Mardon Limited

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mardon limited Company Information

Live

MatureLargeRapid

Company Number

01853428

Website

www.mardon.com

Registered Address

fenton house, 10 fenton street, lancaster, lancashire, LA1 1TE

Industry

Non-specialised wholesale trade

Wholesale of other food, including fish, crustaceans and molluscs

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Telephone

01524845000

Next Accounts Due

June 2025

Group Structure

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Directors

Mark Donoghue12 Years

John Beamer10 Years

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Shareholders

mardon holdings limited 100%

lanpro limited 0%

mardon limited Estimated Valuation

£13.7m

Pomanda estimates the enterprise value of MARDON LIMITED at £13.7m based on a Turnover of £20.1m and 0.68x industry multiple (adjusted for size and gross margin).

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Mardon Limited is a live company located in lancaster, LA1 1TE with a Companies House number of 01853428. It operates in the marine fishing sector, SIC Code 03110. Founded in October 1984, it's largest shareholder is mardon holdings limited with a 100% stake. Mardon Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mardon Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £20.1m, make it in line with the average company (£18.5m)

Growth

3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (6.6%)

EXPORT

Mardon Limited's latest turnover from September 2023 is £20.1 million and the company has net assets of £2.1 million. According to their latest financial statements, Mardon Limited has 14 employees and maintains cash reserves of £619.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Mar 2020	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	20,122,790	17,556,991	13,187,704	5,508,580	25,503,898	19,183,965	17,070,174	16,081,910	11,618,987	14,223,810	7,304,989	14,482,437	18,442,613	20,925,986	23,557,921
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	17,322,503	15,442,712	11,323,387	4,715,847	22,524,716	16,747,046	14,852,824	14,103,997	10,052,631	12,296,774	6,313,147	13,671,830	16,936,805	19,535,735	22,097,508
Gross Profit	2,800,287	2,114,279	1,864,317	792,733	2,979,182	2,436,919	2,217,350	1,977,913	1,566,356	1,927,036	991,842	810,607	1,505,808	1,390,251	1,460,413
Admin Expenses	1,890,938	1,399,319	1,423,774	658,368	5,100,949	1,691,665	1,521,466	1,349,018	1,048,396	1,212,202	940,624	1,978,428	1,290,668	1,077,391	925,842
Operating Profit	909,349	714,960	440,543	134,365	-2,121,767	745,254	695,884	628,895	517,960	714,834	51,218	-1,167,821	215,140	312,860	534,571
Interest Payable	146,761	82,588	60,021	12,265	82,047	48,987	77,948	68,419	49,642	36,030	33,892	77,098	71,272	92,121	109,219
Interest Receivable	719	20	508	501	4,847	12,457	5,390	2,271	1,925	1,081	40	42	111	2,081	37
Pre-Tax Profit	763,307	632,392	381,030	122,601	-2,198,967	708,724	623,326	562,747	470,243	679,885	22,366	-1,244,877	143,979	222,820	425,389
Tax	-177,977	-157,996	-13,262	-24,428	414,311	-137,108	-121,659	-122,638	-91,921	-139,875	209,404	27,533	-29,533	-48,886	-105,349
Profit After Tax	585,330	474,396	367,768	98,173	-1,784,656	571,616	501,667	440,109	378,322	540,010	231,770	-1,217,344	114,446	173,934	320,040
Dividends Paid	120,000	120,000	121,650	0	123,300	243,300	250,675	240,000	236,849	229,183	132,764	120,000	120,000	190,000	240,000
Retained Profit	465,330	354,396	246,118	98,173	-1,907,956	328,316	250,992	200,109	141,473	310,827	99,006	-1,337,344	-5,554	-16,066	80,040
Employee Costs	984,025	712,336	607,010	334,956	1,192,851	861,725	760,839	622,337	550,618	584,240	523,865	872,569	807,250	731,427	663,652
Number Of Employees	14	15	16	18	20	22	21	17	16	16	14	23	25	19	16
EBITDA*	914,525	719,508	452,733	145,704	-2,091,917	768,392	713,541	648,270	544,231	742,197	78,931	-1,138,947	240,333	339,245	566,582

