myi limited

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myi limited Company Information

Share MYI LIMITED

Company Number

02561541

Shareholders

myi acquiror limited

Group Structure

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Industry

Risk and damage evaluation

 

Registered Address

forum house 15-18 lime street, london, EC3M 7AN

myi limited Estimated Valuation

£197m

Pomanda estimates the enterprise value of MYI LIMITED at £197m based on a Turnover of £50.7m and 3.89x industry multiple (adjusted for size and gross margin).

myi limited Estimated Valuation

£134m

Pomanda estimates the enterprise value of MYI LIMITED at £134m based on an EBITDA of £7.5m and a 17.82x industry multiple (adjusted for size and gross margin).

myi limited Estimated Valuation

£34.3m

Pomanda estimates the enterprise value of MYI LIMITED at £34.3m based on Net Assets of £22.2m and 1.55x industry multiple (adjusted for liquidity).

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Myi Limited Overview

Myi Limited is a live company located in london, EC3M 7AN with a Companies House number of 02561541. It operates in the risk and damage evaluation sector, SIC Code 66210. Founded in November 1990, it's largest shareholder is myi acquiror limited with a 100% stake. Myi Limited is a mature, large sized company, Pomanda has estimated its turnover at £50.7m with healthy growth in recent years.

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Myi Limited Health Check

Pomanda's financial health check has awarded Myi Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £50.7m, make it larger than the average company (£2m)

£50.7m - Myi Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.3%)

12% - Myi Limited

3.3% - Industry AVG

production

Production

with a gross margin of 53%, this company has a comparable cost of product (52.5%)

53% - Myi Limited

52.5% - Industry AVG

profitability

Profitability

an operating margin of 14.2% make it more profitable than the average company (3.7%)

14.2% - Myi Limited

3.7% - Industry AVG

employees

Employees

with 310 employees, this is above the industry average (21)

310 - Myi Limited

21 - Industry AVG

paystructure

Pay Structure

on an average salary of £104k, the company has a higher pay structure (£57.4k)

£104k - Myi Limited

£57.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £163.4k, this is more efficient (£96.8k)

£163.4k - Myi Limited

£96.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 78 days, this is near the average (85 days)

78 days - Myi Limited

85 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is slower than average (33 days)

39 days - Myi Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Myi Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is average cash available to meet short term requirements (7 weeks)

6 weeks - Myi Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 61.4%, this is a higher level of debt than the average (48.7%)

61.4% - Myi Limited

48.7% - Industry AVG

MYI LIMITED financials

EXPORTms excel logo

Myi Limited's latest turnover from March 2024 is £50.7 million and the company has net assets of £22.2 million. According to their latest financial statements, Myi Limited has 310 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover50,656,86642,628,50335,734,55136,069,45039,171,66538,587,20037,424,63130,065,00926,113,30124,790,93921,044,47818,919,5447,703,45516,883,47618,018,218
Other Income Or Grants
Cost Of Sales23,834,03320,149,65619,036,98918,101,03718,388,58520,149,63920,305,00116,372,66716,442,79812,014,37211,332,26510,340,7644,719,6874,619,4667,136,004
Gross Profit26,822,83322,478,84716,697,56217,968,41320,783,08018,437,56117,119,63013,692,3429,670,50312,776,5679,712,2138,578,7802,983,76812,264,01010,882,214
Admin Expenses19,644,31815,693,01216,463,35713,688,76413,574,64125,915,06011,915,6809,856,4166,398,0299,743,4167,289,8216,385,9882,661,54810,585,3349,235,228
Operating Profit7,178,5156,785,835234,2054,279,6497,208,439-7,477,4995,203,9503,835,9263,272,4743,033,1512,422,3922,192,792322,2201,678,6761,646,986
Interest Payable467,283438,305410,094389,438380,195375,668350,130357,034362,736364,671296,917112,42896,471111,55478,161
Interest Receivable356,6783,8221,999109,68137,357
Pre-Tax Profit5,760,4016,536,003145,1453,450,8336,929,869-7,737,7194,983,6793,775,5034,022,2432,858,0621,935,0352,070,1616,335,5361,527,3681,665,482
Tax-2,370,361-688,016200,098-608,690-1,481,967-556,035-109,278-340,339-373,48521,700132,462-277,874120,863-199,852-340,435
Profit After Tax3,390,0405,847,987345,2432,842,1435,447,902-8,293,7544,874,4013,435,1643,648,7582,879,7622,067,4971,792,2876,456,3991,327,5161,325,047
Dividends Paid15,000,0001,727,797293,441370,5113,926,7272,108,2161,569,7621,292,2221,610,782
Retained Profit-11,609,9604,120,19051,8022,842,1435,077,391-12,220,4812,766,1853,435,1642,078,9961,587,540456,7151,792,2876,456,3991,207,2581,178,248
Employee Costs32,244,70325,671,75524,782,88121,490,98019,597,79418,923,47318,668,60413,824,03912,392,43911,366,2799,770,7459,638,2464,266,3438,660,2228,778,570
Number Of Employees31027925625424325324518517216514314659182203
EBITDA*7,520,3017,139,883530,5734,541,6357,496,692-7,184,1595,483,8623,993,6923,414,9133,161,5452,543,4732,324,106364,7671,961,0731,908,441

