j. marr (seafoods) limited
j. marr (seafoods) limited Company Information
Company Number
00199160
Website
http://jmarrgroup.co.ukRegistered Address
livingstone road, hessle, east yorkshire, HU13 0EE
Industry
Marine fishing
Telephone
01482642302
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
andrew marr international ltd 96.4%
andrew marr international limited 3.5%
View Allj. marr (seafoods) limited Estimated Valuation
Pomanda estimates the enterprise value of J. MARR (SEAFOODS) LIMITED at £592.3m based on a Turnover of £735.7m and 0.81x industry multiple (adjusted for size and gross margin).
j. marr (seafoods) limited Estimated Valuation
Pomanda estimates the enterprise value of J. MARR (SEAFOODS) LIMITED at £27.4m based on an EBITDA of £6.1m and a 4.51x industry multiple (adjusted for size and gross margin).
j. marr (seafoods) limited Estimated Valuation
Pomanda estimates the enterprise value of J. MARR (SEAFOODS) LIMITED at £105.5m based on Net Assets of £53.6m and 1.97x industry multiple (adjusted for liquidity).
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J. Marr (seafoods) Limited Overview
J. Marr (seafoods) Limited is a live company located in east yorkshire, HU13 0EE with a Companies House number of 00199160. It operates in the marine fishing sector, SIC Code 03110. Founded in July 1924, it's largest shareholder is andrew marr international ltd with a 96.4% stake. J. Marr (seafoods) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £735.7m with healthy growth in recent years.
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J. Marr (seafoods) Limited Health Check
Pomanda's financial health check has awarded J. Marr (Seafoods) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £735.7m, make it larger than the average company (£14.5m)
£735.7m - J. Marr (seafoods) Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.8%)
12% - J. Marr (seafoods) Limited
4.8% - Industry AVG
Production
with a gross margin of 2.3%, this company has a higher cost of product (22.1%)
2.3% - J. Marr (seafoods) Limited
22.1% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (6.7%)
0.8% - J. Marr (seafoods) Limited
6.7% - Industry AVG
Employees
with 43 employees, this is above the industry average (22)
43 - J. Marr (seafoods) Limited
22 - Industry AVG
Pay Structure
on an average salary of £113.1k, the company has a higher pay structure (£42.9k)
£113.1k - J. Marr (seafoods) Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £17.1m, this is more efficient (£288.7k)
£17.1m - J. Marr (seafoods) Limited
£288.7k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (37 days)
36 days - J. Marr (seafoods) Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (24 days)
15 days - J. Marr (seafoods) Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - J. Marr (seafoods) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is average cash available to meet short term requirements (19 weeks)
19 weeks - J. Marr (seafoods) Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.7%, this is a similar level of debt than the average (48.5%)
45.7% - J. Marr (seafoods) Limited
48.5% - Industry AVG
J. MARR (SEAFOODS) LIMITED financials
J. Marr (Seafoods) Limited's latest turnover from March 2023 is £735.7 million and the company has net assets of £53.6 million. According to their latest financial statements, J. Marr (Seafoods) Limited has 43 employees and maintains cash reserves of £16.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 735,696,000 | 571,585,000 | 483,506,000 | 524,890,000 | 481,324,000 | 370,755,000 | 350,321,000 | 353,762,000 | 358,362,000 | 358,683,000 | 388,883,000 | 406,764,000 | 339,574,000 | 240,192,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 718,985,000 | 555,268,000 | 466,047,000 | 511,573,000 | 467,075,000 | 358,189,000 | 338,064,000 | 343,136,000 | 346,773,000 | 347,087,000 | 377,178,000 | 395,216,000 | 330,410,000 | 231,366,000 |
