Michael David China Limited

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michael david china limited Company Information

Dissolved

Company Number

02236848

Website

www.davidmichaelchina.com

Registered Address

570-572 etruria road, newcastle, staffordshire, ST5 0SU

Industry

Other manufacturing n.e.c.

Telephone

01782324064

Next Accounts Due

November 2024

Group Structure

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Directors

Tony Falat33 Years

Elaine Falat33 Years

Shareholders

mr tony edward falat 50%

mrs elaine falat 50%

michael david china limited Estimated Valuation

£76.7k

Pomanda estimates the enterprise value of MICHAEL DAVID CHINA LIMITED at £76.7k based on a Turnover of £167.4k and 0.46x industry multiple (adjusted for size and gross margin).

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Michael David China Limited is a dissolved company that was located in staffordshire, ST5 0SU with a Companies House number of 02236848. It operated in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 1988, it's largest shareholder was mr tony edward falat with a 50% stake. The last turnover for Michael David China Limited was estimated at £167.4k.

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Pomanda's financial health check has awarded Michael David China Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £167.4k, make it smaller than the average company (£11.6m)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (5.1%)

EXPORT

Michael David China Limited's latest turnover from March 2020 is estimated at £167.4 thousand and the company has net assets of -£35.3 thousand. According to their latest financial statements, Michael David China Limited has 5 employees and maintains cash reserves of £3.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	167,369	164,493	84,421	69,161	86,394	65,684	62,727
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	133,416	130,977	65,937	53,452	66,640	51,142	48,625
Gross Profit	33,953	33,517	18,483	15,709	19,754	14,542	14,101
Admin Expenses	43,493	45,261	22,563	20,764	17,201	25,020	9,495
Operating Profit	-9,540	-11,744	-4,080	-5,055	2,553	-10,478	4,606
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	2	1	0	1	5	20	17
Pre-Tax Profit	-9,538	-11,743	-4,080	-5,054	2,559	-10,458	4,623
Tax	0	0	0	0	-512	0	-1,063
Profit After Tax	-9,538	-11,743	-4,080	-5,054	2,047	-10,458	3,560
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-9,538	-11,743	-4,080	-5,054	2,047	-10,458	3,560
Employee Costs	181,434	179,231	34,684	33,481	33,126	32,706	31,612
Number Of Employees	5	5	1	1	1	1	1
EBITDA*	-9,540	-11,744	-80	-1,055	6,553	-6,478	8,606

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	0	0	0	0	0	0	0
Intangible Assets	0	0	0	4,000	8,000	12,000	16,000
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	4,000	8,000	12,000	16,000
Stock & work in progress	1,000	3,000	2,500	3,300	5,000	5,534	5,057
Trade Debtors	4,469	8,690	20,710	15,857	19,413	11,144	10,826
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0
Cash	3,831	65	96	43	1,090	1,091	6,827
misc current assets	0	0	0	0	0	0	0
total current assets	9,300	11,755	23,306	19,200	25,503	17,769	22,710
total assets	9,300	11,755	23,306	23,200	33,503	29,769	38,710
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	44,564	37,481	37,289	33,103	38,352	36,665	35,148
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	44,564	37,481	37,289	33,103	38,352	36,665	35,148
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0
total liabilities	44,564	37,481	37,289	33,103	38,352	36,665	35,148
net assets	-35,264	-25,726	-13,983	-9,903	-4,849	-6,896	3,562
total shareholders funds	-35,264	-25,726	-13,983	-9,903	-4,849	-6,896	3,562

	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	-9,540	-11,744	-4,080	-5,055	2,553	-10,478	4,606	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	4,000	4,000	4,000	4,000	4,000	0	0	0	0
Tax	0	0	0	0	-512	0	-1,063	0	0	0	0
Stock	-2,000	500	-800	-1,700	-534	477	5,057	0	0	0	0
Debtors	-4,221	-12,020	4,853	-3,556	8,269	318	10,826	0	0	0	0
Creditors	7,083	192	4,186	-5,249	1,687	1,517	35,148	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,764	-32	53	-1,048	-7	-5,756	26,808	0	0	0	0
Investing Activities
capital expenditure	0	0	0	0	0	0	-20,000	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	-20,000	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	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
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	2	0	0	0	0
interest	2	1	0	1	5	20	17	0	0	0	0
cash flow from financing	2	1	0	1	5	20	19	0	0	0	0
cash and cash equivalents
cash	3,766	-31	53	-1,047	-1	-5,736	6,827	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,766	-31	53	-1,047	-1	-5,736	6,827	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for michael david china limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in ST5 area or any other competitors across 12 key performance metrics.

MICHAEL DAVID CHINA LIMITED group structure

Michael David China Limited has no subsidiary companies.

Ultimate parent company

MICHAEL DAVID CHINA LIMITED

02236848

MICHAEL DAVID CHINA LIMITED Shareholders

mr tony edward falat	50%
mrs elaine falat	50%

Michael David China Limited currently has 2 directors. The longest serving directors include Mr Tony Falat (Oct 1991) and Mrs Elaine Falat (Oct 1991).

officer	country	age	start	end	role
Mr Tony Falat		77 years	Oct 1991	-	Director
Mrs Elaine Falat		74 years	Oct 1991	-	Director

P&L

March 2020

turnover

167.4k

+2%

operating profit

-9.5k

gross margin

20.3%

-0.44%

turnover

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

Balance Sheet

March 2020

net assets

-35.3k

+0.37%

total assets

9.3k

-0.21%

cash

3.8k

+57.94%

net assets

Total assets minus all liabilities

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company number

02236848

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

March 1988

ultimate parent company

None

previous names

N/A

address

570-572 etruria road, newcastle, staffordshire, ST5 0SU

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 did not find charges/mortgages relating to michael david china limited.

michael david china limited Company Information

michael david china limited Estimated Valuation

michael david china limited Estimated Valuation

michael david china limited Estimated Valuation

Michael David China Limited Overview

Michael David China Limited Health Check

MICHAEL DAVID CHINA LIMITED financials

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