Mills Limited

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mills limited Company Information

Live

MatureLargeRapid

Company Number

00282704

Website

www.millsltd.com

Registered Address

unit 2, zodiac business park, high road, uxbridge, UB8 2GU

Industry

Wholesale of computers, computer peripheral equipment and software

Wholesale of electronic and telecommunications equipment and parts

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Telephone

02088332626

Next Accounts Due

September 2025

Group Structure

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Directors

Jeremy Mills33 Years

Suzanne Mills19 Years

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Shareholders

j.p. mills 55%

elliot j. mills 15%

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mills limited Estimated Valuation

£62.6m

Pomanda estimates the enterprise value of MILLS LIMITED at £62.6m based on an EBITDA of £7.7m and a 8.12x industry multiple (adjusted for size and gross margin).

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Mills Limited is a live company located in uxbridge, UB8 2GU with a Companies House number of 00282704. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in December 1933, it's largest shareholder is j.p. mills with a 55% stake. Mills Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mills Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

2 Weak

Size

annual sales of £41.4m, make it larger than the average company (£16.2m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (6.9%)

EXPORT

Mills Limited's latest turnover from December 2023 is £41.4 million and the company has net assets of £13.1 million. According to their latest financial statements, Mills Limited has 57 employees and maintains cash reserves of £5.1 million 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	41,353,989	49,172,320	27,553,387	18,665,881	11,643,122	11,690,666	10,648,149	16,272,300	9,072,184	10,800,730	8,733,299	6,257,206	5,962,307	4,863,374	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	27,744,826	35,277,084	20,157,381	13,639,363	8,375,407	8,545,884	7,788,140	11,915,185	6,669,600	7,949,796	6,503,096	4,566,584	4,368,229	3,604,186	0
Gross Profit	13,609,163	13,895,236	7,396,006	5,026,518	3,267,715	3,144,782	2,860,009	4,357,115	2,402,584	2,850,934	2,230,203	1,690,622	1,594,078	1,259,189	0
Admin Expenses	6,220,521	6,576,885	4,565,088	3,500,098	3,096,807	2,830,649	2,649,989	4,138,465	2,351,217	2,842,458	2,128,626	1,523,941	1,433,336	1,212,437	-550,296
Operating Profit	7,388,642	7,318,351	2,830,918	1,526,420	170,908	314,133	210,020	218,650	51,367	8,476	101,577	166,681	160,742	46,752	550,296
Interest Payable	16,796	19,316	26,532	27,737	28,523	37,315	73,717	67,817	25,935	0	16,792	33,566	30,846	28,190	14,117
Interest Receivable	106,847	8,483	1,038	765	799	1,280	782	230	428	417	466	369	300	257	93
Pre-Tax Profit	7,478,693	7,307,518	2,805,424	1,499,448	143,184	278,098	137,085	151,063	25,860	8,892	85,251	133,484	130,196	18,819	536,272
Tax	-1,808,355	-1,375,471	-545,206	-285,267	-27,205	-52,839	-26,046	-30,212	-5,172	-1,867	-19,608	-32,036	-33,851	-5,269	-150,156
Profit After Tax	5,670,338	5,932,047	2,260,218	1,214,181	115,979	225,259	111,039	120,850	20,688	7,025	65,643	101,448	96,345	13,550	386,116
Dividends Paid	1,430,000	1,035,000	410,000	422,500	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,240,338	4,897,047	1,850,218	791,681	115,979	225,259	111,039	120,850	20,688	7,025	65,643	101,448	96,345	13,550	386,116
Employee Costs	3,572,698	4,501,706	3,110,520	2,098,255	2,026,282	2,106,680	1,918,346	1,622,807	1,538,331	1,565,921	1,261,616	896,091	839,088	687,820	0
Number Of Employees	57	51	38	38	38	39	37	32	32	33	28	20	19	16	0
EBITDA*	7,704,880	7,607,426	3,074,496	1,739,142	339,988	475,375	355,075	331,863	167,755	107,968	164,790	223,622	200,306	98,149	601,487

