Pomanda estimates the enterprise value of MITRECHEM LIMITED at £259.5k based on a Turnover of £487.7k and 0.53x industry multiple (adjusted for size and gross margin).
mitrechem limitedEstimated Valuation
£142.3k
Pomanda estimates the enterprise value of MITRECHEM LIMITED at £142.3k based on an EBITDA of £41.2k and a 3.45x industry multiple (adjusted for size and gross margin).
mitrechem limitedEstimated Valuation
£126.7k
Pomanda estimates the enterprise value of MITRECHEM LIMITED at £126.7k based on Net Assets of £64.6k and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mitrechem LimitedOverview
Mitrechem Limited is a live company located in bishops stortford, CM22 6JX with a Companies House number of 05293740. It operates in the manufacture of cleaning and polishing preparations sector, SIC Code 20412. Founded in November 2004, it's largest shareholder is
jeremy wilkinson
with a 33.3% stake. Mitrechem Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£487.7k with
declining
growth in recent years.
Pomanda's financial health check has awarded Mitrechem Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £487.7k, make it smaller than the average company (£20.1m)
£487.7k - Mitrechem Limited
£20.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (11.2%)
-8% - Mitrechem Limited
11.2% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (33.3%)
38.1% - Mitrechem Limited
33.3% - Industry AVG
Profitability
an operating margin of 6.1% make it less profitable than the average company (7.8%)
6.1% - Mitrechem Limited
7.8% - Industry AVG
Employees
with 5 employees, this is below the industry average (103)
5 - Mitrechem Limited
103 - Industry AVG
Pay Structure
on an average salary of £33k, the company has an equivalent pay structure (£33k)
£33k - Mitrechem Limited
£33k - Industry AVG
Efficiency
resulting in sales per employee of £97.5k, this is less efficient (£220.4k)
£97.5k - Mitrechem Limited
£220.4k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (58 days)
37 days - Mitrechem Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (53 days)
18 days - Mitrechem Limited
53 days - Industry AVG
Stock Days
it holds stock equivalent to 46 days, this is less than average (98 days)
46 days - Mitrechem Limited
98 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 15 weeks, this is average cash available to meet short term requirements (15 weeks)
15 weeks - Mitrechem Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.9%, this is a higher level of debt than the average (52.3%)
57.9% - Mitrechem Limited
52.3% - Industry AVG
MITRECHEM LIMITED financials
EXPORT
Mitrechem Limited's latest turnover from December 2023 is £487.7 thousand and the company has net assets of £64.6 thousand. According to their latest financial statements, Mitrechem Limited has 5 employees and maintains cash reserves of £21.1 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
487,670
496,702
428,224
624,064
451,257
586,175
600,311
653,589
420,952
173,232
188,297
206,178
229,625
189,861
Other Income Or Grants
Cost Of Sales
302,130
285,075
256,345
383,046
286,531
379,394
366,967
401,811
278,894
119,115
132,180
145,041
162,970
130,395
Gross Profit
185,540
211,627
171,879
241,018
164,727
206,781
233,344
251,779
142,057
54,117
56,117
61,137
66,655
59,466
Admin Expenses
155,877
173,054
158,159
258,116
198,663
223,817
247,103
201,742
128,615
52,495
-1,382
48,308
-18,743
60,112
-1,653
