sasco sauces limited

sasco sauces limited Company Information

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Company Number

04614082

Industry

Manufacture of other food products n.e.c.

 

Directors

Gary Spicer

Susan Spicer

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Shareholders

gary john spicer

susan jane spicer

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Group Structure

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Contact

Registered Address

5 yeomans court, ware road, hertford, hertfordshire, SG13 7HJ

sasco sauces limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of SASCO SAUCES LIMITED at £4.2m based on a Turnover of £6.7m and 0.63x industry multiple (adjusted for size and gross margin).

sasco sauces limited Estimated Valuation

£9.3m

Pomanda estimates the enterprise value of SASCO SAUCES LIMITED at £9.3m based on an EBITDA of £2m and a 4.64x industry multiple (adjusted for size and gross margin).

sasco sauces limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of SASCO SAUCES LIMITED at £6.6m based on Net Assets of £3.2m and 2.03x industry multiple (adjusted for liquidity).

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Sasco Sauces Limited Overview

Sasco Sauces Limited is a live company located in hertford, SG13 7HJ with a Companies House number of 04614082. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in December 2002, it's largest shareholder is gary john spicer with a 75% stake. Sasco Sauces Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.7m with high growth in recent years.

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Sasco Sauces Limited Health Check

Pomanda's financial health check has awarded Sasco Sauces 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 Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £6.7m, make it smaller than the average company (£27m)

£6.7m - Sasco Sauces Limited

£27m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (10.1%)

17% - Sasco Sauces Limited

10.1% - Industry AVG

production

Production

with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)

24.6% - Sasco Sauces Limited

24.6% - Industry AVG

profitability

Profitability

an operating margin of 24.5% make it more profitable than the average company (3.4%)

24.5% - Sasco Sauces Limited

3.4% - Industry AVG

employees

Employees

with 38 employees, this is below the industry average (123)

38 - Sasco Sauces Limited

123 - Industry AVG

paystructure

Pay Structure

on an average salary of £39k, the company has an equivalent pay structure (£39k)

£39k - Sasco Sauces Limited

£39k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £175.6k, this is less efficient (£236.6k)

£175.6k - Sasco Sauces Limited

£236.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is later than average (50 days)

61 days - Sasco Sauces Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 72 days, this is slower than average (43 days)

72 days - Sasco Sauces Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 21 days, this is less than average (42 days)

21 days - Sasco Sauces Limited

42 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 86 weeks, this is more cash available to meet short term requirements (7 weeks)

86 weeks - Sasco Sauces Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.6%, this is a lower level of debt than the average (56.4%)

34.6% - Sasco Sauces Limited

56.4% - Industry AVG

SASCO SAUCES LIMITED financials

EXPORTms excel logo

Sasco Sauces Limited's latest turnover from April 2024 is estimated at £6.7 million and the company has net assets of £3.2 million. According to their latest financial statements, Sasco Sauces Limited has 38 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover6,674,0525,185,6114,639,1414,161,5074,420,2245,453,8845,410,1635,600,0925,732,8768,794,77010,392,50211,167,19811,689,27511,486,50411,355,442
Other Income Or Grants000000000000000
Cost Of Sales5,032,9243,907,7333,446,8253,119,7223,304,9544,094,3924,074,0754,119,7524,280,5456,836,7708,342,3118,773,4959,764,0309,552,4779,336,075
Gross Profit1,641,1281,277,8781,192,3161,041,7851,115,2691,359,4931,336,0881,480,3401,452,3311,958,0002,050,1912,393,7031,925,2451,934,0272,019,367
Admin Expenses4,814599,6781,199,460655,7091,473,7181,611,104-480,2151,647,9162,087,0971,394,1531,252,5881,238,8781,202,6941,164,4991,161,705
Operating Profit1,636,314678,200-7,144386,076-358,449-251,6111,816,303-167,576-634,766563,847797,6031,154,825722,551769,528857,662
Interest Payable5867,47413,00815,2507,625000034,66640,87628,57420,1595,24119,763
Interest Receivable104,44340,6465,5138245451,7771,2381,2402,6797,5213,7874,361000
Pre-Tax Profit1,740,171711,372-14,639371,649-365,529-249,8341,817,541-166,336-632,087103,223327,035697,133268,913330,808-114,860
Tax-435,043-177,8430-70,61300-345,33300-89,814-166,585-273,825-166,592-196,777-229,489
Profit After Tax1,305,128533,529-14,639301,036-365,529-249,8341,472,208-166,336-632,08713,409160,450423,308102,321134,031-344,349
Dividends Paid000000000520,000425,000350,000180,00080,000400,000
Retained Profit1,305,128533,529-14,639301,036-365,529-249,8341,472,208-166,336-632,087-506,591-264,55073,308-77,67954,031-744,349
Employee Costs1,480,6991,197,6141,103,9071,160,7571,350,5971,142,6691,108,1281,023,9871,178,6001,092,175917,132851,023807,597846,141853,977
Number Of Employees383333354236353439354137353434
EBITDA*2,011,276892,321215,117597,419-144,998-35,3822,036,4872,180-305,0801,067,3081,309,8581,656,5701,210,2811,248,9881,352,527

