Pomanda estimates the enterprise value of SARACEN HORSE FEEDS LTD at £16.8m based on a Turnover of £20.7m and 0.81x industry multiple (adjusted for size and gross margin).
saracen horse feeds ltdEstimated Valuation
£2.2m
Pomanda estimates the enterprise value of SARACEN HORSE FEEDS LTD at £2.2m based on an EBITDA of £307.6k and a 7.06x industry multiple (adjusted for size and gross margin).
saracen horse feeds ltdEstimated Valuation
£3.1m
Pomanda estimates the enterprise value of SARACEN HORSE FEEDS LTD at £3.1m based on Net Assets of £1.9m and 1.59x industry multiple (adjusted for liquidity).
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Saracen Horse Feeds LtdOverview
Saracen Horse Feeds Ltd is a live company located in kent, ME20 7BT with a Companies House number of 07130140. It operates in the manufacture of prepared feeds for farm animals sector, SIC Code 10910. Founded in January 2010, it's largest shareholder is
wls (2020) limited
with a 100% stake. Saracen Horse Feeds Ltd is a established,
large sized company, Pomanda has estimated its turnover at
£20.7m with
low
growth in recent years.
Pomanda's financial health check has awarded Saracen Horse Feeds Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £20.7m, make it smaller than the average company (£35.1m)
£20.7m - Saracen Horse Feeds Ltd
£35.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (11.9%)
2% - Saracen Horse Feeds Ltd
11.9% - Industry AVG
Production
with a gross margin of 25.1%, this company has a lower cost of product (11.9%)
25.1% - Saracen Horse Feeds Ltd
11.9% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (2.9%)
0.5% - Saracen Horse Feeds Ltd
2.9% - Industry AVG
Employees
with 59 employees, this is above the industry average (41)
59 - Saracen Horse Feeds Ltd
41 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has a lower pay structure (£51.5k)
£39.7k - Saracen Horse Feeds Ltd
£51.5k - Industry AVG
Efficiency
resulting in sales per employee of £351.4k, this is less efficient (£1m)
£351.4k - Saracen Horse Feeds Ltd
£1m - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (37 days)
42 days - Saracen Horse Feeds Ltd
37 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (26 days)
39 days - Saracen Horse Feeds Ltd
26 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is in line with average (29 days)
30 days - Saracen Horse Feeds Ltd
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Saracen Horse Feeds Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.8%, this is a higher level of debt than the average (47.8%)
63.8% - Saracen Horse Feeds Ltd
47.8% - Industry AVG
SARACEN HORSE FEEDS LTD financials
EXPORT
Saracen Horse Feeds Ltd's latest turnover from March 2024 is £20.7 million and the company has net assets of £1.9 million. According to their latest financial statements, Saracen Horse Feeds Ltd has 59 employees and maintains cash reserves of £429.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
20,730,653
21,268,393
17,074,114
19,752,418
20,424,145
14,590,770
16,788,367
14,905,862
15,842,738
12,450,029
14,018,794
14,398,213
10,437,503
11,673,621
Other Income Or Grants
Cost Of Sales
15,518,318
16,639,017
12,740,334
16,937,725
17,724,094
9,172,730
14,595,776
12,815,233
13,905,305
11,100,033
12,563,346
12,999,706
9,299,671
10,068,843
Gross Profit
5,212,335
4,629,376
4,333,780
2,814,693
2,700,051
5,418,040
2,192,591
2,090,628
1,937,433
1,349,996
1,455,448
1,398,508
1,137,833
1,604,778
Admin Expenses
5,105,592
4,420,771
4,182,864
3,683,729
2,332,674
4,947,028
1,499,546
1,576,533
988,022
628,079
1,142,353
1,219,334
1,034,829
1,595,715
Operating Profit
106,743
208,605
150,916