* 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	850,507	831,432	715,248	732,458	680,665	237,615	271,617	259,071	283,440	329,950	280,912	164,955	174,716	94,093	109,179
Intangible Assets	0	0	0	0	8,833	44,167	79,500	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	262,943	262,943	101,699	0	101,699	15,890	15,890	23,490	15,890	15,899	15,899	15,899	15,899	15,899	0
Total Fixed Assets	1,113,450	1,094,375	816,947	732,458	791,197	297,672	367,007	282,561	299,330	345,849	296,811	180,854	190,615	109,992	109,179
Stock & work in progress	8,004,530	7,459,280	3,802,655	2,046,683	1,355,995	1,204,105	1,259,231	1,215,473	1,170,431	1,108,172	1,040,454	1,115,676	853,384	683,286	461,425
Trade Debtors	3,535,539	5,985,295	4,266,895	3,090,343	1,969,656	1,874,686	1,820,803	3,275,156	1,284,010	1,705,340	1,306,403	1,244,180	1,299,151	1,063,320	1,102,415
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	547,789	561,729	379,630	240,249	132,286	116,963	136,770	223,384	141,098	0	0	0	0	0	0
Cash	5,105,570	1,713,644	981,020	1,217,293	98,748	114,423	226,777	86,211	97,743	73,390	93,373	93,131	54,521	65,417	37,263
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,193,428	15,719,948	9,430,200	6,594,568	3,556,685	3,310,177	3,443,581	4,800,224	2,693,282	2,886,902	2,440,230	2,452,987	2,207,056	1,812,023	1,601,103
total assets	18,306,878	16,814,323	10,247,147	7,327,026	4,347,882	3,607,849	3,810,588	5,082,785	2,992,612	3,232,751	2,737,041	2,633,841	2,397,671	1,922,015	1,710,282
Bank overdraft	0	0	0	250,000	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	516,685	516,109	433,007	434,364
Trade Creditors	2,191,327	4,260,784	1,886,245	2,194,680	962,195	1,100,352	787,243	1,934,393	823,340	1,388,439	1,069,458	8,028	564	20,000	5,077
Group/Directors Accounts	0	0	0	136	136	53,483	815	25,993	36,194	0	0	0	0	0	0
other short term finances	0	0	0	0	635,591	209,548	821,093	1,272,137	698,007	0	0	0	0	0	0
hp & lease commitments	66,009	99,253	134,733	141,960	110,604	48,689	33,554	18,684	53,798	70,874	54,806	18,200	30,510	33,432	26,442
other current liabilities	2,801,639	3,420,055	4,016,185	2,317,592	973,798	954,963	1,023,913	800,654	480,567	832,002	681,617	1,310,324	1,172,013	866,938	775,600
total current liabilities	5,058,975	7,780,092	6,037,163	4,904,368	2,682,324	2,367,035	2,666,618	4,051,861	2,091,906	2,291,315	1,805,881	1,853,237	1,719,196	1,353,377	1,241,483
loans	0	0	0	0	0	0	75,000	100,000	100,000	0	0	0	0	0	0
hp & lease commitments	1,805	67,212	141,550	229,042	268,570	3,186	10,454	9,509	13,811	54,420	73,359	19,763	19,656	115,099	28,714
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	16,750	0	44,375	0	10,764	125,000	109,028	100,000	100,000	0	0
provisions	152,872	114,131	112,593	87,993	67,567	37,586	45,212	37,976	35,316	41,889	35,671	13,382	12,808	3,873	3,969
total long term liabilities	154,677	181,343	254,143	317,035	352,887	40,772	175,041	147,485	159,891	221,309	218,058	133,145	132,464	118,972	32,683
total liabilities	5,213,652	7,961,435	6,291,306	5,221,403	3,035,211	2,407,807	2,841,659	4,199,346	2,251,797	2,512,624	2,023,939	1,986,382	1,851,660	1,472,349	1,274,166
net assets	13,093,226	8,852,888	3,955,841	2,105,623	1,312,671	1,200,042	968,929	883,439	740,815	720,127	713,102	647,459	546,011	449,666	436,116
total shareholders funds	13,093,226	8,852,888	3,955,841	2,105,623	1,312,671	1,200,042	968,929	883,439	740,815	720,127	713,102	647,459	546,011	449,666	436,116

