food trac limited
food trac limited Company Information
Company Number
04947328
Website
www.foodtrac.co.ukRegistered Address
polonia house, enigma commercial centre, malvern, worcestershire, WR14 1JJ
Industry
Wholesale of meat and meat products
Retail sale of meat and meat products in specialised stores
Telephone
01708458824
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
westbridge food group ltd 100%
food trac limited Estimated Valuation
Pomanda estimates the enterprise value of FOOD TRAC LIMITED at £2.7m based on a Turnover of £10.9m and 0.25x industry multiple (adjusted for size and gross margin).
food trac limited Estimated Valuation
Pomanda estimates the enterprise value of FOOD TRAC LIMITED at £881k based on an EBITDA of £292k and a 3.02x industry multiple (adjusted for size and gross margin).
food trac limited Estimated Valuation
Pomanda estimates the enterprise value of FOOD TRAC LIMITED at £3.3m based on Net Assets of £2m and 1.64x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Food Trac Limited Overview
Food Trac Limited is a live company located in malvern, WR14 1JJ with a Companies House number of 04947328. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in October 2003, it's largest shareholder is westbridge food group ltd with a 100% stake. Food Trac Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.
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Food Trac Limited Health Check
Pomanda's financial health check has awarded Food Trac Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £10.9m, make it in line with the average company (£12.5m)
£10.9m - Food Trac Limited
£12.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.1%)
-6% - Food Trac Limited
4.1% - Industry AVG
Production
with a gross margin of 5.6%, this company has a higher cost of product (15.1%)
5.6% - Food Trac Limited
15.1% - Industry AVG
Profitability
an operating margin of 2.7% make it as profitable than the average company (3%)
2.7% - Food Trac Limited
3% - Industry AVG
Employees
with 2 employees, this is below the industry average (21)
2 - Food Trac Limited
21 - Industry AVG
Pay Structure
on an average salary of £113.5k, the company has a higher pay structure (£29.7k)
£113.5k - Food Trac Limited
£29.7k - Industry AVG
Efficiency
resulting in sales per employee of £5.4m, this is more efficient (£348.4k)
£5.4m - Food Trac Limited
£348.4k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is near the average (29 days)
27 days - Food Trac Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (25 days)
13 days - Food Trac Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 89 days, this is more than average (15 days)
89 days - Food Trac Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (16 weeks)
14 weeks - Food Trac Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51%, this is a lower level of debt than the average (60.6%)
51% - Food Trac Limited
60.6% - Industry AVG
FOOD TRAC LIMITED financials
Food Trac Limited's latest turnover from December 2022 is £10.9 million and the company has net assets of £2 million. According to their latest financial statements, Food Trac Limited has 2 employees and maintains cash reserves of £591 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,892,000 | 9,330,000 | 9,795,000 | 13,083,000 | 9,202,000 | 9,317,000 | 10,395,424 | 10,520,456 | 10,069,242 | 12,329,543 | 12,255,225 | 14,991,693 | 14,687,181 | 9,521,861 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,281,000 | 8,438,000 | 8,936,000 | 11,903,000 | 8,281,000 | 8,204,000 | 9,199,165 | 9,388,376 | 9,150,866 | 11,161,817 | 11,298,449 | 13,688,380 | 13,293,382 | 8,548,923 |
