pork farms limited
pork farms limited Company Information
Company Number
05998346
Website
http://www.compleatfood.comRegistered Address
tottle bakery queens drive, nottingham, NG2 1LU
Industry
Manufacture of other food products n.e.c.
Telephone
01159866541
Next Accounts Due
December 2024
Group Structure
View All
Directors
Thomas Riley0 Years
Shareholders
addo food group ltd 100%
pork farms limited Estimated Valuation
Pomanda estimates the enterprise value of PORK FARMS LIMITED at £339.6m based on a Turnover of £249.9m and 1.36x industry multiple (adjusted for size and gross margin).
pork farms limited Estimated Valuation
Pomanda estimates the enterprise value of PORK FARMS LIMITED at £108.7m based on an EBITDA of £11.5m and a 9.48x industry multiple (adjusted for size and gross margin).
pork farms limited Estimated Valuation
Pomanda estimates the enterprise value of PORK FARMS LIMITED at £0 based on Net Assets of £-11.2m and 2.09x industry multiple (adjusted for liquidity).
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Pork Farms Limited Overview
Pork Farms Limited is a live company located in nottingham, NG2 1LU with a Companies House number of 05998346. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in November 2006, it's largest shareholder is addo food group ltd with a 100% stake. Pork Farms Limited is a established, mega sized company, Pomanda has estimated its turnover at £249.9m with healthy growth in recent years.
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Pork Farms Limited Health Check
Pomanda's financial health check has awarded Pork Farms Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £249.9m, make it larger than the average company (£23m)
£249.9m - Pork Farms Limited
£23m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5%)
11% - Pork Farms Limited
5% - Industry AVG
Production
with a gross margin of 25.5%, this company has a comparable cost of product (24.6%)
25.5% - Pork Farms Limited
24.6% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (3.8%)
2.1% - Pork Farms Limited
3.8% - Industry AVG
Employees
with 1635 employees, this is above the industry average (119)
1635 - Pork Farms Limited
119 - Industry AVG
Pay Structure
on an average salary of £33.2k, the company has an equivalent pay structure (£35.5k)
£33.2k - Pork Farms Limited
£35.5k - Industry AVG
Efficiency
resulting in sales per employee of £152.8k, this is less efficient (£194.9k)
£152.8k - Pork Farms Limited
£194.9k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (47 days)
16 days - Pork Farms Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is close to average (48 days)
49 days - Pork Farms Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (50 days)
16 days - Pork Farms Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (5 weeks)
1 weeks - Pork Farms Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.6%, this is a higher level of debt than the average (60%)
106.6% - Pork Farms Limited
60% - Industry AVG
pork farms limited Credit Report and Business Information
Pork Farms Limited Competitor Analysis
Perform a competitor analysis for pork farms limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pork farms limited Ownership
PORK FARMS LIMITED group structure
Pork Farms Limited has no subsidiary companies.
Ultimate parent company
PAI EUROPE VII FINANCE SARL
#0127783
2 parents
PORK FARMS LIMITED
05998346
pork farms limited directors
Pork Farms Limited currently has 1 director, Mr Thomas Riley serving since Jan 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Riley | England | 45 years | Jan 2024 | - | Director |
PORK FARMS LIMITED financials
