mirencliff limited
mirencliff limited Company Information
Group Structure
View All
Industry
Licensed restaurants
Registered Address
lakeview house, 4 woodbrook crescent, billericay, essex, CM12 0EQ
Website
-mirencliff limited Estimated Valuation
Pomanda estimates the enterprise value of MIRENCLIFF LIMITED at £1.8m based on a Turnover of £2.5m and 0.7x industry multiple (adjusted for size and gross margin).
mirencliff limited Estimated Valuation
Pomanda estimates the enterprise value of MIRENCLIFF LIMITED at £297.5k based on an EBITDA of £65.6k and a 4.54x industry multiple (adjusted for size and gross margin).
mirencliff limited Estimated Valuation
Pomanda estimates the enterprise value of MIRENCLIFF LIMITED at £1m based on Net Assets of £409.2k and 2.5x industry multiple (adjusted for liquidity).
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Mirencliff Limited Overview
Mirencliff Limited is a live company located in billericay, CM12 0EQ with a Companies House number of 02809188. It operates in the licenced restaurants sector, SIC Code 56101. Founded in April 1993, it's largest shareholder is leigh restaurants ltd with a 100% stake. Mirencliff Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with healthy growth in recent years.
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Mirencliff Limited Health Check
Pomanda's financial health check has awarded Mirencliff Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £2.5m, make it in line with the average company (£2.2m)
- Mirencliff Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.8%)
- Mirencliff Limited
7.8% - Industry AVG
Production
with a gross margin of 58.4%, this company has a comparable cost of product (58.4%)
- Mirencliff Limited
58.4% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (2.5%)
- Mirencliff Limited
2.5% - Industry AVG
Employees
with 62 employees, this is above the industry average (46)
62 - Mirencliff Limited
46 - Industry AVG
Pay Structure
on an average salary of £19.7k, the company has an equivalent pay structure (£19.7k)
- Mirencliff Limited
£19.7k - Industry AVG
Efficiency
resulting in sales per employee of £40.3k, this is less efficient (£54.3k)
- Mirencliff Limited
£54.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mirencliff Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (48 days)
- Mirencliff Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (11 days)
- Mirencliff Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (12 weeks)
8 weeks - Mirencliff Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.5%, this is a lower level of debt than the average (83.3%)
74.5% - Mirencliff Limited
83.3% - Industry AVG
MIRENCLIFF LIMITED financials
Mirencliff Limited's latest turnover from November 2023 is estimated at £2.5 million and the company has net assets of £409.2 thousand. According to their latest financial statements, Mirencliff Limited has 62 employees and maintains cash reserves of £76.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 62 | 63 | 61 | 56 | 59 | 73 | 73 | 42 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,089,550 | 1,120,286 | 1,151,649 | 1,191,575 | 1,225,602 | 1,227,044 | 1,259,123 | 1,289,744 | 1,323,319 | 1,264,402 | 1,293,188 | 1,324,043 | 1,348,192 | 1,376,306 | 1,415,983 |
| Intangible Assets | 64,090 | 69,020 | 73,950 | 78,880 | 83,810 | 98,600 | |||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 780 | 17,212 | |||||||||||||
| Total Fixed Assets | 1,089,550 | 1,120,286 | 1,151,649 | 1,191,575 | 1,225,602 | 1,227,044 | 1,259,123 | 1,289,744 | 1,323,319 | 1,328,492 | 1,362,208 | 1,397,993 | 1,427,072 | 1,460,896 | 1,531,795 |
| Stock & work in progress | 12,000 | 12,000 | 12,000 | 12,000 | 29,250 | 32,550 | 34,734 | 28,247 | 27,677 | 27,610 | 30,242 | 32,384 | 25,347 | 30,860 | 24,369 |
| Trade Debtors | |||||||||||||||
| Group Debtors | 422,094 | 333,882 | 236,935 | 203,803 | 174,605 | 117,884 | 30,882 | ||||||||
| Misc Debtors | 2,895 | 2,895 | 31,713 | 1,141 | 3,532 | 2,029 | 58,886 | ||||||||
| Cash | 76,937 | 33,156 | 163,941 | 458 | 10,232 | 8,854 | 2,861 | 12,880 | 1,505 | 3,743 | 2,708 | 1,868 | 1,868 | 3,385 | 224 |
| misc current assets | 500,777 | ||||||||||||||
| total current assets | 513,926 | 381,933 | 412,876 | 247,974 | 214,087 | 160,429 | 72,009 | 43,156 | 29,182 | 31,353 | 91,836 | 34,252 | 27,215 | 34,245 | 525,370 |
| total assets | 1,603,476 | 1,502,219 | 1,564,525 | 1,439,549 | 1,439,689 | 1,387,473 | 1,331,132 | 1,332,900 | 1,352,501 | 1,359,845 | 1,454,044 | 1,432,245 | 1,454,287 | 1,495,141 | 2,057,165 |
