midshire business systems (northern) limited
midshire business systems (northern) limited Company Information
Company Number
03545609
Website
www.midshire.co.ukRegistered Address
midshire house doranda way, west bromwich, west midlands, B71 4LT
Industry
Other personal service activities n.e.c.
Telephone
01614943370
Next Accounts Due
May 2024
Group Structure
View All
Shareholders
sharp electronics (europe) ltd 66.7%
midshire business systems ltd 33.3%
midshire business systems (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDSHIRE BUSINESS SYSTEMS (NORTHERN) LIMITED at £10.5m based on a Turnover of £10.7m and 0.98x industry multiple (adjusted for size and gross margin).
midshire business systems (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDSHIRE BUSINESS SYSTEMS (NORTHERN) LIMITED at £9m based on an EBITDA of £1.3m and a 7.16x industry multiple (adjusted for size and gross margin).
midshire business systems (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDSHIRE BUSINESS SYSTEMS (NORTHERN) LIMITED at £8.3m based on Net Assets of £2.8m and 2.99x industry multiple (adjusted for liquidity).
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Midshire Business Systems (northern) Limited Overview
Midshire Business Systems (northern) Limited is a dissolved company that was located in west midlands, B71 4LT with a Companies House number of 03545609. It operated in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 1998, it's largest shareholder was sharp electronics (europe) ltd with a 66.7% stake. The last turnover for Midshire Business Systems (northern) Limited was estimated at £10.7m.
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Midshire Business Systems (northern) Limited Health Check
Pomanda's financial health check has awarded Midshire Business Systems (Northern) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £10.7m, make it larger than the average company (£614k)
£10.7m - Midshire Business Systems (northern) Limited
£614k - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.9%)
4% - Midshire Business Systems (northern) Limited
3.9% - Industry AVG
Production
with a gross margin of 37.9%, this company has a comparable cost of product (40.2%)
37.9% - Midshire Business Systems (northern) Limited
40.2% - Industry AVG
Profitability
an operating margin of 10.7% make it more profitable than the average company (6.4%)
10.7% - Midshire Business Systems (northern) Limited
6.4% - Industry AVG
Employees
with 73 employees, this is above the industry average (15)
73 - Midshire Business Systems (northern) Limited
15 - Industry AVG
Pay Structure
on an average salary of £40.3k, the company has a higher pay structure (£24.6k)
£40.3k - Midshire Business Systems (northern) Limited
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £146.8k, this is more efficient (£61.6k)
£146.8k - Midshire Business Systems (northern) Limited
£61.6k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (29 days)
39 days - Midshire Business Systems (northern) Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (36 days)
18 days - Midshire Business Systems (northern) Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 35 days, this is in line with average (31 days)
35 days - Midshire Business Systems (northern) Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is less cash available to meet short term requirements (56 weeks)
23 weeks - Midshire Business Systems (northern) Limited
56 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.1%, this is a similar level of debt than the average (41.3%)
44.1% - Midshire Business Systems (northern) Limited
41.3% - Industry AVG
midshire business systems (northern) limited Credit Report and Business Information
Midshire Business Systems (northern) Limited Competitor Analysis
Perform a competitor analysis for midshire business systems (northern) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
midshire business systems (northern) limited Ownership
MIDSHIRE BUSINESS SYSTEMS (NORTHERN) LIMITED group structure
Midshire Business Systems (Northern) Limited has no subsidiary companies.
Ultimate parent company
SHARP CORP
#0002231
2 parents
MIDSHIRE BUSINESS SYSTEMS (NORTHERN) LIMITED
03545609
midshire business systems (northern) limited directors
Midshire Business Systems (Northern) Limited currently has 3 directors. The longest serving directors include Mr David Cooper (Jul 2017) and Mr Stuart Sykes (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Cooper | 66 years | Jul 2017 | - | Director | |
