J & R Armstrong Farms Limited

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j & r armstrong farms limited Company Information

Live

MatureSmallRapid

Company Number

04653959

Website

Registered Address

scotgrove farm henry lane, bardney, lincoln, lincs, LN3 5TL

Industry

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

Telephone

01526398300

Next Accounts Due

December 2024

Group Structure

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Directors

Margaret Armstrong21 Years

James Armstrong21 Years

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Shareholders

james macadam armstrong 40%

mr robert armstrong 35%

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j & r armstrong farms limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of J & R ARMSTRONG FARMS LIMITED at £1.8m based on Net Assets of £2.1m and 0.85x industry multiple (adjusted for liquidity).

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J & R Armstrong Farms Limited AI Business Plan

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J & R Armstrong Farms Limited is a live company located in lincoln, LN3 5TL with a Companies House number of 04653959. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in January 2003, it's largest shareholder is james macadam armstrong with a 40% stake. J & R Armstrong Farms Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with rapid growth in recent years.

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

Health Rating4out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (6.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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J & R ARMSTRONG FARMS LIMITED group structure

J & R Armstrong Farms Limited has no subsidiary companies.

Ultimate parent company

J & R ARMSTRONG FARMS LIMITED

04653959

J & R ARMSTRONG FARMS LIMITED Shareholders

james macadam armstrong	40%
mr robert armstrong	35%
mrs margaret allan armstrong	25%

J & R Armstrong Farms Limited currently has 3 directors. The longest serving directors include Mrs Margaret Armstrong (Feb 2003) and Mr James Armstrong (Feb 2003).

officer	age	start	end	role
Mrs Margaret Armstrong	88 years	Feb 2003	-	Director
Mr James Armstrong	60 years	Feb 2003	-	Director
Mr Robert Armstrong	90 years	Feb 2003	-	Director

EXPORT

J & R Armstrong Farms Limited's latest turnover from March 2023 is estimated at £2.6 million and the company has net assets of £2.1 million. According to their latest financial statements, J & R Armstrong Farms Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,636,071	2,382,509	1,593,064	1,150,902	1,107,187	1,108,417	1,038,335	377,815	205,009	294,913	371,907	319,470	149,330	166,555
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,186,142	2,012,917	1,371,973	988,178	939,632	918,217	885,317	320,357	168,742	244,365	293,295	249,046	119,764	133,556
Gross Profit	449,930	369,593	221,091	162,724	167,555	190,200	153,018	57,457	36,266	50,548	78,612	70,424	29,566	32,999
Admin Expenses	83,277	170,561	135,326	49,536	104,140	166,427	-804,892	44,819	-38,914	-54,480	48,088	-124,394	18,126	-435,006
Operating Profit	366,653	199,032	85,765	113,188	63,415	23,773	957,910	12,638	75,180	105,028	30,524	194,818	11,440	468,005
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	720	2,902	2,689	2,216	1,717	1,170	1,151	708
Pre-Tax Profit	366,653	199,032	85,765	113,188	63,415	23,773	958,630	15,540	77,868	107,244	32,241	195,988	12,592	468,714
Tax	-69,664	-37,816	-16,295	-21,506	-12,049	-4,517	-191,726	-3,108	-16,352	-24,666	-7,738	-50,957	-3,526	-131,240
Profit After Tax	296,989	161,216	69,470	91,682	51,366	19,256	766,904	12,432	61,516	82,578	24,503	145,031	9,066	337,474
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	296,989	161,216	69,470	91,682	51,366	19,256	766,904	12,432	61,516	82,578	24,503	145,031	9,066	337,474
Employee Costs	212,584	202,939	127,406	123,978	120,732	117,667	112,466	58,327	28,879	28,579	58,373	55,029	26,907	28,181
Number Of Employees	6	6	4	4	4	4	4	2	1	1	2	2	1	1
EBITDA*	366,653	199,032	85,765	113,188	63,415	23,773	957,910	79,270	156,835	176,713	119,705	294,704	102,391	548,599

