mitie roofing limited
mitie roofing limited Company Information
Company Number
00937663
Next Accounts
91 days late
Shareholders
mitie group plc
Group Structure
View All
Industry
Roofing activities
Registered Address
level 12 the shard, 32 london bridge street, london, SE1 9SG
Website
www.mitie.commitie roofing limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE ROOFING LIMITED at £3.7m based on a Turnover of £15m and 0.25x industry multiple (adjusted for size and gross margin).
mitie roofing limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE ROOFING LIMITED at £0 based on an EBITDA of £-5.9m and a 1.68x industry multiple (adjusted for size and gross margin).
mitie roofing limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE ROOFING LIMITED at £0 based on Net Assets of £-5.6m and 2.37x industry multiple (adjusted for liquidity).
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Mitie Roofing Limited Overview
Mitie Roofing Limited is a live company located in london, SE1 9SG with a Companies House number of 00937663. It operates in the roofing activities sector, SIC Code 43910. Founded in August 1968, it's largest shareholder is mitie group plc with a 100% stake. Mitie Roofing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15m with declining growth in recent years.
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Mitie Roofing Limited Health Check
Pomanda's financial health check has awarded Mitie Roofing Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £15m, make it larger than the average company (£794.6k)
£15m - Mitie Roofing Limited
£794.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.6%)
-15% - Mitie Roofing Limited
6.6% - Industry AVG
Production
with a gross margin of -10.5%, this company has a higher cost of product (25.8%)
-10.5% - Mitie Roofing Limited
25.8% - Industry AVG
Profitability
an operating margin of -39.7% make it less profitable than the average company (7.9%)
-39.7% - Mitie Roofing Limited
7.9% - Industry AVG
Employees
with 79 employees, this is above the industry average (7)
- Mitie Roofing Limited
7 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£39.6k)
- Mitie Roofing Limited
£39.6k - Industry AVG
Efficiency
resulting in sales per employee of £189.3k, this is equally as efficient (£190k)
- Mitie Roofing Limited
£190k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (51 days)
74 days - Mitie Roofing Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (43 days)
21 days - Mitie Roofing Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mitie Roofing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (19 weeks)
1 weeks - Mitie Roofing Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 164.2%, this is a higher level of debt than the average (59.4%)
164.2% - Mitie Roofing Limited
59.4% - Industry AVG
MITIE ROOFING LIMITED financials
Mitie Roofing Limited's latest turnover from March 2023 is £15 million and the company has net assets of -£5.6 million. According to their latest financial statements, we estimate that Mitie Roofing Limited has 79 employees and maintains cash reserves of £393 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,955,000 | 15,604,000 | 18,676,000 | 24,393,000 | 30,083,000 | 31,075,000 | 34,810,000 | 34,376,000 | 34,616,000 | 33,356,000 | 31,343,000 | 31,355,000 | 24,324,000 | 23,594,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 16,523,000 | 15,631,000 | 19,621,000 | 19,645,000 | 21,650,000 | 22,180,000 | 26,824,000 | 25,996,000 | 24,905,000 | 25,020,000 | 23,740,000 | 23,881,000 | 18,158,000 | 17,612,000 |
