Glenpac Bacon Products Limited

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glenpac bacon products limited Company Information

Live

MatureSmallHigh

Company Number

NI034665

Website

www.glenpac.co.uk

Registered Address

3a corliss road, crossmaglen, newry, county down, BT35 9AY

Industry

Processing and preserving of meat

Telephone

02830868809

Next Accounts Due

March 2025

Group Structure

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Directors

Kevin Duffy2 Years

Pauric Duffy2 Years

Shareholders

duffy's pork & bacon limited 100%

glenpac bacon products limited Estimated Valuation

£979.6k

Pomanda estimates the enterprise value of GLENPAC BACON PRODUCTS LIMITED at £979.6k based on a Turnover of £3.6m and 0.27x industry multiple (adjusted for size and gross margin).

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Glenpac Bacon Products Limited is a live company located in newry, BT35 9AY with a Companies House number of NI034665. It operates in the processing and preserving of meat sector, SIC Code 10110. Founded in August 1998, it's largest shareholder is duffy's pork & bacon limited with a 100% stake. Glenpac Bacon Products Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with high growth in recent years.

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Pomanda's financial health check has awarded Glenpac Bacon Products Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £3.6m, make it smaller than the average company (£24.9m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (6.3%)

EXPORT

Glenpac Bacon Products Limited's latest turnover from June 2023 is estimated at £3.6 million and the company has net assets of £555.5 thousand. According to their latest financial statements, Glenpac Bacon Products Limited has 11 employees and maintains cash reserves of £178.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,577,965	2,492,722	2,392,260	1,729,459	1,852,546	1,895,922	2,017,709	2,070,561	2,856,686	2,805,613	3,633,229	2,839,222	3,286,783	3,178,026
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,240,525	2,244,950	2,170,609	1,582,197	1,684,900	1,744,989	1,836,575	1,877,866	2,635,699	2,595,166	3,364,000	2,591,459	2,963,180	2,921,447
Gross Profit	337,440	247,772	221,651	147,262	167,646	150,933	181,135	192,695	220,987	210,447	269,229	247,763	323,603	256,579
Admin Expenses	89,789	-77,796	400,423	579,556	207,721	131,679	149,944	202,633	213,908	100,251	252,637	290,334	382,569	-591,884
Operating Profit	247,651	325,568	-178,772	-432,294	-40,075	19,254	31,191	-9,938	7,079	110,196	16,592	-42,571	-58,966	848,463
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,601	1,368	169	144	833	829	470	1,068	975	436	90	203	489	301
Pre-Tax Profit	254,252	326,936	-178,603	-432,150	-39,242	20,083	31,662	-8,870	8,054	110,632	16,682	-42,368	-58,477	848,764
Tax	-63,563	-62,118	0	0	0	-3,816	-6,016	0	-1,611	-23,233	-3,837	0	0	-237,654
Profit After Tax	190,689	264,818	-178,603	-432,150	-39,242	16,267	25,646	-8,870	6,443	87,399	12,845	-42,368	-58,477	611,110
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	190,689	264,818	-178,603	-432,150	-39,242	16,267	25,646	-8,870	6,443	87,399	12,845	-42,368	-58,477	611,110
Employee Costs	360,200	335,854	347,040	363,091	263,785	260,663	253,324	320,315	191,470	187,891	276,860	214,864	258,126	273,407
Number Of Employees	11	11	12	13	10	10	10	13	8	8	12	9	11	12
EBITDA*	261,330	339,987	-165,815	-429,960	4,068	55,961	71,819	35,379	45,059	137,631	47,133	2,128	11,343	919,937

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	116,059	122,985	100,000	145,582	597,386	573,735	555,763	555,763	582,729	535,793	517,237	542,923	618,755	647,235
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	5,000	10,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	10,656	9,463
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	116,059	122,985	100,000	145,582	597,386	573,735	555,763	555,763	582,729	535,793	517,237	542,923	634,411	666,698
Stock & work in progress	122,033	82,078	43,892	99,486	140,663	138,288	117,955	133,081	125,610	101,784	153,108	129,239	127,523	110,768
Trade Debtors	820,539	583,135	354,261	211,033	278,172	289,272	343,815	291,370	364,597	424,629	554,058	426,419	480,488	431,531
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	20,940	0	0	0	0
Cash	178,691	85,360	133,461	203,587	85,317	136,943	194,728	181,503	245,526	144,319	30,031	5,905	75,339	120,234
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,121,263	750,573	531,614	514,106	504,152	564,503	656,498	605,954	735,733	691,672	737,197	561,563	683,350	662,533
total assets	1,237,322	873,558	631,614	659,688	1,101,538	1,138,238	1,212,261	1,161,717	1,318,462	1,227,465	1,254,434	1,104,486	1,317,761	1,329,231
Bank overdraft	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
Trade Creditors	664,748	494,646	531,614	355,379	342,679	335,996	427,020	367,797	533,845	461,093	563,716	417,891	581,863	529,019
Group/Directors Accounts	0	0	0	0	0	0	0	4,251	0	0	0	0	0	0
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	0	0	0	0	0	0	0	21,349	0	0	0	0	0	0
total current liabilities	664,748	494,646	531,614	355,379	342,679	335,996	427,020	393,397	533,845	461,093	563,716	417,891	581,863	529,019
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	43,447	47,978	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	17,067	14,094	0	1,320	20,869	21,555	16,673	21,156	24,218	7,885	8,195	5,187	0	0
total long term liabilities	17,067	14,094	0	1,320	20,869	21,555	16,673	21,156	67,665	55,863	8,195	5,187	0	0
total liabilities	681,815	508,740	531,614	356,699	363,548	357,551	443,693	414,553	601,510	516,956	571,911	423,078	581,863	529,019
net assets	555,507	364,818	100,000	302,989	737,990	780,687	768,568	747,164	716,952	710,509	682,523	681,408	735,898	800,212
total shareholders funds	555,507	364,818	100,000	302,989	737,990	780,687	768,568	747,164	716,952	710,509	682,523	681,408	735,898	800,212

