kirks quality foods limited

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kirks quality foods limited Company Information

Share KIRKS QUALITY FOODS LIMITED

Company Number

05363895

Shareholders

andrew dennis kirk

john darryl kirk

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Group Structure

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Industry

Wholesale of meat and meat products

 +1

Registered Address

endeavour house, 7 enterprise way, spalding, PE11 3YR

kirks quality foods limited Estimated Valuation

£642.4k

Pomanda estimates the enterprise value of KIRKS QUALITY FOODS LIMITED at £642.4k based on a Turnover of £2.1m and 0.3x industry multiple (adjusted for size and gross margin).

kirks quality foods limited Estimated Valuation

£0

Pomanda estimates the enterprise value of KIRKS QUALITY FOODS LIMITED at £0 based on an EBITDA of £-372.9k and a 2.85x industry multiple (adjusted for size and gross margin).

kirks quality foods limited Estimated Valuation

£610.5k

Pomanda estimates the enterprise value of KIRKS QUALITY FOODS LIMITED at £610.5k based on Net Assets of £209.4k and 2.92x industry multiple (adjusted for liquidity).

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Kirks Quality Foods Limited Overview

Kirks Quality Foods Limited is a live company located in spalding, PE11 3YR with a Companies House number of 05363895. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in February 2005, it's largest shareholder is andrew dennis kirk with a 49.7% stake. Kirks Quality Foods Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with rapid growth in recent years.

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Kirks Quality Foods Limited Health Check

Pomanda's financial health check has awarded Kirks Quality Foods Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £2.1m, make it smaller than the average company (£14.6m)

£2.1m - Kirks Quality Foods Limited

£14.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (8%)

32% - Kirks Quality Foods Limited

8% - Industry AVG

production

Production

with a gross margin of 14.6%, this company has a comparable cost of product (14.6%)

14.6% - Kirks Quality Foods Limited

14.6% - Industry AVG

profitability

Profitability

an operating margin of -18.6% make it less profitable than the average company (3.8%)

-18.6% - Kirks Quality Foods Limited

3.8% - Industry AVG

employees

Employees

with 21 employees, this is similar to the industry average (20)

21 - Kirks Quality Foods Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)

£32.7k - Kirks Quality Foods Limited

£32.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £101k, this is less efficient (£401.7k)

£101k - Kirks Quality Foods Limited

£401.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (28 days)

15 days - Kirks Quality Foods Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is quicker than average (25 days)

14 days - Kirks Quality Foods Limited

25 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (16 days)

7 days - Kirks Quality Foods Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (19 weeks)

52 weeks - Kirks Quality Foods Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.2%, this is a similar level of debt than the average (57.4%)

55.2% - Kirks Quality Foods Limited

57.4% - Industry AVG

KIRKS QUALITY FOODS LIMITED financials

EXPORTms excel logo

Kirks Quality Foods Limited's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of £209.4 thousand. According to their latest financial statements, Kirks Quality Foods Limited has 21 employees and maintains cash reserves of £241.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,121,5291,905,9511,637,731930,2871,719,9341,900,8681,849,6021,614,6001,061,5112,945,9901,450,4611,132,2741,512,4141,733,869
Other Income Or Grants
Cost Of Sales1,812,7211,619,6501,377,110771,4221,448,2391,611,5471,582,2631,344,402886,7372,474,0141,197,473937,2181,231,1361,395,792
Gross Profit308,808286,301260,621158,865271,696289,321267,339270,198174,774471,976252,988195,056281,279338,077
Admin Expenses703,649268,962141,16867,689153,072233,371258,947195,483108,816411,917251,323203,142289,216336,230-39,938
Operating Profit-394,84117,339119,45391,176118,62455,9508,39274,71565,95860,0591,665-8,086-7,9371,84739,938
Interest Payable1414
Interest Receivable21,57419,5311,2363972,0311,07658945490583581361468845028
Pre-Tax Profit-373,26736,870120,68991,573120,65457,0268,96775,15566,86460,8942,478-7,472-7,2492,29739,965
Tax-7,005-22,931-17,399-22,924-10,835-1,704-15,031-13,373-12,788-570-643-11,190
Profit After Tax-373,26729,86597,75874,17497,73046,1917,26360,12453,49148,1061,908-7,472-7,2491,65428,775
Dividends Paid
Retained Profit-373,26729,86597,75874,17497,73046,1917,26360,12453,49148,1061,908-7,472-7,2491,65428,775
Employee Costs686,897534,081475,717351,948518,968630,031551,135602,956110,734261,749133,52599,182153,008206,529
Number Of Employees21171712172221234105468
EBITDA*-372,94044,705155,477127,538146,60891,51043,005128,473643,052129,63427,01917,41610,37226,39771,415

