Turfland Farms Limited

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turfland farms limited Company Information

Live

EstablishedSmallDeclining

Company Number

07048770

Website

http://stewartsturf.com

Registered Address

colpmans farm islip, kettering, northants, NN14 3LT

Industry

Growing of other perennial crops

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

Telephone

01832 777100

Next Accounts Due

September 2024

Group Structure

View All

Directors

Chantall Ridd-Jones14 Years

Stuart Ridd-Jones14 Years

Shareholders

harrowden turf (holdings) limited 100%

turfland farms limited Estimated Valuation

£11.1m

Pomanda estimates the enterprise value of TURFLAND FARMS LIMITED at £11.1m based on Net Assets of £3.5m and 3.15x industry multiple (adjusted for liquidity).

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Turfland Farms Limited is a live company located in northants, NN14 3LT with a Companies House number of 07048770. It operates in the growing of other perennial crops sector, SIC Code 01290. Founded in October 2009, it's largest shareholder is harrowden turf (holdings) limited with a 100% stake. Turfland Farms Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Turfland Farms Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£15.6m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6.3%)

EXPORT

Turfland Farms Limited's latest turnover from December 2022 is estimated at £3.4 million and the company has net assets of £3.5 million. According to their latest financial statements, Turfland Farms Limited has 14 employees and maintains cash reserves of £2.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Jan 2011
Turnover	3,381,310	1,975,838	2,433,725	3,774,169	2,246,776	2,196,488	3,830,835	5,583,192	4,805,485	5,245,642	3,711,617	3,391,547	3,550,987
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,491,998	1,428,272	2,001,074	3,136,763	1,747,648	1,780,233	3,171,881	3,565,878	2,926,960	4,214,329	2,927,525	2,572,378	2,724,727
Gross Profit	889,312	547,566	432,651	637,406	499,128	416,255	658,954	2,017,314	1,878,525	1,031,312	784,092	819,169	826,259
Admin Expenses	913,209	579,858	402,562	-3,735,043	412,641	-8,584	239,750	827,154	805,372	465,067	565,724	799,294	879,064
Operating Profit	-23,897	-32,292	30,089	4,372,449	86,487	424,839	419,204	1,190,160	1,073,153	566,245	218,368	19,875	-52,805
Interest Payable	0	1,563	1,525	234,144	472,233	446,343	432,443	214,683	239,392	493,940	468,900	221,105	221,105
Interest Receivable	519	65	13	3	3	9	34	0	65	55	9	0	0
Pre-Tax Profit	-23,378	-33,790	28,577	4,138,307	-385,743	-21,494	-13,205	702,391	584,459	72,361	-250,523	-201,230	-273,910
Tax	0	0	-5,430	-786,278	0	0	0	-136,796	-129,025	-16,643	0	0	0
Profit After Tax	-23,378	-33,790	23,147	3,352,029	-385,743	-21,494	-13,205	565,595	455,434	55,718	-250,523	-201,230	-273,910
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-23,378	-33,790	23,147	3,352,029	-385,743	-21,494	-13,205	565,595	455,434	55,718	-250,523	-201,230	-273,910
Employee Costs	573,703	419,660	373,126	416,194	441,463	430,785	412,249	1,109,502	1,066,401	1,320,298	1,314,443	1,241,236	1,044,493
Number Of Employees	14	11	10	11	12	12	23	24	24	48	42	48	40
EBITDA*	52,108	43,773	119,842	4,472,079	223,799	554,224	533,803	1,350,465	1,224,005	719,398	516,902	267,642	234,229