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets461,554413,064491,949399,298422,878458,258502,231544,786630,423562,395653,262658,214543,820448,925349,096
Intangible Assets0328,236491,815655,394818,973982,5521,146,3111,310,0701,473,8291,733,9162,167,3952,600,8743,034,3533,467,8323,901,311
Investments & Other120120120120120120120120120120120120120120120
Debtors (Due After 1 year)000000000000000
Total Fixed Assets461,674741,420983,8841,054,8121,241,9711,440,9301,648,6621,854,9762,104,3722,296,4312,820,7773,259,2083,578,2933,916,8774,250,527
Stock & work in progress295,894323,026324,370181,682198,868264,233235,164270,823226,840230,582303,278273,336489,634250,490250,416
Trade Debtors1,116,533885,664845,686626,024595,466946,528974,2251,087,9621,026,3991,072,1451,278,6661,274,9111,446,6811,707,7651,627,486
Group Debtors000000000000000
Misc Debtors403,735483,15886,22778,46238,53870,59578,83885,76587,03492,76487,11981,017116,246116,539121,265
Cash2,677,5351,301,231611,516858,579789,025300,017173,758321,313670,974400,794641,017629,793138,18636,423203,977
misc current assets000000000000000
total current assets4,493,6972,993,0791,867,7991,744,7471,621,8971,581,3731,461,9851,765,8632,011,2471,796,2852,310,0802,259,0572,190,7472,111,2172,203,144
total assets4,955,3713,734,4992,851,6832,799,5592,863,8683,022,3033,110,6473,620,8394,115,6194,092,7165,130,8575,518,2655,769,0406,028,0946,453,671
Bank overdraft000000000000000
Bank loan010,417125,00078,98200000000000
Trade Creditors 1,005,251846,706621,223591,371643,712851,302809,4101,033,421935,351693,8641,062,054976,5861,299,7821,147,9551,144,571
Group/Directors Accounts1201201201201201201201201205,8032701201200120
other short term finances000000000000269,923528,525947,311
hp & lease commitments0000000000103,545110,63340,69639,1730
other current liabilities610,017856,400615,574459,169792,930623,947498,884527,865941,856529,463570,496667,866579,840633,164777,985
total current liabilities1,615,3881,713,6431,361,9171,129,6421,436,7621,475,3691,308,4141,561,4061,877,3271,229,1301,736,3651,755,2052,190,3612,348,8172,869,987
loans0010,417171,018250,0000000000000
hp & lease commitments00000000000103,5452,11037,6510
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions100,92586,92678,94883,85963,10267,40172,86651,72764,25057,45781,77282,24572,60759,98556,074
total long term liabilities100,92586,92689,365254,877313,10267,40172,86651,72764,25057,45781,772185,79074,71797,63656,074
total liabilities1,716,3131,800,5691,451,2821,384,5191,749,8641,542,7701,381,2801,613,1331,941,5771,286,5871,818,1371,940,9952,265,0782,446,4532,926,061
net assets3,239,0581,933,9301,400,4011,415,0401,114,0041,479,5331,729,3672,007,7062,174,0422,806,1293,312,7203,577,2703,503,9623,581,6413,527,610
total shareholders funds3,239,0581,933,9301,400,4011,415,0401,114,0041,479,5331,729,3672,007,7062,174,0422,806,1293,312,7203,577,2703,503,9623,581,6413,527,610
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit1,636,314678,200-7,144386,076-358,449-251,6111,816,303-167,576-634,766563,847797,6031,154,825722,551769,528857,662
Depreciation46,72650,54258,68247,76449,87252,47056,4255,99769,59969,98278,77668,26654,25145,98161,386
Amortisation328,236163,579163,579163,579163,579163,759163,759163,759260,087433,479433,479433,479433,479433,479433,479
Tax-435,043-177,8430-70,61300-345,33300-89,814-166,585-273,825-166,592-196,777-229,489
Stock-27,132-1,344142,688-17,186-65,36529,069-35,65943,983-3,742-72,69629,942-216,298239,14474250,416
Debtors151,446436,909227,42770,482-383,119-35,940-120,66460,294-51,476-200,8769,857-206,999-261,37775,5531,748,751
Creditors158,545225,48329,852-52,341-207,59041,892-224,01198,070241,487-368,19085,468-323,196151,8273,3841,144,571
Accruals and Deferred Income-246,383240,826156,405-333,761168,983125,063-28,981-413,991412,393-41,033-97,37088,026-53,324-144,821777,985
Deferred Taxes & Provisions13,9997,978-4,91120,757-4,299-5,46521,139-12,5236,793-24,315-4739,63812,6223,91156,074
Cash flow from operations1,378,080753,20026,348108,165260,580132,9791,615,624-430,541410,811817,5281,091,0991,580,5101,177,047839,0581,102,501
Investing Activities
capital expenditure-95,21628,343-151,333-24,184-14,492-8,497-13,87079,640-137,62710,080-75,213-192,316-87,649-154,147-4,779,606
Change in Investments00000000000000120
cash flow from investments-95,21628,343-151,333-24,184-14,492-8,497-13,87079,640-137,62710,080-75,213-192,316-87,649-154,147-4,779,726
Financing Activities
Bank loans-10,417-114,58346,01878,98200000000000
Group/Directors Accounts00000000-5,6835,5331500120-120120
Other Short Term Loans 00000000000-269,923-258,602-418,786947,311
Long term loans0-10,417-160,601-78,982250,0000000000000
Hire Purchase and Lease Commitments000000000-103,545-110,633171,372-34,01876,8240
other long term liabilities000000000000000
share issue000000-1,750,54700000004,271,959
interest103,85733,172-7,495-14,426-7,0801,7771,2381,2402,679-27,145-37,089-24,213-20,159-5,241-19,763
cash flow from financing93,440-91,828-122,078-14,426242,9201,777-1,749,3091,240-3,004-125,157-147,572-122,764-312,659-347,3235,199,627
cash and cash equivalents
cash1,376,304689,715-247,06369,554489,008126,259-147,555-349,661270,180-240,22311,224491,607101,763-167,554203,977
overdraft000000000000000
change in cash1,376,304689,715-247,06369,554489,008126,259-147,555-349,661270,180-240,22311,224491,607101,763-167,554203,977

