midas homes (humberside) limited
midas homes (humberside) limited Company Information
Company Number
02337762
Next Accounts
Mar 2025
Shareholders
mrs denise pamela coates
paul stuart adrian woods
View AllGroup Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1Registered Address
the chapel bridge street, driffield, YO25 6DA
Website
-midas homes (humberside) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS HOMES (HUMBERSIDE) LIMITED at £4.1m based on a Turnover of £2m and 2.01x industry multiple (adjusted for size and gross margin).
midas homes (humberside) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS HOMES (HUMBERSIDE) LIMITED at £816.5k based on an EBITDA of £152.2k and a 5.36x industry multiple (adjusted for size and gross margin).
midas homes (humberside) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS HOMES (HUMBERSIDE) LIMITED at £862.4k based on Net Assets of £546k and 1.58x industry multiple (adjusted for liquidity).
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Midas Homes (humberside) Limited Overview
Midas Homes (humberside) Limited is a dissolved company that was located in driffield, YO25 6DA with a Companies House number of 02337762. It operated in the development of building projects sector, SIC Code 41100. Founded in January 1989, it's largest shareholder was mrs denise pamela coates with a 32% stake. The last turnover for Midas Homes (humberside) Limited was estimated at £2m.
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Midas Homes (humberside) Limited Health Check
Pomanda's financial health check has awarded Midas Homes (Humberside) Limited a 4 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
3 Regular
4 Weak
Size
annual sales of £2m, make it larger than the average company (£1.3m)
- Midas Homes (humberside) Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (3.2%)
- Midas Homes (humberside) Limited
3.2% - Industry AVG
Production
with a gross margin of 50.6%, this company has a comparable cost of product (50.6%)
- Midas Homes (humberside) Limited
50.6% - Industry AVG
Profitability
an operating margin of 7.6% make it less profitable than the average company (27.4%)
- Midas Homes (humberside) Limited
27.4% - Industry AVG
Employees
with 11 employees, this is above the industry average (5)
- Midas Homes (humberside) Limited
5 - Industry AVG
Pay Structure
on an average salary of £35.4k, the company has an equivalent pay structure (£35.4k)
- Midas Homes (humberside) Limited
£35.4k - Industry AVG
Efficiency
resulting in sales per employee of £183.1k, this is equally as efficient (£202.4k)
- Midas Homes (humberside) Limited
£202.4k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (29 days)
- Midas Homes (humberside) Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (32 days)
- Midas Homes (humberside) Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 122 days, this is less than average (153 days)
- Midas Homes (humberside) Limited
153 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - Midas Homes (humberside) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.7%, this is a lower level of debt than the average (67.8%)
23.7% - Midas Homes (humberside) Limited
67.8% - Industry AVG
MIDAS HOMES (HUMBERSIDE) LIMITED financials
Midas Homes (Humberside) Limited's latest turnover from March 2020 is estimated at £2 million and the company has net assets of £546 thousand. According to their latest financial statements, we estimate that Midas Homes (Humberside) Limited has 11 employees and maintains cash reserves of £10.6 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 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 7 | 14 | 23 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 821 | 964 | 1,638 | 3,855 | 6,349 | 262,808 | 305,855 | 573,816 | 586,107 | 786,161 | 17,459 |
| Intangible Assets | |||||||||||
| Investments & Other | 1 | 370,100 | 370,100 | 460,100 | 460,150 | 370,150 | 370,150 | 370,150 | 370,150 | 310,150 | 1,211,574 |
| Debtors (Due After 1 year) | 137,730 | 138,931 | 137,731 | 202,831 | |||||||
| Total Fixed Assets | 822 | 371,064 | 371,738 | 601,685 | 605,430 | 770,689 | 676,005 | 943,966 | 956,257 | 1,299,142 | 1,229,033 |
| Stock & work in progress | 333,427 | 291,793 | 280,786 | 297,021 | 535,758 | 820,687 | 654,108 | 688,457 | 792,405 | 783,629 | 1,106,211 |
| Trade Debtors | 370,447 | 977,725 | 5,278 | 33,971 | 99,215 | 1,176,659 | 1,042,472 | 1,261,529 | 1,159,751 | 1,052,680 | 1,160,350 |
| Group Debtors | 959,834 | 930,336 | 809,305 | ||||||||
| Misc Debtors | 24,289 | 363,271 | 22,093 | 10,000 | |||||||
| Cash | 10,591 | 35,741 | 41,072 | 28,038 | 100,567 | 3,128 | 1,584 | ||||
| misc current assets | |||||||||||
| total current assets | 714,465 | 1,305,259 | 1,311,259 | 1,624,599 | 1,466,371 | 1,997,346 | 1,724,618 | 1,949,986 | 2,052,723 | 1,839,437 | 2,278,145 |
