avara foods limited
avara foods limited Company Information
Company Number
10973868
Next Accounts
Feb 2025
Industry
Processing and preserving of poultry meat
Shareholders
avara foods holdings limited
Group Structure
View All
Contact
Registered Address
1 willow road, brackley, northamptonshire, NN13 7EX
Website
www.avarafoods.co.ukavara foods limited Estimated Valuation
Pomanda estimates the enterprise value of AVARA FOODS LIMITED at £781.7m based on a Turnover of £1.5b and 0.52x industry multiple (adjusted for size and gross margin).
avara foods limited Estimated Valuation
Pomanda estimates the enterprise value of AVARA FOODS LIMITED at £119.4m based on an EBITDA of £20.8m and a 5.74x industry multiple (adjusted for size and gross margin).
avara foods limited Estimated Valuation
Pomanda estimates the enterprise value of AVARA FOODS LIMITED at £599.3m based on Net Assets of £287m and 2.09x industry multiple (adjusted for liquidity).
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Avara Foods Limited Overview
Avara Foods Limited is a live company located in northamptonshire, NN13 7EX with a Companies House number of 10973868. It operates in the processing and preserving of poultry meat sector, SIC Code 10120. Founded in September 2017, it's largest shareholder is avara foods holdings limited with a 100% stake. Avara Foods Limited is a young, mega sized company, Pomanda has estimated its turnover at £1.5b with healthy growth in recent years.
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Avara Foods Limited Health Check
Pomanda's financial health check has awarded Avara Foods Limited 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
5 Regular
3 Weak
Size
annual sales of £1.5b, make it larger than the average company (£75.3m)
£1.5b - Avara Foods Limited
£75.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.8%)
8% - Avara Foods Limited
8.8% - Industry AVG
Production
with a gross margin of 7%, this company has a higher cost of product (11.2%)
7% - Avara Foods Limited
11.2% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (1.2%)
-0.7% - Avara Foods Limited
1.2% - Industry AVG
Employees
with 6475 employees, this is above the industry average (206)
6475 - Avara Foods Limited
206 - Industry AVG
Pay Structure
on an average salary of £32.5k, the company has an equivalent pay structure (£32.4k)
£32.5k - Avara Foods Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £233.2k, this is equally as efficient (£220.4k)
£233.2k - Avara Foods Limited
£220.4k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is near the average (28 days)
22 days - Avara Foods Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (29 days)
14 days - Avara Foods Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is in line with average (16 days)
17 days - Avara Foods Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (5 weeks)
10 weeks - Avara Foods Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.6%, this is a lower level of debt than the average (56%)
31.6% - Avara Foods Limited
56% - Industry AVG
AVARA FOODS LIMITED financials
Avara Foods Limited's latest turnover from May 2023 is £1.5 billion and the company has net assets of £287 million. According to their latest financial statements, Avara Foods Limited has 6,475 employees and maintains cash reserves of £27.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 1,510,233,863 | 1,262,686,704 | 1,193,975,981 | 1,206,987,155 | 1,142,757,219 | 523,842,473 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,404,539,795 | 1,184,233,491 | 1,073,207,815 | 1,090,089,327 | 1,036,567,604 | 474,696,822 |
| Gross Profit | 105,694,068 | 78,453,213 | 120,768,166 | 116,897,828 | 106,189,615 | 49,145,651 |
| Admin Expenses | 117,091,883 | 99,732,516 | 97,814,209 | 100,837,714 | 92,038,890 | 37,748,382 |
| Operating Profit | -11,397,815 | -21,279,303 | 22,953,957 | 16,060,114 | 14,150,725 | 11,397,269 |
| Interest Payable | 1,088,434 | 343,542 | 266,775 | 503,841 | 525,383 | 103,072 |
| Interest Receivable | 225,270 | 260,781 | 40,021 | 104,542 | 76,081 | 41,613 |
| Pre-Tax Profit | -12,260,979 | -21,362,064 | 22,727,203 | 15,660,815 | 13,701,423 | 11,335,810 |
| Tax | -495,762 | 5,247,548 | -5,827,667 | -4,491,251 | -2,905,540 | 3,129,847 |
| Profit After Tax | -12,756,741 | -16,114,516 | 16,899,536 | 11,169,564 | 10,795,883 | 14,465,657 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -12,756,741 | -16,114,516 | 16,899,536 | 11,169,564 | 10,795,883 | 14,465,657 |
| Employee Costs | 210,640,693 | 205,544,176 | 198,895,819 | 190,561,569 | 175,439,452 | 76,465,132 |
| Number Of Employees | 6,475 | 6,439 | 6,783 | 6,644 | 6,385 | 4,524 |
| EBITDA* | 20,789,627 | 9,102,724 | 52,071,028 | 42,226,183 | 38,583,725 | 22,695,870 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 177,064,709 | 200,311,049 | 212,836,608 | 211,418,859 | 206,543,497 | 200,829,443 |
| Intangible Assets | 2,326,989 | 3,551,445 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 555 | 70,349 |
| Total Fixed Assets | 179,391,698 | 203,862,494 | 212,836,608 | 211,418,859 | 206,544,052 | 200,899,792 |
| Stock & work in progress | 65,648,684 | 69,896,043 | 69,255,576 | 75,933,265 | 68,353,333 | 71,043,488 |
| Trade Debtors | 94,654,206 | 99,010,778 | 118,999,576 | 103,899,309 | 110,001,759 | 79,601,119 |
| Group Debtors | 0 | 658,446 | 658,446 | 658,446 | 658,447 | 513,591 |
