alliance pharmaceuticals limited

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alliance pharmaceuticals limited Company Information

Share ALLIANCE PHARMACEUTICALS LIMITED

Company Number

03250064

Shareholders

alliance pharma plc

Group Structure

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Industry

Manufacture of other food products n.e.c.

 +1

Registered Address

avonbridge house bath road, chippenham, wiltshire, SN15 2BB

alliance pharmaceuticals limited Estimated Valuation

£380.4m

Pomanda estimates the enterprise value of ALLIANCE PHARMACEUTICALS LIMITED at £380.4m based on a Turnover of £125.2m and 3.04x industry multiple (adjusted for size and gross margin).

alliance pharmaceuticals limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ALLIANCE PHARMACEUTICALS LIMITED at £0 based on an EBITDA of £-30.6m and a 15.55x industry multiple (adjusted for size and gross margin).

alliance pharmaceuticals limited Estimated Valuation

£34.6m

Pomanda estimates the enterprise value of ALLIANCE PHARMACEUTICALS LIMITED at £34.6m based on Net Assets of £17.6m and 1.97x industry multiple (adjusted for liquidity).

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Alliance Pharmaceuticals Limited Overview

Alliance Pharmaceuticals Limited is a live company located in wiltshire, SN15 2BB with a Companies House number of 03250064. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in September 1996, it's largest shareholder is alliance pharma plc with a 100% stake. Alliance Pharmaceuticals Limited is a mature, mega sized company, Pomanda has estimated its turnover at £125.2m with healthy growth in recent years.

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Alliance Pharmaceuticals Limited Health Check

Pomanda's financial health check has awarded Alliance Pharmaceuticals Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £125.2m, make it larger than the average company (£29.5m)

£125.2m - Alliance Pharmaceuticals Limited

£29.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.1%)

5% - Alliance Pharmaceuticals Limited

6.1% - Industry AVG

production

Production

with a gross margin of 60.5%, this company has a lower cost of product (29%)

60.5% - Alliance Pharmaceuticals Limited

29% - Industry AVG

profitability

Profitability

an operating margin of -31.3% make it less profitable than the average company (6.3%)

-31.3% - Alliance Pharmaceuticals Limited

6.3% - Industry AVG

employees

Employees

with 198 employees, this is above the industry average (106)

198 - Alliance Pharmaceuticals Limited

106 - Industry AVG

paystructure

Pay Structure

on an average salary of £84.4k, the company has a higher pay structure (£55k)

£84.4k - Alliance Pharmaceuticals Limited

£55k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £632.4k, this is more efficient (£308.9k)

£632.4k - Alliance Pharmaceuticals Limited

£308.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 102 days, this is later than average (50 days)

102 days - Alliance Pharmaceuticals Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 100 days, this is slower than average (39 days)

100 days - Alliance Pharmaceuticals Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 113 days, this is more than average (80 days)

113 days - Alliance Pharmaceuticals Limited

80 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (9 weeks)

8 weeks - Alliance Pharmaceuticals Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.2%, this is a higher level of debt than the average (50.3%)

