braehead foods limited

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braehead foods limited Company Information

Share BRAEHEAD FOODS LIMITED

Company Number

SC193995

Directors

Aileen Dick

Aileen Dick

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Shareholders

reynolds catering supplies ltd

gillian rae

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Group Structure

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Industry

Wholesale of meat and meat products

 +2

Registered Address

unit 7, moorfield north industrial park, kilmarnock, KA2 0FE

braehead foods limited Estimated Valuation

£8m

Pomanda estimates the enterprise value of BRAEHEAD FOODS LIMITED at £8m based on a Turnover of £11.3m and 0.7x industry multiple (adjusted for size and gross margin).

braehead foods limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BRAEHEAD FOODS LIMITED at £0 based on an EBITDA of £-13k and a 7.33x industry multiple (adjusted for size and gross margin).

braehead foods limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BRAEHEAD FOODS LIMITED at £0 based on Net Assets of £-1.2m and 2.01x industry multiple (adjusted for liquidity).

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Braehead Foods Limited Overview

Braehead Foods Limited is a live company located in kilmarnock, KA2 0FE with a Companies House number of SC193995. It operates in the processing and preserving of meat sector, SIC Code 10110. Founded in March 1999, it's largest shareholder is reynolds catering supplies ltd with a 80% stake. Braehead Foods Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.3m with declining growth in recent years.

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Braehead Foods Limited Health Check

Pomanda's financial health check has awarded Braehead Foods Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £16.2m, make it smaller than the average company (£34.4m)

£16.2m - Braehead Foods Limited

£34.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.9%)

-3% - Braehead Foods Limited

5.9% - Industry AVG

production

Production

with a gross margin of 28.6%, this company has a lower cost of product (14%)

28.6% - Braehead Foods Limited

14% - Industry AVG

profitability

Profitability

an operating margin of -7.5% make it less profitable than the average company (2.6%)

-7.5% - Braehead Foods Limited

2.6% - Industry AVG

employees

Employees

with 127 employees, this is above the industry average (99)

127 - Braehead Foods Limited

99 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.5k, the company has an equivalent pay structure (£34.5k)

£29.5k - Braehead Foods Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £127.2k, this is less efficient (£334.7k)

£127.2k - Braehead Foods Limited

£334.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 42 days, this is later than average (33 days)

42 days - Braehead Foods Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 60 days, this is slower than average (28 days)

60 days - Braehead Foods Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is more than average (17 days)

25 days - Braehead Foods Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Braehead Foods Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 117.7%, this is a higher level of debt than the average (54.9%)

117.7% - Braehead Foods Limited

54.9% - Industry AVG

BRAEHEAD FOODS LIMITED financials

EXPORTms excel logo

Braehead Foods Limited's latest turnover from December 2023 is £11.3 million and the company has net assets of -£1.2 million. According to their latest financial statements, Braehead Foods Limited has 115 employees and maintains cash reserves of £86 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover11,322,00016,153,00012,835,2675,381,87717,768,31116,855,29317,485,90316,568,44214,737,68212,490,56910,782,2439,366,9358,549,7677,851,4477,234,236
Other Income Or Grants000000000000000
Cost Of Sales7,604,00011,528,0008,881,4093,691,33212,169,17911,615,03612,868,37312,130,41710,465,3109,036,3777,880,0096,796,7206,293,1537,139,5195,057,727
Gross Profit3,718,0004,625,0003,953,8581,690,5455,599,1325,240,2574,617,5304,438,0254,272,3723,454,1922,902,2342,570,2152,256,614711,9282,176,509
Admin Expenses3,887,0005,841,0003,608,2502,171,6195,160,3805,027,1104,951,5494,681,6533,889,6032,964,8432,639,6342,390,8762,043,027520,5281,944,238
Operating Profit-169,000-1,216,000345,608-481,074438,752213,147-334,019-243,628382,769489,349262,600179,339213,587191,400232,271
Interest Payable78,000128,00087,39862,36975,46887,08676,42675,18270,71262,71064,53067,49653,98250,48750,625
Interest Receivable0000002930000500453
Pre-Tax Profit-247,000-1,344,000258,210-543,443363,284126,061-410,152-318,810312,057426,638198,070111,848159,605140,913182,099
Tax0118,000-68,94895,220-77,058-31,98692,40449,691-72,050-88,087-49,707-44,816-33,593-38,543-92,419
Profit After Tax-247,000-1,226,000189,262-448,223286,22694,075-317,748-269,119240,007338,551148,36367,032126,012102,37089,680
Dividends Paid086,00050,00045,83350,000040,000130,000120,00060,00060,00060,00060,00065,00075,000
Retained Profit-247,000-1,312,000139,262-494,056236,22694,075-357,748-399,119120,007278,55188,3637,03266,01237,37014,680
Employee Costs2,592,0003,747,0002,887,8502,645,0793,642,2683,359,3123,332,2713,016,9652,482,5071,897,0661,622,2211,417,4051,137,1471,158,6381,134,333
Number Of Employees1151271031021401421541491191039286677679
EBITDA*-13,000-994,000565,685-213,590674,383449,677-38,49748,447620,556704,075467,607391,986428,882412,700422,180

