Midland Paint And Powder Coaters Limited

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midland paint and powder coaters limited Company Information

Company Number

02473357

Next Accounts

Sep 2025

Directors

Michael Carless

Shareholders

midland paint & powder coaters (holdings) ltd

mr michael staran carless

Group Structure

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Industry

Treatment and coating of metals

Registered Address

399 garretts green lane, birmingham, west midlands, B33 0UE

Website

http://mppcltd.co.uk

midland paint and powder coaters limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MIDLAND PAINT AND POWDER COATERS LIMITED at £1.1m based on Net Assets of £445.3k and 2.48x industry multiple (adjusted for liquidity).

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Midland Paint And Powder Coaters Limited is a live company located in west midlands, B33 0UE with a Companies House number of 02473357. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in February 1990, it's largest shareholder is midland paint & powder coaters (holdings) ltd with a 99% stake. Midland Paint And Powder Coaters Limited is a mature, small sized company, Pomanda has estimated its turnover at £927.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Midland Paint And Powder Coaters Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £927.3k, make it smaller than the average company (£9.2m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5%)

EXPORT

Midland Paint And Powder Coaters Limited's latest turnover from December 2023 is estimated at £927.3 thousand and the company has net assets of £445.3 thousand. According to their latest financial statements, Midland Paint And Powder Coaters Limited has 14 employees and maintains cash reserves of £305.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	927,276	934,815	870,694	806,941	693,926	821,776	709,532	901,994	789,213	924,878	633,578	773,065	378,726	577,740
Other Income Or Grants
Cost Of Sales	611,914	615,925	591,979	532,599	445,462	531,159	455,893	587,074	517,289	604,506	418,673	508,814	249,234	375,788
Gross Profit	315,362	318,890	278,716	274,342	248,464	290,617	253,639	314,919	271,924	320,372	214,906	264,250	129,491	201,952
Admin Expenses	203,514	226,115	247,962	270,740	215,948	282,732	250,459	303,709	245,404	291,882	180,592	202,320	134,004	211,490	-131,918
Operating Profit	111,848	92,775	30,754	3,602	32,516	7,885	3,180	11,210	26,520	28,490	34,314	61,930	-4,513	-9,538	131,918
Interest Payable	3,758	4,111	2,963	1,525
Interest Receivable	14,614	9,414	644	263	1,999	1,320	746	385	641	513	371	387	416	595	382
Pre-Tax Profit	122,704	98,078	28,436	2,340	34,515	9,205	3,926	11,595	27,161	29,003	34,684	62,317	-4,097	-8,943	132,300
Tax	-30,676	-18,635	-5,403	-445	-6,558	-1,749	-746	-2,319	-5,432	-6,091	-7,977	-14,956			-37,044
Profit After Tax	92,028	79,443	23,033	1,895	27,957	7,456	3,180	9,276	21,729	22,912	26,707	47,361	-4,097	-8,943	95,256
Dividends Paid
Retained Profit	92,028	79,443	23,033	1,895	27,957	7,456	3,180	9,276	21,729	22,912	26,707	47,361	-4,097	-8,943	95,256
Employee Costs	561,307	540,858	540,243	465,717	445,160	469,453	460,788	542,863	486,346	325,144	225,284	281,498	150,131	226,466
Number Of Employees	14	14	15	13	13	14	14	17	15	10	7	9	5	8
EBITDA*	139,801	100,315	32,610	5,248	33,973	9,663	5,443	13,930	29,142	31,055	36,615	64,859	-1,556	-3,327	142,435

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	196,837	183,970	7,468	8,510	6,071	7,150	8,929	11,192	12,886	13,244	9,811	11,493	12,579	12,234	37,564
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	196,837	183,970	7,468	8,510	6,071	7,150	8,929	11,192	12,886	13,244	9,811	11,493	12,579	12,234	37,564
Stock & work in progress	3,000	3,000	3,000	2,500	2,500	2,500	2,500	2,500	2,500	2,000	2,000
Trade Debtors	150,223	183,320	179,805	166,036	129,919	177,317	145,499	197,886	157,824	228,035	178,295	158,296	71,522	111,988	82,012
Group Debtors				33,913
Misc Debtors	11,742	14,901	11,197	8,424	8,110	5,298	69,538	1,699	5,822
Cash	305,739	250,979	286,986	228,179	296,960	236,173	115,867	182,427	125,835	130,622	74,584	73,724	81,021	85,335	152,618
misc current assets
total current assets	470,704	452,200	480,988	439,052	437,489	421,288	333,404	384,512	291,981	360,657	254,879	232,020	152,543	197,323	234,630
total assets	667,541	636,170	488,456	447,562	443,560	428,438	342,333	395,704	304,867	373,901	264,690	243,513	165,122	209,557	272,194
Bank overdraft	10,138	16,694	9,856
Bank loan				50,000
Trade Creditors	88,961	103,161	58,858	52,213	35,775	52,144	46,919	48,660	38,760	191,956	106,343	111,536	80,289	120,574	156,263
Group/Directors Accounts	21,775	47,866	40,844		76,320	63,130		57,750							16,257
other short term finances
hp & lease commitments
other current liabilities	49,054	42,707	68,711	92,942	81,416	90,867	80,236	76,754	62,505
total current liabilities	169,928	210,428	178,269	195,155	193,511	206,141	127,155	183,164	101,265	191,956	106,343	111,536	80,289	120,574	172,520
loans	14,920	25,058	34,945
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	37,399	47,418	1,419	1,617	1,154	1,359	1,696	2,238	2,576	2,648	1,962	2,299	2,516	2,569	4,317
total long term liabilities	52,319	72,476	36,364	1,617	1,154	1,359	1,696	2,238	2,576	2,648	1,962	2,299	2,516	2,569	4,317
total liabilities	222,247	282,904	214,633	196,772	194,665	207,500	128,851	185,402	103,841	194,604	108,305	113,835	82,805	123,143	176,837
net assets	445,294	353,266	273,823	250,790	248,895	220,938	213,482	210,302	201,026	179,297	156,385	129,678	82,317	86,414	95,357
total shareholders funds	445,294	353,266	273,823	250,790	248,895	220,938	213,482	210,302	201,026	179,297	156,385	129,678	82,317	86,414	95,357

