The Freedown Food Company Limited

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the freedown food company limited Company Information

Live

MatureMidHealthy

Company Number

03816255

Website

http://freedownfood.co.uk

Registered Address

unit 43, london stone business estate, london, SW8 3QR

Industry

Wholesale of meat and meat products

Telephone

02077204520

Next Accounts Due

September 2024

Group Structure

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Directors

John Bengue24 Years

Daniel Russell24 Years

Shareholders

j.p.a. bengue 50%

d.c.e. russell 50%

the freedown food company limited Estimated Valuation

£3.1m - £5.2m

The estimated valuation range for the freedown food company limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £3.1m to £5.2m

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The Freedown Food Company Limited AI Business Plan

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The Freedown Food Company Limited is a live company located in london, SW8 3QR with a Companies House number of 03816255. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in July 1999, it's largest shareholder is j.p.a. bengue with a 50% stake. The Freedown Food Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded The Freedown Food Company Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £13.2m, make it smaller than the average company (£24.2m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE FREEDOWN FOOD COMPANY LIMITED group structure

The Freedown Food Company Limited has no subsidiary companies.

Ultimate parent company

THE FREEDOWN FOOD COMPANY LIMITED

03816255

THE FREEDOWN FOOD COMPANY LIMITED Shareholders

j.p.a. bengue	50%
d.c.e. russell	50%

The Freedown Food Company Limited currently has 2 directors. The longest serving directors include Mr John Bengue (Sep 1999) and Mr Daniel Russell (Sep 1999).

officer	country	age	start	end	role
Mr John Bengue		56 years	Sep 1999	-	Director
Mr Daniel Russell		62 years	Sep 1999	-	Director

EXPORT

The Freedown Food Company Limited's latest turnover from December 2022 is estimated at £13.2 million and the company has net assets of £1.5 million. According to their latest financial statements, The Freedown Food Company Limited has 23 employees and maintains cash reserves of £410.2 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	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	13,184,129	9,707,984	7,797,290	11,705,477	10,944,562	10,501,191	13,685,220	14,836,299	11,210,362	11,475,108	10,810,878	5,838,635	4,065,242	3,087,571
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,537,793	8,657,386	6,964,550	10,384,416	9,889,463	9,630,808	12,273,033	13,269,781	10,080,966	10,301,412	9,640,408	5,205,999	3,591,634	2,773,978
Gross Profit	1,646,335	1,050,599	832,740	1,321,060	1,055,099	870,382	1,412,187	1,566,518	1,129,396	1,173,697	1,170,471	632,636	473,608	313,594
Admin Expenses	520,610	459,532	804,403	1,229,706	805,428	782,853	1,629,842	1,607,392	1,019,492	927,838	1,106,102	615,048	445,592	293,968
Operating Profit	1,125,725	591,067	28,337	91,354	249,671	87,529	-217,655	-40,874	109,904	245,859	64,369	17,588	28,016	19,626
Interest Payable	76,343	67,672	76,269	87,615	73,561	31,718	0	0	0	9,096	9,096	9,096	0	0
Interest Receivable	17,183	1,473	330	323	568	331	61	295	617	524	178	257	262	118
Pre-Tax Profit	1,066,564	524,868	-47,601	4,062	176,678	56,142	-217,594	-40,579	110,520	237,287	55,451	8,749	28,278	19,743
Tax	-202,647	-99,725	0	-772	-33,569	-10,667	0	0	-23,209	-54,576	-13,308	-2,275	-7,918	-5,528
Profit After Tax	863,917	425,143	-47,601	3,290	143,109	45,475	-217,594	-40,579	87,311	182,711	42,143	6,474	20,360	14,215
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	863,917	425,143	-47,601	3,290	143,109	45,475	-217,594	-40,579	87,311	182,711	42,143	6,474	20,360	14,215
Employee Costs	956,001	825,429	1,023,506	1,022,170	791,475	734,693	742,797	1,054,873	768,156	801,350	689,560	384,571	298,718	238,073
Number Of Employees	23	24	29	30	24	24	25	36	26	28	26	14	11	8
EBITDA*	1,158,431	621,609	73,295	141,228	289,120	118,417	-201,164	-29,630	120,891	255,390	78,418	24,584	31,896	59,086

