albert bartlett & sons (airdrie) limited

albert bartlett & sons (airdrie) limited Company Information

Share ALBERT BARTLETT & SONS (AIRDRIE) LIMITED
Live 
MatureMegaHealthy

Company Number

SC037896

Industry

Wholesale of fruit and vegetables

 

Growing of vegetables and melons, roots and tubers

 
View All 

Shareholders

bartlett international holdings ltd

Group Structure

View All

Contact

Registered Address

new monkland, 251 stirling road, airdrie, lanarkshire, ML6 7SP

albert bartlett & sons (airdrie) limited Estimated Valuation

£268.3m

Pomanda estimates the enterprise value of ALBERT BARTLETT & SONS (AIRDRIE) LIMITED at £268.3m based on a Turnover of £239.9m and 1.12x industry multiple (adjusted for size and gross margin).

albert bartlett & sons (airdrie) limited Estimated Valuation

£172.9m

Pomanda estimates the enterprise value of ALBERT BARTLETT & SONS (AIRDRIE) LIMITED at £172.9m based on an EBITDA of £16.9m and a 10.24x industry multiple (adjusted for size and gross margin).

albert bartlett & sons (airdrie) limited Estimated Valuation

£89.4m

Pomanda estimates the enterprise value of ALBERT BARTLETT & SONS (AIRDRIE) LIMITED at £89.4m based on Net Assets of £48.4m and 1.85x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Albert Bartlett & Sons (airdrie) Limited Overview

Albert Bartlett & Sons (airdrie) Limited is a live company located in airdrie, ML6 7SP with a Companies House number of SC037896. It operates in the growing of vegetables and melons, roots and tubers sector, SIC Code 01130. Founded in August 1962, it's largest shareholder is bartlett international holdings ltd with a 100% stake. Albert Bartlett & Sons (airdrie) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £239.9m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Albert Bartlett & Sons (airdrie) Limited Health Check

Pomanda's financial health check has awarded Albert Bartlett & Sons (Airdrie) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £239.9m, make it larger than the average company (£19.7m)

£239.9m - Albert Bartlett & Sons (airdrie) Limited

£19.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.1%)

11% - Albert Bartlett & Sons (airdrie) Limited

5.1% - Industry AVG

production

Production

with a gross margin of 28.1%, this company has a lower cost of product (19.1%)

28.1% - Albert Bartlett & Sons (airdrie) Limited

19.1% - Industry AVG

profitability

Profitability

an operating margin of 3.3% make it more profitable than the average company (2%)

3.3% - Albert Bartlett & Sons (airdrie) Limited

2% - Industry AVG

employees

Employees

with 1277 employees, this is above the industry average (111)

1277 - Albert Bartlett & Sons (airdrie) Limited

111 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.4k, the company has an equivalent pay structure (£32.1k)

£32.4k - Albert Bartlett & Sons (airdrie) Limited

£32.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £187.9k, this is less efficient (£224k)

£187.9k - Albert Bartlett & Sons (airdrie) Limited

£224k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 46 days, this is near the average (39 days)

46 days - Albert Bartlett & Sons (airdrie) Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is quicker than average (40 days)

31 days - Albert Bartlett & Sons (airdrie) Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 24 days, this is in line with average (22 days)

24 days - Albert Bartlett & Sons (airdrie) Limited

22 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Albert Bartlett & Sons (airdrie) Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.6%, this is a similar level of debt than the average (60.5%)

