midas leasing limited
midas leasing limited Company Information
Company Number
03245778
Next Accounts
565 days late
Directors
Shareholders
vincent james truby
Group Structure
View All
Industry
Financial leasing
Registered Address
7 maes delfryn, llanelli, dyfed, SA14 9PX
Website
www.midasleasing.co.ukmidas leasing limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS LEASING LIMITED at £356.1k based on a Turnover of £241.3k and 1.48x industry multiple (adjusted for size and gross margin).
midas leasing limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS LEASING LIMITED at £0 based on an EBITDA of £-4.2k and a 5.83x industry multiple (adjusted for size and gross margin).
midas leasing limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS LEASING LIMITED at £0 based on Net Assets of £-4.9k and 2x industry multiple (adjusted for liquidity).
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Midas Leasing Limited Overview
Midas Leasing Limited is a live company located in dyfed, SA14 9PX with a Companies House number of 03245778. It operates in the financial leasing sector, SIC Code 64910. Founded in September 1996, it's largest shareholder is vincent james truby with a 100% stake. Midas Leasing Limited is a mature, micro sized company, Pomanda has estimated its turnover at £241.3k with low growth in recent years.
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Midas Leasing Limited Health Check
Pomanda's financial health check has awarded Midas Leasing Limited a 2 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
3 Strong
2 Regular
5 Weak
Size
annual sales of £241.3k, make it smaller than the average company (£3.7m)
- Midas Leasing Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (-0.5%)
- Midas Leasing Limited
-0.5% - Industry AVG
Production
with a gross margin of 59.1%, this company has a comparable cost of product (59.1%)
- Midas Leasing Limited
59.1% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (40.5%)
- Midas Leasing Limited
40.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (7)
1 - Midas Leasing Limited
7 - Industry AVG
Pay Structure
on an average salary of £68.4k, the company has an equivalent pay structure (£68.4k)
- Midas Leasing Limited
£68.4k - Industry AVG
Efficiency
resulting in sales per employee of £241.3k, this is less efficient (£514.7k)
- Midas Leasing Limited
£514.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (69 days)
- Midas Leasing Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 82 days, this is slower than average (39 days)
- Midas Leasing Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Midas Leasing Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Midas Leasing Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.7%, this is a higher level of debt than the average (96.7%)
108.7% - Midas Leasing Limited
96.7% - Industry AVG
MIDAS LEASING LIMITED financials
Midas Leasing Limited's latest turnover from December 2021 is estimated at £241.3 thousand and the company has net assets of -£4.9 thousand. According to their latest financial statements, Midas Leasing Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 916 | 1,247 | 1,556 | 1,963 | 2,507 | 6,489 | 15,493 | 20,240 | 26,618 | |||
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 916 | 1,247 | 1,556 | 1,963 | 2,507 | 6,489 | 15,493 | 20,240 | 26,618 | |||
| Stock & work in progress | ||||||||||||
| Trade Debtors | 300 | 215 | 215 | 1,035 | 398 | 3,329 | 13,942 | 9,933 | 7,151 | 27,350 | 52,834 | 20,498 |
| Group Debtors | ||||||||||||
| Misc Debtors | 56,176 | 60,924 | 51,604 | 40,685 | 46,908 | 32,231 | 28,063 | 26,389 | 25,591 | |||
| Cash | 154 | 3,209 | 39,340 | 107,471 | ||||||||
| misc current assets | ||||||||||||
| total current assets | 56,476 | 61,139 | 51,819 | 41,720 | 47,306 | 35,560 | 42,005 | 36,322 | 32,896 | 30,559 | 92,174 | 127,969 |
| total assets | 56,476 | 61,139 | 51,819 | 42,636 | 48,553 | 37,116 | 43,968 | 38,829 | 39,385 | 46,052 | 112,414 | 154,587 |
