midland housing ltd

midland housing ltd Company Information

Share MIDLAND HOUSING LTD
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EstablishedSmallDeclining

Company Number

05989494

Industry

Management of real estate on a fee or contract basis

 

Directors

Qayum Alam

Shareholders

qayum alam

maqbool alam

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Group Structure

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Contact

Registered Address

81 stoney lane, sparkbrook, birmingham, B12 8EQ

midland housing ltd Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of MIDLAND HOUSING LTD at £3.8m based on a Turnover of £1.6m and 2.3x industry multiple (adjusted for size and gross margin).

midland housing ltd Estimated Valuation

£93.4k

Pomanda estimates the enterprise value of MIDLAND HOUSING LTD at £93.4k based on an EBITDA of £11.6k and a 8.07x industry multiple (adjusted for size and gross margin).

midland housing ltd Estimated Valuation

£165.1k

Pomanda estimates the enterprise value of MIDLAND HOUSING LTD at £165.1k based on Net Assets of £101.9k and 1.62x industry multiple (adjusted for liquidity).

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Midland Housing Ltd Overview

Midland Housing Ltd is a live company located in birmingham, B12 8EQ with a Companies House number of 05989494. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in November 2006, it's largest shareholder is qayum alam with a 40% stake. Midland Housing Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Midland Housing Ltd Health Check

Pomanda's financial health check has awarded Midland Housing Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £1.6m, make it larger than the average company (£1.1m)

£1.6m - Midland Housing Ltd

£1.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.5%)

-23% - Midland Housing Ltd

4.5% - Industry AVG

production

Production

with a gross margin of 45.5%, this company has a comparable cost of product (45.5%)

45.5% - Midland Housing Ltd

45.5% - Industry AVG

profitability

Profitability

an operating margin of 0.7% make it less profitable than the average company (8%)

0.7% - Midland Housing Ltd

8% - Industry AVG

employees

Employees

with 14 employees, this is above the industry average (10)

14 - Midland Housing Ltd

10 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)

£42.4k - Midland Housing Ltd

£42.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £116.8k, this is equally as efficient (£104.8k)

£116.8k - Midland Housing Ltd

£104.8k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Midland Housing Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 110 days, this is slower than average (30 days)

110 days - Midland Housing Ltd

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Midland Housing Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (22 weeks)

58 weeks - Midland Housing Ltd

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77.1%, this is a similar level of debt than the average (80.1%)

77.1% - Midland Housing Ltd

80.1% - Industry AVG

MIDLAND HOUSING LTD financials

EXPORTms excel logo

Midland Housing Ltd's latest turnover from November 2023 is estimated at £1.6 million and the company has net assets of £101.9 thousand. According to their latest financial statements, Midland Housing Ltd has 14 employees and maintains cash reserves of £387.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover1,634,9881,099,3821,530,9423,577,8402,933,031863,767748,840656,472928,429775,552646,8411,094,892567,198247,3000
Other Income Or Grants000000000000000
Cost Of Sales891,721586,400832,4631,939,3791,528,156449,053409,408314,220511,441454,324366,637645,594327,488147,9300
Gross Profit743,268512,982698,4791,638,4611,404,875414,714339,431342,252416,988321,228280,204449,298239,71099,3700
Admin Expenses732,300499,109684,0751,631,8841,400,640409,840323,717311,758423,833307,167277,245469,221238,99690,865-6,791
Operating Profit10,96813,87314,4046,5774,2354,87415,71430,494-6,84514,0612,959-19,9237148,5056,791
Interest Payable3741,8442,572000000000000
Interest Receivable21,16112,01738700186168741268045225331225101
Pre-Tax Profit31,75524,04612,2195,4834,8055,06015,88130,568-6,71914,1413,004-19,6981,0458,7296,892
Tax-7,939-4,569-2,322-1,199-1,087-961-3,017-6,1130-2,970-6910-272-2,444-1,930
Profit After Tax23,81619,4779,8974,2843,7184,09912,86424,454-6,71911,1712,313-19,6987736,2854,962
Dividends Paid000000000000000
Retained Profit23,81619,4779,8974,2843,7184,09912,86424,454-6,71911,1712,313-19,6987736,2854,962
Employee Costs593,676848,358462,141160,306141,622312,587268,462214,980275,083234,866193,970327,567165,524101,2630
Number Of Employees142112111298687610530
EBITDA*11,57014,54214,4047,4034,2355,66316,70031,551-5,67415,5254,586-18,1152,72210,7379,271