-869,036
367,377
471,012
693,045
514,095
949,411
721,917
313,095
179,174
103,004
9,063
Interest Payable
94,734
41,667
89,833
96,333
71,040
22,873
Interest Receivable
1,863
6,559
10,372
1,142
1,209
1,132
4,070
1,502
2,245
1,661
1,044
573
391
226
Pre-Tax Profit
13,872
215,164
161,288
-867,894
368,585
472,144
697,115
515,596
951,656
681,911
224,306
83,413
32,355
-13,585
Tax
-16,772
-42,716
-41,673
-70,031
-98,989
-132,452
-103,119
-190,331
-143,201
-51,590
-20,019
-8,412
Profit After Tax
-2,900
172,448
119,615
-867,894
298,554
373,155
564,663
412,477
761,325
538,710
172,716
63,394
23,943
-13,585
Dividends Paid
1,000,000
Retained Profit
-2,900
172,448
119,615
-867,894
298,554
-626,845
564,663
412,477
761,325
538,710
172,716
63,394
23,943
-13,585
Employee Costs
2,343,106
2,115,226
1,881,537
1,797,430
1,909,496
1,553,956
1,516,039
1,479,141
571,247
548,363
657,101
528,440
808,729
Number Of Employees
59
51
48
45
44
44
39
40
41
16
16
18
15
23
EBITDA*
307,637
332,668
258,162
-765,040
528,511
471,012
954,044
759,375
1,171,707
905,145
547,046
400,867
324,599
241,782
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
745,703
552,268
434,107
412,606
345,294
469,302
623,790
728,885
625,537
536,365
472,637
461,942
550,030
754,215
Intangible Assets
69,085
55,246
20,000
25,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
814,788
607,514
454,107
437,606
345,294
469,302
623,790
728,885
625,537
536,365
472,637
461,942
550,030
754,215
Stock & work in progress
1,287,326
1,665,089
1,250,178
1,015,898
994,211
1,041,688
987,209
880,559
783,594
685,576
578,700
727,368
637,968
569,061
Trade Debtors
2,418,920
2,345,017
2,695,648
2,221,748
2,399,951
1,744,819
1,877,981
1,583,873
1,700,389
1,500,143
1,759,504
1,751,606
1,335,198
1,134,728
Group Debtors
60,596
68,041
16,791
Misc Debtors
286,866
231,130
297,116
192,995
255,961
238,365
201,729
240,311
168,172
138,430
Cash
429,410
329,094
583,939
1,176,126
1,106,924
1,310,409
915,240
712,667
488,572
409,557
254,910
162,862
66,199
90,254
misc current assets
total current assets
4,483,118
4,638,371
4,843,672
4,606,767
4,757,047
4,335,281
3,982,159
3,417,410
3,140,727
2,733,706
2,593,114
2,641,836
2,039,365
1,794,043
total assets
5,297,906
5,245,885
5,297,779
5,044,373
5,102,341
4,804,583
4,605,949
4,146,295
3,766,264
3,270,071
3,065,751
3,103,778
2,589,395
2,548,258
Bank overdraft
502,603
Bank loan
Trade Creditors
1,659,923
1,473,013
1,953,773
1,581,603
1,616,352
1,377,631
1,378,423
1,115,884
801,148
1,034,785
1,223,223
1,210,047
741,231
1,659,892
Group/Directors Accounts
1,479,743
832,500
832,500
1,334,987
664,574
932,873
317,834
640,679
940,438
1,058,843
other short term finances
hp & lease commitments
other current liabilities
147,745
440,146
703,346
453,121
298,696
254,231
20,488
60,020
109,865
59,913
total current liabilities
3,287,411
3,248,262
3,489,619
3,369,711
2,579,622
2,564,735
1,716,745
1,816,583
1,851,451
2,153,541
1,223,223
1,210,047
741,231
1,659,892
loans
1,282,051
1,482,051
1,482,051
703,799
hp & lease commitments
Accruals and Deferred Income
other liabilities
2,000
3,000
4,000
5,000
6,000
8,000
provisions
91,874
75,102
57,087
42,204
21,367
35,050
56,561
70,732
68,310
31,352
14,009
37,928
55,755
98,152
total long term liabilities
93,874
78,102
61,087
47,204
27,367
35,050
64,561
70,732
68,310
31,352
1,296,060
1,519,979
1,537,806
801,951
total liabilities
3,381,285
3,326,364
3,550,706
3,416,915
2,606,989
2,599,785
1,781,306
1,887,315
1,919,761
2,184,893
2,519,283
2,730,026
2,279,037
2,461,843
net assets
1,916,621
1,919,521
1,747,073
1,627,458
2,495,352
2,204,798
2,824,643
2,258,980
1,846,503
1,085,178
546,468
373,752
310,358
86,415
