mitiefm services limited
mitiefm services limited Company Information
Company Number
02820560
Next Accounts
Dec 2025
Shareholders
mitie treasury management limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
level 12, the shard, 32 london bridge stre, london, SE1 9SG
Website
-mitiefm services limited Estimated Valuation
Pomanda estimates the enterprise value of MITIEFM SERVICES LIMITED at £18.1m based on a Turnover of £36.1m and 0.5x industry multiple (adjusted for size and gross margin).
mitiefm services limited Estimated Valuation
Pomanda estimates the enterprise value of MITIEFM SERVICES LIMITED at £2.2m based on an EBITDA of £562k and a 3.96x industry multiple (adjusted for size and gross margin).
mitiefm services limited Estimated Valuation
Pomanda estimates the enterprise value of MITIEFM SERVICES LIMITED at £89.8m based on Net Assets of £42.6m and 2.11x industry multiple (adjusted for liquidity).
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Mitiefm Services Limited Overview
Mitiefm Services Limited is a live company located in london, SE1 9SG with a Companies House number of 02820560. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 1993, it's largest shareholder is mitie treasury management limited with a 100% stake. Mitiefm Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £36.1m with high growth in recent years.
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Mitiefm Services Limited Health Check
Pomanda's financial health check has awarded Mitiefm Services Limited a 3 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
4 Strong
0 Regular
7 Weak
Size
annual sales of £36.1m, make it larger than the average company (£20.3m)
£36.1m - Mitiefm Services Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (8.9%)
28% - Mitiefm Services Limited
8.9% - Industry AVG
Production
with a gross margin of 2.3%, this company has a higher cost of product (33.2%)
2.3% - Mitiefm Services Limited
33.2% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (5.8%)
1.3% - Mitiefm Services Limited
5.8% - Industry AVG
Employees
with 12 employees, this is below the industry average (114)
12 - Mitiefm Services Limited
114 - Industry AVG
Pay Structure
on an average salary of £144.2k, the company has a higher pay structure (£48.8k)
£144.2k - Mitiefm Services Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £3m, this is more efficient (£196.5k)
£3m - Mitiefm Services Limited
£196.5k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (44 days)
27 days - Mitiefm Services Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (42 days)
2 days - Mitiefm Services Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mitiefm Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Mitiefm Services Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.8%, this is a higher level of debt than the average (54.7%)
84.8% - Mitiefm Services Limited
54.7% - Industry AVG
MITIEFM SERVICES LIMITED financials
Mitiefm Services Limited's latest turnover from March 2024 is £36.1 million and the company has net assets of £42.6 million. According to their latest financial statements, Mitiefm Services Limited has 12 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 36,094,000 | 37,828,000 | 41,031,000 | 17,271,000 | 52,455,000 | 44,355,000 | 48,092,000 | 50,233,000 | 55,286,000 | 39,965,000 | 34,617,000 | 35,376,000 | 34,141,000 | 27,674,000 | 19,886,000 | 11,836,000 |
