Pomanda estimates the enterprise value of MICOR LIMITED at £2.3m based on a Turnover of £7m and 0.33x industry multiple (adjusted for size and gross margin).
micor limitedEstimated Valuation
£964.3k
Pomanda estimates the enterprise value of MICOR LIMITED at £964.3k based on an EBITDA of £297.5k and a 3.24x industry multiple (adjusted for size and gross margin).
micor limitedEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of MICOR LIMITED at £1.1m based on Net Assets of £490.9k and 2.21x industry multiple (adjusted for liquidity).
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Micor LimitedOverview
Micor Limited is a live company located in essex, SS9 3NA with a Companies House number of 02020514. It operates in the site preparation sector, SIC Code 43120. Founded in May 1986, it's largest shareholder is
michael corridan
with a 100% stake. Micor Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£7m with
high
growth in recent years.
Pomanda's financial health check has awarded Micor Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £7m, make it larger than the average company (£2.7m)
£7m - Micor Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (7.6%)
22% - Micor Limited
7.6% - Industry AVG
Production
with a gross margin of 16.1%, this company has a higher cost of product (23.6%)
16.1% - Micor Limited
23.6% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (5.5%)
2.9% - Micor Limited
5.5% - Industry AVG
Employees
with 25 employees, this is below the industry average (57)
25 - Micor Limited
57 - Industry AVG
Pay Structure
on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)
£34.8k - Micor Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £278.5k, this is more efficient (£162.6k)
£278.5k - Micor Limited
£162.6k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (62 days)
76 days - Micor Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 117 days, this is slower than average (52 days)
117 days - Micor Limited
52 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Micor Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Micor Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.1%, this is a higher level of debt than the average (69.6%)
81.1% - Micor Limited
69.6% - Industry AVG
MICOR LIMITED financials
EXPORT
Micor Limited's latest turnover from March 2015 is estimated at £7 million and the company has net assets of £490.9 thousand. According to their latest financial statements, we estimate that Micor Limited has 25 employees and maintains cash reserves of £6.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Jul 2009
Turnover
6,963,545
7,290,836
8,793,004
3,812,256
3,226,729
2,630,707
Other Income Or Grants
Cost Of Sales
5,841,905
6,367,910
7,592,071
3,331,238
2,853,221
2,268,485
Gross Profit
1,121,640
922,925
1,200,933
481,018
373,509
362,222
Admin Expenses
918,978
893,042
1,094,630
444,699
537,973
503,401
-702,332
Operating Profit
202,662
29,883
106,303
36,319
-164,464
-141,179
702,332
Interest Payable
Interest Receivable
26
11
Pre-Tax Profit
202,689
29,894
106,303
36,319
-164,464
-141,179
702,332
Tax
-42,565
-6,876
-25,513
-9,443
-196,653
Profit After Tax
160,124
23,018
80,790
26,876
-164,464
-141,179
505,679
Dividends Paid
Retained Profit
160,124
23,018
80,790
26,876
-164,464
-141,179
505,679
Employee Costs
870,588
961,767
1,125,517
535,383
564,808
512,813
Number Of Employees
25
27
34
16
17
15
EBITDA*
297,467
132,157
220,608
146,223
-50,416
-36,673
888,391
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Jul 2009
Tangible Assets
1,127,414
982,137
1,010,411
989,131
1,026,445
902,510
1,004,974
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,127,414
982,137
1,010,411
989,131
1,026,445
902,510
1,004,974
Stock & work in progress
1,582,823
410,424
584,526
192,849
763,918
Trade Debtors
1,465,226
1,633,238
631,045
366,002
416,276
148,945
Group Debtors
Misc Debtors
Cash
6,351
4,201
misc current assets
total current assets
1,471,577
1,637,439
1,582,823
1,041,469
950,528
609,125
912,863
total assets
2,598,991
2,619,576
2,593,234
2,030,600
1,976,973
1,511,635
1,917,837
Bank overdraft
Bank loan
Trade Creditors
1,872,908
2,087,134
2,063,138
1,595,373
1,535,366
982,743
1,102,366
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
1,872,908
2,087,134
2,063,138
1,595,373
1,535,366
982,743
1,102,366
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
49,430
61,124
81,796
67,717
100,973
23,794
154,123
provisions
185,709
140,498
140,498
140,498
140,498
140,498
155,569
total long term liabilities
235,139
201,622
222,294
208,215
241,471
164,292
309,692
total liabilities
2,108,047
2,288,756
2,285,432
1,803,588
1,776,837
1,147,035
1,412,058
net assets
490,944
330,820
307,802
227,012
200,136
364,600
505,779
total shareholders funds
490,944
330,820
307,802
227,012
200,136
364,600
505,779
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Jul 2009
Operating Activities
Operating Profit
202,662
29,883
106,303
36,319
-164,464
-141,179
702,332
Depreciation
94,805
102,274
114,305
109,904
114,048
104,506
186,059
Amortisation
Tax
-42,565
-6,876
-25,513
-9,443
-196,653
Stock
-1,582,823
1,172,399
-174,102
391,677
-571,069
763,918
Debtors
-168,012
1,633,238
-631,045
265,043
-50,274
267,331
148,945
Creditors
-214,226
23,996
467,765
60,007
552,623
-119,623
1,102,366
Accruals and Deferred Income
Deferred Taxes & Provisions
45,211
-15,071
155,569
Cash flow from operations
253,899
98,862
121,506
105,846
160,804
132,371
1,036,810
Investing Activities
capital expenditure
-240,082
-74,000
-135,585
-72,590
-237,983
-2,042
-1,191,033
Change in Investments
cash flow from investments
-240,082
-74,000
-135,585
-72,590
-237,983
-2,042
-1,191,033
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-11,694
-20,672
14,079
-33,256
77,179
-130,329
154,123
share issue
100
interest
26
11
cash flow from financing
-11,668
-20,661
14,079
-33,256
77,179
-130,329
154,223
cash and cash equivalents
cash
2,150
4,201
overdraft
change in cash
2,150
4,201
micor limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for micor limited. Get real-time insights into micor limited's credit score, group structure and payment trends.
Perform a competitor analysis for micor limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in SS9 area or any other competitors across 12 key performance metrics.
micor limited Ownership
MICOR LIMITED group structure
Micor Limited has no subsidiary companies.
Ultimate parent company
MICOR LIMITED
02020514
MICOR LIMITED Shareholders
The sole shareholder of Micor Limited is Michael Corridan.
michael corridan
100%
micor limited directors
Micor Limited currently has 1 director, Mr Michael Corridan serving since Dec 1991.
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 9 charges/mortgages relating to micor limited. Currently there are 6 open charges and 3 have been satisfied in the past.
micor 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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micor limitedCompanies House Filings - See Documents
