may & raeburn limited Company Information
Company Number
00533239
Website
www.mayandraeburn.co.ukRegistered Address
98 high street, ingatestone, essex, CM4 0BA
Industry
Non-specialised wholesale of food, beverages and tobacco
Telephone
01277353838
Next Accounts Due
December 2024
Group Structure
View All
Directors
Anthony Raeburn32 Years
Shareholders
anthony paul goodwyn raeburn 51.1%
annette bridget raeburn 44.3%
View Allmay & raeburn limited Estimated Valuation
Pomanda estimates the enterprise value of MAY & RAEBURN LIMITED at £8.6m based on a Turnover of £17.8m and 0.48x industry multiple (adjusted for size and gross margin).
may & raeburn limited Estimated Valuation
Pomanda estimates the enterprise value of MAY & RAEBURN LIMITED at £14.7m based on an EBITDA of £2.2m and a 6.58x industry multiple (adjusted for size and gross margin).
may & raeburn limited Estimated Valuation
Pomanda estimates the enterprise value of MAY & RAEBURN LIMITED at £19.9m based on Net Assets of £9.2m and 2.16x industry multiple (adjusted for liquidity).
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May & Raeburn Limited Overview
May & Raeburn Limited is a live company located in essex, CM4 0BA with a Companies House number of 00533239. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in May 1954, it's largest shareholder is anthony paul goodwyn raeburn with a 51.1% stake. May & Raeburn Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.8m with healthy growth in recent years.
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May & Raeburn Limited Health Check
Pomanda's financial health check has awarded May & Raeburn Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £17.8m, make it smaller than the average company (£27.9m)
£17.8m - May & Raeburn Limited
£27.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.4%)
11% - May & Raeburn Limited
5.4% - Industry AVG
Production
with a gross margin of 31.9%, this company has a lower cost of product (19.8%)
31.9% - May & Raeburn Limited
19.8% - Industry AVG
Profitability
an operating margin of 10.8% make it more profitable than the average company (3.1%)
10.8% - May & Raeburn Limited
3.1% - Industry AVG
Employees
with 147 employees, this is above the industry average (75)
147 - May & Raeburn Limited
75 - Industry AVG
Pay Structure
on an average salary of £28.8k, the company has an equivalent pay structure (£35.3k)
£28.8k - May & Raeburn Limited
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £121.2k, this is less efficient (£375.3k)
£121.2k - May & Raeburn Limited
£375.3k - Industry AVG
Debtor Days
it gets paid by customers after 90 days, this is later than average (37 days)
90 days - May & Raeburn Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (38 days)
61 days - May & Raeburn Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 182 days, this is more than average (38 days)
182 days - May & Raeburn Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (8 weeks)
14 weeks - May & Raeburn Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.2%, this is a lower level of debt than the average (58.1%)
38.2% - May & Raeburn Limited
58.1% - Industry AVG
MAY & RAEBURN LIMITED financials
May & Raeburn Limited's latest turnover from March 2023 is £17.8 million and the company has net assets of £9.2 million. According to their latest financial statements, May & Raeburn Limited has 147 employees and maintains cash reserves of £1.4 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 | 17,822,307 | 13,590,613 | 11,240,725 | 13,091,606 | 13,089,250 | 11,860,789 | 11,339,069 | 10,524,199 | 3,284,326 | 11,006,277 | 10,446,526 | 8,962,604 | 8,963,528 | 5,687,230 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 12,140,012 | 9,348,697 | 8,423,882 | 9,089,460 | 9,457,588 | 8,786,083 | 7,902,251 | 6,747,647 | 1,399,056 | 7,782,997 | 7,555,934 | 6,783,299 | 6,655,459 | 3,587,162 |
