miele company limited
miele company limited Company Information
Company Number
00769014
Website
www.miele.co.ukRegistered Address
fairacres, marcham road, abingdon, OX14 1TW
Industry
Agents involved in the sale of furniture, household goods, hardware and ironmongery
Telephone
03301606600
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
imanto ag 100%
miele ag 0%
miele company limited Estimated Valuation
Pomanda estimates the enterprise value of MIELE COMPANY LIMITED at £97.3m based on a Turnover of £179.3m and 0.54x industry multiple (adjusted for size and gross margin).
miele company limited Estimated Valuation
Pomanda estimates the enterprise value of MIELE COMPANY LIMITED at £45.8m based on an EBITDA of £7.6m and a 5.99x industry multiple (adjusted for size and gross margin).
miele company limited Estimated Valuation
Pomanda estimates the enterprise value of MIELE COMPANY LIMITED at £49.7m based on Net Assets of £31.5m and 1.58x industry multiple (adjusted for liquidity).
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Miele Company Limited Overview
Miele Company Limited is a live company located in abingdon, OX14 1TW with a Companies House number of 00769014. It operates in the agents involved in the sale of furniture, household goods, hardware and ironmongery sector, SIC Code 46150. Founded in July 1963, it's largest shareholder is imanto ag with a 100% stake. Miele Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £179.3m with healthy growth in recent years.
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Miele Company Limited Health Check
Pomanda's financial health check has awarded Miele Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £179.3m, make it larger than the average company (£3.4m)
£179.3m - Miele Company Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.5%)
5% - Miele Company Limited
7.5% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
35.1% - Miele Company Limited
35.1% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (8.9%)
3% - Miele Company Limited
8.9% - Industry AVG
Employees
with 417 employees, this is above the industry average (22)
417 - Miele Company Limited
22 - Industry AVG
Pay Structure
on an average salary of £52k, the company has an equivalent pay structure (£44.5k)
£52k - Miele Company Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £429.9k, this is more efficient (£293.7k)
£429.9k - Miele Company Limited
£293.7k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (42 days)
33 days - Miele Company Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (27 days)
4 days - Miele Company Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is less than average (99 days)
45 days - Miele Company Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is average cash available to meet short term requirements (35 weeks)
33 weeks - Miele Company Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.3%, this is a similar level of debt than the average (53.4%)
53.3% - Miele Company Limited
53.4% - Industry AVG
MIELE COMPANY LIMITED financials
Miele Company Limited's latest turnover from December 2023 is £179.3 million and the company has net assets of £31.5 million. According to their latest financial statements, Miele Company Limited has 417 employees and maintains cash reserves of £16.6 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 | 179,277,000 | 192,242,000 | 171,358,000 | 154,765,000 | 154,028,000 | 151,721,000 | 161,611,000 | 154,169,000 | 144,736,000 | 136,597,000 | 120,413,000 | 113,974,000 | 110,660,000 | 110,469,065 | 112,271,705 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 5,406,000 | 7,631,000 | 8,468,000 | 7,231,000 | 4,806,000 | 3,403,000 | 2,948,000 | 6,265,000 | 5,717,000 | 5,790,000 | 2,964,000 | 830,000 | 535,000 | -1,464,589 | -3,376,442 |
