Worth Farms Limited

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worth farms limited Company Information

Live

MatureMidHealthy

Company Number

04595713

Website

http://www.ahworth.co.uk

Registered Address

fleet estate office, manor farm, holbeach hurn, holbeach, spalding, lincolnshire, PE12 8LR

Industry

Growing of cereals (except rice), leguminous crops and oil seeds

Telephone

01406490000

Next Accounts Due

February 2025

Group Structure

View All

Directors

Duncan Worth21 Years

Hugh Baker17 Years

Shareholders

ahw (operating) co ltd 100%

worth farms limited Estimated Valuation

£3.5m - £4.4m

The estimated valuation range for worth farms limited, derived from financial data as of May 2023 and the most recent industry multiples, is between £3.5m to £4.4m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Worth Farms Limited AI Business Plan

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Worth Farms Limited is a live company located in spalding, PE12 8LR with a Companies House number of 04595713. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in November 2002, it's largest shareholder is ahw (operating) co ltd with a 100% stake. Worth Farms Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Worth Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £7.3m, make it in line with the average company (£6.2m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WORTH FARMS LIMITED group structure

Worth Farms Limited has no subsidiary companies.

Ultimate parent company

A H WORTH AND COMPANY LIMITED

00451065

AHW (OPERATING) CO LIMITED

07944839

2 parents

WORTH FARMS LIMITED

04595713

WORTH FARMS LIMITED Shareholders

ahw (operating) co ltd

100%

Worth Farms Limited currently has 2 directors. The longest serving directors include Mr Duncan Worth (Nov 2002) and Mr Hugh Baker (May 2006).

officer	country	age	start	end	role
Mr Duncan Worth		58 years	Nov 2002	-	Director
Mr Hugh Baker		54 years	May 2006	-	Director

EXPORT

Worth Farms Limited's latest turnover from May 2023 is £7.3 million and the company has net assets of £4.4 million. According to their latest financial statements, Worth Farms Limited has 17 employees and maintains cash reserves of £12.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	7,255,475	5,642,229	4,460,192	4,979,155	5,182,998	3,960,375	4,089,128	3,971,288	3,553,415	3,891,905	3,818,665	2,753,050	3,634,278	5,367,437
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,650,356	1,884,207	1,737,786	1,733,434	1,810,902	1,396,538	1,315,566	1,392,322	1,474,270	1,450,302	1,501,191	1,064,298	1,421,466	3,424,822
Gross Profit	4,605,119	3,758,022	2,722,406	3,245,721	3,372,096	2,563,837	2,773,562	2,578,966	2,079,145	2,441,603	2,317,474	1,688,752	2,212,812	1,942,615
Admin Expenses	3,763,735	3,271,280	2,879,091	2,798,998	2,620,190	2,084,967	2,400,452	2,089,467	1,813,904	2,048,169	1,931,745	1,445,542	1,674,954	220,860
Operating Profit	841,384	486,742	-156,685	446,723	751,906	478,870	373,110	489,499	265,241	393,434	385,729	243,210	537,858	1,721,755
Interest Payable	47,903	57,213	34,433	23,753	21,492	21,823	16,468	22,323	21,911	22,499	40,495	24,815	54,795	0
Interest Receivable	0	863	0	1,538	891	307	0	0	0	0	0	0	0	1,104
Pre-Tax Profit	793,481	430,392	-191,118	424,508	731,305	457,354	356,642	467,176	243,330	370,935	345,234	218,395	483,063	1,722,858
Tax	-209,502	-91,587	-31,427	-72,582	-30,955	-91,301	-80,154	-98,453	-53,388	-90,729	-81,342	-51,716	-203,574	-482,400
Profit After Tax	583,979	338,805	-222,545	351,926	700,350	366,053	276,488	368,723	189,942	280,206	263,892	166,679	279,489	1,240,458
Dividends Paid	0	0	0	0	0	0	250,000	150,000	100,000	241,029	75,000	0	0	0
Retained Profit	583,979	338,805	-222,545	351,926	700,350	366,053	26,488	218,723	89,942	39,177	188,892	166,679	279,489	1,240,458
Employee Costs	788,232	679,062	663,213	665,566	486,633	426,328	313,372	530,726	509,669	738,446	792,676	612,013	791,146	1,221,129
Number Of Employees	17	17	15	15	16	15	11	11	11	27	27	21	29	45
EBITDA*	1,325,604	944,516	175,950	676,848	987,523	746,462	657,249	821,748	605,507	693,541	716,244	571,936	839,030	1,980,303

