cannon packing and logistics limited
cannon packing and logistics limited Company Information
Company Number
06490909
Website
www.cannonpacking.co.ukRegistered Address
cannon packing & logistics ltd, 184 park drive,, abingdon, oxfordshire, OX14 4SE
Industry
Other manufacturing n.e.c.
Telephone
01235232000
Next Accounts Due
July 2024
Group Structure
View All
Shareholders
ian doye 50%
john alder 50%
cannon packing and logistics limited Estimated Valuation
Pomanda estimates the enterprise value of CANNON PACKING AND LOGISTICS LIMITED at £12.2m based on a Turnover of £13.8m and 0.88x industry multiple (adjusted for size and gross margin).
cannon packing and logistics limited Estimated Valuation
Pomanda estimates the enterprise value of CANNON PACKING AND LOGISTICS LIMITED at £6.1m based on an EBITDA of £1.1m and a 5.71x industry multiple (adjusted for size and gross margin).
cannon packing and logistics limited Estimated Valuation
Pomanda estimates the enterprise value of CANNON PACKING AND LOGISTICS LIMITED at £3.5m based on Net Assets of £1.7m and 2.05x industry multiple (adjusted for liquidity).
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Cannon Packing And Logistics Limited Overview
Cannon Packing And Logistics Limited is a live company located in abingdon, OX14 4SE with a Companies House number of 06490909. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in February 2008, it's largest shareholder is ian doye with a 50% stake. Cannon Packing And Logistics Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.8m with healthy growth in recent years.
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Cannon Packing And Logistics Limited Health Check
Pomanda's financial health check has awarded Cannon Packing And Logistics Limited a 4 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 £13.8m, make it in line with the average company (£12.3m)
£13.8m - Cannon Packing And Logistics Limited
£12.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2.1%)
- Cannon Packing And Logistics Limited
2.1% - Industry AVG
Production
with a gross margin of 27.3%, this company has a comparable cost of product (29.7%)
27.3% - Cannon Packing And Logistics Limited
29.7% - Industry AVG
Profitability
an operating margin of 6.9% make it as profitable than the average company (6.3%)
6.9% - Cannon Packing And Logistics Limited
6.3% - Industry AVG
Employees
with 135 employees, this is above the industry average (70)
135 - Cannon Packing And Logistics Limited
70 - Industry AVG
Pay Structure
on an average salary of £13.3k, the company has a lower pay structure (£39k)
£13.3k - Cannon Packing And Logistics Limited
£39k - Industry AVG
Efficiency
resulting in sales per employee of £102.3k, this is less efficient (£164.2k)
£102.3k - Cannon Packing And Logistics Limited
£164.2k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (57 days)
72 days - Cannon Packing And Logistics Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (45 days)
28 days - Cannon Packing And Logistics Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (68 days)
3 days - Cannon Packing And Logistics Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (13 weeks)
26 weeks - Cannon Packing And Logistics Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.7%, this is a higher level of debt than the average (50.3%)
61.7% - Cannon Packing And Logistics Limited
50.3% - Industry AVG
CANNON PACKING AND LOGISTICS LIMITED financials
Cannon Packing And Logistics Limited's latest turnover from October 2022 is £13.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Cannon Packing And Logistics Limited has 135 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,806,185 | 11,394,198 | 7,389,602 | 7,205,920 | 6,733,981 | |||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 10,036,745 | 8,135,407 | 4,820,332 | 4,723,241 | 4,301,305 | |||||||||
| Gross Profit | 3,769,440 | 3,258,791 | 2,569,270 | 2,482,679 | 2,432,676 | |||||||||
