essex growers limited
essex growers limited Company Information
Company Number
09278143
Next Accounts
Aug 2025
Shareholders
tomworld limited
Group Structure
View All
Industry
Growing of vegetables and melons, roots and tubers
Registered Address
c/o forvis mazars llp, the pinnacle, milton keynes, buckinghamshire, MK9 1FF
Website
www.northmaldongrowers.co.ukessex growers limited Estimated Valuation
Pomanda estimates the enterprise value of ESSEX GROWERS LIMITED at £4.2m based on a Turnover of £9.3m and 0.45x industry multiple (adjusted for size and gross margin).
essex growers limited Estimated Valuation
Pomanda estimates the enterprise value of ESSEX GROWERS LIMITED at £2.1m based on an EBITDA of £503.2k and a 4.13x industry multiple (adjusted for size and gross margin).
essex growers limited Estimated Valuation
Pomanda estimates the enterprise value of ESSEX GROWERS LIMITED at £2.8m based on Net Assets of £2.1m and 1.31x industry multiple (adjusted for liquidity).
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Essex Growers Limited Overview
Essex Growers Limited is a live company located in milton keynes, MK9 1FF with a Companies House number of 09278143. It operates in the growing of vegetables and melons, roots and tubers sector, SIC Code 01130. Founded in October 2014, it's largest shareholder is tomworld limited with a 100% stake. Essex Growers Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.3m with healthy growth in recent years.
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Essex Growers Limited Health Check
Pomanda's financial health check has awarded Essex Growers Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
2 Weak
Size
annual sales of £9.3m, make it in line with the average company (£8m)
£9.3m - Essex Growers Limited
£8m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.3%)
5% - Essex Growers Limited
5.3% - Industry AVG
Production
with a gross margin of 28.1%, this company has a lower cost of product (18%)
28.1% - Essex Growers Limited
18% - Industry AVG
Profitability
an operating margin of 4.5% make it more profitable than the average company (1.8%)
4.5% - Essex Growers Limited
1.8% - Industry AVG
Employees
with 85 employees, this is above the industry average (54)
85 - Essex Growers Limited
54 - Industry AVG
Pay Structure
on an average salary of £30.3k, the company has an equivalent pay structure (£31.8k)
£30.3k - Essex Growers Limited
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £109.6k, this is less efficient (£129.1k)
£109.6k - Essex Growers Limited
£129.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (25 days)
0 days - Essex Growers Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (32 days)
29 days - Essex Growers Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (24 days)
9 days - Essex Growers Limited
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Essex Growers Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a similar level of debt than the average (56.7%)
58.9% - Essex Growers Limited
56.7% - Industry AVG
ESSEX GROWERS LIMITED financials
Essex Growers Limited's latest turnover from November 2023 is £9.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Essex Growers Limited has 85 employees and maintains cash reserves of £12.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Mar 2018 | Mar 2017 | Nov 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,312,110 | 7,914,181 | 7,570,799 | 8,158,074 | 7,839,238 | 4,832,799 | 5,434,027 | 3,712,322 | 4,327,016 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 6,693,991 | 6,876,710 | 5,923,868 | 5,916,687 | 5,566,853 | 3,405,821 | 3,038,361 | 2,162,740 | 2,236,149 |