| Gross Profit | 611,000 | 892,000 | 859,000 | 1,180,000 | 921,000 | 1,113,000 | 1,196,259 | 1,132,080 | 918,376 | 1,167,726 | 956,776 | 1,303,313 | 1,393,799 | 972,938 |
| Admin Expenses | 319,000 | 278,000 | 328,000 | 283,000 | 297,000 | 310,000 | 375,656 | 345,289 | 407,151 | 521,532 | 697,343 | 727,617 | 618,353 | 532,548 |
| Operating Profit | 292,000 | 614,000 | 531,000 | 897,000 | 624,000 | 803,000 | 820,603 | 786,791 | 511,225 | 646,194 | 259,433 | 575,696 | 775,446 | 440,390 |
| Interest Payable | 12,000 | 11,000 | 10,000 | 11,000 | 7,000 | 16,000 | 25,832 | 37,971 | 52,048 | 95,650 | 100,617 | 117,934 | 128,713 | 85,296 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -340,000 | 747,000 | 521,000 | 886,000 | 617,000 | 787,000 | 794,771 | 748,820 | 459,177 | 561,030 | 158,816 | 457,762 | 646,733 | 354,994 |
| Tax | -57,000 | -74,000 | -103,000 | -172,000 | 30,000 | -152,000 | -161,719 | -152,752 | 35,542 | -135,611 | -56,117 | -136,919 | -192,172 | -95,767 |
| Profit After Tax | -397,000 | 673,000 | 418,000 | 714,000 | 647,000 | 635,000 | 633,052 | 596,068 | 494,719 | 425,419 | 102,699 | 320,843 | 454,561 | 259,227 |
| Dividends Paid | 0 | 0 | 0 | 4,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -397,000 | 673,000 | 418,000 | -3,686,000 | 647,000 | 635,000 | 633,052 | 596,068 | 494,719 | 425,419 | 102,699 | 320,843 | 454,561 | 259,227 |
| Employee Costs | 227,000 | 217,000 | 246,000 | 209,000 | 191,000 | 192,000 | 263,361 | 247,080 | 273,084 | 314,760 | 358,149 | 379,778 | 330,532 | 333,405 |
| Number Of Employees | 2 | 2 | 2 | 3 | 2 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| EBITDA* | 292,000 | 615,000 | 533,000 | 900,000 | 627,000 | 805,000 | 821,777 | 788,503 | 512,726 | 671,563 | 309,285 | 608,941 | 797,364 | 442,302 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 1,000 | 2,000 | 5,000 | 9,000 | 3,023 | 2,971 | 2,178 | 2,286 | 50,419 | 97,120 | 67,799 | 56,121 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 630,000 | 630,000 | 630,000 | 630,000 | 630,000 | 630,000 | 630,000 | 630,000 | 630,000 | 630,000 | 270,000 | 270,000 | 270,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 630,000 | 631,000 | 632,000 | 635,000 | 639,000 | 633,023 | 632,971 | 632,178 | 632,286 | 680,419 | 367,120 | 337,799 | 326,121 |
| Stock & work in progress | 2,529,000 | 389,000 | 896,000 | 1,282,000 | 1,093,000 | 662,000 | 1,963,957 | 2,366,301 | 2,648,680 | 1,590,475 | 812,253 | 1,596,295 | 676,409 | 971,489 |
| Trade Debtors | 808,000 | 448,000 | 941,000 | 1,092,000 | 871,000 | 1,065,000 | 1,037,985 | 1,034,200 | 745,421 | 1,224,968 | 1,329,893 | 1,634,466 | 2,060,225 | 1,548,514 |
| Group Debtors | 181,000 | 925,000 | 587,000 | 338,000 | 0 | 264,000 | 0 | 80,731 | 0 | 112,480 | 0 | 0 | 0 | 0 |
| Misc Debtors | 49,000 | 478,000 | 18,000 | 43,000 | 30,000 | 42,000 | 34,623 | 38,951 | 105,927 | 26,466 | 51,222 | 146,057 | 104,696 | 44,810 |
| Cash | 591,000 | 0 | 1,047,000 | 1,897,000 | 4,180,000 | 3,665,000 | 2,741,623 | 1,681,658 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,158,000 | 2,240,000 | 3,489,000 | 4,652,000 | 6,174,000 | 5,698,000 | 5,778,188 | 5,201,841 | 3,500,028 | 2,954,389 | 2,193,368 | 3,376,818 | 2,841,330 | 2,564,813 |
