Mid-west Services (uk) Ltd

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mid-west services (uk) ltd Company Information

Live

EstablishedSmallDeclining

Company Number

05928778

Website

http://sbnetwork.co.uk

Registered Address

3rd floor 415 high street, stratford, london, E15 4QZ

Industry

Other personal service activities n.e.c.

Specialised construction activities (other than scaffold erection) n.e.c.

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Telephone

03336660088

Next Accounts Due

June 2024

Group Structure

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Directors

Mark Odenore17 Years

Shareholders

mark eugene odenore 100%

mid-west services (uk) ltd Estimated Valuation

£299.5k

Pomanda estimates the enterprise value of MID-WEST SERVICES (UK) LTD at £299.5k based on a Turnover of £743.5k and 0.4x industry multiple (adjusted for size and gross margin).

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Mid-west Services (uk) Ltd is a live company located in london, E15 4QZ with a Companies House number of 05928778. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in September 2006, it's largest shareholder is mark eugene odenore with a 100% stake. Mid-west Services (uk) Ltd is a established, small sized company, Pomanda has estimated its turnover at £743.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Mid-West Services (Uk) Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

4 Weak

Size

annual sales of £743.5k, make it smaller than the average company (£5.4m)

Growth

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

EXPORT

Mid-West Services (Uk) Ltd's latest turnover from September 2022 is estimated at £743.5 thousand and the company has net assets of -£927.6 thousand. According to their latest financial statements, Mid-West Services (Uk) Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	743,501	1,202,355	1,302,157	1,035,984	3,006,172	0	0	564,694	514,291	560,145	774,150	320,887	183,531	81,194
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	554,197	915,328	984,370	770,189	2,236,494	0	0	416,384	380,861	407,148	559,465	229,499	129,859	64,955
Gross Profit	189,304	287,027	317,787	265,795	769,678	0	0	148,311	133,430	152,997	214,685	91,389	53,672	16,239
Admin Expenses	773,327	525,948	393,347	-164,505	1,111,420	-32,577	-2,368	151,849	110,533	195,789	194,729	101,234	37,054	10,091
Operating Profit	-584,023	-238,921	-75,560	430,300	-341,742	32,577	2,368	-3,538	22,897	-42,792	19,956	-9,845	16,618	6,148
Interest Payable	25,955	19,685	9,606	4,102	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	171	433	134	47	0	0	5	6	70	80	12
Pre-Tax Profit	-609,978	-258,606	-85,166	426,368	-341,309	32,711	2,415	-3,538	22,897	-42,787	19,962	-9,775	16,699	6,160
Tax	0	0	0	-81,010	0	-6,215	-483	0	-4,808	0	-4,791	0	-4,676	-1,725
Profit After Tax	-609,978	-258,606	-85,166	345,358	-341,309	26,496	1,932	-3,538	18,089	-42,787	15,171	-9,775	12,023	4,435
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-609,978	-258,606	-85,166	345,358	-341,309	26,496	1,932	-3,538	18,089	-42,787	15,171	-9,775	12,023	4,435
Employee Costs	216,536	170,186	200,302	397,658	1,204,333	0	0	250,311	246,489	274,763	367,456	149,504	88,623	0
Number Of Employees	6	5	6	12	37	0	0	8	8	9	12	5	3	0
EBITDA*	-584,023	-238,921	-75,560	431,767	-341,742	32,577	2,868	-1,487	25,700	-39,835	21,720	-8,225	17,984	6,527

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	1,467	1,467	1,467	1,967	4,018	6,821	2,780	3,827	4,178	1,318
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	11,366	11,366	60,000	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	11,366	11,366	60,000	1,467	1,467	1,467	1,967	4,018	6,821	2,780	3,827	4,178	1,318
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	221,290	221,290	135,928	0	0	0	68,077	63,123	61,934	103,977	42,657	16,742	15,662
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	40,028	40,028	0	0	0	0	0	0	0
Cash	0	0	0	0	45,487	70,081	37,331	0	0	0	1,986	495	27,462	4,714
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	0	221,290	221,290	135,928	45,487	110,109	77,359	68,077	63,123	61,934	105,963	43,152	44,204	20,376
total assets	0	232,656	232,656	195,928	46,954	111,576	78,826	70,044	67,141	68,755	108,743	46,979	48,382	21,694
Bank overdraft	30,834	294,895	36,289	9,429	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	66,000	47,000	47,000	47,000	296,000	0	0	76,326	69,885	89,588	86,789	40,196	31,824	17,159
Group/Directors Accounts	137,799	51,221	51,221	0	70,117	70,117	70,117	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	546,566	0	0	1,187	0	19,313	13,059	0	0	0	0	0	0	0
total current liabilities	781,199	393,116	134,510	57,616	366,117	89,430	83,176	76,326	69,885	89,588	86,789	40,196	31,824	17,159
loans	146,356	157,117	157,117	112,117	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	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	146,356	157,117	157,117	112,117	0	0	0	0	0	0	0	0	0	0
total liabilities	927,555	550,233	291,627	169,733	366,117	89,430	83,176	76,326	69,885	89,588	86,789	40,196	31,824	17,159
net assets	-927,555	-317,577	-58,971	26,195	-319,163	22,146	-4,350	-6,282	-2,744	-20,833	21,954	6,783	16,558	4,535
total shareholders funds	-927,555	-317,577	-58,971	26,195	-319,163	22,146	-4,350	-6,282	-2,744	-20,833	21,954	6,783	16,558	4,535

