meriden food group ltd
meriden food group ltd Company Information
Group Structure
View All
Industry
Wholesale of meat and meat products
Registered Address
25 highfield, meriden, coventry, CV7 7LY
Website
-meriden food group ltd Estimated Valuation
Pomanda estimates the enterprise value of MERIDEN FOOD GROUP LTD at £982.3k based on a Turnover of £4.3m and 0.23x industry multiple (adjusted for size and gross margin).
meriden food group ltd Estimated Valuation
Pomanda estimates the enterprise value of MERIDEN FOOD GROUP LTD at £0 based on an EBITDA of £-26.3k and a 2.96x industry multiple (adjusted for size and gross margin).
meriden food group ltd Estimated Valuation
Pomanda estimates the enterprise value of MERIDEN FOOD GROUP LTD at £13k based on Net Assets of £5.6k and 2.32x industry multiple (adjusted for liquidity).
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Meriden Food Group Ltd Overview
Meriden Food Group Ltd is a live company located in coventry, CV7 7LY with a Companies House number of 13541251. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in July 2021, it's largest shareholder is jesse howe with a 100% stake. Meriden Food Group Ltd is a startup, small sized company, Pomanda has estimated its turnover at £4.3m with unknown growth in recent years.
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Meriden Food Group Ltd Health Check
Pomanda's financial health check has awarded Meriden Food Group Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £4.3m, make it smaller than the average company (£28.2m)
- Meriden Food Group Ltd
£28.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Meriden Food Group Ltd
- - Industry AVG
Production
with a gross margin of 7.3%, this company has a higher cost of product (12.4%)
- Meriden Food Group Ltd
12.4% - Industry AVG
Profitability
an operating margin of -0.6% make it less profitable than the average company (2.6%)
- Meriden Food Group Ltd
2.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (36)
1 - Meriden Food Group Ltd
36 - Industry AVG
Pay Structure
on an average salary of £42.6k, the company has an equivalent pay structure (£42.6k)
- Meriden Food Group Ltd
£42.6k - Industry AVG
Efficiency
resulting in sales per employee of £4.3m, this is more efficient (£603.1k)
- Meriden Food Group Ltd
£603.1k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (34 days)
- Meriden Food Group Ltd
34 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (27 days)
- Meriden Food Group Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Meriden Food Group Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Meriden Food Group Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.1%, this is a higher level of debt than the average (49.8%)
99.1% - Meriden Food Group Ltd
49.8% - Industry AVG
MERIDEN FOOD GROUP LTD financials
Meriden Food Group Ltd's latest turnover from July 2024 is estimated at £4.3 million and the company has net assets of £5.6 thousand. According to their latest financial statements, Meriden Food Group Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2024 | Jul 2023 | Jul 2022 | |
|---|---|---|---|
| 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 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2024 | Jul 2023 | Jul 2022 | |
|---|---|---|---|
| Tangible Assets | 1,859 | 1,979 | 933 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 1,859 | 1,979 | 933 |
| Stock & work in progress | |||
| Trade Debtors | 642,862 | 385,195 | 204,745 |
| Group Debtors | |||
| Misc Debtors | |||
| Cash | |||
| misc current assets | |||
| total current assets | 642,862 | 385,195 | 204,745 |
| total assets | 644,721 | 387,174 | 205,678 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 639,101 | 355,262 | 193,632 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | |||
| total current liabilities | 639,101 | 355,262 | 193,632 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 639,101 | 355,262 | 193,632 |
| net assets | 5,620 | 31,912 | 12,046 |
| total shareholders funds | 5,620 | 31,912 | 12,046 |
| Jul 2024 | Jul 2023 | Jul 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 257,667 | 180,450 | 204,745 |
| Creditors | 283,839 | 161,630 | 193,632 |
| Accruals and Deferred Income | |||
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | |||
| overdraft | |||
| change in cash |
meriden food group ltd Credit Report and Business Information
Meriden Food Group Ltd Competitor Analysis
Perform a competitor analysis for meriden food group ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CV7 area or any other competitors across 12 key performance metrics.
meriden food group ltd Ownership
MERIDEN FOOD GROUP LTD group structure
Meriden Food Group Ltd has no subsidiary companies.
Ultimate parent company
MERIDEN FOOD GROUP LTD
13541251
meriden food group ltd directors
Meriden Food Group Ltd currently has 1 director, Mr Jesse Howe serving since Jul 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jesse Howe | England | 24 years | Jul 2021 | - | Director |
P&L
July 2024turnover
4.3m
+86%
operating profit
-26.3k
0%
gross margin
7.4%
-12.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2024net assets
5.6k
-0.82%
total assets
644.7k
+0.67%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
meriden food group ltd company details
company number
13541251
Type
Private limited with Share Capital
industry
46320 - Wholesale of meat and meat products
incorporation date
July 2021
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2024
previous names
N/A
accountant
THE HUGHES PARTNERSHIP
auditor
-
address
25 highfield, meriden, coventry, CV7 7LY
Bank
-
Legal Advisor
-
meriden food group 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 meriden food group ltd.
meriden food group ltd 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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meriden food group ltd Companies House Filings - See Documents
| date | description | view/download |
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