Cardowan Creameries Limited

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cardowan creameries limited Company Information

Company Number

SC016247

Next Accounts

Sep 2025

Directors

Paresh Mehta

Mark Ward

Shareholders

k t c (edibles) limited

Group Structure

View All

Industry

Manufacture of oils and fats

Registered Address

49 holywell street, glasgow, G31 4BT

Website

www.cardowan.co.uk

cardowan creameries limited Estimated Valuation

£12.5m

Pomanda estimates the enterprise value of CARDOWAN CREAMERIES LIMITED at £12.5m based on a Turnover of £20.6m and 0.61x industry multiple (adjusted for size and gross margin).

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Cardowan Creameries Limited is a live company located in glasgow, G31 4BT with a Companies House number of SC016247. It operates in the manufacture of oils and fats sector, SIC Code 10410. Founded in December 1930, it's largest shareholder is k t c (edibles) limited with a 100% stake. Cardowan Creameries Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Cardowan Creameries Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £31.6m, make it smaller than the average company (£49.3m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (13.1%)

EXPORT

Cardowan Creameries Limited's latest turnover from December 2023 is £20.6 million and the company has net assets of £4.1 million. According to their latest financial statements, Cardowan Creameries Limited has 38 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	20,615,476	31,622,818	23,610,141	16,200,320	17,096,923	17,002,993	12,588,073	12,134,231	14,326,337	16,026,011	16,892,732	17,712,318	17,871,443	14,413,742	11,186,045
Other Income Or Grants
Cost Of Sales	18,534,970	30,287,847	21,610,157	13,922,998	14,976,471	15,245,559	10,951,986	10,510,622	12,984,617	14,587,331	15,045,001	15,620,104	15,685,892	12,521,005	9,677,456
Gross Profit	2,080,506	1,334,971	1,999,984	2,277,322	2,120,452	1,757,434	1,636,087	1,623,609	1,341,720	1,438,680	1,847,731	2,092,214	2,185,551	1,892,737	1,508,589
Admin Expenses	1,171,242	746,709	1,001,225	1,933,751	1,450,241	964,176	1,458,976	1,691,348	856,338	1,031,802	1,345,472	1,691,570	1,569,861	1,415,480	1,210,262
Operating Profit	909,264	588,262	998,759	343,571	670,211	793,258	177,111	-67,739	485,382	406,878	502,259	400,644	615,690	477,257	298,327
Interest Payable	20,926	2,223		10,833			4,055	3,548	3,609	3,993	5,657
Interest Receivable	11,840	2,136	68	710	2,519	1,136	2,303	1,428	1,939	1,785	1,391	1,278	1,090	8,326	1,585
Pre-Tax Profit	900,178	588,175	998,827	333,448	672,730	794,394	175,359	-69,860	495,368	422,023	506,096	403,029	617,815	486,605	300,934
Tax	-230,744	-104,704	-347,015	-63,355			-33,318		-109,021	-93,676	-97,695	-87,421	-132,238	-123,990	-59,977
Profit After Tax	669,434	483,471	651,812	270,093	672,730	794,394	142,041	-69,860	386,347	328,347	408,401	315,608	485,577	362,615	240,957
Dividends Paid		156,079	390,000		390,079	390,079			624,079	312,079	312,079	312,079	234,079	234,079	624,079
Retained Profit	669,434	327,392	261,812	270,093	282,651	404,315	142,041	-69,860	-237,732	16,268	96,322	3,529	251,498	128,536	-383,122
Employee Costs	1,012,318	1,311,843	1,538,610	1,507,430	1,521,338	1,476,029	1,470,430	1,389,557	1,239,642	1,552,165	1,462,835	1,498,585	1,718,783	1,328,244	974,507
Number Of Employees	38	35	35	35	35	36	35	36	31	35	33	34	32	32	28
EBITDA*	1,256,020	883,340	1,284,733	587,062	893,513	985,732	295,866	38,112	573,666	495,811	604,942	494,520	699,361	592,226	416,390

