Mibsons (west Bromwich) Limited

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mibsons (west bromwich) limited Company Information

Live

EstablishedMidHigh

Company Number

05375621

Website

Registered Address

180 birmingham road, west bromwich, west midlands, B70 6QG

Industry

Retail sale of automotive fuel in specialised stores

Telephone

08450706561

Next Accounts Due

December 2024

Group Structure

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Directors

Ebrahim Bhattay19 Years

Yusuf Bhattay14 Years

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Shareholders

yusuf mahomed bhattay 33.3%

talha bhattay 16.7%

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mibsons (west bromwich) limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of MIBSONS (WEST BROMWICH) LIMITED at £4.6m based on Net Assets of £1.6m and 2.87x industry multiple (adjusted for liquidity).

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Mibsons (west Bromwich) Limited is a live company located in west midlands, B70 6QG with a Companies House number of 05375621. It operates in the retail sale of automotive fuel in specialised stores sector, SIC Code 47300. Founded in February 2005, it's largest shareholder is yusuf mahomed bhattay with a 33.3% stake. Mibsons (west Bromwich) Limited is a established, mid sized company, Pomanda has estimated its turnover at £7m with high growth in recent years.

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Pomanda's financial health check has awarded Mibsons (West Bromwich) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £7m, make it smaller than the average company (£28.1m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.2%)

EXPORT

Mibsons (West Bromwich) Limited's latest turnover from March 2023 is estimated at £7 million and the company has net assets of £1.6 million. According to their latest financial statements, Mibsons (West Bromwich) Limited has 23 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	6,954,348	6,110,988	4,935,300	4,160,355	5,840,944	4,862,961	3,163,639	3,025,880	3,675,279	4,075,115	3,266,769	4,317,193	3,764,864	3,109,393
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,093,757	5,343,045	4,329,247	3,749,386	5,306,113	4,431,368	2,880,034	2,786,895	3,426,020	3,821,895	3,068,106	4,052,263	3,504,400	2,883,965
Gross Profit	860,591	767,943	606,052	410,969	534,831	431,593	283,605	238,986	249,260	253,220	198,662	264,929	260,464	225,428
Admin Expenses	226,362	394,278	339,908	233,008	362,366	279,011	186,525	260,584	225,916	256,262	241,170	286,012	330,645	-8,591
Operating Profit	634,229	373,665	266,144	177,961	172,465	152,582	97,080	-21,598	23,344	-3,042	-42,508	-21,083	-70,181	234,019
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	69,043	7,977	745	588	4,039	2,066	589	719	400	354	578	610	584	373
Pre-Tax Profit	703,273	381,642	266,889	178,549	176,504	154,648	97,669	-20,879	23,744	-2,688	-41,930	-20,473	-69,597	234,392
Tax	-133,622	-72,512	-50,709	-33,924	-33,536	-29,383	-19,534	0	-4,986	0	0	0	0	-65,630
Profit After Tax	569,651	309,130	216,180	144,625	142,968	125,265	78,135	-20,879	18,758	-2,688	-41,930	-20,473	-69,597	168,762
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	569,651	309,130	216,180	144,625	142,968	125,265	78,135	-20,879	18,758	-2,688	-41,930	-20,473	-69,597	168,762
Employee Costs	386,132	363,748	320,581	298,579	276,870	257,794	145,700	133,181	131,439	139,300	121,656	147,843	153,609	138,296
Number Of Employees	23	22	21	21	20	18	10	9	9	10	8	10	10	9
EBITDA*	674,205	424,011	313,590	226,531	222,275	198,555	97,080	-7,107	42,497	19,140	-27,508	-6,083	-49,444	254,551

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	21,831	36,807	40,935	63,381	41,451	57,452	24,052	34,396	47,392	11,690	4,015	7,743	12,138	10,575
Intangible Assets	0	25,000	50,000	75,000	100,000	125,000	0	0	0	15,000	30,000	45,000	60,000	75,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	21,831	61,807	90,935	138,381	141,451	182,452	24,052	34,396	47,392	26,690	34,015	52,743	72,138	85,575
Stock & work in progress	238,107	223,783	182,587	126,427	161,630	133,088	59,834	56,833	69,644	95,441	69,739	88,902	95,388	62,362
Trade Debtors	57,904	52,256	37,027	10,525	69,348	63,011	27,476	18,566	66,306	69,035	54,928	62,125	54,051	52,023
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,440	2,500	13,130	12,357	7,562	5,954	0	0	0	0	0	0	0	0
Cash	1,959,329	1,289,773	837,336	651,944	524,227	552,857	273,668	197,706	89,882	70,142	71,427	159,686	84,309	149,191
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,272,780	1,568,312	1,070,080	801,253	762,767	754,910	360,978	273,105	225,832	234,618	196,094	310,713	233,748	263,576
total assets	2,294,611	1,630,119	1,161,015	939,634	904,218	937,362	385,030	307,501	273,224	261,308	230,109	363,456	305,886	349,151
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	282,668	342,868	212,300	148,605	259,334	221,487	270,537	254,164	196,519	210,635	178,341	284,374	205,694	180,383
Group/Directors Accounts	102,861	87,704	71,572	147,592	155,532	125,844	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	287,021	144,292	130,410	108,658	103,412	95,985	0	0	0	0	0	0	0	0
total current liabilities	672,550	574,864	414,282	404,855	518,278	443,316	270,537	254,164	196,519	210,635	178,341	284,374	205,694	180,383
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	250,000	0	15,000	15,000	15,000	15,000	0	0	0
provisions	4,148	6,993	7,601	11,827	7,613	8,687	4,399	6,378	8,867	1,593	0	384	1,021	0
total long term liabilities	4,148	6,993	7,601	11,827	7,613	258,687	4,399	21,378	23,867	16,593	15,000	384	1,021	0
total liabilities	676,698	581,857	421,883	416,682	525,891	702,003	274,936	275,542	220,386	227,228	193,341	284,758	206,715	180,383
net assets	1,617,913	1,048,262	739,132	522,952	378,327	235,359	110,094	31,959	52,838	34,080	36,768	78,698	99,171	168,768
total shareholders funds	1,617,913	1,048,262	739,132	522,952	378,327	235,359	110,094	31,959	52,838	34,080	36,768	78,698	99,171	168,768

