middle caves ltd

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middle caves ltd Company Information

Share MIDDLE CAVES LTD

Company Number

04974633

Shareholders

holmedale valley limited

Group Structure

View All

Industry

Raising of swine/pigs

 

Registered Address

pond dale gilling west, richmond, DL10 5LB

Website

-

middle caves ltd Estimated Valuation

£35.9m

Pomanda estimates the enterprise value of MIDDLE CAVES LTD at £35.9m based on a Turnover of £34.9m and 1.03x industry multiple (adjusted for size and gross margin).

middle caves ltd Estimated Valuation

£57.3m

Pomanda estimates the enterprise value of MIDDLE CAVES LTD at £57.3m based on an EBITDA of £6.1m and a 9.34x industry multiple (adjusted for size and gross margin).

middle caves ltd Estimated Valuation

£27.6m

Pomanda estimates the enterprise value of MIDDLE CAVES LTD at £27.6m based on Net Assets of £17.2m and 1.6x industry multiple (adjusted for liquidity).

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Middle Caves Ltd Overview

Middle Caves Ltd is a live company located in richmond, DL10 5LB with a Companies House number of 04974633. It operates in the raising of swine/pigs sector, SIC Code 01460. Founded in November 2003, it's largest shareholder is holmedale valley limited with a 100% stake. Middle Caves Ltd is a mature, large sized company, Pomanda has estimated its turnover at £34.9m with high growth in recent years.

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Middle Caves Ltd Health Check

Pomanda's financial health check has awarded Middle Caves Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £34.9m, make it larger than the average company (£24.2m)

£34.9m - Middle Caves Ltd

£24.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (12.2%)

24% - Middle Caves Ltd

12.2% - Industry AVG

production

Production

with a gross margin of 23.9%, this company has a comparable cost of product (20.9%)

23.9% - Middle Caves Ltd

20.9% - Industry AVG

profitability

Profitability

an operating margin of 16.3% make it more profitable than the average company (7.2%)

16.3% - Middle Caves Ltd

7.2% - Industry AVG

employees

Employees

with 28 employees, this is below the industry average (42)

28 - Middle Caves Ltd

42 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.3k, the company has a higher pay structure (£36.3k)

£47.3k - Middle Caves Ltd

£36.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.2m, this is more efficient (£594k)

£1.2m - Middle Caves Ltd

£594k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is near the average (15 days)

15 days - Middle Caves Ltd

15 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 31 days, this is quicker than average (37 days)

31 days - Middle Caves Ltd

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 54 days, this is less than average (101 days)

54 days - Middle Caves Ltd

101 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (8 weeks)

61 weeks - Middle Caves Ltd

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 26.2%, this is a lower level of debt than the average (50.8%)

26.2% - Middle Caves Ltd

50.8% - Industry AVG

MIDDLE CAVES LTD financials

EXPORTms excel logo

Middle Caves Ltd's latest turnover from March 2024 is £34.9 million and the company has net assets of £17.2 million. According to their latest financial statements, Middle Caves Ltd has 28 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover34,886,21429,004,14220,197,75518,509,27117,841,07716,303,99616,929,77316,201,47514,429,94214,751,98513,742,36813,141,18310,897,45610,150,5259,431,183
Other Income Or Grants
Cost Of Sales26,541,95124,745,62817,988,14815,417,93315,231,66913,584,31013,054,10310,430,98310,718,31010,820,10310,883,48410,585,4648,628,2517,968,3647,005,454
Gross Profit8,344,2634,258,5142,209,6073,091,3382,609,4082,719,6863,875,6705,770,4923,711,6323,931,8822,858,8842,555,7192,269,2052,182,1612,425,729
Admin Expenses2,660,7452,387,3251,877,2571,671,7021,343,1841,704,2441,473,5862,762,1422,162,2082,550,0501,082,3271,063,7921,452,1081,017,5761,203,011
Operating Profit5,683,5181,871,189332,3501,419,6361,266,2241,015,4422,402,0843,008,3501,549,4241,381,8321,776,5571,491,927817,0971,164,5851,222,718
Interest Payable69,30048,24825,84934,86052,5485,0026341793,956
Interest Receivable57,65732,90235,29433,62756,56165,86427,31168,9358,22219,50919,87949,766201,688138,3307
Pre-Tax Profit5,671,8751,855,843341,7951,418,4031,270,2371,130,8172,474,4213,082,2871,557,7971,401,722797,129541,9931,018,7851,302,9151,218,769
Tax-279,849-2,480-3,34098,673-303,944391,460-494,005-573,783141,784-293,474-214,208-161,495-260,925-402,771-307,854
Profit After Tax5,392,0261,853,363338,4551,517,076966,2931,522,2771,980,4162,508,5041,699,5811,108,248582,921380,498757,860900,144910,915
Dividends Paid411,5006,058,000200,000100,000100,000150,000150,000166,000
Retained Profit4,980,526-4,204,637138,4551,417,076866,2931,372,2771,830,4162,342,5041,699,5811,108,248582,921380,498757,860900,144910,915
Employee Costs1,324,455895,334754,767830,401698,666701,362632,349581,727532,564510,024381,599374,217336,583327,500330,064
Number Of Employees282220192019191717191214131212
EBITDA*6,132,6662,255,971741,9861,806,0171,658,8651,440,2012,832,8613,429,6691,974,4671,893,5562,059,6391,749,7971,042,0461,265,2811,292,173

