Market Resources Limited

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market resources limited Company Information

Live

MatureMicroDeclining

Company Number

02850316

Website

http://dispatchit-couriers.co.uk

Registered Address

unit 4 radcliffe court, radcliffe road, southampton, hampshire, SO14 0PH

Industry

Unlicensed Carriers

Telephone

02380632409

Next Accounts Due

June 2025

Group Structure

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Directors

Catherine Whistance18 Years

Shareholders

catherine whistance 100%

market resources limited Estimated Valuation

£292.4k

Pomanda estimates the enterprise value of MARKET RESOURCES LIMITED at £292.4k based on Net Assets of £70.9k and 4.12x industry multiple (adjusted for liquidity).

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Market Resources Limited is a live company located in southampton, SO14 0PH with a Companies House number of 02850316. It operates in the other postal and courier activities sector, SIC Code 53202. Founded in September 1993, it's largest shareholder is catherine whistance with a 100% stake. Market Resources Limited is a mature, micro sized company, Pomanda has estimated its turnover at £220.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Market Resources Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £220.1k, make it larger than the average company (£158.4k)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (5.3%)

EXPORT

Market Resources Limited's latest turnover from September 2023 is estimated at £220.1 thousand and the company has net assets of £70.9 thousand. According to their latest financial statements, Market Resources Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	220,107	305,335	272,167	363,362	513,106	353,354	328,674	346,481	409,402	549,741	304,420	155,854	192,293	274,173	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	168,227	252,401	216,871	280,135	395,223	266,089	250,773	268,028	327,361	442,484	252,683	128,835	162,656	216,390	0
Gross Profit	51,880	52,934	55,295	83,227	117,883	87,265	77,901	78,453	82,041	107,257	51,738	27,019	29,637	57,783	0
Admin Expenses	54,593	48,120	102,167	87,744	124,963	85,656	63,114	60,235	88,151	61,793	59,682	39,412	37,687	56,702	-83,848
Operating Profit	-2,713	4,814	-46,872	-4,517	-7,080	1,609	14,787	18,218	-6,110	45,464	-7,944	-12,393	-8,050	1,081	83,848
Interest Payable	0	0	0	1,038	2,039	1,325	1,185	1,927	2,736	3,430	2,932	2,308	1,510	1,673	1,423
Interest Receivable	0	0	17	17	0	3	7	26	107	112	57	21	25	46	31
Pre-Tax Profit	-2,713	4,814	-46,855	-5,538	-9,119	286	13,609	16,318	-8,739	42,146	-10,819	-14,680	-9,535	-546	82,456
Tax	0	-915	0	0	0	-54	-2,586	-3,263	0	-8,851	0	0	0	0	-23,088
Profit After Tax	-2,713	3,899	-46,855	-5,538	-9,119	232	11,023	13,054	-8,739	33,295	-10,819	-14,680	-9,535	-546	59,368
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,713	3,899	-46,855	-5,538	-9,119	232	11,023	13,054	-8,739	33,295	-10,819	-14,680	-9,535	-546	59,368
Employee Costs	26,292	27,628	25,044	26,087	44,588	51,489	61,572	68,324	34,051	28,806	29,863	29,501	26,250	56,503	0
Number Of Employees	1	1	1	1	2	2	2	2	1	1	1	1	1	2	0
EBITDA*	765	8,293	-43,392	-813	-3,625	2,352	15,280	18,559	-5,709	50,591	-5,302	-10,783	-3,783	3,882	89,122

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	97,088	100,566	104,045	107,525	110,338	110,419	115,731	112,945	112,272	51,530	53,140	54,750	56,360	60,627	62,413
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	2,828
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	97,088	100,566	104,045	107,525	110,338	110,419	115,731	112,945	112,272	51,530	53,140	54,750	56,360	60,627	65,241
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	52,006	72,327	75,888	74,841	117,536	96,286	102,511	104,409	100,789	112,495	64,678	40,486	49,516	68,434	59,397
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	15,522	10,876	2,313	4,211	1,465	1,165	1,056	5,062	8,431	0	0
Cash	0	0	0	33,294	0	0	691	4,507	16,470	26,398	18,507	4,114	4,098	5,959	12,295
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	52,006	72,327	75,888	108,135	133,058	107,162	105,515	113,127	118,724	140,058	84,241	49,662	62,045	74,393	71,692
total assets	149,094	172,893	179,933	215,660	243,396	217,581	221,246	226,072	230,996	191,588	137,381	104,412	118,405	135,020	136,933
Bank overdraft	0	0	0	0	34,026	26,397	12,858	13,245	13,245	13,236	11,584	7,673	7,673	7,673	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	38,850	53,048	57,100	53,268	37,818	21,026	15,287	15,210	19,829	22,250	8,356	2,792	4,952	9,545	33,676
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	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	0	0	0	0	52,337	41,058	55,212	59,154	67,594	64,587	47,153	34,686	25,285	22,896	0
total current liabilities	38,850	53,048	57,100	53,268	124,181	88,481	83,357	87,609	100,668	100,073	67,093	45,151	37,910	40,114	33,676
loans	0	0	0	0	0	0	0	11,808	23,363	34,332	46,400	24,554	31,108	0	43,789
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	35,990	42,217	48,443	50,000	0	0	0	0	0	0	0	0	0	35,984	0
provisions	3,306	3,967	4,628	5,289	5,823	5,838	6,847	6,636	0	0	0	0	0	0	0
total long term liabilities	39,296	46,184	53,071	55,289	5,823	5,838	6,847	18,444	23,363	34,332	46,400	24,554	31,108	35,984	43,789
total liabilities	78,146	99,232	110,171	108,557	130,004	94,319	90,204	106,053	124,031	134,405	113,493	69,705	69,018	76,098	77,465
net assets	70,948	73,661	69,762	107,103	113,392	123,262	131,042	120,019	106,965	57,183	23,888	34,707	49,387	58,922	59,468
total shareholders funds	70,948	73,661	69,762	107,103	113,392	123,262	131,042	120,019	106,965	57,183	23,888	34,707	49,387	58,922	59,468

