midshire business systems (communications) limited
midshire business systems (communications) limited Company Information
Company Number
04351890
Next Accounts
338 days late
Shareholders
4com group limited
Group Structure
View All
Industry
Wired telecommunications activities
Registered Address
12 wellington place, leeds, LS1 4AP
Website
www.midshire.co.ukmidshire business systems (communications) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDSHIRE BUSINESS SYSTEMS (COMMUNICATIONS) LIMITED at £1.4m based on a Turnover of £2.1m and 0.69x industry multiple (adjusted for size and gross margin).
midshire business systems (communications) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDSHIRE BUSINESS SYSTEMS (COMMUNICATIONS) LIMITED at £0 based on an EBITDA of £-1.1m and a 2.44x industry multiple (adjusted for size and gross margin).
midshire business systems (communications) limited Estimated Valuation
Pomanda estimates the enterprise value of MIDSHIRE BUSINESS SYSTEMS (COMMUNICATIONS) LIMITED at £694k based on Net Assets of £252k and 2.75x industry multiple (adjusted for liquidity).
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Midshire Business Systems (communications) Limited Overview
Midshire Business Systems (communications) Limited is a live company located in leeds, LS1 4AP with a Companies House number of 04351890. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in January 2002, it's largest shareholder is 4com group limited with a 100% stake. Midshire Business Systems (communications) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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Midshire Business Systems (communications) Limited Health Check
Pomanda's financial health check has awarded Midshire Business Systems (Communications) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£3.8m)
- Midshire Business Systems (communications) Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (4.4%)
- Midshire Business Systems (communications) Limited
4.4% - Industry AVG
Production
with a gross margin of 21.3%, this company has a higher cost of product (40.9%)
- Midshire Business Systems (communications) Limited
40.9% - Industry AVG
Profitability
an operating margin of -54.1% make it less profitable than the average company (4.3%)
- Midshire Business Systems (communications) Limited
4.3% - Industry AVG
Employees
with 31 employees, this is below the industry average (41)
31 - Midshire Business Systems (communications) Limited
41 - Industry AVG
Pay Structure
on an average salary of £49.5k, the company has an equivalent pay structure (£49.5k)
- Midshire Business Systems (communications) Limited
£49.5k - Industry AVG
Efficiency
resulting in sales per employee of £68.2k, this is less efficient (£155.3k)
- Midshire Business Systems (communications) Limited
£155.3k - Industry AVG
Debtor Days
it gets paid by customers after 87 days, this is later than average (43 days)
- Midshire Business Systems (communications) Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (52 days)
- Midshire Business Systems (communications) Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 24 days, this is more than average (6 days)
- Midshire Business Systems (communications) Limited
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (13 weeks)
25 weeks - Midshire Business Systems (communications) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.8%, this is a higher level of debt than the average (65%)
80.8% - Midshire Business Systems (communications) Limited
65% - Industry AVG
MIDSHIRE BUSINESS SYSTEMS (COMMUNICATIONS) LIMITED financials
