rathbone kear limited
rathbone kear limited Company Information
Company Number
05417123
Next Accounts
Jul 2025
Shareholders
wm morrison supermarkets holdings limited
Group Structure
View All
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered Address
hilmore house, gain lane, bradford, west yorkshire, BD3 7DL
Website
www.rathbones-bakery.co.ukrathbone kear limited Estimated Valuation
Pomanda estimates the enterprise value of RATHBONE KEAR LIMITED at £46.1m based on a Turnover of £70.6m and 0.65x industry multiple (adjusted for size and gross margin).
rathbone kear limited Estimated Valuation
Pomanda estimates the enterprise value of RATHBONE KEAR LIMITED at £10.8m based on an EBITDA of £2.3m and a 4.77x industry multiple (adjusted for size and gross margin).
rathbone kear limited Estimated Valuation
Pomanda estimates the enterprise value of RATHBONE KEAR LIMITED at £83.2m based on Net Assets of £40m and 2.08x industry multiple (adjusted for liquidity).
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Rathbone Kear Limited Overview
Rathbone Kear Limited is a live company located in bradford, BD3 7DL with a Companies House number of 05417123. It operates in the manufacture of bread sector, SIC Code 10710. Founded in April 2005, it's largest shareholder is wm morrison supermarkets holdings limited with a 100% stake. Rathbone Kear Limited is a mature, large sized company, Pomanda has estimated its turnover at £70.6m with healthy growth in recent years.
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Rathbone Kear Limited Health Check
Pomanda's financial health check has awarded Rathbone Kear Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £70.6m, make it larger than the average company (£15.1m)
£70.6m - Rathbone Kear Limited
£15.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.1%)
9% - Rathbone Kear Limited
8.1% - Industry AVG
Production
with a gross margin of 4.7%, this company has a higher cost of product (27.8%)
4.7% - Rathbone Kear Limited
27.8% - Industry AVG
Profitability
an operating margin of -5.2% make it less profitable than the average company (3.6%)
-5.2% - Rathbone Kear Limited
3.6% - Industry AVG
Employees
with 432 employees, this is above the industry average (169)
432 - Rathbone Kear Limited
169 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has a higher pay structure (£30.1k)
£38.3k - Rathbone Kear Limited
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £163.3k, this is more efficient (£105.2k)
£163.3k - Rathbone Kear Limited
£105.2k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (41 days)
1 days - Rathbone Kear Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (42 days)
27 days - Rathbone Kear Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (25 days)
16 days - Rathbone Kear Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Rathbone Kear Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.6%, this is a similar level of debt than the average (54.5%)
52.6% - Rathbone Kear Limited
54.5% - Industry AVG
RATHBONE KEAR LIMITED financials
Rathbone Kear Limited's latest turnover from October 2023 is £70.6 million and the company has net assets of £40 million. According to their latest financial statements, Rathbone Kear Limited has 432 employees and maintains cash reserves of £17 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 70,553,000 | 62,420,000 | 40,752,000 | 52,614,000 | 54,425,000 | 48,883,000 | 45,223,000 | 44,131,000 | 46,978,000 | 49,736,000 | 51,882,000 | 62,664,000 | 61,691,000 | 52,616,000 | 47,647,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 67,252,000 | 59,262,000 | 38,602,000 | 49,809,000 | 50,071,000 | 44,919,000 | 41,970,000 | 37,900,000 | 39,318,000 | 44,175,000 | 47,736,000 | 54,281,000 | 50,195,000 | 42,507,000 | |
| Gross Profit | 3,301,000 | 3,158,000 | 2,150,000 | 2,805,000 | 4,354,000 | 3,964,000 | 3,253,000 | 6,231,000 | 7,660,000 | 5,561,000 | 4,146,000 | 8,383,000 | 11,496,000 | 10,109,000 | |
