park cakes limited
park cakes limited Company Information
Company Number
05998327
Website
www.parkcakes.comRegistered Address
ashton road, oldham, lancashire, OL8 2ND
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Telephone
01616331181
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
park cakes acquisition limited 100%
george james walsh 0%
View Allpark cakes limited Estimated Valuation
Pomanda estimates the enterprise value of PARK CAKES LIMITED at £216m based on a Turnover of £195m and 1.11x industry multiple (adjusted for size and gross margin).
park cakes limited Estimated Valuation
Pomanda estimates the enterprise value of PARK CAKES LIMITED at £27.9m based on an EBITDA of £3.1m and a 9.04x industry multiple (adjusted for size and gross margin).
park cakes limited Estimated Valuation
Pomanda estimates the enterprise value of PARK CAKES LIMITED at £0 based on Net Assets of £-5.2m and 2.19x industry multiple (adjusted for liquidity).
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Park Cakes Limited Overview
Park Cakes Limited is a live company located in lancashire, OL8 2ND with a Companies House number of 05998327. It operates in the manufacture of bread sector, SIC Code 10710. Founded in November 2006, it's largest shareholder is park cakes acquisition limited with a 100% stake. Park Cakes Limited is a established, mega sized company, Pomanda has estimated its turnover at £195m with healthy growth in recent years.
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Park Cakes Limited Health Check
Pomanda's financial health check has awarded Park Cakes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £195m, make it larger than the average company (£15.2m)
£195m - Park Cakes Limited
£15.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.2%)
6% - Park Cakes Limited
6.2% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (28.4%)
28.2% - Park Cakes Limited
28.4% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (2.7%)
0.1% - Park Cakes Limited
2.7% - Industry AVG
Employees
with 1853 employees, this is above the industry average (205)
1853 - Park Cakes Limited
205 - Industry AVG
Pay Structure
on an average salary of £27.2k, the company has an equivalent pay structure (£27.4k)
£27.2k - Park Cakes Limited
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £105.2k, this is equally as efficient (£96.6k)
£105.2k - Park Cakes Limited
£96.6k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (43 days)
25 days - Park Cakes Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (40 days)
65 days - Park Cakes Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 24 days, this is in line with average (24 days)
24 days - Park Cakes Limited
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (13 weeks)
2 weeks - Park Cakes Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.9%, this is a higher level of debt than the average (57.1%)
109.9% - Park Cakes Limited
57.1% - Industry AVG
park cakes limited Credit Report and Business Information
Park Cakes Limited Competitor Analysis
Perform a competitor analysis for park cakes limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
park cakes limited Ownership
PARK CAKES LIMITED group structure
Park Cakes Limited has no subsidiary companies.
Ultimate parent company
2 parents
PARK CAKES LIMITED
05998327
park cakes limited directors
Park Cakes Limited currently has 4 directors. The longest serving directors include Mr Gareth Voyle (Nov 2014) and Mr Ken McGill (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Voyle | 64 years | Nov 2014 | - | Director | |
| Mr Ken McGill | 66 years | Nov 2014 | - | Director | |
| Mr Paul Morton | England | 50 years | Mar 2015 | - | Director |
| Mr Andrew Parsons | 48 years | Mar 2017 | - | Director |
PARK CAKES LIMITED financials