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets6,755,6715,825,2979,719,4069,389,6829,909,9779,833,3808,190,1028,105,4784,962,7373,795,7002,181,9991,938,3921,744,0461,347,886558,554
Intangible Assets
Investments & Other4,763,6593,503,2573,210,6973,061,1961,499,9111,692,2321,097,3611,052,3351111
Debtors (Due After 1 year)
Total Fixed Assets11,519,3309,328,55412,930,10312,450,87811,409,88811,525,6129,287,4639,157,8134,962,7383,795,7012,182,0001,938,3931,744,0461,347,886558,554
Stock & work in progress3,988,9714,648,9893,799,9872,962,4732,826,9831,920,1801,341,2901,276,2581,658,9131,815,5731,444,2391,126,9381,172,606706,955693,161
Trade Debtors1,499,3071,439,8341,966,8191,317,326945,1921,011,384946,768583,377633,520609,992776,756724,562607,800595,741338,324
Group Debtors
Misc Debtors833,990512,2891,847,7941,993,2241,888,8072,848,9412,753,632986,3291,263,9111,453,9681,621,2641,709,9742,640,9251,951,20591,171
Cash5,486,0792,232,3799691,200,3131,835,134122,513420,8971,395,9055,490,851648,577974,9341,039,47723,761882,5664,566,399
misc current assets
total current assets11,808,3478,833,4917,615,5697,473,3367,496,1165,903,0185,462,5874,241,8699,047,1954,528,1104,817,1934,600,9514,445,0924,136,4675,689,055
total assets23,327,67718,162,04520,545,67219,924,21418,906,00417,428,63014,750,05013,399,68214,009,9338,323,8116,999,1936,539,3446,189,1385,484,3536,247,609
Bank overdraft126,368
Bank loan58,45256,751
Trade Creditors 2,301,9332,392,9651,814,4511,291,099992,4101,020,4311,334,413937,9851,226,9171,155,1981,070,1851,314,2751,114,6821,089,3702,805,746
Group/Directors Accounts
other short term finances
hp & lease commitments15,00037,050
other current liabilities2,271,8902,218,724890,081929,869625,87689,365573,2971,460,8284,121,768249,736156,15477,968322,093384,431385,371
total current liabilities4,632,2754,668,4402,830,9002,235,9681,655,3361,109,7961,907,7102,398,8135,348,6851,404,9341,226,3391,392,2431,436,7751,473,8013,191,117
loans833,416891,803948,5471,010,5002,110,5002,110,500
hp & lease commitments15,000
Accruals and Deferred Income5,5046,475
other liabilities1,0841,2751,5001,7642,076
provisions632,247352,398311,959361,671225,857174,950180,802169,240171,527128,03589,43445,63137,86753,916
total long term liabilities1,466,7471,245,4761,262,0061,373,9352,353,4332,285,450180,802169,240171,527128,03594,93852,10637,86753,916
total liabilities6,099,0225,913,9164,092,9063,609,9034,008,7693,395,2462,088,5122,568,0535,520,2121,532,9691,321,2771,444,3491,474,6421,527,7173,191,117
net assets17,228,65512,248,12916,452,76616,314,31114,897,23514,033,38412,661,53810,831,6298,489,7216,790,8425,677,9165,094,9954,714,4963,956,6363,056,492
total shareholders funds17,228,65512,248,12916,452,76616,314,31114,897,23514,033,38412,661,53810,831,6298,489,7216,790,8425,677,9165,094,9954,714,4963,956,6363,056,492
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit5,683,5181,871,189332,3501,419,6361,266,2241,015,4422,402,0843,008,3501,549,4241,381,8321,776,5571,491,927817,0971,164,5851,222,718
Depreciation449,148384,782409,636386,381392,641424,759430,777421,319425,043511,724283,082257,870224,949100,69669,455
Amortisation
Tax-279,849-2,480-3,34098,673-303,944391,460-494,005-573,783141,784-293,474-214,208-161,495-260,925-402,771-307,854
Stock-660,018849,002837,514135,490906,803578,89065,032-382,655-156,660371,334317,301-45,668465,65113,794693,161
Debtors381,174-1,862,490504,063476,551-1,026,326159,9252,130,694-327,725-166,529-334,060-36,516-814,189701,7792,117,451429,495
Creditors-91,032578,514523,352298,689-28,021-313,982396,428-288,93271,71985,013-244,090199,59325,312-1,716,3762,805,746
Accruals and Deferred Income53,1661,328,643-39,788303,993536,511-483,932-887,531-2,660,9403,872,03288,07877,215-237,650-62,338-940385,371
Deferred Taxes & Provisions279,84940,439-49,712135,81450,907-5,85211,562-2,28743,49238,60143,8037,764-16,04953,916
Cash flow from operations6,373,6445,214,575-169,0792,031,1452,033,841289,080-336,411614,1076,426,6831,774,5001,441,5742,417,866-439,384-2,932,1353,052,780
Investing Activities
capital expenditure-2,675,074-653,139-4,954,374-1,610,609-2,125,316-478,010-452,216-616,759-892,319-317,911
Change in Investments1,260,402292,560149,5011,561,285-192,321594,87145,0261,052,3341
cash flow from investments-1,260,402-292,560-149,501-1,561,285192,321-3,269,945-698,165-6,006,708-1,610,609-2,125,316-478,010-452,217-616,759-892,319-317,911
Financing Activities
Bank loans1,70156,751
Group/Directors Accounts
Other Short Term Loans
Long term loans-58,387-56,744-61,953-1,100,0002,110,500
Hire Purchase and Lease Commitments-15,000-37,05052,050
other long term liabilities-191-225-264-3122,076
share issue-2,442-431-507-596-7024,67812,145,577
interest-11,643-15,3469,445-1,2334,01365,86427,31163,9337,58819,33019,87949,766201,688138,330-3,949
cash flow from financing-68,520-15,564-67,772-1,138,59555,6972,175,93326,80463,3376,88624,00819,87949,767201,688138,3302,141,628
cash and cash equivalents
cash3,253,7002,231,410-1,199,344-634,8211,712,621-298,384-975,008-4,094,9464,842,274-326,357-64,5431,015,716-858,805-3,683,8334,566,399
overdraft-126,368126,368
change in cash3,253,7002,357,778-1,325,712-634,8211,712,621-298,384-975,008-4,094,9464,842,274-326,357-64,5431,015,716-858,805-3,683,8334,566,399

