minit operational board limited

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minit operational board limited Company Information

Share MINIT OPERATIONAL BOARD LIMITED

Company Number

00342525

Shareholders

minit holding bv

Group Structure

View All

Industry

Activities of head offices

 

Registered Address

bank building smithson plaza, 23-26 st. james's street, london, SW1A 1HA

Website

-

minit operational board limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MINIT OPERATIONAL BOARD LIMITED at £0 based on a Turnover of £0 and 0.49x industry multiple (adjusted for size and gross margin).

minit operational board limited Estimated Valuation

£438.3k

Pomanda estimates the enterprise value of MINIT OPERATIONAL BOARD LIMITED at £438.3k based on an EBITDA of £112.6k and a 3.89x industry multiple (adjusted for size and gross margin).

minit operational board limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of MINIT OPERATIONAL BOARD LIMITED at £2.6m based on Net Assets of £1.2m and 2.11x industry multiple (adjusted for liquidity).

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Minit Operational Board Limited Overview

Minit Operational Board Limited is a live company located in london, SW1A 1HA with a Companies House number of 00342525. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 1938, it's largest shareholder is minit holding bv with a 100% stake. Minit Operational Board Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Minit Operational Board Limited Health Check

Pomanda's financial health check has awarded Minit Operational Board Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

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growth

Growth

There is insufficient data available for this Key Performance Indicator!

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production

Production

There is insufficient data available for this Key Performance Indicator!

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profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

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employees

Employees

with 7 employees, this is below the industry average (114)

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- - Industry AVG

paystructure

Pay Structure

on an average salary of £195.9k, the company has a higher pay structure (£48.7k)

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efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

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debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

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creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

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stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

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cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)

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debtlevel

Debt Level

it has a ratio of liabilities to total assets of 44%, this is a lower level of debt than the average (54.8%)

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- - Industry AVG

MINIT OPERATIONAL BOARD LIMITED financials

EXPORTms excel logo

Minit Operational Board Limited's latest turnover from March 2024 is 0 and the company has net assets of £1.2 million. According to their latest financial statements, Minit Operational Board Limited has 7 employees and maintains cash reserves of £48 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,983,5462,015,057
Other Income Or Grants
Cost Of Sales1,376,8781,394,870
Gross Profit606,668620,187
Admin Expenses-26,500-184,693-265,102-913,769-934,172-595,026-584,781-257,837-1,019,050-1,360,817398,843-864,988-674,788376,905431,638
Operating Profit26,500184,693265,102913,769934,172595,026584,781257,8371,019,0501,360,817-398,843864,988674,788229,763188,549
Interest Payable898,865708,089550,315511,167604,112602,280629,110721,000700,000800,000848,000945,420876,444882,0441,442,834
Interest Receivable887,000681,000504,000466,980524,384518,000533,700578,045500,050700,073746,086622,232885,847748,546565,043
Pre-Tax Profit14,635157,604218,787869,582854,444510,746512,715416,841872,6531,122,213-494,121654,623684,191665,555-118,399
Tax-14,684-50,53019,095-176,293-64,904-101,311-204,690-93,93478,934139,000304,601
Profit After Tax-49107,074237,882693,289789,540409,435308,025322,907951,5871,261,213-494,121654,623684,191665,555186,202
Dividends Paid
Retained Profit-49107,074237,882693,289789,540409,435308,025322,907951,5871,261,213-494,121654,623684,191665,555186,202
Employee Costs1,371,4101,566,7401,241,537878,375696,226782,177884,737829,466804,520708,290754,295823,929824,943828,748835,472
Number Of Employees777778888888889
EBITDA*112,624250,976288,2191,041,5241,077,371617,933607,221278,5261,072,8391,406,753-355,464908,367707,323263,562289,782

