m & j meats limited

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m & j meats limited Company Information

Share M & J MEATS LIMITED
Live 
MatureMidLow

Company Number

03105583

Registered 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

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Directors

Daniel Dermody28 Years

Elsie Dermody28 Years

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Shareholders

mr john dermody 62.2%

mrs elsie may dermody 11.1%

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m & j meats limited Estimated Valuation

£1.7m

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

£0

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

£3.7m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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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

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £6.6m, make it smaller than the average company (£24.2m)

£6.6m - M & J Meats Limited

£24.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.6%)

2% - M & J Meats Limited

3.6% - Industry AVG

production

Production

with a gross margin of 12.5%, this company has a comparable cost of product (12.5%)

12.5% - M & J Meats Limited

12.5% - Industry AVG

profitability

Profitability

an operating margin of -2.3% make it less profitable than the average company (3%)

-2.3% - M & J Meats Limited

3% - Industry AVG

employees

Employees

with 27 employees, this is below the industry average (34)

27 - M & J Meats Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)

£41.6k - M & J Meats Limited

£41.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £246k, this is less efficient (£569.9k)

£246k - M & J Meats Limited

£569.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is near the average (33 days)

34 days - M & J Meats Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is close to average (28 days)

27 days - M & J Meats Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 7 days, this is less than average (21 days)

7 days - M & J Meats Limited

21 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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M & J Meats Limited Competitor Analysis

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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 Shareholders

mr john dermody 62.22%
mrs elsie may dermody 11.11%
mr daniel john dermody 11.11%
mr paul christopher munday 7.78%
mrs laura munday 7.78%

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).

officercountryagestartendrole
Mr Daniel DermodyEngland54 years Sep 1995- Director
Mrs Elsie Dermody78 years Sep 1995- Director
Mr John DermodyUnited Kingdom77 years Sep 1995- Director
Mr Paul MundayEngland46 years Apr 2014- Director
Mrs Laura MundayEngland44 years Apr 2014- Director

M & J MEATS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,641,5496,394,4646,337,1096,339,8427,188,9586,728,6046,028,5115,460,4537,621,4825,913,3418,054,9909,554,7129,161,2670
Other Income Or Grants00000000000000
Cost Of Sales5,812,2025,702,4555,660,3145,624,3386,495,9146,170,9095,406,4254,883,9016,853,6505,308,5137,224,2828,541,0238,225,1740
Gross Profit829,347692,009676,795715,504693,044557,695622,086576,552767,832604,828830,7091,013,689936,0930
Admin Expenses983,531312,827258,797492,547522,830410,813558,476421,321566,333373,640941,749910,957778,262-293,078
Operating Profit-154,184379,182417,998222,957170,214146,88263,610155,231201,499231,188-111,040102,732157,831293,078
Interest Payable0000324381,6071,264000000
Interest Receivable47,0273,1558964,5122,568921271196111121
Pre-Tax Profit-107,157382,337418,894227,469172,751147,36562,274154,163201,500231,188-111,039102,734157,833293,079
Tax0-72,644-79,590-43,219-32,823-27,999-12,455-30,832-42,315-53,1730-26,711-44,193-82,062
Profit After Tax-107,157309,693339,304184,250139,928119,36649,819123,330159,185178,015-111,03976,023113,640211,017
Dividends Paid00000000000000
Retained Profit-107,157309,693339,304184,250139,928119,36649,819123,330159,185178,015-111,03976,023113,640211,017
Employee Costs1,122,262928,608917,626919,953989,344887,754802,221791,155531,800429,295511,356666,120692,6780
Number Of Employees272726273029272718151822230
EBITDA*-114,047402,048446,001254,435195,814180,22794,771182,461225,326255,133-94,401127,033204,373337,615