Gross Profit | 5,682,295 | 4,241,916 | 2,816,843 | 4,002,146 | 3,631,662 | 3,074,706 | 3,436,818 | 3,776,552 | 1,885,270 | 3,223,280 | 2,890,592 | 2,179,305 | 2,308,069 | 2,100,068 |
Admin Expenses | 3,755,723 | 3,014,643 | 2,441,089 | 3,422,470 | 3,338,840 | 2,629,621 | 2,628,247 | 2,343,971 | 870,011 | 2,077,560 | 2,045,009 | 1,924,222 | 1,973,431 | 1,296,888 |
Operating Profit | 1,926,572 | 1,227,273 | 375,754 | 579,676 | 292,822 | 445,085 | 808,571 | 1,432,581 | 1,015,259 | 1,145,720 | 845,583 | 255,083 | 334,638 | 803,180 |
Interest Payable | 14,810 | 12,000 | 11,164 | 6,561 | 2,470 | 0 | 0 | 0 | 236 | 35,275 | 42,020 | 35,657 | 38,485 | 16,725 |
Interest Receivable | 5,479 | 12,553 | 3,581 | 4,147 | 5,045 | 64,609 | 57,959 | 62,327 | 52,287 | 8,614 | 15,616 | 1,492 | 1,734 | 2,152 |
Pre-Tax Profit | 1,917,241 | 1,227,826 | 368,171 | 577,262 | 295,397 | 509,694 | 866,530 | 1,494,637 | 1,067,310 | 1,119,059 | 819,179 | 220,918 | 297,887 | 820,047 |
Tax | -397,347 | -173,287 | -102,906 | -110,019 | -52,486 | -93,170 | -179,239 | -249,871 | -230,799 | -268,291 | -184,193 | -54,661 | -66,910 | -211,563 |
Profit After Tax | 1,519,894 | 1,054,539 | 265,265 | 467,243 | 242,911 | 416,524 | 687,291 | 1,244,766 | 836,511 | 850,768 | 634,986 | 166,257 | 230,977 | 608,484 |
Dividends Paid | 92,691 | 257,203 | 81,399 | 125,485 | 89,152 | 103,293 | 80,615 | 481,500 | 116,140 | 105,000 | 105,000 | 0 | 153,000 | 150,000 |
Retained Profit | 1,306,395 | 694,855 | 275,769 | 306,025 | 153,759 | 313,142 | 629,549 | 763,266 | 720,371 | 715,256 | 518,345 | 164,978 | 42,873 | 490,468 |
Employee Costs | 4,228,670 | 3,843,155 | 3,871,632 | 4,119,821 | 4,295,915 | 3,166,759 | 3,346,838 | 2,980,213 | 2,838,745 | 2,791,853 | 2,399,151 | 2,483,913 | 1,267,452 | |
Number Of Employees | 147 | 145 | 142 | 167 | 139 | 139 | 131 | 129 | 125 | 135 | 58 | |||
EBITDA* | 2,231,864 | 1,421,802 | 578,342 | 803,163 | 469,586 | 590,864 | 946,310 | 1,487,556 | 1,091,039 | 1,343,231 | 1,011,590 | 356,477 | 439,012 | 840,582 |
* 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 | 1,154,540 | 798,200 | 680,336 | 845,844 | 988,839 | 709,958 | 570,675 | 575,758 | 236,762 | 737,843 | 634,860 | 478,172 | 499,645 | 215,233 |
Intangible Assets | 39,046 | 45,460 | 51,874 | 58,288 | 64,702 | 71,116 | 77,530 | 83,944 | 865 | 96,772 | 103,186 | 109,600 | 116,014 | 122,428 |
Investments & Other | 0 | 0 | 70,313 | 0 | 0 | 0 | 0 | 0 | 90 | 0 | 0 | 0 | 0 | 31,984 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 1,265,636 | 1,254,397 | 1,194,664 | 1,137,775 | 1,083,595 | 1,254,397 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,193,586 | 843,660 | 802,523 | 904,132 | 2,319,177 | 2,035,471 | 1,842,869 | 1,797,477 | 1,321,312 | 2,089,012 | 738,046 | 587,772 | 615,659 | 369,645 |
Stock & work in progress | 6,060,497 | 5,691,413 | 3,680,901 | 1,201,669 | 981,203 | 1,232,521 | 934,255 | 769,128 | 169,420 | 960,490 | 894,497 | 696,099 | 449,568 | 508,871 |
Trade Debtors | 4,418,264 | 2,595,100 | 2,427,196 | 2,433,664 | 2,414,769 | 2,229,829 | 1,783,757 | 1,356,627 | 846,533 | 1,758,296 | 1,859,375 | 1,719,351 | 2,096,964 | 1,952,486 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 672,728 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,990,830 | 3,354,584 | 4,003,282 | 3,950,883 | 3,119,847 | 2,453,427 | 1,389,682 | 1,220,207 | 209,589 | 652,352 | 306,120 | 269,665 | 388,652 | 356,650 |
