Massey Catering Equipment Limited

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massey catering equipment limited Company Information

Live

EstablishedSmallHealthy

Company Number

NI612998

Website

www.masseycatering.co.uk

Registered Address

17b maghaberry road, moira, craigavon, county down, BT67 0JE

Industry

Wholesale of other machinery and equipment

Telephone

02892619009

Next Accounts Due

February 2025

Group Structure

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Directors

Philip Massey12 Years

Eileen Massey12 Years

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Shareholders

sydney john massey 34.3%

eileen elizabeth massey 34.3%

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massey catering equipment limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of MASSEY CATERING EQUIPMENT LIMITED at £6.9m based on Net Assets of £2.6m and 2.68x industry multiple (adjusted for liquidity).

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Massey Catering Equipment Limited is a live company located in craigavon, BT67 0JE with a Companies House number of NI612998. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in May 2012, it's largest shareholder is sydney john massey with a 34.3% stake. Massey Catering Equipment Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Massey Catering Equipment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £3.1m, make it smaller than the average company (£16.3m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.8%)

EXPORT

Massey Catering Equipment Limited's latest turnover from May 2023 is estimated at £3.1 million and the company has net assets of £2.6 million. According to their latest financial statements, Massey Catering Equipment Limited has 12 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013
Turnover	3,110,454	2,401,332	2,640,925	2,596,960	2,940,613	2,472,924	2,666,677	3,918,628	3,013,909	3,162,733	1,926,444
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,488,005	1,921,221	2,148,954	2,068,841	2,360,022	2,031,933	2,138,980	3,106,429	2,342,708	2,513,614	1,511,338
Gross Profit	622,449	480,111	491,970	528,118	580,591	440,990	527,696	812,199	671,201	649,119	415,106
Admin Expenses	268,583	229,815	64,546	337,954	293,806	164,562	363,146	756,919	473,705	105,021	-5,349
Operating Profit	353,866	250,296	427,424	190,164	286,785	276,428	164,550	55,280	197,496	544,098	420,455
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	51,266	13,136	1,147	597	3,702	2,023	785	1,332	1,027	501	114
Pre-Tax Profit	405,132	263,432	428,570	190,762	290,486	278,451	165,335	56,611	198,523	544,599	420,569
Tax	-101,283	-50,052	-81,428	-36,245	-55,192	-52,906	-31,414	-11,322	-39,704	-114,366	-96,731
Profit After Tax	303,849	213,380	347,142	154,517	235,294	225,545	133,921	45,289	158,818	430,233	323,838
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	303,849	213,380	347,142	154,517	235,294	225,545	133,921	45,289	158,818	430,233	323,838
Employee Costs	573,142	566,256	590,298	632,810	709,700	636,746	274,875	395,559	317,827	309,070	189,137
Number Of Employees	12	12	13	14	16	15	7	10	8	8	5
EBITDA*	432,929	337,014	503,064	262,834	353,622	345,317	232,829	123,237	263,122	558,760	437,345

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013
Tangible Assets	289,121	316,278	83,548	75,250	49,559	65,806	54,334	63,426	61,351	47,478	51,490
Intangible Assets	550,000	600,000	650,000	700,000	750,000	800,000	850,000	900,000	950,000	200,000	200,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	839,121	916,278	733,548	775,250	799,559	865,806	904,334	963,426	1,011,351	247,478	251,490
Stock & work in progress	192,721	125,800	116,137	161,296	252,965	254,827	263,265	535,292	301,716	205,392	233,164
Trade Debtors	1,090,119	849,991	684,131	773,537	869,760	650,402	719,381	802,300	700,460	1,096,181	535,207
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0
Cash	1,279,096	999,400	1,627,728	665,672	529,134	457,933	351,289	276,668	255,967	154,730	45,710
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,561,936	1,975,191	2,427,996	1,600,505	1,651,859	1,363,162	1,333,935	1,614,260	1,258,143	1,456,303	814,081
total assets	3,401,057	2,891,469	3,161,544	2,375,755	2,451,418	2,228,968	2,238,269	2,577,686	2,269,494	1,703,781	1,065,571
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	829,129	623,390	1,106,845	668,198	898,378	911,222	1,146,068	1,619,406	1,356,503	949,608	741,633
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	829,129	623,390	1,106,845	668,198	898,378	911,222	1,146,068	1,619,406	1,356,503	949,608	741,633
loans	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0
total liabilities	829,129	623,390	1,106,845	668,198	898,378	911,222	1,146,068	1,619,406	1,356,503	949,608	741,633
net assets	2,571,928	2,268,079	2,054,699	1,707,557	1,553,040	1,317,746	1,092,201	958,280	912,991	754,173	323,938
total shareholders funds	2,571,928	2,268,079	2,054,699	1,707,557	1,553,040	1,317,746	1,092,201	958,280	912,991	754,173	323,938

