Mincrete Limited

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mincrete limited Company Information

Live

MatureMidHealthy

Company Number

01890492

Website

www.mincrete.co.uk

Registered Address

hobson street burslem, stoke-on-trent, staffs, ST6 2AW

Industry

Manufacture of ready-mixed concrete

Telephone

01785594040

Next Accounts Due

September 2024

Group Structure

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Directors

Christopher Rhodes16 Years

Richard Evans16 Years

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Shareholders

rhodevans limited 97.8%

lee arthur vickers 1.1%

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mincrete limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of MINCRETE LIMITED at £6.2m based on a Turnover of £11.3m and 0.55x industry multiple (adjusted for size and gross margin).

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Mincrete Limited is a live company located in staffs, ST6 2AW with a Companies House number of 01890492. It operates in the manufacture of ready-mixed concrete sector, SIC Code 23630. Founded in February 1985, it's largest shareholder is rhodevans limited with a 97.8% stake. Mincrete Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mincrete Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £11.3m, make it smaller than the average company (£17.9m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.9%)

EXPORT

Mincrete Limited's latest turnover from December 2022 is estimated at £11.3 million and the company has net assets of £1.7 million. According to their latest financial statements, Mincrete Limited has 34 employees and maintains cash reserves of £352.8 thousand 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	11,297,567	7,794,099	7,540,950	8,161,924	8,379,071	6,090,376	5,113,961	4,387,932	3,721,812	2,345,937	1,677,072	2,532,177	1,560,196	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,203,027	6,533,633	6,445,172	6,843,130	6,732,410	4,861,636	4,104,876	3,582,866	3,061,742	1,867,595	1,334,217	1,970,781	1,187,486	0
Gross Profit	2,094,540	1,260,465	1,095,778	1,318,794	1,646,661	1,228,741	1,009,085	805,066	660,071	478,343	342,855	561,396	372,711	0
Admin Expenses	1,446,424	1,002,061	1,062,349	1,300,241	1,407,067	964,771	710,560	784,447	590,524	391,413	224,636	465,554	275,554	30,394
Operating Profit	648,116	258,404	33,429	18,553	239,594	263,970	298,525	20,619	69,547	86,930	118,219	95,842	97,157	-30,394
Interest Payable	33,035	43,753	34,831	14,206	16,750	16,348	5,275	4,390	0	0	0	0	0	0
Interest Receivable	9,891	873	246	247	255	1,066	525	168	432	368	433	404	154	80
Pre-Tax Profit	624,972	215,525	-1,156	4,594	223,099	248,689	293,775	16,398	69,978	87,299	118,651	96,246	97,311	-30,314
Tax	-118,745	-40,950	0	-873	-42,389	-47,251	-58,755	-3,279	-14,695	-20,079	-28,476	-25,024	-27,247	0
Profit After Tax	506,227	174,575	-1,156	3,721	180,710	201,438	235,020	13,118	55,283	67,220	90,175	71,222	70,064	-30,314
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	506,227	174,575	-1,156	3,721	180,710	201,438	235,020	13,118	55,283	67,220	90,175	71,222	70,064	-30,314
Employee Costs	1,487,899	1,084,155	1,208,075	1,018,845	770,306	752,315	607,383	837,044	542,887	382,174	264,066	348,954	245,533	0
Number Of Employees	34	27	31	27	21	21	17	24	17	12	8	11	8	0
EBITDA*	1,006,639	285,057	286,146	376,220	553,460	561,391	483,156	244,951	261,574	211,223	188,012	153,156	161,257	35,353

