minor,weir and willis limited

minor,weir and willis limited Company Information

Share MINOR,WEIR AND WILLIS LIMITED
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Company Number

00776793

Industry

Wholesale of fruit and vegetables

 

Directors

Sant Mehta

Parveen Mehta

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Shareholders

fvt limited

Group Structure

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Contact

Registered Address

altitude 206 deykin avenue, witton, birmingham, west midland, B6 7BH

minor,weir and willis limited Estimated Valuation

£107.2m

Pomanda estimates the enterprise value of MINOR,WEIR AND WILLIS LIMITED at £107.2m based on a Turnover of £205.2m and 0.52x industry multiple (adjusted for size and gross margin).

minor,weir and willis limited Estimated Valuation

£34.6m

Pomanda estimates the enterprise value of MINOR,WEIR AND WILLIS LIMITED at £34.6m based on an EBITDA of £4.8m and a 7.18x industry multiple (adjusted for size and gross margin).

minor,weir and willis limited Estimated Valuation

£64.2m

Pomanda estimates the enterprise value of MINOR,WEIR AND WILLIS LIMITED at £64.2m based on Net Assets of £33m and 1.94x industry multiple (adjusted for liquidity).

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Minor,weir And Willis Limited Overview

Minor,weir And Willis Limited is a live company located in birmingham, B6 7BH with a Companies House number of 00776793. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in October 1963, it's largest shareholder is fvt limited with a 100% stake. Minor,weir And Willis Limited is a mature, mega sized company, Pomanda has estimated its turnover at £205.2m with healthy growth in recent years.

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Minor,weir And Willis Limited Health Check

Pomanda's financial health check has awarded Minor,Weir And Willis Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £205.2m, make it larger than the average company (£23.7m)

£205.2m - Minor,weir And Willis Limited

£23.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.9%)

6% - Minor,weir And Willis Limited

5.9% - Industry AVG

production

Production

with a gross margin of 11.2%, this company has a comparable cost of product (12.3%)

11.2% - Minor,weir And Willis Limited

12.3% - Industry AVG

profitability

Profitability

an operating margin of 1.5% make it less profitable than the average company (2.5%)

1.5% - Minor,weir And Willis Limited

2.5% - Industry AVG

employees

Employees

with 462 employees, this is above the industry average (53)

462 - Minor,weir And Willis Limited

53 - Industry AVG

paystructure

Pay Structure

on an average salary of £34k, the company has an equivalent pay structure (£37k)

£34k - Minor,weir And Willis Limited

£37k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £444.2k, this is equally as efficient (£427.4k)

£444.2k - Minor,weir And Willis Limited

£427.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is later than average (34 days)

51 days - Minor,weir And Willis Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is quicker than average (34 days)

27 days - Minor,weir And Willis Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is in line with average (8 days)

9 days - Minor,weir And Willis Limited

8 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)

2 weeks - Minor,weir And Willis Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.7%, this is a lower level of debt than the average (58.8%)

44.7% - Minor,weir And Willis Limited

58.8% - Industry AVG

MINOR,WEIR AND WILLIS LIMITED financials

EXPORTms excel logo

Minor,Weir And Willis Limited's latest turnover from December 2023 is £205.2 million and the company has net assets of £33 million. According to their latest financial statements, Minor,Weir And Willis Limited has 462 employees and maintains cash reserves of £981 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Jan 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover205,219,000177,678,000187,129,000173,996,946150,969,785157,211,726159,040,756148,968,530160,429,485150,021,357137,378,503123,571,210108,103,90899,685,37597,080,202
Other Income Or Grants000000000000000
Cost Of Sales182,181,000158,339,000169,528,000156,299,818135,607,464141,306,200144,659,613135,863,835146,574,929136,767,389124,343,050113,087,85198,537,77390,675,68287,416,494
Gross Profit23,038,00019,339,00017,601,00017,697,12815,362,32115,905,52614,381,14313,104,69513,854,55613,253,96813,035,45310,483,3599,566,1359,009,6939,663,708
Admin Expenses19,871,00016,518,00013,923,00014,805,00513,070,16413,042,06412,185,68611,636,42211,413,12210,813,74010,269,8578,338,8377,580,6867,068,2977,621,656
Operating Profit3,167,0002,821,0003,678,0002,892,1232,292,1572,863,4622,195,4571,468,2732,441,4342,440,2282,765,5962,144,5221,985,4491,941,3962,042,052
Interest Payable00007,2157162595901,92462614,68847,17427,05426,05219,746
Interest Receivable57,00020,00032,00037,69337,63927,43654,93320,67616,49623,8805,9315,1121,2517311,015
Pre-Tax Profit3,778,0003,074,0004,702,0003,660,3122,809,6723,540,3803,005,6292,090,7263,007,2103,120,7423,108,0072,155,8482,108,7242,021,6923,383,141
Tax-1,028,000-363,000-1,035,000-770,292-504,829-593,462-493,290-391,015-927,065-918,631-768,994-507,038-574,401-634,144-649,033
Profit After Tax2,750,0002,711,0003,667,0002,890,0202,304,8432,946,9182,512,3391,699,7112,080,1452,202,1112,339,0131,648,8101,534,3231,387,5482,734,108
Dividends Paid0000190,064124,000226,000137,906227,5303,000,0001,700,0000000
Retained Profit2,842,0002,711,0003,667,0002,890,0202,026,0022,572,5691,987,9791,266,7201,741,399-947,528557,5341,590,3441,449,7761,371,9342,672,828
Employee Costs15,704,00012,872,00013,266,00011,957,86310,995,7109,985,9308,997,4507,263,3396,812,5166,200,0785,353,7815,343,2914,915,5894,999,0695,186,631
Number Of Employees462423458403380371356273208207210207208202218
EBITDA*4,816,0004,314,0005,033,0004,559,8653,540,5974,041,2663,361,4832,550,5453,224,1832,822,2693,298,6602,573,5502,439,6282,317,4592,425,917