| Other Income Or Grants | 3,000 | 14,000 | 21,000 | |||||||||||||
| Cost Of Sales | 35,272,000 | 35,289,000 | 29,694,000 | 16,199,000 | 54,372,000 | 43,990,000 | 48,092,000 | 50,233,000 | 55,286,000 | 39,965,000 | 34,617,000 | 35,376,000 | 34,141,000 | 27,674,000 | 19,885,000 | 11,836,000 |
| Gross Profit | 822,000 | 2,539,000 | 11,340,000 | 1,086,000 | -1,896,000 | 365,000 | 1,000 | |||||||||
| Admin Expenses | 345,000 | 1,035,000 | 11,605,000 | 1,271,000 | 46,333,000 | 69,020,000 | 7,009,000 | 7,922,000 | 3,142,000 | 2,104,000 | 4,299,000 | 3,434,000 | 3,747,000 | 5,190,000 | 12,247,000 | -4,689,000 |
| Operating Profit | 477,000 | 1,504,000 | -265,000 | -185,000 | -48,229,000 | -68,655,000 | -7,009,000 | -7,922,000 | -3,142,000 | -2,104,000 | -4,299,000 | -3,434,000 | -3,747,000 | -5,190,000 | -12,246,000 | 4,689,000 |
| Interest Payable | 6,475,000 | 6,671,000 | 7,582,000 | 2,348,000 | 6,818,000 | 13,359,000 | 12,634,000 | 14,661,000 | 13,092,000 | 13,350,000 | 12,066,000 | 3,018,000 | 1,645,000 | 1,593,000 | 323,000 | 584,000 |
| Interest Receivable | 49,000 | 5,000 | 69,000 | 72,000 | 399,000 | 594,000 | 7,000 | 1,000 | ||||||||
| Pre-Tax Profit | 492,000 | -5,167,000 | -7,847,000 | -2,533,000 | -55,047,000 | -82,014,000 | -19,594,000 | -94,706,000 | 20,835,000 | 20,452,000 | 8,198,000 | 13,620,000 | 15,992,000 | 14,811,000 | 438,000 | 4,106,000 |
| Tax | 8,606,000 | 1,220,000 | 3,216,000 | -63,000 | -2,882,000 | 62,000 | -602,000 | 4,605,000 | 2,409,000 | 2,514,000 | 4,562,000 | 957,000 | 675,000 | 1,353,000 | 3,462,000 | 4,996,000 |
| Profit After Tax | 9,098,000 | -3,947,000 | -4,631,000 | -2,596,000 | -57,929,000 | -81,952,000 | -20,196,000 | -90,101,000 | 23,244,000 | 22,966,000 | 12,760,000 | 14,577,000 | 16,667,000 | 16,164,000 | 3,900,000 | 9,102,000 |
| Dividends Paid | 26,000,000 | 22,000,000 | 15,000,000 | 15,000,000 | 19,500,000 | 10,000,000 | 5,000,000 | 8,500,000 | ||||||||
| Retained Profit | 9,098,000 | -3,947,000 | -4,631,000 | -2,596,000 | -57,929,000 | -81,952,000 | -20,196,000 | -90,101,000 | -2,756,000 | 966,000 | -2,240,000 | -423,000 | -2,833,000 | 6,164,000 | -1,100,000 | 602,000 |
| Employee Costs | 1,730,000 | 1,617,000 | 2,981,000 | 9,296,000 | 28,802,000 | 33,528,000 | 36,826,000 | 42,650,000 | 39,649,000 | 26,727,000 | 29,630,000 | 26,558,000 | 24,614,000 | 20,613,000 | 19,989,000 | 19,134,000 |
| Number Of Employees | 12 | 27 | 73 | 513 | 385 | 519 | 671 | 908 | 702 | 417 | 405 | 358 | 286 | 324 | 318 | 337 |
| EBITDA* | 562,000 | 3,025,000 | -186,000 | 1,486,000 | -43,422,000 | -59,324,000 | -6,346,000 | -7,290,000 | -2,795,000 | -1,319,000 | -2,399,000 | -1,322,000 | -1,218,000 | -2,510,000 | -9,982,000 | 5,952,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Nov 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 | 150,084,000 | 141,738,000 | 145,362,000 | 147,615,000 | 149,380,000 | 16,684,000 | 856,000 | 1,363,000 | 525,000 | 327,000 | 1,641,000 | 2,866,000 | 1,772,000 | 1,281,000 | 1,974,000 | 8,975,000 |
| Intangible Assets | 153,000 | 238,000 | 53,000 | 243,000 | 387,000 | 2,458,000 | 6,628,000 | 494,000 | 3,607,000 | 4,916,000 | 6,227,000 | |||||
| Investments & Other | 136,322,000 | 136,322,000 | 136,373,000 | 136,373,000 | 136,373,000 | 180,917,000 | 243,688,000 | 243,637,000 | 313,659,000 | 315,992,000 | 315,992,000 | 106,352,000 | 106,352,000 | 88,995,000 | 88,995,000 | 88,995,000 |
