latchetts farm limited
latchetts farm limited Company Information
Group Structure
View All
Industry
Manufacture of ice cream
Registered Address
heaven farm, furners green, uckfield, east sussex, TN22 3RG
Website
latchettsfarm.co.uklatchetts farm limited Estimated Valuation
Pomanda estimates the enterprise value of LATCHETTS FARM LIMITED at £736.5k based on a Turnover of £1.2m and 0.63x industry multiple (adjusted for size and gross margin).
latchetts farm limited Estimated Valuation
Pomanda estimates the enterprise value of LATCHETTS FARM LIMITED at £167.7k based on an EBITDA of £42.9k and a 3.91x industry multiple (adjusted for size and gross margin).
latchetts farm limited Estimated Valuation
Pomanda estimates the enterprise value of LATCHETTS FARM LIMITED at £316.1k based on Net Assets of £111.8k and 2.83x industry multiple (adjusted for liquidity).
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Latchetts Farm Limited Overview
Latchetts Farm Limited is a live company located in uckfield, TN22 3RG with a Companies House number of 09204077. It operates in the manufacture of ice cream sector, SIC Code 10520. Founded in September 2014, it's largest shareholder is grant butler with a 100% stake. Latchetts Farm Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Latchetts Farm Limited Health Check
Pomanda's financial health check has awarded Latchetts Farm Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£21.8m)
- Latchetts Farm Limited
£21.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (7.5%)
- Latchetts Farm Limited
7.5% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
- Latchetts Farm Limited
35.1% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (3.7%)
- Latchetts Farm Limited
3.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (76)
15 - Latchetts Farm Limited
76 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has an equivalent pay structure (£38.4k)
- Latchetts Farm Limited
£38.4k - Industry AVG
Efficiency
resulting in sales per employee of £78.3k, this is less efficient (£236.3k)
- Latchetts Farm Limited
£236.3k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (35 days)
- Latchetts Farm Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (40 days)
- Latchetts Farm Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (72 days)
- Latchetts Farm Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (12 weeks)
49 weeks - Latchetts Farm Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.7%, this is a higher level of debt than the average (57.4%)
63.7% - Latchetts Farm Limited
57.4% - Industry AVG
LATCHETTS FARM LIMITED financials
Latchetts Farm Limited's latest turnover from September 2023 is estimated at £1.2 million and the company has net assets of £111.8 thousand. According to their latest financial statements, Latchetts Farm Limited has 15 employees and maintains cash reserves of £92.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 15 | 10 | 10 | 7 | 2 | 1 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 150,227 | 143,590 | 115,057 | 99,884 | 75,833 | 3,354 | 31,805 | 31,541 | 40,366 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 150,227 | 143,590 | 115,057 | 99,884 | 75,833 | 3,354 | 31,805 | 31,541 | 40,366 |
| Stock & work in progress | 11,550 | 5,000 | 5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 20,890 | 65,754 | 11,278 | 1,450 | 3,209 | 10,595 | 18,018 | 13,777 | 31,536 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 33,004 | 52,202 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 92,187 | 62,250 | 123,268 | 86,043 | 7,137 | 1,157 | 86 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 157,631 | 185,206 | 139,546 | 92,493 | 10,346 | 11,752 | 18,104 | 13,777 | 31,536 |
| total assets | 307,858 | 328,796 | 254,603 | 192,377 | 86,179 | 15,106 | 49,909 | 45,318 | 71,902 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,043 | 15,593 | 51,836 | 71,497 | 56,752 | 19,427 | 23,859 | 30,513 | 40,114 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 87,483 | 87,760 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 96,526 | 103,353 | 51,836 | 71,497 | 56,752 | 19,427 | 23,859 | 30,513 | 40,114 |
| loans | 67,813 | 112,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 101,283 | 95,828 | 49,326 | 0 | 15,466 | 17,500 | 29,900 |
| provisions | 31,673 | 0 | 20,861 | 6,615 | 0 | 456 | 3,247 | 762 | 1,677 |
| total long term liabilities | 99,486 | 112,575 | 122,144 | 102,443 | 49,326 | 456 | 18,713 | 18,262 | 31,577 |
| total liabilities | 196,012 | 215,928 | 173,980 | 173,940 | 106,078 | 19,883 | 42,572 | 48,775 | 71,691 |
| net assets | 111,846 | 112,868 | 80,623 | 18,437 | -19,899 | -4,777 | 7,337 | -3,457 | 211 |
| total shareholders funds | 111,846 | 112,868 | 80,623 | 18,437 | -19,899 | -4,777 | 7,337 | -3,457 | 211 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 37,794 | 143,590 | 28,637 | 24,801 | 17,419 | 838 | 6,731 | 6,861 | 7,634 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 6,550 | 0 | 0 | 5,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -64,062 | 106,678 | 9,828 | -1,759 | -7,386 | -7,423 | 4,241 | -17,759 | 31,536 |
| Creditors | -6,550 | -36,243 | -19,661 | 14,745 | 37,325 | -4,432 | -6,654 | -9,601 | 40,114 |
| Accruals and Deferred Income | -277 | 87,760 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 31,673 | -20,861 | 14,246 | 6,615 | -456 | -2,791 | 2,485 | -915 | 1,677 |
| Cash flow from operations | |||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -44,762 | 112,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -101,283 | 5,455 | 46,502 | 49,326 | -15,466 | -2,034 | -12,400 | 29,900 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 29,937 | -61,018 | 37,225 | 78,906 | 5,980 | 1,071 | 86 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 29,937 | -61,018 | 37,225 | 78,906 | 5,980 | 1,071 | 86 | 0 | 0 |
latchetts farm limited Credit Report and Business Information
Latchetts Farm Limited Competitor Analysis
Perform a competitor analysis for latchetts farm limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TN22 area or any other competitors across 12 key performance metrics.
latchetts farm limited Ownership
LATCHETTS FARM LIMITED group structure
Latchetts Farm Limited has no subsidiary companies.
Ultimate parent company
LATCHETTS FARM LIMITED
09204077
latchetts farm limited directors
Latchetts Farm Limited currently has 1 director, Mr Grant Butler serving since Sep 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Grant Butler | 38 years | Sep 2014 | - | Director |
P&L
September 2023turnover
1.2m
+25%
operating profit
5.1k
0%
gross margin
35.1%
+35.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
111.8k
-0.01%
total assets
307.9k
-0.06%
cash
92.2k
+0.48%
net assets
Total assets minus all liabilities
latchetts farm limited company details
company number
09204077
Type
Private limited with Share Capital
industry
10520 - Manufacture of ice cream
incorporation date
September 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
the bluebell creamery limited (March 2019)
granola (uk) ltd (February 2019)
accountant
WRIGHT VIGAR LTD
auditor
-
address
heaven farm, furners green, uckfield, east sussex, TN22 3RG
Bank
-
Legal Advisor
-
latchetts farm 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 latchetts farm limited.
latchetts farm 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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latchetts farm limited Companies House Filings - See Documents
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