fortune foods uk ltd
fortune foods uk ltd Company Information
Company Number
06830147
Website
www.fortunefoods.co.ukRegistered Address
unit 14a, lower earley district centre, reading, RG6 5GA
Industry
Non-specialised wholesale trade
Other retail sale of food in specialised stores
Telephone
02081233268
Next Accounts Due
March 2025
Group Structure
View All
fortune foods uk ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE FOODS UK LTD at £691.8k based on a Turnover of £2.6m and 0.27x industry multiple (adjusted for size and gross margin).
fortune foods uk ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE FOODS UK LTD at £257.1k based on an EBITDA of £72.3k and a 3.56x industry multiple (adjusted for size and gross margin).
fortune foods uk ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTUNE FOODS UK LTD at £345.2k based on Net Assets of £171k and 2.02x industry multiple (adjusted for liquidity).
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Fortune Foods Uk Ltd Overview
Fortune Foods Uk Ltd is a live company located in reading, RG6 5GA with a Companies House number of 06830147. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in February 2009, it's largest shareholder is minhui ou with a 60% stake. Fortune Foods Uk Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.6m with low growth in recent years.
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Fortune Foods Uk Ltd Health Check
Pomanda's financial health check has awarded Fortune Foods Uk Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
7 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£12.1m)
- Fortune Foods Uk Ltd
£12.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.4%)
- Fortune Foods Uk Ltd
6.4% - Industry AVG
Production
with a gross margin of 31%, this company has a comparable cost of product (31%)
- Fortune Foods Uk Ltd
31% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (3.5%)
- Fortune Foods Uk Ltd
3.5% - Industry AVG
Employees
with 18 employees, this is below the industry average (32)
- Fortune Foods Uk Ltd
32 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Fortune Foods Uk Ltd
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £144.3k, this is less efficient (£239.4k)
- Fortune Foods Uk Ltd
£239.4k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (33 days)
- Fortune Foods Uk Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (35 days)
- Fortune Foods Uk Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 88 days, this is more than average (56 days)
- Fortune Foods Uk Ltd
56 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (16 weeks)
16 weeks - Fortune Foods Uk Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.9%, this is a higher level of debt than the average (64.7%)
79.9% - Fortune Foods Uk Ltd
64.7% - Industry AVG
fortune foods uk ltd Credit Report and Business Information
Fortune Foods Uk Ltd Competitor Analysis
Perform a competitor analysis for fortune foods uk ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fortune foods uk ltd Ownership
FORTUNE FOODS UK LTD group structure
Fortune Foods Uk Ltd has no subsidiary companies.
Ultimate parent company
FORTUNE FOODS UK LTD
06830147
fortune foods uk ltd directors
Fortune Foods Uk Ltd currently has 2 directors. The longest serving directors include Mr Minhui Ou (Feb 2009) and Mr Minhui Ou (Feb 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Minhui Ou | England | 49 years | Feb 2009 | - | Director |
| Mr Minhui Ou | United Kingdom | 49 years | Feb 2009 | - | Director |
FORTUNE FOODS UK LTD financials
Fortune Foods Uk Ltd's latest turnover from June 2023 is estimated at £2.6 million and the company has net assets of £171 thousand. According to their latest financial statements, we estimate that Fortune Foods Uk Ltd has 18 employees and maintains cash reserves of £156.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 524,190 | 282,823 | ||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 534 | 651 | 794 | 968 | 1,180 | 1,439 | 2,195 | 3,117 | 4,241 | 5,172 | 6,844 | 11,980 | 18,700 | 4,545 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,522 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 534 | 651 | 794 | 968 | 1,180 | 1,439 | 2,195 | 3,117 | 4,241 | 5,172 | 6,844 | 11,980 | 18,700 | 15,067 |