| Gross Profit | -1,568,000 | -27,000 | -945,000 | 4,748,000 | 8,433,000 | 8,895,000 | 7,986,000 | 8,380,000 | 9,711,000 | 8,336,000 | 7,603,000 | 7,474,000 | 6,166,000 | 5,982,000 |
| Admin Expenses | 4,374,000 | 2,347,000 | 1,659,000 | 5,271,000 | 6,424,000 | 6,866,000 | 7,339,000 | 6,901,000 | 7,252,000 | 5,573,000 | 5,466,000 | 5,086,000 | 4,366,000 | 4,751,000 |
| Operating Profit | -5,942,000 | -2,374,000 | -2,604,000 | -523,000 | 2,009,000 | 2,029,000 | 647,000 | 1,479,000 | 2,459,000 | 2,763,000 | 2,137,000 | 2,388,000 | 1,800,000 | 1,231,000 |
| Interest Payable | 306,000 | 227,000 | 11,000 | 13,000 | 8,000 | 8,000 | ||||||||
| Interest Receivable | 71,000 | 312,000 | 223,000 | 78,000 | 106,000 | 268,000 | 265,000 | 229,000 | 113,000 | 53,000 | 53,000 | |||
| Pre-Tax Profit | -6,248,000 | -2,601,000 | -2,615,000 | -465,000 | 2,313,000 | 2,244,000 | 725,000 | 1,585,000 | 2,727,000 | 3,028,000 | 2,366,000 | 2,501,000 | 1,853,000 | 1,284,000 |
| Tax | 969,000 | 517,000 | 506,000 | 117,000 | -437,000 | -407,000 | -150,000 | -322,000 | -559,000 | -684,000 | -579,000 | -667,000 | -551,000 | -346,000 |
| Profit After Tax | -5,279,000 | -2,084,000 | -2,109,000 | -348,000 | 1,876,000 | 1,837,000 | 575,000 | 1,263,000 | 2,168,000 | 2,344,000 | 1,787,000 | 1,834,000 | 1,302,000 | 938,000 |
| Dividends Paid | 3,176,000 | 1,105,000 | 1,595,000 | 4,000,000 | 890,000 | 936,000 | 3,991,000 | 479,000 | 893,000 | |||||
| Retained Profit | -5,279,000 | -2,084,000 | -2,109,000 | -348,000 | -1,300,000 | 1,837,000 | -530,000 | -332,000 | -1,832,000 | 1,454,000 | 851,000 | -2,157,000 | 823,000 | 45,000 |
| Employee Costs | 3,724,000 | 4,021,000 | 4,600,000 | 6,763,000 | 6,649,000 | 7,159,000 | 8,148,000 | 7,920,000 | 7,311,000 | 6,586,000 | 5,939,000 | 6,044,000 | 5,106,000 | 5,507,000 |
| Number Of Employees | 78 | 89 | 159 | 162 | 154 | 193 | 191 | 170 | 160 | 138 | 145 | 141 | 155 | |
| EBITDA* | -5,942,000 | -2,305,000 | -2,489,000 | -488,000 | 2,017,000 | 2,082,000 | 660,000 | 1,493,000 | 2,556,000 | 2,863,000 | 2,237,000 | 2,512,000 | 1,973,000 | 1,360,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 789,000 | 1,104,000 | 397,000 | 58,000 | 6,000 | 16,000 | 24,000 | 38,000 | 48,000 | 28,000 | 32,000 | 60,000 | 166,000 | |
| Intangible Assets | 1,213,000 | 1,213,000 | 1,213,000 | 1,213,000 | 1,213,000 | 1,213,000 | 1,213,000 | 1,213,000 | 1,213,000 | 1,294,000 | 1,380,000 | 1,466,000 | 1,552,000 | |
| Investments & Other | 45,000 | 8,000 | ||||||||||||
| Debtors (Due After 1 year) | 736,000 | 838,000 | 11,000 | 16,000 | 20,000 | 27,000 | ||||||||
| Total Fixed Assets | 45,000 | 1,949,000 | 2,304,000 | 1,618,000 | 1,282,000 | 1,235,000 | 1,249,000 | 1,264,000 | 1,251,000 | 1,261,000 | 1,322,000 | 1,412,000 | 1,526,000 | 1,718,000 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 3,070,000 | 2,650,000 | 2,981,000 | 6,410,000 | 5,591,000 | 6,235,000 | 6,021,000 | 7,348,000 | 5,537,000 | 6,110,000 | 5,439,000 | 4,772,000 | 4,437,000 | 4,461,000 |
| Group Debtors | 1,411,000 | 668,000 | 782,000 | 2,064,000 | 557,000 | 219,000 | 468,000 | 773,000 | 463,000 | 306,000 | 195,000 | 125,000 | 339,000 | 273,000 |
| Misc Debtors | 3,762,000 | 1,764,000 | 2,481,000 | 1,024,000 | 1,430,000 | 60,000 | 35,000 | 267,000 | 696,000 | 115,000 | 107,000 | 130,000 | 122,000 | 133,000 |
