mitie security (knightsbridge) limited
mitie security (knightsbridge) limited Company Information
Company Number
02923588
Next Accounts
73 days late
Shareholders
mitie fs (uk) limited
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
level 12, the shard, 32 london bridge stre, london, SE1 9SG
mitie security (knightsbridge) limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE SECURITY (KNIGHTSBRIDGE) LIMITED at £1.1m based on a Turnover of £1.9m and 0.58x industry multiple (adjusted for size and gross margin).
mitie security (knightsbridge) limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE SECURITY (KNIGHTSBRIDGE) LIMITED at £1.5m based on an EBITDA of £407k and a 3.79x industry multiple (adjusted for size and gross margin).
mitie security (knightsbridge) limited Estimated Valuation
Pomanda estimates the enterprise value of MITIE SECURITY (KNIGHTSBRIDGE) LIMITED at £3.6m based on Net Assets of £1.8m and 1.96x industry multiple (adjusted for liquidity).
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Mitie Security (knightsbridge) Limited Overview
Mitie Security (knightsbridge) Limited is a live company located in london, SE1 9SG with a Companies House number of 02923588. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 1994, it's largest shareholder is mitie fs (uk) limited with a 100% stake. Mitie Security (knightsbridge) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.
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Mitie Security (knightsbridge) Limited Health Check
Pomanda's financial health check has awarded Mitie Security (Knightsbridge) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £1.9m, make it larger than the average company (£832.2k)
£1.9m - Mitie Security (knightsbridge) Limited
£832.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (5.4%)
-31% - Mitie Security (knightsbridge) Limited
5.4% - Industry AVG
Production
with a gross margin of 26.1%, this company has a higher cost of product (40.8%)
26.1% - Mitie Security (knightsbridge) Limited
40.8% - Industry AVG
Profitability
an operating margin of 21.5% make it more profitable than the average company (6.5%)
21.5% - Mitie Security (knightsbridge) Limited
6.5% - Industry AVG
Employees
with 35 employees, this is above the industry average (14)
35 - Mitie Security (knightsbridge) Limited
14 - Industry AVG
Pay Structure
on an average salary of £39.9k, the company has a higher pay structure (£28.3k)
£39.9k - Mitie Security (knightsbridge) Limited
£28.3k - Industry AVG
Efficiency
resulting in sales per employee of £54.2k, this is less efficient (£72.4k)
£54.2k - Mitie Security (knightsbridge) Limited
£72.4k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (28 days)
26 days - Mitie Security (knightsbridge) Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (40 days)
32 days - Mitie Security (knightsbridge) Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mitie Security (knightsbridge) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is less cash available to meet short term requirements (59 weeks)
28 weeks - Mitie Security (knightsbridge) Limited
59 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.3%, this is a lower level of debt than the average (40.4%)
26.3% - Mitie Security (knightsbridge) Limited
40.4% - Industry AVG
MITIE SECURITY (KNIGHTSBRIDGE) LIMITED financials
Mitie Security (Knightsbridge) Limited's latest turnover from March 2023 is £1.9 million and the company has net assets of £1.8 million. According to their latest financial statements, Mitie Security (Knightsbridge) Limited has 35 employees and maintains cash reserves of £356 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | Jun 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,896,000 | 4,070,000 | 1,841,000 | 5,772,000 | 13,475,000 | 19,723,000 | 26,073,000 | 35,072,000 | 37,682,000 | 45,686,000 | 43,453,000 | 47,380,000 | 42,957,957 | 18,135,494 | 25,424,783 | 32,531,385 |