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets479,0002,401,0002,390,6912,459,8312,749,3832,625,3322,652,3602,778,1592,805,5772,238,5732,261,0802,359,8422,507,5192,616,2262,667,230
Intangible Assets0000000001,1912,9584,7256,4928,25810,025
Investments & Other000000000000000
Debtors (Due After 1 year)0000000000198,942185,816197,011186,8910
Total Fixed Assets479,0002,401,0002,390,6912,459,8312,749,3832,625,3322,652,3602,778,1592,805,5772,239,7642,462,9802,550,3832,711,0222,811,3752,677,255
Stock & work in progress1,098,000800,000990,130677,549969,126708,483646,874937,186657,755459,156408,573437,387237,790322,068298,605
Trade Debtors1,901,0001,887,0001,533,772358,6531,530,3471,620,2011,705,3751,790,6041,713,0801,264,7651,089,1781,001,318850,539861,068899,422
Group Debtors10,00000000000000000
Misc Debtors258,000249,000168,191250,965321,602233,645263,062299,716224,930278,86555,77343,402148,38516,389149,177
Cash86,00036,00088,838209,11190,61339,73970,41823,913111,832104,58892,49129,4123682,09030
misc current assets000000000000000
total current assets3,353,0002,972,0002,780,9311,496,2782,911,6882,602,0682,685,7293,051,4192,707,5972,107,3741,646,0151,511,5191,237,0821,201,6151,347,234
total assets3,832,0005,373,0005,171,6223,956,1095,661,0715,227,4005,338,0895,829,5785,513,1744,347,1384,108,9954,061,9023,948,1044,012,9904,024,489
Bank overdraft00704,365252,4741,129,722721,0161,246,1271,091,009630,410592,167612,552504,553485,033456,256243,791
Bank loan1,249,0001,761,0000000091,26989,305352,08569,46062,00062,00062,00062,000
Trade Creditors 1,508,0001,901,0001,250,182311,3971,596,8201,508,3761,782,8561,667,7461,346,218868,499893,893930,850697,512755,496673,598
Group/Directors Accounts216,000000000000242,085267,085267,086267,086359,442
other short term finances00000000006,9488,3338,3338,3338,333
hp & lease commitments81,000104,00094,11392,838100,57698,914151,197169,506141,99579,84272,14675,639131,615131,246126,557
other current liabilities514,000741,000489,588345,549246,042208,769354,656401,249428,454329,089232,927234,869206,015194,758297,147
total current liabilities3,568,0004,507,0002,538,2481,002,2583,073,1602,537,0753,534,8363,420,7792,636,3822,221,6822,130,0112,083,3291,857,5941,875,1751,770,868
loans1,300,0001,571,0001,947,7412,438,1951,350,6871,514,578803,932891,144985,127496,406633,101715,833791,753866,789941,017
hp & lease commitments97,000162,00093,904106,742187,909174,243102,768169,537162,51681,65479,92456,93475,199109,108228,874
Accruals and Deferred Income000000000000000
other liabilities67,00086,000115,486140,88100000000000
provisions00117,55348,605143,82566,76734,781127,185128,119104,82792,99491,86486,14283,50877,859
total long term liabilities1,464,0001,819,0002,274,6842,734,4231,682,4211,755,588941,4811,187,8661,275,762682,887806,019864,631953,0941,059,4051,247,750
total liabilities5,032,0006,326,0004,812,9323,736,6814,755,5814,292,6634,476,3174,608,6453,912,1442,904,5692,936,0302,947,9602,810,6882,934,5803,018,618
net assets-1,200,000-953,000358,690219,428905,490934,737861,7721,220,9331,601,0301,442,5691,172,9651,113,9421,137,4161,078,4101,005,871
total shareholders funds-1,200,000-953,000358,690219,428905,490934,737861,7721,220,9331,601,0301,442,5691,172,9651,113,9421,137,4161,078,4101,005,871
Dec 2023Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-169,000-1,216,000345,608-481,074438,752213,147-334,019-243,628382,769489,349262,600179,339213,587191,400232,271
Depreciation156,000222,000220,077267,484235,631236,530295,522292,075236,596212,959203,240210,880213,529219,533188,142
Amortisation000000001,1911,7671,7671,7671,7661,7671,767
Tax0118,000-68,94895,220-77,058-31,98692,40449,691-72,050-88,087-49,707-44,816-33,593-38,543-92,419
Stock107,870-190,130312,581-291,577260,64361,609-290,312279,431198,59950,583-28,814199,597-84,27823,463298,605
Debtors467,037434,0371,092,345-1,242,331-1,897-114,591-121,883152,310394,380199,737113,35734,601131,58715,7491,048,599
Creditors257,818650,818938,785-1,285,42388,444-274,480115,110321,528477,719-25,394-36,957233,338-57,98481,898673,598
Accruals and Deferred Income24,412251,412144,03999,50737,273-145,887-46,593-27,20599,36596,162-1,94228,85411,257-102,389297,147
Deferred Taxes & Provisions-117,553-117,55368,948-95,22077,05831,986-92,404-93423,29211,8331,1305,7222,6345,64977,859
Cash flow from operations-423,230-335,230243,583134,402541,35482,292442,215-40,214555,903448,269295,588380,886303,887320,10331,161
Investing Activities
capital expenditure1,755,691-232,3090000-175,032-54,179-580,954-92,479-30,765-5,868-14,803-155,707-98,309
Change in Investments000000000000000
cash flow from investments1,755,691-232,3090000-175,032-54,179-580,954-92,479-30,765-5,868-14,803-155,707-98,309
Financing Activities
Bank loans1,249,0001,761,0000000-91,2691,964-262,780282,6257,46000062,000
Group/Directors Accounts216,00000000000-242,085-25,000-10-92,356359,442
Other Short Term Loans 000000000-6,948-1,3850008,333
Long term loans-647,741-376,741-490,4541,087,508-163,891710,646-87,212-93,983488,721-136,695-82,732-75,920-75,036-74,228941,017
Hire Purchase and Lease Commitments-10,01777,983-11,563-88,90515,32819,192-85,07834,532143,0159,42619,497-74,241-33,540-115,077355,431
other long term liabilities-48,486-29,486-25,395140,88100000000000
share issue-1,311,6903100-192,006-265,473-21,110-1,41319,02238,454-8,947-29,340-30,506-7,00635,169991,191
interest-78,000-128,000-87,398-62,369-75,468-87,086-76,133-75,182-70,712-62,710-64,530-67,491-53,982-50,487-50,172
cash flow from financing-630,9341,305,066-614,810885,109-489,504621,642-341,105-113,647336,698-165,334-176,030-248,159-169,564-296,9792,667,242
cash and cash equivalents
cash-2,838-52,838-120,273118,49850,874-30,67946,505-87,9197,24412,09763,07929,044-1,7222,06030
overdraft-704,365-704,365451,891-877,248408,706-525,111155,118460,59938,243-20,385107,99919,52028,777212,465243,791
change in cash701,527651,527-572,164995,746-357,832494,432-108,613-548,518-30,99932,482-44,9209,524-30,499-210,405-243,761

