North East Food Technology Services Ltd

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north east food technology services ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06120665

Website

http://nefts.co.uk

Registered Address

7 elder grove, redcar, cleveland, TS10 2SR

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Telephone

Next Accounts Due

February 2025

Group Structure

View All

Directors

Eleanor Hutchinson17 Years

Shareholders

eleanor hutchinson 100%

north east food technology services ltd Estimated Valuation

£33k

Pomanda estimates the enterprise value of NORTH EAST FOOD TECHNOLOGY SERVICES LTD at £33k based on Net Assets of £14.7k and 2.24x industry multiple (adjusted for liquidity).

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North East Food Technology Services Ltd is a live company located in cleveland, TS10 2SR with a Companies House number of 06120665. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in February 2007, it's largest shareholder is eleanor hutchinson with a 100% stake. North East Food Technology Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £61.4k with declining growth in recent years.

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Pomanda's financial health check has awarded North East Food Technology Services Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £61.4k, make it smaller than the average company (£1.8m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (5.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTH EAST FOOD TECHNOLOGY SERVICES LTD group structure

North East Food Technology Services Ltd has no subsidiary companies.

Ultimate parent company

NORTH EAST FOOD TECHNOLOGY SERVICES LTD

06120665

NORTH EAST FOOD TECHNOLOGY SERVICES LTD Shareholders

eleanor hutchinson

100%

North East Food Technology Services Ltd currently has 1 director, Mrs Eleanor Hutchinson serving since Feb 2007.

officer	country	age	start	end	role
Mrs Eleanor Hutchinson	United Kingdom	54 years	Feb 2007	-	Director

EXPORT

North East Food Technology Services Ltd's latest turnover from May 2023 is estimated at £61.4 thousand and the company has net assets of £14.7 thousand. According to their latest financial statements, North East Food Technology Services Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	61,418	71,873	66,508	102,232	111,308	87,835	121,143	27,182	50,877	23,861	51,928	49,145	57,282	53,556
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	46,474	54,675	51,271	75,451	82,234	64,940	88,778	19,648	37,117	17,475	37,649	35,220	40,916	39,112
Gross Profit	14,944	17,198	15,237	26,781	29,074	22,896	32,365	7,534	13,761	6,386	14,279	13,926	16,366	14,444
Admin Expenses	20,867	20,828	20,388	27,988	14,327	21,684	26,950	9,938	16,640	6,585	2,411	6,862	25,855	-4,549
Operating Profit	-5,923	-3,630	-5,151	-1,207	14,747	1,212	5,415	-2,404	-2,879	-199	11,868	7,064	-9,489	18,993
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	8	31	74	106	80	44	35	25
Pre-Tax Profit	-5,923	-3,630	-5,151	-1,207	14,747	1,212	5,423	-2,373	-2,805	-93	11,947	7,108	-9,454	19,018
Tax	0	0	0	0	-2,802	-230	-1,030	0	0	0	-2,867	-1,848	0	-5,325
Profit After Tax	-5,923	-3,630	-5,151	-1,207	11,945	982	4,393	-2,373	-2,805	-93	9,080	5,260	-9,454	13,693
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,923	-3,630	-5,151	-1,207	11,945	982	4,393	-2,373	-2,805	-93	9,080	5,260	-9,454	13,693
Employee Costs	49,591	45,720	44,266	42,986	44,399	43,223	41,942	42,787	43,038	41,816	40,316	39,277	38,452	40,525
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	-5,923	-3,630	-5,151	-1,207	14,747	1,212	5,415	-1,885	-2,290	768	12,513	7,995	-8,173	20,263

