midland group training services limited
midland group training services limited Company Information
Group Structure
View All
Industry
Other education n.e.c.
+1Registered Address
gulson road, coventry, west midlands, CV1 2JG
Website
http://mgts.co.ukmidland group training services limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND GROUP TRAINING SERVICES LIMITED at £3.7m based on a Turnover of £4.8m and 0.76x industry multiple (adjusted for size and gross margin).
midland group training services limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND GROUP TRAINING SERVICES LIMITED at £3.6m based on an EBITDA of £877.4k and a 4.07x industry multiple (adjusted for size and gross margin).
midland group training services limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND GROUP TRAINING SERVICES LIMITED at £9.9m based on Net Assets of £4.1m and 2.42x industry multiple (adjusted for liquidity).
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Midland Group Training Services Limited Overview
Midland Group Training Services Limited is a live company located in west midlands, CV1 2JG with a Companies House number of 00984899. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in July 1970, it's largest shareholder is unknown. Midland Group Training Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with healthy growth in recent years.
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Midland Group Training Services Limited Health Check
Pomanda's financial health check has awarded Midland Group Training Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £4.8m, make it larger than the average company (£857.6k)
£4.8m - Midland Group Training Services Limited
£857.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.8%)
8% - Midland Group Training Services Limited
6.8% - Industry AVG
Production
with a gross margin of 63.2%, this company has a comparable cost of product (63.2%)
63.2% - Midland Group Training Services Limited
63.2% - Industry AVG
Profitability
an operating margin of 11.2% make it more profitable than the average company (2.8%)
11.2% - Midland Group Training Services Limited
2.8% - Industry AVG
Employees
with 45 employees, this is above the industry average (14)
45 - Midland Group Training Services Limited
14 - Industry AVG
Pay Structure
on an average salary of £47.8k, the company has a higher pay structure (£36.6k)
£47.8k - Midland Group Training Services Limited
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £107.7k, this is more efficient (£73.3k)
£107.7k - Midland Group Training Services Limited
£73.3k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (27 days)
32 days - Midland Group Training Services Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 106 days, this is slower than average (35 days)
106 days - Midland Group Training Services Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midland Group Training Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (96 weeks)
3 weeks - Midland Group Training Services Limited
96 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.5%, this is a similar level of debt than the average (32.2%)
32.5% - Midland Group Training Services Limited
32.2% - Industry AVG
MIDLAND GROUP TRAINING SERVICES LIMITED financials
Midland Group Training Services Limited's latest turnover from March 2024 is £4.8 million and the company has net assets of £4.1 million. According to their latest financial statements, Midland Group Training Services Limited has 45 employees and maintains cash reserves of £68.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 4,847,861 | 4,474,559 | 4,512,628 | 3,796,136 | 4,293,168 | 4,094,597 | 3,634,673 | 4,539,109 | 3,615,806 | 3,142,066 | 3,011,792 | 2,445,337 | 2,425,288 | 2,338,395 | 2,614,736 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 411,693 | 177,768 | 161,368 | 38,809 | -140,084 | -53,792 | -203,451 | 896,395 | 471,734 | 248,866 | 299,308 | 117,909 | 63,860 | 29,821 | 161,352 |
