Milldown Associates Limited

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milldown associates limited Company Information

Live

MatureSmallHealthy

Company Number

02251848

Website

https://www.motormall.co.uk

Registered Address

bank chambers canterbury road, lyminge, folkestone, kent, CT18 8HU

Industry

Construction of domestic buildings

Telephone

Next Accounts Due

December 2025

Group Structure

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Directors

David Westgarth32 Years

Shareholders

milldown investments ltd 87.9%

david westgarth 12.1%

milldown associates limited Estimated Valuation

£761.5k

Pomanda estimates the enterprise value of MILLDOWN ASSOCIATES LIMITED at £761.5k based on Net Assets of £604.3k and 1.26x industry multiple (adjusted for liquidity).

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Milldown Associates Limited is a live company located in folkestone, CT18 8HU with a Companies House number of 02251848. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in May 1988, it's largest shareholder is milldown investments ltd with a 87.9% stake. Milldown Associates Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Milldown Associates Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

5 Regular

2 Weak

Size

annual sales of £1.1m, make it larger than the average company (£385k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (11%)

EXPORT

Milldown Associates Limited's latest turnover from March 2024 is estimated at £1.1 million and the company has net assets of £604.3 thousand. According to their latest financial statements, Milldown Associates Limited has 8 employees and maintains cash reserves of £101.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,148,063	1,248,605	1,354,804	921,883	394,981	395,263	227,107	218,890	6,509,443	4,145,003	3,260,012	4,504,107	10,041,780	8,101,644	1,998,122
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	895,873	999,938	1,103,391	753,314	318,576	310,440	177,360	169,155	5,057,300	3,240,108	2,568,413	3,557,851	7,943,411	6,369,832	1,559,980
Gross Profit	252,190	248,667	251,414	168,570	76,405	84,823	49,747	49,735	1,452,143	904,894	691,599	946,256	2,098,370	1,731,812	438,143
Admin Expenses	188,485	69,705	235,643	167,763	97,779	-239,844	74,757	-153,406	1,221,406	903,282	506,382	777,627	2,019,509	1,752,741	868,779
Operating Profit	63,705	178,962	15,771	807	-21,374	324,667	-25,010	203,141	230,737	1,612	185,217	168,629	78,861	-20,929	-430,636
Interest Payable	30,429	19,519	9,527	4,779	4,975	6,424	7,660	3,998	0	0	0	0	0	0	0
Interest Receivable	4,911	2,485	360	41	217	2,230	1,684	859	453	1	2	8	109	160	58
Pre-Tax Profit	38,187	161,928	6,604	-3,932	-26,132	320,473	-30,985	200,001	231,190	1,613	185,218	168,637	78,970	-20,769	-430,578
Tax	-9,547	-30,766	-1,255	0	0	-60,890	0	-40,000	-46,238	-339	-42,600	-40,473	-20,532	0	0
Profit After Tax	28,640	131,162	5,349	-3,932	-26,132	259,583	-30,985	160,001	184,952	1,274	142,618	128,164	58,438	-20,769	-430,578
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	28,640	131,162	5,349	-3,932	-26,132	259,583	-30,985	160,001	184,952	1,274	142,618	128,164	58,438	-20,769	-430,578
Employee Costs	345,772	347,152	405,203	223,513	75,855	83,681	79,144	75,842	807,397	386,679	336,028	482,665	1,277,146	991,663	237,739
Number Of Employees	8	8	10	6	2	2	2	2	20	10	9	13	36	29	7
EBITDA*	66,220	183,376	19,425	807	-19,384	324,667	-7,389	220,094	233,399	1,612	185,217	168,629	78,861	-2,282	-411,437

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	320,037	315,816	296,220	288,624	259,937	238,410	499,986	650,867	667,820	728,772	728,772	728,772	728,772	711,528	730,175
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	320,037	315,816	296,220	288,624	259,937	238,410	499,986	650,867	667,820	728,772	728,772	728,772	728,772	711,528	730,175
Stock & work in progress	770,491	612,577	599,899	613,835	372,171	180,652	98,330	0	599,018	613,935	440,800	455,445	1,480,147	1,102,447	1,250
Trade Debtors	0	0	0	0	0	0	0	0	0	14,627	22,770	22,770	22,283	35,452	16,928
Group Debtors	268	268	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,532	6,569	0	5,905	32,383	1,997	6,131	4,236	0	0	0	0	0	0	0
Cash	101,408	95,012	21,942	74,157	7,574	426,850	167,825	505,954	181,075	80	154	483	2,702	40,809	23,110
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	885,699	714,426	621,841	693,897	412,128	609,499	272,286	510,190	780,093	628,642	463,724	478,698	1,505,132	1,178,708	41,288
total assets	1,205,736	1,030,242	918,061	982,521	672,065	847,909	772,272	1,161,057	1,447,913	1,357,414	1,192,496	1,207,470	2,233,904	1,890,236	771,463
Bank overdraft	149,305	42,184	41,031	0	0	0	21,272	35,727	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	125,567	0	108,953	0	0	0	12,595	4,459	1,008,536	930,684	703,670	924,632	2,079,230	1,794,000	430,288
Group/Directors Accounts	0	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	97,334	279,797	158,484	228,072	148,445	296,060	309,018	521,493	0	0	0	0	0	0	0
total current liabilities	372,206	321,981	308,468	228,072	148,445	296,060	342,885	561,679	1,008,536	930,684	703,670	924,632	2,079,230	1,794,000	430,288
loans	229,200	132,571	165,065	76,195	80,509	82,606	86,468	92,214	0	0	0	0	0	0	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	239,075	0	0	0	0	92,214	0	63,370	0	0	0	224,170
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	229,200	132,571	165,065	315,270	80,509	82,606	86,468	92,214	92,214	0	63,370	0	0	0	224,170
total liabilities	601,406	454,552	473,533	543,342	228,954	378,666	429,353	653,893	1,100,750	930,684	767,040	924,632	2,079,230	1,794,000	654,458
net assets	604,330	575,690	444,528	439,179	443,111	469,243	342,919	507,164	347,163	426,730	425,456	282,838	154,674	96,236	117,005
total shareholders funds	604,330	575,690	444,528	439,179	443,111	469,243	342,919	507,164	347,163	426,730	425,456	282,838	154,674	96,236	117,005

