a.e. rodda & son group ltd
a.e. rodda & son group ltd Company Information
Company Number
08330491
Website
www.northdownfarm.comRegistered Address
the creamery scorrier, redruth, cornwall, TR16 5BU
Industry
Activities of head offices
Telephone
01209823300
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
john pengelly 25%
philip rodda 20%
View Alla.e. rodda & son group ltd Estimated Valuation
Pomanda estimates the enterprise value of A.E. RODDA & SON GROUP LTD at £67.4m based on a Turnover of £49.9m and 1.35x industry multiple (adjusted for size and gross margin).
a.e. rodda & son group ltd Estimated Valuation
Pomanda estimates the enterprise value of A.E. RODDA & SON GROUP LTD at £26.7m based on an EBITDA of £2.9m and a 9.06x industry multiple (adjusted for size and gross margin).
a.e. rodda & son group ltd Estimated Valuation
Pomanda estimates the enterprise value of A.E. RODDA & SON GROUP LTD at £28.9m based on Net Assets of £10.8m and 2.68x industry multiple (adjusted for liquidity).
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A.e. Rodda & Son Group Ltd Overview
A.e. Rodda & Son Group Ltd is a live company located in cornwall, TR16 5BU with a Companies House number of 08330491. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2012, it's largest shareholder is john pengelly with a 25% stake. A.e. Rodda & Son Group Ltd is a established, large sized company, Pomanda has estimated its turnover at £49.9m with healthy growth in recent years.
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A.e. Rodda & Son Group Ltd Health Check
Pomanda's financial health check has awarded A.E. Rodda & Son Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £49.9m, make it larger than the average company (£22.3m)
£49.9m - A.e. Rodda & Son Group Ltd
£22.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (8.6%)
10% - A.e. Rodda & Son Group Ltd
8.6% - Industry AVG
Production
with a gross margin of 25.5%, this company has a higher cost of product (32.9%)
25.5% - A.e. Rodda & Son Group Ltd
32.9% - Industry AVG
Profitability
an operating margin of 4.6% make it less profitable than the average company (5.8%)
4.6% - A.e. Rodda & Son Group Ltd
5.8% - Industry AVG
Employees
with 184 employees, this is above the industry average (124)
184 - A.e. Rodda & Son Group Ltd
124 - Industry AVG
Pay Structure
on an average salary of £35.2k, the company has a lower pay structure (£48k)
£35.2k - A.e. Rodda & Son Group Ltd
£48k - Industry AVG
Efficiency
resulting in sales per employee of £271k, this is more efficient (£198.1k)
£271k - A.e. Rodda & Son Group Ltd
£198.1k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (45 days)
35 days - A.e. Rodda & Son Group Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (43 days)
27 days - A.e. Rodda & Son Group Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (48 days)
26 days - A.e. Rodda & Son Group Ltd
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (16 weeks)
40 weeks - A.e. Rodda & Son Group Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.7%, this is a lower level of debt than the average (55%)
40.7% - A.e. Rodda & Son Group Ltd
55% - Industry AVG
A.E. RODDA & SON GROUP LTD financials
A.E. Rodda & Son Group Ltd's latest turnover from March 2024 is £49.9 million and the company has net assets of £10.8 million. According to their latest financial statements, A.E. Rodda & Son Group Ltd has 184 employees and maintains cash reserves of £3.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 49,860,000 | 51,277,000 | 41,307,000 | 37,879,000 | 38,375,000 | 36,848,000 | 36,570,000 | 31,324,000 | 29,840,972 | 30,468,775 | 33,115,752 | 29,282,352 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 37,136,000 | 41,188,000 | 30,846,000 | 27,177,000 | 28,877,000 | 29,502,000 | 31,548,000 | 24,296,000 | 22,248,336 | 26,084,938 | 26,320,127 | 23,106,573 |
