Horizon Foods Distributors Limited

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horizon foods distributors limited Company Information

Live

EstablishedMidHigh

Company Number

06944097

Website

www.horizonfoodsroti.com

Registered Address

333-335 bedworth road, longford, coventry, CV6 6BN

Industry

Wholesale of meat and meat products

Telephone

02088073820

Next Accounts Due

December 2024

Group Structure

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Directors

Suhaib Arshad13 Years

Muhammad Naveed6 Years

Shareholders

muhammad naveed 40%

muhammad kashif iqbal 30%

View All

horizon foods distributors limited Estimated Valuation

£2.5m - £3.4m

The estimated valuation range for horizon foods distributors limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £2.5m to £3.4m

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

Horizon Foods Distributors Limited AI Business Plan

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Horizon Foods Distributors Limited is a live company located in coventry, CV6 6BN with a Companies House number of 06944097. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in June 2009, it's largest shareholder is muhammad naveed with a 40% stake. Horizon Foods Distributors Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.4m with high growth in recent years.

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Pomanda's financial health check has awarded Horizon Foods Distributors Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £12.4m, make it smaller than the average company (£24.2m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HORIZON FOODS DISTRIBUTORS LIMITED group structure

Horizon Foods Distributors Limited has no subsidiary companies.

Ultimate parent company

HORIZON FOODS DISTRIBUTORS LIMITED

06944097

HORIZON FOODS DISTRIBUTORS LIMITED Shareholders

muhammad naveed	40%
muhammad kashif iqbal	30%
suhaib arshad	30%

Horizon Foods Distributors Limited currently has 2 directors. The longest serving directors include Mr Suhaib Arshad (May 2010) and Mr Muhammad Naveed (Jul 2017).

officer	country	age	start	end	role
Mr Suhaib Arshad		37 years	May 2010	-	Director
Mr Muhammad Naveed	England	49 years	Jul 2017	-	Director

EXPORT

Horizon Foods Distributors Limited's latest turnover from March 2023 is estimated at £12.4 million and the company has net assets of £1.7 million. According to their latest financial statements, Horizon Foods Distributors Limited has 18 employees and maintains cash reserves of £391.6 thousand 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
Turnover	12,416,869	10,981,461	9,741,578	7,300,937	6,465,992	5,443,800	4,560,511	3,063,981	2,689,992	1,831,285	1,730,761	947,568	408,557
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,342,313	10,129,445	9,139,088	6,818,126	5,959,560	5,339,570	4,394,310	2,852,988	2,506,086	1,700,720	1,602,557	877,378	378,294
Gross Profit	1,074,555	852,016	602,490	482,811	506,431	104,230	166,201	210,993	183,906	130,565	128,204	70,190	30,263
Admin Expenses	488,568	561,129	594,291	346,440	297,072	-179,540	-11,902	-76,918	112,830	98,885	117,282	25,098	6,518
Operating Profit	585,987	290,887	8,199	136,371	209,359	283,770	178,103	287,911	71,076	31,680	10,922	45,092	23,745
Interest Payable	26,394	11,813	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,976	546	53	89	487	226	130	227	188	246	170	20	5
Pre-Tax Profit	570,569	279,621	8,252	136,459	209,846	283,996	178,234	288,138	71,265	31,926	11,092	45,112	23,750
Tax	-108,408	-53,128	-1,568	-25,927	-39,871	-53,959	-35,647	-57,627	-14,966	-7,343	-2,662	-11,729	-6,650
Profit After Tax	462,161	226,493	6,684	110,532	169,975	230,037	142,587	230,510	56,299	24,583	8,430	33,383	17,100
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	462,161	226,493	6,684	110,532	169,975	230,037	142,587	230,510	56,299	24,583	8,430	33,383	17,100
Employee Costs	691,289	619,240	464,924	463,211	461,395	345,859	348,673	112,478	81,906	53,150	53,043	27,469	27,156
Number Of Employees	18	18	14	14	15	12	12	4	3	2	2	1	1
EBITDA*	662,297	351,803	59,486	207,375	244,771	326,621	227,762	304,178	83,176	35,352	15,302	48,361	27,685

