M I B United Meat Limited

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m i b united meat limited Company Information

Live

EstablishedSmallDeclining

Company Number

05322953

Website

www.unitedmeat.co.uk

Registered Address

unit 1-2, leaside industrial estate, enfield, middlesex, EN3 7RL

Industry

Wholesale of meat and meat products

Telephone

02084433239

Next Accounts Due

October 2024

Group Structure

View All

Directors

Mustafa Temiz19 Years

Shareholders

temiz holdings limited 100%

m i b united meat limited Estimated Valuation

£281.3k - £943.1k

The estimated valuation range for m i b united meat limited, derived from financial data as of January 2023 and the most recent industry multiples, is between £281.3k to £943.1k

Get a detailed valuation report, edit figures and unlock valuation multiples.

M I B United Meat Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

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M I B United Meat Limited is a live company located in enfield, EN3 7RL with a Companies House number of 05322953. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in January 2005, it's largest shareholder is temiz holdings limited with a 100% stake. M I B United Meat Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.

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Pomanda's financial health check has awarded M I B United Meat Limited a 3 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 Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £4m, make it smaller than the average company (£24.2m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (4.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M I B UNITED MEAT LIMITED group structure

M I B United Meat Limited has no subsidiary companies.

Ultimate parent company

TEMIZ HOLDINGS LIMITED

11025950

1 parent

M I B UNITED MEAT LIMITED

05322953

M I B UNITED MEAT LIMITED Shareholders

temiz holdings limited

100%

M I B United Meat Limited currently has 1 director, Mr Mustafa Temiz serving since Jan 2005.

officer	country	age	start	end	role
Mr Mustafa Temiz	England	48 years	Jan 2005	-	Director

EXPORT

M I B United Meat Limited's latest turnover from January 2023 is estimated at £4 million and the company has net assets of £469.9 thousand. According to their latest financial statements, M I B United Meat Limited has 24 employees and maintains cash reserves of £148.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	4,044,437	3,480,397	3,937,643	4,321,729	4,259,410	3,478,206	2,178,378	1,694,543	1,727,803	1,508,172	992,402	1,011,888	488,177	673,997
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,687,118	3,207,797	3,698,635	4,041,699	3,931,604	3,413,789	2,110,881	1,579,475	1,612,861	1,399,707	918,891	831,865	400,489	537,741
Gross Profit	357,319	272,600	239,008	280,030	327,806	64,417	67,497	115,067	114,942	108,464	73,511	180,023	87,688	136,256
Admin Expenses	331,827	279,971	229,728	199,029	262,745	-110,600	18,482	112,418	134,902	107,684	87,141	122,657	71,824	97,634
Operating Profit	25,492	-7,371	9,280	81,001	65,061	175,017	49,015	2,649	-19,960	780	-13,630	57,366	15,864	38,622
Interest Payable	0	0	0	0	0	0	0	0	0	0	983	0	3	0
Interest Receivable	5,564	235	127	2,251	1,381	27	20	44	108	101	94	0	0	0
Pre-Tax Profit	31,056	-7,136	9,407	83,252	66,442	175,044	49,035	2,693	-19,852	881	-14,519	57,366	15,867	38,622
Tax	-5,901	0	-1,787	-15,818	-12,624	-33,258	-9,807	-538	0	-203	0	0	-4,796	-4,410
Profit After Tax	25,155	-7,136	7,620	67,434	53,818	141,786	39,228	2,154	-19,852	678	-14,519	57,366	11,071	34,212
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	20,000	12,000	10,000
Retained Profit	25,155	-7,136	7,620	67,434	53,818	141,786	39,228	2,154	-19,852	678	-14,519	37,366	-929	24,212
Employee Costs	935,762	856,470	832,341	870,511	728,057	723,491	581,121	502,719	55,621	56,131	27,208	28,302	27,290	33,486
Number Of Employees	24	25	25	27	24	25	20	18	2	2	1	1	1	1
EBITDA*	87,722	40,594	54,729	121,148	97,068	211,737	83,397	29,064	1,149	19,790	10,901	80,536	21,927	45,565

