philip dennis foodservice (holdings) limited
philip dennis foodservice (holdings) limited Company Information
Company Number
09954873
Website
www.philipdennis.co.ukRegistered Address
- mullacott industrial estate, ilfracombe, devon, EX34 8PL
Industry
Activities of distribution holding companies
Telephone
01271311122
Next Accounts Due
October 2025
Group Structure
View All
Directors
Peter Dennis8 Years
Shareholders
peter dennis 36.8%
christopher dennis 36.8%
View Allphilip dennis foodservice (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of PHILIP DENNIS FOODSERVICE (HOLDINGS) LIMITED at £95.8m based on a Turnover of £42.6m and 2.25x industry multiple (adjusted for size and gross margin).
philip dennis foodservice (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of PHILIP DENNIS FOODSERVICE (HOLDINGS) LIMITED at £35.5m based on an EBITDA of £4m and a 8.83x industry multiple (adjusted for size and gross margin).
philip dennis foodservice (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of PHILIP DENNIS FOODSERVICE (HOLDINGS) LIMITED at £19.3m based on Net Assets of £10.1m and 1.9x industry multiple (adjusted for liquidity).
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Philip Dennis Foodservice (holdings) Limited Overview
Philip Dennis Foodservice (holdings) Limited is a live company located in devon, EX34 8PL with a Companies House number of 09954873. It operates in the activities of distribution holding companies sector, SIC Code 64204. Founded in January 2016, it's largest shareholder is peter dennis with a 36.8% stake. Philip Dennis Foodservice (holdings) Limited is a young, large sized company, Pomanda has estimated its turnover at £42.6m with high growth in recent years.
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Philip Dennis Foodservice (holdings) Limited Health Check
Pomanda's financial health check has awarded Philip Dennis Foodservice (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £42.6m, make it larger than the average company (£22.9m)
£42.6m - Philip Dennis Foodservice (holdings) Limited
£22.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9.2%)
26% - Philip Dennis Foodservice (holdings) Limited
9.2% - Industry AVG
Production
with a gross margin of 23.2%, this company has a comparable cost of product (27.1%)
23.2% - Philip Dennis Foodservice (holdings) Limited
27.1% - Industry AVG
Profitability
an operating margin of 6.5% make it more profitable than the average company (4.9%)
6.5% - Philip Dennis Foodservice (holdings) Limited
4.9% - Industry AVG
Employees
with 179 employees, this is above the industry average (99)
179 - Philip Dennis Foodservice (holdings) Limited
99 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£39.2k)
£33.4k - Philip Dennis Foodservice (holdings) Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £237.9k, this is equally as efficient (£277.8k)
£237.9k - Philip Dennis Foodservice (holdings) Limited
£277.8k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (49 days)
18 days - Philip Dennis Foodservice (holdings) Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (39 days)
16 days - Philip Dennis Foodservice (holdings) Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (65 days)
38 days - Philip Dennis Foodservice (holdings) Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Philip Dennis Foodservice (holdings) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.6%, this is a lower level of debt than the average (58.3%)
49.6% - Philip Dennis Foodservice (holdings) Limited
58.3% - Industry AVG
PHILIP DENNIS FOODSERVICE (HOLDINGS) LIMITED financials
Philip Dennis Foodservice (Holdings) Limited's latest turnover from January 2024 is £42.6 million and the company has net assets of £10.1 million. According to their latest financial statements, Philip Dennis Foodservice (Holdings) Limited has 179 employees and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 42,586,337 | 41,921,718 | 31,407,624 | 21,523,304 | 47,328,285 | 45,426,612 | 44,032,371 | 38,473,831 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 32,702,202 | 31,341,371 | 24,265,231 | 17,731,160 | 36,495,908 | 35,137,619 | 34,307,702 | 30,389,578 |
