millcroft services p.l.c.

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millcroft services p.l.c. Company Information

Share MILLCROFT SERVICES P.L.C.

Company Number

01081971

Directors

Roy Jones

Billy Jones

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Shareholders

millcroft holdings limited

lucy jones

Group Structure

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Industry

Scaffold erection

 +1

Registered Address

upper deck admirals quarters, portsmouth road, thames ditton, surrey, KT7 0XA

millcroft services p.l.c. Estimated Valuation

£8.7m

Pomanda estimates the enterprise value of MILLCROFT SERVICES P.L.C. at £8.7m based on a Turnover of £14.7m and 0.59x industry multiple (adjusted for size and gross margin).

millcroft services p.l.c. Estimated Valuation

£18.1m

Pomanda estimates the enterprise value of MILLCROFT SERVICES P.L.C. at £18.1m based on an EBITDA of £3.3m and a 5.56x industry multiple (adjusted for size and gross margin).

millcroft services p.l.c. Estimated Valuation

£19.9m

Pomanda estimates the enterprise value of MILLCROFT SERVICES P.L.C. at £19.9m based on Net Assets of £8.6m and 2.31x industry multiple (adjusted for liquidity).

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Millcroft Services P.l.c. Overview

Millcroft Services P.l.c. is a live company located in thames ditton, KT7 0XA with a Companies House number of 01081971. It operates in the scaffold erection sector, SIC Code 43991. Founded in November 1972, it's largest shareholder is millcroft holdings limited with a 91.2% stake. Millcroft Services P.l.c. is a mature, mid sized company, Pomanda has estimated its turnover at £14.7m with high growth in recent years.

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Millcroft Services P.l.c. Health Check

Pomanda's financial health check has awarded Millcroft Services P.L.C. a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

3 Regular

positive_score

0 Weak

size

Size

annual sales of £14.7m, make it larger than the average company (£5m)

£14.7m - Millcroft Services P.l.c.

£5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (9.1%)

25% - Millcroft Services P.l.c.

9.1% - Industry AVG

production

Production

with a gross margin of 35.6%, this company has a comparable cost of product (30.1%)

35.6% - Millcroft Services P.l.c.

30.1% - Industry AVG

profitability

Profitability

an operating margin of 19.1% make it more profitable than the average company (8.2%)

19.1% - Millcroft Services P.l.c.

8.2% - Industry AVG

employees

Employees

with 84 employees, this is above the industry average (26)

84 - Millcroft Services P.l.c.

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £15.3k, the company has a lower pay structure (£46.3k)

£15.3k - Millcroft Services P.l.c.

£46.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £175.1k, this is equally as efficient (£155.6k)

£175.1k - Millcroft Services P.l.c.

£155.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (59 days)

15 days - Millcroft Services P.l.c.

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 41 days, this is slower than average (30 days)

41 days - Millcroft Services P.l.c.

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Millcroft Services P.l.c.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (17 weeks)

14 weeks - Millcroft Services P.l.c.

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 36.2%, this is a lower level of debt than the average (56.4%)

36.2% - Millcroft Services P.l.c.

56.4% - Industry AVG

MILLCROFT SERVICES P.L.C. financials

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Millcroft Services P.L.C.'s latest turnover from December 2023 is £14.7 million and the company has net assets of £8.6 million. According to their latest financial statements, Millcroft Services P.L.C. has 84 employees and maintains cash reserves of £721 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover14,710,57911,725,74210,980,8887,582,94311,040,85511,825,24611,906,32510,998,23010,284,9718,617,2845,921,5946,178,1085,423,9815,525,9504,449,573
Other Income Or Grants000000000000000
Cost Of Sales9,473,4138,133,6517,702,9105,675,8797,842,3568,299,7828,350,8197,492,1727,395,7136,173,8783,998,8154,466,1624,037,2713,835,0793,205,190
Gross Profit5,237,1663,592,0913,277,9781,907,0643,198,4993,525,4643,555,5063,506,0582,889,2582,443,4061,922,7791,711,9461,386,7101,690,8711,244,383
Admin Expenses2,426,2772,437,2462,161,9022,055,7412,450,4362,275,8761,771,6411,676,1401,833,0971,563,8071,223,5691,228,9741,125,5291,368,9371,056,089
Operating Profit2,810,8891,154,8451,116,076-148,677748,0631,249,5881,783,8651,829,9181,056,161879,599699,210482,972261,181321,934188,294
Interest Payable122,51182,18739,34433,47840,62334,63236,40651,00152,90646,61944,96052,76757,32465,35683,041
Interest Receivable01,403002293,501368019900000513
Pre-Tax Profit2,688,3781,074,0611,669,352-182,155713,6691,212,4571,747,8271,778,9171,003,454832,980654,250430,205203,857256,578105,766
Tax-749,455-165,076-142,845-3,697-165,475-269,999-351,487-406,195-176,157-218,331-151,670-125,312-84,175-106,132-24,701
Profit After Tax1,938,923908,9851,526,507-185,852548,194942,4581,396,3401,372,722827,297614,649502,580304,893119,682150,44681,065
Dividends Paid1,874,064571,733357,589257,3971,283,416287,825340,130845,676460,308159,019152,146124,396117,23590,73199,802
Retained Profit64,859337,2521,168,918-443,249-735,222654,6331,056,210527,046366,989455,630350,434180,4972,44759,715-18,737
Employee Costs1,286,9551,127,8581,077,838937,750978,032908,868675,506607,946839,833551,5762,396,5712,553,3712,701,1122,777,0681,610,971
Number Of Employees848875687477807776656578767670
EBITDA*3,256,8431,560,4131,514,605306,6761,173,6891,596,1172,068,5312,101,1791,324,2771,094,882897,789690,731472,044600,337361,146

