mildef limited Company Information
Company Number
05756627
Website
www.mildef.comRegistered Address
building 232/gcc, dragon way, bro tathan west, barry, CF62 4AF
Industry
Manufacture of computers and peripheral equipment
Telephone
02920647040
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
mildef group ab 100%
mildef limited Estimated Valuation
Pomanda estimates the enterprise value of MILDEF LIMITED at £12.4m based on a Turnover of £7.8m and 1.58x industry multiple (adjusted for size and gross margin).
mildef limited Estimated Valuation
Pomanda estimates the enterprise value of MILDEF LIMITED at £12.8m based on an EBITDA of £1.4m and a 9.23x industry multiple (adjusted for size and gross margin).
mildef limited Estimated Valuation
Pomanda estimates the enterprise value of MILDEF LIMITED at £1.9m based on Net Assets of £871.7k and 2.21x industry multiple (adjusted for liquidity).
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Mildef Limited Overview
Mildef Limited is a live company located in barry, CF62 4AF with a Companies House number of 05756627. It operates in the manufacture of computers and peripheral equipment sector, SIC Code 26200. Founded in March 2006, it's largest shareholder is mildef group ab with a 100% stake. Mildef Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.8m with rapid growth in recent years.
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Mildef Limited Health Check
Pomanda's financial health check has awarded Mildef Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £7.8m, make it smaller than the average company (£17.2m)
£7.8m - Mildef Limited
£17.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (5.2%)
59% - Mildef Limited
5.2% - Industry AVG
Production
with a gross margin of 38.9%, this company has a lower cost of product (29.1%)
38.9% - Mildef Limited
29.1% - Industry AVG
Profitability
an operating margin of 17.5% make it more profitable than the average company (3.5%)
17.5% - Mildef Limited
3.5% - Industry AVG
Employees
with 14 employees, this is below the industry average (69)
14 - Mildef Limited
69 - Industry AVG
Pay Structure
on an average salary of £52.7k, the company has an equivalent pay structure (£52.7k)
- Mildef Limited
£52.7k - Industry AVG
Efficiency
resulting in sales per employee of £558.6k, this is more efficient (£213.9k)
£558.6k - Mildef Limited
£213.9k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is earlier than average (49 days)
36 days - Mildef Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (32 days)
28 days - Mildef Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 250 days, this is more than average (72 days)
250 days - Mildef Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (20 weeks)
7 weeks - Mildef Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.4%, this is a higher level of debt than the average (51.7%)
84.4% - Mildef Limited
51.7% - Industry AVG
mildef limited Credit Report and Business Information
Mildef Limited Competitor Analysis
Perform a competitor analysis for mildef limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mildef limited Ownership
MILDEF LIMITED group structure
Mildef Limited has no subsidiary companies.
Ultimate parent company
MILDEF GROUP AB
#0067467
1 parent
MILDEF LIMITED
05756627
mildef limited directors
Mildef Limited currently has 3 directors. The longest serving directors include Mr Aubrey Fenn (Mar 2006) and Mr Daniel Ljunggren (Nov 2018).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Aubrey Fenn | United Kingdom | 58 years | Mar 2006 | - | Director |
Mr Daniel Ljunggren | United Kingdom | 44 years | Nov 2018 | - | Director |
Mr Gregory Clark | United Kingdom | 43 years | Jan 2020 | - | Director |
MILDEF LIMITED financials
Mildef Limited's latest turnover from December 2023 is £7.8 million and the company has net assets of £871.7 thousand. According to their latest financial statements, Mildef Limited has 14 employees and maintains cash reserves of £689.9 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 | 7,820,871 | 4,180,833 | 3,358,840 | 1,954,332 | 1,821,330 | 2,641,097 | 3,274,738 | 2,175,501 | 3,902,885 | 2,003,594 | 1,005,692 | ||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Cost Of Sales | 4,779,768 | 3,025,498 | 2,250,524 | 1,230,012 | 1,095,023 | 1,651,188 | 2,049,001 | 1,396,735 | 2,485,310 | 1,260,861 | 635,477 | ||||