	Jun 2023	Jun 2022	Jun 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	247,651	325,568	-178,772	-432,294	-40,075	19,254	31,191	-9,938	7,079	110,196	16,592	-42,571	-58,966	848,463
Depreciation	13,679	14,419	12,957	2,334	44,143	36,707	40,628	45,317	37,980	27,435	30,541	39,699	65,309	66,474
Amortisation	0	0	0	0	0	0	0	0	0	0	0	5,000	5,000	5,000
Tax	-63,563	-62,118	0	0	0	-3,816	-6,016	0	-1,611	-23,233	-3,837	0	0	-237,654
Stock	39,955	38,186	-55,594	-41,177	2,375	20,333	-15,126	7,471	23,826	-51,324	23,869	1,716	16,755	110,768
Debtors	237,404	228,874	143,228	-67,139	-11,100	-54,543	52,445	-73,227	-80,972	-108,489	127,639	-54,069	48,957	431,531
Creditors	170,102	-36,968	176,235	12,700	6,683	-91,024	59,223	-166,048	72,752	-102,623	145,825	-163,972	52,844	529,019
Accruals and Deferred Income	0	0	0	0	0	0	-21,349	-22,098	-4,531	47,978	0	0	0	0
Deferred Taxes & Provisions	2,973	14,094	-1,320	-19,549	-686	4,882	-4,483	-3,062	16,333	-310	3,008	5,187	0	0
Cash flow from operations	93,483	-12,065	-78,534	-328,493	18,790	213	61,875	-90,073	185,148	219,256	40,621	-104,304	-1,525	669,003
Investing Activities
capital expenditure	-6,753	-37,404	32,625	449,470	-67,794	-54,679	-40,628	-18,351	-84,916	-45,991	-4,855	36,133	-36,829	-728,709
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-10,656	1,193	9,463
cash flow from investments	-6,753	-37,404	32,625	449,470	-67,794	-54,679	-40,628	-18,351	-84,916	-45,991	-4,855	46,789	-38,022	-738,172
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-4,251	4,251	0	0	0	0	0	0
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	0	0	-24,386	-2,851	-3,455	-4,148	-4,242	39,082	0	-59,413	-11,730	-12,122	-5,837	189,102
interest	6,601	1,368	169	144	833	829	470	1,068	975	436	90	203	489	301
cash flow from financing	6,601	1,368	-24,217	-2,707	-2,622	-3,319	-8,023	44,401	975	-58,977	-11,640	-11,919	-5,348	189,403
cash and cash equivalents
cash	93,331	-48,101	-70,126	118,270	-51,626	-57,785	13,225	-64,023	101,207	114,288	24,126	-69,434	-44,895	120,234
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	93,331	-48,101	-70,126	118,270	-51,626	-57,785	13,225	-64,023	101,207	114,288	24,126	-69,434	-44,895	120,234

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLENPAC BACON PRODUCTS LIMITED group structure

Glenpac Bacon Products Limited has no subsidiary companies.

Ultimate parent company

GLENPAC BACON PRODUCTS LIMITED

NI034665

GLENPAC BACON PRODUCTS LIMITED Shareholders

duffy's pork & bacon limited

100%

Glenpac Bacon Products Limited currently has 2 directors. The longest serving directors include Mr Kevin Duffy (Jul 2021) and Mr Pauric Duffy (Jul 2021).

officer	country	age	start	end	role
Mr Kevin Duffy	Northern Ireland	39 years	Jul 2021	-	Director
Mr Pauric Duffy	Northern Ireland	37 years	Jul 2021	-	Director

P&L

June 2023

turnover

3.6m

+44%

operating profit

247.7k

gross margin

9.5%

-5.12%

turnover

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

Balance Sheet

June 2023

net assets

555.5k

+0.52%

total assets

1.2m

+0.42%

cash

178.7k

+1.09%

net assets

Total assets minus all liabilities

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company number

NI034665

Type

Private limited with Share Capital

industry

10110 - Processing and preserving of meat

incorporation date

August 1998

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

3a corliss road, crossmaglen, newry, county down, BT35 9AY

last accounts submitted

June 2023

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 3 charges/mortgages relating to glenpac bacon products limited. Currently there are 2 open charges and 1 have been satisfied in the past.

glenpac bacon products limited Company Information

glenpac bacon products limited Estimated Valuation

glenpac bacon products limited Estimated Valuation

glenpac bacon products limited Estimated Valuation

Glenpac Bacon Products Limited Overview

Glenpac Bacon Products Limited Health Check

GLENPAC BACON PRODUCTS LIMITED financials

glenpac bacon products limited Credit Report and Business Information

Glenpac Bacon Products Limited Competitor Analysis

glenpac bacon products limited Ownership

glenpac bacon products limited directors

glenpac bacon products limited company details

glenpac bacon products limited Charges & Mortgages

glenpac bacon products limited Companies House Filings - See Documents