miren limited

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miren limited Company Information

Share MIREN LIMITED

Company Number

01004173

Shareholders

wagama estates limited

Group Structure

View All

Industry

Buying and selling of own real estate

 +1

Registered Address

zetland house, 5-25 scrutton street, london, EC2A 4HJ

miren limited Estimated Valuation

£850.8k

Pomanda estimates the enterprise value of MIREN LIMITED at £850.8k based on a Turnover of £378.1k and 2.25x industry multiple (adjusted for size and gross margin).

miren limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MIREN LIMITED at £0 based on an EBITDA of £-958 and a 4.63x industry multiple (adjusted for size and gross margin).

miren limited Estimated Valuation

£204.4k

Pomanda estimates the enterprise value of MIREN LIMITED at £204.4k based on Net Assets of £121.5k and 1.68x industry multiple (adjusted for liquidity).

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Miren Limited Overview

Miren Limited is a live company located in london, EC2A 4HJ with a Companies House number of 01004173. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 1971, it's largest shareholder is wagama estates limited with a 100% stake. Miren Limited is a mature, micro sized company, Pomanda has estimated its turnover at £378.1k with healthy growth in recent years.

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Miren Limited Health Check

Pomanda's financial health check has awarded Miren Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £378.1k, make it smaller than the average company (£873.4k)

£378.1k - Miren Limited

£873.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4%)

10% - Miren Limited

4% - Industry AVG

production

Production

with a gross margin of 30.2%, this company has a higher cost of product (71.5%)

30.2% - Miren Limited

71.5% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (28.2%)

-0.2% - Miren Limited

28.2% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (4)

2 - Miren Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.4k, the company has an equivalent pay structure (£35.4k)

£35.4k - Miren Limited

£35.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £189k, this is equally as efficient (£189k)

£189k - Miren Limited

£189k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 120 days, this is later than average (28 days)

120 days - Miren Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (35 days)

5 days - Miren Limited

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Miren Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Miren Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 3.8%, this is a lower level of debt than the average (63.2%)

3.8% - Miren Limited

63.2% - Industry AVG

MIREN LIMITED financials

EXPORTms excel logo

Miren Limited's latest turnover from March 2024 is estimated at £378.1 thousand and the company has net assets of £121.5 thousand. According to their latest financial statements, Miren Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover378,092368,042284,340283,297329,2521,435,4931,488,4452,842,3255981,0929,00627,79425,599115,24759,728
Other Income Or Grants
Cost Of Sales263,910258,241201,548202,997240,3291,020,8771,049,9711,991,6164218016,71820,79919,17587,22145,270
Gross Profit114,181109,80282,79380,30088,923414,616438,474850,7091772922,2886,9956,42428,02714,458
Admin Expenses115,13997,90083,40576,037492,586447,181861,0931,246,193421,37897,5689,612-160,194-69,371-34,908-2,285,830
Operating Profit-95811,902-6124,263-403,663-32,565-422,619-395,484-421,201-97,276-7,324167,18975,79562,9352,300,288
Interest Payable
Interest Receivable242946328011,2621,4671,417797
Pre-Tax Profit-95811,902-6124,263-403,663-32,565-422,619-395,460-420,907-96,644-6,523168,45177,26264,3512,301,085
Tax-2,261-810-40,428-20,088-18,018-644,304
Profit After Tax-9589,641-6123,453-403,663-32,565-422,619-395,460-420,907-96,644-6,523128,02357,17446,3331,656,781
Dividends Paid
Retained Profit-9589,641-6123,453-403,663-32,565-422,619-395,460-420,907-96,644-6,523128,02357,17446,3331,656,781
Employee Costs70,89166,17333,04131,24366,13265,55861,25660,36431,92930,52230,21928,54428,27328,39828,765
Number Of Employees221122221111111
EBITDA*-95811,902-6124,263-403,663-32,565-422,619-395,484-421,201-97,276-7,324167,18976,21763,3572,300,711

