M L Rice Limited

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m l rice limited Company Information

Live

EstablishedMidHigh

Company Number

06137224

Next Accounts

Mar 2025

Industry

Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

Directors

David Chattwell

Raees Lakhani

Shareholders

sop international limited

Group Structure

View All

Contact

Registered Address

grafton house icon harlow, third avenue, harlow, essex, CM19 5AW

Website

www.sopinternational.com

m l rice limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of M L RICE LIMITED at £5.1m based on Net Assets of £3.3m and 1.54x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

M L Rice Limited is a live company located in harlow, CM19 5AW with a Companies House number of 06137224. It operates in the wholesale of grain, unmanufactured tobacco, seeds and animal feeds sector, SIC Code 46210. Founded in March 2007, it's largest shareholder is sop international limited with a 100% stake. M L Rice Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.4m with high growth in recent years.

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Pomanda's financial health check has awarded M L Rice Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £9.4m, make it smaller than the average company (£33.9m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (7.8%)

EXPORT

M L Rice Limited's latest turnover from June 2023 is estimated at £9.4 million and the company has net assets of £3.3 million. According to their latest financial statements, M L Rice Limited has 3 employees and maintains cash reserves of £571 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jul 2022	Jul 2021	Jul 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	9,364,278	5,674,606	5,000,304	4,281,971	4,393,670	4,266,425	3,212,859	2,677,918	2,815,248	4,928,523	4,929,390	5,119,653	6,350,609	5,563,100
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,957,870	5,409,991	4,790,800	4,107,631	4,235,928	4,088,674	3,061,508	2,556,846	2,712,856	4,785,545	4,787,471	4,965,560	6,114,710	5,324,850
Gross Profit	406,408	264,615	209,504	174,339	157,742	177,751	151,351	121,073	102,392	142,978	141,919	154,093	235,899	238,249
Admin Expenses	-326,529	-420,444	-40,906	-31,377	-72,801	-81,645	-18,343	-44,215	-75,968	-73,570	-24,537	29,912	97,964	-452,354
Operating Profit	732,937	685,059	250,410	205,716	230,543	259,396	169,694	165,288	178,360	216,548	166,456	124,181	137,935	690,603
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	41,140	14,988	1,009	578	2,827	1,904	1,540	3,486	3,363	3,398	2,657	2,426	2,328	947
Pre-Tax Profit	774,077	700,047	251,420	206,294	233,370	261,300	171,235	168,774	181,723	219,946	169,113	126,607	140,264	691,550
Tax	-193,519	-133,009	-47,770	-39,196	-44,340	-49,647	-32,535	-33,755	-36,344	-46,189	-38,896	-30,386	-36,469	-193,634
Profit After Tax	580,558	567,038	203,650	167,098	189,030	211,653	138,700	135,019	145,378	173,757	130,217	96,221	103,795	497,916
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	580,558	567,038	203,650	167,098	189,030	211,653	138,700	135,019	145,378	173,757	130,217	96,221	103,795	497,916
Employee Costs	140,390	146,620	133,314	90,080	90,927	87,989	83,699	81,299	39,834	76,593	76,323	75,730	110,297	75,433
Number Of Employees	3	3	3	2	2	2	2	2	1	2	2	2	3	2
EBITDA*	733,036	685,298	250,541	205,847	230,718	259,630	169,806	165,437	178,614	216,790	166,779	124,612	138,296	691,022

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jul 2022	Jul 2021	Jul 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	620	719	263	395	526	701	336	448	763	726	968	1,291	1,084	1,445
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	620	719	263	395	526	701	336	448	763	726	968	1,291	1,084	1,445
Stock & work in progress	24,244	58,636	71,866	30,152	37,474	25,918	29,817	0	11,783	21,044	0	0	0	0
Trade Debtors	2,054,630	1,327,076	1,136,328	1,179,037	1,268,072	1,152,476	824,581	591,974	700,073	857,725	650,933	808,157	882,271	747,295
Group Debtors	2,547,499	1,466,589	486,950	600,519	714,916	809,987	507,690	165,288	0	0	0	0	0	0
Misc Debtors	12,286	19,799	29,711	12,443	9,170	18,734	6,398	4,011	0	0	0	0	0	0
Cash	571,013	1,074,598	1,323,409	695,149	461,229	292,639	469,002	763,179	631,046	713,967	645,041	417,888	552,370	378,918
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,209,672	3,946,698	3,048,264	2,517,300	2,490,861	2,299,754	1,837,488	1,524,452	1,342,902	1,592,736	1,295,974	1,226,045	1,434,641	1,126,213
total assets	5,210,292	3,947,417	3,048,527	2,517,695	2,491,387	2,300,455	1,837,824	1,524,900	1,343,665	1,593,462	1,296,942	1,227,336	1,435,725	1,127,658
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,557,330	958,746	691,205	435,262	589,665	601,245	363,536	189,639	196,281	591,456	468,693	529,304	833,914	629,642
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0
other current liabilities	312,832	229,099	164,788	93,549	79,936	66,454	53,185	52,858	0	0	0	0	0	0
total current liabilities	1,870,162	1,187,845	855,993	528,811	669,601	667,699	416,721	242,497	196,281	591,456	468,693	529,304	833,914	629,642
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	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,870,162	1,187,845	855,993	528,811	669,601	667,699	416,721	242,497	196,281	591,456	468,693	529,304	833,914	629,642
net assets	3,340,130	2,759,572	2,192,534	1,988,884	1,821,786	1,632,756	1,421,103	1,282,403	1,147,384	1,002,006	828,249	698,032	601,811	498,016
total shareholders funds	3,340,130	2,759,572	2,192,534	1,988,884	1,821,786	1,632,756	1,421,103	1,282,403	1,147,384	1,002,006	828,249	698,032	601,811	498,016