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	701	392	601	546	415	566	589	682	1,201	1,321	1,505	688	1,619	2,386
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	701	392	601	546	415	566	589	682	1,201	1,321	1,505	688	1,619	2,386
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	20,323	28,746	26,450	41,466	46,668	30,441	39,618	8,325	15,197	5,047	13,017	11,910	14,891	14,375
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	6,789	5,720	24,039	18,421	13,520	3,988	10,105
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	20,323	28,746	26,450	41,466	46,668	30,441	39,618	15,114	20,917	29,086	31,438	25,430	18,879	24,480
total assets	21,024	29,138	27,051	42,012	47,083	31,007	40,207	15,796	22,118	30,407	32,943	26,118	20,498	26,866
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	6,307	8,498	2,781	12,591	16,455	12,324	22,506	2,487	6,436	11,655	14,200	16,617	16,141	12,950
Group/Directors Accounts	0	0	0	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	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	6,307	8,498	2,781	12,591	16,455	12,324	22,506	2,487	6,436	11,655	14,200	16,617	16,141	12,950
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	264	162	0	116	221
total long term liabilities	0	0	0	0	0	0	0	0	0	264	162	0	116	221
total liabilities	6,307	8,498	2,781	12,591	16,455	12,324	22,506	2,487	6,436	11,919	14,362	16,617	16,257	13,171
net assets	14,717	20,640	24,270	29,421	30,628	18,683	17,701	13,309	15,682	18,488	18,581	9,501	4,241	13,695
total shareholders funds	14,717	20,640	24,270	29,421	30,628	18,683	17,701	13,309	15,682	18,488	18,581	9,501	4,241	13,695

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-5,923	-3,630	-5,151	-1,207	14,747	1,212	5,415	-2,404	-2,879	-199	11,868	7,064	-9,489	18,993
Depreciation	0	0	0	0	0	0	0	519	589	967	645	931	1,316	1,270
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-2,802	-230	-1,030	0	0	0	-2,867	-1,848	0	-5,325
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-8,423	2,296	-15,016	-5,202	16,227	-9,177	31,293	-6,872	10,150	-7,970	1,107	-2,981	516	14,375
Creditors	-2,191	5,717	-9,810	-3,864	4,131	-10,182	20,019	-3,949	-5,219	-2,545	-2,417	476	3,191	12,950
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-264	102	162	-116	-105	221
Cash flow from operations	309	-209	55	131	-151	-23	-6,889	1,038	-17,923	6,295	6,284	9,488	-5,603	13,734
Investing Activities
capital expenditure	-309	209	-55	-131	151	23	93	0	-469	-783	-1,462	0	-549	-3,656
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-309	209	-55	-131	151	23	93	0	-469	-783	-1,462	0	-549	-3,656
Financing Activities
Bank loans	0	0	0	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	0	0	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	0	0	0	0	0	0	-1	0	-1	0	0	0	0	2
interest	0	0	0	0	0	0	8	31	74	106	80	44	35	25
cash flow from financing	0	0	0	0	0	0	7	31	73	106	80	44	35	27
cash and cash equivalents
cash	0	0	0	0	0	0	-6,789	1,069	-18,319	5,618	4,901	9,532	-6,117	10,105
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-6,789	1,069	-18,319	5,618	4,901	9,532	-6,117	10,105

P&L

May 2023

turnover

61.4k

-15%

operating profit

-5.9k

gross margin

24.4%

+1.69%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2023

net assets

14.7k

-0.29%

total assets

21k

-0.28%

cash

net assets

Total assets minus all liabilities

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company number

06120665

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

February 2007

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

7 elder grove, redcar, cleveland, TS10 2SR

last accounts submitted

May 2023

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.

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north east food technology services ltd Company Information

north east food technology services ltd Estimated Valuation

north east food technology services ltd Estimated Valuation

north east food technology services ltd Estimated Valuation

North East Food Technology Services Ltd AI Business Plan

North East Food Technology Services Ltd Overview

North East Food Technology Services Ltd Health Check

north east food technology services ltd Credit Report and Business Information

North East Food Technology Services Ltd Competitor Analysis

north east food technology services ltd Ownership

north east food technology services ltd directors

NORTH EAST FOOD TECHNOLOGY SERVICES LTD financials

north east food technology services ltd company details

north east food technology services ltd Charges & Mortgages

north east food technology services ltd Companies House Filings - See Documents