braegate produce limited
braegate produce limited Company Information
Company Number
08440223
Next Accounts
263 days late
Industry
Post-harvest crop activities
Directors
Shareholders
yorkshire initiatives ltd
Group Structure
View All
Contact
Registered Address
prospect house 1 prospect place, pride park, derby, DE24 8HG
braegate produce limited Estimated Valuation
Pomanda estimates the enterprise value of BRAEGATE PRODUCE LIMITED at £17.1m based on a Turnover of £23.1m and 0.74x industry multiple (adjusted for size and gross margin).
braegate produce limited Estimated Valuation
Pomanda estimates the enterprise value of BRAEGATE PRODUCE LIMITED at £7.2m based on an EBITDA of £997.6k and a 7.22x industry multiple (adjusted for size and gross margin).
braegate produce limited Estimated Valuation
Pomanda estimates the enterprise value of BRAEGATE PRODUCE LIMITED at £6.4m based on Net Assets of £5m and 1.28x industry multiple (adjusted for liquidity).
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Braegate Produce Limited Overview
Braegate Produce Limited is a live company located in derby, DE24 8HG with a Companies House number of 08440223. It operates in the post-harvest crop activities sector, SIC Code 01630. Founded in March 2013, it's largest shareholder is yorkshire initiatives ltd with a 100% stake. Braegate Produce Limited is a established, large sized company, Pomanda has estimated its turnover at £23.1m with declining growth in recent years.
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Braegate Produce Limited Health Check
Pomanda's financial health check has awarded Braegate Produce Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £23.1m, make it in line with the average company (£23.2m)
£23.1m - Braegate Produce Limited
£23.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.7%)
-2% - Braegate Produce Limited
1.7% - Industry AVG
Production
with a gross margin of 19.8%, this company has a lower cost of product (7.5%)
19.8% - Braegate Produce Limited
7.5% - Industry AVG
Profitability
an operating margin of 1.6% make it as profitable than the average company (1.5%)
1.6% - Braegate Produce Limited
1.5% - Industry AVG
Employees
with 57 employees, this is above the industry average (26)
57 - Braegate Produce Limited
26 - Industry AVG
Pay Structure
on an average salary of £37.7k, the company has an equivalent pay structure (£40.5k)
£37.7k - Braegate Produce Limited
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £404.7k, this is less efficient (£964.7k)
£404.7k - Braegate Produce Limited
£964.7k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (45 days)
58 days - Braegate Produce Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (37 days)
40 days - Braegate Produce Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is in line with average (9 days)
9 days - Braegate Produce Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Braegate Produce Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.3%, this is a lower level of debt than the average (66.5%)
52.3% - Braegate Produce Limited
66.5% - Industry AVG
BRAEGATE PRODUCE LIMITED financials
Braegate Produce Limited's latest turnover from June 2022 is £23.1 million and the company has net assets of £5 million. According to their latest financial statements, Braegate Produce Limited has 57 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2022 | Jun 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,069,557 | 32,726,731 | 25,882,771 | 24,413,864 | 28,830,114 | 18,847,906 | 12,998,960 | 11,866,482 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 18,505,447 | 23,911,951 | 20,051,909 | 18,203,259 | 20,790,714 | 15,234,870 | 10,492,384 | 8,710,681 | |
| Gross Profit | 4,564,110 | 8,814,780 | 5,830,862 | 6,210,605 | 8,039,400 | 3,613,036 | 2,506,576 | 3,155,801 | |
| Admin Expenses | 4,189,597 | 5,516,384 | 4,571,367 | 4,475,846 | 4,948,970 | 3,207,432 | 2,695,379 | 2,582,595 | |
