Mikuni Heating (uk) Limited

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mikuni heating (uk) limited Company Information

Company Number

04148231

Next Accounts

May 2025

Directors

Steven Elliott

Shareholders

stephen armstrong elliott

Group Structure

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Industry

Retail sale via mail order houses or via Internet

Registered Address

unit 6, second avenue business park, millbrook southampton, hampshire, SO15 0LP

Website

http://mikuni.co.jp

mikuni heating (uk) limited Estimated Valuation

£915.6k

Pomanda estimates the enterprise value of MIKUNI HEATING (UK) LIMITED at £915.6k based on a Turnover of £2.6m and 0.35x industry multiple (adjusted for size and gross margin).

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Mikuni Heating (uk) Limited is a live company located in millbrook southampton, SO15 0LP with a Companies House number of 04148231. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in January 2001, it's largest shareholder is stephen armstrong elliott with a 100% stake. Mikuni Heating (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.

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Pomanda's financial health check has awarded Mikuni Heating (Uk) Limited a 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 Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2.6m, make it larger than the average company (£767.2k)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (6.5%)

EXPORT

Mikuni Heating (Uk) Limited's latest turnover from August 2023 is estimated at £2.6 million and the company has net assets of £331.7 thousand. According to their latest financial statements, Mikuni Heating (Uk) Limited has 4 employees and maintains cash reserves of £110.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,589,811	2,070,002	2,063,399	1,336,818	429,963	1,747,556	1,910,958	1,422,452	2,108,555	1,126,507	1,330,324	1,665,216	1,535,178	1,556,593
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,700,930	1,351,185	1,358,797	884,593	271,987	1,106,792	1,196,923	894,144	1,314,409	703,985	831,331	1,037,795	944,986	967,246
Gross Profit	888,881	718,817	704,602	452,225	157,976	640,765	714,035	528,308	794,146	422,522	498,993	627,421	590,192	589,347
Admin Expenses	739,355	607,833	553,822	429,409	193,221	669,601	689,644	539,350	789,168	398,625	484,483	631,602	610,060	546,371
Operating Profit	149,526	110,984	150,780	22,816	-35,245	-28,836	24,391	-11,042	4,978	23,897	14,510	-4,181	-19,868	42,976
Interest Payable	3,959	4,011	4,147	3,372	1,492	1,110	1,866	1,065	1,726	3,827	4,551	5,182	2,731	0
Interest Receivable	3,569	338	11	9	32	2	1	24	24	1	3	9	6	0
Pre-Tax Profit	149,136	107,311	146,644	19,453	-36,705	-29,944	22,526	-12,083	3,277	20,071	9,962	-9,354	-22,593	42,976
Tax	-37,284	-20,389	-27,862	-3,696	0	0	-4,505	0	-688	-4,616	-2,391	0	0	-12,033
Profit After Tax	111,852	86,922	118,782	15,757	-36,705	-29,944	18,021	-12,083	2,589	15,455	7,571	-9,354	-22,593	30,943
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	111,852	86,922	118,782	15,757	-36,705	-29,944	18,021	-12,083	2,589	15,455	7,571	-9,354	-22,593	30,943
Employee Costs	124,700	90,499	89,619	138,467	154,744	154,217	148,502	118,621	297,157	174,548	203,540	221,583	221,963	256,723
Number Of Employees	4	3	3	5	5	5	5	4	10	6	7	8	8	9
EBITDA*	170,986	121,354	166,067	51,278	-13,224	-7,354	42,857	5,567	21,131	37,798	28,999	12,833	-973	63,210

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	50,009	11,980	20,713	28,101	38,972	46,006	63,995	22,533	35,746	50,519	38,117	29,127	11,360	30,255
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	0	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	50,109	12,080	20,813	28,101	38,972	46,006	63,995	22,533	35,746	50,519	38,117	29,127	11,360	30,255
Stock & work in progress	254,645	224,299	186,688	25,452	28,302	42,290	55,617	58,504	95,700	114,560	134,266	139,538	165,289	152,133
Trade Debtors	480,729	452,439	473,894	286,939	0	363,530	362,633	199,603	226,197	109,714	128,680	154,411	144,683	139,589
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	49,494	25,331	232,266	436,835	122,000	104,328	111,694	0	0	0	0	0	0
Cash	110,172	25,802	12,806	9,543	8,121	355	312	307	9,467	324	167	954	2,480	58
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	845,546	752,034	698,719	554,200	473,258	528,175	522,890	370,108	331,364	224,598	263,113	294,903	312,452	291,780
total assets	895,655	764,114	719,532	582,301	512,230	574,181	586,885	392,641	367,110	275,117	301,230	324,030	323,812	322,035
Bank overdraft	0	0	0	0	9,313	7,235	26,921	19,959	0	12,448	11,556	10,726	10,061	0
Bank loan	10,087	11,971	21,263	11,294	0	0	0	0	0	0	0	0	0	0
Trade Creditors	29,010	40,252	43,399	11,425	39,930	81,770	73,470	89,019	271,615	145,933	180,815	205,308	197,024	249,782
Group/Directors Accounts	341,617	337,715	328,351	375,504	0	0	0	0	0	0	0	0	0	0
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	147,772	122,869	149,117	102,895	420,363	423,698	380,824	219,781	0	0	0	0	0	0
total current liabilities	528,486	512,807	542,130	501,118	469,606	512,703	481,215	328,759	271,615	158,381	192,371	216,034	207,085	249,782
loans	19,165	29,161	41,103	62,299	27,650	0	0	12,822	0	40,651	53,100	64,662	73,983	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	15,747	0	0	0	9,937	19,964	29,349	4,138	36,490	19,669	14,798	9,944	0	6,916
provisions	550	2,291	3,366	4,733	6,743	6,515	11,378	0	0	0	0	0	0	0
total long term liabilities	35,462	31,452	44,469	67,032	44,330	26,479	40,727	16,960	36,490	60,320	67,898	74,606	73,983	6,916
total liabilities	563,948	544,259	586,599	568,150	513,936	539,182	521,942	345,719	308,105	218,701	260,269	290,640	281,068	256,698
net assets	331,707	219,855	132,933	14,151	-1,706	34,999	64,943	46,922	59,005	56,416	40,961	33,390	42,744	65,337
total shareholders funds	331,707	219,855	132,933	14,151	-1,706	34,999	64,943	46,922	59,005	56,416	40,961	33,390	42,744	65,337

