Mitchell's Auction Company Limited

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mitchell's auction company limited Company Information

Live

MatureSmallDeclining

Company Number

00007796

Next Accounts

Sep 2025

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Directors

Derwent Wise

Andrew Nicholson

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Shareholders

mr s. revell

mrs c.j. gate

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Group Structure

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Contact

Registered Address

lakeland livestock centre, lakeland agricultural centre, cockermouth, cumbria, CA13 0QQ

Website

http://mitchellsauction.co.uk

mitchell's auction company limited Estimated Valuation

£9.8m

Pomanda estimates the enterprise value of MITCHELL'S AUCTION COMPANY LIMITED at £9.8m based on Net Assets of £4.5m and 2.2x industry multiple (adjusted for liquidity).

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Mitchell's Auction Company Limited is a live company located in cockermouth, CA13 0QQ with a Companies House number of 00007796. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in November 1873, it's largest shareholder is mr s. revell with a 5.9% stake. Mitchell's Auction Company Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Mitchell'S Auction Company Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3.1m, make it in line with the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (7.1%)

EXPORT

Mitchell'S Auction Company Limited's latest turnover from December 2023 is £3.1 million and the company has net assets of £4.5 million. According to their latest financial statements, Mitchell'S Auction Company Limited has 89 employees and maintains cash reserves of £9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	3,093,006	2,981,750	2,853,619	6,950,433	6,335,421	5,612,766	6,212,834	5,549,309	5,336,955	6,954,274	1,803,841	1,806,014	1,779,333	5,958,538	1,274,586
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,703,636	1,686,640	0	3,921,154	3,554,692	3,162,763	3,419,794	2,925,977	2,833,780	3,698,625	954,152	955,115	938,434	2,999,733	0
Gross Profit	1,389,370	1,295,110	2,853,619	3,029,279	2,780,728	2,450,003	2,793,041	2,623,332	2,503,174	3,255,650	849,689	850,899	840,899	2,958,805	0
Admin Expenses	1,442,123	1,329,800	2,496,499	3,177,886	2,862,163	2,279,613	2,364,017	2,416,657	2,338,385	2,705,371	852,907	854,096	757,984	2,670,746	-65,428
Operating Profit	-52,753	-34,690	357,120	-148,607	-81,435	170,390	429,024	206,675	164,789	550,279	-3,218	-3,197	82,915	288,059	65,428
Interest Payable	29,094	11,498	107,566	5,995	5,326	5,688	5,826	8,358	5,691	22,495	19,440	21,031	22,390	66,096	54,013
Interest Receivable	5,898	1,244	2,277	627	6,242	3,957	625	116	23	17	2,229	895	1,870	0	6,789
Pre-Tax Profit	49,879	196,333	279,821	-153,975	-80,519	168,659	423,823	198,434	159,120	527,801	-2,810	23,735	97,437	221,964	78,030
Tax	-79,534	-37,566	-51,215	0	0	-32,045	-80,526	-39,687	-31,824	-110,838	-6,358	-12,456	-24,334	-62,150	-22,961
Profit After Tax	-29,655	158,767	228,606	-153,975	-80,519	136,614	343,297	158,747	127,296	416,963	-9,168	11,279	73,103	159,814	55,069
Dividends Paid	35,889	54,326	93,740	0	0	0	0	0	0	0	11,254	41,234	51,611	0	0
Retained Profit	-65,544	104,441	134,866	-153,975	-80,519	136,614	343,297	158,747	127,296	416,963	-20,422	-29,955	21,492	159,814	55,069
Employee Costs	1,870,297	1,792,769	1,669,286	3,993,518	4,195,505	3,790,705	3,406,624	3,470,508	3,146,559	2,578,489	970,745	992,449	963,288	2,162,190	793,304
Number Of Employees	89	81	80	84	88	82	76	79	71	59	68	64	71	55	0
EBITDA*	16,347	35,584	426,776	-78,962	-7,808	245,169	503,839	284,790	232,273	550,279	87,639	94,787	159,385	349,574	124,696

