medina quay meats limited
medina quay meats limited Company Information
Company Number
00742962
Website
www.medinafoodservice.co.ukRegistered Address
enterprise house, eureka business park, ashford, kent, TN25 4AG
Industry
Wholesale of fruit and vegetables
Wholesale of dairy products, eggs and edible oils and fats
Telephone
01983539332
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
brake bros limited 100%
medina quay meats limited Estimated Valuation
The estimated valuation range for medina quay meats limited, derived from financial data as of July 2023 and the most recent industry multiples, is between £6.6m to £15.4m
medina quay meats limited Estimated Valuation
The estimated valuation range for medina quay meats limited, derived from financial data as of July 2023 and the most recent industry multiples, is between £6.6m to £15.4m
medina quay meats limited Estimated Valuation
The estimated valuation range for medina quay meats limited, derived from financial data as of July 2023 and the most recent industry multiples, is between £6.6m to £15.4m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Medina Quay Meats Limited AI Business Plan
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Medina Quay Meats Limited Overview
Medina Quay Meats Limited is a live company located in ashford, TN25 4AG with a Companies House number of 00742962. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in December 1962, it's largest shareholder is brake bros limited with a 100% stake. Medina Quay Meats Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.7m with high growth in recent years.
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Medina Quay Meats Limited Health Check
Pomanda's financial health check has awarded Medina Quay Meats 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 £21.7m, make it smaller than the average company (£28.1m)
£21.7m - Medina Quay Meats Limited
£28.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.7%)
25% - Medina Quay Meats Limited
7.7% - Industry AVG
Production
with a gross margin of 12%, this company has a comparable cost of product (12%)
12% - Medina Quay Meats Limited
12% - Industry AVG
Profitability
an operating margin of 8.8% make it more profitable than the average company (2.6%)
8.8% - Medina Quay Meats Limited
2.6% - Industry AVG
Employees
with 114 employees, this is above the industry average (48)
114 - Medina Quay Meats Limited
48 - Industry AVG
Pay Structure
on an average salary of £30.2k, the company has a lower pay structure (£38.3k)
£30.2k - Medina Quay Meats Limited
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £190.6k, this is less efficient (£594.3k)
£190.6k - Medina Quay Meats Limited
£594.3k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (35 days)
26 days - Medina Quay Meats Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (31 days)
25 days - Medina Quay Meats Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is more than average (17 days)
39 days - Medina Quay Meats Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (9 weeks)
18 weeks - Medina Quay Meats Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44%, this is a lower level of debt than the average (61%)
44% - Medina Quay Meats Limited
61% - Industry AVG
medina quay meats limited Credit Report and Business Information
Medina Quay Meats Limited Competitor Analysis
Perform a competitor analysis for medina quay meats limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
medina quay meats limited Ownership
MEDINA QUAY MEATS LIMITED group structure
Medina Quay Meats Limited has no subsidiary companies.
Ultimate parent company
SYSCO CORPORATION
#0054915
2 parents
