worldwide fruit limited Company Information
Company Number
03831143
Website
www.worldwidefruit.co.ukRegistered Address
worldwide fruit, apple way, wardentree lane, spalding, lincolnshire, PE11 3BB
Industry
Wholesale of fruit and vegetables
Telephone
01775717001
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
fruition po ltd 50%
enzafruit new zealand international limited 50%
worldwide fruit limited Estimated Valuation
Pomanda estimates the enterprise value of WORLDWIDE FRUIT LIMITED at £55.7m based on a Turnover of £166.4m and 0.33x industry multiple (adjusted for size and gross margin).
worldwide fruit limited Estimated Valuation
Pomanda estimates the enterprise value of WORLDWIDE FRUIT LIMITED at £19.5m based on an EBITDA of £3.4m and a 5.7x industry multiple (adjusted for size and gross margin).
worldwide fruit limited Estimated Valuation
Pomanda estimates the enterprise value of WORLDWIDE FRUIT LIMITED at £12.6m based on Net Assets of £6.3m and 2.01x industry multiple (adjusted for liquidity).
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Worldwide Fruit Limited Overview
Worldwide Fruit Limited is a live company located in spalding, PE11 3BB with a Companies House number of 03831143. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in August 1999, it's largest shareholder is fruition po ltd with a 50% stake. Worldwide Fruit Limited is a mature, mega sized company, Pomanda has estimated its turnover at £166.4m with low growth in recent years.
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Worldwide Fruit Limited Health Check
Pomanda's financial health check has awarded Worldwide Fruit Limited a 2 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 £166.4m, make it larger than the average company (£21.9m)
£166.4m - Worldwide Fruit Limited
£21.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.6%)
1% - Worldwide Fruit Limited
2.6% - Industry AVG
Production
with a gross margin of 5.9%, this company has a higher cost of product (11.8%)
5.9% - Worldwide Fruit Limited
11.8% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (2.5%)
1.4% - Worldwide Fruit Limited
2.5% - Industry AVG
Employees
with 453 employees, this is above the industry average (52)
453 - Worldwide Fruit Limited
52 - Industry AVG
Pay Structure
on an average salary of £32.3k, the company has an equivalent pay structure (£34.6k)
£32.3k - Worldwide Fruit Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £367.4k, this is less efficient (£458.8k)
£367.4k - Worldwide Fruit Limited
£458.8k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (33 days)
20 days - Worldwide Fruit Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is close to average (33 days)
32 days - Worldwide Fruit Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is in line with average (8 days)
9 days - Worldwide Fruit Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)
3 weeks - Worldwide Fruit Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.4%, this is a higher level of debt than the average (61.1%)
75.4% - Worldwide Fruit Limited
61.1% - Industry AVG
worldwide fruit limited Credit Report and Business Information
Worldwide Fruit Limited Competitor Analysis
Perform a competitor analysis for worldwide fruit limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
worldwide fruit limited Ownership
WORLDWIDE FRUIT LIMITED group structure
Worldwide Fruit Limited has no subsidiary companies.
Ultimate parent company
WORLDWIDE FRUIT LIMITED
03831143
worldwide fruit limited directors
Worldwide Fruit Limited currently has 6 directors. The longest serving directors include Mr Paul Mansfield (Mar 2004) and Mr Robert Hinge (Feb 2009).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Paul Mansfield | United Kingdom | 63 years | Mar 2004 | - | Director |
Mr Robert Hinge | 60 years | Feb 2009 | - | Director | |
