Norfolk Free Range Limited

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norfolk free range limited Company Information

Company Number

05000340

Next Accounts

Apr 2025

Directors

Steven Hart

Sally Hart

Shareholders

hart farms holdings limited

Group Structure

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Industry

Raising of swine/pigs

Registered Address

snowre hall main road, fordham, downham market, PE38 0LN

Website

norfolk free range limited Estimated Valuation

£38.2m

Pomanda estimates the enterprise value of NORFOLK FREE RANGE LIMITED at £38.2m based on a Turnover of £35.2m and 1.08x industry multiple (adjusted for size and gross margin).

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Norfolk Free Range Limited is a live company located in downham market, PE38 0LN with a Companies House number of 05000340. It operates in the raising of swine/pigs sector, SIC Code 01460. Founded in December 2003, it's largest shareholder is hart farms holdings limited with a 100% stake. Norfolk Free Range Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Norfolk Free Range Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £35.2m, make it larger than the average company (£19.5m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (11.1%)

EXPORT

Norfolk Free Range Limited's latest turnover from July 2023 is £35.2 million and the company has net assets of £4.3 million. According to their latest financial statements, Norfolk Free Range Limited has 120 employees and maintains cash reserves of £212 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	35,233,042	29,600,551	27,932,121	24,646,022	21,624,155	21,018,116	19,344,970	19,425,708	17,006,571	15,638,281	13,536,792	10,313,307	8,257,686	10,685,518
Other Income Or Grants
Cost Of Sales	25,690,524	20,605,425	17,403,118	14,396,447	12,085,582	11,077,076	12,613,225	12,866,662	10,022,325	9,832,235	8,464,166	5,961,772	3,687,018	5,564,304
Gross Profit	9,542,518	8,995,126	10,529,003	10,249,575	9,538,573	9,941,040	6,731,745	6,559,046	6,984,246	5,806,046	5,072,626	4,351,535	4,570,668	5,121,214
Admin Expenses	15,020,423	10,100,499	9,766,473	9,014,987	9,031,712	7,583,405	5,417,503	5,022,841	4,393,058	3,700,828	3,375,305	2,861,730	2,190,928	3,674,775
Operating Profit	-5,477,905	-1,105,373	762,530	1,234,588	506,861	2,357,635	1,314,242	1,536,205	2,591,188	2,105,218	1,697,321	1,489,805	2,379,740	1,446,439
Interest Payable	277,473	213,083	276,911	290,137	357,951	266,317	172,913	274,700	205,392	151,063	131,483	99,487	81,351	162,909
Interest Receivable			1,615	1,771		14,042	1,384							2,096
Pre-Tax Profit	-5,755,378	-1,318,456	487,234	946,222	148,910	2,105,360	1,142,713	1,261,505	2,385,796	1,954,155	1,565,838	1,390,318	2,298,389	1,285,626
Tax	1,888,457	267,898	323,072	158,001	-64,074	-530,773	-209,181	-269,622	-489,405	-432,998	-365,144	-326,756	-730,075	-315,227
Profit After Tax	-3,866,921	-1,050,558	810,306	1,104,223	84,836	1,574,587	933,532	991,883	1,896,391	1,521,157	1,200,694	1,063,562	1,568,314	970,399
Dividends Paid		4,394,539		4,000				112,912					48,000	26,000
Retained Profit	-3,866,921	-5,445,097	810,306	1,100,223	84,836	1,574,587	933,532	878,971	1,896,391	1,521,157	1,200,694	1,063,562	1,520,314	944,399
Employee Costs	5,964,791	4,550,453	4,281,543	3,787,257	3,226,533	2,695,292	1,986,346	1,894,566	1,544,089	1,353,255	1,192,058	951,469	798,533	1,993,934
Number Of Employees	120	148	150	133	122	106	80	79	65	59	52	41	36	30
EBITDA*	-2,066,018	1,646,516	3,676,228	4,039,447	3,139,745	4,746,806	3,298,241	3,590,727	4,352,473	3,037,685	2,599,517	2,190,526	2,899,986	1,870,424

