Martin & Sons (march) Limited

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martin & sons (march) limited Company Information

Live

MatureSmallDeclining

Company Number

00484055

Website

Registered Address

needham hall, friday bridge, wisbech, cambridgeshire, PE14 0LB

Industry

Growing of cereals (except rice), leguminous crops and oil seeds

Telephone

01945860356

Next Accounts Due

March 2025

Group Structure

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Directors

Michael Martin32 Years

James Martin32 Years

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Shareholders

michael frederick martin 63%

michael frederick martin & alida ann martin & james frederick martin & jennifer martin 23%

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martin & sons (march) limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of MARTIN & SONS (MARCH) LIMITED at £4m based on Net Assets of £2.7m and 1.45x industry multiple (adjusted for liquidity).

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Martin & Sons (march) Limited is a live company located in wisbech, PE14 0LB with a Companies House number of 00484055. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in July 1950, it's largest shareholder is michael frederick martin with a 63% stake. Martin & Sons (march) Limited is a mature, small sized company, Pomanda has estimated its turnover at £919.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Martin & Sons (March) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £919.4k, make it smaller than the average company (£6.1m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (7%)

EXPORT

Martin & Sons (March) Limited's latest turnover from June 2023 is estimated at £919.4 thousand and the company has net assets of £2.7 million. According to their latest financial statements, Martin & Sons (March) Limited has 10 employees and maintains cash reserves of £562 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	919,408	986,895	725,327	1,073,045	584,526	936,905	676,174	586,855	879,675	888,386	922,169	1,036,793	1,163,363	1,290,846
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	627,906	683,893	533,242	785,126	403,014	659,435	465,806	410,924	600,840	599,482	618,142	650,477	735,235	822,952
Gross Profit	291,502	303,001	192,085	287,918	181,512	277,469	210,368	175,930	278,835	288,904	304,027	386,316	428,128	467,894
Admin Expenses	121,821	268,871	-119,764	6,147	59,815	283,957	248,239	14,822	281,684	156,351	331,861	277,751	315,145	-2,114,406
Operating Profit	169,681	34,130	311,849	281,771	121,697	-6,488	-37,871	161,108	-2,849	132,553	-27,834	108,565	112,983	2,582,300
Interest Payable	120,077	82,827	73,064	76,338	43,245	163	0	163	325	325	325	325	325	163
Interest Receivable	25,579	7,100	510	372	2,839	1,911	1,185	2,133	1,687	1,387	1,074	1,180	1,027	439
Pre-Tax Profit	75,184	-41,596	239,294	205,805	81,290	-4,740	-36,686	163,079	-1,487	133,615	-27,085	109,420	113,685	2,582,576
Tax	-18,796	0	-45,466	-39,103	-15,445	0	0	-32,616	0	-28,059	0	-26,261	-29,558	-723,121
Profit After Tax	56,388	-41,596	193,828	166,702	65,845	-4,740	-36,686	130,463	-1,487	105,556	-27,085	83,159	84,127	1,859,455
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	56,388	-41,596	193,828	166,702	65,845	-4,740	-36,686	130,463	-1,487	105,556	-27,085	83,159	84,127	1,859,455
Employee Costs	362,222	307,584	316,846	242,164	223,574	210,662	233,740	143,886	176,712	169,341	203,955	234,051	248,601	298,501
Number Of Employees	10	9	9	8	7	7	8	5	6	6	7	8	9	11
EBITDA*	336,156	188,577	448,131	380,727	227,228	109,215	81,051	270,304	105,079	242,259	99,123	216,008	214,826	2,671,880

