Midas Construction (cheshire) Limited

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midas construction (cheshire) limited Company Information

Live

EstablishedSmallHigh

Company Number

06467281

Next Accounts

Jan 2025

Industry

Construction of domestic buildings

Directors

Jason Marshall

Shareholders

jessica carter

jason marshall

Group Structure

View All

Contact

Registered Address

unit 5, moss lane business centre, sandbach, cheshire, CW11 3YX

Website

www.midasconstructioncheshire.com

midas construction (cheshire) limited Estimated Valuation

£728k

Pomanda estimates the enterprise value of MIDAS CONSTRUCTION (CHESHIRE) LIMITED at £728k based on a Turnover of £1.5m and 0.48x industry multiple (adjusted for size and gross margin).

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Midas Construction (cheshire) Limited is a live company located in sandbach, CW11 3YX with a Companies House number of 06467281. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in January 2008, it's largest shareholder is jessica carter with a 50% stake. Midas Construction (cheshire) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Pomanda's financial health check has awarded Midas Construction (Cheshire) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £1.5m, make it larger than the average company (£521.9k)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.8%)

EXPORT

Midas Construction (Cheshire) Limited's latest turnover from April 2023 is estimated at £1.5 million and the company has net assets of £49.3 thousand. According to their latest financial statements, Midas Construction (Cheshire) Limited has 8 employees and maintains cash reserves of £60.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	1,509,722	1,460,298	1,303,048	966,064	1,329,168	644,512	839,930	418,213	387,115	613,150	292,415	166,352	148,154	72,878
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,196,863	1,169,126	1,053,726	770,435	1,038,887	496,712	644,505	325,526	302,602	483,252	230,992	132,022	117,245	57,520
Gross Profit	312,859	291,171	249,322	195,629	290,281	147,800	195,425	92,687	84,513	129,898	61,423	34,330	30,909	15,358
Admin Expenses	280,775	285,627	356,667	142,304	157,224	186,783	176,377	63,996	79,091	129,036	57,006	54,888	19,782	8,012
Operating Profit	32,084	5,544	-107,345	53,325	133,057	-38,983	19,048	28,691	5,422	862	4,417	-20,558	11,127	7,346
Interest Payable	19,740	15,390	7,320	84	632	527	61	63	0	0	0	0	0	0
Interest Receivable	3,435	1,067	123	235	19	125	90	98	44	42	57	88	78	18
Pre-Tax Profit	15,779	-8,779	-114,542	53,475	132,444	-39,385	19,078	28,726	5,466	904	4,474	-20,470	11,206	7,364
Tax	-3,945	0	0	-10,160	-25,164	0	-3,815	-5,745	-1,148	-208	-1,074	0	-3,138	-2,062
Profit After Tax	11,834	-8,779	-114,542	43,315	107,280	-39,385	15,262	22,981	4,318	696	3,400	-20,470	8,068	5,302
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	11,834	-8,779	-114,542	43,315	107,280	-39,385	15,262	22,981	4,318	696	3,400	-20,470	8,068	5,302
Employee Costs	336,572	383,877	411,371	437,389	561,113	355,500	272,505	81,270	38,541	75,143	37,226	35,330	34,089	35,278
Number Of Employees	8	9	11	11	13	9	7	2	1	2	1	1	1	1
EBITDA*	32,860	40,272	-78,276	83,052	152,897	-28,811	26,750	38,003	12,285	7,679	8,308	-10,995	19,286	13,263

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	179,047	70,487	77,885	81,163	59,129	30,057	22,355	25,299	17,674	17,844	18,972	20,154	15,330	17,234
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	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	179,047	70,487	77,885	81,163	59,129	30,057	22,355	25,299	17,674	17,844	18,972	20,154	15,330	17,234
Stock & work in progress	305,577	240,000	40,000	40,000	40,000	0	0	0	0	0	0	0	0	0
Trade Debtors	15,444	25,269	112,214	49,011	61,218	12,852	45,234	29,079	13,354	33,888	12,836	4,217	0	2,102
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	225,740	236,554	223,780	258,111	215,905	69,663	29,904	52,193	37,365	23,094	8,583	10,991	0	0
Cash	60,132	101,498	183,075	62,560	0	5,003	44,982	26,972	12,362	5,147	11,569	11,279	24,047	7,254
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	606,893	603,321	559,069	409,682	317,123	87,518	120,120	108,244	63,081	62,129	32,988	26,487	24,047	9,356
total assets	785,940	673,808	636,954	490,845	376,252	117,575	142,475	133,543	80,755	79,973	51,960	46,641	39,377	26,590
Bank overdraft	49,173	0	0	0	2,484	15,198	0	0	0	0	0	0	0	0
Bank loan	0	48,000	16,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	295,594	243,295	121,711	75,010	80,631	7,647	9,180	36,202	54,940	63,076	32,359	26,741	16,007	10,165
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	1,030	0	1,944	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	8,537	5,022	7,560	0	0	0	0	0	0
other current liabilities	150,982	139,005	192,523	205,231	148,732	58,779	63,594	36,777	0	0	0	0	0	0
total current liabilities	495,749	430,300	330,234	280,241	231,847	91,191	77,796	82,483	54,940	63,076	32,359	26,741	16,007	10,165
loans	120,000	168,000	224,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	24,689	0	0	0	10,501	10,875	11,846	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	107,538	0	23,122	34,416	17,393	0	0	0	10,966	9,901	13,301	17,000	0	1,123
provisions	13,373	13,373	13,373	15,421	9,560	5,711	4,247	4,919	3,535	0	0	0	0	0
total long term liabilities	240,911	206,062	260,495	49,837	26,953	16,212	15,122	16,765	14,501	9,901	13,301	17,000	0	1,123
total liabilities	736,660	636,362	590,729	330,078	258,800	107,403	92,918	99,248	69,441	72,977	45,660	43,741	16,007	11,288
net assets	49,280	37,446	46,225	160,767	117,452	10,172	49,557	34,295	11,314	6,996	6,300	2,900	23,370	15,302
total shareholders funds	49,280	37,446	46,225	160,767	117,452	10,172	49,557	34,295	11,314	6,996	6,300	2,900	23,370	15,302

