m & j meats limited Company Information
Company Number
03105583
Website
www.mandjmeats.co.ukRegistered Address
winchester house, deane gate avenue, taunton, somerset, TA1 2UH
Industry
Wholesale of meat and meat products
Telephone
01823334056
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mr john dermody 62.2%
mrs elsie may dermody 11.1%
View Allm & j meats limited Estimated Valuation
Pomanda estimates the enterprise value of M & J MEATS LIMITED at £1.7m based on a Turnover of £6.6m and 0.26x industry multiple (adjusted for size and gross margin).
m & j meats limited Estimated Valuation
Pomanda estimates the enterprise value of M & J MEATS LIMITED at £0 based on an EBITDA of £-114k and a 4.78x industry multiple (adjusted for size and gross margin).
m & j meats limited Estimated Valuation
Pomanda estimates the enterprise value of M & J MEATS LIMITED at £3.7m based on Net Assets of £1.8m and 2.08x industry multiple (adjusted for liquidity).
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M & J Meats Limited Overview
M & J Meats Limited is a live company located in taunton, TA1 2UH with a Companies House number of 03105583. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in September 1995, it's largest shareholder is mr john dermody with a 62.2% stake. M & J Meats Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with low growth in recent years.
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M & J Meats Limited Health Check
Pomanda's financial health check has awarded M & J Meats 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
3 Strong
4 Regular
5 Weak
Size
annual sales of £6.6m, make it smaller than the average company (£24.2m)
- M & J Meats Limited
£24.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.6%)
- M & J Meats Limited
3.6% - Industry AVG
Production
with a gross margin of 12.5%, this company has a comparable cost of product (12.5%)
- M & J Meats Limited
12.5% - Industry AVG
Profitability
an operating margin of -2.3% make it less profitable than the average company (3%)
- M & J Meats Limited
3% - Industry AVG
Employees
with 27 employees, this is below the industry average (34)
27 - M & J Meats Limited
34 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- M & J Meats Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £246k, this is less efficient (£569.9k)
- M & J Meats Limited
£569.9k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (33 days)
- M & J Meats Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is close to average (28 days)
- M & J Meats Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (21 days)
- M & J Meats Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 115 weeks, this is more cash available to meet short term requirements (9 weeks)
115 weeks - M & J Meats Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.7%, this is a lower level of debt than the average (57.8%)
24.7% - M & J Meats Limited
57.8% - Industry AVG
m & j meats limited Credit Report and Business Information
M & J Meats Limited Competitor Analysis
Perform a competitor analysis for m & j meats limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
m & j meats limited Ownership
M & J MEATS LIMITED group structure
M & J Meats Limited has no subsidiary companies.
Ultimate parent company
M & J MEATS LIMITED
03105583
m & j meats limited directors
M & J Meats Limited currently has 5 directors. The longest serving directors include Mr Daniel Dermody (Sep 1995) and Mrs Elsie Dermody (Sep 1995).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Daniel Dermody | England | 54 years | Sep 1995 | - | Director |
Mrs Elsie Dermody | 78 years | Sep 1995 | - | Director | |
Mr John Dermody | United Kingdom | 77 years | Sep 1995 | - | Director |
Mr Paul Munday | England | 46 years | Apr 2014 | - | Director |
Mrs Laura Munday | England | 44 years | Apr 2014 | - | Director |
M & J MEATS LIMITED financials
M & J Meats Limited's latest turnover from December 2022 is estimated at £6.6 million and the company has net assets of £1.8 million. According to their latest financial statements, M & J Meats Limited has 27 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 27 | 27 | 26 | 27 | 30 | 29 | 27 | 27 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 369,420 | 310,876 | 327,886 | 254,818 | 253,746 | 261,000 | 282,013 | 313,174 | 267,447 | 288,111 | 308,967 | 270,211 | 288,622 | 323,302 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 369,420 | 310,876 | 327,886 | 254,818 | 253,746 | 261,000 | 282,013 | 313,174 | 267,447 | 288,111 | 308,967 | 270,211 | 288,622 | 323,302 |
Stock & work in progress | 122,654 | 90,834 | 92,590 | 100,628 | 148,037 | 91,093 | 100,914 | 132,527 | 121,826 | 75,768 | 177,912 | 140,341 | 97,280 | 172,251 |
