Millfield Enterprises (manufacturing) Limited

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millfield enterprises (manufacturing) limited Company Information

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MatureSmallHigh

Company Number

01998189

Website

http://wirelock.com

Registered Address

newburn industrial estate, shelley road, newcastle upon tyne, tyne & wear, NE15 9RT

Industry

Manufacture of plastics in primary forms

Telephone

01912648541

Next Accounts Due

December 2024

Group Structure

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Directors

Jonathan Dodd28 Years

Jill Dodd28 Years

Shareholders

millfield enterprises ltd 100%

millfield enterprises (manufacturing) limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of MILLFIELD ENTERPRISES (MANUFACTURING) LIMITED at £5.3m based on Net Assets of £2.7m and 1.94x industry multiple (adjusted for liquidity).

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Millfield Enterprises (manufacturing) Limited is a live company located in newcastle upon tyne, NE15 9RT with a Companies House number of 01998189. It operates in the manufacture of plastics in primary forms sector, SIC Code 20160. Founded in March 1986, it's largest shareholder is millfield enterprises ltd with a 100% stake. Millfield Enterprises (manufacturing) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with high growth in recent years.

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Pomanda's financial health check has awarded Millfield Enterprises (Manufacturing) 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 £4.4m, make it smaller than the average company (£25.3m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6%)

EXPORT

Millfield Enterprises (Manufacturing) Limited's latest turnover from March 2023 is estimated at £4.4 million and the company has net assets of £2.7 million. According to their latest financial statements, Millfield Enterprises (Manufacturing) Limited has 5 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	4,358,260	4,126,959	3,814,054	2,621,164	3,124,126	2,791,813	2,219,743	2,375,695	5,233,203	5,048,776	5,188,039	7,082,280	4,571,878	4,198,618
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,639,894	3,284,602	3,046,043	2,081,664	2,486,142	2,144,621	1,712,390	1,859,778	4,144,116	3,941,762	4,044,628	5,427,666	3,523,164	3,183,128
Gross Profit	718,366	842,357	768,012	539,500	637,984	647,192	507,354	515,917	1,089,087	1,107,013	1,143,411	1,654,613	1,048,714	1,015,489
Admin Expenses	-37,250	270,988	988,784	-150,196	676,675	1,926,427	85,119	1,040,563	158,461	-161,375	797,114	1,338,697	680,419	629,293
Operating Profit	755,616	571,369	-220,772	689,696	-38,691	-1,279,235	422,235	-524,646	930,626	1,268,388	346,297	315,916	368,295	386,196
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	58,597	4,885	604	586	1,752	1,659	866	3,697	4,421	2,903	3,492	2,608	1,438	549
Pre-Tax Profit	814,214	576,254	-220,168	690,283	-36,939	-1,277,576	423,101	-520,949	935,047	1,271,291	349,788	318,524	369,733	386,746
Tax	-154,701	-109,488	0	-131,154	0	0	-84,620	0	-196,360	-292,397	-83,949	-82,816	-103,525	-108,289
Profit After Tax	659,513	466,766	-220,168	559,129	-36,939	-1,277,576	338,481	-520,949	738,687	978,894	265,839	235,708	266,208	278,457
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	659,513	466,766	-220,168	559,129	-36,939	-1,277,576	338,481	-520,949	738,687	978,894	265,839	235,708	266,208	278,457
Employee Costs	234,032	218,711	222,655	219,910	175,033	168,537	158,697	161,925	840,037	768,182	749,636	988,571	656,707	749,327
Number Of Employees	5	5	5	5	4	4	4	4	22	21	21	28	18	22
EBITDA*	760,067	575,385	-216,962	693,931	-33,986	-1,274,008	428,043	-518,449	936,224	1,272,230	349,770	318,673	371,367	388,412

