farmacy plc
farmacy plc Company Information
Company Number
05899807
Website
http://farmacy.plc.ukRegistered Address
farmacy services centre, sleaford road, lincoln, LN4 3PU
Industry
Support activities for crop production
Telephone
01526831000
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
hutchinson group ltd 100%
h l hutchinson ltd 0%
farmacy plc Estimated Valuation
Pomanda estimates the enterprise value of FARMACY PLC at £1.3m based on a Turnover of £7.8m and 0.16x industry multiple (adjusted for size and gross margin).
farmacy plc Estimated Valuation
Pomanda estimates the enterprise value of FARMACY PLC at £821.8k based on an EBITDA of £398k and a 2.07x industry multiple (adjusted for size and gross margin).
farmacy plc Estimated Valuation
Pomanda estimates the enterprise value of FARMACY PLC at £1.4m based on Net Assets of £1.4m and 1.05x industry multiple (adjusted for liquidity).
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Farmacy Plc Overview
Farmacy Plc is a live company located in lincoln, LN4 3PU with a Companies House number of 05899807. It operates in the support activities for crop production sector, SIC Code 01610. Founded in August 2006, it's largest shareholder is hutchinson group ltd with a 100% stake. Farmacy Plc is a established, mid sized company, Pomanda has estimated its turnover at £7.8m with healthy growth in recent years.
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Farmacy Plc Health Check
Pomanda's financial health check has awarded Farmacy Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £7.8m, make it larger than the average company (£4.6m)
£7.8m - Farmacy Plc
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (5.8%)
7% - Farmacy Plc
5.8% - Industry AVG
Production
with a gross margin of 5%, this company has a higher cost of product (22.1%)
5% - Farmacy Plc
22.1% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (5.1%)
3.1% - Farmacy Plc
5.1% - Industry AVG
Employees
with 65 employees, this is above the industry average (18)
65 - Farmacy Plc
18 - Industry AVG
Pay Structure
on an average salary of £82.7k, the company has a higher pay structure (£49.3k)
£82.7k - Farmacy Plc
£49.3k - Industry AVG
Efficiency
resulting in sales per employee of £120.4k, this is less efficient (£237.2k)
£120.4k - Farmacy Plc
£237.2k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (52 days)
36 days - Farmacy Plc
52 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (43 days)
0 days - Farmacy Plc
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Farmacy Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (9 weeks)
6 weeks - Farmacy Plc
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.1%, this is a lower level of debt than the average (54%)
25.1% - Farmacy Plc
54% - Industry AVG
farmacy plc Credit Report and Business Information
Farmacy Plc Competitor Analysis
Perform a competitor analysis for farmacy plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
farmacy plc Ownership
FARMACY PLC group structure
Farmacy Plc has 7 subsidiary companies.
Ultimate parent company
1 parent
FARMACY PLC
05899807
7 subsidiaries
farmacy plc directors
Farmacy Plc currently has 3 directors. The longest serving directors include Mr Michael Young (Aug 2007) and Mr Gordon McKechnie (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Young | 58 years | Aug 2007 | - | Director | |
| Mr Gordon McKechnie | England | 47 years | Oct 2020 | - | Director |
| Mr Edward Wilson | England | 41 years | Oct 2023 | - | Director |
FARMACY PLC financials
Farmacy Plc's latest turnover from December 2022 is £7.8 million and the company has net assets of £1.4 million. According to their latest financial statements, Farmacy Plc has 65 employees and maintains cash reserves of £55.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,825,841 | 6,880,720 | 6,254,210 | 6,459,843 | 6,880,527 | 5,294,564 | 5,086,756 | 4,911,000 | 4,829,000 | 4,300,000 | 4,174,000 | 3,664,000 | 3,569,000 | 3,510,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,431,096 | 6,519,853 | 6,026,156 | 6,036,399 | 6,506,107 | 5,045,149 | 4,797,848 | 4,565,000 | 4,503,000 | 4,020,000 | 3,941,000 | 3,496,000 | 3,400,000 | 3,347,000 |
