Pomanda estimates the enterprise value of SUBZERO (GRIMSBY) LIMITED at £14.4m based on a Turnover of £16.9m and 0.85x industry multiple (adjusted for size and gross margin).
subzero (grimsby) limitedEstimated Valuation
£3.9m
Pomanda estimates the enterprise value of SUBZERO (GRIMSBY) LIMITED at £3.9m based on an EBITDA of £692.4k and a 5.63x industry multiple (adjusted for size and gross margin).
subzero (grimsby) limitedEstimated Valuation
£4.8m
Pomanda estimates the enterprise value of SUBZERO (GRIMSBY) LIMITED at £4.8m based on Net Assets of £2.4m and 1.96x industry multiple (adjusted for liquidity).
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Subzero (grimsby) LimitedOverview
Subzero (grimsby) Limited is a live company located in grimsby, DN37 9TU with a Companies House number of 10269911. It operates in the processing and preserving of fish, crustaceans and molluscs sector, SIC Code 10200. Founded in July 2016, it's largest shareholder is
ma020 limited
with a 24.5% stake. Subzero (grimsby) Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£16.9m with
high
growth in recent years.
Pomanda's financial health check has awarded Subzero (Grimsby) Limited a 4.5 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
Health Rating4.5out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £16.9m, make it smaller than the average company (£28.4m)
£16.9m - Subzero (grimsby) Limited
£28.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (2.8%)
23% - Subzero (grimsby) Limited
2.8% - Industry AVG
Production
with a gross margin of 16.3%, this company has a comparable cost of product (16.3%)
16.3% - Subzero (grimsby) Limited
16.3% - Industry AVG
Profitability
an operating margin of 3% make it more profitable than the average company (2%)
3% - Subzero (grimsby) Limited
2% - Industry AVG
Employees
with 36 employees, this is below the industry average (113)
36 - Subzero (grimsby) Limited
113 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£33.8k)
£33.8k - Subzero (grimsby) Limited
£33.8k - Industry AVG
Efficiency
resulting in sales per employee of £469.9k, this is more efficient (£230k)
£469.9k - Subzero (grimsby) Limited
£230k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (38 days)
44 days - Subzero (grimsby) Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (29 days)
68 days - Subzero (grimsby) Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (31 days)
22 days - Subzero (grimsby) Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (7 weeks)
5 weeks - Subzero (grimsby) Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.8%, this is a higher level of debt than the average (56%)
67.8% - Subzero (grimsby) Limited
56% - Industry AVG
SUBZERO (GRIMSBY) LIMITED financials
EXPORT
Subzero (Grimsby) Limited's latest turnover from March 2024 is estimated at £16.9 million and the company has net assets of £2.4 million. According to their latest financial statements, Subzero (Grimsby) Limited has 36 employees and maintains cash reserves of £336.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Turnover
16,917,473
14,193,051
10,208,539
9,069,740
10,302,270
10,698,563
7,547,298
3,782,757
Other Income Or Grants
Cost Of Sales
14,166,280
11,997,128
8,547,532
7,728,928
8,869,268
9,224,537
6,541,865
3,258,798
Gross Profit
2,751,193
2,195,923
1,661,007
1,340,812
1,433,002
1,474,026
1,005,434
523,959
Admin Expenses
2,238,139
1,230,073
946,236
1,030,503
1,008,148
1,199,588
715,106
410,411
Operating Profit
513,054
965,850
714,771
310,309
424,854
274,438
290,328
113,548
Interest Payable
262,485
219,290
81,808
35,838
14,488
Interest Receivable
11,287
15,971
3,592
296
157
334
407
119
Pre-Tax Profit
261,856
762,531
636,554
274,768
410,523
274,772
290,735
113,668
Tax
-65,464
-144,881
-120,945
-52,206
-77,999
-52,207
-55,240
-22,733
Profit After Tax
196,392
617,650
515,609
222,562
332,524
222,565
235,495
90,934
Dividends Paid
Retained Profit
196,392
617,650
515,609
222,562
332,524
222,565
235,495
90,934
Employee Costs
1,217,209
1,075,931
852,915
879,320
858,853
772,655
1,431,647
1,003,023
Number Of Employees
36
34
30
30
30
30
56
40
EBITDA*
692,388
1,086,864
804,405
401,069
500,159
329,267
291,796
113,548
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Tangible Assets
3,917,672
3,583,987
2,445,553
605,575
594,748
162,898
48,695
5,968
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,917,672
3,583,987
2,445,553
605,575
594,748
162,898
48,695
5,968
Stock & work in progress
891,219
563,156
589,371
629,023
641,023
473,231
222,783
34,951
Trade Debtors
2,065,130
1,983,655
1,471,351
1,274,235
1,429,521
1,684,140
895,257
404,407
Group Debtors
Misc Debtors
338,773
506,103
182,548
233,307
37,571
55,948
17,705
Cash
336,618
93,378
658,180
299,574
292,802
21,653
67,406
95,266
misc current assets
total current assets
3,631,740
3,146,292
