Mjd Air Conditioning Services Limited

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mjd air conditioning services limited Company Information

Live

MatureSmallHigh

Company Number

04280292

Website

www.mjdaircon.co.uk

Registered Address

16 bedford road, lower stondon, bedfordshire, SG16 6EA

Industry

Steam and air conditioning supply

Telephone

01462815756

Next Accounts Due

June 2024

Group Structure

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Directors

Matthew Dennis22 Years

Michael Dennis22 Years

Shareholders

matthew james dennis 36%

karen jane dennis 34%

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mjd air conditioning services limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of MJD AIR CONDITIONING SERVICES LIMITED at £1.8m based on a Turnover of £1.2m and 1.5x industry multiple (adjusted for size and gross margin).

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Mjd Air Conditioning Services Limited is a live company located in bedfordshire, SG16 6EA with a Companies House number of 04280292. It operates in the steam and air conditioning supply sector, SIC Code 35300. Founded in September 2001, it's largest shareholder is matthew james dennis with a 36% stake. Mjd Air Conditioning Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.

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Pomanda's financial health check has awarded Mjd Air Conditioning Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

5 Regular

1 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (4.4%)

EXPORT

Mjd Air Conditioning Services Limited's latest turnover from September 2022 is estimated at £1.2 million and the company has net assets of £395.7 thousand. According to their latest financial statements, Mjd Air Conditioning Services Limited has 9 employees and maintains cash reserves of £299.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,215,494	920,057	766,849	671,778	778,621	507,796	706,896	961,795	469,225	588,598	624,925	555,497	383,131	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	895,433	667,306	586,156	483,093	587,158	336,932	462,815	696,872	274,370	338,661	358,224	341,304	257,349	0
Gross Profit	320,061	252,751	180,693	188,685	191,463	170,864	244,080	264,923	194,854	249,937	266,701	214,193	125,782	0
Admin Expenses	228,321	214,977	114,986	133,669	186,578	85,081	295,790	201,551	150,798	278,784	326,320	207,590	148,198	-226,536
Operating Profit	91,740	37,774	65,707	55,016	4,885	85,783	-51,710	63,372	44,056	-28,847	-59,619	6,603	-22,416	226,536
Interest Payable	3,023	2,830	3,413	4,401	5,002	6,043	5,276	4,819	6,324	6,780	7,304	7,815	8,366	4,331
Interest Receivable	4,199	100	143	808	595	173	138	378	448	405	450	647	701	352
Pre-Tax Profit	92,916	35,044	62,437	51,423	478	79,912	-56,848	58,931	38,180	-35,222	-66,473	-565	-30,081	222,557
Tax	-17,654	-6,658	-11,863	-9,770	-91	-15,183	0	-11,786	-8,018	0	0	0	0	-62,316
Profit After Tax	75,262	28,386	50,574	41,653	387	64,729	-56,848	47,145	30,162	-35,222	-66,473	-565	-30,081	160,241
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	75,262	28,386	50,574	41,653	387	64,729	-56,848	47,145	30,162	-35,222	-66,473	-565	-30,081	160,241
Employee Costs	309,018	244,645	274,881	394,241	238,311	244,824	304,948	159,868	82,272	129,088	139,466	125,837	72,896	0
Number Of Employees	9	8	8	9	8	7	7	4	2	3	3	3	2	0
EBITDA*	110,462	43,046	69,917	59,802	9,636	93,009	-40,401	76,713	53,859	-18,020	-52,034	15,494	-14,778	234,621

