master removers group limited
master removers group limited Company Information
Company Number
09243396
Next Accounts
Jun 2025
Shareholders
master removers group 2019 ltd
Group Structure
View All
Industry
Removal services
Registered Address
141 acton lane, london, NW10 7PB
Website
masterremovers.co.ukmaster removers group limited Estimated Valuation
Pomanda estimates the enterprise value of MASTER REMOVERS GROUP LIMITED at £630.9k based on a Turnover of £873.7k and 0.72x industry multiple (adjusted for size and gross margin).
master removers group limited Estimated Valuation
Pomanda estimates the enterprise value of MASTER REMOVERS GROUP LIMITED at £0 based on an EBITDA of £-859.4k and a 5.95x industry multiple (adjusted for size and gross margin).
master removers group limited Estimated Valuation
Pomanda estimates the enterprise value of MASTER REMOVERS GROUP LIMITED at £24.9m based on Net Assets of £10.9m and 2.29x industry multiple (adjusted for liquidity).
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Master Removers Group Limited Overview
Master Removers Group Limited is a live company located in london, NW10 7PB with a Companies House number of 09243396. It operates in the removal services sector, SIC Code 49420. Founded in October 2014, it's largest shareholder is master removers group 2019 ltd with a 100% stake. Master Removers Group Limited is a established, small sized company, Pomanda has estimated its turnover at £873.7k with high growth in recent years.
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Master Removers Group Limited Health Check
Pomanda's financial health check has awarded Master Removers Group Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £873.7k, make it in line with the average company (£815.7k)
£873.7k - Master Removers Group Limited
£815.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.6%)
16% - Master Removers Group Limited
6.6% - Industry AVG
Production
with a gross margin of 52.9%, this company has a lower cost of product (39.9%)
52.9% - Master Removers Group Limited
39.9% - Industry AVG
Profitability
an operating margin of -101.6% make it less profitable than the average company (7.1%)
-101.6% - Master Removers Group Limited
7.1% - Industry AVG
Employees
with 14 employees, this is similar to the industry average (15)
14 - Master Removers Group Limited
15 - Industry AVG
Pay Structure
on an average salary of £56.1k, the company has a higher pay structure (£35.1k)
£56.1k - Master Removers Group Limited
£35.1k - Industry AVG
Efficiency
resulting in sales per employee of £62.4k, this is less efficient (£81.3k)
£62.4k - Master Removers Group Limited
£81.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Master Removers Group Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 90 days, this is slower than average (22 days)
90 days - Master Removers Group Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Master Removers Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Master Removers Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.9%, this is a similar level of debt than the average (63.6%)
62.9% - Master Removers Group Limited
63.6% - Industry AVG
MASTER REMOVERS GROUP LIMITED financials
Master Removers Group Limited's latest turnover from September 2023 is £873.7 thousand and the company has net assets of £10.9 million. According to their latest financial statements, Master Removers Group Limited has 14 employees and maintains cash reserves of £13.9 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 873,685 | 679,046 | 621,963 | 563,127 | 28,063,812 | 27,187,702 | 24,855,097 | 21,324,881 | 14,447,889 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 411,663 | 310,527 | 293,241 | 303,428 | 15,400,186 | 14,595,026 | 12,882,106 | 10,795,063 | 7,110,205 |
| Gross Profit | 462,022 | 368,519 | 328,722 | 259,699 | 12,663,626 | 12,592,676 | 11,972,991 | 10,529,818 | 7,337,684 |
| Admin Expenses | 1,349,338 | 1,134,134 | 1,078,128 | 922,720 | 10,663,765 | 9,886,097 | 9,565,154 | 8,466,343 | 7,053,003 |
