primestock meats

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primestock meats Company Information

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Company Number

NI639701

Website

-

Registered Address

lissheffield house, lissheffield road, armagh, BT61 8QB

Industry

Support activities for animal production (other than farm animal boarding and care) n.e.c.

 

Telephone

02838891522

Next Accounts Due

2006 days late

Group Structure

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Directors

James Hewitt7 Years

James Annett7 Years

Shareholders

james hewitt 50%

michael mclernon 50%

primestock meats Estimated Valuation

£261.6k

Pomanda estimates the enterprise value of PRIMESTOCK MEATS at £261.6k based on a Turnover of £1.1m and 0.24x industry multiple (adjusted for size and gross margin).

primestock meats Estimated Valuation

£327.5k

Pomanda estimates the enterprise value of PRIMESTOCK MEATS at £327.5k based on an EBITDA of £88.6k and a 3.7x industry multiple (adjusted for size and gross margin).

primestock meats Estimated Valuation

£14.7k

Pomanda estimates the enterprise value of PRIMESTOCK MEATS at £14.7k based on Net Assets of £14.4k and 1.02x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2016 

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Primestock Meats Overview

Primestock Meats is a live company located in armagh, BT61 8QB with a Companies House number of NI639701. It operates in the support activities for animal production (other than farm animal boarding and care) n.e.c. sector, SIC Code 01629. Founded in July 2016, it's largest shareholder is james hewitt with a 50% stake. Primestock Meats is a young, small sized company, Pomanda has estimated its turnover at £1.1m with unknown growth in recent years.

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Primestock Meats Health Check

Pomanda's financial health check has awarded Primestock Meats a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.1m, make it larger than the average company (£465.6k)

£1.1m - Primestock Meats

£465.6k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Primestock Meats

- - Industry AVG

production

Production

with a gross margin of 56.3%, this company has a comparable cost of product (56.3%)

56.3% - Primestock Meats

56.3% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (7.4%)

1.8% - Primestock Meats

7.4% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (12)

9 - Primestock Meats

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.6k, the company has an equivalent pay structure (£25.6k)

£25.6k - Primestock Meats

£25.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £120.4k, this is more efficient (£69.1k)

£120.4k - Primestock Meats

£69.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is later than average (40 days)

59 days - Primestock Meats

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 168 days, this is slower than average (40 days)

168 days - Primestock Meats

40 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Primestock Meats

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (78 weeks)

1 weeks - Primestock Meats

78 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 99.4%, this is a higher level of debt than the average (26.5%)

99.4% - Primestock Meats

26.5% - Industry AVG

primestock meats Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Primestock Meats Competitor Analysis

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Perform a competitor analysis for primestock meats by selecting its closest rivals and benchmarking them against 12 key performance metrics.

primestock meats Ownership

PRIMESTOCK MEATS group structure

Primestock Meats has no subsidiary companies.

Ultimate parent company

PRIMESTOCK MEATS

NI639701

PRIMESTOCK MEATS Shareholders

james hewitt 50%
michael mclernon 50%

primestock meats directors

Primestock Meats currently has 2 directors. The longest serving directors include Mr James Hewitt (Aug 2016) and Mr James Annett (Aug 2016).

officercountryagestartendrole
Mr James Hewitt68 years Aug 2016- Director
Mr James AnnettNorthern Ireland51 years Aug 2016- Director

PRIMESTOCK MEATS financials

EXPORTms excel logo

Primestock Meats's latest turnover from December 2016 is estimated at £1.1 million and the company has net assets of £14.4 thousand. According to their latest financial statements, Primestock Meats has 9 employees and maintains cash reserves of £89.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2016
Turnover1,083,905
Other Income Or Grants0
Cost Of Sales473,427
Gross Profit610,478
Admin Expenses591,461
Operating Profit19,017
Interest Payable1,116
Interest Receivable112
Pre-Tax Profit18,013
Tax-3,602
Profit After Tax14,410
Dividends Paid0
Retained Profit14,410
Employee Costs230,792
Number Of Employees9
EBITDA*88,579

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2016
Tangible Assets862,019
Intangible Assets1,255,886
Investments & Other0
Debtors (Due After 1 year)0
Total Fixed Assets2,117,905
Stock & work in progress0
Trade Debtors176,868
Group Debtors0
Misc Debtors22,825
Cash89,417
misc current assets0
total current assets289,110
total assets2,407,015
Bank overdraft35,721
Bank loan0
Trade Creditors 219,149
Group/Directors Accounts0
other short term finances0
hp & lease commitments0
other current liabilities2,137,735
total current liabilities2,392,605
loans0
hp & lease commitments0
Accruals and Deferred Income0
other liabilities0
provisions0
total long term liabilities0
total liabilities2,392,605
net assets14,410
total shareholders funds14,410
Dec 2016
Operating Activities
Operating Profit19,017
Depreciation10,109
Amortisation59,453
Tax-3,602
Stock0
Debtors199,693
Creditors219,149
Accruals and Deferred Income2,137,735
Deferred Taxes & Provisions0
Cash flow from operations2,242,168
Investing Activities
capital expenditure-2,187,467
Change in Investments0
cash flow from investments-2,187,467
Financing Activities
Bank loans0
Group/Directors Accounts0
Other Short Term Loans 0
Long term loans0
Hire Purchase and Lease Commitments0
other long term liabilities0
share issue0
interest-1,004
cash flow from financing-1,004
cash and cash equivalents
cash89,417
overdraft35,721
change in cash53,696

P&L

December 2016

turnover

1.1m

0%

operating profit

19k

0%

gross margin

56.4%

0%

turnover

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

Balance Sheet

December 2016

net assets

14.4k

0%

total assets

2.4m

0%

cash

89.4k

0%

net assets

Total assets minus all liabilities

primestock meats company details

company number

NI639701

Type

Private unlimited with Share Capital

industry

01629 - Support activities for animal production (other than farm animal boarding and care) n.e.c.

incorporation date

July 2016

age

8

accounts

Total Exemption Full

ultimate parent company

None

previous names

primestock meats ltd (March 2017)

incorporated

UK

address

lissheffield house, lissheffield road, armagh, BT61 8QB

last accounts submitted

December 2016

primestock meats 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 did not find charges/mortgages relating to primestock meats.

charges

primestock meats Companies House Filings - See Documents

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