mullenlowe london limited
mullenlowe london limited Company Information
Company Number
00680779
Next Accounts
Sep 2025
Shareholders
mullenlowe group limited
Group Structure
View All
Industry
Advertising agencies
Registered Address
c-space 37-45 city road, london, EC1Y 1AT
Website
www.mullenlowegroup.commullenlowe london limited Estimated Valuation
Pomanda estimates the enterprise value of MULLENLOWE LONDON LIMITED at £86.3m based on a Turnover of £75.1m and 1.15x industry multiple (adjusted for size and gross margin).
mullenlowe london limited Estimated Valuation
Pomanda estimates the enterprise value of MULLENLOWE LONDON LIMITED at £0 based on an EBITDA of £-1.4m and a 7.48x industry multiple (adjusted for size and gross margin).
mullenlowe london limited Estimated Valuation
Pomanda estimates the enterprise value of MULLENLOWE LONDON LIMITED at £12.1m based on Net Assets of £6.9m and 1.76x industry multiple (adjusted for liquidity).
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Mullenlowe London Limited Overview
Mullenlowe London Limited is a live company located in london, EC1Y 1AT with a Companies House number of 00680779. It operates in the advertising agencies sector, SIC Code 73110. Founded in January 1961, it's largest shareholder is mullenlowe group limited with a 100% stake. Mullenlowe London Limited is a mature, large sized company, Pomanda has estimated its turnover at £75.1m with low growth in recent years.
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Mullenlowe London Limited Health Check
Pomanda's financial health check has awarded Mullenlowe London Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £75.1m, make it larger than the average company (£10m)
£75.1m - Mullenlowe London Limited
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.5%)
3% - Mullenlowe London Limited
6.5% - Industry AVG
Production
with a gross margin of 53.4%, this company has a lower cost of product (43.5%)
53.4% - Mullenlowe London Limited
43.5% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (5.2%)
-7% - Mullenlowe London Limited
5.2% - Industry AVG
Employees
with 281 employees, this is above the industry average (44)
281 - Mullenlowe London Limited
44 - Industry AVG
Pay Structure
on an average salary of £94.5k, the company has a higher pay structure (£66k)
£94.5k - Mullenlowe London Limited
£66k - Industry AVG
Efficiency
resulting in sales per employee of £267.2k, this is more efficient (£186.4k)
£267.2k - Mullenlowe London Limited
£186.4k - Industry AVG
Debtor Days
it gets paid by customers after 144 days, this is later than average (59 days)
144 days - Mullenlowe London Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 141 days, this is slower than average (43 days)
141 days - Mullenlowe London Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 68 days, this is more than average (18 days)
68 days - Mullenlowe London Limited
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (14 weeks)
16 weeks - Mullenlowe London Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.4%, this is a higher level of debt than the average (68.2%)
91.4% - Mullenlowe London Limited
68.2% - Industry AVG
MULLENLOWE LONDON LIMITED financials
