Mje Contracts (leicester) Limited

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mje contracts (leicester) limited Company Information

Live

EstablishedSmallHigh

Company Number

06714946

Website

www.mjecontracts.co.uk

Registered Address

unit 3, 40 commercial square, freemens common, leicester, LE2 7SR

Industry

Development of building projects

Telephone

01162541040

Next Accounts Due

December 2024

Group Structure

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Directors

Mark English15 Years

Johanne English9 Years

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Shareholders

mark english 40%

johanne english 20%

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mje contracts (leicester) limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of MJE CONTRACTS (LEICESTER) LIMITED at £2.5m based on a Turnover of £4.9m and 0.5x industry multiple (adjusted for size and gross margin).

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Mje Contracts (leicester) Limited is a live company located in leicester, LE2 7SR with a Companies House number of 06714946. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2008, it's largest shareholder is mark english with a 40% stake. Mje Contracts (leicester) Limited is a established, small sized company, Pomanda has estimated its turnover at £4.9m with high growth in recent years.

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Pomanda's financial health check has awarded Mje Contracts (Leicester) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £4.9m, make it larger than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (2%)

EXPORT

Mje Contracts (Leicester) Limited's latest turnover from March 2023 is estimated at £4.9 million and the company has net assets of £590.2 thousand. According to their latest financial statements, Mje Contracts (Leicester) Limited has 38 employees and maintains cash reserves of £334.9 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	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Turnover	4,920,215	5,996,033	5,945,409	2,535,828	3,375,430	5,436,520	2,330,368	3,915,069	6,942,088	3,805,760	674,858	888,692	932,213
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,661,222	4,568,766	4,539,447	1,871,968	2,437,402	3,857,246	1,613,768	2,726,514	4,970,059	2,707,235	482,900	648,428	673,409
Gross Profit	1,258,993	1,427,267	1,405,962	663,860	938,028	1,579,274	716,600	1,188,555	1,972,029	1,098,525	191,959	240,264	258,804
Admin Expenses	1,299,235	1,533,406	1,489,409	644,164	781,941	1,574,700	-132,683	902,535	1,441,262	950,644	171,638	256,551	258,085
Operating Profit	-40,242	-106,139	-83,447	19,696	156,087	4,574	849,283	286,020	530,767	147,881	20,321	-16,287	719
Interest Payable	3,935	3,150	1,525	61	6,098	5,807	0	3,739	0	0	0	0	0
Interest Receivable	11,151	923	134	106	2	542	271	295	294	28	28	0	0
Pre-Tax Profit	-33,026	-108,366	-84,838	19,741	149,991	-691	849,554	282,576	531,061	147,909	20,349	-16,287	719
Tax	0	0	0	-3,751	-28,498	0	-169,911	-56,515	-111,523	-34,019	-4,884	0	-201
Profit After Tax	-33,026	-108,366	-84,838	15,990	121,493	-691	679,643	226,061	419,538	113,890	15,465	-16,287	518
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-33,026	-108,366	-84,838	15,990	121,493	-691	679,643	226,061	419,538	113,890	15,465	-16,287	518
Employee Costs	1,789,581	1,437,417	1,311,846	708,421	606,709	843,875	371,675	509,368	889,880	535,166	106,495	138,381	165,748
Number Of Employees	38	32	30	16	14	20	9	13	24	15	3	4	5
EBITDA*	-4,142	-80,336	-54,753	46,865	182,102	25,298	887,729	321,343	561,068	168,317	28,813	-6,855	11,326

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Tangible Assets	148,804	199,850	389,940	389,622	372,279	509,264	94,410	122,419	101,146	60,114	41,655	47,674	53,440
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	148,804	199,850	389,940	389,622	372,279	509,264	94,410	122,419	101,146	60,114	41,655	47,674	53,440
Stock & work in progress	57,213	52,158	201,165	91,840	79,300	343,988	532,635	367,858	87,546	32,500	85,000	70,000	100,000
Trade Debtors	321,781	618,230	565,697	175,619	450,371	821,776	324,006	547,047	869,630	438,039	32,692	67,433	105,360
Group Debtors	190,357	194,805	212,160	209,164	198,907	0	0	0	0	0	0	0	0
Misc Debtors	305,954	294,918	292,566	281,823	281,903	192,240	318,101	213,865	0	0	0	0	0
Cash	334,878	189,863	56,256	211,384	439	0	216,803	430	117,698	0	11,063	0	0
misc current assets	0	0	0	0	0	0	0	21,565	0	0	0	0	0
total current assets	1,210,183	1,349,974	1,327,844	969,830	1,010,920	1,358,004	1,391,545	1,150,765	1,074,874	470,539	128,755	137,433	205,360
total assets	1,358,987	1,549,824	1,717,784	1,359,452	1,383,199	1,867,268	1,485,955	1,273,184	1,176,020	530,653	170,410	185,107	258,800
Bank overdraft	11,016	11,016	0	0	1,991	145,675	0	115,058	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	423,048	575,000	688,992	262,213	207,833	260,210	127,721	200,807	642,895	417,066	159,883	178,812	123,067
Group/Directors Accounts	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
hp & lease commitments	0	0	0	2,717	4,933	4,933	0	0	0	0	0	0	0
other current liabilities	298,285	294,255	233,190	267,084	326,810	657,794	256,344	198,131	0	0	0	0	0
total current liabilities	732,349	880,271	922,182	532,014	541,567	1,068,612	384,065	513,996	642,895	417,066	159,883	178,812	123,067
loans	22,428	32,317	50,000	0	0	33,004	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,844	5,905	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	11,000	39,340	80,792	122,244	0	0	0	10,830	22,063	135,214
provisions	0	0	0	0	0	0	300,000	0	0	0	0	0	0
total long term liabilities	36,428	46,317	64,000	11,000	41,184	119,701	422,244	0	0	0	10,830	22,063	135,214
total liabilities	768,777	926,588	986,182	543,014	582,751	1,188,313	806,309	513,996	642,895	417,066	170,713	200,875	258,281
net assets	590,210	623,236	731,602	816,438	800,448	678,955	679,646	759,188	533,125	113,587	-303	-15,768	519
total shareholders funds	590,210	623,236	731,602	816,438	800,448	678,955	679,646	759,188	533,125	113,587	-303	-15,768	519

