quality pork processors limited

quality pork processors limited Company Information

Share QUALITY PORK PROCESSORS LIMITED
Live 
MatureMidDeclining

Company Number

SC090365

Industry

Manufacture of other food products n.e.c.

 

Shareholders

browns food group limited

Group Structure

View All

Contact

Registered Address

the abattoir montrose road, brechin, angus, DD9 7RU

quality pork processors limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of QUALITY PORK PROCESSORS LIMITED at £4.4m based on a Turnover of £6.1m and 0.73x industry multiple (adjusted for size and gross margin).

quality pork processors limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of QUALITY PORK PROCESSORS LIMITED at £2m based on an EBITDA of £396k and a 5.08x industry multiple (adjusted for size and gross margin).

quality pork processors limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of QUALITY PORK PROCESSORS LIMITED at £8.2m based on Net Assets of £4.2m and 1.94x industry multiple (adjusted for liquidity).

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Quality Pork Processors Limited Overview

Quality Pork Processors Limited is a live company located in angus, DD9 7RU with a Companies House number of SC090365. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in November 1984, it's largest shareholder is browns food group limited with a 100% stake. Quality Pork Processors Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with declining growth in recent years.

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Quality Pork Processors Limited Health Check

Pomanda's financial health check has awarded Quality Pork Processors Limited a 3 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 Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £6.1m, make it smaller than the average company (£24.3m)

£6.1m - Quality Pork Processors Limited

£24.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (7.7%)

-13% - Quality Pork Processors Limited

7.7% - Industry AVG

production

Production

with a gross margin of 32.6%, this company has a lower cost of product (24.8%)

32.6% - Quality Pork Processors Limited

24.8% - Industry AVG

profitability

Profitability

an operating margin of 1.1% make it less profitable than the average company (3.6%)

1.1% - Quality Pork Processors Limited

3.6% - Industry AVG

employees

Employees

with 94 employees, this is similar to the industry average (112)

94 - Quality Pork Processors Limited

112 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.2k, the company has a lower pay structure (£39.3k)

£30.2k - Quality Pork Processors Limited

£39.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £64.7k, this is less efficient (£235.4k)

£64.7k - Quality Pork Processors Limited

£235.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (48 days)

7 days - Quality Pork Processors Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (44 days)

32 days - Quality Pork Processors Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (50 days)

4 days - Quality Pork Processors Limited

50 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Quality Pork Processors Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 53.6%, this is a similar level of debt than the average (56.6%)

53.6% - Quality Pork Processors Limited

56.6% - Industry AVG

QUALITY PORK PROCESSORS LIMITED financials

EXPORTms excel logo

Quality Pork Processors Limited's latest turnover from December 2023 is £6.1 million and the company has net assets of £4.2 million. According to their latest financial statements, Quality Pork Processors Limited has 94 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover6,084,0005,783,0006,629,0009,152,2757,328,6044,893,3286,029,8972,927,4796,875,13311,558,8365,160,4564,619,6012,222,3097,124,911
Other Income Or Grants00000000000000
Cost Of Sales4,102,0004,114,0004,141,0005,551,6473,899,1393,166,9373,042,5512,146,2025,097,0468,687,1583,919,3593,473,2771,663,9505,288,297
Gross Profit1,982,0001,669,0002,488,0003,600,6283,429,4651,726,3912,987,346781,2771,778,0872,871,6771,241,0971,146,323558,3591,836,614
Admin Expenses1,913,0002,601,0002,261,0003,310,0731,796,175669,1352,628,3351,109,8581,973,9783,793,3791,840,3311,334,795893,068-2,859,235
Operating Profit69,000-932,000227,000290,5551,633,2901,057,256359,011-328,581-195,891-921,702-599,234-188,472-334,7094,695,849
Interest Payable151,0000225,000290,555295,30500134,726000000
Interest Receivable000000025332953121
Pre-Tax Profit-82,000-932,0002,0000888,4341-34,847-463,054-195,562-921,697-599,231-188,471-334,7074,695,850
Tax-78,000792,000-15,00051,650-27,417-253,151-13,143000000-1,314,838
Profit After Tax-160,000-140,000-13,00051,650861,017-253,150-47,990-463,054-195,562-921,697-599,231-188,471-334,7073,381,012
Dividends Paid00000000000000
Retained Profit-160,000-140,000-13,00051,650861,017-253,150-47,990-463,054-195,562-921,697-599,231-188,471-334,7073,381,012
Employee Costs2,842,0002,581,0002,925,0003,548,6012,090,3001,846,6851,451,506508,1461,148,8111,856,932808,581721,181359,7921,250,345
Number Of Employees948810910790907117396629261344
EBITDA*396,0002,630,000834,0001,209,8502,455,9621,197,0651,171,350362,197136,707-732,757-467,319-79,668-281,5384,887,325