total shareholders funds
1,916,621
1,919,521
1,747,073
1,627,458
2,495,352
2,204,798
2,824,643
2,258,980
1,846,503
1,085,178
546,468
373,752
310,358
86,415
Mar 2024
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
Operating Activities
Operating Profit
106,743
208,605
150,916
-869,036
367,377
471,012
693,045
514,095
949,411
721,917
313,095
179,174
103,004
9,063
Depreciation
193,169
119,063
102,246
103,996
161,134
260,999
245,280
222,296
183,228
233,951
221,693
221,595
232,719
Amortisation
7,725
5,000
5,000
Tax
-16,772
-42,716
-41,673
-70,031
-98,989
-132,452
-103,119
-190,331
-143,201
-51,590
-20,019
-8,412
Stock
-377,763
414,911
234,280
21,687
-47,477
54,479
106,650
96,965
98,018
106,876
-148,668
89,400
68,907
569,061
Debtors
122,194
-365,367
594,812
-241,169
672,728
-96,526
255,526
-44,377
229,988
-120,931
7,898
416,408
200,470
1,134,728
Creditors
186,910
-480,760
372,170
-34,749
238,721
-792
262,539
314,736
-233,637
-188,438
13,176
468,816
-918,661
1,659,892
Accruals and Deferred Income
-292,401
-263,200
250,225
154,425
44,465
233,743
-39,532
-49,845
49,952
59,913
Deferred Taxes & Provisions
16,772
18,015
14,883
20,837
-13,683
-21,511
-14,171
2,422
36,958
17,343
-23,919
-17,827
-42,397
98,152
Cash flow from operations
457,715
-485,537
24,675
-405,045
102,732
625,510
668,252
870,981
506,643
664,817
625,483
326,029
-914,248
296,037
Investing Activities
capital expenditure
-408,168
-277,470
-123,747
-196,308
-37,126
154,488
-155,904
-348,628
-311,468
-246,956
-244,646
-133,605
-17,410
-986,934
Change in Investments
cash flow from investments
-408,168
-277,470
-123,747
-196,308
-37,126
154,488
-155,904
-348,628
-311,468
-246,956
-244,646
-133,605
-17,410
-986,934
Financing Activities
Bank loans
Group/Directors Accounts
647,243
-502,487
670,413
-268,299
615,039
-322,845
-299,759
-118,405
1,058,843
Other Short Term Loans
Long term loans
-1,282,051
-200,000
778,252
703,799
Hire Purchase and Lease Commitments
other long term liabilities
-1,000
-1,000
-1,000
-1,000
6,000
-8,000
8,000
share issue
-8,000
7,000
1,000
200,000
100,000
interest
-92,871
6,559
10,372
1,142
1,209
1,132
4,070
1,502
2,245
-40,006
-88,789
-95,760
-70,649
-22,647
cash flow from financing
553,372
5,559
-493,115
670,555
-269,090
615,171
-309,775
-298,257
-116,160
-263,214
-288,789
-95,760
907,603
781,152
cash and cash equivalents
cash
100,316
-254,845
-592,187
69,202
-203,485
395,169
202,573
224,095
79,015
154,647
92,048
96,663
-24,055
90,254
overdraft
-502,603
502,603
change in cash
602,919
-757,448
-592,187
69,202
-203,485
395,169
202,573
224,095
79,015
154,647
92,048
96,663
-24,055
90,254
saracen horse feeds ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for saracen horse feeds ltd. Get real-time insights into saracen horse feeds ltd's credit score, group structure and payment trends.
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saracen horse feeds ltd Ownership
SARACEN HORSE FEEDS LTD group structure
Saracen Horse Feeds Ltd has no subsidiary companies.
The sole shareholder of Saracen Horse Feeds Ltd is Wls (2020) Limited.
wls (2020) limited
100%
saracen horse feeds ltd directors
Saracen Horse Feeds Ltd currently has 6 directors.
The longest serving directors include
Miss Polly Bonnor (Dec 2011) and
Mr William Walker (Apr 2018).
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 6 charges/mortgages relating to saracen horse feeds ltd. Currently there are 3 open charges and 3 have been satisfied in the past.
saracen horse feeds 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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saracen horse feeds ltdCompanies House Filings - See Documents
