mileright ltd

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mileright ltd Company Information

Share MILERIGHT LTD

Company Number

04114489

Shareholders

david feldman

joseph feldman

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Group Structure

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Industry

Buying and selling of own real estate

 

Registered Address

22 beechcroft avenue, london, NW11 8BL

Website

-

mileright ltd Estimated Valuation

£9.7m

Pomanda estimates the enterprise value of MILERIGHT LTD at £9.7m based on a Turnover of £3.1m and 3.17x industry multiple (adjusted for size and gross margin).

mileright ltd Estimated Valuation

£5.1k

Pomanda estimates the enterprise value of MILERIGHT LTD at £5.1k based on an EBITDA of £758 and a 6.71x industry multiple (adjusted for size and gross margin).

mileright ltd Estimated Valuation

£212.1k

Pomanda estimates the enterprise value of MILERIGHT LTD at £212.1k based on Net Assets of £132.4k and 1.6x industry multiple (adjusted for liquidity).

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Mileright Ltd Overview

Mileright Ltd is a live company located in london, NW11 8BL with a Companies House number of 04114489. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in November 2000, it's largest shareholder is david feldman with a 16.7% stake. Mileright Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with rapid growth in recent years.

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Mileright Ltd Health Check

Pomanda's financial health check has awarded Mileright Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £3.1m, make it larger than the average company (£856.5k)

£3.1m - Mileright Ltd

£856.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 85%, show it is growing at a faster rate (2.6%)

85% - Mileright Ltd

2.6% - Industry AVG

production

Production

with a gross margin of 68.5%, this company has a comparable cost of product (68.5%)

68.5% - Mileright Ltd

68.5% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (24.7%)

0% - Mileright Ltd

24.7% - Industry AVG

employees

Employees

with 17 employees, this is above the industry average (4)

17 - Mileright Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)

£36.8k - Mileright Ltd

£36.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £180.2k, this is equally as efficient (£189k)

£180.2k - Mileright Ltd

£189k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Mileright Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 306 days, this is slower than average (30 days)

306 days - Mileright Ltd

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Mileright Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)

0 weeks - Mileright Ltd

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 86.2%, this is a higher level of debt than the average (64.6%)

86.2% - Mileright Ltd

64.6% - Industry AVG

MILERIGHT LTD financials

EXPORTms excel logo

Mileright Ltd's latest turnover from November 2023 is estimated at £3.1 million and the company has net assets of £132.4 thousand. According to their latest financial statements, we estimate that Mileright Ltd has 17 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover3,063,9062,828,3032,198,994484,055288,165363,410311,294325,208284,210360,255298,061185,91294,40631,528
Other Income Or Grants
Cost Of Sales964,709922,821693,392154,93489,632120,59699,671115,09895,588147,134119,38472,14234,36312,325
Gross Profit2,099,1971,905,4821,505,602329,121198,533242,814211,622210,110188,622213,121178,677113,77060,04419,203
Admin Expenses2,098,4391,906,0971,505,611329,159199,120243,139222,39544,092180,749232,204201,192141,86580,0628,683-120,588
Operating Profit758-615-9-38-587-325-10,773166,0187,873-19,083-22,515-28,095-20,01810,520120,588
Interest Payable
Interest Receivable727027263366441121317151981
Pre-Tax Profit831-54519-12-554-259-10,729166,0297,875-19,070-22,498-28,080-19,99910,528120,589
Tax-208-4-33,206-1,575-2,948-33,765
Profit After Tax623-54515-12-554-259-10,729132,8236,300-19,070-22,498-28,080-19,9997,58086,824
Dividends Paid
Retained Profit623-54515-12-554-259-10,729132,8236,300-19,070-22,498-28,080-19,9997,58086,824
Employee Costs626,028591,783432,145113,57680,29377,87470,29675,13874,71471,38871,30133,62833,86034,847
Number Of Employees17161232222222111
EBITDA*758-615-9-38-587-325-10,773166,0187,873-19,083-22,515-28,095-20,01810,520120,588

