baxters food group limited

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baxters food group limited Company Information

Share BAXTERS FOOD GROUP LIMITED
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Company Number

SC023572

Registered Address

12 charlotte square, edinburgh, EH2 4DJ

Industry

Other processing and preserving of fruit and vegetables

 

Manufacture of other food products n.e.c.

 
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Telephone

08003898389

Next Accounts Due

January 2025

Group Structure

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Directors

Andrew Baxter35 Years

Audrey Baxter33 Years

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Shareholders

w a baxter and sons (holdings) ltd 100%

baxters food group limited Estimated Valuation

£566.2m

Pomanda estimates the enterprise value of BAXTERS FOOD GROUP LIMITED at £566.2m based on a Turnover of £454.9m and 1.24x industry multiple (adjusted for size and gross margin).

baxters food group limited Estimated Valuation

£311.7m

Pomanda estimates the enterprise value of BAXTERS FOOD GROUP LIMITED at £311.7m based on an EBITDA of £29.7m and a 10.49x industry multiple (adjusted for size and gross margin).

baxters food group limited Estimated Valuation

£187.1m

Pomanda estimates the enterprise value of BAXTERS FOOD GROUP LIMITED at £187.1m based on Net Assets of £106.6m and 1.76x industry multiple (adjusted for liquidity).

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Baxters Food Group Limited Overview

Baxters Food Group Limited is a live company located in edinburgh, EH2 4DJ with a Companies House number of SC023572. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in November 1945, it's largest shareholder is w a baxter and sons (holdings) ltd with a 100% stake. Baxters Food Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £454.9m with healthy growth in recent years.

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Baxters Food Group Limited Health Check

Pomanda's financial health check has awarded Baxters Food Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

7 Strong

positive_score

0 Regular

positive_score

5 Weak

size

Size

annual sales of £454.9m, make it larger than the average company (£22m)

£454.9m - Baxters Food Group Limited

£22m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.3%)

14% - Baxters Food Group Limited

4.3% - Industry AVG

production

Production

with a gross margin of 30.2%, this company has a lower cost of product (24.9%)

30.2% - Baxters Food Group Limited

24.9% - Industry AVG

profitability

Profitability

an operating margin of 2.1% make it less profitable than the average company (3%)

2.1% - Baxters Food Group Limited

3% - Industry AVG

employees

Employees

with 1784 employees, this is above the industry average (111)

1784 - Baxters Food Group Limited

111 - Industry AVG

paystructure

Pay Structure

on an average salary of £56.3k, the company has a higher pay structure (£37.9k)

£56.3k - Baxters Food Group Limited

£37.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £255k, this is more efficient (£162.6k)

£255k - Baxters Food Group Limited

£162.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 28 days, this is earlier than average (48 days)

28 days - Baxters Food Group Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 60 days, this is slower than average (44 days)

60 days - Baxters Food Group Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 112 days, this is more than average (38 days)

112 days - Baxters Food Group Limited

38 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)

1 weeks - Baxters Food Group Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 73.6%, this is a higher level of debt than the average (52.9%)

