reach food service ltd
reach food service ltd Company Information
Company Number
11478652
Website
www.reach-food.comRegistered Address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Industry
Processing and preserving of fish, crustaceans and molluscs
Wholesale of other food, including fish, crustaceans and molluscs
Telephone
442035889999
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
reach food group s.a.r.l 100%
reach food service ltd Estimated Valuation
Pomanda estimates the enterprise value of REACH FOOD SERVICE LTD at £34m based on a Turnover of £30.5m and 1.12x industry multiple (adjusted for size and gross margin).
reach food service ltd Estimated Valuation
Pomanda estimates the enterprise value of REACH FOOD SERVICE LTD at £5.2m based on an EBITDA of £613.7k and a 8.55x industry multiple (adjusted for size and gross margin).
reach food service ltd Estimated Valuation
Pomanda estimates the enterprise value of REACH FOOD SERVICE LTD at £18.9m based on Net Assets of £7.6m and 2.48x industry multiple (adjusted for liquidity).
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Reach Food Service Ltd Overview
Reach Food Service Ltd is a live company located in cheshire, WA14 2DT with a Companies House number of 11478652. It operates in the processing and preserving of fish, crustaceans and molluscs sector, SIC Code 10200. Founded in July 2018, it's largest shareholder is reach food group s.a.r.l with a 100% stake. Reach Food Service Ltd is a young, large sized company, Pomanda has estimated its turnover at £30.5m with rapid growth in recent years.
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Reach Food Service Ltd Health Check
Pomanda's financial health check has awarded Reach Food Service Ltd a 4.5 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 £30.5m, make it larger than the average company (£16.9m)
£30.5m - Reach Food Service Ltd
£16.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (5.5%)
37% - Reach Food Service Ltd
5.5% - Industry AVG
Production
with a gross margin of 20%, this company has a comparable cost of product (17.4%)
20% - Reach Food Service Ltd
17.4% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (2.5%)
0.9% - Reach Food Service Ltd
2.5% - Industry AVG
Employees
with 114 employees, this is above the industry average (47)
114 - Reach Food Service Ltd
47 - Industry AVG
Pay Structure
on an average salary of £38.6k, the company has a higher pay structure (£30.1k)
£38.6k - Reach Food Service Ltd
£30.1k - Industry AVG
Efficiency
resulting in sales per employee of £267.3k, this is equally as efficient (£301.8k)
£267.3k - Reach Food Service Ltd
£301.8k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (30 days)
52 days - Reach Food Service Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (23 days)
35 days - Reach Food Service Ltd
23 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (27 days)
51 days - Reach Food Service Ltd
27 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (17 weeks)
15 weeks - Reach Food Service Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.2%, this is a lower level of debt than the average (63.3%)
35.2% - Reach Food Service Ltd
63.3% - Industry AVG
REACH FOOD SERVICE LTD financials
Reach Food Service Ltd's latest turnover from December 2023 is £30.5 million and the company has net assets of £7.6 million. According to their latest financial statements, Reach Food Service Ltd has 114 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 30,471,436 | 32,106,420 | 24,274,685 | 11,943,054 | 9,933,509 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 24,369,462 | 26,501,254 | 19,650,515 | 10,290,340 | 8,517,691 |
| Gross Profit | 6,101,974 | 5,605,166 | 4,624,170 | 1,652,714 | 1,415,818 |
| Admin Expenses | 5,828,124 | 5,541,195 | 4,328,907 | 3,884,934 | 3,507,781 |
| Operating Profit | 273,850 | 63,971 | 295,263 | -2,232,220 | -2,091,963 |
| Interest Payable | 20,865 | 22,637 | 235,812 | 180,425 | 157,620 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 252,985 | 41,334 | 1,258,936 | -2,412,645 | -2,249,583 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 252,985 | 41,334 | 1,258,936 | -2,412,645 | -2,249,583 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 252,985 | 41,334 | 1,258,936 | -2,412,645 | -2,249,583 |
| Employee Costs | 4,396,261 | 4,094,574 | 3,360,756 | 2,815,899 | |
| Number Of Employees | 114 | 110 | 94 | 80 | 33 |
| EBITDA* | 613,673 | 371,209 | 593,802 | -1,936,476 | -2,000,602 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,521,837 | 1,744,517 | 1,795,828 | 1,872,871 | 1,983,297 |
| Intangible Assets | 12,307 | 13,554 | 3,250 | 4,250 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,534,144 | 1,758,071 | 1,799,078 | 1,877,121 | 1,983,297 |
| Stock & work in progress | 3,423,159 | 3,909,386 | 1,922,779 | 2,030,764 | 2,020,722 |
| Trade Debtors | 4,413,565 | 5,586,307 | 5,930,460 | 2,303,572 | 1,741,392 |
| Group Debtors | 98,887 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,193,183 | 627,291 | 727,971 | 374,333 | 769,056 |
