Midos Services Limited

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midos services limited Company Information

Live

MatureSmallLow

Company Number

02620179

Next Accounts

Mar 2025

Industry

Development of building projects

Directors

David Schreiber

Shareholders

midos group (uk) ltd

Group Structure

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Contact

Registered Address

147 stamford hill, london, N16 5LG

Website

www.midosgroup.co.uk

midos services limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of MIDOS SERVICES LIMITED at £2.7m based on a Turnover of £4.9m and 0.54x industry multiple (adjusted for size and gross margin).

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Midos Services Limited is a live company located in london, N16 5LG with a Companies House number of 02620179. It operates in the development of building projects sector, SIC Code 41100. Founded in June 1991, it's largest shareholder is midos group (uk) ltd with a 100% stake. Midos Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with low growth in recent years.

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

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £4.9m, make it larger than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (3%)

EXPORT

Midos Services Limited's latest turnover from June 2023 is estimated at £4.9 million and the company has net assets of £202 thousand. According to their latest financial statements, we estimate that Midos Services Limited has 18 employees and maintains cash reserves of £10.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	4,918,049	4,341,409	4,151,185	4,855,888	3,762,323	3,805,107	58,608,045	89,975,233	110,484,321	117,220,923	177,640,211	137,738,348	325,028,528
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,650,629	3,300,922	3,215,980	3,701,916	2,700,686	2,658,935	41,182,823	64,027,210	78,859,614	82,632,495	128,737,214	101,127,148	232,806,303
Gross Profit	1,267,420	1,040,486	935,206	1,153,972	1,061,637	1,146,172	17,425,222	25,948,023	31,624,708	34,588,428	48,902,997	36,611,200	92,222,225
Admin Expenses	1,235,089	990,480	867,983	1,182,014	1,007,396	1,135,759	17,419,878	25,157,326	30,825,802	33,614,908	48,918,779	37,107,890	93,925,074
Operating Profit	32,331	50,006	67,223	-28,042	54,241	10,413	5,344	790,697	798,906	973,520	-15,782	-496,690	-1,702,849
Interest Payable	340	78	452	452	262	132	0	0	0	0	0	0	0
Interest Receivable	117,269	29,342	13	6	1,703	26	46	5,071	12,154	13,153	19,058	21,303	8,293
Pre-Tax Profit	149,260	79,270	66,784	-28,488	55,683	10,306	5,390	795,768	811,059	986,673	3,276	-475,387	-1,694,556
Tax	-37,315	-15,061	-12,689	0	-10,580	-1,958	-1,078	-159,153	-170,322	-226,935	-786	0	0
Profit After Tax	111,945	64,209	54,095	-28,488	45,103	8,348	4,312	636,614	640,737	759,738	2,490	-475,387	-1,694,556
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	111,945	64,209	54,095	-28,488	45,103	8,348	4,312	636,614	640,737	759,738	2,490	-475,387	-1,694,556
Employee Costs	857,490	721,640	710,384	822,500	42,315	41,331	8,938,316	11,765,479	14,707,163	15,747,680	25,513,563	20,421,080	50,211,728
Number Of Employees	18	16	16	19	1	1	215	300	397	435	710	593	1,501
EBITDA*	32,331	50,006	67,223	-28,042	54,241	10,413	5,344	790,697	798,906	973,520	-15,782	-496,690	-1,702,849

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	0	0	0	0	0	0	0	0	283,420	641,699	641,699	332,871	332,871
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	400	400	400	400	400	400	400	300	251	1	100	100	100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	400	400	400	400	400	400	400	300	283,671	641,700	641,799	332,971	332,971
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	709,544	703,044	703,044	696,544	693,294	696,544	5,338,185	8,353,185	9,422,150	11,022,643	16,712,050	12,500,127	31,542,547
Group Debtors	5,102,169	420,088	383,208	341,133	119,844	130,642	0	0	0	0	0	0	0
Misc Debtors	1,248,267	1,261,776	4,469,620	4,472,120	4,221,936	4,662,954	0	0	0	0	0	0	0
Cash	10,721	4,680,041	14,678	11,067	670,555	10,692	9,733	8,820	2,019,501	2,841,928	2,419,071	5,204,152	3,317,044
misc current assets	0	0	0	0	235,215	235,215	235,215	0	0	0	0	0	0
total current assets	7,070,701	7,064,949	5,570,550	5,520,864	5,940,844	5,736,047	5,583,133	8,362,005	11,441,651	13,864,571	19,131,121	17,704,279	34,859,591
total assets	7,071,101	7,065,349	5,570,950	5,521,264	5,941,244	5,736,447	5,583,533	8,362,305	11,725,322	14,506,271	19,772,920	18,037,250	35,192,562
Bank overdraft	4,034	2,150	0	14,808	3,829	4,221	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	81,204	81,204	98,004	81,204	104,450	86,005	5,709,381	8,492,667	12,492,298	12,729,265	19,442,687	17,647,287	34,214,992
Group/Directors Accounts	99,819	204,979	204,979	227,669	314,186	66,077	0	0	0	0	0	0	0
other short term finances	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	0	0	0	0
other current liabilities	6,684,079	6,686,996	5,242,156	5,225,867	5,591,176	5,697,644	0	0	0	0	0	0	0
total current liabilities	6,869,136	6,975,329	5,545,139	5,549,548	6,013,641	5,853,947	5,709,381	8,492,667	12,492,298	12,729,265	19,442,687	17,647,287	34,214,992
loans	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	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	3,184,719	2,497,684	2,559,904	2,672,124
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	3,184,719	2,497,684	2,559,904	2,672,124
total liabilities	6,869,136	6,975,329	5,545,139	5,549,548	6,013,641	5,853,947	5,709,381	8,492,667	12,492,298	15,913,984	21,940,371	20,207,191	36,887,116
net assets	201,965	90,020	25,811	-28,284	-72,397	-117,500	-125,848	-130,362	-766,976	-1,407,713	-2,167,451	-2,169,941	-1,694,554
total shareholders funds	201,965	90,020	25,811	-28,284	-72,397	-117,500	-125,848	-130,362	-766,976	-1,407,713	-2,167,451	-2,169,941	-1,694,554

