Pomanda estimates the enterprise value of 2 AGRICULTURE LIMITED at £405m based on a Turnover of £492.8m and 0.82x industry multiple (adjusted for size and gross margin).
2 agriculture limitedEstimated Valuation
£65.9m
Pomanda estimates the enterprise value of 2 AGRICULTURE LIMITED at £65.9m based on an EBITDA of £10.3m and a 6.38x industry multiple (adjusted for size and gross margin).
2 agriculture limitedEstimated Valuation
£99.3m
Pomanda estimates the enterprise value of 2 AGRICULTURE LIMITED at £99.3m based on Net Assets of £57m and 1.74x industry multiple (adjusted for liquidity).
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2 Agriculture LimitedOverview
2 Agriculture Limited is a live company located in midlothian, EH28 8NB with a Companies House number of SC156515. It operates in the raising of poultry sector, SIC Code 01470. Founded in March 1995, it's largest shareholder is
amber rei holdings limited
with a 100% stake. 2 Agriculture Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£492.8m with
unknown
growth in recent years.
Pomanda's financial health check has awarded 2 Agriculture Limited a 4 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 Rating4out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £492.8m, make it larger than the average company (£32.1m)
£492.8m - 2 Agriculture Limited
£32.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - 2 Agriculture Limited
- - Industry AVG
Production
with a gross margin of 10.6%, this company has a higher cost of product (13.9%)
10.6% - 2 Agriculture Limited
13.9% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (2.8%)
1.4% - 2 Agriculture Limited
2.8% - Industry AVG
Employees
with 330 employees, this is above the industry average (54)
330 - 2 Agriculture Limited
54 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has a higher pay structure (£40.5k)
£49.6k - 2 Agriculture Limited
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£557.4k)
£1.5m - 2 Agriculture Limited
£557.4k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (40 days)
50 days - 2 Agriculture Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (30 days)
57 days - 2 Agriculture Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (27 days)
7 days - 2 Agriculture Limited
27 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is average cash available to meet short term requirements (9 weeks)
8 weeks - 2 Agriculture Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.8%, this is a similar level of debt than the average (57.6%)
59.8% - 2 Agriculture Limited
57.6% - Industry AVG
2 AGRICULTURE LIMITED financials
EXPORT
2 Agriculture Limited's latest turnover from December 2023 is £492.8 million and the company has net assets of £57 million. According to their latest financial statements, 2 Agriculture Limited has 330 employees and maintains cash reserves of £13.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Jan 2022
Jan 2021
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
492,767,000
499,481,000
397,574,000
326,096,000
317,555,000
312,260,000
319,482,000
249,723,000
220,399,000
366,950,000
579,543,000
502,158,000
456,207,000
344,182,000
274,270,000
Other Income Or Grants
Cost Of Sales
440,657,000
450,152,000
356,331,000
288,974,000
282,280,000
277,963,000
284,987,000
216,987,000
193,719,000
305,194,477
476,937,641
408,109,170
374,847,318
272,924,070
219,416,000
Gross Profit
52,110,000
49,329,000
41,243,000
37,122,000
35,275,000
34,297,000
34,495,000
32,736,000
26,680,000
61,755,523
102,605,359
94,048,830
81,359,682
71,257,930
54,854,000
Admin Expenses
45,296,000
41,015,000
36,459,000
32,305,000
30,720,000
31,239,000
27,897,000
23,291,000
22,077,000
63,228,523
105,844,359
90,179,830
70,503,682
70,332,930
54,929,000
Operating Profit
6,814,000
8,314,000
4,784,000
4,817,000
4,555,000
3,058,000
6,598,000
9,445,000
4,603,000
-1,473,000
-3,239,000
3,869,000
10,856,000
925,000
-75,000
Interest Payable
1,000
41,000
164,000
275,000
399,000
382,000
219,000
509,000
2,680,000
756,000
2,000
Interest Receivable
11,000
25,000
20,000
Pre-Tax Profit
6,813,000
8,273,000
4,620,000
4,542,000
4,156,000
2,676,000
6,379,000
9,455,000
4,629,000
