smithfield murray limited

smithfield murray limited Company Information

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Company Number

02110715

Industry

Production of meat and poultry meat products

 

Directors

Damien Murray

Martin Grady

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Shareholders

smithfield murray holdings ltd

Group Structure

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Contact

Registered Address

fourth floor, unit 5b the parklands, bolton, BL6 4SD

smithfield murray limited Estimated Valuation

£33.5m

Pomanda estimates the enterprise value of SMITHFIELD MURRAY LIMITED at £33.5m based on a Turnover of £38.5m and 0.87x industry multiple (adjusted for size and gross margin).

smithfield murray limited Estimated Valuation

£47.3m

Pomanda estimates the enterprise value of SMITHFIELD MURRAY LIMITED at £47.3m based on an EBITDA of £5.5m and a 8.6x industry multiple (adjusted for size and gross margin).

smithfield murray limited Estimated Valuation

£19.6m

Pomanda estimates the enterprise value of SMITHFIELD MURRAY LIMITED at £19.6m based on Net Assets of £9.8m and 2x industry multiple (adjusted for liquidity).

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Smithfield Murray Limited Overview

Smithfield Murray Limited is a live company located in bolton, BL6 4SD with a Companies House number of 02110715. It operates in the production of meat and poultry meat products sector, SIC Code 10130. Founded in March 1987, it's largest shareholder is smithfield murray holdings ltd with a 100% stake. Smithfield Murray Limited is a mature, large sized company, Pomanda has estimated its turnover at £38.5m with healthy growth in recent years.

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Smithfield Murray Limited Health Check

Pomanda's financial health check has awarded Smithfield Murray Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

3 Regular

positive_score

1 Weak

size

Size

annual sales of £48.5m, make it larger than the average company (£30.9m)

£48.5m - Smithfield Murray Limited

£30.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.3%)

22% - Smithfield Murray Limited

6.3% - Industry AVG

production

Production

with a gross margin of 18.7%, this company has a comparable cost of product (16.3%)

18.7% - Smithfield Murray Limited

16.3% - Industry AVG

profitability

Profitability

an operating margin of 11.1% make it more profitable than the average company (3.3%)

11.1% - Smithfield Murray Limited

3.3% - Industry AVG

employees

Employees

with 125 employees, this is similar to the industry average (113)

125 - Smithfield Murray Limited

113 - Industry AVG

paystructure

Pay Structure

on an average salary of £24.6k, the company has a lower pay structure (£31.2k)

£24.6k - Smithfield Murray Limited

£31.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £387.9k, this is more efficient (£232k)

£387.9k - Smithfield Murray Limited

£232k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is later than average (36 days)

50 days - Smithfield Murray Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 30 days, this is close to average (34 days)

30 days - Smithfield Murray Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (24 days)

6 days - Smithfield Murray Limited

24 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (12 weeks)

27 weeks - Smithfield Murray Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 46.4%, this is a lower level of debt than the average (54.4%)

46.4% - Smithfield Murray Limited

54.4% - Industry AVG

SMITHFIELD MURRAY LIMITED financials

EXPORTms excel logo

Smithfield Murray Limited's latest turnover from December 2023 is £38.5 million and the company has net assets of £9.8 million. According to their latest financial statements, Smithfield Murray Limited has 107 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover38,482,34548,483,02240,367,49824,665,50626,562,26022,214,20118,372,62421,280,27222,183,37023,423,22118,669,36113,252,71115,699,57514,311,30514,835,344
Other Income Or Grants000000000000000
Cost Of Sales30,165,99039,408,76835,090,50220,902,32823,408,34519,872,87716,491,28218,627,79219,584,96820,890,96916,402,52611,290,17813,426,88412,139,57612,305,233
Gross Profit8,316,3559,074,2545,276,9963,763,1783,153,9152,341,3241,881,3422,652,4802,598,4022,532,2522,266,8351,962,5332,272,6912,171,7292,530,111
Admin Expenses3,166,5293,680,9303,411,0612,760,5492,512,4802,095,7712,102,2672,062,3842,139,3742,105,0901,940,6881,626,4011,619,5721,545,7131,693,185
Operating Profit5,149,8265,393,3241,865,9351,002,629641,435245,553-220,925590,096459,028427,162326,147336,132653,119626,016836,926
Interest Payable7,40336,99949,93274,82916,42117,6476,11301,1265,90611,5234,0088,82810,35712,934
Interest Receivable34,91510,4212,32323241800003,590633688281,3610
Pre-Tax Profit5,177,3385,366,7461,818,326928,032625,432227,906-227,038590,096457,902424,846314,687332,492575,119547,020823,992
Tax-1,294,164-1,023,380-369,988-441,151-121,006-44,73640,244-124,886-94,877-92,484-73,148-70,694-24,524-26,647-239,266
Profit After Tax3,883,1744,343,3661,448,338486,881504,426183,170-186,794465,210363,025332,362241,539261,798550,595520,373584,726
Dividends Paid1,649,972105,303319,050239,686281,050215,050227,050277,050277,752116,300287,050234,415390,778139,68670,000
Retained Profit2,233,2024,238,0631,129,288247,195223,376-31,880-413,844188,16085,273216,062-45,51127,383159,817380,687514,726
Employee Costs2,623,8193,071,8482,947,8492,380,1601,726,7941,507,3491,544,7061,569,1401,653,8311,408,9521,288,1141,017,0321,012,636872,810933,375
Number Of Employees10712511010010482848764605653525149
EBITDA*5,507,2605,866,4412,289,1631,305,338857,025431,676-6,377756,228633,034602,646503,232443,575761,418817,1151,093,250