95.2% - Alliance Pharmaceuticals Limited

50.3% - Industry AVG

ALLIANCE PHARMACEUTICALS LIMITED financials

EXPORTms excel logo

Alliance Pharmaceuticals Limited's latest turnover from December 2023 is £125.2 million and the company has net assets of £17.6 million. According to their latest financial statements, Alliance Pharmaceuticals Limited has 198 employees and maintains cash reserves of £7.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover125,207,000116,018,000121,112,000109,114,000104,925,00094,580,00079,645,00055,575,00047,390,00043,913,00044,976,00042,377,00044,145,00048,007,00029,795,000
Other Income Or Grants
Cost Of Sales49,525,00045,223,00039,458,00040,088,00041,379,00038,720,00036,656,00023,787,00019,259,00018,593,00017,926,00018,256,00020,440,00018,450,00012,333,000
Gross Profit75,682,00070,795,00081,654,00069,026,00063,546,00055,860,00042,989,00031,788,00028,131,00025,320,00027,050,00024,121,00023,705,00029,557,00017,462,000
Admin Expenses114,874,00057,614,00063,578,00054,710,00032,790,00034,438,00016,649,00015,155,00011,270,00014,291,00013,048,00012,116,00011,379,00010,804,0006,360,000
Operating Profit-39,192,00013,181,00018,076,00014,316,00030,756,00021,422,00026,340,00016,633,00016,861,00011,029,00014,002,00012,005,00012,326,00018,753,00011,102,000
Interest Payable27,297,00013,773,0009,732,0009,265,00010,419,0008,380,0006,833,0008,130,0004,015,0002,847,0002,536,0002,424,0002,306,0002,842,0003,726,000
Interest Receivable2,291,0007,185,0002,956,000674,000763,0003,467,0002,218,000139,00048,00050,00048,00049,00054,00052,000
Pre-Tax Profit-64,198,0006,593,00017,361,0005,051,00021,413,00021,378,00022,974,0006,819,00012,345,0008,329,00011,827,00010,414,00010,220,00013,326,0004,943,000
Tax4,312,000-1,257,000-7,518,000-2,858,000-3,846,000-2,382,000-4,883,000-1,807,000-2,170,000-1,768,000-2,459,000-2,104,000-2,076,000-3,918,000-1,469,000
Profit After Tax-59,886,0005,336,0009,843,0002,193,00017,567,00018,996,00018,091,0005,012,00010,175,0006,561,0009,368,0008,310,0008,144,0009,408,0003,474,000
Dividends Paid2,600,0002,800,0007,596,0005,600,0005,720,0001,730,0005,700,000
Retained Profit-59,886,0005,336,0007,243,000-607,0009,971,00013,396,00012,371,0003,282,0004,475,0006,561,0009,368,0008,310,0008,144,0009,408,0003,474,000
Employee Costs16,716,00015,454,00017,730,00014,592,00013,926,00011,852,0009,388,0008,363,0007,303,0004,948,0005,141,0005,009,0004,429,0003,756,0002,779,000
Number Of Employees19818417915314613812310483726760564531
EBITDA*-30,646,00021,931,00025,964,00021,132,00031,757,00022,509,00027,169,00016,996,00017,097,00012,445,00014,690,00012,852,00013,324,00019,743,00011,226,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,043,0001,763,0004,207,00014,434,0009,729,0006,620,0004,689,0001,396,000805,000396,000592,000564,0003,925,0004,048,0003,292,000
Intangible Assets185,639,000221,061,000224,560,000222,846,000240,291,000243,504,000189,626,000113,078,000109,042,00087,471,00085,707,00076,531,00062,771,00056,928,00041,576,000
Investments & Other62,013,00063,557,000114,617,00032,523,00033,508,00029,688,00030,933,00092,849,00092,493,0003,773,0003,717,0003,274,0003,160,0003,160,0003,160,000
Debtors (Due After 1 year)22,735,00073,121,000300,000550,000
Total Fixed Assets272,430,000359,502,000343,684,000270,353,000283,528,000279,812,000225,248,000207,323,000202,340,00091,640,00090,016,00080,369,00066,696,00060,976,00044,868,000
Stock & work in progress15,364,00013,831,00015,761,00016,606,00012,476,00015,528,00011,983,00010,620,0007,403,0005,914,0005,463,0005,388,0005,652,0004,544,0002,973,000
Trade Debtors35,067,00033,548,00017,343,00015,249,00018,128,00015,744,00012,163,00010,405,0008,128,0006,822,0009,094,0008,893,0007,407,0008,675,0006,695,000
Group Debtors29,626,00016,263,00018,154,000208,870,00081,947,00069,378,00044,811,00028,373,00018,282,000907,000523,000338,000302,000354,000484,000
Misc Debtors2,732,0002,727,0004,514,0004,532,0006,331,0004,820,0003,507,0001,815,0001,346,000917,0001,292,000475,000466,000488,000328,000
Cash7,755,00017,690,00020,410,00019,274,00010,700,0006,955,0008,731,0002,553,0002,483,0001,356,000549,0004,365,000894,0001,591,000577,000
misc current assets1,232,000157,00064,000295,000697,0001,205,0001,343,000541,000194,000
total current assets91,776,00084,216,00076,246,000264,826,000130,279,000112,425,00082,400,00055,109,00038,183,00016,110,00016,921,00019,459,00014,721,00015,652,00011,057,000
total assets364,206,000443,718,000419,930,000535,179,000413,807,000392,237,000307,648,000262,432,000240,523,000107,750,000106,937,00099,828,00081,417,00076,628,00055,925,000
Bank overdraft68,035,00041,719,00025,782,00015,776,0003,309,0005,021,0006,251,000683,000
Bank loan4,250,0004,000,0003,114,000
Trade Creditors 13,604,00011,865,0005,234,0008,105,0003,664,0006,700,0005,081,0001,153,000740,0001,693,0001,100,000885,0001,138,0003,533,0001,501,000
Group/Directors Accounts22,986,00011,530,0009,566,000292,602,000238,865,000208,526,000150,719,000122,607,000114,479,00047,965,00042,739,00033,161,000
other short term finances413,00047,000500,000834,0002,889,000