| Operating Profit | -887,316 | -765,615 | -749,406 | -663,021 | 1,999,861 | 2,706,579 | 2,407,837 | 2,063,475 | 284,681 |
| Interest Payable | 0 | 75 | 0 | 0 | 36,813 | 30,143 | 71,572 | 386,890 | 658,849 |
| Interest Receivable | 0 | 0 | 0 | 0 | 12,944 | 6,361 | 327 | 3,100 | 3,765 |
| Pre-Tax Profit | 2,036,549 | -814,940 | 2,290,594 | -680,271 | 1,891,719 | 2,285,969 | 4,237,285 | 4,991,875 | -370,403 |
| Tax | 0 | 0 | 0 | 0 | -629,670 | -712,577 | -1,000,692 | -1,124,943 | -407,954 |
| Profit After Tax | 2,036,549 | -814,940 | 2,290,594 | -680,271 | 1,262,049 | 1,573,392 | 3,236,593 | 3,866,932 | -778,357 |
| Dividends Paid | 3,018,865 | 0 | 3,040,000 | 0 | 500,000 | 1,150,000 | 875,000 | 100,000 | 864,844 |
| Retained Profit | -982,316 | -814,940 | -749,406 | -680,271 | 762,049 | 423,392 | 2,361,593 | 3,766,932 | -1,643,201 |
| Employee Costs | 785,097 | 672,325 | 600,287 | 623,062 | 12,891,878 | 12,134,113 | 11,098,940 | 9,864,349 | 6,148,588 |
| Number Of Employees | 14 | 12 | 11 | 10 | 390 | 367 | 329 | 297 | 163 |
| EBITDA* | -859,430 | -722,027 | -690,061 | -621,585 | 4,247,525 | 4,792,567 | 4,471,946 | 4,085,713 | 3,527,817 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 253,501 | 74,908 | 79,089 | 83,270 | 4,076,377 | 3,420,474 | 2,400,543 | 6,950,244 | 12,199,410 |
| Intangible Assets | 0 | 14,085 | 53,492 | 108,656 | 6,798,274 | 7,972,804 | 9,153,614 | 10,373,757 | 10,815,430 |
| Investments & Other | 24,145,631 | 24,145,631 | 24,145,631 | 24,145,631 | 19,711 | 19,711 | 19,711 | 19,711 | 19,711 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 24,399,132 | 24,234,624 | 24,278,212 | 24,337,557 | 10,894,362 | 11,412,989 | 11,573,868 | 17,343,712 | 23,034,551 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 3,442,568 | 3,411,750 | 3,259,387 | 2,609,790 | 2,771,834 |
| Group Debtors | 4,654,384 | 7,514,624 | 7,836,601 | 9,663,354 | 7,503,454 | 0 | 0 | 0 | 0 |
| Misc Debtors | 281,072 | 338,242 | 315,681 | 373,648 | 1,352,852 | 1,434,523 | 1,103,093 | 914,119 | 924,872 |
| Cash | 13,948 | 37,395 | 166,064 | 12,208 | 356,570 | 5,911,250 | 5,319,257 | 1,086,389 | 1,510,261 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,949,404 | 7,890,261 | 8,318,346 | 10,049,210 | 12,655,444 | 10,757,523 | 9,681,737 | 4,610,298 | 5,206,967 |
| total assets | 29,348,536 | 32,124,885 | 32,596,558 | 34,386,767 | 23,549,806 | 22,170,512 | 21,255,605 | 21,954,010 | 28,241,518 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 404,886 | 539,135 |
| Trade Creditors | 102,119 | 42,211 | 35,699 | 39,708 | 937,820 | 1,000,324 | 748,212 | 739,138 | 650,172 |
| Group/Directors Accounts | 15,554,996 | 17,330,509 | 17,109,907 | 18,622,436 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 882,819 | 823,019 | 632,436 | 456,140 | 695,900 | 567,507 | 323,501 | 451,084 | 398,642 |
| other current liabilities | 1,017,115 | 1,098,242 | 1,116,619 | 1,081,138 | 4,931,546 | 4,704,803 | 4,549,090 | 4,281,843 | 3,903,177 |
| total current liabilities | 17,557,049 | 19,293,981 | 18,894,661 | 20,199,422 | 6,565,266 | 6,272,634 | 5,620,803 | 5,876,951 | 5,491,126 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,634,353 | 13,707,729 |
| hp & lease commitments | 889,396 | 946,497 | 1,002,550 | 738,592 | 848,502 | 697,779 | 538,421 | 667,136 | 340,624 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 238,163 | 120,523 | 136,057 | 176,839 | 145,240 |
| total long term liabilities | 889,396 | 946,497 | 1,002,550 | 738,592 | 1,086,665 | 818,302 | 674,478 | 3,478,328 | 14,193,593 |
| total liabilities | 18,446,445 | 20,240,478 | 19,897,211 | 20,938,014 | 7,651,931 | 7,090,936 | 6,295,281 | 9,355,279 | 19,684,719 |
| net assets | 10,902,091 | 11,884,407 | 12,699,347 | 13,448,753 | 15,897,875 | 15,079,576 | 14,960,324 | 12,598,731 | 8,556,799 |
| total shareholders funds | 10,902,091 | 11,884,407 | 12,699,347 | 13,448,753 | 15,897,875 | 15,079,576 | 14,960,324 | 12,598,731 | 8,556,799 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -887,316 | -765,615 | -749,406 | -663,021 | 1,999,861 | 2,706,579 | 2,407,837 | 2,063,475 | 284,681 |
