grapes direct limited
grapes direct limited Company Information
Company Number
03853590
Next Accounts
Sep 2025
Shareholders
dauberton limited
Group Structure
View All
Industry
Wholesale of fruit and vegetables
Registered Address
benover road yalding, maidstone, kent, ME18 6ET
Website
www.grapesdirect.co.ukgrapes direct limited Estimated Valuation
Pomanda estimates the enterprise value of GRAPES DIRECT LIMITED at £20.2m based on a Turnover of £56m and 0.36x industry multiple (adjusted for size and gross margin).
grapes direct limited Estimated Valuation
Pomanda estimates the enterprise value of GRAPES DIRECT LIMITED at £2.5m based on an EBITDA of £538.9k and a 4.61x industry multiple (adjusted for size and gross margin).
grapes direct limited Estimated Valuation
Pomanda estimates the enterprise value of GRAPES DIRECT LIMITED at £7.2m based on Net Assets of £3.7m and 1.94x industry multiple (adjusted for liquidity).
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Grapes Direct Limited Overview
Grapes Direct Limited is a live company located in kent, ME18 6ET with a Companies House number of 03853590. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in October 1999, it's largest shareholder is dauberton limited with a 100% stake. Grapes Direct Limited is a mature, large sized company, Pomanda has estimated its turnover at £56m with low growth in recent years.
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Grapes Direct Limited Health Check
Pomanda's financial health check has awarded Grapes Direct Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £56m, make it larger than the average company (£24.6m)
£56m - Grapes Direct Limited
£24.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6%)
2% - Grapes Direct Limited
6% - Industry AVG
Production
with a gross margin of 3.1%, this company has a higher cost of product (11.8%)
3.1% - Grapes Direct Limited
11.8% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (2.4%)
1% - Grapes Direct Limited
2.4% - Industry AVG
Employees
with 10 employees, this is below the industry average (53)
10 - Grapes Direct Limited
53 - Industry AVG
Pay Structure
on an average salary of £92.6k, the company has a higher pay structure (£36.9k)
£92.6k - Grapes Direct Limited
£36.9k - Industry AVG
Efficiency
resulting in sales per employee of £5.6m, this is more efficient (£458.4k)
£5.6m - Grapes Direct Limited
£458.4k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (34 days)
65 days - Grapes Direct Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (34 days)
22 days - Grapes Direct Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is in line with average (9 days)
8 days - Grapes Direct Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (13 weeks)
16 weeks - Grapes Direct Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.1%, this is a higher level of debt than the average (60.6%)
77.1% - Grapes Direct Limited
60.6% - Industry AVG
GRAPES DIRECT LIMITED financials
Grapes Direct Limited's latest turnover from December 2023 is £56 million and the company has net assets of £3.7 million. According to their latest financial statements, Grapes Direct Limited has 10 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 55,999,000 | 52,020,000 | 46,985,000 | 52,811,000 | 70,398,000 | 39,424,000 | 50,391,000 | 39,972,000 | 58,345,000 | 71,539,000 | 67,299,000 | 70,235,000 | 67,585,000 | 73,951,000 | 73,632,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 54,276,000 | 50,010,000 | 44,964,000 | 50,932,000 | 68,418,000 | 38,564,000 | 49,351,000 | 38,988,000 | 57,296,000 | 70,650,000 | 65,463,000 | 68,187,000 | 64,883,000 | 71,797,000 | 67,446,000 |
