Simply Food Solutions Limited

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simply food solutions limited Company Information

Company Number

02833046

Next Accounts

Mar 2026

Directors

Yaqoob Ishaq

Andrew Selley

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Shareholders

tex mod holdings limited

Group Structure

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Industry

Manufacture of prepared meals and dishes

Registered Address

814 leigh road, slough, SL1 4BD

Website

www.simplypuree.co.uk

simply food solutions limited Estimated Valuation

£27.2m

Pomanda estimates the enterprise value of SIMPLY FOOD SOLUTIONS LIMITED at £27.2m based on Net Assets of £14m and 1.94x industry multiple (adjusted for liquidity).

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Simply Food Solutions Limited is a live company located in slough, SL1 4BD with a Companies House number of 02833046. It operates in the manufacture of prepared meals and dishes sector, SIC Code 10850. Founded in July 1993, it's largest shareholder is tex mod holdings limited with a 100% stake. Simply Food Solutions Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.1m with low growth in recent years.

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Pomanda's financial health check has awarded Simply Food Solutions Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £11.1m, make it smaller than the average company (£21.9m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.9%)

EXPORT

Simply Food Solutions Limited's latest turnover from June 2024 is £11.1 million and the company has net assets of £14 million. According to their latest financial statements, Simply Food Solutions Limited has 166 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	11,069,778	17,366,153	14,388,082	11,033,072	10,096,215	7,496,355	7,684,128	6,991,652	6,488,245	5,540,473	4,492,480	3,788,029	3,042,534	3,720,089	3,912,186
Other Income Or Grants
Cost Of Sales	8,785,262	11,865,053	9,195,735	6,887,616	5,855,072	4,626,846	4,488,166	4,132,449	3,904,330	3,336,240	2,742,310	2,349,597	2,308,367	2,873,362	2,950,998
Gross Profit	2,284,516	5,501,100	5,192,347	4,145,456	4,241,143	2,869,509	3,195,962	2,859,203	2,583,915	2,204,233	1,750,170	1,438,432	734,166	846,727	961,188
Admin Expenses	2,752,238	3,900,886	2,926,339	2,236,591	2,444,016	1,320,936	1,444,522	1,247,933	1,107,956	960,016	883,862	711,551	310,426	474,624	655,213	-2,817,284
Operating Profit	-467,722	1,600,214	2,266,008	1,908,865	1,797,127	1,548,573	1,751,440	1,611,270	1,475,959	1,244,217	866,308	726,881	423,740	372,103	305,975	2,817,284
Interest Payable					75	346	781	158	34			7,036
Interest Receivable			65	770	4,040	10,557	17,909	8,051	7,843	8,733	10,864	18,686	4,989	5,162	4,507	1,836
Pre-Tax Profit	-329,172	1,733,775	2,266,073	1,909,635	1,801,092	1,558,784	1,500,712	1,619,163	1,483,768	1,252,950	877,172	745,567	428,729	377,265	310,482	2,819,121
Tax	82,293	-372,109	-393,740	-417,607	-357,934	-306,167	-286,297	-270,175	-237,556	-87,895	-328,956	-155,094	-102,895	-98,089	-86,935	-789,354
Profit After Tax	-246,879	1,361,666	1,872,333	1,492,028	1,443,158	1,252,617	1,214,415	1,348,988	1,246,212	1,165,055	548,216	590,473	325,834	279,176	223,547	2,029,767
Dividends Paid	500,000					1,480,000	100,000	155,000	155,000	120,000	50,000	58,000
Retained Profit	-746,879	1,361,666	1,872,333	1,492,028	1,443,158	-227,383	1,114,415	1,193,988	1,091,212	1,045,055	498,216	532,473	325,834	279,176	223,547	2,029,767
Employee Costs	4,087,355	3,793,119	3,165,629	2,570,119	2,436,947	1,534,826	1,446,047	1,417,767	1,323,015	1,237,884	128,407	102,588	703,103	822,122	1,040,028
Number Of Employees	166	155	149	129	135	117	96	96	96	83	48	41	33	41	48
EBITDA*	-108,367	1,918,331	2,606,475	2,208,364	2,215,005	1,738,677	2,020,433	1,897,604	1,728,573	1,442,987	1,013,445	876,485	562,533	491,492	414,562	2,918,899

