Majestic Meat Ltd

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majestic meat ltd Company Information

Live

EstablishedMidHealthy

Company Number

08357766

Website

http://majesticmeats.uk

Registered Address

unit 2&3 york street, bradford, westyorkshire, BD8 0HR

Industry

Production of meat and poultry meat products

Wholesale of meat and meat products

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Telephone

01274544675

Next Accounts Due

October 2024

Group Structure

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Directors

Munawar Zaman9 Years

Shareholders

majestic meat holdings ltd 100%

majestic meat ltd Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of MAJESTIC MEAT LTD at £2.1m based on Net Assets of £1.1m and 1.84x industry multiple (adjusted for liquidity).

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Majestic Meat Ltd is a live company located in westyorkshire, BD8 0HR with a Companies House number of 08357766. It operates in the processing and preserving of meat sector, SIC Code 10110. Founded in January 2013, it's largest shareholder is majestic meat holdings ltd with a 100% stake. Majestic Meat Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Majestic Meat Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £5.8m, make it smaller than the average company (£27.1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.8%)

EXPORT

Majestic Meat Ltd's latest turnover from January 2023 is estimated at £5.8 million and the company has net assets of £1.1 million. According to their latest financial statements, Majestic Meat Ltd has 26 employees and maintains cash reserves of £821.3 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
Turnover	5,774,561	6,259,367	5,715,638	4,720,687	5,941,843	3,420,136	1,361,042	1,240,786	2,197,984	1,401,089
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,927,829	5,326,565	4,931,132	4,125,529	5,171,517	2,981,252	1,171,639	1,060,950	1,914,810	1,228,714
Gross Profit	846,732	932,801	784,506	595,158	770,326	438,883	189,403	179,836	283,175	172,376
Admin Expenses	513,726	696,714	660,579	494,515	899,283	223,517	-80,923	51,481	203,507	127,080
Operating Profit	333,006	236,087	123,927	100,643	-128,957	215,366	270,326	128,355	79,668	45,296
Interest Payable	60,680	30,145	9,421	1,103	3,550	5,184	6,152	4,632	0	0
Interest Receivable	21,553	1,377	445	806	584	585	227	471	295	42
Pre-Tax Profit	293,879	207,319	114,951	100,347	-131,923	210,767	264,401	124,194	79,963	45,338
Tax	-55,837	-39,391	-21,841	-19,066	0	-40,046	-52,880	-24,839	-16,792	-10,428
Profit After Tax	238,042	167,928	93,110	81,281	-131,923	170,721	211,521	99,355	63,171	34,910
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	238,042	167,928	93,110	81,281	-131,923	170,721	211,521	99,355	63,171	34,910
Employee Costs	861,778	735,626	745,497	289,871	275,623	211,026	158,834	127,982	224,490	150,302
Number Of Employees	26	24	25	10	10	8	6	5	9	6
EBITDA*	379,603	285,738	174,983	161,199	-59,010	301,458	367,169	199,051	89,305	56,131

* 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
Tangible Assets	455,268	468,935	220,821	239,391	276,016	339,963	380,668	305,859	101,598	43,340
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	455,268	468,935	220,821	239,391	276,016	339,963	380,668	305,859	101,598	43,340
Stock & work in progress	342,712	309,326	326,771	339,076	343,000	326,637	57,681	42,470	32,266	15,548
Trade Debtors	375,528	702,856	415,699	565,194	898,865	384,331	218,044	199,359	210,496	168,186
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	387,739	427,635	15,591	25,933	0	0	0	0	0	0
Cash	821,344	410,270	690,947	199,203	15,822	139,821	94,103	87,318	101,269	16,830
misc current assets	0	0	0	0	0	0	5,434	0	0	0
total current assets	1,927,323	1,850,087	1,449,008	1,129,406	1,296,833	850,789	375,262	329,147	344,031	200,564
total assets	2,382,591	2,319,022	1,669,829	1,368,797	1,572,849	1,190,752	755,930	635,006	445,629	243,904
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	108,939	101,733	30,329	0	0	0	0	0	0	0
Trade Creditors	562,988	619,249	547,782	459,719	508,124	238,997	85,472	76,931	347,547	208,993
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	102,433	121,284	123,686	247,368	0	166,900	107,172	118,105	0	0
total current liabilities	774,360	842,266	701,797	707,087	977,899	405,897	192,644	195,036	347,547	208,993
loans	480,115	586,682	245,886	32,674	0	105,177	54,329	142,534	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	47,195	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	480,115	586,682	245,886	32,674	47,195	105,177	54,329	142,534	0	0
total liabilities	1,254,475	1,428,948	947,683	739,761	1,025,094	511,074	246,973	337,570	347,547	208,993
net assets	1,128,116	890,074	722,146	629,036	547,755	679,678	508,957	297,436	98,082	34,911
total shareholders funds	1,128,116	890,074	722,146	629,036	547,755	679,678	508,957	297,436	98,082	34,911

