Pomanda estimates the enterprise value of MEAT DIRECT 2 U LIMITED at £1.5m based on a Turnover of £3.8m and 0.4x industry multiple (adjusted for size and gross margin).
meat direct 2 u limitedEstimated Valuation
£965.4k
Pomanda estimates the enterprise value of MEAT DIRECT 2 U LIMITED at £965.4k based on an EBITDA of £334.5k and a 2.89x industry multiple (adjusted for size and gross margin).
meat direct 2 u limitedEstimated Valuation
£2.3m
Pomanda estimates the enterprise value of MEAT DIRECT 2 U LIMITED at £2.3m based on Net Assets of £741k and 3.06x industry multiple (adjusted for liquidity).
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Meat Direct 2 U LimitedOverview
Meat Direct 2 U Limited is a live company located in london, N18 3QT with a Companies House number of 10520599. It operates in the retail sale of meat and meat products in specialised stores sector, SIC Code 47220. Founded in December 2016, it's largest shareholder is
haci cagatay
with a 50% stake. Meat Direct 2 U Limited is a young,
small sized company, Pomanda has estimated its turnover at
£3.8m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Meat Direct 2 U Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £3.8m, make it larger than the average company (£1.1m)
£3.8m - Meat Direct 2 U Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (4.5%)
31% - Meat Direct 2 U Limited
4.5% - Industry AVG
Production
with a gross margin of 20.2%, this company has a comparable cost of product (20.2%)
20.2% - Meat Direct 2 U Limited
20.2% - Industry AVG
Profitability
an operating margin of 7.9% make it more profitable than the average company (4.8%)
7.9% - Meat Direct 2 U Limited
4.8% - Industry AVG
Employees
with 12 employees, this is above the industry average (8)
12 - Meat Direct 2 U Limited
8 - Industry AVG
Pay Structure
on an average salary of £27.3k, the company has an equivalent pay structure (£27.3k)
£27.3k - Meat Direct 2 U Limited
£27.3k - Industry AVG
Efficiency
resulting in sales per employee of £316k, this is more efficient (£157.8k)
£316k - Meat Direct 2 U Limited
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (22 days)
67 days - Meat Direct 2 U Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (21 days)
0 days - Meat Direct 2 U Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is more than average (11 days)
14 days - Meat Direct 2 U Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (28 weeks)
8 weeks - Meat Direct 2 U Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.5%, this is a lower level of debt than the average (59.8%)
16.5% - Meat Direct 2 U Limited
59.8% - Industry AVG
MEAT DIRECT 2 U LIMITED financials
EXPORT
Meat Direct 2 U Limited's latest turnover from October 2023 is estimated at £3.8 million and the company has net assets of £741 thousand. According to their latest financial statements, Meat Direct 2 U Limited has 12 employees and maintains cash reserves of £16.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2023
Oct 2022
Oct 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Turnover
3,792,390
3,049,756
2,071,644
1,697,105
1,366,407
917,660
582,343
Other Income Or Grants
Cost Of Sales
3,028,181
2,495,054
1,605,925
1,315,585
1,094,163
722,935
459,287
Gross Profit
764,210
554,702
465,719
381,520
272,244
194,725
123,056
Admin Expenses
464,290
425,239
375,356
271,577
179,796
80,341
30,927
Operating Profit
299,920
129,463
90,363
109,943
92,448
114,384
92,129
Interest Payable
5,670
5,847
5,289
2,823
Interest Receivable
1,372
1,012
66
56
203
173
65
Pre-Tax Profit
295,623
124,628
85,140
107,177
92,652
114,557
92,194
Tax
-73,906
-23,679
-16,177
-20,364
-17,604
-21,766
-17,517
Profit After Tax
221,717
100,949
68,963
86,813
75,048
92,791
74,677
Dividends Paid
Retained Profit
221,717
100,949
68,963
86,813
75,048
92,791
74,677
Employee Costs
327,084
298,396
194,030
189,620
236,379
197,252
67,955
Number Of Employees
12
13
10
8
9
8
3
EBITDA*
334,530
152,626
101,457
117,323
99,846
118,983
95,929
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023