| total assets | 715,287 | 1,676,323 | 1,682,997 | 2,226,284 | 2,071,801 | 2,768,035 | 2,400,623 | 2,893,952 | 3,008,980 | 3,138,579 | 3,507,178 |
| Bank overdraft | 85,040 | 61,765 | |||||||||
| Bank loan | |||||||||||
| Trade Creditors | 3,283 | 979 | 1,600 | 100,355 | 124,460 | 2,022,128 | 1,790,467 | 2,117,955 | 2,090,717 | 1,844,954 | 1,895,309 |
| Group/Directors Accounts | 156,958 | 1,204,679 | 894,298 | 831,781 | 951,596 | ||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 9,030 | 47,843 | 72,505 | 425,391 | 202,557 | ||||||
| total current liabilities | 169,271 | 1,253,501 | 968,403 | 1,442,567 | 1,340,378 | 2,022,128 | 1,790,467 | 2,117,955 | 2,090,717 | 1,844,954 | 1,895,309 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 306,300 | 502,300 | |||||||||
| provisions | |||||||||||
| total long term liabilities | 306,300 | 502,300 | |||||||||
| total liabilities | 169,271 | 1,253,501 | 968,403 | 1,442,567 | 1,340,378 | 2,022,128 | 1,790,467 | 2,117,955 | 2,090,717 | 2,151,254 | 2,397,609 |
| net assets | 546,016 | 422,822 | 714,594 | 783,717 | 731,423 | 745,907 | 610,156 | 775,997 | 918,263 | 987,325 | 1,109,569 |
| total shareholders funds | 546,016 | 422,822 | 714,594 | 783,717 | 731,423 | 745,907 | 610,156 | 775,997 | 918,263 | 987,325 | 1,109,569 |
| 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 | |||||||||||
| Depreciation | 143 | 674 | 797 | 1,475 | 2,567 | 2,047 | 3,630 | 4,398 | 2,747 | 3,255 | 6,723 |
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | 41,634 | 11,007 | -16,235 | -238,737 | -284,929 | 166,579 | -34,349 | -103,948 | 8,776 | -322,582 | 1,106,211 |
| Debtors | -607,278 | -11,676 | -475,907 | 395,764 | -244,846 | 271,918 | -219,057 | 101,778 | -95,760 | 85,161 | 1,170,350 |
| Creditors | 2,304 | -621 | -98,755 | -24,105 | -1,897,668 | 231,661 | -327,488 | 27,238 | 245,763 | -50,355 | 1,895,309 |
| Accruals and Deferred Income | -38,813 | -24,662 | -352,886 | 222,834 | 202,557 | ||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -370,099 | -90,000 | -50 | 90,000 | 60,000 | -901,424 | 1,211,574 | ||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -1,047,721 | 310,381 | 62,517 | -119,815 | 951,596 | ||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -306,300 | -196,000 | 502,300 | ||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -25,150 | -5,331 | 41,072 | -28,038 | 28,038 | -100,567 | 97,439 | 1,544 | 1,584 | ||
| overdraft | -85,040 | 23,275 | 61,765 | ||||||||
| change in cash | -25,150 | -5,331 | 126,112 | -23,275 | -61,765 | -28,038 | 28,038 | -100,567 | 97,439 | 1,544 | 1,584 |
midas homes (humberside) limited Credit Report and Business Information
Midas Homes (humberside) Limited Competitor Analysis
Perform a competitor analysis for midas homes (humberside) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in YO25 area or any other competitors across 12 key performance metrics.
midas homes (humberside) limited Ownership
MIDAS HOMES (HUMBERSIDE) LIMITED group structure
Midas Homes (Humberside) Limited has 1 subsidiary company.
Ultimate parent company
MIDAS HOMES (HUMBERSIDE) LIMITED
02337762
1 subsidiary
midas homes (humberside) limited directors
Midas Homes (Humberside) Limited currently has 4 directors. The longest serving directors include Mr Paul Woods (Sep 1992) and Mr Peter Coates (Sep 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Woods | England | 77 years | Sep 1992 | - | Director |
| Mr Peter Coates | England | 82 years | Sep 1992 | - | Director |
| Mr David Coates | 50 years | Jan 2002 | - | Director | |
| Mr Philip MacKay | United Kingdom | 55 years | Jan 2002 | - | Director |
P&L
March 2020turnover
2m
-62%
operating profit
152.1k
0%
gross margin
50.6%
-0.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
546k
+0.29%
total assets
715.3k
-0.57%
cash
10.6k
-0.7%
net assets
Total assets minus all liabilities
midas homes (humberside) limited company details
company number
02337762
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
41100 - Development of building projects
incorporation date
January 1989
age
36
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2020
previous names
N/A
accountant
-
auditor
-
address
the chapel bridge street, driffield, YO25 6DA
Bank
HSBC BANK PLC
Legal Advisor
-
midas homes (humberside) 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 38 charges/mortgages relating to midas homes (humberside) limited. Currently there are 0 open charges and 38 have been satisfied in the past.
midas homes (humberside) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MIDAS HOMES (HUMBERSIDE) LIMITED. This can take several minutes, an email will notify you when this has completed.
midas homes (humberside) limited Companies House Filings - See Documents
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