myrtle coffee services limited Company Information
Company Number
SC235373
Website
www.myrtlecoffee.co.ukRegistered Address
5 oswald road, kirkcaldy, fife, KY1 3JE
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Non-specialised wholesale of food, beverages and tobacco
Telephone
01592874242
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
mark leonard braid 43.1%
gary arthur braid 39.2%
View Allmyrtle coffee services limited Estimated Valuation
Pomanda estimates the enterprise value of MYRTLE COFFEE SERVICES LIMITED at £2.1m based on a Turnover of £4m and 0.52x industry multiple (adjusted for size and gross margin).
myrtle coffee services limited Estimated Valuation
Pomanda estimates the enterprise value of MYRTLE COFFEE SERVICES LIMITED at £395.7k based on an EBITDA of £119.8k and a 3.3x industry multiple (adjusted for size and gross margin).
myrtle coffee services limited Estimated Valuation
Pomanda estimates the enterprise value of MYRTLE COFFEE SERVICES LIMITED at £692.4k based on Net Assets of £814.1k and 0.85x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Myrtle Coffee Services Limited Overview
Myrtle Coffee Services Limited is a live company located in fife, KY1 3JE with a Companies House number of SC235373. It operates in the non-specialised wholesale of food, beverages and tobacco sector, SIC Code 46390. Founded in August 2002, it's largest shareholder is mark leonard braid with a 43.1% stake. Myrtle Coffee Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Myrtle Coffee Services Limited Health Check
Pomanda's financial health check has awarded Myrtle Coffee Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £4m, make it smaller than the average company (£19.1m)
- Myrtle Coffee Services Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.3%)
- Myrtle Coffee Services Limited
6.3% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
- Myrtle Coffee Services Limited
33.2% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (7.3%)
- Myrtle Coffee Services Limited
7.3% - Industry AVG
Employees
with 32 employees, this is below the industry average (59)
32 - Myrtle Coffee Services Limited
59 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
- Myrtle Coffee Services Limited
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £125.4k, this is less efficient (£290k)
- Myrtle Coffee Services Limited
£290k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (47 days)
- Myrtle Coffee Services Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (45 days)
- Myrtle Coffee Services Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is in line with average (30 days)
- Myrtle Coffee Services Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (8 weeks)
39 weeks - Myrtle Coffee Services Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.5%, this is a lower level of debt than the average (60.1%)
48.5% - Myrtle Coffee Services Limited
60.1% - Industry AVG
MYRTLE COFFEE SERVICES LIMITED financials
Myrtle Coffee Services Limited's latest turnover from June 2023 is estimated at £4 million and the company has net assets of £814.1 thousand. According to their latest financial statements, Myrtle Coffee Services Limited has 32 employees and maintains cash reserves of £483.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 32 | 26 | 34 | 52 | 56 | 57 | 58 | 58 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 376,299 | 320,725 | 332,641 | 493,307 | 459,721 | 519,508 | 487,919 | 511,682 | 456,286 | 410,092 | 303,812 | 308,453 | 266,794 | 236,241 |
Intangible Assets | 12,320 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,246 | 11,100 | 18,955 |
Investments & Other | 1 | 1 | 1 | 1 | 1 | 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 | 0 | 0 | 0 |
Total Fixed Assets | 388,620 | 320,726 | 332,642 | 493,308 | 459,722 | 519,508 | 487,919 | 511,682 | 456,286 | 410,092 | 303,812 | 311,699 | 277,894 | 255,196 |
Stock & work in progress | 267,806 | 229,303 | 140,900 | 169,312 | 242,646 | 233,727 | 243,459 | 248,713 | 269,056 | 242,658 | 229,262 | 254,989 | 238,666 | 206,252 |
Trade Debtors | 441,023 | 422,329 | 387,229 | 321,927 | 476,735 | 373,931 | 328,688 | 327,405 | 372,011 | 302,818 | 268,898 | 211,641 | 164,313 | 146,730 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,773 | 13 | 0 | 394 | 660 | 0 | 3,810 |
Cash | 483,094 | 573,811 | 598,966 | 479,354 | 421,994 | 328,238 | 544,239 | 447,789 | 450,941 | 506,216 | 491,249 | 383,082 | 420,020 | 527,012 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,191,923 | 1,225,443 | 1,127,095 | 970,593 | 1,141,375 | 935,896 | 1,116,386 | 1,025,680 | 1,092,021 | 1,051,692 | 989,803 | 850,372 | 822,999 | 883,804 |
total assets | 1,580,543 | 1,546,169 | 1,459,737 | 1,463,901 | 1,601,097 | 1,455,404 | 1,604,305 | 1,537,362 | 1,548,307 | 1,461,784 | 1,293,615 | 1,162,071 | 1,100,893 | 1,139,000 |
