Selwyn Miles Limited

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selwyn miles limited Company Information

Live

MatureSmallDeclining

Company Number

04483043

Website

http://korklin.co.uk

Registered Address

8th floor, elizabeth house 54-58 high stree, edgware, middlesex, HA8 7EJ

Industry

Accounting, and auditing activities

Telephone

02089521120

Next Accounts Due

December 2024

Group Structure

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Directors

Selwyn Korklin22 Years

Shareholders

mrs karen natalie korklin 50%

mr selwyn miles korklin 50%

selwyn miles limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of SELWYN MILES LIMITED at £3.8m based on Net Assets of £1.3m and 3.03x industry multiple (adjusted for liquidity).

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Selwyn Miles Limited is a live company located in edgware, HA8 7EJ with a Companies House number of 04483043. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2002, it's largest shareholder is mrs karen natalie korklin with a 50% stake. Selwyn Miles Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Selwyn Miles Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £2m, make it larger than the average company (£138.5k)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (5.8%)

EXPORT

Selwyn Miles Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £1.3 million. According to their latest financial statements, Selwyn Miles Limited has 2 employees and maintains cash reserves of 0 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	1,956,084	1,943,235	2,027,635	2,563,805	3,943,694	2,041,401	3,060,866	4,842,824	7,104,336	6,309,184	5,758,821	5,362,985	4,953,041	4,632,667
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,040,304	1,033,094	971,199	1,274,742	1,765,124	843,844	1,214,770	2,220,364	2,883,318	2,174,724	2,031,301	1,876,955	1,689,287	1,867,637
Gross Profit	915,780	910,141	1,056,436	1,289,063	2,178,570	1,197,556	1,846,096	2,622,459	4,221,017	4,134,459	3,727,520	3,486,031	3,263,754	2,765,030
Admin Expenses	1,020,990	1,007,424	1,330,968	1,594,955	2,683,869	884,790	1,449,914	2,214,191	3,817,828	3,833,354	3,467,610	3,288,207	3,105,539	1,882,366
Operating Profit	-105,210	-97,283	-274,532	-305,892	-505,299	312,766	396,182	408,268	403,189	301,105	259,910	197,824	158,215	882,664
Interest Payable	0	0	0	0	0	0	1,694	1,762	0	0	0	0	0	0
Interest Receivable	0	0	0	0	1,385	1,577	492	536	379	255	153	162	161	70
Pre-Tax Profit	-105,210	-97,283	-274,532	-305,892	-503,914	314,343	394,980	407,043	403,568	301,360	260,063	197,986	158,376	882,733
Tax	0	0	0	0	0	-59,725	-78,996	-81,408	-84,749	-69,313	-62,415	-51,476	-44,345	-247,165
Profit After Tax	-105,210	-97,283	-274,532	-305,892	-503,914	254,618	315,984	325,634	318,819	232,047	197,648	146,510	114,031	635,568
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-105,210	-97,283	-274,532	-305,892	-503,914	254,618	315,984	325,634	318,819	232,047	197,648	146,510	114,031	635,568
Employee Costs	39,596	42,213	40,625	34,407	995,401	178,292	200,457	1,269,104	1,546,859	2,001,307	1,774,825	1,561,590	1,426,724	1,079,825
Number Of Employees	2	2	2	2	44	8	8	46	55	67	63	58	54	49
EBITDA*	-105,210	-97,283	-274,532	-305,892	-505,299	318,187	401,927	415,577	412,935	323,317	288,892	225,151	183,587	906,546

* 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	4,782	5,706	7,607	9,835	12,198	16,264	17,235	21,929	29,238	36,634	35,947	30,983	25,116	20,648
Intangible Assets	0	0	0	0	0	0	0	0	0	0	10,000	27,000	44,000	61,000
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	4,782	5,706	7,607	9,835	12,198	16,264	17,235	21,929	29,238	36,634	45,947	57,983	69,116	81,648
Stock & work in progress	0	0	0	0	0	10,290	28,000	78,590	35,680	32,530	60,228	82,322	72,511	68,550
Trade Debtors	1,461,914	1,570,530	1,667,546	1,878,391	2,198,557	1,296,188	1,607,743	1,453,816	2,052,203	1,748,017	1,495,475	1,338,243	1,204,720	1,078,176
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	1,145,483	876,740	867,440	0	0	0	0	0	0
Cash	0	0	0	0	0	369,243	261,466	131,904	82,619	68,952	33,048	28,313	36,526	27,892
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,461,914	1,570,530	1,667,546	1,878,391	2,198,557	2,821,204	2,773,949	2,531,750	2,170,502	1,849,499	1,588,751	1,448,878	1,313,757	1,174,618
total assets	1,466,696	1,576,236	1,675,153	1,888,226	2,210,755	2,837,468	2,791,184	2,553,679	2,199,740	1,886,133	1,634,698	1,506,861	1,382,873	1,256,266
Bank overdraft	0	0	0	0	0	0	0	54,201	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	212,668	216,998	218,632	157,173	173,810	0	0	0	554,117	559,329	539,941	609,752	632,274	619,698
Group/Directors Accounts	0	0	0	0	0	1,860	78,523	95,663	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	293,749	425,420	432,558	0	0	0	0	0	0
total current liabilities	212,668	216,998	218,632	157,173	173,810	295,609	503,943	582,422	554,117	559,329	539,941	609,752	632,274	619,698
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	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	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	212,668	216,998	218,632	157,173	173,810	295,609	503,943	582,422	554,117	559,329	539,941	609,752	632,274	619,698
net assets	1,254,028	1,359,238	1,456,521	1,731,053	2,036,945	2,541,859	2,287,241	1,971,257	1,645,623	1,326,804	1,094,757	897,109	750,599	636,568
total shareholders funds	1,254,028	1,359,238	1,456,521	1,731,053	2,036,945	2,541,859	2,287,241	1,971,257	1,645,623	1,326,804	1,094,757	897,109	750,599	636,568

