mills cnc finance limited
mills cnc finance limited Company Information
Company Number
01479073
Next Accounts
Sep 2025
Shareholders
ensco 1066 ltd
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
units 2 & 3 tachbrook link, tachbrook park drive, leamington spa, CV34 6SN
Website
millscnc.co.ukmills cnc finance limited Estimated Valuation
Pomanda estimates the enterprise value of MILLS CNC FINANCE LIMITED at £685.8k based on a Turnover of £407.5k and 1.68x industry multiple (adjusted for size and gross margin).
mills cnc finance limited Estimated Valuation
Pomanda estimates the enterprise value of MILLS CNC FINANCE LIMITED at £828.1k based on an EBITDA of £142.6k and a 5.81x industry multiple (adjusted for size and gross margin).
mills cnc finance limited Estimated Valuation
Pomanda estimates the enterprise value of MILLS CNC FINANCE LIMITED at £1.7m based on Net Assets of £1.3m and 1.31x industry multiple (adjusted for liquidity).
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Mills Cnc Finance Limited Overview
Mills Cnc Finance Limited is a live company located in leamington spa, CV34 6SN with a Companies House number of 01479073. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 1980, it's largest shareholder is ensco 1066 ltd with a 100% stake. Mills Cnc Finance Limited is a mature, micro sized company, Pomanda has estimated its turnover at £407.5k with high growth in recent years.
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Mills Cnc Finance Limited Health Check
Pomanda's financial health check has awarded Mills Cnc Finance Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
4 Weak
Size
annual sales of £407.5k, make it smaller than the average company (£5.6m)
£407.5k - Mills Cnc Finance Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4.9%)
16% - Mills Cnc Finance Limited
4.9% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (54%)
100% - Mills Cnc Finance Limited
54% - Industry AVG
Profitability
an operating margin of 35% make it more profitable than the average company (9.1%)
35% - Mills Cnc Finance Limited
9.1% - Industry AVG
Employees
with 5 employees, this is below the industry average (14)
5 - Mills Cnc Finance Limited
14 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has a lower pay structure (£82.9k)
£46.2k - Mills Cnc Finance Limited
£82.9k - Industry AVG
Efficiency
resulting in sales per employee of £81.5k, this is less efficient (£223.8k)
£81.5k - Mills Cnc Finance Limited
£223.8k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (33 days)
5 days - Mills Cnc Finance Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mills Cnc Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mills Cnc Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (29 weeks)
5 weeks - Mills Cnc Finance Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.8%, this is a lower level of debt than the average (71.4%)
32.8% - Mills Cnc Finance Limited
71.4% - Industry AVG
MILLS CNC FINANCE LIMITED financials
Mills Cnc Finance Limited's latest turnover from December 2023 is £407.5 thousand and the company has net assets of £1.3 million. According to their latest financial statements, Mills Cnc Finance Limited has 5 employees and maintains cash reserves of £65.1 thousand 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 | 407,502 | 254,765 | 335,257 | 263,307 | 278,466 | 328,398 | 200,607 | 149,049 | 129,308 | 226,291 | 242,106 | 177,681 | 204,071 | 115,411 | 80,682 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | 407,502 | 254,765 | 335,257 | 263,307 | 278,466 | 328,398 | 200,607 | 149,049 | 129,308 | ||||||
| Admin Expenses | 264,902 | 208,196 | 211,084 | 183,979 | 183,643 | 207,759 | 145,725 | 107,329 | 101,042 | ||||||
| Operating Profit | 142,600 | 46,569 | 124,173 | 79,328 | 94,823 | 120,639 | 54,882 | 41,720 | 28,266 | 73,154 | 74,642 | 56,421 | 55,295 | 11,841 | -2,280 |
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 142,600 | 46,569 | 124,173 | 79,328 | 94,823 | 120,639 | 54,882 | 41,720 | 28,266 | 73,154 | 74,642 | 56,421 | 55,295 | 11,841 | -2,280 |
| Tax | -33,511 | 15,072 | -15,072 | -18,016 | -22,885 | -10,613 | -8,354 | -5,416 | -14,897 | -14,958 | -8,394 | -11,195 | -2,928 | -412 | |
| Profit After Tax | 109,089 | 46,569 | 139,245 | 64,256 | 76,807 | 97,754 | 44,269 | 33,366 | 22,850 | 58,257 | 59,684 | 48,027 | 44,100 | 8,913 | -2,692 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 109,089 | 46,569 | 139,245 | 64,256 | 76,807 | 97,754 | 44,269 | 33,366 | 22,850 | 58,257 | 59,684 | 48,027 | 44,100 | 8,913 | -2,692 |
| Employee Costs | 230,771 | 159,838 | 188,882 | 159,278 | 157,798 | 184,491 | 124,519 | 90,783 | |||||||
| Number Of Employees | 5 | 5 | 6 | 6 | 5 | 5 | 5 | 6 | |||||||
| EBITDA* | 142,600 | 46,569 | 124,173 | 79,328 | 94,823 | 120,639 | 54,882 | 41,720 | 28,266 | 73,154 | 74,642 | 56,421 | 55,295 | 11,841 | -2,280 |
* 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | |||||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,754 | 8,434 | 16,110 | 21,987 | 31,183 | 12,993 | 1,867 | 3,819 | 1,804 | 1,568 | 11,011 | 22,142 | 8,219 | 11,947 | 7,466 |