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	10,563,772	13,547,804	24,345,575	21,685,471	20,015,531	22,775,376	13,550,560	13,097,486	13,561,067	6,179,452	5,351,080	4,229,581	2,427,681	2,118,563
Intangible Assets					20,666	41,333						4,500	2,274
Investments & Other										895,851	1,033,243	1,238,401	870,737	703,335
Debtors (Due After 1 year)			99,905				20,986	33,823	47,827
Total Fixed Assets	10,563,772	13,547,804	24,445,480	21,685,471	20,036,197	22,816,709	13,571,546	13,131,309	13,608,894	7,075,303	6,384,323	5,472,482	3,300,692	2,821,898
Stock & work in progress	240,655	9,444,612	6,850,199	6,314,008	6,044,067	5,151,342	4,154,349	5,012,453	4,457,903	3,871,052	3,337,518	2,344,390	2,043,662	1,399,204
Trade Debtors	92,801	1,056,995	1,133,411	982,452	734,357	666,147	2,427,254	677,447	620,759	594,105	833,939	552,201	374,208	346,657
Group Debtors				627	8,216	1,981		358	788,021	642,071	645,322	564,406	879,631	639,840
Misc Debtors	1,753,021	248,374	904,824	1,054,839	641,867	2,103,735		1,343,595	121,890	139,884	79,473	7,870	84,801	48,821
Cash	212,036					394,037	1,390,563	279,449		891,323	217,638	352,848	792,192	51,903
misc current assets
total current assets	2,298,513	10,749,981	8,888,434	8,351,926	7,428,507	8,317,242	7,972,166	7,313,302	5,988,573	6,138,435	5,113,890	3,821,715	4,174,494	2,486,425
total assets	12,862,285	24,297,785	33,333,914	30,037,397	27,464,704	31,133,951	21,543,712	20,444,611	19,597,467	13,213,738	11,498,213	9,294,197	7,475,186	5,308,323
Bank overdraft		1,051,490	195,819	744,306	334,880				936,166	168,818	62,688	62,377		6,989
Bank loan	430,420	563,818	1,396,471	1,343,411	931,977	2,231,467		219,891	318,487				32,491
Trade Creditors	351,872	5,158,490	4,106,295	2,692,608	3,102,216	2,311,257	7,329,328	1,866,308	1,686,305	1,032,674	1,289,311	907,197	550,370	1,411,666
Group/Directors Accounts											17,730	36,352
other short term finances	12,829	7,933	7,933	8,633	18,772	46,854		146,536	127,710
hp & lease commitments	1,670,491	2,580,414	2,444,708	2,136,793	1,855,772	1,569,650		1,227,846	1,175,285	867,084	832,357	591,763	418,936	356,280
other current liabilities	2,404,011	3,078,909	2,572,091	2,225,067	2,379,333	3,876,081		3,394,336	526,297	561,806	621,300	417,514	958,666	335,691
total current liabilities	4,869,623	12,441,054	10,723,317	9,150,818	8,622,950	10,035,309	7,329,328	6,854,917	4,770,250	2,630,382	2,823,386	2,015,203	1,960,463	2,110,626
loans	731,286	931,286	4,956,901	5,120,696	5,287,835	7,002,783		3,185,887	5,370,650	3,223,029	2,649,838	2,745,191	2,090,447	1,411,054
hp & lease commitments	2,947,713	2,379,402	3,376,658	2,235,969	1,351,795	2,022,263		1,021,202	954,917	633,519	837,422	513,627	409,643	367,961
Accruals and Deferred Income
other liabilities			18,000	90,000			3,928,938
provisions		365,459	633,357	624,539	486,971	443,279	229,716	260,407	258,423	203,174	185,090	218,393	276,412	200,775
total long term liabilities	3,678,999	3,676,147	8,984,916	8,071,204	7,126,601	9,468,325	4,158,654	4,467,496	6,583,990	4,059,722	3,672,350	3,477,211	2,776,502	1,979,790
total liabilities	8,548,622	16,117,201	19,708,233	17,222,022	15,749,551	19,503,634	11,487,982	11,322,413	11,354,240	6,690,104	6,495,736	5,492,414	4,736,965	4,090,416
net assets	4,313,663	8,180,584	13,625,681	12,815,375	11,715,153	11,630,317	10,055,730	9,122,198	8,243,227	6,523,634	5,002,477	3,801,783	2,738,221	1,217,907
total shareholders funds	4,313,663	8,180,584	13,625,681	12,815,375	11,715,153	11,630,317	10,055,730	9,122,198	8,243,227	6,523,634	5,002,477	3,801,783	2,738,221	1,217,907