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets1,295,0371,244,3821,470,990941,212882,762549,685695,537299,067340,013468,949590,050742,128442,143489,232620,156
Intangible Assets370,00000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets1,665,0371,244,3821,470,990941,212882,762549,685695,537299,067340,013468,949590,050742,128442,143489,232620,156
Stock & work in progress549,530711,916701,116219,819183,160279,961301,517265,913182,821229,361200,231273,627150,154214,58698,662
Trade Debtors7,819,8326,689,2926,425,3604,769,8593,371,3272,953,5621,928,1322,159,1842,548,8892,910,7182,260,7641,759,3781,409,4821,286,5211,793,972
Group Debtors3,140,6501,986,6931,640,6501,640,6501,640,6501,640,6501,580,6501,580,6501,580,6501,490,6501,490,6501,490,6501,490,6501,490,6501,490,650
Misc Debtors238,247273,965294,069260,053290,119409,137369,356205,171167,838261,886154,099242,443476,002178,285113,055
Cash4,244,8243,255,929324,959165,990448,882167,55076,101670,144482,192808080807978
misc current assets000000000000000
total current assets15,993,08312,917,7959,386,1547,056,3715,934,1385,450,8604,255,7564,881,0624,962,3904,892,6954,105,8243,766,1783,526,3683,170,1213,496,417
total assets17,658,12014,162,17710,857,1447,997,5836,816,9006,000,5454,951,2935,180,1295,302,4035,361,6444,695,8744,508,3063,968,5113,659,3534,116,573
Bank overdraft000000000520,412356,132154,326246,612188,445245,876
Bank loan000000000000000
Trade Creditors 3,467,2313,326,4513,863,8252,457,8472,582,5152,687,4871,535,2051,567,3041,838,9281,557,8131,099,633964,032719,672648,598627,295
Group/Directors Accounts1,351,4531,130,8201,130,8201,130,8201,130,8201,130,8201,130,8201,130,8201,130,8201,130,8201,141,5311,130,8201,130,820980,8201,050,820
other short term finances000000000000000
hp & lease commitments174,317228,822371,384217,808196,958128,239128,23900000000
other current liabilities2,544,1231,491,8481,490,6191,579,910572,023240,853177,683280,496314,173205,605357,597466,584115,467242,922971,123
total current liabilities7,537,1246,177,9416,856,6485,386,3854,482,3164,187,3992,971,9472,978,6203,283,9213,414,6502,954,8932,715,7622,212,5712,060,7852,895,114
loans000000000000000
hp & lease commitments34,617145,100358,094274,191268,18750,006172,01200000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions260,775246,734288,063111,95688,5418,66020,9741,3056,43820,22330,27236,32427,10329,54833,126
total long term liabilities295,392391,834646,157386,147356,72858,666192,9861,3056,43820,22330,27236,32427,10329,54833,126
total liabilities7,832,5166,569,7757,502,8055,772,5324,839,0444,246,0653,164,9332,979,9253,290,3593,434,8732,985,1652,752,0862,239,6742,090,3332,928,240
net assets9,825,6047,592,4023,354,3392,225,0511,977,8561,754,4801,786,3602,200,2042,012,0441,926,7711,710,7091,756,2201,728,8371,569,0201,188,333
total shareholders funds9,825,6047,592,4023,354,3392,225,0511,977,8561,754,4801,786,3602,200,2042,012,0441,926,7711,710,7091,756,2201,728,8371,569,0201,188,333
Dec 2023Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit5,149,8265,393,3241,865,9351,002,629641,435245,553-220,925590,096459,028427,162326,147336,132653,119626,016836,926
Depreciation327,434473,117423,228302,709215,590186,123214,548166,132174,006175,484177,085107,443108,299191,099256,324
Amortisation30,00000000000000000
Tax-1,294,164-1,023,380-369,988-441,151-121,006-44,73640,244-124,886-94,877-92,484-73,148-70,694-24,524-26,647-239,266
Stock-151,58610,800481,29736,659-96,801-21,55635,60483,092-46,54029,130-73,396123,473-64,432115,92498,662
Debtors2,838,650589,8711,689,5171,368,466298,7471,125,211-66,867-352,372-365,877757,741413,042116,337420,678-442,2213,397,677
Creditors-396,594-537,3741,405,978-124,668-104,9721,152,282-32,099-271,624281,115458,180135,601244,36071,07421,303627,295
Accruals and Deferred Income1,053,5041,229-89,2911,007,887331,17063,170-102,813-33,677108,568-151,992-108,987351,117-127,455-728,201971,123
Deferred Taxes & Provisions-27,288-41,329176,10723,41579,881-12,31419,669-5,133-13,785-10,049-6,0529,221-2,445-3,57833,126
Cash flow from operations2,155,6543,664,9161,241,155365,696840,152486,423-50,113590,1881,326,47219,430111,000737,769321,822406,289-1,010,811
Investing Activities
capital expenditure-551,481-246,509000-4,775-249,493-128,96760,594-151,411-16,001-407,428-131,210-127,707-13,348
Change in Investments000000000000000
cash flow from investments-551,481-246,509000-4,775-249,493-128,96760,594-151,411-16,001-407,428-131,210-127,707-13,348
Financing Activities
Bank loans000000000000000
Group/Directors Accounts220,63300000000-10,71110,7110150,000-70,0001,050,820
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-520,544-355,556237,47926,854286,900-122,006300,25100000000
other long term liabilities000000000000000
share issue4,238,0630000000000000673,607
interest27,512-26,578-47,609-74,597-16,003-17,647-6,1130-1,126-2,316-11,460-3,640-8,000-8,996-12,934
cash flow from financing3,965,664-382,134189,870-47,743270,897-139,653294,1380-1,126-13,027-749-3,640142,000-78,9961,711,493
cash and cash equivalents
cash3,919,8652,930,970158,969-282,892281,33291,449-594,043187,952482,1120001178
overdraft00000000-520,412164,280201,806-92,28658,167-57,431245,876
change in cash3,919,8652,930,970158,969-282,892281,33291,449-594,043187,9521,002,524-164,280-201,80692,286-58,16657,432-245,798