Cash | 1,428,882 | 1,526,649 | 1,071,121 | 1,073,968 | 1,137,752 | 1,367,312 | 2,765,684 | 3,021,564 | 2,116,612 | 1,381,648 | 2,627,004 | 2,005,296 | 1,639,236 | 2,142,043 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 13,898,473 | 13,167,746 | 11,182,500 | 8,660,184 | 7,653,571 | 7,283,089 | 6,873,378 | 6,367,526 | 4,014,882 | 4,752,786 | 5,686,996 | 4,690,411 | 4,574,420 | 4,960,050 |
total assets | 15,092,059 | 14,011,406 | 11,985,023 | 9,564,316 | 9,972,748 | 9,318,560 | 8,716,247 | 8,165,003 | 5,336,194 | 6,841,798 | 6,425,042 | 5,278,183 | 5,190,079 | 5,329,695 |
Bank overdraft | 145,879 | 50,000 | 0 | 40,168 | 121 | 11,991 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 2,038,132 | 2,273,443 | 1,063,667 | 1,212,272 | 1,372,154 | 1,330,108 | 1,064,947 | 794,257 | 365,651 | 1,118,223 | 1,305,942 | 2,399,944 | 921,781 | 858,411 |
Group/Directors Accounts | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 51,992 | 69,139 | 69,139 | 69,139 | 54,679 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 2,886,713 | 3,412,400 | 3,178,833 | 1,029,450 | 1,707,202 | 1,465,010 | 1,451,305 | 1,778,401 | 888,096 | 1,516,841 | 1,685,877 | 0 | 1,570,679 | 1,775,829 |
total current liabilities | 5,122,717 | 5,804,982 | 4,393,306 | 2,351,029 | 3,134,156 | 2,807,109 | 2,516,252 | 2,572,658 | 1,253,747 | 2,635,064 | 2,991,819 | 2,399,944 | 2,492,460 | 2,634,240 |
loans | 419,639 | 158,333 | 208,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 45,467 | 108,081 | 170,695 | 188,147 | 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 | 214,680 | 94,804 | 94,507 | 105,976 | 55,587 | 70,352 | 72,153 | 71,179 | 21,511 | 82,452 | 54,709 | 29,711 | 15,348 | 135,577 |
total long term liabilities | 634,319 | 298,604 | 410,921 | 276,671 | 243,734 | 70,352 | 72,153 | 71,179 | 21,511 | 82,452 | 54,709 | 29,711 | 15,348 | 135,577 |
total liabilities | 5,757,036 | 6,103,586 | 4,804,227 | 2,627,700 | 3,377,890 | 2,877,461 | 2,588,405 | 2,643,837 | 1,275,258 | 2,717,516 | 3,046,528 | 2,429,655 | 2,507,808 | 2,769,817 |
net assets | 9,205,047 | 7,888,652 | 7,180,796 | 6,905,026 | 6,523,535 | 6,320,397 | 6,007,052 | 5,437,538 | 4,060,936 | 4,077,730 | 3,362,474 | 2,844,129 | 2,679,151 | 2,559,878 |
total shareholders funds | 9,205,047 | 7,888,652 | 7,180,796 | 6,905,026 | 6,523,535 | 6,320,397 | 6,007,052 | 5,437,538 | 4,060,936 | 4,077,730 | 3,362,474 | 2,844,129 | 2,679,151 | 2,559,878 |
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 | 1,926,572 | 1,227,273 | 375,754 | 579,676 | 292,822 | 445,085 | 808,571 | 1,432,581 | 1,015,259 | 1,145,720 | 845,583 | 255,083 | 334,638 | 803,180 |
Depreciation | 298,878 | 188,115 | 196,174 | 223,465 | 170,350 | 139,365 | 131,325 | 48,561 | 75,758 | 191,097 | 159,593 | 94,980 | 97,960 | 30,988 |
Amortisation | 6,414 | 6,414 | 6,414 | 22 | 6,414 | 6,414 | 6,414 | 6,414 | 22 | 6,414 | 6,414 | 6,414 | 6,414 | 6,414 |
Tax | -397,347 | -173,287 | -102,906 | -110,019 | -52,486 | -93,170 | -179,239 | -249,871 | -230,799 | -268,291 | -184,193 | -54,661 | -66,910 | -211,563 |
Stock | 369,084 | 2,010,512 | 2,479,232 | 220,466 | -251,318 | 298,266 | 165,127 | 599,708 | -791,070 | 65,993 | 198,398 | 246,531 | -59,303 | 508,871 |
Debtors | 459,410 | -480,794 | 45,931 | -415,705 | 862,599 | 1,569,550 | 653,494 | 902,164 | -852,600 | 1,499,550 | 176,479 | -496,600 | 176,480 | 2,309,136 |
Creditors | -235,311 | 1,209,776 | -148,605 | -159,882 | 42,046 | 265,161 | 270,690 | 428,606 | -752,572 | -187,719 | -1,094,002 | 1,478,163 | 63,370 | 858,411 |