| Gross Profit | 12,724,000 | 10,089,000 | 10,461,000 | 10,702,000 | 9,498,000 | 7,346,000 | 5,022,000 | 7,028,000 | 7,592,636 | 4,383,837 | 6,795,625 | 6,175,779 |
| Admin Expenses | 10,430,000 | 9,724,000 | 8,405,000 | 8,138,000 | 7,528,000 | 7,162,000 | 6,946,000 | 6,308,000 | 6,215,198 | 4,750,915 | 6,073,332 | 5,552,937 |
| Operating Profit | 2,294,000 | 365,000 | 2,056,000 | 2,564,000 | 1,970,000 | 184,000 | -1,924,000 | 720,000 | 1,377,438 | -367,078 | 722,293 | 622,842 |
| Interest Payable | 89,000 | 62,000 | 63,000 | 76,000 | 113,000 | 49,000 | 46,000 | 77,000 | 98,867 | 78,830 | 43,181 | 30,983 |
| Interest Receivable | 0 | 0 | 0 | 24,000 | 0 | 2,000 | 0 | 1,007 | 0 | 1,037 | 473 | |
| Pre-Tax Profit | 2,205,000 | 303,000 | 1,993,000 | 2,522,000 | 1,825,000 | 62,000 | -2,472,000 | 643,000 | 1,279,578 | -445,908 | 680,149 | 592,332 |
| Tax | -582,000 | -5,000 | -455,000 | -487,000 | -455,000 | 0 | 460,000 | -136,000 | -176,054 | 55,198 | -178,417 | -243,041 |
| Profit After Tax | 1,623,000 | 298,000 | 1,538,000 | 2,035,000 | 1,370,000 | 62,000 | -2,012,000 | 507,000 | 1,103,524 | -390,710 | 501,732 | 349,291 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,623,000 | 298,000 | 1,538,000 | 2,035,000 | 1,370,000 | 62,000 | -2,012,000 | 507,000 | 1,103,524 | -390,710 | 501,732 | 349,291 |
| Employee Costs | 6,482,000 | 5,969,000 | 5,451,000 | 4,904,000 | 4,625,000 | 4,695,000 | 4,876,000 | 3,940,000 | 3,412,049 | 3,128,306 | 2,890,288 | 2,622,744 |
| Number Of Employees | 184 | 205 | 179 | 161 | 149 | 153 | 161 | 139 | 131 | 118 | 111 | 106 |
| EBITDA* | 2,949,000 | 888,000 | 2,507,000 | 3,076,000 | 2,459,000 | 799,000 | -218,000 | 1,509,725,000 | 2,804,813 | 1,043,097 | 2,023,449 | 1,677,795 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,250,000 | 4,141,000 | 3,946,000 | 3,626,000 | 3,901,000 | 4,621,000 | 5,036,000 | 5,069,000 | 5,344,374 | 6,117,198 | 7,545,586 | 6,552,712 |
| Intangible Assets | 1,670,000 | 1,026,000 | 44,000 | 53,000 | 99,000 | 74,000 | 84,000 | 102,000 | 281,754 | 420,435 | 10,001 | 86,668 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,920,000 | 5,167,000 | 3,990,000 | 3,679,000 | 4,000,000 | 4,695,000 | 5,120,000 | 5,171,000 | 5,626,128 | 6,537,633 | 7,555,587 | 6,639,380 |
| Stock & work in progress | 2,676,000 | 4,213,000 | 1,516,000 | 2,111,000 | 1,923,000 | 2,535,000 | 3,522,000 | 1,611,000 | 1,673,099 | 1,383,121 | 831,008 | 931,683 |
| Trade Debtors | 4,806,000 | 5,576,000 | 5,112,000 | 4,220,000 | 3,721,000 | 4,268,000 | 4,023,000 | 4,057,000 | 3,142,375 | 3,333,519 | 3,635,569 | 3,262,153 |
| Group Debtors | 0 | 203,000 | 0 | 0 | 0 | 30,000 | 120,000 | 398,000 | 256,705 | 0 | 0 | 0 |
| Misc Debtors | 964,000 | 383,000 | 421,000 | 364,000 | 288,000 | 189,000 | 649,000 | 380,000 | 431,270 | 216,945 | 387,670 | 383,353 |
| Cash | 3,823,000 | 870,000 | 4,498,000 | 3,743,000 | 1,988,000 | 4,000 | 2,000 | 15,000 | 665,077 | 1,384 | 800,411 | 627,110 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,269,000 | 11,245,000 | 11,547,000 | 10,438,000 | 7,920,000 | 7,026,000 | 8,316,000 | 6,461,000 | 6,168,526 | 4,934,969 | 5,654,658 | 5,204,299 |
| total assets | 18,189,000 | 16,412,000 | 15,537,000 | 14,117,000 | 11,920,000 | 11,721,000 | 13,436,000 | 11,632,000 | 11,794,654 | 11,472,602 | 13,210,245 | 11,843,679 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 16,000 | 728,000 | 5,000 | 6,881 | 21,109 | 0 | 0 |
| Bank loan | 199,000 | 193,000 | 192,000 | 180,000 | 211,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 0 | 0 |