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	40,723	43,845	34,300	38,109	42,344	47,050	52,278	58,085	50,382	34,580	38,421	24,897	27,654	19,954
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	40,723	43,845	34,300	38,109	42,344	47,050	52,278	58,085	50,382	34,580	38,421	24,897	27,654	19,954
Stock & work in progress	316,652	164,783	141,694	192,527	133,123	166,103	134,771	125,222	164,573	126,437	150,457	118,730	123,337	85,355
Trade Debtors	1,156,340	1,410,225	1,308,848	732,344	1,036,913	1,005,797	778,884	828,892	1,560,708	1,665,710	1,150,846	1,520,042	1,017,845	961,977
Group Debtors	0	0	0	300,000	0	64,785	1,126,000	1,126,000	0	0	0	0	0	0
Misc Debtors	53,583	49,630	222,413	92,476	0	177,562	755,729	732,379	0	0	0	0	0	0
Cash	1,823,022	934,505	368,232	838,840	333,667	133,563	529,894	163,159	1,315,817	452,413	708,822	687,818	355,465	219,791
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,349,597	2,559,143	2,041,187	2,156,187	1,708,825	1,547,810	3,325,278	2,975,652	3,041,098	2,244,560	2,010,125	2,326,590	1,496,647	1,267,123
total assets	3,390,320	2,602,988	2,075,487	2,194,296	1,751,169	1,594,860	3,377,556	3,033,737	3,091,480	2,279,140	2,048,546	2,351,487	1,524,301	1,287,077
Bank overdraft	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
Trade Creditors	466,998	397,041	336,433	215,858	381,444	180,090	194,547	168,297	318,002	246,631	993,814	1,565,567	974,764	1,005,644
Group/Directors Accounts	207	135	0	0	0	0	497,310	514,552	0	0	0	0	0	0
other short term finances	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
other current liabilities	180,882	122,312	126,764	145,256	0	102,285	94,181	96,748	0	0	0	0	0	0
total current liabilities	648,087	519,488	463,197	361,114	476,480	282,375	786,038	779,597	318,002	246,631	993,814	1,565,567	974,764	1,005,644
loans	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
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	0	0	0	0	0	0	0	0	0
provisions	10,181	10,961	6,517	7,241	0	8,734	10,191	11,294	9,683	7,401	8,518	5,545	4,870	2,974
total long term liabilities	10,181	10,961	6,517	7,241	7,877	8,734	10,191	11,294	9,683	7,401	8,518	5,545	4,870	2,974
total liabilities	658,268	530,449	469,714	368,355	484,357	291,109	796,229	790,891	327,685	254,032	1,002,332	1,571,112	979,634	1,008,618
net assets	2,732,052	2,072,539	1,605,773	1,825,941	1,266,812	1,303,751	2,581,327	2,242,846	2,763,795	2,025,108	1,046,214	780,375	544,667	278,459
total shareholders funds	2,732,052	2,072,539	1,605,773	1,825,941	1,266,812	1,303,751	2,581,327	2,242,846	2,763,795	2,025,108	1,046,214	780,375	544,667	278,459

