Milden Steels Limited

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milden steels limited Company Information

Live

MatureMidHealthy

Company Number

01268805

Website

www.mildensteels.com

Registered Address

arthur drive, hoo farm industrial estate, kidderminster, worcestershire, DY11 7RA

Industry

Other business support service activities n.e.c.

Telephone

0156266615

Next Accounts Due

March 2025

Group Structure

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Directors

Dean Jones21 Years

Shareholders

mr dean wilfred evan jones 100%

milden steels limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of MILDEN STEELS LIMITED at £5.4m based on a Turnover of £8.2m and 0.66x industry multiple (adjusted for size and gross margin).

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Milden Steels Limited is a live company located in kidderminster, DY11 7RA with a Companies House number of 01268805. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 1976, it's largest shareholder is mr dean wilfred evan jones with a 100% stake. Milden Steels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Milden Steels Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £8.2m, make it larger than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.6%)

EXPORT

Milden Steels Limited's latest turnover from June 2023 is estimated at £8.2 million and the company has net assets of £117.1 thousand. According to their latest financial statements, Milden Steels Limited has 30 employees and maintains cash reserves of £101.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	8,236,075	7,964,005	9,661,092	5,540,727	5,864,950	7,362,303	7,718,511	7,403,451	8,875,577	10,066,247	9,764,098	7,025,311	6,186,293	6,179,460
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,105,160	4,902,928	6,106,167	3,441,136	3,684,778	4,570,303	4,692,061	4,632,545	5,632,947	6,457,567	6,160,601	4,334,302	3,724,079	3,732,109
Gross Profit	3,130,915	3,061,076	3,554,925	2,099,591	2,180,173	2,792,000	3,026,450	2,770,906	3,242,630	3,608,681	3,603,497	2,691,009	2,462,214	2,447,351
Admin Expenses	3,066,982	2,776,611	3,573,558	2,285,508	2,302,153	2,834,017	3,019,535	2,975,425	3,231,548	3,519,872	3,645,128	2,686,437	2,432,802	1,956,121
Operating Profit	63,933	284,465	-18,633	-185,917	-121,980	-42,017	6,915	-204,519	11,082	88,809	-41,631	4,572	29,412	491,230
Interest Payable	14,581	1,526	0	134	148	0	0	0	0	0	0	0	0	0
Interest Receivable	2,992	592	38	6	96	84	52	155	338	388	240	407	589	270
Pre-Tax Profit	52,344	283,531	-18,595	-186,045	-122,033	-41,933	6,968	-204,364	11,420	89,197	-41,391	4,980	30,001	491,500
Tax	-13,086	-53,871	0	0	0	0	-1,393	0	-2,398	-20,515	0	-1,295	-8,400	-137,620
Profit After Tax	39,258	229,660	-18,595	-186,045	-122,033	-41,933	5,574	-204,364	9,022	68,682	-41,391	3,685	21,601	353,880
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,258	229,660	-18,595	-186,045	-122,033	-41,933	5,574	-204,364	9,022	68,682	-41,391	3,685	21,601	353,880
Employee Costs	1,437,782	1,298,924	1,022,619	1,008,240	1,202,725	1,232,660	1,269,428	2,023,572	2,467,846	2,846,997	2,689,264	1,958,211	1,756,300	1,648,831
Number Of Employees	30	29	24	24	29	32	33	53	65	75	73	53	49	41
EBITDA*	107,539	312,222	10,895	-132,636	-68,699	-831	47,378	-163,948	53,844	126,334	-12,188	25,083	49,654	514,203

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	295,025	182,109	155,275	159,945	178,510	215,613	252,698	208,902	243,801	244,785	220,982	118,557	121,047	133,453
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	295,025	182,109	155,275	159,945	178,510	215,613	252,698	208,902	243,801	244,785	220,982	118,557	121,047	133,453
Stock & work in progress	913,158	954,099	861,186	486,144	605,864	584,822	630,597	362,526	466,888	479,482	579,820	408,684	463,207	360,104
Trade Debtors	1,298,838	1,285,419	1,278,109	570,060	850,179	993,942	1,060,904	908,210	1,120,634	1,223,499	1,149,943	924,575	796,202	848,219
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,552	252	0	0	8,649	0	0	0	0	0	0	0	0	0
Cash	101,853	17,814	76,859	40	12,452	13,040	20,442	21,343	40,666	94,661	60,693	35,270	127,652	108,021
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,315,401	2,257,584	2,216,154	1,056,244	1,477,144	1,591,804	1,711,943	1,292,079	1,628,188	1,797,642	1,790,456	1,368,529	1,387,061	1,316,344
total assets	2,610,426	2,439,693	2,371,429	1,216,189	1,655,654	1,807,417	1,964,641	1,500,981	1,871,989	2,042,427	2,011,438	1,487,086	1,508,108	1,449,797
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	47,206	7,906	0	0	4,395	0	0	0	0	0	0	0	0	0
Trade Creditors	1,173,273	1,422,540	2,481,579	1,349,411	997,064	1,591,223	1,655,021	1,191,618	1,413,161	1,603,512	1,649,610	1,092,356	1,117,063	1,078,433
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	1,089,208	892,341	0	0	601,372	0	0	0	0	0	0	0	0	0
total current liabilities	2,309,687	2,322,787	2,481,579	1,349,411	1,602,831	1,591,223	1,655,021	1,191,618	1,413,161	1,603,512	1,649,610	1,092,356	1,117,063	1,078,433
loans	175,807	34,188	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	41,667	0	0	15,562	51,443	67,528	8,100	0	0	0	0	0
provisions	7,831	4,875	0	0	0	25,776	41,388	30,620	35,149	32,358	23,953	15,464	15,464	17,384
total long term liabilities	183,638	39,063	41,667	0	0	41,338	92,831	98,148	43,249	32,358	23,953	15,464	15,464	17,384
total liabilities	2,493,325	2,361,850	2,523,246	1,349,411	1,602,831	1,632,561	1,747,852	1,289,766	1,456,410	1,635,870	1,673,563	1,107,820	1,132,527	1,095,817
net assets	117,101	77,843	-151,817	-133,222	52,823	174,856	216,789	211,215	415,579	406,557	337,875	379,266	375,581	353,980
total shareholders funds	117,101	77,843	-151,817	-133,222	52,823	174,856	216,789	211,215	415,579	406,557	337,875	379,266	375,581	353,980