Midshire Business Systems (Communications) Limited's latest turnover from June 2022 is estimated at £2.1 million and the company has net assets of £252 thousand. According to their latest financial statements, Midshire Business Systems (Communications) Limited has 31 employees and maintains cash reserves of £515 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 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 | 5,540,710 | 5,001,076 | 5,003,745 | 4,902,791 | 4,102,617 | 4,095,612 | 3,670,074 | 3,282,667 | 2,988,577 | 2,753,316 | 2,809,308 | 2,938,725 | 2,714,245 | |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 2,653,557 | 2,514,489 | 2,546,562 | 2,371,198 | 2,135,576 | 2,115,575 | 1,954,251 | 1,856,482 | 1,617,191 | 1,622,397 | 1,717,839 | 1,791,604 | 1,771,307 | |
| Gross Profit | 2,887,153 | 2,486,587 | 2,457,183 | 2,531,593 | 1,967,041 | 1,980,037 | 1,715,823 | 1,426,185 | 1,371,386 | 1,130,919 | 1,091,469 | 1,147,121 | 942,938 | |
| Admin Expenses | 1,749,455 | 1,673,507 | 1,794,096 | 1,697,788 | 1,553,600 | 1,563,459 | 1,344,812 | 1,236,752 | 1,123,050 | 929,874 | 974,191 | 1,068,740 | 799,630 | |
| Operating Profit | 1,137,698 | 813,080 | 663,087 | 833,805 | 413,441 | 416,578 | 371,011 | 189,433 | 248,336 | 201,045 | 117,278 | 78,381 | 143,308 | |
| Interest Payable | 3,637 | 3,288 | 1,453 | 2,073 | 18,419 | 4,331 | 16,422 | 37,676 | 45,685 | 69,483 | 93,170 | 55,252 | 1,071 | |
| Interest Receivable | 66,393 | 4,038 | 847 | 5,821 | 2,199 | 2 | 1,740 | |||||||
| Pre-Tax Profit | 1,200,454 | 809,792 | 661,634 | 831,732 | 395,022 | 412,247 | 358,627 | 152,604 | 208,472 | 133,761 | 24,108 | 23,131 | 143,977 | |
| Tax | -78,188 | -107,047 | -45,683 | -122,610 | -55,393 | -84,718 | -51,098 | -15,493 | -19,753 | -29,950 | -7,846 | -7,586 | -29,235 | |
| Profit After Tax | 1,122,266 | 702,745 | 615,951 | 709,122 | 339,629 | 327,529 | 307,529 | 137,111 | 188,719 | 103,811 | 16,262 | 15,545 | 114,742 | |
| Dividends Paid | 733,517 | 426,000 | 441,600 | 453,879 | 129,767 | 247,910 | 776,000 | 80,000 | ||||||
| Retained Profit | 388,749 | 276,745 | 174,351 | 255,243 | 209,862 | 79,619 | -468,471 | 57,111 | 188,719 | 103,811 | 16,262 | 15,545 | 114,742 | |
| Employee Costs | 564,371 | 476,624 | 301,298 | 373,667 | 424,287 | 404,052 | ||||||||
| Number Of Employees | 31 | 34 | 36 | 36 | 33 | 33 | 31 | 23 | 17 | 14 | 12 | 10 | 12 | |
| EBITDA* | 1,180,355 | 859,967 | 707,507 | 889,066 | 480,640 | 482,964 | 442,091 | 554,643 | 602,813 | 549,645 | 163,027 | 127,843 | 179,546 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 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 | 86,000 | 131,700 | 144,441 | 137,704 | 171,012 | 207,753 | 206,398 | 221,760 | 196,248 | 164,167 | 146,658 | 138,258 | 149,574 | 110,111 |
| Intangible Assets | 300,000 | 600,000 | 900,000 | 1,200,000 | ||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 36,000 | |||||||||||||
| Total Fixed Assets | 122,000 | 131,700 | 144,441 | 137,704 | 171,012 | 207,753 | 206,398 | 221,760 | 196,248 | 464,167 | 746,658 | 1,038,258 | 1,349,574 | 110,111 |
| Stock & work in progress | 110,000 | 124,583 | 155,369 | 112,600 | 136,026 | 34,179 | 14,453 | 12,324 | 13,045 | 21,122 | 6,655 | 5,553 | 5,236 | 5,667 |
| Trade Debtors | 507,000 | 667,437 | 517,134 | 565,536 | 376,188 | 391,838 | 370,419 | 374,979 | 309,340 | 263,965 | 220,766 | 282,079 | 262,763 | 227,666 |
| Group Debtors | 90,497 | 2,099 | 4,069 | 3,437 | 52,313 | 58,775 | 41,564 | 2,200 | ||||||
| Misc Debtors | 59,000 | 49,038 | 55,256 | 44,419 | 3,637 | 2,546 | 30,950 | 487,790 | 26,106 | 3,075 | 3,019 | 1,052 | 11,765 | |
