martin retail group limited
martin retail group limited Company Information
Company Number
SC013840
Website
http://tmretail.co.ukRegistered Address
pricewaterhousecoopers llp, 144 morrison street, edinburgh, EH3 8EB
Industry
Retail sale of tobacco products in specialised stores
Retail sale of newspapers and stationery in specialised stores
Telephone
01257279017
Next Accounts Due
631 days late
Group Structure
View All
Shareholders
tog ltd 100%
martin retail group limited Estimated Valuation
Pomanda estimates the enterprise value of MARTIN RETAIL GROUP LIMITED at £144.2m based on a Turnover of £245.1m and 0.59x industry multiple (adjusted for size and gross margin).
martin retail group limited Estimated Valuation
Pomanda estimates the enterprise value of MARTIN RETAIL GROUP LIMITED at £37.7m based on an EBITDA of £6.9m and a 5.49x industry multiple (adjusted for size and gross margin).
martin retail group limited Estimated Valuation
Pomanda estimates the enterprise value of MARTIN RETAIL GROUP LIMITED at £221m based on Net Assets of £66.9m and 3.31x industry multiple (adjusted for liquidity).
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Martin Retail Group Limited Overview
Martin Retail Group Limited is a live company located in edinburgh, EH3 8EB with a Companies House number of SC013840. It operates in the retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores sector, SIC Code 47240. Founded in October 1925, it's largest shareholder is tog ltd with a 100% stake. Martin Retail Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £245.1m with declining growth in recent years.
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Martin Retail Group Limited Health Check
Pomanda's financial health check has awarded Martin Retail Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £245.1m, make it larger than the average company (£434k)
£245.1m - Martin Retail Group Limited
£434k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (-1%)
-6% - Martin Retail Group Limited
-1% - Industry AVG
Production
with a gross margin of 24%, this company has a higher cost of product (35.5%)
24% - Martin Retail Group Limited
35.5% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (3.3%)
0.2% - Martin Retail Group Limited
3.3% - Industry AVG
Employees
with 3480 employees, this is above the industry average (15)
3480 - Martin Retail Group Limited
15 - Industry AVG
Pay Structure
on an average salary of £10.4k, the company has a lower pay structure (£14.9k)
£10.4k - Martin Retail Group Limited
£14.9k - Industry AVG
Efficiency
resulting in sales per employee of £70.4k, this is equally as efficient (£75.3k)
£70.4k - Martin Retail Group Limited
£75.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (19 days)
1 days - Martin Retail Group Limited
19 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (49 days)
64 days - Martin Retail Group Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is in line with average (38 days)
32 days - Martin Retail Group Limited
38 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Martin Retail Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.6%, this is a lower level of debt than the average (74.2%)
56.6% - Martin Retail Group Limited
74.2% - Industry AVG
martin retail group limited Credit Report and Business Information
Martin Retail Group Limited Competitor Analysis
Perform a competitor analysis for martin retail group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
martin retail group limited Ownership
MARTIN RETAIL GROUP LIMITED group structure
Martin Retail Group Limited has 5 subsidiary companies.
Ultimate parent company
2 parents
MARTIN RETAIL GROUP LIMITED
SC013840
5 subsidiaries
martin retail group limited directors