| Gross Profit | 1,723,000 | 2,010,000 | 2,021,000 | 1,879,000 | 1,980,000 | 860,000 | 1,040,000 | 984,000 | 1,049,000 | 889,000 | 1,836,000 | 2,048,000 | 2,702,000 | 2,154,000 | 6,186,000 |
| Admin Expenses | 1,239,000 | 652,000 | 808,000 | 746,000 | 860,000 | 778,000 | 1,553,000 | 1,800,000 | 2,234,000 | 1,492,000 | 5,546,000 | ||||
| Operating Profit | 741,000 | 208,000 | 232,000 | 238,000 | 189,000 | 111,000 | 283,000 | 248,000 | 468,000 | 662,000 | 640,000 | ||||
| Interest Payable | 13,000 | 4,000 | 3,000 | 3,000 | 1,000 | 2,000 | 2,000 | 5,000 | 148,000 | 78,000 | 149,000 | ||||
| Interest Receivable | 9,000 | 90,000 | 90,000 | 96,000 | 96,000 | 100,000 | 188,000 | 358,000 | |||||||
| Pre-Tax Profit | 721,000 | 760,000 | 690,000 | 768,000 | 728,000 | 204,000 | 229,000 | 244,000 | 278,000 | 199,000 | 377,000 | 339,000 | 420,000 | 772,000 | 849,000 |
| Tax | -175,000 | -139,000 | -131,000 | -144,000 | -135,000 | -41,000 | -44,000 | -56,000 | -60,000 | -53,000 | -101,000 | -73,000 | -164,000 | -225,000 | -255,000 |
| Profit After Tax | 546,000 | 621,000 | 559,000 | 624,000 | 593,000 | 163,000 | 185,000 | 188,000 | 218,000 | 146,000 | 276,000 | 266,000 | 256,000 | 547,000 | 594,000 |
| Dividends Paid | 2,000,000 | 2,000,000 | |||||||||||||
| Retained Profit | 546,000 | 621,000 | 559,000 | 624,000 | -1,407,000 | -1,837,000 | 185,000 | 188,000 | 218,000 | 146,000 | 276,000 | 266,000 | 256,000 | 547,000 | 594,000 |
| Employee Costs | 926,000 | 1,159,000 | 1,208,000 | 953,000 | 792,000 | 402,000 | 499,000 | 378,000 | 1,026,000 | 3,345,000 | 3,375,000 | 3,276,000 | 3,738,000 | 2,873,000 | 6,241,000 |
| Number Of Employees | 10 | 12 | 13 | 13 | 12 | 11 | 12 | 11 | 14 | 121 | 115 | 122 | 116 | 113 | 122 |
| EBITDA* | 844,000 | 212,000 | 235,000 | 250,000 | 362,000 | 524,000 | 695,000 | 625,000 | 819,000 | 975,000 | 275,416,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,000 | 6,000 | 8,000 | 6,000 | 12,000 | 1,000 | 3,000 | 3,000 | 365,000 | 873,000 | 1,257,000 | 1,571,000 | 1,322,000 | 1,460,000 | 1,202,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,000 | 6,000 | 8,000 | 6,000 | 12,000 | 1,000 | 4,000 | 4,000 | 366,000 | 874,000 | 1,258,000 | 1,572,000 | 1,323,000 | 1,460,000 | 1,202,000 |
| Stock & work in progress | 1,261,000 | 1,782,000 | 1,476,000 | 1,461,000 | 2,081,000 | 337,000 | 941,000 | 875,000 | 793,000 | 2,892,000 | 1,432,000 | 1,980,000 | 2,559,000 | 1,443,000 | 856,000 |
| Trade Debtors | 10,092,000 | 8,021,000 | 7,506,000 | 8,099,000 | 9,482,000 | 4,482,000 | 5,373,000 | 4,881,000 | 3,370,000 | 6,393,000 | 5,186,000 | 6,346,000 | 5,223,000 | 6,105,000 | 5,064,000 |
| Group Debtors | 162,000 | 33,000 | 3,017,000 | ||||||||||||
| Misc Debtors | 1,055,000 | 513,000 | 448,000 | 226,000 | 211,000 | 811,000 | 1,395,000 | 592,000 | 1,486,000 | 2,425,000 | 2,144,000 | 2,662,000 | 2,558,000 | 2,582,000 | 2,488,000 |
| Cash | 3,896,000 | 3,498,000 | 4,708,000 | 3,411,000 | 1,582,000 | 4,548,000 | 6,818,000 | 5,300,000 | 6,422,000 | 5,125,000 | 5,743,000 | 4,596,000 | 4,369,000 | 4,926,000 | 8,270,000 |
