Gray Farms Limited

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gray farms limited Company Information

Live

MatureSmallHigh

Company Number

SC153192

Website

www.graysfarms.co.uk

Registered Address

greenacres, fordyce, portsoy, banffshire, AB45 2UL

Industry

Mixed farming

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Charles Gray29 Years

Philip Gray15 Years

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Shareholders

philip william gray 50%

charles william gray 50%

gray farms limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of GRAY FARMS LIMITED at £6m based on an EBITDA of £1.4m and a 4.32x industry multiple (adjusted for size and gross margin).

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Gray Farms Limited is a live company located in portsoy, AB45 2UL with a Companies House number of SC153192. It operates in the mixed farming sector, SIC Code 01500. Founded in September 1994, it's largest shareholder is philip william gray with a 50% stake. Gray Farms Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with high growth in recent years.

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Pomanda's financial health check has awarded Gray Farms Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.4m, make it larger than the average company (£1.2m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8%)

EXPORT

Gray Farms Limited's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £2.9 million. According to their latest financial statements, Gray Farms Limited has 19 employees and maintains cash reserves of £129.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,421,843	2,412,368	2,063,471	2,163,087	2,519,982	1,839,602	184,647	0	9,144,208	9,505,317	8,152,305	7,317,628	4,962,745	4,623,199
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,209,801	1,579,905	1,353,715	1,425,183	1,584,386	1,124,835	120,169	0	5,911,482	6,288,734	5,106,605	4,340,869	3,064,388	2,909,456
Gross Profit	1,212,042	832,463	709,756	737,905	935,596	714,766	64,477	0	3,232,725	3,216,583	3,045,700	2,976,758	1,898,357	1,713,743
Admin Expenses	47,624	304,888	361,592	207,053	-59,374	960,280	-65,159	-44,699	3,231,957	3,027,317	2,925,032	2,671,522	1,795,074	826,556
Operating Profit	1,164,418	527,575	348,164	530,852	994,970	-245,514	129,636	44,699	768	189,266	120,668	305,236	103,283	887,187
Interest Payable	237,862	182,659	194,913	197,315	212,795	151,738	88,375	45,955	0	0	0	0	0	0
Interest Receivable	4,452	357	22	91	1,046	324	148	284	0	0	0	1	1	0
Pre-Tax Profit	931,007	345,273	153,273	333,628	783,221	-396,928	41,409	-972	768	189,266	120,668	305,236	103,283	887,188
Tax	-176,891	-65,602	-29,122	-63,389	-148,812	0	-8,282	0	-161	-43,531	-28,960	-79,361	-28,919	-248,412
Profit After Tax	754,116	279,671	124,151	270,239	634,409	-396,928	33,127	-972	607	145,735	91,708	225,875	74,364	638,775
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	754,116	279,671	124,151	270,239	634,409	-396,928	33,127	-972	607	145,735	91,708	225,875	74,364	638,775
Employee Costs	482,268	273,195	210,609	216,558	209,277	206,735	47,909	0	1,968,136	1,902,234	1,590,745	1,642,532	1,166,968	1,153,355
Number Of Employees	19	11	9	9	9	9	2	0	71	73	63	67	50	53
EBITDA*	1,389,324	723,843	501,908	691,360	1,134,730	-121,751	129,636	44,699	768	189,266	120,668	305,236	103,283	887,187

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	5,963,539	5,829,339	5,776,070	5,975,637	4,612,897	2,755,144	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	65,220	65,220	32,720	32,720	32,720	32,720	100	100	100	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,028,759	5,894,559	5,808,790	6,008,357	4,645,617	2,787,864	100	100	100	0	0	0	0	0
Stock & work in progress	334,359	265,869	200,516	279,059	314,738	242,712	0	0	0	0	0	0	0	0
Trade Debtors	494,456	343,091	307,142	294,668	549,064	345,758	0	0	1,178,249	1,220,861	1,069,940	1,034,949	754,804	660,619
Group Debtors	132,362	183,232	300,349	645,116	796,793	894,850	2,188,302	1,061,725	0	0	0	0	0	0
Misc Debtors	93,957	56,360	138,861	107,154	217,800	172,049	430,680	1,416,201	0	0	0	0	0	0
Cash	129,875	79,615	15,556	28,513	154,358	124,569	4,888	113,466	0	0	22	82	120	120
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,185,009	928,167	962,424	1,354,510	2,032,753	1,779,938	2,623,870	2,591,392	1,178,249	1,220,861	1,069,962	1,035,031	754,924	660,739
total assets	7,213,768	6,822,726	6,771,214	7,362,867	6,678,370	4,567,802	2,623,970	2,591,492	1,178,349	1,220,861	1,069,962	1,035,031	754,924	660,739
Bank overdraft	0	0	298,789	579,203	0	0	0	0	0	0	0	0	0	0
Bank loan	244,619	238,033	230,253	214,291	208,633	203,865	0	0	0	0	0	0	0	0
Trade Creditors	184,133	206,868	180,672	406,648	114,155	103,065	0	0	1,185	44,304	39,140	95,917	41,685	21,864
Group/Directors Accounts	9,825	0	0	0	131,192	31,192	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
hp & lease commitments	86,623	85,127	34,590	119,367	118,372	95,204	0	0	0	0	0	0	0	0
other current liabilities	1,265,597	1,371,336	1,518,846	1,457,829	1,581,115	84,291	651	1,300	0	0	0	0	0	0
total current liabilities	1,790,797	1,901,364	2,263,150	2,777,338	2,153,467	517,617	651	1,300	1,185	44,304	39,140	95,917	41,685	21,864
loans	1,955,869	2,202,693	2,442,363	2,625,681	2,841,549	3,050,999	1,414,000	1,414,000	0	0	0	0	0	0
hp & lease commitments	88,119	174,742	0	34,590	153,957	168,559	0	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	504,006	423,066	224,511	208,219	82,597	18,236	0	0	0	0	0	0	0	0
total long term liabilities	2,547,994	2,800,501	2,666,874	2,868,490	3,078,103	3,237,794	1,414,000	1,414,000	0	0	0	0	0	0
total liabilities	4,338,791	4,701,865	4,930,024	5,645,828	5,231,570	3,755,411	1,414,651	1,415,300	1,185	44,304	39,140	95,917	41,685	21,864
net assets	2,874,977	2,120,861	1,841,190	1,717,039	1,446,800	812,391	1,209,319	1,176,192	1,177,164	1,176,557	1,030,822	939,114	713,239	638,875
total shareholders funds	2,874,977	2,120,861	1,841,190	1,717,039	1,446,800	812,391	1,209,319	1,176,192	1,177,164	1,176,557	1,030,822	939,114	713,239	638,875