| Stock & work in progress | 433,206 | 505,961 | 433,334 | 445,623 | 468,788 | 227,076 | 156,653 | 138,654 | 136,457 | 118,161 | 77,492 | 42,196 | 40,435 | 44,105 |
| Trade Debtors | 233,972 | 167,276 | 209,061 | 229,079 | 338,139 | 212,620 | 118,114 | 159,026 | 135,559 | 183,858 | 62,231 | 74,325 | 90,826 | 51,013 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 25,239 | 54,278 | 35,141 | 39,015 | 0 | 0 | 18,723 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 156,803 | 102,065 | 110,655 | 134,145 | 66,921 | 87,154 | 89,953 | 31,130 | 102,603 | 53,123 | 65,108 | 28,788 | 15,407 | 41,519 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 849,220 | 829,580 | 788,191 | 847,862 | 873,848 | 526,850 | 383,443 | 328,810 | 374,619 | 355,142 | 204,831 | 145,309 | 146,668 | 136,637 |
| total assets | 849,754 | 830,231 | 788,985 | 848,830 | 875,028 | 528,289 | 385,638 | 331,927 | 378,860 | 360,314 | 211,675 | 157,289 | 165,368 | 151,704 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 456,139 | 554,304 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 224,565 | 94,150 | 55,174 | 69,303 | 58,148 |
| Group/Directors Accounts | 33,380 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,972 | 5,515 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 496,491 | 559,819 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 224,565 | 94,150 | 55,174 | 69,303 | 58,148 |
| loans | 182,221 | 144,004 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 5,752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 628,226 | 700,064 | 706,351 | 358,743 | 200,520 | 165,338 | 219,297 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 182,221 | 144,004 | 628,226 | 700,064 | 706,351 | 358,743 | 206,272 | 165,338 | 219,297 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 678,712 | 703,823 | 628,226 | 700,064 | 706,351 | 358,743 | 206,272 | 165,338 | 219,297 | 224,565 | 94,150 | 55,174 | 69,303 | 58,148 |
| net assets | 171,042 | 126,408 | 160,759 | 148,766 | 168,677 | 169,546 | 179,366 | 166,589 | 159,563 | 135,749 | 117,525 | 102,115 | 96,065 | 93,556 |
| total shareholders funds | 171,042 | 126,408 | 160,759 | 148,766 | 168,677 | 169,546 | 179,366 | 166,589 | 159,563 | 135,749 | 117,525 | 102,115 | 96,065 | 93,556 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 1,294 | 1,233 | 1,201 | 461 | 259 | 1,354 | 3,300 | 3,381 | 1,059 | 1,672 | 1,796 | 9,317 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | -72,755 | 72,627 | -12,289 | -23,165 | 241,712 | 70,423 | 17,999 | 2,197 | 18,296 | 40,669 | 35,296 | 1,761 | -3,670 | 44,105 |
| Debtors | 37,657 | -22,648 | -23,892 | -70,045 | 125,519 | 75,783 | -22,189 | 23,467 | -48,299 | 121,627 | -12,094 | -16,501 | 39,813 | 51,013 |
| Creditors | -98,165 | 554,304 | 0 | 0 | 0 | 0 | 0 | 0 | -224,565 | 130,415 | 38,976 | -14,129 | 11,155 | 58,148 |
| Accruals and Deferred Income | 1,457 | 5,515 | 0 | 0 | 0 | -5,752 | 5,752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 33,380 | 0 | 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 | 38,217 | 144,004 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -628,226 | -71,838 | -6,287 | 347,608 | 158,223 | 35,182 | -53,959 | 219,297 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 54,738 | -8,590 | -23,490 | 67,224 | -20,233 | -2,799 | 58,823 | -71,473 | 49,480 | -11,985 | 36,320 | 13,381 | -26,112 | 41,519 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 54,738 | -8,590 | -23,490 | 67,224 | -20,233 | -2,799 | 58,823 | -71,473 | 49,480 | -11,985 | 36,320 | 13,381 | -26,112 | 41,519 |
P&L
June 2023turnover
2.6m
-5%
operating profit
71k
0%
gross margin
31%
+3.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
171k
+0.35%
total assets
849.8k
+0.02%
cash
156.8k
+0.54%
net assets
Total assets minus all liabilities
Similar Companies
fortune foods uk ltd company details
company number
06830147
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
47290 - Other retail sale of food in specialised stores
46390 - Non-specialised wholesale of food, beverages and tobacco
incorporation date
February 2009
age
15
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 14a, lower earley district centre, reading, RG6 5GA
last accounts submitted
June 2023
fortune foods uk 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 fortune foods uk ltd.
fortune foods uk ltd Companies House Filings - See Documents
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