jg foods limited
jg foods limited Company Information
Company Number
08178714
Next Accounts
Sep 2025
Directors
Shareholders
nicholas shutts
nigel morris
Group Structure
View All
Industry
Other retail sale of food in specialised stores
Registered Address
bays 3&4, building 2, dandy bank road, kingswinford, west midlands, DY6 7TD
Website
http://grapetree.co.ukjg foods limited Estimated Valuation
Pomanda estimates the enterprise value of JG FOODS LIMITED at £46.2m based on a Turnover of £52.4m and 0.88x industry multiple (adjusted for size and gross margin).
jg foods limited Estimated Valuation
Pomanda estimates the enterprise value of JG FOODS LIMITED at £29.7m based on an EBITDA of £3m and a 9.77x industry multiple (adjusted for size and gross margin).
jg foods limited Estimated Valuation
Pomanda estimates the enterprise value of JG FOODS LIMITED at £17.2m based on Net Assets of £7.3m and 2.36x industry multiple (adjusted for liquidity).
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Jg Foods Limited Overview
Jg Foods Limited is a live company located in kingswinford, DY6 7TD with a Companies House number of 08178714. It operates in the other retail sale of food in specialised stores sector, SIC Code 47290. Founded in August 2012, it's largest shareholder is nicholas shutts with a 80% stake. Jg Foods Limited is a established, large sized company, Pomanda has estimated its turnover at £52.4m with high growth in recent years.
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Jg Foods Limited Health Check
Pomanda's financial health check has awarded Jg Foods Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
2 Regular
1 Weak
Size
annual sales of £52.4m, make it larger than the average company (£823.7k)
£52.4m - Jg Foods Limited
£823.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (7.3%)
18% - Jg Foods Limited
7.3% - Industry AVG
Production
with a gross margin of 49.3%, this company has a lower cost of product (37.1%)
49.3% - Jg Foods Limited
37.1% - Industry AVG
Profitability
an operating margin of 4.3% make it more profitable than the average company (2.6%)
4.3% - Jg Foods Limited
2.6% - Industry AVG
Employees
with 628 employees, this is above the industry average (19)
628 - Jg Foods Limited
19 - Industry AVG
Pay Structure
on an average salary of £14.2k, the company has an equivalent pay structure (£17.1k)
£14.2k - Jg Foods Limited
£17.1k - Industry AVG
Efficiency
resulting in sales per employee of £83.4k, this is equally as efficient (£84.6k)
£83.4k - Jg Foods Limited
£84.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (23 days)
0 days - Jg Foods Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 88 days, this is slower than average (33 days)
88 days - Jg Foods Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 106 days, this is more than average (26 days)
106 days - Jg Foods Limited
26 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (19 weeks)
25 weeks - Jg Foods Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.4%, this is a lower level of debt than the average (83.7%)
60.4% - Jg Foods Limited
83.7% - Industry AVG
JG FOODS LIMITED financials
Jg Foods Limited's latest turnover from December 2023 is £52.4 million and the company has net assets of £7.3 million. According to their latest financial statements, Jg Foods Limited has 628 employees and maintains cash reserves of £4.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 52,370,825 | 38,299,850 | 34,162,537 | 31,645,527 | 30,931,164 | 28,270,526 | 23,468,611 | 19,169,897 | 14,672,142 | 9,881,234 | |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 26,539,369 | 18,151,287 | 17,063,431 | 18,064,989 | 20,517,935 | 18,788,881 | 15,287,084 | 12,584,276 | 9,710,130 | ||
| Gross Profit | 25,831,456 | 20,148,563 | 17,099,106 | 13,580,538 | 10,413,229 | 9,481,645 | 8,181,527 | 6,585,621 | 4,962,012 | ||
| Admin Expenses | 23,561,362 | 18,474,047 | 15,608,498 | 12,464,988 | 9,325,419 | 8,591,978 | 7,161,416 | 5,825,098 | 4,540,091 | ||
| Operating Profit | 2,270,094 | 1,674,516 | 1,490,608 | 1,115,550 | 1,087,810 | 889,667 | 1,020,111 | 760,523 | 421,921 | -3,023,124 | |
| Interest Payable | 128,247 | 98,587 | 83,187 | 106,175 | 137,716 | 114,176 | 70,585 | 54,067 | 53,318 | 32,600 | |