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,494,939850,898691,642250,452240,976293,919296,675264,218260,694283,475351,641427,770352,383441,358397,817
Intangible Assets1,507,3461,670,3021,833,2581,996,2152,159,1712,322,1272,485,0842,648,040190,612324,376
Investments & Other1,023,4742,565,1502,574,3531,940,7582,271,8171,939,2681,705,1263,301,4406,918,1646,909,5055,309,98776,72876,728
Debtors (Due After 1 year)142,554166,263
Total Fixed Assets4,025,7595,086,3505,099,2534,187,4254,671,9644,555,3144,486,8856,213,6987,178,8587,192,9805,661,628504,498429,111774,524888,456
Stock & work in progress8,393,3278,530,5469,467,2778,260,6776,133,6245,577,6105,349,3955,213,1624,351,6313,833,1063,087,073
Trade Debtors10,888,36610,693,9748,108,6407,889,48910,073,6639,914,32212,327,6218,445,7078,652,5567,428,5426,969,4915,216,6086,435,2785,764,5305,115,239
Group Debtors26,402,36634,149,51531,251,14225,903,40717,983,27610,454,7296,536,7973,860,5432,343,0742,923,0893,721,8214,699,8101,606,9361,023,3481,209,379
Misc Debtors3,685,5382,237,5831,385,414708,639736,603786,5782,665,0252,803,9882,249,3062,041,5821,897,5581,200,471674,060490,728684,551
Cash3,926,1703,044,9673,788,0015,049,6705,013,7645,305,7193,503,2585,294,0052,693,6772,907,4031,071,6301,901,0542,844,5202,977,2153,877,528
misc current assets8,560,6058,073,2417,110,6147,370,698
total current assets53,463,04558,199,28051,643,81146,921,90342,200,63334,991,89434,499,97828,664,92022,072,23720,878,22619,009,89518,231,10515,912,42514,088,92713,973,770
total assets57,488,80463,285,63056,743,06451,109,32846,872,59739,547,20838,986,86334,878,61829,251,09528,071,20624,671,52318,735,60316,341,53614,863,45114,862,226
Bank overdraft
Bank loan
Trade Creditors 2,551,1601,890,9791,318,5171,234,6811,552,0881,213,8031,172,7591,622,7801,031,864736,5511,182,1571,200,2381,218,9041,500,4102,024,526
Group/Directors Accounts15,328,41411,747,35814,334,63111,343,95110,131,55010,309,4149,681,75110,208,4569,058,24911,280,1608,741,2884,324,3823,657,1722,693,2722,662,999
other short term finances
hp & lease commitments27,850
other current liabilities12,492,64211,447,43211,365,17810,545,7279,867,2287,441,7767,735,8475,400,5065,029,8904,007,5544,366,3653,295,8423,324,0811,830,1171,929,692
total current liabilities30,372,21625,085,76927,018,32623,124,35921,550,86618,964,99318,590,35717,231,74215,120,00316,024,26514,289,8108,820,4628,200,1576,023,7996,645,067
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities4,950,9374,242,3311,358,7891,311,898
provisions10,6001,50420,71743,54484,236
total long term liabilities4,950,9374,242,33110,600215,741430,296361,570280,333263,315107,781121,436133,7031,536,0361,481,698
total liabilities35,323,15329,328,10027,018,32623,134,95921,550,86619,180,73419,020,65317,593,31215,400,33616,287,58014,397,5918,941,8988,333,8607,559,8358,126,765
net assets22,165,65133,957,53029,724,73827,974,36925,321,73120,366,47419,966,21017,285,30613,850,75911,783,62610,273,9329,793,7058,007,6765,937,4785,485,805
total shareholders funds22,165,65133,957,53029,724,73827,974,36925,321,73120,366,47419,966,21017,285,30613,850,75911,783,62610,273,9329,793,7058,007,6765,937,4785,485,805
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit7,178,5156,785,835234,2054,279,6497,208,439-7,477,4995,203,9503,835,9263,272,4743,033,1512,422,3922,192,792322,2201,678,6761,646,986
Depreciation178,830191,092133,41199,030125,297130,383116,956157,766142,439128,394121,081131,31442,547128,360164,248
Amortisation162,956162,956162,957162,956162,956162,957162,956154,03797,207
Tax-2,370,361-688,016200,098-608,690-1,481,967-556,035-109,278-340,339-373,48521,700132,462-277,874120,863-199,852-340,435
Stock-8,393,327-137,219-936,7311,206,6002,127,053556,014228,215136,233861,531518,525746,0333,087,073
Debtors-6,104,8026,335,8766,243,6615,707,9937,637,913-373,8146,419,2051,865,302851,723-195,6571,471,9812,400,6151,295,114245,7287,175,432
Creditors660,181572,46283,836-317,407338,28541,044-450,021590,916295,313-445,606-18,081-18,666-281,506-524,1162,024,526
Accruals and Deferred Income1,045,21082,254819,451678,4992,425,452-294,0712,335,341370,6161,022,336-358,8111,070,523-28,2391,493,964-99,5751,929,692
Deferred Taxes & Provisions-10,60010,600-1,5041,504-20,71720,717-43,544-40,69284,236
Cash flow from operations12,960,133770,707-4,620,3036,989,9711,276,264-6,681,172-365,901622,5302,951,3402,346,2702,099,446-1,242,102-159,095105,077-4,656,045
Investing Activities
capital expenditure-822,871-350,348-574,601-108,506-72,354-127,627-149,413-2,809,330-119,658-60,228-44,952-206,701237,040-177,069-106,040
Change in Investments-1,541,676-9,203633,595-331,059332,549234,142-1,596,314-3,616,7248,6591,599,5185,233,25976,728
cash flow from investments718,805-341,145-1,208,196222,553-404,903-361,7691,446,901807,394-128,317-1,659,746-5,278,211-206,701160,312-177,069-106,040
Financing Activities
Bank loans
Group/Directors Accounts3,581,056-2,587,2732,990,6801,212,401-177,864627,663-526,7051,150,207-2,221,9112,538,8724,416,906667,210963,90030,2732,662,999
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-27,85027,850
other long term liabilities708,6064,242,331-1,358,78946,8911,311,898
share issue-181,919112,6021,698,567-189,505-122,13412,620,745-85,281-617-11,863-77,84623,512-6,258-4,386,201-755,5854,307,557
interest-467,283-438,305-410,094-389,438-380,195-375,668-350,130-357,034-362,736-364,636-290,239-108,606-94,472-1,873-40,804
cash flow from financing3,640,4601,329,3554,279,153633,458-680,19312,872,740-962,116792,556-2,596,5102,096,3904,150,179552,346-4,875,562-708,1448,269,500
cash and cash equivalents
cash881,203-743,034-1,261,66935,906-291,9551,802,461-1,790,7472,600,328-213,7261,835,773-829,424-943,466-132,695-900,3133,877,528
overdraft
change in cash881,203-743,034-1,261,66935,906-291,9551,802,461-1,790,7472,600,328-213,7261,835,773-829,424-943,466-132,695-900,3133,877,528

