mitchells electrical contracting ltd
mitchells electrical contracting ltd Company Information
Company Number
04403014
Next Accounts
Dec 2025
Shareholders
alfred joseph murray
pauline joyce murray
Group Structure
View All
Industry
Manufacture of fluid power equipment
Registered Address
58 high street, madeley, telford, TF7 5AT
Website
www.aga-repairs.commitchells electrical contracting ltd Estimated Valuation
Pomanda estimates the enterprise value of MITCHELLS ELECTRICAL CONTRACTING LTD at £1.3m based on a Turnover of £2.2m and 0.62x industry multiple (adjusted for size and gross margin).
mitchells electrical contracting ltd Estimated Valuation
Pomanda estimates the enterprise value of MITCHELLS ELECTRICAL CONTRACTING LTD at £85.5k based on an EBITDA of £20.5k and a 4.17x industry multiple (adjusted for size and gross margin).
mitchells electrical contracting ltd Estimated Valuation
Pomanda estimates the enterprise value of MITCHELLS ELECTRICAL CONTRACTING LTD at £1.5m based on Net Assets of £603k and 2.54x industry multiple (adjusted for liquidity).
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Mitchells Electrical Contracting Ltd Overview
Mitchells Electrical Contracting Ltd is a live company located in telford, TF7 5AT with a Companies House number of 04403014. It operates in the manufacture of fluid power equipment sector, SIC Code 28120. Founded in March 2002, it's largest shareholder is alfred joseph murray with a 60% stake. Mitchells Electrical Contracting Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.
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Mitchells Electrical Contracting Ltd Health Check
Pomanda's financial health check has awarded Mitchells Electrical Contracting Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£26.4m)
- Mitchells Electrical Contracting Ltd
£26.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8.8%)
- Mitchells Electrical Contracting Ltd
8.8% - Industry AVG
Production
with a gross margin of 18.6%, this company has a higher cost of product (32.2%)
- Mitchells Electrical Contracting Ltd
32.2% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (6.9%)
- Mitchells Electrical Contracting Ltd
6.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (118)
5 - Mitchells Electrical Contracting Ltd
118 - Industry AVG
Pay Structure
on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)
- Mitchells Electrical Contracting Ltd
£48.7k - Industry AVG
Efficiency
resulting in sales per employee of £430.8k, this is more efficient (£199.9k)
- Mitchells Electrical Contracting Ltd
£199.9k - Industry AVG
Debtor Days
it gets paid by customers after 147 days, this is later than average (64 days)
- Mitchells Electrical Contracting Ltd
64 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (51 days)
- Mitchells Electrical Contracting Ltd
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mitchells Electrical Contracting Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mitchells Electrical Contracting Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35%, this is a lower level of debt than the average (49.6%)
35% - Mitchells Electrical Contracting Ltd
49.6% - Industry AVG
MITCHELLS ELECTRICAL CONTRACTING LTD financials
Mitchells Electrical Contracting Ltd's latest turnover from March 2024 is estimated at £2.2 million and the company has net assets of £603 thousand. According to their latest financial statements, Mitchells Electrical Contracting Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 158,077 | 149,861 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -10,364 | -12,167 | |||||||||||||
| Tax | -2,387 | -1,108 | |||||||||||||
| Profit After Tax | -12,751 | -13,275 | |||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -12,751 | -13,275 | |||||||||||||
| Employee Costs | 24,710 | 33,201 | |||||||||||||
| Number Of Employees | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 57,980 | 57,341 | 59,259 | 85,089 | 97,278 | 57,182 | 78,391 | 90,714 | 113,199 | 13,726 | 22,412 | 29,435 | 23,092 | 29,377 | 29,211 |
| Intangible Assets | 122,500 | 140,000 | 157,500 | 175,000 | 192,500 | 210,000 | |||||||||
| Investments & Other | 100 | 100 | |||||||||||||
| Debtors (Due After 1 year) | 651,595 | 643,055 | 353,155 | 353,155 | |||||||||||
| Total Fixed Assets | 57,980 | 57,341 | 59,259 | 85,089 | 97,278 | 57,182 | 78,391 | 90,714 | 113,199 | 787,921 | 805,567 | 540,090 | 551,247 | 221,877 | 239,211 |
| Stock & work in progress | 99,550 | 73,823 | 76,189 | 43,613 | 36,020 | 35,580 | |||||||||
| Trade Debtors | 869,656 | 877,679 | 895,429 | 872,005 | 821,955 | 856,372 | 1,174,415 | 795,304 | 790,350 | 28,821 | 31,966 | 39,650 | 41,706 | 35,492 | 17,483 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,620 | 3,588 | 2,826 | ||||||||||||
| Cash | 32,857 | 65,681 | 41,502 | 73,037 | 52,022 | 30,566 | |||||||||
| misc current assets | 3,367 | 2,852 | 7,564 | 8,687 | |||||||||||
| total current assets | 869,656 | 877,679 | 898,049 | 875,593 | 824,781 | 859,739 | 1,177,267 | 802,868 | 799,037 | 161,228 | 171,470 | 157,341 | 158,356 | 123,534 | 83,629 |
