hargreaves quality foods limited

4.5

hargreaves quality foods limited Company Information

Share HARGREAVES QUALITY FOODS LIMITED
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Company Number

03906671

Registered Address

units 1 & 2, smithfold lane, worsley, manchester, lancashire, M28 0GP

Industry

Wholesale of meat and meat products

 

Telephone

01617028447

Next Accounts Due

September 2024

Group Structure

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Directors

Harry Hargreaves24 Years

Anthony Hargreaves23 Years

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Shareholders

harry robert hargreaves 28%

brenda hargreaves 27%

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hargreaves quality foods limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of HARGREAVES QUALITY FOODS LIMITED at £1.3m based on a Turnover of £5.1m and 0.25x industry multiple (adjusted for size and gross margin).

hargreaves quality foods limited Estimated Valuation

£740.7k

Pomanda estimates the enterprise value of HARGREAVES QUALITY FOODS LIMITED at £740.7k based on an EBITDA of £160.3k and a 4.62x industry multiple (adjusted for size and gross margin).

hargreaves quality foods limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of HARGREAVES QUALITY FOODS LIMITED at £2.2m based on Net Assets of £1.1m and 2.08x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Hargreaves Quality Foods Limited Overview

Hargreaves Quality Foods Limited is a live company located in manchester, M28 0GP with a Companies House number of 03906671. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in January 2000, it's largest shareholder is harry robert hargreaves with a 28% stake. Hargreaves Quality Foods Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.

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Hargreaves Quality Foods Limited Health Check

Pomanda's financial health check has awarded Hargreaves Quality Foods Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £5.1m, make it smaller than the average company (£24.2m)

£5.1m - Hargreaves Quality Foods Limited

£24.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.6%)

7% - Hargreaves Quality Foods Limited

3.6% - Industry AVG

production

Production

with a gross margin of 12.5%, this company has a comparable cost of product (12.5%)

12.5% - Hargreaves Quality Foods Limited

12.5% - Industry AVG

profitability

Profitability

an operating margin of 2.9% make it as profitable than the average company (3%)

2.9% - Hargreaves Quality Foods Limited

3% - Industry AVG

employees

Employees

with 27 employees, this is below the industry average (34)

27 - Hargreaves Quality Foods Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)

£41.6k - Hargreaves Quality Foods Limited

£41.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £187.9k, this is less efficient (£569.9k)

£187.9k - Hargreaves Quality Foods Limited

£569.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (33 days)

24 days - Hargreaves Quality Foods Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 17 days, this is quicker than average (28 days)

17 days - Hargreaves Quality Foods Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 18 days, this is in line with average (21 days)

18 days - Hargreaves Quality Foods Limited

21 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 110 weeks, this is more cash available to meet short term requirements (9 weeks)

110 weeks - Hargreaves Quality Foods Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 24.4%, this is a lower level of debt than the average (57.8%)

24.4% - Hargreaves Quality Foods Limited

57.8% - Industry AVG

hargreaves quality foods limited Credit Report and Business Information

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Hargreaves Quality Foods Limited Competitor Analysis

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Perform a competitor analysis for hargreaves quality foods limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

hargreaves quality foods limited Ownership

HARGREAVES QUALITY FOODS LIMITED group structure

Hargreaves Quality Foods Limited has no subsidiary companies.

Ultimate parent company

HARGREAVES QUALITY FOODS LIMITED

03906671

HARGREAVES QUALITY FOODS LIMITED Shareholders

harry robert hargreaves 28%
brenda hargreaves 27%
anthony william hargreaves 15%
stephen robert hargreaves 15%
harry edwin hargreaves 15%

hargreaves quality foods limited directors

Hargreaves Quality Foods Limited currently has 4 directors. The longest serving directors include Mr Harry Hargreaves (Jan 2000) and Mr Anthony Hargreaves (Mar 2001).

officercountryagestartendrole
Mr Harry HargreavesUnited Kingdom83 years Jan 2000- Director
Mr Anthony Hargreaves60 years Mar 2001- Director
Mr Harry Hargreaves63 years Mar 2001- Director
Mr Stephen Hargreaves55 years Mar 2001- Director

HARGREAVES QUALITY FOODS LIMITED financials

EXPORTms excel logo

Hargreaves Quality Foods Limited's latest turnover from December 2022 is estimated at £5.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Hargreaves Quality Foods Limited has 27 employees and maintains cash reserves of £699.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,074,6024,166,0334,333,4614,114,1974,686,0003,710,2053,348,0102,307,2702,698,7993,366,0432,435,2691,889,7322,154,6820
Other Income Or Grants00000000000000
Cost Of Sales4,440,9243,715,1853,870,6533,649,8764,234,2513,402,6883,002,5262,063,6532,426,9063,021,7572,184,1201,689,2441,934,5180
Gross Profit633,678450,848462,808464,321451,749307,517345,483243,617271,892344,285251,149200,488220,1640
Admin Expenses486,505311,569332,160414,343352,685211,812326,823244,146263,294329,998180,625186,752197,731-519,833
Operating Profit147,173139,279130,64849,97899,06495,70518,660-5298,59814,28770,52413,73622,433519,833
Interest Payable00000000000000
Interest Receivable25,5191,6444442,5102,3741,2614747879411,2731,183925989553
Pre-Tax Profit172,691140,923131,09352,489101,43896,96519,1342589,53915,56071,70714,66123,422520,386
Tax-32,811-26,775-24,908-9,973-19,273-18,423-3,827-51-2,003-3,579-17,210-3,812-6,558-145,708
Profit After Tax139,880114,148106,18542,51682,16578,54215,3072067,53611,98154,49710,84916,864374,678
Dividends Paid00000000000000
Retained Profit139,880114,148106,18542,51682,16578,54215,3072067,53611,98154,49710,84916,864374,678
Employee Costs1,122,262791,036776,453749,592890,410642,856623,949175,812206,811257,577170,452151,391180,6990
Number Of Employees272322222721216796560
EBITDA*160,276155,629145,01971,105117,539113,98440,46022,17524,72730,40387,33336,30939,437543,596

