mitre sports international limited
mitre sports international limited Company Information
Company Number
02688851
Website
http://www.mitre.comRegistered Address
8 manchester square, london, W1U 3PH
Industry
Wholesale of clothing and footwear
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pentland group limited 100%
mitre sports international limited Estimated Valuation
Pomanda estimates the enterprise value of MITRE SPORTS INTERNATIONAL LIMITED at £7.5m based on a Turnover of £17.9m and 0.42x industry multiple (adjusted for size and gross margin).
mitre sports international limited Estimated Valuation
Pomanda estimates the enterprise value of MITRE SPORTS INTERNATIONAL LIMITED at £0 based on an EBITDA of £-313k and a 5.11x industry multiple (adjusted for size and gross margin).
mitre sports international limited Estimated Valuation
Pomanda estimates the enterprise value of MITRE SPORTS INTERNATIONAL LIMITED at £0 based on Net Assets of £-4.6m and 1.85x industry multiple (adjusted for liquidity).
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Mitre Sports International Limited Overview
Mitre Sports International Limited is a live company located in london, W1U 3PH with a Companies House number of 02688851. It operates in the wholesale of clothing and footwear sector, SIC Code 46420. Founded in February 1992, it's largest shareholder is pentland group limited with a 100% stake. Mitre Sports International Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.9m with healthy growth in recent years.
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Mitre Sports International Limited Health Check
Pomanda's financial health check has awarded Mitre Sports International Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £17.9m, make it in line with the average company (£16m)
£17.9m - Mitre Sports International Limited
£16m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (2.1%)
10% - Mitre Sports International Limited
2.1% - Industry AVG
Production
with a gross margin of 32.6%, this company has a comparable cost of product (31.9%)
32.6% - Mitre Sports International Limited
31.9% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (4%)
-1.8% - Mitre Sports International Limited
4% - Industry AVG
Employees
with 61 employees, this is above the industry average (49)
- Mitre Sports International Limited
49 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Mitre Sports International Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £294k, this is equally as efficient (£297.1k)
- Mitre Sports International Limited
£297.1k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (43 days)
38 days - Mitre Sports International Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (36 days)
65 days - Mitre Sports International Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 171 days, this is more than average (124 days)
171 days - Mitre Sports International Limited
124 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Mitre Sports International Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 151.2%, this is a higher level of debt than the average (60.2%)
151.2% - Mitre Sports International Limited
60.2% - Industry AVG
mitre sports international limited Credit Report and Business Information
Mitre Sports International Limited Competitor Analysis
Perform a competitor analysis for mitre sports international limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mitre sports international limited Ownership
MITRE SPORTS INTERNATIONAL LIMITED group structure
Mitre Sports International Limited has no subsidiary companies.
Ultimate parent company
PENTLAND GROUP HOLDINGS LTD
#0135486
2 parents
MITRE SPORTS INTERNATIONAL LIMITED
02688851
mitre sports international limited directors
Mitre Sports International Limited currently has 3 directors. The longest serving directors include Mr Andrew Rubin (Aug 1995) and Mr Andrew Long (Dec 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Rubin | England | 59 years | Aug 1995 | - | Director |
| Mr Andrew Long | United Kingdom | 53 years | Dec 2008 | - | Director |
| Mr Chirag Patel | England | 46 years | Oct 2020 | - | Director |
MITRE SPORTS INTERNATIONAL LIMITED financials
