ginger acquisition company limited
ginger acquisition company limited Company Information
Company Number
10442691
Next Accounts
Sep 2025
Industry
Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
Shareholders
cerealto uk limited
Group Structure
View All
Contact
Registered Address
tudno mill smith street, ashton-under-lyne, lancashire, OL7 0DB
Website
hillbiscuits.comginger acquisition company limited Estimated Valuation
Pomanda estimates the enterprise value of GINGER ACQUISITION COMPANY LIMITED at £43.3m based on a Turnover of £38m and 1.14x industry multiple (adjusted for size and gross margin).
ginger acquisition company limited Estimated Valuation
Pomanda estimates the enterprise value of GINGER ACQUISITION COMPANY LIMITED at £23.1m based on an EBITDA of £3m and a 7.74x industry multiple (adjusted for size and gross margin).
ginger acquisition company limited Estimated Valuation
Pomanda estimates the enterprise value of GINGER ACQUISITION COMPANY LIMITED at £0 based on Net Assets of £-10.3m and 2.27x industry multiple (adjusted for liquidity).
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Ginger Acquisition Company Limited Overview
Ginger Acquisition Company Limited is a live company located in lancashire, OL7 0DB with a Companies House number of 10442691. It operates in the manufacture of rusks and biscuits sector, SIC Code 10720. Founded in October 2016, it's largest shareholder is cerealto uk limited with a 100% stake. Ginger Acquisition Company Limited is a young, large sized company, Pomanda has estimated its turnover at £38m with high growth in recent years.
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Ginger Acquisition Company Limited Health Check
Pomanda's financial health check has awarded Ginger Acquisition Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
6 Regular
2 Weak
Size
annual sales of £38m, make it larger than the average company (£26.3m)
£38m - Ginger Acquisition Company Limited
£26.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (10.6%)
17% - Ginger Acquisition Company Limited
10.6% - Industry AVG
Production
with a gross margin of 23.9%, this company has a comparable cost of product (20.7%)
23.9% - Ginger Acquisition Company Limited
20.7% - Industry AVG
Profitability
an operating margin of 4.8% make it more profitable than the average company (0.4%)
4.8% - Ginger Acquisition Company Limited
0.4% - Industry AVG
Employees
with 340 employees, this is above the industry average (224)
340 - Ginger Acquisition Company Limited
224 - Industry AVG
Pay Structure
on an average salary of £31.3k, the company has an equivalent pay structure (£32.3k)
£31.3k - Ginger Acquisition Company Limited
£32.3k - Industry AVG
Efficiency
resulting in sales per employee of £111.8k, this is equally as efficient (£127.5k)
£111.8k - Ginger Acquisition Company Limited
£127.5k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (53 days)
43 days - Ginger Acquisition Company Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is close to average (45 days)
45 days - Ginger Acquisition Company Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is in line with average (38 days)
38 days - Ginger Acquisition Company Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)
0 weeks - Ginger Acquisition Company Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 152.6%, this is a higher level of debt than the average (55%)
152.6% - Ginger Acquisition Company Limited
55% - Industry AVG
GINGER ACQUISITION COMPANY LIMITED financials
Ginger Acquisition Company Limited's latest turnover from December 2023 is £38 million and the company has net assets of -£10.3 million. According to their latest financial statements, Ginger Acquisition Company Limited has 340 employees and maintains cash reserves of £16.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 38,010,777 | 26,336,984 | 21,650,792 | 23,513,860 | 19,146,387 | 19,708,887 | 14,303,554 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 28,928,243 | 21,451,902 | 16,965,968 | 16,757,373 | 13,722,163 | 14,672,063 | 10,885,524 |