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	634,229	373,665	266,144	177,961	172,465	152,582	97,080	-21,598	23,344	-3,042	-42,508	-21,083	-70,181	234,019
Depreciation	14,976	25,346	22,446	23,570	24,810	20,973	0	14,491	4,153	7,182	0	0	5,737	5,532
Amortisation	25,000	25,000	25,000	25,000	25,000	25,000	0	0	15,000	15,000	15,000	15,000	15,000	15,000
Tax	-133,622	-72,512	-50,709	-33,924	-33,536	-29,383	-19,534	0	-4,986	0	0	0	0	-65,630
Stock	14,324	41,196	56,160	-35,203	28,542	73,254	3,001	-12,811	-25,797	25,702	-19,163	-6,486	33,026	62,362
Debtors	20,588	4,599	27,275	-54,028	7,945	41,489	8,910	-47,740	-2,729	14,107	-7,197	8,074	2,028	52,023
Creditors	-60,200	130,568	63,695	-110,729	37,847	-49,050	16,373	57,645	-14,116	32,294	-106,033	78,680	25,311	180,383
Accruals and Deferred Income	142,729	13,882	21,752	5,246	7,427	95,985	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,845	-608	-4,226	4,214	-1,074	4,288	-1,979	-2,489	7,274	1,593	-384	-637	1,021	0
Cash flow from operations	585,355	449,546	260,667	180,569	196,452	105,652	80,029	108,600	59,195	13,218	-107,565	70,372	-58,166	254,919
Investing Activities
capital expenditure	0	-21,218	0	-45,500	-8,809	-204,373	10,344	-1,495	-39,855	-14,857	3,728	4,395	-7,300	-106,107
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-21,218	0	-45,500	-8,809	-204,373	10,344	-1,495	-39,855	-14,857	3,728	4,395	-7,300	-106,107
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	15,157	16,132	-76,020	-7,940	29,688	125,844	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	0	0	0	0
other long term liabilities	0	0	0	0	-250,000	250,000	-15,000	0	0	0	15,000	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	6
interest	69,043	7,977	745	588	4,039	2,066	589	719	400	354	578	610	584	373
cash flow from financing	84,200	24,109	-75,275	-7,352	-216,273	377,910	-14,411	719	400	354	15,578	610	584	379
cash and cash equivalents
cash	669,556	452,437	185,392	127,717	-28,630	279,189	75,962	107,824	19,740	-1,285	-88,259	75,377	-64,882	149,191
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	669,556	452,437	185,392	127,717	-28,630	279,189	75,962	107,824	19,740	-1,285	-88,259	75,377	-64,882	149,191

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIBSONS (WEST BROMWICH) LIMITED group structure

Mibsons (West Bromwich) Limited has no subsidiary companies.

Ultimate parent company

MIBSONS (WEST BROMWICH) LIMITED

05375621

MIBSONS (WEST BROMWICH) LIMITED Shareholders

yusuf mahomed bhattay	33.33%
talha bhattay	16.67%
ismail bhattay	16.67%
ebrahim mahomed bhattay	16.67%
hajra ebrahim bhattay	16.67%

Mibsons (West Bromwich) Limited currently has 3 directors. The longest serving directors include Mr Ebrahim Bhattay (Feb 2005) and Mr Yusuf Bhattay (May 2010).

officer	country	age	start	end	role
Mr Ebrahim Bhattay		70 years	Feb 2005	-	Director
Mr Yusuf Bhattay	England	73 years	May 2010	-	Director
Mr Suleman Bhattay	England	66 years	Feb 2022	-	Director

P&L

March 2023

turnover

+14%

operating profit

634.2k

gross margin

12.4%

-1.53%

turnover

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

Balance Sheet

March 2023

net assets

1.6m

+0.54%

total assets

2.3m

+0.41%

cash

+0.52%

net assets

Total assets minus all liabilities

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company number

05375621

Type

Private limited with Share Capital

industry

47300 - Retail sale of automotive fuel in specialised stores

incorporation date

February 2005

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

180 birmingham road, west bromwich, west midlands, B70 6QG

last accounts submitted

March 2023

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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mibsons (west bromwich) limited Company Information

mibsons (west bromwich) limited Estimated Valuation

mibsons (west bromwich) limited Estimated Valuation

mibsons (west bromwich) limited Estimated Valuation

Mibsons (west Bromwich) Limited Overview

Mibsons (west Bromwich) Limited Health Check

MIBSONS (WEST BROMWICH) LIMITED financials

mibsons (west bromwich) limited Credit Report and Business Information

Mibsons (west Bromwich) Limited Competitor Analysis

mibsons (west bromwich) limited Ownership

mibsons (west bromwich) limited directors

mibsons (west bromwich) limited company details

mibsons (west bromwich) limited Charges & Mortgages

mibsons (west bromwich) limited Companies House Filings - See Documents