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	32,331	50,006	67,223	-28,042	54,241	10,413	5,344	790,697	798,906	973,520	-15,782	-496,690	-1,702,849
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-37,315	-15,061	-12,689	0	-10,580	-1,958	-1,078	-159,153	-170,322	-226,935	-786	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	4,675,072	-3,170,964	46,075	5,509,797	-455,066	151,955	-3,015,000	-1,068,965	-1,600,493	-5,689,407	4,211,923	-19,042,420	31,542,547
Creditors	0	-16,800	16,800	81,204	18,445	-5,623,376	-2,783,286	-3,999,631	-236,967	-6,713,422	1,795,400	-16,567,705	34,214,992
Accruals and Deferred Income	-2,917	1,444,840	16,289	5,225,867	-106,468	5,697,644	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-4,682,973	4,633,949	41,548	-230,768	410,704	-69,232	235,980	-2,299,122	1,992,110	-277,430	-2,433,091	1,978,025	969,596
Investing Activities
capital expenditure	0	0	0	0	0	0	0	283,420	358,279	0	-308,828	0	-332,871
Change in Investments	0	0	0	400	0	0	100	49	250	-99	0	0	100
cash flow from investments	0	0	0	-400	0	0	-100	283,371	358,029	99	-308,828	0	-332,971
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-105,160	0	-22,690	227,669	248,109	66,077	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-3,184,719	687,035	-62,220	-112,220	2,672,124
share issue	0	0	0	204	0	0	202	0	0	0	0	0	2
interest	116,929	29,264	-439	-446	1,441	-106	46	5,071	12,154	13,153	19,058	21,303	8,293
cash flow from financing	11,769	29,264	-23,129	227,427	249,550	65,971	248	5,071	-3,172,565	700,188	-43,162	-90,917	2,680,419
cash and cash equivalents
cash	-4,669,320	4,665,363	3,611	11,067	659,863	959	913	-2,010,681	-822,427	422,857	-2,785,081	1,887,108	3,317,044
overdraft	1,884	2,150	-14,808	14,808	-392	4,221	0	0	0	0	0	0	0
change in cash	-4,671,204	4,663,213	18,419	-3,741	660,255	-3,262	913	-2,010,681	-822,427	422,857	-2,785,081	1,887,108	3,317,044

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDOS SERVICES LIMITED group structure

Midos Services Limited has 1 subsidiary company.

Ultimate parent company

MIDOS GROUP (UK) LIMITED

08104268

1 parent

MIDOS SERVICES LIMITED

02620179

1 subsidiary

MIDOS SERVICES UK LTD

06803440

MIDOS SERVICES LIMITED Shareholders

midos group (uk) ltd

100%

Midos Services Limited currently has 1 director, Mr David Schreiber serving since Jun 1991.

officer	country	age	start	end	role
Mr David Schreiber	England	72 years	Jun 1991	-	Director

P&L

June 2023

turnover

4.9m

+13%

operating profit

32.3k

gross margin

25.8%

+7.53%

turnover

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

Balance Sheet

June 2023

net assets

202k

+1.24%

total assets

7.1m

cash

10.7k

-1%

net assets

Total assets minus all liabilities

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company number

02620179

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

June 1991

ultimate parent company

MIDOS GROUP (UK) LIMITED

previous names

N/A

address

147 stamford hill, london, N16 5LG

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 midos services limited. Currently there are 4 open charges and 1 have been satisfied in the past.

midos services limited Company Information

midos services limited Estimated Valuation

midos services limited Estimated Valuation

midos services limited Estimated Valuation

Midos Services Limited Overview

Midos Services Limited Health Check

MIDOS SERVICES LIMITED financials

midos services limited Credit Report and Business Information

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midos services limited Companies House Filings - See Documents