midland polishing & plating co limitedEstimated Valuation
£3.9m
Pomanda estimates the enterprise value of MIDLAND POLISHING & PLATING CO LIMITED at £3.9m based on a Turnover of £6.4m and 0.61x industry multiple (adjusted for size and gross margin).
midland polishing & plating co limitedEstimated Valuation
£5.1m
Pomanda estimates the enterprise value of MIDLAND POLISHING & PLATING CO LIMITED at £5.1m based on an EBITDA of £1.1m and a 4.53x industry multiple (adjusted for size and gross margin).
midland polishing & plating co limitedEstimated Valuation
£8.2m
Pomanda estimates the enterprise value of MIDLAND POLISHING & PLATING CO LIMITED at £8.2m based on Net Assets of £3.7m and 2.21x industry multiple (adjusted for liquidity).
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Midland Polishing & Plating Co LimitedOverview
Midland Polishing & Plating Co Limited is a live company located in wolverhampton, WV2 4QT with a Companies House number of 02890417. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in January 1994, it's largest shareholder is
jagir singh dudrah
with a 75% stake. Midland Polishing & Plating Co Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£6.4m with
declining
growth in recent years.
Midland Polishing & Plating Co Limited Health Check
Pomanda's financial health check has awarded Midland Polishing & Plating Co Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
3 Regular
5 Weak
Size
annual sales of £6.4m, make it smaller than the average company (£11.2m)
£6.4m - Midland Polishing & Plating Co Limited
£11.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (2.6%)
-1% - Midland Polishing & Plating Co Limited
2.6% - Industry AVG
Production
with a gross margin of 30.7%, this company has a comparable cost of product (30.7%)
30.7% - Midland Polishing & Plating Co Limited
30.7% - Industry AVG
Profitability
an operating margin of 17.5% make it more profitable than the average company (6.3%)
17.5% - Midland Polishing & Plating Co Limited
6.3% - Industry AVG
Employees
with 50 employees, this is below the industry average (63)
50 - Midland Polishing & Plating Co Limited
63 - Industry AVG
Pay Structure
on an average salary of £49.2k, the company has an equivalent pay structure (£49.2k)
£49.2k - Midland Polishing & Plating Co Limited
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £127.4k, this is less efficient (£176.4k)
£127.4k - Midland Polishing & Plating Co Limited
£176.4k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is near the average (61 days)
70 days - Midland Polishing & Plating Co Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (45 days)
19 days - Midland Polishing & Plating Co Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Midland Polishing & Plating Co Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 93 weeks, this is more cash available to meet short term requirements (13 weeks)
93 weeks - Midland Polishing & Plating Co Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9%, this is a lower level of debt than the average (48.4%)
9% - Midland Polishing & Plating Co Limited
48.4% - Industry AVG
MIDLAND POLISHING & PLATING CO LIMITED financials
EXPORT
Midland Polishing & Plating Co Limited's latest turnover from May 2023 is estimated at £6.4 million and the company has net assets of £3.7 million. According to their latest financial statements, Midland Polishing & Plating Co Limited has 50 employees and maintains cash reserves of £660.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Turnover
6,371,689
5,905,153
5,574,686
6,489,253
7,475,590
8,132,748
7,609,170
8,329,599
4,410,502
4,055,577
3,616,789
3,842,673
2,814,725
2,052,136
Other Income Or Grants
Cost Of Sales
4,414,259
4,026,133
3,937,675
4,545,153
5,157,601
5,590,850
5,054,513
5,621,776
3,005,577
2,729,068
2,426,689
2,576,444
1,878,839
1,345,841
Gross Profit
1,957,430
1,879,020
1,637,011
1,944,100