| Tax | |||||||||||||||
| Profit After Tax | 411,693 | 177,768 | 161,368 | 38,809 | -140,084 | -53,792 | -203,451 | 896,395 | 471,734 | 248,866 | 299,308 | 117,909 | 63,860 | 29,821 | 161,352 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 411,693 | 177,768 | 161,368 | 38,809 | -140,084 | -53,792 | -203,451 | 896,395 | 471,734 | 248,866 | 299,308 | 117,909 | 63,860 | 29,821 | 161,352 |
| Employee Costs | 2,151,599 | 2,084,264 | 1,926,952 | 2,137,414 | 2,170,298 | 2,057,388 | 1,817,217 | 1,772,953 | 1,749,095 | 1,630,696 | 1,489,612 | 1,365,976 | 1,435,980 | 1,441,107 | 1,411,887 |
| Number Of Employees | 45 | 43 | 43 | 43 | 48 | 46 | 44 | 42 | 42 | 38 | 37 | 36 | 37 | 37 | 37 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 2,649,158 | 2,774,130 | 2,981,849 | 2,991,551 | 3,254,419 | 2,734,232 | 2,880,156 | 3,049,317 | 1,540,233 | 1,620,078 | 1,578,015 | 1,496,154 | 1,440,971 | 1,513,386 | 1,492,483 |
| Intangible Assets | 2,400 | 4,800 | 7,200 | 9,600 | 12,000 | ||||||||||
| Investments & Other | 1,559,302 | 475,000 | 475,000 | 525,000 | 525,000 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 4,208,460 | 2,774,130 | 2,981,849 | 2,991,551 | 3,254,419 | 2,734,232 | 2,880,156 | 3,049,317 | 1,540,233 | 1,622,478 | 1,582,815 | 1,978,354 | 1,925,571 | 2,050,386 | 2,017,483 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 438,088 | 446,463 | 471,919 | 392,835 | 507,720 | 488,492 | 662,537 | 671,690 | 471,420 | 551,199 | 636,316 | 402,765 | 278,798 | 297,030 | 176,214 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 164,410 | 183,613 | 115,538 | 155,835 | 85,362 | 117,188 | 110,478 | 144,277 | 53,977 | 47,533 | 32,315 | 62,214 | 76,043 | 61,434 | 61,497 |
| Cash | 68,139 | 144,190 | 107,109 | 115,718 | 2,876,340 | 3,639,758 | 3,255,893 | 3,353,451 | 3,758,490 | 2,946,856 | 2,219,498 | 2,248,877 | 2,144,920 | 1,977,418 | 2,191,624 |
| misc current assets | 1,169,189 | 2,477,173 | 2,472,463 | 3,076,780 | 400,000 | ||||||||||
| total current assets | 1,839,826 | 3,251,439 | 3,167,029 | 3,741,168 | 3,469,422 | 4,245,438 | 4,028,908 | 4,169,418 | 4,283,887 | 3,545,588 | 3,288,129 | 2,713,856 | 2,499,761 | 2,335,882 | 2,429,335 |
| total assets | 6,048,286 | 6,025,569 | 6,148,878 | 6,732,719 | 6,723,841 | 6,979,670 | 6,909,064 | 7,218,735 | 5,824,120 | 5,168,066 | 4,870,944 | 4,692,210 | 4,425,332 | 4,386,268 | 4,446,818 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 520,849 | 796,159 | 861,184 | 901,467 | 874,971 | 957,093 | 931,394 | 1,041,200 | 662,612 | 412,934 | 414,907 | 478,889 | 342,042 | 279,558 | 436,992 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 384,490 | 387,458 | 457,330 | 1,038,969 | 337,696 | 371,319 | 272,620 | 269,034 | 149,402 | 214,760 | 164,531 | 146,123 | 134,001 | 171,281 | 104,218 |
| total current liabilities | 905,339 | 1,183,617 | 1,318,514 | 1,940,436 | 1,212,667 | 1,328,412 | 1,204,014 | 1,310,234 | 812,014 | 627,694 | 579,438 | 625,012 | 476,043 | 450,839 | 541,210 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 1,061,492 | 2,599,016 | 2,765,196 | 2,888,483 | |||||||||||
| total liabilities | 1,966,831 | 3,782,633 | 4,083,710 | 4,828,919 | 1,212,667 | 1,328,412 | 1,204,014 | 1,310,234 | 812,014 | 627,694 | 579,438 | 625,012 | 476,043 | 450,839 | 541,210 |
| net assets | 4,081,455 | 2,242,936 | 2,065,168 | 1,903,800 | 5,511,174 | 5,651,258 | 5,705,050 | 5,908,501 | 5,012,106 | 4,540,372 | 4,291,506 | 4,067,198 | 3,949,289 | 3,935,429 | 3,905,608 |
| total shareholders funds | 4,081,455 | 2,242,936 | 2,065,168 | 1,903,800 | 5,511,174 | 5,651,258 | 5,705,050 | 5,908,501 | 5,012,106 | 4,540,372 | 4,291,506 | 4,067,198 | 3,949,289 | 3,935,429 | 3,905,608 |
| Mar 2024 | 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 | |||||||||||||||
| Depreciation | 334,087 | 332,062 | 313,680 | 299,817 | 374,717 | 353,419 | 378,290 | 231,753 | 188,684 | 200,822 | 190,344 | 143,593 | 179,082 | 157,776 | 153,052 |
