grant brothers (meat canners) limited

4.5

grant brothers (meat canners) limited Company Information

Share GRANT BROTHERS (MEAT CANNERS) LIMITED
Live 
MatureMidDeclining

Company Number

SC020934

Registered Address

richmond bridge, galston, KA4 8JU

Industry

Processing and preserving of meat

 

Telephone

01563820401

Next Accounts Due

December 2024

Group Structure

View All

Directors

John Fallon24 Years

Shareholders

ardeeer research & marketing ltd 100%

grant brothers (meat canners) limited Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of GRANT BROTHERS (MEAT CANNERS) LIMITED at £4.3m based on a Turnover of £10.9m and 0.39x industry multiple (adjusted for size and gross margin).

grant brothers (meat canners) limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of GRANT BROTHERS (MEAT CANNERS) LIMITED at £2.2m based on an EBITDA of £565.3k and a 3.98x industry multiple (adjusted for size and gross margin).

grant brothers (meat canners) limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of GRANT BROTHERS (MEAT CANNERS) LIMITED at £5.7m based on Net Assets of £3.4m and 1.69x industry multiple (adjusted for liquidity).

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Grant Brothers (meat Canners) Limited Overview

Grant Brothers (meat Canners) Limited is a live company located in galston, KA4 8JU with a Companies House number of SC020934. It operates in the processing and preserving of meat sector, SIC Code 10110. Founded in April 1939, it's largest shareholder is ardeeer research & marketing ltd with a 100% stake. Grant Brothers (meat Canners) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.

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Grant Brothers (meat Canners) Limited Health Check

Pomanda's financial health check has awarded Grant Brothers (Meat Canners) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £10.9m, make it smaller than the average company (£21.1m)

£10.9m - Grant Brothers (meat Canners) Limited

£21.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.8%)

-5% - Grant Brothers (meat Canners) Limited

4.8% - Industry AVG

production

Production

with a gross margin of 16%, this company has a comparable cost of product (15.8%)

16% - Grant Brothers (meat Canners) Limited

15.8% - Industry AVG

profitability

Profitability

an operating margin of 4.6% make it more profitable than the average company (3%)

4.6% - Grant Brothers (meat Canners) Limited

3% - Industry AVG

employees

Employees

with 45 employees, this is below the industry average (94)

45 - Grant Brothers (meat Canners) Limited

94 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.7k, the company has a lower pay structure (£31.6k)

£23.7k - Grant Brothers (meat Canners) Limited

£31.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £242.5k, this is equally as efficient (£233.9k)

£242.5k - Grant Brothers (meat Canners) Limited

£233.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is later than average (39 days)

49 days - Grant Brothers (meat Canners) Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 69 days, this is slower than average (26 days)

69 days - Grant Brothers (meat Canners) Limited

26 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 66 days, this is more than average (21 days)

66 days - Grant Brothers (meat Canners) Limited

21 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (6 weeks)

13 weeks - Grant Brothers (meat Canners) Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.5%, this is a similar level of debt than the average (56.8%)

51.5% - Grant Brothers (meat Canners) Limited

56.8% - Industry AVG

GRANT BROTHERS (MEAT CANNERS) LIMITED financials

EXPORTms excel logo

Grant Brothers (Meat Canners) Limited's latest turnover from March 2023 is £10.9 million and the company has net assets of £3.4 million. According to their latest financial statements, Grant Brothers (Meat Canners) Limited has 45 employees and maintains cash reserves of £798.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover10,914,04111,124,34515,614,03312,867,2169,013,2129,052,5567,287,7855,996,8958,940,0079,304,4789,580,79910,708,7369,306,68810,101,491
Other Income Or Grants00000000000000
Cost Of Sales9,163,2508,920,10313,522,93011,173,6627,884,4787,950,4156,234,3705,114,2947,846,5638,345,4068,501,4289,523,7568,000,1529,105,266
Gross Profit1,750,7912,204,2422,091,1031,693,5541,128,7341,102,1411,053,415882,6011,093,444959,0721,079,3721,184,9801,306,536996,225
Admin Expenses1,244,7121,323,481110,5841,117,999888,407795,595930,236688,3211,233,117831,5571,028,9581,145,8821,113,483104,288
Operating Profit506,079880,7611,980,519575,555240,327306,546123,179194,280-139,673127,51550,41439,098193,053891,937
Interest Payable28,44426,96549,31959,16061,45961,26050,17122,314000000
Interest Receivable1,4680498165746159438542610313615
Pre-Tax Profit479,103853,7961,931,699516,559179,615245,44473,051172,050-139,631127,52150,42439,128193,089891,951
Tax-99,079-204,816-367,023-98,146-34,127-46,634-14,610-34,4100-29,330-12,102-10,173-54,065-249,746
Profit After Tax380,024648,9801,564,676418,413145,488198,81058,441137,640-139,63198,19138,32228,955139,024642,205
Dividends Paid600,000600,000000000000000
Retained Profit-219,97648,9801,564,676418,413145,488198,81058,441137,640-139,63198,19138,32228,955139,024642,205
Employee Costs1,064,5971,128,9141,586,1821,026,849872,1881,017,036861,303860,185878,111845,509853,6531,068,375954,9311,048,060
Number Of Employees4551553733403435373637454146
EBITDA*565,288944,0472,048,515649,187312,809370,610169,856230,995-107,263162,83587,71480,049240,793943,074

