Midland Lift Services Limited

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midland lift services limited Company Information

Live

MatureSmallHigh

Company Number

04411093

Website

www.midlandliftservices.co.uk

Registered Address

unit 1 - suite 1, the old weaving mill, whitwick, leicestershire, LE67 5DH

Industry

Manufacture of lifting and handling equipment

Telephone

01530230555

Next Accounts Due

December 2024

Group Structure

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Directors

David Martin22 Years

Anthony Martin6 Years

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Shareholders

m l holdings coalville limited 60%

david william martin 40%

midland lift services limited Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of MIDLAND LIFT SERVICES LIMITED at £2.8m based on Net Assets of £1.3m and 2.14x industry multiple (adjusted for liquidity).

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Midland Lift Services Limited is a live company located in whitwick, LE67 5DH with a Companies House number of 04411093. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in April 2002, it's largest shareholder is m l holdings coalville limited with a 60% stake. Midland Lift Services 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 Midland Lift Services Limited 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

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (2.8%)

EXPORT

Midland Lift Services Limited's latest turnover from March 2023 is estimated at £2.6 million and the company has net assets of £1.3 million. According to their latest financial statements, Midland Lift Services Limited has 26 employees and maintains cash reserves of £330.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	2,587,396	1,716,418	1,421,081	1,544,629	1,426,132	905,758	720,366	490,421	579,107	889,289	759,163	1,262,791	496,407	780,244
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,821,290	1,162,790	996,892	1,068,947	995,301	622,761	501,086	337,561	406,329	617,368	520,064	844,390	339,420	528,627
Gross Profit	766,106	553,628	424,189	475,683	430,831	282,997	219,279	152,860	172,778	271,921	239,099	418,401	156,987	251,617
Admin Expenses	858,972	516,273	380,905	416,814	127,526	118,335	261,874	137,289	50,654	180,229	252,209	426,736	178,787	209,060
Operating Profit	-92,866	37,355	43,284	58,869	303,305	164,662	-42,595	15,571	122,124	91,692	-13,110	-8,335	-21,800	42,557
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,408	1,144	193	238	1,760	1,163	421	465	390	235	50	2	9	7
Pre-Tax Profit	-82,458	38,499	43,477	59,107	305,065	165,825	-42,174	16,036	122,514	91,927	-13,060	-8,333	-21,791	42,564
Tax	0	-7,315	-8,261	-11,230	-57,962	-31,507	0	-3,207	-25,728	-21,143	0	0	0	-11,918
Profit After Tax	-82,458	31,184	35,216	47,877	247,103	134,318	-42,174	12,829	96,786	70,784	-13,060	-8,333	-21,791	30,646
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-82,458	31,184	35,216	47,877	247,103	134,318	-42,174	12,829	96,786	70,784	-13,060	-8,333	-21,791	30,646
Employee Costs	1,210,650	834,873	751,110	669,753	606,153	430,382	428,053	345,912	156,324	230,281	189,727	325,874	140,310	198,149
Number Of Employees	26	19	18	16	15	11	11	9	4	6	5	9	4	6
EBITDA*	-12,116	80,461	74,322	97,245	326,250	177,273	-32,343	26,850	128,332	98,581	-2,628	6,398	-10,460	54,564

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	361,156	236,485	121,860	120,387	99,269	37,822	30,759	33,835	24,459	22,770	24,148	36,888	26,693	28,712
Intangible Assets	750,000	750,000	750,000	750,000	0	0	0	0	0	0	0	2,434	4,870	7,306
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	110,086	181,737	186,587	173,693	157,741	110,257	0
Total Fixed Assets	1,111,156	986,485	871,860	870,387	99,269	37,822	30,759	143,921	206,196	209,357	197,841	197,063	141,820	36,018
Stock & work in progress	13,350	131,632	98,879	182,299	151,490	48,138	19,758	24,445	1,655	1,065	17,895	1,423	32,689	0
Trade Debtors	538,149	337,493	281,930	335,806	359,499	212,514	124,080	33,295	90,851	158,598	117,162	284,258	74,818	118,653
Group Debtors	613,222	554,168	416,228	241,828	224,511	0	0	0	0	0	0	0	0	0
Misc Debtors	394,143	15,423	23,915	28,635	8,385	163,664	33,862	70,298	0	0	0	0	10,344	28,674
Cash	330,403	159,364	145,574	240,221	236,353	232,991	232,272	104,444	81,576	74,374	19,806	0	890	2,600
misc current assets	0	0	0	0	0	0	4,076	6,376	5,632	3,339	0	0	0	0
total current assets	1,889,267	1,198,080	966,526	1,028,789	980,238	657,307	414,048	238,858	179,714	237,376	154,863	285,681	118,741	149,927
total assets	3,000,423	2,184,565	1,838,386	1,899,176	1,079,507	695,129	444,807	382,779	385,910	446,733	352,704	482,744	260,561	185,945
Bank overdraft	0	0	0	0	0	0	0	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	301,022	167,893	104,202	78,848	34,316	8,157	24,303	39,616	227,102	356,237	319,912	443,663	221,093	125,038
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	49,713	12,212	14,921	14,916	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,185,556	558,950	300,181	475,378	521,637	421,131	290,259	169,429	0	0	0	0	0	0
total current liabilities	1,536,291	739,055	419,304	569,142	555,953	429,288	314,562	209,045	227,102	356,237	319,912	443,663	221,093	125,038
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	89,766	13,023	6,438	9,323	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	29,167	39,167	50,000	0	0	0	0	0	0	31,000	44,190	34,623	25,253	30,259
provisions	56,172	21,835	22,343	15,626	16,346	5,834	4,556	5,871	3,774	1,248	1,138	3,934	5,358	0
total long term liabilities	175,105	74,025	78,781	24,949	16,346	5,834	4,556	5,871	3,774	32,248	45,328	38,557	30,611	30,259
total liabilities	1,711,396	813,080	498,085	594,091	572,299	435,122	319,118	214,916	230,876	388,485	365,240	482,220	251,704	155,297
net assets	1,289,027	1,371,485	1,340,301	1,305,085	507,208	260,007	125,689	167,863	155,034	58,248	-12,536	524	8,857	30,648
total shareholders funds	1,289,027	1,371,485	1,340,301	1,305,085	507,208	260,007	125,689	167,863	155,034	58,248	-12,536	524	8,857	30,648