Trade Debtors | 628,476 | 737,762 | 782,706 | 797,340 | 786,612 | 916,688 | 799,939 | 647,673 | 1,006,431 | 777,040 | 818,245 | 1,108,177 | 1,074,706 | 898,193 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 44,819 | 15,965 | 31,793 | 35,146 | 34,130 | 17,263 | 25,935 | 51,607 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,207,471 | 1,479,797 | 1,044,144 | 747,801 | 455,365 | 229,372 | 139,026 | 78,106 | 287 | 116 | 116 | 190 | 406 | 517 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,003,420 | 2,324,358 | 1,951,233 | 1,680,915 | 1,424,144 | 1,254,416 | 1,065,814 | 909,913 | 1,128,544 | 852,924 | 996,273 | 1,248,708 | 1,172,392 | 1,070,961 |
total assets | 2,372,840 | 2,635,234 | 2,279,119 | 1,935,733 | 1,677,890 | 1,515,416 | 1,347,827 | 1,223,087 | 1,395,991 | 1,141,035 | 1,305,240 | 1,518,919 | 1,461,014 | 1,394,263 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,949 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 937 | 11,857 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 437,739 | 418,744 | 385,336 | 429,356 | 413,410 | 388,134 | 400,878 | 264,360 | 741,763 | 633,697 | 1,010,232 | 1,116,239 | 1,134,357 | 1,175,624 |
Group/Directors Accounts | 56,743 | 184,798 | 167,931 | 148,846 | 114,511 | 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 |
hp & lease commitments | 16,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 33,869 | 133,849 | 137,633 | 105,011 | 83,944 | 200,570 | 125,957 | 157,283 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 545,026 | 737,391 | 690,900 | 683,213 | 611,865 | 589,641 | 538,692 | 447,592 | 741,763 | 633,697 | 1,010,232 | 1,116,239 | 1,134,357 | 1,175,624 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 681 | 12,951 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 22,248 | 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 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,896 | 34,773 | 0 | 0 | 0 | 5,622 |
provisions | 18,392 | 3,312 | 3,381 | 6,986 | 4,741 | 4,419 | 6,464 | 10,373 | 1,491 | 2,909 | 3,367 | 0 | 0 | 0 |
total long term liabilities | 40,640 | 3,312 | 3,381 | 6,986 | 4,741 | 4,419 | 7,145 | 23,324 | 25,387 | 37,682 | 3,367 | 0 | 0 | 5,622 |
total liabilities | 585,666 | 740,703 | 694,281 | 690,199 | 616,606 | 594,060 | 545,837 | 470,916 | 767,150 | 671,379 | 1,013,599 | 1,116,239 | 1,134,357 | 1,181,246 |
net assets | 1,787,174 | 1,894,531 | 1,584,838 | 1,245,534 | 1,061,284 | 921,356 | 801,990 | 752,171 | 628,841 | 469,656 | 291,641 | 402,680 | 326,657 | 213,017 |
total shareholders funds | 1,787,174 | 1,894,531 | 1,584,838 | 1,245,534 | 1,061,284 | 921,356 | 801,990 | 752,171 | 628,841 | 469,656 | 291,641 | 402,680 | 326,657 | 213,017 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 40,137 | 22,866 | 28,003 | 31,478 | 25,600 | 33,345 | 31,161 | 27,230 | 23,827 | 23,945 | 16,639 | 24,301 | 46,542 | 44,537 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 31,820 | -1,756 | -8,038 | -47,409 | 56,944 | -9,821 | -31,613 | 10,701 | 46,058 | -102,144 | 37,571 | 43,061 | -74,971 | 172,251 |
Debtors | -80,432 | -60,772 | -17,987 | 11,744 | -113,209 | 108,077 | 126,594 | -307,151 | 229,391 | -41,205 | -289,932 | 33,471 | 176,513 | 898,193 |
Creditors | 18,995 | 33,408 | -44,020 | 15,946 | 25,276 | -12,744 | 136,518 | -477,403 | 108,066 | -376,535 | -106,007 | -18,118 | -41,267 | 1,175,624 |
Accruals and Deferred Income | -99,980 | -3,784 | 32,622 | 21,067 | -116,626 | 74,613 | -31,326 | 157,283 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 15,080 | -69 | -3,605 | 2,245 | 322 | -2,045 | -3,909 | 8,882 | -1,418 | -458 | 3,367 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | -937 | -10,920 | 11,857 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -128,055 | 16,867 | 19,085 | 34,335 | 114,511 | 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 |
Long term loans | 0 | 0 | 0 | 0 | 0 | -681 | -12,270 | 12,951 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 38,923 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,896 | -10,877 | 34,773 | 0 | 0 | -5,622 | 5,622 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -272,326 | 435,653 | 296,343 | 292,436 | 225,993 | 90,346 | 60,920 | 77,819 | 171 | 0 | -74 | -216 | -111 | 517 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -25,949 | 25,949 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -272,326 | 435,653 | 296,343 | 292,436 | 225,993 | 90,346 | 86,869 | 51,870 | 171 | 0 | -74 | -216 | -111 | 517 |
P&L
December 2022turnover
6.6m
+4%
operating profit
-154.2k
0%
gross margin
12.5%
+15.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.8m
-0.06%
total assets
2.4m
-0.1%
cash
1.2m
-0.18%
net assets
Total assets minus all liabilities
m & j meats limited company details
company number
03105583
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
incorporation date
September 1995
age
29
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
winchester house, deane gate avenue, taunton, somerset, TA1 2UH
last accounts submitted
December 2022
m & j meats 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 7 charges/mortgages relating to m & j meats limited. Currently there are 0 open charges and 7 have been satisfied in the past.
m & j meats limited Companies House Filings - See Documents
date | description | view/download |
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