ken briggs ltd
ken briggs ltd Company Information
Company Number
04761156
Website
www.kenbriggsltd.co.ukRegistered Address
peck mill poultry, victoria road, market rasen, lincolnshire, LN8 3ER
Industry
Wholesale of meat and meat products
Telephone
01673843370
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
gressingham smithfield limited 100%
ken briggs ltd Estimated Valuation
Pomanda estimates the enterprise value of KEN BRIGGS LTD at £3.4m based on a Turnover of £11.5m and 0.29x industry multiple (adjusted for size and gross margin).
ken briggs ltd Estimated Valuation
Pomanda estimates the enterprise value of KEN BRIGGS LTD at £2.4m based on an EBITDA of £581.2k and a 4.09x industry multiple (adjusted for size and gross margin).
ken briggs ltd Estimated Valuation
Pomanda estimates the enterprise value of KEN BRIGGS LTD at £5.6m based on Net Assets of £5.2m and 1.07x industry multiple (adjusted for liquidity).
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Ken Briggs Ltd Overview
Ken Briggs Ltd is a live company located in lincolnshire, LN8 3ER with a Companies House number of 04761156. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in May 2003, it's largest shareholder is gressingham smithfield limited with a 100% stake. Ken Briggs Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £11.5m with healthy growth in recent years.
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Ken Briggs Ltd Health Check
Pomanda's financial health check has awarded Ken Briggs Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £11.5m, make it smaller than the average company (£22.2m)
£11.5m - Ken Briggs Ltd
£22.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.6%)
- Ken Briggs Ltd
8.6% - Industry AVG
Production
with a gross margin of 11.4%, this company has a comparable cost of product (13.3%)
11.4% - Ken Briggs Ltd
13.3% - Industry AVG
Profitability
an operating margin of 4.7% make it more profitable than the average company (3.3%)
4.7% - Ken Briggs Ltd
3.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (32)
8 - Ken Briggs Ltd
32 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£36.8k)
£30.8k - Ken Briggs Ltd
£36.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£568.2k)
£1.4m - Ken Briggs Ltd
£568.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (32 days)
20 days - Ken Briggs Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (28 days)
9 days - Ken Briggs Ltd
28 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (17 days)
2 days - Ken Briggs Ltd
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 213 weeks, this is more cash available to meet short term requirements (12 weeks)
213 weeks - Ken Briggs Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.7%, this is a lower level of debt than the average (55.7%)
8.7% - Ken Briggs Ltd
55.7% - Industry AVG
KEN BRIGGS LTD financials
Ken Briggs Ltd's latest turnover from May 2023 is £11.5 million and the company has net assets of £5.2 million. According to their latest financial statements, Ken Briggs Ltd has 8 employees and maintains cash reserves of £2 million 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 | 11,533,445 | 10,429,048 | ||||||||||||
| Other Income Or Grants | 0 | 0 | ||||||||||||
| Cost Of Sales | 10,220,693 | 8,974,087 | ||||||||||||
| Gross Profit | 1,312,752 | 1,454,961 | ||||||||||||
| Admin Expenses | 767,455 | 435,093 | ||||||||||||
| Operating Profit | 545,297 | 1,019,868 | ||||||||||||
| Interest Payable | 0 | 0 | ||||||||||||