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	111,848	92,775	30,754	3,602	32,516	7,885	3,180	11,210	26,520	28,490	34,314	61,930	-4,513	-9,538	131,918
Depreciation	27,953	7,540	1,856	1,646	1,457	1,778	2,263	2,720	2,622	2,565	2,301	2,929	2,957	6,211	10,517
Amortisation
Tax	-30,676	-18,635	-5,403	-445	-6,558	-1,749	-746	-2,319	-5,432	-6,091	-7,977	-14,956			-37,044
Stock			500						500		2,000
Debtors	-36,256	7,219	-17,371	70,344	-44,586	-32,422	15,452	35,939	-64,389	49,740	19,999	86,774	-40,466	29,976	82,012
Creditors	-14,200	44,303	6,645	16,438	-16,369	5,225	-1,741	9,900	-153,196	85,613	-5,193	31,247	-40,285	-35,689	156,263
Accruals and Deferred Income	6,347	-26,004	-24,231	11,526	-9,451	10,631	3,482	14,249	62,505
Deferred Taxes & Provisions	-10,019	45,999	-198	463	-205	-337	-542	-338	-72	686	-337	-217	-53	-1,748	4,317
Cash flow from operations	127,509	138,759	26,294	-37,114	45,976	55,855	-9,556	-517	-3,164	61,523	1,109	-5,841	-1,428	-70,740	183,959
Investing Activities
capital expenditure	-40,820	-184,042	-814	-4,085	-378	1		-1,026	-2,264	-5,998	-619	-1,843	-3,302	19,119	-48,081
Change in Investments
cash flow from investments	-40,820	-184,042	-814	-4,085	-378	1		-1,026	-2,264	-5,998	-619	-1,843	-3,302	19,119	-48,081
Financing Activities
Bank loans			-50,000	50,000
Group/Directors Accounts	-26,091	7,022	40,844	-76,320	13,190	63,130	-57,750	57,750						-16,257	16,257
Other Short Term Loans
Long term loans	-10,138	-9,887	34,945
Hire Purchase and Lease Commitments
other long term liabilities
share issue															101
interest	10,856	5,303	-2,319	-1,262	1,999	1,320	746	385	641	513	371	387	416	595	382
cash flow from financing	-25,373	2,438	23,470	-27,582	15,189	64,450	-57,004	58,135	641	513	371	387	416	-15,662	16,740
cash and cash equivalents
cash	54,760	-36,007	58,807	-68,781	60,787	120,306	-66,560	56,592	-4,787	56,038	860	-7,297	-4,314	-67,283	152,618
overdraft	-6,556	6,838	9,856
change in cash	61,316	-42,845	48,951	-68,781	60,787	120,306	-66,560	56,592	-4,787	56,038	860	-7,297	-4,314	-67,283	152,618

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDLAND PAINT AND POWDER COATERS LIMITED group structure

Midland Paint And Powder Coaters Limited has no subsidiary companies.

Ultimate parent company

MIDLAND PAINT AND POWDER TOPCO LIMITED

15794052

MIDLAND PAINT & POWDER COATERS (HOLDINGS) LIMITED

06438664

2 parents

MIDLAND PAINT AND POWDER COATERS LIMITED

02473357

MIDLAND PAINT AND POWDER COATERS LIMITED Shareholders

midland paint & powder coaters (holdings) ltd	99.01%
mr michael staran carless	0.99%

Midland Paint And Powder Coaters Limited currently has 1 director, Mr Michael Carless serving since Feb 1991.

officer	country	age	start	end	role
Mr Michael Carless	England	63 years	Feb 1991	-	Director

P&L

December 2023

turnover

927.3k

-1%

operating profit

111.8k

gross margin

34.1%

-0.3%

turnover

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

Balance Sheet

December 2023

net assets

445.3k

+0.26%

total assets

667.5k

+0.05%

cash

305.7k

+0.22%

net assets

Total assets minus all liabilities

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company number

02473357

Type

Private limited with Share Capital

industry

25610 - Treatment and coating of metals

incorporation date

February 1990

ultimate parent company

MIDLAND PAINT AND POWDER TOPCO LIMITED

previous names

N/A

address

399 garretts green lane, birmingham, west midlands, B33 0UE

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 4 charges/mortgages relating to midland paint and powder coaters limited. Currently there are 1 open charges and 3 have been satisfied in the past.

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midland paint and powder coaters limited Company Information

midland paint and powder coaters limited Estimated Valuation

midland paint and powder coaters limited Estimated Valuation

midland paint and powder coaters limited Estimated Valuation

Midland Paint And Powder Coaters Limited Overview

Midland Paint And Powder Coaters Limited Health Check

MIDLAND PAINT AND POWDER COATERS LIMITED financials

midland paint and powder coaters limited Credit Report and Business Information

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midland paint and powder coaters limited Ownership

midland paint and powder coaters limited directors

midland paint and powder coaters limited company details

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