Mikerry Rail Limited

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mikerry rail limited Company Information

Live

EstablishedSmallHealthy

Company Number

05904518

Website

www.mikerryrail.co.uk

Registered Address

unit 1 pontsarn road, merthyr tydfil, mid glamorgan, CF48 2TN

Industry

Construction of railways and underground railways

Telephone

01685377011

Next Accounts Due

December 2024

Group Structure

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Directors

Kerry Mullin17 Years

Michael Williams17 Years

Shareholders

mikerry holdings ltd 100%

mikerry rail limited Estimated Valuation

£359.7k

Pomanda estimates the enterprise value of MIKERRY RAIL LIMITED at £359.7k based on an EBITDA of £208.6k and a 1.72x industry multiple (adjusted for size and gross margin).

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Mikerry Rail Limited is a live company located in mid glamorgan, CF48 2TN with a Companies House number of 05904518. It operates in the construction of railways and underground railways sector, SIC Code 42120. Founded in August 2006, it's largest shareholder is mikerry holdings ltd with a 100% stake. Mikerry Rail Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Mikerry Rail Limited a 4 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 Rating4out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1m, make it larger than the average company (£110.8k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.3%)

EXPORT

Mikerry Rail Limited's latest turnover from March 2023 is estimated at £1 million and the company has net assets of -£24.7 thousand. According to their latest financial statements, Mikerry Rail Limited has 4 employees and maintains cash reserves of £155.1 thousand 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	Jan 2012	Jan 2011	Jan 2010
Turnover	1,043,140	894,655	882,155	782,820	1,167,962	1,187,750	4,051,282	3,916,875	7,097,028	8,609,615	4,047,942	2,371,359	1,945,671	2,361,501
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	743,958	672,058	581,029	543,800	474,227	799,855	2,835,812	2,987,987	5,426,057	6,741,687	3,218,337	2,021,872	1,485,111	2,119,449
Gross Profit	299,182	222,597	301,127	239,021	693,735	387,895	1,215,471	928,887	1,670,971	1,867,928	829,605	349,487	460,560	242,052
Admin Expenses	94,485	274,214	488,310	1,789,967	833,980	-507,062	289,633	1,031,825	1,522,465	1,732,301	684,520	260,817	475,268	234,959
Operating Profit	204,697	-51,617	-187,183	-1,550,946	-140,245	894,957	925,838	-102,938	148,506	135,627	145,085	88,670	-14,708	7,093
Interest Payable	13,667	12,094	6,100	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,374	947	68	190	5,221	4,152	872	692	705	372	67	21	0	0
Pre-Tax Profit	198,404	-62,763	-193,215	-1,550,756	-135,024	899,109	926,710	-102,246	149,211	135,999	145,151	88,691	-14,708	7,093
Tax	-37,697	0	0	0	0	-170,831	-185,342	0	-31,334	-31,280	-34,836	-23,060	0	-1,986
Profit After Tax	160,707	-62,763	-193,215	-1,550,756	-135,024	728,278	741,368	-102,246	117,877	104,719	110,315	65,631	-14,708	5,107
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	160,707	-62,763	-193,215	-1,550,756	-135,024	728,278	741,368	-102,246	117,877	104,719	110,315	65,631	-14,708	5,107
Employee Costs	187,904	207,853	199,582	212,748	219,876	204,670	258,077	330,491	1,953,050	2,829,851	1,451,488	782,582	712,122	734,384
Number Of Employees	4	4	4	4	4	4	5	6	37	51	27	16	14	14
EBITDA*	208,590	-48,202	-181,537	-1,543,681	-116,422	936,719	974,295	-67,183	193,453	158,041	157,949	98,592	-8,796	13,969

* 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	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	13,543	8,836	12,251	16,998	21,933	80,458	116,179	119,629	148,857	108,164	53,372	38,999	21,750	18,912
Intangible Assets	0	0	0	0	0	0	0	0	0	0	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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	13,543	8,836	12,251	16,998	21,933	80,458	116,179	119,629	148,857	108,164	53,372	38,999	21,750	18,912
Stock & work in progress	120,603	27,970	10,000	10,000	120,516	46,052	115,519	95,202	63,613	0	0	0	0	0
Trade Debtors	288,009	286,452	220,544	216,373	349,493	411,064	1,250,123	930,659	957,681	1,303,677	661,381	307,647	150,293	332,249
Group Debtors	187,111	107,292	118,051	33,068	1,245,246	864,656	398,602	180,313	0	0	0	0	0	0
Misc Debtors	102,018	217,529	140,295	129,049	163,995	157,437	50,532	76,213	91,980	72,192	75,295	96,695	73,109	0
Cash	155,126	191,863	60,781	75,990	303,622	1,088,718	572,026	125,262	151,593	130,400	18,374	8,228	3	3
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	852,867	831,106	549,671	464,480	2,182,872	2,567,927	2,386,802	1,407,649	1,264,867	1,506,269	755,050	412,570	223,405	332,252
total assets	866,410	839,942	561,922	481,478	2,204,805	2,648,385	2,502,981	1,527,278	1,413,724	1,614,433	808,422	451,569	245,155	351,164
Bank overdraft	50,000	50,000	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	21,448	14,899	125,319	56,282	100,443	20,935	102,865	101,273	977,672	1,310,150	629,276	395,537	254,754	343,012
Group/Directors Accounts	467,410	526,093	106,368	138,529	129,676	64,598	127,677	88,695	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	11,126	20,964	0	0	0	0	0	0
other current liabilities	293,927	326,032	252,887	216,104	353,367	806,509	1,219,229	998,903	0	0	0	0	0	0
total current liabilities	832,785	917,024	484,574	410,915	583,486	892,042	1,460,897	1,209,835	977,672	1,310,150	629,276	395,537	254,754	343,012
loans	58,333	108,333	200,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	14,019	30,746	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	0	0	0	47,109	33,217	12,799	0	0	3,043
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	58,333	108,333	200,000	0	0	0	14,019	30,746	47,109	33,217	12,799	0	0	3,043
total liabilities	891,118	1,025,357	684,574	410,915	583,486	892,042	1,474,916	1,240,581	1,024,781	1,343,367	642,075	395,537	254,754	346,055
net assets	-24,708	-185,415	-122,652	70,563	1,621,319	1,756,343	1,028,065	286,697	388,943	271,066	166,347	56,032	-9,599	5,109
total shareholders funds	-24,708	-185,415	-122,652	70,563	1,621,319	1,756,343	1,028,065	286,697	388,943	271,066	166,347	56,032	-9,599	5,109