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	2,344,233	2,497,595	2,324,937	1,611,566	1,244,194	1,034,859	723,004	862,533	929,163	769,487	842,808	733,716	868,089	772,302
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,344,233	2,497,595	2,324,937	1,611,566	1,244,194	1,034,859	723,004	862,533	929,163	769,487	842,808	733,716	868,089	772,302
Stock & work in progress	2,299,153	2,313,828	1,979,074	1,803,216	1,727,275	1,706,072	1,461,146	1,472,804	1,454,486	1,511,118	1,400,680	1,540,152	1,034,432	1,280,133
Trade Debtors	341,917	1,462,730	974,482	1,086,432	1,018,454	971,315	672,820	656,129	621,502	752,279	592,907	385,495	680,111	1,056,153
Group Debtors	672,493	172,522	15,560	52,266	12,922	184,031	64,530	280,301	155,147	422,718	223,944	201,029	425,704	0
Misc Debtors	1,378,323	771,299	799,572	837,533	678,950	550,649	992,051	601,356	477,108	400,911	497,275	377,692	655,812	0
Cash	12,139	176,510	135,752	431,072	285,399	114,813	445,917	61,836	110,059	14,170	92,489	142,792	109,388	441,440
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,704,025	4,896,889	3,904,440	4,210,519	3,723,000	3,526,880	3,636,464	3,072,426	2,818,302	3,101,196	2,807,295	2,647,160	2,905,447	2,777,726
total assets	7,048,258	7,394,484	6,229,377	5,822,085	4,967,194	4,561,739	4,359,468	3,934,959	3,747,465	3,870,683	3,650,103	3,380,876	3,773,536	3,550,028
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	909,983	834,921	765,931	817,529	663,063	662,103	870,676	326,523	244,891	574,146	619,237	171,268	230,690	744,919
Group/Directors Accounts	0	0	20,085	0	0	363,299	23,695	475,706	26,465	342,169	56,695	120,967	72,328	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	256,890	249,934	448,565	249,934	278,231	293,529	169,983	199,405	156,404	144,775	210,112	171,546	199,880	0
other current liabilities	210,832	209,092	236,655	246,049	325,195	243,876	740,883	346,287	268,788	293,914	203,287	305,607	390,603	0
total current liabilities	1,377,705	1,293,947	1,471,236	1,313,512	1,266,489	1,562,807	1,805,237	1,347,921	696,548	1,355,004	1,089,331	769,388	893,501	744,919
loans	50,000	940,000	200,000	200,000	0	0	0	0	650,000	400,000	375,000	700,000	1,000,000	0
hp & lease commitments	878,295	1,199,493	1,015,381	574,069	384,453	383,030	304,382	363,677	396,279	200,983	310,253	202,818	316,961	0
Accruals and Deferred Income	0	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	0	1,564,650
provisions	373,841	176,606	97,127	66,326	0	0	0	0	0	0	0	22,043	43,126	0
total long term liabilities	1,302,136	2,316,099	1,312,508	840,395	384,453	383,030	304,382	363,677	1,046,279	600,983	685,253	924,861	1,360,087	1,564,650
total liabilities	2,679,841	3,610,046	2,783,744	2,153,907	1,650,942	1,945,837	2,109,619	1,711,598	1,742,827	1,955,987	1,774,584	1,694,249	2,253,588	2,309,569
net assets	4,368,417	3,784,438	3,445,633	3,668,178	3,316,252	2,615,902	2,249,849	2,223,361	2,004,638	1,914,696	1,875,519	1,686,627	1,519,948	1,240,459
total shareholders funds	4,368,417	3,784,438	3,445,633	3,668,178	3,316,252	2,615,902	2,249,849	2,223,361	2,004,638	1,914,696	1,875,519	1,686,627	1,519,948	1,240,459

