chipchase farms limited
chipchase farms limited Company Information
Company Number
07607541
Next Accounts
Mar 2025
Industry
Mixed farming
Shareholders
jonathan richard elkington
Group Structure
View All
Contact
Registered Address
blackhill farm wark, hexham, england, NE48 3NU
Website
-chipchase farms limited Estimated Valuation
Pomanda estimates the enterprise value of CHIPCHASE FARMS LIMITED at £743.8k based on a Turnover of £1.2m and 0.61x industry multiple (adjusted for size and gross margin).
chipchase farms limited Estimated Valuation
Pomanda estimates the enterprise value of CHIPCHASE FARMS LIMITED at £1.2m based on an EBITDA of £273.4k and a 4.25x industry multiple (adjusted for size and gross margin).
chipchase farms limited Estimated Valuation
Pomanda estimates the enterprise value of CHIPCHASE FARMS LIMITED at £1.9m based on Net Assets of £1.3m and 1.46x industry multiple (adjusted for liquidity).
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Chipchase Farms Limited Overview
Chipchase Farms Limited is a live company located in england, NE48 3NU with a Companies House number of 07607541. It operates in the mixed farming sector, SIC Code 01500. Founded in April 2011, it's largest shareholder is jonathan richard elkington with a 100% stake. Chipchase Farms Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.
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Chipchase Farms Limited Health Check
Pomanda's financial health check has awarded Chipchase Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£1.7m)
- Chipchase Farms Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (8.4%)
- Chipchase Farms Limited
8.4% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
- Chipchase Farms Limited
34.9% - Industry AVG
Profitability
an operating margin of 16.5% make it more profitable than the average company (6.9%)
- Chipchase Farms Limited
6.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (18)
6 - Chipchase Farms Limited
18 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
- Chipchase Farms Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £202.2k, this is more efficient (£93.3k)
- Chipchase Farms Limited
£93.3k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is later than average (21 days)
- Chipchase Farms Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (42 days)
- Chipchase Farms Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 329 days, this is more than average (116 days)
- Chipchase Farms Limited
116 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (19 weeks)
41 weeks - Chipchase Farms Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18%, this is a lower level of debt than the average (42.3%)
18% - Chipchase Farms Limited
42.3% - Industry AVG
CHIPCHASE FARMS LIMITED financials
Chipchase Farms Limited's latest turnover from June 2023 is estimated at £1.2 million and the company has net assets of £1.3 million. According to their latest financial statements, Chipchase Farms Limited has 6 employees and maintains cash reserves of £142.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 6 | 5 | 6 | 11 | 13 | 9 | 8 | 8 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 453,220 | 483,330 | 447,701 | 417,318 | 420,232 | 317,220 | 326,871 | 362,576 | 372,408 | 382,906 | 388,183 | 293,355 |
| Intangible Assets | 4,722 | 0 | 0 | 0 | 0 | 0 | 0 | 132 | 263 | 0 | 0 | 0 |
| Investments & Other | 127,510 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 585,452 | 588,330 | 552,701 | 522,318 | 525,232 | 422,220 | 431,871 | 467,708 | 477,671 | 487,906 | 493,183 | 398,355 |
| Stock & work in progress | 713,207 | 462,373 | 393,014 | 404,905 | 469,157 | 419,138 | 407,226 | 424,780 | 432,950 | 417,105 | 373,356 | 491,387 |
| Trade Debtors | 121,078 | 47,050 | 16,909 | 31,434 | 15,995 | 29,477 | 45,831 | 109,361 | 77,896 | 66,071 | 62,379 | 62,150 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 54,121 | 185,662 | 108,307 | 123,440 | 32,818 | 51,972 | 56,391 | 0 | 0 | 0 | 0 | 0 |
| Cash | 142,639 | 256,972 | 136,217 | 81,387 | 210,945 | 120,923 | 129,485 | 140,194 | 124,599 | 121,298 | 53,500 | 41,614 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,031,045 | 952,057 | 654,447 | 641,166 | 728,915 | 621,510 | 638,933 | 674,335 | 635,445 | 604,474 | 489,235 | 595,151 |
| total assets | 1,616,497 | 1,540,387 | 1,207,148 | 1,163,484 | 1,254,147 | 1,043,730 | 1,070,804 | 1,142,043 | 1,113,116 | 1,092,380 | 982,418 | 993,506 |
| Bank overdraft | 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 |
| Trade Creditors | 100,743 | 213,391 | 52,737 | 55,174 | 98,188 | 41,666 | 60,558 | 125,089 | 206,161 | 94,093 | 34,400 | 128,687 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 3,995 | 3,995 | 3,995 | 11,918 | 12,493 | 28,763 | 0 | 19,731 | 20,890 | 26,663 | 19,615 |
