Thanet Growers Six Limited

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thanet growers six limited Company Information

Live

EstablishedSmallDeclining

Company Number

06375830

Website

www.thanetearth.com

Registered Address

2 barrow man road, birchington, kent, CT7 0AX

Industry

Growing of vegetables and melons, roots and tubers

Telephone

441843844700

Next Accounts Due

September 2024

Group Structure

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Directors

Adrianus Breugem8 Years

Arjan De Gier8 Years

Shareholders

tg1 holding ltd 100%

thanet growers six limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of THANET GROWERS SIX LIMITED at £4.6m based on Net Assets of £3.6m and 1.29x industry multiple (adjusted for liquidity).

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Thanet Growers Six Limited is a live company located in kent, CT7 0AX with a Companies House number of 06375830. It operates in the growing of vegetables and melons, roots and tubers sector, SIC Code 01130. Founded in September 2007, it's largest shareholder is tg1 holding ltd with a 100% stake. Thanet Growers Six Limited is a established, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Thanet Growers Six Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (3.8%)

EXPORT

Thanet Growers Six Limited's latest turnover from December 2022 is £2.4 million and the company has net assets of £3.6 million. According to their latest financial statements, we estimate that Thanet Growers Six Limited has 22 employees and maintains cash reserves of £162 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	Jan 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,447,006	2,666,459	3,448,338	4,117,780	4,649,290	4,652,386	0	0	0	0	0	0	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,645,821	4,241,703	3,411,933	4,524,854	4,775,663	4,626,573	135,917	0	0	0	0	0	0	0
Gross Profit	-3,198,815	-1,575,244	36,405	-407,074	-126,373	25,813	-135,917	0	0	0	0	0	0	0
Admin Expenses	-3,683,063	-1,888,676	-374,650	-888,178	-833,576	-726,768	-954,057	53,453	49,806	16,339	93,144	97,032	158,154	750
Operating Profit	484,248	313,432	411,055	481,104	707,203	752,581	818,140	-53,453	-49,806	-16,339	-93,144	-97,032	-158,154	-750
Interest Payable	181,458	217,381	242,585	270,606	346,229	466,382	61,901	71,959	68,954	67,562	64,857	39,425	270,875	24,603
Interest Receivable	8,945	7,852	14,360	15,390	2	0	68	6	12	6	3	4	0	0
Pre-Tax Profit	311,735	103,903	182,830	225,888	360,976	286,199	756,307	-125,406	-118,748	-83,895	-157,998	-136,453	-429,029	-25,353
Tax	43,194	-233,791	-99,174	-97,035	-171,051	-139,643	8,865	25,502	22,808	18,031	37,228	156,288	0	0
Profit After Tax	354,929	-129,888	83,656	128,853	189,925	146,556	765,172	-99,904	-95,940	-65,864	-120,770	19,835	-429,029	-25,353
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	354,929	-129,888	83,656	128,853	189,925	146,556	765,172	-99,904	-95,940	-65,864	-120,770	19,835	-429,029	-25,353
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	22	22	2	2	2	2	1	2	1	1	2	2	2	2
EBITDA*	1,297,212	1,153,290	1,242,384	1,481,306	1,988,256	2,032,373	818,140	-53,453	-49,806	-16,339	-93,144	-97,032	-158,154	-750

