wales millennium centre (trading) limited
wales millennium centre (trading) limited Company Information
Company Number
03776896
Website
http://wmc.org.ukRegistered Address
wales millennium centre, bute place cardiff bay, cardiff, CF10 5AL
Industry
Event catering activities
Telephone
02920441320
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
wales millennium centre ltd 100%
wales millennium centre (trading) limited Estimated Valuation
Pomanda estimates the enterprise value of WALES MILLENNIUM CENTRE (TRADING) LIMITED at £10.9m based on a Turnover of £19.6m and 0.56x industry multiple (adjusted for size and gross margin).
wales millennium centre (trading) limited Estimated Valuation
Pomanda estimates the enterprise value of WALES MILLENNIUM CENTRE (TRADING) LIMITED at £10m based on an EBITDA of £2.2m and a 4.61x industry multiple (adjusted for size and gross margin).
wales millennium centre (trading) limited Estimated Valuation
Pomanda estimates the enterprise value of WALES MILLENNIUM CENTRE (TRADING) LIMITED at £5.8m based on Net Assets of £1.9m and 3.03x industry multiple (adjusted for liquidity).
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Wales Millennium Centre (trading) Limited Overview
Wales Millennium Centre (trading) Limited is a live company located in cardiff, CF10 5AL with a Companies House number of 03776896. It operates in the event catering activities sector, SIC Code 56210. Founded in May 1999, it's largest shareholder is wales millennium centre ltd with a 100% stake. Wales Millennium Centre (trading) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.6m with healthy growth in recent years.
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Wales Millennium Centre (trading) Limited Health Check
Pomanda's financial health check has awarded Wales Millennium Centre (Trading) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £19.6m, make it larger than the average company (£503.6k)
£19.6m - Wales Millennium Centre (trading) Limited
£503.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (-1.9%)
7% - Wales Millennium Centre (trading) Limited
-1.9% - Industry AVG
Production
with a gross margin of 24.2%, this company has a higher cost of product (43.8%)
24.2% - Wales Millennium Centre (trading) Limited
43.8% - Industry AVG
Profitability
an operating margin of 10.6% make it more profitable than the average company (5.9%)
10.6% - Wales Millennium Centre (trading) Limited
5.9% - Industry AVG
Employees
with 118 employees, this is above the industry average (10)
118 - Wales Millennium Centre (trading) Limited
10 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£18k)
£18.4k - Wales Millennium Centre (trading) Limited
£18k - Industry AVG
Efficiency
resulting in sales per employee of £166.4k, this is more efficient (£49.1k)
£166.4k - Wales Millennium Centre (trading) Limited
£49.1k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (35 days)
10 days - Wales Millennium Centre (trading) Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (30 days)
1 days - Wales Millennium Centre (trading) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (9 days)
1 days - Wales Millennium Centre (trading) Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (28 weeks)
58 weeks - Wales Millennium Centre (trading) Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.4%, this is a lower level of debt than the average (87.3%)
78.4% - Wales Millennium Centre (trading) Limited
87.3% - Industry AVG
WALES MILLENNIUM CENTRE (TRADING) LIMITED financials
Wales Millennium Centre (Trading) Limited's latest turnover from March 2023 is £19.6 million and the company has net assets of £1.9 million. According to their latest financial statements, Wales Millennium Centre (Trading) Limited has 118 employees and maintains cash reserves of £7.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,636,000 | 7,079,000 | 1,149,000 | 16,092,000 | 16,392,000 | 13,970,000 | 17,686,000 | 13,535,000 | 12,636,000 | 2,387,000 | 2,669,000 | 2,188,000 | 2,303,000 | 1,745,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 14,893,000 | 4,922,000 | 195,000 | 12,477,000 | 11,966,000 | 10,036,000 | 12,495,000 | 9,883,000 | 9,396,000 | 1,614,000 | 1,758,000 | 1,516,000 | 1,557,000 | 1,186,000 |
