menzies distribution group limited
menzies distribution group limited Company Information
Company Number
11407715
Registered Address
unit e, twelvetrees business park, london, E3 3JG
Industry
Wholesale of other intermediate products
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
endless fund iv a lp acting by endless iv (gp) lp 75.4%
charles wilson 10.9%
View Allmenzies distribution group limited Estimated Valuation
Pomanda estimates the enterprise value of MENZIES DISTRIBUTION GROUP LIMITED at £684.8m based on a Turnover of £1.3b and 0.54x industry multiple (adjusted for size and gross margin).
menzies distribution group limited Estimated Valuation
Pomanda estimates the enterprise value of MENZIES DISTRIBUTION GROUP LIMITED at £339.7m based on an EBITDA of £48.8m and a 6.96x industry multiple (adjusted for size and gross margin).
menzies distribution group limited Estimated Valuation
Pomanda estimates the enterprise value of MENZIES DISTRIBUTION GROUP LIMITED at £121.9m based on Net Assets of £70.2m and 1.74x industry multiple (adjusted for liquidity).
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Menzies Distribution Group Limited Overview
Menzies Distribution Group Limited is a live company located in london, E3 3JG with a Companies House number of 11407715. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in June 2018, it's largest shareholder is endless fund iv a lp acting by endless iv (gp) lp with a 75.4% stake. Menzies Distribution Group Limited is a young, mega sized company, Pomanda has estimated its turnover at £1.3b with low growth in recent years.
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Menzies Distribution Group Limited Health Check
Pomanda's financial health check has awarded Menzies Distribution Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £1.3b, make it larger than the average company (£13.3m)
£1.3b - Menzies Distribution Group Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (0%)
2% - Menzies Distribution Group Limited
0% - Industry AVG
Production
with a gross margin of 25.4%, this company has a comparable cost of product (25.4%)
25.4% - Menzies Distribution Group Limited
25.4% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (6.7%)
2% - Menzies Distribution Group Limited
6.7% - Industry AVG
Employees
with 4711 employees, this is above the industry average (28)
4711 - Menzies Distribution Group Limited
28 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has an equivalent pay structure (£43.5k)
£38.4k - Menzies Distribution Group Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £269.5k, this is less efficient (£371.2k)
£269.5k - Menzies Distribution Group Limited
£371.2k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (60 days)
23 days - Menzies Distribution Group Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (32 days)
29 days - Menzies Distribution Group Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (62 days)
5 days - Menzies Distribution Group Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)
3 weeks - Menzies Distribution Group Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.2%, this is a higher level of debt than the average (44.8%)
81.2% - Menzies Distribution Group Limited
44.8% - Industry AVG
MENZIES DISTRIBUTION GROUP LIMITED financials
Menzies Distribution Group Limited's latest turnover from December 2022 is £1.3 billion and the company has net assets of £70.2 million. According to their latest financial statements, Menzies Distribution Group Limited has 5,025 employees and maintains cash reserves of £17.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 1,268,500,000 | 1,269,600,000 | 1,081,600,000 | 1,186,200,000 | 419,900,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 14,200,000 | 25,400,000 | 20,200,000 | 19,600,000 | 9,000,000 |
| Interest Payable | 7,800,000 | 8,200,000 | 3,900,000 | 6,200,000 | 1,800,000 |
| Interest Receivable | 100,000 | 100,000 | 0 | 100,000 | 0 |
| Pre-Tax Profit | 3,500,000 | 13,500,000 | 10,000,000 | 11,200,000 | 27,400,000 |
| Tax | -700,000 | -5,100,000 | -2,800,000 | -1,900,000 | -1,700,000 |
| Profit After Tax | 2,800,000 | 8,400,000 | 7,200,000 | 9,300,000 | 25,700,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,800,000 | 8,400,000 | 7,200,000 | 9,300,000 | 25,700,000 |
| Employee Costs | 204,800,000 | 180,700,000 | 93,700,000 | 98,500,000 | 32,600,000 |
| Number Of Employees | 5,025 | 4,711 | 3,819 | 3,456 | 3,629 |
| EBITDA* | 48,800,000 | 56,200,000 | 40,600,000 | 35,600,000 | 11,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 152,700,000 | 152,100,000 | 139,500,000 | 78,700,000 | 38,500,000 |
| Intangible Assets | 78,000,000 | 80,300,000 | 74,300,000 | 51,900,000 | 52,800,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,900,000 | 3,000,000 | 3,900,000 | 2,500,000 | 4,300,000 |
| Total Fixed Assets | 227,800,000 | 229,400,000 | 209,900,000 | 130,600,000 | 91,300,000 |
| Stock & work in progress | 14,900,000 | 14,300,000 | 13,900,000 | 16,400,000 | 15,900,000 |
| Trade Debtors | 82,700,000 | 81,900,000 | 67,500,000 | 53,900,000 | 63,300,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 22,300,000 | 19,200,000 | 19,000,000 | 11,900,000 | 18,800,000 |