| Gross Profit | 16,711,000 | 16,317,000 | 17,459,000 | 13,317,000 | 14,249,000 | 12,566,000 | 12,257,000 | 10,626,000 | 11,589,000 | 11,596,000 | 11,705,000 | 11,548,000 | 9,164,000 | 8,826,000 |
| Admin Expenses | 10,632,000 | 13,229,000 | 14,053,000 | 9,938,000 | 12,577,000 | 6,218,000 | 5,807,000 | 4,354,000 | 5,206,000 | 5,345,000 | 5,604,000 | 5,489,000 | 3,542,000 | 3,466,000 |
| Operating Profit | 6,079,000 | 3,088,000 | 3,406,000 | 3,379,000 | 1,672,000 | 6,348,000 | 6,450,000 | 6,272,000 | 6,383,000 | 6,251,000 | 6,101,000 | 6,059,000 | 5,622,000 | 5,360,000 |
| Interest Payable | 814,000 | 611,000 | 574,000 | 1,446,000 | 954,000 | 505,000 | 173,000 | 145,000 | 40,000 | 72,000 | 131,000 | 300,000 | 303,000 | 413,000 |
| Interest Receivable | 194,000 | 41,000 | 354,000 | 1,115,000 | 1,377,000 | 1,286,000 | 431,000 | 312,000 | 375,000 | 225,000 | 367,000 | 387,000 | 481,000 | 483,000 |
| Pre-Tax Profit | 5,459,000 | 2,518,000 | 3,186,000 | 3,048,000 | 2,095,000 | 7,129,000 | 6,708,000 | 6,439,000 | 6,718,000 | 6,404,000 | 6,337,000 | 6,146,000 | 5,800,000 | 5,430,000 |
| Tax | -963,000 | -656,000 | -638,000 | -849,000 | -1,488,000 | -1,364,000 | -1,360,000 | -1,271,000 | -1,355,000 | -1,566,000 | -1,623,000 | -1,620,000 | -1,620,000 | -799,000 |
| Profit After Tax | 4,496,000 | 1,862,000 | 2,548,000 | 2,199,000 | 607,000 | 5,765,000 | 5,348,000 | 5,168,000 | 5,363,000 | 4,838,000 | 4,714,000 | 4,526,000 | 4,180,000 | 4,631,000 |
| Dividends Paid | 606,000 | 515,000 | 838,000 | 276,000 | 610,000 | 623,000 | 532,000 | 3,339,000 | 1,298,000 | 620,000 | 1,029,000 | 2,425,000 | 880,000 | 2,408,000 |
| Retained Profit | 3,890,000 | 1,347,000 | 1,710,000 | 1,923,000 | -3,000 | 5,142,000 | 4,816,000 | 1,829,000 | 4,065,000 | 4,218,000 | 3,685,000 | 2,101,000 | 3,300,000 | 2,223,000 |
| Employee Costs | 4,865,000 | 4,400,000 | 4,271,000 | 3,956,000 | 3,793,000 | 3,622,000 | 3,434,000 | 3,347,000 | 3,136,000 | 3,042,000 | 2,858,000 | 2,407,000 | 2,087,000 | 1,981,000 |
| Number Of Employees | 43 | 43 | 43 | 53 | 51 | 47 | 43 | 40 | 40 | 41 | 39 | 37 | 32 | 29 |
| EBITDA* | 6,079,000 | 3,100,000 | 3,416,000 | 3,391,000 | 1,678,000 | 6,348,000 | 6,464,000 | 6,295,000 | 6,410,000 | 6,279,000 | 6,129,000 | 6,077,000 | 5,637,000 | 5,405,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 12,000 | 22,000 | 12,000 | 2,000 | 2,000 | 16,000 | 39,000 | 66,000 | 80,000 | 53,000 | 26,000 | 32,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,180,000 | 5,930,000 | 2,736,000 | 4,049,000 | 6,174,000 | 7,732,000 | 7,341,000 |
| Total Fixed Assets | 11,000 | 11,000 | 23,000 | 33,000 | 23,000 | 13,000 | 13,000 | 2,207,000 | 5,980,000 | 2,813,000 | 4,140,000 | 6,238,000 | 7,769,000 | 7,384,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 74,034,000 | 58,733,000 | 62,101,000 | 70,254,000 | 46,897,000 | 27,871,000 | 17,664,000 | 22,315,000 | 20,383,000 | 21,755,000 | 33,237,000 | 34,441,000 | 27,651,000 | 14,559,000 |
| Group Debtors | 4,971,000 | 947,000 | 0 | 0 | 4,105,000 | 0 | 0 | 0 | 0 | 0 | 2,909,000 | 5,196,000 | 5,025,000 | 5,804,000 |
| Misc Debtors | 2,719,000 | 6,572,000 | 14,437,000 | 35,511,000 | 38,622,000 | 26,223,000 | 24,570,000 | 4,901,000 | 4,951,000 | 2,686,000 | 3,411,000 | 5,013,000 | 2,745,000 | 2,599,000 |