hp & lease commitments201,000200,000249,000239,000239,000239,000221,0001,000
other current liabilities11,808,00020,264,00024,354,00012,386,00011,110,00010,016,0008,684,00012,015,00013,822,0005,928,0008,266,00020,072,00041,975,00043,522,00028,542,000
total current liabilities49,012,00043,859,00039,403,000313,332,000253,925,000294,016,000207,258,000164,446,000144,817,00058,895,00057,126,00060,369,00047,363,00051,056,00033,840,000
loans287,075,000305,598,000289,050,000142,133,00080,148,00029,106,00045,652,00059,547,00060,473,00019,364,00020,881,00020,225,00030,450,00030,000,00038,018,000
hp & lease commitments1,490,0001,676,000
Accruals and Deferred Income3,803,0001,450,000
other liabilities40,00073,000931,000
provisions10,520,00015,778,00017,245,00013,160,00012,819,00011,147,00010,093,0007,943,0007,798,0006,536,0006,683,0006,705,0009,148,0001,282,000
total long term liabilities297,595,000321,376,000306,295,000155,293,00092,967,00041,743,00057,421,00067,490,00068,271,00025,900,00027,564,00026,930,00019,839,00019,517,00021,390,000
total liabilities346,607,000365,235,000345,698,000468,625,000346,892,000335,759,000264,679,000231,936,000213,088,00084,795,00084,690,00087,299,00067,202,00070,573,00055,230,000
net assets17,599,00078,483,00074,232,00066,554,00066,915,00056,478,00042,969,00030,496,00027,435,00022,955,00022,247,00012,529,00014,215,0006,055,000695,000
total shareholders funds17,599,00078,483,00074,232,00066,554,00066,915,00056,478,00042,969,00030,496,00027,435,00022,955,00022,247,00012,529,00014,215,0006,055,000695,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-39,192,00013,181,00018,076,00014,316,00030,756,00021,422,00026,340,00016,633,00016,861,00011,029,00014,002,00012,005,00012,326,00018,753,00011,102,000
Depreciation572,000888,000709,000999,000824,000876,000553,000271,000236,000307,000266,000274,000263,000178,000124,000
Amortisation7,974,0007,862,0007,179,0005,817,000177,000211,000276,00092,0001,109,000422,000573,000735,000812,000
Tax4,312,000-1,257,000-7,518,000-2,858,000-3,846,000-2,382,000-4,883,000-1,807,000-2,170,000-1,768,000-2,459,000-2,104,000-2,076,000-3,918,000-1,469,000
Stock1,533,000-1,930,000-845,0004,130,000-3,052,0003,545,0001,363,0003,217,0001,489,000451,00075,000-264,0001,108,0001,571,0002,973,000
Debtors-35,499,00085,348,000-188,890,000122,795,00016,464,00029,461,00019,888,00012,837,00019,110,000-2,263,0001,203,0001,531,000-1,342,0002,010,0007,507,000
Creditors1,739,0006,631,000-2,871,0004,441,000-3,036,0001,619,0003,928,000413,000-953,000593,000215,000-253,000-2,395,0002,032,0001,501,000
Accruals and Deferred Income-8,456,000-4,090,00011,968,0001,276,0001,094,0001,332,000-3,331,000-1,807,0007,894,000-2,338,000-11,806,000-21,903,000-5,350,00017,333,00029,992,000
Deferred Taxes & Provisions-5,258,000-1,467,0004,085,000341,0001,672,0001,054,0002,150,000145,0001,262,000-147,000-22,000-2,443,0007,866,0001,282,000
Cash flow from operations-4,343,000-61,670,000221,363,000-102,593,00014,229,000-8,874,0003,782,000-2,114,0002,531,00010,597,000-660,000-15,118,00011,603,00032,891,00030,770,000
Investing Activities
capital expenditure26,596,000-2,807,000625,0005,924,000-897,000-56,896,000-80,670,000-4,990,000-22,216,000-2,984,000-9,892,000-11,246,000-6,718,000-17,098,000-44,992,000
Change in Investments-1,544,000-51,060,00082,094,000-985,0003,820,000-1,245,000-61,916,000356,00088,720,00056,000443,000114,0003,160,000
cash flow from investments28,140,00048,253,000-81,469,0006,909,000-4,717,000-55,651,000-18,754,000-5,346,000-110,936,000-3,040,000-10,335,000-11,360,000-6,718,000-17,098,000-48,152,000
Financing Activities
Bank loans-4,250,000250,000886,0003,114,000
Group/Directors Accounts11,456,0001,964,000-283,036,00053,737,00030,339,00057,807,00028,112,0008,128,00066,514,0005,226,0009,578,00033,161,000
Other Short Term Loans 413,000-47,000-453,000-334,000-2,055,0002,889,000
Long term loans-18,523,00016,548,000146,917,00061,985,00051,042,000-16,546,000-13,895,000-926,00041,109,000-1,517,000656,000-10,225,000450,000-8,018,00038,018,000
Hire Purchase and Lease Commitments1,000-49,00010,000-1,490,000-168,0001,897,000-1,0001,000
other long term liabilities-40,000-33,000-858,000931,000
share issue-998,000-1,085,000435,000246,000466,000113,000102,000-221,0005,000-5,853,000350,000-9,996,00016,000-4,048,000-2,779,000
interest-25,006,000-6,588,000-6,776,000-9,265,000-9,745,000-7,617,000-3,366,000-5,912,000-3,876,000-2,799,000-2,486,000-2,376,000-2,257,000-2,788,000-3,674,000
cash flow from financing-32,657,00010,790,000-142,450,000106,656,00070,159,00033,255,00010,795,0003,958,000103,752,000-4,943,0008,098,0006,274,000-1,575,000-14,825,00035,610,000
cash and cash equivalents
cash-9,935,000-2,720,0001,136,0008,574,0003,745,000-1,776,0006,178,00070,0001,127,000807,000-3,816,0003,471,000-697,0001,014,000577,000
overdraft-68,035,00026,316,00015,937,00010,006,00012,467,000-1,712,000-1,230,0006,251,000-683,000683,000
change in cash-9,935,000-2,720,0001,136,0008,574,00071,780,000-28,092,000-9,759,000-9,936,000-11,340,0002,519,000-2,586,000-2,780,000-697,0001,697,000-106,000