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	63,933	284,465	-18,633	-185,917	-121,980	-42,017	6,915	-204,519	11,082	88,809	-41,631	4,572	29,412	491,230
Depreciation	43,606	27,757	29,528	53,281	53,281	41,186	40,463	40,571	42,762	37,525	29,443	20,511	20,242	22,973
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,086	-53,871	0	0	0	0	-1,393	0	-2,398	-20,515	0	-1,295	-8,400	-137,620
Stock	-40,941	92,913	375,042	-119,720	21,042	-45,775	268,071	-104,362	-12,594	-100,338	171,136	-54,523	103,103	360,104
Debtors	14,719	7,562	708,049	-288,768	-135,114	-66,962	152,694	-212,424	-102,865	73,556	225,368	128,373	-52,017	848,219
Creditors	-249,267	-1,059,039	1,132,168	352,347	-594,159	-63,798	463,403	-221,543	-190,351	-46,098	557,254	-24,707	38,630	1,078,433
Accruals and Deferred Income	196,867	892,341	0	-601,372	601,372	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	2,956	4,875	0	0	-25,776	-15,612	10,768	-4,529	2,791	8,405	8,489	0	-1,920	17,384
Cash flow from operations	71,231	-3,947	59,972	26,827	26,810	32,496	99,391	-73,234	-20,655	94,908	157,051	-74,769	26,878	264,077
Investing Activities
capital expenditure	-156,522	-54,591	-24,858	-34,716	-16,178	-4,101	-84,259	-5,672	-41,778	-61,328	-131,868	-18,021	-7,836	-156,426
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-156,522	-54,591	-24,858	-34,716	-16,178	-4,101	-84,259	-5,672	-41,778	-61,328	-131,868	-18,021	-7,836	-156,426
Financing Activities
Bank loans	39,300	7,906	0	-4,395	4,395	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	141,619	34,188	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
other long term liabilities	0	-41,667	41,667	0	-15,562	-35,881	-16,085	59,428	8,100	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-11,589	-934	38	-128	-52	84	52	155	338	388	240	407	589	270
cash flow from financing	169,330	-507	41,705	-4,523	-11,219	-35,797	-16,033	59,583	8,438	388	240	407	589	370
cash and cash equivalents
cash	84,039	-59,045	76,819	-12,412	-588	-7,402	-901	-19,323	-53,995	33,968	25,423	-92,382	19,631	108,021
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	84,039	-59,045	76,819	-12,412	-588	-7,402	-901	-19,323	-53,995	33,968	25,423	-92,382	19,631	108,021

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILDEN STEELS LIMITED group structure

Milden Steels Limited has no subsidiary companies.

Ultimate parent company

MILDEN STEELS LIMITED

01268805

MILDEN STEELS LIMITED Shareholders

mr dean wilfred evan jones

100%

Milden Steels Limited currently has 1 director, Mr Dean Jones serving since Sep 2002.

officer	country	age	start	end	role
Mr Dean Jones	England	53 years	Sep 2002	-	Director

P&L

June 2023

turnover

8.2m

+3%

operating profit

63.9k

gross margin

38.1%

-1.1%

turnover

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

Balance Sheet

June 2023

net assets

117.1k

+0.5%

total assets

2.6m

+0.07%

cash

101.9k

+4.72%

net assets

Total assets minus all liabilities

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company number

01268805

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 1976

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

arthur drive, hoo farm industrial estate, kidderminster, worcestershire, DY11 7RA

last accounts submitted

June 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 found 6 charges/mortgages relating to milden steels limited. Currently there are 4 open charges and 2 have been satisfied in the past.

milden steels limited Company Information

milden steels limited Estimated Valuation

milden steels limited Estimated Valuation

milden steels limited Estimated Valuation

Milden Steels Limited Overview

Milden Steels Limited Health Check

MILDEN STEELS LIMITED financials

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milden steels limited Ownership

milden steels limited directors

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milden steels limited Charges & Mortgages

milden steels limited Companies House Filings - See Documents