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	2,814,572	2,899,488	2,796,177	2,698,825	2,634,443	2,517,039	2,747,202	2,439,563	2,235,149	1,979,652	1,701,629	1,650,573	1,274,281	1,081,886	842,529	786,293
Intangible Assets
Investments & Other							730,000	997,856	997,856	997,856	997,856	997,856	997,856	997,856	997,856	997,856
Debtors (Due After 1 year)
Total Fixed Assets	2,814,572	2,899,488	2,796,177	2,698,825	2,634,443	2,517,039	3,477,202	3,437,419	3,233,005	2,977,508	2,699,485	2,648,429	2,272,137	2,079,742	1,840,385	1,784,149
Stock & work in progress	2,054,253	1,244,283	1,358,306	1,132,468	990,984	700,233	628,294	540,965	498,354	182,222	147,483	85,780	81,562	77,556	77,128	75,087
Trade Debtors	1,755,255	2,184,417	1,826,193	1,289,600	870,656	1,401,393	1,141,751	1,101,263	682,907	640,903	796,668	425,317	392,110	403,579	396,443	400,525
Group Debtors	4,169,647	4,210,584	5,080,970	4,014,926	3,747,002	3,866,402
Misc Debtors	1,740,164	710,246	357,794	159,695	238,100	184,871	81,251	84,120	84,085	65,953	51,804	53,825
Cash	3,088,895	5,324,155	3,289,476	3,168,775	2,188,184	1,560,153	4,672,157	3,305,495	2,656,070	2,072,631	1,090,102	1,022,143	998,748	996,810	1,068,094	734,551
misc current assets
total current assets	12,808,214	13,673,685	11,912,739	9,765,464	8,034,926	7,713,052	6,523,453	5,031,843	3,921,416	2,961,709	2,086,057	1,587,065	1,472,420	1,477,945	1,541,665	1,210,163
total assets	15,622,786	16,573,173	14,708,916	12,464,289	10,669,369	10,230,091	10,000,655	8,469,262	7,154,421	5,939,217	4,785,542	4,235,494	3,744,557	3,557,687	3,382,050	2,994,312
Bank overdraft									117,928	178,542	143,735	215,284
Bank loan										1,064		1,222
Trade Creditors	548,723	1,083,842	739,093	453,715	234,262	559,311	409,402	405,079	267,752	241,166	172,628	251,974	755,852	889,456	986,688	815,077
Group/Directors Accounts						8,331
other short term finances							7,611	1,170	1,548		2,364
hp & lease commitments
other current liabilities	771,665	440,056	321,758	315,071	234,669	861,555	483,764	473,686	381,477	223,547	291,825	250,393
total current liabilities	1,320,388	1,523,898	1,060,851	768,786	468,931	1,429,197	900,777	879,935	768,705	644,319	610,552	718,873	755,852	889,456	986,688	815,077
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities									26,695			25,822	30,379	35,739	42,046	49,466
provisions	306,137	306,135	266,591	186,362	163,601	207,309	197,260	192,690	179,063	174,746	109,351
total long term liabilities	306,137	306,135	266,591	186,362	163,601	207,309	197,260	192,690	205,758	174,746	109,351	25,822	30,379	35,739	42,046	49,466
total liabilities	1,626,525	1,830,033	1,327,442	955,148	632,532	1,636,506	1,098,037	1,072,625	974,463	819,065	719,903	744,695	786,231	925,195	1,028,734	864,543
net assets	13,996,261	14,743,140	13,381,474	11,509,141	10,036,837	8,593,585	8,902,618	7,396,637	6,179,958	5,120,152	4,065,639	3,490,799	2,958,326	2,632,492	2,353,316	2,129,769
total shareholders funds	13,996,261	14,743,140	13,381,474	11,509,141	10,036,837	8,593,585	8,902,618	7,396,637	6,179,958	5,120,152	4,065,639	3,490,799	2,958,326	2,632,492	2,353,316	2,129,769