Mullenlowe London Limited's latest turnover from December 2023 is £75.1 million and the company has net assets of £6.9 million. According to their latest financial statements, Mullenlowe London Limited has 281 employees and maintains cash reserves of £22.8 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 | 75,079,000 | 91,128,000 | 72,751,000 | 68,825,000 | 58,826,000 | 68,579,000 | 49,397,000 | 63,064,000 | 93,593,000 | 84,986,000 | 71,698,000 | 53,791,000 | 67,081,000 | 44,308,000 | 27,354,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 34,977,000 | 54,666,000 | 34,559,000 | 28,775,000 | 26,221,000 | 37,001,000 | 33,412,000 | 42,658,000 | 64,702,000 | 59,216,000 | 47,855,000 | 25,552,000 | 39,934,000 | 24,972,000 | 15,603,000 |
| Gross Profit | 40,102,000 | 36,462,000 | 38,192,000 | 40,050,000 | 32,605,000 | 31,578,000 | 15,985,000 | 20,406,000 | 28,891,000 | 25,770,000 | 23,843,000 | 28,239,000 | 27,147,000 | 19,336,000 | 11,751,000 |
| Admin Expenses | 45,380,000 | 40,415,000 | 40,704,000 | 37,848,000 | 37,197,000 | 32,815,000 | 19,264,000 | 23,037,000 | 28,378,000 | 25,721,000 | 26,504,000 | 25,797,000 | 27,410,000 | 17,215,000 | 11,584,000 |
| Operating Profit | -5,278,000 | -3,953,000 | -2,512,000 | 2,202,000 | -4,592,000 | -1,237,000 | -3,279,000 | -2,631,000 | 513,000 | 49,000 | -2,661,000 | 2,442,000 | -263,000 | 2,121,000 | 167,000 |
| Interest Payable | 224,000 | 43,000 | 30,000 | 29,000 | 33,000 | 46,000 | 15,000 | 8,000 | 5,000 | 1,000 | 11,000 | 21,000 | 3,000 | 10,000 | |
| Interest Receivable | 1,211,000 | 77,000 | 23,000 | 45,000 | 55,000 | 71,000 | 20,000 | 26,000 | 40,000 | 30,000 | 336,000 | 26,000 | 14,000 | 763,000 | 22,000 |
| Pre-Tax Profit | -4,291,000 | -3,919,000 | -810,000 | 2,218,000 | -4,820,000 | -1,212,000 | -3,274,000 | -2,613,000 | 553,000 | 74,000 | -2,326,000 | 2,457,000 | -270,000 | 2,882,000 | 179,000 |
| Tax | 116,000 | -36,000 | 107,000 | 38,000 | -54,000 | -106,000 | -291,000 | 77,000 | -274,000 | 11,000 | 175,000 | -440,000 | 141,000 | 374,000 | -35,000 |
| Profit After Tax | -4,175,000 | -3,955,000 | -703,000 | 2,256,000 | -4,874,000 | -1,318,000 | -3,565,000 | -2,536,000 | 279,000 | 85,000 | -2,151,000 | 2,017,000 | -129,000 | 3,256,000 | 144,000 |
| Dividends Paid | 1,924,000 | 1,480,000 | 800,000 | ||||||||||||
| Retained Profit | -4,175,000 | -3,955,000 | -703,000 | 2,256,000 | -4,874,000 | -1,318,000 | -3,565,000 | -4,460,000 | -1,201,000 | 85,000 | -2,951,000 | 2,017,000 | -129,000 | 3,256,000 | 144,000 |
| Employee Costs | 26,554,000 | 25,883,000 | 26,732,000 | 23,340,000 | 22,198,000 | 18,687,000 | 11,693,000 | 15,411,000 | 16,906,000 | 14,969,000 | 15,969,000 | 15,721,000 | 18,038,000 | 10,579,000 | 8,086,000 |
| Number Of Employees | 281 | 302 | 322 | 288 | 263 | 237 | 128 | 160 | 180 | 167 | 169 | 193 | 192 | 230 | 68 |
| EBITDA* | -1,397,000 | -67,000 | 1,293,000 | 5,903,000 | -941,000 | 2,236,000 | -862,000 | -194,000 | 2,696,000 | 2,366,000 | -333,000 | 4,728,000 | 1,928,000 | 3,466,000 | 216,000 |
* 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 | 1,744,000 | 2,049,000 | 2,502,000 | 2,820,000 | 2,850,000 | 2,958,000 | 3,235,000 | 3,591,000 | 4,121,000 | 485,000 | 21,261,000 | 1,140,000 | 1,385,000 | 1,282,000 | 574,000 |
| Intangible Assets | 7,641,000 | 10,665,000 | 13,689,000 | 16,713,000 | 19,737,000 | 22,752,000 | 13,866,000 | 15,715,000 | 17,564,000 | 19,413,000 | 796,000 | 23,110,000 | 24,959,000 | 26,808,000 | |
