millers citax limited

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millers citax limited Company Information

Share MILLERS CITAX LIMITED

Company Number

04969167

Directors

Anthony Abram

Shareholders

ashton taxis ltd

Group Structure

View All

Industry

Other passenger land transport n.e.c.

 +1

Registered Address

273 brook street, preston, lancashire, PR1 7NH

millers citax limited Estimated Valuation

£3m

Pomanda estimates the enterprise value of MILLERS CITAX LIMITED at £3m based on a Turnover of £2.7m and 1.1x industry multiple (adjusted for size and gross margin).

millers citax limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of MILLERS CITAX LIMITED at £1.1m based on an EBITDA of £285.6k and a 3.97x industry multiple (adjusted for size and gross margin).

millers citax limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of MILLERS CITAX LIMITED at £4.5m based on Net Assets of £1.7m and 2.66x industry multiple (adjusted for liquidity).

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Millers Citax Limited Overview

Millers Citax Limited is a live company located in lancashire, PR1 7NH with a Companies House number of 04969167. It operates in the taxi operation sector, SIC Code 49320. Founded in November 2003, it's largest shareholder is ashton taxis ltd with a 100% stake. Millers Citax Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.

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Millers Citax Limited Health Check

Pomanda's financial health check has awarded Millers Citax Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £2.7m, make it larger than the average company (£1.1m)

£2.7m - Millers Citax Limited

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.2%)

11% - Millers Citax Limited

9.2% - Industry AVG

production

Production

with a gross margin of 40.5%, this company has a comparable cost of product (40.5%)

40.5% - Millers Citax Limited

40.5% - Industry AVG

profitability

Profitability

an operating margin of 7.3% make it as profitable than the average company (8.9%)

7.3% - Millers Citax Limited

8.9% - Industry AVG

employees

Employees

with 25 employees, this is similar to the industry average (21)

25 - Millers Citax Limited

21 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.4k, the company has an equivalent pay structure (£29.4k)

£29.4k - Millers Citax Limited

£29.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £109.5k, this is more efficient (£81.2k)

£109.5k - Millers Citax Limited

£81.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is later than average (30 days)

47 days - Millers Citax Limited

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (13 days)

0 days - Millers Citax Limited

13 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Millers Citax Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 100 weeks, this is more cash available to meet short term requirements (38 weeks)

100 weeks - Millers Citax Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 17.9%, this is a lower level of debt than the average (49.6%)

17.9% - Millers Citax Limited

49.6% - Industry AVG

MILLERS CITAX LIMITED financials

EXPORTms excel logo

Millers Citax Limited's latest turnover from December 2023 is estimated at £2.7 million and the company has net assets of £1.7 million. According to their latest financial statements, Millers Citax Limited has 25 employees and maintains cash reserves of £704.8 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
Turnover2,737,3913,803,8212,924,5662,018,9083,222,3742,943,8362,103,1982,363,4293,227,98810,909,1339,780,4086,877,6303,457,6344,282,7620
Other Income Or Grants000000000000000
Cost Of Sales1,628,6052,459,0211,989,5141,341,3002,053,1321,892,6231,312,4891,472,1322,021,6027,264,6516,403,7024,548,4782,141,0082,597,8130
Gross Profit1,108,7861,344,800935,052677,6071,169,2421,051,213790,710891,2971,206,3873,644,4823,376,7052,329,1511,316,6271,684,9490
Admin Expenses907,7441,314,1071,211,773607,5641,074,466899,757768,973771,020799,2103,507,7203,096,3222,246,7081,246,6661,385,603-677,509
Operating Profit201,04230,693-276,72170,04394,776151,45621,737120,277407,177136,762280,38382,44369,961299,346677,509
Interest Payable0000001,9587,5485,892015,98430,44831,90637,72420,282
Interest Receivable31,36617,5622,0468182,7501,13627992142881663841,0631,164375
Pre-Tax Profit232,40848,256-274,67570,86097,526152,59320,058112,821401,428136,849264,56552,37939,118262,786657,601
Tax-58,102-9,1690-13,463-18,530-28,993-3,811-22,564-80,285-28,738-60,850-12,571-10,171-73,580-184,128
Profit After Tax174,30639,087-274,67557,39778,996123,60016,24790,257321,142108,111203,71539,80828,947189,206473,473
Dividends Paid000000000000000
Retained Profit174,30639,087-274,67557,39778,996123,60016,24790,257321,142108,111203,71539,80828,947189,206473,473
Employee Costs735,195663,207630,429633,993622,136552,101520,981463,096543,9304,529,7464,006,2232,800,6561,232,5601,593,5310
Number Of Employees25252527282626232418516712564780
EBITDA*285,586124,396-154,407292,13894,776363,436286,744341,807626,667452,629535,512296,710315,660386,973816,776