Park Cakes Limited's latest turnover from April 2023 is £195 million and the company has net assets of -£5.2 million. According to their latest financial statements, Park Cakes Limited has 1,853 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 194,982,000 | 164,741,000 | 141,837,000 | 161,932,000 | 169,006,000 | 170,530,000 | 162,192,000 | 158,029,000 | 141,316,000 | 112,245,000 | 116,854,000 | 121,185,000 | 109,142,000 | 100,343,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 140,039,000 | 113,915,000 | 98,922,000 | 110,583,000 | 121,879,000 | 124,461,000 | 114,491,000 | 106,834,000 | 101,531,000 | 78,824,000 | 83,645,000 | 87,504,000 | 76,649,000 | 69,772,000 |
| Gross Profit | 54,943,000 | 50,826,000 | 42,915,000 | 51,349,000 | 47,127,000 | 46,069,000 | 47,701,000 | 51,195,000 | 39,785,000 | 33,421,000 | 33,209,000 | 33,681,000 | 32,493,000 | 30,571,000 |
| Admin Expenses | 54,719,000 | 49,066,000 | 42,110,000 | 46,754,000 | 47,159,000 | 45,083,000 | 45,580,000 | 48,446,000 | 50,047,000 | 33,423,000 | 30,673,000 | 34,368,000 | 31,319,000 | 37,652,000 |
| Operating Profit | 224,000 | 1,760,000 | 805,000 | 4,595,000 | -32,000 | 986,000 | 2,121,000 | 2,749,000 | -10,262,000 | -2,000 | 2,536,000 | -687,000 | 1,174,000 | -7,081,000 |
| Interest Payable | 1,760,000 | 944,000 | 1,485,000 | 1,988,000 | 1,208,000 | 1,101,000 | 1,220,000 | 1,706,000 | 2,042,000 | 3,042,000 | 3,799,000 | 3,553,000 | 2,998,000 | 3,093,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 849,000 | 873,000 | 274,000 | 421,000 |
| Pre-Tax Profit | -1,536,000 | 816,000 | -680,000 | 2,607,000 | -1,240,000 | -115,000 | 901,000 | 1,043,000 | -12,304,000 | -3,044,000 | -414,000 | -3,367,000 | -1,550,000 | -9,753,000 |
| Tax | 633,000 | -1,100,000 | 99,000 | 140,000 | 270,000 | 172,000 | -1,121,000 | 1,557,000 | 1,982,000 | 0 | -1,012,000 | 0 | -27,000 | 1,039,000 |
| Profit After Tax | -903,000 | -284,000 | -581,000 | 2,747,000 | -970,000 | 57,000 | -220,000 | 2,600,000 | -10,322,000 | -3,044,000 | -1,426,000 | -3,367,000 | -1,577,000 | -8,714,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -903,000 | -284,000 | -581,000 | 2,747,000 | -970,000 | 57,000 | -220,000 | 2,600,000 | -10,322,000 | -3,044,000 | -1,426,000 | -3,367,000 | -1,577,000 | -8,714,000 |
| Employee Costs | 50,414,000 | 45,376,000 | 43,955,000 | 41,086,000 | 39,227,000 | 36,413,000 | 36,377,000 | 33,076,000 | 32,305,000 | 24,558,000 | 25,566,000 | 26,060,000 | 24,162,000 | 25,726,000 |
| Number Of Employees | 1,853 | 1,720 | 1,640 | 1,652 | 1,614 | 1,445 | 1,429 | 1,377 | 1,346 | 968 | 1,140 | 1,086 | 1,078 | 1,173 |
| EBITDA* | 3,090,000 | 4,545,000 | 3,361,000 | 6,997,000 | 3,001,000 | 4,077,000 | 5,194,000 | 6,759,000 | -8,095,000 | 2,205,000 | 4,440,000 | 1,063,000 | 2,694,000 | -5,666,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,723,000 | 18,343,000 | 17,681,000 | 18,656,000 | 18,145,000 | 18,386,000 | 18,640,000 | 14,268,000 | 15,568,000 | 12,999,000 | 14,210,000 | 16,492,000 | 17,540,000 | 19,062,000 |
| Intangible Assets | -114,000 | -165,000 | -231,000 | -316,000 | -426,000 | -567,000 | -749,000 | -1,119,000 | -1,793,000 | -2,751,000 | -3,863,000 | -5,153,000 | 0 | -8,677,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 17,609,000 | 18,178,000 | 17,450,000 | 18,340,000 | 17,719,000 | 17,819,000 | 17,891,000 | 13,149,000 | 13,775,000 | 10,248,000 | 10,347,000 | 11,339,000 | 17,540,000 | 10,385,000 |
| Stock & work in progress | 9,508,000 | 9,223,000 | 6,155,000 | 8,226,000 | 6,528,000 | 7,221,000 | 8,497,000 | 5,528,000 | 5,469,000 | 3,801,000 | 3,333,000 | 4,402,000 | 3,264,000 | 3,065,000 |
| Trade Debtors | 13,758,000 | 11,084,000 | 9,013,000 | 10,614,000 | 9,898,000 | 14,279,000 | 13,174,000 | 13,125,000 | 11,680,000 | 7,435,000 | 12,001,000 | 11,981,000 | 9,643,000 | 7,716,000 |
| Group Debtors | 2,026,000 | 1,941,000 | 1,985,000 | 0 | 0 | 0 | 0 | 0 | 26,000 | 129,000 | 9,770,000 | 5,097,000 | 7,274,000 | 7,753,000 |
