Glen Fresh Foods Ltd

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glen fresh foods ltd Company Information

Live

EstablishedSmallDeclining

Company Number

NI072602

Website

www.glenfreshfoods.com

Registered Address

unit f965 dublin road, industrial estate, strabane, county tyrone, BT82 9EA

Industry

Other processing and preserving of fruit and vegetables

Telephone

02871383300

Next Accounts Due

June 2024

Group Structure

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Directors

Kathleen McShane15 Years

Kienan McLaughlin3 Years

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Shareholders

mrs kathleen mcshane 35%

mr john mcshane 35%

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glen fresh foods ltd Estimated Valuation

£566.2k

Pomanda estimates the enterprise value of GLEN FRESH FOODS LTD at £566.2k based on a Turnover of £2.1m and 0.27x industry multiple (adjusted for size and gross margin).

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Glen Fresh Foods Ltd is a live company located in strabane, BT82 9EA with a Companies House number of NI072602. It operates in the other processing and preserving of fruit and vegetables sector, SIC Code 10390. Founded in May 2009, it's largest shareholder is mrs kathleen mcshane with a 35% stake. Glen Fresh Foods Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Glen Fresh Foods Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

8 Weak

Size

annual sales of £2.1m, make it smaller than the average company (£24.1m)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (2.7%)

EXPORT

Glen Fresh Foods Ltd's latest turnover from September 2022 is estimated at £2.1 million and the company has net assets of -£89.6 thousand. According to their latest financial statements, Glen Fresh Foods Ltd has 32 employees and maintains cash reserves of £24.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	May 2010
Turnover	2,063,220	2,133,915	3,283,679	4,182,736	4,371,503	3,482,135	2,305,813	1,440,260	1,039,937	1,058,253	1,339,468	1,398,764	1,361,260
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,857,208	1,934,784	2,979,285	3,721,235	3,884,885	3,066,614	2,010,878	1,278,404	940,414	940,899	1,184,360	1,232,460	1,169,984
Gross Profit	206,012	199,132	304,395	461,501	486,618	415,521	294,935	161,856	99,522	117,355	155,108	166,304	191,276
Admin Expenses	203,986	370,992	260,770	423,110	476,830	529,581	292,837	183,777	-55,423	101,454	147,904	169,952	187,411
Operating Profit	2,026	-171,860	43,625	38,391	9,788	-114,060	2,098	-21,921	154,945	15,901	7,204	-3,648	3,865
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	569	14	7	151	223	84	52	58	55	26	20	20	8
Pre-Tax Profit	2,595	-171,846	43,632	38,542	10,011	-113,976	2,150	-21,863	155,000	15,927	7,224	-3,628	3,874
Tax	-493	0	-8,290	-7,323	-1,902	0	-430	0	-32,550	-3,663	-1,734	0	-1,085
Profit After Tax	2,102	-171,846	35,342	31,219	8,109	-113,976	1,720	-21,863	122,450	12,264	5,490	-3,628	2,789
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,102	-171,846	35,342	31,219	8,109	-113,976	1,720	-21,863	122,450	12,264	5,490	-3,628	2,789
Employee Costs	1,076,105	439,202	722,012	864,282	863,448	938,680	185,689	77,427	74,637	71,201	97,068	98,897	113,065
Number Of Employees	32	32	74	87	91	80	7	3	3	3	4	4	5
EBITDA*	21,043	-154,613	48,330	42,497	13,894	-59,962	53,841	27,769	198,130	15,901	42,486	33,630	3,865

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	May 2010
Tangible Assets	228,082	229,399	246,646	245,356	249,462	238,415	199,818	147,429	132,071	106,920	126,576	160,328	222,664
Intangible Assets	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000
Investments & Other	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
Total Fixed Assets	428,082	429,399	446,646	445,356	449,462	438,415	399,818	347,429	332,071	306,920	326,576	360,328	422,664
Stock & work in progress	27,675	40,317	344,586	493,383	497,325	207,944	157,944	21,721	13,507	10,000	14,880	13,003	13,285
Trade Debtors	148,723	172,965	153,173	244,437	266,839	328,564	357,323	210,484	156,317	102,280	125,802	140,314	125,886
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	24,420	26,157	948	13,876	26,323	33,099	33,730	8,146	14,893	7,032	3,409	4,638	3,337
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	200,818	239,439	498,707	751,696	790,487	569,607	548,997	240,351	184,717	119,312	144,091	157,955	142,508
total assets	628,900	668,838	945,353	1,197,052	1,239,949	1,008,022	948,815	587,780	516,788	426,232	470,667	518,283	565,172
Bank overdraft	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
Trade Creditors	639,220	658,743	701,992	893,696	940,817	682,596	753,113	429,010	319,992	402,983	466,015	519,121	562,382
Group/Directors Accounts	0	0	0	95,500	66,500	27,500	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	639,220	658,743	701,992	989,196	1,007,317	710,096	753,113	429,010	319,992	402,983	466,015	519,121	562,382
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	79,308	101,825	163,245	163,082	219,276	292,679	76,479	41,267	57,430	6,333	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	79,308	101,825	163,245	163,082	219,276	292,679	76,479	41,267	57,430	6,333	0	0	0
total liabilities	718,528	760,568	865,237	1,152,278	1,226,593	1,002,775	829,592	470,277	377,422	409,316	466,015	519,121	562,382
net assets	-89,628	-91,730	80,116	44,774	13,356	5,247	119,223	117,503	139,366	16,916	4,652	-838	2,790
total shareholders funds	-89,628	-91,730	80,116	44,774	13,356	5,247	119,223	117,503	139,366	16,916	4,652	-838	2,790