Mitre Sports International Limited's latest turnover from December 2022 is £17.9 million and the company has net assets of -£4.6 million. According to their latest financial statements, we estimate that Mitre Sports International Limited has 61 employees and maintains cash reserves of £238 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 17,936,000 | 15,354,000 | 11,777,000 | 13,525,000 | 15,121,000 | 11,834,000 | 10,603,000 | 9,461,000 | 9,925,000 | 8,722,000 | 8,813,000 | 12,131,000 | 11,030,000 | 11,530,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 12,097,000 | 11,376,000 | 8,975,000 | 8,393,000 | 9,347,000 | 9,367,000 | 8,261,000 | 7,475,000 | 8,056,000 | 6,837,000 | 6,521,000 | 9,229,000 | ||
| Gross Profit | 5,839,000 | 3,978,000 | 2,802,000 | 5,132,000 | 5,774,000 | 2,467,000 | 2,342,000 | 1,986,000 | 1,869,000 | 1,885,000 | 2,292,000 | 2,902,000 | ||
| Admin Expenses | 6,158,000 | 6,198,000 | 4,632,000 | 6,082,000 | 6,684,000 | 2,536,000 | 2,736,000 | 3,195,000 | 3,363,000 | 4,398,000 | 4,412,000 | 3,768,000 | ||
| Operating Profit | -319,000 | -2,220,000 | -1,830,000 | -950,000 | -910,000 | -69,000 | -394,000 | -1,209,000 | -1,494,000 | -2,513,000 | -2,120,000 | -866,000 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -319,000 | -2,220,000 | -1,830,000 | -950,000 | -910,000 | -69,000 | -394,000 | -1,209,000 | -1,494,000 | -2,513,000 | -2,120,000 | -866,000 | -1,135,000 | -2,293,000 |
| Tax | 98,000 | 243,000 | 531,000 | 213,000 | 153,000 | 7,000 | 40,000 | 219,000 | -78,000 | 0 | 0 | 0 | 0 | -11,000 |
| Profit After Tax | -221,000 | -1,977,000 | -1,299,000 | -737,000 | -757,000 | -62,000 | -354,000 | -990,000 | -1,572,000 | -2,513,000 | -2,120,000 | -866,000 | -1,135,000 | -2,304,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -221,000 | -1,977,000 | -1,299,000 | -737,000 | -757,000 | -62,000 | -354,000 | -990,000 | -1,572,000 | -2,513,000 | -2,120,000 | -866,000 | -1,135,000 | -2,304,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 933,000 | 1,360,000 | 1,519,000 | 1,645,000 | 1,624,000 | 1,449,000 | 1,255,000 | 1,128,000 | 1,431,000 | |
| Number Of Employees | 26 | 28 | 29 | 28 | 19 | 21 | 15 | 23 | 23 | |||||
| EBITDA* | -313,000 | -2,216,000 | -1,830,000 | -950,000 | -910,000 | -69,000 | -394,000 | -1,209,000 | -1,494,000 | -2,513,000 | -2,117,000 | -865,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 6,000 | 8,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 11,000 | 7,000 |
| Intangible Assets | 0 | 0 | 38,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,000 | 8,000 | 38,000 | 75,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 11,000 | 7,000 |
| Stock & work in progress | 5,682,000 | 4,757,000 | 3,716,000 | 5,131,000 | 4,300,000 | 802,000 | 948,000 | 1,028,000 | 640,000 | 687,000 | 116,000 | 382,000 | 1,580,000 | 1,192,000 |
| Trade Debtors | 1,895,000 | 1,599,000 | 1,052,000 | 1,206,000 | 2,190,000 | 230,000 | 64,000 | 235,000 | 181,000 | 324,000 | 292,000 | 701,000 | 1,639,000 | 1,711,000 |
| Group Debtors | 373,000 | 416,000 | 39,000 | 7,654,000 | 7,974,000 | 11,790,000 | 12,224,000 | 75,000 | 75,000 | 12,655,000 | 10,406,000 | 10,580,000 | 8,221,000 | 7,571,000 |
| Misc Debtors | 706,000 | 1,090,000 | 1,017,000 | 788,000 | 526,000 | 388,000 | 428,000 | 12,694,000 | 11,949,000 | 653,000 | 661,000 | 588,000 | 348,000 | 233,000 |
| Cash | 238,000 | 416,000 | 11,000 | 759,000 | 1,009,000 | 66,000 | 32,000 | 83,000 | 0 | 0 | 0 | 1,000 | 447,000 | 2,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,894,000 | 8,278,000 | 5,835,000 | 15,538,000 | 15,999,000 | 13,276,000 | 13,696,000 | 14,116,000 | 12,845,000 | 14,319,000 | 11,475,000 | 12,252,000 | 12,235,000 | 10,709,000 |
| total assets | 8,900,000 | 8,286,000 | 5,873,000 | 15,613,000 | 15,999,000 | 13,276,000 | 13,696,000 | 14,116,000 | 12,845,000 | 14,319,000 | 11,475,000 | 12,255,000 | 12,246,000 | 10,716,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,972,000 | 9,000,000 | 0 | 0 | 0 | 6,674,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,184,000 | 1,060,000 | 378,000 | 496,000 | 692,000 | 206,000 | 338,000 | 386,000 | 247,000 | 445,000 | 187,000 | 143,000 | 607,000 | 289,000 |