Accruals and Deferred Income | -525,687 | 233,567 | 2,149,383 | -677,752 | 242,192 | 13,705 | -327,096 | 890,305 | -628,745 | -169,036 | 1,685,877 | -1,570,679 | -205,150 | 1,775,829 |
Deferred Taxes & Provisions | 119,876 | 297 | -11,469 | 50,389 | -14,765 | -1,801 | 974 | 49,668 | -60,941 | 27,743 | 24,998 | 14,363 | -120,229 | 135,577 |
Cash flow from operations | 364,901 | 1,162,437 | -60,418 | 101,138 | 75,292 | -1,093,057 | -106,982 | 1,104,392 | 1,061,652 | -819,615 | 1,069,393 | 473,732 | -7,084 | 580,829 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | -524,840 | -199,018 | 31,156 | -69,012 | -291,881 | -327,282 | -67,261 | -309,471 | -117,582 |
Change in Investments | 0 | -70,313 | 70,313 | 0 | 0 | 0 | 0 | -90 | 90 | 0 | 0 | 0 | -31,984 | 31,984 |
cash flow from investments | 0 | 70,313 | -70,313 | 0 | 0 | -524,840 | -199,018 | 31,246 | -69,102 | -291,881 | -327,282 | -67,261 | -277,487 | -149,566 |
Financing Activities | ||||||||||||||
Bank loans | 0 | -41,667 | 41,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | -40,000 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 261,306 | -50,000 | 208,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -62,614 | -62,614 | -62,614 | -2,992 | 242,826 | 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 | -9,331 | 553 | -7,583 | -2,414 | 2,575 | 64,609 | 57,959 | 62,327 | 52,051 | -26,661 | -26,404 | -34,165 | -36,751 | -14,573 |
cash flow from financing | 199,362 | -180,727 | 219,804 | 70,060 | 294,780 | 64,812 | -2,076 | 675,663 | -685,114 | -26,661 | -26,404 | -34,165 | 39,649 | 2,054,837 |
cash and cash equivalents | ||||||||||||||
cash | -97,767 | 455,528 | -2,847 | -63,784 | -229,560 | -1,398,372 | -255,880 | 904,952 | 734,964 | -1,245,356 | 621,708 | 366,060 | -502,807 | 2,142,043 |
overdraft | 95,879 | 50,000 | -40,168 | 40,047 | -11,870 | 11,991 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -193,646 | 405,528 | 37,321 | -103,831 | -217,690 | -1,410,363 | -255,880 | 904,952 | 734,964 | -1,245,356 | 621,708 | 366,060 | -502,807 | 2,142,043 |
may & raeburn limited Credit Report and Business Information
May & Raeburn Limited Competitor Analysis
Perform a competitor analysis for may & raeburn limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in CM4 area or any other competitors across 12 key performance metrics.
may & raeburn limited Ownership
MAY & RAEBURN LIMITED group structure
May & Raeburn Limited has 3 subsidiary companies.
Ultimate parent company
MAY & RAEBURN LIMITED
00533239
3 subsidiaries
may & raeburn limited directors
May & Raeburn Limited currently has 1 director, Mr Anthony Raeburn serving since Oct 1991.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Anthony Raeburn | England | 65 years | Oct 1991 | - | Director |
P&L
March 2023turnover
17.8m
+31%
operating profit
1.9m
+57%
gross margin
31.9%
+2.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
9.2m
+0.17%
total assets
15.1m
+0.08%
cash
1.4m
-0.06%
net assets
Total assets minus all liabilities
may & raeburn limited company details
company number
00533239
Type
Private limited with Share Capital
industry
46390 - Non-specialised wholesale of food, beverages and tobacco
incorporation date
May 1954
age
70
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
TAYLOR VINEY & MARLOW LIMITED
address
98 high street, ingatestone, essex, CM4 0BA
Bank
-
Legal Advisor
-
may & raeburn 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 3 charges/mortgages relating to may & raeburn limited. Currently there are 3 open charges and 0 have been satisfied in the past.
may & raeburn limited Companies House Filings - See Documents
date | description | view/download |
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