Cimc Mbs Limited

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cimc mbs limited Company Information

Dissolved

Company Number

05003091

Next Accounts

Dec 2024

Industry

Construction of commercial buildings

Directors

Weidong Zhu

Yang Chen

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Shareholders

verbus international ltd

Group Structure

View All

Contact

Registered Address

c/o hudson weir limited, 58 leman street, london, E1 8EU

Website

www.cimc-mbs.com

cimc mbs limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of CIMC MBS LIMITED at £1.4m based on a Turnover of £4.3m and 0.33x industry multiple (adjusted for size and gross margin).

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Cimc Mbs Limited is a dissolved company that was located in london, E1 8EU with a Companies House number of 05003091. It operated in the construction of commercial buildings sector, SIC Code 41201. Founded in December 2003, it's largest shareholder was verbus international ltd with a 100% stake. The last turnover for Cimc Mbs Limited was estimated at £4.3m.

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Pomanda's financial health check has awarded Cimc Mbs Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£10.2m)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (5.4%)

EXPORT

Cimc Mbs Limited's latest turnover from December 2018 is £4.3 million and the company has net assets of -£8.3 million. According to their latest financial statements, we estimate that Cimc Mbs Limited has 12 employees and maintains cash reserves of £284.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Jun 2010
Turnover	4,279,636	43,927,481	33,067,170	1,907,667	30,873,222	2,230,298	17,439,693	0	0	2,435,677
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,848,602	42,703,058	30,948,971	1,646,519	26,761,503	1,938,358	15,200,854	0	0	2,031,468
Gross Profit	431,034	1,224,423	2,118,199	261,147	4,111,719	291,940	2,238,839	0	0	404,209
Admin Expenses	2,984,859	1,190,659	1,442,489	948,670	4,638,692	-253,503	3,085,778	613,024	239,022	12,442,812
Operating Profit	-2,553,825	33,764	675,710	-687,523	-526,973	545,443	-846,939	-613,024	-239,022	-12,038,603
Interest Payable	9,166	35,000	0	0	0	0	0	26,770	7,589	15,554
Interest Receivable	85,062	55,057	5,500	130	49	516	540	0	18,704	0
Pre-Tax Profit	-2,477,929	53,821	681,173	-687,393	-526,924	545,958	-846,399	-639,794	-227,907	-12,054,157
Tax	0	1,100	102,565	0	0	-125,570	0	0	0	0
Profit After Tax	-2,477,929	54,921	783,738	-687,393	-526,924	420,388	-846,399	-639,794	-227,907	-12,054,157
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,477,929	54,921	783,738	-687,393	-526,924	420,388	-846,399	-639,794	-227,907	-12,054,157
Employee Costs	0	0	0	252,401	3,923,227	319,317	2,472,109	35,258	78,824	407,789
Number Of Employees	12	124	96	6	95	8	63	3	3	11
EBITDA*	-2,553,825	33,764	675,710	-687,523	-526,973	545,443	-846,939	-607,930	-236,183	-12,032,925

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Jun 2010
Tangible Assets	0	0	0	0	0	0	0	0	5,094	7,933
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	1	1	1	1	21
Debtors (Due After 1 year)	0	496,774	120,357	91,705	0	0	10,182	10,183	0	0
Total Fixed Assets	0	496,774	120,357	91,705	0	1	10,183	10,184	5,095	7,954
Stock & work in progress	650,160	0	0	97,406	139,522	0	0	0	0	0
Trade Debtors	2,304,572	1,057,134	1,195,385	410,560	4,125,544	9,417	1,753,280	7,897	0	0
Group Debtors	0	2,869,454	5,258,889	3,123,420	0	0	0	0	2,709	0
Misc Debtors	2,828,950	1,115,445	8,530,513	2,302,274	0	0	0	0	24,640	18,396
Cash	284,389	3,317,560	10,324	35,010	16,825	2,919	203,425	12,762	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	6,068,071	8,359,593	14,995,111	5,968,670	4,281,891	12,336	1,956,705	20,659	27,349	18,396
total assets	6,068,071	8,856,367	15,115,468	6,060,375	4,281,891	12,337	1,966,888	30,843	32,444	26,350
Bank overdraft	0	0	0	0	0	0	0	0	249,595	478,591
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	528,999	997,961	2,072,595	56,345	5,271,801	620,065	2,745,620	592,688	293,869	312,829
Group/Directors Accounts	13,043,469	11,379,308	14,774,448	8,655,887	0	0	0	0	2,487,790	1,942,731
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	828,694	2,314,358	4,180,814	4,044,270	0	0	0	0	417,195	1,480,297
total current liabilities	14,401,162	14,691,627	21,027,857	12,756,502	5,271,801	620,065	2,745,620	592,688	3,448,449	4,214,448
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	2,306	22,208	0	0	5,018,824	4,724,082	3,945,115	3,493,954	0	0
provisions	0	0	0	0	0	150,000	1,178,351	1,000,000	1,000,000	0
total long term liabilities	2,306	22,208	0	0	5,018,824	4,874,082	5,123,466	4,493,954	1,000,000	0
total liabilities	14,403,468	14,713,835	21,027,857	12,756,502	10,290,625	5,494,147	7,869,086	5,086,642	4,448,449	4,214,448
net assets	-8,335,397	-5,857,468	-5,912,389	-6,696,127	-6,008,734	-5,481,810	-5,902,198	-5,055,799	-4,416,005	-4,188,098
total shareholders funds	-8,335,397	-5,857,468	-5,912,389	-6,696,127	-6,008,734	-5,481,810	-5,902,198	-5,055,799	-4,416,005	-4,188,098

