grimsby food processing ltd
grimsby food processing ltd Company Information
Group Structure
View All
Industry
Processing and preserving of fish, crustaceans and molluscs
Registered Address
unit 1-4a estate road no 7, grimsby, DN31 2TP
Website
-grimsby food processing ltd Estimated Valuation
Pomanda estimates the enterprise value of GRIMSBY FOOD PROCESSING LTD at £126.5k based on a Turnover of £260.8k and 0.49x industry multiple (adjusted for size and gross margin).
grimsby food processing ltd Estimated Valuation
Pomanda estimates the enterprise value of GRIMSBY FOOD PROCESSING LTD at £0 based on an EBITDA of £-11.5k and a 3.2x industry multiple (adjusted for size and gross margin).
grimsby food processing ltd Estimated Valuation
Pomanda estimates the enterprise value of GRIMSBY FOOD PROCESSING LTD at £37.4k based on Net Assets of £19k and 1.96x industry multiple (adjusted for liquidity).
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Grimsby Food Processing Ltd Overview
Grimsby Food Processing Ltd is a live company located in grimsby, DN31 2TP with a Companies House number of 10592744. It operates in the processing and preserving of fish, crustaceans and molluscs sector, SIC Code 10200. Founded in January 2017, it's largest shareholder is stephen moore with a 100% stake. Grimsby Food Processing Ltd is a young, micro sized company, Pomanda has estimated its turnover at £260.8k with declining growth in recent years.
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Grimsby Food Processing Ltd Health Check
Pomanda's financial health check has awarded Grimsby Food Processing Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £260.8k, make it smaller than the average company (£29.3m)
- Grimsby Food Processing Ltd
£29.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (2.9%)
- Grimsby Food Processing Ltd
2.9% - Industry AVG
Production
with a gross margin of 10.4%, this company has a higher cost of product (16.1%)
- Grimsby Food Processing Ltd
16.1% - Industry AVG
Profitability
an operating margin of -4.4% make it less profitable than the average company (1.8%)
- Grimsby Food Processing Ltd
1.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (111)
- Grimsby Food Processing Ltd
111 - Industry AVG
Pay Structure
on an average salary of £33.6k, the company has an equivalent pay structure (£33.6k)
- Grimsby Food Processing Ltd
£33.6k - Industry AVG
Efficiency
resulting in sales per employee of £260.8k, this is equally as efficient (£265.7k)
- Grimsby Food Processing Ltd
£265.7k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (39 days)
- Grimsby Food Processing Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (29 days)
- Grimsby Food Processing Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Grimsby Food Processing Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Grimsby Food Processing Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.2%, this is a similar level of debt than the average (53.7%)
58.2% - Grimsby Food Processing Ltd
53.7% - Industry AVG
GRIMSBY FOOD PROCESSING LTD financials
Grimsby Food Processing Ltd's latest turnover from January 2024 is estimated at £260.8 thousand and the company has net assets of £19 thousand. According to their latest financial statements, we estimate that Grimsby Food Processing Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,283 | 6,259 | 7,222 | ||||
| Intangible Assets | |||||||
| Investments & Other | 1 | 1 | |||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 19,283 | 6,259 | 7,222 | 1 | 1 | ||
| Stock & work in progress | |||||||
| Trade Debtors | 45,560 | 34,028 | 60,245 | 57,427 | 20,921 | 30,619 | |
| Group Debtors | |||||||
| Misc Debtors | 5,819 | ||||||
| Cash | |||||||
| misc current assets | |||||||
| total current assets | 45,560 | 34,028 | 66,064 | 57,427 | 20,921 | 30,619 | |
| total assets | 45,560 | 53,311 | 66,064 | 63,686 | 28,143 | 30,620 | 1 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 25,112 | 21,319 | 38,046 | 45,525 | 37,718 | 30,714 | |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | |||||||
| total current liabilities | 25,112 | 21,319 | 38,046 | 45,525 | 37,718 | 30,714 | |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 1,400 | 1,400 | 3,664 | ||||
| other liabilities | 4,500 | ||||||
| provisions | |||||||
| total long term liabilities | 1,400 | 1,400 | 3,664 | 4,500 | |||
| total liabilities | 26,512 | 22,719 | 41,710 | 50,025 | 37,718 | 30,714 | |
| net assets | 19,048 | 30,592 | 24,354 | 13,661 | -9,575 | -94 | 1 |
| total shareholders funds | 19,048 | 30,592 | 24,354 | 13,661 | -9,575 | -94 | 1 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 11,532 | -32,036 | 8,637 | 36,506 | -9,698 | 30,619 | |
| Creditors | 3,793 | -16,727 | -7,479 | 7,807 | 7,004 | 30,714 | |
| Accruals and Deferred Income | -2,264 | 3,664 | |||||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -1 | 1 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -4,500 | 4,500 | |||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | |||||||
| overdraft | |||||||
| change in cash |
grimsby food processing ltd Credit Report and Business Information
Grimsby Food Processing Ltd Competitor Analysis
Perform a competitor analysis for grimsby food processing ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in DN31 area or any other competitors across 12 key performance metrics.
grimsby food processing ltd Ownership
GRIMSBY FOOD PROCESSING LTD group structure
Grimsby Food Processing Ltd has no subsidiary companies.
Ultimate parent company
GRIMSBY FOOD PROCESSING LTD
10592744
grimsby food processing ltd directors
Grimsby Food Processing Ltd currently has 1 director, Mr Stephen Moore serving since Jan 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Moore | United Kingdom | 64 years | Jan 2017 | - | Director |
P&L
January 2024turnover
260.8k
+26%
operating profit
-11.5k
0%
gross margin
10.4%
-4.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
19k
-0.38%
total assets
45.6k
-0.15%
cash
0
0%
net assets
Total assets minus all liabilities
grimsby food processing ltd company details
company number
10592744
Type
Private limited with Share Capital
industry
10200 - Processing and preserving of fish, crustaceans and molluscs
incorporation date
January 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
N/A
accountant
TURNERWARRAN
auditor
-
address
unit 1-4a estate road no 7, grimsby, DN31 2TP
Bank
-
Legal Advisor
-
grimsby food processing 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 grimsby food processing ltd.
grimsby food processing 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.
Click to start generating capital raising & share issue transactions for GRIMSBY FOOD PROCESSING LTD. This can take several minutes, an email will notify you when this has completed.
grimsby food processing ltd Companies House Filings - See Documents
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