majestic wine warehouses limited
majestic wine warehouses limited Company Information
Company Number
01594599
Website
www.majestic.co.ukRegistered Address
majestic house the belfry, colonial way, watford, hertfordshire, WD24 4WH
Industry
Wholesale of wine, beer, spirits and other alcoholic beverages
Telephone
03456056767
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
cf bacchus intermediate holdco ltd 100%
majestic wine warehouses limited Estimated Valuation
Pomanda estimates the enterprise value of MAJESTIC WINE WAREHOUSES LIMITED at £217.4m based on a Turnover of £372.1m and 0.58x industry multiple (adjusted for size and gross margin).
majestic wine warehouses limited Estimated Valuation
Pomanda estimates the enterprise value of MAJESTIC WINE WAREHOUSES LIMITED at £205.8m based on an EBITDA of £24.8m and a 8.31x industry multiple (adjusted for size and gross margin).
majestic wine warehouses limited Estimated Valuation
Pomanda estimates the enterprise value of MAJESTIC WINE WAREHOUSES LIMITED at £190.6m based on Net Assets of £73.8m and 2.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Majestic Wine Warehouses Limited Overview
Majestic Wine Warehouses Limited is a live company located in watford, WD24 4WH with a Companies House number of 01594599. It operates in the wholesale of wine, beer, spirits and other alcoholic beverages sector, SIC Code 46342. Founded in October 1981, it's largest shareholder is cf bacchus intermediate holdco ltd with a 100% stake. Majestic Wine Warehouses Limited is a mature, mega sized company, Pomanda has estimated its turnover at £372.1m with healthy growth in recent years.
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Majestic Wine Warehouses Limited Health Check
Pomanda's financial health check has awarded Majestic Wine Warehouses Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £372.1m, make it larger than the average company (£27.4m)
£372.1m - Majestic Wine Warehouses Limited
£27.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.7%)
7% - Majestic Wine Warehouses Limited
6.7% - Industry AVG
Production
with a gross margin of 23.8%, this company has a lower cost of product (19.2%)
23.8% - Majestic Wine Warehouses Limited
19.2% - Industry AVG
Profitability
an operating margin of 5.8% make it more profitable than the average company (3.8%)
5.8% - Majestic Wine Warehouses Limited
3.8% - Industry AVG
Employees
with 1381 employees, this is above the industry average (41)
1381 - Majestic Wine Warehouses Limited
41 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has a lower pay structure (£49.2k)
£30.8k - Majestic Wine Warehouses Limited
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £269.4k, this is less efficient (£632.3k)
£269.4k - Majestic Wine Warehouses Limited
£632.3k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (44 days)
4 days - Majestic Wine Warehouses Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (44 days)
35 days - Majestic Wine Warehouses Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (59 days)
75 days - Majestic Wine Warehouses Limited
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (8 weeks)
18 weeks - Majestic Wine Warehouses Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.5%, this is a similar level of debt than the average (64.7%)
