Midland Flat Roofing (western) Limited

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midland flat roofing (western) limited Company Information

Live

MatureSmallHigh

Company Number

02777786

Website

http://midlandflatroofingltd.co.uk

Registered Address

199 linden road, gloucester, gloucestershire, GL1 5DU

Industry

Roofing activities

Telephone

01452520258

Next Accounts Due

January 2025

Group Structure

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Directors

Andrew Birkett26 Years

Steven Webb26 Years

Shareholders

andrew birkett 50%

steven john webb 50%

midland flat roofing (western) limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of MIDLAND FLAT ROOFING (WESTERN) LIMITED at £3.3m based on Net Assets of £1.3m and 2.6x industry multiple (adjusted for liquidity).

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Midland Flat Roofing (western) Limited is a live company located in gloucestershire, GL1 5DU with a Companies House number of 02777786. It operates in the roofing activities sector, SIC Code 43910. Founded in January 1993, it's largest shareholder is andrew birkett with a 50% stake. Midland Flat Roofing (western) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with high growth in recent years.

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Pomanda's financial health check has awarded Midland Flat Roofing (Western) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £3.3m, make it larger than the average company (£609.8k)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (9.8%)

EXPORT

Midland Flat Roofing (Western) Limited's latest turnover from April 2023 is estimated at £3.3 million and the company has net assets of £1.3 million. According to their latest financial statements, we estimate that Midland Flat Roofing (Western) Limited has 17 employees and maintains cash reserves of £504.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,314,410	1,114,713	996,494	1,997,512	2,097,886	1,729,038	1,966,219	1,945,425	2,636,704	1,818,243	2,043,126	1,713,691	1,375,615	1,730,292
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,437,438	792,443	717,437	1,421,492	1,491,310	1,255,967	1,441,633	1,436,839	1,951,266	1,310,002	1,401,051	1,185,887	950,981	1,180,781
Gross Profit	876,972	322,270	279,057	576,020	606,576	473,071	524,586	508,587	685,437	508,241	642,076	527,803	424,634	549,510
Admin Expenses	847,146	52,422	203,691	442,543	620,804	472,030	479,039	477,475	559,758	423,987	556,796	491,582	374,160	-124,400
Operating Profit	29,826	269,848	75,366	133,477	-14,228	1,041	45,547	31,112	125,679	84,254	85,280	36,221	50,474	673,910
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	24,555	3,799	281	113	407	442	212	462	482	251	172	251	253	131
Pre-Tax Profit	54,381	273,647	75,647	133,590	-13,821	1,483	45,759	31,574	126,161	84,505	85,452	36,472	50,727	674,042
Tax	-13,595	-51,993	-14,373	-25,382	0	-282	-8,694	-6,315	-25,232	-17,746	-19,654	-8,753	-13,189	-188,732
Profit After Tax	40,786	221,654	61,274	108,208	-13,821	1,201	37,065	25,259	100,929	66,759	65,798	27,719	37,538	485,310
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	40,786	221,654	61,274	108,208	-13,821	1,201	37,065	25,259	100,929	66,759	65,798	27,719	37,538	485,310
Employee Costs	658,113	168,462	178,127	509,913	151,943	126,384	135,064	147,343	347,038	261,485	297,706	267,405	264,756	349,169
Number Of Employees	17	5	5	13	4	4	4	4	10	8	10	8	9	11
EBITDA*	40,988	276,450	83,119	137,727	-12,228	3,041	51,240	35,177	130,796	90,353	87,784	38,743	53,057	676,714

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	297,134	280,901	287,503	279,556	275,257	277,257	279,257	284,950	289,015	294,132	284,119	271,871	191,536	193,219
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	297,134	280,901	287,503	279,556	275,257	277,257	279,257	284,950	289,015	294,132	284,119	271,871	191,536	193,219
Stock & work in progress	402,656	327,092	365,883	467,078	462,944	446,446	436,059	383,655	352,200	338,100	332,950	333,337	333,837	333,027
Trade Debtors	0	12,381	24,923	60,388	73,161	49,002	50,142	73,458	89,787	41,208	135,792	25,710	46,177	52,785
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	94,819	29,260	25,000	25,000	35,207	31,568	34,815	38,222	0	0	0	0	0	0
Cash	504,915	650,636	362,467	199,052	26,417	82,064	94,548	75,226	109,386	83,527	16,758	51,980	48,542	52,586
misc current assets	1,000	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,003,390	1,019,369	778,273	751,518	597,729	609,080	615,564	570,561	551,373	462,835	485,500	411,027	428,556	438,398
total assets	1,300,524	1,300,270	1,065,776	1,031,074	872,986	886,337	894,821	855,511	840,388	756,967	769,619	682,898	620,092	631,617
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,250	6,912	12,256	19,904	15,875	11,100	18,887	19,685	56,235	73,743	153,154	132,231	97,144	146,207
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	31,495	68,365	50,181	69,105	23,254	27,559	29,457	26,414	0	0	0	0	0	0
total current liabilities	34,745	75,277	62,437	89,009	39,129	38,659	48,344	46,099	56,235	73,743	153,154	132,231	97,144	146,207
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	34,745	75,277	62,437	89,009	39,129	38,659	48,344	46,099	56,235	73,743	153,154	132,231	97,144	146,207
net assets	1,265,779	1,224,993	1,003,339	942,065	833,857	847,678	846,477	809,412	784,153	683,224	616,465	550,667	522,948	485,410
total shareholders funds	1,265,779	1,224,993	1,003,339	942,065	833,857	847,678	846,477	809,412	784,153	683,224	616,465	550,667	522,948	485,410