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	841,384	486,742	-156,685	446,723	751,906	478,870	373,110	489,499	265,241	393,434	385,729	243,210	537,858	1,721,755
Depreciation	484,220	457,774	332,635	230,125	235,617	267,592	284,139	332,249	340,266	300,107	330,515	328,726	301,172	258,548
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-209,502	-91,587	-31,427	-72,582	-30,955	-91,301	-80,154	-98,453	-53,388	-90,729	-81,342	-51,716	-203,574	-482,400
Stock	-14,675	334,754	175,858	75,941	21,203	244,926	-11,658	18,318	-56,632	110,438	-139,472	505,720	-245,701	1,280,133
Debtors	-13,818	616,937	-186,617	265,905	4,331	-23,406	191,615	284,029	-322,151	261,782	349,910	-797,411	705,474	1,056,153
Creditors	75,062	68,990	-51,598	154,466	960	-208,573	544,153	81,632	-329,255	-45,091	447,969	-59,422	-514,229	744,919
Accruals and Deferred Income	1,740	-27,563	-9,394	-79,146	81,319	-497,007	394,596	77,499	-25,126	90,627	-102,320	-84,996	390,603	0
Deferred Taxes & Provisions	197,235	79,479	30,801	66,326	0	0	0	0	0	0	-22,043	-21,083	43,126	0
Cash flow from operations	1,418,632	22,144	125,091	404,066	1,013,313	-271,939	1,335,887	580,079	576,521	276,128	748,070	646,410	95,183	-93,464
Investing Activities
capital expenditure	-330,858	-630,432	-1,046,006	-597,497	-444,952	-579,447	-144,610	-265,619	-499,942	-226,786	-439,607	-194,353	-396,959	-1,030,850
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-330,858	-630,432	-1,046,006	-597,497	-444,952	-579,447	-144,610	-265,619	-499,942	-226,786	-439,607	-194,353	-396,959	-1,030,850
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-20,085	20,085	0	-363,299	339,604	-452,011	449,241	-315,704	285,474	-64,272	48,639	72,328	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-890,000	740,000	0	200,000	0	0	0	-650,000	250,000	25,000	-325,000	-300,000	1,000,000	0
Hire Purchase and Lease Commitments	-314,242	-14,519	639,943	161,319	-13,875	202,194	-88,717	10,399	206,925	-174,607	146,001	-142,477	516,841	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-1,564,650	1,564,650
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-47,903	-56,350	-34,433	-22,215	-20,601	-21,516	-16,468	-22,323	-21,911	-22,499	-40,495	-24,815	-54,795	1,104
cash flow from financing	-1,252,145	649,046	625,595	339,104	-397,775	520,282	-557,196	-212,683	119,310	113,368	-283,766	-418,653	-30,276	1,565,755
cash and cash equivalents
cash	-164,371	40,758	-295,320	145,673	170,586	-331,104	384,081	-48,223	95,889	-78,319	-50,303	33,404	-332,052	441,440
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-164,371	40,758	-295,320	145,673	170,586	-331,104	384,081	-48,223	95,889	-78,319	-50,303	33,404	-332,052	441,440

P&L

May 2023

turnover

7.3m

+29%

operating profit

841.4k

+73%

gross margin

63.5%

-4.71%

turnover

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

Balance Sheet

May 2023

net assets

4.4m

+0.15%

total assets

-0.05%

cash

12.1k

-0.93%

net assets

Total assets minus all liabilities

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company number

04595713

Type

Private limited with Share Capital

industry

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

incorporation date

November 2002

age

accounts

Full Accounts

ultimate parent company

A H WORTH AND COMPANY LIMITED

previous names

N/A

incorporated

address

fleet estate office, manor farm, holbeach hurn, holbeach, spalding, lincolnshire, PE12 8LR

last accounts submitted

May 2023

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 1 charges/mortgages relating to worth farms limited. Currently there are 1 open charges and 0 have been satisfied in the past.

worth farms limited Company Information

worth farms limited Estimated Valuation

worth farms limited Estimated Valuation

worth farms limited Estimated Valuation

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