milcars limited

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milcars limited Company Information

Share MILCARS LIMITED

Company Number

04834077

Shareholders

christopher leslie ward

Group Structure

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Industry

Activities of head offices

 

Registered Address

milcars building otterspool way, watford, herts, WD25 8HL

milcars limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of MILCARS LIMITED at £7.3m based on a Turnover of £17.7m and 0.41x industry multiple (adjusted for size and gross margin).

milcars limited Estimated Valuation

£974.5k

Pomanda estimates the enterprise value of MILCARS LIMITED at £974.5k based on an EBITDA of £300k and a 3.25x industry multiple (adjusted for size and gross margin).

milcars limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of MILCARS LIMITED at £4.6m based on Net Assets of £2.2m and 2.11x industry multiple (adjusted for liquidity).

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Milcars Limited Overview

Milcars Limited is a live company located in herts, WD25 8HL with a Companies House number of 04834077. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2003, it's largest shareholder is christopher leslie ward with a 100% stake. Milcars Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.7m with healthy growth in recent years.

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Milcars Limited Health Check

Pomanda's financial health check has awarded Milcars Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 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

8 Weak

size

Size

annual sales of £17.7m, make it in line with the average company (£20.2m)

£17.7m - Milcars Limited

£20.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.4%)

4% - Milcars Limited

7.4% - Industry AVG

production

Production

with a gross margin of 5.2%, this company has a higher cost of product (33.7%)

5.2% - Milcars Limited

33.7% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (5.9%)

0.2% - Milcars Limited

5.9% - Industry AVG

employees

Employees

with 37 employees, this is below the industry average (110)

37 - Milcars Limited

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.2k, the company has a lower pay structure (£49.8k)

£33.2k - Milcars Limited

£49.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £477.4k, this is more efficient (£205.1k)

£477.4k - Milcars Limited

£205.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (45 days)

6 days - Milcars Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (42 days)

3 days - Milcars Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 96 days, this is more than average (48 days)

96 days - Milcars Limited

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)

4 weeks - Milcars Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 72.5%, this is a higher level of debt than the average (55.6%)

72.5% - Milcars Limited

55.6% - Industry AVG

MILCARS LIMITED financials

EXPORTms excel logo

Milcars Limited's latest turnover from December 2023 is £17.7 million and the company has net assets of £2.2 million. According to their latest financial statements, Milcars Limited has 37 employees and maintains cash reserves of £487.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover17,663,67813,217,98815,265,02715,534,97816,905,63616,909,82016,570,36816,635,22014,697,68214,570,70513,098,87011,880,17911,570,98413,222,85215,036,674
Other Income Or Grants
Cost Of Sales16,747,02212,369,02714,396,78214,913,25515,889,12215,869,58915,663,23915,751,72013,836,30313,524,89112,249,24411,153,74310,784,40712,285,34414,080,547
Gross Profit916,656848,961868,245621,7231,016,5141,040,231907,129883,500861,3791,045,814849,626726,436786,577937,508956,127
Admin Expenses878,655843,640578,842518,816803,609759,021760,876762,699709,813673,388649,313647,075640,891703,056779,137
Operating Profit38,0015,321289,403102,907212,905281,210146,253120,801151,566372,426200,31379,361145,686234,452176,990
Interest Payable136,17376,31995,776153,074160,608129,337118,003133,167140,789122,012106,305149,798178,444128,975137,601
Interest Receivable9123311840
Pre-Tax Profit24,717465,258363,33590,73297,261243,075134,59328,73646,305307,616126,848-56,298-21,786115,47932,920
Tax-5,815-23,824-56,612-26,061-54,839-27,400-15,671-28,432-10,677-12,0005,239
Profit After Tax18,902441,434306,72364,67142,422215,675118,92230435,628295,616126,848-56,298-21,786115,47938,159
Dividends Paid45,00025,00020,00020,00035,000
Retained Profit-26,098416,434286,72344,67142,422180,675118,92230435,628295,616126,848-56,298-21,786115,47938,159
Employee Costs1,226,9471,060,1221,055,2221,082,8451,354,6931,217,1021,112,6611,047,003978,401983,898907,961892,353823,958852,894943,090
Number Of Employees373941414141373432313230312928
EBITDA*300,031373,380788,130695,101585,822932,710688,742718,620747,409910,083738,936634,989714,097703,432642,427

