Mills Cnc Limited

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mills cnc limited Company Information

Company Number

01156673

Next Accounts

Sep 2025

Directors

Tony Dale

Kevin Gilbert

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Shareholders

ensco 1066 ltd

Group Structure

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Industry

Manufacture of other fabricated metal products n.e.c.

Registered Address

units 2 & 3 tachbrook link, tachbrook park drive, leamington spa, warwickshire, CV34 6SN

Website

www.millscnc.co.uk

mills cnc limited Estimated Valuation

£89.7m

Pomanda estimates the enterprise value of MILLS CNC LIMITED at £89.7m based on a Turnover of £76.4m and 1.17x industry multiple (adjusted for size and gross margin).

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Mills Cnc Limited is a live company located in leamington spa, CV34 6SN with a Companies House number of 01156673. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in January 1974, it's largest shareholder is ensco 1066 ltd with a 100% stake. Mills Cnc Limited is a mature, large sized company, Pomanda has estimated its turnover at £76.4m with high growth in recent years.

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Pomanda's financial health check has awarded Mills Cnc Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £76.4m, make it larger than the average company (£14.5m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8%)

EXPORT

Mills Cnc Limited's latest turnover from December 2023 is £76.4 million and the company has net assets of £21 million. According to their latest financial statements, Mills Cnc Limited has 134 employees and maintains cash reserves of £4.7 million 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	76,412,702	68,412,136	54,017,140	40,771,256	54,193,202	56,045,849	44,827,909	34,907,103	43,011,831	62,975,383	56,675,702	52,423,718	46,929,491	27,342,738	26,589,288
Other Income Or Grants
Cost Of Sales	50,239,278	46,327,411	36,196,171	27,496,102	35,707,409	37,852,173	30,686,126	24,784,472	30,287,771	45,055,457	40,508,845	37,843,525	34,850,192	19,850,838	19,527,429
Gross Profit	26,173,424	22,084,725	17,820,969	13,275,154	18,485,793	18,193,676	14,141,783	10,122,631	12,724,060	17,919,926	16,166,857	14,580,193	12,079,299	7,491,900	7,061,859
Admin Expenses	17,448,429	15,438,152	12,319,897	10,649,913	12,645,981	11,396,112	9,878,709	8,609,417	9,712,803	11,814,910	9,725,816	9,026,078	8,096,060	5,385,582	4,901,669
Operating Profit	8,724,995	6,646,573	5,501,072	2,625,241	5,839,812	6,797,564	4,263,074	1,513,214	3,011,257	6,105,016	6,441,041	5,554,115	3,983,239	2,106,318	2,160,190
Interest Payable	968,355	982,510	778,148	598,532	802,194	846,575	665,810	308,559	176,551	757,051	662,939	744,529	508,042	387,774	232,665
Interest Receivable								957	252,238	275,696	9,394	834	2,308		440
Pre-Tax Profit	7,756,640	5,664,063	4,722,924	2,026,709	5,037,618	5,950,989	3,597,264	1,205,612	3,086,944	5,623,661	5,787,496	4,810,420	3,477,505	1,718,544	1,927,965
Tax	-1,672,296	-711,438	-334,825	-134,386	-765,476	-943,554	-595,512	-20,633	-412,168	-596,790	-1,357,853	-1,147,784	-927,049	-499,654	-453,610
Profit After Tax	6,084,344	4,952,625	4,388,099	1,892,323	4,272,142	5,007,435	3,001,752	1,184,979	2,674,776	5,026,871	4,429,643	3,662,636	2,550,456	1,218,890	1,474,355
Dividends Paid	4,000,000	3,000,000	4,600,000			6,000,000	5,000,000	3,000,000	4,200,000	4,500,000	1,750,000			900,000	500,000
Retained Profit	2,084,344	1,952,625	-211,901	1,892,323	4,272,142	-992,565	-1,998,248	-1,815,021	-1,525,224	526,871	2,679,643	3,662,636	2,550,456	318,890	974,355
Employee Costs	11,733,299	10,026,046	8,269,125	7,391,197	8,615,322	7,548,206	6,467,691	5,404,748	6,353,108	7,958,875	6,778,807	5,990,552	5,256,813	3,202,619	3,002,343
Number Of Employees	134	118	112	108	108	99	91	90	96	99	88	78	70	66	65
EBITDA*	8,954,315	6,859,082	5,700,948	2,809,595	5,990,186	6,892,594	4,405,679	1,746,110	3,273,787	6,356,106	6,582,155	5,687,559	4,118,858	2,232,640	2,284,290