MEDINA QUAY MEATS LIMITED
00742962
medina quay meats limited directors
Medina Quay Meats Limited currently has 6 directors. The longest serving directors include Mrs Sarah Whibley (Sep 2021) and Mr Tim Jorgensen (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Whibley | United Kingdom | 48 years | Sep 2021 | - | Director |
| Mr Tim Jorgensen | 59 years | Sep 2021 | - | Director | |
| Mrs Sarah Whibley | United Kingdom | 48 years | Sep 2021 | - | Director |
| Mr Peter Jackson | England | 52 years | Mar 2022 | - | Director |
| Mr Peter Jackson | Ireland | 52 years | Mar 2022 | - | Director |
| Ms Stephanie Brooksbank | United Kingdom | 56 years | Dec 2022 | - | Director |
MEDINA QUAY MEATS LIMITED financials
Medina Quay Meats Limited's latest turnover from July 2023 is £21.7 million and the company has net assets of £7.9 million. According to their latest financial statements, Medina Quay Meats Limited has 114 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,723,000 | 26,485,000 | 11,169,137 | 14,387,227 | 14,568,256 | 13,393,035 | 13,001,105 | 11,134,371 | 12,753,280 | 10,470,199 | 8,917,192 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 7,413,284 | 9,471,339 | 9,689,587 | 8,744,746 | 8,257,693 | 7,231,657 | 9,143,427 | 7,200,441 | 6,057,979 | |||||
| Gross Profit | 3,755,853 | 4,915,888 | 4,878,669 | 4,648,289 | 4,743,412 | 3,902,714 | 3,609,853 | 3,269,758 | 2,859,213 | |||||
| Admin Expenses | 2,706,151 | 3,441,928 | 2,923,344 | 2,656,618 | 2,454,388 | 2,268,701 | 2,277,420 | 2,133,051 | 2,040,545 | |||||
| Operating Profit | 1,913,000 | 2,909,000 | 1,049,702 | 1,473,960 | 1,955,325 | 1,991,671 | 2,289,024 | 1,634,013 | 1,332,433 | 1,136,707 | 818,668 | |||
| Interest Payable | 87,000 | 105,000 | 39,759 | 72,273 | 22,982 | 12,156 | 0 | 351 | 5,620 | 124,761 | 19,232 | |||
| Interest Receivable | 0 | 0 | 1,295 | 2,341 | 7,251 | 4,515 | 7,304 | 296 | 398 | 2,388 | 458 | |||
| Pre-Tax Profit | 1,826,000 | 2,804,000 | 1,011,238 | 2,050,104 | 1,386,023 | 2,006,069 | 2,119,028 | 1,633,958 | 1,327,211 | 1,014,334 | 799,894 | |||
| Tax | -409,000 | -549,000 | -193,398 | -268,601 | -259,002 | -383,223 | -454,588 | -321,073 | -286,929 | -687,310 | -111,718 | |||
| Profit After Tax | 1,417,000 | 2,255,000 | 817,840 | 1,781,503 | 1,127,021 | 1,622,846 | 1,664,440 | 1,312,885 | 1,040,282 | 327,024 | 688,176 | |||
| Dividends Paid | 0 | 0 | 817,840 | 220,000 | 0 | 1,580,000 | 2,050,000 | 1,250,000 | 800,000 | 92,408 | 320,000 | |||
| Retained Profit | 1,417,000 | 2,255,000 | 0 | 1,561,503 | 1,127,021 | 42,846 | -385,560 | 62,885 | 240,282 | 234,616 | 368,176 | |||
| Employee Costs | 3,447,000 | 3,431,000 | 1,819,945 | 1,966,690 | 1,767,657 | 1,575,654 | 1,416,136 | 1,256,026 | 1,221,211 | 1,103,856 | 1,018,178 | |||
| Number Of Employees | 114 | 81 | 84 | 91 | 84 | 72 | 65 | 63 | 65 | 54 | 48 | |||
| EBITDA* | 2,410,000 | 3,276,000 | 1,295,448 | 1,721,077 | 2,114,803 | 2,158,179 | 2,452,349 | 1,799,659 | 1,515,189 | 1,340,269 | 1,103,314 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,929,000 | 3,414,000 | 978,338 | 1,000,580 | 652,056 | 658,818 | 653,303 | 664,813 | 735,466 | 820,914 | 913,946 | 1,010,523 | 442,103 | 357,978 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56,000 | 112,000 | 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 | 3,929,000 | 3,414,000 | 978,338 | 1,000,580 | 652,056 | 658,818 | 653,303 | 664,813 | 735,466 | 820,914 | 913,946 | 1,066,523 | 554,103 | 357,978 |
| Stock & work in progress | 2,063,000 | 2,402,000 | 983,674 | 1,005,719 | 1,104,974 | 987,672 | 1,201,961 | 759,196 | 1,157,612 | 1,269,258 | 771,680 | 755,833 | 482,332 | 438,748 |