Pork Farms Limited's latest turnover from March 2023 is £249.9 million and the company has net assets of -£11.2 million. According to their latest financial statements, Pork Farms Limited has 1,635 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 249,888,000 | 230,880,000 | 206,520,000 | 184,736,000 | 199,117,000 | 187,410,000 | 166,918,000 | 152,360,000 | 158,427,000 | 152,581,000 | 152,128,000 | 145,412,000 | 134,047,000 | 125,487,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 186,223,000 | 166,425,000 | 152,907,000 | 135,721,000 | 150,448,000 | 137,242,000 | 116,238,000 | 107,846,000 | 120,342,000 | 113,129,000 | 115,541,000 | 113,321,000 | 104,963,000 | 99,945,000 |
| Gross Profit | 63,665,000 | 64,455,000 | 53,613,000 | 49,015,000 | 48,669,000 | 50,168,000 | 50,680,000 | 44,514,000 | 38,085,000 | 39,452,000 | 36,587,000 | 32,091,000 | 29,084,000 | 25,542,000 |
| Admin Expenses | 58,373,000 | 44,962,000 | 44,142,000 | 40,947,000 | 39,301,000 | 38,185,000 | 37,134,000 | 37,762,000 | 35,413,000 | 35,221,000 | 33,711,000 | 31,012,000 | 31,108,000 | 31,635,000 |
| Operating Profit | 5,292,000 | 19,493,000 | 9,471,000 | 8,068,000 | 9,368,000 | 11,983,000 | 13,546,000 | 6,752,000 | 2,672,000 | 4,231,000 | 2,876,000 | 1,079,000 | -2,024,000 | -6,093,000 |
| Interest Payable | 11,629,000 | 10,370,000 | 9,498,000 | 9,041,000 | 6,772,000 | 6,545,000 | 7,838,000 | 7,242,000 | 11,773,000 | 16,492,000 | 16,792,000 | 14,775,000 | 10,345,000 | 7,740,000 |
| Interest Receivable | 7,299,000 | 4,652,000 | 2,993,000 | 2,167,000 | 1,084,000 | 7,000 | 246,000 | 6,000 | 6,000 | 8,000 | 1,139,000 | 1,055,000 | 639,000 | 529,000 |
| Pre-Tax Profit | 962,000 | 13,775,000 | 2,966,000 | 1,194,000 | 3,680,000 | 5,445,000 | 5,954,000 | -484,000 | 53,762,000 | -12,248,000 | -12,780,000 | -12,799,000 | -11,695,000 | -13,265,000 |
| Tax | 280,000 | -2,826,000 | -380,000 | 393,000 | -1,547,000 | 1,274,000 | 400,000 | -1,904,000 | 825,000 | -2,510,000 | 4,547,000 | 645,000 | 1,762,000 | 0 |
| Profit After Tax | 1,242,000 | 10,949,000 | 2,586,000 | 1,587,000 | 2,133,000 | 6,719,000 | 6,354,000 | -2,388,000 | 54,587,000 | -14,758,000 | -8,233,000 | -12,154,000 | -9,933,000 | -13,265,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,242,000 | 10,949,000 | 2,586,000 | 1,587,000 | 2,133,000 | 6,719,000 | 6,354,000 | -2,388,000 | 54,587,000 | -14,758,000 | -8,233,000 | -12,154,000 | -9,933,000 | -13,265,000 |
| Employee Costs | 54,238,000 | 55,775,000 | 49,756,000 | 44,816,000 | 46,309,000 | 42,169,000 | 39,280,000 | 36,472,000 | 38,957,000 | 37,822,000 | 35,123,000 | 34,934,000 | 32,960,000 | 37,821,000 |
| Number Of Employees | 1,635 | 1,647 | 1,693 | 1,553 | 1,596 | 1,432 | 1,360 | 1,333 | 1,445 | 1,412 | 1,439 | 1,384 | 1,369 | 1,502 |
| EBITDA* | 11,460,000 | 26,566,000 | 15,890,000 | 14,266,000 | 13,143,000 | 16,689,000 | 18,171,000 | 11,692,000 | 18,703,000 | 10,263,000 | 6,598,000 | 4,686,000 | 1,784,000 | -2,172,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 62,874,000 | 59,065,000 | 58,937,000 | 59,018,000 | 22,389,000 | 20,594,000 | 18,178,000 | 19,535,000 | 21,849,000 | 22,569,000 | 23,087,000 | 22,242,000 | 24,618,000 | 27,382,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,071,000 | -2,231,000 | -3,392,000 | -4,574,000 | -5,735,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 81,193,000 | 66,577,000 | 39,604,000 | 3,885,000 | 3,492,000 | 5,039,000 | 2,600,000 | 1,922,000 | 3,787,000 | 3,112,000 | 4,938,000 | 1,366,000 | 0 | 0 |
| Total Fixed Assets | 144,067,000 | 125,642,000 | 98,541,000 | 62,903,000 | 25,881,000 | 25,633,000 | 20,778,000 | 21,457,000 | 25,636,000 | 24,610,000 | 25,794,000 | 20,216,000 | 20,044,000 | 21,647,000 |
| Stock & work in progress | 8,591,000 | 7,263,000 | 5,531,000 | 5,085,000 | 6,348,000 | 4,411,000 | 3,683,000 | 3,471,000 | 3,562,000 | 4,058,000 | 4,487,000 | 2,867,000 | 2,714,000 | 2,276,000 |