Mr Bastian Von Streit | 44 years | Oct 2018 | - | Director | |
Mr Gareth Edgecombe | 52 years | Mar 2019 | - | Director | |
Mr Douglas Bygrave | 58 years | Oct 2019 | - | Director | |
Mr David Long | 51 years | Mar 2023 | - | Director |
WORLDWIDE FRUIT LIMITED financials
Worldwide Fruit Limited's latest turnover from December 2022 is £166.4 million and the company has net assets of £6.3 million. According to their latest financial statements, Worldwide Fruit Limited has 453 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 166,416,000 | 219,874,000 | 222,821,000 | 160,984,000 | 155,321,000 | 204,864,000 | 119,318,000 | 111,196,000 | 116,101,000 | 113,248,000 | 104,432,000 | 98,450,000 | 94,420,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 156,528,000 | 206,801,000 | 206,132,000 | 148,197,000 | 143,713,000 | 191,823,000 | 110,143,000 | 101,384,000 | 108,381,000 | 106,512,000 | 97,512,000 | 91,285,000 | 87,877,000 |
Gross Profit | 9,888,000 | 13,073,000 | 16,689,000 | 12,787,000 | 11,608,000 | 13,041,000 | 9,175,000 | 9,812,000 | 7,720,000 | 6,736,000 | 6,920,000 | 7,165,000 | 6,543,000 |
Admin Expenses | 7,535,000 | 9,015,000 | 12,705,000 | 9,762,000 | 8,950,000 | 9,927,000 | 6,294,000 | 6,722,000 | 5,618,000 | 4,990,000 | 4,882,000 | 5,069,000 | 4,464,000 |
Operating Profit | 2,353,000 | 4,058,000 | 3,984,000 | 3,025,000 | 2,658,000 | 3,114,000 | 2,881,000 | 3,090,000 | 2,102,000 | 1,746,000 | 2,038,000 | 2,096,000 | 2,079,000 |
Interest Payable | 44,000 | 70,000 | 72,000 | 61,000 | 72,000 | 133,000 | 104,000 | 126,000 | 100,000 | 211,000 | 275,000 | 369,000 | 518,000 |
Interest Receivable | 24,000 | 2,000 | 9,000 | 12,000 | 53,000 | 56,000 | 24,000 | 5,000 | 7,000 | 3,000 | 2,000 | 2,000 | 8,000 |
Pre-Tax Profit | 2,416,000 | 4,070,000 | 4,021,000 | 3,016,000 | 2,637,000 | 3,037,000 | 2,801,000 | 2,969,000 | 2,009,000 | 1,538,000 | 1,765,000 | 1,696,000 | 1,533,000 |
Tax | -427,000 | -899,000 | -626,000 | -805,000 | -505,000 | -618,000 | -625,000 | -603,000 | -415,000 | -424,000 | -502,000 | -532,000 | -380,000 |
Profit After Tax | 1,989,000 | 3,171,000 | 3,395,000 | 2,211,000 | 2,132,000 | 2,419,000 | 2,176,000 | 2,366,000 | 1,594,000 | 1,114,000 | 1,263,000 | 1,164,000 | 1,153,000 |
Dividends Paid | 3,200,000 | 2,395,000 | 3,200,000 | 2,700,000 | 1,200,000 | 1,800,000 | 1,800,000 | 800,000 | 600,000 | 0 | 0 | 0 | 0 |
Retained Profit | -1,211,000 | 776,000 | 195,000 | -489,000 | 932,000 | 619,000 | 376,000 | 1,566,000 | 994,000 | 1,114,000 | 1,263,000 | 1,164,000 | 1,153,000 |
Employee Costs | 14,648,000 | 15,484,000 | 15,496,000 | 12,261,000 | 11,595,000 | 14,933,000 | 8,841,000 | 8,606,000 | 7,536,000 | 6,855,000 | 6,521,000 | 6,704,000 | 5,651,000 |
Number Of Employees | 453 | 468 | 470 | 385 | 373 | 327 | 286 | 261 | 257 | 257 | 235 | 231 | 192 |
EBITDA* | 3,431,000 | 5,118,000 | 4,831,000 | 3,864,000 | 3,464,000 | 4,243,000 | 3,566,000 | 3,737,000 | 2,671,000 | 2,311,000 | 2,599,000 | 2,715,000 | 2,723,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 7,797,000 | 7,375,000 | 8,195,000 | 6,522,000 | 6,822,000 | 7,332,000 | 7,712,000 | 7,975,000 | 6,233,000 | 5,792,000 | 6,226,000 | 6,048,000 | 6,416,000 |
Intangible Assets | 0 | 0 | 0 | 50,000 | 208,000 | 340,000 | 530,000 | 303,000 | 376,000 | 450,000 | 523,000 | 596,000 | 1,003,000 |
Investments & Other | 0 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 7,797,000 | 7,475,000 | 8,295,000 | 6,672,000 | 7,130,000 | 7,772,000 | 8,342,000 | 8,378,000 | 6,609,000 | 6,242,000 | 6,749,000 | 6,644,000 | 7,419,000 |
Stock & work in progress | 3,933,000 | 4,084,000 | 3,674,000 | 3,144,000 | 2,351,000 | 2,388,000 | 2,691,000 | 2,558,000 | 3,616,000 | 3,400,000 | 2,443,000 | 2,570,000 | 3,392,000 |