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-467,722	1,600,214	2,266,008	1,908,865	1,797,127	1,548,573	1,751,440	1,611,270	1,475,959	1,244,217	866,308	726,881	423,740	372,103	305,975	2,817,284
Depreciation	359,355	318,117	340,467	299,499	417,878	190,104	268,993	286,334	252,614	198,770	147,137	149,604	138,793	119,389	108,587	101,615
Amortisation
Tax	82,293	-372,109	-393,740	-417,607	-357,934	-306,167	-286,297	-270,175	-237,556	-87,895	-328,956	-155,094	-102,895	-98,089	-86,935	-789,354
Stock	809,970	-114,023	225,838	141,484	290,751	71,939	87,329	42,611	316,132	34,739	61,703	4,218	4,006	428	2,041	75,087
Debtors	559,819	-159,710	1,800,736	608,463	-596,908	4,229,664	37,619	418,391	60,136	-141,616	369,330	87,032	-11,469	7,136	-4,082	400,525
Creditors	-535,119	344,749	285,378	219,453	-325,049	149,909	4,323	137,327	26,586	68,538	-79,346	-503,878	-133,604	-97,232	171,611	815,077
Accruals and Deferred Income	331,609	118,298	6,687	80,402	-626,886	377,791	10,078	92,209	157,930	-68,278	41,432	250,393
Deferred Taxes & Provisions	2	39,544	80,229	22,761	-43,708	10,049	4,570	13,627	4,317	65,395	109,351
Cash flow from operations	-1,599,371	2,322,546	558,455	1,363,426	1,167,585	-2,331,344	1,628,159	1,409,590	1,303,582	1,527,624	324,893	376,656	333,497	288,607	501,279	2,469,010
Investing Activities
capital expenditure	-274,439	-421,428	-437,819	-363,881	-535,282	40,059	-181,662	-490,748	-508,111	-476,793	-198,193	-525,896	-331,188	-358,746	-164,823	-887,908
Change in Investments						-730,000	-267,856									997,856
cash flow from investments	-274,439	-421,428	-437,819	-363,881	-535,282	770,059	86,194	-490,748	-508,111	-476,793	-198,193	-525,896	-331,188	-358,746	-164,823	-1,885,764
Financing Activities
Bank loans									-1,064	1,064	-1,222	1,222
Group/Directors Accounts					-8,331	8,331
Other Short Term Loans						-7,611	6,441	-378	1,548	-2,364	2,364
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities								-26,695	26,695		-25,822	-4,557	-5,360	-6,307	-7,420	49,466
share issue				-19,724	94	-81,650	391,566	22,691	-31,406	9,458	76,624					100,002
interest			65	770	3,965	10,211	17,128	7,893	7,809	8,733	10,864	11,650	4,989	5,162	4,507	1,836
cash flow from financing			65	-18,954	-4,272	-70,719	415,135	3,511	3,582	16,891	62,808	8,315	-371	-1,145	-2,913	151,304
cash and cash equivalents
cash	-2,235,260	2,034,679	120,701	980,591	628,031	-3,112,004	1,366,662	649,425	583,439	982,529	67,959	23,395	1,938	-71,284	333,543	734,551
overdraft								-117,928	-60,614	34,807	-71,549	215,284
change in cash	-2,235,260	2,034,679	120,701	980,591	628,031	-3,112,004	1,366,662	767,353	644,053	947,722	139,508	-191,889	1,938	-71,284	333,543	734,551

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SIMPLY FOOD SOLUTIONS LIMITED group structure

Simply Food Solutions Limited has no subsidiary companies.

Ultimate parent company

BID CORPORATION LTD

#0101116

TEXMOD HOLDINGS LIMITED

11801670

2 parents

SIMPLY FOOD SOLUTIONS LIMITED

02833046

SIMPLY FOOD SOLUTIONS LIMITED Shareholders

tex mod holdings limited

100%

Simply Food Solutions Limited currently has 5 directors. The longest serving directors include Mr Yaqoob Ishaq (Apr 2016) and Mr Andrew Selley (Feb 2019).

officer	country	age	start	end	role
Mr Yaqoob Ishaq	United Kingdom	45 years	Apr 2016	-	Director
Mr Andrew Selley	England	59 years	Feb 2019	-	Director
Mr Ian Moore	England	45 years	Feb 2019	-	Director
Mr James Gouldie	England	55 years	Feb 2019	-	Director
Miss Alison Brogan	England	51 years	Feb 2019	-	Director

P&L

June 2024

turnover

11.1m

-36%

operating profit

-467.7k

gross margin

20.7%

-34.85%

turnover

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

Balance Sheet

June 2024

net assets

14m

-0.05%

total assets

15.6m

-0.06%

cash

3.1m

-0.42%

net assets

Total assets minus all liabilities

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company number

02833046

Type

Private limited with Share Capital

industry

10850 - Manufacture of prepared meals and dishes

incorporation date

July 1993

ultimate parent company

BID CORPORATION LTD

previous names

the punjab kitchen ltd (July 2019)

american foods inc. (uk) ltd. (July 1997)

address

814 leigh road, slough, SL1 4BD

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simply food solutions limited Company Information

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