| Bank overdraft | 7,576 | 6,234 | 4,240 | 10,384 | 13,341 | 13,623 | ||||||
| Bank loan | ||||||||||||
| Trade Creditors | 22,379 | 16,956 | 11,813 | 9,623 | 7,948 | 7,026 | 32,855 | 32,747 | 29,319 | 33,087 | 39,929 | 28,632 |
| Group/Directors Accounts | ||||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 19,243 | 20,858 | 16,608 | 12,053 | 8,184 | 9,804 | ||||||
| total current liabilities | 49,198 | 44,048 | 32,661 | 32,060 | 29,473 | 30,453 | 32,855 | 32,747 | 29,319 | 33,087 | 39,929 | 28,632 |
| loans | 12,215 | 16,496 | 9,390 | 2,847 | 5,550 | 7,985 | ||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 2,816 | 4,908 | 7,799 | 1,369 | 6,637 | |||||||
| provisions | ||||||||||||
| total long term liabilities | 12,215 | 16,496 | 9,390 | 2,847 | 5,550 | 7,985 | 2,816 | 4,908 | 7,799 | 1,369 | 6,637 | |
| total liabilities | 61,413 | 60,544 | 42,051 | 34,907 | 35,023 | 38,438 | 35,671 | 37,655 | 37,118 | 33,087 | 41,298 | 35,269 |
| net assets | -4,937 | 595 | 9,768 | 7,729 | 13,530 | -1,322 | 8,297 | 1,174 | 2,267 | 12,965 | 71,116 | 119,318 |
| total shareholders funds | -4,937 | 595 | 9,768 | 7,729 | 13,530 | -1,322 | 8,297 | 1,174 | 2,267 | 12,965 | 71,116 | 119,318 |
| Dec 2021 | Dec 2020 | Dec 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 247 | 331 | 309 | 407 | 544 | 1,687 | 2,036 | 4,747 | 6,378 | 9,649 | ||
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | ||||||||||||
| Debtors | -4,663 | 9,320 | 10,099 | -5,586 | 11,746 | -6,445 | 5,683 | 36,322 | 5,392 | -25,484 | 32,336 | 20,498 |
| Creditors | 5,423 | 5,143 | 2,190 | 1,675 | 922 | -25,829 | 108 | 32,747 | -3,768 | -6,842 | 11,297 | 28,632 |
| Accruals and Deferred Income | -1,615 | 4,250 | 4,555 | 3,869 | -1,620 | 9,804 | ||||||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | -4,281 | 7,106 | 6,543 | -2,703 | -2,435 | 7,985 | ||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | -2,816 | -2,092 | 4,908 | 7,799 | -1,369 | -5,268 | 6,637 | |||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -3,055 | -36,131 | -68,131 | 107,471 | ||||||||
| overdraft | 1,342 | 1,994 | -6,144 | -2,957 | -282 | 13,623 | ||||||
| change in cash | -1,342 | -1,994 | 6,144 | 2,957 | 282 | -13,623 | -3,055 | -36,131 | -68,131 | 107,471 |
midas leasing limited Credit Report and Business Information
Midas Leasing Limited Competitor Analysis
Perform a competitor analysis for midas leasing limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in SA14 area or any other competitors across 12 key performance metrics.
midas leasing limited Ownership
MIDAS LEASING LIMITED group structure
Midas Leasing Limited has no subsidiary companies.
Ultimate parent company
MIDAS LEASING LIMITED
03245778
midas leasing limited directors
Midas Leasing Limited currently has 1 director, Mr Vincent Truby serving since Oct 1996.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vincent Truby | 65 years | Oct 1996 | - | Director |
P&L
December 2021turnover
241.3k
+702%
operating profit
-4.2k
0%
gross margin
59.1%
+11.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-4.9k
-9.3%
total assets
56.5k
-0.08%
cash
0
0%
net assets
Total assets minus all liabilities
midas leasing limited company details
company number
03245778
Type
Private limited with Share Capital
industry
64910 - Financial leasing
incorporation date
September 1996
age
29
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
photon corporation limited (October 1996)
accountant
PHILIP BARNES & CO LIMITED
auditor
-
address
7 maes delfryn, llanelli, dyfed, SA14 9PX
Bank
-
Legal Advisor
-
midas leasing 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 midas leasing limited.
midas leasing 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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midas leasing limited Companies House Filings - See Documents
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