snack creations ltd
snack creations ltd Company Information
Company Number
11724356
Website
snackcreations.comRegistered Address
pasteur road, great yarmouth, NR31 0DW
Industry
Manufacture of other food products n.e.c.
Telephone
441493416300
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
milton webber limited 100%
snack creations ltd Estimated Valuation
Pomanda estimates the enterprise value of SNACK CREATIONS LTD at £21.4m based on a Turnover of £26.3m and 0.82x industry multiple (adjusted for size and gross margin).
snack creations ltd Estimated Valuation
Pomanda estimates the enterprise value of SNACK CREATIONS LTD at £12.6m based on an EBITDA of £2.1m and a 6.1x industry multiple (adjusted for size and gross margin).
snack creations ltd Estimated Valuation
Pomanda estimates the enterprise value of SNACK CREATIONS LTD at £12.8m based on Net Assets of £6.5m and 1.97x industry multiple (adjusted for liquidity).
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Snack Creations Ltd Overview
Snack Creations Ltd is a live company located in great yarmouth, NR31 0DW with a Companies House number of 11724356. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in December 2018, it's largest shareholder is milton webber limited with a 100% stake. Snack Creations Ltd is a young, large sized company, Pomanda has estimated its turnover at £26.3m with healthy growth in recent years.
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Snack Creations Ltd Health Check
Pomanda's financial health check has awarded Snack Creations Ltd a 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 £26.3m, make it in line with the average company (£23m)
£26.3m - Snack Creations Ltd
£23m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.5%)
10% - Snack Creations Ltd
6.5% - Industry AVG
Production
with a gross margin of 20.7%, this company has a comparable cost of product (24.7%)
20.7% - Snack Creations Ltd
24.7% - Industry AVG
Profitability
an operating margin of 4.6% make it more profitable than the average company (3.5%)
4.6% - Snack Creations Ltd
3.5% - Industry AVG
Employees
with 105 employees, this is similar to the industry average (117)
105 - Snack Creations Ltd
117 - Industry AVG
Pay Structure
on an average salary of £47.5k, the company has a higher pay structure (£36.3k)
£47.5k - Snack Creations Ltd
£36.3k - Industry AVG
Efficiency
resulting in sales per employee of £250.1k, this is more efficient (£208.1k)
£250.1k - Snack Creations Ltd
£208.1k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (49 days)
63 days - Snack Creations Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 91 days, this is slower than average (47 days)
91 days - Snack Creations Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 83 days, this is more than average (52 days)
83 days - Snack Creations Ltd
52 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (6 weeks)
10 weeks - Snack Creations Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.6%, this is a higher level of debt than the average (56.3%)
69.6% - Snack Creations Ltd
56.3% - Industry AVG
SNACK CREATIONS LTD financials
Snack Creations Ltd's latest turnover from October 2023 is £26.3 million and the company has net assets of £6.5 million. According to their latest financial statements, Snack Creations Ltd has 105 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Turnover | 26,258,079 | 22,301,513 | 19,004,305 | 19,551,926 | 13,630,957 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,816,253 | 16,986,758 | 14,141,740 | 14,777,177 | 10,302,150 |
| Gross Profit | 5,441,826 | 5,314,755 | 4,862,565 | 4,774,749 | 3,328,807 |
| Admin Expenses | 4,223,068 | 3,366,614 | 3,139,893 | 2,580,701 | 1,812,035 |
| Operating Profit | 1,218,758 | 1,948,141 | 1,722,672 | 2,194,048 | 1,516,772 |
| Interest Payable | 543,488 | 330,365 | 96,869 | 121,618 | 100,429 |
| Interest Receivable | 0 | 0 | 208 | 635 | 12 |
| Pre-Tax Profit | 675,270 | 1,617,776 | 1,626,011 | 2,073,065 | 1,416,355 |
| Tax | -13,365 | -20,955 | -389,252 | -266,627 | -229,766 |
| Profit After Tax | 661,905 | 1,596,821 | 1,236,759 | 1,806,438 | 1,186,589 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 661,905 | 1,596,821 | 1,236,759 | 1,806,438 | 1,186,589 |
| Employee Costs | 4,984,362 | 4,750,747 | 4,882,784 | 4,454,103 | 3,513,518 |
| Number Of Employees | 105 | 97 | 104 | 107 | 78 |
| EBITDA* | 2,069,071 | 2,597,937 | 1,978,273 | 2,412,024 | 1,647,725 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 8,838,699 | 7,135,392 | 7,210,468 | 1,915,355 | 1,346,118 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,838,699 | 7,135,392 | 7,210,468 | 1,915,355 | 1,346,118 |