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,418,836	1,270,495	1,303,226	1,316,990	1,278,591	1,283,462	1,135,915	678,353	682,979	656,781	720,439	760,150	741,218	658,686
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	1,400
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	1,418,836	1,270,495	1,303,226	1,316,990	1,278,591	1,283,462	1,135,915	678,353	682,979	656,781	720,439	760,150	741,218	660,086
Stock & work in progress	0	0	0	0	0	0	0	134,473	116,892	122,129	93,603	102,636	118,216	72,814
Trade Debtors	913,410	825,093	546,296	436,845	403,826	363,910	378,194	119,784	54,650	88,798	129,548	137,054	43,270	50,506
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	12,080	20,824	0	0	49,629	52,345
Cash	0	0	0	0	0	0	0	576,012	584,911	490,553	395,888	290,762	177,105	283,374
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	913,410	825,093	546,296	436,845	403,826	363,910	378,194	830,269	768,533	722,304	619,039	530,452	388,220	459,039
total assets	2,332,246	2,095,588	1,849,522	1,753,835	1,682,417	1,647,372	1,514,109	1,508,622	1,451,512	1,379,085	1,339,478	1,290,602	1,129,438	1,119,125
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	202,763	263,094	178,244	152,027	172,291	188,612	74,605	84,419	40,049	44,342	77,496	48,978	44,426	61,004
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	202,763	263,094	178,244	152,027	172,291	188,612	74,605	84,419	40,049	44,342	77,496	48,978	44,426	61,004
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0
provisions	0	0	0	0	0	0	0	63,525	63,217	48,013	57,830	61,975	50,394	32,569
total long term liabilities	0	0	0	0	0	0	0	63,525	63,217	48,013	57,830	61,975	50,394	32,569
total liabilities	202,763	263,094	178,244	152,027	172,291	188,612	74,605	147,944	103,266	92,355	135,326	110,953	94,820	93,573
net assets	2,129,483	1,832,494	1,671,278	1,601,808	1,510,126	1,458,760	1,439,504	1,360,678	1,348,246	1,286,730	1,204,152	1,179,649	1,034,618	1,025,552
total shareholders funds	2,129,483	1,832,494	1,671,278	1,601,808	1,510,126	1,458,760	1,439,504	1,360,678	1,348,246	1,286,730	1,204,152	1,179,649	1,034,618	1,025,552

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	366,653	199,032	85,765	113,188	63,415	23,773	957,910	12,638	75,180	105,028	30,524	194,818	11,440	468,005
Depreciation	0	0	0	0	0	0	0	66,632	81,655	71,685	89,181	99,886	89,551	79,194
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	1,400	1,400
Tax	-69,664	-37,816	-16,295	-21,506	-12,049	-4,517	-191,726	-3,108	-16,352	-24,666	-7,738	-50,957	-3,526	-131,240
Stock	0	0	0	0	0	0	-134,473	17,581	-5,237	28,526	-9,033	-15,580	45,402	72,814
Debtors	88,317	278,797	109,451	33,019	39,916	-14,284	258,410	53,054	-42,892	-19,926	-7,506	44,155	-9,952	102,851
Creditors	-60,331	84,850	26,217	-20,264	-16,321	114,007	-9,814	44,370	-4,293	-33,154	28,518	4,552	-16,578	61,004
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-63,525	308	15,204	-9,817	-4,145	11,581	17,825	32,569
Cash flow from operations	148,341	-32,731	-13,764	38,399	-4,871	147,547	568,908	50,205	199,523	100,476	152,879	231,305	64,662	335,267
Investing Activities
capital expenditure	-148,341	32,731	13,764	-38,399	4,871	-147,547	-457,562	-62,006	-107,853	-8,027	-49,470	-118,818	-172,083	-740,680
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-148,341	32,731	13,764	-38,399	4,871	-147,547	-457,562	-62,006	-107,853	-8,027	-49,470	-118,818	-172,083	-740,680
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-688,078	0	0	0	0	0	0	688,078
interest	0	0	0	0	0	0	720	2,902	2,689	2,216	1,717	1,170	1,151	708
cash flow from financing	0	0	0	0	0	0	-687,358	2,902	2,689	2,216	1,717	1,170	1,151	688,786
cash and cash equivalents
cash	0	0	0	0	0	0	-576,012	-8,899	94,358	94,665	105,126	113,657	-106,269	283,374
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-576,012	-8,899	94,358	94,665	105,126	113,657	-106,269	283,374

P&L

March 2023

turnover

2.6m

+11%

operating profit

366.7k

gross margin

17.1%

+10.03%

turnover

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

Balance Sheet

March 2023

net assets

2.1m

+0.16%

total assets

2.3m

+0.11%

cash

net assets

Total assets minus all liabilities

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company number

04653959

Type

Private limited with Share Capital

industry

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

incorporation date

January 2003

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

crestmere limited (April 2003)

incorporated

address

scotgrove farm henry lane, bardney, lincoln, lincs, LN3 5TL

last accounts submitted

March 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.

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j & r armstrong farms limited Company Information

j & r armstrong farms limited Estimated Valuation

j & r armstrong farms limited Estimated Valuation

j & r armstrong farms limited Estimated Valuation

J & R Armstrong Farms Limited AI Business Plan

J & R Armstrong Farms Limited Overview

J & R Armstrong Farms Limited Health Check

j & r armstrong farms limited Credit Report and Business Information

J & R Armstrong Farms Limited Competitor Analysis

j & r armstrong farms limited Ownership

j & r armstrong farms limited directors

J & R ARMSTRONG FARMS LIMITED financials

j & r armstrong farms limited company details

j & r armstrong farms limited Charges & Mortgages

j & r armstrong farms limited Companies House Filings - See Documents