Clova Farms Limited

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clova farms limited Company Information

Live

MatureMidRapid

Company Number

SC021624

Website

Registered Address

westby, 64 west high street, forfar, angus, DD8 1BJ

Industry

Mixed farming

Telephone

01241852827

Next Accounts Due

March 2025

Group Structure

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Directors

Hugh Niven35 Years

Michael Niven7 Years

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Shareholders

linlathen farms ltd 100%

hugh niven 0%

clova farms limited Estimated Valuation

£29.3m

Pomanda estimates the enterprise value of CLOVA FARMS LIMITED at £29.3m based on Net Assets of £21.7m and 1.35x industry multiple (adjusted for liquidity).

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Clova Farms Limited is a live company located in forfar, DD8 1BJ with a Companies House number of SC021624. It operates in the mixed farming sector, SIC Code 01500. Founded in January 1941, it's largest shareholder is linlathen farms ltd with a 100% stake. Clova Farms Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Clova Farms Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £9.1m, make it larger than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (8.4%)

EXPORT

Clova Farms Limited's latest turnover from June 2023 is estimated at £9.1 million and the company has net assets of £21.7 million. According to their latest financial statements, Clova Farms Limited has 25 employees and maintains cash reserves of £4.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Mar 2012	Mar 2011	Mar 2010
Turnover	9,138,930	5,757,044	5,446,232	3,138,730	4,763,484	2,698,500	2,855,850	35,058	29,149,548	36,715,928	34,026,745	25,131,894	24,054,243	22,988,368	20,683,084
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,936,513	3,759,481	3,620,000	2,094,624	3,158,337	1,714,342	1,831,949	22,469	19,051,749	23,563,348	22,506,051	15,811,668	14,269,150	14,194,820	13,016,209
Gross Profit	3,202,417	1,997,563	1,826,232	1,044,106	1,605,147	984,158	1,023,901	12,590	10,097,800	13,152,580	11,520,694	9,320,226	9,785,093	8,793,548	7,666,876
Admin Expenses	1,305,708	-1,634,170	-6,770,157	-65,478	-796,194	-747,359	705,101	-423,707	10,010,459	12,878,371	10,520,527	8,977,268	9,579,180	8,269,827	-1,139,139
Operating Profit	1,896,709	3,631,733	8,596,389	1,109,584	2,401,341	1,731,517	318,800	436,297	87,341	274,209	1,000,167	342,958	205,913	523,721	8,806,015
Interest Payable	626,354	335,162	327,603	415,093	524,085	604,499	298,231	0	0	0	0	0	0	0	0
Interest Receivable	10,070	3,678	116	29	2,876	2,819	7	3	4	4	6	12	9	8	0
Pre-Tax Profit	1,280,424	3,300,248	8,268,901	694,520	1,880,132	1,129,837	20,577	436,300	87,345	274,213	1,000,173	342,970	205,922	523,729	8,806,015
Tax	-320,106	-627,047	-1,571,091	-131,959	-357,225	-214,669	-3,910	-87,260	-17,469	-57,585	-230,040	-82,313	-53,540	-146,644	-2,465,684
Profit After Tax	960,318	2,673,201	6,697,810	562,561	1,522,907	915,168	16,667	349,040	69,876	216,628	770,133	260,657	152,382	377,085	6,340,331
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	960,318	2,673,201	6,697,810	562,561	1,522,907	915,168	16,667	349,040	69,876	216,628	770,133	260,657	152,382	377,085	6,340,331
Employee Costs	652,347	579,051	531,214	907,732	722,254	302,756	734,144	24,707	6,451,903	7,628,048	6,948,165	4,652,488	5,344,359	5,344,715	5,113,931
Number Of Employees	25	23	22	37	29	13	30	1	232	291	271	185	218	229	235
EBITDA*	2,477,394	4,029,710	8,920,663	1,241,832	2,599,911	1,893,793	380,285	451,433	95,133	278,974	1,005,342	347,505	212,733	530,541	8,812,835