68.5% - Majestic Wine Warehouses Limited
64.7% - Industry AVG
MAJESTIC WINE WAREHOUSES LIMITED financials
Majestic Wine Warehouses Limited's latest turnover from April 2023 is £372.1 million and the company has net assets of £73.8 million. According to their latest financial statements, Majestic Wine Warehouses Limited has 1,381 employees and maintains cash reserves of £22.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Apr 2013 | Apr 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 372,058,000 | 377,253,000 | 303,390,000 | 302,414,000 | 299,301,000 | 301,169,000 | 282,040,000 | 265,956,000 | 255,732,000 | 248,541,000 | 253,216,000 | 234,217,000 | 213,540,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 283,485,000 | 286,089,000 | 241,115,000 | 236,397,000 | 231,123,000 | 234,112,000 | 218,197,000 | 206,826,000 | 198,251,000 | 193,399,000 | 199,105,000 | 184,828,000 | 169,142,000 | |
| Gross Profit | 88,573,000 | 91,164,000 | 62,275,000 | 66,017,000 | 68,178,000 | 67,057,000 | 63,843,000 | 59,130,000 | 57,481,000 | 55,142,000 | 54,111,000 | 49,389,000 | 44,398,000 | |
| Admin Expenses | 67,054,000 | 67,405,000 | 58,263,000 | 71,462,000 | 57,769,000 | 55,241,000 | 44,352,000 | |||||||
| Operating Profit | 21,519,000 | 23,759,000 | 4,012,000 | -5,445,000 | 10,409,000 | 11,816,000 | 19,491,000 | |||||||
| Interest Payable | 8,167,000 | 7,781,000 | 3,587,000 | 0 | 26,000 | 58,000 | 41,000 | 147,000 | 157,000 | 144,000 | 243,000 | 404,000 | 443,000 | |
| Interest Receivable | 321,000 | 0 | 0 | 2,000 | 0 | 0 | 34,000 | 44,000 | 44,000 | 30,000 | 44,000 | 46,000 | 36,000 | |
| Pre-Tax Profit | 13,673,000 | 15,978,000 | 425,000 | -5,443,000 | 10,383,000 | 11,758,000 | 19,484,000 | 18,873,000 | 21,316,000 | 20,443,000 | 20,013,000 | 18,571,000 | 15,620,000 | |
| Tax | -2,505,000 | -2,976,000 | -6,000 | -774,000 | -1,967,000 | -2,537,000 | -4,753,000 | -4,486,000 | -5,492,000 | -5,451,000 | -5,589,000 | -5,538,000 | -4,583,000 | |
| Profit After Tax | 11,168,000 | 13,002,000 | 419,000 | -6,217,000 | 8,416,000 | 9,221,000 | 14,731,000 | 14,387,000 | 15,824,000 | 14,992,000 | 14,424,000 | 13,033,000 | 11,037,000 | |
| Dividends Paid | 1,186,000 | 2,159,000 | 42,474,000 | 0 | 0 | 10,000,000 | 0 | 10,000,000 | 10,000,000 | 10,000,000 | 5,000,000 | 7,500,000 | 7,500,000 | |
| Retained Profit | 9,982,000 | 10,843,000 | -42,004,000 | -6,217,000 | 8,416,000 | -779,000 | 14,731,000 | 4,387,000 | 5,824,000 | 4,992,000 | 9,424,000 | 5,533,000 | 3,537,000 | |
| Employee Costs | 42,591,000 | 40,161,000 | 36,184,000 | 34,217,000 | 34,207,000 | 38,460,000 | 34,302,000 | 30,951,000 | 27,932,000 | 27,711,000 | 26,807,000 | 24,714,000 | 22,258,000 | |
| Number Of Employees | 1,381 | 1,390 | 1,100 | 1,278 | 1,168 | 1,233 | 1,116 | 1,037 | 998 | 941 | 890 | 845 | 754 | |
| EBITDA* | 24,776,000 | 26,906,000 | 19,359,000 | 10,207,000 | 16,125,000 | 17,954,000 | 25,818,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Apr 2013 | Apr 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 102,451,000 | 0 | 107,189,000 | 113,257,000 | 60,016,000 | 71,337,000 | 74,236,000 | 76,267,000 | 79,764,000 | 78,799,000 | 75,118,000 | 68,772,000 | 61,886,000 | 56,426,000 |