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Jan 2011
Tangible Assets	1,816,772	1,845,177	1,892,907	1,912,154	7,638,456	7,830,476	7,630,304	7,812,702	7,705,582	7,743,169	7,892,366	6,787,652	6,509,938
Intangible Assets	0	2,220	0	0	0	0	0	0	0	0	0	300,006	404,811
Investments & Other	26,650	26,650	26,650	79,950	79,950	79,950	79,950	79,950	79,950	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	1,843,422	1,874,047	1,919,557	1,992,104	7,718,406	7,910,426	7,710,254	7,892,652	7,785,532	7,743,169	7,892,366	7,087,658	6,914,749
Stock & work in progress	818,441	535,852	532,944	374,791	557,961	901,326	739,041	767,918	655,014	577,336	545,608	544,414	444,928
Trade Debtors	1,813	3,002	13,001	357,692	11,019	9,509	241,910	712,594	519,883	639,742	470,995	494,672	423,548
Group Debtors	1,133,996	1,371,760	3,023,140	2,873,888	69,579	0	268,052	37,283	25,568	0	0	0	0
Misc Debtors	390,928	319,821	207,465	492,518	6,246	26,036	12,575	39,385	43,001	0	0	0	0
Cash	2,708	26,968	24,772	561	160	752	3,042	23,758	8,554	18,640	3,505	60	40
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,347,886	2,257,403	3,801,322	4,099,450	644,965	937,623	1,264,620	1,580,938	1,252,020	1,235,718	1,020,108	1,039,146	868,516
total assets	4,191,308	4,131,450	5,720,879	6,091,554	8,363,371	8,848,049	8,974,874	9,473,590	9,037,552	8,978,887	8,912,474	8,126,804	7,783,265
Bank overdraft	0	0	0	0	497,929	0	609,706	702,346	622,531	0	0	0	0
Bank loan	0	0	5,000	0	154,118	650,443	0	0	0	0	0	0	0
Trade Creditors	189,200	94,877	179,917	130,287	91,907	100,295	289,548	368,549	158,542	889,042	739,291	700,618	710,616
Group/Directors Accounts	0	0	0	0	0	0	178,102	144,383	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	24,140	14,683	113,749	128,206	66,609	57,720	60,188	47,108	0	0	0	0	0
other current liabilities	56,472	86,475	1,335,212	1,693,264	43,120	7,000	226,512	266,224	250,168	0	0	0	0
total current liabilities	269,812	196,035	1,633,878	1,951,757	853,683	815,458	1,364,056	1,528,610	1,031,241	889,042	739,291	700,618	710,616
loans	0	0	45,000	0	6,285,547	6,404,059	6,069,411	6,456,700	7,087,552	7,573,688	7,624,460	6,803,224	6,803,224
hp & lease commitments	69,362	51,466	220,428	350,150	151,372	146,414	58,917	3,926	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	0	0	0	0	0	0	0	871,114	959,293	782,372	543,334
provisions	329,573	338,010	241,844	233,065	868,216	891,822	870,700	859,359	859,359	41,077	41,182	41,819	0
total long term liabilities	398,935	389,476	507,272	583,215	7,305,135	7,442,295	6,999,028	7,319,985	7,946,911	8,485,879	8,624,935	7,627,415	7,346,558
total liabilities	668,747	585,511	2,141,150	2,534,972	8,158,818	8,257,753	8,363,084	8,848,595	8,978,152	9,374,921	9,364,226	8,328,033	8,057,174
net assets	3,522,561	3,545,939	3,579,729	3,556,582	204,553	590,296	611,790	624,995	59,400	-396,034	-451,752	-201,229	-273,909
total shareholders funds	3,522,561	3,545,939	3,579,729	3,556,582	204,553	590,296	611,790	624,995	59,400	-396,034	-451,752	-201,229	-273,909

