Millfield Autoparts Limited

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millfield autoparts limited Company Information

Company Number

03711431

Next Accounts

3 days late

Directors

Hassanali Damani

Sayedah Damani

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Shareholders

h d holdings (peterborough) limited

Group Structure

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Industry

Retail trade of motor vehicle parts and accessories

Registered Address

unit 5 bourges view park, maskew avenue, peterborough, PE1 2FG

Website

www.millfieldautoparts.co.uk

millfield autoparts limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of MILLFIELD AUTOPARTS LIMITED at £6.2m based on Net Assets of £2.6m and 2.42x industry multiple (adjusted for liquidity).

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Millfield Autoparts Limited is a live company located in peterborough, PE1 2FG with a Companies House number of 03711431. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in February 1999, it's largest shareholder is h d holdings (peterborough) limited with a 100% stake. Millfield Autoparts Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Millfield Autoparts Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £13.4m, make it larger than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (6.9%)

EXPORT

Millfield Autoparts Limited's latest turnover from June 2023 is estimated at £13.4 million and the company has net assets of £2.6 million. According to their latest financial statements, Millfield Autoparts Limited has 119 employees and maintains cash reserves of £182.8 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	13,395,359	10,608,704	7,623,738	5,571,005	6,206,224	6,142,817	5,455,544	6,161,738	6,053,263	5,848,378	5,188,867	4,861,215	4,825,043	4,280,258
Other Income Or Grants
Cost Of Sales	9,607,417	7,453,112	5,493,626	3,968,331	4,284,035	4,284,755	3,782,645	4,269,295	4,215,418	4,121,033	3,602,947	3,342,422	3,337,338	2,984,714
Gross Profit	3,787,942	3,155,592	2,130,111	1,602,674	1,922,189	1,858,062	1,672,899	1,892,442	1,837,845	1,727,345	1,585,920	1,518,793	1,487,705	1,295,544
Admin Expenses	3,709,640	2,465,107	2,782,756	860,447	2,651,988	933,826	1,459,401	1,682,929	1,735,658	1,476,069	1,685,463	1,407,422	1,275,005	-151,295
Operating Profit	78,302	690,485	-652,645	742,227	-729,799	924,236	213,498	209,513	102,187	251,276	-99,543	111,371	212,700	1,446,839
Interest Payable
Interest Receivable	8,743	7,115	949	938	9,550	6,402	1,742	1,990	2,480	3,111	3,033	3,036	2,834	1,289
Pre-Tax Profit	87,045	697,600	-651,696	743,164	-720,250	930,638	215,240	211,504	104,668	254,387	-96,510	114,407	215,534	1,448,128
Tax	-21,761	-132,544		-141,201		-176,821	-40,896	-42,301	-20,933	-53,421		-27,458	-56,039	-405,476
Profit After Tax	65,284	565,056	-651,696	601,963	-720,250	753,817	174,344	169,203	83,734	200,966	-96,510	86,949	159,495	1,042,652
Dividends Paid
Retained Profit	65,284	565,056	-651,696	601,963	-720,250	753,817	174,344	169,203	83,734	200,966	-96,510	86,949	159,495	1,042,652
Employee Costs	3,839,141	2,903,360	2,217,512	2,041,173	1,889,954	1,731,218	1,595,115	1,561,972	862,982	836,652	774,912	719,226	703,578	638,987
Number Of Employees	119	95	76	69	66	62	60	59	33	32	30	29	28	26
EBITDA*	182,152	793,241	-593,763	840,628	-621,594	1,022,133	293,572	291,511	165,356	316,808	-30,620	176,283	279,112	1,513,249

* 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	476,376	532,007	322,621	318,892	357,378	330,851	223,206	229,839	204,518	198,063	200,451	184,955	188,517	190,200
Intangible Assets				11,347	56,721	102,095	147,469	192,843	238,217	283,591	328,965	374,339	419,713	465,087
Investments & Other	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Debtors (Due After 1 year)
Total Fixed Assets	476,377	532,008	322,622	330,240	414,100	432,947	370,676	422,683	442,736	481,655	529,417	559,295	608,231	655,288
Stock & work in progress	2,825,641	2,425,641	1,112,653	938,689	873,980	966,766	1,111,871	1,013,678	948,580	885,970	806,020	716,941	645,425	503,872
Trade Debtors	1,233,206	1,013,807	989,040	673,117	697,673	701,495	553,241	766,385	902,049	755,190	664,618	681,624	695,038	609,505
Group Debtors
Misc Debtors	817,493	699,534	656,209	635,372	564,722	583,778	211,626	206,346
Cash	182,833	166,900	971,472	927,359	947,649	1,598,885	962,046	431,496	364,668	627,389	617,100	596,198	618,144	515,413
misc current assets
total current assets	5,059,173	4,305,882	3,729,374	3,174,537	3,084,024	3,850,924	2,838,784	2,417,905	2,215,297	2,268,549	2,087,738	1,994,763	1,958,607	1,628,790
total assets	5,535,550	4,837,890	4,051,996	3,504,777	3,498,124	4,283,871	3,209,460	2,840,588	2,658,033	2,750,204	2,617,155	2,554,058	2,566,838	2,284,078
Bank overdraft
Bank loan
Trade Creditors	1,954,673	1,773,099	1,404,164	465,652	1,037,340	1,146,312	983,546	867,351	1,032,713	1,209,985	1,277,000	1,121,090	1,076,175	953,948
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	951,900	491,569	680,490	421,836	439,244	402,062	251,835	173,023
total current liabilities	2,906,573	2,264,668	2,084,654	887,488	1,476,584	1,548,374	1,235,381	1,040,374	1,032,713	1,209,985	1,277,000	1,121,090	1,076,175	953,948
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities													142,399	142,399
provisions	59,968	69,497	28,673	26,924	33,138	26,845	19,244	19,723	14,032	12,665	13,567	9,870	12,115	11,077
total long term liabilities	59,968	69,497	28,673	26,924	33,138	26,845	19,244	19,723	14,032	12,665	13,567	9,870	154,514	153,476
total liabilities	2,966,541	2,334,165	2,113,327	914,412	1,509,722	1,575,219	1,254,625	1,060,097	1,046,745	1,222,650	1,290,567	1,130,960	1,230,689	1,107,424
net assets	2,569,009	2,503,725	1,938,669	2,590,365	1,988,402	2,708,652	1,954,835	1,780,491	1,611,288	1,527,554	1,326,588	1,423,098	1,336,149	1,176,654
total shareholders funds	2,569,009	2,503,725	1,938,669	2,590,365	1,988,402	2,708,652	1,954,835	1,780,491	1,611,288	1,527,554	1,326,588	1,423,098	1,336,149	1,176,654

