Mike Clark Limited

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mike clark limited Company Information

Live

MatureMicroHealthy

Company Number

03388930

Website

www.drummermikeclark.com

Registered Address

5 massey rd, lincoln, lincolnshire, LN2 4BN

Industry

Hotels and similar accommodation

Telephone

01761453301

Next Accounts Due

March 2025

Group Structure

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Directors

Michael Clark27 Years

Debra Barnes9 Years

Shareholders

michael a. clark 90%

debra barnes 10%

mike clark limited Estimated Valuation

£932.3k

Pomanda estimates the enterprise value of MIKE CLARK LIMITED at £932.3k based on Net Assets of £475.2k and 1.96x industry multiple (adjusted for liquidity).

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Mike Clark Limited is a live company located in lincolnshire, LN2 4BN with a Companies House number of 03388930. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in June 1997, it's largest shareholder is michael a. clark with a 90% stake. Mike Clark Limited is a mature, micro sized company, Pomanda has estimated its turnover at £68.1k with healthy growth in recent years.

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Pomanda's financial health check has awarded Mike Clark Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

3 Weak

Size

annual sales of £68.1k, make it smaller than the average company (£5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.7%)

EXPORT

Mike Clark Limited's latest turnover from June 2023 is estimated at £68.1 thousand and the company has net assets of £475.2 thousand. According to their latest financial statements, Mike Clark Limited has 1 employee and maintains cash reserves of £38.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	68,145	52,889	25,177	56,462	157,372	146,543	141,578	140,798	138,504	130,312	33,434	41,361	24,543	11,951
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	26,138	21,929	13,761	22,766	61,899	57,000	55,442	52,764	52,336	50,844	13,010	16,142	9,594	4,523
Gross Profit	42,007	30,961	11,416	33,696	95,473	89,543	86,136	88,034	86,168	79,468	20,424	25,220	14,949	7,429
Admin Expenses	46,002	66,912	-427,801	42,182	69,627	76,241	50,172	64,835	83,572	89,631	16,191	46,601	25,850	11,219
Operating Profit	-3,995	-35,951	439,217	-8,486	25,846	13,302	35,964	23,199	2,596	-10,163	4,233	-21,381	-10,901	-3,790
Interest Payable	0	357	4,775	8,843	9,977	10,193	7,479	2,538	0	0	0	0	0	0
Interest Receivable	2,195	4,072	305	12	95	38	17	55	44	29	38	28	22	9
Pre-Tax Profit	-1,800	-32,235	434,747	-17,317	15,963	3,147	28,502	20,716	2,640	-10,134	4,270	-21,353	-10,879	-3,781
Tax	0	0	-82,602	0	-3,033	-598	-5,415	-4,143	-528	0	-982	0	0	0
Profit After Tax	-1,800	-32,235	352,145	-17,317	12,930	2,549	23,087	16,573	2,112	-10,134	3,288	-21,353	-10,879	-3,781
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,800	-32,235	352,145	-17,317	12,930	2,549	23,087	16,573	2,112	-10,134	3,288	-21,353	-10,879	-3,781
Employee Costs	22,431	20,525	18,488	19,411	57,423	54,641	52,763	51,997	49,421	47,138	15,471	15,361	15,413	14,973
Number Of Employees	1	1	1	1	3	3	3	3	3	3	1	1	1	1
EBITDA*	-3,821	-35,808	449,386	1,683	42,968	30,380	52,688	39,263	16,665	-485	10,888	-13,847	-1,385	7,036

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	723	696	671	437,546	435,170	451,994	466,710	474,147	448,102	342,443	137,690	144,345	151,006	159,642
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	446,515	446,515	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
Total Fixed Assets	447,238	447,211	671	437,546	435,170	451,994	466,710	474,147	448,102	342,443	137,690	144,345	151,006	159,642
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	2,275	2,541	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	323	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	38,308	49,489	602,094	7,731	17,109	8,120	7,011	6,825	15,297	2,300	9,213	5,829	5,244	3,493
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	38,631	49,489	602,094	7,731	17,109	8,120	7,011	6,825	17,572	4,841	9,213	5,829	5,244	3,493
total assets	485,869	496,700	602,765	445,277	452,279	460,114	473,721	480,972	465,674	347,284	146,903	150,174	156,250	163,135
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	1,068	0	320	810	720	610	188,050	152,078	12,468	15,524	9,644	4,864
Group/Directors Accounts	0	0	0	0	0	0	0	5,420	0	0	0	0	0	0
other short term finances	0	0	9,842	9,000	9,000	9,000	10,000	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	10,552	19,583	82,508	75,392	70,548	80,169	86,342	194,842	0	0	0	0	0	0
total current liabilities	10,552	19,583	93,418	84,392	79,868	89,979	97,062	200,872	188,050	152,078	12,468	15,524	9,644	4,864
loans	0	0	0	137,710	134,225	143,395	151,235	78,098	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	92,822	14,659	6,663	10,663	0	0
provisions	132	132	127	2,748	442	1,926	3,159	2,824	2,197	54	497	0	1,266	2,052
total long term liabilities	132	132	127	140,458	134,667	145,321	154,394	80,922	95,019	14,713	7,160	10,663	1,266	2,052
total liabilities	10,684	19,715	93,545	224,850	214,535	235,300	251,456	281,794	283,069	166,791	19,628	26,187	10,910	6,916
net assets	475,185	476,985	509,220	220,427	237,744	224,814	222,265	199,178	182,605	180,493	127,275	123,987	145,340	156,219
total shareholders funds	475,185	476,985	509,220	220,427	237,744	224,814	222,265	199,178	182,605	180,493	127,275	123,987	145,340	156,219

