Maxitile Limited

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maxitile limited Company Information

Live

EstablishedSmallDeclining

Company Number

06061523

Website

www.maxitile.co.uk

Registered Address

unit 11 ro 24, twizel close stonebridge, milton keynes, MK13 0DX

Industry

Floor and wall covering

Telephone

01908225676

Next Accounts Due

December 2024

Group Structure

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Directors

Gary Viner17 Years

Neil Patey-Smith17 Years

Shareholders

qubic trustees ltd 100%

maxitile limited Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of MAXITILE LIMITED at £2.9m based on an EBITDA of £779.9k and a 3.71x industry multiple (adjusted for size and gross margin).

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Maxitile Limited is a live company located in milton keynes, MK13 0DX with a Companies House number of 06061523. It operates in the floor and wall covering sector, SIC Code 43330. Founded in January 2007, it's largest shareholder is qubic trustees ltd with a 100% stake. Maxitile Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Maxitile Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £2.7m, make it larger than the average company (£230.2k)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (4.4%)

EXPORT

Maxitile Limited's latest turnover from March 2023 is estimated at £2.7 million and the company has net assets of £1.3 million. According to their latest financial statements, Maxitile Limited has 20 employees and maintains cash reserves of £603.4 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	Mar 2012	Mar 2011	Mar 2010
Turnover	2,675,235	4,040,859	3,463,582	4,159,184	3,739,696	3,853,704	3,799,116	5,756,811	2,736,345	2,196,144	1,529,303	1,267,918	891,870	463,074
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,891,745	2,820,791	2,445,916	2,952,517	2,612,525	2,640,970	2,654,974	3,983,837	1,846,808	1,458,110	1,032,909	824,957	582,947	305,168
Gross Profit	783,490	1,220,068	1,017,666	1,206,667	1,127,171	1,212,734	1,144,141	1,772,974	889,536	738,034	496,394	442,961	308,923	157,906
Admin Expenses	117,143	1,018,986	891,072	979,359	1,124,445	1,201,097	1,184,813	1,747,805	758,887	572,701	339,850	328,076	195,893	121,665
Operating Profit	666,347	201,082	126,594	227,308	2,726	11,637	-40,672	25,169	130,649	165,333	156,544	114,885	113,030	36,241
Interest Payable	73,830	54,034	38,698	30,028	37,746	24,954	8,779	3,260	15,794	11,069	7,251	4,464	1,528	779
Interest Receivable	25,068	5,020	656	664	5,817	2,492	607	1,117	711	455	230	137	114	1
Pre-Tax Profit	617,585	152,068	88,552	197,943	-29,202	-10,825	-48,844	23,026	128,004	158,896	149,524	110,558	111,615	35,463
Tax	-117,341	-28,893	-16,825	-37,609	0	0	0	-4,605	-26,881	-36,546	-35,886	-28,745	-31,252	-9,929
Profit After Tax	500,244	123,175	71,727	160,334	-29,202	-10,825	-48,844	18,421	101,123	122,350	113,638	81,813	80,363	25,533
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	500,244	123,175	71,727	160,334	-29,202	-10,825	-48,844	18,421	101,123	122,350	113,638	81,813	80,363	25,533
Employee Costs	483,060	425,640	617,780	756,999	637,767	930,872	875,355	1,115,466	301,180	235,831	309,132	261,373	240,017	138,270
Number Of Employees	20	19	24	27	23	29	25	29	12	10	8	7	7	4
EBITDA*	779,869	323,196	236,384	302,560	2,726	72,595	29,396	95,996	187,142	217,643	203,345	156,557	137,505	53,799

* 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	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	242,523	343,687	375,669	333,059	351,585	281,627	297,103	347,060	351,897	245,315	230,684	259,540	50,367	53,400
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	460,000	460,000	460,000	460,000	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	702,523	803,687	835,669	793,059	351,585	281,627	297,103	347,060	351,897	245,315	230,684	259,540	50,367	53,400
Stock & work in progress	122,190	119,745	137,125	145,000	128,000	200,000	155,000	155,000	45,000	25,300	18,800	17,000	15,000	9,652
Trade Debtors	642,288	1,051,309	808,402	765,755	865,547	794,311	785,646	605,694	521,191	482,502	319,589	256,176	187,816	89,560
Group Debtors	0	0	100,000	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	921,652	1,162,722	475,797	219,152	163,421	591,899	186,139	1,184,685	0	0	0	31,102	27,542	44,218
Cash	603,439	576,245	762,457	549,186	778,214	773,062	223,568	261,912	184,739	99,488	82,408	9,604	45,053	509
misc current assets	18,832	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,308,401	2,910,021	2,283,781	1,679,093	1,935,182	2,359,272	1,350,353	2,207,291	750,930	607,290	420,797	313,882	275,411	143,939
total assets	3,010,924	3,713,708	3,119,450	2,472,152	2,286,767	2,640,899	1,647,456	2,554,351	1,102,827	852,605	651,481	573,422	325,778	197,339
Bank overdraft	188,423	133,752	91,980	111,238	87,939	50,798	180,637	16,081	0	0	2,711	5,524	20,938	15,600
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	215,567	386,546	310,219	564,671	417,157	335,873	233,101	1,438,737	417,918	294,309	112,523	131,512	81,376	45,902
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	0	0	0	0	0	0	0	48,473	0	0	34,294	31,786	20,224	13,312
other current liabilities	294,278	922,672	504,432	294,288	145,427	346,333	38,321	388,035	0	0	79,228	69,713	58,869	38,591
total current liabilities	698,268	1,442,970	906,631	970,197	650,523	733,004	452,059	1,891,326	417,918	294,309	228,756	238,535	181,407	113,405
loans	466,640	651,777	723,513	342,066	443,291	536,365	0	84,221	0	103,248	106,076	108,789	2,101	8,382
hp & lease commitments	168,166	235,355	198,875	95,185	81,583	11,958	0	34,563	0	30,351	14,302	37,389	35,374	49,019
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	150,000	700,000	0	159,089	0	0	0	0	0
provisions	0	0	0	0	440,000	0	0	0	0	0	0	0	0	0
total long term liabilities	1,001,806	1,460,132	1,525,388	886,251	1,180,874	1,423,323	700,000	118,784	159,089	133,599	120,378	146,178	37,475	57,401
total liabilities	1,700,074	2,903,102	2,432,019	1,856,448	1,831,397	2,156,327	1,152,059	2,010,110	577,007	427,908	349,134	384,713	218,882	170,806
net assets	1,310,850	810,606	687,431	615,704	455,370	484,572	495,397	544,241	525,820	424,697	302,347	188,709	106,896	26,533
total shareholders funds	1,310,850	810,606	687,431	615,704	455,370	484,572	495,397	544,241	525,820	424,697	302,347	188,709	106,896	26,533

