skea egg farms limited
skea egg farms limited Company Information
Company Number
NI031124
Website
www.skeaeggs.comRegistered Address
116 crom road, lisnaskea, enniskillen, fermanagh, BT92 0BN
Industry
Wholesale of dairy products, eggs and edible oils and fats
Telephone
02887761252
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ready egg products limited 100%
skea egg farms limited Estimated Valuation
Pomanda estimates the enterprise value of SKEA EGG FARMS LIMITED at £53m based on a Turnover of £101.6m and 0.52x industry multiple (adjusted for size and gross margin).
skea egg farms limited Estimated Valuation
Pomanda estimates the enterprise value of SKEA EGG FARMS LIMITED at £22.9m based on an EBITDA of £3.9m and a 5.94x industry multiple (adjusted for size and gross margin).
skea egg farms limited Estimated Valuation
Pomanda estimates the enterprise value of SKEA EGG FARMS LIMITED at £14.6m based on Net Assets of £13.6m and 1.07x industry multiple (adjusted for liquidity).
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Skea Egg Farms Limited Overview
Skea Egg Farms Limited is a live company located in enniskillen, BT92 0BN with a Companies House number of NI031124. It operates in the wholesale of dairy products, eggs and edible oils and fats sector, SIC Code 46330. Founded in July 1996, it's largest shareholder is ready egg products limited with a 100% stake. Skea Egg Farms Limited is a mature, mega sized company, Pomanda has estimated its turnover at £101.6m with healthy growth in recent years.
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Skea Egg Farms Limited Health Check
Pomanda's financial health check has awarded Skea Egg Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £101.6m, make it larger than the average company (£30.4m)
£101.6m - Skea Egg Farms Limited
£30.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5%)
12% - Skea Egg Farms Limited
5% - Industry AVG
Production
with a gross margin of 8%, this company has a higher cost of product (11.3%)
8% - Skea Egg Farms Limited
11.3% - Industry AVG
Profitability
an operating margin of 3.1% make it more profitable than the average company (1.7%)
3.1% - Skea Egg Farms Limited
1.7% - Industry AVG
Employees
with 140 employees, this is above the industry average (49)
140 - Skea Egg Farms Limited
49 - Industry AVG
Pay Structure
on an average salary of £27.6k, the company has a lower pay structure (£39.1k)
£27.6k - Skea Egg Farms Limited
£39.1k - Industry AVG
Efficiency
resulting in sales per employee of £725.5k, this is equally as efficient (£847k)
£725.5k - Skea Egg Farms Limited
£847k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (45 days)
36 days - Skea Egg Farms Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (31 days)
18 days - Skea Egg Farms Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (22 days)
7 days - Skea Egg Farms Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (7 weeks)
17 weeks - Skea Egg Farms Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.1%, this is a lower level of debt than the average (65.5%)
44.1% - Skea Egg Farms Limited
65.5% - Industry AVG
SKEA EGG FARMS LIMITED financials
Skea Egg Farms Limited's latest turnover from December 2022 is £101.6 million and the company has net assets of £13.6 million. According to their latest financial statements, Skea Egg Farms Limited has 140 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 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 | 101,572,714 | 69,639,500 | 67,436,192 | 71,966,667 | 68,434,386 | 66,724,103 | 63,271,766 | 61,678,010 | 61,029,466 | 57,775,833 | 51,637,860 | 45,053,477 | 35,440,368 | 29,715,916 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 93,478,675 | 64,609,176 | 60,859,602 | 65,184,260 | 61,759,217 | 60,177,641 | 57,297,379 | 54,864,982 | 55,434,995 | 53,219,409 | 47,034,363 | 32,065,726 | 26,726,389 | |
