Mirravale Estates Limited

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mirravale estates limited Company Information

Live

MatureSmallRapid

Company Number

01601358

Website

Registered Address

haslers, old station road, loughton, essex, IG10 4PL

Industry

Activities of head offices

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Michael Everitt33 Years

Lorraine Spencer2 Years

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Shareholders

michael derek everitt 93.3%

trustees of the m d everitt discretionary settlement 6.7%

mirravale estates limited Estimated Valuation

£12m

Pomanda estimates the enterprise value of MIRRAVALE ESTATES LIMITED at £12m based on Net Assets of £3m and 3.95x industry multiple (adjusted for liquidity).

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Mirravale Estates Limited is a live company located in loughton, IG10 4PL with a Companies House number of 01601358. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1981, it's largest shareholder is michael derek everitt with a 93.3% stake. Mirravale Estates Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mirravale Estates Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £4.4m, make it smaller than the average company (£20.3m)

Growth

3 year (CAGR) sales growth of 80%, show it is growing at a faster rate (3.1%)

EXPORT

Mirravale Estates Limited's latest turnover from December 2022 is estimated at £4.4 million and the company has net assets of £3 million. According to their latest financial statements, Mirravale Estates Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	4,407,912	541,549	656,654	761,601	2,464,083	2,873,209	3,318,405	2,227,113	2,433,578	2,363,427	2,321,152	2,515,211	4,791,201	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,557,861	441,531	534,518	618,346	2,006,222	2,334,416	2,687,221	1,814,385	2,004,333	1,957,766	1,930,182	2,087,193	3,971,712	0
Gross Profit	850,051	100,018	122,136	143,254	457,861	538,793	631,183	412,728	429,245	405,660	390,970	428,018	819,490	0
Admin Expenses	-905,827	21,267	87,834	257,359	495,575	564,666	318,516	-65,357	480,269	401,610	-12,153	511,987	748,176	-1,158,499
Operating Profit	1,755,878	78,751	34,302	-114,105	-37,714	-25,873	312,667	478,085	-51,024	4,050	403,123	-83,969	71,314	1,158,499
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	177	360	10	36	258	274	94	46
Pre-Tax Profit	1,755,878	78,751	34,302	-114,105	-37,714	-25,873	312,844	478,445	-51,014	4,086	403,380	-83,695	71,408	1,158,544
Tax	-333,617	-14,963	-6,517	0	0	0	-62,569	-95,689	0	-940	-96,811	0	-19,994	-324,392
Profit After Tax	1,422,261	63,788	27,785	-114,105	-37,714	-25,873	250,275	382,756	-51,014	3,146	306,569	-83,695	51,414	834,152
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,422,261	63,788	27,785	-114,105	-37,714	-25,873	250,275	382,756	-51,014	3,146	306,569	-83,695	51,414	834,152
Employee Costs	183,189	85,086	82,705	82,595	80,719	78,753	75,973	293,776	287,882	284,357	280,742	311,734	581,574	0
Number Of Employees	4	2	2	2	2	2	2	8	8	8	8	9	17	0
EBITDA*	1,755,878	78,751	34,302	-114,105	-37,714	-25,873	312,667	478,470	-48,861	6,537	406,451	-83,215	71,938	1,163,739

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,565,830	2,306,435	2,306,582	2,306,608	2,306,639	2,300,637	857,700	2,187	7,701	9,864	13,062	5,166	4,367	3,676
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	1,000,000	1,530,000	1,863,334	1,863,334	2,860,000	3,290,000	4,173,526
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	2,795	33,589	0	0	25,000
Total Fixed Assets	1,565,830	2,306,435	2,306,582	2,306,608	2,306,639	2,300,637	857,700	1,002,187	1,537,701	1,875,993	1,909,985	2,865,166	3,294,367	4,202,202
Stock & work in progress	0	0	0	0	0	0	0	1,310,000	1,310,000	1,310,000	1,309,999	1,310,000	2,992,598	3,206,245
Trade Debtors	2,006,295	120,522	162,430	227,641	1,017,625	1,214,727	1,463,272	304,553	348,869	337,996	309,133	309,129	380,252	71,413
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	0	0	0	0	0	0	0	141,652	2,445	1,523	12,807	90,279	19,448	18,226
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,006,295	120,522	162,430	227,641	1,017,625	1,214,727	1,463,272	1,756,205	1,661,314	1,649,519	1,631,939	1,709,408	3,392,298	3,295,884
total assets	3,572,125	2,426,957	2,469,012	2,534,249	3,324,264	3,515,364	2,320,972	2,758,392	3,199,015	3,525,512	3,541,924	4,574,574	6,686,665	7,498,086
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	477,584	291,393	295,332	285,818	535,156	643,112	627,369	672,480	735,859	671,548	687,289	881,951	1,780,347	1,759,656
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	477,584	291,393	295,332	285,818	535,156	643,112	627,369	672,480	735,859	671,548	687,289	881,951	1,780,347	1,759,656
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	64,796	528,080	629,984	732,520	1,159,092	1,204,522	0	0	920,000	1,152,438	1,156,255	2,000,000	2,700,000	2,700,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	64,796	528,080	629,984	732,520	1,159,092	1,204,522	0	0	920,000	1,152,438	1,156,255	2,000,000	2,700,000	2,700,000
total liabilities	542,380	819,473	925,316	1,018,338	1,694,248	1,847,634	627,369	672,480	1,655,859	1,823,986	1,843,544	2,881,951	4,480,347	4,459,656
net assets	3,029,745	1,607,484	1,543,696	1,515,911	1,630,016	1,667,730	1,693,603	2,085,912	1,543,156	1,701,526	1,698,380	1,692,623	2,206,318	3,038,430
total shareholders funds	3,029,745	1,607,484	1,543,696	1,515,911	1,630,016	1,667,730	1,693,603	2,085,912	1,543,156	1,701,526	1,698,380	1,692,623	2,206,318	3,038,430