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	29,826	269,848	75,366	133,477	-14,228	1,041	45,547	31,112	125,679	84,254	85,280	36,221	50,474	673,910
Depreciation	11,162	6,602	7,753	4,250	2,000	2,000	5,693	4,065	5,117	6,099	2,504	2,522	2,583	2,804
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,595	-51,993	-14,373	-25,382	0	-282	-8,694	-6,315	-25,232	-17,746	-19,654	-8,753	-13,189	-188,732
Stock	75,564	-38,791	-101,195	4,134	16,498	10,387	52,404	31,455	14,100	5,150	-387	-500	810	333,027
Debtors	53,178	-8,282	-35,465	-22,980	27,798	-4,387	-26,723	21,893	48,579	-94,584	110,082	-20,467	-6,608	52,785
Creditors	-3,662	-5,344	-7,648	4,029	4,775	-7,787	-798	-36,550	-17,508	-79,411	20,923	35,087	-49,063	146,207
Accruals and Deferred Income	-36,870	18,184	-18,924	45,851	-4,305	-1,898	3,043	26,414	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-141,881	284,370	178,834	181,071	-56,054	-12,926	19,110	-34,622	25,377	82,630	-20,642	86,044	-3,397	248,377
Investing Activities
capital expenditure	-27,395	0	-15,700	-8,549	0	0	0	0	0	-16,112	-14,752	-82,857	-900	-196,023
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-27,395	0	-15,700	-8,549	0	0	0	0	0	-16,112	-14,752	-82,857	-900	-196,023
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	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	24,555	3,799	281	113	407	442	212	462	482	251	172	251	253	131
cash flow from financing	24,555	3,799	281	113	407	442	212	462	482	251	172	251	253	231
cash and cash equivalents
cash	-145,721	288,169	163,415	172,635	-55,647	-12,484	19,322	-34,160	25,859	66,769	-35,222	3,438	-4,044	52,586
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-145,721	288,169	163,415	172,635	-55,647	-12,484	19,322	-34,160	25,859	66,769	-35,222	3,438	-4,044	52,586

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDLAND FLAT ROOFING (WESTERN) LIMITED group structure

Midland Flat Roofing (Western) Limited has no subsidiary companies.

Ultimate parent company

MIDLAND FLAT ROOFING (WESTERN) LIMITED

02777786

MIDLAND FLAT ROOFING (WESTERN) LIMITED Shareholders

andrew birkett	50%
steven john webb	50%

Midland Flat Roofing (Western) Limited currently has 2 directors. The longest serving directors include Mr Andrew Birkett (Oct 1997) and Mr Steven Webb (Oct 1997).

officer	country	age	start	end	role
Mr Andrew Birkett	England	53 years	Oct 1997	-	Director
Mr Steven Webb		56 years	Oct 1997	-	Director

P&L

April 2023

turnover

3.3m

+197%

operating profit

29.8k

gross margin

26.5%

-8.48%

turnover

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

Balance Sheet

April 2023

net assets

1.3m

+0.03%

total assets

1.3m

cash

504.9k

-0.22%

net assets

Total assets minus all liabilities

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company number

02777786

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

January 1993

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

speed 3210 limited (January 1993)

incorporated

address

199 linden road, gloucester, gloucestershire, GL1 5DU

last accounts submitted

April 2023

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 2 charges/mortgages relating to midland flat roofing (western) limited. Currently there are 0 open charges and 2 have been satisfied in the past.

midland flat roofing (western) limited Company Information

midland flat roofing (western) limited Estimated Valuation

midland flat roofing (western) limited Estimated Valuation

midland flat roofing (western) limited Estimated Valuation

Midland Flat Roofing (western) Limited Overview

Midland Flat Roofing (western) Limited Health Check

MIDLAND FLAT ROOFING (WESTERN) LIMITED financials

midland flat roofing (western) limited Credit Report and Business Information

Midland Flat Roofing (western) Limited Competitor Analysis

midland flat roofing (western) limited Ownership

midland flat roofing (western) limited directors

midland flat roofing (western) limited company details

midland flat roofing (western) limited Charges & Mortgages

midland flat roofing (western) limited Companies House Filings - See Documents