M & H Logistics (glasgow) Limited

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m & h logistics (glasgow) limited Company Information

Live

EstablishedMidDeclining

Company Number

SC300196

Website

www.mandhlogistics.com

Registered Address

130 cambuslang road, glasgow, lanarkshire, G32 8NB

Industry

Freight transport by road

Telephone

01925211411

Next Accounts Due

January 2025

Group Structure

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Directors

Tracey Marley17 Years

Thomas Wotherspoon15 Years

Shareholders

thomas brown wotherspoon 70%

tracey marley 30%

m & h logistics (glasgow) limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of M & H LOGISTICS (GLASGOW) LIMITED at £3.9m based on a Turnover of £9.2m and 0.43x industry multiple (adjusted for size and gross margin).

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M & H Logistics (glasgow) Limited is a live company located in lanarkshire, G32 8NB with a Companies House number of SC300196. It operates in the freight transport by road sector, SIC Code 49410. Founded in April 2006, it's largest shareholder is thomas brown wotherspoon with a 70% stake. M & H Logistics (glasgow) Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.2m with declining growth in recent years.

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Pomanda's financial health check has awarded M & H Logistics (Glasgow) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

6 Regular

4 Weak

Size

annual sales of £9.2m, make it in line with the average company (£9.7m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.2%)

EXPORT

M & H Logistics (Glasgow) Limited's latest turnover from April 2023 is £9.2 million and the company has net assets of £1.3 million. According to their latest financial statements, M & H Logistics (Glasgow) Limited has 65 employees and maintains cash reserves of £186.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	9,166,857	11,412,179	12,054,605	9,459,711	9,205,696	7,699,964	10,000,724	9,483,804	8,854,556	9,034,704	7,889,148	11,831,008	8,066,208	9,407,554
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,985,371	9,777,866	9,589,188	7,595,682	7,423,557	6,202,823	7,973,793	7,585,908	7,180,334	7,355,873	6,430,184	9,613,510	6,468,776	7,396,694
Gross Profit	2,181,486	1,634,313	2,465,417	1,864,029	1,782,138	1,497,141	2,026,931	1,897,896	1,674,222	1,678,831	1,458,964	2,217,498	1,597,432	2,010,860
Admin Expenses	2,104,999	1,760,728	1,784,899	1,482,158	1,566,578	1,484,321	1,832,011	1,739,916	1,228,873	1,093,334	977,060	1,931,272	1,037,086	1,631,329
Operating Profit	76,487	-126,415	680,518	381,871	215,560	12,820	194,920	157,980	445,349	585,497	481,904	286,226	560,346	379,531
Interest Payable	24,072	26,371	23,197	92,469	91,644	87,499	83,698	90,521	97,532	70,524	55,659	0	0	0
Interest Receivable	0	0	0	151	641	286	260	630	11	0	0	271	266	5
Pre-Tax Profit	52,415	-152,786	657,321	289,553	124,557	-74,392	111,483	68,089	347,828	514,973	426,245	286,497	560,612	379,536
Tax	-36,415	-13,468	-134,619	-55,015	-23,666	0	-21,182	-13,618	-121,979	-136,588	-114,838	-68,759	-145,759	-106,270
Profit After Tax	16,000	-166,254	522,702	234,538	100,891	-74,392	90,301	54,471	225,849	378,385	311,407	217,738	414,853	273,266
Dividends Paid	266,468	214,824	472,895	0	0	0	0	0	274,772	219,848	158,800	0	0	0
Retained Profit	-250,468	-381,078	49,807	234,538	100,891	-74,392	90,301	54,471	-48,923	158,537	152,607	217,738	414,853	273,266
Employee Costs	2,256,760	2,804,014	3,059,585	2,494,838	2,331,332	1,955,027	2,223,918	1,897,508	1,588,637	1,681,345	1,559,056	3,071,728	2,167,809	2,625,718
Number Of Employees	65	71	88	73	69	60	69	60	63	65	60	106	76	93
EBITDA*	271,384	86,758	807,429	468,534	344,742	151,273	321,608	184,675	525,636	661,058	521,744	326,213	581,555	392,558

