drewett farming ltd

drewett farming ltd Company Information

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Company Number

09175494

Industry

Raising of dairy cattle

 

Mixed farming

 
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Shareholders

george drewett

gemma drewett

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Group Structure

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Contact

Registered Address

top farm spirthill, calne, SN11 9HW

Website

-

drewett farming ltd Estimated Valuation

£515.3k

Pomanda estimates the enterprise value of DREWETT FARMING LTD at £515.3k based on a Turnover of £1.3m and 0.39x industry multiple (adjusted for size and gross margin).

drewett farming ltd Estimated Valuation

£3.2k

Pomanda estimates the enterprise value of DREWETT FARMING LTD at £3.2k based on an EBITDA of £908 and a 3.53x industry multiple (adjusted for size and gross margin).

drewett farming ltd Estimated Valuation

£132.1k

Pomanda estimates the enterprise value of DREWETT FARMING LTD at £132.1k based on Net Assets of £95.2k and 1.39x industry multiple (adjusted for liquidity).

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Drewett Farming Ltd Overview

Drewett Farming Ltd is a live company located in calne, SN11 9HW with a Companies House number of 09175494. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in August 2014, it's largest shareholder is george drewett with a 46% stake. Drewett Farming Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.

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Drewett Farming Ltd Health Check

Pomanda's financial health check has awarded Drewett Farming Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£2.2m)

£1.3m - Drewett Farming Ltd

£2.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (6.2%)

30% - Drewett Farming Ltd

6.2% - Industry AVG

production

Production

with a gross margin of 16.7%, this company has a higher cost of product (27.3%)

16.7% - Drewett Farming Ltd

27.3% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (8.2%)

0.1% - Drewett Farming Ltd

8.2% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (18)

2 - Drewett Farming Ltd

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.1k, the company has an equivalent pay structure (£30.1k)

£30.1k - Drewett Farming Ltd

£30.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £655.1k, this is more efficient (£152.4k)

£655.1k - Drewett Farming Ltd

£152.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is later than average (24 days)

53 days - Drewett Farming Ltd

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 190 days, this is slower than average (40 days)

190 days - Drewett Farming Ltd

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Drewett Farming Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Drewett Farming Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 85.9%, this is a higher level of debt than the average (41.9%)

85.9% - Drewett Farming Ltd

41.9% - Industry AVG

DREWETT FARMING LTD financials

EXPORTms excel logo

Drewett Farming Ltd's latest turnover from October 2023 is estimated at £1.3 million and the company has net assets of £95.2 thousand. According to their latest financial statements, Drewett Farming Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Turnover1,310,205808,238800,661599,991608,329480,779278,129130,11684,703
Other Income Or Grants000000000
Cost Of Sales1,091,875656,451647,684492,606494,229392,178227,926108,35770,762
Gross Profit218,330151,787152,977107,385114,10088,60150,20321,75913,941
Admin Expenses217,422118,757139,260108,428114,096121,34617,433-21,171-22,952
Operating Profit90833,03013,717-1,0434-32,74532,77042,93036,893
Interest Payable000000000
Interest Receivable00000021016
Pre-Tax Profit90833,03013,717-1,0434-32,74532,77242,94036,909
Tax-227-6,276-2,6060-10-6,227-8,588-7,382
Profit After Tax68126,75411,111-1,0433-32,74526,54534,35229,527
Dividends Paid000000000
Retained Profit68126,75411,111-1,0433-32,74526,54534,35229,527
Employee Costs60,23783,17587,87755,60956,07853,57249,28725,68027,295
Number Of Employees233222211
EBITDA*90833,03013,717-1,0434-32,74532,77044,80438,568

