j.f. edwards (smithfield) limited
j.f. edwards (smithfield) limited Company Information
Company Number
07718791
Website
www.jfedwards.uk.comRegistered Address
42 central markets, west market building, london, EC1A 9PS
Industry
Wholesale of meat and meat products
Activities of head offices
Telephone
02072369721
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
gressingham smithfield limited 100%
j.f. edwards (smithfield) limited Estimated Valuation
Pomanda estimates the enterprise value of J.F. EDWARDS (SMITHFIELD) LIMITED at £36.6m based on a Turnover of £47.5m and 0.77x industry multiple (adjusted for size and gross margin).
j.f. edwards (smithfield) limited Estimated Valuation
Pomanda estimates the enterprise value of J.F. EDWARDS (SMITHFIELD) LIMITED at £28.6m based on an EBITDA of £4.2m and a 6.76x industry multiple (adjusted for size and gross margin).
j.f. edwards (smithfield) limited Estimated Valuation
Pomanda estimates the enterprise value of J.F. EDWARDS (SMITHFIELD) LIMITED at £571.8k based on Net Assets of £622.8k and 0.92x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
J.f. Edwards (smithfield) Limited Overview
J.f. Edwards (smithfield) Limited is a live company located in london, EC1A 9PS with a Companies House number of 07718791. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in July 2011, it's largest shareholder is gressingham smithfield limited with a 100% stake. J.f. Edwards (smithfield) Limited is a established, large sized company, Pomanda has estimated its turnover at £47.5m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
J.f. Edwards (smithfield) Limited Health Check
Pomanda's financial health check has awarded J.F. Edwards (Smithfield) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £47.5m, make it larger than the average company (£22.1m)
£47.5m - J.f. Edwards (smithfield) Limited
£22.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.5%)
11% - J.f. Edwards (smithfield) Limited
3.5% - Industry AVG
Production
with a gross margin of 12.5%, this company has a higher cost of product (22.8%)
12.5% - J.f. Edwards (smithfield) Limited
22.8% - Industry AVG
Profitability
an operating margin of 8.7% make it more profitable than the average company (4.5%)
8.7% - J.f. Edwards (smithfield) Limited
4.5% - Industry AVG
Employees
with 55 employees, this is below the industry average (76)
55 - J.f. Edwards (smithfield) Limited
76 - Industry AVG
Pay Structure
on an average salary of £55.3k, the company has a higher pay structure (£42.2k)
£55.3k - J.f. Edwards (smithfield) Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £863.6k, this is more efficient (£378.1k)
£863.6k - J.f. Edwards (smithfield) Limited
£378.1k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (40 days)
40 days - J.f. Edwards (smithfield) Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is close to average (37 days)
36 days - J.f. Edwards (smithfield) Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (35 days)
3 days - J.f. Edwards (smithfield) Limited
35 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - J.f. Edwards (smithfield) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (57.7%)
94.4% - J.f. Edwards (smithfield) Limited
57.7% - Industry AVG
J.F. EDWARDS (SMITHFIELD) LIMITED financials
