Mildreds Limited

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mildreds limited Company Information

Live

MatureMidRapid

Company Number

03019728

Next Accounts

Dec 2025

Industry

Licensed restaurants

Directors

Shirin Gandhi

Samuel Anstey

Shareholders

mildreds holdings limited

jane lesley muir

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Group Structure

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Contact

Registered Address

45 lexington street, london, W1F 9AN

Website

www.mildreds.co.uk

mildreds limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of MILDREDS LIMITED at £9.2m based on a Turnover of £15.4m and 0.6x industry multiple (adjusted for size and gross margin).

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Mildreds Limited is a live company located in london, W1F 9AN with a Companies House number of 03019728. It operates in the licenced restaurants sector, SIC Code 56101. Founded in February 1995, it's largest shareholder is mildreds holdings limited with a 79.9% stake. Mildreds Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Mildreds Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £15.4m, make it larger than the average company (£2m)

Growth

3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (21.2%)

EXPORT

Mildreds Limited's latest turnover from March 2024 is £15.4 million and the company has net assets of £1.2 million. According to their latest financial statements, Mildreds Limited has 300 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	15,440,042	13,448,878	5,829,108	3,603,773	4,059,993	5,710,014	5,173,384	3,467,966	2,226,242	7,248,055	6,111,973	2,811,175	1,504,817	1,736,344	1,990,732
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,965,719	11,150,202	2,435,430	1,398,279	1,555,366	2,221,983	1,925,127	1,292,328	865,049	2,890,877	2,470,212	1,103,430	609,820	680,073	809,785
Gross Profit	2,474,323	2,298,676	3,393,678	2,205,494	2,504,626	3,488,031	3,248,257	2,175,637	1,361,193	4,357,178	3,641,760	1,707,745	894,997	1,056,271	1,180,947
Admin Expenses	2,729,413	1,779,378	3,310,623	2,321,552	2,797,045	2,812,976	2,926,430	1,488,444	1,311,112	4,141,147	3,510,175	1,593,907	842,451	1,097,246	1,239,561
Operating Profit	-255,090	519,298	83,055	-116,058	-292,419	675,055	321,827	687,193	50,081	216,031	131,585	113,838	52,546	-40,975	-58,614
Interest Payable	173,956	79,337	91,011	44,330	7,486	9,681	10,613	11,458	6,281	0	0	0	0	0	0
Interest Receivable	0	0	12,492	1,704	1,072	7,116	4,129	1,191	1,195	815	369	250	197	144	62
Pre-Tax Profit	-429,046	439,961	4,536	-158,685	-298,833	672,490	315,342	676,926	44,995	216,846	131,955	114,088	52,743	-40,831	-58,552
Tax	0	-19,643	-862	0	0	-127,773	-59,915	-135,385	-8,999	-45,538	-30,350	-27,381	-13,713	0	0
Profit After Tax	-429,046	420,318	3,674	-158,685	-298,833	544,717	255,427	541,541	35,996	171,308	101,605	86,707	39,030	-40,831	-58,552
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-429,046	420,318	3,674	-158,685	-298,833	544,717	255,427	541,541	35,996	171,308	101,605	86,707	39,030	-40,831	-58,552
Employee Costs	6,492,729	5,503,573	3,448,285	2,270,386	2,690,950	2,533,112	2,151,233	1,732,184	1,374,664	2,467,599	2,108,740	968,407	523,393	565,734	646,869
Number Of Employees	300	245	194	136	150	142	124	101	84	154	134	66	35	41	47
EBITDA*	226,692	987,016	408,530	-1,559	-157,604	821,471	469,446	819,796	167,079	236,087	144,435	126,771	63,022	-16,928	-30,603