| Investments & Other | 1,000 | 938,000 | 938,000 | 938,000 | 7,739,000 | 42,000 | |||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 9,386,000 | 12,714,000 | 16,191,000 | 20,471,000 | 23,525,000 | 26,648,000 | 24,840,000 | 19,306,000 | 21,685,000 | 19,898,000 | 22,057,000 | 24,250,000 | 26,344,000 | 28,132,000 | 574,000 |
| Stock & work in progress | 6,588,000 | 7,439,000 | 5,417,000 | 625,000 | 578,000 | 571,000 | 98,000 | 248,000 | 244,000 | 253,000 | 916,000 | 919,000 | 362,000 | 505,000 | 452,000 |
| Trade Debtors | 29,663,000 | 39,946,000 | 17,721,000 | 9,531,000 | 6,430,000 | 7,186,000 | 1,451,000 | 4,345,000 | 8,004,000 | 9,701,000 | 8,439,000 | 8,487,000 | 5,121,000 | 5,677,000 | 2,162,000 |
| Group Debtors | 7,748,000 | 6,504,000 | 4,835,000 | 3,286,000 | 4,611,000 | 4,727,000 | 4,465,000 | 6,760,000 | 9,367,000 | 7,921,000 | 5,642,000 | 7,038,000 | 7,192,000 | 4,306,000 | 4,791,000 |
| Misc Debtors | 4,054,000 | 2,769,000 | 6,693,000 | 7,309,000 | 5,259,000 | 5,923,000 | 5,544,000 | 4,854,000 | 2,458,000 | 2,894,000 | 3,722,000 | 1,450,000 | 3,111,000 | 1,999,000 | 369,000 |
| Cash | 22,837,000 | 12,916,000 | 8,434,000 | 10,801,000 | 8,550,000 | 10,004,000 | 1,831,000 | 6,427,000 | 5,564,000 | 6,842,000 | 7,387,000 | 7,138,000 | 7,023,000 | 8,539,000 | 2,648,000 |
| misc current assets | |||||||||||||||
| total current assets | 70,890,000 | 69,574,000 | 43,100,000 | 31,552,000 | 25,428,000 | 28,411,000 | 13,389,000 | 22,634,000 | 25,637,000 | 27,611,000 | 26,106,000 | 25,032,000 | 22,809,000 | 21,026,000 | 10,422,000 |
| total assets | 80,276,000 | 82,288,000 | 59,291,000 | 52,023,000 | 48,953,000 | 55,059,000 | 38,229,000 | 41,940,000 | 47,322,000 | 47,509,000 | 48,163,000 | 49,282,000 | 49,153,000 | 49,158,000 | 10,996,000 |
| Bank overdraft | 4,326,000 | 618,000 | 935,000 | 179,000 | 55,000 | 38,000 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 13,580,000 | 25,870,000 | 17,050,000 | 10,930,000 | 5,633,000 | 1,478,000 | 1,206,000 | 867,000 | 1,300,000 | 1,958,000 | 837,000 | 1,195,000 | 1,410,000 | 5,099,000 | 593,000 |
| Group/Directors Accounts | 32,182,000 | 29,312,000 | 13,482,000 | 12,261,000 | 12,914,000 | 14,566,000 | 2,241,000 | 3,856,000 | 3,280,000 | 3,659,000 | 3,205,000 | 3,132,000 | 2,261,000 | 1,479,000 | 1,310,000 |
| other short term finances | 4,504,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 21,516,000 | 13,686,000 | 11,418,000 | 10,379,000 | 11,277,000 | 12,942,000 | 7,035,000 | 9,634,000 | 12,902,000 | 11,231,000 | 11,458,000 | 8,983,000 | 10,841,000 | 9,430,000 | 7,645,000 |
| total current liabilities | 71,604,000 | 68,868,000 | 41,950,000 | 33,570,000 | 34,328,000 | 28,986,000 | 10,482,000 | 14,357,000 | 17,482,000 | 17,466,000 | 16,435,000 | 13,489,000 | 14,567,000 | 16,008,000 | 9,586,000 |
| loans | 4,378,000 | 4,307,000 | |||||||||||||
| hp & lease commitments | 1,939,000 | 381,000 | 2,560,000 | 2,941,000 | 2,933,000 | 714,000 | 335,000 | ||||||||
| Accruals and Deferred Income | 660,000 | 1,039,000 | 1,304,000 | ||||||||||||
| other liabilities | 90,000 | 517,000 | 249,000 | 53,000 | 67,000 | 90,000 | 4,000 | 29,000 | 12,000 | 1,978,000 | 2,616,000 | 2,535,000 | 2,103,000 | 526,000 | |
| provisions | 1,038,000 | 805,000 | 774,000 | 744,000 | 716,000 | 710,000 | 842,000 | 1,403,000 | 1,436,000 | 829,000 | 956,000 | 1,432,000 | 2,339,000 | 2,652,000 | 4,375,000 |