	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	755,616	571,369	-220,772	689,696	-38,691	-1,279,235	422,235	-524,646	930,626	1,268,388	346,297	315,916	368,295	386,196
Depreciation	4,451	4,016	3,810	4,235	4,705	5,227	5,808	6,197	5,598	3,842	3,473	2,757	3,072	2,216
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-154,701	-109,488	0	-131,154	0	0	-84,620	0	-196,360	-292,397	-83,949	-82,816	-103,525	-108,289
Stock	151,869	23,089	-50,833	59,404	-32,980	31,332	9,549	-39,351	38,136	-24,020	31,727	-4,607	37,982	85,355
Debtors	-249,932	-71,406	406,441	87,907	-211,231	-1,412,469	-26,658	1,126,563	-105,002	514,864	-369,196	502,197	55,868	961,977
Creditors	69,957	60,608	120,575	-165,586	201,354	-14,457	26,250	-149,705	71,371	-747,183	-571,753	590,803	-30,880	1,005,644
Accruals and Deferred Income	58,570	-4,452	-18,492	145,256	-102,285	8,104	-2,567	96,748	0	0	0	0	0	0
Deferred Taxes & Provisions	-780	4,444	-724	7,241	-8,734	-1,457	-1,103	1,611	2,282	-1,117	2,973	675	1,896	2,974
Cash flow from operations	831,176	574,814	-471,211	402,377	300,560	99,319	383,112	-1,657,007	880,383	-259,311	34,510	329,745	145,008	241,409
Investing Activities
capital expenditure	-1,329	-13,561	-1	0	1	1	-1	-13,900	-21,400	-1	-16,997	0	-10,772	-22,170
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,329	-13,561	-1	0	1	1	-1	-13,900	-21,400	-1	-16,997	0	-10,772	-22,170
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	72	135	0	0	0	-497,310	-17,242	514,552	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	58,597	4,885	604	586	1,752	1,659	866	3,697	4,421	2,903	3,492	2,608	1,438	549
cash flow from financing	58,669	5,020	604	586	1,752	-495,651	-16,376	518,249	4,421	2,903	3,492	2,608	1,438	551
cash and cash equivalents
cash	888,517	566,273	-470,608	505,173	200,104	-396,331	366,735	-1,152,658	863,404	-256,409	21,004	332,353	135,674	219,791
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	888,517	566,273	-470,608	505,173	200,104	-396,331	366,735	-1,152,658	863,404	-256,409	21,004	332,353	135,674	219,791

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILLFIELD ENTERPRISES (MANUFACTURING) LIMITED group structure

Millfield Enterprises (Manufacturing) Limited has no subsidiary companies.

Ultimate parent company

MILLFIELD ENTERPRISES GROUP LIMITED

09492611

MILLFIELD ENTERPRISES LIMITED

00761902

2 parents

MILLFIELD ENTERPRISES (MANUFACTURING) LIMITED

01998189

MILLFIELD ENTERPRISES (MANUFACTURING) LIMITED Shareholders

millfield enterprises ltd

100%

Millfield Enterprises (Manufacturing) Limited currently has 2 directors. The longest serving directors include Mr Jonathan Dodd (Jan 1996) and Mrs Jill Dodd (Jan 1996).

officer	country	age	start	end	role
Mr Jonathan Dodd	England	56 years	Jan 1996	-	Director
Mrs Jill Dodd		82 years	Jan 1996	-	Director

P&L

March 2023

turnover

4.4m

+6%

operating profit

755.6k

gross margin

16.5%

-19.25%

turnover

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

Balance Sheet

March 2023

net assets

2.7m

+0.32%

total assets

3.4m

+0.3%

cash

1.8m

+0.95%

net assets

Total assets minus all liabilities

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company number

01998189

Type

Private limited with Share Capital

industry

20160 - Manufacture of plastics in primary forms

incorporation date

March 1986

age

accounts

Total Exemption Full

ultimate parent company

MILLFIELD ENTERPRISES GROUP LIMITED

previous names

castle rose signs limited (September 1987)

eaglebarter limited (April 1986)

incorporated

address

newburn industrial estate, shelley road, newcastle upon tyne, tyne & wear, NE15 9RT

last accounts submitted

March 2023

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 3 charges/mortgages relating to millfield enterprises (manufacturing) limited. Currently there are 0 open charges and 3 have been satisfied in the past.

millfield enterprises (manufacturing) limited Company Information

millfield enterprises (manufacturing) limited Estimated Valuation

millfield enterprises (manufacturing) limited Estimated Valuation

millfield enterprises (manufacturing) limited Estimated Valuation

Millfield Enterprises (manufacturing) Limited Overview

Millfield Enterprises (manufacturing) Limited Health Check

MILLFIELD ENTERPRISES (MANUFACTURING) LIMITED financials

millfield enterprises (manufacturing) limited Credit Report and Business Information

Millfield Enterprises (manufacturing) Limited Competitor Analysis

millfield enterprises (manufacturing) limited Ownership

millfield enterprises (manufacturing) limited directors

millfield enterprises (manufacturing) limited company details

millfield enterprises (manufacturing) limited Charges & Mortgages

millfield enterprises (manufacturing) limited Companies House Filings - See Documents