Pomanda estimates the enterprise value of KETTLE PRODUCE LIMITED at £107m based on a Turnover of £191.3m and 0.56x industry multiple (adjusted for size and gross margin).
kettle produce limitedEstimated Valuation
£58m
Pomanda estimates the enterprise value of KETTLE PRODUCE LIMITED at £58m based on an EBITDA of £12.4m and a 4.66x industry multiple (adjusted for size and gross margin).
kettle produce limitedEstimated Valuation
£46.8m
Pomanda estimates the enterprise value of KETTLE PRODUCE LIMITED at £46.8m based on Net Assets of £25.7m and 1.82x industry multiple (adjusted for liquidity).
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Kettle Produce LimitedOverview
Kettle Produce Limited is a live company located in fife, KY15 7TJ with a Companies House number of SC097725. It operates in the other processing and preserving of fruit and vegetables sector, SIC Code 10390. Founded in March 1986, it's largest shareholder is
susan mcintyre
with a 54.7% stake. Kettle Produce Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£191.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Kettle Produce 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 £191.3m, make it larger than the average company (£30.7m)
£191.3m - Kettle Produce Limited
£30.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.6%)
8% - Kettle Produce Limited
6.6% - Industry AVG
Production
with a gross margin of 4.6%, this company has a higher cost of product (16.9%)
4.6% - Kettle Produce Limited
16.9% - Industry AVG
Profitability
an operating margin of 4.6% make it more profitable than the average company (2.7%)
4.6% - Kettle Produce Limited
2.7% - Industry AVG
Employees
with 1116 employees, this is above the industry average (117)
1116 - Kettle Produce Limited
117 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has an equivalent pay structure (£39k)
£32.7k - Kettle Produce Limited
£39k - Industry AVG
Efficiency
resulting in sales per employee of £171.4k, this is equally as efficient (£200.1k)
£171.4k - Kettle Produce Limited
£200.1k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (46 days)
38 days - Kettle Produce Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (39 days)
30 days - Kettle Produce Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (22 days)
5 days - Kettle Produce Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 20 weeks, this is more cash available to meet short term requirements (5 weeks)
20 weeks - Kettle Produce Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.9%, this is a similar level of debt than the average (49.4%)
44.9% - Kettle Produce Limited
49.4% - Industry AVG
KETTLE PRODUCE LIMITED financials
EXPORT
Kettle Produce Limited's latest turnover from June 2024 is £191.3 million and the company has net assets of £25.7 million. According to their latest financial statements, Kettle Produce Limited has 1,116 employees and maintains cash reserves of £7.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
May 2023
May 2022
May 2021
May 2020
Jun 2019
Jun 2018
May 2017
May 2016
May 2015
May 2014
Jun 2013
Jun 2012
May 2011
May 2010
Turnover
191,336,000
161,686,000
146,982,000
149,999,000
152,175,000
137,668,000
138,365,000
128,325,000
113,565,000
100,889,000
96,212,983
101,437,946
96,096,566
92,694,474
93,599,759
Other Income Or Grants
Cost Of Sales
182,576,000
164,334,000
149,181,000
122,354,376
122,718,019
110,706,439
111,001,233
101,695,825
89,090,722
79,566,934
77,389,100
80,036,178
75,631,056
73,389,990
71,036,851
Gross Profit
8,760,000