| Cash | 1,115,389 | 525,561 | 783,508 | 509,529 | 130,172 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,244,183 | 10,648,545 | 9,364,718 | 5,218,198 | 4,661,342 |
| total assets | 11,778,327 | 12,406,616 | 11,163,796 | 7,095,319 | 6,644,639 |
| Bank overdraft | 497,596 | 903,275 | 0 | 0 | 1,015,311 |
| Bank loan | 0 | 0 | 511,060 | 513,825 | 0 |
| Trade Creditors | 2,386,758 | 2,836,899 | 2,664,945 | 810,716 | 941,421 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 254,565 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 8,208 | 8,208 | 0 | 0 | 0 |
| other current liabilities | 829,572 | 780,139 | 410,822 | 1,141,360 | 256,913 |
| total current liabilities | 3,722,134 | 4,528,521 | 3,586,827 | 2,465,901 | 2,468,210 |
| loans | 0 | 0 | 0 | 0 | 6,425,912 |
| hp & lease commitments | 445 | 8,040 | 23,466 | 30,309 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 207,926 | 275,218 | 10,746,695 | 9,261,237 | 0 |
| provisions | 210,000 | 210,000 | 210,000 | 0 | 0 |
| total long term liabilities | 418,371 | 493,258 | 10,980,161 | 9,291,546 | 6,425,912 |
| total liabilities | 4,140,505 | 5,021,779 | 14,566,988 | 11,757,447 | 8,894,122 |
| net assets | 7,637,822 | 7,384,837 | -3,403,192 | -4,662,128 | -2,249,483 |
| total shareholders funds | 7,637,822 | 7,384,837 | -3,403,192 | -4,662,128 | -2,249,483 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 273,850 | 63,971 | 295,263 | -2,232,220 | -2,091,963 |
| Depreciation | 335,890 | 304,886 | 297,539 | 294,994 | 91,361 |
| Amortisation | 3,933 | 2,352 | 1,000 | 750 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | -486,227 | 1,986,607 | -107,985 | 10,042 | 2,020,722 |
| Debtors | -507,963 | -444,833 | 3,980,526 | 167,457 | 2,510,448 |
| Creditors | -450,141 | 171,954 | 1,854,229 | -130,705 | 941,421 |
| Accruals and Deferred Income | 49,433 | 369,317 | -730,538 | 884,447 | 256,913 |
| Deferred Taxes & Provisions | 0 | 0 | 210,000 | 0 | 0 |
| Cash flow from operations | 1,207,155 | -629,294 | -1,945,048 | -1,360,233 | -5,333,438 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | |
| Financing Activities | |||||
| Bank loans | 0 | -511,060 | -2,765 | 513,825 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -254,565 | 254,565 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -6,425,912 | 6,425,912 |
| Hire Purchase and Lease Commitments | -7,595 | -7,218 | -6,843 | 30,309 | 0 |
| other long term liabilities | -67,292 | -10,471,477 | 1,485,458 | 9,261,237 | 0 |
| share issue | |||||
| interest | -20,865 | -22,637 | -235,812 | -180,425 | -157,620 |
| cash flow from financing | -95,752 | -265,697 | 1,240,038 | 2,944,469 | 6,522,957 |
| cash and cash equivalents | |||||
| cash | 589,828 | -257,947 | 273,979 | 379,357 | 130,172 |
| overdraft | -405,679 | 903,275 | 0 | -1,015,311 | 1,015,311 |
| change in cash | 995,507 | -1,161,222 | 273,979 | 1,394,668 | -885,139 |
reach food service ltd Credit Report and Business Information
Reach Food Service Ltd Competitor Analysis
Perform a competitor analysis for reach food service ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in WA14 area or any other competitors across 12 key performance metrics.
reach food service ltd Ownership
REACH FOOD SERVICE LTD group structure
Reach Food Service Ltd has no subsidiary companies.
Ultimate parent company
REACH FOOD GROUP SARL
#0154391
1 parent
REACH FOOD SERVICE LTD
11478652
reach food service ltd directors
Reach Food Service Ltd currently has 3 directors. The longest serving directors include Mr Abbas Lalljee (Aug 2019) and Mr Carl Cecil (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Abbas Lalljee | Monaco | 42 years | Aug 2019 | - | Director |
| Mr Carl Cecil | United Kingdom | 55 years | Sep 2019 | - | Director |
| Vennessa Tsui | United Kingdom | 42 years | Mar 2021 | - | Director |
P&L
December 2023turnover
30.5m
-5%
operating profit
273.9k
+328%
gross margin
20.1%
+14.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.6m
+0.03%
total assets
11.8m
-0.05%
cash
1.1m
+1.12%
net assets
Total assets minus all liabilities
Similar Companies
reach food service ltd company details
company number
11478652
Type
Private limited with Share Capital
industry
10200 - Processing and preserving of fish, crustaceans and molluscs
46380 - Wholesale of other food, including fish, crustaceans and molluscs
47230 - Retail sale of fish, crustaceans and molluscs in specialised stores
incorporation date
July 2018
age
6
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
UHY HACKER YOUNG
address
3rd floor 1 ashley road, altrincham, cheshire, WA14 2DT
Bank
HBL BANK UK LIMITED, HBL BANK UK LIMITED, HBL BANK UK LIMITED
Legal Advisor
HOWARD KENNEDY LLP
reach food service 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 found 1 charges/mortgages relating to reach food service ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
reach food service ltd Companies House Filings - See Documents
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