| Other Income Or Grants | 12,000 | 2,000 | 72,000 | |||||||||||||
| Cost Of Sales | 1,402,000 | 3,730,000 | 1,730,000 | 5,433,000 | 12,968,000 | 18,687,000 | 26,771,000 | 34,425,000 | 38,050,000 | 44,694,000 | 39,681,000 | 43,012,000 | 38,478,176 | 16,204,384 | 22,896,087 | 28,634,950 |
| Gross Profit | 494,000 | 352,000 | 113,000 | 411,000 | 507,000 | 1,036,000 | -698,000 | 647,000 | -368,000 | 992,000 | 3,772,000 | 4,368,000 | 4,479,781 | 1,931,110 | 2,528,696 | 3,896,435 |
| Admin Expenses | 87,000 | 212,000 | 79,000 | 216,000 | 427,000 | 625,000 | 479,000 | 162,000 | 173,000 | 926,000 | 3,356,000 | 3,226,000 | 3,871,132 | 1,293,642 | 2,051,403 | 3,099,537 |
| Operating Profit | 407,000 | 140,000 | 34,000 | 195,000 | 80,000 | 411,000 | -1,177,000 | 485,000 | -541,000 | 66,000 | 416,000 | 1,142,000 | 608,649 | 637,468 | 477,293 | 796,898 |
| Interest Payable | 3,000 | 14,000 | 41,000 | 23,000 | ||||||||||||
| Interest Receivable | 50,000 | 42,000 | 24,000 | 46,000 | 2,000 | 2,913 | 14,777 | 13,106 | 23,681 | |||||||
| Pre-Tax Profit | 457,000 | 179,000 | 58,000 | 195,000 | 80,000 | 362,000 | -1,191,000 | 444,000 | -564,000 | 66,000 | 376,000 | 1,144,000 | 611,562 | 652,245 | 490,399 | 820,579 |
| Tax | 153,000 | 256,000 | -11,000 | -33,000 | -19,000 | -296,000 | 225,000 | -66,000 | -158,000 | -23,000 | -107,000 | -288,000 | -185,931 | -194,345 | 97,329 | -216,308 |
| Profit After Tax | 610,000 | 435,000 | 47,000 | 162,000 | 61,000 | 66,000 | -966,000 | 378,000 | -722,000 | 43,000 | 269,000 | 856,000 | 425,631 | 457,900 | 587,728 | 604,271 |
| Dividends Paid | 2,000,000 | 500,000 | ||||||||||||||
| Retained Profit | 610,000 | 435,000 | 47,000 | 162,000 | 61,000 | 66,000 | -966,000 | 378,000 | -722,000 | 43,000 | -1,731,000 | 856,000 | 425,631 | 457,900 | 587,728 | 104,271 |
| Employee Costs | 1,397,000 | 3,645,000 | 1,599,000 | 4,324,000 | 10,888,000 | 15,923,000 | 23,382,000 | 30,027,000 | 32,216,000 | 43,237,000 | 37,491,000 | 39,874,000 | 36,957,832 | 16,091,535 | 23,515,799 | 29,439,817 |
| Number Of Employees | 35 | 65 | 102 | 117 | 386 | 584 | 585 | 910 | 1,001 | 1,276 | 1,296 | 1,414 | 1,240 | 1,075 | 959 | 958 |
| EBITDA* | 407,000 | 140,000 | 34,000 | 195,000 | 83,000 | 419,000 | -1,169,000 | 491,000 | -527,000 | 100,000 | 450,000 | 1,188,000 | 665,821 | 671,742 | 526,166 | 851,799 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | Jun 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 88,000 | 84,000 | 82,000 | 2,000 | 10,000 | 17,000 | 53,000 | 65,000 | 52,000 | 97,943 | 135,626 | 159,127 | 51,587 | |||
| Intangible Assets | 3,000 | 5,000 | 18,000 | 18,000 | 2,000 | 14,000 | ||||||||||
| Investments & Other | 248,000 | |||||||||||||||
| Debtors (Due After 1 year) | 44,000 | 42,000 | 41,000 | 36,000 | ||||||||||||
| Total Fixed Assets | 248,000 | 44,000 | 42,000 | 44,000 | 41,000 | 20,000 | 28,000 | 19,000 | 67,000 | 65,000 | 52,000 | 97,943 | 135,626 | 159,127 | 51,587 | |
| Stock & work in progress | ||||||||||||||||
| Trade Debtors | 139,000 | 116,000 | 764,000 | 830,000 | 823,000 | 1,399,000 | 1,464,000 | 1,843,000 | 3,326,000 | 7,692,000 | 1,979,000 | 3,477,000 | 2,557,690 | 1,900,829 | 2,751,956 | 3,511,016 |
| Group Debtors | 1,610,000 | 1,163,000 | 1,529,000 | 1,799,000 | 367,000 | 1,244,000 | 1,519,000 | 2,612,000 | 684,000 | 379,000 | 597,000 | 103,170 | 3,902,209 | 99,995 | 100,000 | |
| Misc Debtors | 135,000 | 19,000 | 260,000 | 254,000 | 301,000 | 649,000 | 1,046,000 | 1,264,000 | 938,000 | 1,245,000 | 1,141,000 | 1,189,921 | 728,494 | 410,360 | 350,628 | |
