Pomanda estimates the enterprise value of MIDLAND DECORATORS LIMITED at £816.4k based on a Turnover of £1.9m and 0.42x industry multiple (adjusted for size and gross margin).
midland decorators limitedEstimated Valuation
£389.2k
Pomanda estimates the enterprise value of MIDLAND DECORATORS LIMITED at £389.2k based on an EBITDA of £65.2k and a 5.97x industry multiple (adjusted for size and gross margin).
midland decorators limitedEstimated Valuation
£3.7m
Pomanda estimates the enterprise value of MIDLAND DECORATORS LIMITED at £3.7m based on Net Assets of £1.5m and 2.39x industry multiple (adjusted for liquidity).
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Midland Decorators LimitedOverview
Midland Decorators Limited is a live company located in birmingham, B32 3DB with a Companies House number of 01847053. It operates in the painting sector, SIC Code 43341. Founded in September 1984, it's largest shareholder is
andrew william palmer
with a 99.5% stake. Midland Decorators Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Midland Decorators Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £1.9m, make it larger than the average company (£152k)
£1.9m - Midland Decorators Limited
£152k - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (15.8%)
39% - Midland Decorators Limited
15.8% - Industry AVG
Production
with a gross margin of 34.1%, this company has a comparable cost of product (34.1%)
34.1% - Midland Decorators Limited
34.1% - Industry AVG
Profitability
an operating margin of 2.8% make it less profitable than the average company (6.9%)
2.8% - Midland Decorators Limited
6.9% - Industry AVG
Employees
with 10 employees, this is above the industry average (3)
10 - Midland Decorators Limited
3 - Industry AVG
Pay Structure
on an average salary of £33.9k, the company has an equivalent pay structure (£33.9k)
£33.9k - Midland Decorators Limited
£33.9k - Industry AVG
Efficiency
resulting in sales per employee of £193.6k, this is more efficient (£91k)
£193.6k - Midland Decorators Limited
£91k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (49 days)
33 days - Midland Decorators Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (24 days)
17 days - Midland Decorators Limited
24 days - Industry AVG
Stock Days
it holds stock equivalent to 49 days, this is more than average (3 days)
49 days - Midland Decorators Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 157 weeks, this is more cash available to meet short term requirements (24 weeks)
157 weeks - Midland Decorators Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.9%, this is a lower level of debt than the average (67.2%)
22.9% - Midland Decorators Limited
67.2% - Industry AVG
MIDLAND DECORATORS LIMITED financials
EXPORT
Midland Decorators Limited's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of £1.5 million. According to their latest financial statements, Midland Decorators Limited has 10 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
1,936,055
2,125,894
1,384,612
717,075
1,308,131
1,167,115
757,768
989,283
916,522
3,679,064
1,927,821
4,006,710
2,926,909
1,714,696
894,677
Other Income Or Grants
Cost Of Sales
1,275,299
1,415,982
912,101
483,738
943,134
843,818
496,966
615,470
610,165
2,567,133
1,384,231
2,785,681
2,105,856
1,153,114
590,075
Gross Profit
660,756
709,912
472,512
233,337
364,997
323,297
260,803
373,813
306,356
1,111,932
543,590
1,221,029
821,053
561,582
304,602
Admin Expenses
605,709
552,902
444,099
112,624
240,009
178,163
157,433
231,524
-34,869
1,060,010
539,480
1,212,405
763,912
654,353
-279,205
Operating Profit
55,047
157,010
28,413
120,713
124,988
145,134
103,370
142,289
341,225
51,922
4,110
8,624
57,141
-92,771
583,807
Interest Payable
449
449
Interest Receivable
71,415
52,939
9,423
1,187
975
7,297
4,810
2,200
3,236
2,196
1,566
1,009
1,054
1,699
1,162
Pre-Tax Profit
126,463
209,948
37,836
121,900
125,963
152,431
108,180
144,489
344,461
54,118
5,677
9,633
58,195
-91,520
584,521
Tax
-31,616
-39,890
-7,189
-23,161
-23,933
-28,962
-20,554
-28,898
-68,892
-11,365
-1,306
-2,312
-15,131
-163,666
Profit After Tax
94,847
170,058
30,647
98,739
102,030
123,469
87,626
115,591
275,569
42,753
4,371
7,321
43,064
-91,520
420,855
Dividends Paid
Retained Profit
94,847
170,058
30,647
98,739
102,030
123,469
87,626
115,591
275,569
42,753
4,371
7,321
43,064
-91,520
420,855
Employee Costs
338,638
293,125
293,161
292,231
333,340
391,816
319,267
294,473
284,925
1,141,953
613,668
1,177,325
963,818
624,350
352,893
Number Of Employees
10
10
10
10
10
11
9
9
9
37
20
40
34
23
13
EBITDA*
65,215
167,427
42,229
125,498
131,295
153,471
109,914
147,031
347,473
56,284
8,669
16,302
65,519
-82,499
587,862
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
31,866
30,590
41,007
14,136
18,921
25,228
20,070
14,884
19,626
13,892
14,801
22,935
25,013
31,011
9,762
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
31,866
30,590
41,007
14,136
18,921
25,228
20,070
14,884
19,626
13,892
14,801
22,935
25,013
31,011
9,762
Stock & work in progress
171,226
213,461
231,242
120,308
316,928
260,948
102,859
145,743
105,985
280,409
253,223
617,490
497,747
247,600
45,594
Trade Debtors
176,546
140,393
152,936