| Cash | 16,894,000 | 31,085,000 | 16,272,000 | 0 | 0 | 14,248,000 | 26,004,000 | 27,038,000 | 19,522,000 | 34,339,000 | 16,453,000 | 6,518,000 | 738,000 | 2,167,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 98,618,000 | 97,337,000 | 92,810,000 | 105,765,000 | 89,624,000 | 68,342,000 | 68,238,000 | 54,254,000 | 44,856,000 | 58,780,000 | 56,010,000 | 51,168,000 | 36,159,000 | 25,129,000 |
| total assets | 98,629,000 | 97,348,000 | 92,833,000 | 105,798,000 | 89,647,000 | 68,355,000 | 68,251,000 | 56,461,000 | 50,836,000 | 61,593,000 | 60,150,000 | 57,406,000 | 43,928,000 | 32,513,000 |
| Bank overdraft | 0 | 0 | 0 | 11,270,000 | 2,333,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 361,000 | 480,000 | 783,000 |
| Trade Creditors | 30,937,000 | 39,053,000 | 34,993,000 | 28,556,000 | 31,773,000 | 16,665,000 | 14,719,000 | 13,736,000 | 12,703,000 | 13,690,000 | 16,249,000 | 20,068,000 | 12,134,000 | 5,300,000 |
| Group/Directors Accounts | 11,351,000 | 5,527,000 | 3,471,000 | 12,806,000 | 6,956,000 | 4,553,000 | 11,487,000 | 5,207,000 | 3,394,000 | 17,022,000 | 15,477,000 | 12,301,000 | 7,287,000 | 4,228,000 |
| other short term finances | 406,000 | 0 | 0 | 0 | 0 | 0 | 155,000 | 550,000 | 145,000 | 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 | 2,385,000 | 2,655,000 | 4,061,000 | 6,100,000 | 3,371,000 | 2,013,000 | 2,079,000 | 1,931,000 | 1,525,000 | 1,644,000 | 2,878,000 | 1,815,000 | 1,889,000 | 1,610,000 |
| total current liabilities | 45,079,000 | 47,235,000 | 42,525,000 | 58,732,000 | 44,433,000 | 23,231,000 | 28,440,000 | 21,424,000 | 17,767,000 | 32,356,000 | 34,604,000 | 34,545,000 | 21,790,000 | 11,921,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 527,000 | 1,527,000 | 2,905,000 | 4,659,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 527,000 | 1,527,000 | 2,905,000 | 4,659,000 |
| total liabilities | 45,079,000 | 47,235,000 | 42,525,000 | 58,732,000 | 44,433,000 | 23,231,000 | 28,440,000 | 21,424,000 | 17,767,000 | 32,356,000 | 35,131,000 | 36,072,000 | 24,695,000 | 16,580,000 |
| net assets | 53,550,000 | 50,113,000 | 50,308,000 | 47,066,000 | 45,214,000 | 45,124,000 | 39,811,000 | 35,037,000 | 33,069,000 | 29,237,000 | 25,019,000 | 21,334,000 | 19,233,000 | 15,933,000 |
| total shareholders funds | 53,550,000 | 50,113,000 | 50,308,000 | 47,066,000 | 45,214,000 | 45,124,000 | 39,811,000 | 35,037,000 | 33,069,000 | 29,237,000 | 25,019,000 | 21,334,000 | 19,233,000 | 15,933,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 6,079,000 | 3,088,000 | 3,406,000 | 3,379,000 | 1,672,000 | 6,348,000 | 6,450,000 | 6,272,000 | 6,383,000 | 6,251,000 | 6,101,000 | 6,059,000 | 5,622,000 | 5,360,000 |
| Depreciation | 0 | 12,000 | 10,000 | 12,000 | 6,000 | 0 | 14,000 | 23,000 | 27,000 | 28,000 | 28,000 | 18,000 | 15,000 | 45,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -963,000 | -656,000 | -638,000 | -849,000 | -1,488,000 | -1,364,000 | -1,360,000 | -1,271,000 | -1,355,000 | -1,566,000 | -1,623,000 | -1,620,000 | -1,620,000 | -799,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 15,472,000 | -10,286,000 | -29,227,000 | 16,141,000 | 35,530,000 | 11,860,000 | 12,838,000 | -1,868,000 | 4,087,000 | -16,429,000 | -7,218,000 | 7,671,000 | 12,850,000 | 30,303,000 |
| Creditors | -8,116,000 | 4,060,000 | 6,437,000 | -3,217,000 | 15,108,000 | 1,946,000 | 983,000 | 1,033,000 | -987,000 | -2,559,000 | -3,819,000 | 7,934,000 | 6,834,000 | 5,300,000 |
| Accruals and Deferred Income | -270,000 | -1,406,000 | -2,039,000 | 2,729,000 | 1,358,000 | -66,000 | 148,000 | 406,000 | -119,000 | -1,234,000 | 1,063,000 | -74,000 | 279,000 | 1,610,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -18,742,000 | 15,384,000 | 36,403,000 | -14,087,000 | -18,874,000 | -4,996,000 | -6,603,000 | 8,331,000 | -138,000 | 17,349,000 | 8,968,000 | 4,646,000 | -1,720,000 | -18,787,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -361,000 | -119,000 | -303,000 | 783,000 |
