Matthew & Matthew Limited

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matthew & matthew limited Company Information

Live

EstablishedSmallDeclining

Company Number

06979123

Website

http://mm4law.co.uk

Registered Address

194 seabourne road, bournemouth, dorset, BH5 2JD

Industry

Solicitors

Telephone

01202431943

Next Accounts Due

June 2025

Group Structure

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Directors

David Webb14 Years

Emma King11 Years

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Shareholders

m & m (christchurch) ltd 50%

m & m (wimborne) ltd 25%

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matthew & matthew limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MATTHEW & MATTHEW LIMITED at £1.1m based on Net Assets of £640.2k and 1.67x industry multiple (adjusted for liquidity).

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Matthew & Matthew Limited is a live company located in dorset, BH5 2JD with a Companies House number of 06979123. It operates in the solicitors sector, SIC Code 69102. Founded in August 2009, it's largest shareholder is m & m (christchurch) ltd with a 50% stake. Matthew & Matthew Limited is a established, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £1.7m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.8%)

EXPORT

Matthew & Matthew Limited's latest turnover from September 2023 is estimated at £1.7 million and the company has net assets of £640.2 thousand. According to their latest financial statements, Matthew & Matthew Limited has 25 employees and maintains cash reserves of £504.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Turnover	1,706,368	1,794,283	1,924,414	2,019,404	1,700,554	1,788,222	1,738,721	1,792,627	964,403	1,037,239	1,378,351	1,950,651	1,139,635	1,145,498
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	564,979	618,691	815,965	990,552	674,091	650,040	591,575	621,041	385,630	416,410	588,351	768,653	416,143	386,190
Gross Profit	1,141,389	1,175,593	1,108,449	1,028,852	1,026,463	1,138,182	1,147,147	1,171,586	578,773	620,829	790,000	1,181,999	723,492	759,308
Admin Expenses	1,090,740	1,142,668	939,965	931,696	957,986	932,978	1,756,815	364,664	538,803	626,073	767,816	1,112,637	705,866	759,563
Operating Profit	50,649	32,925	168,484	97,156	68,477	205,204	-609,668	806,922	39,970	-5,244	22,184	69,362	17,626	-255
Interest Payable	17,249	12,208	12,001	7,625	3,947	3,947	0	0	0	0	0	0	0	0
Interest Receivable	24,190	11,504	489	419	3,127	2,916	877	788	1,235	505	807	1,326	809	290
Pre-Tax Profit	57,589	32,221	156,972	89,949	67,657	204,173	-608,791	807,710	41,205	-4,739	22,991	70,688	18,435	35
Tax	-14,397	-6,122	-29,825	-17,090	-12,855	-38,793	0	-161,542	-8,241	0	-5,288	-16,965	-4,793	-10
Profit After Tax	43,192	26,099	127,147	72,859	54,802	165,380	-608,791	646,168	32,964	-4,739	17,703	53,723	13,642	25
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	43,192	26,099	127,147	72,859	54,802	165,380	-608,791	646,168	32,964	-4,739	17,703	53,723	13,642	25
Employee Costs	943,177	901,296	971,209	951,616	1,027,027	929,358	947,159	1,026,383	522,247	585,582	781,777	1,082,632	761,538	723,431
Number Of Employees	25	26	30	30	31	31	33	34	17	20	26	35	24	23
EBITDA*	61,678	43,391	180,098	110,717	78,498	219,674	-595,114	822,583	39,970	7,478	198,820	322,835	271,414	173,585

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Tangible Assets	33,309	21,596	32,062	29,130	18,567	25,095	29,831	25,414	41,075	26,400	32,812	29,814	37,252	41,518
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	160,000	400,000	640,000
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	33,309	21,596	32,062	29,130	18,567	25,095	29,831	25,414	41,075	26,400	32,812	189,814	437,252	681,518
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	293,902	0	0	0
Trade Debtors	414,888	491,551	516,020	471,281	328,685	384,249	264,678	258,027	197,506	198,751	248,008	319,153	162,153	167,039
Group Debtors	0	0	0	0	0	0	0	552,428	0	0	0	0	0	0
Misc Debtors	182,094	247,291	183,503	168,758	39,901	140,388	89,000	85,068	209,004	0	0	0	0	0
Cash	504,922	462,665	559,923	417,326	419,777	414,161	363,352	338,436	292,218	201,866	0	322,682	207,647	115,931
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,101,904	1,201,507	1,259,446	1,057,365	788,363	938,798	717,030	1,233,959	698,728	400,617	541,910	641,835	369,800	282,970
total assets	1,135,213	1,223,103	1,291,508	1,086,495	806,930	963,893	746,861	1,259,373	739,803	427,017	574,722	831,649	807,052	964,488
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	5,429	6,870	9,033	10,937	11,715	3,482	0	0	0	342,413	484,570	575,344	469,973	471,924
Group/Directors Accounts	25,201	83,588	63,020	52,736	42,452	32,168	81,251	0	0	0	0	0	0	0
other short term finances	161,143	152,479	143,478	19,524	0	116,956	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	295,195	378,098	499,292	323,906	378,791	490,972	509,892	495,632	562,012	0	0	0	0	0
total current liabilities	486,968	621,035	714,823	407,103	432,958	643,578	591,143	495,632	562,012	342,413	484,570	575,344	469,973	471,924
loans	0	0	0	230,476	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	57,268	0	0	185,037	318,137	486,891
provisions	8,069	5,084	5,800	5,178	3,093	4,238	5,021	4,253	7,203	4,248	5,057	3,876	5,273	5,646
total long term liabilities	8,069	5,084	5,800	235,654	3,093	4,238	5,021	4,253	64,471	4,248	5,057	188,913	323,410	492,537
total liabilities	495,037	626,119	720,623	642,757	436,051	647,816	596,164	499,885	626,483	346,661	489,627	764,257	793,383	964,461
net assets	640,176	596,984	570,885	443,738	370,879	316,077	150,697	759,488	113,320	80,356	85,095	67,392	13,669	27
total shareholders funds	640,176	596,984	570,885	443,738	370,879	316,077	150,697	759,488	113,320	80,356	85,095	67,392	13,669	27

