Milcars Limited

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milcars limited Company Information

Company Number

04834077

Next Accounts

Sep 2025

Directors

Christopher Ward

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

Website

www.milcars-mazda.co.uk

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).

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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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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 Rating2.5out of 5

3 Strong

1 Regular

8 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	17,663,678	13,217,988	15,265,027	15,534,978	16,905,636	16,909,820	16,570,368	16,635,220	14,697,682	14,570,705	13,098,870	11,880,179	11,570,984	13,222,852	15,036,674
Other Income Or Grants
Cost Of Sales	16,747,022	12,369,027	14,396,782	14,913,255	15,889,122	15,869,589	15,663,239	15,751,720	13,836,303	13,524,891	12,249,244	11,153,743	10,784,407	12,285,344	14,080,547
Gross Profit	916,656	848,961	868,245	621,723	1,016,514	1,040,231	907,129	883,500	861,379	1,045,814	849,626	726,436	786,577	937,508	956,127
Admin Expenses	878,655	843,640	578,842	518,816	803,609	759,021	760,876	762,699	709,813	673,388	649,313	647,075	640,891	703,056	779,137
Operating Profit	38,001	5,321	289,403	102,907	212,905	281,210	146,253	120,801	151,566	372,426	200,313	79,361	145,686	234,452	176,990
Interest Payable	136,173	76,319	95,776	153,074	160,608	129,337	118,003	133,167	140,789	122,012	106,305	149,798	178,444	128,975	137,601
Interest Receivable												9	123	311	840
Pre-Tax Profit	24,717	465,258	363,335	90,732	97,261	243,075	134,593	28,736	46,305	307,616	126,848	-56,298	-21,786	115,479	32,920
Tax	-5,815	-23,824	-56,612	-26,061	-54,839	-27,400	-15,671	-28,432	-10,677	-12,000					5,239
Profit After Tax	18,902	441,434	306,723	64,671	42,422	215,675	118,922	304	35,628	295,616	126,848	-56,298	-21,786	115,479	38,159
Dividends Paid	45,000	25,000	20,000	20,000		35,000
Retained Profit	-26,098	416,434	286,723	44,671	42,422	180,675	118,922	304	35,628	295,616	126,848	-56,298	-21,786	115,479	38,159
Employee Costs	1,226,947	1,060,122	1,055,222	1,082,845	1,354,693	1,217,102	1,112,661	1,047,003	978,401	983,898	907,961	892,353	823,958	852,894	943,090
Number Of Employees	37	39	41	41	41	41	37	34	32	31	32	30	31	29	28
EBITDA*	300,031	373,380	788,130	695,101	585,822	932,710	688,742	718,620	747,409	910,083	738,936	634,989	714,097	703,432	642,427