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-3,995	-35,951	439,217	-8,486	25,846	13,302	35,964	23,199	2,596	-10,163	4,233	-21,381	-10,901	-3,790
Depreciation	174	143	10,169	10,169	17,122	17,078	16,724	16,064	14,069	9,678	6,655	7,534	9,516	10,826
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-82,602	0	-3,033	-598	-5,415	-4,143	-528	0	-982	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	323	0	0	0	0	0	0	-2,275	-266	2,541	0	0	0	0
Creditors	0	-1,068	1,068	-320	-490	90	110	-187,440	35,972	139,610	-3,056	5,880	4,780	4,864
Accruals and Deferred Income	-9,031	-62,925	7,116	4,844	-9,621	-6,173	-108,500	194,842	0	0	0	0	0	0
Deferred Taxes & Provisions	0	5	-2,621	2,306	-1,484	-1,233	335	627	2,143	-443	497	-1,266	-786	2,052
Cash flow from operations	-13,175	-99,796	372,347	8,513	28,340	22,466	-60,782	45,424	54,518	136,141	7,347	-9,233	2,609	13,952
Investing Activities
capital expenditure	-201	-168	426,706	-12,545	-298	-2,362	-9,287	-42,109	-119,728	-214,431	0	-873	-880	-170,468
Change in Investments	0	446,515	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-201	-446,683	426,706	-12,545	-298	-2,362	-9,287	-42,109	-119,728	-214,431	0	-873	-880	-170,468
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-5,420	5,420	0	0	0	0	0	0
Other Short Term Loans	0	-9,842	842	0	0	-1,000	10,000	0	0	0	0	0	0	0
Long term loans	0	0	-137,710	3,485	-9,170	-7,840	73,137	78,098	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
other long term liabilities	0	0	0	0	0	0	0	-92,822	78,163	7,996	-4,000	10,663	0	0
share issue	0	0	-63,352	0	0	0	0	0	0	63,352	0	0	0	160,000
interest	2,195	3,715	-4,470	-8,831	-9,882	-10,155	-7,462	-2,483	44	29	38	28	22	9
cash flow from financing	2,195	-6,127	-204,690	-5,346	-19,052	-18,995	70,255	-11,787	78,207	71,377	-3,962	10,691	22	160,009
cash and cash equivalents
cash	-11,181	-552,605	594,363	-9,378	8,989	1,109	186	-8,472	12,997	-6,913	3,384	585	1,751	3,493
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-11,181	-552,605	594,363	-9,378	8,989	1,109	186	-8,472	12,997	-6,913	3,384	585	1,751	3,493

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mike clark limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in LN2 area or any other competitors across 12 key performance metrics.

MIKE CLARK LIMITED group structure

Mike Clark Limited has no subsidiary companies.

Ultimate parent company

MIKE CLARK LIMITED

03388930

MIKE CLARK LIMITED Shareholders

michael a. clark	90%
debra barnes	10%

Mike Clark Limited currently has 2 directors. The longest serving directors include Mr Michael Clark (Jun 1997) and Mrs Debra Barnes (Dec 2014).

officer	country	age	start	end	role
Mr Michael Clark		62 years	Jun 1997	-	Director
Mrs Debra Barnes		56 years	Dec 2014	-	Director

P&L

June 2023

turnover

68.1k

+29%

operating profit

-4k

gross margin

61.7%

+5.3%

turnover

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

Balance Sheet

June 2023

net assets

475.2k

total assets

485.9k

-0.02%

cash

38.3k

-0.23%

net assets

Total assets minus all liabilities

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company number

03388930

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

June 1997

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

5 massey rd, lincoln, lincolnshire, LN2 4BN

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 mike clark limited. Currently there are 0 open charges and 2 have been satisfied in the past.

mike clark limited Company Information

mike clark limited Estimated Valuation

mike clark limited Estimated Valuation

mike clark limited Estimated Valuation

Mike Clark Limited Overview

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MIKE CLARK LIMITED financials

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