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,337,433	1,687,724	842,789	846,932	863,541	739,813	355,005	288,110	280,385	339,900	391,099	369,974	308,454	376,029	451,013
Intangible Assets
Investments & Other	747	747	747	747	747	747	73,792	78,678	65,266	58,535	2,551	2,551	2,551	2,551	2,551
Debtors (Due After 1 year)
Total Fixed Assets	1,338,180	1,688,471	843,536	847,679	864,288	740,560	428,797	366,788	345,651	398,435	393,650	372,525	311,005	378,580	453,564
Stock & work in progress	528,882	590,752	489,668	338,105	444,503	422,420	423,197	369,154	236,775	358,389	486,547	361,057	355,480	468,697	288,711
Trade Debtors	3,724,522	3,612,282	3,389,800	2,661,438	2,123,898	2,091,652	2,134,115	1,989,864	1,760,314	1,687,060	1,578,005	1,609,236	1,835,060	1,722,664	1,201,375
Group Debtors
Misc Debtors	162,220	190,688	57,475	112,965	81,866	111,143	84,520	78,971	41,039	68,905	30,747	60,790	65,933	67,933	61,359
Cash	2,088,397	212,755	1,223,263	488,528	932,256	615,660	374,896	546,220	595,883	738,505	873,425	908,334	1,506,932	746,586	592,919
misc current assets															72,067
total current assets	6,504,021	4,606,477	5,160,206	3,601,036	3,582,523	3,240,875	3,016,728	2,984,209	2,634,011	2,852,859	2,968,724	2,939,417	3,763,405	3,005,880	2,216,431
total assets	7,842,201	6,294,948	6,003,742	4,448,715	4,446,811	3,981,435	3,445,525	3,350,997	2,979,662	3,251,294	3,362,374	3,311,942	4,074,410	3,384,460	2,669,995
Bank overdraft		221,400	151,810	135,642	219,552	177,746	55,435	69,325	44,220	66,834	56,017	118,046	52,160	24,896	55,812
Bank loan
Trade Creditors	1,138,386	1,265,065	1,584,569	935,233	1,099,407	984,233	1,005,208	981,719	547,416	582,621	755,700	644,962	807,661	713,662	304,518
Group/Directors Accounts	250,005	250,005		180,000	75,000	125,000	35,000	100,000	61,998	50,000			430,000	257,370	300,000
other short term finances
hp & lease commitments	237,778	123,941
other current liabilities	1,402,677	403,747	962,938	318,370	443,475	261,126	203,958	191,184	260,811	248,890	307,844	402,443	641,627	497,068	246,737
total current liabilities	3,028,846	2,264,158	2,699,317	1,569,245	1,837,434	1,548,105	1,299,601	1,342,228	914,445	948,345	1,119,561	1,165,451	1,931,448	1,492,996	907,067
loans
hp & lease commitments	495,601	294,269
Accruals and Deferred Income
other liabilities
provisions	179,646	267,847	163,143
total long term liabilities	675,247	562,116	163,143
total liabilities	3,704,093	2,826,274	2,862,460	1,569,245	1,837,434	1,548,105	1,299,601	1,342,228	914,445	948,345	1,119,561	1,165,451	1,931,448	1,492,996	907,067
net assets	4,138,108	3,468,674	3,141,282	2,879,470	2,609,377	2,433,330	2,145,924	2,008,769	2,065,217	2,302,949	2,242,813	2,146,491	2,142,962	1,891,464	1,762,928
total shareholders funds	4,138,108	3,468,674	3,141,282	2,879,470	2,609,377	2,433,330	2,145,924	2,008,769	2,065,217	2,302,949	2,242,813	2,146,491	2,142,962	1,891,464	1,762,928