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets57,12057,72258,39159,13410,00510,92311,71212,698014,92616,39018,01719,82521,83324,065
Intangible Assets0000000013,755000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets57,12057,72258,39159,13410,00510,92311,71212,69813,75514,92616,39018,01719,82521,83324,065
Stock & work in progress000000000000000
Trade Debtors03,815029,202015,25614,86416,11823,17232,78627,84523,59719,61325,95915,338
Group Debtors000000000000000
Misc Debtors0000245,715000000005260
Cash387,124419,012382,099391,00982,48612,22937,37129,68129,18321,38610,5757,26682,85249,42940,372
misc current assets00000284,262250,278238,756209,184174,921134,587155,876000
total current assets387,124422,827382,099420,211328,201311,747302,513284,555261,539229,093173,007186,739102,46575,91455,710
total assets444,244480,549440,490479,345338,206322,670314,225297,253275,294244,019189,397204,756122,29097,74779,775
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 270,837326,695295,927340,817254,293242,164236,031234,743255,556217,562174,111184,20394,05934,93374,811
Group/Directors Accounts42,77845,11926,41026,66538,11038,75538,75538,7550000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities28,73323,99825,23512,6681,4811,1472,9341140000046,6030
total current liabilities342,348395,812347,572380,150293,884282,066277,720273,612255,556217,562174,111184,20394,05981,53674,811
loans06,65734,31550,00000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income00058900000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities06,65734,31550,58900000000000
total liabilities342,348402,469381,887430,739293,884282,066277,720273,612255,556217,562174,111184,20394,05981,53674,811
net assets101,89678,08058,60348,60644,32240,60436,50523,64119,73826,45715,28620,55328,23116,2114,964
total shareholders funds101,89678,08058,60348,60644,32240,60436,50523,64119,73826,45715,28620,55328,23116,2114,964
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit10,96813,87314,4046,5774,2354,87415,71430,494-6,84514,0612,959-19,9237148,5056,791
Depreciation6026690826078998601,1711,4641,6271,8082,0082,2322,480
Amortisation00000001,0570000000
Tax-7,939-4,569-2,322-1,199-1,087-961-3,017-6,1130-2,970-6910-272-2,444-1,930
Stock000000000000000
Debtors-3,8153,815-29,202-216,513230,459392-1,254-7,054-9,6144,9414,2483,984-6,87211,14715,338
Creditors-55,85830,768-44,89086,52412,1296,1331,288-20,81337,99443,451-10,09290,14459,126-39,87874,811
Accruals and Deferred Income4,735-1,23711,97811,776334-1,7872,8201140000-46,60346,6030
Deferred Taxes & Provisions000000000000000
Cash flow from operations-43,67735,6898,372321,017-214,8488,65619,04511,79341,93451,065-10,44568,04521,8453,87166,814
Investing Activities
capital expenditure00743-49,955918000000000-26,545
Change in Investments000000000000000
cash flow from investments00743-49,955918000000000-26,545
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-2,34118,709-255-11,445-6450038,7550000000
Other Short Term Loans 000000000000000
Long term loans-6,657-27,658-15,68550,00000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue001000000-20,55100-7,58012,02011,2474,9622
interest20,78710,173-2,18500186168741268045225331225101
cash flow from financing11,7891,224-18,02538,555-64518616818,27812680-7,53512,24511,5785,187103
cash and cash equivalents
cash-31,88836,913-8,910308,52370,257-25,1427,6904987,79710,8113,309-75,58633,4239,05740,372
overdraft000000000000000
change in cash-31,88836,913-8,910308,52370,257-25,1427,6904987,79710,8113,309-75,58633,4239,05740,372

midland housing ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Midland Housing Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for midland housing ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in B12 area or any other competitors across 12 key performance metrics.

midland housing ltd Ownership

MIDLAND HOUSING LTD group structure

Midland Housing Ltd has no subsidiary companies.

Ultimate parent company

MIDLAND HOUSING LTD

05989494

MIDLAND HOUSING LTD Shareholders

qayum alam 40%
maqbool alam 20%
mahboob alam 20%
nazam alam 20%

midland housing ltd directors

Midland Housing Ltd currently has 1 director, Mr Qayum Alam serving since Nov 2006.

officercountryagestartendrole
Mr Qayum AlamEngland44 years Nov 2006- Director

P&L

November 2023

turnover

1.6m

+49%

operating profit

11k

0%

gross margin

45.5%

-2.57%

turnover

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

Balance Sheet

November 2023

net assets

101.9k

+0.31%

total assets

444.2k

-0.08%

cash

387.1k

-0.08%

net assets

Total assets minus all liabilities

midland housing ltd company details

company number

05989494

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

November 2006

age

18

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

81 stoney lane, sparkbrook, birmingham, B12 8EQ

Bank

-

Legal Advisor

-

midland housing 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 1 charges/mortgages relating to midland housing ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

midland housing ltd Companies House Filings - See Documents

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