Pomanda estimates the enterprise value of MUELLER EUROPE LIMITED at £150.1m based on a Turnover of £218.3m and 0.69x industry multiple (adjusted for size and gross margin).
mueller europe limitedEstimated Valuation
£72.7m
Pomanda estimates the enterprise value of MUELLER EUROPE LIMITED at £72.7m based on an EBITDA of £14.2m and a 5.11x industry multiple (adjusted for size and gross margin).
mueller europe limitedEstimated Valuation
£181.3m
Pomanda estimates the enterprise value of MUELLER EUROPE LIMITED at £181.3m based on Net Assets of £100.2m and 1.81x industry multiple (adjusted for liquidity).
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Mueller Europe LimitedOverview
Mueller Europe Limited is a live company located in west midlands, WV14 7DS with a Companies House number of 03316088. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in February 1997, it's largest shareholder is
mueller europe investment company ltd
with a 100% stake. Mueller Europe Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£218.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Mueller Europe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £218.3m, make it larger than the average company (£14.3m)
£218.3m - Mueller Europe Limited
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8%)
11% - Mueller Europe Limited
8% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (29.3%)
9% - Mueller Europe Limited
29.3% - Industry AVG
Profitability
an operating margin of 6.2% make it as profitable than the average company (6.1%)
6.2% - Mueller Europe Limited
6.1% - Industry AVG
Employees
with 232 employees, this is above the industry average (79)
232 - Mueller Europe Limited
79 - Industry AVG
Pay Structure
on an average salary of £55.9k, the company has a higher pay structure (£41.2k)
£55.9k - Mueller Europe Limited
£41.2k - Industry AVG
Efficiency
resulting in sales per employee of £941.2k, this is more efficient (£167.6k)
£941.2k - Mueller Europe Limited
£167.6k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is near the average (59 days)
67 days - Mueller Europe Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (45 days)
31 days - Mueller Europe Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is less than average (72 days)
44 days - Mueller Europe Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 55 weeks, this is more cash available to meet short term requirements (13 weeks)
55 weeks - Mueller Europe Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22%, this is a lower level of debt than the average (45.1%)
22% - Mueller Europe Limited
45.1% - Industry AVG
MUELLER EUROPE LIMITED financials
EXPORT
Mueller Europe Limited's latest turnover from December 2023 is £218.3 million and the company has net assets of £100.2 million. According to their latest financial statements, Mueller Europe Limited has 232 employees and maintains cash reserves of £25.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
218,347,000
235,220,000
240,031,000
161,790,000
181,205,000
183,286,000
179,434,000
144,702,000
157,344,000
166,475,000
111,865,000
111,059,000
131,495,000
99,758,000
71,924,000
Other Income Or Grants
Cost Of Sales
198,602,000
213,529,000
217,473,000
144,902,000
164,233,000
166,091,000
158,198,000
124,589,000
147,332,000
156,251,000
107,745,000
106,125,000
