Pomanda estimates the enterprise value of RECIPE PRODUCTS LTD at £32.7m based on a Turnover of £19.6m and 1.67x industry multiple (adjusted for size and gross margin).
recipe products ltdEstimated Valuation
£73.7m
Pomanda estimates the enterprise value of RECIPE PRODUCTS LTD at £73.7m based on an EBITDA of £6.6m and a 11.17x industry multiple (adjusted for size and gross margin).
recipe products ltdEstimated Valuation
£43.7m
Pomanda estimates the enterprise value of RECIPE PRODUCTS LTD at £43.7m based on Net Assets of £20.4m and 2.14x industry multiple (adjusted for liquidity).
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Recipe Products LtdOverview
Recipe Products Ltd is a live company located in london, EC2M 4AG with a Companies House number of 09465430. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 2015, it's largest shareholder is
helen of troy limited
with a 100% stake. Recipe Products Ltd is a established,
mid sized company, Pomanda has estimated its turnover at
£19.6m with
declining
growth in recent years.
Pomanda's financial health check has awarded Recipe Products Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
1 Regular
4 Weak
Size
annual sales of £19.6m, make it larger than the average company (£13.6m)
£19.6m - Recipe Products Ltd
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (8.3%)
-6% - Recipe Products Ltd
8.3% - Industry AVG
Production
with a gross margin of 75.4%, this company has a lower cost of product (30.5%)
75.4% - Recipe Products Ltd
30.5% - Industry AVG
Profitability
an operating margin of 33.6% make it more profitable than the average company (6.4%)
33.6% - Recipe Products Ltd
6.4% - Industry AVG
Employees
with 19 employees, this is below the industry average (69)
19 - Recipe Products Ltd
69 - Industry AVG
Pay Structure
on an average salary of £42.3k, the company has an equivalent pay structure (£42.3k)
£42.3k - Recipe Products Ltd
£42.3k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£175.5k)
£1m - Recipe Products Ltd
£175.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (52 days)
17 days - Recipe Products Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (41 days)
6 days - Recipe Products Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Recipe Products Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is less cash available to meet short term requirements (13 weeks)
7 weeks - Recipe Products Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.4%, this is a lower level of debt than the average (46.9%)
10.4% - Recipe Products Ltd
46.9% - Industry AVG
RECIPE PRODUCTS LTD financials
EXPORT
Recipe Products Ltd's latest turnover from February 2024 is £19.6 million and the company has net assets of £20.4 million. According to their latest financial statements, Recipe Products Ltd has 19 employees and maintains cash reserves of £347.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Sep 2021
Sep 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Turnover
19,620,442
22,306,271
23,324,351
453,278
590,289
126,904
94,873
Other Income Or Grants
Cost Of Sales
4,819,586
3,817,747
9,328,450
321,483
409,774
87,211
64,098
Gross Profit
14,800,856
18,488,524
13,995,901
131,795
180,515
39,693
30,775
Admin Expenses
8,206,150
7,414,190
6,116,377
-2,799,301
129,602
144,048
62,586
175
Operating Profit
6,594,706
11,074,334
7,879,524
2,931,096
50,913
-104,355
-31,811
-175
Interest Payable
132,992
43,550
9,243
Interest Receivable
158,143
168
649
422
157
175
Pre-Tax Profit
6,619,857
8,382,905
7,870,281
2,931,264
51,562
-103,933
-31,654
Tax
-1,633,642
-2,097,440
-1,452,610
-556,940
-9,797
Profit After Tax
4,986,215
6,285,465
6,417,671
2,374,324
41,765
-103,933
-31,654
Dividends Paid
151
Retained Profit
4,986,064
6,285,465
6,417,671
2,374,324
41,765
-103,933
-31,654
Employee Costs
803,956
600,109
411,861
147,867
72,136
34,978
33,801
Number Of Employees
19
15
11
4
2
1
1
EBITDA*
6,601,521
11,082,942
7,890,580
2,936,519
52,679
-102,090
-29,452
-175
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Sep 2021
Sep 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Tangible Assets