| Admin Expenses | 6,987,000 | 2,411,000 | 1,660,000 | 2,095,000 | 1,961,000 | 2,193,000 | 1,700,000 | 2,583,000 | 2,195,000 | 3,270,000 | 2,965,000 | 5,274,000 | 2,100,000 | 3,109,000 | |
| Operating Profit | -3,686,000 | 747,000 | 490,000 | 710,000 | 2,393,000 | 1,771,000 | 1,553,000 | 3,648,000 | 5,465,000 | 2,291,000 | 1,181,000 | 3,109,000 | 9,396,000 | 7,000,000 | 5,690,000 |
| Interest Payable | 4,000 | 10,000 | 7,000 | 29,000 | 98,000 | 170,000 | 108,000 | 117,000 | 107,000 | 72,000 | 3,000 | 3,000 | 145,000 | ||
| Interest Receivable | 3,000 | 10,000 | 94,000 | 563,000 | 312,000 | 384,000 | 432,000 | ||||||||
| Pre-Tax Profit | -3,690,000 | 737,000 | 483,000 | 684,000 | 2,295,000 | 1,601,000 | 1,445,000 | 3,531,000 | 5,358,000 | 2,229,000 | 1,272,000 | 3,669,000 | 9,708,000 | 7,384,000 | 5,977,000 |
| Tax | 1,486,000 | -2,091,000 | -2,223,000 | 792,000 | -358,000 | -361,000 | -575,000 | 566,000 | 130,000 | 37,000 | -221,000 | -1,082,000 | -1,900,000 | -2,605,000 | -1,596,000 |
| Profit After Tax | -2,204,000 | -1,354,000 | -1,740,000 | 1,476,000 | 1,937,000 | 1,240,000 | 870,000 | 4,097,000 | 5,488,000 | 2,266,000 | 1,051,000 | 2,587,000 | 7,808,000 | 4,779,000 | 4,381,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -2,204,000 | -1,354,000 | -1,740,000 | 1,476,000 | 1,937,000 | 1,240,000 | 870,000 | 4,097,000 | 5,488,000 | 2,266,000 | 1,051,000 | 2,587,000 | 7,808,000 | 4,779,000 | 4,381,000 |
| Employee Costs | 16,533,000 | 14,231,000 | 11,013,000 | 14,711,000 | 13,823,000 | 13,197,000 | 11,074,000 | 10,612,000 | 9,676,000 | 8,935,000 | 9,706,000 | 13,595,000 | 11,702,000 | 12,840,000 | 10,411,000 |
| Number Of Employees | 432 | 417 | 441 | 460 | 450 | 452 | 373 | 345 | 313 | 274 | 328 | 391 | 364 | 417 | 377 |
| EBITDA* | 2,271,000 | 5,805,000 | 3,743,000 | 4,662,000 | 6,143,000 | 5,491,000 | 4,657,000 | 7,085,000 | 8,906,000 | 5,872,000 | 3,649,000 | 6,880,000 | 11,307,000 | 8,852,000 | 7,554,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 37,694,000 | 44,307,000 | 41,051,000 | 33,140,000 | 30,260,000 | 28,349,000 | 31,198,000 | 22,843,000 | 25,724,000 | 26,756,000 | 29,796,000 | 28,035,000 | 15,239,000 | 15,479,000 | 15,349,000 |
| Intangible Assets | 82,000 | 6,000 | 3,000 | 4,000 | 55,000 | 168,000 | 292,000 | 403,000 | 515,000 | 626,000 | 740,000 | 851,000 | 963,000 | ||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 37,776,000 | 44,313,000 | 41,054,000 | 33,144,000 | 30,260,000 | 28,349,000 | 31,253,000 | 23,011,000 | 26,016,000 | 27,159,000 | 30,311,000 | 28,661,000 | 15,979,000 | 16,330,000 | 16,312,000 |
| Stock & work in progress | 2,970,000 | 2,362,000 | 1,860,000 | 1,572,000 | 595,000 | 644,000 | 840,000 | 441,000 | 615,000 | 426,000 | 743,000 | 852,000 | 995,000 | 894,000 | 442,000 |
| Trade Debtors | 346,000 | 189,000 | 153,000 | 98,000 | 252,000 | 210,000 | 793,000 | 91,000 | 137,000 | 61,000 | 17,000 | 5,000 | 37,000 | ||
| Group Debtors | 41,852,000 | 43,082,000 | 43,070,000 | 43,203,000 | 43,112,000 | 45,262,000 | 41,506,000 | 40,427,000 | 28,089,000 | 1,761,000 | 1,447,000 | 1,435,000 | 3,090,000 | 3,258,000 | 5,170,000 |
| Misc Debtors | 1,441,000 | 878,000 | 174,000 | 178,000 | 457,000 | 284,000 | 146,000 | 16,000 | 91,000 | 267,000 | 197,000 | 403,000 | 152,000 | 164,000 | |
| Cash | 17,000 | 2,000 | 4,000 | 6,000 | 326,000 | 1,068,000 | 1,773,000 | 1,006,000 | 1,268,000 | 122,565,000 | 95,483,000 | 75,346,000 | 48,146,000 | 32,191,000 | 17,481,000 |
| misc current assets | |||||||||||||||
| total current assets | 46,626,000 | 46,513,000 | 45,261,000 | 45,057,000 | 44,742,000 | 47,468,000 | 45,058,000 | 41,981,000 | 30,109,000 | 124,904,000 | 97,957,000 | 77,830,000 | 52,634,000 | 36,500,000 | 23,294,000 |