-2,648,000
-2,199,000
27,644,624
29,456,981
26,961,561
27,363,767
26,629,175
24,474,278
21,322,066
18,823,883
21,401,768
20,465,510
19,304,484
22,562,908
Admin Expenses
-105,000
-104,000
-122,000
27,726,624
31,377,981
24,642,561
22,706,767
24,080,175
22,094,278
19,116,066
19,835,688
20,203,429
21,028,978
19,223,979
21,811,746
Operating Profit
8,865,000
-2,544,000
-2,077,000
-82,000
-1,921,000
2,319,000
4,657,000
2,549,000
2,380,000
2,206,000
-1,011,805
1,198,339
-563,468
80,505
751,162
Interest Payable
30,000
58,000
6,000
7,000
5,000
25,000
37,000
50,000
60,000
129,000
186,675
283,893
251,090
240,040
259,011
Interest Receivable
63,000
1,000
47,000
16,000
42,000
34,000
43,000
54,000
10,000
1,856
3
44
697
Pre-Tax Profit
9,165,000
-1,891,000
-2,083,000
-42,000
-1,910,000
2,336,000
4,654,000
2,542,000
2,374,000
2,087,000
-1,196,624
914,446
-814,555
15,013,121
492,848
Tax
-1,815,000
271,000
-473,000
-292,000
-854,000
-1,046,000
-696,000
-665,000
-627,000
131,304
-383,769
113,125
-1,654,147
-227,165
Profit After Tax
7,350,000
-1,891,000
-1,812,000
-515,000
-2,202,000
1,482,000
3,608,000
1,846,000
1,709,000
1,460,000
-1,065,320
530,677
-701,430
13,358,974
265,683
Dividends Paid
Retained Profit
7,350,000
-1,891,000
-1,812,000
-515,000
-2,202,000
1,482,000
3,608,000
1,846,000
1,709,000
1,460,000
-1,065,320
530,677
-701,430
13,358,974
265,683
Employee Costs
36,470,000
33,476,000
32,727,000
32,863,000
32,726,000
29,002,000
25,676,000
24,209,000
20,724,000
19,424,000
18,041,111
16,228,439
15,582,817
15,644,221
15,970,284
Number Of Employees
1,116
1,142
1,202
1,319
1,362
1,254
1,169
1,158
1,021
934
938
819
776
791
837
EBITDA*
12,446,000
1,689,000
2,422,000
4,766,000
2,828,000
6,912,000
8,071,000
6,299,000
7,055,000
6,751,000
3,558,205
5,859,764
3,457,252
2,782,769
3,626,100
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
May 2023
May 2022
May 2021
May 2020
Jun 2019
Jun 2018
May 2017
May 2016
May 2015
May 2014
Jun 2013
Jun 2012
May 2011
May 2010
Tangible Assets
13,223,000
12,014,000
13,510,000
13,650,000
14,858,000
15,109,000
16,090,000
17,903,000
15,011,000
17,750,000
20,219,122
23,821,098
27,063,868
13,195,534
9,177,953
Intangible Assets
674,000
2,194,000
3,714,000
5,234,000
6,754,000
Investments & Other
1,706,000
1,439,000
729,000
729,000
729,000
679,000
1,015,000
1,114,000
1,043,000
480,000
515,113
515,000
515,000
515,000
515,000
Debtors (Due After 1 year)
Total Fixed Assets
14,929,000
14,127,000
16,433,000
18,093,000
20,821,000
22,542,000
17,105,000
19,017,000
16,054,000
18,230,000
20,734,235
24,336,098
27,578,868
13,710,534
9,692,953
Stock & work in progress
2,583,000
3,683,000
3,102,000
2,865,000
2,603,000
1,800,000
1,664,000
2,589,000
2,498,000
2,091,000
2,034,556
1,966,083
2,055,993
1,572,465
1,449,883
Trade Debtors
20,079,000
18,896,000
14,903,000
17,099,000
15,295,000
17,302,000
12,723,000
12,640,000
10,085,000
9,534,000
8,529,671
8,356,100
7,312,855
7,513,117
7,172,972
Group Debtors
Misc Debtors
1,783,000
2,739,000
2,005,000
1,977,000
2,415,000
2,482,000
1,589,000
1,210,000
2,305,000
1,049,000
716,596
646,876
1,157,676
9,377,472
6,193,773
Cash
7,277,000
542,000
389,000
462,000
2,364,000
1,507,000
6,123,000
1,508,000
2,541,000
1,188,000
2,628,056
1,959,108
1,723
3,401,179
1,218,055
misc current assets
total current assets
31,722,000
25,860,000
20,399,000
22,403,000
22,677,000
23,091,000
22,099,000
17,947,000
17,429,000
13,862,000
13,908,879
12,928,167
10,528,247
21,864,233
16,034,683
total assets
46,651,000
39,987,000
36,832,000
40,496,000
43,498,000