| Gross Profit | 8,094,039 | 5,030,324 | 6,576,590 | 6,782,407 | 6,675,169 | 6,546,462 | 5,974,387 | 6,813,028 | 5,594,471 | 4,556,424 | 4,603,497 | 3,374,642 | 2,989,527 | |
| Admin Expenses | 4,990,918 | 3,726,038 | 3,703,440 | 4,040,835 | 3,971,029 | 3,410,131 | 3,047,075 | 2,831,491 | 2,834,449 | 2,424,014 | 2,201,099 | 1,994,564 | 2,190,662 | |
| Operating Profit | 3,103,121 | 1,304,286 | 2,873,150 | 2,741,572 | 2,704,140 | 3,136,331 | 2,927,312 | 3,981,537 | 2,760,022 | 2,132,410 | 2,402,398 | 1,496,626 | 1,380,078 | 798,865 |
| Interest Payable | 1 | 2 | 3,056 | 2,197 | 151 | 0 | 81 | 341 | 3,834 | 14,578 | 838 | 6,596 | 978 | 694 |
| Interest Receivable | 10,457 | 9,644 | 69,096 | 81,131 | 53,435 | 38,305 | 46,309 | 48,139 | 14,382 | 40,732 | 16,436 | 0 | 420 | 461 |
| Pre-Tax Profit | 3,113,577 | 1,313,928 | 2,939,190 | 2,820,506 | 2,757,626 | 3,168,527 | 2,993,821 | 3,915,499 | 2,761,732 | 2,158,564 | 2,417,996 | 1,490,030 | 1,379,520 | 797,991 |
| Tax | -564,458 | -350,063 | -83,219 | 587,739 | -372,429 | -300,617 | -181,835 | -677,143 | -614,814 | -556,334 | -637,442 | -403,932 | -333,213 | -222,631 |
| Profit After Tax | 2,549,119 | 963,865 | 2,855,971 | 3,408,245 | 2,385,197 | 2,867,910 | 2,811,986 | 3,238,356 | 2,146,918 | 1,602,230 | 1,780,554 | 1,086,098 | 1,046,307 | 575,360 |
| Dividends Paid | 0 | 10,030,000 | 0 | 7,680,000 | 75,000 | 65,000 | 70,000 | 380,000 | 100,000 | 130,000 | 0 | 160,000 | 0 | 0 |
| Retained Profit | 2,549,119 | -9,066,135 | 2,855,971 | -4,271,755 | 2,310,197 | 2,802,910 | 2,741,986 | 2,858,356 | 2,046,918 | 1,472,230 | 1,780,554 | 926,098 | 1,046,307 | 575,360 |
| Employee Costs | 3,865,661 | 3,160,723 | 3,004,330 | 2,855,049 | 2,815,424 | 2,556,678 | 2,273,850 | 2,347,326 | 1,999,833 | 1,704,987 | 1,677,198 | 1,904,788 | 1,893,613 | 2,624,846 |
| Number Of Employees | 140 | 135 | 129 | 149 | 138 | 136 | 112 | 118 | 105 | 92 | 94 | 89 | 82 | 71 |
| EBITDA* | 3,850,517 | 2,046,614 | 3,429,283 | 3,312,075 | 3,285,752 | 3,658,254 | 3,150,274 | 4,396,598 | 3,337,976 | 2,699,183 | 2,975,258 | 2,054,565 | 1,820,442 | 1,181,876 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 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 | 6,396,303 | 5,256,646 | 5,588,581 | 4,655,566 | 6,291,870 | 6,627,999 | 5,253,901 | 5,572,424 | 3,378,936 | 3,630,368 | 3,932,998 | 4,293,648 | 4,486,391 | 2,975,051 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 220,000 | 220,000 | 220,000 | 234,018 | 234,018 | 234,018 | 234,018 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,396,303 | 5,256,646 | 5,588,581 | 4,655,566 | 6,511,870 | 6,847,999 | 5,473,901 | 5,806,442 | 3,612,954 | 3,864,386 | 4,167,016 | 4,293,648 | 4,486,391 | 2,975,051 |
| Stock & work in progress | 1,949,061 | 1,420,173 | 641,161 | 703,599 | 715,840 | 474,054 | 619,823 | 519,663 | 512,105 | 449,617 | 504,590 | 393,237 | 552,449 | 437,753 |
| Trade Debtors | 10,126,022 | 7,373,311 | 4,871,325 | 5,415,866 | 8,765,356 | 9,619,754 | 8,031,427 | 7,802,676 | 7,357,202 | 6,443,687 | 7,001,970 | 5,168,920 | 4,244,370 | 3,723,373 |
| Group Debtors | 161,433 | 66,726 | 1,763,949 | 1,259,656 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 640,439 |
| Misc Debtors | 2,247,760 | 1,449,047 | 1,360,343 | 1,394,505 | 2,943,666 | 1,644,301 | 646,735 | 483,198 | 598,870 | 771,592 | 525,909 | 304,233 | 287,827 | 244,472 |
| Cash | 3,414,919 | 1,585,151 | 10,524,760 | 9,357,005 | 8,191,267 | 6,696,572 | 6,896,254 | 5,130,370 | 4,078,036 | 2,781,265 | 2,575,212 | 741,840 | 1,035,779 | 780,075 |