| total long term liabilities | 1,788,000 | 2,361,000 | 2,327,000 | 2,736,000 | 1,164,000 | 7,738,000 | 8,094,000 | 4,365,000 | 2,162,000 | 1,164,000 | 2,934,000 | 4,048,000 | 4,874,000 | 4,755,000 | 4,901,000 |
| total liabilities | 73,392,000 | 71,229,000 | 44,277,000 | 36,306,000 | 35,492,000 | 36,724,000 | 18,576,000 | 18,722,000 | 19,644,000 | 18,630,000 | 19,369,000 | 17,537,000 | 19,441,000 | 20,763,000 | 14,487,000 |
| net assets | 6,884,000 | 11,059,000 | 15,014,000 | 15,717,000 | 13,461,000 | 18,335,000 | 19,653,000 | 23,218,000 | 27,678,000 | 28,879,000 | 28,794,000 | 31,745,000 | 29,712,000 | 28,395,000 | -3,491,000 |
| total shareholders funds | 6,884,000 | 11,059,000 | 15,014,000 | 15,717,000 | 13,461,000 | 18,335,000 | 19,653,000 | 23,218,000 | 27,678,000 | 28,879,000 | 28,794,000 | 31,745,000 | 29,712,000 | 28,395,000 | -3,491,000 |
| 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 | -5,278,000 | -3,953,000 | -2,512,000 | 2,202,000 | -4,592,000 | -1,237,000 | -3,279,000 | -2,631,000 | 513,000 | 49,000 | -2,661,000 | 2,442,000 | -263,000 | 2,121,000 | 167,000 |
| Depreciation | 857,000 | 862,000 | 781,000 | 677,000 | 636,000 | 607,000 | 568,000 | 588,000 | 334,000 | 468,000 | 479,000 | 437,000 | 342,000 | 195,000 | 49,000 |
| Amortisation | 3,024,000 | 3,024,000 | 3,024,000 | 3,024,000 | 3,015,000 | 2,866,000 | 1,849,000 | 1,849,000 | 1,849,000 | 1,849,000 | 1,849,000 | 1,849,000 | 1,849,000 | 1,150,000 | |
| Tax | 116,000 | -36,000 | 107,000 | 38,000 | -54,000 | -106,000 | -291,000 | 77,000 | -274,000 | 11,000 | 175,000 | -440,000 | 141,000 | 374,000 | -35,000 |
| Stock | -851,000 | 2,022,000 | 4,792,000 | 47,000 | 7,000 | 473,000 | -150,000 | 4,000 | -9,000 | -663,000 | -3,000 | 557,000 | -143,000 | 53,000 | 452,000 |
| Debtors | -7,754,000 | 19,970,000 | 9,123,000 | 3,826,000 | -1,536,000 | 6,376,000 | -4,499,000 | -3,870,000 | -687,000 | 2,713,000 | 828,000 | 1,551,000 | 3,442,000 | 4,660,000 | 7,322,000 |
| Creditors | -12,290,000 | 8,820,000 | 6,120,000 | 5,297,000 | 4,155,000 | 272,000 | 339,000 | -433,000 | -658,000 | 1,121,000 | -358,000 | -215,000 | -3,689,000 | 4,506,000 | 593,000 |
| Accruals and Deferred Income | 7,451,000 | 2,003,000 | 2,343,000 | -898,000 | -1,665,000 | 5,907,000 | -2,599,000 | -3,268,000 | 1,671,000 | -227,000 | 2,475,000 | -1,858,000 | 1,411,000 | 1,785,000 | 7,645,000 |
| Deferred Taxes & Provisions | 233,000 | 31,000 | 30,000 | 28,000 | 6,000 | -132,000 | -561,000 | -33,000 | 607,000 | -127,000 | -476,000 | -907,000 | -313,000 | -1,723,000 | 4,375,000 |
| Cash flow from operations | 2,718,000 | -11,241,000 | -4,022,000 | 6,495,000 | 3,030,000 | 1,328,000 | 675,000 | 15,000 | 4,738,000 | 1,094,000 | 658,000 | -800,000 | -3,821,000 | 3,695,000 | 5,020,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,000 | -938,000 | -6,801,000 | 7,739,000 | -42,000 | 42,000 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 2,870,000 | 15,830,000 | 1,221,000 | -653,000 | -1,652,000 | 12,325,000 | -1,615,000 | 576,000 | -379,000 | 454,000 | 73,000 | 871,000 | 782,000 | 169,000 | 1,310,000 |
| Other Short Term Loans | -4,504,000 | 4,504,000 | |||||||||||||
| Long term loans | -4,378,000 | 71,000 | 4,307,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -1,939,000 | 1,558,000 | -2,179,000 | -381,000 | 8,000 | 2,219,000 | 379,000 | 335,000 | |||||||