| total assets | 84,402,000 | 90,826,000 | 86,315,000 | 78,201,000 | 75,002,000 | 75,817,000 | 76,311,000 | 64,992,000 | 56,125,000 | 152,063,000 | 128,268,000 | 106,491,000 | 68,613,000 | 52,830,000 | 39,606,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 4,995,000 | 5,030,000 | 4,113,000 | 3,461,000 | 3,950,000 | 3,137,000 | 3,621,000 | 3,734,000 | 2,915,000 | 3,003,000 | 4,735,000 | 6,782,000 | 4,988,000 | 4,785,000 | 4,156,000 |
| Group/Directors Accounts | 32,442,000 | 35,945,000 | 32,898,000 | 25,013,000 | 19,497,000 | 21,492,000 | 10,646,000 | 678,000 | 457,000 | 102,179,000 | 89,532,000 | 64,086,000 | 34,712,000 | 26,231,000 | 19,793,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,362,000 | 2,607,000 | 2,797,000 | 3,010,000 | 2,107,000 | 3,134,000 | 2,375,000 | 2,464,000 | 1,383,000 | 2,028,000 | 4,568,000 | 7,462,000 | 4,072,000 | 4,268,000 | 3,224,000 |
| total current liabilities | 40,799,000 | 43,582,000 | 39,808,000 | 31,484,000 | 25,554,000 | 27,763,000 | 16,642,000 | 6,876,000 | 4,755,000 | 107,210,000 | 98,835,000 | 78,330,000 | 43,772,000 | 35,284,000 | 27,173,000 |
| loans | 693,000 | 4,108,000 | 18,225,000 | 18,117,000 | 14,902,000 | 13,743,000 | |||||||||
| hp & lease commitments | 49,000 | 5,406,000 | 552,000 | 51,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 778,000 | ||||||||||||||
| provisions | 3,518,000 | 5,004,000 | 2,913,000 | 690,000 | 1,482,000 | 727,000 | 763,000 | 188,000 | 754,000 | 884,000 | 686,000 | 691,000 | 459,000 | 1,023,000 | 689,000 |
| total long term liabilities | 3,567,000 | 5,004,000 | 2,913,000 | 1,383,000 | 5,590,000 | 6,133,000 | 18,988,000 | 18,305,000 | 15,656,000 | 14,627,000 | 1,464,000 | 1,243,000 | 510,000 | 1,023,000 | 689,000 |
| total liabilities | 44,366,000 | 48,586,000 | 42,721,000 | 32,867,000 | 31,144,000 | 33,896,000 | 35,630,000 | 25,181,000 | 20,411,000 | 121,837,000 | 100,299,000 | 79,573,000 | 44,282,000 | 36,307,000 | 27,862,000 |
| net assets | 40,036,000 | 42,240,000 | 43,594,000 | 45,334,000 | 43,858,000 | 41,921,000 | 40,681,000 | 39,811,000 | 35,714,000 | 30,226,000 | 27,969,000 | 26,918,000 | 24,331,000 | 16,523,000 | 11,744,000 |
| total shareholders funds | 40,036,000 | 42,240,000 | 43,594,000 | 45,334,000 | 43,858,000 | 41,921,000 | 40,681,000 | 39,811,000 | 35,714,000 | 30,226,000 | 27,969,000 | 26,918,000 | 24,331,000 | 16,523,000 | 11,744,000 |
| Oct 2023 | Oct 2022 | Oct 2021 | Jan 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Jan 2017 | Jan 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -3,686,000 | 747,000 | 490,000 | 710,000 | 2,393,000 | 1,771,000 | 1,553,000 | 3,648,000 | 5,465,000 | 2,291,000 | 1,181,000 | 3,109,000 | 9,396,000 | 7,000,000 | 5,690,000 |
| Depreciation | 5,950,000 | 5,054,000 | 3,252,000 | 3,951,000 | 3,750,000 | 3,665,000 | 2,991,000 | 3,313,000 | 3,330,000 | 3,469,000 | 2,357,000 | 3,657,000 | 1,800,000 | 1,740,000 | 1,752,000 |
| Amortisation | 7,000 | 4,000 | 1,000 | 1,000 | 55,000 | 113,000 | 124,000 | 111,000 | 112,000 | 111,000 | 114,000 | 111,000 | 112,000 | 112,000 | |
| Tax | 1,486,000 | -2,091,000 | -2,223,000 | 792,000 | -358,000 | -361,000 | -575,000 | 566,000 | 130,000 | 37,000 | -221,000 | -1,082,000 | -1,900,000 | -2,605,000 | -1,596,000 |
| Stock | 608,000 | 502,000 | 1,265,000 | 977,000 | -49,000 | -196,000 | 399,000 | -174,000 | 189,000 | -317,000 | -109,000 | -143,000 | 101,000 | 452,000 | 442,000 |
| Debtors | -510,000 | 752,000 | -424,000 | -342,000 | -1,935,000 | 3,311,000 | 1,911,000 | 12,308,000 | 26,313,000 | 182,000 | 99,000 | -1,861,000 | 78,000 | -1,956,000 | 5,371,000 |
| Creditors | -35,000 | 917,000 | 163,000 | -489,000 | 813,000 | -484,000 | -113,000 | 819,000 | -88,000 | -1,732,000 | -2,047,000 | 1,794,000 | 203,000 | 629,000 | 4,156,000 |
| Accruals and Deferred Income | 755,000 | -190,000 | 690,000 | 903,000 | -1,027,000 | 759,000 | -89,000 | 1,081,000 | -645,000 | -2,540,000 | -2,894,000 | 3,390,000 | -196,000 | 1,044,000 | 3,224,000 |
