united brands ltd
united brands ltd Company Information
Company Number
SC527065
Next Accounts
76 days late
Industry
Other food service activities
Shareholders
hero brands ltd
Group Structure
View All
Contact
Registered Address
5 westpoint house, 5 redwood place, peel park, east kilbride, glasgow, G74 5PB
Website
http://www.uniteduk.co.ukunited brands ltd Estimated Valuation
Pomanda estimates the enterprise value of UNITED BRANDS LTD at £43.8m based on a Turnover of £37.3m and 1.17x industry multiple (adjusted for size and gross margin).
united brands ltd Estimated Valuation
Pomanda estimates the enterprise value of UNITED BRANDS LTD at £21.6m based on an EBITDA of £2m and a 10.68x industry multiple (adjusted for size and gross margin).
united brands ltd Estimated Valuation
Pomanda estimates the enterprise value of UNITED BRANDS LTD at £24.6m based on Net Assets of £8.7m and 2.84x industry multiple (adjusted for liquidity).
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United Brands Ltd Overview
United Brands Ltd is a live company located in east kilbride, G74 5PB with a Companies House number of SC527065. It operates in the other food services sector, SIC Code 56290. Founded in February 2016, it's largest shareholder is hero brands ltd with a 100% stake. United Brands Ltd is a young, large sized company, Pomanda has estimated its turnover at £37.3m with rapid growth in recent years.
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United Brands Ltd Health Check
Pomanda's financial health check has awarded United Brands Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £37.3m, make it larger than the average company (£2.7m)
£37.3m - United Brands Ltd
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (3.7%)
45% - United Brands Ltd
3.7% - Industry AVG
Production
with a gross margin of 35.7%, this company has a lower cost of product (26.8%)
35.7% - United Brands Ltd
26.8% - Industry AVG
Profitability
an operating margin of 4.9% make it more profitable than the average company (3.3%)
4.9% - United Brands Ltd
3.3% - Industry AVG
Employees
with 30 employees, this is similar to the industry average (25)
30 - United Brands Ltd
25 - Industry AVG
Pay Structure
on an average salary of £66.9k, the company has a higher pay structure (£24.2k)
£66.9k - United Brands Ltd
£24.2k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£76.1k)
£1.2m - United Brands Ltd
£76.1k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (35 days)
39 days - United Brands Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (37 days)
26 days - United Brands Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (16 days)
9 days - United Brands Ltd
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (18 weeks)
2 weeks - United Brands Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.4%, this is a lower level of debt than the average (69.8%)
33.4% - United Brands Ltd
69.8% - Industry AVG
UNITED BRANDS LTD financials
United Brands Ltd's latest turnover from December 2022 is £37.3 million and the company has net assets of £8.7 million. According to their latest financial statements, United Brands Ltd has 30 employees and maintains cash reserves of £237 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 37,283,956 | 33,564,258 | 19,560,102 | 12,343,960 | 6,488,902 | 2,928,108 | 1,062,188 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 23,972,062 | 21,514,404 | 12,687,208 | 8,312,612 | 4,204,940 | 1,667,483 | 527,831 |
| Gross Profit | 13,311,894 | 12,049,854 | 6,872,894 | 4,031,348 | 2,283,962 | 1,260,625 | 534,357 |
| Admin Expenses | 11,483,925 | 8,658,136 | 4,656,367 | 3,012,607 | 1,763,188 | 663,218 | 528,658 |
| Operating Profit | 1,827,969 | 3,391,718 | 2,216,527 | 1,018,741 | 520,774 | 597,407 | 5,699 |
| Interest Payable | 22,256 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 1,763 | 0 | 195 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,805,713 | 3,393,481 | 2,216,527 | 1,018,936 | 520,774 | 597,407 | 5,699 |
| Tax | -63,985 | -553,098 | -341,759 | -164,714 | -47,632 | -72,263 | -2,712 |
| Profit After Tax | 1,741,728 | 2,840,383 | 1,874,768 | 854,222 | 473,142 | 525,144 | 2,987 |
| Dividends Paid | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,721,728 | 2,840,383 | 1,874,768 | 854,222 | 473,142 | 525,144 | 2,987 |
| Employee Costs | 2,007,830 | 1,292,473 | 23,783 | ||||
| Number Of Employees | 30 | 18 | 12 | 7 | 6 | 3 | 1 |
| EBITDA* | 2,027,313 | 3,500,137 | 2,295,892 | 1,074,561 | 554,059 | 628,027 | 30,123 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 511,650 | 465,183 | 160,956 | 187,844 | 6,917 | 7,767 | 2,251 |
| Intangible Assets | 115,233 | 146,986 | 182,952 | 216,524 | 220,720 | 251,340 | 281,960 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 626,883 | 612,169 | 343,908 | 404,368 | 227,637 | 259,107 | 284,211 |
