mitas ag uk limited Company Information
Company Number
01930844
Next Accounts
Sep 2025
Industry
Manufacture of other rubber products
Shareholders
watts tyrres limited
Group Structure
View All
Contact
Registered Address
unit 5 lighthouse trade park, church road, lydney, gloucestershire, GL15 5EN
Website
www.trelleborg.commitas ag uk limited Estimated Valuation
Pomanda estimates the enterprise value of MITAS AG UK LIMITED at £7.9m based on a Turnover of £15.8m and 0.5x industry multiple (adjusted for size and gross margin).
mitas ag uk limited Estimated Valuation
Pomanda estimates the enterprise value of MITAS AG UK LIMITED at £2.2m based on an EBITDA of £573k and a 3.84x industry multiple (adjusted for size and gross margin).
mitas ag uk limited Estimated Valuation
Pomanda estimates the enterprise value of MITAS AG UK LIMITED at £15m based on Net Assets of £8.2m and 1.84x industry multiple (adjusted for liquidity).
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Mitas Ag Uk Limited Overview
Mitas Ag Uk Limited is a live company located in lydney, GL15 5EN with a Companies House number of 01930844. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in July 1985, it's largest shareholder is watts tyrres limited with a 100% stake. Mitas Ag Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.8m with declining growth in recent years.
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Mitas Ag Uk Limited Health Check
Pomanda's financial health check has awarded Mitas Ag Uk 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
1 Regular
5 Weak
Size
annual sales of £15.8m, make it in line with the average company (£14.9m)
£15.8m - Mitas Ag Uk Limited
£14.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.7%)
-7% - Mitas Ag Uk Limited
5.7% - Industry AVG
Production
with a gross margin of 15.4%, this company has a higher cost of product (29.2%)
15.4% - Mitas Ag Uk Limited
29.2% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (5%)
3.6% - Mitas Ag Uk Limited
5% - Industry AVG
Employees
with 9 employees, this is below the industry average (78)
9 - Mitas Ag Uk Limited
78 - Industry AVG
Pay Structure
on an average salary of £60.7k, the company has a higher pay structure (£44.8k)
£60.7k - Mitas Ag Uk Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.8m, this is more efficient (£191.2k)
£1.8m - Mitas Ag Uk Limited
£191.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mitas Ag Uk Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mitas Ag Uk Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mitas Ag Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (9 weeks)
20 weeks - Mitas Ag Uk Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.6%, this is a lower level of debt than the average (40.2%)
3.6% - Mitas Ag Uk Limited
40.2% - Industry AVG
MITAS AG UK LIMITED financials
Mitas Ag Uk Limited's latest turnover from December 2023 is £15.8 million and the company has net assets of £8.2 million. According to their latest financial statements, Mitas Ag Uk Limited has 9 employees and maintains cash reserves of £117 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | 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 | 15,815,000 | 22,576,000 | 19,685,000 | 19,445,000 | 24,418,000 | 12,395,000 | 11,485,000 | 10,195,000 | 10,384,000 | 12,922,000 | 12,818,000 | 14,159,000 | 15,680,000 | 12,375,000 | 12,874,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 13,379,000 | 18,680,000 | 15,923,000 | 15,152,000 | 19,742,000 | 9,875,000 | 9,312,000 | 8,244,000 | 8,321,000 | 10,701,000 | 10,921,000 | 12,293,000 | 12,826,000 | 9,653,000 | 10,376,000 |
