condimentum limited
condimentum limited Company Information
Company Number
10698953
Next Accounts
Sep 2025
Shareholders
pamela sly
michael harold speed sly
View AllGroup Structure
View All
Industry
Manufacture of condiments and seasonings
Registered Address
condimentum colmans close, food enterprise park, easton, norwich, norfolk, NR9 5FG
Website
www.smithofhoningham.co.ukcondimentum limited Estimated Valuation
Pomanda estimates the enterprise value of CONDIMENTUM LIMITED at £7.7m based on a Turnover of £9.2m and 0.84x industry multiple (adjusted for size and gross margin).
condimentum limited Estimated Valuation
Pomanda estimates the enterprise value of CONDIMENTUM LIMITED at £6m based on an EBITDA of £1m and a 5.9x industry multiple (adjusted for size and gross margin).
condimentum limited Estimated Valuation
Pomanda estimates the enterprise value of CONDIMENTUM LIMITED at £10.4m based on Net Assets of £5.1m and 2.06x industry multiple (adjusted for liquidity).
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Condimentum Limited Overview
Condimentum Limited is a live company located in norwich, NR9 5FG with a Companies House number of 10698953. It operates in the manufacture of condiments and seasonings sector, SIC Code 10840. Founded in March 2017, it's largest shareholder is pamela sly with a 17.1% stake. Condimentum Limited is a young, mid sized company, Pomanda has estimated its turnover at £9.2m with rapid growth in recent years.
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Condimentum Limited Health Check
Pomanda's financial health check has awarded Condimentum Limited a 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
5 Strong
3 Regular
4 Weak
Size
annual sales of £9.2m, make it smaller than the average company (£35.2m)
- Condimentum Limited
£35.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (10.9%)
- Condimentum Limited
10.9% - Industry AVG
Production
with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)
- Condimentum Limited
25.6% - Industry AVG
Profitability
an operating margin of 6.7% make it more profitable than the average company (1.8%)
- Condimentum Limited
1.8% - Industry AVG
Employees
with 32 employees, this is below the industry average (120)
32 - Condimentum Limited
120 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)
- Condimentum Limited
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £288.4k, this is more efficient (£227.2k)
- Condimentum Limited
£227.2k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (50 days)
- Condimentum Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 126 days, this is slower than average (51 days)
- Condimentum Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 233 days, this is more than average (65 days)
- Condimentum Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (8 weeks)
4 weeks - Condimentum Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61%, this is a similar level of debt than the average (57%)
61% - Condimentum Limited
57% - Industry AVG
CONDIMENTUM LIMITED financials
Condimentum Limited's latest turnover from December 2023 is estimated at £9.2 million and the company has net assets of £5.1 million. According to their latest financial statements, Condimentum Limited has 32 employees and maintains cash reserves of £387 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 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 | 32 | 26 | 23 | 19 | 8 | 6 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,301,206 | 6,775,461 | 6,722,071 | 6,890,511 | 4,652,064 | 601,404 | 0 |
| Intangible Assets | 42,403 | 43,305 | 33,727 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,343,609 | 6,818,766 | 6,755,798 | 6,890,511 | 4,652,064 | 601,404 | 0 |
| Stock & work in progress | 4,394,680 | 917,144 | 932,875 | 695,646 | 21,807 | 0 | 0 |
| Trade Debtors | 516,877 | 661,576 | 74,578 | 389,464 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 343,939 | 845,521 | 412,563 | 329,060 | 577,781 | 116,822 | 9,695 |
| Cash | 386,980 | 1,079,117 | 840,986 | 742,433 | 96,301 | 3,985,660 | 123,505 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,642,476 | 3,503,358 | 2,261,002 | 2,156,603 | 695,889 | 4,102,482 | 133,200 |
| total assets | 12,986,085 | 10,322,124 | 9,016,800 | 9,047,114 | 5,347,953 | 4,703,886 | 133,200 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 190,112 | 293,487 | 82,607 | 51,277 | 0 | 0 | 0 |