Gross Profit | 3,041,103 | 1,155,335 | 1,108,316 | 724,320 | 726,307 | 989,909 | 1,225,737 | 778,766 | 1,417,575 | 742,733 | 370,215 | ||||
Admin Expenses | 1,669,999 | 1,296,228 | 1,170,918 | 916,304 | 1,151,761 | 939,550 | 886,588 | 657,781 | 730,399 | 563,739 | 453,974 | ||||
Operating Profit | 1,371,104 | -140,893 | -62,602 | -191,984 | -425,454 | 50,359 | 339,149 | 120,985 | 687,176 | 178,994 | -83,759 | ||||
Interest Payable | 203,166 | 117,500 | 54,294 | 21,454 | 17,142 | 520 | 0 | 17 | 1,668 | 6,864 | 7,500 | ||||
Interest Receivable | 0 | 0 | 318 | 0 | 102 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Pre-Tax Profit | 1,167,938 | -258,393 | -116,578 | -213,438 | -442,494 | 49,839 | 339,149 | 120,968 | 685,508 | 172,130 | -91,259 | ||||
Tax | 37,450 | 0 | 0 | 0 | 48,861 | 1,781 | -67,979 | -17,086 | -151,101 | -37,441 | 17,046 | ||||
Profit After Tax | 1,205,388 | -258,393 | -116,578 | -213,438 | -393,633 | 51,620 | 271,170 | 103,882 | 534,407 | 134,689 | -74,213 | ||||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 299,998 | 45,900 | 183,600 | 0 | 0 | 0 | ||||
Retained Profit | 1,205,388 | -258,393 | -116,578 | -213,438 | -393,633 | -248,378 | 225,270 | -79,718 | 534,407 | 134,689 | -74,213 | ||||
Employee Costs | 435,468 | 414,918 | 291,302 | 267,969 | |||||||||||
Number Of Employees | 14 | 10 | 9 | 9 | 9 | 10 | 8 | 8 | 7 | 6 | |||||
EBITDA* | 1,384,628 | -104,474 | -62,602 | -186,168 | -416,541 | 59,528 | 343,889 | 140,068 | 740,092 | 235,393 | -25,362 |
* 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 | 189,151 | 94,220 | 0 | 0 | 5,816 | 14,729 | 23,898 | 1,699 | 3,872 | 2,122 | 5,208 | 12,874 | 21,853 | 1,951 | 1,046 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,910 | 67,641 | 118,372 | 169,103 | 219,833 | 0 | 0 |
Investments & Other | 0 | 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 | 0 |
Total Fixed Assets | 189,151 | 94,220 | 0 | 0 | 5,816 | 14,729 | 23,898 | 1,699 | 20,782 | 69,763 | 123,580 | 181,977 | 241,686 | 1,951 | 1,046 |
Stock & work in progress | 3,284,797 | 123,288 | 32,761 | 35,014 | 51,240 | 40,104 | 82,101 | 84,367 | 36,661 | 29,942 | 36,262 | 47,318 | 31,717 | 0 | 0 |
Trade Debtors | 783,222 | 2,193,736 | 957,598 | 196,766 | 250,004 | 88,245 | 372,994 | 1,950,808 | 876,158 | 222,576 | 269,003 | 235,027 | 183,091 | 191,703 | 2,072 |
Group Debtors | 0 | 6,120 | 16,067 | 13,709 | 0 | 104,294 | 11,590 | 124 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 656,122 | 200,664 | 81,346 | 217,268 | 259,872 | 118,570 | 69,221 | 51,885 | 0 | 94,272 | 71,126 | 0 | 0 | 0 | 0 |
Cash | 689,868 | 179,966 | 763,163 | 154,815 | 51,641 | 464,158 | 773,144 | 125,673 | 584,950 | 223,838 | 20,749 | 101,479 | 6,744 | 37,730 | 49,433 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 5,414,009 | 2,703,774 | 1,850,935 | 617,572 | 612,757 | 815,371 | 1,309,050 | 2,212,857 | 1,497,769 | 570,628 | 397,140 | 383,824 | 221,552 | 229,433 | 51,505 |
total assets | 5,603,160 | 2,797,994 | 1,850,935 | 617,572 | 618,573 | 830,100 | 1,332,948 | 2,214,556 | 1,518,551 | 640,391 | 520,720 | 565,801 | 463,238 | 231,384 | 52,551 |
Bank overdraft | 0 | 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 | 0 |
Trade Creditors | 370,822 | 135,764 | 207,082 | 82,095 | 22,114 | 53,401 | 26,928 | 651,101 | 6,065 | 5,381 | 0 | 209,524 | 303,909 | 195,166 | 16,044 |
Group/Directors Accounts | 3,586,133 | 2,236,089 | 1,377,991 | 324,693 | 128,287 | 24,180 | 98,493 | 296,699 | 462,251 | 137,367 | 86,758 | 0 | 0 | 0 | 1,157 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 1,304 | 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 | 0 |
other current liabilities | 743,079 | 756,595 | 337,781 | 165,534 | 204,759 | 93,638 | 290,280 | 577,352 | 251,422 | 257,993 | 151,897 | 0 | 0 | 0 | 0 |
total current liabilities | 4,700,034 | 3,128,448 | 1,922,854 | 572,322 | 355,160 | 171,219 | 417,005 | 1,525,152 | 719,738 | 400,741 | 238,655 | 209,524 | 303,909 | 195,166 | 17,201 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 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 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 |
provisions | 31,445 | 3,253 | 3,395 | 3,986 | 8,711 | 10,546 | 19,230 | 17,961 | 47,652 | 22,896 | 0 | 0 | 166 | 407 | 217 |
