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Supplier of meat & dairy products

Reference
S11443
Turnover
£25m to £50m
Sector(s)
Food & drink, Service industries
Region(s)
South East England, South West England, Outside UK
Added
12 March 2024

Business description

Project Altamira partners with local farmers to supply high-quality meat and dairy products.

The company’s produce includes beef, pork, chicken, lamb, duck and turkey cuts. This is complemented by sales of pies, cheese, eggs, burgers, sauces, smoked meats and selection hampers.
The business is a member of the Q Guild, the Association of Independent Meat Suppliers (AIMS), and the National Federation of Meat Traders (NFMT).
Our clients are now offering the company for sale as they believe the time is right for a new owner to take the business to the next level.
Offers invited.

Highlights

  • Works with commercial customers throughout Southern England and UK
    overseas territories, including hotels, restaurants, pubs, and travel and leisure businesses. 
  • Benefits from a steady stream of income from sales to private individuals via the e-commerce website and shops. 
  • Operates with a large, diverse team of proficient individuals, including second-tier management personnel who can operate effectively with minimal input. 
  • All premises are ideally situated close to major transport links, providing easy access for customers and distribution vehicles.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 24,736 1,348
2021 (Actual) 21,796 483
2022 (Actual) 30,033 758
2023 (Actual) 33,204 940
2024 (Forecast) 34,865 993
  • Consolidated YE23 turnover of £33.2m.
  • Turnover is projected to increase to £36.6m by YE25. 
  • Adjusted EBITDA has risen by 94% between YE21 and YE23, and is forecast to increase by a further 14% by YE25. 
  • Shareholder funds demonstrating year-on-year uplift, growing by 26% from YE21 to YE23. 
  • Asset register comprising processing equipment, tools, refrigeration kits and delivery vehicles holds a net book value of £2.9m.

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