| Group/Directors Accounts | 5,824,000 | 2,056,000 | -9,335,000 | 5,850,000 | 2,403,000 | -6,934,000 | 6,280,000 | 1,813,000 | -13,628,000 | 1,545,000 | 3,176,000 | 5,014,000 | 3,059,000 | 4,228,000 |
| Other Short Term Loans | 406,000 | 0 | 0 | 0 | 0 | -155,000 | -395,000 | 405,000 | 145,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -527,000 | -1,000,000 | -1,378,000 | -1,754,000 | 4,659,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -620,000 | -570,000 | -220,000 | -331,000 | 423,000 | 781,000 | 258,000 | 167,000 | 335,000 | 153,000 | 236,000 | 87,000 | 178,000 | 70,000 |
| cash flow from financing | 5,157,000 | -56,000 | -8,023,000 | 5,448,000 | 2,919,000 | -6,137,000 | 6,101,000 | 2,524,000 | -13,381,000 | 1,171,000 | 2,051,000 | 3,604,000 | 1,180,000 | 23,450,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -14,191,000 | 14,813,000 | 16,272,000 | 0 | -14,248,000 | -11,756,000 | -1,034,000 | 7,516,000 | -14,817,000 | 17,886,000 | 9,935,000 | 5,780,000 | -1,429,000 | 2,167,000 |
| overdraft | 0 | 0 | -11,270,000 | 8,937,000 | 2,333,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -14,191,000 | 14,813,000 | 27,542,000 | -8,937,000 | -16,581,000 | -11,756,000 | -1,034,000 | 7,516,000 | -14,817,000 | 17,886,000 | 9,935,000 | 5,780,000 | -1,429,000 | 2,167,000 |
j. marr (seafoods) limited Credit Report and Business Information
J. Marr (seafoods) Limited Competitor Analysis
Perform a competitor analysis for j. marr (seafoods) limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mega companies, companies in HU13 area or any other competitors across 12 key performance metrics.
j. marr (seafoods) limited Ownership
J. MARR (SEAFOODS) LIMITED group structure
J. Marr (Seafoods) Limited has 9 subsidiary companies.
Ultimate parent company
1 parent
J. MARR (SEAFOODS) LIMITED
00199160
9 subsidiaries
j. marr (seafoods) limited directors
J. Marr (Seafoods) Limited currently has 5 directors. The longest serving directors include Mr Roger Johnson (Nov 1991) and Mr Michael Moore (Oct 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roger Johnson | England | 77 years | Nov 1991 | - | Director |
| Mr Michael Moore | 52 years | Oct 2004 | - | Director | |
| Mr Spencer Morris | 48 years | Dec 2007 | - | Director | |
| Mr Alexander Marr | 54 years | Jul 2008 | - | Director | |
| Mr Paul Farrar | Scotland | 49 years | Aug 2020 | - | Director |
P&L
March 2023turnover
735.7m
+29%
operating profit
6.1m
+97%
gross margin
2.3%
-20.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
53.6m
+0.07%
total assets
98.6m
+0.01%
cash
16.9m
-0.46%
net assets
Total assets minus all liabilities
j. marr (seafoods) limited company details
company number
00199160
Type
Private limited with Share Capital
industry
03110 - Marine fishing
incorporation date
July 1924
age
100
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
cevic steam fishing company limited (December 1979)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
livingstone road, hessle, east yorkshire, HU13 0EE
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
j. marr (seafoods) limited 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 found 4 charges/mortgages relating to j. marr (seafoods) limited. Currently there are 2 open charges and 2 have been satisfied in the past.
j. marr (seafoods) limited Companies House Filings - See Documents
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