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	113,536	64,726	64,744	68,954	73,740	79,360	82,379	184,088	183,614	190,859	184,604	191,287	190,783	196,336
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	135,000	135,000	135,000	135,000	135,000	135,000	128,571	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	248,536	199,726	199,744	203,954	208,740	214,360	210,950	184,088	183,614	190,859	184,604	191,287	190,783	196,336
Stock & work in progress	2,500	3,000	7,000	2,000	2,000	2,000	2,000	0	0	0	0	0	0	0
Trade Debtors	249,784	241,690	147,136	102,938	151,700	93,087	91,744	124,943	85,754	73,653	105,461	104,675	80,295	88,676
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,629	33,868	18,496	4,789	5,798	3,496	10,019	9,828	0	0	0	0	0	0
Cash	299,878	73,374	126,501	158,606	56,965	101,621	36,928	73,461	77,556	101,480	60,362	119,555	139,407	140,956
misc current assets	0	1,653	1,653	0	1,653	1,653	1,653	920	920	920	928	928	928	936
total current assets	556,791	353,585	300,786	269,986	218,116	201,857	142,344	209,152	164,230	176,053	166,751	225,158	220,630	230,568
total assets	805,327	553,311	500,530	473,940	426,856	416,217	353,294	393,240	347,844	366,912	351,355	416,445	411,413	426,904
Bank overdraft	9,780	9,500	9,500	9,200	9,144	8,484	35,734	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	210,890	102,775	70,623	79,314	76,032	58,011	62,862	119,741	114,901	154,522	106,503	95,085	83,793	60,056
Group/Directors Accounts	0	0	0	0	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	6,530	0	0	0	0	0	3,438	0	0	0	0	0	0	0
other current liabilities	102,731	84,982	82,635	88,036	76,203	74,814	39,016	0	0	0	0	0	0	0
total current liabilities	329,931	197,257	162,758	176,550	161,379	141,309	141,050	119,741	114,901	154,522	106,503	95,085	83,793	60,056
loans	21,978	32,038	41,741	51,451	60,599	69,984	79,189	53,907	94,360	100,219	108,397	116,346	124,127	133,274
hp & lease commitments	43,379	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	37,373	7,188	10,938	0	2,086	0	0
provisions	14,298	3,537	3,938	4,420	5,012	5,445	3,641	3,679	0	0	0	0	0	0
total long term liabilities	79,655	35,575	45,679	55,871	65,611	75,429	82,830	94,959	101,548	111,157	108,397	118,432	124,127	133,274
total liabilities	409,586	232,832	208,437	232,421	226,990	216,738	223,880	214,700	216,449	265,679	214,900	213,517	207,920	193,330
net assets	395,741	320,479	292,093	241,519	199,866	199,479	129,414	178,540	131,395	101,233	136,455	202,928	203,493	233,574
total shareholders funds	395,741	320,479	292,093	241,519	199,866	199,479	129,414	178,540	131,395	101,233	136,455	202,928	203,493	233,574

