mitex limited
mitex limited Company Information
Company Number
01708531
Next Accounts
Mar 2025
Shareholders
michael earl
michelle earl
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
aston house, cornwall avenue, london, N3 1LF
Website
www.empiretextiles.commitex limited Estimated Valuation
Pomanda estimates the enterprise value of MITEX LIMITED at £1.1m based on a Turnover of £363.8k and 3.07x industry multiple (adjusted for size and gross margin).
mitex limited Estimated Valuation
Pomanda estimates the enterprise value of MITEX LIMITED at £0 based on an EBITDA of £-43.6k and a 6.59x industry multiple (adjusted for size and gross margin).
mitex limited Estimated Valuation
Pomanda estimates the enterprise value of MITEX LIMITED at £1.1m based on Net Assets of £711.9k and 1.58x industry multiple (adjusted for liquidity).
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Mitex Limited Overview
Mitex Limited is a live company located in london, N3 1LF with a Companies House number of 01708531. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 1983, it's largest shareholder is michael earl with a 50% stake. Mitex Limited is a mature, micro sized company, Pomanda has estimated its turnover at £363.8k with high growth in recent years.
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Mitex Limited Health Check
Pomanda's financial health check has awarded Mitex Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £363.8k, make it smaller than the average company (£824.8k)
- Mitex Limited
£824.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (2.4%)
- Mitex Limited
2.4% - Industry AVG
Production
with a gross margin of 71.1%, this company has a comparable cost of product (71.1%)
- Mitex Limited
71.1% - Industry AVG
Profitability
an operating margin of -12% make it less profitable than the average company (29%)
- Mitex Limited
29% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Mitex Limited
4 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
- Mitex Limited
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £181.9k, this is equally as efficient (£181.9k)
- Mitex Limited
£181.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mitex Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mitex Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mitex Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14989 weeks, this is more cash available to meet short term requirements (10 weeks)
14989 weeks - Mitex Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.2%, this is a lower level of debt than the average (63.1%)
2.2% - Mitex Limited
63.1% - Industry AVG
MITEX LIMITED financials
Mitex Limited's latest turnover from June 2023 is estimated at £363.8 thousand and the company has net assets of £711.9 thousand. According to their latest financial statements, Mitex Limited has 2 employees and maintains cash reserves of £371.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1 | 1 | 1 | 1 | 1 | 125 | ||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | 350,000 | 350,000 | 700,000 | 700,000 | 700,000 | 700,000 | 719,136 | 345,000 | 255,481 | 255,481 | 255,481 | |||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 350,000 | 350,000 | 700,000 | 700,000 | 700,000 | 700,000 | 719,136 | 345,000 | 255,482 | 255,482 | 255,482 | 1 | 1 | 125 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 386,275 | 385,596 | 385,296 | 382,951 | 382,929 | 382,896 | ||||||||
| Group Debtors | ||||||||||||||
| Misc Debtors | 6,307 | 4,516 | 2,596 | 1,947 | 229 | 359 | 2,979 | |||||||
| Cash | 371,268 | 398,830 | 59,347 | 84,739 | 89,561 | 86,405 | 93,172 | 496,469 | 91,812 | 113,183 | 140,259 | 442,368 | 520,190 | 531,237 |
| misc current assets | ||||||||||||||
| total current assets | 377,575 | 403,346 | 61,943 | 86,686 | 89,790 | 86,764 | 96,151 | 496,469 | 478,087 | 498,779 | 525,555 | 825,319 | 903,119 | 914,133 |