| Cash | 515,000 | 725,998 | 1,403,103 | 1,015,552 | 781,465 | 447,397 | 443,436 | 30 | 300,403 | 593,792 | 239,672 | 167,108 | 179,993 | 287,681 |
| misc current assets | 666,393 | |||||||||||||
| total current assets | 1,191,000 | 2,233,449 | 2,130,862 | 1,738,107 | 1,297,316 | 873,414 | 921,351 | 420,382 | 1,114,647 | 908,422 | 522,481 | 516,534 | 490,608 | 534,979 |
| total assets | 1,313,000 | 2,365,149 | 2,275,303 | 1,875,811 | 1,468,328 | 1,081,167 | 1,127,749 | 642,142 | 1,310,895 | 1,372,589 | 1,269,139 | 1,554,792 | 1,840,182 | 645,090 |
| Bank overdraft | 104,791 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 300,000 | 421,360 | 553,185 | 597,653 | 450,590 | 402,953 | 376,530 | 189,473 | 263,810 | 212,627 | 209,792 | 296,110 | 287,763 | 374,879 |
| Group/Directors Accounts | 36,353 | 22,178 | 12,531 | 146,440 | 83,400 | 17,407 | 9,397 | 5,899 | ||||||
| other short term finances | 354,635 | |||||||||||||
| hp & lease commitments | 6,529 | 41,232 | 28,306 | 16,243 | 63,186 | 65,016 | 75,940 | 38,221 | 29,944 | 46,066 | 44,453 | 4,232 | ||
| other current liabilities | 761,000 | 547,888 | 673,774 | 519,158 | 452,028 | 257,019 | 615,099 | 227,153 | 312,358 | 586,973 | 414,996 | 448,959 | 90,212 | 148,490 |
| total current liabilities | 1,061,000 | 975,777 | 1,268,191 | 1,145,117 | 918,861 | 759,511 | 1,013,807 | 598,964 | 798,548 | 921,221 | 654,732 | 808,542 | 786,460 | 533,500 |
| loans | ||||||||||||||
| hp & lease commitments | 6,529 | 18,541 | 19,259 | 15,441 | 3,117 | 2,853 | 26,587 | |||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 6,876 | 7,503 | 9,651 | 364,082 | 600,000 | 900,000 | ||||||||
| provisions | ||||||||||||||
| total long term liabilities | 6,529 | 6,876 | 7,503 | 9,651 | 18,541 | 19,259 | 15,441 | 367,199 | 602,853 | 926,587 | ||||
| total liabilities | 1,061,000 | 975,777 | 1,274,720 | 1,151,993 | 918,861 | 767,014 | 1,023,458 | 617,505 | 817,807 | 936,662 | 1,021,931 | 1,411,395 | 1,713,047 | 533,500 |
| net assets | 252,000 | 1,389,372 | 1,000,583 | 723,818 | 549,467 | 314,153 | 104,291 | 24,637 | 493,088 | 435,927 | 247,208 | 143,397 | 127,135 | 111,590 |
| total shareholders funds | 252,000 | 1,389,372 | 1,000,583 | 723,818 | 549,467 | 314,153 | 104,291 | 24,637 | 493,088 | 435,927 | 247,208 | 143,397 | 127,135 | 111,590 |
| Jun 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 | 1,137,698 | 813,080 | 663,087 | 833,805 | 413,441 | 416,578 | 371,011 | 189,433 | 248,336 | 201,045 | 117,278 | 78,381 | 143,308 | |
| Depreciation | 46,000 | 42,657 | 46,887 | 44,420 | 55,261 | 67,199 | 66,386 | 71,080 | 65,210 | 54,477 | 48,600 | 45,749 | 49,462 | 36,238 |
| Amortisation | 300,000 | 300,000 | 300,000 | |||||||||||
| Tax | -78,188 | -107,047 | -45,683 | -122,610 | -55,393 | -84,718 | -51,098 | -15,493 | -19,753 | -29,950 | -7,846 | -7,586 | -29,235 | |
| Stock | -14,583 | -30,786 | 42,769 | -23,426 | 101,847 | 19,726 | 2,129 | -721 | -8,077 | 14,467 | 1,102 | 317 | -431 | 5,667 |
| Debtors | -114,475 | 144,085 | -37,565 | 230,130 | -12,013 | -71,624 | 55,434 | -393,171 | 507,691 | 17,354 | -67,719 | 38,494 | 63,748 | 241,631 |
| Creditors | -121,360 | -131,825 | -44,468 | 147,063 | 47,637 | 26,423 | 187,057 | -74,337 | 51,183 | 2,835 | -86,318 | 8,347 | -87,116 | 374,879 |
| Accruals and Deferred Income | 213,112 | -125,886 | 154,616 | 67,130 | 195,009 | -358,080 | 387,946 | -85,205 | -274,615 | 171,977 | -33,963 | 358,747 | -58,278 | 148,490 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | 731,157 | 857,864 | 669,313 | 919,268 | 145,488 | 915,686 | 625,343 | -183,896 | 726,051 | 466,031 | 483,464 | -88,454 | 426,382 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -36,353 | 14,175 | 9,647 | -133,909 | 63,040 | 83,400 | -17,407 | 8,010 | 3,498 | 5,899 | ||||