* 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	3,365,255	3,464,466	3,320,764	3,271,217	3,140,627	1,832,225	1,851,549	1,828,289	1,811,938	1,761,643	1,835,701	1,864,237	1,781,550	1,713,244
Intangible Assets	0	0	996	4,979	8,962	0	0	0	0	0	0	0	0	0
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	3,365,255	3,464,466	3,321,760	3,276,196	3,149,589	1,832,225	1,851,549	1,828,289	1,811,938	1,761,643	1,835,701	1,864,237	1,781,550	1,713,244
Stock & work in progress	409,014	442,685	333,632	428,879	418,452	339,576	310,255	295,117	291,960	329,615	323,112	313,520	286,460	291,949
Trade Debtors	5,810	55,586	28,570	130,487	1,548	136,706	68,001	64,933	94,590	61,287	76,455	118,730	178,552	172,896
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	67,807	88,999	41,554	48,982	50,196	48,483	44,562	46,997	0	0	0	0	0	0
Cash	561,972	461,200	674,861	344,225	400,002	356,968	407,360	540,453	312,843	361,834	192,926	236,641	235,311	175,430
misc current assets	58,803	18,803	18,803	18,803	0	18,803	18,803	18,803	18,803	18,801	18,801	18,801	12,551	12,551
total current assets	1,103,406	1,067,273	1,097,420	971,376	889,001	900,536	848,981	966,303	718,196	771,537	611,294	687,692	712,874	652,826
total assets	4,468,661	4,531,739	4,419,180	4,247,572	4,038,590	2,732,761	2,700,530	2,794,592	2,530,134	2,533,180	2,446,995	2,551,929	2,494,424	2,366,070
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	596,580	49,203	53,890	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	166,145	175,568	68,226	112,261	105,020	118,680	67,877	69,525	191,876	258,351	248,680	310,529	356,024	351,589
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	52,541	49,338	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	28,658	24,428	39,821	46,261	31,542	0	0	0	0	0	0
other current liabilities	293,002	279,420	250,335	155,144	173,176	136,359	136,768	166,656	0	0	0	0	0	0
total current liabilities	1,055,727	504,191	372,451	348,604	351,962	294,860	250,906	267,723	191,876	258,351	248,680	310,529	356,024	351,589
loans	470,766	1,066,661	1,115,120	1,174,004	1,226,996	5,000	0	0	5,000	5,000	5,000	5,000	5,000	5,000
hp & lease commitments	0	0	0	103,414	32,541	57,384	65,469	99,398	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	90,810	164,551	105,038	0	0	0	5,000	5,000	47,002	0	20,054	36,882	35,550	11,876
provisions	110,429	111,795	100,434	89,241	61,484	75,755	74,653	81,283	75,531	57,617	66,605	65,777	47,268	31,150
total long term liabilities	672,005	1,343,007	1,320,592	1,366,659	1,321,021	138,139	145,122	185,681	127,533	62,617	91,659	107,659	87,818	48,026
total liabilities	1,727,732	1,847,198	1,693,043	1,715,263	1,672,983	432,999	396,028	453,404	319,409	320,968	340,339	418,188	443,842	399,615
net assets	2,740,929	2,684,541	2,726,137	2,532,309	2,365,607	2,299,762	2,304,502	2,341,188	2,210,725	2,212,212	2,106,656	2,133,741	2,050,582	1,966,455
total shareholders funds	2,740,929	2,684,541	2,726,137	2,532,309	2,365,607	2,299,762	2,304,502	2,341,188	2,210,725	2,212,212	2,106,656	2,133,741	2,050,582	1,966,455

