mitchells of lancaster(brewers)limited

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mitchells of lancaster(brewers)limited Company Information

Share MITCHELLS OF LANCASTER(BREWERS)LIMITED
Dissolved 

Company Number

00843510

Registered Address

the chancery 58 spring gardens, manchester, M2 1EW

Industry

Public houses and bars

 

Telephone

-

Next Accounts Due

June 2024

Group Structure

View All

Directors

Julia Hodge25 Years

Jonathan Barker25 Years

Shareholders

mitchell's brewery ltd 100%

mitchells of lancaster(brewers)limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of MITCHELLS OF LANCASTER(BREWERS)LIMITED at £3.9m based on a Turnover of £6.3m and 0.62x industry multiple (adjusted for size and gross margin).

mitchells of lancaster(brewers)limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MITCHELLS OF LANCASTER(BREWERS)LIMITED at £0 based on an EBITDA of £-862k and a 4.59x industry multiple (adjusted for size and gross margin).

mitchells of lancaster(brewers)limited Estimated Valuation

£27.2m

Pomanda estimates the enterprise value of MITCHELLS OF LANCASTER(BREWERS)LIMITED at £27.2m based on Net Assets of £14.8m and 1.85x 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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

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

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

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

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

Employees

with 216 employees, this is above the industry average (37)

216 - Mitchells Of Lancaster(brewers)limited

37 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £29.2k, this is less efficient (£45k)

