expo foods (midlands) ltd

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expo foods (midlands) ltd Company Information

Share EXPO FOODS (MIDLANDS) LTD

Company Number

06623358

Shareholders

ozgur yilmaz

ozgur soydas

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Group Structure

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Industry

Non-specialised wholesale trade

 

Registered Address

293 green lanes, palmers green, london, N13 4XS

expo foods (midlands) ltd Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of EXPO FOODS (MIDLANDS) LTD at £6.7m based on a Turnover of £15.6m and 0.43x industry multiple (adjusted for size and gross margin).

expo foods (midlands) ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of EXPO FOODS (MIDLANDS) LTD at £1.7m based on an EBITDA of £348.3k and a 5.02x industry multiple (adjusted for size and gross margin).

expo foods (midlands) ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of EXPO FOODS (MIDLANDS) LTD at £2.4m based on Net Assets of £876.3k and 2.75x industry multiple (adjusted for liquidity).

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Expo Foods (midlands) Ltd Overview

Expo Foods (midlands) Ltd is a live company located in london, N13 4XS with a Companies House number of 06623358. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in June 2008, it's largest shareholder is ozgur yilmaz with a 40% stake. Expo Foods (midlands) Ltd is a established, mid sized company, Pomanda has estimated its turnover at £15.6m with rapid growth in recent years.

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Expo Foods (midlands) Ltd Health Check

Pomanda's financial health check has awarded Expo Foods (Midlands) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £15.6m, make it in line with the average company (£16.2m)

£15.6m - Expo Foods (midlands) Ltd

£16.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (6.3%)

35% - Expo Foods (midlands) Ltd

6.3% - Industry AVG

production

Production

with a gross margin of 24.9%, this company has a comparable cost of product (27.6%)

24.9% - Expo Foods (midlands) Ltd

27.6% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (5.1%)

1.8% - Expo Foods (midlands) Ltd

5.1% - Industry AVG

employees

Employees

with 57 employees, this is above the industry average (41)

57 - Expo Foods (midlands) Ltd

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.4k, the company has an equivalent pay structure (£44.5k)

£39.4k - Expo Foods (midlands) Ltd

£44.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £273.4k, this is less efficient (£379k)

£273.4k - Expo Foods (midlands) Ltd

£379k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 14 days, this is earlier than average (52 days)

14 days - Expo Foods (midlands) Ltd

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 22 days, this is quicker than average (32 days)

22 days - Expo Foods (midlands) Ltd

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is less than average (77 days)

23 days - Expo Foods (midlands) Ltd

77 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (14 weeks)

7 weeks - Expo Foods (midlands) Ltd

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 59.5%, this is a higher level of debt than the average (47.3%)

59.5% - Expo Foods (midlands) Ltd

47.3% - Industry AVG

EXPO FOODS (MIDLANDS) LTD financials

EXPORTms excel logo

Expo Foods (Midlands) Ltd's latest turnover from December 2023 is £15.6 million and the company has net assets of £876.3 thousand. According to their latest financial statements, Expo Foods (Midlands) Ltd has 57 employees and maintains cash reserves of £148 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover15,586,30713,287,5496,041,4016,325,1856,262,0495,826,8785,571,3124,105,0811,821,1032,529,9422,534,3232,115,4812,002,1951,706,5241,718,437
Other Income Or Grants000000000000000
Cost Of Sales11,711,68010,193,9584,373,5594,609,3174,548,2744,268,4834,046,9972,945,3801,306,0551,825,7211,822,7601,518,3631,445,6901,222,7451,314,312
Gross Profit3,874,6273,093,5911,667,8421,715,8671,713,7751,558,3961,524,3161,159,701515,048704,221711,564597,118556,505483,780404,125
Admin Expenses3,599,6032,993,4591,636,4471,581,1101,580,5551,444,5721,422,3331,139,706512,559709,027445,559569,889384,699406,821454,178
Operating Profit275,024100,13231,395134,757133,220113,824101,98319,9952,489-4,806266,00527,229171,80676,959-50,053
Interest Payable35,17821,13614,9748,9145,1869,8428,8075,3832,64800000379
Interest Receivable004821225773021325208495382170136209
Pre-Tax Profit239,84678,99616,902125,965128,610104,28493,18914,63849-4,311266,38727,399171,94276,979-50,432
Tax-68,353-13,027-3,211-23,933-24,436-19,814-17,706-2,927-100-61,269-6,576-44,705-21,5540
Profit After Tax171,49365,96913,691102,032104,17484,47075,48311,71039-4,311205,11820,823127,23755,425-50,432
Dividends Paid115,0004,5000000000000000
Retained Profit56,49361,46913,691102,032104,17484,47075,48311,71039-4,311205,11820,823127,23755,425-50,432
Employee Costs2,245,7421,831,5591,932,7801,886,9081,622,7411,550,5771,371,2571,093,781240,096302,669302,364265,422229,793225,4900
Number Of Employees57544850434238317998770
EBITDA*348,319156,38532,520136,163134,977143,126104,72940,15915,76211,896275,15938,251196,151101,137-28,169

