mars food uk limited
mars food uk limited Company Information
Company Number
06649971
Website
https://www.mars.com/Registered Address
3d dundee road, slough, berkshire, SL1 4LG
Industry
Manufacture of other food products n.e.c.
Telephone
01753691000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
food manufacturers (g.b. company) 100%
mars food uk limited Estimated Valuation
Pomanda estimates the enterprise value of MARS FOOD UK LIMITED at £264.4m based on a Turnover of £198.8m and 1.33x industry multiple (adjusted for size and gross margin).
mars food uk limited Estimated Valuation
Pomanda estimates the enterprise value of MARS FOOD UK LIMITED at £257.5m based on an EBITDA of £27.7m and a 9.28x industry multiple (adjusted for size and gross margin).
mars food uk limited Estimated Valuation
Pomanda estimates the enterprise value of MARS FOOD UK LIMITED at £366.6m based on Net Assets of £175.6m and 2.09x industry multiple (adjusted for liquidity).
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Mars Food Uk Limited Overview
Mars Food Uk Limited is a live company located in berkshire, SL1 4LG with a Companies House number of 06649971. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in July 2008, it's largest shareholder is food manufacturers (g.b. company) with a 100% stake. Mars Food Uk Limited is a established, mega sized company, Pomanda has estimated its turnover at £198.8m with declining growth in recent years.
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Mars Food Uk Limited Health Check
Pomanda's financial health check has awarded Mars Food Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £199.2m, make it larger than the average company (£19m)
£199.2m - Mars Food Uk Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (0.9%)
-2% - Mars Food Uk Limited
0.9% - Industry AVG
Production
with a gross margin of 22.2%, this company has a comparable cost of product (25.6%)
22.2% - Mars Food Uk Limited
25.6% - Industry AVG
Profitability
an operating margin of 9.7% make it more profitable than the average company (4.6%)
9.7% - Mars Food Uk Limited
4.6% - Industry AVG
Employees
with 299 employees, this is above the industry average (109)
299 - Mars Food Uk Limited
109 - Industry AVG
Pay Structure
on an average salary of £109.4k, the company has a higher pay structure (£33.4k)
£109.4k - Mars Food Uk Limited
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £666.2k, this is more efficient (£185.1k)
£666.2k - Mars Food Uk Limited
£185.1k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (50 days)
17 days - Mars Food Uk Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (44 days)
77 days - Mars Food Uk Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is less than average (50 days)
37 days - Mars Food Uk Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Mars Food Uk Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.8%, this is a lower level of debt than the average (59.1%)
41.8% - Mars Food Uk Limited
59.1% - Industry AVG
MARS FOOD UK LIMITED financials
Mars Food Uk Limited's latest turnover from December 2022 is £198.8 million and the company has net assets of £175.6 million. According to their latest financial statements, Mars Food Uk Limited has 277 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 198,824,000 | 199,196,000 | 233,154,000 | 212,768,000 | 219,179,000 | 218,838,000 | 218,205,000 | 235,025,000 | 233,461,000 | 230,506,000 | 228,764,000 | 227,150,000 | 219,011,000 | 222,611,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 149,858,000 | 155,076,000 | 169,064,000 | 158,251,000 | 168,102,000 | 161,313,000 | 152,032,000 | 165,449,000 | 164,464,000 | 161,870,000 | 163,886,000 | 161,603,000 | 159,705,000 | 156,334,000 |
| Gross Profit | 48,966,000 | 44,120,000 | 64,090,000 | 54,517,000 | 51,077,000 | 57,525,000 | 66,173,000 | 69,576,000 | 68,997,000 | 68,636,000 | 64,878,000 | 65,547,000 | 59,306,000 | 66,277,000 |
