soanes poultry ltd

soanes poultry ltd Company Information

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Company Number

05217234

Industry

Production of meat and poultry meat products

 

Directors

Andrew Soanes

Sarah Soanes

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Shareholders

andrew mark soanes

Group Structure

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Contact

Registered Address

church hill farm, middleton-on-the-wolds, driffield, east yorkshire, YO25 9UG

soanes poultry ltd Estimated Valuation

£24.1m

Pomanda estimates the enterprise value of SOANES POULTRY LTD at £24.1m based on a Turnover of £35.7m and 0.67x industry multiple (adjusted for size and gross margin).

soanes poultry ltd Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of SOANES POULTRY LTD at £7.5m based on an EBITDA of £1.1m and a 6.66x industry multiple (adjusted for size and gross margin).

soanes poultry ltd Estimated Valuation

£9.7m

Pomanda estimates the enterprise value of SOANES POULTRY LTD at £9.7m based on Net Assets of £4.9m and 2x industry multiple (adjusted for liquidity).

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Soanes Poultry Ltd Overview

Soanes Poultry Ltd is a live company located in driffield, YO25 9UG with a Companies House number of 05217234. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in August 2004, it's largest shareholder is andrew mark soanes with a 100% stake. Soanes Poultry Ltd is a mature, large sized company, Pomanda has estimated its turnover at £35.7m with healthy growth in recent years.

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Soanes Poultry Ltd Health Check

Pomanda's financial health check has awarded Soanes Poultry Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £35.7m, make it larger than the average company (£28.9m)

£35.7m - Soanes Poultry Ltd

£28.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (10.3%)

14% - Soanes Poultry Ltd

10.3% - Industry AVG

production

Production

with a gross margin of 14.3%, this company has a higher cost of product (18.7%)

14.3% - Soanes Poultry Ltd

18.7% - Industry AVG

profitability

Profitability

an operating margin of 1.6% make it less profitable than the average company (3.7%)

1.6% - Soanes Poultry Ltd

3.7% - Industry AVG

employees

Employees

with 139 employees, this is above the industry average (114)

139 - Soanes Poultry Ltd

114 - Industry AVG

paystructure

Pay Structure

on an average salary of £31k, the company has an equivalent pay structure (£33.7k)

£31k - Soanes Poultry Ltd

£33.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £256.7k, this is equally as efficient (£254.4k)

£256.7k - Soanes Poultry Ltd

£254.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 23 days, this is earlier than average (37 days)

23 days - Soanes Poultry Ltd

37 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is close to average (34 days)

32 days - Soanes Poultry Ltd

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (22 days)

2 days - Soanes Poultry Ltd

22 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (13 weeks)

29 weeks - Soanes Poultry Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.6%, this is a similar level of debt than the average (50%)

