boston seeds limited

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boston seeds limited Company Information

Share BOSTON SEEDS LIMITED

Company Number

04226773

Shareholders

frontier agriculture limited

Group Structure

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Industry

Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores

 +1

Registered Address

23 london road, downham market, norfolk, PE38 9BJ

boston seeds limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of BOSTON SEEDS LIMITED at £2.6m based on a Turnover of £7.8m and 0.34x industry multiple (adjusted for size and gross margin).

boston seeds limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of BOSTON SEEDS LIMITED at £2.5m based on an EBITDA of £583.2k and a 4.32x industry multiple (adjusted for size and gross margin).

boston seeds limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of BOSTON SEEDS LIMITED at £1.5m based on Net Assets of £914.6k and 1.67x industry multiple (adjusted for liquidity).

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Boston Seeds Limited Overview

Boston Seeds Limited is a live company located in norfolk, PE38 9BJ with a Companies House number of 04226773. It operates in the wholesale of grain, unmanufactured tobacco, seeds and animal feeds sector, SIC Code 46210. Founded in June 2001, it's largest shareholder is frontier agriculture limited with a 100% stake. Boston Seeds Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.8m with high growth in recent years.

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Boston Seeds Limited Health Check

Pomanda's financial health check has awarded Boston Seeds Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £7.8m, make it smaller than the average company (£14.5m)

£7.8m - Boston Seeds Limited

£14.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (11.6%)

27% - Boston Seeds Limited

11.6% - Industry AVG

production

Production

with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)

25.6% - Boston Seeds Limited

25.6% - Industry AVG

profitability

Profitability

an operating margin of 6.3% make it more profitable than the average company (3.3%)

6.3% - Boston Seeds Limited

3.3% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (47)

19 - Boston Seeds Limited

47 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)

£35.6k - Boston Seeds Limited

£35.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £409.7k, this is less efficient (£705.5k)

£409.7k - Boston Seeds Limited

£705.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is later than average (20 days)

26 days - Boston Seeds Limited

20 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 63 days, this is slower than average (37 days)

63 days - Boston Seeds Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 27 days, this is less than average (65 days)

27 days - Boston Seeds Limited

65 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (19 weeks)

41 weeks - Boston Seeds Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.9%, this is a higher level of debt than the average (52.2%)

63.9% - Boston Seeds Limited

52.2% - Industry AVG

BOSTON SEEDS LIMITED financials

EXPORTms excel logo

Boston Seeds Limited's latest turnover from January 2024 is estimated at £7.8 million and the company has net assets of £914.6 thousand. According to their latest financial statements, Boston Seeds Limited has 19 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover7,783,4875,120,5605,379,1513,799,5676,381,0053,201,1753,849,6243,043,1212,075,8616,662,4363,717,5948,754,5103,518,0541,338,841540,489
Other Income Or Grants
Cost Of Sales5,791,6713,796,6093,854,3512,721,2094,611,7142,378,3662,972,8222,287,6451,535,2035,052,5452,835,6096,731,8132,650,662972,099407,066
Gross Profit1,991,8161,323,9511,524,8001,078,3581,769,291822,809876,802755,477540,6581,609,891881,9852,022,697867,393366,741133,423
Admin Expenses1,500,9651,244,7101,506,5031,088,1171,769,708736,333876,035656,680458,3791,609,661878,2221,980,848663,636397,18882,437
Operating Profit490,85179,24118,297-9,759-41786,47676798,79782,2792303,76341,849203,757-30,44750,986
Interest Payable1,1611,017375724242
Interest Receivable48,51521,6432,6254683,2982,9691,9409611,4801,4541,8081,6971,3161,446735
Pre-Tax Profit538,20599,86720,920-9,2912,88189,4442,63299,68683,7591,6845,57143,546205,031-29,04451,721
Tax-134,551-18,975-3,975-547-16,994-500-19,937-16,752-354-1,281-10,451-53,308-14,482
Profit After Tax403,65480,89216,945-9,2912,33472,4502,13279,74967,0071,3304,29033,095151,723-29,04437,239
Dividends Paid
Retained Profit403,65480,89216,945-9,2912,33472,4502,13279,74967,0071,3304,29033,095151,723-29,04437,239
Employee Costs677,226699,629581,516482,671366,660244,275224,908186,128186,0581,867,400885,4882,317,315853,916310,889184,712
Number Of Employees1922181612887770358034125
EBITDA*583,202143,65080,59938,25342,759111,99030,214126,836104,38116,57518,43758,230214,195-18,37753,278