73.6% - Baxters Food Group Limited

52.9% - Industry AVG

BAXTERS FOOD GROUP LIMITED financials

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Baxters Food Group Limited's latest turnover from April 2023 is £454.9 million and the company has net assets of £106.6 million. According to their latest financial statements, Baxters Food Group Limited has 1,784 employees and maintains cash reserves of £5.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Apr 2017Apr 2016May 2015May 2014Jun 2013Jun 2012May 2011May 2010
Turnover454,877,000338,911,000332,245,000308,617,000302,047,000337,916,000296,719,000248,640,000225,598,000160,689,000156,993,000136,759,000125,844,000129,066,000
Other Income Or Grants00000000000000
Cost Of Sales317,602,000223,838,000214,146,000209,325,000203,692,000232,087,000199,128,000169,844,000158,541,000105,449,000104,310,00086,894,00077,556,00081,475,000
Gross Profit137,275,000115,073,000118,099,00099,292,00098,355,000105,829,00097,591,00078,796,00067,057,00055,240,00052,683,00049,865,00048,288,00047,591,000
Admin Expenses127,817,00096,292,00091,041,00077,270,00076,074,00089,564,00086,352,00066,250,00063,239,00051,060,00048,850,00043,966,00040,356,00039,449,000
Operating Profit9,458,00018,781,00027,058,00022,022,00022,281,00016,265,00011,239,00012,546,0003,818,0004,180,0003,833,0005,899,0007,932,0008,142,000
Interest Payable14,396,00010,492,0007,888,00013,959,00012,490,0009,494,00010,763,0006,682,0006,195,0005,203,0004,685,0003,997,0001,238,0003,467,000
Interest Receivable164,00011,00011,333,000316,000234,00010,000149,00014,000793,0004,521,0002,637,0002,704,00015,0002,057,000
Pre-Tax Profit-21,334,0005,099,00023,216,0004,413,00010,025,0007,329,000-675,0004,658,000-1,584,000146,0001,785,0004,606,0007,066,0006,732,000
Tax3,250,000-2,966,000-6,699,000-2,323,000-2,590,0001,472,000-867,000446,000228,000-123,000-1,202,000-2,395,000-2,034,000-843,000
Profit After Tax-18,084,0002,133,00016,517,0002,090,0007,435,0008,801,000-1,542,0005,104,000-1,356,00023,000583,0002,211,0005,032,0005,889,000
Dividends Paid0000001,007,0002,105,0002,015,0002,026,0001,403,0001,400,0001,403,0001,910,000
Retained Profit-18,084,0002,133,00016,517,0002,090,0007,435,0008,801,000-2,549,0002,999,000-3,371,000-2,003,000-820,000811,0003,629,0003,979,000
Employee Costs100,376,00081,478,00070,476,00059,655,00061,651,00054,995,00057,598,00040,781,00041,981,00033,217,00028,731,00025,785,00024,645,00023,448,000
Number Of Employees1,7841,8941,6601,3681,4141,5861,4631,5391,6001,154994908937955
EBITDA*29,721,00035,249,00042,957,00036,780,00032,217,00026,479,00021,646,00020,750,00011,507,00012,707,00011,124,00012,323,00013,205,00013,125,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Apr 2017Apr 2016May 2015May 2014Jun 2013Jun 2012May 2011May 2010
Tangible Assets169,515,000133,173,000148,000,000101,675,00079,738,00086,528,00099,519,00098,392,00097,642,00060,448,00066,640,00056,509,00054,584,00055,076,000
Intangible Assets104,246,000101,909,00099,861,000103,625,000100,277,000110,176,000121,291,000110,801,000106,740,00033,224,00038,429,00041,941,00026,961,00028,921,000
Investments & Other0015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,000
Debtors (Due After 1 year)20,277,0004,608,0007,597,0001,419,0002,464,00000487,000603,0001,051,000901,0001,028,000961,0001,553,000
Total Fixed Assets253,484,000230,474,000240,264,000203,881,000180,015,000196,704,000220,810,000209,193,000204,382,00094,738,000105,985,00099,493,00082,521,00085,565,000
Stock & work in progress98,250,00090,991,00069,125,00048,637,00053,335,00057,533,00048,723,00046,100,00039,082,00027,102,00026,388,00028,118,00020,487,00016,974,000
Trade Debtors36,048,00029,244,00032,534,00026,671,00023,205,00025,603,00029,846,00025,988,00025,574,00015,903,00018,574,00014,568,00011,025,00011,747,000
Group Debtors366,000363,000363,000363,000362,000362,000363,000363,000363,000363,000363,000363,000363,000365,000
Misc Debtors8,957,0006,630,0008,362,0005,048,0006,809,0004,906,0004,022,0005,315,0003,709,0004,502,0003,530,0004,160,0004,415,0004,654,000
Cash5,306,0008,947,0007,038,00014,289,00016,462,00019,527,00012,550,0008,549,00014,219,0004,357,000950,000576,0001,000,0003,502,000
misc current assets164,000064,000262,0000386,000255,000751,000969,00000000
total current assets149,491,000136,275,000119,417,00095,520,000100,276,000108,317,00095,759,00087,066,00083,916,00052,227,00049,805,00047,785,00037,290,00037,242,000
total assets402,975,000366,749,000359,681,000299,401,000280,291,000305,021,000316,569,000296,259,000288,298,000146,965,000155,790,000147,278,000119,811,000122,807,000
Bank overdraft00000000016,411,00012,436,0009,148,0006,011,0006,342,000
Bank loan004,510,0003,227,00017,951,00021,622,00019,925,00041,661,00031,739,0005,000,0009,497,0005,644,0003,113,0002,893,000
Trade Creditors 52,952,00058,164,00052,140,00039,417,00038,116,00041,640,00038,887,00029,153,00027,766,00015,950,00015,441,00013,960,0009,931,00010,265,000
Group/Directors Accounts00000000000000
other short term finances164,941,0009,593,0000000159,000571,000583,0001,197,0001,388,0001,023,0001,056,000538,000
