mitchells of lancaster(brewers)limited
mitchells of lancaster(brewers)limited Company Information
Company Number
00843510
Website
www.mitchellsoflancaster.comRegistered Address
the chancery 58 spring gardens, manchester, M2 1EW
Industry
Public houses and bars
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
mitchell's brewery ltd 100%
mitchells of lancaster(brewers)limited Estimated Valuation
Pomanda estimates the enterprise value of MITCHELLS OF LANCASTER(BREWERS)LIMITED at £4.2m based on a Turnover of £6.3m and 0.66x industry multiple (adjusted for size and gross margin).
mitchells of lancaster(brewers)limited Estimated Valuation
Pomanda estimates the enterprise value of MITCHELLS OF LANCASTER(BREWERS)LIMITED at £0 based on an EBITDA of £-862k and a 4.66x industry multiple (adjusted for size and gross margin).
mitchells of lancaster(brewers)limited Estimated Valuation
Pomanda estimates the enterprise value of MITCHELLS OF LANCASTER(BREWERS)LIMITED at £28.4m based on Net Assets of £14.8m and 1.93x industry multiple (adjusted for liquidity).
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Mitchells Of Lancaster(brewers)limited Overview
Mitchells Of Lancaster(brewers)limited is a dissolved company that was located in manchester, M2 1EW with a Companies House number of 00843510. It operated in the public houses and bars sector, SIC Code 56302. Founded in March 1965, it's largest shareholder was mitchell's brewery ltd with a 100% stake. The last turnover for Mitchells Of Lancaster(brewers)limited was estimated at £6.3m.
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Mitchells Of Lancaster(brewers)limited Health Check
Pomanda's financial health check has awarded Mitchells Of Lancaster(Brewers)Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £6.3m, make it larger than the average company (£541.8k)
£6.3m - Mitchells Of Lancaster(brewers)limited
£541.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.4%)
-13% - Mitchells Of Lancaster(brewers)limited
4.4% - Industry AVG
Production
with a gross margin of 61.2%, this company has a comparable cost of product (57%)
61.2% - Mitchells Of Lancaster(brewers)limited
57% - Industry AVG
Profitability
an operating margin of -14.2% make it less profitable than the average company (4.5%)
-14.2% - Mitchells Of Lancaster(brewers)limited
4.5% - Industry AVG
Employees
with 216 employees, this is above the industry average (37)
216 - Mitchells Of Lancaster(brewers)limited
37 - Industry AVG
Pay Structure
on an average salary of £12.2k, the company has an equivalent pay structure (£14k)
£12.2k - Mitchells Of Lancaster(brewers)limited
£14k - Industry AVG
Efficiency
resulting in sales per employee of £29.2k, this is less efficient (£45k)
£29.2k - Mitchells Of Lancaster(brewers)limited
£45k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is near the average (7 days)
5 days - Mitchells Of Lancaster(brewers)limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 88 days, this is slower than average (48 days)
88 days - Mitchells Of Lancaster(brewers)limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (17 days)
10 days - Mitchells Of Lancaster(brewers)limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Mitchells Of Lancaster(brewers)limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19%, this is a lower level of debt than the average (79%)
19% - Mitchells Of Lancaster(brewers)limited
79% - Industry AVG
MITCHELLS OF LANCASTER(BREWERS)LIMITED financials
Mitchells Of Lancaster(Brewers)Limited's latest turnover from February 2017 is £6.3 million and the company has net assets of £14.8 million. According to their latest financial statements, Mitchells Of Lancaster(Brewers)Limited has 216 employees and maintains cash reserves of £9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 6,310,000 | 8,911,000 | 8,928,000 | 9,503,718 | 9,043,000 | 9,310,000 | 10,322,000 | 10,902,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,448,000 | 3,340,000 | 3,319,000 | 3,612,828 | 3,718,000 | 3,882,000 | 4,199,000 | 4,345,000 |