| Debtors (Due After 1 year) | 13,751,000 | 5,404,000 | 3,812,000 | 3,240,000 | 3,303,000 | 2,888,000 | 2,472,000 | 2,007,000 | ||||||||
| Total Fixed Assets | 150,237,000 | 141,976,000 | 141,964,000 | 144,375,000 | 146,077,000 | 200,542,000 | 247,259,000 | 247,394,000 | 316,642,000 | 322,947,000 | 318,127,000 | 109,218,000 | 111,731,000 | 95,192,000 | 97,196,000 | 97,970,000 |
| Stock & work in progress | 101,000 | |||||||||||||||
| Trade Debtors | 2,757,000 | 2,498,000 | 8,433,000 | 8,221,000 | 10,594,000 | 7,221,000 | 4,933,000 | 1,787,000 | 1,454,000 | 6,986,000 | 126,000 | 8,000 | ||||
| Group Debtors | 125,863,000 | 26,771,000 | 34,848,000 | 25,593,000 | 85,237,000 | 80,673,000 | 53,253,000 | 97,859,000 | 125,465,000 | 75,055,000 | 123,330,000 | 135,860,000 | 92,643,000 | 73,893,000 | 55,891,000 | 84,570,000 |
| Misc Debtors | 149,000 | 60,000 | 2,247,000 | 3,060,000 | 2,022,000 | 4,866,000 | 4,201,000 | 7,384,000 | 3,889,000 | 6,595,000 | 4,306,000 | 2,481,000 | 2,881,000 | 1,863,000 | 1,234,000 | 1,325,000 |
| Cash | 1,010,000 | 1,490,000 | 268,000 | 1,978,000 | 1,549,000 | 17,297,000 | 8,979,000 | 15,384,000 | 1,000 | 2,000 | 293,000 | |||||
| misc current assets | ||||||||||||||||
| total current assets | 130,459,000 | 31,018,000 | 49,280,000 | 39,495,000 | 100,146,000 | 92,760,000 | 79,684,000 | 116,009,000 | 130,808,000 | 104,020,000 | 127,762,000 | 138,349,000 | 95,524,000 | 75,757,000 | 57,127,000 | 86,188,000 |
| total assets | 280,696,000 | 172,994,000 | 191,244,000 | 183,870,000 | 246,223,000 | 293,302,000 | 326,943,000 | 363,403,000 | 447,450,000 | 426,967,000 | 445,889,000 | 247,567,000 | 207,255,000 | 170,949,000 | 154,323,000 | 184,158,000 |
| Bank overdraft | 24,325,000 | 32,307,000 | 44,850,000 | 50,622,000 | 35,769,000 | 31,416,000 | 44,852,000 | |||||||||
| Bank loan | 62,869,000 | |||||||||||||||
| Trade Creditors | 223,000 | 807,000 | 15,000 | 1,214,000 | 471,032,000 | 2,940,000 | 4,350,000 | 9,000 | 26,000 | |||||||
| Group/Directors Accounts | 69,482,000 | 84,242,000 | 96,454,000 | 380,602,000 | 388,835,000 | 380,527,000 | 172,815,000 | 122,414,000 | 105,199,000 | 98,871,000 | 116,127,000 | |||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | 70,000 | 86,000 | 1,933,000 | 3,995,000 | 4,873,000 | 8,090,000 | ||||||||||
| other current liabilities | 237,188,000 | 418,441,000 | 430,441,000 | 412,859,000 | 1,081,000 | 19,941,000 | 23,488,000 | 23,292,000 | 27,598,000 | 20,387,000 | 16,255,000 | 11,031,000 | 15,404,000 | 8,316,000 | 8,440,000 | 6,290,000 |
| total current liabilities | 237,481,000 | 419,334,000 | 432,389,000 | 418,068,000 | 476,986,000 | 163,322,000 | 112,080,000 | 119,746,000 | 432,525,000 | 409,222,000 | 429,089,000 | 228,696,000 | 188,440,000 | 149,284,000 | 138,736,000 | 167,295,000 |
| loans | 182,000 | 320,000 | 526,000 | 4,288,000 | 6,512,000 | 298,492,000 | 309,480,000 | 316,813,000 | ||||||||
| hp & lease commitments | 91,000 | 160,000 | 263,000 | 2,144,000 | 3,256,000 | 8,679,000 | ||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 351,000 | 351,000 | 351,000 | 351,000 | 351,000 | 351,000 | 351,000 | 351,000 | 351,000 | |||||||
| provisions | 988,000 | 1,692,000 | 3,998,000 | 4,306,000 | 3,760,000 | 394,000 | 1,016,000 | 2,281,000 | 261,000 | 325,000 | 346,000 | 177,000 | 49,000 | 66,000 | 152,000 | 328,000 |