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,370,543	1,772,036	1,910,237	3,149,735	2,499,422	3,759,756	3,813,339	3,171,236	3,556,570	3,649,720	3,198,775	1,666,831	3,226,173	3,342,159	3,282,262
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 & Other	1,200,000	1,200,000	1,200,000		1,200,000							1,200,000
Debtors (Due After 1 year)	81,774	106,987	167,874	219,406	219,406	166,169	221,513	165,414	172,923	167,779	204,100	240,494	256,966	344,696	333,707
Total Fixed Assets	2,652,317	3,079,023	2,913,274	3,003,881	3,553,139	3,559,809	3,668,310	2,969,606	3,361,860	3,817,499	3,033,735	2,737,226	3,111,912	3,314,301	3,241,853
Stock & work in progress	4,437,789	2,617,569	2,012,460	3,171,688	3,237,163	3,427,376	3,306,901	3,544,200	3,803,563	3,400,570	2,449,462	2,577,843	2,484,148	2,469,109	1,969,457
Trade Debtors	333,182	265,637	135,917	156,231	252,752	148,454	131,822	135,401	103,628	154,883	150,193	78,836	110,144	125,276	402,809
Group Debtors
Misc Debtors	78,300	105,244	148,092	170,093	189,561	261,555	200,718	232,627	222,330	324,264	292,837	295,727	330,289	479,411	371,436
Cash	487,278	481,194	279,719	734,512	205,868	245,919	225,904	296,442	212,821	225,736	215,567	94,390	256,859	301,955	337,732
misc current assets
total current assets	5,336,549	3,469,644	2,576,188	4,232,524	3,885,344	4,083,304	3,865,345	4,208,670	4,342,342	4,105,453	3,108,059	3,046,796	3,181,440	3,375,751	3,081,434
total assets	7,988,866	6,548,667	5,489,462	7,236,405	7,438,483	7,643,113	7,533,655	7,178,276	7,704,202	7,922,952	6,141,794	5,784,022	6,293,352	6,690,052	6,323,287
Bank overdraft									3,365	21,920		78	723	31,961	37,419
Bank loan
Trade Creditors	171,843	204,243	284,948	322,193	321,963	508,721	346,129	716,412	291,468	268,112	274,201	287,116	248,477	234,136	513,353
Group/Directors Accounts					50,000	50,000	50,000	10,000	70,901	130,901	179,901	179,901	189,901	190,401	194,901
other short term finances	4,430,660	2,504,557	1,801,865	2,236,960	3,182,572	3,145,788	3,020,966	2,998,467	3,531,010	3,194,368	2,328,953	2,339,519	2,254,588	2,338,340	1,628,441
hp & lease commitments	138,099	390,800	347,995	586,720	969,368	644,338	751,906	773,722	486,056	432,162	642,413	544,521	481,526	468,262	503,103
other current liabilities	492,730	459,440	521,393	580,321	525,365	389,152	440,065	382,884	278,547	290,168	325,183	198,731	243,417	220,941	294,464
total current liabilities	5,233,332	3,559,040	2,956,201	3,726,194	5,049,268	4,737,999	4,609,066	4,881,485	4,661,347	4,337,631	3,750,651	3,549,866	3,418,632	3,484,041	3,171,681
loans	431,400	500,856	612,167	1,894,481	692,512	824,327	1,032,447	1,157,821	1,326,635	1,512,130	1,691,598	1,619,895	1,871,842	2,078,714	1,846,954
hp & lease commitments	130,441	268,980	482,574	463,933	589,577	1,016,083	1,008,113	373,863	951,417	975,691	265,988	307,552	639,871	742,504	700,338
Accruals and Deferred Income
other liabilities										368,325
provisions
total long term liabilities	561,841	769,836	1,094,741	2,358,414	1,282,089	1,840,410	2,040,560	1,531,684	2,278,052	2,856,146	1,957,586	1,927,447	2,511,713	2,821,218	2,547,292
total liabilities	5,795,173	4,328,876	4,050,942	6,084,608	6,331,357	6,578,409	6,649,626	6,413,169	6,939,399	7,193,777	5,708,237	5,477,313	5,930,345	6,305,259	5,718,973
net assets	2,193,693	2,219,791	1,438,520	1,151,797	1,107,126	1,064,704	884,029	765,107	764,803	729,175	433,557	306,709	363,007	384,793	604,314
total shareholders funds	2,193,693	2,219,791	1,438,520	1,151,797	1,107,126	1,064,704	884,029	765,107	764,803	729,175	433,557	306,709	363,007	384,793	604,314

