mincost ltd Company Information
Company Number
04443825
Website
www.mincost.co.ukRegistered Address
unit 2a lighthouse trade park, church road, lydney, GL15 5EN
Industry
Other retail sale in non-specialised stores
Telephone
01594841014
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
david harrison 45%
christopher harrison 45%
View Allmincost ltd Estimated Valuation
Pomanda estimates the enterprise value of MINCOST LTD at £164k based on a Turnover of £435.3k and 0.38x industry multiple (adjusted for size and gross margin).
mincost ltd Estimated Valuation
Pomanda estimates the enterprise value of MINCOST LTD at £0 based on an EBITDA of £-15.5k and a 4.31x industry multiple (adjusted for size and gross margin).
mincost ltd Estimated Valuation
Pomanda estimates the enterprise value of MINCOST LTD at £855.6k based on Net Assets of £238.3k and 3.59x industry multiple (adjusted for liquidity).
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Mincost Ltd Overview
Mincost Ltd is a live company located in lydney, GL15 5EN with a Companies House number of 04443825. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in May 2002, it's largest shareholder is david harrison with a 45% stake. Mincost Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £435.3k with healthy growth in recent years.
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Mincost Ltd Health Check
Pomanda's financial health check has awarded Mincost Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £435.3k, make it smaller than the average company (£1m)
- Mincost Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-0.4%)
- Mincost Ltd
-0.4% - Industry AVG
Production
with a gross margin of 41.8%, this company has a comparable cost of product (41.8%)
- Mincost Ltd
41.8% - Industry AVG
Profitability
an operating margin of -11.5% make it less profitable than the average company (6.7%)
- Mincost Ltd
6.7% - Industry AVG
Employees
with 6 employees, this is below the industry average (29)
6 - Mincost Ltd
29 - Industry AVG
Pay Structure
on an average salary of £18.9k, the company has an equivalent pay structure (£18.9k)
- Mincost Ltd
£18.9k - Industry AVG
Efficiency
resulting in sales per employee of £72.6k, this is less efficient (£89k)
- Mincost Ltd
£89k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is later than average (9 days)
- Mincost Ltd
9 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (40 days)
- Mincost Ltd
40 days - Industry AVG
Stock Days
it holds stock equivalent to 314 days, this is more than average (95 days)
- Mincost Ltd
95 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (27 weeks)
11 weeks - Mincost Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.9%, this is a lower level of debt than the average (68.6%)
49.9% - Mincost Ltd
68.6% - Industry AVG
mincost ltd Credit Report and Business Information
Mincost Ltd Competitor Analysis
Perform a competitor analysis for mincost ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mincost ltd Ownership
MINCOST LTD group structure
Mincost Ltd has no subsidiary companies.
Ultimate parent company
MINCOST LTD
04443825
mincost ltd directors
Mincost Ltd currently has 2 directors. The longest serving directors include Mr David Harrison (Aug 2002) and Mr Christopher Harrison (May 2018).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Harrison | England | 63 years | Aug 2002 | - | Director |
Mr Christopher Harrison | United Kingdom | 35 years | May 2018 | - | Director |
MINCOST LTD financials
Mincost Ltd's latest turnover from September 2022 is estimated at £435.3 thousand and the company has net assets of £238.3 thousand. According to their latest financial statements, Mincost Ltd has 6 employees and maintains cash reserves of £42.9 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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 6 | 6 | 6 | 6 | 8 | |||||||||
EBITDA* |
* 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 | 28,506 | 31,971 | 38,931 | 47,156 | 25,298 | 28,951 | 17,996 | 22,752 | 29,236 | 19,692 | 13,602 | 26,239 | 33,030 | 24,230 |
Intangible Assets | 166,421 | 194,158 | 221,894 | 249,631 | 277,368 | 277,368 | 277,368 | 277,368 | 277,368 | 277,368 | 277,368 | 277,368 | 277,368 | 277,368 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 194,927 | 226,129 | 260,825 | 296,787 | 302,666 | 306,319 | 295,364 | 300,120 | 306,604 | 297,060 | 290,970 | 303,607 | 310,398 | 301,598 |
Stock & work in progress | 218,279 | 219,657 | 214,118 | 242,862 | 247,596 | 287,703 | 277,676 | 256,569 | 268,692 | 246,458 | 231,713 | 203,896 | 214,984 | 198,770 |
