simply food direct ltd
simply food direct ltd Company Information
Company Number
10483777
Next Accounts
Dec 2024
Industry
Wholesale of meat and meat products
Wholesale of coffee, tea, cocoa and spices
Directors
Shareholders
vicentiu constantin nitu
Group Structure
View All
Contact
Registered Address
unit e & f hainault works, hainault road, romford, RM6 5NF
Website
simplyfooddirect.co.uksimply food direct ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY FOOD DIRECT LTD at £2.3m based on a Turnover of £5.8m and 0.4x industry multiple (adjusted for size and gross margin).
simply food direct ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY FOOD DIRECT LTD at £976.5k based on an EBITDA of £225.9k and a 4.32x industry multiple (adjusted for size and gross margin).
simply food direct ltd Estimated Valuation
Pomanda estimates the enterprise value of SIMPLY FOOD DIRECT LTD at £1.4m based on Net Assets of £637.7k and 2.16x industry multiple (adjusted for liquidity).
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Simply Food Direct Ltd Overview
Simply Food Direct Ltd is a dissolved company that was located in romford, RM6 5NF with a Companies House number of 10483777. It operated in the wholesale of meat and meat products sector, SIC Code 46320. Founded in November 2016, it's largest shareholder was vicentiu constantin nitu with a 100% stake. The last turnover for Simply Food Direct Ltd was estimated at £5.8m.
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Simply Food Direct Ltd Health Check
Pomanda's financial health check has awarded Simply Food Direct Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £5.8m, make it smaller than the average company (£13.4m)
- Simply Food Direct Ltd
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 337%, show it is growing at a faster rate (0.4%)
- Simply Food Direct Ltd
0.4% - Industry AVG
Production
with a gross margin of 16.8%, this company has a comparable cost of product (16.8%)
- Simply Food Direct Ltd
16.8% - Industry AVG
Profitability
an operating margin of 3.7% make it more profitable than the average company (2.4%)
- Simply Food Direct Ltd
2.4% - Industry AVG
Employees
with 21 employees, this is below the industry average (34)
21 - Simply Food Direct Ltd
34 - Industry AVG
Pay Structure
on an average salary of £36k, the company has an equivalent pay structure (£36k)
- Simply Food Direct Ltd
£36k - Industry AVG
Efficiency
resulting in sales per employee of £276.7k, this is less efficient (£390.2k)
- Simply Food Direct Ltd
£390.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Simply Food Direct Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Simply Food Direct Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is in line with average (38 days)
- Simply Food Direct Ltd
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (11 weeks)
39 weeks - Simply Food Direct Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.1%, this is a lower level of debt than the average (61.8%)
12.1% - Simply Food Direct Ltd
61.8% - Industry AVG
SIMPLY FOOD DIRECT LTD financials
Simply Food Direct Ltd's latest turnover from November 2021 is estimated at £5.8 million and the company has net assets of £637.7 thousand. According to their latest financial statements, Simply Food Direct Ltd has 21 employees and maintains cash reserves of £66.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 21 | 21 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Tangible Assets | 52,043 | 57,063 | 76,084 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 52,043 | 57,063 | 76,084 | 0 | 0 |
| Stock & work in progress | 488,830 | 601,325 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 8,549 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 118,149 | 0 | 10,655 | 6,919 | 0 |
| Cash | 66,385 | 29,414 | 18,732 | 1,327 | 100 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 673,364 | 630,739 | 29,387 | 16,795 | 100 |
| total assets | 725,407 | 687,802 | 105,471 | 16,795 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,337 | 0 | 0 | 0 | 0 |
| other current liabilities | 85,392 | 129,672 | 6,377 | 6,140 | 0 |
| total current liabilities | 87,729 | 129,672 | 6,377 | 6,140 | 0 |
| loans | 0 | 90,710 | 98,396 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 90,710 | 98,396 | 0 | 0 |
| total liabilities | 87,729 | 220,382 | 104,773 | 6,140 | 0 |
| net assets | 637,678 | 467,420 | 698 | 10,655 | 100 |
| total shareholders funds | 637,678 | 467,420 | 698 | 10,655 | 100 |
| Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 13,011 | 19,021 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | -112,495 | 601,325 | 0 | 0 | 0 |
| Debtors | 118,149 | -10,655 | -4,813 | 15,468 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -44,280 | 123,295 | 237 | 6,140 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -90,710 | -7,686 | 98,396 | 0 | 0 |
| Hire Purchase and Lease Commitments | 2,337 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 36,971 | 10,682 | 17,405 | 1,227 | 100 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 36,971 | 10,682 | 17,405 | 1,227 | 100 |
simply food direct ltd Credit Report and Business Information
Simply Food Direct Ltd Competitor Analysis
Perform a competitor analysis for simply food direct ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in RM6 area or any other competitors across 12 key performance metrics.
simply food direct ltd Ownership
SIMPLY FOOD DIRECT LTD group structure
Simply Food Direct Ltd has no subsidiary companies.
Ultimate parent company
SIMPLY FOOD DIRECT LTD
10483777
simply food direct ltd directors
Simply Food Direct Ltd currently has 1 director, Mr Vicentiu Nitu serving since Nov 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vicentiu Nitu | England | 48 years | Nov 2016 | - | Director |
P&L
November 2021turnover
5.8m
-18%
operating profit
212.9k
0%
gross margin
16.8%
-4.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2021net assets
637.7k
+0.36%
total assets
725.4k
+0.05%
cash
66.4k
+1.26%
net assets
Total assets minus all liabilities
Similar Companies
simply food direct ltd company details
company number
10483777
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
46370 - Wholesale of coffee, tea, cocoa and spices
46341 - Wholesale of fruit and vegetable juices, mineral waters and soft drinks
incorporation date
November 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2021
previous names
N/A
accountant
SUPER FINANCIAL LIMITED
auditor
-
address
unit e & f hainault works, hainault road, romford, RM6 5NF
Bank
-
Legal Advisor
-
simply food direct ltd 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 simply food direct ltd.
simply food direct 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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simply food direct ltd Companies House Filings - See Documents
| date | description | view/download |
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