mitie catering services limited

mitie catering services limited Company Information

Share MITIE CATERING SERVICES LIMITED
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MatureMidHigh

Company Number

02505731

Industry

Event catering activities

 

Shareholders

mitie fs (uk) limited

Group Structure

View All

Contact

Registered Address

level 12, the shard, 32 london bridge stre, london, SE1 9SG

mitie catering services limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of MITIE CATERING SERVICES LIMITED at £1.6m based on a Turnover of £5.2m and 0.31x industry multiple (adjusted for size and gross margin).

mitie catering services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MITIE CATERING SERVICES LIMITED at £0 based on an EBITDA of £-185k and a 2.25x industry multiple (adjusted for size and gross margin).

mitie catering services limited Estimated Valuation

£17.9m

Pomanda estimates the enterprise value of MITIE CATERING SERVICES LIMITED at £17.9m based on Net Assets of £5.9m and 3.04x industry multiple (adjusted for liquidity).

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Mitie Catering Services Limited Overview

Mitie Catering Services Limited is a live company located in london, SE1 9SG with a Companies House number of 02505731. It operates in the event catering activities sector, SIC Code 56210. Founded in May 1990, it's largest shareholder is mitie fs (uk) limited with a 100% stake. Mitie Catering Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.2m with high growth in recent years.

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Mitie Catering Services Limited Health Check

Pomanda's financial health check has awarded Mitie Catering Services 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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £5.2m, make it larger than the average company (£537.6k)

£5.2m - Mitie Catering Services Limited

£537.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a similar rate (16.2%)

16% - Mitie Catering Services Limited

16.2% - Industry AVG

production

Production

with a gross margin of 1.4%, this company has a higher cost of product (42.7%)

1.4% - Mitie Catering Services Limited

42.7% - Industry AVG

profitability

Profitability

an operating margin of -4.2% make it less profitable than the average company (6%)

-4.2% - Mitie Catering Services Limited

6% - Industry AVG

employees

Employees

with 93 employees, this is above the industry average (10)

93 - Mitie Catering Services Limited

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.2k, the company has a higher pay structure (£19.3k)

£25.2k - Mitie Catering Services Limited

£19.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £55.4k, this is equally as efficient (£62.2k)

£55.4k - Mitie Catering Services Limited

£62.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Mitie Catering Services Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is slower than average (27 days)

36 days - Mitie Catering Services Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (8 days)

2 days - Mitie Catering Services Limited

8 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (28 weeks)

4 weeks - Mitie Catering Services Limited

28 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38.6%, this is a lower level of debt than the average (83.6%)