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets369,420310,876327,886254,818253,746261,000282,013313,174267,447288,111308,967270,211288,622323,302
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets369,420310,876327,886254,818253,746261,000282,013313,174267,447288,111308,967270,211288,622323,302
Stock & work in progress122,65490,83492,590100,628148,03791,093100,914132,527121,82675,768177,912140,34197,280172,251
Trade Debtors628,476737,762782,706797,340786,612916,688799,939647,6731,006,431777,040818,2451,108,1771,074,706898,193
Group Debtors00000000000000
Misc Debtors44,81915,96531,79335,14634,13017,26325,93551,607000000
Cash1,207,4711,479,7971,044,144747,801455,365229,372139,02678,106287116116190406517
misc current assets00000000000000
total current assets2,003,4202,324,3581,951,2331,680,9151,424,1441,254,4161,065,814909,9131,128,544852,924996,2731,248,7081,172,3921,070,961
total assets2,372,8402,635,2342,279,1191,935,7331,677,8901,515,4161,347,8271,223,0871,395,9911,141,0351,305,2401,518,9191,461,0141,394,263
Bank overdraft000000025,949000000
Bank loan0000093711,8570000000
Trade Creditors 437,739418,744385,336429,356413,410388,134400,878264,360741,763633,6971,010,2321,116,2391,134,3571,175,624
Group/Directors Accounts56,743184,798167,931148,846114,511000000000
other short term finances00000000000000
hp & lease commitments16,6750000000000000
other current liabilities33,869133,849137,633105,01183,944200,570125,957157,283000000
total current liabilities545,026737,391690,900683,213611,865589,641538,692447,592741,763633,6971,010,2321,116,2391,134,3571,175,624
loans00000068112,951000000
hp & lease commitments22,2480000000000000
Accruals and Deferred Income00000000000000
other liabilities0000000023,89634,7730005,622
provisions18,3923,3123,3816,9864,7414,4196,46410,3731,4912,9093,367000
total long term liabilities40,6403,3123,3816,9864,7414,4197,14523,32425,38737,6823,367005,622
total liabilities585,666740,703694,281690,199616,606594,060545,837470,916767,150671,3791,013,5991,116,2391,134,3571,181,246
net assets1,787,1741,894,5311,584,8381,245,5341,061,284921,356801,990752,171628,841469,656291,641402,680326,657213,017
total shareholders funds1,787,1741,894,5311,584,8381,245,5341,061,284921,356801,990752,171628,841469,656291,641402,680326,657213,017
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-154,184379,182417,998222,957170,214146,88263,610155,231201,499231,188-111,040102,732157,831293,078
Depreciation40,13722,86628,00331,47825,60033,34531,16127,23023,82723,94516,63924,30146,54244,537
Amortisation00000000000000
Tax0-72,644-79,590-43,219-32,823-27,999-12,455-30,832-42,315-53,1730-26,711-44,193-82,062
Stock31,820-1,756-8,038-47,40956,944-9,821-31,61310,70146,058-102,14437,57143,061-74,971172,251
Debtors-80,432-60,772-17,98711,744-113,209108,077126,594-307,151229,391-41,205-289,93233,471176,513898,193
Creditors18,99533,408-44,02015,94625,276-12,744136,518-477,403108,066-376,535-106,007-18,118-41,2671,175,624
Accruals and Deferred Income-99,980-3,78432,62221,067-116,62674,613-31,326157,283000000
Deferred Taxes & Provisions15,080-69-3,6052,245322-2,045-3,9098,882-1,418-4583,367000
Cash flow from operations-131,340421,487377,433286,139128,228113,79688,618136,84114,210-31,68455,3205,67217,371360,733
Investing Activities
capital expenditure-98,681-5,856-101,071-32,550-18,346-12,3320-72,957-3,163-3,089-55,395-5,890-11,862-367,839
Change in Investments00000000000000
cash flow from investments-98,681-5,856-101,071-32,550-18,346-12,3320-72,957-3,163-3,089-55,395-5,890-11,862-367,839
Financing Activities
Bank loans0000-937-10,92011,8570000000
Group/Directors Accounts-128,05516,86719,08534,335114,511000000000
Other Short Term Loans 00000000000000
Long term loans00000-681-12,27012,951000000
Hire Purchase and Lease Commitments38,9230000000000000
other long term liabilities0000000-23,896-10,87734,77300-5,6225,622
share issue-2000000000000002,000
interest47,0273,1558964,5122,536483-1,336-1,068111121
cash flow from financing-42,30520,02219,98138,847116,110-11,118-1,749-12,013-10,87634,77411-5,6207,623
cash and cash equivalents
cash-272,326435,653296,343292,436225,99390,34660,92077,8191710-74-216-111517
overdraft000000-25,94925,949000000
change in cash-272,326435,653296,343292,436225,99390,34686,86951,8701710-74-216-111517

P&L

December 2022

turnover

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 2022

net 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

None

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.

charges

m & j meats limited Companies House Filings - See Documents

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