masstock arable (uk) limited

3.5

masstock arable (uk) limited Company Information

Share MASSTOCK ARABLE (UK) LIMITED
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Company Number

02387531

Registered Address

andoversford, cheltenham, gloucestershire, GL54 4LZ

Industry

Support activities for crop production

 

Telephone

01242821100

Next Accounts Due

April 2024

Group Structure

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Directors

Ronan Hughes14 Years

Spencer Evans7 Years

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Shareholders

oval (1173) ltd 100%

masstock arable (uk) limited Estimated Valuation

£199.1m

Pomanda estimates the enterprise value of MASSTOCK ARABLE (UK) LIMITED at £199.1m based on a Turnover of £392.9m and 0.51x industry multiple (adjusted for size and gross margin).

masstock arable (uk) limited Estimated Valuation

£47m

Pomanda estimates the enterprise value of MASSTOCK ARABLE (UK) LIMITED at £47m based on an EBITDA of £7.4m and a 6.39x industry multiple (adjusted for size and gross margin).

masstock arable (uk) limited Estimated Valuation

£43m

Pomanda estimates the enterprise value of MASSTOCK ARABLE (UK) LIMITED at £43m based on Net Assets of £40.8m and 1.05x industry multiple (adjusted for liquidity).

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Masstock Arable (uk) Limited AI Business Plan

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Masstock Arable (uk) Limited Overview

Masstock Arable (uk) Limited is a live company located in gloucestershire, GL54 4LZ with a Companies House number of 02387531. It operates in the support activities for crop production sector, SIC Code 01610. Founded in May 1989, it's largest shareholder is oval (1173) ltd with a 100% stake. Masstock Arable (uk) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £392.9m with healthy growth in recent years.

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Masstock Arable (uk) Limited Health Check

Pomanda's financial health check has awarded Masstock Arable (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £392.9m, make it larger than the average company (£5.2m)

£392.9m - Masstock Arable (uk) Limited

£5.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2%)

5% - Masstock Arable (uk) Limited

2% - Industry AVG

production

Production

with a gross margin of 20.4%, this company has a comparable cost of product (20.4%)

20.4% - Masstock Arable (uk) Limited

20.4% - Industry AVG

profitability

Profitability

an operating margin of 1.2% make it less profitable than the average company (5%)

1.2% - Masstock Arable (uk) Limited

5% - Industry AVG

employees

Employees

with 713 employees, this is above the industry average (19)

713 - Masstock Arable (uk) Limited

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £66.8k, the company has a higher pay structure (£49.3k)

£66.8k - Masstock Arable (uk) Limited

£49.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £551k, this is more efficient (£274.8k)

£551k - Masstock Arable (uk) Limited

£274.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 97 days, this is later than average (56 days)

97 days - Masstock Arable (uk) Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 124 days, this is slower than average (44 days)

124 days - Masstock Arable (uk) Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 62 days, this is more than average (51 days)

62 days - Masstock Arable (uk) Limited

51 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (10 weeks)

1 weeks - Masstock Arable (uk) Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 88.8%, this is a higher level of debt than the average (54.5%)

88.8% - Masstock Arable (uk) Limited

54.5% - Industry AVG

masstock arable (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Masstock Arable (uk) Limited Competitor Analysis

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Perform a competitor analysis for masstock arable (uk) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

masstock arable (uk) limited Ownership

MASSTOCK ARABLE (UK) LIMITED group structure

Masstock Arable (Uk) Limited has 6 subsidiary companies.