| Gross Profit | 9,082,534 | 4,885,082 | 4,684,824 | 6,756,487 | 5,424,224 | 5,036,824 | 3,418,030 |
| Admin Expenses | 7,246,280 | 5,960,922 | 5,973,836 | 6,583,830 | 5,822,576 | 5,170,206 | 3,854,047 |
| Operating Profit | 1,836,254 | -1,075,840 | -1,289,012 | 172,657 | -398,352 | -133,382 | -436,017 |
| Interest Payable | 1,380,434 | 1,235,517 | 1,171,551 | 1,218,840 | 1,224,421 | 1,230,666 | 879,963 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 455,820 | -2,311,357 | -2,460,563 | -1,046,183 | -1,622,773 | -1,364,048 | -1,315,980 |
| Tax | -398,732 | 139,811 | -311,137 | -272,890 | -78,266 | -46,908 | 82,000 |
| Profit After Tax | 57,088 | -2,171,546 | -2,771,700 | -1,319,073 | -1,701,039 | -1,410,956 | -1,233,980 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 57,088 | -2,171,546 | -2,771,700 | -1,319,073 | -1,701,039 | -1,410,956 | -1,233,980 |
| Employee Costs | 10,625,267 | 7,737,628 | 7,324,842 | 7,995,645 | 6,675,094 | 7,230,815 | 5,040,523 |
| Number Of Employees | 340 | 253 | 281 | 324 | 315 | 359 | 357 |
| EBITDA* | 2,985,619 | 57,212 | -173,174 | 1,319,855 | 734,650 | 829,138 | 189,916 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,842,008 | 8,854,624 | 9,322,015 | 9,742,360 | 9,826,059 | 7,589,168 | 6,524,752 |
| Intangible Assets | 1,791,914 | 2,306,543 | 2,821,172 | 3,335,801 | 3,850,430 | 4,378,489 | 4,906,548 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,633,922 | 11,161,167 | 12,143,187 | 13,078,161 | 13,676,489 | 11,967,657 | 11,431,300 |
| Stock & work in progress | 3,057,573 | 1,683,695 | 2,283,106 | 2,168,534 | 1,559,701 | 1,732,649 | 1,358,417 |
| Trade Debtors | 4,558,428 | 4,392,596 | 2,755,238 | 2,484,392 | 2,855,754 | 3,147,758 | 2,927,778 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,292,265 | 950,628 | 985,892 | 892,868 | 1,104,067 | 603,376 | 401,499 |
| Cash | 16,751 | 209,970 | 37,000 | 95,292 | 82,936 | 1,450,628 | 2,658,782 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,925,017 | 7,236,889 | 6,061,236 | 5,641,086 | 5,602,458 | 6,934,411 | 7,346,476 |
| total assets | 19,558,939 | 18,398,056 | 18,204,423 | 18,719,247 | 19,278,947 | 18,902,068 | 18,777,776 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 345,608 |
| Bank loan | 1,914,175 | 915,894 | 1,353,248 | 665,171 | 690,472 | 345,292 | 0 |
| Trade Creditors | 3,633,198 | 3,464,958 | 2,597,906 | 1,621,528 | 2,422,166 | 2,322,223 | 2,034,712 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 2,362,505 | 2,254,525 | 1,147,234 | 1,057,943 | 299,270 | 461,165 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,515,989 | 1,157,576 | 797,057 | 943,366 | 822,186 | 675,518 | 663,510 |
| total current liabilities | 9,425,867 | 7,792,953 | 5,895,445 | 4,288,008 | 4,234,094 | 3,804,198 | 3,043,830 |
| loans | 0 | 1,913,311 | 19,333,481 | 18,927,852 | 18,458,507 | 16,956,078 | 16,263,060 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 18,945,785 | 17,960,325 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,470,038 | 1,071,306 | 1,143,790 | 899,980 | 663,865 | 518,272 | 436,410 |
| total long term liabilities | 20,415,823 | 20,944,942 | 20,477,271 | 19,827,832 | 19,122,372 | 17,474,350 | 16,699,470 |
| total liabilities | 29,841,690 | 28,737,895 | 26,372,716 | 24,115,840 | 23,356,466 | 21,278,548 | 19,743,300 |
| net assets | -10,282,751 | -10,339,839 | -8,168,293 | -5,396,593 | -4,077,519 | -2,376,480 | -965,524 |
| total shareholders funds | -10,282,751 | -10,339,839 | -8,168,293 | -5,396,593 | -4,077,519 | -2,376,480 | -965,524 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,836,254 | -1,075,840 | -1,289,012 | 172,657 | -398,352 | -133,382 | -436,017 |
| Depreciation | 634,736 | 618,423 | 601,209 | 632,569 | 604,943 | 434,461 | 251,891 |
| Amortisation | 514,629 | 514,629 | 514,629 | 514,629 | 528,059 | 528,059 | 374,042 |
