prime molasses limited
prime molasses limited Company Information
Company Number
03814050
Website
www.primemolasses.comRegistered Address
5c business park, 1 concorde drive, clevedon, bristol, BS21 6UH
Industry
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
Telephone
01697333074
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
peter cremer gmbh 100%
prime molasses limited Estimated Valuation
Pomanda estimates the enterprise value of PRIME MOLASSES LIMITED at £5.7m based on a Turnover of £14.5m and 0.4x industry multiple (adjusted for size and gross margin).
prime molasses limited Estimated Valuation
Pomanda estimates the enterprise value of PRIME MOLASSES LIMITED at £1.7m based on an EBITDA of £318.9k and a 5.2x industry multiple (adjusted for size and gross margin).
prime molasses limited Estimated Valuation
Pomanda estimates the enterprise value of PRIME MOLASSES LIMITED at £2.9m based on Net Assets of £1.9m and 1.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Prime Molasses Limited Overview
Prime Molasses Limited is a live company located in clevedon, BS21 6UH with a Companies House number of 03814050. It operates in the wholesale of grain, unmanufactured tobacco, seeds and animal feeds sector, SIC Code 46210. Founded in July 1999, it's largest shareholder is peter cremer gmbh with a 100% stake. Prime Molasses Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.5m with high growth in recent years.
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Prime Molasses Limited Health Check
Pomanda's financial health check has awarded Prime Molasses Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £14.5m, make it smaller than the average company (£25.9m)
- Prime Molasses Limited
£25.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.6%)
- Prime Molasses Limited
5.6% - Industry AVG
Production
with a gross margin of 9.1%, this company has a comparable cost of product (9.1%)
- Prime Molasses Limited
9.1% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (2.8%)
- Prime Molasses Limited
2.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (34)
7 - Prime Molasses Limited
34 - Industry AVG
Pay Structure
on an average salary of £50.4k, the company has an equivalent pay structure (£50.4k)
- Prime Molasses Limited
£50.4k - Industry AVG
Efficiency
resulting in sales per employee of £2.1m, this is more efficient (£1.2m)
- Prime Molasses Limited
£1.2m - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (42 days)
- Prime Molasses Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (27 days)
- Prime Molasses Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (37 days)
- Prime Molasses Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Prime Molasses Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.4%, this is a similar level of debt than the average (58%)
56.4% - Prime Molasses Limited
58% - Industry AVG
PRIME MOLASSES LIMITED financials
Prime Molasses Limited's latest turnover from December 2022 is estimated at £14.5 million and the company has net assets of £1.9 million. According to their latest financial statements, Prime Molasses Limited has 7 employees and maintains cash reserves of £13.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,824,772 | 13,617,438 | 14,573,380 | 14,378,379 | 13,265,616 | 11,156,561 | 11,287,643 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 9,730,271 | 10,444,869 | 12,177,797 | 11,319,776 | 10,529,827 | 9,021,546 | 9,110,576 | ||||||
| Gross Profit | 3,094,501 | 3,172,569 | 2,395,583 | 3,058,603 | 2,735,789 | 2,135,015 | 2,177,067 | ||||||
| Admin Expenses | 2,268,196 | 2,274,853 | 1,905,485 | 2,093,163 | 1,950,955 | 1,616,492 | 1,612,128 | ||||||
| Operating Profit | 826,305 | 897,716 | 490,098 | 965,440 | 784,834 | 518,523 | 564,939 | ||||||
| Interest Payable | 0 | 44 | 6,326 | 4,410 | 27,123 | 9,152 | 8,955 | ||||||
| Interest Receivable | 1,749 | 3,324 | 5,329 | 2,194 | 1,253 | 2,634 | 3,283 | ||||||