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets64,87592,742124,57819,666140,95437,72957,19959,02558,57259,34097,605140,984184,363609,454
Intangible Assets609,008483,775
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets673,883576,517124,57819,666140,95437,72957,19959,02558,57259,34097,605140,984184,363609,454
Stock & work in progress
Trade Debtors1,038,9951,081,274
Group Debtors1,167,5201,238,7161,196,4501,158,8771,032,718803,2001,151,238888,987876,191628,583463,379470,069412,869
Misc Debtors315,680321,031394,984676,456986,3111,060,511212,653189,333152,717202,102309,258214,602278,105462,037506,710
Cash47,97126,73245,87412,71576,79636,84577,52766,676140,04529,79858,939780,169884,762963,2151,464,392
misc current assets787,653990,8231,133,414139,000
total current assets1,531,1711,586,4791,637,3081,848,0482,095,8251,900,5562,116,8282,328,1062,577,4141,259,8871,244,3881,623,3541,626,2461,895,3212,383,971
total assets2,205,0542,162,9961,761,8861,867,7142,236,7791,938,2852,174,0272,387,1312,635,9861,319,2271,341,9931,764,3381,810,6091,895,3212,993,425
Bank overdraft
Bank loan
Trade Creditors 28,82656,593598,32653,795148,46737,090204,663130,038142,699131,65481,99828,54643,01639,500165,894
Group/Directors Accounts197,118276,5912,1095,9084,829158,394119,44224,0997,5628,7581,53911,17614,12118,739,696
other short term finances
hp & lease commitments63,20947,087100,396
other current liabilities551,323348,937210,851247,558183,916201,397252,623340,411269,501706,339170,671387,098422,572493,986
total current liabilities840,476729,208598,326266,755502,329225,835564,454502,103507,209408,717797,095200,756441,290476,19319,399,576
loans
hp & lease commitments130,435183,522
Accruals and Deferred Income
other liabilities16,07436,439
provisions1,998,0002,832,0703,727,400
total long term liabilities130,435199,59636,4391,998,0002,832,0703,727,4003,317,0003,894,0004,437,2006,786,0003,897,0005,683,1034,657,0003,697,0004,919,000
total liabilities970,911928,804634,7652,264,7553,334,3993,953,2353,881,4544,396,1034,944,4097,194,7174,694,0955,883,8595,098,2904,173,19324,318,576
net assets1,234,1431,234,1921,127,121-397,041-1,097,620-2,014,950-1,707,427-2,008,972-2,308,423-5,875,490-3,352,102-4,119,521-3,287,681-2,277,872-21,325,151
total shareholders funds1,234,1431,234,1921,127,121-397,041-1,097,620-2,014,950-1,707,427-2,008,972-2,308,423-5,875,490-3,352,102-4,119,521-3,287,681-2,277,872-21,325,151
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit26,500184,693265,102913,769934,172595,026584,781257,8371,019,0501,360,817-398,843864,988674,788229,763188,549
Depreciation72,31066,28323,117127,755143,19922,90722,44020,68953,78945,93643,37943,37932,53533,799101,233
Amortisation13,814
Tax-14,684-50,53019,095-176,293-64,904-101,311-204,690-93,93478,934139,000304,601
Stock
Debtors-76,547-31,687-243,899-183,696155,318612,063-18,959-33,348212,866-94,360342,264101,701-190,62212,527919,579
Creditors-27,767-541,733544,531-94,672111,377-167,57374,625-12,66111,04549,65653,452-14,4703,516-126,394165,894
Accruals and Deferred Income202,386348,937-210,851-36,70763,642-17,481-51,226-87,78870,910-436,838535,668-216,427-35,474-71,414493,986
Deferred Taxes & Provisions-1,998,000-834,070-895,3303,727,400
Cash flow from operations349,10639,337-1,113,10783,478136,8383,446,905444,889117,4911,020,8621,252,931-108,608575,769865,98753,227334,684
Investing Activities
capital expenditure-183,490-518,222-128,029-6,467-246,424-3,437-20,614-21,142-53,021-7,671-216,898575,655-710,687
Change in Investments
cash flow from investments-183,490-518,222-128,029-6,467-246,424-3,437-20,614-21,142-53,021-7,671-216,898575,655-710,687
Financing Activities
Bank loans
Group/Directors Accounts-79,473276,591-2,109-3,7991,079-153,56538,95295,34316,537-1,1967,219-9,637-2,945-18,725,57518,739,696
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-36,965230,609-100,396100,396
other long term liabilities-16,074-20,36536,439
share issue-31,286,2807,290127,790-716,958-6,480-23,4562,615,480-3,784,6011,261,540-1,486,463-1,694,00018,381,724-21,511,353
interest-11,865-27,089-46,315-44,187-79,728-84,280-95,410-142,955-199,950-99,927-101,914-323,1889,403-133,498-877,791
cash flow from financing-144,377459,7431,274,295-141,092149,537-954,803-62,938-71,0682,432,067-3,885,7241,166,845-1,819,288-1,687,542-477,349-3,649,448
cash and cash equivalents
cash21,239-19,14233,159-64,08139,951-40,68210,851-73,369110,247-29,141-721,230-104,593-78,453-501,1771,464,392
overdraft
change in cash21,239-19,14233,159-64,08139,951-40,68210,851-73,369110,247-29,141-721,230-104,593-78,453-501,1771,464,392

minit operational board limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Minit Operational Board Limited Competitor Analysis

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Perform a competitor analysis for minit operational board limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mature companies, companies in SW1A area or any other competitors across 12 key performance metrics.

minit operational board limited Ownership

MINIT OPERATIONAL BOARD LIMITED group structure

Minit Operational Board Limited has no subsidiary companies.

Ultimate parent company

MINIT SA

#0059646

MINIT HOLDING BV

#0005201

2 parents

MINIT OPERATIONAL BOARD LIMITED

00342525

MINIT OPERATIONAL BOARD LIMITED Shareholders

minit holding bv 100%

minit operational board limited directors

Minit Operational Board Limited currently has 2 directors. The longest serving directors include Mr John Edwards (Dec 2016) and Mr Phillip Plaatjes (Mar 2020).

officercountryagestartendrole
Mr John EdwardsUnited Kingdom63 years Dec 2016- Director
Mr Phillip PlaatjesUnited Kingdom48 years Mar 2020- Director

P&L

March 2024

turnover

0

0%

operating profit

26.5k

-86%

gross margin

0%

0%

turnover

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

Balance Sheet

March 2024

net assets

1.2m

0%

total assets

2.2m

+0.02%

cash

48k

+0.79%

net assets

Total assets minus all liabilities

minit operational board limited company details

company number

00342525

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

July 1938

age

87

incorporated

UK

ultimate parent company

MINIT SA

accounts

Full Accounts

last accounts submitted

March 2024

previous names

minit cfg ltd (September 2002)

cleartrade 2000 ltd. (July 2001)

accountant

-

auditor

FORVIS MAZARS LLP

address

bank building smithson plaza, 23-26 st. james's street, london, SW1A 1HA

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

BERWIN LEIGHTON PAISNER LLP

minit operational board limited Charges & Mortgages

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 minit operational board limited. Currently there are 0 open charges and 5 have been satisfied in the past.

minit operational board limited Capital Raised & Share Issues BETA

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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minit operational board limited Companies House Filings - See Documents

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