Patchwork Foods Limited

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patchwork foods limited Company Information

Company Number

03211714

Next Accounts

Sep 2025

Directors

Scott Davies

Shareholders

davies enterprise holdings limited

graham michael jackson

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Group Structure

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Industry

Manufacture of other food products n.e.c.

Registered Address

unit 5-6 llys parcwr, ruthin, denbighshire, LL15 1NJ

Website

www.patchwork-pate.co.uk

patchwork foods limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of PATCHWORK FOODS LIMITED at £1.4m based on a Turnover of £2.4m and 0.58x industry multiple (adjusted for size and gross margin).

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Patchwork Foods Limited is a live company located in denbighshire, LL15 1NJ with a Companies House number of 03211714. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in June 1996, it's largest shareholder is davies enterprise holdings limited with a 53% stake. Patchwork Foods Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with low growth in recent years.

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Pomanda's financial health check has awarded Patchwork Foods Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£24.1m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (7.7%)

EXPORT

Patchwork Foods Limited's latest turnover from December 2023 is estimated at £2.4 million and the company has net assets of £503.2 thousand. According to their latest financial statements, Patchwork Foods Limited has 23 employees and maintains cash reserves of £402 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	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	2,379,370	2,130,443	2,001,773	2,167,316	2,223,704	1,669,582	1,952,701	1,751,544	747,448	1,355,150	966,373	1,170,212	1,119,124	860,264	995,916
Other Income Or Grants
Cost Of Sales	1,785,675	1,592,869	1,481,334	1,602,264	1,651,293	1,239,030	1,441,187	1,285,816	559,530	1,007,032	726,095	888,251	840,644	642,550	735,159
Gross Profit	593,695	537,574	520,440	565,052	572,411	430,552	511,514	465,728	187,918	348,118	240,278	281,961	278,480	217,714	260,758
Admin Expenses	579,622	417,914	423,548	482,190	548,075	445,011	473,018	613,221	143,849	387,483	263,935	248,546	271,572	236,676	-348,035
Operating Profit	14,073	119,660	96,892	82,862	24,336	-14,459	38,496	-147,493	44,069	-39,365	-23,657	33,415	6,908	-18,962	608,793
Interest Payable	37,347	27,333	20,483	13,438	10,289	11,027	18,833	23,102	10,820
Interest Receivable	56	67	116	1	1	15	8	15	36	14	19	18	64	309	250
Pre-Tax Profit	-23,218	92,394	76,525	69,426	14,048	-25,470	19,672	-170,580	33,285	-39,351	-23,638	33,433	6,972	-18,653	609,043
Tax		-17,555	-14,540	-13,191	-2,669		-3,738		-6,657			-8,024	-1,813		-170,532
Profit After Tax	-23,218	74,839	61,985	56,235	11,379	-25,470	15,934	-170,580	26,628	-39,351	-23,638	25,409	5,159	-18,653	438,511
Dividends Paid
Retained Profit	-23,218	74,839	61,985	56,235	11,379	-25,470	15,934	-170,580	26,628	-39,351	-23,638	25,409	5,159	-18,653	438,511
Employee Costs	901,174	853,467	819,644	899,040	873,064	725,509	1,093,492	1,072,253	145,197	227,592	168,529	195,175	194,164	166,637	198,919
Number Of Employees	23	23	24	27	27	23	35	36	5	8	6	7	7	6	7
EBITDA*	41,955	154,721	116,092	102,062	24,336	-14,459	98,353	-106,440	85,123	3,814	6,638	65,392	37,553	17,122	649,762

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	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	761,025	613,381	545,182	501,063	519,288	490,855	257,323	681,541	721,659	742,313	579,386	577,610	581,437	612,082	647,265
Intangible Assets	25,000	11,207	11,207	11,207	10,000	10,000	10,000	2,500
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	786,025	624,588	556,389	512,270	529,288	500,855	267,323	684,041	721,659	742,313	579,386	577,610	581,437	612,082	647,265
Stock & work in progress	111,079	160,542	151,919	189,144	173,124	175,168	126,184	114,960	110,507	129,028	95,585	151,886	109,303	86,349	79,516
Trade Debtors	264,959	194,736	207,298	170,995	162,169	122,296	85,264	68,730	127,699	169,832	157,727	152,426	159,415	135,340	144,565
Group Debtors
Misc Debtors	94,376	135,621	133,912	75,381	120,424	83,189	285,030	32,515	41,981			422	50,406
Cash	402	1,737	28,838	2,069		1,789	2,320	1,071	11,028	3,236	2,487	4,998	2,116	23,382	100,134
misc current assets
total current assets	470,816	492,636	521,967	437,589	455,717	382,442	498,798	217,276	291,215	302,096	255,799	309,732	321,240	245,071	324,215
total assets	1,256,841	1,117,224	1,078,356	949,859	985,005	883,297	766,121	901,317	1,012,874	1,044,409	835,185	887,342	902,677	857,153	971,480
Bank overdraft	245,797	174,573	128,863	98,243	183,714	153,620	173,094	127,569	223,012
Bank loan
Trade Creditors	234,619	241,432	206,913	242,752	288,050	151,053	84,817	64,966	69,136	329,746	158,761	216,589	228,332	141,579	197,732
Group/Directors Accounts	44,962	23,041
other short term finances
hp & lease commitments						117,333	26,402	26,402	32,005
other current liabilities	120,365	46,481	27,434	23,513	121,926	68,516	97,952	23,728	5,141
total current liabilities	645,743	485,527	363,210	364,508	593,690	490,522	382,265	242,665	329,294	329,746	158,761	216,589	228,332	141,579	197,732
loans	99,578	143,995	221,188	158,619				278,800	109,896
hp & lease commitments							22,413	53,378	74,112
Accruals and Deferred Income
other liabilities	4,167	7,131	26,241	21,000	41,818	54,657	97,755	79,554	81,238	322,957	244,452	208,743	240,211	283,612	320,096
provisions	4,169	4,169	4,169	4,169	4,169	4,169	4,169	3,335	4,169	4,169	5,084	11,484	9,017	12,004	15,041
total long term liabilities	107,914	155,295	251,598	183,788	45,987	58,826	124,337	415,067	269,415	327,126	249,536	220,227	249,228	295,616	335,137
total liabilities	753,657	640,822	614,808	548,296	639,677	549,348	506,602	657,732	598,709	656,872	408,297	436,816	477,560	437,195	532,869
net assets	503,184	476,402	463,548	401,563	345,328	333,949	259,519	243,585	414,165	387,537	426,888	450,526	425,117	419,958	438,611
total shareholders funds	503,184	476,402	463,548	401,563	345,328	333,949	259,519	243,585	414,165	387,537	426,888	450,526	425,117	419,958	438,611

