michael collins & associates limited
michael collins & associates limited Company Information
Company Number
02189624
Registered Address
c/o nicholas hall, 7 johnston road, woodford green, essex, IG8 0XA
Industry
Other business support service activities n.e.c.
Telephone
01912605373
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
michael anthony collins 100%
zilda collins 0%
michael collins & associates limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL COLLINS & ASSOCIATES LIMITED at £168.9k based on a Turnover of £303.1k and 0.56x industry multiple (adjusted for size and gross margin).
michael collins & associates limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL COLLINS & ASSOCIATES LIMITED at £860.2k based on an EBITDA of £196k and a 4.39x industry multiple (adjusted for size and gross margin).
michael collins & associates limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL COLLINS & ASSOCIATES LIMITED at £1.2m based on Net Assets of £2.2m and 0.52x industry multiple (adjusted for liquidity).
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Michael Collins & Associates Limited Overview
Michael Collins & Associates Limited is a live company located in woodford green, IG8 0XA with a Companies House number of 02189624. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 1987, it's largest shareholder is michael anthony collins with a 100% stake. Michael Collins & Associates Limited is a mature, micro sized company, Pomanda has estimated its turnover at £303.1k with healthy growth in recent years.
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Michael Collins & Associates Limited Health Check
Pomanda's financial health check has awarded Michael Collins & Associates Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
2 Weak
Size
annual sales of £303.1k, make it smaller than the average company (£3.6m)
- Michael Collins & Associates Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (4.5%)
- Michael Collins & Associates Limited
4.5% - Industry AVG
Production
with a gross margin of 37.9%, this company has a comparable cost of product (37.9%)
- Michael Collins & Associates Limited
37.9% - Industry AVG
Profitability
an operating margin of 64.6% make it more profitable than the average company (6.2%)
- Michael Collins & Associates Limited
6.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (23)
2 - Michael Collins & Associates Limited
23 - Industry AVG
Pay Structure
on an average salary of £47.2k, the company has an equivalent pay structure (£47.2k)
- Michael Collins & Associates Limited
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £151.6k, this is equally as efficient (£151.6k)
- Michael Collins & Associates Limited
£151.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Michael Collins & Associates Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Michael Collins & Associates Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Michael Collins & Associates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 407 weeks, this is more cash available to meet short term requirements (25 weeks)
407 weeks - Michael Collins & Associates Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.2%, this is a lower level of debt than the average (62.1%)
8.2% - Michael Collins & Associates Limited
62.1% - Industry AVG
MICHAEL COLLINS & ASSOCIATES LIMITED financials
Michael Collins & Associates Limited's latest turnover from May 2023 is estimated at £303.2 thousand and the company has net assets of £2.2 million. According to their latest financial statements, Michael Collins & Associates Limited has 2 employees and maintains cash reserves of £992.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | ||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 184,934 | 119,523 | ||||||||||||
| Interest Payable | 107,532 | 111,690 | ||||||||||||
| Interest Receivable | 6,594 | 13,679 | ||||||||||||
| Pre-Tax Profit | 83,996 | 21,512 | ||||||||||||
| Tax | -18,152 | -4,335 | ||||||||||||
| Profit After Tax | 65,844 | 17,177 | ||||||||||||
| Dividends Paid | 0 | 150,000 | ||||||||||||
| Retained Profit | 65,844 | -132,823 | ||||||||||||
| Employee Costs | 97,191 | 179,978 | ||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | |||||
| EBITDA* | 185,912 | 120,746 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 269 | 336 | 421 | 526 | 657 | 821 | 1,026 | 1,171,282 | 1,171,602 | 2,003 | 2,504 | 3,130 | 1,173,913 | 1,174,891 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 975,000 | 1,725,000 | 1,725,000 | 1,725,000 | 1,725,000 | 1,725,000 | 1,725,000 | 0 | 0 | 1,170,000 | 1,170,000 | 1,170,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 975,269 | 1,725,336 | 1,725,421 | 1,725,526 | 1,725,657 | 1,725,821 | 1,726,026 | 1,171,282 | 1,171,602 | 1,172,003 | 1,172,504 | 1,173,130 | 1,173,913 | 1,174,891 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 394,302 | 394,302 | 394,302 | 740,383 | 740,383 | 740,383 | 1,218,000 | 1,218,000 |
| Trade Debtors | 0 | 0 | 0 | 0 | 2,470 | 9,341 | 465,438 | 465,913 | 472,283 | 399,130 | 420,769 | 437,560 | 5,449 | 23,987 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 458,205 | 454,172 | 454,172 | 454,172 | 454,172 | 454,172 | 0 | 0 | 0 | 0 | 0 | 0 | 605,806 | 396,166 |
| Cash | 992,248 | 431,668 | 407,778 | 375,455 | 424,505 | 658,450 | 106,747 | 57,281 | 224,839 | 191,021 | 244,921 | 297,276 | 198,022 | 928,571 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,450,453 | 885,840 | 861,950 | 829,627 | 881,147 | 1,121,963 | 966,487 | 917,496 | 1,091,424 | 1,330,534 | 1,406,073 | 1,475,219 | 2,027,277 | 2,566,724 |
| total assets | 2,425,722 | 2,611,176 | 2,587,371 | 2,555,153 | 2,606,804 | 2,847,784 | 2,692,513 | 2,088,778 | 2,263,026 | 2,502,537 | 2,578,577 | 2,648,349 | 3,201,190 | 3,741,615 |
