Favourit Foods Ltd

POWER SEARCH PRICING

SOLUTIONS

favourit foods ltd Company Information

Live

MatureSmallHealthy

Company Number

NI00R522

Next Accounts

Apr 2025

Industry

Manufacture of other food products n.e.c.

Directors

James Woods

Maria McAdorey

View All

Shareholders

gm marketing (ireland) limited

Group Structure

View All

Contact

Registered Address

9 hillview road, belfast, BT14 7BT

Website

http://martinfoods.co.uk

favourit foods ltd Estimated Valuation

£765.3k

Pomanda estimates the enterprise value of FAVOURIT FOODS LTD at £765.3k based on a Turnover of £1.3m and 0.57x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Favourit Foods Ltd is a live company located in belfast, BT14 7BT with a Companies House number of NI00R522. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in March 1915, it's largest shareholder is gm marketing (ireland) limited with a 100% stake. Favourit Foods Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Favourit Foods Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£21.6m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.2%)

EXPORT

Favourit Foods Ltd's latest turnover from July 2023 is estimated at £1.3 million and the company has net assets of -£162.1 thousand. According to their latest financial statements, Favourit Foods Ltd has 10 employees and maintains cash reserves of £4.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,346,599	1,176,812	585,392	915,601	1,054,880	930,769	742,891	744,912	311,693	241,827	256,513	236,246	436,046	471,409	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,011,769	874,561	426,791	681,162	784,591	694,509	553,740	552,250	233,403	179,685	192,417	178,867	327,147	351,438	0
Gross Profit	334,830	302,251	158,601	234,439	270,289	236,260	189,151	192,662	78,290	62,143	64,096	57,379	108,899	119,971	0
Admin Expenses	509,401	376,200	242,144	289,215	240,380	190,133	162,068	121,413	55,147	65,172	69,980	487,508	90,468	82,996	-586,524
Operating Profit	-174,571	-73,949	-83,543	-54,776	29,909	46,127	27,083	71,249	23,143	-3,029	-5,884	-430,129	18,431	36,975	586,524
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	275	79	3	0	0	0	0	36	105	77	121	1,202	2,125	1,978	979
Pre-Tax Profit	-174,296	-73,870	-83,540	-54,776	29,909	46,127	27,083	71,285	23,249	-2,952	-5,763	-428,927	20,555	38,953	587,503
Tax	0	0	0	0	-5,683	-8,764	-5,146	-14,257	-4,650	0	0	0	-5,344	-10,907	-164,501
Profit After Tax	-174,296	-73,870	-83,540	-54,776	24,226	37,363	21,937	57,028	18,599	-2,952	-5,763	-428,927	15,211	28,046	423,002
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-174,296	-73,870	-83,540	-54,776	24,226	37,363	21,937	57,028	18,599	-2,952	-5,763	-428,927	15,211	28,046	423,002
Employee Costs	370,413	314,958	166,632	137,276	200,005	168,760	133,731	159,959	60,790	60,362	59,644	57,048	85,571	84,648	0
Number Of Employees	10	9	5	4	6	5	4	5	2	2	2	2	3	3	0
EBITDA*	-136,719	-61,825	-77,490	-54,776	29,909	46,127	27,083	71,249	23,143	-550	-2,940	-430,129	18,431	36,975	586,524

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	183,671	159,626	54,620	16,909	32,470	25,399	27,374	11,532	9,398	11,084	11,342	12,279	10,279	12,696	16,236
Intangible Assets	20,747	17,181	3,066	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	204,418	176,807	57,686	16,909	32,470	25,399	27,374	11,532	9,398	11,084	11,342	12,279	10,279	12,696	16,236
Stock & work in progress	336,582	302,551	109,967	0	0	0	0	0	30,874	10,746	14,114	29,868	66,753	49,801	53,758
Trade Debtors	0	91,012	54,171	178,030	210,034	188,947	150,562	147,653	58,074	58,401	55,633	36,890	55,277	86,657	91,648
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,764	43,436	82,241	0	0	0	0	0	0	0	0	0	0	0	0
Cash	4,728	6,277	6,355	0	0	0	0	0	29,174	12,987	17,828	30,549	450,167	399,788	391,487
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	354,074	443,276	252,734	178,030	210,034	188,947	150,562	147,653	118,122	82,134	87,575	97,307	572,197	536,246	536,893
total assets	558,492	620,083	310,420	194,939	242,504	214,346	177,936	159,185	127,520	93,218	98,917	109,586	582,476	548,942	553,129
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	37,380	163,964	84,052	61,945	54,734	50,802	51,755	54,941	43,721	28,018	30,765	35,671	77,310	58,730	89,130
Group/Directors Accounts	599,515	360,681	101,855	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	31,168	30,810	33,682	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	668,063	555,455	219,589	61,945	54,734	50,802	51,755	54,941	43,721	28,018	30,765	35,671	77,310	58,730	89,130
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	22,808	0	0	0	0	0	0	0	0	0	0	0	2,324	0	0
provisions	29,750	23,703	4,794	0	0	0	0	0	0	0	0	0	0	2,581	4,414
total long term liabilities	52,558	23,703	4,794	0	0	0	0	0	0	0	0	0	2,324	2,581	4,414
total liabilities	720,621	579,158	224,383	61,945	54,734	50,802	51,755	54,941	43,721	28,018	30,765	35,671	79,634	61,311	93,544
net assets	-162,129	40,925	86,037	132,994	187,770	163,544	126,181	104,244	83,799	65,200	68,152	73,915	502,842	487,631	459,585
total shareholders funds	-162,129	40,925	86,037	132,994	187,770	163,544	126,181	104,244	83,799	65,200	68,152	73,915	502,842	487,631	459,585

