abbey foods limited
abbey foods limited Company Information
Company Number
09446930
Website
islandabbeyfoods.comRegistered Address
church farm church lane, cannock, WS11 1RR
Industry
Raising of poultry
Telephone
01543572288
Next Accounts Due
April 2024
Group Structure
View All
Shareholders
richard gerard heaton corbett 100%
abbey foods limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY FOODS LIMITED at £657.3k based on a Turnover of £2.5m and 0.26x industry multiple (adjusted for size and gross margin).
abbey foods limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY FOODS LIMITED at £2.3m based on an EBITDA of £654.3k and a 3.5x industry multiple (adjusted for size and gross margin).
abbey foods limited Estimated Valuation
Pomanda estimates the enterprise value of ABBEY FOODS LIMITED at £0 based on Net Assets of £-401.2k and 1.55x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Abbey Foods Limited Overview
Abbey Foods Limited is a live company located in cannock, WS11 1RR with a Companies House number of 09446930. It operates in the raising of poultry sector, SIC Code 01470. Founded in February 2015, it's largest shareholder is richard gerard heaton corbett with a 100% stake. Abbey Foods Limited is a young, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
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Abbey Foods Limited Health Check
Pomanda's financial health check has awarded Abbey Foods Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£17.2m)
- Abbey Foods Limited
£17.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (3.1%)
- Abbey Foods Limited
3.1% - Industry AVG
Production
with a gross margin of 17.7%, this company has a comparable cost of product (17.7%)
- Abbey Foods Limited
17.7% - Industry AVG
Profitability
an operating margin of 5.8% make it more profitable than the average company (2.2%)
- Abbey Foods Limited
2.2% - Industry AVG
Employees
with 22 employees, this is below the industry average (61)
22 - Abbey Foods Limited
61 - Industry AVG
Pay Structure
on an average salary of £30.1k, the company has an equivalent pay structure (£30.1k)
- Abbey Foods Limited
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £114.4k, this is less efficient (£267.5k)
- Abbey Foods Limited
£267.5k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is later than average (30 days)
- Abbey Foods Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (29 days)
- Abbey Foods Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (41 days)
- Abbey Foods Limited
41 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Abbey Foods Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.2%, this is a higher level of debt than the average (52.7%)
109.2% - Abbey Foods Limited
52.7% - Industry AVG
abbey foods limited Credit Report and Business Information
Abbey Foods Limited Competitor Analysis
Perform a competitor analysis for abbey foods limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
abbey foods limited Ownership
ABBEY FOODS LIMITED group structure
Abbey Foods Limited has no subsidiary companies.
Ultimate parent company
ABBEY FOODS LIMITED
09446930
abbey foods limited directors
Abbey Foods Limited currently has 2 directors. The longest serving directors include Mr Richard Corbett (Feb 2015) and Mrs Pamela Corbett (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Corbett | 70 years | Feb 2015 | - | Director | |
| Mrs Pamela Corbett | 74 years | Feb 2015 | - | Director |
ABBEY FOODS LIMITED financials
Abbey Foods Limited's latest turnover from July 2022 is estimated at £2.5 million and the company has net assets of -£401.2 thousand. According to their latest financial statements, Abbey Foods Limited has 22 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|
| 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 | 22 | 25 | 25 | 26 | 11 | 7 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,340,551 | 3,859,601 | 4,440,637 | 4,910,873 | 5,174,110 | 5,535,611 | 5,802,448 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,340,551 | 3,859,601 | 4,440,637 | 4,910,873 | 5,174,110 | 5,535,611 | 5,802,448 |
| Stock & work in progress | 86,988 | 190,566 | 393,590 | 217,462 | 64,411 | 33,944 | 418,489 |
| Trade Debtors | 257,403 | 254,730 | 711,499 | 751,415 | 19,293 | 12,084 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 679,751 | 405,071 | 216,202 | 200,957 | 275,191 | 866,080 | 201,034 |
| Cash | 0 | 0 | 0 | 443 | 2,078 | 14,088 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,024,142 | 850,367 | 1,321,291 | 1,170,277 | 360,973 | 926,196 | 619,523 |
| total assets | 4,364,693 | 4,709,968 | 5,761,928 | 6,081,150 | 5,535,083 | 6,461,807 | 6,421,971 |
| Bank overdraft | 528,012 | 519,195 | 522,331 | 494,212 | 494,212 | 494,212 | 1,046,576 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 79,033 | 107,022 | 520,347 | 734,877 | 153,553 | 40,372 | 139,088 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,479,492 | 2,129,806 | 2,101,203 | 1,561,463 | 1,050,030 | 1,342,073 | 1,069,274 |
| total current liabilities | 3,086,537 | 2,756,023 | 3,143,881 | 2,790,552 | 1,697,795 | 1,876,657 | 2,254,938 |
| loans | 1,231,970 | 1,726,176 | 2,126,834 | 2,621,046 | 3,115,258 | 3,609,470 | 2,993,682 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 447,354 | 619,061 | 831,024 | 952,261 | 1,034,284 | 1,161,661 | 1,286,505 |
| provisions | 0 | 9,358 | 44,369 | 44,055 | 44,524 | 31,556 | 0 |
| total long term liabilities | 1,679,324 | 2,354,595 | 3,002,227 | 3,617,362 | 4,194,066 | 4,802,687 | 4,280,187 |
| total liabilities | 4,765,861 | 5,110,618 | 6,146,108 | 6,407,914 | 5,891,861 | 6,679,344 | 6,535,125 |
| net assets | -401,168 | -400,650 | -384,180 | -326,764 | -356,778 | -217,537 | -113,154 |
| total shareholders funds | -401,168 | -400,650 | -384,180 | -326,764 | -356,778 | -217,537 | -113,154 |
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 509,628 | 570,698 | 610,082 | 653,623 | 604,650 | 622,783 | 470,897 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | -103,578 | -203,024 | 176,128 | 153,051 | 30,467 | -384,545 | 418,489 |
| Debtors | 277,353 | -267,900 | -24,671 | 657,888 | -583,680 | 677,130 | 201,034 |
| Creditors | -27,989 | -413,325 | -214,530 | 581,324 | 113,181 | -98,716 | 139,088 |
| Accruals and Deferred Income | 349,686 | 28,603 | 539,740 | 511,433 | -292,043 | 272,799 | 1,069,274 |
| Deferred Taxes & Provisions | -9,358 | -35,011 | 314 | -469 | 12,968 | 31,556 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -494,206 | -400,658 | -494,212 | -494,212 | -494,212 | 615,788 | 2,993,682 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -171,707 | -211,963 | -121,237 | -82,023 | -127,377 | -124,844 | 1,286,505 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | -443 | -1,635 | -12,010 | 14,088 | 0 |
| overdraft | 8,817 | -3,136 | 28,119 | 0 | 0 | -552,364 | 1,046,576 |
| change in cash | -8,817 | 3,136 | -28,562 | -1,635 | -12,010 | 566,452 | -1,046,576 |
P&L
July 2022turnover
2.5m
-15%
operating profit
144.7k
0%
gross margin
17.8%
-7.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
-401.2k
0%
total assets
4.4m
-0.07%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
abbey foods limited company details
company number
09446930
Type
Private limited with Share Capital
industry
01470 - Raising of poultry
incorporation date
February 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
church farm church lane, cannock, WS11 1RR
last accounts submitted
July 2022
abbey foods 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 abbey foods limited.
abbey foods limited Companies House Filings - See Documents
| date | description | view/download |
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