mincost ltd

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mincost ltd Company Information

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Company Number

04443825

Registered 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

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Directors

David Harrison21 Years

Christopher Harrison5 Years

Shareholders

david harrison 45%

christopher harrison 45%

View All

mincost ltd Estimated Valuation

£164k

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

£0

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

£855.6k

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).

Valuation Calculator
This valuation is estimated based on financial data from September 2022 

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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

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £435.3k, make it smaller than the average company (£1m)

£435.3k - Mincost Ltd

£1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-0.4%)

5% - Mincost Ltd

-0.4% - Industry AVG

production

Production

with a gross margin of 41.8%, this company has a comparable cost of product (41.8%)

41.8% - Mincost Ltd

41.8% - Industry AVG

profitability

Profitability

an operating margin of -11.5% make it less profitable than the average company (6.7%)

-11.5% - Mincost Ltd

6.7% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (29)

6 - Mincost Ltd

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £18.9k, the company has an equivalent pay structure (£18.9k)

£18.9k - Mincost Ltd

£18.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £72.6k, this is less efficient (£89k)

£72.6k - Mincost Ltd

£89k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is later than average (9 days)

11 days - Mincost Ltd

9 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 55 days, this is slower than average (40 days)

55 days - Mincost Ltd

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 314 days, this is more than average (95 days)

314 days - Mincost Ltd

95 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mincost Ltd Competitor Analysis

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mincost ltd Ownership

MINCOST LTD group structure

Mincost Ltd has no subsidiary companies.

Ultimate parent company

MINCOST LTD

04443825

MINCOST LTD Shareholders

david harrison 45%
christopher harrison 45%
thomas harrison 10%

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).

officercountryagestartendrole
Mr David HarrisonEngland63 years Aug 2002- Director
Mr Christopher HarrisonUnited Kingdom35 years May 2018- Director

MINCOST LTD financials

EXPORTms excel logo

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 HousePomanda Estimates

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover435,343361,625354,919375,181441,388672,815583,925601,680547,655506,381519,974556,284448,7170
Other Income Or Grants00000000000000
Cost Of Sales253,282220,442200,149207,000249,409387,396334,330340,140312,134296,106306,345325,833259,6710
Gross Profit182,061141,183154,770168,181191,979285,419249,595261,540235,521210,274213,630230,451189,0470
Admin Expenses231,942159,020181,485169,072159,312244,823249,776261,919277,910209,416202,980230,871169,308-411,687
Operating Profit-49,881-17,837-26,715-89132,66740,596-181-379-42,38985810,650-42019,739411,687
Interest Payable3,4292,9421,53280000000000
Interest Receivable1,29696113956983241201406433387366420511302
Pre-Tax Profit-52,014-20,683-28,1345733,64940,8372026-41,9561,24511,016020,250411,989
Tax000-11-6,393-7,759-4-50-286-2,6440-5,670-115,357
Profit After Tax-52,014-20,683-28,1344627,25633,0781621-41,9569598,372014,580296,632
Dividends Paid00000000000000
Retained Profit-52,014-20,683-28,1344627,25633,0781621-41,9569598,372014,580296,632
Employee Costs113,227106,187105,410107,295142,816148,155130,912116,451115,091110,624110,209111,43993,0990
Number Of Employees66668987777760
EBITDA*-15,48317,80110,81239,05232,66750,2475,8187,204-36,2997,42115,1838,32730,749419,763