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Mar 2020	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	643,506	642,896	646,246	650,136	606,084	634,960	630,999	642,445	659,285	666,525	695,593	723,306	742,295	751,126	775,603
Intangible Assets	0	0	0	0	0	0	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	0
Debtors (Due After 1 year)	238,988	318,790	237,798	253,081	277,509	0	287	0	0	0	0	0	0	0	0
Total Fixed Assets	882,494	961,686	884,044	903,217	883,593	634,960	631,286	642,445	659,285	666,525	695,593	723,306	742,295	751,126	775,603
Stock & work in progress	1,062,510	868,265	1,109,141	1,500,168	1,328,307	1,507,020	1,565,079	1,352,814	1,083,461	605,850	309,537	705,543	1,104,747	919,685	1,624,324
Trade Debtors	3,488,702	2,993,152	2,295,488	2,122,108	3,083,598	3,708,431	4,176,197	3,446,034	2,022,817	2,143,538	1,657,691	2,424,858	3,905,450	2,697,843	2,974,811
Group Debtors	987,736	987,736	987,736	1,013,243	957,201	489,407	601,207	103,507	98,459	99,318	70,815	70,815	70,815	70,815	70,815
Misc Debtors	691,808	1,276,813	475,528	637,765	388,680	505,324	290,387	660,765	213,572	1,084,885	507,051	108,202	202,997	141,039	112,567
Cash	619,900	321,432	87,387	157,803	230,640	1,244,710	515,953	387,993	94,509	391,506	90,330	511,538	31,002	341,054	134,613
misc current assets	0	0	0	0	0	0	0	0	0	0	0	25,000	25,000	0	0
total current assets	6,850,656	6,447,398	4,955,280	5,431,087	5,988,426	7,454,892	7,148,823	5,951,113	3,512,818	4,325,097	2,635,424	3,845,956	5,340,011	4,170,436	4,917,130
total assets	7,733,150	7,409,084	5,839,324	6,334,304	6,872,019	8,089,852	7,780,109	6,593,558	4,172,103	4,991,622	3,331,017	4,569,262	6,082,306	4,921,562	5,692,733
Bank overdraft	2,575,812	3,086,965	3,333,982	3,620,740	0	0	0	2,868,859	1,258,822	1,712,497	1,187,463	2,700,663	2,452,937	2,088,273	1,894,493
Bank loan	0	0	0	0	3,712,164	3,688,895	2,867,625	0	0	0	0	0	0	0	0
Trade Creditors	1,458,400	1,218,727	1,045,401	1,487,160	2,007,629	1,167,616	1,440,073	959,534	443,989	449,394	372,699	1,159,606	1,709,809	905,188	1,755,649
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	28,860	33,873	47,149	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	806,596	494,505	167,325	179,906	247,290	394,664	970,258	508,783	388,811	411,057	169,420	201,947	76,952	79,941	178,365
total current liabilities	4,840,808	4,800,197	4,546,708	5,287,806	5,967,083	5,280,035	5,311,829	4,384,325	2,091,622	2,572,948	1,729,582	4,062,216	4,239,698	3,073,402	3,828,507
loans	780,000	961,875	0	0	0	970,753	960,609	950,065	1,023,911	1,503,577	997,165	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	3,077	0	2,489	0	0	0	1,782	0	0	0
total long term liabilities	780,000	961,875	0	0	0	973,830	960,609	952,554	1,023,911	1,503,577	997,165	1,782	0	0	0
total liabilities	5,620,808	5,762,072	4,546,708	5,287,806	5,967,083	6,253,865	6,272,438	5,336,879	3,115,533	4,076,525	2,726,747	4,063,998	4,239,698	3,073,402	3,828,507
net assets	2,112,342	1,647,012	1,292,616	1,046,498	904,936	1,835,987	1,507,671	1,256,679	1,056,570	915,097	604,270	505,264	1,842,608	1,848,160	1,864,226
total shareholders funds	2,112,342	1,647,012	1,292,616	1,046,498	904,936	1,835,987	1,507,671	1,256,679	1,056,570	915,097	604,270	505,264	1,842,608	1,848,160	1,864,226