| Mr Stuart Sykes | England | 57 years | Jul 2017 | - | Director |
| Mr Richard Yates | 56 years | Jul 2017 | - | Director |
MIDSHIRE BUSINESS SYSTEMS (NORTHERN) LIMITED financials
Midshire Business Systems (Northern) Limited's latest turnover from March 2019 is £10.7 million and the company has net assets of £2.8 million. According to their latest financial statements, Midshire Business Systems (Northern) Limited has 73 employees and maintains cash reserves of £813 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,718,000 | 9,843,444 | 9,436,254 | 8,847,685 | 7,567,957 | 5,102,656 | 4,702,723 | 4,558,010 | 3,228,711 | 2,587,034 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,653,000 | 6,505,843 | 6,025,866 | 6,181,724 | 5,249,391 | 3,376,049 | 3,165,294 | 3,368,256 | 2,231,444 | 1,762,898 |
| Gross Profit | 4,065,000 | 3,337,601 | 3,410,388 | 2,665,961 | 2,318,566 | 1,726,607 | 1,537,429 | 1,189,754 | 997,267 | 824,136 |
| Admin Expenses | 2,924,000 | 2,783,457 | 2,704,581 | 2,200,737 | 1,806,925 | 1,485,814 | 1,244,105 | 1,062,375 | 827,565 | 714,669 |
| Operating Profit | 1,141,000 | 554,144 | 705,807 | 465,224 | 511,641 | 240,793 | 293,324 | 127,379 | 169,702 | 109,467 |
| Interest Payable | 47,000 | 4,989 | 10,649 | 12,194 | 10,808 | 5,223 | 7,198 | 9,067 | 8,286 | 22,582 |
| Interest Receivable | 66,000 | 40,781 | 25,510 | 16,513 | 25,106 | 14,090 | 13,228 | 13,210 | 11,751 | 7,777 |
| Pre-Tax Profit | 1,160,000 | 589,936 | 720,668 | 469,543 | 525,939 | 245,979 | 299,354 | 131,522 | 173,167 | 94,662 |
| Tax | -106,000 | -103,604 | -164,090 | -85,819 | -104,644 | -52,938 | -66,601 | -20,982 | -37,889 | -22,373 |
| Profit After Tax | 1,054,000 | 486,332 | 556,578 | 383,724 | 421,295 | 193,041 | 232,753 | 110,540 | 135,278 | 72,289 |
| Dividends Paid | 0 | 61,860 | 298,854 | 134,204 | 64,464 | 144,464 | 114,464 | 52,976 | 42,500 | 0 |
| Retained Profit | 1,054,000 | 424,472 | 257,724 | 249,520 | 356,831 | 48,577 | 118,289 | 57,564 | 92,778 | 72,289 |
| Employee Costs | 2,943,000 | 2,402,664 | 2,247,280 | 1,832,871 | 1,439,439 | 1,070,424 | 937,911 | 788,993 | 601,035 | 543,694 |
| Number Of Employees | 73 | 75 | 72 | 56 | 46 | 35 | 29 | 25 | 21 | 16 |
| EBITDA* | 1,258,000 | 683,371 | 843,558 | 614,731 | 589,133 | 280,572 | 314,858 | 150,180 | 181,476 | 118,900 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 518,000 | 542,465 | 562,606 | 1,168,107 | 868,262 | 797,269 | 743,530 | 746,338 | 662,404 | 655,954 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 518,000 | 542,465 | 562,606 | 1,168,107 | 868,262 | 797,269 | 743,530 | 746,338 | 662,404 | 655,954 |
| Stock & work in progress | 649,000 | 1,836,094 | 1,925,998 | 1,797,985 | 1,433,270 | 1,234,162 | 979,525 | 737,346 | 769,224 | 640,365 |
| Trade Debtors | 1,162,000 | 1,470,183 | 1,926,184 | 1,522,236 | 1,064,953 | 849,802 | 638,726 | 701,213 | 517,741 | 459,905 |
| Group Debtors | 174,000 | 52,556 | 126,392 | 0 | 0 | 479 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,629,000 | 108,314 | 887,322 | 180,783 | 94,097 | 32,103 | 9,160 | 54,646 | 10,913 | 6,164 |
| Cash | 813,000 | 128,904 | 121,787 | 129,944 | 129,540 | 135,371 | 161,585 | 152,219 | 118,789 | 118,011 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,427,000 | 3,596,051 | 4,987,683 | 3,630,948 | 2,721,860 | 2,251,917 | 1,788,996 | 1,645,424 | 1,416,667 | 1,224,445 |
| total assets | 4,945,000 | 4,138,516 | 5,550,289 | 4,799,055 | 3,590,122 | 3,049,186 | 2,532,526 | 2,391,762 | 2,079,071 | 1,880,399 |
| Bank overdraft | 0 | 610,328 | 625,421 | 1,690,162 | 993,851 | 1,228,940 | 979,876 | 330,785 | 566,357 | 543,141 |
| Bank loan | 0 | 0 | 0 | 10,113 | 81,600 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 336,000 | 617,890 | 981,454 | 995,107 | 543,860 | 424,556 | 269,274 | 469,260 | 327,748 | 186,323 |
| Group/Directors Accounts | 674,000 | 396,294 | 1,263,600 | 157,042 | 251,486 | 251,291 | 62,634 | 631,765 | 206,146 | 283,816 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 16,000 | 62,373 | 85,845 | 191,489 | 104,717 | 38,888 | 0 | 20,730 | 0 | 0 |
| other current liabilities | 785,000 | 475,155 | 999,713 | 415,476 | 525,632 | 320,103 | 415,877 | 165,308 | 177,186 | 161,023 |
| total current liabilities | 1,811,000 | 2,162,040 | 3,956,033 | 3,459,389 | 2,501,146 | 2,263,778 | 1,727,661 | 1,617,848 | 1,277,437 | 1,174,303 |
