Mussett Composites Limited

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mussett composites limited Company Information

Dissolved

Company Number

05876022

Website

www.mussett.co.uk

Registered Address

cba business solutions ltd, a8cjwqls126 new walk, leicester, leicestershire, LE1 7JA

Industry

Other manufacturing n.e.c.

Telephone

01508522500

Next Accounts Due

June 2024

Group Structure

View All

Directors

Gordon Mussett17 Years

Mark Chapman8 Years

Shareholders

mussett aerospace ltd 100%

mussett composites limited Estimated Valuation

£932.1k

Pomanda estimates the enterprise value of MUSSETT COMPOSITES LIMITED at £932.1k based on a Turnover of £1.5m and 0.6x industry multiple (adjusted for size and gross margin).

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Mussett Composites Limited is a dissolved company that was located in leicester, LE1 7JA with a Companies House number of 05876022. It operated in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 2006, it's largest shareholder was mussett aerospace ltd with a 100% stake. The last turnover for Mussett Composites Limited was estimated at £1.5m.

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Pomanda's financial health check has awarded Mussett Composites Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.6%)

EXPORT

Mussett Composites Limited's latest turnover from July 2018 is estimated at £1.5 million and the company has net assets of -£540.5 thousand. According to their latest financial statements, we estimate that Mussett Composites Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,549,296	414,448	190,318	1,049,210	1,034,180	1,056,496	932,604	890,864	821,686	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,226,317	321,542	146,890	817,343	804,778	821,472	723,668	690,667	635,256	0
Gross Profit	322,979	92,907	43,428	231,867	229,402	235,024	208,936	200,196	186,429	0
Admin Expenses	186,882	-124,273	-47,193	271,567	313,728	391,984	329,668	310,363	342,505	231,558
Operating Profit	136,097	217,180	90,621	-39,700	-84,326	-156,960	-120,732	-110,167	-156,076	-231,558
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7	30	99	82	39	26	69	69	24	0
Pre-Tax Profit	136,104	217,210	90,720	-39,618	-84,287	-156,934	-120,663	-110,098	-156,052	-231,558
Tax	-25,860	-41,270	-18,144	0	0	0	0	0	0	0
Profit After Tax	110,244	175,940	72,576	-39,618	-84,287	-156,934	-120,663	-110,098	-156,052	-231,558
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	110,244	175,940	72,576	-39,618	-84,287	-156,934	-120,663	-110,098	-156,052	-231,558
Employee Costs	244,973	67,514	33,149	162,046	159,228	155,342	157,256	152,595	147,689	0
Number Of Employees	7	2	1	5	5	5	5	5	5	0
EBITDA*	136,097	226,020	109,978	-12,830	-57,456	-130,090	-93,861	-83,297	-129,206	-204,687

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	1	7,366	16,206	74,754	101,624	128,494	155,364	182,235	209,105	235,975
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	1	7,366	16,206	74,754	101,624	128,494	155,364	182,235	209,105	235,975
Stock & work in progress	0	17,700	13,807	6,541	10,098	12,508	15,730	18,275	10,300	12,025
Trade Debtors	189,093	154,650	63,742	25,596	27,632	40,359	47,610	72,539	81,216	94,564
Group Debtors	0	45,186	161	0	0	0	0	0	0	0
Misc Debtors	0	5,400	10,995	0	0	0	0	0	0	0
Cash	0	2,628	21,048	18,378	14,478	988	9,493	17,940	9,645	0
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	189,093	225,564	109,753	50,515	52,208	53,855	72,833	108,754	101,161	106,589
total assets	189,094	232,930	125,959	125,269	153,832	182,349	228,197	290,989	310,266	342,564
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	729,544	67,210	36,788	974,479	963,424	907,654	796,568	738,697	647,876	524,122
Group/Directors Accounts	0	728,717	846,673	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	37,697	19,132	0	0	0	0	0	0	0
total current liabilities	729,544	833,624	902,593	974,479	963,424	907,654	796,568	738,697	647,876	524,122
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0
total liabilities	729,544	833,624	902,593	974,479	963,424	907,654	796,568	738,697	647,876	524,122
net assets	-540,450	-600,694	-776,634	-849,210	-809,592	-725,305	-568,371	-447,708	-337,610	-181,558
total shareholders funds	-540,450	-600,694	-776,634	-849,210	-809,592	-725,305	-568,371	-447,708	-337,610	-181,558

	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	136,097	217,180	90,621	-39,700	-84,326	-156,960	-120,732	-110,167	-156,076	-231,558
Depreciation	0	8,840	19,357	26,870	26,870	26,870	26,871	26,870	26,870	26,871
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-25,860	-41,270	-18,144	0	0	0	0	0	0	0
Stock	-17,700	3,893	7,266	-3,557	-2,410	-3,222	-2,545	7,975	-1,725	12,025
Debtors	-16,143	130,338	49,302	-2,036	-12,727	-7,251	-24,929	-8,677	-13,348	94,564
Creditors	662,334	30,422	-937,691	11,055	55,770	111,086	57,871	90,821	123,754	524,122
Accruals and Deferred Income	-37,697	18,565	19,132	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	768,717	99,506	-883,293	3,818	13,451	-8,531	-8,516	8,226	9,621	212,846
Investing Activities
capital expenditure	7,365	0	39,191	0	0	0	0	0	0	-262,846
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	7,365	0	39,191	0	0	0	0	0	0	-262,846
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-728,717	-117,956	846,673	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	-50,000	0	0	0	0	0	0	0	0	50,000
interest	7	30	99	82	39	26	69	69	24	0
cash flow from financing	-778,710	-117,926	846,772	82	39	26	69	69	24	50,000
cash and cash equivalents
cash	-2,628	-18,420	2,670	3,900	13,490	-8,505	-8,447	8,295	9,645	0
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-2,628	-18,420	2,670	3,900	13,490	-8,505	-8,447	8,295	9,645	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MUSSETT COMPOSITES LIMITED group structure

Mussett Composites Limited has no subsidiary companies.

Ultimate parent company

MUSSETT AEROSPACE LTD

05761558

1 parent

MUSSETT COMPOSITES LIMITED

05876022

MUSSETT COMPOSITES LIMITED Shareholders

mussett aerospace ltd

100%

Mussett Composites Limited currently has 2 directors. The longest serving directors include Mr Gordon Mussett (Jul 2006) and Mr Mark Chapman (Nov 2015).

officer	country	age	start	end	role
Mr Gordon Mussett		74 years	Jul 2006	-	Director
Mr Mark Chapman		59 years	Nov 2015	-	Director

P&L

July 2018

turnover

1.5m

+274%

operating profit

136.1k

gross margin

20.9%

-7%

turnover

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

Balance Sheet

July 2018

net assets

-540.5k

-0.1%

total assets

189.1k

-0.19%

cash

-1%

net assets

Total assets minus all liabilities

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company number

05876022

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

July 2006

age

accounts

Micro-Entity Accounts

ultimate parent company

MUSSETT AEROSPACE LTD

previous names

N/A

incorporated

address

cba business solutions ltd, a8cjwqls126 new walk, leicester, leicestershire, LE1 7JA

last accounts submitted

July 2018

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 mussett composites limited.

mussett composites limited Company Information

mussett composites limited Estimated Valuation

mussett composites limited Estimated Valuation

mussett composites limited Estimated Valuation

Mussett Composites Limited Overview

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MUSSETT COMPOSITES LIMITED financials

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