mitie cleaning & environmental services limited

mitie cleaning & environmental services limited Company Information

Share MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED
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MatureMegaLow

Company Number

00686377

Industry

General cleaning of buildings

 

Shareholders

mitie limited

Group Structure

View All

Contact

Registered Address

level 12 the shard, 32 london bridge street, london, england, SE1 9SG

mitie cleaning & environmental services limited Estimated Valuation

£196.8m

Pomanda estimates the enterprise value of MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED at £196.8m based on a Turnover of £405m and 0.49x industry multiple (adjusted for size and gross margin).

mitie cleaning & environmental services limited Estimated Valuation

£95.3m

Pomanda estimates the enterprise value of MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED at £95.3m based on an EBITDA of £21.6m and a 4.42x industry multiple (adjusted for size and gross margin).

mitie cleaning & environmental services limited Estimated Valuation

£105m

Pomanda estimates the enterprise value of MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED at £105m based on Net Assets of £42.6m and 2.47x industry multiple (adjusted for liquidity).

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Mitie Cleaning & Environmental Services Limited Overview

Mitie Cleaning & Environmental Services Limited is a live company located in london, SE1 9SG with a Companies House number of 00686377. It operates in the general cleaning of buildings sector, SIC Code 81210. Founded in March 1961, it's largest shareholder is mitie limited with a 100% stake. Mitie Cleaning & Environmental Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £405m with low growth in recent years.

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Mitie Cleaning & Environmental Services Limited Health Check

Pomanda's financial health check has awarded Mitie Cleaning & Environmental Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £405m, make it larger than the average company (£135.5k)

£405m - Mitie Cleaning & Environmental Services Limited

£135.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (9.5%)

4% - Mitie Cleaning & Environmental Services Limited

9.5% - Industry AVG

production

Production

with a gross margin of 10.9%, this company has a higher cost of product (24.8%)

10.9% - Mitie Cleaning & Environmental Services Limited

24.8% - Industry AVG

profitability

Profitability

an operating margin of 5% make it more profitable than the average company (3.9%)

5% - Mitie Cleaning & Environmental Services Limited

3.9% - Industry AVG

employees

Employees

with 12858 employees, this is above the industry average (10)

12858 - Mitie Cleaning & Environmental Services Limited

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.5k, the company has a higher pay structure (£12.9k)

£20.5k - Mitie Cleaning & Environmental Services Limited

£12.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £31.5k, this is more efficient (£22.6k)

£31.5k - Mitie Cleaning & Environmental Services Limited

£22.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (42 days)

16 days - Mitie Cleaning & Environmental Services Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (11 days)

9 days - Mitie Cleaning & Environmental Services Limited

11 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (1 days)

0 days - Mitie Cleaning & Environmental Services Limited

1 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)

0 weeks - Mitie Cleaning & Environmental Services Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.9%, this is a similar level of debt than the average (63.1%)