| Amortisation | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | ||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -27,578 | 42,619 | 38,787 | -44,412 | -12,598 | -167,335 | -42,952 | 290,570 | -73,335 | -69,899 | 203,652 | 110,138 | -3,623 | 120,753 | 237,711 |
| Creditors | -275,310 | -65,025 | -40,283 | 26,496 | -82,122 | 25,699 | -109,806 | 378,588 | 249,678 | -1,973 | -63,982 | 136,847 | 62,484 | -157,434 | 436,992 |
| Accruals and Deferred Income | -2,968 | -69,872 | -581,639 | 701,273 | -33,623 | 98,699 | 3,586 | 119,632 | -65,358 | 50,229 | 18,408 | 12,122 | -37,280 | 67,063 | 104,218 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -215,987 | -184,379 | -1,728,265 | -106,488 | |||||||||||
| Change in Investments | 1,559,302 | -475,000 | -50,000 | 525,000 | |||||||||||
| cash flow from investments | -1,559,302 | -215,987 | -184,379 | -1,728,265 | -106,488 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 1,426,826 | -3,646,183 | -75,000 | -50,000 | 3,744,256 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -76,051 | 37,081 | -8,609 | -2,760,622 | -763,418 | 383,865 | -97,558 | -405,039 | 811,634 | 727,358 | -29,379 | 103,957 | 167,502 | -214,206 | 2,191,624 |
| overdraft | |||||||||||||||
| change in cash | -76,051 | 37,081 | -8,609 | -2,760,622 | -763,418 | 383,865 | -97,558 | -405,039 | 811,634 | 727,358 | -29,379 | 103,957 | 167,502 | -214,206 | 2,191,624 |
midland group training services limited Credit Report and Business Information
Midland Group Training Services Limited Competitor Analysis
Perform a competitor analysis for midland group training services limited by selecting its closest rivals, whether from the EDUCATION sector, other small companies, companies in CV1 area or any other competitors across 12 key performance metrics.
midland group training services limited Ownership
MIDLAND GROUP TRAINING SERVICES LIMITED group structure
Midland Group Training Services Limited has 1 subsidiary company.
Ultimate parent company
MIDLAND GROUP TRAINING SERVICES LIMITED
00984899
1 subsidiary
midland group training services limited directors
Midland Group Training Services Limited currently has 8 directors. The longest serving directors include Mr Giles Lawton (Sep 2003) and Mr Anthony Watson (Nov 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Giles Lawton | England | 55 years | Sep 2003 | - | Director |
| Mr Anthony Watson | 72 years | Nov 2008 | - | Director | |
| Mr Kevan Kane | 60 years | Nov 2011 | - | Director | |
| Mrs Tracy Reynolds | 59 years | Mar 2019 | - | Director | |
| Mr Daniel Montgomery | United Kingdom | 34 years | May 2020 | - | Director |
| Mrs Carolyn Bell | England | 52 years | Oct 2021 | - | Director |
| Mr Neil Foster | 48 years | May 2023 | - | Director | |
| Mrs Jill Mustard | 61 years | May 2024 | - | Director |
P&L
March 2024turnover
4.8m
+8%
operating profit
543.4k
0%
gross margin
63.3%
-0.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
4.1m
+0.82%
total assets
6m
0%
cash
68.1k
-0.53%
net assets
Total assets minus all liabilities
midland group training services limited company details
company number
00984899
Type
Private Ltd By Guarantee w/o Share Cap
industry
85590 - Other education n.e.c.
94110 - Activities of business and employers membership organisations
incorporation date
July 1970
age
55
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
LUCKMANS DUCKETT PARKER LIMITED
address
gulson road, coventry, west midlands, CV1 2JG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
midland group training 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 found 2 charges/mortgages relating to midland group training services limited. Currently there are 2 open charges and 0 have been satisfied in the past.
midland group training services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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midland group training services limited Companies House Filings - See Documents
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