Missett Ventures Limited

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missett ventures limited Company Information

Dissolved

Company Number

02037091

Website

Registered Address

lake house, market hill, royston, herts, SG8 9JN

Industry

Hotels and similar accommodation

Licensed restaurants

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Jennifer Strange33 Years

David Strange33 Years

Shareholders

mrs jennifer judy strange 50%

mr david strange 50%

missett ventures limited Estimated Valuation

£36.3k

Pomanda estimates the enterprise value of MISSETT VENTURES LIMITED at £36.3k based on a Turnover of £50.8k and 0.71x industry multiple (adjusted for size and gross margin).

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Missett Ventures Limited is a dissolved company that was located in royston, SG8 9JN with a Companies House number of 02037091. It operated in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 1986, it's largest shareholder was mrs jennifer judy strange with a 50% stake. The last turnover for Missett Ventures Limited was estimated at £50.8k.

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Pomanda's financial health check has awarded Missett Ventures Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £50.8k, make it smaller than the average company (£2.4m)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (-4.2%)

EXPORT

Missett Ventures Limited's latest turnover from November 2022 is estimated at £50.8 thousand and the company has net assets of -£9.4 thousand. According to their latest financial statements, Missett Ventures Limited has 2 employees and maintains cash reserves of £5.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Jan 2021	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	50,801	40,099	282,896	143,409	167,417	111,324	102,125	15,488	17,851	10,138	11,778	9,319	9,129	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	31,530	32,421	203,710	85,765	99,729	64,181	58,855	8,958	10,497	6,079	7,095	5,526	5,274	0
Gross Profit	19,271	7,678	79,185	57,644	67,687	47,143	43,270	6,530	7,354	4,058	4,682	3,794	3,854	0
Admin Expenses	19,910	56,638	142,821	62,566	73,645	37,911	35,373	2,747	-12,690	-6,875	1,386	6,473	10,016	71,203
Operating Profit	-639	-48,960	-63,636	-4,922	-5,958	9,232	7,897	3,783	20,044	10,933	3,296	-2,679	-6,162	-71,203
Interest Payable	0	0	0	0	337	312	0	0	0	0	0	0	0	0
Interest Receivable	241	5	0	3	6	5	5	4	3	7	9	7	17	13
Pre-Tax Profit	-399	-48,955	-63,636	-4,919	-6,289	8,925	7,901	3,788	20,047	10,940	3,305	-2,672	-6,145	-71,190
Tax	0	0	0	0	0	-1,696	-1,580	-757	-4,210	-2,516	-793	0	0	0
Profit After Tax	-399	-48,955	-63,636	-4,919	-6,289	7,229	6,321	3,030	15,837	8,424	2,512	-2,672	-6,145	-71,190
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-399	-48,955	-63,636	-4,919	-6,289	7,229	6,321	3,030	15,837	8,424	2,512	-2,672	-6,145	-71,190
Employee Costs	39,583	52,634	89,637	92,124	88,859	85,048	83,944	16,376	15,630	15,534	14,892	14,737	14,488	0
Number Of Employees	2	3	5	5	5	5	5	1	1	1	1	1	1	0
EBITDA*	-639	-48,960	-61,266	-3,052	-4,023	11,164	9,799	5,806	22,125	13,168	5,729	-16	-3,311	-68,042

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Jan 2021	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	8,021	9,891	11,197	12,929	14,224	16,188	18,269	20,526	22,959	25,533	26,048
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	0	0	0	8,021	9,891	11,197	12,929	14,224	16,188	18,269	20,526	22,959	25,533	26,048
Stock & work in progress	0	0	0	2,980	4,133	4,505	4,599	4,336	4,072	4,632	4,457	3,205	4,606	4,771
Trade Debtors	1,472	1,472	26,897	6,331	8,998	2,130	567	410	507	46	46	55	37	38
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	8,141	0	0	0	0	0	0	0	0
Cash	5,738	10,295	0	587	308	1,200	2,755	1,038	602	728	2,246	1,484	1,305	5,348
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,210	11,767	26,897	9,898	13,439	15,976	7,921	5,784	5,181	5,406	6,749	4,744	5,948	10,157
total assets	7,210	11,767	26,897	17,919	23,330	27,173	20,850	20,008	21,369	23,675	27,275	27,703	31,481	36,205
Bank overdraft	0	0	0	0	0	9,982	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	16,564	20,722	50,533	24,727	25,888	13,607	23,048	26,566	28,840	32,612	41,461	32,232	29,216	17,795
Group/Directors Accounts	0	0	0	746	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	16,564	20,722	50,533	25,473	25,888	23,589	23,048	26,566	28,840	32,612	41,461	32,232	29,216	17,795
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	1,424	3,455	5,517	19,819	23,309	35,478	39,600	49,600
provisions	0	0	0	308	385	238	261	191	246	315	0	0	0	0
total long term liabilities	0	0	0	308	385	238	1,685	3,646	5,763	20,134	23,309	35,478	39,600	49,600
total liabilities	16,564	20,722	50,533	25,781	26,273	23,827	24,733	30,212	34,603	52,746	64,770	67,710	68,816	67,395
net assets	-9,354	-8,955	-23,636	-7,862	-2,943	3,346	-3,883	-10,204	-13,234	-29,071	-37,495	-40,007	-37,335	-31,190
total shareholders funds	-9,354	-8,955	-23,636	-7,862	-2,943	3,346	-3,883	-10,204	-13,234	-29,071	-37,495	-40,007	-37,335	-31,190