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,183,0021,148,6741,165,1421,138,6491,156,6281,270,8541,205,8441,111,470999,127755,990742,386744,456723,705689,956
Intangible Assets22,93423,76528,04327,10432,01235,60843,95746,1687,3529,80313,07117,42720,68127,574
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,205,9361,172,4391,193,1851,165,7531,188,6401,306,4621,249,8011,157,6381,006,479765,793755,457761,883744,386717,530
Stock & work in progress1,675,5751,035,0491,167,668789,575570,603575,863449,283421,705343,465519,627512,461569,777528,677369,124
Trade Debtors1,487,4622,366,3571,451,9391,657,931931,126939,565782,663418,1401,077,268963,372943,539986,233832,829866,800
Group Debtors1,637,9511,800,7551,463,945741,908812,879554,168561,534436,287000000
Misc Debtors185,04150,42063,63376,96780,14537,23249,21122,549000000
Cash798,7821,191,405817,210178,935150,79648,15615,38118,99014,9411,7914383,5808,6365,807
misc current assets00000000000000
total current assets5,784,8116,443,9864,964,3953,445,3162,545,5492,154,9841,858,0721,317,6711,435,6741,484,7901,456,4381,559,5901,370,1421,241,731
total assets6,990,7477,616,4256,157,5804,611,0693,734,1893,461,4463,107,8732,475,3092,442,1532,250,5832,211,8952,321,4732,114,5281,959,261
Bank overdraft0047,105187,012834,594499,065400,040167,756000000
Bank loan40,00048,00000053,33351,8580000000
Trade Creditors 1,748,5741,176,9141,221,9231,118,756845,972656,329710,197426,450870,279871,340908,4981,025,646802,540926,280
Group/Directors Accounts00000000000000
other short term finances1,037,2981,243,7200359,5830000000000
hp & lease commitments15,41830,44054,03741,38752,00332,05023,55615,943000000
other current liabilities210,397920,546654,029228,795230,428231,326103,529100,302000000
total current liabilities3,051,6873,419,6201,977,0941,935,5331,962,9971,472,1031,289,180710,451870,279871,340908,4981,025,646802,540926,280
loans402,859436,606485,169538,13720,356413,649466,982518,840000000
hp & lease commitments016,44733,95550,13783,79365,24975,26749,170000000
Accruals and Deferred Income000000017,802000000
other liabilities7,8407,8407,84000000491,698159,436181,121209,645246,474106,491
provisions136,997124,57291,16179,65675,92862,28155,49534,34032,78032,78032,78031,70839,99539,995
total long term liabilities547,696585,465618,125667,930180,077541,179597,744620,152524,478192,216213,901241,353286,469146,486
total liabilities3,599,3834,005,0852,595,2192,603,4632,143,0742,013,2821,886,9241,330,6031,394,7571,063,5561,122,3991,266,9991,089,0091,072,766
net assets3,391,3643,611,3403,562,3612,007,6061,591,1151,448,1641,220,9491,144,7061,047,3961,187,0271,089,4961,054,4741,025,519886,495
total shareholders funds3,391,3643,611,3403,562,3612,007,6061,591,1151,448,1641,220,9491,144,7061,047,3961,187,0271,089,4961,054,4741,025,519886,495
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit506,079880,7611,980,519575,555240,327306,546123,179194,280-139,673127,51550,41439,098193,053891,937
Depreciation51,79456,94060,46365,56362,34652,15944,33434,68129,95932,05232,94435,49740,84741,946
Amortisation7,4156,3467,5338,06910,13611,9052,3432,0342,4513,2684,3565,4546,8939,191
Tax-99,079-204,816-367,023-98,146-34,127-46,634-14,610-34,4100-29,330-12,102-10,173-54,065-249,746
Stock640,526-132,619378,093218,972-5,260126,58027,57878,240-176,1627,166-57,31641,100159,553369,124
Debtors-907,0781,238,015502,711652,656293,185137,557516,432-200,292113,89619,833-42,694153,404-33,971866,800
Creditors571,660-45,009103,167272,784189,643-53,868283,747-443,829-1,061-37,158-117,148223,106-123,740926,280
Accruals and Deferred Income-710,149266,517425,234-1,633-898127,797-14,575118,104000000
Deferred Taxes & Provisions12,42533,41111,5053,72813,6476,78621,1551,560001,072-8,287039,995
Cash flow from operations606,697-111,2461,340,594-45,708193,149140,554-98,437-5,528-46,05869,34859,54690,191-62,594423,679
Investing Activities
capital expenditure00-95,428-50,74545,340-120,725-138,840-187,874-273,096-45,656-30,874-58,448-74,596-768,667
Change in Investments00000000000000
cash flow from investments00-95,428-50,74545,340-120,725-138,840-187,874-273,096-45,656-30,874-58,448-74,596-768,667
Financing Activities
Bank loans-8,00048,00000-53,3331,47551,8580000000
Group/Directors Accounts00000000000000
Other Short Term Loans -206,4221,243,720-359,583359,5830000000000
Long term loans-33,747-48,563-52,968517,781-393,293-53,333-51,858518,840000000
Hire Purchase and Lease Commitments-31,469-41,105-3,532-44,27238,497-1,52433,71065,113000000
other long term liabilities007,8400000-491,698332,262-21,685-28,524-36,829139,983106,491
share issue0-1-9,921-1,922-2,53728,40517,802-40,3300-660-3,30000244,290
interest-26,976-26,965-48,821-58,995-60,713-61,101-50,128-22,22942610313615
cash flow from financing-306,6141,175,086-466,985772,175-471,379-86,0781,38429,696332,304-22,339-31,814-36,798140,019350,796
cash and cash equivalents
cash-392,623374,195638,27528,139102,64032,775-3,6094,04913,1501,353-3,142-5,0562,8295,807
overdraft0-47,105-139,907-647,582335,52999,025232,284167,756000000
change in cash-392,623421,300778,182675,721-232,889-66,250-235,893-163,70713,1501,353-3,142-5,0562,8295,807

