White's Foodservice Equipment Limited

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white's foodservice equipment limited Company Information

Live

EstablishedMidHigh

Company Number

07248256

Website

www.whites-foodequip.co.uk

Registered Address

unit 8 padgets lane, redditch, worcestershire, B98 0RA

Industry

Wholesale of other machinery and equipment

Telephone

01527528841

Next Accounts Due

January 2025

Group Structure

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Directors

Timothy White14 Years

Shareholders

whites group (holdings) ltd 100%

white's foodservice equipment limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of WHITE'S FOODSERVICE EQUIPMENT LIMITED at £3.1m based on Net Assets of £1.2m and 2.65x industry multiple (adjusted for liquidity).

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White's Foodservice Equipment Limited is a live company located in worcestershire, B98 0RA with a Companies House number of 07248256. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in May 2010, it's largest shareholder is whites group (holdings) ltd with a 100% stake. White's Foodservice Equipment Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.6m with high growth in recent years.

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Pomanda's financial health check has awarded White'S Foodservice Equipment Limited a 3.5 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 Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £5.6m, make it smaller than the average company (£16.6m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (4.5%)

EXPORT

White'S Foodservice Equipment Limited's latest turnover from April 2023 is estimated at £5.6 million and the company has net assets of £1.2 million. According to their latest financial statements, White'S Foodservice Equipment Limited has 22 employees and maintains cash reserves of £909.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	5,592,990	5,292,600	4,750,477	3,123,053	3,755,904	2,407,576	2,030,382	2,695,304	1,957,512	1,004,771	638,767	1,355,880	960,494
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,014,898	3,795,819	3,407,433	2,257,116	2,696,537	1,767,030	1,466,889	1,912,690	1,394,553	701,987	449,499	969,796	678,417
Gross Profit	1,578,093	1,496,781	1,343,044	865,936	1,059,366	640,546	563,493	782,614	562,958	302,784	189,268	386,084	282,078
Admin Expenses	1,606,074	1,450,867	1,287,980	1,155,022	1,266,801	59,877	-121,138	417,574	311,081	169,422	119,594	428,057	359,040
Operating Profit	-27,981	45,914	55,064	-289,086	-207,435	580,669	684,631	365,040	251,877	133,362	69,674	-41,973	-76,962
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	36,365	6,043	939	1,257	7,359	2,388	814	960	601	242	93	125	106
Pre-Tax Profit	8,384	51,957	56,002	-287,829	-200,076	583,057	685,445	366,000	252,478	133,604	69,767	-41,848	-76,856
Tax	-2,096	-9,872	-10,640	0	0	-110,781	-137,089	-73,200	-53,020	-30,729	-16,744	0	0
Profit After Tax	6,288	42,085	45,362	-287,829	-200,076	472,276	548,356	292,800	199,458	102,875	53,023	-41,848	-76,856
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,288	42,085	45,362	-287,829	-200,076	472,276	548,356	292,800	199,458	102,875	53,023	-41,848	-76,856
Employee Costs	1,072,910	849,044	635,705	551,347	491,514	420,686	277,601	399,735	279,786	156,899	114,461	218,464	143,739
Number Of Employees	22	18	14	12	11	10	7	10	7	4	3	6	4
EBITDA*	65,623	114,754	96,286	-250,292	-168,769	623,221	711,101	386,570	258,875	137,619	74,474	-37,246	-71,472

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	388,911	386,974	237,993	156,301	152,705	162,813	104,189	103,628	36,622	14,593	18,109	17,709	20,366
Intangible Assets	0	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	99,162	0	0	0	0	0	0	0
Total Fixed Assets	388,911	386,974	237,993	156,301	152,705	261,975	104,189	103,628	36,622	14,593	18,109	17,709	20,366
Stock & work in progress	2,136,487	1,830,864	1,346,757	842,266	779,897	734,497	623,814	323,452	467,490	203,379	228,271	192,155	195,361
Trade Debtors	540,757	662,936	801,738	366,170	596,525	422,352	443,090	610,016	244,251	212,687	60,104	126,961	50,176
Group Debtors	267,634	351,519	151,495	38,826	0	0	0	0	0	0	0	0	0
Misc Debtors	103,790	99,388	63,294	69,995	49,110	0	22,614	36,376	0	0	0	0	0
Cash	909,808	801,465	809,923	1,067,239	1,447,105	515,237	440,037	210,961	172,985	67,429	29,458	7,780	42,391
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,958,476	3,746,172	3,173,207	2,384,496	2,872,637	1,672,086	1,529,555	1,180,805	884,726	483,495	317,833	326,896	287,928
total assets	4,347,387	4,133,146	3,411,200	2,540,797	3,025,342	1,934,061	1,633,744	1,284,433	921,348	498,088	335,942	344,605	308,294
Bank overdraft	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
Trade Creditors	844,109	901,170	754,513	460,339	772,984	192,497	106,483	355,639	435,024	151,266	111,747	463,308	385,149
Group/Directors Accounts	1,978,980	1,815,774	1,281,372	916,000	611,000	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	15,878	9,662	0	0	0	0	5,752	3,271	0	0	0	0	0
other current liabilities	269,575	183,120	236,220	75,268	269,839	162,516	210,287	118,374	0	0	0	0	0
total current liabilities	3,108,542	2,909,726	2,272,105	1,451,607	1,653,823	355,013	322,522	477,284	435,024	151,266	111,747	463,308	385,149
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	26,521	20,603	0	0	0	0	4,804	6,542	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	210,302	253,515	249,671	309,627	289,875	0	0
provisions	56,409	53,190	31,553	27,010	21,510	28,963	18,307	17,639	0	0	0	0	0
total long term liabilities	82,930	73,793	31,553	27,010	21,510	28,963	233,413	277,696	249,671	309,627	289,875	0	0
total liabilities	3,191,472	2,983,519	2,303,658	1,478,617	1,675,333	383,976	555,935	754,980	684,695	460,893	401,622	463,308	385,149
net assets	1,155,915	1,149,627	1,107,542	1,062,180	1,350,009	1,550,085	1,077,809	529,453	236,653	37,195	-65,680	-118,703	-76,855
total shareholders funds	1,155,915	1,149,627	1,107,542	1,062,180	1,350,009	1,550,085	1,077,809	529,453	236,653	37,195	-65,680	-118,703	-76,855

