cerelia uk ltd

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cerelia uk ltd Company Information

Share CERELIA UK LTD

Company Number

07412477

Directors

Lee Lovett

Shareholders

cerelia netherlands b.v.

cerelia netherlands b.v

Group Structure

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Industry

Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes

 +2

Registered Address

bakeaway centrix business park, furnace way, corby, NN17 5BE

cerelia uk ltd Estimated Valuation

£119.8m

Pomanda estimates the enterprise value of CERELIA UK LTD at £119.8m based on a Turnover of £101m and 1.19x industry multiple (adjusted for size and gross margin).

cerelia uk ltd Estimated Valuation

£25m

Pomanda estimates the enterprise value of CERELIA UK LTD at £25m based on an EBITDA of £3.1m and a 8.17x industry multiple (adjusted for size and gross margin).

cerelia uk ltd Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of CERELIA UK LTD at £3.3m based on Net Assets of £1.6m and 2.11x industry multiple (adjusted for liquidity).

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Cerelia Uk Ltd Overview

Cerelia Uk Ltd is a live company located in corby, NN17 5BE with a Companies House number of 07412477. It operates in the manufacture of bread sector, SIC Code 10710. Founded in October 2010, it's largest shareholder is cerelia netherlands b.v. with a 66.7% stake. Cerelia Uk Ltd is a established, mega sized company, Pomanda has estimated its turnover at £101m with rapid growth in recent years.

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Cerelia Uk Ltd Health Check

Pomanda's financial health check has awarded Cerelia Uk Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £101m, make it larger than the average company (£19.3m)

£101m - Cerelia Uk Ltd

£19.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (5.6%)

37% - Cerelia Uk Ltd

5.6% - Industry AVG

production

Production

with a gross margin of 25.9%, this company has a comparable cost of product (23.9%)

25.9% - Cerelia Uk Ltd

23.9% - Industry AVG

profitability

Profitability

an operating margin of 0.7% make it less profitable than the average company (1.2%)

0.7% - Cerelia Uk Ltd

1.2% - Industry AVG

employees

Employees

with 150 employees, this is similar to the industry average (164)

150 - Cerelia Uk Ltd

164 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.9k, the company has a higher pay structure (£31.7k)

£39.9k - Cerelia Uk Ltd

£31.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £673.5k, this is more efficient (£136.7k)

£673.5k - Cerelia Uk Ltd

£136.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is near the average (49 days)

43 days - Cerelia Uk Ltd

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (47 days)

29 days - Cerelia Uk Ltd

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is less than average (40 days)

23 days - Cerelia Uk Ltd

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (7 weeks)

4 weeks - Cerelia Uk Ltd

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 97.8%, this is a higher level of debt than the average (57.2%)

97.8% - Cerelia Uk Ltd

57.2% - Industry AVG

CERELIA UK LTD financials

EXPORTms excel logo

Cerelia Uk Ltd's latest turnover from June 2023 is £101 million and the company has net assets of £1.6 million. According to their latest financial statements, Cerelia Uk Ltd has 150 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011
Turnover101,025,20860,618,11947,761,94039,699,85717,185,10312,085,2166,236,3283,828,0401,689,860327,355269,666520,968385,702
Other Income Or Grants
Cost Of Sales74,851,95145,635,04436,882,80329,243,95011,370,4528,621,5344,379,2402,690,6391,190,445249,460192,338372,081266,602
Gross Profit26,173,25714,983,07510,879,13710,455,9075,814,6513,463,6821,857,0881,137,401499,41577,89577,329148,887119,100
Admin Expenses25,440,15514,056,93310,243,3449,504,7996,499,2594,475,0922,071,729807,624537,408105,396-16,056122,921128,812
Operating Profit733,102926,142635,793951,108-684,608-1,011,410-214,641329,777-37,993-27,50193,38525,966-9,712
Interest Payable2,645,8331,691,5951,056,004921,347362,287222,96429,0592,5961,451
Interest Receivable357,944418,775143,53739622880127825390
Pre-Tax Profit-1,554,787-346,678-276,67429,761322,321-1,233,978-243,472327,983-39,444-27,50193,66426,218-9,622
Tax169,59321,637-50,81626,28769,508-65,596870530-21,543-6,292
Profit After Tax-1,554,787-177,085-255,037-21,055348,608-1,164,470-243,472262,386-38,574-26,97172,12119,926-9,622
Dividends Paid
Retained Profit-1,554,787-177,085-255,037-21,055348,608-1,164,470-243,472262,386-38,574-26,97172,12119,926-9,622
Employee Costs5,978,4454,927,9174,417,3253,130,8652,700,7892,229,9051,538,420988,766421,03695,51570,018138,947114,441
Number Of Employees15014715510691686140184365
EBITDA*3,057,6153,303,7042,247,8291,838,495-46,189-550,648-38,882414,350-34,769-24,827101,27833,860-8,772