7,183,000
-3,748,000
1,263,000
14,471,000
925,000
-77,000
Tax
-2,089,000
-1,425,000
-1,509,000
-1,469,000
-1,088,000
-842,000
-1,472,000
-1,988,000
-1,192,000
-3,858,000
-5,693,000
-1,189,000
-9,794,000
-530,000
-1,050,000
Profit After Tax
4,724,000
6,848,000
3,111,000
3,073,000
3,068,000
1,834,000
4,907,000
7,467,000
3,437,000
3,325,000
-9,441,000
74,000
4,677,000
395,000
-1,127,000
Dividends Paid
19,665,000
19,665,000
107,586,000
3,044,000
Retained Profit
-14,941,000
-12,817,000
3,111,000
3,073,000
3,068,000
1,834,000
-102,679,000
7,467,000
3,437,000
3,325,000
-9,441,000
74,000
1,633,000
395,000
-1,127,000
Employee Costs
16,365,000
14,896,000
13,423,000
12,269,000
11,232,000
10,479,000
10,275,000
8,104,000
7,423,000
19,109,000
42,005,000
35,036,000
33,501,000
25,220,000
17,120,000
Number Of Employees
330
316
299
285
274
268
262
215
208
671
1,604
1,322
1,233
1,008
602
EBITDA*
10,333,000
11,726,000
8,372,000
8,223,000
7,920,000
6,236,000
9,434,000
11,894,000
7,043,000
2,168,000
5,090,000
11,516,000
17,954,000
5,693,000
3,509,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Jan 2022
Jan 2021
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
37,339,000
34,387,000
35,114,000
31,415,000
30,569,000
26,530,000
27,920,000
11,537,000
12,850,000
16,057,000
94,150,000
84,849,000
82,492,000
53,200,000
35,053,000
Intangible Assets
Investments & Other
387,000
387,000
Debtors (Due After 1 year)
Total Fixed Assets
37,339,000
34,387,000
35,114,000
31,415,000
30,569,000
26,530,000
27,920,000
11,537,000
12,850,000
16,057,000
94,150,000
84,849,000
82,492,000
53,587,000
35,440,000
Stock & work in progress
9,477,000
13,055,000
8,877,000
9,175,000
7,713,000
7,079,000
6,127,000
3,622,000
4,275,000
3,644,000
42,016,000
45,214,000
41,115,000
36,232,000
17,979,000
Trade Debtors
68,699,000
81,447,000
70,904,000
55,711,000
60,777,000
55,962,000
50,125,000
59,731,000
134,444,000
8,411,000
10,165,000
33,086,000
9,643,000
1,544,000
2,821,000
Group Debtors
11,762,000
8,999,000
9,000,000
9,000,000
9,000,000
9,000,000
99,771,000
133,210,000
22,880,000
22,638,000
15,713,000
14,385,000
14,029,000
Misc Debtors
1,141,000
1,225,000
503,000
1,393,000
1,246,000
953,000
825,000
2,835,000
1,452,000
4,143,000
8,064,000
3,298,000
2,412,000
1,479,000
Cash
13,521,000
6,175,000
5,270,000
12,081,000
3,553,000
6,689,000
6,111,000
1,278,000
9,296,000
12,595,000
16,211,000
40,970,000
50,364,000
306,000
3,304,000
misc current assets
total current assets
104,600,000
101,902,000
94,553,000
87,360,000
82,289,000
79,683,000
72,188,000
167,237,000
148,015,000
159,312,000
95,415,000
149,972,000
120,133,000
54,879,000
39,612,000
total assets
141,939,000
136,289,000
129,667,000
118,775,000
112,858,000
106,213,000
100,108,000
178,774,000
160,865,000
175,369,000
189,565,000
234,821,000
202,625,000
108,466,000
75,052,000
Bank overdraft
3,930,000
Bank loan
833,000
3,333,000
3,333,000
2,500,000
Trade Creditors
69,443,000
71,887,000
60,531,000
52,663,000
49,414,000
50,562,000
45,868,000
42,944,000
33,191,000
18,016,000
33,935,000
36,422,000
38,241,000
11,448,000
11,113,000
Group/Directors Accounts
7,401,000
3,312,000
992,000
1,273,000
26,000
16,000
69,000
24,000
4,000
32,374,000
32,281,000
136,892,000
67,960,000
31,886,000
35,392,000
other short term finances
hp & lease commitments
other current liabilities
3,061,000
4,173,000
3,060,000
3,266,000
3,073,000
2,076,000
2,323,000
3,060,000
2,389,000
3,139,000
8,903,000
13,067,000
16,056,000
5,418,000
4,977,000
total current liabilities
79,905,000
79,372,000
65,416,000
60,535,000
55,846,000
55,154,000
48,260,000
46,028,000
35,584,000
53,529,000
75,119,000
186,381,000
122,257,000
52,682,000
51,482,000
loans
834,000
5,000,000
7,500,000
10,000,000
32,000,000
32,000,000
hp & lease commitments
Accruals and Deferred Income
2,000
2,000
4,000
6,000
8,000
10,000
12,000
15,000
16,000
18,000
19,000
other liabilities
provisions
5,011,000
5,151,000
4,077,000
2,640,000
2,184,000
1,438,000
1,559,000
181,000
total long term liabilities
5,011,000
5,153,000
4,079,000
3,478,000
7,190,000
8,946,000
11,569,000
12,000
15,000
16,000
18,000
19,000
32,000,000
32,000,000
181,000
total liabilities
84,916,000