2,317,988
2,541,898
2,554,657
2,707,823
1,404,925
1,326,509
1,190,100
1,266,230
935,886
706,295
Admin Expenses
839,433
2,119,764
1,629,747
1,762,632
2,143,188
2,400,976
2,360,904
2,467,888
1,269,604
1,594,630
903,504
873,675
582,515
791,376
-2,438,651
Operating Profit
1,117,997
-240,744
7,264
181,468
174,800
140,922
193,753
239,935
135,321
-268,121
286,596
392,555
353,371
-85,081
2,438,651
Interest Payable
73
204
147
189
361
361
202
Interest Receivable
22,006
5,447
202
445
5,421
5,964
2,103
1,767
1,876
1,800
3,291
2,445
1,145
1,240
839
Pre-Tax Profit
1,140,003
-235,369
7,262
181,765
180,032
146,525
195,494
241,500
137,198
-266,321
289,887
395,000
354,516
-83,841
2,439,490
Tax
-285,001
-1,380
-34,535
-34,206
-27,840
-37,144
-48,300
-27,439
-66,674
-94,800
-92,174
-683,057
Profit After Tax
855,002
-235,369
5,882
147,230
145,826
118,685
158,350
193,200
109,758
-266,321
223,213
300,200
262,342
-83,841
1,756,433
Dividends Paid
Retained Profit
855,002
-235,369
5,882
147,230
145,826
118,685
158,350
193,200
109,758
-266,321
223,213
300,200
262,342
-83,841
1,756,433
Employee Costs
2,461,518
2,722,318
2,523,111
3,061,237
3,540,000
4,278,507
4,286,030
4,067,096
1,145,926
1,012,872
867,703
912,996
732,982
569,716
Number Of Employees
50
58
56
68
80
97
103
100
28
25
22
24
20
16
EBITDA*
1,117,997
-26,596
62,186
247,396
245,277
202,267
270,567
329,195
231,458
-205,740
346,673
462,175
418,252
-25,557
2,510,645
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Tangible Assets
923,764
1,137,912
1,192,834
1,246,012
1,211,145
1,193,363
1,270,176
1,340,713
1,396,200
1,205,719
1,099,641
1,131,646
1,184,018
1,208,407
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
923,764
1,137,912
1,192,834
1,246,012
1,211,145
1,193,363
1,270,176
1,340,713
1,396,200
1,205,719
1,099,641
1,131,646
1,184,018
1,208,407
Stock & work in progress
185,097
185,097
142,913
41,437
41,437
42,605
43,491
49,144
53,006
55,609
53,708
58,679
82,836
84,310
Trade Debtors
1,237,634
1,458,250
1,411,006
1,420,816
1,579,310
1,586,108
1,345,861
1,626,273
1,109,562
1,243,744
923,551
1,054,560
872,764
585,142
431,450
Group Debtors
10,000
10,000
Misc Debtors
2,180,000
449,242
467,546
599,666
23,870
39,371
38,031
45,706
Cash
660,789
317,256
305,310
98,647
790,806
654,719
935,579
746,510
666,829
83,743
636,156
680,329
297,699
160,328
335,743
misc current assets
total current assets
4,078,423
2,409,845
2,368,959
2,262,042
2,435,423
2,331,635
2,372,076
2,461,980
1,825,535
1,380,493
1,615,316
1,788,597
1,229,142
828,306
851,503
total assets
4,078,423
3,333,609
3,506,871
3,454,876
3,681,435
3,542,780
3,565,439
3,732,156
3,166,248
2,776,693
2,821,035
2,888,238
2,360,788
2,012,324
2,059,910
Bank overdraft
1,876
4,821
5,601
5,100
6,463
Bank loan
Trade Creditors
234,282
285,869
210,763
216,819
399,781
403,831
389,588
701,029
824,225
544,428
722,449
612,865
385,615
299,493
263,238
Group/Directors Accounts
20,000
20,000
20,000
other short term finances
hp & lease commitments
other current liabilities
133,551
163,070
166,625
101,962
281,702
301,090
457,178
469,441
total current liabilities
367,833
448,939
379,264
323,602
681,483
730,522
871,866
1,196,933
824,225
544,428
722,449
612,865
385,615
299,493
263,238
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
29,082
36,650
46,199
62,107
20,239
20,239
20,239
20,239
20,239
20,239
20,239
20,239
20,239
20,239
total long term liabilities
29,082
36,650
46,199
62,107
20,239
20,239
20,239
20,239
20,239
20,239
20,239
20,239
20,239
20,239
total liabilities
367,833
478,021
415,914
369,801
743,590
750,761
892,105
1,217,172
844,464
564,667
742,688
633,104
405,854
319,732
283,477
net assets
3,710,590
2,855,588
3,090,957
3,085,075
2,937,845
2,792,019
2,673,334
2,514,984
2,321,784
2,212,026
2,078,347
2,255,134
1,954,934
1,692,592
1,776,433
total shareholders funds
3,710,590
2,855,588
3,090,957
3,085,075
2,937,845
2,792,019
2,673,334
2,514,984