| Admin Expenses | 2,823,307 | 2,822,776 | 2,237,670 | 2,143,779 | 2,145,040 | |||||||||
| Operating Profit | 946,133 | 436,015 | 331,600 | 338,900 | 287,636 | |||||||||
| Interest Payable | 0 | 0 | 25,948 | 35,851 | 27,002 | |||||||||
| Interest Receivable | 11 | 23 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | 946,144 | 436,038 | 305,652 | 303,049 | 260,634 | |||||||||
| Tax | -180,055 | -78,978 | -61,924 | -63,215 | -53,455 | |||||||||
| Profit After Tax | 766,089 | 357,060 | 243,728 | 239,834 | 207,179 | |||||||||
| Dividends Paid | 500,000 | 160,000 | 120,000 | 120,000 | 120,000 | |||||||||
| Retained Profit | 266,089 | 197,060 | 123,728 | 119,834 | 87,179 | |||||||||
| Employee Costs | 1,795,857 | 1,531,792 | 3,503,618 | 3,463,953 | 3,206,391 | |||||||||
| Number Of Employees | 135 | 121 | 127 | 129 | 124 | 110 | 108 | 118 | 111 | |||||
| EBITDA* | 1,062,045 | 566,150 | 373,420 | 392,418 | 327,850 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 112,621 | 205,128 | 206,847 | 154,331 | 72,483 | 37,191 | 39,054 | 45,506 | 69,420 | 88,780 | 68,610 | 35,017 | 46,018 | 56,476 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,389 | 6,689 |
| 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 | 112,621 | 205,128 | 206,847 | 154,331 | 72,483 | 37,191 | 39,054 | 45,506 | 69,420 | 88,780 | 68,610 | 35,017 | 49,407 | 63,165 |
| Stock & work in progress | 88,300 | 236,500 | 52,000 | 49,000 | 39,750 | 40,500 | 51,900 | 58,000 | 58,000 | 58,000 | 60,000 | 55,000 | 55,000 | 55,000 |
| Trade Debtors | 2,754,367 | 2,150,770 | 1,779,560 | 1,634,692 | 1,583,274 | 1,421,314 | 1,456,705 | 1,438,126 | 1,539,401 | 1,274,041 | 1,049,896 | 852,846 | 672,831 | 637,495 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 149,412 | 278,825 | 192,988 | 120,720 | 107,917 | 82,491 | 108,563 | 93,304 | 41,721 | 26,265 | 0 | 0 | 0 | 0 |
| Cash | 1,368,806 | 831,105 | 928,894 | 851,415 | 956,297 | 692,639 | 348,074 | 189,125 | 208,828 | 200,596 | 551,574 | 447,919 | 348,250 | 65,211 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,360,885 | 3,497,200 | 2,953,442 | 2,655,827 | 2,687,238 | 2,236,944 | 1,965,242 | 1,778,555 | 1,847,950 | 1,558,902 | 1,661,470 | 1,355,765 | 1,076,081 | 757,706 |
| total assets | 4,473,506 | 3,702,328 | 3,160,289 | 2,810,158 | 2,759,721 | 2,274,135 | 2,004,296 | 1,824,061 | 1,917,370 | 1,647,682 | 1,730,080 | 1,390,782 | 1,125,488 | 820,871 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98,197 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 788,238 | 980,086 | 723,933 | 659,212 | 662,125 | 622,690 | 474,291 | 496,154 | 489,425 | 522,052 | 1,414,017 | 1,152,538 | 975,295 | 733,451 |
| 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 | 1,933,090 | 1,218,577 | 1,129,424 | 941,152 | 1,098,914 | 821,269 | 826,035 | 676,702 | 798,792 | 712,837 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,721,328 | 2,198,663 | 1,853,357 | 1,600,364 | 1,761,039 | 1,443,959 | 1,300,326 | 1,172,856 | 1,386,414 | 1,234,889 | 1,414,017 | 1,152,538 | 975,295 | 733,451 |
| 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 | 38,298 | 55,874 | 56,201 | 44,201 | 11,305 | 4,058 | 3,949 | 4,401 | 7,880 | 9,551 | 0 | 0 | 0 | 1,008 |
| total long term liabilities | 38,298 | 55,874 | 56,201 | 44,201 | 11,305 | 4,058 | 3,949 | 4,401 | 7,880 | 9,551 | 0 | 0 | 0 | 1,008 |
| total liabilities | 2,759,626 | 2,254,537 | 1,909,558 | 1,644,565 | 1,772,344 | 1,448,017 | 1,304,275 | 1,177,257 | 1,394,294 | 1,244,440 | 1,414,017 | 1,152,538 | 975,295 | 734,459 |
| net assets | 1,713,880 | 1,447,791 | 1,250,731 | 1,165,593 | 987,377 | 826,118 | 700,021 | 646,804 | 523,076 | 403,242 | 316,063 | 238,244 | 150,193 | 86,412 |
| total shareholders funds | 1,713,880 | 1,447,791 | 1,250,731 | 1,165,593 | 987,377 | 826,118 | 700,021 | 646,804 | 523,076 | 403,242 | 316,063 | 238,244 | 150,193 | 86,412 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 946,133 | 436,015 | 331,600 | 338,900 | 287,636 | |||||||||