myi 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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Myi Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for myi limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3M area or any other competitors across 12 key performance metrics.

myi limited Ownership

MYI LIMITED group structure

Myi Limited has 2 subsidiary companies.

Ultimate parent company

MARGAUX ACQUISITION INC

#0112842

2 parents

MYI LIMITED

02561541

2 subsidiaries

MYI LIMITED Shareholders

myi acquiror limited 100%

myi limited directors

Myi Limited currently has 3 directors. The longest serving directors include Mr Gary Brown (May 2004) and Mrs Natalie Robinette (Mar 2021).

officercountryagestartendrole
Mr Gary BrownUnited States58 years May 2004- Director
Mrs Natalie RobinetteEngland65 years Mar 2021- Director
Mrs Natalie RobinetteEngland65 years Mar 2021- Director

P&L

March 2024

turnover

50.7m

+19%

operating profit

7.2m

+6%

gross margin

53%

+0.41%

turnover

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

Balance Sheet

March 2024

net assets

22.2m

-0.35%

total assets

57.5m

-0.09%

cash

3.9m

+0.29%

net assets

Total assets minus all liabilities

myi limited company details

company number

02561541

Type

Private limited with Share Capital

industry

66210 - Risk and damage evaluation

incorporation date

November 1990

age

35

incorporated

UK

ultimate parent company

MARGAUX ACQUISITION INC

accounts

Full Accounts

last accounts submitted

March 2024

previous names

mclarens international group limited (November 2004)

worthcool limited (January 1991)

accountant

-

auditor

GRANT THORNTON UK LLP

address

forum house 15-18 lime street, london, EC3M 7AN

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

myi 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 9 charges/mortgages relating to myi limited. Currently there are 4 open charges and 5 have been satisfied in the past.

myi 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 MYI LIMITED. This can take several minutes, an email will notify you when this has completed.

myi limited Companies House Filings - See Documents

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