	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	-92,866	37,355	43,284	58,869	303,305	164,662	-42,595	15,571	122,124	91,692	-13,110	-8,335	-21,800	42,557
Depreciation	80,750	43,106	31,038	38,376	22,945	12,611	10,252	11,279	6,208	6,889	8,048	12,297	8,904	9,571
Amortisation	0	0	0	0	0	0	0	0	0	0	2,434	2,436	2,436	2,436
Tax	0	-7,315	-8,261	-11,230	-57,962	-31,507	0	-3,207	-25,728	-21,143	0	0	0	-11,918
Stock	-118,282	32,753	-83,420	30,809	103,352	28,380	-4,687	22,790	590	-16,830	16,472	-31,266	32,689	0
Debtors	638,430	185,011	115,804	13,874	216,217	218,236	-55,737	-58,909	-72,597	54,330	-151,144	246,580	48,092	147,327
Creditors	133,129	63,691	25,354	44,532	26,159	-16,146	-15,313	-187,486	-129,135	36,325	-123,751	222,570	96,055	125,038
Accruals and Deferred Income	626,606	258,769	-175,197	-46,259	100,506	130,872	120,830	169,429	0	0	0	0	0	0
Deferred Taxes & Provisions	34,337	-508	6,717	-720	10,512	1,278	-1,315	2,097	2,526	110	-2,796	-1,424	5,358	0
Cash flow from operations	261,808	177,334	-109,449	38,885	85,896	15,154	132,283	43,802	48,002	76,373	5,497	12,230	10,172	20,357
Investing Activities
capital expenditure	-205,421	-157,731	-32,511	-809,494	-84,392	-19,674	-7,176	-20,655	-7,897	-5,511	4,692	-22,492	-6,885	-48,025
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-205,421	-157,731	-32,511	-809,494	-84,392	-19,674	-7,176	-20,655	-7,897	-5,511	4,692	-22,492	-6,885	-48,025
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	114,244	3,876	-2,880	24,239	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,000	-10,833	50,000	0	0	0	0	0	-31,000	-13,190	9,567	9,370	-5,006	30,259
share issue	0	0	0	750,000	98	0	0	0	0	0	0	0	0	2
interest	10,408	1,144	193	238	1,760	1,163	421	465	390	235	50	2	9	7
cash flow from financing	114,652	-5,813	47,313	774,477	1,858	1,163	421	465	-30,610	-12,955	9,617	9,372	-4,997	30,268
cash and cash equivalents
cash	171,039	13,790	-94,647	3,868	3,362	719	127,828	22,868	7,202	54,568	19,806	-890	-1,710	2,600
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	171,039	13,790	-94,647	3,868	3,362	719	127,828	22,868	7,202	54,568	19,806	-890	-1,710	2,600

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDLAND LIFT SERVICES LIMITED group structure

Midland Lift Services Limited has no subsidiary companies.

Ultimate parent company

MIDLAND LIFT SERVICES LIMITED

04411093

MIDLAND LIFT SERVICES LIMITED Shareholders

m l holdings coalville limited	60%
david william martin	40%

Midland Lift Services Limited currently has 4 directors. The longest serving directors include Mr David Martin (Apr 2002) and Mr Anthony Martin (Dec 2017).

officer	country	age	start	end	role
Mr David Martin	England	65 years	Apr 2002	-	Director
Mr Anthony Martin	England	41 years	Dec 2017	-	Director
Mr Mark Bradley	United Kingdom	56 years	Sep 2022	-	Director
Mr James Halford	United Kingdom	39 years	Jul 2023	-	Director

P&L

March 2023

turnover

2.6m

+51%

operating profit

-92.9k

gross margin

29.7%

-8.2%

turnover

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

Balance Sheet

March 2023

net assets

1.3m

-0.06%

total assets

+0.37%

cash

330.4k

+1.07%

net assets

Total assets minus all liabilities

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company number

04411093

Type

Private limited with Share Capital

industry

28220 - Manufacture of lifting and handling equipment

incorporation date

April 2002

ultimate parent company

None

previous names

N/A

address

unit 1 - suite 1, the old weaving mill, whitwick, leicestershire, LE67 5DH

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 midland lift services limited. Currently there are 1 open charges and 0 have been satisfied in the past.

midland lift services limited Company Information

midland lift services limited Estimated Valuation

midland lift services limited Estimated Valuation

midland lift services limited Estimated Valuation

Midland Lift Services Limited Overview

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MIDLAND LIFT SERVICES LIMITED financials

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