Martin Retail Group Limited currently has 4 directors. The longest serving directors include Mr Stuart Butler (Feb 2020) and Mr Giles David (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Butler | United Kingdom | 53 years | Feb 2020 | - | Director |
| Mr Giles David | 57 years | Jul 2020 | - | Director | |
| Mr Giles David | England | 57 years | Jul 2020 | - | Director |
| Ms Karen McEwan | 60 years | Jul 2020 | - | Director |
MARTIN RETAIL GROUP LIMITED financials
Martin Retail Group Limited's latest turnover from November 2020 is £245.1 million and the company has net assets of £66.9 million. According to their latest financial statements, Martin Retail Group Limited has 3,480 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 245,107,000 | 253,433,000 | 277,982,000 | 290,501,000 | 294,305,000 | 301,340,000 | 314,589,000 | 302,383,000 | 298,899,000 | 292,396,000 | 289,771,000 | 300,869,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 186,324,000 | 187,508,000 | 213,074,000 | 218,034,000 | 224,403,000 | 231,806,000 | 241,949,000 | 231,613,000 | 227,502,000 | 220,703,000 | 214,474,000 | 221,914,000 |
| Gross Profit | 58,783,000 | 65,925,000 | 64,908,000 | 72,467,000 | 69,902,000 | 69,534,000 | 72,640,000 | 70,770,000 | 71,397,000 | 71,693,000 | 75,297,000 | 78,955,000 |
| Admin Expenses | 58,216,000 | 66,007,000 | 67,621,000 | 66,258,000 | 63,505,000 | 62,097,000 | 61,296,000 | 63,196,000 | 63,671,000 | 63,155,000 | 67,636,000 | 68,274,000 |
| Operating Profit | 567,000 | -82,000 | -2,713,000 | 6,209,000 | 6,397,000 | 7,437,000 | 11,344,000 | 7,574,000 | 7,726,000 | 8,538,000 | 7,661,000 | 10,681,000 |
| Interest Payable | 1,606,000 | 54,000 | 0 | 0 | 81,000 | 1,000 | 43,000 | 1,860,000 | 1,937,000 | 2,095,000 | 2,318,000 | 85,000 |
| Interest Receivable | 23,000 | 0 | 0 | 0 | 0 | 0 | 1,902,000 | 4,343,000 | 3,699,000 | 3,997,000 | 3,282,000 | 1,621,000 |
| Pre-Tax Profit | -1,016,000 | -136,000 | -2,713,000 | 6,209,000 | 6,316,000 | 7,436,000 | 13,315,000 | 10,325,000 | 9,963,000 | 10,114,000 | 9,036,000 | 19,544,000 |
| Tax | 4,302,000 | 591,000 | 1,738,000 | 351,000 | 143,000 | -411,000 | -114,000 | -295,000 | -569,000 | -337,000 | -350,000 | -133,000 |
| Profit After Tax | 3,286,000 | 455,000 | -975,000 | 6,560,000 | 6,459,000 | 7,025,000 | 13,201,000 | 10,030,000 | 9,394,000 | 9,777,000 | 8,686,000 | 19,411,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,286,000 | 455,000 | -975,000 | 6,560,000 | 6,459,000 | 7,025,000 | 13,201,000 | 10,030,000 | 9,394,000 | 9,777,000 | 8,686,000 | 19,411,000 |
| Employee Costs | 36,291,000 | 39,334,000 | 38,443,000 | 38,797,000 | 41,341,000 | 38,829,000 | 42,253,000 | 38,671,000 | 39,227,000 | 36,562,000 | 38,160,000 | 39,591,000 |
| Number Of Employees | 3,480 | 3,885 | 4,300 | 4,968 | 5,821 | 5,714 | 6,374 | 6,528 | 6,513 | 4,103 | 4,241 | 4,399 |
| EBITDA* | 6,870,000 | 1,187,000 | 153,000 | 9,607,000 | 9,676,000 | 10,862,000 | 14,813,000 | 10,977,000 | 11,494,000 | 12,492,000 | 11,855,000 | 15,141,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 41,237,000 | 9,360,000 | 9,536,000 | 8,967,000 | 9,865,000 | 6,371,000 | 6,716,000 | 7,211,000 | 7,172,000 | 7,341,000 | 8,463,000 | 8,404,000 |
| Intangible Assets | 2,812,000 | 2,695,000 | 4,732,000 | 4,253,000 | 4,284,000 | 4,310,000 | 4,416,000 | 4,799,000 | 5,141,000 | 5,778,000 | 6,072,000 | 6,635,000 |
| Investments & Other | 1,293,000 | 1,293,000 | 1,293,000 | 1,293,000 | 1,293,000 | 2,684,000 | 1,293,000 | 1,293,000 | 1,293,000 | 1,293,000 | 1,293,000 | 1,293,000 |
| Debtors (Due After 1 year) | 3,471,000 | 1,776,000 | 0 | 0 | 0 | 0 | 981,000 | 890,000 | 1,075,000 | 1,019,000 | 1,064,000 | 1,120,000 |
