milestar limited
milestar limited Company Information
Company Number
01687479
Registered Address
141 homerton high street, london, E9 6AS
Industry
Dispensing chemist in specialised stores
Telephone
02085337743
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
narendra gandesha 25%
kirti amlani 25%
View Allmilestar limited Estimated Valuation
Pomanda estimates the enterprise value of MILESTAR LIMITED at £848.5k based on a Turnover of £2.9m and 0.29x industry multiple (adjusted for size and gross margin).
milestar limited Estimated Valuation
Pomanda estimates the enterprise value of MILESTAR LIMITED at £0 based on an EBITDA of £-126.8k and a 4.23x industry multiple (adjusted for size and gross margin).
milestar limited Estimated Valuation
Pomanda estimates the enterprise value of MILESTAR LIMITED at £1.8m based on Net Assets of £731.6k and 2.48x industry multiple (adjusted for liquidity).
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Milestar Limited Overview
Milestar Limited is a live company located in london, E9 6AS with a Companies House number of 01687479. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in December 1982, it's largest shareholder is narendra gandesha with a 25% stake. Milestar Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with unknown growth in recent years.
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Milestar Limited Health Check
Pomanda's financial health check has awarded Milestar Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£12.3m)
- Milestar Limited
£12.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Milestar Limited
- - Industry AVG
Production
with a gross margin of 27%, this company has a comparable cost of product (30.5%)
- Milestar Limited
30.5% - Industry AVG
Profitability
an operating margin of -4.6% make it less profitable than the average company (2.1%)
- Milestar Limited
2.1% - Industry AVG
Employees
with 14 employees, this is below the industry average (81)
14 - Milestar Limited
81 - Industry AVG
Pay Structure
on an average salary of £23k, the company has an equivalent pay structure (£23k)
- Milestar Limited
£23k - Industry AVG
Efficiency
resulting in sales per employee of £210.6k, this is more efficient (£135.2k)
- Milestar Limited
£135.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Milestar Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 360 days, this is slower than average (67 days)
- Milestar Limited
67 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is more than average (31 days)
- Milestar Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (15 weeks)
32 weeks - Milestar Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.4%, this is a higher level of debt than the average (60.6%)
74.4% - Milestar Limited
60.6% - Industry AVG
MILESTAR LIMITED financials
Milestar Limited's latest turnover from August 2023 is estimated at £2.9 million and the company has net assets of £731.6 thousand. According to their latest financial statements, Milestar Limited has 14 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 14 | 18 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 73,899 | 96,953 | 171,453 | 167,002 | 180,188 | 190,660 | 206,433 | 212,436 | 141,802 |
| Intangible Assets | 0 | 0 | 0 | 1,294 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,200,017 | 1,136,801 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,273,916 | 1,233,754 | 171,453 | 168,296 | 180,188 | 190,660 | 206,433 | 212,436 | 141,802 |
| Stock & work in progress | 263,000 | 213,000 | 840,000 | 348,000 | 365,000 | 550,000 | 435,000 | 350,000 | 535,000 |
| Trade Debtors | 0 | 0 | 670,397 | 395,043 | 336,682 | 512,358 | 530,977 | 706,178 | 518,324 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 105,237 | 63,257 | 13,396 | 60,000 | 40,915 | 0 | 0 |
| Cash | 1,320,095 | 1,358,472 | 1,193,338 | 1,162,780 | 1,100,005 | 1,043,225 | 1,124,423 | 1,133,297 | 1,070,821 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,583,095 | 1,571,472 | 2,808,972 | 1,969,080 | 1,815,083 | 2,165,583 | 2,131,315 | 2,189,475 | 2,124,145 |
| total assets | 2,857,011 | 2,805,226 | 2,980,425 | 2,137,376 | 1,995,271 | 2,356,243 | 2,337,748 | 2,401,911 | 2,265,947 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,125,370 | 2,002,264 | 1,866,925 | 977,151 | 929,304 | 1,387,290 | 1,363,361 | 1,433,434 | 1,271,054 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,125,370 | 2,002,264 | 1,866,925 | 977,151 | 929,304 | 1,387,290 | 1,363,361 | 1,433,434 | 1,271,054 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 3,204 | 10,061 | 8,694 | 11,282 | 11,282 | 13,048 | 13,074 | 5,272 |
| total long term liabilities | 0 | 3,204 | 10,061 | 8,694 | 11,282 | 11,282 | 13,048 | 13,074 | 5,272 |
| total liabilities | 2,125,370 | 2,005,468 | 1,876,986 | 985,845 | 940,586 | 1,398,572 | 1,376,409 | 1,446,508 | 1,276,326 |
| net assets | 731,641 | 799,758 | 1,103,439 | 1,151,531 | 1,054,685 | 957,671 | 961,339 | 955,403 | 989,621 |
| total shareholders funds | 731,641 | 799,758 | 1,103,439 | 1,151,531 | 1,054,685 | 957,671 | 961,339 | 955,403 | 989,621 |
| Aug 2023 | Aug 2022 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 8,308 | 8,829 | 15,213 | 14,086 | 15,472 | 16,371 | 16,035 | 18,489 | 10,041 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 50,000 | 213,000 | 492,000 | -17,000 | -185,000 | 115,000 | 85,000 | -185,000 | 535,000 |
| Debtors | 63,216 | 1,136,801 | 317,334 | 108,222 | -222,280 | 466 | -134,286 | 187,854 | 518,324 |
| Creditors | 123,106 | 2,002,264 | 889,774 | 47,847 | -457,986 | 23,929 | -70,073 | 162,380 | 1,271,054 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -3,204 | 3,204 | 1,367 | -2,588 | 0 | -1,766 | -26 | 7,802 | 5,272 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -38,377 | 1,358,472 | 30,558 | 62,775 | 56,780 | -81,198 | -8,874 | 62,476 | 1,070,821 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -38,377 | 1,358,472 | 30,558 | 62,775 | 56,780 | -81,198 | -8,874 | 62,476 | 1,070,821 |
milestar limited Credit Report and Business Information
Milestar Limited Competitor Analysis
Perform a competitor analysis for milestar limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in E 9 area or any other competitors across 12 key performance metrics.
milestar limited Ownership
MILESTAR LIMITED group structure
Milestar Limited has no subsidiary companies.
Ultimate parent company
MILESTAR LIMITED
01687479
milestar limited directors
Milestar Limited currently has 2 directors. The longest serving directors include Mr Narendra Gandesha (Apr 1991) and Mr Hitesh Gandesha (Apr 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Narendra Gandesha | England | 76 years | Apr 1991 | - | Director |
| Mr Hitesh Gandesha | United Kingdom | 64 years | Apr 1991 | - | Director |
P&L
August 2023turnover
2.9m
+9%
operating profit
-135.1k
0%
gross margin
27%
-5.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
731.6k
-0.09%
total assets
2.9m
+0.02%
cash
1.3m
-0.03%
net assets
Total assets minus all liabilities
milestar limited company details
company number
01687479
Type
Private limited with Share Capital
industry
47730 - Dispensing chemist in specialised stores
incorporation date
December 1982
age
42
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
141 homerton high street, london, E9 6AS
Bank
-
Legal Advisor
-
milestar 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 10 charges/mortgages relating to milestar limited. Currently there are 10 open charges and 0 have been satisfied in the past.
milestar limited Companies House Filings - See Documents
| date | description | view/download |
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