sasco sauces 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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Sasco Sauces Limited Competitor Analysis

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Perform a competitor analysis for sasco sauces limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in SG13 area or any other competitors across 12 key performance metrics.

sasco sauces limited Ownership

SASCO SAUCES LIMITED group structure

Sasco Sauces Limited has 1 subsidiary company.

Ultimate parent company

SASCO SAUCES LIMITED

04614082

1 subsidiary

SASCO SAUCES LIMITED Shareholders

gary john spicer 75%
susan jane spicer 10%
daniel spicer 5%
grace spicer 5%
ryan spicer 5%

sasco sauces limited directors

Sasco Sauces Limited currently has 5 directors. The longest serving directors include Mr Gary Spicer (Dec 2002) and Ms Susan Spicer (Mar 2015).

officercountryagestartendrole
Mr Gary SpicerEngland58 years Dec 2002- Director
Ms Susan SpicerEngland58 years Mar 2015- Director
Mr Ryan SpicerUnited Kingdom28 years Jan 2017- Director
Mr Daniel SpicerUnited Kingdom35 years Jan 2017- Director
Miss Grace SpicerUnited Kingdom32 years Jan 2017- Director

P&L

April 2024

turnover

6.7m

+29%

operating profit

1.6m

0%

gross margin

24.6%

-0.22%

turnover

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

Balance Sheet

April 2024

net assets

3.2m

+0.67%

total assets

5m

+0.33%

cash

2.7m

+1.06%

net assets

Total assets minus all liabilities

sasco sauces limited company details

company number

04614082

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

December 2002

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

sasco holdings limited (May 2009)

accountant

-

auditor

-

address

5 yeomans court, ware road, hertford, hertfordshire, SG13 7HJ

Bank

-

Legal Advisor

-

sasco sauces 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 sasco sauces limited. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

sasco sauces limited Companies House Filings - See Documents

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