Pomanda estimates the enterprise value of MITER INDUSTRIAL SUPPLIES LTD at £441.6k based on a Turnover of £1.8m and 0.24x industry multiple (adjusted for size and gross margin).
miter industrial supplies ltdEstimated Valuation
£521.6k
Pomanda estimates the enterprise value of MITER INDUSTRIAL SUPPLIES LTD at £521.6k based on an EBITDA of £178.9k and a 2.92x industry multiple (adjusted for size and gross margin).
miter industrial supplies ltdEstimated Valuation
£1.6m
Pomanda estimates the enterprise value of MITER INDUSTRIAL SUPPLIES LTD at £1.6m based on Net Assets of £618.5k and 2.64x industry multiple (adjusted for liquidity).
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Miter Industrial Supplies LtdOverview
Miter Industrial Supplies Ltd is a live company located in newport, NP20 2NN with a Companies House number of 04266392. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in August 2001, it's largest shareholder is
julian winfield
with a 49% stake. Miter Industrial Supplies Ltd is a mature,
small sized company, Pomanda has estimated its turnover at
£1.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Miter Industrial Supplies Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£15m)
£1.8m - Miter Industrial Supplies Ltd
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.9%)
26% - Miter Industrial Supplies Ltd
5.9% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (27.3%)
18.3% - Miter Industrial Supplies Ltd
27.3% - Industry AVG
Profitability
an operating margin of 9.3% make it more profitable than the average company (5.4%)
9.3% - Miter Industrial Supplies Ltd
5.4% - Industry AVG
Employees
with 5 employees, this is below the industry average (37)
5 - Miter Industrial Supplies Ltd
37 - Industry AVG
Pay Structure
on an average salary of £42.7k, the company has an equivalent pay structure (£42.7k)
£42.7k - Miter Industrial Supplies Ltd
£42.7k - Industry AVG
Efficiency
resulting in sales per employee of £363.5k, this is equally as efficient (£367.1k)
£363.5k - Miter Industrial Supplies Ltd
£367.1k - Industry AVG
Debtor Days
it gets paid by customers after 138 days, this is later than average (52 days)
138 days - Miter Industrial Supplies Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 87 days, this is slower than average (33 days)
87 days - Miter Industrial Supplies Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (77 days)
14 days - Miter Industrial Supplies Ltd
77 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 32 weeks, this is more cash available to meet short term requirements (15 weeks)
32 weeks - Miter Industrial Supplies Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.3%, this is a lower level of debt than the average (47.3%)
40.3% - Miter Industrial Supplies Ltd
47.3% - Industry AVG
MITER INDUSTRIAL SUPPLIES LTD financials
EXPORT
Miter Industrial Supplies Ltd's latest turnover from August 2023 is estimated at £1.8 million and the company has net assets of £618.5 thousand. According to their latest financial statements, Miter Industrial Supplies Ltd has 5 employees and maintains cash reserves of £225.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Turnover
1,817,277
1,699,353
1,154,894
919,029
778,199
832,011
886,019
751,635
746,530
1,051,655
671,658
532,615
608,784
553,795
Other Income Or Grants
Cost Of Sales
1,483,898
1,384,950
950,231
753,705
637,464
686,005
718,575
610,638
609,325
867,219
551,599
436,183
498,271
451,637
Gross Profit
333,379
314,403
204,663
165,324
140,736
146,006
167,444
140,997
137,205
184,436
120,059
96,432
110,513
102,158
Admin Expenses
164,703
177,379
205,515
102,240
49,603
81,463
121,330
69,278
74,099
152,014
119,917
87,412
115,114
97,902
-27,768
Operating Profit
168,676
137,024
-852
63,084
91,133
64,543
46,114
71,719
63,106
32,422
142
9,020
-4,601
4,256
27,768
Interest Payable
1,846
1,453
Interest Receivable
9,656
2,514
209
225
1,103
580
109
63
2
11
19
13
16
19
7
Pre-Tax Profit
178,332
137,691
-2,096
63,309
92,236
65,123
46,222
71,783
63,108
32,433
161
9,033
-4,585
4,275
27,775
Tax
-44,583
-26,161
-12,029
-17,525
-12,373
-8,782
-14,356
-12,621
-6,811
-37
-2,168
-1,197
-7,777
Profit After Tax
133,749
111,530
-2,096
51,280
74,711
52,750
37,440
57,426
50,486
25,622
124
6,865
-4,585
3,078
19,998
Dividends Paid
Retained Profit
133,749
111,530
-2,096
51,280
74,711
52,750
37,440
57,426
50,486
25,622
124
6,865
-4,585
3,078
19,998
Employee Costs
213,386
204,006
229,188
223,751
221,673
216,227
211,538
205,652
67,028
66,242
65,699
32,518
64,657
62,020
Number Of Employees
5
5
6
6
6
6
6
6
2
2
2
1
2
2
EBITDA*
178,864
139,636
1,685
65,070
93,078
66,565
48,206
73,565
63,106
32,422
5,921
17,455
7,381
15,858
44,338
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Tangible Assets
60,909
7,840
10,452
5,957
5,833
6,067
6,276
5,539
20,542
26,598
17,336
34,530
37,667
44,760
50,215
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
60,909
7,840
10,452
5,957
5,833
6,067
6,276
5,539
20,542
26,598
17,336
34,530
37,667
44,760
50,215
Stock & work in progress
59,720
63,500
52,000
70,280
82,744
73,248
64,780
64,872
55,500
81,000
84,585
68,585
59,555
46,000