| total assets | 927,636 | 935,020 | 957,308 | 960,682 | 922,059 | 916,921 | 1,255,658 | 893,582 | 912,236 | 949,149 | 977,037 | 697,431 | 709,603 | 345,411 | 322,840 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 296,815 | 309,087 | 339,580 | 312,951 | 306,098 | 310,136 | 654,386 | 287,318 | 305,067 | 21,138 | 23,232 | 20,274 | 39,834 | 33,983 | 23,346 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,915 | 3,915 | |||||||||||||
| total current liabilities | 300,730 | 313,002 | 339,580 | 312,951 | 306,098 | 310,136 | 654,386 | 287,318 | 305,067 | 21,138 | 23,232 | 20,274 | 39,834 | 33,983 | 23,346 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 1,200 | 1,800 | |||||||||||||
| other liabilities | 22,718 | 32,626 | 43,688 | 50,000 | 308,091 | 319,110 | 49,007 | 54,387 | 212,074 | 149,534 | |||||
| provisions | 1,500 | 1,500 | 3,000 | 3,500 | 2,500 | 4,000 | 4,000 | ||||||||
| total long term liabilities | 23,918 | 34,426 | 43,688 | 50,000 | 1,500 | 309,591 | 322,110 | 52,507 | 56,887 | 216,074 | 153,534 | ||||
| total liabilities | 324,648 | 347,428 | 383,268 | 362,951 | 306,098 | 310,136 | 654,386 | 287,318 | 306,567 | 330,729 | 345,342 | 72,781 | 96,721 | 250,057 | 176,880 |
| net assets | 602,988 | 587,592 | 574,040 | 597,731 | 615,961 | 606,785 | 601,272 | 606,264 | 605,669 | 618,420 | 631,695 | 624,650 | 612,882 | 95,354 | 145,960 |
| total shareholders funds | 602,988 | 587,592 | 574,040 | 597,731 | 615,961 | 606,785 | 601,272 | 606,264 | 605,669 | 618,420 | 631,695 | 624,650 | 612,882 | 95,354 | 145,960 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 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 | |||||||||||||||
| Depreciation | 23,127 | 8,686 | 9,933 | 9,365 | 6,285 | 6,288 | 5,630 | ||||||||
| Amortisation | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | 17,500 | |||||||||
| Tax | -2,387 | -1,108 | |||||||||||||
| Stock | -99,550 | 25,727 | -2,366 | 32,576 | 7,593 | 440 | 35,580 | ||||||||
| Debtors | -8,023 | -20,370 | 22,456 | 50,812 | -31,591 | -318,043 | 379,111 | 4,954 | 109,934 | 5,395 | 282,216 | -2,056 | 359,369 | 18,009 | 17,483 |
| Creditors | -12,272 | -30,493 | 26,629 | 6,853 | -4,038 | -344,250 | 367,068 | -17,749 | 283,929 | -2,094 | 2,958 | -19,560 | 5,851 | 10,637 | 23,346 |
| Accruals and Deferred Income | -600 | 5,715 | |||||||||||||
| Deferred Taxes & Provisions | -1,500 | -1,500 | -500 | 1,000 | -1,500 | 4,000 | |||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -100 | 100 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -9,908 | -11,062 | -6,312 | 50,000 | -308,091 | -11,019 | 270,103 | -5,380 | -157,687 | 62,540 | 149,534 | ||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -308,091 | -11,019 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -32,857 | -32,824 | 24,179 | -31,535 | 21,015 | 21,456 | 30,566 | ||||||||
| overdraft | |||||||||||||||
| change in cash | -32,857 | -32,824 | 24,179 | -31,535 | 21,015 | 21,456 | 30,566 |
mitchells electrical contracting ltd Credit Report and Business Information
Mitchells Electrical Contracting Ltd Competitor Analysis
Perform a competitor analysis for mitchells electrical contracting ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in TF7 area or any other competitors across 12 key performance metrics.
mitchells electrical contracting ltd Ownership
MITCHELLS ELECTRICAL CONTRACTING LTD group structure
Mitchells Electrical Contracting Ltd has 2 subsidiary companies.
Ultimate parent company
MITCHELLS ELECTRICAL CONTRACTING LTD
04403014
2 subsidiaries
mitchells electrical contracting ltd directors
Mitchells Electrical Contracting Ltd currently has 2 directors. The longest serving directors include Ms Pauline Murray (Mar 2002) and Mr Alfred Murray (Mar 2002).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Pauline Murray | 76 years | Mar 2002 | - | Director | |
| Mr Alfred Murray | United Kingdom | 82 years | Mar 2002 | - | Director |
P&L
March 2024turnover
2.2m
+13%
operating profit
20.5k
0%
gross margin
18.6%
+57.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
603k
+0.03%
total assets
927.6k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
mitchells electrical contracting ltd company details
company number
04403014
Type
Private limited with Share Capital
industry
28120 - Manufacture of fluid power equipment
incorporation date
March 2002
age
23
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
58 high street, madeley, telford, TF7 5AT
Bank
-
Legal Advisor
-
mitchells electrical contracting 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 did not find charges/mortgages relating to mitchells electrical contracting ltd.
mitchells electrical contracting 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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mitchells electrical contracting ltd Companies House Filings - See Documents
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