| Trade Debtors | 11,444,000 | 5,969,000 | 15,884,000 | 18,704,000 | 14,205,000 | 20,189,000 | 17,453,000 | 14,130,000 | 12,311,000 | 11,409,000 | 11,853,000 | 13,215,000 | 12,082,000 | 10,821,000 |
| Group Debtors | 0 | 0 | 0 | 25,502,000 | 17,687,000 | 496,000 | 9,675,000 | 0 | 8,000 | 783,000 | 9,462,000 | 8,337,000 | 7,307,000 | 5,901,000 |
| Misc Debtors | 3,827,000 | 3,110,000 | 2,290,000 | 1,379,000 | 2,267,000 | 2,233,000 | 3,681,000 | 3,708,000 | 6,454,000 | 2,653,000 | 3,505,000 | 3,340,000 | 3,884,000 | 1,886,000 |
| Cash | 1,606,000 | 4,920,000 | 4,215,000 | 10,103,000 | 5,243,000 | 11,883,000 | 17,153,000 | 14,547,000 | 5,895,000 | 8,224,000 | 6,647,000 | 6,498,000 | 4,268,000 | 3,522,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,468,000 | 21,262,000 | 27,920,000 | 60,773,000 | 45,750,000 | 39,212,000 | 51,645,000 | 35,856,000 | 28,230,000 | 27,127,000 | 35,954,000 | 34,257,000 | 30,255,000 | 24,406,000 |
| total assets | 169,535,000 | 146,904,000 | 126,461,000 | 123,676,000 | 71,631,000 | 64,845,000 | 72,423,000 | 57,313,000 | 53,866,000 | 51,737,000 | 61,748,000 | 54,473,000 | 50,299,000 | 46,053,000 |
| Bank overdraft | 0 | 0 | 0 | 8,395,000 | 2,952,000 | 7,078,000 | 13,109,000 | 10,408,000 | 9,442,000 | 9,291,000 | 8,087,000 | 8,489,000 | 9,260,000 | 16,254,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,267,000 | 19,355,000 | 19,371,000 | 18,094,000 | 18,340,000 | 16,669,000 | 16,820,000 | 16,562,000 | 16,193,000 | 15,524,000 | 15,729,000 | 13,375,000 | 12,391,000 | 10,428,000 |
| Group/Directors Accounts | 6,537,000 | 0 | 0 | 0 | 0 | 0 | 0 | 4,499,000 | 4,013,000 | 91,000 | 91,000 | 91,000 | 89,226,000 | 72,968,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,390,000 | 2,271,000 | 1,741,000 | 1,646,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,931,000 | 9,317,000 | 8,759,000 | 8,109,000 | 8,437,000 | 7,628,000 | 8,382,000 | 9,765,000 | 8,902,000 | 8,080,000 | 8,255,000 | 10,163,000 | 9,540,000 | 8,385,000 |
| total current liabilities | 45,125,000 | 30,943,000 | 29,871,000 | 36,244,000 | 29,729,000 | 31,375,000 | 38,311,000 | 41,234,000 | 38,550,000 | 32,986,000 | 32,162,000 | 32,118,000 | 120,417,000 | 108,035,000 |
| loans | 101,599,000 | 92,386,000 | 84,008,000 | 76,390,000 | 69,463,000 | 63,164,000 | 70,525,000 | 58,846,000 | 55,695,000 | 125,811,000 | 121,888,000 | 106,424,000 | 1,797,000 | 0 |
| hp & lease commitments | 34,008,000 | 36,014,000 | 35,970,000 | 37,016,000 | 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 | 135,607,000 | 128,400,000 | 119,978,000 | 113,406,000 | 69,463,000 | 63,164,000 | 70,525,000 | 58,846,000 | 55,695,000 | 125,811,000 | 121,888,000 | 106,424,000 | 1,797,000 | 0 |
| total liabilities | 180,732,000 | 159,343,000 | 149,849,000 | 149,650,000 | 99,192,000 | 94,539,000 | 108,836,000 | 100,080,000 | 94,245,000 | 158,797,000 | 154,050,000 | 138,542,000 | 122,214,000 | 108,035,000 |
| net assets | -11,197,000 | -12,439,000 | -23,388,000 | -25,974,000 | -27,561,000 | -29,694,000 | -36,413,000 | -42,767,000 | -40,379,000 | -107,060,000 | -92,302,000 | -84,069,000 | -71,915,000 | -61,982,000 |
| total shareholders funds | -11,197,000 | -12,439,000 | -23,388,000 | -25,974,000 | -27,561,000 | -29,694,000 | -36,413,000 | -42,767,000 | -40,379,000 | -107,060,000 | -92,302,000 | -84,069,000 | -71,915,000 | -61,982,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,292,000 | 19,493,000 | 9,471,000 | 8,068,000 | 9,368,000 | 11,983,000 | 13,546,000 | 6,752,000 | 2,672,000 | 4,231,000 | 2,876,000 | 1,079,000 | -2,024,000 | -6,093,000 |