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	2,794,318	2,829,200	2,802,867	2,837,600	2,631,709	3,021,947	3,342,277	3,404,806	3,391,316	3,448,192	3,367,962	3,443,016	3,548,843	3,253,810	3,298,762
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	1,232	3,392	10,809
Investments & Other	1,120,000	1,120,000	975,000	237,291	325,000	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	0
Total Fixed Assets	3,914,318	3,949,200	3,777,867	3,074,891	2,956,709	3,021,947	3,342,277	3,404,806	3,391,316	3,448,192	3,367,962	3,443,016	3,550,075	3,257,202	3,309,571
Stock & work in progress	4,082	4,472	4,539	3,759	5,229	6,306	7,059	6,485	3,025	2,728	2,640	2,973	1,897	0	0
Trade Debtors	1,692,037	1,614,401	1,257,392	1,221,127	970,490	877,268	1,215,366	836,403	822,031	1,221,465	947,542	1,004,370	1,227,337	1,084,636	945,402
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	65,037	103,731	28,405	43,905	35,661	44,477	41,404	36,398	33,491	0	31,936	21,519	20,110	0	36,530
Cash	9,001	5,953	278,581	481,874	772,485	892,107	163,159	87,024	5,919	3,142	3,801	3,942	1,041	78	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,770,157	1,728,557	1,568,917	1,750,665	1,783,865	1,820,158	1,426,988	966,310	864,466	1,227,335	985,919	1,032,804	1,250,385	1,084,714	981,932
total assets	5,684,475	5,677,757	5,346,784	4,825,556	4,740,574	4,842,105	4,769,265	4,371,116	4,255,782	4,675,527	4,353,881	4,475,820	4,800,460	4,341,916	4,291,503
Bank overdraft	576,221	454,439	34,687	0	0	0	5,176	4,935	82,401	0	497,421	455,168	895,537	974,931	949,930
Bank loan	0	0	0	10,200	5,418	5,417	0	0	0	0	0	74,580	72,315	0	0
Trade Creditors	127,517	201,854	120,060	115,064	83,607	75,106	86,530	75,307	76,259	889,263	72,654	75,506	67,864	206,353	303,958
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	5,420	6,954	5,550	5,896	6,243
other current liabilities	282,452	281,685	538,004	284,773	264,772	280,857	336,866	276,823	247,487	0	153,012	140,903	248,961	0	0
total current liabilities	986,190	937,978	692,751	410,037	353,797	361,380	428,572	357,065	406,147	889,263	728,507	753,111	1,290,227	1,187,180	1,260,131
loans	89,257	123,087	159,249	110,174	70,779	76,188	81,763	87,393	92,719	0	194,721	259,302	328,742	42,668	66,184
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	12,141	17,632	1,245	5,553	9,514
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	735	153,063	0	0	0	0	0
provisions	132,746	74,866	57,399	59,066	81,450	89,470	81,287	95,685	85,255	90,471	65,855	72,696	65,188	42,935	10,365
total long term liabilities	222,003	197,953	216,648	169,240	152,229	165,658	163,050	183,078	178,709	243,534	272,717	349,630	395,175	91,156	86,063
total liabilities	1,208,193	1,135,931	909,399	579,277	506,026	527,038	591,622	540,143	584,856	1,132,797	1,001,224	1,102,741	1,685,402	1,278,336	1,346,194
net assets	4,476,282	4,541,826	4,437,385	4,246,279	4,234,548	4,315,067	4,177,643	3,830,973	3,670,926	3,542,730	3,352,657	3,373,079	3,115,058	3,063,580	2,945,309
total shareholders funds	4,476,282	4,541,826	4,437,385	4,246,279	4,234,548	4,315,067	4,177,643	3,830,973	3,670,926	3,542,730	3,352,657	3,373,079	3,115,058	3,063,580	2,945,309

