Pomanda estimates the enterprise value of STATE FAYRE LTD at £900.2k based on a Turnover of £2m and 0.45x industry multiple (adjusted for size and gross margin).
state fayre ltdEstimated Valuation
£202.7k
Pomanda estimates the enterprise value of STATE FAYRE LTD at £202.7k based on an EBITDA of £55.6k and a 3.65x industry multiple (adjusted for size and gross margin).
state fayre ltdEstimated Valuation
£224.5k
Pomanda estimates the enterprise value of STATE FAYRE LTD at £224.5k based on Net Assets of £107.5k and 2.09x industry multiple (adjusted for liquidity).
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State Fayre LtdOverview
State Fayre Ltd is a live company located in oldham, OL1 1RU with a Companies House number of 10780289. It operates in the manufacture of bread sector, SIC Code 10710. Founded in May 2017, it's largest shareholder is
ashirah fagleman
with a 25% stake. State Fayre Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£2m with
high
growth in recent years.
Pomanda's financial health check has awarded State Fayre Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £2m, make it smaller than the average company (£15.7m)
£2m - State Fayre Ltd
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (12.8%)
26% - State Fayre Ltd
12.8% - Industry AVG
Production
with a gross margin of 29.1%, this company has a comparable cost of product (29.1%)
29.1% - State Fayre Ltd
29.1% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (4.6%)
0.1% - State Fayre Ltd
4.6% - Industry AVG
Employees
with 33 employees, this is below the industry average (156)
33 - State Fayre Ltd
156 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
£30.8k - State Fayre Ltd
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £61k, this is less efficient (£110.9k)
£61k - State Fayre Ltd
£110.9k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (39 days)
31 days - State Fayre Ltd
39 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (39 days)
78 days - State Fayre Ltd
39 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (23 days)
4 days - State Fayre Ltd
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (9 weeks)
1 weeks - State Fayre Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.8%, this is a higher level of debt than the average (56.7%)
82.8% - State Fayre Ltd
56.7% - Industry AVG
STATE FAYRE LTD financials
EXPORT
State Fayre Ltd's latest turnover from March 2024 is estimated at £2 million and the company has net assets of £107.5 thousand. According to their latest financial statements, State Fayre Ltd has 33 employees and maintains cash reserves of £12.8 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
Turnover
2,012,702
1,585,937
1,140,996
1,000,593
990,889
956,394
790,965
Other Income Or Grants
Cost Of Sales
1,428,017
1,118,139
802,016
697,848
682,288
651,714
523,511
Gross Profit
584,685
467,798
338,980
302,745
308,600
304,680
267,454
Admin Expenses
583,604
435,988
278,197
258,546
240,276
257,283
269,099
Operating Profit
1,081
31,810
60,783
44,199
68,324
47,397
-1,645
Interest Payable
15,790
18,228
15,759
15,872
16,973
21,760
11,148
Interest Receivable
670
1,347
251
11
4
107
66
Pre-Tax Profit
-14,039
14,928
45,275
28,338
51,356
25,744
-12,727
Tax
-2,836
-8,602
-5,384
-9,758
-4,891
Profit After Tax
-14,039
12,092
36,673
22,954
41,598
20,853
-12,727
Dividends Paid
Retained Profit
-14,039
12,092
36,673
22,954
41,598
20,853
-12,727
Employee Costs
1,016,858
896,262
770,666
660,344
700,654
656,741
549,814
Number Of Employees
33
32
28
25
27
26
23
EBITDA*
55,585
75,971
103,826
86,329
113,298
89,783
40,351
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Tangible Assets
171,272
146,475
133,579
127,519
136,196
149,175
130,313
Intangible Assets
247,000
266,000
285,000
304,000
323,000
342,000
361,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
418,272
412,475
418,579
431,519
459,196
491,175
491,313
Stock & work in progress
17,500
15,000