51.6% - Soanes Poultry Ltd

50% - Industry AVG

SOANES POULTRY LTD financials

EXPORTms excel logo

Soanes Poultry Ltd's latest turnover from March 2024 is £35.7 million and the company has net assets of £4.9 million. According to their latest financial statements, Soanes Poultry Ltd has 139 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Apr 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover35,677,84735,143,74128,001,81523,942,71522,365,03022,180,00021,584,59020,052,43410,705,72013,953,11213,160,55514,809,90917,291,23616,832,97115,473,974
Other Income Or Grants000000000000000
Cost Of Sales30,562,50630,687,58024,420,27320,645,53718,896,04419,545,72018,761,75817,055,4409,015,86411,839,67411,211,66912,479,93515,582,11815,390,51413,997,848
Gross Profit5,115,3414,456,1613,581,5423,297,1783,468,9862,634,2802,822,8322,996,9941,689,8562,113,4381,948,8862,329,9741,709,1181,442,4571,476,126
Admin Expenses4,545,0694,041,3343,284,6652,931,3422,796,7042,467,9582,281,4992,383,219946,9211,585,2231,653,8622,204,5261,463,6171,274,0381,310,234
Operating Profit570,272414,827296,877365,836672,282166,322541,333613,775742,935528,215295,024125,448245,501168,419165,892
Interest Payable2,1086,2889,60413,38716,9247,8500000003,3326,7026,242
Interest Receivable58,88721,28910,4498,97111,80615,00015,80312,2886,4484,3492,7681,910000
Pre-Tax Profit627,051429,828297,722361,420667,164173,472557,136626,063749,383532,563297,792127,358242,169161,717159,650
Tax-142,564-106,729-117,603-85,928-143,467-48,702-96,988-133,348-149,876-111,838-68,492-30,566-52,181-35,989-47,429
Profit After Tax484,487323,099180,119275,492523,697124,770460,148492,715599,506420,725229,30096,792189,988125,728112,221
Dividends Paid000000000000000
Retained Profit484,487323,099180,119275,492523,697124,770460,148492,715599,506420,725229,30096,792189,988125,728112,221
Employee Costs4,304,1323,565,7572,857,1252,316,7362,184,5251,745,4311,490,7471,704,2511,336,5781,572,5821,552,7711,719,522960,7231,118,3441,242,162
Number Of Employees1391241151058089858354656674506171
EBITDA*1,132,681991,964858,823757,7641,076,743566,956890,507922,3871,035,415793,748540,238321,271413,227341,792365,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Apr 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets4,024,4224,076,3354,292,2884,204,4433,384,5763,127,3312,115,4981,447,1511,287,0671,174,4281,060,456999,489833,583432,739454,709
Intangible Assets5,8508,5500000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)500,000500,000600,000600,000600,000600,000600,000600,0000000000
Total Fixed Assets4,530,2724,584,8854,892,2884,804,4433,984,5763,727,3312,715,4982,047,1511,287,0671,174,4281,060,456999,489833,583432,739454,709
Stock & work in progress245,065196,932198,167154,651160,868232,78884,522119,955125,174125,750115,444190,753161,439249,650106,307
Trade Debtors2,313,7872,549,1982,163,8461,738,8081,835,3721,293,6811,585,7441,402,6471,424,9641,332,3141,336,7031,633,1951,420,8031,375,8481,480,708
Group Debtors000000000000000
Misc Debtors477,194291,899288,936465,376305,725182,468252,209117,39374,641000287,77751,46956,208
Cash2,484,9471,179,446203,807699,9821,064,960336,4271,021,0551,046,9501,541,6481,037,446702,033405,055359,040551,958584,969
misc current assets000000000000000
total current assets5,520,9934,217,4752,854,7563,058,8173,366,9252,045,3642,943,5302,686,9453,166,4272,495,5102,154,1802,229,0032,229,0592,228,9252,228,192
total assets10,051,2658,802,3607,747,0447,863,2607,351,5015,772,6955,659,0284,734,0964,453,4943,669,9383,214,6363,228,4923,062,6422,661,6642,682,901
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 2,725,6002,193,2142,003,4392,242,0322,251,0201,678,1991,844,8061,344,9771,319,8402,070,0612,066,1262,334,4031,513,8471,411,8621,651,159
Group/Directors Accounts000000000000560,388560,388517,571
other short term finances000000000000000
hp & lease commitments029,54357,54767,63164,10947,96600000020,69632,40615,308
other current liabilities1,639,4771,350,829633,562806,109701,940462,465613,058619,655883,115000154,655144,892142,672
total current liabilities4,365,0773,573,5862,694,5483,115,7723,017,0692,188,6302,457,8641,964,6322,202,9552,070,0612,066,1262,334,4032,249,5862,149,5482,326,710
loans000000000000000
hp & lease commitments0032,23690,707157,856191,16100000019,29739,15715,290
Accruals and Deferred Income449,251502,728611,804505,189364,590143,36491,64396,4670106,114110,937116,133120,58400
other liabilities000000000000000
provisions369,470343,066348,575271,830207,716168,967153,718177,342146,30990,32954,86424,54716,5586,3300
total long term liabilities818,721845,794992,615867,726730,162503,492245,361273,809146,309196,443165,801140,680156,43945,48715,290
total liabilities5,183,7984,419,3803,687,1633,983,4983,747,2312,692,1222,703,2252,238,4412,349,2642,266,5042,231,9272,475,0832,406,0252,195,0352,342,000
net assets4,867,4674,382,9804,059,8813,879,7623,604,2703,080,5732,955,8032,495,6552,104,2301,403,434982,709753,409656,617466,629340,901
total shareholders funds4,867,4674,382,9804,059,8813,879,7623,604,2703,080,5732,955,8032,495,6552,104,2301,403,434982,709753,409656,617466,629340,901
Mar 2024Mar 2023Mar 2022Apr 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit570,272414,827296,877365,836672,282166,322541,333613,775742,935528,215295,024125,448245,501168,419165,892
Depreciation559,709574,437561,946391,928404,461400,634349,174308,612292,480265,533245,214195,823167,726173,373199,482
Amortisation2,7002,7000000000000000
Tax-142,564-106,729-117,603-85,928-143,467-48,702-96,988-133,348-149,876-111,838-68,492-30,566-52,181-35,989-47,429
Stock48,133-1,23543,516-6,217-71,920148,266-35,433-5,219-57610,306-75,30929,314-88,211143,343106,307
Debtors-50,116288,315248,59863,087664,948-361,804317,913620,435167,291-4,389-296,492-75,385281,263-109,5991,536,916
Creditors532,386189,775-238,593-8,988572,821-166,607499,82925,137-750,2213,935-268,277820,556101,985-239,2971,651,159
Accruals and Deferred Income235,171608,191-65,932244,768460,701-98,872-11,421-166,993777,001-4,823-5,196-159,106130,3472,220142,672
Deferred Taxes & Provisions26,404-5,50976,74564,11438,74915,249-23,62431,03355,98035,46530,3177,98910,2286,3300
Cash flow from operations1,786,0611,390,612221,326914,8601,412,519481,562975,82363,000801,584710,570600,3911,006,215410,55441,312468,553
Investing Activities
capital expenditure000000-1,009,343-461,854-405,119-379,505-306,181-361,729-568,570-120,607-168,968
Change in Investments000000000000000
cash flow from investments000000-1,009,343-461,854-405,119-379,505-306,181-361,729-568,570-120,607-168,968
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00000000000-560,388042,817517,571
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-29,543-60,240-68,555-63,627-17,162239,12700000-39,993-31,57040,96530,598
other long term liabilities000000000000000
share issue0000000-101,290101,29000000228,680
interest56,77915,001845-4,416-5,1187,15015,80312,2886,4484,3492,7681,910-3,332-6,702-6,242
cash flow from financing27,236-45,239-67,710-68,043-22,280246,27715,803-89,002107,7384,3492,768-598,471-34,90277,080770,607
cash and cash equivalents
cash1,305,501975,639-496,175-364,978728,533-684,628-25,895-494,698504,202335,413296,97846,015-192,918-33,011584,969
overdraft000000000000000
change in cash1,305,501975,639-496,175-364,978728,533-684,628-25,895-494,698504,202335,413296,97846,015-192,918-33,011584,969