* 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	2,174,711	1,870,828	1,852,680	2,008,883	1,620,800	1,267,711	636,508	735,768	847,333	558,688	323,574	208,764	233,483	245,624
Intangible Assets	6,847	7,675	0	0	0	0	0	0	0	0	0	334	667	0
Investments & Other	880	830	830	830	150	150	150	150	150	0	0	0	0	0
Debtors (Due After 1 year)	0	357,387	284,844	373,754	276,532	0	97,337	126,337	35,337	52,537	104,137	0	0	0
Total Fixed Assets	2,182,438	2,236,720	2,138,354	2,383,467	1,897,482	1,267,861	733,995	862,255	882,820	611,225	427,711	209,098	234,150	245,624
Stock & work in progress	158,748	108,327	97,312	91,481	91,006	99,007	80,167	39,390	30,316	19,150	10,808	12,344	6,599	5,999
Trade Debtors	1,940,594	1,275,749	1,049,850	1,329,291	1,325,274	720,987	500,896	442,717	651,862	347,845	259,160	322,247	249,854	189,482
Group Debtors	1,195,163	479,091	391,168	266,698	581,615	977,518	725,686	313,065	0	0	0	0	0	0
Misc Debtors	53,495	176,543	198,285	266,825	129,553	400,851	55,832	90,576	0	0	0	0	0	0
Cash	352,751	212,450	486,332	4,907	60,857	7,095	419,391	586	66,653	106,034	41,271	131,821	29,633	32,030
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,700,751	2,252,160	2,222,947	1,959,202	2,188,305	2,205,458	1,781,972	886,334	748,831	473,029	311,239	466,412	286,086	227,511
total assets	5,883,189	4,488,880	4,361,301	4,342,669	4,085,787	3,473,319	2,515,967	1,748,589	1,631,651	1,084,254	738,950	675,510	520,236	473,135
Bank overdraft	24,767	153,563	93,789	308,408	9,085	408,606	0	47,444	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,351,963	1,471,827	1,474,898	1,585,976	1,874,319	1,277,788	1,254,725	572,931	823,209	532,212	406,033	486,756	362,126	368,253
Group/Directors Accounts	0	0	0	0	0	0	26,712	30,023	0	0	0	0	0	0
other short term finances	0	0	0	0	0	33,706	33,706	87,635	0	0	0	0	0	0
hp & lease commitments	324,126	264,957	292,506	391,951	331,473	0	161,974	0	0	0	0	0	0	0
other current liabilities	381,065	91,062	210,772	212,699	94,382	380,953	193,958	271,233	0	0	0	0	0	0
total current liabilities	3,081,921	1,981,409	2,071,965	2,499,034	2,309,259	2,101,053	1,671,075	1,009,266	823,209	532,212	406,033	486,756	362,126	368,253
loans	18,692	498,459	654,277	85,512	17,902	26,986	0	0	0	0	0	0	0	0
hp & lease commitments	685,903	542,248	387,812	605,853	659,303	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	0	0	0	0	0	459,891	166,207	294,034	384,291	209,726	94,408	47,165	92,607	117,002
provisions	443,690	320,008	275,066	178,933	130,387	97,163	91,897	93,521	85,200	58,347	21,459	15,617	10,753	3,194
total long term liabilities	1,148,285	1,360,715	1,317,155	870,298	807,592	584,040	258,104	387,555	469,491	268,073	115,867	62,782	103,360	120,196
total liabilities	4,230,206	3,342,124	3,389,120	3,369,332	3,116,851	2,685,093	1,929,179	1,396,821	1,292,700	800,285	521,900	549,538	465,486	488,449
net assets	1,652,983	1,146,756	972,181	973,337	968,936	788,226	586,788	351,768	338,951	283,969	217,050	125,972	54,750	-15,314
total shareholders funds	1,652,983	1,146,756	972,181	973,337	968,936	788,226	586,788	351,768	338,951	283,969	217,050	125,972	54,750	-15,314