| Trade Creditors | 2,379,564 | 702,541 | 826,468 | 628,837 | 1,196,997 | 519,950 | 28,628 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 55,268 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,641,101 | 1,093,600 | 291,815 | 999,984 | 161,417 | 105,122 | 90 |
| total current liabilities | 4,266,045 | 2,089,628 | 1,200,890 | 1,680,098 | 1,358,414 | 625,072 | 28,718 |
| loans | 1,812,904 | 1,917,517 | 2,217,672 | 2,178,563 | 0 | 0 | 0 |
| hp & lease commitments | 266,451 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,313,392 | 1,350,917 | 1,388,443 | 1,425,969 | 497,087 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 265,687 | 219,029 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,658,434 | 3,487,463 | 3,606,115 | 3,604,532 | 497,087 | 0 | 0 |
| total liabilities | 7,924,479 | 5,577,091 | 4,807,005 | 5,284,630 | 1,855,501 | 625,072 | 28,718 |
| net assets | 5,061,606 | 4,745,033 | 4,209,795 | 3,762,484 | 3,492,452 | 4,078,814 | 104,482 |
| total shareholders funds | 5,061,606 | 4,745,033 | 4,209,795 | 3,762,484 | 3,492,452 | 4,078,814 | 104,482 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 380,592 | 321,842 | 300,323 | 0 | 0 | 0 | 0 |
| Amortisation | 12,152 | 8,513 | 3,784 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 3,477,536 | -15,731 | 237,229 | 673,839 | 21,807 | 0 | 0 |
| Debtors | -646,281 | 1,019,956 | -231,383 | 140,743 | 568,086 | 107,127 | 9,695 |
| Creditors | 1,677,023 | -123,927 | 197,631 | -568,160 | 1,168,369 | 491,322 | 28,628 |
| Accruals and Deferred Income | 509,976 | 764,259 | -745,695 | 1,767,449 | 658,414 | 105,032 | 90 |
| Deferred Taxes & Provisions | 46,658 | 219,029 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | -103,375 | 210,880 | 31,330 | 51,277 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -104,613 | -300,155 | 39,109 | 2,178,563 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 321,719 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -692,137 | 238,131 | 98,553 | 646,132 | -27,204 | 3,862,155 | 123,505 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -692,137 | 238,131 | 98,553 | 646,132 | -27,204 | 3,862,155 | 123,505 |
condimentum limited Credit Report and Business Information
Condimentum Limited Competitor Analysis
Perform a competitor analysis for condimentum limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NR9 area or any other competitors across 12 key performance metrics.
condimentum limited Ownership
CONDIMENTUM LIMITED group structure
Condimentum Limited has no subsidiary companies.
Ultimate parent company
CONDIMENTUM LIMITED
10698953
condimentum limited directors
Condimentum Limited currently has 10 directors. The longest serving directors include Mr Gregory Bliss (Apr 2017) and Mr David Bond (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gregory Bliss | England | 62 years | Apr 2017 | - | Director |
| Mr David Bond | England | 60 years | Apr 2017 | - | Director |
| Mr Michael Sly | 56 years | Apr 2017 | - | Director | |
| Ms Suzanne Sadler | England | 49 years | Apr 2017 | - | Director |
| Mr Simon Hope | United Kingdom | 60 years | Mar 2019 | - | Director |
| Mr Stuart Riches | England | 58 years | Aug 2022 | - | Director |
| Mr Timothy Harvey-Samuel | England | 59 years | Aug 2022 | - | Director |
| Mr Stephen Catling | England | 59 years | Aug 2023 | - | Director |
| Mr Graham Edwards | 54 years | Apr 2024 | - | Director | |
| Mr James Smith | 48 years | Oct 2024 | - | Director |
P&L
December 2023turnover
9.2m
+102%
operating profit
620.7k
0%
gross margin
25.7%
-1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.1m
+0.07%
total assets
13m
+0.26%
cash
387k
-0.64%
net assets
Total assets minus all liabilities
condimentum limited company details
company number
10698953
Type
Private limited with Share Capital
industry
10840 - Manufacture of condiments and seasonings
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
M A PARTNERS AUDIT LLP
auditor
-
address
condimentum colmans close, food enterprise park, easton, norwich, norfolk, NR9 5FG
Bank
-
Legal Advisor
-
condimentum 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 7 charges/mortgages relating to condimentum limited. Currently there are 2 open charges and 5 have been satisfied in the past.
condimentum 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.
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condimentum limited Companies House Filings - See Documents
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