63.6% - Albert Bartlett & Sons (airdrie) Limited

60.5% - Industry AVG

ALBERT BARTLETT & SONS (AIRDRIE) LIMITED financials

EXPORTms excel logo

Albert Bartlett & Sons (Airdrie) Limited's latest turnover from May 2023 is £239.9 million and the company has net assets of £48.4 million. According to their latest financial statements, Albert Bartlett & Sons (Airdrie) Limited has 1,277 employees and maintains cash reserves of £679.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover239,922,037196,786,640193,714,004177,151,470149,035,506130,475,261145,677,090123,867,417117,367,517146,193,766165,101,238119,070,423129,959,444114,872,156
Other Income Or Grants00000000000000
Cost Of Sales172,509,165145,621,637140,147,959130,187,302106,382,66494,270,361113,418,59579,218,62666,282,33594,544,284117,032,06977,437,69992,566,83279,111,215
Gross Profit67,412,87251,165,00353,566,04546,964,16842,652,84236,204,90032,258,49544,648,79151,085,18251,649,48248,069,16941,632,72437,392,61235,760,941
Admin Expenses59,473,79248,281,02841,693,32539,664,44938,189,42130,807,89130,410,29042,537,16543,054,90941,510,48938,100,17433,641,91830,080,36525,634,506
Operating Profit7,939,0802,883,97511,872,7207,299,7194,463,4215,397,0091,848,2052,111,6268,030,27310,138,9939,968,9957,990,8067,312,24710,126,435
Interest Payable1,042,944473,251411,991477,337527,558564,693714,669531,705363,955419,439712,906595,5731,058,0161,048,063
Interest Receivable6,02124,778676,4911,217,5991,641,473778,439780,755659,414481,794434,686307,386338,418434,016449,389
Pre-Tax Profit6,902,1572,335,50212,137,2207,789,9845,577,3365,119,7963,230,3102,239,3353,158,08210,154,2409,563,4757,733,6516,688,2479,865,637
Tax-1,937,206-291,931-2,507,550-2,754,727-1,616,952-1,236,211-1,474,782-1,133,340-3,120,494-2,963,277-2,913,456-703,327-3,512,734-2,363,027
Profit After Tax4,964,9512,043,5719,629,6705,035,2573,960,3843,883,5851,755,5281,105,99537,5887,190,9636,650,0197,030,3243,175,5137,502,610
Dividends Paid1,700,0006,500,0003,600,0001,500,1001,300,000500,0004,191,0003,600,0003,400,0002,400,0003,610,0001,400,00001,500,000
Retained Profit3,264,951-4,456,4296,029,6703,535,1572,660,3843,383,585-2,435,472-2,494,005-3,362,4124,790,9633,040,0195,630,3243,175,5136,002,610
Employee Costs41,341,04836,981,86629,512,29628,593,39418,433,96921,034,15820,401,61020,785,93618,569,91818,764,85817,438,42416,991,42117,192,22016,288,741
Number Of Employees1,2771,2221,0961,073814750755774733762750758779752
EBITDA*16,890,84713,324,24819,963,62612,454,5319,228,5577,977,6944,219,0854,968,97510,462,46912,066,39012,059,07210,114,9949,676,95113,256,044