	Jul 2023	Jul 2022	Jul 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-174,571	-73,949	-83,543	-54,776	29,909	46,127	27,083	71,249	23,143	-3,029	-5,884	-430,129	18,431	36,975	586,524
Depreciation	37,852	11,357	6,009	0	0	0	0	0	0	2,479	2,944	0	0	0	0
Amortisation	0	767	44	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-5,683	-8,764	-5,146	-14,257	-4,650	0	0	0	-5,344	-10,907	-164,501
Stock	34,031	192,584	109,967	0	0	0	0	-30,874	20,128	-3,368	-15,754	-36,885	16,952	-3,957	53,758
Debtors	-121,684	-1,964	-41,618	-32,004	21,087	38,385	2,909	89,579	-327	2,768	18,743	-18,387	-31,380	-4,991	91,648
Creditors	-126,584	79,912	22,107	7,211	3,932	-953	-3,186	11,220	15,703	-2,747	-4,906	-41,639	18,580	-30,400	89,130
Accruals and Deferred Income	358	-2,872	33,682	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	6,047	18,909	4,794	0	0	0	0	0	0	0	0	0	-2,581	-1,833	4,414
Cash flow from operations	-169,245	-156,496	-85,256	-15,561	7,071	-1,975	15,842	9,507	14,395	-2,697	-10,835	-416,496	43,514	2,783	370,161
Investing Activities
capital expenditure	-65,463	-131,245	-46,830	15,561	-7,071	1,975	-15,842	-2,134	1,686	-2,221	-2,007	-2,000	2,417	3,540	-16,236
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-65,463	-131,245	-46,830	15,561	-7,071	1,975	-15,842	-2,134	1,686	-2,221	-2,007	-2,000	2,417	3,540	-16,236
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	238,834	258,826	101,855	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	22,808	0	0	0	0	0	0	0	0	0	0	-2,324	2,324	0	0
share issue	-28,758	28,758	36,583	0	0	0	0	-36,583	0	0	0	0	0	0	36,583
interest	275	79	3	0	0	0	0	36	105	77	121	1,202	2,125	1,978	979
cash flow from financing	233,159	287,663	138,441	0	0	0	0	-36,547	105	77	121	-1,122	4,449	1,978	37,562
cash and cash equivalents
cash	-1,549	-78	6,355	0	0	0	0	-29,174	16,187	-4,841	-12,721	-419,618	50,379	8,301	391,487
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,549	-78	6,355	0	0	0	0	-29,174	16,187	-4,841	-12,721	-419,618	50,379	8,301	391,487

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for favourit foods ltd. Get real-time insights into favourit foods ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for favourit foods ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BT14 area or any other competitors across 12 key performance metrics.

FAVOURIT FOODS LTD group structure

Favourit Foods Ltd has no subsidiary companies.

Ultimate parent company

GM MARKETING (IRELAND) LIMITED

NI051184

1 parent

FAVOURIT FOODS LTD

NI00R522

FAVOURIT FOODS LTD Shareholders

gm marketing (ireland) limited

100%

Favourit Foods Ltd currently has 3 directors. The longest serving directors include Mr James Woods (Jan 2021) and Mrs Maria McAdorey (Jan 2021).

officer	country	age	start	end	role
Mr James Woods	Northern Ireland	41 years	Jan 2021	-	Director
Mrs Maria McAdorey	United Kingdom	53 years	Jan 2021	-	Director
Mr Gerard McAdorey	Northern Ireland	55 years	Jan 2021	-	Director

P&L

July 2023

turnover

1.3m

+14%

operating profit

-174.6k

gross margin

24.9%

-3.19%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2023

net assets

-162.1k

-4.96%

total assets

558.5k

-0.1%

cash

4.7k

-0.25%

net assets

Total assets minus all liabilities

Similar Companies

coolmar kells ltd

karolina int foods ltd

mckee's farm shop limited

4.5

george mewes ltd

halo 7 limited

company number

NI00R522

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

March 1915

ultimate parent company

GM MARKETING (IRELAND) LIMITED

previous names

martin manufacturing company, limited - the (December 2014)

address

9 hillview road, belfast, BT14 7BT

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 4 charges/mortgages relating to favourit foods ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for FAVOURIT FOODS LTD. This can take several minutes, an email will notify you when this has completed.

favourit foods ltd Company Information

favourit foods ltd Estimated Valuation

favourit foods ltd Estimated Valuation

favourit foods ltd Estimated Valuation

Favourit Foods Ltd Overview

Favourit Foods Ltd Health Check

FAVOURIT FOODS LTD financials

favourit foods ltd Credit Report and Business Information

Favourit Foods Ltd Competitor Analysis

favourit foods ltd Ownership

favourit foods ltd directors

favourit foods ltd company details

favourit foods ltd Charges & Mortgages

favourit foods ltd Capital Raised & Share Issues BETA

favourit foods ltd Companies House Filings - See Documents