Midas G & E Properties Limited

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midas g & e properties limited Company Information

Company Number

05363212

Next Accounts

Dec 2025

Directors

Giuseppe Baio

Elaine Baio

Shareholders

giuseppe baio

elaine baio

Group Structure

View All

Industry

Buying and selling of own real estate

Registered Address

first floor 50 whiteladies road, clifton, bristol, BS8 2NH

Website

midas g & e properties limited Estimated Valuation

£574.6k

Pomanda estimates the enterprise value of MIDAS G & E PROPERTIES LIMITED at £574.6k based on an EBITDA of £103.4k and a 5.56x industry multiple (adjusted for size and gross margin).

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Midas G & E Properties Limited is a live company located in bristol, BS8 2NH with a Companies House number of 05363212. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2005, it's largest shareholder is giuseppe baio with a 50% stake. Midas G & E Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £89.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Midas G & E Properties Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

6 Weak

Size

annual sales of £89.9k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (4.7%)

EXPORT

Midas G & E Properties Limited's latest turnover from March 2024 is estimated at £89.9 thousand and the company has net assets of £337.5 thousand. According to their latest financial statements, Midas G & E Properties Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Feb 2011	Feb 2010
Turnover	89,948	91,135	76,354	155,023	63,590	84,001	397,738	160,524	180,765	182,825	330,293	184,206	148,108	174,374	149,977
Other Income Or Grants
Cost Of Sales	39,089	40,212	34,198	68,350	27,668	36,107	168,252	67,447	77,977	85,893	157,721	84,540	67,515	84,340	75,766
Gross Profit	50,859	50,923	42,156	86,673	35,922	47,894	229,486	93,078	102,788	96,932	172,572	99,667	80,593	90,035	74,211
Admin Expenses	-51,961	-55,128	-37,482	23,771	-1,847	-1,117	196,994	61,238	71,953	23,558	114,170	22,739	-14,812	22,610	77,743
Operating Profit	102,820	106,051	79,638	62,902	37,769	49,011	32,492	31,840	30,835	73,374	58,402	76,928	95,405	67,425	-3,532
Interest Payable	128,718	111,201	64,746	45,556	37,210	41,175	39,650	39,123	37,794	35,051	38,107	49,628	61,286	65,286	33,641
Interest Receivable	1,187	1,322	64	1	21	362	181	28	22	11	8	6	11	28	16
Pre-Tax Profit	-24,711	-3,828	14,956	17,347	580	8,198	-6,977	-7,255	-6,937	38,334	20,303	27,307	34,131	2,167	-37,156
Tax			-2,842	-3,296	-110	-1,558				-8,050	-4,670	-6,554	-8,874	-607
Profit After Tax	-24,711	-3,828	12,114	14,051	470	6,640	-6,977	-7,255	-6,937	30,284	15,633	20,753	25,257	1,560	-37,156
Dividends Paid
Retained Profit	-24,711	-3,828	12,114	14,051	470	6,640	-6,977	-7,255	-6,937	30,284	15,633	20,753	25,257	1,560	-37,156
Employee Costs	39,639	37,394	36,865	35,292	36,460	36,001	68,912	67,767	69,233	33,098	64,685	30,796	30,424	30,486	31,309
Number Of Employees	1	1	1	1	1	1	2	2	2	1	2	1	1	1	1
EBITDA*	103,362	106,728	80,484	63,960	38,426	49,101	32,605	32,043	31,076	75,532	60,656	79,101	97,759	68,859	-2,836

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Feb 2011	Feb 2010
Tangible Assets	2,229,555	2,230,097	2,230,774	2,160,306	1,802,627	1,235,360	1,235,450	1,235,563	1,701,701	1,920,204	1,922,362	1,924,209	1,926,382	1,928,736	1,922,786
Intangible Assets
Investments & Other
Debtors (Due After 1 year)			52,107	52,649	53,094		58,905	64,907
Total Fixed Assets	2,229,555	2,230,097	2,282,881	2,212,955	1,855,721	1,235,360	1,294,355	1,300,470	1,701,701	1,920,204	1,922,362	1,924,209	1,926,382	1,928,736	1,922,786
Stock & work in progress
Trade Debtors	6,720	6,905	4,407	682	375					393		6,236	2,176	2,868	7,875
Group Debtors
Misc Debtors	65,263			9,353	3,522	73,890	5,947	5,725	2,700
Cash		45,214	17,000	37	1,109	41,158	55,270	17,147	5,174	3,754	612	2,506		4,553	6,549
misc current assets
total current assets	71,983	52,119	21,407	10,072	5,006	115,048	61,217	22,872	7,874	4,147	612	8,742	2,176	7,421	14,424
total assets	2,301,538	2,282,216	2,304,288	2,223,027	1,860,727	1,350,408	1,355,572	1,323,342	1,709,575	1,924,351	1,922,974	1,932,951	1,928,558	1,936,157	1,937,210
Bank overdraft	18,317								59,807
Bank loan			69,782	273,628
Trade Creditors	1,738	3,034	3,363	79,996	5,187	278		229	726	93,702	82,147	79,125	76,603	89,625	50,660
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	21,472	13,223	13,528	11,233	2,004	1,479	727	12,907	18,870
total current liabilities	41,527	16,257	86,673	364,857	7,191	1,757	727	13,136	79,403	93,702	82,147	79,125	76,603	89,625	50,660
loans	1,135,000	1,135,000	965,000	610,000	610,000	610,000	610,000	610,000	582,124	520,965	557,525	614,997	912,019	973,696	1,035,093
hp & lease commitments
Accruals and Deferred Income
other liabilities	787,548	768,785	886,613	894,282	903,699	666,981	679,815	628,199	722,851	908,485	912,387	883,547	605,407	563,564	543,745
provisions
total long term liabilities	1,922,548	1,903,785	1,851,613	1,504,282	1,513,699	1,276,981	1,289,815	1,238,199	1,304,975	1,429,450	1,469,912	1,498,544	1,517,426	1,537,260	1,578,838
total liabilities	1,964,075	1,920,042	1,938,286	1,869,139	1,520,890	1,278,738	1,290,542	1,251,335	1,384,378	1,523,152	1,552,059	1,577,669	1,594,029	1,626,885	1,629,498
net assets	337,463	362,174	366,002	353,888	339,837	71,670	65,030	72,007	325,197	401,199	370,915	355,282	334,529	309,272	307,712
total shareholders funds	337,463	362,174	366,002	353,888	339,837	71,670	65,030	72,007	325,197	401,199	370,915	355,282	334,529	309,272	307,712