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	220,713	176,448	180,265	148,590	126,717	134,881	125,529	105,663	94,433	86,042	80,907	82,568	14,137	20,200
Intangible Assets	0	0	0	3,000	6,000	9,000	12,000	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	220,713	176,448	180,265	151,590	132,717	143,881	137,529	105,663	94,433	86,042	80,907	82,568	14,137	20,200
Stock & work in progress	80,450	34,365	122,958	125,320	215,320	71,325	39,457	45,695	101,865	86,580	55,680	20,616	7,048	27,514
Trade Debtors	628,540	585,543	686,987	697,928	658,331	625,147	312,394	214,115	224,924	209,039	159,134	126,486	91,380	82,959
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	4,641	2,536	5,933
Cash	148,255	169,690	18,646	236,148	364,174	4,018	6,912	8,694	8,751	34,368	6,035	31,706	8,113	701
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	857,245	789,598	828,591	1,059,396	1,237,825	700,490	358,763	268,504	335,540	329,987	220,849	183,449	109,077	117,107
total assets	1,077,958	966,046	1,008,856	1,210,986	1,370,542	844,371	496,292	374,167	429,973	416,029	301,756	266,017	123,214	137,307
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	30,248	738	15,138
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	584,806	487,977	430,178	674,129	645,490	397,293	310,498	232,181	290,141	256,345	142,750	27,208	56,529	67,293
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	14,153	18,743	10,000
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	0	0	0	0	0	0	2,999	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	17,884	11,045	7,788
total current liabilities	584,806	487,977	430,178	674,129	645,490	397,293	310,498	232,181	290,141	256,345	142,750	92,492	87,055	100,219
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	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	23,261	33,333	126,806	92,605	348,234	124,078	4,580	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	23,261	33,333	126,806	92,605	348,234	124,078	4,580	0	0	0	0	0	0	0
total liabilities	608,067	521,310	556,984	766,734	993,724	521,371	315,078	232,181	290,141	256,345	142,750	92,492	87,055	100,219
net assets	469,891	444,736	451,872	444,252	376,818	323,000	181,214	141,986	139,832	159,684	159,006	173,525	36,159	37,088
total shareholders funds	469,891	444,736	451,872	444,252	376,818	323,000	181,214	141,986	139,832	159,684	159,006	173,525	36,159	37,088

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	25,492	-7,371	9,280	81,001	65,061	175,017	49,015	2,649	-19,960	780	-13,630	57,366	15,864	38,622
Depreciation	62,230	47,965	42,449	37,147	29,007	33,720	31,382	26,415	21,109	19,010	24,531	23,170	6,063	6,943
Amortisation	0	0	3,000	3,000	3,000	3,000	3,000	0	0	0	0	0	0	0
Tax	-5,901	0	-1,787	-15,818	-12,624	-33,258	-9,807	-538	0	-203	0	0	-4,796	-4,410
Stock	46,085	-88,593	-2,362	-90,000	143,995	31,868	-6,238	-56,170	15,285	30,900	35,064	13,568	-20,466	27,514
Debtors	42,997	-101,444	-10,941	39,597	33,184	312,753	98,279	-10,809	15,885	49,905	28,007	37,211	5,024	88,892
Creditors	96,829	57,799	-243,951	28,639	248,197	86,795	78,317	-57,960	33,796	113,595	115,542	-29,321	-10,764	67,293
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	-17,884	6,839	3,257	7,788
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	89,568	288,430	-177,706	184,372	155,462	-79,347	59,866	37,545	3,775	52,377	45,488	7,275	25,066	-170
Investing Activities
capital expenditure	-106,495	-44,148	-74,124	-59,020	-20,843	-43,072	-66,248	-37,645	-29,500	-24,145	-22,870	-91,601	0	-27,143
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-106,495	-44,148	-74,124	-59,020	-20,843	-43,072	-66,248	-37,645	-29,500	-24,145	-22,870	-91,601	0	-27,143
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-14,153	-4,590	8,743	10,000
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	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	-2,999	2,999	0	0
other long term liabilities	-10,072	-93,473	34,201	-255,629	224,156	119,498	4,580	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	100,000	0	12,876
interest	5,564	235	127	2,251	1,381	27	20	44	108	101	-889	0	-3	0
cash flow from financing	-4,508	-93,238	34,328	-253,378	225,537	119,525	4,600	44	108	101	-18,041	98,409	8,740	22,876
cash and cash equivalents
cash	-21,435	151,044	-217,502	-128,026	360,156	-2,894	-1,782	-57	-25,617	28,333	-25,671	23,593	7,412	701
overdraft	0	0	0	0	0	0	0	0	0	0	-30,248	29,510	-14,400	15,138
change in cash	-21,435	151,044	-217,502	-128,026	360,156	-2,894	-1,782	-57	-25,617	28,333	4,577	-5,917	21,812	-14,437

P&L

January 2023

turnover

+16%

operating profit

25.5k

gross margin

8.9%

+12.8%

turnover

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

Balance Sheet

January 2023

net assets

469.9k

+0.06%

total assets

1.1m

+0.12%

cash

148.3k

-0.13%

net assets

Total assets minus all liabilities

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company number

05322953

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

January 2005

age

accounts

Unaudited Abridged

ultimate parent company

TEMIZ HOLDINGS LIMITED

previous names

m i b uniserv limited (November 2008)

t&e yasa limited (May 2006)

incorporated

address

unit 1-2, leaside industrial estate, enfield, middlesex, EN3 7RL

last accounts submitted

January 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 6 charges/mortgages relating to m i b united meat limited. Currently there are 5 open charges and 1 have been satisfied in the past.

m i b united meat limited Company Information

m i b united meat limited Estimated Valuation

m i b united meat limited Estimated Valuation

m i b united meat limited Estimated Valuation

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M I B UNITED MEAT LIMITED financials

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