	Aug 2023	Aug 2022	Aug 2021	Aug 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	149,526	110,984	150,780	22,816	-35,245	-28,836	24,391	-11,042	4,978	23,897	14,510	-4,181	-19,868	42,976
Depreciation	21,460	10,370	15,287	28,462	22,021	21,482	18,466	16,609	16,153	13,901	14,489	17,014	18,895	20,234
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-37,284	-20,389	-27,862	-3,696	0	0	-4,505	0	-688	-4,616	-2,391	0	0	-12,033
Stock	30,346	37,611	161,236	-2,850	-13,988	-13,327	-2,887	-37,196	-18,860	-19,706	-5,272	-25,751	13,156	152,133
Debtors	-21,204	2,708	-19,980	82,370	-48,695	18,569	155,664	85,100	116,483	-18,966	-25,731	9,728	5,094	139,589
Creditors	-11,242	-3,147	31,974	-28,505	-41,840	8,300	-15,549	-182,596	125,682	-34,882	-24,493	8,284	-52,758	249,782
Accruals and Deferred Income	24,903	-26,248	46,222	-317,468	-3,335	42,874	161,043	219,781	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,741	-1,075	-1,367	-2,010	228	-4,863	11,378	0	0	0	0	0	0	0
Cash flow from operations	136,480	30,176	73,778	-379,921	4,512	33,715	42,447	-5,152	48,502	36,972	33,118	37,140	-71,981	9,237
Investing Activities
capital expenditure	-59,489	-1,637	-7,899	-17,591	-14,987	-3,493	-59,928	-3,396	-1,380	-26,303	-23,479	-34,781	0	-50,489
Change in Investments	0	0	100	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-59,489	-1,637	-7,999	-17,591	-14,987	-3,493	-59,928	-3,396	-1,380	-26,303	-23,479	-34,781	0	-50,489
Financing Activities
Bank loans	-1,884	-9,292	9,969	11,294	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	3,902	9,364	-47,153	375,504	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,996	-11,942	-21,196	34,649	27,650	0	-12,822	12,822	-40,651	-12,449	-11,562	-9,321	73,983	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	15,747	0	0	-9,937	-10,027	-9,385	25,211	-32,352	16,821	4,871	4,854	9,944	-6,916	6,916
share issue	0	0	0	100	0	0	0	0	0	0	0	0	0	34,394
interest	-390	-3,673	-4,136	-3,363	-1,460	-1,108	-1,865	-1,041	-1,702	-3,826	-4,548	-5,173	-2,725	0
cash flow from financing	7,379	-15,543	-62,516	408,247	16,163	-10,493	10,524	-20,571	-25,532	-11,404	-11,256	-4,550	64,342	41,310
cash and cash equivalents
cash	84,370	12,996	3,263	1,422	7,766	43	5	-9,160	9,143	157	-787	-1,526	2,422	58
overdraft	0	0	0	-9,313	2,078	-19,686	6,962	19,959	-12,448	892	830	665	10,061	0
change in cash	84,370	12,996	3,263	10,735	5,688	19,729	-6,957	-29,119	21,591	-735	-1,617	-2,191	-7,639	58

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 mikuni heating (uk) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SO15 area or any other competitors across 12 key performance metrics.

MIKUNI HEATING (UK) LIMITED group structure

Mikuni Heating (Uk) Limited has no subsidiary companies.

Ultimate parent company

MIKUNI HEATING (UK) LIMITED

04148231

MIKUNI HEATING (UK) LIMITED Shareholders

stephen armstrong elliott

100%

Mikuni Heating (Uk) Limited currently has 1 director, Mr Steven Elliott serving since Mar 2001.

officer	country	age	start	end	role
Mr Steven Elliott		64 years	Mar 2001	-	Director

P&L

August 2023

turnover

2.6m

+25%

operating profit

149.5k

gross margin

34.4%

-1.16%

turnover

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

Balance Sheet

August 2023

net assets

331.7k

+0.51%

total assets

895.7k

+0.17%

cash

110.2k

+3.27%

net assets

Total assets minus all liabilities

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company number

04148231

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

47990 - Other retail sale not in stores, stalls or markets

incorporation date

January 2001

ultimate parent company

None

previous names

weldshore limited (March 2001)

address

unit 6, second avenue business park, millbrook southampton, hampshire, SO15 0LP

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 1 charges/mortgages relating to mikuni heating (uk) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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mikuni heating (uk) limited Company Information

mikuni heating (uk) limited Estimated Valuation

mikuni heating (uk) limited Estimated Valuation

mikuni heating (uk) limited Estimated Valuation

Mikuni Heating (uk) Limited Overview

Mikuni Heating (uk) Limited Health Check

MIKUNI HEATING (UK) LIMITED financials

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mikuni heating (uk) limited Ownership

mikuni heating (uk) limited directors

mikuni heating (uk) limited company details

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mikuni heating (uk) limited Capital Raised & Share Issues BETA

mikuni heating (uk) limited Companies House Filings - See Documents