| misc current assets | |||||||||||||||
| total current assets | 16,304,000 | 13,814,000 | 14,138,000 | 13,197,000 | 13,356,000 | 10,178,000 | 14,689,000 | 11,681,000 | 12,071,000 | 16,835,000 | 14,505,000 | 15,584,000 | 14,709,000 | 15,056,000 | 19,695,000 |
| total assets | 16,305,000 | 13,820,000 | 14,146,000 | 13,203,000 | 13,368,000 | 10,179,000 | 14,693,000 | 11,685,000 | 12,437,000 | 17,709,000 | 15,763,000 | 17,156,000 | 16,032,000 | 16,516,000 | 20,897,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 3,415,000 | 5,724,000 | 4,836,000 | 5,432,000 | 5,065,000 | 4,075,000 | 4,764,000 | 2,831,000 | 1,780,000 | 4,345,000 | 4,977,000 | 4,560,000 | 4,607,000 | 6,145,000 | 5,705,000 |
| Group/Directors Accounts | 51,000 | 1,527,000 | 2,162,000 | 1,609,000 | 1,489,000 | 1,804,000 | 1,320,000 | 2,804,000 | 2,036,000 | 2,059,000 | 2,879,000 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 9,162,000 | 4,914,000 | 6,698,000 | 5,769,000 | 6,925,000 | 1,792,000 | 3,145,000 | 2,808,000 | 4,872,000 | 7,482,000 | 5,534,000 | 6,031,000 | 5,858,000 | 5,002,000 | 3,793,000 |
| total current liabilities | 12,577,000 | 10,638,000 | 11,585,000 | 11,201,000 | 11,990,000 | 7,394,000 | 10,071,000 | 7,248,000 | 8,141,000 | 13,631,000 | 11,831,000 | 13,395,000 | 12,501,000 | 13,206,000 | 12,377,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 31,000 | 33,000 | 68,000 | 32,000 | |||||||||||
| total long term liabilities | 31,000 | 33,000 | 68,000 | 32,000 | |||||||||||
| total liabilities | 12,577,000 | 10,638,000 | 11,585,000 | 11,201,000 | 11,990,000 | 7,394,000 | 10,071,000 | 7,248,000 | 8,141,000 | 13,631,000 | 11,831,000 | 13,426,000 | 12,534,000 | 13,274,000 | 12,409,000 |
| net assets | 3,728,000 | 3,182,000 | 2,561,000 | 2,002,000 | 1,378,000 | 2,785,000 | 4,622,000 | 4,437,000 | 4,296,000 | 4,078,000 | 3,932,000 | 3,730,000 | 3,498,000 | 3,242,000 | 8,488,000 |
| total shareholders funds | 3,728,000 | 3,182,000 | 2,561,000 | 2,002,000 | 1,378,000 | 2,785,000 | 4,622,000 | 4,437,000 | 4,296,000 | 4,078,000 | 3,932,000 | 3,730,000 | 3,498,000 | 3,242,000 | 8,488,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 741,000 | 208,000 | 232,000 | 238,000 | 189,000 | 111,000 | 283,000 | 248,000 | 468,000 | 662,000 | 640,000 | ||||
| Depreciation | 5,000 | 5,000 | 5,000 | 8,000 | 103,000 | 4,000 | 3,000 | 12,000 | 173,000 | 413,000 | 412,000 | 377,000 | 351,000 | 313,000 | 274,776,000 |
| Amortisation | |||||||||||||||
| Tax | -175,000 | -139,000 | -131,000 | -144,000 | -135,000 | -41,000 | -44,000 | -56,000 | -60,000 | -53,000 | -101,000 | -73,000 | -164,000 | -225,000 | -255,000 |
| Stock | -521,000 | 306,000 | 15,000 | -620,000 | 1,744,000 | -604,000 | 66,000 | 82,000 | -2,099,000 | 1,460,000 | -548,000 | -579,000 | 1,116,000 | 587,000 | 856,000 |
| Debtors | 2,613,000 | 580,000 | -371,000 | -1,368,000 | 4,400,000 | -1,637,000 | 1,424,000 | 650,000 | -3,962,000 | 1,488,000 | -1,678,000 | 1,227,000 | -906,000 | -1,882,000 | 10,569,000 |
| Creditors | -2,309,000 | 888,000 | -596,000 | 367,000 | 990,000 | -689,000 | 1,933,000 | 1,051,000 | -2,565,000 | -632,000 | 417,000 | -47,000 | -1,538,000 | 440,000 | 5,705,000 |
| Accruals and Deferred Income | 4,248,000 | -1,784,000 | 929,000 | -1,156,000 | 5,133,000 | -1,353,000 | 337,000 | -2,064,000 | -2,610,000 | 1,948,000 | -497,000 | 173,000 | 856,000 | 1,209,000 | 3,793,000 |