| other current liabilities | 76,513 | 33,854 | 28,013 | 20,324 | 52,265 | 27,075 | 26,075 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 177,256 | 251,240 | 84,745 | 79,493 | 162,371 | 81,234 | 115,396 | 125,089 | 225,892 | 114,983 | 61,063 | 148,302 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 7,990 | 11,986 | 23,026 | 21,469 | 0 | 57,361 | 53,488 | 75,096 | 19,615 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 3,995 | 20,824 | 41,813 | 91,813 | 121,813 | 211,321 | 161,813 | 361,813 | 431,813 | 521,813 |
| provisions | 113,616 | 120,832 | 85,063 | 79,290 | 79,844 | 60,272 | 55,608 | 64,302 | 65,874 | 59,506 | 24,046 | 5,637 |
| total long term liabilities | 113,616 | 120,832 | 89,058 | 108,104 | 133,643 | 175,111 | 198,890 | 275,623 | 285,048 | 474,807 | 530,955 | 547,065 |
| total liabilities | 290,872 | 372,072 | 173,803 | 187,597 | 296,014 | 256,345 | 314,286 | 400,712 | 510,940 | 589,790 | 592,018 | 695,367 |
| net assets | 1,325,625 | 1,168,315 | 1,033,345 | 975,887 | 958,133 | 787,385 | 756,518 | 741,331 | 602,176 | 502,590 | 390,400 | 298,139 |
| total shareholders funds | 1,325,625 | 1,168,315 | 1,033,345 | 975,887 | 958,133 | 787,385 | 756,518 | 741,331 | 602,176 | 502,590 | 390,400 | 298,139 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 73,654 | 69,496 | 67,453 | 72,014 | 54,679 | 48,047 | 54,970 | 61,460 | 61,295 | 62,280 | 56,616 | 47,422 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 132 | 131 | 131 | 0 | 0 | 0 |
| Tax | ||||||||||||
| Stock | 250,834 | 69,359 | -11,891 | -64,252 | 50,019 | 11,912 | -17,554 | -8,170 | 15,845 | 43,749 | -118,031 | 491,387 |
| Debtors | -57,513 | 107,496 | -29,658 | 106,061 | -32,636 | -20,773 | -7,139 | 31,465 | 11,825 | 3,692 | 229 | 62,150 |
| Creditors | -112,648 | 160,654 | -2,437 | -43,014 | 56,522 | -18,892 | -64,531 | -81,072 | 112,068 | 59,693 | -94,287 | 128,687 |
| Accruals and Deferred Income | 42,659 | 5,841 | 7,689 | -31,941 | 25,190 | 1,000 | 26,075 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -7,216 | 35,769 | 5,773 | -554 | 19,572 | 4,664 | -8,694 | -1,572 | 6,368 | 35,460 | 18,409 | 5,637 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 22,510 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 105,000 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | -3,995 | 0 | -7,990 | -11,919 | -11,615 | -14,713 | 50,232 | -77,092 | 2,714 | -27,381 | 62,529 | 39,230 |
| other long term liabilities | 0 | -3,995 | -16,829 | -20,989 | -50,000 | -30,000 | -89,508 | 49,508 | -200,000 | -70,000 | -90,000 | 521,813 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -114,333 | 120,755 | 54,830 | -129,558 | 90,022 | -8,562 | -10,709 | 15,595 | 3,301 | 67,798 | 11,886 | 41,614 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -114,333 | 120,755 | 54,830 | -129,558 | 90,022 | -8,562 | -10,709 | 15,595 | 3,301 | 67,798 | 11,886 | 41,614 |
chipchase farms limited Credit Report and Business Information
Chipchase Farms Limited Competitor Analysis
Perform a competitor analysis for chipchase farms limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in NE48 area or any other competitors across 12 key performance metrics.
chipchase farms limited Ownership
CHIPCHASE FARMS LIMITED group structure
Chipchase Farms Limited has no subsidiary companies.
Ultimate parent company
CHIPCHASE FARMS LIMITED
07607541
chipchase farms limited directors
Chipchase Farms Limited currently has 2 directors. The longest serving directors include Mr David Hall (Apr 2011) and Mr Jonathan Elkington (Jul 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Hall | 68 years | Apr 2011 | - | Director | |
| Mr Jonathan Elkington | England | 46 years | Jul 2013 | - | Director |
P&L
June 2023turnover
1.2m
+44%
operating profit
199.8k
0%
gross margin
35%
+0.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
1.3m
+0.13%
total assets
1.6m
+0.05%
cash
142.6k
-0.44%
net assets
Total assets minus all liabilities
chipchase farms limited company details
company number
07607541
Type
Private limited with Share Capital
industry
01500 - Mixed farming
incorporation date
April 2011
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
blackhill farm wark, hexham, england, NE48 3NU
Bank
COUTTS & CO
Legal Advisor
-
chipchase farms limited 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 did not find charges/mortgages relating to chipchase farms limited.
chipchase farms limited 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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chipchase farms limited Companies House Filings - See Documents
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