| Interest Payable | 142,000 | 356,000 | 244,000 | 336,000 | 406,000 | 364,000 | 410,000 | 402,000 | 487,000 | 465,000 | 402,000 | 82,000 | 1,723,000 | 507,827 | 463,064 |
| Interest Receivable | 255,000 | 71,000 | 3,000 | 20,000 | 41,000 | 14,000 | 6,000 | 12,000 | 11,000 | 10,000 | 9,000 | 9,000 | 1,358,000 | 13,700 | 13,614 |
| Pre-Tax Profit | 5,519,000 | 7,346,000 | 8,227,000 | 6,915,000 | 4,441,000 | 3,053,000 | 2,544,000 | 5,875,000 | 5,241,000 | 5,243,000 | 2,571,000 | 529,000 | 170,000 | -1,958,716 | -3,825,892 |
| Tax | -1,561,000 | -1,607,000 | -1,738,000 | -1,374,000 | -895,000 | -530,000 | -719,000 | -1,293,000 | -1,204,000 | -1,233,000 | -395,000 | 13,000 | -20,000 | 60,527 | 384,173 |
| Profit After Tax | 3,958,000 | 5,739,000 | 6,489,000 | 5,541,000 | 3,546,000 | 2,523,000 | 1,825,000 | 4,582,000 | 4,037,000 | 4,010,000 | 2,176,000 | 542,000 | 150,000 | -1,898,189 | -3,441,719 |
| Dividends Paid | 0 | 15,000,000 | 0 | 0 | 4,000,000 | 0 | 0 | 0 | 0 | 2,499,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,958,000 | -9,261,000 | 6,489,000 | 5,541,000 | -454,000 | 2,523,000 | 1,825,000 | 4,582,000 | 4,037,000 | 1,511,000 | 2,176,000 | 542,000 | 150,000 | -1,898,189 | -3,441,719 |
| Employee Costs | 21,703,000 | 22,068,000 | 19,523,000 | 19,422,000 | 18,734,000 | 19,380,000 | 18,608,000 | 17,681,000 | 16,504,000 | 15,737,000 | 14,786,000 | 14,514,000 | 13,572,000 | 12,826,820 | 12,730,598 |
| Number Of Employees | 417 | 410 | 403 | 421 | 441 | 453 | 429 | 417 | 394 | 372 | 360 | 354 | 345 | 351 | 355 |
| EBITDA* | 7,642,000 | 9,513,000 | 10,303,000 | 10,742,000 | 8,746,000 | 7,314,000 | 5,545,000 | 8,516,000 | 7,652,000 | 7,833,000 | 5,064,000 | 3,011,000 | 2,579,000 | 453,717 | -1,641,038 |
* 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 | 20,001,000 | 18,982,000 | 18,196,000 | 18,244,000 | 19,559,000 | 20,248,000 | 21,262,000 | 21,831,000 | 20,822,000 | 21,146,000 | 21,979,000 | 22,243,000 | 23,308,000 | 23,824,505 | 24,724,415 |
| Intangible Assets | 16,000 | 15,000 | 35,000 | 204,000 | 1,672,000 | 3,016,000 | 4,527,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Debtors (Due After 1 year) | 163,000 | 981,000 | 3,761,000 | 3,826,000 | 3,170,000 | 2,682,000 | 2,631,000 | 2,662,000 | 1,948,000 | 2,960,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 20,181,000 | 19,979,000 | 21,993,000 | 22,275,000 | 24,402,000 | 25,947,000 | 28,421,000 | 24,494,000 | 22,771,000 | 24,107,000 | 21,980,000 | 22,244,000 | 23,309,000 | 23,825,505 | 24,725,415 |
| Stock & work in progress | 14,443,000 | 20,250,000 | 18,600,000 | 13,357,000 | 16,588,000 | 16,812,000 | 19,101,000 | 19,181,000 | 14,177,000 | 12,629,000 | 12,543,000 | 13,545,000 | 14,508,000 | 14,089,603 | 15,790,634 |
| Trade Debtors | 16,276,000 | 21,036,000 | 10,545,000 | 13,030,000 | 13,594,000 | 13,658,000 | 16,941,000 | 15,183,000 | 13,259,000 | 12,564,000 | 10,420,000 | 12,162,000 | 11,477,000 | 9,010,796 | 10,280,895 |
| Group Debtors | 0 | 0 | 522,000 | 125,000 | 68,000 | 262,000 | 103,000 | 19,000 | 63,000 | 29,000 | 114,000 | 10,000 | 19,000 | 10,464 | 33,141 |
| Misc Debtors | 0 | 0 | 474,000 | 233,000 | 692,000 | 1,028,000 | 1,127,000 | 1,874,000 | 683,000 | 273,000 | 607,000 | 778,000 | 740,000 | 532,259 | 990,608 |
| Cash | 16,581,000 | 12,990,000 | 30,236,000 | 33,615,000 | 14,962,000 | 14,115,000 | 9,179,000 | 13,858,000 | 13,052,000 | 10,833,000 | 8,129,000 | 6,704,000 | 7,793,000 | 8,108,942 | 1,244,186 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 47,300,000 | 54,276,000 | 60,377,000 | 60,360,000 | 45,904,000 | 45,875,000 | 46,451,000 | 50,115,000 | 41,234,000 | 36,328,000 | 31,813,000 | 33,199,000 | 34,537,000 | 31,752,064 | 28,339,464 |