| Cash | 17,600,000 | 10,800,000 | 18,200,000 | 1,800,000 | 30,500,000 |
| misc current assets | 700,000 | 1,100,000 | 1,100,000 | 500,000 | 0 |
| total current assets | 138,200,000 | 127,300,000 | 119,700,000 | 84,500,000 | 128,500,000 |
| total assets | 366,000,000 | 356,700,000 | 329,600,000 | 215,100,000 | 219,800,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 81,200,000 | 77,700,000 | 65,100,000 | 54,100,000 | 61,100,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 31,700,000 | 28,700,000 | 24,000,000 | 10,200,000 | 0 |
| other current liabilities | 47,400,000 | 61,100,000 | 47,300,000 | 27,900,000 | 49,900,000 |
| total current liabilities | 160,300,000 | 167,500,000 | 136,400,000 | 92,200,000 | 111,000,000 |
| loans | 13,700,000 | 0 | 234,400,000 | 110,800,000 | 88,000,000 |
| hp & lease commitments | 0 | 0 | 97,800,000 | 55,400,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 105,600,000 | 105,600,000 | 0 | 0 | 0 |
| provisions | 32,400,000 | 33,200,000 | 33,800,000 | 30,600,000 | 46,800,000 |
| total long term liabilities | 135,500,000 | 122,200,000 | 134,100,000 | 70,700,000 | 67,400,000 |
| total liabilities | 295,800,000 | 289,700,000 | 270,500,000 | 162,900,000 | 178,400,000 |
| net assets | 70,200,000 | 67,000,000 | 59,100,000 | 52,200,000 | 41,400,000 |
| total shareholders funds | 70,200,000 | 67,000,000 | 59,100,000 | 52,200,000 | 41,400,000 |
| Dec 2022 | Jan 2022 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 14,200,000 | 25,400,000 | 20,200,000 | 19,600,000 | 9,000,000 |
| Depreciation | 31,900,000 | 28,000,000 | 17,600,000 | 13,200,000 | 800,000 |
| Amortisation | 2,700,000 | 2,800,000 | 2,800,000 | 2,800,000 | 1,200,000 |
| Tax | -700,000 | -5,100,000 | -2,800,000 | -1,900,000 | -1,700,000 |
| Stock | 14,900,000 | 14,300,000 | -2,500,000 | 500,000 | 15,900,000 |
| Debtors | 107,900,000 | 104,100,000 | 22,100,000 | -18,100,000 | 86,400,000 |
| Creditors | 81,200,000 | 77,700,000 | 11,000,000 | -7,000,000 | 61,100,000 |
| Accruals and Deferred Income | 47,400,000 | 61,100,000 | 19,400,000 | -22,000,000 | 49,900,000 |
| Deferred Taxes & Provisions | 32,400,000 | 33,200,000 | 3,200,000 | -16,200,000 | 46,800,000 |
| Cash flow from operations | 86,300,000 | 104,700,000 | 51,800,000 | 6,100,000 | 64,800,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 13,700,000 | 0 | 123,600,000 | 22,800,000 | 88,000,000 |
| Hire Purchase and Lease Commitments | 31,700,000 | 28,700,000 | 56,200,000 | 65,600,000 | 0 |
| other long term liabilities | 105,600,000 | 105,600,000 | 0 | 0 | 0 |
| share issue | |||||
| interest | -7,700,000 | -8,100,000 | -3,900,000 | -6,100,000 | -1,800,000 |
| cash flow from financing | 210,700,000 | 184,800,000 | 175,600,000 | 83,800,000 | 101,900,000 |
| cash and cash equivalents | |||||
| cash | 17,600,000 | 10,800,000 | 16,400,000 | -28,700,000 | 30,500,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,600,000 | 10,800,000 | 16,400,000 | -28,700,000 | 30,500,000 |
menzies distribution group limited Credit Report and Business Information
Menzies Distribution Group Limited Competitor Analysis
Perform a competitor analysis for menzies distribution group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
menzies distribution group limited Ownership
MENZIES DISTRIBUTION GROUP LIMITED group structure
Menzies Distribution Group Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
MENZIES DISTRIBUTION GROUP LIMITED
11407715
2 subsidiaries
menzies distribution group limited directors
Menzies Distribution Group Limited currently has 7 directors. The longest serving directors include Mr Paul McCourt (Sep 2018) and Mr Gregory Michael (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul McCourt | 49 years | Sep 2018 | - | Director | |
| Mr Gregory Michael | Scotland | 56 years | Sep 2018 | - | Director |
| Mr Andrew Clarke | United Kingdom | 60 years | Feb 2021 | - | Director |
| Mr Charles Wilson | England | 58 years | May 2021 | - | Director |
| Mr Aidan Robson | England | 45 years | Jun 2021 | - | Director |
| Mr Michael Rouse | United Kingdom | 51 years | Jul 2023 | - | Director |
| Mr Marcin Bagiski | Poland | 32 years | Jul 2023 | - | Director |
P&L
December 2022turnover
1.3b
0%
operating profit
14.2m
0%
gross margin
25%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
70.2m
0%
total assets
366m
0%
cash
17.6m
0%
net assets
Total assets minus all liabilities
Similar Companies
menzies distribution group limited company details
company number
11407715
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
incorporation date
June 2018
age
6
accounts
Group
ultimate parent company
previous names
endless newco 1 limited (January 2021)
incorporated
UK
address
unit e, twelvetrees business park, london, E3 3JG
last accounts submitted
December 2022
menzies distribution 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 found 5 charges/mortgages relating to menzies distribution group limited. Currently there are 2 open charges and 3 have been satisfied in the past.
menzies distribution group limited Companies House Filings - See Documents
| date | description | view/download |
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