	Jul 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-5,477,905	-1,105,373	762,530	1,234,588	506,861	2,357,635	1,314,242	1,536,205	2,591,188	2,105,218	1,697,321	1,489,805	2,379,740	1,446,439
Depreciation	3,411,887	2,751,889	2,913,698	2,784,193	2,612,217	2,368,504	1,983,999	2,054,522	1,728,589	932,467	897,696	693,947	517,971	423,985
Amortisation				20,666	20,667	20,667			32,696		4,500	6,774	2,275
Tax	1,888,457	267,898	323,072	158,001	-64,074	-530,773	-209,181	-269,622	-489,405	-432,998	-365,144	-326,756	-730,075	-315,227
Stock	-9,203,957	2,594,413	536,191	269,941	892,725	996,993	-858,104	554,550	586,851	533,534	993,128	300,728	644,458	1,399,204
Debtors	540,453	-832,771	100,222	653,478	-1,387,423	323,623	393,017	476,726	202,437	-182,674	434,257	-214,163	303,322	1,035,318
Creditors	-4,806,618	1,052,195	1,413,687	-409,608	790,959	-5,018,071	5,463,020	180,003	653,631	-256,637	382,114	356,827	-861,296	1,411,666
Accruals and Deferred Income	-674,898	506,818	347,024	-154,266	-1,496,748	3,876,081	-3,394,336	2,868,039	-35,509	-59,494	203,786	-541,152	622,975	335,691
Deferred Taxes & Provisions	-365,459	-267,898	8,818	137,568	43,692	213,563	-30,691	1,984	55,249	18,084	-33,303	-58,019	75,637	200,775
Cash flow from operations	2,638,968	1,443,887	5,132,416	2,847,723	2,908,272	1,966,990	5,592,140	5,339,855	3,747,151	1,955,780	1,359,585	1,534,861	1,059,447	1,068,807
Investing Activities
capital expenditure	-427,855				1,480,977	-7,926,325	-673,906	854,763	-7,974,112	-963,664	-911,279	-2,330,487	-658,434	-630,974
Change in Investments									-895,851	-137,392	-205,158	367,664	167,402	703,335
cash flow from investments	-427,855				1,480,977	-7,926,325	-673,906	854,763	-7,078,261	-826,272	-706,121	-2,698,151	-825,836	-1,334,309
Financing Activities
Bank loans	-133,398	-832,653	53,060	411,434	-1,299,490	2,231,467	-219,891	-98,596	318,487			-32,491	32,491
Group/Directors Accounts										-17,730	-18,622	36,352
Other Short Term Loans	4,896		-700	-10,139	-28,082	46,854	-146,536	18,826	127,710
Long term loans	-200,000	-4,025,615	-163,795	-167,139	-1,714,948	7,002,783	-3,185,887	-2,184,763	2,147,621	573,191	-95,353	654,744	679,393	1,411,054
Hire Purchase and Lease Commitments	-341,612	-861,550	1,448,604	1,165,195	-384,346	3,591,913	-2,249,048	118,846	629,599	-169,176	564,389	276,811	104,338	724,241
other long term liabilities		-18,000	-72,000	90,000		-3,928,938	3,928,938
share issue				-1					-176,798					273,508
interest	-277,473	-213,083	-275,296	-288,366	-357,951	-252,275	-171,529	-274,700	-205,392	-151,063	-131,483	-99,487	-81,351	-160,813
cash flow from financing	-947,587	-5,950,901	989,873	1,200,984	-3,784,817	8,691,804	-2,043,953	-2,420,387	2,841,227	235,222	318,931	835,929	734,871	2,247,990
cash and cash equivalents
cash	212,036				-394,037	-996,526	1,111,114	279,449	-891,323	673,685	-135,210	-439,344	740,289	51,903
overdraft	-1,051,490	855,671	-548,487	409,426	334,880			-936,166	767,348	106,130	311	62,377	-6,989	6,989
change in cash	1,263,526	-855,671	548,487	-409,426	-728,917	-996,526	1,111,114	1,215,615	-1,658,671	567,555	-135,521	-501,721	747,278	44,914

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORFOLK FREE RANGE LIMITED group structure

Norfolk Free Range Limited has no subsidiary companies.

Ultimate parent company

NORFOLK FREE RANGE LIMITED

05000340

NORFOLK FREE RANGE LIMITED Shareholders

hart farms holdings limited

100%

Norfolk Free Range Limited currently has 2 directors. The longest serving directors include Mr Steven Hart (Dec 2003) and Mrs Sally Hart (Jul 2005).

officer	country	age	start	end	role
Mr Steven Hart	England	65 years	Dec 2003	-	Director
Mrs Sally Hart	England	55 years	Jul 2005	-	Director

P&L

July 2023

turnover

35.2m

+19%

operating profit

-5.5m

+396%

gross margin

27.1%

-10.87%

turnover

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

Balance Sheet

July 2023

net assets

4.3m

-0.47%

total assets

12.9m

-0.47%

cash

212k

net assets

Total assets minus all liabilities

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company number

05000340

Type

Private limited with Share Capital

industry

01460 - Raising of swine/pigs

incorporation date

December 2003

ultimate parent company

None

previous names

N/A

address

snowre hall main road, fordham, downham market, PE38 0LN

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 13 charges/mortgages relating to norfolk free range limited. Currently there are 1 open charges and 12 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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norfolk free range limited Company Information

norfolk free range limited Estimated Valuation

norfolk free range limited Estimated Valuation

norfolk free range limited Estimated Valuation

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