	Nov 2022	Nov 2021	Jan 2021	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-639	-48,960	-63,636	-4,922	-5,958	9,232	7,897	3,783	20,044	10,933	3,296	-2,679	-6,162	-71,203
Depreciation	0	0	2,370	1,870	1,935	1,932	1,902	2,023	2,081	2,235	2,433	2,663	2,851	3,161
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-1,696	-1,580	-757	-4,210	-2,516	-793	0	0	0
Stock	0	0	0	-1,153	-372	-94	263	264	-560	175	1,252	-1,401	-165	4,771
Debtors	0	1,472	26,897	-2,667	-1,273	9,704	157	-97	461	0	-9	18	-1	38
Creditors	-4,158	20,722	50,533	-1,161	12,281	-9,441	-3,518	-2,274	-3,772	-8,849	9,229	3,016	11,421	17,795
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-77	147	-23	70	-55	-69	315	0	0	0	0
Cash flow from operations	-4,797	-29,710	-37,630	-470	10,050	-9,606	4,351	2,553	14,173	1,943	12,922	4,383	8,276	-55,056
Investing Activities
capital expenditure	0	0	-2,370	0	-629	-200	-607	-59	0	22	0	-89	-2,336	-29,209
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-2,370	0	-629	-200	-607	-59	0	22	0	-89	-2,336	-29,209
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	746	0	0	0	0	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	-1,424	-2,031	-2,062	-14,302	-3,490	-12,169	-4,122	-10,000	49,600
share issue	0	40,000	40,000	0	0	0	0	0	0	0	0	0	0	40,000
interest	241	5	0	3	-331	-307	5	4	3	7	9	7	17	13
cash flow from financing	241	40,005	40,000	749	-331	-1,731	-2,026	-2,058	-14,299	-3,483	-12,160	-4,115	-9,983	89,613
cash and cash equivalents
cash	-4,557	10,295	0	279	-892	-1,555	1,717	436	-126	-1,518	762	179	-4,043	5,348
overdraft	0	0	0	0	-9,982	9,982	0	0	0	0	0	0	0	0
change in cash	-4,557	10,295	0	279	9,090	-11,537	1,717	436	-126	-1,518	762	179	-4,043	5,348

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MISSETT VENTURES LIMITED group structure

Missett Ventures Limited has no subsidiary companies.

Ultimate parent company

MISSETT VENTURES LIMITED

02037091

MISSETT VENTURES LIMITED Shareholders

mrs jennifer judy strange	50%
mr david strange	50%

Missett Ventures Limited currently has 2 directors. The longest serving directors include Mrs Jennifer Strange (Jan 1991) and Mr David Strange (Jan 1991).

officer	country	age	start	end	role
Mrs Jennifer Strange	England	75 years	Jan 1991	-	Director
Mr David Strange	England	72 years	Jan 1991	-	Director

P&L

November 2022

turnover

50.8k

+27%

operating profit

-639.5

gross margin

38%

+98.12%

turnover

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

Balance Sheet

November 2022

net assets

-9.4k

+0.04%

total assets

7.2k

-0.39%

cash

5.7k

-0.44%

net assets

Total assets minus all liabilities

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company number

02037091

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

56101 - Licensed restaurants

incorporation date

July 1986

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

November 2022

address

lake house, market hill, royston, herts, SG8 9JN

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 missett ventures limited. Currently there are 7 open charges and 2 have been satisfied in the past.

missett ventures limited Company Information

missett ventures limited Estimated Valuation

missett ventures limited Estimated Valuation

missett ventures limited Estimated Valuation

Missett Ventures Limited Overview

Missett Ventures Limited Health Check

MISSETT VENTURES LIMITED financials

missett ventures limited Credit Report and Business Information

Missett Ventures Limited Competitor Analysis

missett ventures limited Ownership

missett ventures limited directors

missett ventures limited company details

missett ventures limited Charges & Mortgages

missett ventures limited Companies House Filings - See Documents