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	91,740	37,774	65,707	55,016	4,885	85,783	-51,710	63,372	44,056	-28,847	-59,619	6,603	-22,416	226,536
Depreciation	18,722	5,272	4,210	4,786	4,751	7,226	11,309	13,341	9,803	10,827	7,585	8,891	7,638	8,085
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-17,654	-6,658	-11,863	-9,770	-91	-15,183	0	-11,786	-8,018	0	0	0	0	-62,316
Stock	-500	-4,000	5,000	0	0	0	2,000	0	0	0	0	0	0	0
Debtors	-21,145	109,926	57,905	-49,771	60,915	-5,180	-33,008	49,017	12,101	-31,808	786	24,380	-8,381	88,676
Creditors	108,115	32,152	-8,691	3,282	18,021	-4,851	-56,879	4,840	-39,621	48,019	11,418	11,292	23,737	60,056
Accruals and Deferred Income	17,749	2,347	-5,401	11,833	1,389	35,798	39,016	0	0	0	0	0	0	0
Deferred Taxes & Provisions	10,761	-401	-482	-592	-433	1,804	-38	3,679	0	0	0	0	0	0
Cash flow from operations	251,078	-35,440	-19,425	114,326	-32,393	115,757	-27,294	24,429	-5,881	61,807	-41,402	2,406	17,340	143,685
Investing Activities
capital expenditure	-67,532	-5,254	0	0	869	-4,207	90,400	-13,815	-2,558	-17,082	-902	-9,395	-2,085	-204,421
Change in Investments	0	0	0	0	0	6,429	128,571	0	0	0	0	0	0	0
cash flow from investments	-67,532	-5,254	0	0	869	-10,636	-38,171	-13,815	-2,558	-17,082	-902	-9,395	-2,085	-204,421
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	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	-10,060	-9,703	-9,710	-9,148	-9,385	-9,205	25,282	-40,453	-5,859	-8,178	-7,949	-7,781	-9,147	133,274
Hire Purchase and Lease Commitments	49,909	0	0	0	0	-3,438	3,438	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-37,373	30,185	-3,750	10,938	-2,086	2,086	0	0
share issue	0	0	0	0	0	5,336	7,722	0	0	0	0	0	0	73,333
interest	1,176	-2,730	-3,270	-3,593	-4,407	-5,870	-5,138	-4,441	-5,876	-6,375	-6,854	-7,168	-7,665	-3,979
cash flow from financing	41,025	-12,433	-12,980	-12,741	-13,792	-13,177	-6,069	-14,709	-15,485	-3,615	-16,889	-12,863	-16,812	202,628
cash and cash equivalents
cash	226,504	-53,127	-32,105	101,641	-44,656	64,693	-36,533	-4,095	-23,924	41,118	-59,193	-19,852	-1,549	140,956
overdraft	280	0	300	56	660	-27,250	35,734	0	0	0	0	0	0	0
change in cash	226,224	-53,127	-32,405	101,585	-45,316	91,943	-72,267	-4,095	-23,924	41,118	-59,193	-19,852	-1,549	140,956

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MJD AIR CONDITIONING SERVICES LIMITED group structure

Mjd Air Conditioning Services Limited has no subsidiary companies.

Ultimate parent company

MJD AIR CONDITIONING SERVICES LIMITED

04280292

MJD AIR CONDITIONING SERVICES LIMITED Shareholders

matthew james dennis	36%
karen jane dennis	34%
pauline margaret dennis	20.5%
michael john dennis	9.5%

Mjd Air Conditioning Services Limited currently has 2 directors. The longest serving directors include Mr Matthew Dennis (Sep 2001) and Mr Michael Dennis (Sep 2001).

officer	country	age	start	end	role
Mr Matthew Dennis	England	54 years	Sep 2001	-	Director
Mr Michael Dennis	England	77 years	Sep 2001	-	Director

P&L

September 2022

turnover

1.2m

+32%

operating profit

91.7k

gross margin

26.4%

-4.15%

turnover

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

Balance Sheet

September 2022

net assets

395.7k

+0.23%

total assets

805.3k

+0.46%

cash

299.9k

+3.09%

net assets

Total assets minus all liabilities

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company number

04280292

Type

Private limited with Share Capital

industry

35300 - Steam and air conditioning supply

incorporation date

September 2001

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

16 bedford road, lower stondon, bedfordshire, SG16 6EA

last accounts submitted

September 2022

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 mjd air conditioning services limited. Currently there are 2 open charges and 0 have been satisfied in the past.

mjd air conditioning services limited Company Information

mjd air conditioning services limited Estimated Valuation

mjd air conditioning services limited Estimated Valuation

mjd air conditioning services limited Estimated Valuation

Mjd Air Conditioning Services Limited Overview

Mjd Air Conditioning Services Limited Health Check

MJD AIR CONDITIONING SERVICES LIMITED financials

mjd air conditioning services limited Credit Report and Business Information

Mjd Air Conditioning Services Limited Competitor Analysis

mjd air conditioning services limited Ownership

mjd air conditioning services limited directors

mjd air conditioning services limited company details

mjd air conditioning services limited Charges & Mortgages

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