| Trade Debtors | 1,573,000 | 1,421,000 | 505,908 | 740,913 | 786,167 | 692,612 | 747,567 | 610,175 | 631,731 | 619,578 | 568,162 | 562,806 | 519,151 | 418,195 |
| Group Debtors | 5,250,000 | 3,244,000 | 4,988,917 | 4,223,676 | 3,426,676 | 45,020 | 85,020 | 1,033,987 | 135,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 92,000 | 75,000 | 125,069 | 141,093 | 121,312 | 94,079 | 117,070 | 58,042 | 61,110 | 135,071 | 170,041 | 4,825 | 359,781 | 187,222 |
| Cash | 1,209,000 | 1,243,000 | 198,742 | 124,600 | 553,716 | 382,649 | 141,993 | 144,004 | 359,556 | 98,434 | 220,244 | 146,885 | 60,185 | 188,920 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,187,000 | 8,385,000 | 6,802,310 | 6,236,001 | 5,992,845 | 2,202,032 | 2,293,611 | 2,605,404 | 2,345,009 | 2,122,341 | 1,730,127 | 1,470,349 | 1,421,449 | 1,233,085 |
| total assets | 14,116,000 | 11,799,000 | 7,780,648 | 7,236,581 | 6,644,901 | 2,860,850 | 2,946,914 | 3,270,217 | 3,080,475 | 2,943,255 | 2,644,073 | 2,536,872 | 1,975,552 | 1,591,063 |
| Bank overdraft | 0 | 0 | 0 | 0 | 220,191 | 0 | 0 | 0 | 0 | 93,376 | 108,950 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 176,187 | 205,345 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,343,000 | 1,410,000 | 567,684 | 618,101 | 650,300 | 689,756 | 771,068 | 479,962 | 487,595 | 426,029 | 511,244 | 895,965 | 544,986 | 392,180 |
| Group/Directors Accounts | 1,366,000 | 0 | 28,500 | 103,000 | 43,000 | 48,074 | 75,494 | 246,692 | 36,692 | 7,923 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68,000 | 68,000 | 68,000 | 0 | 0 | 0 |
| hp & lease commitments | 226,000 | 202,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 536,000 | 1,245,000 | 373,482 | 276,051 | 319,231 | 455,651 | 478,534 | 538,163 | 531,565 | 541,181 | 248,071 | 0 | 0 | 0 |
| total current liabilities | 3,471,000 | 2,857,000 | 1,145,853 | 1,202,497 | 1,232,722 | 1,193,481 | 1,325,096 | 1,264,817 | 1,123,852 | 1,136,509 | 936,265 | 895,965 | 544,986 | 392,180 |
| loans | 0 | 4,600,000 | 2,082,918 | 1,854,490 | 2,044,989 | 0 | 0 | 0 | 5,354 | 76,659 | 240,568 | 0 | 0 | 0 |
| hp & lease commitments | 2,536,000 | 2,300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 130,286 | 390,827 | 576,927 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 436,454 | 282,000 | 0 |
| provisions | 199,000 | 298,000 | 172,825 | 171,041 | 87,964 | 92,091 | 89,386 | 87,408 | 96,162 | 115,262 | 87,031 | 192,420 | 59,409 | 34,995 |
| total long term liabilities | 2,735,000 | 2,449,000 | 2,386,029 | 2,416,358 | 2,709,880 | 92,091 | 89,386 | 87,408 | 101,516 | 191,921 | 327,599 | 628,874 | 341,409 | 34,995 |
| total liabilities | 6,206,000 | 5,306,000 | 3,531,882 | 3,618,855 | 3,942,602 | 1,285,572 | 1,414,482 | 1,352,225 | 1,225,368 | 1,328,430 | 1,263,864 | 1,524,839 | 886,395 | 427,175 |
| net assets | 7,910,000 | 6,493,000 | 4,248,766 | 3,617,726 | 2,702,299 | 1,575,278 | 1,532,432 | 1,917,992 | 1,855,107 | 1,614,825 | 1,380,209 | 1,012,033 | 1,089,157 | 1,163,888 |
| total shareholders funds | 7,910,000 | 6,493,000 | 4,248,766 | 3,617,726 | 2,702,299 | 1,575,278 | 1,532,432 | 1,917,992 | 1,855,107 | 1,614,825 | 1,380,209 | 1,012,033 | 1,089,157 | 1,163,888 |
| Jul 2023 | Jul 2022 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,913,000 | 2,909,000 | 1,049,702 | 1,473,960 | 1,955,325 | 1,991,671 | 2,289,024 | 1,634,013 | 1,332,433 | 1,136,707 | 818,668 | |||
| Depreciation | 497,000 | 367,000 | 245,746 | 247,117 | 159,478 | 166,508 | 163,325 | 165,646 | 182,756 | 203,562 | 228,646 | 254,422 | 109,383 | 88,352 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56,000 | 56,000 | 56,000 | 0 |