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-40,242	-106,139	-83,447	19,696	156,087	4,574	849,283	286,020	530,767	147,881	20,321	-16,287	719	0
Depreciation	36,100	25,803	28,694	27,169	26,015	20,724	38,446	35,323	30,301	20,436	8,492	9,432	10,607	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-3,751	-28,498	0	-169,911	-56,515	-111,523	-34,019	-4,884	0	-201	0
Stock	5,055	-149,007	109,325	12,540	-264,688	-188,647	532,635	280,312	55,046	-52,500	15,000	-30,000	100,000	0
Debtors	-289,861	37,530	403,817	-264,575	-82,835	371,909	642,107	-108,718	431,591	405,347	-34,741	-37,927	105,360	0
Creditors	-151,952	-113,992	426,779	54,380	-52,377	132,489	127,721	-442,088	225,829	257,183	-18,929	55,745	123,067	0
Accruals and Deferred Income	4,030	61,065	-33,894	-59,726	-330,984	401,450	256,344	198,131	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-300,000	300,000	0	0	0	0	0	0	0
Cash flow from operations	132,742	-21,786	-175,010	289,803	117,766	75,975	227,141	-150,723	188,737	38,634	24,741	116,817	-71,168	0
Investing Activities
capital expenditure	14,946	164,287	-29,012	-44,512	110,970	-435,578	-132,856	-56,596	-71,333	-38,895	-2,473	-3,666	-64,047	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	14,946	164,287	-29,012	-44,512	110,970	-435,578	-132,856	-56,596	-71,333	-38,895	-2,473	-3,666	-64,047	0
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	-9,889	-17,683	50,000	0	-33,004	33,004	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-2,717	-4,060	-4,061	10,838	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-11,000	-28,340	-41,452	-41,452	122,244	0	0	-10,830	-11,233	-113,151	135,214	0
share issue	0	0	2	0	0	0	3	2	0	0	0	0	1	0
interest	7,216	-2,227	-1,391	45	-6,096	-5,265	271	-3,444	294	28	28	0	0	0
cash flow from financing	-2,673	-19,910	34,894	-32,355	-84,613	-2,875	122,518	-3,442	294	-10,802	-11,205	-113,151	135,215	0
cash and cash equivalents
cash	145,015	133,607	-155,128	210,945	439	-216,803	216,803	-117,268	117,698	-11,063	11,063	0	0	0
overdraft	0	11,016	0	-1,991	-143,684	145,675	0	115,058	0	0	0	0	0	0
change in cash	145,015	122,591	-155,128	212,936	144,123	-362,478	216,803	-232,326	117,698	-11,063	11,063	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MJE CONTRACTS (LEICESTER) LIMITED group structure

Mje Contracts (Leicester) Limited has no subsidiary companies.

Ultimate parent company

MJE CONTRACTS (LEICESTER) LIMITED

06714946

MJE CONTRACTS (LEICESTER) LIMITED Shareholders

mark english	40%
johanne english	20%
mark worrall	20%
joanne hopkinson	20%

Mje Contracts (Leicester) Limited currently has 3 directors. The longest serving directors include Mr Mark English (Oct 2008) and Mrs Johanne English (Mar 2015).

officer	country	age	start	end	role
Mr Mark English	England	54 years	Oct 2008	-	Director
Mrs Johanne English	England	52 years	Mar 2015	-	Director
Mr Mark Worrall		53 years	Apr 2021	-	Director

P&L

March 2023

turnover

4.9m

-18%

operating profit

-40.2k

gross margin

25.6%

+7.5%

turnover

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

Balance Sheet

March 2023

net assets

590.2k

-0.05%

total assets

1.4m

-0.12%

cash

334.9k

+0.76%

net assets

Total assets minus all liabilities

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company number

06714946

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

October 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

j & m contracts (leicester) limited (August 2011)

incorporated

address

unit 3, 40 commercial square, freemens common, leicester, LE2 7SR

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 3 charges/mortgages relating to mje contracts (leicester) limited. Currently there are 2 open charges and 1 have been satisfied in the past.

mje contracts (leicester) limited Company Information

mje contracts (leicester) limited Estimated Valuation

mje contracts (leicester) limited Estimated Valuation

mje contracts (leicester) limited Estimated Valuation

Mje Contracts (leicester) Limited Overview

Mje Contracts (leicester) Limited Health Check

MJE CONTRACTS (LEICESTER) LIMITED financials

mje contracts (leicester) limited Credit Report and Business Information

Mje Contracts (leicester) Limited Competitor Analysis

mje contracts (leicester) limited Ownership

mje contracts (leicester) limited directors

mje contracts (leicester) limited company details

mje contracts (leicester) limited Charges & Mortgages

mje contracts (leicester) limited Companies House Filings - See Documents