| Pre-Tax Profit | 828,054 | 902,996 | 489,101 | 963,224 | 758,964 | 512,005 | 559,267 | ||||||
| Tax | -169,772 | -191,107 | -114,889 | -233,573 | -197,496 | -150,238 | -161,771 | ||||||
| Profit After Tax | 658,282 | 711,889 | 374,212 | 729,651 | 561,468 | 361,767 | 397,496 | ||||||
| Dividends Paid | 683,241 | 550,861 | 758,495 | 664,431 | 443,136 | 355,206 | 0 | ||||||
| Retained Profit | -24,959 | 161,028 | -384,283 | 65,220 | 118,332 | 6,561 | 397,496 | ||||||
| Employee Costs | 327,065 | 309,606 | |||||||||||
| Number Of Employees | 7 | 7 | 7 | 6 | 6 | 6 | 7 | 6 | |||||
| EBITDA* | 829,641 | 902,913 | 495,602 | 974,543 | 793,173 | 555,540 | 598,942 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 31,705 | 30,821 | 12,580 | 9,135 | 8,636 | 3,247 | 5,034 | 4,474 | 9,671 | 14,085 | 17,005 | 93,657 | 115,371 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,304 | 43,049 | 57,399 |
| Total Fixed Assets | 31,708 | 30,824 | 12,583 | 9,138 | 8,639 | 3,250 | 5,036 | 4,476 | 9,673 | 14,087 | 43,311 | 136,708 | 172,772 |
| Stock & work in progress | 153,099 | 54,288 | 19,581 | 62,354 | 15,251 | 20,703 | 123,674 | 100,931 | 140,129 | 196,254 | 367,690 | 475,732 | 96,450 |
| Trade Debtors | 3,895,966 | 2,623,639 | 2,563,063 | 1,772,618 | 1,965,575 | 2,446,246 | 1,246,804 | 1,309,030 | 1,314,769 | 1,807,197 | 1,372,897 | 997,908 | 1,006,823 |
| Group Debtors | 0 | 0 | 0 | 0 | 100,000 | 121,395 | 0 | 0 | 0 | 0 | 0 | 0 | 6,382 |
| Misc Debtors | 171,371 | 133,602 | 117,047 | 150,475 | 123,834 | 100,786 | 90,407 | 86,329 | 93,506 | 117,267 | 174,187 | 97,286 | 68,918 |
| Cash | 13,479 | 1,002,619 | 1,207,656 | 1,036,421 | 703,353 | 502,202 | 970,564 | 831,733 | 1,179,053 | 1,517,138 | 1,157,027 | 1,401,848 | 1,721,827 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,233,915 | 3,814,148 | 3,907,347 | 3,021,868 | 2,908,013 | 3,191,332 | 2,431,449 | 2,328,023 | 2,727,457 | 3,637,856 | 3,071,801 | 2,972,774 | 2,900,400 |
| total assets | 4,265,623 | 3,844,972 | 3,919,930 | 3,031,006 | 2,916,652 | 3,194,582 | 2,436,485 | 2,332,499 | 2,737,130 | 3,651,943 | 3,115,112 | 3,109,482 | 3,073,172 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 121,154 | 77,968 | 236,700 | 474,499 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 312,180 | 223,751 | 218,626 | 169,199 | 211,578 | 357,456 | 235,868 | 153,811 | 255,288 | 226,655 | 188,802 | 233,897 | 150,956 |
| Group/Directors Accounts | 1,539,812 | 1,441,442 | 1,628,938 | 931,964 | 866,774 | 1,631,956 | 536,876 | 489,320 | 970,097 | 1,462,564 | 940,806 | 705,908 | 1,001,376 |
| other short term finances | 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 | 27,703 | 32,336 |
| other current liabilities | 554,936 | 582,805 | 561,950 | 408,810 | 767,132 | 627,468 | 775,643 | 776,159 | 637,345 | 746,134 | 674,684 | 623,062 | 810,864 |
| total current liabilities | 2,406,928 | 2,247,998 | 2,409,514 | 1,509,973 | 1,845,484 | 2,616,880 | 1,548,387 | 1,419,290 | 1,983,884 | 2,513,321 | 2,040,992 | 2,065,069 | 1,995,532 |
| loans | 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 | 46,171 | 73,874 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,658 | 55,008 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 479 | 631 | 1,696 | 2,789 | 3,507 | 5,301 | 3,036 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 479 | 631 | 1,696 | 2,789 | 3,507 | 92,130 | 131,918 |
| total liabilities | 2,406,928 | 2,247,998 | 2,409,514 | 1,509,973 | 1,845,484 | 2,616,880 | 1,548,866 | 1,419,921 | 1,985,580 | 2,516,110 | 2,044,499 | 2,157,199 | 2,127,450 |
| net assets | 1,858,695 | 1,596,974 | 1,510,416 | 1,521,033 | 1,071,168 | 577,702 | 887,619 | 912,578 | 751,550 | 1,135,833 | 1,070,613 | 952,283 | 945,722 |
| total shareholders funds | 1,858,695 | 1,596,974 | 1,510,416 | 1,521,033 | 1,071,168 | 577,702 | 887,619 | 912,578 | 751,550 | 1,135,833 | 1,070,613 | 952,283 | 945,722 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 826,305 | 897,716 | 490,098 | 965,440 | 784,834 | 518,523 | 564,939 | ||||||