| total assets | 67,481,000 | 74,255,000 | 82,370,000 | 82,635,000 | 70,306,000 | 71,822,000 | 74,872,000 | 74,609,000 | 64,005,000 | 60,435,000 | 53,793,000 | 55,443,000 | 57,846,000 | 55,577,569 | 53,064,879 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,523,000 | 2,519,000 | 3,790,000 | 1,463,000 | 1,561,000 | 579,000 | 903,000 | 2,174,000 | 1,076,000 | 1,184,000 | 1,007,000 | 458,000 | 353,000 | 817,712 | 991,882 |
| Group/Directors Accounts | 9,578,000 | 13,523,000 | 7,382,000 | 9,643,000 | 7,211,000 | 5,739,000 | 8,293,000 | 9,513,000 | 7,317,000 | 7,425,000 | 6,580,000 | 9,510,000 | 12,741,000 | 13,673,791 | 16,070,724 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 14,449,000 | 17,379,000 | 12,332,000 | 15,989,000 | 11,148,000 | 13,339,000 | 14,744,000 | 12,962,000 | 11,046,000 | 8,865,000 | 7,535,000 | 8,074,000 | 8,527,000 | 6,562,645 | 3,862,890 |
| total current liabilities | 25,550,000 | 33,421,000 | 23,504,000 | 27,095,000 | 19,920,000 | 19,657,000 | 23,940,000 | 24,649,000 | 19,439,000 | 17,474,000 | 15,122,000 | 18,042,000 | 21,621,000 | 21,054,148 | 20,925,496 |
| loans | 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 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 4,039,000 | 5,868,000 | 8,128,000 | 9,910,000 | 10,179,000 | 11,552,000 | 12,879,000 | 13,089,000 | 12,435,000 | 12,074,000 | 11,599,000 | 11,297,000 | 9,543,000 | 7,741,001 | 6,134,317 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,139,000 | 2,961,000 | 3,158,000 | 2,956,000 | 2,979,000 | 2,874,000 | 2,987,000 | 3,149,000 | 3,352,000 | 3,324,000 | 3,330,000 | 4,325,000 | 5,114,000 | 5,144,128 | 5,344,485 |
| total long term liabilities | 10,399,000 | 12,326,000 | 25,479,000 | 31,202,000 | 30,479,000 | 28,800,000 | 30,650,000 | 31,628,000 | 26,617,000 | 30,207,000 | 25,353,000 | 24,241,000 | 20,474,000 | 18,028,709 | 17,519,602 |
| total liabilities | 35,949,000 | 45,747,000 | 48,983,000 | 58,297,000 | 50,399,000 | 48,457,000 | 54,590,000 | 56,277,000 | 46,056,000 | 47,681,000 | 40,475,000 | 42,283,000 | 42,095,000 | 39,082,857 | 38,445,098 |
| net assets | 31,532,000 | 28,508,000 | 33,387,000 | 24,338,000 | 19,907,000 | 23,365,000 | 20,282,000 | 18,332,000 | 17,949,000 | 12,754,000 | 13,318,000 | 13,160,000 | 15,751,000 | 16,494,712 | 14,619,781 |
| total shareholders funds | 31,532,000 | 28,508,000 | 33,387,000 | 24,338,000 | 19,907,000 | 23,365,000 | 20,282,000 | 18,332,000 | 17,949,000 | 12,754,000 | 13,318,000 | 13,160,000 | 15,751,000 | 16,494,712 | 14,619,781 |
| 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 | 5,406,000 | 7,631,000 | 8,468,000 | 7,231,000 | 4,806,000 | 3,403,000 | 2,948,000 | 6,265,000 | 5,717,000 | 5,790,000 | 2,964,000 | 830,000 | 535,000 | -1,464,589 | -3,376,442 |
| Depreciation | 2,223,000 | 1,852,000 | 1,666,000 | 2,021,000 | 2,472,000 | 2,584,000 | 2,597,000 | 2,251,000 | 1,935,000 | 2,043,000 | 2,100,000 | 2,181,000 | 2,044,000 | 1,918,306 | 1,735,404 |
| Amortisation | 13,000 | 30,000 | 169,000 | 1,490,000 | 1,468,000 | 1,327,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,561,000 | -1,607,000 | -1,738,000 | -1,374,000 | -895,000 | -530,000 | -719,000 | -1,293,000 | -1,204,000 | -1,233,000 | -395,000 | 13,000 | -20,000 | 60,527 | 384,173 |
| Stock | -5,807,000 | 1,650,000 | 5,243,000 | -3,231,000 | -224,000 | -2,289,000 | -80,000 | 5,004,000 | 1,548,000 | 86,000 | -1,002,000 | -963,000 | 418,397 | -1,701,031 | 15,790,634 |
| Debtors | -5,578,000 | 6,715,000 | -1,912,000 | -310,000 | -106,000 | -3,172,000 | 1,064,000 | 3,785,000 | 127,000 | 4,685,000 | -1,809,000 | 714,000 | 2,682,481 | -1,751,125 | 11,304,644 |