| Misc Debtors | 52,301,098 | 47,900,173 | 12,218,069 | 11,023,224 | 14,411,490 | 21,615,057 |
| Cash | 27,487,556 | 16,056,786 | 6,905,984 | 10,128,934 | 12,796,689 | 8,194,582 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 240,091,544 | 233,522,226 | 208,037,651 | 201,643,178 | 206,221,718 | 180,967,837 |
| total assets | 419,483,242 | 437,384,720 | 420,874,259 | 413,062,037 | 412,765,770 | 381,867,629 |
| Bank overdraft | 0 | 15,000,000 | 0 | 0 | 18,366,813 | 8,667,493 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 54,268,919 | 64,581,010 | 76,096,538 | 66,265,881 | 66,001,959 | 58,093,924 |
| Group/Directors Accounts | 19,341,554 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 18,297 |
| other current liabilities | 57,583,021 | 57,249,199 | 25,770,167 | 27,339,991 | 25,930,384 | 34,924,963 |
| total current liabilities | 131,193,494 | 136,830,209 | 101,866,705 | 93,605,872 | 110,299,156 | 101,704,677 |
| loans | 0 | 0 | 0 | 12,000,000 | 12,000,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,274,848 | 782,870 | 3,121,397 | 8,469,544 | 2,649,557 | 3,141,778 |
| total long term liabilities | 1,274,848 | 782,870 | 3,121,397 | 20,469,544 | 14,649,557 | 3,141,778 |
| total liabilities | 132,468,342 | 137,613,079 | 104,988,102 | 114,075,416 | 124,948,713 | 104,846,455 |
| net assets | 287,014,900 | 299,771,641 | 315,886,157 | 298,986,621 | 287,817,057 | 277,021,174 |
| total shareholders funds | 287,014,900 | 299,771,641 | 315,886,157 | 298,986,621 | 287,817,057 | 277,021,174 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -11,397,815 | -21,279,303 | 22,953,957 | 16,060,114 | 14,150,725 | 11,397,269 |
| Depreciation | 32,187,442 | 30,382,027 | 29,117,071 | 26,166,069 | 24,433,000 | 11,298,601 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -495,762 | 5,247,548 | -5,827,667 | -4,491,251 | -2,905,540 | 3,129,847 |
| Stock | -4,247,359 | 640,467 | -6,677,689 | 7,579,932 | -2,690,155 | 71,043,488 |
| Debtors | -614,093 | 15,693,306 | 16,295,112 | -9,491,272 | 23,272,135 | 101,800,116 |
| Creditors | -10,312,091 | -11,515,528 | 9,830,657 | 263,922 | 7,908,035 | 58,093,924 |
| Accruals and Deferred Income | 333,822 | 31,479,032 | -1,569,824 | 1,409,607 | -8,994,579 | 34,924,963 |
| Deferred Taxes & Provisions | 491,978 | -2,338,527 | -5,348,147 | 5,819,987 | -492,221 | 3,141,778 |
| Cash flow from operations | 15,669,026 | 15,641,476 | 39,538,624 | 47,139,788 | 13,517,440 | -50,857,222 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -9,765,320 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -9,765,320 |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 19,341,554 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -12,000,000 | 0 | 12,000,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -18,297 | 18,297 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -863,164 | -82,761 | -226,754 | -399,299 | -449,302 | -61,459 |
| cash flow from financing | 18,478,390 | -82,761 | -12,226,754 | -399,299 | 11,532,401 | 262,512,355 |
| cash and cash equivalents | ||||||
| cash | 11,430,770 | 9,150,802 | -3,222,950 | -2,667,755 | 4,602,107 | 8,194,582 |
| overdraft | -15,000,000 | 15,000,000 | 0 | -18,366,813 | 9,699,320 | 8,667,493 |
| change in cash | 26,430,770 | -5,849,198 | -3,222,950 | 15,699,058 | -5,097,213 | -472,911 |
avara foods limited Credit Report and Business Information
Avara Foods Limited Competitor Analysis
Perform a competitor analysis for avara foods limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN13 area or any other competitors across 12 key performance metrics.
avara foods limited Ownership
AVARA FOODS LIMITED group structure
Avara Foods Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
AVARA FOODS LIMITED
10973868
2 subsidiaries
avara foods limited directors
Avara Foods Limited currently has 6 directors. The longest serving directors include Mr Andrew Dawkins (Sep 2017) and Mr Philip Proud (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Dawkins | England | 63 years | Sep 2017 | - | Director |
| Mr Philip Proud | United Kingdom | 67 years | Jan 2018 | - | Director |
| Mr Andrew Brodie | 53 years | Jan 2018 | - | Director | |
| Mr Christopher Hall | 58 years | Jan 2018 | - | Director | |
| Mr David Neilson | England | 50 years | Oct 2021 | - | Director |
| Mr David Hidson | 58 years | Apr 2023 | - | Director |
P&L
May 2023turnover
1.5b
+20%
operating profit
-11.4m
-46%
gross margin
7%
+12.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
287m
-0.04%
total assets
419.5m
-0.04%
cash
27.5m
+0.71%
net assets
Total assets minus all liabilities
avara foods limited company details
company number
10973868
Type
Private limited with Share Capital
industry
10120 - Processing and preserving of poultry meat
incorporation date
September 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2023
previous names
viking foods (intermediate holdco) limited (January 2018)
accountant
-
auditor
WHITLEY STIMPSON LIMITED
address
1 willow road, brackley, northamptonshire, NN13 7EX
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
avara foods 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 3 charges/mortgages relating to avara foods limited. Currently there are 3 open charges and 0 have been satisfied in the past.
avara foods limited Companies House Filings - See Documents
| date | description | view/download |
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