| Gross Profit | 394,745 | 360,867 | 228,054 | 423,444 | 374,420 | 249,415 | 288,908 | 346,000 | 326,000 | 280,000 | 233,000 | 168,000 | 169,000 | 163,000 |
| Admin Expenses | 153,384 | 166,631 | 219,069 | 206,864 | 167,398 | 167,140 | 152,725 | 184,000 | 117,000 | 134,000 | 130,000 | 129,000 | 108,000 | 108,000 |
| Operating Profit | 241,361 | 194,236 | 8,985 | 216,580 | 207,022 | 82,275 | 136,183 | 162,000 | 209,000 | 146,000 | 103,000 | 39,000 | 61,000 | 55,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 268 | 184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 160 | 0 | 32 | 87 | 40 | 326 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 241,521 | 194,236 | 9,015 | 216,667 | 206,794 | 82,417 | 136,183 | 162,000 | 209,000 | 146,000 | 103,000 | 39,000 | 61,000 | 55,000 |
| Tax | -76,339 | -71,633 | -39,341 | -78,968 | -70,821 | -33,434 | -37,465 | -40,000 | -45,000 | -34,000 | -22,000 | -9,000 | -15,000 | -11,000 |
| Profit After Tax | 165,182 | 122,603 | -30,326 | 137,699 | 135,973 | 48,983 | 98,718 | 122,000 | 164,000 | 112,000 | 81,000 | 30,000 | 46,000 | 44,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 165,182 | 122,603 | -30,326 | 137,699 | 135,973 | 48,983 | 98,718 | 122,000 | 164,000 | 112,000 | 81,000 | 30,000 | 46,000 | 44,000 |
| Employee Costs | 5,378,610 | 4,579,162 | 4,223,094 | 4,488,888 | 4,598,440 | 3,820,559 | 3,552,551 | 3,536,000 | 3,501,000 | 3,093,000 | 3,072,000 | 2,712,000 | 2,428,000 | 2,414,000 |
| Number Of Employees | 65 | 65 | 64 | 62 | 60 | 50 | 52 | 49 | 42 | 40 | 34 | 31 | 29 | 36 |
| EBITDA* | 397,952 | 374,822 | 206,078 | 410,792 | 383,805 | 161,923 | 136,225 | 200,000 | 210,000 | 146,000 | 104,000 | 46,000 | 70,000 | 63,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,210 | 344 | 666 | 11,622 | 6,948 | 2,605 | 3,462 | 0 | 1,000 | 1,000 | 0 | 2,000 | 8,000 | 16,000 |
| Intangible Assets | 131,221 | 211,696 | 391,960 | 578,097 | 529,898 | 647,101 | 126,005 | 167,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,204 | 1,204 | 1,504 | 1,470,051 | 1,487,965 | 766,507 | 104,326 | 104,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 134,635 | 213,244 | 394,130 | 2,059,770 | 2,024,811 | 1,416,213 | 233,793 | 271,000 | 1,000 | 1,000 | 0 | 2,000 | 8,000 | 16,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 783,393 | 772,968 | 795,547 | 723,667 | 1,439,486 | 1,470,298 | 1,246,333 | 1,189,000 | 930,000 | 865,000 | 919,000 | 811,000 | 712,000 | 657,000 |
| Group Debtors | 718,332 | 261,856 | 217,024 | 102,766 | 54,891 | 49,999 | 246,541 | 50,000 | 157,000 | 107,000 | 50,000 | 50,000 | 50,000 | 67,000 |
| Misc Debtors | 111,938 | 91,535 | 109,893 | 5,019 | 6,866 | 46,061 | 0 | 3,000 | 0 | 0 | 7,000 | 7,000 | 7,000 | 9,000 |
| Cash | 55,719 | 124,511 | 148,693 | 818,487 | 805,160 | 333,400 | 149,185 | 413,000 | 255,000 | 173,000 | 32,000 | 53,000 | 32,000 | 46,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,669,382 | 1,250,870 | 1,271,157 | 1,649,939 | 2,306,403 | 1,899,758 | 1,642,059 | 1,655,000 | 1,342,000 | 1,145,000 | 1,008,000 | 921,000 | 801,000 | 779,000 |
| total assets | 1,804,017 | 1,464,114 | 1,665,287 | 3,709,709 | 4,331,214 | 3,315,971 | 1,875,852 | 1,926,000 | 1,343,000 | 1,146,000 | 1,008,000 | 923,000 | 809,000 | 795,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,031 | 1,408 | 35,799 | 32,055 | 10,719 | 5,098 | 13,808 | 11,000 | 6,000 | 26,000 | 5,000 | 10,000 | 9,000 | 5,000 |
| Group/Directors Accounts | 1,202 | 1,202 | 344,636 | 2,347,239 | 2,283,573 | 1,332,018 | 104,324 | 264,000 | 0 | 0 | 31,000 | 98,000 | 68,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 433,370 | 276,272 | 222,223 | 237,460 | 1,081,666 | 1,159,572 | 987,420 | 979,000 | 787,000 | 734,000 | 698,000 | 622,000 | 569,000 | 673,000 |
