Pomanda estimates the enterprise value of MICHAEL PRICE ASSOCIATES LTD at £2.9m based on a Turnover of £2.7m and 1.08x industry multiple (adjusted for size and gross margin).
michael price associates ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of MICHAEL PRICE ASSOCIATES LTD at £0 based on an EBITDA of £-788k and a 6.51x industry multiple (adjusted for size and gross margin).
michael price associates ltdEstimated Valuation
£8.1m
Pomanda estimates the enterprise value of MICHAEL PRICE ASSOCIATES LTD at £8.1m based on Net Assets of £2.7m and 3.03x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Michael Price Associates LtdOverview
Michael Price Associates Ltd is a live company located in newport pagnell, MK16 9PY with a Companies House number of 06257305. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2007, it's largest shareholder is
mpa group holdings ltd
with a 95.4% stake. Michael Price Associates Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£2.7m with
declining
growth in recent years.
Pomanda's financial health check has awarded Michael Price Associates Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £2.7m, make it larger than the average company (£181.4k)
£2.7m - Michael Price Associates Ltd
£181.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (8.4%)
-8% - Michael Price Associates Ltd
8.4% - Industry AVG
Production
with a gross margin of 93.3%, this company has a comparable cost of product (93.3%)
93.3% - Michael Price Associates Ltd
93.3% - Industry AVG
Profitability
an operating margin of -30% make it less profitable than the average company (9.9%)
-30% - Michael Price Associates Ltd
9.9% - Industry AVG
Employees
with 48 employees, this is above the industry average (3)
48 - Michael Price Associates Ltd
3 - Industry AVG
Pay Structure
on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)
£34.8k - Michael Price Associates Ltd
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £56k, this is less efficient (£76.5k)
£56k - Michael Price Associates Ltd
£76.5k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is near the average (77 days)
69 days - Michael Price Associates Ltd
77 days - Industry AVG
Creditor Days
its suppliers are paid after 254 days, this is slower than average (21 days)
254 days - Michael Price Associates Ltd
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Michael Price Associates Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (32 weeks)
3 weeks - Michael Price Associates Ltd
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.4%, this is a similar level of debt than the average (50.8%)
47.4% - Michael Price Associates Ltd
50.8% - Industry AVG
MICHAEL PRICE ASSOCIATES LTD financials
EXPORT
Michael Price Associates Ltd's latest turnover from March 2024 is estimated at £2.7 million and the company has net assets of £2.7 million. According to their latest financial statements, Michael Price Associates Ltd has 48 employees and maintains cash reserves of £133.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Sep 2023
Sep 2022
Sep 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Turnover
2,688,058
4,045,279
4,463,334
3,433,449
3,741,318
3,544,897
8,282,044
4,654,233
12,034,056
16,298,331
10,423,023
2,941,027
180,418
127,514
148,160
Other Income Or Grants
Cost Of Sales
179,245
238,883
557,862
456,552
446,160
53,426
198,599
98,515
931,701
2,208,686
923,539
246,439
22,701
10,549
12,173
Gross Profit
2,508,813
3,806,396
3,905,472
2,976,896
3,295,158
3,491,471
8,083,444
4,555,718
11,102,356
14,089,645
9,499,484
2,694,588
157,717
116,965
135,987
Admin Expenses
3,314,252
3,356,437
3,929,395
2,438,995
3,100,941
2,689,277
6,146,312
7,104,540
10,016,976
12,844,753
8,482,250
2,375,026
-170,966
80,488
140,376
Operating Profit
-805,439
449,959
-23,923
537,901
194,217
