M.j.i. Farming Limited

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m.j.i. farming limited Company Information

Company Number

03056444

Next Accounts

Jun 2025

Directors

Malcolm Isaac

Andrew Bays

Shareholders

malcolm john isaac

Group Structure

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Industry

Growing of cereals (except rice), leguminous crops and oil seeds

Registered Address

abbey house, warnford, southampton, hampshire, SO32 3LB

Website

mjifarming.co.uk

m.j.i. farming limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of M.J.I. FARMING LIMITED at £2.2m based on Net Assets of £1.5m and 1.5x industry multiple (adjusted for liquidity).

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M.j.i. Farming Limited is a live company located in southampton, SO32 3LB with a Companies House number of 03056444. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in May 1995, it's largest shareholder is malcolm john isaac with a 100% stake. M.j.i. Farming Limited is a mature, small sized company, Pomanda has estimated its turnover at £547.1k with low growth in recent years.

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Pomanda's financial health check has awarded M.J.I. Farming Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £547.1k, make it smaller than the average company (£4.9m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (8%)

EXPORT

M.J.I. Farming Limited's latest turnover from September 2023 is estimated at £547.1 thousand and the company has net assets of £1.5 million. According to their latest financial statements, M.J.I. Farming Limited has 8 employees and maintains cash reserves of £90.3 thousand 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	547,090	496,969	613,487	538,214	317,576	436,927	325,450	357,742	805,108	902,266	588,757	1,427,290	311,275	1,506,911
Other Income Or Grants
Cost Of Sales	385,329	354,342	450,870	393,801	224,105	314,281	223,494	252,220	552,147	608,848	394,652	908,276	196,674	965,755
Gross Profit	161,761	142,626	162,617	144,413	93,471	122,647	101,956	105,522	252,960	293,417	194,105	519,014	114,601	541,155
Admin Expenses	334,777	248,581	353,138	223,053	184,649	169,079	170,109	131,815	343,175	458,362	314,852	71,339	252,415	731,405	1,100,821
Operating Profit	-173,016	-105,955	-190,521	-78,640	-91,178	-46,432	-68,153	-26,293	-90,215	-164,945	-120,747	447,675	-137,814	-190,250	-1,100,821
Interest Payable									228	228
Interest Receivable	4,334	949	18	21	207	285	86	271	463	458	610	214	200	237	100
Pre-Tax Profit	-168,682	-105,006	-190,503	-78,619	-90,971	-46,147	-68,067	-26,022	-89,980	-164,715	-120,138	447,888	-137,614	-190,013	-1,100,721
Tax												-107,493
Profit After Tax	-168,682	-105,006	-190,503	-78,619	-90,971	-46,147	-68,067	-26,022	-89,980	-164,715	-120,138	340,395	-137,614	-190,013	-1,100,721
Dividends Paid
Retained Profit	-168,682	-105,006	-190,503	-78,619	-90,971	-46,147	-68,067	-26,022	-89,980	-164,715	-120,138	340,395	-137,614	-190,013	-1,100,721
Employee Costs	289,778	264,362	284,488	272,273	251,079	226,406	223,893	231,046	175,268	193,156	143,047	322,686	85,264	353,369
Number Of Employees	8	8	8	9	8	8	8	8	6	7	5	11	3	13
EBITDA*	-144,210	-80,832	-165,538	-54,444	-71,142	-23,909	-43,968	-575	-59,802	-129,031	-81,947	490,052	-95,954	-146,696	-1,060,084

* 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	1,997,424	2,010,100	2,032,173	2,043,358	2,067,554	2,087,590	2,063,049	2,087,234	2,112,952	2,137,458	2,166,535	2,189,844	2,221,186	2,142,718	2,021,518
Intangible Assets
Investments & Other	1,177,244	1,177,244	1,177,244	1,177,244	1,177,244	1,177,244	845,354
Debtors (Due After 1 year)
Total Fixed Assets	3,174,668	3,187,344	3,209,417	3,220,602	3,244,798	3,264,834	2,908,403	2,087,234	2,112,952	2,137,458	2,166,535	2,189,844	2,221,186	2,142,718	2,021,518
Stock & work in progress	187,161	223,047	134,155	179,535	123,599	130,803	142,414	160,693	123,515	82,209	91,931	78,677	75,750	86,811	71,896
Trade Debtors	19,840	15,581	70,882		1,045	52,016	4,417	6,978	86,547	207,450	126,542	358,171	57,856	54,512	73,886
Group Debtors
Misc Debtors	13,144	40,301	59,129	68,365	53,336	54,145	63,874	64,149
Cash	90,266	74,828	9,548	25,527	16,938	38,223	37,905	31,268	185,372		183,382	60,417	24,985	55,039	39,820
misc current assets
total current assets	310,411	353,757	273,714	273,427	194,918	275,187	248,610	263,088	395,434	289,659	401,855	497,265	158,591	196,362	185,602
total assets	3,485,079	3,541,101	3,483,131	3,494,029	3,439,716	3,540,021	3,157,013	2,350,322	2,508,386	2,427,117	2,568,390	2,687,109	2,379,777	2,339,080	2,207,120
Bank overdraft										7,021
Bank loan
Trade Creditors	34,714	26,785	23,683	19,399	11,745	10,877	18,314	25,809	237,839	59,569	43,148	41,729	74,792	829,814	507,841
Group/Directors Accounts						1,387,001	954,629	55,281
other short term finances
hp & lease commitments
other current liabilities	1,953,835	1,849,104	1,689,230	1,513,909	1,388,631	11,832	7,612	24,707
total current liabilities	1,988,549	1,875,889	1,712,913	1,533,308	1,400,376	1,409,710	980,555	105,797	237,839	66,590	43,148	41,729	74,792	829,814	507,841
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	1,988,549	1,875,889	1,712,913	1,533,308	1,400,376	1,409,710	980,555	105,797	237,839	66,590	43,148	41,729	74,792	829,814	507,841
net assets	1,496,530	1,665,212	1,770,218	1,960,721	2,039,340	2,130,311	2,176,458	2,244,525	2,270,547	2,360,527	2,525,242	2,645,380	2,304,985	1,509,266	1,699,279
total shareholders funds	1,496,530	1,665,212	1,770,218	1,960,721	2,039,340	2,130,311	2,176,458	2,244,525	2,270,547	2,360,527	2,525,242	2,645,380	2,304,985	1,509,266	1,699,279

