Mitchells (gloucester) Limited

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mitchells (gloucester) limited Company Information

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Company Number

01072866

Website

www.mitchells-glos.co.uk

Registered Address

88 bristol road, gloucester, GL1 5XA

Industry

Electrical installation

Plumbing, heat and air-conditioning installation

Telephone

01452302206

Next Accounts Due

September 2025

Group Structure

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Directors

Garrion Leeds28 Years

Shareholders

l c mitchell & company (gloucester) ltd 100%

mitchells (gloucester) limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of MITCHELLS (GLOUCESTER) LIMITED at £2.1m based on Net Assets of £644.6k and 3.23x industry multiple (adjusted for liquidity).

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Mitchells (gloucester) Limited is a live company located in gloucester, GL1 5XA with a Companies House number of 01072866. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in September 1972, it's largest shareholder is l c mitchell & company (gloucester) ltd with a 100% stake. Mitchells (gloucester) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mitchells (Gloucester) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £4.2m, make it larger than the average company (£722.5k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8%)

EXPORT

Mitchells (Gloucester) Limited's latest turnover from December 2023 is estimated at £4.2 million and the company has net assets of £644.6 thousand. According to their latest financial statements, Mitchells (Gloucester) Limited has 37 employees and maintains cash reserves of £660.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,205,713	3,248,255	3,329,317	3,152,938	5,320,615	3,325,672	2,426,633	2,738,109	2,788,245	3,008,617	2,899,944	3,014,936	2,859,483	2,092,981	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,479,618	2,699,327	2,789,557	2,615,427	4,361,388	2,716,192	1,955,872	2,202,125	2,250,573	2,431,757	2,332,487	2,383,301	2,242,315	1,597,947	0
Gross Profit	726,095	548,929	539,759	537,511	959,227	609,480	470,761	535,984	537,673	576,860	567,457	631,635	617,168	495,034	0
Admin Expenses	721,575	528,729	498,881	498,802	949,555	597,171	419,287	488,727	493,161	506,670	558,253	619,385	610,135	502,960	-426,160
Operating Profit	4,520	20,200	40,878	38,709	9,672	12,309	51,474	47,257	44,512	70,190	9,204	12,250	7,033	-7,926	426,160
Interest Payable	0	0	0	0	0	376	3,799	3,866	585	0	0	0	0	0	0
Interest Receivable	29,306	18,210	1,243	287	1,571	1,942	752	403	1,670	2,297	2,203	1,733	735	12	8
Pre-Tax Profit	33,827	38,410	42,121	38,996	11,243	13,875	48,427	43,794	45,598	72,487	11,408	13,983	7,768	-7,914	426,168
Tax	-8,457	-7,298	-8,003	-7,409	-2,136	-2,636	-9,201	-8,759	-9,119	-15,222	-2,624	-3,356	-2,020	0	-119,327
Profit After Tax	25,370	31,112	34,118	31,587	9,107	11,239	39,226	35,035	36,478	57,265	8,784	10,627	5,748	-7,914	306,841
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	25,370	31,112	34,118	31,587	9,107	11,239	39,226	35,035	36,478	57,265	8,784	10,627	5,748	-7,914	306,841
Employee Costs	1,355,636	1,391,992	1,458,026	1,495,936	1,706,664	1,569,414	1,376,113	1,401,235	1,369,553	446,428	443,727	468,075	508,364	418,172	0
Number Of Employees	37	37	39	40	45	41	38	37	36	12	12	13	14	12	0
EBITDA*	4,520	20,200	40,878	38,709	9,672	12,309	51,474	47,257	44,512	70,190	9,204	12,250	7,033	-7,926	426,160

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	309,145	259,214	244,939	212,273	231,221	212,381	180,701	132,973	130,203	115,069	112,278	94,329	86,577	73,541	68,867
Trade Debtors	1,028,476	823,631	916,269	799,393	1,621,235	888,081	751,752	965,336	918,218	758,910	684,530	750,792	759,970	642,479	605,394
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	108,290	35,473	0	0	0	0	0	0	0
Cash	660,675	511,575	529,007	465,295	109,403	309,586	208,405	92,369	230,092	437,983	480,946	400,451	292,581	1,329	3,374
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,998,296	1,594,420	1,690,215	1,476,961	1,961,859	1,410,048	1,249,148	1,226,151	1,278,513	1,311,962	1,277,754	1,245,572	1,139,128	717,349	677,635
total assets	1,998,296	1,594,420	1,690,215	1,476,961	1,961,859	1,410,048	1,249,148	1,226,151	1,278,513	1,311,962	1,277,754	1,245,572	1,139,128	717,349	677,635
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	17,988	0	0	0	0	0	0
Trade Creditors	1,353,673	975,167	1,102,074	922,938	1,439,423	896,719	405,250	269,459	297,612	920,611	943,668	920,270	824,453	408,422	360,794
Group/Directors Accounts	0	0	0	0	0	0	125,206	171,805	347,938	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	11,152	105,738	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	205,450	216,285	187,146	0	0	0	0	0	0
total current liabilities	1,353,673	975,167	1,102,074	922,938	1,439,423	896,719	747,058	763,287	850,684	920,611	943,668	920,270	824,453	408,422	360,794
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,353,673	975,167	1,102,074	922,938	1,439,423	896,719	747,058	763,287	850,684	920,611	943,668	920,270	824,453	408,422	360,794
net assets	644,623	619,253	588,141	554,023	522,436	513,329	502,090	462,864	427,829	391,351	334,086	325,302	314,675	308,927	316,841
total shareholders funds	644,623	619,253	588,141	554,023	522,436	513,329	502,090	462,864	427,829	391,351	334,086	325,302	314,675	308,927	316,841