| Depreciation | 13,580 | 8,846 | 5,050 | 4,600 | 2,377 | 2,763 | 3,336 | 5,197 | 5,504 | 9,103 | 8,339 | 37,017 | 34,003 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -169,772 | -191,107 | -114,889 | -233,573 | -197,496 | -150,238 | -161,771 | ||||||
| Stock | 98,811 | 34,707 | -42,773 | 47,103 | -5,452 | -102,971 | 22,743 | -39,198 | -56,125 | -171,436 | -108,042 | 379,282 | 96,450 |
| Debtors | 1,310,096 | 77,131 | 757,017 | -266,316 | -479,018 | 1,331,216 | -58,148 | -12,916 | -516,189 | 351,076 | 435,145 | -1,279 | 1,139,522 |
| Creditors | 88,429 | 5,125 | 49,427 | -42,379 | -145,878 | 121,588 | 82,057 | -101,477 | 28,633 | 37,853 | -45,095 | 82,941 | 150,956 |
| Accruals and Deferred Income | -27,869 | 20,855 | 153,140 | -358,322 | 139,664 | -148,175 | -516 | 138,814 | -108,789 | 71,450 | 10,964 | -202,152 | 865,872 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -479 | -152 | -1,065 | -1,093 | -718 | -1,794 | 2,265 | 3,036 |
| Cash flow from operations | 776,663 | 800,192 | 871,778 | 669,915 | 232,649 | -89,647 | 221,063 | ||||||
| Investing Activities | |||||||||||||
| capital expenditure | -8,312 | 67,480 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| cash flow from investments | -8,312 | 67,480 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 98,370 | -187,496 | 696,974 | 65,190 | -765,182 | 1,095,080 | 47,556 | -480,777 | -492,467 | 521,758 | 234,898 | -295,468 | 1,001,376 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -73,874 | -32,336 | 106,210 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 1,749 | 3,280 | -997 | -2,216 | -25,870 | -6,518 | -5,672 | ||||||
| cash flow from financing | 49,305 | -477,497 | -493,464 | 519,542 | 135,152 | -334,322 | 1,650,140 | ||||||
| cash and cash equivalents | |||||||||||||
| cash | -989,140 | -205,037 | 171,235 | 333,068 | 201,151 | -468,362 | 138,831 | -347,320 | -338,085 | 360,111 | -244,821 | -319,979 | 1,721,827 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -121,154 | 43,186 | -158,732 | -237,799 | 474,499 | 0 |
| change in cash | -989,140 | -205,037 | 171,235 | 333,068 | 201,151 | -468,362 | 138,831 | -226,166 | -381,271 | 518,843 | -7,022 | -794,478 | 1,721,827 |
prime molasses limited Credit Report and Business Information
Prime Molasses Limited Competitor Analysis
Perform a competitor analysis for prime molasses limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
prime molasses limited Ownership
PRIME MOLASSES LIMITED group structure
Prime Molasses Limited has 1 subsidiary company.
Ultimate parent company
PETER CREMER GMBH
#0033460
1 parent
PRIME MOLASSES LIMITED
03814050
1 subsidiary
prime molasses limited directors
Prime Molasses Limited currently has 3 directors. The longest serving directors include Mr Daniel Hughes (Jan 2018) and Mr Brian Doran (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Hughes | England | 34 years | Jan 2018 | - | Director |
| Mr Brian Doran | England | 58 years | Jan 2023 | - | Director |
| Mr Christian Kirsch | Germany | 50 years | Jun 2023 | - | Director |
P&L
December 2022turnover
14.5m
+44%
operating profit
305.3k
0%
gross margin
9.2%
-10.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.9m
+0.16%
total assets
4.3m
+0.11%
cash
13.5k
-0.99%
net assets
Total assets minus all liabilities
Similar Companies
prime molasses limited company details
company number
03814050
Type
Private limited with Share Capital
industry
46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds
incorporation date
July 1999
age
25
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
5c business park, 1 concorde drive, clevedon, bristol, BS21 6UH
last accounts submitted
December 2022
prime molasses 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 2 charges/mortgages relating to prime molasses limited. Currently there are 1 open charges and 1 have been satisfied in the past.
prime molasses limited Companies House Filings - See Documents
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