W.Jordan (Cereals) Limited
Credit Worthiness Registered Office Trading Address & Tel Reg No & Incorp DateHolme Mills Holme Mills Reg No: 01545794
High credit score numbers denote
more credit worthiness. Please Biggleswade Biggleswade Bedfordshire Incorp Date: 16/02/1981
exercise caution when using this type Bedfordshire SG18 9JY Previous Name:
of information. SG18 9JY 01767 - 318222
01767 - 318222County Court Judgments In Last Six
Years: Directors & Co Secretary Shareholders
TOT NO = Peter Baker Charles Edward Stuart Olphin W. Jordan & Son (Silo) Limited 3,092,782 Ord £1
TOT GBP = £0 Karl Frestle Kevin Smithson W J Jordan 1 Ord £1
Robert Alan Hitchings John Walter Sutcliffe R D Jordan 1 Ord £1
Suggested Credit Limit: £554,800 William John Jordan William Ross Warburton
Richard David Jordan Brett Weimann
Company Credit Score=95 Industry Average Credit Score=53 Business DescriptionManufacture Of Cereal Products.
Credit Control Parent & Subsidiaries Reg No Assets Turnover
Ultimate Parent:W. Jordan & Son (Silo) Limited 00572391 £ 40,070,000 £ 81,492,000
Parent:
Organic & Natural Food Company Ltd 04232249 £ 43,776
year end 28/02/07 28/02/06 28/02/05 29/02/04 28/02/03
consolidated No No No No No
number of months 12 12 12 12 12
number of employees 335 343 361 396 420
Credit Given (Days) Credit Taken (Days) Balance Land & Buildings 5,480,000 5,757,000 5,011,000 5,074,000 5,205,000
Sheet Fixtures & Fittings 828,000 537,000 527,000 530,000 539,000
Debt Ratio & Current Ratio Plant & Vehicles 7,268,000 8,477,000 8,042,000 8,366,000 7,904,000Other Tangible Assets
Total Tangible Assets 13,576,000 14,771,000 13,580,000 13,970,000 13,648,000
Intangible Assets
Investments 5,000 5,000 20,000 20,000 5,000
Total Fixed Assets 13,582,000 14,776,000 13,600,000 13,990,000 13,654,000
Stock 5,691,000 5,795,000 6,520,000 4,255,000 4,457,000
Debtors 9,918,000 9,234,000 8,737,000 8,645,000 8,183,000
Cash & Liquid Assets 3,742,000 472,000 4,000 269,000 61,000
Other Current Assets 3,144,000 2,365,000 2,431,000 2,815,000 3,973,000
Total Current Assets 22,495,000 17,866,000 17,692,000 15,984,000 16,674,000
Trade Creditors 5,548,000 4,868,000 3,956,000 3,804,000 4,129,000
Company Debt Ratio Industry Average Debt Ratio Bank Loans & Overdrafts 1,021,000 473,000 1,664,000
Company Current Ratio Industry Average Current Ratio Other Current Liabilities 7,835,000 6,351,000 7,491,000 5,560,000 5,418,000
Total Current Liabilities 13,383,000 11,219,000 12,468,000 9,837,000 11,211,000
Turnover Growth (% of 2005) Working Capital 9,112,000 6,647,000 5,224,000 6,147,000 5,463,000Net Assets 22,694,000 21,423,000 18,824,000 20,137,000 19,117,000
Group Loans
Other Long Term Loans 4,414,000 6,914,000 5,340,000 3,694,000 4,047,000
Long Term Loans 4,414,000 6,914,000 5,340,000 3,694,000 4,047,000
Other Long Term Liabilities 384,000 572,000 223,000 215,000
Issued Capital 3,093,000 3,000,000 3,000,000 3,000,000 3,000,000
Retained Earnings 13,954,000 10,938,000 10,485,000 13,221,000 11,854,000
Revaluation Reserve
Other Reserves 849,000
Shareholder Funds 17,896,000 13,938,000 13,485,000 16,221,000 14,854,000
Capital Employed 22,694,000 21,423,000 18,824,000 20,137,000 19,117,000
Company Turnover Industry Average Turnover Profit Turnover 70,516,000 66,484,000 62,880,000 59,572,000 59,416,000
