m.l.w. bell racing limited

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m.l.w. bell racing limited Company Information

Share M.L.W. BELL RACING LIMITED

Company Number

02813098

Directors

Michael Bell

Shareholders

m.l.w. bell

Group Structure

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Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

Registered Address

fitzroy house, black bear lane, newmarket, suffolk, CB8 0JT

m.l.w. bell racing limited Estimated Valuation

£952.3k

Pomanda estimates the enterprise value of M.L.W. BELL RACING LIMITED at £952.3k based on a Turnover of £2m and 0.49x industry multiple (adjusted for size and gross margin).

m.l.w. bell racing limited Estimated Valuation

£0

Pomanda estimates the enterprise value of M.L.W. BELL RACING LIMITED at £0 based on an EBITDA of £-144.9k and a 3.49x industry multiple (adjusted for size and gross margin).

m.l.w. bell racing limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of M.L.W. BELL RACING LIMITED at £1.8m based on Net Assets of £768.2k and 2.3x industry multiple (adjusted for liquidity).

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M.l.w. Bell Racing Limited Overview

M.l.w. Bell Racing Limited is a live company located in newmarket, CB8 0JT with a Companies House number of 02813098. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in April 1993, it's largest shareholder is m.l.w. bell with a 100% stake. M.l.w. Bell Racing Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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M.l.w. Bell Racing Limited Health Check

Pomanda's financial health check has awarded M.L.W. Bell Racing Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £2m, make it smaller than the average company (£2.9m)

£2m - M.l.w. Bell Racing Limited

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (7.2%)

-3% - M.l.w. Bell Racing Limited

7.2% - Industry AVG

production

Production

with a gross margin of 24.1%, this company has a higher cost of product (45%)

24.1% - M.l.w. Bell Racing Limited

45% - Industry AVG

profitability

Profitability

an operating margin of -8.6% make it less profitable than the average company (5.6%)

-8.6% - M.l.w. Bell Racing Limited

5.6% - Industry AVG

employees

Employees

with 42 employees, this is above the industry average (23)

42 - M.l.w. Bell Racing Limited

23 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.5k, the company has an equivalent pay structure (£53.5k)

£53.5k - M.l.w. Bell Racing Limited

£53.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £46.7k, this is less efficient (£126.3k)

£46.7k - M.l.w. Bell Racing Limited

£126.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 95 days, this is later than average (56 days)

95 days - M.l.w. Bell Racing Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 73 days, this is slower than average (31 days)

73 days - M.l.w. Bell Racing Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 45 days, this is more than average (30 days)

45 days - M.l.w. Bell Racing Limited

30 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (25 weeks)

38 weeks - M.l.w. Bell Racing Limited

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.9%, this is a lower level of debt than the average (53.2%)

29.9% - M.l.w. Bell Racing Limited

53.2% - Industry AVG

M.L.W. BELL RACING LIMITED financials

EXPORTms excel logo

M.L.W. Bell Racing Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of £768.2 thousand. According to their latest financial statements, M.L.W. Bell Racing Limited has 42 employees and maintains cash reserves of £242 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,961,7932,125,2211,894,0922,129,8142,019,0634,781,2293,958,5492,031,2251,963,3051,524,4641,968,9932,879,5211,303,2112,275,1562,224,938
Other Income Or Grants
Cost Of Sales1,488,2001,624,4961,473,9721,626,8411,529,8403,624,5682,982,2391,703,0821,481,0931,141,0891,470,4732,112,275952,9051,757,5521,634,200
Gross Profit473,594500,725420,120502,972489,2231,156,660976,309328,143482,212383,374498,520767,245350,307517,604590,738
Admin Expenses642,795440,801426,445597,021604,972942,919969,80212,32267,051326,484510,980612,778247,456298,348331,379
Operating Profit-169,20159,924-6,325-94,049-115,749213,7416,507315,821415,16156,890-12,460154,467102,851219,256259,359
Interest Payable
Interest Receivable13,90410,4347272552,5432,7801,8161,9069821,6462,53010,075878
Pre-Tax Profit-155,29770,358-5,598-93,794-113,206216,5218,32312,32267,05158,796-11,478156,113105,381209,181260,237
Tax-13,368-41,139-1,581-9,027-21,572-12,347-37,467-27,399-50,496-49,963
Profit After Tax-155,29756,990-5,598-93,794-113,206175,3826,7423,29545,47946,449-11,478118,64677,982158,685210,274
Dividends Paid125,00080,000
Retained Profit-155,29756,990-5,598-93,794-113,206175,3826,7423,29545,47946,449-11,478118,64677,98233,685130,274
Employee Costs2,248,4541,628,3221,511,4071,663,5591,525,0471,478,694849,367438,773443,118348,639425,220612,321282,420510,302
Number Of Employees42323135323219101081015713
EBITDA*-144,92184,80424,075-72,749-91,349240,71225,457375,454415,16156,890-12,460154,467102,851234,056275,539

