ahmeds frozen foods limited

ahmeds frozen foods limited Company Information

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Company Number

SC544294

Industry

Wholesale of meat and meat products

 

Other food service activities

 

Directors

Mumtaz Khan

Shareholders

mumtaz ahmed khan

Group Structure

View All

Contact

Registered Address

2 whitlawburn terrace, cambuslang, glasgow, G72 8BZ

Website

-

ahmeds frozen foods limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of AHMEDS FROZEN FOODS LIMITED at £6.1m based on a Turnover of £13.1m and 0.47x industry multiple (adjusted for size and gross margin).

ahmeds frozen foods limited Estimated Valuation

£470.8k

Pomanda estimates the enterprise value of AHMEDS FROZEN FOODS LIMITED at £470.8k based on an EBITDA of £92.5k and a 5.09x industry multiple (adjusted for size and gross margin).

ahmeds frozen foods limited Estimated Valuation

£8.1m

Pomanda estimates the enterprise value of AHMEDS FROZEN FOODS LIMITED at £8.1m based on Net Assets of £3.2m and 2.53x industry multiple (adjusted for liquidity).

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Ahmeds Frozen Foods Limited Overview

Ahmeds Frozen Foods Limited is a live company located in glasgow, G72 8BZ with a Companies House number of SC544294. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in September 2016, it's largest shareholder is mumtaz ahmed khan with a 100% stake. Ahmeds Frozen Foods Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.1m with declining growth in recent years.

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Ahmeds Frozen Foods Limited Health Check

Pomanda's financial health check has awarded Ahmeds Frozen Foods Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

5 Regular

positive_score

5 Weak

size

Size

annual sales of £13.1m, make it in line with the average company (£13.6m)

£13.1m - Ahmeds Frozen Foods Limited

£13.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8.6%)

-3% - Ahmeds Frozen Foods Limited

8.6% - Industry AVG

production

Production

with a gross margin of 18.7%, this company has a comparable cost of product (18.7%)

18.7% - Ahmeds Frozen Foods Limited

18.7% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (2.9%)

0.5% - Ahmeds Frozen Foods Limited

2.9% - Industry AVG

employees

Employees

with 109 employees, this is above the industry average (29)

109 - Ahmeds Frozen Foods Limited

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)

£30.4k - Ahmeds Frozen Foods Limited

£30.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £119.9k, this is less efficient (£318.4k)

£119.9k - Ahmeds Frozen Foods Limited

£318.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is later than average (31 days)

50 days - Ahmeds Frozen Foods Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is quicker than average (30 days)

24 days - Ahmeds Frozen Foods Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 16 days, this is in line with average (14 days)

16 days - Ahmeds Frozen Foods Limited

14 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (15 weeks)

15 weeks - Ahmeds Frozen Foods Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 20.4%, this is a lower level of debt than the average (61.9%)

20.4% - Ahmeds Frozen Foods Limited

61.9% - Industry AVG

AHMEDS FROZEN FOODS LIMITED financials

EXPORTms excel logo

Ahmeds Frozen Foods Limited's latest turnover from September 2023 is estimated at £13.1 million and the company has net assets of £3.2 million. According to their latest financial statements, we estimate that Ahmeds Frozen Foods Limited has 109 employees and maintains cash reserves of £243.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017
Turnover13,068,47013,254,06513,460,53314,298,25711,350,26910,954,1669,705,219
Other Income Or Grants0000000
Cost Of Sales10,625,23010,618,23410,933,75511,634,7319,178,0989,060,3727,831,280
Gross Profit2,443,2392,635,8312,526,7792,663,5262,172,1711,893,7941,873,938
Admin Expenses2,377,9592,601,6532,482,4402,607,2602,146,3562,142,5382,221,055
Operating Profit65,28034,17844,33956,26625,815-248,744-347,117
Interest Payable02,0597,75810,9465,21200
Interest Receivable14,73811,8908149127,1798,7291,685
Pre-Tax Profit80,01744,00937,39546,23227,781-240,015-345,432
Tax-20,004-8,362-7,105-8,784-5,27800
Profit After Tax60,01335,64730,29037,44822,503-240,015-345,432
Dividends Paid0000000
Retained Profit60,01335,64730,29037,44822,503-240,015-345,432
Employee Costs3,310,4343,527,4663,088,1723,480,8762,836,138721,170570,290
Number Of Employees1091251161331102923
EBITDA*92,546105,525124,209146,786151,838-80,713-123,077

