Merchant City Distributors Limited

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merchant city distributors limited Company Information

Live

MatureMidDeclining

Company Number

SC244434

Website

http://mcduk.co.uk

Registered Address

8 glenfield road, kelvin industrial estate, east kilbride, glasgow, G75 0RA

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01355266683

Next Accounts Due

September 2024

Group Structure

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Directors

Adrian Gillman4 Years

David Towill2 Years

Shareholders

merchant city global holdings ltd 100%

merchant city distributors limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of MERCHANT CITY DISTRIBUTORS LIMITED at £2.1m based on a Turnover of £5.9m and 0.35x industry multiple (adjusted for size and gross margin).

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Merchant City Distributors Limited is a live company located in east kilbride, G75 0RA with a Companies House number of SC244434. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in February 2003, it's largest shareholder is merchant city global holdings ltd with a 100% stake. Merchant City Distributors Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Merchant City Distributors Limited a 3 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 Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £5.9m, make it in line with the average company (£6.2m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.5%)

EXPORT

Merchant City Distributors Limited's latest turnover from December 2022 is estimated at £5.9 million and the company has net assets of £397.8 thousand. According to their latest financial statements, Merchant City Distributors Limited has 38 employees and maintains cash reserves of £99.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	5,932,453	6,659,439	7,460,491	7,065,743	9,797,376	13,030,151	13,599,557	7,655,890	9,311,541	10,529,007	7,358,235	11,080,308	8,959,715	7,987,958
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,496,432	5,126,713	5,740,929	5,392,945	7,407,236	9,789,893	10,031,915	5,211,998	6,513,304	8,094,114	5,506,885	7,932,147	6,330,189	5,637,362
Gross Profit	1,436,021	1,532,726	1,719,562	1,672,798	2,390,139	3,240,258	3,567,643	2,443,892	2,798,237	2,434,893	1,851,350	3,148,161	2,629,526	2,350,596
Admin Expenses	1,581,132	1,236,038	1,662,609	1,591,410	2,487,523	3,514,566	3,502,808	2,409,289	2,774,727	2,081,303	1,626,535	2,984,607	2,514,629	2,298,560
Operating Profit	-145,111	296,688	56,953	81,388	-97,384	-274,308	64,835	34,603	23,510	353,590	224,815	163,554	114,897	52,036
Interest Payable	49,159	36,300	28,169	27,050	45,619	56,071	65,710	69,466	87,592	23,453	23,531	6,665	10,122	5,829
Interest Receivable	2,664	157	78	313	0	125	139	128	0	0	0	8	4	1
Pre-Tax Profit	-191,606	260,546	28,862	54,652	-143,003	-330,254	-736	22,595	7,590	330,137	201,284	156,897	104,778	46,208
Tax	0	-49,504	-5,484	-10,384	0	0	0	-6,057	-4,356	-68,905	-30,816	-37,655	-27,242	-12,938
Profit After Tax	-191,606	211,042	23,378	44,268	-143,003	-330,254	-736	16,538	3,234	261,232	170,468	119,242	77,536	33,270
Dividends Paid	0	0	0	0	0	0	0	9,600	0	63,140	33,455	0	0	0
Retained Profit	-191,606	211,042	23,378	44,268	-143,003	-330,254	-736	6,938	3,234	198,092	137,013	119,242	77,536	33,270
Employee Costs	1,724,334	1,609,687	1,662,106	2,073,594	2,693,784	3,437,890	3,431,340	1,466,539	1,654,014	1,180,506	950,177	2,824,418	2,458,679	2,138,995
Number Of Employees	38	37	38	47	62	82	85	81	86	60	43	77	69	62
EBITDA*	-111,724	345,960	103,589	131,046	-51,869	-242,015	120,588	80,289	93,511	413,391	289,603	207,111	171,040	111,891

