Midland Handling Equipment Limited

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midland handling equipment limited Company Information

Live

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Company Number

01096847

Next Accounts

Nov 2025

Industry

Manufacture of lifting and handling equipment

Directors

Christopher Bown

Richard Deacon

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Shareholders

r2d2 conveyors limited

Group Structure

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Contact

Registered Address

midland handling equipment limit, stretton road, leicester, LE8 9GN

Website

http://mhel.co.uk

midland handling equipment limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of MIDLAND HANDLING EQUIPMENT LIMITED at £2.3m based on Net Assets of £1m and 2.18x industry multiple (adjusted for liquidity).

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Midland Handling Equipment Limited is a live company located in leicester, LE8 9GN with a Companies House number of 01096847. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in February 1973, it's largest shareholder is r2d2 conveyors limited with a 100% stake. Midland Handling Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Midland Handling Equipment Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £2m, make it smaller than the average company (£15.4m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (9.1%)

EXPORT

Midland Handling Equipment Limited's latest turnover from February 2024 is estimated at £2 million and the company has net assets of £1 million. According to their latest financial statements, Midland Handling Equipment Limited has 16 employees and maintains cash reserves of £268.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,024,838	1,489,417	1,510,226	1,769,929	1,723,545	1,432,621	1,563,910	1,332,856	1,422,064	1,932,791	1,187,866	1,874,232	1,065,916	698,212	1,015,124
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,422,407	1,067,792	1,033,786	1,255,968	1,202,635	999,830	1,089,657	936,108	981,800	1,350,676	823,095	1,296,494	731,791	481,791	693,582
Gross Profit	602,431	421,624	476,440	513,961	520,910	432,791	474,253	396,748	440,264	582,115	364,772	577,738	334,125	216,421	321,543
Admin Expenses	591,087	479,401	256,969	412,805	414,759	316,137	442,146	380,834	507,576	644,353	315,861	554,895	246,249	144,085	-396,429
Operating Profit	11,344	-57,777	219,471	101,156	106,151	116,654	32,107	15,914	-67,312	-62,238	48,911	22,843	87,876	72,336	717,972
Interest Payable	16,423	10,402	1,625	229	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	16,648	29,456	5,240	794	6,002	6,033	3,305	1,549	2,928	3,142	3,272	3,442	2,850	2,137	982
Pre-Tax Profit	11,569	-38,722	223,086	101,721	112,153	122,686	35,412	17,463	-64,384	-59,096	52,183	26,286	90,726	74,474	718,954
Tax	-2,892	0	-42,386	-19,327	-21,309	-23,310	-6,728	-3,492	0	0	-12,002	-6,309	-23,589	-20,853	-201,307
Profit After Tax	8,677	-38,722	180,700	82,394	90,844	99,376	28,684	13,970	-64,384	-59,096	40,181	19,977	67,137	53,621	517,647
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,677	-38,722	180,700	82,394	90,844	99,376	28,684	13,970	-64,384	-59,096	40,181	19,977	67,137	53,621	517,647
Employee Costs	768,263	832,460	824,199	834,567	837,525	810,467	740,321	792,143	742,513	555,373	307,041	449,545	282,681	208,383	265,195
Number Of Employees	16	18	19	20	20	20	19	20	19	14	8	12	8	6	8
EBITDA*	20,325	-46,498	228,933	109,180	114,696	124,754	37,384	19,650	-60,329	-54,824	56,712	30,637	96,689	80,352	724,443

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	36,312	45,293	56,572	49,071	43,726	46,396	28,390	7,173	11,182	16,195	19,336	20,518	14,834	23,387	19,469
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	36,312	45,293	56,572	49,071	43,726	46,396	28,390	7,173	11,182	16,195	19,336	20,518	14,834	23,387	19,469
Stock & work in progress	157,563	198,235	178,776	151,893	182,333	140,939	97,812	68,803	74,723	53,724	53,621	45,798	47,708	63,161	61,658
Trade Debtors	443,522	159,012	247,002	350,191	336,826	183,275	303,598	129,214	251,402	414,741	288,983	415,258	226,596	164,849	199,171
Group Debtors	994,172	934,711	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,952	8,997	4,011	11,578	3,949	8,420	4,906	17,001	4,614	0	0	0	3,662	0	17,895
Cash	268,377	365,816	1,106,999	989,002	599,085	1,001,467	607,285	714,746	524,245	646,871	609,871	699,062	677,850	461,951	392,960
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,865,586	1,666,771	1,536,788	1,502,664	1,122,193	1,334,101	1,013,601	929,764	854,984	1,115,336	952,475	1,160,118	955,816	689,961	671,684
total assets	1,901,898	1,712,064	1,593,360	1,551,735	1,165,919	1,380,497	1,041,991	936,937	866,166	1,131,531	971,811	1,180,636	970,650	713,348	691,153
Bank overdraft	39,441	43,483	8,500	7,500	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	0
Trade Creditors	118,272	203,055	114,155	168,552	89,199	153,634	113,203	206,634	90,005	490,345	271,257	520,461	332,145	141,066	173,406
Group/Directors Accounts	0	0	6,063	0	30,680	9,262	54,665	26,269	3,709	0	0	0	0	0	0
other short term finances	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
other current liabilities	607,173	299,918	348,921	433,626	229,972	491,935	251,358	114,087	196,361	0	0	0	0	0	0
total current liabilities	764,886	546,456	477,639	609,678	349,851	654,831	419,226	346,990	290,075	490,345	271,257	520,461	332,145	141,066	173,406
loans	86,985	122,048	34,000	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	42,500	0	0	0	0	0	0	0	0	0	0	0
provisions	8,921	11,131	10,570	9,106	8,011	8,453	4,928	794	908	1,619	1,891	1,693	0	914	0
total long term liabilities	95,906	133,179	44,570	51,606	8,011	8,453	4,928	794	908	1,619	1,891	1,693	0	914	0
total liabilities	860,792	679,635	522,209	661,284	357,862	663,284	424,154	347,784	290,983	491,964	273,148	522,154	332,145	141,980	173,406
net assets	1,041,106	1,032,429	1,071,151	890,451	808,057	717,213	617,837	589,153	575,183	639,567	698,663	658,482	638,505	571,368	517,747
total shareholders funds	1,041,106	1,032,429	1,071,151	890,451	808,057	717,213	617,837	589,153	575,183	639,567	698,663	658,482	638,505	571,368	517,747