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Jan 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,431,0007,749,0007,708,0007,788,6227,903,4737,819,2248,103,2718,345,8438,782,4694,674,283901,3661,290,8091,240,4031,156,1601,363,067
Intangible Assets00000017,23193,320169,409245,498321,587397,676473,765549,854625,943
Investments & Other1,840,0001,505,0001,215,0001,370,99179,513657,889625,000602,367551,204657,260351,16853,388435,009285,931180,314
Debtors (Due After 1 year)000000000000000
Total Fixed Assets9,271,0009,254,0008,923,0009,159,6137,982,9868,477,1138,745,5029,041,5309,503,0825,577,0411,574,1211,741,8732,149,1771,991,9452,169,324
Stock & work in progress4,578,0004,654,0004,700,0004,640,6803,659,0303,175,0593,227,9253,081,4832,774,1192,382,3431,894,3071,391,5872,044,6191,561,3691,452,228
Trade Debtors28,871,00022,898,00023,107,00022,034,15716,553,09616,905,28616,324,06917,312,37419,029,29321,361,60315,933,44911,783,42812,445,96210,635,0549,332,343
Group Debtors8,141,0003,884,0002,011,0001,739,5961,066,785903,7951,685,4911,084,61249,149681,0002,574,4613,313,806297,4321,309,9352,803,738
Misc Debtors7,769,0004,483,0006,834,0005,649,5404,729,2165,257,8656,275,0086,399,7864,334,5874,114,1832,391,2861,700,1922,400,0191,521,467864,439
Cash981,0005,995,00011,736,0009,483,9004,446,6076,290,4844,767,240957,556634,8841,264,2673,399,6213,821,8202,995,6784,179,9355,683,680
misc current assets92,00000000000000000
total current assets50,432,00041,914,00048,388,00043,547,87330,454,73432,719,80832,279,73328,835,81126,822,03229,803,39626,193,12422,010,83320,183,71019,207,76020,136,428
total assets59,703,00051,168,00057,311,00052,707,48638,437,72041,196,92141,025,23537,877,34136,325,11435,380,43727,767,24523,752,70622,332,88721,199,70522,305,752
Bank overdraft4,979,000236,000664,000744,969004,210,3521,193,8690000197,390615,470262,457
Bank loan000000000000000
Trade Creditors 13,962,00011,480,00013,599,00010,123,1668,749,2188,590,8828,096,8609,458,4948,484,76311,649,83110,903,0596,821,7207,474,1985,460,7457,200,349
Group/Directors Accounts1,295,0003,832,0009,333,00011,683,6962,501,5055,433,1263,593,8105,205,6827,670,8287,914,8720125,176149,8561,986,0673,025,385
other short term finances00000000000580,000000
hp & lease commitments000000000000000
other current liabilities5,191,0004,215,0005,110,0005,462,2562,718,3074,733,8625,648,1804,795,9674,463,4481,975,0272,732,4062,703,8102,040,2422,200,5442,248,230
total current liabilities25,427,00019,763,00028,706,00028,014,08713,969,03018,945,18921,549,20220,654,01220,619,03921,539,73013,635,46510,230,7069,861,68610,262,82612,736,421
loans000000000000580,000580,000580,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions1,235,0001,206,0001,117,000689,583673,242571,063618,282651,917696,468683,71500000
total long term liabilities1,235,0001,206,0001,117,000689,583673,242571,063618,282651,917696,468683,71500580,000580,000580,000
total liabilities26,662,00020,969,00029,823,00028,703,67014,642,27219,516,25222,167,48421,305,92921,315,50722,223,44513,635,46510,230,70610,441,68610,842,82613,316,421
net assets33,041,00030,199,00027,488,00024,003,81623,370,71021,154,64418,458,07516,244,09614,839,47012,870,54113,818,06913,260,53511,670,19110,220,4168,848,482
total shareholders funds33,041,00030,199,00027,488,00024,003,81623,370,71021,154,64418,458,07516,244,09614,839,47012,870,54113,818,06913,260,53511,670,19110,220,4168,848,482
Dec 2023Dec 2022Jan 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,167,0002,821,0003,678,0002,892,1232,292,1572,863,4622,195,4571,468,2732,441,4342,440,2282,765,5962,144,5221,985,4491,941,3962,042,052
Depreciation1,649,0001,493,0001,355,0001,667,7421,248,4401,160,5731,089,9371,006,183706,660305,952456,975429,028454,179376,063383,865
Amortisation0000017,23176,08976,08976,08976,08976,0890000
Tax-1,028,000-363,000-1,035,000-770,292-504,829-593,462-493,290-391,015-927,065-918,631-768,994-507,038-574,401-634,144-649,033
Stock-76,0004,654,0004,700,000981,650483,971-52,866146,442307,364391,776488,036502,720-653,032483,250109,1411,452,228
Debtors13,516,00031,265,00031,952,0007,074,196-717,849-1,217,622-512,2041,383,743-2,743,7575,257,5904,101,7701,654,0131,676,957465,93613,000,520
Creditors2,482,00011,480,00013,599,0001,373,948158,336494,022-1,361,634973,731-3,165,068746,7724,081,339-652,4782,013,453-1,739,6047,200,349
Accruals and Deferred Income976,0004,215,0005,110,0002,743,949-2,015,555-914,318852,213332,5192,488,421-757,37928,596663,568-160,302-47,6862,248,230
Deferred Taxes & Provisions29,0001,206,0001,117,00016,341102,179-47,219-33,635-44,55112,753683,71500000
Cash flow from operations-6,165,000-15,067,000-12,828,000-132,0351,514,6064,250,7772,690,8991,730,1223,985,205-3,168,8802,035,1111,076,6211,558,171-679,052-3,227,285
Investing Activities
capital expenditure00000-247,615-102,308-20,851-4,151,346-3,703,053-63,084-509,548-530,5352,528,571-421,179
Change in Investments335,0001,505,0001,215,0001,291,478-578,37632,88922,63351,163-106,056306,092297,780-381,621149,078105,617180,314
cash flow from investments-335,000-1,505,000-1,215,000-1,291,478578,376-280,504-124,941-72,014-4,045,290-4,009,145-360,864-127,927-679,6132,422,954-601,493
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-2,537,0003,832,0009,333,0009,182,191-2,931,6211,839,316-1,611,872-2,465,146-244,0447,914,872-125,176-24,680-1,836,211-1,039,3183,025,385
Other Short Term Loans 0000000000-580,000580,000000
Long term loans00000000000-580,00000580,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue027,488,00023,821,000-2,256,914190,064124,000226,000137,906227,530000-106,175,654
interest57,00020,00032,00037,69330,42426,72054,67420,08614,57223,254-8,757-42,062-25,803-25,321-18,731
cash flow from financing-2,480,00031,340,00033,186,0006,962,970-2,711,1331,990,036-1,331,198-2,307,154-1,9427,938,126-713,933-66,742-1,862,015-1,064,6399,762,308
cash and cash equivalents
cash-5,014,0005,995,00011,736,0005,037,293-1,843,8771,523,2443,809,684322,672-629,383-2,135,354-422,199826,142-1,184,257-1,503,7455,683,680
overdraft4,743,000236,000664,000744,9690-4,210,3523,016,4831,193,869000-197,390-418,080353,013262,457
change in cash-9,757,0005,759,00011,072,0004,292,324-1,843,8775,733,596793,201-871,197-629,383-2,135,354-422,1991,023,532-766,177-1,856,7585,421,223