| Tax | -398,732 | 139,811 | -311,137 | -272,890 | -78,266 | -46,908 | 82,000 |
| Stock | 1,373,878 | -599,411 | 114,572 | 608,833 | -172,948 | 374,232 | 1,358,417 |
| Debtors | 507,469 | 1,602,094 | 363,870 | -582,561 | 208,687 | 421,857 | 3,329,277 |
| Creditors | 168,240 | 867,052 | 976,378 | -800,638 | 99,943 | 287,511 | 2,034,712 |
| Accruals and Deferred Income | 358,413 | 360,519 | -146,309 | 121,180 | 146,668 | 12,008 | 663,510 |
| Deferred Taxes & Provisions | 398,732 | -72,484 | 243,810 | 236,115 | 145,593 | 81,862 | 436,410 |
| Cash flow from operations | 1,630,925 | 349,427 | 111,126 | 577,350 | 1,012,849 | 367,522 | -1,281,146 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,507,630 | -12,053,378 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -1,507,630 | -12,053,378 |
| Financing Activities | |||||||
| Bank loans | 998,281 | -437,354 | 688,077 | -25,301 | 345,180 | 345,292 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 107,980 | 1,107,291 | 89,291 | 758,673 | -161,895 | 461,165 | 0 |
| Long term loans | -1,913,311 | -17,420,170 | 405,629 | 469,345 | 1,502,429 | 693,018 | 16,263,060 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 985,460 | 17,960,325 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -1,380,434 | -1,235,517 | -1,171,551 | -1,218,840 | -1,224,421 | -1,230,666 | -879,963 |
| cash flow from financing | -1,202,024 | -25,425 | 11,446 | -16,124 | 461,293 | 268,809 | 15,651,553 |
| cash and cash equivalents | |||||||
| cash | -193,219 | 172,970 | -58,292 | 12,356 | -1,367,692 | -1,208,154 | 2,658,782 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -345,608 | 345,608 |
| change in cash | -193,219 | 172,970 | -58,292 | 12,356 | -1,367,692 | -862,546 | 2,313,174 |
ginger acquisition company limited Credit Report and Business Information
Ginger Acquisition Company Limited Competitor Analysis
Perform a competitor analysis for ginger acquisition company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in OL7 area or any other competitors across 12 key performance metrics.
ginger acquisition company limited Ownership
GINGER ACQUISITION COMPANY LIMITED group structure
Ginger Acquisition Company Limited has 1 subsidiary company.
Ultimate parent company
GRUPO SIRO CORPORATIVO SL
#0098767
2 parents
GINGER ACQUISITION COMPANY LIMITED
10442691
1 subsidiary
ginger acquisition company limited directors
Ginger Acquisition Company Limited currently has 4 directors. The longest serving directors include Mr Brendon Ward-Banner (Apr 2017) and Mrs Tracey Meadows (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brendon Ward-Banner | 51 years | Apr 2017 | - | Director | |
| Mrs Tracey Meadows | United Kingdom | 56 years | Oct 2023 | - | Director |
| Mrs Morven Burden | England | 34 years | Jul 2024 | - | Director |
| Mr Juan Fonts Cavestany | England | 62 years | Sep 2024 | - | Director |
P&L
December 2023turnover
38m
+44%
operating profit
1.8m
-271%
gross margin
23.9%
+28.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-10.3m
-0.01%
total assets
19.6m
+0.06%
cash
16.8k
-0.92%
net assets
Total assets minus all liabilities
ginger acquisition company limited company details
company number
10442691
Type
Private limited with Share Capital
industry
10720 - Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
tudno mill smith street, ashton-under-lyne, lancashire, OL7 0DB
Bank
-
Legal Advisor
-
ginger acquisition company 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 5 charges/mortgages relating to ginger acquisition company limited. Currently there are 3 open charges and 2 have been satisfied in the past.
ginger acquisition company 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 GINGER ACQUISITION COMPANY LIMITED. This can take several minutes, an email will notify you when this has completed.
ginger acquisition company limited Companies House Filings - See Documents
| date | description | view/download |
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