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets28,50631,97138,93147,15625,29828,95117,99622,75229,23619,69213,60226,23933,03024,230
Intangible Assets166,421194,158221,894249,631277,368277,368277,368277,368277,368277,368277,368277,368277,368277,368
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets194,927226,129260,825296,787302,666306,319295,364300,120306,604297,060290,970303,607310,398301,598
Stock & work in progress218,279219,657214,118242,862247,596287,703277,676256,569268,692246,458231,713203,896214,984198,770
Trade Debtors13,8676,7216,6918,7484,0078,7916,53914,8186,4295,2243,5387,6654,94915,346
Group Debtors00000000000000
Misc Debtors6,0715,0425,6184,5817,680000000000
Cash42,86972,304119,440106,805148,011114,08079,04681,78080,44292,95261,89884,43283,736120,600
misc current assets00000000000000
total current assets281,086303,724345,867362,996407,294410,574363,261353,167355,563344,634297,149295,993303,669334,716
total assets476,013529,853606,692659,783709,960716,893658,625653,287662,167641,694588,119599,600614,067636,314
Bank overdraft0002380000000000
Bank loan00000000000000
Trade Creditors 38,47550,44114,56520,81748,557153,849130,56198,066103,234106,975122,734134,19592,474138,247
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments4,5714,5984,5984,5970000000000
other current liabilities147,561122,355204,916267,223317,538000000000
total current liabilities190,607177,394224,079292,875366,095153,849130,56198,066103,234106,975122,734134,19592,474138,247
loans36,66746,45150,00000000000000
hp & lease commitments5,0509,64714,24518,8440000000000
Accruals and Deferred Income00000000000000
other liabilities00000245,741245,741272,939275,590211,590143,089150,787205,862199,369
provisions5,4166,0747,3988,9604,8075,5013,5993,5744,6562,4862,6123,4044,5172,064
total long term liabilities47,13362,17271,64327,8044,807251,242249,340276,513280,246214,076145,701154,191210,379201,433
total liabilities237,740239,566295,722320,679370,902405,091379,901374,579383,480321,051268,435288,386302,853339,680
net assets238,273290,287310,970339,104339,058311,802278,724278,708278,687320,643319,684311,214311,214296,634
total shareholders funds238,273290,287310,970339,104339,058311,802278,724278,708278,687320,643319,684311,214311,214296,634
Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-49,881-17,837-26,715-89132,66740,596-181-379-42,38985810,650-42019,739411,687
Depreciation6,6617,9029,79012,20609,6515,9997,5836,0906,5634,5338,74711,0108,076
Amortisation27,73727,73627,73727,7370000000000
Tax000-11-6,393-7,759-4-50-286-2,6440-5,670-115,357
Stock-1,3785,539-28,744-4,734-40,10710,02721,107-12,12322,23414,74527,817-11,08816,214198,770
Debtors8,175-546-1,0201,6422,8962,252-8,2798,3891,2051,686-4,1272,716-10,39715,346
Creditors-11,96635,876-6,252-27,740-105,29223,28832,495-5,168-3,741-15,759-11,46141,721-45,773138,247
Accruals and Deferred Income25,206-82,561-62,307-50,315317,538000000000
Deferred Taxes & Provisions-658-1,324-1,5624,153-6941,90225-1,0822,170-126-792-1,1132,4532,064
Cash flow from operations-9,698-35,201-29,545-31,769275,03755,39925,5064,683-61,309-25,181-23,40457,307-24,058230,601
Investing Activities
capital expenditure-3,196-942-1,565-34,0643,653-20,606-1,243-1,099-15,634-12,6538,104-1,956-19,810-309,674
Change in Investments00000000000000
cash flow from investments-3,196-942-1,565-34,0643,653-20,606-1,243-1,099-15,634-12,6538,104-1,956-19,810-309,674
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-9,784-3,54950,00000000000000
Hire Purchase and Lease Commitments-4,624-4,598-4,59823,4410000000000
other long term liabilities0000-245,7410-27,198-2,65164,00068,501-7,698-55,0756,493199,369
share issue000000000098002
interest-2,133-2,846-1,419948983241201406433387366420511302
cash flow from financing-16,541-10,99343,98324,389-244,758241-26,997-2,24564,43368,888-7,234-54,6557,004199,673
cash and cash equivalents
cash-29,435-47,13612,635-41,20633,93135,034-2,7341,338-12,51031,054-22,534696-36,864120,600
overdraft00-2382380000000000
change in cash-29,435-47,13612,873-41,44433,93135,034-2,7341,338-12,51031,054-22,534696-36,864120,600

P&L

September 2022

turnover

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 2022

net 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

None

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.

charges

mincost ltd Companies House Filings - See Documents

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