| total assets | 4,158,000 | 2,870,000 | 4,120,000 | 5,284,000 | 6,809,000 | 6,337,000 | 6,411,211 | 5,834,812 | 4,132,206 | 3,586,675 | 2,873,787 | 3,743,938 | 3,179,129 | 2,890,934 |
| Bank overdraft | 12,000 | 228,000 | 557,000 | 0 | 0 | 0 | 593,098 | 751,378 | 282,306 | 244,251 | 636,353 | 857,893 | 856,119 | 966,734 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 372,000 | 69,000 | 76,000 | 137,000 | 125,000 | 58,000 | 103,627 | 98,630 | 351,349 | 575,113 | 306,650 | 606,111 | 333,827 | 468,310 |
| Group/Directors Accounts | 875,000 | 0 | 1,608,000 | 3,128,000 | 740,000 | 1,690,000 | 1,720,891 | 1,631,796 | 768,493 | 384,790 | 0 | 0 | 0 | 0 |
| other short term finances | 433,000 | 34,000 | 0 | 339,000 | 759,000 | 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 | 428,000 | 104,000 | 117,000 | 336,000 | 155,000 | 206,000 | 245,165 | 237,630 | 210,748 | 357,930 | 331,612 | 382,930 | 413,022 | 334,290 |
| total current liabilities | 2,120,000 | 435,000 | 2,358,000 | 3,940,000 | 1,779,000 | 1,954,000 | 2,662,781 | 2,719,434 | 1,612,896 | 1,562,084 | 1,274,615 | 1,846,934 | 1,602,968 | 1,769,334 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,531 | 400,531 | 400,531 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,531 | 400,531 | 400,531 |
| total liabilities | 2,120,000 | 435,000 | 2,358,000 | 3,940,000 | 1,779,000 | 1,954,000 | 2,662,781 | 2,719,434 | 1,612,896 | 1,562,084 | 1,274,615 | 2,247,465 | 2,003,499 | 2,169,865 |
| net assets | 2,038,000 | 2,435,000 | 1,762,000 | 1,344,000 | 5,030,000 | 4,383,000 | 3,748,430 | 3,115,378 | 2,519,310 | 2,024,591 | 1,599,172 | 1,496,473 | 1,175,630 | 721,069 |
| total shareholders funds | 2,038,000 | 2,435,000 | 1,762,000 | 1,344,000 | 5,030,000 | 4,383,000 | 3,748,430 | 3,115,378 | 2,519,310 | 2,024,591 | 1,599,172 | 1,496,473 | 1,175,630 | 721,069 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 292,000 | 614,000 | 531,000 | 897,000 | 624,000 | 803,000 | 820,603 | 786,791 | 511,225 | 646,194 | 259,433 | 575,696 | 775,446 | 440,390 |
| Depreciation | 0 | 1,000 | 2,000 | 3,000 | 3,000 | 2,000 | 1,174 | 1,712 | 1,501 | 25,369 | 49,852 | 33,245 | 21,918 | 1,912 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -57,000 | -74,000 | -103,000 | -172,000 | 30,000 | -152,000 | -161,719 | -152,752 | 35,542 | -135,611 | -56,117 | -136,919 | -192,172 | -95,767 |
| Stock | 2,140,000 | -507,000 | -386,000 | 189,000 | 431,000 | -1,301,957 | -402,344 | -282,379 | 1,058,205 | 778,222 | -784,042 | 919,886 | -295,080 | 971,489 |
| Debtors | -813,000 | 305,000 | 73,000 | 572,000 | -470,000 | 298,392 | -81,274 | 302,534 | -512,566 | -17,201 | -399,408 | -384,398 | 571,597 | 1,593,324 |
| Creditors | 303,000 | -7,000 | -61,000 | 12,000 | 67,000 | -45,627 | 4,997 | -252,719 | -223,764 | 268,463 | -299,461 | 272,284 | -134,483 | 468,310 |
| Accruals and Deferred Income | 324,000 | -13,000 | -219,000 | 181,000 | -51,000 | -39,165 | 7,535 | 26,882 | -147,182 | 26,318 | -51,318 | -30,092 | 78,732 | 334,290 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -465,000 | 723,000 | 463,000 | 160,000 | 712,000 | 1,571,773 | 1,156,208 | 389,759 | -368,317 | 69,712 | 1,085,839 | 178,726 | 272,924 | -1,415,678 |
| Investing Activities | ||||||||||||||
| capital expenditure | -7,054,000 | -1,226 | -2,505 | -1,393 | 0 | -3,151 | -62,566 | -33,596 | -327,046 | |||||
| Change in Investments | -630,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 360,000 | 0 | 0 | 270,000 |