45,633,000
39,204,000
36,964,000
33,483,000
32,092,000
34,643,114
37,264,265
38,107,115
35,574,767
25,727,636
Bank overdraft
2,400,000
4,000
42,000
2,237,000
400,000
500,000
200,000
602,000
703,150
Bank loan
685,714
685,714
485,716
485,716
581,417
Trade Creditors
15,467,000
14,731,000
12,474,000
13,791,000
13,306,000
14,127,000
11,104,000
12,107,000
11,394,000
8,402,000
11,344,121
10,954,785
11,878,634
10,195,164
11,197,722
Group/Directors Accounts
other short term finances
1,075,000
1,075,000
hp & lease commitments
158,000
120,000
53,000
35,000
47,000
96,000
35,000
33,000
288,000
733,000
936,423
820,276
992,533
546,602
1,863,785
other current liabilities
3,291,000
2,509,000
2,058,000
2,595,000
2,518,000
3,194,000
2,323,000
2,262,000
2,648,000
2,808,000
2,343,502
2,626,762
1,674,317
2,349,868
2,944,836
total current liabilities
18,916,000
19,760,000
14,589,000
16,463,000
19,183,000
18,492,000
13,862,000
14,902,000
14,530,000
12,545,000
15,309,760
15,087,537
15,734,350
13,577,350
16,587,760
loans
1,075,000
933,000
1,333,000
100,000
300,000
902,380
1,588,095
1,373,808
1,859,518
2,345,234
hp & lease commitments
103,000
182,000
71,000
35,000
39,000
35,000
33,000
255,000
925,846
1,420,999
1,979,679
298,103
799,239
Accruals and Deferred Income
other liabilities
148,000
365,000
515,000
690,000
840,000
1,050,000
1,200,000
provisions
1,914,000
1,677,000
1,913,000
1,927,000
1,729,000
1,239,000
1,068,000
1,031,000
820,000
984,000
382,934
769,002
964,390
832,803
total long term liabilities
2,017,000
1,859,000
1,984,000
1,962,000
1,729,000
2,353,000
2,036,000
2,364,000
1,101,000
1,904,000
2,726,160
4,468,096
5,157,877
4,040,424
4,344,473
total liabilities
20,933,000
21,619,000
16,573,000
18,425,000
20,912,000
20,845,000
15,898,000
17,266,000
15,631,000
14,449,000
18,035,920
19,555,633
20,892,227
17,617,774
20,932,233
net assets
25,718,000
18,368,000
20,259,000
22,071,000
22,586,000
24,788,000
23,306,000
19,698,000
17,852,000
17,643,000
16,607,194
17,708,632
17,214,888
17,956,993
4,795,403
total shareholders funds
25,718,000
18,368,000
20,259,000
22,071,000
22,586,000
24,788,000
23,306,000
19,698,000
17,852,000
17,643,000
16,607,194
17,708,632
17,214,888
17,956,993
4,795,403
Jun 2024
May 2023
May 2022
May 2021
May 2020
Jun 2019
Jun 2018
May 2017
May 2016
May 2015
May 2014
Jun 2013
Jun 2012
May 2011
May 2010
Operating Activities
Operating Profit
8,865,000
-2,544,000
-2,077,000
-82,000
-1,921,000
2,319,000
4,657,000
2,549,000
2,380,000
2,206,000
-1,011,805
1,198,339
-563,468
80,505
751,162
Depreciation
2,907,000
2,713,000
2,979,000
3,328,000
3,229,000
3,716,000
3,378,000
3,705,000
4,639,000
4,509,000
4,570,010
4,661,425
4,020,720
2,702,264
2,874,938
Amortisation
674,000
1,520,000
1,520,000
1,520,000
1,520,000
877,000
36,000
45,000
36,000
36,000
Tax
-1,815,000
271,000
-473,000
-292,000
-854,000
-1,046,000
-696,000
-665,000
-627,000
131,304
-383,769
113,125
-1,654,147
-227,165
Stock
-1,100,000
581,000
237,000
262,000
803,000
136,000
-925,000
91,000
407,000
56,444
68,473
-89,910
483,528
122,582
1,449,883
Debtors
227,000
4,727,000
-2,168,000
1,366,000
-2,074,000
5,472,000
462,000
1,460,000
1,807,000
1,336,733
243,291
532,445
-8,420,058
3,523,844
13,366,745
Creditors
736,000
2,257,000
-1,317,000
485,000
-821,000
3,023,000
-1,003,000
713,000
2,992,000
-2,942,121
389,336
-923,849
1,683,470
-1,002,558
11,197,722
Accruals and Deferred Income
782,000
451,000
-537,000
77,000
-676,000
871,000
61,000
-386,000
-160,000
464,498
-283,260
952,445
-675,551
-594,968
2,944,836
Deferred Taxes & Provisions