Operating Profit
29,663
38,573
13,720
-17,098
-33,936
-17,036
-13,759
50,037
13,442
1,622
57,499
12,829
85,398
-646
1,653
Interest Payable
3,996
1,549
Interest Receivable
2
1
14
314
599
556
255
431
460
363
354
304
230
150
Pre-Tax Profit
25,669
37,025
13,720
-17,084
-33,622
-16,437
-13,203
50,293
13,873
2,082
57,862
13,183
85,701
-416
1,803
Tax
-3,772
-4,581
-2,089
-10,058
-2,774
-437
-13,308
-3,164
-22,282
-505
Profit After Tax
21,897
32,444
11,631
-17,084
-33,622
-16,437
-13,203
40,234
11,098
1,645
44,554
10,019
63,419
-416
1,298
Dividends Paid
21,000
Retained Profit
21,897
32,444
-9,369
-17,084
-33,622
-16,437
-13,203
40,234
11,098
1,645
44,554
10,019
63,419
-416
1,298
Employee Costs
164,884
241,576
227,996
286,898
211,165
265,673
324,204
343,057
172,256
48,603
51,837
52,363
46,906
52,566
Number Of Employees
5
8
8
9
7
10
10
11
6
2
2
2
2
2
EBITDA*
41,248
47,555
18,336
-13,973
-29,969
-11,940
-8,932
56,474
16,802
4,142
59,884
15,964
88,965
3,486
3,494
* 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
34,755
26,946
13,848
9,374
11,901
15,288
14,484
19,311
10,078
7,562
7,158
9,405
10,698
12,395
5,522
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
34,755
26,946
13,848
9,374
11,901
15,288
14,484
19,311
10,078
7,562
7,158
9,405
10,698
12,395
5,522
Stock & work in progress
38,767
73,991
65,655
52,988
50,222
51,385
57,221
48,262
43,135
41,570
42,419
28,067
35,847
3,662
10,443
Trade Debtors
50,735
32,689
31,669
80,558
50,313
47,929
39,026
41,282
48,378
35,170
36,201
34,152
29,376
30,786
16,692
Group Debtors
Misc Debtors
7,840
11,757
11,542
11,348
11,548
11,979
10,878
11,278
3,507
Cash
21,104
9,532
19,787
5,232
23,490
60,286
99,486
122,849
81,495
90,875
93,074
52,109
89,326
32,117
59,861
misc current assets
991
1,718
886
total current assets
118,446
127,969
128,653
150,126
135,573
171,579
206,611
223,671
176,515
168,606
173,412
114,328
154,549
66,565
87,882
total assets
153,201
154,915
142,501
159,500
147,474
186,867
221,095
242,982
186,593
176,168
180,570
123,733
165,247
78,960
93,404
Bank overdraft
Bank loan
14,840
7,067
Trade Creditors
14,933
15,274
25,660
16,880
7,055
14,921
3,703
6,213
3,816
52,678
59,097
47,339
98,601
75,376
91,260
Group/Directors Accounts
5,660
5,058
other short term finances
hp & lease commitments
other current liabilities
39,115
33,996
31,974
49,236
28,690
26,595
55,604
55,104
43,887
total current liabilities
68,888
56,337
57,634
66,116
35,745
41,516
59,307
66,977
52,761
52,678
59,097
47,339
98,601
75,376
91,260
loans
13,132
11,778
hp & lease commitments
Accruals and Deferred Income
1,285
997
other liabilities
provisions
6,603
5,120
2,631
1,780
3,041
3,041
3,041
4,055
2,116
1,587
1,503
1,975
2,246
2,603
747
total long term liabilities
19,735
16,898
2,631
1,780
3,041
3,041
3,041
4,055
2,116
2,872
2,500
1,975
2,246
2,603
747
total liabilities
88,623
73,235
60,265
67,896
38,786
44,557
62,348
71,032
54,877
55,550
61,597
49,314
100,847
77,979
92,007
net assets
64,578
81,680
82,236
91,604
108,688
142,310
158,747
171,950
131,716
120,618
118,973
74,419
64,400
981
1,397
total shareholders funds
64,578
81,680
82,236
91,604
108,688
142,310
158,747
171,950
131,716
120,618
118,973
74,419
64,400
981
1,397
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
29,663
38,573
13,720
-17,098
-33,936
-17,036
-13,759
50,037
13,442
1,622
57,499
12,829
85,398
-646
1,653
Depreciation
11,585
8,982
4,616
3,125
3,967
5,096
4,827
6,437
3,360
2,520