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,370,5431,772,0361,910,2373,149,7352,499,4223,759,7563,813,3393,171,2363,556,5703,649,7203,198,7751,666,8313,226,1733,342,1593,282,262
Intangible Assets-364,837-365,260-365,689-366,116-366,542-367,044-367,633-369,140-370,099-371,227-372,554-374,116
Investments & Other1,200,0001,200,0001,200,0001,200,0001,200,000
Debtors (Due After 1 year)81,774106,987167,874219,406219,406166,169221,513165,414172,923167,779204,100240,494256,966344,696333,707
Total Fixed Assets2,652,3173,079,0232,913,2743,003,8813,553,1393,559,8093,668,3102,969,6063,361,8603,817,4993,033,7352,737,2263,111,9123,314,3013,241,853
Stock & work in progress4,437,7892,617,5692,012,4603,171,6883,237,1633,427,3763,306,9013,544,2003,803,5633,400,5702,449,4622,577,8432,484,1482,469,1091,969,457
Trade Debtors333,182265,637135,917156,231252,752148,454131,822135,401103,628154,883150,19378,836110,144125,276402,809
Group Debtors
Misc Debtors78,300105,244148,092170,093189,561261,555200,718232,627222,330324,264292,837295,727330,289479,411371,436
Cash487,278481,194279,719734,512205,868245,919225,904296,442212,821225,736215,56794,390256,859301,955337,732
misc current assets
total current assets5,336,5493,469,6442,576,1884,232,5243,885,3444,083,3043,865,3454,208,6704,342,3424,105,4533,108,0593,046,7963,181,4403,375,7513,081,434
total assets7,988,8666,548,6675,489,4627,236,4057,438,4837,643,1137,533,6557,178,2767,704,2027,922,9526,141,7945,784,0226,293,3526,690,0526,323,287
Bank overdraft3,36521,9207872331,96137,419
Bank loan
Trade Creditors 171,843204,243284,948322,193321,963508,721346,129716,412291,468268,112274,201287,116248,477234,136513,353
Group/Directors Accounts50,00050,00050,00010,00070,901130,901179,901179,901189,901190,401194,901
other short term finances4,430,6602,504,5571,801,8652,236,9603,182,5723,145,7883,020,9662,998,4673,531,0103,194,3682,328,9532,339,5192,254,5882,338,3401,628,441
hp & lease commitments138,099390,800347,995586,720969,368644,338751,906773,722486,056432,162642,413544,521481,526468,262503,103
other current liabilities492,730459,440521,393580,321525,365389,152440,065382,884278,547290,168325,183198,731243,417220,941294,464
total current liabilities5,233,3323,559,0402,956,2013,726,1945,049,2684,737,9994,609,0664,881,4854,661,3474,337,6313,750,6513,549,8663,418,6323,484,0413,171,681
loans431,400500,856612,1671,894,481692,512824,3271,032,4471,157,8211,326,6351,512,1301,691,5981,619,8951,871,8422,078,7141,846,954
hp & lease commitments130,441268,980482,574463,933589,5771,016,0831,008,113373,863951,417975,691265,988307,552639,871742,504700,338
Accruals and Deferred Income
other liabilities368,325
provisions
total long term liabilities561,841769,8361,094,7412,358,4141,282,0891,840,4102,040,5601,531,6842,278,0522,856,1461,957,5861,927,4472,511,7132,821,2182,547,292
total liabilities5,795,1734,328,8764,050,9426,084,6086,331,3576,578,4096,649,6266,413,1696,939,3997,193,7775,708,2375,477,3135,930,3456,305,2595,718,973
net assets2,193,6932,219,7911,438,5201,151,7971,107,1261,064,704884,029765,107764,803729,175433,557306,709363,007384,793604,314
total shareholders funds2,193,6932,219,7911,438,5201,151,7971,107,1261,064,704884,029765,107764,803729,175433,557306,709363,007384,793604,314
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit38,0015,321289,403102,907212,905281,210146,253120,801151,566372,426200,31379,361145,686234,452176,990
Depreciation262,030369,191499,153592,620372,491651,074541,988597,230595,150536,842539,582556,756567,084467,418463,600
Amortisation-1,132-426-426426426501589693815-959-1,1281,3271,5621,837
Tax-5,815-23,824-56,612-26,061-54,839-27,400-15,671-28,432-10,677-12,0005,239
Stock1,820,220605,109-1,159,228-65,475-190,213120,475-237,299-259,363402,993951,108-128,38193,69515,039499,6521,969,457
Debtors15,38825,985-93,847-115,98985,54122,12520,61134,561-148,045-20432,073-82,342-251,984-158,5691,107,952
Creditors-32,400-80,705-37,245230-186,758162,592-370,283424,94423,356-6,089-12,91538,63914,341-279,217513,353
Accruals and Deferred Income33,290-61,953-58,92854,956136,213-50,91357,181104,337-11,621-35,015126,452-44,68622,476-73,523294,464
Deferred Taxes & Provisions
Cash flow from operations-1,540,502-424,1961,888,420905,690585,110874,389576,6571,444,271493,519-93,925948,781617,589987,8599,609-1,621,926
Investing Activities
capital expenditure271,591410,853-442,308209,187441,060-715,347-50,99684,090-132,980-252,448
Change in Investments1,200,000-1,200,0001,200,000-1,200,0001,200,000
cash flow from investments-1,200,0001,200,000-1,200,000271,591410,853-442,308209,187441,060484,653-1,250,99684,090-132,980-252,448
Financing Activities
Bank loans
Group/Directors Accounts-50,00040,000-60,901-60,000-49,000-10,000-500-4,500194,901
Other Short Term Loans 1,926,103702,692-435,095-945,61236,784124,82222,499-532,543336,642865,415-10,56684,931-83,752709,8991,628,441
Long term loans-69,456-111,311-1,282,3141,201,969-131,815-208,120-125,374-168,814-185,495-179,46871,703-251,947-206,872231,7601,846,954
Hire Purchase and Lease Commitments-391,240-170,789-220,084-508,292-101,476-99,598612,434-289,88829,620499,45256,328-269,324-89,3697,3251,203,441
other long term liabilities-368,325368,325
share issue364,8372-335,000566,155
interest-136,173-76,319-95,776-153,074-160,608-129,337-118,003-133,167-140,789-122,012-106,305-149,789-178,321-128,664-136,761
cash flow from financing1,329,234709,110-2,033,269-455,009-357,115-312,233431,556-1,185,313-388,3471,382,71411,160-596,129-558,814480,8205,303,131
cash and cash equivalents
cash6,084201,475-454,793528,644-40,05120,015-70,53883,621-12,91510,169121,177-162,469-45,096-35,777337,732
overdraft-3,365-18,55521,920-78-645-31,238-5,45837,419
change in cash6,084201,475-454,793528,644-40,05120,015-70,53886,9865,640-11,751121,255-161,824-13,858-30,319300,313

