kalsec europe ltd
kalsec europe ltd Company Information
Company Number
03040665
Next Accounts
Jun 2025
Industry
Manufacture of condiments and seasonings
Manufacture of other food products n.e.c.
Shareholders
kalsec inc.
Group Structure
View All
Contact
Registered Address
15 merlin park, fred dannatt road, mildenhall, bury st. edmunds, suffolk, IP28 7RD
Website
www.kalsec.comkalsec europe ltd Estimated Valuation
Pomanda estimates the enterprise value of KALSEC EUROPE LTD at £25.2m based on a Turnover of £23.2m and 1.08x industry multiple (adjusted for size and gross margin).
kalsec europe ltd Estimated Valuation
Pomanda estimates the enterprise value of KALSEC EUROPE LTD at £20.5m based on an EBITDA of £2.7m and a 7.59x industry multiple (adjusted for size and gross margin).
kalsec europe ltd Estimated Valuation
Pomanda estimates the enterprise value of KALSEC EUROPE LTD at £24.9m based on Net Assets of £12.4m and 2x industry multiple (adjusted for liquidity).
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Kalsec Europe Ltd Overview
Kalsec Europe Ltd is a live company located in bury st. edmunds, IP28 7RD with a Companies House number of 03040665. It operates in the manufacture of condiments and seasonings sector, SIC Code 10840. Founded in March 1995, it's largest shareholder is kalsec inc. with a 100% stake. Kalsec Europe Ltd is a mature, large sized company, Pomanda has estimated its turnover at £23.2m with healthy growth in recent years.
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Kalsec Europe Ltd Health Check
Pomanda's financial health check has awarded Kalsec Europe Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £23.2m, make it in line with the average company (£28.5m)
£23.2m - Kalsec Europe Ltd
£28.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (8.7%)
10% - Kalsec Europe Ltd
8.7% - Industry AVG
Production
with a gross margin of 32.2%, this company has a lower cost of product (25%)
32.2% - Kalsec Europe Ltd
25% - Industry AVG
Profitability
an operating margin of 10.6% make it more profitable than the average company (3.2%)
10.6% - Kalsec Europe Ltd
3.2% - Industry AVG
Employees
with 39 employees, this is below the industry average (115)
39 - Kalsec Europe Ltd
115 - Industry AVG
Pay Structure
on an average salary of £70.9k, the company has a higher pay structure (£37.2k)
£70.9k - Kalsec Europe Ltd
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £595.6k, this is more efficient (£217.7k)
£595.6k - Kalsec Europe Ltd
£217.7k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (51 days)
66 days - Kalsec Europe Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (50 days)
14 days - Kalsec Europe Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 106 days, this is more than average (59 days)
106 days - Kalsec Europe Ltd
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is more cash available to meet short term requirements (7 weeks)
57 weeks - Kalsec Europe Ltd
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22%, this is a lower level of debt than the average (60.3%)
22% - Kalsec Europe Ltd
60.3% - Industry AVG
KALSEC EUROPE LTD financials
Kalsec Europe Ltd's latest turnover from September 2023 is £23.2 million and the company has net assets of £12.4 million. According to their latest financial statements, Kalsec Europe Ltd has 39 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,229,955 | 21,591,671 | 17,465,649 | 17,274,875 | 16,054,495 | 14,487,451 | 12,708,335 | 10,982,367 | 11,539,622 | 12,068,414 | 13,339,123 | 12,787,373 | 13,050,646 | 11,982,550 | 10,910,804 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 15,760,882 | 13,643,352 | 10,815,512 | 11,736,009 | 10,938,077 | 10,060,573 | 8,991,614 | 7,653,424 | 8,428,506 | 8,795,127 | 10,134,319 | 9,662,107 | 8,665,497 | 8,348,498 | 6,998,759 |