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	4,134,429	2,647,797	2,317,560	758,073	732,703	797,330	870,716	724,944	674,964	78,383	65,318	48,693	39,286	150,151	169,829
Intangible Assets	83,094	52,163	0	980	2,546	5,093	7,639	10,186	0	0	0	0	0	0	0
Investments & Other	900	400	200	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,218,423	2,700,360	2,317,760	759,053	735,249	802,423	878,355	735,130	674,964	78,383	65,318	48,693	39,286	150,151	169,829
Stock & work in progress	185,841	128,004	109,133	26,355	18,400	18,400	18,400	16,000	8,723	11,955	9,348	8,422	6,066	4,824	5,174
Trade Debtors	2,388	0	0	0	4,256	123,003	118,753	49,384	2,823	199,740	145,975	71,975	35,975	35,975	35,975
Group Debtors	745,784	919,236	743,486	622,401	176,200	0	0	0	0	0	0	0	0	0	0
Misc Debtors	840,916	646,146	437,974	310,766	408,937	1,267,762	721,379	460,190	277,296	22,301	0	0	0	0	0
Cash	1,076,845	1,725,773	1,114,306	2,216,953	1,190,349	953,555	944,031	707,371	245,751	232,348	93,641	54,033	46,099	32,751	24,769
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,851,774	3,419,159	2,404,899	3,176,475	1,798,142	2,362,720	1,802,563	1,232,945	534,593	466,344	248,964	134,430	88,140	73,550	65,918
total assets	7,070,197	6,119,519	4,722,659	3,935,528	2,533,391	3,165,143	2,680,918	1,968,075	1,209,557	544,727	314,282	183,123	127,426	223,701	235,747
Bank overdraft	0	0	0	0	0	20,000	20,200	20,200	20,200	0	0	0	0	0	0
Bank loan	474,554	335,708	176,250	176,250	20,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	465,053	544,245	503,929	430,904	349,227	463,654	533,682	303,530	147,703	234,313	180,011	150,264	184,901	319,080	290,848
Group/Directors Accounts	45,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,022,787	2,232,065	1,550,908	862,486	597,788	794,421	754,238	540,296	473,308	0	0	0	0	0	0
total current liabilities	3,007,604	3,112,018	2,231,087	1,469,640	967,015	1,278,075	1,308,120	864,026	641,211	234,313	180,011	150,264	184,901	319,080	290,848
loans	2,347,111	1,095,139	1,178,717	1,165,417	91,791	113,666	132,983	153,183	173,067	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	391,712	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	159,546	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	109,278	109,278	89,635	80,925	96,354	96,354	107,484	73,962	59,916	11,047	6,212	6,405	2,778	3,904	3,351
total long term liabilities	2,848,101	1,363,963	1,268,352	1,246,342	188,145	210,020	240,467	227,145	232,983	11,047	6,212	6,405	2,778	3,904	3,351
total liabilities	5,855,705	4,475,981	3,499,439	2,715,982	1,155,160	1,488,095	1,548,587	1,091,171	874,194	245,360	186,223	156,669	187,679	322,984	294,199
net assets	1,214,492	1,643,538	1,223,220	1,219,546	1,378,231	1,677,048	1,132,331	876,904	335,363	299,367	128,059	26,454	-60,253	-99,283	-58,452
total shareholders funds	1,214,492	1,643,538	1,223,220	1,219,546	1,378,231	1,677,048	1,132,331	876,904	335,363	299,367	128,059	26,454	-60,253	-99,283	-58,452