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,694,311	1,941,386	2,138,961	1,913,515	1,951,618	2,123,562	1,914,221	1,994,483	1,999,439	1,877,164	1,946,437	1,962,998	1,644,764	2,040,664
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	326,802	755,955	385,990	385,990	385,990	291,081	119,818	119,818	89,818	89,769	89,769	89,769	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,021,113	2,697,341	2,524,951	2,299,505	2,337,608	2,414,643	2,034,039	2,114,301	2,089,257	1,966,933	2,036,206	2,052,767	1,644,764	2,040,664
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,335,248	1,800,731	2,786,873	1,504,897	1,410,313	1,209,175	1,710,152	1,718,977	1,803,693	1,965,821	1,952,871	1,667,718	1,204,310	1,069,160
Group Debtors	0	0	0	0	0	0	99,750	49,750	0	0	0	0	0	0
Misc Debtors	987,792	1,094,082	1,171,676	1,269,645	1,012,520	1,030,886	1,015,603	734,711	825,506	723,662	627,652	187,584	189,742	40,065
Cash	186,173	228,553	667,295	169,088	133,285	37,549	76,966	131,352	120,543	110,617	55,700	4,138	104,411	2,013
misc current assets	37,713	255,713	255,713	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,546,926	3,379,079	4,881,557	3,161,630	2,556,118	2,277,610	2,902,471	2,634,790	2,749,742	2,800,100	2,636,223	1,859,440	1,498,463	1,111,238
total assets	4,568,039	6,076,420	7,406,508	5,461,135	4,893,726	4,692,253	4,936,510	4,749,091	4,838,999	4,767,033	4,672,429	3,912,207	3,143,227	3,151,902
Bank overdraft	0	0	849,286	944,669	551,602	626,185	898,255	896,184	924,818	637,572	0	0	0	0
Bank loan	976,245	956,055	0	0	0	0	0	115,545	0	109,841	820,001	0	0	0
Trade Creditors	1,280,018	1,461,369	1,968,569	1,041,004	1,267,870	1,055,051	1,337,339	1,180,737	1,236,548	1,347,032	1,207,017	1,834,939	1,200,671	1,688,801
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	34,086	100,535	71,669	24,109	22,587	7,064	15,202	33,829	32,617	0	0	0	0	0
other current liabilities	920,545	1,715,453	1,713,035	814,600	550,884	670,842	602,677	592,978	551,149	534,309	524,864	0	0	0
total current liabilities	3,210,894	4,233,412	4,602,559	2,824,382	2,392,943	2,359,142	2,853,473	2,819,273	2,745,132	2,628,754	2,551,882	1,834,939	1,200,671	1,688,801
loans	0	0	682,672	737,863	797,644	739,949	427,878	340,474	508,239	580,655	716,496	0	0	0
hp & lease commitments	28,405	217,130	151,567	29,759	53,868	31,660	0	20,311	54,140	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	0	0	0	0	0	0	0	0	0	0	0	819,908	918,203	454,351
provisions	48,131	94,801	57,555	6,783	14,051	19,763	31,618	28,383	37,899	14,492	19,554	25,470	10,201	9,451
total long term liabilities	76,536	311,931	891,794	774,405	865,563	791,372	459,496	389,168	600,278	595,147	736,050	845,378	928,404	463,802
total liabilities	3,287,430	4,545,343	5,494,353	3,598,787	3,258,506	3,150,514	3,312,969	3,208,441	3,345,410	3,223,901	3,287,932	2,680,317	2,129,075	2,152,603
net assets	1,280,609	1,531,077	1,912,155	1,862,348	1,635,220	1,541,739	1,623,541	1,540,650	1,493,589	1,543,132	1,384,497	1,231,890	1,014,152	999,299
total shareholders funds	1,280,609	1,531,077	1,912,155	1,862,348	1,635,220	1,541,739	1,623,541	1,540,650	1,493,589	1,543,132	1,384,497	1,231,890	1,014,152	999,299