milcars limited 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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Milcars Limited Competitor Analysis

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Perform a competitor analysis for milcars limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in WD25 area or any other competitors across 12 key performance metrics.

milcars limited Ownership

MILCARS LIMITED group structure

Milcars Limited has 2 subsidiary companies.

Ultimate parent company

MILCARS LIMITED

04834077

2 subsidiaries

MILCARS LIMITED Shareholders

christopher leslie ward 100%

milcars limited directors

Milcars Limited currently has 1 director, Mr Christopher Ward serving since Sep 2003.

officercountryagestartendrole
Mr Christopher Ward55 years Sep 2003- Director

P&L

December 2023

turnover

17.7m

+34%

operating profit

38k

+614%

gross margin

5.2%

-19.2%

turnover

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

Balance Sheet

December 2023

net assets

2.2m

-0.01%

total assets

8m

+0.22%

cash

487.3k

+0.01%

net assets

Total assets minus all liabilities

milcars limited company details

company number

04834077

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

July 2003

age

22

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

jinktime limited (October 2003)

accountant

-

auditor

CROWE U.K. LLP

address

milcars building otterspool way, watford, herts, WD25 8HL

Bank

-

Legal Advisor

-

milcars 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 milcars limited.

milcars limited Capital Raised & Share Issues BETA

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milcars limited Companies House Filings - See Documents

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