mjl midlands ltd
mjl midlands ltd Company Information
Company Number
02297129
Website
www.e7buildingservices.co.ukRegistered Address
1066 london road, leigh-on-sea, SS9 3NA
Industry
Plumbing, heat and air-conditioning installation
Electrical installation
Telephone
01753588750
Next Accounts Due
115 days late
Group Structure
View All
Shareholders
michael lonsdale limited 100%
mjl midlands ltd Estimated Valuation
Pomanda estimates the enterprise value of MJL MIDLANDS LTD at £16.7m based on a Turnover of £21.5m and 0.77x industry multiple (adjusted for size and gross margin).
mjl midlands ltd Estimated Valuation
Pomanda estimates the enterprise value of MJL MIDLANDS LTD at £0 based on an EBITDA of £-542.4k and a 8.11x industry multiple (adjusted for size and gross margin).
mjl midlands ltd Estimated Valuation
Pomanda estimates the enterprise value of MJL MIDLANDS LTD at £0 based on Net Assets of £-647.1k and 3.09x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mjl Midlands Ltd Overview
Mjl Midlands Ltd is a live company located in leigh-on-sea, SS9 3NA with a Companies House number of 02297129. It operates in the electrical installation sector, SIC Code 43210. Founded in September 1988, it's largest shareholder is michael lonsdale limited with a 100% stake. Mjl Midlands Ltd is a mature, large sized company, Pomanda has estimated its turnover at £21.5m with rapid growth in recent years.
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Mjl Midlands Ltd Health Check
Pomanda's financial health check has awarded Mjl Midlands Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £21.5m, make it larger than the average company (£601.4k)
- Mjl Midlands Ltd
£601.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 141%, show it is growing at a faster rate (3.6%)
- Mjl Midlands Ltd
3.6% - Industry AVG
Production
with a gross margin of 26.6%, this company has a comparable cost of product (26.6%)
- Mjl Midlands Ltd
26.6% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (6.5%)
- Mjl Midlands Ltd
6.5% - Industry AVG
Employees
with 28 employees, this is above the industry average (8)
28 - Mjl Midlands Ltd
8 - Industry AVG
Pay Structure
on an average salary of £35.8k, the company has an equivalent pay structure (£35.8k)
- Mjl Midlands Ltd
£35.8k - Industry AVG
Efficiency
resulting in sales per employee of £767.6k, this is more efficient (£116.1k)
- Mjl Midlands Ltd
£116.1k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (60 days)
- Mjl Midlands Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (45 days)
- Mjl Midlands Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mjl Midlands Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (23 weeks)
3 weeks - Mjl Midlands Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.3%, this is a higher level of debt than the average (65.7%)
109.3% - Mjl Midlands Ltd
65.7% - Industry AVG
MJL MIDLANDS LTD financials
Mjl Midlands Ltd's latest turnover from September 2022 is estimated at £21.5 million and the company has net assets of -£647.1 thousand. According to their latest financial statements, Mjl Midlands Ltd has 28 employees and maintains cash reserves of £455.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,194,309 | 10,691,800 | 4,384,974 | 6,393,643 | 6,786,253 | 4,690,941 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 6,263,611 | 9,545,791 | 3,959,599 | 5,358,269 | 5,419,163 | 3,343,781 | ||||||||
| Gross Profit | -69,302 | 1,146,009 | 425,375 | 1,035,374 | 1,367,090 | 1,347,160 | ||||||||
| Admin Expenses | 1,276,304 | 1,136,120 | 1,134,676 | 1,010,253 | 1,209,336 | 724,837 | ||||||||
| Operating Profit | -1,345,606 | 9,889 | -709,301 | 25,121 | 157,754 | 622,323 | ||||||||
| Interest Payable | 144 | 176 | 3,894 | 6,474 | 10,069 | 6,898 | ||||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | 154,250 | 9,713 | -713,195 | 18,647 | 147,685 | 615,425 | ||||||||