| Trade Creditors | 2,798,000 | 3,656,000 | 3,008,000 | 2,223,000 | 2,070,000 | 1,907,000 | 3,280,000 | 2,375,000 | 688,983 | 891,280 | 1,006,239 | 522,804 |
| Group/Directors Accounts | 231,000 | 0 | 333,000 | 600,000 | 237,000 | 0 | 0 | 186,000 | 475,270 | 295,281 | 1,425,452 | 1,464,916 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 2,567,000 | 2,174,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 67,000 | 42,000 | 0 | 203,000 | 265,000 | 265,000 | 329,000 | 248,000 | 369,907 | 582,158 | 390,099 | 201,322 |
| other current liabilities | 1,671,000 | 1,307,000 | 1,281,000 | 1,493,000 | 1,348,000 | 717,000 | 241,000 | 300,000 | 1,553,646 | 1,499,416 | 1,484,108 | 1,714,859 |
| total current liabilities | 4,966,000 | 5,198,000 | 4,814,000 | 4,699,000 | 4,131,000 | 5,612,000 | 6,892,000 | 3,254,000 | 3,234,687 | 3,429,244 | 4,305,898 | 3,903,901 |
| loans | 1,471,000 | 1,626,000 | 1,438,000 | 1,833,000 | 2,172,000 | 1,565,000 | 1,705,000 | 1,845,000 | 1,985,000 | 2,125,000 | 900,000 | 900,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 475,000 | 739,000 | 64,000 | 301,791 | 479,059 | 714,194 | 169,757 |
| Accruals and Deferred Income | 0 | 0 | 0 | 11,000 | 61,000 | 154,000 | 247,000 | 382,000 | 596,539 | 819,023 | 0 | 1,189,906 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 974,000 | 433,000 | 428,000 | 255,000 | 271,000 | 0 | 0 | 222,000 | 317,712 | 364,875 | 376,321 | 331,764 |
| total long term liabilities | 2,445,000 | 2,059,000 | 1,866,000 | 2,099,000 | 2,504,000 | 2,194,000 | 2,691,000 | 2,513,000 | 3,201,042 | 3,787,957 | 1,990,515 | 2,591,427 |
| total liabilities | 7,411,000 | 7,257,000 | 6,680,000 | 6,798,000 | 6,635,000 | 7,806,000 | 9,583,000 | 5,767,000 | 6,435,729 | 7,217,201 | 6,296,413 | 6,495,328 |
| net assets | 10,778,000 | 9,155,000 | 8,857,000 | 7,319,000 | 5,285,000 | 3,915,000 | 3,853,000 | 5,865,000 | 5,358,925 | 4,255,401 | 6,913,832 | 5,348,351 |
| total shareholders funds | 10,778,000 | 9,155,000 | 8,857,000 | 7,319,000 | 5,285,000 | 3,915,000 | 3,853,000 | 5,865,000 | 5,358,925 | 4,255,401 | 6,913,832 | 5,348,351 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 2,294,000 | 365,000 | 2,056,000 | 2,564,000 | 1,970,000 | 184,000 | -1,924,000 | 720,000 | 1,377,438 | -367,078 | 722,293 | 622,842 |
| Depreciation | 573,000 | 508,000 | 438,000 | 455,000 | 478,000 | 605,000 | 1,509,000 | 1,311,731,000 | 1,236,158 | 1,215,638 | 1,224,489 | 978,286 |
| Amortisation | 82,000 | 15,000 | 13,000 | 57,000 | 11,000 | 10,000 | 197,000 | 197,274,000 | 191,217 | 194,537 | 76,667 | 76,667 |
| Tax | -582,000 | -5,000 | -455,000 | -487,000 | -455,000 | 0 | 460,000 | -136,000 | -176,054 | 55,198 | -178,417 | -243,041 |
| Stock | -1,537,000 | 2,697,000 | -595,000 | 188,000 | -612,000 | -987,000 | 1,911,000 | -62,099 | 289,978 | 552,113 | -100,675 | 931,683 |
| Debtors | -392,000 | 629,000 | 949,000 | 575,000 | -478,000 | -305,000 | -43,000 | 1,004,650 | 279,886 | -472,775 | 377,733 | 3,645,506 |
| Creditors | -858,000 | 648,000 | 785,000 | 153,000 | 163,000 | -1,373,000 | 905,000 | 1,686,017 | -202,297 | -114,959 | 483,435 | 522,804 |
| Accruals and Deferred Income | 364,000 | 26,000 | -223,000 | 95,000 | 538,000 | 383,000 | -194,000 | -1,468,185 | -168,254 | 834,331 | -1,420,657 | 2,904,765 |
| Deferred Taxes & Provisions | 541,000 | 5,000 | 173,000 | -16,000 | 271,000 | 0 | -222,000 | -95,712 | -47,163 | -11,446 | 44,557 | 331,764 |
| Cash flow from operations | 4,343,000 | -1,764,000 | 2,433,000 | 2,058,000 | 4,066,000 | 1,101,000 | -1,137,000 | 1,508,768,569 | 1,641,181 | 1,726,883 | 675,309 | 616,898 |
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 1,061,000 | 0 | 0 | 0 | -1,227,562 | -1,231,894 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 1,061,000 | 0 | 0 | 0 | -1,227,562 | -1,231,894 |