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets9,097,7629,020,6549,217,2884,004,2844,105,8733,704,2943,603,7603,520,0263,653,5443,576,5803,469,2983,554,0003,575,1643,581,1303,641,118
Intangible Assets000000000000000
Investments & Other165,000165,000165,000200,000200,000194,000200,00000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets9,262,7629,185,6549,382,2884,204,2844,305,8733,898,2943,803,7603,520,0263,653,5443,576,5803,469,2983,554,0003,575,1643,581,1303,641,118
Stock & work in progress000000000000000
Trade Debtors614,1811,143,2651,000,519551,3021,363,412992,041971,817647,488940,204737,599563,872849,645432,6951,016,126489,890
Group Debtors1,132,9591,285,320952,163571,34878,3990000000000
Misc Debtors1,794,4311,738,3921,264,5551,366,4301,547,7081,671,4831,584,6691,489,0211,345,9881,107,533386,334560,628544,257629,369666,402
Cash721,009179,104212,699475,563198,5651,300,2061,386,0901,082,273564,205164,425470,44416,2367,7678,3628,317
misc current assets000030,6570000000000
total current assets4,262,5804,346,0813,429,9362,964,6433,218,7413,963,7303,942,5763,218,7822,850,3972,009,5571,420,6501,426,509984,7191,653,8571,164,609
total assets13,525,34213,531,73512,812,2247,168,9277,524,6147,862,0247,746,3366,738,8086,503,9415,586,1374,889,9484,980,5094,559,8835,234,9874,805,727
Bank overdraft00000000122,85082,88880,88873,623130,339602,124438,786
Bank loan240,949330,294148,88898,88897,773131,650131,450130,05000078,88882,91985,8570
Trade Creditors 1,083,408868,562797,173730,793842,918656,8191,027,319687,7281,114,784867,811350,453489,981191,704320,000303,374
Group/Directors Accounts0000000000139,36256,981245,175293,48538,501
other short term finances000000000000000
hp & lease commitments420,062393,183419,722265,375270,997101,57979,718146,148153,20797,81670,99987,45370,23179,012113,658
other current liabilities792,901627,724418,866750,113661,044859,521987,6111,105,480828,040691,715579,798794,964497,030473,854583,627
total current liabilities2,537,3202,219,7631,784,6491,845,1691,872,7321,749,5692,226,0982,069,4062,218,8811,740,2301,221,5001,581,8901,217,3981,854,3321,477,946
loans663,7351,158,8021,015,4321,148,844930,5361,028,1771,158,6971,291,6221,424,9211,381,5291,766,7271,850,2091,930,0202,016,3922,056,179
hp & lease commitments320,850311,691495,819259,132366,01293,33832,84397,798145,265120,95054,74150,35984,38874,74367,182
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions1,378,3881,188,6771,200,774358,766355,069255,453247,844255,338217,276212,819172,001173,506184,030147,920122,535
total long term liabilities2,362,9732,659,1702,712,0251,766,7421,651,6171,376,9681,439,3841,644,7581,787,4621,715,2981,993,4692,074,0742,198,4382,239,0552,245,896
total liabilities4,900,2934,878,9334,496,6743,611,9113,524,3493,126,5373,665,4823,714,1644,006,3433,455,5283,214,9693,655,9643,415,8364,093,3873,723,842
net assets8,625,0498,652,8028,315,5503,557,0164,000,2654,735,4874,080,8543,024,6442,497,5982,130,6091,674,9791,324,5451,144,0471,141,6001,081,885
total shareholders funds8,625,0498,652,8028,315,5503,557,0164,000,2654,735,4874,080,8543,024,6442,497,5982,130,6091,674,9791,324,5451,144,0471,141,6001,081,885
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,810,8891,154,8451,116,076-148,677748,0631,249,5881,783,8651,829,9181,056,161879,599699,210482,972261,181321,934188,294
Depreciation445,954405,568398,529455,353425,626346,529284,666271,261268,116215,283198,579207,759210,863278,403172,852
Amortisation000000000000000
Tax-749,455-165,076-142,845-3,697-165,475-269,999-351,487-406,195-176,157-218,331-151,670-125,312-84,175-106,132-24,701
Stock000000000000000
Debtors-625,406949,740728,157-500,439325,995107,038419,977-149,683441,060894,926-460,067433,321-668,543489,2031,156,292
Creditors214,84671,38966,380-112,125186,099-370,500339,591-427,056246,973517,358-139,528298,277-128,29616,626303,374
Accruals and Deferred Income165,177208,858-331,24789,069-198,477-128,090-117,869277,440136,325111,917-215,166297,93423,176-109,773583,627
Deferred Taxes & Provisions189,711-12,097842,0083,69799,6167,609-7,49438,0624,45740,818-1,505-10,52436,11025,385122,535
Cash flow from operations3,702,528713,7471,220,744784,059769,457728,0991,511,2951,733,1131,094,815651,718849,987717,785987,402-62,760189,689
Investing Activities
capital expenditure00000-625,342-638,531-117,163-241,957-331,011-103,785-187,844-214,997-218,981-141,453
Change in Investments00-35,00006,000-6,000200,00000000000
cash flow from investments0035,0000-6,000-619,342-838,531-117,163-241,957-331,011-103,785-187,844-214,997-218,981-141,453
Financing Activities
Bank loans-89,345181,40650,0001,115-33,8772001,400130,05000-78,888-4,031-2,93885,8570
Group/Directors Accounts000000000-139,36282,381-188,194-48,310254,98438,501
Other Short Term Loans 000000000000000
Long term loans-495,067143,370-133,412218,308-97,641-130,520-132,925-133,29943,392-385,198-83,482-79,811-86,372-39,7872,056,179
Hire Purchase and Lease Commitments36,038-210,667391,034-112,502442,09282,356-131,385-54,52679,70693,026-12,072-16,807864-27,085180,840
other long term liabilities000000000000000
share issue-92,61203,589,616000000001001,100,622
interest-122,511-80,784-39,344-33,478-40,394-31,131-36,038-51,001-52,707-46,619-44,960-52,767-57,324-65,356-82,528
cash flow from financing-763,49733,3253,857,89473,443270,180-79,095-298,948-108,77670,391-478,153-137,021-341,609-194,080208,6133,293,614
cash and cash equivalents
cash541,905-33,595-262,864276,998-1,101,641-85,884303,817518,068399,780-306,019454,2088,469-595458,317
overdraft0000000-122,85039,9622,0007,265-56,716-471,785163,338438,786
change in cash541,905-33,595-262,864276,998-1,101,641-85,884303,817640,918359,818-308,019446,94365,185471,190-163,293-430,469