12,200
11,600
22,500
13,388
13,033
Trade Debtors
173,802
145,026
81,451
75,460
45,059
57,579
50,730
Group Debtors
Misc Debtors
2,503
5,149
5,073
7,459
3,566
11,508
9,934
Cash
12,757
12,757
50,627
16,196
6,403
2,451
26,208
misc current assets
total current assets
206,562
177,932
149,351
110,715
77,528
84,926
99,905
total assets
624,834
590,407
567,930
542,234
536,724
576,101
591,218
Bank overdraft
65,557
58,474
63,621
69,306
60,775
51,496
Bank loan
Trade Creditors
306,837
220,645
158,521
103,117
101,770
108,973
76,710
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
10,727
7,712
8,916
34,964
66,027
95,491
total current liabilities
372,394
289,846
229,854
181,339
197,509
226,496
172,201
loans
60,751
95,923
137,657
196,338
193,975
250,254
343,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
48,153
61,553
70,314
73,314
78,027
66,944
88,644
provisions
36,032
21,542
20,654
18,465
17,389
24,181
total long term liabilities
144,936
179,018
228,625
288,117
289,391
341,379
431,644
total liabilities
517,330
468,864
458,479
469,456
486,900
567,875
603,845
net assets
107,504
121,543
109,451
72,778
49,824
8,226
-12,627
total shareholders funds
107,504
121,543
109,451
72,778
49,824
8,226
-12,627
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Operating Activities
Operating Profit
1,081
31,810
60,783
44,199
68,324
47,397
-1,645
Depreciation
35,504
25,161
24,043
23,130
25,974
23,386
22,996
Amortisation
19,000
19,000
19,000
19,000
19,000
19,000
19,000
Tax
-2,836
-8,602
-5,384
-9,758
-4,891
Stock
2,500
2,800
600
-10,900
9,112
355
13,033
Debtors
26,130
63,651
3,605
34,294
-20,462
8,423
60,664
Creditors
86,192
62,124
55,404
1,347
-7,203
32,263
76,710
Accruals and Deferred Income
-10,727
3,015
-1,204
-26,048
-31,063
-29,464
95,491
Deferred Taxes & Provisions
14,490
888
2,189
1,076
-6,792
24,181
Cash flow from operations
116,910
72,711
147,408
33,926
69,832
103,094
138,855
Investing Activities
capital expenditure
-60,301
-38,057
-30,103
-14,453
-12,995
-42,248
-533,309
Change in Investments
cash flow from investments
-60,301
-38,057
-30,103
-14,453
-12,995
-42,248
-533,309
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-35,172
-41,734
-58,681
2,363
-56,279
-92,746
343,000
Hire Purchase and Lease Commitments
other long term liabilities
-13,400
-8,761
-3,000
-4,713
11,083
-21,700
88,644
share issue
100
interest
-15,120
-16,881
-15,508
-15,861
-16,969
-21,653
-11,082
cash flow from financing
-63,692
-67,376
-77,189
-18,211
-62,165
-136,099
420,662
cash and cash equivalents
cash
-37,870
34,431
9,793
3,952
-23,757
26,208
overdraft
7,083
-5,147
-5,685
8,531
9,279
51,496
change in cash
-7,083
-32,723
40,116
1,262
-5,327
-75,253
26,208
state fayre ltd 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 state fayre ltd. Get real-time insights into state fayre ltd's credit score, group structure and payment trends.
Perform a competitor analysis for state fayre ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in OL1 area or any other competitors across 12 key performance metrics.
state fayre ltd Ownership
STATE FAYRE LTD group structure
State Fayre Ltd has no subsidiary companies.
Ultimate parent company
STATE FAYRE LTD
10780289
STATE FAYRE LTD Shareholders
The largest shareholders in State Fayre Ltd include Ashirah Fagleman and Malka Reich.
ashirah fagleman
25%
malka reich
25%
isaac stefansky
25%
jonathan fagleman
25%
state fayre ltd directors
State Fayre Ltd currently has 2 directors.
The longest serving directors include
Mr Jonathan Fagleman (May 2017) and
Mr Isaac Stefansky (May 2017).
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
113 union street, oldham, OL1 1RU
Bank
-
Legal Advisor
-
state fayre 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 state fayre ltd.
state fayre 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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state fayre ltdCompanies House Filings - See Documents