Oct 2022
Oct 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Tangible Assets
35,936
47,096
21,200
13,813
21,193
14,595
15,200
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
35,936
47,096
21,200
13,813
21,193
14,595
15,200
Stock & work in progress
122,199
112,699
50,750
12,300
11,650
11,900
10,350
Trade Debtors
704,180
479,749
423,592
379,254
218,539
163,539
75,500
Group Debtors
Misc Debtors
8,384
4,765
4,393
1,971
1,755
509
150
Cash
16,394
35,890
54,077
77,460
34,007
20,257
25,834
misc current assets
total current assets
851,157
633,103
532,812
470,985
265,951
196,205
111,834
total assets
887,093
680,199
554,012
484,798
287,144
210,800
127,034
Bank overdraft
Bank loan
Trade Creditors
6,484
66,321
3,556
11,682
1,509
1,111
18,087
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
99,725
33,762
51,289
31,246
23,119
22,221
14,270
total current liabilities
106,209
100,083
54,845
42,928
24,628
23,332
32,357
loans
39,926
60,875
80,875
92,541
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
39,926
60,875
80,875
92,541
total liabilities
146,135
160,958
135,720
135,469
24,628
23,332
32,357
net assets
740,958
519,241
418,292
349,329
262,516
187,468
94,677
total shareholders funds
740,958
519,241
418,292
349,329
262,516
187,468
94,677
Oct 2023
Oct 2022
Oct 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Operating Activities
Operating Profit
299,920
129,463
90,363
109,943
92,448
114,384
92,129
Depreciation
34,610
23,163
11,094
7,380
7,398
4,599
3,800
Amortisation
Tax
-73,906
-23,679
-16,177
-20,364
-17,604
-21,766
-17,517
Stock
9,500
61,949
38,450
650
-250
1,550
10,350
Debtors
228,050
56,529
46,760
160,931
56,246
88,398
75,650
Creditors
-59,837
62,765
-8,126
10,173
398
-16,976
18,087
Accruals and Deferred Income
65,963
-17,527
20,043
8,127
898
7,951
14,270
Deferred Taxes & Provisions
Cash flow from operations
29,200
55,707
11,987
-46,322
27,542
-1,756
24,769
Investing Activities
capital expenditure
-23,450
-49,059
-18,481
-13,996
-3,994
-19,000
Change in Investments
cash flow from investments
-23,450
-49,059
-18,481
-13,996
-3,994
-19,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-20,949
-20,000
-11,666
92,541
Hire Purchase and Lease Commitments
other long term liabilities
share issue
20,000
interest
-4,298
-4,835
-5,223
-2,767
203
173
65
cash flow from financing
-25,247
-24,835
-16,889
89,774
203
173
20,065
cash and cash equivalents
cash
-19,496
-18,187
-23,383
43,453
13,750
-5,577
25,834
overdraft
change in cash
-19,496
-18,187
-23,383
43,453
13,750
-5,577
25,834
meat direct 2 u limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for meat direct 2 u limited. Get real-time insights into meat direct 2 u limited's credit score, group structure and payment trends.
Perform a competitor analysis for meat direct 2 u limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in N18 area or any other competitors across 12 key performance metrics.
meat direct 2 u limited Ownership
MEAT DIRECT 2 U LIMITED group structure
Meat Direct 2 U Limited has no subsidiary companies.
Ultimate parent company
MEAT DIRECT 2 U LIMITED
10520599
MEAT DIRECT 2 U LIMITED Shareholders
The largest shareholders in Meat Direct 2 U Limited include Haci Cagatay and Dondu Cagatay.
haci cagatay
50%
dondu cagatay
50%
meat direct 2 u limited directors
Meat Direct 2 U Limited currently has 2 directors.
The longest serving directors include
Mr Haci Cagatay (Jun 2022) and
Mrs Dondu Cagatay (Jun 2022).
47220 - Retail sale of meat and meat products in specialised stores
incorporation date
December 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
MUSALAR & CO ACCOUNTANTS
auditor
-
address
unit c 1 anthony way, london, N18 3QT
Bank
-
Legal Advisor
-
meat direct 2 u 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 meat direct 2 u limited.
meat direct 2 u limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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meat direct 2 u limitedCompanies House Filings - See Documents