6,196
7,048
84,514
7,130
3,029
1,414
2,267
Intangible Assets
29,734
65,641
52,450
706
2,824
4,236
5,648
Investments & Other
151
151
151
Debtors (Due After 1 year)
Total Fixed Assets
35,930
72,840
136,964
7,987
6,004
5,650
7,915
Stock & work in progress
1,221,550
5,226,235
60,900
182,739
26,675
30,431
Trade Debtors
929,167
468,486
4,038,047
82,914
151,669
Group Debtors
21,455,149
15,330,592
3,298,764
Misc Debtors
9,909
118,501
503,021
50,038
70,474
5,878
3,636
Cash
347,109
998,347
4,810,653
276,000
59,755
113,370
55,253
70,060
misc current assets
total current assets
22,741,334
18,137,476
14,577,956
3,768,616
464,637
145,923
89,320
70,060
total assets
22,777,264
18,210,316
14,714,920
3,776,603
470,641
151,573
97,235
70,060
Bank overdraft
Bank loan
Trade Creditors
82,736
376,266
1,338,901
48,038
32,427
2,765
Group/Directors Accounts
352,534
88,726
other short term finances
hp & lease commitments
other current liabilities
1,928,467
2,319,410
2,581,884
737,891
43,048
6,063
56,064
total current liabilities
2,363,737
2,784,402
3,920,785
785,929
75,475
6,063
58,829
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
221,184
provisions
1,549
total long term liabilities
1,549
221,184
total liabilities
2,365,286
2,784,402
3,920,785
1,007,113
75,475
6,063
58,829
net assets
20,411,978
15,425,914
10,794,135
2,769,490
395,166
145,510
38,406
70,060
total shareholders funds
20,411,978
15,425,914
10,794,135
2,769,490
395,166
145,510
38,406
70,060
Feb 2024
Feb 2023
Sep 2021
Sep 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Operating Activities
Operating Profit
6,594,706
11,074,334
7,879,524
2,931,096
50,913
-104,355
-31,811
-175
Depreciation
6,815
8,608
8,851
3,305
354
853
947
Amortisation
2,205
2,118
1,412
1,412
1,412
Tax
-1,633,642
-2,097,440
-1,452,610
-556,940
-9,797
Stock
-1,221,550
1,221,550
5,165,335
-121,839
156,064
-3,756
30,431
Debtors
6,476,646
15,917,579
1,109,352
3,209,573
216,265
2,242
3,636
Creditors
-293,530
376,266
1,290,863
15,611
32,427
-2,765
2,765
Accruals and Deferred Income
-390,943
2,319,410
1,843,993
694,843
36,985
-50,001
56,064
Deferred Taxes & Provisions
1,549
Cash flow from operations
-970,141
-5,457,951
3,298,139
2,299
-260,035
-153,342
-4,690
-175
Investing Activities
capital expenditure
29,944
-81,297
-140,184
-7,406
-1,969
-10,274
Change in Investments
-151
151
-151
151
cash flow from investments
30,095
-81,448
-140,033
-7,406
-2,120
-10,274
Financing Activities
Bank loans
Group/Directors Accounts
263,808
88,726
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-221,184
221,184
share issue
9,140,449
1,606,974
207,891
211,037
70,060
interest
25,151
-43,550
-9,243
168
649
422
157
175
cash flow from financing
288,959
9,185,625
1,376,547
221,352
208,540
211,459
157
70,235
cash and cash equivalents
cash
-651,238
998,347
4,534,653
216,245
-53,615
58,117
-14,807
70,060
overdraft
change in cash
-651,238
998,347
4,534,653
216,245
-53,615
58,117
-14,807
70,060
recipe products ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for recipe products ltd. Get real-time insights into recipe products ltd's credit score, group structure and payment trends.
Perform a competitor analysis for recipe products ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC2M area or any other competitors across 12 key performance metrics.
recipe products ltd Ownership
RECIPE PRODUCTS LTD group structure
Recipe Products Ltd has no subsidiary companies.
Ultimate parent company
HELEN OF TROY LTD
#0025211
1 parent
RECIPE PRODUCTS LTD
09465430
RECIPE PRODUCTS LTD Shareholders
The sole shareholder of Recipe Products Ltd is Helen Of Troy Limited.
helen of troy limited
100%
recipe products ltd directors
Recipe Products Ltd currently has 3 directors.
The longest serving directors include
Mr Nicolas Garcia (Apr 2022) and
Ms Tessa Judge (Apr 2022).
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 recipe products ltd.
recipe products ltd 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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recipe products ltdCompanies House Filings - See Documents