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	27,633,154	27,682,609	23,757,765	24,769,366	24,513,703	26,128,551	25,399,173	4,268,710	4,225,096	4,232,892	4,237,657	4,242,832	4,247,380	4,254,200	4,261,020
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	38,841	52,587	33,304	14,638	14,638	75,233	75,233	100	100	100	100	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	27,671,995	27,735,196	23,791,069	24,784,004	24,528,341	26,203,784	25,474,406	4,268,810	4,225,196	4,232,992	4,237,757	4,242,832	4,247,380	4,254,200	4,261,020
Stock & work in progress	1,893,156	1,546,860	1,376,046	1,555,609	1,467,352	1,444,454	1,807,257	0	0	0	0	0	0	0	0
Trade Debtors	1,286,013	791,801	734,756	164,610	648,048	327,728	289,947	3,600	3,827,109	4,236,066	4,276,309	3,392,169	3,299,473	3,304,584	2,780,805
Group Debtors	11,518	0	112,869	117,682	116,962	0	0	0	0	0	0	0	0	0	0
Misc Debtors	103,786	42,233	353,926	463,100	82,690	799,458	1,933,793	4,256,000	0	0	0	0	0	0	0
Cash	4,233	398,553	189,911	41,556	16,646	750,361	1,410	1,335	948	770	840	1,494	12	3,388	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,298,706	2,779,447	2,767,508	2,342,557	2,331,698	3,322,001	4,032,407	4,260,935	3,828,057	4,236,836	4,277,149	3,393,663	3,299,485	3,307,972	2,780,805
total assets	30,970,701	30,514,643	26,558,577	27,126,561	26,860,039	29,525,785	29,506,813	8,529,745	8,053,253	8,469,828	8,514,906	7,636,495	7,546,865	7,562,172	7,041,825
Bank overdraft	1,620,984	0	0	127,898	16,485	0	233,542	0	0	0	0	0	0	0	0
Bank loan	177,697	172,175	166,428	161,187	165,519	430,481	387,019	0	0	0	0	0	0	0	0
Trade Creditors	710,898	453,820	536,597	570,121	742,779	455,491	400,343	4,397	15,543	501,994	763,700	655,422	674,067	841,756	698,494
Group/Directors Accounts	173,399	235,130	109,125	4,391,030	58,030	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	133,525	135,225	44,135	179,297	165,032	228,875	89,275	17,509	0	0	0	0	0	0	0
other current liabilities	1,365,431	2,933,905	3,431,459	3,400,887	7,893,406	10,235,356	11,093,027	97,201	0	0	0	0	0	0	0
total current liabilities	4,181,934	3,930,255	4,287,744	8,830,420	9,041,251	11,350,203	12,203,206	119,107	15,543	501,994	763,700	655,422	674,067	841,756	698,494
loans	4,268,897	5,148,505	3,758,753	6,526,825	6,611,692	8,304,281	8,555,764	0	0	0	0	0	0	0	0
hp & lease commitments	32,750	166,275	0	44,135	117,673	401,289	216,976	23,888	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	20,800	74,713	0	0	0	0	0	0	0	0
provisions	751,738	494,544	410,217	321,128	247,931	130,627	52,737	0	0	0	0	0	0	0	0
total long term liabilities	5,053,385	5,809,324	4,168,970	6,892,088	6,977,296	8,856,997	8,900,190	23,888	0	0	0	0	0	0	0
total liabilities	9,235,319	9,739,579	8,456,714	15,722,508	16,018,547	20,207,200	21,103,396	142,995	15,543	501,994	763,700	655,422	674,067	841,756	698,494
net assets	21,735,382	20,775,064	18,101,863	11,404,053	10,841,492	9,318,585	8,403,417	8,386,750	8,037,710	7,967,834	7,751,206	6,981,073	6,872,798	6,720,416	6,343,331
total shareholders funds	21,735,382	20,775,064	18,101,863	11,404,053	10,841,492	9,318,585	8,403,417	8,386,750	8,037,710	7,967,834	7,751,206	6,981,073	6,872,798	6,720,416	6,343,331

