Mike's Of Sawbridgeworth Limited

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mike's of sawbridgeworth limited Company Information

Company Number

05206401

Next Accounts

Jun 2025

Directors

Kerim Suavi

Shareholders

matthew conquest

tara conquest

Group Structure

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Industry

Wholesale of fruit and vegetables

Registered Address

unit 1 & 2 balch house, new spitalfields market, leyton, london, E10 5SQ

Website

www.mikesofsawbridgeworth.co.uk

mike's of sawbridgeworth limited Estimated Valuation

£453.8k

Pomanda estimates the enterprise value of MIKE'S OF SAWBRIDGEWORTH LIMITED at £453.8k based on a Turnover of £2.3m and 0.2x industry multiple (adjusted for size and gross margin).

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Mike's Of Sawbridgeworth Limited is a live company located in leyton, E10 5SQ with a Companies House number of 05206401. It operates in the wholesale of fruit and vegetables sector, SIC Code 46310. Founded in August 2004, it's largest shareholder is matthew conquest with a 50% stake. Mike's Of Sawbridgeworth Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Pomanda's financial health check has awarded Mike'S Of Sawbridgeworth Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£23.9m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (5.8%)

EXPORT

Mike'S Of Sawbridgeworth Limited's latest turnover from September 2023 is estimated at £2.3 million and the company has net assets of £233.4 thousand. According to their latest financial statements, Mike'S Of Sawbridgeworth Limited has 20 employees and maintains cash reserves of £49.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Aug 2009
Turnover	2,270,408	2,383,964	1,851,509	1,485,535	2,119,131	2,206,190	1,335,777	1,204,588	1,103,845	1,034,959	1,143,591	943,756	887,223	757,492	926,310
Other Income Or Grants
Cost Of Sales	2,129,394	2,226,127	1,723,741	1,391,277	1,971,286	2,064,139	1,240,589	1,115,112	1,020,386	964,551	1,063,551	877,453	827,223	705,813	625,499
Gross Profit	141,015	157,837	127,768	94,258	147,845	142,051	95,188	89,476	83,459	70,408	80,040	66,303	60,001	51,679	300,811
Admin Expenses	114,193	140,443	26,532	98,401	155,582	177,310	22,883	70,105	71,662	16,425	95,844	48,536	23,913	49,248	262,126
Operating Profit	26,822	17,394	101,236	-4,143	-7,737	-35,259	72,305	19,371	11,797	53,983	-15,804	17,767	36,088	2,431	38,685
Interest Payable		4,232	3,129											680	541
Interest Receivable	2,000	1,406	115	66		241	89	13	17	17	10	24	29	14
Pre-Tax Profit	28,821	14,569	98,222	-4,077	-7,737	-35,018	72,394	19,384	11,814	54,000	-15,794	17,791	36,118	1,764	38,144
Tax	-7,205	-2,768	-18,662				-13,755	-3,877	-2,363	-11,340		-4,270	-9,391	-494	-7,310
Profit After Tax	21,616	11,801	79,560	-4,077	-7,737	-35,018	58,639	15,507	9,451	42,660	-15,794	13,521	26,727	1,270	30,834
Dividends Paid															37,250
Retained Profit	21,616	11,801	79,560	-4,077	-7,737	-35,018	58,639	15,507	9,451	42,660	-15,794	13,521	26,727	1,270	-6,416
Employee Costs	723,884	723,748	860,492	708,330	682,762	699,851	62,417	30,552	58,485	57,209	57,964	58,005	62,618	28,781	171,073
Number Of Employees	20	22	27	22	22	22	2	1	2	2	2	2	2	1
EBITDA*	77,583	36,710	126,989	-4,143	-7,737	-35,259	102,510	43,734	27,785	71,028	-5,709	31,229	54,035	16,357	51,111

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Aug 2009
Tangible Assets	185,664	117,856	77,264	89,158	118,876	130,264	97,232	79,701	66,216	57,827	36,902	46,996	60,458	48,392	43,890
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	185,664	117,856	77,264	89,158	118,876	130,264	97,232	79,701	66,216	57,827	36,902	46,996	60,458	48,392	43,890
Stock & work in progress	20,157	19,744	15,468	13,341			7,142	6,591	5,999	6,758	6,204	7,100	6,042	16,495	14,800
Trade Debtors	399,930	434,515	313,276	168,356	285,808	296,457	264,698	244,207	216,880	188,476	192,110	160,372	143,399	101,954	90,197
Group Debtors
Misc Debtors															5,312
Cash	49,762	26,418	98,601	131,017			64,301	6,750	3,326	3,515	3,356	526	9,052	2,701	2,701
misc current assets
total current assets	469,849	480,677	427,345	312,714	285,808	296,457	336,141	257,548	226,205	198,749	201,670	167,998	158,493	121,150	113,010
total assets	655,513	598,533	504,609	401,872	404,684	426,721	433,373	337,249	292,421	256,576	238,572	214,994	218,951	169,542	156,900
Bank overdraft															20,930
Bank loan
Trade Creditors	253,688	227,612	112,528	145,431	169,079	176,372	183,737	155,999	156,713	141,208	188,060	138,701	138,250	128,030	64,651
Group/Directors Accounts
other short term finances
hp & lease commitments			9,948												10,165
other current liabilities			48,895												23,914
total current liabilities	253,688	227,612	171,371	145,431	169,079	176,372	183,737	155,999	156,713	141,208	188,060	138,701	138,250	128,030	119,660
loans			102,587
hp & lease commitments			13,780												16,218
Accruals and Deferred Income
other liabilities	133,236	136,653		119,317	88,908	93,811	65,588	58,558	31,336	22,627	4,868	13,143	28,755	19,220
provisions	35,200	22,495	16,899	16,712	22,308	24,412	16,804	14,087	11,274	9,094	4,657	6,369	8,686	5,759	5,759
total long term liabilities	168,436	159,148	133,266	136,029	111,216	118,223	82,392	72,645	42,610	31,721	9,525	19,512	37,441	24,979	21,977
total liabilities	422,124	386,760	304,637	281,460	280,295	294,595	266,129	228,644	199,323	172,929	197,585	158,213	175,691	153,009	141,637
net assets	233,389	211,773	199,972	120,412	124,389	132,126	167,244	108,605	93,098	83,647	40,987	56,781	43,260	16,533	15,263
total shareholders funds	233,389	211,773	199,972	120,412	124,389	132,126	167,244	108,605	93,098	83,647	40,987	56,781	43,260	16,533	15,263

