m & j cowen farms limited

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m & j cowen farms limited Company Information

Share M & J COWEN FARMS LIMITED

Company Number

05079746

Shareholders

michael thomas elliot cowen

joyce elizabeth gillies cowen

Group Structure

View All

Industry

Raising of other cattle and buffaloes

 +1

Registered Address

east curthwaite farm, wigton, cumbria, CA7 8BJ

Website

-

m & j cowen farms limited Estimated Valuation

£79.6k

Pomanda estimates the enterprise value of M & J COWEN FARMS LIMITED at £79.6k based on a Turnover of £141.9k and 0.56x industry multiple (adjusted for size and gross margin).

m & j cowen farms limited Estimated Valuation

£27.1k

Pomanda estimates the enterprise value of M & J COWEN FARMS LIMITED at £27.1k based on an EBITDA of £7.7k and a 3.52x industry multiple (adjusted for size and gross margin).

m & j cowen farms limited Estimated Valuation

£477.8k

Pomanda estimates the enterprise value of M & J COWEN FARMS LIMITED at £477.8k based on Net Assets of £326.7k and 1.46x industry multiple (adjusted for liquidity).

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M & J Cowen Farms Limited Overview

M & J Cowen Farms Limited is a live company located in cumbria, CA7 8BJ with a Companies House number of 05079746. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in March 2004, it's largest shareholder is michael thomas elliot cowen with a 50% stake. M & J Cowen Farms Limited is a mature, micro sized company, Pomanda has estimated its turnover at £141.9k with healthy growth in recent years.

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M & J Cowen Farms Limited Health Check

Pomanda's financial health check has awarded M & J Cowen Farms Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £141.9k, make it smaller than the average company (£2.5m)

£141.9k - M & J Cowen Farms Limited

£2.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.4%)

8% - M & J Cowen Farms Limited

7.4% - Industry AVG

production

Production

with a gross margin of 36.6%, this company has a comparable cost of product (36.6%)

36.6% - M & J Cowen Farms Limited

36.6% - Industry AVG

profitability

Profitability

an operating margin of 1.7% make it less profitable than the average company (3.9%)

1.7% - M & J Cowen Farms Limited

3.9% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (18)

2 - M & J Cowen Farms Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.5k, the company has an equivalent pay structure (£39.5k)

£39.5k - M & J Cowen Farms Limited

£39.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £70.9k, this is less efficient (£149.3k)

£70.9k - M & J Cowen Farms Limited

£149.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - M & J Cowen Farms Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (35 days)

1 days - M & J Cowen Farms Limited

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - M & J Cowen Farms Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 229 weeks, this is more cash available to meet short term requirements (31 weeks)

229 weeks - M & J Cowen Farms Limited

31 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 10%, this is a lower level of debt than the average (36%)

10% - M & J Cowen Farms Limited

36% - Industry AVG

M & J COWEN FARMS LIMITED financials

EXPORTms excel logo

M & J Cowen Farms Limited's latest turnover from March 2024 is estimated at £141.9 thousand and the company has net assets of £326.7 thousand. According to their latest financial statements, M & J Cowen Farms Limited has 2 employees and maintains cash reserves of £124.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover141,850138,214114,761113,47394,19386,332000920,311988,532121,003661,01261,18350,812
Other Income Or Grants000000000000000
Cost Of Sales89,88185,98180,61381,91759,39355,116000583,601633,19772,486386,28837,49931,292
Gross Profit51,96952,23234,14931,55534,80131,216000336,709355,33448,517274,72423,68519,520
Admin Expenses49,56552,96527,68426,0126,70211,778-17,519-26,068-56,084316,274333,3669,747208,471-14,410-46,573
Operating Profit2,404-7336,4655,54328,09919,43817,51926,06856,08420,43521,96838,77066,25338,09566,093
Interest Payable0050645800000000000
Interest Receivable6,4874,253573946154295332816915237536116122878
Pre-Tax Profit8,8913,5206,5315,18028,16019,98018,47226,39656,25320,58722,34339,13266,41438,32266,171
Tax-2,223-669-1,241-984-5,350-3,796-3,510-5,279-11,250-4,323-5,139-9,392-17,268-10,730-18,528
Profit After Tax6,6682,8515,2904,19622,81016,18414,96221,11745,00216,26417,20429,74049,14627,59247,643
Dividends Paid000000000000000
Retained Profit6,6682,8515,2904,19622,81016,18414,96221,11745,00216,26417,20429,74049,14627,59247,643
Employee Costs79,06271,22972,21455,85443,90144,325000336,238394,18350,787295,22045,68422,120
Number Of Employees222222000141721221
EBITDA*7,6944,6379,8588,70130,44325,23721,14628,89959,28024,43124,35840,59869,93543,20766,093

