mit incorporated uk limited
mit incorporated uk limited Company Information
Company Number
01077221
Website
www.mitpress.mit.eduRegistered Address
first floor west,, davidson house, reading, berkshire, RG1 3EU
Industry
Other business support service activities n.e.c.
Telephone
441243843294
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
mit international inc. 100%
mit incorporated uk limited Estimated Valuation
Pomanda estimates the enterprise value of MIT INCORPORATED UK LIMITED at £221.6k based on a Turnover of £402.9k and 0.55x industry multiple (adjusted for size and gross margin).
mit incorporated uk limited Estimated Valuation
Pomanda estimates the enterprise value of MIT INCORPORATED UK LIMITED at £488.7k based on an EBITDA of £113.3k and a 4.31x industry multiple (adjusted for size and gross margin).
mit incorporated uk limited Estimated Valuation
Pomanda estimates the enterprise value of MIT INCORPORATED UK LIMITED at £741.1k based on Net Assets of £326.8k and 2.27x industry multiple (adjusted for liquidity).
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Mit Incorporated Uk Limited Overview
Mit Incorporated Uk Limited is a live company located in reading, RG1 3EU with a Companies House number of 01077221. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 1972, it's largest shareholder is mit international inc. with a 100% stake. Mit Incorporated Uk Limited is a mature, micro sized company, Pomanda has estimated its turnover at £402.9k with declining growth in recent years.
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Mit Incorporated Uk Limited Health Check
Pomanda's financial health check has awarded Mit Incorporated Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £402.9k, make it smaller than the average company (£3.6m)
- Mit Incorporated Uk Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -48%, show it is growing at a slower rate (4.6%)
- Mit Incorporated Uk Limited
4.6% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Mit Incorporated Uk Limited
38.2% - Industry AVG
Profitability
an operating margin of 28.1% make it more profitable than the average company (6.2%)
- Mit Incorporated Uk Limited
6.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (23)
5 - Mit Incorporated Uk Limited
23 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
- Mit Incorporated Uk Limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £80.6k, this is less efficient (£152.5k)
- Mit Incorporated Uk Limited
£152.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mit Incorporated Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (33 days)
- Mit Incorporated Uk Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mit Incorporated Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is average cash available to meet short term requirements (25 weeks)
28 weeks - Mit Incorporated Uk Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.4%, this is a lower level of debt than the average (61%)
18.4% - Mit Incorporated Uk Limited
61% - Industry AVG
mit incorporated uk limited Credit Report and Business Information
Mit Incorporated Uk Limited Competitor Analysis
Perform a competitor analysis for mit incorporated uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mit incorporated uk limited Ownership
MIT INCORPORATED UK LIMITED group structure
Mit Incorporated Uk Limited has no subsidiary companies.
Ultimate parent company
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
#0018284
MIT INTERNATIONAL INC
#0111511
2 parents
MIT INCORPORATED UK LIMITED
01077221
mit incorporated uk limited directors
Mit Incorporated Uk Limited currently has 2 directors. The longest serving directors include Ms Jodi Kessler (Feb 2023) and Ms Magdalene Lee (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jodi Kessler | United States | 45 years | Feb 2023 | - | Director |
| Ms Magdalene Lee | United States | 61 years | Feb 2023 | - | Director |
MIT INCORPORATED UK LIMITED financials
Mit Incorporated Uk Limited's latest turnover from June 2023 is estimated at £402.9 thousand and the company has net assets of £326.8 thousand. According to their latest financial statements, Mit Incorporated Uk Limited has 5 employees and maintains cash reserves of £40.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,398,545 | 2,825,080 | 2,911,025 | 2,787,071 | 2,697,013 | 2,713,457 | 2,583,634 | 2,450,569 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 2,693,848 | 1,744,290 | 1,771,097 | 1,695,181 | 1,643,537 | 1,674,334 | 1,605,049 | 1,521,941 | ||||||
| Gross Profit | 1,704,697 | 1,080,790 | 1,139,928 | 1,091,890 | 1,053,476 | 1,039,123 | 978,585 | 928,628 | ||||||
| Admin Expenses | 1,374,793 | 1,137,996 | 1,160,847 | 1,051,703 | 884,769 | 920,527 | 879,488 | 999,490 | ||||||
| Operating Profit | 329,904 | -57,206 | -20,919 | 40,187 | 168,707 | 118,596 | 99,097 | -70,862 | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Interest Receivable | 207 | 286 | 208 | 73 | 96 | 75 | 242 | 62 | ||||||
| Pre-Tax Profit | 330,111 | -56,920 | -20,711 | 40,260 | 168,803 | 118,671 | 99,339 | -70,800 | ||||||
| Tax | -54,470 | 3,380 | 0 | -3,877 | -19 | -15 | -50 | 0 | ||||||
| Profit After Tax | 275,641 | -53,540 | -20,711 | 36,383 | 168,784 | 118,656 | 99,289 | -70,800 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 275,641 | -53,540 | -20,711 | 36,383 | 168,784 | 118,656 | 99,289 | -70,800 | ||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 5 | 7 | 6 | 6 | 4 | 4 | 6 | 4 | ||||||