| Total Fixed Assets | 40,578,000 | 10,279,000 | 14,268,000 | 13,220,000 | 14,149,000 | 13,365,000 | 13,406,000 | 14,193,000 | 14,681,000 | 15,431,000 | 16,892,000 | 17,452,000 |
| Stock & work in progress | 16,506,000 | 18,319,000 | 16,917,000 | 16,601,000 | 17,320,000 | 16,129,000 | 15,228,000 | 15,400,000 | 15,793,000 | 14,690,000 | 18,166,000 | 18,736,000 |
| Trade Debtors | 680,000 | 733,000 | 857,000 | 545,000 | 910,000 | 767,000 | 797,000 | 844,000 | 796,000 | 820,000 | 886,000 | 1,037,000 |
| Group Debtors | 86,922,000 | 88,838,000 | 83,892,000 | 88,672,000 | 95,590,000 | 87,266,000 | 84,004,000 | 193,899,000 | 185,035,000 | 154,389,000 | 154,724,000 | 147,339,000 |
| Misc Debtors | 5,804,000 | 7,301,000 | 8,117,000 | 10,422,000 | 13,782,000 | 13,401,000 | 13,211,000 | 13,843,000 | 12,043,000 | 12,543,000 | 14,894,000 | 13,847,000 |
| Cash | 0 | 0 | 0 | 7,137,000 | 1,878,000 | 7,266,000 | 1,588,000 | 6,076,000 | 5,783,000 | 24,756,000 | 9,772,000 | 6,354,000 |
| misc current assets | 0 | 0 | 1,151,000 | 313,000 | 4,022,000 | 4,788,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 113,365,000 | 115,510,000 | 110,934,000 | 123,690,000 | 133,502,000 | 129,617,000 | 114,828,000 | 230,062,000 | 219,450,000 | 207,198,000 | 198,442,000 | 187,313,000 |
| total assets | 153,943,000 | 125,789,000 | 125,202,000 | 136,910,000 | 147,651,000 | 142,982,000 | 128,234,000 | 244,255,000 | 234,131,000 | 222,629,000 | 215,334,000 | 204,765,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,044,000 | 38,586,000 | 37,158,000 | 30,875,000 | 30,521,000 | 34,298,000 | 28,940,000 | 31,203,000 | 30,586,000 | 29,016,000 | 30,262,000 | 27,694,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 7,576,000 | 7,282,000 | 77,425,000 | 77,038,000 | 76,881,000 | 76,777,000 | 76,437,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,791,000 | 0 | 0 | 0 | 2,000 | 13,000 | 35,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 16,392,000 | 14,343,000 | 15,857,000 | 31,736,000 | 48,646,000 | 37,518,000 | 35,616,000 | 35,419,000 | 37,358,000 | 36,771,000 | 37,081,000 | 37,168,000 |
| total current liabilities | 54,227,000 | 52,929,000 | 53,015,000 | 62,611,000 | 79,169,000 | 79,405,000 | 71,873,000 | 144,047,000 | 144,982,000 | 142,668,000 | 144,120,000 | 141,299,000 |
| loans | 52,906,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 26,453,000 | 0 | 0 | 0 | 0 | 28,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90,000 | 102,000 | 128,000 | 173,000 |
| other liabilities | 317,000 | 436,000 | 0 | 606,000 | 464,000 | 691,000 | 879,000 | 1,456,000 | 0 | 0 | 0 | 0 |
| provisions | 12,164,000 | 9,010,000 | 5,032,000 | 6,988,000 | 10,066,000 | 696,000 | 1,095,000 | 1,440,000 | 1,483,000 | 1,402,000 | 1,593,000 | 1,820,000 |
| total long term liabilities | 32,852,000 | 4,941,000 | 2,516,000 | 4,100,000 | 5,497,000 | 5,099,000 | 6,134,000 | 6,771,000 | 7,920,000 | 6,004,000 | 4,596,000 | 8,915,000 |
| total liabilities | 87,079,000 | 57,870,000 | 55,531,000 | 66,711,000 | 84,666,000 | 84,504,000 | 78,007,000 | 150,818,000 | 152,902,000 | 148,672,000 | 148,716,000 | 150,214,000 |
| net assets | 66,864,000 | 67,919,000 | 69,671,000 | 70,199,000 | 62,985,000 | 58,478,000 | 50,227,000 | 93,437,000 | 81,229,000 | 73,957,000 | 66,618,000 | 54,551,000 |
| total shareholders funds | 66,864,000 | 67,919,000 | 69,671,000 | 70,199,000 | 62,985,000 | 58,478,000 | 50,227,000 | 93,437,000 | 81,229,000 | 73,957,000 | 66,618,000 | 54,551,000 |
| Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 567,000 | -82,000 | -2,713,000 | 6,209,000 | 6,397,000 | 7,437,000 | 11,344,000 | 7,574,000 | 7,726,000 | 8,538,000 | 7,661,000 | 10,681,000 |
| Depreciation | 6,083,000 | 1,158,000 | 2,802,000 | 3,271,000 | 3,279,000 | 2,987,000 | 3,033,000 | 2,968,000 | 3,165,000 | 3,494,000 | 3,713,000 | 3,924,000 |