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,013,260	772,686	779,288	800,924	825,582	896,975	903,339	940,485	920,501	959,529	936,092	1,018,680	972,889	977,033
Intangible Assets	0	175,000	200,000	225,000	250,000	29,167	37,500	50,000	62,500	75,000	87,500	100,000	112,500	125,000
Investments & Other	0	0	0	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	0	0	0
Total Fixed Assets	1,013,260	947,686	979,288	1,025,924	1,075,582	926,142	940,839	990,485	983,001	1,034,529	1,023,592	1,118,680	1,085,389	1,102,033
Stock & work in progress	533,953	526,154	443,696	429,488	483,918	704,231	843,431	550,726	447,244	772,340	701,583	627,343	397,437	314,119
Trade Debtors	623,821	771,760	820,070	488,679	982,302	1,706,161	2,003,511	1,331,194	1,277,972	1,861,310	1,667,853	1,198,033	1,046,574	888,977
Group Debtors	223,209	221,719	318,118	27,411	242,002	230,802	216,802	203,602	173,702	0	0	0	0	0
Misc Debtors	83,373	26,610	96,396	254,857	120,564	22,093	6,379	0	0	0	4,606	0	0	0
Cash	99,349	52,892	72,934	83,469	0	0	61,388	50,027	98,974	38,492	81,164	2,048	1,122	507
misc current assets	0	0	0	0	0	0	110,839	89,857	87,737	119,337	112,209	83,845	70,326	99,074
total current assets	1,563,705	1,599,135	1,751,214	1,283,904	1,828,786	2,663,287	3,242,350	2,225,406	2,085,629	2,791,479	2,567,415	1,911,269	1,515,459	1,302,677
total assets	2,576,965	2,546,821	2,730,502	2,309,828	2,904,368	3,589,429	4,183,189	3,215,891	3,068,630	3,826,008	3,591,007	3,029,949	2,600,848	2,404,710
Bank overdraft	457,436	519,165	558,265	315,308	486,163	865,525	1,160,037	685,740	617,711	242,191	631,902	0	0	0
Bank loan	0	0	0	0	0	0	0	0	127,764	140,000	160,212	0	0	0
Trade Creditors	872,709	1,152,998	1,444,655	1,481,624	1,922,764	2,164,832	2,086,097	1,483,221	1,138,616	2,200,792	1,691,780	2,367,562	1,995,027	1,815,876
Group/Directors Accounts	0	240,140	320,200	0	0	0	0	0	0	0	466	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	5,331	12,227	6,049	14,251	12,557	20,354	0	0	0
other current liabilities	130,459	169,585	137,658	316,550	343,363	254,406	213,030	225,855	288,547	199,324	149,188	0	0	0
total current liabilities	1,460,604	2,081,888	2,460,778	2,113,482	2,752,290	3,290,094	3,471,391	2,400,865	2,186,889	2,794,864	2,653,902	2,367,562	1,995,027	1,815,876
loans	24,167	34,167	50,000	0	0	0	82,946	173,996	249,747	383,989	502,827	72,981	132,092	179,362
hp & lease commitments	0	0	0	0	0	0	0	9,433	13,391	26,413	12,000	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	694,349	0	0	0	0	0	0	0	0	0	0	286,534	300,569	316,775
provisions	0	0	0	0	0	4,254	4,253	6,262	206	5,579	5,207	22,814	12,344	9,417
total long term liabilities	718,516	34,167	50,000	0	0	4,254	87,199	189,691	263,344	415,981	520,034	382,329	445,005	505,554
total liabilities	2,179,120	2,116,055	2,510,778	2,113,482	2,752,290	3,294,348	3,558,590	2,590,556	2,450,233	3,210,845	3,173,936	2,749,891	2,440,032	2,321,430
net assets	397,845	430,766	219,724	196,346	152,078	295,081	624,599	625,335	618,397	615,163	417,071	280,058	160,816	83,280
total shareholders funds	397,845	430,766	219,724	196,346	152,078	295,081	624,599	625,335	618,397	615,163	417,071	280,058	160,816	83,280

