Angus Soft Fruits Limited

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angus soft fruits limited Company Information

Live

MatureMegaDeclining

Company Number

SC185769

Next Accounts

Jan 2025

Industry

Wholesale of fruit and vegetables

Directors

William Porter

Lochart Porter

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Shareholders

lochart mcdonald porter

james alexander gordon gray

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Group Structure

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Contact

Registered Address

east seaton farm, arbroath, angus, DD11 5SD

Website

www.angussoftfruits.co.uk

angus soft fruits limited Estimated Valuation

£73.6m

Pomanda estimates the enterprise value of ANGUS SOFT FRUITS LIMITED at £73.6m based on a Turnover of £161.6m and 0.46x industry multiple (adjusted for size and gross margin).

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Angus Soft Fruits Limited is a live company located in angus, DD11 5SD with a Companies House number of SC185769. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in May 1998, it's largest shareholder is lochart mcdonald porter with a 60% stake. Angus Soft Fruits Limited is a mature, mega sized company, Pomanda has estimated its turnover at £161.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Angus Soft Fruits Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

4 Strong

0 Regular

8 Weak

Size

annual sales of £161.6m, make it larger than the average company (£19.8m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3.8%)

EXPORT

Angus Soft Fruits Limited's latest turnover from April 2023 is £161.6 million and the company has net assets of £5.6 million. According to their latest financial statements, Angus Soft Fruits Limited has 194 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	161,584,476	173,063,469	193,371,058	190,815,638	179,480,875	159,587,841	123,985,266	95,098,234	73,937,954	67,075,556	70,382,478	84,260,428	89,650,328	70,526,084
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	148,442,512	159,579,297	177,438,819	173,527,303	164,047,685	147,486,469	113,869,425	85,764,452	67,389,697	62,613,066	65,489,644	79,495,276	84,865,152	67,193,986
Gross Profit	13,141,964	13,484,172	15,932,239	17,288,335	15,433,190	12,101,372	10,115,841	9,333,782	6,548,257	4,462,490	4,892,834	4,765,152	4,785,176	3,332,098
Admin Expenses	13,301,421	13,293,044	15,330,954	16,044,175	14,108,266	11,134,816	9,355,873	8,805,969	6,256,229	4,303,813	4,752,764	4,337,753	4,572,156	3,161,799
Operating Profit	-159,457	191,128	601,285	1,244,160	1,324,924	966,556	759,968	527,813	292,028	158,677	140,070	427,399	213,020	170,299
Interest Payable	21	240,622	149,351	87,460	0	0	288,055	0	0	0	0	0	5,851	17,317
Interest Receivable	398,767	0	0	1,001	2,936	2,846	2,614	4,184	3,227	4,197	5,170	4,230	861	6,527
Pre-Tax Profit	291,032	-114,869	574,356	1,157,701	1,327,860	969,402	762,582	531,997	295,255	162,874	145,240	431,629	208,030	159,509
Tax	-281,201	-417,388	-291,837	-527,099	-114,123	110,002	-25,936	-84,216	162,717	54,387	-39,404	-79,848	-45,255	-28,472
Profit After Tax	9,831	-532,257	282,519	630,602	1,213,737	1,079,404	736,646	447,781	457,972	217,261	105,836	351,781	162,775	131,037
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	9,831	-193,920	250,321	453,553	1,408,912	1,062,638	736,646	447,781	457,972	217,261	105,836	351,781	162,775	131,037
Employee Costs	9,249,654	9,241,405	10,597,064	11,038,845	8,720,648	5,938,705	4,644,284	3,546,965	2,895,683	2,581,710	1,913,475	1,403,410	858,938	780,445
Number Of Employees	194	215	247	238	207	193	161	128	109	88	74	47	24	23
EBITDA*	558,196	1,044,653	1,485,452	2,171,778	2,075,813	1,548,380	1,125,316	809,022	542,075	417,950	422,441	675,270	442,309	356,149