£29.2k - Mitchells Of Lancaster(brewers)limited

£45k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover6,310,0008,911,0008,928,0009,503,7189,043,0009,310,00010,322,00010,902,000
Other Income Or Grants00000000
Cost Of Sales2,448,0003,340,0003,319,0003,612,8283,718,0003,882,0004,199,0004,345,000
Gross Profit3,862,0005,571,0005,609,0005,890,8905,325,0005,428,0006,123,0006,557,000
Admin Expenses4,760,0004,903,0005,732,0006,431,1174,096,0004,896,0005,487,0005,769,000
Operating Profit-898,000668,000-123,000-540,2271,229,000532,000636,000788,000
Interest Payable52,000111,000344,000397,344475,000506,000453,000399,000
Interest Receivable00000000
Pre-Tax Profit-950,000557,000-467,000659,272754,00026,0003,000-982,000
Tax026,000092,067-85,000133,000-52,000-58,000
Profit After Tax-950,000583,000-467,000751,339669,000159,000-49,000-1,040,000
Dividends Paid00000254,000555,000150,000
Retained Profit-950,000583,000-467,000751,339669,000-95,000-604,000-1,190,000
Employee Costs2,633,0003,323,0003,277,0003,515,7862,709,0002,839,0003,279,0003,673,000
Number Of Employees216299309294188266312363
EBITDA*-862,000703,000217,000-180,7751,609,000956,0001,147,0001,422,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets7,773,00012,130,00016,063,0007,942,81310,022,00011,789,00013,781,00017,263,000
Intangible Assets00000000
Investments & Other00000000
Debtors (Due After 1 year)0008,454,4900000
Total Fixed Assets7,773,00012,130,00016,063,00016,397,30310,022,00011,789,00013,781,00017,263,000
Stock & work in progress72,000105,000111,000157,112135,000125,000108,000101,000
Trade Debtors103,000267,000297,000387,268423,000608,000659,000637,000
Group Debtors10,064,0009,040,0008,971,00007,768,0006,030,0004,361,0001,354,000
Misc Debtors182,000217,000265,000322,677250,000177,000154,000151,000
Cash9,00013,00056,000454,06014,00012,00013,000385,000
misc current assets00000000
total current assets10,430,0009,642,0009,700,0001,321,1178,590,0006,952,0005,295,0002,628,000
total assets18,203,00021,772,00025,763,00017,718,42018,612,00018,741,00019,076,00019,891,000
Bank overdraft2,003,0001,740,0001,683,0005,152,8777,736,0003,386,0003,376,0003,104,000
Bank loan02,404,0004,278,00000000
Trade Creditors 592,0001,086,0001,048,0001,401,1801,198,0001,124,000898,0001,027,000
Group/Directors Accounts35,0000069,601091,00000
other short term finances00000000
hp & lease commitments0000037,00030,00034,000
other current liabilities819,0001,102,0001,766,0001,933,1621,153,0001,227,0001,227,000977,000
total current liabilities3,449,0006,332,0008,775,0008,556,82010,087,0005,865,0005,531,0005,142,000
loans000005,134,0005,514,0005,886,000
hp & lease commitments00000037,00064,000
Accruals and Deferred Income00000000
other liabilities0000000200,000
provisions0026,00026,012142,00028,000185,000186,000
total long term liabilities0026,00026,012142,0005,162,0005,736,0006,336,000
total liabilities3,449,0006,332,0008,801,0008,582,83210,229,00011,027,00011,267,00011,478,000
net assets14,754,00015,440,00016,962,0009,135,5888,383,0007,714,0007,809,0008,413,000
total shareholders funds14,754,00015,440,00016,962,0009,135,5888,383,0007,714,0007,809,0008,413,000
Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit-898,000668,000-123,000-540,2271,229,000532,000636,000788,000
Depreciation36,00035,000340,000359,452380,000424,000511,000550,000
Amortisation000000084,000
Tax026,000092,067-85,000133,000-52,000-58,000
Stock-33,000-6,000-46,11222,11210,00017,0007,000101,000
Debtors825,000-9,000368,565723,4351,626,0001,641,0003,032,0002,142,000
Creditors-494,00038,000-353,180203,18074,000226,000-129,0001,027,000
Accruals and Deferred Income-283,000-664,000-167,162780,162-74,0000250,000977,000
Deferred Taxes & Provisions0-26,000-12-115,988114,000-157,000-1,000186,000
Cash flow from operations-2,431,00092,000-625,80733,0992,000-500,000-1,824,0001,311,000
Investing Activities
capital expenditure4,321,0003,898,000-8,460,1871,719,7351,387,0001,568,0002,971,000-17,897,000
Change in Investments00000000
cash flow from investments4,321,0003,898,000-8,460,1871,719,7351,387,0001,568,0002,971,000-17,897,000
Financing Activities
Bank loans-2,404,000-1,874,0004,278,00000000
Group/Directors Accounts35,0000-69,60169,601-91,00091,00000
Other Short Term Loans 00000000
Long term loans0000-5,134,000-380,000-372,0005,886,000
Hire Purchase and Lease Commitments0000-37,000-30,000-31,00098,000
other long term liabilities000000-200,000200,000
share issue264,000-2,105,0008,293,4121,2490009,603,000
interest-52,000-111,000-344,000-397,344-475,000-506,000-453,000-399,000
cash flow from financing-2,157,000-4,090,00012,157,811-326,494-5,737,000-825,000-1,056,00015,388,000
cash and cash equivalents
cash-4,000-43,000-398,060440,0602,000-1,000-372,000385,000
overdraft263,00057,000-3,469,877-2,583,1234,350,00010,000272,0003,104,000
change in cash-267,000-100,0003,071,8173,023,183-4,348,000-11,000-644,000-2,719,000

mitchells of lancaster(brewers)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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Mitchells Of Lancaster(brewers)limited Competitor Analysis

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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 Shareholders

mitchell's brewery ltd 100%

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).

officercountryagestartendrole
Mrs Julia HodgeUnited Kingdom55 years Sep 1998- Director
Mr Jonathan Barker56 years Sep 1998- Director

P&L

February 2017

turnover

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 2017

net assets

14.8m

-0.04%

total assets

18.2m

-0.16%

cash

9k

-0.31%

net assets

Total assets minus all liabilities

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.

charges

mitchells of lancaster(brewers)limited Companies House Filings - See Documents

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