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-52,753	-34,690	357,120	-148,607	-81,435	170,390	429,024	206,675	164,789	550,279	-3,218	-3,197	82,915	288,059	65,428
Depreciation	69,100	70,274	69,656	69,645	73,627	74,779	74,815	78,115	67,484	0	90,857	97,804	74,310	59,353	59,268
Amortisation	0	0	0	0	0	0	0	0	0	0	0	180	2,160	2,162	0
Tax	-79,534	-37,566	-51,215	0	0	-32,045	-80,526	-39,687	-31,824	-110,838	-6,358	-12,456	-24,334	-62,150	-22,961
Stock	-390	-67	780	-1,470	-1,077	-753	574	3,460	297	88	-333	1,076	1,897	0	0
Debtors	38,942	432,335	20,765	258,881	84,406	-335,025	383,969	17,279	-365,943	241,987	-46,411	-221,558	162,811	102,704	981,932
Creditors	-74,337	81,794	4,996	31,457	8,501	-11,424	11,223	-952	-813,004	816,609	-2,852	7,642	-138,489	-97,605	303,958
Accruals and Deferred Income	767	-256,319	253,231	20,001	-16,085	-56,009	60,043	29,336	247,487	-153,012	12,109	-108,058	248,961	0	0
Deferred Taxes & Provisions	57,880	17,467	-1,667	-22,384	-8,020	8,183	-14,398	10,430	-5,216	24,616	-6,841	7,508	22,253	32,570	10,365
Cash flow from operations	-117,429	-591,308	610,576	-307,299	-106,741	489,652	95,638	263,178	-4,638	885,579	130,441	209,905	103,068	119,685	-565,874
Investing Activities
capital expenditure	0	0	0	-275,536	316,611	245,551	-12,286	-91,605	-10,608	-80,230	-15,803	-40,711	-369,343	-9,146	-8,290
Change in Investments	0	145,000	737,709	-87,709	325,000	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-145,000	-737,709	-187,827	-8,389	245,551	-12,286	-91,605	-10,608	-80,230	-15,803	-40,711	-369,343	-9,146	-8,290
Financing Activities
Bank loans	0	0	-10,200	4,782	1	5,417	0	0	0	0	-74,580	2,265	72,315	0	0
Group/Directors Accounts	0	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	0
Long term loans	-33,830	-36,162	49,075	39,395	-5,409	-5,575	-5,630	-5,326	92,719	-194,721	-64,581	-69,440	286,074	-23,516	66,184
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-17,561	-7,025	17,791	-4,654	-4,308	15,757
other long term liabilities	0	0	0	0	0	0	0	-735	-152,328	153,063	0	0	0	0	0
share issue	0	0	56,240	165,706	0	810	3,373	1,300	900	-226,890	0	287,976	29,986	-41,543	2,890,240
interest	-23,196	-10,254	-105,289	-5,368	916	-1,731	-5,201	-8,242	-5,668	-22,478	-17,211	-20,136	-20,520	-66,096	-47,224
cash flow from financing	-57,026	-46,416	-10,174	204,515	-4,492	-1,079	-7,458	-13,003	-64,377	-308,587	-163,397	218,456	363,201	-135,463	2,924,957
cash and cash equivalents
cash	3,048	-272,628	-203,293	-290,611	-119,622	728,948	76,135	81,105	2,777	-659	-141	2,901	963	78	0
overdraft	121,782	419,752	34,687	0	0	-5,176	241	-77,466	82,401	-497,421	42,253	-440,369	-79,394	25,001	949,930
change in cash	-118,734	-692,380	-237,980	-290,611	-119,622	734,124	75,894	158,571	-79,624	496,762	-42,394	443,270	80,357	-24,923	-949,930

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MITCHELL'S AUCTION COMPANY LIMITED group structure

Mitchell'S Auction Company Limited has 5 subsidiary companies.

Ultimate parent company

MITCHELL'S AUCTION COMPANY LIMITED

00007796

5 subsidiaries

CUMBRIAN LIVESTOCK LIMITED

08713960

LAKE DISTRICT LIVESTOCK LIMITED

08714298

CUMBERLAND LIVESTOCK LIMITED

08713999

VEEVA LIMITED

07610989

CUMBRIA LIVESTOCK LIMITED

08718072

MITCHELL'S AUCTION COMPANY LIMITED Shareholders

mr s. revell	5.87%
mrs c.j. gate	3.67%
mr b. burrough	2.78%
mrs d.m. robinson	2%
mr t.w. lowrey	1.81%
mrs dorothy e. bowe	1.33%
mr r. watson	1.31%
mr j.a. bowe	1.27%
mrs c.j. brockbank	1.22%
mr j.r. gate	1.22%

Mitchell'S Auction Company Limited currently has 6 directors. The longest serving directors include Mr Derwent Wise (Jul 1998) and Mr Andrew Nicholson (Sep 2008).

officer	country	age	start	end	role
Mr Derwent Wise		63 years	Jul 1998	-	Director
Mr Andrew Nicholson		53 years	Sep 2008	-	Director
Mrs Ann Cummings		65 years	Feb 2011	-	Director
Mr Kenneth Williamson		65 years	Dec 2016	-	Director
Mr Stephen Revell	England	68 years	May 2019	-	Director
Mrs Rachael Millard		49 years	Nov 2022	-	Director

P&L

December 2023

turnover

3.1m

+4%

operating profit

-52.8k

+52%

gross margin

45%

+3.42%

turnover

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

Balance Sheet

December 2023

net assets

4.5m

-0.01%

total assets

5.7m

cash

+0.51%

net assets

Total assets minus all liabilities

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company number

00007796

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

November 1873

ultimate parent company

None

previous names

N/A

address

lakeland livestock centre, lakeland agricultural centre, cockermouth, cumbria, CA13 0QQ

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 mitchell's auction company limited. Currently there are 5 open charges and 0 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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mitchell's auction company limited Company Information

mitchell's auction company limited Estimated Valuation

mitchell's auction company limited Estimated Valuation

mitchell's auction company limited Estimated Valuation

Mitchell's Auction Company Limited Overview

Mitchell's Auction Company Limited Health Check

MITCHELL'S AUCTION COMPANY LIMITED financials

mitchell's auction company limited Credit Report and Business Information

Mitchell's Auction Company Limited Competitor Analysis

mitchell's auction company limited Ownership

mitchell's auction company limited directors

mitchell's auction company limited company details

mitchell's auction company limited Charges & Mortgages

mitchell's auction company limited Capital Raised & Share Issues BETA

mitchell's auction company limited Companies House Filings - See Documents