| Other Short Term Loans | -354,635 | 354,635 | ||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | -6,529 | -41,232 | 19,455 | 12,063 | -46,943 | 63,186 | -83,557 | -11,642 | 41,537 | 20,601 | -15,858 | -22,121 | 66,808 | 4,232 |
| other long term liabilities | -6,876 | 6,876 | -7,503 | -2,148 | 9,651 | -364,082 | -235,918 | -300,000 | 900,000 | |||||
| share issue | ||||||||||||||
| interest | 62,756 | -3,288 | -1,453 | -2,073 | -18,419 | -4,331 | -12,384 | -36,829 | -39,864 | -67,284 | -93,170 | -55,250 | 669 | |
| cash flow from financing | 21,564 | 9,311 | 17,486 | -112,801 | 56,794 | -68,555 | -157,915 | 67,798 | -299,945 | -336,467 | -761,916 | 1,269,691 | 7,648 | |
| cash and cash equivalents | ||||||||||||||
| cash | -210,998 | -677,105 | 387,551 | 234,087 | 334,068 | 3,961 | 443,406 | -300,373 | -293,389 | 354,120 | 72,564 | -12,885 | -107,688 | 287,681 |
| overdraft | -104,791 | 104,791 | ||||||||||||
| change in cash | -210,998 | -677,105 | 387,551 | 234,087 | 334,068 | 3,961 | 548,197 | -405,164 | -293,389 | 354,120 | 72,564 | -12,885 | -107,688 | 287,681 |
midshire business systems (communications) limited Credit Report and Business Information
Midshire Business Systems (communications) Limited Competitor Analysis
Perform a competitor analysis for midshire business systems (communications) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in LS1 area or any other competitors across 12 key performance metrics.
midshire business systems (communications) limited Ownership
MIDSHIRE BUSINESS SYSTEMS (COMMUNICATIONS) LIMITED group structure
Midshire Business Systems (Communications) Limited has no subsidiary companies.
Ultimate parent company
2 parents
MIDSHIRE BUSINESS SYSTEMS (COMMUNICATIONS) LIMITED
04351890
midshire business systems (communications) limited directors
Midshire Business Systems (Communications) Limited currently has 4 directors. The longest serving directors include Mr Gary Scutt (May 2022) and Mr Daron Hutt (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Scutt | 49 years | May 2022 | - | Director | |
| Mr Daron Hutt | 62 years | May 2022 | - | Director | |
| Mr Andrew Whittaker | 57 years | May 2022 | - | Director | |
| Mr Dean Cartledge | 53 years | May 2022 | - | Director |
P&L
June 2022turnover
2.1m
-62%
operating profit
-1.1m
0%
gross margin
21.4%
-59.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2022net assets
252k
-0.82%
total assets
1.3m
-0.44%
cash
515k
-0.29%
net assets
Total assets minus all liabilities
midshire business systems (communications) limited company details
company number
04351890
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
incorporation date
January 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2022
previous names
N/A
accountant
-
auditor
-
address
12 wellington place, leeds, LS1 4AP
Bank
HSBC BANK PLC
Legal Advisor
-
midshire business systems (communications) 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 midshire business systems (communications) limited. Currently there are 0 open charges and 3 have been satisfied in the past.
midshire business systems (communications) 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.
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midshire business systems (communications) limited Companies House Filings - See Documents
| date | description | view/download |
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