| Misc Debtors | 7,625,000 | 5,928,000 | 6,990,000 | 6,536,000 | 6,862,000 | 5,610,000 | 5,303,000 | 6,305,000 | 4,004,000 | 1,111,000 | 1,486,000 | 2,962,000 | 2,814,000 | 2,437,000 |
| Cash | 2,289,000 | 3,709,000 | 4,703,000 | 3,417,000 | 2,142,000 | 4,490,000 | 5,194,000 | 2,350,000 | 654,000 | 4,158,000 | 2,995,000 | 4,441,000 | 4,282,000 | 2,451,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 35,206,000 | 31,885,000 | 28,846,000 | 28,793,000 | 25,430,000 | 31,600,000 | 32,168,000 | 27,308,000 | 21,833,000 | 16,634,000 | 29,585,000 | 28,883,000 | 27,277,000 | 23,422,000 |
| total assets | 52,815,000 | 50,063,000 | 46,296,000 | 47,133,000 | 43,149,000 | 49,419,000 | 50,059,000 | 40,457,000 | 35,608,000 | 26,882,000 | 39,932,000 | 40,222,000 | 44,817,000 | 33,807,000 |
| Bank overdraft | 13,586,000 | 19,789,000 | 10,214,000 | 13,820,000 | 9,513,000 | 20,261,000 | 12,174,000 | 10,233,000 | 8,044,000 | 5,269,000 | 9,480,000 | 11,455,000 | 10,602,000 | 8,651,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,120,000 | 22,597,000 | 18,047,000 | 19,998,000 | 20,360,000 | 25,626,000 | 25,047,000 | 19,592,000 | 20,139,000 | 12,704,000 | 12,668,000 | 13,667,000 | 12,020,000 | 10,573,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 3,606,000 | 3,014,000 | 458,000 | 1,947,000 | 11,570,000 | 9,736,000 | 879,000 | 189,000 | 189,000 | 28,691,000 | 27,539,000 |
| other short term finances | 0 | 0 | 62,000 | 29,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 176,000 | 187,000 | 175,000 | 410,000 | 1,001,000 | 1,113,000 | 721,000 | 106,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,967,000 | 7,571,000 | 10,899,000 | 7,610,000 | 5,640,000 | 4,347,000 | 3,781,000 | 3,816,000 | 5,336,000 | 3,684,000 | 4,594,000 | 5,395,000 | 5,128,000 | 3,942,000 |
| total current liabilities | 44,849,000 | 50,144,000 | 39,397,000 | 45,473,000 | 39,528,000 | 51,805,000 | 43,670,000 | 45,317,000 | 43,255,000 | 22,536,000 | 26,931,000 | 30,706,000 | 56,441,000 | 50,705,000 |
| loans | 10,375,000 | 2,137,000 | 9,098,000 | 3,150,000 | 7,732,000 | 0 | 8,800,000 | 0 | 0 | 30,658,000 | 36,269,000 | 31,358,000 | 0 | 0 |
| hp & lease commitments | 241,000 | 417,000 | 200,000 | 375,000 | 547,000 | 1,346,000 | 1,421,000 | 187,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 397,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 1,568,000 | 1,522,000 | 1,478,000 | 1,435,000 | 0 | 0 | 0 | 0 | 0 | 6,851,000 | 0 |
| provisions | 2,154,000 | 1,663,000 | 1,615,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 13,167,000 | 4,217,000 | 10,913,000 | 5,093,000 | 9,801,000 | 2,824,000 | 11,656,000 | 187,000 | 0 | 30,658,000 | 36,269,000 | 31,358,000 | 6,851,000 | 0 |
| total liabilities | 58,016,000 | 54,361,000 | 50,310,000 | 50,566,000 | 49,329,000 | 54,629,000 | 55,326,000 | 45,504,000 | 43,255,000 | 53,194,000 | 63,200,000 | 62,064,000 | 63,292,000 | 50,705,000 |
| net assets | -5,201,000 | -4,298,000 | -4,014,000 | -3,433,000 | -6,180,000 | -5,210,000 | -5,267,000 | -5,047,000 | -7,647,000 | -26,312,000 | -23,268,000 | -21,842,000 | -18,475,000 | -16,898,000 |
| total shareholders funds | -5,201,000 | -4,298,000 | -4,014,000 | -3,433,000 | -6,180,000 | -5,210,000 | -5,267,000 | -5,047,000 | -7,647,000 | -26,312,000 | -23,268,000 | -21,842,000 | -18,475,000 | -16,898,000 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 224,000 | 1,760,000 | 805,000 | 4,595,000 | -32,000 | 986,000 | 2,121,000 | 2,749,000 | -10,262,000 | -2,000 | 2,536,000 | -687,000 | 1,174,000 | -7,081,000 |
| Depreciation | 2,815,000 | 2,719,000 | 2,471,000 | 2,512,000 | 2,892,000 | 2,909,000 | 2,703,000 | 3,336,000 | 3,125,000 | 3,319,000 | 3,194,000 | 3,448,000 | 3,346,000 | 3,406,000 |
| Amortisation | 51,000 | 66,000 | 85,000 | -110,000 | 141,000 | 182,000 | 370,000 | 674,000 | -958,000 | -1,112,000 | -1,290,000 | -1,698,000 | -1,826,000 | -1,991,000 |