| other long term liabilities | -427,000 | 268,000 | 196,000 | -14,000 | -23,000 | 86,000 | -25,000 | 17,000 | 12,000 | -1,978,000 | -638,000 | 81,000 | 432,000 | 1,577,000 | 526,000 |
| share issue | |||||||||||||||
| interest | 987,000 | 34,000 | -7,000 | 16,000 | 22,000 | 25,000 | 5,000 | 18,000 | 40,000 | 25,000 | 335,000 | 15,000 | -7,000 | 760,000 | 12,000 |
| cash flow from financing | 3,430,000 | 16,132,000 | -529,000 | -3,597,000 | -3,706,000 | 12,126,000 | 2,680,000 | 2,830,000 | 52,000 | -1,164,000 | -230,000 | 983,000 | 2,653,000 | 31,136,000 | -1,787,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 9,921,000 | 4,482,000 | -2,367,000 | 2,251,000 | -1,454,000 | 8,173,000 | -4,596,000 | 863,000 | -1,278,000 | -545,000 | 249,000 | 115,000 | -1,516,000 | 5,891,000 | 2,648,000 |
| overdraft | 4,326,000 | -618,000 | -317,000 | 756,000 | 124,000 | 55,000 | -38,000 | 38,000 | |||||||
| change in cash | 5,595,000 | 4,482,000 | -2,367,000 | 2,251,000 | -1,454,000 | 8,173,000 | -4,596,000 | 863,000 | -660,000 | -228,000 | -507,000 | -9,000 | -1,571,000 | 5,929,000 | 2,610,000 |
mullenlowe london limited Credit Report and Business Information
Mullenlowe London Limited Competitor Analysis
Perform a competitor analysis for mullenlowe london limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in EC1Y area or any other competitors across 12 key performance metrics.
mullenlowe london limited Ownership
MULLENLOWE LONDON LIMITED group structure
Mullenlowe London Limited has 4 subsidiary companies.
Ultimate parent company
THE INTERPUBLIC GROUP OF COMPANIES INC
#0001223
2 parents
MULLENLOWE LONDON LIMITED
00680779
4 subsidiaries
mullenlowe london limited directors
Mullenlowe London Limited currently has 3 directors. The longest serving directors include Mr Thomas Knox (Nov 2010) and Ms Alison Gosling (Apr 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Knox | England | 60 years | Nov 2010 | - | Director |
| Ms Alison Gosling | England | 53 years | Apr 2023 | - | Director |
| Ms Rachel Fullerton | England | 45 years | Sep 2023 | - | Director |
P&L
December 2023turnover
75.1m
-18%
operating profit
-5.3m
+34%
gross margin
53.5%
+33.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.9m
-0.38%
total assets
80.3m
-0.02%
cash
22.8m
+0.77%
net assets
Total assets minus all liabilities
mullenlowe london limited company details
company number
00680779
Type
Private limited with Share Capital
industry
73110 - Advertising agencies
incorporation date
January 1961
age
64
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
dlkw lowe limited (January 2016)
lowe & partners limited (August 2010)
See moreaccountant
-
auditor
-
address
c-space 37-45 city road, london, EC1Y 1AT
Bank
-
Legal Advisor
-
mullenlowe london 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 2 charges/mortgages relating to mullenlowe london limited. Currently there are 0 open charges and 2 have been satisfied in the past.
mullenlowe london 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.
Click to start generating capital raising & share issue transactions for MULLENLOWE LONDON LIMITED. This can take several minutes, an email will notify you when this has completed.
mullenlowe london limited Companies House Filings - See Documents
| date | description | view/download |
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