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Birds eye ltd
Registration Number
00343496Incorporation Date
18/08/1938Last Annual Return
Not availableAddress
Forge, 43 Church Street West, Woking, Surrey. GU21 6HT
Website
www.nomadfoods.comAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr Alastair Duncan (46 yrs)
Active
Mr Craig Hamilton (53 yrs)
Active
Ms Stacey Louise Goff (38 yrs)
Active
Mr Shaun Lee Smith (47 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 732687 | 704356 | 754176 | 836567 | 946237 |
| Directors Fees | 1958 | 1380 | 1245 | 1017 | 1220 |
| Gross Profits | 153933 | 144748 | 136288 | 162506 | 183810 |
| Value Added | 170679 | 164481 | 159866 | 180259 | 227210 |
| Trading Profit | 113668 | 116448 | 111272 | 129844 | 175370 |
| Depreciation | 7806 | 9649 | 10450 | 10526 | |
| Non-Trading Income | 116 | 211 | 1866 | 13014 | 0 |
| Total Interest Charges | 1464 | 333 | 217 | 1079 | 1295 |
| Pre-tax Profit | 104514 | 106677 | 102471 | 131253 | 161444 |
| Retained Profit (Shareholders Funds) | 114909 | -104335 | 101499 | 84987 | 78752 |
| Fixed Assets | 73916 | 90306 | 92792 | 83416 | 100099 |
| Intangibles | 0 | 0 | 0 | 3729 | 4475 |
| Intermediate Assets | 9755 | 2482 | 73 | 6585 | 7902 |
| Stocks | 70902 | 78404 | 82829 | 86030 | 97308 |
| Debtors | 52573 | 52031 | 69991 | 70395 | 79623 |
| Cash or Equivalent | 248828 | 124305 | 230848 | 363867 | 331533 |
| Total Current Assets | 372303 | 254740 | 383668 | 520292 | 508464 |
| Creditors | 88244 | 88608 | 87803 | 69981 | 91028 |
| Short Term Borrowing | 15388 | 20357 | 42997 | 100156 | 0 |
| Other Current Liabilities | 36749 | 26784 | 26686 | 49569 | 59483 |
| Total Current Liabilities | 140381 | 135749 | 157486 | 219706 | 150511 |
| Net Current Assets | 231922 | 118991 | 226182 | 300586 | 357953 |
| Shareholders Funds | 308543 | 204208 | 305707 | 390694 | 469446 |
| Total Loan Capital | 3276 | 4298 | 3623 | 2803 | 0 |
| Other Capital Employed | 3774 | 3273 | 9717 | 819 | 983 |
| Total Capital Employed | 315593 | 211779 | 319047 | 394316 | 470429 |
| Pretax Profit Margin % | 14.26 | 15.15 | 13.59 | 15.69 | 17.06 |
| Sales Growth % | 51 | -4 | 7 | 11 | 13 |
| Pretax Profit Growth % | 725 | 2 | -4 | 28 | 23.00 |
| Debtor Ratio Days | 26 | 27 | 34 | 31 | 30.6296805874485 |
| Creditor Ratio Days | 44 | 46 | 42 | 30 | 35.0169760461505 |
| Stock Turnover | 10 | 9 | 9 | 10 | 9.7241311170522 |
| Sales £000 / Employee | 786 | 722 | 760 | 894 | 983.144978632479 |
| Value Added £000/Empl. | 183 | 169 | 161 | 193 | 236.072251655839 |
| Av. Remun. £000 / Empl. | 61 | 49 | 49 | 54 | 53.8621794871795 |
| Total Empl. Remu. £000 | 57011 | 48033 | 48594 | 50415 | 51840.1706064271 |
| Employees | 932 | 976 | 992 | 936 | 962.459579244584 |
| Pretax Profit/Total Assets % | 23 | 31 | 22 | 21 | 26 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 10.9% in the latest year, well above the industry average of 1.2%.
- The company lies an excellent 2nd in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- Gross Profit Margin is 19.4% in the latest year, well above the industry average of 13.7%.
- Sales per Employee is £894,000 which is well above the industry average of £284,000.
- The average salary is £54,000 which is well above the industry average of £37,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 10% towards the Total Sales of the company.
- Pretax Profit Margin is 15.7% in the latest year, well above the industry average of 2.0%.
- Formal debt of the company has increased by £56.3m, a rise of 121%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 5 companies listed as a Best Trading Partner (see section 1c).
Company Summary
The company currently has £837m sales and made £131m, by following the proposal plan, sales would rise to £946m and profits would rise to £161m.
Key Attractiveness Features
- ADD £837m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 732687 | 704356 | 754176 | 836567 | 946237 |
| Pre-tax Profit (£000) | 104514 | 106677 | 102471 | 131253 | 161444 |
| Total Value (£000) | 746246 | 764118 | 756020 | 851830 | 1109202 |
| Asset Value (£000) | 207146 | 223223 | 245685 | 250155 | 289407 |
| Goodwill (£000) | 539100 | 540895 | 510335 | 601675 | 819795 |
| Liabilities (£000) | 101397 | -19015 | 60022 | 140539 | 180039 |
| Equity Value (£000) | 847643 | 745103 | 816042 | 992369 | 1289241 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
NOMAD FOODS EUROPE LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
NOMAD FOODS INTERNATIONAL LTD
Acquisition / Valuation Comments
This company has been established 87 years.
The number of shareholders is low (1)
1 director is under 40 years of age.
The total value of the company is currently £851.8m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 26% return on total assets.
The company's value would increase by 30% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 45%.
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