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,144,007	1,611,732	1,994,604	2,604,837	2,917,869	2,470,397	2,154,665	997,203	1,121,100	853,892	1,028,627	1,188,606	1,054,722	784,529
Intangible Assets	64,682	57,053	58,340	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	3,700,627	1,934,201	1,828,616	470,159	178,078	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	860,528	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	5,769,844	3,602,986	3,881,560	3,074,996	3,095,947	2,470,397	2,154,665	997,203	1,121,100	853,892	1,028,627	1,188,606	1,054,722	784,529
Stock & work in progress	969,224	1,707,811	1,228,581	1,103,427	1,248,002	529,610	1,536,804	463,235	153,953	82,837	3,811	153,118	195,708	143,196
Trade Debtors	20,698,537	24,233,748	20,508,188	23,401,606	25,629,959	22,889,008	17,416,735	10,569,218	8,242,112	6,018,196	5,696,379	11,344,174	15,346,977	10,662,155
Group Debtors	540,167	1,884,176	731,471	2,093,469	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,275,282	2,637,655	4,428,471	5,264,590	3,325,851	1,892,880	0	351,119	438,409	642,626	337,556	764,815	732,298	754,129
Cash	1,722,211	1,361,939	4,892,966	3,864,054	4,305,531	3,502,909	3,550,305	2,792,808	1,084,788	574,929	1,637,822	2,980,825	534,434	40,294
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	26,205,421	31,825,329	31,789,677	35,727,146	34,509,343	28,814,407	22,503,844	14,176,380	9,919,262	7,318,588	7,675,568	15,242,932	16,809,417	11,599,774
total assets	31,975,265	35,428,315	35,671,237	38,802,142	37,605,290	31,284,804	24,658,509	15,173,583	11,040,362	8,172,480	8,704,195	16,431,538	17,864,139	12,384,303
Bank overdraft	8,041,915	8,595,028	10,166,692	5,877,395	7,685,489	7,167,533	6,844,788	2,372,973	2,414,305	1,369,489	1,222,241	3,057,244	2,294,276	309,908
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	8,333,703	7,959,964	6,702,291	11,918,709	11,942,462	10,516,147	8,317,743	4,473,446	2,978,456	3,261,654	2,368,035	9,809,382	11,789,818	9,334,214
Group/Directors Accounts	962,178	452,916	0	0	0	0	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	80,910	77,477	155,881	207,841	207,841	0	0	0	0	0	0	0	0	0
other current liabilities	5,542,978	7,970,922	8,684,318	12,410,252	11,247,183	9,336,354	6,200,941	5,794,559	3,646,993	1,871,507	3,621,446	2,133,802	2,708,229	1,856,973
total current liabilities	22,961,684	25,056,307	25,709,182	30,414,197	31,082,975	27,020,034	21,363,472	12,640,978	9,039,754	6,502,650	7,211,722	15,000,428	16,792,323	11,501,095
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	58,029	140,566	0	155,631	363,471	0	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	3,360,000	3,960,000	3,580,000	2,120,000	400,000	0	0	0	0	0	0	0	0	0
provisions	0	0	0	105,305	102,259	0	110,002	84,216	0	34,754	51,548	67,134	42,073	28,291
total long term liabilities	3,418,029	4,100,566	3,580,000	2,380,936	865,730	0	110,002	84,216	0	34,754	51,548	67,134	42,073	28,291
total liabilities	26,379,713	29,156,873	29,289,182	32,795,133	31,948,705	27,020,034	21,473,474	12,725,194	9,039,754	6,537,404	7,263,270	15,067,562	16,834,396	11,529,386
net assets	5,595,552	6,271,442	6,382,055	6,007,009	5,656,585	4,247,673	3,185,035	2,448,389	2,000,608	1,635,076	1,440,925	1,363,976	1,029,743	854,917
total shareholders funds	5,595,552	6,271,442	6,382,055	6,007,009	5,656,585	4,247,673	3,185,035	2,448,389	2,000,608	1,635,076	1,440,925	1,363,976	1,029,743	854,917