| 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 | 40,000 | 40,000 | 0 | 40,000 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 411,438 | 410,365 | 493,281 | 471,180 | 420,072 | 508,406 | 491,218 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,633 | 0 | 0 | 0 | 0 | 1,697 |
| 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 | 126,697 | 125,545 | 114,683 | 117,137 | 193,630 | 271,915 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,015,790 |
| total current liabilities | 126,697 | 125,545 | 114,683 | 117,137 | 193,630 | 271,915 | 411,438 | 410,365 | 495,914 | 471,180 | 460,072 | 548,406 | 491,218 | 1,057,487 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 687,500 | 727,500 | 0 | 1,612,500 |
| 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 | 647,500 | 0 | 0 | 1,572,500 | 0 |
| provisions | 71,652 | 128,750 | 128,766 | 128,786 | 130,963 | 130,994 | 130,140 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 71,652 | 128,750 | 128,766 | 128,786 | 130,963 | 130,994 | 130,140 | 0 | 0 | 647,500 | 687,500 | 727,500 | 1,572,500 | 1,612,500 |
| total liabilities | 198,349 | 254,295 | 243,449 | 245,923 | 324,593 | 402,909 | 541,578 | 410,365 | 495,914 | 1,118,680 | 1,147,572 | 1,275,906 | 2,063,718 | 2,669,987 |
| net assets | 2,227,373 | 2,356,881 | 2,343,922 | 2,309,230 | 2,282,211 | 2,444,875 | 2,150,935 | 1,678,413 | 1,767,112 | 1,383,857 | 1,431,005 | 1,372,443 | 1,137,472 | 1,071,628 |
| total shareholders funds | 2,227,373 | 2,356,881 | 2,343,922 | 2,309,230 | 2,282,211 | 2,444,875 | 2,150,935 | 1,678,413 | 1,767,112 | 1,383,857 | 1,431,005 | 1,372,443 | 1,137,472 | 1,071,628 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 184,934 | 119,523 | ||||||||||||
| Depreciation | 67 | 85 | 105 | 131 | 164 | 205 | 256 | 320 | 401 | 501 | 626 | 783 | 978 | 1,223 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -18,152 | -4,335 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | -394,302 | 0 | 0 | -346,081 | 0 | 0 | -477,617 | 0 | 1,218,000 |
| Debtors | 4,033 | 0 | 0 | -2,470 | -6,871 | -1,925 | -475 | -6,370 | 73,153 | -21,639 | -16,791 | -173,695 | 191,102 | 420,153 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -411,438 | 1,073 | -82,916 | 22,101 | 51,108 | -88,334 | 17,188 | 491,218 | 0 |
| Accruals and Deferred Income | 1,152 | 10,862 | -2,454 | -76,493 | -78,285 | 271,915 | 0 | 0 | 0 | 0 | 0 | 0 | -1,015,790 | 1,015,790 |
| Deferred Taxes & Provisions | -57,098 | -16 | -20 | -2,177 | -31 | 854 | 130,140 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -547,914 | -505,952 | ||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | -1,185 | ||||||||||||
| Change in Investments | -750,000 | 0 | 0 | 0 | 0 | 0 | 1,725,000 | 0 | -1,170,000 | 0 | 0 | 1,170,000 | 0 | 0 |
| cash flow from investments | 0 | -1,185 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,000 | 0 | 40,000 | -40,000 | 40,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,633 | 2,633 | 0 | 0 | 0 | -1,697 | 1,697 |
| 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 | -687,500 | -40,000 | 727,500 | -1,612,500 | 1,612,500 |
| 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 | -647,500 | 647,500 | 0 | -1,572,500 | 1,572,500 | 0 |
| share issue | ||||||||||||||
| interest | -100,938 | -98,011 | ||||||||||||
| cash flow from financing | -182,635 | 2,760,637 | ||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 560,580 | 23,890 | 32,323 | -49,050 | -233,945 | 551,703 | 49,466 | -167,558 | 33,818 | -53,900 | -52,355 | 99,254 | -730,549 | 928,571 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 560,580 | 23,890 | 32,323 | -49,050 | -233,945 | 551,703 | 49,466 | -167,558 | 33,818 | -53,900 | -52,355 | 99,254 | -730,549 | 928,571 |
michael collins & associates limited Credit Report and Business Information
Michael Collins & Associates Limited Competitor Analysis
Perform a competitor analysis for michael collins & associates limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in IG8 area or any other competitors across 12 key performance metrics.
michael collins & associates limited Ownership
MICHAEL COLLINS & ASSOCIATES LIMITED group structure
Michael Collins & Associates Limited has no subsidiary companies.
Ultimate parent company
MICHAEL COLLINS & ASSOCIATES LIMITED
02189624
michael collins & associates limited directors
Michael Collins & Associates Limited currently has 4 directors. The longest serving directors include Mr Michael Collins (Jan 1992) and Ms Claudine Collins (Jun 2000).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Collins | England | 82 years | Jan 1992 | - | Director |
| Ms Claudine Collins | 56 years | Jun 2000 | - | Director | |
| Mrs Zilda Collins | England | 79 years | Apr 2009 | - | Director |
| Miss Justine Lee | England | 54 years | Apr 2009 | - | Director |
P&L
May 2023turnover
303.1k
+13%
operating profit
195.9k
0%
gross margin
38%
-1.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
2.2m
-0.05%
total assets
2.4m
-0.07%
cash
992.2k
+1.3%
net assets
Total assets minus all liabilities
Similar Companies
michael collins & associates limited company details
company number
02189624
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 1987
age
37
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
michael collins & associates public limited company (May 2011)
budgetspot public limited company (December 1987)
last accounts submitted
May 2023
address
c/o nicholas hall, 7 johnston road, woodford green, essex, IG8 0XA
accountant
NICHOLAS HALL
auditor
-
michael collins & associates 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 found 15 charges/mortgages relating to michael collins & associates limited. Currently there are 0 open charges and 15 have been satisfied in the past.
michael collins & associates limited Companies House Filings - See Documents
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