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-27,981	45,914	55,064	-289,086	-207,435	580,669	684,631	365,040	251,877	133,362	69,674	-41,973	-76,962
Depreciation	93,604	68,840	41,222	38,794	38,666	42,552	26,470	21,530	6,998	4,257	4,800	4,727	5,490
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,096	-9,872	-10,640	0	0	-110,781	-137,089	-73,200	-53,020	-30,729	-16,744	0	0
Stock	305,623	484,107	504,491	62,369	45,400	110,683	300,362	-144,038	264,111	-24,892	36,116	-3,206	195,361
Debtors	-201,662	97,316	541,536	-170,644	124,121	55,810	-180,688	402,141	31,564	152,583	-66,857	76,785	50,176
Creditors	-57,061	146,657	294,174	-312,645	580,487	86,014	-249,156	-79,385	283,758	39,519	-351,561	78,159	385,149
Accruals and Deferred Income	86,455	-53,100	160,952	-194,571	107,323	-47,771	91,913	118,374	0	0	0	0	0
Deferred Taxes & Provisions	3,219	21,637	4,543	5,500	-7,453	10,656	668	17,639	0	0	0	0	0
Cash flow from operations	-7,821	-361,347	-500,712	-643,733	342,067	394,846	297,763	111,895	193,938	18,718	-263,090	-32,666	68,140
Investing Activities
capital expenditure	-95,541	-217,821	-122,914	-42,390	-28,558	-101,176	-27,031	-88,536	-29,027	-741	-5,200	-2,070	-25,856
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-95,541	-217,821	-122,914	-42,390	-28,558	-101,176	-27,031	-88,536	-29,027	-741	-5,200	-2,070	-25,856
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	163,206	534,402	365,372	305,000	611,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	12,134	30,265	0	0	0	-10,556	743	9,813	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-210,302	-43,213	3,844	-59,956	19,752	289,875	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	36,365	6,043	939	1,257	7,359	2,388	814	960	601	242	93	125	106
cash flow from financing	211,705	570,710	366,311	306,257	618,359	-218,470	-41,656	14,617	-59,355	19,994	289,968	125	107
cash and cash equivalents
cash	108,343	-8,458	-257,316	-379,866	931,868	75,200	229,076	37,976	105,556	37,971	21,678	-34,611	42,391
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	108,343	-8,458	-257,316	-379,866	931,868	75,200	229,076	37,976	105,556	37,971	21,678	-34,611	42,391

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WHITE'S FOODSERVICE EQUIPMENT LIMITED group structure

White'S Foodservice Equipment Limited has no subsidiary companies.

Ultimate parent company

WHITE'S GROUP (HOLDINGS) LIMITED

11940931

1 parent

WHITE'S FOODSERVICE EQUIPMENT LIMITED

07248256

WHITE'S FOODSERVICE EQUIPMENT LIMITED Shareholders

whites group (holdings) ltd

100%

White'S Foodservice Equipment Limited currently has 1 director, Mr Timothy White serving since May 2010.

officer	country	age	start	end	role
Mr Timothy White		61 years	May 2010	-	Director

P&L

April 2023

turnover

5.6m

+6%

operating profit

-28k

gross margin

28.3%

-0.23%

turnover

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

Balance Sheet

April 2023

net assets

1.2m

+0.01%

total assets

4.3m

+0.05%

cash

909.8k

+0.14%

net assets

Total assets minus all liabilities

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company number

07248256

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

May 2010

age

accounts

Total Exemption Full

ultimate parent company

WHITE'S GROUP (HOLDINGS) LIMITED

previous names

whites food service equipment limited (July 2010)

incorporated

address

unit 8 padgets lane, redditch, worcestershire, B98 0RA

last accounts submitted

April 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 white's foodservice equipment limited. Currently there are 2 open charges and 0 have been satisfied in the past.

white's foodservice equipment limited Company Information

white's foodservice equipment limited Estimated Valuation

white's foodservice equipment limited Estimated Valuation

white's foodservice equipment limited Estimated Valuation

White's Foodservice Equipment Limited Overview

White's Foodservice Equipment Limited Health Check

WHITE'S FOODSERVICE EQUIPMENT LIMITED financials

white's foodservice equipment limited Credit Report and Business Information

White's Foodservice Equipment Limited Competitor Analysis

white's foodservice equipment limited Ownership

white's foodservice equipment limited directors

white's foodservice equipment limited company details

white's foodservice equipment limited Charges & Mortgages

white's foodservice equipment limited Companies House Filings - See Documents