Millbank Developments Investments Limited

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millbank developments investments limited Company Information

Live

MatureMicroDeclining

Company Number

04705616

Next Accounts

Mar 2025

Industry

Buying and selling of own real estate

Directors

Paul Goodsir

Shareholders

paul christopher goodsir

Group Structure

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Contact

Registered Address

1st floor 9 mallow street, london, EC1Y 8RQ

Website

millbank developments investments limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of MILLBANK DEVELOPMENTS INVESTMENTS LIMITED at £2.6m based on Net Assets of £1.7m and 1.55x industry multiple (adjusted for liquidity).

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Millbank Developments Investments Limited is a live company located in london, EC1Y 8RQ with a Companies House number of 04705616. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 2003, it's largest shareholder is paul christopher goodsir with a 100% stake. Millbank Developments Investments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £135.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Millbank Developments Investments Limited a 3.5 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 Rating3.5out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £135.6k, make it smaller than the average company (£840.2k)

Growth

3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (2.3%)

EXPORT

Millbank Developments Investments Limited's latest turnover from June 2023 is estimated at £135.6 thousand and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that Millbank Developments Investments Limited has 1 employee and maintains cash reserves of £18.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 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	135,617	109,148	188,595	566,311	746,945	819,244	215,676	117,663	3,335,764	814,073	520,832	689,010	657,788	376,895
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	39,136	33,462	61,478	181,837	230,974	262,602	70,453	37,901	1,246,359	332,480	195,999	246,478	232,697	138,713
Gross Profit	96,481	75,686	127,117	384,475	515,970	556,642	145,223	79,762	2,089,405	481,593	324,833	442,531	425,092	238,182
Admin Expenses	-17,442	-15,624	41,192	288,770	402,004	408,747	109,840	3,778	2,057,115	415,873	287,792	399,863	382,541	131,344
Operating Profit	113,923	91,310	85,925	95,705	113,966	147,895	35,383	75,984	32,290	65,720	37,041	42,668	42,551	106,838
Interest Payable	28,935	22,748	21,068	23,790	29,417	31,990	35,638	21,920	3,787	5,580	8,664	11,023	12,750	6,763
Interest Receivable	1,825	444	11	17	602	376	50	374	420	149	80	77	88	41
Pre-Tax Profit	86,813	69,006	64,868	71,932	85,151	116,281	-205	54,438	28,923	60,290	28,457	31,722	29,889	100,115
Tax	-21,703	-13,111	-12,325	-13,667	-16,179	-22,093	0	-10,887	-6,074	-13,867	-6,830	-8,248	-8,369	-28,032
Profit After Tax	65,110	55,895	52,543	58,265	68,972	94,188	-205	43,550	22,849	46,423	21,627	23,474	21,520	72,083
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	65,110	55,895	52,543	58,265	68,972	94,188	-205	43,550	22,849	46,423	21,627	23,474	21,520	72,083
Employee Costs	36,800	37,326	35,930	116,475	154,676	176,250	69,792	37,650	491,284	142,689	99,692	130,901	134,529	98,648
Number Of Employees	1	1	1	3	4	5	2	1	14	4	3	4	4	3
EBITDA*	113,923	91,310	85,925	95,705	113,966	147,895	35,383	75,984	32,290	65,720	37,041	42,668	42,551	106,838

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,366,759	2,629,449	2,487,279	2,487,279	2,387,279	2,195,000	1,738,547	1,728,161	1,610,000	1,170,000	885,000	625,000	725,000	785,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,366,759	2,629,449	2,487,279	2,487,279	2,387,279	2,195,000	1,738,547	1,728,161	1,610,000	1,170,000	885,000	625,000	725,000	785,000
Stock & work in progress	0	0	0	0	0	0	0	29,976	0	0	0	0	0	0
Trade Debtors	13,308	12,670	25,354	58,512	69,062	74,414	18,865	13,009	313,049	30,342	27,730	48,012	45,762	21,459
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	987,158	975,577	977,685	631,827	412,049	372,799	384,446	290,697	0	0	0	0	0	0
Cash	18,649	54,343	16,658	5,745	28,919	131,640	18,762	21,568	128,038	39,920	19,870	12,180	18,778	16,357
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,019,115	1,042,590	1,019,697	696,084	510,030	578,853	422,073	355,250	441,087	70,262	47,600	60,192	64,540	37,816
total assets	3,385,874	3,672,039	3,506,976	3,183,363	2,897,309	2,773,853	2,160,620	2,083,411	2,051,087	1,240,262	932,600	685,192	789,540	822,816
Bank overdraft	0	0	35,157	83,003	182,759	57,501	91,751	91,751	0	0	0	0	0	0
Bank loan	0	77,137	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	9,363	710	2,211	3,130	2,768	2,411	9,168	21,948	450,535	407,578	241,381	235,796	234,376	198,000
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,244,509	1,421,388	1,368,426	1,046,597	879,753	760,069	630,240	444,412	0	0	0	0	0	0
total current liabilities	1,253,872	1,499,235	1,405,794	1,132,730	1,065,280	819,981	731,159	558,111	450,535	407,578	241,381	235,796	234,376	198,000
loans	219,017	229,929	285,297	287,291	226,952	404,410	430,640	526,274	56,451	60,073	111,623	154,969	184,211	208,100
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	560,812	29,984	88,392	84,850	84,850	92,133
provisions	247,196	266,196	252,688	252,688	233,688	236,226	149,500	149,500	0	0	0	0	0	0
total long term liabilities	466,213	496,125	537,985	539,979	460,640	640,636	580,140	675,774	617,263	90,057	200,015	239,819	269,061	300,233
total liabilities	1,720,085	1,995,360	1,943,779	1,672,709	1,525,920	1,460,617	1,311,299	1,233,885	1,067,798	497,635	441,396	475,615	503,437	498,233
net assets	1,665,789	1,676,679	1,563,197	1,510,654	1,371,389	1,313,236	849,321	849,526	983,289	742,627	491,204	209,577	286,103	324,583
total shareholders funds	1,665,789	1,676,679	1,563,197	1,510,654	1,371,389	1,313,236	849,321	849,526	983,289	742,627	491,204	209,577	286,103	324,583

