midland audio x-change limited

2.5

midland audio x-change limited Company Information

Share MIDLAND AUDIO X-CHANGE LIMITED
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Company Number

04706285

Registered Address

church court stourbridge road, halesowen, west midlands, B63 3TT

Industry

Retail sale of electrical household appliances in specialised stores

 

Telephone

01212707098

Next Accounts Due

December 2024

Group Structure

View All

Directors

John Roberts21 Years

Shareholders

john ernest roberts 100%

midland audio x-change limited Estimated Valuation

£195.3k

Pomanda estimates the enterprise value of MIDLAND AUDIO X-CHANGE LIMITED at £195.3k based on a Turnover of £916.8k and 0.21x industry multiple (adjusted for size and gross margin).

midland audio x-change limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MIDLAND AUDIO X-CHANGE LIMITED at £0 based on an EBITDA of £-36.5k and a 2.72x industry multiple (adjusted for size and gross margin).

midland audio x-change limited Estimated Valuation

£137.1k

Pomanda estimates the enterprise value of MIDLAND AUDIO X-CHANGE LIMITED at £137.1k based on Net Assets of £54.8k and 2.5x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Midland Audio X-change Limited Overview

Midland Audio X-change Limited is a live company located in west midlands, B63 3TT with a Companies House number of 04706285. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in March 2003, it's largest shareholder is john ernest roberts with a 100% stake. Midland Audio X-change Limited is a mature, small sized company, Pomanda has estimated its turnover at £916.8k with high growth in recent years.

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Midland Audio X-change Limited Health Check

Pomanda's financial health check has awarded Midland Audio X-Change Limited a 2.5 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 Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £916.8k, make it smaller than the average company (£14.3m)

£916.8k - Midland Audio X-change Limited

£14.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.4%)

17% - Midland Audio X-change Limited

5.4% - Industry AVG

production

Production

with a gross margin of 20.1%, this company has a higher cost of product (26.8%)

20.1% - Midland Audio X-change Limited

26.8% - Industry AVG

profitability

Profitability

an operating margin of -4% make it less profitable than the average company (6.6%)

-4% - Midland Audio X-change Limited

6.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (52)

1 - Midland Audio X-change Limited

52 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.3k, the company has an equivalent pay structure (£29.3k)

£29.3k - Midland Audio X-change Limited

£29.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £916.8k, this is more efficient (£271.8k)

£916.8k - Midland Audio X-change Limited

£271.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 97 days, this is later than average (14 days)

97 days - Midland Audio X-change Limited

14 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 77 days, this is slower than average (45 days)

77 days - Midland Audio X-change Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Midland Audio X-change Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Midland Audio X-change Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 78.7%, this is a higher level of debt than the average (55.9%)

78.7% - Midland Audio X-change Limited

55.9% - Industry AVG

midland audio x-change limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Midland Audio X-change Limited Competitor Analysis

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Perform a competitor analysis for midland audio x-change limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

midland audio x-change limited Ownership

MIDLAND AUDIO X-CHANGE LIMITED group structure

Midland Audio X-Change Limited has no subsidiary companies.

Ultimate parent company

MIDLAND AUDIO X-CHANGE LIMITED

04706285

MIDLAND AUDIO X-CHANGE LIMITED Shareholders

john ernest roberts 100%

midland audio x-change limited directors

Midland Audio X-Change Limited currently has 1 director, Mr John Roberts serving since Mar 2003.

officercountryagestartendrole
Mr John RobertsEngland64 years Mar 2003- Director

MIDLAND AUDIO X-CHANGE LIMITED financials

EXPORTms excel logo

Midland Audio X-Change Limited's latest turnover from March 2023 is estimated at £916.8 thousand and the company has net assets of £54.8 thousand. According to their latest financial statements, Midland Audio X-Change Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover916,771845,520918,018568,767763,508588,828168,510215,308337,485428,538335,075269,241191,396377,431
Other Income Or Grants00000000000000
Cost Of Sales732,474655,259713,495454,428584,458444,445126,943163,216259,119328,733251,638202,750142,038280,729
Gross Profit184,297190,261204,522114,339179,050144,38441,56752,09278,36599,80583,43766,49149,35896,702
Admin Expenses220,764180,956133,055181,375184,656162,65568,56863,73777,02368,5701,64369,51589,485-54,849
Operating Profit-36,4679,30571,467-67,036-5,606-18,271-27,001-11,6451,34231,23581,794-3,024-40,127151,551
Interest Payable00000000000000
Interest Receivable000005070217254293258223622490
Pre-Tax Profit-36,4679,30571,467-67,036-5,606-18,221-26,931-11,4281,59631,52982,051-2,801-39,505152,040
Tax0-1,768-13,57900000-335-7,252-19,69200-42,571
Profit After Tax-36,4677,53757,888-67,036-5,606-18,221-26,931-11,4281,26124,27762,359-2,801-39,505109,469
Dividends Paid00000000000000
Retained Profit-36,4677,53757,888-67,036-5,606-18,221-26,931-11,4281,26124,27762,359-2,801-39,505109,469
Employee Costs29,29327,48126,60125,10023,64023,64025,09423,78743,76438,45240,33643,16621,15844,388
Number Of Employees11111111222212
EBITDA*-36,4679,30571,467-67,036-5,606-18,271-21,611-5,8867,63538,60186,0351,326-35,353156,802