Gross Profit | 2,436,000 | 3,896,000 | 3,762,000 | 4,293,000 | 4,676,000 | 2,520,000 | 2,173,000 | 1,951,000 | 2,063,000 | 2,221,000 | 1,897,000 | 1,866,000 | 2,854,000 | 2,722,000 | 2,498,000 |
Admin Expenses | 1,863,000 | 2,731,000 | 3,425,000 | 3,479,000 | 4,110,000 | 2,089,000 | 1,909,000 | 1,538,000 | 1,801,000 | 1,866,000 | 1,577,000 | 1,721,000 | 2,004,000 | 2,231,000 | 2,154,000 |
Operating Profit | 573,000 | 1,165,000 | 337,000 | 814,000 | 566,000 | 431,000 | 264,000 | 413,000 | 262,000 | 355,000 | 320,000 | 145,000 | 850,000 | 491,000 | 344,000 |
Interest Payable | 23,000 | 11,000 | 10,000 | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 89,000 | 14,000 | 0 | 0 | 1,000 | 11,000 | 3,000 | 4,000 | 6,000 | 15,000 | 23,000 | 22,000 | 26,000 | 14,000 | 2,000 |
Pre-Tax Profit | 639,000 | 1,168,000 | 327,000 | 803,000 | 567,000 | 442,000 | 267,000 | 417,000 | 268,000 | 370,000 | 343,000 | 167,000 | 876,000 | 505,000 | 346,000 |
Tax | -159,000 | -219,000 | 15,000 | -145,000 | -154,000 | -89,000 | -52,000 | -86,000 | -59,000 | -84,000 | -80,000 | -47,000 | -209,000 | -180,000 | -110,000 |
Profit After Tax | 480,000 | 949,000 | 342,000 | 658,000 | 413,000 | 353,000 | 215,000 | 331,000 | 209,000 | 286,000 | 263,000 | 120,000 | 667,000 | 325,000 | 236,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 480,000 | 949,000 | 342,000 | 658,000 | 413,000 | 353,000 | 215,000 | 331,000 | -91,000 | -2,714,000 | 263,000 | 120,000 | 667,000 | 325,000 | 236,000 |
Employee Costs | 546,000 | 890,000 | 778,000 | 781,000 | 1,039,000 | 682,000 | 700,000 | 597,000 | 599,000 | 646,000 | 649,000 | 625,000 | 688,000 | 802,000 | 808,000 |
Number Of Employees | 9 | 16 | 14 | 17 | 18 | 12 | 13 | 11 | 11 | 11 | 12 | 12 | 15 | 18 | 21 |
EBITDA* | 573,000 | 1,180,000 | 354,000 | 834,000 | 588,000 | 464,000 | 286,000 | 434,000 | 262,000 | 390,000 | 355,000 | 163,000 | 871,000 | 512,000 | 365,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 0 | 0 | 1,000 | 4,000 | 9,000 | 16,000 | 35,000 | 20,000 | 23,000 | 36,000 | 187,000 | 54,000 | 68,000 | 12,000 | 29,000 |
Intangible Assets | 0 | 0 | 14,000 | 28,000 | 43,000 | 58,000 | 72,000 | 86,000 | 101,000 | 115,000 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 0 | 0 | 15,000 | 32,000 | 52,000 | 74,000 | 107,000 | 106,000 | 124,000 | 151,000 | 187,000 | 54,000 | 68,000 | 12,000 | 29,000 |
Stock & work in progress | 0 | 2,949,000 | 2,480,000 | 2,881,000 | 2,823,000 | 1,306,000 | 1,025,000 | 912,000 | 1,028,000 | 1,406,000 | 1,028,000 | 831,000 | 1,024,000 | 957,000 | 987,000 |
Trade Debtors | 0 | 5,089,000 | 6,418,000 | 5,286,000 | 5,154,000 | 1,819,000 | 2,280,000 | 2,190,000 | 2,613,000 | 1,739,000 | 2,116,000 | 2,446,000 | 2,742,000 | 2,702,000 | 3,143,000 |
Group Debtors | 8,377,000 | 3,779,000 | 2,333,000 | 2,194,000 | 2,886,000 | 3,310,000 | 3,030,000 | 2,956,000 | 1,596,000 | 2,380,000 | 4,382,000 | 4,933,000 | 5,237,000 | 4,457,000 | 3,580,000 |