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,164,418	527,575	348,164	530,852	994,970	-245,514	129,636	44,699	768	189,266	120,668	305,236	103,283	887,187
Depreciation	224,906	196,268	153,744	160,508	139,760	123,763	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-176,891	-65,602	-29,122	-63,389	-148,812	0	-8,282	0	-161	-43,531	-28,960	-79,361	-28,919	-248,412
Stock	68,490	65,353	-78,543	-35,679	72,026	242,712	0	0	0	0	0	0	0	0
Debtors	138,092	-163,669	-300,586	-516,719	151,000	-1,206,325	141,056	1,299,677	-42,612	150,921	34,991	280,145	94,185	660,619
Creditors	-22,735	26,196	-225,976	292,493	11,090	103,065	0	-1,185	-43,119	5,164	-56,777	54,232	19,821	21,864
Accruals and Deferred Income	-105,739	-147,510	61,017	-123,286	1,496,824	83,640	-649	1,300	0	0	0	0	0	0
Deferred Taxes & Provisions	80,940	198,555	16,292	125,622	64,361	18,236	0	0	0	0	0	0	0	0
Cash flow from operations	958,317	833,798	703,248	1,475,198	2,335,167	1,046,803	-20,351	-1,254,863	100	-22	-60	-38	0	20
Investing Activities
capital expenditure	-359,106	-249,537	45,823	-1,523,248	-1,997,513	-2,878,907	0	0	0	0	0	0	0	0
Change in Investments	0	32,500	0	0	0	32,620	0	0	100	0	0	0	0	0
cash flow from investments	-359,106	-282,037	45,823	-1,523,248	-1,997,513	-2,911,527	0	0	-100	0	0	0	0	0
Financing Activities
Bank loans	6,586	7,780	15,962	5,658	4,768	203,865	0	0	0	0	0	0	0	0
Group/Directors Accounts	9,825	0	0	-131,192	100,000	31,192	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
Long term loans	-246,824	-239,670	-183,318	-215,868	-209,450	1,636,999	0	1,414,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-85,127	225,279	-119,367	-118,372	8,566	263,763	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-233,410	-182,302	-194,891	-197,224	-211,749	-151,414	-88,227	-45,671	0	0	0	1	1	0
cash flow from financing	-548,950	-188,913	-481,614	-656,998	-307,865	1,984,405	-88,227	1,368,329	0	0	0	1	1	100
cash and cash equivalents
cash	50,260	64,059	-12,957	-125,845	29,789	119,681	-108,578	113,466	0	-22	-60	-38	0	120
overdraft	0	-298,789	-280,414	579,203	0	0	0	0	0	0	0	0	0	0
change in cash	50,260	362,848	267,457	-705,048	29,789	119,681	-108,578	113,466	0	-22	-60	-38	0	120

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRAY FARMS LIMITED group structure

Gray Farms Limited has 1 subsidiary company.

Ultimate parent company

GRAY FARMS LIMITED

SC153192

1 subsidiary

GRAY COMPOSTING SERVICES LIMITED

SC289042

GRAY FARMS LIMITED Shareholders

philip william gray	50%
charles william gray	50%

Gray Farms Limited currently has 3 directors. The longest serving directors include Mr Charles Gray (Sep 1994) and Mr Philip Gray (Oct 2008).

officer	country	age	start	end	role
Mr Charles Gray		68 years	Sep 1994	-	Director
Mr Philip Gray		44 years	Oct 2008	-	Director
Mrs Margaret Gray	Scotland	69 years	Apr 2019	-	Director

P&L

March 2023

turnover

3.4m

+42%

operating profit

1.2m

gross margin

35.5%

+2.64%

turnover

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

Balance Sheet

March 2023

net assets

2.9m

+0.36%

total assets

7.2m

+0.06%

cash

129.9k

+0.63%

net assets

Total assets minus all liabilities

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company number

SC153192

Type

Private limited with Share Capital

industry

01500 - Mixed farming

incorporation date

September 1994

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

greenacres, fordyce, portsoy, banffshire, AB45 2UL

last accounts submitted

March 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 did not find charges/mortgages relating to gray farms limited.

gray farms limited Company Information

gray farms limited Estimated Valuation

gray farms limited Estimated Valuation

gray farms limited Estimated Valuation

Gray Farms Limited Overview

Gray Farms Limited Health Check

GRAY FARMS LIMITED financials

gray farms limited Credit Report and Business Information

Gray Farms Limited Competitor Analysis

gray farms limited Ownership

gray farms limited directors

gray farms limited company details

gray farms limited Charges & Mortgages

gray farms limited Companies House Filings - See Documents