| Gross Profit | 2,618,119 | 1,037,471 | 1,646,931 | 2,241,387 | 2,272,385 | 1,426,978 | 2,395,666 | 1,549,582 | 2,090,867 |
| Admin Expenses | 2,200,755 | 2,047,470 | 1,988,622 | 1,916,345 | 1,877,103 | 1,061,178 | 1,397,255 | 1,876,027 | 1,191,869 |
| Operating Profit | 417,364 | -1,009,999 | -341,691 | 325,042 | 395,282 | 365,800 | 998,411 | -326,445 | 898,998 |
| Interest Payable | 65,432 | 23,815 | 18,492 | 36,550 | 18,473 | 5,336 | |||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 351,932 | -1,033,814 | -360,183 | 288,492 | 395,282 | 365,800 | 998,411 | -344,918 | 893,662 |
| Tax | -18,682 | 523,491 | 375,002 | 31,046 | 37,960 | -73,957 | -185,877 | 63,292 | -181,462 |
| Profit After Tax | 333,250 | -510,323 | 14,819 | 319,538 | 433,242 | 291,843 | 812,534 | -281,626 | 712,200 |
| Dividends Paid | |||||||||
| Retained Profit | 333,250 | -510,323 | 14,819 | 319,538 | 433,242 | 291,843 | 812,534 | -281,626 | 712,200 |
| Employee Costs | 2,577,917 | 2,460,174 | 2,648,516 | 3,034,381 | 2,761,116 | 1,051,777 | 1,335,599 | 1,814,091 | 1,302,922 |
| Number Of Employees | 85 | 84 | 107 | 131 | 123 | 77 | 64 | 61 | 63 |
| EBITDA* | 503,168 | -926,185 | -267,193 | 404,606 | 453,886 | 388,939 | 1,030,871 | -292,074 | 909,374 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Mar 2018 | Mar 2017 | Nov 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 455,579 | 504,581 | 529,729 | 554,631 | 589,079 | 312,067 | 231,305 | 241,213 | 162,306 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 455,579 | 504,581 | 529,729 | 554,631 | 589,079 | 312,067 | 231,305 | 241,213 | 162,306 |
| Stock & work in progress | 168,256 | 47,575 | 1,232,845 | 1,179,449 | |||||
| Trade Debtors | 15,718 | 13,899 | 59 | 3,600 | 3,600 | 7,685 | |||
| Group Debtors | 4,315,391 | 1,947,011 | 1,758,895 | 2,806,933 | 4,026,807 | 2,726,733 | 2,910,278 | 756,624 | 779,268 |
| Misc Debtors | 204,881 | 832,645 | 618,638 | 422,540 | 488,607 | 194,964 | 298,032 | 177,772 | 319,104 |
| Cash | 12,787 | 770 | 17,066 | 18,189 | 1,046 | 797,348 | 1,065 | 3,833 | 424,086 |
| misc current assets | |||||||||
| total current assets | 4,717,033 | 2,841,900 | 2,394,658 | 3,251,262 | 4,520,060 | 3,719,045 | 4,442,220 | 2,125,363 | 1,522,458 |
| total assets | 5,172,612 | 3,346,481 | 2,924,387 | 3,805,893 | 5,109,139 | 4,031,112 | 4,673,525 | 2,366,576 | 1,684,764 |
| Bank overdraft | 753,174 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 538,461 | 145,184 | 71,221 | 296,959 | 441,532 | 200,416 | 1,231,083 | 324,904 | 232,495 |
| Group/Directors Accounts | 192,000 | 1,142,097 | 1,787,793 | 1,171,865 | 626,455 | 288,000 | |||
| other short term finances | 999,319 | 1,234,093 | 141,908 | 800,716 | 1,158,789 | 796,135 | |||
| hp & lease commitments | |||||||||
| other current liabilities | 1,276,503 | 152,807 | 408,508 | 397,319 | 344,314 | 497,697 | 262,573 | 188,308 | 440,624 |
| total current liabilities | 3,006,283 | 1,532,084 | 621,637 | 1,494,994 | 3,086,732 | 2,485,906 | 3,418,695 | 1,935,802 | 961,119 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | 40,652 | 21,970 | 22,968 | 54,014 | 10,055 | 11,522 | 11,345 | ||
| total long term liabilities | 40,652 | 21,970 | 22,968 | 54,014 | 10,055 | 11,522 | 11,345 | ||
| total liabilities | 3,046,935 | 1,554,054 | 621,637 | 1,517,962 | 3,140,746 | 2,495,961 | 3,430,217 | 1,935,802 | 972,464 |
| net assets | 2,125,677 | 1,792,427 | 2,302,750 | 2,287,931 | 1,968,393 | 1,535,151 | 1,243,308 | 430,774 | 712,300 |
