mitas ag uk limited

mitas ag uk limited Company Information

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MatureMidDeclining

Company Number

01930844

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

mitas ag uk limited Estimated Valuation

£7.9m

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

£2.2m

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

£15m

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

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

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

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

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

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

Employees

with 9 employees, this is below the industry average (78)

9 - Mitas Ag Uk Limited

78 - Industry AVG

paystructure

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

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

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Mitas Ag Uk Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Mitas Ag Uk Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mitas Ag Uk Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover15,815,00022,576,00019,685,00019,445,00024,418,00012,395,00011,485,00010,195,00010,384,00012,922,00012,818,00014,159,00015,680,00012,375,00012,874,000
Other Income Or Grants000000000000000
Cost Of Sales13,379,00018,680,00015,923,00015,152,00019,742,0009,875,0009,312,0008,244,0008,321,00010,701,00010,921,00012,293,00012,826,0009,653,00010,376,000
Gross Profit2,436,0003,896,0003,762,0004,293,0004,676,0002,520,0002,173,0001,951,0002,063,0002,221,0001,897,0001,866,0002,854,0002,722,0002,498,000
Admin Expenses1,863,0002,731,0003,425,0003,479,0004,110,0002,089,0001,909,0001,538,0001,801,0001,866,0001,577,0001,721,0002,004,0002,231,0002,154,000
Operating Profit573,0001,165,000337,000814,000566,000431,000264,000413,000262,000355,000320,000145,000850,000491,000344,000
Interest Payable23,00011,00010,00011,00000000000000
Interest Receivable89,00014,000001,00011,0003,0004,0006,00015,00023,00022,00026,00014,0002,000
Pre-Tax Profit639,0001,168,000327,000803,000567,000442,000267,000417,000268,000370,000343,000167,000876,000505,000346,000
Tax-159,000-219,00015,000-145,000-154,000-89,000-52,000-86,000-59,000-84,000-80,000-47,000-209,000-180,000-110,000
Profit After Tax480,000949,000342,000658,000413,000353,000215,000331,000209,000286,000263,000120,000667,000325,000236,000
Dividends Paid00000000300,0003,000,00000000
Retained Profit480,000949,000342,000658,000413,000353,000215,000331,000-91,000-2,714,000263,000120,000667,000325,000236,000
Employee Costs546,000890,000778,000781,0001,039,000682,000700,000597,000599,000646,000649,000625,000688,000802,000808,000
Number Of Employees91614171812131111111212151821
EBITDA*573,0001,180,000354,000834,000588,000464,000286,000434,000262,000390,000355,000163,000871,000512,000365,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets001,0004,0009,00016,00035,00020,00023,00036,000187,00054,00068,00012,00029,000
Intangible Assets0014,00028,00043,00058,00072,00086,000101,000115,00000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets0015,00032,00052,00074,000107,000106,000124,000151,000187,00054,00068,00012,00029,000
Stock & work in progress02,949,0002,480,0002,881,0002,823,0001,306,0001,025,000912,0001,028,0001,406,0001,028,000831,0001,024,000957,000987,000
Trade Debtors05,089,0006,418,0005,286,0005,154,0001,819,0002,280,0002,190,0002,613,0001,739,0002,116,0002,446,0002,742,0002,702,0003,143,000
Group Debtors8,377,0003,779,0002,333,0002,194,0002,886,0003,310,0003,030,0002,956,0001,596,0002,380,0004,382,0004,933,0005,237,0004,457,0003,580,000
Misc Debtors0178,000461,000217,000266,000350,00025,00025,00029,00037,000192,000159,000117,00089,000113,000
Cash117,00000000000000000
misc current assets000000000000000
total current assets8,494,00011,995,00011,692,00010,578,00011,129,0006,785,0006,360,0006,083,0005,266,0005,562,0007,718,0008,369,0009,120,0008,205,0007,823,000