middle caves ltd 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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Middle Caves Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for middle caves ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in DL10 area or any other competitors across 12 key performance metrics.

middle caves ltd Ownership

MIDDLE CAVES LTD group structure

Middle Caves Ltd has no subsidiary companies.

Ultimate parent company

MIDDLE CAVES LTD

04974633

MIDDLE CAVES LTD Shareholders

holmedale valley limited 100%

middle caves ltd directors

Middle Caves Ltd currently has 2 directors. The longest serving directors include Mr Timothy Westgarth (Dec 2003) and Mr Paul Westgarth (Dec 2003).

officercountryagestartendrole
Mr Timothy WestgarthEngland51 years Dec 2003- Director
Mr Paul WestgarthEngland57 years Dec 2003- Director

P&L

March 2024

turnover

34.9m

+20%

operating profit

5.7m

+204%

gross margin

24%

+62.91%

turnover

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

Balance Sheet

March 2024

net assets

17.2m

+0.41%

total assets

23.3m

+0.28%

cash

5.5m

+1.46%

net assets

Total assets minus all liabilities

middle caves ltd company details

company number

04974633

Type

Private limited with Share Capital

industry

01460 - Raising of swine/pigs

incorporation date

November 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

AZETS AUDIT SERVICES

address

pond dale gilling west, richmond, DL10 5LB

Bank

-

Legal Advisor

-

middle caves ltd 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 8 charges/mortgages relating to middle caves ltd. Currently there are 2 open charges and 6 have been satisfied in the past.

middle caves ltd Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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middle caves ltd Companies House Filings - See Documents

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