	Apr 2023	Apr 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	32,084	5,544	-107,345	53,325	133,057	-38,983	19,048	28,691	5,422	862	4,417	-20,558	11,127	7,346
Depreciation	776	34,728	29,069	29,727	19,840	10,172	7,702	9,312	6,863	6,817	3,891	9,563	8,159	5,917
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,945	0	0	-10,160	-25,164	0	-3,815	-5,745	-1,148	-208	-1,074	0	-3,138	-2,062
Stock	65,577	200,000	0	0	40,000	0	0	0	0	0	0	0	0	0
Debtors	-20,639	-74,171	28,872	29,999	194,608	7,377	-6,134	30,553	-6,263	35,563	6,211	15,208	-2,102	2,102
Creditors	52,299	121,584	46,701	-5,621	72,984	-1,533	-27,022	-18,738	-8,136	30,717	5,618	10,734	5,842	10,165
Accruals and Deferred Income	11,977	-53,518	-12,708	56,499	89,953	-4,815	26,817	36,777	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-2,048	5,861	3,849	1,464	-672	1,384	3,535	0	0	0	0	0
Cash flow from operations	48,253	-17,491	-75,203	99,632	59,911	-41,072	28,192	21,128	12,799	2,625	6,641	-15,469	24,092	19,264
Investing Activities
capital expenditure	-109,336	-27,330	-25,791	-51,761	-48,912	-17,874	-4,758	-16,937	-6,693	-5,689	-2,709	-14,387	-6,255	-23,151
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-109,336	-27,330	-25,791	-51,761	-48,912	-17,874	-4,758	-16,937	-6,693	-5,689	-2,709	-14,387	-6,255	-23,151
Financing Activities
Bank loans	-48,000	32,000	16,000	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	-1,030	1,030	-1,944	1,944	0	0	0	0	0	0
Long term loans	-48,000	-56,000	224,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-24,689	24,689	0	0	-19,038	3,141	-3,509	19,406	0	0	0	0	0	0
other long term liabilities	107,538	-23,122	-11,294	17,023	17,393	0	0	-10,966	1,065	-3,400	-3,699	17,000	-1,123	1,123
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-16,305	-14,323	-7,197	151	-613	-402	29	35	44	42	57	88	78	18
cash flow from financing	-29,456	-36,756	221,509	17,174	-3,288	3,769	-5,424	10,419	1,109	-3,358	-3,642	17,088	-1,045	11,141
cash and cash equivalents
cash	-41,366	-81,577	120,515	62,560	-5,003	-39,979	18,010	14,610	7,215	-6,422	290	-12,768	16,793	7,254
overdraft	49,173	0	0	-2,484	-12,714	15,198	0	0	0	0	0	0	0	0
change in cash	-90,539	-81,577	120,515	65,044	7,711	-55,177	18,010	14,610	7,215	-6,422	290	-12,768	16,793	7,254

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIDAS CONSTRUCTION (CHESHIRE) LIMITED group structure

Midas Construction (Cheshire) Limited has no subsidiary companies.

Ultimate parent company

MIDAS CONSTRUCTION (CHESHIRE) LIMITED

06467281

MIDAS CONSTRUCTION (CHESHIRE) LIMITED Shareholders

jessica carter	50%
jason marshall	50%

Midas Construction (Cheshire) Limited currently has 1 director, Mr Jason Marshall serving since Jan 2008.

officer	country	age	start	end	role
Mr Jason Marshall	England	37 years	Jan 2008	-	Director

P&L

April 2023

turnover

1.5m

+3%

operating profit

32.1k

gross margin

20.8%

+3.93%

turnover

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

Balance Sheet

April 2023

net assets

49.3k

+0.32%

total assets

785.9k

+0.17%

cash

60.1k

-0.41%

net assets

Total assets minus all liabilities

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1.5

company number

06467281

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

January 2008

ultimate parent company

None

previous names

N/A

address

unit 5, moss lane business centre, sandbach, cheshire, CW11 3YX

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.

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midas construction (cheshire) limited Company Information

midas construction (cheshire) limited Estimated Valuation

midas construction (cheshire) limited Estimated Valuation

midas construction (cheshire) limited Estimated Valuation

Midas Construction (cheshire) Limited Overview

Midas Construction (cheshire) Limited Health Check

MIDAS CONSTRUCTION (CHESHIRE) LIMITED financials

midas construction (cheshire) limited Credit Report and Business Information

Midas Construction (cheshire) Limited Competitor Analysis

midas construction (cheshire) limited Ownership

midas construction (cheshire) limited directors

midas construction (cheshire) limited company details

midas construction (cheshire) limited Charges & Mortgages

midas construction (cheshire) limited Capital Raised & Share Issues BETA

midas construction (cheshire) limited Companies House Filings - See Documents