total assets8,494,00011,995,00011,707,00010,610,00011,181,0006,859,0006,467,0006,189,0005,390,0005,713,0007,905,0008,423,0009,188,0008,217,0007,852,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 0193,000285,000305,000232,000174,000196,000150,000162,000139,000116,000134,000205,000118,00094,000
Group/Directors Accounts161,0002,812,0004,058,0001,928,0004,067,000728,000610,000610,000216,000510,000253,000630,0001,117,000985,000896,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities141,0001,278,000601,0001,956,0001,119,000607,000664,000647,000561,000522,000280,000666,000993,000908,000981,000
total current liabilities302,0004,283,0004,944,0004,189,0005,418,0001,509,0001,470,0001,407,000939,0001,171,000649,0001,430,0002,315,0002,011,0001,971,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities302,0004,283,0004,944,0004,189,0005,418,0001,509,0001,470,0001,407,000939,0001,171,000649,0001,430,0002,315,0002,011,0001,971,000
net assets8,192,0007,712,0006,763,0006,421,0005,763,0005,350,0004,997,0004,782,0004,451,0004,542,0007,256,0006,993,0006,873,0006,206,0005,881,000
total shareholders funds8,192,0007,712,0006,763,0006,421,0005,763,0005,350,0004,997,0004,782,0004,451,0004,542,0007,256,0006,993,0006,873,0006,206,0005,881,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit573,0001,165,000337,000814,000566,000431,000264,000413,000262,000355,000320,000145,000850,000491,000344,000
Depreciation01,0003,0005,0007,00019,0008,0006,000035,00035,00018,00021,00021,00021,000
Amortisation014,00014,00015,00015,00014,00014,00015,0000000000
Tax-159,000-219,00015,000-145,000-154,000-89,000-52,000-86,000-59,000-84,000-80,000-47,000-209,000-180,000-110,000
Stock-2,949,000469,000-401,00058,0001,517,000281,000113,000-116,000-378,000378,000197,000-193,00067,000-30,000987,000
Debtors-669,000-166,0001,515,000-609,0002,827,000144,000164,000933,00082,000-2,534,000-848,000-558,000848,000412,0006,836,000
Creditors-193,000-92,000-20,00073,00058,000-22,00046,000-12,00023,00023,000-18,000-71,00087,00024,00094,000
Accruals and Deferred Income-1,137,000677,000-1,355,000837,000512,000-57,00017,00086,00039,000242,000-386,000-327,00085,000-73,000981,000
Deferred Taxes & Provisions000000000000000
Cash flow from operations2,702,0001,243,000-2,120,0002,150,000-3,340,000-129,00020,000-395,000561,0002,727,000522,000469,000-81,000-99,000-6,493,000
Investing Activities
capital expenditure000000-23,000-3,00027,0001,000-168,000-4,000-77,000-4,000-50,000
Change in Investments000000000000000
cash flow from investments000000-23,000-3,00027,0001,000-168,000-4,000-77,000-4,000-50,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-2,651,000-1,246,0002,130,000-2,139,0003,339,000118,0000394,000-294,000257,000-377,000-487,000132,00089,000896,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000000005,645,000
interest66,0003,000-10,000-11,0001,00011,0003,0004,0006,00015,00023,00022,00026,00014,0002,000
cash flow from financing-2,585,000-1,243,0002,120,000-2,150,0003,340,000129,0003,000398,000-288,000272,000-354,000-465,000158,000103,0006,543,000
cash and cash equivalents
cash117,00000000000000000
overdraft000000000000000
change in cash117,00000000000000000

mitas ag uk 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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Mitas Ag Uk Limited Competitor Analysis

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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 Shareholders

watts tyrres limited 100%

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).

officercountryagestartendrole
Mr Salvatore MarinoEngland60 years May 2010- Director
Mr Elio BartoliEngland47 years Dec 2024- Director

P&L

December 2023

turnover

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 2023

net 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

YOKOHAMA TWS HOLDING AB

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

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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mitas ag uk limited Companies House Filings - See Documents

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