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets331,759223,307205,998244,128259,464118,926108,90484,08657,37075,36036,61744,08641,83965,51978,222
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets331,759223,307205,998244,128259,464118,926108,90484,08657,37075,36036,61744,08641,83965,51978,222
Stock & work in progress738,780855,220712,2611,017,6711,143,3671,168,3501,228,534902,628612,886567,307527,288332,065325,120335,296308,609
Trade Debtors604,446473,398344,703323,638281,084191,483293,461170,350131,472265,901279,941269,424239,22999,025398,010
Group Debtors69,00069,00047,0000005,990048,056000069,7740
Misc Debtors272,433274,537245,130202,488185,536190,67774,94363,91259,382000000
Cash148,000116,787218,780166,58177,95575,8674,64657219,73263,422134,70918,11649,7884,7203,408
misc current assets000000000000000
total current assets1,832,6591,788,9421,567,8741,710,3781,687,9421,626,3771,607,5741,137,462871,528896,630941,938619,605614,137508,815710,027
total assets2,164,4182,012,2491,773,8721,954,5061,947,4061,745,3031,716,4781,221,548928,898971,990978,555663,691655,976574,334788,249
Bank overdraft129,167179,167229,167250,00042,261111,412180,19990,77681,476000000
Bank loan000000000000000
Trade Creditors 730,305711,920567,206694,462938,966864,051841,435593,889394,114605,246607,500497,754510,862556,457585,481
Group/Directors Accounts000048,24441,24449,24436,24436,243000000
other short term finances000000000000000
hp & lease commitments67,93962,75469,81085,23573,0069,2289,22810,0390000000
other current liabilities157,953143,17170,14455,59725,78845,35092,18170,04043,403000000
total current liabilities1,085,3641,097,012936,3271,085,2941,128,2651,071,2851,172,287800,988555,236605,246607,500497,754510,862556,457585,481
loans000000000000000
hp & lease commitments128,61056,95642,72980,444132,84895,38372,45929,0180000000
Accruals and Deferred Income000000000000000
other liabilities0000020,00000000000240,316
provisions74,13938,46936,47344,11643,67320,18917,75613,0496,879000000
total long term liabilities202,74995,42579,202124,560176,521135,57290,21542,0676,87900000240,316
total liabilities1,288,1131,192,4371,015,5291,209,8541,304,7861,206,8571,262,502843,055562,115605,246607,500497,754510,862556,457825,797
net assets876,305819,812758,343744,652642,620538,446453,976378,493366,783366,744371,055165,937145,11417,877-37,548
total shareholders funds876,305819,812758,343744,652642,620538,446453,976378,493366,783366,744371,055165,937145,11417,877-37,548
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit275,024100,13231,395134,757133,220113,824101,98319,9952,489-4,806266,00527,229171,80676,959-50,053
Depreciation73,29556,2531,1251,4061,75729,3022,74620,16413,27316,7029,15411,02224,34524,17821,884
Amortisation000000000000000
Tax-68,353-13,027-3,211-23,933-24,436-19,814-17,706-2,927-100-61,269-6,576-44,705-21,5540
Stock-116,440142,959-305,410-125,696-24,983-60,184325,906289,74245,57940,019195,2236,945-10,17626,687308,609
Debtors128,944180,102110,70759,50684,4607,766140,132-4,648-26,991-14,04010,51730,19570,430-229,211398,010
Creditors18,385144,714-127,256-244,50474,91522,616247,546199,775-211,132-2,254109,746-13,108-45,595-29,024585,481
Accruals and Deferred Income14,78273,02714,54729,809-19,562-46,83122,14126,63743,403000000
Deferred Taxes & Provisions35,6701,996-7,64344323,4842,4334,7076,1706,879000000
Cash flow from operations336,29940,034103,660-35,832129,901153,948-104,621-15,280-163,686-16,337117,896-18,57345,597253,083-149,307
Investing Activities
capital expenditure0037,00513,930-142,295-39,324-27,564-46,8804,717-55,445-1,685-13,269-665-11,475-100,106
Change in Investments000000000000000
cash flow from investments0037,00513,930-142,295-39,324-27,564-46,8804,717-55,445-1,685-13,269-665-11,475-100,106
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000-48,2447,000-8,00013,000136,243000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments76,8397,171-53,140-40,175101,24322,92442,63039,0570000000
other long term liabilities0000-20,00020,0000000000-240,316240,316
share issue0000000000000012,884
interest-35,178-21,136-14,492-8,792-4,609-9,540-8,794-5,358-2,44049538217013620-370
cash flow from financing41,661-13,965-67,632-97,21183,63425,38446,83633,70033,803495382170136-240,296252,830
cash and cash equivalents
cash31,213-101,99352,19988,6262,08871,2214,074-19,160-43,690-71,287116,593-31,67245,0681,3123,408
overdraft-50,000-50,000-20,833207,739-69,151-68,78789,4239,30081,476000000
change in cash81,213-51,99373,032-119,11371,239140,008-85,349-28,460-125,166-71,287116,593-31,67245,0681,3123,408