| Depreciation | 13,801 | 4,181 | 4,181 | 348 | 992,097 | 846,178 | 843,966 | 837,011 | 584,268 |
| Amortisation | 14,085 | 39,407 | 55,164 | 41,088 | 1,255,567 | 1,239,810 | 1,220,143 | 1,185,227 | 2,658,868 |
| Tax | 0 | 0 | 0 | 0 | -629,670 | -712,577 | -1,000,692 | -1,124,943 | -407,954 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,917,410 | -299,416 | -1,884,720 | -2,261,872 | 7,452,601 | 483,793 | 838,571 | -172,797 | 3,696,706 |
| Creditors | 59,908 | 6,512 | -4,009 | -898,112 | -62,504 | 252,112 | 9,074 | 88,966 | 650,172 |
| Accruals and Deferred Income | -81,127 | -18,377 | 35,481 | -3,850,408 | 226,743 | 155,713 | 267,247 | 378,666 | 3,903,177 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -238,163 | 117,640 | -15,534 | -40,782 | 31,599 | 145,240 |
| Cash flow from operations | 2,036,761 | -434,476 | 1,226,131 | -3,346,396 | -3,552,867 | 3,988,488 | 2,868,222 | 3,632,798 | 4,121,746 |
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,967,753 | 5,559,295 | 7,059,773 | -26,277,687 |
| Change in Investments | 0 | 0 | 0 | 24,125,920 | 0 | 0 | 0 | 0 | 19,711 |
| cash flow from investments | 0 | 0 | 0 | -24,125,920 | 0 | -1,967,753 | 5,559,295 | 7,059,773 | -26,297,398 |
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -404,886 | -134,249 | 539,135 |
| Group/Directors Accounts | -1,775,513 | 220,602 | -1,512,529 | 18,622,436 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -2,634,353 | -11,073,376 | 13,707,729 |
| Hire Purchase and Lease Commitments | 2,699 | 134,530 | 440,254 | -349,670 | 279,116 | 403,364 | -256,298 | 378,954 | 739,266 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | -75 | 0 | 0 | -23,869 | -23,782 | -71,245 | -383,790 | -655,084 |
| cash flow from financing | -1,772,814 | 355,057 | -1,072,275 | 16,503,915 | 311,497 | 75,442 | -3,366,782 | -10,937,461 | 24,531,046 |
| cash and cash equivalents | |||||||||
| cash | -23,447 | -128,669 | 153,856 | -344,362 | -5,554,680 | 591,993 | 4,232,868 | -423,872 | 1,510,261 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -23,447 | -128,669 | 153,856 | -344,362 | -5,554,680 | 591,993 | 4,232,868 | -423,872 | 1,510,261 |
master removers group limited Credit Report and Business Information
Master Removers Group Limited Competitor Analysis
Perform a competitor analysis for master removers group limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in NW10 area or any other competitors across 12 key performance metrics.
master removers group limited Ownership
MASTER REMOVERS GROUP LIMITED group structure
Master Removers Group Limited has 5 subsidiary companies.
Ultimate parent company
1 parent
MASTER REMOVERS GROUP LIMITED
09243396
5 subsidiaries
master removers group limited directors
Master Removers Group Limited currently has 3 directors. The longest serving directors include Mr Charles Rickards (Nov 2014) and Mr Anthony Ward-Thomas (Nov 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Rickards | England | 62 years | Nov 2014 | - | Director |
| Mr Anthony Ward-Thomas | England | 66 years | Nov 2014 | - | Director |
| Mr Timothy Bloch | Northern Ireland | 60 years | Apr 2019 | - | Director |
P&L
September 2023turnover
873.7k
+29%
operating profit
-887.3k
+16%
gross margin
52.9%
-2.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
10.9m
-0.08%
total assets
29.3m
-0.09%
cash
13.9k
-0.63%
net assets
Total assets minus all liabilities
Similar Companies
master removers group limited company details
company number
09243396
Type
Private limited with Share Capital
industry
49420 - Removal services
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
leap new co limited (February 2017)
accountant
-
auditor
FAWCETTS LLP
address
141 acton lane, london, NW10 7PB
Bank
-
Legal Advisor
-
master removers group 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 master removers group limited.
master removers group limited Capital Raised & Share Issues BETA
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master removers group limited Companies House Filings - See Documents
| date | description | view/download |
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