M Yates And Sons Limited

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m yates and sons limited Company Information

Live

MatureSmallDeclining

Company Number

03833984

Website

www.myatesandsons.co.uk

Registered Address

m yates and sons, quarry park road, newquay, cornwall, TR7 2NP

Industry

Processing and preserving of meat

Telephone

01637875727

Next Accounts Due

January 2025

Group Structure

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Directors

Charles Yates24 Years

Martin Yates20 Years

View All

Shareholders

yates holdings (cornwall) ltd 100%

m yates and sons limited Estimated Valuation

£971.4k

Pomanda estimates the enterprise value of M YATES AND SONS LIMITED at £971.4k based on a Turnover of £2.9m and 0.33x industry multiple (adjusted for size and gross margin).

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M Yates And Sons Limited is a live company located in newquay, TR7 2NP with a Companies House number of 03833984. It operates in the processing and preserving of meat sector, SIC Code 10110. Founded in August 1999, it's largest shareholder is yates holdings (cornwall) ltd with a 100% stake. M Yates And Sons Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded M Yates And Sons Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£24.2m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.3%)

EXPORT

M Yates And Sons Limited's latest turnover from April 2023 is estimated at £2.9 million and the company has net assets of £8.5 thousand. According to their latest financial statements, M Yates And Sons Limited has 17 employees and maintains cash reserves of £39.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,948,897	2,801,426	2,475,321	3,425,950	4,612,220	5,413,992	5,049,796	4,822,409	5,143,998	7,757,706	6,461,719	6,180,046	5,847,203	6,390,957
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,485,559	2,342,681	2,142,558	2,971,201	4,026,354	4,745,001	4,309,711	4,009,651	4,446,278	6,873,305	5,706,849	5,488,912	4,841,573	5,710,737
Gross Profit	463,338	458,745	332,763	454,749	585,866	668,992	740,085	812,758	697,720	884,401	754,870	691,134	1,005,630	680,220
Admin Expenses	457,004	280,040	493,915	543,478	573,598	861,676	913,191	690,628	581,199	1,081,030	748,150	649,725	879,095	535,277
Operating Profit	6,334	178,705	-161,152	-88,729	12,268	-192,684	-173,106	122,130	116,521	-196,629	6,720	41,409	126,535	144,943
Interest Payable	22,623	17,652	14,472	13,767	15,649	15,277	14,679	15,997	8,875	0	0	0	0	0
Interest Receivable	879	9	1	0	5	1	1	5	6	7	74	87	196	178
Pre-Tax Profit	-15,410	161,062	-175,624	-102,495	-3,376	-207,960	-187,784	106,138	107,653	-196,622	6,794	41,496	126,731	145,121
Tax	0	-30,602	0	0	0	0	0	-21,227	-21,530	0	-1,563	-9,959	-32,950	-40,634
Profit After Tax	-15,410	130,460	-175,624	-102,495	-3,376	-207,960	-187,784	84,910	86,122	-196,622	5,231	31,537	93,781	104,487
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-15,410	130,460	-175,624	-102,495	-3,376	-207,960	-187,784	84,910	86,122	-196,622	5,231	31,537	93,781	104,487
Employee Costs	556,673	549,403	578,400	726,183	685,842	729,856	709,308	689,910	502,608	704,591	576,793	596,844	586,649	660,733
Number Of Employees	17	18	20	26	26	28	28	28	21	30	25	25	25	29
EBITDA*	19,433	195,085	-140,088	-31,886	70,067	-132,264	-107,577	192,702	187,375	-133,623	76,252	132,284	220,903	234,610