& Loss Cost Of Goods Sold 49,468,000 50,046,000 45,735,000 43,168,000 42,621,000
Turnover Analysis (Estimate in £M's) Statement Gross Profit 21,048,000 16,438,000 17,145,000 16,404,000 16,795,000
Administrative Expenses 15,827,000 14,402,000 13,621,000 13,702,000 12,724,000
Operating Profit 5,221,000 2,036,000 3,524,000 2,703,000 4,071,000
Exceptional Items
Non-trading Income 64,000
Profit Before Interest & Tax 5,286,000 2,037,000 3,524,000 2,702,000 4,071,000
Net Interest 451,000 586,000 514,000 346,000 412,000
Pre-tax Profit 4,835,000 1,451,000 3,010,000 2,356,000 3,659,000
Tax Paid 1,514,000 953,000 746,000 689,000 1,191,000
Profit After Tax 3,321,000 498,000 2,264,000 1,667,000 2,468,000
Extraordinary Items
Company Turnover Turnover Analysis Using Debtors Minority Interests
Turnover Analysis Using Stock Turnover Analysis Using Fixed Assets Dividends 45,000 5,000,000 300,000 370,000
Retained Profit 3,321,000 452,000 -2,736,000 1,367,000 2,098,000
Sales Per Employee (£000's) Notes to Exports 15,338,000 14,886,000 14,285,000 14,948,000 14,756,000Accounts Director Remuneration 1,022,000 690,000 625,000 717,000 690,000
Highest Paid Director 315,000 164,000 143,000 171,000 165,000
Employee Remuneration 12,255,000 10,609,000 10,230,000 10,812,000 10,686,000
Audit Fee 39,000 30,000 30,000 27,000 26,000
Flow of Profit Generated 4,835,000 1,451,000 3,010,000 2,356,000
Funds Depreciation 2,440,000 2,540,000 2,373,000 2,456,000
Statement Change In Debtors -684,000 -497,000 -92,000 -462,000
Change In Creditors 680,000 912,000 152,000 -325,000
Change In Stock 104,000 725,000 -2,265,000 202,000
Operating Cash Flow 7,375,000 5,131,000 3,178,000 4,227,000
Company Sales/Employee Industry Average Sales/Employee Ratio Gross Profit Margin (%) 29.85 / 20.95 24.72 / 29.61 27.27 / 29.38 27.54 / 29.37 28.27 / 29.06
Analysis Operating Profit Margin (%) 7.40 / 3.06 3.06 / 5.63 5.60 / 3.79 4.54 / 5.93 6.85 / 6.67
(Co / Ind PBIT Margin (%) 7.50 / 3.49 3.06 / 6.71 5.60 / 4.51 4.54 / 6.64 6.85 / 7.31Profit Margins (%)
Ave) Return On Total Assets (%) 14.65 / 8.58 6.24 / 10.34 11.26 / -3.00 9.01 / 11.74 13.42 / 11.82
Return On Equity (%) 18.56 / 15.84 3.57 / 13.78 16.79 / -10.49 10.28 / 13.91 16.62 / 18.18
Current Ratio 1.68 / 1.40 1.59 / 1.44 1.42 / 1.65 1.62 / 1.62 1.49 / 1.14
Quick Ratio 1.26 / 1.11 1.08 / 1.16 0.90 / 1.47 1.19 / 1.36 1.09 / 0.88
Debt Ratio 0.50 / 0.60 0.57 / 0.50 0.57 / 0.54 0.46 / 0.48 0.51 / 0.59
Times Interest Earned 11.72 / 14.14 3.48 / 15.79 6.86 / 18.36 7.81 / 26.25 9.88 / 16.60
Credit Given (Days) 51 / 20 51 / 30 51 / 35 53 / 30 50 / 33
Credit Taken (Days) 41 / 43 36 / 34 32 / 37 32 / 25 35 / 29
Fixed Asset Turnover 5.19 / 0.22 4.50 / 0.36 4.62 / 0.41 4.26 / 0.58 4.35 / 0.52
Stock Turnover 12.39 / 10.64 11.47 / 11.15 9.64 / 13.19 14.00 / 12.77 13.33 / 9.59
Debtor Turnover 7.11 / 18.40 7.20 / 11.96 7.20 / 10.06 6.89 / 12.09 7.26 / 11.18
Company Operating Margin Industry Average Operating Margin Sales Per Employee (£000's) 210 / 297 194 / 339 174 / 346 150 / 390 141 / 428
Company Gross Margin Industry Average Gross Margin Average Wage (£000's) 37 / 20 31 / 36 28 / 37 27 / 36 25 / 34
Growth In Sales (%) 6.06 5.73 5.55 0.26
Growth In Employees (%) -2.33 -4.99 -8.84 -5.71
44 | Chapter Four Company Accounts
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