braehead foods limited Credit Report and Business Information

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Low Risk50 - 70
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High Risk20 - 30
Very High Risk0 - 20
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Braehead Foods Limited Competitor Analysis

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Perform a competitor analysis for braehead foods limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in KA2 area or any other competitors across 12 key performance metrics.

braehead foods limited Ownership

BRAEHEAD FOODS LIMITED group structure

Braehead Foods Limited has 1 subsidiary company.

Ultimate parent company

2 parents

BRAEHEAD FOODS LIMITED

SC193995

1 subsidiary

BRAEHEAD FOODS LIMITED Shareholders

reynolds catering supplies ltd 80%
gillian rae 10%
aileen stevenson 10%

braehead foods limited directors

Braehead Foods Limited currently has 6 directors. The longest serving directors include Mrs Aileen Dick (Jan 2020) and Mrs Aileen Dick (Jan 2020).

officercountryagestartendrole
Mrs Aileen Dick37 years Jan 2020- Director
Mrs Aileen Dick37 years Jan 2020- Director
Mrs Gillian Rae40 years Jul 2023- Director
Mr Antony ReynoldsEngland61 years Sep 2023- Director
Mr Andrew AustinEngland51 years Sep 2023- Director
Mr Glenn Collins42 years Dec 2024- Director

P&L

December 2023

turnover

11.3m

-12%

operating profit

-169k

-149%

gross margin

32.9%

+6.6%

turnover

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

Balance Sheet

December 2023

net assets

-1.2m

-4.35%

total assets

3.8m

-0.26%

cash

86k

-0.03%

net assets

Total assets minus all liabilities

braehead foods limited company details

company number

SC193995

Type

Private limited with Share Capital

industry

10110 - Processing and preserving of meat

46320 - Wholesale of meat and meat products

10120 - Processing and preserving of poultry meat

incorporation date

March 1999

age

26

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

acredale limited (April 1999)

accountant

BDO LLP

auditor

-

address

unit 7, moorfield north industrial park, kilmarnock, KA2 0FE

Bank

THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

MCCLUSKEY BROWNE

braehead foods 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 braehead foods limited. Currently there are 2 open charges and 11 have been satisfied in the past.

braehead foods 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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braehead foods limited Companies House Filings - See Documents

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