| Admin Expenses | 29,299,000 | 24,867,000 | 23,920,000 | 22,879,000 | 22,174,000 | 25,203,000 | 22,011,000 | 22,728,000 | 31,286,000 | 33,622,000 | 29,677,000 | 25,899,000 | 22,559,000 | 21,164,000 |
| Operating Profit | 19,667,000 | 19,253,000 | 40,170,000 | 31,638,000 | 28,903,000 | 32,322,000 | 44,162,000 | 46,848,000 | 37,711,000 | 35,014,000 | 35,201,000 | 39,648,000 | 36,747,000 | 45,113,000 |
| Interest Payable | 81,000 | 245,000 | 425,000 | 60,000 | 142,000 | 43,000 | 50,000 | 863,000 | 180,000 | 150,000 | 65,000 | 73,000 | 55,000 | 58,000 |
| Interest Receivable | 1,726,000 | 0 | 4,000 | 103,000 | 3,000 | 172,000 | 2,526,000 | 2,552,000 | 2,261,000 | 1,899,000 | 1,549,000 | 1,239,000 | 829,000 | 110,000 |
| Pre-Tax Profit | 21,312,000 | 19,008,000 | 39,749,000 | 31,681,000 | 28,764,000 | 32,078,000 | 47,245,000 | 48,537,000 | 39,792,000 | 36,763,000 | 36,685,000 | 40,814,000 | 37,521,000 | 45,165,000 |
| Tax | -3,935,000 | -2,499,000 | -7,225,000 | -6,410,000 | -5,768,000 | -6,605,000 | -9,311,000 | -9,857,000 | -8,863,000 | -8,544,000 | -9,161,000 | -10,912,000 | -10,585,000 | -12,891,000 |
| Profit After Tax | 17,377,000 | 16,509,000 | 32,524,000 | 25,271,000 | 22,996,000 | 25,473,000 | 37,934,000 | 38,680,000 | 30,929,000 | 28,219,000 | 27,524,000 | 29,902,000 | 26,936,000 | 32,274,000 |
| Dividends Paid | 0 | 60,000,000 | 0 | 0 | 0 | 191,876,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 17,377,000 | -43,491,000 | 32,524,000 | 25,271,000 | 22,996,000 | -166,403,000 | 37,934,000 | 38,680,000 | 30,929,000 | 28,219,000 | 27,524,000 | 29,902,000 | 26,936,000 | 32,274,000 |
| Employee Costs | 31,107,000 | 32,713,000 | 26,755,000 | 25,035,000 | 23,457,000 | 23,719,000 | 22,165,000 | 20,521,000 | 22,929,000 | 25,981,000 | 22,629,000 | 16,885,000 | 12,426,000 | 12,174,000 |
| Number Of Employees | 277 | 299 | 296 | 295 | 311 | 305 | 315 | 309 | 273 | 273 | 281 | 266 | 220 | 215 |
| EBITDA* | 27,741,000 | 24,121,000 | 45,690,000 | 36,823,000 | 33,888,000 | 38,573,000 | 48,243,000 | 49,967,000 | 40,734,000 | 38,013,000 | 38,365,000 | 42,619,000 | 39,297,000 | 47,759,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,911,000 | 45,138,000 | 31,576,000 | 32,322,000 | 33,999,000 | 35,759,000 | 37,449,000 | 24,708,000 | 20,903,000 | 21,100,000 | 22,944,000 | 23,589,000 | 20,186,000 | 16,390,000 |
| Intangible Assets | 9,121,000 | 9,345,000 | 9,639,000 | 9,961,000 | 10,255,000 | 10,603,000 | 11,143,000 | 11,221,000 | 10,689,000 | 10,689,000 | 10,689,000 | 10,689,000 | 10,689,000 | 10,689,000 |
| Investments & Other | 0 | 0 | 5,827,000 | 0 | 0 | 10,009,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 80,354,000 | 64,998,000 | 0 | 5,851,000 | 24,890,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 130,386,000 | 119,481,000 | 47,042,000 | 48,134,000 | 69,144,000 | 56,371,000 | 48,592,000 | 35,929,000 | 31,592,000 | 31,789,000 | 33,633,000 | 34,278,000 | 30,875,000 | 27,079,000 |
| Stock & work in progress | 11,461,000 | 15,785,000 | 16,214,000 | 17,853,000 | 11,338,000 | 11,442,000 | 9,634,000 | 9,769,000 | 12,462,000 | 9,887,000 | 9,597,000 | 9,329,000 | 7,772,000 | 6,539,000 |
| Trade Debtors | 7,801,000 | 9,398,000 | 8,458,000 | 6,411,000 | 11,808,000 | 15,243,000 | 10,651,000 | 11,792,000 | 10,245,000 | 10,841,000 | 9,247,000 | 7,274,000 | 5,184,000 | 8,377,000 |
| Group Debtors | 117,682,000 | 115,789,000 | 178,411,000 | 133,260,000 | 104,045,000 | 74,940,000 | 243,273,000 | 221,681,000 | 188,345,000 | 153,626,000 | 124,908,000 | 100,560,000 | 78,060,000 | 48,949,000 |
| Misc Debtors | 19,578,000 | 4,826,000 | 10,341,000 | 5,122,000 | 1,869,000 | 2,097,000 | 4,120,000 | 2,238,000 | 2,048,000 | 2,109,000 | 1,687,000 | 2,083,000 | 1,386,000 | 1,460,000 |