| Interest Receivable | 84,196 | 12,064 | 1,936 | 4,499 | 1,976 | 377 | 1,076 | 26 | |||
| Pre-Tax Profit | 2,226,043 | 1,587,993 | 1,407,421 | 1,011,311 | 954,593 | 777,467 | 949,903 | 707,532 | 368,629 | -3,055,724 | |
| Tax | -702,997 | -267,826 | -250,000 | -212,562 | -204,463 | -168,002 | -192,195 | -155,145 | -76,468 | -116,501 | |
| Profit After Tax | 1,523,046 | 1,320,167 | 1,157,421 | 798,749 | 750,130 | 609,465 | 757,708 | 552,387 | 292,161 | -3,172,225 | |
| Dividends Paid | 150,000 | 100,000 | 150,000 | 50,000 | 100,000 | 200,000 | 70,000 | 120,000 | 20,000 | ||
| Retained Profit | 1,373,046 | 1,220,167 | 1,007,421 | 748,749 | 650,130 | 409,465 | 687,708 | 432,387 | 272,161 | -3,172,225 | |
| Employee Costs | 8,907,680 | 7,393,063 | 6,648,835 | 6,013,746 | 5,790,467 | 5,176,085 | 4,138,900 | 3,407,088 | 2,603,405 | 1,673,618 | |
| Number Of Employees | 628 | 597 | 572 | 552 | 539 | 499 | 425 | 358 | 289 | 196 | |
| EBITDA* | 3,041,833 | 2,383,126 | 2,131,007 | 1,699,666 | 1,671,107 | 1,397,899 | 1,409,785 | 1,070,635 | 658,931 | -2,905,321 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,800,851 | 3,320,812 | 2,982,403 | 2,831,753 | 2,816,880 | 2,758,548 | 2,350,661 | 1,895,441 | 1,447,508 | 1,098,169 | 439,721 |
| Intangible Assets | 22,135 | ||||||||||
| Investments & Other | 1 | 1 | 1 | ||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 3,822,987 | 3,320,813 | 2,982,404 | 2,831,753 | 2,816,880 | 2,758,548 | 2,350,661 | 1,895,441 | 1,447,508 | 1,098,169 | 439,721 |
| Stock & work in progress | 7,710,832 | 6,884,885 | 4,325,814 | 4,061,717 | 3,968,216 | 3,932,413 | 3,015,995 | 2,073,105 | 1,592,525 | 1,443,805 | 493,477 |
| Trade Debtors | 64,018 | 16,529 | 203,396 | 38,181 | 10,669 | 17,020 | 8,601 | 1,368 | 28 | 510 | 374,642 |
| Group Debtors | |||||||||||
| Misc Debtors | 2,504,282 | 2,315,044 | 1,946,776 | 1,308,922 | 1,733,266 | 1,798,098 | 1,404,069 | 1,190,463 | 781,909 | 643,402 | |
| Cash | 4,322,472 | 2,500,868 | 2,963,725 | 2,756,478 | 1,234,646 | 710,623 | 773,863 | 939,722 | 602,641 | 576,263 | 290,695 |
| misc current assets | |||||||||||
| total current assets | 14,601,604 | 11,717,326 | 9,439,711 | 8,165,298 | 6,946,797 | 6,458,154 | 5,202,528 | 4,204,658 | 2,977,103 | 2,663,980 | 1,158,814 |
| total assets | 18,424,591 | 15,038,139 | 12,422,115 | 10,997,051 | 9,763,677 | 9,216,702 | 7,553,189 | 6,100,099 | 4,424,611 | 3,762,149 | 1,598,535 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 6,425,413 | 5,158,261 | 3,991,815 | 4,127,713 | 3,395,647 | 3,727,196 | 2,899,242 | 2,684,257 | 1,962,535 | 1,792,824 | 1,043,530 |
| Group/Directors Accounts | 1 | 5,298 | 55,636 | 4,244 | 167,520 | 110,747 | 87,094 | 113,601 | 114,595 | 144,873 | |
| other short term finances | |||||||||||
| hp & lease commitments | 584,131 | 532,895 | 472,870 | 463,368 | 518,501 | 479,714 | 276,357 | 204,742 | 120,686 | 61,332 | |
| other current liabilities | 1,724,820 | 1,177,347 | 1,075,240 | 932,667 | 921,977 | 848,163 | 763,632 | 627,703 | 433,912 | 476,924 | |
| total current liabilities | 8,734,365 | 6,873,801 | 5,595,561 | 5,527,992 | 5,003,645 | 5,165,820 | 4,026,325 | 3,630,303 | 2,631,728 | 2,475,953 | 1,043,530 |
| loans | 86,048 | 93,775 | 119,399 | ||||||||
| hp & lease commitments | 500,389 | 563,379 | 443,547 | 334,830 | 389,387 | 523,360 | 401,786 | 173,157 | 153,432 | 131,828 | |
| Accruals and Deferred Income | |||||||||||
| other liabilities | 861,414 | 970,580 | 966,039 | 942,036 | 957,388 | 852,391 | 735,873 | 638,071 | 573,436 | 403,978 | 402,013 |
| provisions | 1,025,451 | 700,453 | 707,209 | 489,855 | 459,668 | 371,672 | 495,211 | 366,234 | 198,341 | 129,253 | 33,337 |
| total long term liabilities | 2,387,254 | 2,234,412 | 2,116,795 | 1,766,721 | 1,806,443 | 1,747,423 | 1,632,870 | 1,263,510 | 1,018,984 | 784,458 | 435,350 |
| total liabilities | 11,121,619 | 9,108,213 | 7,712,356 | 7,294,713 | 6,810,088 | 6,913,243 | 5,659,195 | 4,893,813 | 3,650,712 | 3,260,411 | 1,478,880 |
| net assets | 7,302,972 | 5,929,926 | 4,709,759 | 3,702,338 | 2,953,589 | 2,303,459 | 1,893,994 | 1,206,286 | 773,899 | 501,738 | 119,655 |