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	38,001	5,321	289,403	102,907	212,905	281,210	146,253	120,801	151,566	372,426	200,313	79,361	145,686	234,452	176,990
Depreciation	262,030	369,191	499,153	592,620	372,491	651,074	541,988	597,230	595,150	536,842	539,582	556,756	567,084	467,418	463,600
Amortisation		-1,132	-426	-426	426	426	501	589	693	815	-959	-1,128	1,327	1,562	1,837
Tax	-5,815	-23,824	-56,612	-26,061	-54,839	-27,400	-15,671	-28,432	-10,677	-12,000					5,239
Stock	1,820,220	605,109	-1,159,228	-65,475	-190,213	120,475	-237,299	-259,363	402,993	951,108	-128,381	93,695	15,039	499,652	1,969,457
Debtors	15,388	25,985	-93,847	-115,989	85,541	22,125	20,611	34,561	-148,045	-204	32,073	-82,342	-251,984	-158,569	1,107,952
Creditors	-32,400	-80,705	-37,245	230	-186,758	162,592	-370,283	424,944	23,356	-6,089	-12,915	38,639	14,341	-279,217	513,353
Accruals and Deferred Income	33,290	-61,953	-58,928	54,956	136,213	-50,913	57,181	104,337	-11,621	-35,015	126,452	-44,686	22,476	-73,523	294,464
Deferred Taxes & Provisions
Cash flow from operations	-1,540,502	-424,196	1,888,420	905,690	585,110	874,389	576,657	1,444,271	493,519	-93,925	948,781	617,589	987,859	9,609	-1,621,926
Investing Activities
capital expenditure						271,591	410,853	-442,308	209,187	441,060	-715,347	-50,996	84,090	-132,980	-252,448
Change in Investments			1,200,000	-1,200,000	1,200,000						-1,200,000	1,200,000
cash flow from investments			-1,200,000	1,200,000	-1,200,000	271,591	410,853	-442,308	209,187	441,060	484,653	-1,250,996	84,090	-132,980	-252,448
Financing Activities
Bank loans
Group/Directors Accounts				-50,000			40,000	-60,901	-60,000	-49,000		-10,000	-500	-4,500	194,901
Other Short Term Loans	1,926,103	702,692	-435,095	-945,612	36,784	124,822	22,499	-532,543	336,642	865,415	-10,566	84,931	-83,752	709,899	1,628,441
Long term loans	-69,456	-111,311	-1,282,314	1,201,969	-131,815	-208,120	-125,374	-168,814	-185,495	-179,468	71,703	-251,947	-206,872	231,760	1,846,954
Hire Purchase and Lease Commitments	-391,240	-170,789	-220,084	-508,292	-101,476	-99,598	612,434	-289,888	29,620	499,452	56,328	-269,324	-89,369	7,325	1,203,441
other long term liabilities									-368,325	368,325
share issue		364,837								2				-335,000	566,155
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 financing	1,329,234	709,110	-2,033,269	-455,009	-357,115	-312,233	431,556	-1,185,313	-388,347	1,382,714	11,160	-596,129	-558,814	480,820	5,303,131
cash and cash equivalents
cash	6,084	201,475	-454,793	528,644	-40,051	20,015	-70,538	83,621	-12,915	10,169	121,177	-162,469	-45,096	-35,777	337,732
overdraft								-3,365	-18,555	21,920	-78	-645	-31,238	-5,458	37,419
change in cash	6,084	201,475	-454,793	528,644	-40,051	20,015	-70,538	86,986	5,640	-11,751	121,255	-161,824	-13,858	-30,319	300,313

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MILCARS LIMITED group structure

Milcars Limited has 2 subsidiary companies.

Ultimate parent company

MILCARS LIMITED

04834077

2 subsidiaries

WOODFIELD FACILITIES LIMITED

02074454

MILCARS (RADLETT) LIMITED

01377771

MILCARS LIMITED Shareholders

christopher leslie ward

100%

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

officer	country	age	start	end	role
Mr Christopher Ward		55 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

+0.22%

cash

487.3k

+0.01%

net assets

Total assets minus all liabilities

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company number

04834077

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

July 2003

ultimate parent company

None

previous names

jinktime limited (October 2003)

address

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

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milcars limited Company Information

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milcars limited Estimated Valuation

milcars limited Estimated Valuation

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MILCARS LIMITED financials

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