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	102,820	106,051	79,638	62,902	37,769	49,011	32,492	31,840	30,835	73,374	58,402	76,928	95,405	67,425	-3,532
Depreciation	542	677	846	1,058	657	90	113	203	241	2,158	2,254	2,173	2,354	1,434	696
Amortisation
Tax			-2,842	-3,296	-110	-1,558				-8,050	-4,670	-6,554	-8,874	-607
Stock
Debtors	65,078	-49,609	-6,170	5,693	-16,899	9,038	-5,780	67,932	2,307	393	-6,236	4,060	-692	-5,007	7,875
Creditors	-1,296	-329	-76,633	74,809	4,909	278	-229	-497	-92,976	11,555	3,022	2,522	-13,022	38,965	50,660
Accruals and Deferred Income	8,249	-305	2,295	9,229	525	752	-12,180	-5,963	18,870
Deferred Taxes & Provisions
Cash flow from operations	45,237	155,703	9,474	139,009	60,649	39,535	25,976	-42,349	-45,337	78,644	65,244	71,009	76,555	112,224	39,949
Investing Activities
capital expenditure			-71,314	-358,737	-567,924			465,935	218,262		-407			-7,384	-1,923,482
Change in Investments
cash flow from investments			-71,314	-358,737	-567,924			465,935	218,262		-407			-7,384	-1,923,482
Financing Activities
Bank loans		-69,782	-203,846	273,628
Group/Directors Accounts
Other Short Term Loans
Long term loans		170,000	355,000					27,876	61,159	-36,560	-57,472	-297,022	-61,677	-61,397	1,035,093
Hire Purchase and Lease Commitments
other long term liabilities	18,763	-117,828	-7,669	-9,417	236,718	-12,834	51,616	-94,652	-185,634	-3,902	28,840	278,140	41,843	19,819	543,745
share issue					267,697			-245,935	-69,065						344,868
interest	-127,531	-109,879	-64,682	-45,555	-37,189	-40,813	-39,469	-39,095	-37,772	-35,040	-38,099	-49,622	-61,275	-65,258	-33,625
cash flow from financing	-108,768	-127,489	78,803	218,656	467,226	-53,647	12,147	-351,806	-231,312	-75,502	-66,731	-68,504	-81,109	-106,836	1,890,081
cash and cash equivalents
cash	-45,214	28,214	16,963	-1,072	-40,049	-14,112	38,123	11,973	1,420	3,142	-1,894	2,506	-4,553	-1,996	6,549
overdraft	18,317							-59,807	59,807
change in cash	-63,531	28,214	16,963	-1,072	-40,049	-14,112	38,123	71,780	-58,387	3,142	-1,894	2,506	-4,553	-1,996	6,549

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDAS G & E PROPERTIES LIMITED group structure

Midas G & E Properties Limited has no subsidiary companies.

Ultimate parent company

MIDAS G & E PROPERTIES LIMITED

05363212

MIDAS G & E PROPERTIES LIMITED Shareholders

giuseppe baio	50%
elaine baio	50%

Midas G & E Properties Limited currently has 2 directors. The longest serving directors include Mr Giuseppe Baio (Feb 2005) and Ms Elaine Baio (Feb 2005).

officer	country	age	start	end	role
Mr Giuseppe Baio	England	71 years	Feb 2005	-	Director
Ms Elaine Baio	England	65 years	Feb 2005	-	Director

P&L

March 2024

turnover

89.9k

-1%

operating profit

102.8k

gross margin

56.6%

+1.19%

turnover

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

Balance Sheet

March 2024

net assets

337.5k

-0.07%

total assets

2.3m

+0.01%

cash

-1%

net assets

Total assets minus all liabilities

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company number

05363212

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

41100 - Development of building projects

incorporation date

February 2005

ultimate parent company

None

previous names

N/A

address

first floor 50 whiteladies road, clifton, bristol, BS8 2NH

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 13 charges/mortgages relating to midas g & e properties limited. Currently there are 5 open charges and 8 have been satisfied in the past.

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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midas g & e properties limited Company Information

midas g & e properties limited Estimated Valuation

midas g & e properties limited Estimated Valuation

midas g & e properties limited Estimated Valuation

Midas G & E Properties Limited Overview

Midas G & E Properties Limited Health Check

MIDAS G & E PROPERTIES LIMITED financials

midas g & e properties limited Credit Report and Business Information

Midas G & E Properties Limited Competitor Analysis

midas g & e properties limited Ownership

midas g & e properties limited directors

midas g & e properties limited company details

midas g & e properties limited Charges & Mortgages

midas g & e properties limited Capital Raised & Share Issues BETA

midas g & e properties limited Companies House Filings - See Documents