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017
Tangible Assets109,065136,331170,414213,018266,272355,029473,372
Intangible Assets0037,26474,530111,796149,062198,750
Investments & Other0000000
Debtors (Due After 1 year)0000073,0000
Total Fixed Assets109,065136,331207,678287,548378,068577,091672,122
Stock & work in progress465,831580,864785,574817,880870,429801,786899,876
Trade Debtors1,790,3592,017,1061,953,6311,780,4391,329,1951,418,9091,223,219
Group Debtors0000000
Misc Debtors1,400,000850,00000000
Cash243,691317,742739,177889,351934,562979,8761,347,860
misc current assets10,4289,71711,00615,40619,29000
total current assets3,910,3093,775,4293,489,3883,503,0763,153,4763,200,5713,470,955
total assets4,019,3743,911,7603,697,0663,790,6243,531,5443,777,6624,143,077
Bank overdraft0000000
Bank loan0000000
Trade Creditors 720,863689,286435,288391,238239,089363,397432,776
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities98,05882,034107,064120,441100,95800
total current liabilities818,921771,320542,352511,679340,047363,397432,776
loans0049,921204,442154,44200
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities00000399,713455,734
provisions0000000
total long term liabilities0049,921204,442154,442399,713455,734
total liabilities818,921771,320592,273716,121494,489763,110888,510
net assets3,200,4533,140,4403,104,7933,074,5033,037,0553,014,5523,254,567
total shareholders funds3,200,4533,140,4403,104,7933,074,5033,037,0553,014,5523,254,567
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017
Operating Activities
Operating Profit65,28034,17844,33956,26625,815-248,744-347,117
Depreciation27,26634,08342,60453,25488,757118,343157,790
Amortisation037,26437,26637,26637,26649,68866,250
Tax-20,004-8,362-7,105-8,784-5,27800
Stock-115,033-204,710-32,306-52,54968,643-98,090899,876
Debtors323,253913,475173,192451,244-162,714268,6901,223,219
Creditors31,577253,99844,050152,149-124,308-69,379432,776
Accruals and Deferred Income16,024-25,030-13,37719,483100,95800
Deferred Taxes & Provisions0000000
Cash flow from operations-88,077-382,6346,891-89,061217,281-320,692-1,813,396
Investing Activities
capital expenditure000000-896,162
Change in Investments0000000
cash flow from investments000000-896,162
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0-49,921-154,52150,000154,44200
Hire Purchase and Lease Commitments0000000
other long term liabilities0000-399,713-56,021455,734
share issue0000003,599,999
interest14,7389,831-6,944-10,0341,9678,7291,685
cash flow from financing14,738-40,090-161,46539,966-243,304-47,2924,057,418
cash and cash equivalents
cash-74,051-421,435-150,174-45,211-45,314-367,9841,347,860
overdraft0000000
change in cash-74,051-421,435-150,174-45,211-45,314-367,9841,347,860

ahmeds frozen foods 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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Ahmeds Frozen Foods Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ahmeds frozen foods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in G72 area or any other competitors across 12 key performance metrics.

ahmeds frozen foods limited Ownership

AHMEDS FROZEN FOODS LIMITED group structure

Ahmeds Frozen Foods Limited has no subsidiary companies.

Ultimate parent company

AHMEDS FROZEN FOODS LIMITED

SC544294

AHMEDS FROZEN FOODS LIMITED Shareholders

mumtaz ahmed khan 100%

ahmeds frozen foods limited directors

Ahmeds Frozen Foods Limited currently has 1 director, Mr Mumtaz Khan serving since Jan 2018.

officercountryagestartendrole
Mr Mumtaz KhanUnited Kingdom44 years Jan 2018- Director

P&L

September 2023

turnover

13.1m

-1%

operating profit

65.3k

0%

gross margin

18.7%

-5.99%

turnover

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

Balance Sheet

September 2023

net assets

3.2m

+0.02%

total assets

4m

+0.03%

cash

243.7k

-0.23%

net assets

Total assets minus all liabilities

ahmeds frozen foods limited company details

company number

SC544294

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

56290 - Other food service activities

incorporation date

September 2016

age

8

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

-

address

2 whitlawburn terrace, cambuslang, glasgow, G72 8BZ

Bank

-

Legal Advisor

-

ahmeds frozen 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 did not find charges/mortgages relating to ahmeds frozen foods limited.

charges

ahmeds frozen foods limited Companies House Filings - See Documents

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