| Gross Profit | 7,469,073 | 7,948,319 | 6,650,137 | 5,538,866 | 5,116,418 | 4,426,878 | 3,716,721 | 3,328,943 | 3,111,116 | 3,273,287 | 3,204,804 | 3,125,266 | 4,385,149 | 3,634,052 | 3,912,045 |
| Admin Expenses | 4,998,352 | 5,385,660 | 5,092,547 | 3,898,494 | 3,904,129 | 3,478,325 | 2,894,262 | 2,584,071 | 2,115,805 | 2,561,268 | 2,089,332 | 2,198,187 | 1,987,867 | 1,925,481 | 1,538,922 |
| Operating Profit | 2,470,721 | 2,562,659 | 1,557,590 | 1,640,372 | 1,212,289 | 948,553 | 822,459 | 744,872 | 995,311 | 712,019 | 1,115,472 | 927,079 | 2,397,282 | 1,708,571 | 2,373,123 |
| Interest Payable | 347 | 208 | 1,487 | 0 | 0 | 0 | 170 | 40 | 0 | 0 | 0 | 0 | 0 | 0 | 239 |
| Interest Receivable | 45,263 | 2,814 | 333 | 4,073 | 4,136 | 2,744 | 1,109 | 919 | 2,595 | 875 | 483 | 570 | 2,631 | 706 | 1,583 |
| Pre-Tax Profit | 2,515,637 | 2,565,265 | 1,556,436 | 1,644,445 | 1,216,425 | 951,297 | 823,398 | 745,751 | 997,906 | 712,894 | 1,115,955 | 927,649 | 2,399,913 | 1,709,277 | 2,374,467 |
| Tax | -691,979 | -657,665 | -352,681 | -316,568 | -245,246 | -184,387 | -188,570 | -157,169 | -225,410 | -150,121 | -281,671 | -250,466 | -645,741 | -481,167 | -675,334 |
| Profit After Tax | 1,823,658 | 1,907,600 | 1,203,755 | 1,327,877 | 971,179 | 766,910 | 634,828 | 588,582 | 772,496 | 562,773 | 834,284 | 677,183 | 1,754,172 | 1,228,110 | 1,699,133 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 758,840 | 0 | 0 | 1,327,011 | 473,555 | 1,657,325 | 787,953 | 946,122 | 920,214 | 0 |
| Retained Profit | 1,823,658 | 1,907,600 | 1,203,755 | 1,327,877 | 971,179 | 8,070 | 634,828 | 588,582 | -554,515 | 89,218 | -823,041 | -110,770 | 808,050 | 307,896 | 1,699,133 |
| Employee Costs | 2,765,681 | 2,960,516 | 2,748,911 | 2,318,451 | 2,349,669 | 2,045,738 | 1,805,750 | 1,625,580 | 1,294,071 | 1,491,188 | 1,202,370 | 1,120,845 | 1,094,864 | 988,705 | 839,498 |
| Number Of Employees | 39 | 37 | 37 | 33 | 31 | 30 | 24 | 25 | 25 | 27 | 23 | 23 | 23 | 21 | 21 |
| EBITDA* | 2,698,190 | 2,778,902 | 1,771,598 | 1,822,079 | 1,374,986 | 1,129,133 | 965,454 | 866,539 | 1,109,561 | 830,274 | 1,231,347 | 1,037,360 | 2,500,162 | 1,809,175 | 2,475,052 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,957,892 | 1,760,017 | 1,247,998 | 1,323,545 | 1,181,020 | 1,140,900 | 1,181,320 | 767,693 | 659,202 | 751,170 | 796,471 | 843,283 | 751,238 | 779,273 | 817,179 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,957,893 | 1,760,018 | 1,247,999 | 1,323,546 | 1,181,021 | 1,140,901 | 1,181,321 | 767,694 | 659,203 | 751,171 | 796,472 | 843,284 | 751,239 | 779,274 | 817,180 |
| Stock & work in progress | 4,604,954 | 3,403,275 | 3,410,765 | 2,690,688 | 2,198,057 | 2,355,761 | 2,639,182 | 1,648,399 | 1,251,065 | 1,398,889 | 1,416,305 | 2,202,485 | 1,915,327 | 1,683,850 | 1,852,531 |
| Trade Debtors | 4,246,782 | 4,729,286 | 3,619,845 | 3,484,001 | 3,129,198 | 2,317,063 | 2,001,378 | 1,897,418 | 1,700,792 | 1,921,547 | 1,663,315 | 1,288,624 | 1,790,734 | 1,956,676 | 1,523,552 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,573 | 0 | 0 | 0 | 0 |
| Misc Debtors | 102,332 | 124,165 | 94,793 | 201,179 | 199,864 | 305,934 | 295,343 | 274,826 | 192,620 | 157,286 | 178,020 | 319,464 | 203,507 | 228,714 | 148,568 |