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	4,520	20,200	40,878	38,709	9,672	12,309	51,474	47,257	44,512	70,190	9,204	12,250	7,033	-7,926	426,160
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,457	-7,298	-8,003	-7,409	-2,136	-2,636	-9,201	-8,759	-9,119	-15,222	-2,624	-3,356	-2,020	0	-119,327
Stock	49,931	14,275	32,666	-18,948	18,840	31,680	47,728	2,770	15,134	2,791	17,949	7,752	13,036	4,674	68,867
Debtors	204,845	-92,638	116,876	-821,842	733,154	28,039	-140,767	82,591	159,308	74,380	-66,262	-9,178	117,491	37,085	605,394
Creditors	378,506	-126,907	179,136	-516,485	542,704	491,469	135,791	-28,153	-622,999	-23,057	23,398	95,817	416,031	47,628	360,794
Accruals and Deferred Income	0	0	0	0	0	-205,450	-10,835	29,139	187,146	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	119,793	-35,642	62,469	355,605	-201,754	235,973	260,268	-45,877	-574,902	-45,260	78,291	106,137	290,517	-2,057	-6,634
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	-17,988	17,988	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-125,206	-46,599	-176,133	347,938	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-11,152	-94,586	105,738	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	29,306	18,210	1,243	287	1,571	1,566	-3,047	-3,463	1,085	2,297	2,203	1,733	735	12	8
cash flow from financing	29,306	18,210	1,243	287	1,571	-134,792	-144,232	-91,846	367,011	2,297	2,203	1,733	735	12	10,008
cash and cash equivalents
cash	149,100	-17,432	63,712	355,892	-200,183	101,181	116,036	-137,723	-207,891	-42,963	80,495	107,870	291,252	-2,045	3,374
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	149,100	-17,432	63,712	355,892	-200,183	101,181	116,036	-137,723	-207,891	-42,963	80,495	107,870	291,252	-2,045	3,374

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MITCHELLS (GLOUCESTER) LIMITED group structure

Mitchells (Gloucester) Limited has no subsidiary companies.

Ultimate parent company

L. C. MITCHELL AND COMPANY (GLOUCESTER) LIMITED

00384817

1 parent

MITCHELLS (GLOUCESTER) LIMITED

01072866

MITCHELLS (GLOUCESTER) LIMITED Shareholders

l c mitchell & company (gloucester) ltd

100%

Mitchells (Gloucester) Limited currently has 1 director, Mr Garrion Leeds serving since Feb 1996.

officer	country	age	start	end	role
Mr Garrion Leeds		54 years	Feb 1996	-	Director

P&L

December 2023

turnover

4.2m

+29%

operating profit

4.5k

gross margin

17.3%

+2.16%

turnover

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

Balance Sheet

December 2023

net assets

644.6k

+0.04%

total assets

+0.25%

cash

660.7k

+0.29%

net assets

Total assets minus all liabilities

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company number

01072866

Type

Private limited with Share Capital

industry

43210 - Electrical installation

43220 - Plumbing, heat and air-conditioning installation

incorporation date

September 1972

age

accounts

Unaudited Abridged

ultimate parent company

L. C. MITCHELL AND COMPANY (GLOUCESTER) LIMITED

previous names

mitchells electrical limited (January 1989)

incorporated

address

88 bristol road, gloucester, GL1 5XA

last accounts submitted

December 2023

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 mitchells (gloucester) limited.

mitchells (gloucester) limited Company Information

mitchells (gloucester) limited Estimated Valuation

mitchells (gloucester) limited Estimated Valuation

mitchells (gloucester) limited Estimated Valuation

Mitchells (gloucester) Limited Overview

Mitchells (gloucester) Limited Health Check

MITCHELLS (GLOUCESTER) LIMITED financials

mitchells (gloucester) limited Credit Report and Business Information

Mitchells (gloucester) Limited Competitor Analysis

mitchells (gloucester) limited Ownership

mitchells (gloucester) limited directors

mitchells (gloucester) limited company details

mitchells (gloucester) limited Charges & Mortgages

mitchells (gloucester) limited Companies House Filings - See Documents