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	666,347	201,082	126,594	227,308	2,726	11,637	-40,672	25,169	130,649	165,333	156,544	114,885	113,030	36,241
Depreciation	113,522	122,114	109,790	75,252	0	60,958	70,068	70,827	56,493	52,310	46,801	41,672	24,475	17,558
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-117,341	-28,893	-16,825	-37,609	0	0	0	-4,605	-26,881	-36,546	-35,886	-28,745	-31,252	-9,929
Stock	2,445	-17,380	-7,875	17,000	-72,000	45,000	0	110,000	19,700	6,500	1,800	2,000	5,348	9,652
Debtors	-650,091	829,832	399,292	-44,061	-357,242	414,425	-818,594	1,269,188	38,689	162,913	32,311	71,920	81,580	133,778
Creditors	-170,979	76,327	-254,452	147,514	81,284	102,772	-1,205,636	1,020,819	123,609	181,786	-18,989	50,136	35,474	45,902
Accruals and Deferred Income	-628,394	418,240	210,144	148,861	-200,906	308,012	-349,714	388,035	0	-79,228	9,515	10,844	20,278	38,591
Deferred Taxes & Provisions	0	0	0	-440,000	440,000	0	0	0	0	0	0	0	0	0
Cash flow from operations	510,801	-23,582	-216,166	148,387	752,346	23,954	-707,360	121,057	225,481	114,242	123,874	114,872	75,077	-15,067
Investing Activities
capital expenditure	-12,358	-90,132	-152,400	-56,726	-69,958	-45,482	-20,111	-65,990	-163,075	-66,941	-17,945	-250,845	-21,442	-70,958
Change in Investments	0	0	0	460,000	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,358	-90,132	-152,400	-516,726	-69,958	-45,482	-20,111	-65,990	-163,075	-66,941	-17,945	-250,845	-21,442	-70,958
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	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	-185,137	-71,736	381,447	-101,225	-93,074	536,365	-84,221	84,221	-103,248	-2,828	-2,713	106,688	-6,281	8,382
Hire Purchase and Lease Commitments	-67,189	36,480	103,690	13,602	69,625	11,958	-83,036	83,036	-30,351	-18,245	-20,579	13,577	-6,733	62,331
other long term liabilities	0	0	0	0	-150,000	-550,000	700,000	-159,089	159,089	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-48,762	-49,014	-38,042	-29,364	-31,929	-22,462	-8,172	-2,143	-15,083	-10,614	-7,021	-4,327	-1,414	-778
cash flow from financing	-301,088	-84,270	447,095	-116,987	-205,378	-24,139	524,571	6,025	10,407	-31,687	-30,313	115,938	-14,428	70,935
cash and cash equivalents
cash	27,194	-186,212	213,271	-229,028	5,152	549,494	-38,344	77,173	85,251	17,080	72,804	-35,449	44,544	509
overdraft	54,671	41,772	-19,258	23,299	37,141	-129,839	164,556	16,081	0	-2,711	-2,813	-15,414	5,338	15,600
change in cash	-27,477	-227,984	232,529	-252,327	-31,989	679,333	-202,900	61,092	85,251	19,791	75,617	-20,035	39,206	-15,091

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAXITILE LIMITED group structure

Maxitile Limited has no subsidiary companies.

Ultimate parent company

MAXITILE LIMITED

06061523

MAXITILE LIMITED Shareholders

qubic trustees ltd

100%

Maxitile Limited currently has 2 directors. The longest serving directors include Mr Gary Viner (Jan 2007) and Mr Neil Patey-Smith (Jan 2007).

officer	country	age	start	end	role
Mr Gary Viner	England	48 years	Jan 2007	-	Director
Mr Neil Patey-Smith	England	51 years	Jan 2007	-	Director

P&L

March 2023

turnover

2.7m

-34%

operating profit

666.3k

gross margin

29.3%

-3%

turnover

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

Balance Sheet

March 2023

net assets

1.3m

+0.62%

total assets

-0.19%

cash

603.4k

+0.05%

net assets

Total assets minus all liabilities

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company number

06061523

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

January 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 11 ro 24, twizel close stonebridge, milton keynes, MK13 0DX

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 4 charges/mortgages relating to maxitile limited. Currently there are 4 open charges and 0 have been satisfied in the past.

maxitile limited Company Information

maxitile limited Estimated Valuation

maxitile limited Estimated Valuation

maxitile limited Estimated Valuation

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MAXITILE LIMITED financials

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