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	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	63,705	178,962	15,771	807	-21,374	324,667	-25,010	203,141	230,737	1,612	185,217	168,629	78,861	-20,929	-430,636
Depreciation	2,515	4,414	3,654	0	1,990	0	17,621	16,953	2,662	0	0	0	0	18,647	19,199
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,547	-30,766	-1,255	0	0	-60,890	0	-40,000	-46,238	-339	-42,600	-40,473	-20,532	0	0
Stock	157,914	12,678	-13,936	241,664	191,519	82,322	98,330	-599,018	-14,917	173,135	-14,645	-1,024,702	377,700	1,101,197	1,250
Debtors	6,963	6,837	-5,905	-26,478	30,386	-4,134	1,895	4,236	-14,627	-8,143	0	487	-13,169	18,524	16,928
Creditors	125,567	-108,953	108,953	0	0	-12,595	8,136	-1,004,077	77,852	227,014	-220,962	-1,154,598	285,230	1,363,712	430,288
Accruals and Deferred Income	-182,463	121,313	-69,588	79,627	-147,615	-12,958	-212,475	521,493	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-165,100	145,455	77,376	-134,752	-388,904	160,036	-311,953	292,292	294,557	63,295	-63,700	-2,227	-20,972	241,709	673
Investing Activities
capital expenditure	-6,736	-24,010	-11,250	-28,687	-23,517	261,576	133,260	0	58,290	0	0	0	-17,244	0	-749,374
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,736	-24,010	-11,250	-28,687	-23,517	261,576	133,260	0	58,290	0	0	0	-17,244	0	-749,374
Financing Activities
Bank loans	0	0	0	0	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	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	96,629	-32,494	88,870	-4,314	-2,097	-3,862	-5,746	92,214	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	0
other long term liabilities	0	0	-239,075	239,075	0	0	0	-92,214	92,214	-63,370	63,370	0	0	-224,170	224,170
share issue	0	0	0	0	0	-133,259	-133,260	0	-264,519	0	0	0	0	0	547,583
interest	-25,518	-17,034	-9,167	-4,738	-4,758	-4,194	-5,976	-3,139	453	1	2	8	109	160	58
cash flow from financing	71,111	-49,528	-159,372	230,023	-6,855	-141,315	-144,982	-3,139	-171,852	-63,369	63,372	8	109	-224,010	771,811
cash and cash equivalents
cash	6,396	73,070	-52,215	66,583	-419,276	259,025	-338,129	324,879	180,995	-74	-329	-2,219	-38,107	17,699	23,110
overdraft	107,121	1,153	41,031	0	0	-21,272	-14,455	35,727	0	0	0	0	0	0	0
change in cash	-100,725	71,917	-93,246	66,583	-419,276	280,297	-323,674	289,152	180,995	-74	-329	-2,219	-38,107	17,699	23,110

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILLDOWN ASSOCIATES LIMITED group structure

Milldown Associates Limited has no subsidiary companies.

Ultimate parent company

MILLDOWN INVESTMENTS LIMITED

02993952

1 parent

MILLDOWN ASSOCIATES LIMITED

02251848

MILLDOWN ASSOCIATES LIMITED Shareholders

milldown investments ltd	87.91%
david westgarth	12.09%

Milldown Associates Limited currently has 1 director, Mr David Westgarth serving since Dec 1991.

officer	country	age	start	end	role
Mr David Westgarth		67 years	Dec 1991	-	Director

P&L

March 2024

turnover

1.1m

-8%

operating profit

63.7k

gross margin

22%

+10.3%

turnover

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

Balance Sheet

March 2024

net assets

604.3k

+0.05%

total assets

1.2m

+0.17%

cash

101.4k

+0.07%

net assets

Total assets minus all liabilities

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company number

02251848

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

May 1988

age

accounts

Total Exemption Full

ultimate parent company

MILLDOWN INVESTMENTS LIMITED

previous names

motor mall limited (August 2011)

carcare (vehicle accident repairers) limited (December 1997)

incorporated

address

bank chambers canterbury road, lyminge, folkestone, kent, CT18 8HU

last accounts submitted

March 2024

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 8 charges/mortgages relating to milldown associates limited. Currently there are 2 open charges and 6 have been satisfied in the past.

milldown associates limited Company Information

milldown associates limited Estimated Valuation

milldown associates limited Estimated Valuation

milldown associates limited Estimated Valuation

Milldown Associates Limited Overview

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MILLDOWN ASSOCIATES LIMITED financials

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milldown associates limited directors

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milldown associates limited Companies House Filings - See Documents