126,372,000
93,168,000
63,884,000
Gross Profit
19,745,000
21,691,000
22,558,000
16,888,000
16,972,000
17,195,000
21,236,000
20,113,000
10,012,000
10,224,000
4,120,000
4,934,000
5,123,000
6,590,000
8,040,000
Admin Expenses
6,248,000
6,975,000
7,103,000
4,425,000
6,970,000
9,991,000
10,205,000
9,611,000
12,863,000
12,720,000
3,757,000
2,897,000
3,338,000
-10,038,000
4,062,000
Operating Profit
13,497,000
14,716,000
15,455,000
12,463,000
10,002,000
7,204,000
11,031,000
10,502,000
-2,851,000
-2,496,000
363,000
2,037,000
1,785,000
16,628,000
3,978,000
Interest Payable
22,000
30,000
166,000
91,000
109,000
315,000
516,000
580,000
725,000
827,000
1,070,000
1,340,000
1,507,000
1,416,000
2,669,000
Interest Receivable
366,000
21,000
5,000
27,000
14,000
10,000
17,000
21,000
8,000
18,000
34,000
23,000
36,000
184,000
Pre-Tax Profit
13,841,000
14,707,000
15,289,000
12,377,000
9,920,000
6,903,000
10,525,000
9,938,000
-3,555,000
1,937,000
5,311,000
731,000
301,000
15,248,000
1,521,000
Tax
-3,332,000
-2,885,000
-3,173,000
-2,355,000
-1,979,000
-1,514,000
-1,986,000
-1,817,000
1,618,000
-48,000
-4,000
-20,000
761,000
-2,331,000
-245,000
Profit After Tax
10,509,000
11,822,000
12,116,000
10,022,000
7,941,000
5,389,000
8,539,000
8,121,000
-1,937,000
1,889,000
5,307,000
711,000
1,062,000
12,917,000
1,276,000
Dividends Paid
4,100,000
5,092,000
10,000,000
6,000,000
Retained Profit
6,409,000
6,730,000
12,116,000
10,022,000
7,941,000
5,389,000
8,539,000
-1,879,000
-1,937,000
1,889,000
-693,000
711,000
1,062,000
12,917,000
1,276,000
Employee Costs
12,959,000
12,571,000
11,532,000
9,596,000
10,368,000
11,352,000
10,566,000
10,823,000
12,266,000
16,443,000
5,247,000
4,998,000
5,269,000
4,483,000
4,954,000
Number Of Employees
232
238
219
219
222
222
223
225
272
290
152
143
133
126
142
EBITDA*
14,227,000
15,515,000
16,413,000
13,391,000
11,728,000
11,121,000
14,901,000
14,567,000
1,370,000
1,283,000
1,701,000
3,299,000
3,892,000
19,190,000
6,535,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 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
31,455,000
30,498,000
27,277,000
22,819,000
14,437,000
12,957,000
13,202,000
13,100,000
13,339,000
13,871,000
12,772,000
13,698,000
14,388,000
14,529,000
15,920,000
Intangible Assets
836,000
3,892,000
6,948,000
10,005,000
13,061,000
Investments & Other
6,626,000
9,649,000
15,092,000
15,092,000
15,092,000
15,092,000
15,092,000
Debtors (Due After 1 year)
697,000
1,065,000
1,953,000
2,179,000
Total Fixed Assets
38,081,000
40,147,000
27,277,000
23,516,000
14,437,000
13,793,000
18,159,000
22,001,000
25,523,000
26,932,000
27,864,000
28,790,000
29,480,000
29,621,000
31,012,000
Stock & work in progress
23,943,000
27,689,000
19,584,000
21,646,000
17,643,000
20,490,000
21,533,000
18,603,000
15,609,000
22,059,000
11,108,000
13,779,000
16,946,000
13,192,000
11,883,000
Trade Debtors
40,136,000
40,269,000
51,782,000
42,993,000
44,032,000
45,978,000
46,943,000
40,297,000
33,637,000
36,598,000
20,876,000
22,382,000
21,415,000
24,523,000
15,895,000
Group Debtors
1,430,000
1,359,000
1,514,000
309,000
Misc Debtors
916,000
765,000
690,000
2,319,000
1,153,000
1,618,000
712,000
1,557,000
3,781,000
5,800,000
1,232,000
535,000
1,120,000
602,000
1,449,000
Cash
25,389,000
13,359,000
11,403,000
4,184,000
6,891,000
2,955,000
5,908,000
3,288,000
5,894,000
8,476,000
17,513,000