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Jan 2011
Operating Activities
Operating Profit	-23,897	-32,292	30,089	4,372,449	86,487	424,839	419,204	1,190,160	1,073,153	566,245	218,368	19,875	-52,805
Depreciation	76,005	76,065	89,753	99,630	137,312	129,385	114,599	160,305	150,852	153,153	166,414	139,428	168,845
Amortisation	0	0	0	0	0	0	0	0	0	0	132,120	108,339	118,189
Tax	0	0	-5,430	-786,278	0	0	0	-136,796	-129,025	-16,643	0	0	0
Stock	282,589	2,908	158,153	-183,170	-343,365	162,285	-28,877	112,904	77,678	31,728	1,194	544,414	444,928
Debtors	-167,846	-1,549,023	-480,492	3,637,254	51,299	-486,992	-266,725	200,810	-51,290	168,747	-23,677	494,672	423,548
Creditors	94,323	-85,040	49,630	38,380	-8,388	-189,253	-79,001	210,007	-730,500	149,751	38,673	700,618	710,616
Accruals and Deferred Income	-30,003	-1,248,737	-358,052	1,650,144	36,120	-219,512	-39,712	16,056	250,168	0	0	0	0
Deferred Taxes & Provisions	-8,437	96,166	8,779	-635,151	-23,606	21,122	11,341	0	818,282	-105	-637	41,819	0
Cash flow from operations	-6,752	352,277	137,108	1,285,090	519,991	491,288	722,033	1,126,018	1,406,542	651,926	577,421	-29,007	76,369
Investing Activities
capital expenditure	-45,380	-30,555	-70,506	5,626,672	54,708	-329,557	67,799	-267,425	-113,265	-3,956	-1,103,242	-7,335,425	-7,201,783
Change in Investments	0	0	-53,300	0	0	0	0	0	79,950	0	0	0	0
cash flow from investments	-45,380	-30,555	-17,206	5,626,672	54,708	-329,557	67,799	-267,425	-193,215	-3,956	-1,103,242	-7,335,425	-7,201,783
Financing Activities
Bank loans	0	-5,000	5,000	-154,118	-496,325	650,443	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-178,102	33,719	144,383	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	0	-45,000	45,000	-6,285,547	-118,512	334,648	-387,289	-630,852	-486,136	-50,772	821,236	6,803,224	6,803,224
Hire Purchase and Lease Commitments	27,353	-268,028	-144,179	260,375	13,847	85,029	68,071	51,034	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-871,114	-88,179	176,921	782,372	543,334
share issue	0	0	0	0	0	0	0	0	0	0	0	1	1
interest	519	-1,498	-1,512	-234,141	-472,230	-446,334	-432,409	-214,683	-239,327	-493,885	-468,891	-221,105	-221,105
cash flow from financing	27,872	-319,526	-95,691	-6,413,431	-1,073,220	445,684	-717,908	-650,118	-1,596,577	-632,836	529,266	7,364,492	7,125,454
cash and cash equivalents
cash	-24,260	2,196	24,211	401	-592	-2,290	-20,716	15,204	-10,086	15,135	3,445	60	40
overdraft	0	0	0	-497,929	497,929	-609,706	-92,640	79,815	622,531	0	0	0	0
change in cash	-24,260	2,196	24,211	498,330	-498,521	607,416	71,924	-64,611	-632,617	15,135	3,445	60	40

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TURFLAND FARMS LIMITED group structure

Turfland Farms Limited has no subsidiary companies.

Ultimate parent company

HARROWDEN TURF (HOLDINGS) LIMITED

12402681

1 parent

TURFLAND FARMS LIMITED

07048770

TURFLAND FARMS LIMITED Shareholders

harrowden turf (holdings) limited

100%

Turfland Farms Limited currently has 2 directors. The longest serving directors include Mrs Chantall Ridd-Jones (Oct 2009) and Mr Stuart Ridd-Jones (Oct 2009).

officer	country	age	start	end	role
Mrs Chantall Ridd-Jones	United Kingdom	50 years	Oct 2009	-	Director
Mr Stuart Ridd-Jones	United Kingdom	52 years	Oct 2009	-	Director

P&L

December 2022

turnover

3.4m

+71%

operating profit

-23.9k

gross margin

26.4%

-5.1%

turnover

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

Balance Sheet

December 2022

net assets

3.5m

-0.01%

total assets

4.2m

+0.01%

cash

2.7k

-0.9%

net assets

Total assets minus all liabilities

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company number

07048770

Type

Private limited with Share Capital

industry

01290 - Growing of other perennial crops

46110 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

incorporation date

October 2009

age

accounts

Small Company

ultimate parent company

HARROWDEN TURF (HOLDINGS) LIMITED

previous names

turf farms limited (February 2010)

incorporated

address

colpmans farm islip, kettering, northants, NN14 3LT

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 8 charges/mortgages relating to turfland farms limited. Currently there are 2 open charges and 6 have been satisfied in the past.

turfland farms limited Company Information

turfland farms limited Estimated Valuation

turfland farms limited Estimated Valuation

turfland farms limited Estimated Valuation

Turfland Farms Limited Overview

Turfland Farms Limited Health Check

TURFLAND FARMS LIMITED financials

turfland farms limited Credit Report and Business Information

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turfland farms limited Ownership

turfland farms limited directors

turfland farms limited company details

turfland farms limited Charges & Mortgages

turfland farms limited Companies House Filings - See Documents