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets7,194,0005,656,0008,707,0009,115,4799,792,76210,316,4889,569,02611,609,1948,506,8902,050,5384,633,9134,925,7754,233,7874,295,479
Intangible Assets00000000000000
Investments & Other00000000002222
Debtors (Due After 1 year)00000000000000
Total Fixed Assets7,194,0005,656,0008,707,0009,115,4799,792,76210,316,4889,569,02611,609,1948,506,8902,050,5384,633,9154,925,7774,233,7894,295,481
Stock & work in progress48,00063,0000000000027,25627,25600
Trade Debtors132,000177,000604,000821,612477,206388,503745,266303,810708,8191,633,411308,626376,81847,622827,037
Group Debtors547,000803,000000000000000
Misc Debtors1,192,000502,000330,000721,104944,9601,456,0992,326,5731,009,476000000
Cash0113,000202,000753,681330,790161,95794,55171,589130,8588991,000160200500
misc current assets00000000000000
total current assets1,919,0001,658,0001,136,0002,296,3971,752,9562,006,5593,166,3901,384,875839,6771,634,310336,882404,23447,822827,537
total assets9,113,0007,314,0009,843,00011,411,87611,545,71812,323,04712,735,41612,994,0699,346,5673,684,8484,970,7975,330,0114,281,6115,123,018
Bank overdraft3,090,0000000000000000
Bank loan00000000000000
Trade Creditors 362,000372,000975,0002,419,6631,064,3271,340,205575,046666,5811,538,8141,825,7102,146,0421,860,890811,8331,362,308
Group/Directors Accounts32,0001,029,0003,469,0003,469,0293,469,029421,145421,053421,053000000
other short term finances001,607,0001,505,8442,519,6383,478,3954,181,7500000000
hp & lease commitments0000122,013000000000
other current liabilities246,000342,000361,000460,916630,197596,353466,584332,148000000
total current liabilities3,730,0001,743,0006,412,0007,855,4527,805,2045,836,0985,644,4331,419,7821,538,8141,825,7102,146,0421,860,890811,8331,362,308
loans000003,469,1213,889,9044,311,226000000
hp & lease commitments00000000000000
Accruals and Deferred Income1,152,0001,180,0001,558,0001,685,63302,035,4712,218,7232,420,8581,429,3030136,140136,140136,140113,843
other liabilities00000003,825,0004,757,924060,464133,24922,22288,889
provisions00342,000327,061378,711351,29498,14385,000220,000257,781368,548340,898264,111175,966
total long term liabilities1,152,0001,180,0001,900,0002,012,694378,7115,855,8866,206,77010,642,0846,407,227257,781565,152610,287422,473378,698
total liabilities4,882,0002,923,0008,312,0009,868,1468,183,91511,691,98411,851,20312,061,8667,946,0412,083,4912,711,1942,471,1771,234,3061,741,006
net assets4,231,0004,391,0001,531,0001,543,7303,361,803631,063884,213932,2031,400,5261,601,3572,259,6032,858,8343,047,3053,382,012
total shareholders funds4,231,0004,391,0001,531,0001,543,7303,361,803631,063884,213932,2031,400,5261,601,3572,259,6032,858,8343,047,3053,382,012
Dec 2023Dec 2022Dec 2021Dec 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit69,000-932,000227,000290,5551,633,2901,057,256359,011-328,581-195,891-921,702-599,234-188,472-334,7094,695,849
Depreciation327,0003,562,000607,000919,295822,672139,809812,339690,778332,598188,945131,915108,80453,171191,476
Amortisation00000000000000
Tax-78,000792,000-15,00051,650-27,417-253,151-13,143000000-1,314,838
Stock-15,00063,0000000000-27,256027,25600
Debtors389,000548,000-608,716120,550-422,436-1,227,2371,758,553604,467-924,5921,324,785-68,192329,196-779,415827,037
Creditors-10,000-603,000-1,444,6631,355,336-275,878765,159-91,535-872,233-286,896-320,332285,1521,049,057-550,4751,362,308
Accruals and Deferred Income-124,000-397,000-227,5491,516,352-2,001,627-53,483-67,6991,323,7031,429,303-136,1400022,297113,843
Deferred Taxes & Provisions0-342,00014,939-51,65027,417253,15113,143-135,000-37,781-110,76727,65076,78788,145175,966
Cash flow from operations-190,0001,469,000-229,5573,960,988600,8933,135,978-746,43774,2002,165,925-2,597,525-86,325689,72457,8444,397,567
Investing Activities
capital expenditure-1,865,000-511,000-198,521-242,012-298,946-1,401,585350,628-3,793,082-6,788,9502,394,430159,947-800,7928,521-4,486,955
Change in Investments000000000-20002
cash flow from investments-1,865,000-511,000-198,521-242,012-298,946-1,401,585350,628-3,793,082-6,788,9502,394,432159,947-800,7928,521-4,486,957
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-997,000-2,440,000-2903,047,884920421,053000000
Other Short Term Loans 0-1,607,000101,156-1,013,794-958,757-703,3554,181,7500000000
Long term loans0000-3,469,121-420,783-421,3224,311,226000000
Hire Purchase and Lease Commitments000-122,013122,013000000000
other long term liabilities000000-3,825,000-932,9244,757,924-60,464-72,785111,027-66,66788,889
share issue03,000,000270-1,869,7231,869,72300-5,269-5,269263,4510001,000
interest-151,0000-225,000-290,555-295,30500-134,47332953121
cash flow from financing-1,148,000-1,047,000-123,603-3,296,085316,437-1,124,046-64,5723,659,6134,752,984202,992-72,782111,028-66,66589,890
cash and cash equivalents
cash-113,000-89,000-551,681422,891168,83367,40622,962-59,269129,959-101840-40-300500
overdraft3,090,0000000000000000
change in cash-3,203,000-89,000-551,681422,891168,83367,40622,962-59,269129,959-101840-40-300500

