bernard matthews foods (sunderland) limited
bernard matthews foods (sunderland) limited Company Information
Company Number
09690151
Website
https://www.thyme.co.ukRegistered Address
2nd floor colmore court, 9 colmore row, birmingham, B3 2BJ
Industry
Production of meat and poultry meat products
Processing and preserving of poultry meat
Telephone
01789507633
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
boparan manufacturing group limited 100%
bernard matthews foods (sunderland) limited Estimated Valuation
Pomanda estimates the enterprise value of BERNARD MATTHEWS FOODS (SUNDERLAND) LIMITED at £103.8m based on a Turnover of £118.5m and 0.88x industry multiple (adjusted for size and gross margin).
bernard matthews foods (sunderland) limited Estimated Valuation
Pomanda estimates the enterprise value of BERNARD MATTHEWS FOODS (SUNDERLAND) LIMITED at £96.5m based on an EBITDA of £11m and a 8.8x industry multiple (adjusted for size and gross margin).
bernard matthews foods (sunderland) limited Estimated Valuation
Pomanda estimates the enterprise value of BERNARD MATTHEWS FOODS (SUNDERLAND) LIMITED at £17.7m based on Net Assets of £8.7m and 2.04x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Bernard Matthews Foods (sunderland) Limited Overview
Bernard Matthews Foods (sunderland) Limited is a live company located in birmingham, B3 2BJ with a Companies House number of 09690151. It operates in the processing and preserving of poultry meat sector, SIC Code 10120. Founded in July 2015, it's largest shareholder is boparan manufacturing group limited with a 100% stake. Bernard Matthews Foods (sunderland) Limited is a young, mega sized company, Pomanda has estimated its turnover at £118.5m with rapid growth in recent years.
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Bernard Matthews Foods (sunderland) Limited Health Check
Pomanda's financial health check has awarded Bernard Matthews Foods (Sunderland) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £118.5m, make it larger than the average company (£46.8m)
£118.5m - Bernard Matthews Foods (sunderland) Limited
£46.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 1938%, show it is growing at a faster rate (5.2%)
1938% - Bernard Matthews Foods (sunderland) Limited
5.2% - Industry AVG
Production
with a gross margin of 19.9%, this company has a lower cost of product (14%)
19.9% - Bernard Matthews Foods (sunderland) Limited
14% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (2.3%)
9% - Bernard Matthews Foods (sunderland) Limited
2.3% - Industry AVG
Employees
with 322 employees, this is above the industry average (154)
322 - Bernard Matthews Foods (sunderland) Limited
154 - Industry AVG
Pay Structure
on an average salary of £35.2k, the company has an equivalent pay structure (£30.4k)
£35.2k - Bernard Matthews Foods (sunderland) Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £368.1k, this is more efficient (£219.9k)
£368.1k - Bernard Matthews Foods (sunderland) Limited
£219.9k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (32 days)
47 days - Bernard Matthews Foods (sunderland) Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (32 days)
26 days - Bernard Matthews Foods (sunderland) Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (18 days)
6 days - Bernard Matthews Foods (sunderland) Limited
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (8 weeks)
6 weeks - Bernard Matthews Foods (sunderland) Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.8%, this is a higher level of debt than the average (56.3%)
72.8% - Bernard Matthews Foods (sunderland) Limited
56.3% - Industry AVG
BERNARD MATTHEWS FOODS (SUNDERLAND) LIMITED financials
Bernard Matthews Foods (Sunderland) Limited's latest turnover from January 2023 is £118.5 million and the company has net assets of £8.7 million. According to their latest financial statements, Bernard Matthews Foods (Sunderland) Limited has 322 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Sep 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 118,515,000 | 0 | 14,000 | 0 | ||||
| Other Income Or Grants | 0 | 0 | 0 | |||||
| Cost Of Sales | 94,980,000 | 0 | 10,000 | |||||
| Gross Profit | 23,535,000 | 0 | 4,000 | |||||
| Admin Expenses | 0 | |||||||
| Operating Profit | 0 | -78,000 | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | 10,017,000 | 0 | -30,000 | -78,000 | ||||
| Tax | -1,355,000 | 0 | 0 | 0 | ||||
| Profit After Tax | 8,662,000 | 0 | -30,000 | -78,000 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 8,662,000 | 0 | -30,000 | -78,000 | ||||
| Employee Costs | 11,324,000 | 31,000 | ||||||
| Number Of Employees | 322 | 6 | 2 | |||||
| EBITDA* | 0 | -78,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Sep 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,549,000 | 0 | 0 | 0 | 0 | 45,000 | 47,000 | 2,000 |
