Otter Arable Limited

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otter arable limited Company Information

Live

MatureMicroRapid

Company Number

03660232

Next Accounts

Dec 2024

Industry

Support activities for crop production

Directors

John Baker-Cresswell

Mark Bridgeman

Shareholders

mark george orlando bridgeman

john addison baker-cresswell

Group Structure

View All

Contact

Registered Address

newlands farm, belford, northumberland, NE70 7DS

Website

otter arable limited Estimated Valuation

£87.8k

Pomanda estimates the enterprise value of OTTER ARABLE LIMITED at £87.8k based on Net Assets of £73.9k and 1.19x industry multiple (adjusted for liquidity).

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Otter Arable Limited is a live company located in northumberland, NE70 7DS with a Companies House number of 03660232. It operates in the support activities for crop production sector, SIC Code 01610. Founded in November 1998, it's largest shareholder is mark george orlando bridgeman with a 50% stake. Otter Arable Limited is a mature, micro sized company, Pomanda has estimated its turnover at £221k with rapid growth in recent years.

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Pomanda's financial health check has awarded Otter Arable Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £221k, make it smaller than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (6.1%)

EXPORT

Otter Arable Limited's latest turnover from March 2023 is estimated at £221 thousand and the company has net assets of £73.9 thousand. According to their latest financial statements, we estimate that Otter Arable Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	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	221,002	12,136	217,551	41,539	139,253	173,941	95,256	23,857	601,256	468,106	463,941	461,349	535,664	199,520
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	169,111	9,427	178,817	32,456	112,430	135,223	73,024	17,518	476,689	305,377	311,408	295,576	346,239	145,748
Gross Profit	51,891	2,709	38,735	9,083	26,823	38,718	22,232	6,339	124,567	162,729	152,533	165,773	189,425	53,772
Admin Expenses	59,372	2,001	20,231	54,761	32,488	19,479	25,855	33,327	125,234	162,726	153,914	76,298	160,673	-18,844
Operating Profit	-7,481	708	18,504	-45,678	-5,665	19,239	-3,623	-26,988	-667	3	-1,381	89,475	28,752	72,616
Interest Payable	1,014	446	321	436	341	0	0	0	0	0	0	996	1,993	996
Interest Receivable	0	0	0	0	2	14	30	83	41	6	0	0	0	0
Pre-Tax Profit	-8,495	262	18,183	-46,114	-6,003	19,253	-3,593	-26,905	-626	9	-1,381	88,478	26,760	71,619
Tax	0	-50	-3,455	0	0	-3,658	0	0	0	-2	0	-23,004	-7,493	-20,053
Profit After Tax	-8,495	212	14,728	-46,114	-6,003	15,595	-3,593	-26,905	-626	7	-1,381	65,474	19,267	51,566
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,495	212	14,728	-46,114	-6,003	15,595	-3,593	-26,905	-626	7	-1,381	65,474	19,267	51,566
Employee Costs	88,727	42,442	80,372	40,308	41,230	39,525	36,353	40,306	115,172	79,780	80,254	79,617	116,508	41,629
Number Of Employees	2	1	2	1	1	1	1	1	3	2	2	2	3	1
EBITDA*	26,403	42,413	70,165	11,551	37,588	73,881	29,099	5,664	35,041	32,671	36,550	131,388	67,933	98,898

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	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	135,539	169,442	206,647	258,308	205,552	218,563	158,549	130,645	163,297	175,637	178,571	179,756	186,186	138,700
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	135,539	169,442	206,647	258,308	205,552	218,563	158,549	130,645	163,297	175,637	178,571	179,756	186,186	138,700
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	51,667	0	40,000	1,388	25,807	36,749	21,613	0	69,268	79,170	75,030	71,849	58,955	15,663
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,000	45,722	2,395	32,227	78,879	36,683	21,300	31,368	0	0	0	0	0	0
Cash	0	0	0	0	0	647	5,139	19,155	13,984	2,284	7	7	7	7
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	53,667	45,722	42,395	33,615	104,686	74,079	48,052	50,523	83,252	81,454	75,037	71,856	58,962	15,670
total assets	189,206	215,164	249,042	291,923	310,238	292,642	206,601	181,168	246,549	257,091	253,608	251,612	245,148	154,370
Bank overdraft	12,908	6,880	6,336	4,201	10,092	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
Trade Creditors	9,641	1,899	11,712	12,881	6,645	5,402	3,532	4,047	44,110	36,166	38,820	47,679	92,165	43,033
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	29,736	29,399	40,006	40,006	43,064	30,743	20,789	17,703	0	0	0	0	0	0
other current liabilities	11,982	11,824	7,624	29,336	32,522	7,990	11,135	8,313	0	0	0	0	0	0
total current liabilities	64,267	50,002	65,678	86,424	92,323	44,135	35,456	30,063	44,110	36,166	38,820	47,679	92,165	43,033
loans	0	0	0	0	0	0	0	0	0	0	0	0	30,658	30,658
hp & lease commitments	34,700	64,436	82,899	123,216	81,956	101,883	43,775	17,703	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	35,406	53,109	46,981	34,400	34,634	11,667
provisions	16,357	18,349	18,300	14,846	22,408	27,070	23,411	25,850	32,576	32,733	32,731	33,076	16,708	17,296
total long term liabilities	51,057	82,785	101,199	138,062	104,364	128,953	67,186	43,553	67,982	85,842	79,712	67,476	82,000	59,621
total liabilities	115,324	132,787	166,877	224,486	196,687	173,088	102,642	73,616	112,092	122,008	118,532	115,155	174,165	102,654
net assets	73,882	82,377	82,165	67,437	113,551	119,554	103,959	107,552	134,457	135,083	135,076	136,457	70,983	51,716
total shareholders funds	73,882	82,377	82,165	67,437	113,551	119,554	103,959	107,552	134,457	135,083	135,076	136,457	70,983	51,716