68.9% - Mitie Cleaning & Environmental Services Limited

63.1% - Industry AVG

MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED financials

EXPORTms excel logo

Mitie Cleaning & Environmental Services Limited's latest turnover from March 2024 is £405 million and the company has net assets of £42.6 million. According to their latest financial statements, Mitie Cleaning & Environmental Services Limited has 12,858 employees and maintains cash reserves of £1.7 million 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
Turnover405,000,000392,521,000380,327,000361,147,000350,970,000366,613,000347,075,000339,405,000327,689,000331,008,000323,904,000290,733,000285,573,000265,450,000219,630,000
Other Income Or Grants002,800,00011,201,00000000000000
Cost Of Sales360,940,000346,388,000337,111,000327,898,000316,449,000330,579,000309,456,000309,290,000293,824,000297,394,000283,321,000248,986,000242,080,000222,647,000183,401,000
Gross Profit44,060,00046,133,00046,016,00044,450,00034,521,00036,034,00037,619,00030,115,00033,865,00033,614,00040,583,00041,747,00043,493,00042,803,00036,229,000
Admin Expenses23,975,00027,201,00028,684,00032,651,00034,483,00032,133,00032,016,00037,830,00026,401,00027,923,00024,287,00026,817,00025,212,00023,878,00020,883,000
Operating Profit20,085,00018,932,00017,332,00011,799,00038,0003,901,0005,603,000-7,715,0007,464,0005,691,00016,296,00014,930,00018,281,00018,925,00015,346,000
Interest Payable7,0007,000102,000226,000145,0001,002,0001,125,0001,076,000636,000421,00095,0000040,0001,000
Interest Receivable4,218,0003,560,0002,001,000588,00089,000956,000617,000344,0000371,000844,000496,000277,000190,000118,000
Pre-Tax Profit24,296,00022,485,00019,231,00012,161,000-18,0003,855,0005,095,000-8,447,0006,828,0005,641,00017,045,00015,426,00018,558,00019,075,00015,463,000
Tax-6,167,000-4,303,000-3,484,000-2,291,00051,000-488,000-777,0001,469,000-1,510,000-1,163,000-4,060,000-3,616,000-4,804,000-5,554,000-4,400,000
Profit After Tax18,129,00018,182,00015,747,0009,870,00033,0003,367,0004,318,000-6,978,0005,318,0004,478,00012,985,00011,810,00013,754,00013,521,00011,063,000
Dividends Paid25,000,0000000008,583,0003,632,00030,000,0006,604,0006,952,00010,687,0009,392,0008,346,000
Retained Profit-6,871,00018,182,00015,747,0009,870,00033,0003,367,0004,318,000-15,561,0001,686,000-25,522,0006,381,0004,858,0003,067,0004,129,0002,717,000
Employee Costs264,166,000249,815,000263,592,000261,145,0000250,764,000240,457,000248,698,000240,509,000247,408,000239,355,000190,835,000190,767,000181,162,000146,542,000
Number Of Employees12,85812,99615,96215,96519,45518,95620,23122,30824,05328,82631,98420,65024,47722,58115,370
EBITDA*21,578,00020,486,00021,365,00015,506,0003,799,0007,063,0005,815,000-4,709,00010,072,0009,468,00020,074,00017,812,00021,140,00021,699,00017,956,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets3,215,0004,065,0005,189,0006,638,0004,719,0005,166,0007,274,0006,083,0007,156,0008,261,0008,997,0008,157,0007,287,0006,609,0006,587,000
Intangible Assets931,000989,000803,0003,058,0004,291,0005,528,0006,765,0006,172,0004,850,000589,000663,0001,657,0001,562,0001,347,0001,569,000
Investments & Other977,000566,0000000000000000
Debtors (Due After 1 year)169,000256,0001,145,0001,670,0001,064,000921,0001,021,0002,624,0002,466,0006,147,00000285,000756,0001,204,000
Total Fixed Assets5,292,0005,876,0005,037,0008,667,00010,074,00011,615,00015,060,00014,879,00014,472,00014,997,0009,660,0009,814,0009,134,0008,712,0009,360,000
Stock & work in progress619,000709,0001,706,0003,048,000694,000618,000417,000483,0003,069,0002,012,0001,276,000941,000743,000799,000178,000
Trade Debtors17,918,00013,567,0007,715,00010,012,00013,158,00018,479,00028,147,00029,783,00036,258,00013,656,00034,117,00026,545,00032,695,00030,102,00026,822,000
Group Debtors100,143,000120,921,00098,277,00061,038,00018,471,00024,500,00026,885,00017,579,00016,637,00017,047,00012,634,00015,617,00012,086,0009,885,0004,742,000
Misc Debtors11,289,00013,328,00016,191,00014,669,00016,186,00012,628,0004,584,0008,537,0005,752,00023,212,00015,089,00016,139,00014,814,00010,428,0007,736,000
Cash1,703,0001,073,0003,108,0003,173,00025,739,00019,408,00024,471,00017,430,000939,000349,00025,059,00028,214,0005,467,00019,429,00020,842,000
misc current assets000000000000000
total current assets131,672,000149,598,000126,997,00091,940,00074,248,00075,633,00084,504,00073,812,00062,655,00056,276,00088,175,00087,456,00065,805,00070,643,00060,320,000
total assets136,964,000155,474,000132,034,000100,607,00084,322,00087,248,00099,564,00088,691,00077,127,00071,273,00097,835,00097,270,00074,939,00079,355,00069,680,000
Bank overdraft000000000000010,360,00017,072,000
Bank loan000000000000000
Trade Creditors 9,579,00010,570,0006,336,0007,081,00010,128,00014,491,00012,910,00011,925,0008,790,0008,949,0008,046,00012,706,00013,717,00011,924,0005,161,000