| Group/Directors Accounts | 9,732,000 | 10,080,000 | 7,157,000 | 15,360,000 | 14,350,000 | 11,752,000 | 12,014,000 | 11,921,000 | 1,000 | 496,000 | 4,728,000 | 3,580,000 | 2,102,000 | 3,209,000 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 1,537,000 | 1,478,000 | 693,000 | 813,000 | 1,276,000 | 880,000 | 844,000 | 955,000 | 781,000 | 940,000 | 609,000 | 461,000 | 600,000 | 472,000 |
| total current liabilities | 13,453,000 | 12,618,000 | 8,228,000 | 16,669,000 | 16,318,000 | 12,838,000 | 13,196,000 | 13,262,000 | 11,001,000 | 10,881,000 | 5,524,000 | 4,184,000 | 3,309,000 | 10,644,000 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 13,453,000 | 12,618,000 | 8,228,000 | 16,669,000 | 16,318,000 | 12,838,000 | 13,196,000 | 13,262,000 | 11,001,000 | 10,881,000 | 5,524,000 | 4,184,000 | 3,309,000 | 10,644,000 |
| net assets | -4,553,000 | -4,332,000 | -2,355,000 | -1,056,000 | -319,000 | 438,000 | 500,000 | 854,000 | 1,844,000 | 3,438,000 | 5,951,000 | 8,071,000 | 8,937,000 | 72,000 |
| total shareholders funds | -4,553,000 | -4,332,000 | -2,355,000 | -1,056,000 | -319,000 | 438,000 | 500,000 | 854,000 | 1,844,000 | 3,438,000 | 5,951,000 | 8,071,000 | 8,937,000 | 72,000 |
| 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 | -319,000 | -2,220,000 | -1,830,000 | -950,000 | -910,000 | -69,000 | -394,000 | -1,209,000 | -1,494,000 | -2,513,000 | -2,120,000 | -866,000 | ||
| Depreciation | 6,000 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 1,000 | 9,000 | 48,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 98,000 | 243,000 | 531,000 | 213,000 | 153,000 | 7,000 | 40,000 | 219,000 | -78,000 | 0 | 0 | 0 | 0 | -11,000 |
| Stock | 925,000 | 1,041,000 | -1,415,000 | 831,000 | 3,498,000 | -146,000 | -80,000 | 388,000 | -47,000 | 571,000 | -266,000 | -1,198,000 | 388,000 | 1,192,000 |
| Debtors | -131,000 | 997,000 | -7,540,000 | -1,042,000 | -1,718,000 | -308,000 | -288,000 | 799,000 | -1,427,000 | 2,273,000 | -510,000 | 1,661,000 | 693,000 | 9,515,000 |
| Creditors | 1,124,000 | 682,000 | -118,000 | -196,000 | 486,000 | -132,000 | -48,000 | 139,000 | -198,000 | 258,000 | 44,000 | -464,000 | 318,000 | 289,000 |
| Accruals and Deferred Income | 59,000 | 785,000 | -120,000 | -463,000 | 396,000 | 36,000 | -111,000 | 174,000 | -159,000 | 331,000 | 148,000 | -139,000 | 128,000 | 472,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 174,000 | -2,544,000 | 7,418,000 | -1,185,000 | -1,655,000 | 296,000 | -145,000 | -1,864,000 | -455,000 | -4,768,000 | -1,149,000 | -1,931,000 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -348,000 | 2,923,000 | -8,203,000 | 1,010,000 | 2,598,000 | -262,000 | 93,000 | 11,920,000 | -495,000 | -4,232,000 | 1,148,000 | 1,478,000 | -1,107,000 | 3,209,000 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | -348,000 | 2,923,000 | -8,203,000 | 1,010,000 | 2,598,000 | -262,000 | 93,000 | 11,920,000 | -4,232,000 | 1,148,000 | 1,478,000 | 8,893,000 | 5,585,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | -178,000 | 405,000 | -748,000 | -250,000 | 943,000 | 34,000 | -51,000 | 83,000 | 0 | 0 | -1,000 | -446,000 | 445,000 | 2,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,972,000 | 972,000 | 9,000,000 | 0 | 0 | -6,674,000 | 6,674,000 |
| change in cash | -178,000 | 405,000 | -748,000 | -250,000 | 943,000 | 34,000 | -51,000 | 10,055,000 | -972,000 | -9,000,000 | -1,000 | -446,000 | 7,119,000 | -6,672,000 |
P&L
December 2022turnover
17.9m
+17%
operating profit
-319k
-86%
gross margin
32.6%
+25.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4.6m
+0.05%
total assets
8.9m
+0.07%
cash
238k
-0.43%
net assets
Total assets minus all liabilities
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mitre sports international limited company details
company number
02688851
Type
Private limited with Share Capital
industry
46420 - Wholesale of clothing and footwear
incorporation date
February 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
law 415 limited (May 1992)
incorporated
UK
address
8 manchester square, london, W1U 3PH
last accounts submitted
December 2022
mitre sports international 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 did not find charges/mortgages relating to mitre sports international limited.
mitre sports international limited Companies House Filings - See Documents
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