| total current liabilities | 453,603 | 278,882 | 602,658 | 2,616,754 | 3,375,958 | 2,496,688 | 1,105,552 | 1,254,000 | 793,000 | 760,000 | 734,000 | 730,000 | 646,000 | 678,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 453,603 | 278,882 | 602,658 | 2,616,754 | 3,375,958 | 2,496,688 | 1,105,552 | 1,254,000 | 793,000 | 760,000 | 734,000 | 730,000 | 646,000 | 678,000 |
| net assets | 1,350,414 | 1,185,232 | 1,062,629 | 1,092,955 | 955,256 | 819,283 | 770,300 | 672,000 | 550,000 | 386,000 | 274,000 | 193,000 | 163,000 | 117,000 |
| total shareholders funds | 1,350,414 | 1,185,232 | 1,062,629 | 1,092,955 | 955,256 | 819,283 | 770,300 | 672,000 | 550,000 | 386,000 | 274,000 | 193,000 | 163,000 | 117,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 241,361 | 194,236 | 8,985 | 216,580 | 207,022 | 82,275 | 136,183 | 162,000 | 209,000 | 146,000 | 103,000 | 39,000 | 61,000 | 55,000 |
| Depreciation | 1,116 | 322 | 10,956 | 3,997 | 4,335 | 1,104 | 1 | 1,000 | 1,000 | 1,000 | 7,000 | 9,000 | 8,000 | |
| Amortisation | 155,475 | 180,264 | 186,137 | 190,215 | 172,448 | 78,544 | 41 | 37,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -76,339 | -71,633 | -39,341 | -78,968 | -70,821 | -33,434 | -37,465 | -40,000 | -45,000 | -34,000 | -22,000 | -9,000 | -15,000 | -11,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 487,304 | 3,895 | 291,012 | -669,791 | -65,115 | 73,484 | 250,874 | 155,000 | 115,000 | -4,000 | 108,000 | 99,000 | 36,000 | 733,000 |
| Creditors | 17,623 | -34,391 | 3,744 | 21,336 | 5,621 | -8,710 | 2,808 | 5,000 | -20,000 | 21,000 | -5,000 | 1,000 | 4,000 | 5,000 |
| Accruals and Deferred Income | 157,098 | 54,049 | -15,237 | -844,206 | -77,906 | 172,152 | 8,420 | 192,000 | 53,000 | 36,000 | 76,000 | 53,000 | -104,000 | 673,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,030 | 318,952 | -135,768 | 178,745 | 305,814 | 218,447 | -140,886 | 202,000 | 83,000 | 45,000 | -8,000 | -81,000 | -3,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,354,414 | -845,008 | -4,100 | -194,000 | -1,000 | -1,000 | 1,000 | -1,000 | 0 | -18,000 |
| Change in Investments | 0 | -300 | -1,468,547 | -17,914 | 721,458 | 662,181 | 326 | 104,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 300 | 1,468,547 | 17,914 | -2,075,872 | -1,507,189 | -4,426 | -298,000 | -1,000 | -1,000 | 1,000 | -1,000 | 0 | -18,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -343,434 | -2,002,603 | 63,666 | 951,555 | 1,227,694 | -159,676 | 264,000 | 0 | -31,000 | -67,000 | 30,000 | 68,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 160 | 0 | 32 | 87 | -228 | 142 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 160 | -343,434 | -2,002,571 | 63,753 | 951,327 | 1,227,836 | -160,094 | 264,000 | 0 | -31,000 | -67,000 | 30,000 | 68,000 | 73,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -68,792 | -24,182 | -669,794 | 13,327 | 471,760 | 184,215 | -263,815 | 158,000 | 82,000 | 141,000 | -21,000 | 21,000 | -14,000 | 46,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -68,792 | -24,182 | -669,794 | 13,327 | 471,760 | 184,215 | -263,815 | 158,000 | 82,000 | 141,000 | -21,000 | 21,000 | -14,000 | 46,000 |
P&L
December 2022turnover
7.8m
+14%
operating profit
241.4k
+24%
gross margin
5.1%
-3.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.4m
+0.14%
total assets
1.8m
+0.23%
cash
55.7k
-0.55%
net assets
Total assets minus all liabilities
farmacy plc company details
company number
05899807
Type
Public limited with Share Capital
industry
01610 - Support activities for crop production
incorporation date
August 2006
age
18
accounts
Full Accounts
ultimate parent company
previous names
jestpark plc (August 2007)
incorporated
UK
address
farmacy services centre, sleaford road, lincoln, LN4 3PU
last accounts submitted
December 2022
farmacy plc 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 farmacy plc. Currently there are 1 open charges and 0 have been satisfied in the past.
farmacy plc Companies House Filings - See Documents
| date | description | view/download |
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