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,896,709	3,631,733	8,596,389	1,109,584	2,401,341	1,731,517	318,800	436,297	87,341	274,209	1,000,167	342,958	205,913	523,721	8,806,015
Depreciation	580,685	397,977	324,274	132,248	198,570	162,276	61,485	15,136	7,792	4,765	5,175	4,547	6,820	6,820	6,820
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-320,106	-627,047	-1,571,091	-131,959	-357,225	-214,669	-3,910	-87,260	-17,469	-57,585	-230,040	-82,313	-53,540	-146,644	-2,465,684
Stock	346,296	170,814	-179,563	88,257	22,898	-362,803	1,807,257	0	0	0	0	0	0	0	0
Debtors	567,283	-367,517	456,159	-102,308	-279,486	-1,096,554	-2,035,860	432,491	-408,957	-40,243	884,140	87,585	-5,111	523,779	2,780,805
Creditors	257,078	-82,777	-33,524	-172,658	287,288	55,148	395,946	-11,146	-486,451	-261,706	108,278	-186,334	-167,689	143,262	698,494
Accruals and Deferred Income	-1,568,474	-497,554	30,572	-4,492,519	-2,341,950	-857,671	10,995,826	97,201	0	0	0	0	0	0	0
Deferred Taxes & Provisions	257,194	84,327	89,089	73,197	117,304	77,890	52,737	0	0	0	0	0	0	0	0
Cash flow from operations	189,507	3,103,362	7,159,113	-3,468,056	561,916	2,413,848	12,049,487	17,737	170	-74	-560	-8,727	-3,385	3,380	4,264,840
Investing Activities
capital expenditure	-531,230	-4,322,821	687,327	-387,911	1,416,278	-891,654	-21,191,948	-58,750	4	0	0	6,821	0	0	-4,267,840
Change in Investments	-13,746	19,283	18,666	0	-60,595	0	75,133	0	0	0	100	0	0	0	0
cash flow from investments	-517,484	-4,342,104	668,661	-387,911	1,476,873	-891,654	-21,267,081	-58,750	4	0	-100	6,821	0	0	-4,267,840
Financing Activities
Bank loans	5,522	5,747	5,241	-4,332	-264,962	43,462	387,019	0	0	0	0	0	0	0	0
Group/Directors Accounts	-61,731	126,005	-4,281,905	4,333,000	58,030	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-879,608	1,389,752	-2,768,072	-84,867	-1,692,589	-251,483	8,555,764	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-135,225	257,365	-179,297	-59,273	-347,459	323,913	264,854	41,397	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-20,800	-53,913	74,713	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000
interest	-616,284	-331,484	-327,487	-415,064	-521,209	-601,680	-298,224	3	4	4	6	12	9	8	0
cash flow from financing	-1,687,326	1,447,385	-7,551,520	3,769,464	-2,788,989	-539,701	8,984,126	41,400	4	4	6	12	9	8	3,000
cash and cash equivalents
cash	-394,320	208,642	148,355	24,910	-733,715	748,951	75	387	178	-70	-654	-1,894	-3,376	3,388	0
overdraft	1,620,984	0	-127,898	111,413	16,485	-233,542	233,542	0	0	0	0	0	0	0	0
change in cash	-2,015,304	208,642	276,253	-86,503	-750,200	982,493	-233,467	387	178	-70	-654	-1,894	-3,376	3,388	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLOVA FARMS LIMITED group structure

Clova Farms Limited has 2 subsidiary companies.

Ultimate parent company

LINLATHEN FARMS LIMITED

SC038541

1 parent

CLOVA FARMS LIMITED

SC021624

2 subsidiaries

REDWOOD RETREATS LIMITED

SC443006

RIVERRELATE LIMITED

SC256746

CLOVA FARMS LIMITED Shareholders

linlathen farms ltd	99.97%
hugh niven	0.03%

Clova Farms Limited currently has 3 directors. The longest serving directors include Mr Hugh Niven (Dec 1988) and Mr Michael Niven (Apr 2017).

officer	country	age	start	end	role
Mr Hugh Niven	Scotland	65 years	Dec 1988	-	Director
Mr Michael Niven	Scotland	34 years	Apr 2017	-	Director
Mrs Jane Niven	Scotland	64 years	Apr 2017	-	Director

P&L

June 2023

turnover

9.1m

+59%

operating profit

1.9m

gross margin

35.1%

+0.99%

turnover

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

Balance Sheet

June 2023

net assets

21.7m

+0.05%

total assets

31m

+0.01%

cash

4.2k

-0.99%

net assets

Total assets minus all liabilities

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company number

SC021624

Type

Private limited with Share Capital

industry

01500 - Mixed farming

incorporation date

January 1941

age

accounts

Total Exemption Full

ultimate parent company

LINLATHEN FARMS LIMITED

previous names

linlathen estates limited (April 2017)

incorporated

address

westby, 64 west high street, forfar, angus, DD8 1BJ

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 12 charges/mortgages relating to clova farms limited. Currently there are 10 open charges and 2 have been satisfied in the past.

clova farms limited Company Information

clova farms limited Estimated Valuation

clova farms limited Estimated Valuation

clova farms limited Estimated Valuation

Clova Farms Limited Overview

Clova Farms Limited Health Check

CLOVA FARMS LIMITED financials

clova farms limited Credit Report and Business Information

Clova Farms Limited Competitor Analysis

clova farms limited Ownership

clova farms limited directors

clova farms limited company details

clova farms limited Charges & Mortgages

clova farms limited Companies House Filings - See Documents