| Cash | 3,029,430 | 3,304,462 | 2,779,655 | 1,853,531 | 1,122,127 | 897,465 | 839,004 | 2,210,179 | 911,699 | 568,836 | 648,714 | 844,862 | 1,360,400 | 364,225 | 601,972 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,983,498 | 11,561,188 | 9,905,058 | 8,229,399 | 6,649,246 | 5,876,223 | 5,774,907 | 6,030,822 | 4,056,176 | 4,046,558 | 3,961,927 | 4,655,435 | 5,269,968 | 4,233,465 | 4,126,623 |
| total assets | 15,941,391 | 13,321,206 | 11,153,057 | 9,552,945 | 7,830,267 | 7,017,124 | 6,956,228 | 6,798,516 | 4,715,379 | 4,797,729 | 4,758,399 | 5,498,719 | 6,021,207 | 5,012,739 | 4,943,803 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 608,567 | 392,716 | 154,985 | 111,223 | 195,976 | 64,950 | 110,419 | 46,093 | 15,535 | 47,525 | 48,836 | 23,831 | 44,580 | 66,535 | 29,346 |
| Group/Directors Accounts | 1,503,887 | 764,121 | 1,112,043 | 1,002,873 | 626,303 | 1,157,706 | 1,073,032 | 1,935,960 | 486,633 | 20,689 | 0 | 37,422 | 8,262 | 32,841 | 332,619 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 633,017 | 1,064,107 | 1,028,748 | 814,323 | 742,339 | 509,998 | 526,377 | 253,641 | 236,721 | 196,060 | 250,826 | 158,438 | 598,267 | 351,315 | 327,686 |
| total current liabilities | 2,745,471 | 2,220,944 | 2,295,776 | 1,928,419 | 1,564,618 | 1,732,654 | 1,709,828 | 2,235,694 | 738,889 | 264,274 | 299,662 | 219,691 | 651,109 | 450,691 | 689,651 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 759,381 | 487,381 | 152,000 | 123,000 | 92,000 | 82,000 | 52,000 | 3,250 | 5,500 | 7,950 | 22,450 | 19,700 | 0 | 0 | 0 |
| total long term liabilities | 759,381 | 487,381 | 152,000 | 123,000 | 92,000 | 82,000 | 52,000 | 3,250 | 5,500 | 7,950 | 22,450 | 19,700 | 0 | 0 | 0 |
| total liabilities | 3,504,852 | 2,708,325 | 2,447,776 | 2,051,419 | 1,656,618 | 1,814,654 | 1,761,828 | 2,238,944 | 744,389 | 272,224 | 322,112 | 239,391 | 651,109 | 450,691 | 689,651 |
| net assets | 12,436,539 | 10,612,881 | 8,705,281 | 7,501,526 | 6,173,649 | 5,202,470 | 5,194,400 | 4,559,572 | 3,970,990 | 4,525,505 | 4,436,287 | 5,259,328 | 5,370,098 | 4,562,048 | 4,254,152 |
| total shareholders funds | 12,436,539 | 10,612,881 | 8,705,281 | 7,501,526 | 6,173,649 | 5,202,470 | 5,194,400 | 4,559,572 | 3,970,990 | 4,525,505 | 4,436,287 | 5,259,328 | 5,370,098 | 4,562,048 | 4,254,152 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 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 | 2,470,721 | 2,562,659 | 1,557,590 | 1,640,372 | 1,212,289 | 948,553 | 822,459 | 744,872 | 995,311 | 712,019 | 1,115,472 | 927,079 | 2,397,282 | 1,708,571 | 2,373,123 |
| Depreciation | 227,469 | 216,243 | 214,008 | 181,707 | 162,697 | 180,580 | 142,995 | 121,667 | 114,250 | 118,255 | 115,875 | 110,281 | 102,880 | 100,604 | 101,929 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -691,979 | -657,665 | -352,681 | -316,568 | -245,246 | -184,387 | -188,570 | -157,169 | -225,410 | -150,121 | -281,671 | -250,466 | -645,741 | -481,167 | -675,334 |
| Stock | 1,201,679 | -7,490 | 720,077 | 492,631 | -157,704 | -283,421 | 990,783 | 397,334 | -147,824 | -17,416 | -786,180 | 287,158 | 231,477 | -168,681 | 1,852,531 |
| Debtors | -504,337 | 1,138,813 | 29,458 | 356,118 | 706,065 | 326,276 | 124,477 | 278,832 | -185,421 | 181,925 | 288,820 | -386,153 | -191,149 | 513,270 | 1,672,120 |
| Creditors | 215,851 | 237,731 | 43,762 | -84,753 | 131,026 | -45,469 | 64,326 | 30,558 | -31,990 | -1,311 | 25,005 | -20,749 | -21,955 | 37,189 | 29,346 |
| Accruals and Deferred Income | -431,090 | 35,359 | 214,425 | 71,984 | 232,341 | -16,379 | 272,736 | 16,920 | 40,661 | -54,766 | 92,388 | -439,829 | 246,952 | 23,629 | 327,686 |