hp & lease commitments004,442,0004,283,00080,00061,00026,000000001,0008,000
other current liabilities25,919,00018,098,00018,631,00017,103,00014,036,00017,319,00013,192,00014,520,00010,864,0008,699,0009,386,0008,326,0004,797,0006,151,000
total current liabilities243,812,00085,855,00079,723,00064,030,00070,183,00080,642,00072,189,00085,905,00070,952,00047,257,00048,148,00038,101,00024,909,00026,197,000
loans43,368,000310,832,000306,824,000236,866,000185,218,000219,874,000248,874,000192,016,000214,370,00022,870,00022,878,00023,612,00011,426,00016,002,000
hp & lease commitments0019,535,00023,124,00043,000111,00059,0000000000
Accruals and Deferred Income584,000585,000617,000690,000721,000728,000743,000769,000911,0000001,073,0000
other liabilities000000011,066,0008,187,00000000
provisions60,578,00039,504,00053,336,00032,938,00047,108,00071,300,00088,132,00052,346,00054,468,0003,212,0003,829,0003,123,0002,154,0002,473,000
total long term liabilities52,557,000175,753,000180,697,000135,592,000116,884,000146,315,000169,246,000134,016,000143,517,00028,779,00029,333,00031,849,00016,641,00021,740,000
total liabilities296,369,000261,608,000260,420,000199,622,000187,067,000226,957,000241,435,000219,921,000214,469,00076,036,00077,481,00069,950,00041,550,00047,937,000
net assets106,606,000105,141,00099,261,00099,779,00093,224,00078,064,00075,134,00076,338,00073,829,00070,929,00078,309,00077,328,00078,261,00074,870,000
total shareholders funds106,606,000105,141,00099,261,00099,779,00093,224,00078,064,00075,134,00076,338,00073,829,00070,929,00078,309,00077,328,00078,261,00074,870,000
Apr 2023Apr 2022Mar 2021Mar 2020Mar 2019Mar 2018Apr 2017Apr 2016May 2015May 2014Jun 2013Jun 2012May 2011May 2010
Operating Activities
Operating Profit9,458,00018,781,00027,058,00022,022,00022,281,00016,265,00011,239,00012,546,0003,818,0004,180,0003,833,0005,899,0007,932,0008,142,000
Depreciation18,192,00014,823,00014,152,00012,720,0008,233,0008,671,0008,993,0006,989,0006,617,0005,869,0004,287,0004,014,0003,464,0003,400,000
Amortisation2,071,0001,645,0001,747,0002,038,0001,703,0001,543,0001,414,0001,215,0001,072,0002,658,0003,004,0002,410,0001,809,0001,583,000
Tax3,250,000-2,966,000-6,699,000-2,323,000-2,590,0001,472,000-867,000446,000228,000-123,000-1,202,000-2,395,000-2,034,000-843,000
Stock7,259,00021,866,00020,488,000-4,698,000-4,198,0008,810,0002,623,0007,018,00011,980,000714,000-1,730,0007,631,0003,513,00016,974,000
Debtors24,803,000-8,011,00015,355,000661,0001,969,000-3,360,0002,078,0001,904,0008,430,000-1,549,0003,249,0003,355,000-1,555,00018,319,000
Creditors-5,212,0006,024,00012,723,0001,301,000-3,524,0002,753,0009,734,0001,387,00011,816,000509,0001,481,0004,029,000-334,00010,265,000
Accruals and Deferred Income7,820,000-565,0001,455,0003,036,000-3,290,0004,112,000-1,354,0003,514,0003,076,000-687,0001,060,0002,456,000-281,0006,151,000
Deferred Taxes & Provisions21,074,000-13,832,00020,398,000-14,170,000-24,192,000-16,832,00035,786,000-2,122,00051,256,000-617,000706,000969,000-319,0002,473,000
Cash flow from operations24,591,00010,055,00034,991,00028,661,000850,00012,534,00060,244,00015,053,00057,473,00012,624,00011,650,0006,396,0008,279,000-4,122,000
Investing Activities
capital expenditure-58,942,000-3,689,000-58,460,000-40,043,0006,753,00013,892,000-22,024,000-13,015,000-118,399,000-2,507,000-7,693,000-21,504,000-3,570,000-3,404,000
Change in Investments0-15,0000000000000015,000
cash flow from investments-58,942,000-3,674,000-58,460,000-40,043,0006,753,00013,892,000-22,024,000-13,015,000-118,399,000-2,507,000-7,693,000-21,504,000-3,570,000-3,419,000
Financing Activities
Bank loans0-4,510,0001,283,000-14,724,000-3,671,0001,697,000-21,736,0009,922,00026,739,000-4,497,0003,853,0002,531,000220,0002,893,000
Group/Directors Accounts00000000000000
Other Short Term Loans 155,348,0009,593,000000-159,000-412,000-12,000-614,000-191,000365,000-33,000518,000538,000
Long term loans-267,464,0004,008,00069,958,00051,648,000-34,656,000-29,000,00056,858,000-22,354,000191,500,000-8,000-734,00012,186,000-4,576,00016,002,000
Hire Purchase and Lease Commitments0-23,977,000-3,430,00027,284,000-49,00087,00085,0000000-1,000-7,0008,000
other long term liabilities000000-11,066,0002,879,0008,187,00000000
share issue19,549,0003,747,000-17,035,0004,465,0007,725,000-5,871,0001,345,000-490,0006,271,000-5,377,0001,801,000-1,744,000-238,00070,891,000
interest-14,232,000-10,481,0003,445,000-13,643,000-12,256,000-9,484,000-10,614,000-6,668,000-5,402,000-682,000-2,048,000-1,293,000-1,223,000-1,410,000
cash flow from financing-106,799,000-21,620,00054,221,00055,030,000-42,907,000-42,730,00014,460,000-16,723,000226,681,000-10,755,0003,237,00011,646,000-5,306,00088,922,000
cash and cash equivalents
cash-3,641,0001,909,000-7,251,000-2,173,000-3,065,0006,977,0004,001,000-5,670,0009,862,0003,407,000374,000-424,000-2,502,0003,502,000
overdraft00000000-16,411,0003,975,0003,288,0003,137,000-331,0006,342,000
change in cash-3,641,0001,909,000-7,251,000-2,173,000-3,065,0006,977,0004,001,000-5,670,00026,273,000-568,000-2,914,000-3,561,000-2,171,000-2,840,000

