Pomanda estimates the enterprise value of MYOCEAN RESOURCES LIMITED at £32.1k based on a Turnover of £52.5k and 0.61x industry multiple (adjusted for size and gross margin).
myocean resources limitedEstimated Valuation
£11.5k
Pomanda estimates the enterprise value of MYOCEAN RESOURCES LIMITED at £11.5k based on an EBITDA of £3.2k and a 3.65x industry multiple (adjusted for size and gross margin).
myocean resources limitedEstimated Valuation
£6.6k
Pomanda estimates the enterprise value of MYOCEAN RESOURCES LIMITED at £6.6k based on Net Assets of £2.8k and 2.36x industry multiple (adjusted for liquidity).
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Myocean Resources LimitedOverview
Myocean Resources Limited is a live company located in hornchurch, RM11 1EW with a Companies House number of 06223669. It operates in the business and domestic software development sector, SIC Code 62012. Founded in April 2007, it's largest shareholder is
dr john taylor allen
with a 50% stake. Myocean Resources Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£52.5k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Myocean Resources Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £52.5k, make it smaller than the average company (£3.9m)
£52.5k - Myocean Resources Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 1080%, show it is growing at a faster rate (10.5%)
1080% - Myocean Resources Limited
10.5% - Industry AVG
Production
with a gross margin of 41.9%, this company has a higher cost of product (72%)
41.9% - Myocean Resources Limited
72% - Industry AVG
Profitability
an operating margin of 6% make it more profitable than the average company (3.9%)
6% - Myocean Resources Limited
3.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (35)
1 - Myocean Resources Limited
35 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
£67.9k - Myocean Resources Limited
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £52.5k, this is less efficient (£120.3k)
£52.5k - Myocean Resources Limited
£120.3k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (59 days)
88 days - Myocean Resources Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (39 days)
44 days - Myocean Resources Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Myocean Resources Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Myocean Resources Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.9%, this is a higher level of debt than the average (59.8%)
77.9% - Myocean Resources Limited
59.8% - Industry AVG
MYOCEAN RESOURCES LIMITED financials
EXPORT
Myocean Resources Limited's latest turnover from March 2024 is estimated at £52.5 thousand and the company has net assets of £2.8 thousand. According to their latest financial statements, Myocean Resources Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
52,478
50,687
32
32
31
32
33
34
39
Other Income Or Grants
Cost Of Sales
30,501
29,543
18
18
18
19
19
20
23
Gross Profit
21,977
21,144
14
14
13
13
13
14
16
Admin Expenses
18,814
20,612
14
14
13
13
13
14
3
Operating Profit
3,163
532
13
Interest Payable
Interest Receivable
Pre-Tax Profit
3,163
532
13
Tax
-791
-101
-2
Profit After Tax
2,372
431
10
Dividends Paid
Retained Profit
2,372
431
10
Employee Costs
67,915
65,609
60,876
56,428
57,183
60,406
59,023
56,963
53,986
Number Of Employees
1
1
1
1
1
1
1
1
1
EBITDA*
3,163
532
13
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
12,731
14,110
10
10
10
10
10
10
10
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
12,731
14,110
10
10
10
10
10
10
10
total assets
12,731
14,110
10
10
10
10
10
10
10
Bank overdraft
Bank loan
Trade Creditors
3,757
8,201
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
3,757
8,201
loans
hp & lease commitments
Accruals and Deferred Income
6,161
5,468
other liabilities
provisions
total long term liabilities
6,161
5,468
total liabilities
9,918
13,669
net assets
2,813
441
10
10
10
10
10
10
10
total shareholders funds
2,813
441
10
10
10
10
10
10
10
Mar 2024
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
3,163
532
13
Depreciation
Amortisation
Tax
-791
-101
-2
Stock
Debtors
-1,379
14,100
10
Creditors
-4,444
8,201
Accruals and Deferred Income
693
5,468
Deferred Taxes & Provisions
Cash flow from operations
1
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
myocean resources limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for myocean resources limited. Get real-time insights into myocean resources limited's credit score, group structure and payment trends.
Perform a competitor analysis for myocean resources limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in RM11 area or any other competitors across 12 key performance metrics.
myocean resources limited Ownership
MYOCEAN RESOURCES LIMITED group structure
Myocean Resources Limited has no subsidiary companies.
Ultimate parent company
MYOCEAN RESOURCES LIMITED
06223669
MYOCEAN RESOURCES LIMITED Shareholders
The largest shareholders in Myocean Resources Limited include Dr John Taylor Allen and Calum Desmond Fitzgerald.
dr john taylor allen
50%
calum desmond fitzgerald
50%
myocean resources limited directors
Myocean Resources Limited currently has 2 directors.
The longest serving directors include
Mr Calum Fitzgerald (Apr 2007) and
Dr John Allen (Apr 2007).
62012 - Business and domestic software development
incorporation date
April 2007
age
18
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
BRUCE ALLEN LLP
auditor
-
address
bruce allen llp ground floor sui, crown house, hornchurch, RM11 1EW
Bank
-
Legal Advisor
-
myocean resources limited 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 did not find charges/mortgages relating to myocean resources limited.
myocean resources limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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myocean resources limitedCompanies House Filings - See Documents