	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	648,116	258,404	33,429	18,553	239,594	263,970	298,525	20,619	69,547	86,930	118,219	95,842	97,157	-30,394
Depreciation	357,695	26,653	252,717	357,667	313,866	297,421	184,631	224,332	192,027	124,293	69,459	56,981	63,767	65,747
Amortisation	828	0	0	0	0	0	0	0	0	0	334	333	333	0
Tax	-118,745	-40,950	0	-873	-42,389	-47,251	-58,755	-3,279	-14,695	-20,079	-28,476	-25,024	-27,247	0
Stock	50,421	11,015	5,831	475	-8,001	18,840	40,777	9,074	11,166	8,342	-1,536	5,745	600	5,999
Debtors	900,482	364,623	-312,421	-76,406	213,618	719,605	407,056	285,496	286,817	37,085	41,050	72,393	60,372	189,482
Creditors	880,136	-3,071	-111,078	-288,343	596,531	23,063	681,794	-250,278	290,997	126,179	-80,723	124,630	-6,127	368,253
Accruals and Deferred Income	290,003	-119,710	-1,927	118,317	-286,571	186,995	-77,275	271,233	0	0	0	0	0	0
Deferred Taxes & Provisions	123,682	44,942	96,133	48,546	33,224	5,266	-1,624	8,321	26,853	36,888	5,842	4,864	7,559	3,194
Cash flow from operations	1,230,812	-209,370	575,864	329,798	648,638	-8,981	579,463	-23,622	266,746	308,784	45,141	179,488	74,470	211,319
Investing Activities
capital expenditure	-661,578	-52,476	-96,514	-745,750	-666,955	-928,624	-85,371	-112,767	-480,672	-359,407	-184,269	-32,262	-52,626	-311,371
Change in Investments	50	0	0	680	0	0	0	0	150	0	0	0	0	0
cash flow from investments	-661,628	-52,476	-96,514	-746,430	-666,955	-928,624	-85,371	-112,767	-480,822	-359,407	-184,269	-32,262	-52,626	-311,371
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	-26,712	-3,311	30,023	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-33,706	0	-53,929	87,635	0	0	0	0	0	0
Long term loans	-479,767	-155,818	568,765	67,610	-9,084	26,986	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	202,824	126,887	-317,486	7,028	990,776	-161,974	161,974	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-459,891	293,684	-127,827	-90,257	174,565	115,318	47,243	-45,442	-24,395	117,002
share issue	0	0	0	680	0	0	0	-301	-301	-301	903	0	0	15,000
interest	-23,144	-42,880	-34,585	-13,959	-16,495	-15,282	-4,750	-4,222	432	368	433	404	154	80
cash flow from financing	-300,087	-71,811	216,694	61,359	471,600	116,702	-27,843	22,878	174,696	115,385	48,579	-45,038	-24,241	132,082
cash and cash equivalents
cash	140,301	-273,882	481,425	-55,950	53,762	-412,296	418,805	-66,067	-39,381	64,763	-90,550	102,188	-2,397	32,030
overdraft	-128,796	59,774	-214,619	299,323	-399,521	408,606	-47,444	47,444	0	0	0	0	0	0
change in cash	269,097	-333,656	696,044	-355,273	453,283	-820,902	466,249	-113,511	-39,381	64,763	-90,550	102,188	-2,397	32,030

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MINCRETE LIMITED group structure

Mincrete Limited has 3 subsidiary companies.

Ultimate parent company

RHODEVANS LIMITED

06822381

1 parent

MINCRETE LIMITED

01890492

3 subsidiaries

PICK'N'MIX CONCRETE LTD

13130339

PAY AS YOU POUR CONCRETE LTD

13133884

BULCON LIMITED

08735392

MINCRETE LIMITED Shareholders

rhodevans limited	97.83%
lee arthur vickers	1.08%
joann faulkner	1.08%

Mincrete Limited currently has 5 directors. The longest serving directors include Mr Christopher Rhodes (Jun 2008) and Mr Richard Evans (Jun 2008).

officer	country	age	start	end	role
Mr Christopher Rhodes	United Kingdom	62 years	Jun 2008	-	Director
Mr Richard Evans	England	55 years	Jun 2008	-	Director
Mr Richard Evans	England	55 years	Jun 2008	-	Director
Ms Joann Faulkner	England	53 years	Sep 2018	-	Director
Mr Lee Vickers	United Kingdom	41 years	Aug 2019	-	Director

P&L

December 2022

turnover

11.3m

+45%

operating profit

648.1k

gross margin

18.6%

+14.64%

turnover

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

Balance Sheet

December 2022

net assets

1.7m

+0.44%

total assets

5.9m

+0.31%

cash

352.8k

+0.66%

net assets

Total assets minus all liabilities

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company number

01890492

Type

Private limited with Share Capital

industry

23630 - Manufacture of ready-mixed concrete

incorporation date

February 1985

accounts

Total Exemption Full

ultimate parent company

RHODEVANS LIMITED

previous names

N/A

last accounts submitted

December 2022

address

hobson street burslem, stoke-on-trent, staffs, ST6 2AW

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 5 charges/mortgages relating to mincrete limited. Currently there are 5 open charges and 0 have been satisfied in the past.

mincrete limited Company Information

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mincrete limited Estimated Valuation

mincrete limited Estimated Valuation

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