| Amortisation | 220,000 | 111,000 | 64,000 | 127,000 | 0 | 438,000 | 436,000 | 435,000 | 603,000 | 460,000 | 481,000 | 536,000 |
| Tax | 4,302,000 | 591,000 | 1,738,000 | 351,000 | 143,000 | -411,000 | -114,000 | -295,000 | -569,000 | -337,000 | -350,000 | -133,000 |
| Stock | -1,813,000 | 1,402,000 | 316,000 | -719,000 | 1,191,000 | 901,000 | -172,000 | -393,000 | 1,103,000 | -3,476,000 | -570,000 | 18,736,000 |
| Debtors | -1,771,000 | 5,782,000 | -6,773,000 | -10,643,000 | 8,848,000 | 2,441,000 | -110,483,000 | 10,527,000 | 30,178,000 | -2,797,000 | 8,225,000 | 163,343,000 |
| Creditors | -5,542,000 | 1,428,000 | 6,283,000 | 354,000 | -3,777,000 | 5,358,000 | -2,263,000 | 617,000 | 1,570,000 | -1,246,000 | 2,568,000 | 27,694,000 |
| Accruals and Deferred Income | 2,049,000 | -1,514,000 | -15,879,000 | -16,910,000 | 11,128,000 | 1,902,000 | 197,000 | -2,029,000 | 575,000 | -336,000 | -132,000 | 37,341,000 |
| Deferred Taxes & Provisions | 3,154,000 | 3,978,000 | -1,956,000 | -3,078,000 | 9,370,000 | -399,000 | -345,000 | -43,000 | 81,000 | -191,000 | -227,000 | 1,820,000 |
| Cash flow from operations | 14,417,000 | -1,514,000 | -3,204,000 | 1,686,000 | 16,501,000 | 13,970,000 | 122,943,000 | -907,000 | -18,130,000 | 16,655,000 | 6,059,000 | -100,216,000 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -1,391,000 | 1,391,000 | 0 | 0 | 0 | 0 | 0 | 1,293,000 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -7,576,000 | 294,000 | -70,143,000 | 387,000 | 157,000 | 104,000 | 340,000 | 76,437,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 52,906,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 31,244,000 | 0 | 0 | -2,000 | -39,000 | 6,000 | 35,000 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -119,000 | 436,000 | -606,000 | 142,000 | -227,000 | -188,000 | -577,000 | 1,456,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -1,583,000 | -54,000 | 0 | 0 | -81,000 | -1,000 | 1,859,000 | 2,483,000 | 1,762,000 | 1,902,000 | 964,000 | 1,536,000 |
| cash flow from financing | 78,107,000 | -1,825,000 | -159,000 | 794,000 | -9,875,000 | 1,337,000 | -125,237,000 | 6,504,000 | -203,000 | -432,000 | 4,685,000 | 113,113,000 |
| cash and cash equivalents | ||||||||||||
| cash | 0 | 0 | -7,137,000 | 5,259,000 | -5,388,000 | 5,678,000 | -4,488,000 | 293,000 | -18,973,000 | 14,984,000 | 3,418,000 | 6,354,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -7,137,000 | 5,259,000 | -5,388,000 | 5,678,000 | -4,488,000 | 293,000 | -18,973,000 | 14,984,000 | 3,418,000 | 6,354,000 |
P&L
November 2020turnover
245.1m
-3%
operating profit
567k
-791%
gross margin
24%
-7.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2020net assets
66.9m
-0.02%
total assets
153.9m
+0.22%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
martin retail group limited company details
company number
SC013840
Type
Private limited with Share Capital
industry
47240 - Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
47260 - Retail sale of tobacco products in specialised stores
47620 - Retail sale of newspapers and stationery in specialised stores
incorporation date
October 1925
age
99
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
martin the newsagent limited (December 1995)
r.s. mccoll limited (August 1987)
incorporated
UK
address
pricewaterhousecoopers llp, 144 morrison street, edinburgh, EH3 8EB
last accounts submitted
November 2020
martin retail 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 13 charges/mortgages relating to martin retail group limited. Currently there are 4 open charges and 9 have been satisfied in the past.
martin retail group limited Companies House Filings - See Documents
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