ming-ai association
ming-ai association Company Information
Company Number
02763177
Next Accounts
Jun 2025
Industry
Other education n.e.c.
Shareholders
-
Group Structure
View All
Contact
Registered Address
1 cline road, london, N11 2LX
Website
http://ming-ai.org.ukming-ai association Estimated Valuation
Pomanda estimates the enterprise value of MING-AI ASSOCIATION at £146.8k based on a Turnover of £187.5k and 0.78x industry multiple (adjusted for size and gross margin).
ming-ai association Estimated Valuation
Pomanda estimates the enterprise value of MING-AI ASSOCIATION at £0 based on an EBITDA of £-69.7k and a 4.4x industry multiple (adjusted for size and gross margin).
ming-ai association Estimated Valuation
Pomanda estimates the enterprise value of MING-AI ASSOCIATION at £65.9k based on Net Assets of £28.7k and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ming-ai Association Overview
Ming-ai Association is a live company located in london, N11 2LX with a Companies House number of 02763177. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in November 1992, it's largest shareholder is unknown. Ming-ai Association is a mature, micro sized company, Pomanda has estimated its turnover at £187.5k with declining growth in recent years.
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Ming-ai Association Health Check
Pomanda's financial health check has awarded Ming-Ai Association a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £187.5k, make it smaller than the average company (£485.4k)
£187.5k - Ming-ai Association
£485.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (5.6%)
-6% - Ming-ai Association
5.6% - Industry AVG
Production
with a gross margin of 57.3%, this company has a comparable cost of product (57.3%)
57.3% - Ming-ai Association
57.3% - Industry AVG
Profitability
an operating margin of -37.7% make it less profitable than the average company (5.1%)
-37.7% - Ming-ai Association
5.1% - Industry AVG
Employees
with 9 employees, this is below the industry average (13)
9 - Ming-ai Association
13 - Industry AVG
Pay Structure
on an average salary of £15.8k, the company has a lower pay structure (£28.7k)
£15.8k - Ming-ai Association
£28.7k - Industry AVG
Efficiency
resulting in sales per employee of £20.8k, this is less efficient (£51.3k)
£20.8k - Ming-ai Association
£51.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (18 days)
0 days - Ming-ai Association
18 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ming-ai Association
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ming-ai Association
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 76 weeks, this is less cash available to meet short term requirements (111 weeks)
76 weeks - Ming-ai Association
111 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.1%, this is a higher level of debt than the average (24.4%)
63.1% - Ming-ai Association
24.4% - Industry AVG
MING-AI ASSOCIATION financials
Ming-Ai Association's latest turnover from September 2023 is £187.5 thousand and the company has net assets of £28.7 thousand. According to their latest financial statements, Ming-Ai Association has 9 employees and maintains cash reserves of £72.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 187,480 | 178,093 | 361,972 | 223,635 | 187,597 | 229,244 | 286,709 | 157,705 | 184,013 | 226,635 | 145,517 | 122,884 | 204,300 | 137,209 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 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 | -65,725 | -73,242 | 134,924 | 18,191 | -11,524 | -21,555 | 5,574 | 18,622 | -4,568 | 30,794 | 683 | -314 | 4,009 | 812 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -65,725 | -73,242 | 134,924 | 18,191 | -11,524 | -21,555 | 5,574 | 18,622 | -4,568 | 30,794 | 683 | -314 | 4,009 | 812 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -65,725 | -73,242 | 134,924 | 18,191 | -11,524 | -21,555 | 5,574 | 18,622 | -4,568 | 30,794 | 683 | -314 | 4,009 | 812 |
| Employee Costs | 141,752 | 127,464 | 126,615 | 111,685 | 111,250 | 141,126 | 140,821 | 98,283 | 105,567 | 104,524 | 91,946 | 75,635 | 106,002 | 87,185 |
| Number Of Employees | 9 | 12 | 8 | 6 | 6 | 10 | 12 | 12 | 9 | 9 | 8 | 4 | 4 | 4 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,304 | 3,352 | 4,471 | 1,553 | 2,070 | 2,759 | 3,679 | 4,905 | 5,425 | 1,202 | 1,603 | 2,139 | 1,165 | 1,218 |
| Intangible Assets | 0 | 0 | 0 | 0 | 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 | 2,304 | 3,352 | 4,471 | 1,553 | 2,070 | 2,759 | 3,679 | 4,905 | 5,425 | 1,202 | 1,603 | 2,139 | 1,165 | 1,218 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 194 | 0 | 150 | 215 | 146 | 91 | 15,350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,783 | 3,611 | 6,749 | 0 | 0 | 1,810 | 3,492 | 10,595 | 1,531 | 48,278 | 6,361 | 131 | 140 | 2,277 |