* 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	1,021,474	525,483	550,410	584,256	597,985	370,662	311,947	363,888	579,048	843,276	539,577	248,204	275,615	258,433	293,385
Intangible Assets
Investments & Other														1,000	1,000
Debtors (Due After 1 year)	557,863	525,218	458,306
Total Fixed Assets	1,579,337	1,050,701	1,008,716	584,256	597,985	370,662	311,947	363,888	579,048	843,276	539,577	248,204	275,615	259,433	294,385
Stock & work in progress	19,993,147	16,582,484	10,740,240	12,572,776	16,843,746	15,118,714	10,517,583	11,019,994	12,906,746	15,285,286	14,981,996	14,112,540	9,619,251	6,597,372	5,509,614
Trade Debtors	4,313,519	8,779,903	6,919,227	4,121,969	4,228,686	6,993,964	6,592,872	3,203,340	2,587,455	4,502,222	4,437,888	2,483,200	4,519,867	4,243,585	2,749,660
Group Debtors	15,950,926	15,743,957	15,803,900	14,934,374	13,392,480	11,386,650	12,964,529	15,469,973	16,480,231	17,766,776	18,222,069	12,940,364	9,524,564	9,593,473	8,263,858
Misc Debtors	1,068,440	734,535	415,476	732,532	543,460	508,335	567,769	695,661	595,080	642,384	341,196	339,429	681,081	805,501	653,743
Cash	4,692,954	5,903,992	3,205,157	1,424,811	583,209	2,073,291	1,228,818	1,515	1,047,586	861,053	2,159,958	1,294,402	2,260,230	395,914	4,767
misc current assets
total current assets	46,018,986	47,744,871	37,084,000	33,786,462	35,591,581	36,080,954	31,871,571	30,390,483	33,617,098	39,057,721	40,143,107	31,169,935	26,604,993	21,635,845	17,181,642
total assets	47,598,323	48,795,572	38,092,716	34,370,718	36,189,566	36,451,616	32,183,518	30,754,371	34,196,146	39,900,997	40,682,684	31,418,139	26,880,608	21,895,278	17,476,027
Bank overdraft			326	326	2	2	2	85,454		1,647					754,697
Bank loan
Trade Creditors	18,059,010	17,960,366	12,908,107	11,217,287	14,230,582	16,252,613	12,147,782	11,794,193	12,283,509	12,766,764	11,102,671	10,275,550	8,918,236	8,158,196	5,994,045
Group/Directors Accounts	1,218,144	1,219,836	1,226,328	980,021	986,566	967,626	770,305	694,544	665,871	701,869	2,408,135	533,658	524,619	1,614,483	714,483
other short term finances								475,377	977,044	984,335	979,376	625,256	508,143	392,320	500,911
hp & lease commitments														9,258	27,031
other current liabilities	5,619,604	8,767,619	5,990,132	4,153,665	4,719,967	6,500,518	5,915,218	2,517,713	2,877,458	5,238,028	6,943,214	3,958,564	5,474,786	3,641,677	1,256,568
total current liabilities	24,896,758	27,947,821	20,124,893	16,351,299	19,937,117	23,720,759	18,833,307	15,567,281	16,803,882	19,692,643	21,433,396	15,393,028	15,425,784	13,815,934	9,247,735
loans
hp & lease commitments															9,258
Accruals and Deferred Income
other liabilities
provisions	1,682,833	2,227,486	1,367,420	1,207,115	1,332,468	2,083,018	1,709,807	1,548,438	1,938,591	3,229,457	2,979,300	2,616,766	1,754,115	929,091	1,387,671
total long term liabilities	1,682,833	2,227,486	1,367,420	1,207,115	1,332,468	2,083,018	1,709,807	1,548,438	1,938,591	3,229,457	2,979,300	2,616,766	1,754,115	929,091	1,396,929
total liabilities	26,579,591	30,175,307	21,492,313	17,558,414	21,269,585	25,803,777	20,543,114	17,115,719	18,742,473	22,922,100	24,412,696	18,009,794	17,179,899	14,745,025	10,644,664
net assets	21,018,732	18,620,265	16,600,403	16,812,304	14,919,981	10,647,839	11,640,404	13,638,652	15,453,673	16,978,897	16,269,988	13,408,345	9,700,709	7,150,253	6,831,363
total shareholders funds	21,018,732	18,620,265	16,600,403	16,812,304	14,919,981	10,647,839	11,640,404	13,638,652	15,453,673	16,978,897	16,269,988	13,408,345	9,700,709	7,150,253	6,831,363