Trade Debtors
690,382
659,495
456,309
248,045
212,064
234,741
278,010
204,955
229,742
254,442
170,661
125,164
164,301
142,685
144,079
Group Debtors
Misc Debtors
Cash
225,228
142,634
144,692
273,181
176,095
117,970
36,809
50,105
643
4,308
3,484
1,843
4,689
2,875
misc current assets
total current assets
975,330
865,629
653,001
591,506
470,903
425,959
379,599
319,932
285,885
254,442
255,969
213,233
234,729
206,929
192,954
total assets
1,036,239
873,469
663,453
597,463
476,736
432,026
385,875
325,471
306,427
281,040
273,305
247,763
272,396
251,689
243,169
Bank overdraft
10,648
Bank loan
Trade Creditors
357,554
359,549
132,801
222,188
152,741
182,742
189,341
166,357
197,588
213,823
239,632
197,125
231,590
211,252
189,171
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
108,191
total current liabilities
357,554
359,549
251,640
222,188
152,741
182,742
189,341
166,357
197,588
213,823
239,632
197,125
231,590
211,252
189,171
loans
37,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
45,000
27,433
7,151
16,115
8,093
25,182
20,019
15,084
31,687
provisions
15,227
1,778
1,634
2,196
2,177
2,213
total long term liabilities
60,227
29,211
38,634
7,151
16,115
8,093
25,182
22,215
17,261
33,900
total liabilities
417,781
388,760
290,274
222,188
152,741
182,742
189,341
166,357
204,739
229,938
247,725
222,307
253,805
228,513
223,071
net assets
618,458
484,709
373,179
375,275
323,995
249,284
196,534
159,114
101,688
51,102
25,580
25,456
18,591
23,176
20,098
total shareholders funds
618,458
484,709
373,179
375,275
323,995
249,284
196,534
159,114
101,688
51,102
25,580
25,456
18,591
23,176
20,098
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Operating Activities
Operating Profit
168,676
137,024
-852
63,084
91,133
64,543
46,114
71,719
63,106
32,422
142
9,020
-4,601
4,256
27,768
Depreciation
10,188
2,612
2,537
1,986
1,945
2,022
2,092
1,846
5,779
8,435
11,982
11,602
16,570
Amortisation
Tax
-44,583
-26,161
-12,029
-17,525
-12,373
-8,782
-14,356
-12,621
-6,811
-37
-2,168
-1,197
-7,777
Stock
-3,780
11,500
-18,280
-12,464
9,496
8,468
-92
9,372
55,500
-81,000
-3,585
16,000
9,030
13,555
46,000
Debtors
30,887
203,186
208,264
35,981
-22,677
-43,269
73,055
-24,787
-24,700
83,781
45,497
-39,137
21,616
-1,394
144,079
Creditors
-1,995
226,748
-89,387
69,447
-30,001
-6,599
22,984
-31,231
-16,235
-25,809
42,507
-34,465
20,338
22,081
189,171
Accruals and Deferred Income
-108,191
108,191
Deferred Taxes & Provisions
13,449
144
1,634
-2,196
19
-36
2,213
Cash flow from operations
118,628
17,490
-167,861
98,971
58,733
82,394
-10,555
43,393
3,450
-2,979
6,479
1,763
-2,908
24,545
37,866
Investing Activities
capital expenditure
-63,257
-7,032
-2,110
-1,711
-1,813
-2,829
13,157
6,056
-9,262
11,415
-5,298
-4,889
-6,147
-66,785
Change in Investments
cash flow from investments
-63,257
-7,032
-2,110
-1,711
-1,813
-2,829
13,157
6,056
-9,262
11,415
-5,298
-4,889
-6,147
-66,785
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-37,000
37,000
Hire Purchase and Lease Commitments
other long term liabilities
17,567
27,433
-7,151
-8,964
8,022
-17,089
5,163
4,935
-16,603
31,687
share issue
-20
100
-100
100
interest
9,656
668
-1,244
225
1,103
580
109
63
2
11
19
13
16
19
7
cash flow from financing
27,223
-8,899
35,756
225
1,103
580
89
-7,088
-8,862
7,933
-17,070
5,176
4,951
-16,584
31,794
cash and cash equivalents
cash
82,594
-2,058
-128,489
97,086
58,125
81,161
-13,296
49,462
643
-4,308
824
1,641
-2,846
1,814
2,875
overdraft
-10,648
10,648
change in cash
82,594
8,590
-139,137
97,086
58,125
81,161
-13,296
49,462
643
-4,308
824
1,641
-2,846
1,814
2,875
miter industrial supplies ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for miter industrial supplies ltd. Get real-time insights into miter industrial supplies ltd's credit score, group structure and payment trends.
Perform a competitor analysis for miter industrial supplies ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NP20 area or any other competitors across 12 key performance metrics.
miter industrial supplies ltd Ownership
MITER INDUSTRIAL SUPPLIES LTD group structure
Miter Industrial Supplies Ltd has no subsidiary companies.
Ultimate parent company
MITER INDUSTRIAL SUPPLIES LTD
04266392
MITER INDUSTRIAL SUPPLIES LTD Shareholders
The largest shareholders in Miter Industrial Supplies Ltd include Julian Winfield and Steven Davies.
julian winfield
49%
steven davies
49%
douglas ben sullivan
2%
miter industrial supplies ltd directors
Miter Industrial Supplies Ltd currently has 3 directors.
The longest serving directors include
Mr Julian Winfield (Aug 2001) and
Mr Steven Davies (Aug 2001).
unit 11 greenwich road, maesglas industrial estate, newport, south wales, NP20 2NN
Bank
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miter industrial supplies 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 1 charges/mortgages relating to miter industrial supplies ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
miter industrial supplies 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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miter industrial supplies ltdCompanies House Filings - See Documents