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013
Operating Activities
Operating Profit	353,866	250,296	427,424	190,164	286,785	276,428	164,550	55,280	197,496	544,098	420,455
Depreciation	29,063	36,718	25,640	22,670	16,837	18,889	18,279	17,957	15,626	14,662	16,890
Amortisation	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	0	0
Tax	-101,283	-50,052	-81,428	-36,245	-55,192	-52,906	-31,414	-11,322	-39,704	-114,366	-96,731
Stock	66,921	9,663	-45,159	-91,669	-1,862	-8,438	-272,027	233,576	96,324	-27,772	233,164
Debtors	240,128	165,860	-89,406	-96,223	219,358	-68,979	-82,919	101,840	-395,721	560,974	535,207
Creditors	205,739	-483,455	438,647	-230,180	-12,844	-234,846	-473,338	262,903	406,895	207,975	741,633
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	230,336	-372,016	994,848	184,301	68,090	134,982	83,023	39,402	929,710	119,167	313,876
Investing Activities
capital expenditure	-1,906	-269,448	-33,938	-48,361	-590	-30,361	-9,187	-20,032	-829,499	-10,650	-268,380
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,906	-269,448	-33,938	-48,361	-590	-30,361	-9,187	-20,032	-829,499	-10,650	-268,380
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	2	100
interest	51,266	13,136	1,147	597	3,702	2,023	785	1,332	1,027	501	114
cash flow from financing	51,266	13,136	1,147	597	3,702	2,023	785	1,332	1,027	503	214
cash and cash equivalents
cash	279,696	-628,328	962,056	136,538	71,201	106,644	74,621	20,701	101,237	109,020	45,710
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	279,696	-628,328	962,056	136,538	71,201	106,644	74,621	20,701	101,237	109,020	45,710

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MASSEY CATERING EQUIPMENT LIMITED group structure

Massey Catering Equipment Limited has no subsidiary companies.

Ultimate parent company

MASSEY CATERING EQUIPMENT LIMITED

NI612998

MASSEY CATERING EQUIPMENT LIMITED Shareholders

sydney john massey	34.31%
eileen elizabeth massey	34.31%
david stanley massey	15.69%
philip sydney massey	15.69%

Massey Catering Equipment Limited currently has 4 directors. The longest serving directors include Mr Philip Massey (May 2012) and Mrs Eileen Massey (May 2012).

officer	country	age	start	end	role
Mr Philip Massey	Northern Ireland	34 years	May 2012	-	Director
Mrs Eileen Massey	Northern Ireland	72 years	May 2012	-	Director
Mr Sydney Massey	Northern Ireland	72 years	May 2012	-	Director
Mr David Massey	Northern Ireland	38 years	May 2012	-	Director

P&L

May 2023

turnover

3.1m

+30%

operating profit

353.9k

gross margin

20.1%

+0.09%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2023

net assets

2.6m

+0.13%

total assets

3.4m

+0.18%

cash

1.3m

+0.28%

net assets

Total assets minus all liabilities

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company number

NI612998

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

May 2012

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

17b maghaberry road, moira, craigavon, county down, BT67 0JE

last accounts submitted

May 2023

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 massey catering equipment limited.

massey catering equipment limited Company Information

massey catering equipment limited Estimated Valuation

massey catering equipment limited Estimated Valuation

massey catering equipment limited Estimated Valuation

Massey Catering Equipment Limited Overview

Massey Catering Equipment Limited Health Check

MASSEY CATERING EQUIPMENT LIMITED financials

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massey catering equipment limited Ownership

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