mardon limited
mardon limited Company Information
Company Number
01853428
Next Accounts
Jun 2025
Shareholders
mardon holdings limited
lanpro limited
Group Structure
View All
Industry
Wholesale of other food, including fish, crustaceans and molluscs
+2Registered Address
fenton house, 10 fenton street, lancaster, lancashire, LA1 1TE
Website
www.mardon.commardon limited Estimated Valuation
Pomanda estimates the enterprise value of MARDON LIMITED at £9.6m based on a Turnover of £20.1m and 0.48x industry multiple (adjusted for size and gross margin).
mardon limited Estimated Valuation
Pomanda estimates the enterprise value of MARDON LIMITED at £4.3m based on an EBITDA of £914.5k and a 4.71x industry multiple (adjusted for size and gross margin).
mardon limited Estimated Valuation
Pomanda estimates the enterprise value of MARDON LIMITED at £4.9m based on Net Assets of £2.1m and 2.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mardon Limited Overview
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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Mardon Limited Health Check
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 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £20.1m, make it in line with the average company (£17m)
£20.1m - Mardon Limited
£17m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (5.8%)
54% - Mardon Limited
5.8% - Industry AVG
Production
with a gross margin of 13.9%, this company has a higher cost of product (24.1%)
13.9% - Mardon Limited
24.1% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (8.1%)
4.5% - Mardon Limited
8.1% - Industry AVG
Employees
with 14 employees, this is below the industry average (29)
14 - Mardon Limited
29 - Industry AVG
Pay Structure
on an average salary of £70.3k, the company has a higher pay structure (£42k)
£70.3k - Mardon Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£406.9k)
£1.4m - Mardon Limited
£406.9k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (44 days)
63 days - Mardon Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (30 days)
30 days - Mardon Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (49 days)
22 days - Mardon Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (16 weeks)
6 weeks - Mardon Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.7%, this is a higher level of debt than the average (49.6%)
72.7% - Mardon Limited
49.6% - Industry AVG
MARDON LIMITED financials
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 | |||||||||||||||
| 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 | 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 | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 238,988 | 318,790 | 237,798 | 253,081 | 277,509 | 287 | |||||||||
| 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 | 25,000 | 25,000 | |||||||||||||
| 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 | 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 | 3,712,164 | 3,688,895 | 2,867,625 | ||||||||||||
| 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 | |||||||||||||||
| other short term finances | 28,860 | 33,873 | 47,149 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| 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 | 970,753 | 960,609 | 950,065 | 1,023,911 | 1,503,577 | 997,165 | |||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 3,077 | 2,489 | 1,782 | ||||||||||||
| total long term liabilities | 780,000 | 961,875 | 973,830 | 960,609 | 952,554 | 1,023,911 | 1,503,577 | 997,165 | 1,782 | ||||||
| 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 | |||||||||||||||
| 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 | 3,077 | -2,489 | 2,489 | -1,782 | 1,782 | ||||||||||
| 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 | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 3,712,164 | 821,270 | 2,867,625 | ||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -5,013 | -13,276 | 47,149 | ||||||||||||
| Long term loans | -181,875 | 961,875 | 10,144 | 10,544 | -73,846 | -479,666 | 506,412 | 997,165 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| 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 | -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 |
mardon limited Credit Report and Business Information
Mardon Limited Competitor Analysis
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 Ownership
MARDON LIMITED group structure
Mardon Limited has no subsidiary companies.
mardon limited directors
Mardon Limited currently has 5 directors. The longest serving directors include Mr Mark Donoghue (Oct 2012) and Mr John Beamer (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Donoghue | 67 years | Oct 2012 | - | Director | |
| Mr John Beamer | 60 years | May 2014 | - | Director | |
| Mr Tom Crookall | 38 years | Jul 2022 | - | Director | |
| Mr David Hughes | 55 years | Dec 2022 | - | Director | |
| Ms Sarah Bamber | 39 years | Sep 2024 | - | Director |
P&L
September 2023turnover
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 2023net assets
2.1m
+0.28%
total assets
7.7m
+0.04%
cash
619.9k
+0.93%
net assets
Total assets minus all liabilities
mardon limited company details
company number
01853428
Type
Private limited with Share Capital
industry
03110 - Marine fishing
46380 - Wholesale of other food, including fish, crustaceans and molluscs
46900 - Non-specialised wholesale trade
incorporation date
October 1984
age
41
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
mardon public limited company (April 2020)
mardon limited (June 2008)
See moreaccountant
-
auditor
MHA MOORE AND SMALLEY
address
fenton house, 10 fenton street, lancaster, lancashire, LA1 1TE
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
FMGS LAW LTD
mardon 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 15 charges/mortgages relating to mardon limited. Currently there are 8 open charges and 7 have been satisfied in the past.
mardon limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MARDON LIMITED. This can take several minutes, an email will notify you when this has completed.
mardon limited Companies House Filings - See Documents
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