	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	-173,016	-105,955	-190,521	-78,640	-91,178	-46,432	-68,153	-26,293	-90,215	-164,945	-120,747	447,675	-137,814	-190,250	-1,100,821
Depreciation	28,806	25,123	24,983	24,196	20,036	22,523	24,185	25,718	30,413	35,914	38,800	42,377	41,860	43,554	40,737
Amortisation
Tax												-107,493
Stock	-35,886	88,892	-45,380	55,936	-7,204	-11,611	-18,279	37,178	41,306	-9,722	13,254	2,927	-11,061	14,915	71,896
Debtors	-22,898	-74,129	61,646	13,984	-51,780	37,870	-2,836	-15,420	-120,903	80,908	-231,629	300,315	3,344	-19,374	73,886
Creditors	7,929	3,102	4,284	7,654	868	-7,437	-7,495	-212,030	178,270	16,421	1,419	-33,063	-755,022	321,973	507,841
Accruals and Deferred Income	104,731	159,874	175,321	125,278	1,376,799	4,220	-17,095	24,707
Deferred Taxes & Provisions
Cash flow from operations	27,234	67,381	-2,199	8,568	1,365,509	-53,385	-47,443	-209,656	198,065	-183,796	137,847	46,254	-843,259	179,736	-698,025
Investing Activities
capital expenditure	-16,130	-3,050	-13,798			-47,064			-5,907	-6,837	-15,491	-11,035	-120,328	-164,754	-2,062,255
Change in Investments						331,890	845,354
cash flow from investments	-16,130	-3,050	-13,798			-378,954	-845,354		-5,907	-6,837	-15,491	-11,035	-120,328	-164,754	-2,062,255
Financing Activities
Bank loans
Group/Directors Accounts					-1,387,001	432,372	899,348	55,281
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue													933,333		2,800,000
interest	4,334	949	18	21	207	285	86	271	235	230	610	214	200	237	100
cash flow from financing	4,334	949	18	21	-1,386,794	432,657	899,434	55,552	235	230	610	214	933,533	237	2,800,100
cash and cash equivalents
cash	15,438	65,280	-15,979	8,589	-21,285	318	6,637	-154,104	185,372	-183,382	122,965	35,432	-30,054	15,219	39,820
overdraft									-7,021	7,021
change in cash	15,438	65,280	-15,979	8,589	-21,285	318	6,637	-154,104	192,393	-190,403	122,965	35,432	-30,054	15,219	39,820

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M.J.I. FARMING LIMITED group structure

M.J.I. Farming Limited has no subsidiary companies.

Ultimate parent company

M.J.I. FARMING LIMITED

03056444

M.J.I. FARMING LIMITED Shareholders

malcolm john isaac

100%

M.J.I. Farming Limited currently has 2 directors. The longest serving directors include Mr Malcolm Isaac (Jun 1995) and Mr Andrew Bays (May 2023).

officer	country	age	start	end	role
Mr Malcolm Isaac	United Kingdom	96 years	Jun 1995	-	Director
Mr Andrew Bays	United Kingdom	55 years	May 2023	-	Director

P&L

September 2023

turnover

547.1k

+10%

operating profit

-173k

gross margin

29.6%

+3.03%

turnover

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

Balance Sheet

September 2023

net assets

1.5m

-0.1%

total assets

3.5m

-0.02%

cash

90.3k

+0.21%

net assets

Total assets minus all liabilities

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company number

03056444

Type

Private limited with Share Capital

industry

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

incorporation date

May 1995

ultimate parent company

None

previous names

amplegarden limited (June 1995)

address

abbey house, warnford, southampton, hampshire, SO32 3LB

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m.j.i. farming limited Company Information

m.j.i. farming limited Estimated Valuation

m.j.i. farming limited Estimated Valuation

m.j.i. farming limited Estimated Valuation

M.j.i. Farming Limited Overview

M.j.i. Farming Limited Health Check

M.J.I. FARMING LIMITED financials

m.j.i. farming limited Credit Report and Business Information

M.j.i. Farming Limited Competitor Analysis

m.j.i. farming limited Ownership

m.j.i. farming limited directors

m.j.i. farming limited company details

m.j.i. farming limited Charges & Mortgages

m.j.i. farming limited Capital Raised & Share Issues BETA

m.j.i. farming limited Companies House Filings - See Documents