	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	78,302	690,485	-652,645	742,227	-729,799	924,236	213,498	209,513	102,187	251,276	-99,543	111,371	212,700	1,446,839
Depreciation	103,850	102,756	47,535	53,027	62,831	52,523	34,700	36,624	17,795	20,158	23,549	19,538	21,038	21,036
Amortisation			11,347	45,374	45,374	45,374	45,374	45,374	45,374	45,374	45,374	45,374	45,374	45,374
Tax	-21,761	-132,544		-141,201		-176,821	-40,896	-42,301	-20,933	-53,421		-27,458	-56,039	-405,476
Stock	400,000	1,312,988	173,964	64,709	-92,786	-145,105	98,193	65,098	62,610	79,950	89,079	71,516	141,553	503,872
Debtors	337,358	68,092	336,760	46,094	-22,878	520,406	-207,864	70,682	146,859	90,572	-17,006	-13,414	85,533	609,505
Creditors	181,574	368,935	938,512	-571,688	-108,972	162,766	116,195	-165,362	-177,272	-67,015	155,910	44,915	122,227	953,948
Accruals and Deferred Income	460,331	-188,921	258,654	-17,408	37,182	150,227	78,812	173,023
Deferred Taxes & Provisions	-9,529	40,824	1,749	-6,214	6,293	7,601	-479	5,691	1,367	-902	3,697	-2,245	1,038	11,077
Cash flow from operations	55,409	-499,545	94,428	-6,686	-571,427	790,605	556,875	126,782	-240,951	24,948	56,914	133,393	119,252	959,421
Investing Activities
capital expenditure	-48,219	-312,142	-51,264	-14,541	-89,358	-160,168	-28,067	-61,945	-24,250	-17,770	-39,045	-15,976	-19,355	-721,697
Change in Investments														1
cash flow from investments	-48,219	-312,142	-51,264	-14,541	-89,358	-160,168	-28,067	-61,945	-24,250	-17,770	-39,045	-15,976	-19,355	-721,698
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities												-142,399		142,399
share issue														134,002
interest	8,743	7,115	949	938	9,550	6,402	1,742	1,990	2,480	3,111	3,033	3,036	2,834	1,289
cash flow from financing	8,743	7,115	949	938	9,550	6,402	1,742	1,990	2,480	3,111	3,033	-139,363	2,834	277,690
cash and cash equivalents
cash	15,933	-804,572	44,113	-20,290	-651,236	636,839	530,550	66,828	-262,721	10,289	20,902	-21,946	102,731	515,413
overdraft
change in cash	15,933	-804,572	44,113	-20,290	-651,236	636,839	530,550	66,828	-262,721	10,289	20,902	-21,946	102,731	515,413

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 millfield autoparts limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in PE1 area or any other competitors across 12 key performance metrics.

MILLFIELD AUTOPARTS LIMITED group structure

Millfield Autoparts Limited has 1 subsidiary company.

Ultimate parent company

H.D. HOLDINGS (PETERBOROUGH) LIMITED

11434901

1 parent

MILLFIELD AUTOPARTS LIMITED

03711431

1 subsidiary

BATTERY CITY LIMITED

05742640

MILLFIELD AUTOPARTS LIMITED Shareholders

h d holdings (peterborough) limited

100%

Millfield Autoparts Limited currently has 3 directors. The longest serving directors include Mr Hassanali Damani (Feb 1999) and Mrs Sayedah Damani (Mar 2013).

officer	country	age	start	end	role
Mr Hassanali Damani		74 years	Feb 1999	-	Director
Mrs Sayedah Damani	United Kingdom	70 years	Mar 2013	-	Director
Mr Zeshaan Damani	England	46 years	Jun 2013	-	Director

P&L

June 2023

turnover

13.4m

+26%

operating profit

78.3k

gross margin

28.3%

-4.93%

turnover

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

Balance Sheet

June 2023

net assets

2.6m

+0.03%

total assets

5.5m

+0.14%

cash

182.8k

+0.1%

net assets

Total assets minus all liabilities

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company number

03711431

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

February 1999

ultimate parent company

H.D. HOLDINGS (PETERBOROUGH) LIMITED

previous names

N/A

address

unit 5 bourges view park, maskew avenue, peterborough, PE1 2FG

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

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millfield autoparts limited Company Information

millfield autoparts limited Estimated Valuation

millfield autoparts limited Estimated Valuation

millfield autoparts limited Estimated Valuation

Millfield Autoparts Limited Overview

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MILLFIELD AUTOPARTS LIMITED financials

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