Lake District Farmers Ltd

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SOLUTIONS

lake district farmers ltd Company Information

Live

EstablishedMidDeclining

Company Number

06899606

Website

www.lakedistrictfarmers.co.uk

Registered Address

unit 6 lake district farmers, beehive business park, ulverston, cumbria, LA12 7TW

Industry

Processing and preserving of meat

Telephone

01229588299

Next Accounts Due

September 2024

Group Structure

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Directors

Daniel Austin14 Years

Hayden Armstrong11 Years

View All

Shareholders

hayden ray armstrong 68.4%

daniel david austin 31.6%

lake district farmers ltd Estimated Valuation

£2.5m - £5.2m

The estimated valuation range for lake district farmers ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £2.5m to £5.2m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Lake District Farmers Ltd is a live company located in ulverston, LA12 7TW with a Companies House number of 06899606. It operates in the processing and preserving of meat sector, SIC Code 10110. Founded in May 2009, it's largest shareholder is hayden ray armstrong with a 68.4% stake. Lake District Farmers Ltd is a established, mid sized company, Pomanda has estimated its turnover at £7.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Lake District Farmers Ltd 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 £7.5m, make it smaller than the average company (£21.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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LAKE DISTRICT FARMERS LTD group structure

Lake District Farmers Ltd has no subsidiary companies.

Ultimate parent company

LAKE DISTRICT FARMERS LTD

06899606

LAKE DISTRICT FARMERS LTD Shareholders

hayden ray armstrong	68.42%
daniel david austin	31.58%

Lake District Farmers Ltd currently has 3 directors. The longest serving directors include Mr Daniel Austin (May 2009) and Mr Hayden Armstrong (Sep 2012).

officer	country	age	start	end	role
Mr Daniel Austin	England	36 years	May 2009	-	Director
Mr Hayden Armstrong	England	30 years	Sep 2012	-	Director
Mr David Dole	England	49 years	Apr 2023	-	Director

EXPORT

Lake District Farmers Ltd's latest turnover from December 2022 is estimated at £7.5 million and the company has net assets of £3 million. According to their latest financial statements, Lake District Farmers Ltd has 36 employees and maintains cash reserves of £719.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	7,501,891	6,851,011	4,726,836	7,807,961	6,196,944	6,541,732	6,283,351	5,952,129	4,974,053	4,700,192	3,945,325	3,152,325	1,785,357
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,322,865	5,747,441	4,105,480	6,825,409	5,391,557	5,697,282	5,347,272	5,151,892	4,408,606	4,152,723	3,505,430	2,610,173	1,595,333
Gross Profit	1,179,026	1,103,569	621,355	982,553	805,387	844,450	936,080	800,236	565,447	547,469	439,895	542,152	190,024
Admin Expenses	689,390	895,000	326,288	1,453,388	478,317	304,002	111,388	479,978	-46,245	189,533	176,913	408,261	96,685
Operating Profit	489,636	208,569	295,067	-470,835	327,070	540,448	824,692	320,258	611,692	357,936	262,982	133,891	93,339
Interest Payable	83,886	25,946	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	25,752	1,538	273	4,518	10,061	3,426	2,353	3,417	2,499	1,270	820	401	49
Pre-Tax Profit	431,502	184,162	293,815	-466,317	337,131	543,874	827,045	323,675	614,191	359,206	263,803	134,292	93,389
Tax	-81,985	-34,991	-55,825	0	-64,055	-103,336	-165,409	-64,735	-128,980	-82,617	-63,313	-34,916	-26,149
Profit After Tax	349,517	149,171	237,990	-466,317	273,076	440,538	661,636	258,940	485,211	276,589	200,490	99,376	67,240
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	349,517	149,171	237,990	-466,317	273,076	440,538	661,636	258,940	485,211	276,589	200,490	99,376	67,240
Employee Costs	1,136,527	1,078,150	1,021,161	967,852	797,673	709,395	709,308	603,368	494,237	415,913	406,387	330,973	206,943
Number Of Employees	36	36	36	37	30	28	28	25	21	18	17	14	9
EBITDA*	631,266	296,781	357,690	-389,980	384,120	597,583	882,775	343,832	629,173	371,336	270,800	138,083	95,134