2,385
3,135
3,567
4,132
1,841
Amortisation
Tax
-3,772
-4,581
-2,089
-10,058
-2,774
-437
-13,308
-3,164
-22,282
-505
Stock
-35,224
8,336
12,667
2,766
-1,163
-5,836
8,959
5,127
1,565
-849
14,352
-7,780
32,185
-6,781
10,443
Debtors
14,129
1,235
-48,695
30,045
1,953
10,004
-2,656
675
16,715
-1,031
2,049
4,776
-1,410
14,094
16,692
Creditors
-341
-10,386
8,780
9,825
-7,866
11,218
-2,510
2,397
-48,862
-6,419
11,758
-51,262
23,225
-15,884
91,260
Accruals and Deferred Income
5,119
2,022
-17,262
20,546
2,095
-29,009
500
11,217
42,602
288
997
Deferred Taxes & Provisions
1,483
2,489
851
-1,261
-1,014
1,939
529
84
-472
-271
-357
1,856
747
Cash flow from operations
64,832
27,528
44,644
-17,674
-36,530
-33,899
-18,259
56,167
-9,983
-462
42,458
-35,729
58,776
-17,855
67,861
Investing Activities
capital expenditure
-19,394
-22,080
-9,090
-598
-580
-5,900
-15,670
-5,876
-2,924
-138
-1,842
-1,870
-11,005
-7,363
Change in Investments
cash flow from investments
-19,394
-22,080
-9,090
-598
-580
-5,900
-15,670
-5,876
-2,924
-138
-1,842
-1,870
-11,005
-7,363
Financing Activities
Bank loans
7,773
7,067
Group/Directors Accounts
-5,660
602
5,058
Other Short Term Loans
Long term loans
1,354
11,778
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-38,999
-33,000
1
99
interest
-3,994
-1,548
14
314
599
556
255
431
460
363
354
304
230
150
cash flow from financing
-33,866
-15,703
1
14
314
599
-5,104
857
5,489
460
363
354
304
230
249
cash and cash equivalents
cash
11,572
-10,255
14,555
-18,258
-36,796
-39,200
-23,363
41,354
-9,380
-2,199
40,965
-37,217
57,209
-27,744
59,861
overdraft
change in cash
11,572
-10,255
14,555
-18,258
-36,796
-39,200
-23,363
41,354
-9,380
-2,199
40,965
-37,217
57,209
-27,744
59,861
mitrechem limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for mitrechem limited. Get real-time insights into mitrechem limited's credit score, group structure and payment trends.
Perform a competitor analysis for mitrechem limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in CM22 area or any other competitors across 12 key performance metrics.
mitrechem limited Ownership
MITRECHEM LIMITED group structure
Mitrechem Limited has no subsidiary companies.
Ultimate parent company
MITRECHEM LIMITED
05293740
MITRECHEM LIMITED Shareholders
The largest shareholders in Mitrechem Limited include Jeremy Wilkinson and Kevin Wood.
jeremy wilkinson
33.33%
kevin wood
33.33%
andrew tilley
33.33%
mitrechem limited directors
Mitrechem Limited currently has 3 directors.
The longest serving directors include
Mr Jeremy Wilkinson (Dec 2004) and
Mr Kevin Wood (Aug 2007).
20412 - Manufacture of cleaning and polishing preparations
incorporation date
November 2004
age
21
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
c + p ninety three limited (January 2005)
accountant
FRASER BEECHAM LIMITED
auditor
-
address
28, golds nurseries business park, bishops stortford, hertfordshire, CM22 6JX
Bank
-
Legal Advisor
-
mitrechem 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 1 charges/mortgages relating to mitrechem limited. Currently there are 1 open charges and 0 have been satisfied in the past.
mitrechem 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.
Click to start generating capital raising & share issue transactions for MITRECHEM LIMITED. This can take several minutes, an email will notify you when this has completed.
mitrechem limitedCompanies House Filings - See Documents