minor,weir and willis limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Minor,weir And Willis Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for minor,weir and willis limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in B 6 area or any other competitors across 12 key performance metrics.

minor,weir and willis limited Ownership

MINOR,WEIR AND WILLIS LIMITED group structure

Minor,Weir And Willis Limited has 4 subsidiary companies.

Ultimate parent company

FVT HOLDINGS LTD

#0083513

FVT LTD

#0119467

2 parents

MINOR,WEIR AND WILLIS LIMITED

00776793

4 subsidiaries

MINOR,WEIR AND WILLIS LIMITED Shareholders

fvt limited 100%

minor,weir and willis limited directors

Minor,Weir And Willis Limited currently has 3 directors. The longest serving directors include Mr Sant Mehta (Oct 1991) and Mr Parveen Mehta (May 1992).

officercountryagestartendrole
Mr Sant MehtaUnited Kingdom64 years Oct 1991- Director
Mr Parveen Mehta63 years May 1992- Director
Mr Rajinder Gill51 years Sep 2009- Director

P&L

December 2023

turnover

205.2m

+16%

operating profit

3.2m

+12%

gross margin

11.3%

+3.14%

turnover

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

Balance Sheet

December 2023

net assets

33m

+0.09%

total assets

59.7m

+0.17%

cash

981k

-0.84%

net assets

Total assets minus all liabilities

minor,weir and willis limited company details

company number

00776793

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

incorporation date

October 1963

age

61

incorporated

UK

ultimate parent company

FVT HOLDINGS LTD

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

BDO LLP

address

altitude 206 deykin avenue, witton, birmingham, west midland, B6 7BH

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

minor,weir and willis 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 6 charges/mortgages relating to minor,weir and willis limited. Currently there are 2 open charges and 4 have been satisfied in the past.

charges

minor,weir and willis limited Companies House Filings - See Documents

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