midas properties (uk) limited
midas properties (uk) limited Company Information
Company Number
04052232
Next Accounts
Mar 2026
Shareholders
spectrum properties (uk) limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
globe house, eclipse park, sittingbourne road, maidstone, kent, ME14 3EN
Website
-midas properties (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS PROPERTIES (UK) LIMITED at £1.3m based on a Turnover of £543.5k and 2.45x industry multiple (adjusted for size and gross margin).
midas properties (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS PROPERTIES (UK) LIMITED at £2.1m based on an EBITDA of £431k and a 4.78x industry multiple (adjusted for size and gross margin).
midas properties (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDAS PROPERTIES (UK) LIMITED at £2m based on Net Assets of £1.1m and 1.75x industry multiple (adjusted for liquidity).
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Midas Properties (uk) Limited Overview
Midas Properties (uk) Limited is a live company located in maidstone, ME14 3EN with a Companies House number of 04052232. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2000, it's largest shareholder is spectrum properties (uk) limited with a 100% stake. Midas Properties (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £543.5k with declining growth in recent years.
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Midas Properties (uk) Limited Health Check
Pomanda's financial health check has awarded Midas Properties (Uk) Limited a 4 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
2 Regular
4 Weak
Size
annual sales of £543.5k, make it smaller than the average company (£953.3k)
- Midas Properties (uk) Limited
£953.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (5.6%)
- Midas Properties (uk) Limited
5.6% - Industry AVG
Production
with a gross margin of 31.4%, this company has a higher cost of product (73%)
- Midas Properties (uk) Limited
73% - Industry AVG
Profitability
an operating margin of 79.3% make it more profitable than the average company (28.7%)
- Midas Properties (uk) Limited
28.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Midas Properties (uk) Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.6k, the company has an equivalent pay structure (£33.6k)
- Midas Properties (uk) Limited
£33.6k - Industry AVG
Efficiency
resulting in sales per employee of £543.5k, this is more efficient (£191.7k)
- Midas Properties (uk) Limited
£191.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (31 days)
- Midas Properties (uk) Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 2039 days, this is slower than average (38 days)
- Midas Properties (uk) Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Midas Properties (uk) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Midas Properties (uk) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.8%, this is a similar level of debt than the average (69.5%)
71.8% - Midas Properties (uk) Limited
69.5% - Industry AVG
MIDAS PROPERTIES (UK) LIMITED financials
Midas Properties (Uk) Limited's latest turnover from June 2024 is estimated at £543.5 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Midas Properties (Uk) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | 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 | 407,912 | 422,858 | 220,282 | 176,719 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 111,184 | 113,676 | 57,504 | 31,097 | |||||||||||
| Gross Profit | 296,728 | 309,182 | 162,778 | 145,622 | |||||||||||
| Admin Expenses | 5,284 | 1,102,725 | 25,187 | 47,416 | |||||||||||
| Operating Profit | 291,444 | -793,543 | 137,591 | 98,206 | |||||||||||
| Interest Payable | 19,403 | 27,721 | 6,921 | 270 | |||||||||||
| Interest Receivable | 4 | 12 | 30 | 7 | |||||||||||
| Pre-Tax Profit | 272,045 | -821,252 | 130,700 | 97,943 | |||||||||||
| Tax | -60,018 | -10,024 | -20,781 | ||||||||||||
| Profit After Tax | 212,027 | -821,252 | 120,676 | 77,162 | |||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 212,027 | -821,252 | 120,676 | 77,162 | |||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||||
| EBITDA* | 291,714 | -790,968 | 140,172 | 100,787 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | 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 | 3,966,685 | 3,966,898 | 3,967,111 | 4,597,324 | 4,597,537 | 4,597,750 | 4,597,963 | 4,598,176 | 4,598,389 | 4,598,602 | 4,598,856 | 4,979,127 | 156 | 2,518 | 2,723,391 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 4,979,241 | 6,072,412 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 3,966,685 | 3,966,898 | 3,967,111 | 4,597,324 | 4,597,537 | 4,597,750 | 4,597,963 | 4,598,176 | 4,598,389 | 4,598,602 | 4,598,856 | 4,979,127 | 4,979,397 | 6,074,930 | 2,723,391 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 25,971 | 45,492 | 44,310 | 48,884 | 40,474 | 26,680 | 21,782 | 30,122 | 3,909 | 3,381 | 3,617 | ||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,610 | 592 | 4,950 | 3,687 | 3,928 | ||||||||||
| Cash | 2,059 | 10,708 | 77,349 | 16,963 | 7,611 | 30,499 | 20,946 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 27,581 | 45,492 | 44,310 | 48,884 | 40,474 | 26,680 | 21,782 | 30,122 | 5,968 | 14,089 | 80,966 | 17,555 | 12,561 | 34,186 | 24,874 |
| total assets | 3,994,266 | 4,012,390 | 4,011,421 | 4,646,208 | 4,638,011 | 4,624,430 | 4,619,745 | 4,628,298 | 4,604,357 | 4,612,691 | 4,679,822 | 4,996,682 | 4,991,958 | 6,109,116 | 2,748,265 |