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets156,100180,380179,500209,900228,400252,800184,050108,000122,700143,630106,000111,380109,95097,000107,900
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets156,100180,380179,500209,900228,400252,800184,050108,000122,700143,630106,000111,380109,95097,000107,900
Stock & work in progress186,500222,500151,500134,50094,500183,000187,250289,500242,500186,500151,000140,000131,000157,570171,000
Trade Debtors511,855697,877618,249656,381665,9801,859,2121,279,296500,534393,060474,386619,280890,577367,019368,292231,886
Group Debtors
Misc Debtors18,010
Cash242,012287,666308,562272,989236,649441,492299,774426,693518,466452,799309,58083,202575,285436,845466,147
misc current assets
total current assets940,3671,208,0431,078,3111,063,870997,1292,483,7041,766,3201,216,7271,154,0261,113,6851,079,8601,113,7791,073,304962,707887,043
total assets1,096,4671,388,4231,257,8111,273,7701,225,5292,736,5041,950,3701,324,7271,276,7261,257,3151,185,8601,225,1591,183,2541,059,707994,943
Bank overdraft
Bank loan
Trade Creditors 298,041464,888391,266401,627259,5921,657,3611,046,609347,972250,405199,070174,064201,885278,626104,80563,057
Group/Directors Accounts8,67820,64913,000
other short term finances
hp & lease commitments
other current liabilities21,51059,08772,597128,256125,925
total current liabilities328,229464,888391,266401,627259,5921,657,3611,046,609427,708323,002199,070174,064201,885278,626233,061201,982
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities328,229464,888391,266401,627259,5921,657,3611,046,609427,708323,002199,070174,064201,885278,626233,061201,982
net assets768,238923,535866,545872,143965,9371,079,143903,761897,019953,7241,058,2451,011,7961,023,274904,628826,646792,961
total shareholders funds768,238923,535866,545872,143965,9371,079,143903,761897,019953,7241,058,2451,011,7961,023,274904,628826,646792,961
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-169,20159,924-6,325-94,049-115,749213,7416,507315,821415,16156,890-12,460154,467102,851219,256259,359
Depreciation24,28024,88030,40021,30024,40026,97118,95059,63314,80016,180
Amortisation
Tax-13,368-41,139-1,581-9,027-21,572-12,347-37,467-27,399-50,496-49,963
Stock-36,00071,00017,00040,000-88,500-4,250-102,25047,00056,00035,50011,0009,000-26,570-13,430171,000
Debtors-186,02279,628-38,132-9,599-1,193,232579,916778,762107,474-81,326-144,894-271,297523,558-1,273118,396249,896
Creditors-166,84773,622-10,361142,035-1,397,769610,752698,63797,56751,33525,006-27,821-76,741173,82141,74863,057
Accruals and Deferred Income21,510-59,087-13,51072,597-128,2562,331125,925
Deferred Taxes & Provisions
Cash flow from operations-68,236-5,57034,84638,885-207,386234,659-13,086296,010542,847178,943220,016-492,299148,860122,673-6,338
Investing Activities
capital expenditure-25,760-2,800-95,721-95,000-44,93320,930-37,6305,380-1,430-12,950-3,900-124,080
Change in Investments
cash flow from investments-25,760-2,800-95,721-95,000-44,93320,930-37,6305,380-1,430-12,950-3,900-124,080
Financing Activities
Bank loans
Group/Directors Accounts8,678-20,64920,649-13,00013,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-60,000-150,000662,687
interest13,90410,4347272552,5432,7801,8161,9069821,6462,53010,075878
cash flow from financing22,58210,4347272552,5432,780-18,833-39,351-150,0001,9069821,6462,530-2,925676,565
cash and cash equivalents
cash-45,654-20,89635,57336,340-204,843141,718-126,919-91,77365,667143,219226,378-492,083138,440-29,302466,147
overdraft
change in cash-45,654-20,89635,57336,340-204,843141,718-126,919-91,77365,667143,219226,378-492,083138,440-29,302466,147

m.l.w. bell racing limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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M.l.w. Bell Racing Limited Competitor Analysis

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Perform a competitor analysis for m.l.w. bell racing limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CB8 area or any other competitors across 12 key performance metrics.

m.l.w. bell racing limited Ownership

M.L.W. BELL RACING LIMITED group structure

M.L.W. Bell Racing Limited has no subsidiary companies.

Ultimate parent company

M.L.W. BELL RACING LIMITED

02813098

M.L.W. BELL RACING LIMITED Shareholders

m.l.w. bell 100%

m.l.w. bell racing limited directors

M.L.W. Bell Racing Limited currently has 1 director, Mr Michael Bell serving since Apr 1993.

officercountryagestartendrole
Mr Michael Bell64 years Apr 1993- Director

P&L

December 2023

turnover

2m

-8%

operating profit

-169.2k

0%

gross margin

24.2%

+2.46%

turnover

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

Balance Sheet

December 2023

net assets

768.2k

-0.17%

total assets

1.1m

-0.21%

cash

242k

-0.16%

net assets

Total assets minus all liabilities

m.l.w. bell racing limited company details

company number

02813098

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

April 1993

age

32

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

fitzroy house, black bear lane, newmarket, suffolk, CB8 0JT

Bank

-

Legal Advisor

-

m.l.w. bell racing 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 m.l.w. bell racing limited.

m.l.w. bell racing 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.

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m.l.w. bell racing limited Companies House Filings - See Documents

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