Misc Debtors | 0 | 178,000 | 461,000 | 217,000 | 266,000 | 350,000 | 25,000 | 25,000 | 29,000 | 37,000 | 192,000 | 159,000 | 117,000 | 89,000 | 113,000 |
Cash | 117,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 8,494,000 | 11,995,000 | 11,692,000 | 10,578,000 | 11,129,000 | 6,785,000 | 6,360,000 | 6,083,000 | 5,266,000 | 5,562,000 | 7,718,000 | 8,369,000 | 9,120,000 | 8,205,000 | 7,823,000 |
total assets | 8,494,000 | 11,995,000 | 11,707,000 | 10,610,000 | 11,181,000 | 6,859,000 | 6,467,000 | 6,189,000 | 5,390,000 | 5,713,000 | 7,905,000 | 8,423,000 | 9,188,000 | 8,217,000 | 7,852,000 |
Bank overdraft | 0 | 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 | 0 |
Trade Creditors | 0 | 193,000 | 285,000 | 305,000 | 232,000 | 174,000 | 196,000 | 150,000 | 162,000 | 139,000 | 116,000 | 134,000 | 205,000 | 118,000 | 94,000 |
Group/Directors Accounts | 161,000 | 2,812,000 | 4,058,000 | 1,928,000 | 4,067,000 | 728,000 | 610,000 | 610,000 | 216,000 | 510,000 | 253,000 | 630,000 | 1,117,000 | 985,000 | 896,000 |
other short term finances | 0 | 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 | 0 |
other current liabilities | 141,000 | 1,278,000 | 601,000 | 1,956,000 | 1,119,000 | 607,000 | 664,000 | 647,000 | 561,000 | 522,000 | 280,000 | 666,000 | 993,000 | 908,000 | 981,000 |
total current liabilities | 302,000 | 4,283,000 | 4,944,000 | 4,189,000 | 5,418,000 | 1,509,000 | 1,470,000 | 1,407,000 | 939,000 | 1,171,000 | 649,000 | 1,430,000 | 2,315,000 | 2,011,000 | 1,971,000 |
loans | 0 | 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 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 302,000 | 4,283,000 | 4,944,000 | 4,189,000 | 5,418,000 | 1,509,000 | 1,470,000 | 1,407,000 | 939,000 | 1,171,000 | 649,000 | 1,430,000 | 2,315,000 | 2,011,000 | 1,971,000 |
net assets | 8,192,000 | 7,712,000 | 6,763,000 | 6,421,000 | 5,763,000 | 5,350,000 | 4,997,000 | 4,782,000 | 4,451,000 | 4,542,000 | 7,256,000 | 6,993,000 | 6,873,000 | 6,206,000 | 5,881,000 |
total shareholders funds | 8,192,000 | 7,712,000 | 6,763,000 | 6,421,000 | 5,763,000 | 5,350,000 | 4,997,000 | 4,782,000 | 4,451,000 | 4,542,000 | 7,256,000 | 6,993,000 | 6,873,000 | 6,206,000 | 5,881,000 |
Dec 2023 | 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 | 573,000 | 1,165,000 | 337,000 | 814,000 | 566,000 | 431,000 | 264,000 | 413,000 | 262,000 | 355,000 | 320,000 | 145,000 | 850,000 | 491,000 | 344,000 |
Depreciation | 0 | 1,000 | 3,000 | 5,000 | 7,000 | 19,000 | 8,000 | 6,000 | 35,000 | 35,000 | 18,000 | 21,000 | 21,000 | 21,000 | |
Amortisation | 0 | 14,000 | 14,000 | 15,000 | 15,000 | 14,000 | 14,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -159,000 | -219,000 | 15,000 | -145,000 | -154,000 | -89,000 | -52,000 | -86,000 | -59,000 | -84,000 | -80,000 | -47,000 | -209,000 | -180,000 | -110,000 |
Stock | -2,949,000 | 469,000 | -401,000 | 58,000 | 1,517,000 | 281,000 | 113,000 | -116,000 | -378,000 | 378,000 | 197,000 | -193,000 | 67,000 | -30,000 | 987,000 |
Debtors | -669,000 | -166,000 | 1,515,000 | -609,000 | 2,827,000 | 144,000 | 164,000 | 933,000 | 82,000 | -2,534,000 | -848,000 | -558,000 | 848,000 | 412,000 | 6,836,000 |