| cash flow from investments | -7,054,000 | -1,226 | -2,505 | -1,393 | 0 | -363,151 | -62,566 | -33,596 | -597,046 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 875,000 | -1,608,000 | -1,520,000 | 2,388,000 | -950,000 | -30,891 | 89,095 | 863,303 | 383,703 | 384,790 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 399,000 | 34,000 | -339,000 | -420,000 | 759,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400,531 | 0 | 0 | 400,531 |
| 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 | -12,000 | -11,000 | -10,000 | -11,000 | -7,000 | -16,000 | -25,832 | -37,971 | -52,048 | -95,650 | -100,617 | -117,934 | -128,713 | -85,296 |
| cash flow from financing | 1,262,000 | -1,585,000 | -1,869,000 | 1,957,000 | -198,000 | -47,321 | 63,263 | 825,332 | 331,655 | 289,140 | -501,148 | -117,934 | -128,713 | 777,077 |
| cash and cash equivalents | ||||||||||||||
| cash | 591,000 | -1,047,000 | -850,000 | -2,283,000 | 515,000 | 923,377 | 1,059,965 | 1,681,658 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | -216,000 | -329,000 | 557,000 | 0 | 0 | -593,098 | -158,280 | 469,072 | 38,055 | -392,102 | -221,540 | 1,774 | -110,615 | 966,734 |
| change in cash | 807,000 | -718,000 | -1,407,000 | -2,283,000 | 515,000 | 1,516,475 | 1,218,245 | 1,212,586 | -38,055 | 392,102 | 221,540 | -1,774 | 110,615 | -966,734 |
food trac limited Credit Report and Business Information
Food Trac Limited Competitor Analysis
Perform a competitor analysis for food trac 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 WR14 area or any other competitors across 12 key performance metrics.
food trac limited Ownership
FOOD TRAC LIMITED group structure
Food Trac Limited has 12 subsidiary companies.
Ultimate parent company
CHAROEN POKPHAND FOODS PUBLIC CO LTD
#0017261
2 parents
FOOD TRAC LIMITED
04947328
12 subsidiaries
food trac limited directors
Food Trac Limited currently has 5 directors. The longest serving directors include Mr Sirichai Yingchankul (Apr 2017) and Mr Vathana Singhpuck (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sirichai Yingchankul | United Kingdom | 57 years | Apr 2017 | - | Director |
| Mr Vathana Singhpuck | England | 63 years | Sep 2020 | - | Director |
| Mr Parinya Kaarunayadhorn | England | 58 years | Aug 2023 | - | Director |
| Mr Ekpiya Ua-Wutthikrerk | England | 49 years | Aug 2023 | - | Director |
| Mr Nicholas Shaw | United Kingdom | 62 years | Aug 2023 | - | Director |
P&L
December 2022turnover
10.9m
+17%
operating profit
292k
-52%
gross margin
5.7%
-41.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2m
-0.16%
total assets
4.2m
+0.45%
cash
591k
0%
net assets
Total assets minus all liabilities
Similar Companies
food trac limited company details
company number
04947328
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
47220 - Retail sale of meat and meat products in specialised stores
incorporation date
October 2003
age
21
incorporated
UK
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
polonia house, enigma commercial centre, malvern, worcestershire, WR14 1JJ
accountant
-
auditor
-
food trac 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 8 charges/mortgages relating to food trac limited. Currently there are 0 open charges and 8 have been satisfied in the past.
food trac limited Companies House Filings - See Documents
| date | description | view/download |
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