| Operating Profit | 374,513 | 3,298,396 | 1,259,495 | 1,734,759 | 3,090,430 | 405,604 | -188,803 | 573,206 | |
| Interest Payable | 0 | 738 | 13,094 | 52,719 | 119,503 | 90,274 | 51,932 | 42,540 | |
| Interest Receivable | 57 | 0 | 0 | 56 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 374,570 | 3,297,658 | 1,246,401 | 2,705,427 | 1,402,712 | 601,481 | 17,998 | 530,666 | |
| Tax | -142,722 | -682,492 | -246,892 | -524,785 | -249,007 | -114,015 | 7,638 | -109,495 | |
| Profit After Tax | 231,848 | 2,615,166 | 999,509 | 2,180,642 | 1,153,705 | 487,466 | 25,636 | 421,171 | |
| Dividends Paid | 2,518,013 | 0 | 0 | 0 | 512,932 | 142,679 | 138,564 | 167,465 | |
| Retained Profit | -2,286,165 | 2,615,166 | 999,509 | 2,180,642 | 640,773 | 344,787 | -112,928 | 253,706 | |
| Employee Costs | 2,150,817 | 2,873,673 | 2,648,223 | 3,593,263 | 3,878,154 | 2,499,069 | 2,110,988 | 1,912,695 | |
| Number Of Employees | 57 | 62 | 90 | 84 | 82 | 65 | 53 | 51 | |
| EBITDA* | 997,620 | 3,872,417 | 1,688,282 | 2,123,546 | 3,404,700 | 624,138 | 6,420 | 731,646 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2022 | Jun 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,111,913 | 1,491,366 | 1,704,368 | 1,336,657 | 1,419,213 | 989,419 | 925,607 | 774,538 | 549,537 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 2,000 | 15,000 | 24,300 | 51,500 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,111,913 | 1,493,366 | 1,719,368 | 1,360,957 | 1,470,713 | 989,419 | 925,607 | 774,538 | 549,537 |
| Stock & work in progress | 466,457 | 632,625 | 644,211 | 1,046,585 | 1,443,679 | 2,044,875 | 738,541 | 880,467 | 547,659 |
| Trade Debtors | 3,721,003 | 3,574,849 | 4,352,057 | 4,218,336 | 4,988,544 | 5,198,297 | 2,443,636 | 1,747,752 | 1,906,401 |
| Group Debtors | 2,249,200 | 3,788,249 | 947,869 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 763,522 | 997,137 | 233,772 | 324,474 | 736,222 | 743,063 | 380,948 | 112,906 | 0 |
| Cash | 1,124,003 | 1,479,060 | 18,701 | 1,979,798 | 1,255,111 | 348 | 362 | 570 | 25,279 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,324,185 | 10,471,920 | 6,196,610 | 7,569,193 | 8,423,556 | 7,986,583 | 3,563,487 | 2,741,695 | 2,479,339 |
| total assets | 10,436,098 | 11,965,286 | 7,915,978 | 8,930,150 | 9,894,269 | 8,976,002 | 4,489,094 | 3,516,233 | 3,028,876 |
| Bank overdraft | 0 | 0 | 99,853 | 1,872,525 | 1,867,681 | 2,517,809 | 1,042,571 | 1,469,052 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,062,321 | 2,017,008 | 1,795,736 | 1,726,255 | 1,979,315 | 3,125,884 | 717,454 | 424,639 | 2,608,928 |
| Group/Directors Accounts | 811,663 | 395,008 | 0 | 0 | 43,227 | 229,792 | 149,260 | 129,012 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 42,968 | 89,762 | 132,201 | 78,856 | 47,125 | 16,936 | 0 |
| other current liabilities | 2,175,804 | 2,023,076 | 1,120,143 | 1,283,862 | 2,524,924 | 536,743 | 414,212 | 323,774 | 0 |
| total current liabilities | 5,049,788 | 4,435,092 | 3,058,700 | 4,972,404 | 7,547,348 | 7,489,084 | 3,370,622 | 2,363,413 | 2,608,928 |
| loans | 0 | 0 | 0 | 165,482 | 422,128 | 405,890 | 390,279 | 375,228 | 54,611 |
| hp & lease commitments | 0 | 0 | 4,350 | 49,545 | 193,918 | 158,003 | 153,250 | 83,393 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 165,003 | 0 | 0 | 0 | 38,164 |
| provisions | 405,281 | 263,000 | 200,900 | 90,200 | 93,995 | 91,921 | 88,626 | 94,954 | 41,000 |
| total long term liabilities | 405,281 | 263,000 | 205,250 | 305,227 | 875,044 | 655,814 | 632,155 | 553,575 | 133,775 |
| total liabilities | 5,455,069 | 4,698,092 | 3,263,950 | 5,277,631 | 8,422,392 | 8,144,898 | 4,002,777 | 2,916,988 | 2,742,703 |
| net assets | 4,981,029 | 7,267,194 | 4,652,028 | 3,652,519 | 1,471,877 | 831,104 | 486,317 | 599,245 | 286,173 |
| total shareholders funds | 4,981,029 | 7,267,194 | 4,652,028 | 3,652,519 | 1,471,877 | 831,104 | 486,317 | 599,245 | 286,173 |
| Jun 2022 | Jun 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 374,513 | 3,298,396 | 1,259,495 | 1,734,759 | 3,090,430 | 405,604 | -188,803 | 573,206 | |