	Jun 2023	Jun 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	113,923	91,310	85,925	95,705	113,966	147,895	35,383	75,984	32,290	65,720	37,041	42,668	42,551	106,838
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,703	-13,111	-12,325	-13,667	-16,179	-22,093	0	-10,887	-6,074	-13,867	-6,830	-8,248	-8,369	-28,032
Stock	0	0	0	0	0	0	-29,976	29,976	0	0	0	0	0	0
Debtors	12,219	-14,792	312,700	209,228	33,898	43,902	99,605	-9,343	282,707	2,612	-20,282	2,250	24,303	21,459
Creditors	8,653	-1,501	-919	362	357	-6,757	-12,780	-428,587	42,957	166,197	5,585	1,420	36,376	198,000
Accruals and Deferred Income	-176,879	52,962	321,829	166,844	119,684	129,829	185,828	444,412	0	0	0	0	0	0
Deferred Taxes & Provisions	-19,000	13,508	0	19,000	-2,538	86,726	0	149,500	0	0	0	0	0	0
Cash flow from operations	-107,225	157,960	81,810	59,016	181,392	291,698	138,802	209,789	-213,534	215,438	56,078	33,590	46,255	255,347
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	-262,690	142,170	0	100,000	192,279	456,453	10,386	118,161	440,000	285,000	260,000	-100,000	-60,000	785,000
cash flow from investments	262,690	-142,170	0	-100,000	-192,279	-456,453	-10,386	-118,161	-440,000	-285,000	-260,000	100,000	60,000	-785,000
Financing Activities
Bank loans	-77,137	77,137	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	-10,912	-55,368	-1,994	60,339	-177,458	-26,230	-95,634	469,823	-3,622	-51,550	-43,346	-29,242	-23,889	208,100
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	-560,812	530,828	-58,408	3,542	0	-7,283	92,133
share issue	-76,000	57,587	0	81,000	-10,819	369,727	0	-177,313	217,813	205,000	260,000	-100,000	-60,000	252,500
interest	-27,110	-22,304	-21,057	-23,773	-28,815	-31,614	-35,588	-21,546	-3,367	-5,431	-8,584	-10,946	-12,662	-6,722
cash flow from financing	-191,159	57,052	-23,051	117,566	-217,092	311,883	-131,222	-289,848	741,652	89,611	211,612	-140,188	-103,834	546,011
cash and cash equivalents
cash	-35,694	37,685	10,913	-23,174	-102,721	112,878	-2,806	-106,470	88,118	20,050	7,690	-6,598	2,421	16,357
overdraft	0	-35,157	-47,846	-99,756	125,258	-34,250	0	91,751	0	0	0	0	0	0
change in cash	-35,694	72,842	58,759	76,582	-227,979	147,128	-2,806	-198,221	88,118	20,050	7,690	-6,598	2,421	16,357

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILLBANK DEVELOPMENTS INVESTMENTS LIMITED group structure

Millbank Developments Investments Limited has no subsidiary companies.

Ultimate parent company

MILLBANK DEVELOPMENTS INVESTMENTS LIMITED

04705616

MILLBANK DEVELOPMENTS INVESTMENTS LIMITED Shareholders

paul christopher goodsir

100%

Millbank Developments Investments Limited currently has 1 director, Mr Paul Goodsir serving since Dec 2005.

officer	country	age	start	end	role
Mr Paul Goodsir	United Kingdom	56 years	Dec 2005	-	Director

P&L

June 2023

turnover

135.6k

+24%

operating profit

113.9k

gross margin

71.2%

+2.6%

turnover

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

Balance Sheet

June 2023

net assets

1.7m

-0.01%

total assets

3.4m

-0.08%

cash

18.6k

-0.66%

net assets

Total assets minus all liabilities

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company number

04705616

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

March 2003

ultimate parent company

None

previous names

N/A

address

1st floor 9 mallow street, london, EC1Y 8RQ

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 11 charges/mortgages relating to millbank developments investments limited. Currently there are 4 open charges and 7 have been satisfied in the past.

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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millbank developments investments limited Company Information

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millbank developments investments limited Estimated Valuation

millbank developments investments limited Estimated Valuation

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