Mill Wood Finance Limited

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mill wood finance limited Company Information

Live

MatureSmallHealthy

Company Number

03620326

Next Accounts

Feb 2025

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Financial leasing

Directors

Michael Bolland

Elle Bolland

Shareholders

mrs abigail louise bolland

mr michael jon bolland

Group Structure

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Contact

Registered Address

2/4 ash lane, rustington, littlehampton, BN16 3BZ

Website

https://www.millwoodfinance.com

mill wood finance limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of MILL WOOD FINANCE LIMITED at £1.3m based on a Turnover of £945.2k and 1.43x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Mill Wood Finance Limited is a live company located in littlehampton, BN16 3BZ with a Companies House number of 03620326. It operates in the financial leasing sector, SIC Code 64910. Founded in August 1998, it's largest shareholder is mrs abigail louise bolland with a 50% stake. Mill Wood Finance Limited is a mature, small sized company, Pomanda has estimated its turnover at £945.2k with healthy growth in recent years.

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Pomanda's financial health check has awarded Mill Wood Finance Limited a 3 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

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £945.2k, make it smaller than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (2.8%)

EXPORT

Mill Wood Finance Limited's latest turnover from May 2023 is estimated at £945.2 thousand and the company has net assets of £773.1 thousand. According to their latest financial statements, Mill Wood Finance Limited has 5 employees and maintains cash reserves of £5.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	945,209	980,230	1,189,252	717,715	2,880,504	2,835,674	2,910,754	1,272,185	951,060	345,011	370,172	178,336	168,933	147,997
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	400,223	397,911	533,448	282,234	1,093,902	1,106,748	1,190,714	488,882	368,163	152,425	165,261	80,753	77,129	75,353
Gross Profit	544,986	582,319	655,804	435,481	1,786,603	1,728,926	1,720,041	783,302	582,898	192,586	204,911	97,583	91,804	72,645
Admin Expenses	517,534	576,446	545,612	365,974	1,713,001	1,680,066	1,596,647	618,040	382,788	163,249	126,397	62,581	63,936	60,099
Operating Profit	27,452	5,873	110,192	69,507	73,602	48,860	123,394	165,262	200,110	29,337	78,514	35,002	27,868	12,546
Interest Payable	9,956	10,076	11,487	6,362	0	0	0	0	0	0	0	0	0	0
Interest Receivable	408	134	32	25	0	0	240	669	334	163	51	68	35	0
Pre-Tax Profit	17,904	-4,069	98,737	63,170	73,602	48,860	123,635	165,931	200,444	29,500	78,565	35,070	27,903	12,546
Tax	-4,476	0	-18,760	-12,002	-13,984	-9,283	-23,491	-33,186	-40,089	-6,195	-18,070	-8,417	-7,255	-3,513
Profit After Tax	13,428	-4,069	79,977	51,168	59,618	39,577	100,144	132,745	160,355	23,305	60,495	26,653	20,648	9,033
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	13,428	-4,069	79,977	51,168	59,618	39,577	100,144	132,745	160,355	23,305	60,495	26,653	20,648	9,033
Employee Costs	364,824	342,640	399,858	327,245	459,967	464,305	443,928	362,796	226,007	117,598	119,236	55,962	55,867	53,898
Number Of Employees	5	5	6	5	7	7	7	6	4	2	2	1	1	1
EBITDA*	27,995	6,430	110,724	69,507	73,602	48,860	123,394	187,202	236,713	72,556	106,805	44,904	31,308	17,387

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	1,614	2,157	1,522	2,054	12,731	20,069	9,549	13,863	18,604	25,828	23,428	10,497	10,158	13,598
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	807,850	807,850	305,370	305,370	0	0	0	3,840	3,840	3,840	10,800	10,800	10,800	10,800
Debtors (Due After 1 year)	862	7,716	7,556	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	810,326	817,723	314,448	307,424	12,731	20,069	9,549	17,703	22,444	29,668	34,228	21,297	20,958	24,398
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,774	10,379	53,598	17,663	783,118	817,065	797,414	378,193	303,871	146,776	127,294	68,974	43,700	28,577
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	504,200	497,975	627,079	629,104	0	0	0	0	9,725	0	0	0	0	0
Cash	5,400	12,733	14,069	49,586	0	0	0	192,345	75,216	58,297	7,036	13,305	13,919	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	513,374	521,087	694,746	696,353	783,118	817,065	797,414	570,538	388,812	205,073	134,330	82,279	57,619	28,577
total assets	1,323,700	1,338,810	1,009,194	1,003,777	795,849	837,134	806,963	588,241	411,256	234,741	168,558	103,576	78,577	52,975
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	12,004	10,734	9,225	61,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	12,768	159,387	261,265	268,848	154,962	110,373	93,500	51,725	47,238	48,892	41,922
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	38,155	40,777	45,472	147,584	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
other current liabilities	480,823	459,307	77,440	98,680	0	0	0	0	0	0	0	0	0	0
total current liabilities	530,982	510,818	132,137	320,032	159,387	261,265	268,848	154,962	110,373	93,500	51,725	47,238	48,892	41,922
loans	19,637	68,339	113,335	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
Accruals and Deferred Income	0	0	0	0	3,889	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	2,016
provisions	0	0	0	0	0	2,914	4,737	41	390	1,103	0	0	0	0
total long term liabilities	19,637	68,339	113,335	0	3,889	2,914	4,737	41	390	1,103	0	0	0	2,016
total liabilities	550,619	579,157	245,472	320,032	163,276	264,179	273,585	155,003	110,763	94,603	51,725	47,238	48,892	43,938
net assets	773,081	759,653	763,722	683,745	632,573	572,955	533,378	433,238	300,493	140,138	116,833	56,338	29,685	9,037
total shareholders funds	773,081	759,653	763,722	683,745	632,573	572,955	533,378	433,238	300,493	140,138	116,833	56,338	29,685	9,037