grant brothers (meat canners) limited 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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Grant Brothers (meat Canners) Limited Competitor Analysis

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grant brothers (meat canners) limited Ownership

GRANT BROTHERS (MEAT CANNERS) LIMITED group structure

Grant Brothers (Meat Canners) Limited has no subsidiary companies.

Ultimate parent company

1 parent

GRANT BROTHERS (MEAT CANNERS) LIMITED

SC020934

GRANT BROTHERS (MEAT CANNERS) LIMITED Shareholders

ardeeer research & marketing ltd 100%

grant brothers (meat canners) limited directors

Grant Brothers (Meat Canners) Limited currently has 1 director, Mr John Fallon serving since May 2000.

officercountryagestartendrole
Mr John FallonScotland64 years May 2000- Director

P&L

March 2023

turnover

10.9m

-2%

operating profit

506.1k

-43%

gross margin

16.1%

-19.04%

turnover

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

Balance Sheet

March 2023

net assets

3.4m

-0.06%

total assets

7m

-0.08%

cash

798.8k

-0.33%

net assets

Total assets minus all liabilities

grant brothers (meat canners) limited company details

company number

SC020934

Type

Private limited with Share Capital

industry

10110 - Processing and preserving of meat

incorporation date

April 1939

age

85

accounts

Full Accounts

previous names

N/A

incorporated

UK

address

richmond bridge, galston, KA4 8JU

last accounts submitted

March 2023

grant brothers (meat canners) 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 12 charges/mortgages relating to grant brothers (meat canners) limited. Currently there are 5 open charges and 7 have been satisfied in the past.

charges

grant brothers (meat canners) limited Companies House Filings - See Documents

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