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-159,457	191,128	601,285	1,244,160	1,324,924	966,556	759,968	527,813	292,028	158,677	140,070	427,399	213,020	170,299
Depreciation	657,725	804,309	847,803	927,618	750,889	581,824	365,348	281,209	250,047	259,273	282,371	247,871	229,289	185,850
Amortisation	59,928	49,216	36,364	0	0	0	0	0	0	0	0	0	0	0
Tax	-281,201	-417,388	-291,837	-527,099	-114,123	110,002	-25,936	-84,216	162,717	54,387	-39,404	-79,848	-45,255	-28,472
Stock	-738,587	479,230	125,154	-144,575	718,392	-1,007,194	1,073,569	309,282	71,116	79,026	-149,307	-42,590	52,512	143,196
Debtors	-4,381,065	3,087,449	-5,091,535	1,803,855	4,173,922	7,365,153	6,496,398	2,239,816	2,019,699	626,887	-6,075,054	-3,970,286	4,662,991	11,416,284
Creditors	373,739	1,257,673	-5,216,418	-23,753	1,426,315	2,198,404	3,844,297	1,494,990	-283,198	893,619	-7,441,347	-1,980,436	2,455,604	9,334,214
Accruals and Deferred Income	-2,427,944	-713,396	-3,725,934	1,163,069	1,910,829	3,135,413	406,382	2,147,566	1,775,486	-1,749,939	1,487,644	-574,427	851,256	1,856,973
Deferred Taxes & Provisions	0	0	-105,305	3,046	102,259	-110,002	25,786	84,216	-34,754	-16,794	-15,586	25,061	13,782	28,291
Cash flow from operations	3,342,442	-2,395,137	-2,887,661	1,127,761	508,779	524,238	-2,194,122	1,902,480	71,511	-1,106,690	638,109	2,078,496	-997,807	-12,325
Investing Activities
capital expenditure	0	0	0	0	0	-887,270	-1,557,062	-248,271	-522,666	-87,628	-121,481	-383,734	-514,612	-535,886
Change in Investments	1,766,426	105,585	1,358,457	292,081	178,078	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,766,426	-105,585	-1,358,457	-292,081	-178,078	-887,270	-1,557,062	-248,271	-522,666	-87,628	-121,481	-383,734	-514,612	-535,886
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	509,262	452,916	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-79,104	62,162	-207,591	-207,840	571,312	0	0	0	0	0	0	0	0	0
other long term liabilities	-600,000	380,000	1,460,000	1,720,000	400,000	0	0	0	0	0	0	0	0	0
share issue	-685,721	83,307	124,725	-103,129	0	0	0	0	-92,440	-23,110	-28,887	-17,548	12,051	723,880
interest	398,746	-240,622	-149,351	-86,459	2,936	2,846	-285,441	4,184	3,227	4,197	5,170	4,230	-4,990	-10,790
cash flow from financing	-456,817	737,763	1,227,783	1,322,572	974,248	2,846	-285,441	4,184	-89,213	-18,913	-23,717	-13,318	7,061	713,090
cash and cash equivalents
cash	360,272	-3,531,027	1,028,912	-441,477	802,622	-47,396	757,497	1,708,020	509,859	-1,062,893	-1,343,003	2,446,391	494,140	40,294
overdraft	-553,113	-1,571,664	4,289,297	-1,808,094	517,956	322,745	4,471,815	-41,332	1,044,816	147,248	-1,835,003	762,968	1,984,368	309,908
change in cash	913,385	-1,959,363	-3,260,385	1,366,617	284,666	-370,141	-3,714,318	1,749,352	-534,957	-1,210,141	492,000	1,683,423	-1,490,228	-269,614

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for angus soft fruits limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in DD11 area or any other competitors across 12 key performance metrics.

ANGUS SOFT FRUITS LIMITED group structure

Angus Soft Fruits Limited has no subsidiary companies.

Ultimate parent company

ANGUS SOFT FRUITS LIMITED

SC185769

ANGUS SOFT FRUITS LIMITED Shareholders

lochart mcdonald porter	60%
james alexander gordon gray	20%
william henry porter	20%

Angus Soft Fruits Limited currently has 5 directors. The longest serving directors include Mr William Porter (Jun 1998) and Mr Lochart Porter (Jun 1998).

officer	age	start	end	role
Mr William Porter	87 years	Jun 1998	-	Director
Mr Lochart Porter	56 years	Jun 1998	-	Director
Mr James Gray	73 years	Jun 1998	-	Director
Mr John Gray	48 years	May 2008	-	Director
Mr Neil Redford	57 years	Mar 2014	-	Director

P&L

April 2023

turnover

161.6m

-7%

operating profit

-159.5k

-183%

gross margin

8.2%

+4.39%

turnover

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

Balance Sheet

April 2023

net assets

5.6m

-0.11%

total assets

32m

-0.1%

cash

1.7m

+0.26%

net assets

Total assets minus all liabilities

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company number

SC185769

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

incorporation date

May 1998

ultimate parent company

None

previous names

castlelaw (no. 232) limited (June 1998)

address

east seaton farm, arbroath, angus, DD11 5SD

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 5 charges/mortgages relating to angus soft fruits limited. Currently there are 3 open charges and 2 have been satisfied in the past.

angus soft fruits limited Company Information

angus soft fruits limited Estimated Valuation

angus soft fruits limited Estimated Valuation

angus soft fruits limited Estimated Valuation

Angus Soft Fruits Limited Overview

Angus Soft Fruits Limited Health Check

ANGUS SOFT FRUITS LIMITED financials

angus soft fruits limited Credit Report and Business Information

Angus Soft Fruits Limited Competitor Analysis

angus soft fruits limited Ownership

angus soft fruits limited directors

angus soft fruits limited company details

angus soft fruits limited Charges & Mortgages

angus soft fruits limited Companies House Filings - See Documents