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	93,098	38,294	52,872	97,830	109,333	103,175	53,367	24,071	12,792	20,424	27,355	22,172	10,803	5,076
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	93,098	38,294	52,872	97,830	109,333	103,175	53,367	24,071	12,792	20,424	27,355	22,172	10,803	5,076
Stock & work in progress	962,861	757,646	496,375	846,248	633,700	676,638	617,144	653,660	583,932	540,104	573,903	430,703	290,210	240,711
Trade Debtors	1,521,277	1,090,926	723,281	1,418,534	1,387,941	1,130,585	1,081,392	1,208,071	878,672	883,674	747,189	574,733	343,490	264,032
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	281,015	174,172	81,029	115,678	81,513	314,984	125,224	0	0	0	0	10,792	20,762	7,502
Cash	410,177	571,693	606,605	54,010	32,161	119,302	13,188	35,895	82,033	164,634	26,403	44,939	57,793	46,999
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,175,330	2,594,437	1,907,290	2,434,470	2,135,315	2,241,509	1,836,948	1,897,626	1,544,637	1,588,412	1,347,495	1,061,167	712,255	559,244
total assets	3,268,428	2,632,731	1,960,162	2,532,300	2,244,648	2,344,684	1,890,315	1,921,697	1,557,429	1,608,836	1,374,850	1,083,339	723,058	564,320
Bank overdraft	0	0	0	10,327	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	279,877	0	0
Trade Creditors	767,459	547,146	393,566	485,055	414,181	728,851	1,792,417	1,603,602	1,201,358	1,340,076	1,246,658	282,169	241,414	183,570
Group/Directors Accounts	94,813	94,898	101,091	132,408	171,663	169,513	0	0	0	0	0	0	139,993	303,681
other short term finances	150,000	507,223	1,108,274	1,382,014	1,203,662	975,937	0	0	0	0	0	0	0	0
hp & lease commitments	0	18,717	33,098	27,248	17,358	17,714	0	0	0	0	0	0	0	0
other current liabilities	301,650	240,157	71,916	153,790	122,947	280,250	0	0	0	0	0	435,244	262,076	17,854
total current liabilities	1,313,922	1,408,141	1,707,945	2,190,842	1,929,811	2,172,265	1,792,417	1,603,602	1,201,358	1,340,076	1,246,658	997,290	643,483	505,105
loans	400,000	550,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	33,098	7,582	24,940	0	0	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	0	0	0	0	0	0
provisions	23,275	7,276	10,046	18,588	20,773	4,106	0	2,603	0	0	0	0	0	0
total long term liabilities	423,275	557,276	10,046	51,686	28,355	29,046	0	2,603	0	0	0	0	0	0
total liabilities	1,737,197	1,965,417	1,717,991	2,242,528	1,958,166	2,201,311	1,792,417	1,606,205	1,201,358	1,340,076	1,246,658	997,290	643,483	505,105
net assets	1,531,231	667,314	242,171	289,772	286,482	143,373	97,898	315,492	356,071	268,760	128,192	86,049	79,575	59,215
total shareholders funds	1,531,231	667,314	242,171	289,772	286,482	143,373	97,898	315,492	356,071	268,760	128,192	86,049	79,575	59,215

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,125,725	591,067	28,337	91,354	249,671	87,529	-217,655	-40,874	109,904	245,859	64,369	17,588	28,016	19,626
Depreciation	32,706	30,542	44,958	49,874	39,449	30,888	16,491	11,244	10,987	9,531	14,049	6,996	3,880	39,460
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-202,647	-99,725	0	-772	-33,569	-10,667	0	0	-23,209	-54,576	-13,308	-2,275	-7,918	-5,528
Stock	205,215	261,271	-349,873	212,548	-42,938	59,494	-36,516	69,728	43,828	109,401	143,200	140,493	49,499	240,711
Debtors	537,194	460,788	-729,902	64,758	23,885	238,953	-1,455	329,399	-5,002	298,149	161,664	221,273	92,718	271,534
Creditors	220,313	153,580	-91,489	70,874	-314,670	-1,063,566	188,815	402,244	-138,718	1,057,907	964,489	40,755	57,844	183,570
Accruals and Deferred Income	61,493	168,241	-81,874	30,843	-157,303	280,250	0	0	0	-435,244	-435,244	173,168	244,222	17,854
Deferred Taxes & Provisions	15,999	-2,770	-8,542	-2,185	16,667	4,106	-2,603	2,603	0	0	0	0	0	0
Cash flow from operations	511,180	118,876	971,165	-37,318	-180,702	-969,907	23,019	-23,910	-79,862	415,927	289,491	-125,534	183,827	-257,263
Investing Activities
capital expenditure	-87,510	-15,964	0	-38,371	-45,607	-80,696	-45,787	-22,523	-3,355	-7,783	-19,232	-18,365	-9,607	-44,536
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-87,510	-15,964	0	-38,371	-45,607	-80,696	-45,787	-22,523	-3,355	-7,783	-19,232	-18,365	-9,607	-44,536
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	-279,877	-279,877	279,877	0	0
Group/Directors Accounts	-85	-6,193	-31,317	-39,255	2,150	169,513	0	0	0	0	0	-139,993	-163,688	303,681
Other Short Term Loans	-357,223	-601,051	-273,740	178,352	227,725	975,937	0	0	0	0	0	0	0	0
Long term loans	-150,000	550,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-18,717	-14,381	-27,248	35,406	-17,714	42,654	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	45,000
interest	-59,160	-66,199	-75,939	-87,292	-72,993	-31,387	61	295	617	-8,572	-8,918	-8,839	262	118
cash flow from financing	-585,185	-137,824	-408,244	87,211	139,168	1,156,717	61	295	617	-288,449	-288,795	131,045	-163,426	348,799
cash and cash equivalents
cash	-161,516	-34,912	552,595	21,849	-87,141	106,114	-22,707	-46,138	-82,601	119,695	-18,536	-12,854	10,794	46,999
overdraft	0	0	-10,327	10,327	0	0	0	0	0	0	0	0	0	0
change in cash	-161,516	-34,912	562,922	11,522	-87,141	106,114	-22,707	-46,138	-82,601	119,695	-18,536	-12,854	10,794	46,999

P&L

December 2022

turnover

13.2m

+36%

operating profit

1.1m

gross margin

12.5%

+15.39%

turnover

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

Balance Sheet

December 2022

net assets

1.5m

+1.29%

total assets

3.3m

+0.24%

cash

410.2k

-0.28%

net assets

Total assets minus all liabilities

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company number

03816255

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

July 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 43, london stone business estate, london, SW8 3QR

last accounts submitted

December 2022

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 4 charges/mortgages relating to the freedown food company limited. Currently there are 2 open charges and 2 have been satisfied in the past.

the freedown food company limited Company Information

the freedown food company limited Estimated Valuation

the freedown food company limited Estimated Valuation

the freedown food company limited Estimated Valuation

The Freedown Food Company Limited AI Business Plan

The Freedown Food Company Limited Overview

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the freedown food company limited Ownership

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THE FREEDOWN FOOD COMPANY LIMITED financials

the freedown food company limited company details

the freedown food company limited Charges & Mortgages

the freedown food company limited Companies House Filings - See Documents