Milverdene Limited

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milverdene limited Company Information

Live

MatureSmallDeclining

Company Number

01305803

Website

www.milverdene.co.uk

Registered Address

unit b jubilee close, london, NW9 8TR

Industry

Electrical installation

Plumbing, heat and air-conditioning installation

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Telephone

02082013377

Next Accounts Due

February 2025

Group Structure

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Directors

Philip Wagstaff34 Years

Shareholders

philip james wagstaff 50%

mary pauleen wagstaff 50%

milverdene limited Estimated Valuation

£27.3m

Pomanda estimates the enterprise value of MILVERDENE LIMITED at £27.3m based on Net Assets of £10.7m and 2.55x industry multiple (adjusted for liquidity).

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Milverdene Limited is a live company located in london, NW9 8TR with a Companies House number of 01305803. It operates in the development of building projects sector, SIC Code 41100. Founded in March 1977, it's largest shareholder is philip james wagstaff with a 50% stake. Milverdene Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Milverdene Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £1.6m, make it larger than the average company (£906.6k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (5.6%)

EXPORT

Milverdene Limited's latest turnover from May 2023 is estimated at £1.6 million and the company has net assets of £10.7 million. According to their latest financial statements, Milverdene Limited has 28 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,622,469	2,670,371	1,762,790	4,579,726	2,825,936	3,224,646	2,916,108	5,820,311	88,465	86,709	4,106,956	3,688,919	3,554,200	1,929,334
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,387,721	2,270,923	1,511,873	3,875,192	2,364,603	2,695,453	2,413,759	4,808,562	72,568	71,483	3,367,424	3,037,444	2,878,129	1,543,020
Gross Profit	234,748	399,449	250,917	704,534	461,333	529,194	502,348	1,011,749	15,898	15,226	739,532	651,475	676,071	386,313
Admin Expenses	-1,823,673	-1,202,699	-853,329	346,077	-673,744	-528,232	-415,937	-54,971	-56,538	-378,213	558,701	632,318	704,211	-2,783,567
Operating Profit	2,058,421	1,602,148	1,104,246	358,457	1,135,077	1,057,426	918,285	1,066,720	72,436	393,439	180,831	19,157	-28,140	3,169,880
Interest Payable	3,121	0	13,272	27,796	16,072	0	0	21,895	39,355	17,460	0	0	0	0
Interest Receivable	223,166	38,432	2,864	1,796	12,465	10,240	4,024	3,749	1,389	990	329	116	3,105	3,048
Pre-Tax Profit	2,278,465	1,640,580	1,093,838	332,457	1,131,470	1,067,665	922,309	1,048,574	34,470	376,970	181,160	19,272	-25,035	3,172,928
Tax	-569,616	-311,710	-207,829	-63,167	-214,979	-202,856	-175,239	-209,715	-6,894	-79,164	-41,667	-4,625	0	-888,420
Profit After Tax	1,708,849	1,328,870	886,009	269,290	916,491	864,809	747,070	838,859	27,576	297,806	139,493	14,647	-25,035	2,284,508
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,708,849	1,328,870	886,009	269,290	916,491	864,809	747,070	838,859	27,576	297,806	139,493	14,647	-25,035	2,284,508
Employee Costs	1,078,272	1,035,638	1,065,660	1,344,886	1,852,517	1,819,299	1,831,045	1,859,916	38,051	36,606	496,224	483,968	483,257	263,845
Number Of Employees	28	28	29	37	49	49	50	48	1	1	14	14	14	8
EBITDA*	2,126,976	1,646,897	1,144,972	412,654	1,202,361	1,127,859	963,073	1,116,444	106,790	421,574	208,569	41,479	-129	3,205,928

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	3,418,300	3,341,299	3,327,276	3,367,656	3,405,766	1,011,737	931,241	1,172,341	1,128,167	1,111,411	1,113,514	1,099,679	1,120,147	1,060,449
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)	1,504,300	1,448,800	1,322,000	0	1,910,520	1,864,289	1,801,340	0	2,310,006	0	0	0	0	0
Total Fixed Assets	4,922,600	4,790,099	4,649,276	3,367,656	5,316,286	2,876,026	2,732,581	1,172,341	3,438,173	1,111,411	1,113,514	1,099,679	1,120,147	1,060,449
Stock & work in progress	768,247	311,646	143,337	36,620	158,175	141,477	115,949	94,602	88,847	84,019	561,312	598,977	486,141	115,391
Trade Debtors	464,084	526,924	194,600	2,002,712	1,012,301	1,225,359	676,283	2,308,760	0	0	1,523,247	1,387,930	1,390,893	611,959
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	5,584,030	4,334,452	3,351,959	2,376,849	1,214,859	2,109,224	1,986,732	1,232,069	267,562	287,918	108,242	23,306	23,043	1,219,046
misc current assets	123,738	89,543	135,292	103,761	82,746	9,331	7,718	6,415	8,730	2,155,927	7,330	5,804	7,237	69,698
total current assets	6,940,099	5,262,565	3,825,188	4,519,942	2,468,081	3,485,391	2,786,682	3,641,846	365,139	2,527,864	2,200,131	2,016,017	1,907,314	2,016,094
total assets	11,862,699	10,052,664	8,474,464	7,887,598	7,784,367	6,361,417	5,519,263	4,814,187	3,803,312	3,639,275	3,313,645	3,115,696	3,027,461	3,076,543
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	247,006	1,071,647	822,317	686,309	290,518	307,226	803,715	845,709	0	0	509,057	425,601	362,013	401,411
Group/Directors Accounts	5,543	0	0	0	23,466	59,395	0	0	0	0	0	0	0	0
other short term finances	59,451	0	0	0	0	0	0	0	673,693	537,232	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	860,833	0	0	0	497,329	414,439	0	0	0	0	0	0	0	0
total current liabilities	1,172,833	1,071,647	822,317	686,309	811,313	781,060	803,715	845,709	673,693	537,232	509,057	425,601	362,013	401,411
loans	0	0	0	435,151	476,206	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	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	351	25,351	15,351	0
total long term liabilities	0	0	0	435,151	476,206	0	0	0	0	0	351	25,351	15,351	0
total liabilities	1,172,833	1,071,647	822,317	1,121,460	1,287,519	781,060	803,715	845,709	673,693	537,232	509,408	450,952	377,364	401,411
net assets	10,689,866	8,981,017	7,652,147	6,766,138	6,496,848	5,580,357	4,715,548	3,968,478	3,129,619	3,102,043	2,804,237	2,664,744	2,650,097	2,675,132
total shareholders funds	10,689,866	8,981,017	7,652,147	6,766,138	6,496,848	5,580,357	4,715,548	3,968,478	3,129,619	3,102,043	2,804,237	2,664,744	2,650,097	2,675,132

