Mediterranean Foods (london) Ltd

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mediterranean foods (london) ltd Company Information

Live (In Liquidation)

MatureSmallLow

Company Number

03988505

Website

www.mediterraneanfoods.uk.com

Registered Address

100 st james road, northampton, NN5 5LF

Industry

Manufacture of other food products n.e.c.

Telephone

01895233322

Next Accounts Due

120 days late

Group Structure

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Directors

Jinan Al-Kadhi7 Years

Sheazad Hussain5 Years

Shareholders

zain hussain 50.9%

jinan al-kadhi 24.5%

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mediterranean foods (london) ltd Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of MEDITERRANEAN FOODS (LONDON) LTD at £1.6m based on a Turnover of £2.5m and 0.62x industry multiple (adjusted for size and gross margin).

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Mediterranean Foods (london) Ltd is a live company located in northampton, NN5 5LF with a Companies House number of 03988505. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in May 2000, it's largest shareholder is zain hussain with a 50.9% stake. Mediterranean Foods (london) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.

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Pomanda's financial health check has awarded Mediterranean Foods (London) Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£19.1m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (1.4%)

EXPORT

Mediterranean Foods (London) Ltd's latest turnover from May 2022 is estimated at £2.5 million and the company has net assets of -£71.9 thousand. According to their latest financial statements, Mediterranean Foods (London) Ltd has 31 employees and maintains cash reserves of £53.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	2,540,651	2,185,059	1,482,782	2,501,004	1,788,078	3,066,660	2,787,958	2,682,865	2,958,079	2,400,767	1,603,103	923,749	951,841
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,886,461	1,625,276	1,101,723	1,862,187	1,342,675	2,236,496	2,079,551	1,992,877	2,208,435	1,818,341	1,204,258	689,000	712,122
Gross Profit	654,190	559,783	381,059	638,817	445,403	1,201,748	1,113,205	689,987	749,644	582,426	398,845	234,749	239,719
Admin Expenses	616,575	766,807	602,745	720,136	510,028	1,020,416	739,321	573,427	601,638	488,188	418,993	237,202	178,342
Operating Profit	37,615	-207,024	-221,686	-81,319	-64,625	181,332	373,884	116,560	148,006	94,238	-20,148	-2,453	61,377
Interest Payable	36,424	20,494	11,118	12,919	18,269	21,299	30,209	0	3,250	5,525	2,275	0	0
Interest Receivable	684	53	28	382	302	0	0	44	111	96	61	69	25
Pre-Tax Profit	1,875	-227,465	-232,776	-93,856	-82,592	160,033	343,675	116,604	144,867	88,809	-22,362	-2,384	61,403
Tax	-356	0	0	0	0	-27,685	-48,464	-23,321	-30,422	-20,426	0	0	-17,193
Profit After Tax	1,519	-227,465	-232,776	-93,856	-82,592	132,348	295,211	93,283	114,445	68,383	-22,362	-2,384	44,210
Dividends Paid	0	0	0	0	0	140,000	120,000	0	0	0	0	0	0
Retained Profit	1,519	-227,465	-232,776	-93,856	-82,592	-7,652	175,211	93,283	114,445	68,383	-22,362	-2,384	44,210
Employee Costs	1,036,326	1,027,592	771,770	1,194,224	315,133	976,946	625,097	461,451	518,116	393,235	250,500	168,257	170,176
Number Of Employees	31	31	24	38	10	37	37	16	18	14	9	6	6
EBITDA*	39,329	-92,998	-149,332	6,305	-59,708	255,801	422,238	188,223	226,595	151,665	4,640	8,169	75,005