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Operating Activities
Operating Profit	50,649	32,925	168,484	97,156	68,477	205,204	-609,668	806,922	39,970	-5,244	22,184	69,362	17,626	-255
Depreciation	11,029	10,466	11,614	13,561	10,021	14,470	14,554	15,661	0	12,722	16,636	13,473	13,788	13,840
Amortisation	0	0	0	0	0	0	0	0	0	0	160,000	240,000	240,000	160,000
Tax	-14,397	-6,122	-29,825	-17,090	-12,855	-38,793	0	-161,542	-8,241	0	-5,288	-16,965	-4,793	-10
Stock	0	0	0	0	0	0	0	0	0	-293,902	293,902	0	0	0
Debtors	-141,860	39,319	59,484	271,453	-156,051	170,959	-541,845	489,013	207,759	-49,257	-71,145	157,000	-4,886	167,039
Creditors	-1,441	-2,163	-1,904	-778	8,233	3,482	0	0	-342,413	-142,157	-90,774	105,371	-1,951	471,924
Accruals and Deferred Income	-82,903	-121,194	175,386	-54,885	-112,181	-18,920	14,260	-66,380	562,012	0	0	0	0	0
Deferred Taxes & Provisions	2,985	-716	622	2,085	-1,145	-783	768	-2,950	2,955	-809	1,181	-1,397	-373	5,646
Cash flow from operations	107,782	-126,123	264,893	-231,404	116,601	-6,299	-38,241	102,698	46,524	207,671	-118,818	252,844	269,183	484,106
Investing Activities
capital expenditure	-22,742	0	-14,546	-24,124	-3,493	-9,734	-18,971	0	-14,675	-6,310	-19,634	-6,035	-9,522	-855,358
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-22,742	0	-14,546	-24,124	-3,493	-9,734	-18,971	0	-14,675	-6,310	-19,634	-6,035	-9,522	-855,358
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-58,387	20,568	10,284	10,284	10,284	-49,083	81,251	0	0	0	0	0	0	0
Other Short Term Loans	8,664	9,001	123,954	19,524	-116,956	116,956	0	0	0	0	0	0	0	0
Long term loans	0	0	-230,476	230,476	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	-57,268	57,268	0	-185,037	-133,100	-168,754	486,891
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	6,941	-704	-11,512	-7,206	-820	-1,031	877	788	1,235	505	807	1,326	809	290
cash flow from financing	-42,782	28,865	-107,750	253,078	-107,492	66,842	82,128	-56,480	58,503	505	-184,230	-131,774	-167,945	487,183
cash and cash equivalents
cash	42,257	-97,258	142,597	-2,451	5,616	50,809	24,916	46,218	90,352	201,866	-322,682	115,035	91,716	115,931
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	42,257	-97,258	142,597	-2,451	5,616	50,809	24,916	46,218	90,352	201,866	-322,682	115,035	91,716	115,931

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MATTHEW & MATTHEW LIMITED group structure

Matthew & Matthew Limited has no subsidiary companies.

Ultimate parent company

M & M (BOURNEMOUTH) LIMITED

08709419

1 parent

MATTHEW & MATTHEW LIMITED

06979123

MATTHEW & MATTHEW LIMITED Shareholders

m & m (christchurch) ltd	50%
m & m (wimborne) ltd	25%
m & m (talbot) ltd	15%
m & m (bournemouth) limited	10%

Matthew & Matthew Limited currently has 4 directors. The longest serving directors include Mr David Webb (Oct 2009) and Miss Emma King (Mar 2013).

officer	country	age	start	end	role
Mr David Webb	England	62 years	Oct 2009	-	Director
Miss Emma King		47 years	Mar 2013	-	Director
Ms Caroline Cake	United Kingdom	51 years	Sep 2018	-	Director
Ms Lalitha Dodwell	United Kingdom	41 years	Oct 2021	-	Director

P&L

September 2023

turnover

1.7m

-5%

operating profit

50.6k

gross margin

66.9%

+2.09%

turnover

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

Balance Sheet

September 2023

net assets

640.2k

+0.07%

total assets

1.1m

-0.07%

cash

504.9k

+0.09%

net assets

Total assets minus all liabilities

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company number

06979123

Type

Private limited with Share Capital

industry

69102 - Solicitors

incorporation date

August 2009

accounts

Total Exemption Full

ultimate parent company

M & M (BOURNEMOUTH) LIMITED

previous names

matthew @ matthew limited (September 2009)

last accounts submitted

September 2023

address

194 seabourne road, bournemouth, dorset, BH5 2JD

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 2 charges/mortgages relating to matthew & matthew limited. Currently there are 0 open charges and 2 have been satisfied in the past.

matthew & matthew limited Company Information

matthew & matthew limited Estimated Valuation

matthew & matthew limited Estimated Valuation

matthew & matthew limited Estimated Valuation

Matthew & Matthew Limited Overview

Matthew & Matthew Limited Health Check

MATTHEW & MATTHEW LIMITED financials

matthew & matthew limited Credit Report and Business Information

Matthew & Matthew Limited Competitor Analysis

matthew & matthew limited Ownership

matthew & matthew limited directors

matthew & matthew limited company details

matthew & matthew limited Charges & Mortgages

matthew & matthew limited Companies House Filings - See Documents