	Mar 2023	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	-7,481	708	18,504	-45,678	-5,665	19,239	-3,623	-26,988	-667	3	-1,381	89,475	28,752	72,616
Depreciation	33,884	41,705	51,661	57,229	43,253	54,642	32,722	32,652	35,708	32,668	37,931	41,913	39,181	26,282
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-50	-3,455	0	0	-3,658	0	0	0	-2	0	-23,004	-7,493	-20,053
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	7,945	3,327	8,780	-71,071	31,254	30,519	11,545	-37,900	-9,902	4,140	3,181	12,894	43,292	15,663
Creditors	7,742	-9,813	-1,169	6,236	1,243	1,870	-515	-40,063	7,944	-2,654	-8,859	-44,486	49,132	43,033
Accruals and Deferred Income	158	4,200	-21,712	-3,186	24,532	-3,145	2,822	8,313	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,992	49	3,454	-7,562	-4,662	3,659	-2,439	-6,726	-157	2	-345	16,368	-588	17,296
Cash flow from operations	24,366	33,472	38,503	78,110	27,447	42,088	17,422	5,088	52,730	25,877	24,165	67,372	65,692	123,511
Investing Activities
capital expenditure	19	-4,500	0	-109,985	-30,242	-114,656	-60,626	0	-23,368	-29,734	-36,746	-35,483	-86,667	-164,982
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	19	-4,500	0	-109,985	-30,242	-114,656	-60,626	0	-23,368	-29,734	-36,746	-35,483	-86,667	-164,982
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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	-30,658	0	30,658
Hire Purchase and Lease Commitments	-29,399	-29,070	-40,317	38,202	-7,606	68,062	29,158	35,406	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-35,406	-17,703	6,128	12,581	-234	22,967	11,667
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	150
interest	-1,014	-446	-321	-436	-339	14	30	83	41	6	0	-996	-1,993	-996
cash flow from financing	-30,413	-29,516	-40,638	37,766	-7,945	68,076	29,188	83	-17,662	6,134	12,581	-31,888	20,974	41,479
cash and cash equivalents
cash	0	0	0	0	-647	-4,492	-14,016	5,171	11,700	2,277	0	0	0	7
overdraft	6,028	544	2,135	-5,891	10,092	0	0	0	0	0	0	0	0	0
change in cash	-6,028	-544	-2,135	5,891	-10,739	-4,492	-14,016	5,171	11,700	2,277	0	0	0	7

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OTTER ARABLE LIMITED group structure

Otter Arable Limited has no subsidiary companies.

Ultimate parent company

OTTER ARABLE LIMITED

03660232

OTTER ARABLE LIMITED Shareholders

mark george orlando bridgeman	50%
john addison baker-cresswell	50%

Otter Arable Limited currently has 2 directors. The longest serving directors include Mr John Baker-Cresswell (Mar 1999) and Mr Mark Bridgeman (Feb 2008).

officer	country	age	start	end	role
Mr John Baker-Cresswell		59 years	Mar 1999	-	Director
Mr Mark Bridgeman	United Kingdom	56 years	Feb 2008	-	Director

P&L

March 2023

turnover

221k

+1721%

operating profit

-7.5k

gross margin

23.5%

+5.17%

turnover

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

Balance Sheet

March 2023

net assets

73.9k

-0.1%

total assets

189.2k

-0.12%

cash

net assets

Total assets minus all liabilities

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company number

03660232

Type

Private limited with Share Capital

industry

01610 - Support activities for crop production

incorporation date

November 1998

ultimate parent company

None

previous names

crossco (371) limited (March 1999)

address

newlands farm, belford, northumberland, NE70 7DS

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 5 charges/mortgages relating to otter arable limited. Currently there are 5 open charges and 0 have been satisfied in the past.

otter arable limited Company Information

otter arable limited Estimated Valuation

otter arable limited Estimated Valuation

otter arable limited Estimated Valuation

Otter Arable Limited Overview

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OTTER ARABLE LIMITED financials

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otter arable limited Ownership

otter arable limited directors

otter arable limited company details

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