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	568,427	605,100	705,669	768,650	798,375	734,792	623,322	657,062	659,259	493,323	318,497	33,389	42,446
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	568,427	605,100	705,669	768,650	798,375	734,792	623,322	657,062	659,259	493,323	318,497	33,389	42,446
Stock & work in progress	170,257	100,851	60,002	73,053	67,984	45,755	70,457	68,884	79,312	74,897	68,895	25,228	24,601
Trade Debtors	254,614	181,321	60,657	238,990	341,060	510,647	418,274	447,579	466,640	378,452	256,217	160,779	163,333
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	109,274	61,843	72,337	89,876	109,342	125,243	135,734	0	0	0	0	0	0
Cash	53,915	82,952	23,485	33,236	68,714	52,053	28,482	4,542	12,918	31,312	6,917	17,289	10,175
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	588,060	426,967	216,481	435,155	587,100	733,698	652,947	521,005	558,870	484,661	332,029	203,296	198,109
total assets	1,156,487	1,032,067	922,150	1,203,805	1,385,475	1,468,490	1,276,269	1,178,067	1,218,129	977,984	650,526	236,685	240,555
Bank overdraft	0	0	0	0	0	0	21,053	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	319,391	243,014	178,977	181,451	305,297	290,555	164,923	640,156	698,327	568,242	361,397	193,588	194,494
Group/Directors Accounts	5,382	5,382	13,882	5,382	44,767	4,696	19,801	0	0	0	0	0	0
other short term finances	345,989	309,986	161,948	202,581	180,207	381,908	254,575	0	0	0	0	0	0
hp & lease commitments	13,671	45,086	60,784	57,874	49,086	0	0	0	0	0	0	0	0
other current liabilities	145,534	62,462	107,628	67,183	53,719	106,586	155,544	0	0	0	0	0	0
total current liabilities	829,967	665,930	523,219	514,471	633,076	783,745	615,896	640,156	698,327	568,242	361,397	193,588	194,494
loans	184,714	200,000	0	0	0	0	0	0	0	99,985	70,000	0	0
hp & lease commitments	13,454	39,304	44,633	102,260	112,763	67,219	60,252	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	102,537	205,409	215,471	195,919	0	0
provisions	200,288	200,288	200,288	200,288	158,994	54,292	29,235	39,699	12,001	6,339	3,646	1,171	1,751
total long term liabilities	398,456	439,592	244,921	302,548	271,757	121,511	89,487	142,236	217,410	321,795	269,565	1,171	1,751
total liabilities	1,228,423	1,105,522	768,140	817,019	904,833	905,256	705,383	782,392	915,737	890,037	630,962	194,759	196,245
net assets	-71,936	-73,455	154,010	386,786	480,642	563,234	570,886	395,675	302,392	87,947	19,564	41,926	44,310
total shareholders funds	-71,936	-73,455	154,010	386,786	480,642	563,234	570,886	395,675	302,392	87,947	19,564	41,926	44,310