| Bank overdraft | 23,216 | 22,460 | 10,700 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,082,502 | 2,424,233 | 2,738,196 | 4,057,183 | 4,075,963 | 3,556,836 | 3,523,322 | 4,254,381 | 4,184,875 | 52,479 | 137,512 | ||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 82,290 | 24,329 | 44,678 | 32,953 | |||||||||||
| total current liabilities | 2,082,502 | 2,424,233 | 2,738,196 | 4,057,183 | 4,075,963 | 3,556,836 | 3,523,322 | 4,254,381 | 4,184,875 | 52,479 | 137,512 | 105,506 | 46,789 | 55,378 | 32,953 |
| loans | 2,437,852 | 5,067,603 | 5,333,623 | 5,370,940 | 2,153,190 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 12,076 | 11,728 | 11,956 | 376,345 | 310,715 | 317,240 | 354,863 | ||||||||
| other liabilities | 771,400 | 771,400 | 771,400 | 258,461 | 297,074 | 795,911 | 787,117 | 419,474 | 465,039 | 4,605,827 | 2,150,000 | 250,000 | 250,000 | ||
| provisions | |||||||||||||||
| total long term liabilities | 783,476 | 783,128 | 783,356 | 634,806 | 607,789 | 1,113,151 | 1,141,980 | 419,474 | 465,039 | 4,605,827 | 4,587,852 | 5,067,603 | 5,333,623 | 5,620,940 | 2,403,190 |
| total liabilities | 2,865,978 | 3,207,361 | 3,521,552 | 4,691,989 | 4,683,752 | 4,669,987 | 4,665,302 | 4,673,855 | 4,649,914 | 4,658,306 | 4,725,364 | 5,173,109 | 5,380,412 | 5,676,318 | 2,436,143 |
| net assets | 1,128,288 | 805,029 | 489,869 | -45,781 | -45,741 | -45,557 | -45,557 | -45,557 | -45,557 | -45,615 | -45,542 | -176,427 | -388,454 | 432,798 | 312,122 |
| total shareholders funds | 1,128,288 | 805,029 | 489,869 | -45,781 | -45,741 | -45,557 | -45,557 | -45,557 | -45,557 | -45,615 | -45,542 | -176,427 | -388,454 | 432,798 | 312,122 |
| Jun 2024 | 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 | 291,444 | -793,543 | 137,591 | 98,206 | |||||||||||
| Depreciation | 213 | 254 | 270 | 270 | 2,575 | 2,581 | 2,581 | ||||||||
| Amortisation | |||||||||||||||
| Tax | -60,018 | -10,024 | -20,781 | ||||||||||||
| Stock | |||||||||||||||
| Debtors | -17,911 | 1,182 | -4,574 | 8,410 | 13,794 | 4,898 | -8,340 | 26,213 | 528 | -236 | 3,025 | -4,358 | 1,263 | -241 | 3,928 |
| Creditors | -341,731 | -313,963 | -1,318,987 | -18,780 | 519,127 | 33,514 | -731,059 | 69,506 | 4,132,396 | -85,033 | 137,512 | ||||
| Accruals and Deferred Income | 348 | -228 | -364,389 | 65,630 | -6,525 | -37,623 | 354,863 | -82,290 | 57,961 | -20,349 | 11,725 | 32,953 | |||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 294,015 | -812,580 | 142,114 | 109,031 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -4,979,241 | -1,093,171 | 6,072,412 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -2,437,852 | -2,629,751 | -266,020 | -37,317 | 3,217,750 | 2,153,190 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 512,939 | -38,613 | -498,837 | 8,794 | 367,643 | -45,565 | -4,140,788 | 2,455,827 | 2,150,000 | -250,000 | 250,000 | ||||
| share issue | |||||||||||||||
| interest | -19,399 | -27,709 | -6,891 | -263 | |||||||||||
| cash flow from financing | -285,419 | -315,026 | 3,210,859 | 2,637,887 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -2,059 | -8,649 | -66,641 | 60,386 | 9,352 | -22,888 | 9,553 | 20,946 | |||||||
| overdraft | -23,216 | 756 | 11,760 | 10,700 | |||||||||||
| change in cash | -2,059 | -8,649 | -66,641 | 83,602 | 8,596 | -34,648 | -1,147 | 20,946 |
midas properties (uk) limited Credit Report and Business Information
Midas Properties (uk) Limited Competitor Analysis
Perform a competitor analysis for midas properties (uk) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in ME14 area or any other competitors across 12 key performance metrics.
midas properties (uk) limited Ownership
MIDAS PROPERTIES (UK) LIMITED group structure
Midas Properties (Uk) Limited has no subsidiary companies.
Ultimate parent company
1 parent
MIDAS PROPERTIES (UK) LIMITED
04052232
midas properties (uk) limited directors
Midas Properties (Uk) Limited currently has 3 directors. The longest serving directors include Mr Phillip Brake (Aug 2000) and Mr Thomas Brake (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Phillip Brake | United Kingdom | 61 years | Aug 2000 | - | Director |
| Mr Thomas Brake | United Kingdom | 27 years | Oct 2024 | - | Director |
| Mr Charles Brake | United Kingdom | 30 years | Oct 2024 | - | Director |
P&L
June 2024turnover
543.5k
-14%
operating profit
431k
0%
gross margin
31.5%
+4.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
1.1m
+0.4%
total assets
4m
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
midas properties (uk) limited company details
company number
04052232
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
August 2000
age
25
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
-
address
globe house, eclipse park, sittingbourne road, maidstone, kent, ME14 3EN
Bank
-
Legal Advisor
-
midas properties (uk) 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 found 3 charges/mortgages relating to midas properties (uk) limited. Currently there are 3 open charges and 0 have been satisfied in the past.
midas properties (uk) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MIDAS PROPERTIES (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.
midas properties (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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