expo foods (midlands) ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Expo Foods (midlands) Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for expo foods (midlands) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in N13 area or any other competitors across 12 key performance metrics.

expo foods (midlands) ltd Ownership

EXPO FOODS (MIDLANDS) LTD group structure

Expo Foods (Midlands) Ltd has no subsidiary companies.

Ultimate parent company

EXPO FOODS (MIDLANDS) LTD

06623358

EXPO FOODS (MIDLANDS) LTD Shareholders

ozgur yilmaz 40%
ozgur soydas 17%
gokhan koseoglu 15%
zeynep merve inci soydas 13%
suna koseoglu 13%
ahmet akgul 2%

expo foods (midlands) ltd directors

Expo Foods (Midlands) Ltd currently has 2 directors. The longest serving directors include Mr Ozgur Yilmaz (Jun 2008) and Mr Gokhan Koseoglu (Sep 2010).

officercountryagestartendrole
Mr Ozgur YilmazUnited Kingdom48 years Jun 2008- Director
Mr Gokhan KoseogluUnited Kingdom57 years Sep 2010- Director

P&L

December 2023

turnover

15.6m

+17%

operating profit

275k

+175%

gross margin

24.9%

+6.77%

turnover

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

Balance Sheet

December 2023

net assets

876.3k

+0.07%

total assets

2.2m

+0.08%

cash

148k

+0.27%

net assets

Total assets minus all liabilities

expo foods (midlands) ltd company details

company number

06623358

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

June 2008

age

17

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

ADPL LLP

auditor

HERATH ASSOCIATES LTD

address

293 green lanes, palmers green, london, N13 4XS

Bank

-

Legal Advisor

-

expo foods (midlands) ltd 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 1 charges/mortgages relating to expo foods (midlands) ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

expo foods (midlands) ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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expo foods (midlands) ltd Companies House Filings - See Documents

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