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	27,452	5,873	110,192	69,507	73,602	48,860	123,394	165,262	200,110	29,337	78,514	35,002	27,868	12,546
Depreciation	543	557	532	0	0	0	0	21,940	36,603	43,219	28,291	9,902	3,440	4,841
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,476	0	-18,760	-12,002	-13,984	-9,283	-23,491	-33,186	-40,089	-6,195	-18,070	-8,417	-7,255	-3,513
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-7,234	-172,163	41,466	-136,351	-33,947	19,651	419,221	64,597	166,820	19,482	58,320	25,274	15,123	28,577
Creditors	0	0	-12,768	-146,619	-101,878	-7,583	113,886	44,589	16,873	41,775	4,487	-1,654	6,970	41,922
Accruals and Deferred Income	21,516	381,867	-21,240	94,791	3,889	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-2,914	-1,823	4,696	-349	-713	1,103	0	0	0	0
Cash flow from operations	52,269	560,460	16,490	142,028	-7,338	10,520	-200,736	133,659	45,964	89,757	34,902	9,559	15,900	27,219
Investing Activities
capital expenditure	0	-1,192	0	10,677	7,338	-10,520	4,314	-17,199	-29,379	-45,619	-41,222	-10,241	0	-18,439
Change in Investments	0	502,480	0	305,370	0	0	-3,840	0	0	-6,960	0	0	0	10,800
cash flow from investments	0	-503,672	0	-294,693	7,338	-10,520	8,154	-17,199	-29,379	-38,659	-41,222	-10,241	0	-29,239
Financing Activities
Bank loans	1,270	1,509	-51,775	61,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-2,622	-4,695	-102,112	147,584	0	0	0	0	0	0	0	0	0	0
Long term loans	-48,702	-44,996	113,335	0	0	0	0	0	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	0	0	0	0	0	-2,016	2,016
share issue	0	0	0	4	0	0	-4	0	0	0	0	0	0	4
interest	-9,548	-9,942	-11,455	-6,337	0	0	240	669	334	163	51	68	35	0
cash flow from financing	-59,602	-58,124	-52,007	202,251	0	0	236	669	334	163	51	68	-1,981	2,020
cash and cash equivalents
cash	-7,333	-1,336	-35,517	49,586	0	0	-192,345	117,129	16,919	51,261	-6,269	-614	13,919	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-7,333	-1,336	-35,517	49,586	0	0	-192,345	117,129	16,919	51,261	-6,269	-614	13,919	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILL WOOD FINANCE LIMITED group structure

Mill Wood Finance Limited has no subsidiary companies.

Ultimate parent company

MILL WOOD FINANCE LIMITED

03620326

MILL WOOD FINANCE LIMITED Shareholders

mrs abigail louise bolland	50%
mr michael jon bolland	50%

Mill Wood Finance Limited currently has 2 directors. The longest serving directors include Mr Michael Bolland (Aug 1999) and Miss Elle Bolland (Jan 2013).

officer	country	age	start	end	role
Mr Michael Bolland		54 years	Aug 1999	-	Director
Miss Elle Bolland	England	28 years	Jan 2013	-	Director

P&L

May 2023

turnover

945.2k

-4%

operating profit

27.5k

gross margin

57.7%

-2.94%

turnover

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

Balance Sheet

May 2023

net assets

773.1k

+0.02%

total assets

1.3m

-0.01%

cash

5.4k

-0.58%

net assets

Total assets minus all liabilities

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company number

03620326

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

64910 - Financial leasing

incorporation date

August 1998

ultimate parent company

None

previous names

mb finance ltd (July 2005)

mb business equipment limited (November 1999)

address

2/4 ash lane, rustington, littlehampton, BN16 3BZ

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mill wood finance limited Company Information

mill wood finance limited Estimated Valuation

mill wood finance limited Estimated Valuation

mill wood finance limited Estimated Valuation

Mill Wood Finance Limited Overview

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