| Creditors | -996,000 | -1,271,000 | 2,327,000 | -98,000 | 982,000 | -324,000 | -1,271,000 | 1,098,000 | -108,000 | 177,000 | 549,000 | 105,000 | -464,712 | -174,170 | 991,882 |
| Accruals and Deferred Income | -4,759,000 | 2,787,000 | -5,439,000 | 4,572,000 | -3,564,000 | -2,732,000 | 1,572,000 | 2,570,000 | 2,542,000 | 1,805,000 | -237,000 | 1,301,000 | 3,766,354 | 4,306,439 | 9,997,207 |
| Deferred Taxes & Provisions | 178,000 | -197,000 | 202,000 | -23,000 | 105,000 | -113,000 | -162,000 | -203,000 | 28,000 | -6,000 | -995,000 | -789,000 | -30,128 | -200,357 | 5,344,485 |
| Cash flow from operations | 11,889,000 | 860,000 | 2,324,000 | 17,360,000 | 5,704,000 | 9,076,000 | 3,981,000 | 1,899,000 | 7,235,000 | 3,805,000 | 6,797,000 | 3,890,000 | 2,729,636 | 7,898,312 | -12,018,569 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -3,945,000 | 6,141,000 | -2,261,000 | 2,432,000 | 1,472,000 | -2,554,000 | -1,220,000 | 2,196,000 | -108,000 | 845,000 | -2,930,000 | -3,231,000 | -932,791 | -2,396,933 | 16,070,724 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 113,000 | -285,000 | -241,000 | -316,000 | -365,000 | -350,000 | -404,000 | -390,000 | -476,000 | -455,000 | -393,000 | -73,000 | -365,000 | -494,127 | -449,450 |
| cash flow from financing | -4,766,000 | 10,238,000 | 58,000 | 1,006,000 | -1,897,000 | -2,344,000 | -1,499,000 | -2,393,000 | 574,000 | -1,685,000 | -5,341,000 | -6,437,000 | -2,191,503 | 882,060 | 33,682,774 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,591,000 | -17,246,000 | -3,379,000 | 18,653,000 | 847,000 | 4,936,000 | -4,679,000 | 806,000 | 2,219,000 | 2,704,000 | 1,425,000 | -1,089,000 | -315,942 | 6,864,756 | 1,244,186 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,591,000 | -17,246,000 | -3,379,000 | 18,653,000 | 847,000 | 4,936,000 | -4,679,000 | 806,000 | 2,219,000 | 2,704,000 | 1,425,000 | -1,089,000 | -315,942 | 6,864,756 | 1,244,186 |
miele company limited Credit Report and Business Information
Miele Company Limited Competitor Analysis
Perform a competitor analysis for miele company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
miele company limited Ownership
MIELE COMPANY LIMITED group structure
Miele Company Limited has 1 subsidiary company.
Ultimate parent company
MIELE BETEILIGUNGS GMBH
#0101776
IMANTO AG
#0004561
2 parents
MIELE COMPANY LIMITED
00769014
1 subsidiary
miele company limited directors
Miele Company Limited currently has 3 directors. The longest serving directors include Mr Nicolas Zbinden (Aug 2017) and Mr Rolf Kihm (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicolas Zbinden | England | 46 years | Aug 2017 | - | Director |
| Mr Rolf Kihm | England | 57 years | Aug 2017 | - | Director |
| Mr John Pickering | United Kingdom | 55 years | Oct 2018 | - | Director |
P&L
December 2023turnover
179.3m
-7%
operating profit
5.4m
-29%
gross margin
35.2%
+9.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
31.5m
+0.11%
total assets
67.5m
-0.09%
cash
16.6m
+0.28%
net assets
Total assets minus all liabilities
Similar Companies
miele company limited company details
company number
00769014
Type
Private limited with Share Capital
industry
46150 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
incorporation date
July 1963
age
61
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
fairacres, marcham road, abingdon, OX14 1TW
last accounts submitted
December 2023
miele company 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 miele company limited.
miele company limited Companies House Filings - See Documents
| date | description | view/download |
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