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets55,038,70660,198,66153,741,97847,851,15639,085,50338,176,77524,885,47725,468,57125,194,06621,598,34622,470,15022,720,10624,075,71724,989,437
Intangible Assets191,692225,192258,692292,192135,000150,00000000000
Investments & Other1,434,6871,434,6871,434,6871,434,6871,684,6841,434,6861,434,6861,409,6861,409,6866,368,8806,368,88030,8432,530,8432,530,843
Debtors (Due After 1 year)16,684,98814,698,66812,544,06312,156,243000026,004,08222,554,53917,835,813000
Total Fixed Assets73,350,07376,557,20867,979,42061,734,27840,905,18739,761,46126,320,16326,878,25752,607,83450,521,76546,674,84322,750,94926,606,56027,520,280
Stock & work in progress11,704,8108,825,2278,175,8879,962,82214,335,2238,683,40914,365,35613,948,2869,721,28510,854,32717,880,48310,944,6459,729,4455,540,000
Trade Debtors30,540,93125,051,74229,184,78826,922,92824,298,06017,304,23117,479,70314,228,18014,772,02315,920,34124,015,85315,655,00417,791,15315,470,422
Group Debtors6,771,0416,035,4615,298,5935,866,21018,143,04818,253,38120,097,51021,041,58200016,093,95017,010,14817,077,092
Misc Debtors10,008,2377,718,44710,288,0769,071,1654,277,1615,358,3244,663,5383,742,0194,993,6024,193,0872,906,5023,323,1441,751,6152,055,458
Cash679,171361,143312,722503,098919,813241,161368,541256,645754,4732,482,7441,751,768713,65901,018
misc current assets00000000000000
total current assets59,704,19047,992,02053,260,06652,326,22361,973,30549,840,50656,974,64853,216,71230,241,38333,450,49946,554,60646,730,40246,282,36140,143,990
total assets133,054,263124,549,228121,239,486114,060,501102,878,49289,601,96783,294,81180,094,96982,849,21783,972,26493,229,44969,481,35172,888,92167,664,270
Bank overdraft00000000000022,739,95120,063,495
Bank loan000000000019,500,0004,000,07200
Trade Creditors 14,700,07716,654,69312,401,31613,754,6779,678,07711,584,37811,288,7519,878,3646,202,2057,711,64311,821,1038,103,27410,575,4556,643,180
Group/Directors Accounts16,992,11215,710,42413,635,20311,046,9316,772,9364,326,7425,500,0001,000,0003,250,0003,250,0000001,496,500
other short term finances3,168,3076,649,0052,935,281005,496,8248,280,35000000300,548300,548
hp & lease commitments4,794,4385,049,4384,755,0231,739,9692,034,699777,5661,893,3171,871,7241,530,96342,267116,731750,88579,130383,353
other current liabilities18,250,55311,217,16911,203,97224,535,72619,823,2206,986,2397,686,96612,651,83019,399,55516,573,14510,384,5328,681,8028,847,7108,475,180
total current liabilities57,905,48755,280,72944,930,79551,077,30338,308,93229,171,74934,649,38425,401,91830,382,72327,577,05541,822,36621,536,03342,542,79437,362,256
loans13,853,8908,439,45010,521,00010,590,40013,979,20018,633,20012,250,00015,250,0009,625,00012,875,00012,500,00012,000,00003,005,882
hp & lease commitments6,668,59711,462,88512,605,0774,904,2676,644,2361,283,9351,266,5871,845,6392,716,977042,26774,5392,8780
Accruals and Deferred Income3,530,0643,381,8893,266,2483,537,9193,876,3813,103,7241,103,0661,136,166000000
other liabilities00000000000000
provisions2,653,133806,134281,796345,712000000102,331145,331184,500249,260
total long term liabilities26,705,68424,090,35826,674,12119,378,29824,499,81723,020,85914,619,65318,231,80512,341,97712,875,00012,644,59812,219,870187,3783,255,142
total liabilities84,611,17179,371,08771,604,91670,455,60162,808,74952,192,60849,269,03743,633,72342,724,70040,452,05554,466,96433,755,90342,730,17240,617,398
net assets48,443,09245,178,14149,634,57043,604,90040,069,74337,409,35934,025,77436,461,24640,124,51743,520,20938,762,48535,725,44830,158,74927,046,872
total shareholders funds48,443,09245,178,14149,634,57043,604,90040,069,74337,409,35934,025,77436,461,24640,124,51743,520,20938,762,48535,725,44830,158,74927,046,872
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit7,939,0802,883,97511,872,7207,299,7194,463,4215,397,0091,848,2052,111,6268,030,27310,138,9939,968,9957,990,8067,312,24710,126,435
Depreciation8,918,26710,406,7738,054,6565,127,0044,750,1362,580,6852,370,8802,857,3492,432,1961,927,3972,090,0772,124,1882,364,7042,129,609
Amortisation33,50033,50036,25027,80815,000000000001,000,000
Tax-1,937,206-291,931-2,507,550-2,754,727-1,616,952-1,236,211-1,474,782-1,133,340-3,120,494-2,963,277-2,913,456-703,327-3,512,734-2,363,027
Stock2,879,583649,340-1,786,935-4,372,4015,651,814-5,681,947417,0704,227,001-1,133,042-7,026,1566,935,8381,215,2004,189,4455,540,000
Debtors10,500,879-3,811,2023,298,9747,298,2775,802,333-1,324,8153,228,970-6,757,9263,101,740-2,090,2019,686,070-1,480,8181,949,94434,602,972
Creditors-1,954,6164,253,377-1,353,3614,076,600-1,906,301295,6271,410,3873,676,159-1,509,438-4,109,4603,717,829-2,472,1813,932,2756,643,180
Accruals and Deferred Income7,181,559128,838-13,603,4254,374,04413,609,6381,299,931-4,997,964-5,611,5592,826,4106,188,6131,702,730-165,908372,5308,475,180
Deferred Taxes & Provisions1,846,999524,338-63,916345,71200000-102,331-43,000-39,169-64,760249,260
Cash flow from operations8,647,12121,100,732923,33515,570,2847,860,79515,343,803-4,489,3144,431,1606,690,24920,196,292-2,098,7337,000,0274,264,873-13,882,335
Investing Activities
capital expenditure-3,758,312-16,863,456-13,948,228-14,077,657-5,658,864-16,021,983-1,787,786-3,131,854-6,027,916-1,055,593-1,840,121-768,577-1,450,984-138,418
Change in Investments000-249,997249,998025,0000-4,959,19406,338,037-2,500,00002,530,843
cash flow from investments-3,758,312-16,863,456-13,948,228-13,827,660-5,908,862-16,021,983-1,812,786-3,131,854-1,068,722-1,055,593-8,178,1581,731,423-1,450,984-2,669,261
Financing Activities
Bank loans000000000-19,500,00015,499,9284,000,07200
Group/Directors Accounts1,281,6882,075,2212,588,2724,273,9952,446,194-1,173,2584,500,000-2,250,00003,250,00000-1,496,5001,496,500
Other Short Term Loans -3,480,6983,713,7242,935,2810-5,496,824-2,783,5268,280,3500000-300,5480300,548
Long term loans5,414,440-2,081,550-69,400-3,388,800-4,654,0006,383,200-3,000,0005,625,000-3,250,000375,000500,00012,000,000-3,005,8823,005,882
Hire Purchase and Lease Commitments-5,049,288-847,77710,715,864-2,034,6996,617,434-1,098,403-557,459-530,5774,205,673-116,731-666,426743,416-301,345383,353
other long term liabilities00000000000000
share issue0000000-1,169,266-33,280-33,239-2,982-63,625-63,63621,044,262
interest-1,036,923-448,473264,500740,2621,113,915213,74666,086127,709117,83915,247-405,520-257,155-624,000-598,674
cash flow from financing-2,870,7812,411,14516,434,517-409,24226,7191,541,7599,288,9771,802,8661,040,232-16,009,72314,925,00016,122,160-5,491,36325,631,871
cash and cash equivalents
cash318,02848,421-190,376-416,715678,652-127,380111,896-497,828-1,728,271730,9761,038,109713,659-1,0181,018
overdraft00000000000-22,739,9512,676,45620,063,495
change in cash318,02848,421-190,376-416,715678,652-127,380111,896-497,828-1,728,271730,9761,038,10923,453,610-2,677,474-20,062,477