J.F. Edwards (Smithfield) Limited's latest turnover from December 2022 is £47.5 million and the company has net assets of £622.8 thousand. According to their latest financial statements, J.F. Edwards (Smithfield) Limited has 55 employees and maintains cash reserves of £286.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,500,514 | 37,043,116 | 26,471,792 | 34,817,553 | 43,880,197 | 36,749,184 | 37,351,863 | 40,376,582 | 43,509,467 | 42,934,197 | 44,375,573 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 41,575,901 | 32,090,203 | 22,852,933 | 30,260,554 | 39,547,077 | 32,433,643 | 32,655,125 | 35,468,259 | 38,550,708 | 38,329,276 | 39,629,939 |
| Gross Profit | 5,924,613 | 4,952,913 | 3,618,859 | 4,556,999 | 4,333,120 | 4,315,541 | 4,696,738 | 4,908,323 | 4,958,759 | 4,604,921 | 4,745,634 |
| Admin Expenses | 1,779,713 | 3,983,419 | 3,530,258 | 4,894,407 | 6,659,528 | 5,119,579 | 4,924,693 | 4,832,570 | 4,731,937 | 4,395,268 | 4,533,777 |
| Operating Profit | 4,144,900 | 969,494 | 88,601 | -337,408 | -2,326,408 | -804,038 | -227,955 | 75,753 | 226,822 | 209,653 | 211,857 |
| Interest Payable | 134,326 | 73,681 | 64,194 | 120,292 | 110,002 | 83,884 | 75,174 | 95,663 | 100,719 | 170,848 | 166,040 |
| Interest Receivable | 272 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 4,010,846 | 895,813 | 24,407 | -457,700 | -2,816,410 | -887,922 | -13,057 | -19,910 | 126,103 | 38,805 | 45,817 |
| Tax | -645,461 | 151,274 | 214,891 | -121,065 | 0 | 121,236 | 50,735 | -27,818 | -49,129 | 5,326 | 77,610 |
| Profit After Tax | 3,365,385 | 1,047,087 | 239,298 | -578,765 | -2,816,410 | -766,686 | 37,678 | -47,728 | 76,974 | 44,131 | 123,427 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 5,250 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,365,385 | 1,047,087 | 239,298 | -578,765 | -2,816,410 | -766,686 | 32,428 | -47,728 | 76,974 | 44,131 | 123,427 |
| Employee Costs | 3,041,017 | 2,529,028 | 2,367,618 | 2,602,486 | 3,359,301 | 2,600,172 | 2,934,560 | 2,985,701 | 2,793,723 | 2,705,008 | 2,802,388 |
| Number Of Employees | 55 | 50 | 56 | 61 | 71 | 74 | 75 | 75 | 75 | 68 | 69 |
| EBITDA* | 4,228,767 | 1,022,053 | 156,802 | -223,446 | -2,158,195 | -656,362 | -172,217 | 226,186 | 379,489 | 351,101 | 373,219 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,670,306 | 2,616,857 | 2,494,735 | 2,504,955 | 2,560,434 | 386,033 | 309,810 | 244,632 | 265,612 | 288,486 | 237,550 |
| Intangible Assets | 0 | 0 | 0 | 20,000 | 0 | 3,135,502 | 2,475,000 | 1,514,750 | 1,610,229 | 1,705,708 | 1,847,232 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,410 | 34,410 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 63,371 | 63,371 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,670,306 | 2,616,857 | 2,494,735 | 2,524,955 | 2,560,434 | 3,584,906 | 2,848,181 | 1,759,382 | 1,910,251 | 2,028,604 | 2,084,782 |
| Stock & work in progress | 408,956 | 302,920 | 164,689 | 226,562 | 263,592 | 660,549 | 530,200 | 559,686 | 523,460 | 846,876 | 552,864 |
| Trade Debtors | 5,316,434 | 4,172,175 | 3,039,598 | 4,702,639 | 4,720,551 | 4,865,984 | 4,455,430 | 5,140,033 | 5,426,609 | 4,618,480 | 4,233,012 |
| Group Debtors | 99,009 | 41,588 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,368,965 | 220,271 | 268,997 | 256,611 | 330,770 | 601,163 | 873,718 | 398,906 | 525,814 | 516,863 | 333,741 |
| Cash | 286,936 | 860,449 | 4,341 | 196,324 | 125,848 | 30,817 | 78,724 | 70,702 | 167,491 | 58,436 | 6,268 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,480,300 | 5,597,403 | 3,477,625 | 5,382,136 | 5,440,761 | 6,158,513 | 5,938,072 | 6,169,327 | 6,643,374 | 6,040,655 | 5,125,885 |