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	3,070,043	2,420,404	1,806,013	1,291,534	230,139	193,737	183,342	131,518	89,925	50,158	54,400	20,221	7,505
Intangible Assets	19,400	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,089,443	2,420,404	1,806,013	1,291,534	230,139	193,737	183,342	131,518	89,925	50,158	54,400	20,221	7,505
Stock & work in progress	182,229	75,010	45,000	55,000	50,000	50,000	40,000	40,000	40,000	35,000	33,000	0	0
Trade Debtors	1,082,102	995,635	493,941	1,274,438	1,244,999	1,257,713	1,225,276	1,056,460	804,471	724,279	530,415	294,166	169,245
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	399,258	370,227	430,056	603,642	635,183	0	0	0	0	0	0	0	0
Cash	719,427	752,125	478,189	67,976	1,136,754	1,546,244	1,194,645	687,531	679,104	320,556	187,566	140,630	19,782
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,383,016	2,192,997	1,447,186	2,001,056	3,066,936	2,853,957	2,459,921	1,783,991	1,523,575	1,079,835	750,981	434,796	189,027
total assets	5,472,459	4,613,401	3,253,199	3,292,590	3,297,075	3,047,694	2,643,263	1,915,509	1,613,500	1,129,993	805,381	455,017	196,532
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	67,187	92,495	4,167	0	0	0	0	0	0	0	0	0	0
Trade Creditors	755,574	792,456	545,087	798,775	307,367	530,137	566,937	509,098	465,610	474,662	427,295	284,257	127,616
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	266,284	107,528	78,432	171,108	195,667	0	0	0	0	0	0	0	0
total current liabilities	1,089,045	992,479	627,686	969,883	503,034	530,137	566,937	509,098	465,610	474,662	427,295	284,257	127,616
loans	918,572	687,762	45,833	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	27,808	77,603	0	0	0	0	0	0	0	0	0	0	0
provisions	403,477	171,517	44,811	25,828	30,845	27,437	26,744	18,465	18,884	11,536	10,880	4,044	1,576
total long term liabilities	1,349,857	936,882	90,644	25,828	30,845	27,437	26,744	18,465	18,884	11,536	10,880	4,044	1,576
total liabilities	2,438,902	1,929,361	718,330	995,711	533,879	557,574	593,681	527,563	484,494	486,198	438,175	288,301	129,192
net assets	3,033,557	2,684,040	2,534,869	2,296,879	2,763,196	2,490,120	2,049,582	1,387,946	1,129,006	643,795	367,206	166,716	67,340
total shareholders funds	3,033,557	2,684,040	2,534,869	2,296,879	2,763,196	2,490,120	2,049,582	1,387,946	1,129,006	643,795	367,206	166,716	67,340

	Dec 2022	Dec 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	489,636	208,569	295,067	-470,835	327,070	540,448	824,692	320,258	611,692	357,936	262,982	133,891	93,339
Depreciation	141,630	88,212	62,623	80,855	57,050	57,135	58,083	23,574	17,481	13,400	7,818	4,192	1,795
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-81,985	-34,991	-55,825	0	-64,055	-103,336	-165,409	-64,735	-128,980	-82,617	-63,313	-34,916	-26,149
Stock	107,219	30,010	-10,000	5,000	0	10,000	0	0	5,000	2,000	33,000	0	0
Debtors	115,498	441,865	-954,083	-2,102	622,469	32,437	168,816	251,989	80,192	193,864	236,249	124,921	169,245
Creditors	-36,882	247,369	-253,688	491,408	-222,770	-36,800	57,839	43,488	-9,052	47,367	143,038	156,641	127,616
Accruals and Deferred Income	158,756	29,096	-92,676	-24,559	195,667	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	231,960	126,706	18,983	-5,017	3,408	693	8,279	-419	7,348	656	6,836	2,468	1,576
Cash flow from operations	680,398	193,086	938,567	68,954	-326,099	415,703	614,668	70,177	413,297	140,878	88,112	137,355	28,932
Investing Activities
capital expenditure	-810,669	-702,603	-577,102	-1,142,250	-93,452	-67,530	-109,907	-65,167	-57,248	-9,158	-41,997	-16,908	-9,300
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-810,669	-702,603	-577,102	-1,142,250	-93,452	-67,530	-109,907	-65,167	-57,248	-9,158	-41,997	-16,908	-9,300
Financing Activities
Bank loans	-25,308	88,328	4,167	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	230,810	641,929	45,833	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
other long term liabilities	-49,795	77,603	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-58,134	-24,408	-1,252	4,518	10,061	3,426	2,353	3,417	2,499	1,270	820	401	49
cash flow from financing	97,573	783,452	48,748	4,518	10,061	3,426	2,353	3,417	2,499	1,270	820	401	149
cash and cash equivalents
cash	-32,698	273,936	410,213	-1,068,778	-409,490	351,599	507,114	8,427	358,548	132,990	46,936	120,848	19,782
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-32,698	273,936	410,213	-1,068,778	-409,490	351,599	507,114	8,427	358,548	132,990	46,936	120,848	19,782

P&L

December 2022

turnover

7.5m

+10%

operating profit

489.6k

gross margin

15.8%

-2.43%

turnover

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

Balance Sheet

December 2022

net assets

+0.13%

total assets

5.5m

+0.19%

cash

719.4k

-0.04%

net assets

Total assets minus all liabilities

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company number

06899606

Type

Private limited with Share Capital

industry

10110 - Processing and preserving of meat

incorporation date

May 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 6 lake district farmers, beehive business park, ulverston, cumbria, LA12 7TW

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 found 3 charges/mortgages relating to lake district farmers ltd. Currently there are 3 open charges and 0 have been satisfied in the past.

lake district farmers ltd Company Information

lake district farmers ltd Estimated Valuation

lake district farmers ltd Estimated Valuation

lake district farmers ltd Estimated Valuation

Lake District Farmers Ltd AI Business Plan

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LAKE DISTRICT FARMERS LTD financials

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