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	204,697	-51,617	-187,183	-1,550,946	-140,245	894,957	925,838	-102,938	148,506	135,627	145,085	88,670	-14,708	7,093
Depreciation	3,893	3,415	5,646	7,265	23,823	41,762	48,457	35,755	44,947	22,414	12,864	9,922	5,912	6,876
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-37,697	0	0	0	0	-170,831	-185,342	0	-31,334	-31,280	-34,836	-23,060	0	-1,986
Stock	92,633	17,970	0	-110,516	74,464	-69,467	20,317	31,589	63,613	0	0	0	0	0
Debtors	-34,135	132,383	100,400	-1,380,244	325,577	-266,100	512,072	137,524	-326,208	639,193	332,334	180,940	-108,847	332,249
Creditors	6,549	-110,420	69,037	-44,161	79,508	-81,930	1,592	-876,399	-332,478	680,874	233,739	140,783	-88,258	343,012
Accruals and Deferred Income	-32,105	73,145	36,783	-137,263	-453,142	-412,720	220,326	998,903	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	86,839	-235,830	-176,117	-234,345	-890,097	606,805	478,482	-113,792	92,236	168,442	24,518	35,375	11,793	22,746
Investing Activities
capital expenditure	-8,600	0	-899	-2,330	34,702	-6,041	-45,007	-6,527	-85,640	-77,206	-27,237	-27,171	-8,750	-25,788
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,600	0	-899	-2,330	34,702	-6,041	-45,007	-6,527	-85,640	-77,206	-27,237	-27,171	-8,750	-25,788
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-58,683	419,725	-32,161	8,853	65,078	-63,079	38,982	88,695	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	-50,000	-91,667	200,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-25,145	-26,565	51,710	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-47,109	13,892	20,418	12,799	0	-3,043	3,043
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-6,293	-11,147	-6,032	190	5,221	4,152	872	692	705	372	67	21	0	0
cash flow from financing	-114,976	316,911	161,807	9,043	70,299	-84,072	13,289	93,988	14,597	20,790	12,866	21	-3,043	3,045
cash and cash equivalents
cash	-36,737	131,082	-15,209	-227,632	-785,096	516,692	446,764	-26,331	21,193	112,026	10,146	8,225	0	3
overdraft	0	50,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-36,737	81,082	-15,209	-227,632	-785,096	516,692	446,764	-26,331	21,193	112,026	10,146	8,225	0	3

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIKERRY RAIL LIMITED group structure

Mikerry Rail Limited has no subsidiary companies.

Ultimate parent company

MIKERRY HOLDINGS LIMITED

09083970

1 parent

MIKERRY RAIL LIMITED

05904518

MIKERRY RAIL LIMITED Shareholders

mikerry holdings ltd

100%

Mikerry Rail Limited currently has 2 directors. The longest serving directors include Mr Kerry Mullin (Aug 2006) and Mr Michael Williams (Aug 2006).

officer	country	age	start	end	role
Mr Kerry Mullin		45 years	Aug 2006	-	Director
Mr Michael Williams	Wales	52 years	Aug 2006	-	Director

P&L

March 2023

turnover

+17%

operating profit

204.7k

gross margin

28.7%

+15.27%

turnover

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

Balance Sheet

March 2023

net assets

-24.7k

-0.87%

total assets

866.4k

+0.03%

cash

155.1k

-0.19%

net assets

Total assets minus all liabilities

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company number

05904518

Type

Private limited with Share Capital

industry

42120 - Construction of railways and underground railways

incorporation date

August 2006

age

accounts

Total Exemption Full

ultimate parent company

MIKERRY HOLDINGS LIMITED

previous names

N/A

incorporated

address

unit 1 pontsarn road, merthyr tydfil, mid glamorgan, CF48 2TN

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.

We found 3 charges/mortgages relating to mikerry rail limited. Currently there are 2 open charges and 1 have been satisfied in the past.

mikerry rail limited Company Information

mikerry rail limited Estimated Valuation

mikerry rail limited Estimated Valuation

mikerry rail limited Estimated Valuation

Mikerry Rail Limited Overview

Mikerry Rail Limited Health Check

MIKERRY RAIL LIMITED financials

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mikerry rail limited Ownership

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