| total assets | 11,150,606 | 8,214,260 | 5,972,360 | 7,907,091 | 8,001,195 | 9,743,419 | 8,786,253 | 7,928,709 | 8,553,625 | 8,069,259 | 7,210,667 |
| Bank overdraft | 0 | 0 | 217,130 | 2,079 | 106,235 | 3,780,150 | 3,208,687 | 2,904,714 | 4,087,188 | 3,797,936 | 3,311,296 |
| Bank loan | 10,717 | 127,091 | 122,903 | 313,984 | 79,015 | 77,916 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,100,843 | 4,688,937 | 4,172,129 | 4,927,715 | 4,941,228 | 4,281,537 | 4,170,215 | 4,573,668 | 3,926,430 | 3,857,542 | 3,435,728 |
| Group/Directors Accounts | 382,148 | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 4,301,916 | 3,160,153 | 2,323,911 | 4,567,137 | 4,840,058 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 52,495 | 16,880 | 0 | 0 | 0 | 13,676 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,415,661 | 537,670 | 359,472 | 230,937 | 309,527 | 47,641 | 51,857 | 45,787 | 106,465 | 57,213 | 140,216 |
| total current liabilities | 10,263,780 | 8,530,731 | 7,195,545 | 10,041,852 | 10,776,063 | 8,200,920 | 7,430,759 | 7,524,169 | 8,120,083 | 7,712,691 | 6,887,240 |
| loans | 34,430 | 2,144,488 | 2,269,259 | 1,382,090 | 284,283 | 444,927 | 70,000 | 60,000 | 0 | 0 | 0 |
| hp & lease commitments | 99,449 | 35,672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 130,098 | 5,592 | 47,911 | 262,802 | 141,737 | 137,487 | 125,723 | 0 | 0 | 0 | 0 |
| total long term liabilities | 263,977 | 2,185,752 | 2,317,170 | 1,644,892 | 426,020 | 582,414 | 195,723 | 60,000 | 0 | 0 | 0 |
| total liabilities | 10,527,757 | 10,716,483 | 9,512,715 | 11,686,744 | 11,202,083 | 8,783,334 | 7,626,482 | 7,584,169 | 8,120,083 | 7,712,691 | 6,887,240 |
| net assets | 622,849 | -2,502,223 | -3,540,355 | -3,779,653 | -3,200,888 | 960,085 | 1,159,771 | 344,540 | 433,542 | 356,568 | 323,427 |
| total shareholders funds | 622,849 | -2,502,223 | -3,540,355 | -3,779,653 | -3,200,888 | 960,085 | 1,159,771 | 344,540 | 433,542 | 356,568 | 323,427 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 4,144,900 | 969,494 | 88,601 | -337,408 | -2,326,408 | -804,038 | -227,955 | 75,753 | 226,822 | 209,653 | 211,857 |
| Depreciation | 83,867 | 52,559 | 48,201 | 93,962 | 98,213 | 97,676 | 55,738 | 54,954 | 57,188 | 45,323 | 49,165 |
| Amortisation | 0 | 0 | 20,000 | 20,000 | 70,000 | 50,000 | 0 | 95,479 | 95,479 | 96,125 | 112,197 |
| Tax | -645,461 | 151,274 | 214,891 | -121,065 | 0 | 121,236 | 50,735 | -27,818 | -49,129 | 5,326 | 77,610 |
| Stock | 106,036 | 138,231 | -61,873 | -37,030 | -396,957 | 130,349 | -29,486 | 36,226 | -323,416 | 294,012 | 552,864 |
| Debtors | 3,350,374 | 1,125,439 | -1,650,655 | -92,071 | -479,197 | 137,999 | -146,420 | -413,484 | 817,080 | 568,590 | 4,566,753 |
| Creditors | -588,094 | 516,808 | -755,586 | -13,513 | 659,691 | 111,322 | -403,453 | 647,238 | 68,888 | 421,814 | 3,435,728 |
| Accruals and Deferred Income | 877,991 | 178,198 | 128,535 | -78,590 | 261,886 | -4,216 | 6,070 | -60,678 | 49,252 | -83,003 | 140,216 |
| Deferred Taxes & Provisions | 124,506 | -42,319 | -214,891 | 121,065 | 4,250 | 11,764 | 125,723 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 541,299 | 562,344 | 1,242,279 | -186,448 | -356,214 | -684,604 | -217,236 | 1,162,186 | -45,164 | -167,364 | -1,092,844 |
| Investing Activities | |||||||||||
| capital expenditure | 437,764 | -184,401 | 169,156 | -33,974 | -34,314 | -96,259 | -91,290 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,410 | 0 | 34,410 | 0 |
