maindrain lincs ltd
maindrain lincs ltd Company Information
Company Number
05876410
Registered Address
metro house skellingthorpe road, saxilby, lincoln, LN1 5AB
Industry
Specialised cleaning services
Telephone
01205311800
Next Accounts Due
September 2024
Group Structure
View All
Directors
Spencer Horsfield9 Years
Shareholders
spencer horsfield 83%
angela horsfield 16.3%
View Allmaindrain lincs ltd Estimated Valuation
Pomanda estimates the enterprise value of MAINDRAIN LINCS LTD at £163k based on a Turnover of £523.7k and 0.31x industry multiple (adjusted for size and gross margin).
maindrain lincs ltd Estimated Valuation
Pomanda estimates the enterprise value of MAINDRAIN LINCS LTD at £346.6k based on an EBITDA of £136k and a 2.55x industry multiple (adjusted for size and gross margin).
maindrain lincs ltd Estimated Valuation
Pomanda estimates the enterprise value of MAINDRAIN LINCS LTD at £794.8k based on Net Assets of £332k and 2.39x industry multiple (adjusted for liquidity).
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Maindrain Lincs Ltd Overview
Maindrain Lincs Ltd is a live company located in lincoln, LN1 5AB with a Companies House number of 05876410. It operates in the specialised cleaning services sector, SIC Code 81222. Founded in July 2006, it's largest shareholder is spencer horsfield with a 82.9% stake. Maindrain Lincs Ltd is a established, small sized company, Pomanda has estimated its turnover at £523.7k with declining growth in recent years.
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Maindrain Lincs Ltd Health Check
Pomanda's financial health check has awarded Maindrain Lincs Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
5 Weak
Size
annual sales of £523.7k, make it larger than the average company (£117.2k)
- Maindrain Lincs Ltd
£117.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (9.4%)
- Maindrain Lincs Ltd
9.4% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (38.7%)
- Maindrain Lincs Ltd
38.7% - Industry AVG
Profitability
an operating margin of 12.8% make it more profitable than the average company (4.5%)
- Maindrain Lincs Ltd
4.5% - Industry AVG
Employees
with 23 employees, this is above the industry average (9)
23 - Maindrain Lincs Ltd
9 - Industry AVG
Pay Structure
on an average salary of £18.4k, the company has an equivalent pay structure (£18.4k)
- Maindrain Lincs Ltd
£18.4k - Industry AVG
Efficiency
resulting in sales per employee of £22.8k, this is less efficient (£34.3k)
- Maindrain Lincs Ltd
£34.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Maindrain Lincs Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Maindrain Lincs Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 148 days, this is more than average (11 days)
- Maindrain Lincs Ltd
11 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Maindrain Lincs Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87%, this is a higher level of debt than the average (67.4%)
87% - Maindrain Lincs Ltd
67.4% - Industry AVG
MAINDRAIN LINCS LTD financials
Maindrain Lincs Ltd's latest turnover from December 2022 is estimated at £523.7 thousand and the company has net assets of £332 thousand. According to their latest financial statements, Maindrain Lincs Ltd has 23 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 23 | 23 | 20 | 22 | 19 | 19 | 19 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,526,807 | 1,346,551 | 1,103,758 | 729,575 | 679,823 | 500,415 | 442,428 | 346,907 | 312,501 | 235,295 | 186,043 | 147,447 | 118,038 | 122,981 |
| Intangible Assets | 0 | 2,902 | 7,906 | 12,910 | 17,914 | 25,000 | 30,000 | 35,000 | 40,000 | 45,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 845,475 | 206,999 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,372,282 | 1,556,452 | 1,111,664 | 742,485 | 697,737 | 525,415 | 472,428 | 381,907 | 352,501 | 280,295 | 186,043 | 147,447 | 118,038 | 122,981 |
| Stock & work in progress | 175,850 | 175,850 | 164,500 | 164,500 | 167,000 | 146,217 | 112,536 | 108,800 | 19,000 | 9,200 | 7,666 | 16,000 | 16,000 | 14,500 |
| Trade Debtors | 0 | 0 | 217,123 | 218,755 | 235,779 | 302,222 | 309,112 | 248,000 | 194,000 | 162,000 | 79,824 | 42,046 | 59,674 | 37,166 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 16,153 | 29,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 2,820 | 130,964 | 0 | 0 | 0 | 0 | 1,116 | 1,090 | 2,253 | 0 | 0 | 5,814 | 15,471 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 175,850 | 178,670 | 512,587 | 383,255 | 402,779 | 464,592 | 450,898 | 357,916 | 214,090 | 173,453 | 87,490 | 58,046 | 81,488 | 67,137 |
| total assets | 2,548,132 | 1,735,122 | 1,624,251 | 1,125,740 | 1,100,516 | 990,007 | 923,326 | 739,823 | 566,591 | 453,748 | 273,533 | 205,493 | 199,526 | 190,118 |