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011
Tangible Assets29,291,99330,730,55732,085,05827,302,32510,354,8805,711,9071,456,462353,201248,3954,3495,84813,74112,635
Intangible Assets20,859,42022,785,686875,758593,150420,000480,000540,000
Investments & Other
Debtors (Due After 1 year)917,058559,114
Total Fixed Assets51,068,47154,075,35732,960,81627,895,47510,774,8806,191,9071,996,462353,201248,3954,3495,84813,74112,635
Stock & work in progress4,767,6435,041,8543,095,5161,985,050864,805705,989414,697342,747327,31583,91462,531103,93646,213
Trade Debtors12,164,64012,767,5955,866,4356,620,7563,169,1691,575,9441,232,801752,913400,08217,1504,30324,165
Group Debtors24,530382,857233,501271,639
Misc Debtors655,0065,036,602653,485550,278450,726190,307415,637133,935394,20415,014
Cash1,805,481408,038638,5761,324,4931,006,002167,13097,48684,596235,95520,40946,27765,04536,045
misc current assets
total current assets19,417,30023,636,94610,487,51310,752,2165,490,7022,639,3702,160,6211,314,1911,357,556119,337125,958173,284106,423
total assets70,485,77177,712,30343,448,32938,647,69116,265,5828,831,2774,157,0831,667,3921,605,951123,686131,806187,025119,058
Bank overdraft
Bank loan1,250,0001,250,0001,250,000150,000150,000150,000
Trade Creditors 5,976,6189,450,3882,352,3744,739,857909,971994,795611,253273,017159,7084,86847,980174,220126,179
Group/Directors Accounts2,339,5581,905,416295,93367,6341,495,6666,062,3771,999,24049,741
other short term finances5,434,8605,431,8614,339,9203,124,79279,875
hp & lease commitments23,387103,01798,01735,467
other current liabilities6,121,393626,281901,979751,460240,013179,394169,753450,943487,49012,752
total current liabilities21,122,42918,663,9469,140,2068,833,7432,795,6507,409,9532,883,263901,852682,66567,36147,980174,220126,179
loans47,776,17257,481,60233,415,13129,162,89212,950,0002,250,000850,000
hp & lease commitments18,518122,698106,406
Accruals and Deferred Income
other liabilities500,000
provisions149,152152,17969,50863,5768701,4002,5002,500
total long term liabilities47,776,17257,481,60233,564,28329,315,07112,950,0002,250,000938,026186,274606,4068701,4002,5002,500
total liabilities68,898,60176,145,54842,704,48938,148,81415,745,6509,659,9533,821,2891,088,1261,289,07168,23149,380176,720128,679
net assets1,587,1701,566,755743,840498,877519,932-828,676335,794579,266316,88055,45582,42610,305-9,621
total shareholders funds1,587,1701,566,755743,840498,877519,932-828,676335,794579,266316,88055,45582,42610,305-9,621
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011
Operating Activities
Operating Profit733,102926,142635,793951,108-684,608-1,011,410-214,641329,777-37,993-27,50193,38525,966-9,712
Depreciation1,901,1031,854,1671,415,343827,387578,419400,762115,75984,5733,2242,6747,8937,894940
Amortisation423,410523,395196,69360,00060,00060,00060,000
Tax169,59321,637-50,81626,28769,508-65,596870530-21,543-6,292
Stock-274,2111,946,3381,110,4661,120,245158,816291,29271,95015,432243,40121,383-41,40557,72346,213
Debtors-4,984,93411,992,747-689,2523,822,7781,853,644117,813761,59092,562779,272-2,13612,847-19,86224,165
Creditors-3,473,7707,098,014-2,387,4833,829,886-84,824383,542338,236113,309154,840-43,112-126,24048,041126,179
Accruals and Deferred Income5,495,112-275,698150,519511,44760,6199,641-281,190-36,547474,73812,752
Deferred Taxes & Provisions-149,152-3,027152,179-69,5085,93263,576-870-530-1,1002,500
Cash flow from operations10,338,102-3,792,624-391,7391,338,168-2,056,567-566,570-809,444381,098-427,864-74,434-19,04737,74849,529
Investing Activities
capital expenditure-18,007,982-5,221,392-4,656,207-1,819,020-189,379-247,270-1,175-9,000-13,575
Change in Investments
cash flow from investments-18,007,982-5,221,392-4,656,207-1,819,020-189,379-247,270-1,175-9,000-13,575
Financing Activities
Bank loans1,100,000150,000
Group/Directors Accounts434,1421,609,483228,299-1,428,032-4,566,7114,063,1371,999,240-49,74149,741
Other Short Term Loans 2,9991,091,9411,215,1283,124,792-79,87579,875
Long term loans-9,705,43024,066,4714,252,23916,212,89210,700,0001,400,000850,000
Hire Purchase and Lease Commitments-23,387-98,148-99,18078,842141,873
other long term liabilities-500,000500,000
share issue1,575,2021,000,000500,0001,000,000299,9991
interest-2,287,889-1,272,820-912,467-921,347-362,287-222,568-28,831-1,795-1,45127825390
cash flow from financing-9,980,97626,495,0756,383,19916,988,3056,747,6155,292,4212,641,354-343,078890,68049,74127825391
cash and cash equivalents
cash1,397,443-230,538-685,917318,491838,87269,64412,890-151,359215,546-25,868-18,76829,00036,045
overdraft
change in cash1,397,443-230,538-685,917318,491838,87269,64412,890-151,359215,546-25,868-18,76829,00036,045