soanes poultry ltd 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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Soanes Poultry Ltd Competitor Analysis

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Perform a competitor analysis for soanes poultry ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in YO25 area or any other competitors across 12 key performance metrics.

soanes poultry ltd Ownership

SOANES POULTRY LTD group structure

Soanes Poultry Ltd has no subsidiary companies.

Ultimate parent company

SOANES POULTRY LTD

05217234

SOANES POULTRY LTD Shareholders

andrew mark soanes 100%

soanes poultry ltd directors

Soanes Poultry Ltd currently has 5 directors. The longest serving directors include Mr Andrew Soanes (Aug 2004) and Mrs Sarah Soanes (Apr 2019).

officercountryagestartendrole
Mr Andrew SoanesEngland59 years Aug 2004- Director
Mrs Sarah SoanesUnited Kingdom60 years Apr 2019- Director
Mrs Claire WrightEngland55 years Apr 2019- Director
Mr John SoanesEngland28 years Apr 2019- Director
Mr Ben LeeEngland35 years Jan 2021- Director

P&L

March 2024

turnover

35.7m

+2%

operating profit

570.3k

+37%

gross margin

14.4%

+13.07%

turnover

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

Balance Sheet

March 2024

net assets

4.9m

+0.11%

total assets

10.1m

+0.14%

cash

2.5m

+1.11%

net assets

Total assets minus all liabilities

soanes poultry ltd company details

company number

05217234

Type

Private limited with Share Capital

industry

10130 - Production of meat and poultry meat products

incorporation date

August 2004

age

21

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

March 2024

previous names

t soanes & son (poultry) ltd (April 2024)

accountant

-

auditor

SADOFSKYS

address

church hill farm, middleton-on-the-wolds, driffield, east yorkshire, YO25 9UG

Bank

BARCLAYS BANK PLC

Legal Advisor

-

soanes poultry 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 soanes poultry ltd.

soanes poultry ltd 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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soanes poultry ltd Companies House Filings - See Documents

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