arctic chilled foods limited
arctic chilled foods limited Company Information
Company Number
04166745
Website
-Registered Address
craftwork studios, 1-3 dufferin street, london, EC1Y 8NA
Industry
Non-specialised wholesale trade
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Samir Assani23 Years
Shareholders
samir assani 60%
rekha assani 40%
arctic chilled foods limited Estimated Valuation
Pomanda estimates the enterprise value of ARCTIC CHILLED FOODS LIMITED at £771.7k based on a Turnover of £2.8m and 0.28x industry multiple (adjusted for size and gross margin).
arctic chilled foods limited Estimated Valuation
Pomanda estimates the enterprise value of ARCTIC CHILLED FOODS LIMITED at £226k based on an EBITDA of £74.7k and a 3.03x industry multiple (adjusted for size and gross margin).
arctic chilled foods limited Estimated Valuation
Pomanda estimates the enterprise value of ARCTIC CHILLED FOODS LIMITED at £818.3k based on Net Assets of £538k and 1.52x industry multiple (adjusted for liquidity).
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Arctic Chilled Foods Limited Overview
Arctic Chilled Foods Limited is a dissolved company that was located in london, EC1Y 8NA with a Companies House number of 04166745. It operated in the non-specialised wholesale trade sector, SIC Code 46900. Founded in February 2001, it's largest shareholder was samir assani with a 60% stake. The last turnover for Arctic Chilled Foods Limited was estimated at £2.8m.
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Arctic Chilled Foods Limited Health Check
Pomanda's financial health check has awarded Arctic Chilled Foods Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£11.7m)
- Arctic Chilled Foods Limited
£11.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (4%)
- Arctic Chilled Foods Limited
4% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (26.7%)
- Arctic Chilled Foods Limited
26.7% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (3.8%)
- Arctic Chilled Foods Limited
3.8% - Industry AVG
Employees
with 36 employees, this is similar to the industry average (43)
36 - Arctic Chilled Foods Limited
43 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Arctic Chilled Foods Limited
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £76.5k, this is less efficient (£302.3k)
- Arctic Chilled Foods Limited
£302.3k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is earlier than average (58 days)
- Arctic Chilled Foods Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 112 days, this is slower than average (40 days)
- Arctic Chilled Foods Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is less than average (65 days)
- Arctic Chilled Foods Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Arctic Chilled Foods Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.1%, this is a higher level of debt than the average (59.6%)
67.1% - Arctic Chilled Foods Limited
59.6% - Industry AVG
arctic chilled foods limited Credit Report and Business Information
Arctic Chilled Foods Limited Competitor Analysis
Perform a competitor analysis for arctic chilled foods limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
arctic chilled foods limited Ownership
ARCTIC CHILLED FOODS LIMITED group structure
Arctic Chilled Foods Limited has no subsidiary companies.
Ultimate parent company
ARCTIC CHILLED FOODS LIMITED
04166745
arctic chilled foods limited directors
Arctic Chilled Foods Limited currently has 1 director, Mr Samir Assani serving since Feb 2001.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Samir Assani | United Kingdom | 53 years | Feb 2001 | - | Director |
ARCTIC CHILLED FOODS LIMITED financials
Arctic Chilled Foods Limited's latest turnover from January 2018 is estimated at £2.8 million and the company has net assets of £538 thousand. According to their latest financial statements, Arctic Chilled Foods Limited has 36 employees and maintains cash reserves of £8.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 36 | 40 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,030,901 | 516,230 | 351,680 | 364,748 | 335,687 | 338,256 | 352,943 | 372,885 | 379,900 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,030,901 | 516,230 | 351,680 | 364,748 | 335,687 | 338,256 | 352,943 | 372,885 | 379,900 |
| Stock & work in progress | 279,219 | 222,659 | 256,982 | 264,238 | 299,498 | 241,508 | 163,256 | 155,460 | 155,784 |
| Trade Debtors | 315,275 | 237,929 | 201,569 | 170,611 | 196,850 | 162,051 | 158,442 | 117,611 | 101,664 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 8,280 | 27,615 | 21,020 | 20,653 | 40,446 | 4,561 | 2,984 | 1,316 | 3,976 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 602,774 | 488,203 | 479,571 | 455,502 | 536,794 | 408,120 | 324,682 | 274,387 | 261,424 |
| total assets | 1,633,675 | 1,004,433 | 831,251 | 820,250 | 872,481 | 746,376 | 677,625 | 647,272 | 641,324 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 703,636 | 612,893 | 589,766 | 534,323 | 598,470 | 455,357 | 414,089 | 372,557 | 369,294 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 703,636 | 612,893 | 589,766 | 534,323 | 598,470 | 455,357 | 414,089 | 372,557 | 369,294 |
| loans | 0 | 0 | 0 | 0 | 0 | 16,079 | 171,517 | 192,555 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 279,726 | 278,788 | 210,342 | 232,923 | 232,025 | 216,848 | 69,846 | 60,357 | 264,970 |
| provisions | 112,299 | 28,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 392,025 | 307,787 | 210,342 | 232,923 | 232,025 | 232,927 | 241,363 | 252,912 | 264,970 |
| total liabilities | 1,095,661 | 920,680 | 800,108 | 767,246 | 830,495 | 688,284 | 655,452 | 625,469 | 634,264 |
| net assets | 538,014 | 83,753 | 31,143 | 53,004 | 41,986 | 58,092 | 22,173 | 21,803 | 7,060 |
| total shareholders funds | 538,014 | 83,753 | 31,143 | 53,004 | 41,986 | 58,092 | 22,173 | 21,803 | 7,060 |
| Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 16,027 | 25,260 | 24,047 | 27,213 | 16,525 | 15,353 | 20,179 | 25,777 | 27,067 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 56,560 | -34,323 | -7,256 | -35,260 | 57,990 | 78,252 | 7,796 | -324 | 155,784 |
| Debtors | 77,346 | 36,360 | 30,958 | -26,239 | 34,799 | 3,609 | 40,831 | 15,947 | 101,664 |
| Creditors | 90,743 | 23,127 | 55,443 | -64,147 | 143,113 | 41,268 | 41,532 | 3,263 | 369,294 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 83,300 | 28,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -16,079 | -155,438 | -21,038 | 192,555 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 938 | 68,446 | -22,581 | 898 | 15,177 | 147,002 | 9,489 | -204,613 | 264,970 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -19,335 | 6,595 | 367 | -19,793 | 35,885 | 1,577 | 1,668 | -2,660 | 3,976 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -19,335 | 6,595 | 367 | -19,793 | 35,885 | 1,577 | 1,668 | -2,660 | 3,976 |
P&L
January 2018turnover
2.8m
+6%
operating profit
58.6k
0%
gross margin
17.5%
-7.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2018net assets
538k
+5.42%
total assets
1.6m
+0.63%
cash
8.3k
-0.7%
net assets
Total assets minus all liabilities
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arctic chilled foods limited company details
company number
04166745
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
February 2001
age
23
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
craftwork studios, 1-3 dufferin street, london, EC1Y 8NA
last accounts submitted
January 2018
arctic chilled 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 found 3 charges/mortgages relating to arctic chilled foods limited. Currently there are 3 open charges and 0 have been satisfied in the past.
arctic chilled foods limited Companies House Filings - See Documents
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