Adf Milking Limited

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adf milking limited Company Information

Live

EstablishedSmallDeclining

Company Number

06890537

Website

www.adfmilking.com

Registered Address

100 avebury boulevard, milton keynes, MK9 1FH

Industry

Manufacture of agricultural and forestry machinery (other than agricultural tractors)

Telephone

01243814030

Next Accounts Due

December 2024

Group Structure

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Directors

James Duke14 Years

Antonio Solazzo14 Years

Shareholders

an udder company ltd 100%

adf milking limited Estimated Valuation

£13.6m

Pomanda estimates the enterprise value of ADF MILKING LIMITED at £13.6m based on Net Assets of £6.8m and 2x industry multiple (adjusted for liquidity).

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Adf Milking Limited is a live company located in milton keynes, MK9 1FH with a Companies House number of 06890537. It operates in the manufacture of agricultural and forestry machinery other than tractors sector, SIC Code 28302. Founded in April 2009, it's largest shareholder is an udder company ltd with a 100% stake. Adf Milking Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.

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Pomanda's financial health check has awarded Adf Milking Limited a 5 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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £4m, make it smaller than the average company (£18.2m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (9.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADF MILKING LIMITED group structure

Adf Milking Limited has no subsidiary companies.

Ultimate parent company

AN UDDER COMPANY LIMITED

07016384

1 parent

ADF MILKING LIMITED

06890537

ADF MILKING LIMITED Shareholders

an udder company ltd

100%

Adf Milking Limited currently has 2 directors. The longest serving directors include Mr James Duke (Sep 2009) and Mr Antonio Solazzo (Nov 2009).

officer	country	age	start	end	role
Mr James Duke	United Kingdom	64 years	Sep 2009	-	Director
Mr Antonio Solazzo	England	52 years	Nov 2009	-	Director

EXPORT

Adf Milking Limited's latest turnover from March 2023 is estimated at £4 million and the company has net assets of £6.8 million. According to their latest financial statements, Adf Milking Limited has 18 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,007,635	4,146,053	3,753,726	4,620,811	4,424,270	3,137,267	2,746,590	2,543,151	10,510,939	9,486,230	10,186,313	6,237,033	3,263,235	2,494,644
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,869,695	3,022,699	2,807,296	3,466,463	3,309,454	2,376,597	1,995,714	1,844,930	7,433,435	7,044,899	7,717,521	4,655,386	2,451,955	1,931,420
Gross Profit	1,137,940	1,123,354	946,430	1,154,348	1,114,816	760,670	750,876	698,221	3,077,505	2,441,331	2,468,792	1,581,647	811,280	563,224
Admin Expenses	-2,278,458	5,043,485	-916,892	-620,656	-750,041	-73,928	364,369	487,968	2,580,178	2,210,943	1,334,418	896,891	584,697	423,142
Operating Profit	3,416,398	-3,920,131	1,863,322	1,775,004	1,864,857	834,598	386,507	210,253	497,327	230,388	1,134,374	684,756	226,583	140,082
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	92,727	25,937	4,507	3,456	19,627	7,202	1,982	4,099	3,506	3,126	2,937	2,059	1,201	526
Pre-Tax Profit	3,509,125	-3,894,194	1,867,828	1,778,460	1,884,484	841,800	388,489	214,353	500,833	233,514	1,137,311	686,815	227,783	140,608
Tax	-666,734	0	-354,887	-337,907	-358,052	-159,942	-77,698	-42,870	-105,175	-53,708	-272,955	-178,572	-63,779	-39,370
Profit After Tax	2,842,391	-3,894,194	1,512,941	1,440,553	1,526,432	681,858	310,791	171,482	395,658	179,806	864,356	508,243	164,004	101,238
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,842,391	-3,894,194	1,512,941	1,440,553	1,526,432	681,858	310,791	171,482	395,658	179,806	864,356	508,243	164,004	101,238
Employee Costs	693,518	859,427	845,847	790,882	813,288	612,743	611,122	775,111	2,274,856	1,922,225	2,072,302	1,221,830	710,002	512,783
Number Of Employees	18	23	23	22	23	18	18	23	70	62	68	42	25	18
EBITDA*	3,483,242	-3,870,278	1,906,250	1,819,448	1,917,926	890,958	420,429	257,335	538,799	288,259	1,191,931	734,693	252,122	155,722