| Gross Profit | 9,884,135 | 10,580,347 | 7,142,393 | 3,792,144 | 10,832,377 | 10,288,993 | 9,724,669 | 8,084,253 |
| Admin Expenses | 7,108,669 | 6,873,008 | 5,357,307 | 5,127,106 | 9,970,100 | 9,464,012 | 9,322,661 | 7,901,916 |
| Operating Profit | 2,775,466 | 3,707,339 | 1,785,086 | -1,334,962 | 862,277 | 824,981 | 402,008 | 182,337 |
| Interest Payable | 262,874 | 166,867 | 147,355 | 109,412 | 109,501 | 97,600 | 73,910 | 108,460 |
| Interest Receivable | 42,497 | 0 | 1,164 | 182 | 4,134 | 4,917 | 340 | 161 |
| Pre-Tax Profit | 1,656,296 | 3,540,472 | 1,638,895 | -1,444,192 | 756,910 | 732,298 | 328,438 | 74,038 |
| Tax | -874,579 | -1,184,757 | -691,586 | 173,103 | 101,309 | -164,490 | -78,830 | -1,528 |
| Profit After Tax | 781,717 | 2,355,715 | 947,309 | -1,271,089 | 858,219 | 567,808 | 249,608 | 72,510 |
| Dividends Paid | 0 | 6,000 | 0 | 6,000 | 80,000 | 102,000 | 121,000 | 96,000 |
| Retained Profit | 781,717 | 2,349,715 | 947,309 | -1,277,089 | 778,219 | 465,808 | 128,608 | -23,490 |
| Employee Costs | 5,983,357 | 5,828,224 | 4,905,338 | 5,991,845 | 8,569,282 | 8,264,458 | 8,102,541 | 7,508,260 |
| Number Of Employees | 179 | 191 | 173 | 228 | 301 | 294 | 299 | 299 |
| EBITDA* | 4,022,173 | 4,957,941 | 3,033,952 | -144,522 | 2,275,891 | 2,102,793 | 1,612,118 | 1,158,408 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,831,232 | 10,027,480 | 8,343,642 | 8,987,117 | 8,734,307 | 8,276,894 | 6,423,025 | 6,024,975 |
| Intangible Assets | 1,737,225 | 1,612,846 | 1,634,825 | 1,496,156 | 1,567,607 | 1,219,938 | 930,428 | 1,045,533 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 100 | 10,500 | 10,500 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,568,457 | 11,640,326 | 9,978,467 | 10,483,273 | 10,301,914 | 9,496,932 | 7,363,953 | 7,081,008 |
| Stock & work in progress | 3,448,823 | 3,597,882 | 2,442,709 | 1,344,684 | 2,673,745 | 2,167,941 | 1,993,508 | 1,678,772 |
| Trade Debtors | 2,205,930 | 2,657,565 | 2,446,009 | 888,058 | 2,865,271 | 3,102,909 | 2,820,020 | 2,657,669 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,904,644 | 1,271,081 | 734,458 | 1,268,690 | 1,391,827 | 1,041,540 | 894,948 | 953,432 |
| Cash | 2,025 | 1,865 | 896,049 | 46,493 | 13,916 | 617,294 | 564,157 | 509,441 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,561,422 | 7,528,393 | 6,519,225 | 3,547,925 | 6,944,759 | 6,929,684 | 6,272,633 | 5,799,314 |
| total assets | 20,129,879 | 19,168,719 | 16,497,692 | 14,031,198 | 17,246,673 | 16,426,616 | 13,636,586 | 12,880,322 |
| Bank overdraft | 1,304,157 | 745,473 | 1,398,888 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 498,888 | 310,000 | 310,000 | 200,000 | 200,000 |
| Trade Creditors | 1,448,845 | 1,191,929 | 1,648,129 | 287,093 | 3,436,038 | 2,577,627 | 3,210,723 | 2,954,652 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 10,400 | 10,400 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 432,307 | 687,086 | 757,341 | 859,680 | 794,691 | 588,062 | 496,402 | 357,845 |
| other current liabilities | 1,688,448 | 2,109,858 | 1,415,473 | 702,368 | 1,363,168 | 2,433,327 | 1,377,416 | 1,198,133 |
| total current liabilities | 4,873,757 | 4,734,346 | 5,219,831 | 2,348,029 | 5,903,897 | 5,909,016 | 5,294,941 | 4,721,030 |
| loans | 2,308,277 | 3,798,277 | 1,779,946 | 3,177,390 | 2,325,500 | 2,635,500 | 1,873,000 | 2,073,000 |
| hp & lease commitments | 445,232 | 875,882 | 974,470 | 1,461,388 | 1,379,691 | 1,148,507 | 1,093,998 | 856,034 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,355,545 | 1,774,354 | 1,287,300 | 755,555 | 893,034 | 830,234 | 544,477 | 528,696 |
| total long term liabilities | 5,109,054 | 6,448,513 | 4,041,716 | 5,394,333 | 4,598,225 | 4,614,241 | 3,511,475 | 3,457,730 |
| total liabilities | 9,982,811 | 11,182,859 | 9,261,547 | 7,742,362 | 10,502,122 | 10,523,257 | 8,806,416 | 8,178,760 |
| net assets | 10,147,068 | 7,985,860 | 7,236,145 | 6,288,836 | 6,744,551 | 5,903,359 | 4,830,170 | 4,701,562 |