| Deferred Taxes & Provisions | 272,000 | 335,381 | 29,000 | 31,000 | 10,000 | 30,000 | 48,750 | -2,250 | -2,450 | -14,500 | 2,750 | 19,700 | 0 | 0 | 0 |
| Cash flow from operations | 1,365,630 | 1,598,385 | 956,569 | 674,993 | 954,746 | 870,043 | 47,436 | 78,432 | 1,223,617 | 445,067 | 1,567,179 | 445,011 | 2,039,090 | 1,044,237 | -1,367,901 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -159,681 | -565,126 | -307,979 | 0 | -73,741 | -73,487 | -206,558 | -76,350 | -62,698 | -143,043 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -159,681 | -565,126 | -307,979 | 0 | -73,741 | -73,487 | -206,558 | -76,350 | -62,698 | -143,044 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 739,766 | -347,922 | 109,170 | 376,570 | -531,403 | 84,674 | -862,928 | 1,449,327 | 465,944 | 20,689 | -37,422 | 29,160 | -24,579 | -299,778 | 332,619 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 44,916 | 2,606 | -1,154 | 4,073 | 4,136 | 2,744 | 939 | 879 | 2,595 | 875 | 483 | 570 | 2,631 | 706 | 1,344 |
| cash flow from financing | 784,682 | -345,316 | 108,016 | 380,643 | -527,267 | 87,418 | -861,989 | 1,450,206 | 468,539 | 21,564 | -36,939 | 29,730 | -21,948 | -299,072 | 2,888,982 |
| cash and cash equivalents | |||||||||||||||
| cash | -275,032 | 524,807 | 926,124 | 731,404 | 224,662 | 58,461 | -1,371,175 | 1,298,480 | 342,863 | -79,878 | -196,148 | -515,538 | 996,175 | -237,747 | 601,972 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -275,032 | 524,807 | 926,124 | 731,404 | 224,662 | 58,461 | -1,371,175 | 1,298,480 | 342,863 | -79,878 | -196,148 | -515,538 | 996,175 | -237,747 | 601,972 |
kalsec europe ltd Credit Report and Business Information
Kalsec Europe Ltd Competitor Analysis
Perform a competitor analysis for kalsec europe ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in IP28 area or any other competitors across 12 key performance metrics.
kalsec europe ltd Ownership
KALSEC EUROPE LTD group structure
Kalsec Europe Ltd has 1 subsidiary company.
Ultimate parent company
KALAMAZOO HOLDINGS INC
#0064536
KALSEC INC
#0023498
2 parents
KALSEC EUROPE LTD
03040665
1 subsidiary
kalsec europe ltd directors
Kalsec Europe Ltd currently has 2 directors. The longest serving directors include Mr Robert Wheeler (Nov 2022) and Ms Wei Fu (Sep 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Wheeler | 55 years | Nov 2022 | - | Director | |
| Ms Wei Fu | 46 years | Sep 2024 | - | Director |
P&L
September 2023turnover
23.2m
+8%
operating profit
2.5m
-4%
gross margin
32.2%
-12.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
12.4m
+0.17%
total assets
15.9m
+0.2%
cash
3m
-0.08%
net assets
Total assets minus all liabilities
kalsec europe ltd company details
company number
03040665
Type
Private limited with Share Capital
industry
10840 - Manufacture of condiments and seasonings
10890 - Manufacture of other food products n.e.c.
incorporation date
March 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
kalsec uk limited (October 2007)
accountant
-
auditor
ENSORS ACCOUNTANTS LLP
address
15 merlin park, fred dannatt road, mildenhall, bury st. edmunds, suffolk, IP28 7RD
Bank
-
Legal Advisor
-
kalsec europe ltd 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 did not find charges/mortgages relating to kalsec europe ltd.
kalsec europe ltd Capital Raised & Share Issues BETA
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kalsec europe ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