| loans | 0 | 0 | 0 | 0 | 11,465 | 94,208 | 175,487 | 261,329 | 332,297 | 237,625 |
| hp & lease commitments | 0 | 6,242 | 13,410 | 32,245 | 39,366 | 24,086 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 29,000 | 77,886 | 101,260 | 69,282 | 80,813 | 84,351 | 95,789 | 100,530 | 116,815 | 115 |
| other liabilities | 322,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 211,248 |
| provisions | 19,000 | 36,753 | 48,463 | 64,740 | 33,453 | 15,715 | 15,118 | 11,873 | 9,904 | 7,268 |
| total long term liabilities | 370,000 | 120,881 | 163,133 | 166,267 | 165,097 | 218,360 | 286,394 | 373,732 | 459,016 | 456,256 |
| total liabilities | 2,181,000 | 2,282,921 | 4,119,166 | 3,625,656 | 2,666,243 | 2,482,138 | 2,014,055 | 1,991,580 | 1,736,453 | 1,630,559 |
| net assets | 2,764,000 | 1,855,595 | 1,431,123 | 1,173,399 | 923,879 | 567,048 | 518,471 | 400,182 | 342,618 | 249,840 |
| total shareholders funds | 2,764,000 | 1,855,595 | 1,431,123 | 1,173,399 | 923,879 | 567,048 | 518,471 | 400,182 | 342,618 | 249,840 |
| Mar 2019 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 1,141,000 | 554,144 | 705,807 | 465,224 | 511,641 | 240,793 | 293,324 | 127,379 | 169,702 | 109,467 |
| Depreciation | 117,000 | 129,227 | 137,751 | 149,507 | 77,492 | 39,779 | 21,534 | 22,801 | 11,774 | 9,433 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -106,000 | -103,604 | -164,090 | -85,819 | -104,644 | -52,938 | -66,601 | -20,982 | -37,889 | -22,373 |
| Stock | 649,000 | -89,904 | 128,013 | 364,715 | 199,108 | 254,637 | 242,179 | -31,878 | 128,859 | 640,365 |
| Debtors | 2,965,000 | -1,308,845 | 1,236,879 | 543,969 | 276,666 | 234,498 | -107,973 | 227,205 | 62,585 | 466,069 |
| Creditors | 336,000 | -363,564 | -13,653 | 451,247 | 119,304 | 155,282 | -199,986 | 141,512 | 141,425 | 186,323 |
| Accruals and Deferred Income | 814,000 | -547,932 | 616,215 | -121,687 | 201,991 | -107,212 | 245,828 | -28,163 | 132,863 | 161,138 |
| Deferred Taxes & Provisions | 19,000 | -11,710 | -16,277 | 31,287 | 17,738 | 597 | 3,245 | 1,969 | 2,636 | 7,268 |
| Cash flow from operations | -1,293,000 | 1,055,310 | -99,139 | -18,925 | 347,748 | -212,834 | 163,138 | 49,189 | 229,067 | -655,178 |
| Investing Activities | ||||||||||
| capital expenditure | -116,442 | 369,134 | -452,901 | -150,265 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -116,442 | 369,134 | -452,901 | -150,265 | ||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | -10,113 | -71,487 | 81,600 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 674,000 | -867,306 | 1,106,558 | -94,444 | 195 | 188,657 | -569,131 | 425,619 | -77,670 | 283,816 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -11,465 | -82,743 | -81,279 | -85,842 | -70,968 | 94,672 | 237,625 |
| Hire Purchase and Lease Commitments | 16,000 | -30,640 | -124,479 | 79,651 | 81,109 | 62,974 | -20,730 | 20,730 | 0 | 0 |
| other long term liabilities | 322,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -211,248 | 211,248 |
| share issue | ||||||||||
| interest | 19,000 | 35,792 | 14,861 | 4,319 | 14,298 | 8,867 | 6,030 | 4,143 | 3,465 | -14,805 |
| cash flow from financing | 2,741,000 | -862,154 | 986,827 | -93,426 | 94,459 | 179,219 | -669,673 | 379,524 | -190,781 | 895,435 |
| cash and cash equivalents | ||||||||||
| cash | 813,000 | 7,117 | -8,157 | 404 | -5,831 | -26,214 | 9,366 | 33,430 | 778 | 118,011 |
| overdraft | 0 | -15,093 | -1,064,741 | 696,311 | -235,089 | 249,064 | 649,091 | -235,572 | 23,216 | 543,141 |
| change in cash | 813,000 | 22,210 | 1,056,584 | -695,907 | 229,258 | -275,278 | -639,725 | 269,002 | -22,438 | -425,130 |
P&L
March 2019turnover
10.7m
0%
operating profit
1.1m
0%
gross margin
38%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
2.8m
0%
total assets
4.9m
0%
cash
813k
0%
net assets
Total assets minus all liabilities
midshire business systems (northern) limited company details
company number
03545609
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
April 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
postzone limited (July 1998)
incorporated
UK
address
midshire house doranda way, west bromwich, west midlands, B71 4LT
last accounts submitted
March 2019
midshire business systems (northern) 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 midshire business systems (northern) limited.
midshire business systems (northern) limited Companies House Filings - See Documents
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