gressingham smithfield limited
gressingham smithfield limited Company Information
Company Number
11452800
Website
www.gressinghamduck.co.ukRegistered Address
loomswood farm hasketon, woodbridge, suffolk, IP13 6JW
Industry
Wholesale of meat and meat products
Telephone
01473735456
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
geoffrey maurice buchanan 40%
william edwin buchanan 40%
View Allgressingham smithfield limited Estimated Valuation
Pomanda estimates the enterprise value of GRESSINGHAM SMITHFIELD LIMITED at £38.9m based on a Turnover of £77.9m and 0.5x industry multiple (adjusted for size and gross margin).
gressingham smithfield limited Estimated Valuation
Pomanda estimates the enterprise value of GRESSINGHAM SMITHFIELD LIMITED at £33.9m based on an EBITDA of £4.9m and a 6.95x industry multiple (adjusted for size and gross margin).
gressingham smithfield limited Estimated Valuation
Pomanda estimates the enterprise value of GRESSINGHAM SMITHFIELD LIMITED at £1.1m based on Net Assets of £1.1m and 1.07x industry multiple (adjusted for liquidity).
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Gressingham Smithfield Limited Overview
Gressingham Smithfield Limited is a live company located in suffolk, IP13 6JW with a Companies House number of 11452800. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in July 2018, it's largest shareholder is geoffrey maurice buchanan with a 40% stake. Gressingham Smithfield Limited is a young, large sized company, Pomanda has estimated its turnover at £77.9m with rapid growth in recent years.
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Gressingham Smithfield Limited Health Check
Pomanda's financial health check has awarded Gressingham Smithfield Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £77.9m, make it larger than the average company (£24.2m)
£77.9m - Gressingham Smithfield Limited
£24.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (3.9%)
31% - Gressingham Smithfield Limited
3.9% - Industry AVG
Production
with a gross margin of 10.8%, this company has a comparable cost of product (12.5%)
10.8% - Gressingham Smithfield Limited
12.5% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (3%)
6.1% - Gressingham Smithfield Limited
3% - Industry AVG
Employees
with 73 employees, this is above the industry average (34)
73 - Gressingham Smithfield Limited
34 - Industry AVG
Pay Structure
on an average salary of £56.8k, the company has a higher pay structure (£38.6k)
£56.8k - Gressingham Smithfield Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£569.2k)
£1.1m - Gressingham Smithfield Limited
£569.2k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is later than average (33 days)
51 days - Gressingham Smithfield Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is slower than average (29 days)
33 days - Gressingham Smithfield Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (20 days)
3 days - Gressingham Smithfield Limited
20 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 - Gressingham Smithfield Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.9%, this is a higher level of debt than the average (58.1%)
94.9% - Gressingham Smithfield Limited
58.1% - Industry AVG
GRESSINGHAM SMITHFIELD LIMITED financials
Gressingham Smithfield Limited's latest turnover from December 2022 is £77.9 million and the company has net assets of £1.1 million. According to their latest financial statements, Gressingham Smithfield Limited has 73 employees and maintains cash reserves of £661.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 77,933,079 | 37,043,116 | 26,471,792 | 34,817,553 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 69,558,997 | 32,090,203 | 22,852,933 | 30,260,554 | ||
| Gross Profit | 8,374,082 | 4,952,913 | 3,618,859 | 4,556,999 | ||
| Admin Expenses | 3,622,316 | 3,983,419 | 3,530,258 | 4,894,407 | ||
| Operating Profit | 4,751,766 | 969,494 | 88,601 | -337,408 | ||
| Interest Payable | 201,414 | 73,681 | 64,194 | 120,292 | ||
| Interest Receivable | 272 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 4,550,624 | 895,813 | 24,407 | -457,700 | ||
| Tax | -752,182 | 151,274 | 214,891 | -121,065 | ||
| Profit After Tax | 3,798,442 | 1,047,087 | 239,298 | -578,765 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | ||
| Retained Profit | 3,798,442 | 1,047,087 | 239,298 | -578,765 | ||
| Employee Costs | 4,148,645 | 2,529,028 | 2,367,618 | 2,602,486 | ||
| Number Of Employees | 73 | 50 | 56 | 61 | ||
| EBITDA* | 4,883,273 | 1,022,053 | 136,802 | -243,446 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 5,660,835 | 2,616,857 | 2,494,735 | 2,504,955 | 0 | 0 |
| Intangible Assets | -1,778,436 | 41,588 | 0 | 20,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 1 | 0 |
| Debtors (Due After 1 year) | 35,145 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,917,544 | 2,658,445 | 2,494,735 | 2,524,955 | 1 | 0 |
| Stock & work in progress | 572,045 | 302,920 | 164,689 | 226,562 | 0 | 0 |
| Trade Debtors | 11,070,494 | 4,172,175 | 3,039,598 | 4,702,639 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 500,000 | 0 |