	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	-105,210	-97,283	-274,532	-305,892	-505,299	312,766	396,182	408,268	403,189	301,105	259,910	197,824	158,215	882,664
Depreciation	0	0	0	0	0	5,421	5,745	7,309	9,746	12,212	11,982	10,327	8,372	6,882
Amortisation	0	0	0	0	0	0	0	0	0	10,000	17,000	17,000	17,000	17,000
Tax	0	0	0	0	0	-59,725	-78,996	-81,408	-84,749	-69,313	-62,415	-51,476	-44,345	-247,165
Stock	0	0	0	0	-10,290	-17,710	-50,590	42,910	3,150	-27,698	-22,094	9,811	3,961	68,550
Debtors	-108,616	-97,016	-210,845	-320,166	-243,114	-42,812	163,227	269,053	304,186	252,542	157,232	133,523	126,544	1,078,176
Creditors	-4,330	-1,634	61,459	-16,637	173,810	0	0	-554,117	-5,212	19,388	-69,811	-22,522	12,576	619,698
Accruals and Deferred Income	0	0	0	0	-293,749	-131,671	-7,138	432,558	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-924	-1,901	-2,228	-2,363	-371,834	187,313	203,156	-99,353	15,638	48,548	21,528	7,819	21,313	132,353
Investing Activities
capital expenditure	924	1,901	2,228	2,363	4,066	-4,450	-1,051	0	-2,350	-12,899	-16,946	-16,194	-12,840	-105,530
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	924	1,901	2,228	2,363	4,066	-4,450	-1,051	0	-2,350	-12,899	-16,946	-16,194	-12,840	-105,530
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	-1,860	-76,663	-17,140	95,663	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-1,000	0	0	0	0	0	0	0	0	1,000
interest	0	0	0	0	1,385	1,577	-1,202	-1,226	379	255	153	162	161	70
cash flow from financing	0	0	0	0	-1,475	-75,086	-18,342	94,437	379	255	153	162	161	1,070
cash and cash equivalents
cash	0	0	0	0	-369,243	107,777	129,562	49,285	13,667	35,904	4,735	-8,213	8,634	27,892
overdraft	0	0	0	0	0	0	-54,201	54,201	0	0	0	0	0	0
change in cash	0	0	0	0	-369,243	107,777	183,763	-4,916	13,667	35,904	4,735	-8,213	8,634	27,892

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SELWYN MILES LIMITED group structure

Selwyn Miles Limited has no subsidiary companies.

Ultimate parent company

SELWYN MILES LIMITED

04483043

SELWYN MILES LIMITED Shareholders

mrs karen natalie korklin	50%
mr selwyn miles korklin	50%

Selwyn Miles Limited currently has 1 director, Mr Selwyn Korklin serving since Jul 2002.

officer	country	age	start	end	role
Mr Selwyn Korklin	England	71 years	Jul 2002	-	Director

P&L

March 2023

turnover

+1%

operating profit

-105.2k

gross margin

46.9%

-0.04%

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

-0.08%

total assets

1.5m

-0.07%

cash

net assets

Total assets minus all liabilities

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company number

04483043

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

July 2002

ultimate parent company

None

previous names

korklin & company limited (October 2017)

address

8th floor, elizabeth house 54-58 high stree, edgware, middlesex, HA8 7EJ

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.

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selwyn miles limited Company Information

selwyn miles limited Estimated Valuation

selwyn miles limited Estimated Valuation

selwyn miles limited Estimated Valuation

Selwyn Miles Limited Overview

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SELWYN MILES LIMITED financials

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selwyn miles limited Ownership

selwyn miles limited directors

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selwyn miles limited Companies House Filings - See Documents