baxters food group limited Credit Report and Business Information

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High Risk20 - 30
Very High Risk0 - 20
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Baxters Food Group Limited Competitor Analysis

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baxters food group limited Ownership

BAXTERS FOOD GROUP LIMITED Shareholders

w a baxter and sons (holdings) ltd 100%

baxters food group limited directors

Baxters Food Group Limited currently has 4 directors. The longest serving directors include Mr Andrew Baxter (Apr 1989) and Miss Audrey Baxter (Dec 1990).

officercountryagestartendrole
Mr Andrew BaxterScotland65 years Apr 1989- Director
Miss Audrey Baxter63 years Dec 1990- Director
Mr Kieran SlevinScotland60 years Sep 2022- Director
Miss Catherine McNiven-BaxterScotland30 years Apr 2024- Director

P&L

April 2023

turnover

454.9m

+34%

operating profit

9.5m

-50%

gross margin

30.2%

-11.12%

turnover

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

Balance Sheet

April 2023

net assets

106.6m

+0.01%

total assets

403m

+0.1%

cash

5.3m

-0.41%

net assets

Total assets minus all liabilities

baxters food group limited company details

company number

SC023572

Type

Private limited with Share Capital

industry

10390 - Other processing and preserving of fruit and vegetables

10890 - Manufacture of other food products n.e.c.

10850 - Manufacture of prepared meals and dishes

incorporation date

November 1945

age

79

accounts

Group

previous names

w.a. baxter & sons limited (December 2006)

incorporated

UK

address

12 charlotte square, edinburgh, EH2 4DJ

last accounts submitted

April 2023

baxters food group 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 28 charges/mortgages relating to baxters food group limited. Currently there are 15 open charges and 13 have been satisfied in the past.

charges

baxters food group limited Companies House Filings - See Documents

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