| Intangible Assets | 1,630,000 | 0 | 2,222,000 | 772,000 | 1,386,000 | 516,000 | 813,000 | 1,939,000 | 2,322,000 | 1,923,000 | 1,643,000 | 710,000 | 611,000 | 618,000 |
| Investments & Other | 882,000 | 0 | 0 | 0 | 5,137,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,037,000 | 5,037,000 | 5,037,000 | 5,037,000 | 5,037,000 | 5,037,000 |
| Debtors (Due After 1 year) | 0 | 0 | 1,155,000 | 1,311,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 104,963,000 | 0 | 108,256,000 | 112,718,000 | 61,402,000 | 71,853,000 | 75,049,000 | 78,206,000 | 82,086,000 | 80,722,000 | 76,761,000 | 69,482,000 | 62,497,000 | 57,044,000 |
| Stock & work in progress | 58,902,000 | 0 | 47,691,000 | 47,157,000 | 56,603,000 | 49,348,000 | 46,652,000 | 43,518,000 | 47,918,000 | 48,147,000 | 44,865,000 | 45,202,000 | 41,788,000 | 34,157,000 |
| Trade Debtors | 4,783,000 | 1 | 376,000 | 2,148,000 | 4,951,000 | 4,109,000 | 4,681,000 | 5,378,000 | 4,038,000 | 3,747,000 | 3,283,000 | 3,075,000 | 2,739,000 | 2,505,000 |
| Group Debtors | 37,394,000 | 0 | 11,392,000 | 1,744,000 | 21,765,000 | 9,929,000 | 8,558,000 | 3,149,000 | 2,362,000 | 2,407,000 | 2,328,000 | 2,277,000 | 2,275,000 | 2,302,000 |
| Misc Debtors | 5,947,000 | 0 | 2,700,000 | 3,770,000 | 4,293,000 | 3,840,000 | 4,147,000 | 1,394,000 | 2,607,000 | 2,812,000 | 2,182,000 | 1,847,000 | 2,334,000 | 2,579,000 |
| Cash | 22,338,000 | 0 | 48,132,000 | 26,012,000 | 0 | 0 | 0 | 0 | 6,530,000 | 958,000 | 1,978,000 | 0 | 2,768,000 | 2,701,000 |
| misc current assets | 0 | 0 | 0 | 288,000 | 0 | 0 | 0 | 830,000 | 41,000 | 0 | 38,000 | 11,000 | 478,000 | 232,000 |
| total current assets | 129,364,000 | 1 | 111,323,000 | 83,072,000 | 87,612,000 | 67,226,000 | 64,038,000 | 54,269,000 | 63,496,000 | 58,071,000 | 54,674,000 | 52,412,000 | 52,382,000 | 44,476,000 |
| total assets | 234,327,000 | 1 | 219,579,000 | 195,790,000 | 149,014,000 | 139,079,000 | 139,087,000 | 132,475,000 | 145,582,000 | 138,793,000 | 131,435,000 | 121,894,000 | 114,879,000 | 101,520,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 7,925,000 | 2,246,000 | 5,464,000 | 3,071,000 | 0 | 3,808,000 | 2,059,000 | 1,817,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 27,727,000 | 0 | 21,049,000 | 26,936,000 | 30,522,000 | 24,341,000 | 20,075,000 | 27,942,000 | 75,978,000 | 31,993,000 | 34,812,000 | 32,878,000 | 31,117,000 | 28,756,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 676,000 | 672,000 |
| hp & lease commitments | 9,943,000 | 0 | 8,089,000 | 8,778,000 | 397,000 | 657,000 | 437,000 | 433,000 | 425,000 | 414,000 | 216,000 | 188,000 | 149,000 | 106,000 |
| other current liabilities | 23,695,000 | 0 | 41,282,000 | 22,676,000 | 27,993,000 | 23,470,000 | 32,787,000 | 19,936,000 | 2,953,000 | 40,785,000 | 39,211,000 | 38,006,000 | 39,328,000 | 34,972,000 |
| total current liabilities | 61,365,000 | 0 | 70,420,000 | 58,390,000 | 66,837,000 | 50,714,000 | 58,763,000 | 51,382,000 | 79,356,000 | 77,000,000 | 76,298,000 | 72,889,000 | 71,270,000 | 64,506,000 |
| loans | 0 | 0 | 198,608,000 | 196,776,000 | 3,004,000 | 3,344,000 | 4,430,000 | 5,104,000 | 5,176,000 | 5,146,000 | 2,746,000 | 2,088,000 | 11,816,000 | 12,644,000 |
| hp & lease commitments | 99,161,000 | 0 | 99,304,000 | 98,388,000 | 1,502,000 | 1,672,000 | 2,215,000 | 2,552,000 | 2,588,000 | 2,573,000 | 1,373,000 | 1,044,000 | 1,008,000 | 747,000 |