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014
Operating Activities
Operating Profit	333,006	236,087	123,927	100,643	-128,957	215,366	270,326	128,355	79,668	45,296
Depreciation	46,597	49,651	51,056	60,556	69,947	86,092	96,843	70,696	9,637	10,835
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-55,837	-39,391	-21,841	-19,066	0	-40,046	-52,880	-24,839	-16,792	-10,428
Stock	33,386	-17,445	-12,305	-3,924	16,363	268,956	15,211	10,204	16,718	15,548
Debtors	-367,224	699,201	-159,837	-346,884	553,680	166,287	18,685	-11,137	42,310	168,186
Creditors	-56,261	71,467	88,063	-48,405	269,127	153,525	8,541	-270,616	138,554	208,993
Accruals and Deferred Income	-18,851	-2,402	-123,682	247,368	-166,900	59,728	-10,933	118,105	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	582,492	-366,344	289,665	691,904	-526,826	39,422	278,001	22,634	152,039	70,962
Investing Activities
capital expenditure	-32,930	-297,765	-32,486	-23,931	-6,000	-45,387	-171,652	-274,957	-67,895	-54,175
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-32,930	-297,765	-32,486	-23,931	-6,000	-45,387	-171,652	-274,957	-67,895	-54,175
Financing Activities
Bank loans	7,206	71,404	30,329	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-106,567	340,796	213,212	32,674	-105,177	50,848	-88,205	142,534	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-47,195	47,195	0	0	0	0	0
share issue	0	0	0	0	0	0	0	99,999	0	1
interest	-39,127	-28,768	-8,976	-297	-2,966	-4,599	-5,925	-4,161	295	42
cash flow from financing	-138,488	383,432	234,565	-14,818	-60,948	46,249	-94,130	238,372	295	43
cash and cash equivalents
cash	411,074	-280,677	491,744	183,381	-123,999	45,718	6,785	-13,951	84,439	16,830
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	411,074	-280,677	491,744	183,381	-123,999	45,718	6,785	-13,951	84,439	16,830

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAJESTIC MEAT LTD group structure

Majestic Meat Ltd has no subsidiary companies.

Ultimate parent company

MAJESTIC MEAT LTD

08357766

MAJESTIC MEAT LTD Shareholders

majestic meat holdings ltd

100%

Majestic Meat Ltd currently has 1 director, Mr Munawar Zaman serving since Sep 2014.

officer	country	age	start	end	role
Mr Munawar Zaman	United Kingdom	43 years	Sep 2014	-	Director

P&L

January 2023

turnover

5.8m

-8%

operating profit

333k

gross margin

14.7%

-1.61%

turnover

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

Balance Sheet

January 2023

net assets

1.1m

+0.27%

total assets

2.4m

+0.03%

cash

821.3k

+1%

net assets

Total assets minus all liabilities

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company number

08357766

Type

Private limited with Share Capital

industry

10110 - Processing and preserving of meat

10130 - Production of meat and poultry meat products

46320 - Wholesale of meat and meat products

incorporation date

January 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

bradford halal meat ltd (August 2014)

incorporated

address

unit 2&3 york street, bradford, westyorkshire, BD8 0HR

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 5 charges/mortgages relating to majestic meat ltd. Currently there are 0 open charges and 5 have been satisfied in the past.

majestic meat ltd Company Information

majestic meat ltd Estimated Valuation

majestic meat ltd Estimated Valuation

majestic meat ltd Estimated Valuation

Majestic Meat Ltd Overview

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MAJESTIC MEAT LTD financials

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