Independent Feeds Limited

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independent feeds limited Company Information

Live

MatureSmallDeclining

Company Number

03783491

Website

Registered Address

ball farm hall lane, hankelow nr audley, cheshire, CW3 0JB

Industry

Wholesale of agricultural machinery, equipment and supplies

Telephone

01270812433

Next Accounts Due

March 2025

Group Structure

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Directors

Andrew Henderson24 Years

Clare Henderson23 Years

Shareholders

a.r. henderson 51%

c.e. henderson 24%

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independent feeds limited Estimated Valuation

£853.7k

Pomanda estimates the enterprise value of INDEPENDENT FEEDS LIMITED at £853.7k based on a Turnover of £2.8m and 0.31x industry multiple (adjusted for size and gross margin).

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Independent Feeds Limited is a live company located in cheshire, CW3 0JB with a Companies House number of 03783491. It operates in the wholesale of agricultural machinery, equipment and supplies sector, SIC Code 46610. Founded in June 1999, it's largest shareholder is a.r. henderson with a 51% stake. Independent Feeds Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Independent Feeds Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£25.3m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.3%)

EXPORT

Independent Feeds Limited's latest turnover from June 2023 is estimated at £2.8 million and the company has net assets of £52.1 thousand. According to their latest financial statements, Independent Feeds Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,790,376	3,410,837	2,761,204	3,000,290	3,246,523	2,305,629	2,015,725	1,684,305	1,745,747	2,740,896	3,924,629	3,184,160	2,895,401	2,290,625
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,503,344	3,055,477	2,499,489	2,724,848	2,920,103	2,070,457	1,816,660	1,512,378	1,566,978	2,461,628	3,562,803	2,896,980	2,599,833	2,077,255
Gross Profit	287,032	355,360	261,714	275,442	326,421	235,172	199,064	171,927	178,770	279,268	361,826	287,181	295,569	213,370
Admin Expenses	259,436	352,609	260,931	276,959	318,419	221,375	186,629	174,415	201,278	288,272	325,558	300,468	265,970	204,184
Operating Profit	27,596	2,751	783	-1,517	8,002	13,797	12,435	-2,488	-22,508	-9,004	36,268	-13,287	29,599	9,186
Interest Payable	0	0	0	0	1,524	2,189	2,549	1,930	0	0	0	0	0	0
Interest Receivable	0	0	0	0	1	1	0	0	0	87	88	2	1	0
Pre-Tax Profit	27,596	2,751	783	-1,517	6,479	11,610	9,886	-4,418	-22,508	-8,917	36,356	-13,285	29,600	9,186
Tax	-6,899	-523	-149	0	-1,231	-2,206	-1,878	0	0	0	-8,362	0	-7,696	-2,572
Profit After Tax	20,697	2,228	634	-1,517	5,248	9,404	8,008	-4,418	-22,508	-8,917	27,994	-13,285	21,904	6,614
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	20,697	2,228	634	-1,517	5,248	9,404	8,008	-4,418	-22,508	-8,917	27,994	-13,285	21,904	6,614
Employee Costs	208,218	198,908	228,377	260,923	257,605	258,045	245,557	97,733	96,373	162,720	223,344	208,248	180,466	148,083
Number Of Employees	5	5	6	7	7	7	7	3	3	5	7	7	6	5
EBITDA*	27,596	2,751	783	-1,517	25,709	28,901	19,878	15,104	5,538	11,635	55,254	5,505	42,173	20,850

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	41,944	57,617	37,189	29,653	36,853	54,560	13,827	14,270	32,736	62,147	38,308	57,294	27,025	13,936
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	41,944	57,617	37,189	29,653	36,853	54,560	13,827	14,270	32,736	62,147	38,308	57,294	27,025	13,936
Stock & work in progress	0	0	0	0	0	28,586	11,269	13,907	9,252	17,917	9,923	10,165	15,026	16,979
Trade Debtors	717,406	753,189	638,485	635,270	704,383	666,624	615,668	480,373	480,124	742,509	1,029,142	797,893	752,059	578,926
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	2,732	0	583	0	0	0	0	0	0
Cash	0	0	0	0	0	246	209	109	62	10	34,647	403	215	2
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	717,406	753,189	638,485	635,270	704,383	698,188	627,146	494,972	489,438	760,436	1,073,712	808,461	767,300	595,907
total assets	759,350	810,806	675,674	664,923	741,236	752,748	640,973	509,242	522,174	822,583	1,112,020	865,755	794,325	609,843
Bank overdraft	0	0	0	0	0	45,156	22,185	59,398	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	673,054	732,968	599,447	623,474	686,849	613,031	578,405	416,878	497,238	762,466	1,051,543	819,642	752,919	599,118
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	0	0	0	0	0	15,609	5,959	6,176	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	9,430	15,301	9,593	0	0	0	0	0	0
total current liabilities	673,054	732,968	599,447	623,474	686,849	683,226	621,850	492,045	497,238	762,466	1,051,543	819,642	752,919	599,118
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	33,360	0	5,959	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	28,736	40,975	40,000	7,288	17,341	0	0	0	12,134	24,807	16,250	29,880	8,113	3,111
provisions	5,474	5,474	7,066	5,634	7,002	10,366	2,731	2,854	0	0	0	0	3,775	0
total long term liabilities	34,210	46,449	47,066	12,922	24,343	43,726	2,731	8,813	12,134	24,807	16,250	29,880	11,888	3,111
total liabilities	707,264	779,417	646,513	636,396	711,192	726,952	624,581	500,858	509,372	787,273	1,067,793	849,522	764,807	602,229
net assets	52,086	31,389	29,161	28,527	30,044	25,796	16,392	8,384	12,802	35,310	44,227	16,233	29,518	7,614
total shareholders funds	52,086	31,389	29,161	28,527	30,044	25,796	16,392	8,384	12,802	35,310	44,227	16,233	29,518	7,614

