meinbank farm

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meinbank farm Company Information

Share MEINBANK FARM

Company Number

06207213

Directors

Jean Irving

Michael Irving

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Shareholders

robert howson irving

michael robert irving

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

c/o marrs accountancy, warwick mill business centre, carlisle, cumbria, CA4 8RR

Website

-

meinbank farm Estimated Valuation

£293.6k

Pomanda estimates the enterprise value of MEINBANK FARM at £293.6k based on a Turnover of £744k and 0.39x industry multiple (adjusted for size and gross margin).

meinbank farm Estimated Valuation

£421k

Pomanda estimates the enterprise value of MEINBANK FARM at £421k based on an EBITDA of £150k and a 2.81x industry multiple (adjusted for size and gross margin).

meinbank farm Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of MEINBANK FARM at £1.3m based on Net Assets of £533.3k and 2.37x industry multiple (adjusted for liquidity).

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Meinbank Farm Overview

Meinbank Farm is a live company located in carlisle, CA4 8RR with a Companies House number of 06207213. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2007, it's largest shareholder is robert howson irving with a 33.4% stake. Meinbank Farm is a established, small sized company, Pomanda has estimated its turnover at £744k with rapid growth in recent years.

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Meinbank Farm Health Check

Pomanda's financial health check has awarded Meinbank Farm a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £744k, make it smaller than the average company (£1.6m)

£744k - Meinbank Farm

£1.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 166%, show it is growing at a faster rate (4.2%)

166% - Meinbank Farm

4.2% - Industry AVG

production

Production

with a gross margin of 16.7%, this company has a higher cost of product (36.7%)

16.7% - Meinbank Farm

36.7% - Industry AVG

profitability

Profitability

an operating margin of 16.2% make it more profitable than the average company (6.9%)

16.2% - Meinbank Farm

6.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (28)

3 - Meinbank Farm

28 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)

£35.6k - Meinbank Farm

£35.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £248k, this is more efficient (£129k)

£248k - Meinbank Farm

£129k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is earlier than average (40 days)

25 days - Meinbank Farm

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 234 days, this is slower than average (35 days)

234 days - Meinbank Farm

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 309 days, this is more than average (26 days)

309 days - Meinbank Farm

26 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is less cash available to meet short term requirements (26 weeks)

16 weeks - Meinbank Farm

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44.6%, this is a lower level of debt than the average (67.3%)

44.6% - Meinbank Farm

67.3% - Industry AVG

MEINBANK FARM financials

EXPORTms excel logo

Meinbank Farm's latest turnover from March 2015 is estimated at £744 thousand and the company has net assets of £533.3 thousand. According to their latest financial statements, we estimate that Meinbank Farm has 3 employees and maintains cash reserves of £127.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover744,022162,14287,90939,469753,251689,813
Other Income Or Grants000000
Cost Of Sales619,514135,04472,74832,330613,533555,932
Gross Profit124,50827,09715,1627,139139,718133,882
Admin Expenses4,200-13,645-5,255-2,46952,725-310,809
Operating Profit120,30840,74220,4179,60886,993444,691
Interest Payable000000
Interest Receivable31972124140130
Pre-Tax Profit120,62740,74920,4389,63187,133444,821
Tax-25,332-9,372-4,905-2,504-24,397-124,550
Profit After Tax95,29531,37715,5337,12762,736320,271
Dividends Paid000000
Retained Profit95,29531,37715,5337,12762,736320,271
Employee Costs106,65135,29834,80934,707102,888106,167
Number Of Employees311133
EBITDA*150,02472,20269,65062,860135,569444,691

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets168,386195,786209,211127,388100,21556,900
Intangible Assets00025,74256,63287,523
Investments & Other0327,359259,644271,51900
Debtors (Due After 1 year)000000
Total Fixed Assets168,386523,145468,855424,649156,847144,423
Stock & work in progress524,86500000
Trade Debtors51,789000261,248218,547
Group Debtors000000
Misc Debtors000000
Cash127,43902,9125,4563,96952,101
misc current assets89,55600000
total current assets793,64902,9125,456265,217270,648
total assets962,035523,145471,767430,105422,064415,071
Bank overdraft000000
Bank loan000000
Trade Creditors 398,65250,37528,66114,02317,70782,720
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities000000
total current liabilities398,65250,37528,66114,02317,70782,720
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions30,04434,72636,43924,94820,35011,080
total long term liabilities30,04434,72636,43924,94820,35011,080
total liabilities428,69685,10165,10038,97138,05793,800
net assets533,339438,044406,667391,134384,007321,271
total shareholders funds533,339438,044406,667391,134384,007321,271
Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit120,30840,74220,4179,60886,993444,691
Depreciation29,71631,46023,49122,36217,6850
Amortisation0025,74230,89030,8910
Tax-25,332-9,372-4,905-2,504-24,397-124,550
Stock524,86500000
Debtors51,78900-261,24842,701218,547
Creditors348,27721,71414,638-3,684-65,01382,720
Accruals and Deferred Income000000
Deferred Taxes & Provisions-4,682-1,71311,4914,5989,27011,080
Cash flow from operations-108,36782,83190,874322,51812,728195,394
Investing Activities
capital expenditure-2,316-18,035-105,314-49,535-61,000-144,423
Change in Investments-327,35967,715-11,875271,51900
cash flow from investments325,043-85,750-93,439-321,054-61,000-144,423
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue000001,000
interest31972124140130
cash flow from financing319721241401,130
cash and cash equivalents
cash127,439-2,912-2,5441,487-48,13252,101
overdraft000000
change in cash127,439-2,912-2,5441,487-48,13252,101

meinbank farm 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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Meinbank Farm Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for meinbank farm by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in CA4 area or any other competitors across 12 key performance metrics.

meinbank farm Ownership

MEINBANK FARM group structure

Meinbank Farm has no subsidiary companies.

Ultimate parent company

MEINBANK FARM

06207213

MEINBANK FARM Shareholders

robert howson irving 33.4%
michael robert irving 33.3%
jean irving 33.3%

meinbank farm directors

Meinbank Farm currently has 3 directors. The longest serving directors include Jean Irving (Apr 2007) and Mr Michael Irving (Apr 2007).

officercountryagestartendrole
Jean IrvingScotland64 years Apr 2007- Director
Mr Michael Irving42 years Apr 2007- Director
Mr Robert IrvingScotland69 years Apr 2007- Director

P&L

March 2015

turnover

744k

+359%

operating profit

120.3k

0%

gross margin

16.8%

+0.13%

turnover

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

Balance Sheet

March 2015

net assets

533.3k

+0.22%

total assets

962k

+0.84%

cash

127.4k

0%

net assets

Total assets minus all liabilities

meinbank farm company details

company number

06207213

Type

Private unlimited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

April 2007

age

18

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Small

last accounts submitted

March 2015

previous names

meinbank farm limited (June 2014)

accountant

-

auditor

-

address

c/o marrs accountancy, warwick mill business centre, carlisle, cumbria, CA4 8RR

Bank

-

Legal Advisor

-

meinbank farm 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 did not find charges/mortgages relating to meinbank farm.

meinbank farm 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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meinbank farm Companies House Filings - See Documents

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