| Cash | 356,000 | 1,033,000 | 271,000 | 67,000 | 2,055,000 | 1,553,000 | 1,562,000 | 2,655,000 | 3,453,000 | 3,925,000 | 10,553,000 | 10,481,000 | 6,812,876 | 1,551,402 | 4,364,162 | 2,215,649 |
| misc current assets | ||||||||||||||||
| total current assets | 2,240,000 | 2,331,000 | 2,824,000 | 2,950,000 | 3,546,000 | 4,845,000 | 5,591,000 | 8,374,000 | 8,401,000 | 11,617,000 | 14,156,000 | 15,696,000 | 10,663,657 | 8,082,934 | 7,626,473 | 6,177,293 |
| total assets | 2,488,000 | 2,375,000 | 2,866,000 | 2,994,000 | 3,587,000 | 4,865,000 | 5,619,000 | 8,393,000 | 8,401,000 | 11,684,000 | 14,221,000 | 15,748,000 | 10,761,600 | 8,218,560 | 7,785,600 | 6,228,880 |
| Bank overdraft | ||||||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 124,000 | 104,000 | 138,000 | 176,000 | 150,000 | 135,000 | 272,000 | 355,000 | 187,000 | 6,000 | 458,000 | 117,000 | 357,302 | 121,765 | 374,823 | 157,077 |
| Group/Directors Accounts | 170,000 | 1,423,000 | 2,088,000 | 2,487,000 | 2,863,000 | 3,012,000 | 4,995,000 | 7,352,000 | 5,186,000 | 1,437,389 | 86,158 | |||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 359,000 | 972,000 | 1,864,000 | 2,001,000 | 1,358,000 | 2,048,000 | 2,332,000 | 3,681,000 | 4,086,000 | 4,845,000 | 4,616,000 | 6,919,000 | 6,296,512 | 5,765,871 | 5,623,911 | 5,262,342 |
| total current liabilities | 653,000 | 1,076,000 | 2,002,000 | 2,177,000 | 2,931,000 | 4,271,000 | 5,091,000 | 6,899,000 | 7,285,000 | 9,846,000 | 12,426,000 | 12,222,000 | 8,091,203 | 5,973,794 | 5,998,734 | 5,419,419 |
| loans | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 1,000 | |||||||||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 1,000 | |||||||||||||||
| total liabilities | 653,000 | 1,076,000 | 2,002,000 | 2,177,000 | 2,932,000 | 4,271,000 | 5,091,000 | 6,899,000 | 7,285,000 | 9,846,000 | 12,426,000 | 12,222,000 | 8,091,203 | 5,973,794 | 5,998,734 | 5,419,419 |
| net assets | 1,835,000 | 1,299,000 | 864,000 | 817,000 | 655,000 | 594,000 | 528,000 | 1,494,000 | 1,116,000 | 1,838,000 | 1,795,000 | 3,526,000 | 2,670,397 | 2,244,766 | 1,786,866 | 809,461 |
| total shareholders funds | 1,835,000 | 1,299,000 | 864,000 | 817,000 | 655,000 | 594,000 | 528,000 | 1,494,000 | 1,116,000 | 1,838,000 | 1,795,000 | 3,526,000 | 2,670,397 | 2,244,766 | 1,786,866 | 809,461 |
| 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 | Jun 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 407,000 | 140,000 | 34,000 | 195,000 | 80,000 | 411,000 | -1,177,000 | 485,000 | -541,000 | 66,000 | 416,000 | 1,142,000 | 608,649 | 637,468 | 477,293 | 796,898 |
| Depreciation | 3,000 | 8,000 | 8,000 | 6,000 | 14,000 | 34,000 | 34,000 | 46,000 | 57,172 | 34,274 | 48,873 | 54,901 | ||||
| Amortisation | ||||||||||||||||
| Tax | 153,000 | 256,000 | -11,000 | -33,000 | -19,000 | -296,000 | 225,000 | -66,000 | -158,000 | -23,000 | -107,000 | -288,000 | -185,931 | -194,345 | 97,329 | -216,308 |
| Stock | ||||||||||||||||
| Debtors | 542,000 | -1,253,000 | -329,000 | 1,397,000 | -1,765,000 | -737,000 | -1,690,000 | 771,000 | -2,744,000 | 4,089,000 | -1,612,000 | 1,364,219 | -2,680,751 | 2,569,888 | -699,333 | 3,961,644 |
| Creditors | 20,000 | -34,000 | -38,000 | 26,000 | 15,000 | -137,000 | -83,000 | 168,000 | 181,000 | -452,000 | 341,000 | -240,302 | 235,537 | -35,312 | 217,746 | 157,077 |
| Accruals and Deferred Income | -613,000 | -892,000 | -137,000 | 643,000 | -690,000 | -284,000 | -1,349,000 | -405,000 | -759,000 | 229,000 | -2,303,000 | 622,488 | 530,641 | 503,529 | 361,569 | 5,262,342 |
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | -575,000 | 723,000 | 177,000 | -566,000 | 1,154,000 | 439,000 | -686,000 | -583,000 | 1,481,000 | -4,235,000 | -7,000 | -82,033 | 3,926,819 | -1,624,274 | 1,902,143 | 2,093,266 |
