Myti Mussels Limited

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myti mussels limited Company Information

Live

MatureMicroDeclining

Company Number

02140617

Next Accounts

Sep 2025

Industry

Marine fishing

Directors

Kim Mould

Valerie Mould

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Shareholders

crescent seafoods limited

valerie ann mould

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Group Structure

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Contact

Registered Address

port penrhyn, bangor, gwynedd, LL57 4HN

Website

http://ormroddiesels.com

myti mussels limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of MYTI MUSSELS LIMITED at £3.5m based on Net Assets of £1.8m and 1.96x industry multiple (adjusted for liquidity).

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Myti Mussels Limited is a live company located in gwynedd, LL57 4HN with a Companies House number of 02140617. It operates in the marine fishing sector, SIC Code 03110. Founded in June 1987, it's largest shareholder is crescent seafoods limited with a 50% stake. Myti Mussels Limited is a mature, micro sized company, Pomanda has estimated its turnover at £364.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Myti Mussels Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £364.3k, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.8%)

EXPORT

Myti Mussels Limited's latest turnover from December 2023 is estimated at £364.3 thousand and the company has net assets of £1.8 million. According to their latest financial statements, Myti Mussels Limited has 3 employees and maintains cash reserves of £53.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	364,275	1,080,145	410,414	585,102	561,635	845,624	537,270	235,539	4,351,158	3,395,240	8,257,365	2,566,460	3,409,719	2,624,830	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	272,388	830,087	284,058	426,440	418,813	627,288	393,859	173,075	3,363,846	2,269,433	6,458,197	2,062,333	2,900,353	2,104,112	0
Gross Profit	91,887	250,058	126,356	158,662	142,822	218,337	143,410	62,464	987,312	1,125,806	1,799,168	504,128	509,365	520,718	0
Admin Expenses	-260,866	630,493	539,853	341,082	3,320,043	238,350	-176,686	-522,163	-100,603	552,596	-1,268,060	-208,090	63,625	2,308,564	-2,967,339
Operating Profit	352,753	-380,435	-413,497	-182,420	-3,177,221	-20,013	320,096	584,627	1,087,915	573,210	3,067,228	712,218	445,740	-1,787,846	2,967,339
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,000	25,169	2,041	770	3,255	1,297	385	2,280	7,603	6,179	4,295	1,859	2,115	3,629	2,015
Pre-Tax Profit	369,753	-355,266	-411,456	-181,650	-3,173,966	-18,716	320,481	586,908	1,095,518	579,389	3,071,523	714,078	447,855	-1,784,217	2,969,354
Tax	-92,438	0	0	0	0	0	-60,891	-117,381	-219,103	-121,672	-706,450	-171,379	-116,442	0	-831,419
Profit After Tax	277,315	-355,266	-411,456	-181,650	-3,173,966	-18,716	259,590	469,526	876,414	457,717	2,365,073	542,699	331,413	-1,784,217	2,137,935
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	277,315	-355,266	-411,456	-181,650	-3,173,966	-18,716	259,590	469,526	876,414	457,717	2,365,073	542,699	331,413	-1,784,217	2,137,935
Employee Costs	124,711	166,847	273,073	351,020	287,409	265,395	164,709	60,985	374,534	384,088	903,364	196,007	271,668	327,854	0
Number Of Employees	3	4	7	8	7	7	5	2	10	11	26	6	9	11	0
EBITDA*	382,108	-112,455	-38,453	109,502	-2,871,246	311,804	665,365	945,785	1,452,985	776,592	3,091,946	830,320	767,515	-1,453,214	3,307,438