smithfield murray limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Smithfield Murray Limited Competitor Analysis

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Perform a competitor analysis for smithfield murray limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BL6 area or any other competitors across 12 key performance metrics.

smithfield murray limited Ownership

SMITHFIELD MURRAY LIMITED group structure

Smithfield Murray Limited has no subsidiary companies.

Ultimate parent company

2 parents

SMITHFIELD MURRAY LIMITED

02110715

SMITHFIELD MURRAY LIMITED Shareholders

smithfield murray holdings ltd 100%

smithfield murray limited directors

Smithfield Murray Limited currently has 4 directors. The longest serving directors include Mr Damien Murray (Mar 1987) and Mr Martin Grady (Oct 2009).

officercountryagestartendrole
Mr Damien MurrayEngland62 years Mar 1987- Director
Mr Martin Grady57 years Oct 2009- Director
Mr Tariq HabibEngland56 years Mar 2023- Director
Miss Diane WalkerEngland52 years Mar 2023- Director

P&L

December 2023

turnover

38.5m

-5%

operating profit

5.1m

+176%

gross margin

21.7%

+65.32%

turnover

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

Balance Sheet

December 2023

net assets

9.8m

+1.93%

total assets

17.7m

+0.63%

cash

4.2m

+12.06%

net assets

Total assets minus all liabilities

smithfield murray limited company details

company number

02110715

Type

Private limited with Share Capital

industry

10130 - Production of meat and poultry meat products

incorporation date

March 1987

age

38

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

smithfield murray (manchester) limited (March 1997)

accountant

-

auditor

SUMER AUDITCO LIMITED

address

fourth floor, unit 5b the parklands, bolton, BL6 4SD

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

SLATER HEELIS LLP

smithfield murray 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 9 charges/mortgages relating to smithfield murray limited. Currently there are 2 open charges and 7 have been satisfied in the past.

smithfield murray 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.

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smithfield murray limited Companies House Filings - See Documents

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