84,525,000
69,495,000
64,013,000
63,036,000
64,100,000
59,829,000
46,040,000
35,599,000
53,545,000
75,137,000
186,400,000
154,257,000
84,682,000
51,663,000
net assets
57,023,000
51,764,000
60,172,000
54,762,000
49,822,000
42,113,000
40,279,000
132,734,000
125,266,000
121,824,000
114,428,000
48,421,000
48,368,000
23,784,000
23,389,000
total shareholders funds
57,023,000
51,764,000
60,172,000
54,762,000
49,822,000
42,113,000
40,279,000
132,734,000
125,266,000
121,824,000
114,428,000
48,421,000
48,368,000
23,784,000
23,389,000
Dec 2023
Dec 2022
Jan 2022
Jan 2021
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
6,814,000
8,314,000
4,784,000
4,817,000
4,555,000
3,058,000
6,598,000
9,445,000
4,603,000
-1,473,000
-3,239,000
3,869,000
10,856,000
925,000
-75,000
Depreciation
3,519,000
3,412,000
3,588,000
3,406,000
3,365,000
3,178,000
2,836,000
2,449,000
2,440,000
3,641,000
8,329,000
7,647,000
7,098,000
4,768,000
3,584,000
Amortisation
Tax
-2,089,000
-1,425,000
-1,509,000
-1,469,000
-1,088,000
-842,000
-1,472,000
-1,988,000
-1,192,000
-3,858,000
-5,693,000
-1,189,000
-9,794,000
-530,000
-1,050,000
Stock
-3,578,000
3,880,000
-298,000
9,175,000
634,000
952,000
2,505,000
-653,000
631,000
-38,372,000
-3,198,000
4,099,000
4,883,000
18,253,000
17,979,000
Debtors
-1,070,000
16,568,000
14,302,000
66,104,000
5,108,000
5,965,000
-102,387,000
27,893,000
-8,629,000
105,885,000
-26,600,000
35,134,000
10,313,000
12,000
18,329,000
Creditors
-2,444,000
19,224,000
7,868,000
52,663,000
-1,148,000
4,694,000
2,924,000
9,753,000
15,175,000
-15,919,000
-2,487,000
-1,819,000
26,793,000
335,000
11,113,000
Accruals and Deferred Income
-1,114,000
905,000
-208,000
3,270,000
995,000
-249,000
-739,000
668,000
-751,000
-5,766,000
-4,165,000
-2,970,000
10,638,000
441,000
4,977,000
Deferred Taxes & Provisions
-140,000
2,511,000
1,437,000
2,640,000
746,000
-121,000
1,559,000
-181,000
181,000
Cash flow from operations
9,194,000
12,493,000
1,956,000
-9,952,000
1,683,000
2,801,000
111,588,000
-6,913,000
28,273,000
-90,888,000
22,543,000
-33,695,000
30,395,000
-12,507,000
-17,578,000
Investing Activities
capital expenditure
-1,788,000
-19,219,000
-1,136,000
767,000
74,452,000
-17,630,000
-10,004,000
-36,390,000
-22,915,000
-38,637,000
Change in Investments
-387,000
387,000
cash flow from investments
-1,788,000
-19,219,000
-1,136,000
767,000
74,452,000
-17,630,000
-10,004,000
-36,003,000
-22,915,000
-39,024,000
Financing Activities
Bank loans
-3,333,000
-2,500,000
3,333,000
833,000
2,500,000
Group/Directors Accounts
4,089,000
2,039,000
-281,000
1,273,000
10,000
-53,000
45,000
20,000
-32,370,000
93,000
-104,611,000
68,932,000
36,074,000
-3,506,000
35,392,000
Other Short Term Loans
Long term loans
-834,000
-834,000
834,000
-2,500,000
-2,500,000
10,000,000
-32,000,000
32,000,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
20,200,000
9,819,000
2,299,000
51,689,000
4,641,000
10,224,000
1,000
5,000
4,071,000
75,448,000
-21,000
22,951,000
24,516,000
interest
-1,000
-41,000
-164,000
-275,000
-399,000
-382,000
-219,000
11,000
25,000
20,000
-509,000
-2,680,000
-756,000
-2,000
cash flow from financing
24,288,000
7,650,000
-1,480,000
56,854,000
2,585,000
-435,000
20,050,000
32,000
-32,340,000
4,184,000
-29,672,000
34,231,000
58,269,000
28,494,000
59,906,000
cash and cash equivalents
cash
7,346,000
-5,906,000
-6,811,000
12,081,000
-3,136,000
578,000
4,833,000
-8,018,000
-3,299,000
-3,616,000
-24,759,000
-9,394,000
50,058,000
-2,998,000
3,304,000
overdraft
-3,930,000
3,930,000
change in cash
7,346,000
-5,906,000
-6,811,000
12,081,000
-3,136,000
578,000
4,833,000
-8,018,000
-3,299,000
-3,616,000
-24,759,000
-9,394,000
53,988,000
-6,928,000
3,304,000
2 agriculture 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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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 58 charges/mortgages relating to 2 agriculture limited. Currently there are 2 open charges and 56 have been satisfied in the past.
2 agriculture 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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2 agriculture limitedCompanies House Filings - See Documents