| Deferred Taxes & Provisions | -1,486,000 | 2,091,000 | 1,431,000 | -792,000 | 755,000 | -36,000 | 575,000 | -566,000 | -130,000 | 198,000 | -5,000 | 232,000 | -564,000 | 334,000 | 689,000 |
| Cash flow from operations | 2,893,000 | 5,278,000 | 2,963,000 | 4,441,000 | 8,310,000 | 2,254,000 | 2,145,000 | -3,149,000 | -18,329,000 | 1,970,000 | -1,508,000 | 13,218,000 | 8,671,000 | 9,758,000 | 8,214,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -3,503,000 | 3,047,000 | 13,401,000 | 5,516,000 | -1,995,000 | 10,846,000 | 9,968,000 | 221,000 | -101,722,000 | 12,647,000 | 25,446,000 | 29,374,000 | 8,481,000 | 6,438,000 | 19,793,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -4,108,000 | -3,415,000 | 4,108,000 | -18,225,000 | 108,000 | 3,215,000 | 1,159,000 | 13,743,000 | |||||||
| Hire Purchase and Lease Commitments | 49,000 | -5,406,000 | 5,406,000 | -552,000 | 501,000 | 51,000 | |||||||||
| other long term liabilities | -778,000 | 778,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | -4,000 | -10,000 | -7,000 | -26,000 | -98,000 | -170,000 | -108,000 | -117,000 | -107,000 | -62,000 | 91,000 | 560,000 | 312,000 | 384,000 | 287,000 |
| cash flow from financing | -3,458,000 | 3,037,000 | 10,762,000 | 2,075,000 | -3,391,000 | -2,143,000 | 9,968,000 | 3,319,000 | -100,670,000 | 25,541,000 | 25,763,000 | 30,435,000 | 8,844,000 | 6,822,000 | 27,443,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 15,000 | -2,000 | -322,000 | -320,000 | -742,000 | -705,000 | 767,000 | -262,000 | -121,297,000 | 27,082,000 | 20,137,000 | 27,200,000 | 15,955,000 | 14,710,000 | 17,481,000 |
| overdraft | |||||||||||||||
| change in cash | 15,000 | -2,000 | -322,000 | -320,000 | -742,000 | -705,000 | 767,000 | -262,000 | -121,297,000 | 27,082,000 | 20,137,000 | 27,200,000 | 15,955,000 | 14,710,000 | 17,481,000 |
rathbone kear limited Credit Report and Business Information
Rathbone Kear Limited Competitor Analysis
Perform a competitor analysis for rathbone kear limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BD3 area or any other competitors across 12 key performance metrics.
rathbone kear limited Ownership
RATHBONE KEAR LIMITED group structure
Rathbone Kear Limited has 1 subsidiary company.
Ultimate parent company
MARKET21 HOLDINGS LP
#0155912
2 parents
RATHBONE KEAR LIMITED
05417123
1 subsidiary
rathbone kear limited directors
Rathbone Kear Limited currently has 3 directors. The longest serving directors include Mr Andrew Thornber (Feb 2016) and Miss Elizabeth Taylor (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Thornber | England | 50 years | Feb 2016 | - | Director |
| Miss Elizabeth Taylor | United Kingdom | 44 years | Nov 2020 | - | Director |
| Mr Maz Ahmed | United Kingdom | 45 years | Dec 2021 | - | Director |
P&L
October 2023turnover
70.6m
+13%
operating profit
-3.7m
-593%
gross margin
4.7%
-7.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
40m
-0.05%
total assets
84.4m
-0.07%
cash
17k
+7.5%
net assets
Total assets minus all liabilities
rathbone kear limited company details
company number
05417123
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
April 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
gweco 254 limited (April 2005)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
hilmore house, gain lane, bradford, west yorkshire, BD3 7DL
Bank
-
Legal Advisor
-
rathbone kear 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 1 charges/mortgages relating to rathbone kear limited. Currently there are 1 open charges and 0 have been satisfied in the past.
rathbone kear 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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rathbone kear limited Companies House Filings - See Documents
| date | description | view/download |
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