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets956,677949,053727,889250,000250,000250,000250,000101,756101,756101,755101,755101,755101,755101,755
Intangible Assets
Investments & Other5250,000
Debtors (Due After 1 year)
Total Fixed Assets956,677949,053727,889250,000250,005250,000250,000250,000101,756101,756101,755101,755101,755101,755101,755
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors7,568
Cash1,9068463,80950,9034978,1799,4508,108707375,2131,4314,6592,925265
misc current assets
total current assets1,9068463,80950,9034978,1799,4508,1088,275375,2131,4314,6592,925265
total assets958,583949,899731,698300,903250,502258,179259,450258,108110,031101,793106,968103,186106,414104,680102,020
Bank overdraft
Bank loan
Trade Creditors 810,158802,097583,351152,571102,158109,281110,29398,22298,96897,03583,14056,86032,00810,27515,195
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities810,158802,097583,351152,571102,158109,281110,29398,22298,96897,03583,14056,86032,00810,27515,195
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions16,00016,00016,00016,00016,00016,00016,00016,000
total long term liabilities16,00016,00016,00016,00016,00016,00016,00016,000
total liabilities826,158818,097599,351168,571118,158125,281126,293114,22298,96897,03583,14056,86032,00810,27515,195
net assets132,425131,802132,347132,332132,344132,898133,157143,88611,0634,75823,82846,32674,40694,40586,825
total shareholders funds132,425131,802132,347132,332132,344132,898133,157143,88611,0634,75823,82846,32674,40694,40586,825
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit758-615-9-38-587-325-10,773166,0187,873-19,083-22,515-28,095-20,01810,520120,588
Depreciation
Amortisation
Tax-208-4-33,206-1,575-2,948-33,765
Stock
Debtors-7,5687,568
Creditors8,061218,746430,78050,413-7,123-1,01212,071-7461,93313,89526,28024,85221,733-4,92015,195
Accruals and Deferred Income
Deferred Taxes & Provisions16,000
Cash flow from operations8,611218,131430,76750,375-7,710-1,3371,298155,634663-5,1883,765-3,2431,7152,652102,018
Investing Activities
capital expenditure-7,624-221,164-477,889-250,000101,756-1-101,755
Change in Investments-55-250,000250,000
cash flow from investments-7,624-221,164-477,8895-5-148,244-1-101,755
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue51
interest727027263366441121317151981
cash flow from financing727027263366441171317151982
cash and cash equivalents
cash1,060-2,963-47,09450,406-7,682-1,2711,3427,401670-5,1763,782-3,2281,7342,660265
overdraft
change in cash1,060-2,963-47,09450,406-7,682-1,2711,3427,401670-5,1763,782-3,2281,7342,660265

mileright ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mileright Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for mileright ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in NW11 area or any other competitors across 12 key performance metrics.

mileright ltd Ownership

MILERIGHT LTD group structure

Mileright Ltd has no subsidiary companies.

Ultimate parent company

MILERIGHT LTD

04114489

MILERIGHT LTD Shareholders

david feldman 16.67%
joseph feldman 16.67%
esther feldman 16.67%
perla feldman 16.67%
naftuli feldman 16.67%
rosie feldman 16.67%

mileright ltd directors

Mileright Ltd currently has 1 director, Mr Phillip Feldman serving since Dec 2000.

officercountryagestartendrole
Mr Phillip FeldmanEngland75 years Dec 2000- Director

P&L

November 2023

turnover

3.1m

+8%

operating profit

758.4

0%

gross margin

68.6%

+1.69%

turnover

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

Balance Sheet

November 2023

net assets

132.4k

0%

total assets

958.6k

+0.01%

cash

1.9k

+1.25%

net assets

Total assets minus all liabilities

mileright ltd company details

company number

04114489

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

November 2000

age

25

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

22 beechcroft avenue, london, NW11 8BL

Bank

-

Legal Advisor

-

mileright ltd 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 2 charges/mortgages relating to mileright ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

mileright ltd 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.

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mileright ltd Companies House Filings - See Documents

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