| total shareholders funds | 7,302,972 | 5,929,926 | 4,709,759 | 3,702,338 | 2,953,589 | 2,303,459 | 1,893,994 | 1,206,286 | 773,899 | 501,738 | 119,655 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 2,270,094 | 1,674,516 | 1,490,608 | 1,115,550 | 1,087,810 | 889,667 | 1,020,111 | 760,523 | 421,921 | -3,023,124 | |
| Depreciation | 771,739 | 708,610 | 640,399 | 584,116 | 583,297 | 508,232 | 389,674 | 310,112 | 237,010 | 117,803 | 62,789 |
| Amortisation | |||||||||||
| Tax | -702,997 | -267,826 | -250,000 | -212,562 | -204,463 | -168,002 | -192,195 | -155,145 | -76,468 | -116,501 | |
| Stock | 825,947 | 2,559,071 | 264,097 | 93,501 | 35,803 | 916,418 | 942,890 | 480,580 | 148,720 | 950,328 | 493,477 |
| Debtors | 236,727 | 181,401 | 803,069 | -396,832 | -71,183 | 402,448 | 220,839 | 409,894 | 138,025 | 269,270 | 374,642 |
| Creditors | 1,267,152 | 1,166,446 | -135,898 | 732,066 | -331,549 | 827,954 | 214,985 | 721,722 | 169,711 | 749,294 | 1,043,530 |
| Accruals and Deferred Income | 547,473 | 102,107 | 142,573 | 10,690 | 73,814 | 84,531 | 135,929 | 193,791 | -43,012 | 476,924 | |
| Deferred Taxes & Provisions | 324,998 | -6,756 | 217,354 | 30,187 | 87,996 | -123,539 | 128,977 | 167,893 | 69,088 | 95,916 | 33,337 |
| Cash flow from operations | 3,415,785 | 636,625 | 1,037,870 | 2,563,378 | 1,332,285 | 699,977 | 533,752 | 1,108,422 | 491,505 | -2,919,286 | |
| Investing Activities | |||||||||||
| capital expenditure | -221,948 | -298,007 | -760,528 | -625,867 | -779,218 | ||||||
| Change in Investments | 1 | ||||||||||
| cash flow from investments | -1 | -221,948 | -298,007 | -760,528 | -625,867 | -779,218 | |||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -5,297 | -50,338 | 51,392 | -163,276 | 56,773 | 23,653 | -26,507 | -994 | -30,278 | 144,873 | |
| Other Short Term Loans | |||||||||||
| Long term loans | -86,048 | -7,727 | -25,624 | 119,399 | |||||||
| Hire Purchase and Lease Commitments | -11,754 | 179,857 | 118,219 | -109,690 | -95,186 | 324,931 | 300,244 | 103,781 | 80,958 | 193,160 | |
| other long term liabilities | -109,166 | 4,541 | 24,003 | -15,352 | 104,997 | 116,518 | 97,802 | 64,635 | 169,458 | 1,965 | 402,013 |
| share issue | |||||||||||
| interest | -44,051 | -86,523 | -83,187 | -104,239 | -133,217 | -112,200 | -70,208 | -52,991 | -53,292 | -32,600 | |
| cash flow from financing | -170,268 | 47,537 | 110,427 | -392,557 | -66,633 | 352,902 | 215,283 | 106,704 | 141,222 | 3,981,105 | |
| cash and cash equivalents | |||||||||||
| cash | 1,821,604 | -462,857 | 207,247 | 1,521,832 | 524,023 | -63,240 | -165,859 | 337,081 | 26,378 | 285,568 | 290,695 |
| overdraft | |||||||||||
| change in cash | 1,821,604 | -462,857 | 207,247 | 1,521,832 | 524,023 | -63,240 | -165,859 | 337,081 | 26,378 | 285,568 | 290,695 |
jg foods limited Credit Report and Business Information
Jg Foods Limited Competitor Analysis
Perform a competitor analysis for jg foods 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 DY6 area or any other competitors across 12 key performance metrics.
jg foods limited Ownership
JG FOODS LIMITED group structure
Jg Foods Limited has no subsidiary companies.
Ultimate parent company
JG FOODS LIMITED
08178714
jg foods limited directors
Jg Foods Limited currently has 1 director, Mr Nicholas Shutts serving since Aug 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Shutts | 70 years | Aug 2012 | - | Director |
P&L
December 2023turnover
52.4m
+37%
operating profit
2.3m
+36%
gross margin
49.4%
-6.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.3m
+0.23%
total assets
18.4m
+0.23%
cash
4.3m
+0.73%
net assets
Total assets minus all liabilities
jg foods limited company details
company number
08178714
Type
Private limited with Share Capital
industry
47290 - Other retail sale of food in specialised stores
incorporation date
August 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
NICKLIN AUDIT LIMITED
address
bays 3&4, building 2, dandy bank road, kingswinford, west midlands, DY6 7TD
Bank
-
Legal Advisor
-
jg foods 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 jg foods limited.
jg foods 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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jg foods limited Companies House Filings - See Documents
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