| Depreciation | 115,912 | 130,135 | 95,112 | 60,884 | 25,482 | 28,577 | 31,930 | 41,820 | 53,518 | 40,214 | 33,652 | 34,028 | 29,120 | 15,529 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89 | 3,300 | 3,300 | 2,200 |
| Tax | -180,055 | -78,978 | -61,924 | -63,215 | -53,455 | |||||||||
| Stock | -148,200 | 184,500 | 3,000 | 9,250 | -750 | -11,400 | -6,100 | 0 | 0 | -2,000 | 5,000 | 0 | 0 | 55,000 |
| Debtors | 474,184 | 457,047 | 217,136 | 64,221 | 187,386 | -61,463 | 33,838 | -49,692 | 280,816 | 250,410 | 197,050 | 180,015 | 35,336 | 637,495 |
| Creditors | -191,848 | 256,153 | 64,721 | -2,913 | 39,435 | 148,399 | -21,863 | 6,729 | -32,627 | -891,965 | 261,479 | 177,243 | 241,844 | 733,451 |
| Accruals and Deferred Income | 714,513 | 89,153 | 188,272 | -157,762 | 277,645 | -4,766 | 149,333 | -122,090 | 85,955 | 712,837 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -17,576 | -327 | 12,000 | 32,896 | 7,247 | 109 | -452 | -3,479 | -1,671 | 9,551 | 0 | 0 | -1,008 | 1,008 |
| Cash flow from operations | 1,061,095 | 190,604 | 242,348 | 100,044 | -143,592 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -17,906 | -34,158 | -60,384 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -17,906 | -34,158 | -60,384 | |||||||||
| 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 | ||||||||||||||
| interest | 11 | 23 | -25,948 | -35,851 | -27,002 | |||||||||
| cash flow from financing | 11 | 23 | -25,948 | -35,851 | -27,002 | |||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 537,701 | -97,789 | 77,479 | -104,882 | 263,658 | 344,565 | 158,949 | -19,703 | 8,232 | -350,978 | 103,655 | 99,669 | 283,039 | 65,211 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -98,197 | 98,197 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 537,701 | -97,789 | 77,479 | -104,882 | 263,658 | 344,565 | 158,949 | 78,494 | -89,965 | -350,978 | 103,655 | 99,669 | 283,039 | 65,211 |
cannon packing and logistics limited Credit Report and Business Information
Cannon Packing And Logistics Limited Competitor Analysis
Perform a competitor analysis for cannon packing and logistics limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cannon packing and logistics limited Ownership
CANNON PACKING AND LOGISTICS LIMITED group structure
Cannon Packing And Logistics Limited has no subsidiary companies.
Ultimate parent company
CANNON PACKING AND LOGISTICS LIMITED
06490909
cannon packing and logistics limited directors
Cannon Packing And Logistics Limited currently has 3 directors. The longest serving directors include Mr Ian Doye (Nov 2008) and Mr John Alder (Nov 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Doye | United Kingdom | 58 years | Nov 2008 | - | Director |
| Mr John Alder | 73 years | Nov 2008 | - | Director | |
| Mr Greg Alder | England | 46 years | May 2013 | - | Director |
P&L
October 2022turnover
13.8m
+21%
operating profit
946.1k
+117%
gross margin
27.4%
-4.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
1.7m
+0.18%
total assets
4.5m
+0.21%
cash
1.4m
+0.65%
net assets
Total assets minus all liabilities
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cannon packing and logistics limited company details
company number
06490909
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
February 2008
age
16
accounts
Full Accounts
ultimate parent company
previous names
crestmoor logistics limited (November 2008)
incorporated
UK
address
cannon packing & logistics ltd, 184 park drive,, abingdon, oxfordshire, OX14 4SE
last accounts submitted
October 2022
cannon packing and logistics 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 4 charges/mortgages relating to cannon packing and logistics limited. Currently there are 1 open charges and 3 have been satisfied in the past.
cannon packing and logistics limited Companies House Filings - See Documents
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