albert bartlett & sons (airdrie) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for albert bartlett & sons (airdrie) limited. Get real-time insights into albert bartlett & sons (airdrie) limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Albert Bartlett & Sons (airdrie) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for albert bartlett & sons (airdrie) limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mega companies, companies in ML6 area or any other competitors across 12 key performance metrics.

albert bartlett & sons (airdrie) limited Ownership

ALBERT BARTLETT & SONS (AIRDRIE) LIMITED group structure

Albert Bartlett & Sons (Airdrie) Limited has 2 subsidiary companies.

ALBERT BARTLETT & SONS (AIRDRIE) LIMITED Shareholders

bartlett international holdings ltd 100%

albert bartlett & sons (airdrie) limited directors

Albert Bartlett & Sons (Airdrie) Limited currently has 10 directors. The longest serving directors include Mr Ronnie Bartlett (Dec 1988) and Mr Colin Campbell (Dec 2001).

officercountryagestartendrole
Mr Ronnie Bartlett61 years Dec 1988- Director
Mr Colin Campbell53 years Dec 2001- Director
Mr Patrick Graham-Jones62 years Dec 2001- Director
Mr John Heginbottom56 years Dec 2001- Director
Ms Sara MillerScotland49 years Aug 2012- Director
Mr Alexander BartlettScotland30 years Jul 2017- Director
Mr Michael Muncey62 years Nov 2021- Director
Mr Nicholas Allum45 years Jun 2022- Director
Mr Alan Roberts39 years Jan 2023- Director
Mr John Hicks46 years Jan 2023- Director

P&L

May 2023

turnover

239.9m

+22%

operating profit

7.9m

+175%

gross margin

28.1%

+8.07%

turnover

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

Balance Sheet

May 2023

net assets

48.4m

+0.07%

total assets

133.1m

+0.07%

cash

679.2k

+0.88%

net assets

Total assets minus all liabilities

albert bartlett & sons (airdrie) limited company details

company number

SC037896

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

01130 - Growing of vegetables and melons, roots and tubers

10310 - Processing and preserving of potatoes

incorporation date

August 1962

age

62

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

May 2023

previous names

N/A

accountant

-

auditor

BDO LLP

address

new monkland, 251 stirling road, airdrie, lanarkshire, ML6 7SP

Bank

HSBC BANK PLC, HSBC BANK PLC, HSBC BANK PLC

Legal Advisor

PINSENT MASON LLP

albert bartlett & sons (airdrie) 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 27 charges/mortgages relating to albert bartlett & sons (airdrie) limited. Currently there are 12 open charges and 15 have been satisfied in the past.

charges

albert bartlett & sons (airdrie) limited Companies House Filings - See Documents

datedescriptionview/download