| Gross Profit | 3,862,000 | 5,571,000 | 5,609,000 | 5,890,890 | 5,325,000 | 5,428,000 | 6,123,000 | 6,557,000 |
| Admin Expenses | 4,760,000 | 4,903,000 | 5,732,000 | 6,431,117 | 4,096,000 | 4,896,000 | 5,487,000 | 5,769,000 |
| Operating Profit | -898,000 | 668,000 | -123,000 | -540,227 | 1,229,000 | 532,000 | 636,000 | 788,000 |
| Interest Payable | 52,000 | 111,000 | 344,000 | 397,344 | 475,000 | 506,000 | 453,000 | 399,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -950,000 | 557,000 | -467,000 | 659,272 | 754,000 | 26,000 | 3,000 | -982,000 |
| Tax | 0 | 26,000 | 0 | 92,067 | -85,000 | 133,000 | -52,000 | -58,000 |
| Profit After Tax | -950,000 | 583,000 | -467,000 | 751,339 | 669,000 | 159,000 | -49,000 | -1,040,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 254,000 | 555,000 | 150,000 |
| Retained Profit | -950,000 | 583,000 | -467,000 | 751,339 | 669,000 | -95,000 | -604,000 | -1,190,000 |
| Employee Costs | 2,633,000 | 3,323,000 | 3,277,000 | 3,515,786 | 2,709,000 | 2,839,000 | 3,279,000 | 3,673,000 |
| Number Of Employees | 216 | 299 | 309 | 294 | 266 | 312 | 363 | |
| EBITDA* | -862,000 | 703,000 | 217,000 | -180,775 | 1,609,000 | 956,000 | 1,147,000 | 1,422,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,773,000 | 12,130,000 | 16,063,000 | 7,942,813 | 10,022,000 | 11,789,000 | 13,781,000 | 17,263,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 8,454,490 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,773,000 | 12,130,000 | 16,063,000 | 16,397,303 | 10,022,000 | 11,789,000 | 13,781,000 | 17,263,000 |
| Stock & work in progress | 72,000 | 105,000 | 111,000 | 157,112 | 135,000 | 125,000 | 108,000 | 101,000 |
| Trade Debtors | 103,000 | 267,000 | 297,000 | 387,268 | 423,000 | 608,000 | 659,000 | 637,000 |
| Group Debtors | 10,064,000 | 9,040,000 | 8,971,000 | 0 | 7,768,000 | 6,030,000 | 4,361,000 | 1,354,000 |
| Misc Debtors | 182,000 | 217,000 | 265,000 | 322,677 | 250,000 | 177,000 | 154,000 | 151,000 |
| Cash | 9,000 | 13,000 | 56,000 | 454,060 | 14,000 | 12,000 | 13,000 | 385,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,430,000 | 9,642,000 | 9,700,000 | 1,321,117 | 8,590,000 | 6,952,000 | 5,295,000 | 2,628,000 |
| total assets | 18,203,000 | 21,772,000 | 25,763,000 | 17,718,420 | 18,612,000 | 18,741,000 | 19,076,000 | 19,891,000 |
| Bank overdraft | 2,003,000 | 1,740,000 | 1,683,000 | 5,152,877 | 7,736,000 | 3,386,000 | 3,376,000 | 3,104,000 |
| Bank loan | 0 | 2,404,000 | 4,278,000 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 592,000 | 1,086,000 | 1,048,000 | 1,401,180 | 1,198,000 | 1,124,000 | 898,000 | 1,027,000 |
| Group/Directors Accounts | 35,000 | 0 | 0 | 69,601 | 0 | 91,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 37,000 | 30,000 | 34,000 |
| other current liabilities | 819,000 | 1,102,000 | 1,766,000 | 1,933,162 | 1,153,000 | 1,227,000 | 1,227,000 | 977,000 |
| total current liabilities | 3,449,000 | 6,332,000 | 8,775,000 | 8,556,820 | 10,087,000 | 5,865,000 | 5,531,000 | 5,142,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 5,134,000 | 5,514,000 | 5,886,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 37,000 | 64,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 |
| provisions | 0 | 0 | 26,000 | 26,012 | 142,000 | 28,000 | 185,000 | 186,000 |
| total long term liabilities | 0 | 0 | 26,000 | 26,012 | 142,000 | 5,162,000 | 5,736,000 | 6,336,000 |
| total liabilities | 3,449,000 | 6,332,000 | 8,801,000 | 8,582,832 | 10,229,000 | 11,027,000 | 11,267,000 | 11,478,000 |
| net assets | 14,754,000 | 15,440,000 | 16,962,000 | 9,135,588 | 8,383,000 | 7,714,000 | 7,809,000 | 8,413,000 |
| total shareholders funds | 14,754,000 | 15,440,000 | 16,962,000 | 9,135,588 | 8,383,000 | 7,714,000 | 7,809,000 | 8,413,000 |
| Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -898,000 | 668,000 | -123,000 | -540,227 | 1,229,000 | 532,000 | 636,000 | 788,000 |
| Depreciation | 36,000 | 35,000 | 340,000 | 359,452 | 380,000 | 424,000 | 511,000 | 550,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 84,000 |
| Tax | 0 | 26,000 | 0 | 92,067 | -85,000 | 133,000 | -52,000 | -58,000 |
| Stock | -33,000 | -6,000 | -46,112 | 22,112 | 10,000 | 17,000 | 7,000 | 101,000 |
| Debtors | 825,000 | -9,000 | 368,565 | 723,435 | 1,626,000 | 1,641,000 | 3,032,000 | 2,142,000 |
| Creditors | -494,000 | 38,000 | -353,180 | 203,180 | 74,000 | 226,000 | -129,000 | 1,027,000 |
| Accruals and Deferred Income | -283,000 | -664,000 | -167,162 | 780,162 | -74,000 | 0 | 250,000 | 977,000 |
| Deferred Taxes & Provisions | 0 | -26,000 | -12 | -115,988 | 114,000 | -157,000 | -1,000 | 186,000 |
| Cash flow from operations | -2,431,000 | 92,000 | -625,807 | 33,099 | 2,000 | -500,000 | -1,824,000 | 1,311,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -2,404,000 | -1,874,000 | 4,278,000 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 35,000 | 0 | -69,601 | 69,601 | -91,000 | 91,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -5,134,000 | -380,000 | -372,000 | 5,886,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -37,000 | -30,000 | -31,000 | 98,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -200,000 | 200,000 |
| share issue | ||||||||
| interest | -52,000 | -111,000 | -344,000 | -397,344 | -475,000 | -506,000 | -453,000 | -399,000 |
| cash flow from financing | -2,157,000 | -4,090,000 | 12,157,811 | -326,494 | -5,737,000 | -825,000 | -1,056,000 | 15,388,000 |
| cash and cash equivalents | ||||||||
| cash | -4,000 | -43,000 | -398,060 | 440,060 | 2,000 | -1,000 | -372,000 | 385,000 |
| overdraft | 263,000 | 57,000 | -3,469,877 | -2,583,123 | 4,350,000 | 10,000 | 272,000 | 3,104,000 |
| change in cash | -267,000 | -100,000 | 3,071,817 | 3,023,183 | -4,348,000 | -11,000 | -644,000 | -2,719,000 |
mitchells of lancaster(brewers)limited Credit Report and Business Information
Mitchells Of Lancaster(brewers)limited Competitor Analysis
Perform a competitor analysis for mitchells of lancaster(brewers)limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mitchells of lancaster(brewers)limited Ownership
MITCHELLS OF LANCASTER(BREWERS)LIMITED group structure
Mitchells Of Lancaster(Brewers)Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
MITCHELLS OF LANCASTER(BREWERS)LIMITED
00843510
2 subsidiaries
mitchells of lancaster(brewers)limited directors
Mitchells Of Lancaster(Brewers)Limited currently has 2 directors. The longest serving directors include Mrs Julia Hodge (Sep 1998) and Mr Jonathan Barker (Sep 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Julia Hodge | United Kingdom | 55 years | Sep 1998 | - | Director |
| Mr Jonathan Barker | 56 years | Sep 1998 | - | Director |
P&L
February 2017turnover
6.3m
-29%
operating profit
-898k
-234%
gross margin
61.3%
-2.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2017net assets
14.8m
-0.04%
total assets
18.2m
-0.16%
cash
9k
-0.31%
net assets
Total assets minus all liabilities
Similar Companies
mitchells of lancaster(brewers)limited company details
company number
00843510
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
March 1965
age
59
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
the chancery 58 spring gardens, manchester, M2 1EW
last accounts submitted
February 2017
mitchells of lancaster(brewers)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 67 charges/mortgages relating to mitchells of lancaster(brewers)limited. Currently there are 2 open charges and 65 have been satisfied in the past.
mitchells of lancaster(brewers)limited Companies House Filings - See Documents
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