544246,654278,100196,528253,924129,369148,55089,9765,87986,901291,656
Debtors548,936-194,683-19,433420,863106,931158,56138,478-98,28811,252121,18634,542391,7551,569128,807616,944
Creditors122,068-853,599815,124-281,604-109,907-98,974136,356197,55949,30320,124227,07929,992-104,862-74,640253,775
Accruals and Deferred Income-223,60414,012-16,502-121,924264,3241,015,067-578,645-36,663-13,677856,998-28,623-499,590129,216438,00351,788
Deferred Taxes & Provisions-196,146541,0280000000000000
Cash flow from operations1,186,0661,406,610225,086692,4861,566,6371,415,251625,9651,106,721502,4421,083,945789,227-131,308402,538449,746-338,774
Investing Activities
capital expenditure-450,566-2,830,154-1,866,262-359,814-1,594,014-3,497,858-1,217,499-1,315,922-1,500,552-4,486,562-1,413,981-151,435-549,061-1,514,741-2,471,352
Change in Investments0-50,66450,664-7,894-61,99661,996000000001,767,070
cash flow from investments-450,566-2,779,490-1,916,926-351,920-1,532,018-3,559,854-1,217,499-1,315,922-1,500,552-4,486,562-1,413,981-151,435-549,061-1,514,741-4,238,422
Financing Activities
Bank loans0-48,5547,74940,80500000000000
Group/Directors Accounts0000-20,034-56,81176,84500000000
Other Short Term Loans 000000000000000
Long term loans-262,9051,521,5661,236,675457,9716,429,427-34,474318,09884,5582,059,635-1,283,625961,435211,667146,5231,064,9954,202,798
Hire Purchase and Lease Commitments-706-56,857-40,127-98,774121,89274,572000000000
other long term liabilities00000-135,000-134,780-15,280142,204142,85600000
share issue00000-606,957606,95700-524,07366,030458,04300374,398
interest-205,437-88,493-11,476000000000000
cash flow from financing-469,0481,327,6621,192,821400,0026,531,285-758,670867,12069,2782,201,839-1,664,8421,027,465669,710146,5231,064,9954,577,196
cash and cash equivalents
cash-17,928-211,29022,77848,578-133,639123,203274,636-1,6311,631000000
overdraft-284,380-166,072521,797-684,096-6,699,5433,376,476-951138,292-1,197,6375,067,45900000
change in cash266,452-45,218-499,019732,6746,565,904-3,253,273275,587-139,9231,199,268-5,067,45900000

boxford (suffolk) farms limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Boxford (suffolk) Farms Limited Competitor Analysis

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Perform a competitor analysis for boxford (suffolk) farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in CO6 area or any other competitors across 12 key performance metrics.

boxford (suffolk) farms limited Ownership

BOXFORD (SUFFOLK) FARMS LIMITED group structure

Boxford (Suffolk) Farms Limited has 1 subsidiary company.

Ultimate parent company

2 parents

BOXFORD (SUFFOLK) FARMS LIMITED

02793104

1 subsidiary

BOXFORD (SUFFOLK) FARMS LIMITED Shareholders

boxford (suffolk) holdings ltd 100%

boxford (suffolk) farms limited directors

Boxford (Suffolk) Farms Limited currently has 5 directors. The longest serving directors include Mr Jonathan Loshak (Feb 1993) and Mrs Susanna Rendall (Feb 1993).

officercountryagestartendrole
Mr Jonathan LoshakEngland80 years Feb 1993- Director
Mrs Susanna RendallEngland70 years Feb 1993- Director
Mr Robert Rendall47 years Apr 2005- Director
Mrs Carmella Meyer67 years Apr 2005- Director
Mr Robert EnglandEngland59 years Jun 2009- Director

P&L

March 2024

turnover

14m

+12%

operating profit

665k

+142%

gross margin

8.7%

+177.89%

turnover

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

Balance Sheet

March 2024

net assets

3.7m

+0.2%

total assets

22.8m

-0.01%

cash

106.3k

-0.14%

net assets

Total assets minus all liabilities

boxford (suffolk) farms limited company details

company number

02793104

Type

Private limited with Share Capital

industry

01240 - Growing of pome fruits and stone fruits

incorporation date

February 1993

age

32

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

the stoke by nayland club, keepers lane leavenheath, colchester, essex, CO6 4PZ

Bank

HSBC BANK PLC

Legal Advisor

-

boxford (suffolk) 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 11 charges/mortgages relating to boxford (suffolk) farms limited. Currently there are 8 open charges and 3 have been satisfied in the past.

boxford (suffolk) 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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boxford (suffolk) farms limited Companies House Filings - See Documents

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