Pomanda estimates the enterprise value of MIDLAND FEEDS LIMITED at £3.6m based on a Turnover of £5.9m and 0.6x industry multiple (adjusted for size and gross margin).
midland feeds limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of MIDLAND FEEDS LIMITED at £0 based on an EBITDA of £-4.1k and a 3.98x industry multiple (adjusted for size and gross margin).
midland feeds limitedEstimated Valuation
£583.6k
Pomanda estimates the enterprise value of MIDLAND FEEDS LIMITED at £583.6k based on Net Assets of £370.5k and 1.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Midland Feeds LimitedOverview
Midland Feeds Limited is a live company located in newark, NG13 9QB with a Companies House number of 11371444. It operates in the manufacture of prepared feeds for farm animals sector, SIC Code 10910. Founded in May 2018, it's largest shareholder is
midland feeds holding limited
with a 100% stake. Midland Feeds Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£5.9m with
low
growth in recent years.
Pomanda's financial health check has awarded Midland Feeds Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £5.9m, make it smaller than the average company (£45.4m)
£5.9m - Midland Feeds Limited
£45.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (11.2%)
3% - Midland Feeds Limited
11.2% - Industry AVG
Production
with a gross margin of 13.4%, this company has a comparable cost of product (13.4%)
13.4% - Midland Feeds Limited
13.4% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (2.7%)
-0.1% - Midland Feeds Limited
2.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (62)
15 - Midland Feeds Limited
62 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.9k)
£46.9k - Midland Feeds Limited
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £394.2k, this is less efficient (£743.6k)
£394.2k - Midland Feeds Limited
£743.6k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (40 days)
19 days - Midland Feeds Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is slower than average (25 days)
31 days - Midland Feeds Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is in line with average (23 days)
27 days - Midland Feeds Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 11 weeks, this is more cash available to meet short term requirements (8 weeks)
11 weeks - Midland Feeds Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.4%, this is a higher level of debt than the average (50.2%)
64.4% - Midland Feeds Limited
50.2% - Industry AVG
MIDLAND FEEDS LIMITED financials
EXPORT
Midland Feeds Limited's latest turnover from June 2024 is estimated at £5.9 million and the company has net assets of £370.5 thousand. According to their latest financial statements, Midland Feeds Limited has 15 employees and maintains cash reserves of £148.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Turnover
5,912,368
5,882,689
5,822,196
5,392,705
3,715,905
3,858,176
Other Income Or Grants
Cost Of Sales
5,118,101
5,145,302
4,980,292
4,610,587
3,172,134
3,294,830
Gross Profit
794,267
737,386
841,904
782,117
543,771
563,346
Admin Expenses
801,236
612,403
592,971
717,702
616,708
456,280
Operating Profit
-6,969
124,983
248,933
64,415
-72,937
107,066
Interest Payable
Interest Receivable
9,990
8,101
658
36
50
153
Pre-Tax Profit
3,021
133,084
249,591
64,451
-72,887
107,219
Tax
-755
-33,271
-47,422
-12,246
-20,372
Profit After Tax
2,266
99,813
202,169
52,205
-72,887
86,847
Dividends Paid
Retained Profit
2,266
99,813
202,169
52,205
-72,887
86,847
Employee Costs
703,858
663,185
533,963
529,321
478,496
348,945
Number Of Employees
15
15
13
13
12
9
EBITDA*
-4,142
128,850
252,414
70,037
-68,225
111,579
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Tangible Assets
20,429
11,006
6,963
10,444
9,929
10,637
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
20,429
11,006
6,963
10,444
9,929
10,637
Stock & work in progress
379,462
478,512
579,883
635,707
302,906
399,848
Trade Debtors
316,165
286,949
376,977
235,217
218,135
304,584
Group Debtors
106,607
94,922
104,639
64,368
6,631
434
Misc Debtors
70,155
101,183
56,437
76,893
36,659
81,460
Cash
148,697
231,870
92,179
13,168
58,724
40,674
misc current assets
total current assets
1,021,086
1,193,436
1,210,115
1,025,353
623,055
827,000
total assets
1,041,515
1,204,442
1,217,078
1,035,797
632,984
837,637
Bank overdraft
Bank loan
Trade Creditors
446,275
557,125
707,542
632,433
299,281
413,232
Group/Directors Accounts
5,138
41,808
93,467
176,282
1,929
other short term finances
hp & lease commitments
other current liabilities
214,482
234,511
147,635
160,817
317,714
337,458
total current liabilities
665,895
833,444
948,644
969,532
618,924
750,690
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
5,107
2,751
total long term liabilities
5,107
2,751
total liabilities
671,002
836,195
948,644
969,532
618,924
750,690
net assets
370,513
368,247
268,434
66,265
14,060
86,947
total shareholders funds
370,513
368,247
268,434
66,265
14,060
86,947
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Operating Activities
Operating Profit
-6,969
124,983
248,933
64,415
-72,937
107,066
Depreciation
2,827
3,867
3,481
5,622
4,712
4,513
Amortisation
Tax
-755
-33,271
-47,422
-12,246
-20,372
Stock
-99,050
-101,371
-55,824
332,801
-96,942
399,848
Debtors
9,873
-54,999
161,575
115,053
-125,053
386,478
Creditors
-110,850
-150,417
75,109
333,152
-113,951
413,232
Accruals and Deferred Income
-20,029
86,876
-13,182
-156,897
-19,744
337,458
Deferred Taxes & Provisions
2,356
2,751
Cash flow from operations
-44,243
191,159
161,168
-213,808
20,075
55,571
Investing Activities
capital expenditure
-12,250
-7,910
-6,137
-4,004
-15,150
Change in Investments
cash flow from investments
-12,250
-7,910
-6,137
-4,004
-15,150
Financing Activities
Bank loans
Group/Directors Accounts
-36,670
-51,659
-82,815
174,353
1,929
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
9,990
8,101
658
36
50
153
cash flow from financing
-26,680
-43,558
-82,157
174,389
1,979
253
cash and cash equivalents
cash
-83,173
139,691
79,011
-45,556
18,050
40,674
overdraft
change in cash
-83,173
139,691
79,011
-45,556
18,050
40,674
midland feeds 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 midland feeds limited. Get real-time insights into midland feeds limited's credit score, group structure and payment trends.
Perform a competitor analysis for midland feeds limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NG13 area or any other competitors across 12 key performance metrics.
midland feeds limited Ownership
MIDLAND FEEDS LIMITED group structure
Midland Feeds Limited has no subsidiary companies.
The sole shareholder of Midland Feeds Limited is Midland Feeds Holding Limited.
midland feeds holding limited
100%
midland feeds limited directors
Midland Feeds Limited currently has 2 directors.
The longest serving directors include
Mrs Christine Norris-Smith (May 2018) and
Mr Andrew Smith (Mar 2022).
unit 7 staunton industrial, staunton in the vale, newark, nottinghamshire, NG13 9QB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
midland feeds 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 midland feeds limited.
midland feeds 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.
Click to start generating capital raising & share issue transactions for MIDLAND FEEDS LIMITED. This can take several minutes, an email will notify you when this has completed.
midland feeds limitedCompanies House Filings - See Documents