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets66,06172,26475,86477,41879,67177,07295,351104,531110,06849,72463,36872,37888,75594,321
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets66,06172,26475,86477,41879,67177,07295,351104,531110,06849,72463,36872,37888,75594,321
Stock & work in progress219,227156,817221,578172,405140,154123,470123,165136,260110,882149,92380,43685,653119,66053,000
Trade Debtors342,592277,270306,880377,281391,099343,145284,717256,531332,430353,394280,700213,514199,781191,652
Group Debtors00000000000000
Misc Debtors68,91472,17362,54864,16751,33640,72043,70326,253004,120000
Cash699,775758,431556,811331,430338,015295,077209,203169,888144,880231,488277,747195,333174,547221,197
misc current assets00000000000000
total current assets1,330,5081,264,6911,147,817945,283920,604802,412660,788588,932588,192734,805643,003494,500493,988465,849
total assets1,396,5691,336,9551,223,6811,022,7011,000,275879,484756,139693,463698,260784,529706,371566,878582,743560,170
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 214,937297,308258,155220,457238,584220,365188,364135,262203,116309,731241,729157,070181,858176,178
Group/Directors Accounts5,2897,74616,35717,08810,3413,58510,5648,670000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities109,610104,149135,22077,51386,30273,76350,53057,289000000
total current liabilities329,836409,203409,732315,058335,227297,713249,458201,221203,116309,731241,729157,070181,858176,178
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions11,27912,17812,52312,40212,32311,21114,66315,53118,6395,8297,6547,3179,2439,214
total long term liabilities11,27912,17812,52312,40212,32311,21114,66315,53118,6395,8297,6547,3179,2439,214
total liabilities341,115421,381422,255327,460347,550308,924264,121216,752221,755315,560249,383164,387191,101185,392
net assets1,055,454915,574801,426695,241652,725570,560492,018476,711476,505468,969456,988402,491391,642374,778
total shareholders funds1,055,454915,574801,426695,241652,725570,560492,018476,711476,505468,969456,988402,491391,642374,778
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit147,173139,279130,64849,97899,06495,70518,660-5298,59814,28770,52413,73622,433519,833
Depreciation13,10316,35014,37121,12718,47518,27921,80022,70416,12916,11616,80922,57317,00423,763
Amortisation00000000000000
Tax-32,811-26,775-24,908-9,973-19,273-18,423-3,827-51-2,003-3,579-17,210-3,812-6,558-145,708
Stock62,410-64,76149,17332,25116,684305-13,09525,378-39,04169,487-5,217-34,00766,66053,000
Debtors62,063-19,985-72,020-98758,57055,44545,636-49,646-20,96468,57471,30613,7338,129191,652
Creditors-82,37139,15337,698-18,12718,21932,00153,102-67,854-106,61568,00284,659-24,7885,680176,178
Accruals and Deferred Income5,461-31,07157,707-8,78912,53923,233-6,75957,289000000
Deferred Taxes & Provisions-899-345121791,112-3,452-868-3,10812,810-1,825337-1,926299,214
Cash flow from operations-74,817221,337238,4843,03154,88291,59349,56732,719-11,076-45,06089,03026,057-36,201338,628
Investing Activities
capital expenditure-6,900-12,750-12,817-18,874-21,0740-12,620-17,167-76,473-2,472-7,799-6,196-11,438-118,084
Change in Investments00000000000000
cash flow from investments-6,900-12,750-12,817-18,874-21,0740-12,620-17,167-76,473-2,472-7,799-6,196-11,438-118,084
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-2,457-8,611-7316,7476,756-6,9791,8948,670000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000000100
interest25,5191,6444442,5102,3741,2614747879411,2731,183925989553
cash flow from financing23,062-6,967-2879,2579,130-5,7182,3689,4579411,2731,183925989653
cash and cash equivalents
cash-58,656201,620225,381-6,58542,93885,87439,31525,008-86,608-46,25982,41420,786-46,650221,197
overdraft00000000000000
change in cash-58,656201,620225,381-6,58542,93885,87439,31525,008-86,608-46,25982,41420,786-46,650221,197

P&L

December 2022

turnover

5.1m

+22%

operating profit

147.2k

0%

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

1.1m

+0.15%

total assets

1.4m

+0.04%

cash

699.8k

-0.08%

net assets

Total assets minus all liabilities

hargreaves quality foods limited company details

company number

03906671

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

January 2000

age

24

accounts

Total Exemption Full

ultimate parent company

None

previous names

h.r. hargreaves & sons (meat wholesalers) limited (January 2007)

h.r. hargreaves meat wholesalers limited (September 2004)

incorporated

UK

address

units 1 & 2, smithfold lane, worsley, manchester, lancashire, M28 0GP

last accounts submitted

December 2022

hargreaves quality foods 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 did not find charges/mortgages relating to hargreaves quality foods limited.

charges

hargreaves quality foods limited Companies House Filings - See Documents

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