| Investing Activities | ||||||||||||||||
| capital expenditure | -156,413 | -12,019 | ||||||||||||||
| Change in Investments | 248,000 | |||||||||||||||
| cash flow from investments | -156,413 | -12,019 | ||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | 170,000 | -1,423,000 | -665,000 | -399,000 | -376,000 | -149,000 | -1,983,000 | -2,357,000 | 2,166,000 | 3,748,611 | 1,351,231 | 86,158 | ||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | ||||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -1,000 | 1,000 | ||||||||||||||
| share issue | ||||||||||||||||
| interest | 50,000 | 39,000 | 24,000 | 46,000 | -14,000 | -41,000 | -23,000 | 2,000 | 2,913 | 14,777 | 13,106 | 23,681 | ||||
| cash flow from financing | 146,000 | 39,000 | 24,000 | -1,424,000 | -664,000 | -353,000 | -390,000 | -190,000 | -2,006,000 | -2,357,000 | 2,166,000 | 3,750,214 | 1,354,144 | 1,078,340 | 402,783 | 728,871 |
| cash and cash equivalents | ||||||||||||||||
| cash | -677,000 | 762,000 | 204,000 | -1,988,000 | 502,000 | -9,000 | -1,093,000 | -798,000 | -472,000 | -6,628,000 | 72,000 | 3,668,124 | 5,261,474 | -664,247 | 2,148,513 | 2,215,649 |
| overdraft | ||||||||||||||||
| change in cash | -677,000 | 762,000 | 204,000 | -1,988,000 | 502,000 | -9,000 | -1,093,000 | -798,000 | -472,000 | -6,628,000 | 72,000 | 3,668,124 | 5,261,474 | -664,247 | 2,148,513 | 2,215,649 |
mitie security (knightsbridge) limited Credit Report and Business Information
Mitie Security (knightsbridge) Limited Competitor Analysis
Perform a competitor analysis for mitie security (knightsbridge) limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
mitie security (knightsbridge) limited Ownership
MITIE SECURITY (KNIGHTSBRIDGE) LIMITED group structure
Mitie Security (Knightsbridge) Limited has no subsidiary companies.
Ultimate parent company
2 parents
MITIE SECURITY (KNIGHTSBRIDGE) LIMITED
02923588
mitie security (knightsbridge) limited directors
Mitie Security (Knightsbridge) Limited currently has 3 directors. The longest serving directors include Mr Jeremy Williams (Nov 2018) and Mr Peter Dickinson (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Williams | England | 55 years | Nov 2018 | - | Director |
| Mr Peter Dickinson | England | 63 years | Nov 2020 | - | Director |
| Mr Peter Dickinson | England | 63 years | Nov 2020 | - | Director |
P&L
March 2023turnover
1.9m
-53%
operating profit
407k
+191%
gross margin
26.1%
+201.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.8m
+0.41%
total assets
2.5m
+0.05%
cash
356k
-0.66%
net assets
Total assets minus all liabilities
mitie security (knightsbridge) limited company details
company number
02923588
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
April 1994
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
interserve security (knightsbridge) limited (December 2020)
knightsbridge guarding limited (March 2017)
accountant
-
auditor
BDO LLP
address
level 12, the shard, 32 london bridge stre, london, SE1 9SG
Bank
BARCLAYS BANK PLC
Legal Advisor
-
mitie security (knightsbridge) 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 8 charges/mortgages relating to mitie security (knightsbridge) limited. Currently there are 0 open charges and 8 have been satisfied in the past.
mitie security (knightsbridge) 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 MITIE SECURITY (KNIGHTSBRIDGE) LIMITED. This can take several minutes, an email will notify you when this has completed.
mitie security (knightsbridge) limited Companies House Filings - See Documents
| date | description | view/download |
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