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Mar 2020	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	909,349	714,960	440,543	134,365	-2,121,767	745,254	695,884	628,895	517,960	714,834	51,218	-1,167,821	215,140	312,860	534,571
Depreciation	5,176	4,548	12,190	11,339	29,850	23,138	17,657	19,375	26,271	27,363	27,713	28,874	25,193	26,385	32,011
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-177,977	-157,996	-13,262	-24,428	414,311	-137,108	-121,659	-122,638	-91,921	-139,875	209,404	27,533	-29,533	-48,886	-105,349
Stock	194,245	-240,876	-391,027	1,500,168	1,328,307	-58,059	212,265	269,353	477,611	296,313	-396,006	-399,204	185,062	-704,639	1,624,324
Debtors	-169,257	1,579,941	-29,647	4,026,197	4,706,988	-364,916	857,772	1,875,458	-992,893	1,092,184	-368,318	-1,575,387	1,269,565	-248,496	3,158,193
Creditors	239,673	173,326	-441,759	1,487,160	2,007,629	-272,457	480,539	515,545	-5,405	76,695	-786,907	-550,203	804,621	-850,461	1,755,649
Accruals and Deferred Income	312,091	327,180	-12,581	179,906	247,290	-575,594	461,475	119,972	-22,246	241,637	-32,527	124,995	-2,989	-98,424	178,365
Deferred Taxes & Provisions	0	0	0	0	0	3,077	-2,489	2,489	0	0	-1,782	1,782	0	0	0
Cash flow from operations	1,263,324	-277,047	405,805	-3,738,023	-5,457,982	209,285	461,370	-981,173	939,941	-467,843	231,443	439,751	-442,195	294,609	-2,387,270
Investing Activities
capital expenditure	-5,786	-1,198	-8,300	-661,475	-635,934	-27,099	-6,211	-2,535	-19,031	1,705	0	-9,885	-16,362	-1,908	-807,614
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,786	-1,198	-8,300	-661,475	-635,934	-27,099	-6,211	-2,535	-19,031	1,705	0	-9,885	-16,362	-1,908	-807,614
Financing Activities
Bank loans	0	0	0	0	3,712,164	821,270	2,867,625	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	0
Other Short Term Loans	0	0	0	0	0	-5,013	-13,276	47,149	0	0	0	0	0	0	0
Long term loans	-181,875	961,875	0	0	0	10,144	10,544	-73,846	-479,666	506,412	997,165	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	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	0	0	0	0	0
share issue	0	0	0	948,325	2,812,892	0	0	0	0	0	0	0	2	0	1,784,186
interest	-146,042	-82,568	-59,513	-11,764	-77,200	-36,530	-72,558	-66,148	-47,717	-34,949	-33,852	-77,056	-71,161	-90,040	-109,182
cash flow from financing	-327,917	879,307	-59,513	936,561	6,447,856	789,871	2,792,335	-92,845	-527,383	471,463	963,313	-77,056	-71,159	-90,040	1,675,004
cash and cash equivalents
cash	298,468	234,045	-70,416	157,803	230,640	728,757	127,960	293,484	-296,997	301,176	-421,208	480,536	-310,052	206,441	134,613
overdraft	-511,153	-247,017	-286,758	3,620,740	0	0	-2,868,859	1,610,037	-453,675	525,034	-1,513,200	247,726	364,664	193,780	1,894,493
change in cash	809,621	481,062	216,342	-3,462,937	230,640	728,757	2,996,819	-1,316,553	156,678	-223,858	1,091,992	232,810	-674,716	12,661	-1,759,880

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mardon limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in LA1 area or any other competitors across 12 key performance metrics.

MARDON LIMITED group structure

Mardon Limited has no subsidiary companies.

Ultimate parent company

MARDON HOLDINGS LIMITED

06271360

1 parent

MARDON LIMITED

01853428

MARDON LIMITED Shareholders

mardon holdings limited	100%
lanpro limited	0%

Mardon Limited currently has 5 directors. The longest serving directors include Mr Mark Donoghue (Oct 2012) and Mr John Beamer (May 2014).

officer	age	start	end	role
Mr Mark Donoghue	66 years	Oct 2012	-	Director
Mr John Beamer	60 years	May 2014	-	Director
Mr Tom Crookall	37 years	Jul 2022	-	Director
Mr David Hughes	55 years	Dec 2022	-	Director
Ms Sarah Bamber	39 years	Sep 2024	-	Director

P&L

September 2023

turnover

20.1m

+15%

operating profit

909.3k

+27%

gross margin

14%

+15.56%

turnover

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

Balance Sheet

September 2023

net assets

2.1m

+0.28%

total assets

7.7m

+0.04%

cash

619.9k

+0.93%

net assets

Total assets minus all liabilities

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company number

01853428

Type

Private limited with Share Capital

industry

03110 - Marine fishing

46900 - Non-specialised wholesale trade

46380 - Wholesale of other food, including fish, crustaceans and molluscs

incorporation date

October 1984

ultimate parent company

MARDON HOLDINGS LIMITED

previous names

mardon public limited company (April 2020)

mardon limited (June 2008)

address

fenton house, 10 fenton street, lancaster, lancashire, LA1 1TE

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 15 charges/mortgages relating to mardon limited. Currently there are 8 open charges and 7 have been satisfied in the past.

mardon limited Company Information

mardon limited Estimated Valuation

mardon limited Estimated Valuation

mardon limited Estimated Valuation

Mardon Limited Overview

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MARDON LIMITED financials

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