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	183,803	82,001	56,729	50,146	52,479	63,917	80,916	77,622	104,321	77,139	87,375	98,634	108,244	15,210
Intangible Assets	19,737	26,765	21,384	35,631	29,705	18,036	18,994	26,416	6,065	11,902	26,798	32,904	33,674	43,547
Investments & Other	28,926	28,926	28,926	28,926	21,037	21,037	21,037	21,037	20,983	20,983	20,983	104	104	45
Debtors (Due After 1 year)	0	0	0	0	0	5,100	0	0	0	0	179,476	10,834	0	0
Total Fixed Assets	232,466	137,692	107,039	114,703	103,221	108,090	120,947	125,075	131,369	110,024	314,632	142,476	142,022	58,802
Stock & work in progress	1,030,862	944,467	873,458	783,176	481,725	354,021	475,026	421,063	522,272	321,738	338,584	191,731	161,161	89,404
Trade Debtors	872,062	887,777	708,270	952,858	914,234	609,983	548,313	477,174	2,701,621	2,546,389	2,293,638	1,316,598	589,768	356,414
Group Debtors	3,594,070	2,541,321	3,147,793	2,776,907	2,427,862	2,191,608	0	0	0	0	0	0	0	0
Misc Debtors	354,712	305,533	125,744	192,310	121,779	101,030	2,843,364	2,219,529	0	0	0	0	0	0
Cash	2,619,714	1,743,916	5,172,626	3,840,869	3,071,870	2,162,096	718,548	867,110	772,641	629,689	620,830	553,927	269,818	210,422
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,471,420	6,423,014	10,027,891	8,546,120	7,017,470	5,418,738	4,585,251	3,984,876	3,996,534	3,497,816	3,253,052	2,062,256	1,020,747	656,240
total assets	8,703,886	6,560,706	10,134,930	8,660,823	7,120,691	5,526,828	4,706,198	4,109,951	4,127,903	3,607,840	3,567,684	2,204,732	1,162,769	715,042
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	608,147	550,445	403,259	454,261	407,107	402,831	321,757	216,963	1,826,763	1,709,458	1,847,308	1,353,808	831,277	609,544
Group/Directors Accounts	541,587	1,330,989	1,440,972	1,349,610	1,265,242	1,290,349	1,220,425	1,197,332	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	653,842	624,353	344,586	426,680	439,808	355,946	369,272	214,718	0	0	0	0	0	0
total current liabilities	1,803,576	2,505,787	2,188,817	2,230,551	2,112,157	2,049,126	1,911,454	1,629,013	1,826,763	1,709,458	1,847,308	1,353,808	831,277	609,544
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	100	6,215	6,215	6,215	2,200	13,034	13,034	12,534	17,038	13,649	0
provisions	94,750	91,750	88,750	85,750	98,450	94,050	92,950	93,950	74,800	67,700	70,000	60,400	52,600	4,259
total long term liabilities	94,750	91,750	88,750	85,850	104,665	100,265	99,165	96,150	87,834	80,734	82,534	77,438	66,249	4,259
total liabilities	1,898,326	2,597,537	2,277,567	2,316,401	2,216,822	2,149,391	2,010,619	1,725,163	1,914,597	1,790,192	1,929,842	1,431,246	897,526	613,803
net assets	6,805,560	3,963,169	7,857,363	6,344,422	4,903,869	3,377,437	2,695,579	2,384,788	2,213,306	1,817,648	1,637,842	773,486	265,243	101,239
total shareholders funds	6,805,560	3,963,169	7,857,363	6,344,422	4,903,869	3,377,437	2,695,579	2,384,788	2,213,306	1,817,648	1,637,842	773,486	265,243	101,239