| Misc Debtors | 4,536,044 | 220,371 | 269,097 | 256,711 | 100 | 80 |
| Cash | 661,162 | 860,449 | 4,341 | 196,324 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 16,839,745 | 5,555,915 | 3,477,725 | 5,382,236 | 500,100 | 80 |
| total assets | 20,757,289 | 8,214,360 | 5,972,460 | 7,907,191 | 500,101 | 80 |
| Bank overdraft | 0 | 0 | 217,130 | 2,079 | 0 | 0 |
| Bank loan | 194,131 | 127,091 | 122,903 | 313,984 | 0 | 0 |
| Trade Creditors | 6,310,590 | 4,688,937 | 4,172,129 | 4,927,715 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 7,197,393 | 3,160,153 | 2,323,911 | 4,567,137 | 0 | 0 |
| hp & lease commitments | 69,354 | 16,880 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,587,880 | 537,671 | 359,473 | 230,938 | 500,001 | 0 |
| total current liabilities | 18,359,348 | 8,530,732 | 7,195,546 | 10,041,853 | 500,001 | 0 |
| loans | 371,745 | 2,144,488 | 2,269,259 | 1,382,090 | 0 | 0 |
| hp & lease commitments | 106,417 | 35,672 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 863,774 | 5,592 | 47,911 | 262,802 | 0 | 0 |
| total long term liabilities | 1,341,936 | 2,185,752 | 2,317,170 | 1,644,892 | 0 | 0 |
| total liabilities | 19,701,284 | 10,716,484 | 9,512,716 | 11,686,745 | 500,001 | 0 |
| net assets | 1,056,005 | -2,502,124 | -3,540,256 | -3,779,554 | 100 | 80 |
| total shareholders funds | 1,056,005 | -2,502,124 | -3,540,256 | -3,779,554 | 100 | 80 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 4,751,766 | 969,494 | 88,601 | -337,408 | ||
| Depreciation | 118,575 | 52,559 | 48,201 | 93,962 | 0 | 0 |
| Amortisation | 12,932 | 0 | 0 | 0 | 0 | 0 |
| Tax | -752,182 | 151,274 | 214,891 | -121,065 | ||
| Stock | 269,125 | 138,231 | -61,873 | 226,562 | 0 | 0 |
| Debtors | 11,249,137 | 1,083,851 | -1,650,655 | 4,459,250 | 500,100 | 80 |
| Creditors | 1,621,653 | 516,808 | -755,586 | 4,927,715 | 0 | 0 |
| Accruals and Deferred Income | 4,050,209 | 178,198 | 128,535 | -269,063 | 500,001 | 0 |
| Deferred Taxes & Provisions | 858,182 | -42,319 | -214,891 | 262,802 | 0 | 0 |
| Cash flow from operations | -857,127 | 603,932 | 1,222,279 | -128,869 | ||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||
| Change in Investments | 0 | 0 | 0 | -1 | 1 | 0 |
| cash flow from investments | 0 | 0 | 0 | 1 | ||
| Financing Activities | ||||||
| Bank loans | 67,040 | 4,188 | -191,081 | 313,984 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 4,037,240 | 836,242 | -2,243,226 | 4,567,137 | 0 | 0 |
| Long term loans | -1,772,743 | -124,771 | 887,169 | 1,382,090 | 0 | 0 |
| Hire Purchase and Lease Commitments | 123,219 | 52,552 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -201,142 | -73,681 | -64,194 | -120,292 | ||
| cash flow from financing | 2,013,301 | 685,575 | -1,611,332 | 2,942,030 | ||
| cash and cash equivalents | ||||||
| cash | -199,287 | 856,108 | -191,983 | 196,324 | 0 | 0 |
| overdraft | 0 | -217,130 | 215,051 | 2,079 | 0 | 0 |
| change in cash | -199,287 | 1,073,238 | -407,034 | 194,245 | 0 | 0 |
gressingham smithfield limited Credit Report and Business Information
Gressingham Smithfield Limited Competitor Analysis
Perform a competitor analysis for gressingham smithfield limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in IP13 area or any other competitors across 12 key performance metrics.
gressingham smithfield limited Ownership
GRESSINGHAM SMITHFIELD LIMITED group structure
Gressingham Smithfield Limited has 3 subsidiary companies.
Ultimate parent company
GRESSINGHAM SMITHFIELD LIMITED
11452800
3 subsidiaries
gressingham smithfield limited directors
Gressingham Smithfield Limited currently has 6 directors. The longest serving directors include Mr William Buchanan (Jul 2018) and Mr Steven Harley (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Buchanan | 56 years | Jul 2018 | - | Director | |
| Mr Steven Harley | 61 years | Jul 2018 | - | Director | |
| Mr Geoffrey Buchanan | 54 years | Jul 2018 | - | Director | |
| Mr Edward Whiffin | England | 29 years | Mar 2022 | - | Director |
| Mr Stephen Barber | United Kingdom | 42 years | May 2022 | - | Director |
| Mr Stephen Barber | 42 years | May 2022 | - | Director |
P&L
December 2022turnover
77.9m
+110%
operating profit
4.8m
+390%
gross margin
10.8%
-19.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.1m
-1.42%
total assets
20.8m
+1.53%
cash
661.2k
-0.23%
net assets
Total assets minus all liabilities
Similar Companies
gressingham smithfield limited company details
company number
11452800
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
incorporation date
July 2018
age
6
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
loomswood farm hasketon, woodbridge, suffolk, IP13 6JW
accountant
-
auditor
LARKING GOWEN LLP
gressingham smithfield 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 1 charges/mortgages relating to gressingham smithfield limited. Currently there are 1 open charges and 0 have been satisfied in the past.
gressingham smithfield limited Companies House Filings - See Documents
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