Trade Debtors | 9,510,000 | 11,141,000 | 15,964,000 | 12,430,000 | 11,818,000 | 11,916,000 | 8,960,000 | 9,302,000 | 9,214,000 | 7,775,000 | 8,222,000 | 6,464,000 | 4,586,000 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 3,034,000 | 1,352,000 | 1,598,000 | 1,982,000 | 2,448,000 | 1,954,000 | 1,345,000 | 1,310,000 | 1,212,000 | 1,387,000 | 1,300,000 | 1,309,000 | 1,001,000 |
Cash | 1,291,000 | 4,149,000 | 3,947,000 | 2,304,000 | 1,708,000 | 774,000 | 1,323,000 | 1,124,000 | 1,344,000 | 1,053,000 | 62,000 | 210,000 | 1,714,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 17,768,000 | 20,726,000 | 25,183,000 | 19,860,000 | 18,325,000 | 17,032,000 | 14,319,000 | 14,294,000 | 15,386,000 | 13,615,000 | 12,027,000 | 10,553,000 | 10,693,000 |
total assets | 25,565,000 | 28,201,000 | 33,478,000 | 26,532,000 | 25,455,000 | 24,804,000 | 22,661,000 | 22,672,000 | 21,995,000 | 19,857,000 | 18,776,000 | 17,197,000 | 18,112,000 |
Bank overdraft | 1,309,000 | 594,000 | 1,066,000 | 642,000 | 2,035,000 | 739,000 | 440,000 | 0 | 0 | 0 | 0 | 0 | 2,850,000 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 440,000 | 300,000 | 300,000 | 300,000 | 3,000,000 | 0 |
Trade Creditors | 14,128,000 | 15,448,000 | 19,335,000 | 15,589,000 | 14,528,000 | 13,909,000 | 11,026,000 | 10,873,000 | 12,957,000 | 12,494,000 | 11,061,000 | 9,859,000 | 9,176,000 |
Group/Directors Accounts | 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 |
hp & lease commitments | 0 | 0 | 0 | 0 | 44,000 | 51,000 | 60,000 | 57,000 | 54,000 | 52,000 | 4,000 | 41,000 | 84,000 |
other current liabilities | 2,340,000 | 2,927,000 | 4,193,000 | 2,516,000 | 1,593,000 | 1,813,000 | 2,705,000 | 2,747,000 | 2,598,000 | 1,183,000 | 2,356,000 | 2,960,000 | 1,741,000 |
total current liabilities | 17,777,000 | 18,969,000 | 24,594,000 | 18,747,000 | 18,200,000 | 16,512,000 | 14,231,000 | 14,117,000 | 15,909,000 | 14,029,000 | 13,721,000 | 15,860,000 | 13,851,000 |
loans | 719,000 | 1,168,000 | 1,762,000 | 962,000 | 0 | 1,925,000 | 2,695,000 | 3,135,000 | 2,175,000 | 2,400,000 | 2,700,000 | 0 | 4,000,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 44,000 | 31,000 | 92,000 | 149,000 | 203,000 | 0 | 4,000 | 45,000 |
Accruals and Deferred Income | 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 | 100,000 |
provisions | 769,000 | 553,000 | 387,000 | 283,000 | 226,000 | 226,000 | 226,000 | 226,000 | 226,000 | 183,000 | 177,000 | 168,000 | 115,000 |
total long term liabilities | 1,488,000 | 1,721,000 | 2,149,000 | 1,245,000 | 226,000 | 2,195,000 | 2,952,000 | 3,453,000 | 2,550,000 | 2,786,000 | 2,877,000 | 172,000 | 4,260,000 |
total liabilities | 19,265,000 | 20,690,000 | 26,743,000 | 19,992,000 | 18,426,000 | 18,707,000 | 17,183,000 | 17,570,000 | 18,459,000 | 16,815,000 | 16,598,000 | 16,032,000 | 18,111,000 |
net assets | 6,300,000 | 7,511,000 | 6,735,000 | 6,540,000 | 7,029,000 | 6,097,000 | 5,478,000 | 5,102,000 | 3,536,000 | 3,042,000 | 2,178,000 | 1,165,000 | 1,000 |
total shareholders funds | 6,300,000 | 7,511,000 | 6,735,000 | 6,540,000 | 7,029,000 | 6,097,000 | 5,478,000 | 5,102,000 | 3,536,000 | 3,042,000 | 2,178,000 | 1,165,000 | 1,000 |
Dec 2022 | Dec 2021 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | 2,353,000 | 4,058,000 | 3,984,000 | 3,025,000 | 2,658,000 | 3,114,000 | 2,881,000 | 3,090,000 | 2,102,000 | 1,746,000 | 2,038,000 | 2,096,000 | 2,079,000 |
Depreciation | 1,078,000 | 1,060,000 | 797,000 | 681,000 | 674,000 | 939,000 | 612,000 | 574,000 | 495,000 | 492,000 | 488,000 | 539,000 | 593,000 |
Amortisation | 0 | 0 | 50,000 | 158,000 | 132,000 | 190,000 | 73,000 | 73,000 | 74,000 | 73,000 | 73,000 | 80,000 | 51,000 |
Tax | -427,000 | -899,000 | -626,000 | -805,000 | -505,000 | -618,000 | -625,000 | -603,000 | -415,000 | -424,000 | -502,000 | -532,000 | -380,000 |