millcroft services p.l.c. 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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Millcroft Services P.l.c. Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for millcroft services p.l.c. by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in KT7 area or any other competitors across 12 key performance metrics.

millcroft services p.l.c. Ownership

MILLCROFT SERVICES P.L.C. group structure

Millcroft Services P.L.C. has no subsidiary companies.

Ultimate parent company

MILLCROFT SERVICES P.L.C.

01081971

MILLCROFT SERVICES P.L.C. Shareholders

millcroft holdings limited 91.23%
lucy jones 8.77%

millcroft services p.l.c. directors

Millcroft Services P.L.C. currently has 4 directors. The longest serving directors include Mr Roy Jones (Jan 1991) and Mr Billy Jones (Mar 2007).

officercountryagestartendrole
Mr Roy Jones78 years Jan 1991- Director
Mr Billy Jones45 years Mar 2007- Director
Sam Jones42 years Oct 2009- Director
Mr Mark Stimpson63 years Feb 2018- Director

P&L

December 2023

turnover

14.7m

+25%

operating profit

2.8m

+143%

gross margin

35.7%

+16.21%

turnover

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

Balance Sheet

December 2023

net assets

8.6m

0%

total assets

13.5m

0%

cash

721k

+3.03%

net assets

Total assets minus all liabilities

millcroft services p.l.c. company details

company number

01081971

Type

Public limited with Share Capital

industry

43991 - Scaffold erection

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

November 1972

age

53

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

millcroft scaffolding(services)limited (June 1991)

house transformations limited (September 1984)

accountant

-

auditor

ALEXANDER JAMES & CO LTD

address

upper deck admirals quarters, portsmouth road, thames ditton, surrey, KT7 0XA

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

millcroft services p.l.c. 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 11 charges/mortgages relating to millcroft services p.l.c.. Currently there are 3 open charges and 8 have been satisfied in the past.

millcroft services p.l.c. 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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millcroft services p.l.c. Companies House Filings - See Documents

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