midland general omnibus company limited(the)
midland general omnibus company limited(the) Company Information
Company Number
02014103
Next Accounts
Sep 2025
Shareholders
wellglade ltd
Group Structure
View All
Industry
Other passenger land transport n.e.c.
Registered Address
mansfield road, heanor, derbyshire, DE75 7BG
midland general omnibus company limited(the) Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND GENERAL OMNIBUS COMPANY LIMITED(THE) at £1.2k based on a Turnover of £3k and 0.41x industry multiple (adjusted for size and gross margin).
midland general omnibus company limited(the) Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND GENERAL OMNIBUS COMPANY LIMITED(THE) at £0 based on an EBITDA of £-102k and a 3.37x industry multiple (adjusted for size and gross margin).
midland general omnibus company limited(the) Estimated Valuation
Pomanda estimates the enterprise value of MIDLAND GENERAL OMNIBUS COMPANY LIMITED(THE) at £1.5m based on Net Assets of £605k and 2.45x industry multiple (adjusted for liquidity).
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Midland General Omnibus Company Limited(the) Overview
Midland General Omnibus Company Limited(the) is a live company located in derbyshire, DE75 7BG with a Companies House number of 02014103. It operates in the other passenger land transport sector, SIC Code 49390. Founded in April 1986, it's largest shareholder is wellglade ltd with a 100% stake. Midland General Omnibus Company Limited(the) is a mature, micro sized company, Pomanda has estimated its turnover at £3k with declining growth in recent years.
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Midland General Omnibus Company Limited(the) Health Check
Pomanda's financial health check has awarded Midland General Omnibus Company Limited(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £3k, make it smaller than the average company (£1.3m)
£3k - Midland General Omnibus Company Limited(the)
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -78%, show it is growing at a slower rate (5.6%)
-78% - Midland General Omnibus Company Limited(the)
5.6% - Industry AVG
Production
with a gross margin of 27.1%, this company has a comparable cost of product (27.1%)
27.1% - Midland General Omnibus Company Limited(the)
27.1% - Industry AVG
Profitability
an operating margin of -3466.7% make it less profitable than the average company (7.2%)
-3466.7% - Midland General Omnibus Company Limited(the)
7.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (33)
5 - Midland General Omnibus Company Limited(the)
33 - Industry AVG
Pay Structure
on an average salary of £13.8k, the company has a lower pay structure (£27.1k)
£13.8k - Midland General Omnibus Company Limited(the)
£27.1k - Industry AVG
Efficiency
resulting in sales per employee of £600, this is less efficient (£70.2k)
£600 - Midland General Omnibus Company Limited(the)
£70.2k - Industry AVG
Debtor Days
it gets paid by customers after 365 days, this is later than average (22 days)
365 days - Midland General Omnibus Company Limited(the)
22 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Midland General Omnibus Company Limited(the)
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midland General Omnibus Company Limited(the)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 520 weeks, this is more cash available to meet short term requirements (51 weeks)
520 weeks - Midland General Omnibus Company Limited(the)
51 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1%, this is a lower level of debt than the average (39.6%)
1% - Midland General Omnibus Company Limited(the)
39.6% - Industry AVG
MIDLAND GENERAL OMNIBUS COMPANY LIMITED(THE) financials