Stock | -151,000 | 4,084,000 | 3,674,000 | 793,000 | -37,000 | -303,000 | 133,000 | -1,058,000 | 216,000 | 957,000 | -127,000 | -822,000 | 3,392,000 |
Debtors | 51,000 | 12,493,000 | 17,562,000 | 146,000 | 396,000 | 3,565,000 | -307,000 | 186,000 | 1,264,000 | -360,000 | 1,749,000 | 2,186,000 | 5,587,000 |
Creditors | -1,320,000 | 15,448,000 | 19,335,000 | 1,061,000 | 619,000 | 2,883,000 | 153,000 | -2,084,000 | 463,000 | 1,433,000 | 1,202,000 | 683,000 | 9,176,000 |
Accruals and Deferred Income | -587,000 | 2,927,000 | 4,193,000 | 923,000 | -220,000 | -892,000 | -42,000 | 149,000 | 1,415,000 | -1,173,000 | -604,000 | 1,219,000 | 1,741,000 |
Deferred Taxes & Provisions | 216,000 | 553,000 | 387,000 | 57,000 | 0 | 0 | 0 | 0 | 43,000 | 6,000 | 9,000 | 53,000 | 115,000 |
Cash flow from operations | 1,413,000 | 6,570,000 | 6,884,000 | 4,161,000 | 2,999,000 | 2,354,000 | 3,226,000 | 2,071,000 | 2,697,000 | 1,556,000 | 1,082,000 | 2,774,000 | 4,396,000 |
Investing Activities | |||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | -164,000 | -559,000 | -649,000 | -2,416,000 | -923,000 | -50,000 | -654,000 | -171,000 | -270,000 |
Change in Investments | -100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 100,000 | -100,000 | -100,000 | 0 | -164,000 | -559,000 | -649,000 | -2,516,000 | -923,000 | -50,000 | -654,000 | -171,000 | -270,000 |
Financing Activities | |||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -440,000 | 140,000 | 0 | 0 | -2,700,000 | 3,000,000 | 0 |
Group/Directors Accounts | 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 |
Long term loans | -449,000 | 1,168,000 | 1,762,000 | 962,000 | -1,925,000 | -770,000 | -440,000 | 960,000 | -225,000 | -300,000 | 2,700,000 | -4,000,000 | 4,000,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | -44,000 | -51,000 | 4,000 | -58,000 | -54,000 | -52,000 | 251,000 | -41,000 | -84,000 | 129,000 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100,000 | 100,000 |
share issue | |||||||||||||
interest | -20,000 | -68,000 | -63,000 | -49,000 | -19,000 | -77,000 | -80,000 | -121,000 | -93,000 | -208,000 | -273,000 | -367,000 | -510,000 |
cash flow from financing | -469,000 | 7,835,000 | 8,239,000 | 869,000 | -1,995,000 | -843,000 | -1,018,000 | 925,000 | -870,000 | -507,000 | -564,000 | -1,551,000 | 2,567,000 |
cash and cash equivalents | |||||||||||||
cash | -2,858,000 | 4,149,000 | 3,947,000 | 596,000 | 934,000 | -549,000 | 199,000 | -220,000 | 291,000 | 991,000 | -148,000 | -1,504,000 | 1,714,000 |
overdraft | 715,000 | 594,000 | 1,066,000 | -1,393,000 | 1,296,000 | 299,000 | 440,000 | 0 | 0 | 0 | 0 | -2,850,000 | 2,850,000 |
change in cash | -3,573,000 | 3,555,000 | 2,881,000 | 1,989,000 | -362,000 | -848,000 | -241,000 | -220,000 | 291,000 | 991,000 | -148,000 | 1,346,000 | -1,136,000 |
P&L
December 2022turnover
166.4m
-24%
operating profit
2.4m
-42%
gross margin
6%
-0.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.3m
-0.16%
total assets
25.6m
-0.09%
cash
1.3m
-0.69%
net assets
Total assets minus all liabilities
worldwide fruit limited company details
company number
03831143
Type
Private limited with Share Capital
industry
46310 - Wholesale of fruit and vegetables
incorporation date
August 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
enzafruit worldwide limited (February 2004)
ingleby (1248) limited (December 1999)
incorporated
UK
address
worldwide fruit, apple way, wardentree lane, spalding, lincolnshire, PE11 3BB
last accounts submitted
December 2022
worldwide fruit 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 3 charges/mortgages relating to worldwide fruit limited. Currently there are 2 open charges and 1 have been satisfied in the past.
worldwide fruit limited Companies House Filings - See Documents
date | description | view/download |
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