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,6001,6001,6001,6001,6002,2002,2002,2002,4002,50011,35012,15012,15012,57213,194
Intangible Assets
Investments & Other9,0089,0089,00810,00010,00010,000
Debtors (Due After 1 year)
Total Fixed Assets1,6001,6001,6001,6001,6002,2002,2002,20011,40811,50820,35822,15022,15022,57213,194
Stock & work in progress4503,259292,3391,661,1911,359,0231,359,2731,359,273
Trade Debtors124,604130,570114,324115,261112,622530,172548,862992,5322,76032,80012,385
Group Debtors1,354,0641,714,3871,374,591
Misc Debtors80,00080,00080,85072,800
Cash19,09398,577154,045166,204338,761247,986318,697
misc current assets8,557
total current assets124,604130,570114,324115,261112,622530,172548,862992,5321,373,6071,816,2231,900,9751,910,1551,778,6341,712,8591,698,912
total assets126,204132,170115,924116,861114,222532,372551,062994,7321,385,0151,827,7311,921,3331,932,3051,800,7841,735,4311,712,106
Bank overdraft
Bank loan
Trade Creditors 4,0008,7582,6532,6584,29218,7794,90425,9551,2301,6401,8678208209,08344,234
Group/Directors Accounts4,79710,4453,6186188,1556,2836,718
other short term finances
hp & lease commitments
other current liabilities14,65130,40233,96042,45631,42116,8514,273
total current liabilities4,0008,7582,6532,6584,29218,7794,90425,95520,67842,48739,44543,89440,39632,21755,225
loans
hp & lease commitments
Accruals and Deferred Income7501,000500820
other liabilities
provisions
total long term liabilities7501,000500820
total liabilities4,7509,7583,1533,4784,29218,7794,90425,95520,67842,48739,44543,89440,39632,21755,225
net assets121,454122,412112,771113,383109,930513,593546,158968,7771,364,3371,785,2441,881,8881,888,4111,760,3881,703,2141,656,881
total shareholders funds121,454122,412112,771113,383109,930513,593546,158968,7771,364,3371,785,2441,881,8881,888,4111,760,3881,703,2141,656,881
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-95811,902-6124,263-403,663-32,565-422,619-395,484-421,201-97,276-7,324167,18975,79562,9352,300,288
Depreciation422422423
Amortisation
Tax-2,261-810-40,428-20,088-18,018-644,304
Stock-450-2,809-289,080-1,368,852302,168-2501,359,273
Debtors-5,96616,246-9372,639-417,550-18,690-443,670-361,532-360,323259,7961,371,8311,910-24,75093,21512,385
Creditors-4,7586,105-5-1,634-14,48713,875-21,05124,725-410-2271,047-8,263-35,15144,234
Accruals and Deferred Income-250500-320820-14,651-15,751-3,558-8,49611,03514,57012,5784,273
Deferred Taxes & Provisions
Cash flow from operations-600-23,428-74,230-71,777-17,752-166,28287,436-70,449333,256
Investing Activities
capital expenditure6002001008,850800200-13,617
Change in Investments-9,008-99210,000
cash flow from investments6009,2081008,8501,792-9,800-13,617
Financing Activities
Bank loans
Group/Directors Accounts-4,797-5,6486,8273,000-7,5371,872-4356,718
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-100100
interest242946328011,2621,4671,417797
cash flow from financing-4,873-5,3547,4593,801-6,2753,3399827,615
cash and cash equivalents
cash-19,093-79,484-55,468-12,159-172,55790,775-70,711318,697
overdraft
change in cash-19,093-79,484-55,468-12,159-172,55790,775-70,711318,697

miren 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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Miren Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for miren limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.

miren limited Ownership

MIREN LIMITED group structure

Miren Limited has no subsidiary companies.

Ultimate parent company

1 parent

MIREN LIMITED

01004173

MIREN LIMITED Shareholders

wagama estates limited 100%

miren limited directors

Miren Limited currently has 2 directors. The longest serving directors include Mrs Jacqueline Katz (Jul 1991) and Mr Stuart Katz (Jul 1991).

officercountryagestartendrole
Mrs Jacqueline KatzEngland80 years Jul 1991- Director
Mr Stuart Katz81 years Jul 1991- Director

P&L

March 2024

turnover

378.1k

+3%

operating profit

-958

0%

gross margin

30.2%

+1.22%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

121.5k

-0.01%

total assets

126.2k

-0.05%

cash

0

0%

net assets

Total assets minus all liabilities

miren limited company details

company number

01004173

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

March 1971

age

54

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

zetland house, 5-25 scrutton street, london, EC2A 4HJ

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

miren 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 42 charges/mortgages relating to miren limited. Currently there are 1 open charges and 41 have been satisfied in the past.

miren 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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miren limited Companies House Filings - See Documents

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