mfv la creole ii ltd
mfv la creole ii ltd Company Information
Company Number
08901489
Website
-Registered Address
unit 3 south quay, the harbour, paignton, devon, TQ4 6DT
Industry
Marine fishing
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
brown & bright holdings limited 100%
mfv la creole ii ltd Estimated Valuation
Pomanda estimates the enterprise value of MFV LA CREOLE II LTD at £224.9k based on a Turnover of £373.8k and 0.6x industry multiple (adjusted for size and gross margin).
mfv la creole ii ltd Estimated Valuation
Pomanda estimates the enterprise value of MFV LA CREOLE II LTD at £1m based on an EBITDA of £306.2k and a 3.37x industry multiple (adjusted for size and gross margin).
mfv la creole ii ltd Estimated Valuation
Pomanda estimates the enterprise value of MFV LA CREOLE II LTD at £255.3k based on Net Assets of £129.5k and 1.97x industry multiple (adjusted for liquidity).
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Mfv La Creole Ii Ltd Overview
Mfv La Creole Ii Ltd is a live company located in paignton, TQ4 6DT with a Companies House number of 08901489. It operates in the marine fishing sector, SIC Code 03110. Founded in February 2014, it's largest shareholder is brown & bright holdings limited with a 100% stake. Mfv La Creole Ii Ltd is a established, micro sized company, Pomanda has estimated its turnover at £373.8k with healthy growth in recent years.
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Mfv La Creole Ii Ltd Health Check
Pomanda's financial health check has awarded Mfv La Creole Ii Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £373.8k, make it smaller than the average company (£14.5m)
- Mfv La Creole Ii Ltd
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.8%)
- Mfv La Creole Ii Ltd
4.8% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (22.1%)
- Mfv La Creole Ii Ltd
22.1% - Industry AVG
Profitability
an operating margin of 71.3% make it more profitable than the average company (6.7%)
- Mfv La Creole Ii Ltd
6.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (22)
2 - Mfv La Creole Ii Ltd
22 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)
- Mfv La Creole Ii Ltd
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £186.9k, this is less efficient (£288.7k)
- Mfv La Creole Ii Ltd
£288.7k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (37 days)
- Mfv La Creole Ii Ltd
37 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (24 days)
- Mfv La Creole Ii Ltd
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mfv La Creole Ii Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (19 weeks)
5 weeks - Mfv La Creole Ii Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (48.5%)
90.5% - Mfv La Creole Ii Ltd
48.5% - Industry AVG
MFV LA CREOLE II LTD financials
Mfv La Creole Ii Ltd's latest turnover from March 2023 is estimated at £373.8 thousand and the company has net assets of £129.5 thousand. According to their latest financial statements, Mfv La Creole Ii Ltd has 2 employees and maintains cash reserves of £27.5 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | |||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,232,942 | 1,270,781 | 1,308,898 | 1,327,387 | 1,346,371 | 1,374,953 | 1,105,083 | 1,176,061 | 19,866 |
| Intangible Assets | 38,332 | 39,999 | 41,666 | 43,333 | 64,332 | 46,666 | 48,333 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,271,274 | 1,310,780 | 1,350,564 | 1,370,720 | 1,410,703 | 1,421,619 | 1,153,416 | 1,176,061 | 19,866 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 60,000 | 20,000 | 39,369 | 0 |
| Trade Debtors | 57,807 | 0 | 0 | 2,874 | 16,046 | 21,869 | 10,622 | 5,634 | 97,436 |
| Group Debtors | 0 | 0 | 229,875 | 803,174 | 446,829 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 1,647 | 1,921 | 7,711 | 316,705 | 185,077 | 165,466 | 0 |
| Cash | 27,487 | 181,757 | 31,169 | 37,995 | 63,340 | 0 | 0 | 0 | 342 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 85,294 | 181,757 | 262,691 | 845,964 | 533,926 | 398,574 | 215,699 | 210,469 | 97,778 |
| total assets | 1,356,568 | 1,492,537 | 1,613,255 | 2,216,684 | 1,944,629 | 1,820,193 | 1,369,115 | 1,386,530 | 117,644 |
| Bank overdraft | 0 | 0 | 0 | 53,594 | 0 | 56,022 | 86,050 | 37,718 | 0 |
| Bank loan | 98,176 | 79,430 | 53,594 | 0 | 44,354 | 45,154 | 45,154 | 0 | 0 |
| Trade Creditors | 5,822 | 0 | 9,004 | 49,537 | 16,113 | 274,709 | 118,659 | 83,192 | 14,569 |
| Group/Directors Accounts | 16,557 | 108,940 | 0 | 183,546 | 192,481 | 0 | 0 | 0 | 0 |