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets41,43044,07946,46626,31725,67624,32014,50818,13512,78615,98212,4787,31312,77720,4470
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets41,43044,07946,46626,31725,67624,32014,50818,13512,78615,98212,4787,31312,77720,4470
Stock & work in progress0000000000001,25075,3500
Trade Debtors000000000131,695156,10116,584119,9855,1284,700
Group Debtors000000000000000
Misc Debtors196,577242,507281,397305,516249,757321,512130,128751218,6180000021,550
Cash124,795122,31677,80974,865113,9408,932135,571245,59616,63650,9119,913140,0884,34859,86831,162
misc current assets000000000000000
total current assets321,372364,823359,206380,381363,697330,444265,699246,347235,254182,606166,014156,672125,583140,34657,412
total assets362,802408,902405,672406,698389,373354,764280,207264,482248,040198,588178,492163,985138,360160,79357,412
Bank overdraft000000000000000
Bank loan00015,00000000000000
Trade Creditors 4547201,2131,2131570007,8014,6698,39911,4228,3439,767
Group/Directors Accounts000000000000076,7610
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities27,80577,15975,69073,62377,32765,7678,7787,19812,890000000
total current liabilities28,25977,87976,90389,83677,34265,7748,7787,19812,8907,8014,6698,39911,42285,1049,767
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions7,87211,02011,6175,0004,3654,1342,7573,5742,5573,1962,4961,4632,5554520
total long term liabilities7,87211,02011,6175,0004,3654,1342,7573,5742,5573,1962,4961,4632,5554520
total liabilities36,13188,89988,52094,83681,70769,90811,53510,77215,44710,9977,1659,86213,97785,5569,767
net assets326,671320,003317,152311,862307,666284,856268,672253,710232,593187,591171,327154,123124,38375,23747,645
total shareholders funds326,671320,003317,152311,862307,666284,856268,672253,710232,593187,591171,327154,123124,38375,23747,645
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit2,404-7336,4655,54328,09919,43817,51926,06856,08420,43521,96838,77066,25338,09566,093
Depreciation5,2905,3703,3933,1582,3445,7993,6272,8313,1963,9962,3901,8283,6825,1120
Amortisation000000000000000
Tax-2,223-669-1,241-984-5,350-3,796-3,510-5,279-11,250-4,323-5,139-9,392-17,268-10,730-18,528
Stock00000000000-1,250-74,10075,3500
Debtors-45,930-38,890-24,11955,759-71,755191,384129,377-217,86786,923-24,406139,517-103,401114,857-21,12226,250
Creditors-266-49301,1988700-7,8013,132-3,730-3,0233,079-1,4249,767
Accruals and Deferred Income-49,3541,4692,067-3,70411,56056,9891,580-5,69212,890000000
Deferred Taxes & Provisions-3,148-5976,6176352311,377-8171,017-6397001,033-1,0922,1034520
Cash flow from operations-1,36743,23741,420-49,913108,647-111,570-110,978236,812-34,44348,346-122,995131,74217,092-22,72331,082
Investing Activities
capital expenditure-2,641-2,983-23,542-3,799-3,700-15,6110-8,1800-7,500-7,5553,6363,988-25,5590
Change in Investments000000000000000
cash flow from investments-2,641-2,983-23,542-3,799-3,700-15,6110-8,1800-7,500-7,5553,6363,988-25,5590
Financing Activities
Bank loans00-15,00015,00000000000000
Group/Directors Accounts000000000000-76,76176,7610
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000000002
interest6,4874,25367-3646154295332816915237536116122878
cash flow from financing6,4874,253-14,93314,63661542953328169152375361-76,60076,98980
cash and cash equivalents
cash2,47944,5072,944-39,075105,008-126,639-110,025228,960-34,27540,998-130,175135,740-55,52028,70631,162
overdraft000000000000000
change in cash2,47944,5072,944-39,075105,008-126,639-110,025228,960-34,27540,998-130,175135,740-55,52028,70631,162

m & j cowen farms 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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M & J Cowen Farms Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for m & j cowen farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in CA7 area or any other competitors across 12 key performance metrics.

m & j cowen farms limited Ownership

M & J COWEN FARMS LIMITED group structure

M & J Cowen Farms Limited has no subsidiary companies.

Ultimate parent company

M & J COWEN FARMS LIMITED

05079746

M & J COWEN FARMS LIMITED Shareholders

michael thomas elliot cowen 50%
joyce elizabeth gillies cowen 50%

m & j cowen farms limited directors

M & J Cowen Farms Limited currently has 2 directors. The longest serving directors include Mrs Joyce Cowen (Mar 2004) and Mr Michael Cowen (Mar 2004).

officercountryagestartendrole
Mrs Joyce Cowen78 years Mar 2004- Director
Mr Michael Cowen79 years Mar 2004- Director

P&L

March 2024

turnover

141.9k

+3%

operating profit

2.4k

0%

gross margin

36.7%

-3.05%

turnover

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

Balance Sheet

March 2024

net assets

326.7k

+0.02%

total assets

362.8k

-0.11%

cash

124.8k

+0.02%

net assets

Total assets minus all liabilities

m & j cowen farms limited company details

company number

05079746

Type

Private limited with Share Capital

industry

01420 - Raising of other cattle and buffaloes

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

incorporation date

March 2004

age

21

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

crofton farm limited (April 2004)

accountant

-

auditor

-

address

east curthwaite farm, wigton, cumbria, CA7 8BJ

Bank

BARCLAYS BANK PLC

Legal Advisor

-

m & j cowen farms 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 did not find charges/mortgages relating to m & j cowen farms limited.

m & j cowen farms limited Capital Raised & Share Issues BETA

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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m & j cowen farms limited Companies House Filings - See Documents

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