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	52,551	65,650	79,630	102,070	76,088	89,708	103,110	122,490	145,774	104,565	128,008	270,190	309,411	322,802
Intangible Assets	0	0	0	0	32,716	72,004	111,292	150,580	189,868	229,156	268,444	307,731	347,015	386,299
Investments & Other	0	0	0	0	0	0	188,934	188,934	188,934	188,934	188,934	0	0	0
Debtors (Due After 1 year)	0	0	0	38,688	38,899	48,487	55,004	52,110	0	0	0	0	0	0
Total Fixed Assets	52,551	65,650	79,630	140,758	147,703	210,199	458,340	514,114	524,576	522,655	585,386	577,921	656,426	709,101
Stock & work in progress	175,812	235,000	250,000	295,000	338,000	360,000	360,000	360,000	466,316	365,000	389,000	400,000	310,200	387,500
Trade Debtors	218,379	226,297	40,266	124,431	317,396	310,706	385,850	319,026	347,242	595,803	440,240	338,782	411,087	433,967
Group Debtors	83,428	81,119	87,119	111,119	135,693	142,875	145,670	168,304	111,045	0	0	0	0	0
Misc Debtors	3,383	35,144	32,709	52,351	57,625	58,652	37,594	51,810	99,176	0	0	0	0	0
Cash	39,944	1,439	1,000	0	890	500	0	505	1,438	1,000	1,992	27,510	7,338	71,255
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	520,946	578,999	411,094	582,901	849,604	872,733	929,114	899,645	1,025,217	961,803	831,232	766,292	728,625	892,722
total assets	573,497	644,649	490,724	723,659	997,307	1,082,932	1,387,454	1,413,759	1,549,793	1,484,458	1,416,618	1,344,213	1,385,051	1,601,823
Bank overdraft	28,571	255,719	267,312	207,182	214,185	189,484	220,588	189,144	233,075	0	0	0	0	0
Bank loan	0	0	0	0	30,000	0	0	0	0	0	0	0	0	0
Trade Creditors	259,002	239,175	167,497	275,142	426,907	464,694	490,747	405,068	455,835	1,026,939	758,452	676,665	635,687	596,322
Group/Directors Accounts	98,288	98,288	98,288	98,288	98,288	98,289	98,389	0	95,043	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	0	0	0	0	0	6,564	14,955	14,957	14,955	0	0	0	0	0
other current liabilities	22,023	24,437	59,446	59,792	56,388	118,986	142,423	182,412	187,910	0	0	0	0	0
total current liabilities	407,884	617,619	592,543	640,404	825,768	878,017	967,102	791,581	986,818	1,026,939	758,452	676,665	635,687	596,322
loans	157,143	0	0	0	0	30,000	30,000	30,000	40,000	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	7,477	21,519	37,226	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	3,150	4,761	14,211	0	0	0	0	0	40,000	40,000	50,000	150,000	500,000
provisions	0	0	0	0	0	0	0	0	0	17,892	21,917	26,530	39,883	39,801
total long term liabilities	157,143	3,150	4,761	14,211	0	30,000	37,477	51,519	77,226	57,892	61,917	76,530	189,883	539,801
total liabilities	565,027	620,769	597,304	654,615	825,768	908,017	1,004,579	843,100	1,064,044	1,084,831	820,369	753,195	825,570	1,136,123
net assets	8,470	23,880	-106,580	69,044	171,539	174,915	382,875	570,659	485,749	399,627	596,249	591,018	559,481	465,700
total shareholders funds	8,470	23,880	-106,580	69,044	171,539	174,915	382,875	570,659	485,749	399,627	596,249	591,018	559,481	465,700