| Cash | 72,416 | 118,209 | 180,713 | 46,722 | 18,768 | 42,111 | 37,748 | 35,074 | 22,735 | 54,097 | 0 | 46 | 44,756 | 6,122 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 75,393 | 121,820 | 187,612 | 46,937 | 18,914 | 44,012 | 56,590 | 45,669 | 24,266 | 102,375 | 6,361 | 177 | 44,896 | 8,399 |
| total assets | 77,697 | 125,172 | 192,083 | 48,490 | 20,984 | 46,771 | 60,269 | 50,574 | 29,691 | 103,577 | 7,964 | 2,316 | 46,061 | 9,617 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 12,842 | 0 | 2,195 | 0 | 0 | 4,563 | 35 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 9,122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 48,991 | 21,619 | 24,410 | 10,961 | 1,646 | 3,067 | 7,852 | 1,536 | 1,469 | 70,787 | 1,405 | 968 | 44,434 | 11,999 |
| total current liabilities | 48,991 | 30,741 | 24,410 | 10,961 | 1,646 | 15,909 | 7,852 | 3,731 | 1,469 | 70,787 | 5,968 | 1,003 | 44,434 | 11,999 |
| 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 | 48,991 | 30,741 | 24,410 | 10,961 | 1,646 | 15,909 | 7,852 | 3,731 | 1,469 | 70,787 | 5,968 | 1,003 | 44,434 | 11,999 |
| net assets | 28,706 | 94,431 | 167,673 | 37,529 | 19,338 | 30,862 | 52,417 | 46,843 | 28,222 | 32,790 | 1,996 | 1,313 | 1,627 | -2,382 |
| total shareholders funds | 28,706 | 94,431 | 167,673 | 37,529 | 19,338 | 30,862 | 52,417 | 46,843 | 28,222 | 32,790 | 1,996 | 1,313 | 1,627 | -2,382 |
| Sep 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 1,048 | 1,117 | 1,556 | 517 | 690 | 920 | 1,226 | 1,356 | 1,809 | 400 | 535 | 713 | 388 | 406 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -634 | -3,288 | 6,684 | 69 | -1,755 | -16,941 | 8,247 | 9,064 | -46,747 | 41,917 | 6,230 | -9 | 140 | 2,277 |
| Creditors | -9,122 | 9,122 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 27,372 | -2,791 | 13,449 | 9,315 | -1,421 | -4,785 | 6,316 | 67 | -69,318 | 69,382 | 437 | -43,466 | 44,434 | 11,999 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | ||
| cash flow from financing | 0 | 0 | -4,780 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -2,382 | -3,194 | ||
| cash and cash equivalents | ||||||||||||||
| cash | -45,793 | -62,504 | 133,991 | 27,954 | -23,343 | 4,363 | 2,674 | 12,339 | -31,362 | 54,097 | -46 | -44,710 | 44,756 | 6,122 |
| overdraft | 0 | 0 | 0 | 0 | -12,842 | 12,842 | -2,195 | 2,195 | 0 | -4,563 | 4,528 | 35 | 0 | 0 |
| change in cash | -45,793 | -62,504 | 133,991 | 27,954 | -10,501 | -8,479 | 4,869 | 10,144 | -31,362 | 58,660 | -4,574 | -44,745 | 44,756 | 6,122 |
ming-ai association Credit Report and Business Information
Ming-ai Association Competitor Analysis
Perform a competitor analysis for ming-ai association by selecting its closest rivals, whether from the EDUCATION sector, other micro companies, companies in N11 area or any other competitors across 12 key performance metrics.
ming-ai association Ownership
MING-AI ASSOCIATION group structure
Ming-Ai Association has no subsidiary companies.
Ultimate parent company
MING-AI ASSOCIATION
02763177
ming-ai association directors
Ming-Ai Association currently has 8 directors. The longest serving directors include Mr Holland Kwok (Nov 1992) and Mr Kahfei Ho (May 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Holland Kwok | 90 years | Nov 1992 | - | Director | |
| Mr Kahfei Ho | 60 years | May 2010 | - | Director | |
| Professor Liu Leck | England | 66 years | May 2010 | - | Director |
| Ms Grace Chung | 66 years | Jan 2014 | - | Director | |
| Mr Andrew Kwok | England | 59 years | Oct 2016 | - | Director |
| Mrs Hanifah Law | England | 76 years | Oct 2016 | - | Director |
| Prof Dr Ibrahim Sirkeci | England | 51 years | Oct 2021 | - | Director |
| Mr Wilson Ng | United Kingdom | 64 years | Oct 2021 | - | Director |
P&L
September 2023turnover
187.5k
+5%
operating profit
-70.7k
0%
gross margin
57.3%
-0.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
28.7k
-0.7%
total assets
77.7k
-0.38%
cash
72.4k
-0.39%
net assets
Total assets minus all liabilities
Similar Companies
ming-ai association company details
company number
02763177
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
November 1992
age
32
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
GEORGE ARTHUR LTD
address
1 cline road, london, N11 2LX
Bank
HSBC BANK PLC
Legal Advisor
-
ming-ai association 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 ming-ai association.
ming-ai association 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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ming-ai association Companies House Filings - See Documents
| date | description | view/download |
|---|