| Bank overdraft | 10,000 | 10,000 | 10,000 | 54,701 | 22,871 | 35,357 | 26,271 | 7,194 | |||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 97,885 | 99,964 | 113,036 | 59,829 | 109,300 | 63,823 | 87,144 | 84,877 | 772,189 | 690,559 | 644,797 | 606,310 | 447,167 | 328,112 | |
| Group/Directors Accounts | 53,082 | 70 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 384,729 | 984,842 | 1,017,171 | 936,623 | 915,117 | 869,575 | 762,934 | 656,387 | |||||||
| total current liabilities | 492,614 | 1,094,806 | 1,140,207 | 1,051,153 | 1,047,288 | 968,755 | 876,349 | 801,540 | 772,189 | 690,629 | 644,797 | 606,310 | 447,167 | 328,112 | |
| loans | 15,000 | 23,992 | 35,000 | 45,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 686,634 | 45,077 | 126,155 | 207,624 | 288,180 | 444,351 | 676,158 | 1,541,588 | |||||||
| provisions | |||||||||||||||
| total long term liabilities | 701,634 | 23,992 | 35,000 | 45,000 | 45,077 | 126,155 | 207,624 | 288,180 | 444,351 | 676,158 | 1,541,588 | ||||
| total liabilities | 1,194,248 | 1,118,798 | 1,175,207 | 1,096,153 | 1,047,288 | 968,755 | 876,349 | 801,540 | 817,266 | 816,784 | 852,421 | 894,490 | 891,518 | 1,004,270 | 1,541,588 |
| net assets | 409,228 | 383,421 | 389,318 | 343,396 | 392,401 | 418,718 | 454,783 | 531,360 | 535,235 | 543,061 | 601,623 | 537,755 | 562,769 | 490,871 | 515,577 |
| total shareholders funds | 409,228 | 383,421 | 389,318 | 343,396 | 392,401 | 418,718 | 454,783 | 531,360 | 535,235 | 543,061 | 601,623 | 537,755 | 562,769 | 490,871 | 515,577 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 30,736 | 31,363 | 39,926 | 39,027 | 42,721 | 32,079 | 32,079 | 33,575 | 11,932 | 28,786 | 31,755 | 31,530 | 28,726 | 39,677 | 4,547 |
| Amortisation | 4,930 | 4,930 | 4,930 | 4,930 | 14,790 | ||||||||||
| Tax | |||||||||||||||
| Stock | -17,250 | -3,300 | -2,184 | 6,487 | 570 | 67 | -2,632 | -2,142 | 7,037 | -5,513 | 6,491 | 24,369 | |||
| Debtors | 88,212 | 99,842 | 1,419 | 60,911 | 55,580 | 84,611 | 32,385 | 2,029 | -58,886 | 58,886 | -780 | -16,432 | 17,212 | ||
| Creditors | -2,079 | -13,072 | 53,207 | -49,471 | 45,477 | -23,321 | 2,267 | -687,312 | 81,630 | 45,762 | 38,487 | 159,143 | 119,055 | 328,112 | |
| Accruals and Deferred Income | -600,113 | -32,329 | 80,548 | 21,506 | 45,542 | 106,641 | 106,547 | 656,387 | |||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -53,082 | 53,082 | -70 | 70 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -8,992 | -11,008 | -10,000 | 45,000 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 686,634 | -45,077 | -81,078 | -81,469 | -80,556 | -156,171 | -231,807 | -865,430 | 1,541,588 | ||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 43,781 | -130,785 | 163,483 | -9,774 | 1,378 | 5,993 | -10,019 | 11,375 | -2,238 | 1,035 | 840 | -1,517 | 3,161 | 224 | |
| overdraft | -44,701 | 31,830 | -12,486 | 9,086 | 19,077 | 7,194 | |||||||||
| change in cash | 43,781 | -130,785 | 208,184 | -41,604 | 13,864 | -3,093 | -29,096 | 4,181 | -2,238 | 1,035 | 840 | -1,517 | 3,161 | 224 |
mirencliff limited Credit Report and Business Information
Mirencliff Limited Competitor Analysis
Perform a competitor analysis for mirencliff limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in CM12 area or any other competitors across 12 key performance metrics.
mirencliff limited Ownership
MIRENCLIFF LIMITED group structure
Mirencliff Limited has no subsidiary companies.
mirencliff limited directors
Mirencliff Limited currently has 1 director, Mr John Cross serving since Dec 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Cross | England | 84 years | Dec 2007 | - | Director |
P&L
November 2023turnover
2.5m
+11%
operating profit
34.8k
0%
gross margin
58.4%
+2.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
409.2k
+0.07%
total assets
1.6m
+0.07%
cash
76.9k
+1.32%
net assets
Total assets minus all liabilities
mirencliff limited company details
company number
02809188
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
April 1993
age
32
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2023
previous names
N/A
accountant
MUDD PARTNERS LLP
auditor
-
address
lakeview house, 4 woodbrook crescent, billericay, essex, CM12 0EQ
Bank
-
Legal Advisor
-
mirencliff 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 2 charges/mortgages relating to mirencliff limited. Currently there are 2 open charges and 0 have been satisfied in the past.
mirencliff 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 MIRENCLIFF LIMITED. This can take several minutes, an email will notify you when this has completed.
mirencliff limited Companies House Filings - See Documents
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