| Tax | 0 | -9,441 | -11,387 | -14,184 | -14,942 | -85,350 | ||||||||
| Profit After Tax | 154,250 | 272 | -724,582 | 4,463 | 132,743 | 530,075 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Retained Profit | 154,250 | 272 | -724,582 | 4,463 | 132,743 | 530,075 | ||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 28 | 28 | 31 | 29 | 40 | 58 | 77 | 53 | ||||||
| EBITDA* | -1,279,295 | 89,821 | -663,683 | 59,492 | 202,083 | 638,051 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 29,961 | 73,348 | 110,017 | 105,127 | 0 | 44,538 | 112,793 | 120,110 | 70,969 | 108,404 | 90,350 | 29,238 | 38,318 | 84,780 |
| 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 | 29,961 | 73,348 | 110,017 | 105,127 | 0 | 44,538 | 112,793 | 120,110 | 70,969 | 108,404 | 90,350 | 29,238 | 38,318 | 84,780 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 8,532 | 10,615 | 78,155 | 74,110 | 118,611 | 81,388 | 45,000 | 20,000 | 15,089 |
| Trade Debtors | 5,184,855 | 1,626,824 | 2,991,831 | 189,564 | 141,551 | 1,265,803 | 2,490,226 | 664,519 | 1,027,555 | 517,485 | 784,237 | 724,150 | 910,121 | 1,040,863 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 30,169 | 30,169 | 30,169 | 702,439 | 491,269 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,261,614 | 5,255,879 | 2,576,042 | 947,742 | 9,441 | 65,861 | 466,237 | 99,003 | 43,766 | 199,696 | 246,469 | 0 | 0 | 0 |
| Cash | 455,633 | 198,273 | 1,508,404 | 538,410 | 365,020 | 346,737 | 1,301,228 | 573,095 | 555,941 | 300,656 | 189,303 | 15,986 | 111,339 | 276,486 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,902,102 | 7,080,976 | 7,076,277 | 1,675,716 | 516,012 | 1,717,102 | 4,298,475 | 1,444,941 | 2,403,811 | 1,627,717 | 1,301,397 | 785,136 | 1,041,460 | 1,332,438 |
| total assets | 6,932,063 | 7,154,324 | 7,186,294 | 1,780,843 | 516,012 | 1,761,640 | 4,411,268 | 1,565,051 | 2,474,780 | 1,736,121 | 1,391,747 | 814,374 | 1,079,778 | 1,417,218 |
| 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 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,734,655 | 2,763,485 | 2,881,470 | 103,595 | 946 | 547,688 | 422,650 | 333,678 | 561,985 | 410,693 | 376,672 | 735,978 | 1,010,595 | 1,070,195 |
| Group/Directors Accounts | 3,615,666 | 4,157,153 | 3,596,446 | 902,234 | 0 | 0 | 1,611,943 | 565,091 | 642,835 | 120,883 | 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 | 34,121 | 20,617 | 0 | 0 | 0 |
| other current liabilities | 228,814 | 285,858 | 206,396 | 299,271 | 140,066 | 1,027,617 | 2,344,590 | 633,458 | 517,026 | 382,787 | 351,528 | 0 | 0 | 0 |
| total current liabilities | 7,579,135 | 7,206,496 | 6,684,312 | 1,305,100 | 141,012 | 1,575,305 | 4,379,183 | 1,532,227 | 1,721,846 | 948,484 | 748,817 | 735,978 | 1,010,595 | 1,070,195 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 34,579 | 69,159 | 58,036 | 0 | 0 | 0 | 0 | 0 | 45,014 | 42,992 | 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 | 2,156 | 9,071 | 0 | 0 | 8,371 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 19,251 | 19,251 | 18,106 | 6,719 | 9,942 | 0 | 162 | 170 | 401 |
| total long term liabilities | 0 | 34,579 | 69,159 | 58,036 | 0 | 19,251 | 19,251 | 20,262 | 15,790 | 54,956 | 42,992 | 8,533 | 170 | 401 |
| total liabilities | 7,579,135 | 7,241,075 | 6,753,471 | 1,363,136 | 141,012 | 1,594,556 | 4,398,434 | 1,552,489 | 1,737,636 | 1,003,440 | 791,809 | 744,511 | 1,010,765 | 1,070,596 |
| net assets | -647,072 | -86,751 | 432,823 | 417,707 | 375,000 | 167,084 | 12,834 | 12,562 | 737,144 | 732,681 | 599,938 | 69,863 | 69,013 | 346,622 |
| total shareholders funds | -647,072 | -86,751 | 432,823 | 417,707 | 375,000 | 167,084 | 12,834 | 12,562 | 737,144 | 732,681 | 599,938 | 69,863 | 69,013 | 346,622 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,345,606 | 9,889 | -709,301 | 25,121 | 157,754 | 622,323 | ||||||||