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Jun 2010
Operating Activities
Operating Profit	-2,553,825	33,764	675,710	-687,523	-526,973	545,443	-846,939	-613,024	-239,022	-12,038,603
Depreciation	0	0	0	0	0	0	0	5,094	2,839	5,678
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	1,100	102,565	0	0	-125,570	0	0	0	0
Stock	650,160	0	-97,406	-42,116	139,522	0	0	0	0	0
Debtors	-405,285	-9,566,337	9,177,185	1,802,415	4,116,127	-1,754,045	1,745,382	-9,269	27,349	18,396
Creditors	-468,962	-1,074,634	2,016,250	-5,215,456	4,651,736	-2,125,555	2,152,932	298,819	293,869	312,829
Accruals and Deferred Income	-1,485,664	-1,866,456	136,544	4,044,270	0	0	0	-417,195	417,195	1,480,297
Deferred Taxes & Provisions	0	0	0	0	-150,000	-1,028,351	178,351	0	1,000,000	0
Cash flow from operations	-4,753,326	6,660,111	-6,148,710	-3,619,008	-280,886	-979,988	-261,038	-717,037	1,447,532	-10,258,195
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	-13,611
Change in Investments	0	0	0	0	-1	0	0	0	1	21
cash flow from investments	0	0	0	0	1	0	0	0	-1	-13,632
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,664,161	-3,395,140	6,118,561	8,655,887	0	0	0	-2,487,790	2,487,790	1,942,731
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-19,902	22,208	0	-5,018,824	294,742	778,967	451,161	3,493,954	0	0
share issue	0	0	0	0	0	0	0	0	-4,188,098	7,866,059
interest	75,896	20,057	5,500	130	49	516	540	-26,770	11,115	-15,554
cash flow from financing	1,720,155	-3,352,875	6,124,061	3,637,193	294,791	779,483	451,701	979,394	-1,689,193	9,793,236
cash and cash equivalents
cash	-3,033,171	3,307,236	-24,686	18,185	13,906	-200,506	190,663	12,762	0	0
overdraft	0	0	0	0	0	0	0	-249,595	249,595	478,591
change in cash	-3,033,171	3,307,236	-24,686	18,185	13,906	-200,506	190,663	262,357	-249,595	-478,591

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CIMC MBS LIMITED group structure

Cimc Mbs Limited has no subsidiary companies.

Ultimate parent company

CHINA INTL. MARINE CONTAINERS (GROUP) CO

#0069370

VERBUS INTERNATIONAL LIMITED

06829020

2 parents

CIMC MBS LIMITED

05003091

CIMC MBS LIMITED Shareholders

verbus international ltd

100%

Cimc Mbs Limited currently has 3 directors. The longest serving directors include Mr Weidong Zhu (Jul 2018) and Yang Chen (Jul 2018).

officer	country	age	start	end	role
Mr Weidong Zhu	China	57 years	Jul 2018	-	Director
Yang Chen	China	42 years	Jul 2018	-	Director
Mr Jason Taylor	United Kingdom	54 years	Apr 2019	-	Director

P&L

December 2018

turnover

4.3m

-90%

operating profit

-2.6m

-7664%

gross margin

10.1%

+261.33%

turnover

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

Balance Sheet

December 2018

net assets

-8.3m

+0.42%

total assets

6.1m

-0.31%

cash

284.4k

-0.91%

net assets

Total assets minus all liabilities

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company number

05003091

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

December 2003

ultimate parent company

CHINA INTL. MARINE CONTAINERS (GROUP) CO

previous names

verbus systems limited (January 2016)

address

c/o hudson weir limited, 58 leman street, london, E1 8EU

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 1 charges/mortgages relating to cimc mbs limited. Currently there are 0 open charges and 1 have been satisfied in the past.

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cimc mbs limited Company Information

cimc mbs limited Estimated Valuation

cimc mbs limited Estimated Valuation

cimc mbs limited Estimated Valuation

Cimc Mbs Limited Overview

Cimc Mbs Limited Health Check

CIMC MBS LIMITED financials

cimc mbs limited Credit Report and Business Information

Cimc Mbs Limited Competitor Analysis

cimc mbs limited Ownership

cimc mbs limited directors

cimc mbs limited company details

cimc mbs limited Charges & Mortgages

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cimc mbs limited Companies House Filings - See Documents