| Cash | 393,000 | 1,435,000 | 273,000 | 8,007,000 | 6,080,000 | 4,586,000 | 2,018,000 | 4,110,000 | 8,370,000 | 7,121,000 | 5,566,000 | 6,744,000 | 4,807,000 | |
| misc current assets | ||||||||||||||
| total current assets | 8,636,000 | 7,502,000 | 7,128,000 | 9,498,000 | 15,585,000 | 12,594,000 | 11,110,000 | 10,406,000 | 10,806,000 | 14,901,000 | 12,862,000 | 10,593,000 | 11,642,000 | 9,674,000 |
| total assets | 8,681,000 | 9,451,000 | 9,432,000 | 11,116,000 | 16,867,000 | 13,829,000 | 12,359,000 | 11,670,000 | 12,057,000 | 16,162,000 | 14,184,000 | 12,005,000 | 13,168,000 | 11,392,000 |
| Bank overdraft | 70,000 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 983,000 | 801,000 | 2,129,000 | 3,047,000 | 3,929,000 | 3,510,000 | 4,627,000 | 4,263,000 | 3,907,000 | 5,877,000 | 5,791,000 | 4,599,000 | 3,601,000 | 2,707,000 |
| Group/Directors Accounts | 7,268,000 | 1,907,000 | 4,931,000 | 1,742,000 | 1,832,000 | 1,732,000 | 1,796,000 | 1,724,000 | 1,728,000 | 1,724,000 | 1,724,000 | 1,725,000 | ||
| other short term finances | ||||||||||||||
| hp & lease commitments | 17,000 | 20,000 | 55,000 | |||||||||||
| other current liabilities | 5,594,000 | 8,054,000 | 4,616,000 | 1,958,000 | 3,645,000 | 2,902,000 | 2,177,000 | 1,434,000 | 1,874,000 | 2,097,000 | 1,557,000 | 1,337,000 | 1,255,000 | 1,017,000 |
| total current liabilities | 13,845,000 | 8,872,000 | 6,765,000 | 7,037,000 | 12,505,000 | 8,154,000 | 8,636,000 | 7,429,000 | 7,577,000 | 9,698,000 | 9,076,000 | 7,660,000 | 6,580,000 | 5,449,000 |
| loans | 34,000 | |||||||||||||
| hp & lease commitments | 17,000 | 45,000 | ||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 411,000 | 1,772,000 | 1,752,000 | 157,000 | 128,000 | 120,000 | 194,000 | 341,000 | 421,000 | 545,000 | 756,000 | |||
| total long term liabilities | 411,000 | 886,000 | 893,000 | 202,000 | 128,000 | 120,000 | 194,000 | 341,000 | 421,000 | 545,000 | 756,000 | |||
| total liabilities | 14,256,000 | 9,758,000 | 7,658,000 | 7,239,000 | 12,633,000 | 8,274,000 | 8,636,000 | 7,429,000 | 7,577,000 | 9,892,000 | 9,417,000 | 8,081,000 | 7,125,000 | 6,205,000 |
| net assets | -5,575,000 | -307,000 | 1,774,000 | 3,877,000 | 4,234,000 | 5,555,000 | 3,723,000 | 4,241,000 | 4,480,000 | 6,270,000 | 4,767,000 | 3,924,000 | 6,043,000 | 5,187,000 |
| total shareholders funds | -5,575,000 | -307,000 | 1,774,000 | 3,877,000 | 4,234,000 | 5,568,000 | 3,723,000 | 4,241,000 | 4,480,000 | 6,270,000 | 4,767,000 | 3,924,000 | 6,043,000 | 5,187,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -5,942,000 | -2,374,000 | -2,604,000 | -523,000 | 2,009,000 | 2,029,000 | 647,000 | 1,479,000 | 2,459,000 | 2,763,000 | 2,137,000 | 2,388,000 | 1,800,000 | 1,231,000 |
| Depreciation | 69,000 | 115,000 | 35,000 | 8,000 | 53,000 | 13,000 | 14,000 | 14,000 | 18,000 | 14,000 | 38,000 | 87,000 | 129,000 | |
| Amortisation | 83,000 | 82,000 | 86,000 | 86,000 | 86,000 | |||||||||
| Tax | 969,000 | 517,000 | 506,000 | 117,000 | -437,000 | -407,000 | -150,000 | -322,000 | -559,000 | -684,000 | -579,000 | -667,000 | -551,000 | -346,000 |
| Stock | ||||||||||||||
| Debtors | 2,425,000 | -1,264,000 | -2,416,000 | 1,909,000 | 1,059,000 | -14,000 | -1,871,000 | 1,719,000 | 165,000 | 790,000 | 714,000 | 129,000 | 31,000 | 4,867,000 |
| Creditors | 182,000 | -1,328,000 | -918,000 | -882,000 | 419,000 | -1,117,000 | 364,000 | 356,000 | -1,970,000 | 86,000 | 1,192,000 | 998,000 | 894,000 | 2,707,000 |
| Accruals and Deferred Income | -2,460,000 | 3,438,000 | 2,658,000 | -1,687,000 | 743,000 | 725,000 | 743,000 | -440,000 | -223,000 | 540,000 | 220,000 | 82,000 | 238,000 | 1,017,000 |