| Tax | 633,000 | -1,100,000 | 99,000 | 140,000 | 270,000 | 172,000 | -1,121,000 | 1,557,000 | 1,982,000 | 0 | -1,012,000 | 0 | -27,000 | 1,039,000 |
| Stock | 285,000 | 3,068,000 | -2,071,000 | 1,698,000 | -693,000 | -1,276,000 | 2,969,000 | 59,000 | 1,668,000 | 468,000 | -1,069,000 | 1,138,000 | 199,000 | 3,065,000 |
| Debtors | 4,456,000 | 965,000 | 838,000 | 390,000 | -3,129,000 | 1,412,000 | -953,000 | 3,720,000 | 7,035,000 | -14,582,000 | 3,217,000 | 309,000 | 1,825,000 | 17,906,000 |
| Creditors | 2,523,000 | 4,550,000 | -1,951,000 | -362,000 | -5,266,000 | 579,000 | 5,455,000 | -547,000 | 7,435,000 | 36,000 | -999,000 | 1,647,000 | 1,447,000 | 10,573,000 |
| Accruals and Deferred Income | -1,207,000 | -3,328,000 | 3,289,000 | 1,970,000 | 1,293,000 | 566,000 | -35,000 | -1,520,000 | 1,652,000 | -910,000 | -801,000 | 267,000 | 1,186,000 | 3,942,000 |
| Deferred Taxes & Provisions | 491,000 | 48,000 | 1,615,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 789,000 | 682,000 | 7,646,000 | 6,657,000 | 3,120,000 | 5,258,000 | 7,477,000 | 2,470,000 | -5,729,000 | 15,445,000 | -520,000 | 1,530,000 | 3,276,000 | -11,083,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -3,606,000 | 592,000 | 2,556,000 | -1,489,000 | -9,623,000 | 1,834,000 | 8,857,000 | 690,000 | 0 | -28,502,000 | 1,152,000 | 27,539,000 |
| Other Short Term Loans | 0 | -62,000 | 33,000 | 29,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 8,238,000 | -6,961,000 | 5,948,000 | -4,582,000 | 7,732,000 | -8,800,000 | 8,800,000 | 0 | -30,658,000 | -5,611,000 | 4,911,000 | 31,358,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | -187,000 | 229,000 | -410,000 | -763,000 | -911,000 | 317,000 | 1,849,000 | 293,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -1,568,000 | 46,000 | 44,000 | 43,000 | 1,435,000 | 0 | 0 | 0 | 0 | -6,851,000 | 6,851,000 | 0 |
| share issue | ||||||||||||||
| interest | -1,760,000 | -944,000 | -1,485,000 | -1,988,000 | -1,208,000 | -1,101,000 | -1,220,000 | -1,706,000 | -2,042,000 | -3,042,000 | -2,950,000 | -2,680,000 | -2,724,000 | -2,672,000 |
| cash flow from financing | 6,291,000 | -7,738,000 | -1,088,000 | -6,666,000 | 8,213,000 | -11,030,000 | 1,241,000 | 421,000 | 5,144,000 | -7,963,000 | 1,961,000 | -6,675,000 | 5,279,000 | 16,683,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -1,420,000 | -994,000 | 1,286,000 | 1,275,000 | -2,348,000 | -704,000 | 2,844,000 | 1,696,000 | -3,504,000 | 1,163,000 | -1,446,000 | 159,000 | 1,831,000 | 2,451,000 |
| overdraft | -6,203,000 | 9,575,000 | -3,606,000 | 4,307,000 | -10,748,000 | 8,087,000 | 1,941,000 | 2,189,000 | 2,775,000 | -4,211,000 | -1,975,000 | 853,000 | 1,951,000 | 8,651,000 |
| change in cash | 4,783,000 | -10,569,000 | 4,892,000 | -3,032,000 | 8,400,000 | -8,791,000 | 903,000 | -493,000 | -6,279,000 | 5,374,000 | 529,000 | -694,000 | -120,000 | -6,200,000 |
P&L
April 2023turnover
195m
+18%
operating profit
224k
-87%
gross margin
28.2%
-8.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-5.2m
+0.21%
total assets
52.8m
+0.05%
cash
2.3m
-0.38%
net assets
Total assets minus all liabilities
park cakes limited company details
company number
05998327
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
November 2006
age
18
accounts
Full Accounts
ultimate parent company
previous names
caterpillar acquisition 2 limited (January 2007)
incorporated
UK
address
ashton road, oldham, lancashire, OL8 2ND
last accounts submitted
April 2023
park cakes 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 34 charges/mortgages relating to park cakes limited. Currently there are 23 open charges and 11 have been satisfied in the past.
park cakes limited Companies House Filings - See Documents
| date | description | view/download |
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