magna foodservice limited
magna foodservice limited Company Information
Company Number
08411684
Website
http://ksmtrading.co.ukRegistered Address
19 - 21, phoenix way, hounslow, TW5 9NB
Industry
Wholesale of other food, including fish, crustaceans and molluscs
Other food service activities
Telephone
08455211152
Next Accounts Due
December 2024
Group Structure
View All
Directors
Khalid Mirza11 Years
Shareholders
khalid mirza 50%
zanab mirza 50%
magna foodservice limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNA FOODSERVICE LIMITED at £42.7m based on a Turnover of £48.7m and 0.88x industry multiple (adjusted for size and gross margin).
magna foodservice limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNA FOODSERVICE LIMITED at £11.7m based on an EBITDA of £1.3m and a 8.78x industry multiple (adjusted for size and gross margin).
magna foodservice limited Estimated Valuation
Pomanda estimates the enterprise value of MAGNA FOODSERVICE LIMITED at £7.8m based on Net Assets of £3.1m and 2.49x industry multiple (adjusted for liquidity).
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Magna Foodservice Limited Overview
Magna Foodservice Limited is a live company located in hounslow, TW5 9NB with a Companies House number of 08411684. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in February 2013, it's largest shareholder is khalid mirza with a 50% stake. Magna Foodservice Limited is a established, large sized company, Pomanda has estimated its turnover at £48.7m with rapid growth in recent years.
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Magna Foodservice Limited Health Check
Pomanda's financial health check has awarded Magna Foodservice Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £48.7m, make it larger than the average company (£15.5m)
£48.7m - Magna Foodservice Limited
£15.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 63%, show it is growing at a faster rate (5.4%)
- Magna Foodservice Limited
5.4% - Industry AVG
Production
with a gross margin of 15.9%, this company has a higher cost of product (20.3%)
15.9% - Magna Foodservice Limited
20.3% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (3%)
1.8% - Magna Foodservice Limited
3% - Industry AVG
Employees
with 92 employees, this is above the industry average (24)
92 - Magna Foodservice Limited
24 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£31.3k)
£34.5k - Magna Foodservice Limited
£31.3k - Industry AVG
Efficiency
resulting in sales per employee of £529.4k, this is more efficient (£338.2k)
£529.4k - Magna Foodservice Limited
£338.2k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (35 days)
12 days - Magna Foodservice Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (33 days)
28 days - Magna Foodservice Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (33 days)
16 days - Magna Foodservice Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is average cash available to meet short term requirements (16 weeks)
13 weeks - Magna Foodservice Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.2%, this is a lower level of debt than the average (65.1%)
57.2% - Magna Foodservice Limited
65.1% - Industry AVG
MAGNA FOODSERVICE LIMITED financials
Magna Foodservice Limited's latest turnover from March 2023 is £48.7 million and the company has net assets of £3.1 million. According to their latest financial statements, Magna Foodservice Limited has 92 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 48,701,022 | 40,137,431 | 10,788,127 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 40,951,177 | 33,811,422 | 9,196,567 | 0 | ||||||
| Gross Profit | 7,749,845 | 6,326,009 | 1,591,560 | 0 | ||||||
| Admin Expenses | 6,897,609 | 5,371,357 | 1,231,159 | 196 | ||||||
| Operating Profit | 852,236 | 954,652 | 360,401 | -196 | ||||||
| Interest Payable | 39,673 | 3,806 | 12,713 | 0 | ||||||
| Interest Receivable | 237 | 46 | 0 | 0 | ||||||
| Pre-Tax Profit | 812,800 | 950,892 | 347,688 | -196 | ||||||
| Tax | -111,829 | -139,196 | -25,674 | 0 | ||||||
| Profit After Tax | 700,971 | 811,696 | 322,014 | -196 | ||||||
| Dividends Paid | 168,000 | 130,000 | 30,000 | 0 | ||||||
| Retained Profit | 532,971 | 681,696 | 292,014 | -196 | ||||||
| Employee Costs | 3,176,622 | 1,143,125 | 469,068 | 0 | ||||||
| Number Of Employees | 92 | 39 | 40 | 45 | ||||||
| EBITDA* | 1,335,546 | 1,186,836 | 511,424 | -196 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,482,744 | 1,209,215 | 761,498 | 785,846 | 667,760 | 602,965 | 520,964 | 270,516 | 287,675 | 0 |
| Intangible Assets | 67,750 | 337,500 | 371,250 | 405,000 | 438,750 | 472,500 | 506,250 | 540,000 | 607,500 | 0 |
| Investments & Other | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 199,000 | 199,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,749,495 | 1,745,716 | 1,132,748 | 1,190,846 | 1,106,510 | 1,075,465 | 1,027,214 | 810,516 | 895,175 | 0 |
| Stock & work in progress | 1,831,149 | 1,495,812 | 1,150,000 | 604,225 | 550,000 | 525,000 | 356,327 | 206,327 | 203,190 | 0 |
| Trade Debtors | 1,703,510 | 1,787,566 | 1,533,184 | 1,678,060 | 1,354,027 | 868,779 | 571,112 | 546,643 | 185,114 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 27,609 | 50,318 | 0 | 0 | 0 |
| Misc Debtors | 988,934 | 1,426,310 | 803,025 | 33,345 | 0 | 201,462 | 78,751 | 0 | 50,293 | 0 |