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-255,090	519,298	83,055	-116,058	-292,419	675,055	321,827	687,193	50,081	216,031	131,585	113,838	52,546	-40,975	-58,614
Depreciation	447,511	348,410	325,475	112,933	133,249	143,869	145,072	132,603	116,998	20,056	12,850	12,933	10,476	24,047	28,011
Amortisation	34,271	119,308	0	1,566	1,566	2,547	2,547	0	0	0	0	0	0	0	0
Tax	0	-19,643	-862	0	0	-127,773	-59,915	-135,385	-8,999	-45,538	-30,350	-27,381	-13,713	0	0
Stock	57,837	18,871	82,778	7,955	0	0	2,400	7,277	-3,232	2,607	926	2,356	1,242	-350	5,174
Debtors	23,706	383,922	248,293	343,774	-801,372	550,633	330,558	229,455	58,078	76,066	74,000	36,000	0	0	35,975
Creditors	-79,192	40,316	73,025	81,677	-114,427	-70,028	230,152	155,827	-86,610	54,302	29,747	-34,637	-134,179	28,232	290,848
Accruals and Deferred Income	182,434	681,157	688,422	264,698	-196,633	40,183	213,942	66,988	473,308	0	0	0	0	0	0
Deferred Taxes & Provisions	0	19,643	8,710	-15,429	0	-11,130	33,522	14,046	48,869	4,835	-193	3,627	-1,126	553	3,351
Cash flow from operations	248,391	1,305,696	846,754	-22,342	332,708	102,090	554,189	684,540	538,801	171,013	68,713	30,024	-87,238	12,207	222,447
Investing Activities
capital expenditure	-1,999,345	-850,118	-1,883,982	-138,303	-67,641	-70,484	-290,844	-192,769	-713,579	-33,121	-29,475	-22,340	100,389	-4,369	-197,840
Change in Investments	500	200	200	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,999,845	-850,318	-1,884,182	-138,303	-67,641	-70,484	-290,844	-192,769	-713,579	-33,121	-29,475	-22,340	100,389	-4,369	-197,840
Financing Activities
Bank loans	138,846	159,458	0	156,250	20,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	45,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	1,251,972	-83,578	13,300	1,073,626	-21,875	-19,317	-20,200	-19,884	173,067	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-159,546	159,546	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	16	0	0	0	0	0	0	0	0	0	100
interest	-173,956	-79,337	-78,519	-42,626	-6,414	-2,565	-6,484	-10,267	-5,086	815	369	250	197	144	62
cash flow from financing	1,102,526	156,089	-65,219	1,187,250	-8,273	-21,882	-26,684	-30,151	167,981	815	369	250	197	144	162
cash and cash equivalents
cash	-648,928	611,467	-1,102,647	1,026,604	236,794	9,524	236,660	461,620	13,403	138,707	39,608	7,934	13,348	7,982	24,769
overdraft	0	0	0	0	-20,000	-200	0	0	20,200	0	0	0	0	0	0
change in cash	-648,928	611,467	-1,102,647	1,026,604	256,794	9,724	236,660	461,620	-6,797	138,707	39,608	7,934	13,348	7,982	24,769

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILDREDS LIMITED group structure

Mildreds Limited has 10 subsidiary companies.

Ultimate parent company

ENCORE CAPITAL XXIII LIMITED

11926211

MILDREDS HOLDINGS LIMITED

11447242

2 parents

MILDREDS LIMITED

03019728

10 subsidiaries

MILDREDS (VICTORIA) LIMITED

14985614

EDK LEISURE CONCEPTS LIMITED

15089732

MJS REALISATION LIMITED

14467445

MILDREDS (INNOVATIONS) LIMITED

14499265

MILDREDS (BOROUGH MARKET) LIMITED

13346681

MILDREDS (COVENT GARDEN) LIMITED

13422030

MILDREDS (BOROUGH MARKET 2) LIMITED

15031298

MILDREDS (WOOD WHARF) LIMITED

14432305

MILDREDS (WIMBLEDON) LIMITED

14731540

MILDREDS DALSTON LIMITED

15887985

MILDREDS LIMITED Shareholders

mildreds holdings limited	79.85%
jane lesley muir	8.65%
samuel anstey	7.5%
sarah wasserman	2%
daniel acevedo	2%

Mildreds Limited currently has 2 directors. The longest serving directors include Mr Shirin Gandhi (May 2019) and Mr Samuel Anstey (Mar 2021).

officer	country	age	start	end	role
Mr Shirin Gandhi	England	56 years	May 2019	-	Director
Mr Samuel Anstey	United Kingdom	44 years	Mar 2021	-	Director

P&L

March 2024

turnover

15.4m

+15%

operating profit

-255.1k

-149%

gross margin

16.1%

-6.24%

turnover

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

Balance Sheet

March 2024

net assets

1.2m

-0.26%

total assets

7.1m

+0.16%

cash

1.1m

-0.38%

net assets

Total assets minus all liabilities

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company number

03019728

Type

Private limited with Share Capital

industry

56101 - Licensed restaurants

incorporation date

February 1995

ultimate parent company

ENCORE CAPITAL XXIII LIMITED

previous names

N/A

address

45 lexington street, london, W1F 9AN

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 mildreds limited. Currently there are 8 open charges and 0 have been satisfied in the past.

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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mildreds limited Company Information

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mildreds limited Estimated Valuation

mildreds limited Estimated Valuation

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