| Depreciation | 623,107 | 574,021 | 428,787 | 388,787 | 314,270 | 218,534 | 195,223 | 158,440 | 109,815 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -142,722 | -682,492 | -246,892 | -524,785 | -249,007 | -114,015 | 7,638 | -109,495 | |
| Stock | -166,168 | -11,586 | -402,374 | -397,094 | -601,196 | 1,306,334 | -141,926 | 332,808 | 547,659 |
| Debtors | -1,628,510 | 2,813,537 | 981,588 | -1,209,156 | -165,094 | 3,116,776 | 963,926 | -45,743 | 1,906,401 |
| Creditors | 45,313 | 221,272 | 69,481 | -253,060 | -1,146,569 | 2,408,430 | 292,815 | -2,184,289 | 2,608,928 |
| Accruals and Deferred Income | 152,728 | 902,933 | -163,719 | -1,241,062 | 1,988,181 | 122,531 | 90,438 | 323,774 | 0 |
| Deferred Taxes & Provisions | 142,281 | 62,100 | 110,700 | -3,795 | 2,074 | 3,295 | -6,328 | 53,954 | 41,000 |
| Cash flow from operations | 2,989,898 | 1,574,279 | 878,638 | 1,707,094 | 4,765,669 | -1,378,731 | -431,017 | -1,471,475 | |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 416,655 | 395,008 | 0 | -43,227 | -186,565 | 80,532 | 20,248 | 129,012 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -1,000,000 | 0 | 0 | 1,000,000 | 0 | 0 |
| Long term loans | 0 | 0 | -165,482 | -256,646 | 16,238 | 15,611 | 15,051 | 320,617 | 54,611 |
| Hire Purchase and Lease Commitments | 0 | -47,318 | -91,989 | -186,812 | 89,260 | 36,484 | 100,046 | 100,329 | 0 |
| other long term liabilities | 0 | 0 | 0 | -165,003 | 165,003 | 0 | 0 | -38,164 | 38,164 |
| share issue | |||||||||
| interest | 57 | -738 | -13,094 | -52,663 | -119,503 | -90,274 | -51,932 | -42,540 | |
| cash flow from financing | 416,712 | 346,952 | -270,565 | -1,704,351 | -35,567 | 42,353 | 1,083,413 | 528,620 | |
| cash and cash equivalents | |||||||||
| cash | -355,057 | 1,460,359 | -1,961,097 | 724,687 | 1,254,763 | -14 | -208 | -24,709 | 25,279 |
| overdraft | 0 | -99,853 | -1,772,672 | 4,844 | -650,128 | 1,475,238 | -426,481 | 1,469,052 | 0 |
| change in cash | -355,057 | 1,560,212 | -188,425 | 719,843 | 1,904,891 | -1,475,252 | 426,273 | -1,493,761 | 25,279 |
braegate produce limited Credit Report and Business Information
Braegate Produce Limited Competitor Analysis
Perform a competitor analysis for braegate produce limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in DE24 area or any other competitors across 12 key performance metrics.
braegate produce limited Ownership
BRAEGATE PRODUCE LIMITED group structure
Braegate Produce Limited has no subsidiary companies.
Ultimate parent company
2 parents
BRAEGATE PRODUCE LIMITED
08440223
braegate produce limited directors
Braegate Produce Limited currently has 1 director, Mr Antony Edwards serving since Mar 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Edwards | England | 49 years | Mar 2013 | - | Director |
P&L
June 2022turnover
23.1m
-30%
operating profit
374.5k
-89%
gross margin
19.8%
-26.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2022net assets
5m
-0.31%
total assets
10.4m
-0.13%
cash
1.1m
-0.24%
net assets
Total assets minus all liabilities
Similar Companies
braegate produce limited company details
company number
08440223
Type
Private limited with Share Capital
industry
01630 - Post-harvest crop activities
incorporation date
March 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2022
previous names
ibbotsons produce limited (December 2018)
accountant
-
auditor
PKF SMITH COOPER LIMITED
address
prospect house 1 prospect place, pride park, derby, DE24 8HG
Bank
-
Legal Advisor
-
braegate produce 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 3 charges/mortgages relating to braegate produce limited. Currently there are 0 open charges and 3 have been satisfied in the past.
braegate produce 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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braegate produce limited Companies House Filings - See Documents
| date | description | view/download |
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