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Tangible Assets483,784321,919162,267163,110143,09964,03113,69910,61712,491
Intangible Assets000000000
Investments & Other000000000
Debtors (Due After 1 year)000000000
Total Fixed Assets483,784321,919162,267163,110143,09964,03113,69910,61712,491
Stock & work in progress000000044,31043,560
Trade Debtors191,114146,120215,049210,669156,154121,86790,56941,25025,250
Group Debtors000000000
Misc Debtors000000000
Cash00000001,3326,471
misc current assets000000000
total current assets191,114146,120215,049210,669156,154121,86790,56986,89275,281
total assets674,898468,039377,316373,779299,253185,898104,26897,50987,772
Bank overdraft000000000
Bank loan000000000
Trade Creditors 569,211357,557288,024289,640241,571128,21913,84422,88615,647
Group/Directors Accounts000000000
other short term finances000000000
hp & lease commitments000000000
other current liabilities000000000
total current liabilities569,211357,557288,024289,640241,571128,21913,84422,88615,647
loans000000000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities10,50215,97821,54227,50000010,00040,000
provisions00000006442,498
total long term liabilities10,50215,97821,54227,50000010,64442,498
total liabilities579,713373,535309,566317,140241,571128,21913,84433,53058,145
net assets95,18594,50467,75056,63957,68257,67990,42463,97929,627
total shareholders funds95,18594,50467,75056,63957,68257,67990,42463,97929,627
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015
Operating Activities
Operating Profit90833,03013,717-1,0434-32,74532,77042,93036,893
Depreciation00000001,8741,675
Amortisation000000000
Tax-227-6,276-2,6060-10-6,227-8,588-7,382
Stock000000-44,31075043,560
Debtors44,994-68,9294,38054,51534,28731,29849,31916,00025,250
Creditors211,65469,533-1,61648,069113,352114,375-9,0427,23915,647
Accruals and Deferred Income000000000
Deferred Taxes & Provisions000000-644-1,8542,498
Cash flow from operations167,341165,2165,115-7,48979,06850,33211,84824,851-19,479
Investing Activities
capital expenditure-161,865-159,652843-20,011-79,068-50,332-3,0820-14,166
Change in Investments000000000
cash flow from investments-161,865-159,652843-20,011-79,068-50,332-3,0820-14,166
Financing Activities
Bank loans000000000
Group/Directors Accounts000000000
Other Short Term Loans 000000000
Long term loans000000000
Hire Purchase and Lease Commitments000000000
other long term liabilities-5,476-5,564-5,95827,50000-10,000-30,00040,000
share issue000000-1000100
interest00000021016
cash flow from financing-5,476-5,564-5,95827,50000-10,098-29,99040,116
cash and cash equivalents
cash000000-1,332-5,1396,471
overdraft000000000
change in cash000000-1,332-5,1396,471

drewett farming ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Drewett Farming Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for drewett farming ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in SN11 area or any other competitors across 12 key performance metrics.

drewett farming ltd Ownership

DREWETT FARMING LTD group structure

Drewett Farming Ltd has no subsidiary companies.

Ultimate parent company

DREWETT FARMING LTD

09175494

DREWETT FARMING LTD Shareholders

george drewett 46%
gemma drewett 44%
petrina drewett 10%

drewett farming ltd directors

Drewett Farming Ltd currently has 2 directors. The longest serving directors include Mrs Gemma Drewett (Aug 2014) and Mr George Drewett (Aug 2014).

officercountryagestartendrole
Mrs Gemma DrewettEngland40 years Aug 2014- Director
Mr George DrewettEngland40 years Aug 2014- Director

P&L

October 2023

turnover

1.3m

+62%

operating profit

908

0%

gross margin

16.7%

-11.27%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

95.2k

+0.01%

total assets

674.9k

+0.44%

cash

0

0%

net assets

Total assets minus all liabilities

drewett farming ltd company details

company number

09175494

Type

Private limited with Share Capital

industry

01410 - Raising of dairy cattle

01500 - Mixed farming

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

incorporation date

August 2014

age

10

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

October 2023

previous names

N/A

accountant

-

auditor

-

address

top farm spirthill, calne, SN11 9HW

Bank

-

Legal Advisor

-

drewett farming 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 did not find charges/mortgages relating to drewett farming ltd.

charges

drewett farming ltd Companies House Filings - See Documents

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