need for feed ltd
need for feed ltd Company Information
Company Number
11105840
Website
www.needforfeed.orgRegistered Address
143 wyndhurst road, birmingham, B33 9JL
Industry
Take away food shops and mobile food stands
Unlicensed restaurants and cafes
Telephone
01212435794
Next Accounts Due
September 2025
Group Structure
View All
Directors
Sarah Jones-Birch6 Years
Shareholders
sarah jones-birch 100%
need for feed ltd Estimated Valuation
Pomanda estimates the enterprise value of NEED FOR FEED LTD at £41k based on a Turnover of £73.5k and 0.56x industry multiple (adjusted for size and gross margin).
need for feed ltd Estimated Valuation
Pomanda estimates the enterprise value of NEED FOR FEED LTD at £10.2k based on an EBITDA of £2.8k and a 3.7x industry multiple (adjusted for size and gross margin).
need for feed ltd Estimated Valuation
Pomanda estimates the enterprise value of NEED FOR FEED LTD at £0 based on Net Assets of £-18.7k and 2.98x industry multiple (adjusted for liquidity).
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Need For Feed Ltd Overview
Need For Feed Ltd is a live company located in birmingham, B33 9JL with a Companies House number of 11105840. It operates in the unlicenced restaurants and cafes sector, SIC Code 56102. Founded in December 2017, it's largest shareholder is sarah jones-birch with a 100% stake. Need For Feed Ltd is a young, micro sized company, Pomanda has estimated its turnover at £73.5k with declining growth in recent years.
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Need For Feed Ltd Health Check
Pomanda's financial health check has awarded Need For Feed Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £73.5k, make it smaller than the average company (£522.7k)
- Need For Feed Ltd
£522.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (10.4%)
- Need For Feed Ltd
10.4% - Industry AVG
Production
with a gross margin of 27.5%, this company has a higher cost of product (50%)
- Need For Feed Ltd
50% - Industry AVG
Profitability
an operating margin of 3.8% make it more profitable than the average company (3.1%)
- Need For Feed Ltd
3.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (21)
3 - Need For Feed Ltd
21 - Industry AVG
Pay Structure
on an average salary of £14.1k, the company has an equivalent pay structure (£14.1k)
- Need For Feed Ltd
£14.1k - Industry AVG
Efficiency
resulting in sales per employee of £24.5k, this is less efficient (£46.6k)
- Need For Feed Ltd
£46.6k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (18 days)
- Need For Feed Ltd
18 days - Industry AVG
Creditor Days
its suppliers are paid after 137 days, this is slower than average (26 days)
- Need For Feed Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Need For Feed Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Need For Feed Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 609.9%, this is a higher level of debt than the average (78%)
609.9% - Need For Feed Ltd
78% - Industry AVG
NEED FOR FEED LTD financials
Need For Feed Ltd's latest turnover from December 2023 is estimated at £73.5 thousand and the company has net assets of -£18.7 thousand. According to their latest financial statements, Need For Feed Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 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 | 3 | 4 | 4 | 6 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,551 | 2,144 | 3,032 | 4,042 | 5,590 | 6,751 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,551 | 2,144 | 3,032 | 4,042 | 5,590 | 6,751 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,117 | 3,548 | 6,055 | 569 | 794 | 1,339 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,117 | 3,548 | 6,055 | 569 | 794 | 1,339 |
| total assets | 3,668 | 5,692 | 9,087 | 4,611 | 6,384 | 8,090 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,055 | 24,156 | 21,347 | 16,828 | 18,132 | 14,703 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 20,055 | 24,156 | 21,347 | 16,828 | 18,132 | 14,703 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,315 | 2,315 | 2,315 | 2,315 | 865 | 700 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,315 | 2,315 | 2,315 | 2,315 | 865 | 700 |
| total liabilities | 22,370 | 26,471 | 23,662 | 19,143 | 18,997 | 15,403 |
| net assets | -18,702 | -20,779 | -14,575 | -14,532 | -12,613 | -7,313 |
| total shareholders funds | -18,702 | -20,779 | -14,575 | -14,532 | -12,613 | -7,313 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,431 | -2,507 | 5,486 | -225 | -545 | 1,339 |
| Creditors | -4,101 | 2,809 | 4,519 | -1,304 | 3,429 | 14,703 |
| Accruals and Deferred Income | 0 | 0 | 0 | 1,450 | 165 | 700 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
need for feed ltd Credit Report and Business Information
Need For Feed Ltd Competitor Analysis
Perform a competitor analysis for need for feed ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in B33 area or any other competitors across 12 key performance metrics.
need for feed ltd Ownership
NEED FOR FEED LTD group structure
Need For Feed Ltd has no subsidiary companies.
Ultimate parent company
NEED FOR FEED LTD
11105840
need for feed ltd directors
Need For Feed Ltd currently has 1 director, Miss Sarah Jones-Birch serving since Dec 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Sarah Jones-Birch | United Kingdom | 29 years | Dec 2017 | - | Director |
P&L
December 2023turnover
73.5k
-19%
operating profit
2.8k
0%
gross margin
27.6%
-6.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-18.7k
-0.1%
total assets
3.7k
-0.36%
cash
0
0%
net assets
Total assets minus all liabilities
need for feed ltd company details
company number
11105840
Type
Private limited with Share Capital
industry
56210 - Event catering activities
56103 - Take away food shops and mobile food stands
56102 - Unlicensed restaurants and cafes
incorporation date
December 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
BARRON & CO LTD
auditor
-
address
143 wyndhurst road, birmingham, B33 9JL
Bank
-
Legal Advisor
-
need for feed 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 need for feed ltd.
need for feed ltd Companies House Filings - See Documents
| date | description | view/download |
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