	Dec 2023	Dec 2022	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	14,073	119,660	96,892	82,862	24,336	-14,459	38,496	-147,493	44,069	-39,365	-23,657	33,415	6,908	-18,962	608,793
Depreciation	27,882	35,061	19,200	19,200			59,857	41,053	41,054	43,179	30,295	31,977	30,645	36,084	40,969
Amortisation
Tax		-17,555	-14,540	-13,191	-2,669		-3,738		-6,657			-8,024	-1,813		-170,532
Stock	-49,463	-28,602	-37,225	16,020	-2,044	48,984	11,224	4,453	-18,521	33,443	-56,301	42,583	22,954	6,833	79,516
Debtors	28,978	83,981	94,834	-36,217	77,108	-164,809	269,049	-68,435	-152	12,105	4,879	-56,973	74,481	-9,225	144,565
Creditors	-6,813	-1,320	-35,839	-45,298	136,997	66,236	19,851	-4,170	-260,610	170,985	-57,828	-11,743	86,753	-56,153	197,732
Accruals and Deferred Income	73,884	22,968	3,921	-98,413	53,410	-29,436	74,224	18,587	5,141
Deferred Taxes & Provisions							834	-834		-915	-6,400	2,467	-2,987	-3,037	15,041
Cash flow from operations	129,511	103,435	12,025	-34,643	137,010	138,166	-90,749	-28,875	-158,330	128,336	-6,168	62,482	22,071	-39,676	467,922
Investing Activities
capital expenditure	-189,319	-147,379	-63,319	-2,182	-28,433	-233,532	356,861	-3,435	-20,400	-206,106	-32,071	-28,150		-901	-688,234
Change in Investments
cash flow from investments	-189,319	-147,379	-63,319	-2,182	-28,433	-233,532	356,861	-3,435	-20,400	-206,106	-32,071	-28,150		-901	-688,234
Financing Activities
Bank loans
Group/Directors Accounts	21,921	23,041
Other Short Term Loans
Long term loans	-44,417	-14,624	62,569	158,619			-278,800	168,904	109,896
Hire Purchase and Lease Commitments					-117,333	68,518	-30,965	-26,337	106,117
other long term liabilities	-2,964	-13,869	5,241	-20,818	-12,839	-43,098	18,201	-1,684	-241,719	78,505	35,709	-31,468	-43,401	-36,484	320,096
share issue	50,000					99,900									100
interest	-37,291	-27,266	-20,367	-13,437	-10,288	-11,012	-18,825	-23,087	-10,784	14	19	18	64	309	250
cash flow from financing	-12,751	-32,718	47,443	124,364	-140,460	114,308	-310,389	117,796	-36,490	78,519	35,728	-31,450	-43,337	-36,175	320,446
cash and cash equivalents
cash	-1,335	-332	26,769	2,069	-1,789	-531	1,249	-9,957	7,792	749	-2,511	2,882	-21,266	-76,752	100,134
overdraft	71,224	76,330	30,620	-85,471	30,094	-19,474	45,525	-95,443	223,012
change in cash	-72,559	-76,662	-3,851	87,540	-31,883	18,943	-44,276	85,486	-215,220	749	-2,511	2,882	-21,266	-76,752	100,134

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PATCHWORK FOODS LIMITED group structure

Patchwork Foods Limited has no subsidiary companies.

Ultimate parent company

DAVIES ENTERPRISE HOLDINGS LIMITED

13560678

1 parent

PATCHWORK FOODS LIMITED

03211714

PATCHWORK FOODS LIMITED Shareholders

davies enterprise holdings limited	53%
graham michael jackson	13.25%
rhian mair jones	11.66%
rufus peter campion carter	8.83%
jennifer susan whitham	6.63%
margaret mary carter	6.63%

Patchwork Foods Limited currently has 1 director, Mr Scott Davies serving since May 2024.

officer	country	age	start	end	role
Mr Scott Davies		37 years	May 2024	-	Director

P&L

December 2023

turnover

2.4m

+12%

operating profit

14.1k

gross margin

25%

-1.11%

turnover

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

Balance Sheet

December 2023

net assets

503.2k

+0.06%

total assets

1.3m

+0.12%

cash

402

-0.77%

net assets

Total assets minus all liabilities

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company number

03211714

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

June 1996

ultimate parent company

DAVIES ENTERPRISE HOLDINGS LIMITED

previous names

the patchwork traditional food company limited (April 2019)

address

unit 5-6 llys parcwr, ruthin, denbighshire, LL15 1NJ

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patchwork foods limited Company Information

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patchwork foods limited Estimated Valuation

patchwork foods limited Estimated Valuation

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