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	May 2010
Operating Activities
Operating Profit	2,026	-171,860	43,625	38,391	9,788	-114,060	2,098	-21,921	154,945	15,901	7,204	-3,648	3,865
Depreciation	19,017	17,247	4,705	4,106	4,106	54,098	51,743	49,690	43,185	0	35,282	37,278	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-493	0	-8,290	-7,323	-1,902	0	-430	0	-32,550	-3,663	-1,734	0	-1,085
Stock	-12,642	-304,269	-148,797	-3,942	289,381	50,000	136,223	8,214	3,507	-4,880	1,877	-282	13,285
Debtors	-24,242	19,792	-91,264	-22,402	-61,725	-28,759	146,839	54,167	54,037	-23,522	-14,512	14,428	125,886
Creditors	-19,523	-43,249	-191,704	-47,121	258,221	-70,517	324,103	109,018	-82,991	-63,032	-53,106	-43,261	562,382
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	37,911	86,615	88,397	14,397	42,557	-151,720	94,452	74,406	25,045	-22,392	281	-23,777	425,991
Investing Activities
capital expenditure	-17,700	0	-5,995	0	-15,153	-92,695	-104,132	-65,048	-68,336	19,656	-1,530	25,058	-422,664
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,700	0	-5,995	0	-15,153	-92,695	-104,132	-65,048	-68,336	19,656	-1,530	25,058	-422,664
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-95,500	29,000	39,000	27,500	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-22,517	-61,420	163	-56,194	-73,403	216,200	35,212	-16,163	51,097	6,333	0	0	0
share issue	0	0	0	199	0	0	0	0	0	0	0	0	1
interest	569	14	7	151	223	84	52	58	55	26	20	20	8
cash flow from financing	-21,948	-61,406	-95,330	-26,844	-34,180	243,784	35,264	-16,105	51,152	6,359	20	20	9
cash and cash equivalents
cash	-1,737	25,209	-12,928	-12,447	-6,776	-631	25,584	-6,747	7,861	3,623	-1,229	1,301	3,337
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,737	25,209	-12,928	-12,447	-6,776	-631	25,584	-6,747	7,861	3,623	-1,229	1,301	3,337

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLEN FRESH FOODS LTD group structure

Glen Fresh Foods Ltd has no subsidiary companies.

Ultimate parent company

GLEN FRESH FOODS LTD

NI072602

GLEN FRESH FOODS LTD Shareholders

mrs kathleen mcshane	35%
mr john mcshane	35%
mr diarmaid kevin mclaughlin	15%
mr kienan dermot mclaughlin	15%

Glen Fresh Foods Ltd currently has 3 directors. The longest serving directors include Mrs Kathleen McShane (May 2009) and Mr Kienan McLaughlin (May 2021).

officer	country	age	start	end	role
Mrs Kathleen McShane		64 years	May 2009	-	Director
Mr Kienan McLaughlin	Northern Ireland	45 years	May 2021	-	Director
Mr Diarmaid McLaughlin	Northern Ireland	41 years	May 2021	-	Director

P&L

September 2022

turnover

2.1m

-3%

operating profit

gross margin

10%

+7%

turnover

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

Balance Sheet

September 2022

net assets

-89.6k

-0.02%

total assets

628.9k

-0.06%

cash

24.4k

-0.07%

net assets

Total assets minus all liabilities

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company number

NI072602

Type

Private limited with Share Capital

industry

10390 - Other processing and preserving of fruit and vegetables

incorporation date

May 2009

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

braefield enterprises limited (May 2009)

incorporated

address

unit f965 dublin road, industrial estate, strabane, county tyrone, BT82 9EA

last accounts submitted

September 2022

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.

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glen fresh foods ltd Company Information

glen fresh foods ltd Estimated Valuation

glen fresh foods ltd Estimated Valuation

glen fresh foods ltd Estimated Valuation

Glen Fresh Foods Ltd Overview

Glen Fresh Foods Ltd Health Check

GLEN FRESH FOODS LTD financials

glen fresh foods ltd Credit Report and Business Information

Glen Fresh Foods Ltd Competitor Analysis

glen fresh foods ltd Ownership

glen fresh foods ltd directors

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