| 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 | 442,000 | 442,000 | 516,000 | 578,000 | 608,000 | 686,000 | 1,346,000 | 1,042,000 | 1,230,000 | 1,026,000 |
| total long term liabilities | 99,161,000 | 0 | 99,304,000 | 98,388,000 | 1,723,000 | 1,893,000 | 2,473,000 | 2,841,000 | 2,892,000 | 2,916,000 | 2,046,000 | 1,565,000 | 6,523,000 | 6,835,000 |
| total liabilities | 160,526,000 | 0 | 169,724,000 | 156,778,000 | 68,560,000 | 52,607,000 | 61,236,000 | 54,223,000 | 82,248,000 | 79,916,000 | 78,344,000 | 74,454,000 | 77,793,000 | 71,341,000 |
| net assets | 73,801,000 | 1 | 49,855,000 | 39,012,000 | 80,454,000 | 86,472,000 | 77,851,000 | 78,252,000 | 63,334,000 | 58,877,000 | 53,091,000 | 47,440,000 | 37,086,000 | 30,179,000 |
| total shareholders funds | 73,801,000 | 1 | 49,855,000 | 39,012,000 | 80,454,000 | 86,472,000 | 77,851,000 | 78,252,000 | 63,334,000 | 58,877,000 | 53,091,000 | 47,440,000 | 37,086,000 | 30,179,000 |
| Apr 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Apr 2013 | Apr 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 21,519,000 | 23,759,000 | 4,012,000 | -5,445,000 | 10,409,000 | 11,816,000 | 19,491,000 | |||||||
| Depreciation | 2,138,000 | 0 | 2,972,000 | 15,064,000 | 15,316,000 | 5,212,000 | 5,010,000 | 4,988,000 | 4,790,000 | 4,327,000 | 3,956,000 | 3,536,000 | 3,307,000 | 3,021,000 |
| Amortisation | 1,119,000 | 0 | 175,000 | 283,000 | 336,000 | 504,000 | 1,128,000 | 1,339,000 | 813,000 | 687,000 | 342,000 | 248,000 | 248,000 | 212,000 |
| Tax | -2,505,000 | -2,976,000 | -6,000 | -774,000 | -1,967,000 | -2,537,000 | -4,753,000 | -4,486,000 | -5,492,000 | -5,451,000 | -5,589,000 | -5,538,000 | -4,583,000 | |
| Stock | 58,902,000 | -47,691,000 | 534,000 | -9,446,000 | 7,255,000 | 2,696,000 | 3,134,000 | -4,400,000 | -229,000 | 3,282,000 | -337,000 | 3,414,000 | 7,631,000 | 34,157,000 |
| Debtors | 48,123,999 | -15,622,999 | 6,650,000 | -22,036,000 | 13,131,000 | 492,000 | 7,465,000 | 914,000 | 41,000 | 1,173,000 | 594,000 | -149,000 | -38,000 | 7,386,000 |
| Creditors | 27,727,000 | -21,049,000 | -5,887,000 | -3,586,000 | 6,181,000 | 4,266,000 | -7,867,000 | -48,036,000 | 43,985,000 | -2,819,000 | 1,934,000 | 1,761,000 | 2,361,000 | 28,756,000 |
| Accruals and Deferred Income | 23,695,000 | -41,282,000 | 18,606,000 | -5,317,000 | 4,523,000 | -9,317,000 | 12,851,000 | 16,983,000 | -37,832,000 | 1,574,000 | 1,205,000 | -1,322,000 | 4,356,000 | 34,972,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -442,000 | 0 | -74,000 | -62,000 | -30,000 | -78,000 | -660,000 | 304,000 | -188,000 | 204,000 | 1,026,000 |
| Cash flow from operations | -33,332,999 | 29,465,000 | 41,490,000 | -249,000 | 5,845,000 | 9,740,000 | -6,532,000 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 882,000 | 0 | 0 | -5,137,000 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 5,037,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -676,000 | 4,000 | 672,000 |
| Long term loans | 0 | -198,608,000 | 1,832,000 | 193,772,000 | -340,000 | -1,086,000 | -674,000 | -72,000 | 30,000 | 2,400,000 | 658,000 | -9,728,000 | -828,000 | 12,644,000 |
