Midland Funeral Supplies Limited

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midland funeral supplies limited Company Information

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Company Number

01342411

Website

www.midlandfuneralsupplies.co.uk

Registered Address

26a tamworth street, lichfield, staffordshire, WS13 6JJ

Industry

Manufacture of wooden containers

Funeral and related activities

Telephone

01215201815

Next Accounts Due

February 2025

Group Structure

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Directors

Stewart Jukes33 Years

Katherine Jukes28 Years

Shareholders

jukes group ltd 100%

midland funeral supplies limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of MIDLAND FUNERAL SUPPLIES LIMITED at £2m based on a Turnover of £2.8m and 0.71x industry multiple (adjusted for size and gross margin).

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Midland Funeral Supplies Limited is a live company located in staffordshire, WS13 6JJ with a Companies House number of 01342411. It operates in the funeral and related activities sector, SIC Code 96030. Founded in December 1977, it's largest shareholder is jukes group ltd with a 100% stake. Midland Funeral Supplies Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Midland Funeral Supplies Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£6.4m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.9%)

EXPORT

Midland Funeral Supplies Limited's latest turnover from May 2023 is estimated at £2.8 million and the company has net assets of £399.6 thousand. According to their latest financial statements, Midland Funeral Supplies Limited has 21 employees and maintains cash reserves of £70 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	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	2,802,325	2,402,658	2,177,315	1,901,058	1,829,262	1,899,592	1,570,761	1,592,726	3,167,511	3,599,024	3,184,687	3,240,759	3,011,496	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,651,342	1,352,950	1,208,543	1,106,278	1,073,137	1,111,334	918,344	932,909	1,889,415	2,158,529	1,942,036	1,934,334	1,797,398	0
Gross Profit	1,150,983	1,049,708	968,772	794,780	756,125	788,258	652,417	659,817	1,278,096	1,440,495	1,242,651	1,306,425	1,214,099	0
Admin Expenses	1,159,918	514,978	896,945	892,340	714,149	742,595	602,551	629,525	1,371,210	1,418,768	1,205,533	1,279,447	1,188,973	-403,432
Operating Profit	-8,935	534,730	71,827	-97,560	41,976	45,663	49,866	30,292	-93,114	21,727	37,118	26,978	25,126	403,432
Interest Payable	22,328	6,806	9,285	11,909	14,385	13,726	11,538	6,181	0	0	0	0	0	0
Interest Receivable	2,869	288	19	147	179	161	118	429	368	225	195	109	96	49
Pre-Tax Profit	-28,393	528,212	62,560	-109,322	27,770	32,099	38,446	24,540	-92,746	21,952	37,313	27,086	25,222	403,481
Tax	0	-100,360	-11,886	0	-5,276	-6,099	-7,689	-4,908	0	-5,049	-8,955	-7,042	-7,062	-112,975
Profit After Tax	-28,393	427,852	50,674	-109,322	22,494	26,000	30,757	19,632	-92,746	16,903	28,358	20,044	18,160	290,506
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-28,393	427,852	50,674	-109,322	22,494	26,000	30,757	19,632	-92,746	16,903	28,358	20,044	18,160	290,506
Employee Costs	665,818	585,016	532,547	498,572	436,889	436,024	443,302	420,813	881,865	995,902	891,060	839,474	898,563	0
Number Of Employees	21	19	19	18	16	16	16	16	35	40	37	36	39	0
EBITDA*	23,392	590,863	101,120	-73,571	55,650	58,967	59,912	44,266	-78,250	36,383	53,541	46,233	44,197	425,506

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	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	81,916	106,697	119,977	95,296	115,733	61,088	36,793	49,411	56,284	62,874	72,581	63,149	80,204	86,790
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	81,916	106,697	119,977	95,296	115,733	61,088	36,793	49,411	56,284	62,874	72,581	63,149	80,204	86,790
Stock & work in progress	220,379	227,361	206,041	170,593	197,397	183,776	168,630	171,669	168,043	159,978	154,176	168,922	154,663	167,619
Trade Debtors	385,469	365,076	325,901	276,793	289,991	320,502	246,599	247,446	499,836	571,510	520,115	545,205	515,520	487,411
Group Debtors	174,537	146,781	117,091	153,685	271,468	296,571	262,878	243,207	0	0	0	0	0	0
Misc Debtors	3,775	3,221	13,034	11,378	9,958	3,625	10,331	8,663	0	0	0	0	0	0
Cash	70,009	57,523	14,792	22,246	17,023	30,702	33,894	60,768	110,853	36,355	53,461	24,532	19,019	19,403
misc current assets	0	0	0	0	0	0	0	72	0	0	0	0	0	0
total current assets	854,169	799,962	676,859	634,695	785,837	835,176	722,332	731,825	778,732	767,843	727,752	738,659	689,202	674,433
total assets	936,085	906,659	796,836	729,991	901,570	896,264	759,125	781,236	835,016	830,717	800,333	801,808	769,406	761,223
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	87,574	74,959	80,755	54,802	91,294	58,844	64,848	65,512	547,658	448,437	424,717	455,515	451,560	463,868
Group/Directors Accounts	89,056	80,850	140,871	129,621	139,420	154,770	109,294	128,452	0	0	0	0	0	0
other short term finances	230,841	194,449	134,485	169,939	182,930	243,281	179,045	190,175	0	0	0	0	0	0
hp & lease commitments	16,391	20,270	13,824	13,013	16,167	6,466	0	0	0	0	0	0	0	0
other current liabilities	78,080	50,890	51,538	46,844	30,959	55,101	70,423	90,541	0	0	0	0	0	0
total current liabilities	501,942	421,418	421,473	414,219	460,770	518,462	423,610	474,680	547,658	448,437	424,717	455,515	451,560	463,868
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	15,208	31,960	32,483	28,580	41,393	9,700	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	2,004	9,368	8,403	0	0
provisions	19,377	25,330	21,321	16,307	19,200	10,389	3,802	5,600	6,034	6,206	9,081	9,081	9,081	6,750
total long term liabilities	34,585	57,290	53,804	44,887	60,593	20,089	3,802	5,600	6,034	8,210	18,449	17,484	9,081	6,750
total liabilities	536,527	478,708	475,277	459,106	521,363	538,551	427,412	480,280	553,692	456,647	443,166	472,999	460,641	470,618
net assets	399,558	427,951	321,559	270,885	380,207	357,713	331,713	300,956	281,324	374,070	357,167	328,809	308,765	290,605
total shareholders funds	399,558	427,951	321,559	270,885	380,207	357,713	331,713	300,956	281,324	374,070	357,167	328,809	308,765	290,605