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets407,335404,612412,589495,587619,029657,893699,986654,851710,807974,5261,164,0671,023,903997,983640,192654,216
Intangible Assets021,82343,64765,47087,294109,118130,941152,765174,588196,412218,236231,414244,592257,770270,948
Investments & Other000000000000000
Debtors (Due After 1 year)85,77697,790109,33281,99656,91352,06151,29853,834050,70400000
Total Fixed Assets493,111524,225565,568643,053763,236819,072882,225861,450885,3951,221,6421,382,3031,255,3171,242,575897,962925,164
Stock & work in progress000000000000000
Trade Debtors358,537517,264368,775217,490411,860375,538251,755265,043372,285915,024820,227669,405284,235422,313394,962
Group Debtors0194,736194,736194,736494,736708,069753,212762,028720,844000000
Misc Debtors478,04719,62712,57014,9128,11227,13320,73521,195113,762000000
Cash704,750490,133513,4371,123,090512,069221,20381,84929,71143,87513,07722,02844,301109,436315,626149,939
misc current assets000000000000000
total current assets1,541,3341,221,7601,089,5181,550,2281,426,7771,331,9431,107,5511,077,9771,250,766928,101842,255713,706393,671737,939544,901
total assets2,034,4451,745,9851,655,0862,193,2812,190,0132,151,0151,989,7761,939,4272,136,1612,149,7432,224,5581,969,0231,636,2461,635,9011,470,065
Bank overdraft00000000000243,65695,28687,76487,764
Bank loan000000000000000
Trade Creditors 1,38434,40410,43833,66130,5088,64423,86620,88438,625712,763701,514267,289361,930349,287310,832
Group/Directors Accounts000000000000000
other short term finances000000060,252181,288000000
hp & lease commitments000000067,373151,66900145,67171,78548,72524,625
other current liabilities362,444215,270184,744375,416427,855456,521334,073256,639335,103000000
total current liabilities363,828249,674195,182409,077458,363465,165357,939405,148706,685712,763701,514656,616529,001485,776423,221
loans00000000000248,163349,759448,908536,310
hp & lease commitments002,68052,30557,14890,344159,93178,62044,07400116,07861,59824,7230
Accruals and Deferred Income000000000000000
other liabilities0000000020,000392,720586,895215,000000
provisions000000000007323,26212,81536,061
total long term liabilities002,68052,30557,14890,344159,93178,62064,074392,720586,895579,973414,619486,446572,371
total liabilities363,828249,674197,862461,382515,511555,509517,870483,768770,7591,105,4831,288,4091,236,589943,620972,222995,592
net assets1,670,6171,496,3111,457,2241,731,8991,674,5021,595,5061,471,9061,455,6591,365,4021,044,260936,149732,434692,626663,679474,473
total shareholders funds1,670,6171,496,3111,457,2241,731,8991,674,5021,595,5061,471,9061,455,6591,365,4021,044,260936,149732,434692,626663,679474,473
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit201,04230,693-276,72170,04394,776151,45621,737120,277407,177136,762280,38382,44369,961299,346677,509
Depreciation62,72171,879100,491200,2710190,156243,183199,706197,666294,043241,951201,089232,52174,449126,089
Amortisation21,82321,82421,82321,824021,82421,82421,82421,82421,82413,17813,17813,17813,17813,178
Tax-58,102-9,1690-13,463-18,530-28,993-3,811-22,564-80,285-28,738-60,850-12,571-10,171-73,580-184,128
Stock000000000000000
Debtors92,943144,004176,279-462,487-191,18085,801-25,100-104,791241,163145,501150,822385,170-138,07827,351394,962
Creditors-33,02023,966-23,2233,15321,864-15,2222,982-17,741-674,13811,249434,225-94,64112,64338,455310,832
Accruals and Deferred Income147,17430,526-190,672-52,439-28,666122,44877,434-78,464335,103000000
Deferred Taxes & Provisions0000000000-732-2,530-9,553-23,24636,061
Cash flow from operations248,69525,715-544,581691,876260,624355,868388,449327,829-33,816289,639757,333-198,202446,657301,251584,579
Investing Activities
capital expenditure-65,444-63,902-17,493-76,82960,688-148,064-288,318-143,75166,053-104,502-382,115-227,009-590,312-60,425-1,064,431
Change in Investments000000000000000
cash flow from investments-65,444-63,902-17,493-76,82960,688-148,064-288,318-143,75166,053-104,502-382,115-227,009-590,312-60,425-1,064,431
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000-60,252-121,036181,288000000
Long term loans0000000000-248,163-101,596-99,149-87,402536,310
Hire Purchase and Lease Commitments0-2,680-49,625-4,843-33,196-69,58713,938-49,750195,7430-261,749128,36659,93548,82324,625
other long term liabilities0000000-20,000-372,720-194,175371,895215,000000
share issue000000000000001,000
interest31,36617,5622,0468182,7501,136-1,679-7,456-5,75088-15,818-30,064-30,843-36,560-19,907
cash flow from financing31,36614,882-47,579-4,025-30,446-68,451-47,993-198,242-1,439-194,087-153,835211,706-70,057-75,139542,028
cash and cash equivalents
cash214,617-23,304-609,653611,021290,866139,35452,138-14,16430,798-8,951-22,273-65,135-206,190165,687149,939
overdraft0000000000-243,656148,3707,522087,764
change in cash214,617-23,304-609,653611,021290,866139,35452,138-14,16430,798-8,951221,383-213,505-213,712165,68762,175