| Hire Purchase and Lease Commitments | 109,104,000 | -107,393,000 | 227,000 | 105,267,000 | -430,000 | -323,000 | -333,000 | -28,000 | 26,000 | 1,398,000 | 357,000 | 75,000 | 304,000 | 853,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -7,846,000 | -7,781,000 | -3,587,000 | 2,000 | -26,000 | -58,000 | -7,000 | -103,000 | -113,000 | -114,000 | -199,000 | -358,000 | -407,000 | |
| cash flow from financing | 165,076,999 | -5,722,000 | 296,014,000 | -569,000 | -1,230,000 | -687,000 | 80,000 | 23,000 | 3,647,000 | 1,560,000 | -9,598,000 | 496,000 | 40,404,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | 22,338,000 | -48,132,000 | 22,120,000 | 26,012,000 | 0 | 0 | 0 | -6,530,000 | 5,572,000 | -1,020,000 | 1,978,000 | -2,768,000 | 67,000 | 2,701,000 |
| overdraft | 0 | 0 | 0 | -7,925,000 | 5,679,000 | -3,218,000 | 2,393,000 | 3,071,000 | -3,808,000 | 1,749,000 | 242,000 | 1,817,000 | 0 | 0 |
| change in cash | 22,338,000 | -48,132,000 | 22,120,000 | 33,937,000 | -5,679,000 | 3,218,000 | -2,393,000 | -9,601,000 | 9,380,000 | -2,769,000 | 1,736,000 | -4,585,000 | 67,000 | 2,701,000 |
majestic wine warehouses limited Credit Report and Business Information
Majestic Wine Warehouses Limited Competitor Analysis
Perform a competitor analysis for majestic wine warehouses limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
majestic wine warehouses limited Ownership
MAJESTIC WINE WAREHOUSES LIMITED group structure
Majestic Wine Warehouses Limited has 2 subsidiary companies.
Ultimate parent company
SOFTBANK GROUP CORP
#0089658
2 parents
MAJESTIC WINE WAREHOUSES LIMITED
01594599
2 subsidiaries
majestic wine warehouses limited directors
Majestic Wine Warehouses Limited currently has 7 directors. The longest serving directors include Mr Marimuthu Subburathinam (Dec 2019) and Mr Joshua Pack (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marimuthu Subburathinam | United Kingdom | 58 years | Dec 2019 | - | Director |
| Mr Joshua Pack | United Kingdom | 50 years | Dec 2019 | - | Director |
| Mr Marimuthu Subburathinam | United Kingdom | 58 years | Dec 2019 | - | Director |
| Mr Nicholas Fegan | United Kingdom | 49 years | Dec 2019 | - | Director |
| Mr Nicholas Fegan | England | 49 years | Dec 2019 | - | Director |
| Mr Joshua Pack | United Kingdom | 50 years | Dec 2019 | - | Director |
| Mr Nitish Sanadhya | United Kingdom | 37 years | Oct 2023 | - | Director |
P&L
April 2023turnover
372.1m
0%
operating profit
21.5m
0%
gross margin
23.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
73.8m
+73800999%
total assets
234.3m
+234326999%
cash
22.3m
0%
net assets
Total assets minus all liabilities
Similar Companies
majestic wine warehouses limited company details
company number
01594599
Type
Private limited with Share Capital
industry
46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
incorporation date
October 1981
age
43
accounts
Full Accounts
ultimate parent company
previous names
falcovant limited (February 1982)
incorporated
UK
address
majestic house the belfry, colonial way, watford, hertfordshire, WD24 4WH
last accounts submitted
April 2023
majestic wine warehouses 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 41 charges/mortgages relating to majestic wine warehouses limited. Currently there are 7 open charges and 34 have been satisfied in the past.
majestic wine warehouses limited Companies House Filings - See Documents
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