117,439
122,385
128,180
112,857
100,465
130,875
174,070
167,800
254,287
166,209
125,745
98,634
Group Debtors
Misc Debtors
228,692
163,826
134,120
55,975
141,255
145,226
103,377
140,860
101,302
Cash
1,382,121
1,338,460
1,152,764
1,360,005
1,013,287
935,716
1,010,068
913,913
845,848
448,522
429,773
196,686
206,713
214,800
464,813
misc current assets
total current assets
1,958,585
1,856,140
1,671,062
1,653,727
1,593,855
1,470,070
1,329,161
1,300,981
1,184,010
903,001
850,796
1,068,463
870,669
588,145
609,041
total assets
1,990,451
1,886,730
1,712,069
1,667,863
1,612,776
1,495,298
1,349,231
1,315,865
1,203,636
916,893
865,597
1,091,398
895,682
619,156
618,803
Bank overdraft
Bank loan
Trade Creditors
60,081
51,597
59,555
14,067
33,556
14,365
7,274
85,178
16,458
480,049
83,007
265,371
173,214
106,022
52,570
Group/Directors Accounts
388,499
436,307
262,144
106,654
63,415
other short term finances
13,800
hp & lease commitments
other current liabilities
394,950
394,560
381,999
413,928
438,091
441,834
426,327
402,683
474,765
total current liabilities
455,031
446,157
441,554
427,995
471,647
456,199
433,601
487,861
491,223
480,049
471,506
701,678
435,358
212,676
129,785
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
77,925
67,145
58,163
total long term liabilities
77,925
67,145
58,163
total liabilities
455,031
446,157
441,554
427,995
471,647
456,199
433,601
487,861
491,223
480,049
471,506
701,678
513,283
279,821
187,948
net assets
1,535,420
1,440,573
1,270,515
1,239,868
1,141,129
1,039,099
915,630
828,004
712,413
436,844
394,091
389,720
382,399
339,335
430,855
total shareholders funds
1,535,420
1,440,573
1,270,515
1,239,868
1,141,129
1,039,099
915,630
828,004
712,413
436,844
394,091
389,720
382,399
339,335
430,855
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
55,047
157,010
28,413
120,713
124,988
145,134
103,370
142,289
341,225
51,922
4,110
8,624
57,141
-92,771
583,807
Depreciation
10,168
10,417
13,816
4,785
6,307
8,337
6,544
4,742
6,248
4,362
4,559
7,678
8,378
10,272
4,055
Amortisation
Tax
-31,616
-39,890
-7,189
-23,161
-23,933
-28,962
-20,554
-28,898
-68,892
-11,365
-1,306
-2,312
-15,131
-163,666
Stock
-42,235
-17,781
110,934
-196,620
55,980
158,089
-42,884
39,758
-174,424
27,186
-364,267
119,743
250,147
202,006
45,594
Debtors
101,019
17,163
113,642
-90,226
-9,766
57,172
-25,091
9,148
58,107
6,270
-86,487
88,078
40,464
27,111
98,634
Creditors
8,484
-7,958
45,488
-19,489
19,191
7,091
-77,904
68,720
-463,591
397,042
-182,364
92,157
67,192
53,452
52,570
Accruals and Deferred Income
390
12,561
-31,929
-24,163
-3,743
15,507
23,644
-72,082
474,765
Deferred Taxes & Provisions
-77,925
10,780
8,982
58,163
Cash flow from operations
-16,311
132,758
-175,977
345,531
76,596
-68,154
103,075
65,865
406,072
408,505
275,753
-179,599
-162,251
-249,182
390,701
Investing Activities
capital expenditure
-11,444
-40,687
-13,495
-11,730
-11,982
-3,453
3,575
-5,600
-2,380
-31,521
-13,817
Change in Investments
cash flow from investments
-11,444
-40,687
-13,495
-11,730
-11,982
-3,453
3,575
-5,600
-2,380
-31,521
-13,817
Financing Activities
Bank loans
Group/Directors Accounts
-388,499
-47,808
174,163
155,490
43,239
63,415
Other Short Term Loans
-13,800
13,800
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
10,000
interest
71,415
52,939
9,423
1,187
975
7,297
4,810
2,200
3,236
2,196
1,566
1,009
1,054
1,250
713
cash flow from financing
71,415
52,939
9,423
1,187
975
7,297
4,810
2,200
3,236
-386,303
-46,242
175,172
156,544
30,689
87,928
cash and cash equivalents
cash
43,661
185,696
-207,241
346,718
77,571
-74,352
96,155
68,065
397,326
18,749
233,087
-10,027
-8,087
-250,013
464,813
overdraft
change in cash
43,661
185,696
-207,241
346,718
77,571
-74,352
96,155
68,065
397,326
18,749
233,087
-10,027
-8,087
-250,013
464,813
midland decorators limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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midland decorators limited Ownership
MIDLAND DECORATORS LIMITED group structure
Midland Decorators Limited has no subsidiary companies.
Ultimate parent company
MIDLAND DECORATORS LIMITED
01847053
MIDLAND DECORATORS LIMITED Shareholders
The largest shareholders in Midland Decorators Limited include Andrew William Palmer and Mr Richard Palmer.
andrew william palmer
99.5%
mr richard palmer
0.5%
midland decorators limited directors
Midland Decorators Limited currently has 1 director, Mr Andrew Palmer serving since Dec 1991.
woodgate business park, kettles wood drive, birmingham, west midlands, B32 3DB
Bank
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Legal Advisor
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midland decorators 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 9 charges/mortgages relating to midland decorators limited. Currently there are 5 open charges and 4 have been satisfied in the past.
midland decorators 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.
Click to start generating capital raising & share issue transactions for MIDLAND DECORATORS LIMITED. This can take several minutes, an email will notify you when this has completed.
midland decorators limitedCompanies House Filings - See Documents