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	37,615	-207,024	-221,686	-81,319	-64,625	181,332	373,884	116,560	148,006	94,238	-20,148	-2,453	61,377
Depreciation	1,714	114,026	72,354	87,624	4,917	74,469	48,354	71,663	78,589	57,427	24,788	10,622	13,628
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-356	0	0	0	0	-27,685	-48,464	-23,321	-30,422	-20,426	0	0	-17,193
Stock	69,406	40,849	-13,051	5,069	22,229	-24,702	1,573	-10,428	4,415	6,002	43,667	627	24,601
Debtors	120,724	110,170	-195,872	-121,536	-185,488	81,882	106,429	-19,061	88,188	122,235	95,438	-2,554	163,333
Creditors	76,377	64,037	-2,474	-123,846	14,742	125,632	-475,233	-58,171	130,085	206,845	167,809	-906	194,494
Accruals and Deferred Income	83,072	-45,166	40,445	13,464	-52,867	-48,958	155,544	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	41,294	104,702	25,057	-10,464	27,698	5,662	2,693	2,475	-580	1,751
Cash flow from operations	8,292	-225,146	97,562	53,684	170,128	272,667	-64,381	163,918	239,317	212,540	35,819	8,610	66,123
Investing Activities
capital expenditure	34,959	-13,457	-9,373	-57,899	-68,500	-185,939	-14,614	-69,466	-244,525	-232,253	-309,896	-1,565	-56,074
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	34,959	-13,457	-9,373	-57,899	-68,500	-185,939	-14,614	-69,466	-244,525	-232,253	-309,896	-1,565	-56,074
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-8,500	8,500	-39,385	40,071	-15,105	19,801	0	0	0	0	0	0
Other Short Term Loans	36,003	148,038	-40,633	22,374	-201,701	127,333	254,575	0	0	0	0	0	0
Long term loans	-15,286	200,000	0	0	0	0	0	0	-99,985	29,985	70,000	0	0
Hire Purchase and Lease Commitments	-57,265	-21,027	-54,717	-1,715	94,630	6,967	60,252	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-102,537	-102,872	-10,062	19,552	195,919	0	0
share issue	0	0	0	0	0	0	0	0	100,000	0	0	0	100
interest	-35,740	-20,441	-11,090	-12,537	-17,967	-21,299	-30,209	44	-3,139	-5,429	-2,214	69	25
cash flow from financing	-72,288	298,070	-97,940	-31,263	-84,967	97,896	201,882	-102,828	-13,186	44,108	263,705	69	125
cash and cash equivalents
cash	-29,037	59,467	-9,751	-35,478	16,661	23,571	23,940	-8,376	-18,394	24,395	-10,372	7,114	10,175
overdraft	0	0	0	0	0	-21,053	21,053	0	0	0	0	0	0
change in cash	-29,037	59,467	-9,751	-35,478	16,661	44,624	2,887	-8,376	-18,394	24,395	-10,372	7,114	10,175

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEDITERRANEAN FOODS (LONDON) LTD group structure

Mediterranean Foods (London) Ltd has no subsidiary companies.

Ultimate parent company

MEDITERRANEAN FOODS (LONDON) LTD

03988505

MEDITERRANEAN FOODS (LONDON) LTD Shareholders

zain hussain	50.94%
jinan al-kadhi	24.53%
amel el-achkar	9.43%
wafaa mahdi	9.43%
hesham youssef el achkar	5.66%

Mediterranean Foods (London) Ltd currently has 2 directors. The longest serving directors include Mrs Jinan Al-Kadhi (Feb 2017) and Mr Sheazad Hussain (Nov 2018).

officer	country	age	start	end	role
Mrs Jinan Al-Kadhi	England	42 years	Feb 2017	-	Director
Mr Sheazad Hussain		44 years	Nov 2018	-	Director

P&L

May 2022

turnover

2.5m

+16%

operating profit

37.6k

gross margin

25.8%

+0.51%

turnover

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

Balance Sheet

May 2022

net assets

-71.9k

-0.02%

total assets

1.2m

+0.12%

cash

53.9k

-0.35%

net assets

Total assets minus all liabilities

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company number

03988505

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

May 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

100 st james road, northampton, NN5 5LF

last accounts submitted

May 2022

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 6 charges/mortgages relating to mediterranean foods (london) ltd. Currently there are 2 open charges and 4 have been satisfied in the past.

mediterranean foods (london) ltd Company Information

mediterranean foods (london) ltd Estimated Valuation

mediterranean foods (london) ltd Estimated Valuation

mediterranean foods (london) ltd Estimated Valuation

Mediterranean Foods (london) Ltd Overview

Mediterranean Foods (london) Ltd Health Check

MEDITERRANEAN FOODS (LONDON) LTD financials

mediterranean foods (london) ltd Credit Report and Business Information

Mediterranean Foods (london) Ltd Competitor Analysis

mediterranean foods (london) ltd Ownership

mediterranean foods (london) ltd directors

mediterranean foods (london) ltd company details

mediterranean foods (london) ltd Charges & Mortgages

mediterranean foods (london) ltd Companies House Filings - See Documents