| Bank overdraft | 92,964 | 0 | 0 | 0 | 0 | 38,608 | 69,044 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 18,961 | 0 | 0 | 0 | 0 | 0 | 0 | 64,690 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 201,994 | 260,892 | 378,067 | 368,283 | 90,307 | 23,702 | 222,844 | 190,360 | 167,178 | 102,651 | 99,671 | 86,677 | 68,638 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 119,560 | 0 | 0 | 0 | 0 | 5,812 | 5,812 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,607 | 0 | 0 | 0 | 0 | 122,320 | 249,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 238,092 | 201,994 | 260,892 | 378,067 | 368,283 | 257,047 | 348,334 | 287,534 | 190,360 | 167,178 | 102,651 | 99,671 | 86,677 | 68,638 |
| loans | 1,080,257 | 0 | 0 | 0 | 0 | 180,777 | 70,486 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 897,800 | 0 | 0 | 0 | 0 | 5,812 | 11,625 | 17,542 | 0 | 0 | 0 | 0 | 0 | 19,302 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 1,209,385 | 1,034,538 | 433,547 | 336,504 | 248,933 | 196,227 | 153,448 | 120,541 | 88,847 | 28,797 | 8,133 | 16,485 | 12,419 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,978,057 | 1,209,385 | 1,034,538 | 433,547 | 336,504 | 435,522 | 278,338 | 170,990 | 120,541 | 88,847 | 28,797 | 8,133 | 16,485 | 31,721 |
| total liabilities | 2,216,149 | 1,411,379 | 1,295,430 | 811,614 | 704,787 | 692,569 | 626,672 | 458,524 | 310,901 | 256,025 | 131,448 | 107,804 | 103,162 | 100,359 |
| net assets | 331,983 | 323,743 | 328,821 | 314,126 | 395,729 | 297,438 | 296,654 | 281,299 | 255,690 | 197,723 | 142,085 | 97,689 | 96,364 | 89,759 |
| total shareholders funds | 331,983 | 323,743 | 328,821 | 314,126 | 395,729 | 297,438 | 296,654 | 281,299 | 255,690 | 197,723 | 142,085 | 97,689 | 96,364 | 89,759 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 66,301 | 66,300 | 52,718 | 75,694 | 90,326 | 58,141 | 64,345 | 42,941 | 44,124 | 30,753 | 19,730 | 23,608 | 24,596 | 18,704 |
| Amortisation | 2,902 | 5,004 | 5,004 | 5,004 | 7,086 | 5,000 | 5,000 | 5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 11,350 | 0 | -2,500 | 20,783 | 33,681 | 3,736 | 89,800 | 9,800 | 1,534 | -8,334 | 0 | 1,500 | 14,500 |
| Debtors | 638,476 | -10,124 | -1,632 | -17,024 | -82,596 | -19,987 | 90,362 | 54,000 | 32,000 | 82,176 | 37,778 | -17,628 | 22,508 | 37,166 |
| Creditors | -201,994 | -58,898 | -117,175 | 9,784 | 277,976 | 66,605 | -199,142 | 32,484 | 23,182 | 64,527 | 2,980 | 12,994 | 18,039 | 68,638 |
| Accruals and Deferred Income | 6,607 | 0 | 0 | 0 | -122,320 | -127,456 | 249,776 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 18,961 | 0 | 0 | 0 | 0 | 0 | -64,690 | 64,690 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1,080,257 | 0 | 0 | 0 | -180,777 | 110,291 | 70,486 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 1,017,360 | 0 | 0 | 0 | -11,624 | -5,813 | -105 | 17,542 | 0 | 0 | 0 | 0 | -19,302 | 19,302 |
| other long term liabilities | -1,209,385 | 174,847 | 600,991 | 97,043 | 87,571 | 52,706 | 42,779 | 32,907 | 31,694 | 60,050 | 20,664 | -8,352 | 4,066 | 12,419 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,820 | -128,144 | 130,964 | 0 | 0 | 0 | -1,116 | 26 | -1,163 | 2,253 | 0 | -5,814 | -9,657 | 15,471 |
| overdraft | 92,964 | 0 | 0 | 0 | -38,608 | -30,436 | 69,044 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -95,784 | -128,144 | 130,964 | 0 | 38,608 | 30,436 | -70,160 | 26 | -1,163 | 2,253 | 0 | -5,814 | -9,657 | 15,471 |
maindrain lincs ltd Credit Report and Business Information
Maindrain Lincs Ltd Competitor Analysis
Perform a competitor analysis for maindrain lincs ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
maindrain lincs ltd Ownership
MAINDRAIN LINCS LTD group structure
Maindrain Lincs Ltd has no subsidiary companies.
Ultimate parent company
MAINDRAIN LINCS LTD
05876410
maindrain lincs ltd directors
Maindrain Lincs Ltd currently has 1 director, Mr Spencer Horsfield serving since Jan 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Spencer Horsfield | England | 63 years | Jan 2015 | - | Director |
P&L
December 2022turnover
523.7k
-14%
operating profit
66.8k
0%
gross margin
17.6%
+4.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
332k
+0.03%
total assets
2.5m
+0.47%
cash
0
-1%
net assets
Total assets minus all liabilities
maindrain lincs ltd company details
company number
05876410
Type
Private limited with Share Capital
industry
81222 - Specialised cleaning services
incorporation date
July 2006
age
18
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
metro house skellingthorpe road, saxilby, lincoln, LN1 5AB
last accounts submitted
December 2022
maindrain lincs ltd 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 3 charges/mortgages relating to maindrain lincs ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
maindrain lincs ltd Companies House Filings - See Documents
| date | description | view/download |
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