MASSTOCK ARABLE (UK) LIMITED Shareholders

oval (1173) ltd 100%

masstock arable (uk) limited directors

Masstock Arable (Uk) Limited currently has 5 directors. The longest serving directors include Mr Ronan Hughes (Feb 2010) and Mr Spencer Evans (Feb 2017).

officercountryagestartendrole
Mr Ronan HughesEngland55 years Feb 2010- Director
Mr Spencer EvansEngland54 years Feb 2017- Director
Mr Sean Coyle51 years Oct 2018- Director
Mr Thomas KellyIreland50 years Apr 2021- Director
Mr Lee WoodallEngland48 years Mar 2023- Director

MASSTOCK ARABLE (UK) LIMITED financials

EXPORTms excel logo

Masstock Arable (Uk) Limited's latest turnover from July 2022 is £392.9 million and the company has net assets of £40.8 million. According to their latest financial statements, Masstock Arable (Uk) Limited has 713 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover392,876,000300,299,000285,692,000342,829,000302,396,000297,036,000290,034,000319,095,000338,585,000323,363,000361,496,000333,097,000288,315,000283,978,000
Other Income Or Grants00000000000000
Cost Of Sales312,633,000233,544,000216,761,000269,142,000234,799,000231,864,000230,120,000253,918,000271,736,000257,509,000292,511,000272,352,000230,925,000235,948,000
Gross Profit80,243,00066,755,00068,931,00073,687,00067,597,00065,172,00059,914,00065,177,00066,849,00065,854,00068,985,00060,745,00057,390,00048,030,000
Admin Expenses75,711,00058,186,00061,871,00062,911,00055,512,00059,593,00057,093,00054,951,00055,566,00055,012,00053,226,00047,158,00044,300,00038,349,000
Operating Profit4,532,0008,569,0007,060,00010,776,00012,085,0005,579,0002,821,00010,226,00011,283,00010,842,00015,759,00013,587,00013,090,0009,681,000
Interest Payable2,302,0001,827,0002,051,0002,205,0001,686,0001,968,0002,044,0001,902,0001,978,0001,687,0001,830,0002,201,0002,144,000790,000
Interest Receivable783,000789,0001,062,0001,453,0001,232,0001,199,0001,535,0001,628,0001,913,0001,583,0001,681,0001,582,0001,405,000837,000
Pre-Tax Profit7,866,00013,318,0006,073,00012,126,00012,553,000-2,031,0005,222,0006,977,00012,769,00013,115,00021,694,00015,553,00017,201,00012,838,000
Tax-944,000-1,876,000-1,877,000-2,470,000-600,0001,029,000-479,000715,000-3,124,000-431,000-4,798,000-6,748,000-293,000-3,131,000
Profit After Tax6,922,00011,442,0004,196,0009,656,00011,953,000-1,002,0004,743,0007,692,0009,645,00012,684,00016,896,0008,805,00016,908,0009,707,000
Dividends Paid0015,000,000000034,400,0000010,000,00024,361,00000
Retained Profit6,922,00011,442,000-10,804,0009,656,00011,953,000-1,002,0004,743,000-26,708,0009,645,00012,684,0006,896,000-15,556,00016,908,0009,707,000
Employee Costs47,635,00039,552,00037,914,00041,819,00036,290,00040,425,00038,350,00036,177,00035,075,00032,131,00032,048,00027,593,00027,071,00022,790,000
Number Of Employees713697648665672667655663616604614594591446
EBITDA*7,360,00015,318,00013,602,00013,681,00015,017,0008,446,0005,571,00013,015,00013,547,00013,036,00017,820,00015,825,00015,444,00011,258,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets41,006,00040,428,00035,492,00018,718,00018,371,00018,349,00018,073,00018,073,00017,509,00011,872,0009,652,0009,477,0008,899,0005,181,000
Intangible Assets7,992,0008,608,0008,633,0008,321,0009,157,0009,633,00010,001,0008,186,0008,193,0008,757,0009,546,0009,645,00010,428,0003,283,000
Investments & Other21,013,00018,526,00018,576,00021,190,00017,167,00017,165,0006,870,0001,965,0001,647,0001,320,000895,00010,523,0004,453,00015,406,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets70,011,00067,562,00062,701,00048,229,00044,695,00045,147,00034,944,00028,224,00027,349,00021,949,00020,093,00029,645,00023,780,00023,870,000