| Interest Receivable | 10,098 | 11,844 | ||||||||||||
| Pre-Tax Profit | 569,817 | 999,356 | ||||||||||||
| Tax | -120,038 | -197,285 | ||||||||||||
| Profit After Tax | 449,779 | 802,071 | ||||||||||||
| Dividends Paid | 55,500 | 156,750 | ||||||||||||
| Retained Profit | 394,279 | 645,321 | ||||||||||||
| Employee Costs | 246,181 | 220,313 | ||||||||||||
| Number Of Employees | 8 | 9 | 9 | 10 | 9 | 9 | 10 | |||||||
| EBITDA* | 581,220 | 1,065,650 |
* 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 | 158,459 | 411,514 | 420,914 | 463,212 | 448,023 | 448,243 | 479,128 | 631,746 | 643,369 | 310,533 | 35,252 | 52,149 | 33,583 | 42,127 |
| Intangible Assets | 23,486 | 20,986 | 30,000 | 45,000 | 60,000 | 75,000 | 90,000 | 105,000 | 120,000 | 135,000 | 150,000 | 165,000 | 180,000 | 195,000 |
| Investments & Other | 1,836,125 | 1,721,351 | 1,503,389 | 844,091 | 844,851 | 757,523 | 759,631 | 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 | 2,018,070 | 2,153,851 | 1,954,303 | 1,352,303 | 1,352,874 | 1,280,766 | 1,328,759 | 736,746 | 763,369 | 445,533 | 185,252 | 217,149 | 213,583 | 237,127 |
| Stock & work in progress | 69,000 | 8,200 | 7,500 | 8,800 | 9,500 | 9,000 | 7,000 | 6,200 | 5,500 | 2,955 | 2,758 | 2,555 | 8,776 | 7,743 |
| Trade Debtors | 659,056 | 757,671 | 1,298,342 | 1,555,569 | 1,132,702 | 804,433 | 749,957 | 473,382 | 519,079 | 547,234 | 453,312 | 472,241 | 598,128 | 350,066 |
| Group Debtors | 377,834 | 255,879 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 567,895 | 505,503 | 0 | 0 | 0 | 257,885 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,998,226 | 1,791,700 | 1,525,258 | 1,196,576 | 769,203 | 1,112,384 | 662,291 | 1,448,231 | 996,977 | 1,354,751 | 1,323,790 | 1,055,201 | 654,516 | 843,852 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,672,011 | 3,318,953 | 2,831,100 | 2,760,945 | 1,911,405 | 2,183,702 | 1,419,248 | 1,927,813 | 1,521,556 | 1,904,940 | 1,779,860 | 1,529,997 | 1,261,420 | 1,201,661 |
| total assets | 5,690,081 | 5,472,804 | 4,785,403 | 4,113,248 | 3,264,279 | 3,464,468 | 2,748,007 | 2,664,559 | 2,284,925 | 2,350,473 | 1,965,112 | 1,747,146 | 1,475,003 | 1,438,788 |
| 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 | 265,001 | 399,027 | 575,460 | 625,661 | 476,477 | 740,064 | 468,542 | 376,579 | 338,521 | 657,492 | 385,265 | 220,656 | 237,050 | 412,813 |
| 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 | 221,227 | 219,528 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 486,228 | 618,555 | 575,460 | 625,661 | 476,477 | 740,064 | 468,542 | 376,579 | 338,521 | 657,492 | 385,265 | 220,656 | 237,050 | 412,813 |
| 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 | 9,976 | 54,651 | 55,666 | 34,498 | 31,151 | 31,590 | 32,251 | 39,785 | 40,498 | 18,449 | 3,853 | 6,543 | 4,056 | 5,386 |
| total long term liabilities | 9,976 | 54,651 | 55,666 | 34,498 | 31,151 | 31,590 | 32,251 | 39,785 | 40,498 | 18,449 | 3,853 | 6,543 | 4,056 | 5,386 |
| total liabilities | 496,204 | 673,206 | 631,126 | 660,159 | 507,628 | 771,654 | 500,793 | 416,364 | 379,019 | 675,941 | 389,118 | 227,199 | 241,106 | 418,199 |
| net assets | 5,193,877 | 4,799,598 | 4,154,277 | 3,453,089 | 2,756,651 | 2,692,814 | 2,247,214 | 2,248,195 | 1,905,906 | 1,674,532 | 1,575,994 | 1,519,947 | 1,233,897 | 1,020,589 |
| total shareholders funds | 5,193,877 | 4,799,598 | 4,154,277 | 3,453,089 | 2,756,651 | 2,692,814 | 2,247,214 | 2,248,195 | 1,905,906 | 1,674,532 | 1,575,994 | 1,519,947 | 1,233,897 | 1,020,589 |