	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	1,755,878	78,751	34,302	-114,105	-37,714	-25,873	312,667	478,085	-51,024	4,050	403,123	-83,969	71,314	1,158,499
Depreciation	0	0	0	0	0	0	0	385	2,163	2,487	3,328	754	624	5,240
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-333,617	-14,963	-6,517	0	0	0	-62,569	-95,689	0	-940	-96,811	0	-19,994	-324,392
Stock	0	0	0	0	0	0	-1,310,000	0	0	1	-1	-1,682,598	-213,647	3,206,245
Debtors	1,885,773	-41,908	-65,211	-789,984	-197,102	-248,545	1,158,719	-44,316	8,078	-1,931	33,593	-71,123	283,839	96,413
Creditors	186,191	-3,939	9,514	-249,338	-107,956	15,743	-45,111	-63,379	64,311	-15,741	-194,662	-898,396	20,691	1,759,656
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-277,321	101,757	102,510	426,541	51,432	238,415	356,268	363,718	7,372	-8,214	81,386	772,110	2,443	-703,655
Investing Activities
capital expenditure	740,605	147	26	31	-6,002	-1,442,937	-855,513	5,129	0	711	-11,224	-1,553	-1,315	-8,916
Change in Investments	0	0	0	0	0	0	-1,000,000	-530,000	-333,334	0	-996,666	-430,000	-883,526	4,173,526
cash flow from investments	740,605	147	26	31	-6,002	-1,442,937	144,487	535,129	333,334	711	985,442	428,447	882,211	-4,182,442
Financing Activities
Bank loans	0	0	0	0	0	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	0	0	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	-463,284	-101,904	-102,536	-426,572	-45,430	1,204,522	0	-920,000	-232,438	-3,817	-843,745	-700,000	0	2,700,000
share issue	0	0	0	0	0	0	-642,584	160,000	-107,356	0	-300,812	-430,000	-883,526	2,204,278
interest	0	0	0	0	0	0	177	360	10	36	258	274	94	46
cash flow from financing	-463,284	-101,904	-102,536	-426,572	-45,430	1,204,522	-642,407	-759,640	-339,784	-3,781	-1,144,299	-1,129,726	-883,432	4,904,324
cash and cash equivalents
cash	0	0	0	0	0	0	-141,652	139,207	922	-11,284	-77,472	70,831	1,222	18,226
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-141,652	139,207	922	-11,284	-77,472	70,831	1,222	18,226

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIRRAVALE ESTATES LIMITED group structure

Mirravale Estates Limited has no subsidiary companies.

Ultimate parent company

MIRRAVALE ESTATES LIMITED

01601358

MIRRAVALE ESTATES LIMITED Shareholders

michael derek everitt	93.33%
trustees of the m d everitt discretionary settlement	6.67%

Mirravale Estates Limited currently has 4 directors. The longest serving directors include Mr Michael Everitt (Apr 1991) and Ms Lorraine Spencer (Mar 2022).

officer	country	age	start	end	role
Mr Michael Everitt		83 years	Apr 1991	-	Director
Ms Lorraine Spencer	United Kingdom	59 years	Mar 2022	-	Director
Mr Antony Everitt	United Kingdom	60 years	Mar 2022	-	Director
Ms Karen Hopps	United Kingdom	60 years	Mar 2022	-	Director

P&L

December 2022

turnover

4.4m

+714%

operating profit

1.8m

gross margin

19.3%

+4.42%

turnover

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

Balance Sheet

December 2022

net assets

+0.88%

total assets

3.6m

+0.47%

cash

net assets

Total assets minus all liabilities

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company number

01601358

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

December 1981

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

mirravale holdings plc (October 2008)

e & t associates limited (June 1988)

incorporated

address

haslers, old station road, loughton, essex, IG10 4PL

last accounts submitted

December 2022

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 mirravale estates limited. Currently there are 5 open charges and 22 have been satisfied in the past.

mirravale estates limited Company Information

mirravale estates limited Estimated Valuation

mirravale estates limited Estimated Valuation

mirravale estates limited Estimated Valuation

Mirravale Estates Limited Overview

Mirravale Estates Limited Health Check

MIRRAVALE ESTATES LIMITED financials

mirravale estates limited Credit Report and Business Information

Mirravale Estates Limited Competitor Analysis

mirravale estates limited Ownership

mirravale estates limited directors

mirravale estates limited company details

mirravale estates limited Charges & Mortgages

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