Stock & work in progress53,412,00035,007,00035,614,00034,205,00034,835,00035,157,00039,016,00037,546,00036,419,00028,398,00023,080,00022,598,00018,628,00012,016,000
Trade Debtors105,021,00086,617,00071,879,00099,187,00086,794,00081,413,00094,347,00093,803,00093,911,00095,428,00083,832,00080,347,00073,727,00058,713,000
Group Debtors126,573,000100,389,000111,039,00086,284,00076,159,00065,353,00090,842,00086,306,000131,148,00093,415,00042,761,00027,391,00029,472,0004,385,000
Misc Debtors4,249,0002,678,0003,794,0005,652,0005,733,0005,185,0004,695,0002,995,0006,528,0003,907,0001,968,0002,824,0002,177,0001,677,000
Cash6,110,0003,224,0003,733,0007,029,00016,383,00020,359,0006,942,00012,354,0002,052,0005,492,00011,394,0005,387,0004,799,00020,105,000
misc current assets00000000000000
total current assets295,365,000227,915,000226,059,000232,357,000219,904,000207,467,000235,842,000233,004,000270,058,000226,640,000163,035,000138,547,000128,803,00096,896,000
total assets365,376,000295,477,000288,760,000280,586,000264,599,000252,614,000270,786,000261,228,000297,407,000248,589,000183,128,000168,192,000152,583,000120,766,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 106,527,00081,720,00091,039,000115,357,000107,983,000106,685,000120,739,000126,083,000127,402,000122,691,00098,290,00094,417,00079,931,00075,402,000
Group/Directors Accounts148,945,000125,971,000126,857,00097,589,00090,853,00090,748,00092,034,00082,063,00087,079,00063,189,00033,185,00028,242,00013,276,00010,067,000
other short term finances00001,000002,000000000
hp & lease commitments4,386,0004,174,0004,347,000104,00026,00025,0000101,000106,000100,000175,000268,000367,000418,000
other current liabilities36,450,00029,804,00024,749,00032,992,00027,059,00027,567,00029,040,00030,131,00032,845,00022,218,00024,097,00023,140,00022,207,00014,287,000
total current liabilities296,308,000241,669,000246,992,000246,042,000225,922,000225,025,000241,813,000238,380,000247,432,000208,198,000155,747,000146,067,000115,781,000100,174,000
loans11,386,0004,880,0005,375,0001,300,000200,000490,000815,0000000000
hp & lease commitments11,923,00012,278,00011,345,000353,000131,000156,00000101,000199,000292,000455,000261,000176,000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions4,942,0003,168,0002,211,0000000184,000410,00069,00040,00000100,000
total long term liabilities28,251,00020,578,00022,477,0005,409,0002,270,0004,627,0006,444,0002,234,000511,000268,000332,000455,000261,000276,000
total liabilities324,559,000262,247,000269,469,000251,451,000228,192,000229,652,000248,257,000240,614,000247,943,000208,466,000156,079,000146,522,000116,042,000100,450,000
net assets40,817,00033,230,00019,291,00029,135,00036,407,00022,962,00022,529,00020,614,00049,464,00040,123,00027,049,00021,670,00036,541,00020,316,000
total shareholders funds40,817,00033,230,00019,291,00029,135,00036,407,00022,962,00022,529,00020,614,00049,464,00040,123,00027,049,00021,670,00036,541,00020,316,000
Jul 2022Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit4,532,0008,569,0007,060,00010,776,00012,085,0005,579,0002,821,00010,226,00011,283,00010,842,00015,759,00013,587,00013,090,0009,681,000
Depreciation2,444,0006,265,0006,068,0001,827,0001,763,0001,715,0001,697,0001,909,0001,389,0001,345,0001,265,0001,455,0001,537,0001,081,000
Amortisation384,000484,000474,0001,078,0001,169,0001,152,0001,053,000880,000875,000849,000796,000783,000817,000496,000
Tax-944,000-1,876,000-1,877,000-2,470,000-600,0001,029,000-479,000715,000-3,124,000-431,000-4,798,000-6,748,000-293,000-3,131,000
Stock18,405,000-607,0001,409,000-630,000-322,000-3,859,0001,470,0001,127,0008,021,0005,318,000482,0003,970,0006,612,00012,016,000