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Jan 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	7,887,367	8,653,248	9,491,721	10,286,288	11,052,742	12,314,353	13,132,084	2,819,865	2,819,865	2,804,346	2,804,346	2,804,346	2,805,743	2,840,477
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)	847,876	120,000	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,735,343	8,773,348	9,491,821	10,286,388	11,052,842	12,314,453	13,132,184	2,819,965	2,819,965	2,804,446	2,804,446	2,804,446	2,805,843	2,840,577
Stock & work in progress	67,207	94,493	273,102	282,944	289,730	189,317	283,022	0	0	0	0	0	0	0
Trade Debtors	0	0	73	18,234	478,287	306,635	75,348	0	0	0	0	0	0	0
Group Debtors	143,121	873,709	920,811	996,160	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,293,227	1,085,270	326,981	497,406	428,580	160,097	222,291	55,838	13,470	70,115	18,934	56,236	360,188	0
Cash	161,991	394,251	484,130	336,217	226,796	558,200	719,287	647	131	1,017	4,630	0	98	1
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,665,546	2,447,723	2,005,097	2,130,961	1,423,393	1,214,249	1,299,948	56,485	13,601	71,132	23,564	56,236	360,286	1
total assets	10,400,889	11,221,071	11,496,918	12,417,349	12,476,235	13,528,702	14,432,132	2,876,450	2,833,566	2,875,578	2,828,010	2,860,682	3,166,129	2,840,578
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	1,003,200	1,003,200	1,003,200	1,003,200	1,003,200	1,003,200	1,003,200	0	0	0	0	0	0	0
Trade Creditors	81,692	96,044	284,383	773,851	204,650	240,235	424,478	0	0	0	0	0	0	0
Group/Directors Accounts	385	64,060	4,697	18,148	34,250	38,552	162,699	2,549,706	2,408,478	2,368,663	2,251,289	2,139,234	3,471,379	940,799
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	1,622,836	1,724,252	901,622	1,000,364	845,581	1,197,828	380,336	16,972	15,413	1,300	5,242	29,199	101,114	1,877,114
total current liabilities	2,708,113	2,887,556	2,193,902	2,795,563	2,087,681	2,479,815	1,970,713	2,566,678	2,423,891	2,369,963	2,256,531	2,168,433	3,572,493	2,817,913
loans	3,511,200	4,514,400	5,517,600	6,019,200	7,022,400	8,025,600	9,662,381	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	608,507	600,975	437,388	338,214	230,635	77,693	0	0	0	0	0	0	0	0
total long term liabilities	4,119,707	5,115,375	5,954,988	6,357,414	7,253,035	8,103,293	9,662,381	0	0	0	0	0	0	0
total liabilities	6,827,820	8,002,931	8,148,890	9,152,977	9,340,716	10,583,108	11,633,094	2,566,678	2,423,891	2,369,963	2,256,531	2,168,433	3,572,493	2,817,913
net assets	3,573,069	3,218,140	3,348,028	3,264,372	3,135,519	2,945,594	2,799,038	309,772	409,675	505,615	571,479	692,249	-406,364	22,665
total shareholders funds	3,573,069	3,218,140	3,348,028	3,264,372	3,135,519	2,945,594	2,799,038	309,772	409,675	505,615	571,479	692,249	-406,364	22,665