2,901,450
2,436,139
2,363,346
2,216,595
1,241,394
552,329
total assets
7,549,412
6,730,279
5,347,003
3,041,714
2,958,094
2,379,493
1,290,089
558,297
Bank overdraft
202,904
676,502
301,184
300,000
Bank loan
Trade Creditors
2,661,959
1,713,152
1,146,904
779,954
1,067,275
1,299,757
652,533
285,711
Group/Directors Accounts
16,865
16,956
34,644
102,901
221
other short term finances
hp & lease commitments
68,250
138,230
244,901
26,676
37,239
18,488
other current liabilities
89,688
38,628
33,540
277,896
386,476
351,898
301,454
181,552
total current liabilities
3,022,801
2,566,512
1,743,394
1,401,482
1,525,634
1,773,044
954,208
467,263
loans
1,908,619
1,878,377
1,422,769
400,000
475,000
hp & lease commitments
136,210
510,000
105,001
44,791
26,304
Accruals and Deferred Income
other liabilities
provisions
47,851
47,851
50,951
30,951
30,951
30,951
9,252
total long term liabilities
2,092,680
1,926,228
1,983,720
535,952
550,742
57,255
9,252
total liabilities
5,115,481
4,492,740
3,727,114
1,937,434
2,076,376
1,830,299
963,460
467,263
net assets
2,433,931
2,237,539
1,619,889
1,104,280
881,718
549,194
326,629
91,034
total shareholders funds
2,433,931
2,237,539
1,619,889
1,104,280
881,718
549,194
326,629
91,034
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Operating Activities
Operating Profit
513,054
965,850
714,771
310,309
424,854
274,438
290,328
113,548
Depreciation
179,334
121,014
89,634
90,760
75,305
54,829
1,468
Amortisation
Tax
-65,464
-144,881
-120,945
-52,206
-77,999
-52,207
-55,240
-22,733
Stock
328,063
-26,215
-39,652
-12,000
167,792
250,448
187,832
34,951
Debtors
-85,855
835,859
146,357
78,021
-292,190
770,506
529,093
422,112
Creditors
948,807
566,248
366,950
-287,321
-232,482
647,224
366,822
285,711
Accruals and Deferred Income
51,060
5,088
-244,356
-108,580
34,578
50,444
119,902
181,552
Deferred Taxes & Provisions
-3,100
20,000
21,699
9,252
Cash flow from operations
1,384,583
700,575
719,349
-113,059
348,654
-24,527
15,607
101,015
Investing Activities
capital expenditure
-513,019
-1,259,448
-1,929,612
-101,587
-507,155
-169,032
-44,195
-5,968
Change in Investments
cash flow from investments
-513,019
-1,259,448
-1,929,612
-101,587
-507,155
-169,032
-44,195
-5,968
Financing Activities
Bank loans
Group/Directors Accounts
-16,865
-91
-17,688
-68,257
102,680
221
Other Short Term Loans
Long term loans
30,242
455,608
1,022,769
-75,000
475,000
Hire Purchase and Lease Commitments
66,230
-616,671
623,224
49,647
37,238
44,792
other long term liabilities
share issue
100
100
interest
-251,198
-203,319
-78,216
-35,542
-14,331
334
407
119
cash flow from financing
-154,726
-381,247
1,567,686
-78,583
429,650
147,806
728
219
cash and cash equivalents
cash
243,240
-564,802
358,606
6,772
271,149
-45,753
-27,860
95,266
overdraft
-473,598
375,318
1,184
300,000
change in cash
716,838
-940,120
357,422
-293,228
271,149
-45,753
-27,860
95,266
subzero (grimsby) limited 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 subzero (grimsby) limited. Get real-time insights into subzero (grimsby) limited's credit score, group structure and payment trends.
Perform a competitor analysis for subzero (grimsby) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DN37 area or any other competitors across 12 key performance metrics.
subzero (grimsby) limited Ownership
SUBZERO (GRIMSBY) LIMITED group structure
Subzero (Grimsby) Limited has no subsidiary companies.
Ultimate parent company
SUBZERO (GRIMSBY) LIMITED
10269911
SUBZERO (GRIMSBY) LIMITED Shareholders
The largest shareholders in Subzero (Grimsby) Limited include Ma020 Limited and Ram2020 Limited.
ma020 limited
24.5%
ram2020 limited
16.88%
smc2020 limited
16.88%
simon mark chapman
8.44%
ryan masterson
8.44%
beverley ann chapman
7.94%
natalie masterson
7.94%
michael wilkinson
3.75%
steven john chapman
3.75%
timothy mumby
1.5%
subzero (grimsby) limited directors
Subzero (Grimsby) Limited currently has 7 directors.
The longest serving directors include
Mrs Beverley Chapman (Jul 2016) and
Mr Simon Chapman (Jul 2016).
10200 - Processing and preserving of fish, crustaceans and molluscs
incorporation date
July 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
C W DIX LIMITED
auditor
-
address
unit 2 genesis way europarc, healing, grimsby, DN37 9TU
Bank
-
Legal Advisor
-
subzero (grimsby) 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 found 4 charges/mortgages relating to subzero (grimsby) limited. Currently there are 3 open charges and 1 have been satisfied in the past.
subzero (grimsby) limited 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.
Click to start generating capital raising & share issue transactions for SUBZERO (GRIMSBY) LIMITED. This can take several minutes, an email will notify you when this has completed.
subzero (grimsby) limitedCompanies House Filings - See Documents