| Depreciation | 25,246 | 36,669 | 55,001 | 9,556 | 42,908 | 66,311 | 79,932 | 45,618 | 34,371 | 44,329 | 15,728 | 20,781 | 23,984 | 31,423 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -9,441 | -11,387 | -14,184 | -14,942 | -85,350 | ||||||||
| Stock | 0 | 0 | 0 | -8,532 | -8,532 | -2,083 | -67,540 | 4,045 | -44,501 | 37,223 | 36,388 | 25,000 | 4,911 | 15,089 |
| Debtors | -436,234 | 1,314,830 | 4,430,567 | -224,527 | -1,210,841 | -1,624,799 | 2,192,941 | -980,069 | 565,310 | 177,744 | 306,556 | -185,971 | -130,742 | 1,040,863 |
| Creditors | 971,170 | -117,985 | 2,777,875 | -444,093 | -546,742 | 125,038 | 88,972 | -228,307 | 151,292 | 34,021 | -359,306 | -274,617 | -59,600 | 1,070,195 |
| Accruals and Deferred Income | -57,044 | 79,462 | -92,875 | -728,346 | -887,551 | -1,316,973 | 1,711,132 | 116,432 | 134,239 | 31,259 | 351,528 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -19,251 | -19,251 | 0 | 1,145 | 11,387 | -3,223 | 9,942 | -162 | -8 | -231 | 401 |
| Cash flow from operations | -844,348 | -243,772 | 200,466 | -193,193 | 47,396 | 201,817 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 17,118 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 17,118 | |||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -541,487 | 560,707 | 2,694,212 | 902,234 | 0 | -1,611,943 | 1,046,852 | -77,744 | 521,952 | 120,883 | 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 | -34,579 | -34,580 | 11,123 | 58,036 | 0 | 0 | 0 | 0 | -79,135 | 15,526 | 63,609 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -2,156 | -6,915 | 9,071 | 0 | -8,371 | 8,371 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -144 | -176 | -3,894 | -6,474 | -10,069 | -6,898 | ||||||||
| cash flow from financing | -1,612,087 | 1,044,520 | -88,553 | 445,414 | 126,340 | 48,340 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 257,360 | -1,310,131 | 969,994 | 191,673 | 18,283 | -954,491 | 728,133 | 17,154 | 255,285 | 111,353 | 173,317 | -95,353 | -165,147 | 276,486 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 257,360 | -1,310,131 | 969,994 | 191,673 | 18,283 | -954,491 | 728,133 | 17,154 | 255,285 | 111,353 | 173,317 | -95,353 | -165,147 | 276,486 |
mjl midlands ltd Credit Report and Business Information
Mjl Midlands Ltd Competitor Analysis
Perform a competitor analysis for mjl midlands ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in SS9 area or any other competitors across 12 key performance metrics.
mjl midlands ltd Ownership
MJL MIDLANDS LTD group structure
Mjl Midlands Ltd has no subsidiary companies.
mjl midlands ltd directors
Mjl Midlands Ltd currently has 4 directors. The longest serving directors include Mr Michael Hoodless (Apr 2019) and Mr Gary Herbert (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Hoodless | United Kingdom | 65 years | Apr 2019 | - | Director |
| Mr Gary Herbert | United Kingdom | 62 years | Apr 2019 | - | Director |
| Mr Kevin Feerick | 65 years | Mar 2022 | - | Director | |
| Mr Kevin Feerick | England | 65 years | Mar 2022 | - | Director |
P&L
September 2022turnover
21.5m
+122%
operating profit
-567.7k
0%
gross margin
26.6%
-0.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
-647.1k
+6.46%
total assets
6.9m
-0.03%
cash
455.6k
+1.3%
net assets
Total assets minus all liabilities
mjl midlands ltd company details
company number
02297129
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
43210 - Electrical installation
incorporation date
September 1988
age
36
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
September 2022
previous names
e7 building services limited (December 2022)
e7 contracting limited (October 2015)
accountant
-
auditor
-
address
1066 london road, leigh-on-sea, SS9 3NA
Bank
-
Legal Advisor
-
mjl midlands ltd 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 5 charges/mortgages relating to mjl midlands ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
mjl midlands ltd Companies House Filings - See Documents
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