| total long term liabilities | 585,000 | 1,006,000 | 2,262,000 | 4,648,000 | 5,487,000 | 307,916,000 | 310,847,000 | 319,445,000 | 612,000 | 676,000 | 697,000 | 528,000 | 49,000 | 66,000 | 152,000 | 328,000 |
| total liabilities | 238,066,000 | 420,340,000 | 434,651,000 | 422,716,000 | 482,473,000 | 471,238,000 | 422,927,000 | 439,191,000 | 433,137,000 | 409,898,000 | 429,786,000 | 229,224,000 | 188,489,000 | 149,350,000 | 138,888,000 | 167,623,000 |
| net assets | 42,630,000 | -247,346,000 | -243,407,000 | -238,846,000 | -236,250,000 | -177,936,000 | -95,984,000 | -75,788,000 | 14,313,000 | 17,069,000 | 16,103,000 | 18,343,000 | 18,766,000 | 21,599,000 | 15,435,000 | 16,535,000 |
| total shareholders funds | 42,630,000 | -247,346,000 | -243,407,000 | -238,846,000 | -236,250,000 | -177,936,000 | -95,984,000 | -75,788,000 | 14,313,000 | 17,069,000 | 16,103,000 | 18,343,000 | 18,766,000 | 21,599,000 | 15,435,000 | 16,535,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Nov 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 | 477,000 | 1,504,000 | -265,000 | -185,000 | -48,229,000 | -68,655,000 | -7,009,000 | -7,922,000 | -3,142,000 | -2,104,000 | -4,299,000 | -3,434,000 | -3,747,000 | -5,190,000 | -12,246,000 | 4,689,000 |
| Depreciation | 85,000 | 1,521,000 | 79,000 | 1,671,000 | 4,786,000 | 9,268,000 | 586,000 | 574,000 | 331,000 | 323,000 | 390,000 | 440,000 | 916,000 | 2,680,000 | 2,264,000 | 1,263,000 |
| Amortisation | 21,000 | 63,000 | 77,000 | 58,000 | 16,000 | 462,000 | 1,510,000 | 1,672,000 | 1,613,000 | |||||||
| Tax | 8,606,000 | 1,220,000 | 3,216,000 | -63,000 | -2,882,000 | 62,000 | -602,000 | 4,605,000 | 2,409,000 | 2,514,000 | 4,562,000 | 957,000 | 675,000 | 1,353,000 | 3,462,000 | 4,996,000 |
| Stock | -101,000 | 101,000 | ||||||||||||||
| Debtors | 107,787,000 | -14,607,000 | 9,226,000 | -61,042,000 | 5,508,000 | 30,789,000 | -44,178,000 | -21,771,000 | 42,172,000 | -39,126,000 | -10,587,000 | 42,825,000 | 19,768,000 | 18,631,000 | -28,770,000 | 85,895,000 |
| Creditors | -584,000 | 792,000 | -1,199,000 | -469,818,000 | 468,092,000 | -1,410,000 | 4,350,000 | -9,000 | -17,000 | 26,000 | ||||||
| Accruals and Deferred Income | -181,253,000 | -12,000,000 | 17,582,000 | 411,778,000 | -18,860,000 | -3,547,000 | 196,000 | -4,306,000 | 7,211,000 | 4,132,000 | 5,224,000 | -4,373,000 | 7,088,000 | -124,000 | 2,150,000 | 6,290,000 |
| Deferred Taxes & Provisions | -704,000 | -2,306,000 | -308,000 | 546,000 | 3,366,000 | -622,000 | -1,265,000 | 2,020,000 | -64,000 | -21,000 | 169,000 | 128,000 | -17,000 | -86,000 | -176,000 | 328,000 |
| Cash flow from operations | -281,160,000 | 5,338,000 | 9,879,000 | 5,072,000 | 400,685,000 | -95,630,000 | 40,511,000 | 16,800,000 | -35,411,000 | 44,432,000 | 18,143,000 | -47,435,000 | -13,240,000 | -20,007,000 | 24,207,000 | -68,303,000 |
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -51,000 | -44,544,000 | -62,771,000 | 51,000 | -70,022,000 | -2,333,000 | 209,640,000 | 17,357,000 | 88,995,000 | |||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | -62,869,000 | 62,869,000 | ||||||||||||||
| Group/Directors Accounts | -69,482,000 | -14,760,000 | -12,212,000 | -284,148,000 | -8,233,000 | 8,308,000 | 207,712,000 | 50,401,000 | 17,215,000 | 6,328,000 | -17,256,000 | 116,127,000 | ||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | -138,000 | -206,000 | -3,762,000 | -2,224,000 | -291,980,000 | -10,988,000 | -7,333,000 | 316,813,000 | ||||||||