| total assets | 727,575 | 753,346 | 761,943 | 786,686 | 789,790 | 786,764 | 815,287 | 841,469 | 733,569 | 754,261 | 781,037 | 825,320 | 903,120 | 914,258 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 1,400 | 1,300 | 1,300 | 1,201 | 1,201 | 1,937 | ||||||||
| Group/Directors Accounts | 10,479 | 318 | 318 | 274 | 274 | 38,274 | 6,075 | |||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,288 | 2,707 | 8,558 | 6,586 | 8,341 | 7,903 | 1,481 | 41,504 | ||||||
| total current liabilities | 1,288 | 2,707 | 8,558 | 6,586 | 8,341 | 7,903 | 11,960 | 41,504 | 1,718 | 1,618 | 1,574 | 1,475 | 39,475 | 8,012 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 14,357 | 14,358 | 14,356 | 14,356 | 14,356 | 14,357 | 14,357 | 15,247 | ||||||
| total long term liabilities | 14,357 | 14,358 | 14,356 | 14,356 | 14,356 | 14,357 | 14,357 | 15,247 | ||||||
| total liabilities | 15,645 | 17,065 | 22,914 | 20,942 | 22,697 | 22,260 | 26,317 | 56,751 | 1,718 | 1,618 | 1,574 | 1,475 | 39,475 | 8,012 |
| net assets | 711,930 | 736,281 | 739,029 | 765,744 | 767,093 | 764,504 | 788,970 | 784,718 | 731,851 | 752,643 | 779,463 | 823,845 | 863,645 | 906,246 |
| total shareholders funds | 711,930 | 736,281 | 739,029 | 765,744 | 767,093 | 764,504 | 788,970 | 784,718 | 731,851 | 752,643 | 779,463 | 823,845 | 863,645 | 906,246 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 124 | 125 | ||||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | 1,791 | 1,920 | 649 | 1,718 | -130 | -2,620 | 2,979 | -386,275 | 679 | 300 | 2,345 | 22 | 33 | 382,896 |
| Creditors | -1,400 | 100 | 99 | -736 | 1,937 | |||||||||
| Accruals and Deferred Income | -1,419 | -5,851 | 1,972 | -1,755 | 438 | 6,422 | -40,023 | 41,504 | ||||||
| Deferred Taxes & Provisions | -1 | 2 | -1 | -890 | 15,247 | |||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -350,000 | -19,136 | 374,136 | 89,519 | 255,481 | |||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -10,479 | 10,479 | -318 | 44 | -38,000 | 32,199 | 6,075 | |||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -27,562 | 339,483 | -25,392 | -4,822 | 3,156 | -6,767 | -403,297 | 404,657 | -21,371 | -27,076 | -302,109 | -77,822 | -11,047 | 531,237 |
| overdraft | ||||||||||||||
| change in cash | -27,562 | 339,483 | -25,392 | -4,822 | 3,156 | -6,767 | -403,297 | 404,657 | -21,371 | -27,076 | -302,109 | -77,822 | -11,047 | 531,237 |
mitex limited Credit Report and Business Information
Mitex Limited Competitor Analysis
Perform a competitor analysis for mitex limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in N 3 area or any other competitors across 12 key performance metrics.
mitex limited Ownership
MITEX LIMITED group structure
Mitex Limited has no subsidiary companies.
Ultimate parent company
MITEX LIMITED
01708531
mitex limited directors
Mitex Limited currently has 2 directors. The longest serving directors include Mr Michael Earl (Jul 1991) and Mrs Michelle Earl (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Earl | 71 years | Jul 1991 | - | Director | |
| Mrs Michelle Earl | England | 65 years | Mar 2022 | - | Director |
P&L
June 2023turnover
363.8k
-5%
operating profit
-43.6k
0%
gross margin
71.1%
+2.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
711.9k
-0.03%
total assets
727.6k
-0.03%
cash
371.3k
-0.07%
net assets
Total assets minus all liabilities
Similar Companies
mitex limited company details
company number
01708531
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
March 1983
age
42
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
aston house, cornwall avenue, london, N3 1LF
Bank
BARCLAYS BANK PLC
Legal Advisor
-
mitex 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 6 charges/mortgages relating to mitex limited. Currently there are 0 open charges and 6 have been satisfied in the past.
mitex 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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mitex limited Companies House Filings - See Documents
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