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-145,111	296,688	56,953	81,388	-97,384	-274,308	64,835	34,603	23,510	353,590	224,815	163,554	114,897	52,036
Depreciation	8,387	24,272	21,636	24,658	33,015	23,960	43,253	33,186	57,501	47,301	52,288	31,057	43,643	47,355
Amortisation	25,000	25,000	25,000	25,000	12,500	8,333	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
Tax	0	-49,504	-5,484	-10,384	0	0	0	-6,057	-4,356	-68,905	-30,816	-37,655	-27,242	-12,938
Stock	7,799	82,458	14,208	-54,430	-220,313	153,505	292,705	103,482	-325,096	70,757	74,240	229,906	83,318	314,119
Debtors	-89,686	-214,495	463,637	-573,921	-614,188	424,260	691,896	83,122	-409,636	188,851	474,426	151,459	157,597	888,977
Creditors	-280,289	-291,657	-36,969	-441,140	-242,068	681,611	602,876	344,605	-1,062,176	509,012	-675,782	372,535	179,151	1,815,876
Accruals and Deferred Income	-39,126	31,927	-178,892	-26,813	88,957	28,551	-12,825	-62,692	89,223	50,136	149,188	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-4,254	-2,008	-2,009	6,056	-5,373	372	-17,607	10,470	2,927	9,417
Cash flow from operations	-349,252	168,763	-595,601	281,060	625,267	-111,626	-275,971	175,597	-154,439	644,398	-834,080	171,096	84,961	721,150
Investing Activities
capital expenditure	-98,961	-17,670	0	0	-194,955	32,050	-6,107	-53,170	-18,316	-39,092	14,600	-76,848	-39,499	-1,161,888
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-98,961	-17,670	0	0	-194,955	32,050	-6,107	-53,170	-18,316	-39,092	14,600	-76,848	-39,499	-1,161,888
Financing Activities
Bank loans	0	0	0	0	0	0	0	-127,764	-12,236	-20,212	160,212	0	0	0
Group/Directors Accounts	-240,140	-80,060	320,200	0	0	0	0	0	0	-466	466	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-15,833	50,000	0	0	-173,996	-91,050	-75,751	-134,242	-118,838	429,846	-59,111	-47,270	179,362
Hire Purchase and Lease Commitments	0	0	0	0	-5,331	-10,151	-3,255	-12,160	-11,328	6,616	32,354	0	0	0
other long term liabilities	694,349	0	0	0	0	0	0	0	0	0	-286,534	-14,035	-16,206	316,775
share issue	158,685	0	0	0	0	0	0	0	0	0	0	0	0	50,010
interest	-46,495	-36,143	-28,091	-26,737	-45,619	-55,946	-65,571	-69,338	-87,592	-23,453	-23,531	-6,657	-10,118	-5,828
cash flow from financing	556,399	-132,036	342,109	-26,737	-50,950	-240,093	-159,876	-285,013	-245,398	-156,353	312,813	-79,803	-73,594	540,319
cash and cash equivalents
cash	46,457	-20,042	-10,535	83,469	0	-50,027	11,361	-48,947	60,482	-42,672	79,116	926	615	507
overdraft	-61,729	-39,100	242,957	-170,855	-379,362	179,785	474,297	68,029	375,520	-389,711	631,902	0	0	0
change in cash	108,186	19,058	-253,492	254,324	379,362	-229,812	-462,936	-116,976	-315,038	347,039	-552,786	926	615	507

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MERCHANT CITY DISTRIBUTORS LIMITED group structure

Merchant City Distributors Limited has no subsidiary companies.

Ultimate parent company

MERCHANT CITY GLOBAL HOLDINGS LIMITED

SC444415

1 parent

MERCHANT CITY DISTRIBUTORS LIMITED

SC244434

MERCHANT CITY DISTRIBUTORS LIMITED Shareholders

merchant city global holdings ltd

100%

Merchant City Distributors Limited currently has 2 directors. The longest serving directors include Mr Adrian Gillman (Oct 2019) and Mr David Towill (Nov 2021).

officer	country	age	start	end	role
Mr Adrian Gillman	England	62 years	Oct 2019	-	Director
Mr David Towill	United Kingdom	40 years	Nov 2021	-	Director

P&L

December 2022

turnover

5.9m

-11%

operating profit

-145.1k

gross margin

24.3%

+5.17%

turnover

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

Balance Sheet

December 2022

net assets

397.8k

-0.08%

total assets

2.6m

+0.01%

cash

99.3k

+0.88%

net assets

Total assets minus all liabilities

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company number

SC244434

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

February 2003

age

accounts

Total Exemption Full

ultimate parent company

MERCHANT CITY GLOBAL HOLDINGS LIMITED

previous names

N/A

incorporated

address

8 glenfield road, kelvin industrial estate, east kilbride, glasgow, G75 0RA

last accounts submitted

December 2022

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 5 charges/mortgages relating to merchant city distributors limited. Currently there are 1 open charges and 4 have been satisfied in the past.

merchant city distributors limited Company Information

merchant city distributors limited Estimated Valuation

merchant city distributors limited Estimated Valuation

merchant city distributors limited Estimated Valuation

Merchant City Distributors Limited Overview

Merchant City Distributors Limited Health Check

MERCHANT CITY DISTRIBUTORS LIMITED financials

merchant city distributors limited Credit Report and Business Information

Merchant City Distributors Limited Competitor Analysis

merchant city distributors limited Ownership

merchant city distributors limited directors

merchant city distributors limited company details

merchant city distributors limited Charges & Mortgages

merchant city distributors limited Companies House Filings - See Documents