Midland General Omnibus Company Limited(The)'s latest turnover from December 2023 is £3 thousand and the company has net assets of £605 thousand. According to their latest financial statements, Midland General Omnibus Company Limited(The) has 5 employees and maintains cash reserves of £60 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 | 3,000 | 72,000 | 181,000 | 292,000 | 406,000 | 370,000 | 352,000 | 340,000 | 357,000 | 393,000 | 558,000 | 942,000 | 730,000 | 680,000 | 591,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -104,000 | -67,000 | 11,000 | 123,000 | 130,000 | 100,000 | 48,000 | 24,000 | 28,000 | 25,000 | 27,000 | 87,000 | -10,000 | 98,000 | 139,000 |
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -104,000 | -67,000 | 11,000 | 123,000 | 130,000 | 100,000 | 48,000 | 24,000 | 28,000 | 25,000 | 27,000 | 87,000 | -10,000 | 98,000 | 139,000 |
| Tax | -2,000 | 3,000 | -5,000 | -1,000 | 1,000 | 1,000 | 2,000 | -6,000 | -7,000 | -6,000 | -19,000 | -4,000 | 18,000 | -25,000 | -37,000 |
| Profit After Tax | -106,000 | -64,000 | 6,000 | 122,000 | 131,000 | 101,000 | 50,000 | 18,000 | 21,000 | 19,000 | 8,000 | 83,000 | 8,000 | 73,000 | 102,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -106,000 | -64,000 | 6,000 | 122,000 | 131,000 | 101,000 | 50,000 | 18,000 | 21,000 | 19,000 | 8,000 | 83,000 | 8,000 | 73,000 | 102,000 |
| Employee Costs | 69,000 | 85,000 | 122,000 | 135,000 | 141,000 | 132,000 | 128,000 | 152,000 | 193,000 | 211,000 | 308,000 | 510,000 | 505,000 | 413,000 | 337,000 |
| Number Of Employees | 5 | 6 | 10 | 10 | 9 | 8 | 10 | 11 | 10 | 10 | 15 | 21 | 18 | 19 | 19 |
| EBITDA* | -102,000 | -64,000 | 16,000 | 137,000 | 157,000 | 131,000 | 80,000 | 56,000 | 59,000 | 57,000 | 97,000 | 150,000 | 15,000 | 118,000 | 146,000 |
* 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 | 1,000 | 3,000 | 8,000 | 13,000 | 33,000 | 45,000 | 76,000 | 106,000 | 141,000 | 186,000 | 262,000 | 279,000 | 179,000 | 177,000 | 141,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 4,000 | ||||||||||||||
| Total Fixed Assets | 1,000 | 3,000 | 8,000 | 13,000 | 33,000 | 45,000 | 76,000 | 106,000 | 141,000 | 186,000 | 262,000 | 279,000 | 179,000 | 177,000 | 145,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 3,000 | 1,000 | 9,000 | 18,000 | 37,000 | 81,000 | 62,000 | 54,000 | 61,000 | 105,000 | 68,000 | 97,000 | 53,000 | 85,000 | 81,000 |
| Group Debtors | 531,000 | 633,000 | 700,000 | 730,000 | 550,000 | 367,000 | 255,000 | 194,000 | 139,000 | 34,000 | |||||
| Misc Debtors | 16,000 | 20,000 | 25,000 | 29,000 | 39,000 | 33,000 | 31,000 | 30,000 | 29,000 | 26,000 | 25,000 | 40,000 | 32,000 | 32,000 | 25,000 |
| Cash | 60,000 | 60,000 | 60,000 | ||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 610,000 | 714,000 | 794,000 | 777,000 | 626,000 | 481,000 | 348,000 | 278,000 | 229,000 | 165,000 | 93,000 | 137,000 | 85,000 | 117,000 | 106,000 |
| total assets | 611,000 | 717,000 | 802,000 | 790,000 | 659,000 | 526,000 | 424,000 | 384,000 | 370,000 | 351,000 | 355,000 | 416,000 | 264,000 | 294,000 | 251,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 14,000 | 7,000 | 5,000 | 3,000 | 1,000 | 2,000 | 1,000 | 1,000 | |||||||
| Group/Directors Accounts | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 19,000 | 82,000 | 46,000 | 71,000 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 4,000 | 4,000 | 11,000 | 12,000 | 5,000 | 5,000 | 6,000 | 17,000 | 21,000 | 23,000 | 22,000 | 25,000 | 34,000 | 28,000 | 39,000 |
| total current liabilities | 6,000 | 6,000 | 27,000 | 21,000 | 12,000 | 10,000 | 9,000 | 19,000 | 23,000 | 25,000 | 43,000 | 107,000 | 35,000 | 75,000 | 110,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 5,000 | 10,000 | 13,000 | 11,000 | 6,000 | ||||||||||
| total long term liabilities | 5,000 | 10,000 | 13,000 | 11,000 | 6,000 | ||||||||||
| total liabilities | 6,000 | 6,000 | 27,000 | 21,000 | 12,000 | 10,000 | 9,000 | 19,000 | 23,000 | 25,000 | 48,000 | 117,000 | 48,000 | 86,000 | 116,000 |
| net assets | 605,000 | 711,000 | 775,000 | 769,000 | 647,000 | 516,000 | 415,000 | 365,000 | 347,000 | 326,000 | 307,000 | 299,000 | 216,000 | 208,000 | 135,000 |
| total shareholders funds | 605,000 | 711,000 | 775,000 | 769,000 | 647,000 | 516,000 | 415,000 | 365,000 | 347,000 | 326,000 | 307,000 | 299,000 | 216,000 | 208,000 | 135,000 |