| misc current assets | 0 | 0 | 5,364 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,899,195 | 11,894,408 | 19,166,902 | 18,130,631 | 20,616,129 | 18,434,681 | 16,194,239 | 13,935,907 | 12,546,213 | 10,446,161 | 10,607,681 | 6,608,230 | 6,120,425 | 5,826,112 |
| total assets | 24,295,498 | 17,151,054 | 24,755,483 | 22,786,197 | 27,127,999 | 25,282,680 | 21,668,140 | 19,742,349 | 16,159,167 | 14,310,547 | 14,774,697 | 10,901,878 | 10,606,816 | 8,801,163 |
| Bank overdraft | 0 | 0 | 0 | 26,151 | 2,937 | 0 | 0 | 764,705 | 0 | 116,879 | 0 | 0 | 0 | 361,994 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,662,214 | 3,875,104 | 2,608,955 | 1,782,875 | 4,650,610 | 5,080,811 | 4,248,701 | 4,412,791 | 4,624,592 | 4,610,215 | 6,236,510 | 3,946,079 | 4,508,304 | 3,352,609 |
| Group/Directors Accounts | 3,858,814 | 636,585 | 636,399 | 2,691,956 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 310,544 |
| other short term finances | 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 |
| other current liabilities | 1,804,016 | 1,323,880 | 1,084,494 | 853,471 | 748,873 | 784,407 | 832,357 | 717,077 | 661,374 | 661,186 | 992,167 | 1,097,799 | 1,061,726 | 1,197,269 |
| total current liabilities | 10,325,044 | 5,835,569 | 4,329,848 | 5,354,453 | 5,402,420 | 5,865,218 | 5,081,058 | 5,894,573 | 5,285,966 | 5,388,280 | 7,228,677 | 5,043,878 | 5,570,030 | 5,222,416 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 380,565 | 274,715 | 318,730 | 180,810 | 180,000 | 180,000 | 150,000 | 180,180 | 0 | 0 | 0 | 0 | 9,500 | 0 |
| total long term liabilities | 380,565 | 274,715 | 318,730 | 180,810 | 180,000 | 180,000 | 150,000 | 180,180 | 0 | 0 | 0 | 0 | 9,500 | 0 |
| total liabilities | 10,705,609 | 6,110,284 | 4,648,578 | 5,535,263 | 5,582,420 | 6,045,218 | 5,231,058 | 6,074,753 | 5,285,966 | 5,388,280 | 7,228,677 | 5,043,878 | 5,579,530 | 5,222,416 |
| net assets | 13,589,889 | 11,040,770 | 20,106,905 | 17,250,934 | 21,545,579 | 19,237,462 | 16,437,082 | 13,667,596 | 10,873,201 | 8,922,267 | 7,546,020 | 5,858,000 | 5,027,286 | 3,578,747 |
| total shareholders funds | 13,589,889 | 11,040,770 | 20,106,905 | 17,250,934 | 21,545,579 | 19,237,462 | 16,437,082 | 13,667,596 | 10,873,201 | 8,922,267 | 7,546,020 | 5,858,000 | 5,027,286 | 3,578,747 |
| Dec 2022 | Dec 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 | 3,103,121 | 1,304,286 | 2,873,150 | 2,741,572 | 2,704,140 | 3,136,331 | 2,927,312 | 3,981,537 | 2,760,022 | 2,132,410 | 2,402,398 | 1,496,626 | 1,380,078 | 798,865 |
| Depreciation | 745,315 | 740,244 | 556,133 | 570,503 | 581,612 | 519,393 | 220,282 | 381,280 | 577,954 | 566,773 | 572,860 | 557,939 | 440,364 | 383,011 |
| Amortisation | 2,081 | 2,084 | 0 | 0 | 0 | 2,530 | 2,680 | 33,781 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -564,458 | -350,063 | -83,219 | 587,739 | -372,429 | -300,617 | -181,835 | -677,143 | -614,814 | -556,334 | -637,442 | -403,932 | -333,213 | -222,631 |
| Stock | 528,888 | 779,012 | -62,438 | -12,241 | 241,786 | -145,769 | 100,160 | 7,558 | 62,488 | -54,973 | 111,353 | -159,212 | 114,696 | 437,753 |
| Debtors | 3,646,131 | 893,467 | -74,410 | -3,638,995 | 444,967 | 2,585,893 | 392,288 | 329,802 | 740,793 | -312,600 | 2,054,726 | 940,956 | -76,087 | 4,608,284 |
| Creditors | 787,110 | 1,266,149 | 826,080 | -2,867,735 | -430,201 | 832,110 | -164,090 | -211,801 | 14,377 | -1,626,295 | 2,290,431 | -562,225 | 1,155,695 | 3,352,609 |
| Accruals and Deferred Income | 480,136 | 239,386 | 231,023 | 104,598 | -35,534 | -47,950 | 115,280 | 55,703 | 188 | -330,981 | -105,632 | 36,073 | -135,543 | 1,197,269 |
| Deferred Taxes & Provisions | 105,850 | -44,015 | 137,920 | 810 | 0 | 30,000 | -30,180 | 180,180 | 0 | 0 | 0 | -9,500 | 9,500 | 0 |