| Stock & work in progress | 613,302 | 1,269,383 | 0 | 53,176 | 0 | 0 | 41,759 |
| Trade Debtors | 4,018,251 | 3,760,942 | 2,184,034 | 1,217,808 | 950,500 | 248,008 | 143,960 |
| Group Debtors | 6,381,923 | 5,185,956 | 3,469,212 | 1,730,524 | 863,521 | 0 | 0 |
| Misc Debtors | 1,123,696 | 650,178 | 78,817 | 47,536 | 107,846 | 86,218 | 273,541 |
| Cash | 237,022 | 74,926 | 505,573 | 407,916 | 153,131 | 243,361 | 48,429 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,374,194 | 10,941,385 | 6,237,636 | 3,456,960 | 2,074,998 | 577,587 | 507,689 |
| total assets | 13,001,077 | 11,553,554 | 6,581,544 | 3,861,328 | 2,302,635 | 836,694 | 791,900 |
| Bank overdraft | 648,644 | 0 | 0 | 663,966 | 790,685 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,716,016 | 1,217,430 | 845,156 | 353,453 | 264,154 | 51,844 | 85,011 |
| Group/Directors Accounts | 0 | 2,330 | 0 | 52,396 | 105,079 | 85,083 | 543,411 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,932,100 | 3,309,151 | 2,006,025 | 935,918 | 141,164 | 170,985 | 159,928 |
| total current liabilities | 4,296,760 | 4,528,911 | 2,851,181 | 2,005,733 | 1,301,082 | 307,912 | 788,350 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 39,383 | 81,437 | 0 | 0 | 180 | 551 | 463 |
| total long term liabilities | 39,383 | 81,437 | 0 | 0 | 180 | 551 | 463 |
| total liabilities | 4,336,143 | 4,610,348 | 2,851,181 | 2,005,733 | 1,301,262 | 308,463 | 788,813 |
| net assets | 8,664,934 | 6,943,206 | 3,730,363 | 1,855,595 | 1,001,373 | 528,231 | 3,087 |
| total shareholders funds | 8,664,934 | 6,943,206 | 3,730,363 | 1,855,595 | 1,001,373 | 528,231 | 3,087 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,827,969 | 3,391,718 | 2,216,527 | 1,018,741 | 520,774 | 597,407 | 5,699 |
| Depreciation | 167,591 | 72,453 | 45,793 | 24,044 | 2,665 | 0 | 184 |
| Amortisation | 31,753 | 35,966 | 33,572 | 31,776 | 30,620 | 30,620 | 24,240 |
| Tax | -63,985 | -553,098 | -341,759 | -164,714 | -47,632 | -72,263 | -2,712 |
| Stock | -656,081 | 1,269,383 | -53,176 | 53,176 | 0 | -41,759 | 41,759 |
| Debtors | 1,926,794 | 3,865,013 | 2,736,195 | 1,074,001 | 1,587,641 | -83,275 | 417,501 |
| Creditors | 498,586 | 372,274 | 491,703 | 89,299 | 212,310 | -33,167 | 85,011 |
| Accruals and Deferred Income | -1,377,051 | 1,303,126 | 1,070,107 | 794,754 | -29,821 | 11,057 | 159,928 |
| Deferred Taxes & Provisions | -42,054 | 81,437 | 0 | -180 | -371 | 88 | 463 |
| Cash flow from operations | -227,904 | -430,520 | 832,924 | 666,543 | -899,096 | 658,776 | -186,447 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,330 | 2,330 | -52,396 | -52,683 | 19,996 | -458,328 | 543,411 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -22,256 | 1,763 | 0 | 195 | 0 | 0 | 0 |
| cash flow from financing | -24,586 | 376,553 | -52,396 | -52,488 | 19,996 | -458,328 | 543,511 |
| cash and cash equivalents | |||||||
| cash | 162,096 | -430,647 | 97,657 | 254,785 | -90,230 | 194,932 | 48,429 |
| overdraft | 648,644 | 0 | -663,966 | -126,719 | 790,685 | 0 | 0 |
| change in cash | -486,548 | -430,647 | 761,623 | 381,504 | -880,915 | 194,932 | 48,429 |
united brands ltd Credit Report and Business Information
United Brands Ltd Competitor Analysis
Perform a competitor analysis for united brands ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in G74 area or any other competitors across 12 key performance metrics.
united brands ltd Ownership
UNITED BRANDS LTD group structure
United Brands Ltd has 1 subsidiary company.
Ultimate parent company
1 parent
UNITED BRANDS LTD
SC527065
1 subsidiary
united brands ltd directors
United Brands Ltd currently has 2 directors. The longest serving directors include Mr Athif Sarwar (Apr 2021) and Mr Kevin Giudici (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Athif Sarwar | Scotland | 46 years | Apr 2021 | - | Director |
| Mr Kevin Giudici | 47 years | Nov 2023 | - | Director |
P&L
December 2022turnover
37.3m
+11%
operating profit
1.8m
-46%
gross margin
35.8%
-0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.7m
+0.25%
total assets
13m
+0.13%
cash
237k
+2.16%
net assets
Total assets minus all liabilities
united brands ltd company details
company number
SC527065
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
February 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
WYLIE & BISSET (AUDIT) LIMITED
address
5 westpoint house, 5 redwood place, peel park, east kilbride, glasgow, G74 5PB
Bank
HSBC BANK PLC
Legal Advisor
HARPER MACLEOD LLP
united brands ltd 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 did not find charges/mortgages relating to united brands ltd.
united brands ltd 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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united brands ltd Companies House Filings - See Documents
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