	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	169,681	34,130	311,849	281,771	121,697	-6,488	-37,871	161,108	-2,849	132,553	-27,834	108,565	112,983	2,582,300
Depreciation	166,475	153,451	132,299	94,973	102,543	115,703	118,922	109,196	107,928	109,706	126,957	107,443	101,843	89,580
Amortisation	0	996	3,983	3,983	2,988	0	0	0	0	0	0	0	0	0
Tax	-18,796	0	-45,466	-39,103	-15,445	0	0	-32,616	0	-28,059	0	-26,261	-29,558	-723,121
Stock	-33,671	109,053	-95,247	10,427	78,876	29,321	15,138	3,157	-37,655	6,503	9,592	27,060	-5,489	291,949
Debtors	-70,968	74,461	-109,345	127,725	-133,445	72,626	633	17,340	33,303	-15,168	-42,275	-59,822	5,656	172,896
Creditors	-9,423	107,342	-44,035	7,241	-13,660	50,803	-1,648	-122,351	-66,475	9,671	-61,849	-45,495	4,435	351,589
Accruals and Deferred Income	13,582	29,085	95,191	-18,032	36,817	-409	-29,888	166,656	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,366	11,361	11,193	27,757	-14,271	1,102	-6,630	5,752	17,914	-8,988	828	18,509	16,118	31,150
Cash flow from operations	424,792	152,851	669,606	220,438	275,238	58,764	27,114	267,248	60,870	223,548	70,785	195,523	205,654	1,866,653
Investing Activities
capital expenditure	-67,264	-297,153	-181,846	-225,563	-1,422,895	-96,379	-142,182	-125,547	-158,223	-35,648	-98,421	-190,130	-170,149	-1,802,824
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-67,264	-297,153	-181,846	-225,563	-1,422,895	-96,379	-142,182	-125,547	-158,223	-35,648	-98,421	-190,130	-170,149	-1,802,824
Financing Activities
Bank loans	547,377	-4,687	53,890	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	-52,541	3,203	49,338	0	0	0	0	0	0	0	0	0
Long term loans	-595,895	-48,459	-58,884	-52,992	1,221,996	5,000	0	-5,000	0	0	0	0	0	5,000
Hire Purchase and Lease Commitments	0	0	-132,072	75,103	-40,236	-14,525	-19,210	130,940	0	0	0	0	0	0
other long term liabilities	-73,741	59,513	105,038	0	0	-5,000	0	-42,002	47,002	-20,054	-16,828	1,332	23,674	11,876
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	107,000
interest	-94,498	-75,727	-72,554	-75,966	-40,406	1,748	1,185	1,970	1,362	1,062	749	855	702	276
cash flow from financing	-216,757	-69,360	-157,123	-50,652	1,190,692	-12,777	-18,025	85,908	48,364	-18,992	-16,079	2,187	24,376	124,152
cash and cash equivalents
cash	100,772	-213,661	330,636	-55,777	43,034	-50,392	-133,093	227,610	-48,991	168,908	-43,715	1,330	59,881	175,430
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	100,772	-213,661	330,636	-55,777	43,034	-50,392	-133,093	227,610	-48,991	168,908	-43,715	1,330	59,881	175,430

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARTIN & SONS (MARCH) LIMITED group structure

Martin & Sons (March) Limited has no subsidiary companies.

Ultimate parent company

MARTIN & SONS (MARCH) LIMITED

00484055

MARTIN & SONS (MARCH) LIMITED Shareholders

michael frederick martin	62.97%
michael frederick martin & alida ann martin & james frederick martin & jennifer martin	22.97%
alida ann martin	11.27%
james frederick martin	2.69%
jennifer martin	0.1%

Martin & Sons (March) Limited currently has 4 directors. The longest serving directors include Mr Michael Martin (Mar 1992) and Mr James Martin (Mar 1992).

officer	age	start	end	role
Mr Michael Martin	91 years	Mar 1992	-	Director
Mr James Martin	63 years	Mar 1992	-	Director
Ms Jennifer Martin	61 years	Jan 2007	-	Director
Ms Alida Martin	85 years	Feb 2014	-	Director

P&L

June 2023

turnover

919.4k

-7%

operating profit

169.7k

gross margin

31.8%

+3.27%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

2.7m

+0.02%

total assets

4.5m

-0.01%

cash

562k

+0.22%

net assets

Total assets minus all liabilities

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company number

00484055

Type

Private limited with Share Capital

industry

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

incorporation date

July 1950

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

needham hall, friday bridge, wisbech, cambridgeshire, PE14 0LB

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 martin & sons (march) limited. Currently there are 3 open charges and 1 have been satisfied in the past.

martin & sons (march) limited Company Information

martin & sons (march) limited Estimated Valuation

martin & sons (march) limited Estimated Valuation

martin & sons (march) limited Estimated Valuation

Martin & Sons (march) Limited Overview

Martin & Sons (march) Limited Health Check

MARTIN & SONS (MARCH) LIMITED financials

martin & sons (march) limited Credit Report and Business Information

Martin & Sons (march) Limited Competitor Analysis

martin & sons (march) limited Ownership

martin & sons (march) limited directors

martin & sons (march) limited company details

martin & sons (march) limited Charges & Mortgages

martin & sons (march) limited Companies House Filings - See Documents