Group/Directors Accounts29,881,00043,599,0000024,817,00028,292,00054,038,00045,936,00026,956,00020,183,00020,612,00018,884,00016,318,00017,213,00018,273,000
other short term finances000000000000000
hp & lease commitments45,00047,00026,0002,000274,00031,00051,00047,00047,000224,000361,000869,00001,0000
other current liabilities53,750,00051,526,00094,869,00080,530,00046,192,00045,780,00038,111,00037,903,00034,133,00034,928,00036,897,00037,231,00024,732,00022,949,00016,301,000
total current liabilities93,255,000105,742,000101,231,00087,613,00081,411,00088,594,000105,110,00095,811,00069,926,00064,284,00065,916,00069,690,00054,767,00062,447,00056,807,000
loans00168,0006,00000000001,948,000000
hp & lease commitments59,000104,00084,0003,0003,000031,00078,000124,000171,000161,000519,00018,00021,0000
Accruals and Deferred Income296,000436,000259,00000103,000000000000
other liabilities000000000000000
provisions789,000761,0002,108,0003,288,0001,465,0003,129,0003,851,0003,451,0002,412,000000000
total long term liabilities1,145,0001,308,0001,397,0001,647,0001,468,0003,232,0003,882,0003,529,0002,536,000171,000161,0002,471,00020,00023,00052,000
total liabilities94,400,000107,050,000102,628,00089,260,00082,879,00091,826,000108,992,00099,340,00072,462,00064,455,00066,077,00072,161,00054,787,00062,470,00056,859,000
net assets42,564,00048,424,00029,406,00011,347,0001,443,000-4,578,000-9,428,000-10,649,0004,665,0006,818,00031,758,00025,109,00020,152,00016,885,00012,821,000
total shareholders funds42,564,00048,424,00029,406,00011,347,0001,443,000-4,578,000-9,428,000-10,649,0004,665,0006,818,00031,758,00025,109,00020,152,00016,885,00012,821,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit20,085,00018,932,00017,332,00011,799,00038,0003,901,0005,603,000-7,715,0007,464,0005,691,00016,296,00014,930,00018,281,00018,925,00015,346,000
Depreciation1,493,0001,554,0001,778,0002,474,0002,528,0003,162,000212,0003,004,0002,606,0003,485,0003,397,0002,578,0002,637,0002,552,0002,388,000
Amortisation002,255,0001,233,0001,233,000002,0002,000292,000381,000304,000222,000222,000222,000
Tax-6,167,000-4,303,000-3,484,000-2,291,00051,000-488,000-777,0001,469,000-1,510,000-1,163,000-4,060,000-3,616,000-4,804,000-5,554,000-4,400,000
Stock-90,000-997,000-1,342,0002,354,00076,000201,000-66,000-2,586,0001,057,000736,000335,000198,000-56,000621,000178,000
Debtors-18,553,00024,744,00035,939,00038,510,000-7,649,000-4,109,0002,114,000-2,590,0001,051,000-1,778,0003,539,000-1,579,0008,709,00010,667,00040,504,000
Creditors-991,0004,234,000-745,000-3,047,000-4,363,0001,581,000985,0003,135,000-159,000903,000-4,660,000-1,011,0001,793,0006,763,0005,161,000
Accruals and Deferred Income2,084,000-43,166,00014,598,00034,338,000309,0007,772,000208,0003,770,000-795,000-1,969,000-334,00012,499,0001,783,0006,648,00016,301,000
Deferred Taxes & Provisions28,000-1,347,000-1,180,0001,823,000-1,664,000-722,000400,0001,039,0002,412,000000000
Cash flow from operations35,175,000-47,843,000-4,043,0005,465,0005,705,00019,114,0004,583,0009,880,0007,912,0008,281,0007,146,00027,065,00011,259,00018,268,000-5,664,000
Investing Activities
capital expenditure-585,000-616,000-329,000-4,393,000-2,077,000183,000-1,996,000-3,255,000-5,764,000-2,967,000-3,624,000-3,847,000-3,752,000-2,574,000-10,766,000
Change in Investments411,000566,0000000000000000
cash flow from investments-996,000-1,182,000-329,000-4,393,000-2,077,000183,000-1,996,000-3,255,000-5,764,000-2,967,000-3,624,000-3,847,000-3,752,000-2,574,000-10,766,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-13,718,00043,599,0000-24,817,000-3,475,000-25,746,0008,102,00018,980,0006,773,000-429,0001,728,0002,566,000-895,000-1,060,00018,273,000
Other Short Term Loans 000000000000000
Long term loans0-168,000162,0006,000000000-1,948,0001,948,000000
Hire Purchase and Lease Commitments-47,00041,000105,000-272,000246,000-51,000-43,000-46,000-224,000-127,000-866,0001,370,000-4,00022,0000
other long term liabilities000000000000000
share issue1,011,000836,0002,312,00034,0005,988,0001,483,000-3,097,000247,000-3,839,000582,000268,00099,000200,000-65,00010,104,000
interest4,211,0003,553,0001,899,000362,000-56,000-46,000-508,000-732,000-636,000-50,000749,000496,000277,000150,000117,000
cash flow from financing-8,543,00047,861,0004,478,000-24,687,0002,703,000-24,360,0004,454,00018,449,0002,074,000-24,000-69,0006,479,000-422,000-953,00028,494,000
cash and cash equivalents
cash630,000-2,035,000-65,000-22,566,0006,331,000-5,063,0007,041,00016,491,000590,000-24,710,000-3,155,00022,747,000-13,962,000-1,413,00020,842,000
overdraft000000000000-10,360,000-6,712,00017,072,000
change in cash630,000-2,035,000-65,000-22,566,0006,331,000-5,063,0007,041,00016,491,000590,000-24,710,000-3,155,00022,747,000-3,602,0005,299,0003,770,000