	May 2023	May 2022	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	-8,935	534,730	71,827	-97,560	41,976	45,663	49,866	30,292	-93,114	21,727	37,118	26,978	25,126	403,432
Depreciation	32,327	56,133	29,293	23,989	13,674	13,304	10,046	13,974	14,864	14,656	16,423	19,255	19,071	22,074
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-100,360	-11,886	0	-5,276	-6,099	-7,689	-4,908	0	-5,049	-8,955	-7,042	-7,062	-112,975
Stock	-6,982	227,361	35,448	-26,804	13,621	15,146	-3,039	3,626	8,065	5,802	-14,746	14,259	-12,956	167,619
Debtors	48,703	515,078	14,170	-129,561	-49,281	100,890	20,492	-520	-71,674	51,395	-25,090	29,685	28,109	487,411
Creditors	12,615	74,959	25,953	-36,492	32,450	-6,004	-664	-482,146	99,221	23,720	-30,798	3,955	-12,308	463,868
Accruals and Deferred Income	27,190	50,890	4,694	15,885	-24,142	-15,322	-20,118	90,541	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,953	25,330	5,014	-2,893	8,811	6,587	-1,798	-434	-172	-2,875	0	0	2,331	6,750
Cash flow from operations	15,523	-100,757	75,277	59,294	103,153	-77,907	12,190	-355,787	84,408	-5,018	53,624	-798	12,005	128,119
Investing Activities
capital expenditure	-7,546	-162,830	-53,974	-3,552	-68,319	-37,599	2,572	-7,101	-8,274	-4,949	-25,855	-2,200	-12,485	-108,864
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,546	-162,830	-53,974	-3,552	-68,319	-37,599	2,572	-7,101	-8,274	-4,949	-25,855	-2,200	-12,485	-108,864
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	8,206	80,850	11,250	-9,799	-15,350	45,476	-19,158	128,452	0	0	0	0	0	0
Other Short Term Loans	36,392	194,449	-35,454	-12,991	-60,351	64,236	-11,130	190,175	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-20,631	52,230	4,714	-15,967	41,394	16,166	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-2,004	-7,364	965	8,403	0	0
share issue	0	99	0	0	0	0	0	0	0	0	0	0	0	99
interest	-19,459	-6,518	-9,266	-11,762	-14,206	-13,565	-11,420	-5,752	368	225	195	109	96	49
cash flow from financing	4,508	321,110	-28,756	-50,519	-48,513	112,313	-41,708	312,875	-1,636	-7,139	1,160	8,512	96	148
cash and cash equivalents
cash	12,486	57,523	-7,454	5,223	-13,679	-3,192	-26,874	-50,085	74,498	-17,106	28,929	5,513	-384	19,403
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	12,486	57,523	-7,454	5,223	-13,679	-3,192	-26,874	-50,085	74,498	-17,106	28,929	5,513	-384	19,403

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDLAND FUNERAL SUPPLIES LIMITED group structure

Midland Funeral Supplies Limited has no subsidiary companies.

Ultimate parent company

JUKES GROUP LIMITED

10515582

1 parent

MIDLAND FUNERAL SUPPLIES LIMITED

01342411

MIDLAND FUNERAL SUPPLIES LIMITED Shareholders

jukes group ltd

100%

Midland Funeral Supplies Limited currently has 2 directors. The longest serving directors include Mr Stewart Jukes (Apr 1991) and Mrs Katherine Jukes (Apr 1996).

officer	country	age	start	end	role
Mr Stewart Jukes		59 years	Apr 1991	-	Director
Mrs Katherine Jukes		56 years	Apr 1996	-	Director

P&L

May 2023

turnover

2.8m

+17%

operating profit

-8.9k

gross margin

41.1%

-5.99%

turnover

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

Balance Sheet

May 2023

net assets

399.6k

-0.07%

total assets

936.1k

+0.03%

cash

70k

+0.22%

net assets

Total assets minus all liabilities

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company number

01342411

Type

Private limited with Share Capital

industry

16240 - Manufacture of wooden containers

96030 - Funeral and related activities

incorporation date

December 1977

accounts

Small Company

ultimate parent company

JUKES GROUP LIMITED

previous names

N/A

last accounts submitted

May 2023

address

26a tamworth street, lichfield, staffordshire, WS13 6JJ

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 midland funeral supplies limited. Currently there are 3 open charges and 8 have been satisfied in the past.

midland funeral supplies limited Company Information

midland funeral supplies limited Estimated Valuation

midland funeral supplies limited Estimated Valuation

midland funeral supplies limited Estimated Valuation

Midland Funeral Supplies Limited Overview

Midland Funeral Supplies Limited Health Check

MIDLAND FUNERAL SUPPLIES LIMITED financials

midland funeral supplies limited Credit Report and Business Information

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midland funeral supplies limited Ownership

midland funeral supplies limited directors

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