fresh to store limited
fresh to store limited Company Information
Company Number
09380752
Website
www.shop.freshtostore.co.ukRegistered Address
the chancery 58 spring gardens, manchester, M2 1EW
Industry
Wholesale of other food, including fish, crustaceans and molluscs
Wholesale of meat and meat products
Telephone
01618279000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
f2s holdings limited 100%
fresh to store limited Estimated Valuation
Pomanda estimates the enterprise value of FRESH TO STORE LIMITED at £63.7m based on a Turnover of £105.6m and 0.6x industry multiple (adjusted for size and gross margin).
fresh to store limited Estimated Valuation
Pomanda estimates the enterprise value of FRESH TO STORE LIMITED at £0 based on an EBITDA of £-5.5m and a 6.56x industry multiple (adjusted for size and gross margin).
fresh to store limited Estimated Valuation
Pomanda estimates the enterprise value of FRESH TO STORE LIMITED at £3.9m based on Net Assets of £3.7m and 1.03x industry multiple (adjusted for liquidity).
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Fresh To Store Limited Overview
Fresh To Store Limited is a dissolved company that was located in manchester, M2 1EW with a Companies House number of 09380752. It operated in the wholesale of meat and meat products sector, SIC Code 46320. Founded in January 2015, it's largest shareholder was f2s holdings limited with a 100% stake. The last turnover for Fresh To Store Limited was estimated at £105.6m.
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Fresh To Store Limited Health Check
Pomanda's financial health check has awarded Fresh To Store Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £105.6m, make it larger than the average company (£10.7m)
£105.6m - Fresh To Store Limited
£10.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Fresh To Store Limited
- - Industry AVG
Production
with a gross margin of 8.7%, this company has a higher cost of product (11.4%)
8.7% - Fresh To Store Limited
11.4% - Industry AVG
Profitability
an operating margin of -7.2% make it less profitable than the average company (2.5%)
-7.2% - Fresh To Store Limited
2.5% - Industry AVG
Employees
with 572 employees, this is above the industry average (32)
572 - Fresh To Store Limited
32 - Industry AVG
Pay Structure
on an average salary of £29k, the company has an equivalent pay structure (£31.9k)
£29k - Fresh To Store Limited
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £184.6k, this is less efficient (£478.3k)
£184.6k - Fresh To Store Limited
£478.3k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (42 days)
36 days - Fresh To Store Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (32 days)
58 days - Fresh To Store Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (27 days)
4 days - Fresh To Store Limited
27 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is more cash available to meet short term requirements (8 weeks)
11 weeks - Fresh To Store Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.7%, this is a higher level of debt than the average (63.6%)
85.7% - Fresh To Store Limited
63.6% - Industry AVG
FRESH TO STORE LIMITED financials
Fresh To Store Limited's latest turnover from December 2016 is £105.6 million and the company has net assets of £3.7 million. According to their latest financial statements, Fresh To Store Limited has 572 employees and maintains cash reserves of £4.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | |
|---|---|---|
| Turnover | 105,594,181 | 84,163,626 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 96,440,682 | 76,353,577 |
| Gross Profit | 9,153,499 | 7,810,049 |
| Admin Expenses | 16,741,202 | 12,067,918 |
| Operating Profit | -7,587,703 | -4,257,869 |
| Interest Payable | 148,323 | 220,116 |
| Interest Receivable | 20,753 | 0 |
| Pre-Tax Profit | -7,715,273 | -4,477,985 |
| Tax | -15,974 | 0 |
| Profit After Tax | -7,731,247 | -4,477,985 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -7,731,247 | -4,477,985 |
| Employee Costs | 16,596,019 | 12,987,026 |
| Number Of Employees | 572 | 486 |
| EBITDA* | -5,549,806 | -2,624,851 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | |
|---|---|---|
| Tangible Assets | 3,179,357 | 3,858,864 |
| Intangible Assets | 1,528,551 | 773,819 |
| Investments & Other | 1 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 4,707,909 | 4,632,683 |
| Stock & work in progress | 1,101,439 | 746,810 |
| Trade Debtors | 10,461,007 | 10,682,169 |
| Group Debtors | 1,234,793 | 1,377,995 |
| Misc Debtors | 4,576,868 | 5,439,173 |
| Cash | 4,138,516 | 10,056,508 |
| misc current assets | 0 | 0 |
| total current assets | 21,512,623 | 28,302,655 |
| total assets | 26,220,532 | 32,935,338 |
| Bank overdraft | 0 | 0 |
| Bank loan | 521,854 | 0 |
| Trade Creditors | 15,583,915 | 13,341,290 |
| Group/Directors Accounts | 77,996 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 1,085,787 | 1,113,212 |
| other current liabilities | 1,859,276 | 2,208,203 |
| total current liabilities | 19,128,828 | 16,662,705 |
| loans | 0 | 0 |
| hp & lease commitments | 1,173,063 | 2,221,967 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 2,178,814 | 2,579,592 |
| total long term liabilities | 3,351,877 | 4,801,559 |
| total liabilities | 22,480,705 | 21,464,264 |
| net assets | 3,739,827 | 11,471,074 |
| total shareholders funds | 3,739,827 | 11,471,074 |
| Dec 2016 | Dec 2015 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -7,587,703 | -4,257,869 |
| Depreciation | 1,401,818 | 1,417,240 |
| Amortisation | 636,079 | 215,778 |
| Tax | -15,974 | 0 |
| Stock | 354,629 | 746,810 |
| Debtors | -1,226,669 | 17,499,337 |
| Creditors | 2,242,625 | 13,341,290 |
| Accruals and Deferred Income | -348,927 | 2,208,203 |
| Deferred Taxes & Provisions | -400,778 | 2,579,592 |
| Cash flow from operations | -3,200,820 | -2,741,913 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 1 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 521,854 | 0 |
| Group/Directors Accounts | 77,996 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | -1,076,329 | 3,335,179 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -127,570 | -220,116 |
| cash flow from financing | -604,049 | 19,064,122 |
| cash and cash equivalents | ||
| cash | -5,917,992 | 10,056,508 |
| overdraft | 0 | 0 |
| change in cash | -5,917,992 | 10,056,508 |
fresh to store limited Credit Report and Business Information
Fresh To Store Limited Competitor Analysis
Perform a competitor analysis for fresh to store limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in M 2 area or any other competitors across 12 key performance metrics.
fresh to store limited Ownership
FRESH TO STORE LIMITED group structure
Fresh To Store Limited has no subsidiary companies.
fresh to store limited directors
Fresh To Store Limited currently has 2 directors. The longest serving directors include Mrs Susan Cronin-Jones (Jan 2015) and Mr David Hayward (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Susan Cronin-Jones | England | 64 years | Jan 2015 | - | Director |
| Mr David Hayward | England | 54 years | Jan 2015 | - | Director |
P&L
December 2016turnover
105.6m
+25%
operating profit
-7.6m
+78%
gross margin
8.7%
-6.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
3.7m
-0.67%
total assets
26.2m
-0.2%
cash
4.1m
-0.59%
net assets
Total assets minus all liabilities
Similar Companies
fresh to store limited company details
company number
09380752
Type
Private limited with Share Capital
industry
46380 - Wholesale of other food, including fish, crustaceans and molluscs
46320 - Wholesale of meat and meat products
incorporation date
January 2015
age
9
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2016
address
the chancery 58 spring gardens, manchester, M2 1EW
accountant
-
auditor
-
fresh to store 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 fresh to store limited.
fresh to store limited Companies House Filings - See Documents
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