| total shareholders funds | 10,147,068 | 7,985,860 | 7,236,145 | 6,288,836 | 6,744,551 | 5,903,359 | 4,830,170 | 4,701,562 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Feb 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,775,466 | 3,707,339 | 1,785,086 | -1,334,962 | 862,277 | 824,981 | 402,008 | 182,337 |
| Depreciation | 1,114,177 | 1,113,716 | 1,133,761 | 1,075,335 | 1,298,509 | 1,162,707 | 1,095,005 | 870,559 |
| Amortisation | 132,530 | 136,886 | 115,105 | 115,105 | 115,105 | 115,105 | 115,105 | 105,512 |
| Tax | -874,579 | -1,184,757 | -691,586 | 173,103 | 101,309 | -164,490 | -78,830 | -1,528 |
| Stock | -149,059 | 1,155,173 | 1,098,025 | -1,329,061 | 505,804 | 174,433 | 314,736 | 1,678,772 |
| Debtors | 181,928 | 748,179 | 1,023,719 | -2,100,350 | 112,649 | 429,481 | 103,867 | 3,611,101 |
| Creditors | 256,916 | -456,200 | 1,361,036 | -3,148,945 | 858,411 | -633,096 | 256,071 | 2,954,652 |
| Accruals and Deferred Income | -421,410 | 694,385 | 713,105 | -660,800 | -1,070,159 | 1,055,911 | 179,283 | 1,198,133 |
| Deferred Taxes & Provisions | 581,191 | 487,054 | 531,745 | -137,479 | 62,800 | 285,757 | 15,781 | 528,696 |
| Cash flow from operations | 3,531,422 | 2,595,071 | 2,826,508 | -489,232 | 1,609,799 | 2,042,961 | 1,565,820 | 548,488 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,768,925 | 4,017 | 71,250 |
| Change in Investments | 0 | 0 | 0 | 0 | -100 | -10,400 | 0 | 10,500 |
| cash flow from investments | 0 | 0 | 0 | 0 | 100 | -1,758,525 | 4,017 | 60,750 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | -498,888 | 188,888 | 0 | 110,000 | 0 | 200,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -10,400 | 0 | 10,400 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,490,000 | 2,018,331 | -1,397,444 | 851,890 | -310,000 | 762,500 | -200,000 | 2,073,000 |
| Hire Purchase and Lease Commitments | -685,429 | -168,843 | -589,257 | 146,686 | 437,813 | 146,169 | 376,521 | 1,213,879 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -220,377 | -166,867 | -146,191 | -109,230 | -105,367 | -92,683 | -73,570 | -108,299 |
| cash flow from financing | -1,016,315 | 82,621 | -2,631,780 | 1,899,608 | 85,419 | 1,522,967 | 102,951 | 8,114,032 |
| cash and cash equivalents | ||||||||
| cash | 160 | -894,184 | 849,556 | 32,577 | -603,378 | 53,137 | 54,716 | 509,441 |
| overdraft | 558,684 | -653,415 | 1,398,888 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -558,524 | -240,769 | -549,332 | 32,577 | -603,378 | 53,137 | 54,716 | 509,441 |
philip dennis foodservice (holdings) limited Credit Report and Business Information
Philip Dennis Foodservice (holdings) Limited Competitor Analysis
Perform a competitor analysis for philip dennis foodservice (holdings) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EX34 area or any other competitors across 12 key performance metrics.
philip dennis foodservice (holdings) limited Ownership
PHILIP DENNIS FOODSERVICE (HOLDINGS) LIMITED group structure
Philip Dennis Foodservice (Holdings) Limited has 1 subsidiary company.
Ultimate parent company
PHILIP DENNIS FOODSERVICE (HOLDINGS) LIMITED
09954873
1 subsidiary
philip dennis foodservice (holdings) limited directors
Philip Dennis Foodservice (Holdings) Limited currently has 1 director, Mr Peter Dennis serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Dennis | United Kingdom | 38 years | Jan 2016 | - | Director |
P&L
January 2024turnover
42.6m
+2%
operating profit
2.8m
-25%
gross margin
23.3%
-8.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
10.1m
+0.27%
total assets
20.1m
+0.05%
cash
2k
+0.09%
net assets
Total assets minus all liabilities
philip dennis foodservice (holdings) limited company details
company number
09954873
Type
Private limited with Share Capital
industry
64204 - Activities of distribution holding companies
incorporation date
January 2016
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
- mullacott industrial estate, ilfracombe, devon, EX34 8PL
Bank
-
Legal Advisor
-
philip dennis foodservice (holdings) 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 philip dennis foodservice (holdings) limited.
philip dennis foodservice (holdings) limited Companies House Filings - See Documents
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