millers citax 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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Millers Citax Limited Competitor Analysis

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Perform a competitor analysis for millers citax limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in PR1 area or any other competitors across 12 key performance metrics.

millers citax limited Ownership

MILLERS CITAX LIMITED group structure

Millers Citax Limited has no subsidiary companies.

Ultimate parent company

2 parents

MILLERS CITAX LIMITED

04969167

MILLERS CITAX LIMITED Shareholders

ashton taxis ltd 100%

millers citax limited directors

Millers Citax Limited currently has 1 director, Mr Anthony Abram serving since Jun 2008.

officercountryagestartendrole
Mr Anthony AbramUnited Kingdom46 years Jun 2008- Director

P&L

December 2023

turnover

2.7m

-28%

operating profit

201k

0%

gross margin

40.6%

+14.57%

turnover

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

Balance Sheet

December 2023

net assets

1.7m

+0.12%

total assets

2m

+0.17%

cash

704.8k

+0.44%

net assets

Total assets minus all liabilities

millers citax limited company details

company number

04969167

Type

Private limited with Share Capital

industry

49390 - Other passenger land transport n.e.c.

49320 - Taxi operation

incorporation date

November 2003

age

22

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

MHA MOORE & SMALLEY

auditor

-

address

273 brook street, preston, lancashire, PR1 7NH

Bank

-

Legal Advisor

-

millers citax 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 found 5 charges/mortgages relating to millers citax limited. Currently there are 0 open charges and 5 have been satisfied in the past.

millers citax limited Capital Raised & Share Issues BETA

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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millers citax limited Companies House Filings - See Documents

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