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	27,596	2,751	783	-1,517	8,002	13,797	12,435	-2,488	-22,508	-9,004	36,268	-13,287	29,599	9,186
Depreciation	0	0	0	0	17,707	15,104	7,443	17,592	28,046	20,639	18,986	18,792	12,574	11,664
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,899	-523	-149	0	-1,231	-2,206	-1,878	0	0	0	-8,362	0	-7,696	-2,572
Stock	0	0	0	0	-28,586	17,317	-2,638	4,655	-8,665	7,994	-242	-4,861	-1,953	16,979
Debtors	-35,783	114,704	3,215	-69,113	35,027	53,688	134,712	832	-262,385	-286,633	231,249	45,834	173,133	578,926
Creditors	-59,914	133,521	-24,027	-63,375	73,818	34,626	161,527	-80,360	-265,228	-289,077	231,901	66,723	153,801	599,118
Accruals and Deferred Income	0	0	0	0	-9,430	-5,871	5,708	9,593	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-1,592	1,432	-1,368	-3,364	7,635	-123	2,854	0	0	0	-3,775	3,775	0
Cash flow from operations	-3,434	19,453	-25,176	2,853	79,061	-7,920	53,038	-58,296	11,360	1,197	47,786	27,480	20,873	21,491
Investing Activities
capital expenditure	15,673	-20,428	-7,536	7,200	0	-55,837	-7,000	874	1,365	-44,478	0	-49,061	-25,663	-25,600
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	15,673	-20,428	-7,536	7,200	0	-55,837	-7,000	874	1,365	-44,478	0	-49,061	-25,663	-25,600
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	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-48,969	43,010	-6,176	12,135	0	0	0	0	0	0
other long term liabilities	-12,239	975	32,712	-10,053	17,341	0	0	-12,134	-12,673	8,557	-13,630	21,767	5,002	3,111
share issue	0	0	0	0	-1,000	0	0	0	0	0	0	0	0	1,000
interest	0	0	0	0	-1,523	-2,188	-2,549	-1,930	0	87	88	2	1	0
cash flow from financing	-12,239	975	32,712	-10,053	-34,151	40,822	-8,725	-1,929	-12,673	8,644	-13,542	21,769	5,003	4,111
cash and cash equivalents
cash	0	0	0	0	-246	37	100	47	52	-34,637	34,244	188	213	2
overdraft	0	0	0	0	-45,156	22,971	-37,213	59,398	0	0	0	0	0	0
change in cash	0	0	0	0	44,910	-22,934	37,313	-59,351	52	-34,637	34,244	188	213	2

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INDEPENDENT FEEDS LIMITED group structure

Independent Feeds Limited has no subsidiary companies.

Ultimate parent company

INDEPENDENT FEEDS LIMITED

03783491

INDEPENDENT FEEDS LIMITED Shareholders

a.r. henderson	51%
c.e. henderson	24%
j.a. hope	5%
a.c. henderson	5%
h.e. henderson	5%
c. hamilton	5%
k.j. windsor	2.5%
e.l. windsor	2.5%

Independent Feeds Limited currently has 2 directors. The longest serving directors include Mr Andrew Henderson (Jun 1999) and Ms Clare Henderson (Jul 2000).

officer	country	age	start	end	role
Mr Andrew Henderson		60 years	Jun 1999	-	Director
Ms Clare Henderson		60 years	Jul 2000	-	Director

P&L

June 2023

turnover

2.8m

-18%

operating profit

27.6k

gross margin

10.3%

-1.27%

turnover

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

Balance Sheet

June 2023

net assets

52.1k

+0.66%

total assets

759.4k

-0.06%

cash

net assets

Total assets minus all liabilities

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company number

03783491

Type

Private limited with Share Capital

industry

46610 - Wholesale of agricultural machinery, equipment and supplies

incorporation date

June 1999

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

newline cheshire ltd (March 2001)

incorporated

address

ball farm hall lane, hankelow nr audley, cheshire, CW3 0JB

last accounts submitted

June 2023

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 1 charges/mortgages relating to independent feeds limited. Currently there are 1 open charges and 0 have been satisfied in the past.

independent feeds limited Company Information

independent feeds limited Estimated Valuation

independent feeds limited Estimated Valuation

independent feeds limited Estimated Valuation

Independent Feeds Limited Overview

Independent Feeds Limited Health Check

INDEPENDENT FEEDS LIMITED financials

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independent feeds limited Ownership

independent feeds limited directors

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