| Financing Activities | ||||||||||||
| Bank loans | 6,000 | 1,000 | 12,000 | -31,000 | 71,000 | 0 | 0 | 0 | 0 | 140,000 | 0 | 0 |
| Group/Directors Accounts | 231,000 | -333,000 | -267,000 | 363,000 | 237,000 | 0 | -186,000 | -289,270 | 179,989 | -1,130,171 | -39,464 | 1,464,916 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -2,567,000 | 393,000 | 2,174,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -155,000 | 188,000 | -395,000 | -339,000 | 607,000 | -140,000 | -140,000 | -140,000 | -140,000 | 1,225,000 | 0 | 900,000 |
| Hire Purchase and Lease Commitments | 25,000 | 42,000 | -203,000 | -62,000 | -475,000 | -328,000 | 756,000 | -359,698 | -389,519 | -43,076 | 733,214 | 371,079 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -89,000 | -62,000 | -63,000 | -52,000 | -113,000 | -47,000 | -46,000 | -97,860 | -78,830 | -42,144 | -30,510 | |
| cash flow from financing | 18,000 | -164,000 | -916,000 | -122,000 | -2,240,000 | -122,000 | 2,558,000 | -447,390 | -2,154,798 | 1,715,355 | 7,704,545 | |
| cash and cash equivalents | ||||||||||||
| cash | 2,953,000 | -3,628,000 | 755,000 | 1,755,000 | 1,984,000 | 2,000 | -13,000 | -650,077 | 663,693 | -799,027 | 173,301 | 627,110 |
| overdraft | 0 | 0 | 0 | 0 | -16,000 | -712,000 | 723,000 | -1,881 | -14,228 | 21,109 | 0 | 0 |
| change in cash | 2,953,000 | -3,628,000 | 755,000 | 1,755,000 | 2,000,000 | 714,000 | -736,000 | -648,196 | 677,921 | -820,136 | 173,301 | 627,110 |
a.e. rodda & son group ltd Credit Report and Business Information
A.e. Rodda & Son Group Ltd Competitor Analysis
Perform a competitor analysis for a.e. rodda & son group ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in TR16 area or any other competitors across 12 key performance metrics.
a.e. rodda & son group ltd Ownership
A.E. RODDA & SON GROUP LTD group structure
A.E. Rodda & Son Group Ltd has 1 subsidiary company.
Ultimate parent company
A.E. RODDA & SON GROUP LTD
08330491
1 subsidiary
a.e. rodda & son group ltd directors
A.E. Rodda & Son Group Ltd currently has 9 directors. The longest serving directors include Mr Nicholas Rodda (Mar 2013) and Mr John Pengelly (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Rodda | United Kingdom | 55 years | Mar 2013 | - | Director |
| Mr John Pengelly | United Kingdom | 80 years | Mar 2013 | - | Director |
| Mr Alfred Rodda | United Kingdom | 81 years | Mar 2013 | - | Director |
| Mr Philip Rodda | 73 years | Mar 2013 | - | Director | |
| Mr Patrick O'Keeffe | United Kingdom | 61 years | Oct 2019 | - | Director |
| Mrs Theresa Dennett | England | 54 years | Oct 2019 | - | Director |
| Mr Thomas Bell | 46 years | Dec 2020 | - | Director | |
| Mr Adrian Carne | 58 years | Jul 2024 | - | Director | |
| Mr David Saint | 59 years | Jul 2024 | - | Director |
P&L
March 2024turnover
49.9m
-3%
operating profit
2.3m
+528%
gross margin
25.6%
+29.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
10.8m
+0.18%
total assets
18.2m
+0.11%
cash
3.8m
+3.39%
net assets
Total assets minus all liabilities
a.e. rodda & son group ltd company details
company number
08330491
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2012
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
north downs farm ltd (September 2019)
accountant
-
auditor
PKF FRANCIS CLARK
address
the creamery scorrier, redruth, cornwall, TR16 5BU
Bank
-
Legal Advisor
-
a.e. rodda & son group 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 a.e. rodda & son group ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
a.e. rodda & son group ltd Companies House Filings - See Documents
| date | description | view/download |
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