| Cash flow from operations | 484,136 | 1,485,592 | 4,677,935 | 4,788,723 | 1,760,835 | 1,731,673 | 2,397,001 | 3,406,177 | 1,934,446 | 553,146 | 2,356,536 | 333,237 | 2,478,272 | 463,086 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -244,974 | -1,890,311 | -196,938 | -2,405,031 | -330,816 | -258,685 | -439,637 | -365,196 | -1,401,797 | -241,688 |
| Change in Investments | 0 | 0 | 0 | -220,000 | 0 | 0 | -14,018 | 0 | 0 | 0 | 234,018 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 220,000 | -244,974 | -1,890,311 | -182,920 | -2,405,031 | -330,816 | -258,685 | -673,655 | -365,196 | -1,401,797 | -241,688 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,222,229 | 186 | -2,055,557 | 2,691,956 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -310,544 | 310,544 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 10,456 | 9,642 | 66,040 | 78,934 | 53,284 | 38,305 | 46,228 | 47,798 | 10,548 | 26,154 | 15,598 | -6,596 | -558 | -233 |
| cash flow from financing | 3,232,685 | 9,828 | -1,989,517 | 2,748,000 | 51,204 | 35,775 | 73,728 | -16,163 | -85,436 | -69,829 | -76,936 | -101,980 | 91,130 | 3,313,698 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,829,768 | -8,939,609 | 1,167,755 | 1,165,738 | 1,494,695 | -199,682 | 1,765,884 | 1,052,334 | 1,296,771 | 206,053 | 1,833,372 | -293,939 | 255,704 | 780,075 |
| overdraft | 0 | 0 | -26,151 | 23,214 | 2,937 | 0 | -764,705 | 764,705 | -116,879 | 116,879 | 0 | 0 | -361,994 | 361,994 |
| change in cash | 1,829,768 | -8,939,609 | 1,193,906 | 1,142,524 | 1,491,758 | -199,682 | 2,530,589 | 287,629 | 1,413,650 | 89,174 | 1,833,372 | -293,939 | 617,698 | 418,081 |
skea egg farms limited Credit Report and Business Information
Skea Egg Farms Limited Competitor Analysis
Perform a competitor analysis for skea egg farms limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in BT92 area or any other competitors across 12 key performance metrics.
skea egg farms limited Ownership
SKEA EGG FARMS LIMITED group structure
Skea Egg Farms Limited has no subsidiary companies.
Ultimate parent company
2 parents
SKEA EGG FARMS LIMITED
NI031124
skea egg farms limited directors
Skea Egg Farms Limited currently has 4 directors. The longest serving directors include Mr Matthew Hayes (Jul 1996) and Mr Harold Richmond (Mar 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Hayes | Northern Ireland | 53 years | Jul 1996 | - | Director |
| Mr Harold Richmond | Northern Ireland | 53 years | Mar 2006 | - | Director |
| Mr Charles Crawford | Northern Ireland | 72 years | Mar 2022 | - | Director |
| Mr Trevor Lockhart | 54 years | May 2024 | - | Director |
P&L
December 2022turnover
101.6m
+46%
operating profit
3.1m
+138%
gross margin
8%
+10.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
13.6m
+0.23%
total assets
24.3m
+0.42%
cash
3.4m
+1.15%
net assets
Total assets minus all liabilities
skea egg farms limited company details
company number
NI031124
Type
Private limited with Share Capital
industry
46330 - Wholesale of dairy products, eggs and edible oils and fats
incorporation date
July 1996
age
28
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
hesperus limited (September 1996)
last accounts submitted
December 2022
address
116 crom road, lisnaskea, enniskillen, fermanagh, BT92 0BN
accountant
-
auditor
ASM (D) LTD
skea egg farms 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 5 charges/mortgages relating to skea egg farms limited. Currently there are 2 open charges and 3 have been satisfied in the past.
skea egg farms limited Companies House Filings - See Documents
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