| Gross Profit | 4,743,000 | 2,157,000 | 954,000 | 3,615,000 | 4,426,000 | 3,934,000 | 5,191,000 | 3,652,000 | 3,240,000 | 773,000 | 911,000 | 672,000 | 746,000 | 559,000 |
| Admin Expenses | 2,670,000 | 1,966,000 | 1,326,000 | 2,866,000 | 2,849,000 | 2,662,000 | 4,140,000 | 2,039,000 | 889,000 | 508,000 | 571,000 | 476,000 | 473,000 | 326,000 |
| Operating Profit | 2,073,000 | 191,000 | -372,000 | 749,000 | 1,577,000 | 1,272,000 | 1,051,000 | 1,613,000 | 2,351,000 | 265,000 | 340,000 | 196,000 | 273,000 | 233,000 |
| Interest Payable | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 3,000 | 8,000 | 47,000 | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,070,000 | 194,000 | -364,000 | 796,000 | 1,590,000 | 1,309,000 | 1,051,000 | 1,613,000 | 2,351,000 | 265,000 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -470,000 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2,070,000 | 194,000 | -364,000 | 796,000 | 1,590,000 | 1,309,000 | 1,051,000 | 1,613,000 | 1,881,000 | 265,000 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,070,000 | 194,000 | -364,000 | 0 | 0 | 0 | 0 | 0 | 1,881,000 | 265,000 | 0 | 0 | 0 | 0 |
| Employee Costs | 2,175,000 | 1,435,000 | 623,000 | 1,999,000 | 2,252,000 | 2,004,000 | 2,048,000 | 2,230,000 | 1,581,000 | 1,037,000 | 1,058,000 | 640,000 | 0 | |
| Number Of Employees | 118 | 79 | 38 | 85 | 75 | 97 | 112 | 108 | 66 | 46 | 54 | 47 | ||
| EBITDA* | 2,162,000 | 289,000 | -252,000 | 948,000 | 1,680,000 | 1,319,000 | 1,108,000 | 1,642,000 | 2,385,000 | 306,000 | 387,000 | 254,000 | 346,000 | 265,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 67,000 | 91,000 | 84,000 | 132,000 | 183,000 | 191,000 | 227,000 | 113,000 | 138,000 | 165,000 | 187,000 | 234,000 | 292,000 | 262,000 |
| Intangible Assets | 0 | 58,000 | 116,000 | 173,000 | 231,000 | 143,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 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 | 68,000 | 150,000 | 201,000 | 306,000 | 414,000 | 334,000 | 227,000 | 113,000 | 138,000 | 165,000 | 187,000 | 234,000 | 292,000 | 262,000 |
| Stock & work in progress | 62,000 | 53,000 | 41,000 | 82,000 | 66,000 | 59,000 | 61,000 | 39,000 | 40,000 | 35,000 | 32,000 | 58,000 | 46,000 | 27,000 |
| Trade Debtors | 550,000 | 369,000 | 337,000 | 600,000 | 326,000 | 278,000 | 365,000 | 354,000 | 406,000 | 313,000 | 282,000 | 187,000 | 193,000 | 184,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 2,297,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| Misc Debtors | 380,000 | 48,000 | 26,000 | 168,000 | 631,000 | 253,000 | 430,000 | 650,000 | 50,000 | 77,000 | 2,000 | 3,000 | 6,000 | 4,000 |
| Cash | 7,690,000 | 10,140,000 | 6,639,000 | 10,438,000 | 9,212,000 | 7,549,000 | 4,156,000 | 10,184,000 | 7,637,000 | 468,000 | 522,000 | 391,000 | 212,000 | 59,000 |
| misc current assets | 29,000 | 43,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,711,000 | 10,653,000 | 7,043,000 | 11,288,000 | 10,236,000 | 8,139,000 | 7,309,000 | 11,227,000 | 8,133,000 | 893,000 | 838,000 | 639,000 | 457,000 | 275,000 |
| total assets | 8,779,000 | 10,803,000 | 7,244,000 | 11,594,000 | 10,650,000 | 8,473,000 | 7,536,000 | 11,340,000 | 8,271,000 | 1,058,000 | 1,025,000 | 873,000 | 749,000 | 537,000 |
| 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 | 53,000 | 54,000 | 23,000 | 10,000 | 67,000 | 168,000 | 67,000 | 163,000 | 48,000 | 154,000 | 20,000 | 30,000 | 35,000 | 39,000 |
| Group/Directors Accounts | 0 | 888,000 | 217,000 | 1,642,000 | 1,888,000 | 1,538,000 | 0 | 4,704,000 | 3,201,000 | 357,000 | 615,000 | 601,000 | 565,000 | 385,000 |
| other short term finances | 0 | 0 | 0 | 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 |
| other current liabilities | 6,825,000 | 10,030,000 | 7,367,000 | 9,941,000 | 8,694,000 | 6,766,000 | 7,468,000 | 6,472,000 | 5,021,000 | 546,000 | 389,000 | 241,000 | 148,000 | 112,000 |
| total current liabilities | 6,878,000 | 10,972,000 | 7,607,000 | 11,593,000 | 10,649,000 | 8,472,000 | 7,535,000 | 11,339,000 | 8,270,000 | 1,057,000 | 1,024,000 | 872,000 | 748,000 | 536,000 |
| loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,878,000 | 10,972,000 | 7,607,000 | 11,593,000 | 10,649,000 | 8,472,000 | 7,535,000 | 11,339,000 | 8,270,000 | 1,057,000 | 1,024,000 | 872,000 | 748,000 | 536,000 |
| net assets | 1,901,000 | -169,000 | -363,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| total shareholders funds | 1,901,000 | -169,000 | -363,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,073,000 | 191,000 | -372,000 | 749,000 | 1,577,000 | 1,272,000 | 1,051,000 | 1,613,000 | 2,351,000 | 265,000 | 340,000 | 196,000 | 273,000 | 233,000 |
| Depreciation | 31,000 | 40,000 | 63,000 | 141,000 | 45,000 | 47,000 | 57,000 | 29,000 | 34,000 | 41,000 | 47,000 | 58,000 | 73,000 | 32,000 |
| Amortisation | 58,000 | 58,000 | 57,000 | 58,000 | 58,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -470,000 | 0 | 0 | 0 | 0 | 0 |
| Stock | 9,000 | 12,000 | -41,000 | 16,000 | 7,000 | -2,000 | 22,000 | -1,000 | 5,000 | 3,000 | -26,000 | 12,000 | 19,000 | 27,000 |
| Debtors | 513,000 | 54,000 | -405,000 | -189,000 | 426,000 | -2,561,000 | 2,088,000 | 548,000 | 66,000 | 106,000 | 94,000 | -9,000 | 10,000 | 189,000 |
| Creditors | -1,000 | 31,000 | 13,000 | -57,000 | -101,000 | 101,000 | -96,000 | 115,000 | -106,000 | 134,000 | -10,000 | -5,000 | -4,000 | 39,000 |
| Accruals and Deferred Income | -3,205,000 | 2,663,000 | -2,574,000 | 1,247,000 | 1,928,000 | -702,000 | 996,000 | 1,451,000 | 4,475,000 | 157,000 | 148,000 | 93,000 | 36,000 | 112,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,566,000 | 2,917,000 | -2,367,000 | 2,311,000 | 3,074,000 | 3,281,000 | -102,000 | 2,661,000 | 6,213,000 | 488,000 | 457,000 | 339,000 | 349,000 | 200,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -888,000 | 671,000 | -1,425,000 | -246,000 | 350,000 | 1,538,000 | -4,704,000 | 1,503,000 | 2,844,000 | -258,000 | 14,000 | 36,000 | 180,000 | 385,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -3,000 | 3,000 | 8,000 | 47,000 | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -891,000 | 674,000 | -1,417,000 | -199,000 | 363,000 | 1,538,000 | -4,704,000 | 1,503,000 | 963,000 | -523,000 | 14,000 | 36,000 | 180,000 | 386,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -2,450,000 | 3,501,000 | -3,799,000 | 1,226,000 | 1,663,000 | 3,393,000 | -6,028,000 | 2,547,000 | 7,169,000 | -54,000 | 131,000 | 179,000 | 153,000 | 59,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,450,000 | 3,501,000 | -3,799,000 | 1,226,000 | 1,663,000 | 3,393,000 | -6,028,000 | 2,547,000 | 7,169,000 | -54,000 | 131,000 | 179,000 | 153,000 | 59,000 |
wales millennium centre (trading) limited Credit Report and Business Information
Wales Millennium Centre (trading) Limited Competitor Analysis
Perform a competitor analysis for wales millennium centre (trading) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
wales millennium centre (trading) limited Ownership
WALES MILLENNIUM CENTRE (TRADING) LIMITED group structure
Wales Millennium Centre (Trading) Limited has 1 subsidiary company.
Ultimate parent company
1 parent
WALES MILLENNIUM CENTRE (TRADING) LIMITED
03776896
1 subsidiary
wales millennium centre (trading) limited directors
Wales Millennium Centre (Trading) Limited currently has 2 directors. The longest serving directors include Mr Mathew Milsom (Oct 2009) and Mr Geraint Jones (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mathew Milsom | 48 years | Oct 2009 | - | Director | |
| Mr Geraint Jones | 48 years | Nov 2023 | - | Director |
P&L
March 2023turnover
19.6m
+177%
operating profit
2.1m
+985%
gross margin
24.2%
-20.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.9m
-12.25%
total assets
8.8m
-0.19%
cash
7.7m
-0.24%
net assets
Total assets minus all liabilities
Similar Companies
wales millennium centre (trading) limited company details
company number
03776896
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
May 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
wales millennium centre, bute place cardiff bay, cardiff, CF10 5AL
last accounts submitted
March 2023
wales millennium centre (trading) 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 wales millennium centre (trading) limited.
wales millennium centre (trading) limited Companies House Filings - See Documents
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