| Cash | 1,098,000 | 2,232,000 | 1,161,000 | 2,822,000 | 1,297,000 | 1,367,000 | 1,280,000 | 1,289,000 | 1,112,000 | 492,000 | 1,268,000 | 2,955,000 | 1,509,000 | 1,588,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,779,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 157,620,000 | 148,030,000 | 214,585,000 | 165,468,000 | 130,357,000 | 105,089,000 | 268,958,000 | 267,548,000 | 214,212,000 | 176,955,000 | 146,707,000 | 122,201,000 | 93,911,000 | 66,913,000 |
| total assets | 288,006,000 | 267,511,000 | 261,627,000 | 213,602,000 | 199,501,000 | 161,460,000 | 317,550,000 | 303,477,000 | 245,804,000 | 208,744,000 | 180,340,000 | 156,479,000 | 124,786,000 | 93,992,000 |
| 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 | 38,477,000 | 32,746,000 | 28,919,000 | 26,923,000 | 25,810,000 | 31,360,000 | 27,892,000 | 22,099,000 | 19,952,000 | 17,115,000 | 15,469,000 | 20,174,000 | 19,232,000 | 14,264,000 |
| Group/Directors Accounts | 11,363,000 | 12,679,000 | 12,110,000 | 11,340,000 | 11,349,000 | 10,297,000 | 10,049,000 | 15,679,000 | 17,290,000 | 15,077,000 | 18,912,000 | 17,202,000 | 17,786,000 | 15,664,000 |
| other short term finances | 0 | 298,000 | 287,000 | 507,000 | 11,000 | 139,000 | 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 | 28,135,000 | 27,473,000 | 41,679,000 | 30,782,000 | 28,933,000 | 22,499,000 | 23,481,000 | 24,695,000 | 22,032,000 | 21,471,000 | 21,051,000 | 20,758,000 | 19,598,000 | 23,095,000 |
| total current liabilities | 77,975,000 | 73,196,000 | 82,995,000 | 69,552,000 | 66,103,000 | 64,295,000 | 61,422,000 | 62,473,000 | 59,274,000 | 53,663,000 | 55,432,000 | 58,134,000 | 56,616,000 | 53,023,000 |
| 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 | 7,684,000 | 10,008,000 | 0 | 10,000 | 4,000 | 27,000 | 44,000 | 56,000 | 69,000 | 79,000 | 81,000 | 103,000 | 115,000 | 135,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 17,668,000 | 10,835,000 | 0 | 0 | 1,457,000 | 0 | 0 | 3,773,000 | 769,000 | 552,000 | 23,000 | 966,000 | 831,000 | 546,000 |
| total long term liabilities | 34,456,000 | 38,711,000 | 26,852,000 | 25,994,000 | 19,311,000 | 16,629,000 | 17,823,000 | 8,951,000 | 3,732,000 | 1,916,000 | 335,000 | 1,219,000 | 946,000 | 681,000 |
| total liabilities | 112,431,000 | 111,907,000 | 109,847,000 | 95,546,000 | 85,414,000 | 80,924,000 | 79,245,000 | 71,424,000 | 63,006,000 | 55,579,000 | 55,767,000 | 59,353,000 | 57,562,000 | 53,704,000 |
| net assets | 175,575,000 | 155,604,000 | 151,780,000 | 118,056,000 | 114,087,000 | 80,536,000 | 238,305,000 | 232,053,000 | 182,798,000 | 153,165,000 | 124,573,000 | 97,126,000 | 67,224,000 | 40,288,000 |
| total shareholders funds | 175,575,000 | 155,604,000 | 151,780,000 | 118,056,000 | 114,087,000 | 80,536,000 | 238,305,000 | 232,053,000 | 182,798,000 | 153,165,000 | 124,573,000 | 97,126,000 | 67,224,000 | 40,288,000 |
| Dec 2022 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jan 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 19,667,000 | 19,253,000 | 40,170,000 | 31,638,000 | 28,903,000 | 32,322,000 | 44,162,000 | 46,848,000 | 37,711,000 | 35,014,000 | 35,201,000 | 39,648,000 | 36,747,000 | 45,113,000 |
| Depreciation | 7,860,000 | 4,574,000 | 5,198,000 | 4,879,000 | 4,662,000 | 5,602,000 | 3,998,000 | 3,036,000 | 3,023,000 | 2,999,000 | 3,164,000 | 2,971,000 | 2,550,000 | 2,646,000 |
| Amortisation | 214,000 | 294,000 | 322,000 | 306,000 | 323,000 | 649,000 | 83,000 | 83,000 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -3,935,000 | -2,499,000 | -7,225,000 | -6,410,000 | -5,768,000 | -6,605,000 | -9,311,000 | -9,857,000 | -8,863,000 | -8,544,000 | -9,161,000 | -10,912,000 | -10,585,000 | -12,891,000 |
| Stock | -4,753,000 | -429,000 | 16,214,000 | 6,515,000 | -104,000 | 1,808,000 | 9,634,000 | 9,769,000 | 2,575,000 | 290,000 | 268,000 | 2,790,000 | 1,233,000 | 6,539,000 |
| Debtors | 28,205,000 | -2,199,000 | 197,210,000 | 8,032,000 | 50,332,000 | -165,764,000 | 258,044,000 | 235,711,000 | 34,062,000 | 30,734,000 | 25,925,000 | 51,131,000 | 25,844,000 | 58,786,000 |