quality pork processors 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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Quality Pork Processors Limited Competitor Analysis

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Perform a competitor analysis for quality pork processors limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in DD9 area or any other competitors across 12 key performance metrics.

quality pork processors limited Ownership

QUALITY PORK PROCESSORS LIMITED group structure

Quality Pork Processors Limited has no subsidiary companies.

Ultimate parent company

2 parents

QUALITY PORK PROCESSORS LIMITED

SC090365

QUALITY PORK PROCESSORS LIMITED Shareholders

browns food group limited 100%

quality pork processors limited directors

Quality Pork Processors Limited currently has 3 directors. The longest serving directors include Mr Nicholas Clark (Feb 2022) and Mr Wayne Godfrey (Feb 2022).

officercountryagestartendrole
Mr Nicholas Clark55 years Feb 2022- Director
Mr Wayne GodfreyScotland53 years Feb 2022- Director
Mr Thomas WoodScotland60 years Jan 2024- Director

P&L

December 2023

turnover

6.1m

+5%

operating profit

69k

-107%

gross margin

32.6%

+12.88%

turnover

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

Balance Sheet

December 2023

net assets

4.2m

-0.04%

total assets

9.1m

+0.25%

cash

0

-1%

net assets

Total assets minus all liabilities

quality pork processors limited company details

company number

SC090365

Type

Private limited with Share Capital

industry

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

incorporation date

November 1984

age

41

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

a. p. jess (brechin) ltd. (October 2014)

edwards quality butchers limited (October 1995)

accountant

-

auditor

JOHNSTON CARMICHAEL LLP

address

the abattoir montrose road, brechin, angus, DD9 7RU

Bank

-

Legal Advisor

DENTONS UK AND MIDDLE EAST LLP

quality pork processors 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 13 charges/mortgages relating to quality pork processors limited. Currently there are 1 open charges and 12 have been satisfied in the past.

quality pork processors limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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quality pork processors limited Companies House Filings - See Documents

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