| Deferred Taxes & Provisions | -1,361,000 | 20,000 | 1,595,000 | 29,000 | 8,000 | 120,000 | -194,000 | -147,000 | -80,000 | -124,000 | -211,000 | 756,000 | ||
| Cash flow from operations | -11,037,000 | 1,606,000 | 3,768,000 | -4,820,000 | 1,691,000 | 1,417,000 | 3,488,000 | -632,000 | -555,000 | 1,868,000 | 2,276,000 | 2,672,000 | 2,312,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 45,000 | -8,000 | 8,000 | |||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 7,268,000 | -1,907,000 | -3,024,000 | 3,189,000 | -90,000 | 100,000 | -64,000 | 72,000 | -4,000 | 4,000 | -1,000 | 1,725,000 | ||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -34,000 | 34,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -17,000 | -20,000 | -63,000 | 100,000 | ||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -306,000 | -227,000 | -11,000 | 58,000 | 304,000 | 215,000 | 78,000 | 106,000 | 268,000 | 265,000 | 229,000 | 53,000 | 53,000 | |
| cash flow from financing | 6,956,000 | -278,000 | -1,941,000 | -2,875,000 | 3,459,000 | 133,000 | 190,000 | 135,000 | 382,000 | 310,000 | 225,000 | 85,000 | 6,920,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | -1,042,000 | 1,162,000 | 273,000 | -8,007,000 | 1,927,000 | 1,494,000 | 2,568,000 | -2,092,000 | -4,260,000 | 1,249,000 | 1,555,000 | -1,178,000 | 1,937,000 | 4,807,000 |
| overdraft | -70,000 | 70,000 | ||||||||||||
| change in cash | -1,042,000 | 1,162,000 | 343,000 | -8,077,000 | 1,927,000 | 1,494,000 | 2,568,000 | -2,092,000 | -4,260,000 | 1,249,000 | 1,555,000 | -1,178,000 | 1,937,000 | 4,807,000 |
mitie roofing limited Credit Report and Business Information
Mitie Roofing Limited Competitor Analysis
Perform a competitor analysis for mitie roofing limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
mitie roofing limited Ownership
MITIE ROOFING LIMITED group structure
Mitie Roofing Limited has no subsidiary companies.
mitie roofing limited directors
Mitie Roofing Limited currently has 4 directors. The longest serving directors include Mr Peter Dickinson (May 2018) and Mr Matthew Peacock (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Dickinson | England | 63 years | May 2018 | - | Director |
| Mr Matthew Peacock | England | 54 years | Aug 2021 | - | Director |
| Mr Jeremy Williams | 55 years | Feb 2025 | - | Director | |
| Miss Katherine Woods | England | 41 years | Feb 2025 | - | Director |
P&L
March 2023turnover
15m
-4%
operating profit
-5.9m
+150%
gross margin
-10.4%
+5959.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-5.6m
+17.16%
total assets
8.7m
-0.08%
cash
393k
-0.73%
net assets
Total assets minus all liabilities
mitie roofing limited company details
company number
00937663
Type
Private limited with Share Capital
industry
43910 - Roofing activities
incorporation date
August 1968
age
57
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
mitie tilley roofing limited (March 2021)
d w tilley limited (March 2008)
See moreaccountant
-
auditor
BDO LLP
address
level 12 the shard, 32 london bridge street, london, SE1 9SG
Bank
HSBC BANK PLC
Legal Advisor
-
mitie roofing 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 roofing limited.
mitie roofing limited Capital Raised & Share Issues BETA
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mitie roofing limited Companies House Filings - See Documents
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