Myrtle Coffee Services Limited

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myrtle coffee services limited Company Information

Company Number

SC235373

Next Accounts

9 days late

Directors

Mark Braid

Len Braid

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Shareholders

mark leonard braid

gary arthur braid

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Group Structure

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Industry

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Registered Address

5 oswald road, kirkcaldy, fife, KY1 3JE

Website

www.myrtlecoffee.co.uk

myrtle coffee services limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of MYRTLE COFFEE SERVICES LIMITED at £2.1m based on a Turnover of £4m and 0.51x industry multiple (adjusted for size and gross margin).

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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.

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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

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £4m, make it smaller than the average company (£18.6m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.5%)

EXPORT

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	4,033,056	3,465,278	3,419,296	4,153,935	5,168,530	4,762,686	4,939,892	4,865,413	2,868,351	2,424,538	2,298,122	2,041,160	1,885,110	1,668,528
Other Income Or Grants
Cost Of Sales	2,708,437	2,343,127	2,389,014	2,911,350	3,587,129	3,333,257	3,511,579	3,445,929	2,026,816	1,717,716	1,618,934	1,419,087	1,297,871	1,159,648
Gross Profit	1,324,618	1,122,151	1,030,282	1,242,585	1,581,401	1,429,429	1,428,314	1,419,484	841,535	706,823	679,188	622,073	587,239	508,881
Admin Expenses	1,328,539	1,041,825	1,198,013	1,252,229	1,557,771	1,519,237	1,530,038	1,379,005	775,575	496,008	594,630	604,485	620,916	-547,340
Operating Profit	-3,921	80,326	-167,731	-9,644	23,630	-89,808	-101,724	40,479	65,960	210,815	84,558	17,588	-33,677	1,056,221
Interest Payable
Interest Receivable	26,423	7,330	539	451	2,813	2,181	1,240	2,247	2,393	2,494	2,186	2,008	2,368	1,318
Pre-Tax Profit	22,501	87,656	-167,192	-9,193	26,443	-87,627	-100,484	42,726	68,353	213,309	86,744	19,596	-31,309	1,057,539
Tax	-5,625	-16,655			-5,024			-8,545	-13,670	-44,795	-19,951	-4,703		-296,111
Profit After Tax	16,876	71,001	-167,192	-9,193	21,419	-87,627	-100,484	34,181	54,682	168,514	66,793	14,893	-31,309	761,428
Dividends Paid
Retained Profit	16,876	71,001	-167,192	-9,193	21,419	-87,627	-100,484	34,181	54,682	168,514	66,793	14,893	-31,309	761,428
Employee Costs	1,268,606	1,014,672	1,233,794	1,839,547	1,966,096	1,916,703	1,873,601	1,884,897	415,355	348,586	311,941	304,110	268,835	267,457
Number Of Employees	32	26	34	52	56	57	58	58	13	11	10	10	9	9
EBITDA*	119,796	206,359	-14,547	156,372	182,929	71,395	58,269	190,866	192,818	1,362,024	193,489	104,683	40,544	1,134,402

* 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											3,246	11,100	18,955
Investments & Other	1	1	1	1	1
Debtors (Due After 1 year)
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
Misc Debtors								1,773	13		394	660		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
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
Bank loan
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
other short term finances
hp & lease commitments
other current liabilities
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
hp & lease commitments
Accruals and Deferred Income
other liabilities	61,209	138,008	240,000	917	4,583		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
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	-3,921	80,326	-167,731	-9,644	23,630	-89,808	-101,724	40,479	65,960	210,815	84,558	17,588	-33,677	1,056,221
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											3,246	7,854	7,855	7,854
Tax	-5,625	-16,655			-5,024			-8,545	-13,670	-44,795	-19,951	-4,703		-296,111
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
Deferred Taxes & Provisions	10,605	-2,215	-29,731	9,741	-6,318	6,596	82,105
Cash flow from operations	151,271	183,624	-127,492	260,177	185,873	-24,152	239,056	205,461	113,748	1,274,514	206,837	79,418	-18,629	851,037
Investing Activities
capital expenditure	-191,611	-114,117	7,482	-199,602	-99,512	-192,792	-136,230	-205,783	-173,052	-1,257,489	-101,044	-120,900	-96,919	-333,377
Change in Investments					1
cash flow from investments	-191,611	-114,117	7,482	-199,602	-99,513	-192,792	-136,230	-205,783	-173,052	-1,257,489	-101,044	-120,900	-96,919	-333,377
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
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														100
interest	26,423	7,330	539	451	2,813	2,181	1,240	2,247	2,393	2,494	2,186	2,008	2,368	1,318
cash flow from financing	-50,376	-94,662	239,622	-3,215	7,396	943	-6,376	-2,830	4,030	-2,058	2,374	4,544	8,556	9,352
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
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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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 group structure

Myrtle Coffee Services Limited has 1 subsidiary company.

Ultimate parent company

MYRTLE COFFEE SERVICES LIMITED

SC235373

1 subsidiary

THE COFFEE ROASTING PROJECT LTD

SC604324

MYRTLE COFFEE SERVICES LIMITED Shareholders

mark leonard braid	43.12%
gary arthur braid	39.2%
executors of june braid	3.92%
pamela robson	3.92%
rebecca louise braid	3.92%
len braid	3.92%
gary desmond cunningham	2%

Myrtle Coffee Services Limited currently has 4 directors. The longest serving directors include Mr Mark Braid (Aug 2002) and Mr Len Braid (Aug 2002).

officer	country	age	start	end	role
Mr Mark Braid	United Kingdom	49 years	Aug 2002	-	Director
Mr Len Braid		71 years	Aug 2002	-	Director
Mr Gary Braid	Scotland	47 years	Aug 2002	-	Director
Mr Gary Cunningham	Scotland	53 years	Jan 2024	-	Director

P&L

June 2023

turnover

+16%

operating profit

-3.9k

gross margin

32.9%

+1.42%

turnover

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

Balance Sheet

June 2023

net assets

814.1k

+0.02%

total assets

1.6m

+0.02%

cash

483.1k

-0.16%

net assets

Total assets minus all liabilities

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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

ultimate parent company

None

previous names

N/A

address

5 oswald road, kirkcaldy, fife, KY1 3JE

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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.

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myrtle coffee services limited Company Information

myrtle coffee services limited Estimated Valuation

myrtle coffee services limited Estimated Valuation

myrtle coffee services limited Estimated Valuation

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MYRTLE COFFEE SERVICES LIMITED financials

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