6,255,000
10,840,000
13,534,000
13,956,000
misc current assets
total current assets
90,384,000
82,082,000
83,459,000
71,142,000
69,719,000
71,041,000
75,096,000
63,745,000
58,921,000
72,933,000
52,159,000
44,310,000
51,835,000
51,851,000
43,492,000
total assets
128,465,000
122,229,000
110,736,000
94,658,000
84,156,000
84,834,000
93,255,000
85,746,000
84,444,000
99,865,000
80,023,000
73,100,000
81,315,000
81,472,000
74,504,000
Bank overdraft
Bank loan
Trade Creditors
17,014,000
14,342,000
12,688,000
13,010,000
17,651,000
15,679,000
15,308,000
13,546,000
15,595,000
16,691,000
8,881,000
6,672,000
8,087,000
6,795,000
6,729,000
Group/Directors Accounts
6,022,000
4,005,000
10,000
3,055,000
66,000
70,000
31,000
293,000
36,000
172,000
249,000
42,000
other short term finances
51,000
7,000
164,000
480,000
113,000
hp & lease commitments
other current liabilities
6,646,000
6,901,000
7,769,000
2,549,000
3,000,000
3,191,000
5,941,000
2,263,000
4,402,000
851,000
723,000
1,346,000
1,451,000
6,824,000
total current liabilities
23,660,000
21,243,000
26,479,000
19,615,000
20,668,000
22,089,000
21,795,000
15,992,000
15,595,000
21,124,000
10,025,000
7,431,000
9,605,000
8,495,000
13,595,000
loans
3,000,000
2,000,000
9,000,000
24,000,000
29,000,000
25,000,000
35,000,000
26,000,000
20,000,000
25,000,000
25,000,000
25,000,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
4,607,000
4,714,000
1,107,000
52,000
43,000
236,000
215,000
933,000
total long term liabilities
4,607,000
4,714,000
4,692,000
12,092,000
9,185,000
19,013,000
31,636,000
40,361,000
36,760,000
45,371,000
31,210,000
27,745,000
32,749,000
32,837,000
37,975,000
total liabilities
28,267,000
25,957,000
31,171,000
31,707,000
29,853,000
41,102,000
53,431,000
56,353,000
52,355,000
66,495,000
41,235,000
35,176,000
42,354,000
41,332,000
51,570,000
net assets
100,198,000
96,272,000
79,565,000
62,951,000
54,303,000
43,732,000
39,824,000
29,393,000
32,089,000
33,370,000
38,788,000
37,924,000
38,961,000
40,140,000
22,934,000
total shareholders funds
100,198,000
96,272,000
79,565,000
62,951,000
54,303,000
43,732,000
39,824,000
29,393,000
32,089,000
33,370,000
38,788,000
37,924,000
38,961,000
40,140,000
22,934,000
Dec 2023
Dec 2022
Dec 2021
Dec 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
13,497,000
14,716,000
15,455,000
12,463,000
10,002,000
7,204,000
11,031,000
10,502,000
-2,851,000
-2,496,000
363,000
2,037,000
1,785,000
16,628,000
3,978,000
Depreciation
730,000
799,000
958,000
928,000
890,000
861,000
815,000
1,009,000
1,165,000
1,232,000
1,338,000
1,262,000
2,107,000
2,562,000
2,557,000
Amortisation
836,000
3,056,000
3,055,000
3,056,000
3,056,000
2,547,000
Tax
-3,332,000
-2,885,000
-3,173,000
-2,355,000
-1,979,000
-1,514,000
-1,986,000
-1,817,000
1,618,000
-48,000
-4,000
-20,000
761,000
-2,331,000
-245,000
Stock
-3,746,000
8,105,000
-2,062,000
4,003,000
-2,847,000
-1,043,000
2,930,000
2,994,000
-6,450,000
10,951,000
-2,671,000
-3,167,000
3,754,000
1,309,000
11,883,000
Debtors
18,000
-11,438,000
6,463,000
824,000
-2,411,000
-1,124,000
4,913,000
4,210,000
-2,801,000
18,860,000
-738,000
227,000
-1,076,000
7,472,000
17,653,000
Creditors
2,672,000
1,654,000
-322,000
-4,641,000
1,972,000
371,000
1,762,000
-2,049,000
-1,096,000
7,810,000
2,209,000
-1,415,000
1,292,000
66,000
6,729,000
Accruals and Deferred Income
-255,000
