a.b. produce trading limited
a.b. produce trading limited Company Information
Company Number
06018033
Website
www.abproduce.co.ukRegistered Address
6th floor 60 gracechurch street, london, EC3V 0HR
Industry
Activities of production holding companies
Telephone
01530514600
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
paul julian bridgen 44.4%
andrew james bridgen 44.4%
View Alla.b. produce trading limited Estimated Valuation
Pomanda estimates the enterprise value of A.B. PRODUCE TRADING LIMITED at £31.4m based on a Turnover of £23.9m and 1.31x industry multiple (adjusted for size and gross margin).
a.b. produce trading limited Estimated Valuation
Pomanda estimates the enterprise value of A.B. PRODUCE TRADING LIMITED at £0 based on an EBITDA of £-407k and a 5.19x industry multiple (adjusted for size and gross margin).
a.b. produce trading limited Estimated Valuation
Pomanda estimates the enterprise value of A.B. PRODUCE TRADING LIMITED at £3.4m based on Net Assets of £1.6m and 2.1x industry multiple (adjusted for liquidity).
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A.b. Produce Trading Limited Overview
A.b. Produce Trading Limited is a live company located in london, EC3V 0HR with a Companies House number of 06018033. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in December 2006, it's largest shareholder is paul julian bridgen with a 44.4% stake. A.b. Produce Trading Limited is a established, large sized company, Pomanda has estimated its turnover at £23.9m with unknown growth in recent years.
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A.b. Produce Trading Limited Health Check
Pomanda's financial health check has awarded A.B. Produce Trading Limited a 3 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
4 Strong
3 Regular
4 Weak
Size
annual sales of £23.9m, make it larger than the average company (£18.5m)
£23.9m - A.b. Produce Trading Limited
£18.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- A.b. Produce Trading Limited
- - Industry AVG
Production
with a gross margin of 11.6%, this company has a higher cost of product (31.7%)
11.6% - A.b. Produce Trading Limited
31.7% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (6.7%)
-2.6% - A.b. Produce Trading Limited
6.7% - Industry AVG
Employees
with 126 employees, this is similar to the industry average (108)
126 - A.b. Produce Trading Limited
108 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£40.4k)
£37.6k - A.b. Produce Trading Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £189.8k, this is equally as efficient (£173.3k)
£189.8k - A.b. Produce Trading Limited
£173.3k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is earlier than average (56 days)
45 days - A.b. Produce Trading Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (51 days)
89 days - A.b. Produce Trading Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (72 days)
7 days - A.b. Produce Trading Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - A.b. Produce Trading Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (53.9%)
88.8% - A.b. Produce Trading Limited
53.9% - Industry AVG
a.b. produce trading limited Credit Report and Business Information
A.b. Produce Trading Limited Competitor Analysis
Perform a competitor analysis for a.b. produce trading limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
a.b. produce trading limited Ownership
A.B. PRODUCE TRADING LIMITED group structure
A.B. Produce Trading Limited has 1 subsidiary company.
a.b. produce trading limited directors
A.B. Produce Trading Limited currently has 4 directors. The longest serving directors include Mr Neil Sharratt (May 2010) and Mr Derek Tomkinson (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Sharratt | United Kingdom | 59 years | May 2010 | - | Director |
| Mr Derek Tomkinson | United Kingdom | 74 years | May 2017 | - | Director |
| Mr Paul Bridgen | United Kingdom | 57 years | May 2017 | - | Director |
| Mr Peter Ellis | United Kingdom | 70 years | May 2017 | - | Director |
A.B. PRODUCE TRADING LIMITED financials