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	3,416,398	-3,920,131	1,863,322	1,775,004	1,864,857	834,598	386,507	210,253	497,327	230,388	1,134,374	684,756	226,583	140,082
Depreciation	52,521	36,715	28,681	34,170	44,181	38,588	26,499	43,989	35,635	42,975	43,006	38,659	14,578	4,753
Amortisation	14,323	13,138	14,247	10,274	8,888	17,772	7,423	3,093	5,837	14,896	14,551	11,278	10,961	10,887
Tax	-666,734	0	-354,887	-337,907	-358,052	-159,942	-77,698	-42,870	-105,175	-53,708	-272,955	-178,572	-63,779	-39,370
Stock	86,395	71,009	90,282	301,451	127,704	-121,005	53,963	-101,209	200,534	-16,846	146,853	30,570	71,757	89,404
Debtors	1,086,213	-247,176	59,732	458,200	556,154	-483,956	694,974	-4,918	155,232	73,275	1,145,682	737,664	233,354	356,414
Creditors	57,702	147,186	-51,002	47,154	4,276	81,074	104,794	-1,609,800	117,305	-137,850	493,500	522,531	221,733	609,544
Accruals and Deferred Income	29,489	279,767	-82,094	-13,128	83,862	-13,326	154,554	214,718	0	0	0	0	0	0
Deferred Taxes & Provisions	3,000	3,000	3,000	-12,700	4,400	1,100	-1,000	19,150	7,100	-2,300	9,600	7,800	48,341	4,259
Cash flow from operations	1,734,091	-3,264,158	1,271,253	743,216	968,554	1,404,825	-147,858	-1,055,340	202,263	37,972	129,541	318,218	153,306	284,337
Investing Activities
capital expenditure	-161,618	-80,506	-35,264	-48,037	-53,300	-38,403	-29,794	-40,734	-62,817	-32,739	-40,192	-39,557	-108,700	-74,397
Change in Investments	0	0	0	7,889	0	0	0	54	0	0	20,879	0	59	45
cash flow from investments	-161,618	-80,506	-35,264	-55,926	-53,300	-38,403	-29,794	-40,788	-62,817	-32,739	-61,071	-39,557	-108,759	-74,442
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-789,402	-109,983	91,362	84,368	-25,107	69,924	23,093	1,197,332	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	-100	-6,115	0	0	4,015	-10,834	0	500	-4,504	3,389	13,649	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	92,727	25,937	4,507	3,456	19,627	7,202	1,982	4,099	3,506	3,126	2,937	2,059	1,201	526
cash flow from financing	-696,675	-84,046	95,769	81,709	-5,480	77,126	29,090	1,190,597	3,506	3,626	-1,567	5,448	14,850	527
cash and cash equivalents
cash	875,798	-3,428,710	1,331,757	768,999	909,774	1,443,548	-148,562	94,469	142,952	8,859	66,903	284,109	59,396	210,422
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	875,798	-3,428,710	1,331,757	768,999	909,774	1,443,548	-148,562	94,469	142,952	8,859	66,903	284,109	59,396	210,422

P&L

March 2023

turnover

-3%

operating profit

3.4m

gross margin

28.4%

+4.8%

turnover

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

Balance Sheet

March 2023

net assets

6.8m

+0.72%

total assets

8.7m

+0.33%

cash

2.6m

+0.5%

net assets

Total assets minus all liabilities

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company number

06890537

Type

Private limited with Share Capital

industry

28302 - Manufacture of agricultural and forestry machinery (other than agricultural tractors)

incorporation date

April 2009

age

accounts

Small Company

ultimate parent company

AN UDDER COMPANY LIMITED

previous names

N/A

incorporated

address

100 avebury boulevard, milton keynes, MK9 1FH

last accounts submitted

March 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.

We found 2 charges/mortgages relating to adf milking limited. Currently there are 2 open charges and 0 have been satisfied in the past.

adf milking limited Company Information

adf milking limited Estimated Valuation

adf milking limited Estimated Valuation

adf milking limited Estimated Valuation

Adf Milking Limited AI Business Plan

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