| Deferred Taxes & Provisions | -31,000 | -2,000 | -35,000 | 36,000 | 32,000 | ||||||||||
| Cash flow from operations | 688,000 | 370,000 | 971,000 | -1,551,000 | 1,188,000 | -1,161,000 | 2,709,000 | 28,000 | -272,000 | 3,730,000 | 273,266,000 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | -363,720,000 | ||||||||||||||
| Change in Investments | -1,000 | 1,000 | |||||||||||||
| cash flow from investments | -363,720,000 | ||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -51,000 | 51,000 | -1,527,000 | -635,000 | 553,000 | 120,000 | -315,000 | 484,000 | -1,484,000 | 768,000 | -23,000 | -820,000 | 2,879,000 | ||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -13,000 | -4,000 | -3,000 | 6,000 | 89,000 | 88,000 | 94,000 | 91,000 | -48,000 | 110,000 | 209,000 | ||||
| cash flow from financing | -51,000 | 51,000 | -1,540,000 | -639,000 | 550,000 | 79,000 | -226,000 | 572,000 | -1,464,000 | 825,000 | -71,000 | -6,503,000 | 10,982,000 | ||
| cash and cash equivalents | |||||||||||||||
| cash | 398,000 | -1,210,000 | 1,297,000 | 1,829,000 | -2,966,000 | -2,270,000 | 1,518,000 | -1,122,000 | 1,297,000 | -618,000 | 1,147,000 | 227,000 | -557,000 | -3,344,000 | 8,270,000 |
| overdraft | |||||||||||||||
| change in cash | 398,000 | -1,210,000 | 1,297,000 | 1,829,000 | -2,966,000 | -2,270,000 | 1,518,000 | -1,122,000 | 1,297,000 | -618,000 | 1,147,000 | 227,000 | -557,000 | -3,344,000 | 8,270,000 |
grapes direct limited Credit Report and Business Information
Grapes Direct Limited Competitor Analysis
Perform a competitor analysis for grapes direct limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in ME18 area or any other competitors across 12 key performance metrics.
grapes direct limited Ownership
GRAPES DIRECT LIMITED group structure
Grapes Direct Limited has no subsidiary companies.
grapes direct limited directors
Grapes Direct Limited currently has 2 directors. The longest serving directors include Mr Simon Allfrey (Jul 2019) and Mr James Wilmoth (Dec 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Allfrey | United Kingdom | 56 years | Jul 2019 | - | Director |
| Mr James Wilmoth | England | 55 years | Dec 2023 | - | Director |
P&L
December 2023turnover
56m
+8%
operating profit
533.9k
0%
gross margin
3.1%
-20.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.7m
+0.17%
total assets
16.3m
+0.18%
cash
3.9m
+0.11%
net assets
Total assets minus all liabilities
grapes direct limited company details
company number
03853590
Type
Private limited with Share Capital
industry
46310 - Wholesale of fruit and vegetables
incorporation date
October 1999
age
26
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
SAMUELS LLP
address
benover road yalding, maidstone, kent, ME18 6ET
Bank
-
Legal Advisor
-
grapes direct 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 10 charges/mortgages relating to grapes direct limited. Currently there are 3 open charges and 7 have been satisfied in the past.
grapes direct limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GRAPES DIRECT LIMITED. This can take several minutes, an email will notify you when this has completed.
grapes direct limited Companies House Filings - See Documents
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