802,194
1,937,132
-2,548,822
1,085,380
1,244,892
1,017,234
319,562
328,683
36,477
-4,389
Interest Payable
86,744
86,680
63,944
37,492
27,840
50,884
77,312
43,974
Interest Receivable
37,470
55,051
27,920
1,869
1,110
4,729
7,125
4,835
7,494
4,504
3,861
2,904
1,529
203
21
Pre-Tax Profit
-854,713
418,329
-59,948
502,278
167,488
756,038
1,866,944
-2,587,961
1,092,874
1,249,396
1,021,095
322,466
330,212
36,680
-4,368
Tax
-104,582
-95,433
-31,823
-143,647
-354,719
-218,575
-249,879
-214,430
-74,167
-79,251
-9,537
Profit After Tax
-854,713
313,747
-59,948
406,845
135,665
612,391
1,512,225
-2,587,961
874,299
999,517
806,665
248,299
250,961
27,143
-4,368
Dividends Paid
Retained Profit
-854,713
313,747
-59,948
406,845
135,665
612,391
1,512,225
-2,587,961
874,299
999,517
806,665
248,299
250,961
27,143
-4,368
Employee Costs
1,670,255
1,759,781
1,590,535
1,766,649
1,846,790
2,483,109
1,618,851
1,332,854
1,278,311
7,420,199
5,019,328
1,445,856
109,120
81,749
72,092
Number Of Employees
48
51
48
55
63
73
53
48
46
249
169
51
4
3
3
EBITDA*
-788,031
473,665
-7,637
737,932
505,079
991,450
2,038,837
-2,544,705
1,089,165
1,248,974
1,020,970
319,562
328,683
36,477
-4,389
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Sep 2023
Sep 2022
Sep 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Tangible Assets
78,614
84,280
56,530
17,168
67,091
96,508
73,628
6,804
5,050
5,956
10,038
Intangible Assets
994
10,607
56,605
160,765
464,019
518,045
Investments & Other
16
16
1,258
16
15
14
14
4
4
4
Debtors (Due After 1 year)
3,295,175
3,223,175
13,894
13,894
13,294
13,294
19,626
Total Fixed Assets
3,373,805
3,308,465
68,395
87,683
241,765
560,541
591,687
20,102
18,348
25,586
10,038
Stock & work in progress
Trade Debtors
509,929
903,138
1,220,877
826,075
782,753
646,551
2,162,204
1,035,209
2,644,482
2,380,101
1,417,590
390,873
21,546
19,776
18,741
Group Debtors
110
16,169
Misc Debtors
1,081,552
1,138,858
3,073,309
2,797,415
2,241,154
3,488,681
917,858
679,772
Cash
133,132
1,294,298
802,875
1,678,887
2,058,285
161,247
1,099,729
1,750,090
2,117,685
879,861
921,718
622,824
538,911
72,822
8,326
misc current assets
total current assets
1,724,613
3,336,294
5,097,171
5,318,546
5,082,192
4,296,479
4,179,791
3,465,071
4,762,167
3,259,962
2,339,308
1,013,697
560,457
92,598
27,067
total assets
5,098,418
6,644,759
5,165,566
5,406,229
5,323,957
4,857,020
4,771,478
3,485,173
4,780,515
3,285,548
2,349,346
1,013,697
560,457
92,598
27,067
Bank overdraft
275,798
302,091
697,677
102,489
376,753
536,020
602,550
284,394
Bank loan
Trade Creditors
124,918
290,035
135,299
146,205
250,366
339,155
358,127
228,603
1,577,897
957,229
1,020,644
491,660
286,719
69,822
31,434
Group/Directors Accounts
907,142
919,255
6
6
28,807
72,004
4
4
other short term finances
hp & lease commitments
other current liabilities
628,468
993,730
1,060,099
1,120,815
1,793,079
1,170,554
1,314,804
1,234,738
total current liabilities
1,936,326
2,505,111
1,893,081
1,369,515
2,449,005
2,117,733
2,275,485
1,747,739
1,577,897
957,229
1,020,644
491,660
286,719
69,822
31,434
loans
423,011
541,217
750,000
369,112
1,122,778
hp & lease commitments
43,265
46,826
45,719
Accruals and Deferred Income
other liabilities
provisions
14,937
16,013
4,917
4,917
total long term liabilities
481,213
604,056
50,636
754,917
369,112
1,122,778
total liabilities
2,417,539
3,109,167
1,943,717
2,124,432
2,449,005
2,117,733
2,644,597
2,870,517
1,577,897
957,229
1,020,644
491,660
286,719
69,822
31,434
net assets
2,680,879
3,535,592
3,221,849
3,281,797
2,874,952
2,739,287
2,126,881
614,656
3,202,618
2,328,319
1,328,702
522,037
273,738
22,776
-4,367
total shareholders funds
2,680,879
3,535,592
3,221,849
3,281,797
2,874,952
2,739,287
2,126,881
614,656
3,202,618
2,328,319
1,328,702
522,037
273,738
22,776
-4,367
Mar 2024
Sep 2023
Sep 2022