Trade Debtors | 13,867 | 6,721 | 6,691 | 8,748 | 4,007 | 8,791 | 6,539 | 14,818 | 6,429 | 5,224 | 3,538 | 7,665 | 4,949 | 15,346 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 6,071 | 5,042 | 5,618 | 4,581 | 7,680 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 42,869 | 72,304 | 119,440 | 106,805 | 148,011 | 114,080 | 79,046 | 81,780 | 80,442 | 92,952 | 61,898 | 84,432 | 83,736 | 120,600 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 281,086 | 303,724 | 345,867 | 362,996 | 407,294 | 410,574 | 363,261 | 353,167 | 355,563 | 344,634 | 297,149 | 295,993 | 303,669 | 334,716 |
total assets | 476,013 | 529,853 | 606,692 | 659,783 | 709,960 | 716,893 | 658,625 | 653,287 | 662,167 | 641,694 | 588,119 | 599,600 | 614,067 | 636,314 |
Bank overdraft | 0 | 0 | 0 | 238 | 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 | 38,475 | 50,441 | 14,565 | 20,817 | 48,557 | 153,849 | 130,561 | 98,066 | 103,234 | 106,975 | 122,734 | 134,195 | 92,474 | 138,247 |
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 | 4,571 | 4,598 | 4,598 | 4,597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 147,561 | 122,355 | 204,916 | 267,223 | 317,538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 190,607 | 177,394 | 224,079 | 292,875 | 366,095 | 153,849 | 130,561 | 98,066 | 103,234 | 106,975 | 122,734 | 134,195 | 92,474 | 138,247 |
loans | 36,667 | 46,451 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 5,050 | 9,647 | 14,245 | 18,844 | 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 | 245,741 | 245,741 | 272,939 | 275,590 | 211,590 | 143,089 | 150,787 | 205,862 | 199,369 |
provisions | 5,416 | 6,074 | 7,398 | 8,960 | 4,807 | 5,501 | 3,599 | 3,574 | 4,656 | 2,486 | 2,612 | 3,404 | 4,517 | 2,064 |
total long term liabilities | 47,133 | 62,172 | 71,643 | 27,804 | 4,807 | 251,242 | 249,340 | 276,513 | 280,246 | 214,076 | 145,701 | 154,191 | 210,379 | 201,433 |
total liabilities | 237,740 | 239,566 | 295,722 | 320,679 | 370,902 | 405,091 | 379,901 | 374,579 | 383,480 | 321,051 | 268,435 | 288,386 | 302,853 | 339,680 |
net assets | 238,273 | 290,287 | 310,970 | 339,104 | 339,058 | 311,802 | 278,724 | 278,708 | 278,687 | 320,643 | 319,684 | 311,214 | 311,214 | 296,634 |
total shareholders funds | 238,273 | 290,287 | 310,970 | 339,104 | 339,058 | 311,802 | 278,724 | 278,708 | 278,687 | 320,643 | 319,684 | 311,214 | 311,214 | 296,634 |
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 | ||||||||||||||
Depreciation | 6,661 | 7,902 | 9,790 | 12,206 | 9,651 | 5,999 | 7,583 | 6,090 | 6,563 | 4,533 | 8,747 | 11,010 | 8,076 | |
Amortisation | 27,737 | 27,736 | 27,737 | 27,737 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | ||||||||||||||
Stock | -1,378 | 5,539 | -28,744 | -4,734 | -40,107 | 10,027 | 21,107 | -12,123 | 22,234 | 14,745 | 27,817 | -11,088 | 16,214 | 198,770 |
Debtors | 8,175 | -546 | -1,020 | 1,642 | 2,896 | 2,252 | -8,279 | 8,389 | 1,205 | 1,686 | -4,127 | 2,716 | -10,397 | 15,346 |
Creditors | -11,966 | 35,876 | -6,252 | -27,740 | -105,292 | 23,288 | 32,495 | -5,168 | -3,741 | -15,759 | -11,461 | 41,721 | -45,773 | 138,247 |
Accruals and Deferred Income | 25,206 | -82,561 | -62,307 | -50,315 | 317,538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -658 | -1,324 | -1,562 | 4,153 | -694 | 1,902 | 25 | -1,082 | 2,170 | -126 | -792 | -1,113 | 2,453 | 2,064 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
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 | -9,784 | -3,549 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -4,624 | -4,598 | -4,598 | 23,441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | -245,741 | 0 | -27,198 | -2,651 | 64,000 | 68,501 | -7,698 | -55,075 | 6,493 | 199,369 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -29,435 | -47,136 | 12,635 | -41,206 | 33,931 | 35,034 | -2,734 | 1,338 | -12,510 | 31,054 | -22,534 | 696 | -36,864 | 120,600 |
overdraft | 0 | 0 | -238 | 238 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -29,435 | -47,136 | 12,873 | -41,444 | 33,931 | 35,034 | -2,734 | 1,338 | -12,510 | 31,054 | -22,534 | 696 | -36,864 | 120,600 |
P&L
September 2022turnover
435.3k
+20%
operating profit
-49.9k
0%
gross margin
41.9%
+7.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
238.3k
-0.18%
total assets
476k
-0.1%
cash
42.9k
-0.41%
net assets
Total assets minus all liabilities
mincost ltd company details
company number
04443825
Type
Private limited with Share Capital
industry
47190 - Other retail sale in non-specialised stores
incorporation date
May 2002
age
22
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 2a lighthouse trade park, church road, lydney, GL15 5EN
last accounts submitted
September 2022
mincost 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 mincost ltd.
mincost ltd Companies House Filings - See Documents
date | description | view/download |
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