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Aug 2009
Operating Activities
Operating Profit	26,822	17,394	101,236	-4,143	-7,737	-35,259	72,305	19,371	11,797	53,983	-15,804	17,767	36,088	2,431	38,685
Depreciation	50,761	19,316	25,753				30,205	24,363	15,988	17,045	10,095	13,462	17,947	13,926	12,426
Amortisation
Tax	-7,205	-2,768	-18,662				-13,755	-3,877	-2,363	-11,340		-4,270	-9,391	-494	-7,310
Stock	413	4,276	2,127	13,341		-7,142	551	592	-759	554	-896	1,058	-10,453	1,695	14,800
Debtors	-34,585	121,239	144,920	-117,452	-10,649	31,759	20,491	27,327	28,404	-3,634	31,738	16,973	41,445	6,445	95,509
Creditors	26,076	115,084	-32,903	-23,648	-7,293	-7,365	27,738	-714	15,505	-46,852	49,359	451	10,220	63,379	64,651
Accruals and Deferred Income		-48,895	48,895											-23,914	23,914
Deferred Taxes & Provisions	12,705	5,596	187	-5,596	-2,104	7,608	2,717	2,813	2,180	4,437	-1,712	-2,317	2,927		5,759
Cash flow from operations	143,331	-19,788	-22,541	70,724	-6,485	-59,633	98,168	14,037	15,462	20,353	11,096	7,062	26,799	47,188	27,816
Investing Activities
capital expenditure	-118,569	-59,908	-13,859	29,718	11,388	-33,032	-47,736	-37,848	-24,377	-37,970	-1		-30,013	-18,428	-56,316
Change in Investments
cash flow from investments	-118,569	-59,908	-13,859	29,718	11,388	-33,032	-47,736	-37,848	-24,377	-37,970	-1		-30,013	-18,428	-56,316
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans		-102,587	102,587
Hire Purchase and Lease Commitments		-23,728	23,728											-26,383	26,383
other long term liabilities	-3,417	136,653	-119,317	30,409	-4,903	28,223	7,030	27,222	8,709	17,759	-8,275	-15,612	9,535	19,220
share issue				100		-100									21,679
interest	2,000	-2,826	-3,014	66		241	89	13	17	17	10	24	29	-666	-541
cash flow from financing	-1,417	7,512	3,984	30,575	-4,903	28,364	7,119	27,235	8,726	17,776	-8,265	-15,588	9,564	-7,829	47,521
cash and cash equivalents
cash	23,344	-72,183	-32,416	131,017		-64,301	57,551	3,424	-189	159	2,830	-8,526	6,351		2,701
overdraft														-20,930	20,930
change in cash	23,344	-72,183	-32,416	131,017		-64,301	57,551	3,424	-189	159	2,830	-8,526	6,351	20,930	-18,229

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mike's of sawbridgeworth limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in E10 area or any other competitors across 12 key performance metrics.

MIKE'S OF SAWBRIDGEWORTH LIMITED group structure

Mike'S Of Sawbridgeworth Limited has no subsidiary companies.

Ultimate parent company

MIKE'S OF SAWBRIDGEWORTH LIMITED

05206401

MIKE'S OF SAWBRIDGEWORTH LIMITED Shareholders

matthew conquest	50%
tara conquest	50%

Mike'S Of Sawbridgeworth Limited currently has 1 director, Mr Kerim Suavi serving since Sep 2024.

officer	country	age	start	end	role
Mr Kerim Suavi		33 years	Sep 2024	-	Director

P&L

September 2023

turnover

2.3m

-5%

operating profit

26.8k

gross margin

6.3%

-6.19%

turnover

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

Balance Sheet

September 2023

net assets

233.4k

+0.1%

total assets

655.5k

+0.1%

cash

49.8k

+0.88%

net assets

Total assets minus all liabilities

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company number

05206401

Type

Private limited with Share Capital

industry

46310 - Wholesale of fruit and vegetables

incorporation date

August 2004

ultimate parent company

None

previous names

N/A

address

unit 1 & 2 balch house, new spitalfields market, leyton, london, E10 5SQ

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.

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mike's of sawbridgeworth limited Company Information

mike's of sawbridgeworth limited Estimated Valuation

mike's of sawbridgeworth limited Estimated Valuation

mike's of sawbridgeworth limited Estimated Valuation

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MIKE'S OF SAWBRIDGEWORTH LIMITED financials

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