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	76,487	-126,415	680,518	381,871	215,560	12,820	194,920	157,980	445,349	585,497	481,904	286,226	560,346	379,531
Depreciation	194,897	213,173	126,911	86,663	129,182	138,453	126,688	26,695	80,287	75,561	39,840	39,987	21,209	13,027
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-36,415	-13,468	-134,619	-55,015	-23,666	0	-21,182	-13,618	-121,979	-136,588	-114,838	-68,759	-145,759	-106,270
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-571,773	-1,063,736	1,184,007	351,709	182,772	-585,444	322,067	-125,761	-60,284	108,960	725,221	461,250	284,827	1,109,225
Creditors	-181,351	-507,200	927,565	-226,866	212,819	-282,288	156,602	-55,811	-110,484	140,015	-627,922	634,268	-488,130	1,688,801
Accruals and Deferred Income	-794,908	2,418	898,435	263,716	-119,958	68,165	9,699	41,829	16,840	9,445	524,864	0	0	0
Deferred Taxes & Provisions	-46,670	37,246	50,772	-7,268	-5,712	-11,855	3,235	-9,516	23,407	-5,062	-5,916	15,269	750	9,451
Cash flow from operations	-216,187	669,490	1,365,575	91,392	225,453	510,739	147,895	273,320	393,704	559,908	-427,289	445,741	-336,411	875,315
Investing Activities
capital expenditure	0	0	0	-48,560	42,762	-347,794	-46,426	-21,739	-202,562	-6,289	-23,279	-358,221	374,691	-2,053,691
Change in Investments	-429,153	369,965	0	0	94,909	171,263	0	30,000	49	0	0	89,769	0	0
cash flow from investments	429,153	-369,965	0	-48,560	-52,147	-519,057	-46,426	-51,739	-202,611	-6,289	-23,279	-447,990	374,691	-2,053,691
Financing Activities
Bank loans	20,190	956,055	0	0	0	0	-115,545	115,545	-109,841	-710,160	820,001	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	-682,672	-55,191	-59,781	57,695	312,071	87,404	-167,765	-72,416	-135,841	716,496	0	0	0
Hire Purchase and Lease Commitments	-255,174	94,429	169,368	-22,587	37,731	23,522	-38,938	-32,617	86,757	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-819,908	-98,295	463,852	454,351
share issue	0	0	0	-7,410	-7,410	-7,410	-7,410	-7,410	-620	98	0	0	-400,000	726,033
interest	-24,072	-26,371	-23,197	-92,318	-91,003	-87,213	-83,438	-89,891	-97,521	-70,524	-55,659	271	266	5
cash flow from financing	-259,056	341,441	90,980	-182,096	-2,987	240,970	-157,927	-182,138	-193,641	-916,427	660,930	-98,024	64,118	1,180,389
cash and cash equivalents
cash	-42,380	-438,742	498,207	35,803	95,736	-39,417	-54,386	10,809	9,926	54,917	51,562	-100,273	102,398	2,013
overdraft	0	-849,286	-95,383	393,067	-74,583	-272,070	2,071	-28,634	287,246	637,572	0	0	0	0
change in cash	-42,380	410,544	593,590	-357,264	170,319	232,653	-56,457	39,443	-277,320	-582,655	51,562	-100,273	102,398	2,013

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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M & H LOGISTICS (GLASGOW) LIMITED group structure

M & H Logistics (Glasgow) Limited has no subsidiary companies.

Ultimate parent company

M & H LOGISTICS (GLASGOW) LIMITED

SC300196

M & H LOGISTICS (GLASGOW) LIMITED Shareholders

thomas brown wotherspoon	70%
tracey marley	30%

M & H Logistics (Glasgow) Limited currently has 2 directors. The longest serving directors include Ms Tracey Marley (Jun 2007) and Mr Thomas Wotherspoon (Sep 2008).

officer	country	age	start	end	role
Ms Tracey Marley	Scotland	51 years	Jun 2007	-	Director
Mr Thomas Wotherspoon	Scotland	55 years	Sep 2008	-	Director

P&L

April 2023

turnover

9.2m

-20%

operating profit

76.5k

-161%

gross margin

23.8%

+66.17%

turnover

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

Balance Sheet

April 2023

net assets

1.3m

-0.16%

total assets

4.6m

-0.25%

cash

186.2k

-0.19%

net assets

Total assets minus all liabilities

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company number

SC300196

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

April 2006

age

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

130 cambuslang road, glasgow, lanarkshire, G32 8NB

last accounts submitted

April 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 found 9 charges/mortgages relating to m & h logistics (glasgow) limited. Currently there are 5 open charges and 4 have been satisfied in the past.

m & h logistics (glasgow) limited Company Information

m & h logistics (glasgow) limited Estimated Valuation

m & h logistics (glasgow) limited Estimated Valuation

m & h logistics (glasgow) limited Estimated Valuation

M & H Logistics (glasgow) Limited Overview

M & H Logistics (glasgow) Limited Health Check

M & H LOGISTICS (GLASGOW) LIMITED financials

m & h logistics (glasgow) limited Credit Report and Business Information

M & H Logistics (glasgow) Limited Competitor Analysis

m & h logistics (glasgow) limited Ownership

m & h logistics (glasgow) limited directors

m & h logistics (glasgow) limited company details

m & h logistics (glasgow) limited Charges & Mortgages

m & h logistics (glasgow) limited Companies House Filings - See Documents