2,321,784
2,212,026
2,078,347
2,255,134
1,954,934
1,692,592
1,776,433
May 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Operating Activities
Operating Profit
1,117,997
-240,744
7,264
181,468
174,800
140,922
193,753
239,935
135,321
-268,121
286,596
392,555
353,371
-85,081
2,438,651
Depreciation
214,148
54,922
65,928
70,477
61,345
76,814
89,260
96,137
62,381
60,077
69,620
64,881
59,524
71,994
Amortisation
Tax
-285,001
-1,380
-34,535
-34,206
-27,840
-37,144
-48,300
-27,439
-66,674
-94,800
-92,174
-683,057
Stock
-185,097
42,184
101,476
-1,168
-886
-5,653
-3,862
-2,603
1,901
-4,971
-24,157
-1,474
84,310
Debtors
1,510,142
28,940
-141,930
417,302
-32,299
241,587
-278,087
562,417
-134,182
320,193
-131,009
181,796
287,622
153,692
431,450
Creditors
-51,587
75,106
-6,056
-182,962
-4,050
14,243
-311,441
-123,196
279,797
-178,021
109,584
227,250
86,122
36,255
263,238
Accruals and Deferred Income
-29,519
-3,555
64,663
-179,740
-19,388
-156,088
-12,263
469,441
Deferred Taxes & Provisions
-29,082
-7,568
-9,549
-15,908
41,868
20,239
Cash flow from operations
-602,237
8,447
209,610
-684,527
261,800
-207,837
188,692
70,376
621,860
-701,351
518,691
417,800
148,735
-141,520
1,595,305
Investing Activities
capital expenditure
923,764
-12,750
-105,344
-79,127
-1
-18,723
-40,650
-252,862
-166,155
-37,615
-12,509
-35,135
-1,280,401
Change in Investments
cash flow from investments
923,764
-12,750
-105,344
-79,127
-1
-18,723
-40,650
-252,862
-166,155
-37,615
-12,509
-35,135
-1,280,401
Financing Activities
Bank loans
Group/Directors Accounts
-20,000
20,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
400,000
-400,000
20,000
interest
22,006
5,374
-2
298
5,232
5,603
1,742
1,565
1,876
1,800
3,291
2,445
1,145
1,240
839
cash flow from financing
22,006
5,374
-2
298
-14,768
5,603
1,742
21,565
1,876
401,800
-396,709
2,445
1,145
1,240
20,839
cash and cash equivalents
cash
343,533
11,946
206,663
-692,159
136,087
-280,860
189,069
79,681
583,086
-552,413
-44,173
382,630
137,371
-175,415
335,743
overdraft
-1,876
-2,945
4,821
-5,601
501
-1,363
6,463
change in cash
343,533
13,822
209,608
-696,980
141,688
-281,361
190,432
73,218
583,086
-552,413
-44,173
382,630
137,371
-175,415
335,743
midland polishing & plating co limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for midland polishing & plating co limited. Get real-time insights into midland polishing & plating co limited's credit score, group structure and payment trends.
Midland Polishing & Plating Co Limited Competitor Analysis
Perform a competitor analysis for midland polishing & plating co limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WV2 area or any other competitors across 12 key performance metrics.
midland polishing & plating co limited Ownership
MIDLAND POLISHING & PLATING CO LIMITED group structure
Midland Polishing & Plating Co Limited has 1 subsidiary company.
MIDLAND POLISHING & PLATING CO LIMITED Shareholders
The largest shareholders in Midland Polishing & Plating Co Limited include Jagir Singh Dudrah and Harbans Kaur Dudrah.
jagir singh dudrah
75%
harbans kaur dudrah
25%
midland polishing & plating co limited directors
Midland Polishing & Plating Co Limited currently has 3 directors.
The longest serving directors include
Harbans Dudrah (Jan 1994) and
Jagir Dudrah (Jan 1994).
unit 1 moorfield road, moorfield road, wolverhampton, west midlands, WV2 4QT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
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midland polishing & plating co 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 midland polishing & plating co limited. Currently there are 2 open charges and 0 have been satisfied in the past.
midland polishing & plating co 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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midland polishing & plating co limitedCompanies House Filings - See Documents