-868,000
5,220,000
-451,000
-191,000
-2,750,000
3,678,000
2,263,000
-4,402,000
3,551,000
128,000
-623,000
-105,000
-5,373,000
6,824,000
Deferred Taxes & Provisions
-107,000
3,607,000
1,107,000
-52,000
9,000
-193,000
21,000
-718,000
933,000
Cash flow from operations
16,933,000
20,356,000
14,844,000
1,117,000
16,788,000
9,395,000
10,512,000
5,760,000
6,689,000
-17,206,000
7,250,000
4,202,000
2,444,000
3,704,000
-9,693,000
Investing Activities
capital expenditure
-1,687,000
-4,020,000
-5,416,000
-9,310,000
-2,370,000
-616,000
-916,000
-769,000
-633,000
-17,939,000
-412,000
-572,000
-1,966,000
-1,171,000
-18,477,000
Change in Investments
-3,023,000
9,649,000
-15,092,000
15,092,000
cash flow from investments
1,336,000
-13,669,000
-5,416,000
-9,310,000
-2,370,000
-616,000
-916,000
-769,000
-633,000
-2,847,000
-412,000
-572,000
-1,966,000
-1,171,000
-33,569,000
Financing Activities
Bank loans
Group/Directors Accounts
-6,022,000
2,017,000
3,995,000
-3,045,000
2,989,000
-4,000
70,000
-31,000
-262,000
257,000
-136,000
-77,000
207,000
42,000
Other Short Term Loans
-51,000
44,000
-157,000
-316,000
367,000
113,000
Long term loans
-3,000,000
1,000,000
-7,000,000
-15,000,000
-5,000,000
4,000,000
-10,000,000
9,000,000
6,000,000
-5,000,000
25,000,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-2,483,000
9,977,000
4,498,000
-1,374,000
2,630,000
-1,481,000
1,892,000
-817,000
656,000
-7,307,000
1,557,000
-1,748,000
-2,241,000
4,289,000
21,658,000
interest
344,000
-9,000
-166,000
-86,000
-82,000
-301,000
-506,000
-563,000
-704,000
-819,000
-1,052,000
-1,306,000
-1,484,000
-1,380,000
-2,485,000
cash flow from financing
-2,139,000
3,946,000
3,298,000
3,579,000
-7,654,000
-14,109,000
-3,251,000
2,803,000
-10,079,000
612,000
6,762,000
-8,190,000
-3,802,000
3,116,000
44,215,000
cash and cash equivalents
cash
12,030,000
1,956,000
7,219,000
-2,707,000
3,936,000
-2,953,000
2,620,000
-2,606,000
-2,582,000
-9,037,000
11,258,000
-4,585,000
-2,694,000
-422,000
13,956,000
overdraft
change in cash
12,030,000
1,956,000
7,219,000
-2,707,000
3,936,000
-2,953,000
2,620,000
-2,606,000
-2,582,000
-9,037,000
11,258,000
-4,585,000
-2,694,000
-422,000
13,956,000
mueller europe 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 mueller europe limited. Get real-time insights into mueller europe limited's credit score, group structure and payment trends.
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mueller europe limited Ownership
MUELLER EUROPE LIMITED group structure
Mueller Europe Limited has 2 subsidiary companies.
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
February 1997
age
28
incorporated
UK
ultimate parent company
MUELLER INDUSTRIES INC
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wednesbury tube & fittings company limited (November 1999)
wednesbury tube company limited (March 1997)
accountant
-
auditor
ERNST & YOUNG LLP
address
oxford street, bilston, west midlands, WV14 7DS
Bank
HSBC BANK PLC
Legal Advisor
EVERSHEDS LLP
mueller europe 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 mueller europe limited. Currently there are 0 open charges and 2 have been satisfied in the past.
mueller europe 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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mueller europe limitedCompanies House Filings - See Documents