A.B. Produce Trading Limited's latest turnover from May 2023 is £23.9 million and the company has net assets of £1.6 million. According to their latest financial statements, A.B. Produce Trading Limited has 126 employees and maintains cash reserves of £5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,909,000 | 20,329,000 | 18,739,000 | 27,179,000 | 26,257,000 | 24,412,000 | 28,202,000 | 29,655,000 | 23,536,000 | 22,689,000 | 19,155,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 21,139,000 | 18,531,000 | 15,442,000 | 24,483,000 | 24,553,000 | 18,959,000 | 22,592,000 | 26,889,000 | 19,794,000 | 20,833,000 | 14,338,000 |
| Gross Profit | 2,770,000 | 1,798,000 | 3,297,000 | 2,696,000 | 1,704,000 | 5,453,000 | 5,610,000 | 2,766,000 | 3,742,000 | 1,856,000 | 4,817,000 |
| Admin Expenses | 3,400,000 | 2,550,000 | 3,167,000 | 2,905,000 | 3,287,000 | 3,772,000 | 4,571,000 | 2,576,000 | 2,855,000 | 2,689,000 | 2,621,000 |
| Operating Profit | -630,000 | -752,000 | 130,000 | -209,000 | -1,583,000 | 1,681,000 | 1,039,000 | 190,000 | 887,000 | -833,000 | 2,196,000 |
| Interest Payable | 14,000 | 61,000 | 94,000 | 78,000 | 21,000 | 3,000 | 7,000 | 9,000 | 10,000 | 4,000 | 3,000 |
| Interest Receivable | 64,000 | 47,000 | 46,000 | 43,000 | 56,000 | 64,000 | 27,000 | 24,000 | 23,000 | 20,000 | 2,000 |
| Pre-Tax Profit | -580,000 | -766,000 | 82,000 | -244,000 | -1,548,000 | 1,742,000 | 1,059,000 | 205,000 | 900,000 | -817,000 | 2,195,000 |
| Tax | 134,000 | 86,000 | -31,000 | 36,000 | 367,000 | -384,000 | -250,000 | -23,000 | -231,000 | 232,000 | -720,000 |
| Profit After Tax | -446,000 | -680,000 | 51,000 | -208,000 | -1,181,000 | 1,358,000 | 809,000 | 182,000 | 669,000 | -585,000 | 1,475,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 1,082,000 | 0 | 0 | 0 | 0 | 1,000,000 |
| Retained Profit | -446,000 | -680,000 | 51,000 | -208,000 | -1,181,000 | 276,000 | 809,000 | 182,000 | 669,000 | -585,000 | 475,000 |
| Employee Costs | 4,733,000 | 4,634,000 | 4,328,000 | 4,045,000 | 4,080,000 | 3,850,000 | 3,675,000 | 3,582,000 | 4,005,000 | 3,645,000 | 3,665,000 |
| Number Of Employees | 126 | 144 | 142 | 158 | 141 | 132 | 145 | 149 | 157 | 144 | 144 |
| EBITDA* | -407,000 | -67,000 | 1,157,000 | 949,000 | -592,000 | 2,381,000 | 1,780,000 | 842,000 | 1,453,000 | -221,000 | 2,798,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 801,000 | 1,027,000 | 1,540,000 | 4,882,000 | 5,456,000 | 3,926,000 | 2,718,000 | 2,387,000 | 2,360,000 | 2,188,000 | 2,556,000 |
| Intangible Assets | 0 | 0 | 125,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,399,000 | 1,265,000 | 2,366,000 | 1,797,000 | 1,800,000 | 750,000 | 750,000 | 750,000 | 0 | 0 | 0 |
| Total Fixed Assets | 2,200,000 | 2,292,000 | 4,031,000 | 6,679,000 | 7,256,000 | 4,676,000 | 3,468,000 | 3,137,000 | 2,360,000 | 2,188,000 | 2,556,000 |
| Stock & work in progress | 434,000 | 452,000 | 410,000 | 459,000 | 322,000 | 313,000 | 408,000 | 535,000 | 368,000 | 540,000 | 366,000 |
| Trade Debtors | 2,950,000 | 2,811,000 | 2,761,000 | 3,888,000 | 3,730,000 | 3,299,000 | 3,512,000 | 3,876,000 | 2,742,000 | 3,668,000 | 2,012,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,110,000 | 8,721,000 | 7,076,000 | 3,473,000 | 1,917,000 | 922,000 | 1,209,000 | 836,000 | 1,230,000 | 1,304,000 | 938,000 |
| Cash | 5,000 | 5,000 | 0 | 5,000 | 0 | 1,799,000 | 1,270,000 | 134,000 | 288,000 | 69,000 | 538,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,499,000 | 11,989,000 | 10,247,000 | 7,825,000 | 5,969,000 | 6,333,000 | 6,399,000 | 5,381,000 | 4,628,000 | 5,581,000 | 3,854,000 |
| total assets | 14,699,000 | 14,281,000 | 14,278,000 | 14,504,000 | 13,225,000 | 11,009,000 | 9,867,000 | 8,518,000 | 6,988,000 | 7,769,000 | 6,410,000 |
| Bank overdraft | 393,000 | 269,000 | 1,140,000 | 1,612,000 | 275,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,210,000 | 5,332,000 | 3,236,000 | 5,305,000 | 4,167,000 | 2,320,000 | 2,081,000 | 3,479,000 | 2,113,000 | 3,346,000 | 1,757,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 20,000 | 24,000 | 486,000 | 432,000 | 124,000 | 69,000 | 149,000 | 80,000 | 23,000 | 45,000 |
| other current liabilities | 4,713,000 | 3,765,000 | 3,593,000 | 1,111,000 | 1,567,000 | 1,704,000 | 1,800,000 | 1,086,000 | 1,102,000 | 1,400,000 | 888,000 |
| total current liabilities | 10,316,000 | 9,386,000 | 7,993,000 | 8,514,000 | 6,441,000 | 4,148,000 | 3,950,000 | 4,714,000 | 3,295,000 | 4,769,000 | 2,690,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 21,000 | 814,000 | 1,170,000 | 311,000 | 15,000 | 46,000 | 48,000 | 0 | 23,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 8,000 | 0 | 42,000 | 71,000 |