| total shareholders funds | 2,125,677 | 1,792,427 | 2,302,750 | 2,287,931 | 1,968,393 | 1,535,151 | 1,243,308 | 430,774 | 712,300 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Mar 2018 | Mar 2017 | Nov 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 417,364 | -1,009,999 | -341,691 | 325,042 | 395,282 | 365,800 | 998,411 | -326,445 | 898,998 |
| Depreciation | 85,804 | 83,814 | 74,498 | 79,564 | 58,604 | 23,139 | 32,460 | 34,371 | 10,376 |
| Amortisation | |||||||||
| Tax | -18,682 | 523,491 | 375,002 | 31,046 | 37,960 | -73,957 | -185,877 | 63,292 | -181,462 |
| Stock | 120,681 | 47,575 | -1,179,449 | 53,396 | 1,179,449 | ||||
| Debtors | 1,742,435 | 415,963 | -855,481 | -1,285,941 | 1,597,317 | 1,979,616 | 2,266,229 | 942,081 | 1,098,372 |
| Creditors | 393,277 | 73,963 | -225,738 | -144,573 | 241,116 | -124,488 | 906,179 | 324,904 | 232,495 |
| Accruals and Deferred Income | 1,123,696 | -255,701 | 11,189 | 53,005 | -153,383 | 309,389 | 74,265 | 188,308 | 440,624 |
| Deferred Taxes & Provisions | 18,682 | 21,970 | -22,968 | -31,046 | 43,959 | 10,055 | 11,522 | 11,345 | |
| Cash flow from operations | 157,025 | -1,026,000 | 725,773 | 1,598,979 | -973,779 | -290,229 | -482,665 | -1,837,100 | 314,004 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | 192,000 | -1,142,097 | -645,696 | 1,161,338 | 545,410 | 626,455 | 288,000 | ||
| Other Short Term Loans | -234,774 | 1,092,185 | -658,808 | -358,073 | 1,158,789 | -796,135 | -796,135 | 796,135 | |
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -65,432 | -23,815 | -18,492 | -36,550 | -18,473 | -5,336 | |||
| cash flow from financing | -108,206 | 1,068,370 | -677,300 | -1,536,720 | 513,093 | 1,177,737 | -250,725 | 2,116,517 | 282,764 |
| cash and cash equivalents | |||||||||
| cash | 12,017 | -16,296 | -1,123 | 17,143 | -796,302 | 793,515 | -2,768 | 3,833 | 424,086 |
| overdraft | 753,174 | ||||||||
| change in cash | 12,017 | -16,296 | -1,123 | 17,143 | -796,302 | 793,515 | -755,942 | 3,833 | 424,086 |
essex growers limited Credit Report and Business Information
Essex Growers Limited Competitor Analysis
Perform a competitor analysis for essex growers limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in MK9 area or any other competitors across 12 key performance metrics.
essex growers limited Ownership
ESSEX GROWERS LIMITED group structure
Essex Growers Limited has no subsidiary companies.
essex growers limited directors
Essex Growers Limited currently has 2 directors. The longest serving directors include Mr Giuseppe Colletti (Oct 2014) and Mr Salvatore Cannatella (Oct 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Giuseppe Colletti | United Kingdom | 50 years | Oct 2014 | - | Director |
| Mr Salvatore Cannatella | United Kingdom | 51 years | Oct 2014 | - | Director |
P&L
November 2023turnover
9.3m
+18%
operating profit
417.4k
-141%
gross margin
28.2%
+114.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
2.1m
+0.19%
total assets
5.2m
+0.55%
cash
12.8k
+15.61%
net assets
Total assets minus all liabilities
essex growers limited company details
company number
09278143
Type
Private limited with Share Capital
industry
01130 - Growing of vegetables and melons, roots and tubers
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
c/o forvis mazars llp, the pinnacle, milton keynes, buckinghamshire, MK9 1FF
Bank
-
Legal Advisor
-
essex growers 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 essex growers limited.
essex growers limited Capital Raised & Share Issues BETA
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essex growers limited Companies House Filings - See Documents
| date | description | view/download |
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