38.6% - Mitie Catering Services Limited

83.6% - Industry AVG

MITIE CATERING SERVICES LIMITED financials

EXPORTms excel logo

Mitie Catering Services Limited's latest turnover from March 2024 is £5.2 million and the company has net assets of £5.9 million. According to their latest financial statements, Mitie Catering Services Limited has 93 employees and maintains cash reserves of £314 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Nov 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,153,00011,197,00013,037,0003,290,00014,199,00029,620,00035,590,00046,807,00056,897,00062,018,00060,256,00059,008,00066,596,00074,970,00068,453,00065,992,000
Other Income Or Grants00160,000594,0002,923,00000000000000
Cost Of Sales5,083,00011,344,00011,884,0004,018,00017,808,00028,019,00032,246,00047,290,00054,247,00056,457,00056,201,00053,157,00058,479,00066,422,00061,334,00059,921,000
Gross Profit70,000-147,0001,313,000-134,000-686,0001,601,0003,344,000-483,0002,650,0005,561,0004,055,0005,851,0008,117,0008,548,0007,119,0006,071,000
Admin Expenses289,000942,0001,741,000228,000531,000938,0001,039,0001,101,000293,000286,0003,394,0004,762,0005,556,0004,391,0003,823,0004,119,000
Operating Profit-219,000-1,089,000-428,000-362,000-1,217,000663,0002,305,000-1,584,0002,357,0005,275,000661,0001,089,0002,561,0004,157,0003,296,0001,952,000
Interest Payable77,000245,000161,00051,0005,00011,000154,0003,00000000003,000
Interest Receivable0000104,000240,000286,000285,0004,00000017,000253,000324,000792,000
Pre-Tax Profit-296,000-1,334,000-589,000-413,000-1,118,000926,0002,437,000-1,302,000819,0005,275,000661,000399,0002,578,0004,410,0003,620,0002,741,000
Tax83,000507,000469,00055,000106,000-202,000-469,00031,000-374,000-1,350,000-160,000-165,000-757,000-1,267,000-968,000-977,000
Profit After Tax-213,000-827,000-120,000-358,000-1,012,000724,0001,968,000-1,271,000445,0003,925,000501,000234,0001,821,0003,143,0002,652,0001,764,000
Dividends Paid0000000000016,000,00003,875,00000
Retained Profit-213,000-827,000-120,000-358,000-1,012,000724,0001,968,000-1,271,000445,0003,925,000501,000-15,766,0001,821,000-732,0002,652,0001,764,000
Employee Costs2,340,0006,296,0008,006,0002,878,00012,383,00015,668,00018,614,00025,374,00029,230,00030,546,00029,533,00029,776,00033,198,00038,302,00036,068,00034,452,000
Number Of Employees933894814469278821,0311,6311,8451,9762,9052,9883,5384,2734,0343,887
EBITDA*-185,000-1,054,000-320,000-302,000-1,023,000923,0002,480,000-1,417,0002,483,0005,382,000769,0001,120,0002,604,0004,232,0003,397,0002,098,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Nov 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets70,00035,000963,000904,000924,000376,000312,000454,000392,00066,000175,00080,00055,00075,000126,000196,000
Intangible Assets000007,00022,00021,00028,00044,000000000
Investments & Other211,000273,00000000000000000
Debtors (Due After 1 year)00461,000377,000352,0008,207,0008,000,00010,075,00000000000
Total Fixed Assets281,000308,000502,000527,000572,0008,590,0008,334,00010,550,000420,000110,000175,00080,00055,00075,000126,000196,000
Stock & work in progress33,00097,000251,000222,000253,000404,000456,000670,000824,000885,000958,0001,081,0001,050,0001,447,0001,369,0001,186,000
Trade Debtors077,000455,000320,000542,0001,271,0001,318,0002,653,0003,143,0005,857,0004,666,0005,770,0004,288,0006,902,0005,015,0005,448,000
Group Debtors8,280,0008,058,0008,911,0008,532,0009,759,0002,352,0004,263,0003,415,00015,438,0001,270,0001,878,0001,175,0001,376,000401,000346,000404,000
Misc Debtors667,0001,316,0002,228,000981,0001,426,0001,279,0001,412,0002,951,0002,419,0005,626,0003,170,0005,184,0005,284,0004,591,0003,966,0004,142,000
Cash314,0001,201,000807,0001,585,000178,0001,796,000183,000283,0000769,0003,409,00014,457,00018,698,00020,873,00021,961,00016,903,000
misc current assets0000000000000000
total current assets9,294,00010,749,00012,724,00011,640,00012,158,0007,102,0007,632,0009,972,00021,824,00014,407,00014,081,00027,667,00030,696,00034,214,00032,657,00028,083,000
total assets9,575,00011,057,00013,226,00012,167,00012,730,00015,692,00015,966,00020,522,00022,244,00014,517,00014,256,00027,747,00030,751,00034,289,00032,783,00028,279,000
Bank overdraft0000004,245,0005,839,000597,0000000000
Bank loan0000000000000000
Trade Creditors 511,00027,0008,000668,0001,127,0002,014,000923,0002,438,0001,316,0001,800,0003,354,0006,789,0007,150,00010,169,0009,536,0009,054,000
Group/Directors Accounts874,0003,617,0000003,892,0001,881,0004,027,0008,198,0003,200,0003,689,00016,458,0002,701,0001,893,00090,000378,000
other short term finances0000000000000000
hp & lease commitments08,000022,00046,00064,00000000000013,000
other current liabilities2,309,0001,399,0006,494,0004,921,0004,678,0002,021,0002,047,0003,316,0005,944,0003,489,0003,926,0002,507,0003,831,0006,979,0007,177,0005,506,000
total current liabilities3,694,0005,051,0006,502,0005,611,0005,851,0007,991,0009,096,00015,620,00016,055,0008,489,00010,969,00025,754,00013,682,00019,041,00016,803,00014,951,000
loans00004,00000000000000
hp & lease commitments00002,00033,0000000000000
Accruals and Deferred Income0000000000000000
other liabilities1,00026,00000000000000000
provisions001,338,0001,450,0001,636,00022,0000016,000299,0001,483,000690,0000000
total long term liabilities1,00026,000669,000725,000820,000274,0000016,000299,0001,483,000690,0000000
total liabilities3,695,0005,077,0007,171,0006,336,0006,671,0008,265,0009,096,00015,620,00016,071,0008,788,00012,452,00026,444,00013,682,00019,041,00016,803,00014,951,000
net assets5,880,0005,980,0006,055,0005,831,0006,059,0007,427,0006,870,0004,902,0006,173,0005,729,0001,804,0001,303,00017,069,00015,248,00015,980,00013,328,000
total shareholders funds5,880,0005,980,0006,055,0005,831,0006,059,0007,427,0006,870,0004,902,0006,173,0005,729,0001,804,0001,303,00017,069,00015,248,00015,980,00013,328,000
Mar 2024Mar 2023Mar 2022Mar 2021Nov 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-219,000-1,089,000-428,000-362,000-1,217,000663,0002,305,000-1,584,0002,357,0005,275,000661,0001,089,0002,561,0004,157,0003,296,0001,952,000
Depreciation34,00035,000108,00060,000193,000257,000175,000167,00082,00031,00038,00031,00043,00075,000101,000146,000
Amortisation00001,0003,0000044,00076,00070,00000000
Tax83,000507,000469,00055,000106,000-202,000-469,00031,000-374,000-1,350,000-160,000-165,000-757,000-1,267,000-968,000-977,000
Stock-64,000-154,00029,000-31,000-151,000-52,000-214,000-154,000-61,000-73,000-123,00031,000-397,00078,000183,0001,186,000
Debtors-504,000-2,604,0001,845,000-1,869,000-1,030,000-1,884,000-4,101,000-1,906,0008,247,0003,039,000-2,415,0001,181,000-946,0002,567,000-667,0009,994,000
Creditors484,00019,000-660,000-459,000-887,0001,091,000-1,515,0001,122,000-484,000-1,554,000-3,435,000-361,000-3,019,000633,000482,0009,054,000
Accruals and Deferred Income910,000-5,095,0001,573,000243,0002,657,000-26,000-1,269,000-2,628,0002,455,000-437,0001,419,000-1,324,000-3,148,000-198,0001,671,0005,506,000
Deferred Taxes & Provisions0-1,338,000-112,000-186,0001,614,00022,0000-16,000-283,000-1,184,000793,000690,0000000
Cash flow from operations1,860,000-4,203,000-924,0001,251,0003,648,0003,744,0003,542,000-848,000-4,389,000-2,109,0001,924,000-1,252,000-2,977,000755,0005,066,0004,501,000
Investing Activities
capital expenditure-69,000893,000-167,000-40,000-735,000-309,000-34,000-222,000-436,000-42,000-203,000-56,000-23,000-24,000-30,000-62,000
Change in Investments-62,000273,00000000000000000
cash flow from investments-7,000620,000-167,000-40,000-735,000-309,000-34,000-222,000-436,000-42,000-203,000-56,000-23,000-24,000-30,000-62,000
Financing Activities
Bank loans0000000000000000
Group/Directors Accounts-2,743,0003,617,00000-3,892,0002,011,000-2,146,000-4,171,0004,998,000-489,000-12,769,00013,757,000808,0001,803,000-288,000378,000
Other Short Term Loans 0000000000000000
Long term loans000-4,0004,00000000000000
Hire Purchase and Lease Commitments-8,0008,000-22,000-26,000-49,00097,00000000000-13,00013,000
other long term liabilities-25,00026,00000000000000000
share issue113,000752,000344,000130,000-356,000-167,00000-1,00000000011,564,000
interest-77,000-245,000-161,000-51,00099,000229,000132,000282,0004,00000017,000253,000324,000789,000
cash flow from financing-2,740,0004,158,000161,00049,000-4,194,0002,170,000-2,014,000-3,889,0005,001,000-489,000-12,769,00013,757,000825,0002,056,00023,00012,744,000
cash and cash equivalents
cash-887,000394,000-778,0001,407,000-1,618,0001,613,000-100,000283,000-769,000-2,640,000-11,048,000-4,241,000-2,175,000-1,088,0005,058,00016,903,000
overdraft00000-4,245,000-1,594,0005,242,000597,0000000000
change in cash-887,000394,000-778,0001,407,000-1,618,0005,858,0001,494,000-4,959,000-1,366,000-2,640,000-11,048,000-4,241,000-2,175,000-1,088,0005,058,00016,903,000