| Stock & work in progress | 4,768,822 | 3,079,473 | 3,350,907 | 3,756,656 | 2,299,201 |
| Trade Debtors | 4,577,851 | 4,834,822 | 3,259,379 | 3,134,361 | 3,019,308 |
| Group Debtors | 549,325 | 3,657,224 | 884,559 | 1,702,282 | 0 |
| Misc Debtors | 715,037 | 658,727 | 588,949 | 143,845 | 97,694 |
| Cash | 1,901,725 | 1,704,403 | 1,667,005 | 1,512,057 | 1,263,649 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,512,760 | 13,934,649 | 9,750,799 | 10,249,201 | 6,679,852 |
| total assets | 21,351,459 | 21,070,041 | 16,961,267 | 12,164,556 | 8,025,970 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 862,857 | 862,857 | 0 | 0 | 0 |
| Trade Creditors | 5,195,793 | 4,845,112 | 3,350,411 | 3,018,869 | 1,985,677 |
| Group/Directors Accounts | 631,592 | 0 | 1,365,026 | 1,825,382 | 998,668 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,839,744 | 4,085,567 | 2,736,625 | 3,569,347 | 3,246,301 |
| total current liabilities | 9,529,986 | 9,793,536 | 7,452,062 | 8,413,598 | 6,230,646 |
| loans | 3,802,381 | 4,718,809 | 4,316,300 | 481,326 | 475,587 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,520,580 | 721,089 | 953,119 | 266,605 | 123,148 |
| total long term liabilities | 5,322,961 | 5,439,898 | 5,269,419 | 747,931 | 598,735 |
| total liabilities | 14,852,947 | 15,233,434 | 12,721,481 | 9,161,529 | 6,829,381 |
| net assets | 6,498,512 | 5,836,607 | 4,239,786 | 3,003,027 | 1,196,589 |
| total shareholders funds | 6,498,512 | 5,836,607 | 4,239,786 | 3,003,027 | 1,196,589 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 1,218,758 | 1,948,141 | 1,722,672 | 2,194,048 | 1,516,772 |
| Depreciation | 850,313 | 649,796 | 255,601 | 217,976 | 130,953 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -13,365 | -20,955 | -389,252 | -266,627 | -229,766 |
| Stock | 1,689,349 | -271,434 | -405,749 | 1,457,455 | 2,299,201 |
| Debtors | -3,308,560 | 4,417,886 | -247,601 | 1,863,486 | 3,117,002 |
| Creditors | 350,681 | 1,494,701 | 331,542 | 1,033,192 | 1,985,677 |
| Accruals and Deferred Income | -1,245,823 | 1,348,942 | -832,722 | 323,046 | 3,246,301 |
| Deferred Taxes & Provisions | 799,491 | -232,030 | 686,514 | 143,457 | 123,148 |
| Cash flow from operations | 3,579,266 | 1,042,143 | 2,427,705 | 324,151 | 1,356,882 |
| Investing Activities | |||||
| capital expenditure | -815,738 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -815,738 | ||||
| Financing Activities | |||||
| Bank loans | 0 | 862,857 | 0 | 0 | 0 |
| Group/Directors Accounts | 631,592 | -1,365,026 | -460,356 | 826,714 | 998,668 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -916,428 | 402,509 | 3,834,974 | 5,739 | 475,587 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -543,488 | -330,365 | -96,661 | -120,983 | -100,417 |
| cash flow from financing | -828,324 | -430,025 | 3,277,957 | 711,470 | 1,383,838 |
| cash and cash equivalents | |||||
| cash | 197,322 | 37,398 | 154,948 | 248,408 | 1,263,649 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 197,322 | 37,398 | 154,948 | 248,408 | 1,263,649 |
snack creations ltd Credit Report and Business Information
Snack Creations Ltd Competitor Analysis
Perform a competitor analysis for snack creations ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NR31 area or any other competitors across 12 key performance metrics.
snack creations ltd Ownership
SNACK CREATIONS LTD group structure
Snack Creations Ltd has no subsidiary companies.
snack creations ltd directors
Snack Creations Ltd currently has 3 directors. The longest serving directors include Mr Simon Webber (Dec 2018) and Mr Andrew Gunton (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Webber | England | 61 years | Dec 2018 | - | Director |
| Mr Andrew Gunton | United Kingdom | 49 years | Sep 2022 | - | Director |
| Mr Gordon Chetwood | 59 years | Sep 2022 | - | Director |
P&L
October 2023turnover
26.3m
+18%
operating profit
1.2m
-37%
gross margin
20.8%
-13.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
6.5m
+0.11%
total assets
21.4m
+0.01%
cash
1.9m
+0.12%
net assets
Total assets minus all liabilities
snack creations ltd company details
company number
11724356
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
December 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
ENSORS ACCOUNTANTS LLP
address
pasteur road, great yarmouth, NR31 0DW
Bank
-
Legal Advisor
-
snack creations 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 9 charges/mortgages relating to snack creations ltd. Currently there are 6 open charges and 3 have been satisfied in the past.
snack creations ltd Companies House Filings - See Documents
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