	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	8,724,995	6,646,573	5,501,072	2,625,241	5,839,812	6,797,564	4,263,074	1,513,214	3,011,257	6,105,016	6,441,041	5,554,115	3,983,239	2,106,318	2,160,190
Depreciation	229,320	212,509	199,876	184,354	150,374	95,030	142,605	232,896	262,530	251,090	141,114	133,444	135,619	126,322	124,100
Amortisation
Tax	-1,672,296	-711,438	-334,825	-134,386	-765,476	-943,554	-595,512	-20,633	-412,168	-596,790	-1,357,853	-1,147,784	-927,049	-499,654	-453,610
Stock	3,410,663	5,842,244	-1,832,536	-4,270,970	1,725,032	4,601,131	-502,411	-1,886,752	-2,378,540	303,290	869,456	4,493,289	3,021,879	1,087,758	5,509,614
Debtors	-3,892,865	2,186,704	3,808,034	1,624,249	-724,323	-1,236,221	756,196	-293,792	-3,248,616	-89,771	7,238,160	1,037,481	82,953	2,975,298	11,667,261
Creditors	98,644	5,052,259	1,690,820	-3,013,295	-2,022,031	4,104,831	353,589	-489,316	-483,255	1,664,093	827,121	1,357,314	760,040	2,164,151	5,994,045
Accruals and Deferred Income	-3,148,015	2,777,487	1,836,467	-566,302	-1,780,551	585,300	3,397,505	-359,745	-2,360,570	-1,705,186	2,984,650	-1,516,222	1,833,109	2,385,109	1,256,568
Deferred Taxes & Provisions	-544,653	860,066	160,305	-125,353	-750,550	373,211	161,369	-390,153	-1,290,866	250,157	362,534	862,651	825,024	-458,580	1,387,671
Cash flow from operations	4,170,197	6,808,508	7,078,217	1,616,980	-329,131	7,647,472	7,468,845	2,666,807	4,354,084	5,754,861	1,290,991	-287,252	3,505,150	1,760,610	-6,707,911
Investing Activities
capital expenditure	-725,311	-187,582	-166,030	-170,625	-377,697	-153,745	-90,664	-17,736	1,698	-554,789	-432,487	-106,033	-152,801	-91,370	-417,485
Change in Investments													-1,000		1,000
cash flow from investments	-725,311	-187,582	-166,030	-170,625	-377,697	-153,745	-90,664	-17,736	1,698	-554,789	-432,487	-106,033	-151,801	-91,370	-418,485
Financing Activities
Bank loans
Group/Directors Accounts	-1,692	-6,492	246,307	-6,545	18,940	197,321	75,761	28,673	-35,998	-1,706,266	1,874,477	9,039	-1,089,864	900,000	714,483
Other Short Term Loans							-475,377	-501,667	-7,291	4,959	354,120	117,113	115,823	-108,591	500,911
Long term loans
Hire Purchase and Lease Commitments													-9,258	-27,031	36,289
other long term liabilities
share issue	314,123	67,237								182,038	182,000	45,000			5,857,008
interest	-968,355	-982,510	-778,148	-598,532	-802,194	-846,575	-665,810	-307,602	75,687	-481,355	-653,545	-743,695	-505,734	-387,774	-232,225
cash flow from financing	-655,924	-921,765	-531,841	-605,077	-783,254	-649,254	-1,065,426	-780,596	32,398	-2,000,624	1,757,052	-572,543	-1,489,033	376,604	6,876,466
cash and cash equivalents
cash	-1,211,038	2,698,835	1,780,346	841,602	-1,490,082	844,473	1,227,303	-1,046,071	186,533	-1,298,905	865,556	-965,828	1,864,316	391,147	4,767
overdraft		-326		324			-85,452	85,454	-1,647	1,647				-754,697	754,697
change in cash	-1,211,038	2,699,161	1,780,346	841,278	-1,490,082	844,473	1,312,755	-1,131,525	188,180	-1,300,552	865,556	-965,828	1,864,316	1,145,844	-749,930

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILLS CNC LIMITED group structure

Mills Cnc Limited has no subsidiary companies.

Ultimate parent company

ENSCO 1772 LIMITED

13399442

ENSCO 1066 LIMITED

08976175

2 parents

MILLS CNC LIMITED

01156673

MILLS CNC LIMITED Shareholders

ensco 1066 ltd

100%

Mills Cnc Limited currently has 4 directors. The longest serving directors include Mr Tony Dale (Jun 2014) and Mr Kevin Gilbert (Jun 2014).

officer	country	age	start	end	role
Mr Tony Dale	England	56 years	Jun 2014	-	Director
Mr Kevin Gilbert	England	67 years	Jun 2014	-	Director
Mr Andrew Knight	England	53 years	Oct 2015	-	Director
Mr Heath Redman	England	58 years	Oct 2020	-	Director

P&L

December 2023

turnover

76.4m

+12%

operating profit

8.7m

+31%

gross margin

34.3%

+6.11%

turnover

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

Balance Sheet

December 2023

net assets

21m

+0.13%

total assets

47.6m

-0.02%

cash

4.7m

-0.21%

net assets

Total assets minus all liabilities

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company number

01156673

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

January 1974

ultimate parent company

ENSCO 1772 LIMITED

previous names

mills manufacturing technology limited (January 2009)

mills marketing services limited (August 1992)

address

units 2 & 3 tachbrook link, tachbrook park drive, leamington spa, warwickshire, CV34 6SN

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 36 charges/mortgages relating to mills cnc limited. Currently there are 8 open charges and 28 have been satisfied in the past.

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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mills cnc limited Company Information

mills cnc limited Estimated Valuation

mills cnc limited Estimated Valuation

mills cnc limited Estimated Valuation

Mills Cnc Limited Overview

Mills Cnc Limited Health Check

MILLS CNC LIMITED financials

mills cnc limited Credit Report and Business Information

Mills Cnc Limited Competitor Analysis

mills cnc limited Ownership

mills cnc limited directors

mills cnc limited company details

mills cnc limited Charges & Mortgages

mills cnc limited Capital Raised & Share Issues BETA

mills cnc limited Companies House Filings - See Documents