Sep 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Operating Activities
Operating Profit
-805,439
449,959
-23,923
537,901
194,217
802,194
1,937,132
-2,548,822
1,085,380
1,244,892
1,017,234
319,562
328,683
36,477
-4,389
Depreciation
16,414
23,706
16,286
52,366
38,377
34,429
16,256
4,117
3,785
4,082
3,736
Amortisation
994
147,665
272,485
154,827
85,449
Tax
-104,582
-95,433
-31,823
-143,647
-354,719
-218,575
-249,879
-214,430
-74,167
-79,251
-9,537
Stock
Debtors
-378,515
970,875
640,743
615,752
-1,097,431
1,055,170
1,351,787
-929,501
258,049
982,137
1,026,717
369,327
1,770
1,035
18,741
Creditors
-165,117
154,736
-10,906
-104,161
-88,789
-18,972
129,524
-1,349,294
620,668
-63,415
528,984
204,941
216,897
38,388
31,434
Accruals and Deferred Income
-365,262
-66,369
-60,716
-672,264
622,525
-144,250
80,066
1,234,738
Deferred Taxes & Provisions
-1,076
11,096
4,917
Cash flow from operations
-940,971
-502,329
-720,002
-744,761
2,104,423
-370,589
541,921
-1,729,760
1,233,209
-46,457
308,807
81,009
464,559
64,293
8,304
Investing Activities
capital expenditure
-10,748
-41,843
-9,650
-45,948
21,809
-158,110
-686,574
-5,871
-2,879
-13,774
Change in Investments
-1,242
1,242
1
1
10
4
cash flow from investments
-10,748
-40,601
-10,892
-45,949
21,808
-158,110
-686,584
-5,871
-2,879
-4
-13,774
Financing Activities
Bank loans
Group/Directors Accounts
-12,113
919,249
-28,801
-43,197
72,000
4
Other Short Term Loans
Long term loans
-118,206
541,217
-750,000
750,000
-369,112
-753,666
1,122,778
Hire Purchase and Lease Commitments
-3,561
1,107
45,719
other long term liabilities
share issue
-4
15
-1
100
1
1
interest
-49,274
-31,629
-36,024
-35,623
-26,730
-46,155
-70,187
-39,139
7,494
4,504
3,861
2,904
1,529
203
21
cash flow from financing
-183,154
1,429,940
-740,305
685,576
-69,927
-343,252
-823,853
1,083,642
7,494
4,604
3,861
2,904
1,530
203
22
cash and cash equivalents
cash
-1,161,166
491,423
-876,012
-379,398
1,897,038
-938,482
-650,361
-367,595
1,237,824
-41,857
298,894
83,913
466,089
64,496
8,326
overdraft
-26,293
-395,586
595,188
-274,264
-159,267
-66,530
318,156
284,394
change in cash
-1,134,873
887,009
-1,471,200
-105,134
2,056,305
-871,952
-968,517
-651,989
1,237,824
-41,857
298,894
83,913
466,089
64,496
8,326
michael price associates ltd 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 michael price associates ltd. Get real-time insights into michael price associates ltd's credit score, group structure and payment trends.
Perform a competitor analysis for michael price associates ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in MK16 area or any other competitors across 12 key performance metrics.
michael price associates ltd Ownership
MICHAEL PRICE ASSOCIATES LTD group structure
Michael Price Associates Ltd has 7 subsidiary companies.
The largest shareholders in Michael Price Associates Ltd include Mpa Group Holdings Ltd and Mpa Professional Services Llp.
mpa group holdings ltd
95.36%
mpa professional services llp
4.64%
michael price associates ltd directors
Michael Price Associates Ltd currently has 3 directors.
The longest serving directors include
Mr Michael Price (May 2007) and
Miss Samantha Gallagher (Jul 2019).
np-105, icentre howard way, interchange park, newport pagnell, MK16 9PY
Bank
-
Legal Advisor
-
michael price associates 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 3 charges/mortgages relating to michael price associates ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
michael price associates ltd 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.
Click to start generating capital raising & share issue transactions for MICHAEL PRICE ASSOCIATES LTD. This can take several minutes, an email will notify you when this has completed.
michael price associates ltdCompanies House Filings - See Documents