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	11,344	-57,777	219,471	101,156	106,151	116,654	32,107	15,914	-67,312	-62,238	48,911	22,843	87,876	72,336	717,972
Depreciation	8,981	11,279	9,462	8,024	8,545	8,100	5,277	3,736	6,983	7,414	7,801	7,794	8,813	8,016	6,471
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,892	0	-42,386	-19,327	-21,309	-23,310	-6,728	-3,492	0	0	-12,002	-6,309	-23,589	-20,853	-201,307
Stock	-40,672	19,459	26,883	-30,440	41,394	43,127	29,009	-5,920	20,999	103	7,823	-1,910	-15,453	1,503	61,658
Debtors	336,926	851,707	-110,756	20,994	149,080	-116,809	162,289	-109,801	-158,725	125,758	-126,275	185,000	65,409	-52,217	217,066
Creditors	-84,783	88,900	-54,397	79,353	-64,435	40,431	-93,431	116,629	-400,340	219,088	-249,204	188,316	191,079	-32,340	173,406
Accruals and Deferred Income	307,255	-49,003	-84,705	203,654	-261,963	240,577	137,271	-82,274	196,361	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,210	561	1,464	1,095	-442	3,525	4,134	-114	-711	-272	198	1,693	-914	914	0
Cash flow from operations	-58,559	-877,206	132,782	383,401	-423,927	459,659	-112,668	166,120	-127,293	38,131	-85,844	31,247	213,309	78,787	417,818
Investing Activities
capital expenditure	0	0	-16,963	-13,369	-5,875	-26,106	-26,494	273	-1,970	-4,273	-6,619	-13,478	-260	-11,934	-25,940
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-16,963	-13,369	-5,875	-26,106	-26,494	273	-1,970	-4,273	-6,619	-13,478	-260	-11,934	-25,940
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-6,063	6,063	-30,680	21,418	-45,403	28,396	22,560	3,709	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-35,063	88,048	34,000	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	-42,500	42,500	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	100
interest	225	19,054	3,615	565	6,002	6,033	3,305	1,549	2,928	3,142	3,272	3,442	2,850	2,137	982
cash flow from financing	-34,838	101,039	1,178	12,385	27,420	-39,370	31,701	24,109	6,637	3,142	3,272	3,442	2,850	2,137	1,082
cash and cash equivalents
cash	-97,439	-741,183	117,997	389,917	-402,382	394,182	-107,461	190,501	-122,626	37,000	-89,191	21,212	215,899	68,991	392,960
overdraft	-4,042	34,983	1,000	7,500	0	0	0	0	0	0	0	0	0	0	0
change in cash	-93,397	-776,166	116,997	382,417	-402,382	394,182	-107,461	190,501	-122,626	37,000	-89,191	21,212	215,899	68,991	392,960

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDLAND HANDLING EQUIPMENT LIMITED group structure

Midland Handling Equipment Limited has no subsidiary companies.

Ultimate parent company

MIDLAND HANDLING EQUIPMENT LIMITED

01096847

MIDLAND HANDLING EQUIPMENT LIMITED Shareholders

r2d2 conveyors limited

100%

Midland Handling Equipment Limited currently has 3 directors. The longest serving directors include Mr Christopher Bown (Jun 2016) and Mr Richard Deacon (Jun 2016).

officer	country	age	start	end	role
Mr Christopher Bown	England	57 years	Jun 2016	-	Director
Mr Richard Deacon	England	41 years	Jun 2016	-	Director
Mr Matthew Young	England	54 years	Jun 2016	-	Director

P&L

February 2024

turnover

+36%

operating profit

11.3k

gross margin

29.8%

+5.1%

turnover

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

Balance Sheet

February 2024

net assets

+0.01%

total assets

1.9m

+0.11%

cash

268.4k

-0.27%

net assets

Total assets minus all liabilities

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company number

01096847

Type

Private limited with Share Capital

industry

28220 - Manufacture of lifting and handling equipment

incorporation date

February 1973

ultimate parent company

None

previous names

N/A

address

midland handling equipment limit, stretton road, leicester, LE8 9GN

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 handling equipment limited. Currently there are 1 open charges and 1 have been satisfied in the past.

midland handling equipment limited Company Information

midland handling equipment limited Estimated Valuation

midland handling equipment limited Estimated Valuation

midland handling equipment limited Estimated Valuation

Midland Handling Equipment Limited Overview

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MIDLAND HANDLING EQUIPMENT LIMITED financials

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