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	357,761	770,780	1,038,760	1,411,304	1,716,988	2,026,479	2,328,403	2,642,892	3,003,293	3,327,439	3,554,682	929,181	813,731	1,129,314	1,489,398
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	40	0	0	0	0	0	0	0	0	0	0	0	0	0	161,630
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	357,801	770,780	1,038,760	1,411,304	1,716,988	2,026,479	2,328,403	2,642,892	3,003,293	3,327,439	3,554,682	929,181	813,731	1,129,314	1,651,028
Stock & work in progress	0	0	0	0	0	0	0	0	0	27,300	0	0	0	0	0
Trade Debtors	0	152,024	10,018	32,120	39,287	41,213	47,262	25,393	627,743	132,416	127,266	117,711	106,956	102,501	277,489
Group Debtors	1,364,098	0	0	0	0	3,460,397	3,159,496	2,948,591	0	0	0	0	0	0	0
Misc Debtors	58,766	55,151	11,288	157,676	143,711	145,213	142,529	131,862	0	0	0	0	0	0	0
Cash	53,129	594,489	843,744	788,661	750,959	117,164	228,646	79,561	1,744,532	1,296,504	1,174,918	543,093	200,582	645,521	806,143
misc current assets	0	0	5,042	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,475,993	801,664	870,092	978,457	933,957	3,763,987	3,577,933	3,185,407	2,372,275	1,456,220	1,302,184	660,804	307,538	748,022	1,083,632
total assets	1,833,794	1,572,444	1,908,852	2,389,761	2,650,945	5,790,466	5,906,336	5,828,299	5,375,568	4,783,659	4,856,866	1,589,985	1,121,269	1,877,336	2,734,660
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	5,619	51,478	13,946	1,602	5,923	12,781	28,179	13,192	287,100	630,328	1,172,257	362,055	436,038	452,806	423,687
Group/Directors Accounts	35,226	2,852	0	0	0	32,966	16,192	0	0	0	0	0	0	1,025,737	34,013
other short term finances	0	0	0	0	0	0	0	0	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	438	2,918	7,375	106,241	155,170	55,260	120,970	301,470	0	0	0	0	0	0	0
total current liabilities	41,283	57,248	21,321	107,843	161,093	101,007	165,341	314,662	287,100	630,328	1,172,257	362,055	436,038	1,478,543	457,700
loans	0	0	0	0	0	0	0	0	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
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	17,069	0	26,284	51,925	84,745	116,977	161,334	102,611	91,606	0	0	44,975	138,925
total long term liabilities	0	0	17,069	0	26,284	51,925	84,745	116,977	161,334	102,611	91,606	0	0	44,975	138,925
total liabilities	41,283	57,248	38,390	107,843	187,377	152,932	250,086	431,639	448,434	732,939	1,263,863	362,055	436,038	1,523,518	596,625
net assets	1,792,511	1,515,196	1,870,462	2,281,918	2,463,568	5,637,534	5,656,250	5,396,660	4,927,134	4,050,720	3,593,003	1,227,930	685,231	353,818	2,138,035
total shareholders funds	1,792,511	1,515,196	1,870,462	2,281,918	2,463,568	5,637,534	5,656,250	5,396,660	4,927,134	4,050,720	3,593,003	1,227,930	685,231	353,818	2,138,035