	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	7,388,642	7,318,351	2,830,918	1,526,420	170,908	314,133	210,020	218,650	51,367	8,476	101,577	166,681	160,742	46,752	550,296
Depreciation	316,238	289,075	243,578	203,889	133,746	125,909	118,555	113,213	116,388	99,492	63,213	56,941	39,564	51,397	51,191
Amortisation	0	0	0	8,833	35,334	35,333	26,500	0	0	0	0	0	0	0	0
Tax	-1,808,355	-1,375,471	-545,206	-285,267	-27,205	-52,839	-26,046	-30,212	-5,172	-1,867	-19,608	-32,036	-33,851	-5,269	-150,156
Stock	545,250	3,656,625	1,755,972	690,688	151,890	-55,126	43,758	45,042	62,259	67,718	-75,222	262,292	170,098	221,861	461,425
Debtors	-2,463,696	2,061,743	1,417,632	1,126,951	196,102	34,076	-1,548,567	2,081,032	-280,241	398,937	62,223	-54,971	235,831	-23,196	1,102,415
Creditors	-2,069,457	2,374,539	-308,435	1,232,485	-138,157	313,109	-1,147,150	1,111,053	-565,099	318,981	1,061,430	7,464	-19,436	14,923	5,077
Accruals and Deferred Income	-618,416	-596,130	1,698,593	1,343,794	18,835	-68,950	223,259	320,087	-351,435	150,385	-628,707	138,311	305,075	91,338	775,600
Deferred Taxes & Provisions	38,741	1,538	24,600	20,426	29,981	-7,626	7,236	2,660	-6,573	6,218	22,289	574	8,935	-96	3,969
Cash flow from operations	5,165,839	2,293,534	770,444	2,232,941	-124,550	680,119	917,183	-390,623	-542,542	115,030	613,193	130,614	55,100	380	-327,863
Investing Activities
capital expenditure	0	0	0	0	-576,796	-91,907	-237,101	-88,844	-69,878	-148,530	-179,170	-47,180	-120,187	-36,311	-160,370
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-576,796	-91,907	-237,101	-88,844	-69,878	-148,530	-179,170	-47,180	-120,187	-36,311	-160,370
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	-516,685	576	83,102	-1,357	434,364
Group/Directors Accounts	0	0	-136	0	-53,347	52,668	-25,178	-10,201	36,194	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-635,591	426,043	-611,545	-451,044	574,130	698,007	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-75,000	-25,000	0	100,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-98,651	-109,818	-94,719	-8,172	327,299	7,867	15,815	-39,416	-57,685	-2,871	90,202	-12,203	-98,365	93,375	55,156
other long term liabilities	0	0	0	-16,750	16,750	-44,375	44,375	-10,764	-114,236	15,972	9,028	0	100,000	0	0
share issue	0	0	0	1,271	-3,350	5,854	-25,549	21,774	0	0	0	0	0	0	50,000
interest	90,051	-10,833	-25,494	-26,972	-27,724	-36,035	-72,935	-67,587	-25,507	417	-16,326	-33,197	-30,546	-27,933	-14,024
cash flow from financing	-8,600	-120,651	-120,349	-686,214	685,671	-700,566	-539,516	467,936	636,773	13,518	-433,781	-44,824	54,191	64,085	525,496
cash and cash equivalents
cash	3,391,926	732,624	-236,273	1,118,545	-15,675	-112,354	140,566	-11,532	24,353	-19,983	242	38,610	-10,896	28,154	37,263
overdraft	0	0	-250,000	250,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,391,926	732,624	13,727	868,545	-15,675	-112,354	140,566	-11,532	24,353	-19,983	242	38,610	-10,896	28,154	37,263

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 mills limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in UB8 area or any other competitors across 12 key performance metrics.

MILLS LIMITED group structure

Mills Limited has no subsidiary companies.

Ultimate parent company

MILLS LIMITED

00282704

MILLS LIMITED Shareholders

j.p. mills	55%
elliot j. mills	15%
natalie j. mills	15%
suzanne eliza mary mills	15%

Mills Limited currently has 5 directors. The longest serving directors include Mr Jeremy Mills (Aug 1991) and Ms Suzanne Mills (Apr 2005).

officer	country	age	start	end	role
Mr Jeremy Mills		65 years	Aug 1991	-	Director
Ms Suzanne Mills	England	70 years	Apr 2005	-	Director
Mr Andrew Rickard	England	45 years	Nov 2013	-	Director
Mr Stephen Cook	United Kingdom	56 years	Nov 2013	-	Director
Mr Elliot Mills	England	33 years	Jan 2019	-	Director

P&L

December 2023

turnover

41.4m

-16%

operating profit

7.4m

+1%

gross margin

33%

+16.46%

turnover

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

Balance Sheet

December 2023

net assets

13.1m

+0.48%

total assets

18.3m

+0.09%

cash

5.1m

+1.98%

net assets

Total assets minus all liabilities

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company number

00282704

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

46510 - Wholesale of computers, computer peripheral equipment and software

46520 - Wholesale of electronic and telecommunications equipment and parts

incorporation date

December 1933

ultimate parent company

None

previous names

a.mills(acton)limited (June 1991)

address

unit 2, zodiac business park, high road, uxbridge, UB8 2GU

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 8 charges/mortgages relating to mills limited. Currently there are 0 open charges and 8 have been satisfied in the past.

mills limited Company Information

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mills limited Estimated Valuation

mills limited Estimated Valuation

Mills Limited Overview

Mills Limited Health Check

MILLS LIMITED financials

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