mitie cleaning & environmental services 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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Mitie Cleaning & Environmental Services Limited Competitor Analysis

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Perform a competitor analysis for mitie cleaning & environmental services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in SE1 area or any other competitors across 12 key performance metrics.

mitie cleaning & environmental services limited Ownership

MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED group structure

Mitie Cleaning & Environmental Services Limited has no subsidiary companies.

Ultimate parent company

2 parents

MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED

00686377

MITIE CLEANING & ENVIRONMENTAL SERVICES LIMITED Shareholders

mitie limited 100%

mitie cleaning & environmental services limited directors

Mitie Cleaning & Environmental Services Limited currently has 2 directors. The longest serving directors include Mr Peter Dickinson (Apr 2017) and Mr Matthew Peacock (Aug 2021).

officercountryagestartendrole
Mr Peter DickinsonEngland62 years Apr 2017- Director
Mr Matthew PeacockEngland54 years Aug 2021- Director

P&L

March 2024

turnover

405m

+3%

operating profit

20.1m

+6%

gross margin

10.9%

-7.44%

turnover

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

Balance Sheet

March 2024

net assets

42.6m

-0.12%

total assets

137m

-0.12%

cash

1.7m

+0.59%

net assets

Total assets minus all liabilities

mitie cleaning & environmental services limited company details

company number

00686377

Type

Private limited with Share Capital

industry

81210 - General cleaning of buildings

incorporation date

March 1961

age

63

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

mitie cleaning & support services limited (April 2009)

mitie cleaning (north) limited (March 2006)

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accountant

-

auditor

BDO LLP

address

level 12 the shard, 32 london bridge street, london, england, SE1 9SG

Bank

HSBC BANK PLC

Legal Advisor

-

mitie cleaning & environmental services 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 did not find charges/mortgages relating to mitie cleaning & environmental services limited.

charges

mitie cleaning & environmental services limited Companies House Filings - See Documents

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