Debtors46,159,0002,972,000-4,411,00022,437,00016,735,000-37,933,0006,780,000-48,483,00038,837,00064,189,00017,999,0005,186,00040,601,00064,775,000
Creditors24,807,000-9,319,000-24,318,0007,374,0001,298,000-14,054,000-5,344,000-1,319,0004,711,00024,401,0003,873,00014,486,0004,529,00075,402,000
Accruals and Deferred Income6,646,0005,055,000-8,243,0005,933,000-508,000-1,473,000-1,091,000-2,714,00010,627,000-1,879,000957,000933,0007,920,00014,287,000
Deferred Taxes & Provisions1,774,000957,0002,211,000000-184,000-226,000341,00029,00040,0000-100,000100,000
Cash flow from operations-24,921,0007,770,000-15,623,0002,711,000-1,206,00035,740,000-9,777,00056,827,000-20,756,000-34,351,000-589,00015,340,000-19,713,00021,125,000
Investing Activities
capital expenditure-2,790,000-11,660,000-23,628,000-2,416,000-2,478,000-2,775,000-4,565,000-3,346,000-7,337,000-3,625,000-2,137,000-2,033,000-13,217,000-10,041,000
Change in Investments2,487,000-50,000-2,614,0004,023,0002,00010,295,0004,905,000318,000327,000425,000-9,628,0006,070,000-10,953,00015,406,000
cash flow from investments-5,277,000-11,610,000-21,014,000-6,439,000-2,480,000-13,070,000-9,470,000-3,664,000-7,664,000-4,050,0007,491,000-8,103,000-2,264,000-25,447,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts22,974,000-886,00029,268,0006,736,000105,000-1,286,0009,971,000-5,016,00023,890,00030,004,0004,943,00014,966,0003,209,00010,067,000
Other Short Term Loans 000-1,0001,0000-2,0002,000000000
Long term loans6,506,000-495,0004,075,0001,100,000-290,000-325,000815,0000000000
Hire Purchase and Lease Commitments-143,000760,00015,235,000300,000-24,000181,000-101,000-106,000-92,000-168,000-256,00095,00034,000594,000
other long term liabilities00000000000000
share issue665,0002,497,000960,000-16,928,0001,492,0001,435,000-2,828,000-2,142,000-304,000390,000-1,517,000685,000-683,00010,609,000
interest-1,519,000-1,038,000-989,000-752,000-454,000-769,000-509,000-274,000-65,000-104,000-149,000-619,000-739,00047,000
cash flow from financing28,483,000838,00048,549,000-9,545,000830,000-764,0007,346,000-7,536,00023,429,00030,122,0003,021,00015,127,0001,821,00021,317,000
cash and cash equivalents
cash2,886,000-509,000-3,296,000-9,354,000-3,976,00013,417,000-5,412,00010,302,000-3,440,000-5,902,0006,007,000588,000-15,306,00020,105,000
overdraft00000000000000
change in cash2,886,000-509,000-3,296,000-9,354,000-3,976,00013,417,000-5,412,00010,302,000-3,440,000-5,902,0006,007,000588,000-15,306,00020,105,000

P&L

July 2022

turnover

392.9m

+31%

operating profit

4.5m

-47%

gross margin

20.5%

-8.12%

turnover

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

Balance Sheet

July 2022

net assets

40.8m

+0.23%

total assets

365.4m

+0.24%

cash

6.1m

+0.9%

net assets

Total assets minus all liabilities

masstock arable (uk) limited company details

company number

02387531

Type

Private limited with Share Capital

industry

01610 - Support activities for crop production

incorporation date

May 1989

age

35

accounts

Full Accounts

ultimate parent company

ORIGIN ENTERPRISES PUBLIC LIMITED COMPAN

previous names

jointbeam limited (February 1990)

incorporated

UK

address

andoversford, cheltenham, gloucestershire, GL54 4LZ

last accounts submitted

July 2022

masstock arable (uk) 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 19 charges/mortgages relating to masstock arable (uk) limited. Currently there are 0 open charges and 19 have been satisfied in the past.

charges

masstock arable (uk) limited Companies House Filings - See Documents

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