	Jun 2023	Jul 2022	Jul 2021	Jul 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	732,937	685,059	250,410	205,716	230,543	259,396	169,694	165,288	178,360	216,548	166,456	124,181	137,935	690,603
Depreciation	99	239	131	131	175	234	112	149	254	242	323	431	361	419
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-193,519	-133,009	-47,770	-39,196	-44,340	-49,647	-32,535	-33,755	-36,344	-46,189	-38,896	-30,386	-36,469	-193,634
Stock	-34,392	-13,230	41,714	-7,322	11,556	-3,899	29,817	-11,783	-9,261	21,044	0	0	0	0
Debtors	1,800,951	1,160,475	-139,010	-200,159	10,961	642,528	577,396	61,200	-157,652	206,792	-157,224	-74,114	134,976	747,295
Creditors	598,584	267,541	255,943	-154,403	-11,580	237,709	173,897	-6,642	-395,175	122,763	-60,611	-304,610	204,272	629,642
Accruals and Deferred Income	83,733	64,311	71,239	13,613	13,482	13,269	327	52,858	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-544,725	-263,104	627,249	233,342	165,763	-177,668	-295,718	128,481	-85,992	65,528	224,496	-136,270	171,123	379,735
Investing Activities
capital expenditure	0	-695	1	0	0	-599	0	166	-291	0	0	-638	0	-1,864
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-695	1	0	0	-599	0	166	-291	0	0	-638	0	-1,864
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	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	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	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	41,140	14,988	1,009	578	2,827	1,904	1,540	3,486	3,363	3,398	2,657	2,426	2,328	947
cash flow from financing	41,140	14,988	1,009	578	2,827	1,904	1,540	3,486	3,363	3,398	2,657	2,426	2,328	1,047
cash and cash equivalents
cash	-503,585	-248,811	628,260	233,920	168,590	-176,363	-294,177	132,133	-82,921	68,926	227,153	-134,482	173,452	378,918
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-503,585	-248,811	628,260	233,920	168,590	-176,363	-294,177	132,133	-82,921	68,926	227,153	-134,482	173,452	378,918

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m l rice limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in CM19 area or any other competitors across 12 key performance metrics.

M L RICE LIMITED group structure

M L Rice Limited has no subsidiary companies.

Ultimate parent company

SOP INTERNATIONAL LIMITED

01865316

1 parent

M L RICE LIMITED

06137224

M L RICE LIMITED Shareholders

sop international limited

100%

M L Rice Limited currently has 2 directors. The longest serving directors include Mr David Chattwell (Aug 2022) and Mr Raees Lakhani (Oct 2022).

officer	country	age	start	end	role
Mr David Chattwell	England	47 years	Aug 2022	-	Director
Mr Raees Lakhani	England	67 years	Oct 2022	-	Director

P&L

June 2023

turnover

9.4m

+65%

operating profit

732.9k

gross margin

4.4%

-6.93%

turnover

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

Balance Sheet

June 2023

net assets

3.3m

+0.21%

total assets

5.2m

+0.32%

cash

571k

-0.47%

net assets

Total assets minus all liabilities

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company number

06137224

Type

Private limited with Share Capital

industry

46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

incorporation date

March 2007

ultimate parent company

SOP INTERNATIONAL LIMITED

previous names

N/A

address

grafton house icon harlow, third avenue, harlow, essex, CM19 5AW

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.

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m l rice limited Company Information

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m l rice limited Estimated Valuation

m l rice limited Estimated Valuation

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M L RICE LIMITED financials

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