| EBITDA* | 329,904 | -55,268 | -15,931 | 45,845 | 173,364 | 123,135 | 101,543 | -70,446 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,938 | 6,926 | 12,584 | 14,511 | 15,003 | 1,210 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 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 | 1,938 | 6,926 | 12,584 | 14,511 | 15,003 | 1,210 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 22,911 | 657,255 | 1,183,773 | 940,510 | 1,457,508 | 941,183 | 846,102 | 802,727 | 777,164 | 745,855 | 727,477 | 431,207 |
| Group Debtors | 357,597 | 209,583 | 109,061 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,592 | 10,965 | 24,245 | 92,266 | 67,891 | 80,727 | 69,819 | 72,178 | 54,134 | 47,894 | 47,209 | 78,256 | 62,992 | 54,639 |
| Cash | 40,267 | 63,030 | 69,237 | 622,949 | 340,610 | 278,147 | 470,176 | 354,434 | 87,316 | 133,946 | 117,481 | 131,871 | 53,708 | 75,252 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 400,456 | 283,578 | 225,454 | 1,372,470 | 1,592,274 | 1,299,384 | 1,997,503 | 1,367,795 | 987,552 | 984,567 | 941,854 | 955,982 | 844,177 | 561,098 |
| total assets | 400,456 | 283,578 | 225,454 | 1,372,470 | 1,592,274 | 1,299,384 | 1,997,503 | 1,367,795 | 989,490 | 991,493 | 954,438 | 970,493 | 859,180 | 562,308 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,644 | 3,904 | 117,250 | 126,958 | 261,905 | 294,155 | 290,416 | 234,722 | 205,292 | 174,732 | 162,519 | 161,460 | 122,731 | 905 |
| Group/Directors Accounts | 0 | 0 | 0 | 933,820 | 854,296 | 584,693 | 1,450,590 | 1,203,337 | 840,025 | 400,000 | 200,000 | 200,000 | 200,000 | 200,000 |
| other short term finances | 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 |
| other current liabilities | 71,029 | 39,828 | 52,187 | 87,279 | 97,677 | 104,492 | 106,591 | 55,471 | 16,368 | 23,772 | 21,404 | 20,129 | 29,669 | 139,825 |
| total current liabilities | 73,673 | 43,732 | 169,437 | 1,148,057 | 1,213,878 | 983,340 | 1,847,597 | 1,493,530 | 1,061,685 | 598,504 | 383,923 | 381,589 | 352,400 | 340,730 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 444,473 | 658,382 | 845,555 | 882,087 | 696,174 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 444,473 | 658,382 | 845,555 | 882,087 | 696,174 |
| total liabilities | 73,673 | 43,732 | 169,437 | 1,148,057 | 1,213,878 | 983,340 | 1,847,597 | 1,493,530 | 1,061,685 | 1,042,977 | 1,042,305 | 1,227,144 | 1,234,487 | 1,036,904 |
| net assets | 326,783 | 239,846 | 56,017 | 224,413 | 378,396 | 316,044 | 149,906 | -125,735 | -72,195 | -51,484 | -87,867 | -256,651 | -375,307 | -474,596 |
| total shareholders funds | 326,783 | 239,846 | 56,017 | 224,413 | 378,396 | 316,044 | 149,906 | -125,735 | -72,195 | -51,484 | -87,867 | -256,651 | -375,307 | -474,596 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 329,904 | -57,206 | -20,919 | 40,187 | 168,707 | 118,596 | 99,097 | -70,862 | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,938 | 4,988 | 5,658 | 4,657 | 4,539 | 2,446 | 416 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -54,470 | 3,380 | 0 | -3,877 | -19 | -15 | -50 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 139,641 | 64,331 | -593,304 | -502,143 | 230,427 | -506,090 | 513,966 | 113,125 | 49,615 | 26,248 | 262 | 33,642 | 304,623 | 485,846 |
| Creditors | -1,260 | -113,346 | -9,708 | -134,947 | -32,250 | 3,739 | 55,694 | 29,430 | 30,560 | 12,213 | 1,059 | 38,729 | 121,826 | 905 |
| Accruals and Deferred Income | 31,201 | -12,359 | -35,092 | -10,398 | -6,815 | -2,099 | 51,120 | 39,103 | -7,404 | 2,368 | 1,275 | -9,540 | -110,156 | 139,825 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -131,718 | -96,480 | -42,390 | 30,301 | 175,417 | 118,667 | -191,460 | -415,562 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -933,820 | 79,524 | 269,603 | -865,897 | 247,253 | 363,312 | 440,025 | 200,000 | 0 | 0 | 0 | 200,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -444,473 | -213,909 | -187,173 | -36,532 | 185,913 | 696,174 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | 207 | 286 | 208 | 73 | 96 | 75 | 242 | 62 | ||||||
| cash flow from financing | 247,460 | 363,598 | -4,240 | -13,836 | -187,077 | -36,457 | 186,155 | 492,440 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | -22,763 | -6,207 | -553,712 | 282,339 | 62,463 | -192,029 | 115,742 | 267,118 | -46,630 | 16,465 | -14,390 | 78,163 | -21,544 | 75,252 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -22,763 | -6,207 | -553,712 | 282,339 | 62,463 | -192,029 | 115,742 | 267,118 | -46,630 | 16,465 | -14,390 | 78,163 | -21,544 | 75,252 |
P&L
June 2023turnover
402.9k
-19%
operating profit
113.3k
0%
gross margin
38.2%
-0.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
326.8k
+0.36%
total assets
400.5k
+0.41%
cash
40.3k
-0.36%
net assets
Total assets minus all liabilities
Similar Companies
mit incorporated uk limited company details
company number
01077221
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 1972
age
52
accounts
Small Company
ultimate parent company
previous names
m.i.t. press limited(the) (June 2023)
incorporated
UK
address
first floor west,, davidson house, reading, berkshire, RG1 3EU
last accounts submitted
June 2023
mit incorporated uk 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 mit incorporated uk limited.
mit incorporated uk limited Companies House Filings - See Documents
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