| Cash | 1,033,724 | 768,652 | 889,007 | 462,846 | 411,103 | 158,906 | 33,472 | 34,174 | 24,349 | 4 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,557,317 | 5,478,340 | 4,375,216 | 2,778,476 | 2,315,130 | 1,781,756 | 1,089,980 | 787,144 | 462,946 | 4 |
| total assets | 7,306,812 | 7,224,056 | 5,507,964 | 3,969,322 | 3,421,640 | 2,857,221 | 2,117,194 | 1,597,660 | 1,358,121 | 4 |
| Bank overdraft | 10,001 | 149,553 | 0 | 0 | 0 | 0 | 0 | 34,141 | 16,742 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,145,769 | 3,379,746 | 1,350,535 | 750,191 | 1,391,567 | 1,159,440 | 693,243 | 577,419 | 590,149 | 100 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 193,805 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 140,171 | 240,197 | 323,034 | 150,916 | 207,767 | 200,443 | 143,558 | 65,327 | 65,327 | 0 |
| other current liabilities | 605,502 | 671,508 | 312,955 | 334,555 | 120,244 | 84,913 | 74,965 | 185,962 | 96,745 | 0 |
| total current liabilities | 3,901,443 | 4,441,004 | 1,986,524 | 1,235,662 | 1,719,578 | 1,444,796 | 911,766 | 862,849 | 962,768 | 100 |
| loans | 21,666 | 31,667 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 255,901 | 156,554 | 540,321 | 466,539 | 190,341 | 263,638 | 321,113 | 86,185 | 103,435 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 277,567 | 188,221 | 590,321 | 466,539 | 190,341 | 263,638 | 321,113 | 86,185 | 103,435 | 0 |
| total liabilities | 4,179,010 | 4,629,225 | 2,576,845 | 1,702,201 | 1,909,919 | 1,708,434 | 1,232,879 | 949,034 | 1,066,203 | 100 |
| net assets | 3,127,802 | 2,594,831 | 2,931,119 | 2,267,121 | 1,511,721 | 1,148,787 | 884,315 | 648,626 | 291,918 | -96 |
| total shareholders funds | 3,127,802 | 2,594,831 | 2,931,119 | 2,267,121 | 1,511,721 | 1,148,787 | 884,315 | 648,626 | 291,918 | -96 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Feb 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 852,236 | 954,652 | 360,401 | -196 | ||||||
| Depreciation | 213,560 | 198,434 | 204,474 | 196,461 | 166,940 | 150,741 | 130,241 | 90,171 | 83,523 | 0 |
| Amortisation | 269,750 | 33,750 | 33,750 | 33,750 | 33,750 | 33,750 | 33,750 | 67,500 | 67,500 | 0 |
| Tax | -111,829 | -139,196 | -25,674 | 0 | ||||||
| Stock | 335,337 | 345,812 | 545,775 | 54,225 | 25,000 | 168,673 | 150,000 | 3,137 | 203,190 | 0 |
| Debtors | -521,432 | 1,076,667 | 624,804 | 357,378 | 256,177 | 397,669 | 153,538 | 311,236 | 235,407 | 0 |
| Creditors | -233,977 | 2,029,211 | 600,344 | -641,376 | 232,127 | 466,197 | 115,824 | -12,730 | 590,049 | 100 |
| Accruals and Deferred Income | -66,006 | 358,553 | -21,600 | 214,311 | 35,331 | 9,948 | -110,997 | 89,217 | 96,745 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,109,829 | 2,012,925 | 733,947 | -96 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | ||||||||
| Change in Investments | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -1 | ||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -193,805 | 193,805 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,001 | -18,333 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -679 | -466,604 | 245,900 | 219,347 | -65,973 | -590 | 313,159 | -17,250 | 168,762 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -39,436 | -3,760 | -12,713 | 0 | ||||||
| cash flow from financing | -50,116 | -1,506,681 | 349,854 | 100 | ||||||
| cash and cash equivalents | ||||||||||
| cash | 265,072 | -120,355 | 426,161 | 51,743 | 252,197 | 125,434 | -702 | 9,825 | 24,345 | 4 |
| overdraft | -139,552 | 149,553 | 0 | 0 | 0 | 0 | -34,141 | 17,399 | 16,742 | 0 |
| change in cash | 404,624 | -269,908 | 426,161 | 51,743 | 252,197 | 125,434 | 33,439 | -7,574 | 7,603 | 4 |
magna foodservice limited Credit Report and Business Information
Magna Foodservice Limited Competitor Analysis
Perform a competitor analysis for magna foodservice limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
magna foodservice limited Ownership
MAGNA FOODSERVICE LIMITED group structure
Magna Foodservice Limited has 2 subsidiary companies.
Ultimate parent company
MAGNA FOODSERVICE LIMITED
08411684
2 subsidiaries
magna foodservice limited directors
Magna Foodservice Limited currently has 1 director, Mr Khalid Mirza serving since Feb 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Khalid Mirza | England | 56 years | Feb 2013 | - | Director |
P&L
March 2023turnover
48.7m
+21%
operating profit
852.2k
-11%
gross margin
16%
+0.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.1m
+0.21%
total assets
7.3m
+0.01%
cash
1m
+0.34%
net assets
Total assets minus all liabilities
Similar Companies
magna foodservice limited company details
company number
08411684
Type
Private limited with Share Capital
industry
46380 - Wholesale of other food, including fish, crustaceans and molluscs
56290 - Other food service activities
incorporation date
February 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
ksm trading limited (May 2018)
incorporated
UK
address
19 - 21, phoenix way, hounslow, TW5 9NB
last accounts submitted
March 2023
magna foodservice 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 did not find charges/mortgages relating to magna foodservice limited.
magna foodservice limited Companies House Filings - See Documents
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