| Intangible Assets | -1,747,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | -198,000 | 0 | 0 | 0 | 0 | 45,000 | 47,000 | 2,000 |
| Stock & work in progress | 1,687,000 | 0 | 0 | 0 | 34,000 | 26,000 | 14,000 | 0 |
| Trade Debtors | 15,362,000 | 0 | 0 | 50 | 0 | 0 | 0 | 0 |
| Group Debtors | 11,297,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 884,000 | 0 | 0 | 0 | 13,000 | 16,000 | 11,000 | 7,000 |
| Cash | 2,772,000 | 2,000 | 2,000 | 0 | 12,000 | 22,000 | 6,000 | 8,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,002,000 | 2,000 | 2,000 | 50 | 59,000 | 64,000 | 31,000 | 15,000 |
| total assets | 31,804,000 | 2,000 | 2,000 | 50 | 59,000 | 109,000 | 78,000 | 17,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,887,000 | 0 | 0 | 19 | 27,000 | 47,000 | 26,000 | 16,000 |
| Group/Directors Accounts | 3,593,000 | 0 | 0 | 0 | 1,681,000 | 1,105,000 | 590,000 | 49,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,661,000 | 1,000 | 1,000 | 0 | 28,000 | 70,000 | 77,000 | 29,000 |
| total current liabilities | 23,141,000 | 1,000 | 1,000 | 19 | 1,736,000 | 1,222,000 | 693,000 | 94,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 23,141,000 | 1,000 | 1,000 | 19 | 1,736,000 | 1,222,000 | 693,000 | 94,000 |
| net assets | 8,663,000 | 1,000 | 1,000 | 31 | -1,677,000 | -1,113,000 | -615,000 | -77,000 |
| total shareholders funds | 8,663,000 | 1,000 | 1,000 | 31 | -1,677,000 | -1,113,000 | -615,000 | -77,000 |
| Jan 2023 | Sep 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 0 | -78,000 | ||||||
| Depreciation | 320,000 | 0 | 0 | 0 | 29,000 | 20,000 | 14,000 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,355,000 | 0 | 0 | 0 | ||||
| Stock | 1,687,000 | 0 | 0 | -34,000 | 8,000 | 26,000 | 14,000 | 0 |
| Debtors | 27,543,000 | 0 | -50 | -12,950 | -3,000 | 16,000 | 11,000 | 7,000 |
| Creditors | 6,887,000 | 0 | -19 | -26,981 | -20,000 | 47,000 | 26,000 | 16,000 |
| Accruals and Deferred Income | 12,661,000 | 0 | 1,000 | -28,000 | -42,000 | 70,000 | 77,000 | 29,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 0 | -40,000 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,593,000 | 0 | 0 | -1,681,000 | 576,000 | 1,105,000 | 590,000 | 49,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 0 | 0 | ||||
| cash flow from financing | 3,594,000 | 0 | 30,969 | 50,000 | ||||
| cash and cash equivalents | ||||||||
| cash | 2,772,000 | 0 | 2,000 | -12,000 | -10,000 | 22,000 | 6,000 | 8,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,772,000 | 0 | 2,000 | -12,000 | -10,000 | 22,000 | 6,000 | 8,000 |
bernard matthews foods (sunderland) limited Credit Report and Business Information
Bernard Matthews Foods (sunderland) Limited Competitor Analysis
Perform a competitor analysis for bernard matthews foods (sunderland) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bernard matthews foods (sunderland) limited Ownership
BERNARD MATTHEWS FOODS (SUNDERLAND) LIMITED group structure
Bernard Matthews Foods (Sunderland) Limited has no subsidiary companies.
Ultimate parent company
2 parents
BERNARD MATTHEWS FOODS (SUNDERLAND) LIMITED
09690151
bernard matthews foods (sunderland) limited directors
Bernard Matthews Foods (Sunderland) Limited currently has 4 directors. The longest serving directors include Mr Richie Gill (Oct 2021) and Mr Ranjit Boparan (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richie Gill | England | 45 years | Oct 2021 | - | Director |
| Mr Ranjit Boparan | England | 57 years | Oct 2021 | - | Director |
| Ms Rose-Marie Emmerson | United Kingdom | 48 years | Nov 2022 | - | Director |
| Mr Andrew Gleadow | United Kingdom | 43 years | Sep 2023 | - | Director |
P&L
January 2023turnover
118.5m
0%
operating profit
10.6m
0%
gross margin
19.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
8.7m
0%
total assets
31.8m
0%
cash
2.8m
0%
net assets
Total assets minus all liabilities
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bernard matthews foods (sunderland) limited company details
company number
09690151
Type
Private limited with Share Capital
industry
10130 - Production of meat and poultry meat products
10120 - Processing and preserving of poultry meat
incorporation date
July 2015
age
9
accounts
Full Accounts
ultimate parent company
previous names
sunderland added value foods limited (October 2021)
bernard matthews (sunderland) limited (October 2021)
See moreincorporated
UK
address
2nd floor colmore court, 9 colmore row, birmingham, B3 2BJ
last accounts submitted
January 2023
bernard matthews foods (sunderland) 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 bernard matthews foods (sunderland) limited.
bernard matthews foods (sunderland) limited Companies House Filings - See Documents
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