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-584,023	-238,921	-75,560	430,300	-341,742	32,577	2,368	-3,538	22,897	-42,792	19,956	-9,845	16,618	6,148
Depreciation	0	0	0	1,467	0	0	500	2,051	2,803	2,957	1,764	1,620	1,366	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	379
Tax	0	0	0	-81,010	0	-6,215	-483	0	-4,808	0	-4,791	0	-4,676	-1,725
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-232,656	0	36,728	195,928	-40,028	0	-28,049	4,954	1,189	-42,043	61,320	25,915	1,080	15,662
Creditors	19,000	0	0	-249,000	296,000	0	-76,326	6,441	-19,703	2,799	46,593	8,372	14,665	17,159
Accruals and Deferred Income	546,566	0	-1,187	1,187	-19,313	6,254	13,059	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	214,199	-238,921	-113,475	-92,984	-25,027	32,616	-32,833	0	0	5,007	2,202	-25,768	26,893	6,299
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	-6,998	-717	-1,269	-4,226	-1,697
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	-6,998	-717	-1,269	-4,226	-1,697
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	86,578	0	51,221	-70,117	0	0	70,117	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	-10,761	0	45,000	112,117	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	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-25,955	-19,685	-9,606	-3,931	433	134	47	0	0	5	6	70	80	12
cash flow from financing	49,862	-19,685	86,615	38,069	433	134	70,164	0	0	5	6	70	80	112
cash and cash equivalents
cash	0	0	0	-45,487	-24,594	32,750	37,331	0	0	-1,986	1,491	-26,967	22,748	4,714
overdraft	-264,061	258,606	26,860	9,429	0	0	0	0	0	0	0	0	0	0
change in cash	264,061	-258,606	-26,860	-54,916	-24,594	32,750	37,331	0	0	-1,986	1,491	-26,967	22,748	4,714

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MID-WEST SERVICES (UK) LTD group structure

Mid-West Services (Uk) Ltd has no subsidiary companies.

Ultimate parent company

MID-WEST SERVICES (UK) LTD

05928778

MID-WEST SERVICES (UK) LTD Shareholders

mark eugene odenore

100%

Mid-West Services (Uk) Ltd currently has 1 director, Mr Mark Odenore serving since Sep 2006.

officer	country	age	start	end	role
Mr Mark Odenore	England	54 years	Sep 2006	-	Director

P&L

September 2022

turnover

743.5k

-38%

operating profit

-584k

gross margin

25.5%

+6.66%

turnover

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

Balance Sheet

September 2022

net assets

-927.6k

+1.92%

total assets

-1%

cash

net assets

Total assets minus all liabilities

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company number

05928778

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

78200 - Temporary employment agency activities

incorporation date

September 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

mid-west housing services ltd (October 2012)

incorporated

address

3rd floor 415 high street, stratford, london, E15 4QZ

last accounts submitted

September 2022

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 mid-west services (uk) ltd.

mid-west services (uk) ltd Company Information

mid-west services (uk) ltd Estimated Valuation

mid-west services (uk) ltd Estimated Valuation

mid-west services (uk) ltd Estimated Valuation

Mid-west Services (uk) Ltd Overview

Mid-west Services (uk) Ltd Health Check

MID-WEST SERVICES (UK) LTD financials

mid-west services (uk) ltd Credit Report and Business Information

Mid-west Services (uk) Ltd Competitor Analysis

mid-west services (uk) ltd Ownership

mid-west services (uk) ltd directors

mid-west services (uk) ltd company details

mid-west services (uk) ltd Charges & Mortgages

mid-west services (uk) ltd Companies House Filings - See Documents