| provisions | 2,741,000 | 2,807,000 | 3,496,000 | 1,870,000 | 2,094,000 | 1,849,000 | 1,476,000 | 140,000 | 177,000 | 199,000 | 240,000 |
| total long term liabilities | 2,741,000 | 2,807,000 | 3,517,000 | 2,684,000 | 3,264,000 | 2,160,000 | 1,498,000 | 194,000 | 225,000 | 241,000 | 334,000 |
| total liabilities | 13,057,000 | 12,193,000 | 11,510,000 | 11,198,000 | 9,705,000 | 6,308,000 | 5,448,000 | 4,908,000 | 3,520,000 | 5,010,000 | 3,024,000 |
| net assets | 1,642,000 | 2,088,000 | 2,768,000 | 3,306,000 | 3,520,000 | 4,701,000 | 4,419,000 | 3,610,000 | 3,468,000 | 2,759,000 | 3,386,000 |
| total shareholders funds | 1,642,000 | 2,088,000 | 2,768,000 | 3,306,000 | 3,520,000 | 4,701,000 | 4,419,000 | 3,610,000 | 3,468,000 | 2,759,000 | 3,386,000 |
| May 2023 | May 2022 | May 2021 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -630,000 | -752,000 | 130,000 | -209,000 | -1,583,000 | 1,681,000 | 1,039,000 | 190,000 | 887,000 | -833,000 | 2,196,000 |
| Depreciation | 223,000 | 560,000 | 903,000 | 1,158,000 | 991,000 | 700,000 | 741,000 | 652,000 | 566,000 | 612,000 | 602,000 |
| Amortisation | 0 | 125,000 | 124,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 134,000 | 86,000 | -31,000 | 36,000 | 367,000 | -384,000 | -250,000 | -23,000 | -231,000 | 232,000 | -720,000 |
| Stock | -18,000 | 42,000 | 410,000 | 137,000 | 9,000 | -95,000 | -127,000 | 167,000 | -172,000 | 174,000 | 366,000 |
| Debtors | 662,000 | 594,000 | 12,203,000 | 1,711,000 | 2,476,000 | -500,000 | 9,000 | 1,490,000 | -1,000,000 | 2,022,000 | 2,950,000 |
| Creditors | -122,000 | 2,096,000 | 3,236,000 | 1,138,000 | 1,847,000 | 239,000 | -1,398,000 | 1,366,000 | -1,233,000 | 1,589,000 | 1,757,000 |
| Accruals and Deferred Income | 948,000 | 172,000 | 3,593,000 | -456,000 | -137,000 | -96,000 | 714,000 | -16,000 | -298,000 | 512,000 | 888,000 |
| Deferred Taxes & Provisions | -66,000 | -689,000 | 3,496,000 | -224,000 | 245,000 | 373,000 | 1,336,000 | -37,000 | -22,000 | -41,000 | 240,000 |
| Cash flow from operations | -157,000 | 962,000 | -1,162,000 | -405,000 | -755,000 | 3,108,000 | 2,300,000 | 475,000 | 841,000 | -125,000 | 1,647,000 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 66,000 | 104,000 | 124,000 | -1,598,000 | -501,000 | -490,000 | -695,000 | -850,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 66,000 | 104,000 | 124,000 | -1,598,000 | -501,000 | -490,000 | -695,000 | -850,000 |
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | -20,000 | -25,000 | 45,000 | -302,000 | 1,167,000 | 351,000 | -111,000 | 67,000 | 105,000 | -45,000 | 68,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -7,000 | -1,000 | 8,000 | -42,000 | -29,000 | 71,000 |
| share issue | |||||||||||
| interest | 50,000 | -14,000 | -48,000 | -35,000 | 35,000 | 61,000 | 20,000 | 15,000 | 13,000 | 16,000 | -1,000 |
| cash flow from financing | 30,000 | -39,000 | 2,714,000 | -343,000 | 1,202,000 | 411,000 | -92,000 | 50,000 | 116,000 | -100,000 | 3,049,000 |
| cash and cash equivalents | |||||||||||
| cash | 0 | 5,000 | 0 | 5,000 | -1,799,000 | 529,000 | 1,136,000 | -154,000 | 219,000 | -469,000 | 538,000 |
| overdraft | 124,000 | -871,000 | 1,140,000 | 1,337,000 | 275,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -124,000 | 876,000 | -1,140,000 | -1,332,000 | -2,074,000 | 529,000 | 1,136,000 | -154,000 | 219,000 | -469,000 | 538,000 |
P&L
May 2023turnover
23.9m
+18%
operating profit
-630k
-16%
gross margin
11.6%
+30.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.6m
-0.21%
total assets
14.7m
+0.03%
cash
5k
0%
net assets
Total assets minus all liabilities
a.b. produce trading limited company details
company number
06018033
Type
Private limited with Share Capital
industry
64202 - Activities of production holding companies
incorporation date
December 2006
age
18
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
6th floor 60 gracechurch street, london, EC3V 0HR
last accounts submitted
May 2023
a.b. produce trading 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 a.b. produce trading limited.
a.b. produce trading limited Companies House Filings - See Documents
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