Bank overdraft | 0 | 0 | 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 | 0 | 0 |
Trade Creditors | 634,469 | 550,777 | 431,139 | 477,463 | 611,541 | 485,532 | 552,164 | 459,226 | 499,275 | 469,071 | 464,864 | 400,301 | 356,552 | 369,538 |
Group/Directors Accounts | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
total current liabilities | 634,469 | 550,777 | 431,139 | 477,463 | 611,541 | 485,532 | 552,164 | 459,226 | 499,275 | 469,071 | 464,864 | 400,301 | 356,552 | 369,538 |
loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 61,209 | 138,008 | 240,000 | 917 | 4,583 | 0 | 1,238 | 8,854 | 13,931 | 12,294 | 16,846 | 16,658 | 14,122 | 7,934 |
provisions | 70,783 | 60,178 | 62,393 | 92,124 | 82,383 | 88,701 | 82,105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 131,992 | 198,186 | 302,393 | 93,041 | 86,966 | 88,701 | 83,343 | 8,854 | 13,931 | 12,294 | 16,846 | 16,658 | 14,122 | 7,934 |
total liabilities | 766,461 | 748,963 | 733,532 | 570,504 | 698,507 | 574,233 | 635,507 | 468,080 | 513,206 | 481,365 | 481,710 | 416,959 | 370,674 | 377,472 |
net assets | 814,082 | 797,206 | 726,205 | 893,397 | 902,590 | 881,171 | 968,798 | 1,069,282 | 1,035,101 | 980,419 | 811,905 | 745,112 | 730,219 | 761,528 |
total shareholders funds | 814,082 | 797,206 | 726,205 | 893,397 | 902,590 | 881,171 | 968,798 | 1,069,282 | 1,035,101 | 980,419 | 811,905 | 745,112 | 730,219 | 761,528 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 123,717 | 126,033 | 153,184 | 166,016 | 159,299 | 161,203 | 159,993 | 150,387 | 126,858 | 1,151,209 | 105,685 | 79,241 | 66,366 | 70,327 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,246 | 7,854 | 7,855 | 7,854 |
Tax | ||||||||||||||
Stock | 38,503 | 88,403 | -28,412 | -73,334 | 8,919 | -9,732 | -5,254 | -20,343 | 26,398 | 13,396 | -25,727 | 16,323 | 32,414 | 206,252 |
Debtors | 18,694 | 35,100 | 65,302 | -154,808 | 102,804 | 45,243 | -490 | -42,846 | 69,206 | 33,526 | 56,991 | 47,988 | 13,773 | 150,540 |
Creditors | 83,692 | 119,638 | -46,324 | -134,078 | 126,009 | -66,632 | 92,938 | -40,049 | 30,204 | 4,207 | 64,563 | 43,749 | -12,986 | 369,538 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 10,605 | -2,215 | -29,731 | 9,741 | -6,318 | 6,596 | 82,105 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -76,799 | -101,992 | 239,083 | -3,666 | 4,583 | -1,238 | -7,616 | -5,077 | 1,637 | -4,552 | 188 | 2,536 | 6,188 | 7,934 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -90,717 | -25,155 | 119,612 | 57,360 | 93,756 | -216,001 | 96,450 | -3,152 | -55,275 | 14,967 | 108,167 | -36,938 | -106,992 | 527,012 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -90,717 | -25,155 | 119,612 | 57,360 | 93,756 | -216,001 | 96,450 | -3,152 | -55,275 | 14,967 | 108,167 | -36,938 | -106,992 | 527,012 |
myrtle coffee services limited Credit Report and Business Information
Myrtle Coffee Services Limited Competitor Analysis
Perform a competitor analysis for myrtle coffee services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in KY1 area or any other competitors across 12 key performance metrics.
myrtle coffee services limited Ownership
MYRTLE COFFEE SERVICES LIMITED group structure
Myrtle Coffee Services Limited has 1 subsidiary company.
Ultimate parent company
MYRTLE COFFEE SERVICES LIMITED
SC235373
1 subsidiary
myrtle coffee services limited directors
Myrtle Coffee Services Limited currently has 4 directors. The longest serving directors include Mr Len Braid (Aug 2002) and Mr Gary Braid (Aug 2002).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Len Braid | 71 years | Aug 2002 | - | Director | |
Mr Gary Braid | Scotland | 47 years | Aug 2002 | - | Director |
Mr Mark Braid | England | 48 years | Aug 2002 | - | Director |
Mr Gary Cunningham | Scotland | 53 years | Jan 2024 | - | Director |
P&L
June 2023turnover
4m
+20%
operating profit
-3.9k
0%
gross margin
33.2%
+1.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
814.1k
+0.02%
total assets
1.6m
+0.02%
cash
483.1k
-0.16%
net assets
Total assets minus all liabilities
myrtle coffee services limited company details
company number
SC235373
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
46390 - Non-specialised wholesale of food, beverages and tobacco
incorporation date
August 2002
age
22
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
5 oswald road, kirkcaldy, fife, KY1 3JE
accountant
M&S ACCOUNTANCY AND TAXATION LTD
auditor
-
myrtle coffee services 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 2 charges/mortgages relating to myrtle coffee services limited. Currently there are 1 open charges and 1 have been satisfied in the past.
myrtle coffee services limited Companies House Filings - See Documents
date | description | view/download |
---|