Creditors | -193,000 | -92,000 | -20,000 | 73,000 | 58,000 | -22,000 | 46,000 | -12,000 | 23,000 | 23,000 | -18,000 | -71,000 | 87,000 | 24,000 | 94,000 |
Accruals and Deferred Income | -1,137,000 | 677,000 | -1,355,000 | 837,000 | 512,000 | -57,000 | 17,000 | 86,000 | 39,000 | 242,000 | -386,000 | -327,000 | 85,000 | -73,000 | 981,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 2,702,000 | 1,243,000 | -2,120,000 | 2,150,000 | -3,340,000 | -129,000 | 20,000 | -395,000 | 2,727,000 | 522,000 | 469,000 | -81,000 | -99,000 | -6,493,000 | |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -2,651,000 | -1,246,000 | 2,130,000 | -2,139,000 | 3,339,000 | 118,000 | 0 | 394,000 | -294,000 | 257,000 | -377,000 | -487,000 | 132,000 | 89,000 | 896,000 |
Other Short Term Loans | 0 | 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 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 66,000 | 3,000 | -10,000 | -11,000 | 1,000 | 11,000 | 3,000 | 4,000 | 6,000 | 15,000 | 23,000 | 22,000 | 26,000 | 14,000 | 2,000 |
cash flow from financing | -2,585,000 | -1,243,000 | 2,120,000 | -2,150,000 | 3,340,000 | 129,000 | 3,000 | 398,000 | -288,000 | 272,000 | -354,000 | -465,000 | 158,000 | 103,000 | 6,543,000 |
cash and cash equivalents | |||||||||||||||
cash | 117,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 117,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
mitas ag uk limited Credit Report and Business Information
Mitas Ag Uk Limited Competitor Analysis
Perform a competitor analysis for mitas ag uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in GL15 area or any other competitors across 12 key performance metrics.
mitas ag uk limited Ownership
MITAS AG UK LIMITED group structure
Mitas Ag Uk Limited has no subsidiary companies.
Ultimate parent company
YOKOHAMA TWS HOLDING AB
#0166497
2 parents
MITAS AG UK LIMITED
01930844
mitas ag uk limited directors
Mitas Ag Uk Limited currently has 2 directors. The longest serving directors include Mr Salvatore Marino (May 2010) and Mr Elio Bartoli (Dec 2024).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Salvatore Marino | England | 60 years | May 2010 | - | Director |
Mr Elio Bartoli | England | 47 years | Dec 2024 | - | Director |
P&L
December 2023turnover
15.8m
-30%
operating profit
573k
-51%
gross margin
15.5%
-10.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.2m
+0.06%
total assets
8.5m
-0.29%
cash
117k
0%
net assets
Total assets minus all liabilities
mitas ag uk limited company details
company number
01930844
Type
Private limited with Share Capital
industry
22190 - Manufacture of other rubber products
incorporation date
July 1985
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
trelleborg wheel systems uk limited (October 2023)
spondon plastics limited (December 2001)
accountant
-
auditor
HAZLEWOODS LLP
address
unit 5 lighthouse trade park, church road, lydney, gloucestershire, GL15 5EN
Bank
SKANDINAVISKA
Legal Advisor
-
mitas ag uk 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 did not find charges/mortgages relating to mitas ag uk limited.
mitas ag uk limited Capital Raised & Share Issues BETA
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mitas ag uk limited Companies House Filings - See Documents
date | description | view/download |
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