| cash flow from investments | 437,764 | -184,401 | 169,156 | 436 | -34,314 | -130,669 | -91,290 | ||||
| Financing Activities | |||||||||||
| Bank loans | -116,374 | 4,188 | -191,081 | 234,969 | 1,099 | 77,916 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 382,148 | 0 | 0 | -500,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,141,763 | 836,242 | -2,243,226 | -272,921 | 4,840,058 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,110,058 | -124,771 | 887,169 | 1,097,807 | -160,644 | 374,927 | 10,000 | 60,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 99,392 | 52,552 | 0 | 0 | -13,676 | 13,676 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -134,054 | -73,681 | -64,194 | -120,292 | -110,002 | -83,884 | -75,174 | -95,663 | -100,719 | -170,848 | -166,040 |
| cash flow from financing | -977,496 | 685,575 | -1,611,332 | 439,563 | 3,712,272 | 949,635 | 717,629 | -76,937 | -100,719 | -181,838 | 33,960 |
| cash and cash equivalents | |||||||||||
| cash | -573,513 | 856,108 | -191,983 | 70,476 | 95,031 | -47,907 | 8,022 | -96,789 | 109,055 | 52,168 | 6,268 |
| overdraft | 0 | -217,130 | 215,051 | -104,156 | -3,673,915 | 571,463 | 303,973 | -1,182,474 | 289,252 | 486,640 | 3,311,296 |
| change in cash | -573,513 | 1,073,238 | -407,034 | 174,632 | 3,768,946 | -619,370 | -295,951 | 1,085,685 | -180,197 | -434,472 | -3,305,028 |
j.f. edwards (smithfield) limited Credit Report and Business Information
J.f. Edwards (smithfield) Limited Competitor Analysis
Perform a competitor analysis for j.f. edwards (smithfield) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC1A area or any other competitors across 12 key performance metrics.
j.f. edwards (smithfield) limited Ownership
J.F. EDWARDS (SMITHFIELD) LIMITED group structure
J.F. Edwards (Smithfield) Limited has 5 subsidiary companies.
Ultimate parent company
1 parent
J.F. EDWARDS (SMITHFIELD) LIMITED
07718791
5 subsidiaries
j.f. edwards (smithfield) limited directors
J.F. Edwards (Smithfield) Limited currently has 5 directors. The longest serving directors include Mr Stephen Barber (Jul 2011) and Mr Geoffrey Buchanan (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Barber | 42 years | Jul 2011 | - | Director | |
| Mr Geoffrey Buchanan | 54 years | Jul 2018 | - | Director | |
| Mr Steven Harley | 61 years | Jul 2018 | - | Director | |
| Mr William Buchanan | 56 years | Jul 2018 | - | Director | |
| Mr Edward Whiffin | England | 29 years | Mar 2022 | - | Director |
P&L
December 2022turnover
47.5m
+28%
operating profit
4.1m
+328%
gross margin
12.5%
-6.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
622.8k
-1.25%
total assets
11.2m
+0.36%
cash
286.9k
-0.67%
net assets
Total assets minus all liabilities
j.f. edwards (smithfield) limited company details
company number
07718791
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
70100 - Activities of head offices
incorporation date
July 2011
age
13
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
42 central markets, west market building, london, EC1A 9PS
accountant
-
auditor
LARKING GOWEN LLP
j.f. edwards (smithfield) 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 found 11 charges/mortgages relating to j.f. edwards (smithfield) limited. Currently there are 4 open charges and 7 have been satisfied in the past.
j.f. edwards (smithfield) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