| other short term finances | 112,724 | 106,597 | 122,309 | 132,601 | 70,690 | 75,180 | 31,200 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 11,035 | 3,361 | 3,115 | 0 |
| other current liabilities | 40,882 | 50,026 | 19,377 | 27,471 | 22,795 | 51,497 | 50,615 | 115,596 | 0 |
| total current liabilities | 274,161 | 344,993 | 204,284 | 446,749 | 346,433 | 513,597 | 335,039 | 239,621 | 14,569 |
| loans | 804,173 | 995,398 | 1,187,482 | 1,309,206 | 976,921 | 1,256,996 | 1,079,239 | 1,144,515 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 6,975 | 10,860 | 16,004 | 16,379 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,727 |
| provisions | 148,685 | 151,014 | 116,248 | 113,627 | 99,055 | 10,691 | 0 | 0 | 0 |
| total long term liabilities | 952,858 | 1,146,412 | 1,303,730 | 1,422,833 | 1,075,976 | 1,274,662 | 1,090,099 | 1,160,519 | 105,106 |
| total liabilities | 1,227,019 | 1,491,405 | 1,508,014 | 1,869,582 | 1,422,409 | 1,788,259 | 1,425,138 | 1,400,140 | 119,675 |
| net assets | 129,549 | 1,132 | 105,241 | 347,102 | 522,220 | 31,934 | -56,023 | -13,610 | -2,031 |
| total shareholders funds | 129,549 | 1,132 | 105,241 | 347,102 | 522,220 | 31,934 | -56,023 | -13,610 | -2,031 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 37,839 | 38,117 | 18,489 | 18,984 | 20,898 | 23,501 | 20,978 | ||
| Amortisation | 1,667 | 1,667 | 1,667 | 2,333 | 2,334 | 1,667 | 1,667 | 3,973 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | -60,000 | 40,000 | -19,369 | 39,369 | 0 |
| Debtors | 57,807 | -231,522 | -576,447 | 337,383 | 132,012 | 142,875 | 24,599 | 73,664 | 97,436 |
| Creditors | 5,822 | -9,004 | -40,533 | 33,424 | -258,596 | 156,050 | 35,467 | 68,623 | 14,569 |
| Accruals and Deferred Income | -9,144 | 30,649 | -8,094 | 4,676 | -28,702 | 882 | -64,981 | 115,596 | 0 |
| Deferred Taxes & Provisions | -2,329 | 34,766 | 2,621 | 14,572 | 88,364 | 10,691 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 18,746 | 25,836 | 53,594 | -44,354 | -800 | 0 | 45,154 | 0 | 0 |
| Group/Directors Accounts | -92,383 | 108,940 | -183,546 | -8,935 | 192,481 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 6,127 | -15,712 | -10,292 | 61,911 | -4,490 | 43,980 | 31,200 | 0 | 0 |
| Long term loans | -191,225 | -192,084 | -121,724 | 332,285 | -280,075 | 177,757 | -65,276 | 1,144,515 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -18,010 | 3,789 | -4,898 | 2,740 | 16,379 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -88,727 | 88,727 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -154,270 | 150,588 | -6,826 | -25,345 | 63,340 | 0 | 0 | -342 | 342 |
| overdraft | 0 | 0 | -53,594 | 53,594 | -56,022 | -30,028 | 48,332 | 37,718 | 0 |
| change in cash | -154,270 | 150,588 | 46,768 | -78,939 | 119,362 | 30,028 | -48,332 | -38,060 | 342 |
mfv la creole ii ltd Credit Report and Business Information
Mfv La Creole Ii Ltd Competitor Analysis
Perform a competitor analysis for mfv la creole ii ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in TQ4 area or any other competitors across 12 key performance metrics.
mfv la creole ii ltd Ownership
MFV LA CREOLE II LTD group structure
Mfv La Creole Ii Ltd has no subsidiary companies.
mfv la creole ii ltd directors
Mfv La Creole Ii Ltd currently has 2 directors. The longest serving directors include Mr Paul Brown (Feb 2014) and Mr Nicholas Bright (Feb 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Brown | United Kingdom | 45 years | Feb 2014 | - | Director |
| Mr Nicholas Bright | United Kingdom | 60 years | Feb 2014 | - | Director |
P&L
March 2023turnover
373.8k
-19%
operating profit
266.7k
0%
gross margin
22.1%
-23.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
129.5k
+113.44%
total assets
1.4m
-0.09%
cash
27.5k
-0.85%
net assets
Total assets minus all liabilities
mfv la creole ii ltd company details
company number
08901489
Type
Private limited with Share Capital
industry
03110 - Marine fishing
incorporation date
February 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
brown & bright shellfish limited (December 2017)
last accounts submitted
March 2023
address
unit 3 south quay, the harbour, paignton, devon, TQ4 6DT
accountant
-
auditor
-
mfv la creole ii ltd 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 mfv la creole ii ltd.
mfv la creole ii ltd Companies House Filings - See Documents
| date | description | view/download |
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