* 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
Tangible Assets	355,963	278,670	216,587	244,816	161,970	194,452	220,942	156,150	67,479	19,444	23,116	16,391	19,660
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	301,410	260,786	195,562	26,563	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	657,373	539,456	412,149	271,379	161,970	194,452	220,942	156,150	67,479	19,444	23,116	16,391	19,660
Stock & work in progress	383,709	481,830	446,883	470,843	328,005	290,288	185,502	153,646	138,327	99,515	107,547	63,012	60,000
Trade Debtors	2,641,660	2,279,958	1,977,054	1,393,852	1,217,446	997,078	819,851	474,083	348,236	247,352	197,192	127,401	19,800
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	391,621	124,902	20,712	85,090	92,160	37,576	52,939	51,403	39,293	36,055	62,308	5,815	2,164
misc current assets	9,842	0	0	0	26,563	26,563	0	0	0	0	0	0	0
total current assets	3,426,832	2,886,690	2,444,649	1,949,785	1,664,174	1,351,505	1,058,292	679,132	525,856	382,922	367,047	196,228	81,964
total assets	4,084,205	3,426,146	2,856,798	2,221,164	1,826,144	1,545,957	1,279,234	835,282	593,335	402,366	390,163	212,619	101,624
Bank overdraft	165,000	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	300,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,861,668	1,660,453	1,197,639	1,117,973	913,140	740,328	722,924	448,297	453,440	318,770	331,150	162,036	84,424
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	14,536	29,605	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	278,863	129,375	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,320,067	2,119,433	1,197,639	1,117,973	913,140	740,328	722,924	448,297	453,440	318,770	331,150	162,036	84,424
loans	0	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	45,264	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	0	0	628,939	79,655	0	62,600	43,318	16,580	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	45,264	50,000	628,939	79,655	0	62,600	43,318	16,580	0	0	0	0	0
total liabilities	2,365,331	2,169,433	1,826,578	1,197,628	913,140	802,928	766,242	464,877	453,440	318,770	331,150	162,036	84,424
net assets	1,718,874	1,256,713	1,030,220	1,023,536	913,004	743,029	512,992	370,405	139,895	83,596	59,013	50,583	17,200
total shareholders funds	1,718,874	1,256,713	1,030,220	1,023,536	913,004	743,029	512,992	370,405	139,895	83,596	59,013	50,583	17,200

	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	585,987	290,887	8,199	136,371	209,359	283,770	178,103	287,911	71,076	31,680	10,922	45,092	23,745	0
Depreciation	76,310	60,916	51,287	71,004	35,412	42,851	49,659	16,267	12,100	3,672	4,380	3,269	3,940	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-108,408	-53,128	-1,568	-25,927	-39,871	-53,959	-35,647	-57,627	-14,966	-7,343	-2,662	-11,729	-6,650	0
Stock	-98,121	34,947	-23,960	142,838	37,717	104,786	31,856	15,319	38,812	-8,032	44,535	3,012	60,000	0
Debtors	361,702	302,904	583,202	176,406	220,368	177,227	345,768	125,847	100,884	50,160	69,791	107,601	19,800	0
Creditors	201,215	462,814	79,666	204,833	172,812	17,404	274,627	-5,143	134,670	-12,380	169,114	77,612	84,424	0
Accruals and Deferred Income	149,488	129,375	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	641,011	553,013	-421,658	67,037	119,627	8,053	89,118	100,242	63,184	-26,499	67,428	3,631	25,659	0
Investing Activities
capital expenditure	-153,603	-122,999	-23,058	-153,850	-2,930	-16,361	-114,451	-104,938	-60,135	0	-11,105	0	-23,600	0
Change in Investments	40,624	65,224	168,999	26,563	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-194,227	-188,223	-192,057	-180,413	-2,930	-16,361	-114,451	-104,938	-60,135	0	-11,105	0	-23,600	0
Financing Activities
Bank loans	-300,000	300,000	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	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	30,195	29,605	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-628,939	549,284	79,655	-62,600	19,282	26,738	16,580	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100	0
interest	-15,418	-11,267	53	89	487	226	130	227	188	246	170	20	5	0
cash flow from financing	-335,223	-260,601	549,337	79,744	-62,113	19,508	26,868	16,807	188	246	170	20	105	0
cash and cash equivalents
cash	266,719	104,190	-64,378	-7,070	54,584	-15,363	1,536	12,110	3,238	-26,253	56,493	3,651	2,164	0
overdraft	165,000	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	101,719	104,190	-64,378	-7,070	54,584	-15,363	1,536	12,110	3,238	-26,253	56,493	3,651	2,164	0

P&L

March 2023

turnover

12.4m

+13%

operating profit

586k

gross margin

8.7%

+11.54%

turnover

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

Balance Sheet

March 2023

net assets

1.7m

+0.37%

total assets

4.1m

+0.19%

cash

391.6k

+2.14%

net assets

Total assets minus all liabilities

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company number

06944097

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

June 2009

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

06944097 limited (April 2011)

incorporated

address

333-335 bedworth road, longford, coventry, CV6 6BN

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 horizon foods distributors limited. Currently there are 2 open charges and 0 have been satisfied in the past.

horizon foods distributors limited Company Information

horizon foods distributors limited Estimated Valuation

horizon foods distributors limited Estimated Valuation

horizon foods distributors limited Estimated Valuation

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