cerelia uk ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cerelia Uk Ltd Competitor Analysis

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Perform a competitor analysis for cerelia uk ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN17 area or any other competitors across 12 key performance metrics.

cerelia uk ltd Ownership

CERELIA UK LTD group structure

Cerelia Uk Ltd has no subsidiary companies.

Ultimate parent company

PANDRIKS HOLDINGS BV

#0131159

2 parents

CERELIA UK LTD

07412477

CERELIA UK LTD Shareholders

cerelia netherlands b.v. 66.67%
cerelia netherlands b.v 33.33%

cerelia uk ltd directors

Cerelia Uk Ltd currently has 1 director, Mr Lee Lovett serving since Apr 2021.

officercountryagestartendrole
Mr Lee LovettEngland47 years Apr 2021- Director

P&L

June 2023

turnover

101m

+67%

operating profit

733.1k

-21%

gross margin

26%

+4.82%

turnover

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

Balance Sheet

June 2023

net assets

1.6m

+0.01%

total assets

70.5m

-0.09%

cash

1.8m

+3.42%

net assets

Total assets minus all liabilities

cerelia uk ltd company details

company number

07412477

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

10720 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes

10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes

incorporation date

October 2010

age

15

incorporated

UK

ultimate parent company

PANDRIKS HOLDINGS BV

accounts

Full Accounts

last accounts submitted

June 2023

previous names

house of vantage limited (July 2020)

hicorp 101 limited (January 2011)

accountant

-

auditor

MHA

address

bakeaway centrix business park, furnace way, corby, NN17 5BE

Bank

-

Legal Advisor

-

cerelia uk ltd Charges & Mortgages

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 4 charges/mortgages relating to cerelia uk ltd. Currently there are 2 open charges and 2 have been satisfied in the past.

cerelia uk 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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cerelia uk ltd Companies House Filings - See Documents

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