milcars limited Company Information
Company Number
04834077
Next Accounts
Sep 2025
Directors
Shareholders
christopher leslie ward
Group Structure
View All
Industry
Activities of head offices
Registered Address
milcars building otterspool way, watford, herts, WD25 8HL
Website
www.milcars-mazda.co.ukmilcars limited Estimated Valuation
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
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
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


3 Strong

1 Regular

8 Weak

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
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
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
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
with 37 employees, this is below the industry average (110)
37 - Milcars Limited
110 - Industry AVG

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
resulting in sales per employee of £477.4k, this is more efficient (£205.1k)
£477.4k - Milcars Limited
£205.1k - Industry AVG

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

Creditor Days
its suppliers are paid after 3 days, this is quicker than average (42 days)
3 days - Milcars Limited
42 days - Industry AVG

Stock Days
it holds stock equivalent to 96 days, this is more than average (48 days)
96 days - Milcars Limited
48 days - Industry AVG

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

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

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 | |||||||||||||||
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 |
milcars limited Credit Report and Business Information
Milcars Limited Competitor Analysis

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 directors
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 2023turnover
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 2023net 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
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
date | description | view/download |
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