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-2,713	4,814	-46,872	-4,517	-7,080	1,609	14,787	18,218	-6,110	45,464	-7,944	-12,393	-8,050	1,081	83,848
Depreciation	3,478	3,479	3,480	3,704	3,455	743	493	341	401	5,127	2,642	1,610	4,267	2,801	5,274
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-915	0	0	0	-54	-2,586	-3,263	0	-8,851	0	0	0	0	-23,088
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-20,321	-3,561	1,047	-58,217	25,896	2,338	-3,796	6,366	-11,406	47,926	20,186	-12,399	-10,487	9,037	59,397
Creditors	-14,198	-4,052	3,832	15,450	16,792	5,739	77	-4,619	-2,421	13,894	5,564	-2,160	-4,593	-24,131	33,676
Accruals and Deferred Income	0	0	0	-52,337	11,279	-14,154	-3,942	-8,440	3,007	17,434	12,467	9,401	2,389	22,896	0
Deferred Taxes & Provisions	-661	-661	-661	-534	-15	-1,009	211	6,636	0	0	0	0	0	0	0
Cash flow from operations	6,227	6,226	-41,268	19,983	-1,465	-9,464	12,836	2,507	6,283	25,142	-7,457	8,857	4,500	-6,390	40,313
Investing Activities
capital expenditure	0	0	0	-891	-3,374	4,569	-3,279	-1,014	-61,143	-3,517	-1,032	0	0	-1,015	-67,687
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-2,828	2,828
cash flow from investments	0	0	0	-891	-3,374	4,569	-3,279	-1,014	-61,143	-3,517	-1,032	0	0	1,813	-70,515
Financing Activities
Bank loans	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-11,808	-11,555	-10,969	-12,068	21,846	-6,554	31,108	-43,789	43,789
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-6,227	-6,226	-1,557	50,000	0	0	0	0	0	0	0	0	-35,984	35,984	0
share issue	0	0	9,514	-751	-751	-8,012	0	0	58,521	0	0	0	0	0	100
interest	0	0	17	-1,021	-2,039	-1,322	-1,178	-1,901	-2,629	-3,318	-2,875	-2,287	-1,485	-1,627	-1,392
cash flow from financing	-6,227	-6,226	7,974	48,228	-2,790	-9,334	-12,986	-13,456	44,923	-15,386	18,971	-8,841	-6,361	-9,432	42,497
cash and cash equivalents
cash	0	0	-33,294	33,294	0	-691	-3,816	-11,963	-9,928	7,891	14,393	16	-1,861	-6,336	12,295
overdraft	0	0	0	-34,026	7,629	13,539	-387	0	9	1,652	3,911	0	0	7,673	0
change in cash	0	0	-33,294	67,320	-7,629	-14,230	-3,429	-11,963	-9,937	6,239	10,482	16	-1,861	-14,009	12,295

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARKET RESOURCES LIMITED group structure

Market Resources Limited has no subsidiary companies.

Ultimate parent company

MARKET RESOURCES LIMITED

02850316

MARKET RESOURCES LIMITED Shareholders

catherine whistance

100%

Market Resources Limited currently has 1 director, Mrs Catherine Whistance serving since Jul 2006.

officer	country	age	start	end	role
Mrs Catherine Whistance	England	59 years	Jul 2006	-	Director

P&L

September 2023

turnover

220.1k

-28%

operating profit

-2.7k

gross margin

23.6%

+35.96%

turnover

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

Balance Sheet

September 2023

net assets

70.9k

-0.04%

total assets

149.1k

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

02850316

Type

Private limited with Share Capital

industry

53202 - Unlicensed Carriers

incorporation date

September 1993

ultimate parent company

None

previous names

N/A

address

unit 4 radcliffe court, radcliffe road, southampton, hampshire, SO14 0PH

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 4 charges/mortgages relating to market resources limited. Currently there are 4 open charges and 0 have been satisfied in the past.

market resources limited Company Information

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market resources limited Estimated Valuation

market resources limited Estimated Valuation

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MARKET RESOURCES LIMITED financials

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