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Feedco Ltd

09431562

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

8 CORNER LAWN, TAUNTON, TA2 8LZ
Incorporated 10/02/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

10910
Manufacture of prepared feeds for farm animals
46210
Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

Officers

Mr Martyn John Pyne

director · Since 17/02/2015

DIRECTOR

BRITISH · ENGLAND · Age 66

Mr Wilhelmus Jacobus Maria Smit

director · Since 17/04/2015

DIRECTOR

DUTCH · UNITED KINGDOM · Age 56

Also on 1 other board

Mr Louis Roberts

director · Since 01/04/2023

SALES PERSON

BRITISH · ENGLAND · Age 25

Persons with Significant Control

Forfarmers Uk Limited

25–50% votes

Horizon House, Fred Castle Way, Rougham Industrial Estate, Bury St. Edmunds, IP30 9ND

Reg: 00062904 · Companies House - England And Wales · Private Limited Company

Notified 12/07/2024

Mr Louis Roberts

25–50% votes

British · England · Age 25

8, Corner Lawn, Taunton, TA2 8LZ

Notified 12/07/2024

Former PSCs

Mr Kevin John Roberts

Ceased 05/02/2021

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/12/2017Registered 18/12/2017
Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 28/07/2015Registered 31/07/2015
Charge
satisfied

NWF AGRICULTURE LIMITED (01117234)

Created 31/03/2015Registered 08/04/2015Satisfied 06/08/2015

CompanyRankvs 55+ SIC 10910 peers
52

Financial strength78th percentile among SIC peers · 20/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.14× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength20/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 30/04/2023

Net Worth

£1.2M

Balance sheet strength

Cash

£662k

Cash in the bank

Profit Before Tax

£586k

Bottom line earnings

Net Current Assets

£1.1M

Working capital

Current Assets

£8.7M

Current Liabilities

£7.7M

Fixed Assets

£220k

Debtors

£7.5M

Profit After Tax

£454k

35avg. employees+4

Tax at Year End

Corp tax£148k
Dividends paid-£62k

Director Loans(2021)

Company owes directors£128k
Directors owe company£7k

People Costs

Wages & salaries£1.4M
NI contributions£169k

Balance Sheet

Intangible assets£11k
Bank loans & overdrafts£1.8M
Assets less current liabilities£1.3M
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20231.14+£883k
20211.03-£211k
20191.05

Derived from filed accounts. Not audited figures.