| 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 | -104,000 | -67,000 | 11,000 | 123,000 | 130,000 | 100,000 | 48,000 | 24,000 | 28,000 | 25,000 | 27,000 | 87,000 | -10,000 | 98,000 | 139,000 |
| Depreciation | 2,000 | 3,000 | 5,000 | 14,000 | 27,000 | 31,000 | 32,000 | 32,000 | 31,000 | 32,000 | 70,000 | 63,000 | 25,000 | 20,000 | 7,000 |
| Amortisation | |||||||||||||||
| Tax | -2,000 | 3,000 | -5,000 | -1,000 | 1,000 | 1,000 | 2,000 | -6,000 | -7,000 | -6,000 | -19,000 | -4,000 | 18,000 | -25,000 | -37,000 |
| Stock | |||||||||||||||
| Debtors | -104,000 | -80,000 | -43,000 | 151,000 | 145,000 | 133,000 | 70,000 | 49,000 | 64,000 | 72,000 | -44,000 | 52,000 | -32,000 | 7,000 | 110,000 |
| Creditors | -14,000 | 7,000 | 2,000 | 2,000 | 2,000 | 1,000 | -2,000 | 2,000 | -1,000 | 1,000 | |||||
| Accruals and Deferred Income | -7,000 | -1,000 | 7,000 | -1,000 | -11,000 | -4,000 | -2,000 | 1,000 | -3,000 | -9,000 | 6,000 | -11,000 | 39,000 | ||
| Deferred Taxes & Provisions | -5,000 | -5,000 | -3,000 | 2,000 | 5,000 | 6,000 | |||||||||
| Cash flow from operations | -2,000 | 60,000 | -6,000 | 15,000 | 2,000 | -3,000 | -14,000 | -27,000 | 116,000 | 81,000 | 73,000 | 81,000 | 44,000 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -17,000 | -63,000 | 82,000 | -46,000 | -25,000 | 71,000 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -17,000 | -63,000 | 82,000 | -46,000 | -25,000 | 104,000 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 60,000 | ||||||||||||||
| overdraft | |||||||||||||||
| change in cash | 60,000 |
midland general omnibus company limited(the) Credit Report and Business Information
Midland General Omnibus Company Limited(the) Competitor Analysis
Perform a competitor analysis for midland general omnibus company limited(the) by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in DE75 area or any other competitors across 12 key performance metrics.
midland general omnibus company limited(the) Ownership
MIDLAND GENERAL OMNIBUS COMPANY LIMITED(THE) group structure
Midland General Omnibus Company Limited(The) has no subsidiary companies.
Ultimate parent company
2 parents
MIDLAND GENERAL OMNIBUS COMPANY LIMITED(THE)
02014103
midland general omnibus company limited(the) directors
Midland General Omnibus Company Limited(The) currently has 3 directors. The longest serving directors include Mr Richard Morgan (Dec 1991) and Mr Brian King (Dec 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Morgan | 73 years | Dec 1991 | - | Director | |
| Mr Brian King | 81 years | Dec 1991 | - | Director | |
| Mr Graham Sutton | England | 64 years | Jan 1996 | - | Director |
P&L
December 2023turnover
3k
-96%
operating profit
-104k
+55%
gross margin
27.2%
+6.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
605k
-0.15%
total assets
611k
-0.15%
cash
60k
0%
net assets
Total assets minus all liabilities
midland general omnibus company limited(the) company details
company number
02014103
Type
Private limited with Share Capital
industry
49390 - Other passenger land transport n.e.c.
incorporation date
April 1986
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
bilmore limited (February 1987)
accountant
-
auditor
PKF SMITH COOPER AUDIT LIMITED
address
mansfield road, heanor, derbyshire, DE75 7BG
Bank
-
Legal Advisor
-
midland general omnibus company limited(the) 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 2 charges/mortgages relating to midland general omnibus company limited(the). Currently there are 2 open charges and 0 have been satisfied in the past.
midland general omnibus company limited(the) 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 GENERAL OMNIBUS COMPANY LIMITED(THE). This can take several minutes, an email will notify you when this has completed.
midland general omnibus company limited(the) Companies House Filings - See Documents
| date | description | view/download |
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