| 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 | 545,297 | 1,019,868 | ||||||||||||
| Depreciation | 20,923 | 30,782 | 35,974 | 31,311 | 29,083 | 31,163 | 33,038 | 35,101 | 30,532 | 7,716 | 11,794 | 7,884 | 8,544 | 10,756 |
| Amortisation | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 |
| Tax | -120,038 | -197,285 | ||||||||||||
| Stock | 60,800 | 700 | -1,300 | -700 | 500 | 2,000 | 800 | 700 | 2,545 | 197 | 203 | -6,221 | 1,033 | 7,743 |
| Debtors | 85,732 | 220,711 | -257,227 | 422,867 | 70,384 | 312,361 | 276,575 | -45,697 | -28,155 | 93,922 | -18,929 | -125,887 | 248,062 | 350,066 |
| Creditors | -134,026 | -176,433 | -50,201 | 149,184 | -263,587 | 271,522 | 91,963 | 38,058 | -318,971 | 272,227 | 164,609 | -16,394 | -175,763 | 412,813 |
| Accruals and Deferred Income | 1,699 | 219,528 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -44,675 | -1,015 | 21,168 | 3,347 | -439 | -661 | -7,534 | -713 | 22,049 | 14,596 | -2,690 | 2,487 | -1,330 | 5,386 |
| Cash flow from operations | 137,648 | 689,034 | ||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | ||||||||||||
| Change in Investments | 114,774 | 217,962 | 659,298 | -760 | 87,328 | -2,108 | 759,631 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -114,774 | -217,962 | ||||||||||||
| 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 | ||||||||||||||
| interest | 10,098 | 11,844 | ||||||||||||
| cash flow from financing | 10,098 | 11,844 | ||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 206,526 | 266,442 | 328,682 | 427,373 | -343,181 | 450,093 | -785,940 | 451,254 | -357,774 | 30,961 | 268,589 | 400,685 | -189,336 | 843,852 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 206,526 | 266,442 | 328,682 | 427,373 | -343,181 | 450,093 | -785,940 | 451,254 | -357,774 | 30,961 | 268,589 | 400,685 | -189,336 | 843,852 |
ken briggs ltd Credit Report and Business Information
Ken Briggs Ltd Competitor Analysis
Perform a competitor analysis for ken briggs ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in LN8 area or any other competitors across 12 key performance metrics.
ken briggs ltd Ownership
KEN BRIGGS LTD group structure
Ken Briggs Ltd has no subsidiary companies.
ken briggs ltd directors
Ken Briggs Ltd currently has 5 directors. The longest serving directors include Mr Stephen Barber (Oct 2023) and Mr Steven Harley (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Barber | 42 years | Oct 2023 | - | Director | |
| Mr Steven Harley | 61 years | Oct 2023 | - | Director | |
| Mr Edward Whiffin | England | 29 years | Oct 2023 | - | Director |
| Mr Geoffrey Buchanan | 54 years | Oct 2023 | - | Director | |
| Mr William Buchanan | 56 years | Oct 2023 | - | Director |
P&L
May 2023turnover
11.5m
+11%
operating profit
545.3k
-47%
gross margin
11.4%
-18.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
5.2m
+0.08%
total assets
5.7m
+0.04%
cash
2m
+0.12%
net assets
Total assets minus all liabilities
Similar Companies
ken briggs ltd company details
company number
04761156
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
incorporation date
May 2003
age
21
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
May 2023
address
peck mill poultry, victoria road, market rasen, lincolnshire, LN8 3ER
accountant
-
auditor
SMETHERS & CO
ken briggs ltd 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 ken briggs ltd.
ken briggs ltd Companies House Filings - See Documents
| date | description | view/download |
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