alliance pharmaceuticals 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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Alliance Pharmaceuticals Limited Competitor Analysis

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Perform a competitor analysis for alliance pharmaceuticals limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in SN15 area or any other competitors across 12 key performance metrics.

alliance pharmaceuticals limited Ownership

ALLIANCE PHARMACEUTICALS LIMITED Shareholders

alliance pharma plc 100%

alliance pharmaceuticals limited directors

Alliance Pharmaceuticals Limited currently has 3 directors. The longest serving directors include Mr Andrew Franklin (Sep 2015) and Mr Alexander Duggan (Jun 2018).

officercountryagestartendrole
Mr Andrew FranklinUnited Kingdom58 years Sep 2015- Director
Mr Alexander DugganEngland54 years Jun 2018- Director
Mr Nicholas SedgwickUnited Kingdom52 years May 2024- Director

P&L

December 2023

turnover

125.2m

+8%

operating profit

-39.2m

-397%

gross margin

60.5%

-0.94%

turnover

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

Balance Sheet

December 2023

net assets

17.6m

-0.78%

total assets

364.2m

-0.18%

cash

7.8m

-0.56%

net assets

Total assets minus all liabilities

alliance pharmaceuticals limited company details

company number

03250064

Type

Private limited with Share Capital

industry

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

21200 - Manufacture of pharmaceutical preparations

incorporation date

September 1996

age

29

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

DELOITTE LLP

address

avonbridge house bath road, chippenham, wiltshire, SN15 2BB

Bank

LLOYDS BANK CORPORATE MARKETS

Legal Advisor

-

alliance pharmaceuticals 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 25 charges/mortgages relating to alliance pharmaceuticals limited. Currently there are 11 open charges and 14 have been satisfied in the past.

alliance pharmaceuticals 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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alliance pharmaceuticals limited Companies House Filings - See Documents

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