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets174,614406,067278,714344,958214,294215,784175,701170,885146,975163,904169,701169,98768,49969,7667,145
Intangible Assets
Investments & Other39,372100,000100,000100,00050,00051,88050,17250,00050,00050,000
Debtors (Due After 1 year)
Total Fixed Assets213,986506,067378,714444,958264,294267,664225,873220,885196,975213,904169,701169,98768,49969,7667,145
Stock & work in progress443,666442,400558,000226,845221,00085,9001,0001,000
Trade Debtors555,747103,163413,915172,523533,427244,044246,391183,95953,386433,994223,192699,728288,19547,8054,942
Group Debtors594,512569730,733459,676217,755492,913117,679282,503
Misc Debtors47,29741,816122,26374,83944,98319,67026,75243,66821,49129,8488,885
Cash1,271,619576,587505,558544,422392,059487,443304,166472,016296,994294,836286,769436,618242,268284,134294,066
misc current assets208208208208208
total current assets2,318,3291,758,4781,600,3051,749,3621,651,1451,054,8121,070,222817,322654,374729,038510,1691,137,554531,671361,995307,893
total assets2,532,3152,264,5451,979,0192,194,3201,915,4391,322,4761,296,0951,038,207851,349942,942679,8701,307,541600,170431,761315,038
Bank overdraft37520,266822,3171,305
Bank loan
Trade Creditors 1,007,7921,303,2901,002,405784,1981,247,727581,264552,209440,710321,125686,430432,4671,060,452436,436329,220165,729
Group/Directors Accounts
other short term finances
hp & lease commitments2,178
other current liabilities567,047412,556543,777983,512223,627299,016369,233216,027258,89292,941111,970
total current liabilities1,577,3921,736,1121,546,2641,767,7101,471,354880,280921,442659,054580,017686,430432,4671,060,452436,436423,466277,699
loans
hp & lease commitments34,840
Accruals and Deferred Income
other liabilities81520,10922,12527,03230,799
provisions5,47817,4822,69612,6811,5712,8655,5927,7793,9763,716
total long term liabilities40,31817,4822,69613,49621,68022,12527,03233,6645,5927,7793,9763,716
total liabilities1,617,7101,753,5941,548,9601,781,2061,493,034902,405948,474692,718585,609694,209432,4671,064,428440,152423,466277,699
net assets914,605510,951430,059413,114422,405420,071347,621345,489265,740248,733247,403243,113160,0188,29537,339
total shareholders funds914,605510,951430,059413,114422,405420,071347,621345,489265,740248,733247,403243,113160,0188,29537,339
Jan 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit490,85179,24118,297-9,759-41786,47676798,79782,2792303,76341,849203,757-30,44750,986
Depreciation92,35164,40962,30248,01243,17625,51429,44728,03922,10216,34514,67416,38110,43812,0702,292
Amortisation
Tax-134,551-18,975-3,975-547-16,994-500-19,937-16,752-354-1,281-10,451-53,308-14,482
Stock1,266-115,600331,1555,845135,10085,900-1,0001,000
Debtors-136,447202,744-441,348-59,991556,617-284,587420,750-12,074-76,614210,802-476,536411,533210,54263,82613,827
Creditors-295,498300,885218,207-463,529666,46329,055111,499119,585-365,305253,963-627,985624,016107,216163,491165,729
Accruals and Deferred Income154,491-131,221-439,735759,885-75,389-70,217153,206-42,865258,892-92,941-19,029111,970
Deferred Taxes & Provisions-12,00414,786-9,98511,1101,571-2,865-2,727-2,1877,779-3,9762603,716
Cash flow from operations430,821221,981-44,696399,865-56,860252,521-129,196192,96655,64367,161-137,269260,522-32,66462,259302,668
Investing Activities
capital expenditure139,102-191,7623,942-178,676-41,686-65,597-34,263-51,949-5,173-10,548-14,388-117,869-9,171-74,691-9,437
Change in Investments-60,62850,000-1,8801,70817250,000
cash flow from investments199,730-191,7623,942-228,676-39,806-67,305-34,435-51,949-5,173-60,548-14,388-117,869-9,171-74,691-9,437
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments37,018
other long term liabilities-815-19,294-2,016-4,907-3,76730,799
share issue-50,00050,000100
interest47,35420,6262,6224683,2982,9691,8658891,4801,4541,8081,6971,2741,404735
cash flow from financing84,37220,6261,807-18,8261,282-1,938-1,90231,688-48,5201,4541,80851,6971,2741,404835
cash and cash equivalents
cash695,03271,029-38,864152,363-95,384183,277-167,850175,0222,1588,067-149,849194,350-41,866-9,932294,066
overdraft-19,89120,18482-2,3172,317-1,3051,305
change in cash714,92350,845-38,946152,363-95,384183,277-165,533172,7052,1588,067-149,849194,350-40,561-11,237294,066

boston seeds limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Boston Seeds Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for boston seeds limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in PE38 area or any other competitors across 12 key performance metrics.

boston seeds limited Ownership

BOSTON SEEDS LIMITED group structure

Boston Seeds Limited has 1 subsidiary company.

Ultimate parent company

1 parent

BOSTON SEEDS LIMITED

04226773

1 subsidiary

BOSTON SEEDS LIMITED Shareholders

frontier agriculture limited 100%

boston seeds limited directors

Boston Seeds Limited currently has 4 directors. The longest serving directors include Mr Andrew Wallis (Jul 2001) and Mr George Wallis (Oct 2018).

officercountryagestartendrole
Mr Andrew Wallis67 years Jul 2001- Director
Mr George Wallis38 years Oct 2018- Director
Mr James CameronUnited Kingdom52 years Feb 2024- Director
Mr Kenneth AitchisonEngland65 years Feb 2024- Director

P&L

January 2024

turnover

7.8m

+52%

operating profit

490.9k

0%

gross margin

25.6%

-1.03%

turnover

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

Balance Sheet

January 2024

net assets

914.6k

+0.79%

total assets

2.5m

+0.12%

cash

1.3m

+1.21%

net assets

Total assets minus all liabilities

boston seeds limited company details

company number

04226773

Type

Private limited with Share Capital

industry

47760 - Retail sale of flowers, plants, seeds, fertilisers, pet animals and pet food in specialised stores

46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

incorporation date

June 2001

age

24

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

andrew j wallis limited (August 2013)

speed 8804 limited (July 2001)

accountant

-

auditor

-

address

23 london road, downham market, norfolk, PE38 9BJ

Bank

-

Legal Advisor

-

boston seeds 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 boston seeds limited.

boston seeds 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.

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boston seeds limited Companies House Filings - See Documents

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