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	2,058,421	1,602,148	1,104,246	358,457	1,135,077	1,057,426	918,285	1,066,720	72,436	393,439	180,831	19,157	-28,140	3,169,880
Depreciation	68,555	44,749	40,726	54,197	67,284	70,433	44,788	49,724	34,354	28,135	27,738	22,322	28,011	36,048
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-569,616	-311,710	-207,829	-63,167	-214,979	-202,856	-175,239	-209,715	-6,894	-79,164	-41,667	-4,625	0	-888,420
Stock	456,601	168,309	106,717	-121,555	16,698	25,528	21,347	5,755	4,828	-477,293	-37,665	112,836	370,750	115,391
Debtors	-7,340	459,124	-486,112	-920,109	-166,827	612,025	168,863	-1,246	2,310,006	-1,523,247	135,317	-2,963	778,934	611,959
Creditors	-824,641	249,330	136,008	395,791	-16,708	-496,489	-41,994	845,709	0	-509,057	83,456	63,588	-39,398	401,411
Accruals and Deferred Income	860,833	0	0	-497,329	82,890	414,439	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-351	-25,000	10,000	15,351	0
Cash flow from operations	1,144,291	957,084	1,452,546	1,289,613	1,203,693	205,400	555,630	1,747,929	-2,214,938	1,833,542	127,706	569	-1,173,860	1,991,569
Investing Activities
capital expenditure	-145,556	-58,772	-346	-16,087	-2,461,313	-150,929	196,312	-93,898	-51,110	-26,032	-41,573	-1,854	-87,709	-1,096,497
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-145,556	-58,772	-346	-16,087	-2,461,313	-150,929	196,312	-93,898	-51,110	-26,032	-41,573	-1,854	-87,709	-1,096,497
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	5,543	0	0	-23,466	-35,929	59,395	0	0	0	0	0	0	0	0
Other Short Term Loans	59,451	0	0	0	0	0	0	-673,693	136,461	537,232	0	0	0	0
Long term loans	0	0	-435,151	-41,055	476,206	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	0	0	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	390,624
interest	220,045	38,432	-10,408	-26,000	-3,607	10,240	4,024	-18,146	-37,966	-16,470	329	116	3,105	3,048
cash flow from financing	285,039	38,432	-445,559	-90,521	436,670	69,635	4,024	-691,839	98,495	520,762	329	116	3,105	393,672
cash and cash equivalents
cash	1,249,578	982,493	975,110	1,161,990	-894,365	122,492	754,663	964,507	-20,356	179,676	84,936	263	-1,196,003	1,219,046
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,249,578	982,493	975,110	1,161,990	-894,365	122,492	754,663	964,507	-20,356	179,676	84,936	263	-1,196,003	1,219,046

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILVERDENE LIMITED group structure

Milverdene Limited has no subsidiary companies.

Ultimate parent company

MILVERDENE LIMITED

01305803

MILVERDENE LIMITED Shareholders

philip james wagstaff	50%
mary pauleen wagstaff	50%

Milverdene Limited currently has 1 director, Mr Philip Wagstaff serving since Mar 1990.

officer	country	age	start	end	role
Mr Philip Wagstaff		72 years	Mar 1990	-	Director

P&L

May 2023

turnover

1.6m

-39%

operating profit

2.1m

gross margin

14.5%

-3.28%

turnover

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

Balance Sheet

May 2023

net assets

10.7m

+0.19%

total assets

11.9m

+0.18%

cash

5.6m

+0.29%

net assets

Total assets minus all liabilities

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company number

01305803

Type

Private limited with Share Capital

industry

43210 - Electrical installation

43220 - Plumbing, heat and air-conditioning installation

41100 - Development of building projects

incorporation date

March 1977

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

unit b jubilee close, london, NW9 8TR

last accounts submitted

May 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 1 charges/mortgages relating to milverdene limited. Currently there are 0 open charges and 1 have been satisfied in the past.

milverdene limited Company Information

milverdene limited Estimated Valuation

milverdene limited Estimated Valuation

milverdene limited Estimated Valuation

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MILVERDENE LIMITED financials

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