| Hire Purchase and Lease Commitments | -85,000 | -1,950,000 | -3,943,000 | -1,990,000 | -8,640,000 | 16,769,000 | ||||||||||
| other long term liabilities | -351,000 | 351,000 | ||||||||||||||
| share issue | ||||||||||||||||
| interest | -6,475,000 | -6,671,000 | -7,582,000 | -2,348,000 | -6,818,000 | -13,359,000 | -12,585,000 | -14,656,000 | -13,023,000 | -13,350,000 | -12,066,000 | -2,946,000 | -1,246,000 | -999,000 | -316,000 | -583,000 |
| cash flow from financing | 274,180,000 | -8,819,000 | -15,568,000 | -6,562,000 | -440,174,000 | 40,531,000 | -32,130,000 | 18,009,000 | -21,256,000 | -5,042,000 | 195,646,000 | 47,806,000 | 15,969,000 | 5,329,000 | -17,572,000 | 131,477,000 |
| cash and cash equivalents | ||||||||||||||||
| cash | -480,000 | 1,222,000 | -1,710,000 | 429,000 | 1,549,000 | -17,297,000 | 8,318,000 | 8,979,000 | -15,384,000 | 15,384,000 | -1,000 | -1,000 | -291,000 | 293,000 | ||
| overdraft | -24,325,000 | 24,325,000 | -32,307,000 | -12,543,000 | -5,772,000 | 14,853,000 | 4,353,000 | -13,436,000 | 44,852,000 | |||||||
| change in cash | -480,000 | 1,222,000 | -1,710,000 | 429,000 | 1,549,000 | -17,297,000 | 8,318,000 | 33,304,000 | -39,709,000 | 47,691,000 | 12,543,000 | 5,772,000 | -14,854,000 | -4,354,000 | 13,145,000 | -44,559,000 |
mitiefm services limited Credit Report and Business Information
Mitiefm Services Limited Competitor Analysis
Perform a competitor analysis for mitiefm services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
mitiefm services limited Ownership
MITIEFM SERVICES LIMITED group structure
Mitiefm Services Limited has 1 subsidiary company.
Ultimate parent company
2 parents
MITIEFM SERVICES LIMITED
02820560
1 subsidiary
mitiefm services limited directors
Mitiefm Services Limited currently has 3 directors. The longest serving directors include Mr Peter Dickinson (Nov 2020) and Miss Katherine Woods (Nov 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Dickinson | England | 63 years | Nov 2020 | - | Director |
| Miss Katherine Woods | England | 41 years | Nov 2024 | - | Director |
| Ms Katherine Heseltine Brown | England | 43 years | Nov 2024 | - | Director |
P&L
March 2024turnover
36.1m
-5%
operating profit
477k
-68%
gross margin
2.3%
-66.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
42.6m
-1.17%
total assets
280.7m
+0.62%
cash
1m
-0.32%
net assets
Total assets minus all liabilities
mitiefm services limited company details
company number
02820560
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 1993
age
32
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
interservefm ltd (December 2020)
building and property group limited (May 2001)
See moreaccountant
-
auditor
-
address
level 12, the shard, 32 london bridge stre, london, SE1 9SG
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
mitiefm services 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 9 charges/mortgages relating to mitiefm services limited. Currently there are 0 open charges and 9 have been satisfied in the past.
mitiefm services 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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mitiefm services limited Companies House Filings - See Documents
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