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets11,16215,88022,60416,05417,38421,5316,9258,0409,63512,8483,4733,8015,0716,765
Intangible Assets00000018,48021,56024,64027,72030,80033,88036,96040,040
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets11,16215,88022,60416,05417,38421,53125,40529,60034,27540,56834,27337,68142,03146,805
Stock & work in progress000000170,607156,278138,144151,855129,28084,619101,757108,624
Trade Debtors245,849287,617284,535218,468226,295181,9391,00014,73817,78924,04314,98018,8282,8095,106
Group Debtors00000000000000
Misc Debtors00000012,80214,370000000
Cash00000019,89035,99250,95050,65566,58536,47852,803195,903
misc current assets00000000000000
total current assets245,849287,617284,535218,468226,295181,939204,299221,378206,883226,553210,845139,925157,369309,633
total assets257,011303,497307,139234,522243,679203,470229,704250,978241,158267,121245,118177,606199,400356,438
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 155,553137,239119,24659,518150,805104,99051,57950,25284,071102,39899,01472,76356,040147,717
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000059,93955,386000000
total current liabilities155,553137,239119,24659,518150,805104,990111,518105,63884,071102,39899,01472,76356,040147,717
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities46,66274,995104,167149,166000008,65416,27537,41473,01198,706
provisions0000001,3851,6081,9272,170207166285446
total long term liabilities46,66274,995104,167149,166001,3851,6081,92710,82416,48237,58073,29699,152
total liabilities202,215212,234223,413208,684150,805104,990112,903107,24685,998113,222115,496110,343129,336246,869
net assets54,79691,26383,72625,83892,87498,480116,801143,732155,160153,899129,62267,26370,064109,569
total shareholders funds54,79691,26383,72625,83892,87498,480116,801143,732155,160153,899129,62267,26370,064109,569
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-36,4679,30571,467-67,036-5,606-18,271-27,001-11,6451,34231,23581,794-3,024-40,127151,551
Depreciation0000002,3102,6793,2134,2861,1611,2701,6942,171
Amortisation0000003,0803,0803,0803,0803,0803,0803,0803,080
Tax0-1,768-13,57900000-335-7,252-19,69200-42,571
Stock00000-170,60714,32918,134-13,71122,57544,661-17,138-6,867108,624
Debtors-41,7683,08266,067-7,82744,356168,137-15,30611,319-6,2549,063-3,84816,019-2,2975,106
Creditors18,31417,99359,728-91,28745,81553,4111,327-33,819-18,3273,38426,25116,723-91,677147,717
Accruals and Deferred Income00000-59,9394,55355,386000000
Deferred Taxes & Provisions00000-1,385-223-319-2431,96341-119-161446
Cash flow from operations23,61522,44851,549-150,496-4,147-23,714-14,977-14,0918,6955,05851,82219,049-118,027148,664
Investing Activities
capital expenditure4,7186,724-6,5501,3304,1473,874-1,195-1,0840-13,661-83300-52,056
Change in Investments00000000000000
cash flow from investments4,7186,724-6,5501,3304,1473,874-1,195-1,0840-13,661-83300-52,056
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-28,333-29,172-44,999149,1660000-8,654-7,621-21,139-35,597-25,69598,706
share issue00000-1000000000100
interest000005070217254293258223622490
cash flow from financing-28,333-29,172-44,999149,1660-5070217-8,400-7,328-20,881-35,374-25,07399,296
cash and cash equivalents
cash00000-19,890-16,102-14,958295-15,93030,107-16,325-143,100195,903
overdraft00000000000000
change in cash00000-19,890-16,102-14,958295-15,93030,107-16,325-143,100195,903

P&L

March 2023

turnover

916.8k

+8%

operating profit

-36.5k

0%

gross margin

20.2%

-10.66%

turnover

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

Balance Sheet

March 2023

net assets

54.8k

-0.4%

total assets

257k

-0.15%

cash

0

0%

net assets

Total assets minus all liabilities

midland audio x-change limited company details

company number

04706285

Type

Private limited with Share Capital

industry

47540 - Retail sale of electrical household appliances in specialised stores

incorporation date

March 2003

age

21

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

UK

address

church court stourbridge road, halesowen, west midlands, B63 3TT

last accounts submitted

March 2023

midland audio x-change limited 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 midland audio x-change limited.

charges

midland audio x-change limited Companies House Filings - See Documents

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