| Depreciation | 6,168,000 | 7,073,000 | 6,419,000 | 6,198,000 | 3,775,000 | 4,706,000 | 4,625,000 | 4,940,000 | 4,671,000 | 4,872,000 | 4,883,000 | 4,789,000 | 4,969,000 | 5,081,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,360,000 | 1,160,000 | -1,161,000 | -1,182,000 | -1,161,000 | -1,160,000 |
| Tax | 280,000 | -2,826,000 | -380,000 | 393,000 | -1,547,000 | 1,274,000 | 400,000 | -1,904,000 | 825,000 | -2,510,000 | 4,547,000 | 645,000 | 1,762,000 | 0 |
| Stock | 1,328,000 | 1,732,000 | 446,000 | -1,263,000 | 1,937,000 | 728,000 | 212,000 | -91,000 | -496,000 | -429,000 | 1,620,000 | 153,000 | 438,000 | 2,276,000 |
| Debtors | 20,808,000 | 17,878,000 | 8,308,000 | 11,819,000 | 9,694,000 | -5,452,000 | 13,649,000 | -2,800,000 | 4,603,000 | -11,801,000 | 3,500,000 | 2,985,000 | 4,665,000 | 18,608,000 |
| Creditors | 5,912,000 | -16,000 | 1,277,000 | -246,000 | 1,671,000 | -151,000 | 258,000 | 369,000 | 669,000 | -205,000 | 2,354,000 | 984,000 | 1,963,000 | 10,428,000 |
| Accruals and Deferred Income | 1,614,000 | 558,000 | 650,000 | -328,000 | 809,000 | -754,000 | -1,383,000 | 863,000 | 822,000 | -175,000 | -1,908,000 | 623,000 | 1,155,000 | 8,385,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,870,000 | 4,672,000 | 8,683,000 | 3,529,000 | 2,445,000 | 21,782,000 | 3,585,000 | 13,911,000 | 16,912,000 | 19,603,000 | 6,471,000 | 3,800,000 | 1,561,000 | -4,243,000 |
| 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 | 6,537,000 | 0 | 0 | 0 | 0 | 0 | -4,499,000 | 486,000 | 3,922,000 | 0 | 0 | -89,135,000 | 16,258,000 | 72,968,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 9,213,000 | 8,378,000 | 7,618,000 | 6,927,000 | 6,299,000 | -7,361,000 | 11,679,000 | 3,151,000 | -70,116,000 | 3,923,000 | 15,464,000 | 104,627,000 | 1,797,000 | 0 |
| Hire Purchase and Lease Commitments | -1,887,000 | 574,000 | -951,000 | 38,662,000 | 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 | -4,330,000 | -5,718,000 | -6,505,000 | -6,874,000 | -5,688,000 | -6,538,000 | -7,592,000 | -7,236,000 | -11,767,000 | -16,484,000 | -15,653,000 | -13,720,000 | -9,706,000 | -7,211,000 |
| cash flow from financing | 9,533,000 | 3,234,000 | 162,000 | 38,715,000 | 611,000 | -13,899,000 | -412,000 | -3,599,000 | -65,867,000 | -12,561,000 | -189,000 | 1,772,000 | 8,349,000 | 17,040,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -3,314,000 | 705,000 | -5,888,000 | 4,860,000 | -6,640,000 | -5,270,000 | 2,606,000 | 8,652,000 | -2,329,000 | 1,577,000 | 149,000 | 2,230,000 | 746,000 | 3,522,000 |
| overdraft | 0 | 0 | -8,395,000 | 5,443,000 | -4,126,000 | -6,031,000 | 2,701,000 | 966,000 | 151,000 | 1,204,000 | -402,000 | -771,000 | -6,994,000 | 16,254,000 |
| change in cash | -3,314,000 | 705,000 | 2,507,000 | -583,000 | -2,514,000 | 761,000 | -95,000 | 7,686,000 | -2,480,000 | 373,000 | 551,000 | 3,001,000 | 7,740,000 | -12,732,000 |
P&L
March 2023turnover
249.9m
+8%
operating profit
5.3m
-73%
gross margin
25.5%
-8.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-11.2m
-0.1%
total assets
169.5m
+0.15%
cash
1.6m
-0.67%
net assets
Total assets minus all liabilities
pork farms limited company details
company number
05998346
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
November 2006
age
18
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
poppy acquisition 2 limited (January 2007)
incorporated
UK
address
tottle bakery queens drive, nottingham, NG2 1LU
last accounts submitted
March 2023
pork farms 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 22 charges/mortgages relating to pork farms limited. Currently there are 1 open charges and 21 have been satisfied in the past.
pork farms limited Companies House Filings - See Documents
| date | description | view/download |
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