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets63,55877,338107,687108,41483,301106,024105,680130,620170,629208,10645,41046,61324,24732,20943,856
Intangible Assets10,00020,00030,00040,00050,00060,00070,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets63,55877,338107,687108,41483,301106,024105,680130,620180,629228,10675,41086,61374,24792,209113,856
Stock & work in progress35,00045,00056,41547,08627,93852,36347,21444,71841,44046,48641,35240,98677,26274,71275,401
Trade Debtors89,971112,77896,86040,237124,46895,406100,32066,11582,680300,45996,195105,146143,466127,891280,299
Group Debtors
Misc Debtors36,4266,5149,10920,43413,89728,08991,062223,404143,545147,528120,63475,84879,815122,852
Cash241,931579,926536,131452,753340,374201,10785,871149,709213,608148,570185,286139,741106,022169,11711,040
misc current assets627149
total current assets403,328744,218699,142560,659506,677376,965324,467483,946481,273495,515470,361406,507402,598451,535489,592
total assets466,886821,556806,829669,073589,978482,989430,147614,566661,902723,621545,771493,120476,845543,744603,448
Bank overdraft
Bank loan
Trade Creditors 71,92184,30065,24119,64370,37776,77289,69652,819104,870193,076145,78570,98453,030112,182132,577
Group/Directors Accounts5,0852283,1774,3993,892
other short term finances439
hp & lease commitments14,981
other current liabilities169,340135,433159,890138,14186,30271,04550,18772,14171,309
total current liabilities241,261224,818225,359160,961161,078147,817139,883125,399195,052193,076145,78570,98453,030112,182132,577
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities30,15643,6961,100
provisions16,27414,12018,71718,11713,07917,08118,36424,53032,18135,8275,9706,1283358331,796
total long term liabilities16,27414,12018,71718,11713,07917,08118,36424,53062,33779,5237,0706,1283358331,796
total liabilities257,535238,938244,076179,078174,157164,898158,247149,929257,389272,599152,85577,11253,365113,015134,373
net assets209,351582,618562,753489,995415,821318,091271,900464,637404,513451,022392,916416,008423,480430,729469,075
total shareholders funds209,351582,618562,753489,995415,821318,091271,900464,637404,513451,022392,916416,008423,480430,729469,075
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-394,84117,339119,45391,176118,62455,9508,39274,71565,95860,0591,665-8,086-7,9371,84739,938
Depreciation21,90127,36636,02436,36227,98435,56034,61343,758567,09459,57515,35415,5028,30914,55021,477
Amortisation10,00010,00010,00010,00010,00010,00010,00010,000
Tax-7,005-22,931-17,399-22,924-10,835-1,704-15,031-13,373-12,788-570-643-11,190
Stock-10,000-11,4159,32919,148-24,4255,1492,4963,278-5,0465,134366-36,2762,550-68975,401
Debtors7,10513,32345,298-77,69414,870-67,887-98,13763,294-74,23456,73617,9436,46611,608-195,445403,151
Creditors-12,37919,05945,598-50,734-6,395-12,92436,877-52,051-88,20647,29174,80117,954-59,152-20,395132,577
Accruals and Deferred Income33,907-24,45721,74951,83915,25720,858-21,95483271,309
Deferred Taxes & Provisions2,154-4,5976005,038-4,002-1,283-6,166-7,651-3,64629,857-1585,793-498-9631,796
Cash flow from operations-346,36325,797145,866174,828138,099150,064145,699-12,000688,416132,12482,78370,973-63,436200,530-283,954
Investing Activities
capital expenditure-8,1212,983-35,297-61,475-5,261-35,904-9,673-3,749-529,617-222,271-14,151-37,868-347-2,903-145,333
Change in Investments
cash flow from investments-8,1212,983-35,297-61,475-5,261-35,904-9,673-3,749-529,617-222,271-14,151-37,868-347-2,903-145,333
Financing Activities
Bank loans
Group/Directors Accounts-5,0854,857-2,949-1,2224,399-3,8923,892
Other Short Term Loans -439439
Long term loans
Hire Purchase and Lease Commitments-14,98114,981
other long term liabilities-30,156-13,54042,5961,100
share issue-10,000-25,000-200,000-100,00010,000-25,000-40,000440,300
interest21,57419,5311,2363972,0311,07657544090583581361468845028
cash flow from financing16,48914,388-26,713-8256,4301,076-199,864-48,150-93,76253,431-23,087614688-39,550440,328
cash and cash equivalents
cash-337,99543,79583,378112,379139,267115,236-63,838-63,89965,038-36,71645,54533,719-63,095158,07711,040
overdraft
change in cash-337,99543,79583,378112,379139,267115,236-63,838-63,89965,038-36,71645,54533,719-63,095158,07711,040

kirks quality foods 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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Kirks Quality Foods Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for kirks quality foods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in PE11 area or any other competitors across 12 key performance metrics.

kirks quality foods limited Ownership

KIRKS QUALITY FOODS LIMITED group structure

Kirks Quality Foods Limited has no subsidiary companies.

Ultimate parent company

KIRKS QUALITY FOODS LIMITED

05363895

KIRKS QUALITY FOODS LIMITED Shareholders

andrew dennis kirk 49.7%
john darryl kirk 49.7%
kirks holdings limited 0.6%

kirks quality foods limited directors

Kirks Quality Foods Limited currently has 2 directors. The longest serving directors include Mr Andrew Kirk (Feb 2005) and Mr John Kirk (Feb 2005).

officercountryagestartendrole
Mr Andrew KirkEngland67 years Feb 2005- Director
Mr John Kirk60 years Feb 2005- Director

P&L

December 2023

turnover

2.1m

+11%

operating profit

-394.8k

0%

gross margin

14.6%

-3.1%

turnover

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

Balance Sheet

December 2023

net assets

209.4k

-0.64%

total assets

466.9k

-0.43%

cash

241.9k

-0.58%

net assets

Total assets minus all liabilities

kirks quality foods limited company details

company number

05363895

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

February 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

INSIGHT

auditor

-

address

endeavour house, 7 enterprise way, spalding, PE11 3YR

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

kirks quality foods 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 kirks quality foods limited.

kirks quality foods 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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kirks quality foods limited Companies House Filings - See Documents

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