| Group Debtors | 1,706,376 | 1,659,416 | 1,208,244 | 980,017 | 986,562 | 967,622 | 770,301 | 694,540 | 665,871 | 701,869 | 646,848 | 591,426 | 524,619 | 591,691 | 591,691 |
| Misc Debtors | 182,335 | 1,011 | 1,886 | 377 | 35 | 35 | |||||||||
| Cash | 65,140 | 93,302 | 97,296 | 153,036 | 69,180 | 53,878 | 74,145 | 71,922 | 53,585 | 53,565 | 50,450 | 60,398 | 50,896 | 125,099 | 23,732 |
| misc current assets | |||||||||||||||
| total current assets | 1,959,605 | 1,761,152 | 1,321,650 | 1,156,051 | 1,088,811 | 1,034,493 | 846,690 | 770,281 | 721,260 | 757,002 | 708,309 | 673,966 | 583,734 | 728,772 | 622,924 |
| total assets | 1,959,605 | 1,761,152 | 1,321,650 | 1,156,051 | 1,088,811 | 1,034,493 | 846,690 | 770,281 | 721,260 | 757,002 | 708,309 | 673,966 | 583,734 | 728,772 | 622,924 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 473,126 | 424,473 | 58,650 | 231,261 | 146,440 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 169,017 | 128,306 | 159,846 | 133,492 | 130,508 | 152,997 | 62,948 | 30,808 | 15,153 | 73,745 | 83,309 | 50,000 | 66,445 | 24,322 | 12,208 |
| total current liabilities | 642,143 | 552,779 | 159,846 | 133,492 | 130,508 | 152,997 | 62,948 | 30,808 | 15,153 | 73,745 | 83,309 | 108,650 | 66,445 | 255,583 | 158,648 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 642,143 | 552,779 | 159,846 | 133,492 | 130,508 | 152,997 | 62,948 | 30,808 | 15,153 | 73,745 | 83,309 | 108,650 | 66,445 | 255,583 | 158,648 |
| net assets | 1,317,462 | 1,208,373 | 1,161,804 | 1,022,559 | 958,303 | 881,496 | 783,742 | 739,473 | 706,107 | 683,257 | 625,000 | 565,316 | 517,289 | 473,189 | 464,276 |
| total shareholders funds | 1,317,462 | 1,208,373 | 1,161,804 | 1,022,559 | 958,303 | 881,496 | 783,742 | 739,473 | 706,107 | 683,257 | 625,000 | 565,316 | 517,289 | 473,189 | 464,276 |
| 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 | 142,600 | 46,569 | 124,173 | 79,328 | 94,823 | 120,639 | 54,882 | 41,720 | 28,266 | 73,154 | 74,642 | 56,421 | 55,295 | 11,841 | -2,280 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -33,511 | 15,072 | -15,072 | -18,016 | -22,885 | -10,613 | -8,354 | -5,416 | -14,897 | -14,958 | -8,394 | -11,195 | -2,928 | -412 | |
| Stock | |||||||||||||||
| Debtors | 226,615 | 443,496 | 221,339 | -16,616 | 39,016 | 208,070 | 74,186 | 30,684 | -35,762 | 45,578 | 44,291 | 80,730 | -70,835 | 4,481 | 599,192 |
| Creditors | |||||||||||||||
| Accruals and Deferred Income | 40,711 | -31,540 | 26,354 | 2,984 | -22,489 | 90,049 | 32,140 | 15,655 | -58,592 | -9,564 | 33,309 | -16,445 | 42,123 | 12,114 | 12,208 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -76,815 | -428,467 | -55,740 | 83,856 | 15,302 | -20,267 | 2,223 | 18,337 | 20 | 3,115 | 48,702 | -49,148 | 157,058 | 16,546 | -589,676 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 48,653 | 424,473 | -58,650 | 58,650 | -231,261 | 84,821 | 146,440 | ||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 48,653 | 424,473 | -58,650 | 58,650 | -231,261 | 84,821 | 613,408 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -28,162 | -3,994 | -55,740 | 83,856 | 15,302 | -20,267 | 2,223 | 18,337 | 20 | 3,115 | -9,948 | 9,502 | -74,203 | 101,367 | 23,732 |
| overdraft | |||||||||||||||
| change in cash | -28,162 | -3,994 | -55,740 | 83,856 | 15,302 | -20,267 | 2,223 | 18,337 | 20 | 3,115 | -9,948 | 9,502 | -74,203 | 101,367 | 23,732 |
mills cnc finance limited Credit Report and Business Information
Mills Cnc Finance Limited Competitor Analysis
Perform a competitor analysis for mills cnc finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in CV34 area or any other competitors across 12 key performance metrics.
mills cnc finance limited Ownership
MILLS CNC FINANCE LIMITED group structure
Mills Cnc Finance Limited has no subsidiary companies.
Ultimate parent company
2 parents
MILLS CNC FINANCE LIMITED
01479073
mills cnc finance limited directors
Mills Cnc Finance 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 2023turnover
407.5k
+60%
operating profit
142.6k
+206%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.3m
+0.09%
total assets
2m
+0.11%
cash
65.1k
-0.3%
net assets
Total assets minus all liabilities
mills cnc finance limited company details
company number
01479073
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 1980
age
45
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
c.n.c. leasing limited (November 1997)
dennadale limited (December 1980)
accountant
-
auditor
GRANT THORNTON UK LLP
address
units 2 & 3 tachbrook link, tachbrook park drive, leamington spa, CV34 6SN
Bank
HSBC BANK PLC
Legal Advisor
-
mills cnc finance limited Charges & Mortgages
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 27 charges/mortgages relating to mills cnc finance limited. Currently there are 5 open charges and 22 have been satisfied in the past.
mills cnc finance limited Capital Raised & Share Issues BETA
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 finance limited Companies House Filings - See Documents
| date | description | view/download |
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