mitie catering services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mitie Catering Services Limited Competitor Analysis

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Perform a competitor analysis for mitie catering services limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.

mitie catering services limited Ownership

MITIE CATERING SERVICES LIMITED group structure

Mitie Catering Services Limited has no subsidiary companies.

Ultimate parent company

2 parents

MITIE CATERING SERVICES LIMITED

02505731

MITIE CATERING SERVICES LIMITED Shareholders

mitie fs (uk) limited 100%

mitie catering services limited directors

Mitie Catering Services Limited currently has 3 directors. The longest serving directors include Mr Peter Dickinson (Nov 2020) and Mr Peter Dickinson (Nov 2020).

officercountryagestartendrole
Mr Peter DickinsonEngland62 years Nov 2020- Director
Mr Peter DickinsonEngland62 years Nov 2020- Director
Mr Jeremy Williams55 years Apr 2021- Director

P&L

March 2024

turnover

5.2m

-54%

operating profit

-219k

-80%

gross margin

1.4%

-203.47%

turnover

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

Balance Sheet

March 2024

net assets

5.9m

-0.02%

total assets

9.6m

-0.13%

cash

314k

-0.74%

net assets

Total assets minus all liabilities

mitie catering services limited company details

company number

02505731

Type

Private limited with Share Capital

industry

56210 - Event catering activities

incorporation date

May 1990

age

35

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

March 2024

previous names

interserve catering services limited (December 2020)

initial catering services limited (March 2014)

See more

accountant

-

auditor

BDO LLP

address

level 12, the shard, 32 london bridge stre, london, SE1 9SG

Bank

BARCLAYS BANK PLC

Legal Advisor

-

mitie catering services 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 5 charges/mortgages relating to mitie catering services limited. Currently there are 1 open charges and 4 have been satisfied in the past.

mitie catering services 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.

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mitie catering services limited Companies House Filings - See Documents

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