	Dec 2023	Dec 2022	Dec 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	352,753	-380,435	-413,497	-182,420	-3,177,221	-20,013	320,096	584,627	1,087,915	573,210	3,067,228	712,218	445,740	-1,787,846	2,967,339
Depreciation	29,355	267,980	375,044	291,922	305,975	331,817	345,269	361,158	365,070	203,382	24,718	118,102	321,775	334,632	340,099
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-92,438	0	0	0	0	0	-60,891	-117,381	-219,103	-121,672	-706,450	-171,379	-116,442	0	-831,419
Stock	0	0	0	0	0	0	0	0	-27,300	27,300	0	0	0	0	0
Debtors	1,215,689	185,869	-168,490	6,798	-3,463,825	297,536	243,441	2,478,103	495,327	5,150	9,555	10,755	4,455	-174,988	277,489
Creditors	-45,859	37,532	12,344	-4,321	-6,858	-15,398	14,987	-273,908	-343,228	-541,929	810,202	-73,983	-16,768	29,119	423,687
Accruals and Deferred Income	-2,480	-4,457	-98,866	-48,929	99,910	-65,710	-180,500	301,470	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-17,069	17,069	-26,284	-25,641	-32,820	-32,232	-44,357	58,723	11,005	91,606	0	-44,975	-93,950	138,925
Cash flow from operations	-974,358	-282,318	60,584	23,170	659,990	-99,660	163,288	-1,666,494	481,350	91,546	3,277,749	574,203	584,875	-1,343,057	2,761,142
Investing Activities
capital expenditure	383,664	0	-2,500	13,762	3,516	-29,893	-30,780	-757	-40,924	23,861	-2,650,219	-233,552	-6,192	25,452	-1,829,497
Change in Investments	40	0	0	0	0	0	0	0	0	0	0	0	0	-161,630	161,630
cash flow from investments	383,624	0	-2,500	13,762	3,516	-29,893	-30,780	-757	-40,924	23,861	-2,650,219	-233,552	-6,192	187,082	-1,991,127
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	32,374	2,852	0	0	-32,966	16,774	16,192	0	0	0	0	0	-1,025,737	991,724	34,013
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	100
interest	17,000	25,169	2,041	770	3,255	1,297	385	2,280	7,603	6,179	4,295	1,859	2,115	3,629	2,015
cash flow from financing	49,374	28,021	2,041	770	-29,711	18,071	16,577	2,280	7,603	6,179	4,295	1,859	-1,023,622	995,353	36,128
cash and cash equivalents
cash	-541,360	-249,255	55,083	37,702	633,795	-111,482	149,085	-1,664,971	448,028	121,586	631,825	342,511	-444,939	-160,622	806,143
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-541,360	-249,255	55,083	37,702	633,795	-111,482	149,085	-1,664,971	448,028	121,586	631,825	342,511	-444,939	-160,622	806,143

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 myti mussels limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in LL57 area or any other competitors across 12 key performance metrics.

MYTI MUSSELS LIMITED group structure

Myti Mussels Limited has no subsidiary companies.

Ultimate parent company

MYTI MUSSELS LIMITED

02140617

MYTI MUSSELS LIMITED Shareholders

crescent seafoods limited	50%
valerie ann mould	25%
kim mould	25%

Myti Mussels Limited currently has 3 directors. The longest serving directors include Mr Kim Mould (Jun 1991) and Mrs Valerie Mould (Sep 1996).

officer	country	age	start	end	role
Mr Kim Mould		72 years	Jun 1991	-	Director
Mrs Valerie Mould		80 years	Sep 1996	-	Director
Mr Simon Dingemanse	Wales	65 years	Sep 2023	-	Director

P&L

December 2023

turnover

364.3k

-66%

operating profit

352.8k

gross margin

25.3%

+8.96%

turnover

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

Balance Sheet

December 2023

net assets

1.8m

+0.18%

total assets

1.8m

+0.17%

cash

53.1k

-0.91%

net assets

Total assets minus all liabilities

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company number

02140617

Type

Private limited with Share Capital

industry

03110 - Marine fishing

incorporation date

June 1987

ultimate parent company

None

previous names

rapid 3195 limited (August 1987)

address

port penrhyn, bangor, gwynedd, LL57 4HN

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 3 charges/mortgages relating to myti mussels limited. Currently there are 0 open charges and 3 have been satisfied in the past.

myti mussels limited Company Information

myti mussels limited Estimated Valuation

myti mussels limited Estimated Valuation

myti mussels limited Estimated Valuation

Myti Mussels Limited Overview

Myti Mussels Limited Health Check

MYTI MUSSELS LIMITED financials

myti mussels limited Credit Report and Business Information

Myti Mussels Limited Competitor Analysis

myti mussels limited Ownership

myti mussels limited directors

myti mussels limited company details

myti mussels limited Charges & Mortgages

myti mussels limited Companies House Filings - See Documents