| Creditors | 9,558,000 | 3,827,000 | 28,919,000 | 1,113,000 | -5,550,000 | 3,468,000 | 27,892,000 | 22,099,000 | 2,837,000 | 1,646,000 | -4,705,000 | 5,910,000 | 4,968,000 | 14,264,000 |
| Accruals and Deferred Income | -5,860,000 | -4,198,000 | 41,679,000 | 1,855,000 | 6,411,000 | -999,000 | 23,525,000 | 24,751,000 | 551,000 | 418,000 | 271,000 | -2,369,000 | -3,517,000 | 23,230,000 |
| Deferred Taxes & Provisions | 17,668,000 | 10,835,000 | 0 | -1,457,000 | 1,457,000 | 0 | 0 | 3,773,000 | 217,000 | 529,000 | -943,000 | 420,000 | 285,000 | 546,000 |
| Cash flow from operations | 21,720,000 | 34,714,000 | -104,361,000 | 17,377,000 | -19,790,000 | 198,393,000 | -177,329,000 | -154,747,000 | -1,161,000 | 1,038,000 | -2,366,000 | -18,253,000 | 3,371,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -5,827,000 | -5,827,000 | 5,827,000 | 0 | -10,009,000 | 10,009,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -747,000 | 569,000 | 12,110,000 | -9,000 | 1,052,000 | 248,000 | 10,049,000 | 15,679,000 | 2,213,000 | -3,835,000 | 1,710,000 | 1,538,000 | 2,122,000 | 15,664,000 |
| Other Short Term Loans | -287,000 | 11,000 | 287,000 | 496,000 | -128,000 | 139,000 | 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 | ||||||||||||||
| interest | 1,645,000 | -245,000 | -421,000 | 43,000 | -139,000 | 129,000 | 2,476,000 | 1,689,000 | 2,081,000 | 1,749,000 | 1,484,000 | 1,166,000 | 774,000 | 52,000 |
| cash flow from financing | 7,029,000 | 47,650,000 | 131,232,000 | -20,772,000 | 11,340,000 | 9,150,000 | 212,896,000 | 210,741,000 | 2,998,000 | -1,713,000 | 3,117,000 | 29,640,000 | 2,896,000 | 23,730,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -63,000 | 1,071,000 | 1,161,000 | 1,525,000 | -70,000 | 87,000 | 1,280,000 | 1,289,000 | 620,000 | -776,000 | -1,687,000 | 1,367,000 | -79,000 | 1,588,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -63,000 | 1,071,000 | 1,161,000 | 1,525,000 | -70,000 | 87,000 | 1,280,000 | 1,289,000 | 620,000 | -776,000 | -1,687,000 | 1,367,000 | -79,000 | 1,588,000 |
mars food uk limited Credit Report and Business Information
Mars Food Uk Limited Competitor Analysis
Perform a competitor analysis for mars food uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mars food uk limited Ownership
MARS FOOD UK LIMITED group structure
Mars Food Uk Limited has no subsidiary companies.
Ultimate parent company
MARS INCORPORATED
#0002142
2 parents
MARS FOOD UK LIMITED
06649971
mars food uk limited directors
Mars Food Uk Limited currently has 4 directors. The longest serving directors include Mrs Helen Kimberley (Dec 2019) and Mrs Kajal Wood (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Helen Kimberley | 43 years | Dec 2019 | - | Director | |
| Mrs Kajal Wood | England | 42 years | May 2021 | - | Director |
| Mr Timothy Friedman | 54 years | Apr 2022 | - | Director | |
| Mr Richard Thompson | 39 years | Apr 2022 | - | Director |
P&L
December 2022turnover
198.8m
-15%
operating profit
19.7m
-51%
gross margin
24.7%
-10.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
175.6m
+0.16%
total assets
288m
+0.1%
cash
1.1m
-0.05%
net assets
Total assets minus all liabilities
Similar Companies
mars food uk limited company details
company number
06649971
Type
Private limited with Share Capital
industry
10890 - Manufacture of other food products n.e.c.
incorporation date
July 2008
age
16
accounts
Full Accounts
ultimate parent company
previous names
3598th single member shelf trading company limited (July 2008)
incorporated
UK
address
3d dundee road, slough, berkshire, SL1 4LG
last accounts submitted
December 2022
mars food uk limited 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 1 charges/mortgages relating to mars food uk limited. Currently there are 0 open charges and 1 have been satisfied in the past.
mars food uk limited Companies House Filings - See Documents
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