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Jan 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	484,248	313,432	411,055	481,104	707,203	752,581	818,140	-53,453	-49,806	-16,339	-93,144	-97,032	-158,154	-750
Depreciation	812,964	839,858	831,329	1,000,202	1,281,053	1,279,792	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	43,194	-233,791	-99,174	-97,035	-171,051	-139,643	8,865	25,502	22,808	18,031	37,228	156,288	0	0
Stock	-27,286	-178,609	-9,842	-6,786	100,413	-93,705	283,022	0	0	0	0	0	0	0
Debtors	205,245	831,114	-263,935	604,933	440,135	169,093	297,639	55,838	-56,645	51,181	-37,302	-303,952	360,188	0
Creditors	-14,352	-188,339	-489,468	569,201	-35,585	-184,243	424,478	0	0	0	0	0	0	0
Accruals and Deferred Income	-101,416	822,630	-98,742	154,783	-352,247	817,492	380,336	16,972	14,113	-3,942	-23,957	-71,915	-1,776,000	1,877,114
Deferred Taxes & Provisions	7,532	163,587	99,174	107,579	152,942	77,693	0	0	0	0	0	0	0	0
Cash flow from operations	1,054,211	1,064,872	927,951	1,617,687	1,041,767	2,528,284	1,051,158	-66,817	43,760	-53,431	-42,571	291,293	-2,294,342	1,876,364
Investing Activities
capital expenditure	-47,083	-1,385	-36,762	-233,748	-19,442	-462,061	-13,132,084	-2,819,865	-15,519	0	0	1,397	34,734	-2,840,477
Change in Investments	0	0	0	0	0	0	100	100	0	0	0	0	0	100
cash flow from investments	-47,083	-1,385	-36,762	-233,748	-19,442	-462,061	-13,132,184	-2,819,965	-15,519	0	0	1,397	34,734	-2,840,577
Financing Activities
Bank loans	0	0	0	0	0	0	1,003,200	0	0	0	0	0	0	0
Group/Directors Accounts	-63,675	59,363	-13,451	-16,102	-4,302	-124,147	162,699	2,549,706	39,815	117,374	112,055	-1,332,145	2,530,580	940,799
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-1,003,200	-1,003,200	-501,600	-1,003,200	-1,003,200	-1,636,781	9,662,381	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	2,033,866	409,676	0	0	0	1,078,778	0	48,018
interest	-172,513	-209,529	-228,225	-255,216	-346,227	-466,382	-61,833	-71,953	-68,942	-67,556	-64,854	-39,421	-270,875	-24,603
cash flow from financing	-1,239,388	-1,153,366	-743,276	-1,274,518	-1,353,729	-2,227,310	12,800,313	2,887,429	-29,127	49,818	47,201	-292,788	2,259,705	964,214
cash and cash equivalents
cash	-232,260	-89,879	147,913	109,421	-331,404	-161,087	719,287	647	-886	-3,613	4,630	-98	97	1
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-232,260	-89,879	147,913	109,421	-331,404	-161,087	719,287	647	-886	-3,613	4,630	-98	97	1

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THANET GROWERS SIX LIMITED group structure

Thanet Growers Six Limited has no subsidiary companies.

Ultimate parent company

TG1 HOLDING LTD

07871683

1 parent

THANET GROWERS SIX LIMITED

06375830

THANET GROWERS SIX LIMITED Shareholders

tg1 holding ltd

100%

Thanet Growers Six Limited currently has 2 directors. The longest serving directors include Mr Adrianus Breugem (May 2016) and Mr Arjan De Gier (May 2016).

officer	country	age	start	end	role
Mr Adrianus Breugem	United Kingdom	54 years	May 2016	-	Director
Mr Arjan De Gier	England	54 years	May 2016	-	Director

P&L

December 2022

turnover

2.4m

-8%

operating profit

484.2k

+54%

gross margin

-130.7%

+121.28%

turnover

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

Balance Sheet

December 2022

net assets

3.6m

+0.11%

total assets

10.4m

-0.07%

cash

162k

-0.59%

net assets

Total assets minus all liabilities

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company number

06375830

Type

Private limited with Share Capital

industry

01130 - Growing of vegetables and melons, roots and tubers

incorporation date

September 2007

age

accounts

Small Company

ultimate parent company

TG1 HOLDING LTD

previous names

N/A

incorporated

address

2 barrow man road, birchington, kent, CT7 0AX

last accounts submitted

December 2022

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 thanet growers six limited.

thanet growers six limited Company Information

thanet growers six limited Estimated Valuation

thanet growers six limited Estimated Valuation

thanet growers six limited Estimated Valuation

Thanet Growers Six Limited Overview

Thanet Growers Six Limited Health Check

THANET GROWERS SIX LIMITED financials

thanet growers six limited Credit Report and Business Information

Thanet Growers Six Limited Competitor Analysis

thanet growers six limited Ownership

thanet growers six limited directors

thanet growers six limited company details

thanet growers six limited Charges & Mortgages

thanet growers six limited Companies House Filings - See Documents