total long term liabilities | 31,445 | 3,253 | 3,395 | 3,986 | 8,711 | 10,546 | 19,230 | 17,961 | 47,652 | 22,896 | 200,000 | 200,000 | 166 | 407 | 217 |
total liabilities | 4,731,479 | 3,131,701 | 1,926,249 | 576,308 | 363,871 | 181,765 | 436,235 | 1,543,113 | 767,390 | 423,637 | 438,655 | 409,524 | 304,075 | 195,573 | 17,418 |
net assets | 871,681 | -333,707 | -75,314 | 41,264 | 254,702 | 648,335 | 896,713 | 671,443 | 751,161 | 216,754 | 82,065 | 156,277 | 159,163 | 35,811 | 35,133 |
total shareholders funds | 871,681 | -333,707 | -75,314 | 41,264 | 254,702 | 648,335 | 896,713 | 671,443 | 751,161 | 216,754 | 82,065 | 156,277 | 159,163 | 35,811 | 35,133 |
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 | 1,371,104 | -140,893 | -62,602 | -191,984 | -425,454 | 50,359 | 339,149 | 120,985 | 687,176 | 178,994 | -83,759 | ||||
Depreciation | 13,524 | 36,419 | 0 | 5,816 | 8,913 | 9,169 | 4,740 | 2,173 | 2,185 | 5,668 | 7,666 | 8,860 | 2,294 | 802 | 432 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,910 | 50,731 | 50,731 | 50,731 | 50,731 | 33,821 | 0 | 0 |
Tax | 37,450 | 0 | 0 | 0 | 48,861 | 1,781 | -67,979 | -17,086 | -151,101 | -37,441 | 17,046 | ||||
Stock | 3,161,509 | 90,527 | -2,253 | -16,226 | 11,136 | -41,997 | -2,266 | 47,706 | 6,719 | -6,320 | -11,056 | 15,601 | 31,717 | 0 | 0 |
Debtors | -961,176 | 1,345,509 | 627,268 | -82,133 | 198,767 | -142,696 | -1,549,012 | 1,126,659 | 559,310 | -23,281 | 105,102 | 51,936 | -8,612 | 189,631 | 2,072 |
Creditors | 235,058 | -71,318 | 124,987 | 59,981 | -31,287 | 26,473 | -624,173 | 645,036 | 684 | 5,381 | -209,524 | -94,385 | 108,743 | 179,122 | 16,044 |
Accruals and Deferred Income | -13,516 | 418,814 | 172,247 | -39,225 | 111,121 | -196,642 | -287,072 | 325,930 | -6,571 | 106,096 | 151,897 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 28,192 | -142 | -591 | -4,725 | -1,835 | -8,684 | 1,269 | -29,691 | 24,756 | 22,896 | 0 | -166 | -241 | 190 | 217 |
Cash flow from operations | -528,521 | -1,193,156 | -390,974 | -71,778 | -499,584 | 67,149 | 917,212 | -110,108 | 41,831 | 361,926 | -159,989 | ||||
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | 0 | -26,940 | 0 | -3,935 | -2,582 | -7,502 | |||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | -26,940 | 0 | -3,935 | -2,582 | -7,502 | |||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 1,350,044 | 858,098 | 1,053,298 | 196,406 | 104,107 | -74,313 | -198,206 | -165,552 | 324,884 | 50,609 | 86,758 | 0 | 0 | -1,157 | 1,157 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -1,304 | 1,304 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200,000 | 200,000 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200,000 | 200,000 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | -203,166 | -117,500 | -53,976 | -21,454 | -17,040 | -520 | 0 | -17 | -1,668 | -6,864 | -7,500 | ||||
cash flow from financing | 1,146,878 | 740,598 | 999,322 | 174,952 | 87,067 | -76,137 | -196,902 | -165,569 | 323,216 | -156,255 | 79,259 | ||||
cash and cash equivalents | |||||||||||||||
cash | 509,902 | -583,197 | 608,348 | 103,174 | -412,517 | -308,986 | 647,471 | -459,277 | 361,112 | 203,089 | -80,730 | 94,735 | -30,986 | -11,703 | 49,433 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 509,902 | -583,197 | 608,348 | 103,174 | -412,517 | -308,986 | 647,471 | -459,277 | 361,112 | 203,089 | -80,730 | 94,735 | -30,986 | -11,703 | 49,433 |
P&L
December 2023turnover
7.8m
+87%
operating profit
1.4m
-1073%
gross margin
38.9%
+40.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
871.7k
-3.61%
total assets
5.6m
+1%
cash
689.9k
+2.83%
net assets
Total assets minus all liabilities
mildef limited company details
company number
05756627
Type
Private limited with Share Capital
industry
26200 - Manufacture of computers and peripheral equipment
incorporation date
March 2006
age
18
accounts
Small Company
ultimate parent company
previous names
login crete limited (April 2011)
incorporated
UK
address
building 232/gcc, dragon way, bro tathan west, barry, CF62 4AF
last accounts submitted
December 2023
mildef 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 did not find charges/mortgages relating to mildef limited.
mildef limited Companies House Filings - See Documents
date | description | view/download |
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