| Tax | -409,000 | -549,000 | -193,398 | -268,601 | -259,002 | -383,223 | -454,588 | -321,073 | -286,929 | -687,310 | -111,718 | |||
| Stock | -339,000 | 2,402,000 | -22,045 | -99,255 | 117,302 | -214,289 | 442,765 | -398,416 | -111,646 | 497,578 | 15,847 | 273,501 | 43,584 | 438,748 |
| Debtors | 2,175,000 | 4,740,000 | 514,212 | 771,527 | 3,502,444 | -117,946 | -752,547 | 874,363 | 73,192 | 16,446 | 170,572 | -311,301 | 273,515 | 605,417 |
| Creditors | -67,000 | 1,410,000 | -50,417 | -32,199 | -39,456 | -81,312 | 291,106 | -7,633 | 61,566 | -85,215 | -384,721 | 350,979 | 152,806 | 392,180 |
| Accruals and Deferred Income | -709,000 | 1,245,000 | -163,110 | -229,280 | 440,507 | -22,883 | -59,629 | 6,598 | -9,616 | 293,110 | 248,071 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -99,000 | 298,000 | 1,784 | 83,077 | -4,127 | 2,705 | 1,978 | -8,754 | -19,100 | 28,231 | -105,389 | 133,011 | 24,414 | 34,995 |
| Cash flow from operations | -710,000 | -1,462,000 | 398,140 | 601,802 | -1,367,021 | 2,005,701 | 2,540,998 | 992,850 | 1,299,564 | 375,061 | 563,138 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -152,716 | -156,574 | -90,734 | -92,213 | -95,778 | -103,755 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -152,716 | -156,574 | -90,734 | -92,213 | -95,778 | -103,755 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -29,158 | 205,345 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,366,000 | 0 | -74,500 | 60,000 | -5,074 | -27,420 | -171,198 | 210,000 | 28,769 | 7,923 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68,000 | 0 | 0 | 68,000 | 0 | 0 | 0 |
| Long term loans | -4,600,000 | 4,600,000 | 228,428 | -190,499 | 2,044,989 | 0 | 0 | -5,354 | -71,305 | -163,909 | 240,568 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 260,000 | 2,502,000 | 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 | -436,454 | 154,454 | 282,000 | 0 |
| share issue | ||||||||||||||
| interest | -87,000 | -105,000 | -38,464 | -69,932 | -15,731 | -7,641 | 7,304 | -55 | -5,222 | -122,373 | -18,774 | |||
| cash flow from financing | -3,061,000 | 11,235,000 | 717,346 | -641,162 | 2,024,184 | -35,061 | -163,894 | 136,591 | -47,758 | -278,359 | -146,660 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -34,000 | 1,243,000 | 74,142 | -429,116 | 171,067 | 240,656 | -2,011 | -215,552 | 261,122 | -121,810 | 73,359 | 86,700 | -128,735 | 188,920 |
| overdraft | 0 | 0 | 0 | -220,191 | 220,191 | 0 | 0 | 0 | -93,376 | -15,574 | 108,950 | 0 | 0 | 0 |
| change in cash | -34,000 | 1,243,000 | 74,142 | -208,925 | -49,124 | 240,656 | -2,011 | -215,552 | 354,498 | -106,236 | -35,591 | 86,700 | -128,735 | 188,920 |
P&L
July 2023turnover
21.7m
-18%
operating profit
1.9m
-34%
gross margin
12%
-8.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
7.9m
+0.22%
total assets
14.1m
+0.2%
cash
1.2m
-0.03%
net assets
Total assets minus all liabilities
Similar Companies
medina quay meats limited company details
company number
00742962
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
46310 - Wholesale of fruit and vegetables
46330 - Wholesale of dairy products, eggs and edible oils and fats
incorporation date
December 1962
age
62
accounts
Full Accounts
ultimate parent company
previous names
harry s. ross (wholesale) limited (June 1985)
incorporated
UK
address
enterprise house, eureka business park, ashford, kent, TN25 4AG
last accounts submitted
July 2023
medina quay meats 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 8 charges/mortgages relating to medina quay meats limited. Currently there are 0 open charges and 8 have been satisfied in the past.
medina quay meats limited Companies House Filings - See Documents
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