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	6,334	178,705	-161,152	-88,729	12,268	-192,684	-173,106	122,130	116,521	-196,629	6,720	41,409	126,535	144,943
Depreciation	13,099	16,380	21,064	24,127	18,511	21,132	26,241	31,284	31,566	23,718	30,245	51,591	55,084	50,383
Amortisation	0	0	0	32,716	39,288	39,288	39,288	39,288	39,288	39,288	39,287	39,284	39,284	39,284
Tax	0	-30,602	0	0	0	0	0	-21,227	-21,530	0	-1,563	-9,959	-32,950	-40,634
Stock	-59,188	-15,000	-45,000	-43,000	-22,000	0	0	-106,316	101,316	-24,000	-11,000	89,800	-77,300	387,500
Debtors	-37,370	182,466	-166,495	-223,024	-11,107	-63,398	32,868	33,787	-38,340	155,563	101,458	-72,305	-22,880	433,967
Creditors	19,827	71,678	-107,645	-151,765	-37,787	-26,053	85,679	-50,767	-571,104	268,487	81,787	40,978	39,365	596,322
Accruals and Deferred Income	-2,414	-35,009	-346	3,404	-62,598	-23,437	-39,989	-5,498	187,910	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-17,892	-4,025	-4,613	-13,353	82	39,801
Cash flow from operations	133,404	33,686	-36,584	85,777	2,789	-118,356	-94,755	187,739	-298,217	-724	61,405	132,455	327,580	8,632
Investing Activities
capital expenditure	0	-2,400	1,376	-50,109	-4,891	-7,730	-6,861	-8,000	-72,775	-275	111,937	-12,370	-41,693	-798,768
Change in Investments	0	0	0	0	0	-188,934	0	0	0	0	188,934	0	0	0
cash flow from investments	0	-2,400	1,376	-50,109	-4,891	181,204	-6,861	-8,000	-72,775	-275	-76,997	-12,370	-41,693	-798,768
Financing Activities
Bank loans	0	0	0	-30,000	30,000	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-1	-100	98,389	-95,043	95,043	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	157,143	0	0	0	-30,000	0	0	-10,000	40,000	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-6,564	-15,868	-14,044	-15,705	52,181	0	0	0	0	0
other long term liabilities	-3,150	-1,611	-9,450	14,211	0	0	0	0	-40,000	0	-10,000	-100,000	-350,000	500,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	361,213
interest	-21,744	-17,643	-14,471	-13,767	-15,644	-15,276	-14,678	-15,992	-8,869	7	74	87	196	178
cash flow from financing	132,249	-19,254	-23,921	-29,556	-22,209	-31,244	69,667	-136,740	138,355	7	-9,926	-99,913	-349,804	861,391
cash and cash equivalents
cash	38,505	439	1,000	-890	390	500	-505	-933	438	-992	-25,518	20,172	-63,917	71,255
overdraft	-227,148	-11,593	60,130	-7,003	24,701	-31,104	31,444	-43,931	233,075	0	0	0	0	0
change in cash	265,653	12,032	-59,130	6,113	-24,311	31,604	-31,949	42,998	-232,637	-992	-25,518	20,172	-63,917	71,255

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M YATES AND SONS LIMITED group structure

M Yates And Sons Limited has 1 subsidiary company.

Ultimate parent company

YATES HOLDINGS (CORNWALL) LIMITED

07889358

1 parent

M YATES AND SONS LIMITED

03833984

1 subsidiary

F G LEACH & SONS LIMITED

04646309

M YATES AND SONS LIMITED Shareholders

yates holdings (cornwall) ltd

100%

M Yates And Sons Limited currently has 3 directors. The longest serving directors include Mr Charles Yates (Sep 1999) and Mr Martin Yates (Feb 2004).

officer	country	age	start	end	role
Mr Charles Yates	United Kingdom	76 years	Sep 1999	-	Director
Mr Martin Yates		50 years	Feb 2004	-	Director
Ms Jessica Yates		41 years	Apr 2017	-	Director

P&L

April 2023

turnover

2.9m

+5%

operating profit

6.3k

gross margin

15.8%

-4.05%

turnover

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

Balance Sheet

April 2023

net assets

8.5k

-0.65%

total assets

573.5k

-0.11%

cash

39.9k

+26.76%

net assets

Total assets minus all liabilities

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company number

03833984

Type

Private limited with Share Capital

industry

10110 - Processing and preserving of meat

incorporation date

August 1999

age

accounts

Total Exemption Full

ultimate parent company

YATES HOLDINGS (CORNWALL) LIMITED

previous names

mr meats (newquay) ltd (January 2016)

syncgrasp limited (October 1999)

incorporated

address

m yates and sons, quarry park road, newquay, cornwall, TR7 2NP

last accounts submitted

April 2023

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 2 charges/mortgages relating to m yates and sons limited. Currently there are 0 open charges and 2 have been satisfied in the past.

m yates and sons limited Company Information

m yates and sons limited Estimated Valuation

m yates and sons limited Estimated Valuation

m yates and sons limited Estimated Valuation

M Yates And Sons Limited Overview

M Yates And Sons Limited Health Check

M YATES AND SONS LIMITED financials

m yates and sons limited Credit Report and Business Information

M Yates And Sons Limited Competitor Analysis

m yates and sons limited Ownership

m yates and sons limited directors

m yates and sons limited company details

m yates and sons limited Charges & Mortgages

m yates and sons limited Companies House Filings - See Documents