	Dec 2023	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	909,264	588,262	998,759	343,571	670,211	793,258	177,111	-67,739	485,382	406,878	502,259	400,644	615,690	477,257	298,327
Depreciation	346,756	295,078	285,974	243,491	223,302	192,474	118,755	105,851	88,284	88,933	102,683	93,876	83,671	114,969	118,063
Amortisation
Tax	-230,744	-104,704	-347,015	-63,355			-33,318		-109,021	-93,676	-97,695	-87,421	-132,238	-123,990	-59,977
Stock	39,214	101,084	151,563	-106,398	22,083	-777	54,043	132,379	-121,614	-128,158	125,490	5,577	-113,217	179,986	288,711
Debtors	439,467	355,695	672,872	568,639	2,969	-15,840	149,800	267,482	45,388	147,213	-61,274	-230,967	110,396	527,863	1,262,734
Creditors	-446,183	-319,504	649,336	-164,174	115,174	-20,975	23,489	434,303	-35,205	-173,079	110,738	-162,699	93,999	409,144	304,518
Accruals and Deferred Income	439,739	-559,191	644,568	-125,105	182,349	57,168	12,774	-69,627	11,921	-58,954	-94,599	-239,184	144,559	250,331	246,737
Deferred Taxes & Provisions	16,503	104,704	163,143
Cash flow from operations	556,654	-452,134	1,570,330	-227,813	1,165,984	1,038,542	94,968	2,927	517,587	151,047	459,170	230,606	808,502	419,862	-643,777
Investing Activities
capital expenditure	-841,400	-1,140,013		-226,882	-347,030	-577,282	-185,650	-113,576	-28,769	-48,735	-112,583	-155,306	15,414	-38,830	-127,952
Change in Investments						-73,045	-4,886	13,412	6,731	55,984					2,551
cash flow from investments	-841,400	-1,140,013		-226,882	-347,030	-504,237	-180,764	-126,988	-35,500	-104,719	-112,583	-155,306	15,414	-38,830	-130,503
Financing Activities
Bank loans
Group/Directors Accounts	250,005	250,005	-180,000	105,000	-50,000	90,000	-65,000	38,002	11,998	50,000		-430,000	172,630	-42,630	300,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	733,379	418,210
other long term liabilities
share issue	327,392				-106,604	-116,909	-4,886	13,412		43,868					2,146,050
interest	-9,086	-87	68	-10,123	2,519	1,136	-1,752	-2,120	-1,670	-2,208	-4,266	1,278	1,090	8,326	1,585
cash flow from financing	1,301,690	668,128	-179,932	94,877	-154,085	-25,773	-71,638	49,294	10,328	91,660	-4,266	-428,722	173,720	-34,304	2,447,635
cash and cash equivalents
cash	865,134	-1,010,508	734,735	-443,728	316,596	240,764	-171,324	-49,663	-142,622	-134,920	-34,909	-598,598	760,346	153,667	592,919
overdraft	-151,810	69,590	16,168	-83,910	41,806	122,311	-13,890	25,105	-22,614	10,817	-62,029	65,886	27,264	-30,916	55,812
change in cash	1,016,944	-1,080,098	718,567	-359,818	274,790	118,453	-157,434	-74,768	-120,008	-145,737	27,120	-664,484	733,082	184,583	537,107

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CARDOWAN CREAMERIES LIMITED group structure

Cardowan Creameries Limited has no subsidiary companies.

Ultimate parent company

ENDLESS V (GP) LP

SL034223

K.T.C. (EDIBLES) LIMITED

01433723

2 parents

CARDOWAN CREAMERIES LIMITED

SC016247

CARDOWAN CREAMERIES LIMITED Shareholders

k t c (edibles) limited

100%

Cardowan Creameries Limited currently has 2 directors. The longest serving directors include Mr Paresh Mehta (Mar 2023) and Mr Mark Ward (Mar 2023).

officer	country	age	start	end	role
Mr Paresh Mehta	Scotland	53 years	Mar 2023	-	Director
Mr Mark Ward	United Kingdom	55 years	Mar 2023	-	Director

P&L

December 2023

turnover

20.6m

-13%

operating profit

909.3k

-9%

gross margin

10.1%

+19.14%

turnover

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

Balance Sheet

December 2023

net assets

4.1m

+0.32%

total assets

7.8m

+0.31%

cash

2.1m

+0.71%

net assets

Total assets minus all liabilities

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company number

SC016247

Type

Private limited with Share Capital

industry

10410 - Manufacture of oils and fats

incorporation date

December 1930

ultimate parent company

ENDLESS V (GP) LP

previous names

N/A

address

49 holywell street, glasgow, G31 4BT

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 6 charges/mortgages relating to cardowan creameries limited. Currently there are 4 open charges and 2 have been satisfied in the past.

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cardowan creameries limited Company Information

cardowan creameries limited Estimated Valuation

cardowan creameries limited Estimated Valuation

cardowan creameries limited Estimated Valuation

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CARDOWAN CREAMERIES LIMITED financials

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