237,000
-236,000
-14,000
198,000
490,000
171,000
37,000
211,000
-164,000
601,066
-386,068
-195,388
131,587
832,803
Cash flow from operations
13,259,000
-1,147,000
2,756,000
3,425,000
2,800,000
4,515,000
6,583,000
4,590,000
6,844,000
2,854,266
3,097,753
4,866,668
12,646,413
-3,282,527
2,724,865
Investing Activities
capital expenditure
-1,247,000
-6,131,000
-2,765,000
-2,093,000
-650,198
-1,236,952
-7,147,988
3,277,183
-960,810
Change in Investments
267,000
710,000
50,000
-336,000
-99,000
71,000
563,000
-35,113
113
515,000
cash flow from investments
-267,000
-710,000
-50,000
336,000
-1,148,000
-6,202,000
-3,328,000
-2,057,887
-650,311
-1,236,952
-7,147,988
3,277,183
-1,475,810
Financing Activities
Bank loans
-685,714
199,998
-95,701
581,417
Group/Directors Accounts
Other Short Term Loans
-1,075,000
1,075,000
Long term loans
-1,075,000
142,000
-400,000
1,233,000
-200,000
-602,380
-685,715
214,287
-485,710
-485,716
2,345,234
Hire Purchase and Lease Commitments
-41,000
178,000
54,000
23,000
-88,000
65,000
37,000
-288,000
-667,000
-874,269
-379,006
-730,937
2,127,507
-1,818,319
2,663,024
other long term liabilities
-148,000
-217,000
-150,000
-175,000
-150,000
-210,000
-150,000
1,200,000
share issue
-1,500,000
-424,194
-36,118
-36,933
-40,675
-197,384
4,529,720
interest
33,000
-57,000
-6,000
40,000
11,000
17,000
-3,000
-7,000
-6,000
-119,000
-184,819
-283,893
-251,087
-239,996
-258,314
cash flow from financing
-8,000
121,000
48,000
-1,012,000
-1,152,000
1,299,000
-366,000
790,000
-2,590,000
-2,855,557
-1,460,658
-787,478
1,140,035
-2,987,116
11,061,081
cash and cash equivalents
cash
6,735,000
153,000
-73,000
-1,902,000
857,000
-4,616,000
4,615,000
-1,033,000
1,353,000
-1,440,056
668,948
1,957,385
-3,399,456
2,183,124
1,218,055
overdraft
-2,400,000
2,396,000
-38,000
-2,195,000
2,237,000
-400,000
-100,000
300,000
-402,000
602,000
-703,150
703,150
change in cash
9,135,000
-2,243,000
-35,000
293,000
-1,380,000
-4,216,000
4,715,000
-1,333,000
1,755,000
-2,042,056
668,948
2,660,535
-4,102,606
2,183,124
1,218,055
kettle produce 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 kettle produce limited. Get real-time insights into kettle produce limited's credit score, group structure and payment trends.
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The largest shareholders in Kettle Produce Limited include Susan Mcintyre and Kettle Employee'S Share Trust.
susan mcintyre
54.66%
kettle employee's share trust
33.34%
andrew mcintyre
12%
kettle produce limited directors
Kettle Produce Limited currently has 8 directors.
The longest serving directors include
Ms Elizabeth Waugh (May 1995) and
Miss Susan McIntyre (Apr 2000).
10390 - Other processing and preserving of fruit and vegetables
incorporation date
March 1986
age
39
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
June 2024
previous names
acotree limited (April 1986)
accountant
-
auditor
SUMER AUDITCO LIMITED
address
balmalcolm farm, cupar, fife, KY15 7TJ
Bank
BANK OF SCOTLAND
Legal Advisor
-
kettle produce 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 4 charges/mortgages relating to kettle produce limited. Currently there are 3 open charges and 1 have been satisfied in the past.
kettle produce 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.
Click to start generating capital raising & share issue transactions for KETTLE PRODUCE LIMITED. This can take several minutes, an email will notify you when this has completed.
kettle produce limitedCompanies House Filings - See Documents
